Derivatives (Tables)

9 Months Ended

Sep. 30, 2015

Derivative Instruments, Gain (Loss) [Line Items]

Schedule of Derivative Assets and Liabilities at Fair Value

The following table provides the fair values of our derivative financial instruments for the periods presented:

	Asset Derivatives:
(dollars in thousands)	September 30, 2015			December 31, 2014
Derivatives not designated as hedging instruments under FASB ASC 815:	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Currency contracts	Prepaid and other current assets	$	250	Prepaid and other current assets	$	403
Total undesignated		250			403
Total		$	250		$	403
	Liability Derivatives:
(dollars in thousands)	September 30, 2015			December 31, 2014
Derivatives designated as hedging instruments under FASB ASC 815:	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Natural gas contracts	Derivative liability - current	$	1,066	Derivative liability - current	$	1,222
Natural gas contracts	Other long-term liabilities	56		Other long-term liabilities	103
Interest rate contract	Derivative liability - current	1,557		Derivative liability - current	—
Interest rate contract	Other long-term liabilities	1,665		Other long-term liabilities	—
Total designated		4,344			1,325
Derivatives not designated as hedging instruments under FASB ASC 815:
Natural gas contracts	Derivative liability - current	1,194		Derivative liability - current	1,431
Natural gas contracts	Other long-term liabilities	25		Other long-term liabilities	112
Total undesignated		1,219			1,543
Total		$	5,563		$	2,868

Summary of the Effective Portion of Derivative Gain (Loss) Recognized in Other Comprehensive Income (Loss)

The following table provides a summary of the effective portion of derivative gain (loss) recognized in other comprehensive income (loss):

	Three months ended September 30,						Nine months ended September 30,
(dollars in thousands)	2015			2014			2015			2014
Derivatives in Cash Flow Hedging relationships:
Natural gas contracts	$	(489	)	$	(670	)	$	(1,265	)	$	(164	)
Total	$	(489	)	$	(670	)	$	(1,265	)	$	(164	)

Reclassification out of Accumulated Other Comprehensive Income

The following table provides a summary of the effective portion of derivative gain (loss) reclassified from accumulated other comprehensive income (loss) to the Condensed Consolidated Statements of Operations:

		Three months ended September 30,						Nine months ended September 30,
(dollars in thousands)		2015			2014			2015			2014
Derivative:	Location:
Natural gas contracts	Cost of sales	$	(448	)	$	(58	)	$	(1,468	)	$	756
Total impact on net income (loss)		$	(448	)	$	(58	)	$	(1,468	)	$	756

Schedule of Interest Rate Derivatives

The following table provides a summary of the effective portion of derivative gain (loss) recognized in other comprehensive income (loss):

	Three months ended September 30,					Nine months ended September 30,
(dollars in thousands)	2015			2014		2015			2014
Derivatives in Cash Flow Hedging relationships:
Interest Rate Swap	$	(3,211	)	$	—	$	(3,222	)	$	—
Total	$	(3,211	)	$	—	$	(3,222	)	$	—

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location

Gains (losses) on currency derivatives that were not designated as hedging instruments are recorded in current earnings as follows:

		Three months ended September 30,				Nine months ended September 30,
(dollars in thousands)		2015		2014		2015			2014
Derivative:	Location:
Currency contracts	Other income (expense)	$	135	$	461	$	(152	)	$	274
Total		$	135	$	461	$	(152	)	$	274

Natural Gas Contracts

Derivative Instruments, Gain (Loss) [Line Items]

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

The following table provides a summary of the gain (loss) recognized in other income (expense) in the Condensed Consolidated Statements of Operations from our natural gas contracts:

	Three months ended September 30,					Nine months ended September 30,
(dollars in thousands)	2015			2014		2015			2014
De-designated contracts	$	180		$	—	$	584		$	—
Contracts where hedge accounting was not elected	(222		)	—		(459		)	—
Total	$	(42	)	$	—	$	125		$	—