Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivatives not designated as hedging instruments

The (gains) losses recognized for the three months ended March 31, are as follows (in thousands):

	Three Months Ended   March 31,
Derivatives not designated as hedging instruments	2015			2014
Commodity options	$	429		$	—
Foreign exchange options (1)	(4,169		)	—
Total non-designated derivative realized (gain) loss, net	$	(3,740	)	$	—

Fair value of derivatives

Summary of Derivatives

Derivatives consist of the following (in thousands):

		March 31, 2015		December 31, 2014
Derivatives not designated as hedging instruments	Classification	Fair Value		Fair Value
Commodity options	Other current assets	$	311	$	591
Commodity options	Other assets	—		162
Foreign exchange options	Other current assets	5,454		1,851
Foreign exchange options	Other assets	—		445
	Total assets	$	5,765	$	3,049