Quarterly report pursuant to Section 13 or 15(d)

Financial Instruments (Tables)

v3.8.0.1
Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair Value of Derivatives Held
The fair values of derivative instruments held as of September 30, 2017 and December 31, 2016 are shown below:
 
Balance sheet location 
 
September 30, 2017
 
December 31, 2016
Asset derivatives:
 
 
 
 
 
Derivatives designated as cash flow hedges:
 
 
 
 
 
Natural gas swaps
Current assets
 
$
—

 
$
573

Interest rate caps
Current assets
 
9

 
—

Natural gas swaps
Other long-term assets
 
7

 
58

Interest rate caps
Other long-term assets
 
1,082

 
5,803

Total asset derivatives
 
 
$
1,098

 
$
6,434

Liability derivatives:
 
 
 
 
 
Derivatives designated as cash flow hedges:
 
 
 
 
 
Natural gas swaps
Accrued liabilities
 
$
58

 
$
—

Total liability derivatives
 
 
$
58

 
$
—

Effect of Derivative Instruments Designated as Hedges on Other Comprehensive Income
The following tables show the effect of the Company’s derivative instruments designated as hedges on other comprehensive income (loss) (“OCI”) and the statement of income for the three and nine months ended September 30, 2017 and 2016:
 
 
 
 
Three months ended September 30,
 
 
 
 
2017
 
2016
Derivatives designated as cash flow hedges: 
 
Location in Earnings
 
Amount of gain (loss) recognized in OCI on derivatives (effective portion)
 
Amount of gain (loss) reclassified from accumulated OCI into income (effective portion)
 
Amount of gain (loss) recognized in OCI on derivatives (effective portion)
 
Amount of gain (loss) reclassified from accumulated OCI into income (effective portion)
Interest rate caps
 
Interest expense
 
$
(1,842
)
 
$
13

 
$
212

 
$
(2
)
Natural gas swaps
 
Cost of goods sold
 
(28)

 
94

 
(306)

 
420

 
 
 
 
$
(1,870
)
 
$
107

 
$
(94
)
 
$
418

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine months ended September 30,
 
 
 
 
2017
 
2016
Derivatives designated as cash flow hedges: 
 
Location in Earnings
 
Amount of gain (loss) recognized in OCI on derivatives (effective portion)
 
Amount of gain (loss) reclassified from accumulated OCI into income (effective portion)
 
Amount of gain (loss) recognized in OCI on derivatives (effective portion)
 
Amount of gain (loss) reclassified from accumulated OCI into income (effective portion)
Interest rate caps
 
Interest expense
 
$
(4,712
)
 
$
22

 
$
212

 
$
(2
)
Natural gas swaps
 
Cost of goods sold
 
(787)

 
104

 
(1,723)

 
1,148

 
 
 
 
$
(5,499
)
 
$
126

 
$
(1,511
)
 
$
1,146