Quarterly report pursuant to Section 13 or 15(d)

Financial Instruments, Fair Value, Hedging Activities, and Concentrations of Credit Risk (Tables)

v3.19.3
Financial Instruments, Fair Value, Hedging Activities, and Concentrations of Credit Risk (Tables)
9 Months Ended
Sep. 30, 2019
Text Block [Abstract]  
Summary of Fair Value Measurements and Financial Statement Presentation

The fair values of our assets, liabilities, and derivative positions recorded at fair value and their respective levels in the fair value hierarchy as of September 30, 2019 and December 31, 2018, were as follows:

 

 

September 30, 2019

 

 

September 30, 2019

 

 

Fair Values of Assets

 

 

Fair Values of Liabilities

 

In Thousands

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Other items reported at fair value:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commodity futures and options

$

216

 

 

$

 

 

$

 

 

$

216

 

 

$

 

 

$

 

 

$

 

 

$

 

Total

$

216

 

 

$

 

 

$

 

 

$

216

 

 

$

 

 

$

 

 

$

 

 

$

 

 

 

December 31, 2018

 

 

December 31, 2018

 

 

Fair Values of Assets

 

 

Fair Values of Liabilities

 

In Thousands

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Other items reported at fair value:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Forward Purchase Contracts (a)

$

 

 

$

1

 

 

$

 

 

$

1

 

 

$

 

 

$

248

 

 

$

 

 

$

248

 

Total

$

 

 

$

1

 

 

$

 

 

$

1

 

 

$

 

 

$

248

 

 

$

 

 

$

248

 

 

(a) The fair value for Forward Purchase Contracts were previously estimated based on commodity futures market prices.

Summary of Certain Amounts Related to Hedging Activities

Certain amounts related to our hedging activities are as follows:

 

Amount of Gain (Loss)

Recognized in AOCI

 

 

 

 

Amount of Gain (Loss)

Reclassified to Earnings

 

 

September 30,

 

 

December 31,

 

 

 

 

Nine months ended September 30,

 

In thousands

2019

 

 

2018

 

 

 

 

2019

 

 

2018

 

Cash flow hedges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commodity contracts

$

(55

)

 

$

 

 

 

 

$

(22

)

 

$

 

Total

$

(55

)

 

$

 

 

 

 

$

(22

)

 

$