Annual report pursuant to Section 13 and 15(d)

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

v3.19.3.a.u2
Financial Instruments, Fair Value, and Concentrations of Credit Risk (Tables)
12 Months Ended
Dec. 31, 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 December 31, 2019 and December 31, 2018, were as follows:

 

 

December 31, 2019

 

 

December 31, 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

 

$

62

 

 

$

 

 

$

 

 

$

62

 

 

$

 

 

$

 

 

$

 

 

$

 

Total

 

$

62

 

 

$

 

 

$

 

 

$

62

 

 

$

 

 

$

 

 

$

 

 

$

 

 

 

 

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 is estimated based on commodity market future prices.

Summary of Certain Amounts Related to Hedging Activities

Certain amounts related to our hedging activities are as follows:

 

 

Amount of Gain (Loss)

 

 

Amount of Gain (Loss)

Reclassified to Earnings

 

 

 

Recognized in AOCI

 

 

Year ended

 

 

 

December 31,

 

 

December 31,

 

 

December 31,

 

 

December 31,

 

In thousands

 

2019

 

 

2018

 

 

2017

 

 

2019

 

 

2018

 

 

2017

 

Cash flow hedges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commodity contracts

 

$

17

 

 

$

 

 

$

 

 

$

(81

)

 

$

 

 

$

 

Total

 

$

17

 

 

$

 

 

$

 

 

$

(81

)

 

$

 

 

$