Quarterly report pursuant to Section 13 or 15(d)

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

v3.20.2
Financial Instruments, Measured at Fair Value, Hedging Activities, and Concentrations of Credit Risk (Tables)
 9 Months Ended
Sep. 30, 2020
Text Block [Abstract]  
Summary of Fair Value Measurements and Financial Statement Presentation

The fair values of our financial instruments measured at fair value and their respective levels in the fair value hierarchy as of September 30, 2020, and December 31, 2019, were as follows:

 

 

September 30, 2020

 

September 30, 2020

 

 

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:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Short-term investments

$

20,802

 

 

$

—

 

 

$

—

 

 

$

20,802

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

Commodity derivative contracts

 

132

 

 

 

—

 

 

 

—

 

 

 

132

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total

$

20,934

 

 

$

—

 

 

$

—

 

 

$

20,934

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

 

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 derivative contracts

$

62

 

 

$

—

 

 

$

—

 

 

$

62

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

Total

$

62

 

 

$

—

 

 

$

—

 

 

$

62

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 
Composition of Short-term Investments

The composition of our short-term investments as of September 30, 2020, and December 31, 2019 were as follows:

 

 

As of September 30,

 

 

As of December 31,

 

In Thousands

2020

 

 

2019

 

Corporate debt securities

$

17,803

 

 

$

—

 

Commercial paper

 

2,999

 

 

 

—

 

Total

$

20,802

 

 

$

—

 
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

 

 

For the Nine Months Ended September 30,

 

 

For the Nine Months Ended September 30,

 

In thousands

2020

 

 

2019

 

 

2020

 

 

2019

 

Cash flow hedges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commodity derivative contracts

$

8

 

 

$

—

 

 

$

(28

)

 

$

—