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Derivative Instruments and Hedging Activities (Tables)
 12 Months Ended
Dec. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivatives not designated as hedging instruments
The losses (gains) recognized for the twelve months ended December 31, are as follows (in thousands):
Derivatives not designated as hedging instruments
2014
 
2013
 
2012
Commodity options
685

 
—

 
—

Foreign exchange forwards
(731
)
 
—

 
—

Foreign exchange options (1)
(1,015
)
 
—

 
—

Total non-designated derivative realized (gain) loss, net
(1,061
)
 
—

 
—


(1) Includes a loss of $477,000 for the discontinuation of cash flow hedges for which the forecasted transactions are not expected to occur within the originally forecasted time frame.
Fair value of derivatives
Derivatives consist of the following (in thousands):
 
 
 
 
December 31, 2014
 
December 31, 2013
Derivatives not designated as hedging instruments
 
Classification
 
Fair Value
 
Fair Value
Commodity options
 
Other current assets
 
$
591

 
$
—

Commodity options
 
Other assets
 
162

 
—

Foreign exchange options
 
Other current assets
 
1,851

 
—

Foreign exchange options
 
Other assets
 
445

 
—

 
 
Total assets
 
$
3,049

 
$
—