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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables) | 12 Months Ended
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Dec. 31, 2023
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES |
Summary of the company's outstanding derivative contracts and their effects on its condensed consolidated statements of financial position | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2023 |
​ |  | Notional |  | ​ | ​ |  | ​ | ​ |
​ | ​ | Amounts | ​ | Assets | ​ | Liabilities |
Derivatives designated as hedging instruments: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Foreign currency derivatives | ​ | $ | 16,337 | ​ | $ | 302 | ​ | $ | — | ​
Commodity derivatives | ​ |  | 28,247 | ​ |  | 16 | ​ |  | (2,542) | ​
Total derivatives | ​ | ​ | ​ | ​ | $ | 318 | ​ | $ | (2,542) | ​
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2022 |
​ |  | Notional |  | ​ | ​ |  | ​ | ​ |
​ | ​ | Amounts | ​ | Assets | ​ | Liabilities |
Derivatives designated as hedging instruments: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Foreign currency derivatives | ​ | $ | 7,264 | ​ | $ | — | ​ | $ | (282) | ​
Commodity derivatives | ​ |  | 189 | ​ |  | 10 | ​ |  | — | ​
Total derivatives | ​ | ​ | ​ | ​ | $ | 10 | ​ | $ | (282) | ​
​
Summary of the effects of derivative instruments on the consolidated statement of earnings and retained earnings, and the condensed consolidated statement of comprehensive earnings | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For Year Ended December 31, 2023 |
​ |  | ​ | ​ |  | ​ | ​ |  | Gain (Loss) |
​ | ​ | ​ | ​ | ​ | Gain (Loss) | ​ | on Amount Excluded |
​ | ​ | Gain (Loss) | ​ | Reclassified from | ​ | from Effectiveness |
​ | ​ | Recognized | ​ | Accumulated OCI | ​ | Testing Recognized |
​ | ​ | in OCI | ​ | into Earnings | ​ | in Earnings |
Foreign currency derivatives | ​ | $ | 374 | ​ | $ | (210) | ​ | $ | — | ​
Commodity derivatives | ​ |  | (3,122) | ​ |  | (585) | ​ |  | — | ​
Total | ​ | $ | (2,748) | ​ | $ | (795) | ​ | $ | — | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For Year Ended December 31, 2022 |
​ |  | ​ | ​ |  | ​ | ​ |  | Gain (Loss) |
​ | ​ | ​ | ​ | ​ | Gain (Loss) | ​ | on Amount Excluded |
​ | ​ | Gain (Loss) | ​ | Reclassified from | ​ | from Effectiveness |
​ | ​ | Recognized | ​ | Accumulated OCI | ​ | Testing Recognized |
​ | ​ | in OCI | ​ | into Earnings | ​ | in Earnings |
Foreign currency derivatives | ​ | $ | (484) | ​ | $ | 223 | ​ | $ | — | ​
Commodity derivatives | ​ |  | 233 | ​ |  | 347 | ​ |  | — | ​
Total | ​ | $ | (251) | ​ | $ | 570 | ​ | $ | — | ​
​

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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4E Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4A + Details
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- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4B + Details
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