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Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The fair value of all derivatives is recorded as assets or liabilities on a gross basis in our Condensed Consolidated Balance Sheets. As of June 30, 2020 and December 31, 2019, the fair value of our derivatives and their respective balance sheet locations are presented in the following tables:

			Asset Derivatives																		Liability Derivatives
			Location						Fair  Value						Location						Fair  Value
As of June 30, 2020			(Dollars in thousands)
Derivatives designated as cash flow hedges:
Commodity derivative contracts			Prepaid and other current assets						$	—					Other accrued liabilities						$	6,733
			Other long-term assets						—						Other long-term obligations						7,312
Interest rate swap contracts			Prepaid and other current assets						—						Other accrued liabilities						5,914
			Other long-term assets						—						Other long-term obligations						8,215
Total fair value									$	—											$	28,174
As of December 31, 2019
Derivatives designated as cash flow hedges:
Commodity derivative contracts			Prepaid and other current assets						$	104					Other accrued liabilities						$	1,872
			Other long-term assets						369						Other long-term obligations						2,255
Interest rate swap contracts			Prepaid and other current assets						253						Other accrued liabilities						—
			Other long-term assets						2,684						Other long-term obligations						72
Total fair value									$	3,410											$	4,199

			Asset Derivatives																		Liability Derivatives
			Location						Fair  Value						Location						Fair  Value
As of June 30, 2020			(Dollars in thousands)
Derivatives not designated as hedges:
Foreign currency derivatives			Prepaid and other current assets						$	166					Other current liabilities						$	190
Commodity derivatives contracts			Prepaid and other current assets						294						Other accrued liabilities						—
									$	460											$	190
As of December 31, 2019
Derivatives not designated as hedges:
Foreign currency derivatives			Prepaid and other current assets						$	239					Other current liabilities						$	81
Commodity derivatives contracts			Prepaid and other current assets						376						Other accrued liabilities						—
									$	615											$	81

Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location

												Amount of (Gain)/Loss Recognized
						Location of (Gain)/Loss Recognized in the Consolidated Statement of Operations						For the Three Months Ended June 30,
															2020						2019
Derivatives designated as cash flow hedges:												(Dollars in thousands)
Commodity derivative contracts						Cost of sales						$	(1,130)					$	(2,000)
Interest rate swap						Interest expense						1,521						—
Derivatives not designated as hedges:
Foreign currency derivatives						Cost of sales, Other (income) expense						$	(217)					(144)
Commodity derivative contracts						Cost of sales						25						—
												Amount of (Gain)/Loss Recognized
						Location of (Gain)/Loss Recognized in the Consolidated Statement of Operations						For the Six Months Ended June 30,
															2020						2019
Derivatives designated as cash flow hedges:												(Dollars in thousands)
Commodity contract hedges						Cost of sales						$	(3,939)					(3,848)
Interest rate swap contracts						Interest expense						1,315						—
Derivatives not designated as hedges:
Foreign currency derivatives						Cost of sales, Other (income) expense						$	(716)					(821)
Commodity derivative contracts						Cost of sales						(114)						—

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- References

No definition available.

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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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624163-113959

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- Definition

Tabular disclosure of derivative instruments (including nonderivative instruments that are designated and qualify as hedging instruments) of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5618551-113959

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