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Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2021

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 March 31, 2021 and December 31, 2020, 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 March 31, 2021			(Dollars in thousands)
Derivatives designated as cash flow hedges:
Commodity derivative contracts			Prepaid and other current assets						$	5,592					Other accrued liabilities						$	—
			Other long-term assets						571						Other long-term obligations						—
Interest rate swap contracts			Prepaid and other current assets						—						Other accrued liabilities						848
			Other long-term assets						3,291						Other long-term obligations						—
Total fair value									$	9,454											$	848
As of December 31, 2020
Derivatives designated as cash flow hedges:
Commodity derivative contracts			Prepaid and other current assets						$	518					Other accrued liabilities						$	888
			Other long-term assets						63						Other long-term obligations						1,898
Interest rate swap contracts			Prepaid and other current assets						—						Other accrued liabilities						4,080
			Other long-term assets						—						Other long-term obligations						6,903
Total fair value									$	581											$	13,769

			Asset Derivatives												Liability Derivatives
			Location						Fair  Value						Location						Fair  Value
As of March 31, 2021			(Dollars in thousands)
Derivatives not designated as hedges:
Foreign currency derivatives			Prepaid and other current assets						$	146					Other accrued liabilities						$	429
Total fair value									$	146											$	429
As of December 31, 2020
Derivatives not designated as hedges:
Foreign currency derivatives			Prepaid and other current assets						$	6					Other accrued liabilities						$	111
Commodity derivatives contracts			Prepaid and other current assets						—						Other accrued liabilities						952
Total fair value									$	6											$	1,063

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

The location and amount of realized (gains) losses on derivatives are recognized in the Statements of Operations as follows for the periods ended March 31, 2021 and 2020:

												Amount of (Gain)/Loss Recognized
						Location of Realized (Gain)/Loss Recognized in the Consolidated Statement of Operations						For the Three Months Ended March 31,
												2021						2020
Derivatives designated as cash flow hedges:												(Dollars in thousands)
Commodity derivative contracts						Cost of sales						$	549					$	(2,809)
Interest rate swap contracts						Interest expense (income)						1,330						(206)
Derivatives not designated as hedges:
Foreign currency derivatives						Cost of sales, Other expense (income)						$	1,629					$	(499)
Commodity derivative contracts						Cost of sales						—						(139)
Interest rate swap contracts						Interest expense						866						—

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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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