Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2012

Derivative Financial Instruments

Commodity option and futures contract commitments for non monetary notional amount

The following summarizes the company's commodity futures contract commitments as of December 31, 2012 (MT represents metric tons and Lbs represents pounds):

Commodity	Long/Short	Total
Aluminum	Long		4,050	MT
Aluminum	Short		4,950	MT
Copper	Long		2,948	MT
Copper	Short		19,493	MT
Nickel	Short		120	MT
Silver	Short		343	Lbs

Summary of the location and amounts of the fair values and gains or losses related to derivatives included in the entity's financial statements

 The following summarizes the location and amounts of the fair values reported on the company's balance sheets and gains or losses related to derivatives included in the company's statements of income as of and for the years ended December 31 (in thousands):

		Fair Value
Balance Sheets, as of December 31		2012		2011
Commodity futures net liability	Accrued expenses	$	—	$	1,219
Commodity futures net asset	Other current assets		2,170		—

		Gain (Loss)
Statements of Income, Years Ended December 31		2012			2011		2010
Commodity futures and option contracts	Costs of goods sold	$	(892	)	$	12,531	$	(5,907	)