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Hedging Transactions and Derivative Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Notional values of outstanding derivative positions
As of December 31, 2016, the notional values of our copper contracts outstanding were:
Notional Value of Copper Derivatives
January 2017 - March 2017
122 metric tons per month
April 2017 - June 2017
122 metric tons per month
July 2017 - September 2017
122 metric tons per month
October 2017 - December 2017
122 metric tons per month
As of December 31, 2016 the notional values of these foreign currency forward contracts were:
Notional Values of Foreign Currency Derivatives
USD/KRW
10,537,789,000

EUR/JPY
¥
309,000,000

EUR/HUF
Ft
169,000,000

Gain (loss) on derivative instruments
Effects on Statements of Operations and Statements of Comprehensive Income (Loss):
(Dollars in thousands)

 
 
The Effect of Current Derivative Instruments on the Financial Statements for the year ended December 31, 2016

Fair Values of Derivative Instruments as of December 31, 2016
Foreign Exchange Contracts

Location
 
Gain/(Loss)

Other Assets
(Liabilities)
Contracts not designated as hedging instruments

Other income (expense), net
 
$
(170
)

$
(170
)
Copper Derivative Instruments

 
 
 


 

Contracts not designated as hedging instruments

Other income (expense), net
 
$
625


$
1,277

(Dollars in thousands)
 
 
 
The Effect of Current Derivative Instruments on the Financial Statements for the year ended December 31, 2015
 
Fair Values of Derivative Instruments as of December 31, 2015
Foreign Exchange Contracts
 
Location
 
Gain/(Loss)
 
Other Assets
(Liabilities)
Contracts not designated as hedging instruments
 
Other income (expense), net
 
$
(78
)
 
$
(78
)
Copper Derivative Instruments
 
 
 
 

 
 

Contracts not designated as hedging instruments
 
Other income (expense), net
 
$
(666
)
 
$
193

Interest Rate Swap Instrument
 
 
 
 
 
 
Contracts designated as hedging instruments
 
Other income (expense), net
 
$
126

 
$
(18
)