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Derivative Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2015
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Information Related to Recurring Fair Value Measurement of Derivative Financial Instruments in Our Consolidated Balance Sheet

Information related to the recurring fair value measurement of derivative financial instruments in our consolidated balance sheet as of December 31, 2015 is as follows :  

 

 

  

 

  

 

  

Asset Derivatives

 

  

Liability Derivatives

 

 

Net Asset/
(Liabilities)

 

 

  

Hedge

Designation

  

Fair Value

Hierarchy

  

Balance Sheet
Location

 

  

Fair
Value

 

  

Balance Sheet
Location

  

Fair
Value

 

 

Commodity derivatives

  

Cash flow hedge

  

Level 2

  

 

 

 

 

 

 

  

  

Current liabilities

  

 $

(725

)

 

$

(725

)

Information related to the recurring fair value measurement of derivative financial instruments in our consolidated balance sheet as of December 31, 2014 is as follows:

 

 

  

 

  

 

  

Asset Derivatives

 

  

Liability Derivatives

 

 

Net Asset/
(Liabilities)

 

 

  

Hedge

Designation

  

Fair Value

Hierarchy

  

Balance Sheet
Location

 

  

Fair
Value

 

  

Balance Sheet
Location

  

Fair
Value

 

 

CRS

  

Not a hedge

  

Level 2

  

 

 

 

  

 

 

 

  

Current liabilities

  

$

(2,466

)

 

 

 

 

 

  

 

  

 

  

 

 

 

  

 

 

 

  

Non current liabilities

  

 

(6,698

)

 

 

 

 

Total CRS

  

 

  

 

  

 

 

 

  

 

 

 

  

 

  

$

(9,164

)

 

$

(9,164

Foreign currency derivatives

  

Not a hedge

  

Level 2

  

 

Current assets

  

  

$

145

  

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

Non‑current assets

  

  

$

1,345

  

  

 

  

 

 

 

 

 

 

  

Total foreign currency derivatives

  

 

  

 

  

 

 

 

  

 

1,490

  

  

 

  

 

 

 

 

$

1,490

  

 

Information Related to Effect of Derivative Instruments on Our Consolidated Statements of Income

 


Note 13 — Derivative Financial Instruments (Continued)

Information related to the effect of derivative instrument`s on our consolidated statements of income is as follows:  

 

 

 

Location

  

Year
Ended
December 31,
2015

 

 

Year
Ended
December 31,
2014

 

Foreign currency derivatives

 

Revaluation of derivatives

 

$

(1,102

)

 

 

640

 

 

 

Product Revenues

 

 

 

 

 

(390

)

 

 

Cost of Sales

 

 

(1,782

)

 

 

(174

)

 

 

Selling, general and administrative

 

 

(477

)

 

 

(161

)

 

 

Other Comprehensive Income

 

 

10

 

 

 

(10

)

 

 

Foreign currency gain (loss)

 

 

351

 

 

 

(976

)

Total foreign currency derivatives

 

 

 

$

(3,000

)

 

$

(1,071

)

CRS

 

Revaluation of derivatives

 

$

 

 

$

(1,157

)

 

 

Gain on settlement of derivatives

 

 

9,949

 

 

 

)

Total CRS

 

 

 

$

9,949

 

 

$

(1,157

)

Interest Rate derivatives

 

Revaluation of derivatives

 

$

 

 

$

(1

)

 

 

Other Comprehensive Income

 

 

 

 

 

81

 

Total interest rate derivatives

 

 

 

$

 

 

$

80

 

Commodity derivatives

 

Other Comprehensive Income

 

$

(725

)

 

$

 

 

 

Cost of Sales

 

 

(123

)

 

 

 

Total commodity derivatives

 

 

 

$

(848

)

 

$