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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES: (Tables)
12 Months Ended
Dec. 31, 2011
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES:  
Summary of outstanding derivative contracts and their effects on the Consolidated Statements of Financial Position

December 31, 2011

 

 

 

Notional
Amounts

 

Assets

 

Liabilities

 

Derivatives designated as hedging instruments:

 

 

 

 

 

 

 

Foreign currency forward contracts

 

$

13,044

 

$

205

 

$

 

Commodity futures contracts

 

4,557

 

341

 

(138

)

Commodity option contracts

 

 

 

 

Total derivatives

 

 

 

$

546

 

$

(138

)

 

December 31, 2010

 

 

 

Notional
Amounts

 

Assets

 

Liabilities

 

Derivatives designated as hedging instruments:

 

 

 

 

 

 

 

Foreign currency forward contracts

 

$

3,572

 

$

942

 

$

 

Commodity futures contracts

 

4,407

 

2,310

 

 

Commodity option contracts

 

10,344

 

5,481

 

(112

)

Total derivatives

 

 

 

$

8,733

 

$

(112

)

Effects of derivative instruments on Consolidated Statement of Earnings, Comprehensive Earnings and Retained Earnings

 

 

For Year Ended December 31, 2011

 

 

 

Gain (Loss)
Recognized
in OCI

 

Gain (Loss)
Reclassified from
Accumulated OCI
into Earnings

 

Gain (Loss)
on Amount Excluded
from Effectiveness
Testing Recognized
in Earnings

 

Foreign currency forward contracts

 

$

317

 

$

1,054

 

$

 

Commodity futures contracts

 

4,674

 

6,782

 

 

Commodity option contracts

 

(5,388

)

(305

)

 

Total

 

$

(397

)

$

7,531

 

$

 

 

 

 

For Year Ended December 31, 2010

 

 

 

Gain (Loss)
Recognized
in OCI

 

Gain (Loss)
Reclassified from
Accumulated OCI
into Earnings

 

Gain (Loss)
on Amount Excluded
from Effectiveness
Testing Recognized
in Earnings

 

Foreign currency forward contracts

 

$

467

 

$

3,199

 

$

 

Commodity futures contracts

 

2,120

 

(191

)

 

Commodity option contracts

 

4,726

 

(357

)

 

Total

 

$

7,313

 

$

2,651

 

$