| toms sko norge 7/15(水) 00:38:59 No.20150715003859
Although the contracts relate to production for future periods, changes in the fair value for all open contracts are recorded at the end of each respective reporting period. The third quarter of 2013 had a net derivative loss of $15.7 million, comprised of a $4.5 million realized loss and an $11.1 million unrealized loss.Income Taxes: Income tax expense was $0.9 million for the third quarter of 2014 compared to $8.0 million for the third quarter of 2013, with the decrease primarily attributable to lower pre tax income.
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