v3.25.2
Commodity Derivative Instruments (Tables)
 6 Months Ended
Jun. 27, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Pre-tax Changes in Fair Value The following table summarizes pre-tax changes in the fair values of the Company’s commodity derivative instruments and the classification of such changes in the condensed consolidated statements of operations:
Second QuarterFirst Half
(in thousands)2025202420252024
Cost of sales$1,320 $1,075 $521 $(81)
Selling, delivery and administrative expenses689 254 854 211 
Total gain$2,009 $1,329 $1,375 $130 
Summary of Fair Values and Classification in Condensed Consolidated Balance Sheets of Derivative Instruments The following table summarizes the fair values of the Company’s commodity derivative instruments and the classification of such instruments in the condensed consolidated balance sheets:
(in thousands)June 27, 2025December 31, 2024
Assets:
Prepaid expenses and other current assets$3,314 $2,472 
Other assets533 — 
Total assets$3,847 $2,472 
Summary of Gross Derivative Assets and Gross Commodity Derivative Assets and Liabilities in Condensed Consolidated Balance Sheets
The following table summarizes the Company’s gross commodity derivative instrument assets and gross commodity derivative instrument liabilities in the condensed consolidated balance sheets:

(in thousands)June 27, 2025December 31, 2024
Gross commodity derivative instrument assets$4,225 $2,472 
Gross commodity derivative instrument liabilities378 — 
Summary of Outstanding Commodity Derivative Instruments
The following table summarizes the Company’s outstanding commodity derivative instruments:

(in thousands)June 27, 2025December 31, 2024
Notional amount of outstanding commodity derivative instruments$53,033 $50,928 
Latest maturity date of outstanding commodity derivative instrumentsDecember 2026December 2025