v3.26.1
Commodity Derivative Instruments (Tables)
 3 Months Ended
Apr. 03, 2026
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:
First Quarter
(in thousands)20262025
Cost of sales$2,498 $(799)
Selling, delivery and administrative expenses10,377 165 
Total gain (loss)$12,875 $(634)
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)April 3, 2026December 31, 2025
Assets:
Prepaid expenses and other current assets$16,634 $4,242 
Other assets561 — 
Total assets$17,195 $4,242 
Liabilities:
Other liabilities$120 $— 
Other accrued liabilities— 42 
Total liabilities$120 $42 
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)April 3, 2026December 31, 2025
Gross commodity derivative instrument assets$24,838 $4,994 
Gross commodity derivative instrument liabilities7,763 794 
Summary of Outstanding Commodity Derivative Instruments
The following table summarizes the Company’s outstanding commodity derivative instruments:

(in thousands)April 3, 2026December 31, 2025
Notional amount of outstanding commodity derivative instruments$7,753 $12,714 
Latest maturity date of outstanding commodity derivative instrumentsJune 2027December 2026