v3.26.1
Commodity Derivative Instruments (Tables)
 6 Months Ended
Jul. 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:
Second QuarterFirst Half
(in thousands)2026202520262025
Cost of sales$(10,086)$1,320 $(7,588)$521 
Selling, delivery and administrative expenses(3,523)689 6,854 854 
Total (loss) gain$(13,609)$2,009 $(734)$1,375 
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)July 3, 2026December 31, 2025
Assets:
Prepaid expenses and other current assets$6,525 $4,242 
Other assets288 — 
Total assets$6,813 $4,242 
Liabilities:
Other accrued liabilities$1,446 $42 
Other liabilities1,901 — 
Total liabilities$3,347 $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)July 3, 2026December 31, 2025
Gross commodity derivative instrument assets$13,213 $4,994 
Gross commodity derivative instrument liabilities9,747 794 
Summary of Outstanding Commodity Derivative Instruments
The following table summarizes the Company’s outstanding commodity derivative instruments:

(in thousands)July 3, 2026December 31, 2025
AluminumFuelAluminumFuel
Net notional amount of outstanding commodity derivative instruments$2,838 $3,065 $15,129 $2,415 
Hedged via call and swap instruments67 t11,430 gal10 t7,500 gal
Hedged via put instruments74 t14,310 gal5 t9,900 gal
Latest maturity date of outstanding commodity derivative instrumentsDecember 2028December 2027December 2026December 2026