DERIVATIVES (Tables)

The table below summarizes the location and gross amounts of aluminum futures contract fair values (Level 2) in the condensed consolidated balance sheets as of June 30, 2026 and December 31, 2025:


		June 30, 2026		December 31, 2025
(In thousands)	Balance Sheet Account	Fair Value		Fair Value
Derivatives Designated as Hedging Instruments
Asset derivatives: Aluminum futures contracts	Prepaid expenses and other	$	1,305	$	1,392
Asset derivatives: Aluminum futures contracts	Other assets	2		—
Liability derivatives: Aluminum futures contracts	Accrued expenses	(567)		(4)
Aluminum futures contracts	Other non-current liabilities	(79)		(9)
Net asset (liability)		$	661	$	1,379

The pre-tax effect on net income (loss) and other comprehensive income (loss) of derivative instruments classified as cash flow hedges and described in the previous paragraphs for the three and six month periods ended June 30, 2026 and 2025 is summarized in the table below:


	Cash Flow Derivative Hedges
	Three Months Ended June 30,
	Aluminum Futures Contracts
(In thousands)	2026		2025
Amount of pre-tax gain (loss) recognized in other comprehensive income (loss)	$	1,170	$	750
Location of gain (loss) reclassified from accumulated other comprehensive income (loss) to net income (effective portion)	Cost of goods sold		Cost of goods sold
Amount of pre-tax gain (loss) reclassified from accumulated other comprehensive income (loss) to net income (effective portion)	$	2,985	$	(13)
	Six Months Ended June 30,
	Aluminum Futures Contracts
	2026		2025
Amount of pre-tax gain (loss) recognized in other comprehensive income (loss)	$	1,550	$	711
Location of gain (loss) reclassified from accumulated other comprehensive income (loss) into net income (effective portion)	Cost of goods sold		Cost of goods sold
Amount of pre-tax gain (loss) reclassified from accumulated other comprehensive income (loss) to net income (effective portion)	$	2,269	$	(31)