v3.26.3
Commodity Derivative Instruments (Tables)
 9 Months Ended
Oct. 02, 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:
Third QuarterFirst Nine Months
(in thousands)2026202520262025
Cost of sales$3,064 $378 $(4,524)$899 
Selling, delivery and administrative expenses5,627 (84)12,481 770 
Total gain$8,691 $294 $7,957 $1,669 
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)October 2, 2026December 31, 2025
Assets:
Prepaid expenses and other current assets$13,108 $4,242 
Other assets464 — 
Total assets$13,572 $4,242 
Liabilities:
Other accrued liabilities$— $42 
Other liabilities1,415 — 
Total liabilities$1,415 $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)October 2, 2026December 31, 2025
Gross commodity derivative instrument assets$17,598 $4,994 
Gross commodity derivative instrument liabilities5,441 794 
Summary of Outstanding Commodity Derivative Instruments
The following table summarizes the Company’s outstanding commodity derivative instruments:

(in thousands)October 2, 2026December 31, 2025
AluminumFuelAluminumFuel
Net notional amount of outstanding commodity derivative instruments$1,120 $6,476 $15,129 $2,415 
Hedged via call and swap instruments59 t8,625 gal10 t7,500 gal
Hedged via put instruments67 t9,075 gal5 t9,900 gal
Latest maturity date of outstanding commodity derivative instrumentsDecember 2028December 2027December 2026December 2026