DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 28, 2025

DERIVATIVE FINANCIAL INSTRUMENTS

Schedule of fair value of derivative instruments

The fair value of derivative instruments as of June 28, 2025 and December 28, 2024 was as follows:

	Condensed Consolidated	June 28,		December 28,
Derivatives designated as hedging instruments:	Balance Sheets location	2025		2024
Commodity contracts	Prepaid expenses and other current assets	$	2,032	$	617
Commodity contracts	Other accrued expenses		—		(371)
Cross-currency swap contracts	Prepaid expenses and other current assets		—		1,074
Cross-currency swap contracts	Other accrued expenses		(7,412)		—
		$	(5,380)	$	1,320

Schedule of gains (losses) on derivatives recognized in the condensed consolidated statements of earnings

	Condensed Consolidated	Thirteen weeks ended				Twenty-six weeks ended
	Statements of	June 28,		June 29,		June 28,		June 29,
Derivatives designated as hedging instruments:	Operations location	2025		2024		2025		2024
Commodity contracts	Product cost of sales	$	840	$	(397)	$	(396)	$	559
Interest rate hedge amortization	Interest expense		(16)		(16)		(32)		(32)
Cross-currency swap contracts	Interest expense		292		306		573		686
		$	1,116	$	(107)	$	145	$	1,213

Cash Flow Hedging

DERIVATIVE FINANCIAL INSTRUMENTS

Schedule of notional amounts of outstanding derivative

	Notional		Total
Commodity Type	Amount		Purchase Quantity	Maturity Dates
Hot-rolled coil steel	$	16,855	20,500 short tons	June 2025 to December 2025
Natural gas		566	148,000 MMBtu	July 2025 to March 2026
Ultra-low-sulfur diesel fuel		12,303	5,544,000 gallons	June 2025 to June 2027
Zinc		7,791	2,880 metric tons	January 2026 to December 2027

Net Investment Hedging

DERIVATIVE FINANCIAL INSTRUMENTS

Schedule of notional amounts of outstanding derivative

	Notional			Swapped	Settlement
Currency	Amount		Termination Date	Interest Rate	Amount
Euro	$	80,000	April 1, 2029	3.461%	€	74,509