Accumulated Other Comprehensive Income (Tables)

3 Months Ended

Apr. 02, 2022

Equity [Abstract]

Components of Accumulated Other Comprehensive Income

The following table shows the components of accumulated other comprehensive income for the three months ended April 2, 2022 and April 3, 2021 (in thousands):

Three months ended April 2, 2022	Aluminum			MTP
(in thousands)	Contracts			Contracts			Total
Balance at January 1, 2022	$	3,610		$	3,396		$	7,006
Change in fair value of derivatives		5,607			468			6,075
Amounts reclassified from other comprehensive income		(1,378	)		(684	)		(2,062	)
Tax effect		(1,055	)		25			(1,030	)
Net current-period other comprehensive income		3,174			(191	)		2,983
Balance at April 2, 2022	$	6,784		$	3,205		$	9,989

Three months ended April 3, 2021	Aluminum			MTP
(in thousands)	Contracts			Contracts			Total
Balance at January 2, 2021	$	2,403		$	317		$	2,720
Change in fair value of derivatives		4,083			4,205			8,288
Amounts reclassified from other comprehensive income		(1,388	)		(387	)		(1,775	)
Tax effect		(670	)		(948	)		(1,618	)
Net current-period other comprehensive income		2,025			2,870			4,895
Balance at April 3, 2021	$	4,428		$	3,187		$	7,615