Accumulated Other Comprehensive Income (Tables)

3 Months Ended

Apr. 01, 2023

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 1, 2023 and April 2, 2022 (in thousands):

Three months ended April 1, 2023	Aluminum			MTP
(in thousands)	Contracts			Contracts			Total
Balance at December 31, 2022	$	—		$	223		$	223
Increase in fair value of derivatives		212			100			312
Amounts reclassified from accumulated other comprehensive income		—			(140	)		(140	)
Tax effect		(55	)		10			(45	)
Net current-period other comprehensive income (loss)		157			(30	)		127
Balance at April 1, 2023	$	157		$	193		$	350

Three months ended April 2, 2022	Aluminum			MTP
(in thousands)	Contracts			Contracts			Total
Balance at January 1, 2022	$	3,610		$	3,396		$	7,006
Increase 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 (loss)		3,174			(191	)		2,983
Balance at April 2, 2022	$	6,784		$	3,205		$	9,989