Accumulated Other Comprehensive Loss

6 Months Ended

Jul. 02, 2016

Equity [Abstract]

Accumulated Other Comprehensive Loss

NOTE 9. ACCUMULATED OTHER COMPREHENSIVE LOSS

The following table shows the components of accumulated other comprehensive loss for the three and six months ended July 4, 2015. There was no activity for the three and six months ended July 2, 2016:

	Aluminum
Three months ended July 4, 2015	Forward
(in thousands)	Contracts
Balance at April 4, 2015	$	(1,638	)
Amounts reclassified from accumulated other comprehensive loss		71
Tax effect		(28	)
Reversal of income tax allocation		1,595
Net current-period other comprehensive income		1,638
Balance at July 4, 2015	$	—

	Aluminum
Six months ended July 4, 2015	Forward
(in thousands)	Contracts
Balance at January 3, 2015	$	(1,671	)
Amounts reclassified from accumulated other comprehensive loss		126
Tax effect		(50	)
Reversal of income tax allocation		1,595
Net current-period other comprehensive income		1,671
Balance at July 4, 2015	$	—

The following table shows the reclassification out of accumulated other comprehensive loss for the three and six months ended July 4, 2015. There was no activity for the three and six months ended July 2, 2016:

	Amounts Reclassified From Accumulated Other Comprehensive Loss
	Three Months Ended July 4, 2015			Six Months Ended July 4, 2015			Affected Line Item in Statement Where Net Income is Presented
(in thousands)	Debit (Credit)
Aluminum forward contracts - effective portion	$	71		$	126		Cost of sales
Tax effect		(28	)		(50	)	Tax expense
Reversal of income tax allocation		1,595			1,595		Tax expense