Accumulated Other Comprehensive Loss

6 Months Ended

Jul. 04, 2020

Equity [Abstract]

Accumulated Other Comprehensive Loss

NOTE 15.  ACCUMULATED OTHER COMPREHENSIVE LOSS

The following table shows the components of accumulated other comprehensive loss for the three months ended July 4, 2020 and June 29, 2019 (in thousands):

	Aluminum
Three months ended July 4, 2020	Forward			MTP
(in thousands)	Contracts			Contracts			Total
Balance at April 4, 2020	$	(3,648	)	$	(40	)	$	(3,688	)
Change in fair value of derivatives		1,556			(26	)		1,530
Amounts reclassified from other comprehensive loss		1,506			87			1,593
Tax effect		(766	)		(15	)		(781	)
Net current-period other comprehensive income		2,296			46			2,342
Balance at July 4, 2020	$	(1,352	)	$	6		$	(1,346	)
	Aluminum
Six months ended July 4, 2020	Forward			MTP
(in thousands)	Contracts			Contracts			Total
Balance at December 28, 2019	$	(238	)	$	—		$	(238	)
Change in fair value of derivatives		(3,604	)		(79	)		(3,683	)
Amounts reclassified from other comprehensive loss		2,118			87			2,205
Tax effect		372			(2	)		370
Net current-period other comprehensive income		(1,114	)		6			(1,108	)
Balance at July 4, 2020	$	(1,352	)	$	6		$	(1,346	)

	Aluminum
Three months ended June 29, 2019	Forward
(in thousands)	Contracts			Total
Balance at March 30, 2019	$	(1,941	)	$	(1,941	)
Change in fair value of derivatives		(1,542	)		(1,542	)
Amounts reclassified from other comprehensive loss		1,223			1,223
Tax effect		82			82
Net current-period other comprehensive loss		(237	)		(237	)
Balance at June 29, 2019	$	(2,178	)	$	(2,178	)
	Aluminum
Six months ended June 29, 2019	Forward
(in thousands)	Contracts			Total
Balance at December 29, 2018	$	(3,065	)	$	(3,065	)
Change in fair value of derivatives		(947	)		(947	)
Amounts reclassified from other comprehensive loss		2,138			2,138
Tax effect		(304	)		(304	)
Net current-period other comprehensive loss		887			887
Balance at June 29, 2019	$	(2,178	)	$	(2,178	)