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Fair Value (Tables)
9 Months Ended
Oct. 03, 2020
Fair Value Disclosures [Abstract]  
Schedule of Fair Value on Recurring Basis

The following are measured in the condensed consolidated financial statements at fair value on a recurring basis and are categorized in the table below based upon the lowest level of significant input to the valuation (in thousands):

 

 

Fair Value Measurements

 

 

Assets (Liabilities)

 

 

 

 

 

 

Quoted

 

 

Significant

 

 

 

 

 

 

 

 

 

 

Prices in

 

 

Other

 

 

Significant

 

 

 

 

 

 

Active

 

 

Observable

 

 

Unobservable

 

 

October 3,

 

 

Markets

 

 

Inputs

 

 

Inputs

 

 

 

2020

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

Description

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aluminum forward contracts

$

330

 

 

$

 

 

$

330

 

 

$

 

MTP contracts

 

(30

)

 

 

 

 

 

(30

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

300

 

 

$

 

 

$

300

 

 

$

 

 

 

Fair Value Measurements

 

 

Assets (Liabilities)

 

 

 

 

 

 

Quoted

 

 

Significant

 

 

 

 

 

 

 

 

 

 

Prices in

 

 

Other

 

 

Significant

 

 

 

 

 

 

Active

 

 

Observable

 

 

Unobservable

 

 

December 28,

 

 

Markets

 

 

Inputs

 

 

Inputs

 

 

2019

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

Description

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aluminum forward contracts

$

(317

)

 

$

 

 

$

(317

)

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

(317

)

 

$

 

 

$

(317

)

 

$