Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Oct. 03, 2020

Equity [Abstract]

Components of Accumulated Other Comprehensive Income (Loss)

The following table shows the components of accumulated other comprehensive income (loss) for the three and nine months ended October 3, 2020, and September 28, 2019 (in thousands):

	Aluminum
Three months ended October 3, 2020	Forward			MTP
(in thousands)	Contracts			Contracts			Total
Balance at July 4, 2020	$	(1,352	)	$	6		$	(1,346	)
Change in fair value of derivatives		1,452			111			1,563
Amounts reclassified from other comprehensive loss		680			(148	)		532
Tax effect		(533	)		9			(524	)
Net current-period other comprehensive income		1,599			(28	)		1,571
Balance at October 3, 2020	$	247		$	(22	)	$	225
	Aluminum
Nine months ended October 3, 2020	Forward			MTP
(in thousands)	Contracts			Contracts			Total
Balance at December 28, 2019	$	(238	)	$	—		$	(238	)
Change in fair value of derivatives		(2,152	)		32			(2,120	)
Amounts reclassified from other comprehensive loss		2,798			(61	)		2,737
Tax effect		(161	)		7			(154	)
Net current-period other comprehensive income		485			(22	)		463
Balance at October 3, 2020	$	247		$	(22	)	$	225

	Aluminum
Three months ended September 28, 2019	Forward
(in thousands)	Contracts			Total
Balance at June 29, 2019	$	(2,178	)	$	(2,178	)
Change in fair value of derivatives		(1,136	)		(1,136	)
Amounts reclassified from other comprehensive loss		1,532			1,532
Tax effect		(102	)		(102	)
Net current-period other comprehensive income		294			294
Balance at September 28, 2019	$	(1,884	)	$	(1,884	)
	Aluminum
Nine months ended September 28, 2019	Forward
(in thousands)	Contracts			Total
Balance at December 29, 2018	$	(3,065	)	$	(3,065	)
Change in fair value of derivatives		(2,083	)		(2,083	)
Amounts reclassified from other comprehensive loss		3,670			3,670
Tax effect		(406	)		(406	)
Net current-period other comprehensive income		1,181			1,181
Balance at September 28, 2019	$	(1,884	)	$	(1,884	)