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Derivative Financial Instruments (Tables)
 9 Months Ended
Sep. 27, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Pre-Tax Changes in Fair Value The following table summarizes pre-tax changes in the fair values of the Company’s commodity derivative instruments and the classification of such changes in the condensed consolidated statements of operations:
Third QuarterFirst Nine Months
(in thousands)2020201920202019
Cost of sales$1,194 $487 $924 $(482)
Selling, delivery and administrative expenses575 (74)(949)2,575 
Total gain (loss)$1,769 $413 $(25)$2,093 
Summary of Fair Values and Classification in Condensed Consolidated Balance Sheets of Derivative Instruments The
following table summarizes the fair values of the Company’s commodity derivative instruments and the classification of such instruments in the condensed consolidated balance sheets:

(in thousands)September 27, 2020December 29, 2019
Assets:
Prepaid expenses and other current assets$1,049 $1,007 
Total assets$1,049 $1,007 
Liabilities:
Other accrued liabilities$1,376 $1,174 
Total liabilities$1,376 $1,174 
Summary of Gross Derivative Assets and Gross Commodity Derivative Assets and Liabilities in Condensed Consolidated Balance Sheets
The following table summarizes the Company’s gross commodity derivative instrument assets and gross commodity derivative instrument liabilities in the condensed consolidated balance sheets:

(in thousands)September 27, 2020December 29, 2019
Gross commodity derivative instrument assets$1,049 $3,298 
Gross commodity derivative instrument liabilities1,376 3,465 
Summary of Outstanding Commodity Derivative Instruments
The following table summarizes the Company’s outstanding commodity derivative instruments:

(in thousands)September 27, 2020December 29, 2019
Notional amount of outstanding commodity derivative instruments$73,010 $171,699 
Latest maturity date of outstanding commodity derivative instrumentsDecember 2020December 2020