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Commodity Derivative Instruments (Tables)
 9 Months Ended
Sep. 27, 2024
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)2024202320242023
Cost of sales$1,426 $(25)$1,345 $(1,517)
Selling, delivery and administrative expenses(631)703 (420)(2,211)
Total gain (loss)$795 $678 $925 $(3,728)
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, 2024December 31, 2023
Assets:
Prepaid expenses and other current assets$4,087 $3,747 
Other assets585 — 
Total assets$4,672 $3,747 
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, 2024December 31, 2023
Gross commodity derivative instrument assets$4,672 $3,747 
Gross commodity derivative instrument liabilities— — 
Summary of Outstanding Commodity Derivative Instruments
The following table summarizes the Company’s outstanding commodity derivative instruments:

(in thousands)September 27, 2024December 31, 2023
Notional amount of outstanding commodity derivative instruments$61,455 $50,187 
Latest maturity date of outstanding commodity derivative instrumentsDecember 2025December 2024