Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2023

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Summary of Amount Recognized as and Reclassified from Accumulated Other Comprehensive Income (Loss)

The change in the fair value of the cash flow contracts is recorded as a component of accumulated other comprehensive loss. The balances as of June 30, 2023 and 2022 and the amounts recognized as and reclassified from accumulated other comprehensive loss for each of the periods are summarized below. Amounts are after tax where applicable. Certain amounts recognized as comprehensive income (loss) or reclassified from accumulated other comprehensive loss have no tax effect due to the Corporation having a valuation allowance recorded against the deferred income tax assets for the jurisdiction where the income or expense is recognized.

Three Months Ended June 30, 2023	Beginning of the Period		Recognized			Reclassified		End of the Period
Foreign currency purchase contracts	$	102	$	-		$	8	$	94
Futures contracts – copper and aluminum		114		(278	)		65		(229	)
	$	216	$	(278	)	$	73	$	(135	)
Three Months Ended June 30, 2022
Foreign currency purchase contracts	$	128	$	-		$	6	$	122
Futures contracts – copper and aluminum		497		(1,001	)		158		(662	)
	$	625	$	(1,001	)	$	164	$	(540	)
Six Months Ended June 30, 2023
Foreign currency purchase contracts	$	108	$	-		$	14	$	94
Futures contracts – copper and aluminum		44		(100	)		173		(229	)
	$	152	$	(100	)	$	187	$	(135	)
Six Months Ended June 30, 2022
Foreign currency purchase contracts	$	135	$	-		$	13	$	122
Futures contracts – copper and aluminum		142		(558	)		246		(662	)
	$	277	$	(558	)	$	259	$	(540	)

Summary of Change in Fair Value Reclassified or Expected to be Reclassified from Accumulated Other Comprehensive Loss to Earnings

The change in fair value reclassified or expected to be reclassified from accumulated other comprehensive loss to earnings is summarized below. All amounts are pre-tax.

	Location of Gain (Loss) in Statements	Estimated to be Reclassified in the Next 12 Months			Three Months Ended June 30,				Six Months Ended June 30,
	of Operations				2023		2022		2023		2022
Foreign currency purchase contracts	Depreciation and amortization	$	28		$	8	$	6	$	14	$	13
Futures contracts – copper and aluminum	Costs of products sold (excluding depreciation and amortization)	$	(238	)	$	68	$	163	$	179	$	254