XML 61 R43.htm IDEA: XBRL DOCUMENT v3.25.0.1
Derivative Instruments and Hedging Activities (Tables)
 12 Months Ended
Dec. 28, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments Designated as Cash Flow Hedges Reflected in the Financial Statements The following table summarizes the location and fair value of the derivative instruments and disaggregates the net derivative assets and liabilities into gross components on a contract-by-contract basis:
 Asset DerivativesLiability Derivatives
   Fair Value Fair Value
(In thousands)Balance Sheet Location20242023Balance Sheet Location20242023
      
Commodity contracts - gains
Other current assets
$235 $589 
Other current liabilities
$42 $16 
Commodity contracts - losses
Other current assets
(62)(281)
Other current liabilities
(405)(383)
Total derivatives (1)
 $173 $308  $(363)$(367)
(1) Does not include the impact of cash collateral provided to counterparties.
Schedule of Fair Value Hedges
The following table summarizes the effects of derivative instruments on the Consolidated Statements of Income:

(In thousands)Location20242023
   
Undesignated derivatives:   
Loss on commodity contracts (nonqualifying)Cost of goods sold$(2,305)$(1,071)
Schedule of Activities Related to Derivative Instruments Classified as Cash Flow Hedges
The following tables summarize amounts recognized in and reclassified from AOCI during the period:

 For the Year Ended December 28, 2024
(In thousands)Gain Recognized in AOCI (Effective Portion), Net of TaxClassification Gains (Losses)Gain Reclassified from AOCI (Effective Portion), Net of Tax
Cash flow hedges:   
Commodity contracts$168 Cost of goods sold$(586)
Other14 Other— 
Total$182 Total$(586)

 For the Year Ended December 30, 2023
(In thousands)Gain (Loss) Recognized in AOCI (Effective Portion), Net of TaxClassification Gains (Losses)Gain Reclassified from AOCI (Effective Portion), Net of Tax
Cash flow hedges:   
Commodity contracts$1,180 Cost of goods sold$(2,419)
Other(34)Other— 
Total$1,146 Total$(2,419)