Aluminum

Forward

MTP

(in thousands)

Contracts

Total

Accumulated other comprehensive income at January 2, 2021

$

2,403

$

317

$

2,720

Change in fair value of derivatives

14,012

10,443

24,455

Amounts reclassified from accumulated other comprehensive earnings

(12,373

)

(6,265

)

(18,638

)

Tax effect

(432

)

(1,099

)

(1,531

)

Net current-period other comprehensive income

1,207

3,079

4,286

Accumulated other comprehensive income at January 1, 2022

$

3,610

$

3,396

$

7,006

Accumulated other comprehensive income at January 1, 2022

$

3,610

$

3,396

$

7,006

Change in fair value of derivatives

(7,732

)

42

(7,690

)

Amounts reclassified from accumulated other comprehensive earnings

2,903

(4,341

)

(1,438

)

Tax effect

1,219

1,126

2,345

Net current-period other comprehensive loss

(3,610

)

(3,173

)

(6,783

)

Accumulated other comprehensive income at December 31, 2022

$

-

$

223

$

223

Accumulated other comprehensive income at December 31, 2022

$

-

$

223

$

223

Change in fair value of derivatives

(361

)

(94

)

(455

)

Amounts reclassified from accumulated other comprehensive earnings

618

(206

)

412

Tax effect

(66

)

77

11

Net current-period other comprehensive loss

191

(223

)

(32

)

Accumulated other comprehensive income at December 30, 2023

$

191

$

-

$

191