Derivative Financial Instruments (Tables)

6 Months Ended

Jul. 01, 2012

Derivative Financial Instruments [Abstract]

Summary of net gains and losses

The following table summarizes Q2 2012 and Q2 2011 net gains and losses on the Company’s fuel and aluminum derivative financial instruments and the classification, either as cost of sales or selling, delivery and administrative (“S,D&A”) expenses, of such net gains and losses in the consolidated statements of operations:

		Second Quarter
In Thousands	Classification of Gain (Loss)	2012		2011
Fuel hedges – contract premium and contract settlement	S,D&A expenses	$	0	$	(105	)
Fuel hedges – mark-to-market adjustment	S,D&A expenses		0		(25	)
Aluminum hedges – contract premium and contract settlement	Cost of sales		0		783
Aluminum hedges – mark-to-market adjustment	Cost of sales		0		(1,708	)
Total Net Gain (Loss)		$	0	$	(1,055	)

The following table summarizes YTD 2012 and YTD 2011 net gains and losses on the Company’s fuel and aluminum derivative financial instruments and the classification, either as cost of sales or selling, delivery and administrative (“S,D&A”) expenses, of such net gains and losses in the consolidated statements of operations:

		First Half
In Thousands	Classification of Gain (Loss)	2012		2011
Fuel hedges – contract premium and contract settlement	S,D&A expenses	$	0	$	66
Fuel hedges – mark-to-market adjustment	S,D&A expenses		0		(171	)
Aluminum hedges – contract premium and contract settlement	Cost of sales		0		1,304
Aluminum hedges – mark-to-market adjustment	Cost of sales		0		(2,216	)
Total Net Gain (Loss)		$	0	$	(1,017	)

Summary of fair values and classification in the consolidated balance sheets of derivative instruments

The following table summarizes the fair values and classification in the consolidated balance sheets of derivative instruments held by the Company as of July 1, 2012, January 1, 2012 and July 3, 2011:

	Balance Sheet	July 1,		Jan. 1,		July 3,
In Thousands	Classification	2012		2012		2011
Unamortized cost of fuel hedging agreements	Prepaid expenses and other current assets	$	0	$	0	$	526
Aluminum hedges at fair market value	Prepaid expenses and other current assets		0		0		4,450
Unamortized cost of aluminum hedging agreements	Prepaid expenses and other current assets		0		0		1,316
Total		$	0	$	0	$	6,292