Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2019

Derivatives, Fair Value [Line Items]

Summary Of Location And Fair Value Of Derivative Financial Instruments

The table below summarizes the location and gross amounts of aluminum futures contract fair values (Level 2) in the consolidated balance sheets as of September 30, 2019 and December 31, 2018:

	September 30, 2019				December 31, 2018
(In thousands)	Balance Sheet Account	Fair Value			Balance Sheet Account	Fair Value
Derivatives Designated as Hedging Instruments
Asset derivatives: Aluminum futures contracts	Accrued expenses	$	—		Accrued expenses	$	20
Liability derivatives: Aluminum futures contracts	Accrued expenses	(1,478		)	Accrued expenses	(1,650		)
Net asset (liability)		$	(1,478	)		$	(1,630	)

The table below summarizes the location and gross amounts of foreign currency forward contract fair values (Level 2) in the consolidated balance sheets as of September 30, 2019 and December 31, 2018:

	September 30, 2019				December 31, 2018
(In Thousands)	Balance Sheet Account	Fair Value			Balance Sheet Account	Fair Value
Derivatives Designated as Hedging Instruments
Asset derivatives: Foreign currency forward contracts	Prepaid expenses and other	$	—		Prepaid expenses and other	$	37
Liability derivatives: Foreign currency forward contracts	Accrued expenses	(1,857		)	Accrued expenses	(1,090		)
Net asset (liability)		$	(1,857	)		$	(1,053	)

Schedule Of Pretax Effect On Net Income (Loss) And Other Comprehensive Income (Loss) Of Derivative Instruments Classified As Cash Flow Hedges

The pretax effect on net income (loss) and other comprehensive income (loss) of derivative instruments classified as cash flow hedges and described in the previous paragraphs for the three and nine month periods ended September 30, 2019 and 2018 is summarized in the table below:

(In thousands)	Cash Flow Derivative Hedges
	Three Months Ended September 30,
	Aluminum Futures Contracts						Foreign Currency Forwards
	2019			2018			2019		2019			2018		2018
Amount of pretax gain (loss) recognized in other comprehensive income (loss)	$	(449	)	$	(1,176	)	$	—	$	(1,501	)	$	—	(1,353	)
Location of gain (loss) reclassified from accumulated other comprehensive income (loss) into net income (effective portion)	Cost of sales			Cost of sales			Cost of sales		Selling, general & admin			Cost of sales		Selling, general & admin
Amount of pretax gain (loss) reclassified from accumulated other comprehensive income (loss) to net income effective portion)	$	(816	)	$	300		$	15	$	(101	)	$	15	(807	)
	Nine Months Ended September 30,
	Aluminum Futures Contracts						Foreign Currency Forwards
	2019			2018			2019		2019			2018		2018
Amount of pre-tax gain (loss) recognized in other comprehensive income (loss)	$	(1,887	)	$	(111	)	$	—	$	(1,598	)	$	—	(3,032	)
Location of gain (loss) reclassified from accumulated other comprehensive income (loss) into net income (effective portion)	Cost of sales			Cost of sales			Cost of sales		Selling, general & admin			Cost of sales		Selling, general & admin
Amount of pre-tax gain (loss) reclassified from accumulated other comprehensive income (loss) to net income (effective portion)	$	(2,039	)	$	1,244		$	46	$	(661	)	$	46	(1,226	)