FINANCIAL DERIVATIVE INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

As of March 31, 2024 and December 31, 2023, the fair value carrying amount of the Company’s derivative instruments were recorded as follows (in thousands):

		Asset / (Liability) Derivatives
	Balance Sheet Caption	March 31, 2024		December 31, 2023
Derivatives designated as hedging instruments
Commodity swap contracts	Prepaid expenses and other	$	1,261	$	1,511
Commodity swap contracts	Accounts payable and Other accrued liabilities	(990)		(1,045)
Total derivatives designated as hedging instruments		$	271	$	466

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)

The following table summarizes the gain or loss recognized in AOCI as of March 31, 2024 and December 31, 2023 and the amounts reclassified from AOCI into earnings for the three months ended March 31, 2024 and 2023 (in thousands):

	Amount of (Loss) Gain Recognized in AOCI on Derivatives (Effective Portion, net of tax)				Location of Gain (Loss) Reclassified from AOCI into Earnings (Effective Portion)	Amount of Gain (Loss) Reclassified from AOCI into Earnings
	March 31, 2024		December 31, 2023			Three Months Ended March 31,
						2024		2023
Derivatives instruments
Commodity swap contracts	$	664	$	388	Cost of sales	$	(748)	$	487