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DERIVATIVE FINANCIAL INSTRUMENTS (Tables) | 6 Months Ended
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Jun. 28, 2025
DERIVATIVE FINANCIAL INSTRUMENTS |
Schedule of fair value of derivative instruments | The fair value of derivative instruments as of June 28, 2025 and December 28, 2024 was as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Condensed Consolidated | ​ | June 28, | ​ | December 28,
Derivatives designated as hedging instruments: |  | Balance Sheets location | ​ | 2025 | ​ | 2024
Commodity contracts | ​ | Prepaid expenses and other current assets | ​ | $ | 2,032 | ​ | $ | 617
Commodity contracts | ​ | Other accrued expenses | ​ | ​ | — | ​ | ​ | (371)
Cross-currency swap contracts |  | Prepaid expenses and other current assets | ​ | ​ | — |  | ​ | 1,074
Cross-currency swap contracts |  | Other accrued expenses | ​ | ​ | (7,412) |  | ​ | —
​ | ​ | ​ | ​ | $ | (5,380) | ​ | $ | 1,320
Schedule of gains (losses) on derivatives recognized in the condensed consolidated statements of earnings | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Condensed Consolidated | ​ | Thirteen weeks ended | ​ | Twenty-six weeks ended
​ | ​ | Statements of | ​ | June 28, | ​ | June 29, | ​ | June 28, | ​ | June 29,
Derivatives designated as hedging instruments: | ​ | Operations location | ​ | 2025 |  | 2024 |  | 2025 |  | 2024
Commodity contracts | ​ | Product cost of sales | ​ | $ | 840 | ​ | $ | (397) | ​ | $ | (396) | ​ | $ | 559
Interest rate hedge amortization | ​ | Interest expense | ​ | ​ | (16) |  | ​ | (16) | ​ | ​ | (32) |  | ​ | (32)
Cross-currency swap contracts | ​ | Interest expense | ​ | ​ | 292 |  | ​ | 306 | ​ | ​ | 573 |  | ​ | 686
​ | ​ | ​ | ​ | $ | 1,116 | ​ | $ | (107) | ​ | $ | 145 | ​ | $ | 1,213
Cash Flow Hedging |
DERIVATIVE FINANCIAL INSTRUMENTS |
Schedule of notional amounts of outstanding derivative | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Notional | ​ | Total | ​ | ​
Commodity Type | ​ | Amount | ​ | Purchase Quantity | ​ | Maturity Dates
Hot-rolled coil steel | ​ | $ | 16,855 | ​ | 20,500 short tons |  | June 2025 to December 2025
Natural gas | ​ | ​ | 566 | ​ | 148,000 MMBtu | ​ | July 2025 to March 2026
Ultra-low-sulfur diesel fuel | ​ | ​ | 12,303 | ​ | 5,544,000 gallons | ​ | June 2025 to June 2027
Zinc | ​ | ​ | 7,791 | ​ | 2,880 metric tons | ​ | January 2026 to December 2027
Net Investment Hedging |
DERIVATIVE FINANCIAL INSTRUMENTS |
Schedule of notional amounts of outstanding derivative |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Notional | ​ | ​ | ​ | Swapped | ​ | Settlement
Currency | ​ | Amount | ​ | Termination Date | ​ | Interest Rate | ​ | Amount
Euro | ​ | $ | 80,000 | ​ | April 1, 2029 |  | 3.461% | ​ | € | 74,509

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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4CC -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4CC Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E + Details
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