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Derivative Financial Instruments (Tables) | 9 Months Ended
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Sep. 30, 2023
Summary of Derivative Instruments [Abstract] |
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 condensed consolidated balance sheets as of September 30, 2023 and December 31, 2022:
| September 30, 2023 |  | December 31, 2022
(In thousands) | Balance Sheet Account |  | Fair Value |  | Balance Sheet Account |  | Fair Value
Derivatives Designated as Hedging Instruments |  |  |  |  |  |  |
Asset derivatives: Aluminum futures contracts | Prepaid expenses and other |  | $ | — |  |  | Prepaid expenses and other |  | $ | 48 |
Liability derivatives: Aluminum futures contracts | Accrued expenses |  | (1,830) |  |  | Accrued expenses |  | (3,260) |
Aluminum futures contracts | Other non-current liabilities |  | (149) |  |  | Other non-current liabilities |  | (369) |
Net asset (liability) |  |  | $ | (1,979) |  |  |  |  | $ | (3,581) |
The table below summarizes the location and gross amounts of foreign currency forward contract fair values (Level 2) in the condensed consolidated balance sheets as of September 30, 2023 and December 31, 2022:
| September 30, 2023 |  | December 31, 2022
(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 |  | $ | 1,806 |  |  | Prepaid expenses and other |  |  | $ | 781 |
Foreign currency forward contracts | Other assets |  | 329 |  |  | Other assets |  |  | 33 |
Liability derivatives: Foreign currency forward contracts | Accrued expenses |  | (109) |  |  | Other non-current liabilities |  |  | (3) |
Foreign currency forward contracts | Other non-current liabilities |  | (89) |  |  | Other non-current liabilities |  |  | — |
Net asset (liability) |  |  | $ | 1,937 |  |  |  |  |  | $ | 811 |
Derivative, Description of Hedged Item | Terphane Ltda. had the following outstanding foreign exchange average forward rate contracts to purchase Brazilian Real and sell U.S. Dollars as of September 30, 2023:
USD Notional Amount (000s) | Average Forward Rate Contracted on USD/BRL | R$ Equivalent Amount (000s) | Applicable Month | Estimated % of Terphane Ltda. R$ Operating Cost Exposure Hedged
$2,013 | 5.7556 | R$11,586 | Oct-23 | 79%
$2,018 | 5.7836 | R$11,671 | Nov-23 | 79%
$1,786 | 5.8312 | R$10,414 | Dec-23 | 71%
$1,784 | 5.2993 | R$9,454 | Jan-24 | 73%
$1,766 | 5.3188 | R$9,393 | Feb-24 | 72%
$1,781 | 5.3346 | R$9,501 | Mar-24 | 73%
$1,827 | 5.3373 | R$9,751 | Apr-24 | 75%
$1,798 | 5.3588 | R$9,635 | May-24 | 74%
$1,812 | 5.3708 | R$9,732 | Jun-24 | 75%
$1,804 | 5.3848 | R$9,714 | Jul-24 | 75%
$1,806 | 5.4014 | R$9,755 | Aug-24 | 75%
$1,857 | 5.4107 | R$10,048 | Sep-24 | 77%
$1,851 | 5.4225 | R$10,037 | Oct-24 | 77%
$1,837 | 5.4403 | R$9,994 | Nov-24 | 77%
$1,801 | 5.4580 | R$9,830 | Dec-24 | 76%
$27,541 | 5.4651 | R$150,515 |  | 75%
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block] | The table below summarizes the location and gross amounts of aluminum futures contract fair values (Level 2) in the condensed consolidated balance sheets as of September 30, 2023 and December 31, 2022:
| September 30, 2023 |  | December 31, 2022
(In thousands) | Balance Sheet Account |  | Fair Value |  | Balance Sheet Account |  | Fair Value
Derivatives Designated as Hedging Instruments |  |  |  |  |  |  |
Asset derivatives: Aluminum futures contracts | Prepaid expenses and other |  | $ | — |  |  | Prepaid expenses and other |  | $ | 48 |
Liability derivatives: Aluminum futures contracts | Accrued expenses |  | (1,830) |  |  | Accrued expenses |  | (3,260) |
Aluminum futures contracts | Other non-current liabilities |  | (149) |  |  | Other non-current liabilities |  | (369) |
Net asset (liability) |  |  | $ | (1,979) |  |  |  |  | $ | (3,581) |
The table below summarizes the location and gross amounts of foreign currency forward contract fair values (Level 2) in the condensed consolidated balance sheets as of September 30, 2023 and December 31, 2022:
| September 30, 2023 |  | December 31, 2022
(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 |  | $ | 1,806 |  |  | Prepaid expenses and other |  |  | $ | 781 |
Foreign currency forward contracts | Other assets |  | 329 |  |  | Other assets |  |  | 33 |
Liability derivatives: Foreign currency forward contracts | Accrued expenses |  | (109) |  |  | Other non-current liabilities |  |  | (3) |
Foreign currency forward contracts | Other non-current liabilities |  | (89) |  |  | Other non-current liabilities |  |  | — |
Net asset (liability) |  |  | $ | 1,937 |  |  |  |  |  | $ | 811 |
Schedule Of Pretax Effect On Net Income (Loss) And Other Comprehensive Income (Loss) Of Derivative Instruments Classified As Cash Flow Hedges | The pre-tax 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, 2023 and 2022 is summarized in the table below:
| Cash Flow Derivative Hedges
| Three Months Ended September 30,
| Aluminum Futures Contracts |  | Foreign Currency Forwards
(In thousands) | 2023 |  | 2022 |  | 2023 |  | 2022
Amount of pre-tax gain (loss) recognized in other comprehensive income (loss) | $ | 2,908 |  |  | $ | (2,320) |  |  | $ | — |  | $ | (621) |  |  | $ | — |  |  | $ | 115 |
Location of gain (loss) reclassified from accumulated other comprehensive income (loss) into net income (effective portion) | Cost of goods sold |  | Cost of goods sold |  | Cost of goods sold | Selling, general & admin |  | Cost of goods sold |  | Selling, general & admin
Amount of pre-tax gain (loss) reclassified from accumulated other comprehensive income (loss) to net income (effective portion) | $ | 1,716 |  |  | $ | 837 |  |  | $ | 16 |  | $ | 1,024 |  |  | $ | 16 |  |  | $ | 306 |
| Nine Months Ended September 30,
| Aluminum Futures Contracts |  | Foreign Currency Forwards
| 2023 |  | 2022 |  | 2023 |  | 2022
Amount of pre-tax gain (loss) recognized in other comprehensive income (loss) | $ | 4,867 |  |  | $ | (6,060) |  |  | $ | — |  | $ | 2,985 |  |  | $ | — |  |  | $ | 2,177 |
Location of gain (loss) reclassified from accumulated other comprehensive income (loss) into net income (effective portion) | Cost of goods sold |  | Cost of goods sold |  | Cost of goods sold | Selling, general & admin |  | Cost of goods sold |  | Selling, general & admin
Amount of pre-tax gain (loss) reclassified from accumulated other comprehensive income (loss) to net income (effective portion) | $ | 3,273 |  |  | $ | 2,135 |  |  | $ | 46 |  | $ | 2,031 |  |  | $ | 46 |  |  | $ | 975 |

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- Definition Tabular disclosure of the effective portion of the gains and losses on derivative instruments designated (and non-derivative instruments) designated and qualifying in cash flow hedges and net investment hedges that was recognized in other comprehensive income (loss) during the current period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C + Details
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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 815 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-1A Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-1B Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-8 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4B Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-1 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-5 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C + Details
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