Quarterly report pursuant to Section 13 or 15(d)

Equity and Accumulated Other Comprehensive Income (Tables)

v3.23.2
Equity and Accumulated Other Comprehensive Income (Tables)
 6 Months Ended
Jul. 01, 2023
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Loss
Common Stock
The Hillman Solutions Corp. has one class of common stock.
Accumulated Other Comprehensive Income (Loss)
The following is detail of the changes in the Company's accumulated other comprehensive income (loss) from December 25, 2021 to July 1, 2023, including the effect of significant reclassifications out of accumulated other comprehensive income (loss) (net of tax):
Accumulated Other Comprehensive Income (Loss)
Balance at December 25, 2021
 $ (27,154)
Other comprehensive income before reclassifications 10,524 
Amounts reclassified from other comprehensive income (4,394)
Net current period other comprehensive income (1)
6,130 
Balance at December 31, 2022
 (21,024)
Other comprehensive income before reclassifications 6,262 
Amounts reclassified from other comprehensive income (2)
(7,319)
Net current period other comprehensive income (1,057)
Balance at July 1, 2023
 $ (22,081)
1.During the year ended December 31, 2022, the Company deferred a gain of $22,771, reclassified a gain of $4,394 and net of tax of $4,631 into other comprehensive loss due to hedging activities. The amounts reclassified out of other comprehensive loss were recorded as interest expense. See Note 14 - Derivatives and Hedging for additional information on the interest rate swaps.
2.During the twenty-six weeks ended July 1, 2023, the Company deferred a gain of $2,601, reclassified a gain of $7,319 net of tax of $1,184 into other comprehensive loss due to hedging activities. The amounts reclassified out of other comprehensive loss were recorded as interest expense. See Note 14 - Derivatives and Hedging for additional information on the interest rate swaps.