FINANCIAL DERIVATIVE INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2026

Derivative Instruments and Hedging Activities Disclosure [Abstract]

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

As of June 30, 2026 and December 31, 2025, the fair value carrying amount of the Company’s derivative instruments were recorded as follows (in thousands):


		Asset / (Liability) Derivatives
	Balance Sheet Caption	June 30, 2026		December 31, 2025
Derivatives designated as hedging instruments
Commodity swap contracts	Prepaid expenses and other	$	1,245	$	1,422
Commodity swap contracts	Accounts payable and Other accrued liabilities	(4,271)		(26)
Total derivatives designated as hedging instruments		$	(3,026)	$	1,396

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 June 30, 2026 and December 31, 2025 and the amounts reclassified from AOCI into earnings for the three and six months ended June 30, 2026 and 2025 (in thousands):


	Amount of Gain (Loss) 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

	June 30, 2026		December 31, 2025			Three Months Ended June 30,				Six Months Ended June 30,
						2026		2025		2026		2025
Derivatives instruments
Commodity swap contracts	$	(2,534)	$	839	Cost of sales	$	1,485	$	437	$	2,479	$	(167)

WABASH NATIONAL Corp 10-Q