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Quarterly Results (unaudited) (Tables)
 12 Months Ended
Dec. 29, 2017
Quarterly Financial Information Disclosure [Abstract]  
Schedule of quarterly results
The quarterly results of the Company for the fiscal years ended December 29, 2017 and December 30, 2016 are as follows:
 
 
Fiscal 2017
 
 
Q1
 
Q2
 
Q3 (1)
 
Q4 (2)
Net sales
 
$
287,690

 
$
331,656

 
$
325,076

 
$
357,098

Gross profit
 
73,904

 
82,596

 
80,905

 
91,973

Operating profit
 
3,121

 
12,163

 
10,494

 
15,349

Income before income taxes
 
(2,812
)
 
6,283

 
4,891

 
10,046

Net income
 
(1,642
)
 
3,674

 
2,851

 
9,483

Basic net income per share
 
(0.06
)
 
0.14

 
0.11

 
0.36

Diluted net income per share
 
(0.06
)
 
0.14

 
0.11

 
0.35

 
 
Fiscal 2016
 
 
Q1
 
Q2 (3)
 
Q3 (4)
 
Q4 (5)
Net sales
 
$
260,836

 
$
291,209

 
$
297,917

 
$
342,904

Gross profit
 
65,958

 
71,803

 
74,392

 
89,064

Operating profit
 
5,360

 
11,188

 
8,286

 
22,404

Income before income taxes
 
1,701

 
(14,479
)
 
2,299

 
16,155

Net income
 
993

 
(8,455
)
 
1,343

 
9,142

Basic net income per share
 
0.04

 
(0.33
)
 
0.05

 
0.35

Diluted net income per share
 
0.04

 
(0.33
)
 
0.05

 
0.34


(1)Beginning in the third quarter of 2017 the Company began to reflect the results of the Fells Point acquisition.
(2)The fourth quarter of 2017 includes a tax benefit of $3,573 related to the enactment of the Tax Act.
(3)
The Company refinanced its debt structure by entering into a new senior secured term loan. Proceeds were used to pay off its revolving credit facility and previous term loan resulting in a loss on extinguishment of debt of $22,310.
(4)Beginning in the third quarter of 2016 the Company began to reflect the results of the MT Food acquisition.
(5)The Company recorded income of $8,347 related to the revaluation of the Del Monte earn-out liabilities.