XML 45 R29.htm IDEA: XBRL DOCUMENT v3.5.0.2
ACQUISITIONS (Tables)
 6 Months Ended
Jul. 02, 2016
ACQUISITIONS  
Schedule of consideration

 

 

 

 

Better

 

 

 

Landshire

 

Bakery

 

Cash

 

$
41,552 

 

$
30,931 

 

Other accrued liabilities

 
19,293 

 

—

 

 

 

 

 

 

 

Purchase price

 

$
60,845 

 

$
30,931 

 

 

 

 

 

 

 

 

 

 

Schedule of the net purchase prices allocated to assets acquired and liabilities assumed

 

 

Landshire

 

Better
Bakery

 

Current assets

 

$
4,763

 

$
5,704

 

Property, plant and equipment

 
12,037

 
2,115

 

Other intangibles:

 

 

 

 

 

Customer relationships (15-year estimated useful life)

 
20,800

 
10,400

 

Landmark trade names and trademarks (19-year weighted average lives)

 
8,600

 

—

 

Better Bakery trade names and trademarks (17-year weighted average lives)

 

—

 
9,600

 

Non-compete agreements (useful lives of 3 and 4 years respectively)

 
700

 
400

 

Goodwill

 
14,506

 
9,940

 

Assumed liabilities

 
(561

)
(7,228

)

 

 

 

 

 

 

Net assets acquired

 

$
60,845

 

$
30,931

 

 

 

 

 

 

 

 

 

 

Summary of supplemental pro forma financial information

 

 

Fiscal
Quarter

 

Year to date

 

 

 

Ended July 4, 2015

 

Net sales

 

$
393,189 

 

$
826,116 

 

Net income

 

$
3,052 

 

$
17,092 

 

Earnings per share - basic

 

$
0.04 

 

$
0.21 

 

Earnings per share - diluted

 

$
0.04 

 

$
0.21