XML 60 R44.htm IDEA: XBRL DOCUMENT v3.5.0.2
ACQUISITIONS (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 6 Months Ended
Apr. 24, 2015
Jan. 30, 2015
Jul. 04, 2015
Jul. 04, 2015
Landshire and Better Bakery        
Pro forma        
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
Landshire        
Consideration for the acquisition        
Cash   $ 41,552    
Other accrued liabilities   19,293    
Purchase price   60,845    
Allocation of purchase price        
Current assets   4,763    
Property, plant and equipment   12,037    
Goodwill   14,506    
Assumed liabilities   (561)    
Net assets acquired   60,845    
Pro forma        
Sales since acquisition date       $ 18,799
Net income since acquisition date       3,503
Landshire | Other Expense        
Acquisition costs classified as other expense, net        
Acquisition-related legal and professional fees     $ 59 420
Landshire | Customer relationships        
Allocation of purchase price        
Other intangibles acquired   $ 20,800    
Estimated useful life   15 years    
Landshire | Trade names and trademarks        
Allocation of purchase price        
Other intangibles acquired   $ 8,600    
Estimated useful life   19 years    
Landshire | Non-compete agreements        
Allocation of purchase price        
Other intangibles acquired   $ 700    
Estimated useful life   3 years    
Better Bakery        
Consideration for the acquisition        
Cash $ 30,931      
Purchase price 30,931      
Allocation of purchase price        
Current assets 5,704      
Property, plant and equipment 2,115      
Goodwill 9,940      
Assumed liabilities (7,228)      
Net assets acquired 30,931      
Pro forma        
Sales since acquisition date     2,297 2,297
Net income since acquisition date     293 293
Better Bakery | Other Expense        
Acquisition costs classified as other expense, net        
Acquisition-related legal and professional fees     $ 44 $ 250
Better Bakery | Customer relationships        
Allocation of purchase price        
Other intangibles acquired $ 10,400      
Estimated useful life 15 years      
Better Bakery | Trade names and trademarks        
Allocation of purchase price        
Other intangibles acquired $ 9,600      
Estimated useful life 17 years      
Better Bakery | Non-compete agreements        
Allocation of purchase price        
Other intangibles acquired $ 400      
Estimated useful life 4 years