SEGMENT INFORMATION

9 Months Ended

12 Months Ended

Oct. 01, 2016

Jan. 02, 2016

Segment Reporting [Abstract]

SEGMENT INFORMATION

20. SEGMENT INFORMATION

We operate in four reportable segments: Foodservice, Retail, Convenience and Industrial.

The Foodservice segment supplies the diverse US “food-away-from-home” industry. Our foodservice customers include leading national and regional distributors with whom we have long-standing and collaborative relationships. We supply 95 of the largest 100 school districts in the U.S., working closely with schools to develop nutritious meal options with good quality and value. Our diverse portfolio of products includes ready-to-eat sandwiches, such as breakfast sandwiches and PB&J sandwiches, sandwich components, such as Philly steaks and fully-cooked hamburger-patties, and other entrées and snacks, such as country-fried steak, stuffed entrées and chicken tenders.

The Retail segment supplies national and regional grocery chains, major warehouse club stores, mass retailers and dollar stores. We sell both branded and private label ready-to-eat sandwiches, such as grilled chicken sandwiches and stuffed pockets, sandwich components, such as chicken patties and Philly steaks and other entrées and snacks such as, stuffed chicken breasts.

Customers in our Convenience segment include national and regional convenience chains and vending providers. In the Convenience segment, we sell customized ready-to-eat sandwiches, such as breakfast sandwiches and burgers, sandwich components, such as chicken patties and other entrées and snacks, such as cinnamon dough bites.

The Industrial segment primarily supplies other food producers, such as packaged food companies under short-term co-manufacturing agreements.

Segment performance is evaluated by our chief operating decision maker (“CODM”) and is based on net sales and operating income. Unallocated corporate income (expenses) primarily relate to executive management, finance and legal functions and refinancing related charges.

The following summarizes our net sales and operating income by reportable segment:

	Fiscal Quarter Ended						Fiscal Year to Date Ended
	October 1, 2016			October 3, 2015			October 1, 2016			October 3, 2015
Net sales
Foodservice	$	222,591		$	233,454		$	630,082		$	671,376
Retail		94,559			87,645			303,239			297,551
Convenience		56,465			50,649			167,637			150,300
Industrial		20,039			35,422			57,878			106,330
Total	$	393,654		$	407,170		$	1,158,836		$	1,225,557
Operating income (expenses)
Foodservice	$	44,957		$	38,095		$	121,579		$	97,988
Retail		10,296			3,058			29,267			21,570
Convenience		9,514			6,720			27,319			21,683
Industrial		970			(181	)		1,585			888
Unallocated corporate expenses, net		(26,465	)		(6,123	)		(52,313	)		(31,999	)
Total	$	39,272		$	41,569		$	127,437		$	110,130

We manage assets on a total company basis, not by operating segment. Our CODM does not regularly review any asset information by operating segment and, accordingly, we do not report asset information by operating segment. Total assets were approximately $1.2 billion and $1.1 billion at October 1, 2016 and January 2, 2016, respectively.

Net sales by product category were as follows:

	Fiscal Quarter Ended				Fiscal Year to Date Ended
	October 1, 2016		October 3, 2015		October 1, 2016		October 3, 2015
Net sales
Sandwiches	$	112,583	$	113,953	$	353,478	$	345,494
Sandwich components		147,875		162,100		419,815		472,170
Other entrees and snacks		133,196		131,117		385,543		407,893
Total	$	393,654	$	407,170	$	1,158,836	$	1,225,557

20. SEGMENT INFORMATION

The Company operates in four reportable segments: Foodservice, Retail, Convenience and Industrial.

The Foodservice segment supplies the diverse US “food-away-from-home” industry. The Company’s foodservice customers include leading national and regional distributors with whom we have long-standing and collaborative relationships. The Company supplies to 89 of the largest 100 school districts, working closely with schools to develop nutritious meal options with good quality and value. The Company’s diverse portfolio of products includes ready-to-eat sandwiches, such as breakfast sandwiches and PB&J sandwiches, sandwich components, such as Philly steaks and fully-cooked hamburger-patties, and other entrées and snacks, such as country-fried steak, stuffed entrées and chicken tenders.

The Retail segment supplies national and regional grocery chains, major warehouse club stores, mass retailers and dollar stores. The Company sells both branded and private label ready-to-eat sandwiches, such as grilled chicken sandwiches and stuffed pockets, sandwich components, such as chicken patties and Philly steaks and other entrées and snacks such as, stuffed chicken breasts.

The Convenience segment customers include national and regional convenience chains and vending providers. In the Convenience segment, the Company sells customized ready-to-eat sandwiches, such as breakfast sandwiches and burgers, sandwich components, such as chicken patties and other entrées and snacks, such as cinnamon dough bites.

The Industrial segment primarily supplies other food producers, such as packaged food companies under short-term co-manufacturing agreements.

Segment performance is evaluated by the Company’s chief operating decision maker (“CODM”) and is based on net sales and operating income. Unallocated corporate income (expense) includes executive management, finance and legal functions and refinancing related charges.

The following summarizes Net sales and Operating income by reportable segments:

	Fiscal 2015			Fiscal 2014			Fiscal 2013
Net sales
Foodservice	$	886,095		$	829,563		$	740,854
Retail		395,941			399,621			378,970
Convenience		201,845			159,659			138,623
Industrial		127,730			188,784			233,551
Total	$	1,611,611		$	1,577,627		$	1,491,998
Operating income
Foodservice	$	134,287		$	70,592		$	56,663
Retail		28,543			13,488			6,418
Convenience		29,776			18,230			14,806
Industrial		2,767			1,998			1,626
Unallocated corporate expenses, net		(44,966	)		(28,229	)		(25,599	)
Total	$	150,407		$	76,079		$	53,914

The Company manages assets on a total company basis, not by operating segment. The CODM does not receive any asset information by operating segment and, accordingly, the Company does not report asset information by operating segment.

The following summarizes Net sales by product category:

	Fiscal 2015		Fiscal 2014		Fiscal 2013
Net sales
Sandwiches	$	455,107	$	412,009	$	388,579
Sandwich components		630,928		610,780		574,998
Other entrées and snacks		525,576		554,838		528,421
Total	$	1,611,611	$	1,577,627	$	1,491,998