Business Segment Information (Tables)

12 Months Ended

Jun. 30, 2018

Segment Net Sales By Class Of Similar Products

The following table sets forth net sales contributed by each class of similar products in each of the years ended June 30:



	2018		2017		2016
Retail
Frozen breads	$	252,186	$	253,965	$	240,799
Refrigerated dressings, dips and other	226,276		221,422		212,640
Shelf-stable dressings and croutons	171,772		166,030		165,945
Total Retail net sales	$	650,234	$	641,417	$	619,384
Foodservice
Dressings and sauces	$	430,944	$	427,017	$	435,747
Frozen breads and other	141,747		133,408		135,978
Total Foodservice net sales	$	572,691	$	560,425	$	571,725
Total net sales	$	1,222,925	$	1,201,842	$	1,191,109

Summary Of Financial Information Attributable To Reportable Segments

The following sets forth certain additional financial information attributable to our reportable segments, certain amounts not allocated among our reportable segments and amounts retained at the corporate level for the years ended June 30:



	2018			2017			2016
Net Sales ^{(1) (2)}
Retail	$	650,234		$	641,417		$	619,384
Foodservice	572,691			560,425			571,725
Total	$	1,222,925		$	1,201,842		$	1,191,109
Operating Income ⁽²⁾
Retail	$	126,391		$	138,470		$	134,900
Foodservice	58,432			66,216			61,692
Multiemployer Pension Settlement and Related Costs	—			(17,635		)	—
Corporate Expenses ⁽³⁾	(12,716		)	(12,303		)	(12,022		)
Total	$	172,107		$	174,748		$	184,570
Identifiable Assets ^{(1) (4)}
Retail & Foodservice ⁽⁵⁾	$	589,509		$	577,509		$	515,553
Corporate	214,982			138,896			119,179
Total	$	804,491		$	716,405		$	634,732
Capital Expenditures
Retail & Foodservice ⁽⁵⁾	$	31,025		$	26,031		$	16,652
Corporate	—			974			19
Total	$	31,025		$	27,005		$	16,671
Depreciation and Amortization
Retail & Foodservice ⁽⁵⁾	$	26,685		$	24,752		$	24,001
Corporate	211			154			146
Total	$	26,896		$	24,906		$	24,147


(1)	Net sales and long-lived assets are predominately domestic.


(2)	All intercompany transactions have been eliminated.


(3)	Our Corporate Expenses include various expenses of a general corporate nature, as well as costs related to certain divested or closed nonfood operations, including the expense associated with retirement plans applicable to those closed units. By their very nature, these costs have not been allocated to the Retail and Foodservice segments.

(4)

Retail and Foodservice identifiable assets include those assets used in our operations and other intangible assets allocated to purchased businesses. Corporate assets consist principally of cash and equivalents. The increase in Corporate identifiable assets from June 30, 2017 to June 30, 2018 was primarily due to the increase in cash and equivalents. The increase in Retail and Foodservice identifiable assets from June 30, 2016 to June 30, 2017 was due to the acquisition of Angelic.


(5)	As discussed above, we do not present identifiable assets, capital expenditures or depreciation and amortization by reportable segment.

Net Sales To Major Customers

Retail segment net sales attributable to Walmart Inc. (“Walmart”) and Foodservice segment net sales attributable to McLane Company, Inc. (“McLane”), a wholesale distribution subsidiary of Berkshire Hathaway, Inc., for each of the years ended June 30 were as follows:



	2018			2017			2016
Net sales to Walmart	$	209,860		$	201,484		$	189,417
As a percentage of consolidated net sales	17		%	17		%	16		%
Net sales to McLane	$	185,226		$	198,153		$	232,241
As a percentage of consolidated net sales	15		%	16		%	19		%

Percentage Of Receivables Due From Major Customers

Accounts receivable attributable to Walmart and McLane at June 30 as a percentage of consolidated accounts receivable were as follows:



	2018		2017
Walmart	28	%	26	%
McLane	11	%	12	%