XML 39 R26.htm IDEA: XBRL DOCUMENT v3.10.0.1
Revenue Recognition (Tables)
9 Months Ended
Sep. 30, 2018
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
The following table presents a disaggregation of our net sales by product type and revenue source. We believe these categories most appropriately depict the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with our customers.
 
Three Months Ended
 
Nine Months Ended
 
September 30, 2018
 
September 30, 2017(1)
 
September 30, 2018
 
September 30, 2017(1)
 
(In thousands)
Fluid milk
$
1,118,474

 
$
1,266,951

 
$
3,535,696

 
$
3,950,295

Ice cream(2)
303,740

 
307,319

 
864,343

 
887,658

Fresh cream(3)
99,771

 
99,930

 
291,537

 
280,712

Extended shelf life and other dairy products(4)
44,379

 
47,410

 
135,804

 
142,126

Cultured
65,343

 
72,223

 
195,013

 
216,408

Other beverages(5)
71,506

 
73,825

 
208,550

 
220,859

Other(6)
32,577

 
33,621

 
95,675

 
88,640

Subtotal
1,735,790

 
1,901,279

 
5,326,618

 
5,786,698

Sales of excess raw materials(7)
112,446

 

 
387,128

 

Sales of other bulk commodities
45,830

 
36,341

 
112,057

 
73,330

Total net sales
$
1,894,066

 
$
1,937,620

 
$
5,825,803

 
$
5,860,028

(1)
Prior period amounts have not been restated as we have elected to adopt ASC 606 using the modified retrospective method. Sales of excess raw materials of $148.3 million and $456.5 million for the three and nine months ended September 30, 2017, respectively, were included as a reduction of cost of sales in our unaudited Condensed Consolidated Statements of Operations.
(2)
Includes ice cream, ice cream mix and ice cream novelties.
(3)
Includes half-and-half and whipping creams.
(4)
Includes creamers and other extended shelf life fluids.
(5)
Includes fruit juice, fruit flavored drinks, iced tea, water and flax-based milk.
(6)
Includes items for resale such as butter, cheese, eggs and milkshakes.
(7)
Historically, we presented sales of excess raw materials as a reduction of cost of sales within our Consolidated Statements of Operations; however, upon further evaluation of these sales in connection with our implementation of ASC 606, we have determined that it is appropriate to present these sales as revenue. Therefore, on a prospective basis, effective January 1, 2018, we began reporting these sales within the net sales line of our unaudited Condensed Consolidated Statements of Operations.

The following table presents a disaggregation of our net product sales between sales of Company-branded products versus sales of private label products:
 
Three Months Ended
 
Nine Months Ended
 
September 30, 2018
 
September 30, 2017
 
September 30, 2018
 
September 30, 2017
 
(In thousands)
Branded products
$
844,356

 
$
909,186

 
$
2,607,751

 
$
2,816,782

Private label products
891,434

 
992,093

 
2,718,867

 
2,969,916

Subtotal
1,735,790

 
1,901,279

 
5,326,618

 
5,786,698

Sales of excess raw materials
112,446

 

 
387,128

 

Sales of other bulk commodities
45,830

 
36,341

 
112,057

 
73,330

Total net sales
$
1,894,066

 
$
1,937,620

 
$
5,825,803

 
$
5,860,028