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Commitments and Contingencies
3 Months Ended
Mar. 27, 2021
Commitments And Contingencies Disclosure [Abstract]  
Commitments and Contingencies

J. Commitments and Contingencies

Contract Obligations

 

As of March 27, 2021, projected cash outflows under non-cancelable contractual obligations are as follows:

 

 

 

Commitments

 

 

 

(in thousands)

 

Brand support

 

$

104,494

 

Equipment and machinery

 

 

86,645

 

Ingredients (excluding hops and malt)

 

 

82,902

 

Hops and malt

 

 

47,658

 

Other

 

 

15,176

 

Total commitments

 

$

336,875

 

 

The majority of these contract obligations are for the 2021 fiscal years with the remainder extending no later than the 2026 fiscal year.

Litigation

 The Company is not a party to any pending or threatened litigation, the outcome of which would be expected to have a material adverse effect upon its financial condition or the results of its operations.  In general, while the Company believes it conducts its business appropriately in accordance with laws, regulations and industry guidelines, claims, whether or not meritorious, could be asserted against the Company that might adversely impact the Company’s results.