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Guarantor Financial Information (Tables) | 9 Months Ended
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Sep. 28, 2013
Guarantor Financial Information [Abstract] |
Guarantor Financial Information Condensed Consolidating Balance Sheet | Condensed Consolidating Balance Sheet As of September 28, 2013 (in thousands)
| Issuer | Guarantors | Non-guarantors | Eliminations | Consolidated
ASSETS |  |  |  |  |
Total current assets | $ | 104,281 |  | $ | 509,978 |  | $ | 2,542 |  | $ | (392,470 | ) | $ | 224,331 |
Investment in subsidiaries | 1,701,426 |  | — |  | — |  | (1,701,426 | ) | — |
Property, plant and equipment, net | 164,484 |  | 357,778 |  | — |  | — |  | 522,262 |
Intangible assets, net | 14,787 |  | 349,374 |  | 254 |  | — |  | 364,415 |
Goodwill | 21,860 |  | 424,616 |  | 266 |  | — |  | 446,742 |
Investment in unconsolidated subsidiary | — |  | — |  | 116,250 |  | — |  | 116,250 |
Other assets | 36,711 |  | 2,924 |  | — |  | — |  | 39,635 |
| $ | 2,043,549 |  | $ | 1,644,670 |  | $ | 119,312 |  | $ | (2,093,896 | ) | $ | 1,713,635 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |
Total current liabilities | $ | 478,392 |  | $ | 58,816 |  | $ | 3,497 |  | $ | (392,470 | ) | $ | 148,235 |
Long-term debt, net of current portion | 250,000 |  | 76 |  | — |  | — |  | 250,076 |
Other noncurrent liabilities | 50,919 |  | — |  | 167 |  | — |  | 51,086 |
Deferred income taxes | 105,931 |  | — |  | — |  | — |  | 105,931 |
Total liabilities | 885,242 |  | 58,892 |  | 3,664 |  | (392,470 | ) | 555,328 |
Total stockholders’ equity | 1,158,307 |  | 1,585,778 |  | 115,648 |  | (1,701,426 | ) | 1,158,307 |
| $ | 2,043,549 |  | $ | 1,644,670 |  | $ | 119,312 |  | $ | (2,093,896 | ) | $ | 1,713,635 |
Condensed Consolidating Balance Sheet As of December 29, 2012 (in thousands)
| Issuer | Guarantors | Non-guarantors | Eliminations | Consolidated
ASSETS |  |  |  |  |
Total current assets | $ | 174,576 |  | $ | 455,604 |  | $ | 3,037 |  | $ | (342,955 | ) | $ | 290,262 |
Investment in subsidiaries | 1,449,577 |  | — |  | — |  | (1,449,577 | ) | — |
Property, plant and equipment, net | 148,131 |  | 305,796 |  | — |  | — |  | 453,927 |
Intangible assets, net | 14,497 |  | 322,634 |  | 271 |  | — |  | 337,402 |
Goodwill | 21,860 |  | 359,243 |  | 266 |  | — |  | 381,369 |
Investment in unconsolidated subsidiary | — |  | — |  | 62,495 |  | — |  | 62,495 |
Other assets | 26,530 |  | 431 |  | — |  | — |  | 26,961 |
| $ | 1,835,171 |  | $ | 1,443,708 |  | $ | 66,069 |  | $ | (1,792,532 | ) | $ | 1,552,416 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |
Total current liabilities | $ | 414,755 |  | $ | 59,218 |  | $ | 666 |  | $ | (342,955 | ) | $ | 131,684 |
Long-term debt, net of current portion | 250,000 |  | 142 |  | — |  | — |  | 250,142 |
Other noncurrent liabilities | 61,365 |  | — |  | 174 |  | — |  | 61,539 |
Deferred income taxes | 46,615 |  | — |  | — |  | — |  | 46,615 |
Total liabilities | 772,735 |  | 59,360 |  | 840 |  | (342,955 | ) | 489,980 |
Total stockholders’ equity | 1,062,436 |  | 1,384,348 |  | 65,229 |  | (1,449,577 | ) | 1,062,436 |
| $ | 1,835,171 |  | $ | 1,443,708 |  | $ | 66,069 |  | $ | (1,792,532 | ) | $ | 1,552,416 |
Guarantor Financial Information Condensed Consolidating Statements Of Operations | Condensed Consolidating Statements of Operations For the three months ended September 28, 2013 (in thousands)
| Issuer | Guarantors | Non-guarantors | Eliminations | Consolidated
Net sales | $ | 182,331 |  | $ | 309,529 |  | $ | 2,293 |  | $ | (68,367 | ) | $ | 425,786 |
Cost and expenses: |  |  |  |  |
Cost of sales and operating expenses | 140,213 |  | 235,902 |  | 2,341 |  | (68,367 | ) | 310,089 |
Selling, general and administrative expenses | 23,142 |  | 19,438 |  | 8 |  | — |  | 42,588 |
Acquisition costs | 8,326 |  | — |  | — |  | — |  | 8,326 |
Depreciation and amortization | 6,035 |  | 17,091 |  | 5 |  | — |  | 23,131 |
Total costs and expenses | 177,716 |  | 272,431 |  | 2,354 |  | (68,367 | ) | 384,134 |
Operating income | 4,615 |  | 37,098 |  | (61 | ) | — |  | 41,652 |
Interest expense | (5,309 | ) | (4 | ) | — |  | — |  | (5,313 | )
Other, net | (3,023 | ) | (239 | ) | (6 | ) | — |  | (3,268 | )
Equity in net income of unconsolidated subsidiary | — |  | — |  | 11,953 |  | — |  | 11,953 |
Earnings in investments in subsidiaries | 29,939 |  | — |  | — |  | (29,939 | ) | — |
Income/(loss) before taxes | 26,222 |  | 36,855 |  | 11,886 |  | (29,939 | ) | 45,024 |
Income taxes (benefit) | (1,429 | ) | 14,227 |  | 4,575 |  | — |  | 17,373 |
Net income (loss) | $ | 27,651 |  | $ | 22,628 |  | $ | 7,311 |  | $ | (29,939 | ) | $ | 27,651 |
Condensed Consolidating Statements of Operations For the nine months ended September 28, 2013 (in thousands)
| Issuer | Guarantors | Non-guarantors | Eliminations | Consolidated
Net sales | $ | 503,595 |  | $ | 938,629 |  | $ | 8,188 |  | $ | (155,611 | ) | $ | 1,294,801 |
Cost and expenses: |  |  |  |  |
Cost of sales and operating expenses | 388,463 |  | 701,804 |  | 8,041 |  | (155,611 | ) | 942,697 |
Selling, general and administrative expenses | 66,984 |  | 57,798 |  | 61 |  | — |  | 124,843 |
Acquisition costs | 9,157 |  | — |  | — |  | — |  | 9,157 |
Depreciation and amortization | 17,990 |  | 49,067 |  | 17 |  | — |  | 67,074 |
Total costs and expenses | 482,594 |  | 808,669 |  | 8,119 |  | (155,611 | ) | 1,143,771 |
Operating income | 21,001 |  | 129,960 |  | 69 |  | — |  | 151,030 |
Interest expense | (16,596 | ) | (11 | ) | — |  | — |  | (16,607 | )
Other, net | (2,697 | ) | 108 |  | (30 | ) | — |  | (2,619 | )
Equity in net income of unconsolidated subsidiary | — |  | — |  | 8,796 |  | — |  | 8,796 |
Earnings in investments in subsidiaries | 85,424 |  | — |  | — |  | (85,424 | ) | — |
Income/(loss) from operations before taxes | 87,132 |  | 130,057 |  | 8,835 |  | (85,424 | ) | 140,600 |
Income taxes (benefit) | 658 |  | 50,067 |  | 3,401 |  | — |  | 54,126 |
Net income (loss) | $ | 86,474 |  | $ | 79,990 |  | $ | 5,434 |  | $ | (85,424 | ) | $ | 86,474 |
Condensed Consolidating Statements of Operations For the three months ended September 29, 2012 (in thousands)
| Issuer | Guarantors | Non-guarantors | Eliminations | Consolidated
Net sales | $ | 165,256 |  | $ | 330,013 |  | $ | 3,814 |  | $ | (46,351 | ) | $ | 452,732 |
Cost and expenses: |  |  |  |  |
Cost of sales and operating expenses | 125,806 |  | 244,924 |  | 3,530 |  | (46,351 | ) | 327,909 |
Selling, general and administrative expenses | 20,396 |  | 18,093 |  | 34 |  | — |  | 38,523 |
Depreciation and amortization | 5,502 |  | 15,016 |  | 6 |  | — |  | 20,524 |
Total costs and expenses | 151,704 |  | 278,033 |  | 3,570 |  | (46,351 | ) | 386,956 |
Operating income | 13,552 |  | 51,980 |  | 244 |  | — |  | 65,776 |
Interest expense | (5,867 | ) | (1 | ) | — |  | — |  | (5,868 | )
Other, net | (841 | ) | 1,076 |  | (3 | ) | — |  | 232 |
Equity in net loss of unconsolidated subsidiary | — |  | — |  | (833 | ) | — |  | (833 | )
Earnings in investments in subsidiaries | 32,877 |  | — |  | — |  | (32,877 | ) | — |
Income/(loss) before taxes | 39,721 |  | 53,055 |  | (592 | ) | (32,877 | ) | 59,307 |
Income taxes | 2,549 |  | 19,806 |  | (220 | ) | — |  | 22,135 |
Net income (loss) | $ | 37,172 |  | $ | 33,249 |  | $ | (372 | ) | $ | (32,877 | ) | $ | 37,172 |
Condensed Consolidating Statements of Operations For the nine months ended September 29, 2012 (in thousands)
| Issuer | Guarantors | Non-guarantors | Eliminations | Consolidated
Net sales | $ | 502,814 |  | $ | 903,712 |  | $ | 10,089 |  | $ | (140,101 | ) | $ | 1,276,514 |
Cost and expenses: |  |  |  |  |
Cost of sales and operating expenses | 389,808 |  | 659,207 |  | 9,602 |  | (140,101 | ) | 918,516 |
Selling, general and administrative expenses | 60,108 |  | 52,571 |  | 107 |  | — |  | 112,786 |
Depreciation and amortization | 17,614 |  | 45,327 |  | 17 |  | — |  | 62,958 |
Total costs and expenses | 467,530 |  | 757,105 |  | 9,726 |  | (140,101 | ) | 1,094,260 |
Operating income | 35,284 |  | 146,607 |  | 363 |  | — |  | 182,254 |
Interest expense | (18,544 | ) | (2 | ) | — |  | — |  | (18,546 | )
Other, net | (2,071 | ) | 1,981 |  | (16 | ) | — |  | (106 | )
Equity in net loss of unconsolidated subsidiary | — |  | — |  | (1,725 | ) | — |  | (1,725 | )
Earnings in investments in subsidiaries | 92,728 |  | — |  | — |  | (92,728 | ) | — |
Income/(loss) from operations before taxes | 107,397 |  | 148,586 |  | (1,378 | ) | (92,728 | ) | 161,877 |
Income taxes (benefit) | 5,429 |  | 54,990 |  | (510 | ) | — |  | 59,909 |
Net income (loss) | $ | 101,968 |  | $ | 93,596 |  | $ | (868 | ) | $ | (92,728 | ) | $ | 101,968 |
Condens
Guarantor Financial Information Condensed Consolidating Statements of Comprehensive Income (Loss) | Condensed Consolidating Statements of Comprehensive Income (Loss) For the three months ended September 28, 2013 (in thousands)
| Issuer | Guarantors | Non-guarantors | Eliminations | Consolidated
Net income | $ | 27,651 |  | $ | 22,628 |  | $ | 7,311 |  | $ | (29,939 | ) | $ | 27,651 |
Other comprehensive income (loss), net of tax: |  |  |  |  |
Pension adjustments | 806 |  | — |  | — |  | — |  | 806 |
Natural gas swap derivative adjustments | 49 |  | — |  | — |  | — |  | 49 |
Corn option derivative adjustments | 325 |  | — |  | — |  | — |  | 325 |
Total other comprehensive income, net of tax | 1,180 |  | — |  | — |  | — |  | 1,180 |
Total comprehensive income (loss) | $ | 28,831 |  | $ | 22,628 |  | $ | 7,311 |  | $ | (29,939 | ) | $ | 28,831 |
Condensed Consolidating Statements of Comprehensive Income (Loss) For the nine months ended September 28, 2013 (in thousands)
| Issuer | Guarantors | Non-guarantors | Eliminations | Consolidated
Net income | $ | 86,474 |  | $ | 79,990 |  | $ | 5,434 |  | $ | (85,424 | ) | $ | 86,474 |
Other comprehensive income (loss), net of tax: |  |  |  |  |
Pension adjustments | 2,416 |  | — |  | — |  | — |  | 2,416 |
Natural gas swap derivative adjustments | (12 | ) | — |  | — |  | — |  | (12 | )
Corn option derivative adjustments | 1,632 |  | — |  | — |  | — |  | 1,632 |
Total other comprehensive income | 4,036 |  | — |  | — |  | — |  | 4,036 |
Total comprehensive income (loss) | $ | 90,510 |  | $ | 79,990 |  | $ | 5,434 |  | $ | (85,424 | ) | $ | 90,510 |
Condensed Consolidating Statements of Comprehensive Income (Loss) For the three months ended September 29, 2012 (in thousands)
| Issuer | Guarantors | Non-guarantors | Eliminations | Consolidated
Net income | $ | 37,172 |  | $ | 33,249 |  | $ | (372 | ) | $ | (32,877 | ) | $ | 37,172 |
Other comprehensive income (loss), net of tax: |  |  |  |  |
Pension adjustments | 742 |  | — |  | — |  | — |  | 742 |
Natural gas swap derivative adjustments | 83 |  | — |  | — |  | — |  | 83 |
Interest rate swap derivative adjustment | — |  | — |  | — |  | — |  | — |
Total other comprehensive income, net of tax | 825 |  | — |  | — |  | — |  | 825 |
Total comprehensive income (loss) | $ | 37,997 |  | $ | 33,249 |  | $ | (372 | ) | $ | (32,877 | ) | $ | 37,997 |
Condensed Consolidating Statements of Comprehensive Income (Loss) For the nine months ended September 29, 2012 (in thousands)
| Issuer | Guarantors | Non-guarantors | Eliminations | Consolidated
Net income | $ | 101,968 |  | $ | 93,596 |  | $ | (868 | ) | $ | (92,728 | ) | $ | 101,968 |
Other comprehensive income (loss), net of tax: |  |  |  |  |
Pension adjustments | 2,226 |  | — |  | — |  | — |  | 2,226 |
Natural gas swap derivative adjustments | 404 |  | — |  | — |  | — |  | 404 |
Interest rate swap derivative adjustment | 159 |  | — |  | — |  | — |  | 159 |
Total other comprehensive income | 2,789 |  | — |  | — |  | — |  | 2,789 |
Total comprehensive income (loss) | $ | 104,757 |  | $ | 93,596 |  | $ | (868 | ) | $ | (92,728 | ) | $ | 104,757 |
Guarantor Financial Information Condensed Consolidating Statements Of Cash Flows | Condensed Consolidating Statements of Cash Flows For the nine months ended September 28, 2013 (in thousands)
| Issuer | Guarantors | Non-guarantors | Eliminations | Consolidated
Cash flows from operating activities: |  |  |  |  |
Net income | $ | 86,474 |  | $ | 79,990 |  | $ | 5,434 |  | $ | (85,424 | ) | $ | 86,474 |
Earnings in investments in subsidiaries | (85,424 | ) | — |  | — |  | 85,424 |  | — |
Other operating cash flows | 115,200 |  | (27,764 | ) | (5,205 | ) | — |  | 82,231 |
Net cash provided by operating activities | 116,250 |  | 52,226 |  | 229 |  | — |  | 168,705 |
Cash flows from investing activities: |  |  |  |  |
Capital expenditures | (31,572 | ) | (54,147 | ) | — |  | — |  | (85,719 | )
Acquisitions | — |  | (121,440 | ) | — |  | — |  | (121,440 | )
Investment in subsidiaries and affiliates | (166,425 | ) | — |  | (44,959 | ) | 166,425 |  | (44,959 | )
Gross proceeds from sale of property, plant and equipment and other assets | 897 |  | 769 |  | — |  | — |  | 1,666 |
Proceeds from insurance settlements | 1,531 |  | 450 |  | — |  | — |  | 1,981 |
Payments related to routes and other intangibles | (2,374 | ) | — |  | — |  | — |  | (2,374 | )
Net cash used in investing activities | (197,943 | ) | (174,368 | ) | (44,959 | ) | 166,425 |  | (250,845 | )
Cash flows from financing activities: |  |  |  |  |
Payments on long-term debt | — |  | (62 | ) | — |  | — |  | (62 | )
Deferred loan costs | (11,138 | ) | — |  | — |  | — |  | (11,138 | )
Issuances of common stock | 32 |  | — |  | — |  | — |  | 32 |
Contributions from parent | — |  | 121,440 |  | 44,985 |  | (166,425 | ) | — |
Minimum withholding taxes paid on stock awards | (2,649 | ) | — |  | — |  | — |  | (2,649 | )
Excess tax benefits from stock-based compensation | 719 |  | — |  | — |  | — |  | 719 |
Net cash used in financing activities | (13,036 | ) | 121,378 |  | 44,985 |  | (166,425 | ) | (13,098 | )
Net increase/(decrease) in cash and cash equivalents | (94,729 | ) | (764 | ) | 255 |  | — |  | (95,238 | )
Cash and cash equivalents at beginning of year | 96,945 |  | 5,577 |  | 727 |  | — |  | 103,249 |
Cash and cash equivalents at end of year | $ | 2,216 |  | $ | 4,813 |  | $ | 982 |  | $ | — |  | $ | 8,011 |
Condensed Consolidating Statements of Cash Flows For the nine months ended September 29, 2012 (in thousands)
| Issuer | Guarantors | Non-guarantors | Eliminations | Consolidated
Cash flows from operating activities: |  |  |  |  |
Net income | $ | 101,968 |  | $ | 93,596 |  | $ | (868 | ) | $ | (92,728 | ) | $ | 101,968 |
Earnings in investments in subsidiaries | (92,728 | ) | — |  | — |  | 92,728 |  | — |
Other operating cash flows | 142,681 |  | (47,537 | ) | (542 | ) | — |  | 94,602 |
Net cash provided by operating activities | 151,921 |  | 46,059 |  | (1,410 | ) | — |  | 196,570 |
Cash flows from investing activities: |  |  |  |  |
Capital expenditures | (37,183 | ) | (46,971 | ) | — |  | — |  | (84,154 | )
Acquisitions | (3,000 | ) | — |  | — |  | — |  | (3,000 | )
Investment in subsidiaries and affiliates | (34,441 | ) | — |  | (34,416 | ) | 34,441 |  | (34,416 | )
Gross proceeds from sale of property, plant and equipment and other assets | 1,580 |  | 1,409 |  | — |  | — |  | 2,989 |
Proceeds from insurance settlements | — |  | 1,906 |  | — |  | — |  | 1,906 |
Net cash used in investing activities | (73,044 | ) | (43,656 | ) | (34,416 | ) | 34,441 |  | (116,675 | )
Cash flows from financing activities: |  |  |  |  |
Payments on long-term debt | (30,000 | ) | (13 | ) | — |  | — |  | (30,013 | )
Issuances of common stock | 64 |  | — |  | — |  | — |  | 64 |
Contributions from parent | — |  | — |  | 34,441 |  | (34,441 | ) | — |
Minimum withholding taxes paid on stock awards | (3,365 | ) | — |  | — |  | — |  | (3,365 | )
Excess tax benefits from stock-based compensation | 2,169 |  | — |  | — |  | — |  | 2,169 |
Net cash used in financing activities | (31,132 | ) | (13 | ) | 34,441 |  | (34,441 | ) | (31,145 | )
Net increase/(decrease) in cash and cash equivalents | 47,745 |  | 2,390 |  | (1,385 | ) | — |  | 48,750 |
Cash and cash equivalents at beginning of year | 35,207 |  | 1,773 |  | 1,956 |  | — |  | 38,936 |
Cash and cash equivalents at end of year | $ | 82,952 |  | $ | 4,163 |  | $ | 571 |  | $ | — |  | $ | 87,686 |

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