XML 73 R23.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Segment Reporting | 4 Months Ended
--- | ---
Apr. 20, 2013
Segment Reporting | 15. SEGMENT REPORTING The company’s DSD segment produces fresh and frozen packaged bread, rolls, tortillas, and snack products and the warehouse delivery segment produces frozen bread and rolls and tortillas and snack products. The company evaluates each segment’s performance based on income or loss before interest and income taxes, excluding unallocated expenses and charges which the company’s management deems to be an overall corporate cost or a cost not reflective of the segments’ core operating businesses. Information regarding the operations in these reportable segments is as follows (amounts in thousands):
|  | For the Sixteen Weeks Ended |
|  | April 20, 2013 |  |  | April 21, 2012 |
SALES: |  |  |  |  |  |  |  |
DSD |  | $ | 945,185 |  |  | $ | 745,703 |
Warehouse delivery |  |  | 251,220 |  |  |  | 195,949 |
Eliminations: Sales from warehouse delivery to DSD |  |  | (42,814 | ) |  |  | (35,041 | )
Sales from DSD to warehouse delivery |  |  | (22,781 | ) |  |  | (8,405 | )
|  | $ | 1,130,810 |  |  | $ | 898,206 |
DEPRECIATION AND AMORTIZATION: |  |  |  |  |  |  |  |
DSD |  | $ | 28,695 |  |  | $ | 23,820 |
Warehouse delivery |  |  | 5,315 |  |  |  | 5,926 |
Other(1) |  |  | 179 |  |  |  | (7 | )
|  | $ | 34,189 |  |  | $ | 29,739 |
INCOME (LOSS) FROM OPERATIONS: |  |  |  |  |  |  |  |
DSD |  | $ | 152,488 |  |  | $ | 63,822 |
Warehouse delivery |  |  | 18,660 |  |  |  | 9,594 |
Other(1) |  |  | (19,944 | ) |  |  | (14,199 | )
|  | $ | 151,204 |  |  | $ | 59,217 |
NET INTEREST EXPENSE |  | $ | (4,555 | ) |  | $ | (24 | )
INCOME BEFORE INCOME TAXES |  | $ | 146,649 |  |  | $ | 59,193 |
The assets by segment as of April 20, 2013 and December 31, 2012 were as follows (amounts in thousands):
|  | As of |
|  | April 20, 2013 |  |  | December 29, 2012 |
Assets: |  |  |  |  |  |  |  |
DSD segment |  | $ | 1,795,081 |  |  | $ | 1,638,826 |
Warehouse segment |  |  | 241,535 |  |  |  | 245,195 |
Other(2) |  |  | 123,982 |  |  |  | 111,828 |
|  | $ | 2,160,598 |  |  | $ | 1,995,849 |
(1) | Represents the company’s corporate head office amounts and acquisition costs.
(2) | Represents the company’s corporate head office assets including primarily cash and cash equivalents, debt, deferred taxes, and deferred financing costs.
Sales by product category in each reportable segment are as follows (amounts in thousands):
|  | For the Sixteen Weeks Ended April 20, 2013 |  |  | For the Sixteen Weeks Ended April 21, 2012 |
|  | DSD |  |  | Warehouse Delivery |  |  | Total |  |  | DSD |  |  | Warehouse Delivery |  |  | Total |
Branded Retail |  | $ | 565,206 |  |  | $ | 46,591 |  |  | $ | 611,797 |  |  | $ | 434,603 |  |  | $ | 30,202 |  |  | $ | 464,805 |
Store Branded Retail |  |  | 143,352 |  |  |  | 48,641 |  |  |  | 191,993 |  |  |  | 117,798 |  |  |  | 37,997 |  |  |  | 155,795 |
Non-retail and Other |  |  | 213,846 |  |  |  | 113,174 |  |  |  | 327,020 |  |  |  | 184,897 |  |  |  | 92,709 |  |  |  | 277,606 |
Total |  | $ | 922,404 |  |  | $ | 208,406 |  |  | $ | 1,130,810 |  |  | $ | 737,298 |  |  | $ | 160,908 |  |  | $ | 898,206 |

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration