FINANCIAL STATEMENT REVISIONS

9 Months Ended

Oct. 10, 2015

Accounting Changes And Error Corrections [Abstract]

5. FINANCIAL STATEMENT REVISIONS

During the fourth quarter of fiscal 2014, we revised net sales. Historically, certain immaterial discounts had been recorded as an expense to selling, distribution and administrative costs. These discounts are now recorded as contra revenue. These revisions have been made for all periods presented in our Annual Report on Form 10-K for the fiscal year ended January 3, 2015. We concluded that these revisions were immaterial to our fiscal 2013 and 2012 financial statements and to each of the quarterly periods in fiscal years 2014, 2013, and 2012. This revision impacted the DSD Segment.

Our financial statements have been revised to correctly report the discounts by decreasing sales and decreasing selling, distribution and administrative expenses by the amount of the discounts in the respective periods presented. There are no impacts on our Consolidated Balance Sheets, Consolidated Statements of Changes in Stockholders’ Equity, or Consolidated Statements of Cash Flows for any prior periods. Additionally, the correction did not impact our previously reported income from operations, net income or earnings per share.

The tables below present the revisions to the applicable financial statement line items for the twelve weeks ended October 4, 2014 (amounts in thousands):

	Consolidated
	Twelve Weeks Ended October 4, 2014
Impacted Financial Statement line item	As Previously Reported		Revisions			As Revised
Sales	$	849,360	$	(4,428	)	$	844,932
Selling, distribution and administrative expense	$	306,514	$	(4,428	)	$	302,086

	DSD Segment
	Twelve Weeks Ended October 4, 2014
Impacted Financial Statement line item	As Previously Reported		Revisions			As Revised
Sales	$	718,274	$	(4,428	)	$	713,846
Selling, distribution and administrative expense	$	277,158	$	(4,428	)	$	272,730

The tables below present the revisions to the applicable financial statement line items for the forty weeks ended October 4, 2014 (amounts in thousands):

	Consolidated
	Forty Weeks Ended October 4, 2014
Impacted Financial Statement line item	As Previously Reported		Revisions			As Revised
Sales	$	2,886,498	$	(14,858	)	$	2,871,640
Selling, distribution and administrative expense	$	1,052,486	$	(14,858	)	$	1,037,628

	DSD Segment
	Forty Weeks Ended October 4, 2014
Impacted Financial Statement line item	As Previously Reported		Revisions			As Revised
Sales	$	2,428,190	$	(14,858	)	$	2,413,332
Selling, distribution and administrative expense	$	949,766	$	(14,858	)	$	934,908