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Acquisitions (Tables) | 12 Months Ended
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Jan. 02, 2016
Summary of Potential Payment of Holdback Amount | The table below reflects the potential payments to us under each scenario (amounts in thousands):
|  | February 23, 2013 – November 20, 2013 |  |  | November 21, 2013 – February 18, 2014 |  |  | February 19, 2014 – May 19, 2014 |  |  | May 20, 2014 – August 17, 2014 |
Co-pack decision |  | $ | 10,000 |  |  | $ | 7,500 |  |  | $ | 5,000 |  |  | $ | — |
Bakery decision |  | $ | 10,000 |  |  | $ | 10,000 |  |  | $ | 7,500 |  |  | $ | 5,000 |
Pro Forma Consolidated Results of Operations | Unaudited pro forma consolidated results of operations for the Sara Lee California and Earthgrains asset acquisitions are not included because the company determined that they are immaterial. Hostess filed for bankruptcy and ceased operations in November 2012 (the “Hostess Shutdown”). As a result, there were no sales related to the Acquired Hostess Assets for fiscal 2013 because of the Hostess Shutdown and there is no data to include in the pro forma presentation below. The acquisitions’ results from operations were included in our Consolidated Statements of Income during fiscal 2014 and, as a result, no pro forma data is presented (amounts in thousands, except per share data):
|  | Fiscal 2013 |
|  | 52 weeks |
Sales: |  |  |  |
As reported |  | $ | 3,732,616 |
Pro forma |  | $ | 3,732,616 |
Net income: |  |  |  |
As reported |  | $ | 230,894 |
Pro forma |  | $ | 227,076 |
Basic net income per common share: |  |  |  |
As reported |  | $ | 1.11 |
Pro forma |  | $ | 1.09 |
Diluted net income per common share: |  |  |  |
As reported |  | $ | 1.09 |
Pro forma |  | $ | 1.07 |
Alpine Valley Bread Company |
Schedule of Identified Assets Acquired and Liabilities Assumed | The following table summarizes the consideration paid for Alpine based on the fair value at the acquisition date. This table is based on preliminary valuations for the assets acquired and liabilities assumed. The identifiable intangible assets, property, plant and equipment, and certain financial assets are still under review. We will continue reviewing the final recognized amounts of identifiable assets acquired and liabilities assumed (amounts in thousands):
Fair Value of consideration transferred: |  |  |
Cash consideration paid | $ | 109,340 |
Stock consideration paid |  | 12,602 |
Total consideration paid |  | 121,942 |
Recognized amounts of identifiable assets acquired and liabilities assumed: |  |  |
Property, plant, and equipment |  | 15,614 |
Identifiable intangible assets |  | 64,600 |
Financial assets |  | 5,687 |
Net recognized amounts of identifiable assets acquired |  | 85,901 |
Goodwill | $ | 36,041 |
Schedule of Intangible Assets Subject to Amortization | The following table presents the acquired intangible assets subject to amortization (amounts in thousands, except amortization periods):
Dave’s Killer Bread |
Schedule of Identified Assets Acquired and Liabilities Assumed | The following table summarizes the consideration paid for DKB based on the fair value at the acquisition date. This table is based on preliminary valuations for the assets acquired and liabilities assumed. The identifiable intangible assets and certain financial assets are still under review. We will continue reviewing the final recognized amounts of identifiable assets acquired and liabilities assumed (amounts in thousands):
Fair Value of consideration transferred: |  |  |
Cash consideration paid | $ | 282,115 |
Recognized amounts of identifiable assets acquired and liabilities assumed: |  |  |
Property, plant, and equipment |  | 9,769 |
Identifiable intangible assets |  | 176,300 |
Deferred income taxes |  | (60,142 | )
Financial assets |  | 10,263 |
Net recognized amounts of identifiable assets acquired |  | 136,190 |
Goodwill | $ | 145,925 |
Schedule of Intangible Assets Subject to Amortization | The following table presents the acquired intangible assets subject to amortization (amounts in thousands, except amortization periods):
|  | Total |  |  | Weighted average amortization years |  |  | Attribution Method
Trademarks |  | $ | 107,700 |  |  |  | 40.0 |  |  | Straight-line
Customer relationships |  |  | 68,000 |  |  |  | 25.0 |  |  | Sum of year digits
Non-compete agreements |  |  | 600 |  |  |  | 2.0 |  |  | Straight-line
|  | $ | 176,300 |  |  |  | 34.1 |  |  |
Sara Lee and Earthgrains acquisition of trademark licenses |
Schedule of Identified Assets Acquired and Liabilities Assumed | The following table summarizes the consideration paid to acquire these licenses and the amounts of identified assets acquired and liabilities assumed based on the fair value at the acquisition date (amounts in thousands):
Fair value of consideration transferred: |  |  |  |
Cash consideration transferred |  | $ | 49,950 |
Contingently refundable consideration (the “holdback”) |  |  | (7,600 | )
Total consideration, net |  | $ | 42,350 |
Recognized amounts of identifiable assets acquired and liabilities assumed: |  |  |  |
Property, plant, and equipment |  | $ | 6,476 |
Identifiable intangible assets |  |  | 117,290 |
Deferred income taxes, net |  |  | (31,345 | )
Net recognized amounts of identifiable assets acquired |  | $ | 92,421 |
Bargain purchase gain |  | $ | 50,071 |
Schedule of Intangible Assets Subject to Amortization | The following table presents the acquired intangible assets subject to amortization (amounts in thousands, except amortization periods):
|  | Total |  |  | Weighted average amortization years |  |  | Attribution Method
Trademarks |  | $ | 107,700 |  |  |  | 40.0 |  |  | Straight-line
Customer relationships |  |  | 68,000 |  |  |  | 25.0 |  |  | Sum of year digits
Non-compete agreements |  |  | 600 |  |  |  | 2.0 |  |  | Straight-line
|  | $ | 176,300 |  |  |  | 34.1 |  |  |
Acquired Hostess Bread Asset |
Schedule of Identified Assets Acquired and Liabilities Assumed | The following table summarizes the consideration paid for the Acquired Hostess Bread Assets and liabilities assumed based on the fair value at the acquisition date (amounts in thousands):
Fair value of consideration transferred: |  |  |  |
Cash consideration transferred |  | $ | 355,342 |
Recognized amounts of identifiable assets acquired and liabilities assumed: |  |  |  |
Property, plant, and equipment |  | $ | 153,990 |
Identifiable intangible assets |  |  | 189,000 |
Financial assets |  |  | 5,153 |
Net recognized amounts of identifiable assets acquired |  | $ | 348,143 |
Gain on legal settlement |  |  | (1,400 | )
Net recognized amounts of identifiable assets acquired and gain on settlement |  | $ | 346,743 |
Goodwill |  | $ | 8,599 |
Changes to Goodwill by Acquisition | The table below presents the changes to goodwill from December 28, 2013 to January 3, 2015 for the Acquired Hostess Bread Assets (amounts in thousands):
Goodwill reported on December 28, 2013 for the Acquired Hostess Bread Assets |  | $ | 5,419 |
Changes in goodwill for spare parts and final fair value adjustments |  |  | (3,503 | )
Changes in goodwill for property, plant and equipment final fair value adjustments |  |  | 6,683 |
Net changes to goodwill |  | $ | 3,180 |
Final Acquired Hostess Bread Assets goodwill |  | $ | 8,599 |

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