XML 47 R36.htm IDEA: XBRL DOCUMENT
v3.4.0.3

DEBT AND OTHER OBLIGATIONS (Tables) | 4 Months Ended
--- | ---
Apr. 23, 2016
Long-Term Debt and Capital Leases (Net of Issuance Costs and Debt Discounts Excluding Line-of-credit Arrangements) | Long-term debt and capital leases (net of issuance costs and debt discounts excluding line-of-credit arrangements) consisted of the following at April 23, 2016 and January 2, 2016 (amounts in thousands):
|  | April 23, 2016 |  |  | January 2, 2016 |
Unsecured credit facility |  | $ | 68,500 |  |  | $ | 160,000 |
Unsecured 2013 term loan |  |  | 231,072 |  |  |  | 238,515 |
Unsecured 2016 term loan |  |  | 149,371 |  |  |  | — |
4.375% senior notes due 2022 |  |  | 397,124 |  |  |  | 396,975 |
Accounts receivable securitization |  |  | 180,000 |  |  |  | 170,000 |
Capital lease obligations |  |  | 19,118 |  |  |  | 20,228 |
Other notes payable |  |  | 19,106 |  |  |  | 18,989 |
|  |  | 1,064,291 |  |  |  | 1,004,707 |
Current maturities of long-term debt and capital lease obligations |  |  | 110,470 |  |  |  | 74,685 |
Total long-term debt and capital lease obligations |  | $ | 953,821 |  |  | $ | 930,022 |
Outstanding Principal of Term Loan is Due and Payable on Fifth Anniversary of Draw Date | The 2013 term loan amortizes in quarterly installments based on an increasing annual percentage. The first payment was due and payable on June 30, 2013 (the last business day of the first calendar quarter ending after the borrowing date), quarterly payments are due on the last business day of each successive calendar quarter and all remaining outstanding principal is due and payable on the fifth anniversary of the borrowing date. Voluntary prepayments on the 2013 term loan may be made without premium or penalty. The table below presents the principal payment amounts remaining under the 2013 term loan as of April 23, 2016 (amounts in thousands):
Fiscal Year |  | Payments |
Remainder of 2016 |  | $ | 60,000 |
2017 |  | $ | 112,500 |
2018 |  | $ | 60,000 |
Aggregate Maturities of Debt Outstanding (Including Capital Leases) | Aggregate maturities of debt outstanding, including capital leases and the associated interest, as of April 23, 2016, are as follows (excluding unamortized debt discount and issuance costs) (amounts in thousands):
Remainder of 2016 |  | $ | 77,326 |
2017 |  |  | 317,194 |
2018 |  |  | 84,960 |
2019 |  |  | 40,318 |
2020 |  |  | 131,618 |
2021 and thereafter |  |  | 418,702 |
Total |  | $ | 1,070,118 |
Reconciliation of Debt Issuance Costs and Debt Discounts to the Net Carrying Value for Each Debt Obligation (Excluding Line of Credit Arrangements) | The table below reconciles the debt issuance costs and debt discounts to the net carrying value of each of our debt obligations (excluding line-of-credit arrangements) at April 23, 2016 (amounts in thousands):
|  |  |  |  |  | Debt issuance and |  |  |  |  |
|  | Face Value |  |  | debt discount |  |  | Net carrying value |
Unsecured 2013 term loan |  | $ | 232,500 |  |  | $ | 1,428 |  |  | $ | 231,072 |
Unsecured 2016 term loan |  |  | 150,000 |  |  |  | 629 |  |  |  | 149,371 |
Other notes payable |  |  | 20,000 |  |  |  | 894 |  |  |  | 19,106 |
4.375% senior notes due 2022 |  |  | 400,000 |  |  |  | 2,876 |  |  |  | 397,124 |
Total |  | $ | 802,500 |  |  | $ | 5,827 |  |  | $ | 796,673 |
The table below reconciles the debt issuance costs and debt discounts to the net carrying value of each of our debt obligations (excluding line-of-credit arrangements) at January 2, 2016 (amounts in thousands):
|  |  |  |  |  | Debt issuance and |  |  |  |  |
|  | Face Value |  |  | debt discount |  |  | Net carrying value |
Unsecured 2013 term loan |  | $ | 240,000 |  |  | $ | 1,485 |  |  | $ | 238,515 |
Other notes payable |  |  | 20,000 |  |  |  | 1,011 |  |  |  | 18,989 |
4.375% senior notes due 2022 |  |  | 400,000 |  |  |  | 3,025 |  |  |  | 396,975 |
Total |  | $ | 660,000 |  |  | $ | 5,521 |  |  | $ | 654,479 |
2016 Term Loan |
Outstanding Principal of Term Loan is Due and Payable on Fifth Anniversary of Draw Date | The 2016 term loan amortizes in quarterly installments based on an increasing annual percentage. The first payment is due and payable on June 30, 2016 (the last business day of the first calendar quarter ending after the borrowing date), quarterly payments are due on the last business day of each successive calendar quarter and all remaining outstanding principal is due and payable on the fifth anniversary of the borrowing date. The table below presents the principal payment amounts remaining under the 2016 term loan as of April 23, 2016 (amounts in thousands):
Fiscal Year |  | Payments |
Remainder of 2016 |  | $ | 11,250 |
2017 |  | $ | 15,000 |
2018 |  | $ | 15,000 |
2019 |  | $ | 31,875 |
2020 |  | $ | 60,000 |
2021 |  | $ | 16,875 |

X
- Definition Tabular disclosure of the percentage amount due for all new term loan borrowings for each of the five years following the date of the latest balance sheet date presented. + References No definition available. + Details
Name: | flo_LongTermLoansPayablePrincipalAmountsDueAtMaturityDatesTableTextBlock
Namespace Prefix: | flo_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of reconciliation of debt issuance costs and debt discounts to the net carrying value for each of our debt obligation. + References No definition available. + Details
Name: | flo_ScheduleOfReconciliationOfDebtIssuanceCostsAndDebtDiscountsToNetCarryingValueForEachOfOurDebtObligationTableTextBlock
Namespace Prefix: | flo_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=34725769&loc=d3e28878-108400 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=flo_TwoThousandSixteenUnsecuredTermLoanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |