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ACQUISITIONS (Tables) | 6 Months Ended
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Jul. 16, 2016
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 and taxes are still under review. We will continue reviewing the final recognized amounts of identifiable assets acquired and liabilities assumed until the fourth quarter of our fiscal 2016 when the allocation will be final (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):
| Total |  |  | Weighted average amortization years |  |  | Attribution Method
Trademarks | $ | 20,900 |  |  |  | 40.0 |  |  | Straight-line
Customer relationships |  | 43,700 |  |  |  | 25.0 |  |  | Sum of year digits
| $ | 64,600 |  |  |  | 29.9 |  |  |
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, property, plant and equipment, and certain financial assets and taxes are still under review. We will also continue reviewing the final recognized amounts of identifiable assets acquired and liabilities assumed until the third quarter of our fiscal 2016 when the allocation will be final (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 |  |  |

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- Definition Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=73530397&loc=d3e4845-128472 + Details
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