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Segment Reporting | 9 Months Ended
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Oct. 06, 2018
Segment Reporting [Abstract] |
Segment Reporting | 20. SEGMENT REPORTING The company’s segments are currently separated primarily by the different delivery methods each segment uses for its respective product deliveries. The DSD Segment’s products are delivered fresh to customers through a network of IDPs who are incentivized to grow sales and to build equity in their distributorships. The Warehouse Segment ships fresh and frozen products to customers’ warehouses nationwide. Our bakeries fall into either the DSD Segment or Warehouse Segment depending on the primary method of delivery used to sell that bakery’s products. The bakeries within each segment produce products that are sold externally and internally. Internal sales are to bakeries within the producing bakery’s segment or to the other segment. Sales between bakeries are transferred at standard cost. 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 segment’s core operating businesses. Information regarding the operations in these reportable segments is as follows (amounts in thousands):
|  | For the Twelve Weeks Ended |  |  | For the Forty Weeks Ended |
|  | October 6, 2018 |  |  | October 7, 2017 |  |  | October 6, 2018 |  |  | October 7, 2017 |
Sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
DSD Segment |  | $ | 799,271 |  |  | $ | 803,153 |  |  | $ | 2,659,639 |  |  | $ | 2,628,365 |
Warehouse Segment |  |  | 182,639 |  |  |  | 185,219 |  |  |  | 615,530 |  |  |  | 596,740 |
Eliminations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sales from Warehouse Segment to DSD Segment |  |  | (39,443 | ) |  |  | (39,652 | ) |  |  | (136,708 | ) |  |  | (129,637 | )
Sales from DSD Segment to Warehouse Segment |  |  | (19,018 | ) |  |  | (15,898 | ) |  |  | (67,276 | ) |  |  | (48,358 | )
|  | $ | 923,449 |  |  | $ | 932,822 |  |  | $ | 3,071,185 |  |  | $ | 3,047,110 |
Gain on divestiture: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Warehouse Segment |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 28,875 |
|  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 28,875 |
Multi-employer pension plan withdrawal costs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
DSD Segment |  | $ | — |  |  | $ | 18,268 |  |  | $ | 2,322 |  |  | $ | 18,268 |
|  | $ | — |  |  | $ | 18,268 |  |  | $ | 2,322 |  |  | $ | 18,268 |
Loss (recovery) on inferior ingredients: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
DSD Segment |  | $ | (2,986 | ) |  | $ | — |  |  | $ | 898 |  |  | $ | — |
Warehouse Segment |  |  | 1,095 |  |  |  | — |  |  |  | 1,095 |  |  |  | — |
|  | $ | (1,891 | ) |  | $ | — |  |  | $ | 1,993 |  |  | $ | — |
Restructuring charges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
DSD Segment |  | $ | 289 |  |  | $ | 76,625 |  |  | $ | 2,187 |  |  | $ | 76,625 |
Warehouse Segment |  |  | 175 |  |  |  | 20,091 |  |  |  | 251 |  |  |  | 20,091 |
Unallocated corporate costs |  |  | 33 |  |  |  | 3,833 |  |  |  | 119 |  |  |  | 3,833 |
|  | $ | 497 |  |  | $ | 100,549 |  |  | $ | 2,557 |  |  | $ | 100,549 |
Impairment of assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
DSD Segment |  | $ | — |  |  | $ | — |  |  | $ | 2,483 |  |  | $ | — |
|  | $ | — |  |  | $ | — |  |  | $ | 2,483 |  |  | $ | — |
Depreciation and amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
DSD Segment |  | $ | 27,676 |  |  | $ | 28,286 |  |  | $ | 95,273 |  |  | $ | 98,703 |
Warehouse Segment |  |  | 4,916 |  |  |  | 4,769 |  |  |  | 16,443 |  |  |  | 15,841 |
Unallocated corporate costs(1) |  |  | 70 |  |  |  | (83 | ) |  |  | 233 |  |  |  | (256 | )
|  | $ | 32,662 |  |  | $ | 32,972 |  |  | $ | 111,949 |  |  | $ | 114,288 |
Income from operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
DSD Segment |  | $ | 58,819 |  |  | $ | (20,338 | ) |  | $ | 197,725 |  |  | $ | 146,388 |
Warehouse Segment |  |  | 5,866 |  |  |  | (9,082 | ) |  |  | 31,563 |  |  |  | 47,202 |
Unallocated corporate costs(2) |  |  | (11,235 | ) |  |  | (22,637 | ) |  |  | (46,959 | ) |  |  | (78,722 | )
|  | $ | 53,450 |  |  | $ | (52,057 | ) |  | $ | 182,329 |  |  | $ | 114,868 |
Interest expense |  | $ | (8,180 | ) |  | $ | (8,194 | ) |  | $ | (27,390 | ) |  | $ | (28,255 | )
Interest income |  | $ | 6,615 |  |  | $ | 5,464 |  |  | $ | 21,176 |  |  | $ | 17,199 |
Pension plan settlement loss |  | $ | (930 | ) |  | $ | (3,030 | ) |  | $ | (6,633 | ) |  | $ | (3,030 | )
Other components of net periodic pension and postretirement benefits credit |  | $ | 171 |  |  | $ | 1,321 |  |  | $ | 1,204 |  |  | $ | 4,687 |
Income before income taxes |  | $ | 51,126 |  |  | $ | (56,496 | ) |  | $ | 170,686 |  |  | $ | 105,469 |
The table below presents the assets by segment (amounts in thousands):
Assets: |  | October 6, 2018 |  |  | December 30, 2017 |
DSD Segment |  | $ | 2,293,104 |  |  | $ | 2,270,179 |
Warehouse Segment |  |  | 301,249 |  |  |  | 296,157 |
Other (3) |  |  | 98,784 |  |  |  | 93,388 |
Total assets |  | $ | 2,693,137 |  |  | $ | 2,659,724 |
(1) | Represents costs allocated to the company’s corporate head office.
(2) | Represents costs allocated to the company’s corporate head office and pension plan settlement loss.
(3) | Represents the company’s corporate head office assets, including primarily cash and cash equivalents and deferred taxes. Certain assets were reclassified from the unallocated corporate head office to the DSD Segment during the first quarter of our fiscal 2018.
Sales by product category in each reportable segment are as follows for the twelve and forty weeks ended October 6, 2018 and October 7, 2017, respectively (amounts in thousands):
|  | For the Twelve Weeks Ended |  |  | For the Twelve Weeks Ended |
|  | October 6, 2018 |  |  | October 7, 2017 |
|  | DSD Segment |  |  | Warehouse Segment |  |  | Total |  |  | DSD Segment |  |  | Warehouse Segment |  |  | Total |
Branded retail |  | $ | 514,405 |  |  | $ | 32,945 |  |  | $ | 547,350 |  |  | $ | 514,346 |  |  | $ | 36,963 |  |  | $ | 551,309 |
Store branded retail |  |  | 114,581 |  |  |  | 26,418 |  |  |  | 140,999 |  |  |  | 110,853 |  |  |  | 27,803 |  |  |  | 138,656 |
Non-retail and other |  |  | 151,267 |  |  |  | 83,833 |  |  |  | 235,100 |  |  |  | 162,056 |  |  |  | 80,801 |  |  |  | 242,857 |
Total |  | $ | 780,253 |  |  | $ | 143,196 |  |  | $ | 923,449 |  |  | $ | 787,255 |  |  | $ | 145,567 |  |  | $ | 932,822 |
|  | For the Forty Weeks Ended |  |  | For the Forty Weeks Ended |
|  | October 6, 2018 |  |  | October 7, 2017 |
|  | DSD Segment |  |  | Warehouse Segment |  |  | Total |  |  | DSD Segment |  |  | Warehouse Segment |  |  | Total |
Branded retail |  | $ | 1,700,461 |  |  | $ | 116,192 |  |  | $ | 1,816,653 |  |  | $ | 1,674,871 |  |  | $ | 121,052 |  |  | $ | 1,795,923 |
Store branded retail |  |  | 372,802 |  |  |  | 90,369 |  |  |  | 463,171 |  |  |  | 368,371 |  |  |  | 86,960 |  |  |  | 455,331 |
Non-retail and other |  |  | 519,100 |  |  |  | 272,261 |  |  |  | 791,361 |  |  |  | 536,765 |  |  |  | 259,091 |  |  |  | 795,856 |
Total |  | $ | 2,592,363 |  |  | $ | 478,822 |  |  | $ | 3,071,185 |  |  | $ | 2,580,007 |  |  | $ | 467,103 |  |  | $ | 3,047,110 |
The tables above present certain sales by category that have been reclassified from amounts previously reported.

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- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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