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Unaudited Quarterly Financial Information (Tables) | 12 Months Ended
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Dec. 29, 2018
Quarterly Financial Information Disclosure [Abstract] |
Results of Operations for Each Quarter | Results of operations for each of the four quarters in the respective fiscal years are as follows. Each quarter represents a period of twelve weeks, except the first quarter, which includes sixteen weeks (amounts in thousands, except per share data):
|  |  |  | First Quarter** |  |  | Second Quarter** |  |  | Third Quarter** |  |  | Fourth Quarter |
Sales |  | 2018 |  | $ | 1,206,453 |  |  | $ | 941,283 |  |  | $ | 923,449 |  |  | $ | 880,667 |
|  | 2017 |  | $ | 1,187,649 |  |  | $ | 926,639 |  |  | $ | 932,822 |  |  | $ | 873,623 |
Materials, supplies, labor and other production costs (exclusive of depreciation and amortization shown separately)* |  | 2018 |  | $ | 625,122 |  |  | $ | 488,871 |  |  | $ | 485,680 |  |  | $ | 467,155 |
|  | 2017 |  | $ | 608,068 |  |  | $ | 468,246 |  |  | $ | 476,264 |  |  | $ | 456,895 |
Net income (loss) |  | 2018 |  | $ | 51,247 |  |  | $ | 45,442 |  |  | $ | 39,630 |  |  | $ | 20,841 |
|  | 2017 |  | $ | 60,418 |  |  | $ | 44,740 |  |  | $ | (33,571 | ) |  | $ | 78,533 |
Basic net income (loss) per share |  | 2018 |  | $ | 0.24 |  |  | $ | 0.22 |  |  | $ | 0.19 |  |  | $ | 0.10 |
|  | 2017 |  | $ | 0.29 |  |  | $ | 0.21 |  |  | $ | (0.16 | ) |  | $ | 0.37 |
Diluted net income (loss) per share |  | 2018 |  | $ | 0.24 |  |  | $ | 0.21 |  |  | $ | 0.19 |  |  | $ | 0.10 |
|  | 2017 |  | $ | 0.29 |  |  | $ | 0.21 |  |  | $ | (0.16 | ) |  | $ | 0.37 |
* | The company does not report gross margin. This line item presents our material, supplies, labor and other production costs (exclusive of depreciation and amortization shown separately) under an alternative presentation.
The table below presents financial results that impact comparability, by quarter, for fiscal 2018 (amounts in thousands):
Items presented separately on the Consolidated Statements of Income |  | First Quarter |  |  | Second Quarter |  |  | Third Quarter |  |  | Fourth Quarter |  |  | Fiscal 2018 |  |  | Footnote
Loss (recovery) on inferior ingredients |  | $ | — |  |  | $ | 3,884 |  |  | $ | (1,891 | ) |  | $ | 1,219 |  |  | $ | 3,212 |  |  | Note 5
Restructuring and related impairment charges |  | $ | 1,259 |  |  | $ | 801 |  |  | $ | 497 |  |  | $ | 7,210 |  |  | $ | 9,767 |  |  | Note 6
Multi-employer pension plan withdrawal costs |  | $ | 2,322 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2,322 |  |  | Note 22
Pension plan settlement loss |  | $ | 4,668 |  |  | $ | 1,035 |  |  | $ | 930 |  |  | $ | 1,148 |  |  | $ | 7,781 |  |  | Note 22
Impairment of assets |  | $ | 2,483 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,516 |  |  | $ | 5,999 |  |  | Note 2,13
The table below presents financial results that impact comparability, by quarter, for fiscal 2017 (amounts in thousands):
Items presented separately on the Consolidated Statements of Income |  | First Quarter |  |  | Second Quarter |  |  | Third Quarter |  |  | Fourth Quarter |  |  | Fiscal 2017 |  |  | Footnote
Gain on divestiture |  | $ | (28,875 | ) |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (28,875 | ) |  | Note 7
Restructuring and related impairment charges |  | $ | — |  |  | $ | — |  |  | $ | 100,549 |  |  | $ | 3,581 |  |  | $ | 104,130 |  |  | Note 6
Multi-employer pension plan withdrawal costs |  | $ | — |  |  | $ | — |  |  | $ | 18,268 |  |  | $ | — |  |  | $ | 18,268 |  |  | Note 22
Pension plan settlement loss |  | $ | — |  |  | $ | — |  |  | $ | 3,030 |  |  | $ | 1,619 |  |  | $ | 4,649 |  |  | Note 22
Income tax benefit resulting from tax reform |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (48,160 | ) |  | $ | (48,160 | ) |  | Note 23

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109225645&loc=d3e1280-108306 + Details
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