XML 50 R39.htm IDEA: XBRL DOCUMENT
v3.21.2

Debt and Other Obligations (Tables) | 9 Months Ended
--- | ---
Oct. 09, 2021
Long Term Debt (Net of Issuance Costs and Debt Discounts Excluding Line-of-credit Arrangements) | Long-term debt (net of issuance costs and debt discounts excluding line-of-credit arrangements) (leases are separately discussed in Note 4, Leases) consisted of the following at October 9, 2021 and January 2, 2021, respectively (amounts in thousands):
|  | October 9, 2021 |  |  | January 2, 2021 |
Unsecured credit facility |  | $ | — |  |  | $ | 50,000 |
2031 notes |  |  | 493,036 |  |  |  | — |
2026 notes |  |  | 397,144 |  |  |  | 396,705 |
2022 notes |  |  | — |  |  |  | 399,398 |
Accounts receivable securitization facility |  |  | — |  |  |  | 114,000 |
|  |  | 890,180 |  |  |  | 960,103 |
Less current maturities of long-term debt |  |  | — |  |  |  | — |
Total long-term debt |  | $ | 890,180 |  |  | $ | 960,103 |
Aggregate Maturities of Debt Outstanding | Aggregate maturities of debt outstanding as of October 9, 2021 are as follows (excluding unamortized debt discount and issuance costs) (amounts in thousands):
Remainder of 2021 |  | $ | — |
2022 |  |  | — |
2023 |  |  | — |
2024 |  |  | — |
2025 |  |  | — |
2026 and thereafter |  |  | 900,000 |
Total |  | $ | 900,000 |
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 October 9, 2021 (amounts in thousands):
|  |  |  |  |  | Debt Issuance Costs |  |  |  |  |
|  | Face Value |  |  | and Debt Discount |  |  | Net Carrying Value |
2031 notes |  | $ | 500,000 |  |  | $ | 6,964 |  |  | $ | 493,036 |
2026 notes |  |  | 400,000 |  |  |  | 2,856 |  |  |  | 397,144 |
Total |  | $ | 900,000 |  |  | $ | 9,820 |  |  | $ | 890,180 |
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, 2021 (amounts in thousands):
|  |  |  |  |  | Debt Issuance Costs |  |  |  |  |
|  | Face Value |  |  | and Debt Discount |  |  | Net Carrying Value |
2026 notes |  | $ | 400,000 |  |  | $ | 3,295 |  |  | $ | 396,705 |
2022 notes |  |  | 400,000 |  |  |  | 602 |  |  |  | 399,398 |
Total |  | $ | 800,000 |  |  | $ | 3,897 |  |  | $ | 796,103 |
Accounts Receivable Securitization Facility |
Schedule of Borrowings and Repayments Under Credit Facility | The table below presents the borrowings and repayments under the facility during the forty weeks ended October 9, 2021:
|  | Amount (thousands) |
Balance at January 2, 2021 |  | $ | 114,000 |
Borrowings |  |  | — |
Payments |  |  | (114,000 | )
Balance at October 9, 2021 |  | $ | — |
Schedule of Net Amount Available Under Credit Facility | The table below presents the net amount available for working capital and general corporate purposes under the facility as of October 9, 2021:
|  | Amount (thousands) |
Gross amount available |  | $ | 187,300 |
Outstanding |  |  | — |
Available for withdrawal |  | $ | 187,300 |
Schedule of Highest and Lowest Outstanding Balance Under Credit Facility | The table below presents the highest and lowest outstanding balance under the facility during the forty weeks ended October 9, 2021:
|  | Amount (thousands) |
High balance |  | $ | 114,000 |
Low balance |  | $ | — |
Unsecured Credit Facility |
Schedule of Borrowings and Repayments Under Credit Facility | Amounts outstanding under the credit facility can vary daily. Changes in the gross borrowings and repayments can be caused by cash flow activity from operations, capital expenditures, acquisitions, dividends, share repurchases, and tax payments, as well as derivative transactions, which are part of the company’s overall risk management strategy as discussed in Note 8, Derivative Financial Instruments, of Notes to Condensed Consolidated Financial Statements of this Form 10-Q. The table below presents the borrowings and repayments under the credit facility during the forty weeks ended October 9, 2021.
|  | Amount (thousands) |
Balance at January 2, 2021 |  | $ | 50,000 |
Borrowings |  |  | — |
Payments |  |  | (50,000 | )
Balance at October 9, 2021 |  | $ | — |
Schedule of Net Amount Available Under Credit Facility | The table below presents the net amount available under the credit facility as of October 9, 2021:
|  | Amount (thousands) |
Gross amount available |  | $ | 500,000 |
Outstanding |  |  | — |
Letters of credit |  |  | (8,400 | )
Available for withdrawal |  | $ | 491,600 |
Schedule of Highest and Lowest Outstanding Balance Under Credit Facility | The table below presents the highest and lowest outstanding balance under the credit facility during the forty weeks ended October 9, 2021:
|  | Amount (thousands) |
High balance |  | $ | 50,000 |
Low balance |  | $ | — |

X
- Definition Schedule of lines of credit repayments and borrowings. + References No definition available. + Details
Name: | flo_ScheduleOfLinesOfCreditRepaymentsAndBorrowingsTableTextBlock
Namespace Prefix: | flo_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of outstanding balance on line of credit facility. + References No definition available. + Details
Name: | flo_ScheduleOfOutstandingBalanceOnLineOfCreditFacilityTableTextBlock
Namespace Prefix: | flo_
Data Type: | dtr-types: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: | dtr-types: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://fasb.org/us-gaap/role/ref/legacyRef -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=120391452&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=124435984&loc=d3e28541-108399 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21506-112644 Reference 5: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69B -URI http://asc.fasb.org/extlink&oid=123466577&loc=SL123495735-112612 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=124435984&loc=d3e28551-108399 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69E -URI http://asc.fasb.org/extlink&oid=123466577&loc=SL123495743-112612 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21521-112644 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21538-112644 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=123599511&loc=d3e64711-112823 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21475-112644 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123465755&loc=d3e1835-112601 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_CreditFacilityAxis=flo_AccountsReceivableSecuritizationFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=flo_UnsecuredCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |