XML 50 R32.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Unaudited Quarterly Financial Information | 12 Months Ended
--- | ---
Jan. 01, 2022
Quarterly Financial Information Disclosure [Abstract] |
Unaudited Quarterly Financial Information |
Note 2 3. | Unaudited Quarterly Financial Information
Results of operations for each of the four quarters in the respective fiscal years are as follows. For Fiscal 2021, each quarter represents a period of twelve weeks, except the first quarter, which includes sixteen weeks. For Fiscal 2020, first quarter consisted of sixteen weeks, second and third quarters twelve weeks, and fourth quarter thirteen weeks. (amounts in thousands, except per share data):
|  |  |  | First Quarter |  |  | Second Quarter |  |  | Third Quarter |  |  | Fourth Quarter |
Sales |  | 2021 |  | $ | 1,302,168 |  |  | $ | 1,017,309 |  |  | $ | 1,027,800 |  |  | $ | 983,490 |
|  | 2020 |  | $ | 1,349,444 |  |  | $ | 1,025,861 |  |  | $ | 989,650 |  |  | $ | 1,023,036 |
Materials, supplies, labor and other production costs (exclusive of depreciation and amortization shown separately)* |  | 2021 |  | $ | 643,576 |  |  | $ | 504,062 |  |  | $ | 515,078 |  |  | $ | 512,531 |
|  | 2020 |  | $ | 670,873 |  |  | $ | 506,033 |  |  | $ | 497,659 |  |  | $ | 521,577 |
Net income (loss) |  | 2021 |  | $ | 71,655 |  |  | $ | 56,358 |  |  | $ | 38,852 |  |  | $ | 39,322 |
|  | 2020 |  | $ | (5,772 | ) |  | $ | 57,919 |  |  | $ | 44,347 |  |  | $ | 55,824 |
Basic net income (loss) per share |  | 2021 |  | $ | 0.34 |  |  | $ | 0.27 |  |  | $ | 0.18 |  |  | $ | 0.19 |
|  | 2020 |  | $ | (0.03 | ) |  | $ | 0.27 |  |  | $ | 0.21 |  |  | $ | 0.26 |
Diluted net income (loss) per share |  | 2021 |  | $ | 0.34 |  |  | $ | 0.26 |  |  | $ | 0.18 |  |  | $ | 0.18 |
|  | 2020 |  | $ | (0.03 | ) |  | $ | 0.27 |  |  | $ | 0.21 |  |  | $ | 0.26 |
* |
| 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 2021 (amounts in thousands):
Items presented separately on the Consolidated Statements of Income |  | First Quarter |  |  | Second Quarter |  |  | Third Quarter |  |  | Fourth Quarter |  |  | Fiscal 2021 |  |  | Footnote
Loss (recovery) on inferior ingredients |  | $ | 122 |  |  | $ | — |  |  | $ | (950 | ) |  | $ | 1,772 |  |  | $ | 944 |  |  | Note 4
Multi-employer pension plan withdrawal costs |  | $ | — |  |  | $ | — |  |  | $ | 3,300 |  |  | $ | — |  |  | $ | 3,300 |  |  | Note 20
Pension plan settlement loss |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 403 |  |  | $ | 403 |  |  | Note 20
The table below presents financial results that impact comparability, by quarter, for Fiscal 2020 (amounts in thousands):
Items presented separately on the Consolidated Statements of Income |  | First Quarter |  |  | Second Quarter |  |  | Third Quarter |  |  | Fourth Quarter |  |  | Fiscal 2020 |  |  | Footnote
Loss on inferior ingredients |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 107 |  |  | $ | 107 |  |  | Note 4
Restructuring and related impairment charges |  | $ | — |  |  | $ | 10,535 |  |  | $ | 20,100 |  |  | $ | 4,848 |  |  | $ | 35,483 |  |  | Note 5
Pension plan settlement and curtailment loss (gain) |  | $ | 116,207 |  |  | $ | — |  |  | $ | (7,153 | ) |  | $ | (297 | ) |  | $ | 108,757 |  |  | Note 20

X
- References No definition available. + Details
Name: | us-gaap_QuarterlyFinancialInformationDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=124502072&loc=SL124452896-108306 + Details
Name: | us-gaap_QuarterlyFinancialInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration