XML 38 R22.htm IDEA: XBRL DOCUMENT
v3.22.4

Leases | 12 Months Ended
--- | ---
Dec. 31, 2022
Leases [Abstract] |
Leases | Note 13. Leases Qualitative disclosures about our leases, including the significant policy elections, can be found in Note 2, Summary of Significant Accounting Policies. The quantitative disclosures are presented below. Lease costs incurred by lease type, and/or type of payment for Fiscal 2022, 2021 and 2020 were as follows (in thousands):
|  | Fiscal 2022 |  |  | Fiscal 2021 |  |  | Fiscal 2020 |
Lease cost: |  |  |  |  |  |  |  |  |
Amortization of right-of-use assets |  | $ | 1,705 |  |  | $ | 1,751 |  |  | $ | 7,190 |
Interest on lease liabilities |  |  | 93 |  |  |  | 154 |  |  |  | 846 |
Operating lease cost |  |  | 62,115 |  |  |  | 68,927 |  |  |  | 69,926 |
Short-term lease cost |  |  | 2,897 |  |  |  | 3,075 |  |  |  | 3,058 |
Variable lease cost |  |  | 33,223 |  |  |  | 27,120 |  |  |  | 24,815 |
Total lease cost |  | $ | 100,033 |  |  | $ | 101,027 |  |  | $ | 105,835 |
Other supplemental quantitative disclosures as of, and for, Fiscal 2022 and Fiscal 2021 were as follows (in thousands):
|  | Fiscal 2022 |  |  | Fiscal 2021 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |
Operating cash flows from financing leases |  | $ | 93 |  |  | $ | 154 |
Operating cash flows from operating leases |  | $ | 57,166 |  |  | $ | 68,802 |
Financing cash flows from financing leases |  | $ | 1,597 |  |  | $ | 1,745 |
Right-of-use assets obtained in exchange for new financing lease liabilities |  | $ | — |  |  | $ | 37 |
Right-of-use assets obtained in exchange for new operating lease liabilities |  | $ | 33,559 |  |  | $ | 55,869 |
Weighted-average remaining lease term (years): |  |  |  |  |  |
Financing leases |  |  | 1.1 |  |  |  | 2.1 |
Operating leases |  |  | 7.8 |  |  |  | 8.3 |
Weighted-average IBR (percentage): |  |  |  |  |  |
Financing leases |  |  | 3.5 |  |  |  | 3.5 |
Operating leases |  |  | 3.8 |  |  |  | 3.8 |
Estimated undiscounted future lease payments under non-cancelable operating leases and financing leases, along with a reconciliation of the undiscounted cash flows to operating and financing lease liabilities, respectively, as of December 31, 2022 (in thousands) were as follows:
|  | Operating lease liabilities |  |  | Financing lease liabilities |
2023 |  | $ | 61,406 |  |  | $ | 1,828 |
2024 |  |  | 55,035 |  |  |  | 100 |
2025 |  |  | 52,379 |  |  |  | — |
2026 |  |  | 36,159 |  |  |  | — |
2027 |  |  | 30,509 |  |  |  | — |
Thereafter |  |  | 114,359 |  |  |  | — |
Total minimum lease payments |  |  | 349,847 |  |  |  | 1,928 |
Less: amount of lease payments representing interest |  |  | (68,880 | ) |  |  | (33 | )
Present value of future minimum lease payments |  |  | 280,967 |  |  |  | 1,895 |
Less: current obligations under leases |  |  | (43,990 | ) |  |  | (1,779 | )
Long-term lease obligations |  | $ | 236,977 |  |  | $ | 116 |
The following table details lease modifications and renewals and lease impairments (amounts in thousands):
|  | Fiscal 2022 |  |  | Fiscal 2021 |
Lease modifications and renewals |  | $ | 28,278 |  |  | $ | 46,790 |
Lease terminations |  | $ | 6,035 |  |  | $ | 41,610 |
The lease modifications and renewals for Fiscal 2022 include $11.2 million related to a 10 year extension for a warehouse lease. For Fiscal 2021, the lease modifications and renewals include $28.9 million related to a five year extension for a freezer storage lease. During Fiscal 2021, the company purchased twenty-seven warehouses that were included in the company’s operating leased assets for $64.7 million. Two of the purchased properties were fully impaired in Fiscal 2020, resulting in the recognition of a $2.6 million gain upon completion of the purchase of these assets and this amount is included in the selling, distribution, and administrative expenses line items of the Consolidated Statements of Income. The carrying values for the remaining twenty-five leases, totaling $35.4 million, are included in the ‘Lease terminations’ line above.

X
- Definition Lessee operating and financing leases. + References No definition available. + Details
Name: | flo_LesseeOperatingAndFinancingLeasesTextBlock
Namespace Prefix: | flo_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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