XML 27 R13.htm IDEA: XBRL DOCUMENT
v3.23.1

Leases | 4 Months Ended
--- | ---
Apr. 22, 2023
Leases [Abstract] |
Leases | 5. LEASES The company’s leases consist of the following types of assets: two bakeries, corporate office space, warehouses, bakery equipment, transportation and IT equipment. The quantitative disclosures for our leases follow below. The following table details lease modifications and renewals and lease terminations (amounts in thousands):
|  | For the Sixteen Weeks Ended |
|  | April 22, 2023 |  |  | April 23, 2022 |
Lease modifications and renewals |  | $ | 17,348 |  |  | $ | 13,815 |
Lease terminations |  | $ | 36 |  |  | $ | 1,024 |
The lease modifications and renewals for the sixteen weeks ended April 22, 2023 include $10.6 million related to a 10-year extension for a freezer storage lease that occurred during our first quarter of Fiscal 2023. For the sixteen weeks ended April 23, 2022, the lease modifications and renewals include $11.2 million related to a 10-year extension for a warehouse lease. Lease costs incurred by lease type, and/or type of payment, and other supplemental quantitative disclosures as of and for the sixteen weeks ended April 22, 2023 and April 23, 2022 were as follows (amounts in thousands):
|  | For the Sixteen Weeks Ended |
|  | April 22, 2023 |  |  | April 23, 2022 |
Lease cost: |  |  |  |  |  |
Amortization of right-of-use assets |  | $ | 524 |  |  | $ | 524 |
Interest on lease liabilities |  |  | 16 |  |  |  | 35 |
Operating lease cost |  |  | 19,318 |  |  |  | 19,648 |
Short-term lease cost |  |  | 825 |  |  |  | 698 |
Variable lease cost |  |  | 10,924 |  |  |  | 9,638 |
Total lease cost |  | $ | 31,607 |  |  | $ | 30,543 |
|  | For the Sixteen Weeks Ended |
|  | April 22, 2023 |  |  | April 23, 2022 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |
Operating cash flows from financing leases |  | $ | 16 |  |  | $ | 35 |
Operating cash flows from operating leases |  | $ | 21,134 |  |  | $ | 16,400 |
Financing cash flows from financing leases |  | $ | 599 |  |  | $ | 426 |
Right-of-use assets obtained in exchange for new financing lease liabilities |  | $ | — |  |  | $ | — |
Right-of-use assets obtained in exchange for new operating lease liabilities |  | $ | 17,628 |  |  | $ | 14,834 |
Weighted-average remaining lease term (years): |  |  |
Financing leases |  |  | 0.8 |
Operating leases |  |  | 7.7 |
Weighted-average IBR (percentage): |  |  |
Financing leases |  |  | 3.4 |
Operating leases |  |  | 3.9 |
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 April 22, 2023 (in thousands) were as follows:
|  | Operating lease liabilities |  |  | Financing lease liabilities |
Remainder of 2023 |  | $ | 40,771 |  |  | $ | 1,214 |
2024 |  |  | 55,881 |  |  |  | 104 |
2025 |  |  | 53,146 |  |  |  | — |
2026 |  |  | 36,677 |  |  |  | — |
2027 |  |  | 30,903 |  |  |  | — |
2028 and thereafter |  |  | 119,581 |  |  |  | — |
Total minimum lease payments |  |  | 336,959 |  |  |  | 1,318 |
Less: amount of lease payments representing interest |  |  | (50,432 | ) |  |  | (16 | )
Present value of future minimum lease payments |  |  | 286,527 |  |  |  | 1,302 |
Less: current obligations under leases |  |  | (49,606 | ) |  |  | (1,232 | )
Long-term lease obligations |  | $ | 236,921 |  |  | $ | 70 |

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