XML 52 R45.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Stock-Based Compensation (Tables) | 6 Months Ended
--- | ---
Jul. 13, 2024
Payout Determined from Total Shareholder Return Shares | The Company TSR compared to the Peer Group TSR will determine the payout as set forth below:
Percentile |  | Payout as % of Target |
90 th |  |  | 200 | %
70 th |  |  | 150 | %
50 th |  |  | 100 | %
30 th |  |  | 50 | %
Below 30 th |  |  | 0 | %
Schedule of ROIC Shares Earned Based on Ranges of Target | The ROIC Shares can be earned based on a ranges of target as defined below:
Difference of ROIC minus WACC |  | 2024 Award
Less than 150 basis points |  | 0%
150 basis points |  | 50%
300 basis points |  | 100%
450+ basis points |  | 150%
Difference of ROIC minus WACC |  | 2023 and 2022 Award
Less than 175 basis points |  | 0%
175 basis points |  | 50%
375 basis points |  | 100%
475+ basis points |  | 125%
Performance-Contingent Restricted Stock Awards | The table below presents the TSR modifier share adjustment (a 127.69% final payout), ROIC modifier share adjustment (a 125% final payout), accumulated dividends on vested shares, and the tax benefit at vesting of the performance-contingent restricted stock awards (amounts in thousands, except per share data):
Award Granted |  |  | Fiscal Year Vested |  |  | TSR Modifier Increase Shares |  |  | ROIC Modifier Increase Shares |  |  | Dividends at Vesting |  |  | Tax Benefit |  |  | Fair Value at Vesting |
| 2021 |  |  |  | 2024 |  |  |  | 92,775 |  |  |  | 83,835 |  |  | $ | 2,173 |  |  | $ | 286 |  |  | $ | 19,419 |
Performance-Contingent Restricted Stock Activity | The company’s performance-contingent restricted stock activity for the twenty-eight weeks ended July 13, 2024 is presented below (amounts in thousands, except price data):
|  | Shares |  |  | Weighted Average Grant Date Fair Value |
Nonvested shares at December 30, 2023 |  |  | 2,017 |  |  | $ | 27.70 |
Granted |  |  | 544 |  |  | $ | 24.29 |
Grant increase for achieving the ROIC modifier |  |  | 84 |  |  | $ | 22.51 |
Grant increase for achieving the TSR modifier |  |  | 93 |  |  | $ | 26.07 |
Vested |  |  | (848 | ) |  | $ | 24.40 |
Forfeited |  |  | (51 | ) |  | $ | 28.09 |
Nonvested shares at July 13, 2024 |  |  | 1,839 |  |  | $ | 27.85 |
Time-Based Restricted Stock Units Awards | The following TBRSU Shares have been granted under the Omnibus Plan during the twenty-eight weeks ended July 13, 2024 (amounts in thousands, except price data):
Grant Date |  | Shares Granted |  |  | Vesting Date |  | Fair Value per Share |
12/31/2023 |  |  | 818 |  |  | Equally over 3 years |  | $ | 22.51 |
2/16/2024 |  |  | 7 |  |  | Equally over 3 years |  | $ | 22.42 |
Time-Based Restricted Stock Units Activity | The TBRSU Shares activity for the twenty-eight weeks ended July 13, 2024 is set forth below (amounts in thousands, except price data):
|  | TBRSU Shares |  |  | Weighted Average Fair Value |  |  | Weighted Average Remaining Contractual Term (Years) |  |  | Unrecognized Compensation Cost |
Nonvested shares at December 30, 2023 |  |  | 473 |  |  | $ | 26.67 |  |  |  |  |  |  |
Vested |  |  | (249 | ) |  | $ | 25.75 |  |  |  |  |  |  |
Granted |  |  | 825 |  |  | $ | 22.53 |  |  |  |  |  |  |
Forfeitures |  |  | (77 | ) |  | $ | 24.12 |  |  |  |  |  |  |
Nonvested shares at July 13, 2024 |  |  | 972 |  |  | $ | 23.60 |  |  |  | 2.22 |  |  | $ | 17,746 |
Vesting of Time-Based Restricted Stock Units | The table below presents the accumulated dividends on vested shares and the tax (expense)/benefit at vesting of the time-based restricted stock units (amounts in thousands).
Award Granted |  |  | Fiscal Year Vested |  |  | Dividends at Vesting |  |  | Tax (Expense) Benefit |  |  | Fair Value at Vesting |
| 2023 |  |  |  | 2024 |  |  | $ | 73 |  |  | $ | (141 | ) |  | $ | 2,674 |
| 2022 |  |  |  | 2024 |  |  | $ | 103 |  |  | $ | (69 | ) |  | $ | 1,348 |
| 2021 |  |  |  | 2024 |  |  | $ | 197 |  |  | $ | 3 |  |  | $ | 1,734 |
Deferred Stock Activity | The deferred stock activity for the twenty-eight weeks ended July 13, 2024 is set forth below (amounts in thousands, except price data):
|  | Shares |  |  | Weighted Average Fair Value |  |  | Weighted Average Remaining Contractual Term (Years) |  |  | Unrecognized compensation cost |
Nonvested shares at December 30, 2023 |  |  | 68 |  |  | $ | 26.26 |  |  |  |  |  |  |
Vested |  |  | (66 | ) |  | $ | 25.70 |  |  |  |  |  |  |
Granted |  |  | 77 |  |  | $ | 23.38 |  |  |  |  |  |  |
Nonvested shares at July 13, 2024 |  |  | 79 |  |  | $ | 23.52 |  |  |  | 0.84 |  |  | $ | 1,534 |
Summary of Company's Stock Based Compensation Expense | The following table summarizes the company’s stock-based compensation expense for the twelve and twenty-eight weeks ended July 13, 2024 and July 15, 2023, respectively (amounts in thousands):
|  | For the Twelve Weeks Ended |
|  | July 13, 2024 |  |  | July 15, 2023 |
Performance-contingent restricted stock awards |  | $ | 3,393 |  |  | $ | 4,057 |
TBRSU Shares |  |  | 1,997 |  |  |  | 1,238 |
Deferred and restricted stock |  |  | 424 |  |  |  | 368 |
Total stock-based compensation |  | $ | 5,814 |  |  | $ | 5,663 |
|  | For the Twenty-Eight Weeks Ended |
|  | July 13, 2024 |  |  | July 15, 2023 |
Performance-contingent restricted stock awards |  | $ | 10,643 |  |  | $ | 11,567 |
TBRSU Shares |  |  | 5,357 |  |  |  | 3,075 |
Deferred and restricted stock |  |  | 943 |  |  |  | 857 |
Total stock-based compensation |  | $ | 16,943 |  |  | $ | 15,499 |
Performance-Contingent Total Shareholder Return Shares |
Performance Contingent TSR Shares, ROIC Shares and Restricted Stock Awards | The following performance-contingent TSR Shares have been granted during the twenty-eight weeks ended July 13, 2024 under the Omnibus Plan (amounts in thousands, except price data):
Grant Date |  | Shares Granted |  |  | Vesting Date |  | Fair Value per Share |
12/31/2023 |  |  | 272 |  |  | 2/28/2027 |  | $ | 26.07 |
Return On Invested Capital |
Performance Contingent TSR Shares, ROIC Shares and Restricted Stock Awards | The following performance-contingent ROIC Shares have been granted under the Omnibus Plan during the twenty-eight weeks ended July 13, 2024 (amounts in thousands, except price data):
Grant Date |  | Shares Granted |  |  | Vesting Date |  | Fair Value per Share |
12/31/2023 |  |  | 272 |  |  | 2/28/2027 |  | $ | 22.51 |

X
- Definition Performance contingent restricted stock awards table text block. + References No definition available. + Details
Name: | flo_PerformanceContingentRestrictedStockAwardsTableTextBlock
Namespace Prefix: | flo_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of ROIC shares earned based on ranges of target. + References No definition available. + Details
Name: | flo_ScheduleOfRoicSharesEarnedBasedOnRangesOfTargetTableTextBlock
Namespace Prefix: | flo_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of share based compensation time-based restricted stock units activity. + References No definition available. + Details
Name: | flo_ScheduleOfShareBasedCompensationTimeBasedRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | flo_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Time-based restricted stock units awards. + References No definition available. + Details
Name: | flo_TimeBasedRestrictedStockUnitsAwardsTableTextBlock
Namespace Prefix: | flo_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Time-based restricted stock units. + References No definition available. + Details
Name: | flo_TimeBasedRestrictedStockUnitsTableTextBlock
Namespace Prefix: | flo_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfCompensationCostForShareBasedPaymentArrangementsAllocationOfShareBasedCompensationCostsByPlanTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in outstanding nonvested performance-based units. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfNonvestedPerformanceBasedUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in outstanding nonvested shares. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfNonvestedShareActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of number, weighted-average exercise price or conversion ratio, aggregate intrinsic value, and weighted-average remaining contractual term for outstanding performance-based awards that are fully vested and expected to vest. Includes, but is not limited to, unvested awards for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (e)(1) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardPerformanceBasedUnitsVestedAndExpectedToVestTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_AwardTypeAxis=us-gaap_PerformanceSharesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_AwardTypeAxis=flo_ReturnOnInvestedCapitalMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |