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Acquisition (Tables) | 4 Months Ended
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Apr. 19, 2025
Business Combinations [Abstract] |
Summary of Consideration Paid and Identifiable Assets Acquired and Liabilities Assumed | The following table summarizes the preliminary fair value of purchase consideration paid for Simple Mills and the preliminary allocation of the purchase consideration to the assets acquired and liabilities assumed based on their estimated fair value. The goodwill, identifiable intangible assets, taxes, and certain other assets and liabilities and post-close purchase price adjustments are still under review. When all relevant information is obtained, resulting changes, if any, to our provisional purchase price allocation will be adjusted to reflect new information obtained about the facts and circumstances that existed as of the respective acquisition date that, if known, would have affected the measurement of the amounts recognized as of those dates.
Fair value of consideration transferred: |  |  |
Cash consideration paid at closing |  | $ | 830,713 |
Payable to seller |  |  | 17,824 |
Total consideration |  | $ | 848,537 |
Recognized amounts of identifiable assets acquired and liabilities assumed: |  |  |
Cash and cash equivalents |  | $ | 38,833 |
Accounts receivable, net of allowances |  |  | 18,065 |
Inventories |  |  | 19,612 |
Property, plant, and equipment |  |  | 1,729 |
Operating lease right-of-use assets |  |  | 1,668 |
Customer relationships |  |  | 173,100 |
Trademarks - infinite-lived |  |  | 334,300 |
Other financial assets |  |  | 1,936 |
Total identifiable assets acquired |  | $ | 589,243 |
Current maturities of operating leases |  |  | 1,172 |
Accounts payable |  |  | 14,702 |
Other financial liabilities |  |  | 7,621 |
Deferred income taxes, net |  |  | 104,098 |
Total liabilities assumed |  | $ | 127,593 |
Total identifiable net assets acquired |  | $ | 461,650 |
Goodwill |  | $ | 386,887 |
Schedule of Acquired Intangible Assets Subject to Amortization | The following table presents the acquired intangible assets subject to amortization (amounts in thousands, except amortization periods):
|  | Total |  |  | Amortization years |  | Amortization Method
Customer relationships |  | $ | 173,100 |  |  | 17 |  | Straight-line
Trademarks |  |  | 334,300 |  |  | Indefinite |  | N/A
Total intangible assets |  | $ | 507,400 |  |  |  |  |
Schedule of Supplemental Pro Forma Revenue And Net Earnings of The Combined Entity Had The Acquisition Date | The following table provides the supplemental pro forma net sales and net income of the combined entity had the acquisition date of Simple Mills been December 31, 2023, the first day of Fiscal 2024 (amounts in thousands):
| For the Sixteen Weeks Ended |
| April 19, 2025 |  |  | April 20, 2024 |
Net sales | $ | 1,590,117 |  |  | $ | 1,630,003 |
Net income attributable to Flowers Foods | $ | 58,711 |  |  | $ | 52,026 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 + Details
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- Definition Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination. + References No definition available. + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
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