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Acquisitions (Tables)

6 Months Ended

Jun. 24, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of pro forma consolidated statement of operations information

The Company reflected net sales and income before taxes in its consolidated statement of operations related to the Capital Seaboard acquisition as follows:

			Thirteen Weeks Ended									Twenty-Six Weeks Ended
			June 24, 2022												June 24, 2022
Net sales			$	38,671											$	70,353
Income before income taxes			$	1,759											$	2,892

The pro forma information reflects amortization and depreciation of the acquisitions at their respective fair values.

			Thirteen Weeks Ended												Twenty-Six Weeks Ended
			June 24, 2022						June 25, 2021						June 24, 2022						June 25, 2021
Net sales			$	667,413					$	477,733					$	1,179,516					$	801,188
Income (loss) before income taxes			$	23,169					$	1,077					$	25,068					$	(24,450)

Schedule of purchase price allocation

The table below sets forth the preliminary purchase price allocation for these acquisitions:

									Capital Seaboard			Other Acquisitions
Current assets									$	10,130		$	8,834
Customer relationships									7,250			10,410
Trademarks									2,280			620
Goodwill									8,334			8,537
Fixed assets									9,552			197
Other assets									122			17
Current liabilities									(6,632)			(4,915)
Earn-out liability									—			(1,200)
Issuance of warrants									(1,701)			—
Total cash consideration									$	29,335		$	22,500

X

- 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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(2)
-URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(3)
-URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

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- References

No definition available.

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X

- 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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472

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