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Summary of Significant Accounting Policies | 3 Months Ended
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Mar. 31, 2023
Revenue from Contract with Customer [Abstract] |
Summary of Significant Accounting Policies | Summary of Significant Accounting Policies Revenue Recognition Revenues from product sales are recognized at the point at which control of each product is transferred to the customer. The Company’s contracts contain performance obligations which are satisfied when customers have physical possession of each product. The majority of customer orders are fulfilled within a day and customer payment terms are typically 14 to 60 days from delivery. Shipping and handling activities are costs to fulfill the Company’s performance obligations. These costs are expensed as incurred and presented within selling, general and administrative expenses on the condensed consolidated statements of operations. The Company offers certain sales incentives to customers in the form of rebates or discounts. These sales incentives are accounted as variable consideration. The Company estimates these amounts based on the expected amount to be provided to customers and records a corresponding reduction in revenue. The Company does not expect a significant reversal in the amount of cumulative revenue recognized. Sales tax billed to customers is not included in revenue but rather recorded as a liability owed to the respective taxing authorities at the time the sale is recognized. The following table presents the Company’s net sales disaggregated by principal product category:
| Thirteen Weeks Ended |  |
| March 31, 2023 |  | March 25, 2022 |  |  |  |
Center-of-the-Plate | $ | 306,305 |  |  | 42.6 | % |  | $ | 238,776 |  |  | 46.6 | % |  |  |  |  |  |  |  |
Dry Goods | 122,934 |  |  | 17.1 | % |  | 68,796 |  |  | 13.4 | % |  |  |  |  |  |  |  |
Pastry | 89,162 |  |  | 12.4 | % |  | 50,395 |  |  | 9.8 | % |  |  |  |  |  |  |  |
Cheese and Charcuterie | 55,141 |  |  | 7.7 | % |  | 38,388 |  |  | 7.5 | % |  |  |  |  |  |  |  |
Produce | 52,999 |  |  | 7.4 | % |  | 57,154 |  |  | 11.2 | % |  |  |  |  |  |  |  |
Dairy and Eggs | 49,078 |  |  | 6.8 | % |  | 26,951 |  |  | 5.3 | % |  |  |  |  |  |  |  |
Oils and Vinegars | 28,878 |  |  | 4.0 | % |  | 21,025 |  |  | 4.1 | % |  |  |  |  |  |  |  |
Kitchen Supplies | 15,148 |  |  | 2.0 | % |  | 10,618 |  |  | 2.1 | % |  |  |  |  |  |  |  |
Total | $ | 719,645 |  |  | 100 | % |  | $ | 512,103 |  |  | 100 | % |  |  |  |  |  |  |  |
The Company determines its product category classification based on how the Company currently markets its products to its customers. The Company’s definition of its principal product categories may differ from the way in which other companies present similar information. Food Processing Costs Food processing costs include but are not limited to direct labor and benefits, applicable overhead and depreciation of equipment and facilities used in food processing activities. Food processing costs included in cost of sales were $11,674 and $9,036 for the thirteen weeks ended March 31, 2023 and March 25, 2022, respectively. Immaterial Correction of Prior Period Disclosures Subsequent to the issuance of the fiscal year 2022 consolidated financial statements, immaterial errors were identified in the weighted average remaining amortization period of intangible assets, the intangible asset amortization schedule and the debt maturity schedule. The weighted average remaining amortization period for customer relationships, non-compete agreements and trademarks were previously disclosed as 232 months, 73 months and 250 months instead of 117 months, 25 months and 165 months, respectively. This had a corresponding immaterial impact on the intangible asset amortization schedule. In addition, the debt maturity schedule previously included the $40,000 due upon maturity of the asset-based loan facility in the thereafter total instead of in the 2027 total. Further, the Company omitted that the asset-based loan facility and term loan are classified as Level 2 within the fair value hierarchy. These immaterial errors and omissions have been corrected in Note 4 “Fair Value Measurements”, Note 8 “Goodwill and Other Intangible Assets” and Note 9 “Debt Obligations”, within these condensed consolidated financial statements.

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- Definition The entire disclosure for change in accounting principle. 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