XML 35 R24.htm IDEA: XBRL DOCUMENT
v3.23.3

Subsequent Event | 3 Months Ended
--- | ---
Sep. 28, 2023
Subsequent Events [Abstract] |
Subsequent Events | Note 14 – Subsequent Events On September 29, 2023, we completed the acquisition of certain assets from TreeHouse Foods, Inc. (the “Seller”) relating to its snack bars business. The acquired assets include inventory, a manufacturing facility and related equipment located in Lakeville, Minnesota, and customer relationships, among others (the "Lakeville Acquisition"). The initial purchase price was approximately $61,252 in cash, which included approximately $37,346 of inventory, and is subject to certain post-closing adjustments. In November 2023, we expect to receive $2,435 from the Seller for a purchase price adjustment to the final inventory acquired, for a revised net purchase price of approximately $58,817. The initial accounting for this business combination is incomplete as we are awaiting the fair value analysis and therefore the required ASC 805 disclosures are not available to be made. The purchase price for the Lakeville Acquisition was funded from borrowings under the Credit Facility as amended by the Second Amendment. On September 29, 2023, we entered into the Second Amendment to our Amended and Restated Credit Agreement (the "Second Amendment"), which (among other things) increased the borrowing capacity under the Credit Facility to $150,000 from $117,500 to provide extra available capacity for the short-term working capital requirements of the business acquired pursuant to the Lakeville Acquisition. The Second Amendment also extends the maturity date of the Credit Facility to September 29, 2028.

X
- References No definition available. + Details
Name: | us-gaap_SubsequentEventsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483399/855-10-50-2 + Details
Name: | us-gaap_SubsequentEventsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration