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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.