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Business acquisition (Tables) | 12 Months Ended
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Dec. 30, 2017
Business Acquisition [Line Items] |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | Sunrise Holdings (Delaware), Inc. The following table summarizes the fair values of the assets acquired and liabilities assumed as at the acquisition date:
|  |  |  |  |  |  | $
Cash and cash equivalents |  |  |  | 1,728
Accounts receivable |  |  |  | 26,090
Inventories(1) |  |  |  | 124,829
Income taxes recoverable |  |  |  | 12,025
Other current assets |  |  |  | 3,982
Property, plant and equipment |  |  |  | 46,068
Intangible assets(2) |  |  |  | 170,000
Accounts payable and accrued liabilities |  |  |  | (24,169)
Long-term debt, including current portion |  |  |  | (7,620)
Deferred income taxes, net |  |  |  | (75,193)
Net identifiable assets acquired |  |  |  | 277,740
Goodwill(3) |  |  |  | 196,709
Non-controlling interest(4) |  |  |  | (1,781)
Net assets acquired |  |  |  | 472,668
(1) Includes an estimated fair value adjustment to inventory of $19.0 million, of which $15.0 million and $4.0 million was recognized in costs of goods s old for inventory sold during 2016 and in the fourth quarter of 2015, respectively. (2) The identified intangible assets relate to customer relationships in existence at the acquisition date between Sunrise and major U.S. retail and foodservice customers. The customer relationships intangible assets will be amortized over an estimated weighted-a verage useful life of approximately 23 years. The estimated fair value of the intangible asset was determined using an income approach (discounted cash flow method), which applied a risk-adjusted discount rate of approximately 12.0%. (3) Goodwill is cal culated as the difference between the acquisition-date fair values of the total consideration and the net assets acquired. The total amount of goodwill has been assigned to the Consumer Products operating segment and is not expected to be deductible for t ax purposes. The goodwill recognized is attributable to: (i) cost savings, operating synergies, and other benefits expected to result from combining the operations of Sunrise with those of the Company; (ii) the value of longer-term growth prospects in the private label frozen fruit market; (iii) the value of acquiring the current capabilities and low-cost position of the existing Sunrise business (i.e., the higher rate of return on the assembled net assets versus acquiring all of the net assets separately); and (iv) the v alue of Sunrise’s assembled workforce. In 2017, the Company recorded a $115.0 million impairment charge related to the goodwill that arose from the Sunrise Acquisition (see note 11). (4) Represents the estimated fair value of the non-controlling interest in Sunrise’s 75%-owned Mexican subsidiary, Opus Foods Mexico, S.A. de C.V. (“Opus”). In 2017, the Company acquired all of the non-controlling interests in Opus (see note 3). Niagara Natural Fruit Snack Company Inc. The following table summarizes the fair values of the assets acquired and liabilities assumed as at the acquisition date:
|  |  |  |  | Provisional Amounts Recognized as at the Acquisition Date | Measurement Period Adjustment(1) | Final Amounts Recognized as at the Acquisition Date
|  |  |  |  | $ | $ | $
Current assets |  | 2,220 | (292) | 1,928
Machinery and equipment |  | 3,414 | - | 3,414
Intangible assets(2) |  | 2,459 | - | 2,459
Current liabilities |  | (687) | - | (687)
Net identifiable assets acquired |  | 7,406 | (292) | 7,114
Goodwill(3) |  | 1,636 | - | 1,636
Net assets acquired |  | 9,042 | (292) | 8,750
(1) The measurement period adjustment reflected the final determination of net working capital as at the acquisition date. (2) Intangible assets comprise customer relationships and non-competition arrangements, which will be amortized over an estimated weighted-average useful life of approximately 19 years. (3) The total amount of goodwill was assigned to the Consumer Products operating segment. Citrusource, LLC The following table summarizes the fair values of the assets acquired a nd liabilities assumed as at the acquisition date:
|  |  |  |  |  |  | $
Accounts receivable |  |  |  | 2,351
Inventories |  |  |  | 1,745
Machinery and equipment |  |  |  | 164
Customer relationships intangible asset(1) |  |  |  | 14,000
Accounts payable and accrued liabilities |  |  |  | (1,666)
Net identifiable assets acquired |  |  |  | 16,594
Goodwill(2) |  |  |  | 15,136
Net assets acquired |  |  |  | 31,730
(1) The customer relationships intangible asset was recognized based on contracts in existence at the acquisition date between Citrusource and major U.S. retail customers. This intangible asset will be amortized over an estimated useful life of approximately 12 years. (2) Goodwill is calculated as the difference between the acquisition-date fair values of the consideration transferred and net assets acquired. The total amount of goodwill has been assigned to the Consumer Products operating segment and is expected to be fully deductible for tax purposes. The goodwill recognized is attributable to: (i) operating synergies expected to result from combining the operations of Citrusource with those of the Company; and (ii) opportunities to leverage the business experience of Citrusource’s management team to grow the Company’s existing citrus beverage program.

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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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