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Long-Term Debt (Narrative) (Details) $ in Millions | 3 Months Ended
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Apr. 03, 2021 USD ($)
Debt Instrument [Line Items] |
Lessee, Finance Lease, Description | During the first quarter of 2021, the Company recognized additional finance lease liabilities of $29.9 million in the aggregate, together with a corresponding amount of right-of-use assets recorded in property, plant and equipment, related to the addition of new plant-based beverage and ingredient extraction processing and packaging equipment. The finance leases have implicit rates of interest of 8.08% to 8.85% and lease terms of five years.
Revolving Credit Facility [Member] |
Debt Instrument [Line Items] |
Line of Credit Facility, Maximum Borrowing Capacity | $ 250
Line of credit facility, interest rate description | Borrowings under the Facilities bear interest based on various reference rates including LIBOR plus an applicable margin. With respect to loans under the Revolving Credit Facility, the applicable margin will be set quarterly based on average borrowing availability for the preceding fiscal quarter and will range from 0.50% to 1.00% for base rate borrowings and from 1.50% to 2.00% for eurocurrency rate, bankers' acceptance rate and European base rate borrowings, with a reduction of 0.25% when the Company's total leverage ratio is less than a specific threshold on or after the one year anniversary of the closing date of the Facilities. With respect to loans under the Term Loan Facility, the applicable margin will be set quarterly based on average borrowing availability for the preceding fiscal quarter and will range from 1.25% to 1.75% for base rate borrowings and from 2.25% to 2.75% for eurocurrency rate, bankers' acceptance rate and European base rate borrowings. In addition to paying interest on outstanding principal under the Facilities, the Company is required to pay commitment fees quarterly, in arrears, equal to (i) 0.25% of the average daily undrawn portion of the Revolving Credit Facility and (ii) 0.375% of the undrawn portion of the Term Loan Facility. As at April 3, 2021, the weighted-average interest rate on all outstanding borrowings under the Revolving Credit Facility was 2.25%.
Term Loan Facility [Member] |
Debt Instrument [Line Items] |
Line of Credit Facility, Maximum Borrowing Capacity | $ 75

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