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Sale of Soy and Corn Business | 12 Months Ended
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Jan. 01, 2022
Sale Of Soy And Corn Business [Abstract] |
Sale of Soy and Corn Business [Text Block] | 5. Sale of Soy and Corn Business On February 22, 2019, the Company's completed the sale of its specialty and organic soy and corn business to Pipeline Foods, LLC. The soy and corn business engaged in seed and grain conditioning and corn milling from five facilities located in the U.S. and formed part of the Company's former Global Ingredients segment. Net proceeds of $63.3 million from this transaction after costs of sale were initially used to repay outstanding indebtedness of the Company. As the soy and corn business did not qualify for presentation as discontinued operations, operating results for the business prior to February 22, 2019, were reported in continuing operations on the consolidated statements of operations for year ended December 28, 2019. For the period ended February 22, 2019, the soy and corn business generated revenues of $10.3 million and reported a loss before income taxes of $0.2 million. For the year ended December 28, 2019, the Company recognized a pre-tax gain on sale of the soy and corn business of $44.0 million, which was recorded in other income.

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