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Summary Of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2015
Summary Of Significant Accounting Policies Tables  
Schedule Of Property And Equipment, Estimated Useful Lives
Category   Years
Buildings and improvements   31 and 39
Machinery and equipment   5 - 12
Office equipment   5 - 7
Vehicles   5
Leasehold improvements   Shorter of expected useful life or lease term
Schedule Of Intangible Assets Useful Lives
Category   Years
Recipes   4
Trade names   8-15
Formula   10
Customer lists   8-10
Customer relationships   8-12
Schedule of corrections and adjustments

These adjustments had the following impact on our 2015 quarterly and annual Consolidated Statement of Income and Comprehensive Income (dollars in thousands):

 

  

(Unaudited)

Three Months Ended

March 31, 2015

  

(Unaudited)

Six Months Ended

June 30, 2015

 
   As
Previously
Reported
(a)		   Adjustment   As
Restated		   As
Previously
Reported
(a)		   Adjustment   As
Restated		 
                         
Net Sales  $29,622   $–   $29,622   $59,443   $–   $59,443 
Cost of Goods Sold   21,239    458    21,697    44,044    1,017    45,061 
Gross Profit   8,383    (458)   7,925    15,399    (1,017)   14,382 
                               
Selling expenses   3,302    –    3,302    5,920    –    5,920 
General & administrative   3,492    (458)   3,034    7,662    (1,017)   6,645 
Amortization   179    –    179    358    –    358 
Operating expenses   6,973    (458)   6,515    13,940    (1,017)   12,923 
                               
                               
Income from Operations  $1,410   $–   $1,410   $1,459   $–   $1,459 
                               

 

  

(Unaudited)

Nine Months Ended

September 30, 2015

  

 

Twelve Months Ended

December 31, 2015

 
  

As
Previously
Reported

(c)

  

Adjustment

(b)

   As
Restated		  

As
Previously
Reported

(d)

  

Adjustment

(b)

   As
Restated		 
                         
Net Sales  $89,042   $–   $89,042   $118,587   $–   $118,587 
Cost of Goods Sold   64,588    1,137    65,725    86,986    1,719    88,705 
Gross Profit   24,454    (1,137)   23,317    31,601    (1,719)   29,882 
                               
Selling expenses   9,486    (860)   8,626    12,752    (860)   11,892 
General & administrative   10,920    (277)   10,643    13,730    (859)   12,871 
Amortization   537    –    537    716    –    716 
Operating expenses   20,943    (1,137)   19,806    27,198    (1,719)   25,479 
                               
                               
Income from Operations  $3,511   $–   $3,511   $4,403   $–   $4,403 

 

(a) As previously reported in our first and second quarter 2016 Form 10-Q filings.

(b) Includes the reclassification of certain executive compensation from Selling to G&A expenses.

(c) As previously reported in our third quarter 2015 Form 10-Q filed on November 9, 2015.

(d) As previously reported in our 2015 Form 10-K filed on March 16, 2016.

 

The reclassifications related to certain executive compensation had the following impact on our 2014 and 2013 Consolidated Statement of Income and Comprehensive Income (dollars in thousands):

 

  

Twelve Months Ended

December 31, 2014

  

 

Twelve Months Ended

December 31, 2013

 
  

As Previously Reported

(d)

   Reclassification   As Revised  

As Previously Reported

(d)

   Reclassification   As Revised 
                         
Selling expenses  $14,534   $(2,923)  $11,611   $11,296   $(2,165)  $9,131 
General & administrative   9,378    2,923    12,301    7,583    2,165    9,748 
Amortization   716    –    716    713    –    713 
Operating expenses  $24,628   $–   $24,628   $19,592   $–   $19,592