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Business Segment Information (Tables) | 3 Months Ended
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Mar. 29, 2025
Business Segment Information |
Schedule of reportable segment results | Our reportable segment results were as follows (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Thirteen Weeks Ended
​ | ​ | March 29, | ​ | March 30,
​ | ​ | 2025 | ​ | 2024
Segment net sales: | ​ | ​ | ​ | ​ | ​ | ​
Specialty | ​ | $ | 134,400 | ​ | $ | 154,729
Meals | ​ | ​ | 106,142 | ​ | ​ | 120,031
Frozen & Vegetables | ​ | ​ | 93,119 | ​ | ​ | 104,887
Spices & Flavor Solutions | ​ | ​ | 91,741 | ​ | ​ | 95,576
Total segment net sales | ​ | ​ | 425,402 | ​ | ​ | 475,223
​ | ​ | ​ | ​ | ​ | ​ | ​
Segment adjusted expenses: | ​ | ​ | ​ | ​ | ​ | ​
Specialty | ​ | ​ | 100,880 | ​ | ​ | 117,537
Meals | ​ | ​ | 81,168 | ​ | ​ | 94,402
Frozen & Vegetables | ​ | ​ | 94,592 | ​ | ​ | 97,057
Spices & Flavor Solutions | ​ | ​ | 65,472 | ​ | ​ | 66,907
Total segment adjusted expenses | ​ | ​ | 342,112 | ​ | ​ | 375,903
​ | ​ | ​ | ​ | ​ | ​ | ​
Segment adjusted EBITDA: | ​ | ​ | ​ | ​ | ​ | ​
Specialty | ​ | ​ | 33,520 | ​ | ​ | 37,192
Meals | ​ | ​ | 24,974 | ​ | ​ | 25,629
Frozen & Vegetables | ​ | ​ | (1,473) | ​ | ​ | 7,830
Spices & Flavor Solutions | ​ | ​ | 26,269 | ​ | ​ | 28,669
Total segment adjusted EBITDA | ​ | $ | 83,290 | ​ | $ | 99,320
​ | ​ | ​ | ​ | ​ | ​ | ​
Unallocated corporate expenses | ​ | $ | 24,152 | ​ | $ | 24,275
Depreciation and amortization | ​ | ​ | 16,838 | ​ | ​ | 17,209
Acquisition/divestiture-related and non-recurring expenses | ​ | ​ | 2,313 | ​ | ​ | 1,637
Impairment of goodwill | ​ | ​ | — | ​ | ​ | 70,580
Impairment of property, plant and equipment, net | ​ | ​ | 2,994 | ​ | ​ | —
Loss on sales of assets | ​ | ​ | — | ​ | ​ | 135
Interest expense, net | ​ | ​ | 37,758 | ​ | ​ | 37,825
Income tax benefit | ​ | ​ | (1,600) | ​ | ​ | (12,102)
Net income (loss) | ​ | $ | 835 | ​ | $ | (40,239)
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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