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Inventories
3 Months Ended
Mar. 29, 2025
Inventories  
Inventories

(4)

Inventories

Inventories are stated at the lower of cost or net realizable value and include direct material, direct labor, overhead, warehousing and product transfer costs. Cost is determined using the first-in, first-out and average cost methods. Inventories have been reduced by an allowance for excess, obsolete and unsaleable inventories. The allowance is an estimate based on management’s review of inventories on hand compared to estimated future usage and sales.

Inventories consist of the following, as of the dates indicated (in thousands):

    

March 29, 2025

    

December 28, 2024

Raw materials and packaging

$

87,762

$

85,356

Work-in-process

91,148

116,161

Finished goods

 

335,325

 

309,715

Inventories

$

514,235

$

511,232