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Business Segment Information (Tables) | 12 Months Ended
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Jan. 03, 2026
Business Segment Information |
Schedule of reportable segment results | Our reportable segment results were as follows (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Fiscal Year Ended
​ | ​ | January 3, | ​ | December 28, | ​ | December 30,
​ | ​ | 2025 | ​ | 2024 | ​ | 2023
Segment net sales: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Specialty | ​ | $ | 629,976 | ​ | $ | 679,076 | ​ | $ | 722,429
Meals | ​ | ​ | 444,426 | ​ | ​ | 462,397 | ​ | ​ | 477,567
Frozen & Vegetables | ​ | ​ | 358,571 | ​ | ​ | 395,785 | ​ | ​ | 473,570
Spices & Flavor Solutions | ​ | ​ | 395,714 | ​ | ​ | 395,196 | ​ | ​ | 388,747
Total segment net sales | ​ | ​ | 1,828,687 | ​ | ​ | 1,932,454 | ​ | ​ | 2,062,313
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Segment adjusted expenses: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Specialty | ​ | ​ | 470,291 | ​ | ​ | 508,939 | ​ | ​ | 552,016
Meals | ​ | ​ | 337,830 | ​ | ​ | 361,344 | ​ | ​ | 374,521
Frozen & Vegetables | ​ | ​ | 358,902 | ​ | ​ | 386,263 | ​ | ​ | 446,482
Spices & Flavor Solutions | ​ | ​ | 295,795 | ​ | ​ | 284,348 | ​ | ​ | 276,502
Total segment adjusted expenses | ​ | ​ | 1,462,818 | ​ | ​ | 1,540,894 | ​ | ​ | 1,649,521
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Segment adjusted EBITDA: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Specialty | ​ | ​ | 159,685 | ​ | ​ | 170,137 | ​ | ​ | 170,413
Meals | ​ | ​ | 106,596 | ​ | ​ | 101,053 | ​ | ​ | 103,046
Frozen & Vegetables | ​ | ​ | (331) | ​ | ​ | 9,522 | ​ | ​ | 27,088
Spices & Flavor Solutions | ​ | ​ | 99,919 | ​ | ​ | 110,848 | ​ | ​ | 112,245
Total segment adjusted EBITDA | ​ | $ | 365,869 | ​ | $ | 391,560 | ​ | $ | 412,792
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unallocated corporate expenses | ​ | $ | 93,669 | ​ | $ | 96,147 | ​ | $ | 94,797
Depreciation and amortization | ​ | ​ | 66,223 | ​ | ​ | 68,614 | ​ | ​ | 69,620
Acquisition/divestiture-related and non-recurring expenses | ​ | ​ | 14,655 | ​ | ​ | 8,938 | ​ | ​ | 5,877
Impairment of goodwill | ​ | ​ | — | ​ | ​ | 70,580 | ​ | ​ | —
(Gain) loss on sales of assets | ​ | ​ | (2,867) | ​ | ​ | 135 | ​ | ​ | 137,798
Impairment of assets held for sale | ​ | ​ | 28,500 | ​ | ​ | — | ​ | ​ | —
Impairment of intangible assets | ​ | ​ | 60,798 | ​ | ​ | 320,000 | ​ | ​ | 20,500
Impairment of property, plant and equipment, net | ​ | ​ | 2,994 | ​ | ​ | 208 | ​ | ​ | —
Interest expense, net | ​ | ​ | 149,631 | ​ | ​ | 157,447 | ​ | ​ | 151,333
Income tax benefit | ​ | ​ | (4,477) | ​ | ​ | (79,258) | ​ | ​ | (935)
Net loss | ​ | $ | (43,257) | ​ | $ | (251,251) | ​ | $ | (66,198)
​

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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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