B&G Foods (BGS) 10-K 2 Mar 16 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Jan. 02, 2016	Mar. 02, 2016	Jul. 02, 2015
Document and Entity Information
Entity Registrant Name	B&G Foods, Inc.
Entity Central Index Key	1,278,027
Document Type	10-K
Document Period End Date	Jan. 2, 2016
Amendment Flag	false
Current Fiscal Year End Date	--01-02
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$ 1,657,528,468
Entity Common Stock, Shares Outstanding		58,040,242
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jan. 02, 2016	Jan. 03, 2015
Current assets:
Cash and cash equivalents	$ 5,246	$ 1,490
Trade accounts receivable, less allowance for doubtful accounts and discounts of $1,167 and $1,005 as of January 2, 2016 and January 3, 2015, respectively	69,712	55,925
Inventories	312,880	106,557
Prepaid expenses and other current assets	67,517	14,830
Income tax receivable	2,514	14,442
Deferred income taxes	5,292	3,275
Total current assets	463,161	196,519
Property, plant and equipment, net	163,642	116,197
Goodwill	473,145	370,424
Other intangibles, net	1,442,340	947,895
Other assets	29,427	18,318
Total assets	2,571,715	1,649,353
Current liabilities:
Trade accounts payable	49,593	38,052
Accrued expenses	31,233	17,644
Current portion of long-term debt	33,750	18,750
Dividends payable	20,292	18,246
Total current liabilities	134,868	92,692
Long-term debt	1,725,866	1,007,107
Other liabilities	3,212	7,352
Deferred income taxes	250,084	204,207
Total liabilities	$ 2,114,030	$ 1,311,358
Commitments and contingencies (Note 13)
Stockholders' equity:
Preferred stock, $0.01 par value per share. Authorized 1,000,000 shares; no shares issued or outstanding
Common stock, $0.01 par value per share. Authorized 125,000,000 shares; 57,976,744 and 53,663,697 issued and outstanding as of January 2, 2016 and January 3, 2015, respectively	$ 580	$ 537
Additional paid-in capital	162,568	110,349
Accumulated other comprehensive loss	(12,696)	(11,034)
Retained earnings	307,233	238,143
Total stockholders' equity	457,685	337,995
Total liabilities and stockholders' equity	$ 2,571,715	$ 1,649,353

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jan. 02, 2016	Jan. 03, 2015
Consolidated Balance Sheets
Trade accounts receivable, allowance for doubtful accounts and discounts (in dollars)	$ 1,167	$ 1,005
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, Authorized shares	1,000,000	1,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, Authorized shares	125,000,000	125,000,000
Common stock, shares issued	57,976,744	53,663,697
Common stock, shares outstanding	57,976,744	53,663,697

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jan. 02, 2016	Oct. 03, 2015	Jul. 04, 2015	Apr. 04, 2015	Jan. 03, 2015	Sep. 27, 2014	Jun. 28, 2014	Mar. 29, 2014	Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013
Consolidated Statements of Operations
Net sales	$ 342,291	$ 213,300	$ 193,645	$ 217,122	$ 237,990	$ 208,998	$ 202,889	$ 198,140	$ 966,358	$ 848,017	$ 724,973
Cost of goods sold									676,794	600,246	482,050
Gross profit	88,563	71,596	62,008	67,397	57,013	63,062	63,027	64,669	289,564	247,771	242,923
Operating expenses:
Selling, general and administrative expenses									105,939	93,033	79,043
Amortization expense									11,255	12,692	9,884
Impairment of intangible assets										34,154
Gain on change in fair value of contingent consideration										(8,206)
Operating income									172,370	116,098	153,996
Other expenses:
Interest expense, net									51,131	46,573	41,813
Loss on extinguishment of debt										5,748	31,291
Income before income tax expense									121,239	63,777	80,892
Income tax expense									52,149	22,821	28,549
Net income	$ 10,960	$ 19,815	$ 18,748	$ 19,567	$ 11,454	$ (4,413)	$ 16,138	$ 17,777	$ 69,090	$ 40,956	$ 52,343
Earnings per share:
Basic ( in dollars per share)									$ 1.22	$ 0.76	$ 0.99
Diluted ( in dollars per share)									1.22	0.76	0.98
Cash dividends declared per share	$ 0.35	$ 0.35	$ 0.34	$ 0.34	$ 0.34	$ 0.34	$ 0.34	$ 0.34	$ 1.38	$ 1.36	$ 1.23

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jan. 02, 2016	Oct. 03, 2015	Jul. 04, 2015	Apr. 04, 2015	Jan. 03, 2015	Sep. 27, 2014	Jun. 28, 2014	Mar. 29, 2014	Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013
Consolidated Statements of Comprehensive Income
Net income	$ 10,960	$ 19,815	$ 18,748	$ 19,567	$ 11,454	$ (4,413)	$ 16,138	$ 17,777	$ 69,090	$ 40,956	$ 52,343
Other comprehensive income:
Foreign currency translation adjustments									(3,737)	(116)	(72)
Amortization of unrecognized prior service cost and pension deferrals, net of tax									2,075	(8,447)	8,696
Other comprehensive (loss) income									(1,662)	(8,563)	8,624
Comprehensive income									$ 67,428	$ 32,393	$ 60,967

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Loss	Retained Earnings	Total
Beginning balance at Dec. 29, 2012	$ 526	$ 226,900	$ (11,095)	$ 144,844	$ 361,175
Balance (in shares) at Dec. 29, 2012	52,560,765
Increase (Decrease) in Stockholders' Equity
Foreign currency translation			(72)		(72)
Change in pension benefit (net of $1,258, $4,865, $5,036 of during the years 2015,2014 and 2013 respectively)			8,696		8,696
Net income				52,343	52,343
Share-based compensation		3,935			3,935
Issuance of common stock for share-based compensation	$ 3	(6,815)			(6,812)
Issuance of common stock for share-based compensation (in shares)	312,599
Issuance of common stock	$ 5	20,119			20,124
Issuance of stock (in shares)	572,546
Tax benefit from issuance of common stock for share-based compensation		4,192			4,192
Dividends declared on common stock, $1.38 per share		(65,218)			(65,218)
Ending balance at Dec. 28, 2013	$ 534	183,113	(2,471)	197,187	378,363
Balance (in shares) at Dec. 28, 2013	53,445,910
Increase (Decrease) in Stockholders' Equity
Foreign currency translation			(116)		(116)
Change in pension benefit (net of $1,258, $4,865, $5,036 of during the years 2015,2014 and 2013 respectively)			(8,447)		(8,447)
Net income				40,956	40,956
Share-based compensation		2,235			2,235
Issuance of common stock for share-based compensation	$ 3	(4,377)			(4,374)
Issuance of common stock for share-based compensation (in shares)	217,787
Tax benefit from issuance of common stock for share-based compensation		2,356			2,356
Dividends declared on common stock, $1.38 per share		(72,978)			(72,978)
Ending balance at Jan. 03, 2015	$ 537	110,349	(11,034)	238,143	337,995
Balance (in shares) at Jan. 03, 2015	53,663,697
Increase (Decrease) in Stockholders' Equity
Foreign currency translation			(3,737)		(3,737)
Change in pension benefit (net of $1,258, $4,865, $5,036 of during the years 2015,2014 and 2013 respectively)			2,075		2,075
Net income				69,090	69,090
Share-based compensation		5,817			5,817
Issuance of common stock for share-based compensation	$ 1	(1,751)			(1,750)
Issuance of common stock for share-based compensation (in shares)	113,047
Issuance of common stock	$ 42	126,188			126,230
Issuance of stock (in shares)	4,200,000
Tax benefit from issuance of common stock for share-based compensation		539			539
Dividends declared on common stock, $1.38 per share		(78,574)			(78,574)
Ending balance at Jan. 02, 2016	$ 580	$ 162,568	$ (12,696)	$ 307,233	$ 457,685
Balance (in shares) at Jan. 02, 2016	57,976,744

Consolidated Statements of Cha7

Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013
Consolidated Statements of Changes in Stockholders' Equity
Change in pension benefit, taxes	$ 1,258	$ 4,865	$ 5,036
Dividends declared on common stock, per share (in dollars per share)	$ 1.38	$ 1.36	$ 1.23

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013
Cash flows from operating activities:
Net income	$ 69,090	$ 40,956	$ 52,343
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	28,653	27,434	24,077
Amortization of deferred debt financing costs and bond discount	3,900	3,790	4,400
Deferred income taxes	29,152	13,855	20,800
Interest accretion on contingent consideration		432	208
Gain on change in fair value of contingent consideration		(8,206)
Impairment of intangible assets		34,154
Amortization of acquisition related inventory step-up	(6,127)
Distribution restructuring fixed asset write-off	(107)
Loss on disposal of inventory		4,535
Loss on extinguishment of debt		5,748	31,291
Share-based compensation expense	5,817	2,235	3,935
Excess tax benefits from share-based compensation	(539)	(2,356)	(4,192)
Provision for doubtful accounts	178	21	257
Changes in assets and liabilities, net of effects of businesses acquired:
Trade accounts receivable	(17,105)	6,617	(13,703)
Inventories	39,584	(7,672)	(3,662)
Prepaid expenses and other current assets	52,879	(5,097)	(2,743)
Income tax receivable	13,622	(4,652)	5,032
Other assets	(110)	(642)	(2,695)
Trade accounts payable	7,763	(8,373)	9,231
Accrued expenses	8,459	(4,122)	(8,444)
Other liabilities	(872)	469	(1,225)
Net cash provided by (used in) operating activities	128,479	99,126	114,910
Cash flows from investing activities:
Capital expenditures	(18,574)	(19,025)	(14,649)
Payments for acquisition of businesses, net of cash acquired	(873,811)	(154,277)	(247,281)
Net cash used in investing activities	(892,385)	(173,302)	(261,930)
Cash flows from financing activities:
Repayments of long-term debt	(18,750)	(138,750)	(505,154)
Proceeds from issuance of long-term debt	746,250	299,250	700,000
Repayments of borrowings under revolving credit facility	(164,000)	(258,500)	(90,000)
Borrowings under revolving credit facility	170,000	252,500	105,000
Proceeds from issuance of common stock, net	126,230
Dividends paid	(76,528)	(72,369)	(62,824)
Excess tax benefits from share-based compensation	539	2,356	4,192
Payments of tax withholding on behalf of employees for net share settlement of share-based compensation	(1,750)	(4,374)	(6,812)
Debt financing costs	(14,547)	(8,494)	(12,574)
Net cash provided by financing activities	767,444	71,619	131,828
Effect of exchange rate fluctuations on cash and cash equivalents	218	(60)	80
Net increase (decrease) in cash and cash equivalents	3,756	(2,617)	(15,112)
Cash and cash equivalents at beginning of year	1,490	4,107	19,219
Cash and cash equivalents at end of year	5,246	1,490	4,107
Supplemental disclosures of cash flow information:
Cash interest payments	47,231	42,642	43,942
Cash income tax payments	9,398	13,624	2,722
Non-cash transactions:
Dividends declared and not yet paid	20,292	$ 18,246	$ 17,637
Accruals related to purchases of property, plant and equipment	$ 1,660

Nature of Operations

Nature of Operations	12 Months Ended
	Jan. 02, 2016
Nature of Operations
Nature of Operations	(1) Nature of Operations Organization and Nature of Operations B&G Foods, Inc. is a holding company whose principal assets are the shares of capital stock of its subsidiaries. Unless the context requires otherwise, references in this report to "B&G Foods," "our company," "we," "us" and "our" refer to B&G Foods, Inc. and its subsidiaries. Our financial statements are presented on a consolidated basis. We operate in a single industry segment and manufacture, sell and distribute a diverse portfolio of high-quality shelf-stable and frozen foods across the United States, Canada and Puerto Rico. Our products include frozen and canned vegetables, hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegar, maple syrup, molasses, salad dressings, pizza crusts, Mexican-style sauces, dry soups, taco shells and kits, salsas, pickles, peppers, tomato-based products, puffed corn and rice snacks, nut clusters and other specialty products. Our products are marketed under many recognized brands, including Ac'cent , B&G , B&M , Baker's Joy , Bear Creek Country Kitchens, Brer Rabbit , Canoleo, Cary's, Cream of Rice , Cream of Wheat , Devonsheer , Don Pepino , Emeril's , Grandma's Molasses , Green Giant , JJ Flats , Joan of Arc , Las Palmas , Le Sueur , MacDonald's, Mama Mary's , Maple Grove Farms of Vermont , Molly McButter , Mrs. Dash , New York Flatbreads, New York Style , Old London , Original Tings , Ortega , Pirate's Booty , Polaner , Red Devil , Regina , Rickland Orchards , Sa-són , Sclafani , Smart Puffs , Spring Tree, Sugar Twin , Trappey's , TrueNorth , Underwood , Vermont Maid and Wright's. We also sell and distribute Static Guard , a household product brand. We compete in the retail grocery, food service, specialty, private label, club and mass merchandiser channels of distribution. We sell and distribute our products directly and via a network of independent brokers and distributors to supermarket chains, food service outlets, mass merchants, warehouse clubs, non-food outlets and specialty distributors. Sales of a number of our products tend to be seasonal and may be influenced by holidays, changes in seasons/weather or certain other annual events. In general, our sales are higher in the first and fourth quarter. We purchase most of the produce used to make our frozen and shelf-stable canned vegetables, pickles, relishes, peppers, tomatoes and other related specialty items during the months of June through October, and we generally purchase the majority of our maple syrup requirements during the months of April through August. Consequently, our liquidity needs are greatest during these periods. Fiscal Year We utilize a 52-53 week fiscal year ending on the Saturday closest to December 31. The fiscal years ended January 2, 2016 (fiscal 2015) and December 28, 2013 (fiscal 2013) contained 52 weeks each and the fiscal year ended January 3, 2015 (fiscal 2014) contained 53 weeks. Business and Credit Concentrations Our exposure to credit loss in the event of non-payment of accounts receivable by customers is estimated in the amount of the allowance for doubtful accounts. We perform ongoing credit evaluations of the financial condition of our customers. Our top ten customers accounted for approximately 52.3%, 52.4% and 48.4% of consolidated net sales in fiscal 2015, 2014 and 2013, respectively. Our top ten customers accounted for approximately 53.5%, 51.7% and 46.1% of our consolidated trade accounts receivables as of the end of fiscal 2015, 2014 and 2013, respectively. Other than Wal-Mart, which accounted for 20.4%, 19.1% and 18.5% of our consolidated net sales in fiscal 2015, 2014 and 2013, respectively, no single customer accounted for more than 10.0% of consolidated net sales in fiscal 2015, 2014 or 2013. Other than Wal-Mart, which accounted for 19.3%, 16.7% and 12.9% of our consolidated trade accounts receivables as of the end of fiscal 2015, 2014 and 2013, respectively, no single customer accounted for more than 10.0% of our consolidated trade accounts receivables as of the end of fiscal 2015, 2014 and 2013. As of January 2, 2016, we do not believe we have any significant concentration of credit risk with respect to our consolidated trade accounts receivable with any single customer whose failure or nonperformance would materially affect our results other than as described above with respect to Wal-Mart. During fiscal 2015, 2014 and 2013, our sales to foreign countries represented approximately 5.2%, 3.6% and 3.2%, respectively, of net sales. Our foreign sales are primarily to customers in Canada.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Jan. 02, 2016
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	(2) Summary of Significant Accounting Policies (a) Basis of Presentation The consolidated financial statements include the accounts of B&G Foods, Inc. and its subsidiaries. All intercompany balances and transactions have been eliminated. Certain prior year amounts have been reclassified to conform to the current year's presentation. (b) Use of Estimates The preparation of financial statements in accordance with accounting principles generally accepted in the United States requires our management to make a number of estimates and assumptions relating to the reporting of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Some of the more significant estimates and assumptions made by management involve trade and consumer promotion expenses; allowances for excess, obsolete and unsaleable inventories; pension benefits; acquisition accounting fair value allocations; the recoverability of goodwill, other intangible assets, property, plant and equipment and deferred tax assets; the determination of the useful life of customer relationship and amortizable trademark intangibles; and the fair value of contingent consideration. Actual results could differ significantly from these estimates and assumptions. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors that management believes to be reasonable under the circumstances, including the current economic environment. We adjust such estimates and assumptions when facts and circumstances dictate. Volatility in the credit and equity markets can increase the uncertainty inherent in such estimates and assumptions. (c) Subsequent Events We have evaluated subsequent events for disclosure through the date of issuance of the accompanying consolidated financial statements. (d) Cash and Cash Equivalents For purposes of the consolidated statements of cash flows, all highly liquid instruments with maturities of three months or less when acquired are considered to be cash and cash equivalents. (e) Prepaid and Other Current Assets Prepaid and other current assets at January 2, 2016, includes a $52.6 million receivable related to an ongoing transition services agreement with General Mills, Inc., in connection with our Green Giant acquisition. See Note 3, “Acquisitions.” (f) Inventories Inventories are stated at the lower of cost or market 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 our management's review of inventories on hand compared to estimated future usage and sales. (g) Property, Plant and Equipment Property, plant and equipment are stated at cost. Depreciation on plant and equipment is calculated using the straight-line method over the estimated useful lives of the assets, 10 to 30 years for buildings and improvements, 5 to 12 years for machinery and equipment, and 2 to 5 years for office furniture and vehicles. Leasehold improvements are amortized on a straight-line basis over the shorter of the lease term or estimated useful life of the asset. Expenditures for maintenance, repairs and minor replacements are charged to current operations. Expenditures for major replacements and betterments are capitalized. We capitalize interest on qualifying assets based on our effective interest rate. During fiscal 2015, 2014 and 2013, we capitalized $0.3 million, $0.3 million and $0.2 million, respectively. (h) Goodwill and Other Intangible Assets Goodwill and unamortizable intangible assets (trademarks) are tested for impairment at least annually and whenever events or circumstances occur indicating that goodwill or unamortizable intangibles might be impaired. We perform the annual impairment tests as of the last day of each fiscal year. The annual goodwill impairment test involves a two-step process. The first step of the impairment test involves comparing our company's market capitalization with our company's carrying value, including goodwill. If the carrying value of our company exceeds our market capitalization, we perform the second step of the impairment test to determine the amount of the impairment loss. The second step of the goodwill impairment test involves comparing the implied fair value of goodwill with the carrying value and recognizing a loss for the difference. We test our unamortizable intangibles by comparing the fair value with the carrying value and recognize a loss for the difference. We estimate the fair value of our unamortizable intangibles based on discounted cash flows that reflect certain third party market value indicators. Calculating our fair value for these purposes requires significant estimates and assumptions by management. We completed our annual impairment tests for fiscal 2015, 2014 and 2013 with no adjustments to the carrying values of goodwill and unamortizable intangibles. Each annual test confirmed that the market capitalization and fair values of our goodwill and unamortizable intangibles, respectively, exceeded their current carrying values. Customer relationship intangibles and amortizable trademarks are presented at cost, net of accumulated amortization, and are amortized on a straight-line basis over their estimated useful lives of 10 to 20 years. Seed technology assets are presented at cost, net of accumulated amortization, and are amortized utilizing a declining balance approach over their estimated useful lives of 5 years. (i) Deferred Debt Financing Costs Debt financing costs are capitalized and amortized over the term of the related debt agreements and are classified as other assets. Amortization of deferred debt financing costs for fiscal 2015, 2014 and 2013 was $3.6 million, $3.6 million and $4.0 million, respectively. (j) Long-Lived Assets Long-lived assets, such as property, plant and equipment, and intangibles with estimated useful lives are depreciated or amortized over their respective estimated useful lives to their estimated residual values, and reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to estimated undiscounted future net cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated undiscounted future net cash flows, an impairment charge is recognized by the amount by which the carrying amount of the asset exceeds the fair value of the asset. Recoverability of assets held for sale is measured by a comparison of the carrying amount of an asset or asset group to their fair value less estimated costs to sell. Estimating future cash flows and calculating the fair value of assets requires significant estimates and assumptions by management. Assets to be disposed of are separately presented in the consolidated balance sheets and are no longer depreciated. (k) Accumulated Other Comprehensive Loss Accumulated other comprehensive loss includes foreign currency translation adjustments relating to assets and liabilities located in our foreign subsidiaries and changes in our pension benefits due to the initial adoption and ongoing application of the authoritative accounting literature relating to pensions, net of tax. (l) Revenue Recognition Revenues are recognized when products are shipped. We report all amounts billed to a customer in a sale transaction as revenue, including those amounts related to shipping and handling. Shipping and handling costs are included in cost of goods sold. Consideration from a vendor to a retailer is presumed to be a reduction to the selling prices of the vendor's products and, therefore, is characterized as a reduction of sales when recognized in the vendor's income statement. As a result, coupon incentives, slotting and promotional expenses are recorded as a reduction of sales. (m) Selling, General and Administrative Expenses We promote our products with advertising, consumer incentives and trade promotions. These programs include, but are not limited to, discounts, slotting fees, coupons, rebates, in-store display incentives and volume-based incentives. Consumer incentive and trade promotion activities are recorded as a reduction to revenues based on amounts estimated as being due to customers and consumers at the end of a period. We base these estimates principally on historical utilization and redemption rates. We expense our advertising costs either in the period the advertising first takes place or as incurred. Advertising expenses were approximately $5.7 million, $5.1 million and $4.3 million, for the fiscal 2015, 2014 and 2013, respectively. (n) Pension Plans We have defined benefit pension plans covering approximately one quarter of our employees. Our funding policy is to contribute annually the amount recommended by our actuaries. From time to time, however, we voluntarily contribute greater amounts based on pension asset performance, tax considerations and other relevant factors. (o) Share Based Compensation Expense We provide compensation benefits in the form of stock options, performance share long-term incentive awards (LTIAs) and common stock to employees and non-employee directors. The cost of share based compensation is recorded at fair value at the date of grant and expensed in our consolidated statement of income over the requisite service period, if any. Performance share LTIAs granted to our executive officers and certain other members of senior management entitle each participant to earn shares of common stock upon the attainment of certain performance goals over the applicable performance period. The recognition of compensation expense for the performance share LTIAs is initially based on the probable outcome of the performance condition based on the fair value of the award on the date of grant and the anticipated number of shares to be awarded on a straight-line basis over the applicable performance period. The fair value of the awards on the date of grant is determined based upon the closing price of our common stock on the applicable measurement dates (i.e., the deemed grant dates for accounting purposes) reduced by the present value of expected dividends using the risk-free interest-rate as the award holders are not entitled to dividends or dividend equivalents during the vesting period. Our company's performance against the defined performance goals are re-evaluated on a quarterly basis throughout the applicable performance period and the recognition of compensation expense is adjusted for subsequent changes in the estimated or actual outcome. The cumulative effect of a change in the estimated number of shares of common stock to be issued in respect of performance share awards is recognized as an adjustment to earnings in the period of the revision. The fair value of stock option awards is estimated on the date of grant using the Black-Scholes option pricing model and is recognized in expense over the vesting period of the options using the straight-line method. The Black-Scholes option pricing model requires various assumptions, including the expected volatility of our stock, the expected term of the option, the risk-free interest rate and the expected dividend yield. Expected volatility is based on both historical and implied volatilities of our common stock over the estimated expected term of the award. The risk-free rate for the expected term of the option is based on the U.S. Treasury yield curve in effect at the time of grant. All stock option grants have an exercise price equal to the fair market value of our common stock on the date of grant, have a 10-year term and cliff vest three years from the date of grant. We recognize compensation expense for only that portion of share based awards that are expected to vest. We utilize historical employee termination behavior to determine our estimated forfeiture rates. If the actual forfeitures differ from those estimated by management, adjustments to compensation expense will be made in future periods. (p) Income Tax Expense Estimates and Policies Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities of our company are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. A valuation allowance is provided when it is more likely than not that all or some portion of the deferred tax asset will not be realized. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in operations in the period that includes the enactment date. As part of the income tax provision process of preparing our consolidated financial statements, we are required to estimate our income taxes. This process involves estimating our current tax expenses together with assessing temporary differences resulting from differing treatment of items for tax and accounting purposes. These differences result in deferred tax assets and liabilities. We then assess the likelihood that our deferred tax assets will be recovered from future taxable income and to the extent we believe the recovery is not likely, we establish a valuation allowance. Further, to the extent that we establish a valuation allowance or increase this allowance in a financial accounting period, we include such charge in our tax provision, or reduce our tax benefits in our consolidated statements of operations. We use our judgment to determine our provision or benefit for income taxes, deferred tax assets and liabilities and any valuation allowance recorded against our deferred tax assets. There are various factors that may cause these tax assumptions to change in the near term, and we may have to record a valuation allowance against our deferred tax assets. We cannot predict whether future U.S. federal and state income tax laws and regulations might be passed that could have a material effect on our results of operations. We assess the impact of significant changes to the U.S. federal and state income tax laws and regulations on a regular basis and update the assumptions and estimates used to prepare our consolidated financial statements when new regulations and legislation are enacted. We recognize the benefit of an uncertain tax position that we have taken or expect to take on our income tax returns we file if it is "more likely than not" that such tax position will be sustained based on its technical merits. (q) Dividends Cash dividends, if any, are accrued as a liability on our consolidated balance sheets and recorded as a decrease to additional paid-in capital when declared. (r) Earnings Per Share Basic earnings per share is calculated by dividing net income by the weighted average number of shares of common stock outstanding. Diluted earnings per share is calculated by dividing net income by the weighted average number of shares of common stock outstanding plus all additional shares of common stock that would have been outstanding if potentially dilutive shares of common stock had been issued upon the exercise of stock options or in connection with performance share LTIAs that may be earned as of the beginning of the period using the treasury stock method. Fiscal 2015 Fiscal 2014 Fiscal 2013 (In thousands, except share and per share data) Net income $ $ $ Weighted average common shares outstanding: Basic Net effect of dilutive share-based compensation awards (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings per share: Basic $ $ $ Diluted $ $ $ (1) For fiscal 2014, 418,158 outstanding stock options were excluded from diluted earnings per share as their effect was antidilutive. (s) Recently Issued Accounting Standards In November 2015, the Financial Accounting Standards Board (FASB) issued a new accounting standards update (ASU) that requires deferred tax assets and liabilities to be classified as noncurrent in the statement of financial position. The update is effective for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. The update impacts balance sheet presentation and disclosure only, and therefore, the adoption of this ASU will not have an impact on our consolidated results of operations or liquidity. In September 2015, the FASB issued a new ASU that requires an acquirer to recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The update is effective for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. We are currently evaluating the impact of this new standard. In April 2015, the FASB issued a new ASU that requires debt issuance costs related to a recognized debt liability to be presented on the balance sheet as a direct deduction from the debt liability, similar to the presentation of debt discounts. The update is effective for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. The update impacts presentation and disclosure only, and therefore, the adoption of this ASU will not have an impact on our consolidated financial position, results of operations or liquidity.

Acquisitions

Acquisitions	12 Months Ended
	Jan. 02, 2016
Acquisitions.
Acquisitions	(3) Acquisitions On November 2, 2015, we completed the acquisition of the Green Giant and Le Sueur brands from General Mills, Inc. for a purchase price of $765 million in cash plus an inventory adjustment at closing of $57.8 million. We refer to this acquisition as the " Green Giant acquisition." On July 10, 2015, we acquired Spartan Foods of America, Inc., and related entities, including the Mama Mary's brand, from Linsalata Capital Partners and certain other sellers for a purchase price of $51.0 million in cash. We refer to this acquisition as the " Mama Mary's acquisition." On April 23, 2014, we completed the acquisition of Specialty Brands of America, Inc. and related entities, including the Bear Creek Country Kitchens , Spring Tree , Cary's , MacDonald's , New York Flatbreads and Canoleo brands, from affiliates of American Capital, Ltd. and certain individual sellers for a purchase price of $154.3 million in cash. We refer to this acquisition as the "Specialty Brands acquisition." On October 7, 2013, we acquired Rickland Orchards LLC, including the Rickland Orchards brand, from Natural Instincts LLC for a base purchase price of $57.5 million, of which approximately $37.4 million was paid in cash and approximately $20.1 million was paid in shares of common stock of B&G Foods (based on the closing price of $35.15 per share on October 4, 2013), plus contingent earn-out consideration ranging from zero to a maximum of $15.0 million in the aggregate, which would have been or is payable upon the achievement of revenue growth targets during fiscal 2014, 2015 and 2016 meant to achieve operating results in excess of base purchase price acquisition model assumptions. We refer to this acquisition as the " Rickland Orchards acquisition." On July 8, 2013, we completed the acquisition of Pirate Brands, LLC, including the Pirate's Booty , Smart Puffs and Original Tings brands, from affiliates of VMG Partners and Driven Capital Management and certain other entities and individuals for a purchase price of $195.4 million in cash. We refer to this acquisition as the "Pirate Brands acquisition." On May 6, 2013, we acquired the TrueNorth brand from DeMet's Candy Company. We refer to this acquisition as the " TrueNorth acquisition." We have accounted for each of these acquisitions using the acquisition method of accounting and, accordingly, have included the assets acquired, liabilities assumed and results of operations in our consolidated financial statements from the respective date of acquisition. The excess of the purchase price over the fair value of identifiable net assets acquired represents goodwill. Unamortizable trademarks are deemed to have an indefinite useful life and are not amortized. Customer relationship intangibles and amortizable trademarks acquired are amortized over 10 to 20 years. Seed technology assets acquired are amortized over a period of 5 years. Goodwill and other intangible assets, except in the case of the Specialty Brands and the Mama Mary's acquisitions, are deductible for income tax purposes. Inventory has been recorded at estimated selling price less costs of disposal and a reasonable selling profit and the property, plant and equipment and other intangible assets (including trademarks, customer relationships and other intangibles) acquired have been recorded at fair value as determined by our management with the assistance of a third-party valuation specialist. See Note 6, "Goodwill and Other Intangible Assets." The following table sets forth the preliminary allocation of the Green Giant acquisition purchase price to the estimated fair value of the net assets acquired at the date of acquisition. The preliminary purchase price allocation may be adjusted as a result of the finalization of our purchase price allocation procedures related to the assets acquired and the liabilities assumed. We anticipate completing the purchase price allocation before or during the fourth quarter of fiscal 2016. Green Giant Acquisition (dollars in thousands): Purchase Price: Cash paid $ ​ ​ ​ ​ ​ Total $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Preliminary Allocation: Trademarks—unamortizable intangible assets Inventory Goodwill Customer relationship intangibles—amortizable intangible assets Property, Plant and Equipment Seed technology intangibles—amortizable intangible assets Other working capital ) ​ ​ ​ ​ ​ Total $ ​ ​ ​ ​ ​ The following table sets forth the preliminary allocation of the Mama Mary's acquisition purchase price to the estimated fair value of the net assets acquired at the date of acquisition. The preliminary purchase price allocation may be adjusted as a result of the finalization of our purchase price allocation procedures related to the assets acquired and the liabilities assumed. We anticipate completing the purchase price allocation during the first or second quarter of fiscal 2016. Mama Mary's Acquisition (dollars in thousands): Purchase Price: Cash paid $ ​ ​ ​ ​ ​ Total $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Preliminary Allocation: Trademarks—unamortizable intangible assets Goodwill Customer relationship intangibles—amortizable intangible assets Property, Plant and Equipment Short-term deferred income tax assets Other working capital ) Long-term deferred income tax liabilities, net ) ​ ​ ​ ​ ​ Total $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The following table sets forth the allocation of the Specialty Brands acquisition purchase price to the estimated fair value of the net assets acquired at the date of acquisition. During the first two quarters of fiscal 2015, we recorded a purchase price allocation adjustment by increasing goodwill and decreasing other working capital by $0.2 million due to a change in our valuation of inventory as of the date of acquisition. Specialty Brands Acquisition (dollars in thousands): Purchase Price: Cash paid $ ​ ​ ​ ​ ​ Total $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allocation: Income tax receivable $ Short-term deferred income tax assets Trademarks—unamortizable intangible assets Goodwill Customer relationship intangibles—amortizable intangible assets Other working capital ) Long-term deferred income tax liabilities, net ) ​ ​ ​ ​ ​ Total $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The following table sets forth the allocation of the Rickland Orchards acquisition purchase price to the estimated fair value of the net assets acquired at the date of acquisition. During fiscal 2014, we recorded a purchase price allocation adjustment by increasing goodwill and decreasing other working capital by $2.1 million due to a change in our valuation of accounts receivable and inventory as of the date of acquisition. Rickland Orchards Acquisition (dollars in thousands): Purchase Price: Cash paid $ Equity issued Fair value of contingent consideration ​ ​ ​ ​ ​ Total $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allocation: Trademarks—amortizable intangible assets $ Goodwill Customer relationship intangibles—amortizable intangible assets Other working capital ) ​ ​ ​ ​ ​ Total $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The following table sets forth the allocation of the Pirate Brands acquisition purchase price to the estimated fair value of the net assets acquired at the date of acquisition. During fiscal 2014, we recorded a purchase price allocation adjustment by increasing goodwill and decreasing other working capital by $0.2 million due to a change in our valuation of accounts receivable as of the date of acquisition. Pirate Brands Acquisition (dollars in thousands): Purchase Price: Cash paid $ ​ ​ ​ ​ ​ Total $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allocation: Trademarks—unamortizable intangible assets $ Goodwill Customer relationship intangibles—amortizable intangible assets Other working capital ​ ​ ​ ​ ​ Total $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unaudited Pro Forma Summary of Operations The following pro forma summary of operations presents our operations as if the Green Giant acquisition had occurred as of the beginning of fiscal 2014 and as if the Specialty Brands, the Pirate Brands and Rickland Orchards acquisitions had occurred as of the beginning of fiscal 2013. In addition to including the results of operations of these acquisitions, the pro forma information gives effect to the interest on additional borrowings, the amortization of trademark, customer relationship and seed technology intangibles, and the issuance of shares of common stock. On an actual basis, Green Giant contributed $106.2 million of our aggregate $966.4 million of consolidated net sales for fiscal 2015. On an actual basis, Specialty Brands contributed $65.5 million of our aggregate net sales for fiscal 2014. On an actual basis, Pirate Brands and Rickland Orchards contributed $32.6 million and $12.9 million, respectively, of our aggregate $725.0 million of consolidated net sales for fiscal 2013. Fiscal 2015 Fiscal 2014 Fiscal 2013 (dollars in thousands) Net sales $ $ $ Net income $ ) $ $ Basic earnings per share $ ) $ $ Diluted earnings per share $ ) $ $ The pro forma information presented above does not purport to be indicative of the results that actually would have been attained had the Green Giant acquisition occurred as of the beginning of fiscal 2014 and had the Specialty Brands, the Pirate Brands and Rickland Orchards acquisitions occurred as of the beginning of fiscal 2013, and is not intended to be a projection of future results. Neither the Mama Mary's acquisition nor the TrueNorth acquisition was material to our consolidated results of operations or financial position and, therefore, pro forma financial information is not presented.

Inventories

Inventories	12 Months Ended
	Jan. 02, 2016
Inventories
Inventories	(4) Inventories Inventories consist of the following as of the dates indicated (in thousands): January 2, 2016 January 3, 2015 Raw materials and packaging $ $ Work-in-process Finished goods ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Property, Plant and Equipment,

Property, Plant and Equipment, net	12 Months Ended
	Jan. 02, 2016
Property, Plant and Equipment, net.
Property, Plant and Equipment, net	(5) Property, Plant and Equipment, net Property, plant and equipment, net, consists of the following as of the dates indicated (in thousands): January 2, 2016 January 3, 2015 Land $ $ Buildings and improvements Machinery and equipment Office furniture and vehicles Construction-in-progress ​ ​ ​ ​ ​ ​ ​ ​ Less: accumulated depreciation ) ) ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Depreciation expense was $17.4 million, $14.7 million and $14.2 million for fiscal 2015, 2014 and 2013, respectively.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	12 Months Ended
	Jan. 02, 2016
Goodwill and Other Intangible Assets
Goodwill and Other Intangible Assets	(6) Goodwill and Other Intangible Assets The carrying amounts of goodwill and other intangible assets, as of the dates indicated, consist of the following (in thousands): As of January 2, 2016 As of January 3, 2015 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Amortizable Intangible Assets Trademarks $ $ $ $ $ $ Customer relationships Seed technology — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unamortizable Intangible Assets Goodwill $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Trademarks $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Note: The increases in the carrying amounts of unamortizable intangible assets during fiscal 2015 are attributable to the Green Giant and Mama Mary's acquisitions and purchase accounting adjustments related to the Specialty Brands acquisition. During fiscal 2015, 2014 and 2013, we amortized $11.3 million, $12.7 million and $9.9 million, respectively, of the amortizable intangible assets. We expect to recognize $13.6 million, $13.4 million, $13.1 million, $13.0 million and $12.9 million of amortization expense in fiscal years 2016, 2017, 2018, 2019 and 2020, respectively, associated with our current amortizable intangible assets. See Note 3, "Acquisitions."

Long-Term Debt

Long-Term Debt	12 Months Ended
	Jan. 02, 2016
Long-Term Debt
Long-Term Debt	(7) Long-Term Debt Long-term debt consists of the following, as of the dates indicated (in thousands): January 2, 2016 January 3, 2015 Current and former senior secured credit agreement: Revolving credit facility $ $ Tranche A term loans due 2019, net of unamortized discount of $465 and $643 at January 2, 2016 and January 3, 2015 Tranche B term loans due 2022, net of unamortized discount of $3,669 at January 2, 2016 — 4.625% senior notes due 2021 ​ ​ ​ ​ ​ ​ ​ ​ Total long-term debt, net of unamortized discount Current portion of long-term debt ) ) ​ ​ ​ ​ ​ ​ ​ ​ Long-term debt, net of unamortized discount and excluding current portion $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Senior Secured Credit Agreement. On October 2, 2015, we amended and restated our existing senior secured credit agreement dated as of June 5, 2014. The amendment provided for an incremental tranche B term loan facility to be made available under the credit agreement to finance a portion of the purchase price for the Green Giant acquisition. On November 2, 2015, we funded the purchase price, inventory adjustment at closing, initial working capital requirements and related transaction fees and expenses for the Green Giant acquisition with additional revolving loans and $750.0 million of tranche B term loans under the credit agreement. See Note 3, "Acquisitions." At January 2, 2016, $273.8 million of tranche A term loans, $750.0 million of tranche B term loans and $40.0 million of revolving loans were outstanding under our credit agreement. At January 2, 2016, the available borrowing capacity under our revolving credit facility, net of outstanding letters of credit of $2.0 million, was $458.0 million. Proceeds of the revolving credit facility may be used for general corporate purposes, including acquisitions of targets in the same or a similar line of business as our company, subject to specified criteria. We are required to pay a commitment fee of 0.50% per annum on the unused portion of the revolving credit facility. The maximum letter of credit capacity under the revolving credit facility is $50.0 million, with a fronting fee of 0.25% per annum for all outstanding letters of credit and a letter of credit fee equal to the applicable margin for revolving loans that are Eurodollar (LIBOR) loans. The revolving credit facility matures on June 5, 2019. The tranche A term loans are subject to principal amortization. $7.5 million was due and paid in fiscal 2014, $18.8 million was due and paid in fiscal 2015, $26.2 million is due and payable in fiscal 2016, $24.4 million is due and payable in fiscal 2017 and $76.9 million is due and payable in fiscal 2018. The balance of all borrowings under the tranche A term loan facility, or $146.2 million, is due and payable at maturity on June 5, 2019. The tranche B term loans mature on November 2, 2022 and are subject to amortization at the rate of 1% per year, with $7.5 million due and payable in each of fiscal years 2016 through 2021 and $705.0 million due and payable in fiscal 2022. If we prepay all or any portion of the tranche B term loans before May 2, 2016 in connection with a financing that has a lower interest rate or weighted average yield than the tranche B term loans, we will owe a repayment fee equal to 1% of the amount prepaid. Otherwise, we may prepay the term loans or permanently reduce the revolving credit facility commitment under the credit agreement at any time without premium or penalty (other than customary "breakage" costs with respect to the early termination of LIBOR loans). Subject to certain exceptions, the credit agreement provides for mandatory prepayment upon certain asset dispositions or casualty events and issuances of indebtedness. Interest under the revolving credit facility, including any outstanding letters of credit, and under the tranche A term loan facility, is determined based on alternative rates that we may choose in accordance with the credit agreement, including a base rate per annum plus an applicable margin ranging from 0.50% to 1.00%, and LIBOR plus an applicable margin ranging from 1.50% to 2.00%, in each case depending on our consolidated leverage ratio. At January 2, 2016, the revolving credit facility and the tranche A term loan interest rates were approximately 2.29% and 2.36%, respectively. Interest under the tranche B term loan facility is determined based on alternative rates that we may choose in accordance with the credit agreement, including a base rate per annum plus an applicable margin of 2.00%, and LIBOR plus an applicable margin of 3.00%. At January 2, 2016, the tranche B term loan interest rate was approximately 3.75%. Our obligations under the credit agreement are jointly and severally and fully and unconditionally guaranteed on a senior basis by all of our existing and certain future domestic subsidiaries. The credit facility is secured by substantially all of our and our domestic subsidiaries' assets except our and our domestic subsidiaries' real property. The credit agreement contains customary restrictive covenants, subject to certain permitted amounts and exceptions, including covenants limiting our ability to incur additional indebtedness, pay dividends and make other restricted payments, repurchase shares of our outstanding stock and create certain liens. The credit agreement also contains certain financial maintenance covenants, which, among other things, specify a maximum consolidated leverage ratio and a minimum interest coverage ratio, each ratio as defined in the credit agreement. Our consolidated leverage ratio (defined as the ratio of our consolidated net debt, as of the last day of any period of four consecutive fiscal quarters to our adjusted EBITDA for such period), may not exceed 7.00 to 1.00 through the fourth quarter of 2015; 6.75 to 1.00 for the first quarter of 2016 through the fourth quarter of 2016; and 6.50 to 1.00 for the first quarter of 2017 and thereafter. We are also required to maintain a consolidated interest coverage ratio of at least 1.75 to 1.00 as of the last day of any period of four consecutive fiscal quarters. As of January 2, 2016, we were in compliance with all of the covenants, including the financial covenants, in the credit agreement. The credit agreement also provides for an incremental term loan and revolving loan facility, pursuant to which we may request that the lenders under the credit agreement, and potentially other lenders, provide unlimited additional amounts of term loans or revolving loans or both on terms substantially consistent with those provided under the credit agreement. Among other things, the utilization of the incremental facility is conditioned on our ability to meet a maximum senior secured leverage ratio of 4.00 to 1.00, and a sufficient number of lenders or new lenders agreeing to participate in the facility. 4.625% Senior Notes due 2021. On June 4, 2013, we issued $700.0 million aggregate principal amount of 4.625% senior notes due 2021 at a price to the public of 100% of their face value. We used the net proceeds from the issuance of the 4.625% senior notes to purchase or redeem all $248.5 million principal amount of our then existing 7.625% senior notes due 2018, to repay $222.2 million principal amount of tranche B term loans and approximately $40.0 million principal amount of revolving loans under our credit agreement, and to pay related premiums, fees and expenses. We used the remaining net proceeds for the Pirate Brands acquisition. Interest on the 4.625% senior notes is payable on June 1 and December 1 of each year. The 4.625% senior notes will mature on June 1, 2021, unless earlier retired or redeemed. On or after June 1, 2016, we may redeem some or all of the 4.625% senior notes at a redemption price of 103.469% beginning June 1, 2016 and thereafter at prices declining annually to 100% on or after June 1, 2019, in each case plus accrued and unpaid interest to the date of redemption. We may redeem up to 35% of the aggregate principal amount of the 4.625% senior notes prior to June 1, 2016 with the net proceeds from certain equity offerings at a redemption price of 104.625% plus accrued and unpaid interest to the date of redemption. We may also redeem some or all of the 4.625% senior notes at any time prior to June 1, 2016 at a redemption price equal to the make-whole amount set forth in the indenture governing the 4.625% senior notes. In addition, if we undergo a change of control or upon certain asset sales, we may be required to offer to repurchase the 4.625% senior notes at the repurchase price set forth in the indenture plus accrued and unpaid interest to the date of repurchase. We may also, from time to time, seek to retire the 4.625% senior notes through cash repurchases of the 4.625% senior notes and/or exchanges of the 4.625% senior notes for equity securities, in open market purchases, privately negotiated transactions or otherwise. Such repurchases or exchanges, if any, will depend on prevailing market conditions, our liquidity requirements, contractual restrictions and other factors. The amounts involved may be material. Our obligations under the 4.625% senior notes are jointly and severally and fully and unconditionally guaranteed on a senior basis by all of our existing and certain future domestic subsidiaries. The 4.625% senior notes and the subsidiary guarantees are our and the guarantors' general unsecured obligations and are effectively junior in right of payment to all of our and the guarantors' secured indebtedness and to all existing and future indebtedness and other liabilities of our non-guarantor subsidiaries; are pari passu in right of payment to all of our and the guarantors' existing and future unsecured senior debt; and are senior in right of payment to all of our and the guarantors' future subordinated debt. Our foreign subsidiaries are not guarantors, and any future foreign or partially owned domestic subsidiaries will not be guarantors, of the 4.625% senior notes. The indenture contains covenants with respect to us and the guarantors and restricts the incurrence of additional indebtedness and the issuance of capital stock; the payment of dividends or distributions on, and redemption of, capital stock; a number of other restricted payments, including certain investments; creation of specified liens, certain sale-leaseback transactions and sales of certain specified assets; fundamental changes, including consolidation, mergers and transfers of all or substantially all of our assets; and specified transactions with affiliates. Each of the covenants is subject to a number of important exceptions and qualifications. As of January 2, 2016, we were in compliance with all of the covenants in the indenture governing the 4.625% senior notes. Subsidiary Guarantees. We have no assets or operations independent of our direct and indirect subsidiaries. All of our present domestic subsidiaries jointly and severally and fully and unconditionally guarantee our long-term debt. There are no significant restrictions on our ability and the ability of our subsidiaries to obtain funds from our respective subsidiaries by dividend or loan. See Note 17, "Guarantor and Non-Guarantor Financial Information." Deferred Debt Financing Costs. During fiscal 2015, we capitalized $14.5 million of debt financing costs relating to the tranche B term loans, which are being amortized over the seven year scheduled term of the tranche B term loans. During fiscal 2014, we wrote-off and expensed $5.4 million of deferred debt financing costs relating to the termination of our prior credit agreement, which included the repayment of $121.9 million aggregate principal amount of our tranche A term loans and $215.0 million of revolving loans. During fiscal 2014, we also capitalized $5.6 million and $2.9 million of debt financing costs relating to the revolving credit facility and tranche A term loans, respectively, which are being amortized over the five year scheduled term of the revolving credit facility and tranche A term loans. During fiscal 2013, we wrote-off and expensed $8.3 million of deferred debt financing costs relating to the repayment of the $248.5 million aggregate principal amount of 7.625% senior notes and our repayment of $222.2 million aggregate principal amount of tranche B term loans. During fiscal 2013, we also capitalized $12.2 million of debt financing costs, which are being amortized over the eight year scheduled term of the 4.625% senior notes and we also capitalized $0.4 million of debt financing costs in connection with an amendment to our credit facility, which are being amortized over the remainder of the five year scheduled term of our revolving credit facility. As of January 2, 2016 and January 3, 2015 we had net deferred debt financing costs of $28.1 million and $17.2 million, respectively, included in other assets in the accompanying consolidated balance sheets. Loss on Extinguishment of Debt. During fiscal 2015, we did not have any loss on extinguishment of debt. Loss on extinguishment of debt for fiscal 2014 includes costs in connection with the termination of our prior credit agreement and the repayment of all outstanding obligations thereunder. The loss on extinguishment includes the write-off of deferred debt financing costs of $5.4 million, as discussed above, and the write-off of unamortized discount of $0.3 million. Loss on extinguishment of debt for fiscal 2013 includes costs relating to our repurchase of $248.5 million aggregate principal amount of 7.625% senior notes and our repayment of $222.2 million aggregate principal amount of tranche B term loans, including the repurchase premium and other expenses of $20.2 million, the write-off of deferred debt financing costs of $8.3 million and the write-off of unamortized discount of $2.8 million. Contractual Maturities. As of January 2, 2016, the aggregate contractual maturities of long-term debt are as follows (in thousands): Fiscal Year: 2016 $ 2017 2018 2019 2020 Thereafter ​ ​ ​ ​ ​ Total $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accrued Interest. At January 2, 2016 and January 3, 2015 accrued interest of $5.7 million and $3.5 million, respectively, is included in accrued expenses in the accompanying consolidated balance sheets.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Jan. 02, 2016
Fair Value Measurements
Fair Value Measurements	(8) Fair Value Measurements The authoritative accounting literature relating to fair value measurements defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). The accounting literature outlines a valuation framework and creates a fair value hierarchy in order to increase the consistency and comparability of fair value measurements and the related disclosures. Under generally accepted accounting principles, certain assets and liabilities must be measured at fair value, and the accounting literature details the disclosures that are required for items measured at fair value. Financial assets and liabilities are measured using inputs from the three levels of the fair value hierarchy under the accounting literature. The three levels are as follows: Level 1—Inputs are unadjusted quoted prices in active markets for identical assets or liabilities. Level 2—Observable inputs other than Level 1 quoted prices, such as quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value driver is observable for the asset or liability, either directly or indirectly. Level 3—Unobservable inputs that reflect our assumptions about the assumptions that market participants would use in pricing the asset or liability. Cash and cash equivalents, trade accounts receivable, income tax receivable, trade accounts payable, accrued expenses and dividends payable are reflected in the consolidated balance sheets at carrying value, which approximates fair value due to the short-term nature of these instruments. The carrying values and fair values of our revolving credit loans, term loans and senior notes as of January 2, 2016 and January 3, 2015 are as follows (in thousands): January 2, 2016 January 3, 2015 Carrying Value Fair Value Carrying Value Fair Value Revolving Credit Loans $ $ (1) $ $ (1) Tranche A Term Loans due 2019 $ (2) $ (1) $ (2) $ (1) Tranche B Term Loans due 2022 $ (3) $ (1) $ — $ — 4.625% Senior Notes due 2021 $ $ (4) $ $ (4) (1) Fair values are estimated based on Level 2 inputs, which were quoted prices for identical or similar instruments in markets that are not active. (2) The carrying values of the tranche A term loans are net of discount. At January 2, 2016 and January 3, 2015, the face amounts of the tranche A term loans were $273.8 million and $292.5 million, respectively. (3) The carrying values of the tranche B term loans are net of discount. At January 2, 2016, the face amount of the tranche B term loans was $750.0 million. (4) Fair values are estimated based on quoted market prices. In fiscal 2013, in connection with the Rickland Orchards acquisition, additional purchase price payments ranging from zero to $15.0 million are contingent upon the achievement of certain revenue growth targets during fiscal 2014, 2015 and 2016 meant to achieve revenue growth in excess of base purchase price acquisition model assumptions. We estimated the original fair value of the contingent consideration as the present value of the expected contingent payments, determined using the weighted probabilities of the possible payments. As of the date of acquisition, we estimated the original fair value of the contingent consideration to be approximately $7.6 million. During fiscal 2014 and fiscal 2013, we recorded interest accretion expense on the contingent consideration liability of $0.4 million and $0.2 million, respectively. We are required to reassess the fair value of the contingent consideration at each reporting period. At June 28, 2014, we remeasured the fair value of the contingent consideration using actual operating results through June 28, 2014 and revised our forecasted operating results for Rickland Orchards for the remainder of fiscal 2014, 2015 and 2016. As a result of lower than expected net sales results for Rickland Orchards and the unlikelihood of Rickland Orchards achieving the revenue growth targets, the fair value of the contingent consideration was reduced to zero, resulting in a non-cash gain of $8.2 million that is included in gain on change in fair value of contingent consideration in the accompanying audited consolidated statements of operations for fiscal 2014. Therefore, during fiscal 2015, we did not record interest accretion expense on the contingent consideration liability. The significant inputs used in these estimates include numerous possible scenarios for the contingent earn-out payments based on the contractual terms of the contingent consideration, for which probabilities are assigned to each scenario, which are then discounted based on an individual risk analysis of the respective liabilities. Although we believe our assumptions are reasonable, different assumptions or changes in the future may result in different estimated amounts. The following table summarized the Level 3 activity (in thousands): January 2, 2016 January 3, 2015 Balance at beginning of year $ — $ Contingent consideration accretion expense — Gain on change in fair value of contingent consideration — ) ​ ​ ​ ​ ​ ​ ​ ​ Balance at end of year $ — $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	12 Months Ended
	Jan. 02, 2016
Accumulated Other Comprehensive Loss.
Accumulated Other Comprehensive Loss	(9) Accumulated Other Comprehensive Loss The reclassification from accumulated other comprehensive loss for fiscal 2015 and 2014 are as follows (in thousands): Amount Reclassified From AOCL Details about AOCL Components January 2, 2016 January 3, 2015 Affected Line Item in the Statement Where Net Income (loss) is Presented Defined benefit pension plan items Amortization of prior service cost $ $ See (1) below Amortization of unrecognized loss — See (1) below ​ ​ ​ ​ ​ ​ ​ ​ ​ Total before tax ) ) Income tax expense ​ ​ ​ ​ ​ ​ ​ ​ ​ Total reclassification $ $ Net of tax ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) These items are included in the computation of net periodic pension cost. See Note 12, "Pension Benefits," for additional information. Changes in accumulated other comprehensive loss for fiscal 2015 and 2014 are as follows (in thousands): Defined Benefit Pension Plan Items Foreign Currency Translation Adjustments Total Balance at December 28, 2013 $ ) $ ) $ ) Other comprehensive loss before reclassifications ) ) ) Amounts reclassified from AOCL — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net current period other comprehensive loss ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at January 3, 2015 ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive loss before reclassifications ) ) Amounts reclassified from AOCL ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net current period other comprehensive income (loss) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at January 2, 2016 $ ) $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Income Taxes

Income Taxes	12 Months Ended
	Jan. 02, 2016
Income Taxes
Income Taxes	(10) Income Taxes The components of income before income tax expense consist of the following (in thousands): Fiscal 2015 Fiscal 2014 Fiscal 2013 U.S. $ $ $ Foreign ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income tax expense (benefit) consists of the following (in thousands): Fiscal 2015 Fiscal 2014 Fiscal 2013 Current: Federal $ $ $ State Foreign ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Subtotal Deferred: Federal State Foreign ) — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Subtotal ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income tax expense differs from the expected income tax expense (computed by applying the U.S. federal income tax rate of 35% for fiscal years 2015, 2014 and 2013 to income before income tax expense) as a result of the following: Fiscal 2015 Fiscal 2014 Fiscal 2013 Expected tax expense % % % Increase (decrease): State income taxes, net of federal income tax benefit % % % Impact on deferred taxes from changes in state tax rates % — )% Foreign income taxes — — — Permanent differences )% — — Foreign tax credit )% — — Other % )% )% ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total % % % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ In fiscal 2015, 2014 and 2013, changes in state apportionments or state tax laws impacted our blended state rate, resulting in a tax expense of $7.2 million and a tax benefit of $0.1 million and $0.3 million, respectively. The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are presented below (in thousands): January 2, 2016 January 3, 2015 Deferred tax assets: Accounts receivable, principally due to allowance $ $ Inventories, principally due to additional costs capitalized for tax purposes Accruals and other liabilities Net operating loss and tax credit carry forwards Other liabilities — — ​ ​ ​ ​ ​ ​ ​ ​ Total gross deferred tax assets Deferred tax liabilities: Plant and equipment ) ) Goodwill and other intangible assets ) ) Prepaid expenses ) ) ​ ​ ​ ​ ​ ​ ​ ​ Total gross deferred tax liabilities ) ) ​ ​ ​ ​ ​ ​ ​ ​ Net deferred tax liability $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. Based upon the level of historical taxable income and projections for future taxable income and reversal of deferred tax liabilities over the periods in which the deferred tax assets are deductible, management believes it is more likely than not that we will realize the benefits of these deductible differences, at January 2, 2016. The amount of the deferred tax assets considered realizable, however, could be reduced in the near term if estimates of future taxable income during future periods are reduced. The valuation allowance at January 2, 2016 and January 3, 2015 was $0. At January 2, 2016 we had intangibles of $1,133.0 million for tax purposes, which are amortizable through 2029. We operate in multiple taxing jurisdictions within the United States, Canada and Mexico and from time to time face audits from various tax authorities regarding the deductibility of certain expenses, state income tax nexus, intercompany transactions, transfer pricing and other matters. In January 2015, our company received notice that the IRS intends to conduct an audit of our 2012 tax year. During the second quarter of 2015, we provided documents and information to the IRS in response to its questions. There have been no further communications from the IRS since then. Although the final resolution of the audit is uncertain, we believe that the ultimate disposition will not have a material adverse effect on our consolidated financial position, results of operations or liquidity. Although we do not believe that we are otherwise currently under examination in any of our major tax jurisdictions, we remain subject to examination in all of our tax jurisdictions until the applicable statutes of limitations expire. As of January 2, 2016, a summary of the tax years that remain subject to examination in our major tax jurisdictions are: United States—Federal 2012 and forward United States—States 2011 and forward Canada 2011 and forward Mexico 2015 As of January 2, 2016, we do not have any reserves for uncertain tax positions. Our policy is to classify interest and penalties that result from any income tax uncertainties as income tax expense.

Capital Stock

Capital Stock	12 Months Ended
	Jan. 02, 2016
Capital Stock
Capital Stock	(11) Capital Stock Voting Rights. The holders of our common stock are entitled to one vote per share with respect to each matter on which the holders of our common stock are entitled to vote. The holders of our common stock are not entitled to cumulate their votes in the election of our directors. Dividends. The holders of our common stock are entitled to receive dividends, if any, as they may be lawfully declared from time to time by our board of directors, subject to any preferential rights of holders of any outstanding shares of preferred stock. In the event of any liquidation, dissolution or winding up of our company, common stockholders are entitled to share ratably in our assets available for distribution to the stockholders, subject to the prior rights of holders of any outstanding preferred stock. See Note 16, "Quarterly Financial Data (unaudited)," for dividends declared for each quarter of fiscal 2015 and 2014. Additional Issuance of Our Authorized Common Stock and Preferred Stock. Additional shares of our authorized common stock and preferred stock may be issued, as determined by our board of directors from time to time, without approval of holders of our common stock, except as may be required by applicable law or the rules of any stock exchange or automated quotation system on which our securities may be listed or traded. Our board of directors has the authority by resolution to determine and fix, with respect to each series of preferred stock prior to the issuance of any shares of the series to which such resolution relates, the designations, powers, preferences and rights of the shares of preferred stock of such series and any qualifications, limitations or restrictions thereof. Stock Repurchases. We did not repurchase any shares of common stock during fiscal 2015, 2014 or 2013. Common Stock Issued. In May 2015, we completed an underwritten public offering of 4,200,000 shares of our common stock at a price to the public of $30.60 per share. The proceeds of the offering were approximately $126.2 million, after deducting underwriting discounts and commissions and other offering expenses. The offering was made by means of a prospectus and related prospectus supplement included as part of an effective shelf registration statement previously filed with the SEC. We used the net proceeds of the offering to repay a portion of our long-term debt, to pay the purchase price and related transaction costs for the Mama Mary's acquisition and for general corporate purposes. See Note 3, "Acquisitions." In October 2013, as partial consideration for the Rickland Orchards acquisition, we issued to the seller 572,546 shares of common stock valued at $20.1 million. See Note 3, "Acquisitions."

Pension Benefits

Pension Benefits	12 Months Ended
	Jan. 02, 2016
Pension Benefits
Pension Benefits	(12) Pension Benefits We have three defined benefit pension plans covering approximately one quarter of our employees. The benefits are based on years of service and the employee's compensation, as defined. The following table sets forth our defined benefit pension plans' benefit obligation, fair value of plan assets and funded status recognized in the consolidated balance sheets. We used January 2, 2016 and January 3, 2015 measurement dates for fiscal 2015 and 2014, respectively, to calculate end of year benefit obligations, fair value of plan assets and annual net periodic benefit cost. January 2, 2016 January 3, 2015 (in thousands) Change in projected benefit obligation: Projected benefit obligation at beginning of year $ $ Actuarial (gain) loss ) Service cost Interest cost Benefits paid ) ) Curtailments ) — ​ ​ ​ ​ ​ ​ ​ ​ Projected benefit obligation at end of year ​ ​ ​ ​ ​ ​ ​ ​ Change in plan assets: Fair value of plan assets at beginning of year Actual gain on plan assets Employer contributions Benefits paid ) ) ​ ​ ​ ​ ​ ​ ​ ​ Fair value of plan assets at end of year ​ ​ ​ ​ ​ ​ ​ ​ Net amount recognized: Other assets $ $ Other long-term liabilities ) ) ​ ​ ​ ​ ​ ​ ​ ​ Funded status at the end of the year $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount recognized in accumulated other comprehensive loss consists of: Prior service cost $ ) $ ) Actuarial loss ) ) Deferred taxes ​ ​ ​ ​ ​ ​ ​ ​ Accumulated other comprehensive loss $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The accumulated benefit obligations of the three plans were $59.6 million and $58.9 million at January 2, 2016 and January 3, 2015, respectively. The following information is presented for those plans with an accumulated benefit obligation in excess of plan assets: January 2, 2016 January 3, 2015 Accumulated benefit obligation $ $ Fair value of plan assets $ $ The amounts in accumulated other comprehensive loss that are expected to be recognized as components of net periodic benefit cost in fiscal 2016 are as follows (in thousands): Prior service cost $ Actuarial loss ​ ​ ​ ​ ​ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ January 2, 2016 January 3, 2015 Weighted-average assumptions: Discount rate % % Rate of compensation increase % % Expected long-term rate of return % % The discount rate used to determine year-end fiscal 2015 and fiscal 2014 pension benefit obligations was derived by matching the plans' expected future cash flows to the corresponding yields from the Citigroup Pension Discount Curve. This yield curve has been constructed to represent the available yields on high-quality fixed-income investments across a broad range of future maturities. The overall expected long-term rate of return on plan assets assumption is based upon a building-block method, whereby the expected rate of return on each asset class is broken down into the following components: (1) inflation; (2) the real risk-free rate of return (i.e., the long-term estimate of future returns on default-free U.S. government securities); and (3) the risk premium for each asset class (i.e., the expected return in excess of the risk-free rate). All three components are based primarily on historical data, with modest adjustments to take into account additional relevant information that is currently available. For the inflation and risk-free return components, the most significant additional information is that provided by the market for nominal and inflation-indexed U.S. Treasury securities. That market provides implied forecasts of both the inflation rate and risk-free rate for the period over which currently available securities mature. The historical data on risk premiums for each asset class is adjusted to reflect any systemic changes that have occurred in the relevant markets; e.g., the higher current valuations for equities, as a multiple of earnings, relative to the longer-term average for such valuations. Net periodic cost includes the following components (in thousands): Fiscal 2015 Fiscal 2014 Fiscal 2013 Service cost—benefits earned during the period $ $ $ Interest cost on projected benefit obligation Expected return on plan assets ) ) ) Amortization of unrecognized prior service cost Amortization of loss — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net pension cost $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The asset allocation for our pension plans at the end of fiscal 2015 and fiscal 2014, and the target allocation for fiscal 2015, by asset category, follows. Our pension plan assets are managed by outside investment managers; assets are rebalanced at the end of each quarter. Our investment strategy with respect to pension assets is to maximize return while protecting principal. The investment manager has the flexibility to adjust the asset allocation and move funds to the asset class that offers the most opportunity for investment returns. Percentage of Plan Assets at Year End Asset Category Target Allocation January 2, 2016 January 3, 2015 Equity securities % % % Fixed income securities % % % Other — % % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total % % % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The general investment objective of each of the pension plans is to grow the plan assets in relation to the plan liabilities while prudently managing the risk of a decrease in the plan's assets relative to those liabilities. To meet this objective, our management has adopted the above target allocations that it reconsiders from time to time as circumstances change. The actual plan asset allocations may be within a range around these targets. The actual asset allocations are reviewed and rebalanced on a periodic basis. The fair values of our pension plan assets at January 2, 2016 and January 3, 2015, utilizing the fair value hierarchy discussed in Note 8, "Fair Value Measurements" follow (in thousands): January 2, 2016 January 3, 2015 Level 1 Levels 2 & 3 Level 1 Levels 2 & 3 Asset Category Cash $ $ — $ $ — Equity securities: U.S. mutual funds — — Foreign mutual funds — — U.S. common stocks — — Foreign common stocks — — Fixed income securities: U.S. mutual funds — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ — $ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The investment portfolio contains a diversified blend of common stocks, bonds, cash equivalents and other investments, which may reflect varying rates of return. The investments are further diversified within each asset classification. The portfolio diversification provides protection against a single security or class of securities having a disproportionate impact on aggregate performance. Of the $15.7 million of U.S. common stocks in the investment portfolio at the end of fiscal 2015, $5.8 million was invested in B&G Foods' common stock. Of the $19.7 million of U.S. common stocks in the investment portfolio at the end of fiscal 2014, $4.9 million was invested in B&G Foods' common stock. Information about the expected cash flows for the pension plan follows (in thousands): Pension Payments Benefit payments: 2016 $ 2017 2018 2019 2020 2021 to 2025 We currently anticipate making contributions of approximately $3.5 million to our pension plan in fiscal 2016. We also sponsor a defined contribution plan covering substantially all of our employees. Employees may contribute to this plan and these contributions are matched by us at varying amounts. Contributions for the matching component of this plan amounted to $1.0 million for each of fiscal 2015, 2014 and 2013. Multi-Employer Defined Benefit Pension Plan. We also contribute to the Bakery and Confectionery Union and Industry International Pension Fund (EIN 52-6118572, Plan No. 001), a multi-employer defined benefit pension plan, sponsored by the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union (BCTGM). The plan provides multiple plan benefits with corresponding contribution rates that are collectively bargained between participating employers and their affiliated BCTGM local unions. We were notified that for the plan year beginning January 1, 2012, the plan was in critical status and classified in the Red Zone. As of the date of the accompanying audited consolidated financial statements, the plan remains in critical status. The law requires that all contributing employers pay to the plan a surcharge to help correct the plan's financial situation. The amount of the surcharge is equal to a percentage of the amount an employer is otherwise required to contribute to the plan under the applicable collective bargaining agreement. A 5% surcharge payable on hours worked on and after June 1, 2012 until December 31, 2012 was charged for plan year 2012, the initial critical year. A 10% surcharge payable on hours worked on and after January 1, 2013 was applicable for each succeeding plan year that the plan was in critical status until we agreed to a collective bargaining agreement that implements a rehabilitation plan. During the second quarter of 2015, we agreed to a collective bargaining agreement that, among other things, implements a rehabilitation plan. As a result, our contributions to the plan are expected to increase by at least 5.0% per year above what we had been contributing. B&G Foods made contributions to the plan of $0.8 million in fiscal 2015 and $1.0 million in each of fiscal 2014 and 2013. These contributions represented less than five percent of total contributions made to the plan. In each of fiscal 2015, 2014 and 2013, we paid less than $0.1 million in surcharges and expect to pay surcharges of less than $0.1 million in fiscal 2016 assuming consistent hours are worked.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Jan. 02, 2016
Commitments and Contingencies
Commitments and Contingencies	(13) Commitments and Contingencies Operating Leases. We have several noncancelable operating leases, primarily for our corporate headquarters, one of our manufacturing facilities, warehouses, transportation equipment and machinery. These leases generally require us to pay all executory costs such as maintenance, taxes and insurance. Total rental expense for our operating leases was $8.0 million, $7.3 million and $6.4 million, for fiscal 2015, 2014 and 2013, respectively. As of January 2, 2016, future minimum lease payments under non-cancelable operating leases (with initial or remaining lease terms in excess of one year) for the periods set forth below are as follows (in thousands): Fiscal year ending: Third Parties 2016 $ 2017 2018 2019 2020 Thereafter ​ ​ ​ ​ ​ Total $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Legal Proceedings. We are from time to time involved in various claims and legal actions arising in the ordinary course of business, including proceedings involving product liability claims, product labeling claims, worker's compensation and other employee claims, and tort and other general liability claims, as well as trademark, copyright, patent infringement and related claims and legal actions. While we cannot predict with certainty the results of these claims and legal actions in which we are currently or in the future may be involved, we do not expect that the ultimate disposition of any currently pending claims or actions will have a material adverse effect on our consolidated financial position, results of operations or liquidity. B&G Foods has been named as a defendant in a putative class action lawsuit filed by The Weston Firm on behalf of Troy Walker in August 2015 in the United States District Court for the Northern District of California. The lawsuit alleges that our company has violated California's Consumer Legal Remedies Act and Unfair Competition Law, with respect to the advertising, marketing and labeling of certain Ortega taco shells. Specifically, the plaintiff alleges, among other things, that the products are deceptively marketed because the products are labeled "0g trans fat" on the front of the package and contain partially hydrogenated oil. The complaint seeks monetary damages, injunctive relief and attorneys' fees. We have been vigorously defending this lawsuit and believe that the plaintiff's claims are without merit and that the products are and have at all times been properly labeled in compliance with applicable law. We also believe the claims are moot because, among other things, we began transitioning away from partially hydrogenated oil in these products before first being contacted by The Weston Firm and we no longer use partially hydrogenated oil in these products. On February 8, 2016, the court ruled on our motion to dismiss, dismissing all of the plaintiff's labeling claims and agreeing with our position that any claim for removal of partially hydrogenated oil would be moot after B&G Foods has done so. Plaintiff's only surviving claims relate to his alleged use of these products. These claims have been stayed, however, pending further guidance from the FDA, which has already stated that companies may continue to use partially hydrogenated oil through at least 2018. Based upon information currently available, we do not believe the ultimate resolution of this matter will have a material adverse effect on B&G Foods' consolidated financial position, results of operations or liquidity. Selling, general and administrative expenses for fiscal 2013 include a gain of $1.5 million relating to a legal settlement. Environmental. We are subject to environmental laws and regulations in the normal course of business. We did not make any material expenditures during fiscal 2015, 2014 or 2013 in order to comply with environmental laws and regulations. Based on our experience to date, management believes that the future cost of compliance with existing environmental laws and regulations (and liability for any known environmental conditions) will not have a material adverse effect on our consolidated financial position, results of operations or liquidity. However, we cannot predict what environmental or health and safety legislation or regulations will be enacted in the future or how existing or future laws or regulations will be enforced, administered or interpreted, nor can we predict the amount of future expenditures that may be required in order to comply with such environmental or health and safety laws or regulations or to respond to such environmental claims. Collective Bargaining Agreements. As of January 2, 2016, approximately 1,100 of our 2,003 employees, or 55%, were covered by collective bargaining agreements, of which approximately 178 were covered by a collective bargaining agreement expiring within the next 12 months. Our collective bargaining agreement with the Drivers, Salesmen, Warehousemen, Milk Processors, Cannery, Dairy Employees and Helpers Union, Local No. 695 that covers certain employees at our Stoughton, Wisconsin manufacturing facility is scheduled to expire on March 31, 2016. We are currently in negotiations for a new collective bargaining agreement for our Stoughton, Wisconsin facility. While we believe that our relations with our union employees are in general good, we cannot assure you that we will be able to negotiate a new collective bargaining agreement for the Stoughton, Wisconsin manufacturing facility on terms satisfactory to us, or at all, and without production interruptions, including labor stoppages. As of the date of the accompanying audited financial statements, however, management does not expect the outcome of these negotiations to have a material adverse effect on our business, financial condition or results of operations. None of our other collective bargaining agreements is scheduled to expire within one year. Severance and Change of Control Agreements. We have employment agreements with each of our seven executive officers. The agreements generally continue until terminated by the executive or by us, and provide for severance payments under certain circumstances, including termination by us without cause (as defined in the agreements) or as a result of the employee's death or disability, or termination by us or a deemed termination upon a change of control (as defined in the agreements). Severance benefits generally include payments for salary continuation, continuation of health care and insurance benefits, present value of additional pension credits and, in the case of a change of control, accelerated vesting under compensation plans and, in certain cases, potential gross up payments for excise tax liability. Ortega and Las Palmas Recall . On November 14, 2014, we announced a voluntary recall for certain Ortega and Las Palmas products after learning that one or more of the spice ingredients purchased from a third party supplier contained peanuts and almonds, allergens that are not declared on the products' ingredient statements. A significant majority of the costs of this recall were incurred in the fourth quarter of 2014. The cost impact of this recall during fiscal 2015 was $1.9 million, of which $1.2 million was recorded as a decrease in net sales related to customer refunds; $0.5 million was recorded as an increase in cost of goods sold primarily related to costs associated with product retrieval, destruction charges and customer fees; and $0.2 million was recorded as an increase in selling, general, and administrative expenses related to administrative costs. The cost impact of this recall during fiscal 2014 (net of $5.0 million of insurance proceeds recovered in fiscal 2015 and not including an estimated $4.8 million of lost sales during the period of time production and distribution of the affected products were suspended) was $12.8 million, of which $4.1 million was recorded as a decrease in net sales related to customer refunds; $8.2 million was recorded as an increase in cost of goods sold primarily related to costs associated with product retrieval, destruction charges, customer fees and inventory write-offs; and $0.5 million was recorded as an increase in selling, general, and administrative expenses related to administrative costs. The charges we recorded are based upon costs incurred to date. We do not expect any future expenses to be material. During 2015, we recovered $5.0 million of insurance proceeds.

Incentive Plans

Incentive Plans	12 Months Ended
	Jan. 02, 2016
Incentive Plans
Incentive Plans	(14) Incentive Plans Annual Bonus Plan. Annually, our board of directors establishes a bonus plan that provides for cash awards to be made to our executive officers and other senior managers upon our company's attainment of pre-set annual financial objectives and individual performance. Awards are normally paid in cash in a lump sum following the close of each plan year. At January 2, 2016, accrued expenses in the accompanying consolidated balance sheets include an accrual for the annual bonus plan of $7.0 million. At January 3, 2015, we did not have an accrual for the annual bonus plan because fiscal 2014 annual financial objectives had not been attained. 2008 Omnibus Incentive Compensation Plan. Upon the recommendation of our compensation committee, our board of directors on March 10, 2008 adopted (subject to stockholder approval) the B&G Foods, Inc. 2008 Omnibus Incentive Compensation Plan, which we refer to as the 2008 Omnibus Plan. Our stockholders approved the 2008 Omnibus Plan at our annual meeting on May 6, 2008. Our stockholders reapproved the material terms of the performance goals in our 2008 Omnibus Plan at our annual meeting on May 16, 2013. The 2008 Omnibus Plan authorizes the grant of performance share awards, restricted stock, options, stock appreciation rights, deferred stock, stock units and cash-based awards to employees, non-employee directors and consultants. Subject to adjustment as provided in the plan, the total number of shares of common stock available for awards under the plan is 4,500,000, of which 2,576,598 were available for future issuance as of January 2, 2016. Some of those shares are subject to outstanding performance share long-term incentive awards (LTIAs) and stock options as described in the table below. Performance Share Awards. Beginning in fiscal 2008, our compensation committee has made annual grants of performance share LTIAs to our executive officers and certain other members of senior management under the 2008 Omnibus Plan. The performance share LTIAs entitle the participants to earn shares of common stock upon the attainment of certain performance goals over the applicable performance period. The performance period is typically three years. Each performance share LTIA has a threshold, target and maximum payout. The awards are settled based upon our performance over the applicable performance period. For the performance share LTIAs granted to date, the applicable performance metric is and has been "excess cash" (as defined in the award agreements). If our performance fails to meet the performance threshold, then the awards will not vest and no shares will be issued pursuant to the awards. If our performance meets or exceeds the performance threshold, then a varying amount of shares from the threshold amount (50% of the target number of shares) up to the maximum amount (200% of the target number of shares) may be earned. Subject to the performance goal for the applicable performance period being certified in writing by our compensation committee as having been achieved, shares of common stock are issued prior to March 15 following the completion of the performance period. The following table details the activity in our performance share LTIAs for fiscal 2015: Number of Performance Shares Weighted Average Grant Date Fair Value (per share) (2) Beginning of fiscal 2015 (1) $ Granted (1) $ Vested ) $ Forfeited ) $ ​ ​ ​ ​ ​ ​ ​ ​ End of fiscal 2015 $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Solely for purposes of this table, the number of performance shares is based on the participants earning the maximum number of performance shares (i.e., 200% of the target number of performance shares). (2) The fair value of the awards was determined based upon the closing price of our common stock on the applicable measurement dates (i.e., the deemed grant dates for accounting purposes) reduced by the present value of expected dividends using the risk-free interest-rate as the award holders are not entitled to dividends or dividend equivalents during the vesting period. Employee Stock Options . The following table details our stock option activity for fiscal 2015: Options Weighted Average Exercise Price Weighted Average Contractual Life Remaining (Years) Aggregate Intrinsic Value Outstanding at beginning of fiscal 2015 $ Granted $ Exercised — — Forfeited ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Outstanding at end of fiscal 2015 $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exercisable at end of fiscal 2015 — — — — The fair value of the options was estimated on the date of grant using the Black-Scholes option-pricing model utilizing the following assumptions. Expected volatility was based on both historical and implied volatilities of our common stock over the estimated expected term of the award. The expected term of the options granted represents the period of time that options were expected to be outstanding and is based on the "simplified method" in accordance with accounting guidance. We utilized the simplified method to determine the expected term of the options as we do not have sufficient historical exercise data to provide a reasonable basis upon which to estimate expected term. The risk-free interest rate was based on the U.S. Treasury yield curve in effect at the time of the grant, which corresponds to the expected term of the options. Fiscal 2015 Fiscal 2014 Weighted average grant date fair value $6.00 $6.74 Expected volatility 36.0% 34.8% Expected term 6.5 years 6.5 years Risk-free interest rate 1.6% - 1.9% 1.9% Dividend yield 4.7% - 4.9% 4.4% No stock options were issued or outstanding in fiscal 2013. Non-Employee Director Stock Grants. Each of our non-employee directors receives an annual equity grant as part of his or her non-employee director compensation. These shares fully vest when issued. The following table details the number of shares of common stock issued by our company during fiscal 2015, 2014 and 2013 upon the vesting of performance share long-term incentive awards and for non-employee director annual equity grants and other share based compensation: January 2, 2016 January 3, 2015 December 28, 2013 Number of performance shares vested Shares withheld to fund statutory minimum tax withholding ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Shares of common stock issued for performance share long-term incentive awards Shares of common stock issued to non-employee directors for annual equity grants Shares of common stock issued for other share based compensation, net of shares withheld to fund statutory minimum tax withholding — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total shares of common stock issued ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Excess tax benefit recorded to additional paid in capital $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The following table sets forth the compensation expense recognized for share-based payments (performance share LTIAs, stock options, non-employee director stock grants and other share based payments) during the last three fiscal years and where that expense is reflected in our consolidated statements of operations (in thousands): Consolidated Statements of Operations Location Fiscal 2015 Fiscal 2014 Fiscal 2013 Compensation expense included in cost of goods sold $ $ $ Compensation expense included in selling, general and administrative expenses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total compensation expense for share-based payments $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of January 2, 2016, there was $3.3 million of unrecognized compensation expense related to LTIAs, which is expected to be recognized during the next two fiscal years and $2.0 million of unrecognized compensation expense related to stock options, which is expected to be recognized during the next three fiscal years.

Net Sales by Brand

Net Sales by Brand	12 Months Ended
	Jan. 02, 2016
Net Sales by Brand
Net Sales by Brand	(15) Net Sales by Brand The following table sets forth net sales by brand (in thousands): Fiscal 2015 Fiscal 2014 (6) Fiscal 2013 Brand (1) : Ortega $ $ $ Green Giant (2) — — Pirate Brands (3) Maple Grove Farms of Vermont Mrs. Dash Cream of Wheat Bear Creek Country Kitchens (4) — Las Palmas Polaner Bloch & Guggenheimer New York Style Spring Tree (4) — All other brands (5) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Table includes net sales for each of our brands whose net sales equals or exceeds 2% of our total fiscal 2015 net sales and for all other brands in the aggregate. Net sales for each brand also includes branded net sales and, if applicable, any private label and food service net sales attributable to the brand. (2) We completed the acquisition of Green Giant on November 2, 2015. Includes net sales for the Green Giant and Le Sueur brands. (3) We completed the acquisition of Pirate Brands on July 8, 2013. (4) We completed the acquisition of Specialty Brands on April 23, 2014, including the Bear Creek Country Kitchens and Spring Tree brands. (5) Net sales for "all other brands" has been impacted by the acquisition of the Cary's, MacDonald's, New York Flatbreads and Canoleo brands acquired as part of the Specialty Brands acquisition, which was completed on April 23, 2014. (6) Fiscal 2015 and fiscal 2013 contained 52 weeks and fiscal 2014 contained 53 weeks.

Quarterly Financial Data (unaud

Quarterly Financial Data (unaudited)	12 Months Ended
	Jan. 02, 2016
Quarterly Financial Data (unaudited)
Quarterly Financial Data (unaudited)	(16) Quarterly Financial Data (unaudited) First Quarter Second Quarter Third Quarter Fourth Quarter (in thousands, expect per share data) Net sales 2015 $ $ $ $ 2014 $ $ $ $ Gross profit 2015 $ $ $ $ 2014 $ $ $ $ Net income (loss) 2015 $ $ $ $ 2014 $ $ $ ) $ Basic and diluted earnings (loss) per share 2015 $ $ $ $ 2014 $ $ $ ) $ Cash dividends declared per share 2015 $ $ $ $ 2014 $ $ $ $ Earnings per share were computed individually for each of the quarters presented using the weighted average number of shares outstanding during each quarterly period, while earnings per share for the full year were computed using the weighted average number of shares outstanding during the full year; therefore, the sum of the earnings per share amounts for the quarters may not equal the total for the full year

Guarantor and Non-Guarantor Fin

Guarantor and Non-Guarantor Financial Information	12 Months Ended
	Jan. 02, 2016
Guarantor and Non-Guarantor Financial Information
Guarantor and Non-Guarantor Financial Information	(17) Guarantor and Non-Guarantor Financial Information As further discussed in Note 7, our obligations under the 4.625% senior notes are jointly and severally and fully and unconditionally guaranteed on a senior basis by all of our existing and certain future domestic subsidiaries, which we refer to in this Note 17 as the guarantor subsidiaries. Our foreign subsidiaries, which we refer to in this Note 17 as the non-guarantor subsidiaries, do not guarantee the 4.625% senior notes. The following condensed consolidating financial information presents the condensed consolidating balance sheet as of January 2, 2016, and the related condensed consolidating statement of operations and condensed consolidating statement of cash flows for the for the fiscal year ended January 2, 2016 for: 1. B&G Foods, Inc. (the Parent), 2. the guarantor subsidiaries, 3. the non-guarantor subsidiaries, and 4. B&G Foods and all of its subsidiaries on a consolidated basis. The information includes elimination entries necessary to consolidate the Parent with the guarantor subsidiaries and non-guarantor subsidiaries. The guarantor subsidiaries and non-guarantor subsidiaries are presented on a combined basis. The principal elimination entries eliminate investments in subsidiaries and intercompany balances and transactions. Separate financial information for each of the guarantor subsidiaries and non-guarantor subsidiaries are not presented because management believes such financial statements would not be meaningful to investors. Condensed Consolidating Balance Sheet As of January 2, 2016 (In thousands) Parent Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Consolidated Assets Current Assets: Cash and cash equivalents $ — $ $ $ — $ Trade accounts receivable, net — — Inventories, net — — Prepaid expenses and other current assets — — Income tax receivable — ) Deferred income taxes — ) Intercompany receivables — — ) — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total current assets ) Property, plant and equipment, net — — Goodwill — — — Other intangibles, net — — — Other assets — — — Investments in subsidiaries — ) — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets $ $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities and Stockholders' Equity Current Liabilities: Trade accounts payable $ — $ $ $ — $ Current portion of long-term debt — — — Accrued expenses — ) Dividends payable — — — Intercompany payables — — ) — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total current liabilities ) Long-term debt, excluding current installments — — — Other liabilities — — — Deferred income taxes — — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total liabilities ) Common stock — — — Additional paid-in capital ) Accumulated other comprehensive loss ) ) ) ) Retained earnings ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total stockholders' equity ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total liabilities and stockholders' equity $ $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) Year ended January 2, 2016 (In thousands) Parent Company Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ $ $ ) $ Cost of goods sold — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross profit — — Operating expenses: Sales, general and administrative expenses — — Amortization expense — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating income — — Other expenses: Interest expense, net — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income before income tax expense — — Income tax expense (benefit) — ) — Equity in earnings of subsidiaries — ) — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income $ $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Comprehensive income (loss) $ $ $ ) $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Condensed Consolidating Statement of Cash Flows Year ended January 2, 2016 (In thousands) Parent Company Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Consolidated Net cash provided by (used in) operating activities $ — $ $ ) $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash flows from investment activities: Capital expenditures — ) ) — ) Payments for acquisition of businesses, net of cash acquired — ) ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net cash used in investing activities — ) ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash flows from financing activities: Repayments of long-term debt ) — — — ) Proceeds from issuance of long-term debt — — — Repayments of borrowings under revolving credit facility ) — — — ) Borrowings under revolving credit facility — — — Proceeds from issuance of common stock, net — — — Dividends paid ) — — — ) Excess tax benefits from share-based compensation — — — Payments of tax withholding on behalf of employees for net share settlement of share-based compensation — ) — — ) Debt financing costs — ) — — ) Intercompany transactions ) — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net cash provided by financing activities — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Effect of exchange rate fluctuations on cash and cash equivalents — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net increase (decrease) in cash and cash equivalents — — Cash and cash equivalents at beginning of year — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents at end of year $ — $ $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Subsequent Event

Subsequent Event	12 Months Ended
	Jan. 02, 2016
Subsequent Event.
Subsequent Event	(18) Subsequent Events On February 22, 2016, our Board of Directors increased our company's quarterly dividend from $0.35 to $0.42 per share of common stock. On an annualized basis, the dividend increased from $1.40 to $1.68 per share. The next quarterly dividend will be payable on May 2, 2016 to shareholders of record as of March 31, 2016.

Schedule II Schedule of Valuati

Schedule II Schedule of Valuation and Qualifying Accounts	12 Months Ended
	Jan. 02, 2016
Schedule II Schedule of Valuation and Qualifying Accounts
Schedule II Schedule of Valuation and Qualifying Accounts	Schedule of Valuation and Qualifying Accounts (In thousands) Column A Column B Column C Column D Column E Additions Description Balance at beginning of period Charged to costs and expenses Charged to other accounts— describe Deductions— describe Balance at end of period Year ended December 28, 2013: Allowance for doubtful accounts and discounts $ $ — $ (a) $ Year ended January 3, 2015: Allowance for doubtful accounts and discounts $ $ — $ (a) $ Year ended January 2, 2016: Allowance for doubtful accounts and discounts $ $ — $ (a) $ (a) Represents bad-debt write-offs.

Summary of Significant Accoun28

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2016	Jan. 02, 2016
Summary of Significant Accounting Policies
Basis of Presentation		(a) Basis of Presentation The consolidated financial statements include the accounts of B&G Foods, Inc. and its subsidiaries. All intercompany balances and transactions have been eliminated. Certain prior year amounts have been reclassified to conform to the current year's presentation.
Use of Estimates		(b) Use of Estimates The preparation of financial statements in accordance with accounting principles generally accepted in the United States requires our management to make a number of estimates and assumptions relating to the reporting of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Some of the more significant estimates and assumptions made by management involve trade and consumer promotion expenses; allowances for excess, obsolete and unsaleable inventories; pension benefits; acquisition accounting fair value allocations; the recoverability of goodwill, other intangible assets, property, plant and equipment and deferred tax assets; the determination of the useful life of customer relationship and amortizable trademark intangibles; and the fair value of contingent consideration. Actual results could differ significantly from these estimates and assumptions. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors that management believes to be reasonable under the circumstances, including the current economic environment. We adjust such estimates and assumptions when facts and circumstances dictate. Volatility in the credit and equity markets can increase the uncertainty inherent in such estimates and assumptions.
Subsequent Events		(c) Subsequent Events We have evaluated subsequent events for disclosure through the date of issuance of the accompanying consolidated financial statements.
Cash and Cash Equivalents		(d) Cash and Cash Equivalents For purposes of the consolidated statements of cash flows, all highly liquid instruments with maturities of three months or less when acquired are considered to be cash and cash equivalents. Prepaid and other current assets (e) Prepaid and Other Current Assets Prepaid and other current assets at January 2, 2016, includes a $52.6 million receivable related to an ongoing transition services agreement with General Mills, Inc., in connection with our Green Giant acquisition. See Note 3, “Acquisitions.”
Prepaid and Other Current Assets	(e) Prepaid and Other Current Assets Prepaid and other current assets at January 2, 2016, includes a $52.6 million receivable related to an ongoing transition services agreement with General Mills, Inc., in connection with our Green Giant acquisition. See Note 3, “Acquisitions.”
Inventories		(f) Inventories Inventories are stated at the lower of cost or market 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 our management's review of inventories on hand compared to estimated future usage and sales.
Property, Plant and Equipment		(g) Property, Plant and Equipment Property, plant and equipment are stated at cost. Depreciation on plant and equipment is calculated using the straight-line method over the estimated useful lives of the assets, 10 to 30 years for buildings and improvements, 5 to 12 years for machinery and equipment, and 2 to 5 years for office furniture and vehicles. Leasehold improvements are amortized on a straight-line basis over the shorter of the lease term or estimated useful life of the asset. Expenditures for maintenance, repairs and minor replacements are charged to current operations. Expenditures for major replacements and betterments are capitalized. We capitalize interest on qualifying assets based on our effective interest rate. During fiscal 2015, 2014 and 2013, we capitalized $0.3 million, $0.3 million and $0.2 million, respectively.
Goodwill and Other Intangible Assets		(h) Goodwill and Other Intangible Assets Goodwill and unamortizable intangible assets (trademarks) are tested for impairment at least annually and whenever events or circumstances occur indicating that goodwill or unamortizable intangibles might be impaired. We perform the annual impairment tests as of the last day of each fiscal year. The annual goodwill impairment test involves a two-step process. The first step of the impairment test involves comparing our company's market capitalization with our company's carrying value, including goodwill. If the carrying value of our company exceeds our market capitalization, we perform the second step of the impairment test to determine the amount of the impairment loss. The second step of the goodwill impairment test involves comparing the implied fair value of goodwill with the carrying value and recognizing a loss for the difference. We test our unamortizable intangibles by comparing the fair value with the carrying value and recognize a loss for the difference. We estimate the fair value of our unamortizable intangibles based on discounted cash flows that reflect certain third party market value indicators. Calculating our fair value for these purposes requires significant estimates and assumptions by management. We completed our annual impairment tests for fiscal 2015, 2014 and 2013 with no adjustments to the carrying values of goodwill and unamortizable intangibles. Each annual test confirmed that the market capitalization and fair values of our goodwill and unamortizable intangibles, respectively, exceeded their current carrying values. Customer relationship intangibles and amortizable trademarks are presented at cost, net of accumulated amortization, and are amortized on a straight-line basis over their estimated useful lives of 10 to 20 years. Seed technology assets are presented at cost, net of accumulated amortization, and are amortized utilizing a declining balance approach over their estimated useful lives of 5 years.
Deferred Debt Financing Costs		(i) Deferred Debt Financing Costs Debt financing costs are capitalized and amortized over the term of the related debt agreements and are classified as other assets. Amortization of deferred debt financing costs for fiscal 2015, 2014 and 2013 was $3.6 million, $3.6 million and $4.0 million, respectively.
Long-Lived Assets		(j) Long-Lived Assets Long-lived assets, such as property, plant and equipment, and intangibles with estimated useful lives are depreciated or amortized over their respective estimated useful lives to their estimated residual values, and reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to estimated undiscounted future net cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated undiscounted future net cash flows, an impairment charge is recognized by the amount by which the carrying amount of the asset exceeds the fair value of the asset. Recoverability of assets held for sale is measured by a comparison of the carrying amount of an asset or asset group to their fair value less estimated costs to sell. Estimating future cash flows and calculating the fair value of assets requires significant estimates and assumptions by management. Assets to be disposed of are separately presented in the consolidated balance sheets and are no longer depreciated.
Accumulated Other Comprehensive Loss		(k) Accumulated Other Comprehensive Loss Accumulated other comprehensive loss includes foreign currency translation adjustments relating to assets and liabilities located in our foreign subsidiaries and changes in our pension benefits due to the initial adoption and ongoing application of the authoritative accounting literature relating to pensions, net of tax.
Revenue Recognition		(l) Revenue Recognition Revenues are recognized when products are shipped. We report all amounts billed to a customer in a sale transaction as revenue, including those amounts related to shipping and handling. Shipping and handling costs are included in cost of goods sold. Consideration from a vendor to a retailer is presumed to be a reduction to the selling prices of the vendor's products and, therefore, is characterized as a reduction of sales when recognized in the vendor's income statement. As a result, coupon incentives, slotting and promotional expenses are recorded as a reduction of sales.
Selling, General and Administrative Expenses		(m) Selling, General and Administrative Expenses We promote our products with advertising, consumer incentives and trade promotions. These programs include, but are not limited to, discounts, slotting fees, coupons, rebates, in-store display incentives and volume-based incentives. Consumer incentive and trade promotion activities are recorded as a reduction to revenues based on amounts estimated as being due to customers and consumers at the end of a period. We base these estimates principally on historical utilization and redemption rates. We expense our advertising costs either in the period the advertising first takes place or as incurred. Advertising expenses were approximately $5.7 million, $5.1 million and $4.3 million, for the fiscal 2015, 2014 and 2013, respectively.
Pension Plans		(n) Pension Plans We have defined benefit pension plans covering approximately one quarter of our employees. Our funding policy is to contribute annually the amount recommended by our actuaries. From time to time, however, we voluntarily contribute greater amounts based on pension asset performance, tax considerations and other relevant factors.
Share Based Compensation Expense		(o) Share Based Compensation Expense We provide compensation benefits in the form of stock options, performance share long-term incentive awards (LTIAs) and common stock to employees and non-employee directors. The cost of share based compensation is recorded at fair value at the date of grant and expensed in our consolidated statement of income over the requisite service period, if any. Performance share LTIAs granted to our executive officers and certain other members of senior management entitle each participant to earn shares of common stock upon the attainment of certain performance goals over the applicable performance period. The recognition of compensation expense for the performance share LTIAs is initially based on the probable outcome of the performance condition based on the fair value of the award on the date of grant and the anticipated number of shares to be awarded on a straight-line basis over the applicable performance period. The fair value of the awards on the date of grant is determined based upon the closing price of our common stock on the applicable measurement dates (i.e., the deemed grant dates for accounting purposes) reduced by the present value of expected dividends using the risk-free interest-rate as the award holders are not entitled to dividends or dividend equivalents during the vesting period. Our company's performance against the defined performance goals are re-evaluated on a quarterly basis throughout the applicable performance period and the recognition of compensation expense is adjusted for subsequent changes in the estimated or actual outcome. The cumulative effect of a change in the estimated number of shares of common stock to be issued in respect of performance share awards is recognized as an adjustment to earnings in the period of the revision. The fair value of stock option awards is estimated on the date of grant using the Black-Scholes option pricing model and is recognized in expense over the vesting period of the options using the straight-line method. The Black-Scholes option pricing model requires various assumptions, including the expected volatility of our stock, the expected term of the option, the risk-free interest rate and the expected dividend yield. Expected volatility is based on both historical and implied volatilities of our common stock over the estimated expected term of the award. The risk-free rate for the expected term of the option is based on the U.S. Treasury yield curve in effect at the time of grant. All stock option grants have an exercise price equal to the fair market value of our common stock on the date of grant, have a 10-year term and cliff vest three years from the date of grant. We recognize compensation expense for only that portion of share based awards that are expected to vest. We utilize historical employee termination behavior to determine our estimated forfeiture rates. If the actual forfeitures differ from those estimated by management, adjustments to compensation expense will be made in future periods.
Income Tax Expense Estimates and Policies		(p) Income Tax Expense Estimates and Policies Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities of our company are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. A valuation allowance is provided when it is more likely than not that all or some portion of the deferred tax asset will not be realized. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in operations in the period that includes the enactment date. As part of the income tax provision process of preparing our consolidated financial statements, we are required to estimate our income taxes. This process involves estimating our current tax expenses together with assessing temporary differences resulting from differing treatment of items for tax and accounting purposes. These differences result in deferred tax assets and liabilities. We then assess the likelihood that our deferred tax assets will be recovered from future taxable income and to the extent we believe the recovery is not likely, we establish a valuation allowance. Further, to the extent that we establish a valuation allowance or increase this allowance in a financial accounting period, we include such charge in our tax provision, or reduce our tax benefits in our consolidated statements of operations. We use our judgment to determine our provision or benefit for income taxes, deferred tax assets and liabilities and any valuation allowance recorded against our deferred tax assets. There are various factors that may cause these tax assumptions to change in the near term, and we may have to record a valuation allowance against our deferred tax assets. We cannot predict whether future U.S. federal and state income tax laws and regulations might be passed that could have a material effect on our results of operations. We assess the impact of significant changes to the U.S. federal and state income tax laws and regulations on a regular basis and update the assumptions and estimates used to prepare our consolidated financial statements when new regulations and legislation are enacted. We recognize the benefit of an uncertain tax position that we have taken or expect to take on our income tax returns we file if it is "more likely than not" that such tax position will be sustained based on its technical merits.
Dividends		(q) Dividends Cash dividends, if any, are accrued as a liability on our consolidated balance sheets and recorded as a decrease to additional paid-in capital when declared.
Earnings Per Share		(r) Earnings Per Share Basic earnings per share is calculated by dividing net income by the weighted average number of shares of common stock outstanding. Diluted earnings per share is calculated by dividing net income by the weighted average number of shares of common stock outstanding plus all additional shares of common stock that would have been outstanding if potentially dilutive shares of common stock had been issued upon the exercise of stock options or in connection with performance share LTIAs that may be earned as of the beginning of the period using the treasury stock method. Fiscal 2015 Fiscal 2014 Fiscal 2013 (In thousands, except share and per share data) Net income $ $ $ Weighted average common shares outstanding: Basic Net effect of dilutive share-based compensation awards (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings per share: Basic $ $ $ Diluted $ $ $ (1) For fiscal 2014, 418,158 outstanding stock options were excluded from diluted earnings per share as their effect was antidilutive.
Recently Issued Accounting Standards		(s) Recently Issued Accounting Standards In November 2015, the Financial Accounting Standards Board (FASB) issued a new accounting standards update (ASU) that requires deferred tax assets and liabilities to be classified as noncurrent in the statement of financial position. The update is effective for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. The update impacts balance sheet presentation and disclosure only, and therefore, the adoption of this ASU will not have an impact on our consolidated results of operations or liquidity. In September 2015, the FASB issued a new ASU that requires an acquirer to recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The update is effective for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. We are currently evaluating the impact of this new standard. In April 2015, the FASB issued a new ASU that requires debt issuance costs related to a recognized debt liability to be presented on the balance sheet as a direct deduction from the debt liability, similar to the presentation of debt discounts. The update is effective for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. The update impacts presentation and disclosure only, and therefore, the adoption of this ASU will not have an impact on our consolidated financial position, results of operations or liquidity.

Summary of Significant Accoun29

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Jan. 02, 2016
Summary of Significant Accounting Policies
Schedule of calculations related to basic and diluted earning per share	Fiscal 2015 Fiscal 2014 Fiscal 2013 (In thousands, except share and per share data) Net income $ $ $ Weighted average common shares outstanding: Basic Net effect of dilutive share-based compensation awards (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings per share: Basic $ $ $ Diluted $ $ $ (1) For fiscal 2014, 418,158 outstanding stock options were excluded from diluted earnings per share as their effect was antidilutive.

Acquisitions (Tables)

Acquisitions (Tables)	12 Months Ended
	Jan. 02, 2016
Business Acquisition
Schedule of unaudited pro forma summary of operations	Fiscal 2015 Fiscal 2014 Fiscal 2013 (dollars in thousands) Net sales $ $ $ Net income $ ) $ $ Basic earnings per share $ ) $ $ Diluted earnings per share $ ) $ $
Green Giant
Business Acquisition
Schedule of preliminary allocation of purchase price to the estimated fair value of the net assets acquired	Green Giant Acquisition (dollars in thousands): Purchase Price: Cash paid $ ​ ​ ​ ​ ​ Total $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Preliminary Allocation: Trademarks—unamortizable intangible assets Inventory Goodwill Customer relationship intangibles—amortizable intangible assets Property, Plant and Equipment Seed technology intangibles—amortizable intangible assets Other working capital ) ​ ​ ​ ​ ​ Total $ ​ ​ ​ ​ ​
Mama Mary's
Business Acquisition
Schedule of preliminary allocation of purchase price to the estimated fair value of the net assets acquired	Mama Mary's Acquisition (dollars in thousands): Purchase Price: Cash paid $ ​ ​ ​ ​ ​ Total $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Preliminary Allocation: Trademarks—unamortizable intangible assets Goodwill Customer relationship intangibles—amortizable intangible assets Property, Plant and Equipment Short-term deferred income tax assets Other working capital ) Long-term deferred income tax liabilities, net ) ​ ​ ​ ​ ​ Total $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Specialty Brands acquisition
Business Acquisition
Schedule of preliminary allocation of purchase price to the estimated fair value of the net assets acquired	Specialty Brands Acquisition (dollars in thousands): Purchase Price: Cash paid $ ​ ​ ​ ​ ​ Total $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allocation: Income tax receivable $ Short-term deferred income tax assets Trademarks—unamortizable intangible assets Goodwill Customer relationship intangibles—amortizable intangible assets Other working capital ) Long-term deferred income tax liabilities, net ) ​ ​ ​ ​ ​ Total $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Rickland Orchards acquisition
Business Acquisition
Schedule of preliminary allocation of purchase price to the estimated fair value of the net assets acquired	Rickland Orchards Acquisition (dollars in thousands): Purchase Price: Cash paid $ Equity issued Fair value of contingent consideration ​ ​ ​ ​ ​ Total $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allocation: Trademarks—amortizable intangible assets $ Goodwill Customer relationship intangibles—amortizable intangible assets Other working capital ) ​ ​ ​ ​ ​ Total $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Pirate Brands
Business Acquisition
Schedule of preliminary allocation of purchase price to the estimated fair value of the net assets acquired	Pirate Brands Acquisition (dollars in thousands): Purchase Price: Cash paid $ ​ ​ ​ ​ ​ Total $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allocation: Trademarks—unamortizable intangible assets $ Goodwill Customer relationship intangibles—amortizable intangible assets Other working capital ​ ​ ​ ​ ​ Total $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Jan. 02, 2016
Inventories
Summary of Inventories	Inventories consist of the following as of the dates indicated (in thousands): January 2, 2016 January 3, 2015 Raw materials and packaging $ $ Work-in-process Finished goods ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Property, Plant and Equipment32

Property, Plant and Equipment, net (Tables)	12 Months Ended
	Jan. 02, 2016
Property, Plant and Equipment, net.
Schedule of Property, plant and equipment, net	Property, plant and equipment, net, consists of the following as of the dates indicated (in thousands): January 2, 2016 January 3, 2015 Land $ $ Buildings and improvements Machinery and equipment Office furniture and vehicles Construction-in-progress ​ ​ ​ ​ ​ ​ ​ ​ Less: accumulated depreciation ) ) ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Goodwill and Other Intangible33

Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Jan. 02, 2016
Goodwill and Other Intangible Assets
Schedule of goodwill and other intangible assets	The carrying amounts of goodwill and other intangible assets, as of the dates indicated, consist of the following (in thousands): As of January 2, 2016 As of January 3, 2015 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Amortizable Intangible Assets Trademarks $ $ $ $ $ $ Customer relationships Seed technology — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unamortizable Intangible Assets Goodwill $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Trademarks $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Long-Term Debt (Tables)

Long-Term Debt (Tables)	12 Months Ended
	Jan. 02, 2016
Long-Term Debt
Schedule of Long-term debt	Long-term debt consists of the following, as of the dates indicated (in thousands): January 2, 2016 January 3, 2015 Current and former senior secured credit agreement: Revolving credit facility $ $ Tranche A term loans due 2019, net of unamortized discount of $465 and $643 at January 2, 2016 and January 3, 2015 Tranche B term loans due 2022, net of unamortized discount of $3,669 at January 2, 2016 — 4.625% senior notes due 2021 ​ ​ ​ ​ ​ ​ ​ ​ Total long-term debt, net of unamortized discount Current portion of long-term debt ) ) ​ ​ ​ ​ ​ ​ ​ ​ Long-term debt, net of unamortized discount and excluding current portion $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of aggregate contractual maturities of long-term debt	As of January 2, 2016, the aggregate contractual maturities of long-term debt are as follows (in thousands): Fiscal Year: 2016 $ 2017 2018 2019 2020 Thereafter ​ ​ ​ ​ ​ Total $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Jan. 02, 2016
Fair Value Measurements
Summary of carrying values and fair values of our revolving credit loans, term loans and senior notes	The carrying values and fair values of our revolving credit loans, term loans and senior notes as of January 2, 2016 and January 3, 2015 are as follows (in thousands): January 2, 2016 January 3, 2015 Carrying Value Fair Value Carrying Value Fair Value Revolving Credit Loans $ $ (1) $ $ (1) Tranche A Term Loans due 2019 $ (2) $ (1) $ (2) $ (1) Tranche B Term Loans due 2022 $ (3) $ (1) $ — $ — 4.625% Senior Notes due 2021 $ $ (4) $ $ (4) (1) Fair values are estimated based on Level 2 inputs, which were quoted prices for identical or similar instruments in markets that are not active. (2) The carrying values of the tranche A term loans are net of discount. At January 2, 2016 and January 3, 2015, the face amounts of the tranche A term loans were $273.8 million and $292.5 million, respectively. (3) The carrying values of the tranche B term loans are net of discount. At January 2, 2016, the face amount of the tranche B term loans was $750.0 million. (4) Fair values are estimated based on quoted market prices.
Summary of changes in contingent consideration measured at level 3	The following table summarized the Level 3 activity (in thousands): January 2, 2016 January 3, 2015 Balance at beginning of year $ — $ Contingent consideration accretion expense — Gain on change in fair value of contingent consideration — ) ​ ​ ​ ​ ​ ​ ​ ​ Balance at end of year $ — $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Accumulated Other Comprehensi36

Accumulated Other Comprehensive Loss (Tables)	12 Months Ended
	Jan. 02, 2016
Accumulated Other Comprehensive Loss.
Schedule of reclassification from accumulated other comprehensive loss	The reclassification from accumulated other comprehensive loss for fiscal 2015 and 2014 are as follows (in thousands): Amount Reclassified From AOCL Details about AOCL Components January 2, 2016 January 3, 2015 Affected Line Item in the Statement Where Net Income (loss) is Presented Defined benefit pension plan items Amortization of prior service cost $ $ See (1) below Amortization of unrecognized loss — See (1) below ​ ​ ​ ​ ​ ​ ​ ​ ​ Total before tax ) ) Income tax expense ​ ​ ​ ​ ​ ​ ​ ​ ​ Total reclassification $ $ Net of tax ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) These items are included in the computation of net periodic pension cost. See Note 12, "Pension Benefits," for additional information.
Schedule of changes in accumulated other comprehensive loss	Changes in accumulated other comprehensive loss for fiscal 2015 and 2014 are as follows (in thousands): Defined Benefit Pension Plan Items Foreign Currency Translation Adjustments Total Balance at December 28, 2013 $ ) $ ) $ ) Other comprehensive loss before reclassifications ) ) ) Amounts reclassified from AOCL — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net current period other comprehensive loss ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at January 3, 2015 ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive loss before reclassifications ) ) Amounts reclassified from AOCL ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net current period other comprehensive income (loss) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at January 2, 2016 $ ) $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Jan. 02, 2016
Income Taxes
Schedule of components of income before income tax expense	The components of income before income tax expense consist of the following (in thousands): Fiscal 2015 Fiscal 2014 Fiscal 2013 U.S. $ $ $ Foreign ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Summary of income tax expense (benefit)	Income tax expense (benefit) consists of the following (in thousands): Fiscal 2015 Fiscal 2014 Fiscal 2013 Current: Federal $ $ $ State Foreign ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Subtotal Deferred: Federal State Foreign ) — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Subtotal ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Reconciliation of provision for income taxes at the statutory rate and the effective tax rate	Fiscal 2015 Fiscal 2014 Fiscal 2013 Expected tax expense % % % Increase (decrease): State income taxes, net of federal income tax benefit % % % Impact on deferred taxes from changes in state tax rates % — )% Foreign income taxes — — — Permanent differences )% — — Foreign tax credit )% — — Other % )% )% ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total % % % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Tax effects of temporary differences that give rise to significant portions of deferred tax assets and deferred tax liabilities	The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are presented below (in thousands): January 2, 2016 January 3, 2015 Deferred tax assets: Accounts receivable, principally due to allowance $ $ Inventories, principally due to additional costs capitalized for tax purposes Accruals and other liabilities Net operating loss and tax credit carry forwards Other liabilities — — ​ ​ ​ ​ ​ ​ ​ ​ Total gross deferred tax assets Deferred tax liabilities: Plant and equipment ) ) Goodwill and other intangible assets ) ) Prepaid expenses ) ) ​ ​ ​ ​ ​ ​ ​ ​ Total gross deferred tax liabilities ) ) ​ ​ ​ ​ ​ ​ ​ ​ Net deferred tax liability $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Summary of the tax years that remain subject to examination	United States—Federal 2012 and forward United States—States 2011 and forward Canada 2011 and forward Mexico 2015

Pension Benefits (Tables)

Pension Benefits (Tables)	12 Months Ended
	Jan. 02, 2016
Pension Benefits
Schedule of defined benefit pension plans' benefit obligation, fair value of plans assets and funded status recognized in the consolidated balance sheets	January 2, 2016 January 3, 2015 (in thousands) Change in projected benefit obligation: Projected benefit obligation at beginning of year $ $ Actuarial (gain) loss ) Service cost Interest cost Benefits paid ) ) Curtailments ) — ​ ​ ​ ​ ​ ​ ​ ​ Projected benefit obligation at end of year ​ ​ ​ ​ ​ ​ ​ ​ Change in plan assets: Fair value of plan assets at beginning of year Actual gain on plan assets Employer contributions Benefits paid ) ) ​ ​ ​ ​ ​ ​ ​ ​ Fair value of plan assets at end of year ​ ​ ​ ​ ​ ​ ​ ​ Net amount recognized: Other assets $ $ Other long-term liabilities ) ) ​ ​ ​ ​ ​ ​ ​ ​ Funded status at the end of the year $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount recognized in accumulated other comprehensive loss consists of: Prior service cost $ ) $ ) Actuarial loss ) ) Deferred taxes ​ ​ ​ ​ ​ ​ ​ ​ Accumulated other comprehensive loss $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of changes in accumulated postemployment benefit obligations	January 2, 2016 January 3, 2015 Accumulated benefit obligation $ $ Fair value of plan assets $ $
Schedule of amounts in accumulated other comprehensive loss that are expected to be recognized as components of net periodic benefit cost in next fiscal year	The amounts in accumulated other comprehensive loss that are expected to be recognized as components of net periodic benefit cost in fiscal 2016 are as follows (in thousands): Prior service cost $ Actuarial loss ​ ​ ​ ​ ​ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of weighted-average assumptions	January 2, 2016 January 3, 2015 Weighted-average assumptions: Discount rate % % Rate of compensation increase % % Expected long-term rate of return % %
Schedule of components of net periodic pension costs	Net periodic cost includes the following components (in thousands): Fiscal 2015 Fiscal 2014 Fiscal 2013 Service cost—benefits earned during the period $ $ $ Interest cost on projected benefit obligation Expected return on plan assets ) ) ) Amortization of unrecognized prior service cost Amortization of loss — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net pension cost $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of target asset allocation and plan assets at year end	Percentage of Plan Assets at Year End Asset Category Target Allocation January 2, 2016 January 3, 2015 Equity securities % % % Fixed income securities % % % Other — % % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total % % % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of fair values of pension plan assets utilizing the fair value hierarchy	The fair values of our pension plan assets at January 2, 2016 and January 3, 2015, utilizing the fair value hierarchy discussed in Note 8, "Fair Value Measurements" follow (in thousands): January 2, 2016 January 3, 2015 Level 1 Levels 2 & 3 Level 1 Levels 2 & 3 Asset Category Cash $ $ — $ $ — Equity securities: U.S. mutual funds — — Foreign mutual funds — — U.S. common stocks — — Foreign common stocks — — Fixed income securities: U.S. mutual funds — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ — $ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of expected cash flows for the pension plan	Information about the expected cash flows for the pension plan follows (in thousands): Pension Payments Benefit payments: 2016 $ 2017 2018 2019 2020 2021 to 2025

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Jan. 02, 2016
Commitments and Contingencies
Summary of future minimum lease payments under non-cancelable operating leases	As of January 2, 2016, future minimum lease payments under non-cancelable operating leases (with initial or remaining lease terms in excess of one year) for the periods set forth below are as follows (in thousands): Fiscal year ending: Third Parties 2016 $ 2017 2018 2019 2020 Thereafter ​ ​ ​ ​ ​ Total $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Incentive Plans (Tables)

Incentive Plans (Tables)	12 Months Ended
	Jan. 02, 2016
Incentive Plans
Schedule of non-vested performance share LTIAs	Number of Performance Shares Weighted Average Grant Date Fair Value (per share) (2) Beginning of fiscal 2015 (1) $ Granted (1) $ Vested ) $ Forfeited ) $ ​ ​ ​ ​ ​ ​ ​ ​ End of fiscal 2015 $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Solely for purposes of this table, the number of performance shares is based on the participants earning the maximum number of performance shares (i.e., 200% of the target number of performance shares). (2) The fair value of the awards was determined based upon the closing price of our common stock on the applicable measurement dates (i.e., the deemed grant dates for accounting purposes) reduced by the present value of expected dividends using the risk-free interest-rate as the award holders are not entitled to dividends or dividend equivalents during the vesting period.
Schedule of stock option activity	Options Weighted Average Exercise Price Weighted Average Contractual Life Remaining (Years) Aggregate Intrinsic Value Outstanding at beginning of fiscal 2015 $ Granted $ Exercised — — Forfeited ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Outstanding at end of fiscal 2015 $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exercisable at end of fiscal 2015 — — — —
Schedule of stock options, valuation assumption	Fiscal 2015 Fiscal 2014 Weighted average grant date fair value $6.00 $6.74 Expected volatility 36.0% 34.8% Expected term 6.5 years 6.5 years Risk-free interest rate 1.6% - 1.9% 1.9% Dividend yield 4.7% - 4.9% 4.4%
Schedule of number of shares of common stock issued by our entity upon the vesting of performance share long-term incentive awards and for non-employee director annual equity grants and other share based compensation	January 2, 2016 January 3, 2015 December 28, 2013 Number of performance shares vested Shares withheld to fund statutory minimum tax withholding ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Shares of common stock issued for performance share long-term incentive awards Shares of common stock issued to non-employee directors for annual equity grants Shares of common stock issued for other share based compensation, net of shares withheld to fund statutory minimum tax withholding — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total shares of common stock issued ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Excess tax benefit recorded to additional paid in capital $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of compensation expense recognized for share-based payments	The following table sets forth the compensation expense recognized for share-based payments (performance share LTIAs, stock options, non-employee director stock grants and other share based payments) during the last three fiscal years and where that expense is reflected in our consolidated statements of operations (in thousands): Consolidated Statements of Operations Location Fiscal 2015 Fiscal 2014 Fiscal 2013 Compensation expense included in cost of goods sold $ $ $ Compensation expense included in selling, general and administrative expenses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total compensation expense for share-based payments $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net Sales by Brand (Tables)

Net Sales by Brand (Tables)	12 Months Ended
	Jan. 02, 2016
Net Sales by Brand
Schedule of net sales by brand	The following table sets forth net sales by brand (in thousands): Fiscal 2015 Fiscal 2014 (6) Fiscal 2013 Brand (1) : Ortega $ $ $ Green Giant (2) — — Pirate Brands (3) Maple Grove Farms of Vermont Mrs. Dash Cream of Wheat Bear Creek Country Kitchens (4) — Las Palmas Polaner Bloch & Guggenheimer New York Style Spring Tree (4) — All other brands (5) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Table includes net sales for each of our brands whose net sales equals or exceeds 2% of our total fiscal 2015 net sales and for all other brands in the aggregate. Net sales for each brand also includes branded net sales and, if applicable, any private label and food service net sales attributable to the brand. (2) We completed the acquisition of Green Giant on November 2, 2015. Includes net sales for the Green Giant and Le Sueur brands. (3) We completed the acquisition of Pirate Brands on July 8, 2013. (4) We completed the acquisition of Specialty Brands on April 23, 2014, including the Bear Creek Country Kitchens and Spring Tree brands. (5) Net sales for "all other brands" has been impacted by the acquisition of the Cary's, MacDonald's, New York Flatbreads and Canoleo brands acquired as part of the Specialty Brands acquisition, which was completed on April 23, 2014. (6) Fiscal 2015 and fiscal 2013 contained 52 weeks and fiscal 2014 contained 53 weeks.

Quarterly Financial Data (una42

Quarterly Financial Data (unaudited) (Tables)	12 Months Ended
	Jan. 02, 2016
Quarterly Financial Data (unaudited)
Schedule of quarterly financial data (unaudited)	First Quarter Second Quarter Third Quarter Fourth Quarter (in thousands, expect per share data) Net sales 2015 $ $ $ $ 2014 $ $ $ $ Gross profit 2015 $ $ $ $ 2014 $ $ $ $ Net income (loss) 2015 $ $ $ $ 2014 $ $ $ ) $ Basic and diluted earnings (loss) per share 2015 $ $ $ $ 2014 $ $ $ ) $ Cash dividends declared per share 2015 $ $ $ $ 2014 $ $ $ $

Guarantor and Non-Guarantor F43

Guarantor and Non-Guarantor Financial Information (Tables)	12 Months Ended
	Jan. 02, 2016
Guarantor and Non-Guarantor Financial Information
Condensed Consolidating Balance Sheet	Condensed Consolidating Balance Sheet As of January 2, 2016 (In thousands) Parent Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Consolidated Assets Current Assets: Cash and cash equivalents $ — $ $ $ — $ Trade accounts receivable, net — — Inventories, net — — Prepaid expenses and other current assets — — Income tax receivable — ) Deferred income taxes — ) Intercompany receivables — — ) — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total current assets ) Property, plant and equipment, net — — Goodwill — — — Other intangibles, net — — — Other assets — — — Investments in subsidiaries — ) — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets $ $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities and Stockholders' Equity Current Liabilities: Trade accounts payable $ — $ $ $ — $ Current portion of long-term debt — — — Accrued expenses — ) Dividends payable — — — Intercompany payables — — ) — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total current liabilities ) Long-term debt, excluding current installments — — — Other liabilities — — — Deferred income taxes — — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total liabilities ) Common stock — — — Additional paid-in capital ) Accumulated other comprehensive loss ) ) ) ) Retained earnings ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total stockholders' equity ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total liabilities and stockholders' equity $ $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Condensed Consolidating Statement of Operations and Comprehensive Income (Loss)	Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) Year ended January 2, 2016 (In thousands) Parent Company Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ $ $ ) $ Cost of goods sold — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross profit — — Operating expenses: Sales, general and administrative expenses — — Amortization expense — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating income — — Other expenses: Interest expense, net — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income before income tax expense — — Income tax expense (benefit) — ) — Equity in earnings of subsidiaries — ) — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income $ $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Comprehensive income (loss) $ $ $ ) $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Condensed Consolidating Statement of Cash Flows	Condensed Consolidating Statement of Cash Flows Year ended January 2, 2016 (In thousands) Parent Company Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Consolidated Net cash provided by (used in) operating activities $ — $ $ ) $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash flows from investment activities: Capital expenditures — ) ) — ) Payments for acquisition of businesses, net of cash acquired — ) ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net cash used in investing activities — ) ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash flows from financing activities: Repayments of long-term debt ) — — — ) Proceeds from issuance of long-term debt — — — Repayments of borrowings under revolving credit facility ) — — — ) Borrowings under revolving credit facility — — — Proceeds from issuance of common stock, net — — — Dividends paid ) — — — ) Excess tax benefits from share-based compensation — — — Payments of tax withholding on behalf of employees for net share settlement of share-based compensation — ) — — ) Debt financing costs — ) — — ) Intercompany transactions ) — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net cash provided by financing activities — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Effect of exchange rate fluctuations on cash and cash equivalents — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net increase (decrease) in cash and cash equivalents — — Cash and cash equivalents at beginning of year — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents at end of year $ — $ $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Nature of Operations (Details)

Nature of Operations (Details) - item	12 Months Ended
	Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013
Fiscal Year
Number of weeks in fiscal year	364 days	371 days	364 days
Number of top customers	10
Minimum
Fiscal Year
Number of weeks in fiscal year	364 days
Maximum
Fiscal Year
Number of weeks in fiscal year	371 days
Net sales | Consolidated net sales
Fiscal Year
Maximum percentage of net sales to foreign countries	5.20%	3.60%	3.20%
Net sales | Consolidated net sales | Wal-Mart
Fiscal Year
Percentage of concentration risk	20.40%	19.10%	18.50%
Net sales | Consolidated net sales | Top ten customers
Fiscal Year
Percentage of concentration risk	52.30%	52.40%	48.40%
Accounts receivable | Trade accounts receivables | Wal-Mart
Fiscal Year
Percentage of concentration risk	19.30%	16.70%	12.90%
Accounts receivable | Trade accounts receivables | Top ten customers
Fiscal Year
Percentage of concentration risk	53.50%	51.70%	46.10%

Summary of Significant Accoun45

Summary of Significant Accounting Policies (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013	Dec. 31, 2016
Information related to useful life of property, plant and equipment
Interest on qualifying assets capitalized	$ 300	$ 300	$ 200
Prepaid expenses and other current assets	$ 67,517	$ 14,830
Building and improvements | Minimum
Information related to useful life of property, plant and equipment
Estimated useful life	10 years
Building and improvements | Maximum
Information related to useful life of property, plant and equipment
Estimated useful life	30 years
Machinery and equipment | Minimum
Information related to useful life of property, plant and equipment
Estimated useful life	5 years
Machinery and equipment | Maximum
Information related to useful life of property, plant and equipment
Estimated useful life	12 years
Office furniture and vehicles | Minimum
Information related to useful life of property, plant and equipment
Estimated useful life	2 years
Office furniture and vehicles | Maximum
Information related to useful life of property, plant and equipment
Estimated useful life	5 years
Green Giant
Information related to useful life of property, plant and equipment
Prepaid expenses and other current assets				$ 52,600

Summary of Significant Accoun46

Summary of Significant Accounting Policies (Details 2) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Jan. 02, 2016	Oct. 03, 2015	Jul. 04, 2015	Apr. 04, 2015	Jan. 03, 2015	Sep. 27, 2014	Jun. 28, 2014	Mar. 29, 2014	Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013
Information related to useful life of finite-lived intangible assets
Amortization expense									$ 11,255	$ 12,692	$ 9,884
Information related to deferred debt financing costs
Amortization of Deferred Debt Financing Costs									3,600	3,600	4,000
Information related to advertising costs
Advertising costs									5,700	5,100	4,300
Information related to earning per share
Net income	$ 10,960	$ 19,815	$ 18,748	$ 19,567	$ 11,454	$ (4,413)	$ 16,138	$ 17,777	$ 69,090	$ 40,956	$ 52,343
Weighted average common shares outstanding:
Basic									56,584,946	53,658,100	52,998,263
Net effect of potentially dilutive share-based compensation awards (in shares)									70,927	89,111	184,043
Diluted (in shares)									56,655,873	53,747,211	53,182,306
Basic ( in dollars per share)									$ 1.22	$ 0.76	$ 0.99
Diluted ( in dollars per share)									$ 1.22	$ 0.76	$ 0.98
Term (in years)									10 years
Vesting period(in years)									3 years
Customer relationship | Minimum
Information related to useful life of finite-lived intangible assets
Estimated useful life									10 years
Customer relationship | Maximum
Information related to useful life of finite-lived intangible assets
Estimated useful life									20 years
Seed technology
Information related to useful life of finite-lived intangible assets
Estimated useful life									5 years

Acquisitions (Details)

Acquisitions (Details) - USD ($) $ / shares in Units, $ in Thousands

Nov. 02, 2015

Jul. 10, 2015

Apr. 23, 2014

Oct. 07, 2013

Jul. 08, 2013

Oct. 31, 2013

Jan. 02, 2016

Oct. 03, 2015

Jul. 04, 2015

Apr. 04, 2015

Jan. 03, 2015

Sep. 27, 2014

Jun. 28, 2014

Mar. 29, 2014

Jul. 04, 2015

Jan. 02, 2016

Jan. 03, 2015

Dec. 28, 2013

Oct. 04, 2013

Purchase Price:

Equity issued

$ 20,100

Allocation:

Goodwill

$ 473,145

$ 370,424

$ 473,145

$ 370,424

Unaudited Pro Forma Summary of Operations

Net sales

1,419,067

1,455,076

$ 721,379

Net income

$ (71,852)

$ 60,928

$ 50,149

Basic earnings per share

$ (1.27)

$ 1.14

$ 1.01

Diluted earnings per share

$ (1.27)

$ 1.13

$ 1

Net sales

342,291

$ 213,300

$ 193,645

$ 217,122

$ 237,990

$ 208,998

$ 202,889

$ 198,140

$ 966,358

$ 848,017

$ 724,973

Customer relationship | Minimum

Business Acquisition

Estimated useful life

10 years

Customer relationship | Maximum

Business Acquisition

Estimated useful life

20 years

Seed technology

Business Acquisition

Estimated useful life

5 years

Specialty Brands acquisition

Purchase Price:

Cash paid

$ 154,277

Allocation:

Income tax receivable

4,012

Trademarks - unamortizable intangible assets

137,300

Goodwill

49,017

Short-term deferred income tax assets

1,786

Other working capital

(2,233)

Long-term deferred income tax liabilities, net

(48,905)

Total

154,277

Unaudited Pro Forma Summary of Operations

Net sales

65,500

Specialty Brands acquisition | Accounts receivable and inventory

Allocation:

Goodwill and other working capital purchase accounting adjustment

$ 200

Specialty Brands acquisition | Customer relationship

Allocation:

Amortizable intangible assets

$ 13,300

Mama Mary's

Purchase Price:

Cash paid

$ 51,025

Allocation:

Trademarks - unamortizable intangible assets

38,900

Goodwill

18,335

Amortizable intangible assets

4,800

Property, Plant and Equipment

1,900

Short-term deferred income tax assets

2,961

Other working capital

(619)

Long-term deferred income tax liabilities, net

(15,252)

Total

$ 51,025

Green Giant

Business Acquisition

Inventory adjustment

$ 57,800

Purchase Price:

Cash paid

822,786

Allocation:

Trademarks - unamortizable intangible assets

422,000

Inventory

239,693

Goodwill

84,221

Property, Plant and Equipment

44,244

Other working capital

(7,372)

Total

822,786

Unaudited Pro Forma Summary of Operations

Net sales

$ 106,200

Green Giant | Customer relationship

Allocation:

Amortizable intangible assets

38,000

Green Giant | Seed technology

Allocation:

Amortizable intangible assets

$ 2,000

Pirate Brands

Purchase Price:

Cash paid

$ 195,417

Allocation:

Trademarks - unamortizable intangible assets

152,800

Goodwill

29,953

Other working capital

1,264

Total

195,417

Unaudited Pro Forma Summary of Operations

Net sales

32,600

Pirate Brands | Accounts receivable and inventory

Allocation:

Goodwill and other working capital purchase accounting adjustment

200

Pirate Brands | Customer relationship

Allocation:

Amortizable intangible assets

$ 11,400

Rickland Orchards acquisition

Purchase Price:

Cash paid

$ 37,376

Maximum consideration payable upon achievement of specified operating results

15,000

$ 15,000

Equity issued

20,124

Fair value of contingent consideration

7,566

$ 0

$ 0

Allocation:

Goodwill

23,353

Other working capital

(2,287)

Total

65,066

Unaudited Pro Forma Summary of Operations

Net sales

12,900

Rickland Orchards acquisition | Accounts receivable and inventory

Allocation:

Goodwill and other working capital purchase accounting adjustment

$ 2,100

Rickland Orchards acquisition | Natural Instincts LLC

Purchase Price:

Cash paid

57,500

Share Price

$ 35.15

Rickland Orchards acquisition | Customer relationship

Allocation:

Amortizable intangible assets

9,000

Rickland Orchards acquisition | Trademarks

Allocation:

Amortizable intangible assets

$ 35,000

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Jan. 02, 2016	Jan. 03, 2015
Inventories
Raw materials and packaging	$ 26,185	$ 23,795
Work-in-process	123,817	271
Finished goods	162,878	82,491
Total	$ 312,880	$ 106,557

Property, Plant and Equipment49

Property, Plant and Equipment, net (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013
Information related to useful life of property, plant and equipment
Property, Plant and Equipment, Gross	$ 309,979	$ 245,450
Less: accumulated depreciation	(146,337)	(129,253)
Total	163,642	116,197
Depreciation expense	17,400	14,700	$ 14,200
Land
Information related to useful life of property, plant and equipment
Property, Plant and Equipment, Gross	7,450	3,508
Building and improvements
Information related to useful life of property, plant and equipment
Property, Plant and Equipment, Gross	69,924	55,524
Machinery and equipment
Information related to useful life of property, plant and equipment
Property, Plant and Equipment, Gross	207,373	165,751
Office furniture and vehicles
Information related to useful life of property, plant and equipment
Property, Plant and Equipment, Gross	18,973	15,572
Construction-in-progress
Information related to useful life of property, plant and equipment
Property, Plant and Equipment, Gross	$ 6,259	$ 5,095

Goodwill and Other Intangible50

Goodwill and Other Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013	Oct. 07, 2013
Goodwill and Other Intangible Assets
Amortization expense	$ 11,255	$ 12,692	$ 9,884
Amortizable Intangible Assets
Gross Carrying Amount	249,769	204,969
Accumulated Amortization	70,530	59,275
Net Carrying Amount	179,239	145,694
Unamortizable Intangible Assets
Goodwill	473,145	370,424
Acquisitions.
Non-cash gain on change in fair value of contingent consideration		8,206
Impairment of intangible assets		34,154
Rickland Orchards acquisition
Unamortizable Intangible Assets
Goodwill				$ 23,353
Acquisitions.
Non-cash gain on change in fair value of contingent consideration		8,200
Trademarks
Unamortizable Intangible Assets
Unamortizable intangible assets excluding goodwill	1,263,101	802,201
Trademarks
Amortizable Intangible Assets
Gross Carrying Amount	12,056	12,056
Accumulated Amortization	1,806	875
Net Carrying Amount	10,250	11,181
Future amortization expense
2,016	13,600
2,017	13,400
2,018	13,100
2,019	13,000
2,020	12,900
Customer relationship
Amortizable Intangible Assets
Gross Carrying Amount	235,713	192,913
Accumulated Amortization	68,591	58,400
Net Carrying Amount	167,122	$ 134,513
Seed technology
Amortizable Intangible Assets
Gross Carrying Amount	2,000
Accumulated Amortization	133
Net Carrying Amount	$ 1,867

Long-Term Debt (Details)

Long-Term Debt (Details) $ in Thousands	Jun. 04, 2013USD ($)	Jan. 02, 2016USD ($)item	Jan. 03, 2015USD ($)	Jan. 03, 2015USD ($)	Dec. 28, 2013USD ($)	Nov. 02, 2015USD ($)
Information related to long-term debt
Total long-term debt, net of unamortized discount		$ 1,759,616	$ 1,025,857	$ 1,025,857
Current portion of long-term debt		(33,750)	(18,750)	(18,750)
Long-term debt, net of unamortized discount and excluding current portion		1,725,866	1,007,107	1,007,107
Long-term debt		1,763,750
Unamortized discount		3,669
Aggregate contractual maturities of long-term debt
Fiscal 2,016		30,000
Fiscal 2,017		84,375
Fiscal 2,018		193,750
Fiscal 2,019		9,375
Thereafter		1,412,500
Amended and Restated Senior secured credit facility
Accrued interest		$ 5,700	3,500	3,500
Number of quarters consolidated leverage ratio to be maintained | item		4
Number of quarters consolidated interest coverage ratio to be maintained | item		4
Information related to senior notes
Net deferred debt financing costs		$ 28,100	17,200	17,200
Write-off of deferred debt financing costs		$ 5,400
Debt financing costs, amortization period		5 years
Prepayments and repurchases of long-term debt		$ 18,750		138,750	$ 505,154
Write-off of unamortized discount		$ 300
First quarter of 2015 through the fourth quarter of 2015
Information related to long-term debt
Maximum permissible consolidated leverage ratio		6.75
First quarter of 2016 and thereafter
Information related to long-term debt
Maximum permissible consolidated leverage ratio		6.50
Fiscal quarter ending June 29, 2013 through the fiscal quarter ending January 3, 2015
Information related to long-term debt
Maximum permissible consolidated leverage ratio		7
Minimum
Amended and Restated Senior secured credit facility
Consolidated interest leverage ratio		1.75
Revolving credit loans
Information related to long-term debt
Long-term debt	$ 40,000	$ 40,000	34,000	34,000
Outstanding amount of debt		$ 40,000
Commitment fees (as a percent)		0.50%
Amended and Restated Senior secured credit facility
Available borrowing capacity		$ 458,000
Interest rate at period end (as a percent)		2.29%
Information related to senior notes
Principal amount of debt repurchased		$ 215,000
Deferred financing costs capitalized		5,600	400	$ 400
Write-off of deferred debt financing costs		$ 5,400
Debt financing costs, amortization period		5 years		5 years	5 years
Revolving credit loans | Base rate | Minimum
Information related to senior notes
Interest rate added to variable base rate (as a percent)				0.50%
Revolving credit loans | Base rate | Maximum
Information related to senior notes
Interest rate added to variable base rate (as a percent)				1.00%
Revolving credit loans | LIBOR | Minimum
Information related to senior notes
Interest rate added to variable base rate (as a percent)		1.50%
Revolving credit loans | LIBOR | Maximum
Information related to senior notes
Interest rate added to variable base rate (as a percent)		2.00%
Letters of credit facility
Information related to long-term debt
Fronting fee (as a percent)		0.25%
Amended and Restated Senior secured credit facility
Maximum capacity available		$ 50,000
Outstanding letters of credit		$ 2,000
Incremental term loan | Maximum
Amended and Restated Senior secured credit facility
Senior secured leverage ratio after utilization of incremental facility		4
Tranche A Term Loans due 2016
Information related to long-term debt
Outstanding amount of debt		$ 273,800
Information related to senior notes
Principal amount of debt repurchased		121,900
Deferred financing costs capitalized		$ 2,900
Write-off of deferred debt financing costs			5,400
Tranche A Term Loans due 2016 | Base rate | Minimum
Amended and Restated Senior secured credit facility
Interest rate at period end (as a percent)		1.50%
Tranche A Term Loans due 2016 | Base rate | Maximum
Amended and Restated Senior secured credit facility
Interest rate at period end (as a percent)		2.00%
Tranche A term loans due 2019
Information related to long-term debt
Long-term debt		$ 273,285	291,857	$ 291,857
Unamortized discount		465	643	643
Aggregate contractual maturities of long-term debt
Fiscal 2,014		7,500
Fiscal 2,015		18,800
Fiscal 2,016		26,200
Fiscal 2,017		24,400
Fiscal 2,018		76,900
Fiscal 2,019		$ 146,200
Amended and Restated Senior secured credit facility
Interest rate at period end (as a percent)		2.36%
Tranche B Term loans due 2022
Information related to long-term debt
Long-term debt		$ 746,331
Aggregate contractual maturities of long-term debt
Fiscal 2,016		7,500
Fiscal 2,017		7,500
Fiscal 2,018		7,500
Fiscal 2,019		7,500
Fiscal 2,020		7,500
Fiscal 2,021		7,500
Fiscal 2,022		705,000
4.625% Senior notes due 2021
Information related to long-term debt
Long-term debt		$ 700,000	700,000	700,000
Interest rate (as a percent)	4.625%	4.625%
Aggregate contractual maturities of long-term debt
Repayments of Debt and Capital Lease Obligations	$ 248,500
Information related to senior notes
Principal amount of notes	$ 700,000
Debt issuance price (as a percent)	100.00%
Deferred financing costs capitalized			$ 12,200	$ 12,200
Debt financing costs, amortization period				8 years
4.625% Senior notes due 2021 | Redemption period beginning June 1, 2016
Information related to senior notes
Redemption price (as a percent)		103.469%
4.625% Senior notes due 2021 | Redemption period on or after June 1, 2019
Information related to senior notes
Redemption price (as a percent)		100.00%
4.625% Senior notes due 2021 | Redemption period prior to June 1, 2016
Information related to senior notes
Redemption price (as a percent)		104.625%
4.625% Senior notes due 2021 | Maximum | Redemption period prior to June 1, 2016
Information related to senior notes
Percentage of principal amount redeemed or which may redeem		35.00%
7.625% Senior notes due 2018
Information related to senior notes
Principal amount of debt repurchased		$ 248,500
Write-off of deferred debt financing costs				$ 8,300
Repurchase premium and other expenses on extinguishment of debt				20,200
Write-off of unamortized discount				2,800
Tranche B Term Loan
Information related to long-term debt
Outstanding amount of debt		$ 750,000
Aggregate contractual maturities of long-term debt
Repayments of Debt and Capital Lease Obligations	$ 222,200
Amended and Restated Senior secured credit facility
Maximum capacity available						$ 750,000
Annual rate of amortization of loan (as a percent)		1.00%
Prepayment fees (as a percent)		1.00%
Interest rate at period end (as a percent)		3.75%
Information related to senior notes
Principal amount of notes		$ 750,000
Interest rate added to variable base rate (as a percent)		3.00%	2.00%
Principal amount of debt repurchased				$ 222,200

Long-Term Debt (Details 2)

Long-Term Debt (Details 2) - USD ($) $ in Thousands	Jan. 02, 2016	Jan. 03, 2015
Aggregate contractual maturities of long-term debt
2,015	$ 33,750
2,016	30,000
2,017	84,375
2,018	193,750
2,019	9,375
Thereafter	1,412,500
Total	1,763,750
Accrued interest	$ 5,700	$ 3,500

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 03, 2015	Dec. 28, 2013	Jan. 02, 2016	Oct. 07, 2013	Jun. 04, 2013
Changes in contingent consideration measured at level 3
Contingent consideration accretion expense	$ (432)	$ (208)
Gain on change in fair value of contingent consideration	8,206
Rickland Orchards acquisition
Changes in contingent consideration measured at level 3
Original fair value of contingent consideration			$ 0	$ 7,566
Gain on change in fair value of contingent consideration	8,200
Contingent consideration paid	400	200
Maximum consideration payable upon achievement of specified operating results		15,000		$ 15,000
Level 3 | Rickland Orchards acquisition
Changes in contingent consideration measured at level 3
Balance at beginning of year	7,774
Contingent consideration accretion expense	432
Gain on change in fair value of contingent consideration	(8,206)
Balance at end of quarter		$ 7,774
4.625% Senior notes due 2021
Financial assets and liabilities at fair value
Face amount of senior notes					$ 700,000
Fair value measured on recurring basis | Tranche A term loans due 2019
Financial assets and liabilities at fair value
Face amount of senior notes	292,500		273,800
Fair value measured on recurring basis | Carrying Value | Revolving credit loans
Financial assets and liabilities at fair value
Fair values and carrying amount of revolving credit loans, term loan and senior notes	34,000		40,000
Fair value measured on recurring basis | Carrying Value | Tranche A term loans due 2019
Financial assets and liabilities at fair value
Fair values and carrying amount of revolving credit loans, term loan and senior notes	291,857		273,285
Fair value measured on recurring basis | Carrying Value | Tranche B term loan due 2022
Financial assets and liabilities at fair value
Fair values and carrying amount of revolving credit loans, term loan and senior notes			746,331
Fair value measured on recurring basis | Carrying Value | 4.625% Senior notes due 2021
Financial assets and liabilities at fair value
Fair values and carrying amount of revolving credit loans, term loan and senior notes	700,000		700,000
Fair value measured on recurring basis | Fair Value | Revolving credit loans | Level 2
Financial assets and liabilities at fair value
Fair values and carrying amount of revolving credit loans, term loan and senior notes	34,000		40,000
Fair value measured on recurring basis | Fair Value | Tranche A term loans due 2019 | Level 2
Financial assets and liabilities at fair value
Fair values and carrying amount of revolving credit loans, term loan and senior notes	292,500		272,381
Fair value measured on recurring basis | Fair Value | Tranche B term loan due 2022
Financial assets and liabilities at fair value
Fair values and carrying amount of revolving credit loans, term loan and senior notes			749,063
Fair value measured on recurring basis | Fair Value | 4.625% Senior notes due 2021
Financial assets and liabilities at fair value
Fair values and carrying amount of revolving credit loans, term loan and senior notes	$ 675,500		$ 691,250

Accumulated Other Comprehensi54

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2016	Jan. 03, 2015
Reclassification from accumulated other comprehensive loss
Total before tax	$ 847	$ 45
Income tax expense	(320)	(17)
Net of tax	527	28
Amortization of prior service cost
Reclassification from accumulated other comprehensive loss
Total before tax	44	$ 45
Amortization of unrecognized loss
Reclassification from accumulated other comprehensive loss
Total before tax	$ 803

Accumulated Other Comprehensi55

Accumulated Other Comprehensive Loss (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013
Changes in accumulated other comprehensive loss
Beginning balance	$ 337,995	$ 378,363	$ 361,175
Other comprehensive (loss) income	(1,662)	(8,563)	8,624
Ending balance	457,685	337,995	378,363
Defined Benefit Pension Plan Items
Changes in accumulated other comprehensive loss
Beginning balance	(10,787)	(2,340)
Other comprehensive loss before reclassifications	2,602	(8,475)
Amounts reclassified from AOCL	(527)	28
Other comprehensive (loss) income	2,075	(8,447)
Ending balance	(8,712)	(10,787)	(2,340)
Foreign Currency Translation Adjustments
Changes in accumulated other comprehensive loss
Beginning balance	(247)	(131)
Other comprehensive loss before reclassifications	(3,737)	(116)
Other comprehensive (loss) income	(3,737)	(116)
Ending balance	(3,984)	(247)	(131)
Accumulated Other Comprehensive Loss
Changes in accumulated other comprehensive loss
Beginning balance	(11,034)	(2,471)	(11,095)
Other comprehensive loss before reclassifications	(1,135)	(8,591)
Amounts reclassified from AOCL	(527)	28
Other comprehensive (loss) income	(1,662)	(8,563)
Ending balance	$ (12,696)	$ (11,034)	$ (2,471)

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013
Components of income before income tax expense
U.S.	$ 120,168	$ 63,232	$ 80,291
Foreign	1,071	545	601
Income before income tax expense	121,239	63,777	80,892
Current
Federal	19,534	7,993	6,853
State	3,205	820	728
Foreign	258	153	168
Subtotal	22,997	8,966	7,749
Deferred
Federal	20,729	13,330	20,200
State	8,725	525	600
Foreign	(302)
Subtotal	29,152	13,855	20,800
Income tax expense	$ 52,149	$ 22,821	$ 28,549

Income Taxes (Details 2)

Income Taxes (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013
U.S. federal income tax rate (as a percent)	35.00%	35.00%	35.00%
Income tax expense difference arising due to provision for income taxes at company's income tax rate to the provision for income taxes at the U.S. federal income tax rate
State income taxes, net of federal income tax benefit (as a percent)	3.00%	1.80%	1.80%
Impact on deferred taxes from changes in state tax rates (as a percent)	5.90%		(0.40%)
Permanent differences (as a percent)	(0.70%)
Foreign tax credit (as a percent)	(0.20%)
Other (as a percent)	0.00%	(1.00%)	(1.10%)
Total (as a percent)	43.00%	35.80%	35.30%
Tax expense/(benefit) resulting from changes in state tax laws	$ 7,200
Deferred tax assets
Accounts receivable, principally due to allowance	38	$ 37
Inventories, principally due to additional costs capitalized for tax purposes	2,781	1,050
Accruals and other liabilities	4,546	5,196
Net operating loss and tax credit carry forwards	2,311	1,157
Total gross deferred tax assets	9,676	7,440
Deferred tax liabilities
Plant and equipment	(15,653)	(13,060)
Goodwill and other intangible assets	(237,866)	(194,406)
Prepaid expense	(949)	(906)
Total gross deferred tax liabilities	(254,468)	(208,372)
Net deferred tax liability	(244,792)	(200,932)
Valuation allowance	0	0
Value of intangibles for tax purposes, which are amortizable through 2029	$ 1,133,000
Maximum
Income tax expense difference arising due to provision for income taxes at company's income tax rate to the provision for income taxes at the U.S. federal income tax rate
Tax expense/(benefit) resulting from changes in state tax laws		$ 100	$ 300

Capital Stock (Details)

Capital Stock (Details) $ / shares in Units, $ in Thousands	1 Months Ended		12 Months Ended
	May. 31, 2015USD ($)$ / sharesshares	Oct. 31, 2013USD ($)shares	Jan. 02, 2016USD ($)item
Capital Stock disclosures
Number of votes to which holders of common shares are entitled for each share held | item			1
Common Stock Offering
Shares issued in public offering | shares	4,200,000
Common stock price per share (in dollars per share) | $ / shares	$ 30.60
Proceeds from issuance of common stock after deducting underwriting discounts, commissions and other expenses | $	$ 126,200		$ 126,230
Common stock issued partial consideration for Rickland Orchards acquisition (in shares) | shares		572,546
Value of common stock issued partial consideration for Rickland Orchards acquisition | $		$ 20,100

Pension Benefits (Details)

Pension Benefits (Details) $ in Thousands	12 Months Ended
	Jan. 02, 2016USD ($)item	Jan. 03, 2015USD ($)	Dec. 28, 2013USD ($)
Pension Benefits
Number of defined benefit pension plans | item	3
Change in projected benefit obligation
Projected benefit obligation at beginning of year	$ 66,727	$ 50,679
Actuarial (gain) loss	(4,589)	12,365
Service cost	3,909	2,940	$ 3,284
Interest cost	2,577	2,387	2,111
Benefits paid	(1,415)	(1,644)
Defined Benefit Plan, Curtailments	(825)
Projected benefit obligation at end of year	66,384	66,727	50,679
Change in plan assets
Fair value of plan assets at beginning of year	63,163	59,701
Actual gain on plan assets	1,286	3,356
Employer contributions	3,500	1,750
Benefits paid	(1,415)	(1,644)
Fair value of plan assets at end of year	66,534	63,163	$ 59,701
Net amount recognized
Other assets	865	804
Other long-term liabilities	(715)	(4,368)
Funded status at the end of the year	150	(3,564)
Amount recognized in accumulated other comprehensive loss consists of:
Prior service cost	(82)	(126)
Actuarial loss	(13,586)	(16,875)
Deferred taxes	4,956	6,214
Accumulated other comprehensive loss	(8,712)	(10,787)
Accumulated benefit obligations related to one plan	59,600	58,900
Accumulated benefit obligations related to two other plans	5,842	5,665
Fair value of plan assets related to two other plans	$ 5,780	$ 5,244

Pension Benefits (Details 2)

Pension Benefits (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013
Amounts in accumulated other comprehensive loss that are expected to be recognized as components of net periodic benefit cost
Prior service cost	$ 45
Actuarial loss	528
Total	$ 573
Weighted-average assumptions
Discount rate (as a percent)	4.225%	3.882%
Rate of compensation increase (as a percent)	3.00%	3.00%
Expected long-term rate of return (as a percent)	6.50%	6.50%
Components of net periodic pension cost
Service cost-benefits earned during the period	$ 3,909	$ 2,940	$ 3,284
Interest cost on projected benefit obligation	2,577	2,387	2,111
Expected return on plan assets	(4,214)	(4,347)	(3,635)
Amortization of unrecognized prior service cost	44	45	44
Amortization of unrecognized loss	803		815
Net periodic pension cost	$ 3,119	$ 1,025	$ 2,619

Pension Benefits (Details 3)

Pension Benefits (Details 3)	12 Months Ended
	Jan. 02, 2016	Jan. 03, 2015
Pension Benefits
Target Allocation (as a percent)	100.00%
Percentage of Plan Assets at Year End	100.00%	100.00%
Equity securities
Pension Benefits
Target Allocation (as a percent)	75.00%
Percentage of Plan Assets at Year End	80.00%	80.00%
Fixed income securities
Pension Benefits
Target Allocation (as a percent)	25.00%
Percentage of Plan Assets at Year End	15.00%	15.00%
Other
Pension Benefits
Percentage of Plan Assets at Year End	5.00%	5.00%

Pension Benefits (Details 4)

Pension Benefits (Details 4) - USD ($) $ in Thousands	Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013
Pension Benefits
Fair value of pension plan assets	$ 66,534	$ 63,163	$ 59,701
U.S. common stock in investment portfolio	15,700	19,700
U.S. common stocks invested in B&G Foods, Inc	5,800	4,900
Level 1
Pension Benefits
Fair value of pension plan assets	66,534	63,163
Cash | Level 1
Pension Benefits
Fair value of pension plan assets	3,558	2,934
U.S. mutual funds | Level 1
Pension Benefits
Fair value of pension plan assets	28,728	25,969
Foreign mutual funds | Level 1
Pension Benefits
Fair value of pension plan assets	1,143	2,542
Common Stock | Level 1
Pension Benefits
Fair value of pension plan assets	15,716	19,668
Foreign common stocks | Level 1
Pension Benefits
Fair value of pension plan assets	7,723	2,414
U.S. mutual funds | Level 1
Pension Benefits
Fair value of pension plan assets	$ 9,666	$ 9,636

Pension Benefits (Details 5)

Pension Benefits (Details 5) $ in Thousands	3 Months Ended	12 Months Ended
	Jul. 04, 2015	Dec. 31, 2016USD ($)	Jan. 02, 2016USD ($)	Jan. 03, 2015USD ($)	Dec. 28, 2013USD ($)
Expected cash flows for pension plan
Benefit payments for the year 2016			$ 1,731
Benefit payments for the year 2017			1,974
Benefit payments for the year 2018			2,224
Benefit payments for the year 2019			2,610
Benefit payments for the year 2020			2,807
Benefit payments for the years 2021 to 2025			17,868
Anticipated contribution in fiscal year 2016			3,500
Matching component of contribution by employer to defined contribution plan			$ 1,000	$ 1,000	$ 1,000
Multi-Employer Defined Benefit Pension Plan
Surcharge payable on hours worked applicable for initial critical year of plan (as a percent)			5.00%
Surcharge payable on hours worked applicable for succeeding plan years (as a percent)					10.00%
Maximum contribution to multi-employer plan (as a percent)			5.00%		5.00%
Contribution to the multi-employer plan			$ 800	1,000	$ 1,000
Maximum
Multi-Employer Defined Benefit Pension Plan
Surcharges paid or expected to be paid			$ 100	$ 100	$ 100
Minimum
Multi-Employer Defined Benefit Pension Plan
Plan expected to increase (as a percent)	5
Forecast | Maximum
Multi-Employer Defined Benefit Pension Plan
Surcharges paid or expected to be paid		$ 100

Commitments and Contingencies64

Commitments and Contingencies (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013
Operating Leases
Total rental expense	$ 8,000	$ 7,300	$ 6,400
Future minimum lease payments under non-cancelable operating leases
2,016	8,189
2,017	5,546
2,018	5,361
2,019	5,276
2,020	4,285
Thereafter	3,687
Total	$ 32,344
Gain on legal settlement included in selling, general and administrative expenses			$ 1,500

Commitments and Contingencies65

Commitments and Contingencies (Details 2) $ in Millions	12 Months Ended
	Jan. 02, 2016USD ($)item	Jan. 03, 2015USD ($)
Information related to Ortega and Las Palmas recall
Insurance recoveries receivable		$ 5
Cost impact of recall, net of expected insurance recoveries	$ 1.9	12.8
Reduction of net sales	1.2	4.1
Cost of sales	0.5	8.2
Administrative costs	0.2	$ 0.5
Insurance recoveries	$ 5
Number of executive officers with employment agreements | item	7
Number of employees covered under collective bargaining agreements
Information related to Ortega and Las Palmas recall
Number of employees | item	1,100
Percentage of total employees covered under collective bargaining agreements	55.00%
Total number of employees
Information related to Ortega and Las Palmas recall
Number of employees | item	2,003
Number of collective bargaining agreements expiring within one year
Information related to Ortega and Las Palmas recall
Collective bargaining agreements expiration period	1 year
Number of other collective bargaining agreements expiring within one year | item	0
Number of employees covered under collective bargaining agreements expiring with next 12 months
Information related to Ortega and Las Palmas recall
Number of employees | item	178
Collective bargaining agreements expiration period	12 months

Incentive Plans (Details)

Incentive Plans (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jan. 02, 2016	Jan. 03, 2015	Jan. 03, 2015	Dec. 28, 2013
Incentive Plans
Annual bonus accrual	$ 7,000
Weighted Average Grant Date Fair Value
Total shares of common stock issued	113,047	217,787		312,599
Other disclosure
Excess tax benefit recorded to additional paid in capital	$ 539		$ 2,356	$ 4,192
Compensation expense recognized for share-based payments	$ 5,817		2,235	3,935
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Weighted average grant date fair value (in dollars per share)	$ 6	$ 6.74
Expected volatility (as a percent)	36.00%	34.80%
Expected term	6 years 6 months	6 years 6 months
Risk-free interest rate (as a percent)		1.90%
Dividend yield (as a percent)		4.40%
Minimum
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Risk-free interest rate (as a percent)	1.60%
Dividend yield (as a percent)	4.70%
Maximum
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Risk-free interest rate (as a percent)	1.90%
Dividend yield (as a percent)	4.90%
Cost of Goods Sold.
Other disclosure
Compensation expense recognized for share-based payments	$ 1,420		1,075	855
Selling, General and Administrative Expenses
Other disclosure
Compensation expense recognized for share-based payments	$ 4,397		$ 1,160	$ 3,080
Non-Employee Directors
Weighted Average Grant Date Fair Value
Total shares of common stock issued	18,095	14,010		14,592
2008 Omnibus Incentive Compensation Plan
Share-based Compensation Arrangement by Share-based Payment Award
Total number of shares of common stock authorized for awards	4,500,000
Shares of common stock available for future awards	2,576,598
Performance share long Term incentive awards
Share-based Compensation Arrangement by Share-based Payment Award
Performance period	3 years
Percentage of target number of shares that may be earned, minimum	50.00%
Percentage of target number of shares that may be earned scenario 1, maximum	200.00%
Number of Shares
Balance at the beginning of the period (in shares)	380,977
Granted (in shares)	171,622
Vested (in shares)	(153,194)	(342,576)		(512,885)
Forfeited (in shares)	(31,131)
Balance at the end of the period (in shares)	368,274	380,977	380,977
Weighted Average Grant Date Fair Value
Balance at the beginning of the period (in dollars per share)	$ 24.82
Granted (in dollars per share)	23.86
Vested (in dollars per share)	20.34
Forfeited (in dollars per share)	25.75
Balance at the end of the period (in dollars per share)	$ 26.16	$ 24.82	$ 24.82
Number of performance shares vested	153,194	342,576		512,885
Shares withheld to fund statutory minimum tax withholding	58,242	138,799		214,878
Total shares of common stock issued	94,952	203,777		298,007
Other disclosure
Excess tax benefit recorded to additional paid in capital	$ 539	$ 2,356		$ 4,192
Share based compensation expense related to long-term incentive plans
Unrecognized compensation expense	$ 3,300
Period over which unrecognized compensation expense is expected to be recognized	2 years
Options
Exercised (in shares)	153,194	342,576		512,885
Forfeited (in shares)	31,131
Weighted Average Exercise Price
Exercised (in dollars per share)	$ 20.34
Forfeited (in dollars per share)	$ 25.75
Stock Option
Number of Shares
Forfeited (in shares)	(49,631)
Weighted Average Grant Date Fair Value
Forfeited (in dollars per share)	$ 30.20
Share based compensation expense related to long-term incentive plans
Unrecognized compensation expense	$ 2,000
Period over which unrecognized compensation expense is expected to be recognized	3 years
Options
Outstanding at beginning of fiscal 2015 (in shares)	418,157		0
Granted (in shares)	133,172			0
Forfeited (in shares)	49,631
Outstanding at end of fiscal 2015 (in shares)	501,698	418,157	418,157	0
Weighted Average Exercise Price
Outstanding at beginning of fiscal 2015 (in dollar per share)	$ 30.94
Granted (in dollars per share)	27.89
Forfeited (in dollars per share)	30.20
Outstanding at end of third quarter of 2015 (in dollar per share)	$ 30.20	$ 30.94	$ 30.94
Additional disclosures
Outstanding at end of third quarter of 2015	$ 2,417,000

Net Sales by Brand (Details)

Net Sales by Brand (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jan. 02, 2016	Oct. 03, 2015	Jul. 04, 2015	Apr. 04, 2015	Jan. 03, 2015	Sep. 27, 2014	Jun. 28, 2014	Mar. 29, 2014	Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013
Net Sales by Brand
Net sales	$ 342,291	$ 213,300	$ 193,645	$ 217,122	$ 237,990	$ 208,998	$ 202,889	$ 198,140	$ 966,358	$ 848,017	$ 724,973
Specific brand sale to total sale (as a percent)									2.00%
Fiscal Year
Number of weeks in fiscal year									364 days	371 days	364 days
Ortega
Net Sales by Brand
Net sales									$ 145,840	$ 134,374	$ 137,192
Green Giant
Net Sales by Brand
Net sales									106,173
Pirate Brands
Net Sales by Brand
Net sales									81,715	82,563	32,545
Maple Grove Farms of Vermont
Net Sales by Brand
Net sales									77,724	79,177	77,084
Mrs. Dash
Net Sales by Brand
Net sales									63,210	64,105	61,846
Cream of Wheat
Net Sales by Brand
Net sales									62,342	62,494	65,202
Bear Creek Country Kitchens
Net Sales by Brand
Net sales									53,865	41,432
Las Palmas
Net Sales by Brand
Net sales									36,729	35,121	34,486
Polaner
Net Sales by Brand
Net sales									33,813	36,136	37,036
Bloch & Guggenheimer
Net Sales by Brand
Net sales									26,172	26,889	26,988
New York Style
Net Sales by Brand
Net sales									23,315	28,075	32,995
Spring Tree
Net Sales by Brand
Net sales									20,938	15,183
All other brands
Net Sales by Brand
Net sales									$ 234,522	$ 242,468	$ 219,599

Quarterly Financial Data (una68

Quarterly Financial Data (unaudited) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Jan. 02, 2016	Oct. 03, 2015	Jul. 04, 2015	Apr. 04, 2015	Jan. 03, 2015	Sep. 27, 2014	Jun. 28, 2014	Mar. 29, 2014	Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013
Quarterly Financial Data (unaudited)
Net sales	$ 342,291	$ 213,300	$ 193,645	$ 217,122	$ 237,990	$ 208,998	$ 202,889	$ 198,140	$ 966,358	$ 848,017	$ 724,973
Gross profit	88,563	71,596	62,008	67,397	57,013	63,062	63,027	64,669	289,564	247,771	242,923
Net income	$ 10,960	$ 19,815	$ 18,748	$ 19,567	$ 11,454	$ (4,413)	$ 16,138	$ 17,777	$ 69,090	$ 40,956	$ 52,343
Basic and diluted earnings (loss) per share (in dollars per share)	$ 0.19	$ 0.34	$ 0.33	$ 0.36	$ 0.21	$ (0.08)	$ 0.30	$ 0.33
Cash dividends declared per share	$ 0.35	$ 0.35	$ 0.34	$ 0.34	$ 0.34	$ 0.34	$ 0.34	$ 0.34	$ 1.38	$ 1.36	$ 1.23

Guarantor and Non-Guarantor F69

Guarantor and Non-Guarantor Financial Information (Details) - USD ($) $ in Thousands	Jan. 02, 2016	Jan. 03, 2015	Feb. 01, 2014	Jan. 05, 2014	Dec. 28, 2013	Jun. 04, 2013	Dec. 29, 2012
Current assets:
Cash and cash equivalents	$ 5,246	$ 1,490	$ 4,107	$ 1,490	$ 4,107		$ 19,219
Trade accounts receivable, net	69,712	55,925
Inventories, net	312,880	106,557
Prepaid expenses and other current assets	67,517	14,830
Income tax receivable	2,514	14,442
Deferred income taxes	5,292	3,275
Total current assets	463,161	196,519
Property, plant and equipment, net	163,642	116,197
Goodwill	473,145	370,424
Other intangibles, net	1,442,340	947,895
Other assets	29,427	18,318
Total assets	2,571,715	1,649,353
Current liabilities:
Trade accounts payable	49,593	38,052
Current portion of long-term debt	33,750	18,750
Accrued expenses	31,233	17,644
Dividends payable	20,292	18,246
Total current liabilities	134,868	92,692
Long-term debt, excluding current installments	1,725,866	1,007,107
Other liabilities	3,212	7,352
Deferred income taxes	250,084	204,207
Total liabilities	2,114,030	1,311,358
Stockholders' equity:
Common Stock	580	537
Additional paid-in capital	162,568	110,349
Accumulated other comprehensive loss	(12,696)	(11,034)
Retained earnings	307,233	238,143
Total stockholders' equity	457,685	337,995			$ 378,363		$ 361,175
Total liabilities and stockholders' equity	$ 2,571,715	1,649,353
4.625% Senior notes due 2021
Debt Instrument [Line Items]
Interest rate (as a percent)	4.625%					4.625%
Eliminations
Current assets:
Income tax receivable	$ (104)
Deferred income taxes	(127)
Intercompany receivables	(4,659)
Total current assets	(4,890)
Investments in subsidiaries	(2,327,667)
Total assets	(2,327,557)
Current liabilities:
Accrued expenses	(104)
Intercompany payables	(4,659)
Total current liabilities	(4,763)
Deferred income taxes	(127)
Total liabilities	(4,890)
Stockholders' equity:
Additional paid-in capital	(2,032,114)
Accumulated other comprehensive loss	16,680
Retained earnings	(307,233)
Total stockholders' equity	(2,322,667)
Total liabilities and stockholders' equity	(2,327,557)
Parent | Reportable Legal Entities
Current assets:
Investments in subsidiaries	2,237,593
Total assets	2,237,593
Current liabilities:
Current portion of long-term debt	33,750
Dividends payable	20,292
Total current liabilities	54,042
Long-term debt, excluding current installments	1,725,866
Total liabilities	1,779,908
Stockholders' equity:
Common Stock	580
Additional paid-in capital	162,568
Accumulated other comprehensive loss	(12,696)
Retained earnings	307,233
Total stockholders' equity	457,685
Total liabilities and stockholders' equity	2,237,593
Guarantor Subsidiaries | Reportable Legal Entities
Current assets:
Cash and cash equivalents	1,964	1,438
Trade accounts receivable, net	63,890
Inventories, net	277,432
Prepaid expenses and other current assets	53,242
Income tax receivable	2,611
Deferred income taxes	5,116
Intercompany receivables	4,659
Total current assets	408,914
Property, plant and equipment, net	128,227
Goodwill	473,145
Other intangibles, net	1,442,340
Other assets	29,427
Investments in subsidiaries	85,074
Total assets	2,567,127
Current liabilities:
Trade accounts payable	45,646
Accrued expenses	30,465
Total current liabilities	76,111
Other liabilities	3,212
Deferred income taxes	250,211
Total liabilities	329,534
Stockholders' equity:
Additional paid-in capital	1,945,281
Accumulated other comprehensive loss	(12,696)
Retained earnings	305,008
Total stockholders' equity	2,237,593
Total liabilities and stockholders' equity	2,567,127
Non-Guarantor Subsidiaries | Reportable Legal Entities
Current assets:
Cash and cash equivalents	3,282	$ 52
Trade accounts receivable, net	5,822
Inventories, net	35,448
Prepaid expenses and other current assets	14,275
Income tax receivable	7
Deferred income taxes	303
Total current assets	59,137
Property, plant and equipment, net	35,415
Total assets	94,552
Current liabilities:
Trade accounts payable	3,947
Accrued expenses	872
Intercompany payables	4,659
Total current liabilities	9,478
Total liabilities	9,478
Stockholders' equity:
Additional paid-in capital	86,833
Accumulated other comprehensive loss	(3,984)
Retained earnings	2,225
Total stockholders' equity	85,074
Total liabilities and stockholders' equity	$ 94,552

Guarantor and Non-Guarantor F70

Guarantor and Non-Guarantor Financial Information (Details 2) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jan. 02, 2016	Oct. 03, 2015	Jul. 04, 2015	Apr. 04, 2015	Jan. 03, 2015	Sep. 27, 2014	Jun. 28, 2014	Mar. 29, 2014	Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013
Net sales	$ 342,291	$ 213,300	$ 193,645	$ 217,122	$ 237,990	$ 208,998	$ 202,889	$ 198,140	$ 966,358	$ 848,017	$ 724,973
Cost of goods sold									676,794	600,246	482,050
Gross profit	88,563	71,596	62,008	67,397	57,013	63,062	63,027	64,669	289,564	247,771	242,923
Operating expenses:
Selling, general and administrative expenses									105,939	93,033	79,043
Amortization expense									11,255	12,692	9,884
Operating income									172,370	116,098	153,996
Other expenses:
Interest expense, net									51,131	46,573	41,813
Income before income tax expense									121,239	63,777	80,892
Income tax expense (benefit)									52,149	22,821	28,549
Net income	$ 10,960	$ 19,815	$ 18,748	$ 19,567	$ 11,454	$ (4,413)	$ 16,138	$ 17,777	69,090	40,956	52,343
Comprehensive income (loss)									67,428	$ 32,393	$ 60,967
Eliminations
Net sales									(4,267)
Cost of goods sold									(4,267)
Other expenses:
Equity in earnings of subsidiaries									(70,247)
Net income									(70,247)
Comprehensive income (loss)									(64,848)
Parent | Reportable Legal Entities
Other expenses:
Equity in earnings of subsidiaries									69,090
Net income									69,090
Comprehensive income (loss)									67,428
Guarantor Subsidiaries | Reportable Legal Entities
Net sales									934,260
Cost of goods sold									697,256
Gross profit									287,004
Operating expenses:
Selling, general and administrative expenses									104,449
Amortization expense									11,255
Operating income									171,300
Other expenses:
Interest expense, net									51,131
Income before income tax expense									120,169
Income tax expense (benefit)									52,236
Equity in earnings of subsidiaries									1,157
Net income									69,090
Comprehensive income (loss)									67,428
Non-Guarantor Subsidiaries | Reportable Legal Entities
Net sales									36,365
Cost of goods sold									33,805
Gross profit									2,560
Operating expenses:
Selling, general and administrative expenses									1,490
Operating income									1,070
Other expenses:
Income before income tax expense									1,070
Income tax expense (benefit)									(87)
Net income									1,157
Comprehensive income (loss)									$ (2,580)

Guarantor and Non-Guarantor F71

Guarantor and Non-Guarantor Financial Information (Details 3) - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013
Cash flows from operating activities:
Net cash provided by (used in) operating activities	$ 128,479	$ 99,126	$ 114,910
Cash flows from investing activities:
Capital expenditures	(18,574)	(19,025)	(14,649)
Payments for acquisition of businesses, net of cash acquired	(873,811)	(154,277)	(247,281)
Net cash used in investing activities	(892,385)	(173,302)	(261,930)
Cash flows from financing activities:
Repayments of long-term debt	(18,750)	(138,750)	(505,154)
Proceeds from issuance of long-term debt	746,250	299,250	700,000
Repayments of borrowings under revolving credit facility	(164,000)	(258,500)	(90,000)
Borrowings under revolving credit facility	170,000	252,500	105,000
Proceeds from issuance of common stock, net	126,230
Dividends paid	(76,528)	(72,369)	(62,824)
Excess tax benefits from share-based compensation	539	2,356	4,192
Payments of tax withholding on behalf of employees for net share settlement of share-based compensation	(1,750)	(4,374)	(6,812)
Debt financing costs	(14,547)	(8,494)	(12,574)
Net cash provided by financing activities	767,444	71,619	131,828
Effect of exchange rate fluctuations on cash and cash equivalents	218	(60)	80
Net increase (decrease) in cash and cash equivalents	3,756	(2,617)	(15,112)
Cash and cash equivalents at beginning of year	1,490	4,107	19,219
Cash and cash equivalents at end of year	5,246	1,490	$ 4,107
Parent | Reportable Legal Entities
Cash flows from financing activities:
Repayments of long-term debt	(18,750)
Proceeds from issuance of long-term debt	746,250
Repayments of borrowings under revolving credit facility	(164,000)
Borrowings under revolving credit facility	170,000
Proceeds from issuance of common stock, net	126,230
Dividends paid	(76,528)
Intercompany transactions	(783,202)
Guarantor Subsidiaries | Reportable Legal Entities
Cash flows from operating activities:
Net cash provided by (used in) operating activities	137,330
Cash flows from investing activities:
Capital expenditures	(18,209)
Payments for acquisition of businesses, net of cash acquired	(796,524)
Net cash used in investing activities	(814,733)
Cash flows from financing activities:
Excess tax benefits from share-based compensation	539
Payments of tax withholding on behalf of employees for net share settlement of share-based compensation	(1,750)
Debt financing costs	(14,547)
Intercompany transactions	693,687
Net cash provided by financing activities	677,929
Net increase (decrease) in cash and cash equivalents	526
Cash and cash equivalents at beginning of year	1,438
Cash and cash equivalents at end of year	1,964	1,438
Non-Guarantor Subsidiaries | Reportable Legal Entities
Cash flows from operating activities:
Net cash provided by (used in) operating activities	(8,851)
Cash flows from investing activities:
Capital expenditures	(365)
Payments for acquisition of businesses, net of cash acquired	(77,287)
Net cash used in investing activities	(77,652)
Cash flows from financing activities:
Intercompany transactions	89,515
Net cash provided by financing activities	89,515
Effect of exchange rate fluctuations on cash and cash equivalents	218
Net increase (decrease) in cash and cash equivalents	3,230
Cash and cash equivalents at beginning of year	52
Cash and cash equivalents at end of year	$ 3,282	$ 52

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent event	Feb. 22, 2016$ / shares
Subsequent events
Quarterly cash dividends declared per share, before increase (in dollars per share)	$ 0.35
Quarterly cash dividends declared per share, after increase (in dollars per share)	0.42
Annual cash dividends declared per share, before increase (in dollars per share)	1.40
Annual cash dividends declared per share, after increase (in dollars per share)	$ 1.68

Schedule II Schedule of Valua73

Schedule II Schedule of Valuation and Qualifying Accounts (Details) - Allowance for doubtful accounts and discounts - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013
Changes in Valuation and Qualifying Accounts
Balance at beginning of period	$ 1,005		$ 831
Charged to costs and expenses	178	$ 21	257
Deductions describe	16	97	7
Balance at end of period	$ 1,167	$ 1,005	$ 1,081