B&G Foods (BGS) 10-K 26 Feb 19 2018 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 29, 2018	Feb. 22, 2019	Jun. 29, 2018
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	Dec. 29, 2018
Amendment Flag	false
Current Fiscal Year End Date	--12-29
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$ 1,468,230,919
Entity Common Stock, Shares Outstanding		65,638,701
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	FY
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 29, 2018	Dec. 30, 2017
Current assets:
Cash and cash equivalents	$ 11,648	$ 206,506
Trade accounts receivable, less allowance for doubtful accounts and discounts of $1,851 and $1,824 as of December 29, 2018 and December 30, 2017, respectively	151,707	141,392
Inventories	401,355	501,849
Prepaid expenses and other current assets	19,988	20,054
Income tax receivable	1,398	16,794
Total current assets	586,096	886,595
Property, plant and equipment, net of accumulated depreciation of $230,200 and $200,664 as of December 29, 2018 and December 30, 2017, respectively	282,553	272,192
Goodwill	584,435	649,292
Other intangibles, net	1,595,569	1,748,220
Other assets	1,206	1,617
Deferred income taxes	4,940	3,122
Total assets	3,054,799	3,561,038
Current liabilities:
Trade accounts payable	140,000	122,358
Accrued expenses	55,660	48,067
Income tax payable	31,624	139
Dividends payable	31,178	30,922
Total current liabilities	258,462	201,486
Long-term debt	1,635,881	2,217,574
Other liabilities	24,505	24,881
Deferred income taxes	235,902	236,278
Total liabilities	2,154,750	2,680,219
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; 65,638,701 and 66,499,044 shares issued and outstanding as of December 29, 2018 and December 30, 2017	656	665
Additional paid-in capital	116,339	266,789
Accumulated other comprehensive loss	(23,502)	(20,756)
Retained earnings	806,556	634,121
Total stockholders' equity	900,049	880,819
Total liabilities and stockholders' equity	$ 3,054,799	$ 3,561,038

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 29, 2018	Dec. 30, 2017
Consolidated Balance Sheets
Trade accounts receivable, allowance for doubtful accounts and discounts (in dollars)	$ 1,851	$ 1,824
Property, plant and equipment, accumulated depreciation (in dollars)	$ 230,200	$ 200,664
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	65,638,701	66,499,044
Common stock, shares outstanding	65,638,701	66,499,044

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 29, 2018	Sep. 29, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 30, 2017	Sep. 30, 2017	Jul. 01, 2017	Apr. 01, 2017	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Consolidated Statements of Operations
Net sales	$ 458,055	$ 422,602	$ 388,378	$ 431,729	$ 466,353	$ 406,051	$ 361,676	$ 412,307	$ 1,700,764	$ 1,646,387	$ 1,372,307
Cost of goods sold									1,351,264	1,205,809	943,295
Gross profit	49,932	115,039	81,173	103,356	93,860	120,942	104,557	121,219	349,500	440,578	429,012
Operating expenses:
Selling, general and administrative expenses									167,389	183,448	157,028
Amortization expense									18,343	17,611	13,803
(Gain) loss on sale of assets									(176,386)	1,608
Impairment of intangible assets											5,405
Operating income									340,154	237,911	252,776
Other income and expenses:
Interest expense, net									108,334	91,784	74,456
Loss on extinguishment of debt									13,135	1,163	2,836
Other income									(3,592)	(3,098)	(1,582)
Income before income tax expense (benefit)									222,277	148,062	177,066
Income tax expense (benefit)									49,842	(69,401)	67,641
Net income	$ 111,924	$ 31,988	$ 7,976	$ 20,547	$ 129,908	$ 32,730	$ 22,061	$ 32,764	$ 172,435	$ 217,463	$ 109,425
Weighted average shares outstanding:
Basic (in shares)									66,144,703	66,487,403	63,202,900
Diluted (in shares)									66,254,554	66,706,463	63,419,792
Earnings per share:
Basic (in dollars per share)	$ 1.70	$ 0.49	$ 0.12	$ 0.31	$ 1.95	$ 0.49	$ 0.33	$ 0.49	$ 2.61	$ 3.27	$ 1.73
Diluted (in dollars per share)	1.70	0.48	0.12	0.31	1.95	0.49	0.33	0.49	2.60	3.26	1.73
Cash dividends declared per share (in dollars per share)	$ 0.475	$ 0.475	$ 0.475	$ 0.465	$ 0.465	$ 0.465	$ 0.465	$ 0.465	$ 1.89	$ 1.86	$ 1.73

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 29, 2018	Sep. 29, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 30, 2017	Sep. 30, 2017	Jul. 01, 2017	Apr. 01, 2017	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Consolidated Statements of Comprehensive Income
Net income	$ 111,924	$ 31,988	$ 7,976	$ 20,547	$ 129,908	$ 32,730	$ 22,061	$ 32,764	$ 172,435	$ 217,463	$ 109,425
Other comprehensive income:
Foreign currency translation adjustments									(3,507)	4,393	(8,180)
Amortization of unrecognized prior service cost and pension deferrals, net of tax									761	(5,785)	1,512
Other comprehensive income									(2,746)	(1,392)	(6,668)
Comprehensive income									$ 169,689	$ 216,071	$ 102,757

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 Jan. 02, 2016	$ 580	$ 162,568	$ (12,696)	$ 307,233	$ 457,685
Balance (in shares) at Jan. 02, 2016	57,976,744
Increase (Decrease) in Stockholders' Equity
Foreign currency translation			(8,180)		(8,180)
Change in pension benefit (net of income taxes)			1,512		1,512
Net income				109,425	109,425
Share-based compensation		5,798			5,798
Issuance of common stock for share-based compensation		(1,410)			$ (1,410)
Issuance of common stock for share-based compensation (in shares)	79,570
Repurchase of common stock (in shares)					0
Issuance of common stock	$ 84	331,795			$ 331,879
Issuance of stock (in shares)	8,350,000
Tax benefit from issuance of common stock for share-based compensation		343			343
Dividends declared on common stock		(111,395)			(111,395)
Ending balance at Dec. 31, 2016	$ 664	387,699	(19,364)	416,658	785,657
Balance (in shares) at Dec. 31, 2016	66,406,314
Increase (Decrease) in Stockholders' Equity
Foreign currency translation			4,393		4,393
Change in pension benefit (net of income taxes)			(5,785)		(5,785)
Net income				217,463	217,463
Share-based compensation		4,615			4,615
Issuance of common stock for share-based compensation	$ 1	(1,851)			$ (1,850)
Issuance of common stock for share-based compensation (in shares)	92,730
Stock options exercised (in shares)					4,011
Repurchase of common stock (in shares)					0
Dividends declared on common stock		(123,674)			$ (123,674)
Ending balance at Dec. 30, 2017	$ 665	266,789	(20,756)	634,121	$ 880,819
Balance (in shares) at Dec. 30, 2017	66,499,044				66,499,044
Increase (Decrease) in Stockholders' Equity
Foreign currency translation			(3,507)		$ (3,507)
Change in pension benefit (net of income taxes)			761		761
Net income				172,435	172,435
Share-based compensation		3,025			3,025
Issuance of common stock for share-based compensation	$ 1	(1,845)			(1,844)
Issuance of common stock for share-based compensation (in shares)	127,996
Stock options exercised		60			$ 60
Stock options exercised (in shares)	1,787				1,787
Repurchase of common stock	$ (10)	(26,910)			$ (26,920)
Repurchase of common stock (in shares)	(990,126)
Dividends declared on common stock		(124,780)			(124,780)
Ending balance at Dec. 29, 2018	$ 656	$ 116,339	$ (23,502)	$ 806,556	$ 900,049
Balance (in shares) at Dec. 29, 2018	65,638,701				65,638,701

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Consolidated Statements of Changes in Stockholders' Equity
Change in pension benefit, income taxes	$ 254	$ 3,777	$ 917
Dividends declared on common stock, per share (in dollars per share)	$ 1.89	$ 1.86	$ 1.73

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Cash flows from operating activities:
Net income	$ 172,435	$ 217,463	$ 109,425
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	53,639	49,172	37,266
Amortization of deferred debt financing costs and bond discount/premium	5,282	5,812	5,426
Deferred income taxes	(1,494)	(80,525)	56,190
Impairment of intangible assets			5,405
(Gain) loss on sale of assets	(176,386)	1,608
Write-off of property, plant, and equipment	931	208	337
Loss on disposal of inventory		3,287	791
Loss on extinguishment of debt	13,135	1,163	2,836
Share-based compensation expense	3,025	4,615	5,798
Excess tax benefits from share-based compensation			(343)
Changes in assets and liabilities, net of effects of businesses acquired:
Trade accounts receivable	(12,933)	(18,034)	(45,763)
Inventories	88,037	(139,512)	2,396
Prepaid expenses and other current assets	(302)	6,596	41,929
Income tax receivable/payable	45,973	(9,829)	(3,658)
Other assets	307	(6,542)	(747)
Trade accounts payable	14,773	16,623	47,250
Accrued expenses	1,449	(17,344)	23,832
Other liabilities	1,585	3,038	1,291
Net cash provided by operating activities	209,456	37,799	289,661
Cash flows from investing activities:
Capital expenditures	(41,627)	(59,802)	(42,418)
Proceeds from sale of assets	420,002	2,229
Payments for acquisition of businesses, net of cash acquired	(30,787)	(162,965)	(438,787)
Net cash provided by (used in) investing activities	347,588	(220,538)	(481,205)
Cash flows from financing activities:
Repayments of long-term debt	(650,110)	(233,640)	(150,000)
Proceeds from issuance of long-term debt		914,000
Repayments of borrowings under revolving credit facility	(170,000)	(571,000)	(99,000)
Borrowings under revolving credit facility	220,000	395,000	235,000
Proceeds from issuance of common stock, net	60	112	331,879
Dividends paid	(124,524)	(123,631)	(100,807)
Excess tax benefits from share-based compensation			343
Payments for repurchase of common stock, net	(26,920)
Payments of tax withholding on behalf of employees for net share settlement of share-based compensation	(1,833)	(1,962)	(1,410)
Debt financing costs		(19,543)
Net cash (used in) provided by financing activities	(753,327)	359,336	216,005
Effect of exchange rate fluctuations on cash and cash equivalents	1,425	1,076	(874)
Net (decrease) increase in cash and cash equivalents	(194,858)	177,673	23,587
Cash and cash equivalents at beginning of year	206,506	28,833	5,246
Cash and cash equivalents at end of year	11,648	206,506	28,833
Supplemental disclosures of cash flow information:
Cash interest payments	102,114	75,784	69,755
Cash income tax payments	4,669	17,231	15,406
Non-cash investing and financing transactions:
Dividends declared and not yet paid	31,178	30,922	$ 30,879
Accruals related to purchases of property, plant and equipment	$ 5,520	$ 330

Nature of Operations

Nature of Operations	12 Months Ended
	Dec. 29, 2018
Nature of Operations
Nature of Operations	(1) Nature of Operation 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, oatmeal and other 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, cookies and crackers, nut clusters and other specialty products. Our products are marketed under many recognized brands, including Ac’cent , B&G , B&M , Back to Nature, Baker’s Joy , Bear Creek Country Kitchens , Brer Rabbit , Canoleo , Cary’s , Cream of Rice , Cream of Wheat , Devonsheer , Don Pepino , Durkee , 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 , McCann’s , Molly McButter , Mrs. Dash , New York Flatbreads , New York Style , Old London , Ortega , Polaner , Red Devil , Regina , Sa-són , Sclafani , SnackWell’s, Spice Islands , Spring Tree , Sugar Twin , Tone’s , Trappey’s , TrueNorth , Underwood , Vermont Maid , Victoria , Weber and Wright’s . We also sell and distribute Static Guard , a household product brand . We compete in the retail grocery, foodservice, 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, foodservice 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 December 29, 2018 (fiscal 2018) December 30, 2017 (fiscal 2017) and December 31, 2016 (fiscal 2016) contained 52 weeks each. 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 54.4%, 54.6% and 56.0% of consolidated net sales in fiscal 2018, 2017 and 2016, respectively. Our top ten customers accounted for approximately 54.8%, 49.4% and 53.4% of our consolidated trade accounts receivables as of the end of fiscal 2018, 2017 and 2016, respectively. Other than Walmart, which accounted for 23.1%, 24.1% and 24.1% of our consolidated net sales in fiscal 2018, 2017 and 2016, respectively, no single customer accounted for more than 10.0% of consolidated net sales in fiscal 2018, 2017 or 2016. Other than Walmart, which accounted for 24.9%, 21.5% and 21.2% of our consolidated trade accounts receivables as of the end of fiscal 2018, 2017 and 2016, respectively, no single customer accounted for more than 10.0% of our consolidated trade accounts receivables as of the end of fiscal 2018, 2017 and 2016. As of December 29, 2018, 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 Walmart. During fiscal 2018, 2017 and 2016, our sales to foreign countries represented approximately 7.3%, 6.3% and 7.1%, respectively, of net sales. Our foreign sales are primarily to customers in Canada.

Acquisitions and Divestitures

Acquisitions and Divestitures	12 Months Ended
	Dec. 29, 2018
Acquisitions And Divestitures
Acquisitions and Divestitures	(3) Acquisitions and Divestitures Acquisitions On July 16, 2018, we acquired the McCann’s brand of premium Irish oatmeal from TreeHouse Foods, Inc. for approximately $30.8 million in cash. We refer to this acquisition as the “ McCann’s acquisition.” On October 2, 2017, we completed the acquisition of Back to Nature Foods Company, LLC and related entities, including the Back to Nature and SnackWell’s brands, from Brynwood Partners VI L.P., Mondelēz International and certain other sellers for approximately $162.8 million in cash. We refer to this acquisition as the “ Back to Nature acquisition.” On December 2, 2016, we acquired Victoria Fine Foods, LLC, and a related entity, from Huron Capital Partners and certain other sellers for a purchase price of $71.9 million in cash. We refer to this acquisition as the “ Victoria acquisition.” On November 21, 2016, we completed the acquisition of the spices & seasonings business of ACH Food Companies, Inc. for a purchase price of $366.9 million. We refer to this acquisition as the “spices & seasonings acquisition.” In connection with the acquisition, as of December 31, 2016, we had payables related to a transition services agreement with ACH Food Companies of $12.6 million included in accrued expenses in the accompanying consolidated balance sheets. 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. Goodwill and other intangible assets, except in the case of the Victoria and Back to Nature 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.” (3) The following table sets forth the preliminary allocation of the McCann’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 liabilities assumed. During the fourth quarter of 2018, we recorded a purchase price adjustment to increase accrued expenses and goodwill by $0.2 million. We anticipate completing the purchase price allocation during the third quarter of fiscal 2019. McCann’s Acquisition (in thousands): Purchase Price: Cash paid $ 30,787 Total $ 30,787 Preliminary Allocation: Property, plant and equipment $ 12 Inventory 973 Trademarks—unamortizable intangible assets 24,800 Customer relationship intangibles—amortizable intangible assets 2,000 Accrued expenses (292) Goodwill 3,294 Total $ 30,787 The following table sets forth the allocation of the Back to Nature acquisition purchase price to the estimated fair value of the net assets acquired at the date of acquisition. During fiscal 2018, we recorded a purchase price adjustment to increase unamortizable trademarks by $0.1 million, goodwill by $2.8 million and other working capital by $2.1 million, and decrease inventory by $1.7 million and long-term deferred income tax liabilities, net, by $0.9 million. Back to Nature Acquisition (in thousands): Purchase Price: Cash paid $ 162,848 Total $ 162,848 Allocation: Trademarks—unamortizable intangible assets $ 109,900 Trademarks—amortizable intangible assets 12,800 Goodwill 36,334 Customer relationship intangibles—amortizable intangible assets 14,700 Inventory 5,088 Long-term deferred income tax liabilities, net (9,892) Other working capital (6,082) Total $ 162,848 (3) The following table sets forth the allocation of the Victoria acquisition purchase price to the estimated fair value of the net assets acquired at the date of acquisition. Victoria Acquisition (in thousands): Purchase Price: Cash paid $ 71,972 Total $ 71,972 Allocation: Trademarks—unamortizable intangible assets 45,500 Goodwill 12,298 Property, plant and equipment 9,298 Customer relationship intangibles—amortizable intangible assets 6,400 Inventory 5,729 Long-term deferred income tax liabilities, net (5,206) Other working capital (2,047) Total $ 71,972 The following table sets forth the allocation of the spices & seasonings acquisition purchase price to the estimated fair value of the net assets acquired at the date of acquisition. Spices & Seasonings Acquisition (in thousands): Purchase Price: Cash paid $ 366,932 Total $ 366,932 Allocation: Goodwill 120,545 Customer relationship intangibles—amortizable intangible assets 89,250 Trademarks—unamortizable intangible assets 65,200 Property, plant and equipment 62,193 Inventory 49,571 Other liabilities (1) (17,939) Other working capital (1,888) Total $ 366,932 (1) In connection with the spices & seasonings acquisition, we agreed to establish a defined benefit plan for certain employees transferred to B&G Foods and certain former employees of the acquired spices & seasonings business. We also agreed to assume certain liabilities relating to the underfunded status of the former plan that such employees participated in prior to the acquisition. At each of December 29, 2018 and December 30, 2017, we recognized $17.9 million in “other liabilities” in the accompanying consolidated balance sheets to reflect our obligations with respect to the underfunded status of the defined benefit plan assets and liabilities transferred to us. (3) Unaudited Pro Forma Summary of Operations The following pro forma summary of operations presents our operations as if the spices & seasonings acquisition had occurred as of the beginning of fiscal 2016. In addition to including the results of operations of this acquisition, 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, the spices & seasonings business contributed $256.0 million, $259.2 million and $28.2 million of our consolidated net sales for fiscal 2018, 2017 and 2016, respectively. (In thousands, except per share data): Fiscal 2016 Net sales (1) (2) $ 1,587,212 Net income (1) $ 129,712 Basic earnings per share (1) $ 2.01 Diluted earnings per share (1) $ 2.00 (1) The pro forma information presented above does not purport to be indicative of the results that actually would have been attained had the spices & seasonings acquisition occurred as of the beginning of fiscal 2016, and is not intended to be a projection of future results. (2) Net sales has been adjusted as a result of our retrospective adoption of the new accounting standard relating to revenue recognition. See Note 2(s), “Summary of Significant Accounting Policies — Recently Issued Accounting Standards ” above. The adjustments described above had no impact on net income or earnings per share. None of the McCann’s , Back to Nature and Victoria acquisitions were material to our consolidated results of operations or financial position and, therefore, pro forma financial information is not presented. Divestitures On October 17, 2018, we completed the sale of Pirate Brands to The Hershey Company for a purchase price of $420.0 million in cash. Pirate Brands includes the Pirate’s Booty , Smart Puffs and Original Tings brands . We refer to this divestiture as the “Pirate Brands sale.” Net deferred tax liabilities associated with the Pirate Brands sale were $107.3 million. We recognized a pre-tax gain on the Pirate Brands sale of $176.4 million, as calculated below (in thousands): Cash received $ 420,002 Assets sold: Inventory (6,688) Property, plant and equipment (404) Customer relationships—amortizable intangible assets (8,408) Trademarks—unamortizable intangible assets (152,800) Goodwill (70,952) Other (77) Total assets sold (239,328) Expenses (4,288) Gain on sale of assets $ 176,386 In December 2018, the compensation committee of our board of directors approved a special bonus pool of $6.0 million to be paid in fiscal 2019 to our executive officers and certain members of senior management to recognize their significant contributions to the successful operation of Pirate Brands during our company’s five years of ownership of Pirate Brands and to the successful completion of the Pirate Brands sale at a sale price more than double what our company paid for Pirate Brands in 2013.

Inventories

Inventories	12 Months Ended
	Dec. 29, 2018
Inventories
Inventories	(4) Inventories consist of the following, as of the dates indicated (in thousands): December 29, 2018 December 30, 2017 Raw materials and packaging $ 61,905 $ 70,315 Work-in-process 95,282 140,425 Finished goods 244,168 291,109 Inventories $ 401,355 $

Property, Plant and Equipment,

Property, Plant and Equipment, net	12 Months Ended
	Dec. 29, 2018
Property, Plant and Equipment, net.
Property, Plant and Equipment, net	(5) Property, plant and equipment, net, consists of the following as of the dates indicated (in thousands): December 29, 2018 December 30, 2017 Land $ $ Buildings and improvements Machinery and equipment Office furniture and vehicles Construction-in-progress Less: accumulated depreciation Property, plant and equipment, net $ $ Depreciation expense was $35.3 million, $31.6 million and $23.5 million for fiscal 2018, 2017 and 2016, respectively.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	12 Months Ended
	Dec. 29, 2018
Goodwill and Other Intangible Assets
Goodwill and Other Intangible Assets	(6) The carrying amounts of goodwill and other intangible assets, as of the dates indicated, consist of the following (in thousands): December 29, 2018 December 30, 2017 Gross Carrying Accumulated Net Carrying Gross Carrying Accumulated Net Carrying Amount Amortization Amount Amount Amortization Amount Amortizable Intangible Assets Trademarks $ 19,600 $ 3,369 $ 16,231 $ 19,600 $ 2,276 $ 17,324 Customer relationships 335,590 111,952 223,638 344,990 97,695 247,295 Total amortizable intangible assets $ 355,190 $ 115,321 $ 239,869 $ 364,590 $ 99,971 $ 264,619 Unamortizable Intangible Assets Goodwill (1) $ 584,435 $ 649,292 Trademarks (1) $ 1,355,700 $ 1,483,601 (1) The decreases in the carrying amounts of unamortizable intangible assets during fiscal 2018 are attributable to the Pirate Brands sale. During fiscal 2018, 2017 and 2016, we amortized $18.3 million, $17.6 million and $13.8 million, respectively, of the amortizable intangible assets. We expect to recognize $18.0 million of amortization expense in each of the fiscal years 2019, 2020, 2021 and 2022, respectively, and $17.8 million in fiscal 2023. See Note 3, “Acquisitions and Divestitures.” (6) Rickland Orchards. During the second quarter of 2016, we discontinued the Rickland Orchards brand because there was not sufficient demand to warrant continued production. Accordingly, we wrote off the related intangible assets and recorded non-cash impairment charges to amortizable trademarks and customer relationship intangibles of $4.5 million and $0.9 million, respectively, which are recorded in “Impairment of intangible assets” in the accompanying consolidated statement of operations.

Long-Term Debt

Long-Term Debt	12 Months Ended
	Dec. 29, 2018
Long-Term Debt
Long-Term Debt	(7) Long-term debt consists of the following, as of the dates indicated (in thousands): December 29, 2018 December 30, 2017 Revolving credit loans: Outstanding principal $ 50,000 $ — Unamortized deferred financing costs (2,996) (3,778) Revolving credit loans, net 47,004 (3,778) Tranche B term loans due 2022: Outstanding principal — 650,110 Unamortized deferred financing costs — (12,648) Unamortized discount — (2,279) Tranche B term loans due 2022, net — 635,183 4.625% senior notes due 2021: Outstanding principal 700,000 700,000 Unamortized deferred financing costs (3,687) (5,206) 4.625% senior notes due 2021, net 696,313 694,794 5.25% senior notes due 2025: Outstanding principal 900,000 900,000 Unamortized deferred financing costs (10,807) (12,535) Unamortized premium 3,371 3,910 5.25% senior notes due 2025, net 892,564 891,375 Total long-term debt, net of unamortized financing costs and discount/premium $ 1,635,881 $ 2,217,574 Senior Secured Credit Agreement. In fiscal 2017, we refinanced our senior secured credit facility twice by amending and restating our senior secured credit agreement, first on March 30, 2017, and again on November 20, 2017. The first refinancing, on March 30, 2017, reduced by 0.75% the spread over LIBOR or the applicable base rate on the then outstanding $640.1 million of tranche B term loans. On April 3, 2017, we repaid all of the outstanding borrowings and amounts due under our revolving credit facility and tranche A term loans using a portion of the net proceeds of our registered public offering of $500.0 million aggregate principal amount of 5.25% senior notes due 2025. On November 20, 2017, we again refinanced our senior secured credit facility. This second refinancing increased the principal amount of the tranche B term loans by $10.0 million to $650.1 million, reduced by 25 basis points the spread over LIBOR or the applicable base rate on the tranche B term loans and any revolving loans, increased the aggregate commitments under our revolving credit facility from $500.0 million to $700.0 million, and extended the maturity date applicable to our revolving credit facility from June 2019 to November 2022. (7) We made optional prepayments of our tranche B term loans of $150.0 million principal amount in fiscal 2018. On October 18, 2018, we made a mandatory prepayment of $352.2 million principal amount of tranche B term loans with the net proceeds of the Pirate Brands sale. On October 19, 2018, we made an optional prepayment of the remaining $147.9 million principal amount of tranche B term loans outstanding under our credit agreement from cash on hand and the proceeds of additional revolving loans under our credit agreement. As a result of the optional and mandatory prepayments of the tranche B term loans, we recognized a loss on extinguishment of debt of $13.1 million in fiscal 2018. At December 29, 2018, the available borrowing capacity under our revolving credit facility, net of outstanding letters of credit of $2.2 million, was $647.8 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. At December 29, 2018, there was $50.0 million outstanding under our revolving credit facility. 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 November 21, 2022. 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 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 0.25% to 0.75%, and LIBOR plus an applicable margin ranging from 1.25% to 1.75%, in each case depending on our consolidated leverage ratio. Interest under the tranche B term loan facility was determined based on alternative rates that we could choose in accordance with the credit agreement, including a base rate per annum plus an applicable margin of 1.00%, and LIBOR plus an applicable margin of 2.00%. As of December 29, 2018, there were no tranche B term loans outstanding under our credit facility. 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 agreement 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. 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 December 29, 2018, 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. (7) 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. 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. 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. 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 governing the 4.625% senior notes 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 December 29, 2018, we were in compliance with all of the covenants in the indenture governing the 4.625% senior notes . 5.25% Senior Notes due 2025. On April 3, 2017, we issued $500.0 million aggregate principal amount of 5.25% senior notes due 2025 at a price to the public of 100% of their face value. On November 20, 2017, we issued an additional $400.0 million aggregate principal amount of 5.25% senior notes due 2025 at a price to the public 101% of their face value plus accrued interest from October 1, 2017, which equates to a yield to worst of 5.03%. The notes issued in November were issued as additional notes under the same indenture as our 5.25% senior notes due 2025 that were issued in April, and, as such, form a single series and trade interchangeably with the previously issued 5.25% senior notes. We used the net proceeds of the April 2017 offering to repay all of the outstanding borrowings and amounts due under our revolving credit facility and tranche A term loans, and to pay related fees and expenses. We used the net proceeds of the November 2017 offering to repay all of the then outstanding borrowings and amounts due under our revolving credit facility and to pay related fees and expenses. We have used a portion of, and intend to use the remaining portion of, the net proceeds of the April 2017 and November 2017 offerings for general corporate purposes, which have included and could include, among other things, repayment of other long term debt or possible acquisitions. (7) Interest on the 5.25% senior notes is payable on April 1 and October 1 of each year, commencing October 1, 2017. The 5.25% senior notes will mature on April 1, 2025, unless earlier retired or redeemed. On or after April 1, 2020, we may redeem some or all of the 5.25% senior notes at a redemption price of 103.9375% beginning April 1, 2020 and thereafter at prices declining annually to 100% on or after April 1, 2023, in each case plus accrued and unpaid interest to the date of redemption. In addition, if we undergo a change of control or upon certain asset sales, we may be required to offer to repurchase the 5.25% 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 5.25% senior notes through cash repurchases of the 5.25% senior notes and/or exchanges of the 5.25% 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 5.25% 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 5.25% 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 5.25% senior notes. The indenture governing the 5.25% senior notes 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 December 29, 2018, we were in compliance with all of the covenants in the indenture governing the 5.25% 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 18, “Guarantor and Non-Guarantor Financial Information.” Loss on Extinguishment of Debt. Loss on extinguishment of debt for fiscal 2018 includes the write-off of deferred debt financing costs and unamortized discount of $11.1 million and $2.0 million, respectively, relating to the repayment of all outstanding borrowings under the tranche B term loans. Loss on extinguishment of debt for fiscal 2017 includes the write-off of deferred debt financing costs and unamortized discount of $0.9 million and $0.3 million, respectively, relating to the repayment of all outstanding borrowings under the tranche A term loans. Loss on extinguishment of debt for fiscal 2016 includes the write-off of deferred debt financing costs and unamortized discount of $2.2 million and $0.6 million, respectively, relating to the repayment of $40.1 million aggregate principal amount of our tranche A term loans and $109.9 million aggregate principal amount of our tranche B term loans. (7) Contractual Maturities . As of December 29, 2018, the aggregate contractual maturities of long-term debt are as follows (in thousands): Fiscal Year: 2019 $ — 2020 — 2021 700,000 2022 50,000 2023 — Thereafter 900,000 Total $ 1,650,000 Accrued Interest . At December 29, 2018 and December 30, 2017, accrued interest of $15.6 million and $14.6 million, respectively, is included in accrued expenses in the accompanying consolidated balance sheets.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 29, 2018
Fair Value Measurements
Fair Value Measurements	(8) 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 GAAP, 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, income tax payable 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. (8) The carrying values and fair values of our revolving credit loans, term loans, 4.625% senior notes and 5.25% senior notes as of December 29, 2018 and December 30, 2017 are as follows (in thousands): December 29, 2018 December 30, 2017 Carrying Value Fair Value Carrying Value Fair Value Revolving credit loans $ 50,000 $ 50,000 (1) $ — $ — Tranche B term loans due 2022 — (2) — (2) 647,831 (2) 652,689 (1) 4.625% senior notes due 2021 700,000 684,250 (3) 700,000 710,500 (3) 5.25% senior notes due 2025 $ 903,371 (4) $ 837,877 (3) $ 903,910 (4) $ 919,729 (3) (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 value of the tranche B term loans is net of discount. At December 30, 2017, the face amount of the tranche B term loans was $650.1 million. There are no tranche B term loans outstanding under our credit facility as of December 29, 2018. See Note 7, “Long-Term Debt.” (3) Fair values are estimated based on quoted market prices. (4) The carrying values of the 5.25% senior notes due 2025 include a premium. At December 29, 2018 the face amount of the 5.25% senior note due 2025 was $900.0 million. There was no Level 3 activity during fiscal 2018, 2017 or 2016.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	12 Months Ended
	Dec. 29, 2018
Accumulated Other Comprehensive Loss.
Accumulated Other Comprehensive Loss	(9) The reclassifications from accumulated other comprehensive loss (AOCL) for fiscal 2018, 2017 and 2016 are as follows (in thousands): Amount Reclassified From AOCL Affected Line Item in the December 29, December 30, December 31, Statement Where Net Income Details about AOCL Components 2018 2017 2016 (loss) is Presented Defined benefit pension plan items Amortization of unrecognized prior service cost $ 2 $ 35 $ 44 See (1) below Amortization of unrecognized loss 696 517 454 See (1) below Accumulated other comprehensive loss before tax 698 552 498 Total before tax Tax expense (174) (218) (188) Income tax expense Total reclassification $ 524 $ 334 $ 310 Net of tax (1) These items are included in the computation of net periodic pension cost. See Note 12, “Pension Benefits,” for additional information. (9) Changes in AOCL for fiscal 2018, 2017 and 2016 are as follows (in thousands): Foreign Currency Defined Benefit Translation Pension Plan Items Adjustments Total Balance at January 2, 2016 $ (8,712) $ (3,984) $ (12,696) Other comprehensive income (loss) before reclassifications 1,202 (8,180) (6,978) Amounts reclassified from AOCL 310 — 310 Net current period other comprehensive income (loss) 1,512 (8,180) (6,668) Balance at December 31, 2016 (7,200) (12,164) (19,364) Other comprehensive (loss) income before reclassifications (6,119) 4,393 (1,726) Amounts reclassified from AOCL 334 — 334 Net current period other comprehensive (loss) income (5,785) 4,393 (1,392) Balance at December 30, 2017 (12,985) (7,771) (20,756) Other comprehensive income (loss) before reclassifications 237 (3,507) (3,270) Amounts reclassified from AOCL 524 — 524 Net current period other comprehensive income (loss) 761 (3,507) (2,746) Balance at December 29, 2018 $ (12,224) $ (11,278) $ (23,502)

Income Taxes

Income Taxes	12 Months Ended
	Dec. 29, 2018
Income Taxes
Income Taxes	(10) The components of income before income tax expense consist of the following (in thousands): Fiscal 2018 Fiscal 2017 Fiscal 2016 U.S. $ 217,044 $ 136,015 $ 150,266 Foreign 5,233 12,047 26,800 Total $ 222,277 $ 148,062 $ 177,066 Income tax expense (benefit) consists of the following (in thousands): Fiscal 2018 Fiscal 2017 Fiscal 2016 Current: Federal $ 41,583 $ 3,977 $ 1,993 State 7,775 2,584 1,348 Foreign 1,978 4,563 8,110 Subtotal 51,336 11,124 11,451 Deferred: Federal 3,508 (88,716) 50,587 State (3,190) 10,401 6,229 Foreign (1,812) (2,210) (626) Subtotal (1,494) (80,525) 56,190 Income tax expense (benefit) $ 49,842 $ (69,401) $ 67,641 (10) Income tax expense differs from the expected income tax expense (computed by applying the U.S. federal income tax rate of 21% for fiscal year 2018 and 35% for fiscal years 2017 and 2016 to income before income tax expense) as a result of the following: Fiscal 2018 Fiscal 2017 Fiscal 2016 Expected tax expense 21.0 % 35.0 % 35.0 % Increase (decrease): State income taxes, net of federal income tax benefit 2.9 4.4 2.9 Impact on deferred taxes from changes in state tax rates (1.6) 3.9 1.0 Foreign income taxes 0.8 2.3 2.8 Impact on deferred taxes from U.S. Tax Act 0.3 (90.0) — Permanent differences 0.1 (0.4) (0.1) Foreign tax credit (0.1) (1.6) (3.1) Other (1.0) (0.5) (0.3) Total 22.4 % (46.9) % 38.2 % In the fourth quarter of 2017, as a result of the U.S. Tax Act, we remeasured our U.S. deferred tax assets and liabilities at the lower U.S. corporate income tax rate, which resulted in a discrete tax benefit of approximately $133.3 million. In fiscal 2018, 2017 and 2016, changes in state apportionments or state tax laws impacted our blended state rate, resulting in a state tax benefit in fiscal 2018 of $3.5 million and state tax expense in fiscal 2017 and 2016 of $5.8 million and $1.8 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): December 29, December 30, 2018 2017 Deferred tax assets: Accounts receivable, principally due to allowance $ 24 $ 37 Inventories, principally due to additional costs capitalized for tax purposes 2,090 2,695 Accruals and other liabilities 8,512 6,806 Net operating loss and tax credit carry forwards 4,663 4,462 Subtotal 15,289 14,000 Valuation allowance (961) — Total 14,328 14,000 Deferred tax liabilities: Plant and equipment (18,592) (16,224) Goodwill and other intangible assets (217,811) (222,851) Prepaid expenses and other (8,887) (8,081) Total Net deferred tax liabilities $ (230,962) $ (233,156) 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, a valuation allowance of $1.0 million was recorded during fiscal 2018 to record only the portion of the deferred tax asset that management believes it is more likely than not that we will realize the benefits of these deductible differences. There was no valuation allowance recorded during fiscal 2017 or 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. (10) At December 29, 2018 and December 30, 2017, we had $0.6 million and $0.0 million, respectively, of reserves for uncertain tax positions which represents an increase of $0.6 million in fiscal 2018 for tax positions taken during 2018. Our policy is to classify interest and penalties that result from any income tax uncertainties as income tax expense. At December 29, 2018 we had intangibles of $1,048.7 million for tax purposes, which are amortizable through 2033. 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. Examinations are ongoing in a number of jurisdictions within the United States. In August 2016, our company received notice that the IRS intended to conduct an audit of our 2014 tax year. During the third and fourth quarter of 2016, we provided documents and information to the IRS in response to its questions. During 2017 we closed this audit with no changes. We remain subject to examination in all of our tax jurisdictions until the applicable statutes of limitations expire. As of December 29, 2018, a summary of the tax years that remain subject to examination in our major tax jurisdictions are: United States—Federal 2015 and forward United States—States 2014 and forward Canada 2014 and forward Mexico 2015 and forward U.S. Tax Act . On December 22, 2017, President Trump signed into law the Tax Cuts and Jobs Act, which we refer to as the “U.S. Tax Act.” The U.S. Tax Act provides for significant changes in the U.S. Internal Revenue Code of 1986, as amended. The U.S. Tax Act contains provisions with separate effective dates but is generally effective for taxable years beginning after December 31, 2017. Beginning on January 1, 2018, the U.S. Tax Act lowered the U.S. federal corporate income tax rate from 35% to 21% on our U.S. earnings from that date and beyond. The revaluation of our U.S. deferred tax assets and liabilities to the 21% corporate tax rate reduced our net U.S. deferred income tax liability by approximately $133.3 million and has been reflected as a reduction in our income tax benefit in our results for the fourth quarter ended December 30, 2017. This tax benefit was partially offset by an increase in our blended state rate of approximately $5.8 million and a repatriation expense of $0.9 million. The U.S. Tax Act also limits the deduction for net interest expense incurred by a corporate taxpayer to 30% of the taxpayer’s adjusted taxable income. We were not impacted by this limitation in fiscal 2018, however, we may be limited in 2019 and future years. The U.S. Treasury issued several proposed regulations supplementing the U.S. Tax Act in 2018, including detailed guidance clarifying the calculation of the mandatory tax on previously unrepatriated earnings, application of the existing foreign tax credit rules to newly created categories and expanding details for application of the base erosion tax on affiliate payments. These proposed regulations are intended to be applied retroactively and would not materially impact our 2018 tax rate if finalized in current form. We currently do not expect these regulations to have a material impact on income tax expense upon final adoption. The U.S. Treasury's proposed 2018 regulations also seek to clarify the application of the U.S. Tax Act provisions for the limitation of interest expense, including treatment of depreciation and other deductions in arriving at adjusted taxable income and application of the rules to controlled foreign affiliates. These regulations remain open for comment and are not effective until published in the federal register. As a result, we will monitor their impact to our filing positions and will record the impacts as discrete income tax expense adjustments in the period that the guidance is finalized. (10) The SEC issued guidance on December 23, 2017 providing a one-year measurement period from a registrant’s reporting period that includes the U.S. Tax Act’s enactment date to allow the registrant sufficient time to obtain, prepare and analyze information to complete the accounting required under ASC 740. As of December 29, 2018, we have recorded all known and estimable impacts of the U.S. Tax Act that are effective for fiscal 2018. The ultimate impact of the U.S. Tax Act on our reported results in fiscal 2018 may differ from the estimates provided herein, possibly materially, due to, among other things, changes in interpretations and assumptions we have made, guidance that may be issued, and other actions we may take as a result of the U.S. Tax Act different from that currently contemplated.

Capital Stock

Capital Stock	12 Months Ended
	Dec. 29, 2018
Capital Stock
Capital Stock	(11) 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 17, “Quarterly Financial Data (unaudited),” for dividends declared for each quarter of fiscal 2018 and 2017. 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 . On March 13, 2018, our board of directors authorized a stock repurchase program for the repurchase of up to $50.0 million of our company’s common stock through March 15, 2019. Under the authorization, we may purchase shares of common stock from time to time in the open market or in privately negotiated transactions in compliance with the applicable rules and regulations of the SEC. The timing and amount of stock repurchases under the program will be at the discretion of management, and will depend on available cash, market conditions and other considerations. Therefore, we cannot assure you as to the number or aggregate dollar amount of shares that will be repurchased under the repurchase program. We may discontinue the program at any time. Any shares repurchased pursuant to the repurchase program will be cancelled. During the second quarter of 2018, we repurchased and retired 694,749 shares of common stock at an average price per share (excluding fees and commissions) of $26.65, or $18.5 million in the aggregate. During the fourth quarter of 2018, we repurchased and retired 295,377 shares of common stock at an average price per share (excluding fees and commissions) of $28.39, or $8.4 million in the aggregate. As of December 29, 2018, we had $23.1 million available for future repurchases of common stock under the stock repurchase program. We did not repurchase any shares of common stock during fiscal 2017 or fiscal 2016. See Note 12, “Pension Benefits,” for disclosure relating to shares of our company’s common stock purchased by our defined benefit pension plans. (11) August 2016 Common Stock Offering. On August 12, 2016, we completed an underwritten public offering of 3,750,000 shares of our common stock at a price to the public of $49.00 per share. The proceeds of the offering were $179.9 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 a new shelf registration statement filed with the SEC. We used the net proceeds of the offering to fund a portion of the purchase price for the spices & seasonings acquisition. See Note 3, “Acquisitions and Divestitures.” March 2016 Common Stock Offering . On March 15, 2016, we completed an underwritten public offering of 4,600,000 shares of our common stock at a price to the public of $33.55 per share. The proceeds of the offering were $152.0 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. See Note 7, “Long-Term Debt.”

Pension Benefits

Pension Benefits	12 Months Ended
	Dec. 29, 2018
Pension Benefits
Pension Benefits	(12) As of December 29, 2018, we had four defined benefit pension plans covering approximately 43% 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 December 29, 2018 and December 30, 2017 measurement dates for fiscal 2018 and 2017, respectively, to calculate end of year benefit obligations, fair value of plan assets and annual net periodic benefit cost (in thousands): December 29, December 30, 2018 2017 Change in projected benefit obligation: Projected benefit obligation at beginning of year $ 143,972 $ 70,425 Projected benefit obligation acquired (1) — 50,939 Actuarial (gain) loss (15,126) 14,219 Service cost 7,710 6,334 Interest cost 5,064 4,998 Benefits paid (3,468) (2,943) Projected benefit obligation at end of year 138,152 143,972 Change in plan assets: Fair value of plan assets at beginning of year 124,252 74,397 Fair value of plan assets acquired (1) — 33,000 Actual return on plan assets (6,678) 11,148 Employer contributions 5,600 8,650 Benefits paid (3,468) (2,943) Fair value of plan assets at end of year 119,706 124,252 Net amount recognized: Other assets 805 1,135 Other long-term liabilities (19,251) (20,857) Funded status at the end of the year (18,446) (19,722) Amount recognized in accumulated other comprehensive loss consists of: Prior service cost — (2) Actuarial loss (19,786) (20,799) Deferred taxes 7,562 7,816 Accumulated other comprehensive loss $ (12,224) $ (12,985) (1) Relates to the spices & seasonings acquisition, discussed below in this Note 12. (12) The accumulated benefit obligations of these plans were $129.4 million and $134.4 million at December 29, 2018 and December 30, 2017, respectively. The following information is presented for those plans with an accumulated benefit obligation in excess of plan assets (in thousands): December 29, December 30, 2018 2017 Accumulated benefit obligation $ 54,601 $ 59,010 Fair value of plan assets $ 40,935 $ 39,956 The amounts in accumulated other comprehensive loss that are expected to be recognized as components of net periodic benefit cost in fiscal 2018 are as follows (in thousands): Fiscal 2018 Prior service cost $ — Actuarial loss 858 Total $ 858 December 29, December 30, 2018 2017 Weighted-average assumptions: Discount rate 4.08 - 4.18 % 3.45 - 3.56 % Rate of compensation increase 3.00 % 3.00 % Expected long-term rate of return 6.50 % 6.50 % The discount rate used to determine year-end fiscal 2018 and fiscal 2017 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 pension cost includes the following components (in thousands): Fiscal 2018 Fiscal 2017 Fiscal 2016 Service cost—benefits earned during the period $ 7,710 $ 6,334 $ Interest cost on projected benefit obligation 5,064 4,998 Expected return on plan assets (8,134) (7,041) Amortization of unrecognized prior service cost 2 35 Amortization of unrecognized loss 696 517 454 Net periodic pension cost $ 5,338 $ 4,843 $ 2,106 (12) As a result of adopting the ASU issued by the FASB in March 2017, that improves the presentation of net periodic pension cost and net periodic post-retirement benefit cost, we have reclassified net periodic pension cost, excluding service cost, out of selling, general and administrative expenses and into other income on our consolidated statements of operations in the amount of $2.4 million, $1.5 million and $1.2 million for fiscal 2018, 2017 and 2016, respectively. The asset allocation for our pension plans at the end of fiscal 2018 and fiscal 2017, and the target allocation for fiscal 2018, 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 Target December 29, December 30, Asset Category Allocation 2018 2017 Equity securities 75 % 65 % 68 % Fixed income securities 25 % 31 % 28 % Other — % 4 % 4 % Total 100 % 100 % 100 % 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 December 29, 2018 and December 30, 2017, utilizing the fair value hierarchy discussed in Note 8, “Fair Value Measurements” follow (in thousands): December 29, 2018 December 30, 2017 Level 1 Levels 2 & 3 Level 1 Levels 2 & 3 Asset Category Cash $ 4,235 $ — $ 5,655 $ — Equity securities: U.S. mutual funds 43,645 — 52,058 — Foreign mutual funds 14,678 — 9,143 — U.S. common stocks 19,031 — 10,465 — Foreign common stocks 511 — 12,481 — Fixed income securities: U.S. mutual funds 37,606 — 34,450 — Total $ 119,706 $ — $ 124,252 $ — 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 $19.0 million of U.S. common stocks in the investment portfolio at the end of fiscal 2018, $11.5 million was invested in B&G Foods’ common stock. Of the $10.5 million of U.S. common stocks in the investment portfolio at the end of fiscal 2017, $5.8 million was invested in B&G Foods’ common stock. (12) Information about the expected cash flows for the pension plan follows (in thousands): Pension Payments Benefit payments: 2019 $ 3,845 2020 4,187 2021 4,601 2022 5,125 2023 5,514 2024 to 2028 35,511 We currently do not anticipate making any contributions to our pension plans in fiscal 2019. We also sponsor defined contribution plans covering substantially all of our employees. Employees may contribute to these plans and these contributions are matched by us at varying amounts. Contributions for the matching component of these plans amounted to $1.7 million for fiscal 2018, $1.6 million for fiscal 2017 and $1.1 million for fiscal 2016. During the second quarter of 2018, our defined benefit pension plans purchased 227,667 shares of our company’s common stock at an average price per share (excluding fees and commissions) of $28.27, or $6.4 million in the aggregate. 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. 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. B&G Foods made contributions to the plan of $0.8 million, $0.9 million and $0.8 million, in fiscal 2018, 2017 and 2016, respectively. In each of fiscal 2018, 2017 and 2016, we paid less than $0.1 million in surcharges and expect to pay surcharges of less than $0.1 million in fiscal 2019 assuming consistent hours are worked. These contributions represented less than five percent of total contributions made to the plan. Spices & Seasonings Acquisition. In connection with the spices & seasonings acquisition, we agreed to and did establish a defined benefit plan for certain employees transferred to us and certain former employees of the acquired spices & seasonings business. We also agreed to and did assume certain liabilities relating to the underfunded status of the former plan that such employees participated in prior to the acquisition. At December 31, 2016, we recognized an initial $17.5 million in “other liabilities” in the accompanying consolidated balance sheet to reflect our obligations with respect to the underfunded status of the defined benefit plan assets and liabilities transferred to us, and during fiscal 2017 we adjusted that amount to $17.9 million, which consists of a projected benefit obligation of $50.9 million and fair value of plan assets of $33.0 million.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 29, 2018
Commitments and Contingencies
Commitments and Contingencies	(13) Operating Leases . We have several noncancelable operating leases, primarily for our corporate headquarters, certain 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 $13.1 million, $12.4 million and $9.1 million, for fiscal 2018, 2017 and 2016, respectively. As of December 29, 2018, 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 were as follows (in thousands): Fiscal year ending: 2019 $ 12,298 2020 10,953 2021 8,991 2022 4,733 2023 4,784 Thereafter 8,445 Total $ 50,204 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. Environmental. We are subject to environmental laws and regulations in the normal course of business. We did not make any material expenditures during fiscal 2018, 2017 or 2016 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 December 29, 2018, approximately 1,626 of our 2,675 employees, or 61%, were covered by collective bargaining agreements. The collective bargaining agreement covering our Brooklyn facility, which covers approximately 80 employees, is the only collective bargaining agreement expiring in the next twelve months. 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 our Brooklyn facility on terms satisfactory to us, or at all, and without production interruptions, including labor stoppages. At this time, however, management does not expect that the outcome of these negotiations will have a material adverse impact on our business, financial condition or results of operations. Severance and Change of Control Agreements. We have employment agreements with each of our 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.

Incentive Plans

Incentive Plans	12 Months Ended
	Dec. 29, 2018
Incentive Plans
Incentive Plans	(14) 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. Threshold performance objectives were not attained for fiscal 2018 or 2017 and therefore accrued expenses in the accompanying consolidated balance sheets do not include an accrual for the annual bonus plan at December 29, 2018 or December 30, 2017. 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 Omnibus Plan. Our stockholders approved the Omnibus Plan at our annual meeting on May 6, 2008. Our stockholders reapproved the material terms of the performance goals in our Omnibus Plan at our annual meeting on May 16, 2013. Upon the recommendation of our compensation committee, our board of directors in March 2017 approved (subject to stockholder approval) the amendment and restatement of the Omnibus Plan, renamed the Omnibus Incentive Compensation Plan. Our stockholders approved the amended and restated Omnibus Plan, including the materials terms of the performance goals, at our annual meeting on May 23, 2017. The 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. The total number of shares available for issuance under the Omnibus Plan is 4,500,000, of which 2,274,515 were available for future issuance as of December 29, 2018. Some of those shares are subject to outstanding performance share 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 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. (14) The following table details the activity in our performance share LTIAs for fiscal 2018: Weighted Average Number of Grant Date Fair Value Performance Shares (1) (per share) (2) Beginning of fiscal 2018 437,218 $ 29.36 Granted 242,436 $ 21.39 Vested (150,255) $ 23.84 Forfeited (20,082) $ 26.86 End of fiscal 2018 509,317 $ 27.30 (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. Stock Options. The following table details our stock option activity for fiscal 2018: Weighted Weighted Average Average Contractual Life Aggregate Options Exercise Price Remaining (Years) Intrinsic Value Outstanding at beginning of fiscal 2018 832,569 $ 33.45 Granted 397,864 $ 27.00 Exercised (1,787) $ 27.77 Forfeited (33,515) $ 30.66 Cancelled (1,026) $ 27.77 Outstanding at end of fiscal 2018 1,194,105 $ 31.40 7.46 $ 986 Exercisable at end of fiscal 2018 531,316 $ 31.36 6.15 $ 149 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 for the expected term of the option is based on the U.S. Treasury implied yield at the date of grant. 2018 2017 Weighted average grant date fair value $ 3.74 $ 7.29 Expected volatility 30.6% - 31.7% 27.5% - 29.2% Expected term 5.5 - 6.5 years 5.5 - 6.5 years Risk-free interest rate 2.6% - 2.8% 1.8% - 2.4% Dividend yield 6.7% - 8.1% 4.5% - 5.22% (14) Non-Employee Director Grants. Each of our non-employee directors receives an annual grant of common stock as part of his or her non-employee director compensation. These shares fully vest when issued. In addition, each of our non-employee directors is given the option to receive all or a portion of his or her annual board service fee in cash or an equivalent amount of stock options. Such stock options are reflected in the information provided above under “ Stock Options. ” The following table details the number of shares of common stock issued by our company during fiscal 2018, 2017 and 2016 upon the vesting of performance share long-term incentive awards and for non-employee director annual equity grants and other share based compensation: December 29, December 30, December 31, 2018 2017 2016 Number of performance shares vested 150,255 110,528 101,094 Shares withheld to fund statutory minimum tax withholding 57,298 42,368 37,596 Shares of common stock issued for performance share LTIAs 92,957 68,160 63,498 Shares of common stock issued upon the exercise of stock options 1,787 4,011 — Shares of common stock issued to non-employee directors for annual equity grants 35,039 20,559 16,072 Total shares of common stock issued 129,783 92,730 79,570 Excess tax benefit $ — $ — $ 343 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 2018 Fiscal 2017 Fiscal 2016 Compensation expense included in cost of goods sold $ 1,236 $ 1,203 $ 1,060 Compensation expense included in selling, general and administrative expenses 1,789 3,412 4,738 Total compensation expense for share-based payments $ 3,025 $ 4,615 $ 5,798 As of December 29, 2018, we currently do not have any unrecognized compensation expense related to performance share LTIAs, as threshold performance objectives are not expected to be attained for the 2017 to 2019 performance share LTIAs or the 2018 to 2020 performance share LTIAs. As of December 29, 2018, there was $1.2 million of unrecognized compensation expense related to stock options, which is expected to be recognized over the next three fiscal years.

Net Sales by Brand

Net Sales by Brand	12 Months Ended
	Dec. 29, 2018
Net Sales by Brand
Net Sales by Brand	(15) The following table sets forth net sales by brand (in thousands): Fiscal 2018 Fiscal 2017 (2) Fiscal 2016 (2) Brand (1) : Green Giant - frozen $ 372,696 $ 330,004 $ 294,963 Spices & Seasonings (3) 255,965 259,196 28,171 Ortega 141,265 137,276 140,248 Green Giant - shelf stable (4) 107,476 120,541 153,636 Pirate Brands (5) 74,853 87,705 82,865 Back to Nature (6) 69,704 20,283 — Maple Grove Farms of Vermont 68,048 67,987 72,525 Cream of Wheat 62,520 60,833 61,661 Mrs. Dash 58,676 59,816 60,388 All other brands 489,561 502,746 477,850 Total $ 1,700,764 $ 1,646,387 $ 1,372,307 (1) Table includes net sales for each of our brands whose fiscal 2018 net sales equaled or exceeded 3% of our total fiscal 2018 net sales and for all other brands in the aggregate. Net sales for each brand includes branded net sales and, if applicable, any private label and foodservice net sales attributable to the brand. (2) Net sales for fiscal 2017 and 2016 have been adjusted to reflect our retrospective adoption of the new revenue recognition standard. See Note 2, “Summary of Significant Accounting Policies — Newly Adopted Accounting Standards. ” (3) Includes net sales for multiple brands acquired as part of the spices & seasonings acquisition that we completed on November 21, 2016. Does not include net sales for Mrs. Dash and our other legacy spices & seasonings brands. (4) Does not include net sales of the Le Sueur brand. Net sales of the Le Sueur brand are included below in “All other brands.” (5) We completed the Pirate Brands sale on October 17, 2018. See Note 3, “Acquisitions and Divestitures.” (6) We completed the Back to Nature acquisition on October 2, 2017. See Note 3, “Acquisitions and Divestitures.”

Restructuring

Restructuring	12 Months Ended
	Dec. 29, 2018
Restructuring
Restructuring	(16) During fiscal 2016, we closed our Spartanburg, South Carolina manufacturing and warehouse facilities and moved our Mama Mary’s operations to our manufacturing facility in Yadkinville, North Carolina. This decision was consistent with our ongoing efforts to reduce excess production capacity, improve productivity and operating efficiencies and reduce overall costs. In connection with the restructuring, we recorded a charge for employee severance and other employee costs of approximately $0.8 million during the third quarter of 2016 and a non-cash write-off of equipment of approximately $0.3 million during the fourth quarter of 2016. There were no restructuring expenses during fiscal 2017 or 2018.

Quarterly Financial Data (unaud

Quarterly Financial Data (unaudited)	12 Months Ended
	Dec. 29, 2018
Quarterly Financial Data (unaudited)
Quarterly Financial Data (unaudited)	(17) First Second Third Fourth Quarter Quarter Quarter Quarter (in thousands, expect per share data) Net sales 2018 $ 431,729 $ 388,378 $ 422,602 $ 458,055 2017 (1) $ 412,307 $ 361,676 $ 406,051 $ 466,353 Gross profit 2018 $ 103,356 $ 81,173 $ 115,039 $ 49,932 2017 (1) $ 121,219 $ 104,557 $ 120,942 $ 93,860 Net income 2018 $ 20,547 $ 7,976 $ 31,988 $ 111,924 2017 $ 32,764 $ 22,061 $ 32,730 $ 129,908 Basic earnings per share 2018 $ 0.31 $ 0.12 $ 0.49 $ 1.70 2017 $ 0.49 $ 0.33 $ 0.49 $ 1.95 Diluted earnings per share 2018 $ 0.31 $ 0.12 $ 0.48 $ 1.70 2017 $ 0.49 $ 0.33 $ 0.49 $ 1.95 Cash dividends declared per share 2018 $ 0.465 $ 0.475 $ 0.475 $ 0.475 2017 $ 0.465 $ 0.465 $ 0.465 $ 0.465 (1) Net sales and gross profit have been adjusted as a result of our retrospective adoption of the new accounting standard relating to revenue recognition for each of the quarters in fiscal 2017. See Note 2, “Summary of Significant Accounting Policies – Newly Adopted Accounting Standards ” for detailed information. 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
	Dec. 29, 2018
Guarantor and Non-Guarantor Financial Information
Guarantor and Non-Guarantor Financial Information	(18) As further discussed in Note 7, “Long-Term Debt,” our obligations under the 4.625% senior notes and the 5.25% 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 as the guarantor subsidiaries. Our foreign subsidiaries, which we refer to in this note as the non-guarantor subsidiaries, do not guarantee the 4.625% senior notes or the 5.25% senior notes. The following condensed consolidating financial information presents the condensed consolidating balance sheet as of December 29, 2018 and December 30, 2017, the related condensed consolidating statement of operations for the fiscal years ended December 29, 2018 and December 30, 2017, and the related condensed consolidating statement of cash flows for the fiscal years ended December 29, 2018 and December 30, 2017, for: 1. 2. 3. 4. (18) 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 December 29, 2018 (In thousands) Guarantor Non-Guarantor Parent Subsidiaries Subsidiaries Eliminations Consolidated Assets Current Assets: Cash and cash equivalents $ — $ 9,871 $ 1,777 $ — $ 11,648 Trade accounts receivable, net — 140,464 11,243 — 151,707 Inventories, net — 332,774 68,581 — 401,355 Prepaid expenses and other current assets — 15,995 3,993 — 19,988 Income tax receivable — — 1,398 — 1,398 Total current assets — 499,104 86,992 — 586,096 Property, plant and equipment, net — 238,128 44,425 — 282,553 Goodwill — 584,435 — — 584,435 Other intangibles, net — 1,595,569 — — 1,595,569 Other assets — 1,193 13 — 1,206 Deferred income taxes — — 4,940 — 4,940 Investments in subsidiaries 2,584,598 93,069 — (2,677,667) — Total assets $ 2,584,598 $ 3,011,498 $ 136,370 $ (2,677,667) $ 3,054,799 Liabilities and Stockholders' Equity Current Liabilities: Trade accounts payable $ — $ 115,946 $ 24,054 $ — $ 140,000 Accrued expenses — 53,386 2,274 — 55,660 Income tax payable — 31,247 377 — 31,624 Dividends payable 31,178 — — — 31,178 Intercompany payables — (16,581) 16,581 — — Total current liabilities 31,178 183,998 43,286 — 258,462 Long-term debt 1,653,371 (17,490) — — 1,635,881 Other liabilities — 24,490 15 — 24,505 Deferred income taxes — 235,902 — — 235,902 Total liabilities 1,684,549 426,900 43,301 — 2,154,750 Stockholders' Equity: Preferred stock — — — — — Common stock 656 — — — 656 Additional paid-in capital 116,339 1,803,769 68,253 (1,872,022) 116,339 Accumulated other comprehensive loss (23,502) (23,502) (11,279) 34,781 (23,502) Retained earnings 806,556 804,331 36,095 (840,426) 806,556 Total stockholders’ equity 900,049 2,584,598 93,069 (2,677,667) 900,049 Total liabilities and stockholders’ equity $ 2,584,598 $ 3,011,498 $ 136,370 $ (2,677,667) $ 3,054,799 (18) Condensed Consolidating Balance Sheet As of December 30, 2017 (In thousands) Guarantor Non-Guarantor Parent Subsidiaries Subsidiaries Eliminations Consolidated Assets Current Assets: Cash and cash equivalents $ — $ 204,815 $ 1,691 $ — $ 206,506 Trade accounts receivable, net — 129,769 11,623 — 141,392 Inventories, net — 428,613 73,236 — 501,849 Prepaid expenses and other current assets — 15,932 4,122 — 20,054 Income tax receivable — 16,259 535 — 16,794 Total current assets — 795,388 91,207 — 886,595 Property, plant and equipment, net — 229,219 42,973 — 272,192 Goodwill — 649,292 — — 649,292 Other intangibles, net — 1,748,220 — — 1,748,220 Other assets — 1,603 14 — 1,617 Deferred income taxes — (1) 3,123 — 3,122 Investments in subsidiaries 3,163,482 91,766 — (3,255,248) — Total assets $ 3,163,482 $ 3,515,487 $ 137,317 $ (3,255,248) $ 3,561,038 Liabilities and Stockholders' Equity Current Liabilities: Trade accounts payable $ — $ 102,594 $ 19,764 $ — $ 122,358 Accrued expenses — 45,586 2,481 — 48,067 Income tax payable — — 139 — 139 Dividends payable 30,922 — — — 30,922 Intercompany payables — (23,167) 23,167 — — Total current liabilities 30,922 125,013 45,551 — 201,486 Long-term debt 2,251,741 (34,167) — — 2,217,574 Other liabilities — 24,881 — — 24,881 Deferred income taxes — 236,278 — — 236,278 Total liabilities 2,282,663 352,005 45,551 — 2,680,219 Stockholders' Equity: Preferred stock — — — — — Common stock 665 — — — 665 Additional paid-in capital 266,789 2,552,342 68,253 (2,620,595) 266,789 Accumulated other comprehensive loss (20,756) (20,756) (7,771) 28,527 (20,756) Retained earnings 634,121 631,896 31,284 (663,180) 634,121 Total stockholders’ equity 880,819 3,163,482 91,766 (3,255,248) 880,819 Total liabilities and stockholders’ equity $ 3,163,482 $ 3,515,487 $ 137,317 $ (3,255,248) $ 3,561,038 (18) Condensed Consolidating Statements of Operations and Comprehensive Income Fiscal Year Ended December 29, 2018 (In thousands) Guarantor Non-Guarantor Parent Subsidiaries Subsidiaries Eliminations Consolidated Net sales $ — $ 1,609,650 $ 195,593 $ (104,479) $ 1,700,764 Cost of goods sold — 1,272,381 183,362 (104,479) 1,351,264 Gross profit — 337,269 12,231 — 349,500 Operating expenses: Selling, general and administrative expenses — 160,392 6,997 — 167,389 Amortization expense — 18,343 — — 18,343 Gain on sale of assets — (176,386) — — (176,386) Operating income — 334,920 5,234 — 340,154 Other income and expenses: Interest expense, net — 108,334 — — 108,334 Loss on extinguishment of debt — 13,135 — — 13,135 Other income — (3,592) — — (3,592) Income before income tax expense — 217,043 5,234 — 222,277 Income tax expense — 49,419 423 — 49,842 Equity in earnings of subsidiaries 172,435 4,811 — (177,246) — Net income $ 172,435 $ 172,435 $ 4,811 $ (177,246) $ 172,435 Comprehensive income (loss) $ 169,689 $ 171,674 $ 1,304 $ (172,978) $ 169,689 Condensed Consolidating Statements of Operations and Comprehensive Income Fiscal Year Ended December 30, 2017 (In thousands) Guarantor Non-Guarantor Parent Subsidiaries Subsidiaries Eliminations Consolidated Net sales (1) $ — $ 1,557,328 $ 176,694 $ (87,635) $ 1,646,387 Cost of goods sold — 1,141,080 152,364 (87,635) 1,205,809 Gross profit (1) — 416,248 24,330 — 440,578 Operating expenses: Selling, general and administrative expenses (1) — 171,165 12,283 — 183,448 Amortization expense — 17,611 — — 17,611 Loss on sale of assets (1) — 1,608 — — 1,608 Operating income (1) — 225,864 12,047 — 237,911 Other income and expenses: Interest expense, net — 91,784 — — 91,784 Loss on extinguishment of debt — 1,163 — — 1,163 Other income (1) — (3,098) — — (3,098) Income before income tax expense — 136,015 12,047 — 148,062 Income tax expense — (71,682) 2,281 — (69,401) Equity in earnings of subsidiaries 217,463 9,766 — (227,229) — Net income $ 217,463 $ 217,463 $ 9,766 $ (227,229) $ 217,463 Comprehensive income (loss) $ 216,071 $ 223,248 $ 14,158 $ (237,406) $ 216,071 (1) Net sales, gross profit, selling, general and administrative expenses, operating income and other income have been adjusted as a result of our retrospective adoption of new accounting standards relating to revenue recognition and the presentation of net periodic pension cost and net periodic post-retirement benefit cost. We also reclassified a $1.6 million pre-tax loss on sale of assets for fiscal 2017 from selling, general and administrative expenses to loss on sale of assets. The adjustments described above had no impact on net income or earnings per share. See Note 2(s), “Summary of Significant Accounting Policies — Recently Issued Accounting Standards ” to our consolidated financial statements for detailed information. (18) Condensed Consolidating Statement of Cash Flows Fiscal Year Ended December 29, 2018 (In thousands) Guarantor Non-Guarantor Parent Subsidiaries Subsidiaries Eliminations Consolidated Net cash provided by operating activities $ — $ 197,094 $ 12,362 $ — $ 209,456 Cash flows from investing activities: Capital expenditures — (34,503) (7,124) — (41,627) Proceeds from sale of assets — 420,002 — — 420,002 Payments for acquisition of businesses, net of cash acquired — (30,787) — — (30,787) Net cash provided by (used in) investing activities — 354,712 (7,124) — 347,588 Cash flows from financing activities: Repayments of long-term debt (650,110) — — — (650,110) Repayments of borrowings under revolving credit facility (170,000) — — — (170,000) Borrowings under revolving credit facility 220,000 — — — 220,000 Proceeds from issuance of common stock, net 60 — — — 60 Dividends paid (124,524) — — — (124,524) Payments for the repurchase of common stock, net (26,920) — — — (26,920) Payments of tax withholding on behalf of employees for net share settlement of share-based compensation — (1,833) — — (1,833) Intercompany transactions 751,494 (744,918) (6,576) — — Net cash used in financing activities — (746,751) (6,576) — (753,327) Effect of exchange rate fluctuations on cash and cash equivalents — — 1,425 1,425 Net (decrease) increase in cash and cash equivalents — (194,945) 87 — (194,858) Cash and cash equivalents at beginning of year — 204,815 1,691 — 206,506 Cash and cash equivalents at end of year $ — $ 9,870 $ 1,778 $ — $ 11,648 Condensed Consolidating Statement of Cash Flows Fiscal Year Ended December 30, 2017 (In thousands) Guarantor Non-Guarantor Parent Subsidiaries Subsidiaries Eliminations Consolidated Net cash provided by operating activities $ — $ 44,762 $ (6,963) $ — $ 37,799 Cash flows from investing activities: Capital expenditures — (47,503) (12,299) — (59,802) Proceeds from sale of assets — 2,229 — — 2,229 Payments for acquisition of businesses, net of cash acquired — (162,965) — — (162,965) Net cash used in investing activities — (208,239) (12,299) — (220,538) Cash flows from financing activities: Repayments of long-term debt (233,640) — — — (233,640) Proceeds from issuance of long-term debt 914,000 — — — 914,000 Repayments of borrowings under revolving credit facility (571,000) — — — (571,000) Borrowings under revolving credit facility 395,000 — — — 395,000 Proceeds from issuance of common stock, net 112 — — — 112 Dividends paid (123,631) — — — (123,631) Payments of tax withholding on behalf of employees for net share settlement of share-based compensation — (1,962) — — (1,962) Debt financing costs — (19,543) — — (19,543) Intercompany transactions (380,841) 364,678 16,163 — — Net cash provided by financing activities — 343,173 16,163 — 359,336 Effect of exchange rate fluctuations on cash and cash equivalents — — 1,076 — 1,076 Net increase (decrease) in cash and cash equivalents — 179,696 (2,023) — 177,673 Cash and cash equivalents at beginning of year — 25,119 3,714 — 28,833 Cash and cash equivalents at end of year $ — $ 204,815 $ 1,691 $ — $ 206,506

Subsequent Event

Subsequent Event	12 Months Ended
	Dec. 29, 2018
Subsequent Event.
Subsequent Event	(19) Workforce Reduction . In February 2019, we implemented a reduction in workforce. On a pre-tax basis, we expect that the reduction in workforce will save our company an estimated $4.0 million on an annualized basis. We expect to record severance and related charges of approximately $1.9 million. Substantially all of these charges will result in cash payments. These payments will primarily be made during the first quarter of 2019 but a relatively small portion will continue through the first quarter of 2020. Leadership Appointments and Retirement . On February 25, 2019, our board of directors made the following appointments, each effective as of March 11, 2019: Erich A. Fritz to the position of Executive Vice President and Chief Supply Chain Officer, Jordan E. Greenberg to the position of Executive Vice President and Chief Commercial Officer and Ellen M. Schum to the position of Executive Vice President and Chief Customer Officer. Mr. Greenberg currently serves as our Vice President and General Manager – Green Giant and Ms. Schum currently serves as our Vice President of U.S. Retail Sales. Mr. Fritz is new to our company and will join us on the effective date of his appointment. On February 25, 2019, we also entered into a retirement agreement with Vanessa E. Maskal, our Executive Vice President of Sales and Marketing, regarding the terms of her retirement on April 5, 2019. The retirement and other benefits payable to Ms. Maskal pursuant to the retirement agreement are included in the estimated charges set forth above under “ Workforce Reduction .”

Schedule II Schedule of Valuati

Schedule II Schedule of Valuation and Qualifying Accounts	12 Months Ended
	Dec. 29, 2018
Schedule II Schedule of Valuation and Qualifying Accounts
Schedule II Schedule of Valuation and Qualifying Accounts	Schedule II B&G FOODS, INC. AND SUBSIDIARIES Schedule of Valuation and Qualifying Accounts (In thousands) Column A Column B Column C Column D Column E Additions Balance at Charged to Charged to beginning of costs and other accounts— Deductions— Balance at Description year expenses describe describe end of year Fiscal year ended December 31, 2016: Allowance for doubtful accounts and discounts $ 1,167 $ 559 — $ 7 (a) $ 1,719 Fiscal year ended December 30, 2017: Allowance for doubtful accounts and discounts $ 1,719 $ — $ (a) $ 1,824 Fiscal year ended December 29, 2018: Allowance for doubtful accounts and discounts $ 1,824 $ 65 — $ 38 (a) $ 1,851 (a) Represents bad-debt write-offs.

Summary of Significant Accounti

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 29, 2018
Summary of Significant Accounting Policies
Basis of Presentation	(a) 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. See (r) “ Newly Adopted Accounting Standard s ,” below, for further details.
Use of Estimates	(b) The preparation of financial statements in accordance with generally accepted accounting principles in the United States (GAAP) 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 revenue recognition as it relates to 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) We have evaluated subsequent events for disclosure through the date of issuance of the accompanying consolidated financial statements.
Cash and Cash Equivalents	(d) 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.
Inventories	(e) Inventories are stated at the lower of cost or net realizable value and include direct material, direct labor, overhead, warehousing and product transfer costs. Cost is determined using the first-in, first-out and average cost methods. Inventories have been reduced by an allowance for excess, obsolete and unsaleable inventories. The allowance is an estimate based on our management’s review of inventories on hand compared to estimated future usage and sales.
Property, Plant and Equipment	(f) 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 2018, 2017 and 2016, we capitalized $1.1 million, $1.0 million and $0.5 million, respectively.
Goodwill and Other Intangible Assets	(g) 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 2018, 2017 and 2016 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. During fiscal 2017, we sold to a third-party co-packer our Le Sueur, Minnesota research center, including the seed technology assets, property, plant and equipment, which we acquired as part of the Green Giant acquisition, resulting in a $1.6 million pre-tax loss on sale of assets.
Deferred Debt Financing Costs	(h) Debt financing costs are capitalized and amortized over the term of the related debt agreements and are included as a reduction of long-term debt. Amortization of deferred debt financing costs for fiscal 2018, 2017 and 2016 was $5.3 million, $5.4 million and $4.9 million, respectively.
Long-Lived Assets	(i) 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	(j) 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	(k) Revenues are recognized when our performance obligation is satisfied. Our primary performance obligation is satisfied 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. Additionally, as a result of the newly adopted revenue recognition standard, certain payments to customers related to in-store display incentives, or marketing development funds, are also recorded as a reduction of sales. See (r) “ Newly Adopted Accounting Standards ,” below, for further details regarding the newly adopted revenue recognition standard.
Selling, General and Administrative Expenses	(l) 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 $15.9 million, $22.7 million and $26.0 million, for fiscal 2018, 2017 and 2016, respectively.
Pension Plans	(m) We have defined benefit pension plans covering approximately 43% 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	(n) 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 statements of operations 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. (2) Summary of Significant Accounting Policies (Continued) 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 and have a 10-year term. Employee stock options cliff vest three years after the date of grant and non-employee director stock options vest one year after 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	(o) 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. See Note 10, “Income Taxes,” for a discussion of the Tax Cuts and Jobs Act enacted in December 2017, which we refer to in this report as the “U.S. Tax Act.” 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	(p) 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	(q) 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 Fiscal Fiscal 2018 2017 2016 (in thousands, except share and per share data) Net income $ 172,435 $ 217,463 $ 109,425 Weighted average common shares outstanding: Basic 66,144,703 66,487,403 63,202,900 Net effect of potentially dilutive share-based compensation awards (1) 109,851 219,060 216,892 Diluted 66,254,554 66,706,463 63,419,792 Earnings per share: Basic $ 2.61 $ 3.27 $ 1.73 Diluted $ 2.60 $ 3.26 $ 1.73 (1) For fiscal 2018, 2017 and 2016, outstanding stock options of 1,091,478, 348,894 and 22,692, respectively, were excluded from diluted earnings per share as their effect was antidilutive.
Newly Adopted and Recently Issued Accounting Standards	(r) In March 2017, the Financial Accounting Standards Board (FASB) issued a new accounting standards update (ASU) that improves the presentation of net periodic pension cost and net periodic post-retirement benefit cost. The new guidance revises how employers that sponsor defined benefit pension and other post-retirement plans present the net periodic benefit cost in their income statement and requires that the service cost component of net periodic benefit cost be presented in the same income statement line items as other employee compensation costs from services rendered during the period and present the other components of net periodic pension cost below operating profit. The update was effective beginning with the first quarter of fiscal 2018. We adopted this standard retrospectively as of the first quarter of fiscal 2018. The adoption of this ASU did not have any impact on our consolidated financial position, results of operations or liquidity, but did require a reclassification among selling, general and administrative expenses and other income on our consolidated statements of operations. In May 2014, the FASB issued guidance on revenue recognition, with final guidance issued in 2016. The guidance provides for a five-step model to determine the revenue to be recognized from the transfer of goods or services to customers. The guidance also requires improved disclosures to help users of the financial statements better understand the nature, amount, timing and uncertainty of revenue and cash flows relating to customer contracts. It also provides clarification for principal versus agent considerations, identifying performance obligations and the accounting of intellectual property licenses. In addition, the FASB introduced practical expedients related to disclosures of remaining performance obligations, as well as other amendments to guidance on collectability, non-cash consideration and the presentation of sales and other similar taxes. (2) Summary of Significant Accounting Policies (Continued) We adopted this guidance and related amendments as of the first quarter of fiscal 2018, applying the full retrospective transition method to all contracts. We concluded that the adoption of this standard primarily affected our policies and estimation methodologies of variable consideration associated with rebates and bill-backs, product returns and cash discounts. The provisions of the new standard did not impact the timing of revenue recognition but did impact the classification of certain payments to customers, moving an immaterial amount of such payments from expense to a deduction from net sales. Our sales predominantly contain a single performance obligation and revenue is recognized at a single point in time when ownership, risks and rewards transfer. Typically, this occurs when the goods are shipped to the customer. Revenues are recognized in an amount that reflects the net consideration we expect to receive in exchange for the goods. 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. Under the new revenue guidance, we recognize our shipping and handling activities as a fulfillment of our promise to transfer products to our customers. We promote our products with advertising, consumer incentives and trade promotions. These programs include discounts, slotting fees, coupons, rebates, in-store display incentives and volume-based incentives. Customer trade promotion and consumer incentive activities are recorded as a reduction to the sale price based on amounts estimated as being due to customers and consumers at the end of a period. We derive these estimates principally on historical utilization and redemption rates. Payment terms in our invoices are based on the billing schedule established in our contracts or purchase orders with customers. We generally recognize the related trade receivable when the goods are shipped. In certain cases, we require a payment in advance of performance when the customer’s credit has not been established. We record these revenues as a contract liability; however, these amounts have historically been immaterial. The below tables set forth the adjustments to net sales, gross profit, selling, general and administrative expenses, operating income and other income during fiscal 2017 and 2016 as a result of the newly adopted revenue recognition standard and newly adopted presentation of net periodic pension cost and net periodic post-retirement benefit cost (in thousands, except per share data). Fiscal 2017 As Reported Impact of Revenue Adoption Impact of Pension Adoption Reclassification of Loss on Sale of Assets As Adjusted Net sales $ 1,668,056 $ (21,669) $ — $ — $ 1,646,387 Cost of goods sold 1,205,809 — — — 1,205,809 Gross profit 462,247 (21,669) — — 440,578 Selling, general and administrative expenses 205,234 (21,669) 1,491 (1,608) 183,448 Loss on sale of assets — — — 1,608 1,608 Operating income 239,402 — (1,491) — 237,911 Other income (1,607) — (1,491) — (3,098) Net income $ 217,463 $ — $ — $ — $ 217,463 Earnings per share: Basic $ 3.27 $ — $ — $ — $ 3.27 Diluted $ 3.26 $ — $ — $ — $ 3.26 (2) Summary of Significant Accounting Policies (Continued) Fiscal 2016 As Reported Impact of Revenue Adoption Impact of Pension Adoption As Adjusted Net sales $ 1,391,257 $ (18,950) $ — $ 1,372,307 Cost of goods sold 943,295 — — 943,295 Gross profit 447,962 (18,950) — 429,012 Selling, general and administrative expenses 174,759 (18,950) 1,219 157,028 Operating income 253,995 — (1,219) 252,776 Other income (363) — (1,219) (1,582) Net income $ 109,425 $ — $ — $ 109,425 Basic and diluted earnings per share $ 1.73 $ — $ — $ 1.73 In January 2017, the FASB issued a new ASU that clarifies the definition of a business with the objective of adding guidance to assist companies with evaluating whether transactions should be accounted for as acquisitions or disposals of assets or businesses. The definition of a business may affect many areas of accounting, including acquisitions, disposals, goodwill and consolidation. The ASU is applied on a prospective basis and was effective for fiscal years beginning after December 15, 2017. We adopted this standard as of the first quarter of fiscal 2018, and there was no material impact to our consolidated financial statements. We applied this ASU while evaluating whether McCann’s , acquired on July 16, 2018, and Pirate Brands, sold on October 17, 2018, met the definition of a business. See Note 3, “Acquisitions and Divestitures.” In August 2016, the FASB issued a new ASU to provide guidance on eight specific cash flow classification issues and reduce diversity in practice in how some cash receipts and cash payments are presented and classified on the statement of cash flows. The ASU was effective for fiscal years beginning after December 15, 2017. We adopted this standard as of the first quarter of fiscal 2018, and there was no material impact to our consolidated financial statements. In March 2016, the FASB issued a new ASU that changes the accounting for certain aspects of share-based payments to employees. The new guidance requires that excess tax benefits (which represent the excess of actual tax benefits received at the date of vesting or settlement over the benefits recognized over the vesting period or upon issuance of share-based payments) and tax deficiencies (which represent the amount by which actual tax benefits received at the date of vesting or settlement is lower than the benefits recognized over the vesting period or upon issuance of share-based payments) be recorded in the income statement as a reduction of income taxes when the awards vest or are settled. The new guidance also requires excess tax benefits to be classified as an operating activity in the statement of cash flows rather than as a financing activity. As a result of this adoption, we recognized discrete tax benefits of $0.8 million in the income taxes line item of our consolidated statement of operations for fiscal 2017 related to excess tax benefits upon vesting or settlement in that period. We elected to adopt the cash flow presentation of the excess tax benefits prospectively, commencing with our statement of cash flows for the first quarter of 2017, where we began classifying these benefits, along with other income tax cash flows, as an operating activity. We excluded the excess tax benefits from the assumed proceeds available to repurchase shares in the computation of our diluted earnings per share for fiscal 2017. In November 2015, the FASB issued a new ASU that requires deferred tax assets and liabilities to be classified as noncurrent on the balance sheet. The ASU was effective beginning with the first quarter of fiscal 2017. We adopted the provisions of this ASU at the beginning of fiscal 2017 and applied the required changes in accounting principle on a retrospective basis. The update impacted presentation and disclosure only, and therefore, the adoption of this ASU did not have any impact on our results of operations or liquidity. (2) Summary of Significant Accounting Policies (Continued) In July 2015, the FASB issued a new ASU that simplifies the subsequent measurement of inventories by replacing the current lower of cost or market test with a lower of cost and net realizable value test. We adopted the provisions of this ASU at the beginning of fiscal 2017. The adoption of this ASU did not have any impact on our consolidated financial position, results of operations or liquidity. (s) In August 2018, the FASB issued a new ASU which clarifies that implementation costs incurred by customers in cloud computing arrangements are deferred if they would be capitalized by customers in software licensing arrangements under the internal-use software guidance. The update is effective for fiscal years beginning after December 15, 2019. Early adoption is permitted, including adoption in any interim period. We currently do not expect the adoption of this ASU to have a material impact to our consolidated financial statements. In August 2018, the FASB issued a new ASU that aims to improve the overall usefulness of disclosures to financial statement users and reduce unnecessary costs to companies by changing disclosure requirements for employers that sponsor defined benefit pension or other post-retirement plans. The update is effective for fiscal years beginning after December 15, 2020. We expect to update our defined benefit pension plan disclosures when the new standard becomes effective. We do not expect the adoption of this ASU to have an impact to our consolidated financial statements as this ASU only modifies disclosure requirements. In August 2018, the FASB issued a new ASU that aims to improve the overall usefulness of disclosures to financial statement users and reduce unnecessary costs to companies by changing disclosure requirements for fair value measurement. The update is effective for fiscal years beginning after December 15, 2019. We expect to update our fair value measurement disclosures when the new standard becomes effective. We do not expect the adoption of this ASU to have an impact to our consolidated financial statements as this ASU only modifies disclosure requirements. In January 2017, the FASB issued an amendment to the standards of goodwill impairment testing. The new guidance simplifies the test for goodwill impairment, by comparing the fair value of a reporting unit with its carrying amount. An entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. Additionally, an entity should consider income tax effects from any tax deductible goodwill on the carrying amount of the reporting unit when measuring the goodwill impairment loss, if applicable. The update is effective for fiscal years beginning after December 15, 2019. We expect to adopt the standards when they become effective. In February 2016, the FASB issued a new ASU that requires lessees to recognize lease assets and lease liabilities on the balance sheet for those leases classified as operating leases under current guidance and to disclose key information about leasing arrangements. The new standard establishes a right-of-use model (ROU) that requires a lessee to recognize a ROU asset and lease liability on the balance sheet for all leases with a term longer than 12 months. Leases will be classified as finance or operating, with classification affecting the pattern and classification of expense recognition in the statement of operations. The effective date for the new standard is December 30, 2018, with early adoption permitted. We elected a modified retrospective transition approach, applying the new standard to all leases existing at the date of initial application. An entity may choose to use either (1) its effective date or (2) the beginning of the earliest comparative period presented in the financial statements as its date of initial application. If an entity chooses the second option, the transition requirements for existing leases also apply to leases entered into between the date of initial application and the effective date. The entity must also recast its comparative period financial statements and provide the disclosures required by the new standard for the comparative periods. We will adopt the new standard prospectively when it becomes effective in the first quarter of 2019. (2) Summary of Significant Accounting Policies (Continued) The new standard provides a number of optional practical expedients in transition. We expect to elect the ‘package of practical expedients’, which permits us not to reassess under the new standard our prior conclusions about lease identification, lease classification and initial direct costs. We do not expect to elect the use-of-hindsight or the practical expedient pertaining to land easements; the latter not being applicable to us. We expect to elect all of the new standard’s available transition practical expedients. We do not expect that this standard will have a material effect on our financial statements. Upon adoption, the most significant effects are expected to relate to (1) the recognition of new ROU assets and lease liabilities on our balance sheet for our operating leases, which is expected to be approximately $40.0 million at the beginning of fiscal 2019; and (2) providing significant new disclosures about our leasing activities. The new standard also provides practical expedients for an entity’s initial and ongoing accounting. We currently expect to elect the short-term lease recognition exemption for all leases that qualify. This means, for those leases that qualify, we will not recognize ROU assets or lease liabilities, and this includes not recognizing ROU assets or lease liabilities for existing short-term leases of those assets in transition. We also currently expect to elect the practical expedient to not separate lease and non-lease components for all of our leases.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 29, 2018
Summary of Significant Accounting Policies
Schedule of calculations related to basic and diluted earning per share	Fiscal Fiscal Fiscal 2018 2017 2016 (in thousands, except share and per share data) Net income $ 172,435 $ 217,463 $ 109,425 Weighted average common shares outstanding: Basic 66,144,703 66,487,403 63,202,900 Net effect of potentially dilutive share-based compensation awards (1) 109,851 219,060 216,892 Diluted 66,254,554 66,706,463 63,419,792 Earnings per share: Basic $ 2.61 $ 3.27 $ 1.73 Diluted $ 2.60 $ 3.26 $ 1.73 (1) For fiscal 2018, 2017 and 2016, outstanding stock options of 1,091,478, 348,894 and 22,692, respectively, were excluded from diluted earnings per share as their effect was antidilutive.
Schedule of newly adopted revenue recognition and net periodic pension cost and net periodic postretirement benefit cost standards	The below tables set forth the adjustments to net sales, gross profit, selling, general and administrative expenses, operating income and other income during fiscal 2017 and 2016 as a result of the newly adopted revenue recognition standard and newly adopted presentation of net periodic pension cost and net periodic post-retirement benefit cost (in thousands, except per share data). Fiscal 2017 As Reported Impact of Revenue Adoption Impact of Pension Adoption Reclassification of Loss on Sale of Assets As Adjusted Net sales $ 1,668,056 $ (21,669) $ — $ — $ 1,646,387 Cost of goods sold 1,205,809 — — — 1,205,809 Gross profit 462,247 (21,669) — — 440,578 Selling, general and administrative expenses 205,234 (21,669) 1,491 (1,608) 183,448 Loss on sale of assets — — — 1,608 1,608 Operating income 239,402 — (1,491) — 237,911 Other income (1,607) — (1,491) — (3,098) Net income $ 217,463 $ — $ — $ — $ 217,463 Earnings per share: Basic $ 3.27 $ — $ — $ — $ 3.27 Diluted $ 3.26 $ — $ — $ — $ 3.26 (2) Summary of Significant Accounting Policies (Continued) Fiscal 2016 As Reported Impact of Revenue Adoption Impact of Pension Adoption As Adjusted Net sales $ 1,391,257 $ (18,950) $ — $ 1,372,307 Cost of goods sold 943,295 — — 943,295 Gross profit 447,962 (18,950) — 429,012 Selling, general and administrative expenses 174,759 (18,950) 1,219 157,028 Operating income 253,995 — (1,219) 252,776 Other income (363) — (1,219) (1,582) Net income $ 109,425 $ — $ — $ 109,425 Basic and diluted earnings per share $ 1.73 $ — $ — $ 1.73

Acquisitions and Divestitures (

Acquisitions and Divestitures (Tables)	12 Months Ended
	Dec. 29, 2018
Acquisitions and divestitures
Schedule of unaudited pro forma summary of operations	(In thousands, except per share data): Fiscal 2016 Net sales (1) (2) $ 1,587,212 Net income (1) $ 129,712 Basic earnings per share (1) $ 2.01 Diluted earnings per share (1) $ 2.00 (1) The pro forma information presented above does not purport to be indicative of the results that actually would have been attained had the spices & seasonings acquisition occurred as of the beginning of fiscal 2016, and is not intended to be a projection of future results. (2) Net sales has been adjusted as a result of our retrospective adoption of the new accounting standard relating to revenue recognition. See Note 2(s), “Summary of Significant Accounting Policies — Recently Issued Accounting Standards ” above. The adjustments described above had no impact on net income or earnings per share.
Schedule of divestiture	We recognized a pre-tax gain on the Pirate Brands sale of $176.4 million, as calculated below (in thousands): Cash received $ 420,002 Assets sold: Inventory (6,688) Property, plant and equipment (404) Customer relationships—amortizable intangible assets (8,408) Trademarks—unamortizable intangible assets (152,800) Goodwill (70,952) Other (77) Total assets sold (239,328) Expenses (4,288) Gain on sale of assets $ 176,386
McCann's brand of premium Irish oatmeal
Acquisitions and divestitures
Schedule of preliminary allocation of purchase price to the estimated fair value of the net assets acquired	McCann’s Acquisition (in thousands): Purchase Price: Cash paid $ 30,787 Total $ 30,787 Preliminary Allocation: Property, plant and equipment $ 12 Inventory 973 Trademarks—unamortizable intangible assets 24,800 Customer relationship intangibles—amortizable intangible assets 2,000 Accrued expenses (292) Goodwill 3,294 Total $ 30,787
Back To Nature Foods Company, LLC
Acquisitions and divestitures
Schedule of preliminary allocation of purchase price to the estimated fair value of the net assets acquired	Back to Nature Acquisition (in thousands): Purchase Price: Cash paid $ 162,848 Total $ 162,848 Allocation: Trademarks—unamortizable intangible assets $ 109,900 Trademarks—amortizable intangible assets 12,800 Goodwill 36,334 Customer relationship intangibles—amortizable intangible assets 14,700 Inventory 5,088 Long-term deferred income tax liabilities, net (9,892) Other working capital (6,082) Total $ 162,848
Victoria
Acquisitions and divestitures
Schedule of preliminary allocation of purchase price to the estimated fair value of the net assets acquired	Victoria Acquisition (in thousands): Purchase Price: Cash paid $ 71,972 Total $ 71,972 Allocation: Trademarks—unamortizable intangible assets 45,500 Goodwill 12,298 Property, plant and equipment 9,298 Customer relationship intangibles—amortizable intangible assets 6,400 Inventory 5,729 Long-term deferred income tax liabilities, net (5,206) Other working capital (2,047) Total $ 71,972
Spices and Seasonings
Acquisitions and divestitures
Schedule of preliminary allocation of purchase price to the estimated fair value of the net assets acquired	Spices & Seasonings Acquisition (in thousands): Purchase Price: Cash paid $ 366,932 Total $ 366,932 Allocation: Goodwill 120,545 Customer relationship intangibles—amortizable intangible assets 89,250 Trademarks—unamortizable intangible assets 65,200 Property, plant and equipment 62,193 Inventory 49,571 Other liabilities (1) (17,939) Other working capital (1,888) Total $ 366,932 (1) In connection with the spices & seasonings acquisition, we agreed to establish a defined benefit plan for certain employees transferred to B&G Foods and certain former employees of the acquired spices & seasonings business. We also agreed to assume certain liabilities relating to the underfunded status of the former plan that such employees participated in prior to the acquisition. At each of December 29, 2018 and December 30, 2017, we recognized $17.9 million in “other liabilities” in the accompanying consolidated balance sheets to reflect our obligations with respect to the underfunded status of the defined benefit plan assets and liabilities transferred to us.

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Dec. 29, 2018
Inventories
Summary of Inventories	Inventories consist of the following, as of the dates indicated (in thousands): December 29, 2018 December 30, 2017 Raw materials and packaging $ 61,905 $ 70,315 Work-in-process 95,282 140,425 Finished goods 244,168 291,109 Inventories $ 401,355 $

Property, Plant and Equipment_2

Property, Plant and Equipment, net (Tables)	12 Months Ended
	Dec. 29, 2018
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): December 29, 2018 December 30, 2017 Land $ $ Buildings and improvements Machinery and equipment Office furniture and vehicles Construction-in-progress Less: accumulated depreciation Property, plant and equipment, net $ $

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Dec. 29, 2018
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): December 29, 2018 December 30, 2017 Gross Carrying Accumulated Net Carrying Gross Carrying Accumulated Net Carrying Amount Amortization Amount Amount Amortization Amount Amortizable Intangible Assets Trademarks $ 19,600 $ 3,369 $ 16,231 $ 19,600 $ 2,276 $ 17,324 Customer relationships 335,590 111,952 223,638 344,990 97,695 247,295 Total amortizable intangible assets $ 355,190 $ 115,321 $ 239,869 $ 364,590 $ 99,971 $ 264,619 Unamortizable Intangible Assets Goodwill (1) $ 584,435 $ 649,292 Trademarks (1) $ 1,355,700 $ 1,483,601 (1) The decreases in the carrying amounts of unamortizable intangible assets during fiscal 2018 are attributable to the Pirate Brands sale.

Long-Term Debt (Tables)

Long-Term Debt (Tables)	12 Months Ended
	Dec. 29, 2018
Long-Term Debt
Schedule of long-term debt	Long-term debt consists of the following, as of the dates indicated (in thousands): December 29, 2018 December 30, 2017 Revolving credit loans: Outstanding principal $ 50,000 $ — Unamortized deferred financing costs (2,996) (3,778) Revolving credit loans, net 47,004 (3,778) Tranche B term loans due 2022: Outstanding principal — 650,110 Unamortized deferred financing costs — (12,648) Unamortized discount — (2,279) Tranche B term loans due 2022, net — 635,183 4.625% senior notes due 2021: Outstanding principal 700,000 700,000 Unamortized deferred financing costs (3,687) (5,206) 4.625% senior notes due 2021, net 696,313 694,794 5.25% senior notes due 2025: Outstanding principal 900,000 900,000 Unamortized deferred financing costs (10,807) (12,535) Unamortized premium 3,371 3,910 5.25% senior notes due 2025, net 892,564 891,375 Total long-term debt, net of unamortized financing costs and discount/premium $ 1,635,881 $ 2,217,574
Schedule of aggregate contractual maturities of long-term debt	As of December 29, 2018, the aggregate contractual maturities of long-term debt are as follows (in thousands): Fiscal Year: 2019 $ — 2020 — 2021 700,000 2022 50,000 2023 — Thereafter 900,000 Total $ 1,650,000

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 29, 2018
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, 4.625% senior notes and 5.25% senior notes as of December 29, 2018 and December 30, 2017 are as follows (in thousands): December 29, 2018 December 30, 2017 Carrying Value Fair Value Carrying Value Fair Value Revolving credit loans $ 50,000 $ 50,000 (1) $ — $ — Tranche B term loans due 2022 — (2) — (2) 647,831 (2) 652,689 (1) 4.625% senior notes due 2021 700,000 684,250 (3) 700,000 710,500 (3) 5.25% senior notes due 2025 $ 903,371 (4) $ 837,877 (3) $ 903,910 (4) $ 919,729 (3) (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 value of the tranche B term loans is net of discount. At December 30, 2017, the face amount of the tranche B term loans was $650.1 million. There are no tranche B term loans outstanding under our credit facility as of December 29, 2018. See Note 7, “Long-Term Debt.” (3) Fair values are estimated based on quoted market prices. (4) The carrying values of the 5.25% senior notes due 2025 include a premium. At December 29, 2018 the face amount of the 5.25% senior note due 2025 was $900.0 million.

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	12 Months Ended
	Dec. 29, 2018
Accumulated Other Comprehensive Loss.
Schedule of reclassification from accumulated other comprehensive loss	The reclassifications from accumulated other comprehensive loss (AOCL) for fiscal 2018, 2017 and 2016 are as follows (in thousands): Amount Reclassified From AOCL Affected Line Item in the December 29, December 30, December 31, Statement Where Net Income Details about AOCL Components 2018 2017 2016 (loss) is Presented Defined benefit pension plan items Amortization of unrecognized prior service cost $ 2 $ 35 $ 44 See (1) below Amortization of unrecognized loss 696 517 454 See (1) below Accumulated other comprehensive loss before tax 698 552 498 Total before tax Tax expense (174) (218) (188) Income tax expense Total reclassification $ 524 $ 334 $ 310 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 AOCL for fiscal 2018, 2017 and 2016 are as follows (in thousands): Foreign Currency Defined Benefit Translation Pension Plan Items Adjustments Total Balance at January 2, 2016 $ (8,712) $ (3,984) $ (12,696) Other comprehensive income (loss) before reclassifications 1,202 (8,180) (6,978) Amounts reclassified from AOCL 310 — 310 Net current period other comprehensive income (loss) 1,512 (8,180) (6,668) Balance at December 31, 2016 (7,200) (12,164) (19,364) Other comprehensive (loss) income before reclassifications (6,119) 4,393 (1,726) Amounts reclassified from AOCL 334 — 334 Net current period other comprehensive (loss) income (5,785) 4,393 (1,392) Balance at December 30, 2017 (12,985) (7,771) (20,756) Other comprehensive income (loss) before reclassifications 237 (3,507) (3,270) Amounts reclassified from AOCL 524 — 524 Net current period other comprehensive income (loss) 761 (3,507) (2,746) Balance at December 29, 2018 $ (12,224) $ (11,278) $ (23,502)

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 29, 2018
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 2018 Fiscal 2017 Fiscal 2016 U.S. $ 217,044 $ 136,015 $ 150,266 Foreign 5,233 12,047 26,800 Total $ 222,277 $ 148,062 $ 177,066
Summary of income tax expense (benefit)	Income tax expense (benefit) consists of the following (in thousands): Fiscal 2018 Fiscal 2017 Fiscal 2016 Current: Federal $ 41,583 $ 3,977 $ 1,993 State 7,775 2,584 1,348 Foreign 1,978 4,563 8,110 Subtotal 51,336 11,124 11,451 Deferred: Federal 3,508 (88,716) 50,587 State (3,190) 10,401 6,229 Foreign (1,812) (2,210) (626) Subtotal (1,494) (80,525) 56,190 Income tax expense (benefit) $ 49,842 $ (69,401) $ 67,641
Reconciliation of provision for income taxes at the statutory rate and the effective tax rate	Fiscal 2018 Fiscal 2017 Fiscal 2016 Expected tax expense 21.0 % 35.0 % 35.0 % Increase (decrease): State income taxes, net of federal income tax benefit 2.9 4.4 2.9 Impact on deferred taxes from changes in state tax rates (1.6) 3.9 1.0 Foreign income taxes 0.8 2.3 2.8 Impact on deferred taxes from U.S. Tax Act 0.3 (90.0) — Permanent differences 0.1 (0.4) (0.1) Foreign tax credit (0.1) (1.6) (3.1) Other (1.0) (0.5) (0.3) Total 22.4 % (46.9) % 38.2 %
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): December 29, December 30, 2018 2017 Deferred tax assets: Accounts receivable, principally due to allowance $ 24 $ 37 Inventories, principally due to additional costs capitalized for tax purposes 2,090 2,695 Accruals and other liabilities 8,512 6,806 Net operating loss and tax credit carry forwards 4,663 4,462 Subtotal 15,289 14,000 Valuation allowance (961) — Total 14,328 14,000 Deferred tax liabilities: Plant and equipment (18,592) (16,224) Goodwill and other intangible assets (217,811) (222,851) Prepaid expenses and other (8,887) (8,081) Total Net deferred tax liabilities $ (230,962) $ (233,156)
Summary of the tax years that remain subject to examination	United States—Federal 2015 and forward United States—States 2014 and forward Canada 2014 and forward Mexico 2015 and forward

Pension Benefits (Tables)

Pension Benefits (Tables)	12 Months Ended
	Dec. 29, 2018
Pension Benefits
Schedule of defined benefit pension plans' benefit obligation, fair value of plans assets and funded status recognized in the consolidated balance sheets	We used December 29, 2018 and December 30, 2017 measurement dates for fiscal 2018 and 2017, respectively, to calculate end of year benefit obligations, fair value of plan assets and annual net periodic benefit cost (in thousands): December 29, December 30, 2018 2017 Change in projected benefit obligation: Projected benefit obligation at beginning of year $ 143,972 $ 70,425 Projected benefit obligation acquired (1) — 50,939 Actuarial (gain) loss (15,126) 14,219 Service cost 7,710 6,334 Interest cost 5,064 4,998 Benefits paid (3,468) (2,943) Projected benefit obligation at end of year 138,152 143,972 Change in plan assets: Fair value of plan assets at beginning of year 124,252 74,397 Fair value of plan assets acquired (1) — 33,000 Actual return on plan assets (6,678) 11,148 Employer contributions 5,600 8,650 Benefits paid (3,468) (2,943) Fair value of plan assets at end of year 119,706 124,252 Net amount recognized: Other assets 805 1,135 Other long-term liabilities (19,251) (20,857) Funded status at the end of the year (18,446) (19,722) Amount recognized in accumulated other comprehensive loss consists of: Prior service cost — (2) Actuarial loss (19,786) (20,799) Deferred taxes 7,562 7,816 Accumulated other comprehensive loss $ (12,224) $ (12,985) (1) Relates to the spices & seasonings acquisition, discussed below in this Note 12.
Schedule of changes in accumulated postemployment benefit obligations	The following information is presented for those plans with an accumulated benefit obligation in excess of plan assets (in thousands): December 29, December 30, 2018 2017 Accumulated benefit obligation $ 54,601 $ 59,010 Fair value of plan assets $ 40,935 $ 39,956
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 2018 are as follows (in thousands): Fiscal 2018 Prior service cost $ — Actuarial loss 858 Total $ 858
Schedule of weighted-average assumptions	December 29, December 30, 2018 2017 Weighted-average assumptions: Discount rate 4.08 - 4.18 % 3.45 - 3.56 % Rate of compensation increase 3.00 % 3.00 % Expected long-term rate of return 6.50 % 6.50 %
Schedule of components of net periodic pension costs	Net periodic pension cost includes the following components (in thousands): Fiscal 2018 Fiscal 2017 Fiscal 2016 Service cost—benefits earned during the period $ 7,710 $ 6,334 $ Interest cost on projected benefit obligation 5,064 4,998 Expected return on plan assets (8,134) (7,041) Amortization of unrecognized prior service cost 2 35 Amortization of unrecognized loss 696 517 454 Net periodic pension cost $ 5,338 $ 4,843 $ 2,106
Schedule of target asset allocation and plan assets at year end	Percentage of Plan Assets at Year End Target December 29, December 30, Asset Category Allocation 2018 2017 Equity securities 75 % 65 % 68 % Fixed income securities 25 % 31 % 28 % Other — % 4 % 4 % Total 100 % 100 % 100 %
Schedule of fair values of pension plan assets utilizing the fair value hierarchy	The fair values of our pension plan assets at December 29, 2018 and December 30, 2017, utilizing the fair value hierarchy discussed in Note 8, “Fair Value Measurements” follow (in thousands): December 29, 2018 December 30, 2017 Level 1 Levels 2 & 3 Level 1 Levels 2 & 3 Asset Category Cash $ 4,235 $ — $ 5,655 $ — Equity securities: U.S. mutual funds 43,645 — 52,058 — Foreign mutual funds 14,678 — 9,143 — U.S. common stocks 19,031 — 10,465 — Foreign common stocks 511 — 12,481 — Fixed income securities: U.S. mutual funds 37,606 — 34,450 — Total $ 119,706 $ — $ 124,252 $ —
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: 2019 $ 3,845 2020 4,187 2021 4,601 2022 5,125 2023 5,514 2024 to 2028 35,511

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 29, 2018
Commitments and Contingencies
Summary of future minimum lease payments under non-cancelable operating leases	As of December 29, 2018, 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 were as follows (in thousands): Fiscal year ending: 2019 $ 12,298 2020 10,953 2021 8,991 2022 4,733 2023 4,784 Thereafter 8,445 Total $ 50,204

Incentive Plans (Tables)

Incentive Plans (Tables)	12 Months Ended
	Dec. 29, 2018
Incentive Plans
Schedule of non-vested performance share LTIAs	Weighted Average Number of Grant Date Fair Value Performance Shares (1) (per share) (2) Beginning of fiscal 2018 437,218 $ 29.36 Granted 242,436 $ 21.39 Vested (150,255) $ 23.84 Forfeited (20,082) $ 26.86 End of fiscal 2018 509,317 $ 27.30 (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	Weighted Weighted Average Average Contractual Life Aggregate Options Exercise Price Remaining (Years) Intrinsic Value Outstanding at beginning of fiscal 2018 832,569 $ 33.45 Granted 397,864 $ 27.00 Exercised (1,787) $ 27.77 Forfeited (33,515) $ 30.66 Cancelled (1,026) $ 27.77 Outstanding at end of fiscal 2018 1,194,105 $ 31.40 7.46 $ 986 Exercisable at end of fiscal 2018 531,316 $ 31.36 6.15 $ 149
Schedule of stock options, valuation assumption	2018 2017 Weighted average grant date fair value $ 3.74 $ 7.29 Expected volatility 30.6% - 31.7% 27.5% - 29.2% Expected term 5.5 - 6.5 years 5.5 - 6.5 years Risk-free interest rate 2.6% - 2.8% 1.8% - 2.4% Dividend yield 6.7% - 8.1% 4.5% - 5.22%
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	December 29, December 30, December 31, 2018 2017 2016 Number of performance shares vested 150,255 110,528 101,094 Shares withheld to fund statutory minimum tax withholding 57,298 42,368 37,596 Shares of common stock issued for performance share LTIAs 92,957 68,160 63,498 Shares of common stock issued upon the exercise of stock options 1,787 4,011 — Shares of common stock issued to non-employee directors for annual equity grants 35,039 20,559 16,072 Total shares of common stock issued 129,783 92,730 79,570 Excess tax benefit $ — $ — $ 343
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 2018 Fiscal 2017 Fiscal 2016 Compensation expense included in cost of goods sold $ 1,236 $ 1,203 $ 1,060 Compensation expense included in selling, general and administrative expenses 1,789 3,412 4,738 Total compensation expense for share-based payments $ 3,025 $ 4,615 $ 5,798

Net Sales by Brand (Tables)

Net Sales by Brand (Tables)	12 Months Ended
	Dec. 29, 2018
Net Sales by Brand
Schedule of net sales by brand	The following table sets forth net sales by brand (in thousands): Fiscal 2018 Fiscal 2017 (2) Fiscal 2016 (2) Brand (1) : Green Giant - frozen $ 372,696 $ 330,004 $ 294,963 Spices & Seasonings (3) 255,965 259,196 28,171 Ortega 141,265 137,276 140,248 Green Giant - shelf stable (4) 107,476 120,541 153,636 Pirate Brands (5) 74,853 87,705 82,865 Back to Nature (6) 69,704 20,283 — Maple Grove Farms of Vermont 68,048 67,987 72,525 Cream of Wheat 62,520 60,833 61,661 Mrs. Dash 58,676 59,816 60,388 All other brands 489,561 502,746 477,850 Total $ 1,700,764 $ 1,646,387 $ 1,372,307 (1) Table includes net sales for each of our brands whose fiscal 2018 net sales equaled or exceeded 3% of our total fiscal 2018 net sales and for all other brands in the aggregate. Net sales for each brand includes branded net sales and, if applicable, any private label and foodservice net sales attributable to the brand. (2) Net sales for fiscal 2017 and 2016 have been adjusted to reflect our retrospective adoption of the new revenue recognition standard. See Note 2, “Summary of Significant Accounting Policies — Newly Adopted Accounting Standards. ” (3) Includes net sales for multiple brands acquired as part of the spices & seasonings acquisition that we completed on November 21, 2016. Does not include net sales for Mrs. Dash and our other legacy spices & seasonings brands. (4) Does not include net sales of the Le Sueur brand. Net sales of the Le Sueur brand are included below in “All other brands.” (5) We completed the Pirate Brands sale on October 17, 2018. See Note 3, “Acquisitions and Divestitures.” (6) We completed the Back to Nature acquisition on October 2, 2017. See Note 3, “Acquisitions and Divestitures.”

Quarterly Financial Data (una_2

Quarterly Financial Data (unaudited) (Tables)	12 Months Ended
	Dec. 29, 2018
Quarterly Financial Data (unaudited)
Schedule of quarterly financial data (unaudited)	First Second Third Fourth Quarter Quarter Quarter Quarter (in thousands, expect per share data) Net sales 2018 $ 431,729 $ 388,378 $ 422,602 $ 458,055 2017 (1) $ 412,307 $ 361,676 $ 406,051 $ 466,353 Gross profit 2018 $ 103,356 $ 81,173 $ 115,039 $ 49,932 2017 (1) $ 121,219 $ 104,557 $ 120,942 $ 93,860 Net income 2018 $ 20,547 $ 7,976 $ 31,988 $ 111,924 2017 $ 32,764 $ 22,061 $ 32,730 $ 129,908 Basic earnings per share 2018 $ 0.31 $ 0.12 $ 0.49 $ 1.70 2017 $ 0.49 $ 0.33 $ 0.49 $ 1.95 Diluted earnings per share 2018 $ 0.31 $ 0.12 $ 0.48 $ 1.70 2017 $ 0.49 $ 0.33 $ 0.49 $ 1.95 Cash dividends declared per share 2018 $ 0.465 $ 0.475 $ 0.475 $ 0.475 2017 $ 0.465 $ 0.465 $ 0.465 $ 0.465 (1) Net sales and gross profit have been adjusted as a result of our retrospective adoption of the new accounting standard relating to revenue recognition for each of the quarters in fiscal 2017. See Note 2, “Summary of Significant Accounting Policies – Newly Adopted Accounting Standards ” for detailed information.

Guarantor and Non-Guarantor F_2

Guarantor and Non-Guarantor Financial Information (Tables)	12 Months Ended
	Dec. 29, 2018
Guarantor and Non-Guarantor Financial Information
Condensed Consolidating Balance Sheet	Condensed Consolidating Balance Sheet As of December 29, 2018 (In thousands) Guarantor Non-Guarantor Parent Subsidiaries Subsidiaries Eliminations Consolidated Assets Current Assets: Cash and cash equivalents $ — $ 9,871 $ 1,777 $ — $ 11,648 Trade accounts receivable, net — 140,464 11,243 — 151,707 Inventories, net — 332,774 68,581 — 401,355 Prepaid expenses and other current assets — 15,995 3,993 — 19,988 Income tax receivable — — 1,398 — 1,398 Total current assets — 499,104 86,992 — 586,096 Property, plant and equipment, net — 238,128 44,425 — 282,553 Goodwill — 584,435 — — 584,435 Other intangibles, net — 1,595,569 — — 1,595,569 Other assets — 1,193 13 — 1,206 Deferred income taxes — — 4,940 — 4,940 Investments in subsidiaries 2,584,598 93,069 — (2,677,667) — Total assets $ 2,584,598 $ 3,011,498 $ 136,370 $ (2,677,667) $ 3,054,799 Liabilities and Stockholders' Equity Current Liabilities: Trade accounts payable $ — $ 115,946 $ 24,054 $ — $ 140,000 Accrued expenses — 53,386 2,274 — 55,660 Income tax payable — 31,247 377 — 31,624 Dividends payable 31,178 — — — 31,178 Intercompany payables — (16,581) 16,581 — — Total current liabilities 31,178 183,998 43,286 — 258,462 Long-term debt 1,653,371 (17,490) — — 1,635,881 Other liabilities — 24,490 15 — 24,505 Deferred income taxes — 235,902 — — 235,902 Total liabilities 1,684,549 426,900 43,301 — 2,154,750 Stockholders' Equity: Preferred stock — — — — — Common stock 656 — — — 656 Additional paid-in capital 116,339 1,803,769 68,253 (1,872,022) 116,339 Accumulated other comprehensive loss (23,502) (23,502) (11,279) 34,781 (23,502) Retained earnings 806,556 804,331 36,095 (840,426) 806,556 Total stockholders’ equity 900,049 2,584,598 93,069 (2,677,667) 900,049 Total liabilities and stockholders’ equity $ 2,584,598 $ 3,011,498 $ 136,370 $ (2,677,667) $ 3,054,799 (18) Condensed Consolidating Balance Sheet As of December 30, 2017 (In thousands) Guarantor Non-Guarantor Parent Subsidiaries Subsidiaries Eliminations Consolidated Assets Current Assets: Cash and cash equivalents $ — $ 204,815 $ 1,691 $ — $ 206,506 Trade accounts receivable, net — 129,769 11,623 — 141,392 Inventories, net — 428,613 73,236 — 501,849 Prepaid expenses and other current assets — 15,932 4,122 — 20,054 Income tax receivable — 16,259 535 — 16,794 Total current assets — 795,388 91,207 — 886,595 Property, plant and equipment, net — 229,219 42,973 — 272,192 Goodwill — 649,292 — — 649,292 Other intangibles, net — 1,748,220 — — 1,748,220 Other assets — 1,603 14 — 1,617 Deferred income taxes — (1) 3,123 — 3,122 Investments in subsidiaries 3,163,482 91,766 — (3,255,248) — Total assets $ 3,163,482 $ 3,515,487 $ 137,317 $ (3,255,248) $ 3,561,038 Liabilities and Stockholders' Equity Current Liabilities: Trade accounts payable $ — $ 102,594 $ 19,764 $ — $ 122,358 Accrued expenses — 45,586 2,481 — 48,067 Income tax payable — — 139 — 139 Dividends payable 30,922 — — — 30,922 Intercompany payables — (23,167) 23,167 — — Total current liabilities 30,922 125,013 45,551 — 201,486 Long-term debt 2,251,741 (34,167) — — 2,217,574 Other liabilities — 24,881 — — 24,881 Deferred income taxes — 236,278 — — 236,278 Total liabilities 2,282,663 352,005 45,551 — 2,680,219 Stockholders' Equity: Preferred stock — — — — — Common stock 665 — — — 665 Additional paid-in capital 266,789 2,552,342 68,253 (2,620,595) 266,789 Accumulated other comprehensive loss (20,756) (20,756) (7,771) 28,527 (20,756) Retained earnings 634,121 631,896 31,284 (663,180) 634,121 Total stockholders’ equity 880,819 3,163,482 91,766 (3,255,248) 880,819 Total liabilities and stockholders’ equity $ 3,163,482 $ 3,515,487 $ 137,317 $ (3,255,248) $ 3,561,038
Condensed Consolidating Statement of Operations and Comprehensive Income	Condensed Consolidating Statements of Operations and Comprehensive Income Fiscal Year Ended December 29, 2018 (In thousands) Guarantor Non-Guarantor Parent Subsidiaries Subsidiaries Eliminations Consolidated Net sales $ — $ 1,609,650 $ 195,593 $ (104,479) $ 1,700,764 Cost of goods sold — 1,272,381 183,362 (104,479) 1,351,264 Gross profit — 337,269 12,231 — 349,500 Operating expenses: Selling, general and administrative expenses — 160,392 6,997 — 167,389 Amortization expense — 18,343 — — 18,343 Gain on sale of assets — (176,386) — — (176,386) Operating income — 334,920 5,234 — 340,154 Other income and expenses: Interest expense, net — 108,334 — — 108,334 Loss on extinguishment of debt — 13,135 — — 13,135 Other income — (3,592) — — (3,592) Income before income tax expense — 217,043 5,234 — 222,277 Income tax expense — 49,419 423 — 49,842 Equity in earnings of subsidiaries 172,435 4,811 — (177,246) — Net income $ 172,435 $ 172,435 $ 4,811 $ (177,246) $ 172,435 Comprehensive income (loss) $ 169,689 $ 171,674 $ 1,304 $ (172,978) $ 169,689 Condensed Consolidating Statements of Operations and Comprehensive Income Fiscal Year Ended December 30, 2017 (In thousands) Guarantor Non-Guarantor Parent Subsidiaries Subsidiaries Eliminations Consolidated Net sales (1) $ — $ 1,557,328 $ 176,694 $ (87,635) $ 1,646,387 Cost of goods sold — 1,141,080 152,364 (87,635) 1,205,809 Gross profit (1) — 416,248 24,330 — 440,578 Operating expenses: Selling, general and administrative expenses (1) — 171,165 12,283 — 183,448 Amortization expense — 17,611 — — 17,611 Loss on sale of assets (1) — 1,608 — — 1,608 Operating income (1) — 225,864 12,047 — 237,911 Other income and expenses: Interest expense, net — 91,784 — — 91,784 Loss on extinguishment of debt — 1,163 — — 1,163 Other income (1) — (3,098) — — (3,098) Income before income tax expense — 136,015 12,047 — 148,062 Income tax expense — (71,682) 2,281 — (69,401) Equity in earnings of subsidiaries 217,463 9,766 — (227,229) — Net income $ 217,463 $ 217,463 $ 9,766 $ (227,229) $ 217,463 Comprehensive income (loss) $ 216,071 $ 223,248 $ 14,158 $ (237,406) $ 216,071 (1) Net sales, gross profit, selling, general and administrative expenses, operating income and other income have been adjusted as a result of our retrospective adoption of new accounting standards relating to revenue recognition and the presentation of net periodic pension cost and net periodic post-retirement benefit cost. We also reclassified a $1.6 million pre-tax loss on sale of assets for fiscal 2017 from selling, general and administrative expenses to loss on sale of assets. The adjustments described above had no impact on net income or earnings per share. See Note 2(s), “Summary of Significant Accounting Policies — Recently Issued Accounting Standards ” to our consolidated financial statements for detailed information.
Condensed Consolidating Statement of Cash Flows	Condensed Consolidating Statement of Cash Flows Fiscal Year Ended December 29, 2018 (In thousands) Guarantor Non-Guarantor Parent Subsidiaries Subsidiaries Eliminations Consolidated Net cash provided by operating activities $ — $ 197,094 $ 12,362 $ — $ 209,456 Cash flows from investing activities: Capital expenditures — (34,503) (7,124) — (41,627) Proceeds from sale of assets — 420,002 — — 420,002 Payments for acquisition of businesses, net of cash acquired — (30,787) — — (30,787) Net cash provided by (used in) investing activities — 354,712 (7,124) — 347,588 Cash flows from financing activities: Repayments of long-term debt (650,110) — — — (650,110) Repayments of borrowings under revolving credit facility (170,000) — — — (170,000) Borrowings under revolving credit facility 220,000 — — — 220,000 Proceeds from issuance of common stock, net 60 — — — 60 Dividends paid (124,524) — — — (124,524) Payments for the repurchase of common stock, net (26,920) — — — (26,920) Payments of tax withholding on behalf of employees for net share settlement of share-based compensation — (1,833) — — (1,833) Intercompany transactions 751,494 (744,918) (6,576) — — Net cash used in financing activities — (746,751) (6,576) — (753,327) Effect of exchange rate fluctuations on cash and cash equivalents — — 1,425 1,425 Net (decrease) increase in cash and cash equivalents — (194,945) 87 — (194,858) Cash and cash equivalents at beginning of year — 204,815 1,691 — 206,506 Cash and cash equivalents at end of year $ — $ 9,870 $ 1,778 $ — $ 11,648 Condensed Consolidating Statement of Cash Flows Fiscal Year Ended December 30, 2017 (In thousands) Guarantor Non-Guarantor Parent Subsidiaries Subsidiaries Eliminations Consolidated Net cash provided by operating activities $ — $ 44,762 $ (6,963) $ — $ 37,799 Cash flows from investing activities: Capital expenditures — (47,503) (12,299) — (59,802) Proceeds from sale of assets — 2,229 — — 2,229 Payments for acquisition of businesses, net of cash acquired — (162,965) — — (162,965) Net cash used in investing activities — (208,239) (12,299) — (220,538) Cash flows from financing activities: Repayments of long-term debt (233,640) — — — (233,640) Proceeds from issuance of long-term debt 914,000 — — — 914,000 Repayments of borrowings under revolving credit facility (571,000) — — — (571,000) Borrowings under revolving credit facility 395,000 — — — 395,000 Proceeds from issuance of common stock, net 112 — — — 112 Dividends paid (123,631) — — — (123,631) Payments of tax withholding on behalf of employees for net share settlement of share-based compensation — (1,962) — — (1,962) Debt financing costs — (19,543) — — (19,543) Intercompany transactions (380,841) 364,678 16,163 — — Net cash provided by financing activities — 343,173 16,163 — 359,336 Effect of exchange rate fluctuations on cash and cash equivalents — — 1,076 — 1,076 Net increase (decrease) in cash and cash equivalents — 179,696 (2,023) — 177,673 Cash and cash equivalents at beginning of year — 25,119 3,714 — 28,833 Cash and cash equivalents at end of year $ — $ 204,815 $ 1,691 $ — $ 206,506

Nature of Operations - Fiscal Y

Nature of Operations - Fiscal Year and Business and Credit Concentrations (Details) - customer	12 Months Ended
	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Fiscal Year
Number of weeks in fiscal period	364 days	364 days	364 days
Minimum
Fiscal Year
Number of weeks in fiscal period	364 days
Maximum
Fiscal Year
Number of weeks in fiscal period	371 days
Net sales | Consolidated net sales | Foreign
Business and Credit Concentrations
Percentage of concentration risk	7.30%	6.30%	7.10%
Net sales | Consolidated net sales | Top ten customers
Business and Credit Concentrations
Number of top customers	10	10	10
Percentage of concentration risk	54.40%	54.60%	56.00%
Net sales | Consolidated net sales | Other than Walmart
Business and Credit Concentrations
Percentage of concentration risk	23.10%	24.10%	24.10%
Accounts receivable | Trade accounts receivables | Top ten customers
Business and Credit Concentrations
Number of top customers	10	10	10
Percentage of concentration risk	54.80%	49.40%	53.40%
Accounts receivable | Trade accounts receivables | Other than Walmart
Business and Credit Concentrations
Percentage of concentration risk	24.90%	21.50%	21.20%

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Property, Plant and Equipment (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Property, Plant and Equipment
Interest on qualifying assets capitalized	$ 1.1	$ 1	$ 0.5
Building and improvements | Minimum
Property, Plant and Equipment
Estimated useful life	10 years
Building and improvements | Maximum
Property, Plant and Equipment
Estimated useful life	30 years
Machinery and equipment | Minimum
Property, Plant and Equipment
Estimated useful life	5 years
Machinery and equipment | Maximum
Property, Plant and Equipment
Estimated useful life	12 years
Office furniture and vehicles | Minimum
Property, Plant and Equipment
Estimated useful life	2 years
Office furniture and vehicles | Maximum
Property, Plant and Equipment
Estimated useful life	5 years

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Intangible Assets, Financing Costs, Debt (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 29, 2018	Sep. 29, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 30, 2017	Sep. 30, 2017	Jul. 01, 2017	Apr. 01, 2017	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Information related to useful life of finite-lived intangible assets
(Gain) loss on sale of assets									$ (176,386)	$ 1,608
Information related to deferred debt financing costs
Amortization of deferred debt financing costs									5,300	5,400	$ 4,900
Selling, General and Administrative Expenses
Advertising costs									$ 15,900	22,700	26,000
Pension Plans
Percentage of employees covered by defined benefit pension plans									43.00%
Information related to earning per share
Net income									$ 172,435	$ 217,463	$ 109,425
Weighted average common shares outstanding:
Basic									66,144,703	66,487,403	63,202,900
Net effect of potentially dilutive share-based compensation awards (in shares)									109,851	219,060	216,892
Diluted (in shares)									66,254,554	66,706,463	63,419,792
Basic (in dollars per share)	$ 1.70	$ 0.49	$ 0.12	$ 0.31	$ 1.95	$ 0.49	$ 0.33	$ 0.49	$ 2.61	$ 3.27	$ 1.73
Diluted (in dollars per share)	$ 1.70	$ 0.48	$ 0.12	$ 0.31	$ 1.95	$ 0.49	$ 0.33	$ 0.49	$ 2.60	$ 3.26	$ 1.73
Antidilutive securities excluded from computation of loss per share									1,091,478	348,894	22,692
Stock Option
Share-Based Compensation
Term (in years)									10 years
Stock Option | Employee
Share-Based Compensation
Vesting period (in years)									3 years
Stock Option | Non-employee director
Share-Based Compensation
Vesting period (in years)									1 year
Customer relationship and amortizable trademarks | Minimum
Information related to useful life of finite-lived intangible assets
Estimated useful life									10 years
Customer relationship and amortizable trademarks | 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

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Impact of Adoption (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 29, 2018	Sep. 29, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 30, 2017	Sep. 30, 2017	Jul. 01, 2017	Apr. 01, 2017	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net sales	$ 458,055	$ 422,602	$ 388,378	$ 431,729	$ 466,353	$ 406,051	$ 361,676	$ 412,307	$ 1,700,764	$ 1,646,387	$ 1,372,307
Cost of goods sold									1,351,264	1,205,809	943,295
Gross profit	49,932	115,039	81,173	103,356	93,860	120,942	104,557	121,219	349,500	440,578	429,012
Selling, general and administrative expenses									167,389	183,448	157,028
Loss on sale of assets									(176,386)	1,608
Operating income									340,154	237,911	252,776
Other income									(3,592)	(3,098)	(1,582)
Net income	$ 111,924	$ 31,988	$ 7,976	$ 20,547	$ 129,908	$ 32,730	$ 22,061	$ 32,764	$ 172,435	$ 217,463	$ 109,425
Earnings per share:
Basic (in dollars per share)	$ 1.70	$ 0.49	$ 0.12	$ 0.31	$ 1.95	$ 0.49	$ 0.33	$ 0.49	$ 2.61	$ 3.27	$ 1.73
Diluted (in dollars per share)	$ 1.70	$ 0.48	$ 0.12	$ 0.31	$ 1.95	$ 0.49	$ 0.33	$ 0.49	$ 2.60	$ 3.26	1.73
Basic and diluted earnings per share (in dollars per share)											$ 1.73
As Reported
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net sales										$ 1,668,056	$ 1,391,257
Cost of goods sold										1,205,809	943,295
Gross profit										462,247	447,962
Selling, general and administrative expenses										205,234	174,759
Operating income										239,402	253,995
Other income										(1,607)	(363)
Net income										$ 217,463	$ 109,425
Earnings per share:
Basic (in dollars per share)										$ 3.27
Diluted (in dollars per share)										$ 3.26
Basic and diluted earnings per share (in dollars per share)											$ 1.73
Impact of Adoption | Reclassification of Loss on Sale of Assets
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Selling, general and administrative expenses										$ (1,608)
Loss on sale of assets										1,608
ASU 2014-09 | Impact of Adoption
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net sales										(21,669)	$ (18,950)
Gross profit										(21,669)	(18,950)
Selling, general and administrative expenses										(21,669)	(18,950)
ASU 2017-07 | Impact of Adoption
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Selling, general and administrative expenses									$ 2,400	1,491	1,219
Operating income										(1,491)	(1,219)
Other income									$ (2,400)	$ (1,491)	$ (1,219)

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - ASU Share-based payments to employees (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016	Jan. 01, 2019
Newly Adopted Accounting Standards
Income tax expense (benefit)	$ 49,842	$ (69,401)	$ 67,641
ASU 2016-09 | Impact of Adoption
Newly Adopted Accounting Standards
Income tax expense (benefit)		$ (800)
ASU 2016-02 | Impact of Adoption
Newly Adopted Accounting Standards
ROU asset				$ 40,000
Lease liability				$ 40,000

Acquisitions and Divestitures_2

Acquisitions and Divestitures (Details) - USD ($) $ in Thousands	Jul. 16, 2018	Oct. 02, 2017	Dec. 02, 2016	Nov. 21, 2016	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Acquisitions and divestitures
Accrued expenses					$ 55,660	$ 48,067
Customer Relationship and Amortizable Trademarks | Minimum
Acquisitions and divestitures
Estimated useful life					10 years
Customer Relationship and Amortizable Trademarks | Maximum
Acquisitions and divestitures
Estimated useful life					20 years
McCann's brand of premium Irish oatmeal
Acquisitions and divestitures
Cash paid	$ 30,787
Back To Nature Foods Company, LLC
Acquisitions and divestitures
Cash paid		$ 162,848
Victoria
Acquisitions and divestitures
Cash paid			$ 71,972
Spices and Seasonings
Acquisitions and divestitures
Cash paid				$ 366,932
Accrued expenses							$ 12,600

Acquisitions and Divestitures -

Acquisitions and Divestitures - McCann's (Details) - USD ($) $ in Thousands	Jul. 16, 2018	Dec. 29, 2018	Dec. 30, 2017
Preliminary Allocation:
Goodwill		$ 584,435	$ 649,292
McCann's brand of premium Irish oatmeal
Acquisitions and divestitures
Purchase price adjustment, goodwill increase (decrease)		200
Purchase price adjustment, accrued expenses increase (decrease)		$ 200
Purchase Price:
Cash paid	$ 30,787
Total	30,787
Preliminary Allocation:
Property, plant and equipment	12
Inventory	973
Accrued expenses	(292)
Goodwill	3,294
Total	30,787
McCann's brand of premium Irish oatmeal | Customer relationship
Preliminary Allocation:
Amortizable intangible assets	2,000
McCann's brand of premium Irish oatmeal | Trademarks
Preliminary Allocation:
Trademarks - unamortizable intangible assets	$ 24,800

Acquisitions and Divestitures_3

Acquisitions and Divestitures - Back to Nature (Details) - USD ($) $ in Thousands	Oct. 02, 2017	Dec. 29, 2018	Dec. 30, 2017
Allocation:
Goodwill		$ 584,435	$ 649,292
Customer Relationship and Amortizable Trademarks | Minimum
Acquisitions and divestitures
Estimated useful life		10 years
Customer Relationship and Amortizable Trademarks | Maximum
Acquisitions and divestitures
Estimated useful life		20 years
Back To Nature Foods Company, LLC
Acquisitions and divestitures
Purchase price adjustment, goodwill increase (decrease)		$ 2,800
Purchase price allocation adjustments, other working capital increase (decrease)		2,100
Purchase price allocation adjustments, inventory increase (decrease)		(1,700)
Long-term deferred income tax liabilities increase (decrease)		(900)
Purchase Price:
Cash paid	$ 162,848
Total	162,848
Allocation:
Goodwill	36,334
Inventory	5,088
Long-term deferred income tax liabilities, net	(9,892)
Other working capital	(6,082)
Total	162,848
Back To Nature Foods Company, LLC | Trademarks
Allocation:
Amortizable intangible assets	12,800
Back To Nature Foods Company, LLC | Customer relationship
Allocation:
Amortizable intangible assets	14,700
Back To Nature Foods Company, LLC | Trademarks
Acquisitions and divestitures
Intangible asset adjustment		$ 100
Allocation:
Trademarks - unamortizable intangible assets	$ 109,900

Acquisitions and Divestitures_4

Acquisitions and Divestitures - Victoria (Details) - USD ($) $ in Thousands	Dec. 02, 2016	Dec. 29, 2018	Dec. 30, 2017
Allocation:
Goodwill		$ 584,435	$ 649,292
Victoria
Purchase Price:
Cash paid	$ 71,972
Total	71,972
Allocation:
Goodwill	12,298
Property, plant and equipment	9,298
Inventory	5,729
Long-term deferred income tax liabilities, net	(5,206)
Other working capital	(2,047)
Total	71,972
Victoria | Customer relationship
Allocation:
Customer relationship intangibles—amortizable intangible assets	6,400
Victoria | Trademarks
Allocation:
Trademarks - unamortizable intangible assets	$ 45,500

Acquisitions and Divestitures_5

Acquisitions and Divestitures - Spice and Seasonings (Details) - USD ($) $ in Thousands	Nov. 21, 2016	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Allocation:
Goodwill		$ 584,435	$ 649,292
Spices and Seasonings
Purchase Price:
Cash paid	$ 366,932
Total	366,932
Allocation:
Goodwill	120,545
Property, plant and equipment	62,193
Inventory	49,571
Other liabilities	(17,939)
Other working capital	(1,888)
Total	366,932
Spices and Seasonings | Other liabilities
Allocation:
Other liabilities relating to underfunded status of defined benefit plan assets and liabilities		$ 17,900	$ 17,900	$ 17,500
Spices and Seasonings | Trademarks
Allocation:
Trademarks - unamortizable intangible assets	65,200
Spices and Seasonings | Customer relationship
Allocation:
Customer relationship intangibles—amortizable intangible assets	$ 89,250

Acquisitions and Divestitures_6

Acquisitions and Divestitures - Pro Forma (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Unaudited Pro Forma Summary of Operations
Net sales			$ 1,587,212
Net income			$ 129,712
Basic earnings per share (in dollars per share)			$ 2.01
Diluted earnings per share (in dollars per share)			$ 2
Spices and Seasonings
Unaudited Pro Forma Summary of Operations
Net sales - actual	$ 256,000	$ 259,200	$ 28,200

Acquisitions and Divestitures_7

Acquisitions and Divestitures - Pirate (Details) - Pirate Brands - USD ($) $ in Thousands	Oct. 17, 2018	Dec. 31, 2018
Special bonus
Period of ownership		5 years
Executive officers and certain members of senior management
Special bonus
Special bonus amount		$ 6,000
Disposed
Acquisitions and divestitures
Cash received	$ 420,002
Net deferred tax liabilities	107,300
Assets sold:
Inventory	(6,688)
Property, plant and equipment	(404)
Goodwill	(70,952)
Other	(77)
Total assets sold	(239,328)
Expenses	(4,288)
Gain on sale of assets	176,386
Disposed | Trademarks
Assets sold:
Intangible assets	(152,800)
Disposed | Customer relationship
Assets sold:
Intangible assets	$ (8,408)

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Dec. 29, 2018	Dec. 30, 2017
Inventories
Raw materials and packaging	$ 61,905	$ 70,315
Work-in-process	95,282	140,425
Finished goods	244,168	291,109
Inventories	$ 401,355	$ 501,849

Property, Plant and Equipment_3

Property, Plant and Equipment, net (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Information related to useful life of property, plant and equipment
Property, plant and equipment, gross	$ 512,753	$ 472,856
Less: accumulated depreciation	(230,200)	(200,664)
Property, plant and equipment, net	282,553	272,192
Depreciation expense	35,300	31,600	$ 23,500
Land
Information related to useful life of property, plant and equipment
Property, plant and equipment, gross	11,718	11,671
Building and improvements
Information related to useful life of property, plant and equipment
Property, plant and equipment, gross	125,768	118,534
Machinery and equipment
Information related to useful life of property, plant and equipment
Property, plant and equipment, gross	311,457	285,813
Office furniture and vehicles
Information related to useful life of property, plant and equipment
Property, plant and equipment, gross	45,230	40,341
Construction-in-progress
Information related to useful life of property, plant and equipment
Property, plant and equipment, gross	$ 18,580	$ 16,497

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Jul. 02, 2016	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Goodwill and Other Intangible Assets
Amortization expense		$ 18,343	$ 17,611	$ 13,803
Amortizable Intangible Assets
Gross Carrying Amount		355,190	364,590
Accumulated Amortization		115,321	99,971
Net Carrying Amount		239,869	264,619
Unamortizable Intangible Assets
Goodwill		584,435	649,292
Future amortization expense
2,019		18,000
2,020		18,000
2,021		18,000
2,022		18,000
2,023		17,800
Acquisitions.
Impairment of intangible assets				$ 5,405
Trademarks
Unamortizable Intangible Assets
Unamortizable intangible assets excluding goodwill		1,355,700	1,483,601
Customer relationship | Rickland Orchards
Acquisitions.
Impairment of intangible assets	$ 900
Trademarks
Amortizable Intangible Assets
Gross Carrying Amount		19,600	19,600
Accumulated Amortization		3,369	2,276
Net Carrying Amount		16,231	17,324
Trademarks | Rickland Orchards
Acquisitions.
Impairment of intangible assets	$ 4,500
Customer relationship
Amortizable Intangible Assets
Gross Carrying Amount		335,590	344,990
Accumulated Amortization		111,952	97,695
Net Carrying Amount		$ 223,638	$ 247,295

Long-Term Debt (Details)

Long-Term Debt (Details) - USD ($) $ in Thousands	Dec. 29, 2018	Dec. 30, 2017	Nov. 20, 2017	Apr. 03, 2017	Mar. 30, 2017	Jun. 04, 2013
Information related to long-term debt
Outstanding principal	$ 1,650,000
Total long-term debt, net of unamortized financing costs and discount/premium	1,635,881	$ 2,217,574
Revolving credit loans
Information related to long-term debt
Outstanding principal	50,000
Unamortized deferred financing costs	(2,996)	(3,778)
Long-term debt, unamortized deferred financing costs only		(3,778)
Total long-term debt, net of unamortized financing costs and discount/premium	47,004
Tranche B Term Loans due 2022
Information related to long-term debt
Outstanding principal	0	650,110	$ 650,100		$ 640,100
Unamortized deferred financing costs		(12,648)
Unamortized discount		(2,279)
Total long-term debt, net of unamortized financing costs and discount/premium		635,183
4.625% Senior notes due 2021
Information related to long-term debt
Outstanding principal	700,000	700,000
Unamortized deferred financing costs	(3,687)	(5,206)
Total long-term debt, net of unamortized financing costs and discount/premium	$ 696,313	$ 694,794
Interest rate (as a percent)	4.625%	4.625%				4.625%
5.25% Senior Notes due 2025
Information related to long-term debt
Outstanding principal	$ 900,000	$ 900,000
Unamortized deferred financing costs	(10,807)	(12,535)
Unamortized discount (premium)	3,371	3,910
Total long-term debt, net of unamortized financing costs and discount/premium	$ 892,564	$ 891,375
Interest rate (as a percent)	5.25%	5.25%	5.25%	5.25%

Long-Term Debt, Activity (Detai

Long-Term Debt, Activity (Details) $ in Thousands	Oct. 19, 2018USD ($)	Oct. 18, 2018USD ($)	Nov. 20, 2017USD ($)	Mar. 30, 2017USD ($)	Dec. 29, 2018USD ($)item	Dec. 30, 2017USD ($)	Dec. 31, 2016USD ($)	Nov. 19, 2017USD ($)	Apr. 03, 2017USD ($)	Jun. 04, 2013USD ($)
Information related to senior notes
Outstanding principal					$ 1,650,000
Long-term debt					1,635,881	$ 2,217,574
Repayments of long-term debt					650,110	233,640	$ 150,000
Loss on extinguishment of debt					13,135	1,163	2,836
Accrued Interest
Accrued interest					15,600	14,600
Tranche B Term Loans due 2022
Information related to senior notes
Outstanding principal			$ 650,100	$ 640,100	0	650,110
Principal amount of debt repurchased							109,900
Increase in principal of debt			$ 10,000
Repayments of long-term debt	$ 147,900	$ 352,200			150,000
Loss on extinguishment of debt					13,100
Extinguishment of Debt
Write-off of deferred debt financing costs					11,100
Write-off of unamortized discount					$ 2,000
Tranche B Term Loans due 2022 | LIBOR
Information related to senior notes
Percentage reduction in spread from refinancing			0.25%	0.75%
Interest rate added to variable base rate (as a percent)					2.00%
Tranche B Term Loans due 2022 | Base rate
Information related to senior notes
Interest rate added to variable base rate (as a percent)					1.00%
Tranche A and B Term Loans
Extinguishment of Debt
Write-off of deferred debt financing costs							2,200
Write-off of unamortized discount							600
Revolving credit loans
Information related to senior notes
Outstanding principal					$ 50,000
Maximum capacity available			$ 700,000					$ 500,000
Outstanding letters of credit					2,200
Available borrowing capacity					$ 647,800
Commitment fees (as a percent)					0.50%
Number of quarters consolidated leverage ratio to be maintained | item					4
Number of quarters consolidated interest coverage ratio to be maintained | item					4
Revolving credit loans | Minimum
Information related to senior notes
Consolidated interest leverage ratio					1.75
Revolving credit loans | Maximum
Information related to senior notes
Consolidated leverage ratio					7
Senior secured leverage ratio					4
Revolving credit loans | LIBOR | Minimum
Information related to senior notes
Interest rate added to variable base rate (as a percent)					1.25%
Revolving credit loans | LIBOR | Maximum
Information related to senior notes
Interest rate added to variable base rate (as a percent)					1.75%
Revolving credit loans | Base rate | Minimum
Information related to senior notes
Interest rate added to variable base rate (as a percent)					0.25%
Revolving credit loans | Base rate | Maximum
Information related to senior notes
Interest rate added to variable base rate (as a percent)					0.75%
Letters of credit facility
Information related to senior notes
Maximum capacity available					$ 50,000
Fronting fee (as a percent)					0.25%
4.625% Senior notes due 2021
Information related to senior notes
Outstanding principal					$ 700,000	$ 700,000
Interest rate (as a percent)					4.625%	4.625%				4.625%
Principal amount of notes										$ 700,000
Debt issuance price (as a percent)										100.00%
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%
5.25% Senior Notes due 2025
Information related to senior notes
Outstanding principal					$ 900,000	$ 900,000
Principal amount of debt repurchased									$ 500,000
Interest rate (as a percent)			5.25%		5.25%	5.25%			5.25%
Interest rate at period end (as a percent)			5.03%
Principal amount of notes			$ 400,000						$ 500,000
Debt issuance price (as a percent)			101.00%						100.00%
5.25% Senior Notes due 2025 | Redemption period beginning April 1, 2020
Information related to senior notes
Redemption price (as a percent)					103.9375%
5.25% Senior Notes due 2025 | Redemption period on or after April 1, 2023
Information related to senior notes
Redemption price (as a percent)					100.00%
Tranche A term loan due 2019
Information related to senior notes
Principal amount of debt repurchased							$ 40,100
Extinguishment of Debt
Write-off of deferred debt financing costs						$ 900
Write-off of unamortized discount						$ 300

Long-Term Debt - Contractual Ma

Long-Term Debt - Contractual Maturities (Details) - USD ($) $ in Thousands	Dec. 29, 2018	Dec. 30, 2017
Aggregate contractual maturities of long-term debt
2,021	$ 700,000
2,022	50,000
Thereafter	900,000
Outstanding principal	1,650,000
Accrued interest	$ 15,600	$ 14,600

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Financial assets and liabilities at fair value
Term loans and senior notes, carrying value	$ 1,635,881	$ 2,217,574
Outstanding principal	1,650,000
Changes in level 3
Level 3 activity	0	0	$ 0
Tranche B Term Loans due 2022
Financial assets and liabilities at fair value
Face amount of senior notes		$ 650,100
Outstanding principal	$ 0
4.625% Senior notes due 2021
Financial assets and liabilities at fair value
Interest rate (as a percent)	4.625%	4.625%
5.25% Senior Notes due 2025
Financial assets and liabilities at fair value
Interest rate (as a percent)	5.25%	5.25%
Face amount of senior notes	$ 900,000
Carrying Value | Revolving credit loans
Financial assets and liabilities at fair value
Term loans and senior notes, carrying value	50,000
Carrying Value | Tranche B Term Loans due 2022
Financial assets and liabilities at fair value
Term loans and senior notes, carrying value		$ 647,831
Carrying Value | 4.625% Senior notes due 2021
Financial assets and liabilities at fair value
Term loans and senior notes, carrying value	700,000	700,000
Carrying Value | 5.25% Senior Notes due 2025
Financial assets and liabilities at fair value
Term loans and senior notes, carrying value	903,371	903,910
Fair value measured on recurring basis | Fair Value | Revolving credit loans | Level 2
Financial assets and liabilities at fair value
Term loans and senior notes, fair value	50,000
Fair value measured on recurring basis | Fair Value | Tranche B Term Loans due 2022 | Level 2
Financial assets and liabilities at fair value
Term loans and senior notes, fair value		652,689
Fair value measured on recurring basis | Fair Value | 4.625% Senior notes due 2021 | Level 1
Financial assets and liabilities at fair value
Term loans and senior notes, fair value	684,250	710,500
Fair value measured on recurring basis | Fair Value | 5.25% Senior Notes due 2025 | Level 1
Financial assets and liabilities at fair value
Term loans and senior notes, fair value	$ 837,877	$ 919,729

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss - Reclassifications (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 29, 2018	Sep. 29, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 30, 2017	Sep. 30, 2017	Jul. 01, 2017	Apr. 01, 2017	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Reclassification from AOCL
Income tax expense (benefit)									$ 49,842	$ (69,401)	$ 67,641
Net income	$ (111,924)	$ (31,988)	$ (7,976)	$ (20,547)	$ (129,908)	$ (32,730)	$ (22,061)	$ (32,764)	(172,435)	(217,463)	(109,425)
Defined Benefit Pension Plan Items | Amount Reclassified from AOCL
Reclassification from AOCL
Total before tax									698	552	498
Income tax expense (benefit)									(174)	(218)	(188)
Net income									524	334	310
Amortization of unrecognized prior service cost | Amount Reclassified from AOCL
Reclassification from AOCL
Total before tax									2	35	44
Amortization of unrecognized loss | Amount Reclassified from AOCL
Reclassification from AOCL
Total before tax									$ 696	$ 517	$ 454

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss - Changes in AOCI (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Changes in accumulated other comprehensive income (loss)
Beginning balance	$ 880,819	$ 785,657	$ 457,685
Net current period other comprehensive income (loss)	(2,746)	(1,392)	(6,668)
Ending balance	900,049	880,819	785,657
Defined Benefit Pension Plan Items
Changes in accumulated other comprehensive income (loss)
Beginning balance	(12,985)	(7,200)	(8,712)
Other comprehensive income (loss) before reclassifications	237	(6,119)	1,202
Amounts reclassified from AOCL	524	334	310
Net current period other comprehensive income (loss)	761	(5,785)	1,512
Ending balance	(12,224)	(12,985)	(7,200)
Foreign Currency Translation Adjustments
Changes in accumulated other comprehensive income (loss)
Beginning balance	(7,771)	(12,164)	(3,984)
Other comprehensive income (loss) before reclassifications	(3,507)	4,393	(8,180)
Net current period other comprehensive income (loss)	(3,507)	4,393	(8,180)
Ending balance	(11,278)	(7,771)	(12,164)
Accumulated Other Comprehensive Loss
Changes in accumulated other comprehensive income (loss)
Beginning balance	(20,756)	(19,364)	(12,696)
Other comprehensive income (loss) before reclassifications	(3,270)	(1,726)	(6,978)
Amounts reclassified from AOCL	524	334	310
Net current period other comprehensive income (loss)	(2,746)	(1,392)	(6,668)
Ending balance	$ (23,502)	$ (20,756)	$ (19,364)

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Components of income before income tax expense
U.S.	$ 217,044	$ 136,015	$ 150,266
Foreign	5,233	12,047	26,800
Income before income tax expense (benefit)	222,277	148,062	177,066
Current:
Federal	41,583	3,977	1,993
State	7,775	2,584	1,348
Foreign	1,978	4,563	8,110
Subtotal	51,336	11,124	11,451
Deferred:
Federal	3,508	(88,716)	50,587
State	(3,190)	10,401	6,229
Foreign	(1,812)	(2,210)	(626)
Subtotal	(1,494)	(80,525)	56,190
Income tax expense (benefit)	$ 49,842	$ (69,401)	$ 67,641

Income Taxes - Tax Reconciliati

Income Taxes - Tax Reconciliation (Details)	Jan. 01, 2018	Dec. 31, 2017	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Income Taxes
Expected tax expense (as a percent)	21.00%	35.00%	21.00%	35.00%	35.00%
Increase (decrease):
State income taxes, net of federal income tax benefit (as a percent)			2.90%	4.40%	2.90%
Impact on deferred taxes from changes in state tax rates (as a percent)			(1.60%)	3.90%	1.00%
Foreign income taxes (as a percent)			0.80%	2.30%	2.80%
Impact on deferred taxes from U.S. Tax Act (as a percent)			0.30%	(90.00%)
Permanent differences (as a percent)			0.10%	(0.40%)	(0.10%)
Foreign tax credit (as a percent)			(0.10%)	(1.60%)	(3.10%)
Other (as a percent)			(1.00%)	(0.50%)	(0.30%)
Total (as a percent)			22.40%	(46.90%)	38.20%

Income Taxes - Deferred Taxes (

Income Taxes - Deferred Taxes (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 30, 2017	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Income Taxes
Income tax benefit from reduction in net U.S. deferred income tax liability	$ 133,300
Tax expense/(benefit) resulting from changes in state apportionments or state tax laws		$ (3,500)	$ 5,800	$ 1,800
Deferred tax assets:
Accounts receivable, principally due to allowance	37	24	37
Inventories, principally due to additional costs capitalized for tax purposes	2,695	2,090	2,695
Accruals and other liabilities	6,806	8,512	6,806
Net operating loss and tax credit carry forwards	4,462	4,663	4,462
Subtotal	14,000	15,289	14,000
Valuation allowance	0	(961)	0	0
Total	14,000	14,328	14,000
Deferred tax liabilities:
Plant and equipment	(16,224)	(18,592)	(16,224)
Goodwill and other intangible assets	(222,851)	(217,811)	(222,851)
Prepaid expenses and other	(8,081)	(8,887)	(8,081)
Total	(247,156)	(245,290)	(247,156)
Net deferred tax liabilities	(233,156)	(230,962)	(233,156)
Valuation allowance	0	961	0	$ 0
Reserve for uncertain tax position	$ 0	600	$ 0
Increase in uncertain tax position taken during current period		600
Intangibles for tax purposes		$ 1,048,700

Income Taxes, U.S. Tax Act (Det

Income Taxes, U.S. Tax Act (Details) - USD ($) $ in Millions	Jan. 01, 2018	Dec. 31, 2017	Dec. 30, 2017	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Income Taxes
U.S. federal corporate income tax rate (as a percent)	21.00%	35.00%		21.00%	35.00%	35.00%
Income tax benefit from reduction in net U.S. deferred income tax liability			$ 133.3
Blended state rate				$ (3.5)	$ 5.8	$ 1.8
Repatriation expense					$ 0.9

Capital Stock (Details)

Capital Stock (Details)	Dec. 29, 2018item
Capital Stock
Number of votes to which holders of common shares are entitled for each share held	1

Capital Stock - Stock Repurchas

Capital Stock - Stock Repurchases Program (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		12 Months Ended
	Dec. 29, 2018	Jun. 30, 2018	Dec. 30, 2017	Dec. 31, 2016	Mar. 13, 2018
Stock repurchase program
Stock repurchased and retired (in shares)	295,377	694,749
Average price per share (in dollars per share)	$ 28.39	$ 26.65
Stock repurchased and retired (in dollars)	$ 8.4	$ 18.5
Available for future repurchases (in dollars)	$ 23.1
Stock repurchased (in shares)			0	0
Maximum
Stock repurchase program
Value of stock authorized for repurchase					$ 50

Capital Stock - Stock Offerings

Capital Stock - Stock Offerings (Details) - USD ($) $ / shares in Units, $ in Thousands	Aug. 12, 2016	Mar. 15, 2016	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Capital Stock
Issuance of stock (in shares)	3,750,000	4,600,000
Share price (in dollars per share)	$ 49	$ 33.55
Proceeds from issuance of common stock, net	$ 179,900	$ 152,000	$ 60	$ 112	$ 331,879

Pension Benefits (Details)

Pension Benefits (Details) $ in Thousands	12 Months Ended
	Dec. 29, 2018USD ($)plan	Dec. 30, 2017USD ($)	Dec. 31, 2016USD ($)
Pension Benefits
Number of defined benefit pension plans | plan	4
Percentage of employees covered by defined benefit pension plans	43.00%
Change in projected benefit obligation:
Projected benefit obligation at beginning of year	$ 143,972	$ 70,425
Projected benefit obligation acquired		50,939
Actuarial (gain) loss	(15,126)	14,219
Service cost	7,710	6,334	$ 3,325
Interest cost	5,064	4,998	2,717
Benefits paid	(3,468)	(2,943)
Projected benefit obligation at end of year	138,152	143,972	70,425
Change in plan assets:
Fair value of plan assets at beginning of year	124,252	74,397
Fair value of plan assets acquired		33,000
Actual gain on plan assets	(6,678)	11,148
Employer contributions	5,600	8,650
Benefits paid	(3,468)	(2,943)
Fair value of plan assets at end of year	119,706	124,252	$ 74,397
Net amount recognized:
Other assets	805	1,135
Other long-term liabilities	(19,251)	(20,857)
Funded status at the end of the year	(18,446)	(19,722)
Amount recognized in accumulated other comprehensive loss consists of:
Prior service cost		(2)
Actuarial loss	(19,786)	(20,799)
Deferred taxes	7,562	7,816
Accumulated other comprehensive loss	(12,224)	(12,985)
Accumulated benefit obligations	129,400	134,400
Accumulated benefit obligation in excess of plan assets	54,601	59,010
Fair value of plan assets	$ 40,935	$ 39,956

Pension Benefits - Net Periodic

Pension Benefits - Net Periodic Pension Cost, AOCI (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Amounts in accumulated other comprehensive loss that are expected to be recognized as components of net periodic benefit cost
Actuarial loss	$ 858
Total	$ 858
Weighted-average assumptions
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	$ 7,710	$ 6,334	$ 3,325
Interest cost on projected benefit obligation	5,064	4,998	2,717
Expected return on plan assets	(8,134)	(7,041)	(4,434)
Amortization of unrecognized prior service cost	2	35	44
Amortization of unrecognized loss	696	517	454
Net periodic pension cost	$ 5,338	$ 4,843	$ 2,106
Minimum
Weighted-average assumptions
Discount rate (as a percent)	4.08%	3.45%
Maximum
Weighted-average assumptions
Discount rate (as a percent)	4.18%	3.56%

Pension Benefits - Reclassifica

Pension Benefits - Reclassification (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Pension Benefits
Selling, general and administrative expenses	$ 167,389	$ 183,448	$ 157,028
Other income	3,592	3,098	1,582
ASU 2017-07 | Impact of Adoption
Pension Benefits
Selling, general and administrative expenses	2,400	1,491	1,219
Other income	$ 2,400	$ 1,491	$ 1,219
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) Excluding Service Cost, Statement of Income or Comprehensive Income [Extensible List]	Other Nonoperating Income (Expense)	Other Nonoperating Income (Expense)	Other Nonoperating Income (Expense)

Pension Benefits - Investment A

Pension Benefits - Investment Allocation (Details)	Dec. 29, 2018	Dec. 30, 2017
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	65.00%	68.00%
Fixed income securities
Pension Benefits
Target Allocation (as a percent)	25.00%
Percentage of Plan Assets at Year End	31.00%	28.00%
Other
Pension Benefits
Percentage of Plan Assets at Year End	4.00%	4.00%

Pension Benefits - Fair Value C

Pension Benefits - Fair Value Common Stock (Details) - USD ($) $ in Thousands	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Pension Benefits
Fair value of pension plan assets	$ 119,706	$ 124,252	$ 74,397
Level 1
Pension Benefits
Fair value of pension plan assets	119,706	124,252
Cash | Level 1
Pension Benefits
Fair value of pension plan assets	4,235	5,655
U.S. mutual funds | Level 1
Pension Benefits
Fair value of pension plan assets	43,645	52,058
Foreign mutual funds | Level 1
Pension Benefits
Fair value of pension plan assets	14,678	9,143
U.S. common stocks
Pension Benefits
U.S. common stocks invested in B&G Foods, Inc.	11,500	5,800
U.S. common stocks | Level 1
Pension Benefits
Fair value of pension plan assets	19,031	10,465
Foreign common stocks | Level 1
Pension Benefits
Fair value of pension plan assets	511	12,481
U.S. mutual funds | Level 1
Pension Benefits
Fair value of pension plan assets	$ 37,606	$ 34,450

Pension Benefits - Multi-Employ

Pension Benefits - Multi-Employer Defined Benefit Pension Plan (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		12 Months Ended
	Jun. 30, 2018	Jul. 04, 2015	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Benefit payments
2,019			$ 3,845
2,020			4,187
2,021			4,601
2,022			5,125
2,023			5,514
2024 to 2028			35,511
Anticipated contribution in fiscal year 2019			0
Defined contribution plans
Matching component of contribution by employer to defined contribution plan			1,700	$ 1,600	$ 1,100
Defined benefit pension plans
Number of shares of company's common stock (in shares)	227,667
Share price (in dollars per share)	$ 28.27
Value of company's common stock	$ 6,400
Multi-Employer Defined Benefit Pension Plan
Contribution to the multi-employer plan			$ 800	900	800
Maximum contribution to multi-employer plan (as a percent)			5.00%
Projected benefit obligation acquired				50,939
Fair value of plan assets acquired				33,000
Spices and Seasonings
Multi-Employer Defined Benefit Pension Plan
Projected benefit obligation acquired				50,900
Fair value of plan assets acquired				33,000
Spices and Seasonings | Other liabilities
Multi-Employer Defined Benefit Pension Plan
Other liabilities relating to underfunded status of defined benefit plan assets and liabilities			$ 17,900	17,900	17,500
Maximum
Multi-Employer Defined Benefit Pension Plan
Surcharges paid			100	$ 100	$ 100
Surcharges expected to be paid			$ 100
Plan
Multi-Employer Defined Benefit Pension Plan
Plan expected to increase (as a percent)		5.00%

Commitments and Contingencies_2

Commitments and Contingencies (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Operating Leases
Total rental expense	$ 13,100	$ 12,400	$ 9,100
Future minimum lease payments under non-cancelable operating leases
2,019	12,298
2,020	10,953
2,021	8,991
2,022	4,733
2,023	4,784
Thereafter	8,445
Total	$ 50,204

Commitments and Contingencies -

Commitments and Contingencies - Collective Bargaining (Details)	12 Months Ended
	Dec. 29, 2018employee
Information related to Collective Bargaining Agreements
Number of employees	2,675
Covered under collective bargaining agreements
Information related to Collective Bargaining Agreements
Number of employees	1,626
Percentage of total employees covered under collective bargaining agreements	61.00%
Collective bargaining agreements expiring with next 12 months
Information related to Collective Bargaining Agreements
Number of employees	80
Collective bargaining agreements expiration period	12 months

Incentive Plans (Details)

Incentive Plans (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 29, 2018	Dec. 30, 2017
Share-based Compensation Arrangement by Share-based Payment Award
Annual bonus accrual	$ 0	$ 0
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	2,274,515
Performance shares
Share-based Compensation Arrangement by Share-based Payment Award
Performance period	3 years
Performance shares | Minimum
Share-based Compensation Arrangement by Share-based Payment Award
Percentage of target number of shares that may be earned	50.00%
Performance shares | Maximum
Share-based Compensation Arrangement by Share-based Payment Award
Percentage of target number of shares that may be earned	200.00%

Incentive Plans - Performance (

Incentive Plans - Performance (Details) - Performance shares - $ / shares	12 Months Ended
	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Number of Shares
Balance at the beginning of the period (in shares)	437,218
Granted (in shares)	242,436
Vested (in shares)	(150,255)	(110,528)	(101,094)
Forfeited (in shares)	(20,082)
Balance at the end of the period (in shares)	509,317	437,218
Weighted Average Grant Date Fair Value
Balance at the beginning of the period (in dollars per share)	$ 29.36
Granted (in dollars per share)	21.39
Vested (in dollars per share)	23.84
Forfeited (in dollars per share)	26.86
Balance at the end of the period (in dollars per share)	$ 27.30	$ 29.36
Maximum
Share-based Compensation Arrangement by Share-based Payment Award
Percentage of target number of shares that may be earned	200.00%

Incentive Plans - Stock Options

Incentive Plans - Stock Options (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 29, 2018	Dec. 30, 2017
Options
Exercised (in shares)	(1,787)	(4,011)
Stock Option
Options
Outstanding at beginning of fiscal period (in shares)	832,569
Granted (in shares)	397,864
Exercised (in shares)	(1,787)
Forfeited (in shares)	(33,515)
Cancelled (in shares)	(1,026)
Outstanding at end of quarter (in shares)	1,194,105	832,569
Exercisable at end of quarter (in shares)	531,316
Weighted Average Exercise Price
Outstanding at beginning of fiscal period (in dollar per share)	$ 33.45
Granted (in dollars per share)	27
Exercised (in dollars per share)	27.77
Forfeited (in dollars per share)	30.66
Cancelled (in dollars per share)	27.77
Outstanding at end of quarter (in dollar per share)	31.40	$ 33.45
Exercisable at end of quarter ( in dollars per share)	$ 31.36
Weighted Average Contractual Life Remaining (Years)
Weighted Average Contractual Life Remaining (Years)	7 years 5 months 16 days
Exercisable, Weighted Average Contractual Life Remaining (Years)	6 years 1 month 24 days
Aggregate Intrinsic Value
Outstanding at end of quarter, Aggregate Intrinsic Value	$ 986
Exercisable, Aggregate Intrinsic Value	$ 149
Assumptions:
Weighted average grant date fair value (in dollars per share)	$ 3.74	$ 7.29
Stock Option | Minimum
Assumptions:
Expected volatility (as a percent)	30.60%	27.50%
Expected term	5 years 6 months	5 years 6 months
Risk-free interest rate (as a percent)	2.60%	1.80%
Dividend yield (as a percent)	6.70%	4.50%
Stock Option | Maximum
Assumptions:
Expected volatility (as a percent)	31.70%	29.20%
Expected term	6 years 6 months	6 years 6 months
Risk-free interest rate (as a percent)	2.80%	2.40%
Dividend yield (as a percent)	8.10%	5.22%

Incentive Plans - Other Vested

Incentive Plans - Other Vested (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Share based compensation expense related to long-term incentive plans
Stock options exercised (in shares)	1,787	4,011
Total shares of common stock issued	129,783	92,730	79,570
Excess tax benefit			$ 343
Non-Employee Directors
Share based compensation expense related to long-term incentive plans
Total shares of common stock issued	35,039	20,559	16,072
Performance shares
Share based compensation expense related to long-term incentive plans
Number of performance shares vested	150,255	110,528	101,094
Shares withheld to fund statutory minimum tax withholding	57,298	42,368	37,596
Total shares of common stock issued	92,957	68,160	63,498
Stock Option
Share based compensation expense related to long-term incentive plans
Stock options exercised (in shares)	1,787

Incentive Plans - Share-based p

Incentive Plans - Share-based payments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Compensation expense
Total compensation expense for share-based payments	$ 3,025	$ 4,615	$ 5,798
Performance shares
Compensation expense
Unrecognized compensation expense	0
Stock Option
Compensation expense
Unrecognized compensation expense	$ 1,200
Period over which unrecognized compensation expense is expected to be recognized	3 years
Cost of Goods Sold
Compensation expense
Total compensation expense for share-based payments	$ 1,236	1,203	1,060
Selling, General and Administrative Expenses
Compensation expense
Total compensation expense for share-based payments	$ 1,789	$ 3,412	$ 4,738

Net Sales by Brand (Details)

Net Sales by Brand (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 29, 2018	Sep. 29, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 30, 2017	Sep. 30, 2017	Jul. 01, 2017	Apr. 01, 2017	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Brand
Net sales	$ 458,055	$ 422,602	$ 388,378	$ 431,729	$ 466,353	$ 406,051	$ 361,676	$ 412,307	$ 1,700,764	$ 1,646,387	$ 1,372,307
Minimum
Brand
Specific brand sale to total sale (as a percent)									3.00%
Green Giant - frozen
Brand
Net sales									$ 372,696	330,004	294,963
Spices and Seasonings
Brand
Net sales									255,965	259,196	28,171
Ortega
Brand
Net sales									141,265	137,276	140,248
Green Giant - shelf stable
Brand
Net sales									107,476	120,541	153,636
Pirate Brands
Brand
Net sales									74,853	87,705	82,865
Back To Nature
Brand
Net sales									69,704	20,283
Maple Grove Farms of Vermont
Brand
Net sales									68,048	67,987	72,525
Cream of Wheat
Brand
Net sales									62,520	60,833	61,661
Mrs. Dash
Brand
Net sales									58,676	59,816	60,388
All other brands
Brand
Net sales									$ 489,561	$ 502,746	$ 477,850

Restructuring (Details)

Restructuring (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Dec. 31, 2016	Oct. 01, 2016	Dec. 29, 2018	Dec. 30, 2017
Restructuring
Employee severance and other employee costs		$ 0.8
Non-cash write off of equipment	$ 0.3
Restructuring expenses			$ 0	$ 0

Quarterly Financial Data (una_3

Quarterly Financial Data (unaudited) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 29, 2018	Sep. 29, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 30, 2017	Sep. 30, 2017	Jul. 01, 2017	Apr. 01, 2017	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Quarterly Financial Data (unaudited)
Net sales	$ 458,055	$ 422,602	$ 388,378	$ 431,729	$ 466,353	$ 406,051	$ 361,676	$ 412,307	$ 1,700,764	$ 1,646,387	$ 1,372,307
Gross profit	49,932	115,039	81,173	103,356	93,860	120,942	104,557	121,219	349,500	440,578	429,012
Net income	$ 111,924	$ 31,988	$ 7,976	$ 20,547	$ 129,908	$ 32,730	$ 22,061	$ 32,764	$ 172,435	$ 217,463	$ 109,425
Basic earnings per share (in dollars per share)	$ 1.70	$ 0.49	$ 0.12	$ 0.31	$ 1.95	$ 0.49	$ 0.33	$ 0.49	$ 2.61	$ 3.27	$ 1.73
Diluted earnings per share (in dollars per share)	1.70	0.48	0.12	0.31	1.95	0.49	0.33	0.49	2.60	3.26	1.73
Cash dividends declared per share (in dollars per share)	$ 0.475	$ 0.475	$ 0.475	$ 0.465	$ 0.465	$ 0.465	$ 0.465	$ 0.465	$ 1.89	$ 1.86	$ 1.73

Guarantor and Non-Guarantor F_3

Guarantor and Non-Guarantor Financial Information (Details) - USD ($) $ in Thousands	Dec. 29, 2018	Dec. 30, 2017	Nov. 20, 2017	Apr. 03, 2017	Dec. 31, 2016	Jan. 02, 2016	Jun. 04, 2013
Current assets:
Cash and cash equivalents	$ 11,648	$ 206,506
Trade accounts receivable, less allowance for doubtful accounts and discounts of $1,851 and $1,824 as of December 29, 2018 and December 30, 2017, respectively	151,707	141,392
Inventories, net	401,355	501,849
Prepaid expenses and other current assets	19,988	20,054
Income tax receivable	1,398	16,794
Total current assets	586,096	886,595
Property, plant and equipment, net	282,553	272,192
Goodwill	584,435	649,292
Other intangibles, net	1,595,569	1,748,220
Other assets	1,206	1,617
Deferred income taxes	4,940	3,122
Total assets	3,054,799	3,561,038
Current liabilities:
Trade accounts payable	140,000	122,358
Accrued expenses	55,660	48,067
Income tax payable	31,624	139
Dividends payable	31,178	30,922
Total current liabilities	258,462	201,486
Long-term debt	1,635,881	2,217,574
Other liabilities	24,505	24,881
Deferred income taxes	235,902	236,278
Total liabilities	2,154,750	2,680,219
Stockholders' equity:
Preferred stock
Common Stock	656	665
Additional paid-in capital	116,339	266,789
Accumulated other comprehensive loss	(23,502)	(20,756)
Retained earnings	806,556	634,121
Total stockholders' equity	900,049	880,819			$ 785,657	$ 457,685
Total liabilities and stockholders' equity	$ 3,054,799	$ 3,561,038
4.625% Senior notes due 2021
Interest rate (as a percent)	4.625%	4.625%					4.625%
5.25% Senior Notes due 2025
Interest rate (as a percent)	5.25%	5.25%	5.25%	5.25%
Reportable Legal Entities | Parent
Current assets:
Investments in subsidiaries	$ 2,584,598	$ 3,163,482
Total assets	2,584,598	3,163,482
Current liabilities:
Dividends payable	31,178	30,922
Total current liabilities	31,178	30,922
Long-term debt	1,653,371	2,251,741
Total liabilities	1,684,549	2,282,663
Stockholders' equity:
Preferred stock
Common Stock	656	665
Additional paid-in capital	116,339	266,789
Accumulated other comprehensive loss	(23,502)	(20,756)
Retained earnings	806,556	634,121
Total stockholders' equity	900,049	880,819
Total liabilities and stockholders' equity	2,584,598	3,163,482
Reportable Legal Entities | Guarantor Subsidiaries
Current assets:
Cash and cash equivalents	9,871	204,815
Trade accounts receivable, less allowance for doubtful accounts and discounts of $1,851 and $1,824 as of December 29, 2018 and December 30, 2017, respectively	140,464	129,769
Inventories, net	332,774	428,613
Prepaid expenses and other current assets	15,995	15,932
Income tax receivable		16,259
Total current assets	499,104	795,388
Property, plant and equipment, net	238,128	229,219
Goodwill	584,435	649,292
Other intangibles, net	1,595,569	1,748,220
Other assets	1,193	1,603
Deferred income taxes		(1)
Investments in subsidiaries	93,069	91,766
Total assets	3,011,498	3,515,487
Current liabilities:
Trade accounts payable	115,946	102,594
Accrued expenses	53,386	45,586
Income tax payable	31,247
Intercompany payables	(16,581)	(23,167)
Total current liabilities	183,998	125,013
Long-term debt	(17,490)	(34,167)
Other liabilities	24,490	24,881
Deferred income taxes	235,902	236,278
Total liabilities	426,900	352,005
Stockholders' equity:
Preferred stock
Additional paid-in capital	1,803,769	2,552,342
Accumulated other comprehensive loss	(23,502)	(20,756)
Retained earnings	804,331	631,896
Total stockholders' equity	2,584,598	3,163,482
Total liabilities and stockholders' equity	3,011,498	3,515,487
Reportable Legal Entities | Non-Guarantor Subsidiaries
Current assets:
Cash and cash equivalents	1,777	1,691
Trade accounts receivable, less allowance for doubtful accounts and discounts of $1,851 and $1,824 as of December 29, 2018 and December 30, 2017, respectively	11,243	11,623
Inventories, net	68,581	73,236
Prepaid expenses and other current assets	3,993	4,122
Income tax receivable	1,398	535
Total current assets	86,992	91,207
Property, plant and equipment, net	44,425	42,973
Other assets	13	14
Deferred income taxes	4,940	3,123
Total assets	136,370	137,317
Current liabilities:
Trade accounts payable	24,054	19,764
Accrued expenses	2,274	2,481
Income tax payable	377	139
Intercompany payables	16,581	23,167
Total current liabilities	43,286	45,551
Other liabilities	15
Total liabilities	43,301	45,551
Stockholders' equity:
Preferred stock
Additional paid-in capital	68,253	68,253
Accumulated other comprehensive loss	(11,279)	(7,771)
Retained earnings	36,095	31,284
Total stockholders' equity	93,069	91,766
Total liabilities and stockholders' equity	136,370	137,317
Eliminations
Current assets:
Investments in subsidiaries	(2,677,667)	(3,255,248)
Total assets	(2,677,667)	(3,255,248)
Stockholders' equity:
Preferred stock
Additional paid-in capital	(1,872,022)	(2,620,595)
Accumulated other comprehensive loss	34,781	28,527
Retained earnings	(840,426)	(663,180)
Total stockholders' equity	(2,677,667)	(3,255,248)
Total liabilities and stockholders' equity	$ (2,677,667)	$ (3,255,248)

Guarantor and Non-Guarantor F_4

Guarantor and Non-Guarantor Financial Information - Operating Income and Expense (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 29, 2018	Sep. 29, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 30, 2017	Sep. 30, 2017	Jul. 01, 2017	Apr. 01, 2017	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Net sales	$ 458,055	$ 422,602	$ 388,378	$ 431,729	$ 466,353	$ 406,051	$ 361,676	$ 412,307	$ 1,700,764	$ 1,646,387	$ 1,372,307
Cost of goods sold									1,351,264	1,205,809	943,295
Gross profit	49,932	115,039	81,173	103,356	93,860	120,942	104,557	121,219	349,500	440,578	429,012
Operating expenses:
Selling, general and administrative expenses									167,389	183,448	157,028
Amortization expense									18,343	17,611	13,803
(Gain) loss on sale of assets									(176,386)	1,608
Impairment of intangible assets											5,405
Operating income									340,154	237,911	252,776
Other income and expenses:
Interest expense, net									108,334	91,784	74,456
Loss on extinguishment of debt									13,135	1,163	2,836
Other expense (income)									(3,592)	(3,098)	(1,582)
Income before income tax expense (benefit)									222,277	148,062	177,066
Income tax expense (benefit)									49,842	(69,401)	67,641
Net income	$ 111,924	$ 31,988	$ 7,976	$ 20,547	$ 129,908	$ 32,730	$ 22,061	$ 32,764	172,435	217,463	109,425
Comprehensive income (loss)									169,689	216,071	$ 102,757
Eliminations
Net sales									(104,479)	(87,635)
Cost of goods sold									(104,479)	(87,635)
Other income and expenses:
Equity in earnings of subsidiaries									(177,246)	(227,229)
Net income									(177,246)	(227,229)
Comprehensive income (loss)									(172,978)	(237,406)
Parent | Reportable Legal Entities
Other income and expenses:
Equity in earnings of subsidiaries									172,435	217,463
Net income									172,435	217,463
Comprehensive income (loss)									169,689	216,071
Guarantor Subsidiaries | Reportable Legal Entities
Net sales									1,609,650	1,557,328
Cost of goods sold									1,272,381	1,141,080
Gross profit									337,269	416,248
Operating expenses:
Selling, general and administrative expenses									160,392	171,165
Amortization expense									18,343	17,611
(Gain) loss on sale of assets									(176,386)	1,608
Operating income									334,920	225,864
Other income and expenses:
Interest expense, net									108,334	91,784
Loss on extinguishment of debt									13,135	1,163
Other expense (income)									(3,592)	(3,098)
Income before income tax expense (benefit)									217,043	136,015
Income tax expense (benefit)									49,419	(71,682)
Equity in earnings of subsidiaries									4,811	9,766
Net income									172,435	217,463
Comprehensive income (loss)									171,674	223,248
Non-Guarantor Subsidiaries | Reportable Legal Entities
Net sales									195,593	176,694
Cost of goods sold									183,362	152,364
Gross profit									12,231	24,330
Operating expenses:
Selling, general and administrative expenses									6,997	12,283
Operating income									5,234	12,047
Other income and expenses:
Income before income tax expense (benefit)									5,234	12,047
Income tax expense (benefit)									423	2,281
Net income									4,811	9,766
Comprehensive income (loss)									$ 1,304	$ 14,158

Guarantor and Non-Guarantor F_5

Guarantor and Non-Guarantor Financial Information - Operating Income and Expense, Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Reclassifications
Selling, general and administrative expenses	$ (167,389)	$ (183,448)	$ (157,028)
Loss on sale of assets	$ (176,386)	1,608
Reclassification of Loss on Sale of Assets | Impact of Adoption
Reclassifications
Selling, general and administrative expenses		1,608
Loss on sale of assets		$ 1,608

Guarantor and Non-Guarantor F_6

Guarantor and Non-Guarantor Financial Information - Cash Flows (Details) - USD ($) $ in Thousands	Aug. 12, 2016	Mar. 15, 2016	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Cash flows from operating activities:
Net cash provided by (used in) operating activities			$ 209,456	$ 37,799	$ 289,661
Cash flows from investing activities:
Capital expenditures			(41,627)	(59,802)	(42,418)
Proceeds from sale of assets			420,002	2,229
Payments for acquisition of businesses, net of cash acquired			(30,787)	(162,965)	(438,787)
Net cash provided by (used in) investing activities			347,588	(220,538)	(481,205)
Cash flows from financing activities:
Repayments of long-term debt			(650,110)	(233,640)	(150,000)
Proceeds from issuance of long-term debt				914,000
Repayments of borrowings under revolving credit facility			(170,000)	(571,000)	(99,000)
Borrowings under revolving credit facility			220,000	395,000	235,000
Proceeds from issuance of common stock, net	$ 179,900	$ 152,000	60	112	331,879
Dividends paid			(124,524)	(123,631)	(100,807)
Payments for repurchase of common stock, net			(26,920)
Payments of tax withholding on behalf of employees for net share settlement of share-based compensation			(1,833)	(1,962)	(1,410)
Debt financing costs				(19,543)
Net cash (used in) provided by financing activities			(753,327)	359,336	216,005
Effect of exchange rate fluctuations on cash and cash equivalents			1,425	1,076	(874)
Net (decrease) increase in cash and cash equivalents			(194,858)	177,673	23,587
Cash and cash equivalents at beginning of year			206,506	28,833	5,246
Cash and cash equivalents at end of year			11,648	206,506	28,833
Parent | Reportable Legal Entities
Cash flows from financing activities:
Repayments of long-term debt			(650,110)	(233,640)
Proceeds from issuance of long-term debt				914,000
Repayments of borrowings under revolving credit facility			(170,000)	(571,000)
Borrowings under revolving credit facility			220,000	395,000
Proceeds from issuance of common stock, net			60	112
Dividends paid			(124,524)	(123,631)
Payments for repurchase of common stock, net			(26,920)
Intercompany transactions			751,494	(380,841)
Guarantor Subsidiaries | Reportable Legal Entities
Cash flows from operating activities:
Net cash provided by (used in) operating activities			197,094	44,762
Cash flows from investing activities:
Capital expenditures			(34,503)	(47,503)
Proceeds from sale of assets			420,002	2,229
Payments for acquisition of businesses, net of cash acquired			(30,787)	(162,965)
Net cash provided by (used in) investing activities			354,712	(208,239)
Cash flows from financing activities:
Payments of tax withholding on behalf of employees for net share settlement of share-based compensation			(1,833)	(1,962)
Debt financing costs				(19,543)
Intercompany transactions			(744,918)	364,678
Net cash (used in) provided by financing activities			(746,751)	343,173
Net (decrease) increase in cash and cash equivalents			(194,945)	179,696
Cash and cash equivalents at beginning of year			204,815	25,119
Cash and cash equivalents at end of year			9,870	204,815	25,119
Non-Guarantor Subsidiaries | Reportable Legal Entities
Cash flows from operating activities:
Net cash provided by (used in) operating activities			12,362	(6,963)
Cash flows from investing activities:
Capital expenditures			(7,124)	(12,299)
Net cash provided by (used in) investing activities			(7,124)	(12,299)
Cash flows from financing activities:
Intercompany transactions			(6,576)	16,163
Net cash (used in) provided by financing activities			(6,576)	16,163
Effect of exchange rate fluctuations on cash and cash equivalents			1,425	1,076
Net (decrease) increase in cash and cash equivalents			87	(2,023)
Cash and cash equivalents at beginning of year			1,691	3,714
Cash and cash equivalents at end of year			$ 1,778	$ 1,691	$ 3,714

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended
	Feb. 28, 2019	Oct. 01, 2016
Subsequent events
Severance and related charges		$ 0.8
Subsequent Event
Subsequent events
Severance and related charges	$ 1.9
Subsequent Event | Reduced employee expenses
Subsequent events
Pre-tax annual effect on future earnings	$ 4

Schedule II Schedule of Valua_2

Schedule II Schedule of Valuation and Qualifying Accounts (Details) - Allowance for doubtful accounts and discounts - USD ($) $ in Thousands	12 Months Ended
	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Changes in Valuation and Qualifying Accounts
Balance at beginning of period	$ 1,824	$ 1,719	$ 1,167
Charged to costs and expenses	65	378	559
Deductions	38	273	7
Balance at end of period	$ 1,851	$ 1,824	$ 1,719