B&G Foods (BGS) 10-Q 6 Aug 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 29, 2019	Jul. 30, 2019
Document and Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 29, 2019
Entity File Number	001-32316
Entity Registrant Name	B&G FOODS, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	13-3918742
Entity Address, Address Line One	Four Gatehall Drive
Entity Address, City or Town	Parsippany
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07054
City Area Code	973
Local Phone Number	401-6500
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	BGS
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		65,375,514
Current Fiscal Year End Date	--12-28
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Entity Central Index Key	0001278027
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 29, 2019	Dec. 29, 2018
Current assets:
Cash and cash equivalents	$ 19,911	$ 11,648
Trade accounts receivable, net	136,493	151,707
Inventories	404,754	401,355
Prepaid expenses and other current assets	26,223	19,988
Income tax receivable	10,056	1,398
Total current assets	597,437	586,096
Property, plant and equipment, net of accumulated depreciation of $269,056 and $230,200 as of June 29, 2019 and December 29, 2018, respectively	305,322	282,553
Operating lease right-of-use assets	42,059
Goodwill	597,827	584,435
Other intangibles, net	1,622,477	1,595,569
Other assets	1,083	1,206
Deferred income taxes	5,562	4,940
Total assets	3,171,767	3,054,799
Current liabilities:
Trade accounts payable	113,536	140,000
Accrued expenses	43,240	55,660
Operating lease liabilities, current portion	9,915
Income tax payable	410	31,624
Dividends payable	31,053	31,178
Total current liabilities	198,154	258,462
Long-term debt	1,802,626	1,635,881
Net deferred tax liabilities	243,754	235,902
Long-term operating lease liabilities, net of current portion	35,421
Other liabilities	23,452	24,505
Total liabilities	2,303,407	2,154,750
Commitments and contingencies (Note 12)
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; 65,375,514 and 65,638,701 shares issued and outstanding as of June 29, 2019 and December 29, 2018, respectively	654	656
Additional paid-in capital	46,284	116,339
Accumulated other comprehensive loss	(20,176)	(23,502)
Retained earnings	841,598	806,556
Total stockholders' equity	868,360	900,049
Total liabilities and stockholders' equity	$ 3,171,767	$ 3,054,799

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 29, 2019	Dec. 29, 2018
Consolidated Balance Sheets
Property, plant and equipment, accumulated depreciation (in dollars)	$ 249,862	$ 230,200
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	65,375,514	65,638,701
Common stock, shares outstanding	65,375,514	65,638,701

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 29, 2019	Jun. 30, 2018	Jun. 29, 2019	Jun. 30, 2018
Consolidated Statements of Operations
Net sales	$ 371,197	$ 388,378	$ 783,931	$ 820,107
Cost of goods sold	279,330	307,205	603,985	635,578
Gross profit	91,867	81,173	179,946	184,529
Operating expenses:
Selling, general and administrative expenses	39,856	37,272	78,153	79,840
Amortization expense	4,601	4,609	9,092	9,218
Operating income	47,410	39,292	92,701	95,471
Other income and expenses:
Interest expense, net	23,179	27,607	46,253	55,913
Loss on extinguishment of debt		546		3,324
Other (income) expense	(525)	388	(783)	(1,666)
Income before income tax expense	24,756	10,751	47,231	37,900
Income tax expense	6,505	2,775	12,189	9,377
Net income	$ 18,251	$ 7,976	$ 35,042	$ 28,523
Weighted average shares outstanding:
Basic (in shares)	65,341,356	66,307,190	65,463,964	66,412,421
Diluted (in shares)	65,390,515	66,353,639	65,503,835	66,534,542
Earnings per share:
Basic (in dollars per share)	$ 0.28	$ 0.12	$ 0.54	$ 0.43
Diluted (in dollars per share)	0.28	0.12	0.53	0.43
Cash dividends declared per share (in dollars per share)	$ 0.475	$ 0.475	$ 0.950	$ 0.940

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 29, 2019	Mar. 30, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 29, 2019	Jun. 30, 2018
Consolidated Statements of Comprehensive Income
Net income	$ 18,251	$ 16,791	$ 7,976	$ 20,547	$ 35,042	$ 28,523
Other comprehensive income:
Foreign currency translation adjustments	1,543	1,458	(5,659)	3,132	3,001	(2,527)
Amortization of unrecognized prior service cost and pension deferrals, net of tax	163	$ 162	138	$ 111	325	249
Other comprehensive income (loss)	1,706		(5,521)		3,326	(2,278)
Comprehensive income	$ 19,957		$ 2,455		$ 38,368	$ 26,245

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Loss	Retained Earnings	Total
Beginning balance at Dec. 30, 2017	$ 665	$ 266,789	$ (20,756)	$ 634,121	$ 880,819
Balance (in shares) at Dec. 30, 2017	66,499,044
Increase (Decrease) in Stockholders' Equity
Foreign currency translation			3,132		3,132
Change in pension benefit (net of of income taxes)			111		111
Net income				20,547	20,547
Share-based compensation		838			838
Issuance of common stock for share-based compensation	$ 1	(1,834)			(1,833)
Issuance of common stock for share-based compensation (in shares)	94,076
Dividends declared on common stock		(30,966)			(30,966)
Ending balance at Mar. 31, 2018	$ 666	234,827	(17,513)	654,668	872,648
Balance (in shares) at Mar. 31, 2018	66,593,120
Beginning balance at Dec. 30, 2017	$ 665	266,789	(20,756)	634,121	880,819
Balance (in shares) at Dec. 30, 2017	66,499,044
Increase (Decrease) in Stockholders' Equity
Foreign currency translation					(2,527)
Change in pension benefit (net of of income taxes)					249
Net income					28,523
Ending balance at Jun. 30, 2018	$ 659	186,745	(23,034)	662,644	827,014
Balance (in shares) at Jun. 30, 2018	65,932,291
Beginning balance at Mar. 31, 2018	$ 666	234,827	(17,513)	654,668	872,648
Balance (in shares) at Mar. 31, 2018	66,593,120
Increase (Decrease) in Stockholders' Equity
Foreign currency translation			(5,659)		(5,659)
Change in pension benefit (net of of income taxes)			138		138
Net income				7,976	7,976
Share-based compensation		1,759			1,759
Issuance of common stock for share-based compensation (in shares)	33,920
Repurchase of common stock	$ (7)	(18,523)			$ (18,530)
Repurchase of common stock (in shares)	(694,749)				0
Dividends declared on common stock		(31,318)			$ (31,318)
Ending balance at Jun. 30, 2018	$ 659	186,745	(23,034)	662,644	827,014
Balance (in shares) at Jun. 30, 2018	65,932,291
Beginning 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
Increase (Decrease) in Stockholders' Equity
Foreign currency translation			1,458		$ 1,458
Change in pension benefit (net of of income taxes)			162		162
Net income				16,791	16,791
Share-based compensation		580			580
Issuance of common stock for share-based compensation	$ 1	(906)			(905)
Issuance of common stock for share-based compensation (in shares)	65,928
Repurchase of common stock	$ (4)	(9,996)			(10,000)
Repurchase of common stock (in shares)	(407,022)
Dividends declared on common stock		(31,016)			(31,016)
Ending balance at Mar. 30, 2019	$ 653	75,001	(21,882)	823,347	877,119
Balance (in shares) at Mar. 30, 2019	65,297,607
Beginning 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
Increase (Decrease) in Stockholders' Equity
Foreign currency translation					$ 3,001
Change in pension benefit (net of of income taxes)					325
Net income					35,042
Ending balance at Jun. 29, 2019	$ 654	46,284	(20,176)	841,598	$ 868,360
Balance (in shares) at Jun. 29, 2019	65,375,514				65,375,514
Beginning balance at Mar. 30, 2019	$ 653	75,001	(21,882)	823,347	$ 877,119
Balance (in shares) at Mar. 30, 2019	65,297,607
Increase (Decrease) in Stockholders' Equity
Foreign currency translation			1,543		1,543
Change in pension benefit (net of of income taxes)			163		163
Net income				18,251	18,251
Issuance of common stock for share-based compensation	$ 1	2,336			2,337
Issuance of common stock for share-based compensation (in shares)	77,907
Dividends declared on common stock		(31,053)			(31,053)
Ending balance at Jun. 29, 2019	$ 654	$ 46,284	$ (20,176)	$ 841,598	$ 868,360
Balance (in shares) at Jun. 29, 2019	65,375,514				65,375,514

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Jun. 29, 2019	Mar. 30, 2019	Jun. 30, 2018	Mar. 31, 2018
Consolidated Statements of Changes in Stockholders' Equity
Change in pension benefit, income taxes	$ 52	$ 53	$ 46	$ 36
Dividends declared on common stock, per share (in dollars per share)	$ 0.475	$ 0.475	$ 0.475	$ 0.475

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 29, 2019	Jun. 30, 2018
Cash flows from operating activities:
Net income	$ 35,042	$ 28,523
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	28,420	26,407
Amortization of operating lease right-of-use assets	5,377
Amortization of deferred debt financing costs and bond discount/premium	1,745	2,976
Deferred income taxes	7,240	7,511
Write-off of property, plant, and equipment	13	29
Loss on extinguishment of debt		3,324
Share-based compensation expense	1,964	2,597
Changes in assets and liabilities, net of effects of businesses acquired:
Trade accounts receivable	21,246	2,397
Inventories	10,251	51,744
Prepaid expenses and other current assets	(5,035)	(4,320)
Income tax receivable/payable	(39,759)	51
Other assets	122	161
Trade accounts payable	(32,335)	(6,374)
Accrued expenses	(16,749)	(11,647)
Other liabilities	(696)	1,425
Net cash provided by operating activities	16,846	104,804
Cash flows from investing activities:
Capital expenditures	(18,148)	(17,208)
Payments for acquisition of businesses, net of cash acquired	(82,430)
Net cash used in investing activities	(100,578)	(17,208)
Cash flows from financing activities:
Repayments of long-term debt		(150,000)
Repayments of borrowings under revolving credit facility	(95,000)
Borrowings under revolving credit facility	260,000
Dividends paid	(62,194)	(61,888)
Payments for repurchase of common stock, net	(10,000)	(18,529)
Payments of tax withholding on behalf of employees for net share settlement of share-based compensation	(905)	(1,832)
Net cash provided by (used in) financing activities	91,901	(232,249)
Effect of exchange rate fluctuations on cash and cash equivalents	94	987
Net decrease in cash and cash equivalents	8,263	(143,666)
Cash and cash equivalents at beginning of period	11,648	206,506
Cash and cash equivalents at end of period	19,911	62,840
Supplemental disclosures of cash flow information:
Cash interest payments	45,302	53,025
Cash income tax payments	44,710	1,628
Non-cash investing and financing transactions:
Dividends declared and not yet paid	31,053	31,318
Accruals related to purchases of property, plant and equipment	2,142	$ 206
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 533

Nature of Operations

Nature of Operations	6 Months Ended
	Jun. 29, 2019
Nature of Operations
Nature of Operations	(1) 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, cookies and crackers, baking powder, baking soda, corn starch, 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 Clabber Girl Cream of Rice Cream of Wheat Davis 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 Rumford Sa-són Sclafani SnackWell’s Spice Islands Spring Tree Sugar Twin Tone’s Trappey’s TrueNorth Underwood Vermont Maid Victoria Weber Wright’s Static Guard

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 29, 2019
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	(2) Summary of Significant Accounting Policies Fiscal Year Typically, our fiscal quarters and fiscal year consist of 13 and 52 weeks, respectively, ending on the Saturday closest to December 31 in the case of our fiscal year and fourth fiscal quarter, and on the Saturday closest to the end of the corresponding calendar quarter in the case of our fiscal quarters. As a result, a 53 rd Basis of Presentation The accompanying unaudited consolidated interim financial statements for the thirteen and twenty-six week periods ended June 29, 2019 (second quarter and first two quarters of 2019) and June 30, 2018 (second quarter and first two quarters of 2018) have been prepared by our company in accordance with generally accepted accounting principles in the United States (GAAP) pursuant to the rules and regulations of the Securities and Exchange Commission (SEC), and include the accounts of B&G Foods, Inc. and its subsidiaries. Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with GAAP have been omitted pursuant to such rules and regulations. However, our management believes, to the best of their knowledge, that the disclosures herein are adequate to make the information presented not misleading. All intercompany balances and transactions have been eliminated. The accompanying unaudited consolidated interim financial statements contain all adjustments that are, in the opinion of management, necessary to present fairly our consolidated financial position as of June 29, 2019, and the results of our operations, comprehensive income and cash flows for the second quarter and first two quarters of 2019 and 2018. Our results of operations for the second quarter and first two quarters of 2019 are not necessarily indicative of the results to be expected for the full year. We have evaluated subsequent events for disclosure through the date of issuance of the accompanying unaudited consolidated interim financial statements. The accompanying unaudited consolidated interim financial statements should be read in conjunction with the audited consolidated financial statements and notes included in our Annual Report on Form 10-K for fiscal 2018 filed with the SEC on February 26, 2019. Use of Estimates The preparation of financial statements in accordance with 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; and the determination of the useful life of customer relationship and finite-lived trademark intangibles. 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. Newly Adopted Accounting Standards In February 2018, the Financial Accounting Standards Board (FASB) issued a new Accounting Standards Update (ASU) related to the Tax Cuts and Jobs Act, which we refer to as the “U.S. Tax Act.” The ASU allows for a company to elect to make a one-time reclassification from accumulated other comprehensive loss to retained earnings for stranded tax effects resulting from the change in corporate tax rate as a result of the U.S. Tax Act. The reclassification is the difference between the amount previously recorded in accumulated other comprehensive loss at the historical U.S. federal tax rate that remains in accumulated other comprehensive loss at the time the U.S. Tax Act was effective and the amount that would have been recorded using the newly enacted rate. Additionally, the ASU requires a company to disclose whether or not it elects to make the reclassification. This guidance became effective during the first quarter of 2019. We elected to not make the optional one-time reclassification. 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 (ROU) model 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. We adopted the new standard prospectively when it became effective in the first quarter of 2019 and applied the new standard to all leases existing at the date of initial application. The new standard provides a number of optional practical expedients in transition. We elected 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 did not elect the use-of-hindsight or the practical expedient pertaining to land easements; the latter not being applicable to us. We elected all of the new standard’s available transition practical expedients that were applicable to us. The new standard also provides practical expedients for an entity’s ongoing accounting. We also elected the short-term lease recognition exemption for all leases that qualify. This means, for those leases with a lease term of twelve months or less, we did not recognize ROU assets or lease liabilities. We also elected the practical expedient to not separate lease and non-lease components for all of our leases. This standard did not have a material effect on our financial statements. Upon adoption, the most significant effects related to (1) the recognition of new ROU assets and lease liabilities on our balance sheet for our operating leases, which was $39.6 million and $42.6 million, respectively, as of the beginning of the period; and (2) providing additional new disclosures about our leasing activities. Recently Issued Accounting Standards 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.

Acquisitions and Divestitures

Acquisitions and Divestitures	6 Months Ended
	Jun. 29, 2019
Acquisitions And Divestitures
Acquisitions and Divestitures	(3) Acquisitions and Divestitures Clabber Girl On May 15, 2019, we acquired Clabber Girl Corporation, a leader in baking products, including baking powder, baking soda and corn starch, from Hulman & Company for approximately $84.6 million in cash, subject to customary closing and post-closing working capital adjustments. In addition to Clabber Girl Rumford Davis Hearth Club Royal Royal Clabber Girl The following table sets forth the preliminary allocation of the Clabber Girl Clabber Girl ​ ​ ​ ​ Preliminary Allocation: ​ May 15, 2019 Cash and cash equivalents ​ $ 2,202 Trade accounts receivable, net ​ ​ 5,627 Inventories ​ ​ 11,305 Prepaid expenses and other current assets ​ ​ 154 Income tax receivable ​ ​ 7 Property, plant and equipment, net ​ ​ 20,697 Operating lease right-of-use assets ​ ​ 6,488 Trademarks — indefinite-lived intangible assets ​ ​ 18,500 Customer relationship intangibles — finite-lived intangible assets ​ ​ 17,500 Trade accounts payable ​ ​ (3,007) Accrued expenses ​ ​ (1,315) Operating lease liabilities, current portion ​ ​ (863) Long-term operating lease liabilities, net of current portion ​ ​ (6,055) Goodwill ​ ​ 13,392 Total purchase price (paid in cash) ​ $ 84,632 ​ The Clabber Girl McCann’s Acquisition On July 16, 2018, we acquired the McCann’s McCann’s The following table sets forth the preliminary allocation of the McCann’s McCann’s ​ ​ ​ ​ ​ Preliminary Allocation: ​ July 16, 2018 Property, plant and equipment ​ $ 12 Inventories ​ ​ 973 Trademarks — indefinite-lived intangible assets ​ ​ 24,800 Customer relationship intangibles — finite-lived intangible assets ​ ​ 2,000 Accrued expenses ​ ​ (292) Goodwill ​ ​ 3,294 Total purchase price (paid in cash) ​ $ 30,787 ​ The McCann’s Pirate Brands Divestiture 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 Original Tings ​ ​ ​ ​ ​ October 17, 2018 Cash received $ 420,002 Assets sold: ​ ​ Inventories ​ (6,688) Property, plant and equipment ​ (404) Customer relationships — finite-lived intangible assets ​ (8,408) Trademarks — indefinite-lived 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 that was paid during the first quarter of 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	6 Months Ended
	Jun. 29, 2019
Inventories
Inventories	(4) Inventories Inventories are stated at the lower of cost or net realizable value and include direct material, direct labor, overhead, warehousing and product transfer costs. Cost is determined using the first-in, first-out and average cost methods. Inventories have been reduced by an allowance for excess, obsolete and unsaleable inventories. The allowance is an estimate based on management’s review of inventories on hand compared to estimated future usage and sales. Inventories consist of the following, as of the dates indicated (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ June 29, 2019 December 29, 2018 Raw materials and packaging ​ $ 78,460 ​ $ 61,905 Work-in-process ​ ​ 33,833 ​ ​ 95,282 Finished goods ​ 292,461 ​ 244,168 Inventories ​ $ 404,754 ​ $ 401,355 ​

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	6 Months Ended
	Jun. 29, 2019
Goodwill and Other Intangible Assets
Goodwill and Other Intangible Assets	(5) 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): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 29, 2019 ​ December 29, 2018 ​ Gross Carrying Accumulated Net Carrying Gross Carrying Accumulated Net Carrying ​ Amount Amortization Amount Amount Amortization Amount Finite-Lived Intangible Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Trademarks ​ $ 19,600 ​ $ 3,916 ​ $ 15,684 ​ $ 19,600 ​ $ 3,369 ​ $ 16,231 Customer relationships ​ 353,090 ​ 120,497 ​ 232,593 ​ 335,590 ​ 111,952 ​ 223,638 Total finite-lived intangible assets ​ $ 372,690 ​ $ 124,413 ​ $ 248,277 ​ $ 355,190 ​ $ 115,321 ​ $ 239,869 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Indefinite-Lived Intangible Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ $ 597,827 ​ ​ ​ ​ ​ ​ ​ $ 584,435 ​ ​ ​ ​ ​ ​ Trademarks ​ $ 1,374,200 ​ ​ ​ ​ ​ ​ ​ $ 1,355,700 ​ ​ ​ ​ ​ ​ ​ As a result of the Clabber Girl Amortization expense associated with finite-lived intangible assets for the second quarter and first two quarters of 2019 was $4.6 million and $9.1 million, respectively, and is recorded in operating expenses. Amortization expense associated with finite-lived intangible assets for the second quarter and first two quarters of 2018 was $4.6 million and $9.2 million, respectively. We expect to recognize an additional $9.4 million of amortization expense associated with our finite-lived intangible assets during the remainder of fiscal 2019, and thereafter $18.8 million of amortization expense in each of the fiscal years 2020, 2021 and 2022, respectively, and $18.7 million in each of fiscal 2023 and 2024. See Note 3, “Acquisitions and Divestitures.”

Long-Term Debt

Long-Term Debt	6 Months Ended
	Jun. 29, 2019
Long-Term Debt
Long-Term Debt	(6) Long-Term Debt Long-term debt consists of the following, as of the dates indicated (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ June 29, 2019 December 29, 2018 Revolving credit loans $ 215,000 $ 50,000 4.625% senior notes due 2021 ​ 700,000 ​ 700,000 5.25% senior notes due 2025 ​ ​ 900,000 ​ ​ 900,000 Unamortized deferred financing costs ​ ​ (15,475) ​ (17,490) Unamortized premium ​ 3,101 ​ 3,371 Total long-term debt, net of unamortized deferred financing costs and premium ​ $ 1,802,626 ​ $ 1,635,881 ​ As of June 29, 2019, the aggregate contractual maturities of long-term debt are as follows (in thousands): ​ ​ ​ Fiscal year ending: ​ ​ 2019 $ — 2020 — 2021 700,000 2022 215,000 2023 — Thereafter 900,000 Total $ 1,815,000 ​ Senior Secured Credit Agreement. 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. We made optional prepayments of aggregate principal amount of our tranche B term loans of $125.0 million in the first quarter of 2018 and $25.0 million in the second quarter of 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, including $0.5 million and $3.3 million in the second quarter and first two quarters of 2018, respectively. At June 29, 2019, the available borrowing capacity under our revolving credit facility, net of outstanding letters of credit of $1.6 million, was $483.4 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 June 29, 2019, there was $215.0 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 June 29, 2019, 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 June 29, 2019, we were in compliance with all of the covenants, including the financial covenants, in the credit agreement. The credit agreement also provides for an incremental term loan and revolving loan facility, pursuant to which we may request that the lenders under the credit agreement, and potentially other lenders, provide unlimited additional amounts of term loans or revolving loans or both on terms substantially consistent with those provided under the credit agreement. Among other things, the utilization of the incremental facility is conditioned on our ability to meet a maximum senior secured leverage ratio of 4.00 to 1.00, and a sufficient number of lenders or new lenders agreeing to participate in the facility. 4.625% enior Notes due 2021. 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 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 June 29, 2019, we were in compliance with all of the covenants in the indenture governing the 4.625% senior notes. 5.25% Senior Notes due 2025 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. 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 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 June 29, 2019, we were in compliance with all of the covenants in the indenture governing the 5.25% senior notes. ​ Subsidiary Guarantees. Accrued Interest Loss on Extinguishment of Debt ​

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 29, 2019
Fair Value Measurements
Fair Value Measurements	(7) Fair Value Measurements The authoritative accounting literature relating to fair value measurements defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). The accounting literature outlines a valuation framework and creates a fair value hierarchy in order to increase the consistency and comparability of fair value measurements and the related disclosures. Under 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. The carrying values and fair values of our revolving credit loans, term loans, 4.625% senior notes and 5.25% senior notes as of June 29, 2019 and December 29, 2018 are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 29, 2019 ​ ​ December 29, 2018 ​ Carrying Value Fair Value Carrying Value Fair Value Revolving credit loans ​ $ 215,000 ​ $ 215,000 (1) $ 50,000 ​ $ 50,000 (1) 4.625% senior notes due 2021 ​ ​ 700,000 ​ 698,250 (2) ​ 700,000 ​ 684,250 (2) 5.25% senior notes due 2025 ​ $ 903,101 (3) $ 907,617 (2) $ 903,371 (3) $ 837,877 (2) (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) Fair values are estimated based on quoted market prices. (3) The carrying values of the 5.25% senior notes due 2025 include a premium. At June 29, 2019 and December 29, 2018 the face amount of the 5.25% senior notes due 2025 was $900.0 million. There was no Level 3 activity during the second quarter or first two quarters of 2019 or 2018.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	6 Months Ended
	Jun. 29, 2019
Accumulated Other Comprehensive Loss.
Accumulated Other Comprehensive Loss	(8) Accumulated Other Comprehensive Loss The reclassifications from accumulated other comprehensive loss (AOCL) for the second quarter and first two quarters of 2019 and 2018 are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amounts Reclassified from AOCL ​ ​ ​ Thirteen Weeks Ended ​ Twenty-six Weeks Ended ​ Affected Line Item in ​ June 29, June 30, June 29, June 30, ​ the Statement Where Details about AOCL Components 2019 2018 2019 2018 Net Income is Presented Defined benefit pension plan items ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortization of unrecognized prior service cost $ — ​ $ 1 ​ $ — ​ $ 1 ​ See (1) below Amortization of unrecognized loss 215 ​ 183 ​ ​ 430 ​ ​ 331 ​ See (1) below Accumulated other comprehensive loss before tax 215 ​ 184 ​ 430 ​ 332 ​ Total before tax Tax expense (52) ​ (46) ​ (105) ​ (83) ​ Income tax expense Total reclassification $ 163 ​ $ 138 ​ $ 325 ​ $ 249 ​ Net of tax (1) These items are included in the computation of net periodic pension cost. See Note 10, “Pension Benefits,” for additional information. ​ Changes in AOCL for the first two quarters of 2019 are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreign Currency ​ ​ ​ ​ ​ Defined Benefit ​ Translation ​ ​ ​ ​ Pension Plan Items Adjustments Total Balance at December 29, 2018 $ (12,224) $ (11,278) $ (23,502) Other comprehensive income before reclassifications ​ — ​ 3,001 ​ 3,001 Amounts reclassified from AOCL ​ 325 ​ — ​ 325 Net current period other comprehensive income ​ 325 ​ 3,001 ​ 3,326 Balance at June 29, 2019 $ (11,899) $ (8,277) $ (20,176) ​ ​ As a result of accounting guidance issued by the FASB in February 2018, we had the option to elect to make a one-time reclassification from accumulated other comprehensive loss to retained earnings for stranded tax effects resulting from the change in corporate tax rate as a result of the U.S. Tax Act. This guidance became effective during the first quarter of 2019. We elected to not make the optional one-time reclassification.

Stock Repurchase Program

Stock Repurchase Program	6 Months Ended
	Jun. 29, 2019
Treasury Stock Value [Abstract]
Stock Repurchase Program	(9) Stock Repurchase Program 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 that authorization, we repurchased and retired 1,397,148 shares of common stock at an average price per share (excluding fees and commissions) of $26.41, or $36.9 million in the aggregate, including 407,022 shares of common stock at an average price per share (excluding fees and commissions) of $24.55, or $10.0 million in the aggregate, during the first quarter of 2019. We did not repurchase any shares of common stock during the first two quarters of 2018. On March 12, 2019, our board of directors authorized an extension of our stock repurchase program from March 15, 2019 to March 15, 2020. In extending the repurchase program, our board of directors also reset the repurchase authority to up to $50.0 million. We did not repurchase any shares of common stock during the second quarter of 2019. Therefore, as of June 29, 2019, we had $50.0 million available for future repurchases of common stock under the stock repurchase program. 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 future stock repurchases, if any, under the program will be at the discretion of management, and will depend on a variety of factors, including price, available cash, general business and market conditions and other investment opportunities. Therefore, we cannot assure you as to the number or aggregate dollar amount of additional shares, if any, that will be repurchased under the program. We may discontinue the program at any time. Any shares repurchased pursuant to the program will be retired. ​

Pension Benefits

Pension Benefits	6 Months Ended
	Jun. 29, 2019
Pension Benefits
Pension Benefits	(10) Pension Benefits Company Sponsored Defined Benefit Pension Plans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen Weeks Ended ​ Twenty-six Weeks Ended ​ June 29, ​ June 30, ​ June 29, ​ June 30, ​ 2019 2018 2019 2018 Service cost—benefits earned during the period $ 1,734 ​ $ 1,909 ​ $ 3,671 ​ $ 3,894 Interest cost on projected benefit obligation 1,431 ​ 1,267 ​ 2,873 ​ 2,529 Expected return on plan assets (1,913) ​ (2,008) ​ (3,827) ​ (4,009) Amortization of unrecognized prior service cost — ​ 1 ​ — ​ 1 Amortization of unrecognized loss 215 ​ 183 ​ 430 ​ 331 Net periodic pension cost $ 1,467 ​ $ 1,352 ​ $ 3,147 ​ $ 2,746 ​ During the first two quarters of 2019, we did not make any defined benefit plan contributions. During the first two quarters of 2018, we made $1.1 million of defined benefit pension plan contributions. Multi-Employer Defined Benefit Pension Plan . 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 unaudited consolidated interim 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 $0.5 million in the first two quarters of 2019 and expects to pay surcharges of less than $0.3 million in fiscal 2019 assuming consistent hours are worked. B&G Foods contributed $0.5 million in fiscal 2018 and paid less than $0.1 million in surcharges. These contributions represented less than five percent of total contributions made to the plan.

Leases

Leases	6 Months Ended
	Jun. 29, 2019
Leases [Abstract]
Leases	(11) Leases Operating Leases ​ ​ ​ ​ ​ June 29, ​ 2019 Right-of-use assets: ​ ​ Operating lease right-of-use assets $ 42,059 ​ ​ ​ Operating lease liabilities: ​ ​ Operating lease liabilities, current portion $ 9,915 Long-term operating lease liabilities, net of current portion ​ 35,421 Total operating lease liabilities $ 45,336 ​ We determine whether an arrangement is a lease at inception. We have operating leases for certain of our manufacturing facilities, distribution centers, warehouse and storage facilities, machinery and equipment, and office equipment. Our leases have remaining lease terms of one year to seven years, some of which include options to extend the lease term for up to five years, and some of which include options to terminate the lease within one year. We consider these options in determining the lease term used to establish our right-of use assets and lease liabilities. Supplemental information related to leases: ​ ​ ​ ​ ​ ​ ​ ​ June 29, 2019 ​ Thirteen Weeks Ended ​ Twenty-six Weeks Ended Operating cash flow information: ​ ​ ​ ​ ​ Cash paid for amounts included in the measurement of operating lease liabilities $ 2,795 ​ $ 5,497 ​ ​ ​ ​ ​ ​ The components of lease costs were as follows: ​ ​ ​ ​ ​ Cost of goods sold $ 769 ​ $ 1,437 Selling, general and administrative expenses ​ 1,970 ​ ​ 3,940 Total lease costs $ 2,739 ​ $ 5,377 ​ Total rent expense was $4.0 million, including the operating lease costs of $2.7 million stated above, for the second quarter of 2019, and $7.2 million, including the operating lease costs of $5.4 million stated above, for the first two quarters of 2019. Total rent expense was $3.2 million and $6.5 million, respectively, for the second quarter and first two quarters of 2018. Because our operating leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. We have lease agreements that contain both lease and non-lease components. With the exception of our real estate leases, we account for our leases as a single lease component. See Note 2, “Summary of Significant Accounting Policies — Newly Adopted Accounting Standards The following table shows the lease term and discount rate for our ROU assets: ​ ​ ​ ​ June 29, ​ 2019 Weighted average remaining lease term (years) ​ 5.8 Weighted average discount rate ​ 4.07% ​ As of June 29, 2019, the maturities of operating lease liabilities were as follows (in thousands): ​ ​ ​ ​ ​ Fiscal year ending: ​ ​ 2019 ​ $ 5,873 2020 ​ ​ 10,797 2021 ​ 10,087 2022 ​ 5,622 2023 ​ 5,608 Thereafter ​ ​ 13,519 Total undiscounted future minimum lease payments ​ ​ 51,506 Less: Imputed interest ​ (6,170) Total present value of future operating lease liabilities ​ $ 45,336 ​ ​ As previously disclosed in our 2018 Annual Report on Form 10-K and under the previous lease standard (Topic 840), as of December 29, 2018, future minimum lease payments under non-cancelable operating leases in effect at year-end (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 undiscounted future minimum lease payments ​ $ 50,204 ​

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 29, 2019
Commitments and Contingencies
Commitments and Contingencies	(12) Commitments and Contingencies Legal Proceedings. Environmental. Collective Bargaining Agreements. Clabber Girl Severance and Change of Control Agreements.

Earnings per Share

Earnings per Share	6 Months Ended
	Jun. 29, 2019
Earnings per Share
Earnings per Share	(13) Earnings per Share Basic earnings per share is calculated by dividing net income by the weighted average number of shares of common stock outstanding. Diluted earnings per share is calculated by dividing net income by the weighted average number of shares of common stock outstanding plus all additional shares of common stock that would have been outstanding if potentially dilutive shares of common stock had been issued upon the exercise of stock options or in connection with performance shares that may be earned under long-term incentive awards as of the grant date, in the case of the stock options, and as of the beginning of the period, in the case of the performance shares, using the treasury stock method. For the second quarter of 2019 and 2018, there were 1,076,206 and 1,225,416, respectively, shares of common stock issuable upon the exercise of stock options excluded from the calculation of diluted weighted average shares outstanding because the effect would have been anti-dilutive on diluted earnings per share. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen Weeks Ended ​ Twenty-six Weeks Ended ​ June 29, June 30, June 29, June 30, ​ 2019 2018 2019 2018 Weighted average shares outstanding: ​ ​ ​ ​ ​ ​ ​ Basic 65,341,356 ​ 66,307,190 ​ 65,463,964 ​ 66,412,421 Net effect of potentially dilutive share-based compensation awards 49,159 ​ 46,449 ​ 39,871 ​ 122,121 Diluted 65,390,515 ​ 66,353,639 ​ 65,503,835 ​ 66,534,542 ​

Business and Credit Concentrati

Business and Credit Concentrations and Geographic Information	6 Months Ended
	Jun. 29, 2019
Business and Credit Concentrations and Geographic Information
Business and Credit Concentrations and Geographic Information	(14) Business and Credit Concentrations and Geographic Information 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 55.0% and 56.0% of consolidated net sales for the first two quarters of 2019 and 2018, respectively. Our top ten customers accounted for approximately 57.7% and 54.8% of our consolidated trade accounts receivables as of June 29, 2019 and December 29, 2018, respectively. Other than Walmart, which accounted for 25.8% and 24.8% of our consolidated net sales for the first two quarters of 2019 and 2018, respectively, no single customer accounted for more than 10.0% of our consolidated net sales for the first two quarters of 2019 or 2018. Other than Walmart, which accounted for 28.0% and 24.9% of our consolidated trade accounts receivables as of June 29, 2019 and December 29, 2018, respectively, no single customer accounted for more than 10.0% of our consolidated trade accounts receivables. As of June 29, 2019, 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 the first two quarters of 2019 and 2018, our sales to customers in foreign countries represented approximately 7.6% and 6.9%, respectively, of net sales. Our foreign sales are primarily to customers in Canada.

Share-Based Payments

Share-Based Payments	6 Months Ended
	Jun. 29, 2019
Share-Based Payments
Share-Based Payments	(15) Share-Based Payments The following table details our stock option activity for the first two quarters of fiscal 2019 (dollars in thousands, except per share data): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ Weighted Average ​ ​ ​ ​ ​ ​ Average ​ Contractual Life ​ Aggregate ​ Options Exercise Price Remaining (Years) Intrinsic Value Outstanding at December 29, 2018 1,194,105 ​ $ 31.40 ​ ​ ​ ​ ​ Granted 40,938 ​ $ 22.68 ​ ​ ​ ​ Exercised — ​ $ — ​ ​ ​ ​ ​ Forfeited (116,223) ​ $ 30.23 ​ ​ ​ ​ ​ Cancelled ​ (1,676) ​ $ 29.10 ​ ​ ​ ​ ​ Outstanding at June 29, 2019 1,117,144 ​ $ 31.20 6.93 ​ $ 83 Exercisable at June 29, 2019 818,483 ​ $ 31.94 6.30 ​ $ — ​ 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. ​ ​ ​ ​ ​ ​ ​ ​ 2019 2018 Weighted average grant date fair value $ 2.44 $ 3.74 Expected volatility ​ 31.27% ​ ​ 30.6% - 31.7% Expected term ​ 5.5 years ​ ​ 5.5 - 6.5 years Risk-free interest rate ​ 1.86% ​ ​ 2.6% - 2.8% Dividend yield ​ 8.38% ​ ​ 6.7% - 8.1% ​ ​ The following table sets forth the compensation expense recognized for share-based payments (performance share long-term incentive awards (LTIAs), stock options, non-employee director stock grants, restricted stock and other share based payments) during the second quarter and first two quarters of 2019 and 2018 and where that expense is reflected in our consolidated statements of operations (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen Weeks Ended ​ Twenty-six Weeks Ended ​ June 29, ​ June 30, ​ June 29, ​ June 30, Consolidated Statements of Operations Location 2019 2018 2019 2018 Compensation expense included in cost of goods sold $ 157 ​ $ 495 ​ $ 330 ​ $ 764 Compensation expense included in selling, general and administrative expenses 1,227 ​ 1,264 ​ 1,634 ​ 1,833 Total compensation expense for share-based payments $ 1,384 ​ $ 1,759 ​ $ 1,964 ​ $ 2,597 ​ As of June 29, 2019, there was $2.9 million of unrecognized compensation expense related to performance share LTIAs, which is expected to be recognized over the next 2.5 years, and $0.9 million of unrecognized compensation expense related to stock options, which is expected to be recognized over the next 1.3 years. During the first two quarters of 2019, our company extended the post-retirement exercise period for 48,727 vested options held by board members (from six months to the full remaining term) and 517,785 vested options held by three retired executives (from six months to three-years) and recognized an additional $0.7 million of pre-tax share-based compensation expense in the second quarter of 2019, which is reflected in the table above. The following table details the activity in our non-vested performance share LTIAs for the first two quarters of 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted Average ​ ​ Number of ​ Grant Date Fair Value ​ Performance Shares (1) (per share) (2) Outstanding at December 29, 2018 509,317 ​ $ 27.30 Granted 382,574 ​ $ 18.88 Vested (102,893) ​ $ 29.04 Forfeited (124,229) ​ $ 26.35 Outstanding at June 29, 2019 664,769 ​ $ 22.38 (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. The following table details the number of shares of common stock issued by our company during the second quarter and first two quarters of 2019 and 2018 upon the vesting of performance share LTIAs, the exercise of stock options, restricted stock and other share-based payments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen Weeks Ended ​ Twenty-six Weeks Ended ​ June 29, June 30, June 29, June 30, ​ 2019 2018 2019 2018 Number of performance shares vested ​ — ​ — ​ 102,893 ​ 150,255 Shares withheld to fund statutory minimum tax withholding ​ — ​ — ​ (36,965) ​ (57,298) Shares of common stock issued for performance share LTIAs ​ — ​ — ​ 65,928 ​ 92,957 Shares of common stock issued to non-employee directors for annual equity grants ​ 45,848 ​ 33,920 ​ 45,848 ​ 35,039 Shares of restricted common stock issued to employees ​ ​ 32,059 ​ ​ — ​ ​ 32,059 ​ ​ — Total shares of common stock issued ​ 77,907 ​ 33,920 ​ 143,835 ​ 127,996 ​

Workforce Reduction

Workforce Reduction	6 Months Ended
	Jun. 29, 2019
Workforce Reduction
Workforce Reduction	(16) Workforce Reduction Workforce Reduction Expenses Retirement Expenses

Net Sales by Brand

Net Sales by Brand	6 Months Ended
	Jun. 29, 2019
Net Sales by Brand
Net Sales by Brand	(17) Net Sales by Brand The following table sets forth net sales by brand (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen Weeks Ended ​ Twenty-six Weeks Ended ​ ​ June 29, ​ June 30, ​ June 29, ​ June 30, ​ ​ 2019 ​ 2018 ​ 2019 ​ 2018 Brand: (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Green Giant $ 87,657 $ 84,182 ​ $ 188,520 $ 179,071 Spices & Seasonings (2) ​ ​ 61,012 ​ ​ 63,670 ​ ​ 124,238 ​ ​ 126,430 Ortega ​ 34,048 ​ 34,068 ​ 71,300 ​ 71,922 Green Giant (3) ​ 18,310 ​ 13,446 ​ ​ 44,749 ​ 39,129 Maple Grove Farms of Vermont ​ 17,778 ​ 17,078 ​ 35,675 ​ 34,043 Back to Nature ​ ​ 16,003 ​ ​ 17,622 ​ ​ 32,665 ​ ​ 37,662 Mrs. Dash ​ 14,427 ​ 14,513 ​ 29,635 ​ 31,249 Cream of Wheat ​ 11,678 ​ 11,777 ​ 29,088 ​ 30,201 Pirate Brands (4) ​ — ​ 25,206 ​ — ​ 46,202 All other brands ​ ​ 110,284 ​ ​ 106,816 ​ ​ 228,061 ​ ​ 224,198 Total $ 371,197 $ 388,378 ​ $ 783,931 $ 820,107 (1) Table includes net sales for each of our brands whose net sales for the first two quarters of 2019 or fiscal 2018 represent 3% or more of our total net sales for those periods, 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) Includes net sales for multiple brands acquired as part of the spices & seasonings acquisition that we completed on November 21, 2016, including French’s ® seasoning mixes, which we discontinued during the third quarter of 2018 following the expiration of a licensing agreement. Does not include net sales for Mrs. Dash and our other legacy spices & seasonings brands. (3) Does not include net sales of the Le Sueur brand. Net sales of the Le Sueur brand are included below in “All other brands.” (4) See Note 3, “Acquisitions and Divestitures.”

Guarantor and Non-Guarantor Fin

Guarantor and Non-Guarantor Financial Information	6 Months Ended
	Jun. 29, 2019
Guarantor and Non-Guarantor Financial Information
Guarantor and Non-Guarantor Financial Information	(18) Guarantor and Non-Guarantor Financial Information As further discussed in Note 6, “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 June 29, 2019 and December 29, 2018, the related condensed consolidating statement of operations for the thirteen and twenty-six weeks ended June 29, 2019 and June 30, 2018 and the related condensed consolidating statement of cash flows for the twenty-six weeks ended June 29, 2019 and June 30, 2018 for: 1. 2. 3. 4. 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 June 29, 2019 (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Guarantor Non-Guarantor ​ ​ ​ ​ ​ ​ Parent ​ Subsidiaries ​ Subsidiaries ​ Eliminations ​ Consolidated Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ — ​ $ 16,643 ​ $ 3,268 ​ $ — ​ $ 19,911 Trade accounts receivable, net ​ — ​ 128,326 ​ ​ 8,167 ​ ​ — ​ 136,493 Inventories, net ​ — ​ 347,213 ​ ​ 57,541 ​ ​ — ​ 404,754 Prepaid expenses and other current assets ​ — ​ 21,726 ​ ​ 4,497 ​ ​ — ​ 26,223 Income tax receivable ​ — ​ 9,512 ​ ​ 544 ​ ​ — ​ 10,056 Total current assets ​ — ​ 523,420 ​ 74,017 ​ — ​ 597,437 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Property, plant and equipment, net ​ — ​ 261,137 ​ ​ 44,185 ​ ​ — ​ 305,322 Operating lease right-of-use assets ​ ​ — ​ ​ 41,974 ​ ​ 85 ​ ​ — ​ ​ 42,059 Goodwill ​ — ​ 597,827 ​ ​ — ​ ​ — ​ 597,827 Other intangibles, net ​ — ​ 1,622,477 ​ ​ — ​ ​ — ​ 1,622,477 Other assets ​ — ​ 1,070 ​ ​ 13 ​ ​ — ​ 1,083 Deferred income taxes ​ — ​ — ​ ​ 5,562 ​ ​ — ​ 5,562 Investments in subsidiaries ​ 2,717,514 ​ 98,611 ​ ​ — ​ ​ (2,816,125) ​ — Total assets ​ $ 2,717,514 ​ $ 3,146,516 ​ $ 123,862 ​ $ (2,816,125) ​ $ 3,171,767 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities and Stockholders' Equity ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Trade accounts payable ​ $ — ​ $ 101,888 ​ $ 11,648 ​ $ — ​ $ 113,536 Accrued expenses ​ — ​ ​ 40,051 ​ ​ 3,189 ​ ​ — ​ 43,240 Operating lease liabilities, current portion ​ ​ — ​ ​ 9,871 ​ ​ 44 ​ ​ — ​ ​ 9,915 Income tax payable ​ ​ — ​ ​ 1,330 ​ ​ (920) ​ ​ — ​ ​ 410 Dividends payable ​ 31,053 ​ ​ — ​ ​ — ​ ​ — ​ 31,053 Intercompany payables ​ — ​ ​ (11,235) ​ ​ 11,235 ​ ​ — ​ — Total current liabilities ​ 31,053 ​ 141,905 ​ 25,196 ​ — ​ 198,154 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Long-term debt ​ 1,818,101 ​ ​ (15,475) ​ ​ — ​ ​ — ​ 1,802,626 Deferred income taxes ​ — ​ ​ 243,754 ​ ​ — ​ ​ — ​ 243,754 Long-term operating lease liabilities, net of current portion ​ ​ — ​ ​ 35,367 ​ ​ 54 ​ ​ — ​ ​ 35,421 Other liabilities ​ — ​ ​ 23,452 ​ ​ — ​ ​ — ​ 23,452 Total liabilities ​ 1,849,154 ​ 429,003 ​ 25,250 ​ — ​ 2,303,407 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Stockholders' Equity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Preferred stock ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Common stock ​ 654 ​ ​ — ​ ​ — ​ ​ — ​ 654 Additional paid-in capital ​ 46,284 ​ ​ 1,898,316 ​ ​ 68,253 ​ ​ (1,966,569) ​ 46,284 Accumulated other comprehensive loss ​ (20,176) ​ ​ (20,176) ​ ​ (8,276) ​ ​ 28,452 ​ (20,176) Retained earnings ​ 841,598 ​ ​ 839,373 ​ ​ 38,635 ​ ​ (878,008) ​ 841,598 Total stockholders’ equity ​ 868,360 ​ 2,717,513 ​ 98,612 ​ (2,816,125) ​ 868,360 Total liabilities and stockholders’ equity ​ $ 2,717,514 ​ $ 3,146,516 ​ $ 123,862 ​ $ (2,816,125) ​ $ 3,171,767 ​ ​ 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 Deferred income taxes ​ — ​ 235,902 ​ ​ — ​ — ​ 235,902 Other liabilities ​ — ​ 24,490 ​ ​ 15 ​ — ​ 24,505 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 ​ ​ Condensed Consolidating Statement of Operations and Comprehensive Income Thirteen Weeks Ended June 29, 2019 (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Guarantor Non-Guarantor ​ ​ ​ ​ ​ ​ Parent ​ Subsidiaries ​ Subsidiaries ​ Eliminations ​ Consolidated Net sales ​ $ — ​ $ 363,329 ​ $ 46,591 ​ $ (38,723) ​ $ 371,197 Cost of goods sold ​ — ​ 273,706 ​ 44,347 ​ (38,723) ​ 279,330 Gross profit ​ — ​ 89,623 ​ 2,244 ​ — ​ 91,867 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Selling, general and administrative expenses ​ — ​ 34,887 ​ 4,969 ​ — ​ 39,856 Amortization expense ​ — ​ 4,601 ​ — ​ — ​ 4,601 Operating income (loss) ​ — ​ 50,135 ​ (2,725) ​ — ​ 47,410 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other income and expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest expense, net ​ — ​ 23,179 ​ — ​ — ​ 23,179 Other income ​ ​ — ​ ​ (525) ​ ​ — ​ ​ — ​ ​ (525) Income (loss) before income tax expense ​ — ​ 27,481 ​ (2,725) ​ — ​ 24,756 Income tax expense ​ — ​ 5,712 ​ 793 ​ — ​ 6,505 Equity in earnings (loss) of subsidiaries ​ ​ 18,251 ​ ​ (3,518) ​ ​ — ​ ​ (14,733) ​ ​ — Net income (loss) ​ $ 18,251 ​ $ 18,251 ​ $ (3,518) ​ $ (14,733) ​ $ 18,251 Comprehensive income (loss) ​ $ 19,957 ​ $ 18,088 ​ $ (1,975) ​ $ (16,113) ​ $ 19,957 ​ ​ Condensed Consolidating Statement of Operations and Comprehensive Income Twenty-six Weeks Ended June 29, 2019 (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Guarantor Non-Guarantor ​ ​ ​ ​ ​ ​ Parent ​ Subsidiaries ​ Subsidiaries ​ Eliminations ​ Consolidated Net sales ​ $ — ​ $ 753,496 ​ $ 101,616 ​ $ (71,181) ​ $ 783,931 Cost of goods sold ​ — ​ 580,006 ​ 95,160 ​ (71,181) ​ 603,985 Gross profit ​ — ​ 173,490 ​ 6,456 ​ — ​ 179,946 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Selling, general and administrative expenses ​ — ​ ​ 74,942 ​ ​ 3,211 ​ ​ — ​ 78,153 Amortization expense ​ — ​ ​ 9,092 ​ ​ — ​ ​ — ​ 9,092 Operating income ​ — ​ 89,456 ​ 3,245 ​ — ​ 92,701 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other income and expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest expense, net ​ — ​ ​ 46,253 ​ ​ — ​ ​ — ​ 46,253 Other income ​ ​ — ​ ​ (783) ​ ​ — ​ ​ — ​ ​ (783) Income before income tax expense ​ — ​ 43,986 ​ 3,245 ​ — ​ 47,231 Income tax expense ​ — ​ ​ 11,484 ​ ​ 705 ​ ​ — ​ 12,189 Equity in earnings (loss) of subsidiaries ​ ​ 35,042 ​ ​ 2,540 ​ ​ — ​ ​ (37,582) ​ ​ — Net income (loss) ​ $ 35,042 ​ $ 35,042 ​ $ 2,540 ​ $ (37,582) ​ $ 35,042 Comprehensive income (loss) ​ $ 38,368 ​ $ 34,717 ​ $ 5,541 ​ $ (40,258) ​ $ 38,368 ​ ​ Condensed Consolidating Statement of Operations and Comprehensive Income Thirteen Weeks Ended June 30, 2018 (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Guarantor Non-Guarantor ​ ​ ​ ​ ​ ​ Parent ​ Subsidiaries ​ Subsidiaries ​ Eliminations ​ Consolidated Net sales ​ $ — ​ $ 372,442 ​ $ 40,911 ​ $ (24,975) ​ $ 388,378 Cost of goods sold ​ — ​ ​ 294,431 ​ ​ 37,749 ​ ​ (24,975) ​ 307,205 Gross profit ​ — ​ 78,011 ​ 3,162 ​ — ​ 81,173 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Selling, general and administrative expenses ​ — ​ ​ 35,902 ​ ​ 1,370 ​ ​ — ​ 37,272 Amortization expense ​ — ​ ​ 4,609 ​ ​ — ​ ​ — ​ 4,609 Operating income ​ — ​ ​ 37,500 ​ ​ 1,792 ​ ​ — ​ 39,292 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other income and expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest expense, net ​ — ​ ​ 27,607 ​ ​ — ​ ​ — ​ 27,607 Loss on extinguishment of debt ​ — ​ ​ 546 ​ ​ — ​ ​ — ​ 546 Other expense ​ ​ — ​ ​ 388 ​ ​ — ​ ​ — ​ ​ 388 Income before income tax expense (benefit) ​ — ​ ​ 8,959 ​ ​ 1,792 ​ ​ — ​ 10,751 Income tax expense (benefit) ​ — ​ ​ 3,595 ​ ​ (820) ​ ​ — ​ 2,775 Equity in earnings (loss) of subsidiaries ​ ​ 7,976 ​ ​ 2,612 ​ ​ — ​ ​ (10,588) ​ ​ — Net income (loss) ​ $ 7,976 ​ $ 7,976 ​ $ 2,612 ​ $ (10,588) ​ $ 7,976 Comprehensive income (loss) ​ $ 2,455 ​ $ 7,838 ​ $ (3,047) ​ $ (4,791) ​ $ 2,455 ​ ​ Condensed Consolidating Statement of Operations and Comprehensive Income Twenty-six Weeks Ended June 30, 2018 (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Guarantor Non-Guarantor ​ ​ ​ ​ ​ ​ Parent ​ Subsidiaries ​ Subsidiaries ​ Eliminations ​ Consolidated Net sales ​ $ — ​ $ 780,290 ​ $ 93,226 ​ $ (53,409) ​ $ 820,107 Cost of goods sold ​ — ​ 605,656 ​ 83,331 ​ (53,409) ​ 635,578 Gross profit ​ — ​ 174,634 ​ 9,895 ​ — ​ 184,529 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Selling, general and administrative expenses ​ — ​ ​ 75,041 ​ ​ 4,799 ​ ​ — ​ 79,840 Amortization expense ​ — ​ ​ 9,218 ​ ​ — ​ ​ — ​ 9,218 Operating income ​ — ​ 90,375 ​ 5,096 ​ — ​ 95,471 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other income and expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest expense, net ​ — ​ ​ 55,913 ​ ​ — ​ ​ — ​ 55,913 Loss on extinguishment of debt ​ — ​ ​ 3,324 ​ ​ — ​ ​ — ​ 3,324 Other income ​ ​ — ​ ​ (1,666) ​ ​ — ​ ​ — ​ ​ (1,666) Income before income tax expense ​ — ​ 32,804 ​ 5,096 ​ — ​ 37,900 Income tax expense ​ — ​ ​ 9,093 ​ ​ 284 ​ ​ — ​ 9,377 Equity in earnings (loss) of subsidiaries ​ ​ 28,523 ​ ​ 4,812 ​ ​ — ​ ​ (33,335) ​ ​ — Net income (loss) ​ $ 28,523 ​ $ 28,523 ​ $ 4,812 ​ $ (33,335) ​ $ 28,523 Comprehensive income (loss) ​ $ 26,245 ​ $ 28,274 ​ $ 2,285 ​ $ (30,559) ​ $ 26,245 ​ ​ Condensed Consolidating Statement of Cash Flows Twenty-six Weeks Ended June 29, 2019 (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Guarantor Non-Guarantor ​ ​ ​ ​ ​ ​ Parent ​ Subsidiaries ​ Subsidiaries ​ Eliminations ​ Consolidated Net cash provided by operating activities ​ $ — ​ $ 8,526 ​ $ 8,320 ​ $ — ​ $ 16,846 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash flows from investing activities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital expenditures ​ — ​ (16,530) ​ ​ (1,618) ​ ​ — ​ (18,148) Payments for acquisition of businesses, net of cash acquired ​ — ​ (82,430) ​ ​ — ​ ​ — ​ (82,430) Net cash used in investing activities ​ — ​ (98,960) ​ (1,618) ​ — ​ (100,578) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash flows from financing activities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Repayments of borrowings under revolving credit facility ​ (95,000) ​ ​ — ​ ​ — ​ ​ — ​ (95,000) Borrowings under revolving credit facility ​ 260,000 ​ ​ — ​ ​ — ​ ​ — ​ 260,000 Dividends paid ​ (62,194) ​ ​ — ​ ​ — ​ ​ — ​ (62,194) Payments for the repurchase of common stock, net ​ (10,000) ​ ​ — ​ ​ — ​ ​ — ​ (10,000) Payments of tax withholding on behalf of employees for net share settlement of share-based compensation ​ — ​ ​ (905) ​ ​ — ​ ​ — ​ (905) Intercompany transactions ​ ​ (92,806) ​ ​ 98,111 ​ ​ (5,305) ​ ​ — ​ ​ — Net cash provided by (used in) financing activities ​ — ​ 97,206 ​ (5,305) ​ ​ — ​ 91,901 Effect of exchange rate fluctuations on cash and cash equivalents ​ — ​ ​ — ​ ​ 94 ​ ​ ​ ​ 94 Net increase in cash and cash equivalents ​ — ​ 6,772 ​ 1,491 ​ — ​ 8,263 Cash and cash equivalents at beginning of period ​ — ​ 9,871 ​ 1,777 ​ — ​ 11,648 Cash and cash equivalents at end of period ​ $ — ​ $ 16,643 ​ $ 3,268 ​ $ — ​ $ 19,911 ​ Condensed Consolidating Statement of Cash Flows Twenty-six Weeks Ended June 30, 2018 (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Guarantor Non-Guarantor ​ ​ ​ ​ ​ ​ Parent ​ Subsidiaries ​ Subsidiaries ​ Eliminations ​ Consolidated Net cash provided by operating activities ​ $ — ​ $ 89,706 ​ $ 15,098 ​ $ — ​ $ 104,804 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash flows from investing activities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital expenditures ​ — ​ (15,229) ​ ​ (1,979) ​ ​ — ​ (17,208) Net cash used in investing activities ​ — ​ (15,229) ​ (1,979) ​ — ​ (17,208) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash flows from financing activities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Repayments of long-term debt ​ (150,000) ​ ​ — ​ ​ — ​ ​ — ​ (150,000) Dividends paid ​ (61,888) ​ ​ — ​ ​ — ​ ​ — ​ (61,888) Payments for the repurchase of common stock, net ​ ​ (18,529) ​ ​ — ​ ​ — ​ ​ — ​ ​ (18,529) Payments of tax withholding on behalf of employees for net share settlement of share-based compensation ​ — ​ ​ (1,832) ​ ​ — ​ ​ — ​ (1,832) Intercompany transactions ​ ​ 230,417 ​ ​ (218,633) ​ ​ (11,784) ​ ​ — ​ ​ — Net cash used in financing activities ​ — ​ (220,465) ​ (11,784) ​ ​ — ​ (232,249) Effect of exchange rate fluctuations on cash and cash equivalents ​ — ​ — ​ 987 ​ — ​ 987 Net (decrease) increase in cash and cash equivalents ​ — ​ (145,988) ​ 2,322 ​ — ​ (143,666) Cash and cash equivalents at beginning of period ​ — ​ 204,815 ​ 1,691 ​ — ​ 206,506 Cash and cash equivalents at end of period ​ $ — ​ $ 58,827 ​ $ 4,013 ​ $ — ​ $ 62,840 ​

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 29, 2019
Summary of Significant Accounting Policies
Fiscal Year	Fiscal Year Typically, our fiscal quarters and fiscal year consist of 13 and 52 weeks, respectively, ending on the Saturday closest to December 31 in the case of our fiscal year and fourth fiscal quarter, and on the Saturday closest to the end of the corresponding calendar quarter in the case of our fiscal quarters. As a result, a 53 rd
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated interim financial statements for the thirteen and twenty-six week periods ended June 29, 2019 (second quarter and first two quarters of 2019) and June 30, 2018 (second quarter and first two quarters of 2018) have been prepared by our company in accordance with generally accepted accounting principles in the United States (GAAP) pursuant to the rules and regulations of the Securities and Exchange Commission (SEC), and include the accounts of B&G Foods, Inc. and its subsidiaries. Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with GAAP have been omitted pursuant to such rules and regulations. However, our management believes, to the best of their knowledge, that the disclosures herein are adequate to make the information presented not misleading. All intercompany balances and transactions have been eliminated. The accompanying unaudited consolidated interim financial statements contain all adjustments that are, in the opinion of management, necessary to present fairly our consolidated financial position as of June 29, 2019, and the results of our operations, comprehensive income and cash flows for the second quarter and first two quarters of 2019 and 2018. Our results of operations for the second quarter and first two quarters of 2019 are not necessarily indicative of the results to be expected for the full year. We have evaluated subsequent events for disclosure through the date of issuance of the accompanying unaudited consolidated interim financial statements. The accompanying unaudited consolidated interim financial statements should be read in conjunction with the audited consolidated financial statements and notes included in our Annual Report on Form 10-K for fiscal 2018 filed with the SEC on February 26, 2019.
Use of Estimates	Use of Estimates The preparation of financial statements in accordance with 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; and the determination of the useful life of customer relationship and finite-lived trademark intangibles. 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.
Newly Adopted and Recently Issued Accounting Standards	Newly Adopted Accounting Standards In February 2018, the Financial Accounting Standards Board (FASB) issued a new Accounting Standards Update (ASU) related to the Tax Cuts and Jobs Act, which we refer to as the “U.S. Tax Act.” The ASU allows for a company to elect to make a one-time reclassification from accumulated other comprehensive loss to retained earnings for stranded tax effects resulting from the change in corporate tax rate as a result of the U.S. Tax Act. The reclassification is the difference between the amount previously recorded in accumulated other comprehensive loss at the historical U.S. federal tax rate that remains in accumulated other comprehensive loss at the time the U.S. Tax Act was effective and the amount that would have been recorded using the newly enacted rate. Additionally, the ASU requires a company to disclose whether or not it elects to make the reclassification. This guidance became effective during the first quarter of 2019. We elected to not make the optional one-time reclassification. 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 (ROU) model 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. We adopted the new standard prospectively when it became effective in the first quarter of 2019 and applied the new standard to all leases existing at the date of initial application. The new standard provides a number of optional practical expedients in transition. We elected 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 did not elect the use-of-hindsight or the practical expedient pertaining to land easements; the latter not being applicable to us. We elected all of the new standard’s available transition practical expedients that were applicable to us. The new standard also provides practical expedients for an entity’s ongoing accounting. We also elected the short-term lease recognition exemption for all leases that qualify. This means, for those leases with a lease term of twelve months or less, we did not recognize ROU assets or lease liabilities. We also elected the practical expedient to not separate lease and non-lease components for all of our leases. This standard did not have a material effect on our financial statements. Upon adoption, the most significant effects related to (1) the recognition of new ROU assets and lease liabilities on our balance sheet for our operating leases, which was $39.6 million and $42.6 million, respectively, as of the beginning of the period; and (2) providing additional new disclosures about our leasing activities. Recently Issued Accounting Standards 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.

Acquisitions and Divestitures (

Acquisitions and Divestitures (Tables)	6 Months Ended
	Jun. 29, 2019
Acquisitions and divestitures
Schedule of divestiture	We recognized a pre-tax gain on the Pirate Brands sale of $176.4 million, as calculated below (in thousands): ​ ​ ​ ​ ​ October 17, 2018 Cash received $ 420,002 Assets sold: ​ ​ Inventories ​ (6,688) Property, plant and equipment ​ (404) Customer relationships — finite-lived intangible assets ​ (8,408) Trademarks — indefinite-lived intangible assets ​ (152,800) Goodwill ​ (70,952) Other ​ (77) Total assets sold ​ (239,328) Expenses ​ (4,288) Gain on sale of assets $ 176,386
Clabber Girl Corporation
Acquisitions and divestitures
Schedule of preliminary allocation of purchase price to the estimated fair value of the net assets acquired	Clabber Girl ​ ​ ​ ​ Preliminary Allocation: ​ May 15, 2019 Cash and cash equivalents ​ $ 2,202 Trade accounts receivable, net ​ ​ 5,627 Inventories ​ ​ 11,305 Prepaid expenses and other current assets ​ ​ 154 Income tax receivable ​ ​ 7 Property, plant and equipment, net ​ ​ 20,697 Operating lease right-of-use assets ​ ​ 6,488 Trademarks — indefinite-lived intangible assets ​ ​ 18,500 Customer relationship intangibles — finite-lived intangible assets ​ ​ 17,500 Trade accounts payable ​ ​ (3,007) Accrued expenses ​ ​ (1,315) Operating lease liabilities, current portion ​ ​ (863) Long-term operating lease liabilities, net of current portion ​ ​ (6,055) Goodwill ​ ​ 13,392 Total purchase price (paid in cash) ​ $ 84,632
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 ​ ​ ​ ​ ​ Preliminary Allocation: ​ July 16, 2018 Property, plant and equipment ​ $ 12 Inventories ​ ​ 973 Trademarks — indefinite-lived intangible assets ​ ​ 24,800 Customer relationship intangibles — finite-lived intangible assets ​ ​ 2,000 Accrued expenses ​ ​ (292) Goodwill ​ ​ 3,294 Total purchase price (paid in cash) ​ $ 30,787

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 29, 2019
Inventories
Summary of Inventories	Inventories consist of the following, as of the dates indicated (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ June 29, 2019 December 29, 2018 Raw materials and packaging ​ $ 78,460 ​ $ 61,905 Work-in-process ​ ​ 33,833 ​ ​ 95,282 Finished goods ​ 292,461 ​ 244,168 Inventories ​ $ 404,754 ​ $ 401,355 ​

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	6 Months Ended
	Jun. 29, 2019
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): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 29, 2019 ​ December 29, 2018 ​ Gross Carrying Accumulated Net Carrying Gross Carrying Accumulated Net Carrying ​ Amount Amortization Amount Amount Amortization Amount Finite-Lived Intangible Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Trademarks ​ $ 19,600 ​ $ 3,916 ​ $ 15,684 ​ $ 19,600 ​ $ 3,369 ​ $ 16,231 Customer relationships ​ 353,090 ​ 120,497 ​ 232,593 ​ 335,590 ​ 111,952 ​ 223,638 Total finite-lived intangible assets ​ $ 372,690 ​ $ 124,413 ​ $ 248,277 ​ $ 355,190 ​ $ 115,321 ​ $ 239,869 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Indefinite-Lived Intangible Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ $ 597,827 ​ ​ ​ ​ ​ ​ ​ $ 584,435 ​ ​ ​ ​ ​ ​ Trademarks ​ $ 1,374,200 ​ ​ ​ ​ ​ ​ ​ $ 1,355,700 ​ ​ ​ ​ ​ ​

Long-Term Debt (Tables)

Long-Term Debt (Tables)	6 Months Ended
	Jun. 29, 2019
Long-Term Debt
Schedule of long-term debt	Long-term debt consists of the following, as of the dates indicated (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ June 29, 2019 December 29, 2018 Revolving credit loans $ 215,000 $ 50,000 4.625% senior notes due 2021 ​ 700,000 ​ 700,000 5.25% senior notes due 2025 ​ ​ 900,000 ​ ​ 900,000 Unamortized deferred financing costs ​ ​ (15,475) ​ (17,490) Unamortized premium ​ 3,101 ​ 3,371 Total long-term debt, net of unamortized deferred financing costs and premium ​ $ 1,802,626 ​ $ 1,635,881
Schedule of aggregate contractual maturities of long-term debt	​ As of June 29, 2019, the aggregate contractual maturities of long-term debt are as follows (in thousands): ​ ​ ​ Fiscal year ending: ​ ​ 2019 $ — 2020 — 2021 700,000 2022 215,000 2023 — Thereafter 900,000 Total $ 1,815,000

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 29, 2019
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 June 29, 2019 and December 29, 2018 are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 29, 2019 ​ ​ December 29, 2018 ​ Carrying Value Fair Value Carrying Value Fair Value Revolving credit loans ​ $ 215,000 ​ $ 215,000 (1) $ 50,000 ​ $ 50,000 (1) 4.625% senior notes due 2021 ​ ​ 700,000 ​ 698,250 (2) ​ 700,000 ​ 684,250 (2) 5.25% senior notes due 2025 ​ $ 903,101 (3) $ 907,617 (2) $ 903,371 (3) $ 837,877 (2) (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) Fair values are estimated based on quoted market prices. (3) The carrying values of the 5.25% senior notes due 2025 include a premium. At June 29, 2019 and December 29, 2018 the face amount of the 5.25% senior notes due 2025 was $900.0 million.

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jun. 29, 2019
Accumulated Other Comprehensive Loss.
Schedule of reclassification from accumulated other comprehensive loss	The reclassifications from accumulated other comprehensive loss (AOCL) for the second quarter and first two quarters of 2019 and 2018 are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amounts Reclassified from AOCL ​ ​ ​ Thirteen Weeks Ended ​ Twenty-six Weeks Ended ​ Affected Line Item in ​ June 29, June 30, June 29, June 30, ​ the Statement Where Details about AOCL Components 2019 2018 2019 2018 Net Income is Presented Defined benefit pension plan items ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortization of unrecognized prior service cost $ — ​ $ 1 ​ $ — ​ $ 1 ​ See (1) below Amortization of unrecognized loss 215 ​ 183 ​ ​ 430 ​ ​ 331 ​ See (1) below Accumulated other comprehensive loss before tax 215 ​ 184 ​ 430 ​ 332 ​ Total before tax Tax expense (52) ​ (46) ​ (105) ​ (83) ​ Income tax expense Total reclassification $ 163 ​ $ 138 ​ $ 325 ​ $ 249 ​ Net of tax (1) These items are included in the computation of net periodic pension cost. See Note 10, “Pension Benefits,” for additional information.
Schedule of changes in accumulated other comprehensive loss	Changes in AOCL for the first two quarters of 2019 are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreign Currency ​ ​ ​ ​ ​ Defined Benefit ​ Translation ​ ​ ​ ​ Pension Plan Items Adjustments Total Balance at December 29, 2018 $ (12,224) $ (11,278) $ (23,502) Other comprehensive income before reclassifications ​ — ​ 3,001 ​ 3,001 Amounts reclassified from AOCL ​ 325 ​ — ​ 325 Net current period other comprehensive income ​ 325 ​ 3,001 ​ 3,326 Balance at June 29, 2019 $ (11,899) $ (8,277) $ (20,176)

Pension Benefits (Tables)

Pension Benefits (Tables)	6 Months Ended
	Jun. 29, 2019
Pension Benefits
Schedule of components of net periodic pension costs	Net periodic pension cost for company sponsored defined benefit pension plans for the second quarter and first two quarters of 2019 and 2018 includes the following components (in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen Weeks Ended ​ Twenty-six Weeks Ended ​ June 29, ​ June 30, ​ June 29, ​ June 30, ​ 2019 2018 2019 2018 Service cost—benefits earned during the period $ 1,734 ​ $ 1,909 ​ $ 3,671 ​ $ 3,894 Interest cost on projected benefit obligation 1,431 ​ 1,267 ​ 2,873 ​ 2,529 Expected return on plan assets (1,913) ​ (2,008) ​ (3,827) ​ (4,009) Amortization of unrecognized prior service cost — ​ 1 ​ — ​ 1 Amortization of unrecognized loss 215 ​ 183 ​ 430 ​ 331 Net periodic pension cost $ 1,467 ​ $ 1,352 ​ $ 3,147 ​ $ 2,746

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 29, 2019
Leases [Abstract]
Operating leases on the Balance Sheets	Operating leases are included in the accompanying unaudited consolidated balance sheets in the following line items: ​ ​ ​ ​ ​ June 29, ​ 2019 Right-of-use assets: ​ ​ Operating lease right-of-use assets $ 42,059 ​ ​ ​ Operating lease liabilities: ​ ​ Operating lease liabilities, current portion $ 9,915 Long-term operating lease liabilities, net of current portion ​ 35,421 Total operating lease liabilities $ 45,336
Supplemental information related to leases	Supplemental information related to leases: ​ ​ ​ ​ ​ ​ ​ ​ June 29, 2019 ​ Thirteen Weeks Ended ​ Twenty-six Weeks Ended Operating cash flow information: ​ ​ ​ ​ ​ Cash paid for amounts included in the measurement of operating lease liabilities $ 2,795 ​ $ 5,497 ​ ​ ​ ​ ​ ​ The components of lease costs were as follows: ​ ​ ​ ​ ​ Cost of goods sold $ 769 ​ $ 1,437 Selling, general and administrative expenses ​ 1,970 ​ ​ 3,940 Total lease costs $ 2,739 ​ $ 5,377
Schedule of weighted average remaining lease term and weighted average discount rate	The following table shows the lease term and discount rate for our ROU assets: ​ ​ ​ ​ June 29, ​ 2019 Weighted average remaining lease term (years) ​ 5.8 Weighted average discount rate ​ 4.07%
Future minimum lease payments under operating leases	As of June 29, 2019, the maturities of operating lease liabilities were as follows (in thousands): ​ ​ ​ ​ ​ Fiscal year ending: ​ ​ 2019 ​ $ 5,873 2020 ​ ​ 10,797 2021 ​ 10,087 2022 ​ 5,622 2023 ​ 5,608 Thereafter ​ ​ 13,519 Total undiscounted future minimum lease payments ​ ​ 51,506 Less: Imputed interest ​ (6,170) Total present value of future operating lease liabilities ​ $ 45,336
Future minimum lease payments under operating leases, before ASU 2016-02	As previously disclosed in our 2018 Annual Report on Form 10-K and under the previous lease standard (Topic 840), as of December 29, 2018, future minimum lease payments under non-cancelable operating leases in effect at year-end (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 undiscounted future minimum lease payments ​ $ 50,204 ​

Earnings per Share (Tables)

Earnings per Share (Tables)	6 Months Ended
	Jun. 29, 2019
Earnings per Share
Schedule of calculations related to basic and diluted earning per share	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen Weeks Ended ​ Twenty-six Weeks Ended ​ June 29, June 30, June 29, June 30, ​ 2019 2018 2019 2018 Weighted average shares outstanding: ​ ​ ​ ​ ​ ​ ​ Basic 65,341,356 ​ 66,307,190 ​ 65,463,964 ​ 66,412,421 Net effect of potentially dilutive share-based compensation awards 49,159 ​ 46,449 ​ 39,871 ​ 122,121 Diluted 65,390,515 ​ 66,353,639 ​ 65,503,835 ​ 66,534,542 ​

Share-Based Payments (Tables)

Share-Based Payments (Tables)	6 Months Ended
	Jun. 29, 2019
Share-Based Payments
Schedule of stock option activity	The following table details our stock option activity for the first two quarters of fiscal 2019 (dollars in thousands, except per share data): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ Weighted Average ​ ​ ​ ​ ​ ​ Average ​ Contractual Life ​ Aggregate ​ Options Exercise Price Remaining (Years) Intrinsic Value Outstanding at December 29, 2018 1,194,105 ​ $ 31.40 ​ ​ ​ ​ ​ Granted 40,938 ​ $ 22.68 ​ ​ ​ ​ Exercised — ​ $ — ​ ​ ​ ​ ​ Forfeited (116,223) ​ $ 30.23 ​ ​ ​ ​ ​ Cancelled ​ (1,676) ​ $ 29.10 ​ ​ ​ ​ ​ Outstanding at June 29, 2019 1,117,144 ​ $ 31.20 6.93 ​ $ 83 Exercisable at June 29, 2019 818,483 ​ $ 31.94 6.30 ​ $ —
Schedule of stock options, valuation assumption	​ ​ ​ ​ ​ ​ ​ ​ 2019 2018 Weighted average grant date fair value $ 2.44 $ 3.74 Expected volatility ​ 31.27% ​ ​ 30.6% - 31.7% Expected term ​ 5.5 years ​ ​ 5.5 - 6.5 years Risk-free interest rate ​ 1.86% ​ ​ 2.6% - 2.8% Dividend yield ​ 8.38% ​ ​ 6.7% - 8.1% ​ ​
Schedule of compensation expense recognized for share-based payments	The following table sets forth the compensation expense recognized for share-based payments (performance share long-term incentive awards (LTIAs), stock options, non-employee director stock grants, restricted stock and other share based payments) during the second quarter and first two quarters of 2019 and 2018 and where that expense is reflected in our consolidated statements of operations (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen Weeks Ended ​ Twenty-six Weeks Ended ​ June 29, ​ June 30, ​ June 29, ​ June 30, Consolidated Statements of Operations Location 2019 2018 2019 2018 Compensation expense included in cost of goods sold $ 157 ​ $ 495 ​ $ 330 ​ $ 764 Compensation expense included in selling, general and administrative expenses 1,227 ​ 1,264 ​ 1,634 ​ 1,833 Total compensation expense for share-based payments $ 1,384 ​ $ 1,759 ​ $ 1,964 ​ $ 2,597
Schedule of non-vested performance share LTIAs	​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted Average ​ ​ Number of ​ Grant Date Fair Value ​ Performance Shares (1) (per share) (2) Outstanding at December 29, 2018 509,317 ​ $ 27.30 Granted 382,574 ​ $ 18.88 Vested (102,893) ​ $ 29.04 Forfeited (124,229) ​ $ 26.35 Outstanding at June 29, 2019 664,769 ​ $ 22.38 (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 number of shares of common stock issued by entity upon the vesting of performance share long-term incentive awards other share based compensation	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen Weeks Ended ​ Twenty-six Weeks Ended ​ June 29, June 30, June 29, June 30, ​ 2019 2018 2019 2018 Number of performance shares vested ​ — ​ — ​ 102,893 ​ 150,255 Shares withheld to fund statutory minimum tax withholding ​ — ​ — ​ (36,965) ​ (57,298) Shares of common stock issued for performance share LTIAs ​ — ​ — ​ 65,928 ​ 92,957 Shares of common stock issued to non-employee directors for annual equity grants ​ 45,848 ​ 33,920 ​ 45,848 ​ 35,039 Shares of restricted common stock issued to employees ​ ​ 32,059 ​ ​ — ​ ​ 32,059 ​ ​ — Total shares of common stock issued ​ 77,907 ​ 33,920 ​ 143,835 ​ 127,996 ​

Net Sales by Brand (Tables)

Net Sales by Brand (Tables)	6 Months Ended
	Jun. 29, 2019
Net Sales by Brand
Schedule of net sales by brand	The following table sets forth net sales by brand (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen Weeks Ended ​ Twenty-six Weeks Ended ​ ​ June 29, ​ June 30, ​ June 29, ​ June 30, ​ ​ 2019 ​ 2018 ​ 2019 ​ 2018 Brand: (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Green Giant $ 87,657 $ 84,182 ​ $ 188,520 $ 179,071 Spices & Seasonings (2) ​ ​ 61,012 ​ ​ 63,670 ​ ​ 124,238 ​ ​ 126,430 Ortega ​ 34,048 ​ 34,068 ​ 71,300 ​ 71,922 Green Giant (3) ​ 18,310 ​ 13,446 ​ ​ 44,749 ​ 39,129 Maple Grove Farms of Vermont ​ 17,778 ​ 17,078 ​ 35,675 ​ 34,043 Back to Nature ​ ​ 16,003 ​ ​ 17,622 ​ ​ 32,665 ​ ​ 37,662 Mrs. Dash ​ 14,427 ​ 14,513 ​ 29,635 ​ 31,249 Cream of Wheat ​ 11,678 ​ 11,777 ​ 29,088 ​ 30,201 Pirate Brands (4) ​ — ​ 25,206 ​ — ​ 46,202 All other brands ​ ​ 110,284 ​ ​ 106,816 ​ ​ 228,061 ​ ​ 224,198 Total $ 371,197 $ 388,378 ​ $ 783,931 $ 820,107 (1) Table includes net sales for each of our brands whose net sales for the first two quarters of 2019 or fiscal 2018 represent 3% or more of our total net sales for those periods, 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) Includes net sales for multiple brands acquired as part of the spices & seasonings acquisition that we completed on November 21, 2016, including French’s ® seasoning mixes, which we discontinued during the third quarter of 2018 following the expiration of a licensing agreement. Does not include net sales for Mrs. Dash and our other legacy spices & seasonings brands. (3) Does not include net sales of the Le Sueur brand. Net sales of the Le Sueur brand are included below in “All other brands.” (4) See Note 3, “Acquisitions and Divestitures.”

Guarantor and Non-Guarantor F_2

Guarantor and Non-Guarantor Financial Information (Tables)	6 Months Ended
	Jun. 29, 2019
Guarantor and Non-Guarantor Financial Information
Condensed Consolidating Balance Sheet	Condensed Consolidating Balance Sheet As of June 29, 2019 (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Guarantor Non-Guarantor ​ ​ ​ ​ ​ ​ Parent ​ Subsidiaries ​ Subsidiaries ​ Eliminations ​ Consolidated Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ — ​ $ 16,643 ​ $ 3,268 ​ $ — ​ $ 19,911 Trade accounts receivable, net ​ — ​ 128,326 ​ ​ 8,167 ​ ​ — ​ 136,493 Inventories, net ​ — ​ 347,213 ​ ​ 57,541 ​ ​ — ​ 404,754 Prepaid expenses and other current assets ​ — ​ 21,726 ​ ​ 4,497 ​ ​ — ​ 26,223 Income tax receivable ​ — ​ 9,512 ​ ​ 544 ​ ​ — ​ 10,056 Total current assets ​ — ​ 523,420 ​ 74,017 ​ — ​ 597,437 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Property, plant and equipment, net ​ — ​ 261,137 ​ ​ 44,185 ​ ​ — ​ 305,322 Operating lease right-of-use assets ​ ​ — ​ ​ 41,974 ​ ​ 85 ​ ​ — ​ ​ 42,059 Goodwill ​ — ​ 597,827 ​ ​ — ​ ​ — ​ 597,827 Other intangibles, net ​ — ​ 1,622,477 ​ ​ — ​ ​ — ​ 1,622,477 Other assets ​ — ​ 1,070 ​ ​ 13 ​ ​ — ​ 1,083 Deferred income taxes ​ — ​ — ​ ​ 5,562 ​ ​ — ​ 5,562 Investments in subsidiaries ​ 2,717,514 ​ 98,611 ​ ​ — ​ ​ (2,816,125) ​ — Total assets ​ $ 2,717,514 ​ $ 3,146,516 ​ $ 123,862 ​ $ (2,816,125) ​ $ 3,171,767 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities and Stockholders' Equity ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Trade accounts payable ​ $ — ​ $ 101,888 ​ $ 11,648 ​ $ — ​ $ 113,536 Accrued expenses ​ — ​ ​ 40,051 ​ ​ 3,189 ​ ​ — ​ 43,240 Operating lease liabilities, current portion ​ ​ — ​ ​ 9,871 ​ ​ 44 ​ ​ — ​ ​ 9,915 Income tax payable ​ ​ — ​ ​ 1,330 ​ ​ (920) ​ ​ — ​ ​ 410 Dividends payable ​ 31,053 ​ ​ — ​ ​ — ​ ​ — ​ 31,053 Intercompany payables ​ — ​ ​ (11,235) ​ ​ 11,235 ​ ​ — ​ — Total current liabilities ​ 31,053 ​ 141,905 ​ 25,196 ​ — ​ 198,154 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Long-term debt ​ 1,818,101 ​ ​ (15,475) ​ ​ — ​ ​ — ​ 1,802,626 Deferred income taxes ​ — ​ ​ 243,754 ​ ​ — ​ ​ — ​ 243,754 Long-term operating lease liabilities, net of current portion ​ ​ — ​ ​ 35,367 ​ ​ 54 ​ ​ — ​ ​ 35,421 Other liabilities ​ — ​ ​ 23,452 ​ ​ — ​ ​ — ​ 23,452 Total liabilities ​ 1,849,154 ​ 429,003 ​ 25,250 ​ — ​ 2,303,407 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Stockholders' Equity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Preferred stock ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Common stock ​ 654 ​ ​ — ​ ​ — ​ ​ — ​ 654 Additional paid-in capital ​ 46,284 ​ ​ 1,898,316 ​ ​ 68,253 ​ ​ (1,966,569) ​ 46,284 Accumulated other comprehensive loss ​ (20,176) ​ ​ (20,176) ​ ​ (8,276) ​ ​ 28,452 ​ (20,176) Retained earnings ​ 841,598 ​ ​ 839,373 ​ ​ 38,635 ​ ​ (878,008) ​ 841,598 Total stockholders’ equity ​ 868,360 ​ 2,717,513 ​ 98,612 ​ (2,816,125) ​ 868,360 Total liabilities and stockholders’ equity ​ $ 2,717,514 ​ $ 3,146,516 ​ $ 123,862 ​ $ (2,816,125) ​ $ 3,171,767 ​ ​ 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 Deferred income taxes ​ — ​ 235,902 ​ ​ — ​ — ​ 235,902 Other liabilities ​ — ​ 24,490 ​ ​ 15 ​ — ​ 24,505 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
Condensed Consolidating Statement of Operations and Comprehensive Income	Condensed Consolidating Statement of Operations and Comprehensive Income Thirteen Weeks Ended June 29, 2019 (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Guarantor Non-Guarantor ​ ​ ​ ​ ​ ​ Parent ​ Subsidiaries ​ Subsidiaries ​ Eliminations ​ Consolidated Net sales ​ $ — ​ $ 363,329 ​ $ 46,591 ​ $ (38,723) ​ $ 371,197 Cost of goods sold ​ — ​ 273,706 ​ 44,347 ​ (38,723) ​ 279,330 Gross profit ​ — ​ 89,623 ​ 2,244 ​ — ​ 91,867 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Selling, general and administrative expenses ​ — ​ 34,887 ​ 4,969 ​ — ​ 39,856 Amortization expense ​ — ​ 4,601 ​ — ​ — ​ 4,601 Operating income (loss) ​ — ​ 50,135 ​ (2,725) ​ — ​ 47,410 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other income and expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest expense, net ​ — ​ 23,179 ​ — ​ — ​ 23,179 Other income ​ ​ — ​ ​ (525) ​ ​ — ​ ​ — ​ ​ (525) Income (loss) before income tax expense ​ — ​ 27,481 ​ (2,725) ​ — ​ 24,756 Income tax expense ​ — ​ 5,712 ​ 793 ​ — ​ 6,505 Equity in earnings (loss) of subsidiaries ​ ​ 18,251 ​ ​ (3,518) ​ ​ — ​ ​ (14,733) ​ ​ — Net income (loss) ​ $ 18,251 ​ $ 18,251 ​ $ (3,518) ​ $ (14,733) ​ $ 18,251 Comprehensive income (loss) ​ $ 19,957 ​ $ 18,088 ​ $ (1,975) ​ $ (16,113) ​ $ 19,957 ​ ​ Condensed Consolidating Statement of Operations and Comprehensive Income Twenty-six Weeks Ended June 29, 2019 (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Guarantor Non-Guarantor ​ ​ ​ ​ ​ ​ Parent ​ Subsidiaries ​ Subsidiaries ​ Eliminations ​ Consolidated Net sales ​ $ — ​ $ 753,496 ​ $ 101,616 ​ $ (71,181) ​ $ 783,931 Cost of goods sold ​ — ​ 580,006 ​ 95,160 ​ (71,181) ​ 603,985 Gross profit ​ — ​ 173,490 ​ 6,456 ​ — ​ 179,946 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Selling, general and administrative expenses ​ — ​ ​ 74,942 ​ ​ 3,211 ​ ​ — ​ 78,153 Amortization expense ​ — ​ ​ 9,092 ​ ​ — ​ ​ — ​ 9,092 Operating income ​ — ​ 89,456 ​ 3,245 ​ — ​ 92,701 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other income and expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest expense, net ​ — ​ ​ 46,253 ​ ​ — ​ ​ — ​ 46,253 Other income ​ ​ — ​ ​ (783) ​ ​ — ​ ​ — ​ ​ (783) Income before income tax expense ​ — ​ 43,986 ​ 3,245 ​ — ​ 47,231 Income tax expense ​ — ​ ​ 11,484 ​ ​ 705 ​ ​ — ​ 12,189 Equity in earnings (loss) of subsidiaries ​ ​ 35,042 ​ ​ 2,540 ​ ​ — ​ ​ (37,582) ​ ​ — Net income (loss) ​ $ 35,042 ​ $ 35,042 ​ $ 2,540 ​ $ (37,582) ​ $ 35,042 Comprehensive income (loss) ​ $ 38,368 ​ $ 34,717 ​ $ 5,541 ​ $ (40,258) ​ $ 38,368 ​ ​ Condensed Consolidating Statement of Operations and Comprehensive Income Thirteen Weeks Ended June 30, 2018 (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Guarantor Non-Guarantor ​ ​ ​ ​ ​ ​ Parent ​ Subsidiaries ​ Subsidiaries ​ Eliminations ​ Consolidated Net sales ​ $ — ​ $ 372,442 ​ $ 40,911 ​ $ (24,975) ​ $ 388,378 Cost of goods sold ​ — ​ ​ 294,431 ​ ​ 37,749 ​ ​ (24,975) ​ 307,205 Gross profit ​ — ​ 78,011 ​ 3,162 ​ — ​ 81,173 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Selling, general and administrative expenses ​ — ​ ​ 35,902 ​ ​ 1,370 ​ ​ — ​ 37,272 Amortization expense ​ — ​ ​ 4,609 ​ ​ — ​ ​ — ​ 4,609 Operating income ​ — ​ ​ 37,500 ​ ​ 1,792 ​ ​ — ​ 39,292 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other income and expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest expense, net ​ — ​ ​ 27,607 ​ ​ — ​ ​ — ​ 27,607 Loss on extinguishment of debt ​ — ​ ​ 546 ​ ​ — ​ ​ — ​ 546 Other expense ​ ​ — ​ ​ 388 ​ ​ — ​ ​ — ​ ​ 388 Income before income tax expense (benefit) ​ — ​ ​ 8,959 ​ ​ 1,792 ​ ​ — ​ 10,751 Income tax expense (benefit) ​ — ​ ​ 3,595 ​ ​ (820) ​ ​ — ​ 2,775 Equity in earnings (loss) of subsidiaries ​ ​ 7,976 ​ ​ 2,612 ​ ​ — ​ ​ (10,588) ​ ​ — Net income (loss) ​ $ 7,976 ​ $ 7,976 ​ $ 2,612 ​ $ (10,588) ​ $ 7,976 Comprehensive income (loss) ​ $ 2,455 ​ $ 7,838 ​ $ (3,047) ​ $ (4,791) ​ $ 2,455 ​ ​ Condensed Consolidating Statement of Operations and Comprehensive Income Twenty-six Weeks Ended June 30, 2018 (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Guarantor Non-Guarantor ​ ​ ​ ​ ​ ​ Parent ​ Subsidiaries ​ Subsidiaries ​ Eliminations ​ Consolidated Net sales ​ $ — ​ $ 780,290 ​ $ 93,226 ​ $ (53,409) ​ $ 820,107 Cost of goods sold ​ — ​ 605,656 ​ 83,331 ​ (53,409) ​ 635,578 Gross profit ​ — ​ 174,634 ​ 9,895 ​ — ​ 184,529 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Selling, general and administrative expenses ​ — ​ ​ 75,041 ​ ​ 4,799 ​ ​ — ​ 79,840 Amortization expense ​ — ​ ​ 9,218 ​ ​ — ​ ​ — ​ 9,218 Operating income ​ — ​ 90,375 ​ 5,096 ​ — ​ 95,471 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other income and expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest expense, net ​ — ​ ​ 55,913 ​ ​ — ​ ​ — ​ 55,913 Loss on extinguishment of debt ​ — ​ ​ 3,324 ​ ​ — ​ ​ — ​ 3,324 Other income ​ ​ — ​ ​ (1,666) ​ ​ — ​ ​ — ​ ​ (1,666) Income before income tax expense ​ — ​ 32,804 ​ 5,096 ​ — ​ 37,900 Income tax expense ​ — ​ ​ 9,093 ​ ​ 284 ​ ​ — ​ 9,377 Equity in earnings (loss) of subsidiaries ​ ​ 28,523 ​ ​ 4,812 ​ ​ — ​ ​ (33,335) ​ ​ — Net income (loss) ​ $ 28,523 ​ $ 28,523 ​ $ 4,812 ​ $ (33,335) ​ $ 28,523 Comprehensive income (loss) ​ $ 26,245 ​ $ 28,274 ​ $ 2,285 ​ $ (30,559) ​ $ 26,245
Condensed Consolidating Statement of Cash Flows	Condensed Consolidating Statement of Cash Flows Twenty-six Weeks Ended June 29, 2019 (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Guarantor Non-Guarantor ​ ​ ​ ​ ​ ​ Parent ​ Subsidiaries ​ Subsidiaries ​ Eliminations ​ Consolidated Net cash provided by operating activities ​ $ — ​ $ 8,526 ​ $ 8,320 ​ $ — ​ $ 16,846 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash flows from investing activities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital expenditures ​ — ​ (16,530) ​ ​ (1,618) ​ ​ — ​ (18,148) Payments for acquisition of businesses, net of cash acquired ​ — ​ (82,430) ​ ​ — ​ ​ — ​ (82,430) Net cash used in investing activities ​ — ​ (98,960) ​ (1,618) ​ — ​ (100,578) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash flows from financing activities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Repayments of borrowings under revolving credit facility ​ (95,000) ​ ​ — ​ ​ — ​ ​ — ​ (95,000) Borrowings under revolving credit facility ​ 260,000 ​ ​ — ​ ​ — ​ ​ — ​ 260,000 Dividends paid ​ (62,194) ​ ​ — ​ ​ — ​ ​ — ​ (62,194) Payments for the repurchase of common stock, net ​ (10,000) ​ ​ — ​ ​ — ​ ​ — ​ (10,000) Payments of tax withholding on behalf of employees for net share settlement of share-based compensation ​ — ​ ​ (905) ​ ​ — ​ ​ — ​ (905) Intercompany transactions ​ ​ (92,806) ​ ​ 98,111 ​ ​ (5,305) ​ ​ — ​ ​ — Net cash provided by (used in) financing activities ​ — ​ 97,206 ​ (5,305) ​ ​ — ​ 91,901 Effect of exchange rate fluctuations on cash and cash equivalents ​ — ​ ​ — ​ ​ 94 ​ ​ ​ ​ 94 Net increase in cash and cash equivalents ​ — ​ 6,772 ​ 1,491 ​ — ​ 8,263 Cash and cash equivalents at beginning of period ​ — ​ 9,871 ​ 1,777 ​ — ​ 11,648 Cash and cash equivalents at end of period ​ $ — ​ $ 16,643 ​ $ 3,268 ​ $ — ​ $ 19,911 ​ Condensed Consolidating Statement of Cash Flows Twenty-six Weeks Ended June 30, 2018 (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Guarantor Non-Guarantor ​ ​ ​ ​ ​ ​ Parent ​ Subsidiaries ​ Subsidiaries ​ Eliminations ​ Consolidated Net cash provided by operating activities ​ $ — ​ $ 89,706 ​ $ 15,098 ​ $ — ​ $ 104,804 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash flows from investing activities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital expenditures ​ — ​ (15,229) ​ ​ (1,979) ​ ​ — ​ (17,208) Net cash used in investing activities ​ — ​ (15,229) ​ (1,979) ​ — ​ (17,208) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash flows from financing activities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Repayments of long-term debt ​ (150,000) ​ ​ — ​ ​ — ​ ​ — ​ (150,000) Dividends paid ​ (61,888) ​ ​ — ​ ​ — ​ ​ — ​ (61,888) Payments for the repurchase of common stock, net ​ ​ (18,529) ​ ​ — ​ ​ — ​ ​ — ​ ​ (18,529) Payments of tax withholding on behalf of employees for net share settlement of share-based compensation ​ — ​ ​ (1,832) ​ ​ — ​ ​ — ​ (1,832) Intercompany transactions ​ ​ 230,417 ​ ​ (218,633) ​ ​ (11,784) ​ ​ — ​ ​ — Net cash used in financing activities ​ — ​ (220,465) ​ (11,784) ​ ​ — ​ (232,249) Effect of exchange rate fluctuations on cash and cash equivalents ​ — ​ — ​ 987 ​ — ​ 987 Net (decrease) increase in cash and cash equivalents ​ — ​ (145,988) ​ 2,322 ​ — ​ (143,666) Cash and cash equivalents at beginning of period ​ — ​ 204,815 ​ 1,691 ​ — ​ 206,506 Cash and cash equivalents at end of period ​ $ — ​ $ 58,827 ​ $ 4,013 ​ $ — ​ $ 62,840 ​

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Fiscal Year and Business and Credit Concentrations (Details)	6 Months Ended	12 Months Ended
	Jun. 29, 2019	Dec. 28, 2019	Dec. 29, 2018
Fiscal Year
Number of weeks in each fiscal quarter		91 days	91 days
Number of weeks in fiscal period		364 days	364 days
Minimum
Fiscal Year
Number of years between 53 week fiscal years	5 years
Maximum
Fiscal Year
Number of weeks in fiscal period	371 days
Number of weeks in fourth fiscal quarter	98 days
Number of years between 53 week fiscal years	6 years

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - ASU Share-based payments to employees (Details) - USD ($) $ in Thousands	Jun. 29, 2019	Jan. 01, 2019
Newly Adopted Accounting Standards
Operating lease right-of-use assets	$ 42,059	$ 39,600
Total present value of future operating lease payments	45,336	42,600
ASU 2016-02
Newly Adopted Accounting Standards
Operating lease right-of-use assets	$ 39,600
Total present value of future operating lease payments		$ 42,600

Acquisitions and Divestitures_2

Acquisitions and Divestitures (Details) - USD ($) $ in Thousands	May 15, 2019	Jun. 29, 2019	Dec. 29, 2018
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Goodwill		$ 597,827	$ 584,435
Clabber Girl Corporation
Acquisitions and divestitures
Cash paid	$ 84,600
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Cash and cash equivalents	2,202
Trade accounts receivable, net	5,627
Inventory	11,305
Prepaid expenses and other current assets	154
Income tax receivable	7
Property, plant and equipment	20,697
Operating lease right-of-use assets	6,488
Trademarks - unamortizable intangible assets	18,500
Customer relationship intangibles-amortizable intangible assets	17,500
Trade accounts payable	(3,007)
Accrued expenses	(1,315)
Operating lease liabilities, current portion	(863)
Long-term operating lease liabilities, net of current portion	(6,055)
Goodwill	13,392
Total	$ 84,632

Acquisitions and Divestitures -

Acquisitions and Divestitures - McCann's (Details) - USD ($) $ in Thousands	Jul. 16, 2018	Jun. 29, 2019	Dec. 29, 2018
Preliminary Allocation:
Goodwill		$ 597,827	$ 584,435
McCann's brand of premium Irish oatmeal
Purchase Price:
Cash paid	$ 30,800
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:
Customer relationship intangibles-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 - Pirate (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Oct. 17, 2018	Jun. 29, 2019	Dec. 29, 2018
Acquisitions and divestitures
Net deferred tax liabilities			$ 243,754	$ 235,902
Pirate Brands
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
Special bonus
Period of ownership	5 years
Pirate Brands | Executive officers and certain members of senior management
Special bonus
Special bonus amount	$ 6,000
Pirate Brands | Trademarks
Assets sold:
Intangible assets		(152,800)
Pirate Brands | Customer relationship | Trademarks
Assets sold:
Intangible assets		$ (8,408)

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Jun. 29, 2019	Dec. 29, 2018
Inventories
Raw materials and packaging	$ 78,460	$ 61,905
Work-in-process	33,833	95,282
Finished goods	292,461	244,168
Inventories	$ 404,754	$ 401,355

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets (Details) - USD ($) $ in Thousands	May 15, 2019	Jun. 29, 2019	Jun. 30, 2018	Jun. 29, 2019	Jun. 30, 2018	Dec. 29, 2018
Goodwill and Other Intangible Assets
Amortization expense		$ 4,601	$ 4,609	$ 9,092	$ 9,218
Amortizable Intangible Assets
Gross Carrying Amount		372,690		372,690		$ 355,190
Accumulated Amortization		124,413		124,413		115,321
Net Carrying Amount		248,277		248,277		239,869
Unamortizable Intangible Assets
Goodwill		597,827		597,827		584,435
Future amortization expense
Remainder of fiscal 2019		9,400		9,400
2020		18,800		18,800
2021		18,800		18,800
2022		18,800		18,800
2023		18,700		18,700
2024		18,700		18,700
Clabber Girl Corporation
Amortizable Intangible Assets
Increase in goodwill	$ 13,400
Unamortizable Intangible Assets
Goodwill	13,392
Trademarks
Unamortizable Intangible Assets
Unamortizable intangible assets excluding goodwill		1,374,200		1,374,200		1,355,700
Trademarks
Amortizable Intangible Assets
Gross Carrying Amount		19,600		19,600		19,600
Accumulated Amortization		3,916		3,916		3,369
Net Carrying Amount		15,684		15,684		16,231
Trademarks | Clabber Girl Corporation
Amortizable Intangible Assets
Increase in intangible assets	18,500
Customer relationship
Amortizable Intangible Assets
Gross Carrying Amount		353,090		353,090		335,590
Accumulated Amortization		120,497		120,497		111,952
Net Carrying Amount		$ 232,593		$ 232,593		$ 223,638
Customer relationship | Clabber Girl Corporation
Amortizable Intangible Assets
Increase in intangible assets	$ 17,500

Long-Term Debt (Details)

Long-Term Debt (Details) - USD ($) $ in Thousands	Jun. 29, 2019	Dec. 29, 2018	Nov. 20, 2017	Apr. 03, 2017	Jun. 04, 2013
Information related to long-term debt
Outstanding principal	$ 1,815,000
Unamortized deferred financing costs	(15,475)	$ (17,490)
Unamortized premium	3,101	3,371
Total long-term debt, net of unamortized financing costs and discount/premium	1,802,626	1,635,881
Revolving credit loans
Information related to long-term debt
Outstanding principal	215,000	50,000
4.625% Senior notes due 2021
Information related to long-term debt
Outstanding principal	$ 700,000	$ 700,000
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
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 ($)	Mar. 30, 2017USD ($)	Jun. 30, 2018USD ($)	Mar. 31, 2018USD ($)	Jun. 29, 2019USD ($)item	Jun. 30, 2018USD ($)	Dec. 29, 2018USD ($)	Nov. 19, 2017USD ($)	Apr. 03, 2017USD ($)	Jun. 04, 2013USD ($)
Information related to senior notes
Outstanding principal							$ 1,815,000
Long-term debt							1,802,626		$ 1,635,881
Repayments of long-term debt								$ 150,000
Loss on extinguishment of debt					$ 546			3,324
Accrued Interest
Accrued interest							14,800		15,600
Extinguishment of Debt
Write-off of deferred debt financing costs					400
Write-off of unamortized discount					100
Tranche B Term Loans due 2022
Information related to senior notes
Outstanding principal			$ 650,100	$ 640,100			$ 0
Increase in principal of debt			$ 10,000
Repayments of long-term debt	$ 147,900	$ 352,200			25,000	$ 125,000
Loss on extinguishment of debt					$ 500			3,300	13,100
Extinguishment of Debt
Write-off of deferred debt financing costs								2,800
Write-off of unamortized discount								$ 500
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%
Revolving credit loans
Information related to senior notes
Outstanding principal							$ 215,000		50,000
Maximum capacity available			$ 700,000							$ 500,000
Outstanding letters of credit							1,600
Available borrowing capacity							$ 483,400
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 leverage ratio							1
Consolidated interest leverage ratio							1
Revolving credit loans | Maximum
Information related to senior notes
Consolidated leverage ratio							7
Consolidated interest leverage ratio							1.75
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%
Incremental term loan | Minimum
Information related to senior notes
Senior secured leverage ratio							1
Incremental term loan | Maximum
Information related to senior notes
Senior secured leverage ratio							4
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%

Long-Term Debt - Contractual Ma

Long-Term Debt - Contractual Maturities (Details) $ in Thousands	Jun. 29, 2019USD ($)
Aggregate contractual maturities of long-term debt
2021	$ 700,000
2022	215,000
Thereafter	900,000
Outstanding principal	$ 1,815,000

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 29, 2019	Jun. 30, 2018	Dec. 29, 2018
Financial assets and liabilities at fair value
Term loans and senior notes, carrying value	$ 1,802,626		$ 1,635,881
Changes in level 3
Level 3 activity	$ 0	$ 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		$ 900,000
Carrying Value
Financial assets and liabilities at fair value
Long-term Line of Credit	215,000		50,000
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	903,101		903,371
Fair value measured on recurring basis | Fair Value | Level 2
Financial assets and liabilities at fair value
Term loans and senior notes, fair value	215,000		50,000
Fair value measured on recurring basis | Fair Value | 4.625% Senior notes due 2021 | Level 2
Financial assets and liabilities at fair value
Term loans and senior notes, fair value	698,250		684,250
Fair value measured on recurring basis | Fair Value | 5.25% Senior Notes due 2025 | Level 2
Financial assets and liabilities at fair value
Term loans and senior notes, fair value	$ 907,617		$ 837,877

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss - Reclassifications (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 29, 2019	Mar. 30, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 29, 2019	Jun. 30, 2018
Reclassification from AOCL
Income tax expense	$ 6,505		$ 2,775		$ 12,189	$ 9,377
Net income	(18,251)	$ (16,791)	(7,976)	$ (20,547)	(35,042)	(28,523)
Defined Benefit Pension Plan Items | Amount Reclassified from AOCL
Reclassification from AOCL
Total before tax	215		184		430	332
Income tax expense	(52)		(46)		(105)	(83)
Net income	163		138		325	249
Amortization of unrecognized prior service cost | Amount Reclassified from AOCL
Reclassification from AOCL
Total before tax			1			1
Amortization of unrecognized loss | Amount Reclassified from AOCL
Reclassification from AOCL
Total before tax	$ 215		$ 183		$ 430	$ 331

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss - Changes in AOCI (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 29, 2019	Jun. 30, 2018	Jun. 29, 2019	Jun. 30, 2018
Changes in accumulated other comprehensive income (loss)
Beginning balance	$ 877,119	$ 872,648	$ 900,049	$ 880,819
Net current period other comprehensive income	1,706	(5,521)	3,326	(2,278)
Ending balance	868,360	827,014	868,360	827,014
Defined Benefit Pension Plan Items
Changes in accumulated other comprehensive income (loss)
Beginning balance			(12,224)
Amounts reclassified from AOCL			325
Net current period other comprehensive income			325
Ending balance	(11,899)		(11,899)
Foreign Currency Translation Adjustments
Changes in accumulated other comprehensive income (loss)
Beginning balance			(11,278)
Other comprehensive income before reclassifications			3,001
Net current period other comprehensive income			3,001
Ending balance	(8,277)		(8,277)
Accumulated Other Comprehensive Loss
Changes in accumulated other comprehensive income (loss)
Beginning balance	(21,882)	(17,513)	(23,502)	(20,756)
Other comprehensive income before reclassifications			3,001
Amounts reclassified from AOCL			325
Net current period other comprehensive income			3,326
Ending balance	$ (20,176)	$ (23,034)	$ (20,176)	$ (23,034)

Stock Repurchases Program (Deta

Stock Repurchases Program (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 29, 2019	Jun. 30, 2018	Jun. 29, 2019	Mar. 30, 2019	Mar. 13, 2018
Stock repurchase program
Value of stock authorized for repurchase				$ 50
Stock repurchased and retired (in shares)	407,022		1,397,148
Average price per share (in dollars per share)	$ 24.55		$ 26.41
Stock repurchased and retired (in dollars)	$ 10		$ 36.9
Available for future repurchases (in dollars)				$ 50
Stock repurchased (in shares)		0
Maximum
Stock repurchase program
Value of stock authorized for repurchase					$ 50

Pension Benefits - Net Periodic

Pension Benefits - Net Periodic Pension Cost, AOCI (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 29, 2019	Jun. 30, 2018	Jun. 29, 2019	Jun. 30, 2018
Components of net periodic pension cost
Service cost-benefits earned during the period	$ 1,734	$ 1,909	$ 3,671	$ 3,894
Interest cost on projected benefit obligation	1,431	1,267	2,873	2,529
Expected return on plan assets	(1,913)	(2,008)	(3,827)	(4,009)
Amortization of unrecognized prior service cost		1		1
Amortization of unrecognized loss	215	183	430	331
Net periodic pension cost	$ 1,467	$ 1,352	$ 3,147	2,746
Employer contributions				$ 1,100

Pension Benefits - Multi-Employ

Pension Benefits - Multi-Employer Defined Benefit Pension Plan (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 29, 2019	Dec. 29, 2018
Multi-Employer Defined Benefit Pension Plan
Contribution to the multi-employer plan	$ 0.5	$ 0.5
Maximum contribution to multi-employer plan (as a percent)	5.00%
Maximum
Multi-Employer Defined Benefit Pension Plan
Surcharges paid		$ 0.1
Surcharges expected to be paid	$ 0.3
Plan | Minimum
Multi-Employer Defined Benefit Pension Plan
Maximum contribution to multi-employer plan (as a percent)	5.00%

Leases (Details)

Leases (Details)	6 Months Ended
	Jun. 29, 2019
Lessee, Lease, Description [Line Items]
option to terminate	true
operating lease existence of option To terminate	true
Lessee, Operating Lease, Terminate Term	1 year
Minimum
Lessee, Lease, Description [Line Items]
remaining lease term	1 year
Maximum
Lessee, Lease, Description [Line Items]
remaining lease term	7 years
operating lease renewal term	5 years

Leases - Operating Leases on Ba

Leases - Operating Leases on Balance Sheets (Details) - USD ($) $ in Thousands	Jun. 29, 2019	Jan. 01, 2019
Leases [Abstract]
Operating lease right-of-use assets	$ 42,059	$ 39,600
Operating lease liabilities, current portion	9,915
Long-term operating lease liabilities, net of current portion	35,421
Total operating lease liabilities	$ 45,336	$ 42,600

Leases - Supplemental informati

Leases - Supplemental information related to leases (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 29, 2019	Jun. 30, 2018	Jun. 29, 2019	Jun. 30, 2018
Leases [Abstract]
Operating cash flows from operating leases	$ 2,795		$ 5,497
Cost of goods sold	769		1,437
Selling, general and administrative expenses	1,970		3,940
Total lease costs	2,739		5,377
Rent expense	$ 4,000		$ 7,200
Rent Expense before ASU 2016-02		$ 3,200		$ 6,500

Leases - Lease term and discoun

Leases - Lease term and discount rate for our ROU (Details)	Jun. 29, 2019
Leases [Abstract]
Weighted average remaining lease term (years)	5 years 9 months 18 days
Weighted average discount rate	4.07%

Leases - Maturity of lease liab

Leases - Maturity of lease liabilities (Topic 842) (Details) - USD ($) $ in Thousands	Jun. 29, 2019	Jan. 01, 2019
Leases [Abstract]
2019	$ 5,873
2020	10,797
2021	10,087
2022	5,622
2023	5,608
Thereafter	13,519
Total undiscounted future minimum lease payments	51,506
Less: Imputed interest	(6,170)
Total present value of future operating lease payments	$ 45,336	$ 42,600

Leases - Maturity of lease li_2

Leases - Maturity of lease liabilities (Topic 840) (Details) $ in Thousands	Dec. 29, 2018USD ($)
Leases [Abstract]
2019	$ 12,298
2020	10,953
2021	8,991
2022	4,733
2023	4,784
Thereafter	8,445
Total undiscounted future minimum lease payments	$ 50,204

Commitments and Contingencies -

Commitments and Contingencies - Collective Bargaining (Details)	6 Months Ended
	Jun. 29, 2019employeeagreement
Information related to Collective Bargaining Agreements
Number of employee	2,856
Covered under collective bargaining agreements
Information related to Collective Bargaining Agreements
Number of employee	1,740
Percentage of total employees covered under collective bargaining agreements	60.90%
Number of collective bargaining agreements expiring within one year | agreement	4
Covered under collective bargaining agreements | Collective Bargaining Agreement Covering Brooklyn Facility [Member]
Information related to Collective Bargaining Agreements
Number of employee	60
Covered under collective bargaining agreements | Collective Bargaining Agreement Covering Roseland Facility [Member]
Information related to Collective Bargaining Agreements
Number of employee	50
Covered under collective bargaining agreements | Collective Bargaining Agreement Covering Ankey Facility Member
Information related to Collective Bargaining Agreements
Number of employee	275
Covered under collective bargaining agreements | Collective Bargaining Agreement Covering Terre Haute Facility Member
Information related to Collective Bargaining Agreements
Number of employee	100
Collective bargaining agreements expiring with next 12 months
Information related to Collective Bargaining Agreements
Collective bargaining agreements expiration period	12 months

Earnings per Share (Details)

Earnings per Share (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 29, 2019	Jun. 30, 2018	Jun. 29, 2019	Jun. 30, 2018
Earnings per Share
Antidilutive securities excluded from computation of loss per share	1,076,206	1,225,416
Weighted average shares outstanding:
Basic (in shares)	65,341,356	66,307,190	65,463,964	66,412,421
Net effect of potentially dilutive share-based compensation awards (in shares)	49,159	46,449	39,871	122,121
Diluted (in shares)	65,390,515	66,353,639	65,503,835	66,534,542

Business and Credit Concentra_2

Business and Credit Concentrations and Geographic Information (Details) - customer	6 Months Ended		12 Months Ended
	Jun. 29, 2019	Jun. 30, 2018	Dec. 29, 2018
Net sales | Consolidated net sales | Top ten customers
Business and Credit Concentrations
Number of top customers	10	10
Percentage of concentration risk	55.00%	56.00%
Net sales | Consolidated net sales | Other than Walmart
Business and Credit Concentrations
Percentage of concentration risk	25.80%	24.80%
Accounts receivable | Consolidated net sales | Other than Walmart
Business and Credit Concentrations
Percentage of concentration risk	28.00%
Accounts receivable | Trade accounts receivables | Top ten customers
Business and Credit Concentrations
Number of top customers	10		10
Percentage of concentration risk	57.70%		54.80%
Accounts receivable | Trade accounts receivables | Other than Walmart
Business and Credit Concentrations
Percentage of concentration risk			24.90%
Foreign | Net sales | Consolidated net sales
Business and Credit Concentrations
Percentage of concentration risk	7.60%	6.90%

Share Based Payments - Stock Op

Share Based Payments - Stock Options (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 29, 2019	Jun. 30, 2018
Weighted Average Contractual Life Remaining (Years)
Weighted Average Contractual Life Remaining (Years)	6 years 11 months 4 days
Exercisable, Weighted Average Contractual Life Remaining (Years)	6 years 3 months 18 days
Assumptions:
Weighted average grant date fair value (in dollars per share)		$ 3.74
Stock Option
Options
Outstanding at beginning of fiscal period (in shares)	1,194,105
Granted (in shares)	40,938
Forfeited (in shares)	(116,223)
Cancelled (in shares)	(1,676)
Outstanding at end of quarter (in shares)	1,117,144
Exercisable at end of quarter (in shares)	818,483
Weighted Average Exercise Price
Outstanding at beginning of fiscal period (in dollar per share)	$ 31.40
Granted (in dollars per share)	22.68
Forfeited (in dollars per share)	30.23
Cancelled (in dollars per share)	29.10
Outstanding at end of quarter (in dollar per share)	31.20
Exercisable at end of quarter ( in dollars per share)	$ 31.94
Aggregate Intrinsic Value
Outstanding at end of quarter, Aggregate Intrinsic Value	$ 83
Assumptions:
Weighted average grant date fair value (in dollars per share)	$ 2.44
Expected volatility (as a percent)	31.27%
Expected term	5 years 6 months
Risk-free interest rate (as a percent)	1.86%
Dividend yield (as a percent)	8.38%
Stock Option | Minimum
Assumptions:
Expected volatility (as a percent)		30.60%
Expected term		5 years 6 months
Risk-free interest rate (as a percent)		2.60%
Dividend yield (as a percent)		6.70%
Stock Option | Maximum
Assumptions:
Expected volatility (as a percent)		31.70%
Expected term		6 years 6 months
Risk-free interest rate (as a percent)		2.80%
Dividend yield (as a percent)		8.10%

Share Based Payments - Share-ba

Share Based Payments - Share-based payments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 29, 2019	Jun. 30, 2018	Jun. 29, 2019	Jun. 30, 2018
Compensation expense
Total compensation expense for share-based payments	$ 1,384	$ 1,759	$ 1,964	$ 2,597
Performance shares
Compensation expense
Unrecognized compensation expense	2,900		$ 2,900
Period over which unrecognized compensation expense is expected to be recognized			2 years 6 months
Stock Option
Compensation expense
Unrecognized compensation expense	900		$ 900
Period over which unrecognized compensation expense is expected to be recognized			1 year 3 months 18 days
Additional pre-tax share based compensation expense			$ 700
Stock Option | Board Members [Member]
Compensation expense
Vested options, extended post-retirement exercise period			48,727
Stock Option | Retired Executives [Member]
Compensation expense
Vested options, extended post-retirement exercise period			517,785
Cost of Goods Sold
Compensation expense
Total compensation expense for share-based payments	157	495	$ 330	764
Selling, General and Administrative Expenses
Compensation expense
Total compensation expense for share-based payments	$ 1,227	$ 1,264	$ 1,634	$ 1,833

Share Based Payments - Performa

Share Based Payments - Performance (Details) - Performance shares - $ / shares shares in Thousands	6 Months Ended
	Jun. 29, 2019	Jun. 30, 2018
Number of Shares
Balance at the beginning of the period (in shares)	509,317
Granted (in shares)	382,574
Vested (in shares)	(102,893)	(150,255)
Forfeited (in shares)	(124,229)
Balance at the end of the period (in shares)	664,769
Weighted Average Grant Date Fair Value
Balance at the beginning of the period (in dollars per share)	$ 27.30
Granted (in dollars per share)	18.88
Vested (in dollars per share)	29.04
Forfeited (in dollars per share)	26.35
Balance at the end of the period (in dollars per share)	$ 22.38
Maximum
Share-based Compensation Arrangement by Share-based Payment Award
Percentage of target number of shares that may be earned	200.00%

Share Based Payments - Other Ve

Share Based Payments - Other Vested (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 29, 2019	Jun. 30, 2018	Jun. 29, 2019	Jun. 30, 2018
Share based compensation expense related to long-term incentive plans
Total shares of common stock issued	77,907	33,920	143,835	127,996
Board Members [Member]
Share based compensation expense related to long-term incentive plans
Total shares of common stock issued	45,848	33,920	45,848	35,039
Performance shares
Share based compensation expense related to long-term incentive plans
Number of performance shares vested			102,893	150,255
Shares withheld to fund statutory minimum tax withholding			(36,965)	(57,298)
Total shares of common stock issued			65,928	92,957
Restricted Stock [Member] | Employee
Share based compensation expense related to long-term incentive plans
Total shares of common stock issued	32,059		32,059

Share-Based Payments, ASU 2016-

Share-Based Payments, ASU 2016-09 (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 29, 2019	Jun. 30, 2018	Jun. 29, 2019	Jun. 30, 2018
Share-Based Payments
Income tax expense (benefit)	$ 6,505	$ 2,775	$ 12,189	$ 9,377

Workforce Reduction (Details)

Workforce Reduction (Details) $ in Millions	6 Months Ended
	Jun. 29, 2019USD ($)item
Restructuring Cost and Reserve [Line Items]
Severance and related charges	$ 1.9
Severance and related charges, expected additional charges	0.5
Severance additional charges	1.3
Severance Costs	1.1
Employee severance and other employee costs	$ 1.9
Number of employees retirement agreements | item	2
Reduced employee expenses
Restructuring Cost and Reserve [Line Items]
Pre-tax annual effect on future earnings	$ 2.4

Net Sales by Brand (Details)

Net Sales by Brand (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 29, 2019	Jun. 30, 2018	Jun. 29, 2019	Jun. 30, 2018
Brand
Net sales	$ 371,197	$ 388,378	$ 783,931	$ 820,107
Specific brand sale to total sale (as a percent)			3.00%
Green Giant - frozen
Brand
Net sales	87,657	84,182	$ 188,520	179,071
Spices and Seasonings
Brand
Net sales	61,012	63,670	124,238	126,430
Ortega
Brand
Net sales	34,048	34,068	71,300	71,922
Green Giant - shelf stable
Brand
Net sales	18,310	13,446	44,749	39,129
Pirate Brands
Brand
Net sales		25,206		46,202
Back To Nature
Brand
Net sales	16,003	17,622	32,665	37,662
Maple Grove Farms of Vermont
Brand
Net sales	17,778	17,078	35,675	34,043
Cream of Wheat
Brand
Net sales	11,678	11,777	29,088	30,201
Mrs. Dash
Brand
Net sales	14,427	14,513	29,635	31,249
All other brands
Brand
Net sales	$ 110,284	$ 106,816	$ 228,061	$ 224,198

Guarantor and Non-Guarantor F_3

Guarantor and Non-Guarantor Financial Information (Details) - USD ($) $ in Thousands	Jun. 29, 2019	Mar. 30, 2019	Jan. 01, 2019	Dec. 29, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 30, 2017	Nov. 20, 2017	Apr. 03, 2017	Jun. 04, 2013
Current assets:
Cash and cash equivalents	$ 19,911			$ 11,648
Trade accounts receivable, net	136,493			151,707
Inventories, net	404,754			401,355
Prepaid expenses and other current assets	26,223			19,988
Income tax receivable	10,056			1,398
Total current assets	597,437			586,096
Property, plant and equipment, net	305,322			282,553
Operating lease right-of-use assets	42,059		$ 39,600
Goodwill	597,827			584,435
Other intangibles, net	1,622,477			1,595,569
Other assets	1,083			1,206
Deferred income taxes	5,562			4,940
Total assets	3,171,767			3,054,799
Current liabilities:
Trade accounts payable	113,536			140,000
Accrued expenses	43,240			55,660
Operating lease liabilities, current portion	9,915
Income tax payable	410			31,624
Dividends payable	31,053			31,178
Total current liabilities	198,154			258,462
Long-term debt	1,802,626			1,635,881
Net deferred tax liabilities	243,754			235,902
Long-term operating lease liabilities, net of current portion	35,421
Other liabilities	23,452			24,505
Total liabilities	2,303,407			2,154,750
Stockholders' equity:
Preferred stock
Common Stock	654			656
Additional paid-in capital	46,284			116,339
Accumulated other comprehensive loss	(20,176)			(23,502)
Retained earnings	841,598			806,556
Total stockholders' equity	868,360	$ 877,119		900,049	$ 827,014	$ 872,648	$ 880,819
Total liabilities and stockholders' equity	$ 3,171,767			$ 3,054,799
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	$ 2,717,514			$ 2,584,598
Total assets	2,717,514			2,584,598
Current liabilities:
Dividends payable	31,053			31,178
Total current liabilities	31,053			31,178
Long-term debt	1,818,101			1,653,371
Total liabilities	1,849,154			1,684,549
Stockholders' equity:
Preferred stock
Common Stock	654			656
Additional paid-in capital	46,284			116,339
Accumulated other comprehensive loss	(20,176)			(23,502)
Retained earnings	841,598			806,556
Total stockholders' equity	868,360			900,049
Total liabilities and stockholders' equity	2,717,514			2,584,598
Reportable Legal Entities | Guarantor Subsidiaries
Current assets:
Cash and cash equivalents	16,643			9,871
Trade accounts receivable, net	128,326			140,464
Inventories, net	347,213			332,774
Prepaid expenses and other current assets	21,726			15,995
Income tax receivable	9,512
Total current assets	523,420			499,104
Property, plant and equipment, net	261,137			238,128
Operating lease right-of-use assets	41,974
Goodwill	597,827			584,435
Other intangibles, net	1,622,477			1,595,569
Other assets	1,070			1,193
Investments in subsidiaries	98,611			93,069
Total assets	3,146,516			3,011,498
Current liabilities:
Trade accounts payable	101,888			115,946
Accrued expenses	40,051			53,386
Operating lease liabilities, current portion	9,871
Income tax payable	1,330			31,247
Intercompany payables	(11,235)			(16,581)
Total current liabilities	141,905			183,998
Long-term debt	(15,475)			(17,490)
Net deferred tax liabilities	243,754			235,902
Long-term operating lease liabilities, net of current portion	35,367
Other liabilities	23,452			24,490
Total liabilities	429,003			426,900
Stockholders' equity:
Preferred stock
Additional paid-in capital	1,898,316			1,803,769
Accumulated other comprehensive loss	(20,176)			(23,502)
Retained earnings	839,373			804,331
Total stockholders' equity	2,717,513			2,584,598
Total liabilities and stockholders' equity	3,146,516			3,011,498
Reportable Legal Entities | Non-Guarantor Subsidiaries
Current assets:
Cash and cash equivalents	3,268			1,777
Trade accounts receivable, net	8,167			11,243
Inventories, net	57,541			68,581
Prepaid expenses and other current assets	4,497			3,993
Income tax receivable	544			1,398
Total current assets	74,017			86,992
Property, plant and equipment, net	44,185			44,425
Operating lease right-of-use assets	85
Other assets	13			13
Deferred income taxes	5,562			4,940
Total assets	123,862			136,370
Current liabilities:
Trade accounts payable	11,648			24,054
Accrued expenses	3,189			2,274
Operating lease liabilities, current portion	44
Income tax payable	(920)			377
Intercompany payables	11,235			16,581
Total current liabilities	25,196			43,286
Long-term operating lease liabilities, net of current portion	54
Other liabilities				15
Total liabilities	25,250			43,301
Stockholders' equity:
Preferred stock
Additional paid-in capital	68,253			68,253
Accumulated other comprehensive loss	(8,276)			(11,279)
Retained earnings	38,635			36,095
Total stockholders' equity	98,612			93,069
Total liabilities and stockholders' equity	123,862			136,370
Eliminations
Current assets:
Investments in subsidiaries	(2,816,125)			(2,677,667)
Total assets	(2,816,125)			(2,677,667)
Stockholders' equity:
Preferred stock
Additional paid-in capital	(1,966,569)			(1,872,022)
Accumulated other comprehensive loss	28,452			34,781
Retained earnings	(878,008)			(840,426)
Total stockholders' equity	(2,816,125)			(2,677,667)
Total liabilities and stockholders' equity	$ (2,816,125)			$ (2,677,667)

Guarantor and Non-Guarantor F_4

Guarantor and Non-Guarantor Financial Information - Operating Income and Expense (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 29, 2019	Mar. 30, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 29, 2019	Jun. 30, 2018
Net sales	$ 371,197		$ 388,378		$ 783,931	$ 820,107
Cost of goods sold	279,330		307,205		603,985	635,578
Gross profit	91,867		81,173		179,946	184,529
Operating expenses:
Selling, general and administrative expenses	39,856		37,272		78,153	79,840
Amortization expense	4,601		4,609		9,092	9,218
Operating income	47,410		39,292		92,701	95,471
Other income and expenses:
Interest expense, net	23,179		27,607		46,253	55,913
Loss on extinguishment of debt			546			3,324
Other expense (income)	(525)		388		(783)	(1,666)
Income before income tax expense	24,756		10,751		47,231	37,900
Income tax expense	6,505		2,775		12,189	9,377
Net income	18,251	$ 16,791	7,976	$ 20,547	35,042	28,523
Comprehensive income (loss)	19,957		2,455		38,368	26,245
Eliminations
Net sales	(38,723)		(24,975)		(71,181)	(53,409)
Cost of goods sold	(38,723)		(24,975)		(71,181)	(53,409)
Other income and expenses:
Equity in earnings of subsidiaries	(14,733)		(10,588)		(37,582)	(33,335)
Net income	(14,733)		(10,588)		(37,582)	(33,335)
Comprehensive income (loss)	(16,113)		(4,791)		(40,258)	(30,559)
Parent | Reportable Legal Entities
Other income and expenses:
Equity in earnings of subsidiaries	18,251		7,976		35,042	28,523
Net income	18,251		7,976		35,042	28,523
Comprehensive income (loss)	19,957		2,455		38,368	26,245
Guarantor Subsidiaries | Reportable Legal Entities
Net sales	363,329		372,442		753,496	780,290
Cost of goods sold	273,706		294,431		580,006	605,656
Gross profit	89,623		78,011		173,490	174,634
Operating expenses:
Selling, general and administrative expenses	34,887		35,902		74,942	75,041
Amortization expense	4,601		4,609		9,092	9,218
Operating income	50,135		37,500		89,456	90,375
Other income and expenses:
Interest expense, net	23,179		27,607		46,253	55,913
Loss on extinguishment of debt			546			3,324
Other expense (income)	(525)		388		(783)	(1,666)
Income before income tax expense	27,481		8,959		43,986	32,804
Income tax expense	5,712		3,595		11,484	9,093
Equity in earnings of subsidiaries	(3,518)		2,612		2,540	4,812
Net income	18,251		7,976		35,042	28,523
Comprehensive income (loss)	18,088		7,838		34,717	28,274
Non-Guarantor Subsidiaries | Reportable Legal Entities
Net sales	46,591		40,911		101,616	93,226
Cost of goods sold	44,347		37,749		95,160	83,331
Gross profit	2,244		3,162		6,456	9,895
Operating expenses:
Selling, general and administrative expenses	4,969		1,370		3,211	4,799
Operating income	(2,725)		1,792		3,245	5,096
Other income and expenses:
Income before income tax expense	(2,725)		1,792		3,245	5,096
Income tax expense	793		(820)		705	284
Net income	(3,518)		2,612		2,540	4,812
Comprehensive income (loss)	$ (1,975)		$ (3,047)		$ 5,541	$ 2,285

Guarantor and Non-Guarantor F_5

Guarantor and Non-Guarantor Financial Information - Cash Flows (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 29, 2019	Jun. 30, 2018
Cash flows from operating activities:
Net cash provided by (used in) operating activities	$ 16,846	$ 104,804
Cash flows from investing activities:
Capital expenditures	(18,148)	(17,208)
Payments for acquisition of businesses, net of cash acquired	(82,430)
Net cash used in investing activities	(100,578)	(17,208)
Cash flows from financing activities:
Repayments of long-term debt		(150,000)
Repayments of borrowings under revolving credit facility	(95,000)
Borrowings under revolving credit facility	260,000
Dividends paid	(62,194)	(61,888)
Payments for repurchase of common stock, net	(10,000)	(18,529)
Payments of tax withholding on behalf of employees for net share settlement of share-based compensation	(905)	(1,832)
Net cash provided by (used in) financing activities	91,901	(232,249)
Effect of exchange rate fluctuations on cash and cash equivalents	94	987
Net decrease in cash and cash equivalents	8,263	(143,666)
Cash and cash equivalents at beginning of period	11,648	206,506
Cash and cash equivalents at end of period	19,911	62,840
Parent | Reportable Legal Entities
Cash flows from financing activities:
Repayments of long-term debt		(150,000)
Repayments of borrowings under revolving credit facility	(95,000)
Borrowings under revolving credit facility	260,000
Dividends paid	(62,194)	(61,888)
Payments for repurchase of common stock, net	(10,000)	(18,529)
Intercompany transactions	(92,806)	230,417
Guarantor Subsidiaries | Reportable Legal Entities
Cash flows from operating activities:
Net cash provided by (used in) operating activities	8,526	89,706
Cash flows from investing activities:
Capital expenditures	(16,530)	(15,229)
Payments for acquisition of businesses, net of cash acquired	(82,430)
Net cash used in investing activities	(98,960)	(15,229)
Cash flows from financing activities:
Payments of tax withholding on behalf of employees for net share settlement of share-based compensation	(905)	(1,832)
Intercompany transactions	98,111	(218,633)
Net cash provided by (used in) financing activities	97,206	(220,465)
Net decrease in cash and cash equivalents	6,772	(145,988)
Cash and cash equivalents at beginning of period	9,871	204,815
Cash and cash equivalents at end of period	16,643	58,827
Non-Guarantor Subsidiaries | Reportable Legal Entities
Cash flows from operating activities:
Net cash provided by (used in) operating activities	8,320	15,098
Cash flows from investing activities:
Capital expenditures	(1,618)	(1,979)
Net cash used in investing activities	(1,618)	(1,979)
Cash flows from financing activities:
Intercompany transactions	(5,305)	(11,784)
Net cash provided by (used in) financing activities	(5,305)	(11,784)
Effect of exchange rate fluctuations on cash and cash equivalents	94	987
Net decrease in cash and cash equivalents	1,491	2,322
Cash and cash equivalents at beginning of period	1,777	1,691
Cash and cash equivalents at end of period	$ 3,268	$ 4,013