B&G Foods (BGS) 10-Q 5 Nov 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 28, 2019	Oct. 31, 2019
Document and Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 28, 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		64,044,649
Entity Central Index Key	0001278027
Current Fiscal Year End Date	--12-28
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 28, 2019	Dec. 29, 2018
Current assets:
Cash and cash equivalents	$ 267,006	$ 11,648
Trade accounts receivable, net	167,975	151,707
Inventories	526,074	401,355
Prepaid expenses and other current assets	30,171	19,988
Income tax receivable	12,029	1,398
Total current assets	1,003,255	586,096
Property, plant and equipment, net of accumulated depreciation of $259,679 and $230,200 as of September 28, 2019 and December 29, 2018, respectively	303,107	282,553
Operating lease right-of-use assets	41,176
Goodwill	595,913	584,435
Other intangibles, net	1,619,848	1,595,569
Other assets	3,580	1,206
Deferred income taxes	5,378	4,940
Total assets	3,572,257	3,054,799
Current liabilities:
Trade accounts payable	177,115	140,000
Accrued expenses	68,472	55,660
Operating lease liabilities, current portion	9,990
Income tax payable	3,496	31,624
Dividends payable	30,421	31,178
Total current liabilities	289,494	258,462
Long-term debt	2,133,487	1,635,881
Deferred income taxes	252,131	235,902
Long-term operating lease liabilities, net of current portion	34,415
Other liabilities	19,315	24,505
Total liabilities	2,728,842	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; 64,044,649 and 65,638,701 shares issued and outstanding as of September 28, 2019 and December 29, 2018, respectively	640	656
Additional paid-in capital		116,339
Accumulated other comprehensive loss	(21,813)	(23,502)
Retained earnings	864,588	806,556
Total stockholders' equity	843,415	900,049
Total liabilities and stockholders' equity	$ 3,572,257	$ 3,054,799

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 28, 2019	Dec. 29, 2018
Consolidated Balance Sheets
Property, plant and equipment, accumulated depreciation (in dollars)	$ 259,679	$ 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	64,044,649	65,638,701
Common stock, shares outstanding	64,044,649	65,638,701

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 28, 2019	Sep. 29, 2018	Sep. 28, 2019	Sep. 29, 2018
Consolidated Statements of Operations
Net sales	$ 406,311	$ 422,602	$ 1,190,242	$ 1,242,709
Cost of goods sold	297,530	307,563	901,515	943,141
Gross profit	108,781	115,039	288,727	299,568
Operating expenses:
Selling, general and administrative expenses	38,112	39,987	116,265	119,827
Amortization expense	4,729	4,634	13,821	13,852
Operating income	65,940	70,418	158,641	165,889
Other income and expenses:
Interest expense, net	24,152	27,932	70,405	83,845
Loss on extinguishment of debt				3,324
Other income	(59)	(1,313)	(842)	(2,979)
Income before income tax expense	41,847	43,799	89,078	81,699
Income tax expense	10,759	11,811	22,948	21,188
Net income	$ 31,088	$ 31,988	$ 66,130	$ 60,511
Weighted average shares outstanding:
Basic (in shares)	65,081,045	65,932,352	65,336,324	66,252,392
Diluted (in shares)	65,102,793	66,020,775	65,370,154	66,363,252
Earnings per share:
Basic (in dollars per share)	$ 0.48	$ 0.49	$ 1.01	$ 0.91
Diluted (in dollars per share)	0.48	0.48	1.01	0.91
Cash dividends declared per share (in dollars per share)	$ 0.475	$ 0.475	$ 1.425	$ 1.415

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 28, 2019	Jun. 29, 2019	Mar. 30, 2019	Sep. 29, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 28, 2019	Sep. 29, 2018
Consolidated Statements of Comprehensive Income
Net income	$ 31,088	$ 18,251	$ 16,791	$ 31,988	$ 7,976	$ 20,547	$ 66,130	$ 60,511
Other comprehensive (loss) income:
Foreign currency translation adjustments	(1,790)	1,543	1,458	3,998	(5,659)	3,132	1,211	1,471
Amortization of unrecognized prior service cost and pension deferrals, net of tax	153	$ 163	$ 162	138	$ 138	$ 111	478	387
Other comprehensive (loss) income	(1,637)			4,136			1,689	1,858
Comprehensive income	$ 29,451			$ 36,124			$ 67,819	$ 62,369

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					1,471
Change in pension benefit (net of of income taxes)					387
Net income					60,511
Ending balance at Sep. 29, 2018	$ 659	156,193	(18,898)	694,632	832,586
Balance (in shares) at Sep. 29, 2018	65,932,909
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)
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
Increase (Decrease) in Stockholders' Equity
Foreign currency translation			3,998		3,998
Change in pension benefit (net of of income taxes)			138		138
Net income				31,988	31,988
Share-based compensation		745			745
Stock options exercised		21			21
Stock options exercised (in shares)	618
Dividends declared on common stock		(31,318)			(31,318)
Ending balance at Sep. 29, 2018	$ 659	156,193	(18,898)	694,632	832,586
Balance (in shares) at Sep. 29, 2018	65,932,909
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)				(64,044,649)
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					$ 1,211
Change in pension benefit (net of of income taxes)					478
Net income					66,130
Ending balance at Sep. 28, 2019	$ 640		(21,813)	864,588	$ 843,415
Balance (in shares) at Sep. 28, 2019	64,044,649				64,044,649
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
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
Increase (Decrease) in Stockholders' Equity
Foreign currency translation			(1,790)		(1,790)
Change in pension benefit (net of of income taxes)			153		153
Net income				31,088	31,088
Issuance of common stock for share-based compensation		739			739
Repurchase of common stock	$ (14)	(24,700)			(24,714)
Repurchase of common stock (in shares)	(1,330,865)
Dividends declared on common stock		$ (22,323)		(8,098)	(30,421)
Ending balance at Sep. 28, 2019	$ 640		$ (21,813)	$ 864,588	$ 843,415
Balance (in shares) at Sep. 28, 2019	64,044,649				64,044,649

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Sep. 28, 2019	Jun. 29, 2019	Mar. 30, 2019	Sep. 29, 2018	Jun. 30, 2018	Mar. 31, 2018
Consolidated Statements of Changes in Stockholders' Equity
Change in pension benefit, income taxes	$ 63	$ 52	$ 53	$ 45	$ 46	$ 36
Dividends declared on common stock, per share (in dollars per share)	$ 0.475	$ 0.475	$ 0.475	$ 0.475	$ 0.475	$ 0.475

Consolidated Statements of Cash

Consolidated Statements of Cash Flows $ in Thousands	9 Months Ended
	Sep. 28, 2019USD ($)	Sep. 29, 2018USD ($)
Cash flows from operating activities:
Net income	$ 66,130	$ 60,511
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	43,542	39,933
Amortization of operating lease right-of-use assets	8,430
Amortization of deferred debt financing costs and bond discount/premium	2,618	4,410
Deferred income taxes	15,622	16,496
Write-off of property, plant, and equipment	89	99
Loss on extinguishment of debt		3,324
Share-based compensation expense	2,963	3,346
Changes in assets and liabilities, net of effects of businesses acquired:
Trade accounts receivable	(10,316)	(30,523)
Inventories	(112,190)	6,933
Prepaid expenses and other current assets	(9,363)	(8,339)
Income tax receivable/payable	(38,699)	2,377
Other assets	39	212
Trade accounts payable	32,009	30,353
Accrued expenses	5,029	11,481
Other liabilities	(4,574)	(1,550)
Net cash provided by operating activities	1,329	139,063
Cash flows from investing activities:
Capital expenditures	(28,515)	(25,916)
Proceeds from sale of property, plant and equipment	31
Payments for acquisition of businesses, net of cash acquired	(82,430)	(30,787)
Net cash used in investing activities	(110,914)	(56,703)
Cash flows from financing activities:
Repayments of long-term debt		(150,000)
Proceeds from issuance of long-term debt	550,000
Repayments of borrowings under revolving credit facility	(515,000)	(50,000)
Borrowings under revolving credit facility	465,000	50,000
Proceeds from issuance of common stock, net		21
Dividends paid	(93,248)	(93,206)
Payments for repurchase of common stock, net	(34,713)	(18,529)
Payments of tax withholding on behalf of employees for net share settlement of share-based compensation	(905)	(1,832)
Payments for debt financing costs	(6,254)
Net cash provided by (used in) financing activities	364,880	(263,546)
Effect of exchange rate fluctuations on cash and cash equivalents	63	851
Net increase (decrease) in cash and cash equivalents	255,358	(180,335)
Cash and cash equivalents at beginning of period	11,648	206,506
Cash and cash equivalents at end of period	267,006	26,171
Supplemental disclosures of cash flow information:
Cash interest payments	48,634	59,484
Cash income tax payments	46,003	2,337
Non-cash investing and financing transactions:
Dividends declared and not yet paid	30,421	31,318
Accruals related to purchases of property, plant and equipment	1,039	$ 3,125
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 851

Nature of Operations

Nature of Operations	9 Months Ended
	Sep. 28, 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	9 Months Ended
	Sep. 28, 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 thirty-nine week periods ended September 28, 2019 (third quarter and first three quarters of 2019) and September 29, 2018 (third quarter and first three 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 September 28, 2019, and the results of our operations, comprehensive income and cash flows for the third quarter and first three quarters of 2019 and 2018. Our results of operations for the third quarter and first three 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	9 Months Ended
	Sep. 28, 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 ​ 11,119 Prepaid expenses and other current assets ​ 154 Income tax receivable ​ 7 Property, plant and equipment, net ​ 20,697 Operating lease right-of-use assets ​ 7,841 Trademarks — indefinite-lived intangible assets ​ 19,600 Customer relationship intangibles — finite-lived intangible assets ​ 18,500 Trade accounts payable ​ (3,007) Accrued expenses ​ (1,315) Operating lease liabilities, current portion ​ (952) Long-term operating lease liabilities, net of current portion ​ (7,319) Goodwill ​ 11,478 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 allocation of the McCann’s McCann’s ​ ​ ​ ​ 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 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	9 Months Ended
	Sep. 28, 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): ​ ​ ​ ​ ​ ​ ​ ​ September 28, 2019 December 29, 2018 Raw materials and packaging ​ $ 75,180 ​ $ 61,905 Work-in-process ​ ​ 132,094 ​ ​ 95,282 Finished goods ​ 318,800 ​ 244,168 Inventories ​ $ 526,074 ​ $ 401,355 ​

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	9 Months Ended
	Sep. 28, 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): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 28, 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 ​ $ 4,189 ​ $ 15,411 ​ $ 19,600 ​ $ 3,369 ​ $ 16,231 Customer relationships ​ 354,090 ​ 124,953 ​ 229,137 ​ 335,590 ​ 111,952 ​ 223,638 Total finite-lived intangible assets ​ $ 373,690 ​ $ 129,142 ​ $ 244,548 ​ $ 355,190 ​ $ 115,321 ​ $ 239,869 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Indefinite-Lived Intangible Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ $ 595,913 ​ ​ ​ ​ ​ ​ ​ $ 584,435 ​ ​ ​ ​ ​ ​ Trademarks ​ $ 1,375,300 ​ ​ ​ ​ ​ ​ ​ $ 1,355,700 ​ ​ ​ ​ ​ ​ ​ As a result of the Clabber Girl Amortization expense associated with finite-lived intangible assets for the third quarter and first three quarters of 2019 was $4.7 million and $13.8 million, respectively, and is recorded in operating expenses. Amortization expense associated with finite-lived intangible assets for the third quarter and first three quarters of 2018 was $4.6 million and $13.9 million, respectively. We expect to recognize an additional $4.7 million of amortization expense associated with our finite-lived intangible assets during the remainder of fiscal 2019, and thereafter $18.9 million of amortization expense in each of the fiscal years 2020, 2021 and 2022, respectively, $18.8 million in fiscal 2023 and $18.7 million in fiscal 2024. See Note 3, “Acquisitions and Divestitures.”

Long-Term Debt

Long-Term Debt	9 Months Ended
	Sep. 28, 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): ​ ​ ​ ​ ​ ​ ​ ​ September 28, 2019 December 29, 2018 Revolving credit loans $ — $ 50,000 4.625% senior notes due 2021 (1) ​ 700,000 ​ 700,000 5.25% senior notes due 2025 ​ ​ 900,000 ​ ​ 900,000 5.25% senior notes due 2027 ​ ​ 550,000 ​ ​ — Unamortized deferred financing costs ​ ​ (19,479) ​ (17,490) Unamortized premium ​ 2,966 ​ 3,371 Total long-term debt, net of unamortized deferred financing costs and premium (1) ​ $ 2,133,487 ​ $ 1,635,881 (1) On October 10, 2019, we redeemed all $700.0 million principal amount of our 4.625% senior notes due 2021 and incurred $450.0 million of new long-term debt in the form of tranche B term loans that mature in 2026. We expect to record a loss on extinguishment of debt of approximately $1.2 million in the fourth quarter of 2019. See Note 19, “Subsequent Events.” As of September 28, 2019, the aggregate contractual maturities of long-term debt were as follows (in thousands): ​ ​ ​ ​ Fiscal year ending: ​ ​ ​ 2019 $ — 2020 — ​ 2021 700,000 (1) 2022 — ​ 2023 — ​ Thereafter 1,450,000 ​ Total $ 2,150,000 (1) (1) On October 10, 2019, we redeemed all $700.0 million principal amount of our 4.625% senior notes due 2021 and incurred $450.0 million of new long-term debt in the form of tranche B term loans that mature in 2026. We expect to record a loss on extinguishment of debt of approximately $1.2 million in the fourth quarter of 2019. See Note 19, “Subsequent Events.” Senior Secured Credit Agreement. At September 28, 2019, our revolving credit facility under our credit agreement was undrawn and the available borrowing capacity under the revolving credit facility, net of outstanding letters of credit of $1.6 million, was $698.4 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. 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 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 loans that we repaid in 2018 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%. 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 September 28, 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. See Note 19, “Subsequent Events.” 4.625% enior Notes due 2021. of their face value. Interest on the senior notes due 2021. On October 10, 2019, we redeemed all 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 due 2025 is payable on April 1 and October 1 of each year, commencing October 1, 2017. The 5.25% senior notes due 2025 will mature on April 1, 2025, unless earlier retired or redeemed as described below. On or after April 1, 2020, we may redeem some or all of the 5.25% senior notes due 2025 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 due 2025 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 due 2025 through cash repurchases of the 5.25% senior notes due 2025 and/or exchanges of the 5.25% senior notes due 2025 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 due 2025 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 due 2025 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 due 2025 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 September 28, 2019, we were in compliance with all of the covenants in the indenture governing the 5.25% senior notes due 2025. 5.25% Senior Notes due 2027 We used the proceeds of the offering, together with the proceeds of incremental term loans made during the fourth quarter of 2019 (see Note 19, “Subsequent Events”), to redeem all of our outstanding 4.625% senior notes due 2021, repay a portion of our borrowings under our revolving credit facility, pay related fees and expenses and for general corporate purposes. Interest on the 5.25% senior notes due 2027 is payable on March 15 and September 15 of each year, commencing March 15, 2020. The 5.25% senior notes due 2027 will mature on September 15, 2027, unless earlier retired or redeemed as described below. We may redeem some or all of the 5.25% senior notes due 2027 at a redemption price of 103.938% beginning March 1, 2022 and thereafter at prices declining annually to 100% on or after March 1, 2025, in each case plus accrued and unpaid interest to the date of redemption. We may redeem up to 40% of the aggregate principal amount of the 5.25% senior notes due 2027 prior to March 1, 2022 with the net proceeds from certain equity offerings. We may also redeem some or all of the 5.25% senior notes due 2027 at any time prior to March 1, 2022 at a redemption price equal to the make-whole amount set forth in the tenth supplemental indenture. 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 due 2027 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 due 2027 through cash repurchases of the 5.25% senior notes due 2027 and/or exchanges of the 5.25% senior notes due 2027 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 due 2027 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 due 2027 and the subsidiary guarantees are our and the guarantors’ general unsecured obligations and are effectively junior in right of payment to all of our and the guarantors’ secured indebtedness and to all existing and future indebtedness and other liabilities of our non-guarantor subsidiaries; are pari passu in right of payment to all of our and the guarantors’ existing and future unsecured senior debt; and are senior in right of payment to all of our and the guarantors’ future subordinated debt. Our foreign subsidiaries are not guarantors, and any future foreign or partially owned domestic subsidiaries will not be guarantors, of the 5.25% senior notes due 2027. The indenture governing the 5.25% senior notes due 2027 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. Subsidiary Guarantees. Accrued Interest Loss on Extinguishment of Debt

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 28, 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 due 2021, 5.25% senior notes due 2025 and 5.25% senior notes due 2027 as of September 28, 2019 and December 29, 2018 were as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 28, 2019 ​ ​ December 29, 2018 ​ Carrying Value Fair Value Carrying Value Fair Value Revolving credit loans ​ $ — ​ $ — ​ $ 50,000 ​ $ 50,000 (1) 4.625% senior notes due 2021 ​ ​ 700,000 (2) ​ 700,287 (3) ​ 700,000 (2) ​ 684,250 (3) 5.25% senior notes due 2025 ​ ​ 902,966 (4) ​ 923,283 (3) ​ 903,371 (4) ​ 837,877 (3) 5.25% senior notes due 2027 ​ $ 550,000 ​ $ 562,375 (3) $ — ​ $ — ​ (1) Fair values are estimated based on Level 2 inputs, which were quoted prices for identical or similar instruments in markets that are not active. (2) On October 10, 2019, we redeemed all $700.0 million principal amount of our 4.625% senior notes due 2021. See Note 19, “Subsequent Events.” (3) Fair values are estimated based on quoted market prices. (4) The carrying values of the 5.25% senior notes due 2025 include a premium. At September 28, 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 third quarter or first three quarters of 2019 or 2018.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	9 Months Ended
	Sep. 28, 2019
Accumulated Other Comprehensive Loss.
Accumulated Other Comprehensive Loss	(8) Accumulated Other Comprehensive Loss The reclassifications from accumulated other comprehensive loss (AOCL) for the third quarter and first three quarters of 2019 and 2018 were as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amounts Reclassified from AOCL ​ ​ ​ Thirteen Weeks Ended ​ Thirty-nine Weeks Ended ​ Affected Line Item in ​ September 28, September 29, September 28, September 29, ​ 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 ​ $ — ​ $ 2 ​ See (1) below Amortization of unrecognized loss 216 ​ 183 ​ ​ 646 ​ ​ 514 ​ See (1) below Accumulated other comprehensive loss before tax 216 ​ 184 ​ 646 ​ 516 ​ Total before tax Tax expense (63) ​ (46) ​ (168) ​ (129) ​ Income tax expense Total reclassification $ 153 ​ $ 138 ​ $ 478 ​ $ 387 ​ 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 three quarters of 2019 were 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 ​ — ​ 1,211 ​ 1,211 Amounts reclassified from AOCL ​ 478 ​ — ​ 478 Net current period other comprehensive income ​ 478 ​ 1,211 ​ 1,689 Balance at September 28, 2019 $ (11,746) $ (10,067) $ (21,813) ​ ​ 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	9 Months Ended
	Sep. 28, 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 694,749 shares of common stock at an average price per share (excluding fees and commissions) of $26.65 , or $18.5 million in the aggregate, during the first three quarters of 2018 and 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. Under the new authorization, we repurchased and retired 1,330,865 shares of common stock at an average price per share, excluding fees and commissions, of $18.55, or $24.7 million in the aggregate, during the third quarter of 2019. As of September 28, 2019, we had $25.3 million available for future repurchases of common stock under the stock repurchase program and we had 64,044,649 shares of common stock outstanding. 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	9 Months Ended
	Sep. 28, 2019
Pension Benefits
Pension Benefits	(10) Pension Benefits Company Sponsored Defined Benefit Pension Plans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen Weeks Ended ​ Thirty-nine Weeks Ended ​ September 28, ​ September 29, ​ September 28, ​ September 29, ​ 2019 2018 2019 2018 Service cost—benefits earned during the period $ 1,734 ​ $ 1,909 ​ $ 5,405 ​ $ 5,803 Interest cost on projected benefit obligation 1,431 ​ 1,268 ​ 4,304 ​ 3,797 Expected return on plan assets (1,962) ​ (2,063) ​ (5,789) ​ (6,072) Amortization of unrecognized prior service cost — ​ 1 ​ — ​ 2 Amortization of unrecognized loss 216 ​ 183 ​ 646 ​ 514 Net periodic pension cost $ 1,419 ​ $ 1,298 ​ $ 4,566 ​ $ 4,044 ​ We made $5.0 million and $5.6 million of defined benefit pension plan contributions during the first three quarters of 2019 and 2018, respectively. 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 $0.7 million in the first three 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 $0.7 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	9 Months Ended
	Sep. 28, 2019
Leases
Leases	(11) Leases Operating Leases ​ ​ ​ ​ ​ September 28, ​ 2019 Right-of-use assets: ​ ​ Operating lease right-of-use assets $ 41,176 ​ ​ ​ Operating lease liabilities: ​ ​ Operating lease liabilities, current portion $ 9,990 Long-term operating lease liabilities, net of current portion ​ 34,415 Total operating lease liabilities $ 44,405 ​ 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: ​ ​ ​ ​ ​ ​ ​ ​ September 28, 2019 ​ Thirteen Weeks Ended ​ Thirty-nine Weeks Ended Operating cash flow information: ​ ​ ​ ​ ​ Cash paid for amounts included in the measurement of operating lease liabilities $ 3,091 ​ $ 8,588 ​ ​ ​ ​ ​ ​ The components of lease costs were as follows: ​ ​ ​ ​ ​ Cost of goods sold $ 1,081 ​ $ 2,518 Selling, general and administrative expenses ​ 1,972 ​ ​ 5,912 Total lease costs $ 3,053 ​ $ 8,430 ​ Total rent expense was $3.3 million, including the operating lease costs of $3.1 million stated above, for the third quarter of 2019, and $10.5 million, including the operating lease costs of $8.4 million stated above, for the first three quarters of 2019. Total rent expense was $3.3 million and $9.8 million, respectively, for the third quarter and first three 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: ​ ​ ​ ​ September 28, ​ 2019 Weighted average remaining lease term (years) ​ 5.6 Weighted average discount rate ​ 4.07% ​ As of September 28, 2019, the maturities of operating lease liabilities were as follows (in thousands): ​ ​ ​ ​ ​ Fiscal year ending: ​ ​ 2019 ​ $ 3,079 2020 ​ ​ 11,282 2021 ​ 10,442 2022 ​ 5,758 2023 ​ 5,640 Thereafter ​ ​ 13,534 Total undiscounted future minimum lease payments ​ ​ 49,735 Less: Imputed interest ​ (5,330) Total present value of future operating lease liabilities ​ $ 44,405 ​ ​ 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	9 Months Ended
	Sep. 28, 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	9 Months Ended
	Sep. 28, 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 third quarter of 2019 and 2018, there were 1,113,253 and 400,338, 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 ​ Thirty-nine Weeks Ended ​ September 28, September 29, September 28, September 29, ​ 2019 2018 2019 2018 Weighted average shares outstanding: ​ ​ ​ ​ ​ ​ ​ Basic 65,081,045 ​ 65,932,352 ​ 65,336,324 ​ 66,252,392 Net effect of potentially dilutive share-based compensation awards 21,748 ​ 88,423 ​ 33,830 ​ 110,860 Diluted 65,102,793 ​ 66,020,775 ​ 65,370,154 ​ 66,363,252 ​

Business and Credit Concentrati

Business and Credit Concentrations and Geographic Information	9 Months Ended
	Sep. 28, 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 57.0% and 57.8% of consolidated net sales for the first three quarters of 2019 and 2018, respectively. Our top ten customers accounted for approximately 58.9% and 55.8% of our consolidated trade accounts receivables as of September 28, 2019 and December 29, 2018, respectively. Other than Walmart, which accounted for 26.2% and 24.9% of our consolidated net sales for the first three quarters of 2019 and 2018, respectively, no single customer accounted for more than 10.0% of our consolidated net sales for the first three quarters of 2019 or 2018. Other than Walmart, which accounted for 24.8% and 24.9% of our consolidated trade accounts receivables as of September 28, 2019 and December 29, 2018, respectively, no single customer accounted for more than 10.0% of our consolidated trade accounts receivables. As of September 28, 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 three quarters of 2019 and 2018, our sales to customers in foreign countries represented approximately 7.5% and 7.1%, respectively, of net sales. Our foreign sales are primarily to customers in Canada.

Share-Based Payments

Share-Based Payments	9 Months Ended
	Sep. 28, 2019
Share-Based Payments
Share-Based Payments	(15) Share-Based Payments The following table details our stock option activity for the first three 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 (120,114) ​ $ 30.27 ​ ​ ​ ​ ​ Cancelled ​ (1,676) ​ $ 29.10 ​ ​ ​ ​ ​ Outstanding at September 28, 2019 1,113,253 ​ $ 31.20 6.67 ​ $ 5 Exercisable at September 28, 2019 818,483 ​ $ 31.94 6.05 ​ $ — ​ 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 third quarter and first three quarters of 2019 and 2018 and where that expense is reflected in our consolidated statements of operations (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen Weeks Ended ​ Thirty-nine Weeks Ended ​ September 28, ​ September 29, ​ September 28, ​ September 29, Consolidated Statements of Operations Location 2019 2018 2019 2018 Compensation expense included in cost of goods sold $ 216 ​ $ 250 ​ $ 546 ​ $ 1,014 Compensation expense included in selling, general and administrative expenses 783 ​ 499 ​ 2,417 ​ 2,332 Total compensation expense for share-based payments $ 999 ​ $ 749 ​ $ 2,963 ​ $ 3,346 ​ As of September 28, 2019, there was $3.1 million of unrecognized compensation expense related to performance share LTIAs, which is expected to be recognized over the next 2.3 years, and $0.7 million of unrecognized compensation expense related to stock options, which is expected to be recognized over the next 1.2 years. During the first three quarters of 2019, we 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 three 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 (127,693) ​ $ 26.19 Outstanding at September 28, 2019 661,305 ​ $ 22.37 (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 third quarter and first three 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 ​ Thirty-nine Weeks Ended ​ September 28, September 29, September 28, September 29, ​ 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 upon the exercise of stock options ​ ​ — ​ ​ 618 ​ ​ — ​ ​ 618 Shares of common stock issued to non-employee directors for annual equity grants ​ — ​ — ​ 45,848 ​ 35,039 Shares of restricted common stock issued to employees ​ ​ — ​ ​ — ​ ​ 32,059 ​ ​ — Total shares of common stock issued ​ — ​ 618 ​ 143,835 ​ 128,614 ​

Workforce Reduction

Workforce Reduction	9 Months Ended
	Sep. 28, 2019
Workforce Reduction
Workforce Reduction	(16) Workforce Reduction Workforce Reduction Expenses Retirement Expenses

Net Sales by Brand

Net Sales by Brand	9 Months Ended
	Sep. 28, 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 ​ Thirty-nine Weeks Ended ​ ​ September 28, ​ September 29, ​ September 28, ​ September 29, ​ ​ 2019 ​ 2018 ​ 2019 ​ 2018 Brand: (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Green Giant $ 80,641 $ 90,338 ​ $ 269,161 $ 269,409 Spices & Seasonings (2) ​ ​ 61,197 ​ ​ 65,141 ​ ​ 185,435 ​ ​ 191,571 Ortega ​ 34,995 ​ 33,913 ​ 106,295 ​ 105,835 Green Giant (3) ​ 29,672 ​ 25,997 ​ ​ 74,421 ​ 65,126 Maple Grove Farms of Vermont ​ 17,490 ​ 16,185 ​ 53,165 ​ 50,228 Back to Nature ​ ​ 15,372 ​ ​ 17,267 ​ ​ 48,037 ​ ​ 54,929 Mrs. Dash ​ 14,360 ​ 13,603 ​ 43,995 ​ 44,852 Cream of Wheat ​ 14,021 ​ 14,168 ​ 43,109 ​ 44,369 Pirate Brands (4) ​ — ​ 26,597 ​ — ​ 72,799 All other brands ​ ​ 138,563 ​ ​ 119,393 ​ ​ 366,624 ​ ​ 343,591 Total $ 406,311 $ 422,602 ​ $ 1,190,242 $ 1,242,709 (1) Table includes net sales for each of our brands whose net sales for the first three 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	9 Months Ended
	Sep. 28, 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 due 2021 were, and our obligations under the 5.25% senior notes due 2025 and the 5.25% senior notes due 2027 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 5.25% senior notes due 2025 or the 5.25% senior notes due 2027. We redeemed all of our The following condensed consolidating financial information presents the condensed consolidating balance sheet as of September 28, 2019 and December 29, 2018, the related condensed consolidating statement of operations for the thirteen and thirty-nine weeks ended September 28, 2019 and September 29, 2018 and the related condensed consolidating statement of cash flows for the thirty-nine weeks ended September 28, 2019 and September 29, 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 September 28, 2019 (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Guarantor Non-Guarantor ​ ​ ​ ​ ​ ​ Parent ​ Subsidiaries ​ Subsidiaries ​ Eliminations ​ Consolidated Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ — ​ $ 264,121 ​ $ 2,885 ​ $ — ​ $ 267,006 Trade accounts receivable, net ​ — ​ 155,790 ​ ​ 12,185 ​ ​ — ​ 167,975 Inventories, net ​ — ​ 456,728 ​ ​ 69,346 ​ ​ — ​ 526,074 Prepaid expenses and other current assets ​ — ​ 24,648 ​ ​ 5,523 ​ ​ — ​ 30,171 Income tax receivable ​ — ​ 10,128 ​ ​ 1,901 ​ ​ — ​ 12,029 Total current assets ​ — ​ 911,415 ​ 91,840 ​ — ​ 1,003,255 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Property, plant and equipment, net ​ — ​ 260,301 ​ ​ 42,806 ​ ​ — ​ 303,107 Operating lease right-of-use assets ​ ​ — ​ ​ 41,101 ​ ​ 75 ​ ​ — ​ ​ 41,176 Goodwill ​ — ​ 595,913 ​ ​ — ​ ​ — ​ 595,913 Other intangibles, net ​ — ​ 1,619,848 ​ ​ — ​ ​ — ​ 1,619,848 Other assets ​ — ​ 3,566 ​ ​ 14 ​ ​ — ​ 3,580 Deferred income taxes ​ — ​ — ​ ​ 5,378 ​ ​ — ​ 5,378 Investments in subsidiaries ​ 3,026,802 ​ 97,470 ​ ​ — ​ ​ (3,124,272) ​ — Total assets ​ $ 3,026,802 ​ $ 3,529,614 ​ $ 140,113 ​ $ (3,124,272) ​ $ 3,572,257 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities and Stockholders' Equity ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Trade accounts payable ​ $ — ​ $ 153,454 ​ $ 23,661 ​ $ — ​ $ 177,115 Accrued expenses ​ — ​ ​ 64,907 ​ ​ 3,565 ​ ​ — ​ 68,472 Operating lease liabilities, current portion ​ ​ — ​ ​ 9,946 ​ ​ 44 ​ ​ — ​ ​ 9,990 Income tax payable ​ ​ — ​ ​ 3,335 ​ ​ 161 ​ ​ — ​ ​ 3,496 Dividends payable ​ 30,421 ​ ​ — ​ ​ — ​ ​ — ​ 30,421 Intercompany payables ​ — ​ ​ (15,169) ​ ​ 15,169 ​ ​ — ​ — Total current liabilities ​ 30,421 ​ 216,473 ​ 42,600 ​ — ​ 289,494 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Long-term debt ​ 2,152,966 ​ ​ (19,479) ​ ​ — ​ ​ — ​ 2,133,487 Deferred income taxes ​ — ​ ​ 252,131 ​ ​ — ​ ​ — ​ 252,131 Long-term operating lease liabilities, net of current portion ​ ​ — ​ ​ 34,373 ​ ​ 42 ​ ​ — ​ ​ 34,415 Other liabilities ​ — ​ ​ 19,315 ​ ​ — ​ ​ — ​ 19,315 Total liabilities ​ 2,183,387 ​ 502,813 ​ 42,642 ​ — ​ 2,728,842 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Stockholders' Equity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Preferred stock ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Common stock ​ 640 ​ ​ — ​ ​ — ​ ​ — ​ 640 Additional paid-in capital ​ — ​ ​ 2,178,153 ​ ​ 68,253 ​ ​ (2,246,406) ​ — Accumulated other comprehensive loss ​ (21,813) ​ ​ (21,813) ​ ​ (10,067) ​ ​ 31,880 ​ (21,813) Retained earnings ​ 864,588 ​ ​ 870,461 ​ ​ 39,285 ​ ​ (909,746) ​ 864,588 Total stockholders’ equity ​ 843,415 ​ 3,026,801 ​ 97,471 ​ (3,124,272) ​ 843,415 Total liabilities and stockholders’ equity ​ $ 3,026,802 ​ $ 3,529,614 ​ $ 140,113 ​ $ (3,124,272) ​ $ 3,572,257 ​ ​ 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 September 28, 2019 (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Guarantor Non-Guarantor ​ ​ ​ ​ ​ ​ Parent ​ Subsidiaries ​ Subsidiaries ​ Eliminations ​ Consolidated Net sales ​ $ — ​ $ 371,091 ​ $ 46,059 ​ $ (10,839) ​ $ 406,311 Cost of goods sold ​ — ​ 265,557 ​ 42,812 ​ (10,839) ​ 297,530 Gross profit ​ — ​ 105,534 ​ 3,247 ​ — ​ 108,781 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Selling, general and administrative expenses ​ — ​ 35,650 ​ 2,462 ​ — ​ 38,112 Amortization expense ​ — ​ 4,729 ​ — ​ — ​ 4,729 Operating income ​ — ​ 65,155 ​ 785 ​ — ​ 65,940 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other income and expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest expense, net ​ — ​ 24,152 ​ — ​ — ​ 24,152 Other income ​ ​ — ​ ​ (59) ​ ​ — ​ ​ — ​ ​ (59) Income before income tax expense ​ — ​ 41,062 ​ 785 ​ — ​ 41,847 Income tax expense ​ — ​ 10,624 ​ 135 ​ — ​ 10,759 Equity in earnings (loss) of subsidiaries ​ ​ 31,088 ​ ​ 650 ​ ​ — ​ ​ (31,738) ​ ​ — Net income (loss) ​ $ 31,088 ​ $ 31,088 ​ $ 650 ​ $ (31,738) ​ $ 31,088 Comprehensive income (loss) ​ $ 29,450 ​ $ 30,935 ​ $ (1,141) ​ $ (29,793) ​ $ 29,451 ​ ​ Condensed Consolidating Statement of Operations and Comprehensive Income Thirty-nine Weeks Ended September 28, 2019 (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Guarantor Non-Guarantor ​ ​ ​ ​ ​ ​ Parent ​ Subsidiaries ​ Subsidiaries ​ Eliminations ​ Consolidated Net sales ​ $ — ​ $ 1,124,587 ​ $ 147,675 ​ $ (82,020) ​ $ 1,190,242 Cost of goods sold ​ — ​ 845,563 ​ 137,972 ​ (82,020) ​ 901,515 Gross profit ​ — ​ 279,024 ​ 9,703 ​ — ​ 288,727 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Selling, general and administrative expenses ​ — ​ ​ 110,592 ​ ​ 5,673 ​ ​ — ​ 116,265 Amortization expense ​ — ​ ​ 13,821 ​ ​ — ​ ​ — ​ 13,821 Operating income ​ — ​ 154,611 ​ 4,030 ​ — ​ 158,641 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other income and expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest expense, net ​ — ​ ​ 70,405 ​ ​ — ​ ​ — ​ 70,405 Other income ​ ​ — ​ ​ (842) ​ ​ — ​ ​ — ​ ​ (842) Income before income tax expense ​ — ​ 85,048 ​ 4,030 ​ — ​ 89,078 Income tax expense ​ — ​ ​ 22,108 ​ ​ 840 ​ ​ — ​ 22,948 Equity in earnings (loss) of subsidiaries ​ ​ 66,130 ​ ​ 3,190 ​ ​ — ​ ​ (69,320) ​ ​ — Net income (loss) ​ $ 66,130 ​ $ 66,130 ​ $ 3,190 ​ $ (69,320) ​ $ 66,130 Comprehensive income (loss) ​ $ 67,818 ​ $ 65,652 ​ $ 4,400 ​ $ (70,051) ​ $ 67,819 ​ ​ Condensed Consolidating Statement of Operations and Comprehensive Income Thirteen Weeks Ended September 29, 2018 (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Guarantor Non-Guarantor ​ ​ ​ ​ ​ ​ Parent ​ Subsidiaries ​ Subsidiaries ​ Eliminations ​ Consolidated Net sales ​ $ — ​ $ 398,347 ​ $ 49,281 ​ $ (25,026) ​ $ 422,602 Cost of goods sold ​ — ​ ​ 286,893 ​ ​ 45,696 ​ ​ (25,026) ​ 307,563 Gross profit ​ — ​ 111,454 ​ 3,585 ​ — ​ 115,039 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Selling, general and administrative expenses ​ — ​ ​ 37,743 ​ ​ 2,244 ​ ​ — ​ 39,987 Amortization expense ​ — ​ ​ 4,634 ​ ​ — ​ ​ — ​ 4,634 Operating income ​ — ​ ​ 69,077 ​ ​ 1,341 ​ ​ — ​ 70,418 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other income and expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest expense, net ​ — ​ ​ 27,932 ​ ​ — ​ ​ — ​ 27,932 Other income ​ ​ — ​ ​ (1,313) ​ ​ — ​ ​ — ​ ​ (1,313) Income before income tax expense ​ — ​ ​ 42,458 ​ ​ 1,341 ​ ​ — ​ 43,799 Income tax expense ​ — ​ ​ 10,308 ​ ​ 1,503 ​ ​ — ​ 11,811 Equity in earnings (loss) of subsidiaries ​ ​ 31,988 ​ ​ (162) ​ ​ — ​ ​ (31,826) ​ ​ — Net income (loss) ​ $ 31,988 ​ $ 31,988 ​ $ (162) ​ $ (31,826) ​ $ 31,988 Comprehensive income (loss) ​ $ 36,124 ​ $ 31,850 ​ $ 3,836 ​ $ (35,686) ​ $ 36,124 ​ ​ Condensed Consolidating Statement of Operations and Comprehensive Income Thirty-nine Weeks Ended September 29, 2018 (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Guarantor Non-Guarantor ​ ​ ​ ​ ​ ​ Parent ​ Subsidiaries ​ Subsidiaries ​ Eliminations ​ Consolidated Net sales ​ $ — ​ $ 1,178,637 ​ $ 142,507 ​ $ (78,435) ​ $ 1,242,709 Cost of goods sold ​ — ​ 892,549 ​ 129,027 ​ (78,435) ​ 943,141 Gross profit ​ — ​ 286,088 ​ 13,480 ​ — ​ 299,568 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Selling, general and administrative expenses ​ — ​ ​ 112,784 ​ ​ 7,043 ​ ​ — ​ 119,827 Amortization expense ​ — ​ ​ 13,852 ​ ​ — ​ ​ — ​ 13,852 Operating income ​ — ​ 159,452 ​ 6,437 ​ — ​ 165,889 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other income and expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest expense, net ​ — ​ ​ 83,845 ​ ​ — ​ ​ — ​ 83,845 Loss on extinguishment of debt ​ — ​ ​ 3,324 ​ ​ — ​ ​ — ​ 3,324 Other income ​ ​ — ​ ​ (2,979) ​ ​ — ​ ​ — ​ ​ (2,979) Income before income tax expense ​ — ​ 75,262 ​ 6,437 ​ — ​ 81,699 Income tax expense ​ — ​ ​ 19,401 ​ ​ 1,787 ​ ​ — ​ 21,188 Equity in earnings (loss) of subsidiaries ​ ​ 60,511 ​ ​ 4,650 ​ ​ — ​ ​ (65,161) ​ ​ — Net income (loss) ​ $ 60,511 ​ $ 60,511 ​ $ 4,650 ​ $ (65,161) ​ $ 60,511 Comprehensive income (loss) ​ $ 62,369 ​ $ 60,124 ​ $ 6,121 ​ $ (66,245) ​ $ 62,369 ​ ​ Condensed Consolidating Statement of Cash Flows Thirty-nine Weeks Ended September 28, 2019 (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Guarantor Non-Guarantor ​ ​ ​ ​ ​ ​ Parent ​ Subsidiaries ​ Subsidiaries ​ Eliminations ​ Consolidated Net cash (used in) provided by operating activities ​ $ — ​ $ (3,700) ​ $ 5,029 ​ $ — ​ $ 1,329 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash flows from investing activities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital expenditures ​ — ​ (25,805) ​ ​ (2,710) ​ ​ — ​ (28,515) Proceeds from sale of assets ​ ​ — ​ ​ — ​ ​ 31 ​ ​ — ​ ​ 31 Payments for acquisition of businesses, net of cash acquired ​ — ​ (82,430) ​ ​ — ​ ​ — ​ (82,430) Net cash used in investing activities ​ — ​ (108,235) ​ (2,679) ​ — ​ (110,914) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash flows from financing activities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Proceeds from issuance of long-term debt ​ 550,000 ​ ​ — ​ ​ — ​ ​ — ​ 550,000 Repayments of borrowings under revolving credit facility ​ (515,000) ​ ​ — ​ ​ — ​ ​ — ​ (515,000) Borrowings under revolving credit facility ​ 465,000 ​ ​ — ​ ​ — ​ ​ — ​ 465,000 Dividends paid ​ (93,248) ​ ​ — ​ ​ — ​ ​ — ​ (93,248) Payments for the repurchase of common stock, net ​ (34,713) ​ ​ — ​ ​ — ​ ​ — ​ (34,713) Payments of tax withholding on behalf of employees for net share settlement of share-based compensation ​ — ​ ​ (905) ​ ​ — ​ ​ — ​ (905) Payments of debt financing costs ​ — ​ ​ (6,254) ​ ​ — ​ ​ — ​ (6,254) Intercompany transactions ​ ​ (372,039) ​ ​ 373,344 ​ ​ (1,305) ​ ​ — ​ ​ — Net cash provided by (used in) financing activities ​ — ​ 366,185 ​ (1,305) ​ ​ — ​ 364,880 Effect of exchange rate fluctuations on cash and cash equivalents ​ — ​ ​ — ​ ​ 63 ​ ​ ​ ​ 63 Net increase in cash and cash equivalents ​ — ​ 254,250 ​ 1,108 ​ — ​ 255,358 Cash and cash equivalents at beginning of period ​ — ​ 9,871 ​ 1,777 ​ — ​ 11,648 Cash and cash equivalents at end of period ​ $ — ​ $ 264,121 ​ $ 2,885 ​ $ — ​ $ 267,006 ​ Condensed Consolidating Statement of Cash Flows Thirty-nine Weeks Ended September 29, 2018 (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Guarantor Non-Guarantor ​ ​ ​ ​ ​ ​ Parent ​ Subsidiaries ​ Subsidiaries ​ Eliminations ​ Consolidated Net cash provided by operating activities ​ $ — ​ $ 126,987 ​ $ 12,076 ​ $ — ​ $ 139,063 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash flows from investing activities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital expenditures ​ — ​ (22,943) ​ ​ (2,973) ​ ​ — ​ (25,916) Payments for acquisition of businesses, net of cash acquired ​ — ​ (30,787) ​ ​ — ​ ​ — ​ (30,787) Net cash used in investing activities ​ — ​ (53,730) ​ (2,973) ​ — ​ (56,703) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash flows from financing activities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Repayments of long-term debt ​ (150,000) ​ ​ — ​ ​ — ​ ​ — ​ (150,000) Repayments of borrowings under revolving credit facility ​ (50,000) ​ ​ — ​ ​ — ​ ​ — ​ (50,000) Borrowings under revolving credit facility ​ 50,000 ​ ​ — ​ ​ — ​ ​ — ​ 50,000 Proceeds from issuance of common stock, net ​ 21 ​ ​ — ​ ​ — ​ ​ — ​ 21 Dividends paid ​ (93,206) ​ ​ — ​ ​ — ​ ​ — ​ (93,206) 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 ​ ​ 261,714 ​ ​ (256,030) ​ ​ (5,684) ​ ​ — ​ ​ — Net cash used in financing activities ​ — ​ (257,862) ​ (5,684) ​ ​ — ​ (263,546) Effect of exchange rate fluctuations on cash and cash equivalents ​ — ​ — ​ 851 ​ — ​ 851 Net (decrease) increase in cash and cash equivalents ​ — ​ (184,605) ​ 4,270 ​ — ​ (180,335) Cash and cash equivalents at beginning of period ​ — ​ 204,815 ​ 1,691 ​ — ​ 206,506 Cash and cash equivalents at end of period ​ $ — ​ $ 20,210 ​ $ 5,961 ​ $ — ​ $ 26,171 ​

Subsequent Event

Subsequent Event	9 Months Ended
	Sep. 28, 2019
Subsequent Event.
Subsequent Event	​ (19) Subsequent Events On October 10, 2019, we amended our credit agreement to, among other things, provide for an incremental $450.0 million tranche B term loan facility, which closed and funded on October 10, 2019. We used the proceeds of the tranche B term loans, together with the net proceeds of our recently completed offering of $550.0 million of 5.25% senior notes due 2027, to redeem all $700.0 million of our 4.625% senior notes due 2021, repay a portion of our borrowings under our revolving credit facility, pay related fees and expenses and for general corporate purposes. As a result of the redemption of our 4.625% senior notes due 2021, we expect to recognize a loss on extinguishment of debt of approximately $1.2 million in the fourth quarter of 2019. The tranche B term loans mature on October 10, 2026 and are subject to amortization at the rate of 1% per year with the balance due and payable on the maturity date. If we prepay all or any portion of the tranche B term loans within six months of the funding of the tranche B term loans in connection with a financing that has a lower interest rate or weighted average yield than the tranche B term loans, we will owe a repayment fee equal to 1% of the amount prepaid. Otherwise, we may prepay the term loans 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 tranche B term loans are subject to mandatory prepayment upon certain asset dispositions or casualty events and issuances of indebtedness. Interest under the tranche B term loan facility is determined based on alternative rates that we may choose in accordance with our credit agreement, including a base rate per annum plus an applicable margin of 1.00%, and LIBOR plus an applicable margin of 2.50%. For further information regarding our credit agreement, including a description of optional and mandatory prepayment terms, and financial and restrictive covenants, see Note 6, “Long-Term Debt.” ​

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 28, 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 thirty-nine week periods ended September 28, 2019 (third quarter and first three quarters of 2019) and September 29, 2018 (third quarter and first three 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 September 28, 2019, and the results of our operations, comprehensive income and cash flows for the third quarter and first three quarters of 2019 and 2018. Our results of operations for the third quarter and first three 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)	9 Months Ended
	Sep. 28, 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 ​ 11,119 Prepaid expenses and other current assets ​ 154 Income tax receivable ​ 7 Property, plant and equipment, net ​ 20,697 Operating lease right-of-use assets ​ 7,841 Trademarks — indefinite-lived intangible assets ​ 19,600 Customer relationship intangibles — finite-lived intangible assets ​ 18,500 Trade accounts payable ​ (3,007) Accrued expenses ​ (1,315) Operating lease liabilities, current portion ​ (952) Long-term operating lease liabilities, net of current portion ​ (7,319) Goodwill ​ 11,478 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 ​ ​ ​ ​ 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)	9 Months Ended
	Sep. 28, 2019
Inventories
Summary of Inventories	Inventories consist of the following, as of the dates indicated (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ September 28, 2019 December 29, 2018 Raw materials and packaging ​ $ 75,180 ​ $ 61,905 Work-in-process ​ ​ 132,094 ​ ​ 95,282 Finished goods ​ 318,800 ​ 244,168 Inventories ​ $ 526,074 ​ $ 401,355

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Sep. 28, 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): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 28, 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 ​ $ 4,189 ​ $ 15,411 ​ $ 19,600 ​ $ 3,369 ​ $ 16,231 Customer relationships ​ 354,090 ​ 124,953 ​ 229,137 ​ 335,590 ​ 111,952 ​ 223,638 Total finite-lived intangible assets ​ $ 373,690 ​ $ 129,142 ​ $ 244,548 ​ $ 355,190 ​ $ 115,321 ​ $ 239,869 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Indefinite-Lived Intangible Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ $ 595,913 ​ ​ ​ ​ ​ ​ ​ $ 584,435 ​ ​ ​ ​ ​ ​ Trademarks ​ $ 1,375,300 ​ ​ ​ ​ ​ ​ ​ $ 1,355,700 ​ ​ ​ ​ ​ ​

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended
	Sep. 28, 2019
Long-Term Debt
Schedule of long-term debt	Long-term debt consists of the following, as of the dates indicated (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ September 28, 2019 December 29, 2018 Revolving credit loans $ — $ 50,000 4.625% senior notes due 2021 (1) ​ 700,000 ​ 700,000 5.25% senior notes due 2025 ​ ​ 900,000 ​ ​ 900,000 5.25% senior notes due 2027 ​ ​ 550,000 ​ ​ — Unamortized deferred financing costs ​ ​ (19,479) ​ (17,490) Unamortized premium ​ 2,966 ​ 3,371 Total long-term debt, net of unamortized deferred financing costs and premium (1) ​ $ 2,133,487 ​ $ 1,635,881 (1) On October 10, 2019, we redeemed all $700.0 million principal amount of our 4.625% senior notes due 2021 and incurred $450.0 million of new long-term debt in the form of tranche B term loans that mature in 2026. We expect to record a loss on extinguishment of debt of approximately $1.2 million in the fourth quarter of 2019. See Note 19, “Subsequent Events.”
Schedule of aggregate contractual maturities of long-term debt	As of September 28, 2019, the aggregate contractual maturities of long-term debt were as follows (in thousands): ​ ​ ​ ​ Fiscal year ending: ​ ​ ​ 2019 $ — 2020 — ​ 2021 700,000 (1) 2022 — ​ 2023 — ​ Thereafter 1,450,000 ​ Total $ 2,150,000 (1) (1) On October 10, 2019, we redeemed all $700.0 million principal amount of our 4.625% senior notes due 2021 and incurred $450.0 million of new long-term debt in the form of tranche B term loans that mature in 2026. We expect to record a loss on extinguishment of debt of approximately $1.2 million in the fourth quarter of 2019. See Note 19, “Subsequent Events.”

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 28, 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 due 2021, 5.25% senior notes due 2025 and 5.25% senior notes due 2027 as of September 28, 2019 and December 29, 2018 were as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 28, 2019 ​ ​ December 29, 2018 ​ Carrying Value Fair Value Carrying Value Fair Value Revolving credit loans ​ $ — ​ $ — ​ $ 50,000 ​ $ 50,000 (1) 4.625% senior notes due 2021 ​ ​ 700,000 (2) ​ 700,287 (3) ​ 700,000 (2) ​ 684,250 (3) 5.25% senior notes due 2025 ​ ​ 902,966 (4) ​ 923,283 (3) ​ 903,371 (4) ​ 837,877 (3) 5.25% senior notes due 2027 ​ $ 550,000 ​ $ 562,375 (3) $ — ​ $ — ​ (1) Fair values are estimated based on Level 2 inputs, which were quoted prices for identical or similar instruments in markets that are not active. (2) On October 10, 2019, we redeemed all $700.0 million principal amount of our 4.625% senior notes due 2021. See Note 19, “Subsequent Events.” (3) Fair values are estimated based on quoted market prices. (4) The carrying values of the 5.25% senior notes due 2025 include a premium. At September 28, 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)	9 Months Ended
	Sep. 28, 2019
Accumulated Other Comprehensive Loss.
Schedule of reclassification from accumulated other comprehensive loss	The reclassifications from accumulated other comprehensive loss (AOCL) for the third quarter and first three quarters of 2019 and 2018 were as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amounts Reclassified from AOCL ​ ​ ​ Thirteen Weeks Ended ​ Thirty-nine Weeks Ended ​ Affected Line Item in ​ September 28, September 29, September 28, September 29, ​ 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 ​ $ — ​ $ 2 ​ See (1) below Amortization of unrecognized loss 216 ​ 183 ​ ​ 646 ​ ​ 514 ​ See (1) below Accumulated other comprehensive loss before tax 216 ​ 184 ​ 646 ​ 516 ​ Total before tax Tax expense (63) ​ (46) ​ (168) ​ (129) ​ Income tax expense Total reclassification $ 153 ​ $ 138 ​ $ 478 ​ $ 387 ​ 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 three quarters of 2019 were 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 ​ — ​ 1,211 ​ 1,211 Amounts reclassified from AOCL ​ 478 ​ — ​ 478 Net current period other comprehensive income ​ 478 ​ 1,211 ​ 1,689 Balance at September 28, 2019 $ (11,746) $ (10,067) $ (21,813)

Pension Benefits (Tables)

Pension Benefits (Tables)	9 Months Ended
	Sep. 28, 2019
Pension Benefits
Schedule of components of net periodic pension costs	Net periodic pension cost for company sponsored defined benefit pension plans for the third quarter and first three quarters of 2019 and 2018 includes the following components (in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen Weeks Ended ​ Thirty-nine Weeks Ended ​ September 28, ​ September 29, ​ September 28, ​ September 29, ​ 2019 2018 2019 2018 Service cost—benefits earned during the period $ 1,734 ​ $ 1,909 ​ $ 5,405 ​ $ 5,803 Interest cost on projected benefit obligation 1,431 ​ 1,268 ​ 4,304 ​ 3,797 Expected return on plan assets (1,962) ​ (2,063) ​ (5,789) ​ (6,072) Amortization of unrecognized prior service cost — ​ 1 ​ — ​ 2 Amortization of unrecognized loss 216 ​ 183 ​ 646 ​ 514 Net periodic pension cost $ 1,419 ​ $ 1,298 ​ $ 4,566 ​ $ 4,044

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 28, 2019
Leases
Operating leases on the Balance Sheets	Operating leases are included in the accompanying unaudited consolidated balance sheets in the following line items: ​ ​ ​ ​ ​ September 28, ​ 2019 Right-of-use assets: ​ ​ Operating lease right-of-use assets $ 41,176 ​ ​ ​ Operating lease liabilities: ​ ​ Operating lease liabilities, current portion $ 9,990 Long-term operating lease liabilities, net of current portion ​ 34,415 Total operating lease liabilities $ 44,405
Supplemental information related to leases	Supplemental information related to leases: ​ ​ ​ ​ ​ ​ ​ ​ September 28, 2019 ​ Thirteen Weeks Ended ​ Thirty-nine Weeks Ended Operating cash flow information: ​ ​ ​ ​ ​ Cash paid for amounts included in the measurement of operating lease liabilities $ 3,091 ​ $ 8,588 ​ ​ ​ ​ ​ ​ The components of lease costs were as follows: ​ ​ ​ ​ ​ Cost of goods sold $ 1,081 ​ $ 2,518 Selling, general and administrative expenses ​ 1,972 ​ ​ 5,912 Total lease costs $ 3,053 ​ $ 8,430
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: ​ ​ ​ ​ September 28, ​ 2019 Weighted average remaining lease term (years) ​ 5.6 Weighted average discount rate ​ 4.07% ​
Future minimum lease payments under operating leases	As of September 28, 2019, the maturities of operating lease liabilities were as follows (in thousands): ​ ​ ​ ​ ​ Fiscal year ending: ​ ​ 2019 ​ $ 3,079 2020 ​ ​ 11,282 2021 ​ 10,442 2022 ​ 5,758 2023 ​ 5,640 Thereafter ​ ​ 13,534 Total undiscounted future minimum lease payments ​ ​ 49,735 Less: Imputed interest ​ (5,330) Total present value of future operating lease liabilities ​ $ 44,405
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)	9 Months Ended
	Sep. 28, 2019
Earnings per Share
Schedule of calculations related to basic and diluted earning per share	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen Weeks Ended ​ Thirty-nine Weeks Ended ​ September 28, September 29, September 28, September 29, ​ 2019 2018 2019 2018 Weighted average shares outstanding: ​ ​ ​ ​ ​ ​ ​ Basic 65,081,045 ​ 65,932,352 ​ 65,336,324 ​ 66,252,392 Net effect of potentially dilutive share-based compensation awards 21,748 ​ 88,423 ​ 33,830 ​ 110,860 Diluted 65,102,793 ​ 66,020,775 ​ 65,370,154 ​ 66,363,252

Share-Based Payments (Tables)

Share-Based Payments (Tables)	9 Months Ended
	Sep. 28, 2019
Share-Based Payments
Schedule of stock option activity	The following table details our stock option activity for the first three 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 (120,114) ​ $ 30.27 ​ ​ ​ ​ ​ Cancelled ​ (1,676) ​ $ 29.10 ​ ​ ​ ​ ​ Outstanding at September 28, 2019 1,113,253 ​ $ 31.20 6.67 ​ $ 5 Exercisable at September 28, 2019 818,483 ​ $ 31.94 6.05 ​ $ —
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 third quarter and first three quarters of 2019 and 2018 and where that expense is reflected in our consolidated statements of operations (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen Weeks Ended ​ Thirty-nine Weeks Ended ​ September 28, ​ September 29, ​ September 28, ​ September 29, Consolidated Statements of Operations Location 2019 2018 2019 2018 Compensation expense included in cost of goods sold $ 216 ​ $ 250 ​ $ 546 ​ $ 1,014 Compensation expense included in selling, general and administrative expenses 783 ​ 499 ​ 2,417 ​ 2,332 Total compensation expense for share-based payments $ 999 ​ $ 749 ​ $ 2,963 ​ $ 3,346
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 (127,693) ​ $ 26.19 Outstanding at September 28, 2019 661,305 ​ $ 22.37 (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 ​ Thirty-nine Weeks Ended ​ September 28, September 29, September 28, September 29, ​ 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 upon the exercise of stock options ​ ​ — ​ ​ 618 ​ ​ — ​ ​ 618 Shares of common stock issued to non-employee directors for annual equity grants ​ — ​ — ​ 45,848 ​ 35,039 Shares of restricted common stock issued to employees ​ ​ — ​ ​ — ​ ​ 32,059 ​ ​ — Total shares of common stock issued ​ — ​ 618 ​ 143,835 ​ 128,614

Net Sales by Brand (Tables)

Net Sales by Brand (Tables)	9 Months Ended
	Sep. 28, 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 ​ Thirty-nine Weeks Ended ​ ​ September 28, ​ September 29, ​ September 28, ​ September 29, ​ ​ 2019 ​ 2018 ​ 2019 ​ 2018 Brand: (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Green Giant $ 80,641 $ 90,338 ​ $ 269,161 $ 269,409 Spices & Seasonings (2) ​ ​ 61,197 ​ ​ 65,141 ​ ​ 185,435 ​ ​ 191,571 Ortega ​ 34,995 ​ 33,913 ​ 106,295 ​ 105,835 Green Giant (3) ​ 29,672 ​ 25,997 ​ ​ 74,421 ​ 65,126 Maple Grove Farms of Vermont ​ 17,490 ​ 16,185 ​ 53,165 ​ 50,228 Back to Nature ​ ​ 15,372 ​ ​ 17,267 ​ ​ 48,037 ​ ​ 54,929 Mrs. Dash ​ 14,360 ​ 13,603 ​ 43,995 ​ 44,852 Cream of Wheat ​ 14,021 ​ 14,168 ​ 43,109 ​ 44,369 Pirate Brands (4) ​ — ​ 26,597 ​ — ​ 72,799 All other brands ​ ​ 138,563 ​ ​ 119,393 ​ ​ 366,624 ​ ​ 343,591 Total $ 406,311 $ 422,602 ​ $ 1,190,242 $ 1,242,709 (1) Table includes net sales for each of our brands whose net sales for the first three 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)	9 Months Ended
	Sep. 28, 2019
Guarantor and Non-Guarantor Financial Information
Condensed Consolidating Balance Sheet	Condensed Consolidating Balance Sheet As of September 28, 2019 (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Guarantor Non-Guarantor ​ ​ ​ ​ ​ ​ Parent ​ Subsidiaries ​ Subsidiaries ​ Eliminations ​ Consolidated Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ — ​ $ 264,121 ​ $ 2,885 ​ $ — ​ $ 267,006 Trade accounts receivable, net ​ — ​ 155,790 ​ ​ 12,185 ​ ​ — ​ 167,975 Inventories, net ​ — ​ 456,728 ​ ​ 69,346 ​ ​ — ​ 526,074 Prepaid expenses and other current assets ​ — ​ 24,648 ​ ​ 5,523 ​ ​ — ​ 30,171 Income tax receivable ​ — ​ 10,128 ​ ​ 1,901 ​ ​ — ​ 12,029 Total current assets ​ — ​ 911,415 ​ 91,840 ​ — ​ 1,003,255 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Property, plant and equipment, net ​ — ​ 260,301 ​ ​ 42,806 ​ ​ — ​ 303,107 Operating lease right-of-use assets ​ ​ — ​ ​ 41,101 ​ ​ 75 ​ ​ — ​ ​ 41,176 Goodwill ​ — ​ 595,913 ​ ​ — ​ ​ — ​ 595,913 Other intangibles, net ​ — ​ 1,619,848 ​ ​ — ​ ​ — ​ 1,619,848 Other assets ​ — ​ 3,566 ​ ​ 14 ​ ​ — ​ 3,580 Deferred income taxes ​ — ​ — ​ ​ 5,378 ​ ​ — ​ 5,378 Investments in subsidiaries ​ 3,026,802 ​ 97,470 ​ ​ — ​ ​ (3,124,272) ​ — Total assets ​ $ 3,026,802 ​ $ 3,529,614 ​ $ 140,113 ​ $ (3,124,272) ​ $ 3,572,257 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities and Stockholders' Equity ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Trade accounts payable ​ $ — ​ $ 153,454 ​ $ 23,661 ​ $ — ​ $ 177,115 Accrued expenses ​ — ​ ​ 64,907 ​ ​ 3,565 ​ ​ — ​ 68,472 Operating lease liabilities, current portion ​ ​ — ​ ​ 9,946 ​ ​ 44 ​ ​ — ​ ​ 9,990 Income tax payable ​ ​ — ​ ​ 3,335 ​ ​ 161 ​ ​ — ​ ​ 3,496 Dividends payable ​ 30,421 ​ ​ — ​ ​ — ​ ​ — ​ 30,421 Intercompany payables ​ — ​ ​ (15,169) ​ ​ 15,169 ​ ​ — ​ — Total current liabilities ​ 30,421 ​ 216,473 ​ 42,600 ​ — ​ 289,494 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Long-term debt ​ 2,152,966 ​ ​ (19,479) ​ ​ — ​ ​ — ​ 2,133,487 Deferred income taxes ​ — ​ ​ 252,131 ​ ​ — ​ ​ — ​ 252,131 Long-term operating lease liabilities, net of current portion ​ ​ — ​ ​ 34,373 ​ ​ 42 ​ ​ — ​ ​ 34,415 Other liabilities ​ — ​ ​ 19,315 ​ ​ — ​ ​ — ​ 19,315 Total liabilities ​ 2,183,387 ​ 502,813 ​ 42,642 ​ — ​ 2,728,842 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Stockholders' Equity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Preferred stock ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Common stock ​ 640 ​ ​ — ​ ​ — ​ ​ — ​ 640 Additional paid-in capital ​ — ​ ​ 2,178,153 ​ ​ 68,253 ​ ​ (2,246,406) ​ — Accumulated other comprehensive loss ​ (21,813) ​ ​ (21,813) ​ ​ (10,067) ​ ​ 31,880 ​ (21,813) Retained earnings ​ 864,588 ​ ​ 870,461 ​ ​ 39,285 ​ ​ (909,746) ​ 864,588 Total stockholders’ equity ​ 843,415 ​ 3,026,801 ​ 97,471 ​ (3,124,272) ​ 843,415 Total liabilities and stockholders’ equity ​ $ 3,026,802 ​ $ 3,529,614 ​ $ 140,113 ​ $ (3,124,272) ​ $ 3,572,257 ​ ​ 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 September 28, 2019 (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Guarantor Non-Guarantor ​ ​ ​ ​ ​ ​ Parent ​ Subsidiaries ​ Subsidiaries ​ Eliminations ​ Consolidated Net sales ​ $ — ​ $ 371,091 ​ $ 46,059 ​ $ (10,839) ​ $ 406,311 Cost of goods sold ​ — ​ 265,557 ​ 42,812 ​ (10,839) ​ 297,530 Gross profit ​ — ​ 105,534 ​ 3,247 ​ — ​ 108,781 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Selling, general and administrative expenses ​ — ​ 35,650 ​ 2,462 ​ — ​ 38,112 Amortization expense ​ — ​ 4,729 ​ — ​ — ​ 4,729 Operating income ​ — ​ 65,155 ​ 785 ​ — ​ 65,940 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other income and expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest expense, net ​ — ​ 24,152 ​ — ​ — ​ 24,152 Other income ​ ​ — ​ ​ (59) ​ ​ — ​ ​ — ​ ​ (59) Income before income tax expense ​ — ​ 41,062 ​ 785 ​ — ​ 41,847 Income tax expense ​ — ​ 10,624 ​ 135 ​ — ​ 10,759 Equity in earnings (loss) of subsidiaries ​ ​ 31,088 ​ ​ 650 ​ ​ — ​ ​ (31,738) ​ ​ — Net income (loss) ​ $ 31,088 ​ $ 31,088 ​ $ 650 ​ $ (31,738) ​ $ 31,088 Comprehensive income (loss) ​ $ 29,450 ​ $ 30,935 ​ $ (1,141) ​ $ (29,793) ​ $ 29,451 ​ ​ Condensed Consolidating Statement of Operations and Comprehensive Income Thirty-nine Weeks Ended September 28, 2019 (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Guarantor Non-Guarantor ​ ​ ​ ​ ​ ​ Parent ​ Subsidiaries ​ Subsidiaries ​ Eliminations ​ Consolidated Net sales ​ $ — ​ $ 1,124,587 ​ $ 147,675 ​ $ (82,020) ​ $ 1,190,242 Cost of goods sold ​ — ​ 845,563 ​ 137,972 ​ (82,020) ​ 901,515 Gross profit ​ — ​ 279,024 ​ 9,703 ​ — ​ 288,727 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Selling, general and administrative expenses ​ — ​ ​ 110,592 ​ ​ 5,673 ​ ​ — ​ 116,265 Amortization expense ​ — ​ ​ 13,821 ​ ​ — ​ ​ — ​ 13,821 Operating income ​ — ​ 154,611 ​ 4,030 ​ — ​ 158,641 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other income and expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest expense, net ​ — ​ ​ 70,405 ​ ​ — ​ ​ — ​ 70,405 Other income ​ ​ — ​ ​ (842) ​ ​ — ​ ​ — ​ ​ (842) Income before income tax expense ​ — ​ 85,048 ​ 4,030 ​ — ​ 89,078 Income tax expense ​ — ​ ​ 22,108 ​ ​ 840 ​ ​ — ​ 22,948 Equity in earnings (loss) of subsidiaries ​ ​ 66,130 ​ ​ 3,190 ​ ​ — ​ ​ (69,320) ​ ​ — Net income (loss) ​ $ 66,130 ​ $ 66,130 ​ $ 3,190 ​ $ (69,320) ​ $ 66,130 Comprehensive income (loss) ​ $ 67,818 ​ $ 65,652 ​ $ 4,400 ​ $ (70,051) ​ $ 67,819 ​ ​ Condensed Consolidating Statement of Operations and Comprehensive Income Thirteen Weeks Ended September 29, 2018 (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Guarantor Non-Guarantor ​ ​ ​ ​ ​ ​ Parent ​ Subsidiaries ​ Subsidiaries ​ Eliminations ​ Consolidated Net sales ​ $ — ​ $ 398,347 ​ $ 49,281 ​ $ (25,026) ​ $ 422,602 Cost of goods sold ​ — ​ ​ 286,893 ​ ​ 45,696 ​ ​ (25,026) ​ 307,563 Gross profit ​ — ​ 111,454 ​ 3,585 ​ — ​ 115,039 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Selling, general and administrative expenses ​ — ​ ​ 37,743 ​ ​ 2,244 ​ ​ — ​ 39,987 Amortization expense ​ — ​ ​ 4,634 ​ ​ — ​ ​ — ​ 4,634 Operating income ​ — ​ ​ 69,077 ​ ​ 1,341 ​ ​ — ​ 70,418 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other income and expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest expense, net ​ — ​ ​ 27,932 ​ ​ — ​ ​ — ​ 27,932 Other income ​ ​ — ​ ​ (1,313) ​ ​ — ​ ​ — ​ ​ (1,313) Income before income tax expense ​ — ​ ​ 42,458 ​ ​ 1,341 ​ ​ — ​ 43,799 Income tax expense ​ — ​ ​ 10,308 ​ ​ 1,503 ​ ​ — ​ 11,811 Equity in earnings (loss) of subsidiaries ​ ​ 31,988 ​ ​ (162) ​ ​ — ​ ​ (31,826) ​ ​ — Net income (loss) ​ $ 31,988 ​ $ 31,988 ​ $ (162) ​ $ (31,826) ​ $ 31,988 Comprehensive income (loss) ​ $ 36,124 ​ $ 31,850 ​ $ 3,836 ​ $ (35,686) ​ $ 36,124 ​ ​ Condensed Consolidating Statement of Operations and Comprehensive Income Thirty-nine Weeks Ended September 29, 2018 (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Guarantor Non-Guarantor ​ ​ ​ ​ ​ ​ Parent ​ Subsidiaries ​ Subsidiaries ​ Eliminations ​ Consolidated Net sales ​ $ — ​ $ 1,178,637 ​ $ 142,507 ​ $ (78,435) ​ $ 1,242,709 Cost of goods sold ​ — ​ 892,549 ​ 129,027 ​ (78,435) ​ 943,141 Gross profit ​ — ​ 286,088 ​ 13,480 ​ — ​ 299,568 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Selling, general and administrative expenses ​ — ​ ​ 112,784 ​ ​ 7,043 ​ ​ — ​ 119,827 Amortization expense ​ — ​ ​ 13,852 ​ ​ — ​ ​ — ​ 13,852 Operating income ​ — ​ 159,452 ​ 6,437 ​ — ​ 165,889 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other income and expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest expense, net ​ — ​ ​ 83,845 ​ ​ — ​ ​ — ​ 83,845 Loss on extinguishment of debt ​ — ​ ​ 3,324 ​ ​ — ​ ​ — ​ 3,324 Other income ​ ​ — ​ ​ (2,979) ​ ​ — ​ ​ — ​ ​ (2,979) Income before income tax expense ​ — ​ 75,262 ​ 6,437 ​ — ​ 81,699 Income tax expense ​ — ​ ​ 19,401 ​ ​ 1,787 ​ ​ — ​ 21,188 Equity in earnings (loss) of subsidiaries ​ ​ 60,511 ​ ​ 4,650 ​ ​ — ​ ​ (65,161) ​ ​ — Net income (loss) ​ $ 60,511 ​ $ 60,511 ​ $ 4,650 ​ $ (65,161) ​ $ 60,511 Comprehensive income (loss) ​ $ 62,369 ​ $ 60,124 ​ $ 6,121 ​ $ (66,245) ​ $ 62,369
Condensed Consolidating Statement of Cash Flows	Condensed Consolidating Statement of Cash Flows Thirty-nine Weeks Ended September 28, 2019 (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Guarantor Non-Guarantor ​ ​ ​ ​ ​ ​ Parent ​ Subsidiaries ​ Subsidiaries ​ Eliminations ​ Consolidated Net cash (used in) provided by operating activities ​ $ — ​ $ (3,700) ​ $ 5,029 ​ $ — ​ $ 1,329 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash flows from investing activities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital expenditures ​ — ​ (25,805) ​ ​ (2,710) ​ ​ — ​ (28,515) Proceeds from sale of assets ​ ​ — ​ ​ — ​ ​ 31 ​ ​ — ​ ​ 31 Payments for acquisition of businesses, net of cash acquired ​ — ​ (82,430) ​ ​ — ​ ​ — ​ (82,430) Net cash used in investing activities ​ — ​ (108,235) ​ (2,679) ​ — ​ (110,914) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash flows from financing activities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Proceeds from issuance of long-term debt ​ 550,000 ​ ​ — ​ ​ — ​ ​ — ​ 550,000 Repayments of borrowings under revolving credit facility ​ (515,000) ​ ​ — ​ ​ — ​ ​ — ​ (515,000) Borrowings under revolving credit facility ​ 465,000 ​ ​ — ​ ​ — ​ ​ — ​ 465,000 Dividends paid ​ (93,248) ​ ​ — ​ ​ — ​ ​ — ​ (93,248) Payments for the repurchase of common stock, net ​ (34,713) ​ ​ — ​ ​ — ​ ​ — ​ (34,713) Payments of tax withholding on behalf of employees for net share settlement of share-based compensation ​ — ​ ​ (905) ​ ​ — ​ ​ — ​ (905) Payments of debt financing costs ​ — ​ ​ (6,254) ​ ​ — ​ ​ — ​ (6,254) Intercompany transactions ​ ​ (372,039) ​ ​ 373,344 ​ ​ (1,305) ​ ​ — ​ ​ — Net cash provided by (used in) financing activities ​ — ​ 366,185 ​ (1,305) ​ ​ — ​ 364,880 Effect of exchange rate fluctuations on cash and cash equivalents ​ — ​ ​ — ​ ​ 63 ​ ​ ​ ​ 63 Net increase in cash and cash equivalents ​ — ​ 254,250 ​ 1,108 ​ — ​ 255,358 Cash and cash equivalents at beginning of period ​ — ​ 9,871 ​ 1,777 ​ — ​ 11,648 Cash and cash equivalents at end of period ​ $ — ​ $ 264,121 ​ $ 2,885 ​ $ — ​ $ 267,006 ​ Condensed Consolidating Statement of Cash Flows Thirty-nine Weeks Ended September 29, 2018 (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Guarantor Non-Guarantor ​ ​ ​ ​ ​ ​ Parent ​ Subsidiaries ​ Subsidiaries ​ Eliminations ​ Consolidated Net cash provided by operating activities ​ $ — ​ $ 126,987 ​ $ 12,076 ​ $ — ​ $ 139,063 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash flows from investing activities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital expenditures ​ — ​ (22,943) ​ ​ (2,973) ​ ​ — ​ (25,916) Payments for acquisition of businesses, net of cash acquired ​ — ​ (30,787) ​ ​ — ​ ​ — ​ (30,787) Net cash used in investing activities ​ — ​ (53,730) ​ (2,973) ​ — ​ (56,703) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash flows from financing activities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Repayments of long-term debt ​ (150,000) ​ ​ — ​ ​ — ​ ​ — ​ (150,000) Repayments of borrowings under revolving credit facility ​ (50,000) ​ ​ — ​ ​ — ​ ​ — ​ (50,000) Borrowings under revolving credit facility ​ 50,000 ​ ​ — ​ ​ — ​ ​ — ​ 50,000 Proceeds from issuance of common stock, net ​ 21 ​ ​ — ​ ​ — ​ ​ — ​ 21 Dividends paid ​ (93,206) ​ ​ — ​ ​ — ​ ​ — ​ (93,206) 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 ​ ​ 261,714 ​ ​ (256,030) ​ ​ (5,684) ​ ​ — ​ ​ — Net cash used in financing activities ​ — ​ (257,862) ​ (5,684) ​ ​ — ​ (263,546) Effect of exchange rate fluctuations on cash and cash equivalents ​ — ​ — ​ 851 ​ — ​ 851 Net (decrease) increase in cash and cash equivalents ​ — ​ (184,605) ​ 4,270 ​ — ​ (180,335) Cash and cash equivalents at beginning of period ​ — ​ 204,815 ​ 1,691 ​ — ​ 206,506 Cash and cash equivalents at end of period ​ $ — ​ $ 20,210 ​ $ 5,961 ​ $ — ​ $ 26,171

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Fiscal Year and Business and Credit Concentrations (Details)	9 Months Ended	12 Months Ended
	Sep. 28, 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	Sep. 28, 2019	Jan. 01, 2019
Newly Adopted Accounting Standards
Operating lease right-of-use assets	$ 41,176	$ 39,600
Total present value of future operating lease payments	44,405	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	Sep. 28, 2019	Dec. 29, 2018
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Goodwill		$ 595,913	$ 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
Inventories	11,119
Prepaid expenses and other current assets	154
Income tax receivable	7
Property, plant and equipment, net	20,697
Operating lease right-of-use assets	7,841
Trademarks - indefinite-lived intangible assets	19,600
Customer relationship intangibles - finite-lived intangible assets	18,500
Trade accounts payable	(3,007)
Accrued expenses	(1,315)
Operating lease liabilities, current portion	(952)
Long-term operating lease liabilities, net of current portion	(7,319)
Goodwill	11,478
Total	$ 84,632

Acquisitions and Divestitures -

Acquisitions and Divestitures - McCann's (Details) - USD ($) $ in Thousands	Jul. 16, 2018	Sep. 28, 2019	Dec. 29, 2018
Preliminary Allocation:
Goodwill		$ 595,913	$ 584,435
McCann's brand of premium Irish oatmeal
Purchase Price:
Cash paid	$ 30,800
Preliminary Allocation:
Property, plant and equipment	12
Inventories	973
Accrued expenses	(292)
Goodwill	3,294
Total	30,787
McCann's brand of premium Irish oatmeal | Customer relationship
Preliminary Allocation:
Customer relationship intangibles - finite-lived intangible assets	2,000
McCann's brand of premium Irish oatmeal | Trademarks
Preliminary Allocation:
Trademarks - indefinite-lived intangible assets	$ 24,800

Acquisitions and Divestitures_3

Acquisitions and Divestitures - Pirate (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Oct. 17, 2018	Sep. 28, 2019	Dec. 29, 2018
Acquisitions and divestitures
Deferred income taxes			$ 252,131	$ 235,902
Pirate Brands
Acquisitions and divestitures
Cash received		$ 420,002
Deferred income taxes		107,300
Assets sold:
Inventories		(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 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	Sep. 28, 2019	Dec. 29, 2018
Inventories
Raw materials and packaging	$ 75,180	$ 61,905
Work-in-process	132,094	95,282
Finished goods	318,800	244,168
Inventories	$ 526,074	$ 401,355

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets (Details) - USD ($) $ in Thousands	May 15, 2019	Sep. 28, 2019	Sep. 29, 2018	Sep. 28, 2019	Sep. 29, 2018	Dec. 29, 2018
Goodwill and Other Intangible Assets
Amortization expense		$ 4,729	$ 4,634	$ 13,821	$ 13,852
Amortizable Intangible Assets
Gross Carrying Amount		373,690		373,690		$ 355,190
Accumulated Amortization		129,142		129,142		115,321
Net Carrying Amount		244,548		244,548		239,869
Unamortizable Intangible Assets
Goodwill		595,913		595,913		584,435
Future amortization expense
Remainder of fiscal 2019		4,700		4,700
2020		18,900		18,900
2021		18,900		18,900
2022		18,900		18,900
2023		18,800		18,800
2024		18,700		18,700
Clabber Girl Corporation
Amortizable Intangible Assets
Increase in goodwill	$ 13,400	11,500
Unamortizable Intangible Assets
Goodwill	11,478
Trademarks
Unamortizable Intangible Assets
Unamortizable intangible assets excluding goodwill		1,375,300		1,375,300		1,355,700
Trademarks
Amortizable Intangible Assets
Gross Carrying Amount		19,600		19,600		19,600
Accumulated Amortization		4,189		4,189		3,369
Net Carrying Amount		15,411		15,411		16,231
Trademarks | Clabber Girl Corporation
Amortizable Intangible Assets
Increase in intangible assets	18,500	19,600
Customer relationship
Amortizable Intangible Assets
Gross Carrying Amount		354,090		354,090		335,590
Accumulated Amortization		124,953		124,953		111,952
Net Carrying Amount		229,137		$ 229,137		$ 223,638
Customer relationship | Clabber Girl Corporation
Amortizable Intangible Assets
Increase in intangible assets	$ 17,500	$ 18,500

Long-Term Debt (Details)

Long-Term Debt (Details) - USD ($) $ in Thousands	Oct. 10, 2019	Sep. 28, 2019	Sep. 26, 2019	Dec. 29, 2018	Sep. 29, 2018	Nov. 20, 2017	Apr. 03, 2017	Jun. 04, 2013
Information related to long-term debt
Outstanding principal		$ 2,150,000
Unamortized deferred financing costs		(19,479)		$ (17,490)
Unamortized premium		2,966		3,371
Total long-term debt, net of unamortized deferred financing costs and premium		2,133,487		1,635,881
Revolving credit loans
Information related to long-term debt
Outstanding principal				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%
Principal amount of notes								$ 700,000
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%
Principal amount of notes						$ 400,000	$ 500,000
5.25% Senior Notes due 2027
Information related to long-term debt
Outstanding principal		$ 550,000
Interest rate (as a percent)		5.25%			5.25%
Principal amount of notes	$ 550,000		$ 550,000
Subsequent Event | 4.625% Senior notes due 2021
Information related to long-term debt
Interest rate (as a percent)	4.625%
Redeemed amount	$ 700,000
Subsequent Event | Tranche B Term Loan Facility
Information related to long-term debt
Principal amount of notes	$ 450,000

Long-Term Debt, Activity (Detai

Long-Term Debt, Activity (Details) $ in Thousands

Oct. 10, 2019USD ($)

Sep. 26, 2019USD ($)

Oct. 19, 2018USD ($)

Oct. 18, 2018USD ($)

Dec. 28, 2019USD ($)

Jun. 30, 2018USD ($)

Mar. 31, 2018USD ($)

Sep. 28, 2019USD ($)item

Sep. 29, 2018USD ($)

Dec. 28, 2019USD ($)

Dec. 29, 2018USD ($)

Nov. 20, 2017USD ($)

Apr. 03, 2017USD ($)

Jun. 04, 2013USD ($)

Information related to senior notes

Outstanding principal

$ 2,150,000

Long-term debt

2,133,487

$ 1,635,881

Repayments of long-term debt

$ 150,000

Loss on extinguishment of debt

3,324

Accrued Interest

Accrued interest

34,700

15,600

Tranche B Term Loans due 2022

Information related to senior notes

Outstanding principal

$ 0

Repayments of long-term debt

$ 147,900

$ 352,200

$ 25,000

$ 125,000

Loss on extinguishment of debt

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

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

50,000

Outstanding letters of credit

$ 1,600

Available borrowing capacity

$ 698,400

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%

Interest rate at period end (as a percent)

4.625%

Principal amount of notes

$ 700,000

Debt issuance price (as a percent)

100.00%

4.625% Senior notes due 2021 | Forecast

Information related to senior notes

Loss on extinguishment of debt

$ 1,200

$ 1,200

Interest rate at period end (as a percent)

4.625%

4.625%

4.625% Senior notes due 2021 | Subsequent Event

Information related to senior notes

Interest rate (as a percent)

4.625%

Interest rate at period end (as a percent)

4.625%

Redemption price (as a percent)

100.00%

Redeemed amount

$ 700,000

5.25% Senior Notes due 2025

Information related to senior notes

Outstanding principal

$ 900,000

$ 900,000

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%

5.25% Senior Notes due 2027

Information related to senior notes

Outstanding principal

$ 550,000

Interest rate (as a percent)

5.25%

5.25%

Interest rate at period end (as a percent)

5.25%

Principal amount of notes

$ 550,000

$ 550,000

Percentage of face value

100.00%

Percentage of principal amount redeemed or which may redeem

40.00%

5.25% Senior Notes due 2027 | From March 1st 2022 To February 28th 2025

Information related to senior notes

Redemption price (as a percent)

103.938%

5.25% Senior Notes due 2027 | On Or After March 1st 2025

Information related to senior notes

Redemption price (as a percent)

100.00%

5.25% Senior Notes due 2027 | Subsequent Event

Information related to senior notes

Interest rate at period end (as a percent)

5.25%

Tranche B Term Loan Facility | Subsequent Event

Information related to senior notes

Principal amount of notes

$ 450,000

Amortization rate

1.00%

Tranche B Term Loan Facility | LIBOR | Subsequent Event

Information related to senior notes

Interest rate added to variable base rate (as a percent)

2.50%

Tranche B Term Loan Facility | Base rate | Subsequent Event

Information related to senior notes

Interest rate added to variable base rate (as a percent)

1.00%

Long-Term Debt - Contractual Ma

Long-Term Debt - Contractual Maturities (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 29, 2018	Oct. 10, 2019	Sep. 28, 2019	Dec. 29, 2018	Jun. 04, 2013
Aggregate contractual maturities of long-term debt
2021			$ 700,000
Thereafter			1,450,000
Outstanding principal			2,150,000
Loss on extinguishment of debt	$ (3,324)
4.625% Senior notes due 2021
Aggregate contractual maturities of long-term debt
Outstanding principal			$ 700,000	$ 700,000
Interest rate at period end (as a percent)			4.625%
Principal amount of notes					$ 700,000
Subsequent Event | 4.625% Senior notes due 2021
Aggregate contractual maturities of long-term debt
Redeemed amount		$ 700,000
Interest rate at period end (as a percent)		4.625%
Subsequent Event | Tranche B Term Loan Facility
Aggregate contractual maturities of long-term debt
Principal amount of notes		$ 450,000

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 28, 2019	Sep. 29, 2018	Oct. 10, 2019	Dec. 29, 2018
Financial assets and liabilities at fair value
Term loans and senior notes, carrying value	$ 2,133,487			$ 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
5.25% Senior Notes due 2027
Financial assets and liabilities at fair value
Interest rate (as a percent)	5.25%			5.25%
Subsequent Event | 4.625% Senior notes due 2021
Financial assets and liabilities at fair value
Interest rate (as a percent)			4.625%
Redeemed amount			$ 700,000
Carrying Value
Financial assets and liabilities at fair value
Long-term Line of Credit				$ 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	902,966			903,371
Carrying Value | 5.25% Senior Notes due 2027
Financial assets and liabilities at fair value
Term loans and senior notes, carrying value	550,000
Fair value measured on recurring basis | Fair Value | Level 2
Financial assets and liabilities at fair value
Term loans and senior notes, fair value				50,000
Fair value measured on recurring basis | Fair Value | 4.625% Senior notes due 2021 | Level 2
Financial assets and liabilities at fair value
Term loans and senior notes, fair value	700,287			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	923,283			$ 837,877
Fair value measured on recurring basis | Fair Value | 5.25% Senior Notes due 2027 | Level 2
Financial assets and liabilities at fair value
Term loans and senior notes, fair value	$ 562,375

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss - Reclassifications (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 28, 2019	Jun. 29, 2019	Mar. 30, 2019	Sep. 29, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 28, 2019	Sep. 29, 2018
Reclassification from AOCL
Income tax expense	$ 10,759			$ 11,811			$ 22,948	$ 21,188
Net income	(31,088)	$ (18,251)	$ (16,791)	(31,988)	$ (7,976)	$ (20,547)	(66,130)	(60,511)
Defined Benefit Pension Plan Items | Amount Reclassified from AOCL
Reclassification from AOCL
Total before tax	216			184			646	516
Income tax expense	(63)			(46)			(168)	(129)
Net income	153			138			478	387
Amortization of unrecognized prior service cost | Amount Reclassified from AOCL
Reclassification from AOCL
Total before tax				1				2
Amortization of unrecognized loss | Amount Reclassified from AOCL
Reclassification from AOCL
Total before tax	$ 216			$ 183			$ 646	$ 514

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss - Changes in AOCI (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 28, 2019	Sep. 29, 2018	Sep. 28, 2019	Sep. 29, 2018
Changes in accumulated other comprehensive income (loss)
Beginning balance	$ 868,360	$ 827,014	$ 900,049	$ 880,819
Net current period other comprehensive income	(1,637)	4,136	1,689	1,858
Ending balance	843,415	832,586	843,415	832,586
Defined Benefit Pension Plan Items
Changes in accumulated other comprehensive income (loss)
Beginning balance			(12,224)
Amounts reclassified from AOCL			478
Net current period other comprehensive income			478
Ending balance	(11,746)		(11,746)
Foreign Currency Translation Adjustments
Changes in accumulated other comprehensive income (loss)
Beginning balance			(11,278)
Other comprehensive income before reclassifications			1,211
Net current period other comprehensive income			1,211
Ending balance	(10,067)		(10,067)
Accumulated Other Comprehensive Loss
Changes in accumulated other comprehensive income (loss)
Beginning balance	(20,176)	(23,034)	(23,502)	(20,756)
Other comprehensive income before reclassifications			1,211
Amounts reclassified from AOCL			478
Net current period other comprehensive income			1,689
Ending balance	$ (21,813)	$ (18,898)	$ (21,813)	$ (18,898)

Stock Repurchases Program (Deta

Stock Repurchases Program (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2019	Mar. 30, 2019	Sep. 28, 2019	Sep. 29, 2018	Mar. 13, 2018
Stock repurchase program
Value of stock authorized for repurchase		$ 50
Stock repurchased and retired (in shares)	1,330,865	407,022	1,397,148	694,749
Average price per share (in dollars per share)	$ 18.55	$ 24.55	$ 26.41	$ 26.65
Stock repurchased and retired (in dollars)	$ 24.7	$ 10	$ 36.9	$ 18.5
Available for future repurchases (in dollars)	$ 25.3		$ 25.3
Stock repurchased (in shares)		64,044,649
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		9 Months Ended
	Sep. 28, 2019	Sep. 29, 2018	Sep. 28, 2019	Sep. 29, 2018
Components of net periodic pension cost
Service cost-benefits earned during the period	$ 1,734	$ 1,909	$ 5,405	$ 5,803
Interest cost on projected benefit obligation	1,431	1,268	4,304	3,797
Expected return on plan assets	(1,962)	(2,063)	(5,789)	(6,072)
Amortization of unrecognized prior service cost		1		2
Amortization of unrecognized loss	216	183	646	514
Net periodic pension cost	$ 1,419	$ 1,298	4,566	4,044
Employer contributions			$ 5,000	$ 5,600

Pension Benefits - Multi-Employ

Pension Benefits - Multi-Employer Defined Benefit Pension Plan (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 28, 2019	Dec. 29, 2018
Multi-Employer Defined Benefit Pension Plan
Contribution to the multi-employer plan	$ 0.7	$ 0.7
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)	9 Months Ended
	Sep. 28, 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	Sep. 28, 2019	Jan. 01, 2019
Leases
Operating lease right-of-use assets	$ 41,176	$ 39,600
Operating lease liabilities, current portion	9,990
Long-term operating lease liabilities, net of current portion	34,415
Total operating lease liabilities	$ 44,405	$ 42,600

Leases - Supplemental informati

Leases - Supplemental information related to leases (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	Sep. 28, 2019	Sep. 28, 2019	Sep. 29, 2018	Sep. 28, 2019	Sep. 29, 2018
Leases
Operating cash flows from operating leases		$ 3,091		$ 8,588
Cost of goods sold		1,081		2,518
Selling, general and administrative expenses		1,972		5,912
Total lease costs		$ 3,053		8,430
Rent expense	$ 3,300		$ 3,300	$ 10,500	$ 9,800

Leases - Lease term and discoun

Leases - Lease term and discount rate for our ROU (Details)	Sep. 28, 2019
Leases
Weighted average remaining lease term (years)	5 years 7 months 6 days
Weighted average discount rate	4.07%

Leases - Maturity of lease liab

Leases - Maturity of lease liabilities (Topic 842) (Details) - USD ($) $ in Thousands	Sep. 28, 2019	Jan. 01, 2019
Leases
2019	$ 3,079
2020	11,282
2021	10,442
2022	5,758
2023	5,640
Thereafter	13,534
Total undiscounted future minimum lease payments	49,735
Less: Imputed interest	(5,330)
Total present value of future operating lease payments	$ 44,405	$ 42,600

Leases - Maturity of lease li_2

Leases - Maturity of lease liabilities (Topic 840) (Details) $ in Thousands	Dec. 29, 2018USD ($)
Leases
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)	9 Months Ended
	Sep. 28, 2019employeeagreement
Information related to Collective Bargaining Agreements
Number of employee	2,930
Covered under collective bargaining agreements
Information related to Collective Bargaining Agreements
Number of employee	1,840
Percentage of total employees covered under collective bargaining agreements	62.80%
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	55
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		9 Months Ended
	Sep. 28, 2019	Sep. 29, 2018	Sep. 28, 2019	Sep. 29, 2018
Earnings per Share
Antidilutive securities excluded from computation of loss per share	1,113,253	400,338
Weighted average shares outstanding:
Basic (in shares)	65,081,045	65,932,352	65,336,324	66,252,392
Net effect of potentially dilutive share-based compensation awards (in shares)	21,748	88,423	33,830	110,860
Diluted (in shares)	65,102,793	66,020,775	65,370,154	66,363,252

Business and Credit Concentra_2

Business and Credit Concentrations and Geographic Information (Details) - customer	9 Months Ended		12 Months Ended
	Sep. 28, 2019	Sep. 29, 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	57.00%	57.80%
Net sales | Consolidated net sales | Other than Walmart
Business and Credit Concentrations
Percentage of concentration risk	26.20%	24.90%
Accounts receivable | Consolidated net sales | Other than Walmart
Business and Credit Concentrations
Percentage of concentration risk	24.80%
Accounts receivable | Trade accounts receivables | Top ten customers
Business and Credit Concentrations
Number of top customers	10		10
Percentage of concentration risk	58.90%		55.80%
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	7.50%	7.10%

Share Based Payments - Stock Op

Share Based Payments - Stock Options (Details) - Stock Option - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 28, 2019	Sep. 29, 2018
Options
Outstanding at beginning of fiscal period (in shares)	1,194,105
Granted (in shares)	40,938
Forfeited (in shares)	(120,114)
Cancelled (in shares)	(1,676)
Outstanding at end of quarter (in shares)	1,113,253
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)	30.27
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
Weighted Average Contractual Life Remaining (Years)
Weighted Average Contractual Life Remaining (Years)	6 years 8 months 1 day
Exercisable, Weighted Average Contractual Life Remaining (Years)	6 years 18 days
Aggregate Intrinsic Value
Outstanding at end of quarter, Aggregate Intrinsic Value	$ 5
Assumptions:
Weighted average grant date fair value (in dollars per share)	$ 2.44	$ 3.74
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%
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%
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		9 Months Ended
	Sep. 28, 2019	Sep. 29, 2018	Sep. 28, 2019	Sep. 29, 2018
Compensation expense
Total compensation expense for share-based payments	$ 999	$ 749	$ 2,963	$ 3,346
Performance shares
Compensation expense
Unrecognized compensation expense	3,100		$ 3,100
Period over which unrecognized compensation expense is expected to be recognized			2 years 3 months 18 days
Stock Option
Compensation expense
Unrecognized compensation expense	700		$ 700
Period over which unrecognized compensation expense is expected to be recognized			1 year 2 months 12 days
Additional pre-tax share based compensation expense			$ 700
Stock Option | Board Members
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	216	250	$ 546	1,014
Selling, General and Administrative Expenses
Compensation expense
Total compensation expense for share-based payments	$ 783	$ 499	$ 2,417	$ 2,332

Share Based Payments - Performa

Share Based Payments - Performance (Details) - Performance shares - $ / shares shares in Thousands	9 Months Ended
	Sep. 28, 2019	Sep. 29, 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)	(127,693)
Balance at the end of the period (in shares)	661,305
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)	26.19
Balance at the end of the period (in dollars per share)	$ 22.37
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	9 Months Ended
	Sep. 29, 2018	Sep. 28, 2019	Sep. 29, 2018
Share based compensation expense related to long-term incentive plans
Total shares of common stock issued	618	143,835	128,614
Board Members
Share based compensation expense related to long-term incentive plans
Total shares of common stock issued		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
Stock Option
Share based compensation expense related to long-term incentive plans
Total shares of common stock issued	618		618
Restricted Stock | Employee
Share based compensation expense related to long-term incentive plans
Total shares of common stock issued		32,059

Workforce Reduction (Details)

Workforce Reduction (Details) $ in Millions	9 Months Ended
	Sep. 28, 2019USD ($)item
Workforce Reduction
Severance and related charges	$ 2.1
Severance and related charges, expected additional charges	0.3
Severance additional charges	1.1
Severance Costs	1.3
Employee severance and other employee costs	$ 2.1
Number of employees retirement agreements | item	2

Net Sales by Brand (Details)

Net Sales by Brand (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 28, 2019	Sep. 29, 2018	Sep. 28, 2019	Sep. 29, 2018
Brand
Net sales	$ 406,311	$ 422,602	$ 1,190,242	$ 1,242,709
Specific brand sale to total sale (as a percent)			3.00%
Green Giant - frozen
Brand
Net sales	80,641	90,338	$ 269,161	269,409
Spices and Seasonings
Brand
Net sales	61,197	65,141	185,435	191,571
Ortega
Brand
Net sales	34,995	33,913	106,295	105,835
Green Giant - shelf stable
Brand
Net sales	29,672	25,997	74,421	65,126
Maple Grove Farms of Vermont
Brand
Net sales	17,490	16,185	53,165	50,228
Back To Nature
Brand
Net sales	15,372	17,267	48,037	54,929
Mrs. Dash
Brand
Net sales	14,360	13,603	43,995	44,852
Cream of Wheat
Brand
Net sales	14,021	14,168	43,109	44,369
Pirate Brands
Brand
Net sales		26,597		72,799
All other brands
Brand
Net sales	$ 138,563	$ 119,393	$ 366,624	$ 343,591

Guarantor and Non-Guarantor F_3

Guarantor and Non-Guarantor Financial Information (Details) - USD ($) $ in Thousands	Oct. 10, 2019	Sep. 28, 2019	Jun. 29, 2019	Mar. 30, 2019	Jan. 01, 2019	Dec. 29, 2018	Sep. 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		$ 267,006				$ 11,648
Trade accounts receivable, net		167,975				151,707
Inventories, net		526,074				401,355
Prepaid expenses and other current assets		30,171				19,988
Income tax receivable		12,029				1,398
Total current assets		1,003,255				586,096
Property, plant and equipment, net		303,107				282,553
Operating lease right-of-use assets		41,176			$ 39,600
Goodwill		595,913				584,435
Other intangibles, net		1,619,848				1,595,569
Other assets		3,580				1,206
Deferred income taxes		5,378				4,940
Total assets		3,572,257				3,054,799
Current liabilities:
Trade accounts payable		177,115				140,000
Accrued expenses		68,472				55,660
Operating lease liabilities, current portion		9,990
Income tax payable		3,496				31,624
Dividends payable		30,421				31,178
Total current liabilities		289,494				258,462
Long-term debt		2,133,487				1,635,881
Deferred income taxes		252,131				235,902
Long-term operating lease liabilities, net of current portion		34,415
Other liabilities		19,315				24,505
Total liabilities		2,728,842				2,154,750
Stockholders' equity:
Preferred stock
Common Stock		640				656
Additional paid-in capital						116,339
Accumulated other comprehensive loss		(21,813)				(23,502)
Retained earnings		864,588				806,556
Total stockholders' equity		843,415	$ 868,360	$ 877,119		900,049	$ 832,586	$ 827,014	$ 872,648	$ 880,819
Total liabilities and stockholders' equity		$ 3,572,257				$ 3,054,799
4.625% Senior notes due 2021
Interest rate (as a percent)		4.625%				4.625%							4.625%
4.625% Senior notes due 2021 | Subsequent Event
Interest rate (as a percent)	4.625%
5.25% Senior Notes due 2025
Interest rate (as a percent)		5.25%				5.25%					5.25%	5.25%
5.25% Senior Notes due 2027
Interest rate (as a percent)		5.25%					5.25%
Reportable Legal Entities | Parent
Current assets:
Investments in subsidiaries		$ 3,026,802				$ 2,584,598
Total assets		3,026,802				2,584,598
Current liabilities:
Dividends payable		30,421				31,178
Total current liabilities		30,421				31,178
Long-term debt		2,152,966				1,653,371
Total liabilities		2,183,387				1,684,549
Stockholders' equity:
Preferred stock
Common Stock		640				656
Additional paid-in capital						116,339
Accumulated other comprehensive loss		(21,813)				(23,502)
Retained earnings		864,588				806,556
Total stockholders' equity		843,415				900,049
Total liabilities and stockholders' equity		3,026,802				2,584,598
Reportable Legal Entities | Guarantor Subsidiaries
Current assets:
Cash and cash equivalents		264,121				9,871
Trade accounts receivable, net		155,790				140,464
Inventories, net		456,728				332,774
Prepaid expenses and other current assets		24,648				15,995
Income tax receivable		10,128
Total current assets		911,415				499,104
Property, plant and equipment, net		260,301				238,128
Operating lease right-of-use assets		41,101
Goodwill		595,913				584,435
Other intangibles, net		1,619,848				1,595,569
Other assets		3,566				1,193
Investments in subsidiaries		97,470				93,069
Total assets		3,529,614				3,011,498
Current liabilities:
Trade accounts payable		153,454				115,946
Accrued expenses		64,907				53,386
Operating lease liabilities, current portion		9,946
Income tax payable		3,335				31,247
Intercompany payables		(15,169)				(16,581)
Total current liabilities		216,473				183,998
Long-term debt		(19,479)				(17,490)
Deferred income taxes		252,131				235,902
Long-term operating lease liabilities, net of current portion		34,373
Other liabilities		19,315				24,490
Total liabilities		502,813				426,900
Stockholders' equity:
Preferred stock
Additional paid-in capital		2,178,153				1,803,769
Accumulated other comprehensive loss		(21,813)				(23,502)
Retained earnings		870,461				804,331
Total stockholders' equity		3,026,801				2,584,598
Total liabilities and stockholders' equity		3,529,614				3,011,498
Reportable Legal Entities | Non-Guarantor Subsidiaries
Current assets:
Cash and cash equivalents		2,885				1,777
Trade accounts receivable, net		12,185				11,243
Inventories, net		69,346				68,581
Prepaid expenses and other current assets		5,523				3,993
Income tax receivable		1,901				1,398
Total current assets		91,840				86,992
Property, plant and equipment, net		42,806				44,425
Operating lease right-of-use assets		75
Other assets		14				13
Deferred income taxes		5,378				4,940
Total assets		140,113				136,370
Current liabilities:
Trade accounts payable		23,661				24,054
Accrued expenses		3,565				2,274
Operating lease liabilities, current portion		44
Income tax payable		161				377
Intercompany payables		15,169				16,581
Total current liabilities		42,600				43,286
Long-term operating lease liabilities, net of current portion		42
Other liabilities						15
Total liabilities		42,642				43,301
Stockholders' equity:
Preferred stock
Additional paid-in capital		68,253				68,253
Accumulated other comprehensive loss		(10,067)				(11,279)
Retained earnings		39,285				36,095
Total stockholders' equity		97,471				93,069
Total liabilities and stockholders' equity		140,113				136,370
Eliminations
Current assets:
Investments in subsidiaries		(3,124,272)				(2,677,667)
Total assets		(3,124,272)				(2,677,667)
Stockholders' equity:
Preferred stock
Additional paid-in capital		(2,246,406)				(1,872,022)
Accumulated other comprehensive loss		31,880				34,781
Retained earnings		(909,746)				(840,426)
Total stockholders' equity		(3,124,272)				(2,677,667)
Total liabilities and stockholders' equity		$ (3,124,272)				$ (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						9 Months Ended
	Sep. 28, 2019	Jun. 29, 2019	Mar. 30, 2019	Sep. 29, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 28, 2019	Sep. 29, 2018
Net sales	$ 406,311			$ 422,602			$ 1,190,242	$ 1,242,709
Cost of goods sold	297,530			307,563			901,515	943,141
Gross profit	108,781			115,039			288,727	299,568
Operating expenses:
Selling, general and administrative expenses	38,112			39,987			116,265	119,827
Amortization expense	4,729			4,634			13,821	13,852
Operating income	65,940			70,418			158,641	165,889
Other income and expenses:
Interest expense, net	24,152			27,932			70,405	83,845
Loss on extinguishment of debt								3,324
Other expense (income)	(59)			(1,313)			(842)	(2,979)
Income before income tax expense	41,847			43,799			89,078	81,699
Income tax expense	10,759			11,811			22,948	21,188
Net income	31,088	$ 18,251	$ 16,791	31,988	$ 7,976	$ 20,547	66,130	60,511
Comprehensive income (loss)	29,451			36,124			67,819	62,369
Eliminations
Net sales	(10,839)			(25,026)			(82,020)	(78,435)
Cost of goods sold	(10,839)			(25,026)			(82,020)	(78,435)
Other income and expenses:
Equity in earnings (loss) of subsidiaries	(31,738)			(31,826)			(69,320)	(65,161)
Net income	(31,738)			(31,826)			(69,320)	(65,161)
Comprehensive income (loss)	(29,793)			(35,686)			(70,051)	(66,245)
Parent | Reportable Legal Entities
Other income and expenses:
Equity in earnings (loss) of subsidiaries	31,088			31,988			66,130	60,511
Net income	31,088			31,988			66,130	60,511
Comprehensive income (loss)	29,450			36,124			67,818	62,369
Guarantor Subsidiaries | Reportable Legal Entities
Net sales	371,091			398,347			1,124,587	1,178,637
Cost of goods sold	265,557			286,893			845,563	892,549
Gross profit	105,534			111,454			279,024	286,088
Operating expenses:
Selling, general and administrative expenses	35,650			37,743			110,592	112,784
Amortization expense	4,729			4,634			13,821	13,852
Operating income	65,155			69,077			154,611	159,452
Other income and expenses:
Interest expense, net	24,152			27,932			70,405	83,845
Loss on extinguishment of debt								3,324
Other expense (income)	(59)			(1,313)			(842)	(2,979)
Income before income tax expense	41,062			42,458			85,048	75,262
Income tax expense	10,624			10,308			22,108	19,401
Equity in earnings (loss) of subsidiaries	650			(162)			3,190	4,650
Net income	31,088			31,988			66,130	60,511
Comprehensive income (loss)	30,935			31,850			65,652	60,124
Non-Guarantor Subsidiaries | Reportable Legal Entities
Net sales	46,059			49,281			147,675	142,507
Cost of goods sold	42,812			45,696			137,972	129,027
Gross profit	3,247			3,585			9,703	13,480
Operating expenses:
Selling, general and administrative expenses	2,462			2,244			5,673	7,043
Operating income	785			1,341			4,030	6,437
Other income and expenses:
Income before income tax expense	785			1,341			4,030	6,437
Income tax expense	135			1,503			840	1,787
Net income	650			(162)			3,190	4,650
Comprehensive income (loss)	$ (1,141)			$ 3,836			$ 4,400	$ 6,121

Guarantor and Non-Guarantor F_5

Guarantor and Non-Guarantor Financial Information - Cash Flows (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 28, 2019	Sep. 29, 2018
Cash flows from operating activities:
Net cash provided by (used in) operating activities	$ 1,329	$ 139,063
Cash flows from investing activities:
Capital expenditures	(28,515)	(25,916)
Proceeds from sale of assets	31
Payments for acquisition of businesses, net of cash acquired	(82,430)	(30,787)
Net cash used in investing activities	(110,914)	(56,703)
Cash flows from financing activities:
Repayments of long-term debt		(150,000)
Proceeds from issuance of long-term debt	550,000
Repayments of borrowings under revolving credit facility	(515,000)	(50,000)
Borrowings under revolving credit facility	465,000	50,000
Proceeds from issuance of common stock, net		21
Dividends paid	(93,248)	(93,206)
Payments for repurchase of common stock, net	(34,713)	(18,529)
Payments of tax withholding on behalf of employees for net share settlement of share-based compensation	(905)	(1,832)
Payments for debt financing costs	(6,254)
Net cash provided by (used in) financing activities	364,880	(263,546)
Effect of exchange rate fluctuations on cash and cash equivalents	63	851
Net increase (decrease) in cash and cash equivalents	255,358	(180,335)
Cash and cash equivalents at beginning of period	11,648	206,506
Cash and cash equivalents at end of period	267,006	26,171
Parent | Reportable Legal Entities
Cash flows from financing activities:
Repayments of long-term debt		(150,000)
Proceeds from issuance of long-term debt	550,000
Repayments of borrowings under revolving credit facility	(515,000)	(50,000)
Borrowings under revolving credit facility	465,000	50,000
Proceeds from issuance of common stock, net		21
Dividends paid	(93,248)	(93,206)
Payments for repurchase of common stock, net	(34,713)	(18,529)
Intercompany transactions	(372,039)	261,714
Guarantor Subsidiaries | Reportable Legal Entities
Cash flows from operating activities:
Net cash provided by (used in) operating activities	(3,700)	126,987
Cash flows from investing activities:
Capital expenditures	(25,805)	(22,943)
Payments for acquisition of businesses, net of cash acquired	(82,430)	(30,787)
Net cash used in investing activities	(108,235)	(53,730)
Cash flows from financing activities:
Payments of tax withholding on behalf of employees for net share settlement of share-based compensation	(905)	(1,832)
Payments for debt financing costs	(6,254)
Intercompany transactions	373,344	(256,030)
Net cash provided by (used in) financing activities	366,185	(257,862)
Net increase (decrease) in cash and cash equivalents	254,250	(184,605)
Cash and cash equivalents at beginning of period	9,871	204,815
Cash and cash equivalents at end of period	264,121	20,210
Non-Guarantor Subsidiaries | Reportable Legal Entities
Cash flows from operating activities:
Net cash provided by (used in) operating activities	5,029	12,076
Cash flows from investing activities:
Capital expenditures	(2,710)	(2,973)
Proceeds from sale of assets	31
Net cash used in investing activities	(2,679)	(2,973)
Cash flows from financing activities:
Intercompany transactions	(1,305)	(5,684)
Net cash provided by (used in) financing activities	(1,305)	(5,684)
Effect of exchange rate fluctuations on cash and cash equivalents	63	851
Net increase (decrease) in cash and cash equivalents	1,108	4,270
Cash and cash equivalents at beginning of period	1,777	1,691
Cash and cash equivalents at end of period	$ 2,885	$ 5,961

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ in Thousands	Oct. 10, 2019	Dec. 28, 2019	Sep. 29, 2018	Dec. 28, 2019	Sep. 28, 2019	Sep. 26, 2019	Jun. 04, 2013
Subsequent events
Loss on extinguishment of debt			$ 3,324
4.625% Senior notes due 2021
Subsequent events
Principal amount of notes							$ 700,000
Interest rate at period end (as a percent)					4.625%
4.625% Senior notes due 2021 | Forecast
Subsequent events
Interest rate at period end (as a percent)		4.625%		4.625%
Loss on extinguishment of debt		$ 1,200		$ 1,200
4.625% Senior notes due 2021 | Subsequent Event
Subsequent events
Interest rate at period end (as a percent)	4.625%
Redeemed amount	$ 700,000
5.25% Senior Notes due 2027
Subsequent events
Principal amount of notes	$ 550,000					$ 550,000
Interest rate at period end (as a percent)					5.25%
5.25% Senior Notes due 2027 | Subsequent Event
Subsequent events
Interest rate at period end (as a percent)	5.25%
Tranche B Term Loan Facility | Subsequent Event
Subsequent events
Principal amount of notes	$ 450,000
Amortization rate	1.00%
Repayment fee (as a percent)	1.00%
Tranche B Term Loan Facility | Base rate | Subsequent Event
Subsequent events
Interest rate added to variable base rate (as a percent)	1.00%
Tranche B Term Loan Facility | LIBOR | Subsequent Event
Subsequent events
Interest rate added to variable base rate (as a percent)	2.50%