The Chefs' Warehouse, Inc. (CHEF) 10-Q 3 Aug 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 24, 2016	Jul. 28, 2016
Document And Entity Information [Abstract]
Entity Registrant Name	Chefs' Warehouse, Inc.
Entity Central Index Key	1,517,175
Document Type	10-Q
Trading Symbol	CHEF
Document Period End Date	Jun. 24, 2016
Amendment Flag	false
Current Fiscal Year End Date	--12-25
Entity a Well-known Seasoned Issuer	No
Entity a Voluntary Filer	No
Entity's Reporting Status Current	Yes
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		26,231,889
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,016

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Thousands	Jun. 24, 2016	Dec. 25, 2015
Current assets:
Cash and cash equivalents	$ 48,251	$ 2,454
Accounts receivable, net of allowance of $6,150 in 2016 and $5,803 in 2015	119,491	124,139
Inventories, net	91,257	92,758
Deferred taxes, net	5,318	5,256
Prepaid expenses and other current assets	21,865	9,164
Total current assets	286,182	233,771
Equipment and leasehold improvements, net	57,158	54,283
Software costs, net	6,757	4,511
Goodwill	155,263	155,816
Intangible assets, net	126,780	132,211
Other assets	3,443	3,089
Total assets	635,583	583,681
Current liabilities:
Accounts payable	54,601	64,888
Accrued liabilities	20,643	24,258
Accrued compensation	6,601	7,732
Current portion of long-term debt	13,285	6,030
Total current liabilities	95,130	102,908
Long-term debt, net of current portion	332,624	266,207
Deferred taxes, net	9,629	9,316
Other liabilities and deferred credits	15,645	17,286
Total liabilities	453,028	395,717
Commitments and contingencies
Stockholders' equity:
Preferred Stock, $0.01 par value, 5,000,000 shares authorized, no shares issued and outstanding June 24, 2016 and December 25, 2015
Common Stock, $0.01 par value, 100,000,000 shares authorized, 26,339,319 and 26,290,675 shares issued and outstanding June 24, 2016 and December 25, 2015, respectively	263	263
Additional paid in capital	126,117	125,170
Cumulative foreign currency translation adjustment	(1,843)	(2,949)
Retained earnings	58,018	65,480
Stockholders' equity	182,555	187,964
Total liabilities and stockholders' equity	$ 635,583	$ 583,681

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (Parenthetical) - USD ($) $ in Thousands	Jun. 24, 2016	Dec. 25, 2015
Statement of Financial Position [Abstract]
Allowance for accounts receivable	$ 6,150	$ 5,803
Preferred Stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred Stock, authorized	5,000,000	5,000,000
Preferred Stock, issued	0	0
Preferred Stock, outstanding	0	0
Common Stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common Stock, authorized	100,000,000	100,000,000
Common Stock, issued	26,339,319	26,290,675
Common Stock, outstanding	26,339,319	26,290,675

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 24, 2016	Jun. 26, 2015	Jun. 24, 2016	Jun. 26, 2015
Income Statement [Abstract]
Net sales	$ 291,209	$ 280,851	$ 552,045	$ 477,623
Cost of sales	219,406	209,137	414,284	356,152
Gross profit	71,803	71,714	137,761	121,471
Operating expenses	60,615	62,381	121,213	108,997
Operating income	11,188	9,333	16,548	12,474
Interest expense	25,667	3,574	29,323	5,411
Loss (gain) on asset disposal			3	(349)
(Loss) income before income taxes	(14,479)	5,759	(12,778)	7,412
Provision for income tax (benefit) expense	(6,024)	2,396	(5,316)	3,081
Net (loss) income	(8,455)	3,363	(7,462)	4,331
Other comprehensive (loss) income:
Foreign currency translation adjustments	521	(207)	1,106	(368)
Comprehensive (loss) income	$ (7,934)	$ 3,156	$ (6,356)	$ 3,963
Net (loss) income per share:
Basic (in dollars per share)	$ (0.33)	$ 0.13	$ (0.29)	$ 0.17
Diluted (in dollars per share)	$ (0.33)	$ 0.13	$ (0.29)	$ 0.17
Weighted average common shares outstanding:
Basic (in shares)	25,912,686	25,726,851	25,898,368	25,196,704
Diluted (in shares)	25,912,686	26,884,238	25,898,368	25,246,749

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 24, 2016	Jun. 26, 2015
Cash flows from operating activities:
Net (loss) income	$ (7,462)	$ 4,331
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	2,937	2,594
Amortization	5,567	4,589
Provision for allowance for doubtful accounts	1,552	1,266
Deferred rent	1,423	313
Deferred taxes	790	(1,055)
Amortization of deferred financing fees	675	565
Loss on debt extinguishment	22,310
Stock compensation	1,369	2,420
Change in fair value of contingent earn-out liability	(1,815)	248
Loss (gain) on sale of assets	3	(349)
Changes in assets and liabilities, net of acquisitions:
Accounts receivable	3,215	(3,538)
Inventories	1,735	(4,848)
Prepaid expenses and other current assets	(11,799)	2,070
Accounts payable, accrued liabilities and accrued compensation	(16,559)	(1,989)
Other liabilities	(177)	202
Other assets	(463)	(307)
Net cash provided by operating activities	3,301	6,512
Cash flows from investing activities:
Capital expenditures	(8,034)	(15,156)
Proceeds from asset disposals		1,516
Cash paid for acquisitions, net of cash received		(123,893)
Net cash used in investing activities	(8,034)	(137,533)
Cash flows from financing activities:
Payment of debt	(130,474)	(5,448)
Proceeds from term loan	301,950
Debt prepayment penalty and other fees	(21,219)
Cash paid for deferred financing fees	(6,189)
Proceeds from senior secured notes		25,000
Surrender of shares to pay withholding taxes	(424)	(869)
Cash paid for contingent earn-out liability		(1,420)
Borrowings under revolving credit facility	33,200	160,300
Payments under revolving credit facility	(126,582)	(47,400)
Net cash provided by financing activities	50,262	130,163
Effect of foreign currency on cash and cash equivalents	268	(99)
Net increase (decrease) in cash and cash equivalents	45,797	(957)
Cash and cash equivalents-beginning of period	2,454	3,328
Cash and cash equivalents-end of period	48,251	2,371
Supplemental cash flow disclosures:
Cash paid for income taxes	7,910	6,509
Cash paid for interest	$ 8,582	4,860
Noncash investing activity:
Convertible notes issued for acquisitions		36,750
Contingent earn-out liabilities for acquisitions		7,871
Common stock issued for acquisitions		$ 24,689

Operations and Basis of Present

Operations and Basis of Presentation	6 Months Ended
	Jun. 24, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Operations and Basis of Presentation	Note 1 Operations and Basis of Presentation Description of Business and Basis of Presentation The financial statements include the consolidated accounts of The Chefs’ Warehouse, Inc. (the “Company”), and its wholly-owned subsidiaries. The Company’s quarterly periods end on the thirteenth Friday of each quarter. Every six to seven years the Company will add a fourteenth week to its fourth quarter to more closely align its year end to the calendar year. Consolidation The consolidated financial statements include all the accounts of the Company and its direct and indirect wholly-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated. Unaudited Interim Financial Statements The accompanying unaudited condensed consolidated financial statements and the related interim information contained within the notes to such unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and the applicable rules of the Securities and Exchange Commission (“SEC”) for interim information and quarterly reports on Form 10-Q. Accordingly, they do not include all the information and disclosures required by GAAP for complete financial statements. These unaudited condensed consolidated financial statements and related notes should be read in conjunction with the Company’s audited consolidated financial statements and notes thereto for the fiscal year ended December 25, 2015 filed as part of the Company’s Annual Report on Form 10-K, as filed with the SEC on March 4, 2016. The unaudited condensed consolidated financial statements appearing in this Form 10-Q have been prepared on the same basis as the audited consolidated financial statements included in the Company’s Annual Report on Form 10-K, as filed with the SEC on March 4, 2016, and in the opinion of management include all normal recurring adjustments that are necessary for the fair statement of the Company’s interim period results. The year-end condensed consolidated balance sheet data was derived from the audited financial statements but does not include all disclosures required by GAAP. Due to seasonal fluctuations and other factors, the results of operations for the thirteen and twenty-six weeks ended June 24, 2016 are not necessarily indicative of the results to be expected for the full year. The preparation of financial statements in conformity with GAAP requires management to make significant estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from management’s estimates. Reclassification Changes have been made to the prior period presentation in the condensed consolidated statements of operations and comprehensive income to conform to the current period presentation. Amounts previously included in operating expenses are now included in net sales and cost of sales and amounts previously included in sales have been netted against cost of sales. The impact of these reclassifications is included below: Thirteen weeks ended June 26, 2015 Net Sales Cost of Sales Gross Profit Operating Expenses Previously reported $ 282,882 $ 211,074 $ 71,808 $ 62,475 Income statement reclassifications (2,031 ) (1,937 ) (94 ) (94 ) Current presentation $ 280,851 $ 209,137 $ 71,714 $ 62,381 Twenty-six weeks ended June 26, 2015 Net Sales Cost of Sales Gross Profit Operating Expenses Previously reported $ 481,758 $ 359,610 $ 122,148 $ 109,674 Income statement reclassifications (4,135 ) (3,458 ) (677 ) (677 ) Current presentation $ 477,623 $ 356,152 $ 121,471 $ 108,997 New Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued guidance to clarify the principles for recognizing revenue. This guidance includes the required steps to achieve the core principle that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. On August 12, 2015, the FASB voted to defer the effective date by one year to December 15, 2017 for interim and annual reporting periods beginning after that date. Early adoption of ASU 2014-09 is permitted but not before the original effective date (annual periods beginning after December 15, 2016). We expect to adopt this guidance when effective and are still evaluating the impact this standard will have on our financial statements. In July 2015, the FASB issued guidance to simplify the subsequent measurement of inventory. This guidance provides that inventory should be measured at lower of cost or net realizable value. This guidance is effective for fiscal years beginning after December 15, 2016 and interim periods within fiscal years beginning after December 15, 2017 and is required to be applied on a prospective basis. Early adoption is permitted at the beginning of an interim or annual reporting period. We expect to adopt this guidance when effective and are still evaluating the impact this standard will have on our financial statements. In November 2015, the FASB issued guidance to simplify the presentation of deferred income tax assets and liabilities. Current GAAP requires an entity to separate deferred income tax assets and liabilities into current and non-current classifications. This guidance requires that all deferred tax liabilities be classified as non-current. This guidance is effective for fiscal years beginning after December 15, 2016 and may be applied on a prospective or retrospective basis. Early adoption is permitted as of the beginning of an interim or annual reporting period. We expect to adopt this guidance when effective and adoption is not expected to have a material effect on our financial statements. In February 2016, the FASB issued guidance to increase the transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. Current GAAP does not require lessees to recognize assets and liabilities arising from operating leases on the balance sheet. This new guidance is effective for fiscal years beginning after December 15, 2018. Early adoption is permitted. We expect to adopt this guidance when effective and are evaluating the impact this standard will have on our financial statements. In March 2016, the FASB issued guidance to simplify the accounting for stock compensation. This guidance requires that all excess tax benefits and deficiencies be recognized as income tax expense in the period in which they occur and that they be reflected as an operating activity in the statement of cash flows. Current GAAP requires excess tax benefits to be recognized as additional paid in capital and as a financing activity in the statement of cash flows. In addition, the guidance gives companies the option of estimating the number of awards that will ultimately vest or accounting for forfeitures as they occur. This guidance is effective for fiscal years beginning after December 15, 2016. Early adoption is permitted. We expect to adopt this guidance when effective and are evaluating the impact this standard will have on our financial statements. Guidance Adopted in 2016 Simplifying the Presentation of Debt Issuance Costs Other Total Current portion Total Long-term Total Total Previously reported $ 5,626 $ 586,218 $ 6,266 $ 103,144 $ 268,508 $ 398,254 $ 586,218 Simplifying the Presentation of Debt Issuance Costs (2,537 ) (2,537 ) (236 ) (236 ) (2,301 ) (2,537 ) (2,537 ) Current presentation $ 3,089 $ 583,681 $ 6,030 $ 102,908 $ 266,207 $ 395,717 $ 583,681

(Loss) Earnings Per Share

(Loss) Earnings Per Share	6 Months Ended
	Jun. 24, 2016
Net (loss) income per share:
(Loss) Earnings Per Share	Note 2 (Loss) Earnings Per Share The following table sets forth the computation of basic and diluted net (loss) income per share: Thirteen Weeks Ended Twenty-six Weeks Ended June 24, 2016 June 26, 2015 June 24, 2016 June 26, 2015 Net (loss) income per share: Basic $ (0.33 ) $ 0.13 $ (0.29 ) $ 0.17 Diluted $ (0.33 ) $ 0.13 $ (0.29 ) $ 0.17 Weighted average common shares: Basic 25,912,686 25,726,851 25,898,368 25,196,704 Diluted 25,912,686 26,884,238 25,898,368 25,246,749 Reconciliation of net (loss) income per common share: Thirteen Weeks Ended Twenty-six Weeks Ended June 24, 2016 June 26, 2015 June 24, 2016 June 26, 2015 Numerator: Net (loss) income $ (8,455 ) $ 3,363 $ (7,462 ) $ 4,331 Add effect of dilutive securities: Interest on convertible notes, net of tax — 132 — — Adjusted net (loss) income $ (8,455 ) $ 3,495 $ (7,462 ) $ 4,331 Denominator: Weighted average basic common shares outstanding 25,912,686 25,726,851 25,898,368 25,196,704 Dilutive effect of unvested common shares — 42,390 — 50,045 Dilutive effect of convertible notes — 1,114,997 — — Weighted average diluted common shares outstanding 25,912,686 26,884,238 25,898,368 25,246,749 The weighted average shares outstanding for the thirteen weeks ended June 24, 2016 did not include the impact of 317,330 Restricted Share Awards (RSAs), or 1,237,374 shares from the convertible subordinated notes issued in connection with our acquisition of Del Monte Capital Meat Co. and certain related entities (Del Monte) as they were deemed to be anti-dilutive. The weighted average shares outstanding for the twenty-six weeks ended June 24, 2016 and June 26, 2015 did not include the impact of 317,330 and 45,106 Restricted Share Awards (RSAs), respectively, or 1,237,374 shares from the convertible subordinated notes issued in connection with our acquisition of Del Monte Capital Meat Co. and certain related entities (Del Monte) as they were deemed to be anti-dilutive.

Fair Value Measurements; Fair V

Fair Value Measurements; Fair Value of Financial Instruments	6 Months Ended
	Jun. 24, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements; Fair Value of Financial Instruments	Note 3 Fair Value Measurements; Fair Value of Financial Instruments We account for certain assets and liabilities at fair value. We categorize each of our fair value measurements in one of the following three levels based on the lowest level input that is significant to the fair value measurement in its entirety: Level 1 - Inputs to the valuation methodology are unadjusted quoted prices in active markets for identical assets. Level 2 - Observable inputs other than quoted prices in active markets for identical assets and liabilities include the following: a) quoted prices for similar assets in active markets; b) quoted prices for identical or similar assets in inactive markets; c) inputs other than quoted prices that are observable for the asset; and d) inputs that are derived principally from or corroborated by observable market data by correlation or other means. If the asset has a specified (contractual) term, the Level 2 input must be observable for substantially the full term of the asset. Level 3 - Inputs to the valuation methodology are unobservable (i.e., supported by little or no market activity) and significant to the fair value measure. Assets and Liabilities Measured at Fair Value As of June 24, 2016, the Company’s only asset or liability measured at fair value was the contingent earn-out liability for the Del Monte acquisition. This liability was estimated using Level 3 inputs and had a fair value of $13,661 at June 24, 2016. This liability is reflected as accrued liabilities and other liabilities and deferred credits on the balance sheet. The fair value of contingent consideration was determined based on a probability-based approach which includes projected results, percentage probability of occurrence and the application of a discount rate to present value the payments. A significant change in projected results, discount rate, or probabilities of occurrence could result in a significantly higher or lower fair value measurement. Subsequent to June 24, 2016, the Company and the former owners of Allen Brothers, reached a settlement that fixed the value of the remaining earn-out payments related to the Allen Brothers acquisition. As such, the remaining Allen Brothers earn-out liability is no longer measured using Level 3 inputs. See Note 12 for further information regarding the settlement of the Allen Brothers earn-out liability. The following table presents the changes in Level 3 contingent consideration liability: Del Monte Allen Total Balance December 25, 2015 $ 13,792 $ 4,344 $ 18,136 Gain on settlement — (1,684 ) (1,684 ) Reclassification from Level 3 — (2,660 ) (2,660 ) Changes in fair value (131 ) — (131 ) Balance June 24, 2016 $ 13,661 $ — $ 13,661 Fair Value of Financial Instruments The carrying amounts reported in the Company’s consolidated balance sheets for accounts receivable and accounts payable approximate fair value, due to the immediate to short-term maturity of these financial instruments. The fair values of the current and former revolving credit facilities and term loans approximated their book values as of June 24, 2016 and December 25, 2015, as these instruments had variable interest rates that reflected current market rates available to the Company. The carrying amount of the Company’s senior secured notes at December 25, 2015 approximates fair value, as the interest rate obtained by the Company approximates the prevailing interest rates available to the Company for similar instruments. The fair value of these debt instruments were estimated using Level 3 inputs. The following table presents the carrying value and fair value of the Company’s convertible subordinated notes. In estimating the fair value of these convertible secured notes, the Company utilized Level 3 inputs including, prevailing market interest rates to estimate the debt portion of the instrument and a Black Scholes valuation model to estimate the fair value of the conversion option. The Black Scholes model utilizes the market price of the Company’s common stock, estimates of the stock’s volatility and the prevailing risk free interest rate in calculating the fair value estimate. June 24, 2016 December 25, 2015 Carrying Fair Carrying Fair Convertible Secured Notes $ 36,750 $ 33,024 $ 36,750 $ 34,300

Acquisitions

Acquisitions	6 Months Ended
	Jun. 24, 2016
Business Combinations [Abstract]
Acquisitions	Note 4 Acquisitions The Company accounts for acquisitions in accordance with ASC 805 Business Combinations. Assets acquired and liabilities assumed are recorded in the accompanying consolidated balance sheet at their estimated fair values as of the acquisition date. Results of operations are included in the Company’s financial statements from the date of acquisition. For the acquisition noted below, the Company used the income approach to determine the fair value of the customer relationships, the relief from royalty method to determine the fair value of trademarks and the comparison of economic income using the with/without approach to determine the fair value of non-compete agreements. The Company used Level 3 inputs to determine the fair value of all these intangible assets. On April 6, 2015, the Company acquired substantially all the equity interests of Del Monte Capitol Meat Co. and substantially all the assets of certain of its affiliated companies (collectively “Del Monte”). Del Monte supplies high quality USDA inspected beef, pork, lamb, veal, poultry and seafood products to Northern California. The aggregate purchase price paid by the Company was approximately $184,074. Approximately $123,893 was paid in cash initially, through cash-on-hand, the proceeds from the issuance of additional senior secured notes and additional borrowings under the revolving portion of the Amended and Restated Credit Agreement (as defined below). During the second quarter of fiscal 2016, the Company finalized the net working capital adjustment as included in the initial purchase agreement. In July 2016, the Company received $1,258 out of escrow (see Note 12), in final settlement of the net working capital true-up. The remaining approximately $61,439 consisted of (i) approximately 1.1 million shares of the Company’s common stock totaling approximately $24,689 and (ii) $36,750 in aggregate principal amounts of convertible subordinated notes with a six-year maturity bearing interest at 2.5% with a conversion price of $29.70 per share issued to certain of the Del Monte entities. The Company will also pay additional contingent consideration, if earned, in the form of an earn-out amount which could total approximately $24,500 to certain of the Del Monte entities; the payment of the earn-out liability is subject to certain conditions, including the successful achievement of Adjusted EBITDA targets for the Del Monte entities and improvements in certain operating metrics for the Company’s existing protein business and the business of any protein companies subsequently acquired by the Company over the six years following the closing of the Del Monte acquisition. At April 6, 2015, the Company estimated the fair value of this contingent earn-out liability to be $13,139. This contingent liability is adjusted to fair value on a quarterly basis and is estimated to be $13,661 at June 24, 2016. The Company expensed $1,546 of professional fees and $3,000 of transaction bonuses in operating expenses related to the Del Monte acquisition during the fiscal year ended December 25, 2015. The Company has finalized a valuation of the tangible and intangible assets of Del Monte as of the acquisition date. These assets are being valued at fair value using Level 3 inputs. Customer lists are being amortized over 15 years and trademarks are being amortized over 20 years. Goodwill for the Del Monte acquisition will be amortized over 15 years for tax purposes. For the thirteen weeks ended June 24, 2016, the Company reflected net sales and income before taxes and amortization of intangibles of $56,542 and $3,056, respectively, for Del Monte in its condensed consolidated statement of operations. For the twenty-six weeks ended June 24, 2016, the Company reflected net sales and income before taxes and amortization of intangibles of $108,671 and $7,131, respectively, for Del Monte in its condensed consolidated statement of operations. Del Monte Current assets (includes cash acquired) $ 31,509 Customer Relationships 62,246 Trademarks 29,261 Goodwill 76,892 Fixed assets 5,652 Other assets 137 Earn-out liability (13,139 ) Deferred tax liability (361 ) Convertible subordinated notes (36,750 ) Issuance of common shares (24,689 ) Current liabilities (8,123 ) Cash purchase price $ 122,635

Inventory

Inventory	6 Months Ended
	Jun. 24, 2016
Inventory Disclosure [Abstract]
Inventory	Note 5 Inventory Inventory consists of finished product. Our different entities record inventory using a mixture of first-in, first-out and average cost, which we believe approximates first-in, first-out. Inventory is reflected net of reserves for shrinkage and obsolescence totaling $1,732 and $1,956 at June 24, 2016 and December 25, 2015, respectively.

Equipment and Leasehold Improve

Equipment and Leasehold Improvements	6 Months Ended
	Jun. 24, 2016
Property, Plant and Equipment [Abstract]
Equipment and Leasehold Improvements	Note 6 Equipment and Leasehold Improvements Equipment and leasehold improvements consisted of the following: As of Useful Lives June 24, 2016 December 25, 2015 Land Indefinite $ 1,571 $ 1,571 Buildings 20 years 2,802 2,740 Machinery and equipment 5-10 years 12,527 10,739 Computers, data processing and other equipment 3-7 years 8,317 7,598 Leasehold improvements 7-22 years 44,094 41,653 Furniture and fixtures 7 years 2,356 1,488 Vehicles 5-7 years 2,072 2,077 Other 7 years 95 95 Construction-in-process 8,088 8,884 81,922 76,845 Less: accumulated depreciation and amortization (24,764 ) (22,562 ) Equipment and leasehold improvements, net $ 57,158 $ 54,283 Construction-in-process at June 24, 2016 related primarily to the implementation of its Enterprise Resource Planning (“ERP”) system. The rollout of our ERP system will continue throughout fiscal 2016 and 2017. Construction-in process at December 25, 2015 related primarily to the build out of the Company’s new distribution facility in San Francisco, CA and the implementation of its ERP system. At June 24, 2016 and December 25, 2015, the Company had $506 of equipment and vehicles financed by capital leases. The Company recorded depreciation on equipment under capital leases of $19 and $24 on these assets during the thirteen weeks ended June 24, 2016 and June 26, 2015, respectively and $43 and $48 on these assets during the twenty-six weeks ended June 24, 2016 and June 26, 2015, respectively. Depreciation expense on equipment and leasehold improvements was $1,332 and $1,419 for the thirteen weeks ended June 24, 2016 and June 26, 2015, respectively and $2,176 and $2,025 for the twenty-six weeks ended June 24, 2016 and June 26, 2015, respectively. Capitalized software is recorded net of accumulated amortization of $4,469 and $3,751 at June 24, 2016 and December 25, 2015, respectively. Depreciation expense on software was $380 and $264 for the thirteen weeks ended June 24, 2016 and June 26, 2015, respectively and $718 and $521 for the twenty-six weeks ended June 24, 2016 and June 26, 2015, respectively. During the thirteen weeks ended June 24, 2016 and June 26, 2015, the Company incurred interest expense of $25,667 and $3,574, respectively. The Company capitalized interest expense of $0 and $252, respectively, during the same periods. During the twenty-six weeks ended June 24, 2016 and June 26, 2015, the Company incurred interest expense of $29,323 and $5,411, respectively. The Company capitalized interest expense of $0 and $739, respectively, during the same periods. Capitalized interest was related to the build outs of the new distribution facilities in Bronx, NY and Las Vegas, NV.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	6 Months Ended
	Jun. 24, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Note 7 Goodwill and Other Intangible Assets The changes in the carrying amount of goodwill are presented as follows: Carrying amount as of December 25, 2015 $ 155,816 Goodwill decreases (614 ) Foreign currency translation 61 Carrying amount as of June 24, 2016 $ 155,263 The change in goodwill is from the settlement of the Del Monte working capital adjustment (see Note 12) and the finalization of the Del Monte opening balance sheet. Other intangible assets consist of customer relationships being amortized over a period ranging from four to twenty years, trademarks being amortized over a period of one to forty years, and non-compete agreements being amortized over a period of two to six years. Other intangible assets consisted of the following at June 24, 2016 and December 25, 2015: Gross Accumulated Net Amount June 24, 2016: Customer relationships $ 94,189 (16,256 ) $ 77,933 Non-compete agreements 7,166 (4,900 ) 2,266 Trademarks 52,616 (6,035 ) 46,581 Total $ 153,971 (27,191 ) $ 126,780 December 25, 2015: Customer relationships $ 94,097 (12,755 ) $ 81,342 Non-compete agreements 7,166 (4,213 ) 2,953 Trademarks 52,549 (4,633 ) 47,916 Total $ 153,812 (21,601 ) $ 132,211 Amortization expense for other intangibles was $2,784 and $3,244 for the thirteen weeks ended June 24, 2016 and June 26, 2015, respectively and $5,567 and $4,589 for the twenty-six weeks ended June 24, 2016 and June 26, 2015, respectively. Estimated amortization expense for other intangibles for the fiscal year ending December 30, 2016 and each of the next four fiscal years and thereafter is as follows: 2016 $ 10,791 2017 10,756 2018 9,617 2019 9,340 2020 9,067 Thereafter 82,640 Total $ 132,211

Debt Obligations

Debt Obligations	6 Months Ended
	Jun. 24, 2016
Debt Disclosure [Abstract]
Debt Obligations	Note 8 Debt Obligations Debt obligations as of June 24, 2016 and December 25, 2015 consisted of the following: June 24, December 25, Senior secured term loan $ 305,000 $ — Convertible subordinated notes 36,750 36,750 New Markets Tax Credit loan 11,000 11,000 Capital leases and financed software 3,169 3,961 Senior secured notes — 125,000 Revolving credit facility — 93,382 Term loan — 4,681 Deferred finance fees and original issue discount (10,010 ) (2,537 ) Total debt obligations 345,909 272,237 Less: current installments (13,285 ) (6,030 ) Total debt obligations excluding current installments $ 332,624 $ 266,207 On June, 22, 2016, the Company refinanced its debt structure by entering into a new senior secured term loan. The Company used the proceeds to pay down the revolving credit facility, $96,400, the previous term loan, $1,681 and the senior secured notes, $125,000. The revolving credit facility and previous term loan were originally due in April 2017. The senior secured notes had maturities of $50,000 in April 2018, $25,000 in October 2020 and $50,000 in April 2023. The Company was required to pay the senior note holders make-whole payments totaling $21,144 for the early retirement of these notes. In addition, the Company wrote off deferred financing fees totaling $1,091 relating to the senior secured notes, term loan, and revolving credit facility. The refinancing met the requirements of a debt extinguishment for accounting purposes and the loss on extinguishment of debt of $22,310, inclusive e of the make-whole payments and write-off of deferred financing fees, is reflected in interest expense. Senior Secured Term Loan Credit Facility On June 22, 2016, the Company entered into a credit agreement (the “Term Loan Credit Agreement”) with a group of lenders for which Jefferies Finance LLC (“Jefferies”) acts as administrative agent and collateral agent. The Term Loan Credit Agreement provides for a senior secured term loan B facility (the “Term Loan Facility”) in an aggregate amount of $305,000 with a $50,000 six-month delayed draw term loan facility (the “DDTL”; the loans outstanding under the Term Loan Facility (including the DDTL), the “Term Loans”). Use of the DDTL is subject to the Company’s consolidated Total Leverage Ratio (as defined in the Term Loan Credit Agreement) not exceeding 4.90:1.00 and the satisfaction of other customary conditions. Additionally, the Term Loan Facility includes an accordion which permits the Company to request that the lenders extend additional Term Loans in an aggregate principal amount of up to $50,000 (less the aggregate amount of certain indebtedness incurred to finance acquisitions) plus an unlimited amount subject to the Company’s Total Leverage Ratio not exceeding 4.90:1.00 on a pro forma basis. The final maturity of the Term Loan Facility is June 22, 2022. Subject to adjustment for prepayments, the Company is required to make quarterly amortization payments on the Term Loans in an amount equal to 0.25% of the aggregate principal amount of the Term Loans. Borrowings under the Term Loan Facility were used to repay the Company’s senior secured notes, as well as the prior term loan and revolving credit facility. Remaining funds will be used for capital expenditures, permitted acquisitions, working capital and general corporate purposes of the Company. The interest rates per annum applicable to Term Loans, will be, at the co-borrowers’ option, equal to either a base rate or an adjusted LIBO rate for one, two, three, six or (if consented to by the lenders) twelve-month interest periods chosen by the Company, in each case plus an applicable margin percentage. A commitment fee is payable in respect of the amount of the undrawn DDTL commitments equal to a percentage equal to 50% of the interest rate with respect to Term Loans accruing interest based on the adjusted LIBO rate. The interest rate on this facility at June 24, 2016 was 5.8% The Term Loan Facility contains customary affirmative covenants, negative covenants (including restrictions, subject to customary exceptions, on incurring debt or liens, paying dividends, repaying payment subordinated and junior lien debt, disposing assets, and making investments and acquisitions), and events of default for a term loan B facility of this type, as more particularly described in the Term Loan Credit Agreement. Asset Based Loan Facility On June 22, 2016, the Company entered into a The interest rates per annum applicable to loans, other than swingline loans, under the ABL Credit Facility will be, at the co-borrowers’ option, equal to either a base rate or an adjusted LIBO rate for one, two, three, six or (if consented to by the lenders) twelve-month, interest periods chosen by the Company, in each case plus an applicable margin percentage. The Company will pay certain recurring fees with respect to the ABL Facility, including fees on the unused commitments of the lenders. The ABL Facility contains customary affirmative covenants, negative covenants and events of default as more particularly described in the ABL Credit Agreement. The ABL Facility will require compliance with a minimum consolidated fixed charge coverage ratio of 1:1 if the amount of availability under the ABL Facility falls below a specified dollar amount or percentage of the borrowing base. There were no outstanding balances under the ABL as of June 24, 2016. Borrowings under the ABL Facility will be used, and are expected to be used, for capital expenditures, permitted acquisitions, working capital and general corporate purposes of the Company. As of June 24, 2016, the Company was in compliance with all debt covenants and the Company had reserved $7,045 of the ABL facility for the issuance of letters of credit. As of June 24, 2016, funds totaling $67,955 were available for borrowing under the ABL facility.

Stockholders Equity

Stockholders Equity	6 Months Ended
	Jun. 24, 2016
Stockholders' Equity Note [Abstract]
Stockholders' Equity	Note 9 Stockholders Equity During the twenty-six weeks ended June 24, 2016, the Company granted 147,972 restricted stock awards (“RSAs”) to its employees and independent directors at a weighted average grant date fair value of $19.46 each. These awards are a mix of time and performance based grants which will vest over periods of two to four years. During the thirteen and twenty-six weeks ended June 24, 2016, the Company recognized expense totaling $192 and $247 on these RSAs and $400 and $851 of expense for RSAs issued in prior years. During March 2016, the Company granted 259,577 non-qualified stock options with market condition provisions to its employees at a weighted average grant date fair value of $9.44 each. These awards vest over a period of three years and require the Company’s stock to trade at or above $30 per share for 20 consecutive days within four years of issuance to meet the market condition threshold. During the thirteen and twenty-six weeks ended June 24, 2016, the Company recognized expense totaling $216 and $272 on these options, respectively. At June 24, 2016, the Company had 317,330 unvested RSAs outstanding. At June 24, 2016, the total unrecognized compensation cost for these unvested RSAs was $5,296 and the weighted-average remaining useful life was approximately 19 months. Of this total, $3,947 related to RSAs with time-based vesting provisions and $1,349 related to RSAs with performance-based vesting provisions. At June 24, 2016, the weighted-average remaining useful lives for time-based vesting RSAs and performance-based vesting RSAs were approximately 18 months and 26 months, respectively. No compensation expense related to the Company’s RSAs has been capitalized. As of June 24, 2016, there were 630,809 shares available for grant under the Company’s 2011 Omnibus Equity Incentive Plan.

Related Parties

Related Parties	6 Months Ended
	Jun. 24, 2016
Related Party Transactions [Abstract]
Related Parties	Note 10 Related Parties The Company previously leased two warehouse facilities from related parties. These facilities are 100% owned by entities controlled by certain of the Company’s current and former directors and officers and current stockholders and are deemed to be affiliates of those individuals. Expenses related to these facilities totaled $133 and $457, respectively, during the thirteen weeks ended June 24, 2016 and June 26, 2015 and $350 and $914, respectively during the twenty-six weeks ended June 24, 2016 and June 26, 2015. One of the facilities is a distribution facility leased by Chefs’ Warehouse Mid-Atlantic, LLC for which the Company recently extended the lease expiration date to September 30, 2019. The other facility is a distribution facility which one of the Company’s subsidiaries, Dairyland, sublet from TCW Leasing Co., LLC (“Leasing”), an entity controlled by the Company’s founders. The Company exited this facility on February 29, 2016 and is no longer required to pay rent. Each of Christopher Pappas, CEO, John Pappas, Vice Chairman and Dean Facatselis (the brother-in-law of Messrs. Pappas) owns 8.33% of a New York City-based restaurant customer of the Company and its subsidiaries that purchased approximately $29 and $32, respectively, of products from the Company during the thirteen weeks ended June 24, 2016 and June 26, 2015 and approximately $56 and $59, respectively, of products from the Company during the twenty-six weeks ended June 24, 2016 and June 26, 2015. Messrs. Pappas and Facatselis have no other interest in the restaurant other than these equity interests and are not involved in the day-to-day operation or management of this restaurant. An entity owned 50% by John Couri, a director of the Company, and of which Messrs. C. Pappas and S. Hanson (also directors of the Company) previously held ownership interests owns an interest in an aircraft that the Company uses for business purposes in the course of its operations. Mr. Couri paid for his ownership interest in the aircraft himself and bears his share of all operating, personnel and maintenance costs associated with the operation of this aircraft. The Company made payments of $0 and $74, respectively for the thirteen weeks ended June 24, 2016 and June 26, 2015 and $0 and $106, respectively for the twenty-six weeks ended June 24, 2016 and June 26, 2015 for use of such aircraft. All payments were paid directly to an entity that manages the aircraft in which Mr. Couri has a de minimis The Company paid $139 and $158 to Architexture Studios, Inc. for interior decorating and design including the purchase of furniture and leasehold improvements primarily for our Las Vegas, San Francisco and Chicago facilities during the thirteen weeks ended June 24, 2016 and June 26, 2015, respectively and $268 and $416 during the twenty-six weeks ended June 24, 2016 and June 26, 2015, respectively. This entity is owned by Julie Hardridge, the sister-in-law of Christopher Pappas. The Company purchases products from ConAgra Foods, Inc. of which Steve Goldstone, a Director of the Company, is the Chairman. Mr Goldstone became a director of the Company on March 7, 2016. During the thirteen and twenty-six weeks ended June 24, 2016 the Company purchased approximately $184 and $230 worth of products from ConAgra Foods, Inc. With the acquisition of Del Monte, the Company acquired two warehouse facilities that the Company leases from certain prior owners of Del Monte. Three of the owners are current employees, one of whom, John DeBenedetti, serves on the Company’s board of directors. The first property is located in American Canyon, CA and is owned by TJ Management Co. LLC, an entity owned 50% by John DeBenedetti and 50% by Theresa Lincoln, John DeBenedetti’s sister. The Company paid rent on this facility totaling $53 and $52, respectively, for the thirteen weeks ended June 24, 2016 and June 26, 2015 and $105 and $52, respectively, for the twenty-six weeks ended June 24, 2016 and June 26, 2015. The second property is located in West Sacramento, CA and is owned by David DeBenedetti and Victoria DeBenedetti, the parents of John DeBenedetti. The Company paid rent on this facility totaling $57 and $56, respectively, for the thirteen weeks ended June 24, 2016 and June 26, 2015 and $112 and $56, respectively, for the twenty-six weeks ended June 24, 2016 and June 26, 2015. John DeBenedetti, Theresa Lincoln and Victoria DeBenedetti are employees of a subsidiary of the Company. John DeBenedetti and Theresa Lincoln, indirectly through TJ Investments, LLC, own a 16.67% ownership interest in Old World Provisions, which supplies products to the Company following the Del Monte acquisition. The Company purchased approximately $189 and $233, respectively, of products during the thirteen weeks ended June 24, 2016 and June 26, 2014, and approximately $337 and $233, respectively, of products during the twenty-six weeks ended June 24, 2016 and June 26, 2014. Neither Mr. J. DeBenedetti nor Ms. Lincoln is involved in the day-to-day management of Old World Provisions.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 24, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 11 Commitments and Contingencies Until February 29, 2016, the Company sublet a distribution facility from Leasing (an entity controlled by the Company’s founders). Leasing leases the distribution center from the New York City Industrial Development Agency. In connection with this sublease arrangement and Leasing’s obligations under a related mortgage to its mortgage lender, the Company, Dairyland and another of the Company’s subsidiaries initially were required to act as guarantors of Leasing’s mortgage obligation on the distribution center. The mortgage payoff date is December 2029 and the potential obligation under this guarantee totaled $5,423 at June 24, 2016. By agreement dated July 1, 2005, the lender released the Company and its subsidiaries from their guaranty obligations, provided the sublease between Dairyland and Leasing remained in full force and effect. As of February 29, 2016, Dairyland exited the sublease arrangement with Leasing, triggering the guarantee obligation. The Company believes that the fair value of the building securing the mortgage more than offsets any potential obligation. In addition, Leasing is in the process of refinancing its mortgage with another lender. The Company, upon completion of the refinancing, expects that the Company and its subsidiaries will be unconditionally and fully released from any guaranty of Leasing’s mortgage loan.

Subsequent Event

Subsequent Event	6 Months Ended
	Jun. 24, 2016
Subsequent Events [Abstract]
Subsequent Event	Note 12 Subsequent Event On June 27, 2016 the Company acquired substantially all the assets of M.T. Foodservice, Inc., a specialty food distributor based out of Chicago, IL. The purchase price for the transaction was $21,500, of which, $21,000 was paid in cash at closing and an additional $500 payable in eighteen months after the closing date. The selling price may be increased by an additional $500 provided certain performance metrics are met in the post-acquisition period. The final purchase price is subject to a customary working capital true-up. The initial accounting for the M.T. Foodservice, Inc. acquisition was incomplete as of the date of issuance of the Company’s financial statements as management had not completed its analysis of the opening balance sheet. As such the disclosures of (i) the preliminary allocation of assets acquired and liabilities assumed based on their estimated fair values as of the acquisition date and (ii) the level of goodwill and other intangible assets and their respective estimated useful lives are not disclosed herein. On July 6, 2016, the Company received $1,258 from the escrow account established with the former owners of Del Monte for the final working capital adjustment related to the Del Monte acquisition. On July 8, 2016 the Company settled its earn-out agreements with the prior owners of Allen Brothers. The settlement resulted in the Company paying the prior owners $2,660 in full settlement of the earn-out obligation. The Company recorded a gain of $1,684 in operating expenses during the second quarter of 2016 related to this settlement.

Operations and Basis of Prese18

Operations and Basis of Presentation (Policies)	6 Months Ended
	Jun. 24, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business and Basis of Presentation	Description of Business and Basis of Presentation The financial statements include the consolidated accounts of The Chefs’ Warehouse, Inc. (the “Company”), and its wholly-owned subsidiaries. The Company’s quarterly periods end on the thirteenth Friday of each quarter. Every six to seven years the Company will add a fourteenth week to its fourth quarter to more closely align its year end to the calendar year.
Consolidation	Consolidation The consolidated financial statements include all the accounts of the Company and its direct and indirect wholly-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated.
Unaudited Interim Financial Statements	Unaudited Interim Financial Statements The accompanying unaudited condensed consolidated financial statements and the related interim information contained within the notes to such unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and the applicable rules of the Securities and Exchange Commission (“SEC”) for interim information and quarterly reports on Form 10-Q. Accordingly, they do not include all the information and disclosures required by GAAP for complete financial statements. These unaudited condensed consolidated financial statements and related notes should be read in conjunction with the Company’s audited consolidated financial statements and notes thereto for the fiscal year ended December 25, 2015 filed as part of the Company’s Annual Report on Form 10-K, as filed with the SEC on March 4, 2016. The unaudited condensed consolidated financial statements appearing in this Form 10-Q have been prepared on the same basis as the audited consolidated financial statements included in the Company’s Annual Report on Form 10-K, as filed with the SEC on March 4, 2016, and in the opinion of management include all normal recurring adjustments that are necessary for the fair statement of the Company’s interim period results. The year-end condensed consolidated balance sheet data was derived from the audited financial statements but does not include all disclosures required by GAAP. Due to seasonal fluctuations and other factors, the results of operations for the thirteen and twenty-six weeks ended June 24, 2016 are not necessarily indicative of the results to be expected for the full year. The preparation of financial statements in conformity with GAAP requires management to make significant estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from management’s estimates.
Reclassification	Reclassification Changes have been made to the prior period presentation in the condensed consolidated statements of operations and comprehensive income to conform to the current period presentation. Amounts previously included in operating expenses are now included in net sales and cost of sales and amounts previously included in sales have been netted against cost of sales. The impact of these reclassifications is included below: Thirteen weeks ended June 26, 2015 Net Sales Cost of Sales Gross Profit Operating Expenses Previously reported $ 282,882 $ 211,074 $ 71,808 $ 62,475 Income statement reclassifications (2,031 ) (1,937 ) (94 ) (94 ) Current presentation $ 280,851 $ 209,137 $ 71,714 $ 62,381 Twenty-six weeks ended June 26, 2015 Net Sales Cost of Sales Gross Profit Operating Expenses Previously reported $ 481,758 $ 359,610 $ 122,148 $ 109,674 Income statement reclassifications (4,135 ) (3,458 ) (677 ) (677 ) Current presentation $ 477,623 $ 356,152 $ 121,471 $ 108,997
New Accounting Pronouncements	New Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued guidance to clarify the principles for recognizing revenue. This guidance includes the required steps to achieve the core principle that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. On August 12, 2015, the FASB voted to defer the effective date by one year to December 15, 2017 for interim and annual reporting periods beginning after that date. Early adoption of ASU 2014-09 is permitted but not before the original effective date (annual periods beginning after December 15, 2016). We expect to adopt this guidance when effective and are still evaluating the impact this standard will have on our financial statements. In July 2015, the FASB issued guidance to simplify the subsequent measurement of inventory. This guidance provides that inventory should be measured at lower of cost or net realizable value. This guidance is effective for fiscal years beginning after December 15, 2016 and interim periods within fiscal years beginning after December 15, 2017 and is required to be applied on a prospective basis. Early adoption is permitted at the beginning of an interim or annual reporting period. We expect to adopt this guidance when effective and are still evaluating the impact this standard will have on our financial statements. In November 2015, the FASB issued guidance to simplify the presentation of deferred income tax assets and liabilities. Current GAAP requires an entity to separate deferred income tax assets and liabilities into current and non-current classifications. This guidance requires that all deferred tax liabilities be classified as non-current. This guidance is effective for fiscal years beginning after December 15, 2016 and may be applied on a prospective or retrospective basis. Early adoption is permitted as of the beginning of an interim or annual reporting period. We expect to adopt this guidance when effective and adoption is not expected to have a material effect on our financial statements. In February 2016, the FASB issued guidance to increase the transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. Current GAAP does not require lessees to recognize assets and liabilities arising from operating leases on the balance sheet. This new guidance is effective for fiscal years beginning after December 15, 2018. Early adoption is permitted. We expect to adopt this guidance when effective and are evaluating the impact this standard will have on our financial statements. In March 2016, the FASB issued guidance to simplify the accounting for stock compensation. This guidance requires that all excess tax benefits and deficiencies be recognized as income tax expense in the period in which they occur and that they be reflected as an operating activity in the statement of cash flows. Current GAAP requires excess tax benefits to be recognized as additional paid in capital and as a financing activity in the statement of cash flows. In addition, the guidance gives companies the option of estimating the number of awards that will ultimately vest or accounting for forfeitures as they occur. This guidance is effective for fiscal years beginning after December 15, 2016. Early adoption is permitted. We expect to adopt this guidance when effective and are evaluating the impact this standard will have on our financial statements. Guidance Adopted in 2016 Simplifying the Presentation of Debt Issuance Costs Other Total Current portion Total Long-term Total Total Previously reported $ 5,626 $ 586,218 $ 6,266 $ 103,144 $ 268,508 $ 398,254 $ 586,218 Simplifying the Presentation of Debt Issuance Costs (2,537 ) (2,537 ) (236 ) (236 ) (2,301 ) (2,537 ) (2,537 ) Current presentation $ 3,089 $ 583,681 $ 6,030 $ 102,908 $ 266,207 $ 395,717 $ 583,681

Operations and Basis of Prese19

Operations and Basis of Presentation (Tables)	6 Months Ended
	Jun. 24, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of impact of reclassifications	The impact of these reclassifications is included below: Thirteen weeks ended June 26, 2015 Net Sales Cost of Sales Gross Profit Operating Expenses Previously reported $ 282,882 $ 211,074 $ 71,808 $ 62,475 Income statement reclassifications (2,031 ) (1,937 ) (94 ) (94 ) Current presentation $ 280,851 $ 209,137 $ 71,714 $ 62,381 Twenty-six weeks ended June 26, 2015 Net Sales Cost of Sales Gross Profit Operating Expenses Previously reported $ 481,758 $ 359,610 $ 122,148 $ 109,674 Income statement reclassifications (4,135 ) (3,458 ) (677 ) (677 ) Current presentation $ 477,623 $ 356,152 $ 121,471 $ 108,997
Schedule of assets and liabilities on retrospective adoption of guidance	As a result of adopting this guidance, total assets and total liabilities as of December 25, 2015 decreased as follows. Other Total Current portion Total Long-term Total Total Previously reported $ 5,626 $ 586,218 $ 6,266 $ 103,144 $ 268,508 $ 398,254 $ 586,218 Simplifying the Presentation of Debt Issuance Costs (2,537 ) (2,537 ) (236 ) (236 ) (2,301 ) (2,537 ) (2,537 ) Current presentation $ 3,089 $ 583,681 $ 6,030 $ 102,908 $ 266,207 $ 395,717 $ 583,681

(Loss) Earnings Per Share (Tabl

(Loss) Earnings Per Share (Tables)	6 Months Ended
	Jun. 24, 2016
Net (loss) income per share:
Schedule of computation of basic and diluted net (loss) income per share	The following table sets forth the computation of basic and diluted net (loss) income per share: Thirteen Weeks Ended Twenty-six Weeks Ended June 24, 2016 June 26, 2015 June 24, 2016 June 26, 2015 Net (loss) income per share: Basic $ (0.33 ) $ 0.13 $ (0.29 ) $ 0.17 Diluted $ (0.33 ) $ 0.13 $ (0.29 ) $ 0.17 Weighted average common shares: Basic 25,912,686 25,726,851 25,898,368 25,196,704 Diluted 25,912,686 26,884,238 25,898,368 25,246,749
Schedule of reconciliation of net (loss) income per common share	Reconciliation of net (loss) income per common share: Thirteen Weeks Ended Twenty-six Weeks Ended June 24, 2016 June 26, 2015 June 24, 2016 June 26, 2015 Numerator: Net (loss) income $ (8,455 ) $ 3,363 $ (7,462 ) $ 4,331 Add effect of dilutive securities: Interest on convertible notes, net of tax — 132 — — Adjusted net (loss) income $ (8,455 ) $ 3,495 $ (7,462 ) $ 4,331 Denominator: Weighted average basic common shares outstanding 25,912,686 25,726,851 25,898,368 25,196,704 Dilutive effect of unvested common shares — 42,390 — 50,045 Dilutive effect of convertible notes — 1,114,997 — — Weighted average diluted common shares outstanding 25,912,686 26,884,238 25,898,368 25,246,749

Fair Value Measurements; Fair21

Fair Value Measurements; Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 24, 2016
Fair Value Disclosures [Abstract]
Schedule of changes in Level 3 contingent consideration liability	The following table presents the changes in Level 3 contingent consideration liability: Del Monte Allen Total Balance December 25, 2015 $ 13,792 $ 4,344 $ 18,136 Gain on settlement — (1,684 ) (1,684 ) Reclassification from Level 3 — (2,660 ) (2,660 ) Changes in fair value (131 ) — (131 ) Balance June 24, 2016 $ 13,661 $ — $ 13,661
Schedule of carrying value and fair value of the company's convertible subordinated notes	The following table presents the carrying value and fair value of the Company’s convertible subordinated notes. June 24, 2016 December 25, 2015 Carrying Fair Carrying Fair Convertible Secured Notes $ 36,750 $ 33,024 $ 36,750 $ 34,300

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
	Jun. 24, 2016
Business Combinations [Abstract]
Schedule of assets acquired and liabilities assumed	Del Monte Current assets (includes cash acquired) $ 31,509 Customer Relationships 62,246 Trademarks 29,261 Goodwill 76,892 Fixed assets 5,652 Other assets 137 Earn-out liability (13,139 ) Deferred tax liability (361 ) Convertible subordinated notes (36,750 ) Issuance of common shares (24,689 ) Current liabilities (8,123 ) Cash purchase price $ 122,635

Equipment and Leasehold Impro23

Equipment and Leasehold Improvements (Tables)	6 Months Ended
	Jun. 24, 2016
Property, Plant and Equipment [Abstract]
Schedule of equipment and leasehold improvements	Equipment and leasehold improvements consisted of the following: As of Useful Lives June 24, 2016 December 25, 2015 Land Indefinite $ 1,571 $ 1,571 Buildings 20 years 2,802 2,740 Machinery and equipment 5-10 years 12,527 10,739 Computers, data processing and other equipment 3-7 years 8,317 7,598 Leasehold improvements 7-22 years 44,094 41,653 Furniture and fixtures 7 years 2,356 1,488 Vehicles 5-7 years 2,072 2,077 Other 7 years 95 95 Construction-in-process 8,088 8,884 81,922 76,845 Less: accumulated depreciation and amortization (24,764 ) (22,562 ) Equipment and leasehold improvements, net $ 57,158 $ 54,283

Goodwill and Other Intangible24

Goodwill and Other Intangible Assets (Tables)	6 Months Ended
	Jun. 24, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of goodwill	The changes in the carrying amount of goodwill are presented as follows: Carrying amount as of December 25, 2015 $ 155,816 Goodwill decreases (614 ) Foreign currency translation 61 Carrying amount as of June 24, 2016 $ 155,263
Schedule of other intangible assets	Other intangible assets consisted of the following at June 24, 2016 and December 25, 2015: Gross Accumulated Net Amount June 24, 2016: Customer relationships $ 94,189 (16,256 ) $ 77,933 Non-compete agreements 7,166 (4,900 ) 2,266 Trademarks 52,616 (6,035 ) 46,581 Total $ 153,971 (27,191 ) $ 126,780 December 25, 2015: Customer relationships $ 94,097 (12,755 ) $ 81,342 Non-compete agreements 7,166 (4,213 ) 2,953 Trademarks 52,549 (4,633 ) 47,916 Total $ 153,812 (21,601 ) $ 132,211
Schedule of estimated future amortization expense	Estimated amortization expense for other intangibles for the fiscal year ending December 30, 2016 and each of the next four fiscal years and thereafter is as follows: 2016 $ 10,791 2017 10,756 2018 9,617 2019 9,340 2020 9,067 Thereafter 82,640 Total $ 132,211

Debt Obligations (Tables)

Debt Obligations (Tables)	6 Months Ended
	Jun. 24, 2016
Debt Disclosure [Abstract]
Schedule of debt obligations	Debt obligations as of June 24, 2016 and December 25, 2015 consisted of the following: June 24, December 25, Senior secured term loan $ 305,000 $ — Convertible subordinated notes 36,750 36,750 New Markets Tax Credit loan 11,000 11,000 Capital leases and financed software 3,169 3,961 Senior secured notes — 125,000 Revolving credit facility — 93,382 Term loan — 4,681 Deferred finance fees and original issue discount (10,010 ) (2,537 ) Total debt obligations 345,909 272,237 Less: current installments (13,285 ) (6,030 ) Total debt obligations excluding current installments $ 332,624 $ 266,207

Operations and Basis of Prese26

Operations and Basis of Presentation (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 24, 2016	Jun. 26, 2015	Jun. 24, 2016	Jun. 26, 2015
Net sales	$ 291,209	$ 280,851	$ 552,045	$ 477,623
Cost of sales	219,406	209,137	414,284	356,152
Gross profit	71,803	71,714	137,761	121,471
Operating expenses	$ 60,615	62,381	$ 121,213	108,997
Previously Reported [Member]
Net sales		282,882		481,758
Cost of sales		211,074		359,610
Gross profit		71,808		122,148
Operating expenses		62,475		109,674
Income Statement Reclassifications [Member]
Net sales		(2,031)		(4,135)
Cost of sales		(1,937)		(3,458)
Gross profit		(94)		(677)
Operating expenses		$ (94)		$ (677)

Operations and Basis of Prese27

Operations and Basis of Presentation (Details 1) - USD ($) $ in Thousands	Jun. 24, 2016	Dec. 25, 2015
Other Assets	$ 3,443	$ 3,089
Total assets	635,583	583,681
Current portion of long-term debt	13,285	6,030
Total current liabilities	95,130	102,908
Long-term debt	332,624	266,207
Total liabilities	453,028	395,717
Total liabilities and stockholders' equity	$ 635,583	583,681
Previously Reported [Member]
Other Assets		5,626
Total assets		586,218
Current portion of long-term debt		6,266
Total current liabilities		103,144
Long-term debt		268,508
Total liabilities		398,254
Total liabilities and stockholders' equity		586,218
Simplifying the Presentation of Debt Issuance Costs [Member]
Other Assets		(2,537)
Total assets		(2,537)
Current portion of long-term debt		(236)
Total current liabilities		(236)
Long-term debt		(2,301)
Total liabilities		(2,537)
Total liabilities and stockholders' equity		$ (2,537)

(Loss) Earnings Per Share (Deta

(Loss) Earnings Per Share (Details Narrative) - shares	3 Months Ended	6 Months Ended
	Jun. 24, 2016	Jun. 24, 2016	Jun. 26, 2015
Unvested Common Shares [RSAs] [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares	317,330	317,330	45,106
Convertible Notes [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares	1,237,374	1,237,374

(Loss) Earnings Per Share (De29

(Loss) Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 24, 2016	Jun. 26, 2015	Jun. 24, 2016	Jun. 26, 2015
Net income per share:
Basic (in dollars per share)	$ (0.33)	$ 0.13	$ (0.29)	$ 0.17
Diluted (in dollars per share)	$ (0.33)	$ 0.13	$ (0.29)	$ 0.17
Weighted average common shares:
Basic (in shares)	25,912,686	25,726,851	25,898,368	25,196,704
Diluted (in shares)	25,912,686	26,884,238	25,898,368	25,246,749
Numerator:
Net income	$ (8,455)	$ 3,363	$ (7,462)	$ 4,331
Add effect of dilutive securities
Interest on convertible notes, net of tax		132
Adjusted net income	$ (8,455)	$ 3,495	$ (7,462)	$ 4,331
Denominator:
Weighted average basic common shares outstanding (in shares)	25,912,686	25,726,851	25,898,368	25,196,704
Dilutive effect of unvested common shares (in shares)		42,390		50,045
Dilutive effect of convertible notes		1,114,997
Weighted average diluted common shares outstanding (in shares)	25,912,686	26,884,238	25,898,368	25,246,749

Fair Value Measurements; Fair30

Fair Value Measurements; Fair Value of Financial Instruments (Details Narrative) $ in Thousands	Jun. 24, 2016USD ($)
Del Monte [Member] | Fair Value Inputs Level 3 [Member]
Contingent earn-out liabilities, fair value	$ 13,661

Fair Value Measurements; Fair31

Fair Value Measurements; Fair Value of Financial Instruments (Details) - Fair Value Inputs Level 3 [Member] $ in Thousands	6 Months Ended
	Jun. 24, 2016USD ($)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning	$ 18,136
Gain on settlement	(1,684)
Reclassification from Level 3	(2,660)
Changes in fair value	(131)
Balance at ending	13,661
Del Monte [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning	13,792
Changes in fair value	(131)
Balance at ending	13,661
Allen Brothers, Inc And Subsidiaries [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning	4,344
Gain on settlement	(1,684)
Reclassification from Level 3	$ (2,660)

Fair Value Measurements; Fair32

Fair Value Measurements; Fair Value of Financial Instruments (Details 1) - Fair Value Inputs Level 3 [Member] - USD ($) $ in Thousands	Jun. 24, 2016	Dec. 25, 2015
Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Convertible Secured Notes	$ 36,750	$ 36,750
Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Convertible Secured Notes	$ 33,024	$ 34,300

Acquisitions (Details Narrative

Acquisitions (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	Apr. 06, 2015	Jul. 31, 2016	Jun. 24, 2016	Jun. 26, 2015	Jun. 24, 2016	Jun. 26, 2015	Dec. 25, 2015
Net sales			$ 291,209	$ 280,851	$ 552,045	$ 477,623
(Loss) income before income taxes			(14,479)	5,759	(12,778)	7,412
Amortization of intangibles			2,784	$ 3,244	$ 5,567	$ 4,589
Del Monte [Member]
Effective acquisition date					Apr. 6, 2015
Aggregate purchase price	$ 184,074
Initial purchase price cash on-hand	123,893
Portion purchase price additional senior secured notes and additional borrowings	61,439
Number of common stock issued for acquisition					1,100,000
Value of common stock issued for acquisition	24,689
Additional contingent consideration	24,500
Description of payment for contingent consideration arrangements					The payment of the earn-out liability is subject to certain conditions, including the successful achievement of Adjusted EBITDA targets for the Del Monte entities and improvements in certain operating metrics for the Company’s existing protein business and the business of any protein companies subsequently acquired by the Company over the six years following the closing of the Del Monte acquisition.
Fair value of contingent consideration	13,139		13,661		$ 13,661
Professional fees							$ 1,546
Operating expenses							$ 3,000
Net sales			56,542		108,671
(Loss) income before income taxes			56,542		108,671
Amortization of intangibles			$ 3,056		$ 7,131
Del Monte [Member] | Customer Lists [Member]
Weighted average useful life					15 years
Del Monte [Member] | Trademarks [Member]
Weighted average useful life					20 years
Del Monte [Member] | Goodwill [Member]
Weighted average useful life					15 years
Del Monte [Member] | Convertible Subordinated Notes [Member]
Aggregate principal amounts	$ 36,750
Maturity period	6 years
Stated interest rate	2.50%
Conversion price (in dollars per share)	$ 29.70
Del Monte [Member] | Subsequent Event [Member]
Amounts released out of escrow		$ 1,258

Acquisitions (Details)

Acquisitions (Details) - USD ($) $ in Thousands	Apr. 06, 2015	Jun. 24, 2016	Dec. 25, 2015
Goodwill		$ 155,263	$ 155,816
Del Monte [Member]
Current assets (includes cash acquired)	$ 31,509
Goodwill	76,892
Fixed assets	5,652
Other assets	137
Earn-out liability	(13,139)
Deferred tax liability	(361)
Convertible subordinated notes	(36,750)
Issuance of common shares	(24,689)
Current liabilities	(7,841)
Cash purchase price	122,635
Del Monte [Member] | Customer Relationships [Member]
Other intangibles	62,246
Del Monte [Member] | Trademarks [Member]
Other intangibles	$ 29,261

Inventory (Details Narrative)

Inventory (Details Narrative) - USD ($) $ in Thousands	Jun. 24, 2016	Dec. 25, 2015
Inventory Disclosure [Abstract]
Reserves for shrinkage and obsolescence	$ 1,732	$ 1,956

Equipment and Leasehold Impro36

Equipment and Leasehold Improvements (Details Narrative) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 24, 2016	Jun. 24, 2016	Jun. 26, 2015	Jun. 24, 2016	Jun. 26, 2015	Dec. 25, 2015
Property, Plant and Equipment [Line Items]
Depreciation		$ 1,332	$ 1,419	$ 2,176	$ 2,025
Accumulated depreciation and amortization	$ 24,764	24,764		24,764		$ 22,562
Interest expense		25,667	3,574	29,323	5,411
Capitalized interest expense		0	252	0	739
Assets Held Under Capital Leases [Member]
Property, Plant and Equipment [Line Items]
Assets financed by capital lease	506	506		506		506
Depreciation				43	48
Computer Software Intangible Asset [Member]
Property, Plant and Equipment [Line Items]
Depreciation	264		$ 380	718	$ 521
Accumulated depreciation and amortization	$ 4,469	$ 4,469		$ 4,469		$ 3,751

Equipment and Leasehold Impro37

Equipment and Leasehold Improvements (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 24, 2016	Dec. 25, 2015
Equipment and leasehold improvements, gross	$ 81,922	$ 76,845
Less: accumulated depreciation and amortization	(24,764)	(22,562)
Equipment and leasehold improvements, net	57,158	54,283
Land [Member]
Equipment and leasehold improvements, gross	$ 1,571	1,571
Buildings [Member]
Useful Lives	20 years
Equipment and leasehold improvements, gross	$ 2,802	2,740
Machinery and equipment [Member]
Equipment and leasehold improvements, gross	$ 12,527	10,739
Machinery and equipment [Member] | Minimum [Member]
Useful Lives	5 years
Machinery and equipment [Member] | Maximum [Member]
Useful Lives	10 years
Computers, data processing and other equipment [Member]
Equipment and leasehold improvements, gross	$ 8,317	7,598
Computers, data processing and other equipment [Member] | Minimum [Member]
Useful Lives	3 years
Computers, data processing and other equipment [Member] | Maximum [Member]
Useful Lives	7 years
Leasehold improvements [Member]
Equipment and leasehold improvements, gross	$ 44,094	41,653
Leasehold improvements [Member] | Minimum [Member]
Useful Lives	7 years
Leasehold improvements [Member] | Maximum [Member]
Useful Lives	22 years
Furniture and fixtures [Member]
Useful Lives	7 years
Equipment and leasehold improvements, gross	$ 2,356	1,488
Vehicles [Member]
Equipment and leasehold improvements, gross	$ 2,072	2,077
Vehicles [Member] | Minimum [Member]
Useful Lives	5 years
Vehicles [Member] | Maximum [Member]
Useful Lives	7 years
Other [Member]
Useful Lives	7 years
Equipment and leasehold improvements, gross	$ 95	95
Construction-in-process [Member]
Equipment and leasehold improvements, gross	$ 8,088	$ 8,884

Goodwill and Other Intangible38

Goodwill and Other Intangible Assets (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 24, 2016	Jun. 26, 2015	Jun. 24, 2016	Jun. 26, 2015
Amortization expense	$ 2,784	$ 3,244	$ 5,567	$ 4,589
Customer Relationships [Member] | Minimum [Member]
Useful life			4 years
Customer Relationships [Member] | Maximum [Member]
Useful life			20 years
Trademarks [Member] | Minimum [Member]
Useful life			1 year
Trademarks [Member] | Maximum [Member]
Useful life			40 years
Non-compete Agreements [Member] | Minimum [Member]
Useful life			2 years
Non-compete Agreements [Member] | Maximum [Member]
Useful life			6 years

Goodwill and Other Intangible39

Goodwill and Other Intangible Assets (Details) $ in Thousands	6 Months Ended
	Jun. 24, 2016USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 155,816
Goodwill decreases	(614)
Foreign currency translation	61
Ending balance	$ 155,263

Goodwill and Other Intangible40

Goodwill and Other Intangible Assets (Details 1) - USD ($) $ in Thousands	Jun. 24, 2016	Dec. 25, 2015
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 153,971	$ 153,812
Accumulated Amortization	(27,191)	(21,601)
Net Amount	126,780	132,211
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	94,189	94,097
Accumulated Amortization	(16,256)	(12,755)
Net Amount	77,933	81,342
Non-compete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	7,166	7,166
Accumulated Amortization	(4,900)	(4,213)
Net Amount	2,266	2,953
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	52,616	52,549
Accumulated Amortization	(6,035)	(4,633)
Net Amount	$ 46,581	$ 47,916

Goodwill and Other Intangible41

Goodwill and Other Intangible Assets (Details 2) $ in Thousands	Jun. 24, 2016USD ($)
Estimated amortization in fiscal year:
2,016	$ 10,791
2,017	10,756
2,018	9,617
2,019	9,340
2,020	9,067
Thereafter	82,640
Total	$ 132,211

Debt Obligations (Details Narra

Debt Obligations (Details Narrative) - USD ($) $ in Thousands	Jun. 22, 2016	Apr. 30, 2023	Oct. 31, 2020	Apr. 30, 2018	Jun. 24, 2016	Jun. 26, 2015
Debt Instrument [Line Items]
Repayments of debt from refinancing					$ (130,474)	$ (5,448)
Cash paid for debt extinguishment					(21,219)
Loss on extinguishment of debt					$ (22,310)
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Repayments of debt from refinancing	$ 96,400
Debt maturity date	Apr. 30, 2017
Term Loan [Member]
Debt Instrument [Line Items]
Repayments of debt from refinancing	$ 1,681
Debt maturity date	Apr. 30, 2017
Senior Secured Notes [Member]
Debt Instrument [Line Items]
Repayments of debt from refinancing	$ 125,000
Debt payments due		$ 50,000	$ 25,000	$ 50,000
Cash paid for debt extinguishment	21,144
Deferred financing fees written off	$ 1,091
Senior Secured Term Loan [Member]
Debt Instrument [Line Items]
Debt maturity date	Jun. 22, 2022
Facility borrowing capacity	$ 305,000
Quarterly amortization payments due	0.25%
Debt interest rate					5.80%
DDTL [Member]
Debt Instrument [Line Items]
Facility borrowing capacity	$ 50,000
Facility covenants	Subject to the Company's consolidated Total Leverage Ration not exceeding 4.90:1.00
Commitment fee	50% of the interest rate
ABL Credit Agreement [Member]
Debt Instrument [Line Items]
Debt maturity date	Jun. 22, 2021
Facility borrowing capacity	$ 75,000
Facility covenants	Compliance with a minimum consolidated fixed charge coverage ratio of 1:1
Facility borrowing capacity description	The co-borrowers under the ABL Facility are entitled on one or more occassions, subject to the satisfaction of certain conditions, to request an increase in the commitments under the ABL Facility in an aggregate principal amount of up to $25,000.
Amounts reserved for issuance of letters of credit					$ 7,045
Available borrowing capacity					$ 67,955

Debt Obligations (Details)

Debt Obligations (Details) - USD ($) $ in Thousands	Jun. 24, 2016	Dec. 25, 2015
Debt Instrument [Line Items]
Total debt obligations	$ 345,909	$ 272,237
Deferred finance fees	(10,010)	(2,537)
Less: current installments	(13,285)	(6,030)
Total debt obligations excluding current installments	332,624	266,207
Senior Secured Term Loan [Member]
Debt Instrument [Line Items]
Total debt obligations	305,000
Convertible Subordinated Notes [Member]
Debt Instrument [Line Items]
Total debt obligations	36,750	36,750
New Markets Tax Credit Loan [Member]
Debt Instrument [Line Items]
Total debt obligations	11,000	11,000
Capital Leases And Financed Software [Member]
Debt Instrument [Line Items]
Total debt obligations	$ 3,169	3,961
Senior Secured Notes [Member]
Debt Instrument [Line Items]
Total debt obligations		125,000
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Total debt obligations		93,382
Term Loan [Member]
Debt Instrument [Line Items]
Total debt obligations		$ 4,681

Stockholders' Equity (Details N

Stockholders' Equity (Details Narrative) - Omnibus Equity Incentive Plan 2011 [Member] $ / shares in Units, $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 24, 2016USD ($)shares	Jun. 24, 2016USD ($)$ / sharesshares
Number of shares available for grant	630,809	630,809
Restricted Stock Awards [Member]
Number of shares granted		147,972
Weighted average grant date fair value of RSAs (in dollars per share) | $ / shares		$ 19.46
Description of vesting term		These awards are a mix of time and performance based grants which will vest over periods of two to four years.
Recognized expense | $	$ 192	$ 247
Prior period recognized expense | $	$ 400	$ 851
Number of nonvested shares outstanding	317,330	317,330
Total unrecognized compensation cost | $	$ 5,296	$ 5,296
Weighted average remaining term		19 months
Non-Qualified Stock Options [Member]
Description of vesting term		These awards vest over a period of three years and require the Company’s stock to trade at or above $30 per share for 20 consecutive days within four years of issuance to meet the market condition threshold.
Recognized expense | $	$ 216	$ 272
Number of options granted		259,577
Weighted average grant date fair value of Options (in dollars per share) | $ / shares		$ 9.44
Time-Based Restricted Share [Member]
Number of nonvested shares outstanding	3,947	3,947
Weighted average remaining term		18 months
Performance-Based Restricted Share [Member]
Number of nonvested shares outstanding	1,349	1,349
Weighted average remaining term		26 months

Related Parties (Details Narrat

Related Parties (Details Narrative) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 24, 2016USD ($)N	Jun. 26, 2015USD ($)	Jun. 24, 2016USD ($)N	Jun. 26, 2015USD ($)
Related Party Transaction [Line Items]
Ownership interest in facilities owned by entities controlled by company's stockholders			100.00%
Number of warehouses leased from related parties | N	2		2
Expenses related to warehouse facilities	$ 133	$ 457	$ 350	$ 914
Architexture Studios, Inc. [Member]
Related Party Transaction [Line Items]
Purchase of products	139	158	268	416
ConAgra Foods [Member]
Related Party Transaction [Line Items]
Purchase of products	184		230
TJ Management Co. LLC [Member] | Warehouse 1 [Member]
Related Party Transaction [Line Items]
Expenses related to warehouse facilities	52	53	105	52
TJ Management Co. LLC [Member] | Warehouse 2 [Member]
Related Party Transaction [Line Items]
Expenses related to warehouse facilities	56	57	112	56
C. Pappas, J. Pappas, D. Facatselis [Member] | Restaurant Company [Member]
Related Party Transaction [Line Items]
Revenue from related parties	$ 29	32	$ 56	59
Equity interest in related parties	8.33%		8.33%
C. Pappas, J. Couri and S. Hanson [Member] | Interest in Aircraft [Member]
Related Party Transaction [Line Items]
Equity interest in related parties	50.00%		50.00%
Aircraft rental expenses	$ 0	74	$ 0	106
John DeBenedetti [Member] | TJ Management Co. LLC [Member]
Related Party Transaction [Line Items]
Equity interest in related parties	50.00%		50.00%
Theresa Lincoln [Member] | TJ Management Co. LLC [Member]
Related Party Transaction [Line Items]
Expenses related to warehouse facilities			$ 56
Equity interest in related parties	50.00%		50.00%
J. DeBenedetti and T. Lincoln [Member] | Old World Provisions [Member]
Related Party Transaction [Line Items]
Equity interest in related parties	16.67%		16.67%
Purchase of products	$ 189	$ 233	$ 337	$ 233

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative) $ in Thousands	Jun. 24, 2016USD ($)
TCW Leasing Co LLC [Member]
Potential obligation under gurantee	$ 5,498

Subsequent Event (Details Narra

Subsequent Event (Details Narrative) - USD ($) $ in Thousands	Jul. 08, 2016	Jun. 27, 2016	Apr. 06, 2015	Jul. 31, 2016	Jun. 24, 2016	Jun. 24, 2016
Del Monte [Member]
Effective acquisition date						Apr. 6, 2015
Cash paid to acquire entity			$ 122,635
Allen Brothers, Inc And Subsidiaries [Member]
Gain on settlement of earn-out					$ 1,684
Subsequent Event [Member] | MT Foodservice [Member]
Effective acquisition date		Jun. 27, 2016
Aggregate purchase price		$ 21,500
Cash paid to acquire entity		21,000
Subsequent Event [Member] | MT Foodservice [Member] | Performance Metric [Member]
Amount payable for acquisition		500
Subsequent Event [Member] | MT Foodservice [Member] | Acquisition Payment [Member]
Amount payable for acquisition		$ 500
Subsequent Event [Member] | Del Monte [Member]
Amounts released out of escrow				$ 1,258
Subsequent Event [Member] | Allen Brothers, Inc And Subsidiaries [Member]
Payment of earn-out agreement	$ (2,660)