The Chefs' Warehouse, Inc. (CHEF) 10-Q 8 Nov 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 29, 2017	Nov. 06, 2017
Document And Entity Information
Entity Registrant Name	Chefs' Warehouse, Inc.
Entity Central Index Key	1,517,175
Document Type	10-Q
Trading Symbol	CHEF
Document Period End Date	Sep. 29, 2017
Amendment Flag	false
Current Fiscal Year End Date	--12-29
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		26,564,078
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2,017

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 29, 2017	Dec. 30, 2016
Current assets:
Cash and cash equivalents	$ 4,071	$ 32,862
Accounts receivable, net of allowance of $7,950 in 2017 and $6,091 in 2016	135,398	128,030
Inventories, net	109,862	87,498
Prepaid expenses and other current assets	11,564	16,101
Total current assets	260,895	264,491
Equipment and leasehold improvements, net	69,041	62,183
Software costs, net	5,114	5,927
Goodwill	172,943	163,784
Intangible assets, net	143,533	131,131
Other assets	3,024	6,022
Total assets	654,550	633,538
Current liabilities:
Accounts payable	83,067	65,514
Accrued liabilities	16,871	17,546
Accrued compensation	11,156	9,519
Current portion of long-term debt	4,224	14,795
Total current liabilities	115,318	107,374
Long-term debt, net of current portion	315,115	317,725
Deferred taxes, net	9,113	6,958
Other liabilities and deferred credits	10,528	7,721
Total liabilities	450,074	439,778
Commitments and contingencies	0	0
Stockholders’ equity:
Preferred Stock, $0.01 par value, 5,000,000 shares authorized, no shares issued and outstanding September 29, 2017 and December 30, 2016	0	0
Common Stock, $0.01 par value, 100,000,000 shares authorized, 26,564,168 and 26,280,469 shares issued and outstanding at September 29, 2017 and December 30, 2016, respectively	266	263
Additional paid-in capital	132,405	127,180
Accumulated other comprehensive loss	(1,581)	(2,186)
Retained earnings	73,386	68,503
Stockholders’ equity	204,476	193,760
Total liabilities and stockholders’ equity	$ 654,550	$ 633,538

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 29, 2017	Dec. 30, 2016
Statement of Financial Position [Abstract]
Allowance for accounts receivable	$ 7,950	$ 6,091
Preferred Stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred Stock, authorized (in shares)	5,000,000	5,000,000
Preferred Stock, issued (in shares)	0	0
Preferred Stock, outstanding (in shares)	0	0
Common Stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common Stock, authorized (in shares)	100,000,000	100,000,000
Common Stock, issued (in shares)	26,564,168	26,280,469
Common Stock, outstanding (in shares)	26,564,168	26,280,469

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2017	Sep. 23, 2016	Sep. 29, 2017	Sep. 23, 2016
Income Statement [Abstract]
Net sales	$ 325,076	$ 297,917	$ 944,422	$ 849,962
Cost of sales	244,171	223,525	707,017	637,809
Gross profit	80,905	74,392	237,405	212,153
Operating expenses	70,411	66,106	211,627	187,318
Operating income	10,494	8,286	25,778	24,835
Interest expense	5,593	5,947	17,406	35,271
Loss on asset disposal	10	40	10	43
Income before income taxes	4,891	2,299	8,362	(10,479)
Provision for income tax expense	2,040	956	3,479	(4,360)
Net income	2,851	1,343	4,883	(6,119)
Other comprehensive income (loss):
Foreign currency translation adjustments	369	(72)	605	1,034
Comprehensive income	$ 3,220	$ 1,271	$ 5,488	$ (5,085)
Net income per share:
Basic (in dollars per share)	$ 0.11	$ 0.05	$ 0.19	$ (0.24)
Diluted (in dollars per share)	$ 0.11	$ 0.05	$ 0.19	$ (0.24)
Weighted average common shares outstanding:
Basic (in shares)	26,092,387	25,936,832	26,011,913	25,911,278
Diluted (in shares)	27,387,619	25,977,171	26,063,655	25,911,278

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 29, 2017	Sep. 23, 2016
Cash flows from operating activities:
Net income (loss)	$ 4,883	$ (6,119)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation	6,322	4,966
Amortization	8,712	8,704
Provision for allowance for doubtful accounts	2,841	2,674
Deferred rent	254	1,340
Deferred taxes	1,755	1,169
Amortization of deferred financing fees	1,574	1,209
Loss on debt extinguishment	0	22,310
Stock compensation	2,384	1,909
Change in fair value of contingent earn-out liability	72	(1,601)
Loss on sale of assets	10	43
Changes in assets and liabilities, net of acquisitions:
Accounts receivable	(5,760)	4,627
Inventories	(19,731)	5,638
Prepaid expenses and other current assets	1,668	(15,612)
Accounts payable, accrued liabilities and accrued compensation	20,430	(8,424)
Other liabilities	(1,997)	(1,186)
Other assets	(214)	(439)
Net cash provided by operating activities	23,203	21,208
Cash flows from investing activities:
Capital expenditures	(9,860)	(11,532)
Cash paid for acquisitions, net of cash received	(29,722)	(19,742)
Net cash used in investing activities	(39,582)	(31,274)
Cash flows from financing activities:
Payment of debt	(11,641)	(156,655)
Proceeds from issuance of debt	0	315,810
Debt prepayment penalty and other fees	0	(21,219)
Cash paid for deferred financing fees	0	(7,691)
Surrender of shares to pay withholding taxes	(455)	(552)
Cash paid for contingent earn-out liability	(500)	(2,660)
Borrowings under revolving credit facility	0	33,200
Payments under revolving credit facility	0	(126,582)
Net cash (used in) provided by financing activities	(12,596)	33,651
Effect of foreign currency translation on cash and cash equivalents	184	152
Net (decrease) increase in cash and cash equivalents	(28,791)	23,737
Cash and cash equivalents-beginning of period	32,862	2,454
Cash and cash equivalents-end of period	$ 4,071	$ 26,191

Operations and Basis of Present

Operations and Basis of Presentation	9 Months Ended
	Sep. 29, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Operations and Basis of Presentation	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. The fiscal year ended December 30, 2016 consisted of 53 weeks. The Company operates in one reportable segment, food product distribution, which is concentrated primarily on the East and West Coasts of the United States. The Company’s customer base consists primarily of menu-driven independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools, bakeries, patisseries, chocolatiers, cruise lines, casinos and specialty food stores. 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 consolidated financial statements and the related interim information contained within the notes to such unaudited 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 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 30, 2016 filed as part of the Company’s Annual Report on Form 10-K, as filed with the SEC on March 10, 2017 . The unaudited 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 10, 2017 , 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 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 thirty-nine weeks ended September 29, 2017 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.

Recently Issued Accounting Pron

Recently Issued Accounting Pronouncements	9 Months Ended
	Sep. 29, 2017
Accounting Changes and Error Corrections [Abstract]
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements Guidance Adopted in 2017 Subsequent Measurement of Inventory: In July 2015, the Financial Accounting Standards Board (“FASB”) issued guidance to simplify the subsequent measurement of inventory. This guidance requires that inventory be measured at the lower of cost or net realizable value. The Company adopted this guidance prospectively. Adoption of this guidance did not impact the Company's consolidated financial statements. Improvements to Employee Share-Based Payment Accounting: In March 2016, the FASB issued guidance to simplify the accounting for employee share-based payments. The main provisions are to recognize excess tax benefits in the income statement rather than to additional paid-in capital, allow an entity to account for forfeitures as they occur, allow an entity to withhold employee shares up to the individual's maximum statutory tax rate without triggering liability classification of the award, present excess tax benefits as an operating cash flow and to present cash payments for employee tax withholding on vested stock awards as a financing cash flow. The guidance also requires that any unrecognized tax benefits that were not previously recognized be recorded through a cumulative-effect adjustment to retained earnings in the period in which the guidance is adopted. Upon adoption, the Company made an accounting policy election to account for forfeitures as they occur and there were no unrecognized tax benefits. Adoption of this guidance did not have a material impact on the Company's consolidated financial statements. Restricted Cash: In November 2016, the FASB issued guidance which includes guidance to clarify how companies present and classify restricted cash or restricted cash equivalents in the statement of cash flows. The guidance requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents and amounts generally described as restricted cash or restricted cash equivalents. Adoption of this guidance did not impact the consolidated financial statements as the Company does not have restricted cash. Simplifying the Test for Goodwill Impairment: In January 2017, the FASB issued guidance which simplifies goodwill impairment testing by removing Step 2 from the goodwill impairment test which required companies to assign the fair value of a reporting unit to its underlying assets and liabilities. Instead, an entity should recognize an impairment charge for the amount by which the carry amount of a reporting unit exceeds its fair value. Adoption of this guidance did not impact the Company's consolidated financial statements. Scope of Modification Accounting: In May 2017, the FASB issued guidance which clarifies when to account for a change to the terms or conditions of a share-based payment award as a modification. Under the new guidance, modification accounting is required only if the fair value, the vesting conditions, or the classification of the award (as equity or liability) changes as a result of the change in terms or conditions. Adoption of this guidance did not impact the consolidated financial statements as the Company did not have any share-based payment award modifications. Guidance Not Yet Adopted In May 2014, the 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 is permitted but not before the original effective date (annual periods beginning after December 15, 2016). The Company has performed a preliminary analysis on the impact this guidance has on its customer contracts, sales incentive programs, gift card programs, information systems, business processes, and financial statement disclosures. The analysis will be finalized during the fourth quarter. The new revenue recognition model provides guidance on the identification of multiple performance obligations embedded within customer contracts. Based on the preliminary analysis, the Company's customer contracts appear to include one performance obligation which is satisfied once each product is delivered to the customer. Thus revenues will be recognized at a point in time. Under the new standard such performance obligations are satisfied at the point at which the Company transfers control to the customer. This is consistent with the Company's current practice of recognizing revenue upon delivery to the customer, with the exception of the Company's current practice of recognizing revenue at shipping point on direct-to-consumer sales. The Company is in the process of quantifying the impact that the change in revenue recognition timing of its direct-to-consumer sales will have on its financial statements. The new standard includes the concept of variable consideration and requires companies to include variable consideration in the transaction price to the extent it is probable that there will not be a significant reversal in the amount of cumulative revenue recognized when the uncertainty is resolved. Although the Company's sales incentive programs fall under the scope of this new guidance, it is not expected to have a significant impact on the amount or timing of revenue recognition. The new standard addresses current diversity in practice in regards to the derecognition of unredeemed gift card liabilities that are not subject to unclaimed property laws. The new guidance requires companies to recognize revenue on such liabilities through breakage or when the likelihood of customer redemption becomes remote. This is consistent with the Company's existing method of recognizing breakage revenue on these liabilities. The Company expects to adopt this guidance when effective using the modified retrospective approach. Under this approach, prior financial statements would not be restated and a cumulative effect adjustment, if any, will be recorded as an adjustment to retained earnings. Adoption will result in expanded disclosures on revenue recognition policies, disaggregated revenues and contract liabilities. In February 2016, the FASB issued guidance to increase the transparency and comparability among organizations by recognizing right-of-use 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. The Company expects to adopt this guidance when effective and is in the early stages of implementation. Adoption will have a material impact on the Company's consolidated financial statements, primarily to the consolidated balance sheets and related disclosures. In January 2017, the FASB issued guidance which clarifies whether transactions should be accounted for as acquisitions of assets or businesses. The guidance requires an entity to determine if substantially all of the fair value of the assets acquired is concentrated in a single identifiable asset or a group of similar identifiable assets. If this criterion is met, the new guidance would define this as an asset acquisition. Furthermore, the guidance requires a business to include, at a minimum, an input and substantive process that together significantly contribute to the ability to create outputs. The guidance is effective for fiscal years beginning after December 15, 2017. The Company expects to adopt this guidance when effective and adoption is not expected to have a material effect on its financial statements.

Earnings (Loss) Per Share

Earnings (Loss) Per Share	9 Months Ended
	Sep. 29, 2017
Earnings Per Share [Abstract]
Earnings (Loss) Per Share	Earnings (Loss) Per Share The following table sets forth the computation of basic and diluted net income (loss) per share: Thirteen Weeks Ended Thirty-nine Weeks Ended September 29, 2017 September 23, 2016 September 29, 2017 September 23, 2016 Net income (loss) per share: Basic $ 0.11 $ 0.05 $ 0.19 $ (0.24 ) Diluted $ 0.11 $ 0.05 $ 0.19 $ (0.24 ) Weighted average common shares: Basic 26,092,387 25,936,832 26,011,913 25,911,278 Diluted 27,387,619 25,977,171 26,063,655 25,911,278 Reconciliation of net income (loss) per common share: Thirteen Weeks Ended Thirty-nine Weeks Ended September 29, 2017 September 23, 2016 September 29, 2017 September 23, 2016 Numerator: Net income (loss) $ 2,851 $ 1,343 $ 4,883 $ (6,119 ) Add effect of dilutive securities: Interest on convertible notes, net of tax 134 — — — Adjusted net income (loss) $ 2,985 $ 1,343 $ 4,883 $ (6,119 ) Denominator: Weighted average basic common shares outstanding 26,092,387 25,936,832 26,011,913 25,911,278 Dilutive effect of unvested common shares 57,858 40,339 51,742 — Dilutive effect of convertible notes 1,237,374 — — — Weighted average diluted common shares outstanding 27,387,619 25,977,171 26,063,655 25,911,278 Potentially dilutive securities that have been excluded from the calculation of diluted net income (loss) per common share because the effect is anti-dilutive: Thirteen Weeks Ended Thirty-nine Weeks Ended September 29, 2017 September 23, 2016 September 29, 2017 September 23, 2016 Restricted Share Awards (RSAs) 104,053 158,539 134,139 309,922 Stock options 201,878 209,071 203,617 209,071 Convertible subordinated notes — 1,237,374 1,237,374 1,237,374

Fair Value Measurements; Fair V

Fair Value Measurements; Fair Value of Financial Instruments	9 Months Ended
	Sep. 29, 2017
Fair Value Disclosures [Abstract]
Fair Value Measurements; Fair Value of Financial Instruments	Fair Value Measurements; Fair Value of Financial Instruments Assets and Liabilities Measured at Fair Value As of September 29, 2017 , the Company’s only assets or liabilities measured at fair value were the contingent earn-out liabilities from the acquisition of Del Monte Capitol Meat Co. and certain related entities (“Del Monte”) and Fells Point Wholesale Meats Inc. (“Fells Point”). These liabilities were estimated using Level 3 inputs and had a fair value of $5,934 and are reflected as other liabilities and deferred credits on the consolidated balance sheets. 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. The following table presents the changes in Level 3 contingent consideration liability: Del Monte MT Food Fells Point Total Balance December 30, 2016 $ 1,362 $ 500 $ — $ 1,862 Acquisition — — 4,500 4,500 Cash payments — (500 ) — (500 ) Changes in fair value 72 — — 72 Balance September 29, 2017 $ 1,434 $ — $ 4,500 $ 5,934 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 nature of these financial instruments. The fair values of the revolving credit facility and term loans approximated their book values as of September 29, 2017 and December 30, 2016 , as these instruments had variable interest rates that reflected current market rates available to the Company. 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 (more fully described in Note 9). 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. September 29, 2017 December 30, 2016 Carrying Value Fair Value Carrying Value Fair Value Convertible Secured Notes $ 36,750 $ 37,632 $ 36,750 $ 35,557

Acquisitions

Acquisitions	9 Months Ended
	Sep. 29, 2017
Business Combinations [Abstract]
Acquisitions	Acquisitions Fells Point On August 25, 2017 , the Company entered into an asset purchase agreement to acquire substantially all of the assets of Fells Point, a specialty protein manufacturer and distributor based in the metro Baltimore and Washington DC area. The aggregate purchase price for the transaction at acquisition date was approximately $33,022 , including the impact of an initial net working capital adjustment which is subject to a post-closing working capital adjustment true up. Approximately $29,722 was paid in cash at closing and the remaining $3,300 consisted of 185,442 shares of the Company's common stock. The Company will also pay additional contingent consideration, if earned, in the form of an earn-out amount which could total approximately $12,000 . The payment of the earn-out liability is subject to the successful achievement of annual Adjusted EBITDA targets for the Fells Point business over a period of four years following closing. At September 29, 2017 and August 25, 2017 , the Company estimated the fair value of this contingent earn-out liability to be $4,500 . The Company is in the process of finalizing a valuation of the tangible and intangible assets of Fells Point as of the acquisition date. These assets will be valued at fair value using Level 3 inputs. Customer lists, trademarks, and non-compete agreements are expected to be amortized over 15 , 20 and 6 years, respectively. Goodwill for the Fells Point acquisition will be amortized over 15 years for tax purposes. The goodwill recorded primarily reflects the value of acquiring an established meat processor to grow the Company's protein business in the Northeast and Mid Atlantic regions, as well as any intangible assets that do not qualify for separate recognition. On August 25, 2017 , the Company entered into a five -year lease for a warehouse facility located in Baltimore, MD that is owned by the former owners of Fells Point, some of whom are current employees. The Company paid rent of $22 during the thirteen weeks ended September 29, 2017 . For the thirty-nine weeks ended September 29, 2017 , the Company reflected net sales and income before taxes of $5,815 and $380 , respectively, for Fells Point in its consolidated statement of operations. The table below presents pro forma consolidated income statement information of the Company for the thirteen and thirty-nine weeks ended September 29, 2017 and September 23, 2016 as if Fells Point acquisition had occurred at the beginning of each year presented. The pro forma results were prepared from financial information obtained from the sellers of the business, as well as information obtained during the due diligence process associated with the acquisition. The pro forma information is not necessarily indicative of the Company’s results of operations had the Fells Point acquisition been completed on the above dates, nor is it necessarily indicative of the Company’s future results. The pro forma information does not reflect any cost savings from operating efficiencies or synergies that could result from the Fells Point acquisition, any incremental costs for Fells Point transitioning to become a public company, and also does not reflect additional revenue opportunities following the acquisition. The pro forma information reflects amortization and depreciation of the Fells Point acquisition at their respective fair values based on available information and the estimated change in the fair value of the earn-out liability due to accretion. Thirteen Weeks Ended Thirty-nine Weeks Ended September 29, 2017 September 23, 2016 September 29, 2017 September 23, 2016 Net sales $ 334,007 $ 307,060 $ 983,722 $ 888,742 Income before income taxes 5,447 2,753 10,084 (8,132 ) MT Food On June 27, 2016 , the Company acquired substantially all of the assets of M.T. Food Service, Inc. (“MT Food”), based in Chicago, Illinois. Founded in the mid 1990's, MT Food was a wholesale distributor of dairy, produce, specialty and grocery items in the metro Chicago area. The aggregate purchase price for the transaction at acquisition date was $22,000 , including an additional $500 payable eighteen months after the closing date and an earn-out of $500 paid during the second quarter of fiscal 2017. The aggregate purchase price paid by the Company was paid through cash-on-hand and the proceeds from a draw down on its delayed draw term loan facility. During the second quarter of 2017, the Company obtained additional information related to the fair value of intangible assets, deferred taxes, inventories, accounts receivable acquired and liabilities owed. As a result, the Company recorded a measurement period adjustment resulting in a net increase in goodwill of $3,418 and a decrease in customer relationships of $ 2,700 . The Company has finalized a valuation of the tangible and intangible assets of MT Food as of the acquisition date. These assets are valued at fair value using Level 3 inputs. Customer relationships are to be amortized over 15 years. Goodwill will be amortized over 15 years for tax purposes. The goodwill recorded primarily reflects the value of acquiring an established distributor to leverage the Company’s existing products and distribution center in the markets served by MT Food, as well as any intangible assets that do not qualify for separate recognition. The table below sets forth the cash purchase price allocation of the Fells Point and MT Food acquisitions: MT Food Fells Point Current assets (includes cash acquired) $ 6,132 $ 6,971 Customer relationships 7,600 14,700 Trademarks — 8,100 Non-compete agreement — 900 Goodwill 11,976 5,687 Fixed assets 261 2,459 Current liabilities (3,969 ) (1,295 ) Earn-out liability (500 ) (4,500 ) Other long-term liabilities (500 ) — Issuance of common shares (3,300 ) Cash purchase price $ 21,000 $ 29,722

Inventory

Inventory	9 Months Ended
	Sep. 29, 2017
Inventory Disclosure [Abstract]
Inventory	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 $1,930 and $2,122 at September 29, 2017 and December 30, 2016 , respectively.

Equipment and Leasehold Improve

Equipment and Leasehold Improvements	9 Months Ended
	Sep. 29, 2017
Property, Plant and Equipment [Abstract]
Equipment and Leasehold Improvements	Equipment and Leasehold Improvements Equipment and leasehold improvements as of September 29, 2017 and December 30, 2016 consisted of the following: Useful Lives September 29, 2017 December 30, 2016 Land Indefinite $ 1,170 $ 1,170 Buildings 20 years 1,292 1,292 Machinery and equipment 5-10 years 15,688 13,404 Computers, data processing and other equipment 3-7 years 9,883 9,367 Leasehold improvements 7-22 years 53,479 47,971 Furniture and fixtures 7 years 3,100 3,011 Vehicles 5-7 years 2,570 2,445 Other 7 years 95 95 Construction-in-process 14,711 11,359 101,988 90,114 Less: accumulated depreciation and amortization (32,947 ) (27,931 ) Equipment and leasehold improvements, net $ 69,041 $ 62,183 Construction-in-process at September 29, 2017 and December 30, 2016 related primarily to the implementation of the Company’s Enterprise Resource Planning (“ERP”) system. The rollout of its ERP system will continue throughout fiscal 2017 and 2018. At September 29, 2017 and December 30, 2016 , the Company had $506 of equipment and vehicles financed by capital leases. The Company recorded depreciation on equipment under capital leases of $15 and $15 on these assets during the thirteen weeks ended September 29, 2017 and September 23, 2016 , respectively, and $45 and $58 during the thirty-nine weeks ended September 29, 2017 and September 23, 2016 , respectively. Depreciation expense, excluding capital leases, was $1,678 and $1,577 for the thirteen weeks ended September 29, 2017 and September 23, 2016 , respectively, and $4,970 and $3,753 during the thirty-nine weeks ended September 29, 2017 and September 23, 2016 , respectively. Capitalized software has an estimated useful life of three to seven years . Amortization expense on software was $402 and $437 for the thirteen weeks ended September 29, 2017 and September 23, 2016 , respectively, and $1,307 and $1,155 during the thirty-nine weeks ended September 29, 2017 and September 23, 2016 , respectively.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	9 Months Ended
	Sep. 29, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets The changes in the carrying amount of goodwill are presented as follows: Carrying amount as of December 30, 2016 $ 163,784 Goodwill adjustments 3,418 Fells Point acquisition 5,687 Foreign currency translation 54 Carrying amount as of September 29, 2017 $ 172,943 The goodwill adjustments relate to the MT Food acquisition (see Note 5). 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 as of September 29, 2017 and December 30, 2016 consisted of the following: September 29, 2017: Gross Carrying Amount Accumulated Amortization Net Amount Customer relationships $ 116,381 $ (25,465 ) $ 90,916 Non-compete agreements 8,066 (6,605 ) 1,461 Trademarks 60,674 (9,518 ) 51,156 Total $ 185,121 $ (41,588 ) $ 143,533 December 30, 2016: Customer relationships $ 104,381 $ (19,981 ) $ 84,400 Non-compete agreements 7,166 (5,587 ) 1,579 Trademarks 52,574 (7,422 ) 45,152 Total $ 164,121 $ (32,990 ) $ 131,131 Amortization expense for other intangibles was $2,981 and $3,137 for the thirteen weeks ended September 29, 2017 and September 23, 2016 , respectively, and $8,712 and $8,704 for the thirty-nine weeks ended September 29, 2017 and September 23, 2016 . Estimated amortization expense for other intangibles for the remainder of the fiscal year ending December 29, 2017 and each of the next five fiscal years and thereafter is as follows: 2017 $ 3,187 2018 11,669 2019 11,392 2020 11,119 2021 11,119 2022 10,391 Thereafter 84,656 Total $ 143,533

Debt Obligations

Debt Obligations	9 Months Ended
	Sep. 29, 2017
Debt Disclosure [Abstract]
Debt Obligations	Debt Obligations Debt obligations as of September 29, 2017 and December 30, 2016 consisted of the following: September 29, 2017 December 30, 2016 Senior secured term loan $ 289,229 $ 291,613 Convertible subordinated notes 36,750 36,750 New Markets Tax Credit loan — 11,000 Capital leases and financed software 1,042 2,136 Deferred finance fees and original issue discount (7,682 ) (8,979 ) Total debt obligations 319,339 332,520 Less: current installments (4,224 ) (14,795 ) Total debt obligations excluding current installments $ 315,115 $ 317,725 On April 26, 2012 , Dairyland HP LLC (“DHP”), an indirectly wholly-owned subsidiary of the Company's, entered into a financing arrangement under the New Markets Tax Credit (“NMTC”) program under the Internal Revenue Code of 1986, as amended, pursuant to which a subsidiary of Chase, provided to DHP an $11,000 construction loan (the “NMTC Loan” ) with an interest rate of 1.00% per annum to help fund DHP’s expansion and build-out of the Bronx, New York facility and the rail shed located at that facility. Borrowings under the NMTC Loan were secured by a first priority secured lien on DHPs leasehold interest in the Bronx, New York facility, including all improvements made on the premises, as well as, among other things, a lien on all fixtures incorporated into the project improvements. The loan matured on April 26, 2017 and was repaid in full, including all accrued interest, for $11,009 , of which, $8,070 was paid in cash and $2,939 was paid from the associated sinking fund. As of September 29, 2017 , the Company was in compliance with all debt covenants and the Company had reserved $9,545 of the ABL facility for the issuance of letters of credit. As of September 29, 2017 , funds totaling $65,455 were available for borrowing under the ABL facility.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 29, 2017
Stockholders' Equity Note [Abstract]
Stockholders' Equity	Stockholders' Equity The following table reflects the activity of restricted share awards (“RSAs”) during the thirty-nine weeks ended September 29, 2017 : Shares Weighted Average Unvested at December 30, 2016 334,053 18.69 Granted 206,081 14.79 Vested (109,442 ) 18.55 Forfeited (74,262 ) 18.39 Unvested at September 29, 2017 356,430 16.57 The Company granted 206,081 RSAs to its employees and directors at a weighted average grant date fair value of $14.79 each during the thirty-nine weeks ended September 29, 2017 . These awards are a mix of time and performance based grants which will vest over periods of one to four years. The Company recognized expense totaling $612 and $420 on its RSAs during the thirteen weeks ended September 29, 2017 and September 23, 2016 , respectively, and $1,928 and $1,517 during the thirty-nine weeks ended September 29, 2017 and September 23, 2016 , respectively. At September 29, 2017 , the Company had 356,430 unvested RSAs outstanding. At September 29, 2017 , the total unrecognized compensation cost for these unvested RSAs was $4,641 and the weighted-average remaining useful life was approximately 27 months . Of this total, $3,151 related to RSAs with time-based vesting provisions and $1,490 related to RSAs with performance-based vesting provisions. At September 29, 2017 , the weighted-average remaining useful lives for time-based vesting and performance-based vesting RSAs were approximately 27 months . The following table summarizes stock option activity during the thirty-nine weeks ended September 29, 2017 : Shares Weighted Aggregate Intrinsic Value Weighted-Average Remaining Contractual Term (in years) Outstanding at December 30, 2016 209,071 $ 20.23 $ — 9.2 Granted — — Exercised — — Canceled/Forfeited (7,193 ) 20.23 Outstanding at September 29, 2017 201,878 $ 20.23 $ — 8.4 Exercisable at September 29, 2017 — $ — $ — 0.0 The Company recognized expense of $158 and $120 on stock options during the thirteen weeks ended September 29, 2017 and September 23, 2016 , respectively, and $456 and $392 during the thirty-nine weeks ended September 29, 2017 and September 23, 2016 . At September 29, 2017 , the total unrecognized compensation cost for these options was $911 to be recognized over a weighted-average period of approximately 17 months . As of September 29, 2017 , there were 523,969 shares available for grant under the Company’s 2011 Omnibus Equity Incentive Plan. No share-based compensation expense has been capitalized.

Related Parties

Related Parties	9 Months Ended
	Sep. 29, 2017
Related Party Transactions [Abstract]
Related Parties	Related Parties The Company leased two warehouse facilities from related parties. These facilities are 100% owned by entities controlled by Christopher Pappas, the Company’s chairman, president and chief executive officer, John Pappas, the Company’s vice chairman and one of its directors, and Dean Facatselis, a former non-employee director of the Company and the brother-in-law of Messrs. Pappas, and are deemed to be affiliates of these individuals. Expense related to these facilities totaled $134 and $133 , respectively, during the thirteen weeks ended September 29, 2017 and September 23, 2016 and $400 and $481 , respectively, during the thirty-nine weeks ended September 29, 2017 and September 23, 2016 . 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 (“TCW”), 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 owns 8.33% of a New York City-based restaurant customer of the Company and its subsidiaries that purchased approximately $26 and $22 , respectively, of products from the Company during the thirteen weeks ended September 29, 2017 and September 23, 2016 and $88 and $77 , respectively, during the thirty-nine weeks ended September 29, 2017 and September 23, 2016 . 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. The Company paid $29 and $67 to Architexture Studios, Inc. for interior decorating and design including the purchase of furniture and leasehold improvements primarily for its Las Vegas, San Francisco and Chicago facilities during the thirteen weeks ended September 29, 2017 and September 23, 2016 , respectively, and paid $97 and $214 , respectively, during the thirty-nine weeks ended September 29, 2017 and September 23, 2016 . 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. The Company purchased approximately $191 and $249 worth of products from ConAgra Foods, Inc. during the thirteen weeks ended September 29, 2017 and September 23, 2016 , respectively, and $545 and $249 , respectively, during the thirty-nine weeks ended September 29, 2017 and September 23, 2016 . With the acquisition of Del Monte, the Company acquired two warehouse facility leases that the Company leases from certain prior owners of Del Monte. Two 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. The Company paid rent on this facility totaling $54 and $53 , respectively, for the thirteen weeks ended September 29, 2017 and September 23, 2016 and $161 and $158 , respectively, during the thirty-nine weeks ended September 29, 2017 and September 23, 2016 . 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 $58 and $57 , respectively, for the thirteen weeks ended September 29, 2017 and September 23, 2016 and $172 and $169 , respectively, during the thirty-nine weeks September 29, 2017 and September 23, 2016 . John DeBenedetti and Victoria DeBenedetti are employees of a subsidiary of the Company. John DeBenedetti, indirectly through TJ Investments, LLC, owns a 8.33% ownership interest in Old World Provisions, which supplies products to the Company since the Del Monte acquisition. The Company purchased approximately $208 and $169 , respectively, of products during the thirteen weeks ended September 29, 2017 and September 23, 2016 and $636 and $306 , respectively, during the thirty-nine weeks ended September 29, 2017 and September 23, 2016 . Mr. J. DeBenedetti is not involved in the day-to-day management of Old World Provisions. John Pappas’s brother-in-law, Constantine Papataros, is one of the Company’s employees. The Company paid him approximately $48 and $37 in total compensation, respectively, for the thirteen weeks ended September 29, 2017 and September 23, 2016 and $140 and $125 , respectively, during the thirty-nine weeks ended September 29, 2017 and September 23, 2016 . Christopher Pappas’s brother, John Pappas, is one of the Company’s employees and a member of the Company’s Board of Directors. The Company paid John Pappas approximately $99 and $99 in total compensation, respectively, for the thirteen weeks ended September 29, 2017 and September 23, 2016 and $494 and $454 , respectively, during the thirty-nine weeks ended September 29, 2017 and September 23, 2016 . John Pappas did no t receive any compensation during the thirty-nine weeks ended September 29, 2017 or September 23, 2016 for his service on the Company’s Board of Directors. Tara Brennan, the domestic partner of John DeBennedetti, is an employee of the Company and was paid approximately $45 for the thirteen weeks ended September 29, 2017 and September 23, 2016 and $135 during the thirty-nine weeks ended September 29, 2017 and September 23, 2016 . 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. This related party relationship ended during the fourth quarter of fiscal 2016. The Company made no payments during the thirteen weeks ended September 29, 2017 and September 23, 2016 and $36 during the thirty-nine weeks ended September 29, 2017 for use of such aircraft in the fourth quarter of fiscal 2016. The Company paid $7 during the thirty-nine weeks ended September 23, 2016 for the use of such aircraft.

Supplemental Disclosures of Cas

Supplemental Disclosures of Cash Flow Information	9 Months Ended
	Sep. 29, 2017
Supplemental Cash Flow Elements [Abstract]
Supplemental Disclosures of Cash Flow Information	Supplemental Disclosures of Cash Flow Information Thirty-nine Weeks Ended September 29, 2017 September 23, 2016 Supplemental cash flow disclosures: Cash paid for income taxes, net of cash received $ 500 $ 7,976 Cash paid for interest $ 14,664 $ 10,759 Non cash financing activities: Sinking funds used to retire debt $ 2,939 $ — Non-cash investing activity: Contingent earn-out liabilities for acquisitions $ 4,500 $ 500 Acquisition purchase price payable $ — $ 500 Common stock issued for acquisitions $ 3,300 $ —

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 29, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Until February 29, 2016 , the Company sublet a distribution facility from TCW (an entity controlled by the Company’s founders). TCW leases the distribution center from the New York City Industrial Development Agency. In connection with this sublease arrangement and TCW'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 TCW’s mortgage obligation on the distribution center. The mortgage payoff date is December 2029 and the potential obligation under this guarantee totaled $5,120 at September 29, 2017 . By agreement dated July 1, 2005, the lender released the Company and its subsidiaries from their guaranty obligations, provided the sublease between Dairyland and TCW remained in full force and effect. As of February 29, 2016 , Dairyland exited the sublease arrangement with TCW, 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, TCW is actively pursuing business strategies that upon completion will unconditionally and fully release the Company from any guaranty of TCW’s mortgage loan.

Operations and Basis of Prese19

Operations and Basis of Presentation (Policies)	9 Months Ended
	Sep. 29, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Fiscal Period, Policy	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. The fiscal year ended December 30, 2016 consisted of 53 weeks.
Consolidation, Policy	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.
Basis of Accounting, Policy	The accompanying unaudited consolidated financial statements and the related interim information contained within the notes to such unaudited 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 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 30, 2016 filed as part of the Company’s Annual Report on Form 10-K, as filed with the SEC on March 10, 2017 .
Use of Estimates, Policy	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.
New Accounting Pronouncements, Policy	Guidance Adopted in 2017 Subsequent Measurement of Inventory: In July 2015, the Financial Accounting Standards Board (“FASB”) issued guidance to simplify the subsequent measurement of inventory. This guidance requires that inventory be measured at the lower of cost or net realizable value. The Company adopted this guidance prospectively. Adoption of this guidance did not impact the Company's consolidated financial statements. Improvements to Employee Share-Based Payment Accounting: In March 2016, the FASB issued guidance to simplify the accounting for employee share-based payments. The main provisions are to recognize excess tax benefits in the income statement rather than to additional paid-in capital, allow an entity to account for forfeitures as they occur, allow an entity to withhold employee shares up to the individual's maximum statutory tax rate without triggering liability classification of the award, present excess tax benefits as an operating cash flow and to present cash payments for employee tax withholding on vested stock awards as a financing cash flow. The guidance also requires that any unrecognized tax benefits that were not previously recognized be recorded through a cumulative-effect adjustment to retained earnings in the period in which the guidance is adopted. Upon adoption, the Company made an accounting policy election to account for forfeitures as they occur and there were no unrecognized tax benefits. Adoption of this guidance did not have a material impact on the Company's consolidated financial statements. Restricted Cash: In November 2016, the FASB issued guidance which includes guidance to clarify how companies present and classify restricted cash or restricted cash equivalents in the statement of cash flows. The guidance requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents and amounts generally described as restricted cash or restricted cash equivalents. Adoption of this guidance did not impact the consolidated financial statements as the Company does not have restricted cash. Simplifying the Test for Goodwill Impairment: In January 2017, the FASB issued guidance which simplifies goodwill impairment testing by removing Step 2 from the goodwill impairment test which required companies to assign the fair value of a reporting unit to its underlying assets and liabilities. Instead, an entity should recognize an impairment charge for the amount by which the carry amount of a reporting unit exceeds its fair value. Adoption of this guidance did not impact the Company's consolidated financial statements. Scope of Modification Accounting: In May 2017, the FASB issued guidance which clarifies when to account for a change to the terms or conditions of a share-based payment award as a modification. Under the new guidance, modification accounting is required only if the fair value, the vesting conditions, or the classification of the award (as equity or liability) changes as a result of the change in terms or conditions. Adoption of this guidance did not impact the consolidated financial statements as the Company did not have any share-based payment award modifications. Guidance Not Yet Adopted In May 2014, the 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 is permitted but not before the original effective date (annual periods beginning after December 15, 2016). The Company has performed a preliminary analysis on the impact this guidance has on its customer contracts, sales incentive programs, gift card programs, information systems, business processes, and financial statement disclosures. The analysis will be finalized during the fourth quarter. The new revenue recognition model provides guidance on the identification of multiple performance obligations embedded within customer contracts. Based on the preliminary analysis, the Company's customer contracts appear to include one performance obligation which is satisfied once each product is delivered to the customer. Thus revenues will be recognized at a point in time. Under the new standard such performance obligations are satisfied at the point at which the Company transfers control to the customer. This is consistent with the Company's current practice of recognizing revenue upon delivery to the customer, with the exception of the Company's current practice of recognizing revenue at shipping point on direct-to-consumer sales. The Company is in the process of quantifying the impact that the change in revenue recognition timing of its direct-to-consumer sales will have on its financial statements. The new standard includes the concept of variable consideration and requires companies to include variable consideration in the transaction price to the extent it is probable that there will not be a significant reversal in the amount of cumulative revenue recognized when the uncertainty is resolved. Although the Company's sales incentive programs fall under the scope of this new guidance, it is not expected to have a significant impact on the amount or timing of revenue recognition. The new standard addresses current diversity in practice in regards to the derecognition of unredeemed gift card liabilities that are not subject to unclaimed property laws. The new guidance requires companies to recognize revenue on such liabilities through breakage or when the likelihood of customer redemption becomes remote. This is consistent with the Company's existing method of recognizing breakage revenue on these liabilities. The Company expects to adopt this guidance when effective using the modified retrospective approach. Under this approach, prior financial statements would not be restated and a cumulative effect adjustment, if any, will be recorded as an adjustment to retained earnings. Adoption will result in expanded disclosures on revenue recognition policies, disaggregated revenues and contract liabilities. In February 2016, the FASB issued guidance to increase the transparency and comparability among organizations by recognizing right-of-use 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. The Company expects to adopt this guidance when effective and is in the early stages of implementation. Adoption will have a material impact on the Company's consolidated financial statements, primarily to the consolidated balance sheets and related disclosures. In January 2017, the FASB issued guidance which clarifies whether transactions should be accounted for as acquisitions of assets or businesses. The guidance requires an entity to determine if substantially all of the fair value of the assets acquired is concentrated in a single identifiable asset or a group of similar identifiable assets. If this criterion is met, the new guidance would define this as an asset acquisition. Furthermore, the guidance requires a business to include, at a minimum, an input and substantive process that together significantly contribute to the ability to create outputs. The guidance is effective for fiscal years beginning after December 15, 2017. The Company expects to adopt this guidance when effective and adoption is not expected to have a material effect on its financial statements.

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	9 Months Ended
	Sep. 29, 2017
Earnings Per Share [Abstract]
Schedule of computation of basic and diluted net (loss) income per share	The following table sets forth the computation of basic and diluted net income (loss) per share: Thirteen Weeks Ended Thirty-nine Weeks Ended September 29, 2017 September 23, 2016 September 29, 2017 September 23, 2016 Net income (loss) per share: Basic $ 0.11 $ 0.05 $ 0.19 $ (0.24 ) Diluted $ 0.11 $ 0.05 $ 0.19 $ (0.24 ) Weighted average common shares: Basic 26,092,387 25,936,832 26,011,913 25,911,278 Diluted 27,387,619 25,977,171 26,063,655 25,911,278
Schedule of reconciliation of net (loss) income per common share	Reconciliation of net income (loss) per common share: Thirteen Weeks Ended Thirty-nine Weeks Ended September 29, 2017 September 23, 2016 September 29, 2017 September 23, 2016 Numerator: Net income (loss) $ 2,851 $ 1,343 $ 4,883 $ (6,119 ) Add effect of dilutive securities: Interest on convertible notes, net of tax 134 — — — Adjusted net income (loss) $ 2,985 $ 1,343 $ 4,883 $ (6,119 ) Denominator: Weighted average basic common shares outstanding 26,092,387 25,936,832 26,011,913 25,911,278 Dilutive effect of unvested common shares 57,858 40,339 51,742 — Dilutive effect of convertible notes 1,237,374 — — — Weighted average diluted common shares outstanding 27,387,619 25,977,171 26,063,655 25,911,278
Schedule of anti-dilutive securities excluded from diluted net income (loss) per common share	Potentially dilutive securities that have been excluded from the calculation of diluted net income (loss) per common share because the effect is anti-dilutive: Thirteen Weeks Ended Thirty-nine Weeks Ended September 29, 2017 September 23, 2016 September 29, 2017 September 23, 2016 Restricted Share Awards (RSAs) 104,053 158,539 134,139 309,922 Stock options 201,878 209,071 203,617 209,071 Convertible subordinated notes — 1,237,374 1,237,374 1,237,374

Fair Value Measurements; Fair21

Fair Value Measurements; Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 29, 2017
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 MT Food Fells Point Total Balance December 30, 2016 $ 1,362 $ 500 $ — $ 1,862 Acquisition — — 4,500 4,500 Cash payments — (500 ) — (500 ) Changes in fair value 72 — — 72 Balance September 29, 2017 $ 1,434 $ — $ 4,500 $ 5,934
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 (more fully described in Note 9). 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. September 29, 2017 December 30, 2016 Carrying Value Fair Value Carrying Value Fair Value Convertible Secured Notes $ 36,750 $ 37,632 $ 36,750 $ 35,557

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
	Sep. 29, 2017
Business Combinations [Abstract]
Pro forma consolidated income statement information	The table below presents pro forma consolidated income statement information of the Company for the thirteen and thirty-nine weeks ended September 29, 2017 and September 23, 2016 as if Fells Point acquisition had occurred at the beginning of each year presented. The pro forma results were prepared from financial information obtained from the sellers of the business, as well as information obtained during the due diligence process associated with the acquisition. The pro forma information is not necessarily indicative of the Company’s results of operations had the Fells Point acquisition been completed on the above dates, nor is it necessarily indicative of the Company’s future results. The pro forma information does not reflect any cost savings from operating efficiencies or synergies that could result from the Fells Point acquisition, any incremental costs for Fells Point transitioning to become a public company, and also does not reflect additional revenue opportunities following the acquisition. The pro forma information reflects amortization and depreciation of the Fells Point acquisition at their respective fair values based on available information and the estimated change in the fair value of the earn-out liability due to accretion. Thirteen Weeks Ended Thirty-nine Weeks Ended September 29, 2017 September 23, 2016 September 29, 2017 September 23, 2016 Net sales $ 334,007 $ 307,060 $ 983,722 $ 888,742 Income before income taxes 5,447 2,753 10,084 (8,132 )
Schedule of assets acquired and liabilities assumed	The table below sets forth the cash purchase price allocation of the Fells Point and MT Food acquisitions: MT Food Fells Point Current assets (includes cash acquired) $ 6,132 $ 6,971 Customer relationships 7,600 14,700 Trademarks — 8,100 Non-compete agreement — 900 Goodwill 11,976 5,687 Fixed assets 261 2,459 Current liabilities (3,969 ) (1,295 ) Earn-out liability (500 ) (4,500 ) Other long-term liabilities (500 ) — Issuance of common shares (3,300 ) Cash purchase price $ 21,000 $ 29,722

Equipment and Leasehold Impro23

Equipment and Leasehold Improvements (Tables)	9 Months Ended
	Sep. 29, 2017
Property, Plant and Equipment [Abstract]
Schedule of equipment and leasehold improvements	Equipment and leasehold improvements as of September 29, 2017 and December 30, 2016 consisted of the following: Useful Lives September 29, 2017 December 30, 2016 Land Indefinite $ 1,170 $ 1,170 Buildings 20 years 1,292 1,292 Machinery and equipment 5-10 years 15,688 13,404 Computers, data processing and other equipment 3-7 years 9,883 9,367 Leasehold improvements 7-22 years 53,479 47,971 Furniture and fixtures 7 years 3,100 3,011 Vehicles 5-7 years 2,570 2,445 Other 7 years 95 95 Construction-in-process 14,711 11,359 101,988 90,114 Less: accumulated depreciation and amortization (32,947 ) (27,931 ) Equipment and leasehold improvements, net $ 69,041 $ 62,183

Goodwill and Other Intangible24

Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Sep. 29, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of changes in the carrying amount of goodwill	The changes in the carrying amount of goodwill are presented as follows: Carrying amount as of December 30, 2016 $ 163,784 Goodwill adjustments 3,418 Fells Point acquisition 5,687 Foreign currency translation 54 Carrying amount as of September 29, 2017 $ 172,943
Schedule of other intangible assets	Other intangible assets as of September 29, 2017 and December 30, 2016 consisted of the following: September 29, 2017: Gross Carrying Amount Accumulated Amortization Net Amount Customer relationships $ 116,381 $ (25,465 ) $ 90,916 Non-compete agreements 8,066 (6,605 ) 1,461 Trademarks 60,674 (9,518 ) 51,156 Total $ 185,121 $ (41,588 ) $ 143,533 December 30, 2016: Customer relationships $ 104,381 $ (19,981 ) $ 84,400 Non-compete agreements 7,166 (5,587 ) 1,579 Trademarks 52,574 (7,422 ) 45,152 Total $ 164,121 $ (32,990 ) $ 131,131
Schedule of estimated future amortization expense	Estimated amortization expense for other intangibles for the remainder of the fiscal year ending December 29, 2017 and each of the next five fiscal years and thereafter is as follows: 2017 $ 3,187 2018 11,669 2019 11,392 2020 11,119 2021 11,119 2022 10,391 Thereafter 84,656 Total $ 143,533

Debt Obligations (Tables)

Debt Obligations (Tables)	9 Months Ended
	Sep. 29, 2017
Debt Disclosure [Abstract]
Schedule of debt obligations	Debt obligations as of September 29, 2017 and December 30, 2016 consisted of the following: September 29, 2017 December 30, 2016 Senior secured term loan $ 289,229 $ 291,613 Convertible subordinated notes 36,750 36,750 New Markets Tax Credit loan — 11,000 Capital leases and financed software 1,042 2,136 Deferred finance fees and original issue discount (7,682 ) (8,979 ) Total debt obligations 319,339 332,520 Less: current installments (4,224 ) (14,795 ) Total debt obligations excluding current installments $ 315,115 $ 317,725

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Sep. 29, 2017
Stockholders' Equity Note [Abstract]
Activity of restricted stock awards	The following table reflects the activity of restricted share awards (“RSAs”) during the thirty-nine weeks ended September 29, 2017 : Shares Weighted Average Unvested at December 30, 2016 334,053 18.69 Granted 206,081 14.79 Vested (109,442 ) 18.55 Forfeited (74,262 ) 18.39 Unvested at September 29, 2017 356,430 16.57
Activity of stock options	The following table summarizes stock option activity during the thirty-nine weeks ended September 29, 2017 : Shares Weighted Aggregate Intrinsic Value Weighted-Average Remaining Contractual Term (in years) Outstanding at December 30, 2016 209,071 $ 20.23 $ — 9.2 Granted — — Exercised — — Canceled/Forfeited (7,193 ) 20.23 Outstanding at September 29, 2017 201,878 $ 20.23 $ — 8.4 Exercisable at September 29, 2017 — $ — $ — 0.0

Supplemental Disclosures of C27

Supplemental Disclosures of Cash Flow Information (Tables)	9 Months Ended
	Sep. 29, 2017
Supplemental Cash Flow Elements [Abstract]
Schedule of supplemental disclosures of cash flow information	Thirty-nine Weeks Ended September 29, 2017 September 23, 2016 Supplemental cash flow disclosures: Cash paid for income taxes, net of cash received $ 500 $ 7,976 Cash paid for interest $ 14,664 $ 10,759 Non cash financing activities: Sinking funds used to retire debt $ 2,939 $ — Non-cash investing activity: Contingent earn-out liabilities for acquisitions $ 4,500 $ 500 Acquisition purchase price payable $ — $ 500 Common stock issued for acquisitions $ 3,300 $ —

Operations and Basis of Prese28

Operations and Basis of Presentation (Details)	9 Months Ended
	Sep. 29, 2017segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments	1

Recently Issued Accounting Pr29

Recently Issued Accounting Pronouncements (Details)	9 Months Ended
	Sep. 29, 2017contract
Accounting Changes and Error Corrections [Abstract]
Number of customer contracts, performance obligation	1

Earnings (Loss) Per Share - Com

Earnings (Loss) Per Share - Computation of Basic and Diluated Net Income (Loss) Per Share (Details) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 29, 2017	Sep. 23, 2016	Sep. 29, 2017	Sep. 23, 2016
Net income (loss) per share:
Basic (in dollars per share)	$ 0.11	$ 0.05	$ 0.19	$ (0.24)
Diluted (in dollars per share)	$ 0.11	$ 0.05	$ 0.19	$ (0.24)
Weighted average common shares:
Basic (in shares)	26,092,387	25,936,832	26,011,913	25,911,278
Diluted (in shares)	27,387,619	25,977,171	26,063,655	25,911,278

Earnings (Loss) Per Share - Rec

Earnings (Loss) Per Share - Reconciliation of Net Income (Loss) Per Common Share (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2017	Sep. 23, 2016	Sep. 29, 2017	Sep. 23, 2016
Numerator:
Net income (loss)	$ 2,851	$ 1,343	$ 4,883	$ (6,119)
Interest on convertible notes, net of tax	134	0	0	0
Adjusted net income (loss)	$ 2,985	$ 1,343	$ 4,883	$ (6,119)
Denominator:
Weighted average basic common shares outstanding (in shares)	26,092,387	25,936,832	26,011,913	25,911,278
Dilutive effect of unvested common shares (in shares)	57,858	40,339	51,742	0
Dilutive effect of convertible notes (in shares)	1,237,374	0	0	0
Weighted average diluted common shares outstanding (in shares)	27,387,619	25,977,171	26,063,655	25,911,278

Earnings (Loss) Per Share - Pot

Earnings (Loss) Per Share - Potentially Dilutive Securities (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 29, 2017	Sep. 23, 2016	Sep. 29, 2017	Sep. 23, 2016
Restricted Share Awards (RSAs)
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities excluded from computation of earnings per share (in shares)	104,053	158,539	134,139	309,922
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities excluded from computation of earnings per share (in shares)	201,878	209,071	203,617	209,071
Convertible subordinated notes
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities excluded from computation of earnings per share (in shares)	0	1,237,374	1,237,374	1,237,374

Fair Value Measurements; Fair33

Fair Value Measurements; Fair Value of Financial Instruments - Narrative (Details) - USD ($) $ in Thousands	Sep. 29, 2017	Dec. 30, 2016
Level 3
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liability fair value	$ 5,934	$ 1,862

Fair Value Measurements; Fair34

Fair Value Measurements; Fair Value of Financial Instruments - Summary of Changes in Level 3 Contingent Consideration Liability (Details) - Level 3 $ in Thousands	9 Months Ended
	Sep. 29, 2017USD ($)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 1,862
Acquisition	4,500
Cash payments	(500)
Changes in fair value	72
Ending balance	5,934
Del Monte
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	1,362
Acquisition	0
Cash payments	0
Changes in fair value	72
Ending balance	1,434
MT Food
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	500
Acquisition	0
Cash payments	(500)
Changes in fair value	0
Ending balance	0
Fells Point
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	0
Acquisition	4,500
Cash payments	0
Changes in fair value	0
Ending balance	$ 4,500

Fair Value Measurements; Fair35

Fair Value Measurements; Fair Value of Financial Instruments - Summary of the Carrying Value and Fair Value of Convertible Subordinated Notes (Details) - Level 3 - USD ($) $ in Thousands	Sep. 29, 2017	Dec. 30, 2016
Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Convertible Secured Notes	$ 36,750	$ 36,750
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Convertible Secured Notes	$ 37,632	$ 35,557

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) - USD ($) $ in Thousands	Aug. 25, 2017	Jun. 27, 2016	Sep. 29, 2017	Sep. 29, 2017
Fells Point
Business Acquisition [Line Items]
Effective acquisition date	Aug. 25, 2017
Aggregate purchase price	$ 33,022
Cash amount paid to former owners	29,722
Issuance of common shares	$ 3,300
Number of common stock issued for acquisition (in shares)	185,442
Amount payable for acquisition	$ 12,000
Earn-out liability, term	4 years
Fair value of contingent earn-out liability	$ 4,500
Lease, term of contract	5 years
Payments for rent			$ 22
Net sales				$ 5,815
Income before taxes				$ 380
Fells Point | Customer relationships
Business Acquisition [Line Items]
Weighted average useful life				15 years
Fells Point | Trademarks
Business Acquisition [Line Items]
Weighted average useful life				20 years
Fells Point | Non-compete agreements
Business Acquisition [Line Items]
Weighted average useful life				6 years
Fells Point | Goodwill
Business Acquisition [Line Items]
Goodwill, amortization period for income tax purposes				15 years
MT Food
Business Acquisition [Line Items]
Effective acquisition date		Jun. 27, 2016
Aggregate purchase price		$ 22,000
Issuance of common shares
Amount payable for acquisition		500
Additional contingent consideration		$ 500
Long term liability, maturity period		18 months
Net increase in goodwill				$ 3,418
MT Food | Customer relationships
Business Acquisition [Line Items]
Weighted average useful life				15 years
Decrease in customer relationships				$ 2,700
MT Food | Goodwill
Business Acquisition [Line Items]
Goodwill, amortization period for income tax purposes				15 years

Acquisitions - Pro Forma Consol

Acquisitions - Pro Forma Consolidated Income Statement Information (Details) - Fells Point - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2017	Sep. 23, 2016	Sep. 29, 2017	Sep. 23, 2016
Business Acquisition [Line Items]
Net sales	$ 334,007	$ 307,060	$ 983,722	$ 888,742
Income before income taxes	$ 5,447	$ 2,753	$ 10,084	$ (8,132)

Acquisitions - Summary of Cash

Acquisitions - Summary of Cash Price for Acquisition (Details) - USD ($) $ in Thousands	Sep. 29, 2017	Aug. 25, 2017	Dec. 30, 2016	Jun. 27, 2016
Business Acquisition [Line Items]
Goodwill	$ 172,943		$ 163,784
MT Food
Business Acquisition [Line Items]
Current assets (includes cash acquired)				$ 6,132
Goodwill				11,976
Fixed assets				261
Current liabilities				(3,969)
Earn-out liability				(500)
Other long-term liabilities				(500)
Issuance of common shares
Cash purchase price				21,000
MT Food | Customer relationships
Business Acquisition [Line Items]
Finite-lived intangible assets				7,600
MT Food | Trademarks
Business Acquisition [Line Items]
Finite-lived intangible assets				0
MT Food | Non-compete agreements
Business Acquisition [Line Items]
Finite-lived intangible assets				$ 0
Fells Point
Business Acquisition [Line Items]
Current assets (includes cash acquired)		$ 6,971
Goodwill		5,687
Fixed assets		2,459
Current liabilities		(1,295)
Earn-out liability		(4,500)
Other long-term liabilities		0
Issuance of common shares		(3,300)
Cash purchase price		29,722
Fells Point | Customer relationships
Business Acquisition [Line Items]
Finite-lived intangible assets		14,700
Fells Point | Trademarks
Business Acquisition [Line Items]
Finite-lived intangible assets		8,100
Fells Point | Non-compete agreements
Business Acquisition [Line Items]
Finite-lived intangible assets		$ 900

Inventory - Narrative (Details)

Inventory - Narrative (Details) - USD ($) $ in Thousands	Sep. 29, 2017	Dec. 30, 2016
Inventory Disclosure [Abstract]
Reserves for shrinkage and obsolescence	$ 1,930	$ 2,122

Equipment and Leasehold Impro40

Equipment and Leasehold Improvements - Summary of Equipment and Leasehold Improvements (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 29, 2017	Dec. 30, 2016
Property, Plant and Equipment [Line Items]
Equipment and leasehold improvements, gross	$ 101,988	$ 90,114
Accumulated depreciation and amortization	(32,947)	(27,931)
Equipment and leasehold improvements, net	69,041	62,183
Land
Property, Plant and Equipment [Line Items]
Equipment and leasehold improvements, gross	$ 1,170	1,170
Buildings
Property, Plant and Equipment [Line Items]
Useful lives	20 years
Equipment and leasehold improvements, gross	$ 1,292	1,292
Machinery and equipment
Property, Plant and Equipment [Line Items]
Equipment and leasehold improvements, gross	$ 15,688	13,404
Machinery and equipment | Minimum
Property, Plant and Equipment [Line Items]
Useful lives	5 years
Machinery and equipment | Maximum
Property, Plant and Equipment [Line Items]
Useful lives	10 years
Computers, data processing and other equipment
Property, Plant and Equipment [Line Items]
Equipment and leasehold improvements, gross	$ 9,883	9,367
Computers, data processing and other equipment | Minimum
Property, Plant and Equipment [Line Items]
Useful lives	3 years
Computers, data processing and other equipment | Maximum
Property, Plant and Equipment [Line Items]
Useful lives	7 years
Leasehold improvements
Property, Plant and Equipment [Line Items]
Equipment and leasehold improvements, gross	$ 53,479	47,971
Leasehold improvements | Minimum
Property, Plant and Equipment [Line Items]
Useful lives	7 years
Leasehold improvements | Maximum
Property, Plant and Equipment [Line Items]
Useful lives	22 years
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Useful lives	7 years
Equipment and leasehold improvements, gross	$ 3,100	3,011
Vehicles
Property, Plant and Equipment [Line Items]
Equipment and leasehold improvements, gross	$ 2,570	2,445
Vehicles | Minimum
Property, Plant and Equipment [Line Items]
Useful lives	5 years
Vehicles | Maximum
Property, Plant and Equipment [Line Items]
Useful lives	7 years
Other
Property, Plant and Equipment [Line Items]
Useful lives	7 years
Equipment and leasehold improvements, gross	$ 95	95
Construction-in-process
Property, Plant and Equipment [Line Items]
Equipment and leasehold improvements, gross	$ 14,711	$ 11,359

Equipment and Leasehold Impro41

Equipment and Leasehold Improvements - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2017	Sep. 23, 2016	Sep. 29, 2017	Sep. 23, 2016	Dec. 30, 2016
Property, Plant and Equipment [Line Items]
Depreciation	$ 1,678	$ 1,577	$ 4,970	$ 3,753
Assets Held under Capital Leases
Property, Plant and Equipment [Line Items]
Assets financed by capital lease	506		506		$ 506
Depreciation	15	15	45	58
Capitalized software
Property, Plant and Equipment [Line Items]
Depreciation	$ 402	$ 437	$ 1,307	$ 1,155
Minimum | Capitalized software
Property, Plant and Equipment [Line Items]
Useful lives			3 years
Maximum | Capitalized software
Property, Plant and Equipment [Line Items]
Useful lives			7 years

Goodwill and Other Intangible42

Goodwill and Other Intangible Assets - Schedule of Changes in the Carrying Amount of Goodwill (Details) $ in Thousands	9 Months Ended
	Sep. 29, 2017USD ($)
Goodwill [Roll Forward]
Carrying amount as of December 30, 2016	$ 163,784
Goodwill adjustments	3,418
Fells Point acquisition	5,687
Foreign currency translation	54
Carrying amount as of September 29, 2017	$ 172,943

Goodwill and Other Intangible43

Goodwill and Other Intangible Assets - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2017	Sep. 23, 2016	Sep. 29, 2017	Sep. 23, 2016
Finite-Lived Intangible Assets [Line Items]
Amortization expense	$ 2,981	$ 3,137	$ 8,712	$ 8,704
Customer relationships | Minimum
Finite-Lived Intangible Assets [Line Items]
Useful life			4 years
Customer relationships | Maximum
Finite-Lived Intangible Assets [Line Items]
Useful life			20 years
Trademarks | Minimum
Finite-Lived Intangible Assets [Line Items]
Useful life			1 year
Trademarks | Maximum
Finite-Lived Intangible Assets [Line Items]
Useful life			40 years
Non-compete agreements | Minimum
Finite-Lived Intangible Assets [Line Items]
Useful life			2 years
Non-compete agreements | Maximum
Finite-Lived Intangible Assets [Line Items]
Useful life			6 years

Goodwill and Other Intangible44

Goodwill and Other Intangible Assets - Summary of Other Intangible Assets (Details) - USD ($) $ in Thousands	Sep. 29, 2017	Dec. 30, 2016
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 185,121	$ 164,121
Accumulated Amortization	(41,588)	(32,990)
Net Amount	143,533	131,131
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	116,381	104,381
Accumulated Amortization	(25,465)	(19,981)
Net Amount	90,916	84,400
Non-compete agreements
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	8,066	7,166
Accumulated Amortization	(6,605)	(5,587)
Net Amount	1,461	1,579
Trademarks
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	60,674	52,574
Accumulated Amortization	(9,518)	(7,422)
Net Amount	$ 51,156	$ 45,152

Goodwill and Other Intangible45

Goodwill and Other Intangible Assets - Estimated Amortization Expense for Other Intangibles (Details) $ in Thousands	Sep. 29, 2017USD ($)
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2,017	$ 3,187
2,018	11,669
2,019	11,392
2,020	11,119
2,021	11,119
2,022	10,391
Thereafter	84,656
Total	$ 143,533

Debt Obligations - Summary of D

Debt Obligations - Summary of Debt Obligations (Details) - USD ($) $ in Thousands	Sep. 29, 2017	Dec. 30, 2016
Debt Instrument [Line Items]
Total debt obligations	$ 319,339	$ 332,520
Deferred finance fees and original issue discount	(7,682)	(8,979)
Less: current installments	(4,224)	(14,795)
Total debt obligations excluding current installments	315,115	317,725
Senior secured term loan
Debt Instrument [Line Items]
Total debt obligations	289,229	291,613
Convertible subordinated notes
Debt Instrument [Line Items]
Total debt obligations	36,750	36,750
New Markets Tax Credit loan
Debt Instrument [Line Items]
Total debt obligations	0	11,000
Capital leases and financed software
Debt Instrument [Line Items]
Total debt obligations	$ 1,042	$ 2,136

Debt Obligations - Narrative (D

Debt Obligations - Narrative (Details) - USD ($) $ in Thousands	Apr. 26, 2017	Sep. 29, 2017	Sep. 23, 2016	Apr. 26, 2012
Debt Instrument [Line Items]
Debt repaid, in cash		$ 11,641	$ 156,655
Sinking funds used to retire debt		2,939	$ 0
New Markets Tax Credit loan
Debt Instrument [Line Items]
Construction loan				$ 11,000
Interest rate				1.00%
ABL Credit Agreement
Debt Instrument [Line Items]
Amounts reserved for issuance of letters of credit		9,545
Available borrowing capacity		$ 65,455
New Markets Tax Credit loan | Construction Loans
Debt Instrument [Line Items]
Debt repaid	$ 11,009
Debt repaid, in cash	8,070
Sinking funds used to retire debt	$ 2,939

Stockholders' Equity - Schedule

Stockholders' Equity - Schedule of Restricted Stock Awards (Details) - Restricted Stock	9 Months Ended
	Sep. 29, 2017$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Beginning balance, unvested (in shares) | shares	334,053
Granted (in shares) | shares	206,081
Vested (in shares) | shares	(109,442)
Forfeited (in shares) | shares	(74,262)
Ending balance, unvested (in shares) | shares	356,430
Weighted Average Grant Date Fair Value
Beginning balance, unvested (in shares) | $ / shares	$ 18.69
Granted (in usd per share) | $ / shares	14.79
Vested (in usd per share) | $ / shares	18.55
Forfeited (in usd per share) | $ / shares	18.39
Ending balance, unvested (in shares) | $ / shares	$ 16.57

Stockholders' Equity - Narrativ

Stockholders' Equity - Narrative (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 29, 2017	Sep. 23, 2016	Sep. 29, 2017	Sep. 23, 2016	Dec. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation cost, stock options	$ 911,000		$ 911,000
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted RSAs (in shares)			206,081
Weighted average grant date fair value of RSAs (in dollars per share)			$ 14.79
Unvested RSAs (in shares)	356,430		356,430		334,053
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average remaining term, stock options			17 months
Omnibus Equity Incentive Plan 2011
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for grant	523,969		523,969
Share-based compensation expense, capitalized			$ 0
Omnibus Equity Incentive Plan 2011 | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognized expense	$ 612,000	$ 420,000	$ 1,928,000	$ 1,517,000
Unvested RSAs (in shares)	356,430		356,430
Total unrecognized compensation cost, RSAs	$ 4,641,000		$ 4,641,000
Weighted average remaining term, RSAs			27 months
Omnibus Equity Incentive Plan 2011 | Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognized expense	158,000	$ 120,000	$ 456,000	$ 392,000
Omnibus Equity Incentive Plan 2011 | Time-Based Vesting | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation cost, RSAs	3,151,000		3,151,000
Omnibus Equity Incentive Plan 2011 | Performance-Based Vesting | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation cost, RSAs	$ 1,490,000		$ 1,490,000
Weighted average remaining term, RSAs			27 months
Minimum | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			1 year
Maximum | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			4 years

Stockholders' Equity - Summary

Stockholders' Equity - Summary of Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 29, 2017	Dec. 30, 2016
Shares
Outstanding at December 30, 2016 (in shares)	209,071
Granted (in shares)	0
Exercised (in shares)	0
Canceled/Forfeited (in shares)	(7,193)
Outstanding at September 29, 2017 (in shares)	201,878	209,071
Exercisable at September 29, 2017 (in shares)	0
Weighted Average Exercise Price
Outstanding at December 30, 2016 (in usd per share)	$ 20.23
Granted (in usd per share)	0
Exercised (in usd per share)	0
Canceled/Forfeited (in usd per share)	20.23
Outstanding at September 29, 2017 (in usd per share)	20.23	$ 20.23
Exercisable at September 29, 2017 (in usd per share)	$ 0
Aggregate Intrinsic Value
Outstanding	$ 0	$ 0
Exercisable at September 29, 2017	$ 0
Weighted-Average Remaining Contractual Term (in years)
Outstanding (in years)	8 years 5 months 9 days	9 years 2 months 9 days
Exercisable at September 29, 2017 (in years)	0 days

Related Parties - Narrative (De

Related Parties - Narrative (Details)	3 Months Ended		9 Months Ended
	Sep. 29, 2017USD ($)warehouse	Sep. 23, 2016USD ($)	Sep. 29, 2017USD ($)warehouse	Sep. 23, 2016USD ($)
Related Party Transaction [Line Items]
Number of warehouses leased from related parties | warehouse	2		2
Ownership interest in facilities owned by entities controlled by company's stockholders			100.00%
Expenses related to transactions with related parties	$ 134,000	$ 133,000	$ 400,000	$ 481,000
Number of distribution warehouses leased from related parties | warehouse			1
Executive Officer | Restaurant Company
Related Party Transaction [Line Items]
Equity interest in related parties	8.33%		8.33%
Revenue from related parties	$ 26,000	22,000	$ 88,000	77,000
Architexture Studios, Inc.
Related Party Transaction [Line Items]
Purchase of products	29,000	67,000	97,000	214,000
ConAgra Foods
Related Party Transaction [Line Items]
Purchase of products	$ 191,000	249,000	$ 545,000	249,000
Director
Related Party Transaction [Line Items]
Equity interest in related parties	50.00%		50.00%
Number of facilities leased | warehouse			2
Affiliated Entity | Warehouse
Related Party Transaction [Line Items]
Expenses related to transactions with related parties	$ 54,000	53,000	$ 161,000	158,000
Affiliated Entity | Warehouse 2
Related Party Transaction [Line Items]
Expenses related to transactions with related parties	$ 58,000	57,000	$ 172,000	169,000
J. DeBenedetti and T. Lincoln | Old World Provisions
Related Party Transaction [Line Items]
Equity interest in related parties	8.33%		8.33%
Purchase of products	$ 208,000	169,000	$ 636,000	306,000
Immediate Family Member of Management or Principal Owner | Constantine Papataros
Related Party Transaction [Line Items]
Compensation to related parties	48,000	37,000	140,000	125,000
Immediate Family Member of Management or Principal Owner | Tara Brennan
Related Party Transaction [Line Items]
Expenses related to transactions with related parties	45,000	45,000	135,000	135,000
Vice President
Related Party Transaction [Line Items]
Compensation to related parties	$ 99,000	99,000	494,000	454,000
Board of Directors Chairman | John Pappas
Related Party Transaction [Line Items]
Compensation to related parties			$ 0	0
C. Pappas, J. Couri and S. Hanson | Interest in Aircraft
Related Party Transaction [Line Items]
Equity interest in related parties	50.00%		50.00%
Aircraft rental expenses	$ 0	$ 0	$ 36,000	$ 7,000

Supplemental Disclosures of C52

Supplemental Disclosures of Cash Flow Information - Summary of Supplemental Cash Flow Disclosures (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 29, 2017	Sep. 23, 2016
Supplemental cash flow disclosures:
Cash paid for income taxes, net of cash received	$ 500	$ 7,976
Cash paid for interest	14,664	10,759
Non cash financing activities:
Sinking funds used to retire debt	2,939	0
Non-cash investing activity:
Contingent earn-out liabilities for acquisitions	4,500	500
Acquisition purchase price payable	0	500
Common stock issued for acquisitions	$ 3,300	$ 0

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) $ in Thousands	Sep. 29, 2017USD ($)
TCW Leasing Co LLC
Other Commitments [Line Items]
Potential obligation under guarantee	$ 5,120