Amplify Snack Brands 10-Q 4 May 16 2016 Q1 Quarterly report Financial data

Document Entity Information

Document Entity Information - shares	3 Months Ended
	Mar. 31, 2016	May. 02, 2016
Document Entity Information [Abstract]
Entity Registrant Name	Amplify Snack Brands, Inc.
Entity Central Index Key	1,640,313
Document Type	10-Q
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31
Amendment Flag	false
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		74,798,232

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (unaudited) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 7,434	$ 18,751
Accounts receivable, net of allowances of $1,961 and $2,272, respectively	15,491	11,977
Inventories	7,080	6,829
Other current assets	1,185	1,293
Total current assets	31,190	38,850
Property and equipment, net	2,284	2,153
Other assets:
Goodwill	47,421	47,421
Intangible assets, net	268,405	269,468
Other assets	40	40
Total assets	349,340	357,932
Current liabilities:
Accounts payable	11,680	9,302
Accrued liabilities	8,546	5,230
Senior term loan-current portion	12,750	12,750
Founder contingent consideration	2,197	25,197
Tax receivable obligation-current portion	6,632	6,632
Other current liabilities	551	217
Total current liabilities	42,356	59,328
Long-term liabilities:
Senior term loan	179,342	181,704
Notes payable, net	3,773	3,757
Tax receivable obligation	6,383	5,115
Tax receivable obligation	89,498	89,498
Other liabilities	3,371	3,107
Total long-term liabilities	$ 282,367	$ 283,181
Commitment and contingencies (Note 10)
Shareholders' Equity:
Common stock, $0.0001 par value, 375,000,000 shares authorized at March 31, 2016 and December 31, 2015 and 74,814,003 and 74,843,470 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively	$ 7	$ 8
Additional paid in capital	1,585	793
Common stock held in treasury, at par, 4,483,021 and 4,991,858 shares at March 31, 2016 and December 31, 2015, respectively	0	(1)
Retained earnings	23,025	14,623
Total shareholders' equity	24,617	15,423
Total liabilities and shareholders' equity	$ 349,340	$ 357,932

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Allowance for accounts receivable	$ 1,961	$ 2,272
Common stock - par value (USD per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	375,000,000	375,000,000
Common stock, shares issued (in shares)	74,814,003	74,843,470
Common stock, shares outstanding (in shares)	74,814,003	74,843,470
Treasury stock, shares held (in shares)	4,483,021	4,991,858

Condensed Consolidated Statemen

Condensed Consolidated Statements of Comprehensive Income (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Income Statement [Abstract]
Net Sales	$ 54,345	$ 44,275
Cost of goods sold	25,927	19,866
Gross profit	28,418	24,409
Sales & marketing expenses	5,679	3,618
General & administrative expenses	5,432	9,032
Total operating expenses	11,111	12,650
Operating income	17,307	11,759
Interest expense	3,026	2,955
Income before income taxes	14,281	8,804
Income tax expense	5,879	3,900
Net income	8,402	4,904
Other comprehensive income, net of income taxes	0	0
Comprehensive income	$ 8,402	$ 4,904
Basic and diluted earnings per share (USD per share)	$ 0.11	$ 0.07
Basic and diluted weighted average shares outstanding (in shares)	74,838,937	74,449,844

Condensed Consolidated Stateme5

Condensed Consolidated Statement of Shareholders' Equity (unaudited) - USD ($) $ in Thousands	Total	Common Stock	Additional Paid in Capital	Treasury Stock	Retained Earnings
Beginning balance (in shares) at Dec. 31, 2014		75,000,000		7,411,263
Beginning balance at Dec. 31, 2014	$ 121,168	$ 8	$ 116,423	$ (1)	$ 4,738
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	4,904				4,904
Equity-based incentive compensation	788		788
Ending balance (in shares) at Mar. 31, 2015		75,000,000		7,411,263
Ending balance at Mar. 31, 2015	126,860	$ 8	117,211	$ (1)	9,642
Beginning balance (in shares) at Dec. 31, 2015		74,843,470		4,991,858
Beginning balance at Dec. 31, 2015	15,423	$ 8	793	$ (1)	14,623
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	8,402				8,402
Vesting of restricted stock awards (in shares)				(479,370)
Forfeiture of restricted stock awards (in shares)		(29,467)		(29,467)
Forfeiture of restricted stock awards		$ (1)		$ 1
Equity-based incentive compensation	792		792
Ending balance (in shares) at Mar. 31, 2016		74,814,003		4,483,021
Ending balance at Mar. 31, 2016	$ 24,617	$ 7	$ 1,585	$ 0	$ 23,025

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Operating activities:
Net income	$ 8,402	$ 4,904
Depreciation	107	47
Amortization of intangible assets	1,063	1,042
Amortization of deferred financing costs and debt discount	217	185
Deferred income taxes	1,268	(247)
Equity-based compensation expense	1,079	788
Founder contingent compensation	0	4,602
Accounts receivable	(3,514)	(3,253)
Inventories	(251)	2,562
Other assets	108	(294)
Accounts payable	2,333	57
Accrued and other liabilities	3,627	3,749
Payments of founder contingent compensation	(23,000)	0
Net cash (used in) provided by operating activities	(8,561)	14,142
Investing activities:
Acquisition of property and equipment	(193)	(370)
Net cash used in investing activities	(193)	(370)
Financing activities:
Payments on term loan	(2,563)	(2,500)
Net cash used in financing activities	(2,563)	(2,500)
(Decrease) increase in cash and cash equivalents	(11,317)	11,272
Cash and cash equivalents—Beginning of period	18,751	5,615
Cash and cash equivalents—End of period	7,434	16,887
Supplemental disclosure of cash flow information:
Income taxes paid	2,787	1,262
Interest paid	$ 505	$ 2,772

Business Overview

Business Overview	3 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business Overview	BUSINESS OVERVIEW Amplify Snack Brands, Inc., a Delaware corporation, and its subsidiaries (collectively, the "Company," and herein referred to as "we", "us", and "our") is a high growth, snack food company focused on developing and marketing products that appeal to consumers’ growing preference for better-for-you ("BFY") snacks. We contract with third-party firms to manufacture our products and we operate in multiple channels of trade to distribute our products to consumers. Corporate Reorganization and Initial Public Offering Prior to the consummation of our initial public offering ("IPO") on August 4, 2015, a series of related reorganization transactions (hereinafter referred to as the "Corporate Reorganization") occurred in the following sequence: • TA Topco 1, LLC ("Topco"), the former parent entity of the Company, liquidated in accordance with the terms and conditions of Topco's existing limited liability company agreement ("Topco Liquidation"). The holders of existing units in Topco received 100% of the capital stock of the Company, which was allocated to such unit holders pursuant to the distribution provisions of the existing limited liability company agreement of Topco based upon the liquidation value of Topco. Since Topco was liquidated at the time of our IPO, the implied liquidation value of Topco was based on the IPO price of $18.00 per share. Topco ceased to exist following the Topco Liquidation. • The Company entered into a tax receivable agreement ("TRA") with the former holders of units in Topco pursuant to which such holders received the right to future payments from the Company. Refer to Note 9 for more details regarding the TRA. Immediately following the Corporate Reorganization, 15,000,000 common shares of the Company were sold by selling stockholders to the public at a price of $18.00 per share. The selling stockholders (formerly holders of units in Topco), which includes certain of our directors and officers, received all the proceeds from the sale of shares in this offering. The Company did not receive any proceeds from the sale of shares in this offering. Immediately following the IPO, former holders of units in Topco collectively owned 53,656,964 common shares of the Company and 6,343,036 shares of the Company's restricted stock, which is subject to vesting conditions. Refer to Note 12 for more details on the Company's restricted stock. As of March 31, 2016, investment funds affiliated with TA Associates, L.P., a private equity entity ("TA Associates") beneficially owned 58.2% of our outstanding common shares and is able to exercise a significant level of control over all matters requiring stockholder approval, including the election of directors and approval of significant corporate transactions. SkinnyPop Popcorn LLC Acquisition On July 17, 2014, SkinnyPop Popcorn LLC ("SkinnyPop") was acquired by investment funds affiliated with TA Associates for aggregate purchase consideration of $320 million , which included rollover stock from existing equity holders in SkinnyPop valued at $25 million . The aggregate purchase consideration, plus transaction-related expenses and financing costs, was funded by TA Associates' equity investment in Topco, as well as from certain members of management and net proceeds from a $150 million term loan borrowing. Refer to Note 8 for additional details on the Company's term loan facility. A portion of the purchase consideration is being held in escrow to secure post-closing purchase price adjustments and indemnity claims.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying interim condensed consolidated balance sheets as of March 31, 2016 and December 31, 2015 , the interim condensed consolidated statement of shareholders' equity for the three months ended March 31, 2016 and March 31, 2015, the interim condensed consolidated statements of comprehensive income for the three months ended March 31, 2016 and March 31, 2015, and the interim condensed consolidated statements of cash flows for the three months ended March 31, 2016 and March 31, 2015, are unaudited. Interim Financial Statements The accompanying unaudited interim condensed consolidated financial statements of Amplify Snack Brands, Inc. (“Condensed Consolidated Financial Statements”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X of the Securities and Exchange Commission. Accordingly, they do not include all of the information and footnotes required for annual financial statements. The Condensed Consolidated Financial Statements include the accounts of the Company and its wholly-owned subsidiaries. All significant intercompany balances and transactions have been eliminated. The Condensed Consolidated Financial Statements have been prepared on the same basis as the audited consolidated financial statements at and for the fiscal year ended December 31, 2015, and in the opinion of management, include all adjustments, consisting only of normal recurring adjustments, with the exception of retrospective adoption of ASU 2015-03 as discussed herein, necessary for the fair presentation of the financial position as of March 31, 2016 and results of our operations for the three months ended March 31, 2016 and March 31, 2015, and cash flows for the three months ended March 31, 2016 and March 31, 2015. The interim results for the three months ended March 31, 2016 are not necessarily indicative of the results that may be expected for the year ending December 31, 2016 . Therefore, the Condensed Consolidated Financial Statements should be read in conjunction with the audited consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission on March 29, 2016. Operating results for the three months ended March 31, 2016 are not necessarily indicative of the results that may be expected for any future periods. Use of Estimates The unaudited interim condensed consolidated financial statements are prepared in conformity with GAAP. Management is required to make 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 net sales and expenses during the reporting period. The Company routinely evaluates its estimates, including those related to accruals and allowances for customer programs and incentives, bad debts, income taxes, long-lived assets, inventories, equity-based compensation, accrued broker commissions and contingencies. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances. Actual results could differ from those estimates. Segment Reporting The Company operates as one reportable segment: the marketing and distribution of BFY, ready-to-eat ("RTE") snacking products. Management made this determination based on the similar quantitative and qualitative characteristics of our products. Our chief executive officer is considered to be our chief operating decision maker. He reviews our operating results on an aggregate basis for purposes of allocating resources and evaluating financial performance. Fair Value of Financial Instruments Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants at the reporting date. The accounting guidance establishes a three-tiered hierarchy, which prioritizes the inputs used in the valuation methodologies in measuring fair value: Level 1—Quoted prices in active markets for identical assets or liabilities. Level 2—Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3—Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. The categorization of a financial instrument within the valuation hierarchy is based on the lowest level of input that is significant to the fair value measurement. The carrying amounts of the Company’s financial instruments, including cash, accounts receivable, accounts payable and accrued liabilities, approximate fair value due to their relatively short maturities. Our term loan and revolving credit facility bear interest at a variable interest rate plus an applicable margin and, therefore, carrying amount approximates fair value. The fair value of our term loan and revolving credit facility are estimated based on Level 2 inputs, which were quoted prices for identical or similar instruments in markets that are not active. The following table presents liabilities measured at fair value on a recurring basis (in thousands): March 31, 2016 December 31, 2015 Liabilities: Founder contingent compensation-current portion $ 2,197 $ 25,197 Contingent consideration (1) 1,911 1,911 Total liabilities $ 4,108 $ 27,108 (1) Contingent consideration is reported in Other liabilities in the accompanying Condensed Consolidated Balance Sheets. Founder Contingent Compensation Considerable judgment was required in developing the estimate of fair value of Founder Contingent Compensation. The use of different assumptions or valuation methodologies could have a material effect on the estimated fair value amounts. The fair value measurement of the Founder Contingent Compensation obligation relates to the employment agreements entered into in connection with the Company's acquisition of SkinnyPop in July 2014. As of December 31, 2015, the Company had accrued the entire liability balance of $25.2 million ratably over the contractual service period as expense in our condensed consolidated statements of comprehensive income. To determine the fair value, the Company valued the total contingent compensation liability based on the expected probability weighted compensation payments corresponding to certain contribution margin benchmarks defined in the employment agreements, as well as the associated income tax benefit using the estimated tax rates that will be in effect (Level 3). The current estimate represents the recognizable portion based on the maximum potential obligation allowable under the employment agreements. The obligation totaled $25.2 million at December 31, 2015, which consisted of $18.5 million in remaining payments based on the Company's achievement of certain contribution margin benchmarks defined in the employment agreements, and $6.7 million based on estimated tax savings to the Company associated with the tax deductibility of the payments under these employment agreements. In March 2016, the Company paid $23.0 million of the Founder Contingent Compensation obligation, leaving a remaining obligation of $2.2 million , which the Company expects to satisfy with a final payment in the second half of 2016. Refer to Note 9 for additional details regarding the founders' employment agreements. The following table summarizes the Level 3 activity (in thousands): Three Months Ended March 31, 2016 2015 Balance at beginning of the period $ 25,197 $ 6,936 Charge to expense — 4,602 Payment (23,000 ) — Balance at end of the period $ 2,197 $ 11,538 Contingent Consideration In connection with the acquisition of Paqui, LLC (“Paqui”) in April 2015, payment of a portion of the purchase price is contingent upon the achievement for the year ended December 31, 2018 ("Earn-out Period") of a defined contribution margin in excess of the sum of the original principal amount and accrued interest of the notes issued to the sellers of Paqui (see Notes Payable discussion below for additional details). As of the acquisition date, the Company estimated the fair value of the contingent consideration to be approximately $0.4 million (see Note 3) and the Company is required to reassess the fair value of the contingent consideration at each reporting period. At December 31, 2015, the Company remeasured the fair value of the contingent consideration to be approximately $1.9 million , based on a revised forecast of Paqui operating results for the Earn-out Period. At March 31, 2016, the Company remeasured the fair value of the contingent consideration, concluding no change from the fair value as of December 31, 2015. The significant inputs used in this fair value estimate include numerous gross sales scenarios for the Earn-out Period for which probabilities are assigned to each scenario to arrive at a single estimated outcome (Level 3). The estimated outcome is then discounted based on the individual risk analysis of the liability. The present value of the estimated outcome is used as the underlying price and the sum of the original principal amount and accrued interest of the notes issued to the sellers of Paqui ("Earn-Out Threshold") is used as the exercise price in the Black-Scholes option pricing model. Although the Company believes its estimates and assumptions are reasonable, different assumptions, including those regarding the operating results of Paqui, or changes in the future may result in different estimated amounts. The contingent consideration is included in Other liabilities in the accompanying condensed consolidated balance sheets. The Company will satisfy this obligation with a cash payment to the sellers of Paqui upon the achievement of the milestone discussed above. The following table summarizes the Level 3 activity (in thousands): Three Months Ended March 31, 2016 2015 Balance at beginning of the period $ 1,911 $ — Loss on change in fair value of contingent consideration — — Balance at end of the period $ 1,911 $ — Notes Payable As discussed in more detail in Note 3, in April 2015, the Company issued $3.9 million in unsecured notes to the sellers of Paqui in connection with its acquisition. The notes bear interest at a rate per annum of 1.5% with principal and interest due at maturity on March 31, 2018. The Company recorded an acquisition-date fair value discount of approximately $0.2 million based on market rates for debt instruments with similar terms (Level 3), which is amortized to interest expense over the term of the notes using the effective-interest method. Inventories Inventories are valued at the lower of cost or market using the weighted-average cost method. The Company procures certain raw material inputs and packaging from suppliers and contracts with third-party firms to assemble and warehouse finished product. The third-party co-manufacturers invoice the Company monthly for labor inputs upon the production of finished product during that period. Write-downs are provided for finished goods expected to become non-saleable due to age and provisions are specifically made for slow moving or obsolete raw ingredients and packaging. The Company also adjusts the carrying value of its inventories when it believes that the net realizable value is less than the carrying value. These write-downs are measured as the difference between the cost of the inventory, including estimated costs to complete, and estimated selling prices. Charges related to slow moving or obsolete items are recorded as a component of cost of goods sold. Charges related to packaging redesigns are recorded as a component of selling and marketing. Once inventory is written down, a new, lower-cost basis for that inventory is established. Recognition of Net Sales, Sales Incentives and Trade Accounts Receivable The Company offers its customers a variety of sales and incentive programs, including price discounts, coupons, slotting fees, in-store displays and trade advertising. The costs of these programs are recognized at the time the related sales are recorded and are classified as a reduction in net sales. These program costs are estimated based on a number of factors including customer participation and performance levels. As of March 31, 2016 and December 31, 2015 , the Company recorded total allowances against trade accounts receivable of approximately $2.0 million and $2.3 million , respectively. Recoveries of receivables previously written off are recorded when received. Concentration Risk Customers with 10% or more of the Company’s net sales consist of the following: Three Months Ended March 31, 2016 2015 Customer: Costco 29 % 35 % Sam's Club 15 % 15 % As of March 31, 2016 , Costco and Sam’s Club represented 14% and 15% , respectively, of the accounts receivable balance outstanding. The same two customers represented 15% and 13% , respectively, of the accounts receivable balance as of December 31, 2015 . The Company outsources a significant percentage of the manufacturing of its products to a single co-manufacturer in the United States. This co-manufacturer represented 44% and 36% of the accounts payable balance as of March 31, 2016 and December 31, 2015 , respectively. Earnings per Share Basic earnings per share has been computed based upon the weighted average number of common shares outstanding. The Company's unvested shares of restricted common stock contain non-forfeitable rights to dividends and are considered to be participating securities in accordance with GAAP and, therefore are included in the computation of basic earnings per share under the two-class method. The two-class method is an earnings allocation formula that determines earnings per share for each class of common shares and participating securities according to dividends declared and participation rights in undistributed earnings. Diluted earnings per share has been computed based upon the weighted average number of common shares outstanding plus the effect of all potentially dilutive common stock equivalents, except when the effect would be anti-dilutive. The dilutive effect of unvested restricted stock units ("RSUs") and unvested stock options has been accounted for using the two-class method or the treasury stock method, if more dilutive. As discussed in Note 1, in August 2015, the Company completed the Corporate Reorganization immediately prior to the Company's IPO. For purposes of computing net income per share, it is assumed that the reorganization of the Company had occurred for all periods presented and therefore the outstanding shares have been adjusted to reflect the conversion of shares that took place in contemplation of the IPO. Accordingly, the denominators in the computations of basic and diluted net income per share for the three months ended March 31, 2015, reflect the Company's reorganization. Three Months Ended March 31, (in thousands, except share and per share amounts) 2016 2015 Basic and diluted earnings per share: Numerator: Net income $ 8,402 $ 4,904 Less: net income attributable to participating securities (543 ) (452 ) Net income attributable to common shareholders 7,859 4,452 Denominator: Basic and diluted weighted average shares outstanding (1) 74,838,937 74,449,844 Less: participating securities (4,833,353 ) (6,861,107 ) Basic and diluted weighted average common shares outstanding 70,005,584 67,588,737 Basic and diluted earnings per share $ 0.11 $ 0.07 (1) Excludes the weighted average impact of 116,068 unvested RSUs and 186,264 unvested stock options for the three months ended March 31, 2016, because the effects of their inclusion would be anti-dilutive. Tax Receivable Agreement ("TRA") As discussed in Notes 1 and 9, immediately prior to the consummation of the IPO in August 2015, the Company entered into a TRA with the former holders of units in Topco. In December 2015, all of the former holders of units in Topco collectively assigned their interests to a new counterparty. The Company estimated an obligation of approximately $96.1 million based on the full and undiscounted amount of expected future payments under the TRA in consideration a of reduction in the Company's future U.S. federal, state and local taxes resulting from the utilization of certain tax attributes. The Company accounted for the obligation under the TRA as a dividend and elected to reduce additional paid in capital. Subsequent adjustments of the TRA obligation due to certain events, such as potential changes in tax rates or insufficient taxable income, will be recognized in the consolidated statements of comprehensive income. Future cash payments under the TRA will be classified as a financing activity on the condensed consolidated statements of cash flows. Recent Accounting Pronouncements In March 2016, the FASB issued Accounting Standards Update ("ASU") No. 2016-09, "Compensation – Stock Compensation: Improvements to Employee Share-Based Payment Accounting", which is intended to simplify several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. ASU 2016-09 is effective for interim and annual periods beginning after December 15, 2016. Early application is permitted. The Company is in the process of assessing the impact of the adoption of ASU 2016-09 on its financial position, results of operations, cash flows and financial statement disclosures. In February 2016, the FASB issued ASU No. 2016-02, "Leases (Topic 842)", which requires lessees to recognize assets and liabilities related to lease arrangements longer than twelve months on the balance sheet. This standard also requires additional disclosures by lessees and contains targeted changes to accounting by lessors. The updated guidance is effective for interim and annual periods beginning after December 15, 2018, and early adoption is permitted. The Company is in the process of assessing the impact of the adoption of ASU No. 2016-02 on its financial position, results of operations, cash flows and financial statement disclosures. In August 2015, the FASB issued ASU No. 2015-15, “Presentation and Subsequent Measurement of Debt Issuance Costs Associated With Line-of-Credit Arrangements-Amendments to SEC Paragraphs Pursuant to Staff Announcement at June 18, 2015 EITF Meeting” to clarify that given the absence of authoritative guidance within ASU No. 2015-03 for debt issuance costs related to the line-of-credit arrangements, such costs may be presented as an asset and subsequently amortized ratably over the term of the line-of-credit arrangement. See discussion below regarding adoption of ASU 2015-03. In July 2015, the FASB issued ASU 2015-11, "Simplifying the Measurement of Inventory", which applies to inventory that is measured using first-in, first-out ("FIFO") or average cost. Under the updated guidance, an entity should measure inventory that is within scope at the lower of cost and net realizable value, which is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. This ASU is effective for annual and interim periods beginning after December 15, 2016, and should be applied prospectively. The Company is currently assessing the impact of the adoption of ASU No. 2015-11 on its financial position, results of operations and financial statement disclosures. In April 2015, the FASB issued ASU No. 2015-03, “Simplifying the Presentation of Debt Issuance Costs”, which changes the presentation of debt issuance costs in financial statements. ASU No. 2015-03 requires an entity to present such costs in the balance sheet as a direct deduction from the related debt liability, rather than as an asset. Amortization of the costs will continue to be reported as interest expense. The Company adopted the provisions of ASU 2015-03 retrospectively on January 1, 2016. Debt issuance costs are now presented as a reduction to the Senior term loan balance on the condensed consolidated balance sheet as of March 31, 2016 and December 31, 2015. As a result, the Company reclassified $2.9 million of debt issuance costs from Other assets to Senior term loan on the condensed consolidated balance sheet as of December 31, 2015. The adoption of ASU 2015-03 did not impact the Company's condensed consolidated statements of comprehensive income or condensed consolidated statements of cash flows. In August 2014, the FASB issued ASU No. 2014-15, “Presentation of Financial Statements—Going Concern: Disclosures about an Entity’s Ability to Continue as a Going Concern”. The new standard requires management to perform interim and annual assessments of an entity’s ability to continue as a going concern within one year of the date the financial statements are issued. An entity must provide certain disclosures if conditions or events raise substantial doubt about the entity’s ability to continue as a going concern. The new guidance is effective for annual periods ending after December 15, 2016, and interim periods thereafter. The Company is currently assessing the impact of the adoption of ASU No. 2014-15 on its financial position, results of operations and financial statement disclosures. In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers”. This ASU supersedes the revenue recognition requirements in Accounting Standards Codification 605, “Revenue Recognition”, and most industry-specific guidance throughout the Codification. The standard requires entities to recognize the amount of revenue that reflects the consideration to which the company expects to be entitled in exchange for the transfer of promised goods or services to customers. In August 2015, the FASB issued ASU No. 2015-14, Revenue from Contracts with Customers: Deferral of the Effective Date, which deferred the effective date of ASU No. 2014- 09 by one year, to December 15, 2017 for interim and annual reporting periods beginning after that date. The FASB will permit early adoption of the standard, but not before the original effective date of December 15, 2016. The Company is in the process of assessing both the method and the impact of the adoption of ASU No. 2014-09 on its financial position, results of operations, cash flows and financial statement disclosures.

Acquisition

Acquisition	3 Months Ended
	Mar. 31, 2016
Business Combinations [Abstract]
Acquisition	ACQUISITION In April 2015, the Company acquired Paqui, a manufacturer and marketer of tortilla chips and pre-packaged tortillas for total consideration of approximately $11.9 million . This acquisition has been accounted for under the acquisition method of accounting, whereby the purchase consideration was allocated to tangible and intangible net assets acquired and liabilities assumed at their estimated fair values on the date of acquisition. The excess purchase consideration over fair value of net assets acquired and liabilities assumed was recorded as goodwill and represents a value attributable to brand recognition associated with Paqui’s products and position in the BFY snack category. The Company has completed its review of the purchase consideration and estimated fair value of assets acquired and liabilities assumed at the date of acquisition. The following table summarizes the purchase consideration and estimated fair value of assets acquired and liabilities assumed at the date of acquisition (in thousands): Purchase consideration: Cash paid as purchase consideration $ 8,214 Fair value of notes payable issued to sellers as consideration 3,715 Fair value of contingent consideration 390 Total purchase consideration 12,319 Less: cash and cash equivalents acquired (384 ) Total purchase price-net of cash and cash equivalents acquired 11,935 Fair value of net assets acquired and liabilities assumed: Current assets 174 Property and equipment 31 Indefinite-lived identifiable intangible asset-trade name 9,000 Definite-lived identifiable intangible assets-customer relationships 1,310 Current liabilities (307 ) Total fair value of net assets acquired and liabilities assumed 10,208 Excess purchase consideration over fair value of net assets acquired (goodwill) $ 1,727 Management evaluated the impact to the Company's financial statements of the Paqui acquisition and concluded that the impact was not significant enough to require or separately warrant the inclusion of pro forma financial results inclusive of Paqui.

Inventory

Inventory	3 Months Ended
	Mar. 31, 2016
Inventory Disclosure [Abstract]
Inventory	INVENTORY Inventories, net of reserves and provisions, consist of the following (in thousands): March 31, 2016 December 31, 2015 Raw materials and packaging $ 3,370 $ 4,433 Finished goods 3,710 2,396 Inventories, net $ 7,080 $ 6,829 As of March 31, 2016 and December 31, 2015, we had approximately $0.5 million and $0.7 million , respectively, in reserves for finished goods deemed unsaleable and raw materials and packaging deemed obsolete. If future demand or market conditions are less favorable than those projected by our management, additional inventory write-downs may be required.

Property and Equipment

Property and Equipment	3 Months Ended
	Mar. 31, 2016
Property, Plant and Equipment [Abstract]
Property and Equipment	PROPERTY AND EQUIPMENT Property and equipment are recorded at cost. Accumulated depreciation is recognized ratably over the expected useful life of the asset. Property and equipment, net consist of the following (in thousands): March 31, 2016 December 31, 2015 Machinery and equipment $ 1,170 $ 1,128 Furniture and fixtures 845 664 Leasehold improvements 926 911 Property and equipment, gross 2,941 2,703 Less: accumulated depreciation (657 ) (550 ) Property and equipment, net $ 2,284 $ 2,153 Depreciation expense was approximately $0.1 million and less than $0.1 million for three months ended March 31, 2016 and 2015, respectively. Depreciation expense is included in cost of goods sold and general and administrative expense in the accompanying condensed consolidated statements of comprehensive income.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Mar. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	GOODWILL AND INTANGIBLE ASSETS Goodwill consists of the following (in thousands): March 31, 2016 December 31, 2015 Beginning balance $ 47,421 $ 45,694 Acquired during the period — 1,727 Ending balance $ 47,421 $ 47,421 Intangible assets consist of the following (in thousands): March 31, 2016 December 31, 2015 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Intangible assets with indefinite lives: Trade names $ 211,900 $ — $ 211,900 $ 211,900 $ — $ 211,900 Intangible assets with finite lives: Customer relationships 63,610 (7,173 ) 56,437 63,610 (6,113 ) 57,497 Non-competition agreement 90 (22 ) 68 90 (19 ) 71 Total $ 275,600 $ (7,195 ) $ 268,405 $ 275,600 $ (6,132 ) $ 269,468 Amortization of finite-lived intangibles was approximately $1.1 million and $1.0 million for the three months ended March 31, 2016 and 2015, respectively. Amortization of finite-lived intangible assets is included as part of general and administrative expense in the accompanying condensed consolidated statements of comprehensive income. The estimated future amortization expense related to finite-lived intangible assets is as follows as of March 31, 2016 (in thousands): Remainder of 2016 $ 3,191 2017 4,254 2018 4,254 2019 4,254 2020 4,254 Thereafter 36,298 ASC 350, "Intangibles- Goodwill and Other", requires companies to test goodwill and indefinite-lived intangibles for impairment annually and more frequently if indicators of impairment exist. Accordingly, the Company performed its annual assessment of fair value as of July 1, 2015 for its SkinnyPop and Paqui reporting units and concluded there was no impairment related to goodwill and indefinite-lived intangibles.

Accrued Liabilities

Accrued Liabilities	3 Months Ended
	Mar. 31, 2016
Payables and Accruals [Abstract]
Accrued Liabilities	ACCRUED LIABILITIES The following table shows the components of accrued liabilities (in thousands): March 31, 2016 December 31, 2015 Accrued income taxes $ 4,074 $ 437 Unbilled inventory 1,582 693 Accrued commissions 738 629 Accrued bonuses 556 2,545 Accrued marketing expense 194 89 Accrued professional fees 580 398 Other accrued liabilities 822 439 Total accrued liabilities $ 8,546 $ 5,230

Debt

Debt	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Debt	Debt consists of the following (in thousands): March 31, 2016 December 31, 2015 Term loan $ 194,750 $ 197,313 Revolving credit facility (1) — — Notes payable, net of discount of $132 and $147, respectively 3,773 3,757 Deferred financing costs, net of accumulated amortization of $1,295 and $1,094, respectively (2) (2,658 ) (2,859 ) Total debt 195,865 198,211 Less: Current portion (12,750 ) (12,750 ) Long-term debt $ 183,115 $ 185,461 (1) In April 2016, the Company borrowed $12.0 million under the revolving credit facility to partially fund an acquisition. Refer to Note 13 for additional details regarding this transaction. (2) Upon adoption of ASU 2015-03, the Company is now presenting deferred financing costs, net as a reduction to the related liability in the condensed consolidated balance sheets as of March 31, 2016 and December 31, 2015. As a result, the deferred financing costs, net balance of approximately $2.9 million was reclassified from Other assets to Senior term loan on the condensed consolidated balance sheet as of December 31, 2015. Credit Facility In July 2014, the Company entered into a credit agreement which initially provided for a $150.0 million term loan facility and a $7.5 million revolving credit facility. The term loan facility and revolving credit facility are hereinafter collectively referred to as the “Credit Facility”. The Company used the proceeds from this term loan borrowing to partially finance the acquisition of SkinnyPop, in July 2014. In December 2014, the Company amended the Credit Facility to increase term loan borrowings by $50.0 million to a total of $200.0 million . The Company used the proceeds from this term loan borrowing to partially finance a $59.8 million distribution paid to members of Topco, in December 2014. In May 2015, the Company amended the Credit Facility to (i) increase term loan borrowings by $7.5 million to a total of $205 million , net of principal payments made in the first quarter of 2015 totaling $2.5 million , and (ii) increase the capacity under the revolving credit facility by $17.5 million to a total of $25 million . The Company used the proceeds from this term loan borrowing along with a $15 million borrowing under the revolving credit facility to finance a $22.3 million distribution paid to members of Topco, in May 2015. The Credit Facility is scheduled to mature on July 17, 2019, with an option to extend the maturity of the term loan with the consent of lenders willing to provide such extension. The term loans under the Credit Facility, amortize in equal quarterly installments of approximately $2.6 million , with the balance due at maturity. The Credit Facility also provides that, upon satisfaction of certain conditions, the Company may increase the aggregate principal amount of the loans outstanding thereunder by an amount not to exceed $50 million , subject to receipt of additional lending commitments for such loans. Interest Outstanding term loan and revolving credit facility borrowings under the Credit Facility bear interest at a rate per annum equal to (a) the Eurodollar Rate plus 4.50% or (b) the Base Rate (equal in this context to the greater of (i) the prime rate, (ii) the federal funds rate plus 1/2 of 1.00% and (iii) the Eurodollar Rate plus 1.00% ) (but subject to a minimum of 2.00% ) plus 3.50% . The interest rate on our outstanding indebtedness was 5.5% % per annum at March 31, 2016. We are required to pay a commitment fee on the unused commitments under the revolving credit facility at a rate equal to 0.50% per annum. Guarantees The loans and other obligations under the Credit Facility (including in respect of hedging agreements and cash management obligations) are (a) guaranteed by the Company and its existing and future wholly-owned U.S. subsidiaries and (b) secured by substantially all of the assets of the Company and its existing and future wholly-owned U.S. subsidiaries, in each case subject to certain customary exceptions and limitations. Covenants As of the last day of any fiscal quarter of the Company, the terms of the Credit Facility require the Company and its subsidiaries (on a consolidated basis and subject to certain customary exceptions) to maintain (x) a maximum total funded debt to consolidated EBITDA ratio of not more than 4.25 to 1.0, initially, and decreasing to 2.25 to 1.0 over the term of the Credit Facility and (y) a minimum fixed charge coverage ratio of not less than 1.10 to 1.00. As of March 31, 2016 , the Company was in compliance with our financial covenants. In addition, the Credit Facility contains (a) customary provisions related to mandatory prepayment of the loans thereunder with (i) 50% of Excess Cash Flow (as defined in the Credit Facility), subject to step-downs to 25% and 0% of Excess Cash Flow at certain leverage-based thresholds and (ii) the proceeds of asset sales and casualty events (subject to certain customary limitations, exceptions and reinvestment rights) and (b) certain covenants that, among other things, restrict additional indebtedness, liens and encumbrances, investments, acquisitions, loans and advances, mergers, consolidations and asset dispositions, dividends and other restricted payments, transactions with affiliates and other matters customarily restricted in such agreements, in each case, subject to certain customary exceptions. Based on the calculation of Excess Cash Flow and the Company's Senior Secured Leverage Ratio (as defined in the Credit Facility) as of December 31, 2015, the Company will make a prepayment on the term loan of $2.5 million , no later than May 6, 2016. Although the Credit Facility generally prohibits payments and dividends and distributions, we are permitted, subject to certain customary conditions such absence of events of default and compliance with financial covenants, to make payments, dividends or distributions including (a) earnout payments, (b) payments, dividends or distributions in cash from retained excess cash flow and certain proceeds from distributions from or sales of investments, (c) payments, dividends or distributions in an unlimited amount from the proceeds of equity issuances and (d) payments, dividends or distributions not to exceed $5.0 million in the aggregate. Under the Credit Facility the Founder Contingent Compensation may be paid at any time so long as no payment default under the Credit Facility has occurred and is continuing and, immediately after giving effect to such payment, the Company has at least $5.0 million of cash and cash equivalents subject to a first priority lien in favor of the lenders party thereto plus availability under the revolving facility. In March 2016, the Company paid $23.0 million of the Founder Contingent Compensation liability. The Credit Facility also contains customary events of default, including payment defaults, breaches of representations and warranties, covenant defaults, cross-defaults to certain material indebtedness in excess of specified amounts, certain events of bankruptcy and insolvency, certain ERISA events, judgments in excess of specified amounts, certain impairments to the guarantees or collateral documents, and change in control defaults. Other Certain of the lenders under the Credit Facility (or their affiliates) may provide, certain commercial banking, financial advisory and investment banking services in the ordinary course of business for the Company and its subsidiaries, for which they receive customary fees and commissions. Notes Payable As discussed in more detail in Note 3, in April 2015, the Company issued $3.9 million in unsecured notes to the sellers of Paqui in connection with its acquisition. The notes bear interest at a rate per annum of 1.5% with principal and interest due at maturity on March 31, 2018. The Company recorded an acquisition-date fair value discount of approximately $0.2 million based on market rates for debt instruments with similar terms, which is amortized to interest expense over the term of the notes using the effective-interest method. Annual maturities of debt (excluding the fair value discount of approximately $0.1 million and deferred financing costs of $2.7 million ) as of March 31, 2016 are as follows (in thousands): Remainder of 2016 $ 10,188 2017 10,250 2018 14,155 2019 164,062 2020 — Total $ 198,655

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2016
Related Party Transactions [Abstract]
Related Party Transactions	RELATED PARTY TRANSACTIONS Employment Agreements In July 2014, the Company entered into employment agreements with the founders of SkinnyPop. Under the terms of the founders' employment agreements, which ended on December 31, 2015, each founder received an annual base salary of $200,000 and were also each eligible to receive a cash payment of up to $10 million (the “Cash Payment”), based on achievement by the Company of certain contribution margin metrics during the period commencing on January 1, 2015 and ending on December 31, 2015. Furthermore, in connection with the Cash Payment, the Company will provide each founder with an additional payment equal to (i) in the case of the taxable year in which the cash payment is paid or any subsequent taxable year, the net excess (if any) of (A) the taxes that would have been paid by the Company in respect of such taxable year calculated without taking into account the Cash Payment over (B) the actual taxes payable by the Company in respect of such taxable year and (ii) in the case of any taxable year prior to the year in which the cash payment is paid, the amount of any tax refund resulting from carrying back any operating losses to the extent attributable to the Cash Payment. Refer to Note 2 for additional details regarding the estimated obligation related to the employment agreements and the associated payments. Tax Receivable Agreement Immediately prior to the consummation of the IPO in August 2015, the Company entered into a Tax Receivable Agreement ("TRA") with the former holders of units in Topco. In December 2015, all of the former holders of units in Topco collectively assigned their interests to a new counterparty. The TRA generally provides for payment by the Company to the counterparty of 85% of the U.S. federal, state and local tax benefits realized by the Company and its subsidiaries from the utilization of certain tax attributes that were generated when SkinnyPop was acquired by investment funds affiliated with TA Associates in July 2014. The Company will retain approximately 15% of the U.S. federal, state and local tax benefits realized from the utilization of such tax attributes. Unless earlier terminated in accordance with its terms, the TRA will continue in force and effect until there is no further potential for tax benefit payments to be made by the Company to the counterparty in respect of the U.S. federal, state and local tax benefits that are subject of the agreement. Based on current tax rules and regulations, the Company would expect the potential for tax benefit payments to cease no later than 2030. The amount payable to the counterparty is based on an annual calculation of the reduction in the Company's U.S. federal, state and local taxes resulting from the utilization of these tax attributes. For purposes of determining the reduction in taxes resulting from the utilization of these pre-IPO tax attributes, the Company was required to assume that pre-IPO tax attributes are utilized before any other attributes. The Company expects the payments that it may make under the TRA will be substantial. In addition if the IRS were to successfully challenge the tax benefits that give rise to any payments under the TRA, the Company's future payments under the TRA would be reduced by the amount of such payments, but the TRA does not require the counterparty to reimburse the Company for the amount of such payments to the extent they exceed any future amounts payable under the TRA. In August 2015, the Company recorded an obligation of approximately $96.1 million based on the full and undiscounted amount of expected future payments under the TRA, with a corresponding reduction to additional paid in capital. The Company's first annual estimated payment in the amount of approximately $6.6 million is expected to be paid during 2016. Subsequent adjustments of the TRA obligation due to certain events, such as potential changes in tax rates or insufficient taxable income, will be recognized as a period expense in the statement of comprehensive income. Monticello Partners LLC Lease Agreement The Company leases office space from a related party, Monticello Partners LLC, which is wholly owned by one of the Company's shareholders. The lease agreement expires on August 31, 2017 and the Company is responsible for all taxes and utilities. Payments under this agreement were not material to the periods presented. Future minimum lease payments for this lease, which had a non-cancelable lease term in excess of one year as of March 31, 2016 , were as follows (in thousands): Remainder of 2016 $ 21 2017 20 Total $ 41

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	COMMITMENTS AND CONTINGENCIES Purchase Commitments The Company entered into certain supply contracts for their popcorn kernels and sunflower oil for various periods through October 2018. As of March 31, 2016 , the Company’s purchase commitments remaining under these contracts totaled $25.1 million . The contracts also stipulate that if the Company fails to purchase the stated quantities within the time period specified, the Company has the option to purchase all remaining quantities under the contract, or the seller has the right to assess liquidated damages, including payment of the excess of the contract price over the market price for all remaining contracted quantities not purchased. On April 29, 2015, the Company and a third-party co-manufacturer amended their manufacture and supply agreement dated February 27, 2014 (the “Amended Contract”). The Amended Contract extends the initial term through February 27, 2022. Pursuant to the terms of the Amended Contract, the Company is required to pay an early termination fee and is obligated to make certain annual minimum purchases from the third-party co-manufacturer. As part of the Amended Contract, the Company purchased $1.9 million of film and corrugate raw materials from the third-party co-manufacturer. Lease Commitments The Company entered into an operating lease on February 26, 2015 ("Effective Date") for its corporate headquarters located in Austin, Texas. The lease in non-cancellable and has a nine year term. Rent expense from operating leases totaled approximately $0.1 million and less than $0.1 million for the three months ended March 31, 2016 and March 31, 2015, respectively. As of March 31, 2016 , minimum rental commitments under non-cancellable operating leases were as follows (in thousands): Remainder of 2016 $ 272 2017 360 2018 349 2019 358 2020 366 Thereafter 1,312 Total $ 3,017 Legal Matters From time to time, the Company is subject to claims and assessments in the ordinary course of business. The Company is not currently a party to any litigation matter that, individually or in the aggregate, is expected to have a material adverse effect on the Company’s business, financial condition, results from operations or cash flow.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2016
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES The Company's effective tax rate for the year is dependent on many factors, including the impact of enacted tax laws in jurisdictions in which the Company operates and the amount of taxable income the Company earns. The effective tax rate was 41.2% and 44.3% for the three months ended March 31, 2016 and March 31, 2015, respectively.

Equity-Based Compensation

Equity-Based Compensation	3 Months Ended
	Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Equity-Based Compensation	EQUITY-BASED COMPENSATION In July 2015, the Amplify Snack Brands, Inc. 2015 Stock Option and Incentive Plan (the "2015 Plan") was adopted by the Company's board of directors, approved by the Company's stockholders and became effective immediately prior to the consummation of the Company's IPO in August 2015. The 2015 Plan provides for the grant of various equity-based incentive awards to officers, employees, non-employee directors and consultants of the Company and its subsidiaries. The types of awards that may be granted under the 2015 Plan include incentive stock options, non-qualified stock options, restricted stock awards ("RSAs"), restricted stock units ("RSUs"), stock appreciation rights ("SARs") and other equity-based awards. The Company initially reserved 13,050,000 shares of common stock for issuance under the 2015 Plan, which is subject to certain adjustments for changes in the Company's capital structure, as defined in the 2015 Plan. As of March 31, 2016, 5,328,905 shares were available for issuance under the 2015 Plan. Stock Options The Company awards stock options to certain employees under the 2015 Plan, which are subject to the following time-based vesting conditions, 33.333% on the first anniversary of the grant date, and thereafter, 2.778% on the monthly anniversary of the grant date for the remaining 24 months , subject to continued service through each applicable vesting date. Upon a termination of service relationship by the Company, all unvested options will be forfeited and the shares of common stock underlying such award will become available for issuance under the 2015 Plan. The maximum contractual term for stock options is 10 years . The fair value of these equity awards is amortized to equity-based compensation expense over the vesting periods described above, which totaled approximately $0.1 million and $0 for the three months ended March 31, 2016 and March 31, 2015, respectively. The fair value of stock option awards are estimated on the grant date using the Black-Scholes valuation model with the following assumptions: Three Months Ended March 31, 2016 Expected volatility (1) 34% Expected dividend yield (2) —% Expected option term (3) 5 years Risk-free interest rate (4) 1.45% (1) The expected volatility assumption was calculated based on a peer group analysis of stock price volatility with a five-year look back period ending on the grant date. (2) We have not paid and do not anticipate paying a cash dividend on our common stock. (3) We utilized the simplified method to determine the expected term of the stock options since we do not have sufficient historical exercise data to provide a reasonable basis upon which to estimate expected term. (4) The risk-free interest rate was based on the U.S. Treasury yield curve in effect at the time of grant, which corresponds to the expected term of the stock options. The following table summarizes the Company's stock option activity for the three months ended March 31, 2016: Number of Options Weighted Average Remaining Contractual Life (years) Weighted Average Exercise Price Weighted Average Grant Date Fair Value Outstanding as of January 1, 2016 150,000 9.72 $ 10.72 $ 3.50 Granted 150,000 9.95 11.92 3.81 Exercised — — — — Forfeited — — — — Outstanding as of March 31, 2016 300,000 9.83 $ 11.32 $ 3.66 Exercisable as of March 31, 2016 — As of March 31, 2016, the total compensation cost related to nonvested stock options not yet recognized was approximately $1.0 million with a weighted average remaining period of 2.83 years over which it is expected to be recognized. The aggregate intrinsic value of outstanding stock options at March 31, 2016 was $0.9 million . Restricted Stock Units ("RSUs") The Company awards RSUs to certain employees under the 2015 Plan, which vest over a three or four year period. RSUs that vest over a three year period are subject to the following time-based vesting conditions, 33.333% on the first anniversary of the grant date, and thereafter, 2.778% on the monthly anniversary of the grant date for the remaining 24 months , subject to continued service through each applicable vesting date. RSUs that vest over a four year period are subject to the following time-based vesting conditions, 25% on the first anniversary of the grant date, and thereafter, 6.25% on the quarterly anniversary of the grant date for the remaining 36 months , subject to continued service through each applicable vesting date. Upon a termination of service relationship by the Company, all unvested units will be forfeited and the shares of common stock underlying such award will become available for issuance under the 2015 Plan. The fair value of RSUs is calculated based on the closing market value of the Company’s common stock on the date of grant. The fair value of these equity awards is amortized to equity-based compensation expense over the vesting periods described above, which totaled approximately $0.1 million and $0 for the three months ended March 31, 2016 and March 31, 2015, respectively. The following table summarizes the activity of the Company's unvested RSUs for the three months ended March 31, 2016: Number of RSUs Weighted Average Grant Date Fair Value Unvested as of January 1, 2016 98,500 $ 12.65 Issued 106,079 11.92 Forfeited (8,750 ) 12.65 Vested — — Unvested as of March 31, 2016 195,829 $ 12.25 As of March 31, 2016, the total compensation cost related to unvested RSUs not yet recognized was approximately $2.2 million with a weighted average remaining period of 3.33 years over which it is expected to be recognized. Restricted Stock Awards ("RSAs") As discussed in Note 1, in connection with the Corporate Reorganization in August 2015, all of the outstanding equity awards (which were comprised of Class C-1 and C-2 units of Topco) that were granted under the TA Topco 1, LLC 2014 Equity Incentive Plan, were converted into shares of the common stock and restricted stock of the Company. The portion of outstanding Class C units that had vested as of the consummation of the Corporate Reorganization were converted into shares of the Company’s common stock and the remaining portion of unvested outstanding Class C units were converted into shares of the Company’s restricted stock, which were granted under the 2015 Plan. The shares of restricted stock of the Company are generally subject to the following time-based vesting conditions, in accordance with the terms and conditions of the Class C units from which such shares were converted, 25% on the first anniversary of the vesting reference date applicable to individual grants, and thereafter, 2.0833% on the final day of each of the following 36 months, subject to continued service through each applicable vesting date. Upon a termination of service relationship by the Company, all unvested awards will be forfeited and the shares of common stock underlying such award will become available for issuance under the 2015 Plan. The fair value of these equity awards is amortized to equity-based compensation expense over the vesting periods described above, which totaled approximately $0.9 million and $0.8 million for the three months ended March 31, 2016 and March 31, 2015, respectively. Equity-based compensation expense is included as part of general and administrative expense in the accompanying condensed consolidated statements of comprehensive income. The following table summarizes the activity of the Company's unvested RSAs for the three months ended March 31, 2016: Number of RSAs Weighted Average Grant Date Fair Value Unvested as of January 1, 2016 4,991,858 $ 1.45 Issued — — Forfeited (29,467 ) 1.05 Vested (479,370 ) 1.49 Unvested as of March 31, 2016 4,483,021 $ 1.45 As of March 31, 2016, the total compensation cost related to unvested RSAs not yet recognized was approximately $7.7 million with a weighted average remaining period of 2.41 years over which it is expected to be recognized.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2016
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENTS On April 29, 2016, the Company completed the acquisition of Boundless Nutrition, LLC ("Boundless Nutrition") for total consideration of approximately $20.8 million , which includes $4.0 million of notes payable that mature at various dates between April 29, 2017 and December 31, 2018. The Company may be required to pay additional consideration of up to $10 million in 2019, which is contingent upon the achievement of a defined contribution margin for the year ended December 31, 2018 ("Earn-out Period"), in excess of the sum of the original principal amount and accrued interest of notes issued to the sellers of Boundless Nutrition. Based in Austin, Texas, Boundless Nutrition manufactures and distributes its Oatmega protein snack bars and Perfect Cookie products to natural, grocery, mass and foodservice retail partners across the United States. The Company borrowed $12.0 million under the revolving credit facility and used $4.5 million of cash on hand, excluding holdback amounts of $0.3 million , to fund the acquisition of Boundless Nutrition.

Summary of Significant Accoun20

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Basis of Presentation and Interim Financial Statements	Basis of Presentation The accompanying interim condensed consolidated balance sheets as of March 31, 2016 and December 31, 2015 , the interim condensed consolidated statement of shareholders' equity for the three months ended March 31, 2016 and March 31, 2015, the interim condensed consolidated statements of comprehensive income for the three months ended March 31, 2016 and March 31, 2015, and the interim condensed consolidated statements of cash flows for the three months ended March 31, 2016 and March 31, 2015, are unaudited. Interim Financial Statements The accompanying unaudited interim condensed consolidated financial statements of Amplify Snack Brands, Inc. (“Condensed Consolidated Financial Statements”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X of the Securities and Exchange Commission. Accordingly, they do not include all of the information and footnotes required for annual financial statements. The Condensed Consolidated Financial Statements include the accounts of the Company and its wholly-owned subsidiaries. All significant intercompany balances and transactions have been eliminated. The Condensed Consolidated Financial Statements have been prepared on the same basis as the audited consolidated financial statements at and for the fiscal year ended December 31, 2015, and in the opinion of management, include all adjustments, consisting only of normal recurring adjustments, with the exception of retrospective adoption of ASU 2015-03 as discussed herein, necessary for the fair presentation of the financial position as of March 31, 2016 and results of our operations for the three months ended March 31, 2016 and March 31, 2015, and cash flows for the three months ended March 31, 2016 and March 31, 2015. The interim results for the three months ended March 31, 2016 are not necessarily indicative of the results that may be expected for the year ending December 31, 2016 . Therefore, the Condensed Consolidated Financial Statements should be read in conjunction with the audited consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission on March 29, 2016. Operating results for the three months ended March 31, 2016 are not necessarily indicative of the results that may be expected for any future periods.
Use of Estimates	Use of Estimates The unaudited interim condensed consolidated financial statements are prepared in conformity with GAAP. Management is required to make 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 net sales and expenses during the reporting period. The Company routinely evaluates its estimates, including those related to accruals and allowances for customer programs and incentives, bad debts, income taxes, long-lived assets, inventories, equity-based compensation, accrued broker commissions and contingencies. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances. Actual results could differ from those estimates.
Segment Reporting	Segment Reporting The Company operates as one reportable segment: the marketing and distribution of BFY, ready-to-eat ("RTE") snacking products. Management made this determination based on the similar quantitative and qualitative characteristics of our products. Our chief executive officer is considered to be our chief operating decision maker. He reviews our operating results on an aggregate basis for purposes of allocating resources and evaluating financial performance.
Fair Value of Financial Instruments	Fair Value of Financial Instruments Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants at the reporting date. The accounting guidance establishes a three-tiered hierarchy, which prioritizes the inputs used in the valuation methodologies in measuring fair value: Level 1—Quoted prices in active markets for identical assets or liabilities. Level 2—Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3—Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. The categorization of a financial instrument within the valuation hierarchy is based on the lowest level of input that is significant to the fair value measurement. The carrying amounts of the Company’s financial instruments, including cash, accounts receivable, accounts payable and accrued liabilities, approximate fair value due to their relatively short maturities. Our term loan and revolving credit facility bear interest at a variable interest rate plus an applicable margin and, therefore, carrying amount approximates fair value. The fair value of our term loan and revolving credit facility are estimated based on Level 2 inputs, which were quoted prices for identical or similar instruments in markets that are not active.
Inventories	Inventories Inventories are valued at the lower of cost or market using the weighted-average cost method. The Company procures certain raw material inputs and packaging from suppliers and contracts with third-party firms to assemble and warehouse finished product. The third-party co-manufacturers invoice the Company monthly for labor inputs upon the production of finished product during that period. Write-downs are provided for finished goods expected to become non-saleable due to age and provisions are specifically made for slow moving or obsolete raw ingredients and packaging. The Company also adjusts the carrying value of its inventories when it believes that the net realizable value is less than the carrying value. These write-downs are measured as the difference between the cost of the inventory, including estimated costs to complete, and estimated selling prices. Charges related to slow moving or obsolete items are recorded as a component of cost of goods sold. Charges related to packaging redesigns are recorded as a component of selling and marketing. Once inventory is written down, a new, lower-cost basis for that inventory is established.
Recognition of Net Sales, Sales Incentives and Trade Accounts Receivable	Recoveries of receivables previously written off are recorded when received. Recognition of Net Sales, Sales Incentives and Trade Accounts Receivable The Company offers its customers a variety of sales and incentive programs, including price discounts, coupons, slotting fees, in-store displays and trade advertising. The costs of these programs are recognized at the time the related sales are recorded and are classified as a reduction in net sales. These program costs are estimated based on a number of factors including customer participation and performance levels.
Earnings Per Share/Unit	Earnings per Share Basic earnings per share has been computed based upon the weighted average number of common shares outstanding. The Company's unvested shares of restricted common stock contain non-forfeitable rights to dividends and are considered to be participating securities in accordance with GAAP and, therefore are included in the computation of basic earnings per share under the two-class method. The two-class method is an earnings allocation formula that determines earnings per share for each class of common shares and participating securities according to dividends declared and participation rights in undistributed earnings. Diluted earnings per share has been computed based upon the weighted average number of common shares outstanding plus the effect of all potentially dilutive common stock equivalents, except when the effect would be anti-dilutive. The dilutive effect of unvested restricted stock units ("RSUs") and unvested stock options has been accounted for using the two-class method or the treasury stock method, if more dilutive. As discussed in Note 1, in August 2015, the Company completed the Corporate Reorganization immediately prior to the Company's IPO. For purposes of computing net income per share, it is assumed that the reorganization of the Company had occurred for all periods presented and therefore the outstanding shares have been adjusted to reflect the conversion of shares that took place in contemplation of the IPO. Accordingly, the denominators in the computations of basic and diluted net income per share for the three months ended March 31, 2015, reflect the Company's reorganization.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In March 2016, the FASB issued Accounting Standards Update ("ASU") No. 2016-09, "Compensation – Stock Compensation: Improvements to Employee Share-Based Payment Accounting", which is intended to simplify several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. ASU 2016-09 is effective for interim and annual periods beginning after December 15, 2016. Early application is permitted. The Company is in the process of assessing the impact of the adoption of ASU 2016-09 on its financial position, results of operations, cash flows and financial statement disclosures. In February 2016, the FASB issued ASU No. 2016-02, "Leases (Topic 842)", which requires lessees to recognize assets and liabilities related to lease arrangements longer than twelve months on the balance sheet. This standard also requires additional disclosures by lessees and contains targeted changes to accounting by lessors. The updated guidance is effective for interim and annual periods beginning after December 15, 2018, and early adoption is permitted. The Company is in the process of assessing the impact of the adoption of ASU No. 2016-02 on its financial position, results of operations, cash flows and financial statement disclosures. In August 2015, the FASB issued ASU No. 2015-15, “Presentation and Subsequent Measurement of Debt Issuance Costs Associated With Line-of-Credit Arrangements-Amendments to SEC Paragraphs Pursuant to Staff Announcement at June 18, 2015 EITF Meeting” to clarify that given the absence of authoritative guidance within ASU No. 2015-03 for debt issuance costs related to the line-of-credit arrangements, such costs may be presented as an asset and subsequently amortized ratably over the term of the line-of-credit arrangement. See discussion below regarding adoption of ASU 2015-03. In July 2015, the FASB issued ASU 2015-11, "Simplifying the Measurement of Inventory", which applies to inventory that is measured using first-in, first-out ("FIFO") or average cost. Under the updated guidance, an entity should measure inventory that is within scope at the lower of cost and net realizable value, which is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. This ASU is effective for annual and interim periods beginning after December 15, 2016, and should be applied prospectively. The Company is currently assessing the impact of the adoption of ASU No. 2015-11 on its financial position, results of operations and financial statement disclosures. In April 2015, the FASB issued ASU No. 2015-03, “Simplifying the Presentation of Debt Issuance Costs”, which changes the presentation of debt issuance costs in financial statements. ASU No. 2015-03 requires an entity to present such costs in the balance sheet as a direct deduction from the related debt liability, rather than as an asset. Amortization of the costs will continue to be reported as interest expense. The Company adopted the provisions of ASU 2015-03 retrospectively on January 1, 2016. Debt issuance costs are now presented as a reduction to the Senior term loan balance on the condensed consolidated balance sheet as of March 31, 2016 and December 31, 2015. As a result, the Company reclassified $2.9 million of debt issuance costs from Other assets to Senior term loan on the condensed consolidated balance sheet as of December 31, 2015. The adoption of ASU 2015-03 did not impact the Company's condensed consolidated statements of comprehensive income or condensed consolidated statements of cash flows. In August 2014, the FASB issued ASU No. 2014-15, “Presentation of Financial Statements—Going Concern: Disclosures about an Entity’s Ability to Continue as a Going Concern”. The new standard requires management to perform interim and annual assessments of an entity’s ability to continue as a going concern within one year of the date the financial statements are issued. An entity must provide certain disclosures if conditions or events raise substantial doubt about the entity’s ability to continue as a going concern. The new guidance is effective for annual periods ending after December 15, 2016, and interim periods thereafter. The Company is currently assessing the impact of the adoption of ASU No. 2014-15 on its financial position, results of operations and financial statement disclosures. In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers”. This ASU supersedes the revenue recognition requirements in Accounting Standards Codification 605, “Revenue Recognition”, and most industry-specific guidance throughout the Codification. The standard requires entities to recognize the amount of revenue that reflects the consideration to which the company expects to be entitled in exchange for the transfer of promised goods or services to customers. In August 2015, the FASB issued ASU No. 2015-14, Revenue from Contracts with Customers: Deferral of the Effective Date, which deferred the effective date of ASU No. 2014- 09 by one year, to December 15, 2017 for interim and annual reporting periods beginning after that date. The FASB will permit early adoption of the standard, but not before the original effective date of December 15, 2016. The Company is in the process of assessing both the method and the impact of the adoption of ASU No. 2014-09 on its financial position, results of operations, cash flows and financial statement disclosures.

Summary of Significant Accoun21

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2016
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Schedule of Liabilities Measured at Fair Value on a Recurring Basis	The following table presents liabilities measured at fair value on a recurring basis (in thousands): March 31, 2016 December 31, 2015 Liabilities: Founder contingent compensation-current portion $ 2,197 $ 25,197 Contingent consideration (1) 1,911 1,911 Total liabilities $ 4,108 $ 27,108 (1) Contingent consideration is reported in Other liabilities in the accompanying Condensed Consolidated Balance Sheets.
Schedule of Concentration of Risk	Customers with 10% or more of the Company’s net sales consist of the following: Three Months Ended March 31, 2016 2015 Customer: Costco 29 % 35 % Sam's Club 15 % 15 %
Schedule of Earnings per Share/Unit	Three Months Ended March 31, (in thousands, except share and per share amounts) 2016 2015 Basic and diluted earnings per share: Numerator: Net income $ 8,402 $ 4,904 Less: net income attributable to participating securities (543 ) (452 ) Net income attributable to common shareholders 7,859 4,452 Denominator: Basic and diluted weighted average shares outstanding (1) 74,838,937 74,449,844 Less: participating securities (4,833,353 ) (6,861,107 ) Basic and diluted weighted average common shares outstanding 70,005,584 67,588,737 Basic and diluted earnings per share $ 0.11 $ 0.07 (1) Excludes the weighted average impact of 116,068 unvested RSUs and 186,264 unvested stock options for the three months ended March 31, 2016, because the effects of their inclusion would be anti-dilutive.
SkinnyPop
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Schedule of Fair Value Level 3 Activity	The following table summarizes the Level 3 activity (in thousands): Three Months Ended March 31, 2016 2015 Balance at beginning of the period $ 25,197 $ 6,936 Charge to expense — 4,602 Payment (23,000 ) — Balance at end of the period $ 2,197 $ 11,538
Paqui
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Schedule of Fair Value Level 3 Activity	The following table summarizes the Level 3 activity (in thousands): Three Months Ended March 31, 2016 2015 Balance at beginning of the period $ 1,911 $ — Loss on change in fair value of contingent consideration — — Balance at end of the period $ 1,911 $ —

Acquisition (Tables)

Acquisition (Tables)	3 Months Ended
	Mar. 31, 2016
Business Combinations [Abstract]
Schedule of Paqui Acquisition	The following table summarizes the purchase consideration and estimated fair value of assets acquired and liabilities assumed at the date of acquisition (in thousands): Purchase consideration: Cash paid as purchase consideration $ 8,214 Fair value of notes payable issued to sellers as consideration 3,715 Fair value of contingent consideration 390 Total purchase consideration 12,319 Less: cash and cash equivalents acquired (384 ) Total purchase price-net of cash and cash equivalents acquired 11,935 Fair value of net assets acquired and liabilities assumed: Current assets 174 Property and equipment 31 Indefinite-lived identifiable intangible asset-trade name 9,000 Definite-lived identifiable intangible assets-customer relationships 1,310 Current liabilities (307 ) Total fair value of net assets acquired and liabilities assumed 10,208 Excess purchase consideration over fair value of net assets acquired (goodwill) $ 1,727

Inventory (Tables)

Inventory (Tables)	3 Months Ended
	Mar. 31, 2016
Inventory Disclosure [Abstract]
Schedule of Inventory	Inventories, net of reserves and provisions, consist of the following (in thousands): March 31, 2016 December 31, 2015 Raw materials and packaging $ 3,370 $ 4,433 Finished goods 3,710 2,396 Inventories, net $ 7,080 $ 6,829

Property and Equipment (Tables)

Property and Equipment (Tables)	3 Months Ended
	Mar. 31, 2016
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment	Property and equipment, net consist of the following (in thousands): March 31, 2016 December 31, 2015 Machinery and equipment $ 1,170 $ 1,128 Furniture and fixtures 845 664 Leasehold improvements 926 911 Property and equipment, gross 2,941 2,703 Less: accumulated depreciation (657 ) (550 ) Property and equipment, net $ 2,284 $ 2,153

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	Goodwill consists of the following (in thousands): March 31, 2016 December 31, 2015 Beginning balance $ 47,421 $ 45,694 Acquired during the period — 1,727 Ending balance $ 47,421 $ 47,421
Schedule of Indefinite-Lived Intangible Assets	Goodwill consists of the following (in thousands): March 31, 2016 December 31, 2015 Beginning balance $ 47,421 $ 45,694 Acquired during the period — 1,727 Ending balance $ 47,421 $ 47,421 Intangible assets consist of the following (in thousands): March 31, 2016 December 31, 2015 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Intangible assets with indefinite lives: Trade names $ 211,900 $ — $ 211,900 $ 211,900 $ — $ 211,900 Intangible assets with finite lives: Customer relationships 63,610 (7,173 ) 56,437 63,610 (6,113 ) 57,497 Non-competition agreement 90 (22 ) 68 90 (19 ) 71 Total $ 275,600 $ (7,195 ) $ 268,405 $ 275,600 $ (6,132 ) $ 269,468
Schedule of Schedule of Finite-Lived Intangible Assets	Intangible assets consist of the following (in thousands): March 31, 2016 December 31, 2015 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Intangible assets with indefinite lives: Trade names $ 211,900 $ — $ 211,900 $ 211,900 $ — $ 211,900 Intangible assets with finite lives: Customer relationships 63,610 (7,173 ) 56,437 63,610 (6,113 ) 57,497 Non-competition agreement 90 (22 ) 68 90 (19 ) 71 Total $ 275,600 $ (7,195 ) $ 268,405 $ 275,600 $ (6,132 ) $ 269,468
Schedule of Estimated Future Amortization Expenses	The estimated future amortization expense related to finite-lived intangible assets is as follows as of March 31, 2016 (in thousands): Remainder of 2016 $ 3,191 2017 4,254 2018 4,254 2019 4,254 2020 4,254 Thereafter 36,298

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	3 Months Ended
	Mar. 31, 2016
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities	The following table shows the components of accrued liabilities (in thousands): March 31, 2016 December 31, 2015 Accrued income taxes $ 4,074 $ 437 Unbilled inventory 1,582 693 Accrued commissions 738 629 Accrued bonuses 556 2,545 Accrued marketing expense 194 89 Accrued professional fees 580 398 Other accrued liabilities 822 439 Total accrued liabilities $ 8,546 $ 5,230

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Schedule of Long-term Debt	Debt consists of the following (in thousands): March 31, 2016 December 31, 2015 Term loan $ 194,750 $ 197,313 Revolving credit facility (1) — — Notes payable, net of discount of $132 and $147, respectively 3,773 3,757 Deferred financing costs, net of accumulated amortization of $1,295 and $1,094, respectively (2) (2,658 ) (2,859 ) Total debt 195,865 198,211 Less: Current portion (12,750 ) (12,750 ) Long-term debt $ 183,115 $ 185,461 (1) In April 2016, the Company borrowed $12.0 million under the revolving credit facility to partially fund an acquisition. Refer to Note 13 for additional details regarding this transaction. (2) Upon adoption of ASU 2015-03, the Company is now presenting deferred financing costs, net as a reduction to the related liability in the condensed consolidated balance sheets as of March 31, 2016 and December 31, 2015. As a result, the deferred financing costs, net balance of approximately $2.9 million was reclassified from Other assets to Senior term loan on the condensed consolidated balance sheet as of December 31, 2015.
Schedule of Maturities of Long-term Debt	Annual maturities of debt (excluding the fair value discount of approximately $0.1 million and deferred financing costs of $2.7 million ) as of March 31, 2016 are as follows (in thousands): Remainder of 2016 $ 10,188 2017 10,250 2018 14,155 2019 164,062 2020 — Total $ 198,655

Related Party Transactions (Tab

Related Party Transactions (Tables)	3 Months Ended
	Mar. 31, 2016
Related Party Transactions [Abstract]
Schedule of Future Minimum Lease Payments	Future minimum lease payments for this lease, which had a non-cancelable lease term in excess of one year as of March 31, 2016 , were as follows (in thousands): Remainder of 2016 $ 21 2017 20 Total $ 41 As of March 31, 2016 , minimum rental commitments under non-cancellable operating leases were as follows (in thousands): Remainder of 2016 $ 272 2017 360 2018 349 2019 358 2020 366 Thereafter 1,312 Total $ 3,017

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Rental Commitments for Noncancellable Operating Leases	Future minimum lease payments for this lease, which had a non-cancelable lease term in excess of one year as of March 31, 2016 , were as follows (in thousands): Remainder of 2016 $ 21 2017 20 Total $ 41 As of March 31, 2016 , minimum rental commitments under non-cancellable operating leases were as follows (in thousands): Remainder of 2016 $ 272 2017 360 2018 349 2019 358 2020 366 Thereafter 1,312 Total $ 3,017

Equity-Based Compensation (Tabl

Equity-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Nonvested Restricted Stock Shares Activity [Table Text Block]	The following table summarizes the activity of the Company's unvested RSAs for the three months ended March 31, 2016: Number of RSAs Weighted Average Grant Date Fair Value Unvested as of January 1, 2016 4,991,858 $ 1.45 Issued — — Forfeited (29,467 ) 1.05 Vested (479,370 ) 1.49 Unvested as of March 31, 2016 4,483,021 $ 1.45
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]	The following table summarizes the activity of the Company's unvested RSUs for the three months ended March 31, 2016: Number of RSUs Weighted Average Grant Date Fair Value Unvested as of January 1, 2016 98,500 $ 12.65 Issued 106,079 11.92 Forfeited (8,750 ) 12.65 Vested — — Unvested as of March 31, 2016 195,829 $ 12.25
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	The fair value of stock option awards are estimated on the grant date using the Black-Scholes valuation model with the following assumptions: Three Months Ended March 31, 2016 Expected volatility (1) 34% Expected dividend yield (2) —% Expected option term (3) 5 years Risk-free interest rate (4) 1.45% (1) The expected volatility assumption was calculated based on a peer group analysis of stock price volatility with a five-year look back period ending on the grant date. (2) We have not paid and do not anticipate paying a cash dividend on our common stock. (3) We utilized the simplified method to determine the expected term of the stock options since we do not have sufficient historical exercise data to provide a reasonable basis upon which to estimate expected term. (4) The risk-free interest rate was based on the U.S. Treasury yield curve in effect at the time of grant, which corresponds to the expected term of the stock options.
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	The following table summarizes the Company's stock option activity for the three months ended March 31, 2016: Number of Options Weighted Average Remaining Contractual Life (years) Weighted Average Exercise Price Weighted Average Grant Date Fair Value Outstanding as of January 1, 2016 150,000 9.72 $ 10.72 $ 3.50 Granted 150,000 9.95 11.92 3.81 Exercised — — — — Forfeited — — — — Outstanding as of March 31, 2016 300,000 9.83 $ 11.32 $ 3.66 Exercisable as of March 31, 2016 —

Business Overview - Narrative (

Business Overview - Narrative (Details) - USD ($)	Aug. 05, 2015	Aug. 04, 2015	Aug. 03, 2015	Jul. 17, 2014	Mar. 31, 2016	Jul. 31, 2014
SkinnyPop
Business Acquisition [Line Items]
Total purchase consideration				$ 320,000,000
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable				25,000,000
Term Loan | Credit Facility
Business Acquisition [Line Items]
Debt instrument, face amount						$ 150,000,000
Term Loan | Credit Facility | SkinnyPop
Business Acquisition [Line Items]
Debt instrument, face amount				$ 150,000,000
Former Holders of Topco Units
Business Acquisition [Line Items]
Common shares owned (in shares)	53,656,964
IPO
Business Acquisition [Line Items]
Number of shares issued in transaction (in shares)		15,000,000
Shares issued, price per share (USD per share)		$ 18
Topco
Business Acquisition [Line Items]
Percent of common shares owned (in shares)			100.00%
Liquidation, price per share (USD per share)			$ 18
TA Associates
Business Acquisition [Line Items]
Shareholder, ownership percentage					58.20%
Restricted Stock | Former Holders of Topco Units
Business Acquisition [Line Items]
Restricted stock owned (in shares)	6,343,036

Summary of Significant Accoun32

Summary of Significant Accounting Policies - Narrative (Details)	Aug. 03, 2015USD ($)	Mar. 31, 2016USD ($)	Apr. 30, 2015USD ($)	Mar. 31, 2016USD ($)segmentshares	Mar. 31, 2015USD ($)	Dec. 31, 2015USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of reportable segments | segment				1
Allowance against trade accounts receivable		$ 1,961,000		$ 1,961,000		$ 2,272,000
Founder contingent compensation-current portion		2,197,000		2,197,000		$ 25,197,000
Payments of founder contingent compensation				$ 23,000,000	$ 0
Customer Concentration Risk | Costco | Accounts Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Concentration risk, percentage				14.00%		15.00%
Customer Concentration Risk | Sam's Club | Accounts Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Concentration risk, percentage				15.00%		13.00%
Assemblers | Supplier Concentration Risk | Accounts Payable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Concentration risk, percentage				44.00%		36.00%
SkinnyPop
Accounts, Notes, Loans and Financing Receivable [Line Items]
Contingent compensation accrual amount		25,200,000		$ 25,200,000
Founder contingent compensation-current portion						$ 25,200,000
Payments of founder contingent compensation		23,000,000
Paqui
Accounts, Notes, Loans and Financing Receivable [Line Items]
Contingent consideration (1)						1,900,000
Contractual Payments Based on Performance Thresholds [Member] | SkinnyPop
Accounts, Notes, Loans and Financing Receivable [Line Items]
Founder contingent compensation-current portion						18,500,000
Estimated Payments Based on Tax Benefit Estimate [Member] | SkinnyPop
Accounts, Notes, Loans and Financing Receivable [Line Items]
Founder contingent compensation-current portion						6,700,000
Contingent Consideration for Earn-Out Period | Paqui
Accounts, Notes, Loans and Financing Receivable [Line Items]
Contingent consideration, amount			$ 390,000
Notes Payable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Debt instrument, face amount			$ 3,900,000
Debt instrument, interest rate, stated percentage			1.50%
Unamortized discount		132,000	$ 200,000	$ 132,000		$ 147,000
Notes Payable | Paqui
Accounts, Notes, Loans and Financing Receivable [Line Items]
Contingent consideration, amount			$ 3,715,000
Former Holders of Topco Units | Tax Receivable Agreement (TRA)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded tax payment obligation	$ 96,100,000
Retained Earnings | Former Holders of Topco Units | Tax Receivable Agreement (TRA)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Issuance of tax receivable agreement	$ 96,100,000
Fair value measurements, recurring | SkinnyPop
Accounts, Notes, Loans and Financing Receivable [Line Items]
Payments of founder contingent compensation		$ 23,000,000
Restricted Stock Units
Accounts, Notes, Loans and Financing Receivable [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount | shares				116,068

Summary of Significant Accoun33

Summary of Significant Accounting Policies - Schedule of Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Founder contingent compensation-current portion	$ 2,197	$ 25,197
SkinnyPop
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Founder contingent compensation-current portion		25,200
Paqui
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration (1)		1,900
Level 3 | Fair value measurements, recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities	4,108	27,108
Level 3 | SkinnyPop | Fair value measurements, recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Founder contingent compensation-current portion	2,197	25,197
Total liabilities	2,197	25,197	$ 11,538	$ 6,936
Level 3 | Paqui | Fair value measurements, recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration (1)	$ 1,911	$ 1,911	$ 0	$ 0

Summary of Significant Accoun34

Summary of Significant Accounting Policies - Schedule of Founder Contingent Compensation Level 3 Activity (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2016	Mar. 31, 2015
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Charge to expense		$ 0	$ 4,602
Payments of founder contingent compensation		(23,000)	0
Level 3 | Fair value measurements, recurring
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Contingent consideration, beginning balance		27,108
Contingent consideration, ending balance	$ 4,108	4,108
SkinnyPop
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Payments of founder contingent compensation	(23,000)
SkinnyPop | Fair value measurements, recurring
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Payments of founder contingent compensation	(23,000)
SkinnyPop | Level 3 | Fair value measurements, recurring
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Contingent consideration, beginning balance		25,197	6,936
Charge to expense		0	4,602
Payments of founder contingent compensation		(23,000)	0
Contingent consideration, ending balance	$ 2,197	$ 2,197	$ 11,538

Summary of Significant Accoun35

Summary of Significant Accounting Policies - Schedule of Contingent Consideration Level 3 Activity (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Founder contingent compensation	$ 0	$ 4,602
Paqui
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning of the period	1,900
Paqui | Level 3 | Fair value measurements, recurring
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning of the period	1,911	0
Founder contingent compensation	0	0
Balance at end of the period	$ 1,911	$ 0

Summary of Significant Accoun36

Summary of Significant Accounting Policies - Schedule of Concentration Risk (Details) - Customer Concentration Risk - Sales Revenue, Net	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Costco
Concentration Risk [Line Items]
Concentration risk, percentage	29.00%	35.00%
Sam's Club
Concentration Risk [Line Items]
Concentration risk, percentage	15.00%	15.00%

Summary of Significant Accoun37

Summary of Significant Accounting Policies - Schedule of Earnings per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Numerator:
Net income	$ 8,402	$ 4,904
Less: net income attributable to participating securities	(543)	(452)
Net income attributable to common shareholders	$ 7,859	$ 4,452
Denominator:
Basic and diluted weighted average shares outstanding (in shares)	74,838,937	74,449,844
Less: participating securities (in shares)	(4,833,353)	(6,861,107)
Basic and diluted weighted average shares outstanding (in shares)	70,005,584	67,588,737
Basic and diluted earnings per share (USD per share)	$ 0.11	$ 0.07
Restricted Stock Units
Denominator:
Antidilutive securities excluded from computation of earnings per share, amount	116,068
Employee Stock Option
Denominator:
Antidilutive securities excluded from computation of earnings per share, amount	186,264

Acquisition - Narrative (Detail

Acquisition - Narrative (Details) $ in Thousands	1 Months Ended
	Apr. 30, 2015USD ($)
Paqui
Business Acquisition [Line Items]
Business combination, total consideration net of cash acquired	$ 11,935

Acquisition - Schedule of Paqui

Acquisition - Schedule of Paqui Acquisition (Details) - USD ($) $ in Thousands	1 Months Ended
	Apr. 30, 2015	Mar. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Fair value of net assets acquired and liabilities assumed:
Excess purchase consideration over fair value of net assets acquired (goodwill)		$ 47,421	$ 47,421	$ 45,694
Paqui
Purchase consideration:
Cash paid as purchase consideration	$ 8,214
Total purchase consideration	12,319
Less: cash and cash equivalents acquired	(384)
Total purchase price-net of cash and cash equivalents acquired	11,935
Fair value of net assets acquired and liabilities assumed:
Current assets	174
Property and equipment	31
Indefinite-lived identifiable intangible asset-trade name	9,000
Definite-lived identifiable intangible assets-customer relationships	1,310
Current liabilities	(307)
Total fair value of net assets acquired and liabilities assumed	10,208
Excess purchase consideration over fair value of net assets acquired (goodwill)	1,727
Contingent Consideration for Earn-Out Period | Paqui
Purchase consideration:
Fair value of liabilities incurred	390
Notes Payable | Paqui
Purchase consideration:
Fair value of liabilities incurred	$ 3,715

Inventory (Details)

Inventory (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Inventory Disclosure [Abstract]
Raw materials and packaging	$ 3,370	$ 4,433
Finished goods	3,710	2,396
Inventories, net	7,080	6,829
Obsolete inventory reserve	$ 500	$ 700

Property and Equipment (Details

Property and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 2,941		$ 2,703
Less: accumulated depreciation	(657)		(550)
Property and equipment, net	2,284		2,153
Depreciation	107	$ 47
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	1,170		1,128
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property and equipment, gross	845		664
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 926		$ 911

Goodwill and Intangible Asset42

Goodwill and Intangible Assets - Schedule of Goodwill (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 47,421	$ 45,694
Acquired during the year	0	$ 1,727
Goodwill, ending balance	$ 47,421

Goodwill and Intangible Asset43

Goodwill and Intangible Assets - Schedule of Indefinite and Finite Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Intangible assets, gross	$ 275,600		$ 275,600
Less: accumulated amortization	(7,195)		(6,132)
Intangible assets, net	268,405		269,468
Amortization of intangible assets	1,063	$ 1,042
Trade names
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Indefinite-lived intangible assets	211,900		211,900
Intangible assets, net	211,900		211,900
General and Administrative Expenses
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Amortization of intangible assets	1,100	$ 1,000
Customer relationships
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Finite-lived intangible assets, gross	63,610		63,610
Less: accumulated amortization	(7,173)		(6,113)
Intangible assets, net	56,437		57,497
Non-competition agreement
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Finite-lived intangible assets, gross	90		90
Less: accumulated amortization	(22)		(19)
Intangible assets, net	$ 68		$ 71

Goodwill and Intangible Asset44

Goodwill and Intangible Assets - Schedule of Estimated Future Amortization Expenses (Details) $ in Thousands	Mar. 31, 2016USD ($)
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Remainder of 2016	$ 3,191
2,017	4,254
2,018	4,254
2,019	4,254
2,020	4,254
Thereafter	$ 36,298

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Payables and Accruals [Abstract]
Accrued income taxes	$ 4,074	$ 437
Unbilled inventory	1,582	693
Accrued commissions	738	629
Accrued bonuses	556	2,545
Accrued marketing expense	194	89
Accrued professional fees	580	398
Other accrued liabilities	822	439
Total accrued liabilities	$ 8,546	$ 5,230

Debt - Narrative (Details)

Debt - Narrative (Details)

Apr. 29, 2016USD ($)

May. 06, 2016USD ($)

Apr. 30, 2016USD ($)

Mar. 31, 2016USD ($)

May. 31, 2015USD ($)

Dec. 31, 2014USD ($)

Mar. 31, 2016USD ($)

Mar. 31, 2015USD ($)

Dec. 31, 2015USD ($)

Apr. 30, 2015USD ($)

Jul. 31, 2014USD ($)

Jul. 17, 2014USD ($)

Debt Instrument [Line Items]

Term loan

$ 195,865,000

$ 195,865,000

$ 198,211,000

Payments of founder contingent compensation

23,000,000

$ 0

Deferred financing costs

$ 2,658,000

$ 2,658,000

$ 2,859,000

Third Amended Credit Facility

Debt Instrument [Line Items]

Credit facility, interest rate period end

5.50%

5.50%

5.50%

Debt instrument, covenant, fixed charge coverage ratio, minimum (no less than)

1.10

Debt instrument, covenant, percent of excess cash flow

50.00%

Mandatory prepayment, percentage of excess cash flow, stepdown to 25%

25.00%

Mandatory prepayment, percentage of excess cash flow, stepdown to 0%

0.00%

Maximum amount of dividends or distributions allowed (not to exceed)

$ 5,000,000

Amount subject to first priority lien (at least)

$ 5,000,000

$ 5,000,000

Third Amended Credit Facility | Scenario One, Total Funded Debt to Consolidated EBTIDA Ratio

Debt Instrument [Line Items]

Debt instrument, covenant, EBITDA ratio, maximum (up to)

4.25

Third Amended Credit Facility | Scenario Two, Total Funded Debt to Consolidated EBTIDA Ratio

Debt Instrument [Line Items]

Debt instrument, covenant, EBITDA ratio, maximum (up to)

2.25

Revolving Facility | Third Amended Credit Facility | Federal Funds Rate | Scenario B

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

0.50%

Revolving Facility | Third Amended Credit Facility | Eurodollar | Scenario A

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

4.50%

Revolving Facility | Third Amended Credit Facility | Eurodollar | Scenario B

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

1.00%

Revolving Facility | Third Amended Credit Facility | Base Rate | Scenario B

Debt Instrument [Line Items]

Debt instrument, minimum effective interest rate

2.00%

Debt instrument, basis spread on variable rate

3.50%

Term Loan

Debt Instrument [Line Items]

Term loan

194,750,000

$ 194,750,000

$ 197,313,000

Term Loan | Credit Facility

Debt Instrument [Line Items]

Debt instrument, face amount

$ 150,000,000

Term Loan | Second Amended Credit Facility

Debt Instrument [Line Items]

Debt instrument, face amount

$ 200,000,000

Proceeds from issuance of debt

50,000,000

Term Loan | Third Amended Credit Facility

Debt Instrument [Line Items]

Debt instrument, face amount

$ 205,000,000

Proceeds from issuance of debt

7,500,000

Repayments of lines of credit

$ 2,500,000

Debt instrument, periodic payment

$ 2,600,000

Term Loan | Third Amended Credit Facility | Federal Funds Rate | Scenario B

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

0.50%

Term Loan | Third Amended Credit Facility | Eurodollar | Scenario A

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

4.50%

Term Loan | Third Amended Credit Facility | Eurodollar | Scenario B

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

1.00%

Term Loan | Third Amended Credit Facility | Base Rate | Scenario B

Debt Instrument [Line Items]

Debt instrument, minimum effective interest rate

2.00%

Debt instrument, basis spread on variable rate

3.50%

Line of Credit

Debt Instrument [Line Items]

Term loan

0

$ 0

0

Line of Credit | Revolving Facility | Credit Facility

Debt Instrument [Line Items]

Credit facility, maximum borrowing capacity

50,000,000

$ 50,000,000

$ 7,500,000

Line of Credit | Revolving Facility | Third Amended Credit Facility

Debt Instrument [Line Items]

Credit facility, maximum borrowing capacity

25,000,000

Credit facility, increased amount

17,500,000

Draws from revolving credit facility

15,000,000

Credit facility, commitment fee percentage

0.50%

Notes Payable

Debt Instrument [Line Items]

Debt instrument, face amount

$ 3,900,000

Term loan

3,773,000

$ 3,773,000

3,757,000

Debt instrument, interest rate, stated percentage

1.50%

Unamortized discount

132,000

132,000

$ 147,000

$ 200,000

Deferred financing costs

2,700,000

$ 2,700,000

SkinnyPop

Debt Instrument [Line Items]

Payments of founder contingent compensation

$ 23,000,000

SkinnyPop | Term Loan | Credit Facility

Debt Instrument [Line Items]

Debt instrument, face amount

$ 150,000,000

SkinnyPop | December 2014 Special Dividend

Debt Instrument [Line Items]

Distribution paid

$ 59,800,000

SkinnyPop | May 2015 Special Dividend

Debt Instrument [Line Items]

Distribution paid

$ 22,300,000

Subsequent Event

Debt Instrument [Line Items]

Draws from revolving credit facility

$ 12,000,000

$ 12,000,000

Subsequent Event | Term Loan

Debt Instrument [Line Items]

Repayments of lines of credit

$ 2,500,000

Debt - Schedule of Long-Term De

Debt - Schedule of Long-Term Debt (Details) - USD ($) $ in Thousands	Apr. 29, 2016	Apr. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Apr. 30, 2015
Debt Instrument [Line Items]
Total debt			$ 195,865	$ 198,211
Deferred financing costs			(2,658)	(2,859)
Less: Current portion			(12,750)	(12,750)
Long-term debt			183,115	185,461
Accumulated amortization, deferred finance costs			1,295	1,094
Term Loan
Debt Instrument [Line Items]
Total debt			194,750	197,313
Line of Credit
Debt Instrument [Line Items]
Total debt			0	0
Notes Payable
Debt Instrument [Line Items]
Total debt			3,773	3,757
Deferred financing costs			(2,700)
Unamortized discount			$ 132	147	$ 200
Senior Term Loan | Accounting Standards Update 2015-03
Debt Instrument [Line Items]
Deferred financing costs				(2,900)
Other Assets | Accounting Standards Update 2015-03
Debt Instrument [Line Items]
Deferred financing costs				$ 2,900
Subsequent Event
Debt Instrument [Line Items]
Draws from revolving credit facility	$ 12,000	$ 12,000

Debt - Schedule of Maturities o

Debt - Schedule of Maturities of Long-term Debt (Details) $ in Thousands	Mar. 31, 2016USD ($)
Debt Disclosure [Abstract]
Remainder of 2015	$ 10,188
2,016	10,250
2,017	14,155
2,018	164,062
2,019	0
Total debt	$ 198,655

Related Party Transactions - Na

Related Party Transactions - Narrative (Details) - USD ($)	Aug. 03, 2015	Jul. 17, 2014
Tax Receivable Agreement (TRA)
Related Party Transaction [Line Items]
U.S. federal, state and local realized tax benefit, percent retained	15.00%
Former Holders of Topco Units | Tax Receivable Agreement (TRA)
Related Party Transaction [Line Items]
U.S. federal, state and local realized tax benefit, percent paid	85.00%
Recorded tax payment obligation	$ 96,100,000
Estimated annual tax payment	6,600,000
SkinnyPop | Founders | Founder Employment Agreement
Related Party Transaction [Line Items]
Business combination, annual base salary obligation		$ 200,000
Achievement of Contribution Margin Benchmarks | SkinnyPop | Founders | Founder Employment Agreement
Related Party Transaction [Line Items]
Executive cash payment (up to)		$ 10,000,000
Additional Paid in Capital | Former Holders of Topco Units | Tax Receivable Agreement (TRA)
Related Party Transaction [Line Items]
Issuance of tax receivable agreement	$ 96,100,000

Related Party transactions - Fu

Related Party transactions - Future Minimum Lease Payments (Details) $ in Thousands	Mar. 31, 2016USD ($)
Related Party Transaction [Line Items]
Remainder of 2016	$ 272
2,017	360
Total	3,017
Monticello Partners LLC | Monticello Partners LLC Lease Agreement | Affiliated Entity
Related Party Transaction [Line Items]
Remainder of 2016	21
2,017	20
Total	$ 41

Commitment and Contingencies -

Commitment and Contingencies - Narrative (Details) - USD ($) $ in Millions	Apr. 29, 2015	Feb. 26, 2015	Mar. 31, 2016
Long-term Purchase Commitment [Line Items]
Operating lease, office rental term		9 years
Operating leases rent expense			$ 0.1
Inventories | Film and corrugate
Long-term Purchase Commitment [Line Items]
Payments for purchase commitment	$ 1.9
Inventories | Popcorn kernels
Long-term Purchase Commitment [Line Items]
Long-term purchase commitment, amount			$ 25.1

Commitments and Contingencies -

Commitments and Contingencies - Future Minimum Rental Commitments for Noncancellable Operating Leases (Details) $ in Thousands	Mar. 31, 2016USD ($)
Commitments and Contingencies Disclosure [Abstract]
Remainder of 2016	$ 272
2,017	360
2,018	349
2,019	358
2,020	366
Thereafter	1,312
Total	$ 3,017

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Effective income tax rate	41.20%	44.30%

Equity-Based Compensation - Nar

Equity-Based Compensation - Narrative (Details) - USD ($)	1 Months Ended	3 Months Ended
	Jul. 30, 2014	Mar. 31, 2016	Mar. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense recorded during the period		$ 900,000	$ 800,000
2014 Equity Incentive Plan | Share-based Compensation Award, First Anniversary Vesting Amount | Class C Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unit vesting rights percentage	25.00%
2014 Equity Incentive Plan | Share-based Compensation Award, Monthly Vesting Amount Over 36-Month Term | Class C Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unit vesting rights percentage	2.0833%
Unit vesting period	36 months
2015 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)		13,050,000
Number of shares available for grant (in shares)		5,328,905
Employee Stock Option | 2015 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based payment award, expiration period		10 years
Compensation expense recorded during the period		$ 100,000	0
Nonvested awards, compensation not yet recognized, stock options		1,000,000
Share-based payment award, options, outstanding, intrinsic value		$ 900,000
Employee Stock Option | 2015 Plan | Share-based Compensation Award, First Anniversary Vesting Amount
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unit vesting rights percentage		33.333%
Unit vesting period		24 months
Employee Stock Option | 2015 Plan | Share-based Compensation Award, Monthly Vesting Amount Over 36-Month Term
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unit vesting rights percentage		2.778%
Employee Stock Option | 2015 Plan | Weighted Average
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unit vesting period		2 years 9 months 29 days
Restricted Stock Units | 2015 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unit vesting period		24 months
Compensation expense recorded during the period		$ 100,000	$ 0
Nonvested awards, compensation not yet recognized, share-based awards other than options		$ 2,200,000
Restricted Stock Units | 2015 Plan | Share-based Compensation Award, First Anniversary Vesting Amount
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unit vesting rights percentage		33.333%
Restricted Stock Units | 2015 Plan | Share-based Compensation Award, First Anniversary Vesting Amount | Class C Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unit vesting rights percentage		25.00%
Restricted Stock Units | 2015 Plan | Share-based Compensation Award, Monthly Vesting Amount Over 36-Month Term
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unit vesting rights percentage		2.778%
Restricted Stock Units | 2015 Plan | Share-based Compensation Award, Monthly Vesting Amount Over 36-Month Term | Class C Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unit vesting rights percentage		6.25%
Unit vesting period		36 months
Restricted Stock Units | 2015 Plan | Weighted Average
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unit vesting period		3 years 3 months 29 days
Restricted Stock | 2015 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Nonvested awards, compensation not yet recognized, share-based awards other than options		$ 7,700,000
Restricted Stock | 2015 Plan | Weighted Average
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unit vesting period		2 years 4 months 27 days

Equity-Based Compensation - Sch

Equity-Based Compensation - Schedule of Fair Value Assumptions of Stock Options (Details) - 2015 Plan - Employee Stock Option	3 Months Ended
	Mar. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility	34.00%
Expected dividend yield	0.00%
Expected option term	5 years
Risk-free interest rate	1.45%

Equity-Based Compensation - S56

Equity-Based Compensation - Schedule of Stock Option Activity (Details) - 2015 Plan - Employee Stock Option - $ / shares	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding as of January 1, 2016 (in shares)	150,000
Granted (in shares)	150,000
Exercised (in shares)	0
Forfeited (in shares)	0
Outstanding as of March 31, 2016 (in shares)	300,000	150,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Weighted Average Remaining Contractual Life [Abstract]
Outstanding as of January 1, 2016	9 years 9 months 29 days	9 years 8 months 19 days
Granted	9 years 11 months 12 days
Outstanding as of March 31, 2016	9 years 9 months 29 days	9 years 8 months 19 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Outstanding as of January 1, 2016 (usd per share)	$ 10.72
Granted (usd per share)	11.92
Exercised (usd per share)	0
Forfeited (usd per share)	0
Outstanding as of March 31, 2016 (usd per share)	11.32	$ 10.72
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Outstanding as of January 1, 2016 (usd per share)	3.50
Granted (usd per share)	3.81
Exercised (usd per share)	0
Forfeited (usd per share)	0
Outstanding as of March 31, 2016 (usd per share)	$ 3.66	$ 3.50
Exercisable as of March 31, 2016 (in shares)	0

Equity-Based Compensation - S57

Equity-Based Compensation - Schedule of Unvested Restricted Stock Units Activity (Details) - 2015 Plan - Restricted Stock Units	3 Months Ended
	Mar. 31, 2016$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Unvested as of January 1, 2016 (in shares) | shares	98,500
Issued (in shares) | shares	106,079
Forfeited (in shares) | shares	(8,750)
Vested (in shares) | shares	0
Unvested as of March 31, 2016 (in shares) | shares	195,829
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Unvested as of January 1, 2016 (usd per share) | $ / shares	$ 12.65
Issued (usd per share) | $ / shares	11.92
Forfeited (usd per share) | $ / shares	12.65
Vested (usd per share) | $ / shares	0
Unvested as of March 31, 2016 (usd per share) | $ / shares	$ 12.25

Equity-Based Compensation - S58

Equity-Based Compensation - Schedule of Unvested Restricted Stock Award Activity (Details) - 2015 Plan - Restricted Stock	3 Months Ended
	Mar. 31, 2016$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Unvested as of January 1, 2016 (in shares) | shares	4,991,858
Issued (in shares) | shares	0
Forfeited (in shares) | shares	(29,467)
Vested (in shares) | shares	(479,370)
Unvested as of March 31, 2016 (in shares) | shares	4,483,021
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Unvested as of January 1, 2016 (usd per share) | $ / shares	$ 1.45
Issued (usd per share) | $ / shares	0
Forfeited (usd per share) | $ / shares	1.05
Vested (usd per share) | $ / shares	1.49
Unvested as of March 31, 2016 (usd per share) | $ / shares	$ 1.45

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event - USD ($)	Apr. 29, 2016	Apr. 30, 2016
Subsequent Event [Line Items]
Draws from revolving credit facility	$ 12,000,000	$ 12,000,000
Boundless Nutrition
Subsequent Event [Line Items]
Total purchase consideration	20,800,000
Draws from revolving credit facility	4,500,000
Purchase consideration holdbacks	300,000
Boundless Nutrition | Contingent Consideration for Earn-Out Period
Subsequent Event [Line Items]
Contingent consideration arrangements, range of outcomes, value, high	10,000,000
Boundless Nutrition | Notes Payable
Subsequent Event [Line Items]
Fair value of liabilities incurred	$ 4,000,000