Amplify Snack Brands 10-Q 11 May 17 2017 Q1 Quarterly report Financial data

Document Entity Information

Document Entity Information - shares	3 Months Ended
	Apr. 01, 2017	May 10, 2017
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, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31
Amendment Flag	false
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		76,756,578

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (unaudited) - USD ($) $ in Thousands	Apr. 01, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 10,074	$ 10,323
Accounts receivable, net of allowances of $11,349 and $9,261, respectively	44,005	42,852
Inventories	21,290	18,250
Other current assets	8,509	7,804
Total current assets	83,878	79,229
Property and equipment, net	56,739	45,884
Other assets:
Goodwill	146,087	151,953
Intangible assets, net	565,990	559,996
Other assets	1,103	1,178
Total assets	853,797	838,240
Current liabilities:
Accounts payable	28,510	32,582
Accrued liabilities	11,440	12,505
Senior term loan- current portion	5,938	5,936
Tax receivable obligation- current portion	7,114	7,114
Notes payable, net- current portion	998	991
Other current liabilities	772	908
Total current liabilities	54,772	60,036
Long-term liabilities:
Senior term loan, net	570,819	571,576
Revolving credit facility, net	14,278	7,210
Notes payable, net	6,714	6,678
Tax receivable obligation	58,740	54,890
Tax receivable obligation	81,905	81,905
Other liabilities	6,157	4,211
Total long-term liabilities	738,613	726,470
Commitment and contingencies (Note 9)
Shareholders' Equity:
Common stock, $0.0001 par value, 375,000,000 shares authorized at April 1, 2017 and December 31, 2016 and 76,770,630 and 76,786,000 shares issued and outstanding at April 1, 2017 and December 31, 2016, respectively	8	8
Additional paid-in capital	42,796	41,279
Common stock held in treasury, at par, 2,478,034 and 2,948,995 shares at April 1, 2017 and December 31, 2016, respectively	0	0
Retained earnings	42,444	41,916
Accumulated other comprehensive loss	(24,836)	(31,469)
Total shareholders' equity	60,412	51,734
Total liabilities and shareholders' equity	$ 853,797	$ 838,240

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (unaudited) (Parenthetical) - USD ($) $ in Thousands	Apr. 01, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Allowance for accounts receivable	$ 11,349	$ 9,261
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)	76,770,630	76,786,000
Common stock, shares outstanding (in shares)	76,770,630	76,786,000
Treasury stock, shares held (in shares)	2,748,034	2,948,995

Condensed Consolidated Statemen

Condensed Consolidated Statements of Comprehensive Income (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2017	Mar. 31, 2016
Income Statement [Abstract]
Net Sales	$ 87,218	$ 54,345
Cost of goods sold	51,908	25,927
Gross profit	35,310	28,418
Sales & marketing expenses	10,425	5,679
General & administrative expenses	11,357	5,432
Total operating expenses	21,782	11,111
Operating income	13,528	17,307
Interest Expense	10,973	3,026
Other income, net	(278)	0
Income before income taxes	2,833	14,281
Income tax expense	2,305	5,879
Net income	528	8,402
Other comprehensive income:
Foreign currency translation adjustments	6,633	0
Comprehensive income	$ 7,161	$ 8,402
Basic and diluted earnings per share (USD per share)	$ 0.01	$ 0.11
Weighted average shares outstanding:
Basic weighted average shares outstanding (in shares)	76,730,776	74,838,937
Diluted weighted average shares outstanding (in shares)	76,746,296	74,838,937

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)	3 Months Ended
	Apr. 01, 2017	Mar. 31, 2016
Operating activities:
Net income	$ 528,000	$ 8,402,000
Adjustments to reconcile net income to net cash from operating activities:
Depreciation	1,914,000	107,000
Amortization of intangible assets	1,783,000	1,063,000
Amortization of deferred financing costs and debt discounts	858,000	217,000
Deferred income taxes	842,000	1,268,000
Equity-based compensation expense	1,744,000	1,079,000
Loss on exit activity	190,000	0
Changes in operating assets and liabilities, net of effects of acquisition:
Accounts receivable	(843,000)	(3,514,000)
Inventories	(2,878,000)	(251,000)
Other assets	(699,000)	108,000
Accounts payable	(5,354,000)	2,333,000
Accrued and other liabilities	(1,155,000)	3,627,000
Payments of founder contingent compensation	0	(23,000,000)
Net cash used in operating activities	(3,070,000)	(8,561,000)
Investing activities:
Acquisition of property and equipment	(2,526,000)	(193,000)
Net cash used in investing activities	(2,526,000)	(193,000)
Financing activities:
Payments on term loans	(1,500,000)	(2,563,000)
Draws under revolving credit facility	7,000,000	0
Repurchase of employee stock units on vesting	(225,000)	0
Net cash provided by (used in) financing activities	5,275,000	(2,563,000)
Effect of exchange rate changes on cash and cash equivalents	72,000	0
Decrease in cash and cash equivalents	(249,000)	(11,317,000)
Cash and cash equivalents—Beginning of period	10,323,000	18,751,000
Cash and cash equivalents—End of period	10,074,000	7,434,000
Supplemental disclosure of cash flow information:
Income taxes paid	0	2,787,000
Interest paid	$ 9,942,000	$ 505,000

Business Overview

Business Overview	3 Months Ended
	Apr. 01, 2017
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. 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 2 for more details regarding the TRA. Crisps Topco Limited Acquisition On September 2, 2016, the Company completed its acquisition of Crisps Topco Limited (“Tyrrells Group”), a company incorporated under the laws of England and Wales, which owns the Tyrrells international portfolio of premium snack brands, through Thunderball Bidco Limited (the “Purchaser”), a direct, wholly-owned subsidiary of the Company. The acquisition was completed pursuant to a Share Purchase Agreement (the “Purchase Agreement”) with SkinnyPop Popcorn LLC, a direct wholly-owned subsidiary of the Company (the “Purchaser Guarantor”), Crisps Holdings Limited, a company incorporated under the laws of the Cayman Islands (the “Institutional Seller”) and individual selling equity holders (the “Management Sellers”). The Company acquired all of the outstanding equity interests of Tyrrells Group for total consideration of approximately $416.4 million . Refer to Note 3 for more details regarding this transaction.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Apr. 01, 2017
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Change in Fiscal Year In December 2016, the Company's Board of Directors approved a change in the fiscal year end from a calendar year ending on December 31 to a 52- or 53-week fiscal year ending on the last Saturday in December, effective beginning with fiscal year 2017. In a 52- or 53-week fiscal year, each of the Company's fiscal quarters will consist of two four-week fiscal months followed by a five- or six-week fiscal month. The change to the Company’s fiscal year does not impact the Company’s calendar year results for the year ended December 31, 2016, and the Company does not expect the change will impact the prior year comparability of each of the fiscal quarters and annual period in 2016 in future filings. Basis of Presentation The accompanying interim condensed consolidated balance sheets as of April 1, 2017 and December 31, 2016 , the interim condensed consolidated statements of comprehensive income for the 13 weeks ended April 1, 2017 and the three months ended March 31, 2016 and the interim condensed consolidated statements of cash flows for the 13 weeks ended April 1, 2017 and three months ended March 31, 2016 , 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 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, 2016, and in the opinion of management, include all adjustments, consisting only of normal recurring adjustments, necessary for the fair presentation of the financial position as of April 1, 2017 and results of our operations for the 13 weeks ended April 1, 2017 and the three months ended March 31, 2016 , and cash flows for the 13 weeks ended April 1, 2017 and three months ended March 31, 2016 . The interim results for the 13 weeks ended April 1, 2017 are not necessarily indicative of the results that may be expected for the fiscal year ending December 30, 2017. 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 16, 2017. Operating results for the 13 weeks ended April 1, 2017 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. Foreign Currency Transactions and Translation Exchange adjustments resulting from foreign currency transactions are recognized as a component of other non-operating income (loss) in the accompanying condensed consolidated statements of comprehensive income. For the Company's non-U.S. dollar functional currency subsidiaries, assets and liabilities are translated into U.S. dollars by using period-end exchange rates. Income and expense items are translated at a weighted-average exchange rate prevailing during the period. Adjustments resulting from translation of financial statements are reflected as a separate component of shareholders' equity. Segment Reporting On September 2, 2016, the Company completed the acquisition of Tyrrells Group, a diversified, international company that manufactures and markets BFY snack foods. As a result of this transaction, management determined that it operates in two operating and reportable segments, North America and International. The North America and International segments both operate in the large and growing global snack food category and whose brands and products are offered in the natural and conventional grocery, drug, convenience, food service, club, mass merchandise and other channels. The two snack food segments are reported separately based on differences in manufacturing and distribution methods and economic characteristics. 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): April 1, 2017 December 31, 2016 Liabilities: Contingent consideration (1) $ 2,491 $ 2,491 (1) Contingent consideration is reported in Other liabilities in the accompanying Condensed Consolidated Balance Sheets. Contingent Consideration In connection with the acquisition of Boundless Nutrition, LLC (“Boundless Nutrition”) in April 2016, payment of a portion of the purchase price is contingent upon the achievement for the year ended December 31, 2018 ("Boundless 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 Boundless Nutrition (see Notes Payable discussion below for additional details). The Company is required to reassess the fair value of the contingent consideration at each reporting period. 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 ("Paqui Earn-out Period" and with the Boundless Earn-out Period, the "Earn-out Periods") 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). The significant inputs used in the fair value estimates include numerous gross sales scenarios for the Earn-out Periods 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 and Boundless Nutrition ("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 and Boundless Nutrition, 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 each of Paqui and Boundless Nutrition upon the achievement of the respective milestone discussed above. The following table summarizes the Level 3 activity related to the Contingent Consideration (in thousands): 13 Weeks Ended April 1, 2017 Three Months Ended March 31, 2016 Balance at beginning of the period $ 2,491 $ 1,911 Change in fair value of contingent consideration — — Balance at end of the period $ 2,491 $ 1,911 Notes Payable In April 2016, the Company issued $4.0 million in unsecured notes to the sellers of Boundless Nutrition in connection with its acquisition. The notes bear interest at a rate per annum of 0.67% with principal and interest due at varying maturity dates between April 29, 2017 and December 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. 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 In our North American operations, inventories are valued at the lower of cost or net realizable value using the weighted-average cost method. The Company generally procures certain raw materials inputs and packaging from suppliers and contracts with third-party firms to assemble and warehouse finished products. The third-party co-manufacturers invoice the Company monthly for labor inputs upon the production or shipment of finished product during the period. In our international operations, inventories are valued at the lower of cost or net realizable value using the first-in, first-out method. The Company owns the manufacturing facilities used for production. The costs of finished goods inventories include raw materials, direct labor, indirect production, and overhead costs. 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 carrying value of our inventories is adjusted when we believe 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 expenses. Once inventory is written down, a new, lower-cost basis is established. These adjustments are estimates that require management judgment. Actual results could vary from our estimates and additional inventory write-downs could be required. Recognition of Net Sales, Sales Incentives and Trade Accounts Receivable Net sales are recognized when the earnings process is complete and the risks and rewards of ownership have transferred to the customer, which occurs upon the receipt and acceptance of product by the customer. The Company’s customers are primarily businesses that are stocking its products. The earnings process is complete once the customer order has been placed and approved and the product shipped has been received by the customer or when product is picked up by the Company’s customers at the Company’s co-manufacturer. Product is sold to customers on credit terms established on a customer-by-customer basis. The credit factors used include historical performance, current economic conditions and the nature and volume of the product. 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. The Company extends unsecured credit to its customers in the ordinary course of business but mitigates the associated credit risk by performing credit checks and actively pursuing past due accounts. Accounts are charged to bad debt expense as they are deemed uncollectable based upon a periodic review of aging and collections. As of April 1, 2017 and December 31, 2016 , the Company recorded total allowances related to sales and incentive programs against trade accounts receivable of approximately $11.3 million and $9.3 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: 13 Weeks Ended April 1, 2017 Three Months Ended March 31,2016 Customer: Costco 16 % 29 % Sam's Club 9 % 15 % As of April 1, 2017 , one customer represented 14% of the accounts receivable balance outstanding. No customers represented more than 10% of our consolidated accounts receivable balance as of December 31, 2016 . 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 15% and 19% of the accounts payable balance as of April 1, 2017 and December 31, 2016 , 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 outstanding stock options has been accounted for using the two-class method or the treasury stock method, if more dilutive. 13 Weeks Ended April 1, 2017 Three Months Ended March 31, 2016 (in thousands, except share and per share amounts) Basic and diluted earnings per share: Numerator: Net income $ 528 $ 8,402 Less: net income attributable to participating securities (19 ) (543 ) Net income attributable to common shareholders 509 7,859 Denominator: Basic: Basic weighted average shares outstanding 76,730,776 74,838,937 Less: participating securities (2,759,223 ) (4,833,353 ) Basic weighted average common shares outstanding 73,971,553 70,005,584 Basic earnings per share $ 0.01 $ 0.11 Diluted: Basic weighted average shares outstanding 76,730,776 74,838,937 Unvested RSUs (1) 15,520 — Outstanding stock options (2) — — Diluted weighted average shares outstanding 76,746,296 74,838,937 Less: participating securities (2,759,223 ) (4,833,353 ) Diluted weighted average common shares outstanding 73,987,073 70,005,584 Diluted earnings per share $ 0.01 $ 0.11 (1) Excludes the weighted average impact of 1,358,158 and 116,068 unvested RSUs for the thirteen weeks ended April 1, 2017 and three months ended March 31, 2016, respectively, because the effects of their inclusion would be anti-dilutive. (2) Excludes the weighted average impact of 342,667 and 186,264 outstanding stock options for the thirteen weeks ended April 1, 2017 and three months ended March 31, 2016, respectively, because the effects of their inclusion would be anti-dilutive. Tax Receivable Agreement ("TRA") As discussed in Note 1, 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 of a 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 January 2017, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2017-04, "Intangibles-Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment". ASU 2017-04 simplifies the accounting for goodwill impairments by eliminating Step 2 from the goodwill impairment test. Under the previous guidance an impairment of goodwill is when the carrying amount of goodwill exceeds its implied fair value, whereas under the new guidance a goodwill impairment loss would be recognized if the carrying amount of the reporting unit exceeds its fair value, limited to the total amount of goodwill allocated to the that reporting unit. The ASU is effective for annual and any interim impairment tests for periods beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. We adopted this standard in January 2017, and will apply it as necessary in our financial statements. In August 2016, the FASB issued ASU No. 2016-15, "Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments". ASU 2016-15 clarifies how certain cash receipts and cash payments are presented and classified in the statement of cash flows under Topic 230. This ASU is effective for interim and annual periods beginning after December 15, 2017. Early application is permitted. The Company is in the process of assessing the impact of the adoption of ASU 2016-15 on its financial position, results of operations, cash flows and financial statement disclosures In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments-Credit Losses” (Topic 326), which amends the guidance on the impairment of financial instruments. The standard adds an impairment model, referred to as current expected credit loss, which is based on expected losses rather than incurred losses. The standard applies to most debt instruments, trade receivables, lease receivables, reinsurance receivables, financial guarantees and loan commitments. Under the guidance, companies are required to disclose credit quality indicators disaggregated by year of origination for a five-year period. The new guidance is effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2019. We do not anticipate this standard will have a material impact to our consolidated financial statements. In March 2016, the FASB issued ASU No. 2016-08, "Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net)". ASU 2016-08 clarifies the implementation guidance on principal versus agent considerations. In April 2016, the FASB issued ASU No. 2016-10, "Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing". ASU 2016-10 clarifies the implementation guidance on identifying performance obligations. In May 2016, the FASB issued ASU No. 2016-12, "Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients." ASU 2016-12 addresses narrow-scope improvements to the guidance on collectability, non-cash consideration, and completed contracts at transition. Additionally, this ASU provides a practical expedient for contract modifications at transition and an accounting policy election related to the presentation of sales taxes and other similar taxes collected from customers. These ASUs apply to all companies that enter into contracts with customers to transfer goods or services. These ASUs are effective for public entities for interim and annual reporting periods beginning after December 15, 2017. Early adoption is permitted, but not before interim and annual reporting periods beginning after December 15, 2016. Entities have the choice to apply these ASUs either retrospectively to each reporting period presented or by recognizing the cumulative effect of applying these standards at the date of initial application and not adjusting comparative information. The Company does not believe these accounting standard updates will have a material impact on our results of operations. In March 2016, the FASB issued 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 adopted the standard on October 1, 2016 and the adoption did not have an impact on its results of operations, statements of financial position or statements of cash flows. 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 but does not believe the adoption will have a material impact. As of April 1, 2017 , the Company has $5.6 million of non-cancellable lease commitments. In September 2015, the FASB issued ASU No. 2015-16, "Simplifying the Accounting for Measurement-Period Adjustments", which simplifies the accounting for adjustments made to provisional amounts recognized in a business combination by eliminating the requirement to retrospectively account for those adjustments. This revised guidance was effective for annual reporting periods beginning after December 15, 2015, and related interim periods. The amendments in the update were applied prospectively to adjustments to provisional amounts that occurred after the effective date of the update with early application permitted for financial statements not yet issued. We have adopted this guidance and will apply it as necessary in our financial statements. Based on changes to our provisional purchase price accounting, during the 13 weeks ended April 1, 2017, we recorded approximately $0.2 million of additional expense. 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 adopted the standard January 1, 2017 and the adoption did not have a material impact on our condensed consolidated financial statements. 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 Company applied the standard for the 13 weeks ended April 1, 2017 condensed consolidated financial statements and it had no impact on its 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. The Company anticipates the primary impact of the adoption on its consolidated financial statements will be the additional disclosure requirements around revenue recognition in the notes to the consolidated financial statements. Other areas that may potentially be impacted relate to the timing of the transfer of ownership and accounting surrounding the Company's trade promotions. We anticipate our internal control systems will be impacted by the implementation of the new standard.

Acquisition

Acquisition	3 Months Ended
	Apr. 01, 2017
Business Combinations [Abstract]
Acquisition	ACQUISITION Tyrrells Group Acquisition On September 2, 2016, the Company acquired 100% of the voting interests of Tyrrells Group, an international manufacturer and distributor of BFY snacks, for total consideration of approximately $416.4 million . The Company paid approximately $381.1 million in cash and issued approximately 2.1 million shares of its common stock with an acquisition date fair value of approximately $35.3 million . The Company financed the cash portion of the transaction with proceeds from term loans totaling $600 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 Tyrrells Group's products and position in the BFY snack category. For tax purposes the basis in assets carried over from Tyrrells Group, which resulted in deferred tax liabilities on the book and tax basis differences in identifiable intangibles. The Company has incurred approximately $9.4 million of transaction related expenses in connection with the Tyrrells Group acquisition to date, which are included as part of general and administrative expense in the accompanying consolidated statements of comprehensive income. Of the $9.4 million , $0.1 million was incurred during the 13 weeks ended April 1, 2017, with the remainder having been incurred in year ended December 31, 2016. The Company did not incur any transaction related expenses in the three months ended March 31, 2016. During the 13 weeks ended April 1, 2017, Tyrrells Group contributed approximately $27.6 million of net sales and a net loss of approximately $1.4 million to the Company. As of the acquisition date, Tyrrells Group had $28.0 million of gross accounts receivable, of which we estimated $6.6 million will be uncollectable, mostly related to the costs of promotional activities being offset against trade receivable invoices by customers. In connection with the Tyrrells Group acquisition, we recognized approximately $95.5 million of goodwill from expected synergies due to our ability to expand our North American products overseas, added diversification of our BFY snack portfolio, as well as the manufacturing and distribution capabilities we acquired. The goodwill associated with the Tyrrells Group acquisition is not deductible for tax purposes. The Company has one year from the acquisition date to finalize the valuation of the acquired assets and liabilities, including goodwill and intangible assets. Management is responsible for these internal and third-party valuations and appraisals and is continuing to review the amounts and allocations. The Company's purchase price allocation for the Tyrrells Group acquisition is preliminary and subject to revision as additional information is obtained related to the fair value of assets and liabilities associated with potential uncertain tax positions, the fair value of acquired property, plant and equipment, as well as valuations related to trade names and customer relationships. During the 13 weeks ended April 1, 2017 , the Company revised the fair value estimates associated with its acquisition accounting for Tyrrells Group acquisition consummated on September 2, 2016 that resulted in adjustments to the previously reported allocation of purchase consideration. The adjustments were a result of changes to the original fair value estimates of certain items acquired and are the result of additional information obtained since September 2, 2016, that related to facts and circumstances that existed at the acquisition date. The following table summarizes the preliminary allocation of the purchase consideration for Tyrrells to the estimated fair value of assets acquired and liabilities assumed at the date of acquisition (in thousands). Purchase consideration: Provisional Valuation as of December 31, 2016 Measurement Period Adjustments Current Valuation Cash paid as purchase consideration $ 381,069 $ — $ 381,069 Fair value of equity issued to Sellers 35,319 — 35,319 Total purchase consideration 416,388 — 416,388 Less: cash and cash equivalents acquired (15,451 ) — (15,451 ) Total purchase price, net of cash and cash equivalents acquired 400,937 — 400,937 Fair value of net assets acquired and liabilities assumed: Accounts receivable 21,424 — 21,424 Inventory 8,921 — 8,921 Property and equipment 42,612 9,005 51,617 Other assets 2,845 — 2,845 Indefinite-lived identifiable intangible asset- trade names 261,854 2,524 264,378 Definite-lived identifiable intangible assets- customer relationships (15-year useful life) 44,240 532 44,772 Accounts payable (19,498 ) — (19,498 ) Other liabilities (13,123 ) (1,768 ) (14,891 ) Deferred tax liabilities (51,810 ) (2,329 ) (54,139 ) Total fair value of net assets acquired and liabilities assumed 297,465 7,964 305,429 Excess purchase consideration over fair value of net assets acquired (goodwill) $ 103,472 $ (7,964 ) $ 95,508 Goodwill is calculated as the excess of consideration paid over the net assets acquired and represents synergies, organic growth and other benefits that are expected to arise from integrating Tyrrells Group into our operations. Pro Forma Combined Statements of Operations (Unaudited) The following unaudited pro forma combined statements of operations presents the Company's operations as if the Tyrrells Group acquisition and related financing activities had occurred on January 1, 2016. The pro forma information includes the following adjustments (i) amortization of acquired definite-lived intangible assets; (ii) depreciation based on the fair value of acquired property and equipment; (iii) costs of goods sold based on the fair value of acquired inventory; (iv) interest expense incurred in connection with incremental term loan borrowings used to finance the acquisition of Tyrrells; and (v) inclusion of equity-based compensation expense associated with equity awards granted to certain Tyrrells' employees in connection with the acquisition. The pro forma combined statements of operations are not necessarily indicative of the results of operations as they would have been had the transaction been effected on the assumed date and are not intended to be a projection of future results (in thousands, except per share data): 13 Weeks Ended April 1, 2017 Three Months Ended (Unaudited) Net sales $ 87,218 $ 86,945 Net income $ 528 $ 5,920 Net income per share- basic $ 0.01 $ 0.08 Net income per share- diluted $ 0.01 $ 0.08 Boundless Nutrition Acquisition In April 2016, the Company acquired 100% of the voting rights of Boundless Nutrition, a manufacturer and distributor of the Oatmega protein snack bar and a line of BFY cookie products, for total consideration of approximately $21.5 million . This acquisition has been accounted for under the acquisition method of accounting and 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 Boundless Nutrition's products and position in the BFY snack category. For the 13 weeks ended April 1, 2017 , Oatmega products contributed net sales of approximately $3.7 million . The Company does not allocate overhead to the Oatmega brand and therefore has not reported net income as a result of this acquisition. In connection with the Boundless Nutrition acquisition we recognized approximately $8.5 million of goodwill from expected synergies due to our ability to diversify our product offerings and leverage our North American distribution channels. For tax purposes, the acquisition is treated as an acquisition of assets, therefore the Company's tax basis in assets was allocated based on their fair value. The goodwill associated with the Boundless Nutrition acquisition is deductible for tax purposes. The Company completed its review of the purchase consideration and estimated fair value of assets acquired and liabilities assumed at the date of acquisition, with an adjustment to fair value of contingent consideration identified during the measurement period. The following table summarizes the final allocation of the purchase consideration for Boundless Nutrition to the estimated fair value of assets acquired and liabilities assumed at the date of acquisition (in thousands): Purchase consideration: Cash paid as purchase consideration $ 16,651 Fair value of notes payable issued to sellers as consideration 3,776 Fair value of contingent consideration 1,085 Total purchase consideration 21,512 Less: cash and cash equivalents acquired (129 ) Total purchase price- net of cash and cash equivalents acquired 21,383 Fair value of net assets acquired and liabilities assumed: Accounts receivable and inventory 2,046 Property and equipment 751 Other assets 178 Indefinite-lived identifiable intangible asset- trade name 9,440 Definite-lived identifiable intangible assets- customer relationships and trade name 2,160 Accounts payable (1,111 ) Other liabilities (532 ) Total fair value of net assets acquired and liabilities assumed 12,932 Excess purchase consideration over fair value of net assets acquired (goodwill) $ 8,451 Management evaluated the impact to the Company's financial statements of the Boundless Nutrition acquisition and concluded that the impact was not significant enough to require or separately warrant the inclusion of pro forma financial results inclusive of Boundless Nutrition.

Inventory

Inventory	3 Months Ended
	Apr. 01, 2017
Inventory Disclosure [Abstract]
Inventory	INVENTORY Inventories, net of reserves and provisions, consist of the following (in thousands): April 1, 2017 December 31, 2016 Raw materials and packaging $ 9,893 $ 9,313 Work in process 1,403 760 Finished goods 9,994 8,177 Inventories, net $ 21,290 $ 18,250 As of April 1, 2017 and December 31, 2016 , we had approximately $0.3 million and $0.6 million in reserves, respectively, 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
	Apr. 01, 2017
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): April 1, 2017 December 31, 2016 Machinery and equipment $ 45,436 $ 35,889 Furniture and fixtures 3,901 3,665 Building 5,101 4,408 Land 1,033 928 Leasehold improvements 6,189 3,922 Property and equipment, gross 61,660 48,812 Less: accumulated depreciation (4,921 ) (2,928 ) Property and equipment, net $ 56,739 $ 45,884 Depreciation expense was approximately $1.9 million and $0.1 million for the 13 weeks ended April 1, 2017 and three months ended March 31, 2016, 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
	Apr. 01, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	GOODWILL AND INTANGIBLE ASSETS Goodwill consists of the following (in thousands): North America International Total Balance as of December 31, 2016 $ 55,872 $ 96,081 $ 151,953 Purchase price accounting adjustments — (7,395 ) (7,395 ) Foreign currency translation impact — 1,529 1,529 Balance as of April 1, 2017 $ 55,872 $ 90,215 $ 146,087 Intangible assets consist of the following (in thousands): April 1, 2017 December 31, 2016 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Intangible assets with indefinite lives: Trade names $ 471,078 $ — $ 471,078 $ 464,488 $ — $ 464,488 Intangible assets with finite lives: Customer relationships 108,040 (13,185 ) 94,855 106,830 (11,387 ) 95,443 Non-competition agreement 90 (35 ) 55 90 (32 ) 58 Trade name 20 (18 ) 2 20 (13 ) 7 Total $ 579,228 $ (13,238 ) $ 565,990 $ 571,428 $ (11,432 ) $ 559,996 Amortization of finite-lived intangibles was approximately $1.8 million and $1.1 million for the 13 weeks ended April 1, 2017 and three months ended March 31, 2016 , 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. 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 will perform its annual assessment of fair value as of July 1, 2017.

Accrued Liabilities

Accrued Liabilities	3 Months Ended
	Apr. 01, 2017
Payables and Accruals [Abstract]
Accrued Liabilities	ACCRUED LIABILITIES The following table shows the components of accrued liabilities (in thousands): April 1, 2017 December 31, 2016 Unbilled inventory $ 2,216 $ 2,409 Accrued commissions 8 432 Accrued bonuses 633 2,133 Accrued personnel costs 633 898 Accrued interest 3,432 3,297 Accrued marketing costs 1,201 157 Accrued professional fees 1,123 913 Accrued VAT 788 825 Other accrued liabilities 1,406 1,441 Total accrued liabilities $ 11,440 $ 12,505

Debt

Debt	3 Months Ended
	Apr. 01, 2017
Debt Disclosure [Abstract]
Debt	DEBT Debt consists of the following (in thousands): April 1, 2017 December 31, 2016 Term loans, net of unamortized original issue discount of $6,124 and $6,321, respectively $ 590,876 $ 592,179 Revolving loans 15,500 8,500 Notes payable, net of unamortized discount of $193 and $236, respectively 7,712 7,669 Deferred financing costs, net of accumulated amortization of $1,430 and $813, respectively (15,341 ) (15,957 ) Total debt 598,747 592,391 Less: Current portion (6,936 ) (6,927 ) Long-term debt $ 591,811 $ 585,464 Credit Facility In connection with the acquisition of Tyrrells Group, the Company entered into a Credit Agreement on September 2, 2016 (the "Credit Facility"), which provided for term loans in the aggregate principal amount of $600 million (the "Term Loans") and revolving loans in the aggregate principal amount of $50 million (the "Revolving Loans"), of which 20 million is denominated in pounds sterling. The Company borrowed from the Term Loans in full to finance the acquisition of Tyrrells Group and pay down all outstanding indebtedness under the Credit Agreement entered into on July 17, 2014 (the "Prior Credit Facility"). As of April 1, 2017, the Company had $33.4 million of available capacity under the Revolving Loans. In connection with the issuance of the Credit Facility, the Company incurred an original issue discount ("OID") of approximately $6.6 million and paid lender and legal fees of approximately $15.4 million , which are capitalized and presented as a direct reduction to the related debt instrument in the condensed consolidated balance sheets. These costs are recognized as additional interest expense over the term of the related debt instrument using the effective interest method. The Company must repay the Term Loans in installments of $1.5 million per quarter due on the last day of each quarter beginning with the quarter ending December 31, 2016, with the remaining balance due at maturity in a final installment of $559.5 million . The Term Loans and Revolving Loans are scheduled to mature on September 2, 2023 and September 2, 2021, respectively. In addition to the installment payments described above, the Credit Facility includes an annual mandatory prepayment of the Term Loans from 50% of the Company's excess cash flow as measured on annual basis, with step- downs to 25% and 0% of the Company's excess cash flow if the Company's Total Leverage Ratio (as defined in the Credit Facility), tested as of the last day of the Company's fiscal year, is less than 4.50 to 1.00 but greater than 3.75 to 1.00, and less than or equal to 3.75 to 1.00, respectively. Excess cash flow is generally defined as the Company's Consolidated Net Income (as defined in the Credit Facility) less debt service costs, unfinanced capital expenditures, unfinanced acquisition expenditures, and certain restricted payments, as adjusted for changes in the Company's working capital and less other customary items. The excess cash flow requirement discussed above will commence with the fiscal year ending December 30, 2017. In addition, the Credit Facility requires mandatory prepayment of the Term Loans from the net cash proceeds of (i) certain debt issuances and (ii) certain asset sales outside the ordinary course of business and from proceeds of property insurance and condemnation events, in each case of this clause (ii) subject to the Company’s right in some circumstances to reinvest such proceeds in the Company’s business. Any voluntary prepayment as part of a repricing transaction shall be accompanied by a prepayment premium equal to 1.0% of the principal amount of such prepayment, if such prepayment is made on or prior to the date that is twelve months after September 2, 2016. Interest The Term Loans bear interest, at the Company's option, at either the Eurodollar rate plus a margin of 5.50% or the prime rate plus a margin of 4.50% , with step-downs to 5.00% and 4.00% , respectively, if the Company's First Lien Leverage Ratio (as defined in the Credit Facility) is less than or equal to 4.50 to 1.00. The Eurodollar rate is subject to no floor with respect to the Revolving Loans and an annual 1.00% floor with respect to the Term Loans and the prime rate is subject to a 1.00% floor with respect to the Revolving Loans and a 2.00% floor with respect to the Term Loans. As of April 1, 2017, the interest rate on the outstanding Term Loans balance was 6.50% per annum and the weighted-average interest rate on the outstanding Revolver Loans balance was 6.40% per annum. The Company is also required to pay a commitment fee on the unused commitments under the Revolving Loans at a rate equal to 0.50% per annum with a step-down to 0.375% per annum, if the Company's First Lien Leverage Ratio is less than or equal to 3.25 to 1.00. Guarantees The Credit Facility is secured by liens on substantially all the Company's assets, including a pledge of 100% of the equity interests in the Company's domestic subsidiaries and a pledge of 65% of the voting equity interests and 100% of the non-voting equity interests in the Company's direct foreign subsidiaries. All obligations under the Credit Facility are unconditionally guaranteed by substantially all of the Company's direct and indirect domestic subsidiaries, with certain exceptions. These guarantees are secured by substantially all of the present and future property and assets of the guarantors, with certain exclusions. 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 a maximum First Lien Leverage Ratio of not more than 8.50 to 1.0, initially, and decreasing to 6.25 to 1.0 over the term of the Credit Facility. As of April 1, 2017 , the Company was in compliance with this financial covenant. The Credit Facility contains customary affirmative covenants for transactions of this type and other affirmative covenants agreed to by the parties, including, among others, the provision of annual and quarterly financial statements and compliance certificates, maintenance of property, insurance, compliance with laws and environmental matters. The Credit Facility contains customary negative covenants, including, among others, restrictions on the incurrence of indebtedness, granting of liens, making investments and acquisitions, paying dividends, repurchases of equity interests in the Company, entering into affiliate transactions and asset sales. The Credit Facility also provides for a number of customary events of default, including, among others, payment, bankruptcy, covenant, representation and warranty, change of control and judgment defaults. Notes Payable In April 2016, the Company issued $4.0 million in unsecured notes to the sellers of Boundless Nutrition in connection with its acquisition. The notes bear interest at a rate per annum of 0.67% with principal and interest due at varying maturity dates between April 29, 2017 and December 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. 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.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Apr. 01, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	COMMITMENTS AND CONTINGENCIES Purchase Commitments The Company entered into certain supply contracts for their popcorn kernels, oils, potatoes, root vegetables and natural ingredients used in Oatmega protein bars. Certain 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. As of April 1, 2017 , the Company's purchase commitments remaining under these contracts were as follows: Ingredient Commitments Remainder of 2017 $ 21,129 2018 8,443 Total $ 29,572 Lease Commitments The Company entered into an operating lease on February 26, 2015 for its corporate headquarters located in Austin, Texas. Boundless Nutrition entered into an operating lease for an office space and manufacturing facility in November 2014, which the Company assumed as part of the acquisition. In January 2017, the Company exited its Boundless Nutrition lease and entered into a sublease with a third party for the remainder of the lease term. In connection with the lease abandonment, the Company incurred a loss on exit activity of approximately $0.2 million . Tyrrells Group has several operating leases for office space and manufacturing facilities which the Company assumed as part of the acquisition. Rent expense from operating leases totaled approximately $0.3 million and $0.1 million for the 13 weeks ended April 1, 2017 and three months ended March 31, 2016, respectively. As of April 1, 2017 , minimum rental commitments under non-cancellable operating leases were as follows (in thousands): Remainder of 2017 $ 1,049 2018 949 2019 791 2020 729 2021 687 Thereafter 1,420 Total $ 5,625 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
	Apr. 01, 2017
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES For the 13 weeks ended April 1, 2017 and three months ended March 31, 2016, the Company recorded tax expense of $2.3 million on pre-tax income of $2.8 million and tax expense of $5.9 million on pre-tax income $14.3 million , respectively. The effective tax rate was 81.4% and 41.2% for the 13 weeks ended April 1, 2017 and three months ended March 31, 2016 , respectively. 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 within those jurisdictions. The increase in the effective tax rate for the 13 weeks ended April 1, 2017 compared to the three months ended March 31, 2016 was primarily due to gains from foreign currency transactions which were treated as discrete items in the current quarter, along with the impact of entering foreign jurisdictions in connection with our acquisition of Tyrrells Group in September 2016. As of April 1, 2017 , we have established a long-term liability for an uncertain tax position in the amount of approximately $1.1 million related to pre-acquisition activity by Tyrrells Group. The Company's policy is to accrue interest and penalties related to uncertain tax positions as a component of income tax expense. As of April 1, 2017 , the interest associated with the Company's position is not material.

Equity-Based Compensation

Equity-Based Compensation	3 Months Ended
	Apr. 01, 2017
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 April 1, 2017 , 3,949,721 shares were available for issuance under the 2015 Plan. For the 13 weeks ended April 1, 2017 and three months ended March 31, 2016, equity-based compensation expense was approximately $1.7 million and $1.1 million , respectively. During the 13 weeks ended April 1, 2017 , 366,156 RSUs were granted to certain employees with a grant date fair value of approximately $3.1 million , which is calculated based on the closing market value of the Company's common stock on the the date of grant. The grant date fair value of the RSU awards is amortized to equity-based compensation expense on a straight-line basis over a three or four -year service period based on the terms of the award.

Segment Information

Segment Information	3 Months Ended
	Apr. 01, 2017
Segment Reporting [Abstract]
Segment Information	SEGMENT INFORMATION On September 2, 2016, the Company completed the acquisition of Tyrrells Group, a diversified, international company that manufactures and markets BFY snack foods. As a result of this transaction, management determined that it operates in two operating and reportable segments, North America and International. The North America and International segments both operate in the large and growing global snack food category and whose brands and products are offered in the natural and conventional grocery, drug, convenience, food service, club, mass merchandise and other channels. The two snack food segments are reported separately based on differences in manufacturing and distribution methods and economic characteristics. Management considers its chief executive officer to be the Company's chief operating decision maker ("CODM") as he regularly reviews operating results of the North America and International segments for purposes of allocating resources and evaluating financial performance. Certain expenses such as professional fees, insurance and costs related to employees who focus on both our domestic and international business have been excluded from our individual segments profitability measures, along with non-recurring transaction related expenses that are not part of revenue generating activities. For purposes of our segment results, revenue is attributed to individual geographies on the basis of the physical location of where the sales occur. Prior to the Tyrrells Group acquisition, the Company operated as one reportable segment with all of its business conducted in North America. Figures from the prior period have be restated to conform with the current period segment information presentation. We have provided information on our net sales, depreciation, amortization, segment operating income, stock compensation, corporate overhead expenses and non-recurring transaction expenses. Additionally, we have provided information related to capital expenditures, fixed assets and total assets. 13 Weeks Ended April 1, 2017 Three Months Ended March 31, 2016 Net sales: North America $ 60,035 $ 54,345 International 27,183 — Total net sales $ 87,218 $ 54,345 Depreciation expense: North America $ 245 $ 107 International 1,669 — Total depreciation expense $ 1,914 $ 107 Amortization of intangible assets: North America $ 1,100 $ 1,063 International 683 — Total amortization expense $ 1,783 $ 1,063 Segment operating income (loss): North America $ 21,091 $ 20,437 International (1,170 ) — Segment operating income 19,921 20,437 Corporate overhead (1) (3,511 ) (2,051 ) Non-recurring and unusual transactions (2) (1,138 ) — Equity-based compensation (1,744 ) (1,079 ) Operating income 13,528 17,307 Reconciliation to income before taxes: Interest expense 10,973 3,026 Other income, net (278 ) — Income before income taxes $ 2,833 $ 14,281 Net sales by brand: SkinnyPop brand $ 53,531 $ 53,080 Tyrrells brand (3) 22,353 — Oatmega brand 3,742 — Paqui brand 2,460 1,265 Lisa's Chips brand (4) 1,925 — Thomas Chipman and the Wholesome Food Company brands (5) 3,207 — Total net sales $ 87,218 $ 54,345 (1) Included in corporate overhead are administrative costs required to operate effectively as a public company, recurring professional fees, corporate-related insurance costs, personnel costs of our executive team, and certain individuals within our finance and human resources departments. (2) Included in non-recurring and unusual transactions are expenses that impact operating income that management considers non-recurring in nature, which we add-back in determining adjusted EBITDA as presented in Item 2 of this Quarterly Report. (3) Tyrrells brand includes private label net sales of items that were manufactured at our facilities in the United Kingdom. (4) Lisa's Chips brand includes private label net sales of items that were manufactured at our facility in Germany. (5) Thomas Chipman and the Wholesome Food Company brands include private label net sales manufactured at our facility in Australia. All of our outstanding debt and notes payable and associated interest expense are held by our North America segment. Interest income was immaterial to both segments. Customer Concentrations - North America Customers with 10% or more of our North America segment net sales consist of the following: 13 Weeks Ended April 1, 2017 Three Months Ended March 31, 2016 Customer: Costco 24 % 29 % Sam's Club 13 % 15 % Customer Concentrations - International One customer within our International segment represented 11% of the segment's net sales for the 13 weeks ended April 1, 2017 . 13 Weeks Ended April 1, 2017 Three Months Ended March 31, 2016 Capital expenditures: North America $ 1,212 $ 193 International 1,314 — $ 2,526 $ 193 Fixed assets: April 1, 2017 December 31, 2016 North America $ 5,347 $ 4,168 International 51,392 41,716 $ 56,739 $ 45,884 Total assets: April 1, 2017 December 31, 2016 North America $ 385,590 $ 378,658 International 468,207 459,582 $ 853,797 $ 838,240

Summary of Significant Accoun18

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Apr. 01, 2017
Accounting Policies [Abstract]
Change in Fiscal Year	Change in Fiscal Year In December 2016, the Company's Board of Directors approved a change in the fiscal year end from a calendar year ending on December 31 to a 52- or 53-week fiscal year ending on the last Saturday in December, effective beginning with fiscal year 2017. In a 52- or 53-week fiscal year, each of the Company's fiscal quarters will consist of two four-week fiscal months followed by a five- or six-week fiscal month. The change to the Company’s fiscal year does not impact the Company’s calendar year results for the year ended December 31, 2016, and the Company does not expect the change will impact the prior year comparability of each of the fiscal quarters and annual period in 2016 in future filings.
Basis of Presentation and Interim Financial Statements	Basis of Presentation The accompanying interim condensed consolidated balance sheets as of April 1, 2017 and December 31, 2016 , the interim condensed consolidated statements of comprehensive income for the 13 weeks ended April 1, 2017 and the three months ended March 31, 2016 and the interim condensed consolidated statements of cash flows for the 13 weeks ended April 1, 2017 and three months ended March 31, 2016 , 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 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, 2016, and in the opinion of management, include all adjustments, consisting only of normal recurring adjustments, necessary for the fair presentation of the financial position as of April 1, 2017 and results of our operations for the 13 weeks ended April 1, 2017 and the three months ended March 31, 2016 , and cash flows for the 13 weeks ended April 1, 2017 and three months ended March 31, 2016 . The interim results for the 13 weeks ended April 1, 2017 are not necessarily indicative of the results that may be expected for the fiscal year ending December 30, 2017. 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 16, 2017. Operating results for the 13 weeks ended April 1, 2017 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.
Foreign Currency Transaction and Translation	Foreign Currency Transactions and Translation Exchange adjustments resulting from foreign currency transactions are recognized as a component of other non-operating income (loss) in the accompanying condensed consolidated statements of comprehensive income. For the Company's non-U.S. dollar functional currency subsidiaries, assets and liabilities are translated into U.S. dollars by using period-end exchange rates. Income and expense items are translated at a weighted-average exchange rate prevailing during the period. Adjustments resulting from translation of financial statements are reflected as a separate component of shareholders' equity.
Segment Reporting	Segment Reporting On September 2, 2016, the Company completed the acquisition of Tyrrells Group, a diversified, international company that manufactures and markets BFY snack foods. As a result of this transaction, management determined that it operates in two operating and reportable segments, North America and International. The North America and International segments both operate in the large and growing global snack food category and whose brands and products are offered in the natural and conventional grocery, drug, convenience, food service, club, mass merchandise and other channels. The two snack food segments are reported separately based on differences in manufacturing and distribution methods and economic characteristics.
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 In our North American operations, inventories are valued at the lower of cost or net realizable value using the weighted-average cost method. The Company generally procures certain raw materials inputs and packaging from suppliers and contracts with third-party firms to assemble and warehouse finished products. The third-party co-manufacturers invoice the Company monthly for labor inputs upon the production or shipment of finished product during the period. In our international operations, inventories are valued at the lower of cost or net realizable value using the first-in, first-out method. The Company owns the manufacturing facilities used for production. The costs of finished goods inventories include raw materials, direct labor, indirect production, and overhead costs. 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 carrying value of our inventories is adjusted when we believe 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 expenses. Once inventory is written down, a new, lower-cost basis is established. These adjustments are estimates that require management judgment. Actual results could vary from our estimates and additional inventory write-downs could be required.
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 Net sales are recognized when the earnings process is complete and the risks and rewards of ownership have transferred to the customer, which occurs upon the receipt and acceptance of product by the customer. The Company’s customers are primarily businesses that are stocking its products. The earnings process is complete once the customer order has been placed and approved and the product shipped has been received by the customer or when product is picked up by the Company’s customers at the Company’s co-manufacturer. Product is sold to customers on credit terms established on a customer-by-customer basis. The credit factors used include historical performance, current economic conditions and the nature and volume of the product. 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. The Company extends unsecured credit to its customers in the ordinary course of business but mitigates the associated credit risk by performing credit checks and actively pursuing past due accounts. Accounts are charged to bad debt expense as they are deemed uncollectable based upon a periodic review of aging and collections.
Earnings Per Share	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 outstanding stock options has been accounted for using the two-class method or the treasury stock method, if more dilutive.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In January 2017, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2017-04, "Intangibles-Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment". ASU 2017-04 simplifies the accounting for goodwill impairments by eliminating Step 2 from the goodwill impairment test. Under the previous guidance an impairment of goodwill is when the carrying amount of goodwill exceeds its implied fair value, whereas under the new guidance a goodwill impairment loss would be recognized if the carrying amount of the reporting unit exceeds its fair value, limited to the total amount of goodwill allocated to the that reporting unit. The ASU is effective for annual and any interim impairment tests for periods beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. We adopted this standard in January 2017, and will apply it as necessary in our financial statements. In August 2016, the FASB issued ASU No. 2016-15, "Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments". ASU 2016-15 clarifies how certain cash receipts and cash payments are presented and classified in the statement of cash flows under Topic 230. This ASU is effective for interim and annual periods beginning after December 15, 2017. Early application is permitted. The Company is in the process of assessing the impact of the adoption of ASU 2016-15 on its financial position, results of operations, cash flows and financial statement disclosures In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments-Credit Losses” (Topic 326), which amends the guidance on the impairment of financial instruments. The standard adds an impairment model, referred to as current expected credit loss, which is based on expected losses rather than incurred losses. The standard applies to most debt instruments, trade receivables, lease receivables, reinsurance receivables, financial guarantees and loan commitments. Under the guidance, companies are required to disclose credit quality indicators disaggregated by year of origination for a five-year period. The new guidance is effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2019. We do not anticipate this standard will have a material impact to our consolidated financial statements. In March 2016, the FASB issued ASU No. 2016-08, "Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net)". ASU 2016-08 clarifies the implementation guidance on principal versus agent considerations. In April 2016, the FASB issued ASU No. 2016-10, "Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing". ASU 2016-10 clarifies the implementation guidance on identifying performance obligations. In May 2016, the FASB issued ASU No. 2016-12, "Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients." ASU 2016-12 addresses narrow-scope improvements to the guidance on collectability, non-cash consideration, and completed contracts at transition. Additionally, this ASU provides a practical expedient for contract modifications at transition and an accounting policy election related to the presentation of sales taxes and other similar taxes collected from customers. These ASUs apply to all companies that enter into contracts with customers to transfer goods or services. These ASUs are effective for public entities for interim and annual reporting periods beginning after December 15, 2017. Early adoption is permitted, but not before interim and annual reporting periods beginning after December 15, 2016. Entities have the choice to apply these ASUs either retrospectively to each reporting period presented or by recognizing the cumulative effect of applying these standards at the date of initial application and not adjusting comparative information. The Company does not believe these accounting standard updates will have a material impact on our results of operations. In March 2016, the FASB issued 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 adopted the standard on October 1, 2016 and the adoption did not have an impact on its results of operations, statements of financial position or statements of cash flows. 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 but does not believe the adoption will have a material impact. As of April 1, 2017 , the Company has $5.6 million of non-cancellable lease commitments. In September 2015, the FASB issued ASU No. 2015-16, "Simplifying the Accounting for Measurement-Period Adjustments", which simplifies the accounting for adjustments made to provisional amounts recognized in a business combination by eliminating the requirement to retrospectively account for those adjustments. This revised guidance was effective for annual reporting periods beginning after December 15, 2015, and related interim periods. The amendments in the update were applied prospectively to adjustments to provisional amounts that occurred after the effective date of the update with early application permitted for financial statements not yet issued. We have adopted this guidance and will apply it as necessary in our financial statements. Based on changes to our provisional purchase price accounting, during the 13 weeks ended April 1, 2017, we recorded approximately $0.2 million of additional expense. 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 adopted the standard January 1, 2017 and the adoption did not have a material impact on our condensed consolidated financial statements. 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 Company applied the standard for the 13 weeks ended April 1, 2017 condensed consolidated financial statements and it had no impact on its 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. The Company anticipates the primary impact of the adoption on its consolidated financial statements will be the additional disclosure requirements around revenue recognition in the notes to the consolidated financial statements. Other areas that may potentially be impacted relate to the timing of the transfer of ownership and accounting surrounding the Company's trade promotions. We anticipate our internal control systems will be impacted by the implementation of the new standard.

Summary of Significant Accoun19

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Apr. 01, 2017
Accounting Policies [Abstract]
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): April 1, 2017 December 31, 2016 Liabilities: Contingent consideration (1) $ 2,491 $ 2,491 (1) Contingent consideration is reported in Other liabilities in the accompanying Condensed Consolidated Balance Sheets.
Schedule of Fair Value Level 3 Activity	The following table summarizes the Level 3 activity related to the Contingent Consideration (in thousands): 13 Weeks Ended April 1, 2017 Three Months Ended March 31, 2016 Balance at beginning of the period $ 2,491 $ 1,911 Change in fair value of contingent consideration — — Balance at end of the period $ 2,491 $ 1,911
Schedule of Concentration of Risk	Customers with 10% or more of the Company’s net sales consist of the following: 13 Weeks Ended April 1, 2017 Three Months Ended March 31,2016 Customer: Costco 16 % 29 % Sam's Club 9 % 15 %
Schedule of Earnings per Share	13 Weeks Ended April 1, 2017 Three Months Ended March 31, 2016 (in thousands, except share and per share amounts) Basic and diluted earnings per share: Numerator: Net income $ 528 $ 8,402 Less: net income attributable to participating securities (19 ) (543 ) Net income attributable to common shareholders 509 7,859 Denominator: Basic: Basic weighted average shares outstanding 76,730,776 74,838,937 Less: participating securities (2,759,223 ) (4,833,353 ) Basic weighted average common shares outstanding 73,971,553 70,005,584 Basic earnings per share $ 0.01 $ 0.11 Diluted: Basic weighted average shares outstanding 76,730,776 74,838,937 Unvested RSUs (1) 15,520 — Outstanding stock options (2) — — Diluted weighted average shares outstanding 76,746,296 74,838,937 Less: participating securities (2,759,223 ) (4,833,353 ) Diluted weighted average common shares outstanding 73,987,073 70,005,584 Diluted earnings per share $ 0.01 $ 0.11 (1) Excludes the weighted average impact of 1,358,158 and 116,068 unvested RSUs for the thirteen weeks ended April 1, 2017 and three months ended March 31, 2016, respectively, because the effects of their inclusion would be anti-dilutive. (2) Excludes the weighted average impact of 342,667 and 186,264 outstanding stock options for the thirteen weeks ended April 1, 2017 and three months ended March 31, 2016, respectively, because the effects of their inclusion would be anti-dilutive.

Acquisition (Tables)

Acquisition (Tables)	3 Months Ended
	Apr. 01, 2017
Business Combinations [Abstract]
Schedule of Acquisition	The following table summarizes the preliminary allocation of the purchase consideration for Tyrrells to the estimated fair value of assets acquired and liabilities assumed at the date of acquisition (in thousands). Purchase consideration: Provisional Valuation as of December 31, 2016 Measurement Period Adjustments Current Valuation Cash paid as purchase consideration $ 381,069 $ — $ 381,069 Fair value of equity issued to Sellers 35,319 — 35,319 Total purchase consideration 416,388 — 416,388 Less: cash and cash equivalents acquired (15,451 ) — (15,451 ) Total purchase price, net of cash and cash equivalents acquired 400,937 — 400,937 Fair value of net assets acquired and liabilities assumed: Accounts receivable 21,424 — 21,424 Inventory 8,921 — 8,921 Property and equipment 42,612 9,005 51,617 Other assets 2,845 — 2,845 Indefinite-lived identifiable intangible asset- trade names 261,854 2,524 264,378 Definite-lived identifiable intangible assets- customer relationships (15-year useful life) 44,240 532 44,772 Accounts payable (19,498 ) — (19,498 ) Other liabilities (13,123 ) (1,768 ) (14,891 ) Deferred tax liabilities (51,810 ) (2,329 ) (54,139 ) Total fair value of net assets acquired and liabilities assumed 297,465 7,964 305,429 Excess purchase consideration over fair value of net assets acquired (goodwill) $ 103,472 $ (7,964 ) $ 95,508 The following table summarizes the final allocation of the purchase consideration for Boundless Nutrition to the estimated fair value of assets acquired and liabilities assumed at the date of acquisition (in thousands): Purchase consideration: Cash paid as purchase consideration $ 16,651 Fair value of notes payable issued to sellers as consideration 3,776 Fair value of contingent consideration 1,085 Total purchase consideration 21,512 Less: cash and cash equivalents acquired (129 ) Total purchase price- net of cash and cash equivalents acquired 21,383 Fair value of net assets acquired and liabilities assumed: Accounts receivable and inventory 2,046 Property and equipment 751 Other assets 178 Indefinite-lived identifiable intangible asset- trade name 9,440 Definite-lived identifiable intangible assets- customer relationships and trade name 2,160 Accounts payable (1,111 ) Other liabilities (532 ) Total fair value of net assets acquired and liabilities assumed 12,932 Excess purchase consideration over fair value of net assets acquired (goodwill) $ 8,451
Pro Forma Combined Statements of Operations	The pro forma combined statements of operations are not necessarily indicative of the results of operations as they would have been had the transaction been effected on the assumed date and are not intended to be a projection of future results (in thousands, except per share data): 13 Weeks Ended April 1, 2017 Three Months Ended (Unaudited) Net sales $ 87,218 $ 86,945 Net income $ 528 $ 5,920 Net income per share- basic $ 0.01 $ 0.08 Net income per share- diluted $ 0.01 $ 0.08

Inventory (Tables)

Inventory (Tables)	3 Months Ended
	Apr. 01, 2017
Inventory Disclosure [Abstract]
Schedule of Inventory	Inventories, net of reserves and provisions, consist of the following (in thousands): April 1, 2017 December 31, 2016 Raw materials and packaging $ 9,893 $ 9,313 Work in process 1,403 760 Finished goods 9,994 8,177 Inventories, net $ 21,290 $ 18,250

Property and Equipment (Tables)

Property and Equipment (Tables)	3 Months Ended
	Apr. 01, 2017
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment	Property and equipment, net consist of the following (in thousands): April 1, 2017 December 31, 2016 Machinery and equipment $ 45,436 $ 35,889 Furniture and fixtures 3,901 3,665 Building 5,101 4,408 Land 1,033 928 Leasehold improvements 6,189 3,922 Property and equipment, gross 61,660 48,812 Less: accumulated depreciation (4,921 ) (2,928 ) Property and equipment, net $ 56,739 $ 45,884

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Apr. 01, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	Goodwill consists of the following (in thousands): North America International Total Balance as of December 31, 2016 $ 55,872 $ 96,081 $ 151,953 Purchase price accounting adjustments — (7,395 ) (7,395 ) Foreign currency translation impact — 1,529 1,529 Balance as of April 1, 2017 $ 55,872 $ 90,215 $ 146,087
Schedule of Indefinite-Lived Intangible Assets	Intangible assets consist of the following (in thousands): April 1, 2017 December 31, 2016 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Intangible assets with indefinite lives: Trade names $ 471,078 $ — $ 471,078 $ 464,488 $ — $ 464,488 Intangible assets with finite lives: Customer relationships 108,040 (13,185 ) 94,855 106,830 (11,387 ) 95,443 Non-competition agreement 90 (35 ) 55 90 (32 ) 58 Trade name 20 (18 ) 2 20 (13 ) 7 Total $ 579,228 $ (13,238 ) $ 565,990 $ 571,428 $ (11,432 ) $ 559,996
Schedule of Schedule of Finite-Lived Intangible Assets	Intangible assets consist of the following (in thousands): April 1, 2017 December 31, 2016 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Intangible assets with indefinite lives: Trade names $ 471,078 $ — $ 471,078 $ 464,488 $ — $ 464,488 Intangible assets with finite lives: Customer relationships 108,040 (13,185 ) 94,855 106,830 (11,387 ) 95,443 Non-competition agreement 90 (35 ) 55 90 (32 ) 58 Trade name 20 (18 ) 2 20 (13 ) 7 Total $ 579,228 $ (13,238 ) $ 565,990 $ 571,428 $ (11,432 ) $ 559,996

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	3 Months Ended
	Apr. 01, 2017
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities	The following table shows the components of accrued liabilities (in thousands): April 1, 2017 December 31, 2016 Unbilled inventory $ 2,216 $ 2,409 Accrued commissions 8 432 Accrued bonuses 633 2,133 Accrued personnel costs 633 898 Accrued interest 3,432 3,297 Accrued marketing costs 1,201 157 Accrued professional fees 1,123 913 Accrued VAT 788 825 Other accrued liabilities 1,406 1,441 Total accrued liabilities $ 11,440 $ 12,505

Debt (Tables)

Debt (Tables)	3 Months Ended
	Apr. 01, 2017
Debt Disclosure [Abstract]
Schedule of Long-term Debt	Debt consists of the following (in thousands): April 1, 2017 December 31, 2016 Term loans, net of unamortized original issue discount of $6,124 and $6,321, respectively $ 590,876 $ 592,179 Revolving loans 15,500 8,500 Notes payable, net of unamortized discount of $193 and $236, respectively 7,712 7,669 Deferred financing costs, net of accumulated amortization of $1,430 and $813, respectively (15,341 ) (15,957 ) Total debt 598,747 592,391 Less: Current portion (6,936 ) (6,927 ) Long-term debt $ 591,811 $ 585,464

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Apr. 01, 2017
Commitments and Contingencies Disclosure [Abstract]
Long-term Purchase Commitment	As of April 1, 2017 , the Company's purchase commitments remaining under these contracts were as follows: Ingredient Commitments Remainder of 2017 $ 21,129 2018 8,443 Total $ 29,572
Schedule of Future Minimum Rental Commitments for Noncancellable Operating Leases	As of April 1, 2017 , minimum rental commitments under non-cancellable operating leases were as follows (in thousands): Remainder of 2017 $ 1,049 2018 949 2019 791 2020 729 2021 687 Thereafter 1,420 Total $ 5,625

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Apr. 01, 2017
Segment Reporting [Abstract]
Schedule of Segment Reporting Information by Segment	13 Weeks Ended April 1, 2017 Three Months Ended March 31, 2016 Net sales: North America $ 60,035 $ 54,345 International 27,183 — Total net sales $ 87,218 $ 54,345 Depreciation expense: North America $ 245 $ 107 International 1,669 — Total depreciation expense $ 1,914 $ 107 Amortization of intangible assets: North America $ 1,100 $ 1,063 International 683 — Total amortization expense $ 1,783 $ 1,063 Segment operating income (loss): North America $ 21,091 $ 20,437 International (1,170 ) — Segment operating income 19,921 20,437 Corporate overhead (1) (3,511 ) (2,051 ) Non-recurring and unusual transactions (2) (1,138 ) — Equity-based compensation (1,744 ) (1,079 ) Operating income 13,528 17,307 Reconciliation to income before taxes: Interest expense 10,973 3,026 Other income, net (278 ) — Income before income taxes $ 2,833 $ 14,281 Net sales by brand: SkinnyPop brand $ 53,531 $ 53,080 Tyrrells brand (3) 22,353 — Oatmega brand 3,742 — Paqui brand 2,460 1,265 Lisa's Chips brand (4) 1,925 — Thomas Chipman and the Wholesome Food Company brands (5) 3,207 — Total net sales $ 87,218 $ 54,345 (1) Included in corporate overhead are administrative costs required to operate effectively as a public company, recurring professional fees, corporate-related insurance costs, personnel costs of our executive team, and certain individuals within our finance and human resources departments. (2) Included in non-recurring and unusual transactions are expenses that impact operating income that management considers non-recurring in nature, which we add-back in determining adjusted EBITDA as presented in Item 2 of this Quarterly Report. (3) Tyrrells brand includes private label net sales of items that were manufactured at our facilities in the United Kingdom. (4) Lisa's Chips brand includes private label net sales of items that were manufactured at our facility in Germany. (5) Thomas Chipman and the Wholesome Food Company brands include private label net sales manufactured at our facility in Australia.
Customer Concentration - North America	Customers with 10% or more of our North America segment net sales consist of the following: 13 Weeks Ended April 1, 2017 Three Months Ended March 31, 2016 Customer: Costco 24 % 29 % Sam's Club 13 % 15 %
Schedule of Capital Expenditures and Fixed Assets by Segment	13 Weeks Ended April 1, 2017 Three Months Ended March 31, 2016 Capital expenditures: North America $ 1,212 $ 193 International 1,314 — $ 2,526 $ 193 Fixed assets: April 1, 2017 December 31, 2016 North America $ 5,347 $ 4,168 International 51,392 41,716 $ 56,739 $ 45,884 Total assets: April 1, 2017 December 31, 2016 North America $ 385,590 $ 378,658 International 468,207 459,582 $ 853,797 $ 838,240

Business Overview - Narrative (

Business Overview - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	Dec. 31, 2016	Sep. 02, 2016	Aug. 03, 2015
Tyrrells
Business Acquisition [Line Items]
Total purchase consideration	$ 416,388	$ 416,388
Topco
Business Acquisition [Line Items]
Percent of common shares owned (in shares)			100.00%
Liquidation, price per share (USD per share)			$ 18

Summary of Significant Accoun29

Summary of Significant Accounting Policies - Narrative (Details)	3 Months Ended		12 Months Ended
	Apr. 01, 2017USD ($)segmentshares	Mar. 31, 2016USD ($)shares	Dec. 31, 2016USD ($)	Apr. 30, 2016USD ($)	Aug. 03, 2015USD ($)	Apr. 30, 2015USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of reportable segments | segment	2
Number of primary snack food segments | segment	2
Allowance against trade accounts receivable	$ 11,349,000		$ 9,261,000
Non-cancellable lease commitments	5,625,000
Cost of goods sold	$ 51,908,000	$ 25,927,000
Customer Concentration Risk | Customer One | Accounts Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Concentration risk, percentage	14.00%
Assemblers | Supplier Concentration Risk | Accounts Payable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Concentration risk, percentage	15.00%		19.00%
Notes Payable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Debt instrument, face amount				$ 4,000,000		$ 3,900,000
Debt instrument, interest rate, stated percentage				0.67%		1.50%
Unamortized discount	$ 193,000		$ 236,000	$ 200,000		$ 200,000
Former Holders of Topco Units | Tax Receivable Agreement (TRA)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded tax payment obligation					$ 96,100,000
Restricted Stock Units
Accounts, Notes, Loans and Financing Receivable [Line Items]
Antidilutive securities excluded from computation of earnings per share, (in shares) | shares	1,358,158	116,068
Employee Stock Option
Accounts, Notes, Loans and Financing Receivable [Line Items]
Antidilutive securities excluded from computation of earnings per share, (in shares) | shares	342,667	186,264
Accounting Standards Update 2015-16
Accounts, Notes, Loans and Financing Receivable [Line Items]
Cost of goods sold	$ 200,000

Summary of Significant Accoun30

Summary of Significant Accounting Policies - Schedule of Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Apr. 01, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015
Level 3 | Paqui and Boundless Nutrition | Fair value measurements, recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration	$ 2,491	$ 2,491	$ 1,911	$ 1,911

Summary of Significant Accoun31

Summary of Significant Accounting Policies - Schedule of Contingent Consideration Level 3 Activity (Details) - Paqui and Boundless Nutrition - Level 3 - Fair value measurements, recurring - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2017	Mar. 31, 2016
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning of the period	$ 2,491	$ 1,911
Change in fair value of contingent consideration	0	0
Balance at end of the period	$ 2,491	$ 1,911

Summary of Significant Accoun32

Summary of Significant Accounting Policies - Schedule of Concentration Risk (Details) - Customer Concentration Risk - Sales Revenue, Net	3 Months Ended
	Apr. 01, 2017	Mar. 31, 2016
Costco
Concentration Risk [Line Items]
Concentration risk, percentage	16.00%	29.00%
Sam's Club
Concentration Risk [Line Items]
Concentration risk, percentage	9.00%	15.00%

Summary of Significant Accoun33

Summary of Significant Accounting Policies - Schedule of Earnings per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Apr. 01, 2017	Mar. 31, 2016
Numerator:
Net income	$ 528	$ 8,402
Less: net income attributable to participating securities	(19)	(543)
Net income attributable to common shareholders	$ 509	$ 7,859
Basic:
Basic weighted average shares outstanding (in shares)	76,730,776	74,838,937
Less: participating securities (in shares)	(2,759,223)	(4,833,353)
Basic weighted average common shares outstanding (in shares)	73,971,553	70,005,584
Basic earnings per share (USD per share)	$ 0.01	$ 0.11
Diluted:
Basic weighted average shares outstanding (in shares)	76,730,776	74,838,937
Diluted weighted average shares outstanding (in shares)	76,746,296	74,838,937
Less: participating securities (in shares)	(2,759,223)	(4,833,353)
Diluted weighted average common shares outstanding (in shares)	73,987,073	70,005,584
Diluted earnings per share (USD per share)	$ 0.01	$ 0.11
Restricted Stock Units
Diluted:
Unvested/Outstanding (in shares)	15,520	0
Employee Stock Option
Diluted:
Unvested/Outstanding (in shares)	0	0

Acquisition - Narrative (Detail

Acquisition - Narrative (Details) - USD ($) $ in Thousands, shares in Millions	Dec. 31, 2016	Sep. 02, 2016	Apr. 30, 2016	Apr. 01, 2017	Mar. 31, 2017
Business Acquisition [Line Items]
Goodwill	$ 151,953			$ 146,087
Tyrrells
Business Acquisition [Line Items]
Percentage of voting interests acquired		100.00%
Total purchase consideration	416,388	$ 416,388
Cash paid as purchase consideration	381,069	381,069
Net sales of acquiree since acquisition date				27,600
Earnings (loss) of acquired since acquisition date				(1,400)
Acquired receivables, fair value		28,000
Acquired receivable, estimated uncollectible		6,600
Goodwill	$ 103,472	$ 95,508
Boundless Nutrition, LLC
Business Acquisition [Line Items]
Percentage of voting interests acquired			100.00%
Total purchase consideration			$ 21,512
Cash paid as purchase consideration			16,651
Goodwill			$ 8,451
General and Administrative Expenses | Tyrrells
Business Acquisition [Line Items]
Acquisition related costs				100	$ 9,400
Common Stock | Tyrrells
Business Acquisition [Line Items]
Equity interest issued as purchase consideration (in shares)		2.1
Share consideration		$ 35,300
New Credit Facility | Term Loan
Business Acquisition [Line Items]
Proceeds from issuance of debt		$ 600,000
Oatmega brand
Business Acquisition [Line Items]
Net sales of acquiree since acquisition date				$ 3,742

Acquisition - Schedule of Tyrre

Acquisition - Schedule of Tyrrells Acquisitions (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Sep. 02, 2016	Apr. 01, 2017
Fair value of net assets acquired and liabilities assumed:
Excess purchase consideration over fair value of net assets acquired (goodwill)	$ 151,953		$ 146,087
Measurement period adjustments, excess purchase consideration over fair value of net assets acquired (goodwill)			(7,395)
Tyrrells
Purchase consideration:
Cash paid as purchase consideration	381,069	$ 381,069
Measurement period adjustments, cash paid as purchase consideration			0
Fair value of equity issued to Sellers	35,319	35,319
Measurement period adjustments, fair value of equity issued to Sellers			0
Total purchase consideration	416,388	416,388
Measurement period adjustments, total purchase consideration			0
Less: cash and cash equivalents acquired	(15,451)	(15,451)
Measurement period adjustments, less: cash and cash equivalents acquired			0
Total purchase price-net of cash and cash equivalents acquired	400,937	400,937
Measurement period adjustments, total purchase price, net of cash and cash equivalents acquired			0
Fair value of net assets acquired and liabilities assumed:
Accounts receivable	21,424	21,424
Measurement period adjustments, accounts receivable			0
Inventory	8,921	8,921
Measurement period adjustments, inventory			0
Property and equipment	42,612	51,617
Measurement period adjustments, property and equipment			9,005
Other assets	2,845	2,845
Measurement period adjustments, other assets			0
Indefinite-lived identifiable intangible asset- trade name	261,854	264,378
Measurement period adjustments, indefinite-lived identifiable intangible asset- trade names			2,524
Definite-lived identifiable intangible assets- customer relationships (15-year useful life)	44,240	44,772
Measurement period adjustments, definite-lived identifiable intangible assets- customer relationships (15-year useful life)			532
Accounts payable	(19,498)	(19,498)
Measurement period adjustments, accounts payable			0
Other liabilities	(13,123)	(14,891)
Measurement period adjustments, other liabilities			(1,768)
Deferred tax liabilities	(51,810)	(54,139)
Measurement period adjustments, deferred tax liabilities			(2,329)
Total fair value of net assets acquired and liabilities assumed	297,465	305,429
Measurement period adjustments, total fair value of net assets acquired and liabilities assumed			7,964
Excess purchase consideration over fair value of net assets acquired (goodwill)	$ 103,472	$ 95,508
Measurement period adjustments, excess purchase consideration over fair value of net assets acquired (goodwill)			$ (7,964)
Customer relationships | Tyrrells
Fair value of net assets acquired and liabilities assumed:
Acquired finite-lived intangible assets, useful life		15 years

Acquisition - ProForma Statemen

Acquisition - ProForma Statement of Operations (Details) - Tyrrells - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Apr. 01, 2017	Mar. 31, 2016
Business Acquisition [Line Items]
Net sales	$ 87,218	$ 86,945
Net income	$ 528	$ 5,920
Net income per share- basic (usd per share)	$ 0.01	$ 0.08
Net income per share- diluted (usd per share)	$ 0.01	$ 0.08

Acquisition - Schedule of Bound

Acquisition - Schedule of Boundless Acquisition (Details) - USD ($) $ in Thousands	1 Months Ended
	Apr. 30, 2016	Apr. 01, 2017	Dec. 31, 2016
Fair value of net assets acquired and liabilities assumed:
Excess purchase consideration over fair value of net assets acquired (goodwill)		$ 146,087	$ 151,953
Boundless Nutrition, LLC
Purchase consideration:
Cash paid as purchase consideration	$ 16,651
Total purchase consideration	21,512
Less: cash and cash equivalents acquired	(129)
Total purchase price-net of cash and cash equivalents acquired	21,383
Fair value of net assets acquired and liabilities assumed:
Accounts receivable and inventory	2,046
Property and equipment	751
Other assets	178
Indefinite-lived identifiable intangible asset- trade name	9,440
Definite-lived identifiable intangible assets- customer relationships and trade name	2,160
Accounts payable	(1,111)
Other liabilities	(532)
Total fair value of net assets acquired and liabilities assumed	12,932
Excess purchase consideration over fair value of net assets acquired (goodwill)	8,451
Notes Payable | Boundless Nutrition, LLC
Purchase consideration:
Fair value of liabilities incurred	3,776
Contingent Consideration for Earn-Out Period | Boundless Nutrition, LLC
Purchase consideration:
Fair value of liabilities incurred	$ 1,085

Inventory (Details)

Inventory (Details) - USD ($) $ in Thousands	Apr. 01, 2017	Dec. 31, 2016
Inventory Disclosure [Abstract]
Raw materials and packaging	$ 9,893	$ 9,313
Work in process	1,403	760
Finished goods	9,994	8,177
Inventories, net	21,290	18,250
Obsolete inventory reserve	$ 300	$ 600

Property and Equipment (Details

Property and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2017	Mar. 31, 2016	Dec. 31, 2016
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 61,660		$ 48,812
Less: accumulated depreciation	(4,921)		(2,928)
Property and equipment, net	56,739		45,884
Depreciation	1,914	$ 107
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	45,436		35,889
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property and equipment, gross	3,901		3,665
Building
Property, Plant and Equipment [Line Items]
Property and equipment, gross	5,101		4,408
Land
Property, Plant and Equipment [Line Items]
Property and equipment, gross	1,033		928
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 6,189		$ 3,922

Goodwill and Intangible Asset40

Goodwill and Intangible Assets - Schedule of Goodwill (Details) $ in Thousands	3 Months Ended
	Apr. 01, 2017USD ($)
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 151,953
Purchase price accounting adjustments	(7,395)
Foreign currency translation	1,529
Goodwill, ending balance	146,087
North America
Goodwill [Roll Forward]
Goodwill, beginning balance	55,872
Purchase price accounting adjustments	0
Foreign currency translation	0
Goodwill, ending balance	55,872
International
Goodwill [Roll Forward]
Goodwill, beginning balance	96,081
Purchase price accounting adjustments	(7,395)
Foreign currency translation	1,529
Goodwill, ending balance	$ 90,215

Goodwill and Intangible Asset41

Goodwill and Intangible Assets - Schedule of Indefinite and Finite Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2017	Mar. 31, 2016	Dec. 31, 2016
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Intangible assets, gross	$ 579,228		$ 571,428
Less: accumulated amortization	(13,238)		(11,432)
Intangible assets, net	565,990		559,996
Amortization of intangible assets	1,783	$ 1,063
General and Administrative Expenses
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Amortization of intangible assets	1,800	$ 1,100
Customer relationships
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Finite-lived intangible assets, gross	108,040		106,830
Less: accumulated amortization	(13,185)		(11,387)
Intangible assets, net	94,855		95,443
Non-competition agreement
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Finite-lived intangible assets, gross	90		90
Less: accumulated amortization	(35)		(32)
Intangible assets, net	55		58
Trade names
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Finite-lived intangible assets, gross	20		20
Less: accumulated amortization	(18)		(13)
Intangible assets, net	2		7
Trade names
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Indefinite-lived intangible assets	471,078		464,488
Intangible assets, net	$ 471,078		$ 464,488

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($) $ in Thousands	Apr. 01, 2017	Dec. 31, 2016
Payables and Accruals [Abstract]
Unbilled inventory	$ 2,216	$ 2,409
Accrued commissions	8	432
Accrued bonuses	633	2,133
Accrued personnel costs	633	898
Accrued interest	3,432	3,297
Accrued marketing costs	1,201	157
Accrued professional fees	1,123	913
Accrued VAT	788	825
Other accrued liabilities	1,406	1,441
Total accrued liabilities	$ 11,440	$ 12,505

Debt - Schedule of Long-Term De

Debt - Schedule of Long-Term Debt (Details) - USD ($) $ in Thousands	Apr. 01, 2017	Dec. 31, 2016	Apr. 30, 2016	Apr. 30, 2015
Debt Instrument [Line Items]
Total debt	$ 598,747	$ 592,391
Deferred financing costs, net of accumulated amortization of $1,430 and $813, respectively	(15,341)	(15,957)
Less: Current portion	(6,936)	(6,927)
Long-term debt	591,811	585,464
Deferred financing costs, accumulated amortization	1,430	813
Term Loan
Debt Instrument [Line Items]
Total debt	590,876	592,179
Unamortized discount	6,124	6,321
Notes Payable
Debt Instrument [Line Items]
Total debt	7,712	7,669
Unamortized discount	193	236	$ 200	$ 200
Revolving Facility | Line of Credit
Debt Instrument [Line Items]
Total debt	$ 15,500	$ 8,500

Debt - Narrative (Details)

Debt - Narrative (Details)	Sep. 02, 2016USD ($)	Apr. 01, 2017USD ($)	Dec. 31, 2016USD ($)	Sep. 02, 2016GBP (£)	Sep. 02, 2016USD ($)	Apr. 30, 2016USD ($)	Apr. 30, 2015USD ($)
New Credit Facility
Debt Instrument [Line Items]
Unamortized discount					$ 6,600,000
Debt issuances costs					15,400,000
New Credit Facility | Scenario One, Total Funded Debt to Consolidated EBTIDA Ratio
Debt Instrument [Line Items]
Debt instrument, covenant, EBITDA ratio, maximum (up to)		8.50
New Credit Facility | Scenario Two, Total Funded Debt to Consolidated EBTIDA Ratio
Debt Instrument [Line Items]
Debt instrument, covenant, EBITDA ratio, maximum (up to)		6.25
Term Loan
Debt Instrument [Line Items]
Unamortized discount		$ 6,124,000	$ 6,321,000
Term Loan | New Credit Facility
Debt Instrument [Line Items]
Debt instrument, face amount					600,000,000
Debt instrument, periodic payment	$ 1,500,000
Debt instrument, final periodic payment, due at maturity					$ 559,500,000
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%
Debt instrument, covenant, leverage ratio, maximum				4.50	4.50
Prepayment premium percentage of principal	1.00%
Debt instrument, interest rate effective percentage		6.50%
Debt instrument, pledged equity interest		100.00%
Debt instrument, pledged voting equity interest		65.00%
Debt instrument, pledged non-voting equity interest		100.00%
Term Loan | New Credit Facility | Stepdown Leverage Threshold One
Debt Instrument [Line Items]
Debt instrument, covenant, leverage ratio, maximum				4.50	4.50
Debt instrument, covenant, leverage ratio, minimum				3.75	3.75
Term Loan | New Credit Facility | Stepdown Leverage Threshold Two
Debt Instrument [Line Items]
Debt instrument, covenant, leverage ratio, maximum				3.75	3.75
Term Loan | New Credit Facility | Eurodollar
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	5.50%
Debt instrument, basis spread on variable rate, step down percentage	5.00%
Term Loan | New Credit Facility | Prime Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	4.50%
Debt instrument, basis spread on variable rate, step down percentage	4.00%
Line of Credit | Revolving Facility
Debt Instrument [Line Items]
Credit facility, remaining borrowing capacity		$ 33,400,000
Credit facility, commitment fee percentage		0.50%
Line of Credit | Revolving Facility | Commitment Fee Step-Down Threshold on First Lien Leverage Ratio
Debt Instrument [Line Items]
Debt instrument, covenant, leverage ratio, maximum				3.25	3.25
Credit facility, commitment fee percentage, annual step-down		0.375%
Line of Credit | Revolving Facility | New Credit Facility
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity				£ 20,000,000	$ 50,000,000
Debt instrument, interest rate effective percentage		6.40%
Notes Payable
Debt Instrument [Line Items]
Debt instrument, face amount						$ 4,000,000	$ 3,900,000
Unamortized discount		$ 193,000	$ 236,000			$ 200,000	$ 200,000
Debt instrument, interest rate, stated percentage						0.67%	1.50%
Minimum | Term Loan | New Credit Facility | Eurodollar
Debt Instrument [Line Items]
Debt instrument, interest rate effective percentage				1.00%	1.00%
Minimum | Term Loan | New Credit Facility | Prime Rate
Debt Instrument [Line Items]
Debt instrument, interest rate effective percentage				2.00%	2.00%
Minimum | Line of Credit | Revolving Facility | New Credit Facility | Prime Rate
Debt Instrument [Line Items]
Debt instrument, interest rate effective percentage				1.00%	1.00%

Commitment and Contingencies -

Commitment and Contingencies - Long Term Purchase Commitments (Details) - Inventories - Popcorn Kernels, Oils, Potatoes, Root Vegetables and Various Ingredients $ in Thousands	Apr. 01, 2017USD ($)
Loss Contingencies [Line Items]
Remainder of 2017	$ 21,129
2,018	8,443
Total	$ 29,572

Commitment and Contingencies 46

Commitment and Contingencies - Narrative (Details) - USD ($)	1 Months Ended	3 Months Ended
	Jan. 31, 2017	Apr. 01, 2017	Mar. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Loss on exit activity	$ 200,000	$ 190,000	$ 0
Operating leases rent expense		$ 300,000	$ 100,000

Commitments and Contingencies -

Commitments and Contingencies - Future Minimum Rental Commitments for Noncancellable Operating Leases (Details) $ in Thousands	Apr. 01, 2017USD ($)
Commitments and Contingencies Disclosure [Abstract]
Remainder of 2017	$ 1,049
2,018	949
2,019	791
2,020	729
2,021	687
Thereafter	1,420
Total	$ 5,625

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2017	Mar. 31, 2016
Income Tax Contingency [Line Items]
Income tax expense	$ 2,305	$ 5,879
Pre-tax income	$ 2,833	$ 14,281
Effective income tax rate	81.40%	41.20%
Tyrrells
Income Tax Contingency [Line Items]
Long-term liability for uncertain tax position	$ 1,100

Equity-Based Compensation - Nar

Equity-Based Compensation - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 01, 2017	Mar. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense recorded during the period	$ 1.7	$ 1.1
Granted (in shares)	366,156
Grant date fair value	$ 3.1
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)	3,949,721
Restricted Stock Units | 2015 Plan | Vesting Tranche 1
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unit vesting period	3 years
Restricted Stock Units | 2015 Plan | Vesting Tranche 2
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unit vesting period	4 years

Segment Information - Narrative

Segment Information - Narrative (Details)	3 Months Ended
	Apr. 01, 2017segment
Segment Reporting [Abstract]
Number of reportable segments	2
Number of primary snack food segments	2

Segment Information - Schedule

Segment Information - Schedule of Segment Reporting Information by Segment (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2017	Mar. 31, 2016
Segment Reporting Information [Line Items]
Net Sales	$ 87,218	$ 54,345
Depreciation	1,914	107
Amortization of intangible assets	1,783	1,063
Equity-based compensation	(1,700)	(1,100)
Operating income	13,528	17,307
Interest expense	10,973	3,026
Other income, net	(278)	0
Income before income taxes	2,833	14,281
Operating Segments
Segment Reporting Information [Line Items]
Operating income	19,921	20,437
Operating Segments | North America
Segment Reporting Information [Line Items]
Net Sales	60,035	54,345
Depreciation	245	107
Amortization of intangible assets	1,100	1,063
Operating income	21,091	20,437
Operating Segments | International
Segment Reporting Information [Line Items]
Net Sales	27,183	0
Depreciation	1,669	0
Amortization of intangible assets	683	0
Operating income	(1,170)	0
Corporate, Non-Segment
Segment Reporting Information [Line Items]
Operating income	(3,511)	(2,051)
Segment Reconciling Items
Segment Reporting Information [Line Items]
Non-recurring and unusual transactions	(1,138)	0
Equity-based compensation	(1,744)	(1,079)
SkinnyPop brand
Segment Reporting Information [Line Items]
Net Sales	53,531	53,080
Tyrrells brand
Segment Reporting Information [Line Items]
Net Sales	22,353	0
Oatmega brand
Segment Reporting Information [Line Items]
Net Sales		0
Paqui brand
Segment Reporting Information [Line Items]
Net Sales	2,460	1,265
Lisa's Chips brand
Segment Reporting Information [Line Items]
Net Sales	1,925	0
Thomas Chipman and the Wholesome Food Company brands
Segment Reporting Information [Line Items]
Net Sales	$ 3,207	$ 0

Segment Information - Customer

Segment Information - Customer Concentrations (Details) - Sales Revenue, Net - Customer Concentration Risk	3 Months Ended
	Apr. 01, 2017	Mar. 31, 2016
Costco
Revenue, Major Customer [Line Items]
Concentration risk, percentage	16.00%	29.00%
Costco | North America
Revenue, Major Customer [Line Items]
Concentration risk, percentage	24.00%	29.00%
Sam's Club
Revenue, Major Customer [Line Items]
Concentration risk, percentage	9.00%	15.00%
Sam's Club | North America
Revenue, Major Customer [Line Items]
Concentration risk, percentage	13.00%	15.00%
Customer One | International
Revenue, Major Customer [Line Items]
Concentration risk, percentage	11.00%

Segment Information - Schedul53

Segment Information - Schedule of Capital Expenditures and Fixed by Segment (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2017	Mar. 31, 2016	Dec. 31, 2016
Segment Reporting Information [Line Items]
Capital expenditures	$ 2,526	$ 193
Fixed assets	56,739		$ 45,884
Total assets	853,797		838,240
North America
Segment Reporting Information [Line Items]
Capital expenditures	1,212	193
Fixed assets	5,347		4,168
Total assets	385,590		378,658
International
Segment Reporting Information [Line Items]
Capital expenditures	1,314	$ 0
Fixed assets	51,392		41,716
Total assets	$ 468,207		$ 459,582