The Boston Beer Company, Inc. (SAM) 10-K 22 Feb 22 2021 FY Annual report Financial data

Cover Page

Cover Page - USD ($) $ in Thousands	12 Months Ended
	Dec. 25, 2021	Feb. 18, 2022	Jun. 26, 2021
Document Information [Line Items]
Document Annual Report	true
Document Transition Report	false
Document Type	10-K
Document Period End Date	Dec. 25, 2021
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Registrant Name	THE BOSTON BEER COMPANY, INC.
Entity Interactive Data Current	Yes
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Small Business	false
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Emerging Growth Company	false
Entity File Number	1-14092
Entity Incorporation, State or Country Code	MA
Entity Tax Identification Number	04-3284048
Entity Address, Address Line One	One Design Center Place, Suite 850
Entity Address, City or Town	Boston
Entity Address, State or Province	MA
Entity Address, Postal Zip Code	02210
City Area Code	617
Local Phone Number	368-5000
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Entity Central Index Key	0000949870
Current Fiscal Year End Date	--12-25
Trading Symbol	SAM
Security Exchange Name	NYSE
Title of 12(b) Security	Class A Common Stock
Entity Public Float			$ 9,717,610
Documents Incorporated by Reference	Certain parts of the registrant’s definitive Proxy Statement for its 2022 Annual Meeting to be held on May 18, 2022 a re incorporated by reference into Part III of this report.
Auditor Name	Deloitte & Touche LLP
Auditor Location	Boston, Massachusetts
Auditor Firm ID	34
Common Class A
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		10,225,809
Common Class B
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		2,068,000

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 25, 2021	Dec. 26, 2020	Dec. 28, 2019
Income Statement [Abstract]
Revenue	$ 2,196,650	$ 1,851,813	$ 1,329,108
Less excise taxes	139,028	115,381	79,284
Net revenue	2,057,622	1,736,432	1,249,824
Cost of goods sold	1,259,830	921,980	635,658
Gross profit	797,792	814,452	614,166
Operating expenses:
Advertising, promotional and selling expenses	606,994	447,568	355,613
General and administrative expenses	133,624	118,211	112,730
Contract termination costs and other	30,678
Impairment of assets	18,499	4,466	911
Total operating expenses	789,795	570,245	469,254
Operating income	7,997	244,207	144,912
Other (expense) income:
Interest (expense) income, net	(110)	(199)	647
Other (expense) income, net	(978)	222	(1,189)
Total other (expense) income, net	(1,088)	23	(542)
Income before income tax (benefit) provision	6,909	244,230	144,370
Income tax (benefit) provision	(7,644)	52,270	34,329
Net income	$ 14,553	$ 191,960	$ 110,041
Net income per common share - basic	$ 1.19	$ 15.73	$ 9.26
Net income per common share - diluted	$ 1.17	$ 15.53	$ 9.16
Weighted-average number of common shares - basic	12,280	12,204	11,886
Weighted-average number of common shares - diluted	12,436	12,283	11,908
Net income	$ 14,553	$ 191,960	$ 110,041
Other comprehensive income (loss):
Foreign currency translation adjustment	(32)	25	47
Defined benefit plans liability adjustment	90	1,392	(519)
Total other comprehensive income (loss), net of tax	58	1,417	(472)
Comprehensive income	$ 14,611	$ 193,377	$ 109,569

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 25, 2021	Dec. 26, 2020
Current Assets:
Cash and cash equivalents	$ 26,853	$ 163,282
Restricted cash	39,468
Accounts receivable	55,022	78,358
Inventories	149,118	130,910
Prepaid expenses and other current assets	21,462	30,230
Income tax receivable	53,418	10,393
Total current assets	345,341	413,173
Property, plant and equipment, net	664,815	623,083
Operating right-of-use assets	52,774	58,483
Goodwill	112,529	112,529
Intangible assets	103,677	103,930
Third-party production prepayments	88,294	56,843
Other assets	19,354	10,784
Total assets	1,386,784	1,378,825
Current Liabilities:
Accounts payable	85,920	121,647
Accrued expenses and other current liabilities	161,552	129,544
Current operating lease liabilities	7,634	8,232
Total current liabilities	255,106	259,423
Deferred income taxes, net	87,495	92,665
Non-current operating lease liabilities	53,849	59,171
Other liabilities	6,925	10,599
Total liabilities	403,375	421,858
Commitments and Contingencies (See Note N)
Stockholders’ Equity:
Additional paid-in capital	611,622	599,737
Accumulated other comprehensive loss	(194)	(252)
Retained earnings	371,858	357,360
Total stockholders’ equity	983,409	956,967
Total liabilities and stockholders’ equity	1,386,784	1,378,825
Common Class A
Stockholders’ Equity:
Common Stock	102	100
Common Class B
Stockholders’ Equity:
Common Stock	$ 21	$ 22

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 25, 2021	Dec. 26, 2020
Common Class A
Common Stock, par value	$ 0.01	$ 0.01
Common Stock, shares authorized	22,700,000	22,700,000
Common Stock, shares issued	10,183,801	10,004,681
Common Stock, shares outstanding	10,183,801	10,004,681
Common Class B
Common Stock, par value	$ 0.01	$ 0.01
Common Stock, shares authorized	4,200,000	4,200,000
Common Stock, shares issued	2,068,000	2,177,983
Common Stock, shares outstanding	2,068,000	2,177,983

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Common StockCommon Class A	Common StockCommon Class B	Additional Paid-in Capital	Accumulated Other Comprehensive Loss	Retained Earnings	Retained EarningsCumulative Effect, Period of Adoption, Adjustment
Balance at Dec. 29, 2018	$ 460,317		$ 86	$ 29	$ 405,711	$ (1,197)	$ 55,688
Balance (ASU 2014-09) at Dec. 29, 2018		$ (329)						$ (329)
Balance (in shares) at Dec. 29, 2018			8,580,000	2,918,000
Net income	110,041						110,041
Stock options exercised and restricted shares activities	8,999		$ 1		8,998
Stock options exercised and restricted shares activities (in shares)			116,000
Stock-based compensation expense	12,337				12,337
Shares issued in connection with Dogfish Head merger	144,743		$ 5		144,738
Shares issued in connection with Dogfish Head merger (in shares)			430,000
Conversion from Class B to Class A			$ 2	$ (2)
Conversion from Class B to Class A (in shares)			245,000	(245,000)
Defined benefit plans liability adjustment, net of tax	(519)					(519)
Foreign currency translation adjustment	47					47
Balance at Dec. 28, 2019	735,636		$ 94	$ 27	571,784	(1,669)	165,400
Balance (in shares) at Dec. 28, 2019			9,371,000	2,673,000
Net income	191,960						191,960
Stock options exercised and restricted shares activities	12,672		$ 1		12,671
Stock options exercised and restricted shares activities (in shares)			139,000
Stock-based compensation expense	15,282				15,282
Conversion from Class B to Class A			$ 5	$ (5)
Conversion from Class B to Class A (in shares)			495,000	(495,000)
Defined benefit plans liability adjustment, net of tax	1,392					1,392
Foreign currency translation adjustment	25					25
Balance at Dec. 26, 2020	956,967		$ 100	$ 22	599,737	(252)	357,360
Balance (ASU 2019-12) at Dec. 26, 2020		$ (55)						$ (55)
Balance (in shares) at Dec. 26, 2020			10,005,000	2,178,000
Net income	14,553						14,553
Stock options exercised and restricted shares activities	$ (6,729)		$ 1		(6,730)
Stock options exercised and restricted shares activities (in shares)	40,913		69,000
Stock-based compensation expense	$ 18,615				18,615
Conversion from Class B to Class A			$ 1	$ (1)
Conversion from Class B to Class A (in shares)			110,000	(110,000)
Defined benefit plans liability adjustment, net of tax	90					90
Foreign currency translation adjustment	(32)					(32)
Balance at Dec. 25, 2021	$ 983,409		$ 102	$ 21	$ 611,622	$ (194)	$ 371,858
Balance (in shares) at Dec. 25, 2021			10,184,000	2,068,000

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 25, 2021	Dec. 26, 2020	Dec. 28, 2019
Statement of Stockholders' Equity [Abstract]
Defined benefit plans liability adjustment, tax	$ 20	$ 467	$ 176

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 25, 2021	Dec. 26, 2020	Dec. 28, 2019
Cash flows provided by operating activities:
Net income	$ 14,553	$ 191,960	$ 110,041
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	72,096	65,657	56,271
Impairment of assets	18,499	4,466	911
(Gain) loss on disposal of property, plant and equipment	(217)	(639)	871
Change in right-of-use assets	8,018	7,355	4,207
Bad debt (recovery) expense	(182)	488	45
Stock-based compensation expense	18,615	15,282	12,337
Deferred income taxes	(5,225)	17,655	7,404
Changes in operating assets and liabilities:
Accounts receivable	23,071	(24,014)	(12,260)
Inventories	(21,224)	(24,463)	(24,932)
Prepaid expenses, income tax receivable and other current assets	(49,073)	(9,531)	(383)
Third-party production prepayments	(16,635)	(53,851)	(14,019)
Other assets	(5,699)	(351)	540
Accounts payable	(27,361)	40,771	21,417
Accrued expenses and other current liabilities	38,894	24,469	18,618
Change in operating lease liabilities	(8,229)	(3,786)	(3,277)
Other liabilities	(3,604)	1,939	451
Net cash provided by operating activities	56,297	253,407	178,242
Cash flows used in investing activities:
Purchases of property, plant and equipment	(147,919)	(139,996)	(93,233)
Proceeds from disposal of property, plant and equipment	1,157	487	165
Investment in Dogfish Head, net of cash acquired			(165,517)
Other investing activities	145	392	(244)
Net cash used in investing activities	(146,617)	(139,117)	(258,829)
Cash flows (used in) provided by financing activities:
Proceeds from exercise of stock options and sale of investment shares	10,465	15,274	9,236
Net cash paid on note payable and finance leases	(1,570)	(1,260)	(378)
Cash borrowed on line of credit		100,000	97,000
Cash paid on line of credit		(100,000)	(97,000)
Payment of tax withholding on stock-based payment awards and investment shares	(15,536)	(1,692)
Net cash (used in) provided by financing activities	(6,641)	12,322	8,858
Change in cash and cash equivalents	(96,961)	126,612	(71,729)
Cash and cash equivalents at beginning of year	163,282	36,670	108,399
Cash and cash equivalents at end of period	66,321	163,282	36,670
Supplemental disclosure of cash flow information:
Non cash consideration issued in Dogfish Head Transaction			144,743
Income taxes paid	53,889	36,032	30,760
Income taxes refunded	12,668	60	18
Cash paid for amounts included in measurement of lease liabilities
Operating cash flows from operating leases	10,495	6,194	4,696
Operating cash flows from finance leases	121	143	56
Financing cash flows from finance leases	1,499	1,192	313
Right-of-use-assets obtained in exchange for operating lease obligations	2,309	12,081	57,966
Right-of-use-assets obtained in exchange for finance lease obligations	472	2,689	2,837
Interest paid on revolving credit facility		246	451
Change in purchase of property, plant and equipment in accounts payable and accrued expenses	15,824	9,387	6,632
Supplemental disclosure of cash, cash equivalents and restricted cash
Cash and cash equivalents	26,853	163,282	36,670
Restricted cash	39,468
Total cash, cash equivalents and restricted cash shown in the statements of cash flows	$ 66,321	$ 163,282	$ 36,670

Organization and Basis of Prese

Organization and Basis of Presentation	12 Months Ended
	Dec. 25, 2021
Accounting Policies [Abstract]
Organization and Basis of Presentation	A. Organization and Basis of Presentation The Boston Beer Company, Inc. and certain subsidiaries (the “Company”) are engaged in the business of selling alcohol beverages throughout the United States and in selected international markets, under the trade names “The Boston Beer Company®”, “Twisted Tea Brewing Company®”, “Hard Seltzer Beverage Company”, “Angry Orchard® Cider Company”, “Dogfish Head® Craft Brewery”, “Dogfish Head Distilling Co.”, “Angel City® Brewing Company”, “Coney Island® Brewing Company” and “Bevy Long Drink Co."

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 25, 2021
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	B. Summary of Significant Accounting Policies Fiscal Year The Company’s fiscal year is a fifty-two or fifty-three-week period ending on the last Saturday in December. The 2021, 2020 and 2019 fiscal years all consisted of fifty-two weeks. Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company and its subsidiaries, all of which are wholly-owned. All intercompany transactions and balances have been eliminated in consolidation. Use of Estimates The preparation of the consolidated financial statements in conformity with U.S. generally accepted accounting principles requires management 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 revenue and expenses during the reporting period. Actual results could differ from those estimates. COVID-19 The Company began seeing the impact of the COVID-19 pandemic on its business in early March 2020. The direct financial impact of the pandemic primarily included significantly reduced keg demand from the on-premise channel and higher labor and safety-related costs at the Company’s breweries. In addition to these direct financial impacts, COVID-19 related safety measures resulted in a reduction of brewery productivity. In fiscal year 2020, the Company recorded COVID-19 related pre-tax reductions in net revenue and increases in other costs that total $ 16.0 million. In 2021 and going forward, the Company will not report COVID-19 related direct costs separately as they are viewed to be a normal part of operations. Cash and Cash Equivalents Cash and cash equivalents at December 25, 2021 and December 26, 2020 included cash on-hand and money market instruments that are highly liquid investments. Cash and cash equivalents are carried at cost, which approximates fair value. Restricted Cash At December 25, 2021 restricted cash included money received from a distributor pursuant to an indemnification agreement to consolidate distribution rights in a region in accordance with state regulations. Restricted cash is carried at cost, which approximates fair value. Accounts Receivable and Allowance for Doubtful Accounts The Company’s accounts receivable primarily consist of trade receivables. The Company records an allowance for doubtful accounts that is based on historical trends, customer knowledge, any known disputes, and the aging of the accounts receivable balances combined with management’s estimate of future potential recoverability. Receivables are written off against the allowance after all attempts to collect a receivable have failed. The Company believes its allowance for doubtful accounts as of December 25, 2021 and December 26, 2020 are adequate, but actual write-offs could exceed the recorded allowance. Concentrations of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash equivalents, restricted cash, and trade receivables. The Company places its cash equivalents and restricted cash with high credit quality financial institutions. As of December 25, 2021, the Company’s cash and cash equivalents and restricted cash were invested in investment-grade, highly liquid U.S. government agency corporate money market accounts. The Company sells primarily to a network of independent wholesalers in the United States and to a network of foreign wholesalers, importers or other age ncies (collectively referred to as “Distributors”). In 2021, 2020 and 2019, sales to foreign Distributors were approximately 4% of total sales. Receivables arising from these sales are not collateralized; however, credit risk is minimized as a result of the large and diverse nature of the Company’s customer base. There were no individual customer accounts receivable balances outstanding at December 25, 2021 or December 26, 2020 that were in excess of 10% of the gross accounts receivable balance on those dates. No individual customers represented more than 10% of the Company’s revenues in fiscal years 2021, 2020, or 2019. Financial Instruments and Fair Value of Financial Instruments The Company’s primary financial instruments at December 25, 2021 and December 26, 2020 consisted of cash equivalents, restricted cash, accounts receivable, and accounts payable. The Company determines the fair value of its financial assets and liabilities in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 820, Fair Value Measurements and Disclosures (“ASC 820”). The Company believes that the carrying amount of its cash equivalents, restricted cash, accounts receivable, and accounts payable approximates fair value due to the short-term nature of these assets and liabilities. The Company is not exposed to significant interest, currency or credit risks arising from these financial assets and liabilities. Inventories and Provision for Excess or Expired Inventory Inventories consist of raw and packaging materials, work in process and finished goods. Raw materials, which principally consist of hops, malt, apple juice, other brewing materials and packaging, are stated at the lower of cost (first-in, first-out basis) or net realizable value. The Company’s goal is to maintain on-hand a supply of approximately two years for essential hop varieties, in order to limit the risk of an unexpected reduction in supply. Inventories are generally classified as current assets. The Company classifies hops inventory in excess of two years of forecasted usage in other long-term assets. The cost elements of work in process and finished goods inventory consist of raw materials, direct labor and manufacturing overhead. Packaging design costs are expensed as incurred. The Company enters into multi-year purchase commitments in order to secure adequate supply of ingredients and packaging, to brew and package its products. Inventory on hand totaled $ 161.8 million at December 25, 2021. The provisions for excess or expired inventory are based on management’s estimates of forecasted usage of inventories on hand. Forecasting usage involves significant judgments regarding future demand for the Company’s various existing products and products under development as well as the potency and shelf-life of various raw material ingredients and finished goods. A significant change in the timing or level of demand for certain products as compared to forecasted amounts may result in recording additional provisions for excess or expired inventory in the future. Provision for excess or expired inventory included in cost of goods sold was $ 62.6 million, $ 11.3 million, and $ 8.1 million in fiscal years 2021, 2020, and 2019 respectively. Property, Plant and Equipment Property, plant, and equipment are stated at cost or fair value as of the date of acquisition. Expenditures for repairs and maintenance are expensed as incurred. Major renewals and betterments that extend the life of the property are capitalized. Depreciation is computed using the straight-line method based upon the estimated useful lives of the underlying assets as follows: Kegs 5 years Computer software and equipment 2 to 5 years Office equipment and furniture 3 to 7 years Machinery and plant equipment 3 to 20 years , or the term of the production agreement, whichever is shorter Leasehold improvements Lesser of the remaining term of the lease or estimated useful life of the asset Building and building improvements 12 to 20 years , or the remaining useful life of the building, whichever is shorter For purposes of determining whether there are any impairment losses, as further discussed below, management has historically examined the carrying value of the Company’s identifiable long-lived assets, including their useful lives, semi-annually, or more frequently when indicators of impairment are present. Evaluations of whether indicators of impairment exist involve judgments regarding the current and future business environment and the length of time the Company intends to use the asset. If an impairment loss is identified based on the fair value of the asset, as compared to the carrying value of the asset, such loss would be charged to expense in the period the impairment is identified. Furthermore, if the review of the carrying values of the long-lived assets indicates impairment of such assets, the Company may determine that shorter estimated useful lives are more appropriate. In that event, the Company will be required to record additional depreciation in future periods, which will reduce earnings. Estimating the amount of impairment, if any, requires significant judgments including identification of potential impairments, market comparison to similar assets, estimated cash flows to be generated by the asset, discount rates, the remaining useful life of the asset, and the usefulness of the asset in consideration of future business plans. Impairment of assets included in operating expenses was $ 18.5 million, $ 4.4 million and $ 0.9 million in fiscal years 2021, 2020 and 2019, respectively . Factors generally considered important which could trigger an impairment review on the carrying value of long-lived assets include the following: (1) significant underperformance relative to historical or projected future operating results; (2) significant changes in the manner of use of acquired assets or the strategy for the Company’s overall business; (3) underutilization of assets; and (4) discontinuance of products by the Company or its customers. Segment Reporting The Company consists of one operating segment that produces and sells alcohol beverages under the Company’s Truly Hard Seltzer, Twisted Tea, Samuel Adams, Angry Orchard, Dogfish Head, Angel City, Coney Island, and Concrete Beach, brands. All brands are predominantly beverages that are manufactured using similar production processes, have comparable alcohol content, generally fall under the same regulatory environment, and are sold to the same types of customers in similar size quantities at similar price points, with similar profit margins, and through the same channels of distribution. Goodwill and Intangible Assets The Company has recorded intangible assets with indefinite lives and goodwill for which impairment testing is required at least annually or more frequently if events or circumstances indicate that these assets might be impaired. The Company performs its annual impairment tests and re-evaluates the useful lives of other intangible assets with indefinite lives at the annual impairment test measurement date in the third quarter of each fiscal year or when circumstances arise that indicate a possible impairment or change in useful life might exist. The Company’s annual goodwill impairment evaluation analysis conducted at the end of fiscal August indicated that the fair value of the Company’s goodwill was substantially greater than the carrying value and there was no impairment to record during 2021. The guidance for goodwill impairment testing allows an entity to assess qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that the estimated fair value of a reporting unit, of which the Company has one, is less than its carrying amount or to proceed directly to performing a quantitative impairment test. Under the quantitative assessment, the estimated fair value of the Company’s reporting unit is compared to its carrying value, including goodwill. The estimate of fair value of the Company’s reporting unit is generally calculated based on an income approach using the discounted cash flow method supplemented by the market approach which considers the Company’s market capitalization and enterprise value. If the estimated fair value of the Company’s reporting unit is less than the carrying value of its reporting unit, a goodwill impairment will be recognized. In estimating the fair value of the Company’s reporting unit, management must make assumptions and projections regarding such items as future cash flows, future revenues, future earnings, cost of capital, and other factors. The assumptions used in the estimate of fair value are based on historical trends and the projections and assumptions that are used in the latest operating plans. These assumptions reflect management’s estimates of future economic and competitive conditions and are, therefore, subject to change as a result of changing market conditions. If these estimates or their related assumptions change in the future, the Company may be required to recognize an impairment loss for the Company’s goodwill which could have a material adverse impact on the Company’s financial statements. The Company’s annual intangible asset impairment evaluation analysis conducted at the end of fiscal August indicated that the fair value of the intangible assets was greater than the carrying value and there was no impairment to record during 2021. The Company’s intangible assets consist primarily of a trademark and customer relationships obtained through the Company’s Dogfish Head acquisition. Customer relationships are amortized over their estimated useful lives. The Dogfish Head trademark which was determined to have an indefinite useful life is not amortized. The guidance for indefinite lived intangible asset impairment testing allows an entity to assess qualitative factors to determine whether the existence of events or circumstances indicates that it is more likely than not that the indefinite lived intangible asset is impaired or to proceed directly to performing the quantitative impairment test. Under the quantitative assessment, the trademark is evaluated for impairment by comparing the carrying value of the trademark to its estimated fair value. The estimated fair value of the trademark is calculated based on an income approach using the relief from royalty method. If the estimated fair value is less than the carrying value of the trademark, then an impairment charge is recognized to reduce the carrying value of the trademark to its estimated fair value. Significant judgement is required to estimate the fair value the Dogfish Head trademark. Accordingly, the Company obtains the assistance of third-party valuation specialists as part of the impairment evaluation. In estimating the fair value of the trademark, management must make assumptions and projections regarding future cash flows based upon future revenues, the market-based royalty rate, the discount rate, the tax rate and other factors. These assumptions reflect management’s estimates of future economic and competitive conditions and consider many factors including macroeconomic conditions, industry growth rates, competitive activities, as well as the impact the COVID-19 pandemic has had on the Company. The assumptions and projections used in the estimate of fair value are consistent with historical trends and those used in current operating plans and the Company believes they are reasonable and comparable to those that would be used by other marketplace participants . Refundable Deposits on Kegs and Pallets The Company distributes its packaged hard seltzer, beer and hard cider primarily in cans and glass bottles and its draft beer in kegs and such cans, bottles, and kegs are shipped on pallets to Distributors. Most kegs and pallets are owned by the Company. Kegs are reflected in the Company’s balance sheets at cost and are depreciated over the estimated useful life of the keg, while pallets are expensed upon purchase. Upon shipment of beer to Distributors, the Company collects a refundable deposit on the kegs and certain pallets, which is included in current liabilities in the Company’s balance sheets. Upon return of the kegs and pallets to the Company, the deposit is refunded to the Distributor. The Company has experienced some loss of kegs and pallets and anticipates that some loss will occur in future periods due to the significant volume of kegs and pallets handled by each Distributor and retailer, the homogeneous nature of kegs and pallets owned by most brewers, and the relatively small deposit collected for each keg when compared with its market value. The Company believes that this is an industry-wide issue and that the Company’s loss experience is not atypical. The Company believes that the loss of kegs and pallets, after considering the forfeiture of related deposits, has not been material to the financial statements. The Company uses internal records, records maintained by Distributors, records maintained by other third-party vendors and historical information to estimate the physical count of kegs and pallets held by Distributors. These estimates affect the amount recor ded as property, plant and equipment and current liabilities as of the date of the financial statements. The actual liability for refundable deposits could differ from these estimates. For the year ended December 25, 2021, the Company decreased its liability for refundable deposits, gross property, plant and equipment and related accumulated depreciation by $ 0.5 million, $ 0.9 million and $ 0.9 million, respectively. For the year ended December 26, 2020, the Company decreased its liability for refundable deposits, gross property, plant and equipment and related accumulated depreciation by $ 0.4 million, $ 0.8 millio n and $ 0.8 million, respectively. As of December 25, 2021, and December 26, 2020, the Company’s balance sheet includes $ 13.4 million and $ 15.5 million, respectively, in refundable deposits on kegs and pallets and $ 0.2 million and $ 0.3 million, respectively, in kegs, net of accumulated depreciation. Income Taxes The Company provides for deferred taxes using an asset and liability approach that requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been recognized in the Company’s consolidated financial statements or tax returns. This results in differences between the book and tax basis of the Company’s assets, liabilities and carry-forwards, such as tax credits. In estimating future tax consequences, all expected future events, other than enactment of changes in the tax laws or rates, are generally considered. Valuation allowances are provided when recovery of deferred tax assets does not meet the more likely than not standards as defined in ASC Topic 740, Income Taxes . The calculation of the Company’s tax liabilities involves dealing with uncertainties in the application of tax regulations in several different state tax jurisdictions. The Company is periodically reviewed by tax authorities regarding the amount of taxes due. These reviews include inquiries regarding the timing and amount of deductions and the allocation of income among various tax jurisdictions. The Company records estimated reserves for exposures associated with positions that it takes on its income tax returns that do not meet the more likely than not standards as defined in ASC Topic 740, Income Taxes . Revenue Recognition and Classification of Customer Programs and Incentives During fiscal years 2021, 2020 and 2019 ap proximately 95 % of the Company’s revenue was from shipments of its products to domestic Distributors and 4 % from shipments to international Distributors, primarily located in Canada. Less than 1 % of the Company’s revenue is from retail beer, cider, food and merchandise sales at the Comp any’s retail locations. The Company recognizes revenue when obligations under the terms of a contract with its customer are satisfied; generally, this occurs with the transfer of control of its products. Revenue is measured as the amount of consideration expected to be received in exchange for transferring products. If the conditions for revenue recognition are not met, the Company defers the revenue until all conditions are met. As of December 25, 2021, and December 26, 2020, the Company had deferred revenue of $ 8.0 million and $ 13.5 million, respectively, related to product shipped prior to these dates. These amounts are included in accrued expenses and other current liabilities in the accompanying consolidated balance sheets. The Company is committed to maintaining the freshness of its products in the market. In certain circumstances and with the Company’s approval, the Company accepts and destroys stale beer that is returned by Distributors. The Company generally credits approximately fifty percent of the distributor’s cost of beer that has passed its freshness expiration date when it is returned to the Company or destroyed. The Company reduces revenue and establishes an accrual based upon both historical returns, which is applied to an estimated lag time for receipt of product, and knowledge of specific return transactions. Estimating this reserve involves significant judgments and estimates, including comparability of historical return trends to future trends, lag time from date of sale to date of return, and product mix of returns. Stale beer expense is reflected in the accompanying financial statements as a reduction of revenue. Historically, the cost of actual stale beer returns has been in line with established reserves; however, the cost could differ materially from the reserves which would impact revenue. As of December 25, 2021, and December 26, 2020, the stale beer reserve was $ 6.0 million and $ 3.1 million, respectively. These amounts are included in accrued expenses and other current liabilities in the accompanying consolidated balance sheets. Provision for stale beer recorded as reductions to revenue totale d $ 9.5 million, $ 8.4 million, and $ 4.4 million in fiscal years 2021, 2020, and 2019 respectively. Customer programs and incentives are a common practice in the alcohol beverage industry. Amounts paid in connection with customer programs and incentives are recorded as reductions to net revenue or as advertising, promotional and selling expenses, based on the nature of the expenditure. Customer incentives and other payments made to Distributors are primarily based upon the performance of certain marketing and advertising activities. Depending on applicable state laws and regulations, these activities promoting the Company’s products may include, but are not limited to, point-of-sale and merchandise placement, samples, product displays, promotional programs at retail locations and meals, travel and entertainment. Amounts paid to customers in connection with these programs that were recorded as reductions to net revenue or as advertising, promotional and selling expenses totaled $ 126.1 million , $ 85.0 million and $ 75.2 million in fiscal years 2021, 2020 and 2019, respectively. Estimates are based on historical and projected experience for each type of program or customer and have historically been in line with actual costs incurred. Customer promotional discount programs are entered into with Distributors for certain periods of time. Amounts paid to Distributors in connection with these programs in fiscal years 2021, 2020 and 2019 were $ 72.7 million , $ 59.3 million and $ 43.9 million, respectively. The reimbursements for discounts to Distributors are recorded as reductions to net revenue. The agreed-upon discount rates are applied to certain Distributors’ sales to retailers, based on volume metrics, in order to determine the total discounted amount. The computation of the discount allowance requires that management make certain estimates and assumptions that affect the timing and amounts of revenue and liabilities recorded. Actual promotional discounts owed and paid have historically been in line with allowances recorded by the Company; however, the amounts could differ from the estimated allowances. Customer incentives and other payments are made primarily to Distributors based upon the performance of certain marketing and advertising activities. Depending on applicable state laws and regulations, these activities promoting the Company’s products may include, but are not limited to point-of-sale and merchandise placement, samples, product displays, promotional programs at retail locations and meals , travel and entertainment. Amounts paid to customers in connection with these programs in fiscal years 2021, 2020 and 2019 were $ 53.4 million, $ 25.7 million and $ 31.3 million, respectively. In fiscal years 2021, 2020 and 2019, the Company recorded certain of these costs in the total amount of $ 42.0 million, $ 23.1 million and $ 21.6 . million, respectively as reductions to net revenue. Costs recognized in net revenues include , but are not limited to, promotional discounts, sales incentives and certain other promotional activities. Costs recognized in advertising, promotional and selling expenses include point of sale materials, samples and media advertising expenditures in local markets. These costs are recorded as incurred, generally when invoices are received; however certain estimates are required at the period end. Estimates are based on historical and projected experience for each type of program or customer and have historically been in line with actual costs incurred. In connection with its preparation of financial statements and other financial reporting, management is required to make certain estimates and assumptions regarding the amount, timing and classification of expenditures resulting from these activities. Actual expenditures incurred could differ from management’s estimates and assumptions. Excise Taxes The Company is responsible for compliance with TTB regulations, including making timely and accurate excise tax payments. The Company is subject to periodic compliance audits by the TTB. Individual states also impose excise taxes on alcohol beverages in varying amounts. The Company calculates its excise tax expense based upon units shipped and on its understanding of the applicable excise tax laws. Cost of Goods Sold The following expenses are included in cost of goods sold: raw material costs, packaging material costs, costs and income related to deposit activity, purchasing and receiving costs, manufacturing labor and overhead, brewing and processing costs, inspection costs relating to quality control, inbound freight charges, depreciation expense related to manufacturing equipment and warehousing costs, which include rent, labor and overhead costs. Shipping Costs Costs incurred for the shipping of products to customers are included in advertising, promotional and selling expenses in the accompanying consolidated statements of comprehensive income. The Company incurred shipping costs of $ 166.6 million, $ 97.6 million, and $ 69.1 million in fiscal years 2021, 2020 and 2019, respectively. Advertising, Promotional, and Selling Expense The following expenses are included in advertising, promotional and selling expenses in the accompanying consolidated statements of comprehensive income: media advertising and production costs, sales and brand related expenses, sales and brand salary and benefit expenses, stock compensation, meals, travel and entertainment expenses, promotional activity expenses, shipping costs related to shipments of finished goods from manufacturing locations to distributor locations and point-of-sale items. Total advertising and sales promotional expenditures of $ 291.3 million , $ 211.2 million, and $ 177.2 million were included in advertising, promotional and selling expenses in the accompanying consolidated statements of comprehensive income for fiscal years 2021, 2020 and 2019, respectively. The Company conducts certain advertising and promotional activities in its Distributors’ markets and the Distributors make contributions to the Company for such efforts. Reimbursements from Distributors for advertising and promotional activities are recorded as reductions to advertising, promotional and selling expenses. General and Administrative Expenses The following expenses are included in general and administrative expenses in the accompanying consolidated statements of comprehensive income: general and administrative salary and benefit expenses, stock compensation, insurance costs, consulting and professional service fees, rent and utility expenses, meals, travel and entertainment expenses for general and administrative employees, and other general and administrative overhead costs. Stock-Based Compensation The Company accounts for share-based awards in accordance with ASC Topic 718, Compensation – Stock Compensation (“ASC 718”), which generally requires recognition of share-based compensation costs in financial statements based on fair value. Compensation cost is recognized over the period during which an employee is required to provide services in exchange for the award (the requisite service period). The amount of compensation cost recognized in the consolidated statements of comprehensive income is based on the awards ultimately expected to vest, and therefore, reduced for estimated forfeitures. Stock-based compensation was $ 18.6 million , $ 15.3 million and $ 12.3 million in fiscal years 2021, 2020 and 2019, respectively. As permitted by ASC 718, the Company elected to use a lattice model, such as the trinomial option-pricing model, to estimate the fair values of stock options. All option-pricing models require the input of subjective assumptions. These assumptions include the estimated volatility of the Company’s common stock price over the expected term, the expected dividend rate, the estimated post-vesting forfeiture rate, the risk-free interest rate and expected exercise behavior. See Note Q for further discussion of the application of the option-pricing models. In addition, an estimated pre-vesting forfeiture rate is applied in the recognition of the compensation charge. Periodically, the Company grants performance-based stock options. The Company only recognizes compensation expense with respect to these options if it is probable that the performance targets will be met. Consequently, at the end of each reporting period, the Company estimates whether it is probable that performance targets will be met. Changes in the subjective assumptions and estimates can materially affect the amount of stock-based compensation expense recognized in the consolidated statements of comprehensive income. Net Income Per Share Basic net income per share is calculated by dividing net income by the weighted-average common shares outstanding. Diluted net income per share is calculated by dividing net income by the weighted-average common shares and potentially dilutive securities outstanding during the period using the treasury stock method or the two-class method, whichever is more dilutive. Accounting Pronouncements Recently Adopted In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. The standard includes multiple key provisions, including removal of certain exceptions to ASC 740, Income Taxes , and simplification in several other areas such as accounting for a franchise tax (or similar tax) that is partially based on income. ASU 2019-12 is effective for fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. The Company adopted the standard in the first quarter of fiscal 2021 and recorded an adjustment of $ 0.1 million to retained earnings.

Slowdown of the Hard Seltzer Ma

Slowdown of the Hard Seltzer Market Impact	12 Months Ended
	Dec. 25, 2021
Market Risk Benefit [Abstract]
Slowdown of the Hard Seltzer Market Impact	C. Slowdown of the Hard Seltzer Market Impact During the year ended December 25, 2021, the market for hard seltzer products experienced decelerating growth trends. The slowdown in growth trends greatly impacted the Company's volume of production and shipments, as well as its financial results and projections for the future. The volume adjustment resulted in several supply chain related costs recorded during the second half of the year. During the year ended December 25, 2021, the Company recorded excess and obsolete inventory reserves and other inventory related costs totaling $ 59.5 million related specifically to a decline in future volume projections, inclusive of estimated destruction costs of $ 6.1 million. The reserves were recorded for inventory that the Company believes will expire, not be used or otherwise offers no net realizable value to the Company based on its current volume and production forecasts. These reserves were recorded for Truly finished goods inventory that is not expected to be sold prior to expiration, Truly packaging, Truly flavorings and other raw materials that are not projected to be used or will expire prior to being used in production. The actual write-offs and costs to destroy the inventory identified as excess and obsolete may vary from this estimate. The inventory related reserves were recorded within cost of goods sold. The Company has several third-party production agreements in place to meet the expected increased demand for Truly. Due to the volume slowdown, the Company determined that not all of these agreements are needed to meet adjusted demand. Several of these agreements included guaranteed payments and payments for capital expenditures incurred by the third-parties that the Company is still obligated to pay. During the year ended December 25, 2021, the Company recorded contract termination costs totaling $ 14.8 million, which are recorded within contract termination costs and other, to terminate certain third-party production agreements. Additionally, the Company wrote off $ 9.5 million of amounts prepaid pursuant to a third-party production agreement that the Company has no future plans to utilize. Due to the reduction in its production volume projections, the Company evaluated its construction in progress capital projects to determine which assets would generate future economic benefits and concluded that certain projects were impaired. The Company recognized impairment expense of $ 12.7 million related to projects that will be cancelled due to the volume slowdown. Additionally, the Company recognized a provision of $ 6.3 million for amounts owed to third-parties under non-cancellable purchase orders for components of the cancelled projects which was recorded within contract termination costs and other for the year ended December 25, 2021. The combined expense of $ 102.9 million recognized for the above items contributed to the Company's decline in operating profit for the year ended December 25, 2021. The Company does expect to incur shortfall fees at certain of its ongoing third-party production facilities. These shortfall fees are explained in greater detail within Note K of these financial statements.

Restricted Cash

Restricted Cash	12 Months Ended
	Dec. 25, 2021
Restricted Cash [Abstract]
Restricted Cash	D. Restricted Cash During the year ended December 25, 2021, in accordance with state regulations the Company consolidated their distributor rights within a geographical region by terminating the distribution rights of certain existing distributors (the "terminating distributors") and granting these distribution rights to one existing distributor in the region (the "continuing distributor"). As part of this consolidation process, the Company also entered an indemnification agreement in March 2021 with the continuing distributor. As part of the agreement, the Company is indemnified by the continuing distributor for the fair market value of distribution rights paid to the terminating distributors and all related legal fees. In accordance with state regulations, the Company followed the notification process and the distribution rights transferred on December 22, 2021. The Company received the fair market value payments of $ 39.5 million from the continuing distributor on December 19, 2021 and this amount is recorded in restricted cash and accrued liabilities at December 25, 2021. The Company paid the terminating distributors the fair market value payments of $ 39.5 million on December 28, 2021.

Inventories

Inventories	12 Months Ended
	Dec. 25, 2021
Inventory Disclosure [Abstract]
Inventories	E. Inventories Inventories consisted of the following: December 25, December 26, (in thousands) Current inventory: Raw materials $ 78,545 $ 69,272 Work in process 17,764 16,846 Finished goods 52,809 44,792 Total current inventory 149,118 130,910 Long term inventory 12,655 9,639 Total inventory $ 161,773 $ 140,549 As of December 25, 2021 and December 26, 2020, the Company has recorded inventory obsolescence reserves of $ 43.1 million and $ 6.3 million, respectively. The increase in inventory obsolescence was related to hard seltzer inventory that the Company believes will expire, not be used or otherwise offer no net realizable value to the Company based on its current volume and production forecasts. See Note C for further discussion of inventory reserves recorded .

Prepaid Expenses and Other Curr

Prepaid Expenses and Other Current Assets	12 Months Ended
	Dec. 25, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid Expenses and Other Current Assets	F. Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consisted of the following: December 25, December 26, (in thousands) Prepaid advertising, promotional and selling $ 11,193 $ 4,876 Prepaid software and consulting fees 4,698 1,715 Prepaid insurance 3,569 2,035 Prepaid brewing services fee — 14,816 Other 2,002 6,788 $ 21,462 $ 30,230 Effective March 27, 2021, the Company began classifying third-party production prepayments solely as non-current assets and reclassified the $ 14.8 million of third-party production prepayments at December 26, 2020 from current assets to non-current assets. See Note K for further discussion of the Company's third-party brewing arrangements.

Property, Plant and Equipment

Property, Plant and Equipment	12 Months Ended
	Dec. 25, 2021
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	G. Property, Plant and Equipment Property, plant and equipment consisted of the following: December 25, December 26, (in thousands) Machinery and plant equipment $ 729,251 $ 641,790 Kegs 59,794 61,582 Land 25,668 25,753 Building and building improvements 207,565 174,328 Office equipment and furniture 30,085 31,115 Leasehold improvements 70,422 43,157 Assets under construction 35,619 84,564 Property, plant and equipment, gross 1,158,404 1,062,289 Less accumulated depreciation ( 493,589 ) ( 439,206 ) Property, plant and equipment, net $ 664,815 $ 623,083 The Company recorded depreciation expense related to these assets of $ 71.8 million , $ 65.4 million and $ 56.2 million, in fiscal years 2021, 2020, and 2019, respectively. Impairment of Assets The Company evaluates its assets for impairment when events indicate that an asset or asset group may have suffered impairment. During fiscal years 2021, 2020 and 2019, the Company recorded impairment charges of $ 18.5 million, $ 4.4 million and $ 0.9 million, respectively. The increase in impairment charges during fiscal year 2021 relates to write-downs of equipment related to the slowdown of the hard seltzer category. See Note C f or further discussion of impairment charges recorded.

Leases

Leases	12 Months Ended
	Dec. 25, 2021
Leases [Abstract]
Leases	H. Leases The Company has various lease agreements in place for facilities and equipment. Terms of these leases include, in some instances, scheduled rent increases, renewals, purchase options and maintenance costs, and vary by lease. These lease obligations expire at various dates through 2034. As the rate implicit in each lease is not readily determinable, the Company uses its incremental borrowing rate based on information available at le commencement to determine the present value of the lease payments. Leases with an initial term of 12 months or less (“short-term leases”) are not recorded on the balance sheet and are recognized on a straight-line basis over the lease term. T otal right-of-use ("ROU") assets and lease liabilities were as follows: Classification Leases December 25, December 26, (in thousands) Right-of-use assets Operating lease assets Operating right-of-use assets $ 52,774 $ 58,483 Finance lease assets Property, plant and equipment, net 3,014 4,035 Lease Liabilities Current Operating lease liabilities Current operating lease liabilities 7,634 8,232 Finance lease liabilities Accrued expenses and other current liabilities 1,598 1,453 Non-current Operating lease liabilities Non-current operating lease liabilities 53,849 59,171 Finance lease liabilities Other liabilities 1,459 2,631 The gross value and accumulated depreciation of ROU assets related to finance leases were as follows: Finance Leases December 25, December 26, (in thousands) Gross value $ 5,998 $ 5,526 Accumulated amortization ( 2,984 ) ( 1,491 ) Carrying value $ 3,014 $ 4,035 Components of lease cost for the fiscal year-ended are as follows: Fifty-two weeks ended December 25, December 26, December 28, (in thousands) Operating lease cost $ 10,283 $ 9,764 $ 5,625 Variable lease costs not included in liability 1,132 1,643 1,064 Finance lease cost: Amortization of right-of-use asset 1,493 $ 1,185 $ 306 Interest on lease liabilities 121 143 56 Total finance lease cost $ 1,614 $ 1,328 $ 362 Maturities of lease liabilities as of December 25, 2021 are as follows: Operating Finance Weighted- Average Leases Leases Operating Finance (in thousands) 2022 $ 9,633 $ 1,669 2023 10,411 959 2024 10,407 362 2025 7,102 104 2026 6,671 56 Thereafter 26,907 8 Total lease payments 71,131 3,158 Less imputed interest (based on 3.4 % weighted-average ( 9,648 ) ( 101 ) Present value of lease liability $ 61,483 $ 3,057 8.0 2.3

Goodwill and Intangible Assets

Goodwill and Intangible Assets	12 Months Ended
	Dec. 25, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	I. Goodwill and Intangible Assets No impairment of existing goodwill was recorded in any period. The Company’s intangible assets as of December 25, 2021 and December 26, 2020 were as follows: As of December 25, 2021 As of December 26, 2020 Estimated Gross Accumulated Net Book Gross Accumulated Net Book Life (Years) Value Amortization Value Value Amortization Value (in thousands) Customer Relationships 15 $ 3,800 $ ( 633 ) $ 3,167 $ 3,800 $ ( 380 ) $ 3,420 Trade Names Indefinite 100,510 — 100,510 100,510 — 100,510 Total intangible assets $ 104,310 $ ( 633 ) $ 103,677 $ 104,310 $ ( 380 ) $ 103,930 The Company’s annual intangible asset impairment evaluation analysis indicated that the fair value of the intangible assets was greater than the carrying value and there was no impairment to record during 2021. Amortization expense in the fifty-two weeks ended December 25, 2021, December 26, 2020, and December 27, 2019 was approximately $ 253,000 , $ 253,000 and $ 127,000 , respectively . The Company expects to record amortization expense as follows over the five subsequent years: Fiscal Year Amount (in thousands) 2022 $ 253 2023 253 2024 253 2025 253 2026 253 Thereafter 1,900

Third-Party Production Prepayme

Third-Party Production Prepayments	12 Months Ended
	Dec. 25, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Third Party Production Prepayments	J. Third-Party Production Prepayments For fiscal years 2021, 2020 and 2019 the Company brewed and packaged approximately 56 %, 65 %, and 74 %, respectively, of its volume at Company-owned breweries. The Company brewed and packaged approximately 32 %, 33 % and 23 % of its volume across various City Brewing Company, LLC locations for fiscal 2021, 2020 and 2019, respectively. In the normal course of its business, the Company has historically entered into various production arrangements with other brewing companies. Pursuant to these arrangements, the Company generally supplies raw materials and packaging to those brewing companies, and incurs conversion fees for labor at the time the liquid is produced and packaged. The Company has made payments for capital improvements at these third-party brewing facilities that it expenses over the period of the contracts. Total third-party production prepayments were as follows: December 25, December 26, (in thousands) Prepaid expenses and other current assets $ - $ 14,816 Third-party production prepayments 88,294 56,843 Total third-party production prepayments $ 88,294 $ 71,659 Effective March 27, 2021, the Company began classifying third-party production prepayments solely as non-current assets and reclassified the $ 14.8 million of third-party production prepayments at December 26, 2020 from current assets to non-current assets. The Company will expense the total prepaid amount of $ 88.3 million as of December 25, 2021 as a component of cost of goods sold over the contractual period ending December 31, 2025. During the fifty-two weeks ended December 25, 2021, as a result of lower than anticipated demand for certain Truly brand styles and packages, the Company adjusted its volume plans for production at certain third-party facilities. The Company terminated relationships with some of its third-party production suppliers and recorded $ 19.6 million of costs related to terminating these contracts. In addition, the Company wrote off $ 9.5 million of amounts prepaid pursuant to a third-party production agreement that the Company has no future plans to utilize. Refer to Note C of these consolidated financial statements for further details . During the fifty-two weeks ended December 25, 2021, the Company entered into a master transaction agreement with City Brewing Company, LLC to ensure access to capacity at a new location and continued access at certain existing locations. The agreement became effective during the second quarter of fiscal year 2021, upon the closing of the purchase of the new location by the third-party brewing services provider. As part of the master transaction agreement, the Company paid $ 10.0 million for capital improvements at the new location during the third quarter of fiscal year 2021. The Company paid an additional $ 17.9 million to ensure access to capacity during the fourth quarter of 2021. The agreement additionally includes monthly shortfall fees beginning January 1, 2023. At current production volume projections, the Company believes that it will fall short of its future annual volume commitments at certain third-party production facilities, including those that are part of the master transaction agreement described above, and will incur shortfall fees. The Company will expense the shortfall fees during the contractual period when such fees are incurred as a component of cost of goods sold. As of December 25, 2021, if volume for the remaining term of the production arrangements was zero, the contractual shortfall fees would total approximately $ 210 million over the duration of the contracts which have expiration dates through December 31, 2031. In lieu of contractual shortfall fees, the Company terminated certain of its third-party production contracts for $ 7.1 million, with those costs recognized in contract terminations costs and other for the year ended December 25, 2021. At current volume projections the Company anticipates that it will recognize approximately $ 38 million of shortfall fees and expects to record those expenses as follows over the remaining current year and the five subsequent years: Expected Shortfall Fees to be Incurred (in millions) 2022 $ 6 2023 15 2024 11 2025 6 2026 - Thereafter - Total shortfall fees expected to be incurred $ 38

Accrued Expenses and Other Curr

Accrued Expenses and Other Current Liabilities	12 Months Ended
	Dec. 25, 2021
Payables and Accruals [Abstract]
Accrued Expenses and Other Current Liabilities	K. Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities consisted of the following: December 25, December 26, (in thousands) Liability for wholesaler transaction (see Note D) $ 39,468 $ - Advertising, promotional and selling expenses 25,867 15,752 Accrued destruction costs and provisions for non-cancellable purchase orders 18,587 — Employee wages, benefits and reimbursements 21,476 50,938 Accrued deposits 13,521 15,616 Deferred revenue 8,049 13,522 Accrued taxes 7,340 10,133 Accrued returns 6,045 3,092 Other accrued liabilities 21,199 20,491 $ 161,552 $ 129,544

Revolving Line of Credit

Revolving Line of Credit	12 Months Ended
	Dec. 25, 2021
Debt Disclosure [Abstract]
Revolving Line of Credit	L. Revolving Line of Credit The Company has a credit facility in place that provides for a $ 150.0 million revolving line of credit which has a term not scheduled to expire until March 31, 2023 . The Company may elect an interest rate for borrowings under the credit facility based on either (i) the Alternative Prime Rate ( 3.25 % at December 25, 2021) or (ii) the applicable LIBOR rate ( 0.09 % at December 25, 2021) plus 0.45 %. The Company incurs an annual commitment fee of 0.15 % on the unused portion of the facility and is obligated to meet certain fina ncial covenants, which are meas ured using earnings before interest, tax, depreciation and amortization (“EBITDA”) based ratios. The Company’s EBITDA to interest expense ratio was 927.00 as of December 25, 2021, compared to a minimum allowable ratio of 2.00 and the Company’s total funded debt to EBITDA ratio was 0.01 as of December 25, 2021, compared to a maximum allowable ratio of 2.50 . During the fifty-two weeks ended December 26, 2020, the Company borrowed and repaid $ 100.0 million on the credit facility and paid a total of $ 0.2 million in related interest. There were no borrowings outstanding under the credit facility as of December 25, 2021. There are also certain restrictive covenants set forth in the credit agreement. Pursuant to the negative covenants, the Company has agreed that it will not: enter into any indebtedness or guarantees other than those specified by the lender, enter into any sale and leaseback transactions, merge, consolidate, or dispose of significant assets without the lender’s prior written consent, make or maintain any investments other than those permitted in the credit agreement, or enter into any transactions with affiliates outside of the ordinary course of business. In addition, the credit agreement requires the Company to obtain prior written consent from the lender on distributions on account of, or in repurchase, retirement or purchase of its capital stock or other equity interests with the exception of the following: (a) distributions of capital stock from subsidiaries to The Boston Beer Company, Inc. and Boston Beer Corporation (a subsidiary of The Boston Beer Company, Inc.), (b) repurchase from former employees of non-vested investment shares of Class A Common Stock, issued under the Employee Equity Incentive Plan, and (c) redemption of shares of Class A Common Stock as approved by the Board of Directors and payment of cash dividends to its holders of common stock. Borrowings under the credit facility may be used for working capital, capital expenditures and general corporate purposes of the Company and its subsidiaries. In the event of a default that has not been cured, the credit facility would terminate and any unpaid principal and accrued interest would become due and payable.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 25, 2021
Income Tax Disclosure [Abstract]
Income Taxes	M. Income Taxes Significant components of the income tax (benefit) provision are as follows: 2021 2020 2019 (in thousands) Current: Federal $ ( 4,473 ) $ 25,115 $ 18,510 State 2,078 9,455 8,084 Total current ( 2,395 ) 34,570 26,594 Deferred: Federal ( 2,762 ) 16,363 8,081 State ( 2,487 ) 1,337 ( 346 ) Total deferred ( 5,249 ) 17,700 7,735 Total income tax (benefit) provision $ ( 7,644 ) $ 52,270 $ 34,329 The reconciliations to statutory rates are as follows: 2021 2020 2019 Statutory rate 21.0 % 21.0 % 21.0 % State income taxes, net of federal benefit 11.0 4.4 4.6 Deduction relating to excess stock based compensation ( 153.8 ) ( 4.3 ) ( 3.2 ) Non-deductible meals & entertainment 5.6 0.2 0.7 Change in unrecognized tax benefits (including interest and penalty) ( 8.7 ) — — Federal and state provision to return ( 7.1 ) ( 0.1 ) ( 0.3 ) Change in valuation allowance 21.9 0.1 0.4 Other ( 0.6 ) 0.1 0.6 ( 110.7 )% 21.4 % 23.8 % Significant components of the Company’s deferred tax assets and liabilities are as follows at: December 25, 2021 December 26, (in thousands) Deferred tax assets: Lease Liabilities $ 16,236 $ 17,951 Inventory 14,343 4,114 Stock-based compensation expense 6,713 5,568 Loss carryforwards 3,859 — Accrued expenses 3,449 1,581 Accrued commitments for inventory at vendor locations 2,607 — Tax credit carryforwards 1,874 774 Accrued destruction costs 1,538 — Accrued noncancellable purchase orders for cancelled projects 1,134 — Other 1,569 1,439 Total deferred tax assets 53,322 31,427 Valuation allowance ( 3,341 ) ( 2,022 ) Total deferred tax assets net of valuation allowance 49,981 29,405 Deferred tax liabilities: Property, plant and equipment ( 102,696 ) ( 88,947 ) Right-of-use assets ( 14,035 ) ( 15,695 ) Amortization ( 15,024 ) ( 12,900 ) Prepaid expenses ( 5,721 ) ( 4,528 ) Total deferred tax liabilities ( 137,476 ) ( 122,070 ) Net deferred tax liabilities $ ( 87,495 ) $ ( 92,665 ) The Company’s policy is to classify interest and penalties related to income tax matters in income tax expense. Interest and penalties included in the provision for income taxes amounted t o $ 0 in each of the fiscal years 2021, 2020, and 2019. Accrued interest and penalties amounted to $ 0.2 million and $ 0.2 million at December 25, 2021 and December 26, 2020, respectively. A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows: 2021 2020 (in thousands) Balance at beginning of year $ 812 $ 811 Increases related to current year tax positions 59 — Increases related to prior year tax positions 36 13 Decreases related to lapse of statute of limitations ( 675 ) ( 12 ) Balance at end of year $ 232 $ 812 Included in the balance of unrecognized tax benefits at December 25, 2021 and December 26, 2020 are potential net benefits of $ 0.2 million and $ 0.8 million, respectively, that would favorably impact the effective tax rate if recognized. Unrecognized tax benefits are included in accrued expenses in the accompanying consolidated balance sheets and adjusted in the period in which new information about a tax position becomes available or the final outcome differs from the amount recorded. As of December 25, 2021, the Company’s 2018, 2019, and 2020 federal income tax returns remain subject to examination by IRS. The Company’s state income tax returns remain subject to examination for three or four years depending on the state’s statute of limitations. In addition, the Company is generally obligated to report changes in taxable income arising from federal income tax audits. The Company is not currently under any income tax audits as of December 25, 2021. It is reasonably possible that the Company’s unrecognized tax benefits may increase or decrease in 2021 if there are changes as a result of potential income tax audits; however, the Company cannot estimate the range of such possible changes. The Company does not expect that any potential changes would have a material impact on the Company’s financial position, results of operations or cash flows. As of December 25, 2021, the Company’s deferred tax assets included a capital loss carryforward totaling $ 0.9 million, which is expected to expire before being utilized. The Company has included a valuation allowance against this loss carryforward.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 25, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	N. Commitments and Contingencies Contractual Obligations As of December 25, 2021, projected cash outflows under non-cancellable contractual obligations for the remaining years under the contracts are as follows: Payments Due by Period Total 2022 2023 2024 2025 2026 Thereafter (in thousands) Ingredients (excluding hops and malt) $ 158,044 $ 123,662 $ 34,382 $ — $ — $ — $ — Brand support 86,503 65,284 9,778 6,722 4,639 80 — Equipment and machinery 44,542 44,542 — — — — — Hops and malt 45,353 34,047 6,241 3,461 1,604 — — Other 14,766 9,790 2,594 1,696 686 — — Total contractual obligations $ 349,208 $ 277,325 $ 52,995 $ 11,879 $ 6,929 $ 80 $ — The Company’s accounting policy for inventory and non-cancellable purchase commitments is to recognize a loss by establishing a reserve to the extent inventory levels and commitments exceed forecasted needs. The computation of the excess inventory requires management to make certain assumptions regarding future sales growth, product mix, cancellation costs and supply, among others. Actual results may differ materially from management’s estimates. The Company continues to manage inventory levels and purchase commitments in an effort to maximize utilization. However, changes in management’s assumptions regarding future sales growth, product mix and hops market conditions could result in future material losses. The Company utilizes several varieties of hops in the production of its products. To ensure adequate supplies of these varieties, the Company enters into advance multi-year purchase commitments based on forecasted future hop requirements, among other factors. These purchase commitments extend through crop year 2025 and specify both the quantities and prices, denominated in U.S. Dollar, Euros, New Zealand Dollars and British Pounds, to which the Company is committed. Hops purchase commitments outstanding at December 25, 2021 totaled $ 22.5 million, based on the exchange rates on that date. The Company does not use forward currency exchange contracts and intends to purchase future hops using the exchange rate at the time of purchase. These contracts were deemed necessary in order to bring hop inventory levels and purchase commitments into balance with the Company’s current brewing volume and hop usage forecasts. In addition, these contracts enable the Company to secure its position for future supply with hop vendors in the face of some competitive buying activity. Currently, the Company has entered into contracts for barley and wheat used in the Company’s malt with four major suppliers. The contracts cover the Company’s barley, wheat, and malt requirements for 2022 and extend through crop year 2024. These purchase commitments outstanding at December 25, 2021 totaled $ 22.9 million. Certain of the Company’s arrangements with other brewing companies require it to periodically purchase equipment in support of brewery operations. As of December 25, 2021, there were no significant equipment purchase requirements outstanding under existing contracts. Changes to the Company’s brewing strategy or existing production arrangements, new production relationships or the introduction of new products in the future may require the Company to purchase equipment to support the contract breweries’ operations. Additionally, the Company anticipates paying shortfall fees at certain of its third-party brewing locations. See Note J for further discussion of the Company's third-party brewing arrangements. The Company continues to review the impact the COVID-19 pandemic will have on its future commitments and contingencies but does not believe that the future commitments will be materially impacted. Litigation The Company is and in the future may be party to legal proceedings and claims, including class action claims, where significant damages are asserted against it. Given the inherent uncertainty of litigation, it is possible that the Company could incur liabilities as a consequence of these claims, which may or may not have a material adverse effect on the Company’s financial condition or the results of its operations. The Company has contingencies, for which it may record provisions if in the opinion of management and its legal counsel, the risk of loss is probable and able to be estimated. The most significant contingencies are discussed below. Securities Litigation. On September 14, 2021, a purported class action lawsuit was filed by an individual shareholder in the United States District Court for the Southern District of New York against the Company and three of its officers. The complaint alleges claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 between April 22, 2021 and September 8, 2021. The plaintiff claims that defendants made materially false and/or misleading statements or failed to disclose material adverse facts about the Company’s business, operations, and prospects. A second, nearly identical purported class action lawsuit was filed by another individual shareholder in the same court on October 8, 2021. The two cases were consolidated on December 14, 2021, and an amended complaint was filed on January 13, 2022.The Company intends to vigorously defend against this lawsuit. A range of potential loss is not estimable at this time. False Advertising. On August 26, 2021, a proposed class action lawsuit was filed by two individuals in the United States District Court for the Southern District of California against the Company. The complaint alleges claims for false advertising, breach of warranty, unlawful business practices, unfair competition, and violations of certain California and New York consumer protection acts. The plaintiff claims that the Company falsely or misleadingly labelled its Truly products with respect to the ingredients contained therein. The Company intends to vigorously assert and defend its rights in this lawsuit. A range of potential loss is not estimable at this time.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 25, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	O. Fair Value Measurements The Company defines fair value as the price that would be received to sell an asset or be paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company applies the following fair value hierarchy, which prioritizes the inputs used to measure fair value into three levels and bases the categorization within the hierarchy upon the lowest level of input that is available and significant to the fair value measurement. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). • Level 1 — Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. • Level 2 — Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. If the asset or liability has a specified (contractual) term, a Level 2 input must be observable for substantially the full term of the asset or liability. • Level 3 — Level 3 inputs are unobservable inputs for the asset or liability in which there is little, if any, market activity for the asset or liability at the measurement date. The Company’s money market funds are measured at fair value on a recurring basis (at least annually) and are classified within Level 1 of the fair value hierarchy because they are valued using quoted market prices. The money market funds are invested substantially in United States Treasury and government securities. The Company does not adjust the quoted market price for such financial instruments. Cash, restricted cash, receivables and payables are carried at their cost, which approximates fair value, because of their short-term nature. At December 25, 2021 and December 26, 2020, the Company had money market funds with a “Triple A” rated money market fund. The Company considers the “Triple A” rated money market fund to be a large, highly-rated investment-grade institution. As of December 25, 2021 and December 26, 20 20, the Company’s cash and cash equivalents balance was $ 26.9 million and $ 163.3 million, respectively, including money market funds amounting to $ 5.8 million and $ 157.6 million, respectively. During the year ended December 25, 2021, the Company determined that it would be unable to use or repurpose certain of its in-service and under construction capital projects to generate future economic benefits. Accordingly, property, plant and equipment with a carrying value of $ 17.8 million was written down to its estimated fair value of $ 5.1 million. This $ 12.7 million charge was included within asset impairments for the year ended December 25, 2021. The estimate of fair value was determined based on the expected salvage value of the assets. Also relating to discontinued capital projects, the Company recognized a provision of $ 6.3 million for amounts owed to third-parties under non-cancellable purchase orders for components of the capital projects which were determined to have no future economic benefit. Refer to Note C of these financial statements for further details.

Common Stock and Share-Based Co

Common Stock and Share-Based Compensation	12 Months Ended
	Dec. 25, 2021
Share-based Payment Arrangement [Abstract]
Common Stock and Share-Based Compensation	P. Common Stock and Share-Based Compensation Class A Common Stock The Class A Common Stock has no voting rights, except (1) as required by law, (2) for the election of Class A Directors, and (3) that the approval of the holders of the Class A Common Stock is required for (a) certain future authorizations or issuances of additional securities which have rights senior to Class A Common Stock, (b) certain alterations of rights or terms of the Class A or Class B Common Stock as set forth in the Articles of Organization of the Company, (c) other amendments of the Articles of Organization of the Company, (d) certain mergers or consolidations with, or acquisitions of, other entities, and (e) sales or dispositions of any significant portion of the Company’s assets. Class B Common Stock The Class B Common Stock has full voting rights, including the right to (1) elect a majority of the members of the Company’s Board of Directors and (2) approve all (a) amendments to the Company’s Articles of Organization, (b) mergers or consolidations with, or acquisitions of, other entities, (c) sales or dispositions of any significant portion of the Company’s assets, and (d) equity-based and other executive compensation and other significant corporate matters. The Company’s Class B Common Stock is not listed for trading. Each share of Class B Common Stock is freely convertible into one share of Class A Common Stock, upon request of any Class B holder, and participates equally in earnings. All distributions with respect to the Company’s capital stock are restricted by the Company’s credit agreement, with the exception of distributions of capital stock from subsidiaries to The Boston Beer Company, Inc. and Boston Beer Corporation, repurchase from former employees of non-vested investment shares of Class A Common Stock issued under the Company’s equity incentive plan, redemption of certain shares of Class A Common Stock as approved by the Board of Directors and payment of cash dividends to its holders of common stock. Employee Stock Compensation Plan The Company’s Employee Equity Incentive Plan (the “Equity Plan”) currently provides for the grant of discretionary options, restricted stock awards and restricted stock units to employees, and provides for shares to be sold to employees of the Company at a discounted purchase price under its investment share program. The Equity Plan is administered by the Board of Directors of the Company, based on recommendations received from the Compensation Committee of the Board of Directors. The Compensation Committee consists of three independent directors. In determining the quantities and types of awards for grant, the Compensation Committee periodically reviews the objectives of the Company’s compensation system and takes into account the position and responsibilities of the employee being considered, the nature and value to the Company of his or her service and accomplishments, his or her present and potential contributions to the success of the Company, the value of the type of awards to the employee and such other factors as the Compensation Committee deems relevant. Stock options and related vesting requirements and terms are granted at the Board of Directors’ discretion, but generally vest ratably over three to five-year periods and, with respect to certain options granted to members of senior management, based on the Company’s performance. Generally, the maximum contractual term of stock options is ten years , although the Board of Directors may grant options that exceed the ten-year term. During fiscal years 2021, 2020, and 2019, the Company granted options to purchase 18,998 shares , 21,992 shares, 26,507 shares, respectively, of its Class A Common Stock to employees at market value on the grant dates. Of the total 2021 stock option grants, 10,935 are service-based and vest ratably over a service period of 3 years and 8,063 are performance-based. During fiscal years 2021, 2020, and 2019, the Company granted 12,867 shares, 33,403 shares, and 22,509 shares, respectively, of restricted stock units to certain senior managers and key employees. All of the 2021 restricted stock unit grant s are service-based and vest ratably over service periods of three to five years . The Equity Plan also has an investment share program which permits employees who have been with the Company for at least one year to purchase shares of Class A Common Stock at a discount from current market value of 0 % to 40 %, based on the employee’s tenure with the Company. Investment shares vest ratably over service periods of five years . Participants may pay for these shares either up front or through payroll deductions over an eleven-month period during the year of purchase. During fiscal years 2021, 2020, and 2019, employees elected to purchase an aggregate of 4,954 investment shares, 9,127 investment shares, and 7,901 investment shares, respectively. The Company has reserved 6.7 million shares of Class A Common Stock for issuance pursuant to the Equity Plan, of which 1.0 million shares were available for grant as of December 25, 2021. Shares reserved for issuance under cancelled employee stock options and forfeited restricted stock are returned to the reserve under the Equity Plan for future grants or purchases. The Company also purchases unvested investment shares from employees who have left the Company at the lesser of (i) the price paid for the shares when the employee acquired the shares or (ii) the fair market value of the shares as of the date next preceding the date on which the shares are called for redemption by the Company. These shares are also returned to the reserve under the Equity Plan for future grants or purchases. Non-Employee Director Options The Company has a stock option plan for non-employee directors of the Company (the “Non-Employee Director Plan”), pursuant to which each non-employee director of the Company is granted an option to purchase shares of the Company’s Class A Common Stock upon election or re-election to the Board of Directors. Stock options issued to non-employee directors vest upon grant and have a maximum contractual term of ten years . During fiscal years 2021, 2020, and 2019 the Company granted options to purchase an aggregate of 1,422 shares, 4,410 shares, and 4,779 shares of the Company’s Class A Common Stock to non-employee directors, respectively. The Company has reserved 0.6 million shares of Class A Common Stock for issuance pursuant to the Non-Employee Director Plan, of which 0.1 million shares were available for grant as of December 25, 2021. Shares under any cancelled non-employee directors’ stock options or options that expire unexercised are returned to the reserve under the Non-Employee Director Plan for future grants. Option Activity Information related to stock options under the Equity Plan and the Non-Employee Director Plan is summarized as follows: Shares Weighted- Weighted- Aggregate Outstanding at December 26, 2020 241,847 $ 228.58 Granted 20,420 1,031.01 Exercised ( 40,913 ) 186.52 Outstanding at December 25, 2021 221,354 $ 310.38 5.53 $ 54,048 Exercisable at December 25, 2021 98,390 $ 228.66 4.78 $ 28,199 Vested and expected to vest at December 25, 2021 205,369 $ 305.29 5.48 $ 50,688 Of the total options outstanding at December 25, 2021 , 8,057 shares were performance-based options for which the performance criteria had yet to be achieved and 21,992 shares were performance-based options for which the performance criteria had been met but yet to be approved for vesting by the Board of Directors. Stock Compensation to Chief Executive Officer On March 1, 2021, the Company granted its Chief Executive Officer a service-based stock option to purchase 10,935 shares of the Company’s Class A Common stock with a weighted average fair value of $ 457.25 and exercise price of $ 1,028.71 per share, which vests through 2026. The Chief Executive Officer was also granted 4,861 restricted stock units with a weighted-average fair value of $ 1,028.71 per share with service-based vesting through 2026. Stock-Based Compensation The following table provides information regarding stock-based compensation expense included in operating expenses in the accompanying consolidated statements of comprehensive income: 2021 2020 2019 (in thousands) Amounts included in advertising, promotional and $ 5,612 $ 4,467 $ 3,996 Amounts included in general and administrative 13,003 10,815 8,341 Total stock-based compensation expense $ 18,615 $ 15,282 $ 12,337 Amounts related to performance-based stock awards $ 3,384 $ 2,771 $ 1,944 As permitted by ASC 718, the Company uses a lattice model, such as the trinomial option-pricing model, to estimate the fair values of stock options. The Company believes that the Black-Scholes option-pricing model is less effective than the trinomial option-pricing model in valuing long-term options, as it assumes that volatility and interest rates are constant over the life of the option. In addition, the Company believes that the trinomial option-pricing model more accurately reflects the fair value of its stock awards, as it takes into account historical employee exercise patterns based on changes in the Company’s stock price and other relevant variables. The weighted-average fair value of stock options granted in fiscal years 2021, 2020, and 2019 was $ 456.28 , $ 153.31 , and $ 131.91 per share, respectively, as calculated using a trinomial option-pricing model. W eighted average assumptions used to estimate fair values of stock options on the date of grants are as follows: 2021 2020 2019 Expected volatility 36.1 % 32.6 % 32.1 % Risk-free interest rate 1.45 % 1.09 % 2.63 % Expected dividends 0 % 0 % 0 % Exercise factor 2.6 times 2.1 times 2.33 times Discount for post-vesting restrictions 0.0 % 0.0 % 0.0 % Expected volatility is based on the Company’s historical realized volatility. The risk-free interest rate represents the implied yields available from the U.S. Treasury zero-coupon yield curve over the contractual term of the option when using the trinomial option-pricing model. Expected dividend yield is 0 % because the Company has not paid dividends in the past and currently has no known intention to do so in the future. Exercise factor and discount for post-vesting restrictions are based on the Company’s historical experience. Fair value of restricted stock awards is based on the Company’s traded stock price on the date of the grants. Fair value of investment shares is calculated using the trinomial option-pricing model. The Company uses the straight-line attribution method in recognizing stock-based compensation expense for awards that vest based on service conditions. For awards that vest subject to performance conditions, compensation expense is recognized ratably for each tranche of the award over the performance period if it is probable that performance conditions will be met. The Company recognizes compensation expense, less estimated fo rfeitures of 13.0 %. The forfeiture rate is based upon historical experience and the Company periodically reviews this rate to ensure proper projec tion of future forfeitures. The total fair value of options vested during fiscal years 2021, 2020, and 2019 was $ 6.3 million, $ 4.8 million, and $ 2.5 m illion, respectively. The aggregate intrinsic value of stock options exercised during fiscal years 2021, 2020, and 2019 was $ 28.9 million, $ 45.9 million, and $ 20.9 million, respectively. Based on equity awards outstanding as of December 25, 2021, there is $ 31.0 million of unrecognized compensation costs, net of estimated forfeitures, related to unvested share-based compensation arrangements that are expected to vest. Such costs are expected to be recognized over a weighted-average period of 2.0 years. Non-Vested Shares Activity The following table summarizes vesting activities of shares issued under the investment share program and restricted stock awards: Number of Shares Weighted Average Fair Value Non-vested at December 26, 2020 114,316 $ 263.47 Granted 17,821 877.10 Vested ( 42,038 ) 227.40 Forfeited ( 1,251 ) 458.28 Non-vested at December 25, 2021 88,848 $ 401.70 42,038 shares vested in 2021 with a weighted average fair value of $ 227.40 , 45,860 shares vested in 2020 with a weighted average fair value of $ 214.23 , and 33,205 shares vested in 2019 with a weigh ted average fair value of $ 188.63 . Stock Repurchase Program In 1998, the Board of Directors autho rized management to implement a stock repurchase program. As of December 25, 2021, the Company has repurchased a cumulative total of approximately 13.8 million. There were no stock repurchases during fiscal years 2021, 2020 or 2019. Dogfish Head Brewery Transaction On May 8, 2019, the Company entered into definitive agreements to acquire through the acquisition of all of the equity interests held by certain private entities in Off-Centered Way LLC, the parent holding company of the Dogfish Head operations (the "Dogfish Head Transaction"). The Dogfish Head Transaction closed on July 3, 2019, for total consideration of $ 336.0 million consisting of $ 173.0 million in cash and 429,291 shares of restricted Class A Common Stock that had an aggregate market value as of July 3, 2019 of $ 163.0 million, after taking into account a post-closing cash related adjustment. As required under the definitive agreements, 127,146 of the 429,291 shares of restricted Class A Stock have been placed in escrow and will be released no later than July 3, 2029. These shares had a market value on July 3, 2019 of $ 48.3 million. The timing of the release of these escrowed shares is primarily related to the continued employment with the Company of Samuel A. Calagione III, one of the two Dogfish Head founders.

Employee Retirement Plans and P

Employee Retirement Plans and Post-Retirement Medical Benefits	12 Months Ended
	Dec. 25, 2021
Retirement Benefits [Abstract]
Employee Retirement Plans and Post-Retirement Medical Benefits	Q. Employee Retirement Plans and Post-Retirement Medical Benefits The Company has one retirement plan covering substantially all non-union employees; two other retirement plans, one of which covers substantially all union employees, and the other of which covers employees of a specific union which was terminated in 2020; and post-retirement medical benefits covering substantially all union employees. Non-Union Plans The Boston Beer Company 401(k) Plan (the “Boston Beer 401(k) Plan”), which was established by the Company in 1993, is a Company-sponsored defined contribution plan that covers a majority of the Company’s non-union employees who are employed by Boston Beer Corporation, American Craft Brewery LLC, A & S Brewing Collaborative LLC, or Angry Orchard Cider Company, LLC. All non-union employees of these entities are eligible to participate in the Plan immediately upon employment . Participants may make voluntary contributions up to 60 % of their annual compensation, subject to IRS limitations. The Company matches each participant’s contribution. A maximum of 5 % of compensation is taken into account in determining the amount of the match. In January 2020, the Company amended the Boston Beer 401(k) Plan to update the Company match as follows: 100 % of the first 3 % of the eligible compensation participants contribute. Thereafter, the Company matches 50 % of the eligible contribution, up to a maximum of 5 %. The Company’s contributions to the Boston Beer 401(k) Plan amounted to $ 7.4 million, $ 6.4 million, and $ 4.0 million in fiscal years 2021, 2020, and 2019, respectively . As part of the Dogfish Head Transaction, the Company acquired The Dogfish Head 401(k) Plan (the “Dogfish Head 401(k) Plan”), which is a Company-sponsored defined contribution plan that is available to all Dogfish Head employees. Participants may make voluntary contributions up to 60 % of their annual compensation, subject to IRS limitations. The Company matches each participant’s contribution. A maximum of 5 % of compensation is taken into account in determining the amount of the match. The Company matches 100 % of the first 3 % of the eligible compensation participants contribute. Thereafter, the Company matches 50 % of the eligible contribution. The Company’s contributions to the Dogfish Head 401(k) Plan amounted to $ 0.3 million in fiscal year 2019. In January 2020, the Dogfish Head 401(k) Plan merged with the Boston Beer 401(k) Plan. Union Plans The Samuel Adams Cincinnati Brewery 401(k) Plan for Represented Employees (the “SACB 401(k) Plan”) is a Company-sponsored defined contribution plan. It was established in 1997 and is available to all union employees upon commencement of employment or, if later, attaining age 21. Participants may make voluntary contributions up to 60 % of their annual compensation to the SACB 401(k) Plan, subject to IRS limitations. Company contributions for fiscal years 2021 and 2020 were insignificant. The Samuel Adams Brewery Company, Ltd. Local Union No. 1199 Pension Plan (the “Local 1199 Pension Plan”) was a Company-sponsored defined benefit pension plan. It was established in 1991 and was open to all union employees who are covered by the Company’s collective bargaining agreement with Teamsters Local Union. No. 1199 (“Local Union 1199”), or persons on leave from the Company who are employed by Local Union 1199, and in either case who have completed 12 consecutive months of employment with at least 750 hours worked. The defined benefit is determined based on years of service since July 1991. On April 21, 2019, the Company reached an agreement with the Local Union 1199 to terminate the Local Union No. 1199 Pension Plan effective January 1, 2020 through either lump sum payments or the purchase of third-party annuities. On May 28, 2020, the Company received a positive determination letter for the termination on the plan from the IRS. During 2020, the Company completed the termination of the plan and recorded an expense of $ 2.0 million as a result of the termination. The Company made contributions of $ 2.9 million and $ 0.3 million in fiscal years 2020 and 2019, respectively. As of December 26, 2020, there was no unfunded projected pension benefit. The Company provides a supplement to eligible retirees from Local 1, Local 20, and Local Union 1199 to assist them with the cost of Medicare gap coverage after their retirement on account of age or permanent disability. To qualify for this benefit (collectively, the “Retiree Medical Plan”), an employee must have worked for at least 20 years for the Company or its predecessor at the Company’s Cincinnati Brewery, must have been enrolled in the Company’s group medical insurance plan for at least 5 years before retirement and, in the case of retirees from Local 20, for at least 7 of the last 10 years of their employment, and must be eligible for Medicare benefits under the Social Security Act. The accumulated post-retirement benefit obligation was determined using a discount rate of 2.86 % at December 25, 2021 and 2.50 % at December 26, 2020 and a 2.50 % health care cost increase based on the Cincinnati Consumer Price Index for the years 2021, 2020, and 2019. The effect of a 1% increase and the effect of a 1% decrease in the assumed health care cost trend rates on the aggregate of the service and interest cost components of net periodic post-retirement health care benefit costs and on the accumulated post-retirement benefit obligation for health care benefits would not be significant. In addition, the comprehensive medical plan offered to currently employed members of Local 20 remains available to them should they retire after reaching age 57 , and before reaching age 65 , with at least 20 years of service with the Company or its predecessor at the Company’s Cincinnati Brewery. These eligible retirees may choose to continue to be covered under the Company’s comprehensive group medical plan until they reach the age when they are eligible for Medicare health benefits under the Social Security Act or coverage under a comparable State health benefit plan. Eligible retirees pay 100 % of the cost of the coverage. The funded status of the Retiree Medical Plan is as follows: Retiree Medical Plan December 25, December 26, Benefit obligation at end of fiscal year $ 1,040 $ 1,077 Unfunded Status $ 1,040 $ 1,077

Net Income per Share

Net Income per Share	12 Months Ended
	Dec. 25, 2021
Earnings Per Share [Abstract]
Net Income per Share	R. Net Income per Share Net Income per Common Share - Basic The following table sets forth the computation of basic net income per share using the two-class method: December 25, December 26, December 28, 2021 2020 2019 (in thousands, except per share data) Net Income $ 14,553 $ 191,960 $ 110,041 Allocation of net income for basic: Class A Common Stock $ 11,995 $ 153,106 $ 82,474 Class B Common Stock 2,506 37,690 26,600 Unvested participating shares 52 1,164 967 $ 14,553 $ 191,960 $ 110,041 Weighted average number of shares for basic: Class A Common Stock 10,121 9,734 8,908 Class B Common Stock* 2,115 2,396 2,873 Unvested participating shares 44 74 105 12,280 12,204 11,886 Net income per share for basic: Class A Common Stock $ 1.19 $ 15.73 $ 9.26 Class B Common Stock $ 1.19 $ 15.73 $ 9.26 * Change in Class B Common Stock resulted from the conversion to Class A Common stock during fiscal 2021, 2020 and 2019 as disclosed in the Company's consolidated statements of stockholders' equity. Net Income per Common Share - Diluted The Company calculates diluted net income per share for common stock using the more dilutive of (1) the treasury stock method, or (2) the two-class method, which assumes the participating securities are not exercised or converted. The following tables set forth the computation of diluted net income per share, assuming the conversion of all Class B Common Stock into Class A Common Stock: Fifty-two weeks ended December 25, 2021 Earnings to Common EPS (in thousands, except per share data) As reported - basic $ 11,995 10,121 $ 1.19 Add: effect of dilutive potential common shares Share-based awards — 138 Class B Common Stock 2,506 2,115 Net effect of unvested participating shares 52 62 Net income per common share - diluted $ 14,553 $ 12,436 $ 1.17 Fifty-two weeks ended December 26, 2020 Earnings to Common EPS (in thousands, except per share data) As reported - basic $ 153,106 9,734 $ 15.73 Add: effect of dilutive potential common shares Share-based awards — 153 Class B Common Stock 37,690 2,396 Net effect of unvested participating shares 14 — Net income per common share - diluted $ 190,810 12,283 $ 15.53 Fifty-two weeks ended December 28, 2019 Earnings to Common EPS (in thousands, except per share data) As reported - basic $ 82,474 8,908 $ 9.26 Add: effect of dilutive potential common shares Share-based awards — 127 Class B Common Stock 26,600 2,873 Net effect of unvested participating shares 10 — Net income per common share - diluted $ 109,084 11,908 $ 9.16 Basic net income per common share for each share of Class A Common Stock and Class B Common Stoc k is $ 1.19 , $ 15.73 , and $ 9.26 for the fiscal years 2021, 2020, and 2019, respectively, as each share of Class A and Class B participat es equally in earnings. Shares of Class B are convertible at any time into shares of Class A on a one -for-one basis at the option of the stockholder. Weighted avera ge stock options to purchase approximately 17,000 , and 23,000 shares of Class A Common Stock were outstanding during fiscal 2021 and 2019, respectively, but not included in computing diluted income per share because their effects were anti-dilutive. No stock options were excluded during fiscal 2020. Additionally, 1,000 performance awards during fiscal 2021 and performance-based stock options to purchase 10,000 shares of Class A Common Stock during fiscal 2019 were outstanding but not included in computing dilutive income per share because the performance criteria o f these stock options were not met as fiscal year end No performance awards or performance-based stock options were excluded during fiscal 2020.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	12 Months Ended
	Dec. 25, 2021
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Loss	S. Accumulated Other Comprehensive Loss Accumulated other comprehensive loss represents amounts of unrecognized actuarial gains or losses related to the Company sponsored defined benefit pension plan and post-retirement medical plan, net of tax effect, and cumulative currency translation adjustments. Changes in accumulated other comprehensive loss represent actuarial losses or gains, net of tax effect, recognized as components of net periodic benefit costs and currency translation adjustments due to tax rate changes in the period. The following table details the changes in accumulated other comprehensive loss for 2021, 2020, and 2019 (in thousands): Accumulated Balance at December 29, 2018 $ ( 1,197 ) Deferred pension and other post-retirement benefit costs, 150 ( 442 ) Amortization of Deferred benefit costs, net of taxes of $ 26 ( 77 ) Currency translation adjustment 47 Balance at December 28, 2019 $ ( 1,669 ) Deferred pension and other post-retirement benefit costs, 502 1,611 Amortization of Deferred benefit costs, net of taxes of $ 35 ( 219 ) Currency translation adjustment 25 Balance at December 26, 2020 $ ( 252 ) Amortization of Deferred benefit costs, net of taxes of $ 20 90 Currency translation adjustment ( 32 ) Balance at December 25, 2021 $ ( 194 )

Valuation and Qualifying Accoun

Valuation and Qualifying Accounts	12 Months Ended
	Dec. 25, 2021
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
Valuation and Qualifying Accounts	T. Valuation and Qualifying Accounts The Company maintains reserves against accounts receivable for doubtful accounts and inventory for obsolete and slow-moving inventory. The Company also maintains reserves against accounts receivable for distributor promotional allowances. In addition, the Company maintains a reserve for estimated returns of stale beer, which is included in accrued expenses. Allowance for Doubtful Accounts Balance at Net Provision Amounts Balance at (In thousands) 2021 $ 535 $ 182 $ ( 364 ) $ 353 2020 $ 47 $ 488 $ — $ 535 2019 $ 2 $ 45 $ — $ 47 Discount Accrual Balance at Net Provision Amounts Balance at (In thousands) 2021 $ 9,357 $ 72,680 $ ( 70,816 ) $ 11,221 2020 $ 6,272 $ 59,279 $ ( 56,194 ) $ 9,357 2019 $ 4,636 $ 43,920 $ ( 42,284 ) $ 6,272 Inventory Obsolescence Reserve Balance at Net Provision Amounts Balance at (In thousands) 2021 $ 6,331 $ 62,616 $ ( 25,892 ) $ 43,055 2020 $ 6,375 $ 11,248 $ ( 11,292 ) $ 6,331 2019 $ 2,580 $ 8,092 $ ( 4,297 ) $ 6,375 Stale Beer Reserve Balance at Net Provision Amounts Balance at (In thousands) 2021 $ 3,092 $ 9,537 $ ( 6,584 ) $ 6,045 2020 $ 1,828 $ 8,411 $ ( 7,147 ) $ 3,092 2019 $ 2,146 $ 4,406 $ ( 4,724 ) $ 1,828

Licensing Agreements

Licensing Agreements	12 Months Ended
	Dec. 25, 2021
Licensing agreements [Abstract]
Licensing Agreements	U. Licensing Agreements Beam Suntory Licensing Agreement On July 14, 2021, the Company signed two agreements with Jim Beam Brands Co. (“Jim Beam”) to develop, market and sell alcohol beverages. These agreements are perpetual, with regular assessments of the partnership performance every 5 years , beginning in Year 5, giving rise to the option to continue agreement terms or terminate the partnership. Under the first of these agreements, the Company is responsible for developing and bringing to market through its distribution network one or more flavored malt beverage products under brand name(s) from the Jim Beam portfolio, beginning with the Sauza brand. Under the second agreement, Jim Beam is responsible for developing and bringing to market through its distribution network one or more full bottled distilled spirits products under brand(s) from the Company’s portfolio, beginning with the Truly brand. The parties expect to begin shipping beverages to customers under these agreements in the first quarter of 2022. Pepsi Licensing Agreement On August 9, 2021, the Company signed an agreement with PepsiCo, Inc. (“Pepsi”) to develop, market and sell alcohol beverages. The term of this agreement is perpetual, with provisions to terminate within the initial 2-years for a limited number of reasons. Under this agreement the Company is responsible for developing, manufacturing, and marketing a flavored malt beverage product under Pepsi’s MTN DEW® brand. As part of the agreement, Pepsi provides certain proprietary ingredients and licenses the Company to use its MTN DEW® and Hard MTN DEW® trademarks in connection with manufacturing, promoting, marketing, and distributing the developed product through the Pepsi distribution network. The Company retains the right to distribute the developed product through its own distribution network for the on-premise channel. The parties began shipping beverages to customers under this agreement in early 2022. Patagonia On December 9, 2021, the Company signed an agreement with Patagonia Provisions, Inc. (“Patagonia”) to develop, market and sell alcohol beverages. The term of this agreement is through December 31, 2024 with options to renew. Under this agreement, the Company is responsible for developing, manufacturing, and marketing a cobranded Dogfish Head and Patagonia beer. The parties expect to begin shipping beverages to customers under this agreement late in the first quarter of 2022.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 25, 2021
Related Party Transactions [Abstract]
Related Party Transactions	V. Related Party Transactions The Company has entered into a lease with the Dogfish Head founders and other owners of buildings used in certain of the Company’s restaurant operations. The lease is for ten years with renewal options. The total payments due under the initial ten year term is $ 3.6 million. Total related party expense recognized was approximately $ 348,000 , $ 348,000 and $ 183,000 for fiscal 2021, 2020 and 2019, respectively. Other related party expenses and transactions totaled less than $ 0.1 million for fiscal 2021, 2020 and 2019.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 25, 2021
Subsequent Events [Abstract]
Subsequent Events	W. Subsequent Events The Company evaluated subsequent events occurring after the balance sheet date, December 25, 2021, and concluded that there were no events of which management was aware that occurred after the balance sheet date that would require any adjustment to or disclosure in the accompanying consolidated financial statements.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 25, 2021
Accounting Policies [Abstract]
Fiscal Year	Fiscal Year The Company’s fiscal year is a fifty-two or fifty-three-week period ending on the last Saturday in December. The 2021, 2020 and 2019 fiscal years all consisted of fifty-two weeks.
Principles of Consolidation	Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company and its subsidiaries, all of which are wholly-owned. All intercompany transactions and balances have been eliminated in consolidation.
Use of Estimates	Use of Estimates The preparation of the consolidated financial statements in conformity with U.S. generally accepted accounting principles requires management 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 revenue and expenses during the reporting period. Actual results could differ from those estimates.
COVID-19	COVID-19 The Company began seeing the impact of the COVID-19 pandemic on its business in early March 2020. The direct financial impact of the pandemic primarily included significantly reduced keg demand from the on-premise channel and higher labor and safety-related costs at the Company’s breweries. In addition to these direct financial impacts, COVID-19 related safety measures resulted in a reduction of brewery productivity. In fiscal year 2020, the Company recorded COVID-19 related pre-tax reductions in net revenue and increases in other costs that total $ 16.0 million. In 2021 and going forward, the Company will not report COVID-19 related direct costs separately as they are viewed to be a normal part of operations.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents at December 25, 2021 and December 26, 2020 included cash on-hand and money market instruments that are highly liquid investments. Cash and cash equivalents are carried at cost, which approximates fair value.
Restricted Cash	Restricted Cash At December 25, 2021 restricted cash included money received from a distributor pursuant to an indemnification agreement to consolidate distribution rights in a region in accordance with state regulations. Restricted cash is carried at cost, which approximates fair value.
Accounts Receivable and Allowance for Doubtful Accounts	Accounts Receivable and Allowance for Doubtful Accounts The Company’s accounts receivable primarily consist of trade receivables. The Company records an allowance for doubtful accounts that is based on historical trends, customer knowledge, any known disputes, and the aging of the accounts receivable balances combined with management’s estimate of future potential recoverability. Receivables are written off against the allowance after all attempts to collect a receivable have failed. The Company believes its allowance for doubtful accounts as of December 25, 2021 and December 26, 2020 are adequate, but actual write-offs could exceed the recorded allowance.
Concentrations of Credit Risk	Concentrations of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash equivalents, restricted cash, and trade receivables. The Company places its cash equivalents and restricted cash with high credit quality financial institutions. As of December 25, 2021, the Company’s cash and cash equivalents and restricted cash were invested in investment-grade, highly liquid U.S. government agency corporate money market accounts. The Company sells primarily to a network of independent wholesalers in the United States and to a network of foreign wholesalers, importers or other age ncies (collectively referred to as “Distributors”). In 2021, 2020 and 2019, sales to foreign Distributors were approximately 4% of total sales. Receivables arising from these sales are not collateralized; however, credit risk is minimized as a result of the large and diverse nature of the Company’s customer base. There were no individual customer accounts receivable balances outstanding at December 25, 2021 or December 26, 2020 that were in excess of 10% of the gross accounts receivable balance on those dates. No individual customers represented more than 10% of the Company’s revenues in fiscal years 2021, 2020, or 2019.
Financial Instruments and Fair Value of Financial Instruments	Financial Instruments and Fair Value of Financial Instruments The Company’s primary financial instruments at December 25, 2021 and December 26, 2020 consisted of cash equivalents, restricted cash, accounts receivable, and accounts payable. The Company determines the fair value of its financial assets and liabilities in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 820, Fair Value Measurements and Disclosures (“ASC 820”). The Company believes that the carrying amount of its cash equivalents, restricted cash, accounts receivable, and accounts payable approximates fair value due to the short-term nature of these assets and liabilities. The Company is not exposed to significant interest, currency or credit risks arising from these financial assets and liabilities.
Inventories and Provision for Excess or Expired Inventory	Inventories and Provision for Excess or Expired Inventory Inventories consist of raw and packaging materials, work in process and finished goods. Raw materials, which principally consist of hops, malt, apple juice, other brewing materials and packaging, are stated at the lower of cost (first-in, first-out basis) or net realizable value. The Company’s goal is to maintain on-hand a supply of approximately two years for essential hop varieties, in order to limit the risk of an unexpected reduction in supply. Inventories are generally classified as current assets. The Company classifies hops inventory in excess of two years of forecasted usage in other long-term assets. The cost elements of work in process and finished goods inventory consist of raw materials, direct labor and manufacturing overhead. Packaging design costs are expensed as incurred. The Company enters into multi-year purchase commitments in order to secure adequate supply of ingredients and packaging, to brew and package its products. Inventory on hand totaled $ 161.8 million at December 25, 2021. The provisions for excess or expired inventory are based on management’s estimates of forecasted usage of inventories on hand. Forecasting usage involves significant judgments regarding future demand for the Company’s various existing products and products under development as well as the potency and shelf-life of various raw material ingredients and finished goods. A significant change in the timing or level of demand for certain products as compared to forecasted amounts may result in recording additional provisions for excess or expired inventory in the future. Provision for excess or expired inventory included in cost of goods sold was $ 62.6 million, $ 11.3 million, and $ 8.1 million in fiscal years 2021, 2020, and 2019 respectively.
Property, Plant and Equipment	Property, Plant and Equipment Property, plant, and equipment are stated at cost or fair value as of the date of acquisition. Expenditures for repairs and maintenance are expensed as incurred. Major renewals and betterments that extend the life of the property are capitalized. Depreciation is computed using the straight-line method based upon the estimated useful lives of the underlying assets as follows: Kegs 5 years Computer software and equipment 2 to 5 years Office equipment and furniture 3 to 7 years Machinery and plant equipment 3 to 20 years , or the term of the production agreement, whichever is shorter Leasehold improvements Lesser of the remaining term of the lease or estimated useful life of the asset Building and building improvements 12 to 20 years , or the remaining useful life of the building, whichever is shorter For purposes of determining whether there are any impairment losses, as further discussed below, management has historically examined the carrying value of the Company’s identifiable long-lived assets, including their useful lives, semi-annually, or more frequently when indicators of impairment are present. Evaluations of whether indicators of impairment exist involve judgments regarding the current and future business environment and the length of time the Company intends to use the asset. If an impairment loss is identified based on the fair value of the asset, as compared to the carrying value of the asset, such loss would be charged to expense in the period the impairment is identified. Furthermore, if the review of the carrying values of the long-lived assets indicates impairment of such assets, the Company may determine that shorter estimated useful lives are more appropriate. In that event, the Company will be required to record additional depreciation in future periods, which will reduce earnings. Estimating the amount of impairment, if any, requires significant judgments including identification of potential impairments, market comparison to similar assets, estimated cash flows to be generated by the asset, discount rates, the remaining useful life of the asset, and the usefulness of the asset in consideration of future business plans. Impairment of assets included in operating expenses was $ 18.5 million, $ 4.4 million and $ 0.9 million in fiscal years 2021, 2020 and 2019, respectively . Factors generally considered important which could trigger an impairment review on the carrying value of long-lived assets include the following: (1) significant underperformance relative to historical or projected future operating results; (2) significant changes in the manner of use of acquired assets or the strategy for the Company’s overall business; (3) underutilization of assets; and (4) discontinuance of products by the Company or its customers.
Segment Reporting	Segment Reporting The Company consists of one operating segment that produces and sells alcohol beverages under the Company’s Truly Hard Seltzer, Twisted Tea, Samuel Adams, Angry Orchard, Dogfish Head, Angel City, Coney Island, and Concrete Beach, brands. All brands are predominantly beverages that are manufactured using similar production processes, have comparable alcohol content, generally fall under the same regulatory environment, and are sold to the same types of customers in similar size quantities at similar price points, with similar profit margins, and through the same channels of distribution.
Goodwill and Intangible Assets	Goodwill and Intangible Assets The Company has recorded intangible assets with indefinite lives and goodwill for which impairment testing is required at least annually or more frequently if events or circumstances indicate that these assets might be impaired. The Company performs its annual impairment tests and re-evaluates the useful lives of other intangible assets with indefinite lives at the annual impairment test measurement date in the third quarter of each fiscal year or when circumstances arise that indicate a possible impairment or change in useful life might exist. The Company’s annual goodwill impairment evaluation analysis conducted at the end of fiscal August indicated that the fair value of the Company’s goodwill was substantially greater than the carrying value and there was no impairment to record during 2021. The guidance for goodwill impairment testing allows an entity to assess qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that the estimated fair value of a reporting unit, of which the Company has one, is less than its carrying amount or to proceed directly to performing a quantitative impairment test. Under the quantitative assessment, the estimated fair value of the Company’s reporting unit is compared to its carrying value, including goodwill. The estimate of fair value of the Company’s reporting unit is generally calculated based on an income approach using the discounted cash flow method supplemented by the market approach which considers the Company’s market capitalization and enterprise value. If the estimated fair value of the Company’s reporting unit is less than the carrying value of its reporting unit, a goodwill impairment will be recognized. In estimating the fair value of the Company’s reporting unit, management must make assumptions and projections regarding such items as future cash flows, future revenues, future earnings, cost of capital, and other factors. The assumptions used in the estimate of fair value are based on historical trends and the projections and assumptions that are used in the latest operating plans. These assumptions reflect management’s estimates of future economic and competitive conditions and are, therefore, subject to change as a result of changing market conditions. If these estimates or their related assumptions change in the future, the Company may be required to recognize an impairment loss for the Company’s goodwill which could have a material adverse impact on the Company’s financial statements. The Company’s annual intangible asset impairment evaluation analysis conducted at the end of fiscal August indicated that the fair value of the intangible assets was greater than the carrying value and there was no impairment to record during 2021. The Company’s intangible assets consist primarily of a trademark and customer relationships obtained through the Company’s Dogfish Head acquisition. Customer relationships are amortized over their estimated useful lives. The Dogfish Head trademark which was determined to have an indefinite useful life is not amortized. The guidance for indefinite lived intangible asset impairment testing allows an entity to assess qualitative factors to determine whether the existence of events or circumstances indicates that it is more likely than not that the indefinite lived intangible asset is impaired or to proceed directly to performing the quantitative impairment test. Under the quantitative assessment, the trademark is evaluated for impairment by comparing the carrying value of the trademark to its estimated fair value. The estimated fair value of the trademark is calculated based on an income approach using the relief from royalty method. If the estimated fair value is less than the carrying value of the trademark, then an impairment charge is recognized to reduce the carrying value of the trademark to its estimated fair value. Significant judgement is required to estimate the fair value the Dogfish Head trademark. Accordingly, the Company obtains the assistance of third-party valuation specialists as part of the impairment evaluation. In estimating the fair value of the trademark, management must make assumptions and projections regarding future cash flows based upon future revenues, the market-based royalty rate, the discount rate, the tax rate and other factors. These assumptions reflect management’s estimates of future economic and competitive conditions and consider many factors including macroeconomic conditions, industry growth rates, competitive activities, as well as the impact the COVID-19 pandemic has had on the Company. The assumptions and projections used in the estimate of fair value are consistent with historical trends and those used in current operating plans and the Company believes they are reasonable and comparable to those that would be used by other marketplace participants .
Refundable Deposits on Kegs and Pallets	Refundable Deposits on Kegs and Pallets The Company distributes its packaged hard seltzer, beer and hard cider primarily in cans and glass bottles and its draft beer in kegs and such cans, bottles, and kegs are shipped on pallets to Distributors. Most kegs and pallets are owned by the Company. Kegs are reflected in the Company’s balance sheets at cost and are depreciated over the estimated useful life of the keg, while pallets are expensed upon purchase. Upon shipment of beer to Distributors, the Company collects a refundable deposit on the kegs and certain pallets, which is included in current liabilities in the Company’s balance sheets. Upon return of the kegs and pallets to the Company, the deposit is refunded to the Distributor. The Company has experienced some loss of kegs and pallets and anticipates that some loss will occur in future periods due to the significant volume of kegs and pallets handled by each Distributor and retailer, the homogeneous nature of kegs and pallets owned by most brewers, and the relatively small deposit collected for each keg when compared with its market value. The Company believes that this is an industry-wide issue and that the Company’s loss experience is not atypical. The Company believes that the loss of kegs and pallets, after considering the forfeiture of related deposits, has not been material to the financial statements. The Company uses internal records, records maintained by Distributors, records maintained by other third-party vendors and historical information to estimate the physical count of kegs and pallets held by Distributors. These estimates affect the amount recor ded as property, plant and equipment and current liabilities as of the date of the financial statements. The actual liability for refundable deposits could differ from these estimates. For the year ended December 25, 2021, the Company decreased its liability for refundable deposits, gross property, plant and equipment and related accumulated depreciation by $ 0.5 million, $ 0.9 million and $ 0.9 million, respectively. For the year ended December 26, 2020, the Company decreased its liability for refundable deposits, gross property, plant and equipment and related accumulated depreciation by $ 0.4 million, $ 0.8 millio n and $ 0.8 million, respectively. As of December 25, 2021, and December 26, 2020, the Company’s balance sheet includes $ 13.4 million and $ 15.5 million, respectively, in refundable deposits on kegs and pallets and $ 0.2 million and $ 0.3 million, respectively, in kegs, net of accumulated depreciation.
Income Taxes	Income Taxes The Company provides for deferred taxes using an asset and liability approach that requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been recognized in the Company’s consolidated financial statements or tax returns. This results in differences between the book and tax basis of the Company’s assets, liabilities and carry-forwards, such as tax credits. In estimating future tax consequences, all expected future events, other than enactment of changes in the tax laws or rates, are generally considered. Valuation allowances are provided when recovery of deferred tax assets does not meet the more likely than not standards as defined in ASC Topic 740, Income Taxes . The calculation of the Company’s tax liabilities involves dealing with uncertainties in the application of tax regulations in several different state tax jurisdictions. The Company is periodically reviewed by tax authorities regarding the amount of taxes due. These reviews include inquiries regarding the timing and amount of deductions and the allocation of income among various tax jurisdictions. The Company records estimated reserves for exposures associated with positions that it takes on its income tax returns that do not meet the more likely than not standards as defined in ASC Topic 740, Income Taxes .
Revenue Recognition and Classification of Customer Programs and Incentives	Revenue Recognition and Classification of Customer Programs and Incentives During fiscal years 2021, 2020 and 2019 ap proximately 95 % of the Company’s revenue was from shipments of its products to domestic Distributors and 4 % from shipments to international Distributors, primarily located in Canada. Less than 1 % of the Company’s revenue is from retail beer, cider, food and merchandise sales at the Comp any’s retail locations. The Company recognizes revenue when obligations under the terms of a contract with its customer are satisfied; generally, this occurs with the transfer of control of its products. Revenue is measured as the amount of consideration expected to be received in exchange for transferring products. If the conditions for revenue recognition are not met, the Company defers the revenue until all conditions are met. As of December 25, 2021, and December 26, 2020, the Company had deferred revenue of $ 8.0 million and $ 13.5 million, respectively, related to product shipped prior to these dates. These amounts are included in accrued expenses and other current liabilities in the accompanying consolidated balance sheets. The Company is committed to maintaining the freshness of its products in the market. In certain circumstances and with the Company’s approval, the Company accepts and destroys stale beer that is returned by Distributors. The Company generally credits approximately fifty percent of the distributor’s cost of beer that has passed its freshness expiration date when it is returned to the Company or destroyed. The Company reduces revenue and establishes an accrual based upon both historical returns, which is applied to an estimated lag time for receipt of product, and knowledge of specific return transactions. Estimating this reserve involves significant judgments and estimates, including comparability of historical return trends to future trends, lag time from date of sale to date of return, and product mix of returns. Stale beer expense is reflected in the accompanying financial statements as a reduction of revenue. Historically, the cost of actual stale beer returns has been in line with established reserves; however, the cost could differ materially from the reserves which would impact revenue. As of December 25, 2021, and December 26, 2020, the stale beer reserve was $ 6.0 million and $ 3.1 million, respectively. These amounts are included in accrued expenses and other current liabilities in the accompanying consolidated balance sheets. Provision for stale beer recorded as reductions to revenue totale d $ 9.5 million, $ 8.4 million, and $ 4.4 million in fiscal years 2021, 2020, and 2019 respectively. Customer programs and incentives are a common practice in the alcohol beverage industry. Amounts paid in connection with customer programs and incentives are recorded as reductions to net revenue or as advertising, promotional and selling expenses, based on the nature of the expenditure. Customer incentives and other payments made to Distributors are primarily based upon the performance of certain marketing and advertising activities. Depending on applicable state laws and regulations, these activities promoting the Company’s products may include, but are not limited to, point-of-sale and merchandise placement, samples, product displays, promotional programs at retail locations and meals, travel and entertainment. Amounts paid to customers in connection with these programs that were recorded as reductions to net revenue or as advertising, promotional and selling expenses totaled $ 126.1 million , $ 85.0 million and $ 75.2 million in fiscal years 2021, 2020 and 2019, respectively. Estimates are based on historical and projected experience for each type of program or customer and have historically been in line with actual costs incurred. Customer promotional discount programs are entered into with Distributors for certain periods of time. Amounts paid to Distributors in connection with these programs in fiscal years 2021, 2020 and 2019 were $ 72.7 million , $ 59.3 million and $ 43.9 million, respectively. The reimbursements for discounts to Distributors are recorded as reductions to net revenue. The agreed-upon discount rates are applied to certain Distributors’ sales to retailers, based on volume metrics, in order to determine the total discounted amount. The computation of the discount allowance requires that management make certain estimates and assumptions that affect the timing and amounts of revenue and liabilities recorded. Actual promotional discounts owed and paid have historically been in line with allowances recorded by the Company; however, the amounts could differ from the estimated allowances. Customer incentives and other payments are made primarily to Distributors based upon the performance of certain marketing and advertising activities. Depending on applicable state laws and regulations, these activities promoting the Company’s products may include, but are not limited to point-of-sale and merchandise placement, samples, product displays, promotional programs at retail locations and meals , travel and entertainment. Amounts paid to customers in connection with these programs in fiscal years 2021, 2020 and 2019 were $ 53.4 million, $ 25.7 million and $ 31.3 million, respectively. In fiscal years 2021, 2020 and 2019, the Company recorded certain of these costs in the total amount of $ 42.0 million, $ 23.1 million and $ 21.6 . million, respectively as reductions to net revenue. Costs recognized in net revenues include , but are not limited to, promotional discounts, sales incentives and certain other promotional activities. Costs recognized in advertising, promotional and selling expenses include point of sale materials, samples and media advertising expenditures in local markets. These costs are recorded as incurred, generally when invoices are received; however certain estimates are required at the period end. Estimates are based on historical and projected experience for each type of program or customer and have historically been in line with actual costs incurred. In connection with its preparation of financial statements and other financial reporting, management is required to make certain estimates and assumptions regarding the amount, timing and classification of expenditures resulting from these activities. Actual expenditures incurred could differ from management’s estimates and assumptions.
Excise Taxes	Excise Taxes The Company is responsible for compliance with TTB regulations, including making timely and accurate excise tax payments. The Company is subject to periodic compliance audits by the TTB. Individual states also impose excise taxes on alcohol beverages in varying amounts. The Company calculates its excise tax expense based upon units shipped and on its understanding of the applicable excise tax laws.
Cost of Goods Sold	Cost of Goods Sold The following expenses are included in cost of goods sold: raw material costs, packaging material costs, costs and income related to deposit activity, purchasing and receiving costs, manufacturing labor and overhead, brewing and processing costs, inspection costs relating to quality control, inbound freight charges, depreciation expense related to manufacturing equipment and warehousing costs, which include rent, labor and overhead costs.
Shipping Costs	Shipping Costs Costs incurred for the shipping of products to customers are included in advertising, promotional and selling expenses in the accompanying consolidated statements of comprehensive income. The Company incurred shipping costs of $ 166.6 million, $ 97.6 million, and $ 69.1 million in fiscal years 2021, 2020 and 2019, respectively.
Advertising, Promotional, and Selling Expense	Advertising, Promotional, and Selling Expense The following expenses are included in advertising, promotional and selling expenses in the accompanying consolidated statements of comprehensive income: media advertising and production costs, sales and brand related expenses, sales and brand salary and benefit expenses, stock compensation, meals, travel and entertainment expenses, promotional activity expenses, shipping costs related to shipments of finished goods from manufacturing locations to distributor locations and point-of-sale items. Total advertising and sales promotional expenditures of $ 291.3 million , $ 211.2 million, and $ 177.2 million were included in advertising, promotional and selling expenses in the accompanying consolidated statements of comprehensive income for fiscal years 2021, 2020 and 2019, respectively. The Company conducts certain advertising and promotional activities in its Distributors’ markets and the Distributors make contributions to the Company for such efforts. Reimbursements from Distributors for advertising and promotional activities are recorded as reductions to advertising, promotional and selling expenses.
General and Administrative Expenses	General and Administrative Expenses The following expenses are included in general and administrative expenses in the accompanying consolidated statements of comprehensive income: general and administrative salary and benefit expenses, stock compensation, insurance costs, consulting and professional service fees, rent and utility expenses, meals, travel and entertainment expenses for general and administrative employees, and other general and administrative overhead costs.
Stock-Based Compensation	Stock-Based Compensation The Company accounts for share-based awards in accordance with ASC Topic 718, Compensation – Stock Compensation (“ASC 718”), which generally requires recognition of share-based compensation costs in financial statements based on fair value. Compensation cost is recognized over the period during which an employee is required to provide services in exchange for the award (the requisite service period). The amount of compensation cost recognized in the consolidated statements of comprehensive income is based on the awards ultimately expected to vest, and therefore, reduced for estimated forfeitures. Stock-based compensation was $ 18.6 million , $ 15.3 million and $ 12.3 million in fiscal years 2021, 2020 and 2019, respectively. As permitted by ASC 718, the Company elected to use a lattice model, such as the trinomial option-pricing model, to estimate the fair values of stock options. All option-pricing models require the input of subjective assumptions. These assumptions include the estimated volatility of the Company’s common stock price over the expected term, the expected dividend rate, the estimated post-vesting forfeiture rate, the risk-free interest rate and expected exercise behavior. See Note Q for further discussion of the application of the option-pricing models. In addition, an estimated pre-vesting forfeiture rate is applied in the recognition of the compensation charge. Periodically, the Company grants performance-based stock options. The Company only recognizes compensation expense with respect to these options if it is probable that the performance targets will be met. Consequently, at the end of each reporting period, the Company estimates whether it is probable that performance targets will be met. Changes in the subjective assumptions and estimates can materially affect the amount of stock-based compensation expense recognized in the consolidated statements of comprehensive income.
Net Income Per Share	Net Income Per Share Basic net income per share is calculated by dividing net income by the weighted-average common shares outstanding. Diluted net income per share is calculated by dividing net income by the weighted-average common shares and potentially dilutive securities outstanding during the period using the treasury stock method or the two-class method, whichever is more dilutive.
Accounting Pronouncements Recently Adopted	Accounting Pronouncements Recently Adopted In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. The standard includes multiple key provisions, including removal of certain exceptions to ASC 740, Income Taxes , and simplification in several other areas such as accounting for a franchise tax (or similar tax) that is partially based on income. ASU 2019-12 is effective for fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. The Company adopted the standard in the first quarter of fiscal 2021 and recorded an adjustment of $ 0.1 million to retained earnings.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 25, 2021
Accounting Policies [Abstract]
Estimated Useful Lives	Kegs 5 years Computer software and equipment 2 to 5 years Office equipment and furniture 3 to 7 years Machinery and plant equipment 3 to 20 years , or the term of the production agreement, whichever is shorter Leasehold improvements Lesser of the remaining term of the lease or estimated useful life of the asset Building and building improvements 12 to 20 years , or the remaining useful life of the building, whichever is shorter

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Dec. 25, 2021
Inventory Disclosure [Abstract]
Components of Inventories	Inventories consisted of the following: December 25, December 26, (in thousands) Current inventory: Raw materials $ 78,545 $ 69,272 Work in process 17,764 16,846 Finished goods 52,809 44,792 Total current inventory 149,118 130,910 Long term inventory 12,655 9,639 Total inventory $ 161,773 $ 140,549

Prepaid Expenses and Other Cu_2

Prepaid Expenses and Other Current Assets (Tables)	12 Months Ended
	Dec. 25, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Summary of Prepaid Expenses and Other Current Assets	Prepaid expenses and other current assets consisted of the following: December 25, December 26, (in thousands) Prepaid advertising, promotional and selling $ 11,193 $ 4,876 Prepaid software and consulting fees 4,698 1,715 Prepaid insurance 3,569 2,035 Prepaid brewing services fee — 14,816 Other 2,002 6,788 $ 21,462 $ 30,230

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	12 Months Ended
	Dec. 25, 2021
Property, Plant and Equipment [Abstract]
Summary of Property, Plant and Equipment	Property, plant and equipment consisted of the following: December 25, December 26, (in thousands) Machinery and plant equipment $ 729,251 $ 641,790 Kegs 59,794 61,582 Land 25,668 25,753 Building and building improvements 207,565 174,328 Office equipment and furniture 30,085 31,115 Leasehold improvements 70,422 43,157 Assets under construction 35,619 84,564 Property, plant and equipment, gross 1,158,404 1,062,289 Less accumulated depreciation ( 493,589 ) ( 439,206 ) Property, plant and equipment, net $ 664,815 $ 623,083

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 25, 2021
Leases [Abstract]
ROU assets and lease liabilities	otal right-of-use ("ROU") assets and lease liabilities were as follows: Classification Leases December 25, December 26, (in thousands) Right-of-use assets Operating lease assets Operating right-of-use assets $ 52,774 $ 58,483 Finance lease assets Property, plant and equipment, net 3,014 4,035 Lease Liabilities Current Operating lease liabilities Current operating lease liabilities 7,634 8,232 Finance lease liabilities Accrued expenses and other current liabilities 1,598 1,453 Non-current Operating lease liabilities Non-current operating lease liabilities 53,849 59,171 Finance lease liabilities Other liabilities 1,459 2,631
Schedule of gross value and accumulated depreciation of right of use assets	The gross value and accumulated depreciation of ROU assets related to finance leases were as follows: Finance Leases December 25, December 26, (in thousands) Gross value $ 5,998 $ 5,526 Accumulated amortization ( 2,984 ) ( 1,491 ) Carrying value $ 3,014 $ 4,035
Components of lease cost	Components of lease cost for the fiscal year-ended are as follows: Fifty-two weeks ended December 25, December 26, December 28, (in thousands) Operating lease cost $ 10,283 $ 9,764 $ 5,625 Variable lease costs not included in liability 1,132 1,643 1,064 Finance lease cost: Amortization of right-of-use asset 1,493 $ 1,185 $ 306 Interest on lease liabilities 121 143 56 Total finance lease cost $ 1,614 $ 1,328 $ 362
Maturities of lease liabilities	Maturities of lease liabilities as of December 25, 2021 are as follows: Operating Finance Weighted- Average Leases Leases Operating Finance (in thousands) 2022 $ 9,633 $ 1,669 2023 10,411 959 2024 10,407 362 2025 7,102 104 2026 6,671 56 Thereafter 26,907 8 Total lease payments 71,131 3,158 Less imputed interest (based on 3.4 % weighted-average ( 9,648 ) ( 101 ) Present value of lease liability $ 61,483 $ 3,057 8.0 2.3

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	12 Months Ended
	Dec. 25, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of intangible assets	The Company’s intangible assets as of December 25, 2021 and December 26, 2020 were as follows: As of December 25, 2021 As of December 26, 2020 Estimated Gross Accumulated Net Book Gross Accumulated Net Book Life (Years) Value Amortization Value Value Amortization Value (in thousands) Customer Relationships 15 $ 3,800 $ ( 633 ) $ 3,167 $ 3,800 $ ( 380 ) $ 3,420 Trade Names Indefinite 100,510 — 100,510 100,510 — 100,510 Total intangible assets $ 104,310 $ ( 633 ) $ 103,677 $ 104,310 $ ( 380 ) $ 103,930
Schedule of amortization expense	The Company expects to record amortization expense as follows over the five subsequent years: Fiscal Year Amount (in thousands) 2022 $ 253 2023 253 2024 253 2025 253 2026 253 Thereafter 1,900

Third-Party Production Prepay_2

Third-Party Production Prepayments (Tables)	12 Months Ended
	Dec. 25, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Third-Party Production Prepayments	Total third-party production prepayments were as follows: December 25, December 26, (in thousands) Prepaid expenses and other current assets $ - $ 14,816 Third-party production prepayments 88,294 56,843 Total third-party production prepayments $ 88,294 $ 71,659
Schedule of Expected Shortfall Fees to be Incurred	expects to record those expenses as follows over the remaining current year and the five subsequent years: Expected Shortfall Fees to be Incurred (in millions) 2022 $ 6 2023 15 2024 11 2025 6 2026 - Thereafter - Total shortfall fees expected to be incurred $ 38

Accrued Expenses and Other Cu_2

Accrued Expenses and Other Current Liabilities (Tables)	12 Months Ended
	Dec. 25, 2021
Payables and Accruals [Abstract]
Summary of Accrued Expenses and Other Current Liabilities	Accrued expenses and other current liabilities consisted of the following: December 25, December 26, (in thousands) Liability for wholesaler transaction (see Note D) $ 39,468 $ - Advertising, promotional and selling expenses 25,867 15,752 Accrued destruction costs and provisions for non-cancellable purchase orders 18,587 — Employee wages, benefits and reimbursements 21,476 50,938 Accrued deposits 13,521 15,616 Deferred revenue 8,049 13,522 Accrued taxes 7,340 10,133 Accrued returns 6,045 3,092 Other accrued liabilities 21,199 20,491 $ 161,552 $ 129,544

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 25, 2021
Income Tax Disclosure [Abstract]
Significant Components of Income Tax (Benefit) Provision	Significant components of the income tax (benefit) provision are as follows: 2021 2020 2019 (in thousands) Current: Federal $ ( 4,473 ) $ 25,115 $ 18,510 State 2,078 9,455 8,084 Total current ( 2,395 ) 34,570 26,594 Deferred: Federal ( 2,762 ) 16,363 8,081 State ( 2,487 ) 1,337 ( 346 ) Total deferred ( 5,249 ) 17,700 7,735 Total income tax (benefit) provision $ ( 7,644 ) $ 52,270 $ 34,329
Reconciliations to Statutory Rates	The reconciliations to statutory rates are as follows: 2021 2020 2019 Statutory rate 21.0 % 21.0 % 21.0 % State income taxes, net of federal benefit 11.0 4.4 4.6 Deduction relating to excess stock based compensation ( 153.8 ) ( 4.3 ) ( 3.2 ) Non-deductible meals & entertainment 5.6 0.2 0.7 Change in unrecognized tax benefits (including interest and penalty) ( 8.7 ) — — Federal and state provision to return ( 7.1 ) ( 0.1 ) ( 0.3 ) Change in valuation allowance 21.9 0.1 0.4 Other ( 0.6 ) 0.1 0.6 ( 110.7 )% 21.4 % 23.8 %
Significant Components of Company's Deferred Tax Assets and Liabilities	Significant components of the Company’s deferred tax assets and liabilities are as follows at: December 25, 2021 December 26, (in thousands) Deferred tax assets: Lease Liabilities $ 16,236 $ 17,951 Inventory 14,343 4,114 Stock-based compensation expense 6,713 5,568 Loss carryforwards 3,859 — Accrued expenses 3,449 1,581 Accrued commitments for inventory at vendor locations 2,607 — Tax credit carryforwards 1,874 774 Accrued destruction costs 1,538 — Accrued noncancellable purchase orders for cancelled projects 1,134 — Other 1,569 1,439 Total deferred tax assets 53,322 31,427 Valuation allowance ( 3,341 ) ( 2,022 ) Total deferred tax assets net of valuation allowance 49,981 29,405 Deferred tax liabilities: Property, plant and equipment ( 102,696 ) ( 88,947 ) Right-of-use assets ( 14,035 ) ( 15,695 ) Amortization ( 15,024 ) ( 12,900 ) Prepaid expenses ( 5,721 ) ( 4,528 ) Total deferred tax liabilities ( 137,476 ) ( 122,070 ) Net deferred tax liabilities $ ( 87,495 ) $ ( 92,665 )
Reconciliation of Unrecognized Tax Benefits	A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows: 2021 2020 (in thousands) Balance at beginning of year $ 812 $ 811 Increases related to current year tax positions 59 — Increases related to prior year tax positions 36 13 Decreases related to lapse of statute of limitations ( 675 ) ( 12 ) Balance at end of year $ 232 $ 812

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 25, 2021
Commitments and Contingencies Disclosure [Abstract]
Non-cancelable Contractual Obligations	As of December 25, 2021, projected cash outflows under non-cancellable contractual obligations for the remaining years under the contracts are as follows: Payments Due by Period Total 2022 2023 2024 2025 2026 Thereafter (in thousands) Ingredients (excluding hops and malt) $ 158,044 $ 123,662 $ 34,382 $ — $ — $ — $ — Brand support 86,503 65,284 9,778 6,722 4,639 80 — Equipment and machinery 44,542 44,542 — — — — — Hops and malt 45,353 34,047 6,241 3,461 1,604 — — Other 14,766 9,790 2,594 1,696 686 — — Total contractual obligations $ 349,208 $ 277,325 $ 52,995 $ 11,879 $ 6,929 $ 80 $ —

Common Stock and Share-Based _2

Common Stock and Share-Based Compensation (Tables)	12 Months Ended
	Dec. 25, 2021
Share-based Payment Arrangement [Abstract]
Summary of Stock Options under Equity Plan and Non-Employee Director Plan	Information related to stock options under the Equity Plan and the Non-Employee Director Plan is summarized as follows: Shares Weighted- Weighted- Aggregate Outstanding at December 26, 2020 241,847 $ 228.58 Granted 20,420 1,031.01 Exercised ( 40,913 ) 186.52 Outstanding at December 25, 2021 221,354 $ 310.38 5.53 $ 54,048 Exercisable at December 25, 2021 98,390 $ 228.66 4.78 $ 28,199 Vested and expected to vest at December 25, 2021 205,369 $ 305.29 5.48 $ 50,688
Stock-Based Compensation Expense Included in Operating Expenses	The following table provides information regarding stock-based compensation expense included in operating expenses in the accompanying consolidated statements of comprehensive income: 2021 2020 2019 (in thousands) Amounts included in advertising, promotional and $ 5,612 $ 4,467 $ 3,996 Amounts included in general and administrative 13,003 10,815 8,341 Total stock-based compensation expense $ 18,615 $ 15,282 $ 12,337 Amounts related to performance-based stock awards $ 3,384 $ 2,771 $ 1,944
Weighted Average Assumptions used to Estimate Fair Value of Stock Options	W eighted average assumptions used to estimate fair values of stock options on the date of grants are as follows: 2021 2020 2019 Expected volatility 36.1 % 32.6 % 32.1 % Risk-free interest rate 1.45 % 1.09 % 2.63 % Expected dividends 0 % 0 % 0 % Exercise factor 2.6 times 2.1 times 2.33 times Discount for post-vesting restrictions 0.0 % 0.0 % 0.0 %
Summary of Vesting Activities of Shares Issued Under Investment Share Program and Restricted Stock Awards	The following table summarizes vesting activities of shares issued under the investment share program and restricted stock awards: Number of Shares Weighted Average Fair Value Non-vested at December 26, 2020 114,316 $ 263.47 Granted 17,821 877.10 Vested ( 42,038 ) 227.40 Forfeited ( 1,251 ) 458.28 Non-vested at December 25, 2021 88,848 $ 401.70

Employee Retirement Plans and_2

Employee Retirement Plans and Post-Retirement Medical Benefits (Tables)	12 Months Ended
	Dec. 25, 2021
Retirement Benefits [Abstract]
Funded Status of Retiree Medical Plan	The funded status of the Retiree Medical Plan is as follows: Retiree Medical Plan December 25, December 26, Benefit obligation at end of fiscal year $ 1,040 $ 1,077 Unfunded Status $ 1,040 $ 1,077

Net Income per Share (Tables)

Net Income per Share (Tables)	12 Months Ended
	Dec. 25, 2021
Earnings Per Share [Abstract]
Computation of Earnings Per Share, Basic	The following table sets forth the computation of basic net income per share using the two-class method: December 25, December 26, December 28, 2021 2020 2019 (in thousands, except per share data) Net Income $ 14,553 $ 191,960 $ 110,041 Allocation of net income for basic: Class A Common Stock $ 11,995 $ 153,106 $ 82,474 Class B Common Stock 2,506 37,690 26,600 Unvested participating shares 52 1,164 967 $ 14,553 $ 191,960 $ 110,041 Weighted average number of shares for basic: Class A Common Stock 10,121 9,734 8,908 Class B Common Stock* 2,115 2,396 2,873 Unvested participating shares 44 74 105 12,280 12,204 11,886 Net income per share for basic: Class A Common Stock $ 1.19 $ 15.73 $ 9.26 Class B Common Stock $ 1.19 $ 15.73 $ 9.26 * Change in Class B Common Stock resulted from the conversion to Class A Common stock during fiscal 2021, 2020 and 2019 as disclosed in the Company's consolidated statements of stockholders' equity.
Computation of Earnings Per Share, Diluted	The following tables set forth the computation of diluted net income per share, assuming the conversion of all Class B Common Stock into Class A Common Stock: Fifty-two weeks ended December 25, 2021 Earnings to Common EPS (in thousands, except per share data) As reported - basic $ 11,995 10,121 $ 1.19 Add: effect of dilutive potential common shares Share-based awards — 138 Class B Common Stock 2,506 2,115 Net effect of unvested participating shares 52 62 Net income per common share - diluted $ 14,553 $ 12,436 $ 1.17 Fifty-two weeks ended December 26, 2020 Earnings to Common EPS (in thousands, except per share data) As reported - basic $ 153,106 9,734 $ 15.73 Add: effect of dilutive potential common shares Share-based awards — 153 Class B Common Stock 37,690 2,396 Net effect of unvested participating shares 14 — Net income per common share - diluted $ 190,810 12,283 $ 15.53 Fifty-two weeks ended December 28, 2019 Earnings to Common EPS (in thousands, except per share data) As reported - basic $ 82,474 8,908 $ 9.26 Add: effect of dilutive potential common shares Share-based awards — 127 Class B Common Stock 26,600 2,873 Net effect of unvested participating shares 10 — Net income per common share - diluted $ 109,084 11,908 $ 9.16

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	12 Months Ended
	Dec. 25, 2021
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Changes in Accumulated Other Comprehensive Loss	The following table details the changes in accumulated other comprehensive loss for 2021, 2020, and 2019 (in thousands): Accumulated Balance at December 29, 2018 $ ( 1,197 ) Deferred pension and other post-retirement benefit costs, 150 ( 442 ) Amortization of Deferred benefit costs, net of taxes of $ 26 ( 77 ) Currency translation adjustment 47 Balance at December 28, 2019 $ ( 1,669 ) Deferred pension and other post-retirement benefit costs, 502 1,611 Amortization of Deferred benefit costs, net of taxes of $ 35 ( 219 ) Currency translation adjustment 25 Balance at December 26, 2020 $ ( 252 ) Amortization of Deferred benefit costs, net of taxes of $ 20 90 Currency translation adjustment ( 32 ) Balance at December 25, 2021 $ ( 194 )

Valuation and Qualifying Acco_2

Valuation and Qualifying Accounts (Tables)	12 Months Ended
	Dec. 25, 2021
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
Summary of Valuation and Qualifying Accounts	In addition, the Company maintains a reserve for estimated returns of stale beer, which is included in accrued expenses. Allowance for Doubtful Accounts Balance at Net Provision Amounts Balance at (In thousands) 2021 $ 535 $ 182 $ ( 364 ) $ 353 2020 $ 47 $ 488 $ — $ 535 2019 $ 2 $ 45 $ — $ 47 Discount Accrual Balance at Net Provision Amounts Balance at (In thousands) 2021 $ 9,357 $ 72,680 $ ( 70,816 ) $ 11,221 2020 $ 6,272 $ 59,279 $ ( 56,194 ) $ 9,357 2019 $ 4,636 $ 43,920 $ ( 42,284 ) $ 6,272 Inventory Obsolescence Reserve Balance at Net Provision Amounts Balance at (In thousands) 2021 $ 6,331 $ 62,616 $ ( 25,892 ) $ 43,055 2020 $ 6,375 $ 11,248 $ ( 11,292 ) $ 6,331 2019 $ 2,580 $ 8,092 $ ( 4,297 ) $ 6,375 Stale Beer Reserve Balance at Net Provision Amounts Balance at (In thousands) 2021 $ 3,092 $ 9,537 $ ( 6,584 ) $ 6,045 2020 $ 1,828 $ 8,411 $ ( 7,147 ) $ 3,092 2019 $ 2,146 $ 4,406 $ ( 4,724 ) $ 1,828

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Additional Information (Detail)	12 Months Ended
	Dec. 25, 2021USD ($)SegmentCustomer	Dec. 26, 2020USD ($)Customer	Dec. 28, 2019USD ($)Customer
Organization And Summary Of Significant Accounting Policies [Line Items]
Net effect of COVID-19 on revenue, cost of goods sold and operating expense	$ 7,997,000	$ 244,207,000	$ 144,912,000
Sales to foreign distributors as a percentage of total sales	4.00%	4.00%	4.00%
Number of individual customers represented more than ten percent of revenues | Customer	0	0	0
Number of individual customer accounted for more than ten percent of account receivable balance | Customer	0	0	0
Inventory on hand	$ 161,773,000	$ 140,549,000
Provision for excess or expired inventory	62,600,000	11,300,000	$ 8,100,000
Property, plant and equipment, net	664,815,000	623,083,000
Impairment of assets	$ 18,499,000	4,466,000	$ 911,000
Number of Operating Segments | Segment	1
Decrease in refundable deposits for lost kegs and pallets	$ (500,000)	(400,000)
Decrease in gross property, plant and equipment	(900,000)	(800,000)
Decrease in property, plant and equipment related accumulated depreciation	(900,000)	(800,000)
Refundable deposits on kegs and pallets	$ 13,400,000	$ 15,500,000
Sales to domestic distributors as a percentage of total sales	95.00%	95.00%	95.00%
Sales to retail locations as a percentage of total sales	1.00%	1.00%	1.00%
Deferred Revenue, Current	$ 8,049,000	$ 13,522,000
Stale Beer Reserve	6,000,000	3,100,000
Provision for stale beer	9,500,000	8,400,000	$ 4,400,000
Advertising, promotional and selling expenses	606,994,000	447,568,000	355,613,000
Advertising and sales promotional expenditures	291,300,000	211,200,000	177,200,000
Shipping costs	166,600,000	97,600,000	69,100,000
Stock-based compensation	18,615,000	15,282,000	12,337,000
Goodwill impairment if fair value exceeds carrying amount	0
Intangible assets impairment if fair value exceeds carrying amount	0
Retained earnings	$ 371,858,000	357,360,000
ASU 2019-12
Organization And Summary Of Significant Accounting Policies [Line Items]
Change in accounting principle, accounting standards update, adopted [true false]	true
Change in accounting principle, accounting standards update, adoption date	Mar. 27, 2021
ASU 2019-12 | Cumulative Effect, Period of Adoption, Adjustment
Organization And Summary Of Significant Accounting Policies [Line Items]
Retained earnings	$ 100,000
Distributors
Organization And Summary Of Significant Accounting Policies [Line Items]
Amounts paid to distributors	72,700,000	59,300,000	43,900,000
Advertising and sales promotional expenditures	53,400,000	25,700,000	31,300,000
Reduction in revenue related to advertising, promotional and selling expenses	42,000,000	23,100,000	21,600,000
Customers programs and incentives
Organization And Summary Of Significant Accounting Policies [Line Items]
Advertising, promotional and selling expenses	126,100,000	85,000,000	75,200,000
Kegs
Organization And Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment, net	200,000	300,000
Property, Plant and Equipment
Organization And Summary Of Significant Accounting Policies [Line Items]
Impairment of assets	$ 18,500,000	4,400,000	$ 900,000
COVID-19 Pandemic
Organization And Summary Of Significant Accounting Policies [Line Items]
Net effect of COVID-19 on revenue, cost of goods sold and operating expense		$ 16,000,000

Estimated Useful Lives (Detail)

Estimated Useful Lives (Detail)	12 Months Ended
	Dec. 25, 2021
Kegs
Organization And Summary Of Significant Accounting Policies [Line Items]
Estimated useful life	5 years
Computer Software and Equipment | Minimum
Organization And Summary Of Significant Accounting Policies [Line Items]
Estimated useful life	2 years
Computer Software and Equipment | Maximum
Organization And Summary Of Significant Accounting Policies [Line Items]
Estimated useful life	5 years
Office Equipment and Furniture | Minimum
Organization And Summary Of Significant Accounting Policies [Line Items]
Estimated useful life	3 years
Office Equipment and Furniture | Maximum
Organization And Summary Of Significant Accounting Policies [Line Items]
Estimated useful life	7 years
Machinery and Plant Equipment
Organization And Summary Of Significant Accounting Policies [Line Items]
Estimated useful life	3 to 20 years, or the term of the production agreement, whichever is shorter
Machinery and Plant Equipment | Minimum
Organization And Summary Of Significant Accounting Policies [Line Items]
Estimated useful life	3 years
Machinery and Plant Equipment | Maximum
Organization And Summary Of Significant Accounting Policies [Line Items]
Estimated useful life	20 years
Leasehold Improvements
Organization And Summary Of Significant Accounting Policies [Line Items]
Estimated useful life	Lesser of the remaining term of the lease or estimated useful life of the asset
Building and Building Improvements
Organization And Summary Of Significant Accounting Policies [Line Items]
Estimated useful life	12 to 20 years, or the remaining useful life of the building, whichever is shorter
Building and Building Improvements | Minimum
Organization And Summary Of Significant Accounting Policies [Line Items]
Estimated useful life	12 years
Building and Building Improvements | Maximum
Organization And Summary Of Significant Accounting Policies [Line Items]
Estimated useful life	20 years

Slowdown of the Hard Seltzer _2

Slowdown of the Hard Seltzer Market Impact - Additional Information (Detail) - Hard Seltzer $ in Millions	12 Months Ended
	Dec. 25, 2021USD ($)
Unusual Risk or Uncertainty [Line Items]
Excess and obsolete inventory reserves and other inventory related costs	$ 59.5
Estimated destruction costs	6.1
Contract termination costs	14.8
Contract term costs write off	9.5
Impairment expenses related to cancelled projects	12.7
Provision for amounts owed to third-parties under non-cancellable purchase orders	6.3
Combined expenses recognized	$ 102.9

Dogfish Head Brewery Transactio

Dogfish Head Brewery Transaction - Additional Information (Detail) - USD ($) $ in Thousands	Jul. 03, 2019	Dec. 25, 2021	Dec. 26, 2020	Dec. 28, 2019
Excess of the purchase price paid over the estimated fair values of the assets and liabilities assumed		$ 112,529	$ 112,529
Statutory income tax rate		21.00%	21.00%	21.00%
Dogfish Head Brewery
Business combination consideration	$ 336,000
Business acquisition cash transferred	$ 173,000
Restricted Common Class A | Dogfish Head Brewery
Business acquisition Shares issued	429,291
Business acquisition value of shares issued	$ 163,000
Shares held under escrow deposit	127,146
Shares held under escrow deposit market Value	$ 48,300

Dogfish Head Brewery Transact_2

Dogfish Head Brewery Transaction - Fair value of assets acquired and liabilities assumed (Detail) - USD ($) $ in Thousands	Jul. 03, 2019	Dec. 25, 2021	Dec. 26, 2020
Goodwill		$ 112,529	$ 112,529
Dogfish Head Brewery
Cash consideration	$ 173,000

Restricted Cash - Additional In

Restricted Cash - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 28, 2021	Dec. 25, 2021
Restricted Cash and Cash Equivalents Items [Line Items]
Received fair market value of payments from continuing distributors		$ 39,468
Subsequent Event
Restricted Cash and Cash Equivalents Items [Line Items]
Fair market value of amount paid to terminating distributor	$ 39,500

Inventories - Components of Inv

Inventories - Components of Inventories (Detail) - USD ($) $ in Thousands	Dec. 25, 2021	Dec. 26, 2020
Current inventory:
Raw materials	$ 78,545	$ 69,272
Work in process	17,764	16,846
Finished goods	52,809	44,792
Total current inventory	149,118	130,910
Long term inventory	12,655	9,639
Total inventory	$ 161,773	$ 140,549

Inventories - Additional Inform

Inventories - Additional Information (Details) - USD ($) $ in Millions	Dec. 25, 2021	Dec. 26, 2020
Inventories [Abstract]
Inventory obsolescence reserves	$ 43.1	$ 6.3

Summary of Prepaid Expenses and

Summary of Prepaid Expenses and Other Current Assets (Detail) - USD ($) $ in Thousands	Dec. 25, 2021	Dec. 26, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid advertising, promotional and selling	$ 11,193	$ 4,876
Prepaid software and consulting fees	4,698	1,715
Prepaid insurance	3,569	2,035
Prepaid brewing services fee	0	14,816
Other	2,002	6,788
Prepaid Expenses and Other Current Assets	$ 21,462	$ 30,230

Prepaid Expenses and Other Cu_3

Prepaid Expenses and Other Current Assets - Additional Information (Detail) $ in Millions	Mar. 27, 2021USD ($)
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Reclassification of third-party prepayments from current assets to non-current assets	$ 14.8

Summary of Property, Plant and

Summary of Property, Plant and Equipment (Detail) - USD ($) $ in Thousands	Dec. 25, 2021	Dec. 26, 2020
Property, Plant and Equipment [Abstract]
Machinery and plant equipment	$ 729,251	$ 641,790
Kegs	59,794	61,582
Land	25,668	25,753
Building and building improvements	207,565	174,328
Office equipment and furniture	30,085	31,115
Leasehold improvements	70,422	43,157
Assets under construction	35,619	84,564
Property, plant and equipment, gross	1,158,404	1,062,289
Less accumulated depreciation	(493,589)	(439,206)
Property, plant and equipment, net	$ 664,815	$ 623,083

Property, Plant and Equipment -

Property, Plant and Equipment - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 25, 2021	Dec. 26, 2020	Dec. 28, 2019
Property Plant And Equipment [Line Items]
Depreciation expense	$ 71,800	$ 65,400	$ 56,200
Impairment of assets	18,499	4,466	911
Property, Plant and Equipment
Property Plant And Equipment [Line Items]
Impairment of assets	$ 18,500	$ 4,400	$ 900

Leases - ROU assets and lease l

Leases - ROU assets and lease liabilities (Detail) - USD ($) $ in Thousands	Dec. 25, 2021	Dec. 26, 2020
Right-of-use assets
Operating lease assets	$ 52,774	$ 58,483
Finance lease assets	$ 3,014	$ 4,035
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Property, Plant and Equipment, Net	Property, Plant and Equipment, Net
Current
Operating lease liabilities	$ 7,634	$ 8,232
Finance lease liabilities	$ 1,598	$ 1,453
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued Liabilities and Other Liabilities	Accrued Liabilities and Other Liabilities
Non-current
Operating lease liabilities	$ 53,849	$ 59,171
Finance lease liabilities	$ 1,459	$ 2,631
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other Liabilities, Noncurrent	Other Liabilities, Noncurrent

Leases - Gross Value of Accumul

Leases - Gross Value of Accumulated Depreciation Of Right Of Use Assets (Details). - USD ($) $ in Thousands	Dec. 25, 2021	Dec. 26, 2020
Leases [Abstract]
Finance Lease, Gross value	$ 5,998	$ 5,526
Finance Lease, Accumulated amortization	(2,984)	(1,491)
Finance Lease, Carrying value	$ 3,014	$ 4,035

Leases - Components of lease co

Leases - Components of lease cost (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 25, 2021	Dec. 26, 2020	Dec. 28, 2019
Lease, Cost [Abstract]
Operating lease cost	$ 10,283	$ 9,764	$ 5,625
Variable lease costs not included in liability	1,132	1,643	1,064
Finance lease cost:
Amortization of right-of-use asset	1,493	1,185	306
Interest on lease liabilities	121	143	56
Total finance lease cost	$ 1,614	$ 1,328	$ 362

Leases - Maturities of lease li

Leases - Maturities of lease liabilities (Detail) $ in Thousands	Dec. 25, 2021USD ($)
Operating Leases
2022	$ 9,633
2023	10,411
2024	10,407
2025	7,102
2026	6,671
Thereafter	26,907
Total lease payments	71,131
Less imputed interest	(9,648)
Present value of lease liability	$ 61,483
Operating Lease, Weighted Average Discount Rate, Percent	3.40%
Operating Lease Weighted Average Remaining Lease Term [Abstract]
Lease Weighted Average Remaining Lease Term	8 years
Finance Lease Liabilities, Payments, Due
2022	$ 1,669
2023	959
2024	362
2025	104
2026	56
Thereafter	8
Total lease payments	3,158
Less imputed interest	(101)
Present value of lease liability	$ 3,057
Finance Lease, Weighted Average Discount Rate, Percent	3.40%
Finance Lease, Weighted Average Remaining Lease Term	2 years 3 months 18 days

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 25, 2021	Dec. 26, 2020	Dec. 27, 2019
Excess of the purchase price paid over the estimated fair values of the assets and liabilities assumed	$ 112,529,000	$ 112,529,000
Impairment of goodwill	0	0
Impairment of intangible asset	0
Intangible assets amortization	$ 253,000	$ 253,000	$ 127,000
Customer Relationships
Useful life of finite lived intangibles	15 years

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Schedule of Intangible Assets (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 25, 2021	Dec. 26, 2020
Gross Carrying Value	$ 104,310	$ 104,310
Accumulated Amortization	(633)	(380)
Net Book Value	$ 103,677	103,930
Customer Relationships
Estimated Useful Life	15 years
Gross Carrying Value	$ 3,800	3,800
Accumulated Amortization	(633)	(380)
Net Book Value	3,167	3,420
Trade Names
Gross Carrying Value	100,510	100,510
Net Book Value	$ 100,510	$ 100,510

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Schedule of Amortization Expense (Detail) $ in Thousands	Dec. 25, 2021USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2022	$ 253
2023	253
2024	253
2025	253
2026	253
Thereafter	$ 1,900

Third-Party Production Prepay_3

Third-Party Production Prepayments (Detail) - USD ($) $ in Thousands	Mar. 27, 2021	Dec. 25, 2021	Sep. 25, 2021	Dec. 25, 2021	Dec. 26, 2020	Dec. 28, 2019
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Percentage of brews and packages				56.00%	65.00%	74.00%
Percentage of brews and packages across various locations				32.00%	33.00%	23.00%
Total third-party production prepayments		$ 88,294		$ 88,294	$ 56,843
Reclassification of third-party prepayments from current assets to non-current assets	$ 14,800
Payments for capital improvements			$ 10,000
Additional payment for accessing facility		17,900
Contractual shortfall fees				210,000
Expected shortfall fees		38,000		38,000
Third-party Production Facilities
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Contract term costs write off				9,500
Contract termination costs				19,600
Third-party Production Contracts
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Terminated product contracts		$ 7,100		$ 7,100

Third- Party Production Prepaym

Third- Party Production Prepayments - Schedule of Third-Party Production Prepayments (Detail) - USD ($) $ in Thousands	Dec. 25, 2021	Dec. 26, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid expenses and other current assets		$ 14,816
Third-party production prepayments	$ 88,294	56,843
Total third-party production prepayments	$ 88,294	$ 71,659

Third-Party Production Prepay_4

Third-Party Production Prepayments - Schedule of Expected Shortfall Fees to be Incurred (Detail) $ in Millions	Dec. 25, 2021USD ($)
Contractual Obligation, Fiscal Year Maturity [Abstract]
2022	$ 6
2023	15
2024	11
2025	6
Total shortfall fees expected to be incurred	$ 38

Summary of Accrued Expenses and

Summary of Accrued Expenses and Other Current Liabilities (Detail) - USD ($) $ in Thousands	Dec. 25, 2021	Dec. 26, 2020
Payables and Accruals [Abstract]
Liability for wholesaler transaction (see Note D)	$ 39,468
Advertising, promotional and selling expenses	25,867	$ 15,752
Accrued destruction costs and provisions for non-cancellable purchase orders	18,587
Employee wages, benefits and reimbursements	21,476	50,938
Accrued deposits	13,521	15,616
Deferred revenue	8,049	13,522
Accrued taxes	7,340	10,133
Accrued returns	6,045	3,092
Other accrued liabilities	21,199	20,491
Accrued expenses and other current liabilities	$ 161,552	$ 129,544

Revolving Line of Credit - Addi

Revolving Line of Credit - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 25, 2021	Dec. 26, 2020	Dec. 28, 2019
Debt Instrument [Line Items]
Commitment fee	0.15%
Credit facility, borrowing outstanding	$ 0
EBITDA to interest expense ratio	927
EBITDA to interest expense, minimum allowable ratio	2
Total funded debt to EBITDA ratio	0.01
Total funded debt to EBITDA, maximum allowable ratio	2.50
Proceeds from Line of Credit		$ 100,000,000	$ 97,000,000
Repayment of Line of Credit		100,000,000	$ 97,000,000
Payments of interest expenses on borrowings		$ 200,000
Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit, current borrowing capacity	$ 150,000,000
Basis spread on variable rate	0.45%
Line of credit, expiration date	Mar. 31, 2023
Revolving Credit Facility | Alternative Prime Rate
Debt Instrument [Line Items]
Debt interest rate at end of period	3.25%
Revolving Credit Facility | LIBOR rate
Debt Instrument [Line Items]
Debt interest rate at end of period	0.09%

Significant Components of Incom

Significant Components of Income Tax (Benefit) Provision (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 25, 2021	Dec. 26, 2020	Dec. 28, 2019
Current:
Federal	$ (4,473)	$ 25,115	$ 18,510
State	2,078	9,455	8,084
Total current	(2,395)	34,570	26,594
Deferred:
Federal	(2,762)	16,363	8,081
State	(2,487)	1,337	(346)
Total deferred	(5,249)	17,700	7,735
Total income tax (benefit) provision	$ (7,644)	$ 52,270	$ 34,329

Reconciliations to Statutory Ra

Reconciliations to Statutory Rates (Detail)	12 Months Ended
	Dec. 25, 2021	Dec. 26, 2020	Dec. 28, 2019
Income Tax Disclosure [Abstract]
Statutory rate	21.00%	21.00%	21.00%
State income taxes, net of federal benefit	11.00%	4.40%	4.60%
Deduction relating to excess stock based compensation	(153.80%)	(4.30%)	(3.20%)
Non-deductable meals & entertainment	5.60%	0.20%	0.70%
Change in unrecognized tax benefits (including interest and penalty)	(8.70%)
Federal and state provision to return	(7.10%)	(0.10%)	(0.30%)
Change in valuation allowance	21.90%	0.10%	0.40%
Other	(0.60%)	0.10%	0.60%
Effective Income Tax Rate Reconciliation, Percent, Total	(110.70%)	21.40%	23.80%

Significant Components of Compa

Significant Components of Company's Deferred Tax Assets and Liabilities (Detail) - USD ($) $ in Thousands	Dec. 25, 2021	Dec. 26, 2020
Deferred tax assets:
Lease Liabilities	$ 16,236	$ 17,951
Inventory	14,343	4,114
Stock-based compensation expense	6,713	5,568
Loss carryforwards	3,859
Accrued expenses	3,449	1,581
Accrued commitments for inventory at vendor locations	2,607
Tax credit carryforwards	1,874	774
Accrued destruction costs	1,538
Accrued noncancellable purchase orders for cancelled projects	1,134
Other	1,569	1,439
Total deferred tax assets	53,322	31,427
Valuation allowance	(3,341)	(2,022)
Total deferred tax assets net of valuation allowance	49,981	29,405
Deferred tax liabilities:
Property, plant and equipment	(102,696)	(88,947)
Right-of-use assets	(14,035)	(15,695)
Amortization	(15,024)	(12,900)
Prepaid expenses	(5,721)	(4,528)
Total deferred tax liabilities	(137,476)	(122,070)
Net deferred tax liabilities	$ (87,495)	$ (92,665)

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 25, 2021	Dec. 26, 2020	Dec. 28, 2019
Income Taxes [Line Items]
Interest and penalties included in provision for incomes taxes	$ 0	$ 0	$ 0
Accrued interest and penalties	0.2	0.2
Unrecognized tax benefits that would impact the effective tax rate if recognized	0.2	$ 0.8
Deferred tax assets capital loss carryforward	$ 0.9
State and Local Jurisdiction
Income Taxes [Line Items]
Income tax return examination	As of December 25, 2021, the Company’s 2018, 2019, and 2020 federal income tax returns remain subject to examination by IRS. The Company’s state income tax returns remain subject to examination for three or four years depending on the state’s statute of limitations.
State and Local Jurisdiction | Minimum
Income Taxes [Line Items]
Income tax return examination period	3 years
State and Local Jurisdiction | Maximum
Income Taxes [Line Items]
Income tax return examination period	4 years

Reconciliation of Unrecognized

Reconciliation of Unrecognized Tax Benefits (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 25, 2021	Dec. 26, 2020
Income Tax Disclosure [Abstract]
Balance at beginning of year	$ 812	$ 811
Increases related to current year tax positions	59
Increases related to prior year tax positions	36	13
Decreases related to lapse of statute of limitations	(675)	(12)
Balance at end of year	$ 232	$ 812

Commitments and Contingencies -

Commitments and Contingencies - Summary of Non-cancelable Contractual Obligations (Detail) $ in Thousands	Dec. 25, 2021USD ($)
Long-term Purchase Commitment [Line Items]
Contractual obligations payment due, total	$ 349,208
Contractual obligations payment due, 2022	277,325
Contractual obligations payment due, 2023	52,995
Contractual obligations payment due, 2024	11,879
Contractual obligations payment due, 2025	6,929
Contractual obligations payment due, 2026	80
Equipment and machinery
Long-term Purchase Commitment [Line Items]
Contractual obligations payment due, total	44,542
Contractual obligations payment due, 2022	44,542
Ingredients (excluding hops and malt)
Long-term Purchase Commitment [Line Items]
Contractual obligations payment due, total	158,044
Contractual obligations payment due, 2022	123,662
Contractual obligations payment due, 2023	34,382
Brand Support
Long-term Purchase Commitment [Line Items]
Contractual obligations payment due, total	86,503
Contractual obligations payment due, 2022	65,284
Contractual obligations payment due, 2023	9,778
Contractual obligations payment due, 2024	6,722
Contractual obligations payment due, 2025	4,639
Contractual obligations payment due, 2026	80
Hops and Malt
Long-term Purchase Commitment [Line Items]
Contractual obligations payment due, total	45,353
Contractual obligations payment due, 2022	34,047
Contractual obligations payment due, 2023	6,241
Contractual obligations payment due, 2024	3,461
Contractual obligations payment due, 2025	1,604
Other
Long-term Purchase Commitment [Line Items]
Contractual obligations payment due, total	14,766
Contractual obligations payment due, 2022	9,790
Contractual obligations payment due, 2023	2,594
Contractual obligations payment due, 2024	1,696
Contractual obligations payment due, 2025	$ 686

Commitments and Contingencies_2

Commitments and Contingencies - Additional Information (Detail) $ in Millions	12 Months Ended
	Dec. 25, 2021USD ($)Vendor
Barley, Wheat and Malt
Commitments and Contingencies Disclosure [Line Items]
Number of suppliers | Vendor	4
Purchase commitments outstanding	$ 22.9
Hops
Commitments and Contingencies Disclosure [Line Items]
Purchase commitments	$ 22.5

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 25, 2021	Dec. 26, 2020	Dec. 28, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	$ 26,853	$ 163,282	$ 36,670
Money market fund	5,800	157,600
property, plant and equipment, carrying value	664,815	$ 623,083
Hard Seltzer Product [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
property, plant and equipment, carrying value	17,800
Property, plant and equipment, fair value	5,100
Impairment expenses related to cancelled projects	12,700
Provision for amounts owed to third-parties under non-cancellable purchase orders	$ 6,300

Common Stock and Share-Based _3

Common Stock and Share-Based Compensation - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	Mar. 01, 2021	Jul. 03, 2019	Dec. 25, 2021	Dec. 26, 2020	Dec. 28, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options, contractual term			5 years 6 months 10 days
Other than options granted in period			17,821
Stock option outstanding			221,354	241,847
Options granted in period - weighted average fair value			$ 456.28	$ 153.31	$ 131.91
Weighted average fair value of stock awards			877.10
Weighted average exercise price			$ 310.38	$ 228.58
Expected dividends			0.00%	0.00%	0.00%
Estimated forfeiture rate for equity awards that do not vest on January 1st			13.00%
Total fair value of options vested in period			$ 6.3	$ 4.8	$ 2.5
Aggregate intrinsic value of stock options exercised in period			28.9	$ 45.9	$ 20.9
Unrecognized compensation costs			$ 31
Unrecognized compensation costs, weighted average period			2 years
Option vested, number of shares			42,038	45,860	33,205
Option vested, weighted average fair value			$ 227.40	$ 214.23	$ 188.63
Repurchase of shares			13,800,000
Stock repurchased during period			0	0	0
Dogfish Head Brewery
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Business combination consideration		$ 336
Business acquisition cash transferred		$ 173
Performance-Based Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option outstanding			8,057
Performance-Based Awards | Board of Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option outstanding			21,992
Service-Based Awards | Chief Executive Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted in period	10,935
Options granted in period - weighted average fair value	$ 457.25
Weighted average exercise price	$ 1,028.71
Non-Employee Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted in period			1,422	4,410	4,779
Non-Employee Director | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options, contractual term			10 years
Employee Stock Compensation Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted in period			18,998	21,992	26,507
Employee Stock Compensation Plan | Performance-Based Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted in period			8,063
Employee Stock Compensation Plan | Service-Based Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			3 years
Options granted in period			10,935
Employee Stock Compensation Plan | Investment Share Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			5 years
Share based compensation arrangement by share based payment award participants payment description			Participants may pay for these shares either up front or through payroll deductions over an eleven-month period during the year of purchase.
Shares employees elected to purchase			4,954	9,127	7,901
Employee Stock Compensation Plan | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			3 years
Employee Stock Compensation Plan | Minimum | Investment Share Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Requirement tenure of employee for investment share program, purchase shares at discount			1 year
Discount from current market value			0.00%
Employee Stock Compensation Plan | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			5 years
Stock options, contractual term			10 years
Employee Stock Compensation Plan | Maximum | Investment Share Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Discount from current market value			40.00%
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Other than options granted in period			12,867	33,403	22,509
Restricted Stock Units | Service-Based Awards | Chief Executive Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Other than options granted in period	4,861
Weighted average fair value of stock awards	$ 1,028.71
Restricted Stock Units | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			3 years
Restricted Stock Units | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			5 years
Common Class A | Non-Employee Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for issuance			600,000
Shares available for grant			100,000
Common Class A | Employee Stock Compensation Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for issuance			6,700,000
Shares available for grant			1,000,000
Restricted Common Class A | Dogfish Head Brewery
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Business acquisition Shares issued		429,291
Business acquisition value of shares issued		$ 163
Shares held under escrow deposit		127,146
Shares held under escrow deposit market Value		$ 48.3

Common Stock and Share-Based _4

Common Stock and Share-Based Compensation - Summary of Stock Options under Employee Equity Incentive Plan and Stock Option Plan for Non-Employee Directors (Detail) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 25, 2021USD ($)$ / sharesshares
Shares
Outstanding at beginning of period | shares	241,847
Granted | shares	20,420
Exercised | shares	(40,913)
Outstanding at end of period | shares	221,354
Exercisable at end of period | shares	98,390
Vested and expected to vest at end of period | shares	205,369
Weighted-Average Exercise Price
Outstanding at beginning of period | $ / shares	$ 228.58
Granted | $ / shares	1,031.01
Exercised | $ / shares	186.52
Outstanding at end of period | $ / shares	310.38
Exercisable at end of period | $ / shares	228.66
Vested and expected to vest at end of period | $ / shares	$ 305.29
Weighted-Average Remaining Contractual Term
Outstanding at end of period	5 years 6 months 10 days
Exercisable at end of period	4 years 9 months 10 days
Vested and expected to vest at end of period	5 years 5 months 23 days
Aggregate Intrinsic Value
Outstanding at end of period | $	$ 54,048
Exercisable at end of period | $	28,199
Vested and expected to vest at end of period | $	$ 50,688

Common Stock and Share-Based _5

Common Stock and Share-Based Compensation - Stock-Based Compensation Expense Included in Operating Expenses (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 25, 2021	Dec. 26, 2020	Dec. 28, 2019
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	$ 18,615	$ 15,282	$ 12,337
Performance-Based Awards
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	3,384	2,771	1,944
Advertising, promotional and selling expenses
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	5,612	4,467	3,996
General and administrative expenses
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	$ 13,003	$ 10,815	$ 8,341

Common Stock and Share-Based _6

Common Stock and Share-Based Compensation - Summary Of Weighted Average Assumptions used to Estimate Fair Value of Stock Options (Detail) - Time	12 Months Ended
	Dec. 25, 2021	Dec. 26, 2020	Dec. 28, 2019
Share-based Payment Arrangement [Abstract]
Expected volatility	36.10%	32.60%	32.10%
Risk-free interest rate	1.45%	1.09%	2.63%
Expected dividends	0.00%	0.00%	0.00%
Exercise factor	2.6	2.1	2.33
Discount for post-vesting restrictions	0.00%	0.00%	0.00%

Common Stock and Share-Based _7

Common Stock and Share-Based Compensation - Summary of Vesting Activities for Investment Share Program and Restricted Stock Awards (Detail)	12 Months Ended
	Dec. 25, 2021$ / sharesshares
Share-based Payment Arrangement [Abstract]
Non-vested at beginning of period | shares	114,316
Granted | shares	17,821
Vested | shares	(42,038)
Forfeited | shares	(1,251)
Non-vested at end of period | shares	88,848
Non-vested at beginning of period | $ / shares	$ 263.47
Granted | $ / shares	877.10
Vested | $ / shares	227.40
Forfeited | $ / shares	458.28
Non-vested at end of period | $ / shares	$ 401.70

Employee Retirement Plans and_3

Employee Retirement Plans and Post-Retirement Medical Benefits - Additional Information (Detail)	1 Months Ended	12 Months Ended
	Jan. 31, 2020	Dec. 25, 2021USD ($)CompensationPlan	Dec. 26, 2020USD ($)	Dec. 28, 2019USD ($)
Pension Benefit Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Unfunded projected pension benefits			$ 0
Retiree Medical Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Unfunded projected pension benefits		$ (1,040,000)	(1,077,000)
Non-Union Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Number of retirement plans | CompensationPlan		1
Non-Union Plans | Boston Beer 401 (k) Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Eligibility timing		eligible to participate in the Plan immediately upon employment
Voluntary contributions of annual compensation		60.00%
Employer matching contribution percentage		5.00%
Contributions Plan		$ 7,400,000	6,400,000	$ 4,000,000
Non-Union Plans | Boston Beer 401 (k) Plan | Company's match thereafter
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Employer matching contribution percentage	3.00%
Employer match percentage	100.00%
Non-Union Plans | Boston Beer 401 (k) Plan | Company's match for the first 3% of the eligible participants contribute
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Employer matching contribution percentage	5.00%
Employer match percentage	50.00%
Non-Union Plans | Dogfish Head 401 (K) Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Voluntary contributions of annual compensation		60.00%
Employer matching contribution percentage		5.00%
Contributions Plan				300,000
Non-Union Plans | Dogfish Head 401 (K) Plan | Company's match thereafter
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Employer match percentage		50.00%
Non-Union Plans | Dogfish Head 401 (K) Plan | Company's match for the first 3% of the eligible participants contribute
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Employer match percentage		100.00%
Contribution percentage by the company		3.00%
Union Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Number of retirement plans | CompensationPlan		2
Union Plans | Company Sponsored Pension Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Eligibility timing		open to all union employees who are covered by the Company’s collective bargaining agreement with Teamsters Local Union. No. 1199 (“Local Union 1199”), or persons on leave from the Company who are employed by Local Union 1199, and in either case who have completed 12 consecutive months of employment with at least 750 hours worked.
Eligibility period		12 months
Time required for eligibility		750 hours
Expenses on termination of defined benefit plan			2,000,000
Pension contributions			$ 2,900,000	$ 300,000
Union Plans | Retiree Medical Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Eligibility period		20 years
Time required for eligibility		5 years
Benefit obligation, discount rate		2.86%	2.50%
Benefit obligation, rate of compensation increase		2.50%	2.50%	2.50%
Percentage paid for coverage		100.00%
Union Plans | Retiree Medical Plan | Minimum
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Voluntarily retirement age		57 years
Union Plans | Retiree Medical Plan | Local #20 member
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Time required for eligibility		7 years
Retiree Medical Plan, last years of employment		10 years
Voluntarily retirement age		65 years
Union Plans | Retiree Medical Plan | Local #20 member | Minimum
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Eligibility period		20 years
Union Plans | Samuel Adams Cincinnati Brewery 401 (k) Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Eligibility timing		all union employees upon commencement of employment or, if later, attaining age 21.
Voluntary contributions of annual compensation		60.00%

Funded Status of Retiree Medica

Funded Status of Retiree Medical Plan (Detail) - Retiree Medical Plan - USD ($) $ in Thousands	Dec. 25, 2021	Dec. 26, 2020
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Benefit obligation at end of fiscal year	$ 1,040	$ 1,077
Unfunded Status	$ 1,040	$ 1,077

Net Income per Share - Computat

Net Income per Share - Computation of Earnings Per Share, Basic (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 25, 2021	Dec. 26, 2020	Dec. 28, 2019
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net Income	$ 14,553	$ 191,960	$ 110,041
Allocation of net income for basic:
Allocation of net income for basic common stock	$ 14,553	$ 191,960	$ 110,041
Weighted average number of shares for basic:
Weighted-average number of common shares - basic	12,280	12,204	11,886
Net income per share for basic:
Net income per common share - basic	$ 1.19	$ 15.73	$ 9.26
Common Class A
Allocation of net income for basic:
Allocation of net income for basic common stock	$ 11,995	$ 153,106	$ 82,474
Weighted average number of shares for basic:
Weighted-average number of common shares - basic	10,121	9,734	8,908
Net income per share for basic:
Net income per common share - basic	$ 1.19	$ 15.73	$ 9.26
Common Class B
Allocation of net income for basic:
Allocation of net income for basic common stock	$ 2,506	$ 37,690	$ 26,600
Weighted average number of shares for basic:
Weighted-average number of common shares - basic	2,115	2,396	2,873
Net income per share for basic:
Net income per common share - basic	$ 1.19	$ 15.73	$ 9.26
Unvested participating shares
Allocation of net income for basic:
Allocation of net income for basic unvested participating shares	$ 52	$ 1,164	$ 967
Weighted average number of shares for basic:
Weighted-average number of common shares - basic	44	74	105

Net Income per Share - Comput_2

Net Income per Share - Computation of Diluted Net Income Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 25, 2021	Dec. 26, 2020	Dec. 28, 2019
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]
Earnings to Common Shareholders, As reported - basic	$ 14,553	$ 191,960	$ 110,041
Common shares, As reported - basic	12,280	12,204	11,886
EPS, As reported - basic	$ 1.19	$ 15.73	$ 9.26
Add: effect of dilutive potential common shares Share-based awards	138	153	127
Earnings to Common Shareholders, Net effect of unvested participating shares	$ 52	$ 14	$ 10
Earnings to Common Shareholders, Net income per common share - diluted	$ 14,553	$ 190,810	$ 109,084
Common Shares, Net income per common share - diluted	12,436	12,283	11,908
EPS, Net income per common share — diluted	$ 1.17	$ 15.53	$ 9.16
Common Class A
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]
Earnings to Common Shareholders, As reported - basic	$ 11,995	$ 153,106	$ 82,474
Common shares, As reported - basic	10,121	9,734	8,908
EPS, As reported - basic	$ 1.19	$ 15.73	$ 9.26
Common Class B
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]
Earnings to Common Shareholders, As reported - basic	$ 2,506	$ 37,690	$ 26,600
Common shares, As reported - basic	2,115	2,396	2,873
EPS, As reported - basic	$ 1.19	$ 15.73	$ 9.26
Earnings to Common Shareholders, Class B Common Stock	$ 2,506	$ 37,690	$ 26,600
Common Shares, Net effect of unvested participating shares	62
Class B Common Stock	2,115	2,396	2,873

Net Income per Share - Addition

Net Income per Share - Additional Information (Detail)	12 Months Ended
	Dec. 25, 2021$ / sharesshares	Dec. 26, 2020shares$ / shares	Dec. 28, 2019$ / sharesshares
Earnings Per Share Note [Line Items]
Net income per common share - basic | $ / shares	$ 1.19	$ 15.73	$ 9.26
Conversion ratio for Class B to Class A shares		1
Performance-Based Awards
Earnings Per Share Note [Line Items]
Number of shares not included because the performance criteria was not expected to be met	1,000	0
Common Class A
Earnings Per Share Note [Line Items]
Net income per common share - basic | $ / shares	$ 1.19	$ 15.73	$ 9.26
Antidilutive securities excluded from computation of earnings per share	17,000	0	23,000
Common Class A | Performance-Based Awards
Earnings Per Share Note [Line Items]
Number of shares not included because the performance criteria was not expected to be met		0	10,000
Common Class B
Earnings Per Share Note [Line Items]
Net income per common share - basic | $ / shares	$ 1.19	$ 15.73	$ 9.26

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 25, 2021	Dec. 26, 2020	Dec. 28, 2019
Accumulated Other Comprehensive Income Loss [Line Items]
Balance	$ 956,967	$ 735,636	$ 460,317
Deferred pension and other post-retirement benefit costs		1,611	(442)
Amortization of Deferred benefit costs	90	(219)	(77)
Currency translation adjustment	(32)	25	47
Balance	983,409	956,967	735,636
AOCI Attributable to Parent
Accumulated Other Comprehensive Income Loss [Line Items]
Balance	(252)	(1,669)	(1,197)
Currency translation adjustment	(32)	25	47
Balance	$ (194)	$ (252)	$ (1,669)

Changes in Accumulated Other _2

Changes in Accumulated Other Comprehensive Loss (Parenthetical) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 25, 2021	Dec. 26, 2020	Dec. 28, 2019
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Deferred pension and other post-retirement benefit costs, taxes		$ 502	$ 150
Amortization of Deferred benefit costs, tax	$ 20	$ 35	$ 26

Summary of Valuation and Qualif

Summary of Valuation and Qualifying Accounts (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 25, 2021	Dec. 26, 2020	Dec. 28, 2019
Valuation And Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period	$ 3,100
Balance at End of Period	6,000	$ 3,100
Allowance for Doubtful Accounts
Valuation And Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period	535	47	$ 2
Net Provision (Recovery)	182	488	45
Amounts Charged Against Reserves	(364)
Balance at End of Period	353	535	47
Discount Accrual
Valuation And Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period	9,357	6,272	4,636
Net Provision (Recovery)	72,680	59,279	43,920
Amounts Charged Against Reserves	(70,816)	(56,194)	(42,284)
Balance at End of Period	11,221	9,357	6,272
Inventory Obsolescence Reserve
Valuation And Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period	6,331	6,375	2,580
Net Provision (Recovery)	62,616	11,248	8,092
Amounts Charged Against Reserves	(25,892)	(11,292)	(4,297)
Balance at End of Period	43,055	6,331	6,375
Stale Beer Reserve
Valuation And Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period	3,092	1,828	2,146
Net Provision (Recovery)	9,537	8,411	4,406
Amounts Charged Against Reserves	(6,584)	(7,147)	(4,724)
Balance at End of Period	$ 6,045	$ 3,092	$ 1,828

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 25, 2021	Dec. 26, 2020	Dec. 28, 2019
Related Party Transaction [Line Items]
Total payments due	$ 71,131,000
Related party transaction, other expenses from transactions with related party	$ 100,000	$ 100,000	$ 100,000
Dogfish Head Brewery
Related Party Transaction [Line Items]
Lease term of contract	10 years
Total payments due	$ 3,600,000
Total related party expense	$ 348,000	$ 348,000	$ 183,000

Licensing Agreements - Addition

Licensing Agreements - Additional Information (Detail) - Agreement	Dec. 09, 2021	Aug. 09, 2021	Jul. 14, 2021
Jim Beam | Beam Suntory Licensing Agreement
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of license agreements			2
License agreement term			5 years
Pepsi | Pepsi Licensing Agreement
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Term of license agreement option to terminate		2 years
Patagonia | Patagonia Licensing Agreement
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Expiration date of agreement with option to renew	Dec. 31, 2024

Quarterly Results (Detail)

Quarterly Results (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 25, 2021	Dec. 26, 2020	Dec. 28, 2019
Quarterly Financial Information Disclosure [Abstract]
Net revenue	$ 2,057,622	$ 1,736,432	$ 1,249,824
Gross profit	797,792	814,452	614,166
Operating income	7,997	244,207	144,912
Net income	$ 14,553	$ 191,960	$ 110,041
Net income per common share - basic	$ 1.19	$ 15.73	$ 9.26
Net income per share - diluted	$ 1.17	$ 15.53	$ 9.16