Acquisition

6 Months Ended

Jul. 01, 2016

Business Combinations [Abstract]

Acquisition

Acquisition

During June 2016, we purchased a blueberry farm in Chile of approximately 320 acres, which includes agricultural production land, packing houses and farm equipment. The purchase price for this business acquisition was $7.1 million and was funded using operating cash flows and available borrowings under the Credit Facility (as defined in Note 10 “Long-Term Debt and Capital Lease Obligations”). The initial accounting for this business combination has not been completed because the appraisal of the property, plant and equipment has not yet been received.