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Pay vs Performance Disclosure
Unit_pure in Millions
12 Months Ended
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure [Table]      
Pay vs Performance [Table Text Block]
PAY VERSUS PERFORMANCE
As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(v) of Regulation
S-K,
we are providing the following information about the relationship between executive compensation actually paid to our principal executive officer, or PEO, and for the average of the other NEOs and certain financial performance of the Company. For further information concerning the Company’s compensation philosophy and how the Company aligns executive compensation with the Company’s performance, refer to “Compensation Discussion and Analysis.”
 
Year
 
Summary
Compensation
Table Total for
PEO
(1)
   
Compensation
Actually Paid
to PEO
(2)
   
Average
Summary
Compensation
Table Total for
Non-PEO

NEOs
(3)
   
Average
Compensation
Actually Paid
to
Non-PEO

NEOs
(4)
   
Value of Initial Fixed $100
Investment Based On:
   
Net
Income
(millions)
(7)
   
EBITDA
(millions)
(8)
 
 
Total
Shareholder
Return
(5)
   
Peer Group
Total
Shareholder
Return
(6)
 
  (a)
 
(b)
   
(c)
   
(d)
   
(e)
   
(f)
   
(g)
   
(h)
   
(i)
 
2022
  $ 6,130,560     $ 5,375,558     $ 843,407     $ 628,138     $ 78.74     $ 104.79     $ 97.7     $ 241.8  
2021
  $ 5,470,325     $ 5,698,163     $ 1,225,904     $ 1,264,940     $ 81.16     $ 108.31     $ 79.9     $ 206.1  
2020
  $ 5,911,194     $ 4,176,140     $ 1,338,101     $ 1,147,163     $ 69.66     $ 98.07     $ 46.3     $ 177.4  
 
(1)
The dollar amounts reported in column (b) are the amounts of total compensation reported for
Mr. Abu-Ghazale
h
(our Chief Executive Officer) for each corresponding year in the “Total” column of the Summary Compensation Table. Refer to “Executive Compensation – Executive Compensation Tables – Summary Compensation Table.”
(2)
The dollar amounts reported in column (c) represent the amount of “compensation actually paid” to
Mr. Abu-Ghazaleh,
as computed in accordance with Item 402(v) of Regulation
S-K.
The dollar amounts do not reflect the actual amount of compensation earned by or paid to
Mr. Abu-Ghazaleh
during the applicable year. In accordance with the requirements of Item 402(v) of Regulation
S-K,
the following adjustments were made to
Mr. Abu-Ghazaleh’s
total compensation for each year to determine the compensation actually paid:
 
  Year
  
Reported
Summary
Compensation
Table Total for
PEO
    
Reported
Value of
Equity
Awards
(a)
    
Equity Award
Adjustments
(b)
    
Compensation
Actually Paid
to PEO
 
  2022
     $6,130,560            ($3,179,283)        $2,424,281            $5,375,558     
  2021
     $5,470,325            ($3,156,854)        $3,384,692            $5,698,163     
  2020
     $5,911,194            ($2,492,463)        $757,409            $4,176,140     
 
  (a)
The grant date fair value of equity awards represents the total of the amounts reported in the “Stock Awards” column in the Summary Compensation Table for the applicable year.
  (b)
The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following: (i) the
year-end
fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year; (iii) for awards that are granted and vest in same applicable year, the fair value as of the vesting date; (iv) for awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value; (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on stock or option awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The amounts deducted or added in calculating the equity award adjustments are as follows:
 
Year
  
Year End
Fair Value
of Equity
Awards of
Equity
Awards
Granted in
the Year
    
Year over
Year
Change in
Fair Value
of
Outstanding
and
Unvested
Equity
Awards
   
Fair
Value as
of
Vesting
Date of
Equity
Awards
Granted
and
Vested
in the
Year
    
Year
over
Year
Change
in Fair
Value of
Equity
Awards
Granted
in Prior
Years
that
Vested in
the Year
   
Fair Value
at the End
of the
Prior Year
of Equity
Awards
that Failed
to Meet
Vesting
Conditions
in the Year
   
Value of
Dividends or
other
Earnings Paid
on Stock or
Option
Awards not
Otherwise
Reflected in
Fair Value or
Total
Compensation
    
Total Equity
Award
Adjustments
PEO
 
2022
   $ 2,662,790      ($ 109,442   $ —        ($ 39,811   ($ 149,551   $ 60,295      $ 2,424,281  
2021
   $ 3,174,399      $ 266,406     $ —        $ 100,230     ($ 163,676   $ 7,333      $ 3,384,692  
2020
   $ 1,761,924      ($ 945,548   $ 274,200      ($ 368,638     —       $ 35,471      $ 757,409  
 
(3)
The dollar amounts reported in column (d) represent the average of the amounts reported for the Company’s named executive officers (NEOs) as a group (excluding
Mr. Abu-Ghazaleh)
in the “Total” column of the Summary Compensation Table in each applicable year. The names of each of the NEOs included for purposes of calculating the average amounts in each applicable year are as follows: (i) for 2022, Monica Vicente, Mohammed Abbas, Ziad Nabulsi, Helmuth Lutty, Youssef Zakharia and Eduardo Bezerra; (ii) for 2021, Eduardo Bezerra, Mohammed Abbas, Youssef Zakharia and Marlene M. Gordon; and (iii) for 2020, Eduardo Bezerra, Youssef Zakharia, Annunciata Cerioli and Marlene M. Gordon.
(4)
The dollar amounts reported in column (e) represent the average amount of “compensation actually paid” to the NEOs as a group (excluding
Mr. Abu-Ghazaleh),
as computed in accordance with Item 402(v) of Regulation
S-K.
The dollar amounts do not reflect the actual average amount of compensation earned by or paid to these NEOs as a group during the applicable year. In accordance with the requirements of Item 402(v) of Regulation
S-K,
the following adjustments were made to average total compensation for these NEOs for each year to determine the compensation actually paid, using the same methodology described above in Note 2:
 
  Year
  
Average
Reported
Summary
Compensation
Table Total for
Non-PEO

NEOs
    
Average
Reported
Value of
Equity
Awards
    
Average
Equity
Award
Adjustments*
    
Average
Compensation
Actually Paid
to
Non-PEO

NEOs
 
  2022
     $843,407            ($136,720)        ($78,549)            $628,138      
  2021
     $1,225,904            ($429,688)        $468,724            $1,264,940      
  2020
     $1,338,101            ($381,503)        $190,565            $1,147,163      
 
  *
The amounts deducted or added in calculating the total average equity award adjustments are as follows:
 
Year
  
Average
Year
End Fair
Value of
Equity
Awards
Granted
in the
Year
    
Year over
Year
Average
Change in
Fair Value
of
Outstanding
and
Unvested
Equity
Awards
   
Average
Fair
Value
as of
Vesting
Date of
Equity
Awards
Granted
and
Vested
in the
Year
    
Year
over
Year
Average
Change
in Fair
Value of
Equity
Awards
Granted
in Prior
Years
that
Vested
in the
Year
   
Average
Fair Value
at the End
of the
Prior Year
of Equity
Awards
that Failed
to Meet
Vesting
Conditions
in the Year
   
Average Value
of Dividends
or other
Earnings Paid
on Stock or
Option
Awards not
Otherwise
Reflected in
Fair Value or
Total
Compensation
    
Total
Average
Equity
Award
Adjustments
 
2022
   $ 226,694      ($ 6,175     —        ($ 449   ($ 308,609   $ 9,989      ($ 78,549
2021
   $ 434,433      $ 46,389       —        $ 13,119     ($ 27,428   $ 2,211      $ 468,724  
2020
   $ 270,215      ($ 81,151   $ 37,222      ($ 36,960     —       $ 1,238      $ 190,565  
 
(5)
Cumulative TSR is calculated by dividing the sum of the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and the difference between the Company’s share price at the end and the beginning of the measurement period by the Company’s share price at the beginning of the measurement period.
(6)
Represents the weighted peer group TSR, weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated. The peer group used for this purpose is the published industry index S&P 600 Food Products.
(7)
The dollar amounts reported represent the amount of net income reflected in the Company’s audited financial statements for the applicable year.
(8)
EBITDA is defined as net income (loss) plus interest expense, depreciation and amortization, income tax provision (benefit), and share-based compensation expense. While the Company uses several financial and
non-financial
performance measures for the purpose of evaluating performance for the Company’s compensation programs, the Company has determined that EBITDA is the financial performance measure that, in the Company’s assessment, represents the most important performance measure (that is not otherwise required to be disclosed in the table) used by the Company to link compensation actually paid to the Company’s NEOs, for the most recently completed fiscal year, to Company performance.
   
Company Selected Measure Name EBITDA    
Named Executive Officers, Footnote [Text Block] The dollar amounts reported in column (d) represent the average of the amounts reported for the Company’s named executive officers (NEOs) as a group (excluding
Mr. Abu-Ghazaleh)
in the “Total” column of the Summary Compensation Table in each applicable year. The names of each of the NEOs included for purposes of calculating the average amounts in each applicable year are as follows: (i) for 2022, Monica Vicente, Mohammed Abbas, Ziad Nabulsi, Helmuth Lutty, Youssef Zakharia and Eduardo Bezerra; (ii) for 2021, Eduardo Bezerra, Mohammed Abbas, Youssef Zakharia and Marlene M. Gordon; and (iii) for 2020, Eduardo Bezerra, Youssef Zakharia, Annunciata Cerioli and Marlene M. Gordon.
   
Peer Group Issuers, Footnote [Text Block] Represents the weighted peer group TSR, weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated. The peer group used for this purpose is the published industry index S&P 600 Food Products.    
PEO Total Compensation Amount $ 6,130,560 $ 5,470,325 $ 5,911,194
PEO Actually Paid Compensation Amount $ 5,375,558 5,698,163 4,176,140
Adjustment To PEO Compensation, Footnote [Text Block]
(2)
The dollar amounts reported in column (c) represent the amount of “compensation actually paid” to
Mr. Abu-Ghazaleh,
as computed in accordance with Item 402(v) of Regulation
S-K.
The dollar amounts do not reflect the actual amount of compensation earned by or paid to
Mr. Abu-Ghazaleh
during the applicable year. In accordance with the requirements of Item 402(v) of Regulation
S-K,
the following adjustments were made to
Mr. Abu-Ghazaleh’s
total compensation for each year to determine the compensation actually paid:
 
  Year
  
Reported
Summary
Compensation
Table Total for
PEO
    
Reported
Value of
Equity
Awards
(a)
    
Equity Award
Adjustments
(b)
    
Compensation
Actually Paid
to PEO
 
  2022
     $6,130,560            ($3,179,283)        $2,424,281            $5,375,558     
  2021
     $5,470,325            ($3,156,854)        $3,384,692            $5,698,163     
  2020
     $5,911,194            ($2,492,463)        $757,409            $4,176,140     
 
  (a)
The grant date fair value of equity awards represents the total of the amounts reported in the “Stock Awards” column in the Summary Compensation Table for the applicable year.
  (b)
The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following: (i) the
year-end
fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year; (iii) for awards that are granted and vest in same applicable year, the fair value as of the vesting date; (iv) for awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value; (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on stock or option awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The amounts deducted or added in calculating the equity award adjustments are as follows:
 
Year
  
Year End
Fair Value
of Equity
Awards of
Equity
Awards
Granted in
the Year
    
Year over
Year
Change in
Fair Value
of
Outstanding
and
Unvested
Equity
Awards
   
Fair
Value as
of
Vesting
Date of
Equity
Awards
Granted
and
Vested
in the
Year
    
Year
over
Year
Change
in Fair
Value of
Equity
Awards
Granted
in Prior
Years
that
Vested in
the Year
   
Fair Value
at the End
of the
Prior Year
of Equity
Awards
that Failed
to Meet
Vesting
Conditions
in the Year
   
Value of
Dividends or
other
Earnings Paid
on Stock or
Option
Awards not
Otherwise
Reflected in
Fair Value or
Total
Compensation
    
Total Equity
Award
Adjustments
PEO
 
2022
   $ 2,662,790      ($ 109,442   $ —        ($ 39,811   ($ 149,551   $ 60,295      $ 2,424,281  
2021
   $ 3,174,399      $ 266,406     $ —        $ 100,230     ($ 163,676   $ 7,333      $ 3,384,692  
2020
   $ 1,761,924      ($ 945,548   $ 274,200      ($ 368,638     —       $ 35,471      $ 757,409  
   
Non-PEO NEO Average Total Compensation Amount $ 843,407 1,225,904 1,338,101
Non-PEO NEO Average Compensation Actually Paid Amount $ 628,138 1,264,940 1,147,163
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]
(4)
The dollar amounts reported in column (e) represent the average amount of “compensation actually paid” to the NEOs as a group (excluding
Mr. Abu-Ghazaleh),
as computed in accordance with Item 402(v) of Regulation
S-K.
The dollar amounts do not reflect the actual average amount of compensation earned by or paid to these NEOs as a group during the applicable year. In accordance with the requirements of Item 402(v) of Regulation
S-K,
the following adjustments were made to average total compensation for these NEOs for each year to determine the compensation actually paid, using the same methodology described above in Note 2:
 
  Year
  
Average
Reported
Summary
Compensation
Table Total for
Non-PEO

NEOs
    
Average
Reported
Value of
Equity
Awards
    
Average
Equity
Award
Adjustments*
    
Average
Compensation
Actually Paid
to
Non-PEO

NEOs
 
  2022
     $843,407            ($136,720)        ($78,549)            $628,138      
  2021
     $1,225,904            ($429,688)        $468,724            $1,264,940      
  2020
     $1,338,101            ($381,503)        $190,565            $1,147,163      
 
  *
The amounts deducted or added in calculating the total average equity award adjustments are as follows:
 
Year
  
Average
Year
End Fair
Value of
Equity
Awards
Granted
in the
Year
    
Year over
Year
Average
Change in
Fair Value
of
Outstanding
and
Unvested
Equity
Awards
   
Average
Fair
Value
as of
Vesting
Date of
Equity
Awards
Granted
and
Vested
in the
Year
    
Year
over
Year
Average
Change
in Fair
Value of
Equity
Awards
Granted
in Prior
Years
that
Vested
in the
Year
   
Average
Fair Value
at the End
of the
Prior Year
of Equity
Awards
that Failed
to Meet
Vesting
Conditions
in the Year
   
Average Value
of Dividends
or other
Earnings Paid
on Stock or
Option
Awards not
Otherwise
Reflected in
Fair Value or
Total
Compensation
    
Total
Average
Equity
Award
Adjustments
 
2022
   $ 226,694      ($ 6,175     —        ($ 449   ($ 308,609   $ 9,989      ($ 78,549
2021
   $ 434,433      $ 46,389       —        $ 13,119     ($ 27,428   $ 2,211      $ 468,724  
2020
   $ 270,215      ($ 81,151   $ 37,222      ($ 36,960     —       $ 1,238      $ 190,565  
   
Compensation Actually Paid vs. Total Shareholder Return [Text Block]
CAP vs Cumulative TSR
 
As illustrated by the graph, CAP for both our CEO and the
non-CEO
NEOs as a group was generally aligned with the Company’s cumulative TSR over the period presented because a material portion of the total direct compensation awarded to the CEO and other NEOs is in the form of
at-risk,
performance-based awards, and on average constituted approximately 80% of the CEO’s target direct compensation and approximately 58% of the target direct compensation for the other NEOs.
 

 
   
Compensation Actually Paid vs. Net Income [Text Block]
CAP vs Net Income
 
As illustrated by the graph, CAP for both our CEO and the
non-CEO
NEOs as a group was generally aligned with the Company’s net income over the period presented. While the Company does not use net income as a performance measure in the overall executive compensation program, the measure of net income is correlated with the measure EBITDA, which the Company does use when setting goals for the Company’s performance-based restricted stock unit awards to the CEO and the other NEOs.
  

 
   
Compensation Actually Paid vs. Company Selected Measure [Text Block]
CAP vs EBITDA
 
As illustrated by the graph,
CAP
for both our CEO and the
non-CEO
NEOs as a group was aligned with the Company’s EBITDA over the period presented. The Company has determined that EBITDA is the financial performance measure that, in the Company’s assessment, represents the most important performance measure (that is not otherwise required to be disclosed in the table) used by the Company to link CAP to
Company
performance.
  

 
   
Total Shareholder Return Vs Peer Group [Text Block]
 
Company Cumulative TSR vs Peer Group Cumulative TSR
 
As illustrated by the graph, while the Company’s cumulative TSR was generally aligned with the S&P 600 Food Products Index, the Company underperformed in 2020 due to the impact of the
COVID-19
pandemic on the Company’s business. For more information regarding the Company’s performance and the companies that the Compensation Committee considers when determining compensation, refer to “Executive Compensation – Compensation Discussion and Analysis.”
  
 

 
   
Tabular List [Table Text Block]
Financial Performance Measures
As described in greater detail in “Executive Compensation – Compensation Discussion and Analysis,” the Company’s executive compensation program reflects a
pay-for-performance
philosophy. The metrics that the Company uses for both our long-term and short-term incentive awards are based on quantifiable and objective performance goals to incentivize our NEOs to increase the value of our enterprise for our shareholders. The most important financial performance measures used by the Company to link executive compensation actually paid to our NEOs, for the most recently completed fiscal year, to the Company’s performance are as follows:
 
   
EBITDA
 
   
Net Sales
 
   
Earnings per Share
 
   
NOCF (calculated as net cash provided by operating activities divided by average shareholder’s equity)
 
   
Free Cash Flow (calculated as net cash provided by operating activities less net cash used in investing activities)
 
   
Return on Equity (calculated as net income divided by average shareholder’s equity)
   
Total Shareholder Return Amount $ 78.74 81.16 69.66
Peer Group Total Shareholder Return Amount 104.79 108.31 98.07
Net Income (Loss) $ 97,700,000 $ 79,900,000 $ 46,300,000
Company Selected Measure Amount 241.8 206.1 177.4
PEO Name Mr. Abu-Ghazaleh    
Measure [Axis]: 1      
Pay vs Performance Disclosure [Table]      
Measure Name EBITDA    
Measure [Axis]: 2      
Pay vs Performance Disclosure [Table]      
Measure Name Net Sales    
Measure [Axis]: 3      
Pay vs Performance Disclosure [Table]      
Measure Name Earnings per Share    
Measure [Axis]: 4      
Pay vs Performance Disclosure [Table]      
Measure Name NOCF    
Measure [Axis]: 5      
Pay vs Performance Disclosure [Table]      
Measure Name Free Cash Flow    
Measure [Axis]: 6      
Pay vs Performance Disclosure [Table]      
Measure Name Return on Equity    
PEO [Member] | Reported Value of Equity Awards [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ (3,179,283) $ (3,156,854) $ (2,492,463)
PEO [Member] | Equity Award Adjustments [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 2,424,281 3,384,692 757,409
Value of Equity Awards of Equity Awards Granted in the Year 2,662,790 3,174,399 1,761,924
Change in Fair Value of Outstanding and Unvested Equity Awards (109,442) 266,406 (945,548)
Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year 0 0 274,200
Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year (39,811) 100,230 (368,638)
Equity Awards that Failed to Meet Vesting Conditions in the Year (149,551) (163,676) 0
Earnings Paid on Stock or Option Awards not Otherwise Reflected in Fair Value or Total Compensation 60,295 7,333 35,471
Non-PEO NEO [Member] | Reported Value of Equity Awards [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (136,720) (429,688) (381,503)
Non-PEO NEO [Member] | Equity Award Adjustments [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (78,549) 468,724 190,565
Value of Equity Awards of Equity Awards Granted in the Year 226,694 434,433 270,215
Change in Fair Value of Outstanding and Unvested Equity Awards (6,175) 46,389 (81,151)
Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year 0 0 37,222
Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year (449) 13,119 (36,960)
Equity Awards that Failed to Meet Vesting Conditions in the Year (308,609) (27,428) 0
Earnings Paid on Stock or Option Awards not Otherwise Reflected in Fair Value or Total Compensation $ 9,989 $ 2,211 $ 1,238