Acquisition (Tables)

4 Months Ended

Apr. 19, 2025

Business Combinations [Abstract]

Summary of Consideration Paid and Identifiable Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary fair value of purchase consideration paid for Simple Mills and the preliminary allocation of the purchase consideration to the assets acquired and liabilities assumed based on their estimated fair value. The goodwill, identifiable intangible assets, taxes, and certain other assets and liabilities and post-close purchase price adjustments are still under review. When all relevant information is obtained, resulting changes, if any, to our provisional purchase price allocation will be adjusted to reflect new information obtained about the facts and circumstances that existed as of the respective acquisition date that, if known, would have affected the measurement of the amounts recognized as of those dates.

Fair value of consideration transferred:
Cash consideration paid at closing	$	830,713
Payable to seller		17,824
Total consideration	$	848,537
Recognized amounts of identifiable assets acquired and    liabilities assumed:
Cash and cash equivalents	$	38,833
Accounts receivable, net of allowances		18,065
Inventories		19,612
Property, plant, and equipment		1,729
Operating lease right-of-use assets		1,668
Customer relationships		173,100
Trademarks - infinite-lived		334,300
Other financial assets		1,936
Total identifiable assets acquired	$	589,243
Current maturities of operating leases		1,172
Accounts payable		14,702
Other financial liabilities		7,621
Deferred income taxes, net		104,098
Total liabilities assumed	$	127,593
Total identifiable net assets acquired	$	461,650
Goodwill	$	386,887

Schedule of Acquired Intangible Assets Subject to Amortization

The following table presents the acquired intangible assets subject to amortization (amounts in thousands, except amortization periods):

	Total		Amortization years	Amortization Method
Customer relationships	$	173,100	17	Straight-line
Trademarks		334,300	Indefinite	N/A
Total intangible assets	$	507,400

Schedule of Supplemental Pro Forma Revenue And Net Earnings of The Combined Entity Had The Acquisition Date

The following table provides the supplemental pro forma net sales and net income of the combined entity had the acquisition date of Simple Mills been December 31, 2023, the first day of Fiscal 2024 (amounts in thousands):

	For the Sixteen Weeks Ended
	April 19, 2025		April 20, 2024
Net sales	$	1,590,117	$	1,630,003
Net income attributable to Flowers Foods	$	58,711	$	52,026