Pay vs Performance Disclosure - USD ($)

12 Months Ended

Dec. 28, 2024

Dec. 30, 2023

Dec. 31, 2022

Jan. 01, 2022

Jan. 02, 2021

FISCAL YEAR	SUMMARY COMPENSATION TABLE TOTAL FOR PEO ($)		COMPENSATION ACTUALLY PAID TO PEO(2) ($)		AVERAGE SUMMARY COMPENSATION TABLE TOTAL FOR NON-PEO NAMED EXECUTIVE OFFICERS ($)		AVERAGE COMPENSATION ACTUALLY PAID TO NON-PEO NAMED EXECUTIVE OFFICERS(2) ($)		VALUE OF INITIAL FIXED $100 INVESTMENT BASED ON:				NET INCOME(5) ($ IN THOUSANDS)		ADJUSTED EBITDA(6) ($ IN THOUSANDS)
FISCAL YEAR	SUMMARY COMPENSATION TABLE TOTAL FOR PEO ($)		COMPENSATION ACTUALLY PAID TO PEO(2) ($)						COMPANY TOTAL SHAREHOLDER RETURN(3) ($)		PEER GROUP TOTAL SHAREHOLDER RETURN(4) ($)		NET INCOME(5) ($ IN THOUSANDS)		ADJUSTED EBITDA(6) ($ IN THOUSANDS)
(a)	(b)		(c)		(d)		(e)		(f)		(g)		(h)		(i)
2024		7,944,533		7,976,508		2,447,335		2,039,106		112.71		113.91		248,116		538,531
2023		6,393,039		4,447,525		2,109,578		1,569,172		118.91		119.68		123,416		501,738
2022		6,255,359		8,123,687		1,836,906		2,359,595		146.14		129.46		228,394		502,030
2021		5,979,905		7,749,481		1,955,812		2,505,445		135.34		118.36		206,187		490,861
2020		5,086,770		5,109,271		2,189,017		2,154,414		107.73		104.67		152,318		521,690

(1)

Our principal executive officer (“PEO”) and non-PEO named executive officers for each fiscal year are shown below:

FISCAL YEAR	PEO, FOR THE FULL YEAR	NON-PEO NAMED EXECUTIVE OFFICERS
2024	Mr. McMullian	Messrs. Kinsey, Thomas, and Varnedoe and Ms. Tillman
2023	Mr. McMullian	Messrs. Kinsey, Thomas, Varnedoe, and Wheeler and Ms. Tillman
2022	Mr. McMullian	Messrs. Kinsey, Wheeler, Bradley K. Alexander and Ms. Tillman
2021	Mr. McMullian	Messrs. Kinsey, Alexander, Wheeler and H. Mark Courtney
2020	Mr. McMullian	Messrs. Kinsey, Alexander, Wheeler and H. Mark Courtney

(2)

For each of fiscal years 2024, 2023, 2022, 2021 and 2020 (each, a “Covered Year”), in determining both the compensation “actually paid” to our PEO and the average compensation “actually paid” to our non-PEO named executive officers for purposes of this Pay Versus Performance table (“PVP Table”), we deducted from or added back to the total amounts of compensation reported in column (b) or column (d), as applicable, for such Covered Year certain amounts. The compensation “actually paid” to our PEO and the average compensation “actually paid” to our non-PEO named executive officers for fiscal year 2024 was computed as follows:

PEO	2024
SUMMARY COMPENSATION TABLE (SCT) TOTAL FOR PEO		$	7,944,533
- change in actuarial present value of pension benefits			—
+ service cost of pension benefits			—
+ prior service cost of pension benefits			—
- SCT “Stock Awards” column value		$	(5,492,059)
- SCT “Option Awards” column value			—
+ Covered Year-end fair value of outstanding equity awards granted in Covered Year		$	4,732,664
+/- change in fair value (from prior year-end to Covered Year-end) of equity awards outstanding at Covered Year-end that were granted in prior years		$	(215,650)
+ vesting date fair value of equity awards granted and vested in Covered Year			—
+/- change in fair value (from prior year-end to vest date in Covered Year) of prior-year equity awards vested in Covered Year		$	526,229
- prior year-end fair value of prior-year equity awards forfeited in Covered Year			—
+ includable dividends/earnings paid on equity awards during Covered Year		$	480,791
COMPENSATION ACTUALLY PAID TO PEO		$	7,976,508

AVERAGE FOR NON-PEO NAMED EXECUTIVE OFFICERS	2024
AVERAGE SCT TOTAL FOR NON-PEO NAMED EXECUTIVE OFFICERS		$	2,447,335
- change in actuarial present value of pension benefits			—
+ service cost of pension benefits			—
+ prior service cost of pension benefits			—
- SCT “Stock Awards” column value		$	(1,161,890)
- SCT “Option Awards” column value			—
+ Covered Year-end fair value of outstanding equity awards granted in Covered Year		$	846,076
+/- change in fair value (from prior year-end to Covered Year-end) of equity awards outstanding at Covered Year-end that were granted in prior years		$	(230,723)
+ vesting date fair value of equity awards granted and vested in Covered Year			—
+/- change in fair value (from prior year-end to vest date in Covered Year) of prior-year equity awards vested in Covered Year		$	69,502
- prior year-end fair value of prior-year equity awards forfeited in Covered Year			—
+ includable dividends/earnings paid on equity awards during Covered Year		$	68,806
AVERAGE COMPENSATION ACTUALLY PAID TO NON-PEO NAMED EXECUTIVE OFFICERS		$	2,039,106

(3)

For each Covered Year, our total shareholder return was calculated as the yearly percentage change in our cumulative total shareholder return on our common stock, par value $0.01 per share, measured as the quotient of (a) the sum of (i) the cumulative amount of dividends for a period beginning with our closing price on NYSE on December 27, 2019 through and including the last day of the fiscal year covered (each one-year, two-year, three-year, four-year, and five-year period, the “Measurement Period”), assuming dividend reinvestment, plus (ii) the difference between our closing stock price at the end versus the beginning of the Measurement Period, divided by (b) our closing share price at the beginning of the Measurement Period. Each of these yearly percentage changes was then applied to a deemed fixed investment of $100 at the beginning of each Measurement Period to produce the Covered Year-end values of such investment as of the end of fiscal 2024, 2023, 2022, 2021 and 2020, as applicable. Because Covered Years are presented in the table in reverse chronical order (from top to bottom), the table should be read from bottom to top for purposes of understanding cumulative returns over time. Our total shareholder return and our peer group total shareholder return (discussed further in footnote 4) for fiscal 2023 have been updated to correct an administrative error.

(4)

For purposes of this pay versus performance disclosure, our peer group is the S&P 500 Packaged Food/Meats Index (the “PVP Peer Group”). For each Covered Year, our PVP Peer Group cumulative total shareholder return was calculated based on a deemed fixed investment of $100 in the index through each Measurement Period, assuming dividend reinvestment.

(5)

Net income is calculated in accordance with GAAP.

(6)

Adjusted EBITDA is calculated as described in Appendix A.

Company Selected Measure Name

Adjusted EBITDA

Named Executive Officers, Footnote

(1)

Our principal executive officer (“PEO”) and non-PEO named executive officers for each fiscal year are shown below:

FISCAL YEAR	PEO, FOR THE FULL YEAR	NON-PEO NAMED EXECUTIVE OFFICERS
2024	Mr. McMullian	Messrs. Kinsey, Thomas, and Varnedoe and Ms. Tillman
2023	Mr. McMullian	Messrs. Kinsey, Thomas, Varnedoe, and Wheeler and Ms. Tillman
2022	Mr. McMullian	Messrs. Kinsey, Wheeler, Bradley K. Alexander and Ms. Tillman
2021	Mr. McMullian	Messrs. Kinsey, Alexander, Wheeler and H. Mark Courtney
2020	Mr. McMullian	Messrs. Kinsey, Alexander, Wheeler and H. Mark Courtney

Peer Group Issuers, Footnote

(4)

PEO Total Compensation Amount

$ 7,944,533

$ 6,393,039

$ 6,255,359

$ 5,979,905

$ 5,086,770

PEO Actually Paid Compensation Amount

$ 7,976,508

4,447,525

8,123,687

7,749,481

5,109,271

Adjustment To PEO Compensation, Footnote

PEO	2024
SUMMARY COMPENSATION TABLE (SCT) TOTAL FOR PEO		$	7,944,533
- change in actuarial present value of pension benefits			—
+ service cost of pension benefits			—
+ prior service cost of pension benefits			—
- SCT “Stock Awards” column value		$	(5,492,059)
- SCT “Option Awards” column value			—
+ Covered Year-end fair value of outstanding equity awards granted in Covered Year		$	4,732,664
+/- change in fair value (from prior year-end to Covered Year-end) of equity awards outstanding at Covered Year-end that were granted in prior years		$	(215,650)
+ vesting date fair value of equity awards granted and vested in Covered Year			—
+/- change in fair value (from prior year-end to vest date in Covered Year) of prior-year equity awards vested in Covered Year		$	526,229
- prior year-end fair value of prior-year equity awards forfeited in Covered Year			—
+ includable dividends/earnings paid on equity awards during Covered Year		$	480,791
COMPENSATION ACTUALLY PAID TO PEO		$	7,976,508

Non-PEO NEO Average Total Compensation Amount

$ 2,447,335

2,109,578

1,836,906

1,955,812

2,189,017

Non-PEO NEO Average Compensation Actually Paid Amount

$ 2,039,106

1,569,172

2,359,595

2,505,445

2,154,414

Adjustment to Non-PEO NEO Compensation Footnote

AVERAGE FOR NON-PEO NAMED EXECUTIVE OFFICERS	2024
AVERAGE SCT TOTAL FOR NON-PEO NAMED EXECUTIVE OFFICERS		$	2,447,335
- change in actuarial present value of pension benefits			—
+ service cost of pension benefits			—
+ prior service cost of pension benefits			—
- SCT “Stock Awards” column value		$	(1,161,890)
- SCT “Option Awards” column value			—
+ Covered Year-end fair value of outstanding equity awards granted in Covered Year		$	846,076
+/- change in fair value (from prior year-end to Covered Year-end) of equity awards outstanding at Covered Year-end that were granted in prior years		$	(230,723)
+ vesting date fair value of equity awards granted and vested in Covered Year			—
+/- change in fair value (from prior year-end to vest date in Covered Year) of prior-year equity awards vested in Covered Year		$	69,502
- prior year-end fair value of prior-year equity awards forfeited in Covered Year			—
+ includable dividends/earnings paid on equity awards during Covered Year		$	68,806
AVERAGE COMPENSATION ACTUALLY PAID TO NON-PEO NAMED EXECUTIVE OFFICERS		$	2,039,106

Compensation Actually Paid vs. Total Shareholder Return

	RELATIONSHIP BETWEEN COMPENSATION ACTUALLY PAID AND TOTAL SHAREHOLDER RETURN AND BETWEEN TOTAL SHAREHOLDER RETURN OF THE COMPANY AND PVP PEER GROUP

Compensation Actually Paid vs. Net Income

	RELATIONSHIP BETWEEN COMPENSATION ACTUALLY PAID AND NET INCOME

Compensation Actually Paid vs. Company Selected Measure

	RELATIONSHIP BETWEEN COMPENSATION ACTUALLY PAID AND ADJUSTED EBITDA

Total Shareholder Return Vs Peer Group

	RELATIONSHIP BETWEEN COMPENSATION ACTUALLY PAID AND TOTAL SHAREHOLDER RETURN AND BETWEEN TOTAL SHAREHOLDER RETURN OF THE COMPANY AND PVP PEER GROUP

Tabular List, Table

The following table lists the financial performance measures that we believe represent the most important financial performance measures we used to link compensation actually paid to our Named Executives for fiscal 2024 to our performance: