Segment Reporting

12 Months Ended

Dec. 29, 2012

Segment Reporting

Note 21. Segment Reporting

The company’s DSD segment produces fresh and frozen packaged bread, rolls, tortillas, and snack products and the warehouse segment produces frozen bread and rolls and tortillas and snack products. The company evaluates each segment’s performance based on income or loss before interest and income taxes, excluding unallocated expenses and charges which the company’s management deems to be an overall corporate cost or a cost not reflective of the segments’ core operating businesses. Information regarding the operations in these reportable segments is as follows for fiscal years 2012, 2011 and 2010:

	Fiscal 2012			Fiscal 2011			Fiscal 2010
	(Amounts in thousands)
Sales:
DSD	$	2,541,135		$	2,291,011		$	2,096,100
Warehouse		648,889			618,982			613,627
Eliminations:
Sales from Warehouse to DSD		(111,254	)		(110,870	)		(111,214	)
Sales from DSD to Warehouse		(32,279	)		(25,767	)		(24,744	)
	$	3,046,491		$	2,773,356		$	2,573,769
Depreciation and amortization:
DSD	$	84,290		$	74,378		$	65,977
Warehouse		18,267			19,768			18,985
Other(1)		133			492			156
	$	102,690		$	94,638		$	85,118
Income from operations:
DSD	$	233,196		$	203,248		$	194,972
Warehouse		36,230			27,351			47,925
Other(1)		(50,915	)		(41,573	)		(37,035	)
	$	218,511		$	189,026		$	205,862
Net interest (expense) income	$	(9,739	)	$	2,940		$	4,518
Income before income taxes	$	208,772		$	191,966		$	210,380
Capital expenditures:
DSD	$	52,375		$	61,017		$	69,252
Warehouse		10,809			14,379			24,693
Other(1)		4,075			3,766			4,459
	$	67,259		$	79,162		$	98,404

	As of
	December 29, 2012		December 31, 2011
Assets:
DSD	$	1,638,826	$	1,222,896
Warehouse		245,195		230,711
Other(2)		111,828		100,391
	$	1,995,849	$	1,553,998

(1) Represents the company’s corporate head office amounts and acquisition costs.

(2) Represents the company’s corporate head office assets including primarily cash and cash equivalents, deferred taxes and deferred financing costs.

Sales by product category in each reportable segment are as follows for fiscal years 2012, 2011 and 2010 (amounts in thousands):

	Fiscal 2012						Fiscal 2011						Fiscal 2010
	DSD		Warehouse		Total		DSD		Warehouse		Total		DSD		Warehouse		Total
Branded Retail	$	1,486,725	$	103,739	$	1,590,464	$	1,326,992	$	94,237	$	1,421,229	$	1,194,568	$	110,847	$	1,305,415
Store Branded Retail		426,565		117,899		544,464		373,971		125,690		499,661		327,233		105,173		432,406
Non-retail and Other		595,566		315,997		911,563		564,281		288,185		852,466		549,555		286,393		835,948
Total	$	2,508,856	$	537,635	$	3,046,491	$	2,265,244	$	508,112	$	2,773,356	$	2,071,356	$	502,413	$	2,573,769