SEGMENT REPORTING

6 Months Ended

Jul. 16, 2016

Segment Reporting [Abstract]

SEGMENT REPORTING

16. SEGMENT REPORTING

The company’s DSD Segment primarily produces fresh packaged bread, rolls, tortillas, and snack products and the Warehouse Segment produces fresh and frozen bread and rolls 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 segment’s core operating businesses. Information regarding the operations in these reportable segments is as follows (amounts in thousands):

	For the Twelve Weeks Ended						For the Twenty-Eight Weeks Ended
	July 16, 2016			July 18, 2015			July 16, 2016			July 18, 2015
Sales:
DSD Segment	$	799,890		$	765,822		$	1,818,238		$	1,752,391
Warehouse Segment		184,887			167,012			433,092			391,746
Eliminations:
Sales from Warehouse Segment to DSD    Segment		(35,629	)		(30,186	)		(78,485	)		(75,038	)
Sales from DSD Segment to Warehouse    Segment		(14,123	)		(13,853	)		(33,468	)		(34,259	)
	$	935,025		$	888,795		$	2,139,377		$	2,034,840
Depreciation and amortization:
DSD Segment	$	27,980		$	26,995		$	65,054		$	62,175
Warehouse Segment		4,599			3,591			10,877			8,371
Unallocated corporate costs(1)		19			(118	)		134			(261	)
	$	32,598		$	30,468		$	76,065		$	70,285
Income (loss) from operations:
DSD Segment	$	80,135		$	78,071		$	172,084		$	177,265
Warehouse Segment		15,710			13,976			34,451			30,274
Unallocated corporate costs(1)		(14,410	)		(12,006	)		(29,944	)		(30,960	)
	$	81,435		$	80,041		$	176,591		$	176,579
Interest expense	$	(7,649	)	$	(5,998	)	$	(16,717	)	$	(14,357	)
Interest income	$	4,639		$	5,138		$	10,929		$	11,915
Income before income taxes	$	78,425		$	79,181		$	170,803		$	174,137

(1) Represents costs allocated to the company’s corporate head office.

Sales by product category in each reportable segment are as follows for the twelve and twenty-eight weeks ended July 16, 2016 and July 18, 2015 (amounts in thousands):

	For the Twelve Weeks Ended						For the Twelve Weeks Ended
	July 16, 2016						July 18, 2015
	DSD Segment		Warehouse Segment		Total		DSD Segment		Warehouse Segment		Total
Branded Retail	$	508,066	$	40,020	$	548,086	$	473,111	$	31,122	$	504,233
Store Branded Retail		116,463		29,286		145,749		116,597		26,241		142,838
Non-retail and Other		161,238		79,952		241,190		162,261		79,463		241,724
Total	$	785,767	$	149,258	$	935,025	$	751,969	$	136,826	$	888,795

	For the Twenty-Eight Weeks Ended						For the Twenty-Eight Weeks Ended
	July 16, 2016						July 18, 2015
	DSD Segment		Warehouse Segment		Total		DSD Segment		Warehouse Segment		Total
Branded Retail	$	1,149,695	$	98,287	$	1,247,982	$	1,083,846	$	70,756	$	1,154,602
Store Branded Retail		249,434		67,547		316,981		249,765		61,536		311,301
Non-retail and Other		385,641		188,773		574,414		384,521		184,416		568,937
Total	$	1,784,770	$	354,607	$	2,139,377	$	1,718,132	$	316,708	$	2,034,840