Segment Reporting

12 Months Ended

Dec. 31, 2016

Segment Reporting [Abstract]

Segment Reporting

Note 22. Segment Reporting

The company’s DSD Segment primarily produces fresh packaged breads, buns, rolls, tortillas, and snack cakes and the Warehouse Segment produces fresh and frozen bread and rolls and snack cakes.

The company purchased DKB and Alpine during fiscal 2015, See Note 8, Acquisitions, for more detailed disclosures for these acquisitions.  DKB is included in our DSD Segment and Alpine is included in our Warehouse Segment.  Their results from operations and impact on our total assets are included in the tables below in their respective segment.  

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 of these segments is as follows for fiscal years 2016, 2015, and 2014 (amounts in thousands):

	Fiscal 2016			Fiscal 2015			Fiscal 2014
Sales:
DSD Segment	$	3,347,616		$	3,242,482		$	3,227,695
Warehouse Segment		787,233			733,170			723,541
Eliminations:
Sales from Warehouse Segment to DSD Segment		(144,525	)		(134,013	)		(130,175	)
Sales from DSD Segment to Warehouse Segment		(63,439	)		(63,134	)		(72,088	)
	$	3,926,885		$	3,778,505		$	3,748,973
Impairment of assets:
DSD Segment	$	24,877		$	3,771		$	10,308
Warehouse Segment		—			—			—
Other(1)		—			—			—
	$	24,877		$	3,771		$	10,308
Depreciation and amortization:
DSD Segment	$	120,009		$	115,801		$	113,881
Warehouse Segment		20,138			16,734			15,166
Other(1)		722			(360	)		(86	)
	$	140,869		$	132,175		$	128,961
Income from operations:
DSD Segment	$	260,495		$	302,361		$	284,231
Warehouse Segment		58,465			55,266			51,451
Other(1)		(55,070	)		(59,748	)		(60,287	)
	$	263,890		$	297,879		$	275,395
Interest expense	$	34,905		$	26,815		$	28,288
Interest income	$	(20,552	)	$	(21,967	)	$	(20,947	)
Income before income taxes	$	249,537		$	293,031		$	268,054
Capital expenditures:
DSD Segment	$	61,669		$	72,148		$	73,454
Warehouse Segment		16,792			9,596			6,468
Other(1)		23,266			9,029			3,856
	$	101,727		$	90,773		$	83,778

	December 31, 2016		January 2, 2016
Assets:
DSD Segment	$	2,344,616	$	2,409,902
Warehouse Segment		330,006		334,029
Other (2)		86,446		100,120
	$	2,761,068	$	2,844,051

(1) Represents the company’s corporate head office amounts, acquisition costs, and the fiscal 2016 and fiscal 2014 pension settlement losses.

(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 2016, 2015, and 2014 (amounts in thousands):

	Fiscal 2016						Fiscal 2015						Fiscal 2014
	Total		DSD Segment		Warehouse Segment		Total		DSD Segment		Warehouse Segment		Total		DSD Segment		Warehouse Segment
Branded retail	$	2,282,892	$	2,113,595	$	169,297	$	2,151,514	$	2,011,433	$	140,081	$	2,102,028	$	1,971,851	$	130,177
Store branded retail		582,523		464,705		117,818		571,827		457,467		114,360		608,617		486,886		121,731
Non-retail and other		1,061,470		705,877		355,593		1,055,164		710,448		344,716		1,038,328		696,870		341,458
Total	$	3,926,885	$	3,284,177	$	642,708	$	3,778,505	$	3,179,348	$	599,157	$	3,748,973	$	3,155,607	$	593,366