Segment Reporting

4 Months Ended

Apr. 22, 2017

Segment Reporting [Abstract]

Segment Reporting

16. SEGMENT REPORTING

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

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 Sixteen Weeks Ended
	April 22, 2017			April 23, 2016
Sales:
DSD Segment	$	1,018,916		$	1,018,348
Warehouse Segment		237,676			248,204
Eliminations:
Sales from Warehouse Segment to DSD Segment		(49,887	)		(42,855	)
Sales from DSD Segment to Warehouse Segment		(19,056	)		(19,345	)
	$	1,187,649		$	1,204,352
Depreciation and amortization:
DSD Segment	$	41,062		$	37,074
Warehouse Segment		6,311			6,278
Unallocated corporate costs(1)		(185	)		115
	$	47,188		$	43,467
Income (loss) from operations:
DSD Segment	$	87,394		$	91,949
Warehouse Segment		44,695			18,741
Unallocated corporate costs(1)		(31,964	)		(15,534	)
	$	100,125		$	95,156
Interest expense	$	(11,625	)	$	(9,068	)
Interest income	$	6,577		$	6,290
Income before income taxes	$	95,077		$	92,378

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

Sales by product category in each reportable segment are as follows for the sixteen weeks ended April 22, 2017 and April 23, 2016, respectively (amounts in thousands):

	For the Sixteen Weeks Ended						For the Sixteen Weeks Ended
	April 22, 2017						April 23, 2016
	DSD Segment		Warehouse Segment		Total		DSD Segment		Warehouse Segment		Total
Branded retail	$	646,103	$	47,475	$	693,578	$	642,058	$	58,322	$	700,380
Store branded retail		137,524		34,500		172,024		132,984		38,262		171,246
Non-retail and other		216,233		105,814		322,047		223,961		108,765		332,726
Total	$	999,860	$	187,789	$	1,187,649	$	999,003	$	205,349	$	1,204,352