10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q

(Mark One)

x Quarterly Report Pursuant to Section 13 or 15(d) of the Securities and Exchange Act of 1934

For the Quarterly Period Ended June 30, 2014.

or

¨ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the Transition Period from                     to                    

Commission File Number 001-32504

TreeHouse Foods, Inc.

(Exact name of the registrant as specified in its charter)

Delaware	20-2311383
(State or other jurisdiction of incorporation or organization)	(I.R.S. employer identification no.)

2021 Spring Road, Suite 600
Oak Brook, IL	60523
(Address of principal executive offices)	(Zip Code)

(Registrant’s telephone number, including area code) (708) 483-1300

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No  ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  x    No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	x	Accelerated filer	¨
Non-accelerated filer	¨  (Do not check if a smaller reporting company)	Smaller reporting Company	¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ¨    No  x

Number of shares of Common Stock, $0.01 par value, outstanding as of July 31, 2014: 42,069,075

Table of Contents

	Page
Part I — Financial Information
Item 1 — Financial Statements (Unaudited)		3
Item 2 — Management’s Discussion and Analysis of Financial Condition and Results of Operations		33
Item 3 — Quantitative and Qualitative Disclosures About Market Risk		47
Item 4 — Controls and Procedures		48
Report of Independent Registered Public Accounting Firm		49
Part II — Other Information
Item 1 — Legal Proceedings		50
Item 1A — Risk Factors		50
Item 5 — Other Information		50
Item 6 — Exhibits		50
Signatures		51

2

Part I — Financial Information

Item 1. Financial Statements

TREEHOUSE FOODS, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands, except per share data)

	June 30, 2014			December 31, 2013
	(Unaudited)
Assets
Current assets:
Cash and cash equivalents	$	17,013		$	46,475
Investments		9,386			8,680
Receivables, net		154,888			152,763
Inventories, net		498,933			405,698
Deferred income taxes		13,233			21,909
Prepaid expenses and other current assets		25,487			14,164
Total current assets		718,940			649,689
Property, plant and equipment, net		496,671			462,275
Goodwill		1,163,964			1,119,204
Intangible assets, net		512,376			475,756
Other assets, net		20,405			14,130
Total assets	$	2,912,356		$	2,721,054
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable and accrued expenses	$	288,918		$	238,813
Current portion of long-term debt		3,939			1,551
Total current liabilities		292,857			240,364
Long-term debt		1,016,576			938,945
Deferred income taxes		240,644			228,569
Other long-term liabilities		25,830			40,058
Total liabilities		1,575,907			1,447,936
Commitments and contingencies (Note 18)
Stockholders’ equity:
Preferred stock, par value $0.01 per share, 10,000 shares authorized, none issued		—			—
Common stock, par value $0.01 per share, 90,000 shares authorized, 37,072 and 36,493 shares issued and outstanding, respectively		371			365
Additional paid-in capital		776,615			748,577
Retained earnings		592,021			555,939
Accumulated other comprehensive loss		(32,558	)		(31,763	)
Total stockholders’ equity		1,336,449			1,273,118
Total liabilities and stockholders’ equity	$	2,912,356		$	2,721,054

See Notes to Condensed Consolidated Financial Statements.

3

TREEHOUSE FOODS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(In thousands, except per share data)

	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014			2013
	(Unaudited)						(Unaudited)
Net sales	$	627,960		$	526,346		$	1,246,863		$	1,066,456
Cost of sales		492,283			416,778			978,195			842,716
Gross profit		135,677			109,568			268,668			223,740
Operating expenses:
Selling and distribution		39,594			31,394			77,611			63,796
General and administrative		40,610			29,106			74,378			56,579
Other operating expense (income), net		365			(136	)		1,238			1,282
Amortization expense		10,532			8,227			20,566			16,726
Total operating expenses		91,101			68,591			173,793			138,383
Operating income		44,576			40,977			94,875			85,357
Other expense (income):
Interest expense		9,001			12,230			19,874			25,008
Interest income		(413	)		(322	)		(581	)		(1,000	)
(Gain) loss on foreign currency exchange		(4,099	)		841			(1,148	)		480
Loss on extinguishment of debt		5,259			—			21,944			—
Other expense (income), net		1,088			345			1,003			(368	)
Total other expense		10,836			13,094			41,092			24,120
Income before income taxes		33,740			27,883			53,783			61,237
Income taxes		11,981			9,318			17,702			19,698
Net income	$	21,759		$	18,565		$	36,081		$	41,539
Net earnings per common share:
Basic	$	.59		$	.51		$	.98		$	1.14
Diluted	$	.57		$	.50		$	.95		$	1.11
Weighted average common shares:
Basic		36,961			36,337			36,822			36,323
Diluted		37,990			37,373			37,861			37,312

See Notes to Condensed Consolidated Financial Statements.

4

TREEHOUSE FOODS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(In thousands)

	Three Months Ended June 30,					Six Months Ended June 30,
	2014		2013			2014			2013
	(Unaudited)					(Unaudited)
Net income	$	21,759	$	18,565		$	36,081		$	41,539
Other comprehensive income (loss):
Foreign currency translation adjustments		10,906		(11,609	)		(1,001	)		(19,467	)
Pension and post-retirement reclassification adjustment (1)		103		349			206			759
Derivative reclassification adjustment (2)		—		41			—			81
Other comprehensive income (loss)		11,009		(11,219	)		(795	)		(18,627	)
Comprehensive income	$	32,768	$	7,346		$	35,286		$	22,912

(1) Net of tax of $65 and $217 for the three months ended June 30, 2014 and 2013, respectively, and $129 and $435 for the six months ended June 30, 2014 and 2013, respectively.

(2) Net of tax of $25 for the three months ended June 30, 2013 and $51 for the six months ended June 30, 2013.

See Notes to Condensed Consolidated Financial Statements.

5

TREEHOUSE FOODS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

	Six Months Ended June 30,
	2014			2013
	(Unaudited)
Cash flows from operating activities:
Net income	$	36,081		$	41,539
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation		32,091			38,412
Amortization		20,566			16,726
Stock-based compensation		9,699			7,108
Excess tax benefits from stock-based compensation		(8,681	)		(1,097	)
Loss on extinguishment of debt		21,944			—
Mark to market gain on derivative contracts		(170	)		(499	)
Mark to market gain on investments		(421	)		(389	)
Loss (gain) on disposition of assets		534			(231	)
Deferred income taxes		(1,106	)		2,138
Other		1,636			557
Changes in operating assets and liabilities, net of acquisitions:
Receivables		10,034			7,730
Inventories		(55,544	)		(43,488	)
Prepaid expenses and other assets		(10,228	)		(4,728	)
Accounts payable, accrued expenses and other liabilities		26,958			6,264
Net cash provided by operating activities		83,393			70,042
Cash flows from investing activities:
Additions to property, plant and equipment		(30,489	)		(35,641	)
Additions to other intangible assets		(5,400	)		(3,255	)
Acquisitions, less cash acquired		(140,835	)		—
Proceeds from sale of fixed assets		527			1,072
Purchase of investments		(353	)		(7,585	)
Proceeds from sale of investments		63			—
Net cash used in investing activities		(176,487	)		(45,409	)
Cash flows from financing activities:
Borrowings under Revolving Credit Facility		467,300			111,800
Payments under Revolving Credit Facility		(693,612	)		(195,800	)
Proceeds from issuance of Term Loan		300,000			—
Proceeds from issuance of 2022 Notes		400,000			—
Payments on 2018 Notes		(400,000	)		—
Payments on capitalized lease obligations and other debt		(880	)		(1,149	)
Payment of deferred financing costs		(12,869	)		—
Payment of debt premium for extinguishment of debt		(16,693	)		—
Net receipts (payments) related to stock-based award activities		9,411			(1,192	)
Excess tax benefits from stock-based compensation		8,681			1,097
Net cash provided by (used in) financing activities		61,338			(85,244	)
Effect of exchange rate changes on cash and cash equivalents		2,294			(5,451	)
Net decrease in cash and cash equivalents		(29,462	)		(66,062	)
Cash and cash equivalents, beginning of period		46,475			94,407
Cash and cash equivalents, end of period	$	17,013		$	28,345

See Notes to Condensed Consolidated Financial Statements.

6

TREEHOUSE FOODS, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

As of and for the six months ended June 30, 2014

(Unaudited)

1. Basis of Presentation

The unaudited Condensed Consolidated Financial Statements included herein have been prepared by TreeHouse Foods, Inc. (the “Company,” “we,” “us,” or “our”), pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) applicable to quarterly reporting on Form 10-Q. In our opinion, these statements include all adjustments necessary for a fair presentation of the results of all interim periods reported herein. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted as permitted by such rules and regulations. The Condensed Consolidated Financial Statements and related notes should be read in conjunction with the Consolidated Financial Statements and related notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2013. Results of operations for interim periods are not necessarily indicative of annual results.

On May 30, 2014, the Company completed its acquisition of all of the outstanding shares of Protenergy Natural Foods Corporation (“Protenergy”), a privately owned Canadian manufacturer of private label broth, soups, and gravies. The results of operations are included in our financial statements from the date of acquisition and are included in the North American Retail Grocery and Industrial and Export segments.

The preparation of our Condensed Consolidated Financial Statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires us to use our judgment to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosures of contingent assets and liabilities at the date of the Condensed Consolidated Financial Statements, and the reported amounts of net sales and expenses during the reporting period. Actual results could differ from these estimates.

A detailed description of the Company’s significant accounting policies can be found in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2013.

2. Recent Accounting Pronouncements

In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers, which introduced a new framework to be used when recognizing revenue in an attempt to reduce complexity and increase comparability of revenue recognition practices across entities, industries, jurisdictions, and capital markets. The ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2016. The standard requires that entities apply the effects of these changes to all prior years presented, upon adoption, using either the retrospective method, which presents the impact of the change in each year presented, or the cumulative method, which includes the changes to all years presented in the year of initial adoption. The Company has not yet determined which of the two adoption methods to elect. The Company is currently assessing the impact that this standard will have upon adoption.

In February 2013, the FASB issued ASU No. 2013-04, Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation is Fixed at the Reporting Date, clarifying how entities are required to measure obligations resulting from joint and several liability arrangements and outlining the required disclosures around these liabilities. The ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. See Note 11, Long-Term Debt, for related disclosures. The Company adopted this standard during the first quarter of 2014, the impact of which was not significant.

7

TREEHOUSE FOODS, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

3. Restructuring

Soup restructuring — In August of 2012, following a strategic review of the soup category, the Company announced a restructuring plan that included reductions to the cost structure of the Pittsburgh, Pennsylvania facility by reorganizing and simplifying the soup business there and the closure of its Mendota, Illinois soup plant. The restructuring is expected to reduce manufacturing costs by streamlining operations and transferring production from the Mendota plant to the Pittsburgh plant. Production at the Mendota facility was primarily related to the North American Retail Grocery segment and ended as of December 31, 2012, with full plant closure in the second quarter of 2013. Total costs of the restructuring are expected to be approximately $28.0 million as detailed below, of which $5.4 million is expected to be in cash. Expenses associated with the restructuring plan are primarily aggregated in the Other operating expense, net line of the Condensed Consolidated Statements of Income, with the exception of accelerated depreciation, which is recorded in Cost of sales.

Below is a summary of the restructuring costs:

	Soup Restructuring
	Three Months Ended June 30, 2014		Six Months Ended June 30, 2014		Cumulative Costs To Date		Total Expected Costs
	(In thousands)
Accelerated depreciation	$	—	$	—	$	22,590	$	22,590
Severance and outplacement		—		—		769		769
Other closure costs		353		1,153		2,824		4,636
Total	$	353	$	1,153	$	26,183	$	27,995

	Soup Restructuring
	Three Months Ended June 30, 2013			Six Months Ended June 30, 2013			Cumulative Costs To Date
	(In thousands)
Accelerated depreciation	$	5,833		$	9,981		$	16,684
Severance and outplacement		(44	)		(12	)		745
Other closure costs		(536	)		218			798
Total	$	5,253		$	10,187		$	18,227

8

TREEHOUSE FOODS, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

Seaforth, Ontario, Canada — On August 7, 2012, the Company announced the closure of its salad dressing plant in Seaforth, Ontario, Canada, and the transfer of production to facilities where the Company has lower production costs. Production at the Seaforth, Ontario facility was primarily related to the North American Retail Grocery segment and ended in the fourth quarter of 2013, with full plant closure occurring in the first quarter of 2014. Total costs to close the Seaforth facility are expected to be approximately $13.2 million as detailed below, of which $6.2 million is in cash. Expenses incurred associated with the facility closure are primarily aggregated in the Other operating expense, net line of the Condensed Consolidated Statements of Income. Certain costs, primarily accelerated depreciation, are recorded in Cost of sales. This restructuring is substantially complete.

Below is a summary of the restructuring costs:

	Seaforth Closure
	Three Months Ended June 30, 2014		Six Months Ended June 30, 2014		Cumulative Costs To Date		Total Expected Costs
	(In thousands)
Accelerated depreciation	$	—	$	—	$	6,582	$	6,582
Severance and outplacement		—		5		2,889		2,889
Other closure costs		8		11		3,739		3,753
Total	$	8	$	16	$	13,210	$	13,224

	Seaforth Closure
	Three Months Ended June 30, 2013		Six Months Ended June 30, 2013		Cumulative Costs To Date
	(In thousands)
Accelerated depreciation	$	1,356	$	2,716	$	6,724
Severance and outplacement		200		496		2,745
Other closure costs		874		1,347		1,825
Total	$	2,430	$	4,559	$	11,294

4. Acquisitions

On May 30, 2014, the Company completed its acquisition of all of the outstanding shares of PFF Capital Group, Inc. (“Protenergy”), a privately owned Canadian based manufacturer of broth, soups and gravies. Protenergy specializes in providing products in carton and recart packaging for both private label and corporate brands, and also serves as a co-manufacturer of national brands. The purchase price was approximately CAD $170 million, net of acquired cash, before any adjustments for working capital. The acquisition was financed through borrowings under the Company’s revolving credit facility (the “Revolving Credit Facility”). The acquisition is expected to expand our existing packaging capabilities and enable us to offer customers a full range of soup products as well as leverage our research and development capabilities in the evolution of shelf stable liquids from cans to cartons.

The Protenergy acquisition is being accounted for under the acquisition method of accounting and the results of operations are included in our financial statements from the date of acquisition and are in the North American Retail Grocery and Industrial and Export segments. Included in the Company’s Condensed Consolidated Statements of Income are Protenergy’s net sales of approximately $10.7 million from the date of acquisition through June 30, 2014. Also included is a net loss of $3.0 million from the date of acquisition through June 30, 2014. This loss includes integration costs of $4.4 million. At the date of acquisition, the purchase price was allocated to the assets and liabilities acquired based upon fair market values, and is subject to adjustments.

9

TREEHOUSE FOODS, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

We have made a preliminary allocation to net tangible and intangible assets acquired and liabilities assumed as follows (in USD):

	(In thousands)
Cash	$	2,580
Receivables		10,949
Inventory		38,283
Property plant and equipment		38,075
Customer relationships		49,516
Capitalized software		1,498
Formulas		433
Other assets		8,669
Goodwill		45,916
Fair value of assets acquired		195,919
Assumed liabilities		(45,095	)
Total purchase price	$	150,824

The Company allocated $49.5 million to customer relationships that have an estimated life of 15 years and $0.4 million to formulas with an estimated life of 5 years. The Company has allocated $34.4 million of goodwill to the North American Retail Grocery segment and $11.5 million of goodwill to the Industrial and Export segment. Goodwill arises principally as a result of expansion opportunities, driven in part by Protenergy’s packaging technology. The Company incurred approximately $2.7 million in acquisition related costs. These costs are included in the General and administrative expense line of the Condensed Consolidated Statements of Income. The allocation to net tangible and intangible assets acquired and liabilities assumed is preliminary and subject to change for working capital adjustments, taxes and completion of the valuation analysis of certain intangibles. We expect the intangible valuation to be complete during the third quarter.

The following unaudited pro forma information shows the results of operations for the Company as if the acquisition of Protenergy had been completed as of January 1, 2013. Adjustments have been made for the pro forma effects of depreciation and amortization of tangible and intangible assets recognized as part of the business combination, interest expense related to the financing of the business combinations, and related income taxes. These pro forma results may not necessarily reflect actual results of operations that would have been achieved, nor are they necessarily indicative of future results of operations.

	Six Months Ended June 30,
	2014		2013
	(In thousands, except per share data)
Pro forma net sales	$	1,307,621	$	1,108,286
Pro forma net income	$	28,526	$	34,510
Pro forma basic earnings per common share	$	.77	$	.95
Pro forma diluted earnings per common share	$	.75	$	.92

The Company acquired all of the outstanding equity interests of Associated Brands Management Holdings Inc., Associated Brands Holdings Limited Partnership, Associated Brands GP Corporation and 6726607 Canada Ltd. (collectively, “Associated Brands”) from TorQuest Partners LLC and other shareholders in October of 2013. Associated Brands was a privately owned Canadian company and a private label manufacturer of powdered drinks, specialty teas, and sweeteners. The purchase price, after adjusting for working capital, was approximately CAD $191 million. The acquisition was financed through cash on hand and borrowings under the Company’s Prior Credit Agreement (as defined in Note 11). The acquisition of Associated Brands strengthened the Company’s retail presence in the private label dry grocery segment and introduced a line of specialty tea products to complement its single serve coffee business, and was accounted for under the acquisition method of accounting. At the date of acquisition, the purchase price was allocated to the assets and liabilities acquired based upon fair market values, and is subject to adjustments, primarily for taxes. During the first quarter of 2014, the working capital adjustment was finalized and resulted in a CAD $1.4 million reduction to goodwill.

10

TREEHOUSE FOODS, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

The following unaudited pro forma information shows the results of operations for the Company as if the acquisition of Associated Brands had been completed as of January 1, 2013. Adjustments have been made for the pro forma effects of depreciation and amortization of tangible and intangible assets recognized as part of the business combination, interest expense related to the financing of the business combinations, and related income taxes. These pro forma results may not necessarily reflect actual results of operations that would have been achieved, nor are they necessarily indicative of future results of operations.

	Six Months Ended June 30,
	2013
	(In thousands) (except per share data)
Pro forma net sales	$	1,166,062
Pro forma net income	$	45,154
Pro forma basic earnings per common share	$	1.24
Pro forma diluted earnings per common share	$	1.21

On July 1, 2013, the Company completed its acquisition of all of the outstanding shares of Cains Foods, L.P. (“Cains”), a privately owned Ayer, Massachusetts based manufacturer of shelf stable mayonnaise, dressings, and sauces. The Cains product portfolio offers retail and foodservice customers a wide array of packaging sizes, sold as private label and branded products. The purchase price was approximately $35 million, net of acquired cash, after adjusting for working capital and taxes. The acquisition was financed throughborrowings under the Company’s Prior Credit Agreement. The acquisition expanded the Company’s footprint in the Northeast United States, enhanced its foodservice presence, and enriched its packaging capabilities. The acquisition was accounted for under the acquisition method of accounting and the results of operations are included in our financial statements from the date of acquisition.

5. Investments

	June 30, 2014		December 31, 2013
	(In thousands)
U.S. equity	$	5,786	$	5,254
Non-U.S. equity		1,796		1,669
Fixed income		1,804		1,757
Total investments	$	9,386	$	8,680

We determine the appropriate classification of our investments at the time of purchase and reevaluate such designation as of each balance sheet date. The Company accounts for investments in debt and marketable equity securities as held-to-maturity, available-for-sale, or trading, depending on their classification. The investments held by the Company are classified as trading securities and are stated at fair value, with changes in fair value recorded as a component of the Interest income line on the Condensed Consolidated Statements of Income. Cash flows from purchases, sales and maturities of trading securities are included in cash flows from investing activities in the Condensed Consolidated Statements of Cash Flows based on the nature and purpose for which the securities were acquired.

Our investments are considered trading securities and include U.S. equity, non-U.S. equity and fixed income securities that are classified as short-term investments and carried at fair value on the Condensed Consolidated Balance Sheets. The U.S. equity, non-U.S. equity, and fixed income securities are classified as short-term investments as they have characteristics of other current assets and are actively managed.

For the six months ended June 30, 2014, we recognized net unrealized gains totaling $0.4 million that are included in the Interest income line of the Condensed Consolidated Statements of Income. For the three months ended June 30, 2014, we recognized $0.3 million of net unrealized gains. Additionally, for the six months ended June 30, 2014, we recognized realized gains totaling $0.1 million that are included in the Interest income line of the Condensed Consolidated Statements of Income, while realized gains for the three months ended June 30, 2014 that were insignificant. When securities are sold, their cost is determined based on the first-in, first-out method.

We consider temporary cash investments with an original maturity of three months or less to be cash equivalents. As of June 30, 2014 and December 31, 2013, $14.3 million and $19.3 million, respectively, represents cash and equivalents held in Canada in local currency, and are convertible into other currencies. The cash and equivalents held in Canada are expected to be used for general corporate purposes in Canada, including capital projects and acquisitions.

11

TREEHOUSE FOODS, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

6. Inventories

	June 30, 2014			December 31, 2013
	(In thousands)
Raw materials and supplies	$	189,281		$	162,751
Finished goods		331,236			264,829
LIFO reserve		(21,584	)		(21,882	)
Total	$	498,933		$	405,698

Approximately $83.1 million and $84.6 million of our inventory was accounted for under the Last-in, First-out (“LIFO”) method of accounting at June 30, 2014 and December 31, 2013, respectively.

7. Property, Plant and Equipment

	June 30, 2014			December 31, 2013
	(In thousands)
Land	$	26,123		$	26,492
Buildings and improvements		197,883			194,439
Machinery and equipment		584,334			536,256
Construction in progress		40,348			43,146
Total		848,688			800,333
Less accumulated depreciation		(352,017	)		(338,058	)
Property, plant and equipment, net	$	496,671		$	462,275

Depreciation expense was $15.1 million and $20.0 million for the three months ended June 30, 2014 and 2013, respectively, and $32.1 million and $38.4 million for the six months ended June 30, 2014 and 2013, respectively.

8. Goodwill and Intangible Assets

Changes in the carrying amount of goodwill for the six months ended June 30, 2014 are as follows:

	North American Retail Grocery			Food Away From Home			Industrial and Export			Total
	(In thousands)
Balance at December 31, 2013	$	884,768		$	95,572		$	138,864		$	1,119,204
Acquisition		34,437			—			11,479			45,916
Purchase price adjustments		(974	)		(54	)		(115	)		(1,143	)
Currency exchange adjustment		(66	)		(45	)		98			(13	)
Balance at June 30, 2014	$	918,165		$	95,473		$	150,326		$	1,163,964

The Company has not incurred any goodwill impairments since its inception.

12

TREEHOUSE FOODS, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

The gross carrying amount and accumulated amortization of intangible assets other than goodwill as of June 30, 2014 and December 31, 2013 are as follows:

	June 30, 2014							December 31, 2013
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
	(In thousands)							(In thousands)
Intangible assets with indefinite lives:
Trademarks	$	30,990	$	—		$	30,990	$	31,067	$	—		$	31,067
Intangible assets with finite lives:
Customer-related		575,783		(148,375	)		427,408		525,820		(133,063	)		392,757
Contractual agreements		1,246		(171	)		1,075		1,249		(87	)		1,162
Trademarks		26,459		(8,028	)		18,431		26,466		(7,164	)		19,302
Formulas/recipes		9,317		(6,396	)		2,921		8,882		(5,708	)		3,174
Computer software		58,054		(26,503	)		31,551		51,087		(22,793	)		28,294
Total	$	701,849	$	(189,473	)	$	512,376	$	644,571	$	(168,815	)	$	475,756

Amortization expense on intangible assets for the three months ended June 30, 2014 and 2013 was $10.5 million and $8.2 million, respectively, and $20.6 million and $16.7 million for the six months ended June 30, 2014 and 2013, respectively. Estimated amortization expense on intangible assets for 2014 and the next four years is as follows:

	(In thousands)
2014	$	43,802
2015	$	43,390
2016	$	42,577
2017	$	41,850
2018	$	36,494

9. Accounts Payable and Accrued Expenses

	June 30, 2014		December 31, 2013
	(In thousands)
Accounts payable	$	218,941	$	154,378
Payroll and benefits		37,120		40,155
Interest and taxes		10,154		22,190
Health insurance, workers’ compensation and other insurance costs		8,192		8,164
Marketing expenses		6,924		7,568
Other accrued liabilities		7,587		6,358
Total	$	288,918	$	238,813

13

TREEHOUSE FOODS, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

10. Income Taxes

Income tax expense was recorded at an effective rate of 35.5% and 32.9% for the three and six months ended June 30, 2014, respectively, compared to 33.4% and 32.2% for the three and six months ended June 30, 2013, respectively. The Company’s effective tax rate is favorably impacted by an intercompany financing structure entered into in conjunction with the E.D. Smith Foods, Ltd. (“E.D. Smith”) acquisition in 2007. The increase in the effective tax rate for the three and six months ended June 30, 2014 as compared to 2013 is attributable to an increase in state tax expense, acquisition related expenses that are not deductible for tax purposes, and the tax impact of a shift in revenue between jurisdictions.

During the second quarter of 2014, the IRS initiated an examination of TreeHouse Foods’ 2012 tax year. The Canadian Revenue Agency (“CRA”) is currently examining the 2008 through 2012 tax years of E.D. Smith. The IRS and CRA examinations are expected to be completed in 2014 or 2015. The Company has examinations in process with various state taxing authorities, which are expected to be completed in 2014 or 2015.

Management estimates that it is reasonably possible that the total amount of unrecognized tax benefits could decrease by as much as $0.6 million within the next 12 months, primarily as a result of the resolution of audits currently in progress and the lapsing of statutes of limitations.

11. Long-Term Debt

	June 30, 2014			December 31, 2013
	(In thousands)
Revolving credit facility	$	309,000		$	535,000
Term Loan		300,000			—
2018 Notes		—			400,000
2022 Notes		400,000			—
Tax increment financing and other debt		11,515			5,496
Total debt outstanding		1,020,515			940,496
Less current portion		(3,939	)		(1,551	)
Total long-term debt	$	1,016,576		$	938,945

On May 6, 2014, the Company entered into a new five year unsecured Revolving Credit Facility (the “Revolving Credit Facility”) with an aggregate commitment of $900 million and a $300 million senior unsecured seven year term loan (the “Term Loan”) pursuant to a new credit agreement (the “Credit Agreement”). The proceeds from the Term Loan and a draw at closing on the Revolving Credit Facility were used to repay in full amounts outstanding under our prior $750 million unsecured revolving credit facility (the “Prior Credit Agreement”). The Credit Agreement replaced the Prior Credit Agreement, and the Prior Credit Agreement was terminated upon the repayment of the amounts outstanding thereunder on May 6, 2014. As a result of the debt refinancing, $6.5 million of fees associated with the Revolving Credit Facility and $2.4 million of fees associated with the Term Loan will be amortized over their five years and seven year terms, respectively.

Revolving Credit Facility — As of June 30, 2014, $580.2 million of the aggregate commitment of $900 million of the Revolving Credit Facility was available. The Revolving Credit Facility matures on May 6, 2019. In addition, as of June 30, 2014, there were $10.8 million in letters of credit under the Revolving Credit Facility that were issued but undrawn.

Interest is payable quarterly or at the end of the applicable interest period in arrears on any outstanding borrowings. The initial pricing for the Revolving Credit Facility is determined by LIBOR plus a margin of 1.50%, which includes a 0.30% facility fee. Thereafter, the Revolving Credit Facility generally will bear interest at a rate per annum equal to (i) LIBOR, plus a margin ranging from 1.25% to 2.00% (inclusive of the facility fee), based on the Company’s consolidated leverage ratio or (ii) a Base Rate (as defined in the Credit Agreement), plus a margin ranging from 0.25% to 1.00% (inclusive of the facility fee), based on the Company’s consolidated leverage ratio. The Company’s average interest rate on debt outstanding under its Revolving Credit Facility for three months ended June 30, 2014 was 1.56%.

The Credit Agreement is guaranteed by our 100% owned direct and indirect subsidiaries, Bay Valley, Sturm Foods, S.T. Specialty Foods and certain other subsidiaries that may become guarantors in the future (the aforementioned entities are known collectively as the “Guarantors”). The Revolving Credit Facility contains various financial and restrictive covenants and requires that the Company maintain certain financial ratios, including a leverage and interest coverage ratio.

14

TREEHOUSE FOODS, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

Term Loan — On May 6, 2014, the Company entered into a $300 million senior unsecured Term Loan pursuant to the same Credit Agreement used for the Revolving Credit Facility. The Term Loan matures on May 6, 2021. The initial pricing of the Term Loan is determined by LIBOR plus a margin of 1.75%. Thereafter, the Term Loan generally will bear interest at a rate per annum equal to (i) LIBOR, plus a margin ranging from 1.50% to 2.25%, based on the Company’s consolidated leverage ratio or (ii) a Base Rate (as defined in the Credit Agreement), plus a margin ranging from 0.50% to 1.25%, based on the Company’s consolidated leverage ratio. The Term Loan is subject to substantially the same covenants as the Revolving Credit Facility, and also has the same Guarantors.

2018 Notes — The Company previously issued 7.75% notes in aggregate principal amount of $400 million due on March 1, 2018 (the “2018 Notes”). During the first quarter, on February 25, 2014, the Company commenced a tender offer and consent solicitation to repurchase and extinguish $400 million in aggregate principal amount of the 2018 Notes. Pursuant to the terms of the tender offer, the Company offered to repurchase the 2018 Notes at a price of 104.275% of the principal amount (plus any accrued but unpaid interest to, but excluding the payment date), for any 2018 Notes validly tendered and not withdrawn prior to the consent expiration time on March 10, 2014. As of the consent expiration time, the holders had tendered approximately $298 million in aggregate principal amount of 2018 Notes, and the Company accepted all such 2018 Notes tendered for purchase and extinguishment on March 11, 2014. The remaining holders had until March 24, 2014 to tender their 2018 Notes at a reduced rate of 101.275% of the principal amount; no additional 2018 Notes were tendered prior to the final expiration of the tender offer and consent solicitation.

On March 11, 2014, the Company issued a redemption notice for all of its remaining outstanding 2018 Notes. On April 10, 2014, all remaining outstanding 2018 Notes, or approximately $102 million in aggregate principal amount, were redeemed at a price of 103.875% of the principal amount of the 2018 Notes, plus accrued but unpaid interest. Accordingly, no 2018 Notes remain outstanding as of June 30, 2014. For the six months ended June 30, 2014, the Company incurred a loss on extinguishment of the 2018 Notes totaling $16.7 million that included the write-off of $5.3 million in deferred financing costs.

2022 Notes — On March 11, 2014, the Company completed its underwritten public offering of $400 million in aggregate principal amount of 4.875% notes due March 15, 2022 (the “2022 Notes”). The net proceeds of $394 million ($400 million less underwriting discount of $6 million, providing an effective interest rate of 4.99%) were used to extinguish $298 million of the 2018 Notes with the balance of the proceeds being used to pay down the Revolving Credit Facility. The Company issued the 2022 Notes pursuant to an Indenture between the Company, the guarantors and Wells Fargo Bank, National Association as trustee (the “Trustee”), among the Company, the Guarantors, and the Trustee.

The Indenture provides, among other things, that the 2022 Notes will be senior unsecured obligations of the Company. The Company’s payment obligations under the 2022 Notes are fully and unconditionally, as well as jointly and severally, guaranteed on a senior unsecured basis by the Guarantors, in addition to any future domestic subsidiaries that guarantee or become borrowers under its credit facility, or guarantee certain other indebtedness incurred by the Company or its restricted subsidiaries. Interest is payable on March 15 and September 15 of each year, beginning September 15, 2014. The 2022 Notes will mature on March 15, 2022.

The Company may redeem some or all of the 2022 Notes at any time prior to March 15, 2017 at a price equal to 100% of the principal amount of the 2022 Notes redeemed, plus an applicable “make-whole” premium. On or after March 15, 2017, the Company may redeem some or all of the 2022 Notes at redemption prices set forth in the Indenture. In addition, at any time prior to March 15, 2017, the Company may redeem up to 35% of the 2022 Notes at a redemption price of 104.875% of the principal amount of the 2022 Notes redeemed with the net cash proceeds of certain equity offerings.

Subject to certain limitations, in the event of a change of control of the Company, the Company will be required to make an offer to purchase the 2022 Notes at a purchase price equal to 101% of the principal amount of the 2022 Notes, plus accrued and unpaid interest.

The Indenture contains restrictive covenants that, among other things, limit the ability of the Company and the Guarantors to: (i) pay dividends or make other restricted payments, (ii) make certain investments, (iii) incur additional indebtedness or issue preferred stock, (iv) create liens, (v) pay dividends or make other payments (except for certain dividends and payments to the Company and certain subsidiaries of the Company), (vi) merge or consolidate with other entities or sell substantially all of its assets, (vii) enter into transactions with affiliates and (viii) engage in certain sale and leaseback transactions. The foregoing limitations are subject to exceptions as set forth in the Indenture. In addition, if in the future the 2022 Notes have an investment grade credit rating by both Moody’s Investors Services, Inc. and Standard & Poor’s Ratings Services, certain of these covenants will, thereafter, no longer apply to the 2022 Notes for so long as the 2022 Notes are rated investment grade by the two rating agencies.

Tax Increment Financing —The Company owes $1.6 million related to redevelopment bonds pursuant to a Tax Increment Financing Plan and has agreed to make certain payments with respect to the principal amount of the bonds through May 1, 2019.

15

TREEHOUSE FOODS, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

12. Earnings Per Share

Basic earnings per share is computed by dividing net income by the number of weighted average common shares outstanding during the reporting period. The weighted average number of common shares used in the diluted earnings per share calculation is determined using the treasury stock method and includes the incremental effect related to the Company’s outstanding stock-based compensation awards.

The following table summarizes the effect of the share-based compensation awards on the weighted average number of shares outstanding used in calculating diluted earnings per share:

	Three Months Ended June 30,				Six Months Ended June 30,
	2014		2013		2014		2013
	(In thousands)				(In thousands)
Weighted average common shares outstanding		36,961		36,337		36,822		36,323
Assumed exercise/vesting of equity awards (1)		1,029		1,036		1,039		989
Weighted average diluted common shares outstanding		37,990		37,373		37,861		37,312

(1) Incremental shares from stock-based compensation awards (equity awards) are computed by the treasury stock method. Equity awards, excluded from our computation of diluted earnings per share because they were anti-dilutive, were 0.4 million for the three and six months ended June 30, 2014 and 0.7 million for the three and six months ended June 30, 2013, respectively.

13. Stock-Based Compensation

Income before income taxes for the three and six month periods ended June 30, 2014 includes share-based compensation expense of $5.5 million and $9.7 million, respectively. Share-based compensation expense for the three and six month periods ended June 30, 2013 was $3.7 million and $7.1 million, respectively. The tax benefit recognized related to the compensation cost of these share-based awards was approximately $1.9 million and $3.4 million for the three and six months ended June 30, 2014, respectively, and $1.3 million and $2.6 million for the three and six month periods ended June 30, 2013, respectively.

The following table summarizes stock option activity during the six months ended June 30, 2014. Stock options are granted under our long-term incentive plan, and generally have a three year vesting schedule, which vest one-third on each of the first three anniversaries of the grant date. Stock options expire ten years from the grant date.

	Employee Options			Director Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (yrs)		Aggregate Intrinsic Value
	(In thousands)									(In thousands)
Outstanding, December 31, 2013		2,570			64	$	36.71		4.1	$	84,840
Granted		304			—	$	79.69
Forfeited		(3	)		—	$	64.42
Exercised		(487	)		—	$	28.69
Outstanding, June 30, 2014		2,384			64	$	43.62		4.8	$	89,262
Vested/expected to vest, at June 30, 2014		2,269			64	$	42.07		4.6	$	88,666
Exercisable, June 30, 2014		1,797			64	$	34.58		3.4	$	84,654

Compensation costs related to unvested options totaled $10.0 million at June 30, 2014 and will be recognized over the remaining vesting period of the grants, which averages 2.3 years. The Company uses the Black-Scholes option pricing model to value its stock option awards. The assumptions used to calculate the fair value of stock options issued in 2014 include the following: expected volatility of 25.18%, expected term of six years, risk free rate of 2.03% and no dividends. The weighted average grant date fair value of awards granted in the six months ended June 30, 2014 was $23.14. The aggregate intrinsic value of stock options exercised during the six months ended June 30, 2014 and 2013 was approximately $21.6 million and $1.3 million, respectively. The tax benefit recognized from stock option exercises was $8.2 million and $0.5 million for the six months ended June 30, 2014 and 2013, respectively.

16

TREEHOUSE FOODS, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

In addition to stock options, the Company may also grant restricted stock, restricted stock units and performance unit awards. These awards are granted under our long-term incentive plan. Employee restricted stock and restricted stock unit awards generally vest based on the passage of time. These awards generally vest one-third on each anniversary of the grant date. Director restricted stock units generally vest on the first anniversary of the grant date. Certain directors have deferred receipt of their awards until their departure from the Board of Directors, or a specified date. The following table summarizes the restricted stock unit activity during the six months ended June 30, 2014:

	Employee Restricted Stock Units			Weighted Average Grant Date Fair Value		Director Restricted Stock Units			Weighted Average Grant Date Fair Value
	(In thousands)					(In thousands)
Outstanding, at December 31, 2013		317		$	58.98		93		$	44.06
Granted		151		$	78.30		14		$	79.89
Vested		(137	)	$	52.58		(4	)	$	28.47
Forfeited		(4	)	$	62.92		—		$	—
Outstanding, at June 30, 2014		327		$	70.30		103		$	49.64

Future compensation costs related to restricted stock units are approximately $17.2 million as of June 30, 2014, and will be recognized on a weighted average basis, over the next 2.1 years. The grant date fair value of the awards granted in 2014 is equal to the Company’s closing stock price on the grant date. The fair value of vested restricted stock units was $11.2 million for the six months ended June 30, 2014 and $9.3 million for the six months ended June 30, 2013.

Performance unit awards are granted to certain members of management. These awards contain service and performance conditions. For each of the three performance periods, one third of the units will accrue, multiplied by a predefined percentage between 0% and 200%, depending on the achievement of certain operating performance measures. Additionally, for the cumulative performance period, a number of units will accrue, equal to the number of units granted, multiplied by a predefined percentage between 0% and 200%, depending on the achievement of certain operating performance measures, less any units previously accrued. Accrued units will be converted to stock or cash, at the discretion of the compensation committee, generally, on the third anniversary of the grant date. The Company intends to settle these awards in stock and has the shares available to do so. On June 27, 2014, based on achievement of operating performance measures, 34,311 performance units were converted into 5,541 shares of stock, an average conversion ratio of 0.16 shares for each performance unit.

The following table summarizes the performance unit activity during the six months ended June 30, 2014:

	Performance Units			Weighted Average Grant Date Fair Value
	(In thousands)
Unvested, at December 31, 2013		216		$	62.03
Granted		88		$	79.89
Vested		(5	)	$	54.90
Forfeited		(29	)	$	55.06
Unvested, at June 30, 2014		270		$	68.77

Future compensation costs related to the performance units are estimated to be approximately $16.7 million as of June 30, 2014, and are expected to be recognized over the next 2.3 years. The grant fair value of the awards is equal to the Company’s closing stock price on the date of grant.

17

TREEHOUSE FOODS, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

14. Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss consists of the following components, all of which are net of tax, except for the foreign currency translation adjustment:

	Foreign Currency Translation (1)			Unrecognized Pension and Postretirement Benefits (2)			Derivative Financial Instrument (3)		Accumulated Other Comprehensive Loss
	(In thousands)
Balance at December 31, 2013	$	(24,689	)	$	(7,074	)	$	—	$	(31,763	)
Other comprehensive loss		(1,001	)		—			—		(1,001	)
Reclassifications from accumulated other comprehensive loss		—			206			—		206
Other comprehensive (loss) income		(1,001	)		206			—		(795	)
Balance at June 30, 2014	$	(25,690	)	$	(6,868	)	$	—	$	(32,558	)

	Foreign Currency Translation (1)			Unrecognized Pension and Postretirement Benefits (2)			Derivative Financial Instrument (3)			Accumulated Other Comprehensive Loss
	(In thousands)
Balance at December 31, 2012	$	(2,007	)	$	(14,525	)	$	(108	)	$	(16,640	)
Other comprehensive loss		(19,467	)		—			—			(19,467	)
Reclassifications from accumulated other comprehensive loss		—			759			81			840
Other comprehensive (loss) income		(19,467	)		759			81			(18,627	)
Balance at June 30, 2013	$	(21,474	)	$	(13,766	)	$	(27	)	$	(35,267	)

(1) The foreign currency translation adjustment is not net of tax, as it pertains to the Company’s permanent investment in its Canadian subsidiaries.

(2) The unrecognized pension and post-retirement benefits reclassification is presented net of tax of $129 and $435 for the six months ended June 30, 2014 and 2013, respectively. The reclassification is included in the computation of net periodic pension cost, which is recorded in the Cost of sales and General and administrative lines of the Condensed Consolidated Statements of Income.

(3) The derivative financial instrument reclassification is presented net of tax of $51 for the six months ended June 30, 2013.

18

TREEHOUSE FOODS, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

The Condensed Consolidated Statements of Income lines impacted by reclassifications out of Accumulated Other Comprehensive Loss are outlined below:

	Reclassifications from Accumulated Other Comprehensive Loss									Affected line in The Condensed Consolidated Statements of Income
	Three months ended June 30,				Six months ended June 30,
	2014		2013		2014		2013
	(In thousands)				(In thousands)
Derivative financial instrument	$	—	$	66	$	—	$	132		Interest expense
Income taxes		—		25		—		51		Income taxes
Net of tax	$	—	$	41	$	—	$	81
Amortization of defined benefit pension items:
Prior service costs	$	37	$	96	$	73	$	193	(a)
Unrecognized net loss		131		470		262		940	(a)
Other		—		—		—		61
Total before tax		168		566		335		1,194
Income taxes		65		217		129		435		Income taxes
Net of tax	$	103	$	349	$	206	$	759

(a) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See Note 15 for additional details.

15. Employee Retirement and Postretirement Benefits

Pension, Profit Sharing and Postretirement Benefits — Certain employees and retirees participate in pension and other postretirement benefit plans. Employee benefit plan obligations and expenses included in the Condensed Consolidated Financial Statements are determined based on plan assumptions, employee demographic data, including years of service and compensation, benefits and claims paid, and employer contributions.

Components of net periodic pension expense are as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014			2013
	(In thousands)
Service cost	$	545		$	647		$	1,090		$	1,295
Interest cost		692			628			1,385			1,255
Expected return on plan assets		(798	)		(643	)		(1,595	)		(1,285	)
Amortization of prior service costs		54			114			106			228
Amortization of unrecognized net loss		126			459			252			917
Net periodic pension cost	$	619		$	1,205		$	1,238		$	2,410

The Company contributed $4.1 million to the pension plans in the first six months of 2014. The Company does not expect to make additional contributions to the plans in 2014.

19

TREEHOUSE FOODS, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

Components of net periodic postretirement expense are as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014			2013
	(In thousands)						(In thousands)
Service cost	$	5		$	5		$	10		$	10
Interest cost		39			37			78			72
Amortization of prior service costs		(17	)		(18	)		(33	)		(35	)
Amortization of unrecognized net loss		5			11			10			23
Net periodic postretirement cost	$	32		$	35		$	65		$	70

The Company expects to contribute approximately $0.2 million to the postretirement health plans during 2014.

Net periodic pension costs are recorded in the Cost of sales and General and administrative lines of the Condensed Consolidated Statements of Income.

16. Other Operating Expense (Income), Net

The Company incurred other operating expense (income) for the three and six months ended June 30, 2014 and 2013, which consisted of the following:

	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014		2013
	(In thousands)						(In thousands)
Restructuring	$	371		$	(136	)	$	1,238	$	1,282
Other expense		(6	)		—			—		—
Total other operating expense (income), net	$	365		$	(136	)	$	1,238	$	1,282

17. Supplemental Cash Flow Information

	Six Months Ended June 30,
	2014		2013
	(In thousands)
Interest paid	$	23,430	$	23,136
Income taxes paid	$	34,426	$	26,206
Accrued purchase of property and equipment	$	8,988	$	4,795
Accrued other intangible assets	$	1,284	$	584

Non-cash financing activities for the six months ended June 30, 2014 and 2013 include the settlement of 145,832 shares and 150,777 shares, respectively, of restricted stock units and performance units, where shares were withheld to satisfy the minimum statuary tax withholding requirements.

18. Commitments and Contingencies

Litigation, Investigations and Audits — The Company is party in the ordinary course of business to certain claims, litigation, audits and investigations. The Company believes that it has established adequate reserves to satisfy any liability that may be incurred in connection with any such currently pending or threatened matters, none of which are significant. The settlement of any such currently pending or threatened matters is not expected to have a material impact on our financial position, annual results of operations or cash flows.

20

TREEHOUSE FOODS, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

19. Derivative Instruments

The Company is exposed to certain risks relating to its ongoing business operations. The primary risks managed by derivative instruments include interest rate risk, foreign currency risk and commodity price risk. Derivative contracts are entered into for periods consistent with the related underlying exposure and do not constitute positions independent of those exposures. The Company does not enter into derivative instruments for trading or speculative purposes.

The Company manages its exposure to changes in interest rates by optimizing the use of variable-rate and fixed-rate debt and by utilizing interest rate swaps to hedge our exposure to changes in interest rates, to reduce the volatility of our financing costs, and to achieve a desired proportion of fixed versus floating-rate debt, based on current and projected market conditions, with a bias toward fixed-rate debt.

Due to the Company’s operations in Canada, we are exposed to foreign currency risk. The Company enters into foreign currency contracts to manage the risk associated with foreign currency cash flows. The Company’s objective in using foreign currency contracts is to establish a fixed foreign currency exchange rate for the net cash flow requirements for purchases that are denominated in U.S. dollars. These contracts do not qualify for hedge accounting and changes in their fair value are recorded in the Condensed Consolidated Statements of Income, with their fair value recorded on the Condensed Consolidated Balance Sheets. As of June 30, 2014, our Canadian subsidiaries had $27.9 million of US dollar foreign currency contracts outstanding. As of June 30, 2013, the Company did not have any foreign currency contracts outstanding.

Certain commodities we use in the production and distribution of our products are exposed to market price risk. The Company utilizes derivative contracts to manage this risk. The majority of commodity forward contracts are not derivatives, and those that are, generally qualify for the normal purchases and normal sales scope exception under the guidance for derivative instruments and hedging activities, and therefore are not subject to its provisions. For derivative commodity contracts that do not qualify for the normal purchases and normal sales scope exception, the Company records their fair value on the Company’s Condensed Consolidated Balance Sheets, with changes in value being recorded in the Condensed Consolidated Statements of Income.

The Company’s derivative commodity contracts may include contracts for diesel, oil, plastics, natural gas, electricity, and other commodity contracts that do not meet the requirements for the normal purchases and normal sales scope exception.

Diesel contracts are used to manage the Company’s risk associated with the underlying cost of diesel fuel used to deliver products. Contracts for oil and plastics are used to manage the Company’s risk associated with the underlying commodity cost of a significant component used in packaging materials. Contracts for natural gas and electricity are used to manage the Company’s risk associated with the utility costs of its manufacturing facilities, and commodity contracts that are derivatives that do not meet the normal purchases and normal sales scope exception are used to manage the price risk associated with raw material costs. As of June 30, 2014, the Company had outstanding contracts for the purchase of 24,406 megawatts of electricity, expiring throughout 2014.

21

TREEHOUSE FOODS, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

The following table identifies the derivative, its fair value, and location on the Condensed Consolidated Balance Sheet:

	Balance Sheet Location	Fair Value
		June 30, 2014		December 31, 2013
		(In thousands)
Asset Derivative:
Commodity contracts	Prepaid expenses and other current assets	$	177	$	8
		$	177	$	8
Liability Derivative:
Foreign currency contracts	Accounts payable and accrued expenses	$	28,102	$	—
		$	28,102	$	—

We recorded the following gains and losses on our derivative contracts in the Condensed Consolidated Statements of Income:

	Location of (Loss) Gain Recognized in Income	Three Months Ended June 30,						Six Months Ended June 30,
		2014			2013			2014			2013
		(In thousands)						(In thousands)
Mark to market unrealized (loss) gain:
Commodity contracts	Other (income) expense, net	$	(53	)	$	(274	)	$	(169	)	$	499
Foreign currency contracts	Gain on foreign currency exchange		(194	)		—			(194	)		—
Total unrealized (loss) gain			(247	)		(274	)		(363	)		499
Realized (loss) gain
Commodity contracts	Selling and distribution		—			(163	)		—			(129	)
Total realized (loss) gain			—			(163	)		—			(129	)
Total (loss) gain		$	(247	)	$	(437	)	$	(363	)	$	370

20. Fair Value

The following table presents the carrying value and fair value of our financial instruments as of June 30, 2014 and December 31, 2013:

	June 30, 2014						December 31, 2013
	Carrying Value			Fair Value			Carrying Value			Fair Value			Level
	(In thousands)						(In thousands)
Not recorded at fair value (liability):
Revolving credit facility	$	(309,000	)	$	(335,010	)	$	(535,000	)	$	(532,226	)		2
Term loan	$	(300,000	)	$	(336,123	)	$	—		$	—			2
2018 Notes	$	—		$	—		$	(400,000	)	$	(435,520	)		2
2022 Notes	$	(400,000	)	$	(411,000	)	$	—		$	—			2
Recorded on a recurring basis at fair value (liability) asset:
Commodity contracts	$	177		$	177		$	8		$	8			2
Foreign currency contracts	$	28,102		$	28,102		$	—		$	—			2
Investments	$	9,386		$	9,386		$	8,680		$	8,680			1

Cash and cash equivalents and accounts receivable are financial assets with carrying values that approximate fair value. Accounts payable are financial liabilities with carrying values that approximate fair value.

The fair value of the Revolving Credit Facility, Term Loan, 2022 Notes, foreign exchange contracts and commodity contracts are determined using Level 2 inputs. Level 2 inputs are inputs other than quoted market prices that are observable for an asset or liability, either directly or indirectly. The fair values of the Revolving Credit Facility and Term Loan were estimated using present value techniques and market based interest rates and credit spreads. The fair value of the Company’s 2022 Notes was estimated based on quoted market prices for similar instruments, where the inputs are considered Level 2, due to their infrequent trading volume.

22

TREEHOUSE FOODS, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

The fair value of the commodity contracts are based on an analysis comparing the contract rates to the market rates at the balance sheet date. The commodity contracts are recorded at fair value on the Condensed Consolidated Balance Sheets.

The fair value of the Company’s foreign exchange contracts was estimated by comparing the foreign exchange rates of the Company’s contracts to the spot rate as of June 30, 2014, which is considered a Level 2 input.

The fair value of the investments is determined using Level 1 inputs. Level 1 inputs are quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement dates. The investments are recorded at fair value on the Condensed Consolidated Balance Sheets.

21. Segment and Geographic Information and Major Customers

The Company manages operations on a company-wide basis, thereby making determinations as to the allocation of resources in total rather than on a segment-level basis. The Company has designated reportable segments based on how management views its business. The Company does not segregate assets between segments for internal reporting. Therefore, asset-related information has not been presented. The reportable segments, as presented below, are consistent with the manner in which the Company reports its results to the chief operating decision maker.

23

TREEHOUSE FOODS, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

The Company evaluates the performance of its segments based on net sales dollars and direct operating income (gross profit less freight out, sales commissions and direct selling and marketing expenses). The amounts in the following tables are obtained from reports used by senior management and do not include income taxes. Other expenses not allocated include unallocated selling and distribution expenses, unallocated costs of sales and unallocated corporate expenses. The accounting policies of the Company’s segments are the same as those described in the summary of significant accounting policies set forth in Note 1 to the Consolidated Financial Statements contained in our Annual Report on Form 10-K for the year ended December 31, 2013.

	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014			2013
	(In thousands)						(In thousands)
Net sales to external customers:
North American Retail Grocery	$	444,244		$	375,744		$	896,655		$	761,825
Food Away From Home		97,285			85,675			185,960			167,488
Industrial and Export		86,431			64,927			164,248			137,143
Total	$	627,960		$	526,346		$	1,246,863		$	1,066,456
Direct operating income:
North American Retail Grocery	$	73,150		$	61,140		$	148,726		$	126,449
Food Away From Home		12,054			11,958			21,543			22,858
Industrial and Export		13,476			13,509			28,926			25,914
Total		98,680			86,607			199,195			175,221
Unallocated selling and distribution expenses		(2,702	)		(1,323	)		(5,745	)		(2,739	)
Unallocated costs of sales (1)		105			(7,110	)		(2,393	)		(12,538	)
Unallocated corporate expense		(51,507	)		(37,197	)		(96,182	)		(74,587	)
Operating income		44,576			40,977			94,875			85,357
Other expense		(10,836	)		(13,094	)		(41,092	)		(24,120	)
Income before income taxes	$	33,740		$	27,883		$	53,783		$	61,237

(1) Primarily related to accelerated depreciation and other charges related to restructurings.

Geographic Information — The Company had revenues to customers outside of the United States of approximately 13.4% of total consolidated net sales in the six months ended June 30, 2014 and 2013, with 12.3% and 12.1% going to Canada, respectively.

Major Customers — Wal-Mart Stores, Inc. and affiliates accounted for approximately 19.4% and 19.5% of consolidated net sales in the six months ended June 30, 2014 and 2013, respectively. No other customer accounted for more than 10% of our consolidated net sales.

Product Information — The following table presents the Company’s net sales by major products for the three and six months ended June 30, 2014 and 2013.

	Three Months Ended June 30,				Six Months Ended June 30,
	2014		2013		2014		2013
	(In thousands)				(In thousands)
Products:
Beverages	$	117,562	$	71,419	$	241,882	$	140,114
Salad dressings		101,290		81,503		189,426		154,282
Beverage enhancers		82,694		79,963		171,003		171,137
Pickles		87,926		85,466		156,775		156,376
Mexican and other sauces		65,930		63,234		126,579		121,405
Soup and infant feeding		51,316		36,926		108,513		92,004
Cereals		35,392		33,981		80,293		81,770
Dry dinners		32,240		28,586		67,317		57,780
Aseptic products		25,708		23,753		47,595		47,682
Other products		14,813		7,249		30,780		14,785
Jams		13,089		14,266		26,700		29,121
Total net sales	$	627,960	$	526,346	$	1,246,863	$	1,066,456

24

TREEHOUSE FOODS, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

22. Guarantor and Non-Guarantor Financial Information

As of June 30, 2014 the Company’s 2022 Notes are guaranteed, jointly and severally, by its 100% owned direct and indirect subsidiaries Bay Valley, Sturm Foods and S.T. Specialty Foods. There are no significant restrictions on the ability of the parent company or any guarantor to obtain funds from its subsidiaries by dividend or loan. The following condensed supplemental consolidating financial information presents the results of operations, financial position and cash flows of the parent company, its guarantor subsidiaries, its non-guarantor subsidiaries and the eliminations necessary to arrive at the information for the Company on a consolidated basis as of June 30, 2014 and 2013, and for the three and six months ended June 30, 2014, and 2013. The equity method has been used with respect to investments in subsidiaries. The principal elimination entries eliminate investments in subsidiaries and intercompany balances and transactions.

Condensed Supplemental Consolidating Balance Sheet

June 30, 2014

(In thousands)

	Parent Company		Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	—	$	1	$	17,012		$	—		$	17,013
Investments		—		—		9,386			—			9,386
Receivables, net		—		107,297		47,591			—			154,888
Inventories, net		—		363,383		135,550			—			498,933
Deferred income taxes		—		10,220		3,013			—			13,233
Prepaid expenses and other current assets		28,563		11,285		6,220			(20,581	)		25,487
Total current assets		28,563		492,186		218,772			(20,581	)		718,940
Property, plant and equipment, net		13,188		377,073		106,410			—			496,671
Goodwill		—		959,440		204,524			—			1,163,964
Investment in subsidiaries		2,207,315		301,559		—			(2,508,874	)		—
Intercompany accounts receivable (payable), net		69,044		258,186		(327,230	)		—			—
Deferred income taxes		14,474		—		—			(14,474	)		—
Identifiable intangible and other assets, net		54,903		277,787		200,091			—			532,781
Total assets	$	2,387,487	$	2,666,231	$	402,567		$	(2,543,929	)	$	2,912,356
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable and accrued expenses	$	34,810	$	222,523	$	52,166		$	(20,581	)	$	288,918
Current portion of long-term debt		—		1,535		2,404			—			3,939
Total current liabilities		34,810		224,058		54,570			(20,581	)		292,857
Long-term debt		1,009,000		2,663		4,913			—			1,016,576
Deferred income taxes		—		214,339		40,779			(14,474	)		240,644
Other long-term liabilities		7,228		17,856		746			—			25,830
Stockholders’ equity		1,336,449		2,207,315		301,559			(2,508,874	)		1,336,449
Total liabilities and stockholders’ equity	$	2,387,487	$	2,666,231	$	402,567		$	(2,543,929	)	$	2,912,356

25

TREEHOUSE FOODS, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

Condensed Supplemental Consolidating Balance Sheet

December 31, 2013

(In thousands)

	Parent Company		Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	23,268	$	43	$	23,164		$	—		$	46,475
Investments		—		—		8,680			—			8,680
Accounts receivable, net		258		116,464		36,041			—			152,763
Inventories, net		—		314,912		90,786			—			405,698
Deferred income taxes		—		18,534		3,375			—			21,909
Prepaid expenses and other current assets		27,890		12,593		758			(27,077	)		14,164
Total current assets		51,416		462,546		162,804			(27,077	)		649,689
Property, plant and equipment, net		13,426		379,380		69,469			—			462,275
Goodwill		—		959,440		159,764			—			1,119,204
Investment in subsidiaries		1,970,351		258,305		—			(2,228,656	)		—
Intercompany accounts receivable (payable), net		154,742		68,407		(223,149	)		—			—
Deferred income taxes		13,545		—		—			(13,545	)		—
Intangible and other assets, net		46,943		288,873		154,070			—			489,886
Total assets	$	2,250,423	$	2,416,951	$	322,958		$	(2,269,278	)	$	2,721,054
Current liabilities:
Accounts payable and accrued expenses	$	26,127	$	204,920	$	34,843		$	(27,077	)	$	238,813
Current portion of long-term debt		—		1,498		53			—			1,551
Total current liabilities		26,127		206,418		34,896			(27,077	)		240,364
Long-term debt		935,000		3,580		365			—			938,945
Deferred income taxes		206		213,219		28,689			(13,545	)		228,569
Other long-term liabilities		15,972		23,383		703			—			40,058
Stockholders’ equity		1,273,118		1,970,351		258,305			(2,228,656	)		1,273,118
Total liabilities and stockholders’ equity	$	2,250,423	$	2,416,951	$	322,958		$	(2,269,278	)	$	2,721,054

26

TREEHOUSE FOODS, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

Condensed Supplemental Consolidating Statement of Income

Three Months Ended June 30, 2014

(In thousands)

	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	537,886		$	154,221		$	(64,147	)	$	627,960
Cost of sales		—			421,380			135,050			(64,147	)		492,283
Gross profit		—			116,506			19,171			—			135,677
Selling, general and administrative expense		17,333			50,695			12,176			—			80,204
Amortization		1,411			5,953			3,168			—			10,532
Other operating income, net		—			356			9			—			365
Operating (loss) income		(18,744	)		59,502			3,818			—			44,576
Interest expense		8,776			201			4,464			(4,440	)		9,001
Interest income		—			(4,444	)		(409	)		4,440			(413	)
Loss on extinguishment of debt		5,259			—			—			—			5,259
Other expense (income), net		9			(2,399	)		(621	)		—			(3,011	)
(Loss) income before income taxes		(32,788	)		66,144			384			—			33,740
Income taxes (benefit)		(12,641	)		24,442			180			—			11,981
Equity in net income (loss) of subsidiaries		41,906			204			—			(42,110	)		—
Net income (loss)	$	21,759		$	41,906		$	204		$	(42,110	)	$	21,759

Condensed Supplemental Consolidating Statement of Income

Three Months Ended June 30, 2013

(In thousands)

	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	471,138		$	76,086		$	(20,878	)	$	526,346
Cost of sales		—			374,912			62,744			(20,878	)		416,778
Gross profit		—			96,226			13,342			—			109,568
Selling, general and administrative expense		10,216			43,963			6,321			—			60,500
Amortization		1,321			5,756			1,150			—			8,227
Other operating (income) expense, net		—			(517	)		381			—			(136	)
Operating (loss) income		(11,537	)		47,024			5,490			—			40,977
Interest expense		12,085			154			3,521			(3,530	)		12,230
Interest income		—			(3,530	)		(322	)		3,530			(322	)
Other (income) expense, net		(2	)		543			645			—			1,186
(Loss) income before income taxes		(23,620	)		49,857			1,646			—			27,883
Income taxes (benefit)		(15,812	)		24,611			519			—			9,318
Equity in net income (loss) of subsidiaries		26,373			1,127			—			(27,500	)		—
Net income (loss)	$	18,565		$	26,373		$	1,127		$	(27,500	)	$	18,565

27

TREEHOUSE FOODS, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

Condensed Supplemental Consolidating Statement of Income

Six Months Ended June 30, 2014

(In thousands)

	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	1,073,048		$	283,186		$	(109,371	)	$	1,246,863
Cost of sales		—			843,280			244,286			(109,371	)		978,195
Gross profit		—			229,768			38,900			—			268,668
Selling, general and administrative expense		31,392			96,728			23,869			—			151,989
Amortization		2,923			11,728			5,915			—			20,566
Other operating expense, net		—			1,217			21			—			1,238
Operating (loss) income		(34,315	)		120,095			9,095			—			94,875
Interest expense		19,465			385			8,300			(8,276	)		19,874
Interest income		—			(8,304	)		(553	)		8,276			(581	)
Loss on extinguishment of debt		21,944			—			—			—			21,944
Other expense (income), net		9			(715	)		561			—			(145	)
(Loss) income before income taxes		(75,733	)		128,729			787			—			53,783
Income taxes (benefit)		(29,933	)		47,289			346			—			17,702
Equity in net income (loss) of subsidiaries		81,881			441			—			(82,322	)		—
Net income (loss)	$	36,081		$	81,881		$	441		$	(82,322	)	$	36,081

Condensed Supplemental Consolidating Statement of Income

Six Months Ended June 30, 2013

(In thousands)

	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	957,072		$	147,433		$	(38,049	)	$	1,066,456
Cost of sales		—			759,288			121,477			(38,049	)		842,716
Gross profit		—			197,784			25,956			—			223,740
Selling, general and administrative expense		24,617			83,151			12,607			—			120,375
Amortization		2,599			11,808			2,319			—			16,726
Other operating expense, net		—			419			863			—			1,282
Operating (loss) income		(27,216	)		102,406			10,167			—			85,357
Interest expense		24,579			438			7,045			(7,054	)		25,008
Interest income		—			(7,054	)		(1,000	)		7,054			(1,000	)
Other (income) expense, net		(2	)		(146	)		260			—			112
(Loss) income before income taxes		(51,793	)		109,168			3,862			—			61,237
Income taxes (benefit)		(29,204	)		47,808			1,094			—			19,698
Equity in net income of subsidiaries		64,128			2,768			—			(66,896	)		—
Net income (loss)	$	41,539		$	64,128		$	2,768		$	(66,896	)	$	41,539

28

TREEHOUSE FOODS, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

Condensed Supplemental Consolidating Statement of Comprehensive Income

Three Months Ended June 30, 2014

(In thousands)

	Parent Company		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
Net income (loss)	$	21,759	$	41,906	$	204	$	(42,110	)	$	21,759
Other comprehensive income:
Foreign currency translation adjustments		—		4,768		6,138		—			10,906
Pension and post-retirement reclassification adjustment, net of tax		—		103		—		—			103
Other comprehensive income		—		4,871		6,138		—			11,009
Equity in other comprehensive income (loss) of subsidiaries		11,009		6,138		—		(17,147	)		—
Comprehensive income (loss)	$	32,768	$	52,915	$	6,342	$	(59,257	)	$	32,768

Condensed Supplemental Consolidating Statement of Comprehensive Income

Three Months Ended June 30, 2013

(In thousands)

	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	18,565		$	26,373		$	1,127		$	(27,500	)	$	18,565
Other comprehensive income (loss):
Foreign currency translation adjustments		—			(4,828	)		(6,781	)		—			(11,609	)
Pension and post-retirement reclassification adjustment, net of tax		—			349			—			—			349
Derivatives reclassification adjustment, net of tax		41			—			—			—			41
Other comprehensive income (loss)		41			(4,479	)		(6,781	)		—			(11,219	)
Equity in other comprehensive income (loss) of subsidiaries		(11,260	)		(6,781	)		—			18,041			—
Comprehensive income (loss)	$	7,346		$	15,113		$	(5,654	)	$	(9,459	)	$	7,346

29

TREEHOUSE FOODS, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

Condensed Supplemental Consolidating Statement of Comprehensive Income

Six Months Ended June 30, 2014

(In thousands)

	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	36,081		$	81,881		$	441		$	(82,322	)	$	36,081
Other comprehensive (loss) income:
Foreign currency translation adjustments		—			(438	)		(563	)		—			(1,001	)
Pension and post-retirement reclassification adjustment, net of tax		—			206			—			—			206
Other comprehensive (loss) income		—			(232	)		(563	)		—			(795	)
Equity in other comprehensive (loss) income of subsidiaries		(795	)		(563	)		—			1,358			—
Comprehensive income (loss)	$	35,286		$	81,086		$	(122	)	$	(80,964	)	$	35,286

Condensed Supplemental Consolidating Statement of Comprehensive Income

Six Months Ended June 30, 2013

(In thousands)

	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net income	$	41,539		$	64,128		$	2,768		$	(66,896	)	$	41,539
Other comprehensive income (loss):
Foreign currency translation adjustments		—			(8,115	)		(11,352	)		—			(19,467	)
Pension and post-retirement reclassification adjustment, net of tax		—			759			—			—			759
Derivative reclassification adjustment, net of tax		81			—			—			—			81
Other comprehensive income (loss)		81			(7,356	)		(11,352	)		—			(18,627	)
Equity in other comprehensive income of subsidiaries		(18,708	)		(11,352	)		—			30,060			—
Comprehensive income (loss)	$	22,912		$	45,420		$	(8,584	)	$	(36,836	)	$	22,912

30

TREEHOUSE FOODS, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

Condensed Supplemental Consolidating Statement of Cash Flows

Six Months Ended June 30, 2014

(In thousands)

	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net cash provided by (used in) operating activities	$	73,621		$	102,402		$	7,668		$	(100,298	)	$	83,393
Cash flows from investing activities:
Additions to property, plant and equipment		(287	)		(23,233	)		(6,969	)		—			(30,489	)
Additions to other intangible assets		(5,166	)		(234	)		—			—			(5,400	)
Intercompany transfer		(173,924	)		231,047			—			(57,123	)		—
Acquisitions, less cash acquired		—			(144,147	)		3,312			—			(140,835	)
Proceeds from sale of fixed assets		—			130			397			—			527
Purchase of investments		—			—			(353	)		—			(353	)
Proceeds from sale of investments		—			—			63			—			63
Net cash used in (provided by) investing activities		(179,377	)		63,563			(3,550	)		(57,123	)		(176,487	)
Cash flows from financing activities:
Borrowings under Revolving Credit Facility		467,300			—			—			—			467,300
Payments under Revolving Credit Facility		(693,300	)		—			(312	)		—			(693,612	)
Proceeds from issuance of Term Loan		300,000			—			—			—			300,000
Proceeds from issuance of 2022 Notes		400,000			—			—			—			400,000
Payments on 2018 Notes		(400,000	)		—			—			—			(400,000	)
Payments on capitalized lease obligations and other debt		—			(880	)		—			—			(880	)
Payments of deferred financing costs		(12,869	)		—			—			—			(12,869	)
Payment of debt premium for extinguishment of debt		(16,693	)		—			—			—			(16,693	)
Intercompany transfer		19,958			(165,127	)		(12,252	)		157,421			—
Net receipts related to stock-based award activities		9,411			—			—			—			9,411
Excess tax benefits from stock-based compensation		8,681			—			—			—			8,681
Net cash provided by (used in) financing activities		82,488			(166,007	)		(12,564	)		157,421			61,338
Effect of exchange rate changes on cash and cash equivalents		—			—			2,294			—			2,294
Decrease in cash and cash equivalents		(23,268	)		(42	)		(6,152	)		—			(29,462	)
Cash and cash equivalents, beginning of period		23,268			43			23,164			—			46,475
Cash and cash equivalents, end of period	$	—		$	1		$	17,012		$	—		$	17,013

31

TREEHOUSE FOODS, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

Condensed Supplemental Consolidating Statement of Cash Flows

Six Months Ended June 30, 2013

(In thousands)

	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net cash (used in) provided by operating activities	$	(15,554	)	$	153,551		$	(67,955	)	$	—	$	70,042
Cash flows from investing activities:
Purchase of investments		—			—			(7,585	)		—		(7,585	)
Additions to property, plant and equipment		(156	)		(31,175	)		(4,310	)		—		(35,641	)
Additions to other intangible assets		(2,407	)		(848	)		—			—		(3,255	)
Proceeds from sale of fixed assets		—			915			157			—		1,072
Net cash used in investing activities		(2,563	)		(31,108	)		(11,738	)		—		(45,409	)
Cash flows from financing activities:
Borrowings under Revolving Credit Facility		111,800			—			—			—		111,800
Payments under Revolving Credit Facility		(195,800	)		—			—			—		(195,800	)
Payments on capitalized lease obligations		—			(1,149	)		—			—		(1,149	)
Intercompany transfer		121,021			(121,021	)		—			—		—
Net payments related to stock-based award activities		(1,192	)		—			—			—		(1,192	)
Excess tax benefits from stock-based compensation		1,097			—			—			—		1,097
Net cash provided by (used in) financing activities		36,926			(122,170	)		—			—		(85,244	)
Effect of exchange rate changes on cash and cash equivalents		—			—			(5,451	)		—		(5,451	)
Net increase in cash and cash equivalents		18,809			273			(85,144	)		—		(66,062	)
Cash and cash equivalents, beginning of period		—			269			94,138			—		94,407
Cash and cash equivalents, end of period	$	18,809		$	542		$	8,994		$	—	$	28,345

23. Subsequent Events

On July 29, 2014, the Company announced that it completed the acquisition of Flagstone Foods (“Flagstone”) from Gryphon Investors and other shareholders. Flagstone purchases, prepares, packages, distributes, and sells branded and private label varieties of snack nuts, trail mixes, dried fruit, snack mixes, and other wholesome snacks to retailers in North America. The Company agreed to pay $860 million in cash for the business, subject to adjustments for working capital. The acquisition is expected to expand our existing product offerings by allowing the Company to enter into the healthy snack food category, while also providing more exposure to the perimeter of the store. The acquisition will be accounted for under the acquisition method of accounting. The required disclosures have not been provided as the initial accounting for the business combination was not complete prior to the issuance of these financial statements. The acquisition was funded through a combination of borrowings under our Revolving Credit Facility, a new $200 million term loan, and the net proceeds from the issuance of TreeHouse common stock.

On July 29, 2014, the Company entered into an Additional Credit Extension Amendment (the “Amendment”) to its Credit Agreement dated as of May 6, 2014, the proceeds of which were used to fund, in part, the acquisition of Flagstone. The Amendment, among other things, provides for a new $200 million senior unsecured term loan (the “Acquisition Term Loan”). The Acquisition Term Loan matures on May 6, 2019. Initial pricing for the Acquisition Term Loan is determined by LIBOR plus a margin of 2.0%. Thereafter, the Acquisition Term Loan generally will bear interest at a rate per annum equal to (i) LIBOR, plus a margin ranging from 1.50% to 2.25%, based on the Company’s consolidated leverage ratio or (ii) a Base Rate (as defined in the Credit Agreement), plus a margin ranging from 0.50% to 1.25%, based on the Company’s consolidated leverage ratio. The Acquisition Term Loan is subject to substantially the same covenants as the Revolving Credit Facility, and has the same Guarantors.

On July 22, 2014, the Company announced that it closed the public offering of an aggregate of 4,950,331 shares of TreeHouse common stock (the “Shares”), at a price of $75.50 per share. The Company used the net proceeds ($358 million) from the offering of the Shares to fund, in part, the acquisition of Flagstone.

32

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Business Overview

TreeHouse is a food manufacturer servicing primarily the retail grocery and foodservice distribution channels. Our product categories (as described more fully below) include beverages; salad dressings; beverage enhancers; pickles; Mexican and other sauces; soup and infant feeding; cereals; dry dinners; aseptic products; and jams. We believe we are the largest manufacturer of pickles and non-dairy powdered creamer in the United States, and the largest manufacturer of private label salad dressings, powdered drink mixes, and instant hot cereals in the United States and Canada, based on sales volume.

The following discussion and analysis presents the factors that had a material effect on our results of operations for the three and six months ended June 30, 2014 and 2013. Also discussed is our financial position as of the end of those periods. This discussion should be read in conjunction with the Condensed Consolidated Financial Statements and the Notes to those Condensed Consolidated Financial Statements included elsewhere in this report. This Management’s Discussion and Analysis of Financial Condition and Results of Operations contain forward-looking statements. See “Cautionary Statement Regarding Forward-Looking Statements” for a discussion of the uncertainties, risks and assumptions associated with these statements.

We discuss the following segments in this Management’s Discussion and Analysis of Financial Condition and Results of Operations: North American Retail Grocery, Food Away From Home, and Industrial and Export. The key performance indicators of our segments are net sales dollars and direct operating income, which is gross profit less the cost of transporting products to customer locations (referred to in the tables below as “freight out”), commissions paid to independent sales brokers, and direct selling and marketing expenses. The segment results are presented on a consistent basis with the manner in which the Company reports its results to the chief operating decision maker, and does not include an allocation of taxes and other corporate expenses, including those associated with restructurings. See Note 21 of the Condensed Consolidated Financial Statements for additional information on the presentation of our reportable segments.

Our current operations consist of the following:

North American Retail Grocery — Our North American Retail Grocery segment sells branded and private label products to customers within the United States and Canada. These products include non-dairy powdered creamers; sweeteners; condensed, ready to serve and powdered soups, broths and gravies; refrigerated and shelf stable salad dressings and sauces; pickles and related products; salsa and Mexican sauces; jams and pie fillings; aseptic products; liquid non-dairy creamer; powdered drinks; single serve hot beverages; specialty teas; hot and cold cereals; baking and mix powders; macaroni and cheese; and skillet dinners.

Food Away From Home — Our Food Away From Home segment sells non-dairy powdered creamers; sweeteners; pickles and related products; Mexican sauces; refrigerated and shelf-stable dressings; aseptic products; hot cereals; powdered drinks; and single serve hot beverages to foodservice customers, including restaurant chains and food distribution companies, within the United States and Canada.

Industrial and Export — Our Industrial and Export segment includes the Company’s co-pack business and non-dairy powdered creamer sales to industrial customers for use in industrial applications, including products for repackaging in portion control packages and for use as ingredients by other food manufacturers. The most common products sold in this segment include non-dairy powdered creamer; baking and mix powders; pickles and related products; Mexican sauces; soup and infant feeding products; hot cereals; powdered drinks; single serve hot beverages; and specialty teas. Export sales are primarily to industrial customers outside of North America.

From a macroeconomic perspective, first quarter real Gross Domestic Product (“GDP”) decreased 2.1% from the fourth quarter 2013 (Source: Bureau of Economic Analysis). This trend indicates that the overall growth of the economy is still somewhat stagnant. The impact of this stagnancy on the food industry is that volume growth for traditional food categories in the U.S. has been slow. During the second quarter, most businesses in the food industry have reported negative to no growth in terms of volume, with a small group showing improvement. Analyst reports indicate soft food industry volumes for the entire year, and expect volumes to increase in the 1.5% range, while earnings growth is expected to expand at a faster rate, despite the softness in volume. The softer volumes of 2014 have been partially offset by growth in emerging markets, modest cost inflation, and lower pension costs.

While traditional volume growth appears to be limited in the short term, there are sectors that have experienced growth at a faster rate as consumer tastes shift. Specifically, consumers are eating less formal meals and are instead snacking or grazing. Coincident with this shifting is a shift in the types of food desired. For example, consumers appear to be more interested in foods described as being “better for you,” which includes fresh, or freshly prepared foods, and natural, organic or specialty foods, most of which are located at the perimeter of the store. These trends are prompting companies to increase or adjust their product offerings to cater to the consumer. In addition to the items noted above, and more specific to the Company, is the impact of foreign exchange rates between the U.S. and Canadian dollar. During the first six months of 2014, the average Canadian dollar exchange rate was approximately 7.4% weaker than the same period last year, impacting both our net sales and profitability.

33

Despite the challenging operating environment of the food industry, the Company achieved a 16.9% increase in net sales for the six months ended June 30, 2014 as compared to the same period last year, due to additional sales from acquisitions and improved volume/mix driven by our single serve beverage products. For the three months ended June 30, 2014, the Company experienced a 19.3% increase in net sales compared to the same period last year, as acquisitions and volume/mix improvement accelerated.

During the second quarter of 2014, sales and volumes shifted slightly back towards traditional grocers from alternate retail channels. The Company expects this trend to continue throughout 2014. In response to this continued shift, the Company has focused on lowering our “cost to serve” and aligned our offerings with shifting customer demands.

Total direct operating income, the measure of our segment profitability, lowered to 15.7% and 16.0% of net sales for the three and six months ended June 30, 2014, respectively, representing a 70 and 50 basis point decrease for the respective periods as compared to the same periods last year. The change in direct operating income percentage between 2014 and 2013 is due to a combination of factors, including a higher mix of lower margin sales from recent acquisitions that were not part of the Company’s operations during the corresponding periods of the prior year. As a result of the acquisitions, the Company incurred integration costs that lowered our direct operating income by approximately $4.1 million for the second quarter and $5.8 million for the year to date, or 70 basis points in the quarter and 50 basis points on a year to date basis. Also impacting the reduced profitability percentage are unfavorable foreign exchange rates due to the weakened Canadian dollar as compared to the prior year.

Recent Developments

On July 29, 2014, the Company announced that it completed the acquisition of Flagstone Foods (“Flagstone”) from Gryphon Investors and other shareholders. Flagstone purchases, prepares, packages, distributes, and sells branded and private label varieties of snack nuts, trail mixes, dried fruit, snack mixes, and other wholesome snacks to retailers in North America. The Company agreed to pay $860 million in cash for the business, subject to adjustments for working capital. The acquisition is expected to expand our existing product offerings by allowing the Company to enter into the healthy snack food category, while also providing more exposure to the perimeter of the store. The acquisition will be accounted for under the acquisition method of accounting. The required disclosures have not been provided as the initial accounting for the business combination was not complete prior to the issuance of these financial statements. The acquisition was funded through a combination of borrowings under our Revolving Credit Facility, a new $200 million term loan, and the net proceeds from the issuance of TreeHouse common stock.

On July 29, 2014, the Company entered into an Additional Credit Extension Amendment (the “Amendment”) to its Credit Agreement dated as of May 6, 2014, the proceeds of which were used to fund, in part, the acquisition of Flagstone. The Amendment, among other things, provides for a new $200 million senior unsecured term loan (the “Acquisition Term Loan”). The Acquisition Term Loan matures on May 6, 2019. Initial pricing for the Acquisition Term Loan is determined by LIBOR plus a margin of 2.0%. Thereafter, the Acquisition Term Loan generally will bear interest at a rate per annum equal to (i) LIBOR, plus a margin ranging from 1.50% to 2.25%, based on the Company’s consolidated leverage ratio or (ii) a Base Rate (as defined in the Credit Agreement), plus a margin ranging from 0.50% to 1.25%, based on the Company’s consolidated leverage ratio. The Acquisition Term Loan is subject to substantially the same covenants as the Revolving Credit Facility, and has the same Guarantors.

On July 22, 2014, the Company announced that it closed the public offering of an aggregate of 4,950,331 shares of TreeHouse common stock (the “Shares”), at a price of $75.50 per share. The Company used the net proceeds ($358 million) from the offering of the Shares to fund, in part, the acquisition of Flagstone.

On May 30, 2014, the Company acquired all of the outstanding equity interests of Protenergy from Whitecastle Investments Limited, Whitecap Venture Partners and others. Protenergy is a privately owned Canadian company that produces carton and recart broth, soups and gravies, both for private label and corporate brands, and also serves as a co-manufacturer of national brands. The Company agreed to pay CAD $170 million in cash for the business, subject to an adjustment for working capital. The acquisition of Protenergy is expected to expand our existing packaging capabilities and enable us to offer customers a full range of soup products as well as leverage our research and development capabilities in the evolution of shelf stable liquids from cans to cartons. The transaction was financed through borrowings under the Company’s Revolving Credit Facility. The acquisition is being accounted for under the acquisition method of accounting.

On May 6, 2014, the Company entered into a new unsecured revolving credit facility (the “Revolving Credit Facility”) with an aggregate commitment of $900 million and a $300 million term loan (the “Term Loan”) pursuant to a credit agreement (the “Credit Agreement”). The Revolving Credit Facility matures on May 6, 2019. We used the proceeds from the Term Loan and a draw at closing on the Revolving Credit Facility to repay in full amounts outstanding under the $750 million unsecured revolving credit facility (the “Prior Credit Agreement”). The Credit Agreement replaced the Prior Credit Agreement, and the Prior Credit Agreement was terminated upon the repayment of the amounts outstanding thereunder on May 6, 2014.

34

The initial pricing for the Revolving Credit Facility is determined by LIBOR plus a margin of 1.50%, which includes a 0.30% facility fee. Thereafter, the Revolving Credit Facility generally will bear interest at a rate per annum equal to (i) LIBOR, plus a margin ranging from 1.25% to 2.00% (inclusive of the facility fee), based on the Company’s consolidated leverage ratio or (ii) a Base Rate (as defined in the Credit Agreement), plus a margin ranging from 0.25% to 1.00% (inclusive of the facility fee), based on the Company’s consolidated leverage ratio.

The Term Loan matures in May 6, 2021. The initial pricing of the Term Loan is determined by LIBOR plus a margin of 1.75%. Thereafter, the Term Loan generally will bear interest at a rate per annum equal to (i) LIBOR, plus a margin ranging from 1.50% to 2.25%, based on the Company’s consolidated leverage ratio or (ii) a Base Rate (as defined in the Credit Agreement), plus a margin ranging from 0.50% to 1.25%, based on the Company’s consolidated leverage ratio. The Term Loan is subject to substantially the same covenants as the Revolving Credit Facility, and also has the same Guarantors.

On March 11, 2014, the Company issued $400 million in aggregate principal amount of 4.875% notes due March 15, 2022 (the “2022 Notes”), the proceeds of which were intended to extinguish $400 million aggregate principal amount outstanding of the previously issued 7.75% notes due March 1, 2018 (the “2018 Notes”). Due to timing, only $298 million of the proceeds were used in the first quarter to extinguish the 2018 Notes. The remaining proceeds were used to pay down the Prior Credit Agreement. On April 10, 2014, the Company extinguished the remaining $102 million of 2018 Notes using borrowings under the Prior Credit Agreement.

Results of Operations

The following table presents certain information concerning our financial results, including information presented as a percentage of net sales:

	Three Months Ended June 30,												Six Months Ended June 30,
	2014						2013						2014						2013
	Dollars			Percent			Dollars			Percent			Dollars			Percent			Dollars			Percent
	(Dollars in thousands)												(Dollars in thousands)
Net sales	$	627,960			100.0	%	$	526,346			100.0	%	$	1,246,863			100.0	%	$	1,066,456			100.0	%
Cost of sales		492,283			78.4			416,778			79.2			978,195			78.5			842,716			79.0
Gross profit		135,677			21.6			109,568			20.8			268,668			21.5			223,740			21.0
Operating expenses:
Selling and distribution		39,594			6.3			31,394			6.0			77,611			6.2			63,796			6.0
General and administrative		40,610			6.4			29,106			5.5			74,378			6.0			56,579			5.3
Other operating (income) expense, net		365			0.1			(136	)		—			1,238			0.1			1,282			0.1
Amortization expense		10,532			1.7			8,227			1.5			20,566			1.6			16,726			1.6
Total operating expenses		91,101			14.5			68,591			13.0			173,793			13.9			138,383			13.0
Operating income		44,576			7.1			40,977			7.8			94,875			7.6			85,357			8.0
Other expenses (income):
Interest expense		9,001			1.4			12,230			2.3			19,874			1.6			25,008			2.4
Interest income		(413	)		(0.1	)		(322	)		(0.1	)		(581	)		—			(1,000	)		(0.1	)
(Gain) loss on foreign currency exchange		(4,099	)		(0.7	)		841			0.2			(1,148	)		(0.1	)		480			—
Loss on extinguishment of debt		5,259			0.9			—			—			21,944			1.7			—			—
Other expense (income), net		1,088			0.2			345			0.1			1,003			0.1			(368	)		—
Total other expense		10,836			1.7			13,094			2.5			41,092			3.3			24,120			2.3
Income before income taxes		33,740			5.4			27,883			5.3			53,783			4.3			61,237			5.7
Income taxes		11,981			1.9			9,318			1.8			17,702			1.4			19,698			1.8
Net income	$	21,759			3.5		$	18,565			3.5	%	$	36,081			2.9	%	$	41,539			3.9	%

35

Three Months Ended June 30, 2014 Compared to Three Months Ended June 30, 2013

Net Sales — Second quarter net sales increased 19.3%, to $628.0 million in 2014, compared to $526.3 million in the second quarter of 2013. The increase is primarily driven by acquisitions and favorable volume/mix in each of our segments that was partially offset by unfavorable foreign exchange with the Canadian dollar. Although the Canadian dollar was stronger in the second quarter of this year as compared to the first quarter, it was still weaker than the second quarter of the prior year. Net sales by segment are shown in the following table:

	Three Months Ended June 30,
	2014		2013		$ Increase/ (Decrease)		% Increase/ (Decrease)
	(Dollars in thousands)
North American Retail Grocery	$	444,244	$	375,744	$	68,500		18.2	%
Food Away From Home		97,285		85,675		11,610		13.6
Industrial and Export		86,431		64,927		21,504		33.1
Total	$	627,960	$	526,346	$	101,614		19.3	%

Cost of Sales — All expenses incurred to bring a product to completion are included in cost of sales. These costs include raw material and packaging costs, labor costs, facility and equipment costs, costs to operate and maintain our warehouses, and costs associated with transporting our finished products from our manufacturing facilities to distribution centers. Cost of sales as a percentage of net sales was 78.4% in the second quarter of 2014, compared to 79.2% in 2013. In 2013, cost of sales included $7.8 million of costs associated with restructurings and facility consolidations, while 2014 cost of sales includes $4.1 million of acquisition and integration related costs. After adjusting for these items, cost of sales as a percentage of net sales was flat year over year, despite the inclusion of lower margin business from recent acquisitions, as an improved sales mix helped offset the negative impact. In addition to improved sales mix, the Company experienced operational efficiencies in our core legacy products.

Operating Expenses — Total operating expenses were $91.1 million in the second quarter of 2014, compared to $68.6 million in 2013. Operating expenses in 2014 resulted from the following:

Selling and distribution expenses increased $8.2 million, or 26.1%, in the second quarter of 2014 compared to 2013. This increase was primarily due to increased distribution and delivery costs resulting from higher volume, increased marketing spend, and acquisitions.

General and administrative expenses increased by $11.5 million in the second quarter of 2014 compared to 2013. Included in the increase are approximately $6.9 million of acquisition and integration costs from recent business combinations. The remaining increase is due to acquisitions and general business growth.

Other operating expense in the second quarter of 2014 was $0.4 million, compared to $0.1 million of income in 2013. These expenses primarily relate to restructuring costs and the prior year included gains on the sale of equipment that offset the expense.

Amortization expense increased $2.3 million in the second quarter of 2014 compared to 2013, due primarily to the amortization of intangible assets from acquisitions and additional Enterprise Resource Planning (“ERP”) system costs.

Interest Expense — Interest expense decreased to $9.0 million in the second quarter of 2014, compared to $12.2 million in 2013, due to lower average interest rates as a result of the Company’s debt refinancing in March of 2014.

Interest Income — Interest income of $0.4 million relates to interest earned on the cash held by our Canadian subsidiaries and gains on investments as discussed in Note 5.

Foreign Currency — The Company’s foreign currency impact was a $4.1 million gain for the second quarter of 2014, compared to a loss of $0.8 million in 2013, primarily due to the strengthening of the Canadian dollar relative to the U.S. dollar in the second quarter, compared to the first quarter of 2014, although the Canadian dollar is still weaker than 2013.

Loss on Extinguishment of Debt — The Company incurred a loss on extinguishment of debt of $5.3 million in the second quarter, related to the extinguishment of the 2018 Notes.

Other Expense (Income), Net — Other expense was $1.1 million for the second quarter of 2014, compared to expense of $0.3 million in 2013.

Income Taxes — Income tax expense was recorded at an effective rate of 35.5% in the second quarter of 2014, compared to 33.4% in 2013. The increase in the effective tax rate for the three months ended June 30, 2014 as compared to 2013 is attributable to an increase in state tax expense, acquisition related expenses that are not deductible for tax purposes, and the tax impact of a shift in revenue between jurisdictions.

36

Three Months Ended June 30, 2014 Compared to Three Months Ended June 30, 2013 — Results by Segment

North American Retail Grocery —

	Three Months Ended June 30,
	2014					2013
	Dollars		Percent			Dollars		Percent
	(Dollars in thousands)
Net sales	$	444,244		100.0	%	$	375,744		100.0	%
Cost of sales		342,844		77.2			291,193		77.5
Gross profit		101,400		22.8			84,551		22.5
Freight out and commissions		18,621		4.2			15,342		4.1
Direct selling and marketing		9,629		2.1			8,069		2.1
Direct operating income	$	73,150		16.5	%	$	61,140		16.3	%

Net sales in the North American Retail Grocery segment increased by $68.5 million, or 18.2%, in the second quarter of 2014 compared to 2013. The change in net sales from 2013 to 2014 was due to the following:

	Dollars			Percent
	(Dollars in thousands)
2013 Net sales	$	375,744
Volume/mix		22,657			6.0	%
Pricing		(1,295	)		(0.3	)
Acquisitions		50,739			13.5
Foreign currency		(3,601	)		(1.0	)
2014 Net sales	$	444,244			18.2	%

The increase in net sales from 2013 to 2014 resulted primarily due to increases from all acquisitions and volume/mix, partially offset by foreign currency. During the second quarter, the Company experienced volume/mix increases in the beverages (primarily single serve hot beverages), pickles and dressings categories, partially offset by volume/mix decreases in the soup category. The roll-out of the Company’s single serve hot beverage program continues to drive a significant portion of the volume/mix increase.

Cost of sales as a percentage of net sales in the second quarter of 2014 decreased when compared to the second quarter of 2013, as the volume growth of higher margin products, specifically single serve beverages, and cost savings from operating efficiencies were partially offset by lower margins from acquisitions. Included in cost of sales for the second quarter of 2014 are acquisition and integration costs of approximately $0.7 million related to Protenergy. Cost of sales in the second quarter of 2014 increased on a dollar basis by $51.7 million as compared to the second quarter of 2013 primarily due to acquisitions and increased volume.

Freight out and commissions paid to independent sales brokers were $18.6 million in the second quarter of 2014, compared to $15.3 million in 2013, an increase of 21.4%, primarily due to acquisitions and increased volume.

Direct selling and marketing expenses were $9.6 million in the second quarter of 2014, and $8.1 million in 2013. The increase in direct selling and marketing expenses was due to acquisitions, as direct selling and marketing expense as a percentage of revenue remained flat.

37

Food Away From Home —

	Three Months Ended June 30,
	2014					2013
	Dollars		Percent			Dollars		Percent
	(Dollars in thousands)
Net sales	$	97,285		100.0	%	$	85,675		100.0	%
Cost of sales		79,209		81.4			68,754		80.2
Gross profit		18,076		18.6			16,921		19.8
Freight out and commissions		3,634		3.7			3,024		3.5
Direct selling and marketing		2,388		2.5			1,939		2.3
Direct operating income	$	12,054		12.4	%	$	11,958		14.0	%

Net sales in the Food Away From Home segment increased by $11.6 million, or 13.6%, in the second quarter of 2014 compared to the prior year. The change in net sales from 2013 to 2014 was due to the following:

	Dollars			Percent
	(Dollars in thousands)
2013 Net sales	$	85,675
Volume/mix		87			0.1	%
Pricing		613			0.7
Acquisitions		11,582			13.6
Foreign currency		(672	)		(0.8	)
2014 Net sales	$	97,285			13.6	%

Net sales increased during the second quarter of 2014, compared to 2013, primarily due the Cains and Associated Brands acquisitions. Volume increases in the beverages and aseptic product categories were partially offset by reductions in the pickles and dressings categories.

Cost of sales as a percentage of net sales increased to 81.4% in the second quarter of 2014, as compared to 80.2% in the second quarter of 2013, reflecting the lower margins associated with the Cains and Associated Brands acquisitions and the impact of foreign exchange. The increase in cost of sales of $10.5 million in the second quarter of 2014 is primarily related to acquisitions.

Freight out and commissions paid to independent sales brokers increased by $0.6 million in the second quarter of 2014, compared to 2013, due to higher costs related to the Cains and Associated Brands acquisitions.

Direct selling and marketing was $2.4 million in the second quarter of 2014, and $1.9 million in 2013. The increase is primarily related to acquisitions and volume growth.

38

Industrial and Export —

	Three Months Ended June 30,
	2014					2013
	Dollars		Percent			Dollars		Percent
	(Dollars in thousands)
Net sales	$	86,431		100.0	%	$	64,927		100.0	%
Cost of sales		70,335		81.4			49,721		76.6
Gross profit		16,096		18.6			15,206		23.4
Freight out and commissions		2,140		2.5			1,270		2.0
Direct selling and marketing		480		0.5			427		0.6
Direct operating income	$	13,476		15.6	%	$	13,509		20.8	%

Net sales in the Industrial and Export segment increased $21.5 million, or 33.1%, in the second quarter of 2014, compared to the prior year. The change in net sales from 2013 to 2014 was due to the following:

	Dollars			Percent
	(Dollars in thousands)
2013 Net sales	$	64,927
Volume/mix		5,681			8.7	%
Pricing		(711	)		(1.1	)
Acquisitions		16,623			25.6
Foreign currency		(89	)		(0.1	)
2014 Net sales	$	86,431			33.1	%

The increase in net sales is primarily due to all acquisitions and improved volume/mix, partially offset by reduced pricing. Higher sales in the beverages (primarily single serve hot beverages) and beverage enhancers (primarily non-dairy creamer) categories were partially offset by lower sales in the cereals category.

Cost of sales as a percentage of net sales increased from 76.6% in the second quarter of 2013, to 81.4% in 2014. Cost of sales in 2014 includes approximately $2.9 million of acquisition and integration costs related to Protenergy that increase cost of sales as a percentage of net sales by approximately 3.4%. The remaining increase is due to a shift in sales mix to lower margin products from our legacy business and acquisitions.

Freight out and commissions paid to independent sales brokers were $2.1 million in the second quarter of 2014, and $1.3 million in 2013. This increase was primarily due to higher volume and acquisitions.

Direct selling and marketing was $0.5 million in the second quarter of 2014, and $0.4 million in 2013. Although the costs associated with direct selling and marketing increased on a dollar basis, they remained consistent as a percentage of sales.

39

Six Months Ended June 30, 2014 Compared to Six Months Ended June 30, 2013

Net Sales — Net sales increased 16.9% to $1,246.9 million in the first six months of 2014, compared to $1,066.5 million in the first six months of 2013. The increase is primarily driven by acquisitions and increases in volume/mix, offset by unfavorable foreign exchange. Although the Canadian dollar strengthened in the second quarter of 2014, it was still weaker during the first six months of 2014 than during the first six months of 2013. Net sales by segment are shown in the following table:

	Six Months Ended June 30,
	2014		2013		$ Increase/ (Decrease)		% Increase/ (Decrease)
			(Dollars in thousands)
North American Retail Grocery	$	896,655	$	761,825	$	134,830		17.7	%
Food Away From Home		185,960		167,488		18,472		11.0	%
Industrial and Export		164,248		137,143		27,105		19.8	%
Total	$	1,246,863	$	1,066,456	$	180,407		16.9	%

Cost of Sales — All expenses incurred to bring a product to completion are included in cost of sales. These costs include raw materials, ingredient and packaging costs, labor costs, facility and equipment costs, costs to operate and maintain our warehouses, and costs associated with transporting our finished products from our manufacturing facilities to distribution centers. Cost of sales as a percentage of net sales was 78.5% in the first six months of 2014, compared to 79.0% in 2013. In 2013, cost of sales included $13.7 million of costs associated with restructurings and facility consolidations, while 2014 cost of sales includes $5.7 million of acquisition and integration related costs. After adjusting for these items, cost of sales as a percentage of net sales was slightly higher year over year, as lower margin business from recent acquisitions and unfavorable exchange rates offset an improved sales mix and operational efficiencies.

Operating Expenses — Total operating expenses were $173.8 million during the first six months of 2014, compared to $138.4 million in 2013. The increase in 2014 resulted from the following:

Selling and distribution expenses increased $13.8 million, or 21.7%, in the first six months of 2014 compared to 2013, primarily due to increased distribution and delivery costs resulting from higher volume, increased marketing spend and acquisitions.

General and administrative expenses increased $17.8 million in the first six months of 2014, compared to 2013. Included in the increase are approximately $7.8 million of acquisition and integration costs from recent business combinations. The remaining increase is primarily due to acquisitions and general business growth.

Amortization expense increased $3.8 million in the first six months of 2014, compared to the first six months of 2013, due primarily to the amortization of intangible assets from acquisitions and additional ERP system costs.

Other operating expense was $1.2 million in the first six months of 2014, compared to $1.3 million in the first six months of 2013, remaining consistent from year to year.

Interest Expense — Interest expense decreased to $19.9 million in the first six months of 2014, compared to $25.0 million in 2013, due to a decrease in average interest rates after the Company’s debt refinancing.

Interest Income — Interest income of $0.6 million relates to interest earned on the cash held by our Canadian subsidiaries and gains on investments as discussed in Note 5 to our Condensed Consolidated Financial Statements.

Foreign Currency — The Company’s foreign currency gain was $1.1 million for the six months ended June 30, 2014 compared to a loss of $0.5 million in 2013, due to fluctuations in currency exchange rates between the U.S. and Canadian dollar. During the second quarter of 2014, the Canadian dollar strengthened in comparison to the U.S. dollar by enough to offset the losses of the first quarter.

Loss on Extinguishment of Debt — The Company incurred a loss on extinguishment of debt of $21.9 million in the first six months of 2014, related to the extinguishment of the 2018 Notes.

Other Expense (Income), Net — Other expense was $1.0 million in the first six months of 2014, compared to income of $0.4 million in 2013.

Income Taxes — Income tax expense was recorded at an effective rate of 32.9% in the first six months of 2014, compared to 32.2% in 2013. The increase in the effective tax rate for the six months ended June 30, 2014 as compared to 2013 is attributable to an increase in state tax expense, acquisition related expenses that are not deductible for tax purposes, and the tax impact of a shift in revenue between jurisdictions.

40

Six Months Ended June 30, 2014 Compared to Six Months Ended June 30, 2013 — Results by Segment

North American Retail Grocery —

	Six Months Ended June 30,
	2014					2013
	Dollars		Percent			Dollars		Percent
	(Dollars in thousands)
Net sales	$	896,655		100.0	%	$	761,825		100.0	%
Cost of sales		692,022		77.2			587,918		77.2
Gross profit		204,633		22.8			173,907		22.8
Freight out and commissions		37,078		4.1			30,786		4.0
Direct selling and marketing		18,829		2.1			16,672		2.2
Direct operating income	$	148,726		16.6	%	$	126,449		16.6	%

Net sales in the North American Retail Grocery segment increased by $134.8 million, or 17.7%, in the first six months of 2014, compared to the first six months of 2013. The change in net sales from 2013 to 2014 was due to the following:

	Dollars			Percent
	(Dollars in thousands)
2013 Net sales	$	761,825
Volume/mix		45,602			6.0	%
Pricing		(212	)		—
Acquisition		97,667			12.8
Foreign currency		(8,227	)		(1.1	)
2014 Net sales	$	896,655			17.7	%

The increase in net sales from 2013 to 2014 is primarily due to all acquisitions and improved volume/mix, partially offset by the impact of unfavorable exchange rates with Canada. During the first six months of the year, the Company experienced volume gains in the beverages (single serve hot beverages), Mexican sauces and pickles categories that were partially offset by decreases in the soup and cereal categories. The roll-out of the Company’s single serve hot beverage program continues to drive a significant portion of the volume/mix increase.

Cost of sales as a percentage of net sales remained consistent at 77.2% for both the six months ended June 30, 2013 and 2014. However, this percentage does not reflect $0.7 million in acquisition costs included in 2014 related to Protenergy. The lower margins from acquisitions and the impact of foreign exchange were offset by improved volume/mix and cost savings from operating efficiencies in the second quarter. The increase in cost of sales of $104.1 million is primarily due to acquisitions and additional volume.

Freight out and commissions paid to independent sales brokers were $37.1 million in the first six months of 2014, compared to $30.8 million in 2013, an increase of 20.4%, due to acquisitions and volume growth.

Direct selling and marketing expenses were $18.8 million in the first six months of 2014, compared to $16.7 million in 2013. As a percentage of sales, these costs remained consistent from year to year.

41

Food Away From Home —

	Six Months Ended June 30,
	2014					2013
	Dollars		Percent			Dollars		Percent
	(Dollars in thousands)
Net sales	$	185,960		100.0	%	$	167,488		100.0	%
Cost of sales		153,072		82.3			134,844		80.5
Gross profit		32,888		17.7			32,644		19.5
Freight out and commissions		6,929		3.7			5,797		3.5
Direct selling and marketing		4,416		2.4			3,989		2.4
Direct operating income	$	21,543		11.6	%	$	22,858		13.6	%

Net sales in the Food Away From Home segment increased by $18.5 million, or 11.0%, in the first six months of 2014 compared to the prior year. The change in net sales from 2013 to 2014 was due to the following:

	Dollars			Percent
	(Dollars in thousands)
2013 Net sales	$	167,488
Volume/mix		(1,787	)		(1.1	)%
Pricing		975			0.6
Acquisition		20,780			12.4
Foreign currency		(1,496	)		(0.9	)
2014 Net sales	$	185,960			11.0	%

Net sales increased during the first six months of 2014, compared to 2013, primarily due to the Cains and Associated Brands acquisitions, partially offset by slightly lower volume/mix and unfavorable foreign currency. Volume increases in the beverages category (primarily single serve hot beverages) were offset by reductions in the pickles and dressings categories. Volumes were challenged in the first quarter due to unfavorable weather conditions, but showed some improvement in the second quarter.

Cost of sales as a percentage of net sales increased from 80.5% in the first six months of 2013, to 82.3% in 2014, due to the impact of lower margin sales from acquisitions, along with operational inefficiencies at several of our legacy plants in the first quarter. Also leading to a higher cost of sales was the impact of foreign exchange. The increase in cost of sales of $18.2 million is primarily related to acquisitions.

Freight out and commissions paid to independent sales brokers were $6.9 million in the first six months of 2014, compared to $5.8 million in 2013, due to higher costs related to acquisitions, partially offset by lower volumes.

Direct selling and marketing was $4.4 million in the first six months of 2014, compared to $4.0 million in 2013. As a percentage of sales, these costs remained consistent from year to year.

42

Industrial and Export —

	Six Months Ended June 30,
	2014					2013
	Dollars		Percent			Dollars		Percent
			(Dollars in thousands)
Net sales	$	164,248		100.0	%	$	137,143		100.0	%
Cost of sales		130,708		79.6			107,416		78.3
Gross profit		33,540		20.4			29,727		21.7
Freight out and commissions		3,720		2.3			2,915		2.1
Direct selling and marketing		894		0.5			898		0.7
Direct operating income	$	28,926		17.6	%	$	25,914		18.9	%

Net sales in the Industrial and Export segment increased $27.1 million, or 19.8%, in the first six months of 2014 compared to the prior year. The change in net sales from 2013 to 2014 was due to the following:

	Dollars			Percent
	(Dollars in thousands)
2013 Net sales	$	137,143
Volume/mix		2,757			2.0	%
Pricing		(1,372	)		(1.0	)
Acquisition		25,934			19.0
Foreign currency		(214	)		(0.2	)
2014 Net sales	$	164,248			19.8	%

The increase in net sales is primarily due to all acquisitions and improved volume/mix in the second quarter, partially offset by pricing concessions and unfavorable foreign currency. Higher volumes of single serve hot beverages were partially offset by lower volumes of non-dairy powdered creamer and infant feeding products.

Cost of sales as a percentage of net sales increased from 78.3% in the first six months of 2013, to 79.6% in 2014, primarily due to acquisitions. Cost of sales in 2014 includes approximately $2.9 million of acquisition and integration costs related to Protenergy that increase the percentage of cost of sales as a percentage of net sales by approximately 1.8%. Also leading to a higher cost of sales was the impact of foreign exchange.

Freight out and commissions paid to independent sales brokers were $3.7 million in the first six months of 2014, compared to $2.9 million in 2013. This increase is due to the increase in volume and higher costs associated with acquisitions.

Direct selling and marketing was $0.9 million in the first six months of 2014 and 2013. The Company did not incur significant additional marketing costs, as this segment focuses on long-term customer contracts.

43

Liquidity and Capital Resources

Cash Flow

Management assesses the Company’s liquidity in terms of its ability to generate cash to fund its operating, investing and financing activities. The Company continues to generate substantial cash flow from operating activities and remains in a strong financial position, with resources available for reinvestment in existing businesses, acquisitions and managing its capital structure on a short and long-term basis. If additional borrowings are needed, approximately $580.2 million was available under the Revolving Credit Facility as of June 30, 2014. Immediately following the acquisition of Flagstone, the Company had $220.1 million available under the Revolving Credit Facility. See Note 11 to our Condensed Consolidated Financial Statements for additional information regarding our Revolving Credit Facility. We believe that, given our cash flow from operating activities and our available credit capacity, we can comply with the current terms of the Revolving Credit Facility and meet our foreseeable financial requirements.

The Company’s cash flows from operating, investing and financing activities, as reflected in the Condensed Consolidated Statements of Cash Flows are summarized in the following tables:

	Six Months Ended June 30,
	2014			2013
	(In thousands)
Cash flows from operating activities:
Net income	$	36,081		$	41,539
Depreciation and amortization		52,657			55,138
Stock-based compensation		9,699			7,108
Deferred income taxes		(1,106	)		2,138
Loss on extinguishment of debt		21,944			—
Changes in operating assets and liabilities, net of acquisitions		(28,780	)		(34,222	)
Other		(7,102	)		(1,659	)
Net cash provided by operating activities	$	83,393		$	70,042

Our cash provided by operations was $83.4 million in the first six months of 2014, compared to $70.0 million in 2013, an increase of $13.4 million. The increase in cash provided by operations was mainly attributable to higher income after considering the non-cash loss on extinguishment of debt resulting from increased volume/mix, acquisitions and lower interest expense. Also contributing to the increase were changes in working capital, as a greater use of accounts payable provided additional cash for operations, which was the result of the timing of payments. Offsetting the impact of cash provided from accounts payable was a greater use of cash in 2014 for inventories, resulting from an inventory build as the Company continues the rollout of the single serve beverage program. Further offsetting cash provided from operations was a greater use of cash related to the excess tax benefit from stock based activities as the Company continues to experience higher levels of stock option exercises as initial awards near expiration.

	Six Months Ended June 30,
	2014			2013
	(In thousands)
Cash flows from investing activities:
Additions to property, plant and equipment	$	(30,489	)	$	(35,641	)
Additions to other intangible assets		(5,400	)		(3,255	)
Purchase of investments		(353	)		(7,585	)
Acquisition of business, net of cash acquired		(140,835	)		—
Other		590			1,072
Net cash used in investing activities	$	(176,487	)	$	(45,409	)

In the first six months of 2014, cash used in investing activities increased by $131.1 million, compared to 2013. The increase in cash used in investing activities was mainly attributable to the acquisition of Protenergy in the second quarter of 2014, partially offset by decreased investments in property, plant and equipment in 2014 and a decrease in the purchase of investments, as less excess cash was available for investments in 2014.

We expect capital spending programs to be approximately $95 million in 2014. Capital spending in 2014 is focused on food safety, quality, additional capacity, productivity improvements, continued implementation of an ERP system, and routine equipment upgrades or replacements at our plants.

44

	Six Months Ended June 30,
	2014			2013
	(In thousands)
Cash flows from financing activities:
Net borrowings of (payments for) debt	$	72,808		$	(85,149	)
Payment of deferred financing costs		(12,869	)		—
Payment of debt premium for extinguishment of debt		(16,693	)		—
Equity award financing activities		18,092			(95	)
Net cash provided by (used in) financing activities	$	61,338		$	(85,244	)

Net cash provided by financing activities was $61.3 million in the first six months of 2014, compared to net cash used in financing activities financing activities of $85.2 million in 2013. During the first six months of 2014, the Company acquired Protenergy using funds from the Revolving Credit Facility, while there were no acquisitions in the corresponding period of the prior year, which resulted in a net pay down of debt in 2013. During the current period, the Company also refinanced its Prior Credit Agreement and the 2018 Notes resulting in the payment of deferred financing fees and a premium to extinguish the 2018 Notes. Another contributor to the increase in cash provided by financing activities was the higher level of stock option exercises as compared to the prior period, resulting in the contribution of $18.1 million of cash. The Company expects stock option exercise activity to continue at higher than historical levels throughout 2014 as initial awards near expiration.

As of June 30, 2014, $14.3 million of cash held by our Canadian subsidiaries as cash and cash equivalents and short term investments is expected to be used for general corporate purposes in Canada, including capital projects and acquisitions.

Cash provided by operating activities is used to pay down debt and fund investments in property, plant and equipment.

The Company’s short-term financing needs are primarily to finance working capital during the year. As the Company continues to add new product categories to our portfolio, spikes in financing needs are lessened. Vegetable and fruit production are driven by harvest cycles, which occur primarily during the spring and summer as inventories of pickles and jams generally are at a low point in late spring and at a high point during the fall, increasing our working capital requirements. In addition, the Company builds inventories of salad dressings in the spring and soup in the summer months in anticipation of large seasonal shipments that begin in the second and third quarters, respectively. Non-dairy creamer inventory builds in the fall for the expected winter sales. Our long-term financing needs will depend largely on potential acquisition activity. We expect our Revolving Credit Facility, plus cash flow from operations, to be adequate to provide liquidity for current operations.

Debt Obligations

At June 30, 2014, we had $309 million in borrowings outstanding under our Revolving Credit Facility, $300 million outstanding under our Term Loan, $400 million of 2022 Notes outstanding, and $11.5 million of tax increment financing and other obligations. In addition, at June 30, 2014, there were $10.8 million in letters of credit under the Revolving Credit Facility that were issued but undrawn.

Also, at June 30, 2014, our Revolving Credit Facility provided for an aggregate commitment of $900 million, of which $580.2 million was available. Interest rates on debt outstanding under our Revolving Credit Facility for the three months ended June 30, 2014 averaged 1.56%

We are in compliance with applicable debt covenants as of June 30, 2014. From an interest coverage ratio perspective, the Company’s actual ratio as of June 30, 2014 is nearly 92.8% higher than the minimum required level. As it relates to the leverage ratio, the Company was approximately 15.4% below the maximum level (where the maximum level is not increased in the event of an acquisition).

See Note 11 to our Condensed Consolidated Financial Statements for additional information regarding our indebtedness and related agreements.

45

Other Commitments and Contingencies

We also have the following commitments and contingent liabilities, in addition to contingent liabilities related to the ordinary course of litigation, investigations and tax audits:

• certain lease obligations, and

• selected levels of property and casualty risks, primarily related to employee health care, workers’ compensation claims and other casualty losses.

See Note 18 to our Condensed Consolidated Financial Statements in Part I — Item 1 of this Form 10-Q and Note 17 to our Consolidated Financial Statements in our Annual Report on Form 10-K for the fiscal year ended December 31, 2013 for more information about our commitments and contingent obligations.

Recent Accounting Pronouncements

Information regarding recent accounting pronouncements is provided in Note 2 to the Company’s Condensed Consolidated Financial Statements.

Critical Accounting Policies

A description of the Company’s critical accounting policies is contained in our Annual Report on Form 10-K for the year ended December 31, 2013. There were no material changes to our critical accounting policies in the six months ended June 30, 2014.

Off-Balance Sheet Arrangements

We do not have any obligations that meet the definition of an off-balance sheet arrangement, other than operating leases and letters of credit, which have or are reasonably likely to have a material effect on our Condensed Consolidated Financial Statements.

Forward Looking Statements

From time to time, we and our representatives may provide information, whether orally or in writing, including certain statements in this Quarterly Report on Form 10-Q, which are deemed to be “forward-looking” within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Litigation Reform Act”). These forward-looking statements and other information are based on our beliefs as well as assumptions made by us using information currently available.

The words “anticipate,” “believe,” “estimate,” “project,” “expect,” “intend,” “plan,” “should” and similar expressions, as they relate to us, are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected or intended. We do not intend to update these forward-looking statements following the date of this report.

In accordance with the provisions of the Litigation Reform Act, we are making investors aware that such forward-looking statements, because they relate to future events, are by their very nature subject to many important factors that could cause actual results to differ materially from those contemplated by the forward-looking statements contained in this Quarterly Report on Form 10-Q and other public statements we make. Such factors include, but are not limited to: the outcome of litigation and regulatory proceedings to which we may be a party; the impact of product recalls; actions of competitors; changes and developments affecting our industry; quarterly or cyclical variations in financial results; our ability to obtain suitable pricing for our products; development of new products and services; our level of indebtedness; the availability of financing on commercially reasonable terms; cost of borrowing; our ability to maintain and improve cost efficiency of operations; changes in foreign currency exchange rates; interest rates; raw material and commodity costs; changes in economic conditions; political conditions; reliance on third parties for manufacturing of products and provision of services; general U.S. and global economic conditions; the financial condition of our customers and suppliers; consolidations in the retail grocery and foodservice industries; our ability to continue to make acquisitions in accordance with our business strategy or effectively manage the growth from acquisitions; and other risks that are set forth in the Risk Factors section, the Legal Proceedings section, the Management’s Discussion and Analysis of Financial Condition and Results of Operations section and other sections of this Quarterly Report on Form 10-Q, our Annual Report on Form 10-K for the year ended December 31, 2013 and from time to time in our filings with the Securities and Exchange Commission.

46

Item 3. Quantitative and Qualitative Disclosures About Market Risk

Interest Rate Fluctuations

As of June 30, 2014, the Company was party to an unsecured Revolving Credit Facility with an aggregate commitment of $900 million, with an interest rate based on the Company’s consolidated leverage ratio, and determined by either LIBOR plus a margin ranging from 1.25% to 2.00%, or a base rate (as defined in the Revolving Credit Facility) plus a margin ranging from 0.25% to 1.00%.

We do not hold any derivative financial instruments which could expose us to significant interest rate market risk, as of June 30, 2014. Our exposure to market risk for changes in interest rates relates primarily to the increase in the amount of interest expense we expect to pay with respect to our Revolving Credit Facility, which is tied to variable market rates. Based on our outstanding debt balance of $309 million under our Revolving Credit Facility at June 30, 2014, each 1% rise in our interest rate would increase our interest expense by approximately $3.1 million annually.

Input Costs

The costs of raw materials, packaging materials, fuel, and energy have varied widely in recent years and future changes in such costs may cause our results of operations and our operating margins to fluctuate significantly. When comparing the second quarter of 2014 to the second quarter of 2013, price increases in packaging and commodity costs such as dairy products and glass, were offset by price decreases in corn sweeteners, soybean oil, and coffee. We expect the volatile nature of these costs to continue with an overall upward trend.

We manage the cost of certain raw materials by entering into forward purchase contracts. Forward purchase contracts help us manage our business and reduce cost volatility. Some of these forward purchase contracts qualify as derivatives; however, the majority of commodity forward contracts are not derivatives. Those that are derivatives generally qualify for the normal purchases and normal sales scope exception under the guidance for derivative instruments and hedging activities, and therefore are not subject to its provisions. For derivative commodity contracts that do not qualify for the normal purchases and normal sales scope exception, the Company records their fair value on the Company’s Condensed Consolidated Balance Sheets, with changes in value being recorded in the Condensed Consolidated Statements in Income

We use a significant volume of fruits and vegetables in our operations as raw materials. Certain of these fruits and vegetables are purchased under seasonal grower contracts with a variety of growers strategically located to supply our production facilities. Bad weather or disease in a particular growing area can damage or destroy the crop in that area. If we are unable to buy the fruits and vegetables from local suppliers, we would purchase them from more distant locations, including other locations within the United States, Mexico or India, thereby increasing our production costs.

Changes in the prices of our products may lag behind changes in the costs of our products. Competitive pressures also may limit our ability to quickly raise prices in response to increased raw materials, packaging, fuel, and energy costs. Accordingly, if we are unable to increase our prices to offset increasing costs, our operating profits and margins could be materially affected. In addition, in instances of declining input costs, customers may be looking for price reductions in situations where we have locked into pricing at higher costs.

Fluctuations in Foreign Currencies

The Company has operations in Canada, where the functional currency is the Canadian dollar. Items that give rise to foreign exchange transaction gains and losses primarily include foreign denominated intercompany loans and input costs. For the six months ended June 30, 2014 and 2013 the Company recognized a gain of $1.1 million and a loss of $0.5 million, respectively in the foreign exchange line on the Condensed Consolidated Statements of Income.

Also impacted by foreign exchange is the translation of the Company’s Canadian financial statements. For the six months ended June 30, 2014 and 2013, the Company recognized losses of $1.0 million and $19.5 million, respectively, as a component of Accumulated other comprehensive income.

The Company enters into foreign currency contracts due to the exposure to Canadian/U.S. dollar currency fluctuations on cross border transactions. The Company does not apply hedge accounting to these contracts and records them at fair value on the Condensed Consolidated Balance Sheets. The contracts are entered into for the purchase of U.S. dollar denominated raw materials by our Canadian subsidiary. As of June 30, 2014, the Company had $27.9 million of U.S. dollar foreign currency contracts outstanding. The Company had no foreign currency contracts outstanding as of June 30, 2013.

47

Item 4. Controls and Procedures

The Company maintains a system of disclosure controls and procedures to give reasonable assurance that information required to be disclosed in the Company’s reports filed or submitted under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the Securities and Exchange Commission. These controls and procedures also give reasonable assurance that information required to be disclosed in such reports is accumulated and communicated to management to allow timely decisions regarding required disclosures.

As of June 30, 2014, the Company’s Chief Executive Officer (“CEO”) and Chief Financial Officer (“CFO”), together with management, conducted an evaluation of the effectiveness of the Company’s disclosure controls and procedures pursuant to Rules 13a-15(e) and 15d-15(e) of the Exchange Act. Based on that evaluation, the CEO and CFO concluded that these disclosure controls and procedures are effective. We have excluded Protenergy from our evaluation of disclosure controls and procedures as of June 30, 2014 because Protenergy was acquired by the Company on May 30, 2014. The net sales and total assets of Protenergy represented approximately 1.7% and 6.8%, respectively, of the Condensed Consolidated Financial Statement amounts as of and for the quarter ended June 30, 2014.

There has been no change in the Company’s internal control over financial reporting that occurred during the quarter ended June 30, 2014 that has materially affected or is reasonably likely to materially affect the Company’s internal control over financial reporting.

48

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and Stockholders of

TreeHouse Foods, Inc.

Oak Brook, Illinois

We have reviewed the accompanying condensed consolidated balance sheet of TreeHouse Foods, Inc. and subsidiaries (the “Company”) as of June 30, 2014, and the related condensed consolidated statements of income and comprehensive income for the three and six month periods ended June 30, 2014 and 2013, and of cash flows for the six-month periods ended June 30, 2014 and 2013. This interim financial information is the responsibility of the Company’s management.

We conducted our reviews in accordance with the standards of the Public Company Accounting Oversight Board (United States). A review of interim financial information consists principally of applying analytical procedures and making inquiries of persons responsible for financial and accounting matters. It is substantially less in scope than an audit conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States), the objective of which is the expression of an opinion regarding the financial information taken as a whole. Accordingly, we do not express such an opinion.

Based on our reviews, we are not aware of any material modifications that should be made to such condensed consolidated interim financial information for it to be in conformity with accounting principles generally accepted in the United States of America.

We have previously audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the consolidated balance sheet of TreeHouse Foods, Inc. and subsidiaries as of December 31, 2013, and the related consolidated statements of income, comprehensive income, stockholders’ equity, and cash flows for the year then ended (not presented herein); and in our report dated February 20, 2014, we expressed an unqualified opinion on those consolidated financial statements. In our opinion, the information set forth in the accompanying condensed consolidated balance sheet as of December 31, 2013 is fairly stated, in all material respects, in relation to the consolidated balance sheet from which it has been derived.

/s/ DELOITTE & TOUCHE LLP

Chicago, Illinois

August 7, 2014

49

Part II — Other Information

Item 1. Legal Proceedings

We are party to a variety of legal proceedings arising out of the conduct of our business. While the results of proceedings cannot be predicted with certainty, management believes that the final outcome of these proceedings will not have a material adverse effect on our consolidated financial statements, results of operations or cash flows.

Item 1A. Risk Factors

Information regarding risk factors appears in Management’s Discussion and Analysis of Financial Condition and Results of Operations — Information Related to Forward-Looking Statements, in Part I — Item 2 of this Form 10-Q and in Part I — Item 1A of the TreeHouse Foods, Inc. Annual Report on Form 10-K for the year ended December 31, 2013. There have been no material changes from the risk factors previously disclosed in the TreeHouse Foods, Inc. Annual Report on Form 10-K for the year ended December  31, 2013.

Item 5. Other Information

None

Item 6. Exhibits

2.1	Stock purchase agreement, dated as of April 18, 2014, by and among TreeHouse Foods, Inc., Whitecastle Investments Limited, the other sellers party thereto and PFF Capital is incorporated by reference to Exhibit 2.1 to our Current Report on Form 8-K dated April 18, 2014.
2.2	Agreement and Plan of Merger, dated as of June 27, 2014, by and among Bay Valley Foods LLC, Snacks Acquisition Sub, Inc., Snacks Parent Corporation and Gryphon Partners is incorporated by reference to Exhibit 2.1 to our Current Report on Form 8-K dated June 27, 2014.
10.1	Credit Agreement, dated as of May 6, 2014, between the Company, Bank of America, N.A. and the other lenders party thereto is incorporated by reference to Exhibit 10.1 to our Current Report on Form 8-K dated May 6, 2014.
12.1	Computation of Ratio of Earnings to Fixed Changes.
15.1	Awareness Letter from Deloitte & Touche LLP regarding unaudited financial information.
31.1	Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2	Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1	Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2	Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101.INS	XBRL Instance Document.
101.SCH	XBRL Taxonomy Extension Schema Document.
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document.
101.LAB	XBRL Taxonomy Extension Label Linkbase Document.
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document.
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document.

50

SIGNATURES

Pursuant to the requirement of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

TREEHOUSE FOODS, INC.

/s/ Dennis F. Riordan

Dennis F. Riordan

Executive Vice President and Chief Financial Officer

August 7, 2014

51

EX-12.1

Exhibit 12.1

TreeHouse Foods, Inc.

Computation of Ratio of Earnings to Fixed Charges

(Dollars in thousands)

	Six Months Ended June 30, 2014			Year Ended December 31, 2013
Earnings:
Income before income taxes	$	53,783		$	124,910
Add (deduct):
Fixed charges		29,423			66,913
Capitalized interest, net of amortization		(55	)		389
Other		—			231
Earnings available for fixed charges (a)	$	83,151		$	192,443
Fixed charges:
Interest expense	$	19,874		$	49,304
Capitalized interest and tax interest		20			57
One third of rental expense (1)		9,529			17,552
Total fixed charges (b)	$	29,423		$	66,913
Ratio of earnings to fixed charges (a/b)		2.83			2.88

⁽¹⁾  Considered to be representative of interest factor in rental expense.

EX-15.1

Exhibit 15.1

August 7, 2014

TreeHouse Foods, Inc.

2021 Spring Road

Suite 600

Oak Brook, IL 60523

We have reviewed, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the unaudited interim financial information of TreeHouse Foods, Inc. and subsidiaries for the periods ended June 30, 2014 and 2013, as indicated in our report dated August 7, 2014; because we did not perform an audit, we expressed no opinion on that information.

We are aware that our report referred to above, which is included in your Quarterly Report on Form 10-Q for the quarter ended June 30, 2014, is incorporated by reference in Registration Statement Nos. 333-126161, 333-150053, and 333-183321 on Form S-8 and Registration Statement No. 333-192440 on Form S-3.

We are also aware that the aforementioned report, pursuant to Rule 436(c) under the Securities Act of 1933, is not considered a part of the Registration Statement prepared or certified by an accountant or a report prepared or certified by an accountant within the meaning of Sections 7 and 11 of that Act.

/s/ DELOITTE & TOUCHE LLP

Chicago, Illinois

EX-31.1

Exhibit 31.1

CERTIFICATION PURSUANT TO SECTION 302

OF THE SARBANES-OXLEY ACT OF 2002

I, Sam K. Reed, certify that:

1. I have reviewed this quarterly report on Form 10-Q of TreeHouse Foods, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 7, 2014

/s/ Sam K. Reed

Sam K. Reed

Chairman of the Board, President and Chief Executive Officer

EX-31.2

Exhibit 31.2

CERTIFICATION PURSUANT TO SECTION 302

OF THE SARBANES-OXLEY ACT OF 2002

I, Dennis F. Riordan, certify that:

1. I have reviewed this quarterly report on Form 10-Q of TreeHouse Foods, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 7, 2014

/s/ Dennis F. Riordan

Dennis F. Riordan

Executive Vice President and Chief Financial Officer

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,

ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report on Form 10-Q of TreeHouse Foods, Inc. (the “Company”) for the period ended June 30, 2014, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Sam K. Reed, Chairman of the Board, President and Chief Executive Officer of the Company, certify to the best of my knowledge, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ Sam K. Reed

Sam K. Reed

Chairman of the Board, President and Chief Executive Officer

Date: August 7, 2014

EX-32.2

Exhibit 32.2

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,

ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report on Form 10-Q of TreeHouse Foods, Inc. (the “Company”) for the period ended June 30, 2014, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Dennis F. Riordan, Executive Vice President and Chief Financial Officer of the Company, certify to the best of my knowledge, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ Dennis F. Riordan

Dennis F. Riordan

Executive Vice President and Chief Financial Officer

Date: August 7, 2014

XML

Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2014

Summary of Effect of Share-Based Compensation Awards on Weighted Average Number of Shares Outstanding Used in Calculating Diluted Earnings Per Share

The following table summarizes the effect of the share-based compensation awards on the weighted average number of shares outstanding used in calculating diluted earnings per share:

	Three Months Ended June 30,				Six Months Ended June 30,
	2014		2013		2014		2013
	(In thousands)				(In thousands)
Weighted average common shares outstanding		36,961		36,337		36,822		36,323
Assumed exercise/vesting of equity awards (1)		1,029		1,036		1,039		989
Weighted average diluted common shares outstanding		37,990		37,373		37,861		37,312

(1) Incremental shares from stock-based compensation awards (equity awards) are computed by the treasury stock method. Equity awards, excluded from our computation of diluted earnings per share because they were anti-dilutive, were 0.4 million for the three and six months ended June 30, 2014 and 0.7 million for the three and six months ended June 30, 2013, respectively.

XML

Investments (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Investment [Line Items]
Total investments	$ 9,386	$ 8,680
U.S. Equity
Investment [Line Items]
Total investments	5,786	5,254
Non-U.S. Equity
Investment [Line Items]
Total investments	1,796	1,669
Fixed Income
Investment [Line Items]
Total investments	$ 1,804	$ 1,757

XML

Guarantor and Non-Guarantor Financial Information (Tables)

6 Months Ended

Jun. 30, 2014

Condensed Supplemental Consolidating Balance Sheet

Condensed Supplemental Consolidating Balance Sheet

June 30, 2014

(In thousands)

	Parent Company		Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	—	$	1	$	17,012		$	—		$	17,013
Investments		—		—		9,386			—			9,386
Receivables, net		—		107,297		47,591			—			154,888
Inventories, net		—		363,383		135,550			—			498,933
Deferred income taxes		—		10,220		3,013			—			13,233
Prepaid expenses and other current assets		28,563		11,285		6,220			(20,581	)		25,487
Total current assets		28,563		492,186		218,772			(20,581	)		718,940
Property, plant and equipment, net		13,188		377,073		106,410			—			496,671
Goodwill		—		959,440		204,524			—			1,163,964
Investment in subsidiaries		2,207,315		301,559		—			(2,508,874	)		—
Intercompany accounts receivable (payable), net		69,044		258,186		(327,230	)		—			—
Deferred income taxes		14,474		—		—			(14,474	)		—
Identifiable intangible and other assets, net		54,903		277,787		200,091			—			532,781
Total assets	$	2,387,487	$	2,666,231	$	402,567		$	(2,543,929	)	$	2,912,356
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable and accrued expenses	$	34,810	$	222,523	$	52,166		$	(20,581	)	$	288,918
Current portion of long-term debt		—		1,535		2,404			—			3,939
Total current liabilities		34,810		224,058		54,570			(20,581	)		292,857
Long-term debt		1,009,000		2,663		4,913			—			1,016,576
Deferred income taxes		—		214,339		40,779			(14,474	)		240,644
Other long-term liabilities		7,228		17,856		746			—			25,830
Stockholders’ equity		1,336,449		2,207,315		301,559			(2,508,874	)		1,336,449
Total liabilities and stockholders’ equity	$	2,387,487	$	2,666,231	$	402,567		$	(2,543,929	)	$	2,912,356

Condensed Supplemental Consolidating Balance Sheet

December 31, 2013

(In thousands)

	Parent Company		Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	23,268	$	43	$	23,164		$	—		$	46,475
Investments		—		—		8,680			—			8,680
Accounts receivable, net		258		116,464		36,041			—			152,763
Inventories, net		—		314,912		90,786			—			405,698
Deferred income taxes		—		18,534		3,375			—			21,909
Prepaid expenses and other current assets		27,890		12,593		758			(27,077	)		14,164
Total current assets		51,416		462,546		162,804			(27,077	)		649,689
Property, plant and equipment, net		13,426		379,380		69,469			—			462,275
Goodwill		—		959,440		159,764			—			1,119,204
Investment in subsidiaries		1,970,351		258,305		—			(2,228,656	)		—
Intercompany accounts receivable (payable), net		154,742		68,407		(223,149	)		—			—
Deferred income taxes		13,545		—		—			(13,545	)		—
Intangible and other assets, net		46,943		288,873		154,070			—			489,886
Total assets	$	2,250,423	$	2,416,951	$	322,958		$	(2,269,278	)	$	2,721,054
Current liabilities:
Accounts payable and accrued expenses	$	26,127	$	204,920	$	34,843		$	(27,077	)	$	238,813
Current portion of long-term debt		—		1,498		53			—			1,551
Total current liabilities		26,127		206,418		34,896			(27,077	)		240,364
Long-term debt		935,000		3,580		365			—			938,945
Deferred income taxes		206		213,219		28,689			(13,545	)		228,569
Other long-term liabilities		15,972		23,383		703			—			40,058
Stockholders’ equity		1,273,118		1,970,351		258,305			(2,228,656	)		1,273,118
Total liabilities and stockholders’ equity	$	2,250,423	$	2,416,951	$	322,958		$	(2,269,278	)	$	2,721,054

Condensed Supplemental Consolidating Statement of Income

Condensed Supplemental Consolidating Statement of Income

Three Months Ended June 30, 2014

(In thousands)

	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	537,886		$	154,221		$	(64,147	)	$	627,960
Cost of sales		—			421,380			135,050			(64,147	)		492,283
Gross profit		—			116,506			19,171			—			135,677
Selling, general and administrative expense		17,333			50,695			12,176			—			80,204
Amortization		1,411			5,953			3,168			—			10,532
Other operating income, net		—			356			9			—			365
Operating (loss) income		(18,744	)		59,502			3,818			—			44,576
Interest expense		8,776			201			4,464			(4,440	)		9,001
Interest income		—			(4,444	)		(409	)		4,440			(413	)
Loss on extinguishment of debt		5,259			—			—			—			5,259
Other expense (income), net		9			(2,399	)		(621	)		—			(3,011	)
(Loss) income before income taxes		(32,788	)		66,144			384			—			33,740
Income taxes (benefit)		(12,641	)		24,442			180			—			11,981
Equity in net income (loss) of subsidiaries		41,906			204			—			(42,110	)		—
Net income (loss)	$	21,759		$	41,906		$	204		$	(42,110	)	$	21,759

Condensed Supplemental Consolidating Statement of Income

Three Months Ended June 30, 2013

(In thousands)

	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	471,138		$	76,086		$	(20,878	)	$	526,346
Cost of sales		—			374,912			62,744			(20,878	)		416,778
Gross profit		—			96,226			13,342			—			109,568
Selling, general and administrative expense		10,216			43,963			6,321			—			60,500
Amortization		1,321			5,756			1,150			—			8,227
Other operating (income) expense, net		—			(517	)		381			—			(136	)
Operating (loss) income		(11,537	)		47,024			5,490			—			40,977
Interest expense		12,085			154			3,521			(3,530	)		12,230
Interest income		—			(3,530	)		(322	)		3,530			(322	)
Other (income) expense, net		(2	)		543			645			—			1,186
(Loss) income before income taxes		(23,620	)		49,857			1,646			—			27,883
Income taxes (benefit)		(15,812	)		24,611			519			—			9,318
Equity in net income (loss) of subsidiaries		26,373			1,127			—			(27,500	)		—
Net income (loss)	$	18,565		$	26,373		$	1,127		$	(27,500	)	$	18,565

Condensed Supplemental Consolidating Statement of Income

Six Months Ended June 30, 2014

(In thousands)

	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	1,073,048		$	283,186		$	(109,371	)	$	1,246,863
Cost of sales		—			843,280			244,286			(109,371	)		978,195
Gross profit		—			229,768			38,900			—			268,668
Selling, general and administrative expense		31,392			96,728			23,869			—			151,989
Amortization		2,923			11,728			5,915			—			20,566
Other operating expense, net		—			1,217			21			—			1,238
Operating (loss) income		(34,315	)		120,095			9,095			—			94,875
Interest expense		19,465			385			8,300			(8,276	)		19,874
Interest income		—			(8,304	)		(553	)		8,276			(581	)
Loss on extinguishment of debt		21,944			—			—			—			21,944
Other expense (income), net		9			(715	)		561			—			(145	)
(Loss) income before income taxes		(75,733	)		128,729			787			—			53,783
Income taxes (benefit)		(29,933	)		47,289			346			—			17,702
Equity in net income (loss) of subsidiaries		81,881			441			—			(82,322	)		—
Net income (loss)	$	36,081		$	81,881		$	441		$	(82,322	)	$	36,081

Condensed Supplemental Consolidating Statement of Income

Six Months Ended June 30, 2013

(In thousands)

	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	957,072		$	147,433		$	(38,049	)	$	1,066,456
Cost of sales		—			759,288			121,477			(38,049	)		842,716
Gross profit		—			197,784			25,956			—			223,740
Selling, general and administrative expense		24,617			83,151			12,607			—			120,375
Amortization		2,599			11,808			2,319			—			16,726
Other operating expense, net		—			419			863			—			1,282
Operating (loss) income		(27,216	)		102,406			10,167			—			85,357
Interest expense		24,579			438			7,045			(7,054	)		25,008
Interest income		—			(7,054	)		(1,000	)		7,054			(1,000	)
Other (income) expense, net		(2	)		(146	)		260			—			112
(Loss) income before income taxes		(51,793	)		109,168			3,862			—			61,237
Income taxes (benefit)		(29,204	)		47,808			1,094			—			19,698
Equity in net income of subsidiaries		64,128			2,768			—			(66,896	)		—
Net income (loss)	$	41,539		$	64,128		$	2,768		$	(66,896	)	$	41,539

Condensed Supplemental Consolidating Statement of Comprehensive Income

Condensed Supplemental Consolidating Statement of Comprehensive Income

Three Months Ended June 30, 2014

(In thousands)

	Parent Company		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
Net income (loss)	$	21,759	$	41,906	$	204	$	(42,110	)	$	21,759
Other comprehensive income:
Foreign currency translation adjustments		—		4,768		6,138		—			10,906
Pension and post-retirement reclassification adjustment, net of tax		—		103		—		—			103
Other comprehensive income		—		4,871		6,138		—			11,009
Equity in other comprehensive income (loss) of subsidiaries		11,009		6,138		—		(17,147	)		—
Comprehensive income (loss)	$	32,768	$	52,915	$	6,342	$	(59,257	)	$	32,768

Condensed Supplemental Consolidating Statement of Comprehensive Income

Three Months Ended June 30, 2013

(In thousands)

	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	18,565		$	26,373		$	1,127		$	(27,500	)	$	18,565
Other comprehensive income (loss):
Foreign currency translation adjustments		—			(4,828	)		(6,781	)		—			(11,609	)
Pension and post-retirement reclassification adjustment, net of tax		—			349			—			—			349
Derivatives reclassification adjustment, net of tax		41			—			—			—			41
Other comprehensive income (loss)		41			(4,479	)		(6,781	)		—			(11,219	)
Equity in other comprehensive income (loss) of subsidiaries		(11,260	)		(6,781	)		—			18,041			—
Comprehensive income (loss)	$	7,346		$	15,113		$	(5,654	)	$	(9,459	)	$	7,346

Condensed Supplemental Consolidating Statement of Comprehensive Income

Six Months Ended June 30, 2014

(In thousands)

	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	36,081		$	81,881		$	441		$	(82,322	)	$	36,081
Other comprehensive (loss) income:
Foreign currency translation adjustments		—			(438	)		(563	)		—			(1,001	)
Pension and post-retirement reclassification adjustment, net of tax		—			206			—			—			206
Other comprehensive (loss) income		—			(232	)		(563	)		—			(795	)
Equity in other comprehensive (loss) income of subsidiaries		(795	)		(563	)		—			1,358			—
Comprehensive income (loss)	$	35,286		$	81,086		$	(122	)	$	(80,964	)	$	35,286

Condensed Supplemental Consolidating Statement of Comprehensive Income

Six Months Ended June 30, 2013

(In thousands)

	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net income	$	41,539		$	64,128		$	2,768		$	(66,896	)	$	41,539
Other comprehensive income (loss):
Foreign currency translation adjustments		—			(8,115	)		(11,352	)		—			(19,467	)
Pension and post-retirement reclassification adjustment, net of tax		—			759			—			—			759
Derivative reclassification adjustment, net of tax		81			—			—			—			81
Other comprehensive income (loss)		81			(7,356	)		(11,352	)		—			(18,627	)
Equity in other comprehensive income of subsidiaries		(18,708	)		(11,352	)		—			30,060			—
Comprehensive income (loss)	$	22,912		$	45,420		$	(8,584	)	$	(36,836	)	$	22,912

Condensed Supplemental Consolidating Statement of Cash Flows

Condensed Supplemental Consolidating Statement of Cash Flows

Six Months Ended June 30, 2014

(In thousands)

	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net cash provided by (used in) operating activities	$	73,621		$	102,402		$	7,668		$	(100,298	)	$	83,393
Cash flows from investing activities:
Additions to property, plant and equipment		(287	)		(23,233	)		(6,969	)		—			(30,489	)
Additions to other intangible assets		(5,166	)		(234	)		—			—			(5,400	)
Intercompany transfer		(173,924	)		231,047			—			(57,123	)		—
Acquisitions, less cash acquired		—			(144,147	)		3,312			—			(140,835	)
Proceeds from sale of fixed assets		—			130			397			—			527
Purchase of investments		—			—			(353	)		—			(353	)
Proceeds from sale of investments		—			—			63			—			63
Net cash used in (provided by) investing activities		(179,377	)		63,563			(3,550	)		(57,123	)		(176,487	)
Cash flows from financing activities:
Borrowings under Revolving Credit Facility		467,300			—			—			—			467,300
Payments under Revolving Credit Facility		(693,300	)		—			(312	)		—			(693,612	)
Proceeds from issuance of Term Loan		300,000			—			—			—			300,000
Proceeds from issuance of 2022 Notes		400,000			—			—			—			400,000
Payments on 2018 Notes		(400,000	)		—			—			—			(400,000	)
Payments on capitalized lease obligations and other debt		—			(880	)		—			—			(880	)
Payments of deferred financing costs		(12,869	)		—			—			—			(12,869	)
Payment of debt premium for extinguishment of debt		(16,693	)		—			—			—			(16,693	)
Intercompany transfer		19,958			(165,127	)		(12,252	)		157,421			—
Net receipts related to stock-based award activities		9,411			—			—			—			9,411
Excess tax benefits from stock-based compensation		8,681			—			—			—			8,681
Net cash provided by (used in) financing activities		82,488			(166,007	)		(12,564	)		157,421			61,338
Effect of exchange rate changes on cash and cash equivalents		—			—			2,294			—			2,294
Decrease in cash and cash equivalents		(23,268	)		(42	)		(6,152	)		—			(29,462	)
Cash and cash equivalents, beginning of period		23,268			43			23,164			—			46,475
Cash and cash equivalents, end of period	$	—		$	1		$	17,012		$	—		$	17,013

Condensed Supplemental Consolidating Statement of Cash Flows

Six Months Ended June 30, 2013

(In thousands)

	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net cash (used in) provided by operating activities	$	(15,554	)	$	153,551		$	(67,955	)	$	—	$	70,042
Cash flows from investing activities:
Purchase of investments		—			—			(7,585	)		—		(7,585	)
Additions to property, plant and equipment		(156	)		(31,175	)		(4,310	)		—		(35,641	)
Additions to other intangible assets		(2,407	)		(848	)		—			—		(3,255	)
Proceeds from sale of fixed assets		—			915			157			—		1,072
Net cash used in investing activities		(2,563	)		(31,108	)		(11,738	)		—		(45,409	)
Cash flows from financing activities:
Borrowings under Revolving Credit Facility		111,800			—			—			—		111,800
Payments under Revolving Credit Facility		(195,800	)		—			—			—		(195,800	)
Payments on capitalized lease obligations		—			(1,149	)		—			—		(1,149	)
Intercompany transfer		121,021			(121,021	)		—			—		—
Net payments related to stock-based award activities		(1,192	)		—			—			—		(1,192	)
Excess tax benefits from stock-based compensation		1,097			—			—			—		1,097
Net cash provided by (used in) financing activities		36,926			(122,170	)		—			—		(85,244	)
Effect of exchange rate changes on cash and cash equivalents		—			—			(5,451	)		—		(5,451	)
Net increase in cash and cash equivalents		18,809			273			(85,144	)		—		(66,062	)
Cash and cash equivalents, beginning of period		—			269			94,138			—		94,407
Cash and cash equivalents, end of period	$	18,809		$	542		$	8,994		$	—	$	28,345

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Stock-Based Compensation - Additional Information (Detail) (USD $) In Millions, except Share data, unless otherwise specified	0 Months Ended	3 Months Ended		6 Months Ended
	Jun. 27, 2014	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense		$ 5.5	$ 3.7	$ 9.7	$ 7.1
Tax benefit recognized related to the compensation cost of share-based awards		1.9	1.3	3.4	2.6
Shares of stock converted from performance units	5,541
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation arrangement, award vesting period				3 years
Compensation costs, unrecognized		10.0		10.0
Compensation costs, recognition weighted average remaining period (in years)				2 years 3 months 18 days
Expected volatility				25.18%
Expected term				6 years
Risk free rate				2.03%
Expected dividends				0.00%
Weighted average grant date fair				$ 23.14
Aggregate intrinsic value of stock options exercised during the period				21.6	1.3
Tax benefit recognized from stock option exercises				8.2	0.5
Employee Stock Option | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation arrangement, award expiration period				10 years
Employee Stock Option | Year One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation arrangement, award vesting percentage				33.33%
Employee Stock Option | Year Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation arrangement, award vesting percentage				33.33%
Employee Stock Option | Year Three
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation arrangement, award vesting percentage				33.33%
Restricted Stock and Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value share based compensation arrangement units vested				11.2	9.3
Restricted Stock and Restricted Stock Units | Year One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation arrangement, award vesting percentage				33.33%
Restricted Stock and Restricted Stock Units | Year Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation arrangement, award vesting percentage				33.33%
Restricted Stock and Restricted Stock Units | Year Three
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation arrangement, award vesting percentage				33.33%
Performance Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation arrangement, award vesting period				3 years
Compensation costs, unrecognized		16.7		16.7
Compensation costs, recognition weighted average remaining period (in years)				2 years 3 months 18 days
Performance units, vested	34,311			5,000
Conversion ratio of awards vesting	0.16
Performance Units | Year One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation arrangement, award vesting percentage				33.33%
Performance Units | Year Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation arrangement, award vesting percentage				33.33%
Performance Units | Year Three
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation arrangement, award vesting percentage				33.33%
Performance Units | Each of the three performance periods | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Predefined percentage for calculation of performance unit awards				200.00%
Performance Units | Each of the three performance periods | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Predefined percentage for calculation of performance unit awards				0.00%
Performance Units | Cumulative performance period | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Predefined percentage for calculation of performance unit awards				200.00%
Performance Units | Cumulative performance period | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Predefined percentage for calculation of performance unit awards				0.00%
Employee Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation costs, unrecognized		$ 17.2		$ 17.2
Compensation costs, recognition weighted average remaining period (in years)				2 years 1 month 6 days
Performance units, vested				137,000

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Investments - Additional Information (Detail) (USD $)	3 Months Ended	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013	Dec. 31, 2012
Investment [Line Items]
Net unrealized investment gain	$ 300,000	$ 421,000	$ 389,000
Realized gain loss on investments		100,000
Cash and cash equivalents	17,013,000	17,013,000	28,345,000	46,475,000	94,407,000
Canada
Investment [Line Items]
Cash and cash equivalents	$ 14,300,000	$ 14,300,000		$ 19,300,000

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Employee Retirement and Postretirement Benefits - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	6 Months Ended
	Jun. 30, 2014
Postretirement Expense
Defined Benefit Plan Disclosure [Line Items]
Expected contribution for benefit plans in the current fiscal year	$ 0.2
Pension Expenses
Defined Benefit Plan Disclosure [Line Items]
Contribution to benefit plans	$ 4.1

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Fair Value (Tables)

6 Months Ended

Jun. 30, 2014

Carrying Value and Fair Value of Financial Instruments

The following table presents the carrying value and fair value of our financial instruments as of June 30, 2014 and December 31, 2013:

	June 30, 2014						December 31, 2013
	Carrying Value			Fair Value			Carrying Value			Fair Value			Level
	(In thousands)						(In thousands)
Not recorded at fair value (liability):
Revolving credit facility	$	(309,000	)	$	(335,010	)	$	(535,000	)	$	(532,226	)		2
Term loan	$	(300,000	)	$	(336,123	)	$	—		$	—			2
2018 Notes	$	—		$	—		$	(400,000	)	$	(435,520	)		2
2022 Notes	$	(400,000	)	$	(411,000	)	$	—		$	—			2
Recorded on a recurring basis at fair value (liability) asset:
Commodity contracts	$	177		$	177		$	8		$	8			2
Foreign currency contracts	$	28,102		$	28,102		$	—		$	—			2
Investments	$	9,386		$	9,386		$	8,680		$	8,680			1

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Investments (Tables)

6 Months Ended

Jun. 30, 2014

Investments

	June 30, 2014		December 31, 2013
	(In thousands)
U.S. equity	$	5,786	$	5,254
Non-U.S. equity		1,796		1,669
Fixed income		1,804		1,757
Total investments	$	9,386	$	8,680

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Other Operating (Income) Expense, Net (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Component of Operating Other Cost and Expense [Abstract]
Restructuring	$ 371	$ (136)	$ 1,238	$ 1,282
Other expense	(6)
Total other operating expense (income), net	$ 365	$ (136)	$ 1,238	$ 1,282

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Summary of Performance Unit Activity (Detail) (Performance Units, USD $)	0 Months Ended	6 Months Ended
	Jun. 27, 2014	Jun. 30, 2014
Performance Units
Performance Units
Beginning Balance		216,000
Granted		88,000
Vested	(34,311)	(5,000)
Forfeited		(29,000)
Ending Balance		270,000
Weighted Average Grant Date Fair Value
Beginning Balance		$ 62.03
Granted		$ 79.89
Vested		$ 54.90
Forfeited		$ 55.06
Ending Balance		$ 68.77

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Guarantor and Non-Guarantor Financial Information - Additional Information (Detail) (Guarantor Subsidiaries)	6 Months Ended
	Jun. 30, 2014
Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Percentage of ownership interests	100.00%

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Inventories - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Inventory [Line Items]
LIFO inventory	$ 83.1	$ 84.6

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Reclassifications from Accumulated Other Comprehensive Loss (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended				6 Months Ended
	Jun. 30, 2014		Jun. 30, 2013		Jun. 30, 2014		Jun. 30, 2013
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest expense	$ (9,001)		$ (12,230)		$ (19,874)		$ (25,008)
(Loss) income before income taxes	33,740		27,883		53,783		61,237
Income taxes	11,981		9,318		17,702		19,698
Net income	21,759		18,565		36,081		41,539
Reclassification out of Accumulated Other Comprehensive Income | Derivative Financial Instrument
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest expense			66				132
Income taxes			25				51
Net income			41				81
Reclassification out of Accumulated Other Comprehensive Income | Unrecognized Pension and Postretirement Benefits
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Prior service costs	37	[1]	96	[1]	73	[1]	193	[1]
Unrecognized net loss	131	[1]	470	[1]	262	[1]	940	[1]
Other							61
(Loss) income before income taxes	168		566		335		1,194
Income taxes	65		217		129		435
Net income	$ 103		$ 349		$ 206		$ 759

[1] These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See Note 15 for additional details.

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Financial Information Relating to Reportable Segments (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended				6 Months Ended
	Jun. 30, 2014		Jun. 30, 2013		Jun. 30, 2014		Jun. 30, 2013
Segment Reporting Information [Line Items]
Net sales	$ 627,960		$ 526,346		$ 1,246,863		$ 1,066,456
Direct operating income	98,680		86,607		199,195		175,221
Selling and distribution expenses	(39,594)		(31,394)		(77,611)		(63,796)
Cost of sales	(492,283)		(416,778)		(978,195)		(842,716)
Operating income	44,576		40,977		94,875		85,357
Other expense, net	(10,836)		(13,094)		(41,092)		(24,120)
(Loss) income before income taxes	33,740		27,883		53,783		61,237
North American Retail Grocery
Segment Reporting Information [Line Items]
Net sales	444,244		375,744		896,655		761,825
Direct operating income	73,150		61,140		148,726		126,449
Food Away From Home
Segment Reporting Information [Line Items]
Net sales	97,285		85,675		185,960		167,488
Direct operating income	12,054		11,958		21,543		22,858
Industrial and Export
Segment Reporting Information [Line Items]
Net sales	86,431		64,927		164,248		137,143
Direct operating income	13,476		13,509		28,926		25,914
Unallocated Amount to Segment
Segment Reporting Information [Line Items]
Selling and distribution expenses	(2,702)		(1,323)		(5,745)		(2,739)
Cost of sales	105	[1]	(7,110)	[1]	(2,393)	[1]	(12,538)	[1]
Corporate expense	$ (51,507)		$ (37,197)		$ (96,182)		$ (74,587)

[1] Primarily related to accelerated depreciation and other charges related to restructurings.

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Supplemental Cash Flow Information - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Schedule of Cash Flow, Supplemental [Line Items]
Restricted stock, restricted stock units and performance units, vesting shares	145,832	150,777

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Segment and Geographic Information and Major Customers - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Wal-Mart Stores, Inc. and affiliates
Segment Reporting Information [Line Items]
Percentage of total consolidated net sales	19.40%	19.50%
Outside of the United States
Segment Reporting Information [Line Items]
Percentage of total consolidated net sales	13.40%	13.40%
Canada
Segment Reporting Information [Line Items]
Percentage of total consolidated net sales	12.30%	12.10%

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Components of Net Periodic Costs (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Pension Expenses
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 545	$ 647	$ 1,090	$ 1,295
Interest cost	692	628	1,385	1,255
Expected return on plan assets	(798)	(643)	(1,595)	(1,285)
Amortization of prior service costs	54	114	106	228
Amortization of unrecognized net loss	126	459	252	917
Net periodic pension cost	619	1,205	1,238	2,410
Postretirement Expense
Defined Benefit Plan Disclosure [Line Items]
Service cost	5	5	10	10
Interest cost	39	37	78	72
Amortization of prior service costs	(17)	(18)	(33)	(35)
Amortization of unrecognized net loss	5	11	10	23
Net periodic pension cost	$ 32	$ 35	$ 65	$ 70

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Summary of Stock Option Activity (Detail) (USD $) In Thousands, except Per Share data, unless otherwise specified	6 Months Ended	12 Months Ended
	Jun. 30, 2014	Dec. 31, 2013
Weighted Average Exercise Price
Outstanding, Beginning Balance	$ 36.71
Granted	$ 79.69
Forfeited	$ 64.42
Exercised	$ 28.69
Outstanding, Ending Balance	$ 43.62	$ 36.71
Vested/expected to vest, at June 30, 2014	$ 42.07
Exercisable, June 30, 2014	$ 34.58
Weighted Average Remaining Contractual Term (yrs)
Outstanding, Ending Balance	4 years 9 months 18 days	4 years 1 month 6 days
Vested/expected to vest, at June 30, 2014	4 years 7 months 6 days
Exercisable, June 30, 2014	3 years 4 months 24 days
Aggregate Intrinsic Value
Outstanding, Beginning Balance	$ 84,840
Outstanding, Ending Balance	89,262	84,840
Vested/expected to vest, at June 30, 2014	88,666
Exercisable, June 30, 2014	$ 84,654
Employee Stock Option
Options
Outstanding, Beginning Balance	2,570
Granted	304
Forfeited	(3)
Exercised	(487)
Outstanding, Ending Balance	2,384
Vested/expected to vest, at June 30, 2014	2,269
Exercisable, June 30, 2014	1,797
Director Options
Options
Outstanding, Ending Balance	64	64
Vested/expected to vest, at June 30, 2014	64
Exercisable, June 30, 2014	64

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Commitments and Contingencies

6 Months Ended

Jun. 30, 2014

Commitments and Contingencies

18. Commitments and Contingencies

Litigation, Investigations and Audits — The Company is party in the ordinary course of business to certain claims, litigation, audits and investigations. The Company believes that it has established adequate reserves to satisfy any liability that may be incurred in connection with any such currently pending or threatened matters, none of which are significant. The settlement of any such currently pending or threatened matters is not expected to have a material impact on our financial position, annual results of operations or cash flows.

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Aggregate Expenses Incurred Associated with Facility Closure (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Restructuring Cost and Reserve [Line Items]
Severance and outplacement	$ 371	$ (136)	$ 1,238	$ 1,282
Soup restructuring
Restructuring Cost and Reserve [Line Items]
Accelerated depreciation		5,833		9,981
Severance and outplacement		(44)		(12)
Other closure costs	353	(536)	1,153	218
Total	353	5,253	1,153	10,187
Cumulative costs to date, Total	26,183	18,227	26,183	18,227
Total expected costs	27,995		27,995
Soup restructuring | Accelerated Depreciation
Restructuring Cost and Reserve [Line Items]
Cumulative costs to date, Total	22,590	16,684	22,590	16,684
Total expected costs	22,590		22,590
Soup restructuring | Employee Severance
Restructuring Cost and Reserve [Line Items]
Cumulative costs to date, Total	769	745	769	745
Total expected costs	769		769
Soup restructuring | Other Restructuring
Restructuring Cost and Reserve [Line Items]
Cumulative costs to date, Total	2,824	798	2,824	798
Total expected costs	4,636		4,636
Salad dressing plant in Seaforth, Ontario, Canada
Restructuring Cost and Reserve [Line Items]
Accelerated depreciation		1,356		2,716
Severance and outplacement		200	5	496
Other closure costs	8	874	11	1,347
Total	8	2,430	16	4,559
Cumulative costs to date, Total	13,210	11,294	13,210	11,294
Total expected costs	13,224		13,224
Salad dressing plant in Seaforth, Ontario, Canada | Accelerated Depreciation
Restructuring Cost and Reserve [Line Items]
Cumulative costs to date, Total	6,582	6,724	6,582	6,724
Total expected costs	6,582		6,582
Salad dressing plant in Seaforth, Ontario, Canada | Employee Severance
Restructuring Cost and Reserve [Line Items]
Cumulative costs to date, Total	2,889	2,745	2,889	2,745
Total expected costs	2,889		2,889
Salad dressing plant in Seaforth, Ontario, Canada | Other Restructuring
Restructuring Cost and Reserve [Line Items]
Cumulative costs to date, Total	3,739	1,825	3,739	1,825
Total expected costs	$ 3,753		$ 3,753

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Employee Retirement and Postretirement Benefits (Tables)

6 Months Ended

Jun. 30, 2014

Pension Expenses

Components of Net Periodic Costs

Components of net periodic pension expense are as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014			2013
	(In thousands)
Service cost	$	545		$	647		$	1,090		$	1,295
Interest cost		692			628			1,385			1,255
Expected return on plan assets		(798	)		(643	)		(1,595	)		(1,285	)
Amortization of prior service costs		54			114			106			228
Amortization of unrecognized net loss		126			459			252			917
Net periodic pension cost	$	619		$	1,205		$	1,238		$	2,410

Postretirement Expense

Components of Net Periodic Costs

Components of net periodic postretirement expense are as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014			2013
	(In thousands)						(In thousands)
Service cost	$	5		$	5		$	10		$	10
Interest cost		39			37			78			72
Amortization of prior service costs		(17	)		(18	)		(33	)		(35	)
Amortization of unrecognized net loss		5			11			10			23
Net periodic postretirement cost	$	32		$	35		$	65		$	70

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Components of Accumulated Other Comprehensive Loss Net of Tax Except for Foreign Currency Translation Adjustment (Parenthetical) (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Accumulated Other Comprehensive Income (Loss) [Line Items]
Pension and post-retirement reclassification adjustment, tax	$ 65	$ 217	$ 129	$ 435
Derivative reclassification adjustment, tax		$ 25		$ 51

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Accounts Payable and Accrued Expenses (Tables)

6 Months Ended

Jun. 30, 2014

Accounts Payable and Accrued Expenses

	June 30, 2014		December 31, 2013
	(In thousands)
Accounts payable	$	218,941	$	154,378
Payroll and benefits		37,120		40,155
Interest and taxes		10,154		22,190
Health insurance, workers’ compensation and other insurance costs		8,192		8,164
Marketing expenses		6,924		7,568
Other accrued liabilities		7,587		6,358
Total	$	288,918	$	238,813

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Purchase Price Allocation to Net Tangible and Intangible Assets Acquired and Liabilities Assumed (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013	May 30, 2014 Protenergy	May 30, 2014 Protenergy Customer relationships	May 30, 2014 Protenergy Capitalized software	May 30, 2014 Protenergy Formulas
Business Acquisition [Line Items]
Cash			$ 2,580
Receivables			10,949
Inventory			38,283
Property plant and equipment			38,075
Intangible asset				49,516	1,498	433
Other assets			8,669
Goodwill	1,163,964	1,119,204	45,916
Fair value of assets acquired			195,919
Assumed liabilities			(45,095)
Total purchase price			$ 150,824

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Long-Term Debt - Additional Information (Detail) (USD $)	3 Months Ended	6 Months Ended	0 Months Ended	3 Months Ended		0 Months Ended								0 Months Ended						6 Months Ended	0 Months Ended		6 Months Ended		0 Months Ended					6 Months Ended
	Jun. 30, 2014	Jun. 30, 2014	May 06, 2014 Revolving Credit Facility	Jun. 30, 2014 Revolving Credit Facility	May 06, 2014 Revolving Credit Facility	May 06, 2014 Revolving Credit Facility London Interbank Offered Rate (LIBOR)	May 06, 2014 Revolving Credit Facility Minimum London Interbank Offered Rate (LIBOR)	May 06, 2014 Revolving Credit Facility Minimum Base Rate Margin	May 06, 2014 Revolving Credit Facility Maximum London Interbank Offered Rate (LIBOR)	May 06, 2014 Revolving Credit Facility Maximum Base Rate Margin	May 06, 2014 Term Loan	Jun. 30, 2014 Term Loan	May 06, 2014 Term Loan	May 06, 2014 Term Loan London Interbank Offered Rate (LIBOR)	May 06, 2014 Term Loan Minimum London Interbank Offered Rate (LIBOR)	May 06, 2014 Term Loan Minimum Base Rate Margin	May 06, 2014 Term Loan Maximum London Interbank Offered Rate (LIBOR)	May 06, 2014 Term Loan Maximum Base Rate Margin	May 06, 2014 Prior Credit Agreement	Jun. 30, 2014 Tax Increment Financing	Mar. 11, 2014 Senior Notes Due 2022	Mar. 11, 2014 Senior Notes Due 2022	Jun. 30, 2014 Senior Notes Due 2022 Redeemed Some or All Prior to March 15, 2017	Jun. 30, 2014 Senior Notes Due 2022 Redeemed up to 35% Prior to March 15, 2017	Mar. 11, 2014 Senior Notes Due 2022 Payment Date One	Mar. 11, 2014 Senior Notes Due 2022 Payment Date Two	Apr. 10, 2014 2018 Senior Notes	Mar. 24, 2014 2018 Senior Notes	Feb. 25, 2014 2018 Senior Notes	Jun. 30, 2014 2018 Senior Notes	Apr. 10, 2014 2018 Senior Notes	Mar. 11, 2014 2018 Senior Notes
Debt Instrument [Line Items]
Revolving credit facility					$ 900,000,000														$ 750,000,000
Revolving credit facility, term			5 years
Term Loan												300,000,000	300,000,000
Term Loan, term											7 years
Financing cost capitalized					6,500,000								2,400,000
Revolving credit facility available				580,200,000
Revolving credit facility maturity date			May 06, 2019
Letters of credit facility issued but undrawn				10,800,000
Revolving credit facility, basis spread on variable rate						1.50%	1.25%	0.25%	2.00%	1.00%				1.75%	1.50%	0.50%	2.25%	1.25%
Average interest rate on debt outstanding under revolving credit facility				1.56%
Revolving credit facility fee			0.30%
Debt, maturity date											May 06, 2021									May 01, 2019	Mar. 15, 2022									Mar. 01, 2018
Stated debt interest rate																						4.875%								7.75%
Aggregate principal amount																						400,000,000								400,000,000
Senior notes, redemption rate of principal amount																							100.00%	104.875%			103.875%	101.275%	104.275%
Aggregate principal amount redeemed																															102,000,000	298,000,000
Loss on extinguishment of debt	(5,259,000)	(21,944,000)																												(16,700,000)
Write-off of deferred financing costs																														5,300,000
Net proceeds from public offering																					394,000,000
Underwriting discount, public offering																						6,000,000
Effective interest rate on senior notes																						4.99%
Interest payment date																									--03-15	--09-15
Senior notes, early redemption date																							Mar. 15, 2017	Mar. 15, 2017
Senior notes, early redemption description																							The Company may redeem some or all of the 2022 Notes at any time prior to March 15, 2017 at a price equal to 100% of the principal amount of the 2022 Notes redeemed, plus an applicable "make-whole" premium.	In addition, at any time prior to March 15, 2017, the Company may redeem up to 35% of the 2022 Notes at a redemption price of 104.875% of the principal amount of the 2022 Notes redeemed with the net cash proceeds of certain equity offerings.
Senior notes, redemption rate of principal amount																								35.00%
Redemption prices, plus accrued and unpaid interest, Percentage																					101.00%
Debt instrument, outstanding																				$ 1,600,000

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Gross Carrying Amount and Accumulated Amortization of Intangible Assets Other Than Goodwill (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Intangible Assets Excluding Goodwill [Line Items]
Gross Carrying Amount	$ 701,849	$ 644,571
Accumulated Amortization	(189,473)	(168,815)
Net Carrying Amount	512,376	475,756
Trademarks
Intangible Assets Excluding Goodwill [Line Items]
Gross Carrying Amount	30,990	31,067
Net Carrying Amount	30,990	31,067
Customer-Related Intangible Assets
Intangible Assets Excluding Goodwill [Line Items]
Gross Carrying Amount	575,783	525,820
Accumulated Amortization	(148,375)	(133,063)
Net Carrying Amount	427,408	392,757
Contractual agreements
Intangible Assets Excluding Goodwill [Line Items]
Gross Carrying Amount	1,246	1,249
Accumulated Amortization	(171)	(87)
Net Carrying Amount	1,075	1,162
Trademarks
Intangible Assets Excluding Goodwill [Line Items]
Gross Carrying Amount	26,459	26,466
Accumulated Amortization	(8,028)	(7,164)
Net Carrying Amount	18,431	19,302
Formulas/recipes
Intangible Assets Excluding Goodwill [Line Items]
Gross Carrying Amount	9,317	8,882
Accumulated Amortization	(6,396)	(5,708)
Net Carrying Amount	2,921	3,174
Computer software
Intangible Assets Excluding Goodwill [Line Items]
Gross Carrying Amount	58,054	51,087
Accumulated Amortization	(26,503)	(22,793)
Net Carrying Amount	$ 31,551	$ 28,294

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Segment and Geographic Information and Major Customers (Tables)

6 Months Ended

Jun. 30, 2014

Financial Information Relating to Reportable Segments

	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014			2013
	(In thousands)						(In thousands)
Net sales to external customers:
North American Retail Grocery	$	444,244		$	375,744		$	896,655		$	761,825
Food Away From Home		97,285			85,675			185,960			167,488
Industrial and Export		86,431			64,927			164,248			137,143
Total	$	627,960		$	526,346		$	1,246,863		$	1,066,456
Direct operating income:
North American Retail Grocery	$	73,150		$	61,140		$	148,726		$	126,449
Food Away From Home		12,054			11,958			21,543			22,858
Industrial and Export		13,476			13,509			28,926			25,914
Total		98,680			86,607			199,195			175,221
Unallocated selling and distribution expenses		(2,702	)		(1,323	)		(5,745	)		(2,739	)
Unallocated costs of sales (1)		105			(7,110	)		(2,393	)		(12,538	)
Unallocated corporate expense		(51,507	)		(37,197	)		(96,182	)		(74,587	)
Operating income		44,576			40,977			94,875			85,357
Other expense		(10,836	)		(13,094	)		(41,092	)		(24,120	)
Income before income taxes	$	33,740		$	27,883		$	53,783		$	61,237

(1) Primarily related to accelerated depreciation and other charges related to restructurings.

Net Sales by Major Products

Product Information — The following table presents the Company’s net sales by major products for the three and six months ended June 30, 2014 and 2013.

	Three Months Ended June 30,				Six Months Ended June 30,
	2014		2013		2014		2013
	(In thousands)				(In thousands)
Products:
Beverages	$	117,562	$	71,419	$	241,882	$	140,114
Salad dressings		101,290		81,503		189,426		154,282
Beverage enhancers		82,694		79,963		171,003		171,137
Pickles		87,926		85,466		156,775		156,376
Mexican and other sauces		65,930		63,234		126,579		121,405
Soup and infant feeding		51,316		36,926		108,513		92,004
Cereals		35,392		33,981		80,293		81,770
Dry dinners		32,240		28,586		67,317		57,780
Aseptic products		25,708		23,753		47,595		47,682
Other products		14,813		7,249		30,780		14,785
Jams		13,089		14,266		26,700		29,121
Total net sales	$	627,960	$	526,346	$	1,246,863	$	1,066,456

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Recent Accounting Pronouncements

6 Months Ended

Jun. 30, 2014

Recent Accounting Pronouncements

2. Recent Accounting Pronouncements

In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers, which introduced a new framework to be used when recognizing revenue in an attempt to reduce complexity and increase comparability of revenue recognition practices across entities, industries, jurisdictions, and capital markets. The ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2016. The standard requires that entities apply the effects of these changes to all prior years presented, upon adoption, using either the retrospective method, which presents the impact of the change in each year presented, or the cumulative method, which includes the changes to all years presented in the year of initial adoption. The Company has not yet determined which of the two adoption methods to elect. The Company is currently assessing the impact that this standard will have upon adoption.

In February 2013, the FASB issued ASU No. 2013-04, Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation is Fixed at the Reporting Date, clarifying how entities are required to measure obligations resulting from joint and several liability arrangements and outlining the required disclosures around these liabilities. The ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. See Note 11, Long-Term Debt, for related disclosures. The Company adopted this standard during the first quarter of 2014, the impact of which was not significant.

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Goodwill and Intangible Assets - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Goodwill and Intangible Assets Disclosure [Line Items]
Amortization expense	$ 10,532	$ 8,227	$ 20,566	$ 16,726

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Other Operating Expense (Income), Net (Tables)

6 Months Ended

Jun. 30, 2014

Other Operating (Income) Expense

The Company incurred other operating expense (income) for the three and six months ended June 30, 2014 and 2013, which consisted of the following:

	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014		2013
	(In thousands)						(In thousands)
Restructuring	$	371		$	(136	)	$	1,238	$	1,282
Other expense		(6	)		—			—		—
Total other operating expense (income), net	$	365		$	(136	)	$	1,238	$	1,282

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Guarantor and Non-Guarantor Financial Information

6 Months Ended

Jun. 30, 2014

Guarantor and Non-Guarantor Financial Information

22. Guarantor and Non-Guarantor Financial Information

As of June 30, 2014 the Company’s 2022 Notes are guaranteed, jointly and severally, by its 100% owned direct and indirect subsidiaries Bay Valley, Sturm Foods and S.T. Specialty Foods. There are no significant restrictions on the ability of the parent company or any guarantor to obtain funds from its subsidiaries by dividend or loan. The following condensed supplemental consolidating financial information presents the results of operations, financial position and cash flows of the parent company, its guarantor subsidiaries, its non-guarantor subsidiaries and the eliminations necessary to arrive at the information for the Company on a consolidated basis as of June 30, 2014 and 2013, and for the three and six months ended June 30, 2014, and 2013. The equity method has been used with respect to investments in subsidiaries. The principal elimination entries eliminate investments in subsidiaries and intercompany balances and transactions.

Condensed Supplemental Consolidating Balance Sheet

June 30, 2014

(In thousands)

	Parent Company		Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	—	$	1	$	17,012		$	—		$	17,013
Investments		—		—		9,386			—			9,386
Receivables, net		—		107,297		47,591			—			154,888
Inventories, net		—		363,383		135,550			—			498,933
Deferred income taxes		—		10,220		3,013			—			13,233
Prepaid expenses and other current assets		28,563		11,285		6,220			(20,581	)		25,487
Total current assets		28,563		492,186		218,772			(20,581	)		718,940
Property, plant and equipment, net		13,188		377,073		106,410			—			496,671
Goodwill		—		959,440		204,524			—			1,163,964
Investment in subsidiaries		2,207,315		301,559		—			(2,508,874	)		—
Intercompany accounts receivable (payable), net		69,044		258,186		(327,230	)		—			—
Deferred income taxes		14,474		—		—			(14,474	)		—
Identifiable intangible and other assets, net		54,903		277,787		200,091			—			532,781
Total assets	$	2,387,487	$	2,666,231	$	402,567		$	(2,543,929	)	$	2,912,356
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable and accrued expenses	$	34,810	$	222,523	$	52,166		$	(20,581	)	$	288,918
Current portion of long-term debt		—		1,535		2,404			—			3,939
Total current liabilities		34,810		224,058		54,570			(20,581	)		292,857
Long-term debt		1,009,000		2,663		4,913			—			1,016,576
Deferred income taxes		—		214,339		40,779			(14,474	)		240,644
Other long-term liabilities		7,228		17,856		746			—			25,830
Stockholders’ equity		1,336,449		2,207,315		301,559			(2,508,874	)		1,336,449
Total liabilities and stockholders’ equity	$	2,387,487	$	2,666,231	$	402,567		$	(2,543,929	)	$	2,912,356

Condensed Supplemental Consolidating Balance Sheet

December 31, 2013

(In thousands)

	Parent Company		Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	23,268	$	43	$	23,164		$	—		$	46,475
Investments		—		—		8,680			—			8,680
Accounts receivable, net		258		116,464		36,041			—			152,763
Inventories, net		—		314,912		90,786			—			405,698
Deferred income taxes		—		18,534		3,375			—			21,909
Prepaid expenses and other current assets		27,890		12,593		758			(27,077	)		14,164
Total current assets		51,416		462,546		162,804			(27,077	)		649,689
Property, plant and equipment, net		13,426		379,380		69,469			—			462,275
Goodwill		—		959,440		159,764			—			1,119,204
Investment in subsidiaries		1,970,351		258,305		—			(2,228,656	)		—
Intercompany accounts receivable (payable), net		154,742		68,407		(223,149	)		—			—
Deferred income taxes		13,545		—		—			(13,545	)		—
Intangible and other assets, net		46,943		288,873		154,070			—			489,886
Total assets	$	2,250,423	$	2,416,951	$	322,958		$	(2,269,278	)	$	2,721,054
Current liabilities:
Accounts payable and accrued expenses	$	26,127	$	204,920	$	34,843		$	(27,077	)	$	238,813
Current portion of long-term debt		—		1,498		53			—			1,551
Total current liabilities		26,127		206,418		34,896			(27,077	)		240,364
Long-term debt		935,000		3,580		365			—			938,945
Deferred income taxes		206		213,219		28,689			(13,545	)		228,569
Other long-term liabilities		15,972		23,383		703			—			40,058
Stockholders’ equity		1,273,118		1,970,351		258,305			(2,228,656	)		1,273,118
Total liabilities and stockholders’ equity	$	2,250,423	$	2,416,951	$	322,958		$	(2,269,278	)	$	2,721,054

Condensed Supplemental Consolidating Statement of Income

Three Months Ended June 30, 2014

(In thousands)

	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	537,886		$	154,221		$	(64,147	)	$	627,960
Cost of sales		—			421,380			135,050			(64,147	)		492,283
Gross profit		—			116,506			19,171			—			135,677
Selling, general and administrative expense		17,333			50,695			12,176			—			80,204
Amortization		1,411			5,953			3,168			—			10,532
Other operating income, net		—			356			9			—			365
Operating (loss) income		(18,744	)		59,502			3,818			—			44,576
Interest expense		8,776			201			4,464			(4,440	)		9,001
Interest income		—			(4,444	)		(409	)		4,440			(413	)
Loss on extinguishment of debt		5,259			—			—			—			5,259
Other expense (income), net		9			(2,399	)		(621	)		—			(3,011	)
(Loss) income before income taxes		(32,788	)		66,144			384			—			33,740
Income taxes (benefit)		(12,641	)		24,442			180			—			11,981
Equity in net income (loss) of subsidiaries		41,906			204			—			(42,110	)		—
Net income (loss)	$	21,759		$	41,906		$	204		$	(42,110	)	$	21,759

Condensed Supplemental Consolidating Statement of Income

Three Months Ended June 30, 2013

(In thousands)

	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	471,138		$	76,086		$	(20,878	)	$	526,346
Cost of sales		—			374,912			62,744			(20,878	)		416,778
Gross profit		—			96,226			13,342			—			109,568
Selling, general and administrative expense		10,216			43,963			6,321			—			60,500
Amortization		1,321			5,756			1,150			—			8,227
Other operating (income) expense, net		—			(517	)		381			—			(136	)
Operating (loss) income		(11,537	)		47,024			5,490			—			40,977
Interest expense		12,085			154			3,521			(3,530	)		12,230
Interest income		—			(3,530	)		(322	)		3,530			(322	)
Other (income) expense, net		(2	)		543			645			—			1,186
(Loss) income before income taxes		(23,620	)		49,857			1,646			—			27,883
Income taxes (benefit)		(15,812	)		24,611			519			—			9,318
Equity in net income (loss) of subsidiaries		26,373			1,127			—			(27,500	)		—
Net income (loss)	$	18,565		$	26,373		$	1,127		$	(27,500	)	$	18,565

Condensed Supplemental Consolidating Statement of Income

Six Months Ended June 30, 2014

(In thousands)

	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	1,073,048		$	283,186		$	(109,371	)	$	1,246,863
Cost of sales		—			843,280			244,286			(109,371	)		978,195
Gross profit		—			229,768			38,900			—			268,668
Selling, general and administrative expense		31,392			96,728			23,869			—			151,989
Amortization		2,923			11,728			5,915			—			20,566
Other operating expense, net		—			1,217			21			—			1,238
Operating (loss) income		(34,315	)		120,095			9,095			—			94,875
Interest expense		19,465			385			8,300			(8,276	)		19,874
Interest income		—			(8,304	)		(553	)		8,276			(581	)
Loss on extinguishment of debt		21,944			—			—			—			21,944
Other expense (income), net		9			(715	)		561			—			(145	)
(Loss) income before income taxes		(75,733	)		128,729			787			—			53,783
Income taxes (benefit)		(29,933	)		47,289			346			—			17,702
Equity in net income (loss) of subsidiaries		81,881			441			—			(82,322	)		—
Net income (loss)	$	36,081		$	81,881		$	441		$	(82,322	)	$	36,081

Condensed Supplemental Consolidating Statement of Income

Six Months Ended June 30, 2013

(In thousands)

	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	957,072		$	147,433		$	(38,049	)	$	1,066,456
Cost of sales		—			759,288			121,477			(38,049	)		842,716
Gross profit		—			197,784			25,956			—			223,740
Selling, general and administrative expense		24,617			83,151			12,607			—			120,375
Amortization		2,599			11,808			2,319			—			16,726
Other operating expense, net		—			419			863			—			1,282
Operating (loss) income		(27,216	)		102,406			10,167			—			85,357
Interest expense		24,579			438			7,045			(7,054	)		25,008
Interest income		—			(7,054	)		(1,000	)		7,054			(1,000	)
Other (income) expense, net		(2	)		(146	)		260			—			112
(Loss) income before income taxes		(51,793	)		109,168			3,862			—			61,237
Income taxes (benefit)		(29,204	)		47,808			1,094			—			19,698
Equity in net income of subsidiaries		64,128			2,768			—			(66,896	)		—
Net income (loss)	$	41,539		$	64,128		$	2,768		$	(66,896	)	$	41,539

Condensed Supplemental Consolidating Statement of Comprehensive Income

Three Months Ended June 30, 2014

(In thousands)

	Parent Company		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
Net income (loss)	$	21,759	$	41,906	$	204	$	(42,110	)	$	21,759
Other comprehensive income:
Foreign currency translation adjustments		—		4,768		6,138		—			10,906
Pension and post-retirement reclassification adjustment, net of tax		—		103		—		—			103
Other comprehensive income		—		4,871		6,138		—			11,009
Equity in other comprehensive income (loss) of subsidiaries		11,009		6,138		—		(17,147	)		—
Comprehensive income (loss)	$	32,768	$	52,915	$	6,342	$	(59,257	)	$	32,768

Condensed Supplemental Consolidating Statement of Comprehensive Income

Three Months Ended June 30, 2013

(In thousands)

	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	18,565		$	26,373		$	1,127		$	(27,500	)	$	18,565
Other comprehensive income (loss):
Foreign currency translation adjustments		—			(4,828	)		(6,781	)		—			(11,609	)
Pension and post-retirement reclassification adjustment, net of tax		—			349			—			—			349
Derivatives reclassification adjustment, net of tax		41			—			—			—			41
Other comprehensive income (loss)		41			(4,479	)		(6,781	)		—			(11,219	)
Equity in other comprehensive income (loss) of subsidiaries		(11,260	)		(6,781	)		—			18,041			—
Comprehensive income (loss)	$	7,346		$	15,113		$	(5,654	)	$	(9,459	)	$	7,346

Condensed Supplemental Consolidating Statement of Comprehensive Income

Six Months Ended June 30, 2014

(In thousands)

	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	36,081		$	81,881		$	441		$	(82,322	)	$	36,081
Other comprehensive (loss) income:
Foreign currency translation adjustments		—			(438	)		(563	)		—			(1,001	)
Pension and post-retirement reclassification adjustment, net of tax		—			206			—			—			206
Other comprehensive (loss) income		—			(232	)		(563	)		—			(795	)
Equity in other comprehensive (loss) income of subsidiaries		(795	)		(563	)		—			1,358			—
Comprehensive income (loss)	$	35,286		$	81,086		$	(122	)	$	(80,964	)	$	35,286

Condensed Supplemental Consolidating Statement of Comprehensive Income

Six Months Ended June 30, 2013

(In thousands)

	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net income	$	41,539		$	64,128		$	2,768		$	(66,896	)	$	41,539
Other comprehensive income (loss):
Foreign currency translation adjustments		—			(8,115	)		(11,352	)		—			(19,467	)
Pension and post-retirement reclassification adjustment, net of tax		—			759			—			—			759
Derivative reclassification adjustment, net of tax		81			—			—			—			81
Other comprehensive income (loss)		81			(7,356	)		(11,352	)		—			(18,627	)
Equity in other comprehensive income of subsidiaries		(18,708	)		(11,352	)		—			30,060			—
Comprehensive income (loss)	$	22,912		$	45,420		$	(8,584	)	$	(36,836	)	$	22,912

Condensed Supplemental Consolidating Statement of Cash Flows

Six Months Ended June 30, 2014

(In thousands)

	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net cash provided by (used in) operating activities	$	73,621		$	102,402		$	7,668		$	(100,298	)	$	83,393
Cash flows from investing activities:
Additions to property, plant and equipment		(287	)		(23,233	)		(6,969	)		—			(30,489	)
Additions to other intangible assets		(5,166	)		(234	)		—			—			(5,400	)
Intercompany transfer		(173,924	)		231,047			—			(57,123	)		—
Acquisitions, less cash acquired		—			(144,147	)		3,312			—			(140,835	)
Proceeds from sale of fixed assets		—			130			397			—			527
Purchase of investments		—			—			(353	)		—			(353	)
Proceeds from sale of investments		—			—			63			—			63
Net cash used in (provided by) investing activities		(179,377	)		63,563			(3,550	)		(57,123	)		(176,487	)
Cash flows from financing activities:
Borrowings under Revolving Credit Facility		467,300			—			—			—			467,300
Payments under Revolving Credit Facility		(693,300	)		—			(312	)		—			(693,612	)
Proceeds from issuance of Term Loan		300,000			—			—			—			300,000
Proceeds from issuance of 2022 Notes		400,000			—			—			—			400,000
Payments on 2018 Notes		(400,000	)		—			—			—			(400,000	)
Payments on capitalized lease obligations and other debt		—			(880	)		—			—			(880	)
Payments of deferred financing costs		(12,869	)		—			—			—			(12,869	)
Payment of debt premium for extinguishment of debt		(16,693	)		—			—			—			(16,693	)
Intercompany transfer		19,958			(165,127	)		(12,252	)		157,421			—
Net receipts related to stock-based award activities		9,411			—			—			—			9,411
Excess tax benefits from stock-based compensation		8,681			—			—			—			8,681
Net cash provided by (used in) financing activities		82,488			(166,007	)		(12,564	)		157,421			61,338
Effect of exchange rate changes on cash and cash equivalents		—			—			2,294			—			2,294
Decrease in cash and cash equivalents		(23,268	)		(42	)		(6,152	)		—			(29,462	)
Cash and cash equivalents, beginning of period		23,268			43			23,164			—			46,475
Cash and cash equivalents, end of period	$	—		$	1		$	17,012		$	—		$	17,013

Condensed Supplemental Consolidating Statement of Cash Flows

Six Months Ended June 30, 2013

(In thousands)

	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net cash (used in) provided by operating activities	$	(15,554	)	$	153,551		$	(67,955	)	$	—	$	70,042
Cash flows from investing activities:
Purchase of investments		—			—			(7,585	)		—		(7,585	)
Additions to property, plant and equipment		(156	)		(31,175	)		(4,310	)		—		(35,641	)
Additions to other intangible assets		(2,407	)		(848	)		—			—		(3,255	)
Proceeds from sale of fixed assets		—			915			157			—		1,072
Net cash used in investing activities		(2,563	)		(31,108	)		(11,738	)		—		(45,409	)
Cash flows from financing activities:
Borrowings under Revolving Credit Facility		111,800			—			—			—		111,800
Payments under Revolving Credit Facility		(195,800	)		—			—			—		(195,800	)
Payments on capitalized lease obligations		—			(1,149	)		—			—		(1,149	)
Intercompany transfer		121,021			(121,021	)		—			—		—
Net payments related to stock-based award activities		(1,192	)		—			—			—		(1,192	)
Excess tax benefits from stock-based compensation		1,097			—			—			—		1,097
Net cash provided by (used in) financing activities		36,926			(122,170	)		—			—		(85,244	)
Effect of exchange rate changes on cash and cash equivalents		—			—			(5,451	)		—		(5,451	)
Net increase in cash and cash equivalents		18,809			273			(85,144	)		—		(66,062	)
Cash and cash equivalents, beginning of period		—			269			94,138			—		94,407
Cash and cash equivalents, end of period	$	18,809		$	542		$	8,994		$	—	$	28,345

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Segment and Geographic Information and Major Customers

6 Months Ended

Jun. 30, 2014

Segment and Geographic Information and Major Customers

21. Segment and Geographic Information and Major Customers

The Company manages operations on a company-wide basis, thereby making determinations as to the allocation of resources in total rather than on a segment-level basis. The Company has designated reportable segments based on how management views its business. The Company does not segregate assets between segments for internal reporting. Therefore, asset-related information has not been presented. The reportable segments, as presented below, are consistent with the manner in which the Company reports its results to the chief operating decision maker.

The Company evaluates the performance of its segments based on net sales dollars and direct operating income (gross profit less freight out, sales commissions and direct selling and marketing expenses). The amounts in the following tables are obtained from reports used by senior management and do not include income taxes. Other expenses not allocated include unallocated selling and distribution expenses, unallocated costs of sales and unallocated corporate expenses. The accounting policies of the Company’s segments are the same as those described in the summary of significant accounting policies set forth in Note 1 to the Consolidated Financial Statements contained in our Annual Report on Form 10-K for the year ended December 31, 2013.

	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014			2013
	(In thousands)						(In thousands)
Net sales to external customers:
North American Retail Grocery	$	444,244		$	375,744		$	896,655		$	761,825
Food Away From Home		97,285			85,675			185,960			167,488
Industrial and Export		86,431			64,927			164,248			137,143
Total	$	627,960		$	526,346		$	1,246,863		$	1,066,456
Direct operating income:
North American Retail Grocery	$	73,150		$	61,140		$	148,726		$	126,449
Food Away From Home		12,054			11,958			21,543			22,858
Industrial and Export		13,476			13,509			28,926			25,914
Total		98,680			86,607			199,195			175,221
Unallocated selling and distribution expenses		(2,702	)		(1,323	)		(5,745	)		(2,739	)
Unallocated costs of sales (1)		105			(7,110	)		(2,393	)		(12,538	)
Unallocated corporate expense		(51,507	)		(37,197	)		(96,182	)		(74,587	)
Operating income		44,576			40,977			94,875			85,357
Other expense		(10,836	)		(13,094	)		(41,092	)		(24,120	)
Income before income taxes	$	33,740		$	27,883		$	53,783		$	61,237

(1) Primarily related to accelerated depreciation and other charges related to restructurings.

Geographic Information — The Company had revenues to customers outside of the United States of approximately 13.4% of total consolidated net sales in the six months ended June 30, 2014 and 2013, with 12.3% and 12.1% going to Canada, respectively.

Major Customers — Wal-Mart Stores, Inc. and affiliates accounted for approximately 19.4% and 19.5% of consolidated net sales in the six months ended June 30, 2014 and 2013, respectively. No other customer accounted for more than 10% of our consolidated net sales.

Product Information — The following table presents the Company’s net sales by major products for the three and six months ended June 30, 2014 and 2013.

	Three Months Ended June 30,				Six Months Ended June 30,
	2014		2013		2014		2013
	(In thousands)				(In thousands)
Products:
Beverages	$	117,562	$	71,419	$	241,882	$	140,114
Salad dressings		101,290		81,503		189,426		154,282
Beverage enhancers		82,694		79,963		171,003		171,137
Pickles		87,926		85,466		156,775		156,376
Mexican and other sauces		65,930		63,234		126,579		121,405
Soup and infant feeding		51,316		36,926		108,513		92,004
Cereals		35,392		33,981		80,293		81,770
Dry dinners		32,240		28,586		67,317		57,780
Aseptic products		25,708		23,753		47,595		47,682
Other products		14,813		7,249		30,780		14,785
Jams		13,089		14,266		26,700		29,121
Total net sales	$	627,960	$	526,346	$	1,246,863	$	1,066,456

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Inventories (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Inventory [Line Items]
Raw materials and supplies	$ 189,281	$ 162,751
Finished goods	331,236	264,829
LIFO reserve	(21,584)	(21,882)
Total	$ 498,933	$ 405,698

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Supplemental Cash Flow Information (Tables)

6 Months Ended

Jun. 30, 2014

Supplemental Cash Flow Information

	Six Months Ended June 30,
	2014		2013
	(In thousands)
Interest paid	$	23,430	$	23,136
Income taxes paid	$	34,426	$	26,206
Accrued purchase of property and equipment	$	8,988	$	4,795
Accrued other intangible assets	$	1,284	$	584

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Subsequent Events

6 Months Ended

Jun. 30, 2014

Subsequent Events

23. Subsequent Events

On July 29, 2014, the Company announced that it completed the acquisition of Flagstone Foods (“Flagstone”) from Gryphon Investors and other shareholders. Flagstone purchases, prepares, packages, distributes, and sells branded and private label varieties of snack nuts, trail mixes, dried fruit, snack mixes, and other wholesome snacks to retailers in North America. The Company agreed to pay $860 million in cash for the business, subject to adjustments for working capital. The acquisition is expected to expand our existing product offerings by allowing the Company to enter into the healthy snack food category, while also providing more exposure to the perimeter of the store. The acquisition will be accounted for under the acquisition method of accounting. The required disclosures have not been provided as the initial accounting for the business combination was not complete prior to the issuance of these financial statements. The acquisition was funded through a combination of borrowings under our Revolving Credit Facility, a new $200 million term loan, and the net proceeds from the issuance of TreeHouse common stock.

On July 29, 2014, the Company entered into an Additional Credit Extension Amendment (the “Amendment”) to its Credit Agreement dated as of May 6, 2014, the proceeds of which were used to fund, in part, the acquisition of Flagstone. The Amendment, among other things, provides for a new $200 million senior unsecured term loan (the “Acquisition Term Loan”). The Acquisition Term Loan matures on May 6, 2019. Initial pricing for the Acquisition Term Loan is determined by LIBOR plus a margin of 2.0%. Thereafter, the Acquisition Term Loan generally will bear interest at a rate per annum equal to (i) LIBOR, plus a margin ranging from 1.50% to 2.25%, based on the Company’s consolidated leverage ratio or (ii) a Base Rate (as defined in the Credit Agreement), plus a margin ranging from 0.50% to 1.25%, based on the Company’s consolidated leverage ratio. The Acquisition Term Loan is subject to substantially the same covenants as the Revolving Credit Facility, and has the same Guarantors.

On July 22, 2014, the Company announced that it closed the public offering of an aggregate of 4,950,331 shares of TreeHouse common stock (the “Shares”), at a price of $75.50 per share. The Company used the net proceeds ($358 million) from the offering of the Shares to fund, in part, the acquisition of Flagstone.

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Restructuring (Tables)

6 Months Ended

Jun. 30, 2014

Aggregate Expenses Incurred Associated with Facility Closure

Below is a summary of the restructuring costs:

	Soup Restructuring
	Three Months Ended June 30, 2014		Six Months Ended June 30, 2014		Cumulative Costs To Date		Total Expected Costs
	(In thousands)
Accelerated depreciation	$	—	$	—	$	22,590	$	22,590
Severance and outplacement		—		—		769		769
Other closure costs		353		1,153		2,824		4,636
Total	$	353	$	1,153	$	26,183	$	27,995

	Soup Restructuring
	Three Months Ended June 30, 2013			Six Months Ended June 30, 2013			Cumulative Costs To Date
	(In thousands)
Accelerated depreciation	$	5,833		$	9,981		$	16,684
Severance and outplacement		(44	)		(12	)		745
Other closure costs		(536	)		218			798
Total	$	5,253		$	10,187		$	18,227

Below is a summary of the restructuring costs:

	Seaforth Closure
	Three Months Ended June 30, 2014		Six Months Ended June 30, 2014		Cumulative Costs To Date		Total Expected Costs
	(In thousands)
Accelerated depreciation	$	—	$	—	$	6,582	$	6,582
Severance and outplacement		—		5		2,889		2,889
Other closure costs		8		11		3,739		3,753
Total	$	8	$	16	$	13,210	$	13,224

	Seaforth Closure
	Three Months Ended June 30, 2013		Six Months Ended June 30, 2013		Cumulative Costs To Date
	(In thousands)
Accelerated depreciation	$	1,356	$	2,716	$	6,724
Severance and outplacement		200		496		2,745
Other closure costs		874		1,347		1,825
Total	$	2,430	$	4,559	$	11,294

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Basis of Presentation

6 Months Ended

Jun. 30, 2014

Basis of Presentation

1. Basis of Presentation

The unaudited Condensed Consolidated Financial Statements included herein have been prepared by TreeHouse Foods, Inc. (the “Company,” “we,” “us,” or “our”), pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) applicable to quarterly reporting on Form 10-Q. In our opinion, these statements include all adjustments necessary for a fair presentation of the results of all interim periods reported herein. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted as permitted by such rules and regulations. The Condensed Consolidated Financial Statements and related notes should be read in conjunction with the Consolidated Financial Statements and related notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2013. Results of operations for interim periods are not necessarily indicative of annual results.

On May 30, 2014, the Company completed its acquisition of all of the outstanding shares of Protenergy Natural Foods Corporation (“Protenergy”), a privately owned Canadian manufacturer of private label broth, soups, and gravies. The results of operations are included in our financial statements from the date of acquisition and are included in the North American Retail Grocery and Industrial and Export segments.

The preparation of our Condensed Consolidated Financial Statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires us to use our judgment to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosures of contingent assets and liabilities at the date of the Condensed Consolidated Financial Statements, and the reported amounts of net sales and expenses during the reporting period. Actual results could differ from these estimates.

A detailed description of the Company’s significant accounting policies can be found in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2013.

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Acquisitions (Tables)

6 Months Ended

Jun. 30, 2014

Purchase Price Allocation to Net Tangible and Intangible Assets Acquired and Liabilities Assumed

We have made a preliminary allocation to net tangible and intangible assets acquired and liabilities assumed as follows (in USD):

	(In thousands)
Cash	$	2,580
Receivables		10,949
Inventory		38,283
Property plant and equipment		38,075
Customer relationships		49,516
Capitalized software		1,498
Formulas		433
Other assets		8,669
Goodwill		45,916
Fair value of assets acquired		195,919
Assumed liabilities		(45,095	)
Total purchase price	$	150,824

Protenergy

Business Acquisition Proforma Information

The following unaudited pro forma information shows the results of operations for the Company as if the acquisition of Protenergy had been completed as of January 1, 2013. Adjustments have been made for the pro forma effects of depreciation and amortization of tangible and intangible assets recognized as part of the business combination, interest expense related to the financing of the business combinations, and related income taxes. These pro forma results may not necessarily reflect actual results of operations that would have been achieved, nor are they necessarily indicative of future results of operations.

	Six Months Ended June 30,
	2014		2013
	(In thousands, except per share data)
Pro forma net sales	$	1,307,621	$	1,108,286
Pro forma net income	$	28,526	$	34,510
Pro forma basic earnings per common share	$	.77	$	.95
Pro forma diluted earnings per common share	$	.75	$	.92

Associated Brands

Business Acquisition Proforma Information

The following unaudited pro forma information shows the results of operations for the Company as if the acquisition of Associated Brands had been completed as of January 1, 2013. Adjustments have been made for the pro forma effects of depreciation and amortization of tangible and intangible assets recognized as part of the business combination, interest expense related to the financing of the business combinations, and related income taxes. These pro forma results may not necessarily reflect actual results of operations that would have been achieved, nor are they necessarily indicative of future results of operations.

	Six Months Ended June 30,
	2013
	(In thousands) (except per share data)
Pro forma net sales	$	1,166,062
Pro forma net income	$	45,154
Pro forma basic earnings per common share	$	1.24
Pro forma diluted earnings per common share	$	1.21

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Derivative, Fair Value, and Location on Condensed Consolidated Balance Sheets (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Derivatives, Fair Value [Line Items]
Asset derivative, fair value	$ 177	$ 8
Liability derivative, fair value	28,102
Foreign currency contract | Accounts payable and accrued expenses
Derivatives, Fair Value [Line Items]
Liability derivative, fair value	28,102
Commodity contracts | Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Asset derivative, fair value	$ 177	$ 8

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Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2014

Summary of Stock Option Activity

The following table summarizes stock option activity during the six months ended June 30, 2014. Stock options are granted under our long-term incentive plan, and generally have a three year vesting schedule, which vest one-third on each of the first three anniversaries of the grant date. Stock options expire ten years from the grant date.

	Employee Options			Director Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (yrs)		Aggregate Intrinsic Value
	(In thousands)									(In thousands)
Outstanding, December 31, 2013		2,570			64	$	36.71		4.1	$	84,840
Granted		304			—	$	79.69
Forfeited		(3	)		—	$	64.42
Exercised		(487	)		—	$	28.69
Outstanding, June 30, 2014		2,384			64	$	43.62		4.8	$	89,262
Vested/expected to vest, at June 30, 2014		2,269			64	$	42.07		4.6	$	88,666
Exercisable, June 30, 2014		1,797			64	$	34.58		3.4	$	84,654

Summary of Restricted Stock Unit Activity

The following table summarizes the restricted stock unit activity during the six months ended June 30, 2014:

	Employee Restricted Stock Units			Weighted Average Grant Date Fair Value		Director Restricted Stock Units			Weighted Average Grant Date Fair Value
	(In thousands)					(In thousands)
Outstanding, at December 31, 2013		317		$	58.98		93		$	44.06
Granted		151		$	78.30		14		$	79.89
Vested		(137	)	$	52.58		(4	)	$	28.47
Forfeited		(4	)	$	62.92		—		$	—
Outstanding, at June 30, 2014		327		$	70.30		103		$	49.64

Summary of Performance Unit Activity

The following table summarizes the performance unit activity during the six months ended June 30, 2014:

	Performance Units			Weighted Average Grant Date Fair Value
	(In thousands)
Unvested, at December 31, 2013		216		$	62.03
Granted		88		$	79.89
Vested		(5	)	$	54.90
Forfeited		(29	)	$	55.06
Unvested, at June 30, 2014		270		$	68.77

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Business Acquisition Proforma Information (Detail) (USD $) In Thousands, except Per Share data, unless otherwise specified	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Protenergy
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Pro forma net sales	$ 1,307,621	$ 1,108,286
Pro forma net income	28,526	34,510
Pro forma basic earnings per common share	$ 0.77	$ 0.95
Pro forma diluted earnings per common share	$ 0.75	$ 0.92
Associated Brands
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Pro forma net sales		1,166,062
Pro forma net income		$ 45,154
Pro forma basic earnings per common share		$ 1.24
Pro forma diluted earnings per common share		$ 1.21

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Summary of Restricted Stock and Restricted Stock Unit Activity (Detail) (USD $)	6 Months Ended
	Jun. 30, 2014
Employee Restricted Stock Units
Number of Units
Beginning Balance	317,000
Granted	151,000
Vested	(137,000)
Forfeited	(4,000)
Ending Balance	327,000
Weighted Average Grant Date Fair Value
Beginning Balance	$ 58.98
Granted	$ 78.30
Vested	$ 52.58
Forfeited	$ 62.92
Ending Balance	$ 70.30
Director Restricted Stock Units
Number of Units
Beginning Balance	93,000
Granted	14,000
Vested	(4,000)
Ending Balance	103,000
Weighted Average Grant Date Fair Value
Beginning Balance	$ 44.06
Granted	$ 79.89
Vested	$ 28.47
Ending Balance	$ 49.64

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Condensed Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Current assets:
Cash and cash equivalents	$ 17,013	$ 46,475
Investments	9,386	8,680
Receivables, net	154,888	152,763
Inventories, net	498,933	405,698
Deferred income taxes	13,233	21,909
Prepaid expenses and other current assets	25,487	14,164
Total current assets	718,940	649,689
Property, plant and equipment, net	496,671	462,275
Goodwill	1,163,964	1,119,204
Intangible assets, net	512,376	475,756
Other assets, net	20,405	14,130
Total assets	2,912,356	2,721,054
Current liabilities:
Accounts payable and accrued expenses	288,918	238,813
Current portion of long-term debt	3,939	1,551
Total current liabilities	292,857	240,364
Long-term debt	1,016,576	938,945
Deferred income taxes	240,644	228,569
Other long-term liabilities	25,830	40,058
Total liabilities	1,575,907	1,447,936
Commitments and contingencies (Note 18)
Stockholders' equity:
Preferred stock, par value $0.01 per share, 10,000 shares authorized, none issued
Common stock, par value $0.01 per share, 90,000 shares authorized, 37,072 and 36,493 shares issued and outstanding, respectively	371	365
Additional paid-in capital	776,615	748,577
Retained earnings	592,021	555,939
Accumulated other comprehensive loss	(32,558)	(31,763)
Total stockholders' equity	1,336,449	1,273,118
Total liabilities and stockholders' equity	$ 2,912,356	$ 2,721,054

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Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2014

Derivative, Fair Value, and Location on Condensed Consolidated Balance Sheet

The following table identifies the derivative, its fair value, and location on the Condensed Consolidated Balance Sheet:

	Balance Sheet Location	Fair Value
		June 30, 2014		December 31, 2013
		(In thousands)
Asset Derivative:
Commodity contracts	Prepaid expenses and other current assets	$	177	$	8
		$	177	$	8
Liability Derivative:
Foreign currency contracts	Accounts payable and accrued expenses	$	28,102	$	—
		$	28,102	$	—

Gains and Losses on Derivative Contracts

We recorded the following gains and losses on our derivative contracts in the Condensed Consolidated Statements of Income:

	Location of (Loss) Gain Recognized in Income	Three Months Ended June 30,						Six Months Ended June 30,
		2014			2013			2014			2013
		(In thousands)						(In thousands)
Mark to market unrealized (loss) gain:
Commodity contracts	Other (income) expense, net	$	(53	)	$	(274	)	$	(169	)	$	499
Foreign currency contracts	Gain on foreign currency exchange		(194	)		—			(194	)		—
Total unrealized (loss) gain			(247	)		(274	)		(363	)		499
Realized (loss) gain
Commodity contracts	Selling and distribution		—			(163	)		—			(129	)
Total realized (loss) gain			—			(163	)		—			(129	)
Total (loss) gain		$	(247	)	$	(437	)	$	(363	)	$	370

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Condensed Consolidated Statements Of Comprehensive Income (Parenthetical) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Pension and post-retirement reclassification adjustment, tax	$ 65	$ 217	$ 129	$ 435
Derivative reclassification adjustment, tax		$ 25		$ 51

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Subsequent Events - Additional Information (Detail) (USD $)	0 Months Ended			0 Months Ended								0 Months Ended		0 Months Ended
	May 06, 2014 Term Loan	Jun. 30, 2014 Term Loan	May 06, 2014 Term Loan	May 06, 2014 Term Loan London Interbank Offered Rate (LIBOR)	May 06, 2014 Term Loan London Interbank Offered Rate (LIBOR) Minimum	May 06, 2014 Term Loan London Interbank Offered Rate (LIBOR) Maximum	May 06, 2014 Term Loan Base Rate Margin Minimum	May 06, 2014 Term Loan Base Rate Margin Maximum	Jul. 29, 2014 Flagstone Subsequent Event	Jul. 22, 2014 Flagstone Subsequent Event	Jul. 22, 2014 Flagstone Subsequent Event	Jul. 29, 2014 Flagstone Subsequent Event Term Loan	Jul. 29, 2014 Flagstone Subsequent Event Term Loan	Jul. 29, 2014 Flagstone Subsequent Event Term Loan London Interbank Offered Rate (LIBOR)	Jul. 29, 2014 Flagstone Subsequent Event Term Loan London Interbank Offered Rate (LIBOR) Minimum	Jul. 29, 2014 Flagstone Subsequent Event Term Loan London Interbank Offered Rate (LIBOR) Maximum	Jul. 29, 2014 Flagstone Subsequent Event Term Loan Base Rate Margin Minimum	Jul. 29, 2014 Flagstone Subsequent Event Term Loan Base Rate Margin Maximum
Subsequent Event [Line Items]
Cash payment for business									$ 860,000,000
Acquisition term loan		300,000,000	300,000,000										200,000,000
Acquisition term loan maturity date	May 06, 2021											May 06, 2019
Revolving credit facility, basis spread on variable rate				1.75%	1.50%	2.25%	0.50%	1.25%						2.00%	1.50%	2.25%	0.50%	1.25%
Common stock issued, initial public offering										4,950,331
Common stock price, initial public offering											$ 75.50
Net proceeds from the offering of the Shares										$ 358,000,000

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Property, Plant and Equipment - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Property, Plant and Equipment [Line Items]
Depreciation expense	$ 15,100	$ 20,000	$ 32,091	$ 38,412

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Property, Plant and Equipment (Tables)

6 Months Ended

Jun. 30, 2014

Property, Plant and Equipment

	June 30, 2014			December 31, 2013
	(In thousands)
Land	$	26,123		$	26,492
Buildings and improvements		197,883			194,439
Machinery and equipment		584,334			536,256
Construction in progress		40,348			43,146
Total		848,688			800,333
Less accumulated depreciation		(352,017	)		(338,058	)
Property, plant and equipment, net	$	496,671		$	462,275

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Income Taxes - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Income Taxes [Line Items]
Effective income tax rate	35.50%	33.40%	32.90%	32.20%
Decrease in total amount of unrecognized tax benefits within the next 12 months	$ 0.6		$ 0.6

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Employee Retirement and Postretirement Benefits

6 Months Ended

Jun. 30, 2014

Employee Retirement and Postretirement Benefits

15. Employee Retirement and Postretirement Benefits

Pension, Profit Sharing and Postretirement Benefits — Certain employees and retirees participate in pension and other postretirement benefit plans. Employee benefit plan obligations and expenses included in the Condensed Consolidated Financial Statements are determined based on plan assumptions, employee demographic data, including years of service and compensation, benefits and claims paid, and employer contributions.

Components of net periodic pension expense are as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014			2013
	(In thousands)
Service cost	$	545		$	647		$	1,090		$	1,295
Interest cost		692			628			1,385			1,255
Expected return on plan assets		(798	)		(643	)		(1,595	)		(1,285	)
Amortization of prior service costs		54			114			106			228
Amortization of unrecognized net loss		126			459			252			917
Net periodic pension cost	$	619		$	1,205		$	1,238		$	2,410

The Company contributed $4.1 million to the pension plans in the first six months of 2014. The Company does not expect to make additional contributions to the plans in 2014.

Components of net periodic postretirement expense are as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014			2013
	(In thousands)						(In thousands)
Service cost	$	5		$	5		$	10		$	10
Interest cost		39			37			78			72
Amortization of prior service costs		(17	)		(18	)		(33	)		(35	)
Amortization of unrecognized net loss		5			11			10			23
Net periodic postretirement cost	$	32		$	35		$	65		$	70

The Company expects to contribute approximately $0.2 million to the postretirement health plans during 2014.

Net periodic pension costs are recorded in the Cost of sales and General and administrative lines of the Condensed Consolidated Statements of Income.

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Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2014

Changes in Carrying Amount of Goodwill

Changes in the carrying amount of goodwill for the six months ended June 30, 2014 are as follows:

	North American Retail Grocery			Food Away From Home			Industrial and Export			Total
	(In thousands)
Balance at December 31, 2013	$	884,768		$	95,572		$	138,864		$	1,119,204
Acquisition		34,437			—			11,479			45,916
Purchase price adjustments		(974	)		(54	)		(115	)		(1,143	)
Currency exchange adjustment		(66	)		(45	)		98			(13	)
Balance at June 30, 2014	$	918,165		$	95,473		$	150,326		$	1,163,964

Gross Carrying Amount and Accumulated Amortization of Finite Lives Intangible Assets Other Than Goodwill

The gross carrying amount and accumulated amortization of intangible assets other than goodwill as of June 30, 2014 and December 31, 2013 are as follows:

	June 30, 2014							December 31, 2013
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
	(In thousands)							(In thousands)
Intangible assets with indefinite lives:
Trademarks	$	30,990	$	—		$	30,990	$	31,067	$	—		$	31,067
Intangible assets with finite lives:
Customer-related		575,783		(148,375	)		427,408		525,820		(133,063	)		392,757
Contractual agreements		1,246		(171	)		1,075		1,249		(87	)		1,162
Trademarks		26,459		(8,028	)		18,431		26,466		(7,164	)		19,302
Formulas/recipes		9,317		(6,396	)		2,921		8,882		(5,708	)		3,174
Computer software		58,054		(26,503	)		31,551		51,087		(22,793	)		28,294
Total	$	701,849	$	(189,473	)	$	512,376	$	644,571	$	(168,815	)	$	475,756

Gross Carrying Amount and Accumulated Amortization of Indefinite Lives Intangible Assets Other Than Goodwill

The gross carrying amount and accumulated amortization of intangible assets other than goodwill as of June 30, 2014 and December 31, 2013 are as follows:

	June 30, 2014							December 31, 2013
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
	(In thousands)							(In thousands)
Intangible assets with indefinite lives:
Trademarks	$	30,990	$	—		$	30,990	$	31,067	$	—		$	31,067
Intangible assets with finite lives:
Customer-related		575,783		(148,375	)		427,408		525,820		(133,063	)		392,757
Contractual agreements		1,246		(171	)		1,075		1,249		(87	)		1,162
Trademarks		26,459		(8,028	)		18,431		26,466		(7,164	)		19,302
Formulas/recipes		9,317		(6,396	)		2,921		8,882		(5,708	)		3,174
Computer software		58,054		(26,503	)		31,551		51,087		(22,793	)		28,294
Total	$	701,849	$	(189,473	)	$	512,376	$	644,571	$	(168,815	)	$	475,756

Estimated Amortization Expense on Intangible Assets

Estimated amortization expense on intangible assets for 2014 and the next four years is as follows:

	(In thousands)
2014	$	43,802
2015	$	43,390
2016	$	42,577
2017	$	41,850
2018	$	36,494

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Supplemental Cash Flow Information

6 Months Ended

Jun. 30, 2014

Supplemental Cash Flow Information

17. Supplemental Cash Flow Information

	Six Months Ended June 30,
	2014		2013
	(In thousands)
Interest paid	$	23,430	$	23,136
Income taxes paid	$	34,426	$	26,206
Accrued purchase of property and equipment	$	8,988	$	4,795
Accrued other intangible assets	$	1,284	$	584

Non-cash financing activities for the six months ended June 30, 2014 and 2013 include the settlement of 145,832 shares and 150,777 shares, respectively, of restricted stock units and performance units, where shares were withheld to satisfy the minimum statuary tax withholding requirements.

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Summary of Effect of Share-Based Compensation Awards on Weighted Average Number of Shares Outstanding Used in Calculating Diluted Earnings Per Share (Detail) In Thousands, unless otherwise specified	3 Months Ended				6 Months Ended
	Jun. 30, 2014		Jun. 30, 2013		Jun. 30, 2014		Jun. 30, 2013
Schedule of Weighted Average Number of Diluted Shares Outstanding [Line Items]
Weighted average common shares outstanding	36,961		36,337		36,822		36,323
Assumed exercise/vesting of equity awards	1,029	[1]	1,036	[1]	1,039	[1]	989	[1]
Weighted average diluted common shares outstanding	37,990		37,373		37,861		37,312

[1] Incremental shares from stock-based compensation awards (equity awards) are computed by the treasury stock method. Equity awards, excluded from our computation of diluted earnings per share because they were anti-dilutive, were 0.4 million for the three and six months ended June 30, 2014 and 0.7 million for the three and six months ended June 30, 2013, respectively.

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Condensed Consolidated Statements Of Cash Flows (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Cash flows from operating activities:
Net income	$ 36,081	$ 41,539
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	32,091	38,412
Amortization	20,566	16,726
Stock-based compensation	9,699	7,108
Excess tax benefits from stock-based compensation	(8,681)	(1,097)
Loss on extinguishment of debt	21,944
Mark to market gain on derivative contracts	(170)	(499)
Mark to market gain on investments	(421)	(389)
Loss (gain) on disposition of assets	534	(231)
Deferred income taxes	(1,106)	2,138
Other	1,636	557
Changes in operating assets and liabilities, net of acquisitions:
Receivables	10,034	7,730
Inventories	(55,544)	(43,488)
Prepaid expenses and other assets	(10,228)	(4,728)
Accounts payable, accrued expenses and other liabilities	26,958	6,264
Net cash provided by operating activities	83,393	70,042
Cash flows from investing activities:
Additions to property, plant and equipment	(30,489)	(35,641)
Additions to other intangible assets	(5,400)	(3,255)
Acquisitions, less cash acquired	(140,835)
Proceeds from sale of fixed assets	527	1,072
Purchase of investments	(353)	(7,585)
Proceeds from sale of investments	63
Net cash used in investing activities	(176,487)	(45,409)
Cash flows from financing activities:
Borrowings under Revolving Credit Facility	467,300	111,800
Payments under Revolving Credit Facility	(693,612)	(195,800)
Proceeds from issuance of Term Loan	300,000
Proceeds from issuance of 2022 Notes	400,000
Payments on 2018 Notes	(400,000)
Payments on capitalized lease obligations and other debt	(880)	(1,149)
Payment of deferred financing costs	(12,869)
Payment of debt premium for extinguishment of debt	(16,693)
Net receipts (payments) related to stock-based award activities	9,411	(1,192)
Excess tax benefits from stock-based compensation	8,681	1,097
Net cash provided by (used in) financing activities	61,338	(85,244)
Effect of exchange rate changes on cash and cash equivalents	2,294	(5,451)
Net decrease in cash and cash equivalents	(29,462)	(66,062)
Cash and cash equivalents, beginning of period	46,475	94,407
Cash and cash equivalents, end of period	$ 17,013	$ 28,345

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Condensed Consolidated Balance Sheets (Parenthetical) (USD $) In Thousands, except Per Share data, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	10,000	10,000
Preferred stock, shares issued
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	90,000	90,000
Common stock, shares issued	37,072	36,493
Common stock, shares outstanding	37,072	36,493

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Income Taxes

6 Months Ended

Jun. 30, 2014

Income Taxes

10. Income Taxes

Income tax expense was recorded at an effective rate of 35.5% and 32.9% for the three and six months ended June 30, 2014, respectively, compared to 33.4% and 32.2% for the three and six months ended June 30, 2013, respectively. The Company’s effective tax rate is favorably impacted by an intercompany financing structure entered into in conjunction with the E.D. Smith Foods, Ltd. (“E.D. Smith”) acquisition in 2007. The increase in the effective tax rate for the three and six months ended June 30, 2014 as compared to 2013 is attributable to an increase in state tax expense, acquisition related expenses that are not deductible for tax purposes, and the tax impact of a shift in revenue between jurisdictions.

During the second quarter of 2014, the IRS initiated an examination of TreeHouse Foods’ 2012 tax year. The Canadian Revenue Agency (“CRA”) is currently examining the 2008 through 2012 tax years of E.D. Smith. The IRS and CRA examinations are expected to be completed in 2014 or 2015. The Company has examinations in process with various state taxing authorities, which are expected to be completed in 2014 or 2015.

Management estimates that it is reasonably possible that the total amount of unrecognized tax benefits could decrease by as much as $0.6 million within the next 12 months, primarily as a result of the resolution of audits currently in progress and the lapsing of statutes of limitations.

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Condensed Supplemental Consolidating Statement of Cash Flows (Detail) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities	$ 83,393	$ 70,042
Cash flows from investing activities:
Additions to property, plant and equipment	(30,489)	(35,641)
Additions to other intangible assets	(5,400)	(3,255)
Acquisitions, less cash acquired	(140,835)
Proceeds from sale of fixed assets	527	1,072
Purchase of investments	(353)	(7,585)
Proceeds from sale of investments	63
Net cash used in investing activities	(176,487)	(45,409)
Cash flows from financing activities:
Borrowings under Revolving Credit Facility	467,300	111,800
Payments under Revolving Credit Facility	(693,612)	(195,800)
Proceeds from issuance of Term Loan	300,000
Proceeds from issuance of 2022 Notes	400,000
Payments on 2018 Notes	(400,000)
Payments on capitalized lease obligations and other debt	(880)	(1,149)
Payments of deferred financing costs	(12,869)
Payment of debt premium for extinguishment of debt	(16,693)
Net receipts (payments) related to stock-based award activities	9,411	(1,192)
Excess tax benefits from stock-based compensation	8,681	1,097
Net cash provided by (used in) financing activities	61,338	(85,244)
Effect of exchange rate changes on cash and cash equivalents	2,294	(5,451)
Decrease in cash and cash equivalents	(29,462)	(66,062)
Cash and cash equivalents, beginning of period	46,475	94,407
Cash and cash equivalents, end of period	17,013	28,345
Eliminations
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities	(100,298)
Cash flows from investing activities:
Intercompany transfer	(57,123)
Net cash used in investing activities	(57,123)
Cash flows from financing activities:
Intercompany transfer	157,421
Net cash provided by (used in) financing activities	157,421
Parent Company
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities	73,621	(15,554)
Cash flows from investing activities:
Additions to property, plant and equipment	(287)	(156)
Additions to other intangible assets	(5,166)	(2,407)
Intercompany transfer	(173,924)
Net cash used in investing activities	(179,377)	(2,563)
Cash flows from financing activities:
Borrowings under Revolving Credit Facility	467,300	111,800
Payments under Revolving Credit Facility	(693,300)	(195,800)
Proceeds from issuance of Term Loan	300,000
Proceeds from issuance of 2022 Notes	400,000
Payments on 2018 Notes	(400,000)
Payments of deferred financing costs	(12,869)
Payment of debt premium for extinguishment of debt	(16,693)
Intercompany transfer	19,958	121,021
Net receipts (payments) related to stock-based award activities	9,411	(1,192)
Excess tax benefits from stock-based compensation	8,681	1,097
Net cash provided by (used in) financing activities	82,488	36,926
Decrease in cash and cash equivalents	(23,268)	18,809
Cash and cash equivalents, beginning of period	23,268
Cash and cash equivalents, end of period		18,809
Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities	102,402	153,551
Cash flows from investing activities:
Additions to property, plant and equipment	(23,233)	(31,175)
Additions to other intangible assets	(234)	(848)
Intercompany transfer	231,047
Acquisitions, less cash acquired	(144,147)
Proceeds from sale of fixed assets	130	915
Net cash used in investing activities	63,563	(31,108)
Cash flows from financing activities:
Payments on capitalized lease obligations and other debt	(880)	(1,149)
Intercompany transfer	(165,127)	(121,021)
Net cash provided by (used in) financing activities	(166,007)	(122,170)
Decrease in cash and cash equivalents	(42)	273
Cash and cash equivalents, beginning of period	43	269
Cash and cash equivalents, end of period	1	542
Non-Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities	7,668	(67,955)
Cash flows from investing activities:
Additions to property, plant and equipment	(6,969)	(4,310)
Acquisitions, less cash acquired	3,312
Proceeds from sale of fixed assets	397	157
Purchase of investments	(353)	(7,585)
Proceeds from sale of investments	63
Net cash used in investing activities	(3,550)	(11,738)
Cash flows from financing activities:
Payments under Revolving Credit Facility	(312)
Intercompany transfer	(12,252)
Net cash provided by (used in) financing activities	(12,564)
Effect of exchange rate changes on cash and cash equivalents	2,294	(5,451)
Decrease in cash and cash equivalents	(6,152)	(85,144)
Cash and cash equivalents, beginning of period	23,164	94,138
Cash and cash equivalents, end of period	$ 17,012	$ 8,994

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Condensed Supplemental Consolidating Statement of Income (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Condensed Financial Statements, Captions [Line Items]
Net sales	$ 627,960	$ 526,346	$ 1,246,863	$ 1,066,456
Cost of sales	492,283	416,778	978,195	842,716
Gross profit	135,677	109,568	268,668	223,740
Selling, general and administrative expense	80,204	60,500	151,989	120,375
Amortization	10,532	8,227	20,566	16,726
Other operating (income) expense, net	365	(136)	1,238	1,282
Operating (loss) income	44,576	40,977	94,875	85,357
Interest expense	9,001	12,230	19,874	25,008
Interest income	(413)	(322)	(581)	(1,000)
Loss on extinguishment of debt	5,259		21,944
Other expense (income), net	(3,011)	1,186	(145)	112
(Loss) income before income taxes	33,740	27,883	53,783	61,237
Income taxes (benefit)	11,981	9,318	17,702	19,698
Net income	21,759	18,565	36,081	41,539
Eliminations
Condensed Financial Statements, Captions [Line Items]
Net sales	(64,147)	(20,878)	(109,371)	(38,049)
Cost of sales	(64,147)	(20,878)	(109,371)	(38,049)
Interest expense	(4,440)	(3,530)	(8,276)	(7,054)
Interest income	4,440	3,530	8,276	7,054
Equity in net income (loss) of subsidiaries	(42,110)	(27,500)	(82,322)	(66,896)
Net income	(42,110)	(27,500)	(82,322)	(66,896)
Parent Company
Condensed Financial Statements, Captions [Line Items]
Selling, general and administrative expense	17,333	10,216	31,392	24,617
Amortization	1,411	1,321	2,923	2,599
Operating (loss) income	(18,744)	(11,537)	(34,315)	(27,216)
Interest expense	8,776	12,085	19,465	24,579
Loss on extinguishment of debt	5,259		21,944
Other expense (income), net	9	(2)	9	(2)
(Loss) income before income taxes	(32,788)	(23,620)	(75,733)	(51,793)
Income taxes (benefit)	(12,641)	(15,812)	(29,933)	(29,204)
Equity in net income (loss) of subsidiaries	41,906	26,373	81,881	64,128
Net income	21,759	18,565	36,081	41,539
Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net sales	537,886	471,138	1,073,048	957,072
Cost of sales	421,380	374,912	843,280	759,288
Gross profit	116,506	96,226	229,768	197,784
Selling, general and administrative expense	50,695	43,963	96,728	83,151
Amortization	5,953	5,756	11,728	11,808
Other operating (income) expense, net	356	(517)	1,217	419
Operating (loss) income	59,502	47,024	120,095	102,406
Interest expense	201	154	385	438
Interest income	(4,444)	(3,530)	(8,304)	(7,054)
Other expense (income), net	(2,399)	543	(715)	(146)
(Loss) income before income taxes	66,144	49,857	128,729	109,168
Income taxes (benefit)	24,442	24,611	47,289	47,808
Equity in net income (loss) of subsidiaries	204	1,127	441	2,768
Net income	41,906	26,373	81,881	64,128
Non-Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net sales	154,221	76,086	283,186	147,433
Cost of sales	135,050	62,744	244,286	121,477
Gross profit	19,171	13,342	38,900	25,956
Selling, general and administrative expense	12,176	6,321	23,869	12,607
Amortization	3,168	1,150	5,915	2,319
Other operating (income) expense, net	9	381	21	863
Operating (loss) income	3,818	5,490	9,095	10,167
Interest expense	4,464	3,521	8,300	7,045
Interest income	(409)	(322)	(553)	(1,000)
Other expense (income), net	(621)	645	561	260
(Loss) income before income taxes	384	1,646	787	3,862
Income taxes (benefit)	180	519	346	1,094
Net income	$ 204	$ 1,127	$ 441	$ 2,768

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Document and Entity Information	6 Months Ended
	Jun. 30, 2014	Jul. 31, 2014
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2014
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q2
Trading Symbol	THS
Entity Registrant Name	TREEHOUSE FOODS, INC.
Entity Central Index Key	0001320695
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		42,069,075

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Long-Term Debt

6 Months Ended

Jun. 30, 2014

Long-Term Debt

11. Long-Term Debt

	June 30, 2014			December 31, 2013
	(In thousands)
Revolving credit facility	$	309,000		$	535,000
Term Loan		300,000			—
2018 Notes		—			400,000
2022 Notes		400,000			—
Tax increment financing and other debt		11,515			5,496
Total debt outstanding		1,020,515			940,496
Less current portion		(3,939	)		(1,551	)
Total long-term debt	$	1,016,576		$	938,945

On May 6, 2014, the Company entered into a new five year unsecured Revolving Credit Facility (the “Revolving Credit Facility”) with an aggregate commitment of $900 million and a $300 million senior unsecured seven year term loan (the “Term Loan”) pursuant to a new credit agreement (the “Credit Agreement”). The proceeds from the Term Loan and a draw at closing on the Revolving Credit Facility were used to repay in full amounts outstanding under our prior $750 million unsecured revolving credit facility (the “Prior Credit Agreement”). The Credit Agreement replaced the Prior Credit Agreement, and the Prior Credit Agreement was terminated upon the repayment of the amounts outstanding thereunder on May 6, 2014. As a result of the debt refinancing, $6.5 million of fees associated with the Revolving Credit Facility and $2.4 million of fees associated with the Term Loan will be amortized over their five years and seven year terms, respectively.

Revolving Credit Facility — As of June 30, 2014, $580.2 million of the aggregate commitment of $900 million of the Revolving Credit Facility was available. The Revolving Credit Facility matures on May 6, 2019. In addition, as of June 30, 2014, there were $10.8 million in letters of credit under the Revolving Credit Facility that were issued but undrawn.

Interest is payable quarterly or at the end of the applicable interest period in arrears on any outstanding borrowings. The initial pricing for the Revolving Credit Facility is determined by LIBOR plus a margin of 1.50%, which includes a 0.30% facility fee. Thereafter, the Revolving Credit Facility generally will bear interest at a rate per annum equal to (i) LIBOR, plus a margin ranging from 1.25% to 2.00% (inclusive of the facility fee), based on the Company’s consolidated leverage ratio or (ii) a Base Rate (as defined in the Credit Agreement), plus a margin ranging from 0.25% to 1.00% (inclusive of the facility fee), based on the Company’s consolidated leverage ratio. The Company’s average interest rate on debt outstanding under its Revolving Credit Facility for three months ended June 30, 2014 was 1.56%.

The Credit Agreement is guaranteed by our 100% owned direct and indirect subsidiaries, Bay Valley, Sturm Foods, S.T. Specialty Foods and certain other subsidiaries that may become guarantors in the future (the aforementioned entities are known collectively as the “Guarantors”). The Revolving Credit Facility contains various financial and restrictive covenants and requires that the Company maintain certain financial ratios, including a leverage and interest coverage ratio.

Term Loan — On May 6, 2014, the Company entered into a $300 million senior unsecured Term Loan pursuant to the same Credit Agreement used for the Revolving Credit Facility. The Term Loan matures on May 6, 2021. The initial pricing of the Term Loan is determined by LIBOR plus a margin of 1.75%. Thereafter, the Term Loan generally will bear interest at a rate per annum equal to (i) LIBOR, plus a margin ranging from 1.50% to 2.25%, based on the Company’s consolidated leverage ratio or (ii) a Base Rate (as defined in the Credit Agreement), plus a margin ranging from 0.50% to 1.25%, based on the Company’s consolidated leverage ratio. The Term Loan is subject to substantially the same covenants as the Revolving Credit Facility, and also has the same Guarantors.

2018 Notes — The Company previously issued 7.75% notes in aggregate principal amount of $400 million due on March 1, 2018 (the “2018 Notes”). During the first quarter, on February 25, 2014, the Company commenced a tender offer and consent solicitation to repurchase and extinguish $400 million in aggregate principal amount of the 2018 Notes. Pursuant to the terms of the tender offer, the Company offered to repurchase the 2018 Notes at a price of 104.275% of the principal amount (plus any accrued but unpaid interest to, but excluding the payment date), for any 2018 Notes validly tendered and not withdrawn prior to the consent expiration time on March 10, 2014. As of the consent expiration time, the holders had tendered approximately $298 million in aggregate principal amount of 2018 Notes, and the Company accepted all such 2018 Notes tendered for purchase and extinguishment on March 11, 2014. The remaining holders had until March 24, 2014 to tender their 2018 Notes at a reduced rate of 101.275% of the principal amount; no additional 2018 Notes were tendered prior to the final expiration of the tender offer and consent solicitation.

On March 11, 2014, the Company issued a redemption notice for all of its remaining outstanding 2018 Notes. On April 10, 2014, all remaining outstanding 2018 Notes, or approximately $102 million in aggregate principal amount, were redeemed at a price of 103.875% of the principal amount of the 2018 Notes, plus accrued but unpaid interest. Accordingly, no 2018 Notes remain outstanding as of June 30, 2014. For the six months ended June 30, 2014, the Company incurred a loss on extinguishment of the 2018 Notes totaling $16.7 million that included the write-off of $5.3 million in deferred financing costs.

2022 Notes — On March 11, 2014, the Company completed its underwritten public offering of $400 million in aggregate principal amount of 4.875% notes due March 15, 2022 (the “2022 Notes”). The net proceeds of $394 million ($400 million less underwriting discount of $6 million, providing an effective interest rate of 4.99%) were used to extinguish $298 million of the 2018 Notes with the balance of the proceeds being used to pay down the Revolving Credit Facility. The Company issued the 2022 Notes pursuant to an Indenture between the Company, the guarantors and Wells Fargo Bank, National Association as trustee (the “Trustee”), among the Company, the Guarantors, and the Trustee.

The Indenture provides, among other things, that the 2022 Notes will be senior unsecured obligations of the Company. The Company’s payment obligations under the 2022 Notes are fully and unconditionally, as well as jointly and severally, guaranteed on a senior unsecured basis by the Guarantors, in addition to any future domestic subsidiaries that guarantee or become borrowers under its credit facility, or guarantee certain other indebtedness incurred by the Company or its restricted subsidiaries. Interest is payable on March 15 and September 15 of each year, beginning September 15, 2014. The 2022 Notes will mature on March 15, 2022.

The Company may redeem some or all of the 2022 Notes at any time prior to March 15, 2017 at a price equal to 100% of the principal amount of the 2022 Notes redeemed, plus an applicable “make-whole” premium. On or after March 15, 2017, the Company may redeem some or all of the 2022 Notes at redemption prices set forth in the Indenture. In addition, at any time prior to March 15, 2017, the Company may redeem up to 35% of the 2022 Notes at a redemption price of 104.875% of the principal amount of the 2022 Notes redeemed with the net cash proceeds of certain equity offerings.

Subject to certain limitations, in the event of a change of control of the Company, the Company will be required to make an offer to purchase the 2022 Notes at a purchase price equal to 101% of the principal amount of the 2022 Notes, plus accrued and unpaid interest.

The Indenture contains restrictive covenants that, among other things, limit the ability of the Company and the Guarantors to: (i) pay dividends or make other restricted payments, (ii) make certain investments, (iii) incur additional indebtedness or issue preferred stock, (iv) create liens, (v) pay dividends or make other payments (except for certain dividends and payments to the Company and certain subsidiaries of the Company), (vi) merge or consolidate with other entities or sell substantially all of its assets, (vii) enter into transactions with affiliates and (viii) engage in certain sale and leaseback transactions. The foregoing limitations are subject to exceptions as set forth in the Indenture. In addition, if in the future the 2022 Notes have an investment grade credit rating by both Moody’s Investors Services, Inc. and Standard & Poor’s Ratings Services, certain of these covenants will, thereafter, no longer apply to the 2022 Notes for so long as the 2022 Notes are rated investment grade by the two rating agencies.

Tax Increment Financing —The Company owes $1.6 million related to redevelopment bonds pursuant to a Tax Increment Financing Plan and has agreed to make certain payments with respect to the principal amount of the bonds through May 1, 2019.

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Supplemental Cash Flow Information (Detail) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Schedule of Cash Flow, Supplemental [Line Items]
Interest paid	$ 23,430	$ 23,136
Income taxes paid	34,426	26,206
Accrued purchase of property and equipment	8,988	4,795
Accrued other intangible assets	$ 1,284	$ 584

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Condensed Supplemental Consolidating Balance Sheet (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2013	Dec. 31, 2012
Current assets:
Cash and cash equivalents	$ 17,013	$ 46,475	$ 28,345	$ 94,407
Investments	9,386	8,680
Accounts receivable, net	154,888	152,763
Inventories, net	498,933	405,698
Deferred income taxes	13,233	21,909
Prepaid expenses and other current assets	25,487	14,164
Total current assets	718,940	649,689
Property, plant and equipment, net	496,671	462,275
Goodwill	1,163,964	1,119,204
Identifiable intangible and other assets, net	532,781	489,886
Total assets	2,912,356	2,721,054
Current liabilities:
Accounts payable and accrued expenses	288,918	238,813
Current portion of long-term debt	3,939	1,551
Total current liabilities	292,857	240,364
Long-term debt	1,016,576	938,945
Deferred income taxes	240,644	228,569
Other long-term liabilities	25,830	40,058
Stockholders' equity	1,336,449	1,273,118
Total liabilities and stockholders' equity	2,912,356	2,721,054
Eliminations
Current assets:
Prepaid expenses and other current assets	(20,581)	(27,077)
Total current assets	(20,581)	(27,077)
Investment in subsidiaries	(2,508,874)	(2,228,656)
Deferred income taxes	(14,474)	(13,545)
Total assets	(2,543,929)	(2,269,278)
Current liabilities:
Accounts payable and accrued expenses	(20,581)	(27,077)
Total current liabilities	(20,581)	(27,077)
Deferred income taxes	(14,474)	(13,545)
Stockholders' equity	(2,508,874)	(2,228,656)
Total liabilities and stockholders' equity	(2,543,929)	(2,269,278)
Parent Company
Current assets:
Cash and cash equivalents		23,268	18,809
Accounts receivable, net		258
Prepaid expenses and other current assets	28,563	27,890
Total current assets	28,563	51,416
Property, plant and equipment, net	13,188	13,426
Investment in subsidiaries	2,207,315	1,970,351
Intercompany accounts receivable (payable), net	69,044	154,742
Deferred income taxes	14,474	13,545
Identifiable intangible and other assets, net	54,903	46,943
Total assets	2,387,487	2,250,423
Current liabilities:
Accounts payable and accrued expenses	34,810	26,127
Total current liabilities	34,810	26,127
Long-term debt	1,009,000	935,000
Deferred income taxes		206
Other long-term liabilities	7,228	15,972
Stockholders' equity	1,336,449	1,273,118
Total liabilities and stockholders' equity	2,387,487	2,250,423
Guarantor Subsidiaries
Current assets:
Cash and cash equivalents	1	43	542	269
Accounts receivable, net	107,297	116,464
Inventories, net	363,383	314,912
Deferred income taxes	10,220	18,534
Prepaid expenses and other current assets	11,285	12,593
Total current assets	492,186	462,546
Property, plant and equipment, net	377,073	379,380
Goodwill	959,440	959,440
Investment in subsidiaries	301,559	258,305
Intercompany accounts receivable (payable), net	258,186	68,407
Identifiable intangible and other assets, net	277,787	288,873
Total assets	2,666,231	2,416,951
Current liabilities:
Accounts payable and accrued expenses	222,523	204,920
Current portion of long-term debt	1,535	1,498
Total current liabilities	224,058	206,418
Long-term debt	2,663	3,580
Deferred income taxes	214,339	213,219
Other long-term liabilities	17,856	23,383
Stockholders' equity	2,207,315	1,970,351
Total liabilities and stockholders' equity	2,666,231	2,416,951
Non-Guarantor Subsidiaries
Current assets:
Cash and cash equivalents	17,012	23,164	8,994	94,138
Investments	9,386	8,680
Accounts receivable, net	47,591	36,041
Inventories, net	135,550	90,786
Deferred income taxes	3,013	3,375
Prepaid expenses and other current assets	6,220	758
Total current assets	218,772	162,804
Property, plant and equipment, net	106,410	69,469
Goodwill	204,524	159,764
Intercompany accounts receivable (payable), net	(327,230)	(223,149)
Identifiable intangible and other assets, net	200,091	154,070
Total assets	402,567	322,958
Current liabilities:
Accounts payable and accrued expenses	52,166	34,843
Current portion of long-term debt	2,404	53
Total current liabilities	54,570	34,896
Long-term debt	4,913	365
Deferred income taxes	40,779	28,689
Other long-term liabilities	746	703
Stockholders' equity	301,559	258,305
Total liabilities and stockholders' equity	$ 402,567	$ 322,958

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Condensed Consolidated Statements Of Income (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Net sales	$ 627,960	$ 526,346	$ 1,246,863	$ 1,066,456
Cost of sales	492,283	416,778	978,195	842,716
Gross profit	135,677	109,568	268,668	223,740
Operating expenses:
Selling and distribution	39,594	31,394	77,611	63,796
General and administrative	40,610	29,106	74,378	56,579
Other operating expense (income), net	365	(136)	1,238	1,282
Amortization expense	10,532	8,227	20,566	16,726
Total operating expenses	91,101	68,591	173,793	138,383
Operating (loss) income	44,576	40,977	94,875	85,357
Other expense (income):
Interest expense	9,001	12,230	19,874	25,008
Interest income	(413)	(322)	(581)	(1,000)
(Gain) loss on foreign currency exchange	(4,099)	841	(1,148)	480
Loss on extinguishment of debt	5,259		21,944
Other expense (income), net	1,088	345	1,003	(368)
Total other expense	10,836	13,094	41,092	24,120
(Loss) income before income taxes	33,740	27,883	53,783	61,237
Income taxes	11,981	9,318	17,702	19,698
Net income	$ 21,759	$ 18,565	$ 36,081	$ 41,539
Net earnings per common share:
Basic	$ 0.59	$ 0.51	$ 0.98	$ 1.14
Diluted	$ 0.57	$ 0.50	$ 0.95	$ 1.11
Weighted average common shares:
Basic	36,961	36,337	36,822	36,323
Diluted	37,990	37,373	37,861	37,312

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Investments

6 Months Ended

Jun. 30, 2014

Investments

5. Investments

	June 30, 2014		December 31, 2013
	(In thousands)
U.S. equity	$	5,786	$	5,254
Non-U.S. equity		1,796		1,669
Fixed income		1,804		1,757
Total investments	$	9,386	$	8,680

We determine the appropriate classification of our investments at the time of purchase and reevaluate such designation as of each balance sheet date. The Company accounts for investments in debt and marketable equity securities as held-to-maturity, available-for-sale, or trading, depending on their classification. The investments held by the Company are classified as trading securities and are stated at fair value, with changes in fair value recorded as a component of the Interest income line on the Condensed Consolidated Statements of Income. Cash flows from purchases, sales and maturities of trading securities are included in cash flows from investing activities in the Condensed Consolidated Statements of Cash Flows based on the nature and purpose for which the securities were acquired.

Our investments are considered trading securities and include U.S. equity, non-U.S. equity and fixed income securities that are classified as short-term investments and carried at fair value on the Condensed Consolidated Balance Sheets. The U.S. equity, non-U.S. equity, and fixed income securities are classified as short-term investments as they have characteristics of other current assets and are actively managed.

For the six months ended June 30, 2014, we recognized net unrealized gains totaling $0.4 million that are included in the Interest income line of the Condensed Consolidated Statements of Income. For the three months ended June 30, 2014, we recognized $0.3 million of net unrealized gains. Additionally, for the six months ended June 30, 2014, we recognized realized gains totaling $0.1 million that are included in the Interest income line of the Condensed Consolidated Statements of Income, while realized gains for the three months ended June 30, 2014 that were insignificant. When securities are sold, their cost is determined based on the first-in, first-out method.

We consider temporary cash investments with an original maturity of three months or less to be cash equivalents. As of June 30, 2014 and December 31, 2013, $14.3 million and $19.3 million, respectively, represents cash and equivalents held in Canada in local currency, and are convertible into other currencies. The cash and equivalents held in Canada are expected to be used for general corporate purposes in Canada, including capital projects and acquisitions.

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Acquisitions

6 Months Ended

Jun. 30, 2014

Acquisitions

4. Acquisitions

On May 30, 2014, the Company completed its acquisition of all of the outstanding shares of PFF Capital Group, Inc. (“Protenergy”), a privately owned Canadian based manufacturer of broth, soups and gravies. Protenergy specializes in providing products in carton and recart packaging for both private label and corporate brands, and also serves as a co-manufacturer of national brands. The purchase price was approximately CAD $170 million, net of acquired cash, before any adjustments for working capital. The acquisition was financed through borrowings under the Company’s revolving credit facility (the “Revolving Credit Facility”). The acquisition is expected to expand our existing packaging capabilities and enable us to offer customers a full range of soup products as well as leverage our research and development capabilities in the evolution of shelf stable liquids from cans to cartons.

The Protenergy acquisition is being accounted for under the acquisition method of accounting and the results of operations are included in our financial statements from the date of acquisition and are in the North American Retail Grocery and Industrial and Export segments. Included in the Company’s Condensed Consolidated Statements of Income are Protenergy’s net sales of approximately $10.7 million from the date of acquisition through June 30, 2014. Also included is a net loss of $3.0 million from the date of acquisition through June 30, 2014. This loss includes integration costs of $4.4 million. At the date of acquisition, the purchase price was allocated to the assets and liabilities acquired based upon fair market values, and is subject to adjustments.

We have made a preliminary allocation to net tangible and intangible assets acquired and liabilities assumed as follows (in USD):

	(In thousands)
Cash	$	2,580
Receivables		10,949
Inventory		38,283
Property plant and equipment		38,075
Customer relationships		49,516
Capitalized software		1,498
Formulas		433
Other assets		8,669
Goodwill		45,916
Fair value of assets acquired		195,919
Assumed liabilities		(45,095	)
Total purchase price	$	150,824

The Company allocated $49.5 million to customer relationships that have an estimated life of 15 years and $0.4 million to formulas with an estimated life of 5 years. The Company has allocated $34.4 million of goodwill to the North American Retail Grocery segment and $11.5 million of goodwill to the Industrial and Export segment. Goodwill arises principally as a result of expansion opportunities, driven in part by Protenergy’s packaging technology. The Company incurred approximately $2.7 million in acquisition related costs. These costs are included in the General and administrative expense line of the Condensed Consolidated Statements of Income. The allocation to net tangible and intangible assets acquired and liabilities assumed is preliminary and subject to change for working capital adjustments, taxes and completion of the valuation analysis of certain intangibles. We expect the intangible valuation to be complete during the third quarter.

The following unaudited pro forma information shows the results of operations for the Company as if the acquisition of Protenergy had been completed as of January 1, 2013. Adjustments have been made for the pro forma effects of depreciation and amortization of tangible and intangible assets recognized as part of the business combination, interest expense related to the financing of the business combinations, and related income taxes. These pro forma results may not necessarily reflect actual results of operations that would have been achieved, nor are they necessarily indicative of future results of operations.

	Six Months Ended June 30,
	2014		2013
	(In thousands, except per share data)
Pro forma net sales	$	1,307,621	$	1,108,286
Pro forma net income	$	28,526	$	34,510
Pro forma basic earnings per common share	$	.77	$	.95
Pro forma diluted earnings per common share	$	.75	$	.92

The Company acquired all of the outstanding equity interests of Associated Brands Management Holdings Inc., Associated Brands Holdings Limited Partnership, Associated Brands GP Corporation and 6726607 Canada Ltd. (collectively, “Associated Brands”) from TorQuest Partners LLC and other shareholders in October of 2013. Associated Brands was a privately owned Canadian company and a private label manufacturer of powdered drinks, specialty teas, and sweeteners. The purchase price, after adjusting for working capital, was approximately CAD $191 million. The acquisition was financed through cash on hand and borrowings under the Company’s Prior Credit Agreement (as defined in Note 11). The acquisition of Associated Brands strengthened the Company’s retail presence in the private label dry grocery segment and introduced a line of specialty tea products to complement its single serve coffee business, and was accounted for under the acquisition method of accounting. At the date of acquisition, the purchase price was allocated to the assets and liabilities acquired based upon fair market values, and is subject to adjustments, primarily for taxes. During the first quarter of 2014, the working capital adjustment was finalized and resulted in a CAD $1.4 million reduction to goodwill.

The following unaudited pro forma information shows the results of operations for the Company as if the acquisition of Associated Brands had been completed as of January 1, 2013. Adjustments have been made for the pro forma effects of depreciation and amortization of tangible and intangible assets recognized as part of the business combination, interest expense related to the financing of the business combinations, and related income taxes. These pro forma results may not necessarily reflect actual results of operations that would have been achieved, nor are they necessarily indicative of future results of operations.

	Six Months Ended June 30,
	2013
	(In thousands) (except per share data)
Pro forma net sales	$	1,166,062
Pro forma net income	$	45,154
Pro forma basic earnings per common share	$	1.24
Pro forma diluted earnings per common share	$	1.21

On July 1, 2013, the Company completed its acquisition of all of the outstanding shares of Cains Foods, L.P. (“Cains”), a privately owned Ayer, Massachusetts based manufacturer of shelf stable mayonnaise, dressings, and sauces. The Cains product portfolio offers retail and foodservice customers a wide array of packaging sizes, sold as private label and branded products. The purchase price was approximately $35 million, net of acquired cash, after adjusting for working capital and taxes. The acquisition was financed throughborrowings under the Company’s Prior Credit Agreement. The acquisition expanded the Company’s footprint in the Northeast United States, enhanced its foodservice presence, and enriched its packaging capabilities. The acquisition was accounted for under the acquisition method of accounting and the results of operations are included in our financial statements from the date of acquisition.

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Other Operating Expense (Income), Net

6 Months Ended

Jun. 30, 2014

Other Operating Expense (Income), Net

16. Other Operating Expense (Income), Net

The Company incurred other operating expense (income) for the three and six months ended June 30, 2014 and 2013, which consisted of the following:

	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014		2013
	(In thousands)						(In thousands)
Restructuring	$	371		$	(136	)	$	1,238	$	1,282
Other expense		(6	)		—			—		—
Total other operating expense (income), net	$	365		$	(136	)	$	1,238	$	1,282

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Earnings Per Share

6 Months Ended

Jun. 30, 2014

Earnings Per Share

12. Earnings Per Share

Basic earnings per share is computed by dividing net income by the number of weighted average common shares outstanding during the reporting period. The weighted average number of common shares used in the diluted earnings per share calculation is determined using the treasury stock method and includes the incremental effect related to the Company’s outstanding stock-based compensation awards.

The following table summarizes the effect of the share-based compensation awards on the weighted average number of shares outstanding used in calculating diluted earnings per share:

	Three Months Ended June 30,				Six Months Ended June 30,
	2014		2013		2014		2013
	(In thousands)				(In thousands)
Weighted average common shares outstanding		36,961		36,337		36,822		36,323
Assumed exercise/vesting of equity awards (1)		1,029		1,036		1,039		989
Weighted average diluted common shares outstanding		37,990		37,373		37,861		37,312

(1) Incremental shares from stock-based compensation awards (equity awards) are computed by the treasury stock method. Equity awards, excluded from our computation of diluted earnings per share because they were anti-dilutive, were 0.4 million for the three and six months ended June 30, 2014 and 0.7 million for the three and six months ended June 30, 2013, respectively.

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Gains and Losses on Derivative Contracts (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Derivative Instruments, Gain (Loss) [Line Items]
Mark to market (gain) loss, Foreign currency contracts			$ 170	$ 499
Mark to market (gain) loss, Total unrealized (loss) gain	(247)	(274)	(363)	499
Realized (loss) gain		(163)		(129)
Total (loss) gain	(247)	(437)	(363)	370
Commodity contracts | Other (income) expense, net
Derivative Instruments, Gain (Loss) [Line Items]
Mark to market (gain) loss, Commodity contracts	(53)	(274)	(169)	499
Commodity contracts | Selling and distribution
Derivative Instruments, Gain (Loss) [Line Items]
Realized (loss) gain		(163)		(129)
Foreign currency contract | Gain on foreign currency exchange
Derivative Instruments, Gain (Loss) [Line Items]
Mark to market (gain) loss, Foreign currency contracts	$ (194)		$ (194)

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Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2014

Goodwill and Intangible Assets

8. Goodwill and Intangible Assets

Changes in the carrying amount of goodwill for the six months ended June 30, 2014 are as follows:

	North American Retail Grocery			Food Away From Home			Industrial and Export			Total
	(In thousands)
Balance at December 31, 2013	$	884,768		$	95,572		$	138,864		$	1,119,204
Acquisition		34,437			—			11,479			45,916
Purchase price adjustments		(974	)		(54	)		(115	)		(1,143	)
Currency exchange adjustment		(66	)		(45	)		98			(13	)
Balance at June 30, 2014	$	918,165		$	95,473		$	150,326		$	1,163,964

The Company has not incurred any goodwill impairments since its inception.

The gross carrying amount and accumulated amortization of intangible assets other than goodwill as of June 30, 2014 and December 31, 2013 are as follows:

	June 30, 2014							December 31, 2013
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
	(In thousands)							(In thousands)
Intangible assets with indefinite lives:
Trademarks	$	30,990	$	—		$	30,990	$	31,067	$	—		$	31,067
Intangible assets with finite lives:
Customer-related		575,783		(148,375	)		427,408		525,820		(133,063	)		392,757
Contractual agreements		1,246		(171	)		1,075		1,249		(87	)		1,162
Trademarks		26,459		(8,028	)		18,431		26,466		(7,164	)		19,302
Formulas/recipes		9,317		(6,396	)		2,921		8,882		(5,708	)		3,174
Computer software		58,054		(26,503	)		31,551		51,087		(22,793	)		28,294
Total	$	701,849	$	(189,473	)	$	512,376	$	644,571	$	(168,815	)	$	475,756

Amortization expense on intangible assets for the three months ended June 30, 2014 and 2013 was $10.5 million and $8.2 million, respectively, and $20.6 million and $16.7 million for the six months ended June 30, 2014 and 2013, respectively. Estimated amortization expense on intangible assets for 2014 and the next four years is as follows:

	(In thousands)
2014	$	43,802
2015	$	43,390
2016	$	42,577
2017	$	41,850
2018	$	36,494

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Changes in Carrying Amount of Goodwill (Detail) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2014
Goodwill [Line Items]
Beginning Balance	$ 1,119,204
Acquisition	45,916
Purchase price adjustments	(1,143)
Currency exchange adjustment	(13)
Ending Balance	1,163,964
North American Retail Grocery
Goodwill [Line Items]
Beginning Balance	884,768
Acquisition	34,437
Purchase price adjustments	(974)
Currency exchange adjustment	(66)
Ending Balance	918,165
Food Away From Home
Goodwill [Line Items]
Beginning Balance	95,572
Purchase price adjustments	(54)
Currency exchange adjustment	(45)
Ending Balance	95,473
Industrial and Export
Goodwill [Line Items]
Beginning Balance	138,864
Acquisition	11,479
Purchase price adjustments	(115)
Currency exchange adjustment	98
Ending Balance	$ 150,326

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Inventories

6 Months Ended

Jun. 30, 2014

Inventories

6. Inventories

	June 30, 2014			December 31, 2013
	(In thousands)
Raw materials and supplies	$	189,281		$	162,751
Finished goods		331,236			264,829
LIFO reserve		(21,584	)		(21,882	)
Total	$	498,933		$	405,698

Approximately $83.1 million and $84.6 million of our inventory was accounted for under the Last-in, First-out (“LIFO”) method of accounting at June 30, 2014 and December 31, 2013, respectively.

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Property, Plant and Equipment

6 Months Ended

Jun. 30, 2014

Property, Plant and Equipment

7. Property, Plant and Equipment

	June 30, 2014			December 31, 2013
	(In thousands)
Land	$	26,123		$	26,492
Buildings and improvements		197,883			194,439
Machinery and equipment		584,334			536,256
Construction in progress		40,348			43,146
Total		848,688			800,333
Less accumulated depreciation		(352,017	)		(338,058	)
Property, plant and equipment, net	$	496,671		$	462,275

Depreciation expense was $15.1 million and $20.0 million for the three months ended June 30, 2014 and 2013, respectively, and $32.1 million and $38.4 million for the six months ended June 30, 2014 and 2013, respectively.

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Accounts Payable and Accrued Expenses

6 Months Ended

Jun. 30, 2014

Accounts Payable and Accrued Expenses

9. Accounts Payable and Accrued Expenses

	June 30, 2014		December 31, 2013
	(In thousands)
Accounts payable	$	218,941	$	154,378
Payroll and benefits		37,120		40,155
Interest and taxes		10,154		22,190
Health insurance, workers’ compensation and other insurance costs		8,192		8,164
Marketing expenses		6,924		7,568
Other accrued liabilities		7,587		6,358
Total	$	288,918	$	238,813

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Accounts Payable and Accrued Expenses (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Accounts Payable and Accrued Liabilities [Line Items]
Accounts payable	$ 218,941	$ 154,378
Payroll and benefits	37,120	40,155
Interest and taxes	10,154	22,190
Health insurance, workers' compensation and other insurance costs	8,192	8,164
Marketing expenses	6,924	7,568
Other accrued liabilities	7,587	6,358
Total	$ 288,918	$ 238,813

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Carrying Value and Fair Value of Financial Instruments (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative assets	$ 177	$ 8
Carrying Value | Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Revolving credit facility	(309,000)	(535,000)
Carrying Value | Fair Value, Inputs, Level 2 | Term Loan
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Term loan	(300,000)
Carrying Value | Fair Value, Inputs, Level 2 | Two Thousand Eighteen
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior notes		(400,000)
Carrying Value | Fair Value, Inputs, Level 2 | Two Thousand Twenty Two
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior notes	(400,000)
Carrying Value | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments	9,386	8,680
Carrying Value | Fair Value, Measurements, Recurring | Commodity contracts | Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative assets	177	8
Carrying Value | Fair Value, Measurements, Recurring | Foreign currency contract | Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative assets	28,102
Fair Value | Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Revolving credit facility	(335,010)	(532,226)
Fair Value | Fair Value, Inputs, Level 2 | Term Loan
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Term loan	(336,123)
Fair Value | Fair Value, Inputs, Level 2 | Two Thousand Eighteen
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior notes		(435,520)
Fair Value | Fair Value, Inputs, Level 2 | Two Thousand Twenty Two
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior notes	(411,000)
Fair Value | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments	9,386	8,680
Fair Value | Fair Value, Measurements, Recurring | Commodity contracts | Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative assets	177	8
Fair Value | Fair Value, Measurements, Recurring | Foreign currency contract | Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative assets	$ 28,102

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Long-Term Debt (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2014 Revolving Credit Facility	Dec. 31, 2013 Revolving Credit Facility	Jun. 30, 2014 Term Loan	May 06, 2014 Term Loan	Dec. 31, 2013 Two Thousand Eighteen	Jun. 30, 2014 Two Thousand Twenty Two
Debt Instrument [Line Items]
Revolving credit facility			$ 309,000	$ 535,000
Term Loan					300,000	300,000
Senior notes							400,000	400,000
Tax increment financing and other debt	11,515	5,496
Total debt outstanding	1,020,515	940,496
Less current portion	(3,939)	(1,551)
Total long-term debt	1,016,576	938,945
Total debt outstanding	$ 1,020,515	$ 940,496

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Estimated Amortization Expense on Intangible Assets (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014
Finite-Lived Intangible Assets [Line Items]
2014	$ 43,802
2015	43,390
2016	42,577
2017	41,850
2018	$ 36,494

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Condensed Supplemental Consolidating Statement of Comprehensive Income (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended				6 Months Ended
	Jun. 30, 2014		Jun. 30, 2013		Jun. 30, 2014		Jun. 30, 2013
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	$ 21,759		$ 18,565		$ 36,081		$ 41,539
Other comprehensive income (loss):
Foreign currency translation adjustments	10,906		(11,609)		(1,001)		(19,467)
Pension and post-retirement reclassification adjustment, net of tax	103	[1]	349	[1]	206	[1]	759	[1]
Derivative reclassification adjustment, net of tax			41	[2]			81	[2]
Other comprehensive income (loss)	11,009		(11,219)		(795)		(18,627)
Comprehensive income (loss)	32,768		7,346		35,286		22,912
Eliminations
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	(42,110)		(27,500)		(82,322)		(66,896)
Other comprehensive income (loss):
Equity in other comprehensive (loss) income of subsidiaries	(17,147)		18,041		1,358		30,060
Comprehensive income (loss)	(59,257)		(9,459)		(80,964)		(36,836)
Parent Company
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	21,759		18,565		36,081		41,539
Other comprehensive income (loss):
Derivative reclassification adjustment, net of tax			41				81
Other comprehensive income (loss)			41				81
Equity in other comprehensive (loss) income of subsidiaries	11,009		(11,260)		(795)		(18,708)
Comprehensive income (loss)	32,768		7,346		35,286		22,912
Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	41,906		26,373		81,881		64,128
Other comprehensive income (loss):
Foreign currency translation adjustments	4,768		(4,828)		(438)		(8,115)
Pension and post-retirement reclassification adjustment, net of tax	103		349		206		759
Other comprehensive income (loss)	4,871		(4,479)		(232)		(7,356)
Equity in other comprehensive (loss) income of subsidiaries	6,138		(6,781)		(563)		(11,352)
Comprehensive income (loss)	52,915		15,113		81,086		45,420
Non-Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	204		1,127		441		2,768
Other comprehensive income (loss):
Foreign currency translation adjustments	6,138		(6,781)		(563)		(11,352)
Other comprehensive income (loss)	6,138		(6,781)		(563)		(11,352)
Comprehensive income (loss)	$ 6,342		$ (5,654)		$ (122)		$ (8,584)

[1] Net of tax of $65 and $217 for the three months ended June 30, 2014 and 2013, respectively, and $129 and $435 for the six months ended June 30, 2014 and 2013, respectively.

[2] Net of tax of $25 for the three months ended June 30, 2013 and $51 for the six months ended June 30, 2013.

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Inventories (Tables)

6 Months Ended

Jun. 30, 2014

Inventories

	June 30, 2014			December 31, 2013
	(In thousands)
Raw materials and supplies	$	189,281		$	162,751
Finished goods		331,236			264,829
LIFO reserve		(21,584	)		(21,882	)
Total	$	498,933		$	405,698

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Acquisitions - Additional Information (Detail)	6 Months Ended						0 Months Ended	3 Months Ended	0 Months Ended			6 Months Ended				0 Months Ended		0 Months Ended
	Jun. 30, 2014 USD ($)	Dec. 31, 2013 USD ($)	Jun. 30, 2014 North American Retail Grocery USD ($)	Dec. 31, 2013 North American Retail Grocery USD ($)	Jun. 30, 2014 Industrial and Export USD ($)	Dec. 31, 2013 Industrial and Export USD ($)	Oct. 08, 2013 Associated Brands CAD	Mar. 31, 2014 Associated Brands CAD	Jul. 01, 2013 Cains Foods, L.P USD ($)	May 30, 2014 Protenergy USD ($)	May 30, 2014 Protenergy CAD	Jun. 30, 2014 Protenergy USD ($)	May 30, 2014 Protenergy USD ($)	May 30, 2014 Protenergy North American Retail Grocery USD ($)	May 30, 2014 Protenergy Industrial and Export USD ($)	May 30, 2014 Protenergy Customer relationships	May 30, 2014 Protenergy Customer relationships USD ($)	May 30, 2014 Protenergy Formulas	May 30, 2014 Protenergy Formulas USD ($)
Business Acquisition [Line Items]
Business acquisition, cost of acquired entity, purchase price, net of cash	$ 140,835,000						191,000,000		$ 35,000,000		170,000,000
Net sales												10,700,000
Net loss												(3,000,000)
Integration costs												4,400,000
Intangible asset																	49,516,000		433,000
Finite-lived intangible assets, useful life																15 years		5 years
Goodwill	1,163,964,000	1,119,204,000	918,165,000	884,768,000	150,326,000	138,864,000							45,916,000	34,400,000	11,500,000
Business acquisition related costs										2,700,000
Reduction in goodwill due to working capital adjustment								(1,400,000)

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Accumulated Other Comprehensive Loss

6 Months Ended

Jun. 30, 2014

Accumulated Other Comprehensive Loss

14. Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss consists of the following components, all of which are net of tax, except for the foreign currency translation adjustment:

	Foreign Currency Translation (1)			Unrecognized Pension and Postretirement Benefits (2)			Derivative Financial Instrument (3)		Accumulated Other Comprehensive Loss
	(In thousands)
Balance at December 31, 2013	$	(24,689	)	$	(7,074	)	$	—	$	(31,763	)
Other comprehensive loss		(1,001	)		—			—		(1,001	)
Reclassifications from accumulated other comprehensive loss		—			206			—		206
Other comprehensive (loss) income		(1,001	)		206			—		(795	)
Balance at June 30, 2014	$	(25,690	)	$	(6,868	)	$	—	$	(32,558	)

	Foreign Currency Translation (1)			Unrecognized Pension and Postretirement Benefits (2)			Derivative Financial Instrument (3)			Accumulated Other Comprehensive Loss
	(In thousands)
Balance at December 31, 2012	$	(2,007	)	$	(14,525	)	$	(108	)	$	(16,640	)
Other comprehensive loss		(19,467	)		—			—			(19,467	)
Reclassifications from accumulated other comprehensive loss		—			759			81			840
Other comprehensive (loss) income		(19,467	)		759			81			(18,627	)
Balance at June 30, 2013	$	(21,474	)	$	(13,766	)	$	(27	)	$	(35,267	)

(1) The foreign currency translation adjustment is not net of tax, as it pertains to the Company’s permanent investment in its Canadian subsidiaries.

(2) The unrecognized pension and post-retirement benefits reclassification is presented net of tax of $129 and $435 for the six months ended June 30, 2014 and 2013, respectively. The reclassification is included in the computation of net periodic pension cost, which is recorded in the Cost of sales and General and administrative lines of the Condensed Consolidated Statements of Income.

(3) The derivative financial instrument reclassification is presented net of tax of $51 for the six months ended June 30, 2013.

The Condensed Consolidated Statements of Income lines impacted by reclassifications out of Accumulated Other Comprehensive Loss are outlined below:

	Reclassifications from Accumulated Other Comprehensive Loss									Affected line in The Condensed Consolidated Statements of Income
	Three months ended June 30,				Six months ended June 30,
	2014		2013		2014		2013
	(In thousands)				(In thousands)
Derivative financial instrument	$	—	$	66	$	—	$	132		Interest expense
Income taxes		—		25		—		51		Income taxes
Net of tax	$	—	$	41	$	—	$	81
Amortization of defined benefit pension items:
Prior service costs	$	37	$	96	$	73	$	193	(a)
Unrecognized net loss		131		470		262		940	(a)
Other		—		—		—		61
Total before tax		168		566		335		1,194
Income taxes		65		217		129		435		Income taxes
Net of tax	$	103	$	349	$	206	$	759

(a) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See Note 15 for additional details.

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Derivative Instruments

6 Months Ended

Jun. 30, 2014

Derivative Instruments

19. Derivative Instruments

The Company is exposed to certain risks relating to its ongoing business operations. The primary risks managed by derivative instruments include interest rate risk, foreign currency risk and commodity price risk. Derivative contracts are entered into for periods consistent with the related underlying exposure and do not constitute positions independent of those exposures. The Company does not enter into derivative instruments for trading or speculative purposes.

The Company manages its exposure to changes in interest rates by optimizing the use of variable-rate and fixed-rate debt and by utilizing interest rate swaps to hedge our exposure to changes in interest rates, to reduce the volatility of our financing costs, and to achieve a desired proportion of fixed versus floating-rate debt, based on current and projected market conditions, with a bias toward fixed-rate debt.

Due to the Company’s operations in Canada, we are exposed to foreign currency risk. The Company enters into foreign currency contracts to manage the risk associated with foreign currency cash flows. The Company’s objective in using foreign currency contracts is to establish a fixed foreign currency exchange rate for the net cash flow requirements for purchases that are denominated in U.S. dollars. These contracts do not qualify for hedge accounting and changes in their fair value are recorded in the Condensed Consolidated Statements of Income, with their fair value recorded on the Condensed Consolidated Balance Sheets. As of June 30, 2014, our Canadian subsidiaries had $27.9 million of US dollar foreign currency contracts outstanding. As of June 30, 2013, the Company did not have any foreign currency contracts outstanding.

Certain commodities we use in the production and distribution of our products are exposed to market price risk. The Company utilizes derivative contracts to manage this risk. The majority of commodity forward contracts are not derivatives, and those that are, generally qualify for the normal purchases and normal sales scope exception under the guidance for derivative instruments and hedging activities, and therefore are not subject to its provisions. For derivative commodity contracts that do not qualify for the normal purchases and normal sales scope exception, the Company records their fair value on the Company’s Condensed Consolidated Balance Sheets, with changes in value being recorded in the Condensed Consolidated Statements of Income.

The Company’s derivative commodity contracts may include contracts for diesel, oil, plastics, natural gas, electricity, and other commodity contracts that do not meet the requirements for the normal purchases and normal sales scope exception.

Diesel contracts are used to manage the Company’s risk associated with the underlying cost of diesel fuel used to deliver products. Contracts for oil and plastics are used to manage the Company’s risk associated with the underlying commodity cost of a significant component used in packaging materials. Contracts for natural gas and electricity are used to manage the Company’s risk associated with the utility costs of its manufacturing facilities, and commodity contracts that are derivatives that do not meet the normal purchases and normal sales scope exception are used to manage the price risk associated with raw material costs. As of June 30, 2014, the Company had outstanding contracts for the purchase of 24,406 megawatts of electricity, expiring throughout 2014.

The following table identifies the derivative, its fair value, and location on the Condensed Consolidated Balance Sheet:

	Balance Sheet Location	Fair Value
		June 30, 2014		December 31, 2013
		(In thousands)
Asset Derivative:
Commodity contracts	Prepaid expenses and other current assets	$	177	$	8
		$	177	$	8
Liability Derivative:
Foreign currency contracts	Accounts payable and accrued expenses	$	28,102	$	—
		$	28,102	$	—

We recorded the following gains and losses on our derivative contracts in the Condensed Consolidated Statements of Income:

	Location of (Loss) Gain Recognized in Income	Three Months Ended June 30,						Six Months Ended June 30,
		2014			2013			2014			2013
		(In thousands)						(In thousands)
Mark to market unrealized (loss) gain:
Commodity contracts	Other (income) expense, net	$	(53	)	$	(274	)	$	(169	)	$	499
Foreign currency contracts	Gain on foreign currency exchange		(194	)		—			(194	)		—
Total unrealized (loss) gain			(247	)		(274	)		(363	)		499
Realized (loss) gain
Commodity contracts	Selling and distribution		—			(163	)		—			(129	)
Total realized (loss) gain			—			(163	)		—			(129	)
Total (loss) gain		$	(247	)	$	(437	)	$	(363	)	$	370

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Restructuring - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014
Soup restructuring
Restructuring Cost and Reserve [Line Items]
Plant closure expected costs	$ 27,995
Salad dressing plant in Seaforth, Ontario, Canada
Restructuring Cost and Reserve [Line Items]
Plant closure expected costs	13,224
Expected payment in cash | Soup restructuring
Restructuring Cost and Reserve [Line Items]
Plant closure expected costs	5,400
Expected payment in cash | Salad dressing plant in Seaforth, Ontario, Canada
Restructuring Cost and Reserve [Line Items]
Plant closure expected costs	$ 6,200

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Accumulated Other Comprehensive Loss (Tables)

6 Months Ended

Jun. 30, 2014

Components of Accumulated Other Comprehensive Loss Net of Tax Except for Foreign Currency Translation Adjustment

Accumulated Other Comprehensive Loss consists of the following components, all of which are net of tax, except for the foreign currency translation adjustment:

	Foreign Currency Translation (1)			Unrecognized Pension and Postretirement Benefits (2)			Derivative Financial Instrument (3)		Accumulated Other Comprehensive Loss
	(In thousands)
Balance at December 31, 2013	$	(24,689	)	$	(7,074	)	$	—	$	(31,763	)
Other comprehensive loss		(1,001	)		—			—		(1,001	)
Reclassifications from accumulated other comprehensive loss		—			206			—		206
Other comprehensive (loss) income		(1,001	)		206			—		(795	)
Balance at June 30, 2014	$	(25,690	)	$	(6,868	)	$	—	$	(32,558	)

	Foreign Currency Translation (1)			Unrecognized Pension and Postretirement Benefits (2)			Derivative Financial Instrument (3)			Accumulated Other Comprehensive Loss
	(In thousands)
Balance at December 31, 2012	$	(2,007	)	$	(14,525	)	$	(108	)	$	(16,640	)
Other comprehensive loss		(19,467	)		—			—			(19,467	)
Reclassifications from accumulated other comprehensive loss		—			759			81			840
Other comprehensive (loss) income		(19,467	)		759			81			(18,627	)
Balance at June 30, 2013	$	(21,474	)	$	(13,766	)	$	(27	)	$	(35,267	)

(1) The foreign currency translation adjustment is not net of tax, as it pertains to the Company’s permanent investment in its Canadian subsidiaries.

(2) The unrecognized pension and post-retirement benefits reclassification is presented net of tax of $129 and $435 for the six months ended June 30, 2014 and 2013, respectively. The reclassification is included in the computation of net periodic pension cost, which is recorded in the Cost of sales and General and administrative lines of the Condensed Consolidated Statements of Income.

(3) The derivative financial instrument reclassification is presented net of tax of $51 for the six months ended June 30, 2013.

Reclassifications from Accumulated Other Comprehensive Income

The Condensed Consolidated Statements of Income lines impacted by reclassifications out of Accumulated Other Comprehensive Loss are outlined below:

	Reclassifications from Accumulated Other Comprehensive Loss									Affected line in The Condensed Consolidated Statements of Income
	Three months ended June 30,				Six months ended June 30,
	2014		2013		2014		2013
	(In thousands)				(In thousands)
Derivative financial instrument	$	—	$	66	$	—	$	132		Interest expense
Income taxes		—		25		—		51		Income taxes
Net of tax	$	—	$	41	$	—	$	81
Amortization of defined benefit pension items:
Prior service costs	$	37	$	96	$	73	$	193	(a)
Unrecognized net loss		131		470		262		940	(a)
Other		—		—		—		61
Total before tax		168		566		335		1,194
Income taxes		65		217		129		435		Income taxes
Net of tax	$	103	$	349	$	206	$	759

(a) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See Note 15 for additional details.

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Condensed Consolidated Statements Of Comprehensive Income (USD $) In Thousands, unless otherwise specified	3 Months Ended				6 Months Ended
	Jun. 30, 2014		Jun. 30, 2013		Jun. 30, 2014		Jun. 30, 2013
Net income	$ 21,759		$ 18,565		$ 36,081		$ 41,539
Other comprehensive income (loss):
Foreign currency translation adjustments	10,906		(11,609)		(1,001)		(19,467)
Pension and post-retirement reclassification adjustment	103	[1]	349	[1]	206	[1]	759	[1]
Derivative reclassification adjustment			41	[2]			81	[2]
Other comprehensive income (loss)	11,009		(11,219)		(795)		(18,627)
Comprehensive income (loss)	$ 32,768		$ 7,346		$ 35,286		$ 22,912

[1] Net of tax of $65 and $217 for the three months ended June 30, 2014 and 2013, respectively, and $129 and $435 for the six months ended June 30, 2014 and 2013, respectively.

[2] Net of tax of $25 for the three months ended June 30, 2013 and $51 for the six months ended June 30, 2013.

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Net Sale by Major Products (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Segment Reporting Information [Line Items]
Net sales	$ 627,960	$ 526,346	$ 1,246,863	$ 1,066,456
Beverages
Segment Reporting Information [Line Items]
Net sales	117,562	71,419	241,882	140,114
Salad Dressings
Segment Reporting Information [Line Items]
Net sales	101,290	81,503	189,426	154,282
Beverage Enhancers
Segment Reporting Information [Line Items]
Net sales	82,694	79,963	171,003	171,137
Pickles
Segment Reporting Information [Line Items]
Net sales	87,926	85,466	156,775	156,376
Mexican and other sauces
Segment Reporting Information [Line Items]
Net sales	65,930	63,234	126,579	121,405
Soup and infant feeding
Segment Reporting Information [Line Items]
Net sales	51,316	36,926	108,513	92,004
Cereals
Segment Reporting Information [Line Items]
Net sales	35,392	33,981	80,293	81,770
Dry dinners
Segment Reporting Information [Line Items]
Net sales	32,240	28,586	67,317	57,780
Aseptic products
Segment Reporting Information [Line Items]
Net sales	25,708	23,753	47,595	47,682
Other products
Segment Reporting Information [Line Items]
Net sales	14,813	7,249	30,780	14,785
Jams
Segment Reporting Information [Line Items]
Net sales	$ 13,089	$ 14,266	$ 26,700	$ 29,121

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Restructuring

6 Months Ended

Jun. 30, 2014

Restructuring

3. Restructuring

Soup restructuring — In August of 2012, following a strategic review of the soup category, the Company announced a restructuring plan that included reductions to the cost structure of the Pittsburgh, Pennsylvania facility by reorganizing and simplifying the soup business there and the closure of its Mendota, Illinois soup plant. The restructuring is expected to reduce manufacturing costs by streamlining operations and transferring production from the Mendota plant to the Pittsburgh plant. Production at the Mendota facility was primarily related to the North American Retail Grocery segment and ended as of December 31, 2012, with full plant closure in the second quarter of 2013. Total costs of the restructuring are expected to be approximately $28.0 million as detailed below, of which $5.4 million is expected to be in cash. Expenses associated with the restructuring plan are primarily aggregated in the Other operating expense, net line of the Condensed Consolidated Statements of Income, with the exception of accelerated depreciation, which is recorded in Cost of sales.

Below is a summary of the restructuring costs:

	Soup Restructuring
	Three Months Ended June 30, 2014		Six Months Ended June 30, 2014		Cumulative Costs To Date		Total Expected Costs
	(In thousands)
Accelerated depreciation	$	—	$	—	$	22,590	$	22,590
Severance and outplacement		—		—		769		769
Other closure costs		353		1,153		2,824		4,636
Total	$	353	$	1,153	$	26,183	$	27,995

	Soup Restructuring
	Three Months Ended June 30, 2013			Six Months Ended June 30, 2013			Cumulative Costs To Date
	(In thousands)
Accelerated depreciation	$	5,833		$	9,981		$	16,684
Severance and outplacement		(44	)		(12	)		745
Other closure costs		(536	)		218			798
Total	$	5,253		$	10,187		$	18,227

Seaforth, Ontario, Canada — On August 7, 2012, the Company announced the closure of its salad dressing plant in Seaforth, Ontario, Canada, and the transfer of production to facilities where the Company has lower production costs. Production at the Seaforth, Ontario facility was primarily related to the North American Retail Grocery segment and ended in the fourth quarter of 2013, with full plant closure occurring in the first quarter of 2014. Total costs to close the Seaforth facility are expected to be approximately $13.2 million as detailed below, of which $6.2 million is in cash. Expenses incurred associated with the facility closure are primarily aggregated in the Other operating expense, net line of the Condensed Consolidated Statements of Income. Certain costs, primarily accelerated depreciation, are recorded in Cost of sales. This restructuring is substantially complete.

Below is a summary of the restructuring costs:

	Seaforth Closure
	Three Months Ended June 30, 2014		Six Months Ended June 30, 2014		Cumulative Costs To Date		Total Expected Costs
	(In thousands)
Accelerated depreciation	$	—	$	—	$	6,582	$	6,582
Severance and outplacement		—		5		2,889		2,889
Other closure costs		8		11		3,739		3,753
Total	$	8	$	16	$	13,210	$	13,224

	Seaforth Closure
	Three Months Ended June 30, 2013		Six Months Ended June 30, 2013		Cumulative Costs To Date
	(In thousands)
Accelerated depreciation	$	1,356	$	2,716	$	6,724
Severance and outplacement		200		496		2,745
Other closure costs		874		1,347		1,825
Total	$	2,430	$	4,559	$	11,294

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Property, Plant and Equipment (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Property, Plant and Equipment [Line Items]
Land	$ 26,123	$ 26,492
Buildings and improvements	197,883	194,439
Machinery and equipment	584,334	536,256
Construction in progress	40,348	43,146
Total	848,688	800,333
Less accumulated depreciation	(352,017)	(338,058)
Property, plant and equipment, net	$ 496,671	$ 462,275

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Derivative Instruments - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	6 Months Ended
	Jun. 30, 2014 Electricity Contract MW	Jun. 30, 2014 Foreign currency contract	Jun. 30, 2013 Foreign currency contract
Derivative [Line Items]
Derivative notional amount		$ 27.9	$ 0
Notional amount outstanding	24,406
Derivative, expiration period	Throughout 2014

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Summary of Effect of Share-Based Compensation Awards on Weighted Average Number of Shares Outstanding Used in Calculating Diluted Earnings Per Share (Parenthetical) (Detail) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Schedule of Weighted Average Number of Diluted Shares Outstanding [Line Items]
Equity awards, excluded from computation of diluted earnings	0.4	0.7	0.4	0.7

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Fair Value

6 Months Ended

Jun. 30, 2014

Fair Value

20. Fair Value

The following table presents the carrying value and fair value of our financial instruments as of June 30, 2014 and December 31, 2013:

	June 30, 2014						December 31, 2013
	Carrying Value			Fair Value			Carrying Value			Fair Value			Level
	(In thousands)						(In thousands)
Not recorded at fair value (liability):
Revolving credit facility	$	(309,000	)	$	(335,010	)	$	(535,000	)	$	(532,226	)		2
Term loan	$	(300,000	)	$	(336,123	)	$	—		$	—			2
2018 Notes	$	—		$	—		$	(400,000	)	$	(435,520	)		2
2022 Notes	$	(400,000	)	$	(411,000	)	$	—		$	—			2
Recorded on a recurring basis at fair value (liability) asset:
Commodity contracts	$	177		$	177		$	8		$	8			2
Foreign currency contracts	$	28,102		$	28,102		$	—		$	—			2
Investments	$	9,386		$	9,386		$	8,680		$	8,680			1

Cash and cash equivalents and accounts receivable are financial assets with carrying values that approximate fair value. Accounts payable are financial liabilities with carrying values that approximate fair value.

The fair value of the Revolving Credit Facility, Term Loan, 2022 Notes, foreign exchange contracts and commodity contracts are determined using Level 2 inputs. Level 2 inputs are inputs other than quoted market prices that are observable for an asset or liability, either directly or indirectly. The fair values of the Revolving Credit Facility and Term Loan were estimated using present value techniques and market based interest rates and credit spreads. The fair value of the Company’s 2022 Notes was estimated based on quoted market prices for similar instruments, where the inputs are considered Level 2, due to their infrequent trading volume.

The fair value of the commodity contracts are based on an analysis comparing the contract rates to the market rates at the balance sheet date. The commodity contracts are recorded at fair value on the Condensed Consolidated Balance Sheets.

The fair value of the Company’s foreign exchange contracts was estimated by comparing the foreign exchange rates of the Company’s contracts to the spot rate as of June 30, 2014, which is considered a Level 2 input.

The fair value of the investments is determined using Level 1 inputs. Level 1 inputs are quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement dates. The investments are recorded at fair value on the Condensed Consolidated Balance Sheets.

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Components of Accumulated Other Comprehensive Loss Net of Tax Except for Foreign Currency Translation Adjustment (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended				6 Months Ended
	Jun. 30, 2014		Jun. 30, 2013		Jun. 30, 2014		Jun. 30, 2013
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance					$ (31,763)		$ (16,640)
Other comprehensive loss					(1,001)		(19,467)
Reclassifications from accumulated other comprehensive loss					206		840
Other comprehensive income (loss)	11,009		(11,219)		(795)		(18,627)
Ending Balance	(32,558)		(35,267)		(32,558)		(35,267)
Foreign Currency Translation
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance					(24,689)	[1]	(2,007)	[1]
Other comprehensive loss					(1,001)	[1]	(19,467)	[1]
Other comprehensive income (loss)					(1,001)	[1]	(19,467)	[1]
Ending Balance	(25,690)	[1]	(21,474)	[1]	(25,690)	[1]	(21,474)	[1]
Unrecognized Pension and Postretirement Benefits
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance					(7,074)	[2]	(14,525)	[2]
Reclassifications from accumulated other comprehensive loss					206	[2]	759	[2]
Other comprehensive income (loss)					206	[2]	759	[2]
Ending Balance	(6,868)	[2]	(13,766)	[2]	(6,868)	[2]	(13,766)	[2]
Derivative Financial Instrument
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance							(108)	[3]
Reclassifications from accumulated other comprehensive loss							81	[3]
Other comprehensive income (loss)							81	[3]
Ending Balance			$ (27)	[3]			$ (27)	[3]

[1] The foreign currency translation adjustment is not net of tax, as it pertains to the Company's permanent investment in its Canadian subsidiaries.

[2] The unrecognized pension and post-retirement benefits reclassification is presented net of tax of $129 and $435 for the six months ended June 30, 2014 and 2013, respectively. The reclassification is included in the computation of net periodic pension cost, which is recorded in the Cost of sales and General and administrative lines of the Condensed Consolidated Statements of Income.

[3] The derivative financial instrument reclassification is presented net of tax of $51 for the six months ended June 30, 2013.

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Long-Term Debt (Tables)

6 Months Ended

Jun. 30, 2014

Long-Term Debt

	June 30, 2014			December 31, 2013
	(In thousands)
Revolving credit facility	$	309,000		$	535,000
Term Loan		300,000			—
2018 Notes		—			400,000
2022 Notes		400,000			—
Tax increment financing and other debt		11,515			5,496
Total debt outstanding		1,020,515			940,496
Less current portion		(3,939	)		(1,551	)
Total long-term debt	$	1,016,576		$	938,945

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Stock-Based Compensation

6 Months Ended

Jun. 30, 2014

Stock-Based Compensation

13. Stock-Based Compensation

Income before income taxes for the three and six month periods ended June 30, 2014 includes share-based compensation expense of $5.5 million and $9.7 million, respectively. Share-based compensation expense for the three and six month periods ended June 30, 2013 was $3.7 million and $7.1 million, respectively. The tax benefit recognized related to the compensation cost of these share-based awards was approximately $1.9 million and $3.4 million for the three and six months ended June 30, 2014, respectively, and $1.3 million and $2.6 million for the three and six month periods ended June 30, 2013, respectively.

The following table summarizes stock option activity during the six months ended June 30, 2014. Stock options are granted under our long-term incentive plan, and generally have a three year vesting schedule, which vest one-third on each of the first three anniversaries of the grant date. Stock options expire ten years from the grant date.

	Employee Options			Director Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (yrs)		Aggregate Intrinsic Value
	(In thousands)									(In thousands)
Outstanding, December 31, 2013		2,570			64	$	36.71		4.1	$	84,840
Granted		304			—	$	79.69
Forfeited		(3	)		—	$	64.42
Exercised		(487	)		—	$	28.69
Outstanding, June 30, 2014		2,384			64	$	43.62		4.8	$	89,262
Vested/expected to vest, at June 30, 2014		2,269			64	$	42.07		4.6	$	88,666
Exercisable, June 30, 2014		1,797			64	$	34.58		3.4	$	84,654

Compensation costs related to unvested options totaled $10.0 million at June 30, 2014 and will be recognized over the remaining vesting period of the grants, which averages 2.3 years. The Company uses the Black-Scholes option pricing model to value its stock option awards. The assumptions used to calculate the fair value of stock options issued in 2014 include the following: expected volatility of 25.18%, expected term of six years, risk free rate of 2.03% and no dividends. The weighted average grant date fair value of awards granted in the six months ended June 30, 2014 was $23.14. The aggregate intrinsic value of stock options exercised during the six months ended June 30, 2014 and 2013 was approximately $21.6 million and $1.3 million, respectively. The tax benefit recognized from stock option exercises was $8.2 million and $0.5 million for the six months ended June 30, 2014 and 2013, respectively.

In addition to stock options, the Company may also grant restricted stock, restricted stock units and performance unit awards. These awards are granted under our long-term incentive plan. Employee restricted stock and restricted stock unit awards generally vest based on the passage of time. These awards generally vest one-third on each anniversary of the grant date. Director restricted stock units generally vest on the first anniversary of the grant date. Certain directors have deferred receipt of their awards until their departure from the Board of Directors, or a specified date. The following table summarizes the restricted stock unit activity during the six months ended June 30, 2014:

	Employee Restricted Stock Units			Weighted Average Grant Date Fair Value		Director Restricted Stock Units			Weighted Average Grant Date Fair Value
	(In thousands)					(In thousands)
Outstanding, at December 31, 2013		317		$	58.98		93		$	44.06
Granted		151		$	78.30		14		$	79.89
Vested		(137	)	$	52.58		(4	)	$	28.47
Forfeited		(4	)	$	62.92		—		$	—
Outstanding, at June 30, 2014		327		$	70.30		103		$	49.64

Future compensation costs related to restricted stock units are approximately $17.2 million as of June 30, 2014, and will be recognized on a weighted average basis, over the next 2.1 years. The grant date fair value of the awards granted in 2014 is equal to the Company’s closing stock price on the grant date. The fair value of vested restricted stock units was $11.2 million for the six months ended June 30, 2014 and $9.3 million for the six months ended June 30, 2013.

Performance unit awards are granted to certain members of management. These awards contain service and performance conditions. For each of the three performance periods, one third of the units will accrue, multiplied by a predefined percentage between 0% and 200%, depending on the achievement of certain operating performance measures. Additionally, for the cumulative performance period, a number of units will accrue, equal to the number of units granted, multiplied by a predefined percentage between 0% and 200%, depending on the achievement of certain operating performance measures, less any units previously accrued. Accrued units will be converted to stock or cash, at the discretion of the compensation committee, generally, on the third anniversary of the grant date. The Company intends to settle these awards in stock and has the shares available to do so. On June 27, 2014, based on achievement of operating performance measures, 34,311 performance units were converted into 5,541 shares of stock, an average conversion ratio of 0.16 shares for each performance unit.

The following table summarizes the performance unit activity during the six months ended June 30, 2014:

	Performance Units			Weighted Average Grant Date Fair Value
	(In thousands)
Unvested, at December 31, 2013		216		$	62.03
Granted		88		$	79.89
Vested		(5	)	$	54.90
Forfeited		(29	)	$	55.06
Unvested, at June 30, 2014		270		$	68.77

Future compensation costs related to the performance units are estimated to be approximately $16.7 million as of June 30, 2014, and are expected to be recognized over the next 2.3 years. The grant fair value of the awards is equal to the Company’s closing stock price on the date of grant.