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Convertible Preferred Stock (Notes)
9 Months Ended
Oct. 01, 2022
Convertible Preferred Stock [Abstract]  
Convertible Preferred Stock CONVERTIBLE PREFERRED STOCKOn May 6, 2020 (the “Issuance Date”), pursuant to the terms of an Investment Agreement (the “Investment Agreement”) with KKR Fresh Aggregator L.P., a Delaware limited partnership, which agreement was joined on February 25, 2021 by permitted transferee KKR Fresh Holdings L.P., a Delaware limited partnership (“KKR”), the Company issued and sold 500,000 shares of the Company’s Series A Preferred Stock, par value $0.01 per share, to KKR Fresh Aggregator L.P. for an aggregate purchase price of $500 million, or $1,000 per share (the “Issuance”). The Company used the net proceeds from the Issuance for working capital and general corporate purposes. As of both October 1, 2022 and January 1, 2022, the Company had issued a total of 532,281 shares of Series A Preferred Stock. The Series A Preferred Stock had a carrying value of $534 million as of both October 1, 2022 and January 1, 2022. On September 30, 2022, June 30, 2022, and March 31, 2022, the Company paid cash dividends of $9 million each on the shares of the Series A Preferred Stock.