Discontinued Operations (Tables) - Bakery [Member]

12 Months Ended

Jan. 01, 2017

Discontinued Operations [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Schedule of income from discontinued operations [Table Text Block]

The following table presents the Bakery’s results of operations and the gain on disposal, which have been included in discontinued operations:

	Year Ended
	2015			2014
Revenues (a)	$	25,885		$	62,561
Cost of sales (b)	(7,543		)	(45,710		)
	18,342			16,851
General and administrative	(1,093		)	(2,525		)
Depreciation and amortization (c)	(2,297		)	(5,471		)
Other expense, net (d)	(19		)	(126		)
Income from discontinued operations before income taxes	14,933			8,729
Provision for income taxes	(4,439		)	(3,719		)
Income from discontinued operations, net of income taxes	10,494			5,010
Gain on disposal of discontinued operations before income taxes	25,529			—
Provision for income taxes on gain on disposal	(14,860		)	—
Gain on disposal of discontinued operations, net of income taxes	10,669			—
Net income from discontinued operations	$	21,163		$	5,010

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(a) Includes sales of sandwich buns and related products previously reported in “Sales” as well as rental income.

(b) 2015 includes employee separation-related costs of $791 as a result of the sale of the Bakery. In addition, 2015 includes a reduction to cost of sales of $12,486 resulting from the reversal of a liability recorded during 2013 associated with the Bakery’s withdrawal from a multiemployer pension plan. See Note 19 for further discussion.

(c) Included in “Depreciation and amortization” in our consolidated statements of cash flows for the periods presented.

(d) Includes net gains on sales of other assets.  During 2015 and 2014, the Bakery received cash proceeds of $50 and $52, respectively, resulting in net gains on sales of other assets of $32 and $69, respectively.

Discontinued Operations, Disposed of by Sale [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Schedule of income from discontinued operations [Table Text Block]

The following table summarizes the gain on the disposal of the Bakery, which has been included in discontinued operations:

	Year Ended
	2015
Proceeds from sale of the Bakery (a)	$	78,408
Net working capital (b)	(5,655		)
Net properties sold (c)	(30,664		)
Goodwill allocated to the sale of the Bakery	(12,067		)
Other (d)	(2,684		)
	27,338
Post-closing adjustments on the sale of the Bakery	(1,809		)
Gain on disposal of discontinued operations before income taxes	25,529
Provision for income taxes (e)	(14,860		)
Gain on disposal of discontinued operations, net of income taxes	$	10,669

_______________

(a) Represents net proceeds received, which includes the purchase price of $78,500 less transaction closing costs paid directly by the Buyer on the Company’s behalf.

(b) Primarily represents accounts receivable, inventory, prepaid expenses and accounts payable.

(c) Net properties sold consisted primarily of buildings, equipment and capital leases for transportation equipment.

(d) Primarily includes the recognition of the Company’s obligation, pursuant to the sale agreement, to provide health insurance benefits to the Bakery’s employees through December 31, 2015 of $1,993 and transaction closing costs paid directly by the Company.

(e) Includes the impact of non-deductible goodwill disposed of as a result of the sale.