Commitments and Contingencies (Tables)

9 Months Ended

Oct. 02, 2016

Commitments And Contingencies Disclosure [Abstract]

Summary of Purchases from Manufacturing Cooperatives

The Company has an equity ownership in each of the entities. Following is a summary of purchases from these manufacturing cooperatives:

	Third Quarter				First Three Quarters
(in thousands)	2016		2015		2016		2015
Purchases from SAC	$	39,831	$	38,501	$	115,563	$	107,165
Purchases from Southeastern		20,530		15,180		57,839		47,596
Total purchases from manufacturing cooperatives	$	60,361	$	53,681	$	173,402	$	154,761

Summary of of Guaranteed Debt and Maximum Exposure under Guarantees

The amounts guaranteed were as follows:

(in thousands)	October 2, 2016		January 3, 2016		September 27, 2015
Guaranteed portion of debt - SAC	$	23,938	$	19,057	$	22,657
Guaranteed portion of debt - Southeastern		8,587		11,467		10,212
Total guaranteed portion of debt - manufacturing cooperatives	$	32,525	$	30,524	$	32,869

The table below summarizes the Company’s maximum exposure under these guarantees if these cooperatives had borrowed up to their aggregate borrowing capacity:

	October 2, 2016
(in thousands)	South Atlantic Canners, Inc.		Southeastern Container		Total Manufacturing Cooperatives
Maximum guaranteed debt	$	23,938	$	25,251	$	49,189
Equity investments*		4,102		18,228		22,330
Maximum total exposure, including equity investments	$	28,040	$	43,479	$	71,519

* NOTE:  Recorded in other assets on the Company’s consolidated balance sheets.