Commitments and Contingencies (Tables)

6 Months Ended

Jul. 02, 2017

Commitments And Contingencies Disclosure [Abstract]

Summary of Company's Purchases from Manufacturing Cooperatives

The following table summarizes the Company’s purchases from these manufacturing cooperatives:

	Second Quarter				First Half
(in thousands)	2017		2016		2017		2016
Purchases from SAC	$	40,507	$	42,510	$	74,141	$	75,732
Purchases from Southeastern		27,621		20,341		50,957		37,309
Total purchases from manufacturing cooperatives	$	68,128	$	62,851	$	125,098	$	113,041

Summary of Guaranteed Debt and Maximum Exposure under Guarantees

The amounts guaranteed were as follows:

(in thousands)	July 2, 2017		January 1, 2017
Guaranteed portion of debt - SAC	$	23,938	$	23,297
Guaranteed portion of debt - Southeastern		9,510		9,277
Total guaranteed portion of debt - manufacturing cooperatives	$	33,448	$	32,574

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

	July 2, 2017
(in thousands)	South Atlantic Canners, Inc.		Southeastern Container		Total Manufacturing Cooperatives
Maximum guaranteed debt	$	23,938	$	25,251	$	49,189
Equity investments(1)		7,327		17,768		25,095
Maximum total exposure, including equity investments	$	31,265	$	43,019	$	74,284

⁽¹⁾ Recorded in other assets on the Company’s consolidated condensed balance sheets.