Commitments and Contingencies (Tables)

9 Months Ended

Oct. 01, 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:

	Third Quarter				First Three Quarters
(in thousands)	2017		2016		2017		2016
Purchases from SAC	$	37,267	$	39,831	$	111,408	$	115,563
Purchases from Southeastern		29,344		20,530		80,301		57,839
Total purchases from manufacturing cooperatives	$	66,611	$	60,361	$	191,709	$	173,402

Summary of Guaranteed Debt and Maximum Exposure under Guarantees

The amounts guaranteed were as follows:

(in thousands)	October 1, 2017		January 1, 2017
Guaranteed portion of debt - SAC	$	23,938	$	23,297
Guaranteed portion of debt - Southeastern		8,551		9,277
Total guaranteed portion of debt - manufacturing cooperatives	$	32,489	$	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:

	October 1, 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.