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Business Acquisitions Business Acquisition (Tables)
12 Months Ended
Dec. 29, 2012
Jan. 01, 2011
Business Combinations [Abstract]    
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
The following table summarizes the preliminary allocation of assets acquired and liabilities assumed as part of the acquisition:
(in thousands)
 
Purchase Price Allocation
Cash and cash equivalents
 
$
1,184

Accounts receivable
 
9,803

Inventories
 
9,374

Prepaid expenses and other current assets
 
217

Fixed assets
 
28

Goodwill
 
171,334

Other intangible assets
 
163,200

Total assets acquired
 
$
355,140

 
 
 
Accounts payable
 
$
5,188

Other current liabilities
 
1,882

Deferred income tax liability
 
4,686

Total liabilities assumed
 
$
11,756

 
 
 
Net assets acquired
 
$
343,384

 
Business Acquisition, Pro Forma Information [Table Text Block]
The following unaudited pro forma consolidated financial information has been prepared as if the acquisition of Snack Factory had taken place at the beginning of 2011. The unaudited pro forma results include estimates and assumptions regarding increased amortization of intangible assets related to the acquisition, increased interest expense related to debt acquired in order to fund the acquisition and the related tax effects. Pro forma results are not necessarily indicative of the results that would have occurred if the acquisition had occurred on the date indicated, or that may result in the future for various reasons including the potential impact of revenue and cost synergies on the business.
(in thousands, except per share data)
 
2012
 
2011
Net revenue
 
$
1,701,955

 
$
1,705,163

Income before interest and income taxes
 
117,757

 
72,593

Net income attributable to Snyder's-Lance, Inc.
 
61,481

 
35,476

Weighted average diluted shares
 
69,215

 
68,478

Diluted earnings per share
 
$
0.89

 
$
0.52

The following unaudited pro forma consolidated financial information has been prepared as if the Merger between Lance and Snyder’s had taken place at the beginning of 2010. The unaudited pro forma results include estimates and assumptions regarding increased amortization of intangible assets related to the Merger, increased interest expense related to cash paid for Merger-related expenses and the related tax effects. However, pro forma results are not necessarily indicative of the results that would have occurred if the Merger had occurred on the date indicated, or that may result in the future for various reasons including the potential impact of revenue and cost synergies on the business. Proforma results for the year ended January 1, 2011 were as follows:
(in thousands, except per share data)
 
2010
Net revenue
 
$
1,585,208

Income before interest and income taxes
 
87,574

Net income attributable to Snyder's-Lance, Inc.
 
49,409

Weighted average diluted shares
 
65,863

Diluted earnings per share
 
$
0.75