Business Acquisitions

9 Months Ended

Sep. 28, 2013

Business Combinations [Abstract]

Business Acquisitions [Text Block]

BUSINESS ACQUISITIONS

2013 Acquisition

On July 29, 2013, we acquired substantially all the assets of a snack food distributor in Massachusetts. This acquisition was part of our plans to continue growing and strengthening our independent business owner ("IBO") distribution network.

2012 Acquisition

On October 11, 2012, we completed the acquisition of all of the issued and outstanding shares and membership interests of Snack Factory, LLC and certain affiliates ("Snack Factory") for $343.4 million. Transaction related costs of $0.5 million were recognized in selling, general and administrative expense on the Condensed Consolidated Statements of Income during the quarter ended September 29, 2012.

The following unaudited pro forma results for the quarter and nine months endedSeptember 29, 2012, 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.

	Quarter Ended September 29, 2012		Nine Months Ended September 29, 2012
(in thousands, except per share data)
Net revenue	$	435,346	$	1,278,264
Income before interest and income taxes	35,401		101,456
Net income attributable to Snyder's-Lance, Inc.	19,302		53,780
Weighted average diluted shares	69,526		69,190
Diluted earnings per share	$	0.28	$	0.78

Merger and Integration Activities

On December 6, 2010, Lance, Inc. and Snyder’s of Hanover, Inc. completed a merger (“Merger”) to create Snyder’s-Lance, Inc. In connection with this Merger, we converted our company owned distribution routes to an IBO distribution network.

During the quarter and nine months endedSeptember 29, 2012, we incurred $0.2 million and $1.9 million, respectively, in severance costs and professional fees related to the Merger and integration activities, which are included in selling, general and administrative expenses on the Condensed Consolidated Statements of Income. There were no such costs incurred during the quarter and nine months endedSeptember 28, 2013.