Business Acquisitions (Tables)

12 Months Ended

Jan. 02, 2016

Although our ownership interest is only 80%, we were required to value 100% of the assets and liabilities. Accordingly, the purchase price allocation below shows the value of the assets and liabilities acquired at 100%, with an adjustment for the noncontrolling interest (20.0%) and the value of our prior equity interest (18.7%) in order to reconcile to the purchase price.



(in thousands)	Purchase Price Allocation
Cash and cash equivalents	$	698
Restricted Cash	1,200
Accounts receivable	1,719
Inventories	1,596
Prepaid expenses and other current assets	104
Fixed assets	127
Goodwill	56,604
Other intangible assets	41,100
Other non-current assets	295
Total assets acquired	$	103,443

Accounts payable	2,097
Other non-current liabilities	475
Total liabilities assumed	$	2,572

Net assets acquired at 100.0%	$	100,871

Less: Noncontrolling interest	19,405
Less: Value of prior equity investment	18,101

Net assets acquired	$	63,365

Gain On The Revaluation Of Prior Equity Investment

Because of our purchase of a controlling interest in Late July, the equity of the entire entity was increased to fair value, which resulted in a $16.6 million increase in value of our prior investment. This $16.6 million, which represents the difference in the book value of our 18.7% equity investment in Late July at the transaction date compared to the fair value of that equity interest, was recognized as a gain in our Consolidated Statements of Income. The calculation of this gain is as follows:



(in thousands)	Gain Calculation
Fair value of 18.7% ownership in Late July	$	18,101
Balance of prior equity investment in Late July	1,493
Gain on the revaluation of prior equity investment	$	16,608

Baptista's Bakery, Inc. [Member]

Business Acquisition [Line Items]

Schedule of Purchase Price Allocation

The following table summarizes the purchase price allocation among the assets acquired and liabilities assumed:



(in thousands)	Purchase Price Allocation
Cash and cash equivalents	$	2,028
Accounts receivable	5,717
Inventories	9,222
Prepaid expenses and other current assets	318
Fixed assets	103,141
Goodwill	88,320
Other intangible assets	3,900
Total assets acquired	$	212,646

Current portion of long-term debt	$	333
Accounts payable	7,517
Accrued compensation	1,227
Other payables and accrued liabilities	1,217
Long-term debt	667
Total liabilities assumed	$	10,961

Net assets acquired	$	201,685