XML 40 R25.htm IDEA: XBRL DOCUMENT v3.8.0.1
SEGMENT REPORTING
9 Months Ended
Sep. 30, 2017
Segment Reporting [Abstract]  
SEGMENT REPORTING
SEGMENT REPORTING
We are engaged in the manufacturing, distribution, marketing and sale of snack food products. As a result of the Diamond Foods acquisition, we have two operating segments based on geographic operations that we aggregate into one reportable segment. We define operating segments as components of an organization for which discrete financial information is available and operating results are evaluated on a regular basis by the chief operating decision maker (“CODM”) in order to assess performance and allocate resources. Our CODM is our President and Chief Executive Officer. Characteristics of our organization which were relied upon in making the determination of two operating segments include the nature of the products that we sell, our organization's internal structure, and the information that is regularly reviewed by the CODM for the purpose of assessing performance and allocating resources. We aggregate our operating segments into a single reportable segment based on similarities between the operating segments’ economic characteristics, nature of products sold, production process, type of customer, methods of distribution, and regulatory environment.
Revenue by Product Category
Net revenue by product category was as follows:
 
 
Quarter Ended
 
Nine Months Ended
(in thousands)
 
September 30,
2017
 
October 1,
2016
 
September 30,
2017
 
October 1,
2016
Branded
 
 
 
 
 
 
 
 
Core brand
 
$
407,785

 
$
388,570

 
$
1,208,994

 
$
1,078,280

Allied brand
 
39,604

 
38,261

 
122,296

 
117,009

Total Branded
 
447,389

 
426,831

 
1,331,290

 
1,195,289

Partner brand
 
73,978

 
73,821

 
222,325

 
229,607

Other
 
42,817

 
43,251

 
121,665

 
128,168

Net revenue
 
$
564,184

 
$
543,903

 
$
1,675,280

 
$
1,553,064


During the third quarter of 2017, certain branded categories previously classified as Allied brands were reclassified to Core brands. As a result, $0.6 million of net revenue previously presented in Allied brands for the first six months of 2017 was reclassified to Core brands.
Geographic Information
Revenue is attributable to the US, the Company’s country of domicile, and to international locations based on the country in which the product is produced. Net revenue by geographic location was as follows:
 
 
Quarter Ended
 
Nine Months Ended
(in thousands)
 
September 30,
2017
 
October 1,
2016
 
September 30,
2017
 
October 1,
2016
Location:
 
 
 
 
 
 
 
 
United States
 
$
536,278

 
$
517,927

 
$
1,593,913

 
$
1,485,487

International
 
27,906

 
25,976

 
81,367

 
67,577

Net revenue
 
$
564,184

 
$
543,903

 
$
1,675,280

 
$
1,553,064


Long-lived assets located in the US and international locations as of September 30, 2017 and December 31, 2016, were as follows:
(in thousands)
 
September 30,
2017
 
December 31,
2016
Location:
 
 
 
 
United States
 
$
469,832

 
$
477,450

International
 
25,966

 
24,434

Total
 
$
495,798

 
$
501,884