Guarantor Financial Information (Tables)

3 Months Ended

Mar. 30, 2013

Condensed Consolidating Balance Sheet

As of March 30, 2013

(in thousands)



	Issuer		Guarantors		Non-guarantors		Eliminations			Consolidated
ASSETS
Total current assets	$	201,606	$	485,811	$	5,042	$	(379,497	)	$	312,962
Investment in subsidiaries	1,491,855		—		—		(1,491,855		)	—
Property, plant and equipment, net	153,611		309,143		—		—			462,754
Intangible assets, net	14,409		316,328		265		—			331,002
Goodwill	21,860		359,243		266		—			381,369
Investment in unconsolidated subsidiary	—		—		73,835		—			73,835
Other assets	27,487		2,384		—		—			29,871
	$	1,910,828	$	1,472,909	$	79,408	$	(1,871,352	)	$	1,591,793
LIABILITIES AND STOCKHOLDERS’ EQUITY
Total current liabilities	$	441,496	$	58,006	$	2,165	$	(379,497	)	$	122,170
Long-term debt, net of current portion	250,000		120		—		—			250,120
Other noncurrent liabilities	59,738		—		171		—			59,909
Deferred income taxes	61,735		—		—		—			61,735
Total liabilities	812,969		58,126		2,336		(379,497		)	493,934
Total stockholders’ equity	1,097,859		1,414,783		77,072		(1,491,855		)	1,097,859
	$	1,910,828	$	1,472,909	$	79,408	$	(1,871,352	)	$	1,591,793

Condensed Consolidating Balance Sheet

As of December 29, 2012

(in thousands)



	Issuer		Guarantors		Non-guarantors		Eliminations			Consolidated
ASSETS
Total current assets	$	174,576	$	455,604	$	3,037	$	(342,955	)	$	290,262
Investment in subsidiaries	1,449,577		—		—		(1,449,577		)	—
Property, plant and equipment, net	148,131		305,796		—		—			453,927
Intangible assets, net	14,497		322,634		271		—			337,402
Goodwill	21,860		359,243		266		—			381,369
Investment in unconsolidated subsidiary	—		—		62,495		—			62,495
Other assets	26,530		431		—		—			26,961
	$	1,835,171	$	1,443,708	$	66,069	$	(1,792,532	)	$	1,552,416
LIABILITIES AND STOCKHOLDERS’ EQUITY
Total current liabilities	$	414,755	$	59,218	$	666	$	(342,955	)	$	131,684
Long-term debt, net of current portion	250,000		142		—		—			250,142
Other noncurrent liabilities	61,365		—		174		—			61,539
Deferred income taxes	46,615		—		—		—			46,615
Total liabilities	772,735		59,360		840		(342,955		)	489,980
Total stockholders’ equity	1,062,436		1,384,348		65,229		(1,449,577		)	1,062,436
	$	1,835,171	$	1,443,708	$	66,069	$	(1,792,532	)	$	1,552,416

Condensed Consolidating Statements of Operations

For the three months ended March 30, 2013

(in thousands)



	Issuer			Guarantors			Non-guarantors			Eliminations			Consolidated
Net sales	$	161,872		$	319,411		$	4,134		$	(39,995	)	$	445,422
Cost and expenses:
Cost of sales and operating expenses	124,104			234,521			4,056			(39,995		)	322,686
Selling, general and administrative expenses	22,567			19,686			40			—			42,293
Depreciation and amortization	6,138			15,723			6			—			21,867
Total costs and expenses	152,809			269,930			4,102			(39,995		)	386,846
Operating income	9,063			49,481			32			—			58,576

Interest expense	(5,621		)	(4		)	—			—			(5,625		)
Other, net	938			135			(6		)	—			1,067
Equity in net loss of unconsolidated subsidiary	—			—			(1,195		)	—			(1,195		)
Earnings in investments in subsidiaries	29,718			—			—			(29,718		)	—
Income/(loss) before taxes	34,098			49,612			(1,169		)	(29,718		)	52,823
Income taxes (benefit)	1,693			19,177			(452		)	—			20,418
Net income (loss)	$	32,405		$	30,435		$	(717	)	$	(29,718	)	$	32,405

Condensed Consolidating Statements of Operations

For the three months ended March 31, 2012

(in thousands)



	Issuer			Guarantors		Non-guarantors			Eliminations			Consolidated
Net sales	$	152,988		$	273,509	$	2,554		$	(41,943	)	$	387,108
Cost and expenses:
Cost of sales and operating expenses	121,097			194,813		2,502			(41,943		)	276,469
Selling, general and administrative expenses	20,785			16,545		39			—			37,369
Depreciation and amortization	6,296			14,458		6			—			20,760
Total costs and expenses	148,178			225,816		2,547			(41,943		)	334,598
Operating income	4,810			47,693		7			—			52,510

Interest expense	(6,925		)	—		—			—			(6,925		)
Other, net	(642		)	27		7			—			(608		)
Equity in net loss of unconsolidated subsidiary	—			—		(236		)	—			(236		)
Earnings in investments in subsidiaries	30,332			—		—			(30,332		)	—
Income/(loss) before taxes	27,575			47,720		(222		)	(30,332		)	44,741
Income taxes	(996		)	17,246		(80		)	—			16,170
Net income (loss)	$	28,571		$	30,474	$	(142	)	$	(30,332	)	$	28,571

Condensed Consolidating Statements of Comprehensive Income (Loss)

For the three months ended March 30, 2013

(in thousands)



	Issuer		Guarantors		Non-guarantors			Eliminations			Consolidated
Net income	$	32,405	$	30,435	$	(717	)	$	(29,718	)	$	32,405
Other comprehensive income (loss), net of tax:
Pension adjustments	805		—		—			—			805
Natural gas swap derivative adjustments	148		—		—			—			148
Corn option derivative adjustments	949		—		—			—			949
Total other comprehensive income, net of tax	1,902		—		—			—			1,902
Total comprehensive income (loss)	$	34,307	$	30,435	$	(717	)	$	(29,718	)	$	34,307

Condensed Consolidating Statements of Comprehensive Income (Loss)

For the three months ended March 31, 2012

(in thousands)



	Issuer		Guarantors		Non-guarantors			Eliminations			Consolidated
Net income	$	28,571	$	30,474	$	(142	)	$	(30,332	)	$	28,571
Other comprehensive income (loss), net of tax:
Pension adjustments, net of tax	742		—		—			—			742
Natural gas swap derivative adjustments	7		—		—			—			7
Interest rate swap derivative adjustment	142		—		—			—			142
Total other comprehensive income, net of tax	891		—		—			—			891
Total comprehensive income (loss)	$	29,462	$	30,474	$	(142	)	$	(30,332	)	$	29,462

Condensed Consolidating Statements of Cash Flows

For the three months ended March 30, 2013

(in thousands)



	Issuer			Guarantors			Non-guarantors			Eliminations			Consolidated
Cash flows from operating activities:
Net income	$	32,405		$	30,435		$	(717	)	$	(29,718	)	$	32,405
Earnings in investments in subsidiaries	(29,718		)	—			—			29,718			—
Other operating cash flows	46,516			(20,600		)	1,161			—			27,077
Net cash provided by operating activities	49,203			9,835			444			—			59,482

Cash flows from investing activities:
Capital expenditures	(13,173		)	(13,219		)	—			—			(26,392		)
Investment in subsidiaries and affiliates	(12,560		)	—			(12,535		)	12,560			(12,535		)
Gross proceeds from sale of property, plant and equipment and other assets	131			281			—			—			412
Payments related to routes and other intangibles	(613		)	—			—			—			(613		)
Net cash used in investing activities	(26,215		)	(12,938		)	(12,535		)	12,560			(39,128		)

Cash flows from financing activities:
Payments on long-term debt	—			(21		)	—			—			(21		)
Issuances of common stock	16			—			—			—			16
Contributions from parent	—			—			12,560			(12,560		)	—
Minimum withholding taxes paid on stock awards	(2,523		)	—			—			—			(2,523		)
Excess tax benefits from stock-based compensation	702			—			—			—			702
Net cash used in financing activities	(1,805		)	(21		)	12,560			(12,560		)	(1,826		)

Net increase/(decrease) in cash and cash equivalents	21,183			(3,124		)	469			—			18,528
Cash and cash equivalents at beginning of year	96,945			5,577			727			—			103,249
Cash and cash equivalents at end of year	$	118,128		$	2,453		$	1,196		$	—		$	121,777

Condensed Consolidating Statements of Cash Flows

For the three months ended March 31, 2012

(in thousands)



	Issuer			Guarantors			Non-guarantors			Eliminations			Consolidated
Cash flows from operating activities:
Net income	$	28,571		$	30,474		$	(142	)	$	(30,332	)	$	28,571
Earnings in investments in subsidiaries	(30,332		)	—			—			30,332			—
Other operating cash flows	42,974			(16,795		)	(1,179		)	—			25,000
Net cash provided by operating activities	41,213			13,679			(1,321		)	—			53,571

Cash flows from investing activities:
Capital expenditures	(8,123		)	(16,567		)	—			—			(24,690		)
Investment in subsidiaries and affiliates	(11,376		)	—			(11,351		)	11,376			(11,351		)
Gross proceeds from sale of property, plant and equipment and other assets	1,111			1,117			—			—			2,228
Net cash used in investing activities	(18,388		)	(15,450		)	(11,351		)	11,376			(33,813		)

Cash flows from financing activities:
Payments on long-term debt	(30,000		)	(2		)	—			—			(30,002		)
Issuances of common stock	64			—			—			—			64
Contributions from parent	—			—			11,376			(11,376		)	—
Minimum withholding taxes paid on stock awards	(2,157		)	—			—			—			(2,157		)
Excess tax benefits from stock-based compensation	985			—			—			—			985
Net cash used in financing activities	(31,108		)	(2		)	11,376			(11,376		)	(31,110		)

Net increase/(decrease) in cash and cash equivalents	(8,283		)	(1,773		)	(1,296		)	—			(11,352		)
Cash and cash equivalents at beginning of year	35,207			1,773			1,956			—			38,936
Cash and cash equivalents at end of year	$	26,924		$	—		$	660		$	—		$	27,584