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Pay vs Performance Disclosure
12 Months Ended
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table

Average

Summary

Summary

Average

Value of Initial Fixed

Company Selected Measures

Compensation

Compensation

Compensation

Compensation

$100 Investment Based On:

Net Income

Table Total

Actually Paid (1)

Table Total

Actually Paid (1)

Tootsie Roll

TSR of

Net

as a Percent

Year

for PEO

to PEO (2)

for Other NEOs

to Other NEOs (2)

TSR (3)

Peer Group (4)

Income

Sales

of Sales

2023

$

7,289,683

$

7,289,683

$

1,495,958

$

1,495,958

114.31

119.76

$

91,912

$

763,252

12.0%

2022

6,793,272

6,793,272

1,362,116

1,362,116

140.71

130.29

75,937

681,440

11.1%

2021

5,442,510

5,442,510

1,256,239

1,256,239

115.09

119.39

65,326

566,043

11.5%

2020

4,882,302

4,882,302

1,191,157

1,191,157

90.62

105.23

58,995

467,427

12.6%

(1)

"Compensation Actually Paid" is the same as the total compensation reported in the Summary Compensation Table because the Company does not have any stock-based compensation or defined benefit plans.

(2)

The principal executive officer (PEO) is Ellen R. Gordon. The four other named executive officers (NEOs) are G. Howard Ember, Jr., Kenneth D. Naylor, Barry P. Bowen and Stephen P. Green. There were no changes to the PEO or other NEOs during 2023, 2022, 2021 or 2020.

(3)

For the relevant fiscal year, represents the cumulative total shareholder return (TSR) of the Company for the measurement periods ending on December 31 of each of 2023, 2022, 2021 and 2020, respectively.

(4)

For the relevant fiscal year, represents the TSR of the Dow Jones US Food Producers group for the measurement periods ending on December 31 of each of 2023, 2022, 2021 and 2020, respectively.

     
Company Selected Measure Name Sales      
Named Executive Officers, Footnote

(2)

The principal executive officer (PEO) is Ellen R. Gordon. The four other named executive officers (NEOs) are G. Howard Ember, Jr., Kenneth D. Naylor, Barry P. Bowen and Stephen P. Green. There were no changes to the PEO or other NEOs during 2023, 2022, 2021 or 2020.

     
Peer Group Issuers, Footnote

(4)

For the relevant fiscal year, represents the TSR of the Dow Jones US Food Producers group for the measurement periods ending on December 31 of each of 2023, 2022, 2021 and 2020, respectively.

     
PEO Total Compensation Amount $ 7,289,683 $ 6,793,272 $ 5,442,510 $ 4,882,302
PEO Actually Paid Compensation Amount 7,289,683 6,793,272 5,442,510 4,882,302
Non-PEO NEO Average Total Compensation Amount 1,495,958 1,362,116 1,256,239 1,191,157
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,495,958 1,362,116 1,256,239 1,191,157
Compensation Actually Paid vs. Total Shareholder Return

Compensation Actually Paid and Cumulative TSR

The following graph illustrates the amount of compensation actually paid to Mrs. Gordon and the average amount of compensation actually paid to the Company’s NEOs as a group (excluding Mrs. Gordon) as compared to the Company’s cumulative TSR over the four years presented in the table. The Compensation Committee does not determine the amount of MIP and CAP awards based on stock price performance. Total shareholder return (TSR) of the Company in relation to that of its peer group is not taken into consideration in determining the compensation paid to named executive officers because the Board of Directors believes that focusing on the factors enumerated above in the Compensation Discussion and Analysis will lead to increased shareholder value on a long term basis and serve to mitigate risk taking activities that are inconsistent with the Company’s long term shareholder interests.

Graphic

     
Compensation Actually Paid vs. Net Income

Compensation Actually Paid and Net Income

The following table illustrates the amount of compensation actually paid to Mrs. Gordon and the average amount of compensation actually paid to the Company’s NEOs as a group (excluding Mrs. Gordon) as compared to the Company’s net income over the four years presented in the table. Net income is the most important factor taken into consideration when determining the size of MIP and CAP awards for named executive officers.

Graphic

     
Compensation Actually Paid vs. Company Selected Measure

Compensation Actually Paid and Sales

The following table illustrates the amount of compensation actually paid to Mrs. Gordon and the average amount of compensation actually paid to the Company’s NEOs as a group (excluding Mrs. Gordon) as compared to the Company’s sales over the four years presented in the table. Sales as a performance measure is taken into consideration in the overall executive compensation program.

Graphic

     
Tabular List, Table

The measures that were most important in determining pay during 2023 and were most heavily weighted in the Company’s MIP and CAP programs as follows:

Net income and earnings per share

Increase in sales of core brands and total sales

Net income as a percentage of sales

     
Total Shareholder Return Amount $ 114.31 140.71 115.09 90.62
Peer Group Total Shareholder Return Amount 119.76 130.29 119.39 105.23
Net Income (Loss) $ 91,912 $ 75,937 $ 65,326 $ 58,995
Company Selected Measure Amount 763,252 681,440 566,043 467,427
PEO Name Ellen R. Gordon      
Measure:: 1        
Pay vs Performance Disclosure        
Name Net income and earnings per share      
Measure:: 2        
Pay vs Performance Disclosure        
Name Increase in sales of core brands and total sales      
Measure:: 3        
Pay vs Performance Disclosure        
Compensation Actually Paid vs. Other Measure

Compensation Actually Paid and Net Income as a Percentage of Sales

The following table illustrates the amount of compensation actually paid to Mrs. Gordon and the average amount of compensation actually paid to the Company’s NEOs as a group (excluding Mrs. Gordon) as compared to the Company’s net income as a percentage of sales over the four years presented in the table.

Graphic

     
Other Performance Measure, Amount 12.0 11.1 11.5 12.6
Name Net income as a percentage of sales