$BGS
B&G Foods, Inc.

2022 Q2 Form 10-Q Financial Statement

#000155837022007363 Filed on May 05, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2021 Q2
Revenue $532.4M $505.1M
YoY Change 5.4% -1.44%
Cost Of Revenue $431.1M $387.3M
YoY Change 11.3% 2.35%
Gross Profit $101.3M $117.8M
YoY Change -14.01% -12.16%
Gross Profit Margin 19.02% 23.32%
Selling, General & Admin $46.84M $50.38M
YoY Change -7.02% 13.6%
% of Gross Profit 46.24% 42.77%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $19.83M $20.29M
YoY Change -2.3% 31.76%
% of Gross Profit 19.57% 17.23%
Operating Expenses $46.84M $50.38M
YoY Change -7.02% 13.6%
Operating Profit $56.32M $61.98M
YoY Change -9.12% -27.1%
Interest Expense -$26.80M -$26.97M
YoY Change -0.62% 8.53%
% of Operating Profit -47.59% -43.51%
Other Income/Expense, Net $1.839M $1.091M
YoY Change 68.56% 55.63%
Pretax Income $31.36M $36.10M
YoY Change -13.13% -40.69%
Income Tax $7.705M $9.223M
% Of Pretax Income 24.57% 25.55%
Net Earnings $23.66M $26.88M
YoY Change -11.99% -40.15%
Net Earnings / Revenue 4.44% 5.32%
Basic Earnings Per Share $0.34 $0.42
Diluted Earnings Per Share $0.34 $0.41
COMMON SHARES
Basic Shares Outstanding 68.63M 64.58M
Diluted Shares Outstanding 69.02M 65.21M

Balance Sheet

Concept 2022 Q2 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $41.47M $43.10M
YoY Change -3.78% -76.21%
Cash & Equivalents $41.47M $43.13M
Short-Term Investments
Other Short-Term Assets $40.31M $38.10M
YoY Change 5.79% 10.76%
Inventory $612.8M $497.5M
Prepaid Expenses
Receivables $164.2M $136.3M
Other Receivables $1.137M $14.40M
Total Short-Term Assets $859.9M $729.4M
YoY Change 17.89% 1.61%
LONG-TERM ASSETS
Property, Plant & Equipment $334.2M $360.2M
YoY Change -7.23% 26.91%
Goodwill $644.9M $644.8M
YoY Change 0.02% 7.67%
Intangibles $1.922B $1.966B
YoY Change -2.23% 22.4%
Long-Term Investments
YoY Change
Other Assets $7.081M $5.859M
YoY Change 20.86% 94.2%
Total Long-Term Assets $2.979B $3.012B
YoY Change -1.07% 18.86%
TOTAL ASSETS
Total Short-Term Assets $859.9M $729.4M
Total Long-Term Assets $2.979B $3.012B
Total Assets $3.839B $3.741B
YoY Change 2.62% 15.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $152.3M $125.2M
YoY Change 21.69% 1.85%
Accrued Expenses $47.72M $40.57M
YoY Change 17.64% -30.99%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $248.3M $207.6M
YoY Change 19.64% -9.71%
LONG-TERM LIABILITIES
Long-Term Debt $2.281B $2.330B
YoY Change -2.09% 24.3%
Other Long-Term Liabilities $30.61M $40.03M
YoY Change -23.51% 19.91%
Total Long-Term Liabilities $2.312B $2.370B
YoY Change -2.46% 24.23%
TOTAL LIABILITIES
Total Short-Term Liabilities $248.3M $207.6M
Total Long-Term Liabilities $2.312B $2.370B
Total Liabilities $2.925B $2.901B
YoY Change 0.85% 19.14%
SHAREHOLDERS EQUITY
Retained Earnings $928.7M $875.7M
YoY Change 6.05% 1.76%
Common Stock $689.0K $648.0K
YoY Change 6.33% 0.93%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $914.0M $840.6M
YoY Change
Total Liabilities & Shareholders Equity $3.839B $3.741B
YoY Change 2.62% 15.05%

Cashflow Statement

Concept 2022 Q2 2021 Q2
OPERATING ACTIVITIES
Net Income $23.66M $26.88M
YoY Change -11.99% -40.15%
Depreciation, Depletion And Amortization $19.83M $20.29M
YoY Change -2.3% 31.76%
Cash From Operating Activities $25.23M $26.02M
YoY Change -3.03% -86.22%
INVESTING ACTIVITIES
Capital Expenditures $7.129M $11.79M
YoY Change -39.51% -402.18%
Acquisitions
YoY Change
Other Investing Activities $10.31M $0.00
YoY Change -100.0%
Cash From Investing Activities $3.181M -$11.75M
YoY Change -127.08% 255.97%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $3.234M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -20.76M -23.45M
YoY Change -11.49% -82.2%
NET CHANGE
Cash From Operating Activities 25.23M 26.02M
Cash From Investing Activities 3.181M -11.75M
Cash From Financing Activities -20.76M -23.45M
Net Change In Cash 7.780M -9.054M
YoY Change -185.93% -116.83%
FREE CASH FLOW
Cash From Operating Activities $25.23M $26.02M
Capital Expenditures $7.129M $11.79M
Free Cash Flow $18.10M $14.24M
YoY Change 27.17% -92.61%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2022Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2022Q2 dei Entity Central Index Key
EntityCentralIndexKey
0001278027
CY2022Q2 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2022Q2 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
CY2022Q2 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2022Q2 dei Amendment Flag
AmendmentFlag
false
CY2022Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2022Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2022Q2 us-gaap Preferred Stock Value
PreferredStockValue
CY2022Q1 us-gaap Preferred Stock Value
PreferredStockValue
CY2022Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
68521651
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
68885801
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
20700000
CY2022Q2 dei Document Type
DocumentType
10-Q
CY2022Q2 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2022Q2 dei Document Period End Date
DocumentPeriodEndDate
2022-04-02
CY2022Q2 dei Document Transition Report
DocumentTransitionReport
false
CY2022Q2 dei Entity File Number
EntityFileNumber
001-32316
CY2022Q2 dei Entity Registrant Name
EntityRegistrantName
B&G FOODS, INC.
CY2022Q2 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2022Q2 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
13-3918742
CY2022Q2 dei Entity Address Address Line1
EntityAddressAddressLine1
Four Gatehall Drive
CY2022Q2 dei Entity Address City Or Town
EntityAddressCityOrTown
Parsippany
CY2022Q2 dei Entity Address State Or Province
EntityAddressStateOrProvince
NJ
CY2022Q2 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
07054
CY2022Q2 dei City Area Code
CityAreaCode
973
CY2022Q2 dei Local Phone Number
LocalPhoneNumber
401-6500
CY2022Q2 dei Security12b Title
Security12bTitle
Common Stock, par value $0.01 per share
CY2022Q2 dei Trading Symbol
TradingSymbol
BGS
CY2022Q2 dei Security Exchange Name
SecurityExchangeName
NYSE
CY2022Q2 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2022Q2 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2022Q2 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2022Q2 dei Entity Small Business
EntitySmallBusiness
false
CY2022Q2 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2022Q2 dei Entity Shell Company
EntityShellCompany
false
CY2022Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
68884970
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
41470000
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
33690000
CY2022Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
164190000
CY2022Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
145281000
CY2022Q2 us-gaap Inventory Net
InventoryNet
612768000
CY2022Q1 us-gaap Inventory Net
InventoryNet
609794000
CY2022Q1 us-gaap Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
3256000
CY2022Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
40307000
CY2022Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
38151000
CY2022Q2 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
1137000
CY2022Q1 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
4284000
CY2022Q2 us-gaap Assets Current
AssetsCurrent
859872000
CY2022Q1 us-gaap Assets Current
AssetsCurrent
834456000
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
347107000
CY2022Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
364182000
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
334187000
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
341471000
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
63330000
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
65166000
CY2022Q2 us-gaap Goodwill
Goodwill
644949000
CY2022Q1 us-gaap Goodwill
Goodwill
644871000
CY2022Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1922090000
CY2022Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1927119000
CY2022Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
7081000
CY2022Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
6916000
CY2022Q2 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
7842000
CY2022Q1 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
8546000
CY2022Q2 us-gaap Assets
Assets
3839351000
CY2022Q1 us-gaap Assets
Assets
3828545000
CY2022Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
152309000
CY2022Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
129861000
CY2022Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
47719000
CY2022Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
66901000
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
13502000
CY2022Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
12420000
CY2022Q2 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
2093000
CY2022Q1 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
2557000
CY2022Q2 us-gaap Dividends Payable Current
DividendsPayableCurrent
32721000
CY2022Q1 us-gaap Dividends Payable Current
DividendsPayableCurrent
32548000
CY2022Q2 us-gaap Liabilities Current
LiabilitiesCurrent
248344000
CY2022Q1 us-gaap Liabilities Current
LiabilitiesCurrent
244287000
CY2022Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2281195000
CY2022Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2267759000
CY2022Q2 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
312604000
CY2022Q1 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
310641000
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
52628000
CY2022Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
55607000
CY2022Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
30614000
CY2022Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
29997000
CY2022Q2 us-gaap Liabilities
Liabilities
2925385000
CY2022Q1 us-gaap Liabilities
Liabilities
2908291000
CY2022Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2022Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2022Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000
CY2022Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000
CY2022Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2022Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2022Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
125000000
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
125000000
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
68885801
CY2022Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
68521651
CY2022Q2 us-gaap Common Stock Value
CommonStockValue
689000
CY2022Q1 us-gaap Common Stock Value
CommonStockValue
685000
CY2022Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
3547000
CY2022Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-15469000
CY2022Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-18169000
CY2022Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
928746000
CY2022Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
934191000
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
913966000
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
920254000
CY2022Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3839351000
CY2022Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3828545000
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
532407000
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
505134000
CY2022Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
431119000
CY2021Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
387340000
CY2022Q2 us-gaap Gross Profit
GrossProfit
101288000
CY2021Q2 us-gaap Gross Profit
GrossProfit
117794000
CY2022Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
46840000
CY2021Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
50379000
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5223000
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5436000
CY2022Q2 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
7099000
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
56324000
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
61979000
CY2022Q2 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-26802000
CY2021Q2 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-26969000
CY2022Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1839000
CY2021Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1091000
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
31361000
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
36101000
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7705000
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9223000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
23656000
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
26878000
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
68630000
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
64583000
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
69017000
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65210000
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.34
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.42
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.34
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.41
CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.475
CY2021Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.475
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
23656000
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
26878000
CY2022Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
2679000
CY2021Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-496000
CY2022Q2 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
-21000
CY2021Q2 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
-334000
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
2700000
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-162000
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
26356000
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
26716000
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
920254000
CY2022Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
2679000
CY2022Q2 us-gaap Other Comprehensive Income Defined Benefit Plans Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent
-7000
CY2022Q2 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
-21000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
23656000
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
791000
CY2022Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-3704000
CY2022Q2 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
-298000
CY2022Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
3228000
CY2022Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
60000
CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.475
CY2022Q2 us-gaap Dividends Common Stock
DividendsCommonStock
32721000
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
913966000
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
831877000
CY2021Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-496000
CY2021Q2 us-gaap Other Comprehensive Income Defined Benefit Plans Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent
-108000
CY2021Q2 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
-334000
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
26878000
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
432000
CY2021Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-1086000
CY2021Q2 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
-620000
CY2021Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
14052000
CY2021Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.475
CY2021Q2 us-gaap Dividends Common Stock
DividendsCommonStock
30757000
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
840614000
CY2022Q2 us-gaap Profit Loss
ProfitLoss
23656000
CY2021Q2 us-gaap Profit Loss
ProfitLoss
26878000
CY2022Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
19825000
CY2021Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
20291000
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
3860000
CY2021Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
3158000
CY2022Q2 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1169000
CY2021Q2 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1141000
CY2022Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
2913000
CY2021Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
6188000
CY2022Q2 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
7113000
CY2021Q2 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
26000
CY2022Q2 us-gaap Share Based Compensation
ShareBasedCompensation
1090000
CY2021Q2 us-gaap Share Based Compensation
ShareBasedCompensation
723000
CY2022Q2 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
18710000
CY2021Q2 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3222000
CY2022Q2 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1578000
CY2021Q2 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
4295000
CY2022Q2 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1736000
CY2021Q2 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-5041000
CY2022Q2 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
2634000
CY2021Q2 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
2334000
CY2022Q2 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
405000
CY2021Q2 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
145000
CY2022Q2 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
22707000
CY2021Q2 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
6462000
CY2022Q2 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-23723000
CY2021Q2 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-40100000
CY2022Q2 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
642000
CY2021Q2 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
1592000
CY2022Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
25231000
CY2021Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
26020000
CY2022Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
7129000
CY2021Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
11785000
CY2022Q2 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
10310000
CY2021Q2 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
38000
CY2022Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
3181000
CY2021Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-11747000
CY2022Q2 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
67500000
CY2021Q2 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
50000000
CY2022Q2 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
80000000
CY2021Q2 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
45000000
CY2022Q2 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
3234000
CY2022Q2 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
32548000
CY2021Q2 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
30520000
CY2022Q2 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
60000
CY2021Q2 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
14052000
CY2022Q2 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
4001000
CY2021Q2 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1706000
CY2021Q2 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
275000
CY2022Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-20755000
CY2021Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-23449000
CY2022Q2 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
123000
CY2021Q2 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
122000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
7780000
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-9054000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
33690000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
52182000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
41470000
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
43128000
CY2022Q2 us-gaap Interest Paid Net
InterestPaidNet
44411000
CY2021Q2 us-gaap Interest Paid Net
InterestPaidNet
44577000
CY2022Q2 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2148000
CY2021Q2 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
682000
CY2022Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
32721000
CY2021Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
30757000
CY2022Q2 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1461000
CY2021Q2 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1059000
CY2022Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1592000
CY2021Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1586000
CY2022Q2 us-gaap Nature Of Operations
NatureOfOperations
<table style="border-collapse:collapse;border:0;"><tr><td style="vertical-align:text-top;white-space:nowrap;width:36pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:6pt;margin-top:0pt;"><b style="font-weight:bold;">(1)</b></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:6pt;margin-top:0pt;"><b style="font-weight:bold;">Nature of Operations</b></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 6pt 0pt;">B&amp;G Foods, Inc. is a holding company whose principal assets are the shares of capital stock of its subsidiaries. Unless the context requires otherwise, references in this report to “B&amp;G Foods,” “our company,” “we,” “us” and “our” refer to B&amp;G Foods, Inc. and its subsidiaries. Our financial statements are presented on a consolidated basis.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 6pt 0pt;">We operate in a single industry segment and manufacture, sell and distribute a diverse portfolio of high-quality shelf-stable and frozen foods across the United States, Canada and Puerto Rico. Our products include frozen and canned vegetables, vegetable, canola and other cooking oils, vegetable shortening, cooking sprays, oatmeal and other hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegar, maple syrup, molasses, salad dressings, pizza crusts, Mexican-style sauces, dry soups, taco shells and kits, salsas, pickles, peppers, tomato-based products, cookies and crackers, baking powder, baking soda, corn starch, nut clusters and other specialty products. Our products are marketed under many recognized brands, including <i style="font-style:italic;">Ac’cent</i>, <i style="font-style:italic;">B&amp;G</i>, <i style="font-style:italic;">B&amp;M</i>, <i style="font-style:italic;">Back to Nature</i>, <i style="font-style:italic;">Baker’s Joy</i>, <i style="font-style:italic;">Bear Creek Country Kitchens</i>, <i style="font-style:italic;">Brer Rabbit</i>, <i style="font-style:italic;">Canoleo</i>, <i style="font-style:italic;">Cary’s</i>, <i style="font-style:italic;">Clabber Girl</i>, <i style="font-style:italic;">Cream of Rice</i>, <i style="font-style:italic;">Cream of Wheat</i>, <i style="font-style:italic;">Crisco</i>, <i style="font-style:italic;">Dash, Davis</i>, <i style="font-style:italic;">Devonsheer</i>, <i style="font-style:italic;">Don Pepino</i>, <i style="font-style:italic;">Durkee</i>, <i style="font-style:italic;">Emeril’s</i>, <i style="font-style:italic;">Grandma’s Molasses</i>, <i style="font-style:italic;">Green Giant</i>, <i style="font-style:italic;">Joan of Arc</i>, <i style="font-style:italic;">Las Palmas</i>, <i style="font-style:italic;">Le Sueur</i>, <i style="font-style:italic;">MacDonald’s</i>, <i style="font-style:italic;">Mama Mary’s</i>, <i style="font-style:italic;">Maple Grove Farms of Vermont</i>, <i style="font-style:italic;">McCann’s</i>, <i style="font-style:italic;">Molly McButter</i>, <i style="font-style:italic;">New York Flatbreads</i>, <i style="font-style:italic;">New York Style</i>, <i style="font-style:italic;">Old London</i>, <i style="font-style:italic;">Ortega</i>, <i style="font-style:italic;">Polaner</i>, <i style="font-style:italic;">Red Devil</i>, <i style="font-style:italic;">Regina</i>, <i style="font-style:italic;">Rumford</i>, <i style="font-style:italic;">Sa-són</i>, <i style="font-style:italic;">Sclafani</i>, <i style="font-style:italic;">Spice Islands</i>, <i style="font-style:italic;">Spring Tree</i>, <i style="font-style:italic;">Sugar Twin</i>, <i style="font-style:italic;">Tone’s</i>, <i style="font-style:italic;">Trappey’s</i>, <i style="font-style:italic;">TrueNorth</i>, <i style="font-style:italic;">Underwood</i>, <i style="font-style:italic;">Vermont Maid</i>, <i style="font-style:italic;">Victoria</i>, <i style="font-style:italic;">Weber</i> and <i style="font-style:italic;">Wright’s</i>. We also sell and distribute <i style="font-style:italic;">Static Guard</i>, a household product brand. We compete in the retail grocery, foodservice, specialty, private label, club and mass merchandiser channels of distribution. We sell and distribute our products directly and via a network of independent brokers and distributors to supermarket chains, foodservice outlets, mass merchants, warehouse clubs, non-food outlets and specialty distributors.</p>
CY2022Q2 us-gaap Fiscal Period
FiscalPeriod
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:10.5pt;text-indent:36pt;margin:0pt 0pt 6pt 0pt;"><span style="font-style:italic;font-weight:bold;">Fiscal Year</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10.5pt;line-height:10.5pt;text-indent:36pt;margin:0pt 0pt 6pt 0pt;"><span style="font-size:10pt;">Typically, our fiscal quarters and fiscal year consist of </span><span style="font-size:10pt;">13</span><span style="font-size:10pt;"> and </span><span style="font-size:10pt;">52</span><span style="font-size:10pt;"> weeks, respectively, ending on the Saturday closest to December 31 in the case of our fiscal year and fourth fiscal quarter, and on the Saturday closest to the end of the corresponding calendar quarter in the case of our fiscal quarters. As a result, a 53</span><sup style="font-size:7.5pt;line-height:100%;top:0pt;vertical-align:top;">rd </sup><span style="font-size:10pt;">week is added to our fiscal year every </span><span style="-sec-ix-hidden:Hidden_G7tPgGWOv0-LAOrEWMrBuw;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">five</span></span><span style="font-size:10pt;"> or </span><span style="font-size:10pt;">six years</span><span style="font-size:10pt;">. Generally, in a </span><span style="font-size:10pt;">53</span><span style="font-size:10pt;">-week fiscal year our fourth fiscal quarter contains </span><span style="font-size:10pt;">14</span><span style="font-size:10pt;"> weeks. Our fiscal year ending December 31, 2022 (fiscal 2022) and our fiscal year ended January 1, 2022 (fiscal 2021) each contains </span><span style="font-size:10pt;">52</span><span style="font-size:10pt;"> weeks. Each quarter of fiscal 2022 and 2021 contains </span><span style="font-size:10pt;">13</span><span style="font-size:10pt;"> weeks. </span></p>
CY2022Q2 bgs Number Of Weeks In Fiscal Quarter
NumberOfWeeksInFiscalQuarter
P91D
CY2022Q2 us-gaap Fiscal Period Duration
FiscalPeriodDuration
P364D
CY2021 bgs Number Of Weeks In Fourth Fiscal Quarter
NumberOfWeeksInFourthFiscalQuarter
P371D
CY2021 bgs Number Of Weeks In Fiscal Quarter
NumberOfWeeksInFiscalQuarter
P98D
CY2022Q2 us-gaap Fiscal Period Duration
FiscalPeriodDuration
P364D
CY2022Q2 bgs Number Of Weeks In Fiscal Quarter
NumberOfWeeksInFiscalQuarter
P91D
CY2022Q2 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10.5pt;line-height:10.5pt;text-indent:36pt;margin:0pt 0pt 6pt 0pt;"><span style="font-style:italic;font-weight:bold;">Use of Estimates</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:10.5pt;text-indent:36pt;margin:0pt 0pt 6pt 0pt;">The preparation of financial statements in accordance with GAAP requires our management to make a number of estimates and assumptions relating to the reporting of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Some of the more significant estimates and assumptions made by management involve revenue recognition as it relates to trade and consumer promotion expenses; pension benefits; acquisition accounting fair value allocations; the recoverability of goodwill, other intangible assets, property, plant and equipment and deferred tax assets; and the determination of the useful life of customer relationship and finite-lived trademark intangible assets. Actual results could differ significantly from these estimates and assumptions.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:10.5pt;text-indent:36pt;margin:0pt 0pt 6pt 0pt;">Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors that management believes to be reasonable under the circumstances, including the current economic environment. We adjust such estimates and assumptions when facts and circumstances dictate. Volatility in the credit and equity markets can increase the uncertainty inherent in such estimates and assumptions.</p>
CY2022Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
105443000
CY2022Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
94799000
CY2022Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
113126000
CY2022Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
145102000
CY2022Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
394199000
CY2022Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
369893000
CY2022Q2 us-gaap Inventory Net
InventoryNet
612768000
CY2022Q1 us-gaap Inventory Net
InventoryNet
609794000
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
413791000
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
177014000
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
236777000
CY2022Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
413763000
CY2022Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
171789000
CY2022Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
241974000
CY2022Q2 us-gaap Goodwill
Goodwill
644949000
CY2022Q1 us-gaap Goodwill
Goodwill
644871000
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5200000
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5400000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
15700000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
20800000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
20700000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
20000000.0
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
15200000
CY2021Q2 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0
CY2022Q2 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0
CY2022Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
15911000
CY2022Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
16805000
CY2022Q2 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
2019000
CY2022Q1 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
2061000
CY2022Q2 us-gaap Long Term Debt
LongTermDebt
2281195000
CY2022Q1 us-gaap Long Term Debt
LongTermDebt
2267759000
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
1077500000
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
671625000
CY2022Q2 bgs Long Term Debt Maturities Repayments Of Principal After Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour
550000000
CY2022Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2299125000
CY2022Q2 us-gaap Interest Payable Current
InterestPayableCurrent
1900000
CY2022Q1 us-gaap Interest Payable Current
InterestPayableCurrent
20700000
CY2021Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
0
CY2022Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
0
CY2021Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0
CY2022Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0
CY2022Q2 bgs Number Of Company Sponsored Defined Benefit Pension Plans
NumberOfCompanySponsoredDefinedBenefitPensionPlans
4
CY2022Q2 bgs Percentage Of Employees Covered By Defined Benefit Pension Plans
PercentageOfEmployeesCoveredByDefinedBenefitPensionPlans
0.31
CY2022Q2 bgs Number Of Defined Benefit Pension Plans Sponsored By Company For Union Employees
NumberOfDefinedBenefitPensionPlansSponsoredByCompanyForUnionEmployees
3
CY2022Q2 bgs Number Of Defined Benefit Pension Plans Sponsored By Company For Salaried And Certain Hourly Employees
NumberOfDefinedBenefitPensionPlansSponsoredByCompanyForSalariedAndCertainHourlyEmployees
1
CY2022Q2 bgs Number Of Company Sponsored Defined Benefit Pension Plans
NumberOfCompanySponsoredDefinedBenefitPensionPlans
4
CY2022Q2 bgs Number Of Company Sponsored Defined Benefit Pension Plans
NumberOfCompanySponsoredDefinedBenefitPensionPlans
4
CY2022Q2 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
2296000
CY2021Q2 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
2626000
CY2022Q2 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
1371000
CY2021Q2 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
1225000
CY2022Q2 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
3237000
CY2021Q2 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
2757000
CY2022Q2 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-28000
CY2021Q2 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-442000
CY2022Q2 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
458000
CY2021Q2 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
1536000
CY2022Q2 us-gaap Defined Benefit Plan Expected Future Employer Contributions Remainder Of Fiscal Year
DefinedBenefitPlanExpectedFutureEmployerContributionsRemainderOfFiscalYear
2500000
CY2021Q2 us-gaap Multiemployer Plan Employer Contribution Cost
MultiemployerPlanEmployerContributionCost
200000
CY2022Q2 bgs Defined Benefit Plan Expected Withdrawal Liability Payout Period
DefinedBenefitPlanExpectedWithdrawalLiabilityPayoutPeriod
P20Y
CY2022Q2 bgs Defined Benefit Plan Withdrawal Liability Annual Installments
DefinedBenefitPlanWithdrawalLiabilityAnnualInstallments
900000
CY2022Q2 bgs Defined Benefit Plan Expected Withdrawal Liability Amount
DefinedBenefitPlanExpectedWithdrawalLiabilityAmount
13900000
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
63330000
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
65166000
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
13502000
CY2022Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
12420000
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
52628000
CY2022Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
55607000
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
66130000
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
68027000
CY2022Q2 us-gaap Lessee Operating Lease Existence Of Option To Extend
LesseeOperatingLeaseExistenceOfOptionToExtend
true
CY2022Q2 us-gaap Lessee Operating Lease Existence Of Option To Terminate
LesseeOperatingLeaseExistenceOfOptionToTerminate
true
CY2022Q2 bgs Lessee Operating Lease Terminate Term
LesseeOperatingLeaseTerminateTerm
P1Y
CY2022Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
3921000
CY2021Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
3350000
CY2022Q2 bgs Operating Lease Cost Cost Of Goods Sold
OperatingLeaseCostCostOfGoodsSold
2254000
CY2021Q2 bgs Operating Lease Cost Cost Of Goods Sold
OperatingLeaseCostCostOfGoodsSold
1184000
CY2022Q2 bgs Operating Lease Cost Selling General And Administrative Expenses
OperatingLeaseCostSellingGeneralAndAdministrativeExpenses
1606000
CY2021Q2 bgs Operating Lease Cost Selling General And Administrative Expenses
OperatingLeaseCostSellingGeneralAndAdministrativeExpenses
1974000
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
3860000
CY2021Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
3158000
CY2022Q2 us-gaap Lease Cost
LeaseCost
4500000
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
3900000
CY2021Q2 us-gaap Lease Cost
LeaseCost
4000000.0
CY2021Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
3200000
CY2022Q2 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P5Y2M12D
CY2022Q1 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P5Y6M
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0259
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0261
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
11293000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
14079000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
13127000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
12603000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
9203000
CY2022Q2 bgs Lessee Operating Lease Liability Payments Due Year Four Thereafter
LesseeOperatingLeaseLiabilityPaymentsDueYearFourThereafter
10275000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
70580000
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
4450000
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
66130000
CY2022Q2 bgs Number Of Employee
NumberOfEmployee
2922
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
462937
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
430011
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
68630105
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
64582989
CY2022Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
386771
CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
626725
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
69016876
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65209714
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1090000
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
723000
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
532407000
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
505134000
CY2022Q2 bgs Percentage Of Specific Brand Sale To Total Sales
PercentageOfSpecificBrandSaleToTotalSales
0.03

Files In Submission

Name View Source Status
0001558370-22-007363-index-headers.html Edgar Link pending
0001558370-22-007363-index.html Edgar Link pending
0001558370-22-007363.txt Edgar Link pending
0001558370-22-007363-xbrl.zip Edgar Link pending
bgs-20220402.xsd Edgar Link pending
bgs-20220402x10q.htm Edgar Link pending
bgs-20220402x10q_htm.xml Edgar Link completed
bgs-20220402xex31d1.htm Edgar Link pending
bgs-20220402xex31d2.htm Edgar Link pending
bgs-20220402xex32d1.htm Edgar Link pending
bgs-20220402_cal.xml Edgar Link unprocessable
bgs-20220402_def.xml Edgar Link unprocessable
bgs-20220402_lab.xml Edgar Link unprocessable
bgs-20220402_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending