$BGS
B&G Foods, Inc.

2022 Q3 Form 10-Q Financial Statement

#000155837022012207 Filed on August 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $479.0M $532.4M $571.8M
YoY Change 3.14% 5.4% 12.06%
Cost Of Revenue $402.5M $431.1M $469.9M
YoY Change 14.08% 11.3% 16.45%
Gross Profit $76.50M $101.3M $101.9M
YoY Change -31.45% -14.01% -4.48%
Gross Profit Margin 15.97% 19.02% 17.82%
Selling, General & Admin $44.20M $46.84M $52.31M
YoY Change -6.12% -7.02% -10.58%
% of Gross Profit 57.78% 46.24% 51.32%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $20.47M $19.83M $21.63M
YoY Change 1.21% -2.3% 25.76%
% of Gross Profit 26.76% 19.57% 21.22%
Operating Expenses $44.20M $46.84M $57.70M
YoY Change -6.12% -7.02% -8.98%
Operating Profit $26.94M $56.32M $44.21M
YoY Change -54.43% -9.12% 2.12%
Interest Expense -$29.94M -$26.80M -$26.58M
YoY Change 12.08% -0.62% 9.37%
% of Operating Profit -111.14% -47.59% -60.11%
Other Income/Expense, Net $1.848M $1.839M $1.126M
YoY Change 65.44% 68.56% 60.86%
Pretax Income -$1.152M $31.36M -$4.326M
YoY Change -103.44% -13.13% -121.96%
Income Tax -$1.408M $7.705M $87.00K
% Of Pretax Income 24.57%
Net Earnings $256.0K $23.66M -$4.813M
YoY Change -98.96% -11.99% -139.54%
Net Earnings / Revenue 0.05% 4.44% -0.84%
Basic Earnings Per Share $0.34
Diluted Earnings Per Share $3.642K $0.34 -$72.76K
COMMON SHARES
Basic Shares Outstanding 69.90M 68.63M 68.52M
Diluted Shares Outstanding 70.29M 69.02M

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $43.03M $41.47M $33.69M
YoY Change 6.71% -3.78% -35.46%
Cash & Equivalents $43.03M $41.47M $33.69M
Short-Term Investments
Other Short-Term Assets $42.26M $40.31M $41.41M
YoY Change -4.75% 5.79% -5.03%
Inventory $667.7M $612.8M $609.8M
Prepaid Expenses
Receivables $149.2M $164.2M $145.3M
Other Receivables $14.64M $1.137M $4.284M
Total Short-Term Assets $916.8M $859.9M $834.5M
YoY Change 22.2% 17.89% 13.18%
LONG-TERM ASSETS
Property, Plant & Equipment $336.4M $334.2M $341.5M
YoY Change -5.45% -7.23% -8.17%
Goodwill $649.1M $644.9M $644.9M
YoY Change 0.63% 0.02% 0.02%
Intangibles $1.921B $1.922B $1.927B
YoY Change -2.08% -2.23% -2.24%
Long-Term Investments
YoY Change
Other Assets $7.171M $7.081M $6.916M
YoY Change 28.1% 20.86% 16.27%
Total Long-Term Assets $3.000B $2.979B $2.994B
YoY Change -0.37% -1.07% -1.19%
TOTAL ASSETS
Total Short-Term Assets $916.8M $859.9M $834.5M
Total Long-Term Assets $3.000B $2.979B $2.994B
Total Assets $3.917B $3.839B $3.829B
YoY Change 4.13% 2.62% 1.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $164.1M $152.3M $129.9M
YoY Change 37.25% 21.69% 2.63%
Accrued Expenses $65.63M $47.72M $66.90M
YoY Change 12.92% 17.64% -13.63%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.034M
YoY Change
Total Short-Term Liabilities $280.1M $248.3M $244.3M
YoY Change 28.23% 19.64% -0.56%
LONG-TERM LIABILITIES
Long-Term Debt $2.292B $2.281B $2.268B
YoY Change -1.45% -2.09% -2.84%
Other Long-Term Liabilities $30.98M $30.61M $30.00M
YoY Change -19.89% -23.51% -22.84%
Total Long-Term Liabilities $2.323B $2.312B $2.298B
YoY Change -1.75% -2.46% -3.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $280.1M $248.3M $244.3M
Total Long-Term Liabilities $2.323B $2.312B $2.298B
Total Liabilities $2.977B $2.925B $2.908B
YoY Change 1.95% 0.85% -0.93%
SHAREHOLDERS EQUITY
Retained Earnings $929.0M $928.7M $934.2M
YoY Change 6.47% 6.05% 7.77%
Common Stock $30.35M $689.0K $4.232M
YoY Change 4583.49% 6.33% 558.16%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $940.2M $914.0M $920.3M
YoY Change
Total Liabilities & Shareholders Equity $3.917B $3.839B $3.829B
YoY Change 4.13% 2.62% 1.62%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $256.0K $23.66M -$4.813M
YoY Change -98.96% -11.99% -139.54%
Depreciation, Depletion And Amortization $20.47M $19.83M $21.63M
YoY Change 1.21% -2.3% 25.76%
Cash From Operating Activities -$4.104M $25.23M $81.09M
YoY Change -110.27% -3.03% 64.82%
INVESTING ACTIVITIES
Capital Expenditures -$6.071M $7.129M -$11.90M
YoY Change -24.24% -39.51% 16.69%
Acquisitions
YoY Change
Other Investing Activities -$27.17M $10.31M $105.0K
YoY Change -21664.29% -100.02%
Cash From Investing Activities -$33.24M $3.181M -$11.80M
YoY Change 316.2% -127.08% -97.85%
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 39.22M -20.76M -62.71M
YoY Change -211.8% -11.49% -112.66%
NET CHANGE
Cash From Operating Activities -4.104M 25.23M 81.09M
Cash From Investing Activities -33.24M 3.181M -11.80M
Cash From Financing Activities 39.22M -20.76M -62.71M
Net Change In Cash 1.873M 7.780M 6.584M
YoY Change -160.4% -185.93% -234.37%
FREE CASH FLOW
Cash From Operating Activities -$4.104M $25.23M $81.09M
Capital Expenditures -$6.071M $7.129M -$11.90M
Free Cash Flow $1.967M $18.10M $92.99M
YoY Change -95.9% 27.17% 56.56%

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3896000
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CY2021Q3 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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<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>
us-gaap Fiscal Period
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<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_Yhd5CC3kkkqsxX3rnpp0gw;"><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>
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P371D
CY2021 bgs Number Of Weeks In Fiscal Quarter
NumberOfWeeksInFiscalQuarter
P98D
CY2022Q1 us-gaap Inventory Raw Materials Net Of Reserves
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InventoryWorkInProcessNetOfReserves
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CY2022Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
145102000
CY2022Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
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CY2022Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
369893000
us-gaap Finance Lease Interest Expense
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CY2022Q3 us-gaap Inventory Net
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CY2022Q1 us-gaap Inventory Net
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us-gaap Use Of Estimates
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<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>
CY2022Q3 us-gaap Inventory Raw Materials Net Of Reserves
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FiniteLivedIntangibleAssetsAccumulatedAmortization
182368000
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
235826000
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
CY2022Q3 us-gaap Goodwill
Goodwill
649105000
CY2022Q1 us-gaap Goodwill
Goodwill
644871000
CY2022Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5400000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
10600000
CY2021Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5400000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
10800000
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
10800000
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
21600000
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
21500000
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
20800000
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
16000000.0
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0
CY2022Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
15012000
CY2022Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2309125000
CY2022Q3 us-gaap Interest Payable Current
InterestPayableCurrent
21100000
CY2022Q1 us-gaap Interest Payable Current
InterestPayableCurrent
20700000
CY2022Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
16805000
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
0
CY2021Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
0
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
0
CY2022Q3 bgs Finance Lease Cost
FinanceLeaseCost
117000
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
1087500000
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
671625000
CY2022Q3 bgs Long Term Debt Maturities Repayments Of Principal After Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour
550000000
CY2022Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
0
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0
CY2022Q3 bgs Number Of Company Sponsored Defined Benefit Pension Plans
NumberOfCompanySponsoredDefinedBenefitPensionPlans
4
bgs Percentage Of Employees Covered By Defined Benefit Pension Plans
PercentageOfEmployeesCoveredByDefinedBenefitPensionPlans
0.27
bgs Number Of Defined Benefit Pension Plans Sponsored By Company For Union Employees
NumberOfDefinedBenefitPensionPlansSponsoredByCompanyForUnionEmployees
3
bgs Number Of Defined Benefit Pension Plans Sponsored By Company For Salaried And Certain Hourly Employees
NumberOfDefinedBenefitPensionPlansSponsoredByCompanyForSalariedAndCertainHourlyEmployees
1
CY2022Q3 bgs Number Of Company Sponsored Defined Benefit Pension Plans
NumberOfCompanySponsoredDefinedBenefitPensionPlans
4
CY2022Q3 bgs Number Of Company Sponsored Defined Benefit Pension Plans
NumberOfCompanySponsoredDefinedBenefitPensionPlans
4
CY2022Q3 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
2192000
CY2021Q3 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
2603000
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
4488000
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
5229000
CY2022Q3 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
1365000
CY2021Q3 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
1208000
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
2736000
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
2433000
CY2022Q3 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
3236000
CY2021Q3 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
2727000
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
6473000
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
5484000
CY2022Q3 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-26000
CY2021Q3 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-403000
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-54000
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-845000
CY2022Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
347000
CY2021Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
1487000
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
805000
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
3023000
us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
0
us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
2500000
CY2022Q3 us-gaap Defined Benefit Plan Expected Future Employer Contributions Remainder Of Fiscal Year
DefinedBenefitPlanExpectedFutureEmployerContributionsRemainderOfFiscalYear
2500000
us-gaap Multiemployer Plan Employer Contribution Cost
MultiemployerPlanEmployerContributionCost
300000
CY2022Q3 bgs Multiemployer Plan Period Contributions Percentage Maximum
MultiemployerPlanPeriodContributionsPercentageMaximum
0.05
us-gaap Multiemployer Plan Employer Contribution Cost
MultiemployerPlanEmployerContributionCost
0
bgs Defined Benefit Plan Expected Withdrawal Liability Payout Period
DefinedBenefitPlanExpectedWithdrawalLiabilityPayoutPeriod
P20Y
bgs Defined Benefit Plan Withdrawal Liability Annual Installments
DefinedBenefitPlanWithdrawalLiabilityAnnualInstallments
900000
CY2022Q3 bgs Defined Benefit Plan Expected Withdrawal Liability Amount
DefinedBenefitPlanExpectedWithdrawalLiabilityAmount
13700000
CY2022Q3 bgs Right Of Use Asset
RightOfUseAsset
76650000
CY2022Q1 bgs Right Of Use Asset
RightOfUseAsset
65166000
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
15222000
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
73230000
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
65166000
CY2022Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
3420000
CY2022Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
12420000
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
58459000
CY2022Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
55607000
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
73681000
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
68027000
CY2022Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1034000
CY2022Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
2320000
CY2022Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
3354000
us-gaap Lessee Operating Lease Existence Of Option To Extend
LesseeOperatingLeaseExistenceOfOptionToExtend
true
us-gaap Lessee Operating Lease Existence Of Option To Terminate
LesseeOperatingLeaseExistenceOfOptionToTerminate
true
bgs Lessee Operating Lease Terminate Term
LesseeOperatingLeaseTerminateTerm
P1Y
CY2022Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
4273000
CY2021Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
3073000
us-gaap Operating Lease Payments
OperatingLeasePayments
8194000
us-gaap Operating Lease Payments
OperatingLeasePayments
6423000
CY2022Q3 bgs Operating Lease Cost Cost Of Goods Sold
OperatingLeaseCostCostOfGoodsSold
2595000
CY2021Q3 bgs Operating Lease Cost Cost Of Goods Sold
OperatingLeaseCostCostOfGoodsSold
1158000
bgs Operating Lease Cost Cost Of Goods Sold
OperatingLeaseCostCostOfGoodsSold
4849000
bgs Operating Lease Cost Cost Of Goods Sold
OperatingLeaseCostCostOfGoodsSold
2342000
CY2022Q3 bgs Operating Lease Cost Selling General And Administrative Expenses
OperatingLeaseCostSellingGeneralAndAdministrativeExpenses
1718000
CY2021Q3 bgs Operating Lease Cost Selling General And Administrative Expenses
OperatingLeaseCostSellingGeneralAndAdministrativeExpenses
2231000
bgs Operating Lease Cost Selling General And Administrative Expenses
OperatingLeaseCostSellingGeneralAndAdministrativeExpenses
3324000
bgs Operating Lease Cost Selling General And Administrative Expenses
OperatingLeaseCostSellingGeneralAndAdministrativeExpenses
4205000
CY2022Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
4313000
CY2021Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
3389000
us-gaap Operating Lease Cost
OperatingLeaseCost
8173000
us-gaap Operating Lease Cost
OperatingLeaseCost
6547000
CY2022Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
109000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
109000
CY2022Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
8000
CY2022Q3 bgs Operating Lease And Finance Lease Liability To Be Paid Year Three
OperatingLeaseAndFinanceLeaseLiabilityToBePaidYearThree
14251000
bgs Finance Lease Cost
FinanceLeaseCost
117000
CY2022Q3 us-gaap Lease Cost
LeaseCost
4430000
CY2021Q3 us-gaap Lease Cost
LeaseCost
3389000
us-gaap Lease Cost
LeaseCost
8290000
us-gaap Lease Cost
LeaseCost
6547000
CY2022Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
4600000
CY2022Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
4300000
us-gaap Operating Lease Expense
OperatingLeaseExpense
9100000
us-gaap Operating Lease Cost
OperatingLeaseCost
8200000
CY2021Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
4100000
CY2021Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
3400000
us-gaap Operating Lease Expense
OperatingLeaseExpense
8100000
us-gaap Operating Lease Cost
OperatingLeaseCost
6500000
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y8M12D
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y6M
CY2022Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y2M12D
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0254
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0261
CY2022Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0230
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
8592000
CY2022Q3 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
549000
CY2022Q3 bgs Operating And Finance Lease Liability To Be Paid Remainder Of Fiscal Year
OperatingAndFinanceLeaseLiabilityToBePaidRemainderOfFiscalYear
9141000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
15942000
CY2022Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
1099000
CY2022Q3 bgs Operating Lease And Finance Lease Liability To Be Paid Year One
OperatingLeaseAndFinanceLeaseLiabilityToBePaidYearOne
17041000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
14201000
CY2022Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
1099000
CY2022Q3 bgs Operating Lease And Finance Lease Liability To Be Paid Year Two
OperatingLeaseAndFinanceLeaseLiabilityToBePaidYearTwo
15300000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
13519000
CY2022Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
732000
CY2022Q3 bgs Operating And Finance Lease Liability Undiscounted Excess Amount
OperatingAndFinanceLeaseLiabilityUndiscountedExcessAmount
5449000
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
73681000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
10112000
CY2022Q3 bgs Operating Lease And Finance Lease Liability To Be Paid Year Four
OperatingLeaseAndFinanceLeaseLiabilityToBePaidYearFour
10112000
CY2022Q3 bgs Lessee Operating Lease Liability Payments Due Year Four Thereafter
LesseeOperatingLeaseLiabilityPaymentsDueYearFourThereafter
16639000
CY2022Q3 bgs Operating Lease And Finance Lease Liability To Be Paid After Year Four
OperatingLeaseAndFinanceLeaseLiabilityToBePaidAfterYearFour
16639000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
79005000
CY2022Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
3479000
CY2022Q3 bgs Operating Lease And Finance Lease Liability To Be Paid
OperatingLeaseAndFinanceLeaseLiabilityToBePaid
82484000
CY2022Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
5324000
CY2022Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
125000
CY2022Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
3354000
CY2022Q3 bgs Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
77035000
CY2022Q3 bgs Number Of Employee
NumberOfEmployee
3096
CY2022Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
721427
CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
498963
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
69903828
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
64776532
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
69266967
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
64679761
CY2022Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
382505
CY2021Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
633312
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
384638
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
630019
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
70286333
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65409844
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
69651605
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65309780
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
3.73
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
6.48
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.3953
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y6M
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.030
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.085
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1158000
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1402000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2248000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2125000
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
478965000
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
464375000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1011372000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
969509000
bgs Percentage Of Specific Brand Sale To Total Sales
PercentageOfSpecificBrandSaleToTotalSales
0.03
bgs Percentage Of Specific Brand Sale To Total Sales
PercentageOfSpecificBrandSaleToTotalSales
0.03

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