2015 Q2 Form 10-Q Financial Statement
#000119312515202728 Filed on May 28, 2015
Income Statement
Concept | 2015 Q2 | 2015 Q1 | 2014 Q2 |
---|---|---|---|
Revenue | $1.146B | $877.3M | $1.154B |
YoY Change | -0.68% | 2.04% | |
Cost Of Revenue | $585.9M | $453.8M | $595.9M |
YoY Change | -1.68% | 1.81% | |
Gross Profit | $560.1M | $423.6M | $558.0M |
YoY Change | 0.38% | 2.29% | |
Gross Profit Margin | 48.87% | 48.28% | 48.36% |
Selling, General & Admin | $423.8M | $315.8M | $420.5M |
YoY Change | 0.78% | 2.59% | |
% of Gross Profit | 75.67% | 74.56% | 75.36% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $39.80M | $30.30M | $39.30M |
YoY Change | 1.27% | 14.91% | |
% of Gross Profit | 7.11% | 7.15% | 7.04% |
Operating Expenses | $463.6M | $361.4M | $459.8M |
YoY Change | 0.83% | 3.51% | |
Operating Profit | $96.50M | $62.17M | $98.20M |
YoY Change | -1.73% | -3.06% | |
Interest Expense | -$1.600M | -$1.000M | -$3.200M |
YoY Change | -50.0% | -30.43% | |
% of Operating Profit | -1.66% | -1.61% | -3.26% |
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | $95.00M | $40.40M | $95.00M |
YoY Change | 0.0% | -34.66% | |
Income Tax | $33.60M | $12.40M | $34.00M |
% Of Pretax Income | 35.37% | 30.69% | 35.79% |
Net Earnings | $61.40M | $28.01M | $61.10M |
YoY Change | 0.49% | -45.45% | |
Net Earnings / Revenue | 5.36% | 3.19% | 5.3% |
Basic Earnings Per Share | $0.13 | ||
Diluted Earnings Per Share | $288.7K | $0.13 | $287.1K |
COMMON SHARES | |||
Basic Shares Outstanding | 210.1M shares | 209.4M shares | 209.2M shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2015 Q2 | 2015 Q1 | 2014 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $8.000M | $7.500M | $8.800M |
YoY Change | -9.09% | -38.03% | |
Cash & Equivalents | $7.966M | $7.523M | $8.801M |
Short-Term Investments | |||
Other Short-Term Assets | $40.22M | $43.15M | $29.07M |
YoY Change | 38.37% | -3.53% | |
Inventory | $98.82M | $93.10M | $96.82M |
Prepaid Expenses | $17.43M | ||
Receivables | $258.2M | $235.9M | $268.8M |
Other Receivables | $0.00 | $8.900M | $0.00 |
Total Short-Term Assets | $489.7M | $460.6M | $477.7M |
YoY Change | 2.51% | -5.33% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $789.7M | $807.5M | $840.3M |
YoY Change | -6.02% | 16.66% | |
Goodwill | $283.0M | $283.0M | $280.1M |
YoY Change | 1.01% | 3.69% | |
Intangibles | $646.4M | $645.0M | $653.1M |
YoY Change | -1.03% | 37.19% | |
Long-Term Investments | |||
YoY Change | |||
Other Assets | $11.93M | $12.01M | $14.42M |
YoY Change | -17.24% | -3.56% | |
Total Long-Term Assets | $1.933B | $1.948B | $1.999B |
YoY Change | -3.32% | 20.74% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $489.7M | $460.6M | $477.7M |
Total Long-Term Assets | $1.933B | $1.948B | $1.999B |
Total Assets | $2.423B | $2.409B | $2.477B |
YoY Change | -2.19% | 14.65% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $172.1M | $142.6M | $157.3M |
YoY Change | 9.41% | 3.32% | |
Accrued Expenses | $129.1M | $109.8M | $136.8M |
YoY Change | -5.63% | -3.66% | |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $15.70M | $0.00 |
YoY Change | |||
Long-Term Debt Due | $34.50M | $34.50M | $30.70M |
YoY Change | 12.38% | -19.52% | |
Total Short-Term Liabilities | $352.9M | $315.6M | $325.2M |
YoY Change | 8.52% | -2.15% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $671.3M | $728.9M | $811.0M |
YoY Change | -17.23% | 35.05% | |
Other Long-Term Liabilities | $53.44M | $53.70M | $49.78M |
YoY Change | 7.34% | -1.75% | |
Total Long-Term Liabilities | $240.5M | $241.4M | $203.7M |
YoY Change | 18.06% | -27.64% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $352.9M | $315.6M | $325.2M |
Total Long-Term Liabilities | $240.5M | $241.4M | $203.7M |
Total Liabilities | $593.4M | $557.0M | $528.9M |
YoY Change | 12.2% | -13.84% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $841.8M | $809.1M | $772.7M |
YoY Change | 8.93% | 12.19% | |
Common Stock | $614.4M | $614.1M | $597.5M |
YoY Change | 2.82% | 3.44% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $197.9M | $202.1M | $189.0M |
YoY Change | 4.71% | -4.97% | |
Treasury Stock Shares | 18.65M shares | 19.38M shares | 19.49M shares |
Shareholders Equity | $1.158B | $1.123B | $1.137B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $2.423B | $2.409B | $2.477B |
YoY Change | -2.19% | 14.65% |
Cashflow Statement
Concept | 2015 Q2 | 2015 Q1 | 2014 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $61.40M | $28.01M | $61.10M |
YoY Change | 0.49% | -45.45% | |
Depreciation, Depletion And Amortization | $39.80M | $30.30M | $39.30M |
YoY Change | 1.27% | 14.91% | |
Cash From Operating Activities | $118.4M | $93.80M | $121.8M |
YoY Change | -2.79% | 40.32% | |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$25.00M | -$25.20M | -$23.60M |
YoY Change | 5.93% | 4.42% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$300.0K | $22.20M | $9.700M |
YoY Change | -103.09% | -113.9% | |
Cash From Investing Activities | -$25.30M | -$3.000M | -$13.90M |
YoY Change | 82.01% | -84.94% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -92.60M | -91.30M | -107.7M |
YoY Change | -14.02% | -1756.92% | |
NET CHANGE | |||
Cash From Operating Activities | 118.4M | 93.80M | 121.8M |
Cash From Investing Activities | -25.30M | -3.000M | -13.90M |
Cash From Financing Activities | -92.60M | -91.30M | -107.7M |
Net Change In Cash | 500.0K | -500.0K | 200.0K |
YoY Change | 150.0% | -80.0% | |
FREE CASH FLOW | |||
Cash From Operating Activities | $118.4M | $93.80M | $121.8M |
Capital Expenditures | -$25.00M | -$25.20M | -$23.60M |
Free Cash Flow | $143.4M | $119.0M | $145.4M |
YoY Change | -1.38% | 32.91% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2013Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-62515000 | |
CY2013Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
8530000 | |
CY2015Q2 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
210077492 | shares |
CY2014Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-43976000 | |
CY2014Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
8801000 | |
CY2015Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
228729585 | shares |
CY2015Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
500000000 | shares |
CY2015Q2 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
18652093 | shares |
CY2015Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.010 | |
CY2015Q2 | us-gaap |
Senior Long Term Notes
SeniorLongTermNotes
|
399334000 | |
CY2015Q2 | us-gaap |
Secured Debt
SecuredDebt
|
0 | |
CY2015Q2 | us-gaap |
Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal After Year Five
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalAfterYearFive
|
421493000 | |
CY2015Q2 | us-gaap |
Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Two
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearTwo
|
71937000 | |
CY2015Q2 | us-gaap |
Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
|
25922000 | |
CY2015Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
1019388000 | |
CY2015Q2 | us-gaap |
Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
|
16200000 | |
CY2015Q2 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
352908000 | |
CY2015Q2 | us-gaap |
Capital Lease Obligations
CapitalLeaseObligations
|
21453000 | |
CY2015Q2 | us-gaap |
Bank Overdrafts
BankOverdrafts
|
11600000 | |
CY2015Q2 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
671339000 | |
CY2015Q2 | us-gaap |
Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Five
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFive
|
6776000 | |
CY2015Q2 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
240493000 | |
CY2015Q2 | us-gaap |
Common Stock Value
CommonStockValue
|
199000 | |
CY2015Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-100118000 | |
CY2015Q2 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
172092000 | |
CY2015Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
841772000 | |
CY2015Q2 | us-gaap |
Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Three
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearThree
|
116935000 | |
CY2015Q2 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
99370000 | |
CY2015Q2 | us-gaap |
Cash Flow Hedge Derivative Instrument Liabilities At Fair Value
CashFlowHedgeDerivativeInstrumentLiabilitiesAtFairValue
|
20947000 | |
CY2015Q2 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
614193000 | |
CY2015Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1158112000 | |
CY2015Q2 | us-gaap |
Pension And Other Postretirement Defined Benefit Plans Current Liabilities
PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities
|
1089000 | |
CY2015Q2 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
53438000 | |
CY2015Q2 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
146345000 | |
CY2015Q2 | us-gaap |
Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
|
34471000 | |
CY2015Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
2422852000 | |
CY2015Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
64701000 | |
CY2015Q2 | us-gaap |
Other Notes Payable
OtherNotesPayable
|
18723000 | |
CY2015Q2 | us-gaap |
Line Of Credit
LineOfCredit
|
3800000 | |
CY2015Q2 | us-gaap |
Price Risk Cash Flow Hedge Liability At Fair Value
PriceRiskCashFlowHedgeLiabilityAtFairValue
|
20900000 | |
CY2015Q2 | us-gaap |
Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
|
87685000 | |
CY2015Q2 | us-gaap |
Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Four
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFour
|
64690000 | |
CY2015Q2 | us-gaap |
Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
|
707753000 | |
CY2015Q2 | us-gaap |
Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
|
705810000 | |
CY2015Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
2761000 | |
CY2015Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
7966000 | |
CY2015Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
10682000 | |
CY2015Q2 | us-gaap |
Goodwill
Goodwill
|
282960000 | |
CY2015Q2 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
35643000 | |
CY2015Q2 | us-gaap |
Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
|
20416000 | |
CY2015Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
789661000 | |
CY2015Q2 | us-gaap |
Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
|
455000000 | |
CY2015Q2 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
191394000 | |
CY2015Q2 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
42403000 | |
CY2015Q2 | us-gaap |
Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
|
164280000 | |
CY2015Q2 | us-gaap |
Notes Receivable Net
NotesReceivableNet
|
184696000 | |
CY2015Q2 | us-gaap |
Cash Flow Hedge Derivative Instrument Assets At Fair Value
CashFlowHedgeDerivativeInstrumentAssetsAtFairValue
|
0 | |
CY2015Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
|
10553000 | |
CY2015Q2 | us-gaap |
Other Inventory Supplies
OtherInventorySupplies
|
20778000 | |
CY2015Q2 | us-gaap |
Assets
Assets
|
2422852000 | |
CY2015Q2 | us-gaap |
Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
|
37930000 | |
CY2015Q2 | us-gaap |
Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
|
29465000 | |
CY2015Q2 | us-gaap |
Disposal Group Including Discontinued Operation Assets Noncurrent
DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent
|
37930000 | |
CY2015Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
11302000 | |
CY2015Q2 | us-gaap |
Inventory Net
InventoryNet
|
98824000 | |
CY2015Q2 | us-gaap |
Price Risk Cash Flow Hedge Derivative At Fair Value Net
PriceRiskCashFlowHedgeDerivativeAtFairValueNet
|
-20900000 | |
CY2015Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
|
85869000 | |
CY2015Q2 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
646394000 | |
CY2015Q2 | us-gaap |
Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
|
929354000 | |
CY2015Q2 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
40219000 | |
CY2015Q2 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
11933000 | |
CY2015Q2 | us-gaap |
Supplies
Supplies
|
54971000 | |
CY2015Q2 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
197934000 | |
CY2015Q2 | us-gaap |
Assets Current
AssetsCurrent
|
489694000 | |
CY2015Q2 | us-gaap |
Accounts Notes And Loans Receivable Net Current
AccountsNotesAndLoansReceivableNetCurrent
|
258249000 | |
CY2015Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
|
8119000 | |
CY2015Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
10830000 | |
CY2015Q2 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
256095000 | |
CY2015Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
228729585 | shares |
CY2015Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
500000000 | shares |
CY2015Q1 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
19382272 | shares |
CY2015Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2015Q1 | us-gaap |
Senior Long Term Notes
SeniorLongTermNotes
|
399304000 | |
CY2015Q1 | us-gaap |
Secured Debt
SecuredDebt
|
0 | |
CY2015Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
985168000 | |
CY2015Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
315553000 | |
CY2015Q1 | us-gaap |
Capital Lease Obligations
CapitalLeaseObligations
|
22526000 | |
CY2015Q1 | us-gaap |
Bank Overdrafts
BankOverdrafts
|
15700000 | |
CY2015Q1 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
728940000 | |
CY2015Q1 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
241437000 | |
CY2015Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
199000 | |
CY2015Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-98020000 | |
CY2015Q1 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
142643000 | |
CY2015Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
809068000 | |
CY2015Q1 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
94153000 | |
CY2015Q1 | us-gaap |
Cash Flow Hedge Derivative Instrument Liabilities At Fair Value
CashFlowHedgeDerivativeInstrumentLiabilitiesAtFairValue
|
16253000 | |
CY2015Q1 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
613859000 | |
CY2015Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1123044000 | |
CY2015Q1 | us-gaap |
Pension And Other Postretirement Defined Benefit Plans Current Liabilities
PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities
|
1089000 | |
CY2015Q1 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
12011000 | |
CY2015Q1 | us-gaap |
Supplies
Supplies
|
54058000 | |
CY2015Q1 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
53695000 | |
CY2015Q1 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
138414000 | |
CY2015Q1 | us-gaap |
Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
|
34496000 | |
CY2015Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
2408974000 | |
CY2015Q1 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
61126000 | |
CY2015Q1 | us-gaap |
Other Notes Payable
OtherNotesPayable
|
18606000 | |
CY2015Q1 | us-gaap |
Line Of Credit
LineOfCredit
|
53000000 | |
CY2015Q1 | us-gaap |
Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
|
93589000 | |
CY2015Q1 | us-gaap |
Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
|
763436000 | |
CY2015Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
2723000 | |
CY2015Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
7523000 | |
CY2015Q1 | us-gaap |
Goodwill
Goodwill
|
282960000 | |
CY2015Q1 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
33579000 | |
CY2015Q1 | us-gaap |
Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
|
20283000 | |
CY2015Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
807458000 | |
CY2015Q1 | us-gaap |
Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
|
455000000 | |
CY2015Q1 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
189969000 | |
CY2015Q1 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
39930000 | |
CY2015Q1 | us-gaap |
Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
|
161905000 | |
CY2015Q1 | us-gaap |
Notes Receivable Net
NotesReceivableNet
|
182188000 | |
CY2015Q1 | us-gaap |
Cash Flow Hedge Derivative Instrument Assets At Fair Value
CashFlowHedgeDerivativeInstrumentAssetsAtFairValue
|
0 | |
CY2015Q1 | us-gaap |
Other Inventory Supplies
OtherInventorySupplies
|
19591000 | |
CY2015Q1 | us-gaap |
Assets
Assets
|
2408974000 | |
CY2015Q1 | us-gaap |
Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
|
39108000 | |
CY2015Q1 | us-gaap |
Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
|
26823000 | |
CY2015Q1 | us-gaap |
Disposal Group Including Discontinued Operation Assets Noncurrent
DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent
|
39108000 | |
CY2015Q1 | us-gaap |
Inventory Net
InventoryNet
|
93100000 | |
CY2015Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
|
86612000 | |
CY2015Q1 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
644969000 | |
CY2015Q1 | us-gaap |
Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
|
927929000 | |
CY2015Q1 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
43148000 | |
CY2015Q1 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
202062000 | |
CY2015Q1 | us-gaap |
Assets Current
AssetsCurrent
|
460563000 | |
CY2015Q1 | us-gaap |
Accounts Notes And Loans Receivable Net Current
AccountsNotesAndLoansReceivableNetCurrent
|
235911000 | |
CY2015Q1 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
251095000 | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.357 | pure | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.29 | ||
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
3675000 | shares | |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
121821000 | ||
us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.1125 | ||
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
9459000 | ||
us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
-4917000 | ||
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
4434000 | ||
us-gaap |
Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
|
15302000 | ||
us-gaap |
Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
|
437463000 | ||
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
564000 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
23580000 | ||
us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
761000 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
61066000 | ||
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
5952000 | ||
us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
6000000 | ||
us-gaap |
Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
|
3071000 | ||
us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
18373000 | ||
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
5483000 | ||
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
212806000 | shares | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.29 | ||
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
0 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
209131000 | shares | |
us-gaap |
Payments To Acquire Assets Investing Activities
PaymentsToAcquireAssetsInvestingActivities
|
8472000 | ||
us-gaap |
Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
|
-89000 | ||
us-gaap |
Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
|
22801000 | ||
us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
1153917000 | ||
us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
15302000 | ||
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
18539000 | ||
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-8933000 | ||
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-3374000 | ||
us-gaap |
Increase Decrease In Derivative Assets
IncreaseDecreaseInDerivativeAssets
|
-23673000 | ||
us-gaap |
Pension Contributions
PensionContributions
|
5029000 | ||
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
23956000 | ||
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
98201000 | ||
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
79605000 | ||
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
95029000 | ||
us-gaap |
Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions
|
1333000 | ||
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
39292000 | ||
us-gaap |
Interest Expense
InterestExpense
|
9124000 | ||
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
420547000 | ||
us-gaap |
Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
4178000 | ||
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
1020000 | ||
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
3600000 | ||
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
271000 | ||
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
33963000 | ||
us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
|
-3071000 | ||
us-gaap |
Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
|
-1770000 | ||
us-gaap |
Proceeds From Issuance Of Long Term Debt And Capital Securities Net
ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet
|
356300000 | ||
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
3928000 | ||
us-gaap |
Cost Of Goods Sold Excluding Depreciation Depletion And Amortization
CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization
|
595877000 | ||
us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
8400000 | ||
us-gaap |
Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
|
6725000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-107651000 | ||
us-gaap |
Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
|
-5128000 | ||
us-gaap |
Inventory Write Down
InventoryWriteDown
|
656000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-13899000 | ||
us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
-166000 | ||
us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
|
-255000 | ||
us-gaap |
Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
|
-3092000 | ||
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
5083000 | ||
us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
-3237000 | ||
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
5784000 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
5483000 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
4627000 | ||
flo |
Payments To Acquire Business Refundable Consideration
PaymentsToAcquireBusinessRefundableConsideration
|
7500000 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.29 | ||
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
FLOWERS FOODS INC | ||
dei |
Trading Symbol
TradingSymbol
|
FLO | ||
us-gaap |
Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
|
<div> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; WIDOWS: 1; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"> <b>2. ACCOUNTING PRONOUNCEMENTS NOT YET ADOPTED</b></p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; WIDOWS: 1; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px"> In May 2014, the FASB issued guidance for recognizing revenue in contracts with customers. This guidance requires entities to recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. There are five steps outlined in the guidance to achieve this core principle. The company is still analyzing the potential impact of this guidance on the company’s Condensed Consolidated Financial Statements. This guidance will be effective for our fiscal 2017, which begins on January 1, 2017.</p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; WIDOWS: 1; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px"> In June 2014, the FASB issued guidance that requires performance targets for a share-based payment award that affects vesting and that could be achieved after the requisite service period is treated as a performance condition. The performance condition should not be reflected in the grant date fair value of the award. Compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the period for which the requisite service has already been rendered. The company already applies the standards proscribed in this guidance therefore it will not have an impact on the Condensed Consolidated Financial Statements. This guidance is effective for annual periods and interim periods within those annual periods beginning after December 15, 2015, which is our fiscal 2016.</p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; WIDOWS: 1; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px"> In August 2014, the FASB issued guidance related to management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern by incorporating and expanding upon certain principles that are currently in U.S. auditing standards and to provide related footnote disclosures. This guidance is effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. The requirements of this guidance are not expected to have a significant impact on the Condensed Consolidated Financial Statements.</p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; WIDOWS: 1; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px"> In January 2015, the FASB issued guidance that eliminates the concept of extraordinary items from GAAP. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. A reporting entity may apply the amendments prospectively. A reporting entity also may apply the amendments retrospectively to all prior periods presented in the financial statements. Early adoption is permitted provided that the guidance is applied from the beginning of the fiscal year of adoption. The requirements of this guidance are not expected to have a significant impact on the Condensed Consolidated Financial Statements.</p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; WIDOWS: 1; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px"> In February 2015, the FASB issued guidance that focuses on the consolidation evaluation for reporting organizations that are required to evaluate whether they should consolidate certain legal entities. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. A reporting entity may apply the amendments using a modified retrospective approach by recording a cumulative-effect adjustment to equity as of the beginning of the fiscal year of adoption. A reporting entity also may apply the amendments retrospectively. Early adoption is permitted, including adoption in an interim period. If an entity early adopts the amendments in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. The company is still analyzing the potential impact of this guidance on the company’s Condensed Consolidated Financial Statements.</p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; WIDOWS: 1; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px"> In April 2015, the FASB issued guidance to simplify the presentation of debt issuance costs. This guidance requires that debt issuance costs related to a recognized debt liability be present in the balance sheet as a direct reduction from the carrying amount of that debt liability, consistent with debt discount presentation. This guidance is effective for financial statements for fiscal years beginning after December 15, 2015, and interim periods within those years. This guidance is applied on a retrospective basis at adoption and the disclosures for a change in an accounting principle apply. Earlier application is permitted. The requirements for this guidance are not expected to have a significant impact on the Condensed Consolidated Financial Statements.</p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; WIDOWS: 1; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px"> In April 2015, the FASB issued guidance to provide a practical expedient permitting applicable entities to measure defined benefit plan assets and obligations using the month-end that is closest to the entity’s fiscal year-end and apply that practical expedient consistently from year to year. This guidance is effective for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. Earlier application is permitted. The company is still analyzing the potential impact of this guidance on the company’s Condensed Consolidated Financial Statements.</p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; WIDOWS: 1; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px"> In April 2015, the FASB issued guidance to customers about whether a cloud computing arrangement includes a software license. If a cloud computing arrangement includes a software license, then the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. This guidance is effective for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. Earlier application is permitted. The company is still analyzing the potential impact of this guidance on the company’s Condensed Consolidated Financial Statements.</p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; WIDOWS: 1; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px"> We have reviewed other recently issued accounting pronouncements and concluded that they are either not applicable to our business or that no material effect is expected as a result of future adoption.</p> </div> | ||
us-gaap |
Loss Contingency New Claims Filed Number
LossContingencyNewClaimsFiledNumber
|
4 | Lawsuits | |
dei |
Entity Filer Category
EntityFilerCategory
|
Large Accelerated Filer | ||
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.354 | pure | |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
2805000 | shares | |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
118423000 | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2015-04-25 | ||
us-gaap |
Additional Information About Entitys Reportable Segments
AdditionalInformationAboutEntitysReportableSegments
|
SEGMENTS — Flowers Foods currently operates two business segments: a direct-store-delivery (“DSD”) segment (“DSD Segment”) and a warehouse delivery segment (“Warehouse Segment”). The DSD Segment (84% of total sales) operates 38 bakeries that market a wide variety of fresh bakery foods, including fresh breads, buns, rolls, tortillas, and snack cakes. These products are sold through a DSD route delivery system to retail and foodservice customers throughout the Northeast, South, Southern Midwest, Southwest, and California. The Warehouse Segment (16% of total sales) operates eight bakeries that produce snack cakes, breads and rolls for national retail, foodservice, vending, and co-pack customers, which are delivered through customers’ warehouse channels and one bakery mix plant | ||
us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.1325 | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--01-02 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2015 | ||
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
212718000 | shares | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.29 | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001128928 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | ||
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
0 | shares | |
us-gaap |
Loss Contingency Disclosures
LossContingencyDisclosures
|
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b>10. LITIGATION</b></p> <!-- xbrl,body --> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> The company and its subsidiaries from time to time are parties to, or targets of, lawsuits, claims, investigations and proceedings, which are being handled and defended in the ordinary course of business. While the company is unable to predict the outcome of these matters, it believes, based upon currently available facts, that it is remote that the ultimate resolution of any such pending matters will have a material adverse effect on its overall financial condition, results of operations or cash flows in the future. However, adverse developments could negatively impact earnings in a particular future fiscal period.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> The company’s facilities are subject to various federal, state and local laws and regulations regarding the discharge of material into the environment and the protection of the environment in other ways. The company is not a party to any material proceedings arising under these regulations. The company believes that compliance with existing environmental laws and regulations will not materially affect the consolidated financial condition, results of operations, cash flows or the competitive position of the company. The company believes it is currently in substantial compliance with all material environmental regulations affecting the company and its properties.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> On September 12, 2012, a complaint was filed in the U.S. District Court for the Western District of North Carolina (Charlotte Division) by Scott Rehberg, Willard Allen Riley and Mario Ronchetti against the company and its subsidiary, Flowers Baking Company of Jamestown, LLC. Plaintiffs are or were distributors of our Jamestown subsidiary who contend they were misclassified as independent contractors. The action sought class certification on behalf of a class comprised of independent distributors of our Jamestown subsidiary who are classified as independent contractors. In March 2013, the court conditionally certified the class action for claims under the Fair Labor Standards Act (“FLSA”). On March 23, 2015, the court re-affirmed its FLSA certification decision and also certified claims under state law.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> At this time, the company is also aware of four other complaints alleging misclassification claims that have been filed in four other jurisdictions. The company and/or its respective subsidiaries are vigorously defending these lawsuits. Given the stage of the complaints and the claims and issues presented, the company cannot reasonably estimate at this time the possible loss or range of loss, if any, that may arise from the unresolved lawsuits.</p> </div> | ||
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | Segment | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
209913000 | shares | |
us-gaap |
Payments To Acquire Assets Investing Activities
PaymentsToAcquireAssetsInvestingActivities
|
9120000 | ||
us-gaap |
Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
|
-89000 | ||
us-gaap |
Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
|
22686000 | ||
us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
1146045000 | ||
us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
-4428000 | ||
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-2098000 | ||
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-4936000 | ||
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
6101000 | ||
us-gaap |
Increase Decrease In Derivative Assets
IncreaseDecreaseInDerivativeAssets
|
6205000 | ||
us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
2082000 | ||
us-gaap |
Pension Contributions
PensionContributions
|
2500000 | ||
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
28685000 | ||
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
96538000 | ||
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
59291000 | ||
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
94956000 | ||
us-gaap |
Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions
|
610000 | ||
us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
5000000 | ||
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
6858000 | ||
us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
-2504000 | ||
us-gaap |
Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
|
-4428000 | ||
us-gaap |
Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
|
430900000 | ||
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
483000 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
19983000 | ||
us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
226000 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
61389000 | ||
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
6777000 | ||
us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
6800000 | ||
us-gaap |
Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
|
1587000 | ||
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
7198000 | ||
us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
-2841000 | ||
us-gaap |
Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet
|
2040000 | ||
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
7289000 | ||
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
3888000 | ||
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
39817000 | ||
us-gaap |
Interest Expense
InterestExpense
|
8359000 | ||
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
423774000 | ||
us-gaap |
Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
2040000 | ||
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
481000 | ||
us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
6858000 | ||
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
3600000 | ||
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
443000 | ||
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
33567000 | ||
us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
|
-1587000 | ||
us-gaap |
Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
|
-4044000 | ||
us-gaap |
Proceeds From Issuance Of Long Term Debt And Capital Securities Net
ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet
|
374200000 | ||
us-gaap |
Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
|
7847000 | ||
us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
27826000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-92648000 | ||
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
924000 | ||
us-gaap |
Cost Of Goods Sold Excluding Depreciation Depletion And Amortization
CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization
|
585916000 | ||
us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
8500000 | ||
us-gaap |
Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
|
6808000 | ||
us-gaap |
Inventory Write Down
InventoryWriteDown
|
377000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-25332000 | ||
us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
-743000 | ||
us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
|
-832000 | ||
us-gaap |
Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
|
-1871000 | ||
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
2082000 | ||
us-gaap |
Defined Benefit Plans Estimated Future Employer Contributions In Current Fiscal Year
DefinedBenefitPlansEstimatedFutureEmployerContributionsInCurrentFiscalYear
|
7500000 | ||
us-gaap |
Dividends Share Based Compensation
DividendsShareBasedCompensation
|
859000 | ||
us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
-2330000 | ||
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
30523000 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
7289000 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
2054000 | ||
us-gaap |
Debt Issuance Costs
DebtIssuanceCosts
|
300000 | ||
flo |
Number Of Independent Distributors
NumberOfIndependentDistributors
|
3720 | Distributor | |
CY2014Q3 | us-gaap |
Defined Contribution Plan Number Of Employees Covered
DefinedContributionPlanNumberOfEmployeesCovered
|
2500 | Employee |
CY2014Q3 | flo |
Defined Benefit Plan Benefit Obligation Period Increase Decrease Percentage
DefinedBenefitPlanBenefitObligationPeriodIncreaseDecreasePercentage
|
0.10 | pure |
CY2015 | us-gaap |
Unrealized Gain Loss On Interest Rate Cash Flow Hedges Pretax Accumulated Other Comprehensive Income Loss
UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss
|
3100000 |