$FLO
FLOWERS FOODS INC

2015 Q4 Form 10-Q Financial Statement

#000156459015010429 Filed on November 12, 2015

View on sec.gov

Income Statement

Concept 2015 Q4 2014 Q4
Revenue $885.3M $844.9M
YoY Change 4.78% -3.34%
Cost Of Revenue $464.0M $443.0M
YoY Change 4.76% -5.31%
Gross Profit $421.3M $402.0M
YoY Change 4.8% -1.08%
Gross Profit Margin 47.58% 47.57%
Selling, General & Admin $322.1M $302.1M
YoY Change 6.63% -6.52%
% of Gross Profit 76.46% 75.15%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $29.42M $29.49M
YoY Change -0.23% -1.17%
% of Gross Profit 6.98% 7.34%
Operating Expenses $351.6M $302.1M
YoY Change 16.39% -6.52%
Operating Profit $69.75M $70.38M
YoY Change -0.9% 31.98%
Interest Expense $5.992M $6.285M
YoY Change -4.66% -11.19%
% of Operating Profit 8.59% 8.93%
Other Income/Expense, Net
YoY Change
Pretax Income $68.87M $68.97M
YoY Change -0.14% 37.51%
Income Tax $25.08M $24.37M
% Of Pretax Income 36.41% 35.34%
Net Earnings $43.80M $44.60M
YoY Change -1.8% 31.61%
Net Earnings / Revenue 4.95% 5.28%
Basic Earnings Per Share $0.21 $0.21
Diluted Earnings Per Share $0.21 $0.21
COMMON SHARES
Basic Shares Outstanding 210.8M 210.1M
Diluted Shares Outstanding 213.3M 213.2M

Balance Sheet

Concept 2015 Q4 2014 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.800M $8.100M
YoY Change 8.64% -24.3%
Cash & Equivalents $8.780M $8.075M
Short-Term Investments
Other Short-Term Assets $70.30M $56.75M
YoY Change 23.87% 28.08%
Inventory $166.4M $97.85M
Prepaid Expenses
Receivables $267.8M $251.3M
Other Receivables $0.00 $0.00
Total Short-Term Assets $513.3M $505.1M
YoY Change 1.63% 3.62%
LONG-TERM ASSETS
Property, Plant & Equipment $784.6M $822.0M
YoY Change -4.54% -5.2%
Goodwill $283.0M
YoY Change 0.2%
Intangibles $647.7M
YoY Change -1.38%
Long-Term Investments
YoY Change
Other Assets $46.10M $12.30M
YoY Change 274.89% -4.63%
Total Long-Term Assets $2.239B $1.972B
YoY Change 13.53% -2.21%
TOTAL ASSETS
Total Short-Term Assets $513.3M $505.1M
Total Long-Term Assets $2.239B $1.972B
Total Assets $2.752B $2.477B
YoY Change 11.1% -1.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $183.9M $147.7M
YoY Change 24.51% -2.79%
Accrued Expenses $133.2M $130.3M
YoY Change 2.23% -4.75%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $53.50M $35.70M
YoY Change 49.86% 53.88%
Total Short-Term Liabilities $381.9M $336.1M
YoY Change 13.63% 2.53%
LONG-TERM LIABILITIES
Long-Term Debt $843.6M $781.0M
YoY Change 8.02% -13.56%
Other Long-Term Liabilities $123.5M $55.84M
YoY Change 121.19% 9.05%
Total Long-Term Liabilities $967.1M $199.0M
YoY Change 386.1% -4.15%
TOTAL LIABILITIES
Total Short-Term Liabilities $381.9M $336.1M
Total Long-Term Liabilities $967.1M $199.0M
Total Liabilities $1.524B $535.0M
YoY Change 184.8% -0.06%
SHAREHOLDERS EQUITY
Retained Earnings $808.9M
YoY Change 9.96%
Common Stock $609.4M
YoY Change 2.66%
Preferred Stock
YoY Change
Treasury Stock (at cost) $187.3M
YoY Change -1.69%
Treasury Stock Shares 18.80M shares
Shareholders Equity $1.228B $1.161B
YoY Change
Total Liabilities & Shareholders Equity $2.752B $2.477B
YoY Change 11.1% -1.07%

Cashflow Statement

Concept 2015 Q4 2014 Q4
OPERATING ACTIVITIES
Net Income $43.80M $44.60M
YoY Change -1.8% 31.61%
Depreciation, Depletion And Amortization $29.42M $29.49M
YoY Change -0.23% -1.17%
Cash From Operating Activities $64.60M $47.30M
YoY Change 36.58% 5.82%
INVESTING ACTIVITIES
Capital Expenditures -$20.70M -$13.60M
YoY Change 52.21% -46.67%
Acquisitions
YoY Change
Other Investing Activities -$279.0M $14.20M
YoY Change -2064.79% -104.21%
Cash From Investing Activities -$299.7M $600.0K
YoY Change -50050.0% -100.17%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 197.3M -48.40M
YoY Change -507.64% -115.28%
NET CHANGE
Cash From Operating Activities 64.60M 47.30M
Cash From Investing Activities -299.7M 600.0K
Cash From Financing Activities 197.3M -48.40M
Net Change In Cash -37.80M -500.0K
YoY Change 7460.0% -64.29%
FREE CASH FLOW
Cash From Operating Activities $64.60M $47.30M
Capital Expenditures -$20.70M -$13.60M
Free Cash Flow $85.30M $60.90M
YoY Change 40.07% -13.25%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Other Accrued Liabilities
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us-gaap Increase Decrease In Other Accrued Liabilities
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Proceeds From Sale Of Property Plant And Equipment
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us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<div> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">2. RECENT ACCOUNTING PRONOUNCEMENTS NOT YET ADOPTED</p> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">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. This guidance was originally effective January 1, 2017 the first day of our fiscal 2017.&nbsp;&nbsp;In July 2015, the FASB issued a deferral for one year making the effective date December 31, 2017, the first day of our fiscal 2018.&nbsp;&nbsp;Early application is permitted but not before January 1, 2017.&nbsp;&nbsp;The standard permits the use of either the modified retrospective or cumulative effect transition method.&nbsp;&nbsp;We are in the process of determining the effect this guidance will have on our Condensed Consolidated Financial Statements and which transition method we will apply.&nbsp;&nbsp;</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In April 2015, the FASB issued guidance to simplify the presentation of debt issuance costs.&nbsp;&nbsp;This guidance requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct reduction from the carrying amount of that debt liability, consistent with debt discount presentation.&nbsp;&nbsp;This guidance is effective for financial statements for fiscal years beginning after December 15, 2015, and interim periods within those years.&nbsp;&nbsp;This guidance is applied on a retrospective basis at adoption and the disclosures for a change in an accounting principle apply.&nbsp;&nbsp;Earlier application is permitted.&nbsp;&nbsp;Based on the balances as of October 10, 2015, the adoption of this guidance will require us to reclassify $4.0 million of unamortized debt issuance costs from other long term assets to long term debt.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">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&#8217;s fiscal year-end and apply that practical expedient consistently from year to year.&nbsp;&nbsp;This guidance is effective for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years.&nbsp;&nbsp;Earlier application is permitted.&nbsp;&nbsp;The company does not anticipate this guidance having a material impact on our Condensed Consolidated Financial Statements.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In May 2015, the FASB issued guidance to remove the requirement to categorize within the fair value hierarchy all investments for which fair value is measured using the net asset value per share expedient.&nbsp;&nbsp;The amendments also remove the requirement to make certain disclosures for all investments that are eligible to be measured at fair value using the net asset value per share practical expedient.&nbsp;&nbsp;These disclosures are limited to investments for which the entity has elected to measure the fair value using that practical expedient.&nbsp;&nbsp;This guidance is effective for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years.&nbsp;&nbsp;These are to be applied retrospectively to all periods presented.&nbsp;&nbsp;Earlier adoption is permitted.&nbsp;&nbsp;The company is still analyzing the potential impact of this guidance on the company&#8217;s Condensed Consolidated Financial Statements.&nbsp;&nbsp;</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In July 2015, the FASB issued guidance that entities should measure inventory at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation.&nbsp;&nbsp;This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December&#160;15, 2016. This guidance shall be applied prospectively with earlier application permitted as of the beginning of an interim or annual reporting period.&nbsp;&nbsp;The company is still analyzing the potential impact of this guidance on the company&#8217;s Condensed Consolidated Financial Statements.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In September 2015, the FASB issued guidance that entities that have reported provisional amounts for items in a business combination for which the accounting is incomplete by the end of the reporting period in which the combination occurs and during the measurement period have an adjustment to provisional amounts recognized.&nbsp;&nbsp;This update requires that an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined.&nbsp;&nbsp;This update also requires that an entity present separately on the face of the income statement or disclose in the notes the portion of the amount recorded in current-period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized as of the acquisition date.&nbsp;&nbsp;This guidance is effective for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years.&nbsp;&nbsp;This is applied prospectively to adjustments to provisional amounts that occur after the effective date of the guidance.&nbsp;&nbsp;The potential impact of the guidance on the company&#8217;s Condensed Consolidated Financial Statements will only be known after a measurement period adjustment for an acquisition is recognized.&nbsp;&nbsp;There will be a potential impact as long as our purchase price allocation remains preliminary at the end of the reporting period.&nbsp;&nbsp;</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">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> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9pt;">&nbsp;</p></div>
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us-gaap Additional Information About Entitys Reportable Segments
AdditionalInformationAboutEntitysReportableSegments
SEGMENTS — Flowers Foods currently operates two business segments: a direct-store-delivery segment (“DSD Segment”) and a warehouse delivery segment (“Warehouse Segment”). The DSD Segment (84% of total year to date sales) currently operates 39 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 in the Southeast, Mid-Atlantic, New England, Southwest, California and select markets in Nevada, the Midwest and the Pacific Northwest. The Warehouse Segment (16% of total year to date sales) currently operates ten bakeries that produce snack cakes, breads and rolls for national retail, foodservice, vending, and co-pack customers and deliver through customers’ warehouse channels. The Warehouse Segment also operates one baking ingredient mix facility.
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
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us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-62515000
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-10028000
CY2014Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-69759000
CY2015Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
365625000
CY2015Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
455000000
CY2015Q4 us-gaap Intangible Assets Net Including Goodwill
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1245841000
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
142256000
CY2015Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
435345000
CY2015Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
69720000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
9644000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
9041000
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
4640000
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
19619000
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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18829000
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
18228000
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
17870000
flo Number Of Independent Distributors
NumberOfIndependentDistributors
3700
CY2015Q4 us-gaap Senior Long Term Notes
SeniorLongTermNotes
399378000
CY2015Q4 us-gaap Price Risk Cash Flow Hedge Asset At Fair Value
PriceRiskCashFlowHedgeAssetAtFairValue
665000
CY2015Q4 us-gaap Price Risk Cash Flow Hedge Liability At Fair Value
PriceRiskCashFlowHedgeLiabilityAtFairValue
11730000
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CY2012Q1 us-gaap Unrealized Gain Loss On Interest Rate Cash Flow Hedges Pretax Accumulated Other Comprehensive Income Loss
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3100000
CY2015Q4 us-gaap Cash Flow Hedge Derivative Instrument Assets At Fair Value
CashFlowHedgeDerivativeInstrumentAssetsAtFairValue
665000
CY2015Q4 us-gaap Cash Flow Hedge Derivative Instrument Liabilities At Fair Value
CashFlowHedgeDerivativeInstrumentLiabilitiesAtFairValue
11730000
CY2015Q1 us-gaap Cash Flow Hedge Derivative Instrument Liabilities At Fair Value
CashFlowHedgeDerivativeInstrumentLiabilitiesAtFairValue
16253000
CY2015Q4 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
1096000
us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
3934000
CY2014Q4 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
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us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
2369000
CY2015Q4 us-gaap Gain Loss On Cash Flow Hedge Ineffectiveness Net
GainLossOnCashFlowHedgeIneffectivenessNet
0
us-gaap Gain Loss On Cash Flow Hedge Ineffectiveness Net
GainLossOnCashFlowHedgeIneffectivenessNet
0
CY2015Q4 us-gaap Line Of Credit
LineOfCredit
40000000
CY2015Q1 us-gaap Line Of Credit
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CY2015Q4 us-gaap Unsecured Debt
UnsecuredDebt
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CY2015Q1 us-gaap Unsecured Debt
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270000000
CY2015Q1 us-gaap Senior Long Term Notes
SeniorLongTermNotes
399304000
CY2015Q4 us-gaap Secured Debt
SecuredDebt
170000000
CY2015Q4 us-gaap Capital Lease Obligations
CapitalLeaseObligations
21330000
CY2015Q1 us-gaap Capital Lease Obligations
CapitalLeaseObligations
22526000
CY2015Q4 us-gaap Other Notes Payable
OtherNotesPayable
18900000
CY2015Q1 us-gaap Other Notes Payable
OtherNotesPayable
18606000
CY2015Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
897108000
CY2015Q1 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
763436000
CY2015Q4 us-gaap Bank Overdrafts
BankOverdrafts
4800000
CY2015Q1 us-gaap Bank Overdrafts
BankOverdrafts
15700000
CY2015Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
8541000
CY2015Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Two
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearTwo
74437000
CY2015Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Three
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearThree
294193000
CY2015Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Four
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFour
69690000
CY2015Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Five
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFive
47976000
CY2015Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal After Year Five
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalAfterYearFive
403993000
CY2015Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
898830000
us-gaap Loss Contingency New Claims Filed Number
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10
CY2015Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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2468000
CY2014Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3070000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2603000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3432000
CY2015Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2014Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions
7282000
us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions
3871000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
23366000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
13995000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Period Increase Decrease
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsPeriodIncreaseDecrease
48069
flo Percentage Of Change In Grants Maximum
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0.88
CY2015Q4 us-gaap Share Based Compensation
ShareBasedCompensation
2483000
CY2014Q4 us-gaap Share Based Compensation
ShareBasedCompensation
3712000
CY2015Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
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1089000
CY2015Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
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1089000
CY2015Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
84755000
CY2015Q1 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
86612000
CY2014Q3 us-gaap Defined Contribution Plan Number Of Employees Covered
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2500
CY2014Q3 flo Defined Benefit Plan Benefit Obligation Period Increase Decrease Percentage
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0.10
us-gaap Defined Benefit Plans Estimated Future Employer Contributions In Current Fiscal Year
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0
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
20500000
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
20100000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.354
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.351
CY2015Q3 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
1500000
CY2015Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
34277000
CY2015Q1 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
39108000

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