$FLO
FLOWERS FOODS INC

2018 Q3 Form 10-Q Financial Statement

#000156459018020485 Filed on August 08, 2018

View on sec.gov

Income Statement

Concept 2018 Q3 2017 Q3
Revenue $941.3M $926.6M
YoY Change 1.58% -0.9%
Cost Of Revenue $488.9M $468.2M
YoY Change 4.4% -2.03%
Gross Profit $452.4M $458.4M
YoY Change -1.3% 0.29%
Gross Profit Margin 48.06% 49.47%
Selling, General & Admin $360.4M $355.5M
YoY Change 1.36% 5.07%
% of Gross Profit 79.65% 77.56%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $35.10M $34.13M
YoY Change 2.84% 4.69%
% of Gross Profit 7.76% 7.45%
Operating Expenses $360.4M $355.5M
YoY Change 1.36% 5.07%
Operating Profit $52.26M $68.72M
YoY Change -23.95% -15.61%
Interest Expense $8.214M $8.436M
YoY Change -2.63% 10.29%
% of Operating Profit 15.72% 12.28%
Other Income/Expense, Net -$700.0K $1.400M
YoY Change -150.0%
Pretax Income $49.80M $66.90M
YoY Change -25.56% -14.7%
Income Tax $4.300M $22.10M
% Of Pretax Income 8.63% 33.03%
Net Earnings $45.44M $44.74M
YoY Change 1.57% -12.54%
Net Earnings / Revenue 4.83% 4.83%
Basic Earnings Per Share $0.22 $0.21
Diluted Earnings Per Share $0.21 $0.21
COMMON SHARES
Basic Shares Outstanding 211.0M 209.5M
Diluted Shares Outstanding 211.5M 210.3M

Balance Sheet

Concept 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $29.60M $7.200M
YoY Change 311.11% -37.93%
Cash & Equivalents $29.55M $7.179M
Short-Term Investments
Other Short-Term Assets $56.00M $25.70M
YoY Change 117.88% -28.41%
Inventory $115.5M $167.9M
Prepaid Expenses $16.40M
Receivables $307.1M $288.4M
Other Receivables $20.20M $0.00
Total Short-Term Assets $570.9M $489.3M
YoY Change 16.68% -4.49%
LONG-TERM ASSETS
Property, Plant & Equipment $716.3M $741.9M
YoY Change -3.45% -4.66%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $3.300M
YoY Change
Other Assets $30.10M $35.50M
YoY Change -15.21% 362.72%
Total Long-Term Assets $2.146B $2.232B
YoY Change -3.85% -3.17%
TOTAL ASSETS
Total Short-Term Assets $570.9M $489.3M
Total Long-Term Assets $2.146B $2.232B
Total Assets $2.717B $2.722B
YoY Change -0.16% -3.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $242.4M $173.5M
YoY Change 39.71% -3.22%
Accrued Expenses $128.4M $172.3M
YoY Change -25.48% 17.05%
Deferred Revenue
YoY Change
Short-Term Debt $9.000M $0.00
YoY Change
Long-Term Debt Due $9.700M $12.10M
YoY Change -19.83% -90.72%
Total Short-Term Liabilities $411.3M $358.0M
YoY Change 14.89% -23.85%
LONG-TERM LIABILITIES
Long-Term Debt $816.1M $834.9M
YoY Change -2.25% -6.8%
Other Long-Term Liabilities $79.40M $111.0M
YoY Change -28.47% 156.0%
Total Long-Term Liabilities $895.5M $945.9M
YoY Change -5.33% 2081.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $411.3M $358.0M
Total Long-Term Liabilities $895.5M $945.9M
Total Liabilities $1.419B $1.457B
YoY Change -2.59% 183.78%
SHAREHOLDERS EQUITY
Retained Earnings $960.9M
YoY Change
Common Stock $651.1M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $231.8M
YoY Change
Treasury Stock Shares $17.85M
Shareholders Equity $1.298B $1.265B
YoY Change
Total Liabilities & Shareholders Equity $2.717B $2.722B
YoY Change -0.16% -3.41%

Cashflow Statement

Concept 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income $45.44M $44.74M
YoY Change 1.57% -12.54%
Depreciation, Depletion And Amortization $35.10M $34.13M
YoY Change 2.84% 4.69%
Cash From Operating Activities $51.50M $97.00M
YoY Change -46.91% 32.51%
INVESTING ACTIVITIES
Capital Expenditures -$22.90M -$14.40M
YoY Change 59.03% -19.1%
Acquisitions
YoY Change
Other Investing Activities $1.400M -$6.100M
YoY Change -122.95% -290.62%
Cash From Investing Activities -$21.60M -$20.60M
YoY Change 4.85% 41.1%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -34.60M -75.70M
YoY Change -54.29% 29.62%
NET CHANGE
Cash From Operating Activities 51.50M 97.00M
Cash From Investing Activities -21.60M -20.60M
Cash From Financing Activities -34.60M -75.70M
Net Change In Cash -4.700M 700.0K
YoY Change -771.43% 250.0%
FREE CASH FLOW
Cash From Operating Activities $51.50M $97.00M
Capital Expenditures -$22.90M -$14.40M
Free Cash Flow $74.40M $111.4M
YoY Change -33.21% 22.42%

Facts In Submission

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us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1781000
us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
5329000
us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
-2821000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
3597000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
2896000
us-gaap Pension Contributions
PensionContributions
40000000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
27755000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
19272000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
5625000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2718000
us-gaap Increase Decrease In Derivative Assets
IncreaseDecreaseInDerivativeAssets
2366000
us-gaap Increase Decrease In Derivative Assets
IncreaseDecreaseInDerivativeAssets
-1216000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
8629000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-3108000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
60396000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
4503000
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-39473000
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
18798000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
148623000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
172967000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
49534000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
31919000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1290000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1312000
us-gaap Payments To Acquire Assets Investing Activities
PaymentsToAcquireAssetsInvestingActivities
1585000
us-gaap Payments To Acquire Assets Investing Activities
PaymentsToAcquireAssetsInvestingActivities
4687000
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
14354000
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
12506000
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
14632000
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
13284000
us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
41230000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-506000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-1068000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-49045000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
7782000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
74288000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
69601000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
791000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
6416000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2489000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2671000
us-gaap Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
3333000
us-gaap Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
-6024000
us-gaap Proceeds From Issuance Of Long Term Debt And Capital Securities Net
ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet
1000000
us-gaap Proceeds From Issuance Of Long Term Debt And Capital Securities Net
ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet
446900000
us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
3500000
us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
555000000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-75153000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-179980000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
24425000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
769000
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
6410000
CY2017Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
7179000
us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="text-align:justify;margin-top:12pt;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%;">ESTIMATES &#8212; The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The company believes the following critical accounting estimates affect its more significant judgments and estimates used in the preparation of its consolidated financial statements: revenue recognition, derivative instruments, valuation of long-lived assets, goodwill and other intangible assets, self-insurance reserves, income tax expense and accruals, pension obligations, stock-based compensation, and commitments and contingencies. These estimates are summarized in the Form 10-K.</p></div>
CY2018Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
1799000
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 year to date sales) currently operates 39 plants that produce 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 East, South, Southwest, California, and select markets in the Midwest, Pacific Northwest, Nevada, and Colorado. The Warehouse Segment (16% of total year to date sales) currently operates eight plants that produce snack cakes, breads and rolls for national retail, foodservice, vending, and co-pack customers and deliver through customers’ warehouse channels
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2017Q2 flo Number Of Business Units
NumberOfBusinessUnits
2
CY2017Q2 flo Implementation Expected Period
ImplementationExpectedPeriod
2019
flo Tax Cuts And Jobs Act Of2017 Reclassification From Aoci To Retained Earnings
TaxCutsAndJobsActOf2017ReclassificationFromAociToRetainedEarnings
18800000
CY2017 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
95000000
CY2018Q3 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
801000
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
2060000
CY2018Q3 flo Project Centennial Implementation Costs
ProjectCentennialImplementationCosts
2215000
flo Project Centennial Implementation Costs
ProjectCentennialImplementationCosts
8647000
CY2018Q3 flo Project Centennial Restructuring And Implementation Costs
ProjectCentennialRestructuringAndImplementationCosts
3016000
flo Project Centennial Restructuring And Implementation Costs
ProjectCentennialRestructuringAndImplementationCosts
10707000
CY2017Q4 us-gaap Restructuring Reserve
RestructuringReserve
25490000
flo Employee Restructure Liability Settlement Related Gain Loss
EmployeeRestructureLiabilitySettlementRelatedGainLoss
2060000
us-gaap Payments For Restructuring
PaymentsForRestructuring
27200000
CY2018Q3 us-gaap Restructuring Reserve
RestructuringReserve
350000
CY2017Q1 us-gaap Disposal Date1
DisposalDate1
2017-01-14
CY2017Q1 flo Gross Proceeds From Divestiture Of Business
GrossProceedsFromDivestitureOfBusiness
44000000
CY2017Q1 flo Decrease In Amount By Working Capital Adjustment
DecreaseInAmountByWorkingCapitalAdjustment
2800000
us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
28900000
CY2017Q1 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
41200000
CY2017Q1 flo Cash Consideration Received
CashConsiderationReceived
41230000
CY2017Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
3824000
CY2017Q1 us-gaap Goodwill
Goodwill
801000
CY2017Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Financial Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedFinancialAssets
7730000
CY2017Q1 flo Net Derecognized Amounts Of Identifiable Assets Sold
NetDerecognizedAmountsOfIdentifiableAssetsSold
12355000
CY2017Q1 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
28875000
CY2017Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
1178000
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
6688000
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
2795000
CY2018Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
521900000
CY2018Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
206600000
CY2017Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
206600000
us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
0
CY2018Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
662010000
CY2018Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
140110000
CY2017Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
662010000
CY2017Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
126168000
CY2018Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5975000
CY2017Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6416000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
13942000
CY2018Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
11847000
CY2018Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
25288000
CY2018Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
24795000
CY2018Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
24234000
CY2018Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
23643000
flo Number Of Independent Distributors
NumberOfIndependentDistributors
4350
CY2017 flo Number Of Independent Distributors
NumberOfIndependentDistributors
4000
CY2018Q3 flo Percentage Of Down Payment On Distribution Rights Purchased
PercentageOfDownPaymentOnDistributionRightsPurchased
0.05
CY2018Q3 us-gaap Notes Receivable Net
NotesReceivableNet
229029000
CY2017Q4 us-gaap Notes Receivable Net
NotesReceivableNet
211702000
CY2018Q3 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
25603000
CY2017Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
23965000
CY2018Q3 us-gaap Price Risk Cash Flow Hedge Liability At Fair Value
PriceRiskCashFlowHedgeLiabilityAtFairValue
7865000
CY2018Q3 us-gaap Price Risk Cash Flow Hedge Derivative At Fair Value Net
PriceRiskCashFlowHedgeDerivativeAtFairValueNet
-7865000
CY2017Q4 us-gaap Price Risk Cash Flow Hedge Asset At Fair Value
PriceRiskCashFlowHedgeAssetAtFairValue
291000
CY2017Q4 us-gaap Price Risk Cash Flow Hedge Liability At Fair Value
PriceRiskCashFlowHedgeLiabilityAtFairValue
10886000
CY2017Q4 us-gaap Price Risk Cash Flow Hedge Derivative At Fair Value Net
PriceRiskCashFlowHedgeDerivativeAtFairValueNet
-10595000
CY2016Q3 us-gaap Unrealized Gain Loss On Interest Rate Cash Flow Hedges Pretax Accumulated Other Comprehensive Income Loss
UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss
1000000
CY2016Q3 us-gaap Unrealized Gain Loss On Interest Rate Cash Flow Hedges Pretax Accumulated Other Comprehensive Income Loss
UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss
1000000
CY2012Q1 us-gaap Unrealized Gain Loss On Interest Rate Cash Flow Hedges Pretax Accumulated Other Comprehensive Income Loss
UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss
3100000
CY2017Q4 us-gaap Cash Flow Hedge Derivative Instrument Assets At Fair Value
CashFlowHedgeDerivativeInstrumentAssetsAtFairValue
291000
CY2018Q3 us-gaap Cash Flow Hedge Derivative Instrument Liabilities At Fair Value
CashFlowHedgeDerivativeInstrumentLiabilitiesAtFairValue
7865000
CY2017Q4 us-gaap Cash Flow Hedge Derivative Instrument Liabilities At Fair Value
CashFlowHedgeDerivativeInstrumentLiabilitiesAtFairValue
10886000
CY2018Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
-8809000
CY2017Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
7238000
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
1661000
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
3720000
us-gaap Gain Loss On Cash Flow Hedge Ineffectiveness Net
GainLossOnCashFlowHedgeIneffectivenessNet
0
us-gaap Gain Loss On Cash Flow Hedge Ineffectiveness Net
GainLossOnCashFlowHedgeIneffectivenessNet
0
CY2018Q3 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
18197000
CY2017Q4 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
16324000
CY2018Q3 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0
CY2017Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0
CY2018Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
16395000
CY2017Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
22154000
CY2017Q4 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
259000
CY2018Q3 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
20180000
CY2017Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
10133000
CY2018Q3 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
1224000
CY2017Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
767000
CY2018Q3 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
1470000
CY2017Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
1787000
CY2018Q3 us-gaap Restricted Investments Noncurrent
RestrictedInvestmentsNoncurrent
3295000
CY2017Q4 us-gaap Restricted Investments Noncurrent
RestrictedInvestmentsNoncurrent
3434000
CY2017Q4 flo Idp Notes Receivable
IDPNotesReceivable
2464000
CY2018Q3 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
2341000
CY2017Q4 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
2342000
CY2018Q3 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
160000
CY2017Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
201000
us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
-2500000
CY2018Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
23467000
CY2017Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
15276000
CY2018Q3 flo Voluntary Employee Separation Incentive Plan Liabilities Current
VoluntaryEmployeeSeparationIncentivePlanLiabilitiesCurrent
237000
CY2017Q4 flo Voluntary Employee Separation Incentive Plan Liabilities Current
VoluntaryEmployeeSeparationIncentivePlanLiabilitiesCurrent
25022000
CY2018Q3 us-gaap Accrued Vacation Current
AccruedVacationCurrent
23991000
CY2017Q4 us-gaap Accrued Vacation Current
AccruedVacationCurrent
22638000
CY2018Q3 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
13667000
CY2017Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
29369000
CY2018Q3 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
4741000
CY2017Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
10247000
CY2018Q3 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
31723000
CY2017Q4 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
30052000
CY2018Q3 us-gaap Bank Overdrafts
BankOverdrafts
9032000
CY2017Q4 us-gaap Bank Overdrafts
BankOverdrafts
5699000
CY2018Q3 us-gaap Interest Payable Current
InterestPayableCurrent
9001000
CY2017Q4 us-gaap Interest Payable Current
InterestPayableCurrent
7711000
CY2018Q3 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
12327000
CY2017Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
10943000
CY2018Q3 us-gaap Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
7437000
CY2017Q4 us-gaap Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
6928000
CY2018Q3 flo Accrued Legal Costs Liabilities Current
AccruedLegalCostsLiabilitiesCurrent
5750000
CY2017Q4 flo Accrued Legal Costs Liabilities Current
AccruedLegalCostsLiabilitiesCurrent
7877000
CY2017Q4 us-gaap Multiemployer Plans Withdrawal Obligation
MultiemployerPlansWithdrawalObligation
15223000
CY2018Q3 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
5429000
CY2017Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
4940000
CY2018Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
12438000
CY2017Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
8543000
CY2018Q3 us-gaap Capital Lease Obligations
CapitalLeaseObligations
22557000
CY2017Q4 us-gaap Capital Lease Obligations
CapitalLeaseObligations
27150000
CY2018Q3 us-gaap Other Notes Payable
OtherNotesPayable
9789000
CY2017Q4 us-gaap Other Notes Payable
OtherNotesPayable
12167000
CY2018Q3 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
825832000
CY2017Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
832236000
CY2018Q3 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
5002000
CY2018Q3 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Two
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearTwo
10623000
CY2018Q3 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Three
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearThree
5344000
CY2018Q3 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Four
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFour
3598000
CY2018Q3 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Five
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFive
402101000
CY2018Q3 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal After Year Five
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalAfterYearFive
405889000
CY2018Q3 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
832557000
CY2018Q3 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
810000000
CY2018Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
6725000
CY2018Q3 us-gaap Long Term Debt
LongTermDebt
803275000
CY2017Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
812500000
CY2017Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
7414000
CY2017Q4 us-gaap Long Term Debt
LongTermDebt
805086000
CY2018Q3 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
31700000
CY2017Q4 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
30100000
us-gaap Loss Contingency New Claims Filed Number
LossContingencyNewClaimsFiledNumber
33
CY2018Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
459000
CY2017Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
786000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
487000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
946000
CY2018Q3 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
CY2017Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
804751
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
808200
us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
111000
us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
1477000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
609000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
5215000
CY2018Q3 us-gaap Share Based Compensation
ShareBasedCompensation
2076000
CY2017Q3 us-gaap Share Based Compensation
ShareBasedCompensation
2715000
CY2018Q3 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities
935000
CY2017Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities
935000
CY2018Q3 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
76152000
CY2017Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
78076000
us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlements1
-4668000
CY2018Q1 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.064
CY2018Q2 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.052
us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
10000000
CY2018Q3 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
30000000
CY2018Q3 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
6200000
CY2017Q3 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
6600000
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
13500000
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
15600000
CY2017Q4 us-gaap Multiemployer Plans Withdrawal Obligation
MultiemployerPlansWithdrawalObligation
15200000
flo Multiemployer Plans Withdrawal Obligation Increase Decrease
MultiemployerPlansWithdrawalObligationIncreaseDecrease
2300000
CY2018Q3 flo Multiemployer Plans Transition Payments Payable
MultiemployerPlansTransitionPaymentsPayable
3100000
flo Multiemployer Plans Tax Payments Payable Date
MultiemployerPlansTaxPaymentsPayableDate
2017-11-03
CY2017Q4 flo Multiemployer Plan Withdrawal Liability Of Net Present Value Monthly Payments Period
MultiemployerPlanWithdrawalLiabilityOfNetPresentValueMonthlyPaymentsPeriod
P20Y
flo Payment Of Multiemployer Plans Withdrawal Obligation
PaymentOfMultiemployerPlansWithdrawalObligation
200000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.191
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.351
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2017Q4 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
48200000
CY2018Q3 flo Income Tax Expense Benefit Discrete Tax Item
IncomeTaxExpenseBenefitDiscreteTaxItem
5600000
CY2018Q3 flo Adjustments In Reduction To Federal Income Tax Payable
AdjustmentsInReductionToFederalIncomeTaxPayable
16400000
CY2018Q3 flo Adjustments To Deferred Federal Income Tax Expense Benefit
AdjustmentsToDeferredFederalIncomeTaxExpenseBenefit
10800000

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