$FLO
FLOWERS FOODS INC

2017 Q4 Form 10-Q Financial Statement

#000156459018028078 Filed on November 07, 2018

View on sec.gov

Income Statement

Concept 2017 Q4 2016 Q4
Revenue $873.6M $868.7M
YoY Change 0.56% -1.87%
Cost Of Revenue $456.9M $450.5M
YoY Change 1.43% -2.93%
Gross Profit $416.7M $418.3M
YoY Change -0.37% -0.71%
Gross Profit Margin 47.7% 48.15%
Selling, General & Admin $356.8M $341.5M
YoY Change 4.48% 6.02%
% of Gross Profit 85.62% 81.65%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $33.00M $32.50M
YoY Change 1.54% 10.47%
% of Gross Profit 7.92% 7.77%
Operating Expenses $389.8M $375.9M
YoY Change 3.7% 6.91%
Operating Profit $26.93M $42.36M
YoY Change -36.42% -39.28%
Interest Expense -$2.700M -$4.700M
YoY Change -42.55% -178.44%
% of Operating Profit -10.03% -11.1%
Other Income/Expense, Net -$1.700M
YoY Change
Pretax Income -$56.50M $61.45M
YoY Change -191.94% -10.78%
Income Tax -$22.93M $21.20M
% Of Pretax Income 34.5%
Net Earnings $78.53M $13.04M
YoY Change 502.15% -70.22%
Net Earnings / Revenue 8.99% 1.5%
Basic Earnings Per Share $0.37 $0.06
Diluted Earnings Per Share $0.37 $0.06
COMMON SHARES
Basic Shares Outstanding 207.6M
Diluted Shares Outstanding 209.6M

Balance Sheet

Concept 2017 Q4 2016 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.100M $7.500M
YoY Change -5.33% -14.77%
Cash & Equivalents $5.129M $6.410M
Short-Term Investments
Other Short-Term Assets $49.64M $28.13M
YoY Change 76.47% -59.99%
Inventory $111.0M $110.9M
Prepaid Expenses $22.15M $20.90M
Receivables $294.4M $284.1M
Other Receivables $0.00 $0.00
Total Short-Term Assets $507.2M $476.8M
YoY Change 6.36% -7.1%
LONG-TERM ASSETS
Property, Plant & Equipment $732.0M $781.0M
YoY Change -6.27% -0.46%
Goodwill $464.8M $465.6M
YoY Change -0.17%
Intangibles $898.4M $836.0M
YoY Change 7.47%
Long-Term Investments
YoY Change
Other Assets $10.23M $9.758M
YoY Change 4.82% -78.83%
Total Long-Term Assets $2.153B $2.284B
YoY Change -5.77% 2.02%
TOTAL ASSETS
Total Short-Term Assets $507.2M $476.8M
Total Long-Term Assets $2.153B $2.284B
Total Assets $2.660B $2.761B
YoY Change -3.67% 0.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $181.4M $173.1M
YoY Change 4.79% -5.87%
Accrued Expenses $202.5M $145.4M
YoY Change 39.27% 9.16%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $12.50M $11.70M
YoY Change 6.84% -78.13%
Total Short-Term Liabilities $394.0M $340.6M
YoY Change 15.66% -10.81%
LONG-TERM LIABILITIES
Long-Term Debt $843.6M $980.2M
YoY Change -13.94% 16.19%
Other Long-Term Liabilities $51.87M $48.24M
YoY Change 7.52% -60.94%
Total Long-Term Liabilities $51.87M $48.24M
YoY Change 7.52% -95.01%
TOTAL LIABILITIES
Total Short-Term Liabilities $394.0M $340.6M
Total Long-Term Liabilities $51.87M $48.24M
Total Liabilities $445.8M $388.9M
YoY Change 14.65% -74.48%
SHAREHOLDERS EQUITY
Retained Earnings $919.7M $910.5M
YoY Change 1.0%
Common Stock $651.1M $644.7M
YoY Change 1.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $235.5M $261.8M
YoY Change -10.05%
Treasury Stock Shares $18.20M $20.31M
Shareholders Equity $1.251B $1.210B
YoY Change
Total Liabilities & Shareholders Equity $2.660B $2.761B
YoY Change -3.67% 0.32%

Cashflow Statement

Concept 2017 Q4 2016 Q4
OPERATING ACTIVITIES
Net Income $78.53M $13.04M
YoY Change 502.15% -70.22%
Depreciation, Depletion And Amortization $33.00M $32.50M
YoY Change 1.54% 10.47%
Cash From Operating Activities $51.00M $91.90M
YoY Change -44.5% 42.26%
INVESTING ACTIVITIES
Capital Expenditures -$19.30M -$25.70M
YoY Change -24.9% 24.15%
Acquisitions
YoY Change
Other Investing Activities -$1.300M $6.900M
YoY Change -118.84% -102.47%
Cash From Investing Activities -$20.60M -$18.80M
YoY Change 9.57% -93.73%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -30.60M -77.30M
YoY Change -60.41% -139.18%
NET CHANGE
Cash From Operating Activities 51.00M 91.90M
Cash From Investing Activities -20.60M -18.80M
Cash From Financing Activities -30.60M -77.30M
Net Change In Cash -200.0K -4.200M
YoY Change -95.24% -88.89%
FREE CASH FLOW
Cash From Operating Activities $51.00M $91.90M
Capital Expenditures -$19.30M -$25.70M
Free Cash Flow $70.30M $117.6M
YoY Change -40.22% 37.87%

Facts In Submission

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5866000
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
19007000
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
19102000
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
20961000
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
18923000
us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
41230000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-566000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-1530000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-73412000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-12804000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
112247000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
105207000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
791000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
9296000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2489000
us-gaap Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
3746000
us-gaap Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
-10626000
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
585200000
us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
4750000
us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
686450000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-100000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-100000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-114049000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-210558000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
44598000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
664000
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
6410000
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
7074000
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>
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
flo Employee Restructure Liability Settlement Related Gain Loss
EmployeeRestructureLiabilitySettlementRelatedGainLoss
30898000
us-gaap Payments For Restructuring
PaymentsForRestructuring
1555000
CY2017Q4 us-gaap Restructuring Reserve
RestructuringReserve
29343000
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 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
CY2018Q4 flo Recovery Recognized On Inferior Ingredients
RecoveryRecognizedOnInferiorIngredients
4156000
flo Loss Recovery On Inferior Ingredients
LossRecoveryOnInferiorIngredients
3884000
CY2018Q4 flo Expense Recognized On Inferior Ingredients
ExpenseRecognizedOnInferiorIngredients
2265000
CY2017 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
95000000
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
2557000
CY2018Q4 flo Project Centennial Implementation Costs
ProjectCentennialImplementationCosts
729000
flo Project Centennial Implementation Costs
ProjectCentennialImplementationCosts
9376000
CY2018Q4 flo Project Centennial Restructuring And Implementation Costs
ProjectCentennialRestructuringAndImplementationCosts
1226000
flo Project Centennial Restructuring And Implementation Costs
ProjectCentennialRestructuringAndImplementationCosts
11933000
CY2017Q4 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
100549000
CY2017Q4 flo Project Centennial Implementation Costs
ProjectCentennialImplementationCosts
7050000
CY2017Q4 flo Project Centennial Restructuring And Implementation Costs
ProjectCentennialRestructuringAndImplementationCosts
107599000
CY2017Q4 us-gaap Restructuring Reserve
RestructuringReserve
25490000
flo Employee Restructure Liability Settlement Related Gain Loss
EmployeeRestructureLiabilitySettlementRelatedGainLoss
2383000
us-gaap Payments For Restructuring
PaymentsForRestructuring
27639000
CY2018Q4 us-gaap Restructuring Reserve
RestructuringReserve
234000
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
CY2018Q4 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
1765000
CY2017Q4 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
3025000
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
8453000
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
5820000
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
515924000
CY2017Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
535842000
CY2018Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
206600000
CY2017Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
206600000
CY2018Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
1187301000
CY2017Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
1207219000
us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
0
CY2018Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
662010000
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
146086000
CY2017Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
126168000
CY2018Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5975000
CY2017Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6218000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
19918000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
21190000
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
5892000
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
25288000
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
24795000
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
24234000
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
23643000
CY2017Q4 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
66247000
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
66200000
CY2018Q4 flo Number Of Indefinite Lived Trademark Assets Compared By Fair Value Of Brand And Carrying Value
NumberOfIndefiniteLivedTrademarkAssetsComparedByFairValueOfBrandAndCarryingValue
1
CY2018Q4 flo Number Of Finite Lived Trademark Assets Tested Using Undiscounted Cash Flow Test
NumberOfFiniteLivedTrademarkAssetsTestedUsingUndiscountedCashFlowTest
3
CY2018Q4 flo Number Of Brands Consisted With Impairment Charges
NumberOfBrandsConsistedWithImpairmentCharges
6
CY2018Q4 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P30Y
CY2017Q4 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
18500000
CY2017Q4 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
47747000
flo Number Of Independent Distributors
NumberOfIndependentDistributors
4300
CY2017 flo Number Of Independent Distributors
NumberOfIndependentDistributors
4000
CY2018Q4 flo Percentage Of Down Payment On Distribution Rights Purchased
PercentageOfDownPaymentOnDistributionRightsPurchased
0.05
CY2018Q4 us-gaap Notes Receivable Net
NotesReceivableNet
229380000
CY2017Q4 us-gaap Notes Receivable Net
NotesReceivableNet
211702000
CY2018Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
25804000
CY2017Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
23965000
CY2018Q4 us-gaap Price Risk Cash Flow Hedge Asset At Fair Value
PriceRiskCashFlowHedgeAssetAtFairValue
4489000
CY2018Q4 us-gaap Price Risk Cash Flow Hedge Liability At Fair Value
PriceRiskCashFlowHedgeLiabilityAtFairValue
1796000
CY2018Q4 us-gaap Price Risk Cash Flow Hedge Derivative At Fair Value Net
PriceRiskCashFlowHedgeDerivativeAtFairValueNet
2693000
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
CY2018Q4 us-gaap Cash Flow Hedge Derivative Instrument Assets At Fair Value
CashFlowHedgeDerivativeInstrumentAssetsAtFairValue
4489000
CY2017Q4 us-gaap Cash Flow Hedge Derivative Instrument Assets At Fair Value
CashFlowHedgeDerivativeInstrumentAssetsAtFairValue
291000
CY2018Q4 us-gaap Cash Flow Hedge Derivative Instrument Liabilities At Fair Value
CashFlowHedgeDerivativeInstrumentLiabilitiesAtFairValue
1796000
CY2017Q4 us-gaap Cash Flow Hedge Derivative Instrument Liabilities At Fair Value
CashFlowHedgeDerivativeInstrumentLiabilitiesAtFairValue
10886000
CY2018Q4 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
7394000
CY2017Q4 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
-9652000
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
9055000
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
-5932000
CY2018Q4 us-gaap Gain Loss On Cash Flow Hedge Ineffectiveness Net
GainLossOnCashFlowHedgeIneffectivenessNet
0
us-gaap Gain Loss On Cash Flow Hedge Ineffectiveness Net
GainLossOnCashFlowHedgeIneffectivenessNet
0
CY2017Q4 us-gaap Gain Loss On Cash Flow Hedge Ineffectiveness Net
GainLossOnCashFlowHedgeIneffectivenessNet
0
us-gaap Gain Loss On Cash Flow Hedge Ineffectiveness Net
GainLossOnCashFlowHedgeIneffectivenessNet
0
CY2018Q4 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
7255000
CY2017Q4 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
16324000
CY2018Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0
CY2017Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0
CY2018Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
16436000
CY2017Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
22154000
CY2018Q4 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
3872000
CY2017Q4 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
259000
CY2018Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
9557000
CY2017Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
10133000
CY2018Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
1408000
CY2017Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
767000
CY2018Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
1492000
CY2017Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
1787000
CY2018Q4 us-gaap Restricted Investments Noncurrent
RestrictedInvestmentsNoncurrent
3293000
CY2017Q4 us-gaap Restricted Investments Noncurrent
RestrictedInvestmentsNoncurrent
3434000
CY2017Q4 flo Idp Notes Receivable
IDPNotesReceivable
2464000
CY2018Q4 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
2280000
CY2017Q4 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
2342000
CY2018Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
774000
CY2017Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
201000
us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
-2500000
CY2018Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
23799000
CY2017Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
15276000
CY2018Q4 flo Voluntary Employee Separation Incentive Plan Liabilities Current
VoluntaryEmployeeSeparationIncentivePlanLiabilitiesCurrent
191000
CY2017Q4 flo Voluntary Employee Separation Incentive Plan Liabilities Current
VoluntaryEmployeeSeparationIncentivePlanLiabilitiesCurrent
25022000
CY2018Q4 us-gaap Accrued Vacation Current
AccruedVacationCurrent
23699000
CY2017Q4 us-gaap Accrued Vacation Current
AccruedVacationCurrent
22638000
CY2018Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
7209000
CY2017Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
29369000
CY2018Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
1180000
CY2017Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
10247000
CY2018Q4 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
31140000
CY2017Q4 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
30052000
CY2018Q4 us-gaap Bank Overdrafts
BankOverdrafts
9445000
CY2017Q4 us-gaap Bank Overdrafts
BankOverdrafts
5699000
CY2018Q4 us-gaap Interest Payable Current
InterestPayableCurrent
523000
CY2017Q4 us-gaap Interest Payable Current
InterestPayableCurrent
7711000
CY2018Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
12053000
CY2017Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
10943000
CY2018Q4 us-gaap Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
11877000
CY2017Q4 us-gaap Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
6928000
CY2018Q4 flo Accrued Legal Costs Liabilities Current
AccruedLegalCostsLiabilitiesCurrent
5930000
CY2017Q4 flo Accrued Legal Costs Liabilities Current
AccruedLegalCostsLiabilitiesCurrent
7877000
CY2017Q4 us-gaap Multiemployer Plans Withdrawal Obligation
MultiemployerPlansWithdrawalObligation
15223000
CY2018Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
5326000
CY2017Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
4940000
CY2018Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
11568000
CY2017Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
8543000
CY2018Q4 us-gaap Capital Lease Obligations
CapitalLeaseObligations
23063000
CY2017Q4 us-gaap Capital Lease Obligations
CapitalLeaseObligations
27150000
CY2018Q4 us-gaap Other Notes Payable
OtherNotesPayable
8583000
CY2017Q4 us-gaap Other Notes Payable
OtherNotesPayable
12167000
CY2018Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
825376000
CY2017Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
832236000
CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
2372000
CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Two
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearTwo
10827000
CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Three
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearThree
7026000
CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Four
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFour
3598000
CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Five
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFive
402101000
CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal After Year Five
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalAfterYearFive
405889000
CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
831813000
CY2018Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
808750000
CY2018Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
6437000
CY2018Q4 us-gaap Long Term Debt
LongTermDebt
802313000
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
CY2018Q4 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
35800000
CY2017Q4 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
30100000
us-gaap Loss Contingency New Claims Filed Number
LossContingencyNewClaimsFiledNumber
27
CY2018Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
482000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
458000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
855000
CY2018Q4 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
CY2017Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1682086
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
792136
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
2004000
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
7197000
CY2018Q4 us-gaap Share Based Compensation
ShareBasedCompensation
1442000
CY2017Q4 us-gaap Share Based Compensation
ShareBasedCompensation
3018000
CY2018Q4 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
CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
107292000
CY2017Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
78076000
CY2018Q4 flo Defined Benefit Plan Estimated Future Noncash Settlement Charge
DefinedBenefitPlanEstimatedFutureNoncashSettlementCharge
125000000
us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlements1
-4668000
CY2018Q3 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlements1
-1035000
CY2018Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.0347
CY2018Q1 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.059
CY2018Q2 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.059
CY2018Q3 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.052
CY2018Q4 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
6000000
CY2017Q4 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
6500000
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
19600000
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
22000000
CY2017Q4 us-gaap Multiemployer Plans Withdrawal Obligation
MultiemployerPlansWithdrawalObligation
15200000
flo Multiemployer Plans Withdrawal Obligation Increase Decrease
MultiemployerPlansWithdrawalObligationIncreaseDecrease
2300000
CY2018Q4 flo Multiemployer Plans Transition Payments Payable
MultiemployerPlansTransitionPaymentsPayable
3100000
flo Multiemployer Plans Tax Payments Payable Date
MultiemployerPlansTaxPaymentsPayableDate
2017-11-03
CY2018Q3 flo Adjustments To Deferred Federal Income Tax Expense Benefit
AdjustmentsToDeferredFederalIncomeTaxExpenseBenefit
10800000
flo Adjustments To Provisional Estimate
AdjustmentsToProvisionalEstimate
0
CY2018Q4 us-gaap Restructuring Costs
RestructuringCosts
497000
CY2017Q4 us-gaap Restructuring Costs
RestructuringCosts
100549000
CY2017Q4 flo Multiemployer Plan Withdrawal Liability Of Net Present Value Monthly Payments Period
MultiemployerPlanWithdrawalLiabilityOfNetPresentValueMonthlyPaymentsPeriod
P20Y
flo Payment Of Multiemployer Plans Withdrawal Obligation
PaymentOfMultiemployerPlansWithdrawalObligation
200000
CY2018Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.225
CY2017Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.406
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.201
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.321
CY2018Q4 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2017Q4 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
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
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 Discrete Tax Benefit
AdjustmentsInDiscreteTaxBenefit
16400000
us-gaap Restructuring Costs
RestructuringCosts
2557000
us-gaap Restructuring Costs
RestructuringCosts
100549000

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