2021 Q1 Form 10-K Financial Statement

#000156459021007896 Filed on February 24, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2021 2019 Q4
Revenue $1.023B $4.388B $966.6M
YoY Change 0.0% 4.67%
Cost Of Revenue $521.6M $2.196B $509.1M
YoY Change 0.0% 8.98%
Gross Profit $501.5M $2.192B $457.5M
YoY Change 0.0% 0.26%
Gross Profit Margin 49.02% 49.95% 47.33%
Selling, General & Admin $387.7M $1.693B $362.4M
YoY Change 0.0% 2.64%
% of Gross Profit 77.31% 77.26% 79.21%
Research & Development $4.000M
YoY Change
% of Gross Profit 0.18%
Depreciation & Amortization $31.40M $141.4M $33.20M
YoY Change -0.01% 1.63%
% of Gross Profit 6.26% 6.45% 7.26%
Operating Expenses $419.0M $1.697B $362.4M
YoY Change -7.49% 2.64%
Operating Profit $82.50M $321.5M $58.65M
YoY Change -9.95% 9.73%
Interest Expense -$3.200M $38.79M $8.705M
YoY Change -420.58% 6.42%
% of Operating Profit -3.88% 12.07% 14.84%
Other Income/Expense, Net $400.0K -$108.7M -$500.0K
YoY Change 0.0% -37.5%
Pretax Income $74.60M $200.7M $55.80M
YoY Change 0.01% 9.14%
Income Tax $18.80M $48.39M $12.44M
% Of Pretax Income 25.2% 24.11% 22.3%
Net Earnings $55.82M $152.3M $2.219M
YoY Change 0.01% -89.35%
Net Earnings / Revenue 5.46% 3.47% 0.23%
Basic Earnings Per Share $0.26 $0.72 $0.01
Diluted Earnings Per Share $0.26 $0.72 $0.01
COMMON SHARES
Basic Shares Outstanding 211.7M 211.8M 211.7M
Diluted Shares Outstanding 212.3M 212.0M

Balance Sheet

Concept 2021 Q1 2021 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $307.5M $307.5M $7.000M
YoY Change 0.0% -85.92%
Cash & Equivalents $307.5M $307.5M $11.04M
Short-Term Investments
Other Short-Term Assets $37.39M $35.20M $62.75M
YoY Change 0.0% 45.14%
Inventory $125.2M $193.3M $127.1M
Prepaid Expenses $8.140M $15.38M
Receivables $300.0M $300.0M $299.4M
Other Receivables $2.200M $2.200M $500.0K
Total Short-Term Assets $838.2M $838.2M $553.9M
YoY Change 0.0% 1.87%
LONG-TERM ASSETS
Property, Plant & Equipment $699.4M $1.034B $717.8M
YoY Change 0.0% -3.5%
Goodwill $545.2M $545.2M
YoY Change -0.02%
Intangibles $714.9M $750.2M
YoY Change -21.11%
Long-Term Investments $3.200M $3.200M $3.200M
YoY Change 0.0% -3.03%
Other Assets $9.081M $11.50M $8.236M
YoY Change 0.0% 18.9%
Total Long-Term Assets $2.485B $2.485B $2.624B
YoY Change 0.0% 13.99%
TOTAL ASSETS
Total Short-Term Assets $838.2M $838.2M $553.9M
Total Long-Term Assets $2.485B $2.485B $2.624B
Total Assets $3.323B $3.323B $3.178B
YoY Change 0.0% 11.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $225.9M $225.9M $233.0M
YoY Change 0.0% -3.75%
Accrued Expenses $231.1M $231.1M $192.1M
YoY Change 0.0% 59.95%
Deferred Revenue
YoY Change
Short-Term Debt $16.90M $16.90M $13.70M
YoY Change 0.0% 45.74%
Long-Term Debt Due $1.800M $1.800M $3.730M
YoY Change 0.0% -25.4%
Total Short-Term Liabilities $504.1M $504.1M $528.1M
YoY Change 0.0% 31.92%
LONG-TERM LIABILITIES
Long-Term Debt $960.1M $963.7M $862.8M
YoY Change 0.0% -11.47%
Other Long-Term Liabilities $53.66M $339.0M $44.18M
YoY Change 0.0% -18.91%
Total Long-Term Liabilities $1.014B $1.303B $907.0M
YoY Change 0.0% -11.87%
TOTAL LIABILITIES
Total Short-Term Liabilities $504.1M $504.1M $528.1M
Total Long-Term Liabilities $1.014B $1.303B $907.0M
Total Liabilities $1.518B $1.950B $1.435B
YoY Change 0.0% 0.4%
SHAREHOLDERS EQUITY
Retained Earnings $932.1M $947.0M
YoY Change 0.17%
Common Stock $659.9M $648.7M
YoY Change -0.76%
Preferred Stock
YoY Change
Treasury Stock (at cost) $225.4M $226.3M
YoY Change -2.31%
Treasury Stock Shares $17.13M $17.22M
Shareholders Equity $1.373B $1.373B $1.263B
YoY Change
Total Liabilities & Shareholders Equity $3.323B $3.323B $3.178B
YoY Change 0.0% 11.68%

Cashflow Statement

Concept 2021 Q1 2021 2019 Q4
OPERATING ACTIVITIES
Net Income $55.82M $152.3M $2.219M
YoY Change 0.01% -89.35%
Depreciation, Depletion And Amortization $31.40M $141.4M $33.20M
YoY Change -0.01% 1.63%
Cash From Operating Activities $90.10M $454.5M $70.00M
YoY Change -0.01% -16.17%
INVESTING ACTIVITIES
Capital Expenditures -$29.60M $97.93M -$23.20M
YoY Change 0.03% -9.02%
Acquisitions
YoY Change
Other Investing Activities $8.200M -$190.0K $3.800M
YoY Change -100.79% 245.45%
Cash From Investing Activities -$21.40M -$73.99M -$19.40M
YoY Change -0.01% -20.49%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $783.0K
YoY Change -197.88%
Debt Paid & Issued, Net $392.4M
YoY Change
Cash From Financing Activities -86.90M -84.04M -53.40M
YoY Change 0.05% 37.63%
NET CHANGE
Cash From Operating Activities 90.10M 454.5M 70.00M
Cash From Investing Activities -21.40M -73.99M -19.40M
Cash From Financing Activities -86.90M -84.04M -53.40M
Net Change In Cash -18.20M 296.4M -2.800M
YoY Change -0.02% -113.79%
FREE CASH FLOW
Cash From Operating Activities $90.10M $454.5M $70.00M
Capital Expenditures -$29.60M $97.93M -$23.20M
Free Cash Flow $119.7M $356.5M $93.20M
YoY Change -0.02% -14.5%

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<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Fiscal Year End<span style="font-style:normal;">.    The company operates on a 52-53 week fiscal year ending the Saturday nearest December 31. Fiscal 2020 consisted of 53 weeks.  Fiscal 2019 and Fiscal 2018 consisted of 52 weeks.  Fiscal 2021 will consist of 52 weeks.</span></p>
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44585000
CY2021 flo Non Cash Routes Sold With Deferred Gains
NonCashRoutesSoldWithDeferredGains
207000
CY2018 flo Non Cash Routes Sold With Deferred Gains
NonCashRoutesSoldWithDeferredGains
8770000
CY2019 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
5983000
CY2018 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
901000
CY2018 us-gaap Interest Paid Net
InterestPaidNet
32747000
CY2018 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
40000
CY2018 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
13697000
CY2021 us-gaap Additional Information About Entitys Reportable Segments
AdditionalInformationAboutEntitysReportableSegments
The company has one operating segment based on the nature of products the company sells, intertwined production and distribution model, the internal management structure and information that is regularly reviewed by the chief executive officer (“CEO”), who is the chief operating decision maker, for the purpose of assessing performance and allocating resources.
CY2021 us-gaap Use Of Estimates
UseOfEstimates
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Use of Estimates<span style="font-style:normal;">.    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.</span></p>
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4387991000
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4123974000
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3951852000
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2089000
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2875000
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
2319000
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
2256000
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
4901000
CY2021 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Concentration of Credit Risk<span style="font-style:normal;">.    The company performs periodic credit evaluations and grants credit to customers, who are primarily in the grocery and foodservice markets, and generally does not require collateral. Our top 10 customers in Fiscal 2020, 2019, and 2018 accounted for 53.6%, 51.0% and 50.3% of sales, respectively</span>. Our largest customer’s, Walmart/Sam’s Club, weighted percent of sales for Fiscal 2020, 2019, and 2018 was as follows:</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p> <div> <table border="0" cellpadding="0" cellspacing="0" style="margin:auto;border-collapse:collapse; width:60%;"> <tr> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:70.02%; border-bottom:solid 0.75pt transparent;" valign="bottom"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:2.94%; border-bottom:solid 0.75pt transparent;" valign="bottom"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td colspan="2" style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:26.02%; border-bottom:solid 0.75pt #000000;" valign="bottom"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Percent of Sales</p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%;white-space:nowrap;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> </tr> <tr> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:70.02%;" valign="top"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Fiscal 2020</p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.94%;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000;white-space:nowrap;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:25.02%; border-top:solid 0.75pt #000000;white-space:nowrap;" valign="bottom"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">21.2</p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">%</p></td> </tr> <tr> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:70.02%;" valign="top"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Fiscal 2019</p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.94%;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:25.02%;white-space:nowrap;" valign="bottom"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">21.1</p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">%</p></td> </tr> <tr> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:70.02%;" valign="top"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Fiscal 2018</p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.94%;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:25.02%;white-space:nowrap;" valign="bottom"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">20.3</p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">%</p></td> </tr> </table></div> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p> <p style="text-align:justify;margin-bottom:0pt;margin-top: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;">Walmart/Sam’s Club is the only customer to account for greater than 10% of the company’s sales.</p>
CY2021Q1 us-gaap Deferred Gain On Sale Of Property
DeferredGainOnSaleOfProperty
23900000
CY2019Q4 us-gaap Deferred Gain On Sale Of Property
DeferredGainOnSaleOfProperty
30200000
CY2021 us-gaap Gain Loss On Disposition Of Intangible Assets
GainLossOnDispositionOfIntangibleAssets
5100000
CY2019 us-gaap Gain Loss On Disposition Of Intangible Assets
GainLossOnDispositionOfIntangibleAssets
4100000
CY2018 us-gaap Gain Loss On Disposition Of Intangible Assets
GainLossOnDispositionOfIntangibleAssets
4400000
CY2018Q4 us-gaap Capital Leased Assets Gross
CapitalLeasedAssetsGross
35400000
CY2018Q4 us-gaap Capital Leases Lessee Balance Sheet Assets By Major Class Accumulated Deprecation
CapitalLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedDeprecation
13400000
CY2021 us-gaap Depreciation
Depreciation
103490000
CY2019 us-gaap Depreciation
Depreciation
107891000
CY2018 us-gaap Depreciation
Depreciation
118232000
CY2021Q1 us-gaap Accumulated Capitalized Interest Costs
AccumulatedCapitalizedInterestCosts
0
CY2019Q4 us-gaap Accumulated Capitalized Interest Costs
AccumulatedCapitalizedInterestCosts
0
CY2018Q4 us-gaap Accumulated Capitalized Interest Costs
AccumulatedCapitalizedInterestCosts
0
CY2021 us-gaap Lessee Operating Lease Residual Value Guarantee Description
LesseeOperatingLeaseResidualValueGuaranteeDescription
Additionally, these contracts do not contain residual value guarantees, and there are no other restrictions or covenants in the contracts.
CY2021 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2018Q4 us-gaap Notes And Loans Receivable Gross Noncurrent
NotesAndLoansReceivableGrossNoncurrent
2483000
CY2018 us-gaap Asset Impairment Charges
AssetImpairmentCharges
5999000
CY2021 flo Number Of Closed Bakeries Reclassified As Held For Sale
NumberOfClosedBakeriesReclassifiedAsHeldForSale
3
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2018 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2021 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
60400000
CY2019 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
48200000
CY2018 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
40500000
CY2021Q1 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
21900000
CY2021 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
9300000
CY2019Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
29600000
CY2019 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
10200000
CY2018 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
8000000.0
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2021 flo Tax Cuts And Jobs Act Of2017 Reclassification From Aoci To Retained Earnings
TaxCutsAndJobsActOf2017ReclassificationFromAociToRetainedEarnings
18800000
CY2021 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
4000000.0
CY2019 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
4300000
CY2018 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
4900000
CY2018Q4 flo Number Of States Products Recalled Distributed
NumberOfStatesProductsRecalledDistributed
18
CY2019 us-gaap Inventory Recall Expense
InventoryRecallExpense
800000
CY2021Q1 flo Number Of States Products Recalled Distributed
NumberOfStatesProductsRecalledDistributed
14
CY2021 flo Costs Recognized On Inferior Ingredients
CostsRecognizedOnInferiorIngredients
1300000
CY2021Q1 flo Recovery Recognized On Inferior Ingredients
RecoveryRecognizedOnInferiorIngredients
1200000
CY2018Q4 flo Recovery Recognized On Inferior Ingredients
RecoveryRecognizedOnInferiorIngredients
4200000
CY2019 flo Recovery Recognized On Inferior Ingredients
RecoveryRecognizedOnInferiorIngredients
1800000
CY2021 flo Expense Recognized On Inferior Ingredients
ExpenseRecognizedOnInferiorIngredients
1257000
CY2019 flo Expense Recognized On Inferior Ingredients
ExpenseRecognizedOnInferiorIngredients
1785000
CY2018 flo Expense Recognized On Inferior Ingredients
ExpenseRecognizedOnInferiorIngredients
7368000
CY2021 flo Recovery Recognized On Inferior Ingredients
RecoveryRecognizedOnInferiorIngredients
1150000
CY2019 flo Recovery Recognized On Inferior Ingredients
RecoveryRecognizedOnInferiorIngredients
1822000
CY2018 flo Recovery Recognized On Inferior Ingredients
RecoveryRecognizedOnInferiorIngredients
4156000
CY2021 flo Loss Recovery On Inferior Ingredients
LossRecoveryOnInferiorIngredients
107000
CY2019 flo Loss Recovery On Inferior Ingredients
LossRecoveryOnInferiorIngredients
-37000
CY2018 flo Loss Recovery On Inferior Ingredients
LossRecoveryOnInferiorIngredients
3212000
CY2021 flo Employee Termination Benefits Credits
EmployeeTerminationBenefitsCredits
7779000
CY2019 flo Employee Termination Benefits Credits
EmployeeTerminationBenefitsCredits
3042000
CY2018 flo Employee Termination Benefits Credits
EmployeeTerminationBenefitsCredits
-35000
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RestructuringAndRelatedImpairmentCharges
35483000
CY2019 flo Restructuring And Related Impairment Charges
RestructuringAndRelatedImpairmentCharges
23524000
CY2018 flo Restructuring And Related Impairment Charges
RestructuringAndRelatedImpairmentCharges
9767000
CY2021 flo Project Centennial Implementation Costs
ProjectCentennialImplementationCosts
15548000
CY2019 flo Project Centennial Implementation Costs
ProjectCentennialImplementationCosts
784000
CY2018 flo Project Centennial Implementation Costs
ProjectCentennialImplementationCosts
9723000
CY2021 flo Project Centennial Restructuring And Implementation Costs
ProjectCentennialRestructuringAndImplementationCosts
51031000
CY2019 flo Project Centennial Restructuring And Implementation Costs
ProjectCentennialRestructuringAndImplementationCosts
24308000
CY2018 flo Project Centennial Restructuring And Implementation Costs
ProjectCentennialRestructuringAndImplementationCosts
19490000
CY2021 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
23627000
CY2019 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
20229000
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RestructuringSettlementAndImpairmentProvisions
5593000
CY2021Q1 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
1300000
CY2020Q3 flo Number Of Closed Bakeries Reclassified As Held For Sale
NumberOfClosedBakeriesReclassifiedAsHeldForSale
3
CY2017Q4 us-gaap Restructuring Reserve
RestructuringReserve
25490000
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4174000
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PaymentsForRestructuring
29263000
CY2018Q4 us-gaap Restructuring Reserve
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401000
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3295000
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2072000
CY2019Q4 us-gaap Restructuring Reserve
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1624000
CY2021 us-gaap Restructuring Charges
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11856000
CY2021 us-gaap Payments For Restructuring
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11972000
CY2021Q1 us-gaap Restructuring Reserve
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1508000
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84558000
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2694000
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11047000
CY2021 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
27886000
CY2019 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
457000
CY2018 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-16853000
CY2021 us-gaap Investment Income Interest
InvestmentIncomeInterest
26696000
CY2019 us-gaap Investment Income Interest
InvestmentIncomeInterest
27750000
CY2018 us-gaap Investment Income Interest
InvestmentIncomeInterest
27755000
flo Number Of Closed Bakeries Reclassified As Held For Sale
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2
CY2020Q3 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
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4200000
CY2021Q1 us-gaap Gain Loss On Disposition Of Assets1
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-1400000
CY2021Q1 us-gaap Assets Held For Sale Not Part Of Disposal Group
AssetsHeldForSaleNotPartOfDisposalGroup
5641000
CY2019Q4 us-gaap Assets Held For Sale Not Part Of Disposal Group
AssetsHeldForSaleNotPartOfDisposalGroup
4408000
CY2021Q1 us-gaap Goodwill
Goodwill
545244000
CY2019Q4 us-gaap Goodwill
Goodwill
545244000
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FiniteLivedIntangibleAssetsNet
587818000
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FiniteLivedIntangibleAssetsNet
623107000
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127100000
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127100000
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1260162000
CY2019Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
1295451000
CY2018Q4 us-gaap Goodwill
Goodwill
545379000
CY2019 us-gaap Goodwill Purchase Accounting Adjustments
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-135000
CY2019Q4 us-gaap Goodwill
Goodwill
545244000
CY2021Q1 us-gaap Goodwill
Goodwill
545244000
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2018 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
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795590000
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207772000
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FiniteLivedIntangibleAssetsNet
587818000
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804491000
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FiniteLivedIntangibleAssetsAccumulatedAmortization
181384000
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FiniteLivedIntangibleAssetsNet
623107000
CY2021Q1 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
127100000
CY2019Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
127100000
CY2021Q1 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
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1300000
CY2019 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
15400000
CY2019 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P33Y
CY2019 flo Number Of Brands Consisted With Impairment Charges
NumberOfBrandsConsistedWithImpairmentCharges
1
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
30704000
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
29323000
CY2018 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
25892000
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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