|
Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified
|
Mar. 29, 2015
|
Dec. 28, 2014
|
| Current assets: |
|
|
| Cash and cash equivalents |
$ 50,567 |
$ 38,477 |
| Accounts receivable, net of allowances of $7,249 and $6,801, respectively |
211,632 |
190,754 |
| Inventories |
344,686 |
356,467 |
| Other current assets |
8,835 |
8,223 |
| Deferred tax assets |
104,825 |
121,788 |
| Total current assets |
720,545 |
715,709 |
| Plant assets, net of accumulated depreciation of $366,148 and $349,639, respectively |
601,749 |
605,906 |
| Tradenames |
2,001,461 |
2,001,874 |
| Other assets, net |
148,664 |
157,896 |
| Goodwill |
1,716,272 |
1,719,560 |
| Total assets |
5,188,691 |
5,200,945 |
| Current liabilities: |
|
|
| Short-term borrowings |
2,263 |
2,396 |
| Current portion of long-term obligations |
11,816 |
11,916 |
| Accounts payable |
184,627 |
198,579 |
| Accrued trade marketing expense |
41,075 |
36,210 |
| Accrued liabilities |
97,448 |
106,488 |
| Dividends payable |
27,924 |
27,847 |
| Total current liabilities |
365,153 |
383,436 |
| Long-term debt (includes $33,857 and $47,315 owed to related parties, respectively) |
2,283,740 |
2,285,984 |
| Pension and other postretirement benefits |
59,471 |
61,830 |
| Other long-term liabilities |
42,204 |
34,305 |
| Deferred tax liabilities |
716,810 |
721,401 |
| Total liabilities |
3,467,378 |
3,486,956 |
| Commitments and contingencies (Note 12) |
|
|
| Shareholders' equity: |
|
|
| Pinnacle preferred stock: $.01 per share, 50,000,000 shares authorized, none issued |
0 |
0 |
| Pinnacle common stock: par value $.01 per share, 500,000,000 shares authorized; issued 117,441,662 and 117,293,745, respectively |
1,174 |
1,173 |
| Additional paid-in-capital |
1,365,533 |
1,363,129 |
| Retained earnings |
433,651 |
419,531 |
| Accumulated other comprehensive loss |
(46,935) |
(37,734) |
| Capital stock in treasury, at cost, 1,000,000 common shares |
(32,110) |
(32,110) |
| Total shareholders' equity |
1,721,313 |
1,713,989 |
| Total liabilities and shareholders' equity |
$ 5,188,691 |
$ 5,200,945 |