| | | | |||||||||||||||||||||||||
| |
Title of each Class of Securities
to be Registered |
| | |
Amount to be
Registered(1) |
| | |
Proposed Maximum
Offering Price Per Share(2) |
| | |
Proposed Maximum
Aggregate Offering Price |
| | |
Amount of
Registration Fee(3) |
| |||||||||
| |
Common Stock, $0.01 par value per share
|
| | |
7,500,000
|
| | | | $ | 30.47 | | | | | | $ | 228,525,000 | | | | | | $ | 24,932.08 | | |
| | | |
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|
Date
|
| |
Signficant Event
|
|
| July 2015 | | | Acquisition of Spartan Foods of America, Inc., and related entities, including the Mama Mary’s brand from Linsalata Capital Partners and certain other sellers. | |
| November 2015 | | | Acquisition of the Green Giant and Le Sueur brands from General Mills, Inc. | |
| November 2016 | | | Acquisition of the spices & seasonings business of ACH Food Companies, Inc., | |
|
Date
|
| |
Signficant Event
|
|
| | | | including the Spice Islands, Tone’s, Durkee and Weber brands. | |
| December 2016 | | | Acquisition of Victoria Fine Foods, LLC, including the Victoria brand, from Huron Capital Partners and certain other sellers. | |
| October 2017 | | | Acquisition of Back to Nature Foods Company, LLC and related entities, including the Back to Nature and SnackWell’s brands, from Brynwood Partners VI L.P., Mondelēz International and certain other sellers. | |
| July 2018 | | | Acquisition of the McCann’s brand of premium Irish oatmeal from TreeHouse Foods, Inc. | |
| October 2018 | | | Divestiture of Pirate Brands, including the Pirate’s Booty, Smart Puffs, and Original Tings brands, which was sold to The Hershey Company. | |
| May 2019 | | | Acquisition of the Clabber Girl Corporation, including the Clabber Girl, Rumford, Davis, Hearth Club and Royal brands of retail baking powder, baking soda and corn starch, and the Royal brand of foodservice dessert mixes, from Hulman & Company. | |
| December 2020 | | | Acquisition of the Crisco brand of oils and shortening from The J. M. Smucker Co. | |
|
Brand
|
| | | | |
Year
Originated |
| |
Description
|
|
|
Green Giant and Le Sueur
|
| |
|
| |
1903
|
| |
•
For more than 100 years, the Green Giant and Le Sueur vegetables have been grown and picked at the peak of perfection in the Valley of the Jolly Green Giant
•
Shelf-stable and frozen vegetables
|
|
|
Crisco
|
| |
|
| |
1911
|
| |
•
Crisco is the number one brand of vegetable shortening, the number one brand of vegetable oil and also holds a leadership position in other cooking oils and cooking sprays
|
|
|
Ortega
|
| |
|
| |
1897
|
| |
•
Taco shells, tortillas, seasonings, dinner kits, taco sauces, peppers, refried beans, salsas and related food products
|
|
|
Clabber Girl
|
| |
|
| |
1850
|
| |
•
America’s #1 brand of baking powder
•
Clabber Girl offerings also include baking powder, baking soda and corn starch under the Rumford, Davis and Hearth Club brands
|
|
|
Maple Grove Farms of Vermont
|
| |
|
| |
1915
|
| |
•
A leading brand of pure maple syrup
•
Also includes gourmet salad dressings, sugar free syrups, marinades, fruit syrups, confections, pancake mixes and organic products
|
|
|
Cream of Wheat
|
| |
|
| |
1893
|
| |
•
One of the most trusted and widely recognized brands of hot cereals sold in the United States
•
Cream of Wheat is available in Original, Whole Grain and Maple Brown Sugar
|
|
|
Brand
|
| | | | |
Year
Originated |
| |
Description
|
|
| | | | | | | | | |
stove top, and also in instant packets and cups of original and other flavors
•
Cream of Rice is a gluten-free rice-based hot cereal
|
|
|
Dash
|
| |
|
| |
1983
|
| |
•
The original brand in salt-free seasonings; available in more than a dozen blends
•
Also offers salt-free marinades
•
The brand essence of Mrs. Dash, “Salt-Free, Flavor-Full,” resonates with consumers and underscores the brand’s commitment to provide “better-for-you” products that fulfill consumers’ expectations for taste
|
|
|
Victoria
|
| |
|
| |
1929
|
| |
•
A variety of premium pasta and specialty sauces, savory condiments and tasty gourmet spreads
|
|
|
Back to Nature
|
| |
|
| |
1960
|
| |
•
Offers “better-for-you” snacks, including cookies, crackers, nuts and trail mixes and granola
•
Product offerings include plant-based, Non-GMO Project Verified, organic and gluten free snacks
|
|
|
Bear Creek Country Kitchens
|
| |
|
| |
1992
|
| |
•
The leading brand of hearty dry soups in the United States. Also offers a line of savory pasta dishes and hearty rice dishes
|
|
|
Weber
|
| |
|
| |
2006
|
| |
•
A wide range of grilling seasoning blends, rubs, marinades, sprays and sauces
|
|
|
Spice Islands
|
| |
|
| |
1941
|
| |
•
A leading premium spices and extracts brand offering a diverse line of high quality products, including spices, seasonings, dried herbs, extracts, flavorings and sauce blends
|
|
|
Las Palmas
|
| |
|
| |
1922
|
| |
•
Authentic Mexican enchilada sauce, chili sauce and various pepper products
|
|
|
Mama Mary’s
|
| |
|
| |
1986
|
| |
•
A leading brand of shelf-stable pizza crust
•
Also offers pizza sauces and premium gourmet pepperoni slices
|
|
|
Polaner
|
| |
|
| |
1880
|
| |
•
Fruit-based spreads as well as jarred wet spices such as chopped garlic and oregano
•
Polaner All Fruit is a leading national brand of fruit-juice sweetened fruit spread
•
Polaner Sugar Free is the second leading national brand of sugar free preserves
|
|
|
Underwood
|
| |
|
| |
1870
|
| |
•
Underwood meat spreads include deviled ham, white-meat chicken, roast beef, corned beef and liverwurst
|
|
|
Brand
|
| | | | |
Year
Originated |
| |
Description
|
|
|
Tone’s
|
| |
|
| |
1873
|
| |
•
Responsible for many of the early advancements in the spice industry
|
|
|
Ac’cent
|
| |
|
| |
1947
|
| |
•
A flavor enhancer for meat preparation and is generally used on beef, poultry, fish and vegetables
|
|
|
Bloch & Guggenheimer
|
| |
|
| |
1889
|
| |
•
Shelf-stable pickles, relishes, peppers, olives and other related specialty items
|
|
|
New York Style
|
| |
|
| |
1985
|
| |
•
Foods for snacking and entertaining, including Original Bagel Crisps, Pita Chips and Panetini Italian Toast
|
|
|
B&M
|
| |
|
| |
1927
|
| |
•
The original brand of brick-oven baked beans and remains one of the very few authentic baked beans
•
Includes a variety of baked beans and brown bread
|
|
|
Grandma’s
|
| |
|
| |
1890
|
| |
•
Molasses offered in two distinct styles: Grandma’s Original Molasses and Grandma’s Robust Molasses
|
|
|
Spring Tree
|
| |
|
| |
1976
|
| |
•
Pure maple syrup and sugar free syrup
|
|
|
Trappey’s
|
| |
|
| |
1898
|
| |
•
High quality peppers and hot sauces, including Trappey’s Red Devil
|
|
|
Old London
|
| |
|
| |
1932
|
| |
•
Old London has a wide variety of flavors available in melba toasts, melba rounds and other snacks. Old London also markets specialty snacks under the Devonsheer brand name
|
|
|
McCann’s
|
| |
|
| |
1800
|
| |
•
Offers classic traditional steel cut Irish oatmeal as well as convenience-oriented oatmeal products
|
|
|
Don Pepino and Sclafani
|
| |
|
| |
1955
and 1900 |
| |
•
Primarily include pizza and spaghetti sauces, whole and crushed tomatoes and tomato puree
|
|
|
Durkee
|
| |
|
| |
1850
|
| |
•
An early leader in the spice industry
|
|
|
TrueNorth
|
| |
|
| |
2008
|
| |
•
TrueNorth nut cluster snacks combine freshly roasted nuts, a dash of sea salt and just a hint of sweetness. Their bite-sized shape makes them ideal for between meal snacking and on-the-go nourishment
|
|
|
Emeril’s
|
| |
|
| |
2000
|
| |
•
Introduced under a licensing agreement with celebrity chef Emeril Lagasse
•
Pasta sauces, seasonings, cooking stocks, mustards, salsas, pepper sauces, dip mixes and cooking sprays
|
|
|
Baker’s Joy
|
| |
|
| |
1968
|
| |
•
The original brand of no-stick baking spray with flour
|
|
|
Brand
|
| | | | |
Year
Originated |
| |
Description
|
|
|
Cary’s
|
| |
|
| |
1904
|
| |
•
The oldest brand of pure maple syrup in the United States. Cary’s also offers sugar free syrup
|
|
|
Joan of Arc
|
| |
|
| |
1895
|
| |
•
Canned beans including kidney, chili and other beans
|
|
|
Wright’s
|
| |
|
| |
1895
|
| |
•
A seasoning that reproduces the flavor and aroma of pit smoking in meats, chicken and fish; offered in three flavors: Hickory, Mesquite and Applewood
|
|
|
SnackWell’s
|
| |
|
| |
1992
|
| |
•
Includes a variety of delicious reduced fat products such as its signature Devil’s Food Cookie Cakes and peanut-free treats such as its tasty Vanilla Crème Sandwich Cookies
|
|
|
Sugar Twin
|
| |
|
| |
1968
|
| |
•
A calorie free sugar substitute
•
Mainly distributed in Canada
|
|
|
Regina
|
| |
|
| |
1949
|
| |
•
Vinegars and cooking wines
•
Products are most commonly used in the preparation of salad dressings as well as in a variety of recipe applications, including sauces, marinades and soups
|
|
|
Static Guard
|
| |
|
| |
1978
|
| |
•
The number one brand name in static elimination sprays
•
Created the anti-static spray category
|
|
|
Brer Rabbit
|
| |
|
| |
1907
|
| |
•
Mild and full-flavored molasses products and a blackstrap molasses product
|
|
|
Sa-són Ac’cent
|
| |
|
| |
1947
|
| |
•
A flavor enhancer used primarily for Puerto Rican and Hispanic food preparation
•
Offered in four flavors: Original, Coriander and Achiote, Garlic and Onion, and Tomato
|
|
|
Farmwise
|
| |
|
| |
2014
|
| |
•
Farmwise Veggie Fries, Veggie Tots and Veggie Rings are vegan, Non-GMO Project Verified and free of the top eight allergens including gluten, wheat, soy, dairy, tree nuts and peanuts.
|
|
|
Vermont Maid
|
| |
|
| |
1919
|
| |
•
Vermont Maid syrup is available in regular, sugar-free and sugar-free butter varieties
•
Mainly distributed in New England
|
|
|
New York Flatbreads
|
| |
|
| |
1987
|
| |
•
Thin, crispy, flavorful crispbread that is available in several toppings
|
|
|
Molly McButter
|
| |
|
| |
1987
|
| |
•
A sprinkle, available in butter and cheese flavors
|
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
Twenty-Six
Weeks Ended |
| |||||||||
| | | |
Fiscal
2018 |
| |
Fiscal
2019 |
| |
Fiscal
2020 |
| |
Fiscal
2020 |
| |
June 27,
2020 |
| |
July 3,
2021 |
| ||||||||||||||||||
| | | |
Actual
|
| |
Actual
|
| |
Actual
|
| |
Pro-Forma
|
| |
Actual
|
| |
Actual
|
| ||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | |
(Unaudited)
|
| |
(Unaudited)
|
| ||||||||||||
| | | | | | | | | |
(In thousands, except per share data)
|
| |||||||||||||||||||||||||||
|
Consolidated Statement of Operations Data(1):
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
Net sales(2)
|
| | | $ | 1,700,764 | | | | | $ | 1,660,414 | | | | | $ | 1,967,909 | | | | | $ | 2,253,645 | | | | | $ | 961,909 | | | | | $ | 969,509 | | |
|
Cost of goods sold(3)
|
| | | | 1,351,264 | | | | | | 1,277,290 | | | | | | 1,486,169 | | | | | | 1,672,608 | | | | | | 722,892 | | | | | | 740,125 | | |
|
Gross profit
|
| | | | 349,500 | | | | | | 383,124 | | | | | | 481,740 | | | | | | 581,037 | | | | | | 239,017 | | | | | | 229,384 | | |
|
Selling, general and administrative
expenses(4) |
| | | | 167,389 | | | | | | 160,745 | | | | | | 186,191 | | | | | | 205,617 | | | | | | 84,320 | | | | | | 97,455 | | |
|
Amortization expense(5)
|
| | | | 18,343 | | | | | | 18,543 | | | | | | 19,111 | | | | | | 21,531 | | | | | | 9,462 | | | | | | 10,835 | | |
|
(Gain) loss on sale of assets(6)
|
| | | | (176,386) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
|
Operating income
|
| | | | 340,154 | | | | | | 203,836 | | | | | | 276,438 | | | | | | 353,889 | | | | | | 145,235 | | | | | | 121,094 | | |
|
Interest expense, net
|
| | | | 108,334 | | | | | | 98,126 | | | | | | 101,634 | | | | | | 113,762 | | | | | | 50,888 | | | | | | 53,682 | | |
|
Loss on extinguishment of debt(7)
|
| | | | 13,135 | | | | | | 1,177 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
|
Other income(8)
|
| | | | (3,592) | | | | | | (1,159) | | | | | | (2,558) | | | | | | (2,558) | | | | | | (1,154) | | | | | | (2,208) | | |
|
Income before income tax expense
|
| | | | 222,277 | | | | | | 105,692 | | | | | | 177,362 | | | | | | 242,685 | | | | | | 95,501 | | | | | | 69,620 | | |
|
Income tax expense
|
| | | | 49,842 | | | | | | 29,303 | | | | | | 45,374 | | | | | | 60,516 | | | | | | 22,498 | | | | | | 18,191 | | |
|
Net income
|
| | | $ | 172,435 | | | | | $ | 76,389 | | | | | $ | 131,988 | | | | | $ | 182,169 | | | | | $ | 73,003 | | | | | $ | 51,429 | | |
| Earnings per share data: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
Weighted average basic common shares outstanding
|
| | | | 66,145 | | | | | | 65,013 | | | | | | 64,163 | | | | | | 64,163 | | | | | | 64,088 | | | | | | 64,680 | | |
|
Weighted average diluted common shares outstanding
|
| | | | 66,255 | | | | | | 65,039 | | | | | | 64,557 | | | | | | 64,557 | | | | | | 64,247 | | | | | | 65,310 | | |
|
Cash dividends declared per common share
|
| | | $ | 1.89 | | | | | $ | 1.90 | | | | | $ | 1.90 | | | | | $ | 1.90 | | | | | $ | 0.950 | | | | | $ | 0.950 | | |
|
Basic earnings per common share
|
| | | $ | 2.61 | | | | | $ | 1.17 | | | | | $ | 2.06 | | | | | $ | 2.84 | | | | | $ | 1.14 | | | | | $ | 0.80 | | |
|
Diluted earnings per common
share |
| | | $ | 2.60 | | | | | $ | 1.17 | | | | | $ | 2.04 | | | | | $ | 2.82 | | | | | $ | 1.14 | | | | | $ | 0.79 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
Twenty-Six
Weeks Ended |
| |||||||||
| | | |
Fiscal
2018 |
| |
Fiscal
2019 |
| |
Fiscal
2020 |
| |
Fiscal
2020 |
| |
June 27,
2020 |
| |
July 3,
2021 |
| ||||||||||||||||||
| | | |
Actual
|
| |
Actual
|
| |
Actual
|
| |
Pro-Forma
|
| |
Actual
|
| |
Actual
|
| ||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | |
(Unaudited)
|
| |
(Unaudited)
|
| ||||||||||||
| | | |
(In thousands)
|
| |||||||||||||||||||||||||||||||||
| Other Financial Data(1): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
Adjusted EBITDA(9)
|
| | | $ | 314,182 | | | | | $ | 302,521 | | | | | $ | 361,247 | | | | | $ | 456,215 | | | | | $ | 183,288 | | | | | $ | 176,714 | | |
|
Net cash provided by operating activities
|
| | | | 209,456 | | | | | | 46,504 | | | | | | 281,477 | | | | | | N/A | | | | | | 246,366 | | | | | | 65,965 | | |
|
Capital expenditures
|
| | | | (41,627) | | | | | | (42,355) | | | | | | (26,748) | | | | | | N/A | | | | | | (10,016) | | | | | | (19,813) | | |
|
Cash payments for acquisition of businesses
|
| | | | (30,787) | | | | | | (82,430) | | | | | | (542,488) | | | | | | N/A | | | | | | (3,227) | | | | | | — | | |
|
Net cash provided by (used in) financing activities
|
| | | | (753,327) | | | | | | 77,713 | | | | | | 327,952 | | | | | | N/A | | | | | | (63,192) | | | | | | (58,479) | | |
| | | | | | | | | | | | | | | | | | | | | |
Twenty-Six
Weeks Ended |
| |||||||||
| | | |
Fiscal
2018 |
| |
Fiscal
2019 |
| |
Fiscal
2020 |
| |
June 27,
2020 |
| |
July 3,
2021 |
| |||||||||||||||
| | | |
Actual
|
| |
Actual
|
| |
Actual
|
| |
Actual
|
| |
Actual
|
| |||||||||||||||
| | | |
(In thousands)
|
| |
(Unaudited)
|
| ||||||||||||||||||||||||
|
Consolidated Balance Sheet Data (at end of period)(1):
|
| | | | | | |||||||||||||||||||||||||
|
Cash and cash equivalents
|
| | | $ | 11,648 | | | | | $ | 11,315 | | | | | $ | 52,182 | | | | | $ | 181,200 | | | | | $ | 40,322 | | |
|
Total assets
|
| | | | 3,057,795 | | | | | | 3,227,590 | | | | | | 3,767,570 | | | | | | 3,251,822 | | | | | | 3,761,415 | | |
|
Long-term debt, including current portion
|
| | | | 1,638,877 | | | | | | 1,879,783 | | | | | | 2,334,086 | | | | | | 1,878,942 | | | | | | 2,325,908 | | |
|
Total stockholders’ equity
|
| | | $ | 900,049 | | | | | $ | 812,542 | | | | | $ | 831,877 | | | | | $ | 817,149 | | | | | $ | 841,605 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
Twenty-Six
Weeks Ended |
| |||||||||
| | | |
Fiscal
2018 |
| |
Fiscal
2019 |
| |
Fiscal
2020 |
| |
Fiscal
2020 |
| |
June 27,
2020 |
| |
July 3,
2021 |
| ||||||||||||||||||
| | | |
Actual
|
| |
Actual
|
| |
Actual
|
| |
Pro-Forma
|
| |
Actual
|
| |
Actual
|
| ||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | |
(Unaudited)
|
| |
(Unaudited)
|
| ||||||||||||
| | | |
(In thousands)
|
| |||||||||||||||||||||||||||||||||
|
Net income (loss)
|
| | | $ | 172,435 | | | | | $ | 76,389 | | | | | $ | 131,988 | | | | | $ | 182,169 | | | | | $ | 73,003 | | | | | $ | 51,429 | | |
|
Income tax expense (benefit)
|
| | | | 49,842 | | | | | | 29,303 | | | | | | 45,374 | | | | | | 60,516 | | | | | | 22,498 | | | | | | 18,191 | | |
|
Interest expense, net
|
| | | | 108,334 | | | | | | 98,126 | | | | | | 101,634 | | | | | | 113,762 | | | | | | 50,888 | | | | | | 53,682 | | |
|
Depreciation and amortization
|
| | | | 53,639 | | | | | | 58,734 | | | | | | 63,701 | | | | | | 81,218 | | | | | | 30,919 | | | | | | 40,529 | | |
|
Loss on extinguishment of debt(A)
|
| | | | 13,135 | | | | | | 1,177 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
|
EBITDA
|
| | | | 397,385 | | | | | | 263,729 | | | | | | 342,697 | | | | | | 437,665 | | | | | | 177,308 | | | | | | 163,831 | | |
|
Acquisition/divestiture-related and non-recurring expenses(B)
|
| | | | 26,863 | | | | | | 21,519 | | | | | | 17,227 | | | | | | 17,227 | | | | | | 5,980 | | | | | | 7,829 | | |
|
Inventory reduction plan
impact(C) |
| | | | 66,320 | | | | | | 16,382 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
|
Amortization of acquisition-related inventory step-up(D)
|
| | | | — | | | | | | 891 | | | | | | 1,323 | | | | | | 1,323 | | | | | | — | | | | | | 5,054 | | |
|
(Gain) loss on sale of assets(E)
|
| | | | (176,386) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
|
Adjusted EBITDA
|
| | | $ | 314,182 | | | | | $ | 302,521 | | | | | $ | 361,247 | | | | | $ | 456,215 | | | | | $ | 183,288 | | | | | $ | 176,714 | | |
| | | |
Fiscal 2019
|
| |
Fiscal 2020
|
| |
Fiscal 2021
|
| |||||||||
|
First Quarter
|
| | | $ | 0.475 | | | | | $ | 0.475 | | | | | $ | 0.475 | | |
|
Second Quarter
|
| | | $ | 0.475 | | | | | $ | 0.475 | | | | | $ | 0.475 | | |
|
Third Quarter
|
| | | $ | 0.475 | | | | | $ | 0.475 | | | | | $ | 0.475 | | |
|
Fourth Quarter
|
| | | $ | 0.475 | | | | | $ | 0.475 | | | | | | N/A | | |
| | | |
Unaudited Pro Forma Condensed Combined Statement of Operations For
Fiscal 2020 |
| |||||||||||||||||||||||||||
| | | |
B&G Foods(1)
|
| |
Crisco(2)
|
| |
Crisco
Reclassification Adjustments(3) |
| |
Crisco
Pro Forma Adjustments |
| |
Pro Forma
for the Crisco Acquisition |
| |||||||||||||||
| | | |
(In thousands, except per share data)
|
| |||||||||||||||||||||||||||
|
Net sales
|
| | | $ | 1,967,909 | | | | | $ | 285,445 | | | | | $ | 291 | | | | | $ | — | | | | | $ | 2,253,645 | | |
|
Cost of goods sold
|
| | | | 1,486,169 | | | | | | 173,171 | | | | | | 3,111 | | | | | | 10,157(4) | | | | | | 1,672,608 | | |
|
Gross profit
|
| | | | 481,740 | | | | | | 112,274 | | | | | | (2,820) | | | | | | (10,157) | | | | | | 581,037 | | |
| Operating expenses: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
Selling, general and administrative expenses
|
| | | | 186,191 | | | | | | 23,848 | | | | | | (4,422) | | | | | | — | | | | | | 205,617 | | |
|
Amortization expense
|
| | | | 19,111 | | | | | | 6,191 | | | | | | — | | | | | | (3,771)(5) | | | | | | 21,531 | | |
|
Operating income (loss)
|
| | | | 276,438 | | | | | | 82,235 | | | | | | 1,602 | | | | | | (6,386) | | | | | | 353,889 | | |
| Other expenses: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
Interest expense, net
|
| | | | 101,634 | | | | | | — | | | | | | — | | | | | | 12,128(6) | | | | | | 113,762 | | |
|
Other (income)
|
| | | | (2,558) | | | | | | (1,602) | | | | | | 1,602 | | | | | | — | | | | | | (2,558) | | |
|
Income before income tax expense
|
| | | | 177,362 | | | | | | 83,837 | | | | | | — | | | | | | (18,514) | | | | | | 242,685 | | |
|
Income tax expense
|
| | | | 45,374 | | | | | | — | | | | | | — | | | | | | 15,142(7) | | | | | | 60,516 | | |
|
Net income (loss)
|
| | | $ | 131,988 | | | | | $ | 83,837 | | | | | | — | | | | | $ | (33,656) | | | | | $ | 182,169 | | |
| Earnings per share data: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
Weighted average common shares outstanding:
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
Basic
|
| | | | 64,163 | | | | | | — | | | | | | — | | | | | | — | | | | | | 64,163 | | |
|
Diluted
|
| | | | 64,557 | | | | | | — | | | | | | — | | | | | | — | | | | | | 64,557 | | |
| Earnings per share: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
Basic
|
| | | $ | 2.06 | | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | $ | 2.84 | | |
|
Diluted
|
| | | $ | 2.04 | | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | $ | 2.82 | | |
| | | |
Amortization
Period (Years) |
| |
Incremental
Amortization |
| ||||||
| | | |
Fiscal 2020
|
| |||||||||
|
Customer relationships
|
| | | | 20 | | | | | $ | 2,420 | | |
|
Trademarks
|
| | | | 20 | | | | | | (6,191) | | |
| | | | | | | | | | | $ | (3,771) | | |
| | | |
Fiscal 2020
|
| |||
| Incremental Interest expense relating to: | | | | | | | |
|
Revolving loans ($260,000 at 1.91%)
|
| | | | 4,552 | | |
|
Add-on tranche B term loans due 2026 ($300,000 at 2.6455%)
|
| | | | 7,276 | | |
|
Unused revolver fees (savings)
|
| | | | (733) | | |
|
Amortization of deferred debt issuance costs, including debt discount
|
| | | | 1,033 | | |
|
Adjustment to interest expense
|
| | | $ | 12,128 | | |
| | | |
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Fiscal 2019
|
| |
Fiscal 2018
|
| |
Fiscal 2017
|
| ||||||
|
Fourth Quarter
|
| |
N/A
|
| | | $ | 0.475 | | | | | $ | 0.465 | | |
|
Third Quarter
|
| |
$0.475
|
| | | $ | 0.475 | | | | | $ | 0.465 | | |
|
Second Quarter
|
| |
$0.475
|
| | | $ | 0.475 | | | | | $ | 0.465 | | |
|
First Quarter
|
| |
$0.475
|
| | | $ | 0.465 | | | | | $ | 0.465 | | |