v3.26.1
Acquisitions and Divestitures (Tables)
 3 Months Ended
Apr. 04, 2026
Acquisitions and Divestitures  
Schedule of allocation of purchase price to the estimated fair value of the net assets acquired

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​

​

​

​

Purchase Price Allocation (in thousands):

​

March 19, 2026

Trademarks — indefinite-lived intangible assets

​

$

72,300

Inventories

​

​

15,792

Customer relationships — finite-lived intangible assets

​

​

15,600

Goodwill

​

​

5,782

Other assets

​

​

181

Total purchase price (paid in cash)

​

$

109,655
Disposal group, Held for sale | Green Giant U.S Frozen Divestiture  
Acquisitions and Divestitures  
Schedule of divestiture

During the first quarter of 2026, we recognized a pre-tax loss on sale of $36.2 million related to the Green Giant U.S. frozen divestiture, as calculated below (in thousands):

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​

​

Cash received

$

61,468

Less:

​

​

Assets sold:

​

​

Inventories

​

85,061

Property, plant and equipment, net

​

9,454

Operating lease right-of-use assets, net

​

1,817

Other assets

​

1,186

Total assets sold

​

97,518

Expenses

​

103

Pre-tax loss on sale of assets

$

(36,153)
Disposal group, Held for sale | Le Sueur U.S. Divestiture  
Acquisitions and Divestitures  
Schedule of divestiture

After certain post-closing adjustments, we recognized a pre-tax gain on sale of $15.5 million related to the Le Sueur U.S. divestiture, as calculated below (in thousands):

​

​

​

Cash received

$

59,050

Less:

​

​

Assets sold:

​

​

Inventories

​

38,986

Trademarks — indefinite-lived intangible assets

​

2,934

Customer relationships — finite-lived intangible assets

​

1,479

Total assets sold

​

43,399

Expenses

​

198

Pre-tax gain on sale of assets(1)

$

15,453

(1)Pre-tax gain on sale of assets of $15.5 million consists of a $15.5 million gain recorded during fiscal 2025 and a loss of less than $0.1 million recorded during the first quarter of 2026.
Disposal group, Held for sale | Don Pepino Divestiture  
Acquisitions and Divestitures  
Schedule of divestiture

After certain post-closing adjustments, we recognized a pre-tax loss on sale of $12.7 million related to the Don Pepino divestiture, as calculated below (in thousands):

​

​

​

Cash received

$

10,577

Less:

​

​

Assets sold:

​

​

Inventories

​

11,227

Property, plant and equipment, net

​

5,066

Goodwill

​

4,751

Trademarks — indefinite-lived intangible assets

​

780

Other assets

​

160

Customer relationships — finite-lived intangible assets

​

85

Total assets sold

​

22,069

Expenses

​

1,223

Pre-tax loss on sale of assets(1)

$

(12,715)

​

(1)Pre-tax loss on sale of assets of $12.7 million consists of $12.6 million recorded during fiscal 2025 and less than $0.1 million recorded during the first quarter of 2026.