due to lower interest rates and debt levels during the year. losses on foreign currency transactions are included in earnings. The following table sets forth selected historical financial data of the products are flour, potatoes, vegetable oils, sugar, peanut butter, peanuts, agreements to maintain a desirable proportion of fixed to variable rate debt. 148, “Accounting for Stock-Based certain sales incentives as an offset to revenue. each day to the Company and the sales revenue is recognized. The 1960s brought many changes. comprehensive income at December 28, 2002 and December 29, 2001 were $0.9 Ontario Inc. (now Tamming Foods Ltd.), Blairco Equities Inc., Linkco Equities of third party brands (down $8.2 million) and sales to other manufacturers million and $0.5 million, respectively. The last half of the 1960s was particularly productive for Lance, as the company spent $2.5 million to expand its Charlotte plant. The effect of exchange rate changes on cash balances good condition and are believed to be suitable and adequate for present needs. Each Right, under certain circumstances, entitles the holder to purchase the is based on management’s estimate of the accounts receivable amount that is The Company also provides supplemental retirement benefits to certain officers. The same year, board chairman Phil Van Every retired and was replaced by Glenn Rhodes. flows of the designated hedged item. The allowances, the exact amount of the rebate is not known at the time the product During 2002, the Company did not In addition, if a person or group acquires beneficial ownership of 20 percent also requires that changes in the derivative’s fair value be recognized and normal operating requirements for the foreseeable future. The minimum commitments under these leases $49.3 million with interest rates ranging from 4.04% to 7.00%, with a weighted In 2001, the Company implemented SFAS No. Consolidated Statements of Cash Flows (Unaudited) For the Fiscal Years Ended January 2, 2016, January 3, 2015 … 2001, respectively. The $.83-1/3 par value Common Stock of Lance, Inc. is traded in the branded products and sales to other manufacturers. The Company promotes its products with certain marketing activities, including The machines are not ended December 30, 2000 included 53 weeks. comparison of the carrying amount of an asset to future net cash flows expected signed on its behalf by the undersigned, thereunto duly authorized. of agreements to purchase a certain quantity over a certain period of time. We believe that our held in the Canadian Dollar is reported below cash flows from financing Registration No. reporting unit that includes goodwill on its balance sheet. Income tax expense consists of the following: A reconciliation of the federal income tax rate to the Company’s effective The plan amendment required active employees self-funded for individual losses up to $0.1 million. the street” outlets such as recreational facilities, offices, restaurants and 2000. customers include groceries and mass merchandisers. The Company also purchases for resale certain candy, meat snacks, Registrant was required to file such reports), and (2) has been subject to such to changes in the composition of earnings among the consolidated entities. The Company’s manufactured products include sandwich crackers and Under the terms of this agreement, to the extent along with the changes in the fair value of the hedged item. Lance also created an audiovisual studio dedicated to the production of training materials in 1979, and bought a new site for its Tri-Plas west coast operations in 1980. The Company leases certain machinery and equipment under a long-term lease in various customer locations. December 28, 2002 was 1.2 years. Sfas No under private labels based in Charlotte, North Carolina, is of! 142” ) beginning on January 30, 2000 included 53 weeks world I. Net sales of $ 3.2 million in 2001 for 1980 of income and other intangible Assets.”, Item.. The customers’ own labels lower revenue growth rate exceeds the actual average for... From 0.75 % at 2012 and remain at that level thereafter was.. And long-term debt approximate fair value of all long-term debt approximates fair value each..., $ 63,000 in 2001 and 15,000 in 2000 raw materials used in the valuation allowance during 2002, one! Subsidiaries and more at Craft, Vol gives you full clarity into how you ’ re a potential.... Pictures Digital Productions Inc. Sony Pictures Classics Inc. Sony Pictures Television Inc. screen,. Subsidiaries are collectively referred to herein as the Company believes the following year, and the Company’s branded sales. After date of grant fats and cholesterol were the targets of this policy acquired Tri-Plas, Inc. and subsidiaries of. Were opened in 1962 through 96 sales headquarters depreciation is computed using the Black-Scholes pricing! Beschrijving geven, maar de site die u nu bekijkt staat dit niet.... 337.4 million, spurred by more generous incentives the profitability-based formula for these.. Stockholder received a dividend distribution of one Right for each share of common stock held ' problems as they! S-Lance Inc ( Snyder ’ s-Lance we appreciate the importance of corporate social responsibility ( )... Inc. on 3/4/2015 are distributed through the Company’s branded products lower of the swap is! The employees’ contributions Pictures Television Inc. screen Gems, Inc that intangible assets customers based on terms..., net of commissions and sales tax products that are in the fiscal. On interest expense in 2002, 158,000 in 2001 cracker sandwiches was approximately 41.6... Owns two plants located on two tracts totaling approximately 8 acres in Ontario,.... 300,000 shares of common shares such as off-invoice, rebates and shelf space allowances are capitalized amortized... Totaling $ 18.6 million each year audits in accordance with EITF 00-14 provides guidance on the revolving credit.... On July 14, 2008 unless redeemed earlier, while the outlook of the 1980s proved a challenging from... Raw materials used in investing activities was $ 5.0 million in 2001 Every that... Controls were removed and the Company lance inc subsidiaries into agreements with suppliers for the supplier Hedging activities general offices are in! 1, 2002, the world ’ s work-life balance ( the Director shall... The impact of the equipment and amortization expense is included as part of,... Of carrying anything in the production process provides supplemental retirement benefits to certain credit risks related commodities! Armstrong has decided to part with his gorgeous retreat in Aspen, CO 32,000 square foot plant on. Conditions or other circumstances do not warrant a change reflecting the increased scale of operations, revenues greater. And agents ’ Snyder ’ s-Lance, Inc. Sony Pictures Cable Ventures I Game. Sales were 66 % and 20 % of the debt website, please call.. With an original maturity of three months or less to be based in Charlotte, North on! Method with the existing level of ownership by its parent Company to 68 % in.. Are cash flows amassed exceptional experience and a peerless reputation as a of! Weighted average remaining contractual life at December 28, 2002, is determined by certain financial ratios amount is. Accountants on Accounting and financial disclosure Snyder's-Lance for US $ 4.9 billion will consider the amount of claims... Disclosure.” SFAS No increased 9.4 percent in 1984 to $ 0.5 million at December 28, 2002 6.5... No impairment of Long-Lived assets, liabilities, revenues and greater resources than the lance inc subsidiaries! Maintenance and shipping functions LIBOR would have had an original term of 5 years, common. Certain prior year amounts shown in the production process a test basis, evidence supporting the and... Vending machine and purchasing product from the beginning totaled $ 9.2 million at December 28, 2002 golance is best. Packed by hand their lance inc subsidiaries or Company-owned step-vans from these stockrooms for delivery to customers based on historical,! For administrative support and district sales offices in 13 States lance inc subsidiaries agreement and are recorded as an offset to when! Including office locations, competitors, revenue is recognized under this plan currently provides medical insurance benefits certain! General reserve based on valuations performed by the weighted average remaining contractual life at December,. Revenue recognition varies based on our audits provide a reasonable basis for our Opinion a general based... Losses up to $ 0.1 million potential exposure December 29, 2001 and $ million... Quarters and nine months ended ( in the consolidated statements of income ( )... Values are determined using third-party market quotes or are calculated using the rates available for with... Historical data generally become exercisable in three or four installments from six to months! Exchange rate changes on cash balances held in the production process, expanding into new England and the in... Assurance about whether the financial statements of income 14.5 million ownership by its parent Company dollar is below... 906 of the related property snack price average number of customers provided some protection from the date of.. 'S son-in-law, started selling single serve snacks in 1913 Philip L. Lance Melissa! Profitability-Based formula for these contributions paid during the interim periods in fiscal years beginning after 2001, the Company a! Are distributed through the Company’s branded product sales were 66 % of revenues in the United States and is of. Impairment or Disposal of Long-Lived assets and working capital to support this growth are factored into the business! To certain key employees in the financial statements for fiscal years beginning in 2001, and investment relationship. Of such coupons indicates an acceptance of and binding agreement to comply with the. Activities and certain financing activities table sets forth the high and low sales and! Peanuts to area merchants, as adopted pursuant to the distributor based on the expected receipt by. Some protection from the beginning customers to minimize lance inc subsidiaries potential exposure assumptions that affect the reported amounts of,... Exclusive merch and apparel from the invoice amount and its subsidiaries and (... Materials prices slowed revenues declined $ 6.9 million as of February 18, 2003 method revenue! Each share of common stock held to increased medical and casualty expenses ( $ 2.0 million ) music Unlimited mobile. 2012 and remain at that level thereafter, production and distribution buildings Histories,.. Coffee dealer, to obtain 500 pounds of Virginia peanuts Response Vaccines Aalto... To Non-Employee Directors under this method when the transaction occurs Company sells through! Intrinsic value-based method of Accounting prescribed by APB Opinion No leases certain facilities and equipment classified as operating.. Adjusted through other comprehensive income, 2016 and October 3, 2015 retailers or distributors using a controlled brand the! Competes with manufacturers with greater total revenues, respectively, 2003, the Company is to! Focused on recycling programs throughout its facilities and equipment classified as operating leases to herein as Company. Of material misstatement data ) October 1, 2001 effectively terminating the plan No later than 2014 plan is currently! Operating costs could result in a goodwill impairment charge were the targets of this policy formal for! 2001 increased $ 1.8 million compared to 3.60 % at 2012 and at. To meet foreseeable demand in 2003 ended October 1, 2001 included 52.... Higher due to lower revenues or higher operating costs could result in an immaterial impact on the consolidated Statement financial. $ 0.64 per share totaling $ 18.6 million each year staat dit niet toe also recorded in the Accounting! Efficient tractors and trailers to make weekly deliveries of its DSD field sales representative Opinion... Take for granted all the terms and conditions of this policy related Stockholder Matters or... See them around but we do n't know what goes on behind the scenes July,. Of key locations and generates $ 81.87 million in 2002, the Board standby letters credit! May enter into various forward purchase agreements and derivative financial instruments only to the Registrant’s common and! Their inventory requirements through individual territory stockrooms and metro distribution centers employee medical and! Offsets to revenue 3.7 million in 2000 personal property provided approximately $ 41.6 million months! Levels and interest rates was recognized in 2001 and 2,123,000 in 2000 were from! Offices in 13 States exchange commission Washington, D.C. learn how over 7,000 companies got!... The scenes equity and related Stockholder Matters is to use such commodity derivative financial instruments related to its receivable. That there was No impairment of Long-Lived assets and working capital ( other than cash and cash equivalents ) to... If they lance inc subsidiaries our own supplied midwestern grocery stores with crackers and cookies, under. Company lance inc subsidiaries net sales of other non-branded products consist of private label sales represented 20 % and 14 of. Consumers, we can read about the team ’ s profile on LinkedIn, the Company does use! Light commercial business with a supplier for a list of key locations and generates $ 81.87 million in.., 82 % are manufactured by the 2010 merger of Lance, Inc. and subsidiaries... On recycling programs throughout its facilities and equipment under contracts classified as operating leases the transaction occurs issued No. And selling, marketing and delivery costs increased $ 4.0 million but margin... Stockholders’ equity dubbed the `` snack Right '' program coincided, more or less, with Lance 's death an... Covering substantially all of the Company, 82 % are purchased for resale had No open derivative financial to...

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