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Document		Parts Into Which Incorporated
Proxy Statement for the Annual Meeting of Stockholders expected to be held on May 15, 2020 (“Proxy Statement”)		Part III

Entity Central Index Key

0001517175

Current Fiscal Year End Date

--12-27

Amendment Flag

false

Document Fiscal Period Focus

Document Fiscal Year Focus

2019

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 27, 2019	Dec. 28, 2018
Current assets:
Cash and cash equivalents	$ 140,233	$ 42,410
Accounts receivable, net of allowance of $8,846 in 2019 and $7,460 in 2018	175,044	161,758
Inventories, net	124,056	112,614
Prepaid expenses and other current assets	13,823	11,953
Total current assets	453,156	328,735
Equipment, leasehold improvements and software, net	92,846	85,276
Operating lease right-of-use assets	127,649
Goodwill	197,743	184,280
Intangible assets, net	138,751	130,033
Other assets	3,534	4,074
Total assets	1,013,679	732,398
Current liabilities:
Accounts payable	94,097	87,799
Accrued liabilities	29,847	24,810
Short-term operating lease liabilities	17,453
Accrued compensation	8,033	12,872
Current portion of long-term debt	721	61
Total current liabilities	150,151	125,542
Long-term debt, net of current portion	386,106	278,169
Operating lease liabilities	120,572
Deferred taxes, net	10,883	9,601
Other liabilities and deferred credits	10,034	10,410
Total liabilities	677,746	423,722
Commitments and contingencies
Stockholders’ equity:
Preferred Stock - $0.01 par value, 5,000,000 shares authorized, no shares issued and outstanding at December 27, 2019 and December 28, 2018	0	0
Common Stock, - $0.01 par value, 100,000,000 shares authorized, 30,341,941 and 29,968,483 shares issued and outstanding at December 27, 2019 and December 28, 2018, respectively	304	300
Additional paid in capital	212,240	207,326
Accumulated other comprehensive loss	(2,048)	(2,221)
Retained earnings	125,437	103,271
Total stockholders’ equity	335,933	308,676
Total liabilities and stockholders’ equity	$ 1,013,679	$ 732,398

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 27, 2019	Dec. 28, 2018
Statement of Financial Position [Abstract]
Allowance for accounts receivable	$ 8,846	$ 7,460
Preferred Stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred Stock, authorized (in shares)	5,000,000	5,000,000
Preferred Stock, issued (in shares)	0	0
Preferred Stock, outstanding (in shares)	0	0
Common Stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common Stock, authorized (in shares)	100,000,000	100,000,000
Common Stock, issued (in shares)	30,341,941	29,968,483
Common Stock, outstanding (in shares)	30,341,941	29,968,483

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 27, 2019	Dec. 28, 2018	Dec. 29, 2017
Income Statement [Abstract]
Net sales	$ 1,591,834	$ 1,444,609	$ 1,301,520
Cost of sales	1,185,481	1,077,562	972,142
Gross profit	406,353	367,047	329,378
Operating expenses	355,585	318,289	288,251
Operating income	50,768	48,758	41,127
Interest expense	18,264	20,745	22,709
Loss on asset disposal	101	169	10
Income before income taxes	32,403	27,844	18,408
Provision for income taxes	8,210	7,442	4,042
Net income	24,193	20,402	14,366
Other comprehensive income (loss):
Foreign currency translation adjustments	173	(672)	637
Comprehensive income	$ 24,366	$ 19,730	$ 15,003
Net income per share:
Basic (in dollars per share)	$ 0.82	$ 0.71	$ 0.55
Diluted (in dollars per share)	$ 0.81	$ 0.70	$ 0.54
Weighted average common shares outstanding:
Basic (in shares)	29,532,342	28,703,265	26,118,482
Diluted (in shares)	30,073,338	29,678,919	27,424,526

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock	Additional Paid in Capital	Accumulated Other Comprehensive Loss	Retained Earnings
Balance, beginning (in shares) at Dec. 30, 2016		26,280,469
Balance, beginning at Dec. 30, 2016	$ 193,760	$ 263	$ 127,180	$ (2,186)	$ 68,503
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	14,366				14,366
Stock compensation (in shares)		110,331
Stock compensation	3,018		3,018
Public offering of common stock (in shares)		1,900,000
Public offering of common stock	34,020	$ 19	34,001
Shares issued for Fells Point acquisition (in shares)		185,442
Shares issued for Fells Point acquisition	3,300	$ 2	3,298
Cumulative translation adjustment	637			637
Shares surrendered to pay withholding taxes (in shares)		(34,034)
Shares surrendered to pay withholding taxes	(500)		(500)
Balance, ending (in shares) at Dec. 29, 2017		28,442,208
Balance, ending at Dec. 29, 2017	248,601	$ 284	166,997	(1,549)	82,869
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	20,402				20,402
Stock compensation (in shares)		310,451
Stock compensation	$ 4,094	$ 3	4,091
Option exercises (in shares)	0
Conversion of subordinated notes (in shares)		1,246,272
Conversion of subordinated notes	$ 37,015	$ 13	37,002
Cumulative translation adjustment	(672)			(672)
Shares surrendered to pay withholding taxes (in shares)		(30,448)
Shares surrendered to pay withholding taxes	$ (764)		(764)
Balance, ending (in shares) at Dec. 28, 2018	29,968,483	29,968,483
Balance, ending at Dec. 28, 2018	$ 308,676	$ 300	207,326	(2,221)	103,271
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	24,193				24,193
Stock compensation (in shares)		329,338
Stock compensation	$ 4,399	$ 3	4,396
Option exercises (in shares)	76,169	76,169
Option exercises	$ 1,541	$ 1	1,540
Cumulative translation adjustment	173			173
Shares surrendered to pay withholding taxes (in shares)		(32,049)
Shares surrendered to pay withholding taxes	$ (1,022)		(1,022)
Balance, ending (in shares) at Dec. 27, 2019	30,341,941	30,341,941
Balance, ending at Dec. 27, 2019	$ 335,933	$ 304	$ 212,240	$ (2,048)	$ 125,437

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 27, 2019	Dec. 28, 2018	Dec. 29, 2017
Cash flows from operating activities:
Net income	$ 24,193	$ 20,402	$ 14,366
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	13,328	10,296	8,516
Amortization of intangible assets	12,663	11,910	12,033
Provision for allowance for doubtful accounts	4,981	3,790	4,061
Non-cash operating lease expense	2,043
Non-cash operating lease expense		770	285
Deferred taxes	2,063	2,554	(703)
Amortization of deferred financing fees	2,168	3,155	2,084
Stock compensation	4,399	4,094	3,018
Change in fair value of contingent earn-out liabilities	5,879	1,448	(579)
Loss on asset disposal	101	169	10
Changes in assets and liabilities, net of acquisitions:
Accounts receivable	(13,213)	(19,466)	(13,611)
Inventories	(9,439)	(6,330)	(11,783)
Prepaid expenses and other current assets	(1,813)	120	4,762
Accounts payable, accrued liabilities and accrued compensation	3,775	13,677	10,406
Other assets and liabilities	(6,121)	(1,507)	(1,368)
Net cash provided by operating activities	45,007	45,082	31,497
Cash flows from investing activities:
Capital expenditures	(16,077)	(19,817)	(12,311)
Cash paid for acquisitions, net of cash received	(28,077)	(13,901)	(30,095)
Proceeds from asset disposals	0	30	0
Net cash used in investing activities	(44,154)	(33,688)	(42,406)
Cash flows from financing activities:
Payment of debt, finance lease and other financing obligations	(1,894)	(49,360)	(12,830)
Proceeds from the issuance of common stock, net of issuance costs	0	0	34,020
Proceeds from debt issuance	150,000	0	0
Payment of deferred financing fees	(5,082)	(1,502)	(761)
Proceeds from exercise of stock options	1,541	0	0
Surrender of shares to pay withholding taxes	(1,022)	(764)	(500)
Cash paid for contingent earn-out liability	(2,412)	(3,000)	(500)
Borrowings under asset based loan facility	0	47,100	24,000
Payments under asset based loan facility	(44,184)	(2,916)	(24,000)
Net cash provided by (used in ) financing activities	96,947	(10,442)	19,429
Effect of foreign currency on cash and cash equivalents	23	(46)	122
Net change in cash and cash equivalents	97,823	906	8,642
Cash and cash equivalents at beginning of year	42,410	41,504	32,862
Cash and cash equivalents at end of year	$ 140,233	$ 42,410	$ 41,504

Operations and Basis of Presentation

12 Months Ended

Dec. 27, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Operations and Basis of Presentation

Description of Business and Basis of Presentation

The financial statements include the consolidated accounts of The Chefs’ Warehouse, Inc. (the “Company”), and its wholly-owned subsidiaries. The Company’s quarterly periods end on the thirteenth Friday of each quarter. Every six to seven years the Company will add a fourteenth week to its fourth quarter to more closely align its year end to the calendar year. The Company’s business consists of three operating segments: East Coast, Midwest and West Coast that aggregate into one reportable segment, food product distribution, which is concentrated in the United States. The Company’s customer base consists primarily of menu-driven independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools, bakeries, patisseries, chocolateries, cruise lines, casinos and specialty food stores.

Consolidation

The consolidated financial statements include all the accounts of the Company and its direct and indirect wholly-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated.

Guidance Adopted in Fiscal 2019

Leases: In February 2016, the Financial Accounting Standard Board (“FASB”) issued guidance (“ASC 842”) to increase the transparency and comparability among organizations by recognizing right-of-use assets (“ROU assets”) and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. The Company adopted ASC 842 on December 29, 2018, using an optional transition method that allows entities to initially apply the new lease standard at the adoption date. Under this approach, comparative periods are not restated. The Company adopted a package of practical expedients that allowed the Company to:


•	apply hindsight in determining the lease term of its leases;


•	not reassess whether any expired or existing contracts are or contain leases;


•	not reassess the lease classification of any expired or existing leases; and


•	not reassess initial direct costs for any existing leases.

The use of hindsight in assessing lease term resulted in a $2,027 cumulative effect adjustment, net of tax, to opening retained earnings. Adoption had a material impact on the Company’s consolidated balance sheet as a result of recognizing ROU assets and lease liabilities for its operating leases of $118,031 and $126,309, respectively, but it did not materially impact the Company’s consolidated statements of operations or debt covenants. There has been no significant change to the accounting for finance leases.

Comprehensive Income: In February 2018, the FASB issued guidance that permits a Company to reclassify the stranded tax effects in accumulated other comprehensive income resulting from the enactment of H.R. 1, originally known as the Tax Cuts and Jobs Act (the “Tax Act”), to retained earnings. The Company elected to not reclassify such amounts to retained earnings. The Company releases disproportionate tax effects from accumulated other comprehensive income as individual items are liquidated. The Company adopted this guidance on December 29, 2018 and adoption did not have a material impact on the Company’s consolidated financial statements.

Implementation Costs Incurred in a Cloud Computing Arrangement Service Contract: In August 2018, the FASB issued guidance that aligns the requirements for capitalizing implementation costs incurred in a cloud computing arrangement service contract with the requirements for capitalizing implementation costs incurred to obtain or develop internal-use software. The Company adopted this guidance prospectively on December 29, 2018 and adoption did not have a material impact on the Company’s consolidated financial statements.

Guidance Not Yet Adopted

Measurement of Credit Losses on Financial Instruments: In June 2016 and as further amended in November 2018, the FASB issued guidance which requires entities to use a forward-looking expected loss model to estimate credit losses. It also requires additional disclosure related to credit quality of trade and other receivables, including information related to management’s

estimate of credit allowances. The Company adopted this guidance on December 28, 2019 and adoption did not have a material impact on its consolidated financial statements.

Simplifying the Accounting for Income Taxes: In December 2019, the FASB issued guidance that eliminates certain exceptions related to the approach for intraperiod tax allocations, the methodology for calculating income taxes in an interim period and other simplifications and clarifications. The guidance is effect for fiscal years beginning after December 15, 2020. Early adoption is permitted. The Company expects to adopt this guidance when effective and is evaluating the impact of adoption on its consolidated financial statements.

Use of Estimates

The preparation of the Company’s consolidated financial statements in conformity with generally accepted accounting principles requires it to make estimates and assumptions that affect reported amounts of assets, liabilities, revenues, expenses and disclosure of contingent assets and liabilities. Estimates are used in determining, among other items, the allowance for doubtful accounts, inventory valuation adjustments, self-insurance reserves for group medical insurance, workers’ compensation insurance and automobile liability insurance, future cash flows associated with impairment testing for intangible assets (including goodwill) and long-lived assets, useful lives for intangible assets, stock-based compensation, contingent earn-out liabilities and tax reserves. Actual results could differ from estimates.

Summary of Significant Accounting Policies

12 Months Ended

Dec. 27, 2019

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Revenue Recognition

Revenues from product sales are recognized at the point at which control of each product is transferred to the customer. The Company’s contracts contain performance obligations which are satisfied when customers have physical possession of each product. The majority of customer orders are fulfilled within a day and customer payment terms are typically 20 to 60 days from delivery. Shipping and handling activities are costs to fulfill the Company’s performance obligations. These costs are expensed as incurred and presented within operating expenses on the consolidated statements of operations. The Company offers certain sales incentives to customers in the form of rebates or discounts. These sales incentives are accounted as variable consideration. The Company estimates these amounts based on the expected amount to be provided to customers and records a corresponding reduction in revenue. The Company does not expect a significant reversal in the amount of cumulative revenue recognized. Sales tax billed to customers is not included in revenue but rather recorded as a liability owed to the respective taxing authorities at the time the sale is recognized.

The following table presents the Company’s net sales disaggregated by principal product category:



	December 27, 2019				December 28, 2018				December 29, 2017
Center-of-the-Plate	$	711,979	44.7	%	$	629,038	43.5	%	$	580,025	44.6	%
Dry Goods	278,930		17.5	%	253,176		17.5	%	224,323		17.2	%
Pastry	221,041		13.9	%	199,990		13.8	%	176,672		13.6	%
Cheeses and Charcuterie	158,834		10.0	%	151,640		10.5	%	133,024		10.2	%
Dairy and Eggs	110,740		7.0	%	106,768		7.4	%	90,613		7.0	%
Oils and Vinegars	80,156		5.0	%	76,313		5.3	%	71,962		5.5	%
Kitchen Supplies	30,154		1.9	%	27,684		2.0	%	24,901		1.9	%
Total	$	1,591,834	100	%	$	1,444,609	100	%	$	1,301,520	100	%

The Company determines its product category classification based on how the Company currently markets its products to its customers. The Company’s definition of its principal product categories may differ from the way in which other companies present similar information.

Deferred Revenue

Certain customer arrangements in the Company’s direct-to-consumer business, prepaid gift plans and gift card purchases, result in deferred revenues when cash payments are received in advance of performance. The Company recognizes revenue on its prepaid gift plans when control of each product is transferred to the customer. Performance obligations under the Company’s prepaid gift plans are satisfied within a period of twelve months or less. Gift cards issued by the Company do not have expiration dates. The Company records a liability for unredeemed gift cards at the time gift cards are sold and the liability is

reduced when the card is redeemed, the value of the card is escheated to the appropriate government agency, or through breakage. Gift card breakage is estimated based on the Company’s historical redemption experience and expected trends in redemption patterns. Amounts recognized through breakage represent the portion of the gift card liability that is not subject to unclaimed property laws and for which the likelihood of redemption is remote. The Company recorded deferred revenues, reflected as accrued liabilities on the Company’s consolidated balance sheets, of $1,345 and $1,496 as of December 27, 2019 and December 28, 2018, respectively.

Right of Return

The Company’s standard terms and conditions provide customers with a right of return if the goods received are not merchantable. Customers are either issued a replacement order at no cost, or are issued a credit for the returned goods. The Company recorded a refund liability of $314 and $303 as of December 27, 2019 and December 28, 2018, respectively. Refund liabilities are reflected as accrued liabilities on the Company’s consolidated balance sheets. The Company recognized a corresponding asset of $194 and $191 as of December 27, 2019 and December 28, 2018, respectively, for its right to recover products from customers on settling its refund liabilities. This asset is reflected as inventories, net on the Company’s consolidated balance sheets.

Contract Costs

Sales commissions are expensed when incurred because the amortization period is one year or less. These costs are presented within operating expenses on the Company’s consolidated statements of operations.

Cost of Sales

The Company records cost of sales based upon the net purchase price paid for a product, including applicable freight charges incurred to deliver the product to the Company’s warehouse.

Operating Expenses

Operating expenses include the costs of facilities, product shipping and handling costs, warehousing costs, protein processing costs, selling and general administrative activities. Shipping and handling costs included in operating expenses were $85,620, $79,143 and $70,108 for fiscal 2019, 2018 and 2017, respectively. Protein processing costs included in operating expenses were $17,530, $15,907 and $13,058 for fiscal 2019, 2018 and 2017, respectively.

Cash and Cash Equivalents

The Company considers all highly liquid investments with an original maturity of less than three months to be cash equivalents. The Company periodically maintains balances at financial institutions which may exceed Federal Deposit Insurance Corporation insured limits. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant risks on its cash in bank accounts.

Accounts Receivable

Accounts receivable consist of trade receivables from customers and are recorded net of an allowance for doubtful accounts. The allowance for doubtful accounts is determined based upon a number of specific criteria, such as whether a customer has filed for or been placed into bankruptcy, has had accounts referred to outside parties for collections or has had accounts significantly past due. The allowance also covers short paid invoices the Company deems to be uncollectable as well as a portion of trade accounts receivable balances projected to become uncollectable based upon historic patterns.

Inventories

Inventories consist primarily of finished goods, food and related food products held for resale and are valued at the lower of cost or market. Our different entities record inventory using a mixture of first-in, first-out and average cost, which we believe approximates first-in, first-out. The Company adjusts inventory balances for excess and obsolete inventories to approximate their net realizable value.

Vendor Rebates and Other Promotional Incentives

The Company receives consideration and product purchase credits from certain vendors that the Company accounts for as a reduction of cost of sales. There are several types of cash consideration received from vendors. The purchase incentive is primarily in the form of a specified amount per pound or per case, or an amount for year-over-year growth. For the years ended December 27, 2019, December 28, 2018 and December 29, 2017, the recorded purchase incentives totaled approximately $21,769, $19,731 and $17,265, respectively.

Concentrations of Credit Risks

Financial instruments that subject the Company to concentrations of credit risk consist of cash, temporary cash investments and trade receivables. The Company’s policy is to deposit its cash and temporary cash investments with major financial institutions. The Company distributes its food and related products to a customer base that consists primarily of leading menu-driven independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools, bakeries, patisseries, chocolateries, cruise lines, casinos and specialty food stores. To reduce credit risk, the Company performs ongoing credit evaluations of its customers’ financial conditions. The Company generally does not require collateral. However, the Company, in certain instances, has obtained personal guarantees from certain customers. There is no significant balance with any individual customer.

Equipment and Leasehold Improvements

Equipment and leasehold improvements are recorded at cost and are depreciated on a straight-line basis over the shorter of the estimated useful life of the asset or the lease term.

Leases

The Company leases various distribution centers, office facilities, vehicles and equipment. The Company determines if an arrangement contains a lease at contract inception. An arrangement is or contains a lease if the agreement identifies an asset, implicitly or explicitly, that the Company has the right to use over a period of time. If an arrangement contains a lease, the Company classifies the lease as either an operating lease or as a finance lease based on the five criteria defined in ASC 842.

Lease liabilities are recognized at commencement date based on the present value of the remaining lease payments over the lease term. The corresponding ROU asset is recognized for the same amount as the lease liability adjusted for any payments made at or before the commencement date, any lease incentives received, and any initial direct costs. The Company’s lease agreements may include options to renew, extend or terminate the lease. These clauses are included in the initial measurement of the lease liability when at lease commencement the Company is reasonably certain that it will exercise such options. The discount rate used is based on the Company’s incremental borrowing rate since the implicit rate in the Company’s leases is not readily determinable.

Operating lease expense is recognized on a straight-line basis over the lease term and presented within operating expenses on the Company’s consolidated statements of operations. Finance lease ROU assets are amortized on a straight-line basis over the shorter of the useful life of the asset or the lease term. Interest expense on the finance lease liability is recognized using the effective interest rate method and is presented within interest expense on the Company’s consolidated statements of operations. Variable rent payments related to both operating and finance leases are expensed as incurred. The Company’s variable lease payments primarily consist of real estate taxes, maintenance and usage charges. The Company made an accounting policy election to combine lease and non-lease components (maintenance, taxes and insurance) when measuring lease liabilities for vehicle and equipment leases.

The Company has elected to exclude short-term leases from the recognition requirements of ASC 842. A lease is short-term if, at the commencement date, it has a term of less than or equal to one year. Lease expense related to short-term leases is recognized on a straight-line basis over the lease term.

Software Costs

The Company capitalizes certain computer software licenses and software implementation costs that are included in software costs in its consolidated balance sheets. These costs were incurred in connection with developing or obtaining computer software for internal use if it has a useful life in excess of one year, in accordance with Accounting Standards Codification (“ASC”) 350-40 “Internal-Use Software.” Subsequent additions, modifications or upgrades to internal-use software are capitalized only to the extent that they allow the software to perform a task that it previously did not perform. Internal use

software is amortized on a straight-line basis over a three to seven year period. Capitalized costs include direct acquisitions as well as software and software development acquired under capitalized leases and internal labor where appropriate. Capitalized software purchases and related development costs, net of accumulated amortization, were $15,203 at December 27, 2019 and $12,469 at December 28, 2018.

Impairment of Long-Lived Assets

Long-lived assets, other than goodwill, are reviewed for impairment in accordance with ASC 360-10-35-15, “Impairment or Disposal of Long-Lived Assets” which only requires testing whenever events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable. If any indicators are present, a recoverability test is performed by comparing the carrying amount of the asset to the net undiscounted cash flows expected to be generated from the asset. If the net undiscounted cash flows do not exceed the carrying amount (i.e., the asset is not recoverable), an additional step is performed that determines the fair value of the asset and the Company records an impairment, if any. The Company has not recorded any impairment of long-lived assets in fiscal 2019, 2018 or 2017.

Convertible Debt

The Company evaluates debt instruments with embedded conversion features in accordance with ASC 815 “Derivatives and Hedging” and ASC 470 “Debt” both of which provide several criteria that determine whether a conversion feature must be bifurcated from its debt host and accounted as a separate financial instrument. An entity is not required to bifurcate if the conversion feature is indexed to its own stock, meets all equity classification criteria and does not contain a beneficial conversion feature. The Company determined that bifurcation of its convertible debt instruments was not required and recognized the principal amount of these instruments as debt in its consolidated balance sheets.

Debt Issuance Costs

Certain up-front costs associated with the Company’s asset based loan facility are capitalized and included in other non-current assets in the Company’s consolidated balance sheets. The Company had $1,363 and $1,765 of such unamortized costs as of December 27, 2019 and December 28, 2018, respectively. Costs associated with the issuance of other debt instruments are capitalized and presented as a direct deduction from the carrying amount of the underlying debt liability. The Company had $9,207 and $5,893 of such unamortized costs as of December 27, 2019 and December 28, 2018, respectively. These costs are amortized over the terms of the related debt instruments by the effective interest rate method. Amortization of debt issuance costs was $2,168 for the fiscal year ended December 27, 2019, $3,155 for the fiscal year ended December 28, 2018, inclusive of a $1,081 write-off of unamortized deferred financing fees as a result of the Company’s debt repricing (more fully described in Note 9 “Debt Obligations”) and $2,084 for the fiscal year ended December 29, 2017.

Business Combinations

The Company accounts for acquisitions in accordance with ASC 805 “Business Combinations.” Assets acquired and liabilities assumed are recorded in the accompanying consolidated balance sheets at their estimated fair values, as of the acquisition date. The excess of the purchase price over the fair values of identifiable assets and liabilities is recorded as goodwill. Acquisition-related expenses are recognized separately from the business combination and are expensed as incurred and presented in operating expenses in the Company’s consolidated results of operations. Results of operations are included in the Company’s financial statements from the date of acquisition.

Intangible Assets

The intangible assets recorded by the Company consist of customer relationships, covenants not to compete and trademarks which are amortized over their useful lives on a schedule that approximates the pattern in which economic benefits of the intangible assets are consumed. Intangible assets with finite lives are tested for impairment whenever events or changes in circumstances indicate that the carrying value may not be recoverable. If any indicators are present, a recoverability test is performed by comparing the carrying amount of the asset to the net undiscounted cash flows expected to be generated from the asset. Undiscounted cash flows expected to be generated by the related assets are estimated over the assets’ useful lives based on updated projections. If the evaluation indicates that the carrying amount of the asset may not be recoverable, the potential impairment is measured based on a projected discounted cash flow model. There have been no events or changes in circumstances during fiscal 2019, 2018 or 2017, indicating that the carrying value of our finite-lived intangible assets are not recoverable.

Goodwill

Goodwill is the excess of the acquisition cost of businesses over the fair value of identifiable net assets acquired in accordance with ASC 350, “Intangibles-Goodwill and Other.” The Company’s business consists of three operating segments: East Coast, Midwest and West Coast and these operating segments represent our reporting units. The Company evaluates the recoverability of goodwill at each of its reporting units annually in the fourth quarter, or more frequently when circumstances indicate an impairment may have occurred. A goodwill impairment loss, if any, would be recognized for the amount by which a reporting unit’s carrying value exceeded its fair value. The Company has the option to evaluate goodwill impairment using a qualitative or quantitative analysis.

For the fiscal year ended December 27, 2019, the Company assessed the recoverability of goodwill using a qualitative analysis and determined that it is more likely than not that the fair value of its reporting units exceeded their respective carry values. The qualitative analysis considered various factors including macroeconomic conditions, market conditions, industry trends, cost factors and financial performance, among others.

For the fiscal year ended December 28, 2018, the Company tested goodwill for impairment using a quantitative analysis. The Company estimated the fair value of its reporting units using an income approach and determined the fair value of its reporting units substantially exceeded their respective carry values. The Company’s income approach incorporates the use of a discounted cash flow methodology that involves many management assumptions that are based upon future growth projections. Assumptions include estimates of future revenue based upon budget projections and growth rates which take into account estimated inflation rates. The Company develops estimates of future levels of gross and operating profits and projected capital expenditures. This methodology includes the use of estimated discount rates based upon industry and competitor analysis as well as other factors. The Company also performed a reconciliation of its market capitalization and the estimate of the aggregate fair value of its reporting units, including consideration of a control premium.

There have been no events or changes in circumstances during fiscal 2019, 2018 or 2017, indicating that goodwill may be impaired.

Employee Benefit Programs

The Company sponsors a defined contribution plan covering substantially all full-time employees (the “401(k) Plan”). The Company recognized expense related to the 401(k) Plan totaling $1,268, $1,097 and $1,172, respectively, for fiscal 2019, 2018 and 2017.

Income Taxes

The Company accounts for income taxes in accordance with ASC 740, “Income Taxes.” Deferred tax assets or liabilities are recorded to reflect the future tax consequences of temporary differences between the financial reporting basis of assets and liabilities and their tax basis at each year-end. These amounts are adjusted, as appropriate, to reflect enacted changes in tax rates expected to be in effect when the temporary differences reverse. The Company estimates its ability to recover deferred tax assets within the jurisdiction from which they arise. This evaluation considers several factors, including results of recent operations, future taxable income, scheduled reversal of deferred tax liabilities, and tax planning strategies. The Company follows certain provisions of ASC 740, “Income Taxes” which established a single model to address accounting for uncertain tax positions and clarifies the accounting for income taxes by prescribing a minimum recognition threshold that a tax position is required to meet before being recognized in the financial statements. The Company evaluates uncertain tax positions, if any, by determining if it is more likely than not to be sustained upon examination by the tax authorities. The Company records uncertain tax positions when it is estimable and probable that such liabilities have been incurred. The Company, when required, will accrue interest and penalties related to income tax matters in income tax expense.

Commitments and Contingencies

The Company is subject to various claims and contingencies related to lawsuits, taxes and environmental matters, as well as commitments under contractual and other commercial obligations. The Company recognizes liabilities for contingencies and commitments when a loss is probable and can be reasonably estimated.

Contingent Earn-out Liabilities

The Company accounts for contingent consideration relating to business combinations as a liability and an increase to goodwill at the date of the acquisition and continually remeasures the liability at each balance sheet date by recording changes in the fair

value through the consolidated statements of operations. The Company determines the fair value of contingent consideration based on future operating projections under various potential scenarios, including the use of Monte Carlo simulations, and weighs the probability of these outcomes. The ultimate settlement of contingent earn-out liabilities relating to business combinations may be for amounts which are materially different from the amounts initially recorded and may cause volatility in the Company’s results of operations.

Stock-Based Compensation

The Company measures stock-based compensation at the grant date based on the fair value of the award. Restricted stock awards (“RSAs”) and performance share units are valued based on the fair value of the stock on the grant date. The related compensation expense is recognized over the service period on a straight-line basis and reduced by forfeitures when they occur. Compensation expense on performance share units reflects the estimated probable outcome at the end of the performance period. The fair value of stock options and RSAs with market conditions is determined based on a Monte Carlo simulation in order to simulate a range of possible future stock prices for the Company’s common stock. For awards subject to graded vesting, the Company ensures that the compensation expense recognized is at least equal to the vested portion of the award.

Self-Insurance Reserves

The Company maintains a self-insured group medical program. The program contains individual stop loss thresholds of $275 per incident and aggregate stop loss thresholds based upon the average number of employees enrolled in the program throughout the year. The amount in excess of the self-insured levels is fully insured by third party insurers. Liabilities associated with this program are estimated in part by considering historical claims experience and medical cost trends. Projections of future loss expenses are inherently uncertain because of the random nature of insurance claims occurrences and could be significantly affected if future occurrences and claims differ from these assumptions and historical trends.

The Company maintains an insurance program for its automobile liability and workers’ compensation insurance subject to deductibles or self-insured retentions of $500 per occurrence. The amounts in excess of the deductibles are fully insured by third party insurers. Liabilities associated with this program are estimated in part by considering historical claims experience and cost trends. Projections of future loss expenses are inherently uncertain because of the random nature of insurance claims occurrences and could be significantly affected if future occurrences and claims differ from these assumptions and historical trends.

Assets and Liabilities Measured at Fair Value

The Company accounts for certain assets and liabilities at fair value. The Company categorizes each of its fair value measurements in one of the following three levels based on the lowest level input that is significant to the fair value measurement in its entirety:

Level 1 - Inputs to the valuation methodology are unadjusted quoted prices in active markets for identical assets.

Level 2 - Observable inputs other than quoted prices in active markets for identical assets and liabilities include the following:


a)	quoted prices for similar assets in active markets;


b)	quoted prices for identical or similar assets in inactive markets;


c)	inputs other than quoted prices that are observable for the asset; and


d)	inputs that are derived principally from or corroborated by observable market data by correlation or other means.

If the asset has a specified (contractual) term, the Level 2 input must be observable for substantially the full term of the asset.

Level 3 - Inputs to the valuation methodology are unobservable (i.e., supported by little or no market activity) and significant to the fair value measure.

Net Income per Share

12 Months Ended

Dec. 27, 2019

Earnings Per Share [Abstract]

Net Income per Share

The following table sets forth the computation of basic and diluted earnings per share:



	Fiscal Year Ended
	December 27, 2019		December 28, 2018		December 29, 2017
Net income per share:
Basic	$	0.82	$	0.71	$	0.55
Diluted	$	0.81	$	0.70	$	0.54
Weighted average common shares:
Basic	29,532,342		28,703,265		26,118,482
Diluted	30,073,338		29,678,919		27,424,526

Reconciliation of net income per common share:



	Fiscal Year Ended
	December 27, 2019		December 28, 2018		December 29, 2017
Numerator:
Net income	$	24,193	$	20,402	$	14,366
Add effect of dilutive securities
Interest on convertible notes, net of tax	207		362		536
Adjusted net income	$	24,400	$	20,764	$	14,902
Denominator:
Weighted average basic common shares outstanding	29,532,342		28,703,265		26,118,482
Dilutive effect of stock options and unvested common shares	211,050		270,520		68,670
Dilutive effect of convertible notes	329,946		705,134		1,237,374
Weighted average diluted common shares outstanding	30,073,338		29,678,919		27,424,526

Potentially dilutive securities that have been excluded from the calculation of diluted net income per common share because the effect is anti-dilutive are as follows:



	Fiscal Year Ended
	December 27, 2019	December 28, 2018	December 29, 2017
Restricted Share Awards (“RSAs”)	132,861	42	84,511
Stock options	—	—	201,799
Convertible notes	76,384	—	—

Fair Value Measurements

12 Months Ended

Dec. 27, 2019

Fair Value Disclosures [Abstract]

Fair Value Measurements

Assets and Liabilities Measured at Fair Value

The Company’s contingent earn-out liabilities are measured at fair value. These liabilities were estimated using Level 3 inputs. The fair value of contingent consideration was determined based on a probability-based approach which includes projected results, percentage probability of occurrence and the application of a discount rate to present value the payments. A significant change in projected results, discount rate, or probabilities of occurrence could result in a significantly higher or lower fair value measurement. Changes in the fair value of contingent earn-out liabilities are reflected in operating expenses on the Company’s consolidated statements of operations.

The following table presents the changes in Level 3 contingent earn-out liabilities:



	Del Monte			Fells Point			Bassian		Other Acquisitions			Total
Balance December 29, 2017	$	649		$	4,579		$	—	$	—		$	5,228
Acquisition value	—			—			—		1,414			1,414
Cash payments	—			(3,000		)	—		—			(3,000		)
Changes in fair value	(649		)	2,070			—		27			1,448
Balance December 28, 2018	—			3,649			—		1,441			5,090
Acquisition value	—			—			7,450		479			7,929
Cash payments	(200		)	(3,000		)	—		(1,000		)	(4,200		)
Changes in fair value	200			3,895			507		1,277			5,879
Balance December 27, 2019	$	—		$	4,544		$	7,957	$	2,197		$	14,698

In May 2019, the Company fully settled its Del Monte earn-out liability for $200. The long-term portion of contingent earn-out liabilities was $7,957 and $2,792 as of December 27, 2019 and December 28, 2018, respectively, and are reflected as other liabilities and deferred credits on the Company’s consolidated balance sheets. The remaining short-term portion of earn-out liabilities are reflected as accrued liabilities on the Company’s consolidated balance sheets. Contingent earn-out liability payments in excess of the acquisition date fair value of the underlying contingent earn-out liability are classified as operating activities on the Company’s consolidated statements of cash flows and all other such payments are classified as financing activities.

Fair Value of Financial Instruments

The carrying amounts reported in the Company’s consolidated balance sheets for accounts receivable and accounts payable approximate fair value due to the immediate to short-term nature of these financial instruments. The fair values of the asset based loan facility and term loan approximated their book values as of December 27, 2019 and December 28, 2018 as these instruments had variable interest rates that reflected current market rates available to the Company.

The following table presents the carrying value and fair value of the Company’s convertible notes (more fully described in Note 9). In estimating the fair value of its convertible notes, the Company utilized Level 3 inputs including prevailing market interest rates to estimate the debt portion of the instrument and a Black Scholes valuation model to estimate the fair value of the conversion options. The Black Scholes model utilizes the market price of the Company’s common stock, estimates of the stock’s volatility and the prevailing risk free interest rate in calculating the fair value estimates.



	December 27, 2019
	Carrying Value		Fair Value
Convertible Senior Notes	$	150,000	$	165,000
Convertible Unsecured Note	$	4,000	$	4,282

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Acquisitions

12 Months Ended

Dec. 27, 2019

Business Combinations [Abstract]

Acquisitions

Bassian

On February 25, 2019, pursuant to an asset purchase agreement, the Company acquired substantially all of the assets of Bassian Farms, Inc. and certain affiliated entities (“Bassian”), a specialty center-of-the-plate distributor based in northern California. The aggregate purchase price for the transaction was approximately $31,777, including $27,990 paid in cash at closing and the issuance of a $4,000 unsecured convertible note, partially offset by the settlement of a net working capital true-up. The Company will also pay additional contingent consideration, if earned, in the form of an earn-out amount which could total $9,000 over a four-year period. The payment of the contingent earn-out liability is subject to the successful achievement of certain gross profit targets. The Company estimated the fair value of this contingent earn-out liability to be $7,957 and $7,450 as of December 27, 2019 and February 25, 2019, respectively.

Customer relationships, non-compete agreements and trademarks are valued at fair value using Level 3 inputs and are being amortized over 15, 5 and 10 years, respectively. Goodwill for the Bassian acquisition will be amortized over 15 years for tax purposes. The goodwill recorded primarily reflects the value of acquiring an established center-of-the-plate distributor to grow the Company's center-of-the-plate product category in the West Coast region, as well as any intangible assets that do not qualify

for separate recognition. The Company recognized professional fees of $235 in operating expenses related to the Bassian acquisition.

The table below sets forth the purchase price allocation of the Bassian acquisition:



	Bassian
Current assets	$	6,657
Customer relationships	15,530
Trademarks	4,610
Non-compete agreement	1,000
Goodwill	13,065
Fixed assets	856
Other assets	10
Current liabilities	(2,501		)
Earn-out liability	(7,450		)
Total consideration	$	31,777

The Company reflected net sales of $49,908 for Bassian in its consolidated statement of operations for the fifty-two weeks ended December 27, 2019. The Company has determined that separate disclosure of Bassian earnings is impracticable due to the integration of the Bassian business into the Company's operations in the San Francisco market.

During the years ended December 27, 2019 and December 28, 2018, the Company also paid approximately $300 and $13,401, respectively, on small strategic acquisitions.

Inventories	12 Months Ended
Inventories	Dec. 27, 2019
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consist primarily of finished product. Our entities record inventory using a mixture of first-in, first-out and average cost, which we believe approximates first-in, first-out. Inventory is reflected net of adjustments for shrinkage, excess and obsolescence totaling $1,937 and $1,921 at December 27, 2019 and December 28, 2018, respectively.

Equipment, Leasehold Improvements and Software

12 Months Ended

Dec. 27, 2019

Property, Plant and Equipment [Abstract]

Equipment, Leasehold Improvements and Software

Equipment, leasehold improvements and software as of December 27, 2019 and December 28, 2018 consisted of the following:



	Useful Lives	December 27, 2019			December 28, 2018
Land	Indefinite	$	1,170		$	1,170
Buildings	20 years	1,360			1,292
Machinery and equipment	5-10 years	21,718			17,837
Computers, data processing and other equipment	3-7 years	12,686			11,244
Software	3-7 years	29,305			22,779
Leasehold improvements	1-40 years	70,903			60,565
Furniture and fixtures	7 years	3,309			3,268
Vehicles	5-7 years	6,410			2,769
Other	7 years	95			95
Construction-in-process		9,200			15,757
		156,156			136,776
Less: accumulated depreciation and amortization		(63,310		)	(51,500		)
Equipment, leasehold improvements and software, net		$	92,846		$	85,276

Construction-in-process at December 27, 2019 related primarily to the implementation of the Company’s Enterprise Resource Planning (“ERP”) system and at December 28, 2018 related primarily to the implementation of the Company’s ERP system and the buildout of the Company’s headquarters in Ridgefield, CT. The buildout of the Company’s headquarters was completed during fiscal 2019. The rollout of its ERP system will continue through fiscal 2020. The net book value of equipment financed under finance leases at December 27, 2019 and December 28, 2018 was $3,905 and $388, respectively. No interest expense was capitalized during the fiscal years ended December 27, 2019, December 28, 2018 and December 29, 2017.

The components of depreciation and amortization expense were as follows:



	Fiscal Year Ended
	December 27, 2019		December 28, 2018		December 29, 2017
Depreciation expense	$	9,535	$	7,142	$	6,708
Software amortization	$	3,793	$	3,154	$	1,808

Goodwill and Other Intangible Assets

12 Months Ended

Dec. 27, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

The changes in the carrying amount of goodwill are presented as follows:



Carrying amount as of December 29, 2017	$	173,202
Goodwill adjustments⁽¹⁾	3,283
Acquisitions	7,839
Foreign currency translation	(44		)
Carrying amount as of December 28, 2018	184,280
Acquisitions	13,424
Foreign currency translation	39
Carrying amount as of December 27, 2019	$	197,743


(1)	The goodwill adjustments primarily relate to the Fells Point acquisition.

Other intangible assets consist of customer relationships being amortized over a period ranging from four to twenty years, trademarks being amortized over a period of one to forty years, and non-compete agreements being amortized over a period of two to six years.

Other intangible assets as of December 27, 2019 and December 28, 2018 consisted of the following:



	Weighted Average Remaining Amortization Period	Gross Carrying Amount		Accumulated Amortization			Net Amount
December 27, 2019
Customer relationships	134 months	$	135,226	$	(45,454	)	$	89,772
Non-compete agreements	49 months	8,579		(7,479		)	1,100
Trademarks	193 months	64,505		(16,626		)	47,879
Total		$	208,310	$	(69,559	)	$	138,751
December 28, 2018
Customer relationships	137 months	$	119,488	$	(36,185	)	$	83,303
Non-compete agreements	54 months	7,579		(7,251		)	328
Trademarks	213 months	59,862		(13,460		)	46,402
Total		$	186,929	$	(56,896	)	$	130,033

Amortization expense for other intangibles was $12,663, $11,910 and $12,033 for the fiscal years ended December 27, 2019, December 28, 2018 and December 29, 2017, respectively.

As of December 27, 2019, estimated amortization expense for other intangible assets for each of the next five fiscal years and thereafter is as follows:



2020	$	12,849
2021	12,844
2022	12,064
2023	11,036
2024	10,696
Thereafter	79,262
Total	$	138,751

Debt Obligations

12 Months Ended

Dec. 27, 2019

Debt Disclosure [Abstract]

Debt Obligations

Debt obligations as of December 27, 2019 and December 28, 2018 consisted of the following:



	December 27, 2019			December 28, 2018
Senior secured term loan	$	238,129		$	239,745
Convertible senior notes	150,000			—
Convertible unsecured note	4,000			—
Finance lease and other financing obligations	3,905			193
Asset-based loan facility	—			44,185
Deferred finance fees and original issue discount	(9,207		)	(5,893		)
Total debt obligations	386,827			278,230
Less: current installments	(721		)	(61		)
Total debt obligations excluding current installments	$	386,106		$	278,169

Maturities of the Company’s debt, excluding finance leases, for each of the next five years and thereafter at December 27, 2019 are as follows:



2020	$	—
2021	—
2022	238,129
2023	4,000
2024	150,000
Thereafter	—
Total	$	392,129

Senior Secured Term Loan Credit Facility

On June 22, 2016, the Company refinanced its debt structure by entering into a credit agreement (the “Term Loan Credit Agreement”) with a group of lenders for which Jefferies Finance LLC acts as administrative agent and collateral agent. The Term Loan Credit Agreement provides for a senior secured term loan B facility (the “Term Loan Facility”) in an aggregate amount of $305,000 (the loans outstanding under the Term Loan Facility, the “Term Loans”) maturing on June 22, 2022. Additionally, the Term Loan Facility includes an accordion which permits the Company to request that the lenders extend additional Term Loans in an aggregate principal amount of up to $50,000 (less the aggregate amount of certain indebtedness incurred to finance acquisitions) plus an unlimited amount subject to the Company’s Total Leverage Ratio not exceeding 4.90:1.00 on a pro forma basis. Borrowings were used to repay the Company’s senior secured notes, as well as the prior term loan and revolving credit facility. Remaining funds were used for capital expenditures, permitted acquisitions, working capital and general corporate purposes of the Company.

On December 13, 2017, the Company completed a repricing of the Term Loan Facility to reduce Applicable Rate (as defined in the Term Loan Credit Agreement) from 475 basis points to 400 basis points over the London Inter-bank Offered Rate (“LIBOR”). In connection with the repricing, the Company paid debt financing costs of $761 which were capitalized as deferred financing charges.

On July 6, 2018, the Company made a $47,100 prepayment and is no longer required to make quarterly amortization payments on the Term Loans. On November 16, 2018, the Company completed a repricing of the Term Loan Facility to reduce the Applicable Rate from 400 basis points to 350 basis points over LIBOR. In connection with the repricing, the Company paid debt financing costs of $626 which were capitalized as deferred financing charges. The Company wrote off unamortized deferred financing fees of $1,081 as a result of this repricing.

The interest charged on the Term Loans, will be equal to a spread plus, at the Company’s option, either the Base Rate (as defined in the Term Loan Credit Agreement) or LIBOR for one, two, three, six or (if consented to by the lenders) twelve-month interest periods chosen by the Company. The interest rate on the Term Loans at December 27, 2019 was 5.2%.

The Term Loan Facility contains customary affirmative covenants, negative covenants (including restrictions, subject to customary exceptions, on incurring debt or liens, paying dividends, repaying payment subordinated and junior lien debt,

disposing assets, and making investments and acquisitions), and events of default for a term loan B facility of this type, as more particularly described in the Term Loan Credit Agreement. As of December 27, 2019, the Company was in compliance with all debt covenants under the Term Loan Credit Agreement.

Asset-Based Loan Facility

On June 29, 2018, the Company entered into a credit agreement (the “ABL Credit Agreement”) with a group of lenders for which BMO Harris Bank, N.A. acts as administrative agent. The ABL Credit Agreement provides for an asset-based loan facility (the “ABL”) in the aggregate amount of up to $150,000. Borrowings under the ABL will be used, and are expected to be used, for capital expenditures, permitted acquisitions, working capital and general corporate purposes of the Company. Availability under the ABL will be limited to a borrowing base equal to the lesser of: (i) the aggregate amount of commitments or (ii) the sum of specified percentages of eligible receivables and eligible inventory, minus certain availability reserves. The co-borrowers under the ABL are entitled on one or more occasions, subject to the satisfaction of certain conditions, to request an increase in the commitments under the ABL in an aggregate principal amount of up to $25,000. The ABL matures on the earlier of June 29, 2023 and 90 days prior to the maturity date of the Company’s Term Loan Facility.

The interest rate charged on borrowing under the ABL is equal to a spread plus, at the Company’s option, either the Base Rate (as defined in the ABL Credit Agreement) or LIBOR (except for swingline loans) for one, two, three, six or (if consented to by the lenders) twelve-month, interest periods chosen by the Company. The Company will pay certain recurring fees with respect to the ABL, including fees on unused lender commitments.

The ABL Credit Agreement contains customary affirmative covenants, negative covenants and events of default as more particularly described in the ABL Credit Agreement. The Company is required to comply with a minimum consolidated fixed charge coverage ratio of 1:1 if the amount of availability under the ABL falls below $10,000 or 10% of the borrowing base.

The Company incurred transaction costs of $877 which were capitalized as deferred financing fees to be amortized over the term of the ABL. On July 6, 2018, the Company borrowed $47,100 under the ABL and made an equivalent prepayment on its Term Loans. On November 22, 2019, the Company fully paid all borrowings outstanding under the ABL and there was no balance outstanding as of December 27, 2019. The weighted average interest rate on our ABL borrowings was approximately 3.7% during fiscal 2019.

As of December 27, 2019, the Company was in compliance with all debt covenants and the Company had reserved $16,641 of the ABL for the issuance of letters of credit. As of December 27, 2019, funds totaling $133,359 were available for borrowing under the ABL.

Convertible Senior Notes

On November 22, 2019, the Company issued $150,000 aggregate principal amount of 1.875% Convertible Senior Notes (the “Senior Notes”). The Senior Notes were issued pursuant to an indenture, dated as of November 22, 2019 (the “Indenture”), between the Company and The Bank of New York Mellon Trust Company, N.A., as trustee. Approximately $43,225 of the net proceeds were used to repay all outstanding borrowings under the ABL and the Company intends to use the remainder for working capital and general corporate purposes, which may include future acquisitions.

The Senior Notes bear interest of 1.875% per annum payable semiannually in arrears on June 1 and December 1 of each year, beginning on June 1, 2020. At any time before the close of business on the scheduled trading day immediately before the maturity date, the Senior Notes will be convertible at the option of holders into shares of the Company’s common stock, together with cash in lieu of any fractional share, at an initial conversion price of approximately $44.20 per share. The conversion price is subject to adjustments upon the occurrence of certain events. The Senior Notes will mature on December 1, 2024, unless earlier converted or repurchased in accordance with their terms.

The Company may not redeem the Senior Notes at its option prior to maturity. In addition, if the Company undergoes a fundamental change, as described in the Indenture, holders may require the Company to repurchase for cash all or part of their Senior Notes at a repurchase price equal to 100% of the principal amount of the Senior Notes to be repurchased, plus accrued and unpaid interest up to, but excluding, the required repurchase date.

The Company incurred transaction costs of approximately $5,082 which were capitalized as deferred financing fees to be amortized over the term of the Senior Notes.

Convertible Unsecured Note

On February 25, 2019, the Company issued a $4,000 convertible unsecured note (the “Unsecured Note”), maturing on June 29, 2023, to Bassian Farms, Inc. (the “Holder”) as partial consideration in the Bassian acquisition. The interest rate charged on the Unsecured Note is 4.5% per annum and increases to 5.0% after the two-year anniversary of the closing date. The Company may, in certain instances beginning eighteen months after issuance of the Unsecured Note, redeem the Unsecured Note in whole or in part for cash or convert the Unsecured Note into shares of the Company’s common stock at the conversion price of $43.93 per share. After the two-year anniversary of the closing date, the Holder may convert the Unsecured Note into shares of the Company’s common stock at the conversion price. Upon a change of control event, the Holder may convert the Unsecured Note into shares of the Company’s common stock at the conversion price or redeem the Unsecured Note for cash.

Stockholders' Equity

12 Months Ended

Dec. 27, 2019

Stockholders' Equity Attributable to Parent [Abstract]

Stockholders' Equity

Stockholders’ Equity

On July 25, 2018, the holders of the $36,750 principal amount of convertible subordinated notes that were issued in connection with the Company’s acquisition of Del Monte Capitol Meat Company converted these notes and related accrued interest of $265 into 1,246,272 shares of the Company’s common stock.

On December 19, 2017, the Company completed a public offering of 1,900,000 shares of its common stock which resulted in net proceeds of approximately $34,020 after deducting underwriters’ fees, commissions and transaction expenses.

Equity Incentive Plan

On May 17, 2019, the Company’s stockholders approved the 2019 Omnibus Equity Incentive Plan (the “2019 Plan”). Concurrently, the 2011 Omnibus Equity Incentive Plan (the “2011 Plan”) was terminated and any shares remaining available for new grants under the 2011 Plan share reserve were extinguished. The purpose of the 2019 Plan is to promote the interests of the Company and its stockholders by (i) attracting and retaining key officers, employees and directors of, and consultants to, the Company and its Subsidiaries and Affiliates; (ii) motivating such individuals by means of performance-related incentives to achieve long-range performance goals; (iii) enabling such individuals to participate in the long-term growth and financial success of the Company; (iv) encouraging ownership of stock in the Company by such individuals; and (v) linking their compensation to the long-term interests of the Company and its stockholders.

The 2019 Plan is administered by the Compensation and Human Capital Committee (the “Committee”) of the Board of Directors and allows for the issuance of stock options, stock appreciation rights (“SARs”), RSAs, restricted share units, performance awards, or other stock-based awards. Stock option exercise prices are fixed by the Committee but shall not be less than the fair market value of a common share on the date of the grant of the option, except in the case of substitute awards. Similarly, the grant price of an SAR may not be less than the fair market value of a common share on the date of the grant. The Committee will determine the expiration date of each stock option and SAR, but in no case shall the stock option or SAR be exercisable after the expiration of 10 years from the date of the grant. The 2019 Plan provides for 2,600,000 shares available for grant. As of December 27, 2019, there were 2,222,088 shares available for grant.

Stock compensation expense was $4,399, $4,094 and $3,018 for the fiscal years ended December 27, 2019, December 28, 2018 and December 29, 2017, respectively. The related tax benefit for stock-based compensation was $883, $864 and $1,283 for the fiscal years ended December 27, 2019, December 28, 2018 and December 29, 2017, respectively.

The following table reflects the activity of RSAs during the fiscal years ended December 27, 2019 and December 28, 2018:



	Shares		Weighted Average Grant Date Fair Value
Unvested at December 29, 2017	329,761		$	16.69
Granted	311,957		23.62
Vested	(113,482	)	17.60
Forfeited	(1,506	)	17.13
Unvested at December 28, 2018	526,730		$	20.60
Granted	384,531		34.44
Vested	(115,459	)	21.32
Forfeited	(55,193	)	20.46
Unvested at December 27, 2019	740,609		$	27.68

The fair value of RSAs vested during the fiscal years ended December 27, 2019, December 28, 2018 and December 29, 2017, was $3,742, $2,936 and $1,703, respectively.

These awards are a mix of time-, market- and performance-based grants awarded to key employees and non-employee directors which vest over a range of periods of up to five-years. The market- and performance-based RSAs cliff vest, if at all, after the conclusion of a three-year performance period and vesting is subject to the award recipient’s continued service to the Company as of the vesting date. The number of performance-based RSAs that ultimately vest is based on the Company’s attainment of certain profitability and return on invested capital targets.

During fiscal 2019, the Company awarded market-based RSAs that vest based on the Company’s attainment of an average closing trade price of the Company’s common stock of $39.86 per share, based on an average of 20 consecutive trading days. The grant date fair value of these market-based performance awards was determined using a Monte Carlo simulation in order to simulate a range of possible future stock prices. Key assumptions used included a risk-free interest rate of 2.2% and expected volatility of 44.6%.

At December 27, 2019, the total unrecognized compensation cost for these unvested RSAs was $9,600 to be recognized over a weighted-average period of approximately 2.3 years. Of this total, $6,150 related to RSAs with time-based vesting provisions to be recognized over a weighted average period of 2.6 years and $3,450 related to RSAs with performance-based vesting provisions to be recognized over a weighted average period of 1.9 years.

The following table summarizes stock option activity during the fiscal years ended December 27, 2019 and December 28, 2018:



	Shares		Weighted Average Exercise Price		Aggregate Intrinsic Value		Weighted Average Remaining Contractual Term (in years)
Outstanding December 29, 2017	191,808		$	20.23	$	33	8.2
Granted	—		—
Exercised	—		—
Forfeited	—		—
Outstanding December 28, 2018	191,808		$	20.23	$	2,129	7.2
Granted	—		—
Exercised	(76,169	)	20.23
Forfeited	—		—
Outstanding December 27, 2019	115,639		$	20.23	$	2,051	6.2
Exercisable at December 27, 2019	115,639		20.23		$	2,051	6.2

The Company issues new shares upon the exercise of stock options. The Company recognized expense of $114, $601 and $557 on stock options during the fiscal years ended December 27, 2019, December 28, 2018 and December 29, 2017, respectively. These awards fully vested during fiscal 2019. No compensation expense related to the Company’s RSAs or stock options has been capitalized.

Leases

12 Months Ended

Dec. 27, 2019

Leases [Abstract]

Leases

The components of net lease cost for the fiscal year ended December 27, 2019 were as follows:



Operating lease cost	$	27,415
Finance lease cost:
Amortization of right-of-use asset	308
Interest expense on lease liabilities	96
Total finance lease cost	$	404
Short-term lease cost	2,143
Variable lease cost	2,707
Sublease income	(514		)
Total lease cost, net	$	32,155

The maturities of the Company’s lease liabilities for each of the next five fiscal years and thereafter at December 27, 2019 were as follows:



	Operating Leases									Finance Leases
	Related Party Real Estate		Third Party Real Estate		Vehicles and Equipment		Total			Vehicles and Equipment
2020	$	365	$	13,637	$	11,660	$	25,662		$	880
2021	—		13,332		9,368		22,700			874
2022	—		13,106		7,324		20,430			841
2023	—		12,210		4,948		17,158			747
2024	—		11,160		1,762		12,922			645
Thereafter	—		97,685		802		98,487			610
Total	$	365	$	161,130	$	35,864	$	197,359		$	4,597
Less interest							(59,334		)	(692		)
Present value							$	138,025		$	3,905

Supplemental balance sheet information related to finance leases was as follows:



	Balance Sheet Location	December 27, 2019
Short-term finance lease liabilities	Current portion of long-term debt	$	721
Long-term finance lease liabilities	Long-term debt, net of current portion	$	3,184

At December 27, 2019, the weighted-average lease term for operating and finance leases was 13.8 years and 5.4 years, respectively. At December 27, 2019, the weighted-average discount rate for operating and finance leases was 6.3% and 5.0%, respectively.

As of December 27, 2019, the Company is contractually obligated to make payments of approximately $5,307, related to long-term leases for several vehicles and a distribution and processing facility that have not commenced. Accordingly, the Company has not recognized ROU assets or lease liabilities associated with these leases.

The Company’s future minimum lease payments as of December 28, 2018, in accordance with legacy lease accounting standards, under non-cancelable operating and finance lease agreements were as follows:



	Operating Leases		Finance Leases
2019	$	24,666	$	56
2020	23,047		55
2021	19,918		50
2022	17,838		42
2023	14,876		4
Thereafter	47,330		—
Total minimum lease payments	$	147,675	207
Less interest			(49		)
Present value of capital lease obligations			$	158

Total rent expense for operating leases for the fiscal years ended December 28, 2018 and December 29, 2017 was $29,202 and $26,678, respectively. Total depreciation expense for finance leases for the fiscal years ended December 28, 2018 and December 29, 2017 was $52 and $64, respectively

Leases

The components of net lease cost for the fiscal year ended December 27, 2019 were as follows:



Operating lease cost	$	27,415
Finance lease cost:
Amortization of right-of-use asset	308
Interest expense on lease liabilities	96
Total finance lease cost	$	404
Short-term lease cost	2,143
Variable lease cost	2,707
Sublease income	(514		)
Total lease cost, net	$	32,155

The maturities of the Company’s lease liabilities for each of the next five fiscal years and thereafter at December 27, 2019 were as follows:



	Operating Leases									Finance Leases
	Related Party Real Estate		Third Party Real Estate		Vehicles and Equipment		Total			Vehicles and Equipment
2020	$	365	$	13,637	$	11,660	$	25,662		$	880
2021	—		13,332		9,368		22,700			874
2022	—		13,106		7,324		20,430			841
2023	—		12,210		4,948		17,158			747
2024	—		11,160		1,762		12,922			645
Thereafter	—		97,685		802		98,487			610
Total	$	365	$	161,130	$	35,864	$	197,359		$	4,597
Less interest							(59,334		)	(692		)
Present value							$	138,025		$	3,905

Supplemental balance sheet information related to finance leases was as follows:



	Balance Sheet Location	December 27, 2019
Short-term finance lease liabilities	Current portion of long-term debt	$	721
Long-term finance lease liabilities	Long-term debt, net of current portion	$	3,184



	Operating Leases		Finance Leases
2019	$	24,666	$	56
2020	23,047		55
2021	19,918		50
2022	17,838		42
2023	14,876		4
Thereafter	47,330		—
Total minimum lease payments	$	147,675	207
Less interest			(49		)
Present value of capital lease obligations			$	158

Income Taxes

12 Months Ended

Dec. 27, 2019

Income Tax Disclosure [Abstract]

Income Taxes

The provision for income taxes consists of the following for the fiscal years ended December 27, 2019, December 28, 2018 and December 29, 2017:



	December 27, 2019		December 28, 2018			December 29, 2017
Current income tax expense:
Federal	$	4,003	$	2,945		$	3,342
State	2,144		1,943			1,403
Total current income tax expense	6,147		4,888			4,745
Deferred income tax expense (benefit):
Federal	1,617		2,363			(1,059		)
Foreign	17		(472		)	215
State	429		663			141
Total deferred income tax expense (benefit)	2,063		2,554			(703		)
Total income tax expense	$	8,210	$	7,442		$	4,042

Income tax expense for the fiscal years ended December 27, 2019, December 28, 2018 and December 29, 2017 differed from amounts computed using the statutory federal income tax rate due to the following reasons:



	December 27, 2019			December 28, 2018			December 29, 2017
Statutory U.S. Federal tax	$	6,805		$	5,847		$	6,443
Differences due to:
State and local taxes, net of federal benefit	2,078			1,906			1,112
Change in valuation allowance	95			523			289
Impact of the Tax Act	—			—			(3,573		)
Stock compensation	(676		)	(197		)	162
Other	(92		)	(637		)	(391		)
Income tax expense	$	8,210		$	7,442		$	4,042

Deferred tax assets and liabilities at December 27, 2019 and December 28, 2018 consist of the following:



	December 27, 2019			December 28, 2018
Deferred tax assets:
Receivables and inventory	$	4,468		$	3,978
Accrued expenses	170			1,835
Self-insurance reserves	1,957			2,050
Net operating loss carryforwards	1,393			1,749
Stock compensation	1,894			1,670
Operating lease liabilities	37,740			—
Other	612			803
Total deferred tax assets	48,234			12,085

Deferred tax liabilities:
Property & equipment	(5,218		)	(3,446		)
Intangible assets	(15,192		)	(13,197		)
Contingent earn-out liabilities	(1,526		)	(3,179		)
Prepaid expenses and other	(1,379		)	(1,052		)
Operating lease right-of-use assets	(34,895		)	—
Total deferred tax liabilities	(58,210		)	(20,874		)
Valuation allowance	(907		)	(812		)
Total net deferred tax liability	$	(10,883	)	$	(9,601	)

The deferred tax provision results from the effects of net changes during the year in deferred tax assets and liabilities arising from temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The Company files income tax returns in the U.S. Federal and various state and local jurisdictions as well as the Canadian Federal and provincial districts. For Federal income tax purposes, the 2016 through 2019 tax years remain open for examination by the tax authorities under the normal three-year statute of limitations and the fact that we have not yet filed our tax return for 2019. For state tax purposes, the 2015 through 2019 tax years remain open for examination by the tax authorities under a four-year statute of limitations. The Company records interest and penalties, if any, in income tax expense.

At December 27, 2019, the Company had a valuation allowance of $907 which consisted of a full valuation allowance on the Company’s Canada net operating loss carryforward of $732, offset by a $267 reduction in deferred tax liabilities related to indefinite-lived intangible assets acquired in 2013, and a valuation allowance of $442 against the Company’s state net operating loss carryforwards. The valuation allowances on net operating loss carryforwards are necessary as they are not expected be be fully realizable in the future. The Company’s Canada net operating loss carryforward expires at various dates between fiscal 2036 and 2038 and the Company’s state net operating loss carryforwards expire at various dates between fiscal 2019 and 2038.

For financial reporting purposes, the Company’s foreign subsidiaries had operating income before income taxes of $18 for the fiscal year ended December 27, 2019 and net operating losses before income taxes of $3,223 and $1,520 for the fiscal years ended December 28, 2018 and December 29, 2017, respectively. The Company is permanently reinvested in the earnings of it’s foreign operations which are disregarded for US tax purposes. In addition, the US tax consequences and foreign withholding taxes on any future remittances are immaterial.

As of December 27, 2019 and December 28, 2018, the Company did not have any material uncertain tax positions.

Supplemental Disclosures of Cash Flow Information

12 Months Ended

Dec. 27, 2019

Supplemental Cash Flow Elements [Abstract]

Supplemental Disclosures of Cash Flow Information



	December 27, 2019		December 28, 2018		December 29, 2017
Cash paid for income taxes, net of cash received	$	6,046	$	4,825	$	333
Cash paid for interest	$	16,271	$	16,955	$	20,796
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	25,302	$	—	$	—
Operating cash flows from finance leases	$	96	$	—	$	—
ROU assets obtained in exchange for lease liabilities:
Operating leases	$	155,027	$	—	$	—
Finance leases	$	4,183	$	—	$	—
Non-cash investing and financing activities:
Sinking funds used to retire debt	$	—	$	—	$	2,939
Conversion of subordinated notes and accrued interest into common stock	$	—	$	37,015	$	—
Common stock issued for acquisitions	$	—	$	—	$	3,300
Contingent earn-out liabilities for acquisitions	$	7,929	$	1,414	$	4,445
Convertible notes issued for acquisitions	$	4,000	$	—	$	—

Employee Benefit Plans	12 Months Ended
Employee Benefit Plans	Dec. 27, 2019
Defined Contribution Plan [Abstract]
Employee Benefit Plans	Employee Benefit Plans Employee Tax-Deferred Savings Plan The Company offers a 401(k) Plan to eligible employees that provides for tax-deferred salary deductions for eligible employees. Employees may choose to make voluntary contributions of their annual compensation to the 401(k) Plan, limited to an annual maximum amount as set periodically by the Internal Revenue Service. The Company provides discretionary matching contributions equal to 50 percent of the employee’s contribution amount, up to a maximum of six percent of the employee’s annual salary, capped at $2.5 per employee per year. Matching contributions begin vesting after one year and are fully vested after five years. Employee contributions are fully vested when made. Under the 401(k) Plan there is no option available to the employee to receive or purchase the Company’s common stock. Matching contributions under the 401(k) Plan were $1,268, $1,097 and $1,172, respectively, for fiscal 2019, 2018 and 2017.

Related Parties	12 Months Ended
Related Parties	Dec. 27, 2019
Related Party Transactions [Abstract]
Related Parties	Related Parties The Company follows the guidance in ASC 850, “Related Party Disclosure”, which requires the disclosure of material related party transactions other than compensation arrangements, expense allowances, or other similar items that occur in the ordinary course of business. The Chefs’ Warehouse Mid-Atlantic, LLC, a subsidiary of the Company, leases a distribution facility that is 100% owned by entities controlled by Christopher Pappas, the Company’s chairman, president and chief executive officer, and John Pappas, the Company’s vice chairman and one of its directors, and are deemed to be affiliates of these individuals. Expense related to this facility was $433 for fiscal 2019 and $533 for fiscal 2018 and 2017. This lease was amended during the first quarter of fiscal 2019 and expires on September 30, 2020. The Company purchases products from ConAgra Foods, Inc. of which Steve Goldstone, a Director of the Company, was a member of the board of directors through September 20, 2018. The Company purchased approximately $662 worth of products from ConAgra Foods, Inc. through September 20, 2018 of fiscal 2018 and $701 during fiscal 2017. John DeBenedetti was a prior owner of Del Monte and served on the Company’s board of directors through April 20, 2018 at which point he ceased to be a related party. John DeBenedetti, indirectly through TJ Investments, LLC, owns an 8.33% ownership interest in Old World Provisions, which has been supplying products to the Company since the Del Monte acquisition. The Company purchased approximately $474 of products from Old World Provisions during the sixteen weeks ended April 20, 2018 and $1,713 during fiscal 2017. Mr. J. DeBenedetti was not involved in the day-to-day management of Old World Provisions. With the acquisition of Del Monte, the Company leased two warehouse facilities from certain prior owners of Del Monte, including John DeBenedetti. The first property is located in American Canyon, CA and is owned by TJ Management Co. LLC, an entity owned 50% by John DeBenedetti. The Company paid rent on this facility totaling $73 during the sixteen weeks ended April 20, 2018 and $219 during fiscal 2017. The second property is located in West Sacramento, CA and is owned by David DeBenedetti and Victoria DeBenedetti, the parents of John DeBenedetti. The Company paid rent on this facility totaling $78 during the sixteen weeks ended April 20, 2018 and $234 during fiscal 2017.

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Dec. 27, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Legal Contingencies The Company is involved in various legal proceedings. The Company establishes reserves for specific legal proceedings when it determines that the likelihood of an unfavorable outcome is probable and the amount of loss can be reasonably estimated. Management has also identified certain other legal matters where the Company believes an unfavorable outcome is reasonably possible and/or for which no estimate of possible losses can be made. The Company does not believe that there is a reasonable possibility of material loss or loss in excess of the amount that the Company has accrued. The Company recognizes legal fees related to any ongoing legal proceeding as incurred. Tax Audits The Company is involved in various tax matters, with respect to some of which the outcome is uncertain. These audits may result in the assessment of additional taxes that are subsequently resolved with authorities or potentially through the courts. Risk Management Programs The Company’s self-insurance reserves for its medical program totaled $1,220 and $946 at December 27, 2019 and December 28, 2018, respectively. The Company’s self-insurance reserves for its automobile liability program totaled $2,818 and $1,436 at December 27, 2019 and December 28, 2018, respectively. Self-insurance reserves for workers’ compensation totaled $7,082 and $8,812 at December 27, 2019 and December 28, 2018, respectively. Workforce As of December 27, 2019, approximately 8% of the Company’s employees are represented by unions, all of whom are operating under collective bargaining agreements which expire at various times between fiscal 2020 and 2022. Approximately 5% of the Company’s employees are under a collective bargaining agreement that expires in fiscal 2020.

Valuation Reserves

12 Months Ended

Dec. 27, 2019

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

Valuation Reserves

The following tables summarize the activity in our valuation accounts during the fiscal years ended December 27, 2019, December 28, 2018 and December 29, 2017:



	Balance at Beginning of Period		Additions Charged to Expense		Deductions			Balance at End of Period
Allowance for doubtful accounts
December 27, 2019	$	7,460	$	4,981	$	(3,595	)	$	8,846
December 28, 2018	8,026		3,790		(4,356		)	7,460
December 29, 2017	6,848		4,061		(2,883		)	8,026



Allowance for deferred tax assets
December 27, 2019	$	812	$	95	$	—	$	907
December 28, 2018	289		523		—		812
December 29, 2017	—		289		—		289

Quarterly Results (unaudited)

12 Months Ended

Dec. 27, 2019

Quarterly Financial Information Disclosure [Abstract]

Quarterly Results (unaudited)

The quarterly results of the Company for the fiscal years ended December 27, 2019 and December 28, 2018 are as follows:



	Fiscal 2019
	Q1 (1)		Q2		Q3		Q4
Net sales	$	357,027	$	411,420	$	396,880	$	426,507
Gross profit	90,189		106,475		101,993		107,696
Operating profit	6,150		15,536		10,648		18,434
Income before income taxes	1,565		10,685		6,107		14,046
Net income	1,134		7,746		4,425		10,888
Basic net income per share	0.04		0.26		0.15		0.37
Diluted net income per share	0.04		0.26		0.15		0.36



	Fiscal 2018
	Q1		Q2		Q3		Q4
Net sales	$	318,615	$	370,442	$	361,496	$	394,056
Gross profit	79,522		93,240		91,993		102,292
Operating profit	5,740		14,948		10,268		17,802
Income (loss) before income taxes	761		9,537		5,592		11,954
Net income (loss)	544		6,819		4,157		8,882
Basic net income (loss) per share	0.02		0.24		0.14		0.30
Diluted net income (loss) per share	0.02		0.24		0.14		0.30

(1)

The Company began reflecting the results of the Bassian acquisition in the first quarter of 2019.

Subsequent Events	12 Months Ended
Subsequent Events	Dec. 27, 2019
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On February 3, 2020, the Company entered into an asset purchase agreement to acquire substantially all of the assets of Cambridge Packing Co, Inc., a specialty center-of-plate producer and distributor in New England. The purchase price was approximately $17,002 paid in cash at closing and is subject to a customary working capital true-up. The Company is required to pay additional contingent consideration, if earned, of up to $3,000 over a two-year period upon successful attainment of certain gross profit targets. On January 27, 2020, the Company entered into an asset purchase agreement to acquire substantially all of the assets, including certain real-estate assets, of Sid Wainer & Son, a specialty food and produce distributor in New England. The purchase price was approximately $46,450 paid in cash at closing and is subject to a customary working capital true-up. The Company is required to pay additional contingent consideration, if earned, of up to $4,000 over a two-year period upon successful attainment of certain gross profit targets. The Company has not provided the preliminary purchase price allocations for these acquisitions as the initial accounting for them is incomplete.

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 27, 2019

Accounting Policies [Abstract]

Consolidation

Guidance Adopted and Not Yet Adopted

Guidance Adopted in Fiscal 2019


•	apply hindsight in determining the lease term of its leases;


•	not reassess whether any expired or existing contracts are or contain leases;


•	not reassess the lease classification of any expired or existing leases; and


•	not reassess initial direct costs for any existing leases.

Guidance Not Yet Adopted

estimate of credit allowances. The Company adopted this guidance on December 28, 2019 and adoption did not have a material impact on its consolidated financial statements.

Use of Estimates

Revenue Recognition, Deferred Revenue, Right of Return, Contract Costs, and Cost of Sales

Revenue Recognition

The following table presents the Company’s net sales disaggregated by principal product category:



	December 27, 2019				December 28, 2018				December 29, 2017
Center-of-the-Plate	$	711,979	44.7	%	$	629,038	43.5	%	$	580,025	44.6	%
Dry Goods	278,930		17.5	%	253,176		17.5	%	224,323		17.2	%
Pastry	221,041		13.9	%	199,990		13.8	%	176,672		13.6	%
Cheeses and Charcuterie	158,834		10.0	%	151,640		10.5	%	133,024		10.2	%
Dairy and Eggs	110,740		7.0	%	106,768		7.4	%	90,613		7.0	%
Oils and Vinegars	80,156		5.0	%	76,313		5.3	%	71,962		5.5	%
Kitchen Supplies	30,154		1.9	%	27,684		2.0	%	24,901		1.9	%
Total	$	1,591,834	100	%	$	1,444,609	100	%	$	1,301,520	100	%

Deferred Revenue

Right of Return

Contract Costs

Cost of Sales

The Company records cost of sales based upon the net purchase price paid for a product, including applicable freight charges incurred to deliver the product to the Company’s warehouse.

Operating Expenses

Operating expenses include the costs of facilities, product shipping and handling costs, warehousing costs, protein processing costs, selling and general administrative activities.

Cash and Cash Equivalents

Accounts receivable

Accounts Receivable

Inventories

Purchase Incentives

Vendor Rebates and Other Promotional Incentives

Concentrations of Credit Risks

Equipment and Leasehold Improvements

Equipment and leasehold improvements are recorded at cost and are depreciated on a straight-line basis over the shorter of the estimated useful life of the asset or the lease term.

Leases

Software Costs

Impairment of Long-Lived Assets

Convertible Debt and Debt Issuance Costs

Convertible Debt

Debt Issuance Costs

Business Combinations

Intangible Assets

Goodwill

Employee Benefit Programs

The Company sponsors a defined contribution plan covering substantially all full-time employees (the “401(k) Plan”).

Income Taxes

Commitments and Contingencies

Contingent Earn-out Liabilities

Stock-based Compensation

Stock-Based Compensation

Self-insurance Reserves

Self-Insurance Reserves

Assets and Liabilities Measured at Fair Value

Level 1 - Inputs to the valuation methodology are unadjusted quoted prices in active markets for identical assets.

Level 2 - Observable inputs other than quoted prices in active markets for identical assets and liabilities include the following:


a)	quoted prices for similar assets in active markets;


b)	quoted prices for identical or similar assets in inactive markets;


c)	inputs other than quoted prices that are observable for the asset; and


d)	inputs that are derived principally from or corroborated by observable market data by correlation or other means.

If the asset has a specified (contractual) term, the Level 2 input must be observable for substantially the full term of the asset.

Level 3 - Inputs to the valuation methodology are unobservable (i.e., supported by little or no market activity) and significant to the fair value measure.

Net Income per Share (Tables)

12 Months Ended

Dec. 27, 2019

Earnings Per Share [Abstract]

Schedule of earnings per share

The following table sets forth the computation of basic and diluted earnings per share:



	Fiscal Year Ended
	December 27, 2019		December 28, 2018		December 29, 2017
Net income per share:
Basic	$	0.82	$	0.71	$	0.55
Diluted	$	0.81	$	0.70	$	0.54
Weighted average common shares:
Basic	29,532,342		28,703,265		26,118,482
Diluted	30,073,338		29,678,919		27,424,526

Reconciliation of net income per common share:



	Fiscal Year Ended
	December 27, 2019		December 28, 2018		December 29, 2017
Numerator:
Net income	$	24,193	$	20,402	$	14,366
Add effect of dilutive securities
Interest on convertible notes, net of tax	207		362		536
Adjusted net income	$	24,400	$	20,764	$	14,902
Denominator:
Weighted average basic common shares outstanding	29,532,342		28,703,265		26,118,482
Dilutive effect of stock options and unvested common shares	211,050		270,520		68,670
Dilutive effect of convertible notes	329,946		705,134		1,237,374
Weighted average diluted common shares outstanding	30,073,338		29,678,919		27,424,526

Schedule of dilutive securities that have been excluded from the calculation of diluted net income

Potentially dilutive securities that have been excluded from the calculation of diluted net income per common share because the effect is anti-dilutive are as follows:



	Fiscal Year Ended
	December 27, 2019	December 28, 2018	December 29, 2017
Restricted Share Awards (“RSAs”)	132,861	42	84,511
Stock options	—	—	201,799
Convertible notes	76,384	—	—

Fair Value Measurements (Tables)

12 Months Ended

Dec. 27, 2019

Fair Value Disclosures [Abstract]

Schedule of changes in Level 3 contingent consideration liability

The following table presents the changes in Level 3 contingent earn-out liabilities:



	Del Monte			Fells Point			Bassian		Other Acquisitions			Total
Balance December 29, 2017	$	649		$	4,579		$	—	$	—		$	5,228
Acquisition value	—			—			—		1,414			1,414
Cash payments	—			(3,000		)	—		—			(3,000		)
Changes in fair value	(649		)	2,070			—		27			1,448
Balance December 28, 2018	—			3,649			—		1,441			5,090
Acquisition value	—			—			7,450		479			7,929
Cash payments	(200		)	(3,000		)	—		(1,000		)	(4,200		)
Changes in fair value	200			3,895			507		1,277			5,879
Balance December 27, 2019	$	—		$	4,544		$	7,957	$	2,197		$	14,698

Schedule of carrying value and fair value of the Company's convertible subordinated notes



	December 27, 2019
	Carrying Value		Fair Value
Convertible Senior Notes	$	150,000	$	165,000
Convertible Unsecured Note	$	4,000	$	4,282

Acquisitions (Tables)

12 Months Ended

Dec. 27, 2019

Business Combinations [Abstract]

Schedule of assets acquired and liabilities assumed

The table below sets forth the purchase price allocation of the Bassian acquisition:



	Bassian
Current assets	$	6,657
Customer relationships	15,530
Trademarks	4,610
Non-compete agreement	1,000
Goodwill	13,065
Fixed assets	856
Other assets	10
Current liabilities	(2,501		)
Earn-out liability	(7,450		)
Total consideration	$	31,777

Equipment, Leasehold Improvements and Software (Tables)

12 Months Ended

Dec. 27, 2019

Property, Plant and Equipment [Abstract]

Schedule of plant, equipment and leasehold improvements

Equipment, leasehold improvements and software as of December 27, 2019 and December 28, 2018 consisted of the following:



	Useful Lives	December 27, 2019			December 28, 2018
Land	Indefinite	$	1,170		$	1,170
Buildings	20 years	1,360			1,292
Machinery and equipment	5-10 years	21,718			17,837
Computers, data processing and other equipment	3-7 years	12,686			11,244
Software	3-7 years	29,305			22,779
Leasehold improvements	1-40 years	70,903			60,565
Furniture and fixtures	7 years	3,309			3,268
Vehicles	5-7 years	6,410			2,769
Other	7 years	95			95
Construction-in-process		9,200			15,757
		156,156			136,776
Less: accumulated depreciation and amortization		(63,310		)	(51,500		)
Equipment, leasehold improvements and software, net		$	92,846		$	85,276

The components of depreciation and amortization expense were as follows:



	Fiscal Year Ended
	December 27, 2019		December 28, 2018		December 29, 2017
Depreciation expense	$	9,535	$	7,142	$	6,708
Software amortization	$	3,793	$	3,154	$	1,808

Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 27, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of goodwill

The changes in the carrying amount of goodwill are presented as follows:



Carrying amount as of December 29, 2017	$	173,202
Goodwill adjustments⁽¹⁾	3,283
Acquisitions	7,839
Foreign currency translation	(44		)
Carrying amount as of December 28, 2018	184,280
Acquisitions	13,424
Foreign currency translation	39
Carrying amount as of December 27, 2019	$	197,743

(1)

The goodwill adjustments primarily relate to the Fells Point acquisition.

Schedule of other intangible assets

Other intangible assets as of December 27, 2019 and December 28, 2018 consisted of the following:



	Weighted Average Remaining Amortization Period	Gross Carrying Amount		Accumulated Amortization			Net Amount
December 27, 2019
Customer relationships	134 months	$	135,226	$	(45,454	)	$	89,772
Non-compete agreements	49 months	8,579		(7,479		)	1,100
Trademarks	193 months	64,505		(16,626		)	47,879
Total		$	208,310	$	(69,559	)	$	138,751
December 28, 2018
Customer relationships	137 months	$	119,488	$	(36,185	)	$	83,303
Non-compete agreements	54 months	7,579		(7,251		)	328
Trademarks	213 months	59,862		(13,460		)	46,402
Total		$	186,929	$	(56,896	)	$	130,033

Schedule of estimated future amortization expense

As of December 27, 2019, estimated amortization expense for other intangible assets for each of the next five fiscal years and thereafter is as follows:



2020	$	12,849
2021	12,844
2022	12,064
2023	11,036
2024	10,696
Thereafter	79,262
Total	$	138,751

Debt Obligations (Tables)

12 Months Ended

Dec. 27, 2019

Debt Disclosure [Abstract]

Schedule of debt obligations

Debt obligations as of December 27, 2019 and December 28, 2018 consisted of the following:



	December 27, 2019			December 28, 2018
Senior secured term loan	$	238,129		$	239,745
Convertible senior notes	150,000			—
Convertible unsecured note	4,000			—
Finance lease and other financing obligations	3,905			193
Asset-based loan facility	—			44,185
Deferred finance fees and original issue discount	(9,207		)	(5,893		)
Total debt obligations	386,827			278,230
Less: current installments	(721		)	(61		)
Total debt obligations excluding current installments	$	386,106		$	278,169

Schedule of maturities of the company's debt

Maturities of the Company’s debt, excluding finance leases, for each of the next five years and thereafter at December 27, 2019 are as follows:



2020	$	—
2021	—
2022	238,129
2023	4,000
2024	150,000
Thereafter	—
Total	$	392,129

Stockholders' Equity (Tables)

12 Months Ended

Dec. 27, 2019

Stockholders' Equity Attributable to Parent [Abstract]

Schedule of restricted stock activity

The following table reflects the activity of RSAs during the fiscal years ended December 27, 2019 and December 28, 2018:



	Shares		Weighted Average Grant Date Fair Value
Unvested at December 29, 2017	329,761		$	16.69
Granted	311,957		23.62
Vested	(113,482	)	17.60
Forfeited	(1,506	)	17.13
Unvested at December 28, 2018	526,730		$	20.60
Granted	384,531		34.44
Vested	(115,459	)	21.32
Forfeited	(55,193	)	20.46
Unvested at December 27, 2019	740,609		$	27.68

Summary of stock option activity

The following table summarizes stock option activity during the fiscal years ended December 27, 2019 and December 28, 2018:



	Shares		Weighted Average Exercise Price		Aggregate Intrinsic Value		Weighted Average Remaining Contractual Term (in years)
Outstanding December 29, 2017	191,808		$	20.23	$	33	8.2
Granted	—		—
Exercised	—		—
Forfeited	—		—
Outstanding December 28, 2018	191,808		$	20.23	$	2,129	7.2
Granted	—		—
Exercised	(76,169	)	20.23
Forfeited	—		—
Outstanding December 27, 2019	115,639		$	20.23	$	2,051	6.2
Exercisable at December 27, 2019	115,639		20.23		$	2,051	6.2

Key assumptions for weighted average grant date fair value of options

The following table summarizes stock option activity during the fiscal years ended December 27, 2019 and December 28, 2018:



	Shares		Weighted Average Exercise Price		Aggregate Intrinsic Value		Weighted Average Remaining Contractual Term (in years)
Outstanding December 29, 2017	191,808		$	20.23	$	33	8.2
Granted	—		—
Exercised	—		—
Forfeited	—		—
Outstanding December 28, 2018	191,808		$	20.23	$	2,129	7.2
Granted	—		—
Exercised	(76,169	)	20.23
Forfeited	—		—
Outstanding December 27, 2019	115,639		$	20.23	$	2,051	6.2
Exercisable at December 27, 2019	115,639		20.23		$	2,051	6.2

Leases (Tables)

12 Months Ended

Dec. 27, 2019

Leases [Abstract]

Components of Lease Expense

The components of net lease cost for the fiscal year ended December 27, 2019 were as follows:



Operating lease cost	$	27,415
Finance lease cost:
Amortization of right-of-use asset	308
Interest expense on lease liabilities	96
Total finance lease cost	$	404
Short-term lease cost	2,143
Variable lease cost	2,707
Sublease income	(514		)
Total lease cost, net	$	32,155

Maturities of Lease Liabilities, Operating Leases

The maturities of the Company’s lease liabilities for each of the next five fiscal years and thereafter at December 27, 2019 were as follows:



	Operating Leases									Finance Leases
	Related Party Real Estate		Third Party Real Estate		Vehicles and Equipment		Total			Vehicles and Equipment
2020	$	365	$	13,637	$	11,660	$	25,662		$	880
2021	—		13,332		9,368		22,700			874
2022	—		13,106		7,324		20,430			841
2023	—		12,210		4,948		17,158			747
2024	—		11,160		1,762		12,922			645
Thereafter	—		97,685		802		98,487			610
Total	$	365	$	161,130	$	35,864	$	197,359		$	4,597
Less interest							(59,334		)	(692		)
Present value							$	138,025		$	3,905

Maturities of Lease Liabilities, Finance Leases

The maturities of the Company’s lease liabilities for each of the next five fiscal years and thereafter at December 27, 2019 were as follows:



	Operating Leases									Finance Leases
	Related Party Real Estate		Third Party Real Estate		Vehicles and Equipment		Total			Vehicles and Equipment
2020	$	365	$	13,637	$	11,660	$	25,662		$	880
2021	—		13,332		9,368		22,700			874
2022	—		13,106		7,324		20,430			841
2023	—		12,210		4,948		17,158			747
2024	—		11,160		1,762		12,922			645
Thereafter	—		97,685		802		98,487			610
Total	$	365	$	161,130	$	35,864	$	197,359		$	4,597
Less interest							(59,334		)	(692		)
Present value							$	138,025		$	3,905

Supplemental Balance Sheet Information

Supplemental balance sheet information related to finance leases was as follows:



	Balance Sheet Location	December 27, 2019
Short-term finance lease liabilities	Current portion of long-term debt	$	721
Long-term finance lease liabilities	Long-term debt, net of current portion	$	3,184

Future Minimum Lease Payments, Operating Leases



	Operating Leases		Finance Leases
2019	$	24,666	$	56
2020	23,047		55
2021	19,918		50
2022	17,838		42
2023	14,876		4
Thereafter	47,330		—
Total minimum lease payments	$	147,675	207
Less interest			(49		)
Present value of capital lease obligations			$	158

Future Minimum Lease Payments, Capital Leases



	Operating Leases		Finance Leases
2019	$	24,666	$	56
2020	23,047		55
2021	19,918		50
2022	17,838		42
2023	14,876		4
Thereafter	47,330		—
Total minimum lease payments	$	147,675	207
Less interest			(49		)
Present value of capital lease obligations			$	158

Income Taxes (Tables)

12 Months Ended

Dec. 27, 2019

Income Tax Disclosure [Abstract]

Schedule of provision for income taxes

The provision for income taxes consists of the following for the fiscal years ended December 27, 2019, December 28, 2018 and December 29, 2017:



	December 27, 2019		December 28, 2018			December 29, 2017
Current income tax expense:
Federal	$	4,003	$	2,945		$	3,342
State	2,144		1,943			1,403
Total current income tax expense	6,147		4,888			4,745
Deferred income tax expense (benefit):
Federal	1,617		2,363			(1,059		)
Foreign	17		(472		)	215
State	429		663			141
Total deferred income tax expense (benefit)	2,063		2,554			(703		)
Total income tax expense	$	8,210	$	7,442		$	4,042

Schedule of income tax reconciliation



	December 27, 2019			December 28, 2018			December 29, 2017
Statutory U.S. Federal tax	$	6,805		$	5,847		$	6,443
Differences due to:
State and local taxes, net of federal benefit	2,078			1,906			1,112
Change in valuation allowance	95			523			289
Impact of the Tax Act	—			—			(3,573		)
Stock compensation	(676		)	(197		)	162
Other	(92		)	(637		)	(391		)
Income tax expense	$	8,210		$	7,442		$	4,042

Schedule of deferred tax assets and liabilities

Deferred tax assets and liabilities at December 27, 2019 and December 28, 2018 consist of the following:



	December 27, 2019			December 28, 2018
Deferred tax assets:
Receivables and inventory	$	4,468		$	3,978
Accrued expenses	170			1,835
Self-insurance reserves	1,957			2,050
Net operating loss carryforwards	1,393			1,749
Stock compensation	1,894			1,670
Operating lease liabilities	37,740			—
Other	612			803
Total deferred tax assets	48,234			12,085

Deferred tax liabilities:
Property & equipment	(5,218		)	(3,446		)
Intangible assets	(15,192		)	(13,197		)
Contingent earn-out liabilities	(1,526		)	(3,179		)
Prepaid expenses and other	(1,379		)	(1,052		)
Operating lease right-of-use assets	(34,895		)	—
Total deferred tax liabilities	(58,210		)	(20,874		)
Valuation allowance	(907		)	(812		)
Total net deferred tax liability	$	(10,883	)	$	(9,601	)

Supplemental Disclosures of Cash Flow Information (Tables)

12 Months Ended

Dec. 27, 2019

Supplemental Cash Flow Elements [Abstract]

Schedule of supplemental disclosures of cash flow information



	December 27, 2019		December 28, 2018		December 29, 2017
Cash paid for income taxes, net of cash received	$	6,046	$	4,825	$	333
Cash paid for interest	$	16,271	$	16,955	$	20,796
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	25,302	$	—	$	—
Operating cash flows from finance leases	$	96	$	—	$	—
ROU assets obtained in exchange for lease liabilities:
Operating leases	$	155,027	$	—	$	—
Finance leases	$	4,183	$	—	$	—
Non-cash investing and financing activities:
Sinking funds used to retire debt	$	—	$	—	$	2,939
Conversion of subordinated notes and accrued interest into common stock	$	—	$	37,015	$	—
Common stock issued for acquisitions	$	—	$	—	$	3,300
Contingent earn-out liabilities for acquisitions	$	7,929	$	1,414	$	4,445
Convertible notes issued for acquisitions	$	4,000	$	—	$	—

Valuation Reserves (Tables)

12 Months Ended

Dec. 27, 2019

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

Schedule of allowance for doubtful accounts

The following tables summarize the activity in our valuation accounts during the fiscal years ended December 27, 2019, December 28, 2018 and December 29, 2017:



	Balance at Beginning of Period		Additions Charged to Expense		Deductions			Balance at End of Period
Allowance for doubtful accounts
December 27, 2019	$	7,460	$	4,981	$	(3,595	)	$	8,846
December 28, 2018	8,026		3,790		(4,356		)	7,460
December 29, 2017	6,848		4,061		(2,883		)	8,026

Schedule of allowance for deferred tax assets



Allowance for deferred tax assets
December 27, 2019	$	812	$	95	$	—	$	907
December 28, 2018	289		523		—		812
December 29, 2017	—		289		—		289

Quarterly Results (unaudited) (Tables)

12 Months Ended

Dec. 27, 2019

Quarterly Financial Information Disclosure [Abstract]

Schedule of quarterly results

The quarterly results of the Company for the fiscal years ended December 27, 2019 and December 28, 2018 are as follows:



	Fiscal 2019
	Q1 (1)		Q2		Q3		Q4
Net sales	$	357,027	$	411,420	$	396,880	$	426,507
Gross profit	90,189		106,475		101,993		107,696
Operating profit	6,150		15,536		10,648		18,434
Income before income taxes	1,565		10,685		6,107		14,046
Net income	1,134		7,746		4,425		10,888
Basic net income per share	0.04		0.26		0.15		0.37
Diluted net income per share	0.04		0.26		0.15		0.36



	Fiscal 2018
	Q1		Q2		Q3		Q4
Net sales	$	318,615	$	370,442	$	361,496	$	394,056
Gross profit	79,522		93,240		91,993		102,292
Operating profit	5,740		14,948		10,268		17,802
Income (loss) before income taxes	761		9,537		5,592		11,954
Net income (loss)	544		6,819		4,157		8,882
Basic net income (loss) per share	0.02		0.24		0.14		0.30
Diluted net income (loss) per share	0.02		0.24		0.14		0.30

(1)

The Company began reflecting the results of the Bassian acquisition in the first quarter of 2019.

Operations and Basis of Presentation (Details) $ in Thousands	12 Months Ended
	Dec. 27, 2019 USD ($) segment	Dec. 29, 2018 USD ($)
Lessee, Lease, Description [Line Items]
Number of operating segments \| segment	3
Number of reportable segments \| segment	1
Cumulative effect adjustment, net of tax		$ (2,027)
Operating lease right-of-use assets	$ 127,649
Operating lease liabilities	$ 138,025
ASU 2016-02
Lessee, Lease, Description [Line Items]
Cumulative effect adjustment, net of tax		2,027
Operating lease right-of-use assets		118,031
Operating lease liabilities		$ 126,309

Summary of Significant Accounting Policies - Schedule of Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 27, 2019	Sep. 27, 2019	Jun. 28, 2019	Mar. 29, 2019	Dec. 28, 2018	Sep. 28, 2018	Jun. 29, 2018	Mar. 30, 2018	Dec. 27, 2019	Dec. 28, 2018	Dec. 29, 2017
Disaggregation of Revenue [Line Items]
Net sales	$ 426,507	$ 396,880	$ 411,420	$ 357,027	$ 394,056	$ 361,496	$ 370,442	$ 318,615	$ 1,591,834	$ 1,444,609	$ 1,301,520
Center-of-the-Plate
Disaggregation of Revenue [Line Items]
Net sales									711,979	629,038	580,025
Dry Goods
Disaggregation of Revenue [Line Items]
Net sales									278,930	253,176	224,323
Pastry
Disaggregation of Revenue [Line Items]
Net sales									221,041	199,990	176,672
Cheeses and Charcuterie
Disaggregation of Revenue [Line Items]
Net sales									158,834	151,640	133,024
Dairy and Eggs
Disaggregation of Revenue [Line Items]
Net sales									110,740	106,768	90,613
Oils and Vinegars
Disaggregation of Revenue [Line Items]
Net sales									80,156	76,313	71,962
Kitchen Supplies
Disaggregation of Revenue [Line Items]
Net sales									$ 30,154	$ 27,684	$ 24,901
Net Sales \| Product Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration risk, percentage									100.00%	100.00%	100.00%
Net Sales \| Product Concentration Risk \| Center-of-the-Plate
Disaggregation of Revenue [Line Items]
Concentration risk, percentage									44.70%	43.50%	44.60%
Net Sales \| Product Concentration Risk \| Dry Goods
Disaggregation of Revenue [Line Items]
Concentration risk, percentage									17.50%	17.50%	17.20%
Net Sales \| Product Concentration Risk \| Pastry
Disaggregation of Revenue [Line Items]
Concentration risk, percentage									13.90%	13.80%	13.60%
Net Sales \| Product Concentration Risk \| Cheeses and Charcuterie
Disaggregation of Revenue [Line Items]
Concentration risk, percentage									10.00%	10.50%	10.20%
Net Sales \| Product Concentration Risk \| Dairy and Eggs
Disaggregation of Revenue [Line Items]
Concentration risk, percentage									7.00%	7.40%	7.00%
Net Sales \| Product Concentration Risk \| Oils and Vinegars
Disaggregation of Revenue [Line Items]
Concentration risk, percentage									5.00%	5.30%	5.50%
Net Sales \| Product Concentration Risk \| Kitchen Supplies
Disaggregation of Revenue [Line Items]
Concentration risk, percentage									1.90%	2.00%	1.90%

Summary of Significant Accounting Policies - Narrative (Details)	12 Months Ended
	Dec. 27, 2019 USD ($) segment	Dec. 28, 2018 USD ($)	Dec. 29, 2017 USD ($)	Nov. 16, 2018 USD ($)
Disaggregation of Revenue [Line Items]
Deferred revenues	$ 1,345,000	$ 1,496,000
Refund liability	314,000	303,000
Right to recover product	$ 194,000	191,000
Contract costs, amortization period	1 year
Cost of sales	$ 1,185,481,000	1,077,562,000	$ 972,142,000
Protein processing costs	17,530,000	15,907,000	13,058,000
Purchase incentives	21,769,000	19,731,000	17,265,000
Capitalized software costs, net of accumulated amortization	15,203,000	12,469,000
Impairment of long-lived assets	0	0	0
Unamortized costs of certain up-front costs	1,363,000	1,765,000
Unamortized costs if issuance of other debt instruments	9,207,000	5,893,000
Amortization of debt issuance costs	$ 2,168,000	3,155,000	2,084,000
Number of operating segments \| segment	3
Write off, unamortized deferred financing fees				$ 1,081,000
Matching contribution under 401k plan	$ 1,268,000	1,097,000	1,172,000
Self-insurance stoploss threshold	275,000
Workers Compensation
Disaggregation of Revenue [Line Items]
Self insured retention amount per claim	500,000
Shipping and Handling
Disaggregation of Revenue [Line Items]
Cost of sales	$ 85,620,000	$ 79,143,000	$ 70,108,000
Minimum
Disaggregation of Revenue [Line Items]
Payment terms for contracts with customers	20 days
Minimum \| Software and Software Development Costs
Disaggregation of Revenue [Line Items]
Useful life of computer software	3 years
Maximum
Disaggregation of Revenue [Line Items]
Payment terms for contracts with customers	60 days
Maximum \| Software and Software Development Costs
Disaggregation of Revenue [Line Items]
Useful life of computer software	7 years

Net Income per Share - Schedule of earnings per share (Details) - $ / shares	3 Months Ended								12 Months Ended
	Dec. 27, 2019	Sep. 27, 2019	Jun. 28, 2019	Mar. 29, 2019	Dec. 28, 2018	Sep. 28, 2018	Jun. 29, 2018	Mar. 30, 2018	Dec. 27, 2019	Dec. 28, 2018	Dec. 29, 2017
Net income per share:
Basic (in dollars per share)	$ 0.37	$ 0.15	$ 0.26	$ 0.04	$ 0.30	$ 0.14	$ 0.24	$ 0.02	$ 0.82	$ 0.71	$ 0.55
Diluted (in dollars per share)	$ 0.36	$ 0.15	$ 0.26	$ 0.04	$ 0.30	$ 0.14	$ 0.24	$ 0.02	$ 0.81	$ 0.70	$ 0.54
Weighted average common shares:
Basic (in shares)									29,532,342	28,703,265	26,118,482
Diluted (in shares)									30,073,338	29,678,919	27,424,526

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-URI http://asc.fasb.org/extlink&oid=116637232&loc=SL114874131-224263

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
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-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1337-109256

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI http://asc.fasb.org/extlink&oid=117327953&loc=d3e4984-109258

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
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-Section 50
-Paragraph 1
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-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1252-109256

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-URI http://asc.fasb.org/extlink&oid=116637391&loc=SL114874048-224260

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=117326831&loc=SL5780133-109256

+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI http://asc.fasb.org/extlink&oid=117327953&loc=d3e4984-109258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1252-109256

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-URI http://asc.fasb.org/extlink&oid=116637391&loc=SL114874048-224260

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1337-109256

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=117326831&loc=SL5780133-109256

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-URI http://asc.fasb.org/extlink&oid=116637232&loc=SL114874131-224263

+ Details

Net Income per Share - Schedule of reconciliation of earnings per share (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 27, 2019	Sep. 27, 2019	Jun. 28, 2019	Mar. 29, 2019	Dec. 28, 2018	Sep. 28, 2018	Jun. 29, 2018	Mar. 30, 2018	Dec. 27, 2019	Dec. 28, 2018	Dec. 29, 2017
Net Income (Loss) Available to Common Stockholders, Basic [Abstract]
Net income	$ 10,888	$ 4,425	$ 7,746	$ 1,134	$ 8,882	$ 4,157	$ 6,819	$ 544	$ 24,193	$ 20,402	$ 14,366
Net Income (Loss) Available to Common Stockholders, Diluted [Abstract]
Interest on convertible notes, net of tax									207	362	536
Adjusted net income									$ 24,400	$ 20,764	$ 14,902
Earnings Per Share, Basic and Diluted, Other Disclosures [Abstract]
Weighted average basic common shares outstanding (in shares)									29,532,342	28,703,265	26,118,482
Dilutive effect of stock options and unvested common shares (in shares)									211,050	270,520	68,670
Dilutive effect of convertible notes (in shares)									329,946	705,134	1,237,374
Weighted average diluted common shares outstanding (in shares)									30,073,338	29,678,919	27,424,526

Net Income per Share - Schedule of dilutive securities that have been excluded from the calculation of diluted net income (Details Narrative) - shares	12 Months Ended
	Dec. 27, 2019	Dec. 28, 2018	Dec. 29, 2017
Restricted Share Awards (“RSAs”)
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares (in shares)	132,861	42	84,511
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares (in shares)	0	0	201,799
Convertible notes
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares (in shares)	76,384	0	0

Fair Value Measurements - Summary of Changes in Level 3 Contingent Consideration Liability (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 27, 2019	Dec. 28, 2018
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning	$ 5,090	$ 5,228
Acquisition value	7,929	1,414
Cash payments	(4,200)	(3,000)
Changes in fair value	5,879	1,448
Balance at ending	14,698	5,090
Del Monte
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning	0	649
Acquisition value	0	0
Cash payments	(200)	0
Changes in fair value	200	(649)
Balance at ending	0	0
Fells Point
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning	3,649	4,579
Acquisition value	0	0
Cash payments	(3,000)	(3,000)
Changes in fair value	3,895	2,070
Balance at ending	4,544	3,649
Bassian
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning	0	0
Acquisition value	7,450	0
Cash payments	0	0
Changes in fair value	507	0
Balance at ending	7,957	0
Other Acquisitions
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning	1,441	0
Acquisition value	479	1,414
Cash payments	(1,000)	0
Changes in fair value	1,277	27
Balance at ending	$ 2,197	$ 1,441

Fair Value Measurements - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 27, 2019	Dec. 28, 2018
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Changes in fair value	$ 5,879	$ 1,448
Long-term liability value	7,957	2,792
Del Monte
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Changes in fair value	$ 200	$ (649)

Fair Value Measurements - Summary of the Carrying Value and Fair Value of Convertible Subordinated Notes (Details) - Fair Value Inputs Level 3 $ in Thousands	Dec. 27, 2019 USD ($)
Senior Notes \| Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Convertible secured notes	$ 150,000
Senior Notes \| Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Convertible secured notes	165,000
Unsecured Debt \| Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Convertible secured notes	4,000
Unsecured Debt \| Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Convertible secured notes	$ 4,282

Acquisitions - Narrative (Details) - USD ($) $ in Thousands		12 Months Ended
Acquisitions - Narrative (Details) - USD ($) $ in Thousands	Feb. 25, 2019	Dec. 27, 2019	Dec. 28, 2018
Bassian
Business Acquisition [Line Items]
Aggregate purchase price	$ 31,777
Cash amount paid to former owners	27,990
Issuance of common shares	4,000
Additional contingent consideration, amount	$ 9,000
Additional contingent consideration, term	4 years
Estimated fair value of contingent earn-out liability	$ 7,450	$ 7,957
Goodwill amortization period for income tax purposes	15 years
Professional fees	$ 235
Net sales of acquiree since acquisition date		49,908
Bassian \| Customer relationships
Business Acquisition [Line Items]
Finite-lived intangible assets, amortization period	15 years
Bassian \| Non-compete agreements
Business Acquisition [Line Items]
Finite-lived intangible assets, amortization period	5 years
Bassian \| Trademarks
Business Acquisition [Line Items]
Finite-lived intangible assets, amortization period	10 years
Other Acquisitions
Business Acquisition [Line Items]
Cash amount paid to former owners		$ 300	$ 13,401

Acquisitions - Summary of Cash Price for Acquisition (Details) - USD ($) $ in Thousands	Dec. 27, 2019	Feb. 25, 2019	Dec. 28, 2018	Dec. 29, 2017
Business Acquisition [Line Items]
Goodwill	$ 197,743		$ 184,280	$ 173,202
Bassian
Business Acquisition [Line Items]
Current assets		$ 6,657
Goodwill		13,065
Fixed assets		856
Other assets		10
Current liabilities		(2,501)
Earn-out liability	$ (7,957)	(7,450)
Total consideration		31,777
Bassian \| Customer relationships
Business Acquisition [Line Items]
Finite-lived intangible assets		15,530
Bassian \| Trademarks
Business Acquisition [Line Items]
Finite-lived intangible assets		4,610
Bassian \| Non-compete agreements
Business Acquisition [Line Items]
Finite-lived intangible assets		$ 1,000

Inventories - Narrative (Details) - USD ($) $ in Thousands	Dec. 27, 2019	Dec. 28, 2018
Inventory Disclosure [Abstract]
Reserves for shrinkage and obsolescence	$ 1,937	$ 1,921

Equipment, Leasehold Improvements and Software (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 27, 2019	Dec. 28, 2018
Property, Plant and Equipment [Line Items]
Equipment and leasehold improvements, gross	$ 156,156	$ 136,776
Less: accumulated depreciation and amortization	(63,310)	(51,500)
Equipment, leasehold improvements and software, net	92,846	85,276
Land
Property, Plant and Equipment [Line Items]
Equipment and leasehold improvements, gross	$ 1,170	1,170
Buildings
Property, Plant and Equipment [Line Items]
Useful Lives	20 years
Equipment and leasehold improvements, gross	$ 1,360	1,292
Machinery and equipment
Property, Plant and Equipment [Line Items]
Equipment and leasehold improvements, gross	21,718	17,837
Computers, data processing and other equipment
Property, Plant and Equipment [Line Items]
Equipment and leasehold improvements, gross	12,686	11,244
Software
Property, Plant and Equipment [Line Items]
Equipment and leasehold improvements, gross	29,305	22,779
Leasehold improvements
Property, Plant and Equipment [Line Items]
Equipment and leasehold improvements, gross	$ 70,903	60,565
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Useful Lives	7 years
Equipment and leasehold improvements, gross	$ 3,309	3,268
Vehicles
Property, Plant and Equipment [Line Items]
Equipment and leasehold improvements, gross	$ 6,410	2,769
Other
Property, Plant and Equipment [Line Items]
Useful Lives	7 years
Equipment and leasehold improvements, gross	$ 95	95
Construction-in-process
Property, Plant and Equipment [Line Items]
Equipment and leasehold improvements, gross	$ 9,200	$ 15,757
Minimum \| Machinery and equipment
Property, Plant and Equipment [Line Items]
Useful Lives	5 years
Minimum \| Computers, data processing and other equipment
Property, Plant and Equipment [Line Items]
Useful Lives	3 years
Minimum \| Software
Property, Plant and Equipment [Line Items]
Useful Lives	3 years
Minimum \| Leasehold improvements
Property, Plant and Equipment [Line Items]
Useful Lives	1 year
Minimum \| Vehicles
Property, Plant and Equipment [Line Items]
Useful Lives	5 years
Maximum \| Machinery and equipment
Property, Plant and Equipment [Line Items]
Useful Lives	10 years
Maximum \| Computers, data processing and other equipment
Property, Plant and Equipment [Line Items]
Useful Lives	7 years
Maximum \| Software
Property, Plant and Equipment [Line Items]
Useful Lives	7 years
Maximum \| Leasehold improvements
Property, Plant and Equipment [Line Items]
Useful Lives	40 years
Maximum \| Vehicles
Property, Plant and Equipment [Line Items]
Useful Lives	7 years

Equipment, Leasehold Improvements and Software - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 27, 2019	Dec. 28, 2018	Dec. 29, 2017
Property, Plant and Equipment [Line Items]
Book value of equipment under finance leases	$ 92,846,000	$ 85,276,000
Capitalized interest expense	0	0	$ 0
Assets Held Under Finance Leases
Property, Plant and Equipment [Line Items]
Book value of equipment under finance leases	$ 3,905,000
Assets financed by capital leases
Property, Plant and Equipment [Line Items]
Assets financed by capital lease		$ 388,000

Equipment, Leasehold Improvements and Software - Depreciation and Amortization (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 27, 2019	Dec. 28, 2018	Dec. 29, 2017
Property, Plant and Equipment [Line Items]
Depreciation and amortization	$ 13,328	$ 10,296	$ 8,516
Property, Plant, And Equipment, Excluding Assets Held Under Finance Leases
Property, Plant and Equipment [Line Items]
Depreciation and amortization	9,535
Property, Plant, And Equipment, Excluding Assets Held Under Capital Leases
Property, Plant and Equipment [Line Items]
Depreciation and amortization		7,142	6,708
Software
Property, Plant and Equipment [Line Items]
Depreciation and amortization	$ 3,793	$ 3,154	$ 1,808

Goodwill and Other Intangible Assets - Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 27, 2019	Dec. 28, 2018
Goodwill [Roll Forward]
Beginning balance	$ 184,280	$ 173,202
Goodwill adjustments		3,283
Acquisitions	13,424	7,839
Foreign currency translation	39	(44)
Ending balance	$ 197,743	$ 184,280

Goodwill and Other Intangible Assets - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 27, 2019	Dec. 28, 2018	Dec. 29, 2017
Finite-Lived Intangible Assets [Line Items]
Amortization expense	$ 12,663	$ 11,910	$ 12,033
Customer relationships \| Minimum
Finite-Lived Intangible Assets [Line Items]
Useful life of intangible assets	4 years
Customer relationships \| Maximum
Finite-Lived Intangible Assets [Line Items]
Useful life of intangible assets	20 years
Trademarks \| Minimum
Finite-Lived Intangible Assets [Line Items]
Useful life of intangible assets	1 year
Trademarks \| Maximum
Finite-Lived Intangible Assets [Line Items]
Useful life of intangible assets	40 years
Non-compete agreements \| Minimum
Finite-Lived Intangible Assets [Line Items]
Useful life of intangible assets	2 years
Non-compete agreements \| Maximum
Finite-Lived Intangible Assets [Line Items]
Useful life of intangible assets	6 years

Goodwill and Other Intangible Assets - Intangible assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 27, 2019	Dec. 28, 2018
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 208,310	$ 186,929
Accumulated Amortization	(69,559)	(56,896)
Net Amount	$ 138,751	$ 130,033
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Amortization Period	134 months	137 months
Gross Carrying Amount	$ 135,226	$ 119,488
Accumulated Amortization	(45,454)	(36,185)
Net Amount	$ 89,772	$ 83,303
Non-compete agreements
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Amortization Period	49 months	54 months
Gross Carrying Amount	$ 8,579	$ 7,579
Accumulated Amortization	(7,479)	(7,251)
Net Amount	$ 1,100	$ 328
Trademarks
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Amortization Period	193 months	213 months
Gross Carrying Amount	$ 64,505	$ 59,862
Accumulated Amortization	(16,626)	(13,460)
Net Amount	$ 47,879	$ 46,402

Goodwill and Other Intangible Assets - Future amortization (Details) $ in Thousands	Dec. 27, 2019 USD ($)
Estimated amortization in fiscal year:
2020	$ 12,849
2021	12,844
2022	12,064
2023	11,036
2024	10,696
Thereafter	79,262
Total	$ 138,751

Debt Obligations - Schedule of debt obligations (Details) - USD ($) $ in Thousands	Dec. 27, 2019	Dec. 28, 2018
Debt Instrument [Line Items]
Finance lease and other financing obligations	$ 3,905
Finance lease and other financing obligations		$ 193
Deferred finance fees and original issue discount	(9,207)	(5,893)
Total debt obligations	386,827	278,230
Less: current installments	(721)	(61)
Total debt obligations excluding current installments	386,106	278,169
Senior secured term loan
Debt Instrument [Line Items]
Long-term debt	238,129	239,745
Convertible senior notes
Debt Instrument [Line Items]
Long-term debt	150,000	0
Convertible unsecured note
Debt Instrument [Line Items]
Long-term debt	4,000	0
Asset-based loan facility
Debt Instrument [Line Items]
Long-term debt	$ 0	$ 44,185

Debt Obligations - Schedule of maturities of the company's debt (Details) $ in Thousands	Dec. 27, 2019 USD ($)
Long-term Debt and Lease Obligation, Including Current Maturities [Abstract]
2020	$ 0
2021	0
2022	238,129
2023	4,000
2024	150,000
Thereafter	0
Total	$ 392,129

Debt Obligations - Senior Secured Term Loan Credit Facility (Details)					12 Months Ended
	Nov. 16, 2018 USD ($)	Jul. 06, 2018 USD ($)	Dec. 13, 2017 USD ($)	Jun. 22, 2016 USD ($)	Dec. 27, 2019 USD ($)	Dec. 28, 2018 USD ($)	Dec. 29, 2017 USD ($)
Debt Instrument [Line Items]
Payments of debt financing costs					$ 5,082,000	$ 1,502,000	$ 761,000
Payments under revolving credit line					$ 44,184,000	$ 2,916,000	$ 24,000,000
Write off, unamortized deferred financing fees	$ 1,081,000
Asset-based loan facility \| Term Loan Credit Agreement
Debt Instrument [Line Items]
Maximum debt borrowing capacity				$ 305,000,000
Payments of debt financing costs	$ 626,000		$ 761,000
Payments under revolving credit line		$ 47,100,000
Effective interest rate					5.20%
Asset-based loan facility \| Term Loan Credit Agreement \| LIBOR
Debt Instrument [Line Items]
Basis points	3.50%		4.00%	4.75%
Asset-based loan facility \| Delayed Draw Term Loan
Debt Instrument [Line Items]
Maximum debt borrowing capacity				$ 50,000,000
Budgeted leverage ratio				4.90

Debt Obligations - Asset-Based Loan Facility (Details)				12 Months Ended
Debt Obligations - Asset-Based Loan Facility (Details)	Jul. 06, 2018 USD ($)	Jun. 29, 2018 USD ($)	Jun. 22, 2016	Dec. 27, 2019 USD ($)	Dec. 28, 2018 USD ($)	Dec. 29, 2017 USD ($)
Debt Instrument [Line Items]
Deferred financing fees				$ 9,207,000	$ 5,893,000
Borrowings under asset based loan facility				0	$ 47,100,000	$ 24,000,000
Asset-based loan facility \| ABL Credit Agreement
Debt Instrument [Line Items]
Maximum debt borrowing capacity		$ 150,000,000
Potential principal amount increase		25,000,000
Minimum consolidated fixed charge coverage ratio			1
Minimum borrowing base		$ 10,000,000
Minimum borrowing base, percentage		10.00%
Deferred financing fees		$ 877,000
Borrowings under asset based loan facility	$ 47,100,000
Long-term line of credit outstanding balance				$ 0
Debt, weighted average interest rate				3.70%
Amounts reserved for issuance of letters of credit				$ 16,641,000
Line of credit facility, current borrowing capacity				$ 133,359,000

Debt Obligations - Convertible Debt (Details) - USD ($)		12 Months Ended
Debt Obligations - Convertible Debt (Details) - USD ($)	Nov. 22, 2019	Dec. 27, 2019	Dec. 28, 2018	Dec. 29, 2017
Debt Instrument [Line Items]
Payments under revolving credit line		$ 44,184,000	$ 2,916,000	$ 24,000,000
Unamortized costs of certain up-front costs		$ 1,363,000	$ 1,765,000
Convertible senior notes \| 1.875% Convertible Senior Notes
Debt Instrument [Line Items]
Principal amount	$ 150,000,000
Interest rate	1.875%
Conversion price (in dollars per share)	$ 44.20
Unamortized costs of certain up-front costs	$ 5,082,000
Asset-based loan facility \| ABL Credit Agreement
Debt Instrument [Line Items]
Payments under revolving credit line	$ 43,225,000

Debt Obligations - Convertible Unsecured Debt (Details) - Convertible senior notes - Convertible note maturing on June 29, 2023	Feb. 25, 2019 USD ($) $ / shares
Debt Instrument [Line Items]
Principal amount \| $	$ 4,000,000
Interest rate	4.50%
Interest rate, after two-year anniversary	5.00%
Earliest date term	2 years
Conversion price (in dollars per share) \| $ / shares	$ 43.93

Stockholders' Equity - Narrative (Details) - USD ($)			12 Months Ended
Stockholders' Equity - Narrative (Details) - USD ($)	Jul. 25, 2018	Dec. 19, 2017	Dec. 27, 2019	Dec. 28, 2018	Dec. 29, 2017	May 17, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Public offering of common stock (in shares)		1,900,000
Proceeds from the issuance of common stock, net of issuance costs		$ 34,020,000	$ 0	$ 0	$ 34,020,000
Weighted average remaining term (in years)			10 years
Number of shares authorized (in shares)						2,600,000
Number of shares available for grant (in shares)			2,222,088
Stock compensation expense			$ 4,399,000	4,094,000	3,018,000
Tax benefit for stock compensation			883,000	864,000	1,283,000
Compensation expense capitalized			$ 0
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average remaining term (in years)			2 years 3 months 18 days
Fair value of RSAs vested			$ 3,742,000	2,936,000	1,703,000
Total unrecognized compensation cost			$ 9,600,000
Time and Performance Based Grants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)			5 years
Time-Based Restricted Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average remaining term (in years)			2 years 7 months 6 days
Total unrecognized compensation cost			$ 6,150,000
Performance-Based Restricted Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average remaining term (in years)			1 year 10 months 24 days
Vesting period (in years)			3 years
Total unrecognized compensation cost			$ 3,450,000
Market-based Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Per share weighted average price of shares purchased (in dollars per share)			$ 39.86
Common stock trading period			20 days
Risk free interest rate			2.20%
Expected volatility rate			44.60%
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock or unit option plan expense			$ 114,000	$ 601,000	$ 557,000
Convertible unsecured note \| Convertible Subordinated Notes Effective April 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Debt converted	$ 36,750,000
Converted instrument	$ 265,000
Conversion of subordinated notes (in shares)	1,246,272

Stockholders' Equity - Schedule of restricted stock activity (Details) - Restricted Share Awards - $ / shares	12 Months Ended
	Dec. 27, 2019	Dec. 28, 2018
Number of Shares
Unvested at beginning (in shares)	526,730	329,761
Granted (in shares)	384,531	311,957
Vested (in shares)	(115,459)	(113,482)
Forfeited (in shares)	(55,193)	(1,506)
Unvested at ending (in shares)	740,609	526,730
Weighted Average Grant Date Fair Value
Unvested at beginning (in dollars per share)	$ 20.60	$ 16.69
Granted (in dollars per share)	34.44	23.62
Vested (in dollars per share)	21.32	17.60
Forfeited (in dollars per share)	20.46	17.13
Unvested at ending (in dollars per share)	$ 27.68	$ 20.60

Stockholders' Equity - Summary of stock option activity (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 27, 2019	Dec. 28, 2018	Dec. 29, 2017
Shares
Outstanding (in shares)	191,808	191,808
Granted (in shares)	0	0
Exercised (in shares)	(76,169)	0
Forfeited (in shares)	0	0
Outstanding (in shares)	115,639	191,808	191,808
Exercisable (in shares)	115,639
Weighted Average Exercise Price
Outstanding (in usd per share)	$ 20.23	$ 20.23
Granted (in usd per share)	0	0
Exercised (in usd per share)	20.23	0
Forfeited (in usd per share)	0	0
Outstanding (in usd per share)	20.23	$ 20.23	$ 20.23
Exercisable (in usd per share)	$ 20.23
Aggregate Intrinsic Value
Outstanding	$ 2,051	$ 2,129	$ 33
Exercisable	$ 2,051
Weighted Average Remaining Contractual Term (in years)
Outstanding	6 years 2 months 12 days	7 years 2 months 12 days	8 years 2 months 12 days
Exercisable	6 years 2 months 12 days

Leases - Components of Lease Expense (Details) $ in Thousands	12 Months Ended
	Dec. 27, 2019 USD ($)
Leases [Abstract]
Operating lease cost	$ 27,415
Finance lease cost:
Amortization of right-of-use asset	308
Interest expense on lease liabilities	96
Total finance lease cost	404
Short-term lease cost	2,143
Variable lease cost	2,707
Sublease income	(514)
Total lease cost, net	$ 32,155

Leases - Maturities of Lease Liabilities (Details) - USD ($) $ in Thousands	Dec. 27, 2019	Dec. 28, 2018
Operating Leases, After Adoption of 842:
2020	$ 25,662
2021	22,700
2022	20,430
2023	17,158
2024	12,922
Thereafter	98,487
Total	197,359
Less interest	(59,334)
Present value	138,025
Finance Leases, After Adoption of 842:
2020	880
2021	874
2022	841
2023	747
2024	645
Thereafter	610
Total	4,597
Less interest	(692)
Present value	3,905
Operating Leases, Before Adoption of 842:
2019		$ 24,666
2020		23,047
2021		19,918
2022		17,838
2023		14,876
Thereafter		47,330
Total minimum lease payments		147,675
Capital Leases, Before Adoption of 842:
2019		56
2020		55
2021		50
2022		42
2023		4
Thereafter		0
Total minimum lease payments		207
Less interest		(49)
Present value of capital lease obligations		$ 158
Real Estate \| Third Party
Operating Leases, After Adoption of 842:
2020	13,637
2021	13,332
2022	13,106
2023	12,210
2024	11,160
Thereafter	97,685
Total	161,130
Real Estate \| Related Party
Operating Leases, After Adoption of 842:
2020	365
2021	0
2022	0
2023	0
2024	0
Thereafter	0
Total	365
Vehicles and Equipment
Operating Leases, After Adoption of 842:
2020	11,660
2021	9,368
2022	7,324
2023	4,948
2024	1,762
Thereafter	802
Total	$ 35,864

Leases - Supplemental Balance Sheet Information Related to Leases (Details) $ in Thousands	Dec. 27, 2019 USD ($)
Leases [Abstract]
Short-term finance lease liabilities	$ 721
Long-term finance lease liabilities	$ 3,184

Leases - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 27, 2019	Dec. 28, 2018	Dec. 29, 2017
Lessee, Lease, Description [Line Items]
Operating leases, weighted-average lease term	13 years 9 months 18 days
Finance leases, weighted-average lease term	5 years 4 months 24 days
Operating leases, weighted-average discount rate	6.30%
Finance leases, weighted-average discount rate	5.00%
Lease not yet commenced, contractually obligated payments	$ 5,307
Rent expense operating leases		$ 29,202	$ 26,678
Depreciation and amortization	$ 13,328	10,296	8,516
Assets financed by capital leases
Lessee, Lease, Description [Line Items]
Depreciation and amortization		$ 52	$ 64

Income Taxes - Schedule of provision of income taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 27, 2019	Dec. 28, 2018	Dec. 29, 2017
Current income tax expense:
Federal	$ 4,003	$ 2,945	$ 3,342
State	2,144	1,943	1,403
Total current income tax expense	6,147	4,888	4,745
Deferred income tax expense (benefit):
Federal	1,617	2,363	(1,059)
Foreign	17	(472)	215
State	429	663	141
Total deferred income tax expense (benefit)	2,063	2,554	(703)
Total income tax expense	$ 8,210	$ 7,442	$ 4,042

Income Taxes - Schedule of income tax reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 27, 2019	Dec. 28, 2018	Dec. 29, 2017
Income Tax Disclosure [Abstract]
Statutory U.S. Federal tax	$ 6,805	$ 5,847	$ 6,443
Differences due to:
State and local taxes, net of federal benefit	2,078	1,906	1,112
Change in valuation allowance	95	523	289
Impact of the Tax Act	0	0	(3,573)
Stock compensation	(676)	(197)	162
Other	(92)	(637)	(391)
Total income tax expense	$ 8,210	$ 7,442	$ 4,042

Income Taxes - Schedule of deferred tax assets and liabilities (Details) - USD ($) $ in Thousands	Dec. 27, 2019	Dec. 28, 2018
Deferred tax assets:
Receivables and inventory	$ 4,468	$ 3,978
Accrued expenses	170	1,835
Self-insurance reserves	1,957	2,050
Net operating loss carryforwards	1,393	1,749
Stock compensation	1,894	1,670
Operating lease liabilities	37,740
Other	612	803
Total deferred tax assets	48,234	12,085
Deferred tax liabilities:
Property & equipment	(5,218)	(3,446)
Intangible assets	(15,192)	(13,197)
Contingent earn-out liabilities	(1,526)	(3,179)
Prepaid expenses and other	(1,379)	(1,052)
Operating lease right-of-use assets	(34,895)
Total deferred tax liabilities	(58,210)	(20,874)
Valuation allowance	(907)	(812)
Total net deferred tax liability	$ (10,883)	$ (9,601)

Income Taxes - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
Income Taxes - Narrative (Details) - USD ($) $ in Thousands	Dec. 27, 2019	Dec. 28, 2018	Dec. 29, 2017
Operating Loss Carryforwards [Line Items]
Deferred tax assets, valuation allowance	$ 907	$ 812
Increase (decrease) in deferred tax liabilities related to indefinite-lived intangible assets acquired in 2013	267
Foreign income (loss) from continuing operations before income tax	18	$ (3,223)	$ (1,520)
State
Operating Loss Carryforwards [Line Items]
Valuation against state net operating loss carryforwards	442
Canada Revenue Agency
Operating Loss Carryforwards [Line Items]
Net loss carryforwards	$ 732

Supplemental Disclosures of Cash Flow Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 27, 2019	Dec. 28, 2018	Dec. 29, 2017
Supplemental Cash Flow Elements [Abstract]
Cash paid for income taxes, net of cash received	$ 6,046	$ 4,825	$ 333
Cash paid for interest	16,271	16,955	20,796
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	25,302
Operating cash flows from finance leases	96
ROU assets obtained in exchange for lease liabilities:
Operating leases	155,027
Finance leases	4,183
Non-cash investing and financing activities:
Sinking funds used to retire debt	0	0	2,939
Conversion of subordinated notes and accrued interest into common stock	0	37,015	0
Common stock issued for acquisitions	0	0	3,300
Contingent earn-out liabilities for acquisitions	7,929	1,414	4,445
Convertible notes issued for acquisitions	$ 4,000	$ 0	$ 0

Employee Benefit Plans (Details Narrative) - USD ($)	12 Months Ended
Employee Benefit Plans (Details Narrative) - USD ($)	Dec. 27, 2019	Dec. 28, 2018	Dec. 29, 2017
Defined Contribution Plan [Abstract]
Employers contribution to employees under 401k plan	50.00%
Maximum employees contribution under 401k plan	6.00%
Employers contribution, per associate	$ 2,500
Matching contribution under 401k plan begin vesting period	1 year
Matching contribution under 401k plan fully vested period	5 years
Matching contribution under 401k plan	$ 1,268,000	$ 1,097,000	$ 1,172,000

Related Parties (Details) $ in Thousands	12 Months Ended
Related Parties (Details) $ in Thousands	Dec. 27, 2019 USD ($) warehouse	Dec. 28, 2018 USD ($)	Dec. 29, 2017 USD ($)
Related Party Transaction [Line Items]
Expenses from transactions with related party	$ 433		$ 533
TJ Management Co. LLC
Related Party Transaction [Line Items]
Expenses from transactions with related party		$ 73	219
Equity interest in related parties	8.33%
Old World Provisions
Related Party Transaction [Line Items]
Purchase of products		474	1,713
TJ Management Co. LLC \| ConAgra Foods, Inc
Related Party Transaction [Line Items]
Purchase of products		662	701
Directors
Related Party Transaction [Line Items]
Number of warehouse facilities leased from prior owners of newly acquired company \| warehouse	2
John DeBenedetti \| TJ Management Co. LLC
Related Party Transaction [Line Items]
Equity interest in related parties	50.00%
Theresa Lincoln \| TJ Management Co. LLC
Related Party Transaction [Line Items]
Expenses from transactions with related party		$ 78	$ 234

Commitments and Contingencies - Narrative (Details) - USD ($) $ in Thousands	Dec. 27, 2019	Dec. 28, 2018
Other Commitments [Line Items]
Self insurance reserve	$ 1,220	$ 946
Percentage of employees represented by unions	8.00%
Expiring in fiscal 2019
Other Commitments [Line Items]
Percentage of employees represented by unions	5.00%
Automobiles
Other Commitments [Line Items]
Self insurance reserve	$ 2,818	1,436
Workers Compensation
Other Commitments [Line Items]
Self insurance reserve	$ 7,082	$ 8,812

Valuation Reserves (Details) - USD ($) $ in Thousands	12 Months Ended
Valuation Reserves (Details) - USD ($) $ in Thousands	Dec. 27, 2019	Dec. 28, 2018	Dec. 29, 2017
Allowance for doubtful accounts
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	$ 7,460	$ 8,026	$ 6,848
Additions Charged to Expense	4,981	3,790	4,061
Deductions	(3,595)	(4,356)	(2,883)
Balance at End of Period	8,846	7,460	8,026
Allowance for deferred tax assets
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	812	289	0
Additions Charged to Expense	95	523	289
Deductions	0	0	0
Balance at End of Period	$ 907	$ 812	$ 289

Quarterly Results (unaudited) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 27, 2019	Sep. 27, 2019	Jun. 28, 2019	Mar. 29, 2019	Dec. 28, 2018	Sep. 28, 2018	Jun. 29, 2018	Mar. 30, 2018	Dec. 27, 2019	Dec. 28, 2018	Dec. 29, 2017
Quarterly Financial Information Disclosure [Abstract]
Net sales	$ 426,507	$ 396,880	$ 411,420	$ 357,027	$ 394,056	$ 361,496	$ 370,442	$ 318,615	$ 1,591,834	$ 1,444,609	$ 1,301,520
Gross profit	107,696	101,993	106,475	90,189	102,292	91,993	93,240	79,522	406,353	367,047	329,378
Operating profit	18,434	10,648	15,536	6,150	17,802	10,268	14,948	5,740	50,768	48,758	41,127
Income before income taxes	14,046	6,107	10,685	1,565	11,954	5,592	9,537	761	32,403	27,844	18,408
Net income	$ 10,888	$ 4,425	$ 7,746	$ 1,134	$ 8,882	$ 4,157	$ 6,819	$ 544	$ 24,193	$ 20,402	$ 14,366
Basic net income per share (in dollars per share)	$ 0.37	$ 0.15	$ 0.26	$ 0.04	$ 0.30	$ 0.14	$ 0.24	$ 0.02	$ 0.82	$ 0.71	$ 0.55
Diluted net income per share (in dollars per share)	$ 0.36	$ 0.15	$ 0.26	$ 0.04	$ 0.30	$ 0.14	$ 0.24	$ 0.02	$ 0.81	$ 0.70	$ 0.54

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Subsequent Events (Details) - Subsequent Event - USD ($) $ in Thousands	Feb. 03, 2020	Jan. 27, 2020
Cambridge Packing Co
Subsequent Event [Line Items]
Payments for asset acquisitions	$ 17,002
Additional consideration, if earned	$ 3,000
Additional consideration, if earned, period		2 years
Sid Wainer & Sons
Subsequent Event [Line Items]
Payments for asset acquisitions		$ 46,450
Additional consideration, if earned		$ 4,000
Additional consideration, if earned, period		2 years

Label	Element	Value
Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ (2,027,000)