View, Snyders Financial Statements From 2010 to 2020, Sponsored content. Snyder's-Lance seeking revenue growth abroad through acquisitions. (6)  For 2017, impairment charges recorded for certain trademarks and our European reporting unit goodwill. (3)  Expenses associated with the relocation of Emerald production from Stockton, CA to Charlotte, NC, including the packaging write-offs due to required packaging changes as a result of the transaction. (4)  Transformation initiative costs primarily consist of write off of certain materials and packaging associated with our elimination of certain SKU items, expenses associated with the closure of our Perry, FL manufacturing facility as well as severance benefits and professional fees related to our performance transformation plan. (6)  Loss on early extinguishment of debt as a result of the early repayment of our private placement loan due to the financing obtained for the acquisition of Diamond Foods. In this press release, we make statements which may be forward-looking within the meaning of applicable securities laws, which represent our current judgment about possible future events. (5)  For 2017, impairment charges recorded for certain trademarks and our European reporting unit goodwill. Information about the directors and executive officers of the Company is set forth in its Annual Report on Form 10-K for the year ended December 31, 2016, which was filed with the SEC on February 28, 2017, its proxy statement for its 2017 annual meeting of shareholders, which was filed with the SEC on March 27, 2017, its Quarterly Report on Form 10-Q for the quarter ended September 30, 2017, which was filed with the SEC on November 9, 2017, and in other documents filed with the SEC by the Company and its officers and directors. Management uses adjusted EBITDA as a key metric in the evaluation of underlying Company performance, in making financial, operating and planning decisions. (8)  For 2017, other items primarily relate to expenses incurred in relation to the pending acquisition of the Company by Campbell Soup Company partially offset by reductions of accruals associated with certain litigation. In making these statements we rely on current expectations, assumptions and analyses based on our experience and perception of historical trends, current conditions and expected future developments as well as other factors we consider appropriate under the circumstances. Snyder's-Lance's revenue is the ranked 12th among it's top 10 competitors. Snyder's-Lance seeking revenue growth abroad through acquisitions. Upgrade to remove this ad. The operating margin expansion was the result of lower general and administrative expenses, and supply chain productivity and cost initiatives. *Descriptions of measures excluding special items are provided in “Use and Definition of Non-GAAP Measures,” and reconciliations are provided in the tables at the end of this release. (7)  For 2016, other items primarily consist of Metcalfe's transaction-related expenses, including severance benefits, as well as an inventory step-up related to this acquisition, partially offset by proceeds from a business interruption claim. Net income, earnings per share, and the effective income tax rate, excluding special items, are measures management uses for planning and budgeting, monitoring and evaluating financial and operating results. For 2016, impairment changes recorded for certain unused fixed assets. © 2020 GlobeNewswire, Inc. All Rights Reserved. (2)  For 2016, transaction and integration related expenses primarily consist of professional fees, accelerated stock-based compensation, relocation, severance, and retention costs associated with the acquisition of Diamond Foods and the inventory step-up for the additional cost of sales as a result of stepping up Diamond Food's inventory to fair value at the acquisition date. (2)  Expenses primarily associated with the relocation of Emerald production from Stockton, CA to Charlotte, NC, including packaging write-offs due to required packaging changes as a result of the transaction. (3)  Transformation initiative costs primarily consist of write off of certain materials and packaging associated with our elimination of certain SKU items, expenses associated with the closure of our Perry, FL manufacturing facility as well as severance benefits related to our performance transformation plan. Changes in operating assets and liabilities, excluding business acquisitions, and foreign currency translation adjustments: Net cash provided by operating activities, Proceeds from sale of fixed assets and insurance recoveries, Proceeds from sale of discontinued operations, Business acquisitions, net of cash acquired, Net cash provided by/(used in) investing activities, Dividends paid to stockholders and non-controlling interests, Excess tax benefits from stock-based compensation, Share repurchases, including shares surrendered for tax withholding, Net cash (used in)/provided by financing activities, Transaction and integration related expenses (1), Emerald move and required packaging changes (2), Transaction and integration related expenses (1)(2), Emerald move and required packaging changes (3), Transaction and integration related expenses, net of tax (1) (2), Emerald move and required packaging changes, net of tax (3), Transformation initiative, net of tax (4), Loss on debt extinguishment, net of tax (6), Net loss attributable to non-controlling interests, Net income attributable to Snyder's-Lance, Inc. from continuing operations. Investor ContactKevin Powers, Senior Director, Investor Relations and Communicationskpowers@snyderslance.com, (704) 557-8279, Media ContactJoey Shevlin, Director, Corporate Communications & Public AffairsJShevlin@snyderslance.com, (704) 557-8850, SNYDER’S-LANCE, INC. AND SUBSIDIARIESConsolidated Statements of Income (Unaudited), SNYDER’S-LANCE, INC. AND SUBSIDIARIESConsolidated Balance Sheets (Unaudited)As of December 30, 2017 and December 31, 2016, SNYDER’S-LANCE, INC. AND SUBSIDIARIESReconciliation of Non-GAAP Measures (Unaudited)Gross profit, excluding special items.