A. Organization and Basis of Presentation
\u00a0
The Boston Beer Company, Inc. and certain subsidiaries (the \u201cCompany\u201d) are engaged in the business of selling alcohol beverages throughout the United States and in selected international markets, under the tradenames \u201cThe Boston Beer Company\u00ae\u201d, \u201cTwisted Tea Brewing Company\u00ae\u201d, \u201cHard Seltzer Beverage Company\u201d, \u201cAngry Orchard\u00ae Cider Company\u201d, \u201cDogfish Head\u00ae Craft Brewery\u201d, \u201cDogfish Head Distilling Co.\u201d, \u201cAngel City\u00ae Brewing Company\u201d, \u201cConey Island\u00ae Brewing Company\u201d, \"Green Rebel Brewing Co.\", \"Sun Cruiser Beverage Co.\", \"American Fermentation Company LLC\", and \"Sinless Spirits Company\".
\u00a0
The accompanying unaudited condensed consolidated balance sheet as of June 28, 2025, and the unaudited condensed consolidated statements of comprehensive operations, stockholders\u2019 equity, and cash flows for the interim periods ended June 28, 2025 and June 29, 2024, respectively, have been prepared by the Company in accordance with U.S. generally accepted accounting principles (\u201cGAAP\u201d) for interim financial information and pursuant to the rules and regulations of the Securities and Exchange Commission. Accordingly, certain information and footnotes normally included in financial statements prepared in accordance with GAAP have been condensed or omitted. All intercompany accounts and transactions have been eliminated. These condensed consolidated financial statements should be read in conjunction with the audited financial statements included in the Company\u2019s Annual Report on Form 10-K for the year ended December 28, 2024.
\u00a0
In the opinion of the Company\u2019s management, the Company\u2019s unaudited condensed consolidated balance sheet as of June 28, 2025 and the results of its condensed consolidated comprehensive operations, stockholders\u2019 equity, and cash flows for the interim periods ended June 28, 2025 and June 29, 2024, reflect all adjustments (consisting only of normal and recurring adjustments) necessary to present fairly the results of the interim periods presented. The operating results for the interim periods presented are not necessarily indicative of the results expected for the full year.
"}]},{"name":"rpt:f-383","factDimensions":{"xbrl:concept":"us-gaap:NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock","xbrl:period":"2024-12-29T00:00:00/2025-06-29T00:00:00","xbrl:entity":"cik:0000949870"},"factValues":[{"value":"B. Recent Accounting Pronouncements
\u00a0
New accounting pronouncements are issued periodically by the FASB and are adopted by the Company as of the specified effective dates. Unless otherwise disclosed below, the Company believes that recently issued and adopted pronouncements will not have a material impact on the Company\u2019s financial position, results of operations and cash flows or do not apply to the Company\u2019s operations.
\u00a0
In December 2023, the FASB issued ASU 2023-09\u2014Income Taxes (Topic 740): Improvements to Income Tax Disclosures. This ASU was issued to address investor requests for more transparency about income tax information through improvements to income tax disclosure primarily related to the rate reconciliation and income taxes paid information, and to improve the effectiveness of income tax disclosures. This ASU is effective for public entities for annual periods beginning after December 15, 2024. ASU 2023-09 will be effective for the Company for its fiscal year ending December 27, 2025. The Company is currently evaluating the impact the adoption of this ASU will have on its year-end consolidated financial statement disclosures.
\u00a0
In November 2024, the FASB issued ASU 2024-03\u2014Income Statement - Reporting Comprehensive Income - Expenses Disaggregation Disclosures (SubTopic 220-40): Disaggregation of Income Statement Expenses. This ASU was issued to address investor requests for more detailed information about the types of expenses in commonly presented expense captions (such as cost of sales, SG&A, and research and development). This ASU is effective for public entities for annual periods beginning after December 15, 2026. Early adoption is permitted. ASU 2024-03 will be effective for the Company in the first quarter of its fiscal year ending December 25, 2027. The Company is currently evaluating the impact the adoption of this ASU will have on its consolidated financial statements.
"}]},{"name":"rpt:f-384","factDimensions":{"xbrl:concept":"us-gaap:RevenueFromContractWithCustomerTextBlock","xbrl:period":"2024-12-29T00:00:00/2025-06-29T00:00:00","xbrl:entity":"cik:0000949870"},"factValues":[{"value":"C. Revenue Recognition
\u00a0
The breakdown of revenue during the thirteen and twenty-six weeks ended June 28, 2025 and June 29, 2024 were as follows:
\u00a0
\n| \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n |
\u00a0 | \n Thirteen weeks ended | \n \u00a0 | \n \u00a0 | \n Twenty-six weeks ended | \n \u00a0 | \n ||||||||||
\u00a0 | \n June 28, | \n \u00a0 | \n \u00a0 | \n June 29, | \n \u00a0 | \n \u00a0 | \n June 28, | \n \u00a0 | \n \u00a0 | \n June 29, | \n \u00a0 | \n ||||
Shipments to domestic distributors | \n \u00a0 | \n 93 | \n % | \n \u00a0 | \n \u00a0 | \n 94 | \n % | \n \u00a0 | \n \u00a0 | \n 94 | \n % | \n \u00a0 | \n \u00a0 | \n 94 | \n % | \n
Shipments to international distributors | \n \u00a0 | \n 6 | \n % | \n \u00a0 | \n \u00a0 | \n 5 | \n % | \n \u00a0 | \n \u00a0 | \n 5 | \n % | \n \u00a0 | \n \u00a0 | \n 5 | \n % | \n
Sales at retail locations | \n \u00a0 | \n 1 | \n % | \n \u00a0 | \n \u00a0 | \n 1 | \n % | \n \u00a0 | \n \u00a0 | \n 1 | \n % | \n \u00a0 | \n \u00a0 | \n 1 | \n % | \n
\u00a0 | \n \u00a0 | \n 100 | \n % | \n \u00a0 | \n \u00a0 | \n 100 | \n % | \n \u00a0 | \n \u00a0 | \n 100 | \n % | \n \u00a0 | \n \u00a0 | \n 100 | \n % | \n
\u00a0
The Company recognizes revenue when obligations under the terms of a contract with its customer are satisfied; generally, this occurs with the transfer of title of its products. Revenue is measured as the amount of consideration expected to be received in exchange for transferring products. If the conditions for revenue recognition are not met, the Company defers the revenue until all conditions are met. As of June 28, 2025 and December 28, 2024, the Company has deferred $19.9 million and $11.3 million, respectively, in revenue related to product shipped prior to these dates. These amounts are included in accrued expenses and other current liabilities in the accompanying condensed consolidated balance sheets.
\u00a0
Customer promotional discount programs are entered into by the Company with distributors for certain periods of time. The reimbursements for discounts to distributors are recorded as reductions to net revenue and were $21.6 million and $33.9 million for the thirteen and twenty-six weeks ended June 28, 2025, respectively, and $20.1 million and $30.3 million for the thirteen and twenty-six weeks ended June 29, 2024, respectively. The agreed-upon discount rates are applied to certain distributors' sales to retailers, based on volume metrics, in order to determine the total discounted amount. The computation of the discount allowance requires that management make certain estimates and assumptions that affect the timing and amounts of revenue and liabilities recorded. Actual promotional discounts owed and paid have historically been in line with allowances recorded by the Company; however, the amounts could differ from the estimated allowance.
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Customer programs and incentives are a common practice in the alcohol beverage industry. Amounts paid in connection with customer programs and incentives are recorded as reductions to net revenue or as advertising, promotional and selling expenses, based on the nature of the expenditure. Customer incentives and other payments made to distributors are primarily based upon performance of certain marketing and advertising activities. Depending on applicable state laws and regulations, these activities promoting the Company's products may include, but are not limited to point-of-sale and merchandise placement, samples, product displays, promotional programs at retail locations and meals, travel and entertainment. Amounts paid to customers in connection with these programs that were recorded as reductions to net revenue or as advertising, promotional and selling expenses for the thirteen and twenty-six weeks ended June 28, 2025 and June 29, 2024 were as follows:
\u00a0
\n| \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n |
\u00a0 | \n Thirteen weeks ended | \n \u00a0 | \n \u00a0 | \n Twenty-six weeks ended | \n \u00a0 | \n ||||||||||
\u00a0 | \n June 28, | \n \u00a0 | \n \u00a0 | \n June 29, | \n \u00a0 | \n \u00a0 | \n June 28, | \n \u00a0 | \n \u00a0 | \n June 29, | \n \u00a0 | \n ||||
\u00a0 | \n (in thousands) | \n \u00a0 | \n \u00a0 | \n (in thousands) | \n \u00a0 | \n ||||||||||
Amount recorded as a reduction to net revenue | \n $ | \n 10,152 | \n \u00a0 | \n \u00a0 | \n $ | \n 8,046 | \n \u00a0 | \n \u00a0 | \n $ | \n 18,946 | \n \u00a0 | \n \u00a0 | \n $ | \n 13,714 | \n \u00a0 | \n
Amount recorded as advertising, promotional and selling expenses | \n \u00a0 | \n 4,955 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 5,485 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 9,089 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 9,260 | \n \u00a0 | \n
Total customer programs and incentives | \n $ | \n 15,107 | \n \u00a0 | \n \u00a0 | \n $ | \n 13,531 | \n \u00a0 | \n \u00a0 | \n $ | \n 28,035 | \n \u00a0 | \n \u00a0 | \n $ | \n 22,974 | \n \u00a0 | \n
\u00a0
Costs recognized in net revenues include, but are not limited to, promotional discounts, sales incentives and certain other promotional activities. Costs recognized in advertising, promotional and selling expenses include point of sale materials, samples and advertising expenditures in local markets. These costs are recorded as incurred, generally when invoices are received; however certain estimates are required at the period end. Estimates are based on historical and projected experience for each type of program or customer and have historically been in line with actual costs incurred.
"}]},{"name":"rpt:f-385","factDimensions":{"xbrl:concept":"sam:BreakdownOfRevenueTableTextBlock","xbrl:period":"2024-12-29T00:00:00/2025-06-29T00:00:00","xbrl:entity":"cik:0000949870"},"factValues":[{"value":"The breakdown of revenue during the thirteen and twenty-six weeks ended June 28, 2025 and June 29, 2024 were as follows:
\u00a0
\n| \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n |
\u00a0 | \n Thirteen weeks ended | \n \u00a0 | \n \u00a0 | \n Twenty-six weeks ended | \n \u00a0 | \n ||||||||||
\u00a0 | \n June 28, | \n \u00a0 | \n \u00a0 | \n June 29, | \n \u00a0 | \n \u00a0 | \n June 28, | \n \u00a0 | \n \u00a0 | \n June 29, | \n \u00a0 | \n ||||
Shipments to domestic distributors | \n \u00a0 | \n 93 | \n % | \n \u00a0 | \n \u00a0 | \n 94 | \n % | \n \u00a0 | \n \u00a0 | \n 94 | \n % | \n \u00a0 | \n \u00a0 | \n 94 | \n % | \n
Shipments to international distributors | \n \u00a0 | \n 6 | \n % | \n \u00a0 | \n \u00a0 | \n 5 | \n % | \n \u00a0 | \n \u00a0 | \n 5 | \n % | \n \u00a0 | \n \u00a0 | \n 5 | \n % | \n
Sales at retail locations | \n \u00a0 | \n 1 | \n % | \n \u00a0 | \n \u00a0 | \n 1 | \n % | \n \u00a0 | \n \u00a0 | \n 1 | \n % | \n \u00a0 | \n \u00a0 | \n 1 | \n % | \n
\u00a0 | \n \u00a0 | \n 100 | \n % | \n \u00a0 | \n \u00a0 | \n 100 | \n % | \n \u00a0 | \n \u00a0 | \n 100 | \n % | \n \u00a0 | \n \u00a0 | \n 100 | \n % | \n
\u00a0
\n| \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n |
\u00a0 | \n Thirteen weeks ended | \n \u00a0 | \n \u00a0 | \n Twenty-six weeks ended | \n \u00a0 | \n ||||||||||
\u00a0 | \n June 28, | \n \u00a0 | \n \u00a0 | \n June 29, | \n \u00a0 | \n \u00a0 | \n June 28, | \n \u00a0 | \n \u00a0 | \n June 29, | \n \u00a0 | \n ||||
\u00a0 | \n (in thousands) | \n \u00a0 | \n \u00a0 | \n (in thousands) | \n \u00a0 | \n ||||||||||
Amount recorded as a reduction to net revenue | \n $ | \n 10,152 | \n \u00a0 | \n \u00a0 | \n $ | \n 8,046 | \n \u00a0 | \n \u00a0 | \n $ | \n 18,946 | \n \u00a0 | \n \u00a0 | \n $ | \n 13,714 | \n \u00a0 | \n
Amount recorded as advertising, promotional and selling expenses | \n \u00a0 | \n 4,955 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 5,485 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 9,089 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 9,260 | \n \u00a0 | \n
Total customer programs and incentives | \n $ | \n 15,107 | \n \u00a0 | \n \u00a0 | \n $ | \n 13,531 | \n \u00a0 | \n \u00a0 | \n $ | \n 28,035 | \n \u00a0 | \n \u00a0 | \n $ | \n 22,974 | \n \u00a0 | \n
D. Inventories
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Inventories consist of raw materials, work in process and finished goods which are stated at the lower of cost, determined on the first-in, first-out basis, or net realizable value. Raw materials principally consist of hops, packaging, flavorings, fruit juices, and other brewing materials. The Company\u2019s goal is to maintain on hand a supply of at least one year for essential hop varieties, in order to limit the risk of an unexpected reduction in supply. Inventories are generally classified as current assets. The Company classifies hops inventory in excess of two years of forecasted usage in other long-term assets. The cost elements of work in process and finished goods inventory consist of raw materials, direct labor and manufacturing overhead. Inventories consist of the following:
\u00a0
\n| \n | \n | \n | \n | \n | \n | \n | \n | \n |
\u00a0 | \n \u00a0 | \n June 28, | \n \u00a0 | \n \u00a0 | \n December 28, | \n \u00a0 | \n ||
\u00a0 | \n \u00a0 | \n (in thousands) | \n \u00a0 | \n |||||
Current inventory: | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n ||
Raw materials | \n \u00a0 | \n $ | \n 49,326 | \n \u00a0 | \n \u00a0 | \n $ | \n 48,321 | \n \u00a0 | \n
Work in process | \n \u00a0 | \n \u00a0 | \n 24,715 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 18,878 | \n \u00a0 | \n
Finished goods | \n \u00a0 | \n \u00a0 | \n 60,324 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 49,960 | \n \u00a0 | \n
Total current inventory | \n \u00a0 | \n \u00a0 | \n 134,365 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 117,159 | \n \u00a0 | \n
Long term inventory | \n \u00a0 | \n \u00a0 | \n 6,274 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 6,076 | \n \u00a0 | \n
Total inventory | \n \u00a0 | \n $ | \n 140,639 | \n \u00a0 | \n \u00a0 | \n $ | \n 123,235 | \n \u00a0 | \n
\u00a0
As of June 28, 2025 and December 28, 2024, the Company has recorded inventory obsolescence reserves of $14.9 million and $16.3 million, respectively.
"}]},{"name":"rpt:f-422","factDimensions":{"xbrl:concept":"us-gaap:ScheduleOfInventoryCurrentTableTextBlock","xbrl:period":"2024-12-29T00:00:00/2025-06-29T00:00:00","xbrl:entity":"cik:0000949870"},"factValues":[{"value":" Inventories consist of the following:\u00a0
\n| \n | \n | \n | \n | \n | \n | \n | \n | \n |
\u00a0 | \n \u00a0 | \n June 28, | \n \u00a0 | \n \u00a0 | \n December 28, | \n \u00a0 | \n ||
\u00a0 | \n \u00a0 | \n (in thousands) | \n \u00a0 | \n |||||
Current inventory: | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n ||
Raw materials | \n \u00a0 | \n $ | \n 49,326 | \n \u00a0 | \n \u00a0 | \n $ | \n 48,321 | \n \u00a0 | \n
Work in process | \n \u00a0 | \n \u00a0 | \n 24,715 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 18,878 | \n \u00a0 | \n
Finished goods | \n \u00a0 | \n \u00a0 | \n 60,324 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 49,960 | \n \u00a0 | \n
Total current inventory | \n \u00a0 | \n \u00a0 | \n 134,365 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 117,159 | \n \u00a0 | \n
Long term inventory | \n \u00a0 | \n \u00a0 | \n 6,274 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 6,076 | \n \u00a0 | \n
Total inventory | \n \u00a0 | \n $ | \n 140,639 | \n \u00a0 | \n \u00a0 | \n $ | \n 123,235 | \n \u00a0 | \n
E. Goodwill and Intangible Assets
\u00a0
Goodwill. No impairment of goodwill was recorded in any period.
\u00a0
Intangible assets. The Company\u2019s intangible assets as of June 28, 2025 and December 28, 2024 were as follows:
\u00a0
\n| \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n |
\u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n As of June 28, 2025 | \n \u00a0 | \n \u00a0 | \n As of December 28, 2024 | \n \u00a0 | \n ||||||||||||||||||
\u00a0 | \n \u00a0 | \n Estimated | \n \u00a0 | \n Gross | \n \u00a0 | \n \u00a0 | \n Accumulated | \n \u00a0 | \n \u00a0 | \n Net Book | \n \u00a0 | \n \u00a0 | \n Gross | \n \u00a0 | \n \u00a0 | \n Accumulated | \n \u00a0 | \n \u00a0 | \n Net Book | \n \u00a0 | \n ||||||
\u00a0 | \n \u00a0 | \n Life (Years) | \n \u00a0 | \n Value | \n \u00a0 | \n \u00a0 | \n Amortization | \n \u00a0 | \n \u00a0 | \n Value | \n \u00a0 | \n \u00a0 | \n Value | \n \u00a0 | \n \u00a0 | \n Amortization | \n \u00a0 | \n \u00a0 | \n Value | \n \u00a0 | \n ||||||
\u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n (in thousands) | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n (in thousands) | \n \u00a0 | \n ||||||
Customer relationships | \n \u00a0 | \n 15 | \n \u00a0 | \n $ | \n 3,800 | \n \u00a0 | \n \u00a0 | \n $ | \n (1,520 | \n ) | \n \u00a0 | \n $ | \n 2,280 | \n \u00a0 | \n \u00a0 | \n $ | \n 3,800 | \n \u00a0 | \n \u00a0 | \n $ | \n (1,394 | \n ) | \n \u00a0 | \n $ | \n 2,406 | \n \u00a0 | \n
Trademarks | \n \u00a0 | \n 10 | \n \u00a0 | \n \u00a0 | \n 14,400 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n (1,080 | \n ) | \n \u00a0 | \n \u00a0 | \n 13,320 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 14,400 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n (360 | \n ) | \n \u00a0 | \n \u00a0 | \n 14,040 | \n \u00a0 | \n
Total intangible assets, net | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n $ | \n 18,200 | \n \u00a0 | \n \u00a0 | \n $ | \n (2,600 | \n ) | \n \u00a0 | \n $ | \n 15,600 | \n \u00a0 | \n \u00a0 | \n $ | \n 18,200 | \n \u00a0 | \n \u00a0 | \n $ | \n (1,754 | \n ) | \n \u00a0 | \n $ | \n 16,446 | \n \u00a0 | \n
\u00a0
Amortization expense in the thirteen and twenty-six weeks ended June 28, 2025 was approximately $0.4 million and $0.8 million. The Company expects to record future amortization expense as follows:
\u00a0
\n| \n | \n | \n | \n | \n |
Fiscal Year | \n \u00a0 | \n Amount (in thousands) | \n \u00a0 | \n |
2025 | \n \u00a0 | \n \u00a0 | \n 847 | \n \u00a0 | \n
2026 | \n \u00a0 | \n \u00a0 | \n 1,693 | \n \u00a0 | \n
2027 | \n \u00a0 | \n \u00a0 | \n 1,693 | \n \u00a0 | \n
2028 | \n \u00a0 | \n \u00a0 | \n 1,693 | \n \u00a0 | \n
2029 | \n \u00a0 | \n \u00a0 | \n 1,693 | \n \u00a0 | \n
2030 | \n \u00a0 | \n \u00a0 | \n 1,693 | \n \u00a0 | \n
Thereafter | \n \u00a0 | \n \u00a0 | \n 6,288 | \n \u00a0 | \n
Total amortization expense | \n \u00a0 | \n $ | \n 15,600 | \n \u00a0 | \n
\u00a0
\n| \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n |
\u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n As of June 28, 2025 | \n \u00a0 | \n \u00a0 | \n As of December 28, 2024 | \n \u00a0 | \n ||||||||||||||||||
\u00a0 | \n \u00a0 | \n Estimated | \n \u00a0 | \n Gross | \n \u00a0 | \n \u00a0 | \n Accumulated | \n \u00a0 | \n \u00a0 | \n Net Book | \n \u00a0 | \n \u00a0 | \n Gross | \n \u00a0 | \n \u00a0 | \n Accumulated | \n \u00a0 | \n \u00a0 | \n Net Book | \n \u00a0 | \n ||||||
\u00a0 | \n \u00a0 | \n Life (Years) | \n \u00a0 | \n Value | \n \u00a0 | \n \u00a0 | \n Amortization | \n \u00a0 | \n \u00a0 | \n Value | \n \u00a0 | \n \u00a0 | \n Value | \n \u00a0 | \n \u00a0 | \n Amortization | \n \u00a0 | \n \u00a0 | \n Value | \n \u00a0 | \n ||||||
\u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n (in thousands) | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n (in thousands) | \n \u00a0 | \n ||||||
Customer relationships | \n \u00a0 | \n 15 | \n \u00a0 | \n $ | \n 3,800 | \n \u00a0 | \n \u00a0 | \n $ | \n (1,520 | \n ) | \n \u00a0 | \n $ | \n 2,280 | \n \u00a0 | \n \u00a0 | \n $ | \n 3,800 | \n \u00a0 | \n \u00a0 | \n $ | \n (1,394 | \n ) | \n \u00a0 | \n $ | \n 2,406 | \n \u00a0 | \n
Trademarks | \n \u00a0 | \n 10 | \n \u00a0 | \n \u00a0 | \n 14,400 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n (1,080 | \n ) | \n \u00a0 | \n \u00a0 | \n 13,320 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 14,400 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n (360 | \n ) | \n \u00a0 | \n \u00a0 | \n 14,040 | \n \u00a0 | \n
Total intangible assets, net | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n $ | \n 18,200 | \n \u00a0 | \n \u00a0 | \n $ | \n (2,600 | \n ) | \n \u00a0 | \n $ | \n 15,600 | \n \u00a0 | \n \u00a0 | \n $ | \n 18,200 | \n \u00a0 | \n \u00a0 | \n $ | \n (1,754 | \n ) | \n \u00a0 | \n $ | \n 16,446 | \n \u00a0 | \n
\u00a0
\n| \n | \n | \n | \n | \n |
Fiscal Year | \n \u00a0 | \n Amount (in thousands) | \n \u00a0 | \n |
2025 | \n \u00a0 | \n \u00a0 | \n 847 | \n \u00a0 | \n
2026 | \n \u00a0 | \n \u00a0 | \n 1,693 | \n \u00a0 | \n
2027 | \n \u00a0 | \n \u00a0 | \n 1,693 | \n \u00a0 | \n
2028 | \n \u00a0 | \n \u00a0 | \n 1,693 | \n \u00a0 | \n
2029 | \n \u00a0 | \n \u00a0 | \n 1,693 | \n \u00a0 | \n
2030 | \n \u00a0 | \n \u00a0 | \n 1,693 | \n \u00a0 | \n
Thereafter | \n \u00a0 | \n \u00a0 | \n 6,288 | \n \u00a0 | \n
Total amortization expense | \n \u00a0 | \n $ | \n 15,600 | \n \u00a0 | \n
F. Third-Party Production Payments
\u00a0
During the thirteen and twenty-six weeks ended June 28, 2025, the Company produced approximately 76% and 80%, respectively, of its domestic volume at Company-owned production facilities. During the thirteen and twenty-six weeks ended June 29, 2024, the Company produced approximately 69% and 75%, respectively, of its domestic volume at Company-owned production facilities. In the normal course of its business, the Company has historically entered into various production arrangements with other beverage companies. Pursuant to these arrangements, the Company generally supplies raw materials and packaging to those companies and incurs conversion fees for labor at the time the liquid is produced and packaged.
The Company currently has production services agreements with subsidiaries of City Brewing Company, LLC (\u201cCity Brewing\u201d). During the thirteen and twenty-six weeks ended June 28, 2025, City Brewing supplied approximately 24% and 20%, respectively, of the Company\u2019s domestic shipment volume. During the thirteen and twenty-six weeks ended June 29, 2024, City Brewing supplied approximately 31% and 25%, respectively, of the Company\u2019s domestic shipment volume. In accordance with the production services agreement, the Company has made payments to City Brewing which were principally used for capital improvements at City Brewing facilities. These payments are being expensed over the terms of the agreements. Currently, certain of these production services agreements expire on December 31, 2025 and others on December 31, 2028. The Company has the contractual right to extend its agreements with City Brewing beyond the current termination dates on an annual basis through December 31, 2035. During the twenty-six weeks ended June 28, 2025 and June 29, 2024, third-party production prepayment expense was $5.2 million and $10.4 million, respectively. The remaining net book value of these third-party production prepayments is $9.3 million as of June 28, 2025 of which $5.2 million is expected to be expensed to cost of goods sold during the remainder of 2025, with the balance expected to be expensed thereafter.
\u00a0
These City Brewing agreements include a minimum capacity availability commitment by City Brewing and the Company is obligated to meet annual minimum volume commitments and is subject to contractual shortfall fees, if these annual minimum volume commitments are not met.
In January of 2024, the Company and City Brewing entered into a Loan and Security agreement at which time payment of $20 million was made by the Company to City Brewing. Repayment of the note receivable plus an agreed investment return for a combined total of $22.4 million shall be repaid to the Company subject to annual repayment limits. As of June 28, 2025, the balance of the note receivable was $10.9 million and the final maturity date is December 31, 2028.
In December of 2024, the Company announced an amendment and restatement in its entirety of an existing production agreement with a third-party supplier, Rauch North America Inc (\"Rauch\"). This amendment adjusted the existing production agreement to better match the Company\u2019s future capacity requirements and resulted in increased production flexibility and more favorable termination rights to the Company in exchange for a $26 million cash payment to Rauch which was paid on December 23, 2024. As a result of the payment, the Company recorded a pre-tax contract settlement expense of $26 million in the fourth quarter of 2024.
The amended and restated Rauch agreement includes quarterly minimum payments that total $4.1 million annually at zero volume and a termination fee of $5 million with 12 months written notice. The initial term of the agreement expires on December 31, 2031 with provisions to extend.
At current production volume projections, the Company believes that it will fall short of its future annual volume commitments under the City Brewing and Rauch agreements and will incur shortfall fees. The Company expenses the shortfall fees during the contractual period when such fees are incurred as a component of cost of goods sold. During the thirteen weeks and twenty-six weeks ended June 28, 2025, the Company incurred $5.7 million and $6.5 million, respectively, in shortfall fees. During the thirteen weeks and twenty-six weeks ended June 29, 2024, the Company incurred $3.0 million and $4.0 million, respectively, in shortfall fees. At current volume projections, the Company anticipates that it will recognize approximately $33 million of shortfall fees in the future with $11 million forecasted to be expensed in the remainder of 2025 and $22 million expected to be expensed in future years thereafter, primarily in 2026.
\u00a0
As of June 28, 2025, if volume for the remaining term of the production arrangements was zero, the total contractual shortfall fees, with advance notice as specified in the related contractual agreements, would total approximately $33 million with $21 million due in the remainder of 2025 and $12 million due in future years thereafter.
The Company has regular discussions with its third-party production suppliers related to its future capacity needs and the terms of its contracts. Changes to volume estimates, future amendments or cancellations of existing contracts could accelerate or change total shortfall fees expected to be incurred.
\u00a0
The Company and City Brewing entered into a Loan and Security agreement on January 2, 2024 at which time payment of $20 million was made by the Company to City Brewing. Repayment of the note receivable plus an agreed investment return for a combined total of $22.4 million shall be credited to the Company through reductions of shortfall fees, subject to annual repayment limits and through other payments or credits, should owed shortfall fees be lower than these annual repayment limits. The annual repayment limits are $7.5 million in 2025 and $10.0 million in 2026 and thereafter. The final maturity date of the loan is December 31, 2028.
\u00a0
The Company determined the fair value of the note receivable on the issuance date to be $18.6 million. The $1.4 million difference between the cash paid to City Brewing of $20.0 million and the fair value of the note of $18.6 million on issuance date has been recorded as a third-party production prepayment asset and will be recognized as a component of cost of goods sold over the term of the third-party production arrangement. The unamortized balance was $0.7 million as of June 28, 2025. Interest income on the note receivable is being recognized over the term of the loan, which is to be repaid in full no later than December 31, 2028.
\u00a0
As of June 28, 2025, the Company had $10.9 million fair value remaining on the note receivable.
"}]},{"name":"rpt:f-507","factDimensions":{"xbrl:concept":"sam:PaymentOnLoanAndSecurityAgreement","xbrl:period":"2024-01-02T00:00:00/2024-01-03T00:00:00","xbrl:entity":"cik:0000949870","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"20000000","decimals":-6}]},{"name":"rpt:f-508","factDimensions":{"xbrl:concept":"us-gaap:PaymentsToAcquireLoansHeldForInvestment","xbrl:period":"2024-01-02T00:00:00/2024-01-03T00:00:00","xbrl:entity":"cik:0000949870","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"22400000","decimals":-5}]},{"name":"rpt:f-509","factDimensions":{"xbrl:concept":"sam:AnnualRepaymentLimitsToBePaidRemainderOfFiscalYear","xbrl:period":"2025-06-29T00:00:00","xbrl:entity":"cik:0000949870","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"7500000","decimals":-5}]},{"name":"rpt:f-510","factDimensions":{"xbrl:concept":"sam:AnnualRepaymentLimitsToBePaidNextTwelveMonths","xbrl:period":"2025-06-29T00:00:00","xbrl:entity":"cik:0000949870","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"10000000","decimals":-5}]},{"name":"rpt:f-511","factDimensions":{"xbrl:concept":"sam:AnnualRepaymentLimitsToBePaidAfterFirstYear","xbrl:period":"2025-06-29T00:00:00","xbrl:entity":"cik:0000949870","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"10000000","decimals":-5}]},{"name":"rpt:f-512","factDimensions":{"xbrl:concept":"us-gaap:InvestmentMaturityDate","xbrl:period":"2025-06-29T00:00:00","xbrl:entity":"cik:0000949870"},"factValues":[{"value":"2028-12-31"}]},{"name":"rpt:f-513","factDimensions":{"xbrl:concept":"us-gaap:NotesReceivableFairValueDisclosure","xbrl:period":"2024-01-03T00:00:00","xbrl:entity":"cik:0000949870","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"18600000","decimals":-5}]},{"name":"rpt:f-514","factDimensions":{"xbrl:concept":"sam:AmortizationOfNoteReceivable","xbrl:period":"2024-01-02T00:00:00/2024-01-03T00:00:00","xbrl:entity":"cik:0000949870","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"1400000","decimals":-5}]},{"name":"rpt:f-515","factDimensions":{"xbrl:concept":"sam:PaymentOnLoanAndSecurityAgreement","xbrl:period":"2024-01-02T00:00:00/2024-01-03T00:00:00","xbrl:entity":"cik:0000949870","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"20000000","decimals":-5}]},{"name":"rpt:f-516","factDimensions":{"xbrl:concept":"us-gaap:NotesReceivableFairValueDisclosure","xbrl:period":"2024-01-03T00:00:00","xbrl:entity":"cik:0000949870","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"18600000","decimals":-5}]},{"name":"rpt:f-517","factDimensions":{"xbrl:concept":"us-gaap:NotesReceivableFairValueDisclosure","xbrl:period":"2025-06-29T00:00:00","xbrl:entity":"cik:0000949870","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"700000","decimals":-5}]},{"name":"rpt:f-518","factDimensions":{"xbrl:concept":"us-gaap:InvestmentMaturityDate","xbrl:period":"2025-06-29T00:00:00","xbrl:entity":"cik:0000949870"},"factValues":[{"value":"2028-12-31"}]},{"name":"rpt:f-519","factDimensions":{"xbrl:concept":"sam:RemainingFairValueOnNoteReceivable","xbrl:period":"2025-06-29T00:00:00","xbrl:entity":"cik:0000949870","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"10900000","decimals":-5}]},{"name":"rpt:f-520","factDimensions":{"xbrl:concept":"us-gaap:EarningsPerShareTextBlock","xbrl:period":"2024-12-29T00:00:00/2025-06-29T00:00:00","xbrl:entity":"cik:0000949870"},"factValues":[{"value":"\u00a0
The Company calculates net income per share using the two-class method, which requires the Company to allocate net income to its Class A Common Shares, Class B Common Shares and unvested share-based payment awards that participate in dividends with common stock, in the calculation of net income per share.
\u00a0
The Class A Common Stock has no voting rights, except (1) as required by law, (2) for the election of Class A Directors, and (3) that the approval of the holders of the Class A Common Stock is required for (a) certain future authorizations or issuances of additional securities which have rights senior to Class A Common Stock, (b) certain alterations of rights or terms of the Class A or Class B Common Stock as set forth in the Articles of Organization of the Company, (c) other amendments of the Articles of Organization of the Company, (d) certain mergers or consolidations with, or acquisitions of, other entities, and (e) sales or dispositions of any significant portion of the Company\u2019s assets.
\u00a0
The Class B Common Stock has full voting rights, including the right to (1) elect a majority of the members of the Company\u2019s Board of Directors and (2) approve all (a) amendments to the Company\u2019s Articles of Organization, (b) mergers or consolidations with, or acquisitions of, other entities, (c) sales or dispositions of any significant portion of the Company\u2019s assets, and (d) equity-based and other executive compensation and other significant corporate matters. The Company\u2019s Class B Common Stock is not listed for trading. Each share of the Class B Common Stock is freely convertible into one share of Class A Common Stock, upon request of the respective Class B holder, and participates equally in dividends.
\u00a0
The Company\u2019s unvested share-based payment awards include unvested shares (1) issued under the Company\u2019s investment share program, which permits employees who have been with the Company for at least one year to purchase shares of Class A Common Stock and to purchase those shares at a discount ranging from 20% to 40% below market value based on years of employment starting after two years of employment, and (2) awarded as restricted stock units at the discretion of the Company\u2019s Board of Directors. The investment shares vest over five years in equal number of shares and the restricted stock units generally vest over four years in equal number of shares. If a dividend is declared, the unvested shares would participate equally. See Note M for a discussion of the current year unvested stock awards and issuances.
\u00a0
Included in the computation of net income per diluted common share are dilutive outstanding stock options and restricted stock that are vested or expected to vest. At its discretion, the Board of Directors grants stock options and restricted stock units to senior management and certain key employees. The terms of the employee stock options are determined by the Board of Directors at the time of grant. To date, stock options granted to employees vest over various service periods and/or based on the attainment of certain performance criteria and generally expire after ten years. The restricted stock units generally vest over four years in equal number of shares. Each restricted stock unit represents an unfunded and unsecured right to receive one share of Class A Stock upon satisfaction of the vesting criteria. The unvested shares participate equally in dividends, if declared, and are forfeitable. The Company also grants stock options and restricted stock units to its non-employee directors upon election or re-election to the Board of Directors. The number of option shares granted to non-employee directors is calculated based on a defined formula and these stock options vest immediately upon grant and expire after ten years. The restricted stock units granted to non-employee directors vest immediately upon grant.
\u00a0
Net Income per Common Share - Basic
\u00a0
The following table sets forth the computation of basic net income per share using the two-class method:
\u00a0
\n| \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n |
\u00a0 | \n \u00a0 | \n Thirteen weeks ended | \n \u00a0 | \n \u00a0 | \n Twenty-six weeks ended | \n \u00a0 | \n ||||||||||
\u00a0 | \n \u00a0 | \n June 28, | \n \u00a0 | \n \u00a0 | \n June 29, | \n \u00a0 | \n \u00a0 | \n June 28, | \n \u00a0 | \n \u00a0 | \n June 29, | \n \u00a0 | \n ||||
\u00a0 | \n \u00a0 | \n (in thousands, except per share data) | \n \u00a0 | \n \u00a0 | \n (in thousands, except per share data) | \n \u00a0 | \n ||||||||||
Net income | \n \u00a0 | \n $ | \n 60,433 | \n \u00a0 | \n \u00a0 | \n $ | \n 52,339 | \n \u00a0 | \n \u00a0 | \n $ | \n 84,845 | \n \u00a0 | \n \u00a0 | \n $ | \n 64,936 | \n \u00a0 | \n
Allocation of net income for basic: | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n ||||
Class A Common Stock | \n \u00a0 | \n $ | \n 48,993 | \n \u00a0 | \n \u00a0 | \n $ | \n 43,116 | \n \u00a0 | \n \u00a0 | \n $ | \n 68,927 | \n \u00a0 | \n \u00a0 | \n $ | \n 53,575 | \n \u00a0 | \n
Class B Common Stock | \n \u00a0 | \n \u00a0 | \n 11,269 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 9,097 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 15,689 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 11,213 | \n \u00a0 | \n
Unvested participating shares | \n \u00a0 | \n \u00a0 | \n 171 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 126 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 229 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 148 | \n \u00a0 | \n
| \n \u00a0 | \n $ | \n 60,433 | \n \u00a0 | \n \u00a0 | \n $ | \n 52,339 | \n \u00a0 | \n \u00a0 | \n $ | \n 84,845 | \n \u00a0 | \n \u00a0 | \n $ | \n 64,936 | \n \u00a0 | \n
Weighted average number of shares for basic: | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n ||||
Class A Common Stock | \n \u00a0 | \n \u00a0 | \n 8,990 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 9,801 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 9,086 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 9,881 | \n \u00a0 | \n
Class B Common Stock | \n \u00a0 | \n \u00a0 | \n 2,068 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 2,068 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 2,068 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 2,068 | \n \u00a0 | \n
Unvested participating shares | \n \u00a0 | \n \u00a0 | \n 32 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 29 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 29 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 27 | \n \u00a0 | \n
| \n \u00a0 | \n \u00a0 | \n 11,090 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 11,898 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 11,183 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 11,976 | \n \u00a0 | \n
Net income per share for basic: | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n ||||
Class A Common Stock | \n \u00a0 | \n $ | \n 5.45 | \n \u00a0 | \n \u00a0 | \n $ | \n 4.40 | \n \u00a0 | \n \u00a0 | \n $ | \n 7.59 | \n \u00a0 | \n \u00a0 | \n $ | \n 5.42 | \n \u00a0 | \n
Class B Common Stock | \n \u00a0 | \n $ | \n 5.45 | \n \u00a0 | \n \u00a0 | \n $ | \n 4.40 | \n \u00a0 | \n \u00a0 | \n $ | \n 7.59 | \n \u00a0 | \n \u00a0 | \n $ | \n 5.42 | \n \u00a0 | \n
\u00a0
Net Income per Common Share - Diluted
\u00a0
The Company calculates diluted net income per share for common stock using the more dilutive of (1) the treasury stock method, or (2) the two-class method, which assumes the participating securities are not exercised.
\u00a0
The following table sets forth the computations of diluted net income per share, assuming the conversion of all Class B Common Stock into Class A Common Stock for the thirteen and twenty-six weeks ended June 28, 2025 and for the thirteen and twenty-six weeks ended June 29, 2024:
\u00a0
\n| \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n |
\u00a0 | \n \u00a0 | \n Thirteen weeks ended | \n \u00a0 | \n |||||||||||||||||||||
\u00a0 | \n \u00a0 | \n June 28, 2025 | \n \u00a0 | \n \u00a0 | \n June 29, 2024 | \n \u00a0 | \n ||||||||||||||||||
\u00a0 | \n \u00a0 | \n Earnings to | \n \u00a0 | \n \u00a0 | \n Common | \n \u00a0 | \n \u00a0 | \n EPS | \n \u00a0 | \n \u00a0 | \n Earnings to | \n \u00a0 | \n \u00a0 | \n Common | \n \u00a0 | \n \u00a0 | \n EPS | \n \u00a0 | \n ||||||
\u00a0 | \n \u00a0 | \n (in thousands, except per share data) | \n \u00a0 | \n |||||||||||||||||||||
As reported - basic | \n \u00a0 | \n $ | \n 48,993 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 8,990 | \n \u00a0 | \n \u00a0 | \n $ | \n 5.45 | \n \u00a0 | \n \u00a0 | \n $ | \n 43,116 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 9,801 | \n \u00a0 | \n \u00a0 | \n $ | \n 4.40 | \n \u00a0 | \n
Add: effect of dilutive common | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n ||||||
Share-based awards | \n \u00a0 | \n \u00a0 | \n \u2014 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 9 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u2014 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 19 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n ||
Class B Common Stock | \n \u00a0 | \n \u00a0 | \n 11,269 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 2,068 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 9,097 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 2,068 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n ||
Net effect of unvested participating | \n \u00a0 | \n \u00a0 | \n \u2014 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u2014 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u2014 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u2014 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n ||
Net income per common share - | \n \u00a0 | \n $ | \n 60,262 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 11,067 | \n \u00a0 | \n \u00a0 | \n $ | \n 5.45 | \n \u00a0 | \n \u00a0 | \n $ | \n 52,213 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 11,888 | \n \u00a0 | \n \u00a0 | \n $ | \n 4.39 | \n \u00a0 | \n
\u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n ||||||
\u00a0 | \n \u00a0 | \n Twenty-six weeks ended | \n \u00a0 | \n |||||||||||||||||||||
\u00a0 | \n \u00a0 | \n June 28, 2025 | \n \u00a0 | \n \u00a0 | \n June 29, 2024 | \n \u00a0 | \n ||||||||||||||||||
\u00a0 | \n \u00a0 | \n Earnings to | \n \u00a0 | \n \u00a0 | \n Common | \n \u00a0 | \n \u00a0 | \n EPS | \n \u00a0 | \n \u00a0 | \n Earnings to | \n \u00a0 | \n \u00a0 | \n Common | \n \u00a0 | \n \u00a0 | \n EPS | \n \u00a0 | \n ||||||
\u00a0 | \n \u00a0 | \n (in thousands, except per share data) | \n \u00a0 | \n |||||||||||||||||||||
As reported - basic | \n \u00a0 | \n $ | \n 68,927 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 9,086 | \n \u00a0 | \n \u00a0 | \n $ | \n 7.59 | \n \u00a0 | \n \u00a0 | \n $ | \n 53,575 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 9,881 | \n \u00a0 | \n \u00a0 | \n $ | \n 5.42 | \n \u00a0 | \n
Add: effect of dilutive common | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n ||||||
Share-based awards | \n \u00a0 | \n \u00a0 | \n \u2014 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 9 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u2014 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 22 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n ||
Class B Common Stock | \n \u00a0 | \n \u00a0 | \n 15,689 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 2,068 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 11,213 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 2,068 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n ||
Net effect of unvested participating | \n \u00a0 | \n \u00a0 | \n \u2014 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u2014 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n - | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u2014 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n ||
Net income per common share - | \n \u00a0 | \n $ | \n 84,616 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 11,163 | \n \u00a0 | \n \u00a0 | \n $ | \n 7.58 | \n \u00a0 | \n \u00a0 | \n $ | \n 64,788 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 11,971 | \n \u00a0 | \n \u00a0 | \n $ | \n 5.41 | \n \u00a0 | \n
\u00a0
For the thirteen and twenty-six weeks ended June 28, 2025, in accordance with the two-class method, weighted-average stock options to purchase 199,197 and 184,176 shares, respectively, were outstanding but not included in computing dilutive income per common share because their effects were anti-dilutive. Additionally, performance-based stock options to purchase 36,929 shares of Class A Common Stock were outstanding as of June 28, 2025 but not included in computing diluted income per common share because the performance criteria were not met as of the end of the reporting period.
\u00a0
For the thirteen weeks and twenty-six weeks ended June 29, 2024, in accordance with the two-class method, weighted-average stock options to purchase 135,712 and 123,653 shares, respectively, were outstanding but not included in computing dilutive income per common share because their effects were anti-dilutive. Additionally, performance-based stock options to purchase 10,843 shares of Class A Common Stock were outstanding as of June 29, 2024 but not included in computing diluted income per common share because the performance criteria were not met as of the end of the reporting period.
.
"}]},{"name":"rpt:f-521","factDimensions":{"xbrl:concept":"sam:ShareBasedCompensationArrangementByShareBasedPaymentAwardRequiredTenureForParticipationInPlan","xbrl:period":"2024-12-29T00:00:00/2025-06-29T00:00:00","xbrl:entity":"cik:0000949870","us-gaap:AwardTypeAxis":"sam:VoluntaryEquityInvestmentProgramMember","srt:RangeAxis":"srt:MinimumMember"},"factValues":[{"value":"P1Y"}]},{"name":"rpt:f-522","factDimensions":{"xbrl:concept":"us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardDiscountFromMarketPricePurchaseDate","xbrl:period":"2024-12-29T00:00:00/2025-06-29T00:00:00","xbrl:entity":"cik:0000949870","us-gaap:AwardTypeAxis":"sam:VoluntaryEquityInvestmentProgramMember","srt:RangeAxis":"srt:MinimumMember"},"factValues":[{"value":"0.20","decimals":2}]},{"name":"rpt:f-523","factDimensions":{"xbrl:concept":"us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardDiscountFromMarketPricePurchaseDate","xbrl:period":"2024-12-29T00:00:00/2025-06-29T00:00:00","xbrl:entity":"cik:0000949870","us-gaap:AwardTypeAxis":"sam:VoluntaryEquityInvestmentProgramMember","srt:RangeAxis":"srt:MaximumMember"},"factValues":[{"value":"0.40","decimals":2}]},{"name":"rpt:f-524","factDimensions":{"xbrl:concept":"sam:ShareBasedCompensationArrangementByShareBasedPaymentAwardRequiredTenureForParticipationInPlan","xbrl:period":"2024-12-29T00:00:00/2025-06-29T00:00:00","xbrl:entity":"cik:0000949870","us-gaap:AwardTypeAxis":"sam:VoluntaryEquityInvestmentProgramMember","srt:RangeAxis":"srt:MaximumMember"},"factValues":[{"value":"P2Y"}]},{"name":"rpt:f-525","factDimensions":{"xbrl:concept":"us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1","xbrl:period":"2024-12-29T00:00:00/2025-06-29T00:00:00","xbrl:entity":"cik:0000949870","us-gaap:AwardTypeAxis":"sam:VoluntaryEquityInvestmentProgramMember"},"factValues":[{"value":"P5Y"}]},{"name":"rpt:f-526","factDimensions":{"xbrl:concept":"us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1","xbrl:period":"2024-12-29T00:00:00/2025-06-29T00:00:00","xbrl:entity":"cik:0000949870","us-gaap:AwardTypeAxis":"us-gaap:RestrictedStockMember"},"factValues":[{"value":"P4Y"}]},{"name":"rpt:f-527","factDimensions":{"xbrl:concept":"us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1","xbrl:period":"2020-03-01T00:00:00/2020-03-02T00:00:00","xbrl:entity":"cik:0000949870","us-gaap:AwardTypeAxis":"us-gaap:RestrictedStockMember"},"factValues":[{"value":"P4Y"}]},{"name":"rpt:f-528","factDimensions":{"xbrl:concept":"us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1","xbrl:period":"2019-03-01T00:00:00/2019-03-02T00:00:00","xbrl:entity":"cik:0000949870","us-gaap:AwardTypeAxis":"us-gaap:RestrictedStockMember"},"factValues":[{"value":"P4Y"}]},{"name":"rpt:f-529","factDimensions":{"xbrl:concept":"us-gaap:ScheduleOfEarningsPerShareBasicByCommonClassTextBlock","xbrl:period":"2024-12-29T00:00:00/2025-06-29T00:00:00","xbrl:entity":"cik:0000949870"},"factValues":[{"value":"The following table sets forth the computation of basic net income per share using the two-class method:
\u00a0
\n| \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n |
\u00a0 | \n \u00a0 | \n Thirteen weeks ended | \n \u00a0 | \n \u00a0 | \n Twenty-six weeks ended | \n \u00a0 | \n ||||||||||
\u00a0 | \n \u00a0 | \n June 28, | \n \u00a0 | \n \u00a0 | \n June 29, | \n \u00a0 | \n \u00a0 | \n June 28, | \n \u00a0 | \n \u00a0 | \n June 29, | \n \u00a0 | \n ||||
\u00a0 | \n \u00a0 | \n (in thousands, except per share data) | \n \u00a0 | \n \u00a0 | \n (in thousands, except per share data) | \n \u00a0 | \n ||||||||||
Net income | \n \u00a0 | \n $ | \n 60,433 | \n \u00a0 | \n \u00a0 | \n $ | \n 52,339 | \n \u00a0 | \n \u00a0 | \n $ | \n 84,845 | \n \u00a0 | \n \u00a0 | \n $ | \n 64,936 | \n \u00a0 | \n
Allocation of net income for basic: | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n ||||
Class A Common Stock | \n \u00a0 | \n $ | \n 48,993 | \n \u00a0 | \n \u00a0 | \n $ | \n 43,116 | \n \u00a0 | \n \u00a0 | \n $ | \n 68,927 | \n \u00a0 | \n \u00a0 | \n $ | \n 53,575 | \n \u00a0 | \n
Class B Common Stock | \n \u00a0 | \n \u00a0 | \n 11,269 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 9,097 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 15,689 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 11,213 | \n \u00a0 | \n
Unvested participating shares | \n \u00a0 | \n \u00a0 | \n 171 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 126 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 229 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 148 | \n \u00a0 | \n
| \n \u00a0 | \n $ | \n 60,433 | \n \u00a0 | \n \u00a0 | \n $ | \n 52,339 | \n \u00a0 | \n \u00a0 | \n $ | \n 84,845 | \n \u00a0 | \n \u00a0 | \n $ | \n 64,936 | \n \u00a0 | \n
Weighted average number of shares for basic: | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n ||||
Class A Common Stock | \n \u00a0 | \n \u00a0 | \n 8,990 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 9,801 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 9,086 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 9,881 | \n \u00a0 | \n
Class B Common Stock | \n \u00a0 | \n \u00a0 | \n 2,068 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 2,068 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 2,068 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 2,068 | \n \u00a0 | \n
Unvested participating shares | \n \u00a0 | \n \u00a0 | \n 32 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 29 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 29 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 27 | \n \u00a0 | \n
| \n \u00a0 | \n \u00a0 | \n 11,090 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 11,898 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 11,183 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 11,976 | \n \u00a0 | \n
Net income per share for basic: | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n ||||
Class A Common Stock | \n \u00a0 | \n $ | \n 5.45 | \n \u00a0 | \n \u00a0 | \n $ | \n 4.40 | \n \u00a0 | \n \u00a0 | \n $ | \n 7.59 | \n \u00a0 | \n \u00a0 | \n $ | \n 5.42 | \n \u00a0 | \n
Class B Common Stock | \n \u00a0 | \n $ | \n 5.45 | \n \u00a0 | \n \u00a0 | \n $ | \n 4.40 | \n \u00a0 | \n \u00a0 | \n $ | \n 7.59 | \n \u00a0 | \n \u00a0 | \n $ | \n 5.42 | \n \u00a0 | \n
\u00a0
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following table sets forth the computations of diluted net income per share, assuming the conversion of all Class B Common Stock into Class A Common Stock for the thirteen and twenty-six weeks ended June 28, 2025 and for the thirteen and twenty-six weeks ended June 29, 2024:
\u00a0
\n| \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n |
\u00a0 | \n \u00a0 | \n Thirteen weeks ended | \n \u00a0 | \n |||||||||||||||||||||
\u00a0 | \n \u00a0 | \n June 28, 2025 | \n \u00a0 | \n \u00a0 | \n June 29, 2024 | \n \u00a0 | \n ||||||||||||||||||
\u00a0 | \n \u00a0 | \n Earnings to | \n \u00a0 | \n \u00a0 | \n Common | \n \u00a0 | \n \u00a0 | \n EPS | \n \u00a0 | \n \u00a0 | \n Earnings to | \n \u00a0 | \n \u00a0 | \n Common | \n \u00a0 | \n \u00a0 | \n EPS | \n \u00a0 | \n ||||||
\u00a0 | \n \u00a0 | \n (in thousands, except per share data) | \n \u00a0 | \n |||||||||||||||||||||
As reported - basic | \n \u00a0 | \n $ | \n 48,993 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 8,990 | \n \u00a0 | \n \u00a0 | \n $ | \n 5.45 | \n \u00a0 | \n \u00a0 | \n $ | \n 43,116 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 9,801 | \n \u00a0 | \n \u00a0 | \n $ | \n 4.40 | \n \u00a0 | \n
Add: effect of dilutive common | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n ||||||
Share-based awards | \n \u00a0 | \n \u00a0 | \n \u2014 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 9 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u2014 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 19 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n ||
Class B Common Stock | \n \u00a0 | \n \u00a0 | \n 11,269 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 2,068 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 9,097 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 2,068 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n ||
Net effect of unvested participating | \n \u00a0 | \n \u00a0 | \n \u2014 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u2014 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u2014 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u2014 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n ||
Net income per common share - | \n \u00a0 | \n $ | \n 60,262 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 11,067 | \n \u00a0 | \n \u00a0 | \n $ | \n 5.45 | \n \u00a0 | \n \u00a0 | \n $ | \n 52,213 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 11,888 | \n \u00a0 | \n \u00a0 | \n $ | \n 4.39 | \n \u00a0 | \n
\u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n ||||||
\u00a0 | \n \u00a0 | \n Twenty-six weeks ended | \n \u00a0 | \n |||||||||||||||||||||
\u00a0 | \n \u00a0 | \n June 28, 2025 | \n \u00a0 | \n \u00a0 | \n June 29, 2024 | \n \u00a0 | \n ||||||||||||||||||
\u00a0 | \n \u00a0 | \n Earnings to | \n \u00a0 | \n \u00a0 | \n Common | \n \u00a0 | \n \u00a0 | \n EPS | \n \u00a0 | \n \u00a0 | \n Earnings to | \n \u00a0 | \n \u00a0 | \n Common | \n \u00a0 | \n \u00a0 | \n EPS | \n \u00a0 | \n ||||||
\u00a0 | \n \u00a0 | \n (in thousands, except per share data) | \n \u00a0 | \n |||||||||||||||||||||
As reported - basic | \n \u00a0 | \n $ | \n 68,927 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 9,086 | \n \u00a0 | \n \u00a0 | \n $ | \n 7.59 | \n \u00a0 | \n \u00a0 | \n $ | \n 53,575 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 9,881 | \n \u00a0 | \n \u00a0 | \n $ | \n 5.42 | \n \u00a0 | \n
Add: effect of dilutive common | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n ||||||
Share-based awards | \n \u00a0 | \n \u00a0 | \n \u2014 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 9 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u2014 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 22 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n ||
Class B Common Stock | \n \u00a0 | \n \u00a0 | \n 15,689 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 2,068 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 11,213 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 2,068 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n ||
Net effect of unvested participating | \n \u00a0 | \n \u00a0 | \n \u2014 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u2014 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n - | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u2014 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n ||
Net income per common share - | \n \u00a0 | \n $ | \n 84,616 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 11,163 | \n \u00a0 | \n \u00a0 | \n $ | \n 7.58 | \n \u00a0 | \n \u00a0 | \n $ | \n 64,788 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 11,971 | \n \u00a0 | \n \u00a0 | \n $ | \n 5.41 | \n \u00a0 | \n
I. Commitments and Contingencies
\u00a0
Contractual Obligations
\u00a0
As of June 28, 2025, projected cash outflows under non-cancellable contractual obligations are as follows:
\u00a0
\n| \n | \n | \n | \n | \n |
\u00a0 | \n \u00a0 | \n Commitments | \n \u00a0 | \n |
\u00a0 | \n \u00a0 | \n (in thousands) | \n \u00a0 | \n |
Brand support | \n \u00a0 | \n $ | \n 102,034 | \n \u00a0 | \n
Ingredients and packaging (excluding hops and malt) | \n \u00a0 | \n \u00a0 | \n 53,576 | \n \u00a0 | \n
Hops and malt | \n \u00a0 | \n \u00a0 | \n 39,554 | \n \u00a0 | \n
Equipment and machinery | \n \u00a0 | \n \u00a0 | \n 29,730 | \n \u00a0 | \n
Other | \n \u00a0 | \n \u00a0 | \n 27,560 | \n \u00a0 | \n
Total commitments | \n \u00a0 | \n $ | \n 252,454 | \n \u00a0 | \n
\u00a0
The Company expects to pay $168.8 million of these obligations in the remainder of fiscal 2025, $27.1 million in fiscal 2026, $14.2 million in fiscal 2027, and $42.3 million in fiscal 2028 and thereafter. The commitment amounts exclude any impact related to the tariff programs announcement by the U.S. government to date.
\u00a0
Litigation
\u00a0
The Company is party to legal proceedings and claims, where significant damages are asserted against it. Given the inherent uncertainty of litigation, it is possible that the Company could incur liabilities as a consequence of these claims, which may or may not have a material adverse effect on the Company\u2019s financial condition or the results of its operations. The Company accrues loss contingencies if, in the opinion of management and its legal counsel, the risk of loss is probable and able to be estimated. Material pending legal proceedings are discussed below.
Supplier Dispute. On December 31, 2022, Ardagh Metal Packaging USA Corp. (\u201cArdagh\u201d) filed an action against the Company alleging, among other things, that the Company had failed or would fail to purchase contractual minimum volumes of certain aluminum beverage can containers in 2021 to 2026. The Company filed an Amended Answer, Amended Affirmative Defenses and Amended Counterclaims on March 25, 2024. On November 9, 2023, Ardagh filed a Notice of Plaintiff\u2019s Motion for Judgment on the Pleadings on Count II of the Complaint, to which the Company filed an Opposition on November 22, 2023. On February 26, 2024, the Court granted the Motion. On March 27, 2024, the Company filed a Motion to Clarify and to Reconsider the Court\u2019s decision. Following briefing by the parties, on June 17, 2024, the Court granted the Company's Motion to Reconsider, denied Ardagh's Motion for Judgment on the Pleadings, and vacated its February 26, 2024 Order. The Court set a fact discovery deadline of November 25, 2024 with some discovery motions still pending. The Court also set an expert discovery deadline of May 30, 2025. Ardagh has filed a Motion for Partial Summary Judgment on certain liability issues. The Company also has filed a Motion for Partial Summary judgment on certain liability and damage issues. Briefing on the Company's Motion for Partial Summary Judgment is expected to be complete on August 4, 2025. The Court has not set a date for expert motion filings or trial. The Company denies that it breached the terms of the parties\u2019 contract and intends to defend against the Ardagh claims vigorously.
As of June 28, 2025, projected cash outflows under non-cancellable contractual obligations are as follows:
\u00a0
\n| \n | \n | \n | \n | \n |
\u00a0 | \n \u00a0 | \n Commitments | \n \u00a0 | \n |
\u00a0 | \n \u00a0 | \n (in thousands) | \n \u00a0 | \n |
Brand support | \n \u00a0 | \n $ | \n 102,034 | \n \u00a0 | \n
Ingredients and packaging (excluding hops and malt) | \n \u00a0 | \n \u00a0 | \n 53,576 | \n \u00a0 | \n
Hops and malt | \n \u00a0 | \n \u00a0 | \n 39,554 | \n \u00a0 | \n
Equipment and machinery | \n \u00a0 | \n \u00a0 | \n 29,730 | \n \u00a0 | \n
Other | \n \u00a0 | \n \u00a0 | \n 27,560 | \n \u00a0 | \n
Total commitments | \n \u00a0 | \n $ | \n 252,454 | \n \u00a0 | \n
\u00a0
"}]},{"name":"rpt:f-619","factDimensions":{"xbrl:concept":"us-gaap:ContractualObligation","xbrl:period":"2025-06-29T00:00:00","xbrl:entity":"cik:0000949870","xbrl:unit":"iso4217:USD","us-gaap:PurchaseCommitmentExcludingLongtermCommitmentAxis":"sam:BrandSupportMember"},"factValues":[{"value":"102034000","decimals":-3}]},{"name":"rpt:f-620","factDimensions":{"xbrl:concept":"us-gaap:ContractualObligation","xbrl:period":"2025-06-29T00:00:00","xbrl:entity":"cik:0000949870","xbrl:unit":"iso4217:USD","us-gaap:PurchaseCommitmentExcludingLongtermCommitmentAxis":"sam:IngredientsAndPackagingExcludingHopsAndMaltMember"},"factValues":[{"value":"53576000","decimals":-3}]},{"name":"rpt:f-621","factDimensions":{"xbrl:concept":"us-gaap:ContractualObligation","xbrl:period":"2025-06-29T00:00:00","xbrl:entity":"cik:0000949870","xbrl:unit":"iso4217:USD","us-gaap:PurchaseCommitmentExcludingLongtermCommitmentAxis":"sam:HopsAndMaltMember"},"factValues":[{"value":"39554000","decimals":-3}]},{"name":"rpt:f-622","factDimensions":{"xbrl:concept":"us-gaap:ContractualObligation","xbrl:period":"2025-06-29T00:00:00","xbrl:entity":"cik:0000949870","xbrl:unit":"iso4217:USD","us-gaap:PropertyPlantAndEquipmentByTypeAxis":"us-gaap:MachineryAndEquipmentMember"},"factValues":[{"value":"29730000","decimals":-3}]},{"name":"rpt:f-623","factDimensions":{"xbrl:concept":"us-gaap:ContractualObligation","xbrl:period":"2025-06-29T00:00:00","xbrl:entity":"cik:0000949870","xbrl:unit":"iso4217:USD","us-gaap:PurchaseCommitmentExcludingLongtermCommitmentAxis":"sam:OtherPurchaseCommitmentMember"},"factValues":[{"value":"27560000","decimals":-3}]},{"name":"rpt:f-624","factDimensions":{"xbrl:concept":"us-gaap:ContractualObligation","xbrl:period":"2025-06-29T00:00:00","xbrl:entity":"cik:0000949870","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"252454000","decimals":-3}]},{"name":"rpt:f-625","factDimensions":{"xbrl:concept":"us-gaap:ContractualObligationFutureMinimumPaymentsDueRemainderOfFiscalYear","xbrl:period":"2025-06-29T00:00:00","xbrl:entity":"cik:0000949870","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"168800000","decimals":-5}]},{"name":"rpt:f-626","factDimensions":{"xbrl:concept":"us-gaap:ContractualObligationDueInNextTwelveMonths","xbrl:period":"2025-06-29T00:00:00","xbrl:entity":"cik:0000949870","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"27100000","decimals":-5}]},{"name":"rpt:f-627","factDimensions":{"xbrl:concept":"us-gaap:ContractualObligationDueInSecondYear","xbrl:period":"2025-06-29T00:00:00","xbrl:entity":"cik:0000949870","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"14200000","decimals":-5}]},{"name":"rpt:f-628","factDimensions":{"xbrl:concept":"sam:ContractualObligationDueInThirdYearAndThereafter","xbrl:period":"2025-06-29T00:00:00","xbrl:entity":"cik:0000949870","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"42300000","decimals":-5}]},{"name":"rpt:f-629","factDimensions":{"xbrl:concept":"us-gaap:LossContingencyActionsTakenByCourtArbitratorOrMediator","xbrl:period":"2024-12-29T00:00:00/2025-06-29T00:00:00","xbrl:entity":"cik:0000949870"},"factValues":[{"value":"On November 9, 2023, Ardagh filed a Notice of Plaintiff\u2019s Motion for Judgment on the Pleadings on Count II of the Complaint, to which the Company filed an Opposition on November 22, 2023. On February 26, 2024, the Court granted the Motion. On March 27, 2024, the Company filed a Motion to Clarify and to Reconsider the Court\u2019s decision. Following briefing by the parties, on June 17, 2024, the Court granted the Company's Motion to Reconsider, denied Ardagh's Motion for Judgment on the Pleadings, and vacated its February 26, 2024 Order."}]},{"name":"rpt:f-630","factDimensions":{"xbrl:concept":"us-gaap:IncomeTaxDisclosureTextBlock","xbrl:period":"2024-12-29T00:00:00/2025-06-29T00:00:00","xbrl:entity":"cik:0000949870"},"factValues":[{"value":"J. Income Taxes
\u00a0
The following table provides a summary of the income tax provision for the thirteen weeks and twenty-six weeks ended June 28, 2025 and June 29, 2024:
\u00a0
\n| \n | \n | \n | \n | \n | \n | \n | \n | \n |
\u00a0 | \n \u00a0 | \n Thirteen weeks ended | \n \u00a0 | \n Twenty-six weeks ended | \n ||||
\u00a0 | \n \u00a0 | \n June 28, | \n \u00a0 | \n June 29, | \n \u00a0 | \n June 28, | \n \u00a0 | \n June 29, | \n
Effective tax rate | \n \u00a0 | \n 28.1% | \n \u00a0 | \n 28.6% | \n \u00a0 | \n 29.2% | \n \u00a0 | \n 29.5% | \n
\u00a0
The decrease in the tax rate for the thirteen and twenty-six weeks ended June 28, 2025 as compared to the thirteen and twenty-six weeks ended June 29, 2024 is primarily due to a change in the impact of non-deductible stock compensation expense.
As of both June 28, 2025 and December 28, 2024, the Company had approximately $0.5 million of unrecognized income tax benefits.
\u00a0
The Company\u2019s practice is to classify interest and penalties related to income tax matters in income tax expense. As of June 28, 2025 and December 28, 2024, the Company had approximately $0.1 million accrued for interest and penalties recorded in other liabilities.
The Company's federal income tax returns remain subject to examination for three years. The Company\u2019s state income tax returns remain subject to examination for or four years depending on the state\u2019s statute of limitations. The Company is not currently under any income tax audits as of June 28, 2025.
\u00a0
On July 4, 2025, President Trump signed into law the legislation commonly referred to as the One Big Beautiful Bill Act (the \u201cAct\u201d). Under ASU 2023-09\u2014Income Taxes (Topic 740) entities are required to recognize the effects of new income tax legislation in the interim period in which the law was enacted, which for the Company will be the thirteen weeks ending September 27, 2025. The Company is currently evaluating the impact this legislation will have on its consolidated financial statements.
"}]},{"name":"rpt:f-631","factDimensions":{"xbrl:concept":"us-gaap:ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock","xbrl:period":"2024-12-29T00:00:00/2025-06-29T00:00:00","xbrl:entity":"cik:0000949870"},"factValues":[{"value":"The following table provides a summary of the income tax provision for the thirteen weeks and twenty-six weeks ended June 28, 2025 and June 29, 2024:
\u00a0
\n| \n | \n | \n | \n | \n | \n | \n | \n | \n |
\u00a0 | \n \u00a0 | \n Thirteen weeks ended | \n \u00a0 | \n Twenty-six weeks ended | \n ||||
\u00a0 | \n \u00a0 | \n June 28, | \n \u00a0 | \n June 29, | \n \u00a0 | \n June 28, | \n \u00a0 | \n June 29, | \n
Effective tax rate | \n \u00a0 | \n 28.1% | \n \u00a0 | \n 28.6% | \n \u00a0 | \n 29.2% | \n \u00a0 | \n 29.5% | \n
K. Line of Credit
\u00a0
In December 2022, the Company amended its credit facility in place that provides for a $150.0 million revolving line of credit to extend the maturity date to December 16, 2027. Under the terms of the amended agreement, the Company may elect an interest rate for borrowings under the credit facility based on the applicable secured overnight financing rate (\"\") plus 1.1%. As of June 28, 2025, no borrowings were outstanding. As of June 28, 2025 and December 28, 2024, the Company was not in violation of any of its financial covenants to the lender under the credit facility and the unused balance of $150.0 million on the line of credit was available to the Company for future borrowings.
"}]},{"name":"rpt:f-644","factDimensions":{"xbrl:concept":"us-gaap:LineOfCreditFacilityCurrentBorrowingCapacity","xbrl:period":"2023-01-01T00:00:00","xbrl:entity":"cik:0000949870","xbrl:unit":"iso4217:USD","us-gaap:CreditFacilityAxis":"us-gaap:RevolvingCreditFacilityMember"},"factValues":[{"value":"150000000","decimals":-5}]},{"name":"rpt:f-645","factDimensions":{"xbrl:concept":"us-gaap:LineOfCreditFacilityExpirationDate1","xbrl:period":"2024-12-29T00:00:00/2025-06-29T00:00:00","xbrl:entity":"cik:0000949870","us-gaap:CreditFacilityAxis":"us-gaap:RevolvingCreditFacilityMember"},"factValues":[{"value":"2027-12-16"}]},{"name":"rpt:f-646","factDimensions":{"xbrl:concept":"us-gaap:DebtInstrumentBasisSpreadOnVariableRate1","xbrl:period":"2021-12-26T00:00:00/2023-01-01T00:00:00","xbrl:entity":"cik:0000949870","us-gaap:CreditFacilityAxis":"us-gaap:RevolvingCreditFacilityMember"},"factValues":[{"value":"0.011","decimals":3}]},{"name":"rpt:f-647","factDimensions":{"xbrl:concept":"us-gaap:LineOfCredit","xbrl:period":"2025-06-29T00:00:00","xbrl:entity":"cik:0000949870","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"0"}]},{"name":"rpt:f-648","factDimensions":{"xbrl:concept":"us-gaap:LineOfCreditFacilityRemainingBorrowingCapacity","xbrl:period":"2025-06-29T00:00:00","xbrl:entity":"cik:0000949870","xbrl:unit":"iso4217:USD","us-gaap:CreditFacilityAxis":"us-gaap:RevolvingCreditFacilityMember"},"factValues":[{"value":"150000000","decimals":-5}]},{"name":"rpt:f-649","factDimensions":{"xbrl:concept":"us-gaap:FairValueDisclosuresTextBlock","xbrl:period":"2024-12-29T00:00:00/2025-06-29T00:00:00","xbrl:entity":"cik:0000949870"},"factValues":[{"value":"L. Fair Value Measures
\u00a0
The Company defines fair value as the price that would be received to sell an asset or be paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company applies the following fair value hierarchy, which prioritizes the inputs used to measure fair value into three levels and bases the categorization within the hierarchy upon the lowest level of input that is available and significant to the fair value measurement. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).
\u00a0
\u00a0
The Company\u2019s cash and cash equivalents are held in money market funds. These money market funds are measured at fair value on a recurring basis (at least annually) and are classified within Level 1 of the fair value hierarchy because they are valued using quoted market prices. The money market funds are invested substantially in United States Treasury and government securities. The Company does not adjust the quoted market price for such financial instruments. Cash, accounts receivable, and accounts payable are carried at their cost, which approximates fair value, because of their short-term nature.
\u00a0
As of June 28, 2025 and December 28, 2024, the Company had money market funds with a \u201cTriple A\u201d rated money market fund. The Company considers the \u201cTriple A\u201d rated money market fund to be a large, highly-rated investment-grade institution. As of June 28, 2025 and December 28, 2024, the Company\u2019s cash and cash equivalents balance was $212.4 million and $211.8 million, respectively, including money market funds amounting to $203.8 million and $203.1 million, respectively.
\u00a0
Non-Recurring Fair Value Measurement
\u00a0
The fair value as of the issuance date of the Company's note receivable is classified within Level 2 of the fair value hierarchy as the fair value was partially derived from publicly quoted inputs of market interest rates for a loan of similar terms, provisions, and maturity. See Note G for further discussion on the note receivable.
"}]},{"name":"rpt:f-650","factDimensions":{"xbrl:concept":"us-gaap:CashAndCashEquivalentsAtCarryingValue","xbrl:period":"2025-06-29T00:00:00","xbrl:entity":"cik:0000949870","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"212400000","decimals":-5}]},{"name":"rpt:f-651","factDimensions":{"xbrl:concept":"us-gaap:CashAndCashEquivalentsAtCarryingValue","xbrl:period":"2024-12-29T00:00:00","xbrl:entity":"cik:0000949870","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"211800000","decimals":-5}]},{"name":"rpt:f-652","factDimensions":{"xbrl:concept":"us-gaap:MoneyMarketFundsAtCarryingValue","xbrl:period":"2025-06-29T00:00:00","xbrl:entity":"cik:0000949870","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"203800000","decimals":-5}]},{"name":"rpt:f-653","factDimensions":{"xbrl:concept":"us-gaap:MoneyMarketFundsAtCarryingValue","xbrl:period":"2024-12-29T00:00:00","xbrl:entity":"cik:0000949870","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"203100000","decimals":-5}]},{"name":"rpt:f-654","factDimensions":{"xbrl:concept":"us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock","xbrl:period":"2024-12-29T00:00:00/2025-06-29T00:00:00","xbrl:entity":"cik:0000949870"},"factValues":[{"value":"M. Common Stock and Stock-Based Compensation
\u00a0
Option Activity
\u00a0
Information related to stock options under the Restated Employee Equity Incentive Plan and the Equity Plan for Non-Employee Directors is summarized as follows:
\u00a0
\n| \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n |
\u00a0 | \n \u00a0 | \n Shares | \n \u00a0 | \n \u00a0 | \n Weighted- | \n \u00a0 | \n \u00a0 | \n Weighted- | \n \u00a0 | \n \u00a0 | \n Aggregate | \n \u00a0 | \n ||||
Outstanding at December 28, 2024 | \n \u00a0 | \n \u00a0 | \n 209,794 | \n \u00a0 | \n \u00a0 | \n $ | \n 358.48 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n ||
Granted | \n \u00a0 | \n \u00a0 | \n 80,195 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 243.63 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n ||
Exercised | \n \u00a0 | \n \u00a0 | \n - | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n - | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n ||
Forfeited/ Expired | \n \u00a0 | \n \u00a0 | \n (2,820 | \n ) | \n \u00a0 | \n \u00a0 | \n 262.25 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n ||
Outstanding at June 28, 2025 | \n \u00a0 | \n \u00a0 | \n 287,169 | \n \u00a0 | \n \u00a0 | \n $ | \n 327.35 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 5.94 | \n \u00a0 | \n \u00a0 | \n $ | \n 514 | \n \u00a0 | \n
Exercisable at June 28, 2025 | \n \u00a0 | \n \u00a0 | \n 149,301 | \n \u00a0 | \n \u00a0 | \n $ | \n 348.09 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 3.73 | \n \u00a0 | \n \u00a0 | \n $ | \n 514 | \n \u00a0 | \n
Vested and expected to vest at June 28, 2025 | \n \u00a0 | \n \u00a0 | \n 262,662 | \n \u00a0 | \n \u00a0 | \n $ | \n 333.17 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 5.63 | \n \u00a0 | \n \u00a0 | \n $ | \n 514 | \n \u00a0 | \n
\u00a0
Of the total options outstanding as of June 28, 2025, 40,103 shares were performance-based options for which the performance criteria had yet to be achieved.
\u00a0
On March 1, 2025, the Company granted options to purchase an aggregate of 76,919 shares of the Company\u2019s Class A Common Stock to certain officers and other members of senior management. These options have a weighted average fair value and exercise price per share of $117.00 and $243.77, respectively.
On May 14, 2025, the Company granted options to purchase an aggregate of 3,276 shares of the Company\u2019s Class A Common Stock to the Company\u2019s non-employee Directors. All of the options vested immediately on the date of the grant. These options have a fair value and exercise price per share of $119.06 and $240.26, respectively.
\u00a0
Weighted average assumptions used to estimate fair values of stock options on the date of grants are as follows:
\u00a0
\n| \n | \n | \n | \n | \n |
\u00a0 | \n \u00a0 | \n 2025 | \n \u00a0 | \n |
Expected Volatility | \n \u00a0 | \n 40.4% | \n \u00a0 | \n |
Risk-free interest rate | \n \u00a0 | \n 4.3% | \n \u00a0 | \n |
Expected Dividends | \n \u00a0 | \n 0.0% | \n \u00a0 | \n |
Exercise factor | \n \u00a0 | \n \u00a0 | \n 2.1 | \n \u00a0 | \n
Discount for post-vesting restrictions | \n \u00a0 | \n 0.0% | \n \u00a0 | \n
\u00a0
Non-Vested Shares Activity
\u00a0
Information related to vesting activities of restricted stock units and investment share program under the Restated Employee Equity Incentive Plan and restricted stock units under the Equity Plan for Non-Employee Directors is summarized as follows:
\u00a0
\n| \n | \n | \n | \n | \n | \n | \n | \n | \n |
\u00a0 | \n \u00a0 | \n Number of Shares | \n \u00a0 | \n \u00a0 | \n Weighted Average Fair Value | \n \u00a0 | \n ||
Non-vested at December 28, 2024 | \n \u00a0 | \n \u00a0 | \n 164,551 | \n \u00a0 | \n \u00a0 | \n $ | \n 328.88 | \n \u00a0 | \n
Granted | \n \u00a0 | \n \u00a0 | \n 125,457 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 234.14 | \n \u00a0 | \n
Vested | \n \u00a0 | \n \u00a0 | \n (42,120 | \n ) | \n \u00a0 | \n \u00a0 | \n 358.39 | \n \u00a0 | \n
Forfeited | \n \u00a0 | \n \u00a0 | \n (23,336 | \n ) | \n \u00a0 | \n \u00a0 | \n 304.64 | \n \u00a0 | \n
Non-vested at June 28, 2025 | \n \u00a0 | \n \u00a0 | \n 224,552 | \n \u00a0 | \n \u00a0 | \n $ | \n 272.94 | \n \u00a0 | \n
\u00a0
Of the total non-vested shares as of June 28, 2025, 85,209 shares were performance-based shares for which the performance criteria had yet to be achieved.
\u00a0
On March 1, 2025, the Company granted a combined 111,580 shares of restricted stock units to certain officers, other member of senior management and key employees. Of the restricted stock units granted, 61,182 had performance-based vesting criteria. The remainder of restricted stock units granted on March 1, 2025 vest ratably over service periods of four years. Additionally, on March 1, 2025, employees elected to purchase a combined 12,251 shares under the Company\u2019s investment share program. The weighted average fair value of the restricted stock units and investment shares, which are sold to employees at discount under its investment share program, was $243.77 and $145.64 per share, respectively.
\u00a0
On May 14, 2025, the Company granted a combined 1,626 shares of restricted stock units to the Company\u2019s non-employee Directors, of which all shares vest one year from the grant date. The fair value of the restricted stock units was $240.26 per share.
\u00a0
Stock-Based Compensation
\u00a0
The following table provides information regarding stock-based compensation expense included in operating expenses in the accompanying condensed consolidated statements of comprehensive operations:
\u00a0
\n| \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n |
\u00a0 | \n \u00a0 | \n Thirteen weeks ended | \n \u00a0 | \n \u00a0 | \n Twenty-six weeks ended | \n \u00a0 | \n ||||||||||
\u00a0 | \n \u00a0 | \n June 28, | \n \u00a0 | \n \u00a0 | \n June 29, | \n \u00a0 | \n \u00a0 | \n June 28, | \n \u00a0 | \n \u00a0 | \n June 29, | \n \u00a0 | \n ||||
\u00a0 | \n \u00a0 | \n (in thousands) | \n \u00a0 | \n \u00a0 | \n (in thousands) | \n \u00a0 | \n ||||||||||
Amounts included in advertising, promotional and selling expenses | \n \u00a0 | \n $ | \n 1,764 | \n \u00a0 | \n \u00a0 | \n $ | \n 1,465 | \n \u00a0 | \n \u00a0 | \n $ | \n 4,005 | \n \u00a0 | \n \u00a0 | \n $ | \n 3,930 | \n \u00a0 | \n
Amounts included in general and administrative expenses | \n \u00a0 | \n \u00a0 | \n 3,290 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 2,416 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 6,919 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 7,078 | \n \u00a0 | \n
Total stock-based compensation expense | \n \u00a0 | \n $ | \n 5,054 | \n \u00a0 | \n \u00a0 | \n $ | \n 3,881 | \n \u00a0 | \n \u00a0 | \n $ | \n 10,924 | \n \u00a0 | \n \u00a0 | \n $ | \n 11,008 | \n \u00a0 | \n
\u00a0
Stock Repurchases
\u00a0
In 1998, the Company began a share repurchase program. Under this program, the Company's Board of Directors has authorized the repurchase of the Company's Class A Stock. On October 2, 2024, the Board of Directors authorized an increase in the aggregate expenditure limit for the Company\u2019s stock repurchase program by $400.0 million, increasing the limit from $1.2 billion to $1.6 billion. The Board of Directors did not specify a date upon which the total authorization would expire and, in the future, can further increase the authorized amount. Share repurchases under this program for the periods included herein were effected through open market transactions.
\u00a0
During the thirteen and twenty-six weeks ended June 28, 2025, the Company repurchased and subsequently retired 217,426 and 418,673 shares of its Class A Common Stock, respectively, for an aggregate purchase price of $49.9 million and $99.1 million, respectively. As of June 28, 2025, the Company had repurchased a cumulative total of approximately 15.3 million shares of its Class A Common Stock for an aggregate purchase price of approximately $1.27 billion and had approximately $328 million remaining on the $1.6 billion stock repurchase expenditure limit set by the Board of Directors.
"}]},{"name":"rpt:f-655","factDimensions":{"xbrl:concept":"us-gaap:ScheduleOfShareBasedCompensationActivityTableTextBlock","xbrl:period":"2024-12-29T00:00:00/2025-06-29T00:00:00","xbrl:entity":"cik:0000949870"},"factValues":[{"value":"Information related to stock options under the Restated Employee Equity Incentive Plan and the Equity Plan for Non-Employee Directors is summarized as follows:
\u00a0
\n| \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n |
\u00a0 | \n \u00a0 | \n Shares | \n \u00a0 | \n \u00a0 | \n Weighted- | \n \u00a0 | \n \u00a0 | \n Weighted- | \n \u00a0 | \n \u00a0 | \n Aggregate | \n \u00a0 | \n ||||
Outstanding at December 28, 2024 | \n \u00a0 | \n \u00a0 | \n 209,794 | \n \u00a0 | \n \u00a0 | \n $ | \n 358.48 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n ||
Granted | \n \u00a0 | \n \u00a0 | \n 80,195 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 243.63 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n ||
Exercised | \n \u00a0 | \n \u00a0 | \n - | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n - | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n ||
Forfeited/ Expired | \n \u00a0 | \n \u00a0 | \n (2,820 | \n ) | \n \u00a0 | \n \u00a0 | \n 262.25 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n ||
Outstanding at June 28, 2025 | \n \u00a0 | \n \u00a0 | \n 287,169 | \n \u00a0 | \n \u00a0 | \n $ | \n 327.35 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 5.94 | \n \u00a0 | \n \u00a0 | \n $ | \n 514 | \n \u00a0 | \n
Exercisable at June 28, 2025 | \n \u00a0 | \n \u00a0 | \n 149,301 | \n \u00a0 | \n \u00a0 | \n $ | \n 348.09 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 3.73 | \n \u00a0 | \n \u00a0 | \n $ | \n 514 | \n \u00a0 | \n
Vested and expected to vest at June 28, 2025 | \n \u00a0 | \n \u00a0 | \n 262,662 | \n \u00a0 | \n \u00a0 | \n $ | \n 333.17 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 5.63 | \n \u00a0 | \n \u00a0 | \n $ | \n 514 | \n \u00a0 | \n
\u00a0
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average assumptions used to estimate fair values of stock options on the date of grants are as follows:
\u00a0
\n| \n | \n | \n | \n | \n |
\u00a0 | \n \u00a0 | \n 2025 | \n \u00a0 | \n |
Expected Volatility | \n \u00a0 | \n 40.4% | \n \u00a0 | \n |
Risk-free interest rate | \n \u00a0 | \n 4.3% | \n \u00a0 | \n |
Expected Dividends | \n \u00a0 | \n 0.0% | \n \u00a0 | \n |
Exercise factor | \n \u00a0 | \n \u00a0 | \n 2.1 | \n \u00a0 | \n
Discount for post-vesting restrictions | \n \u00a0 | \n 0.0% | \n \u00a0 | \n
Information related to vesting activities of restricted stock units and investment share program under the Restated Employee Equity Incentive Plan and restricted stock units under the Equity Plan for Non-Employee Directors is summarized as follows:
\u00a0
\n| \n | \n | \n | \n | \n | \n | \n | \n | \n |
\u00a0 | \n \u00a0 | \n Number of Shares | \n \u00a0 | \n \u00a0 | \n Weighted Average Fair Value | \n \u00a0 | \n ||
Non-vested at December 28, 2024 | \n \u00a0 | \n \u00a0 | \n 164,551 | \n \u00a0 | \n \u00a0 | \n $ | \n 328.88 | \n \u00a0 | \n
Granted | \n \u00a0 | \n \u00a0 | \n 125,457 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 234.14 | \n \u00a0 | \n
Vested | \n \u00a0 | \n \u00a0 | \n (42,120 | \n ) | \n \u00a0 | \n \u00a0 | \n 358.39 | \n \u00a0 | \n
Forfeited | \n \u00a0 | \n \u00a0 | \n (23,336 | \n ) | \n \u00a0 | \n \u00a0 | \n 304.64 | \n \u00a0 | \n
Non-vested at June 28, 2025 | \n \u00a0 | \n \u00a0 | \n 224,552 | \n \u00a0 | \n \u00a0 | \n $ | \n 272.94 | \n \u00a0 | \n
The following table provides information regarding stock-based compensation expense included in operating expenses in the accompanying condensed consolidated statements of comprehensive operations:
\u00a0
\n| \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n |
\u00a0 | \n \u00a0 | \n Thirteen weeks ended | \n \u00a0 | \n \u00a0 | \n Twenty-six weeks ended | \n \u00a0 | \n ||||||||||
\u00a0 | \n \u00a0 | \n June 28, | \n \u00a0 | \n \u00a0 | \n June 29, | \n \u00a0 | \n \u00a0 | \n June 28, | \n \u00a0 | \n \u00a0 | \n June 29, | \n \u00a0 | \n ||||
\u00a0 | \n \u00a0 | \n (in thousands) | \n \u00a0 | \n \u00a0 | \n (in thousands) | \n \u00a0 | \n ||||||||||
Amounts included in advertising, promotional and selling expenses | \n \u00a0 | \n $ | \n 1,764 | \n \u00a0 | \n \u00a0 | \n $ | \n 1,465 | \n \u00a0 | \n \u00a0 | \n $ | \n 4,005 | \n \u00a0 | \n \u00a0 | \n $ | \n 3,930 | \n \u00a0 | \n
Amounts included in general and administrative expenses | \n \u00a0 | \n \u00a0 | \n 3,290 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 2,416 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 6,919 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 7,078 | \n \u00a0 | \n
Total stock-based compensation expense | \n \u00a0 | \n $ | \n 5,054 | \n \u00a0 | \n \u00a0 | \n $ | \n 3,881 | \n \u00a0 | \n \u00a0 | \n $ | \n 10,924 | \n \u00a0 | \n \u00a0 | \n $ | \n 11,008 | \n \u00a0 | \n
N. Segment Reporting
\u00a0
Operating segments are defined as components of an enterprise about which separate discrete information is available for evaluation by the chief operating decision maker, or decision making group, in deciding how to allocate resources in assessing performance. The Company has one operating segment and one reportable segment that produces and sells alcohol beverages under various brands. All brands are predominantly beverages that are manufactured using similar production processes, have comparable alcohol content, generally fall under the same regulatory environment, and are sold to the same types of customers in similar size quantities at similar price points, with similar profit margins, and through the same channels of distribution.
\u00a0
The accounting policies of the segment are the same as those described in the summary of significant accounting policies. The CODM assesses performance for the segment based on net income, which is reported on the income statement as consolidated net income. The measure of segment assets is reported on the balance sheet as total consolidated assets.
\u00a0
The table below summarizes the Company\u2019s measures of segment net income that the CODM considered in determining how to allocate resources and assess segment performance for the thirteen and twenty-six weeks ended June 28, 2025, and June 29, 2024
\u00a0
\n| \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n |
\u00a0 | \n \u00a0 | \n Thirteen weeks ended | \n \u00a0 | \n \u00a0 | \n Twenty-six weeks ended | \n \u00a0 | \n ||||||||||
\u00a0 | \n \u00a0 | \n June 28, | \n \u00a0 | \n \u00a0 | \n June 29, | \n \u00a0 | \n \u00a0 | \n June 28, | \n \u00a0 | \n \u00a0 | \n June 29, | \n \u00a0 | \n ||||
\u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n ||||
\u00a0 | \n \u00a0 | \n (in thousands) | \n \u00a0 | \n \u00a0 | \n (in thousands) | \n \u00a0 | \n ||||||||||
Net revenue | \n \u00a0 | \n $ | \n 587,949 | \n \u00a0 | \n \u00a0 | \n $ | \n 579,098 | \n \u00a0 | \n \u00a0 | \n $ | \n 1,041,816 | \n \u00a0 | \n \u00a0 | \n $ | \n 1,005,149 | \n \u00a0 | \n
Less: | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n ||||
Cost of goods sold | \n \u00a0 | \n \u00a0 | \n 295,431 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 312,640 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 530,035 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 552,343 | \n \u00a0 | \n
Salaries and benefits expenses | \n \u00a0 | \n \u00a0 | \n 58,739 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 63,155 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 126,747 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 135,305 | \n \u00a0 | \n
Advertising, promotional, and selling expenses (excluding salaries and benefits) | \n \u00a0 | \n \u00a0 | \n 124,359 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 106,373 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 222,693 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 186,177 | \n \u00a0 | \n
General and administrative expenses (excluding salaries and benefits) | \n \u00a0 | \n \u00a0 | \n 22,366 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 22,720 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 41,511 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 41,425 | \n \u00a0 | \n
Impairment of brewery assets | \n \u00a0 | \n \u00a0 | \n 4,985 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 3,395 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 4,985 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 3,731 | \n \u00a0 | \n
Interest income, net | \n \u00a0 | \n \u00a0 | \n (2,294 | \n ) | \n \u00a0 | \n \u00a0 | \n (2,946 | \n ) | \n \u00a0 | \n \u00a0 | \n (4,625 | \n ) | \n \u00a0 | \n \u00a0 | \n (6,439 | \n ) | \n
Other expense, net | \n \u00a0 | \n \u00a0 | \n 309 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 440 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 574 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 478 | \n \u00a0 | \n
Income tax provision | \n \u00a0 | \n \u00a0 | \n 23,621 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 20,982 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 35,051 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 27,193 | \n \u00a0 | \n
Segment net income | \n \u00a0 | \n $ | \n 60,433 | \n \u00a0 | \n \u00a0 | \n $ | \n 52,339 | \n \u00a0 | \n \u00a0 | \n $ | \n 84,845 | \n \u00a0 | \n \u00a0 | \n $ | \n 64,936 | \n \u00a0 | \n
\u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n
The table below summarizes the Company\u2019s measures of segment net income that the CODM considered in determining how to allocate resources and assess segment performance for the thirteen and twenty-six weeks ended June 28, 2025, and June 29, 2024
\u00a0
\n| \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n |
\u00a0 | \n \u00a0 | \n Thirteen weeks ended | \n \u00a0 | \n \u00a0 | \n Twenty-six weeks ended | \n \u00a0 | \n ||||||||||
\u00a0 | \n \u00a0 | \n June 28, | \n \u00a0 | \n \u00a0 | \n June 29, | \n \u00a0 | \n \u00a0 | \n June 28, | \n \u00a0 | \n \u00a0 | \n June 29, | \n \u00a0 | \n ||||
\u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n ||||
\u00a0 | \n \u00a0 | \n (in thousands) | \n \u00a0 | \n \u00a0 | \n (in thousands) | \n \u00a0 | \n ||||||||||
Net revenue | \n \u00a0 | \n $ | \n 587,949 | \n \u00a0 | \n \u00a0 | \n $ | \n 579,098 | \n \u00a0 | \n \u00a0 | \n $ | \n 1,041,816 | \n \u00a0 | \n \u00a0 | \n $ | \n 1,005,149 | \n \u00a0 | \n
Less: | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n ||||
Cost of goods sold | \n \u00a0 | \n \u00a0 | \n 295,431 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 312,640 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 530,035 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 552,343 | \n \u00a0 | \n
Salaries and benefits expenses | \n \u00a0 | \n \u00a0 | \n 58,739 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 63,155 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 126,747 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 135,305 | \n \u00a0 | \n
Advertising, promotional, and selling expenses (excluding salaries and benefits) | \n \u00a0 | \n \u00a0 | \n 124,359 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 106,373 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 222,693 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 186,177 | \n \u00a0 | \n
General and administrative expenses (excluding salaries and benefits) | \n \u00a0 | \n \u00a0 | \n 22,366 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 22,720 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 41,511 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 41,425 | \n \u00a0 | \n
Impairment of brewery assets | \n \u00a0 | \n \u00a0 | \n 4,985 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 3,395 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 4,985 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 3,731 | \n \u00a0 | \n
Interest income, net | \n \u00a0 | \n \u00a0 | \n (2,294 | \n ) | \n \u00a0 | \n \u00a0 | \n (2,946 | \n ) | \n \u00a0 | \n \u00a0 | \n (4,625 | \n ) | \n \u00a0 | \n \u00a0 | \n (6,439 | \n ) | \n
Other expense, net | \n \u00a0 | \n \u00a0 | \n 309 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 440 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 574 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 478 | \n \u00a0 | \n
Income tax provision | \n \u00a0 | \n \u00a0 | \n 23,621 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 20,982 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 35,051 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n 27,193 | \n \u00a0 | \n
Segment net income | \n \u00a0 | \n $ | \n 60,433 | \n \u00a0 | \n \u00a0 | \n $ | \n 52,339 | \n \u00a0 | \n \u00a0 | \n $ | \n 84,845 | \n \u00a0 | \n \u00a0 | \n $ | \n 64,936 | \n \u00a0 | \n
\u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n \u00a0 | \n
O. Related Party Transactions
\u00a0
In 2019, as part of the merger with Dogfish Head, the Company entered into a lease with the Dogfish Head founders and other owners of buildings used in certain of the Company\u2019s restaurant operations. The lease is for ten years with renewal options. The total payments due under the initial ten-year term is $3.6 million. Total related parties expense recognized related to the lease was $91,000 for the thirteen weeks ended June 28, 2025 and June 29, 2024. Additionally, the Company incurred expenses of less than $25,000 to various other suppliers affiliated with the Dogfish Head founders during the thirteen weeks ended June 28, 2025 and June 29, 2024. Total related parties expense recognized related to the lease was $183,000 for the twenty-six weeks ended June 28, 2025 and June 29, 2024. Additionally, the Company incurred expenses of less than $50,000 to various other suppliers affiliated with the Dogfish Head founders during the twenty-six weeks ended June 28, 2025 and July 29, 2024.
"}]},{"name":"rpt:f-777","factDimensions":{"xbrl:concept":"us-gaap:LesseeOperatingLeaseTermOfContract","xbrl:period":"2025-06-29T00:00:00","xbrl:entity":"cik:0000949870","us-gaap:RelatedPartyTransactionsByRelatedPartyAxis":"sam:DogfishHeadBreweryMember"},"factValues":[{"value":"P10Y"}]},{"name":"rpt:f-778","factDimensions":{"xbrl:concept":"us-gaap:LesseeOperatingLeaseLiabilityPaymentsDue","xbrl:period":"2025-06-29T00:00:00","xbrl:entity":"cik:0000949870","xbrl:unit":"iso4217:USD","us-gaap:RelatedPartyTransactionsByRelatedPartyAxis":"sam:DogfishHeadBreweryMember"},"factValues":[{"value":"3600000","decimals":-5}]},{"name":"rpt:f-779","factDimensions":{"xbrl:concept":"us-gaap:CostOfRevenue","xbrl:period":"2025-03-30T00:00:00/2025-06-29T00:00:00","xbrl:entity":"cik:0000949870","xbrl:unit":"iso4217:USD","us-gaap:RelatedPartyTransactionAxis":"us-gaap:RelatedPartyMember","us-gaap:RelatedPartyTransactionsByRelatedPartyAxis":"sam:DogfishHeadBreweryMember"},"factValues":[{"value":"91000","decimals":0}]},{"name":"rpt:f-780","factDimensions":{"xbrl:concept":"us-gaap:CostOfRevenue","xbrl:period":"2024-03-31T00:00:00/2024-06-30T00:00:00","xbrl:entity":"cik:0000949870","xbrl:unit":"iso4217:USD","us-gaap:RelatedPartyTransactionAxis":"us-gaap:RelatedPartyMember","us-gaap:RelatedPartyTransactionsByRelatedPartyAxis":"sam:DogfishHeadBreweryMember"},"factValues":[{"value":"91000","decimals":0}]},{"name":"rpt:f-781","factDimensions":{"xbrl:concept":"us-gaap:OperatingCostsAndExpenses","xbrl:period":"2025-03-30T00:00:00/2025-06-29T00:00:00","xbrl:entity":"cik:0000949870","xbrl:unit":"iso4217:USD","us-gaap:RelatedPartyTransactionAxis":"us-gaap:RelatedPartyMember","us-gaap:RelatedPartyTransactionsByRelatedPartyAxis":"sam:DogfishHeadBreweryMember"},"factValues":[{"value":"25000","decimals":0}]},{"name":"rpt:f-782","factDimensions":{"xbrl:concept":"us-gaap:OperatingCostsAndExpenses","xbrl:period":"2024-03-31T00:00:00/2024-06-30T00:00:00","xbrl:entity":"cik:0000949870","xbrl:unit":"iso4217:USD","us-gaap:RelatedPartyTransactionAxis":"us-gaap:RelatedPartyMember","us-gaap:RelatedPartyTransactionsByRelatedPartyAxis":"sam:DogfishHeadBreweryMember"},"factValues":[{"value":"25000","decimals":0}]},{"name":"rpt:f-783","factDimensions":{"xbrl:concept":"us-gaap:CostOfRevenue","xbrl:period":"2024-12-29T00:00:00/2025-06-29T00:00:00","xbrl:entity":"cik:0000949870","xbrl:unit":"iso4217:USD","us-gaap:RelatedPartyTransactionAxis":"us-gaap:RelatedPartyMember","us-gaap:RelatedPartyTransactionsByRelatedPartyAxis":"sam:DogfishHeadBreweryMember"},"factValues":[{"value":"183000","decimals":0}]},{"name":"rpt:f-784","factDimensions":{"xbrl:concept":"us-gaap:CostOfRevenue","xbrl:period":"2023-12-31T00:00:00/2024-06-30T00:00:00","xbrl:entity":"cik:0000949870","xbrl:unit":"iso4217:USD","us-gaap:RelatedPartyTransactionAxis":"us-gaap:RelatedPartyMember","us-gaap:RelatedPartyTransactionsByRelatedPartyAxis":"sam:DogfishHeadBreweryMember"},"factValues":[{"value":"183000","decimals":0}]},{"name":"rpt:f-785","factDimensions":{"xbrl:concept":"us-gaap:OperatingCostsAndExpenses","xbrl:period":"2024-12-29T00:00:00/2025-06-29T00:00:00","xbrl:entity":"cik:0000949870","xbrl:unit":"iso4217:USD","us-gaap:RelatedPartyTransactionAxis":"us-gaap:RelatedPartyMember","us-gaap:RelatedPartyTransactionsByRelatedPartyAxis":"sam:DogfishHeadBreweryMember"},"factValues":[{"value":"50000","decimals":0}]},{"name":"rpt:f-786","factDimensions":{"xbrl:concept":"us-gaap:OperatingCostsAndExpenses","xbrl:period":"2023-12-31T00:00:00/2024-06-30T00:00:00","xbrl:entity":"cik:0000949870","xbrl:unit":"iso4217:USD","us-gaap:RelatedPartyTransactionAxis":"us-gaap:RelatedPartyMember","us-gaap:RelatedPartyTransactionsByRelatedPartyAxis":"sam:DogfishHeadBreweryMember"},"factValues":[{"value":"50000","decimals":0}]},{"name":"rpt:f-787","factDimensions":{"xbrl:concept":"ecd:MtrlTermsOfTrdArrTextBlock","xbrl:period":"2025-03-30T00:00:00/2025-06-29T00:00:00","xbrl:entity":"cik:0000949870"},"factValues":[{"value":"Insider Trading Arrangements
\u00a0
No trading plans were adopted or terminated during the thirteen weeks ended June 28, 2025 by an executive officer or director that is intended to satisfy the affirmative defense conditions of Securities Exchange Act Rule 10b5-1(c) or a non-Rule 10b5-1(c) trading agreement, except as follows:
\u00a0
\n| \n | \n | \n | \n | \n | \n | \n |
Name and Title | \n Date of Adoption of Plan | \n Duration of Plan | \n Aggregate Number of Shares to Be Purchased or Sold Pursuant to Plan | \n \u00a0 | \n Description of the Material Terms of the Rule 10b5-1\u00a0Trading Arrangement | \n |
Vice President, Finance & Chief Accounting Officer Matthew D. Murphy | \n May 5, 2025 | \n \u00a0 | \n 4,155 | \n \u00a0 | \n Vested options to be exercised and sold over the duration of the plan | \n