Company: CHEF
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001517175-25-000002
Chunk: 130

Company: Chefs' Warehouse, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 8
Chunk 130
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urchase its common shares. Additionally, gross profit is used to monitor budget versus actual results and in competitive 

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analysis by benchmarking to the Company’s competitors. Consolidated total assets, reported on the balance sheet, is the measure of segment assets.The following table presents information about the Company’s foodservice distribution segment:Fiscal Years EndedDecember 27, 2024December 29, 2023December 30, 2022Net sales$3,794,212 $3,433,763 $2,613,399 Less:Cost of sales - non-production costs (1)2,805,332 2,550,995 1,954,578 Cost of sales - food processing costs (2)(3)74,733 68,294 40,185 Cost of sales2,880,065 2,619,289 1,994,763 Gross profit$914,147 $814,474 $618,636 (1)Non-production costs represent the net purchase price paid for products sold, plus the cost of transportation necessary to bring the product to the Company’s distribution facilities. Non-production costs include purchase incentives and product purchase credits from certain vendors.(2)Food processing costs include but are not limited to, direct labor and benefits, applicable overhead and depreciation of equipment and facilities used in food processing activities.(3)Food processing costs included $1,240, $1,466 and $1,598 of depreciation expense for the fiscal years ended December 27, 2024, December 29, 2023 and December 30, 2022, respectively.

Note 14 – Supplemental Disclosures of Cash Flow Information

December 27, 2024December 29, 2023December 30, 2022Cash paid for income taxes, net of cash received$18,515 $17,931 $4,275 Cash paid for interest$42,756 $42,070 $27,225 Cash paid for amounts included in the measurement of lease liabilities:Operating cash flows from operating leases$39,051 $38,471 $28,144 Operating cash flows from finance leases$2,240 $730 $442 ROU assets obtained in exchange for lease liabilities:Operating leases$26,058 $65,601 $49,643 Finance leases$33,580 $13,431 $2,960 Non-cash investing