0001564590-21-037611 | 10-Q | XBRL Viewer

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Cover Page - shares	6 Months Ended
Cover Page - shares	Jun. 26, 2021	Jul. 16, 2021
Document Information [Line Items]
Document Transition Report	false
Document Quarterly Report	true
Document Type	10-Q
Document Period End Date	Jun. 26, 2021
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Registrant Name	THE BOSTON BEER COMPANY, INC.
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity Small Business	false
Entity Emerging Growth Company	false
Entity File Number	1-14092
Entity Incorporation, State or Country Code	MA
Entity Tax Identification Number	04-3284048
Entity Address, Address Line One	One Design Center Place, Suite 850
Entity Address, City or Town	Boston
Entity Address, State or Province	MA
Entity Address, Postal Zip Code	02210
City Area Code	617
Local Phone Number	368-5000
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Entity Central Index Key	0000949870
Current Fiscal Year End Date	--12-26
Trading Symbol	SAM
Security Exchange Name	NYSE
Title of 12(b) Security	Class A Common Stock
Common Class A
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		10,203,795
Common Class B
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		2,078,000

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 26, 2021	Dec. 26, 2020
Current Assets:
Cash and cash equivalents	$ 102,953	$ 163,282
Accounts receivable	113,458	78,358
Inventories	247,550	130,910
Prepaid expenses and other current assets	38,240	30,230
Income tax receivable	12,896	10,393
Total current assets	515,097	413,173
Property, plant and equipment, net	664,200	623,083
Operating right-of-use assets	56,490	58,483
Goodwill	112,529	112,529
Intangible assets	103,804	103,930
Third-party production prepayments	88,683	56,843
Other assets	20,149	10,784
Total assets	1,560,952	1,378,825
Current Liabilities:
Accounts payable	201,043	121,647
Accrued expenses and other current liabilities	108,036	129,544
Current operating lease liabilities	8,272	8,232
Total current liabilities	317,351	259,423
Deferred income taxes, net	92,681	92,665
Non-current operating lease liabilities	57,040	59,171
Other liabilities	9,745	10,599
Total liabilities	476,817	421,858
Commitments and Contingencies (See Note J)
Stockholders' Equity:
Additional paid-in capital	602,163	599,737
Accumulated other comprehensive loss	(217)	(252)
Retained earnings	482,066	357,360
Total stockholders' equity	1,084,135	956,967
Total liabilities and stockholders' equity	1,560,952	1,378,825
Common Class A
Stockholders' Equity:
Common Stock	102	100
Common Class B
Stockholders' Equity:
Common Stock	$ 21	$ 22

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 26, 2021	Dec. 26, 2020
Common Class A
Common Stock, par value	$ 0.01	$ 0.01
Common Stock, shares authorized	22,700,000	22,700,000
Common Stock, shares issued	10,165,649	10,004,681
Common Stock, shares outstanding	10,165,649	10,004,681
Common Class B
Common Stock, par value	$ 0.01	$ 0.01
Common Stock, shares authorized	4,200,000	4,200,000
Common Stock, shares issued	2,078,000	2,177,983
Common Stock, shares outstanding	2,078,000	2,177,983

Condensed Consolidated Statements Income and Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 26, 2021	Jun. 27, 2020	Jun. 26, 2021	Jun. 27, 2020
Income Statement [Abstract]
Revenue	$ 641,314	$ 481,089	$ 1,223,023	$ 833,314
Less excise taxes	38,509	28,951	75,138	50,611
Net revenue	602,805	452,138	1,147,885	782,703
Cost of goods sold	327,116	242,514	622,566	425,106
Gross profit	275,689	209,624	525,319	357,597
Operating expenses:
Advertising, promotional and selling expenses	161,620	100,336	302,479	198,227
General and administrative expenses	32,960	29,685	64,906	56,714
Impairment of assets	1,004	834	1,231	2,355
Total operating expenses	195,584	130,855	368,616	257,296
Operating income	80,105	78,769	156,703	100,301
Other expense:
Interest expense	(29)	(212)	(58)	(149)
Other income (expense), net	8	(52)	2	(412)
Total other expense, net	(21)	(264)	(56)	(561)
Income before income tax provision	80,084	78,505	156,647	99,740
Income tax provision	20,889	18,364	31,887	21,365
Net income	$ 59,195	$ 60,141	$ 124,760	$ 78,375
Net income per common share - basic	$ 4.82	$ 4.93	$ 10.16	$ 6.44
Net income per common share - diluted	$ 4.75	$ 4.88	$ 10.01	$ 6.37
Weighted-average number of common shares - basic	12,283	12,196	12,277	12,177
Weighted-average number of common shares - diluted	12,465	12,258	12,461	12,221
Net income	$ 59,195	$ 60,141	$ 124,760	$ 78,375
Other comprehensive income:
Foreign currency translation adjustment	15	(13)	35	(71)
Comprehensive income	$ 59,210	$ 60,128	$ 124,795	$ 78,304

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 26, 2021	Jun. 27, 2020
Cash flows provided by operating activities:
Net income	$ 124,760	$ 78,375
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	34,174	32,584
Impairment of assets	1,231	2,355
(Gain) loss on disposal of property, plant and equipment	(150)	39
Change in right-of-use assets	3,954	3,649
Other non-cash (income) expense	(98)	375
Stock-based compensation expense	10,291	7,103
Deferred income taxes	(39)	12,407
Changes in operating assets and liabilities:
Accounts receivable	(35,075)	(45,326)
Inventories	(120,675)	(12,795)
Prepaid expenses, income tax receivable and other current assets	(25,329)	(3,347)
Third-party production prepayments	(17,024)	(11,415)
Other assets	(5,475)	(253)
Accounts payable	78,801	19,560
Accrued expenses and other current liabilities	(14,427)	20,803
Change in operating lease liabilities	(4,052)	(80)
Other liabilities	120	(23)
Net cash provided by operating activities	30,987	104,011
Cash flows used in investing activities:
Purchases of property, plant and equipment	(83,521)	(60,072)
Proceeds from disposal of property, plant and equipment	420	45
Other investing activities	145	260
Net cash used in investing activities	(82,956)	(59,767)
Cash flows (used in) provided by financing activities:
Proceeds from exercise of stock options and sale of investment shares	7,944	8,010
Net cash paid on note payable and finance leases	(795)	(649)
Cash borrowed on line of credit		100,000
Cash paid on line of credit		(100,000)
Payment of tax withholding on stock-based payment awards and investment shares	(15,509)	(1,559)
Net cash (used in) provided by financing activities	(8,360)	5,802
Change in cash and cash equivalents	(60,329)	50,046
Cash and cash equivalents at beginning of year	163,282	36,670
Cash and cash equivalents at end of period	102,953	86,716
Supplemental disclosure of cash flow information:
Income taxes paid	34,395	2,929
Cash paid for amounts included in measurement of lease liabilities
Operating cash flows from operating leases	5,212	4,532
Operating cash flows from finance leases	66	75
Financing cash flows from finance leases	724	581
Right-of-use-assets obtained in exchange for operating lease obligations	1,961	11,311
Right-of-use-assets obtained in exchange for finance lease obligations		3,856
Change in purchase of property, plant and equipment in accounts payable and accrued expenses	$ (6,928)	$ 4,920

Condensed Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Common Stock Common Class A	Common Stock Common Class B	Additional Paid-in Capital	Accumulated Other Comprehensive Loss	Retained Earnings	Retained Earnings Cumulative Effect, Period of Adoption, Adjustment
Balance at Dec. 28, 2019	$ 735,636		$ 94	$ 27	$ 571,784	$ (1,669)	$ 165,400
Balance (in shares) at Dec. 28, 2019			9,371,000	2,673,000
Net income	18,234						18,234
Stock options exercised and restricted shares activities	1,858				1,858
Stock options exercised and restricted shares activities (in shares)			38,000
Stock-based compensation expense	2,566				2,566
Conversion from Class B to Class A			$ 2	$ (2)
Conversion from Class B to Class A (in shares)			150,000	(150,000)
Foreign currency translation adjustment	(58)					(58)
Balance at Mar. 28, 2020	758,236		$ 96	$ 25	576,208	(1,727)	183,634
Balance (in shares) at Mar. 28, 2020			9,559,000	2,523,000
Balance at Dec. 28, 2019	735,636		$ 94	$ 27	571,784	(1,669)	165,400
Balance (in shares) at Dec. 28, 2019			9,371,000	2,673,000
Net income	78,375
Foreign currency translation adjustment	(71)
Balance at Jun. 27, 2020	827,544		$ 98	$ 23	585,327	(1,740)	243,775
Balance (in shares) at Jun. 27, 2020			9,835,000	2,308,000
Balance at Mar. 28, 2020	758,236		$ 96	$ 25	576,208	(1,727)	183,634
Balance (in shares) at Mar. 28, 2020			9,559,000	2,523,000
Net income	60,141						60,141
Stock options exercised and restricted shares activities	4,643				4,582
Stock options exercised and restricted shares activities (in shares)			61,000
Stock-based compensation expense	4,537				4,537
Conversion from Class B to Class A			$ 2	$ (2)
Conversion from Class B to Class A (in shares)			215,000	(215,000)
Foreign currency translation adjustment	(13)					(13)
Balance at Jun. 27, 2020	827,544		$ 98	$ 23	585,327	(1,740)	243,775
Balance (in shares) at Jun. 27, 2020			9,835,000	2,308,000
Balance at Dec. 26, 2020	956,967	$ (54)	$ 100	$ 22	599,737	(252)	357,360	$ (54)
Accounting Standards Update [Extensible List]		us-gaap:AccountingStandardsUpdate201912Member						us-gaap:AccountingStandardsUpdate201912Member
Balance (in shares) at Dec. 26, 2020			10,005,000	2,178,000
Net income	65,565						65,565
Stock options exercised and restricted shares activities	1,269		$ 1		1,268
Stock options exercised and restricted shares activities (in shares)			48,000
Stock-based compensation expense	4,957				4,957
Foreign currency translation adjustment	20					20
Balance at Mar. 27, 2021	1,028,724		$ 101	$ 22	605,962	(232)	422,871
Balance (in shares) at Mar. 27, 2021			10,053,000	2,178,000
Balance at Dec. 26, 2020	956,967	$ (54)	$ 100	$ 22	599,737	(252)	357,360	$ (54)
Balance (in shares) at Dec. 26, 2020			10,005,000	2,178,000
Net income	$ 124,760
Stock options exercised and restricted shares activities (in shares)	32,835
Foreign currency translation adjustment	$ 35
Balance at Jun. 26, 2021	1,084,135		$ 102	$ 21	602,163	(217)	482,066
Balance (in shares) at Jun. 26, 2021			10,166,000	2,078,000
Balance at Mar. 27, 2021	1,028,724		$ 101	$ 22	605,962	(232)	422,871
Balance (in shares) at Mar. 27, 2021			10,053,000	2,178,000
Net income	59,195						59,195
Stock options exercised and restricted shares activities	(9,133)				(9,133)
Stock options exercised and restricted shares activities (in shares)			13,000
Stock-based compensation expense	5,334				5,334
Conversion from Class B to Class A			$ 1	$ (1)
Conversion from Class B to Class A (in shares)			100,000	(100,000)
Foreign currency translation adjustment	15					15
Balance at Jun. 26, 2021	$ 1,084,135		$ 102	$ 21	$ 602,163	$ (217)	$ 482,066
Balance (in shares) at Jun. 26, 2021			10,166,000	2,078,000

Organization and Basis of Presentation

6 Months Ended

Jun. 26, 2021

Accounting Policies [Abstract]

Organization and Basis of Presentation

A.Organization and Basis of Presentation

The Boston Beer Company, Inc. and certain subsidiaries (the “Company”) are engaged in the business of selling alcohol beverages throughout the United States and in selected international markets, under the trade names “The Boston Beer Company®”, “Twisted Tea Brewing Company®”, “Hard Seltzer Beverage Company”, “Angry Orchard® Cider Company”, “Dogfish Head® Craft Brewery”, “Dogfish Head® Craft Distillery”, “Angel City® Brewing Company”, “Coney Island® Brewing Company” and “American Fermentation Company”.

The accompanying unaudited condensed consolidated balance sheet as of June 26, 2021, and the unaudited condensed consolidated statements of income and comprehensive income, stockholders’ equity, and cash flows for the interim periods ended June 26, 2021 and June 27, 2020 have been prepared by the Company in accordance with U.S. generally accepted accounting principles (“GAAP”) 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’s Annual Report on Form 10-K for the year ended December 26, 2020.

In the opinion of the Company’s management, the Company’s unaudited condensed consolidated balance sheet as of June 26, 2021 and the results of its condensed consolidated operations, stockholders’ equity, and cash flows for the interim periods ended June 26, 2021 and June 27, 2020, 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. Reclassifications have been made to the prior year’s condensed consolidated financial statements to conform to the current year’s presentation. Among the reclassifications is the separate presentation of third-party production prepayments.

COVID-19 Pandemic

6 Months Ended

Jun. 26, 2021

Covid Nineteen Pandemic [Abstract]

COVID-19 Pandemic

B.COVID-19 Pandemic

As the COVID-19 pandemic slowly winds down, the Company’s primary focus continues to be on operating its breweries and business safely and working hard to meet customer demand. The Company is very proud of the passion, creativity and commitment to community that coworkers demonstrated during this pandemic. The Company began seeing the impact of the COVID-19 pandemic on its business in early March 2020. The direct financial impact of the pandemic primarily included significantly reduced keg demand from the on-premise channel and higher labor and safety-related costs at the Company’s breweries. In addition to these direct financial impacts, COVID-19 related safety measures resulted in a reduction of brewery productivity. This has shifted more volume to third-party breweries, which increased production costs and negatively impacted gross margin rates. In the first half of 2020, the Company recorded COVID-19 related pre-tax reductions in net revenue and increases in other costs that total $14.1 million of which $10.0 million was recorded in the first quarter and $4.1 million was recorded in the second quarter. The total amount consists of a $5.8 million reduction in net revenue for estimated keg returns from distributors and retailers and $8.3 million for inventory write-downs for obsolescence, increased costs for health and safety, increased salaries and benefits and other COVID-19 related direct costs, of which $5.6 million are recorded in cost of goods sold and $2.7 million are recorded in operating expenses. In 2021 and going forward, the Company will not report COVID-19 related direct costs separately as they are viewed to be a normal part of operations.

Goodwill and Intangible Assets

6 Months Ended

Jun. 26, 2021

Goodwill And Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

C. Goodwill and Intangible Assets

There were no changes in the carrying value of goodwill during the thirteen or twenty-six weeks ended June 26, 2021 and June 27, 2020.

The Company’s intangible assets as of June 26, 2021 and December 26, 2020 were as follows:

			As of June 26, 2021							As of December 26, 2020
	Estimated Useful		Gross Carrying		Accumulated			Net Book		Gross Carrying		Accumulated			Net Book
	Life (Years)		Value		Amortization			Value		Value		Amortization			Value
								(in thousands)
Customer Relationships		15	$	3,800	$	(506	)	$	3,294	$	3,800	$	(380	)	$	3,420
Trade Names	Indefinite			100,510		—			100,510		100,510		—			100,510
Total intangible assets			$	104,310	$	(506	)	$	103,804	$	104,310	$	(380	)	$	103,930

The Company acquired intangible assets in fiscal year 2019 that consist of $98.5 million for the value of the Dogfish Head brand name and $3.8 million for the value of customer relationships. The customer relationship intangible is amortized on a straight-line basis over a 15 year useful life. Amortization expense in the thirteen and twenty-six weeks ended June 26, 2021 was approximately $63,000 and $127,000, respectively. The Company expects to record amortization expense as follows over the remaining current year and the five subsequent years:

Fiscal Year	Amount (in thousands)
Remainder of 2021	$	127
2022		253
2023		253
2024		253
2025		253
2026		253

Recent Accounting Pronouncements

6 Months Ended

Jun. 26, 2021

Recent Accounting Pronouncements [Abstract]

Recent Accounting Pronouncements

D.Recent Accounting Pronouncements

Accounting Pronouncements Recently Adopted

In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. The standard includes multiple key provisions, including removal of certain exceptions to ASC 740, Income Taxes, and simplification in several other areas such as accounting for a franchise tax (or similar tax) that is partially based on income. ASU 2019-12 is effective for fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. The Company adopted the standard in the first quarter of fiscal 2021 and recorded an adjustment of $0.1 million to retained earnings. .

- Definition

The entire disclosure for change in accounting principle. Includes, but is not limited to, nature, reason, and method of adopting amendment to accounting standards or other change in accounting principle.

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+ Details

Revenue Recognition

6 Months Ended

Jun. 26, 2021

Disaggregation Of Revenue [Abstract]

Revenue Recognition

E. Revenue Recognition

During the twenty-six weeks ended June 26, 2021 and June 27, 2020, approximately 95% of the Company’s revenue was from shipments of its products to domestic distributors, 4% from shipments to international distributors, primarily located in Canada, and less than 1% was from retail beer, cider, and merchandise sales at the Company’s retail locations.

The Company recognizes revenue when obligations under the terms of a contract with its customer are satisfied; generally, this occurs with the transfer of control 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 26, 2021 and December 26, 2020, the Company has deferred $17.7 million and $13.9 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.

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 $18.4 million and $41.8 million for the thirteen and twenty-six weeks ended June 26, 2021, respectively, and were $20.4 million and $28.6 million for the thirteen and twenty-six weeks ended June 27, 2020, 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.

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 revenue or as advertising, promotional and selling expenses for the thirteen and twenty-six weeks ended June 26, 2021 were $13.2 million and $23.3 million, respectively. For the thirteen and twenty-six weeks ended June 26, 2021 the Company recorded certain of these costs in the total amounts of $10.9 million and $20.1 million, respectively, as reductions to net revenue. Amounts paid to customers in connection with these programs for the thirteen and twenty-six weeks ended June 27, 2020 were $5.0 million and $9.5 million, respectively. For the thirteen and twenty-six weeks ended June 27, 2020, the Company recorded certain of these costs in the total amount of $4.8 million and $9.0 million, respectively as reductions to net revenue. 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 media 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.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130556-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130550-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130558-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

+ Details

Inventories

6 Months Ended

Jun. 26, 2021

Inventory Disclosure [Abstract]

Inventories

F. Inventories

Inventories consist of raw materials, work in process and finished goods. Raw materials, which principally consist of hops, flavorings, apple juice, other brewing materials and packaging, are stated at the lower of cost, determined on the first-in, first-out basis, or net realizable value. The Company’s 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:

	June 26, 2021		December 26, 2020
	(in thousands)
Current inventory:
Raw materials	$	106,365	$	69,272
Work in process		18,848		16,846
Finished goods		122,337		44,792
Total current inventory		247,550		130,910
Long term inventory		13,674		9,639
Total inventory	$	261,224	$	140,549

Third-Party Production Prepayments

6 Months Ended

Jun. 26, 2021

Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]

Third Party Production Prepayments

G.Third-party production prepayments

During the twenty-six weeks ended June 26, 2021, the Company brewed and packaged approximately 54% of its volume at Company-owned breweries. In the normal course of its business, the Company has historically entered into various production arrangements with other brewing companies. Pursuant to these arrangements, the Company generally supplies raw materials and packaging to those brewing companies, and incurs conversion fees for labor at the time the liquid is produced and packaged. The Company has made

payments for capital improvements at these third-party brewing facilities that it expenses over the period of the contracts. As of June 26, 2021, and December 26, 2020 total third-party production prepayments were as follows:

	June 26, 2021		December 26, 2020
	(in thousands)
Prepaid expenses and other current assets	$	-	$	14,816
Third-party production prepayments		88,683		56,843
Total third-party production prepayments	$	88,683	$	71,659

Effective March 27, 2021, the Company began classifying third-party production prepayments solely as non-current assets and reclassed the $14.8 million of third-party production prepayments at December 26, 2020 from current assets to non-current assets. The Company will expense the total prepaid amount of $88.7 million as a component of cost of goods sold over the contractual period ending December 31, 2025.

During the twenty-six weeks ended June 26, 2021, the Company entered into a master transaction agreement with one of its existing brewing services providers to ensure access to capacity at a new location and continued access at certain existing locations. Upon the closing of the purchase of the new location by the third-party brewing services provider, the agreement became effective during the thirteen weeks ended June 26, 2021. As part of the master transaction agreement, the Company paid $10.0 million for capital improvements for the new location, which is included within the third-party production prepayments balance as of June 26, 2021. The Company is required to pay an additional $17.9 million to ensure access to capacity once certain conditions are met. The agreement additionally includes monthly shortfall fees beginning January 1, 2023.

During the thirteen weeks ended June 26, 2021, as a result of lower than anticipated demand for certain Truly brand styles and packages, the Company adjusted its volume plans for production at certain third-party facilities. This adjustment is expected to result in shortfall fees related to one facility of $0.6 million of which has been expensed during the thirteen weeks ended June 26, 2021. Based on current production volume projections, the Company believes that it will meet all other future annual volume commitments under its third party production arrangements and will not incur any additional shortfall fees. If future volume projections are further reduced-below the minimum annual volume commitments and the Company estimates that shortfall fees will be incurred, the Company will expense the estimated shortfall fees in the period when incurring the shortfall fees becomes probable. As of June 26, 2021, if volume for the remaining term of the production arrangements was zero, the contractual shortfall fees would total $63.4 million through December 31, 2026.

Net Income per Share

6 Months Ended

Jun. 26, 2021

Earnings Per Share [Abstract]

Net Income per Share

H.Net Income per Share

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.

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’s assets.

The Class B Common Stock has full voting rights, including the right to (1) elect a majority of the members of the Company’s Board of Directors and (2) approve all (a) amendments to the Company’s Articles of Organization, (b) mergers or consolidations with, or acquisitions of, other entities, (c) sales or dispositions of any significant portion of the Company’s assets, and (d) equity-based and other executive compensation and other significant corporate matters. The Company’s 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.

The Company’s unvested share-based payment awards include unvested shares (1) issued under the Company’s 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 awards at the discretion of the Company’s Board of Directors. The investment shares and restricted stock awards generally vest over five years in equal number of shares. The unvested shares participate equally in dividends. See Note N for a discussion of the current year unvested stock awards and issuances.

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 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. In December 2018, the Employee Equity Incentive Plan was amended to permit the grant of restricted stock units. 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 and are forfeitable. Prior to March 1, 2019, the Company granted restricted stock awards, generally vesting over five years in equal number of shares. The Company also grants stock options 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.

Net Income per Common Share - Basic

The following table sets forth the computation of basic net income per share using the two-class method:

	Thirteen weeks ended				Twenty-six weeks ended
	June 26, 2021		June 27, 2020		June 26, 2021		June 27, 2020
	(in thousands, except per share data)				(in thousands, except per share data)
Net income	$	59,195	$	60,141	$	124,760	$	78,375
Allocation of net income for basic:
Class A Common Stock	$	48,710	$	47,930	$	102,354	$	61,612
Class B Common Stock		10,268		11,836		21,893		16,237
Unvested participating shares		217		375		513		526
	$	59,195	$	60,141	$	124,760	$	78,375
Weighted average number of shares for basic:
Class A Common Stock		10,108		9,720		10,072		9,572
Class B Common Stock*		2,131		2,400		2,155		2,523
Unvested participating shares		44		76		50		82
		12,283		12,196		12,277		12,177
Net income per share for basic:
Class A Common Stock	$	4.82	$	4.93		10.16	$	6.44
Class B Common Stock	$	4.82	$	4.93	$	10.16	$	6.44

*Change in Class B Common Stock resulted from the conversion of 130,000 shares to Class A Common Stock on November 3, 2020 and 99,983 shares to Class A Common Stock on May 14, 2021 with the ending number of shares reflecting the weighted average for the period.

Net Income per Common Share - Diluted

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.

The following table sets forth the computation 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 26, 2021 and for the thirteen and twenty six weeks ended June 27, 2020:

	Thirteen weeks ended
	June 26, 2021						June 27, 2020
	Earnings to Common Shareholders		Common Shares		EPS		Earnings to Common Shareholders		Common Shares		EPS
	(in thousands, except per share data)
As reported - basic	$	48,710		10,108	$	4.82	$	47,930		9,720	$	4.93
Add: effect of dilutive potential common shares
Share-based awards		—		160				—		138
Class B Common Stock		10,268		2,131				11,836		2,400
Net effect of unvested participating shares		217		66				4		—
Net income per common share - diluted	$	59,195		12,465	$	4.75	$	59,770		12,258	$	4.88


	Twenty-six weeks ended
	June 26, 2021						June 27, 2020
	Earnings to Common Shareholders		Common Shares		EPS		Earnings to Common Shareholders		Common Shares		EPS
	(in thousands, except per share data)
As reported - basic	$	102,354		10,072	$	10.16	$	61,612		9,572	$	6.44
Add: effect of dilutive potential common shares
Share-based awards		—		161				—		126
Class B Common Stock		21,893		2,155				16,237		2,523
Net effect of unvested participating shares	513			73				5		—
Net income per common share - diluted	$	124,760		12,461	$	10.01	$	77,854		12,221	$	6.37

During the thirteen and twenty-six weeks ended June 26, 2021, in accordance with the treasury stock method, weighted-average stock options to purchase approximately 20,000 and 13,000 shares of Class A Common stock were outstanding but not included in computing dilutive income per common share because their effects were anti-dilutive. In accordance with the two-class method, weighted average stock options to purchase approximately 23,000 and 16,000 shares of Class A Common Stock were outstanding during the thirteen and twenty-six weeks ended June 27, 2020 but not included in computing dilutive income per common share because their effects were anti-dilutive. Additionally, performance-based stock awards of approximately 1,000 shares of Class A Common Stock were outstanding as of June 26, 2021, but not included in computing diluted income per common share because the performance criteria of these awards were not met as of the end of the reporting period.

Comprehensive Income or Loss

6 Months Ended

Jun. 26, 2021

Comprehensive Income Net Of Tax [Abstract]

Comprehensive Income or Loss

I.Comprehensive Income or Loss

Comprehensive income or loss represents net income or loss and foreign currency translation adjustment. The foreign currency translation adjustments for the interim periods ended June 26, 2021 and June 27, 2020 were not material.

Commitments and Contingencies

6 Months Ended

Jun. 26, 2021

Commitments And Contingencies Disclosure [Abstract]

Commitments and Contingencies

J. Commitments and Contingencies

Contract Obligations

As of June 26, 2021, projected cash outflows under non-cancelable contractual obligations are as follows:

	Commitments
	(in thousands)
Ingredients (excluding hops and malt)	$	129,706
Brand support		103,865
Equipment and machinery		78,513
Hops and malt		52,471
Other		16,935
Total commitments	$	381,490

The majority of these contract obligations are for the 2021 fiscal year with the remainder extending no later than the 2026 fiscal year.

Litigation

The Company is not a party to any pending or threatened litigation, the outcome of which would be expected to have a material adverse effect upon its financial condition or the results of its operations. In general, while the Company believes it conducts its business appropriately in accordance with laws, regulations and industry guidelines, claims, whether or not meritorious, could be asserted against the Company that might adversely impact the Company’s results.

Income Taxes

6 Months Ended

Jun. 26, 2021

Income Tax Disclosure [Abstract]

Income Taxes

K. Income Taxes

As of June 26, 2021 and December 26, 2020, the Company had approximately $0.8 million of unrecognized income tax benefits as of each date.

The Company’s practice is to classify interest and penalties related to income tax matters in income tax expense. As of June 26, 2021 and December 26, 2020, the Company had $0.2 million and $0.2 million, respectively, accrued for interest and penalties recorded in other liabilities.

The Internal Revenue Service completed an examination of the 2015 consolidated corporate income tax return and issued a no change report in 2018. The Company’s state income tax returns remain subject to examination for three or four years depending on the state’s statute of limitations. The Company is not currently under any income tax audits as of June 26, 2021.

The following table provides a summary of the income tax provision for the thirteen and twenty-six weeks ended June 26, 2021 and June 27, 2020:

	Thirteen weeks ended
	June 26, 2021			June 27, 2020
	(in thousands)
Summary of income tax provision
Tax provision based on net income	$	21,315		$	20,699
Benefit of ASU 2016-09		(426	)		(2,335	)
Total income tax provision	$	20,889		$	18,364

	Twenty-six weeks ended
	June 26, 2021			June 27, 2020
	(in thousands)
Summary of income tax provision
Tax provision based on net income	$	40,927		$	25,704
Benefit of ASU 2016-09		(9,040	)		(4,339	)
Total income tax provision	$	31,887		$	21,365

The benefit of ASU 2016-09, Improvements to Employee Share-Based Payment Accounting, decreased by $1.9 million to $0.4 million for the thirteen weeks ended June 26, 2021 as compared to $2.3 million for the thirteen weeks ended June 27, 2020, primarily

due to decreases in number of shares exercised. The benefit of ASU 2016-09, Improvements to Employee Share-Based Payment Accounting, increased by $4.7 million to $9.0 million for the twenty-six weeks ended June 26, 2021 as compared to $4.3 million for the thirteen weeks ended June 27, 2020, primarily due to increases in stock price.

The Company’s effective tax rate for the thirteen weeks ended June 26, 2021, excluding the impact of ASU 2016-09, increased to 26.6% from 26.4% for the thirteen weeks ended June 27, 2020, primarily due to an increase in state taxes. The Company’s effective tax rate for the twenty-six weeks ended June 26, 2021, excluding the impact of ASU 2016-09, increased to 26.1% from 25.8% for the twenty-six weeks ended June 27, 2020, primarily due to an increase in state taxes.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References + Details

Revolving Line of Credit

6 Months Ended

Jun. 26, 2021

Debt Disclosure [Abstract]

Revolving Line of Credit

L.Revolving Line of Credit

In March 2018, the Company amended its existing credit facility that provides for a $150.0 million revolving line of credit to extend the scheduled expiration date to March 31, 2023. As of June 26, 2021, the Company was in compliance with all of its financial covenants to the lender under the credit facility and the full balance of $150.0 million under the line of credit was available to the Company for future borrowing.

Fair Value Measures

6 Months Ended

Jun. 26, 2021

Fair Value Disclosures [Abstract]

Fair Value Measures

M.Fair Value Measures

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).

•

Level 1 — Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date.

•

Level 2 — Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. If the asset or liability has a specified (contractual) term, a Level 2 input must be observable for substantially the full term of the asset or liability.

•

Level 3 — Level 3 inputs are unobservable inputs for the asset or liability in which there is little, if any, market activity for the asset or liability at the measurement date.

The Company’s 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, receivables and payables are carried at their cost, which approximates fair value, because of their short-term nature.

At June 26, 2021 and December 26, 2020, the Company had money market funds with a “Triple A” rated money market fund. The Company considers the “Triple A” rated money market fund to be a large, highly-rated investment-grade institution. As of June 26, 2021 and December 26, 2020, the Company’s cash and cash equivalents balance was $103.0 million and $163.3 million, respectively, including money market funds amounting to $100.7 million and $157.6 million, respectively.

- Definition

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

+ References + Details

Common Stock and Stock-Based Compensation

6 Months Ended

Jun. 26, 2021

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Common Stock and Stock-Based Compensation

N.Common Stock and Stock-Based Compensation

Option Activity

Information related to stock options under the Restated Employee Equity Incentive Plan and the Stock Option Plan for Non-Employee Directors is summarized as follows:

	Shares			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term in Years		Aggregate Intrinsic Value (in thousands)
Outstanding at December 26, 2020		241,847		$	228.58
Granted		20,420			1,031.01
Forfeited		-			-
Expired		-			-
Exercised		(32,835	)		197.25
Outstanding at June 26, 2021		229,432		$	304.49		5.93	$	167,692
Exercisable at June 26, 2021		81,317		$	228.58		5.07	$	65,631
Vested and expected to vest at June 26, 2021		210,177		$	300.67		5.89	$	154,424

Of the total options outstanding at June 26, 2021, 23,019 shares were performance-based options for which the performance criteria had yet to be achieved.

On March 1, 2021, the Company granted options to purchase an aggregate of 8,063 shares of the Company’s Class A Common Stock to senior management with a weighted average fair value of $449.93 per share, of which all shares relate to performance-based stock options.

On March 1, 2021 the Company granted options to purchase an aggregate of 10,935 shares of the Company’s Class A Common Stock to the Chief Executive Officer with a weighted average fair value of $457.25 per share, of which all shares relate to service-based stock options.

On May 19, 2021, the Company granted options to purchase an aggregate of 1,422 shares of the Company’s Class A Common Stock to the Company’s non-employee Directors. These options have a weighted average fair value of $484.33 per share. All of the options vested immediately on the date of the grant

Weighted average assumptions used to estimate fair values of stock options on the date of grants are as follows:

Non-Vested Shares Activity

	2021
Expected Volatility		36.1	%
Risk-free interest rate		1.5	%
Expected Dividends		0.0	%
Exercise factor	2.6 times
Discount for post-vesting restrictions		0.0	%

The following table summarizes vesting activities of shares issued under the investment share program and restricted stock awards:

	Number of Shares			Weighted Average Fair Value
Non-vested at December 26, 2020		114,316		$	263.47
Granted		17,632			880.81
Vested		(41,923	)		227.42
Forfeited		(445	)		291.63
Non-vested at June 26, 2021		89,580		$	402.53

Of the total shares outstanding at June 26, 2021, 2,696 shares were performance-based shares for which the performance criteria had yet to be achieved.

On March 1, 2021, the Company granted a combined 7,817 shares of restricted stock units to certain officers, senior managers and key employees, of which all shares vest ratably over service periods of four years. Additionally on March 1, 2020, the Company granted 4,861 shares of restricted stock units to the Chief Executive Officer, of which all shares vest over five years. On March 1, 2021, employees elected to purchase a combined 4,954 shares under the Company’s 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 $1,028.71 and $502.32 per share, respectively.

Stock-Based Compensation

The following table provides information regarding stock-based compensation expense included in operating expenses in the accompanying condensed consolidated statements of comprehensive income:

	Thirteen weeks ended				Twenty-six weeks ended
	June 26, 2021		June 27, 2020		June 26, 2021		June 27, 2020
	(in thousands)				(in thousands)
Amounts included in advertising, promotional and selling expenses	$	1,268	$	1,147	$	2,940	$	1,852
Amounts included in general and administrative expenses		4,066		3,390		7,351		5,251
Total stock-based compensation expense	$	5,334	$	4,537	$	10,291	$	7,103

Related Party Transactions

6 Months Ended

Jun. 26, 2021

Related Party Transactions

O.Related Party Transactions

In connection with the Dogfish Head Transaction, the Company entered a lease with the Dogfish Head founders and other owners of buildings used in certain of the Company’s 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 party expense recognized for the thirteen and twenty-six weeks ended June 26, 2021 related to the lease was approximately $91,000 and $182,000, respectively. Additionally, during the thirteen weeks ended and twenty-six weeks ended, June 26, 2021, the Company incurred expenses of less than $25,000 and $50,000, respectively, to various other suppliers affiliated with the Dogfish Head founders.

Subsequent Events

6 Months Ended

Jun. 26, 2021

Subsequent Events [Abstract]

Subsequent Events

P.Subsequent Events

The Company evaluated subsequent events occurring after the balance sheet date and concluded that there were no events of which management was aware that occurred after the balance sheet date that would require any adjustment to or disclosure in the accompanying condensed consolidated financial statements.

Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 26, 2021

Goodwill And Intangible Assets Disclosure [Abstract]

Schedule of intangible assets

The Company’s intangible assets as of June 26, 2021 and December 26, 2020 were as follows:

			As of June 26, 2021							As of December 26, 2020
	Estimated Useful		Gross Carrying		Accumulated			Net Book		Gross Carrying		Accumulated			Net Book
	Life (Years)		Value		Amortization			Value		Value		Amortization			Value
								(in thousands)
Customer Relationships		15	$	3,800	$	(506	)	$	3,294	$	3,800	$	(380	)	$	3,420
Trade Names	Indefinite			100,510		—			100,510		100,510		—			100,510
Total intangible assets			$	104,310	$	(506	)	$	103,804	$	104,310	$	(380	)	$	103,930

Schedule of amortization expense

The Company expects to record amortization expense as follows over the remaining current year and the five subsequent years:

Fiscal Year	Amount (in thousands)
Remainder of 2021	$	127
2022		253
2023		253
2024		253
2025		253
2026		253

Inventories (Tables)

6 Months Ended

Jun. 26, 2021

Inventory Disclosure [Abstract]

Components of Inventories

Inventories consist of the following

	June 26, 2021		December 26, 2020
	(in thousands)
Current inventory:
Raw materials	$	106,365	$	69,272
Work in process		18,848		16,846
Finished goods		122,337		44,792
Total current inventory		247,550		130,910
Long term inventory		13,674		9,639
Total inventory	$	261,224	$	140,549

Third-Party Production Prepayments (Tables)

6 Months Ended

Jun. 26, 2021

Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]

Schedule of Third-Party Production Prepayments

As of June 26, 2021, and December 26, 2020 total third-party production prepayments were as follows:

	June 26, 2021		December 26, 2020
	(in thousands)
Prepaid expenses and other current assets	$	-	$	14,816
Third-party production prepayments		88,683		56,843
Total third-party production prepayments	$	88,683	$	71,659

Net Income per Share (Tables)

6 Months Ended

Jun. 26, 2021

Earnings Per Share [Abstract]

Computation of Earnings Per Share, Basic

The following table sets forth the computation of basic net income per share using the two-class method:

	Thirteen weeks ended				Twenty-six weeks ended
	June 26, 2021		June 27, 2020		June 26, 2021		June 27, 2020
	(in thousands, except per share data)				(in thousands, except per share data)
Net income	$	59,195	$	60,141	$	124,760	$	78,375
Allocation of net income for basic:
Class A Common Stock	$	48,710	$	47,930	$	102,354	$	61,612
Class B Common Stock		10,268		11,836		21,893		16,237
Unvested participating shares		217		375		513		526
	$	59,195	$	60,141	$	124,760	$	78,375
Weighted average number of shares for basic:
Class A Common Stock		10,108		9,720		10,072		9,572
Class B Common Stock*		2,131		2,400		2,155		2,523
Unvested participating shares		44		76		50		82
		12,283		12,196		12,277		12,177
Net income per share for basic:
Class A Common Stock	$	4.82	$	4.93		10.16	$	6.44
Class B Common Stock	$	4.82	$	4.93	$	10.16	$	6.44

Computation of Earnings Per Share, Diluted

	Thirteen weeks ended
	June 26, 2021						June 27, 2020
	Earnings to Common Shareholders		Common Shares		EPS		Earnings to Common Shareholders		Common Shares		EPS
	(in thousands, except per share data)
As reported - basic	$	48,710		10,108	$	4.82	$	47,930		9,720	$	4.93
Add: effect of dilutive potential common shares
Share-based awards		—		160				—		138
Class B Common Stock		10,268		2,131				11,836		2,400
Net effect of unvested participating shares		217		66				4		—
Net income per common share - diluted	$	59,195		12,465	$	4.75	$	59,770		12,258	$	4.88


	Twenty-six weeks ended
	June 26, 2021						June 27, 2020
	Earnings to Common Shareholders		Common Shares		EPS		Earnings to Common Shareholders		Common Shares		EPS
	(in thousands, except per share data)
As reported - basic	$	102,354		10,072	$	10.16	$	61,612		9,572	$	6.44
Add: effect of dilutive potential common shares
Share-based awards		—		161				—		126
Class B Common Stock		21,893		2,155				16,237		2,523
Net effect of unvested participating shares	513			73				5		—
Net income per common share - diluted	$	124,760		12,461	$	10.01	$	77,854		12,221	$	6.37

Commitments and Contingencies (Tables)

6 Months Ended

Jun. 26, 2021

Commitments And Contingencies Disclosure [Abstract]

Non-cancelable Contractual Obligations

As of June 26, 2021, projected cash outflows under non-cancelable contractual obligations are as follows:

	Commitments
	(in thousands)
Ingredients (excluding hops and malt)	$	129,706
Brand support		103,865
Equipment and machinery		78,513
Hops and malt		52,471
Other		16,935
Total commitments	$	381,490

Income Taxes (Tables)

6 Months Ended

Jun. 26, 2021

Income Tax Disclosure [Abstract]

Significant Components of Provisions for Income Taxes

The following table provides a summary of the income tax provision for the thirteen and twenty-six weeks ended June 26, 2021 and June 27, 2020:

	Thirteen weeks ended
	June 26, 2021			June 27, 2020
	(in thousands)
Summary of income tax provision
Tax provision based on net income	$	21,315		$	20,699
Benefit of ASU 2016-09		(426	)		(2,335	)
Total income tax provision	$	20,889		$	18,364

	Twenty-six weeks ended
	June 26, 2021			June 27, 2020
	(in thousands)
Summary of income tax provision
Tax provision based on net income	$	40,927		$	25,704
Benefit of ASU 2016-09		(9,040	)		(4,339	)
Total income tax provision	$	31,887		$	21,365

Common Stock and Stock-Based Compensation (Tables)

6 Months Ended

Jun. 26, 2021

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Summary of Stock Options under Employee Equity Incentive Plan and Stock Option Plan for Non-Employee Directors

Information related to stock options under the Restated Employee Equity Incentive Plan and the Stock Option Plan for Non-Employee Directors is summarized as follows:

	Shares			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term in Years		Aggregate Intrinsic Value (in thousands)
Outstanding at December 26, 2020		241,847		$	228.58
Granted		20,420			1,031.01
Forfeited		-			-
Expired		-			-
Exercised		(32,835	)		197.25
Outstanding at June 26, 2021		229,432		$	304.49		5.93	$	167,692
Exercisable at June 26, 2021		81,317		$	228.58		5.07	$	65,631
Vested and expected to vest at June 26, 2021		210,177		$	300.67		5.89	$	154,424

Weighted Average Assumptions used to Estimate Fair Value of Stock Options

Weighted average assumptions used to estimate fair values of stock options on the date of grants are as follows:

Non-Vested Shares Activity

	2021
Expected Volatility		36.1	%
Risk-free interest rate		1.5	%
Expected Dividends		0.0	%
Exercise factor	2.6 times
Discount for post-vesting restrictions		0.0	%

Summary of Vesting Activities of Shares Issued Under Investment Share Program and Restricted Stock Awards

The following table summarizes vesting activities of shares issued under the investment share program and restricted stock awards:

	Number of Shares			Weighted Average Fair Value
Non-vested at December 26, 2020		114,316		$	263.47
Granted		17,632			880.81
Vested		(41,923	)		227.42
Forfeited		(445	)		291.63
Non-vested at June 26, 2021		89,580		$	402.53

Stock-Based Compensation Expense Included in Operating Expenses

The following table provides information regarding stock-based compensation expense included in operating expenses in the accompanying condensed consolidated statements of comprehensive income:

	Thirteen weeks ended				Twenty-six weeks ended
	June 26, 2021		June 27, 2020		June 26, 2021		June 27, 2020
	(in thousands)				(in thousands)
Amounts included in advertising, promotional and selling expenses	$	1,268	$	1,147	$	2,940	$	1,852
Amounts included in general and administrative expenses		4,066		3,390		7,351		5,251
Total stock-based compensation expense	$	5,334	$	4,537	$	10,291	$	7,103

COVID-19 Pandemic - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 26, 2021	Jun. 27, 2020	Mar. 28, 2020	Jun. 26, 2021	Jun. 27, 2020
Reductions in net revenue and increases in other costs
Net effect of COVID-19 on revenue, cost of goods sold and operating expense	$ 80,105	$ 78,769		$ 156,703	$ 100,301
Cost of goods sold	327,116	242,514		622,566	425,106
Operating expenses	$ 195,584	130,855		$ 368,616	257,296
COVID-19 Pandemic [Member]
Reductions in net revenue and increases in other costs
Net effect of COVID-19 on revenue, cost of goods sold and operating expense		$ 4,100	$ 10,000		14,100
Reduction in net revenue					5,800
Other direct costs					8,300
Cost of goods sold					5,600
Operating expenses					$ 2,700

Goodwill and Intangible Assets - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 26, 2021	Jun. 27, 2020	Jun. 26, 2021	Jun. 27, 2020	Dec. 28, 2019
Goodwill, period increase (Decrease)	$ 0	$ 0	$ 0	$ 0
Intangible assets amortization	$ 63,000		$ 127,000
Trade Names \| Dogfish Head Brewery
Brand					$ 98,500,000
Customer Relationships
Estimated fair value					$ 3,800,000
Useful life of finite lived intangibles			15 years

Goodwill and Intangible Assets - Schedule of Intangible Assets (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 26, 2021	Dec. 26, 2020
Gross Carrying Value	$ 104,310	$ 104,310
Accumulated Amortization	(506)	(380)
Net Book Value	$ 103,804	103,930
Customer Relationships
Estimated Useful Life	15 years
Gross Carrying Value	$ 3,800	3,800
Accumulated Amortization	(506)	(380)
Net Book Value	3,294	3,420
Trade Names
Gross Carrying Value	100,510	100,510
Net Book Value	$ 100,510	$ 100,510

Goodwill and Intangible Assets - Schedule of Amortization Expense (Detail) $ in Thousands	Jun. 26, 2021 USD ($)
Goodwill And Intangible Assets Disclosure [Abstract]
Remainder of 2021	$ 127
2022	253
2023	253
2024	253
2025	253
2026	$ 253

Recent Accounting Pronouncements - Additional Information (Detail) - USD ($) $ in Thousands	Jun. 26, 2021	Mar. 27, 2021	Dec. 26, 2020
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Adoption of accounting standards, adjustment to retained earnings	$ 482,066		$ 357,360
Cumulative Effect, Period of Adoption, Adjustment \| ASU 2019-12
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Adoption of accounting standards, adjustment to retained earnings		$ 100

Revenue Recognition - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 26, 2021	Jun. 27, 2020	Jun. 26, 2021	Jun. 27, 2020	Dec. 26, 2020
Disaggregation Of Revenue [Line Items]
Sales to domestic distributors as a percentage of total sales	95.00%	95.00%	95.00%	95.00%
Sales to foreign distributors as a percentage of total sales	4.00%	4.00%	4.00%	4.00%
Sales to retail locations as a percentage of total sales	1.00%	1.00%	1.00%	1.00%
Deferred Revenue, Current	$ 17,700		$ 17,700		$ 13,900
Reimbursements for discounts to distributors	18,400	$ 20,400	41,800	$ 28,600
Advertising, promotional and selling expenses	161,620	100,336	302,479	198,227
Distributors
Disaggregation Of Revenue [Line Items]
Reduction in revenue related to advertising, promotional and selling expenses	10,900	4,800	20,100	9,000
Customers programs and incentives
Disaggregation Of Revenue [Line Items]
Advertising, promotional and selling expenses	$ 13,200	$ 5,000	$ 23,300	$ 9,500

Inventories - Components of Inventories (Detail) - USD ($) $ in Thousands	Jun. 26, 2021	Dec. 26, 2020
Current inventory:
Raw materials	$ 106,365	$ 69,272
Work in process	18,848	16,846
Finished goods	122,337	44,792
Total current inventory	247,550	130,910
Long term inventory	13,674	9,639
Total inventory	$ 261,224	$ 140,549

Third-Party Production Prepayments (Detail) - USD ($) $ in Thousands		3 Months Ended	6 Months Ended
	Mar. 27, 2021	Jun. 26, 2021	Jun. 26, 2021	Dec. 26, 2020
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]
Percentage of brews and packages			54.00%
Total third-party production prepayments		$ 88,683	$ 88,683	$ 56,843
Reclassification of third-party prepayments from current assets to non-current assets	$ 14,800
Payments for capital improvements			10,000
Additional payment for accessing facility			17,900
Adjusted volume plans shortfall fees		$ 600
Contractual shortfall fees			$ 63,400

Third- Party Production Prepayments - Schedule of Third-Party Production Prepayments (Detail) - USD ($) $ in Thousands	Jun. 26, 2021	Dec. 26, 2020
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]
Prepaid expenses and other current assets		$ 14,816
Third-party production prepayments	$ 88,683	56,843
Total third-party production prepayments	$ 88,683	$ 71,659

Net Income per Share - Additional Information (Detail) - shares					3 Months Ended		6 Months Ended
	Mar. 01, 2021	Mar. 01, 2020	Mar. 01, 2019	Jan. 01, 2019	Jun. 26, 2021	Jun. 27, 2020	Jun. 26, 2021	Jun. 27, 2020
Common Class A
Earnings Per Share Note [Line Items]
Antidilutive securities excluded from computation of earnings per share					20,000	23,000	13,000	16,000
Investment Share Program
Earnings Per Share Note [Line Items]
Vesting period							5 years
Investment Share Program \| Minimum
Earnings Per Share Note [Line Items]
Requirement tenure of employee for investment share program, purchase shares at discount							1 year
Discount from current market value							20.00%
Investment Share Program \| Maximum
Earnings Per Share Note [Line Items]
Requirement tenure of employee for investment share program, purchase shares at discount							2 years
Discount from current market value							40.00%
Restricted Stock Awards
Earnings Per Share Note [Line Items]
Vesting period	4 years	4 years	4 years	5 years
Performance Based Awards \| Common Class A
Earnings Per Share Note [Line Items]
Number of shares not included because the performance criteria was not expected to be met							1,000

Net Income per Share - Computation of Earnings Per Share, Basic (Detail) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands

3 Months Ended

6 Months Ended

Jun. 26, 2021

Mar. 27, 2021

Jun. 27, 2020

Mar. 28, 2020

Jun. 26, 2021

Jun. 27, 2020

Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]

Net income

$ 59,195

$ 65,565

$ 60,141

$ 18,234

$ 124,760

$ 78,375

Allocation of net income for basic:

Allocation of net income for basic common stock

$ 59,195

$ 60,141

$ 124,760

$ 78,375

Weighted average number of shares for basic:

Weighted-average number of common shares — basic

12,283

12,196

12,277

12,177

Net income per share for basic:

Net income per common share - basic

$ 4.82

$ 4.93

$ 10.16

$ 6.44

Common Class A

Allocation of net income for basic:

Allocation of net income for basic common stock

$ 48,710

$ 47,930

$ 102,354

$ 61,612

Weighted average number of shares for basic:

Weighted-average number of common shares — basic

10,108

9,720

10,072

9,572

Net income per share for basic:

Net income per common share - basic

$ 4.82

$ 4.93

$ 10.16

$ 6.44

Common Class B

Allocation of net income for basic:

Allocation of net income for basic common stock

$ 10,268

$ 11,836

$ 21,893

$ 16,237

Weighted average number of shares for basic:

Weighted-average number of common shares — basic

^[1]

2,131

2,400

2,155

2,523

Net income per share for basic:

Net income per common share - basic

$ 4.82

$ 4.93

$ 10.16

$ 6.44

Unvested participating shares

Allocation of net income for basic:

Allocation of net income for basic unvested participating shares

$ 217

$ 375

$ 513

$ 526

Weighted average number of shares for basic:

Weighted-average number of common shares — basic

[1]	Change in Class B Common Stock resulted from the conversion of 130,000 shares to Class A Common Stock on November 3, 2020 and 99,983 shares to Class A Common Stock on May 14, 2021 with the ending number of shares reflecting the weighted average for the period.

Net Income per Share - Computation of Earnings Per Share, Basic (Parenthetical) (Detail) - shares	May 14, 2021	Nov. 03, 2020
Earnings Per Share [Abstract]
Conversion of Class B Common Stock into Class A Common Stock	99,983	130,000

Net Income per Share - Computation of Diluted Net Income Per Share (Detail) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands

3 Months Ended

6 Months Ended

Jun. 26, 2021

Jun. 27, 2020

Jun. 26, 2021

Jun. 27, 2020

Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]

Earnings to Common Shareholders, As reported - basic

$ 59,195

$ 60,141

$ 124,760

$ 78,375

Weighted-average number of common shares — basic

12,283

12,196

12,277

12,177

EPS, As reported - basic

$ 4.82

$ 4.93

$ 10.16

$ 6.44

Add: effect of dilutive potential common shares Share-based awards

160

138

161

126

Earnings to Common Shareholders, Net effect of unvested participating shares

$ 217

$ 4

$ 513

$ 5

Common Shares, Net effect of unvested participating shares

Earnings to Common Shareholders, Net income per common share — diluted

$ 59,195

$ 59,770

$ 124,760

$ 77,854

Common Shares, Net income per common share — diluted

12,465

12,258

12,461

12,221

EPS, Net income per common share — diluted

$ 4.75

$ 4.88

$ 10.01

$ 6.37

Common Class A

Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]

Earnings to Common Shareholders, As reported - basic

$ 48,710

$ 47,930

$ 102,354

$ 61,612

Weighted-average number of common shares — basic

10,108

9,720

10,072

9,572

EPS, As reported - basic

$ 4.82

$ 4.93

$ 10.16

$ 6.44

Common Class B

Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]

Earnings to Common Shareholders, As reported - basic

$ 10,268

$ 11,836

$ 21,893

$ 16,237

Weighted-average number of common shares — basic

^[1]

2,131

2,400

2,155

2,523

EPS, As reported - basic

$ 4.82

$ 4.93

$ 10.16

$ 6.44

Earnings to Common Shareholders, Class B Common Stock

$ 21,893

$ 16,237

Class B Common Stock

2,155

2,523

[1]	Change in Class B Common Stock resulted from the conversion of 130,000 shares to Class A Common Stock on November 3, 2020 and 99,983 shares to Class A Common Stock on May 14, 2021 with the ending number of shares reflecting the weighted average for the period.

Commitments and Contingencies - Summary of Non-cancelable Contractual Obligations (Detail) $ in Thousands	Jun. 26, 2021 USD ($)
Long-term Purchase Commitment [Line Items]
Commitments	$ 381,490
Equipment and machinery
Long-term Purchase Commitment [Line Items]
Commitments	78,513
Ingredients (excluding hops and malt)
Long-term Purchase Commitment [Line Items]
Commitments	129,706
Brand Support
Long-term Purchase Commitment [Line Items]
Commitments	103,865
Hops and Malt
Long-term Purchase Commitment [Line Items]
Commitments	52,471
Other
Long-term Purchase Commitment [Line Items]
Commitments	$ 16,935

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 26, 2021	Jun. 27, 2020	Jun. 26, 2021	Jun. 27, 2020	Dec. 26, 2020
Income Taxes [Line Items]
Unrecognized income tax benefits	$ 800		$ 800		$ 800
Accrued interest and penalties	200		200		$ 200
Tax benefit of improvements to employee share-based payment	426	$ 2,335	9,040	$ 4,339
Increase decrease in tax benefit during period from share based compensation arrangement	(1,900)		4,700
ASU 2016-09
Income Taxes [Line Items]
Tax benefit of improvements to employee share-based payment	$ 400	$ 2,300	$ 9,000	$ 4,300
Effective Income Tax Rate Reconciliation, Percent, Total	26.60%	26.40%	26.10%	25.80%
State and Local Jurisdiction
Income Taxes [Line Items]
Income tax return examination			The Internal Revenue Service completed an examination of the 2015 consolidated corporate income tax return and issued a no change report in 2018. The Company’s state income tax returns remain subject to examination for three or four years depending on the state’s statute of limitations.
State and Local Jurisdiction \| Minimum
Income Taxes [Line Items]
Income tax return examination period			3 years
State and Local Jurisdiction \| Maximum
Income Taxes [Line Items]
Income tax return examination period			4 years

Income Taxes - Summary of Income Tax Provision (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 26, 2021	Jun. 27, 2020	Jun. 26, 2021	Jun. 27, 2020
Summary of income tax provision
Tax provision based on net income	$ 21,315	$ 20,699	$ 40,927	$ 25,704
Benefit of ASU 2016-09	(426)	(2,335)	(9,040)	(4,339)
Total income tax provision	$ 20,889	$ 18,364	$ 31,887	$ 21,365

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

Revolving Line of Credit - Additional Information (Detail) - Revolving Credit Facility - USD ($) $ in Millions	1 Months Ended
	Mar. 31, 2018	Jun. 26, 2021
Debt Instrument [Line Items]
Line of credit, current borrowing capacity	$ 150.0	$ 150.0
Line of credit, expiration date	Mar. 31, 2023

Fair Value Measures - Additional Information (Detail) - USD ($) $ in Thousands	Jun. 26, 2021	Dec. 26, 2020
Fair Value Disclosures [Abstract]
Cash and cash equivalents	$ 102,953	$ 163,282
Money market fund	$ 100,700	$ 157,600

Common Stock and Stock-Based Compensation - Summary of Stock Options under Employee Equity Incentive Plan and Stock Option Plan for Non-Employee Directors (Detail) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 26, 2021
Shares
Outstanding at beginning of period	241,847
Granted	20,420
Exercised	(32,835)
Outstanding at end of period	229,432
Exercisable at end of period	81,317
Vested and expected to vest at end of period	210,177
Weighted-Average Exercise Price
Outstanding at beginning of period	$ 228.58
Granted	1,031.01
Exercised	197.25
Outstanding at end of period	304.49
Exercisable at end of period	228.58
Vested and expected to vest at end of period	$ 300.67
Weighted-Average Remaining Contractual Term
Outstanding at end of period	5 years 11 months 4 days
Exercisable at end of period	5 years 25 days
Vested and expected to vest at end of period	5 years 10 months 20 days
Aggregate Intrinsic Value
Outstanding at end of period	$ 167,692
Exercisable at end of period	65,631
Vested and expected to vest at end of period	$ 154,424

Common Stock and Stock-Based Compensation - Additional Information (Detail) - $ / shares						6 Months Ended
	May 19, 2021	Mar. 01, 2021	Mar. 01, 2020	Mar. 01, 2019	Jan. 01, 2019	Jun. 26, 2021	Dec. 26, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option outstanding						229,432	241,847
Other than options granted in period						17,632
Weighted average fair value of stock awards						$ 880.81
Non-Employee Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted in period	1,422
Options granted in period - weighted average fair value	$ 484.33
Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Other than options granted in period		7,817
Vesting period		4 years	4 years	4 years	5 years
Weighted average fair value of stock awards		$ 1,028.71
Restricted Stock Awards \| Chief Executive Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Other than options granted in period			4,861
Vesting period			5 years
Performance Based Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option outstanding						23,019
Total shares outstanding						2,696
Performance Based Awards \| Employee Stock Compensation Plan \| Senior Management
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted in period		8,063
Options granted in period - weighted average fair value		$ 449.93
Service-Based Stock Options \| Employee Stock Compensation Plan \| Chief Executive Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted in period		10,935
Options granted in period - weighted average fair value		$ 457.25
Investment Share Program \| Employee Stock Compensation Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares employees elected to purchase		4,954
Weighted average fair value of stock awards		$ 502.32

Common Stock and Stock-Based Compensation - Summary Of Weighted Average Assumptions used to Estimate Fair Value of Stock Options (Detail)	6 Months Ended
	Jun. 26, 2021 Time
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Expected Volatility	36.10%
Risk-free interest rate	1.50%
Expected Dividends	0.00%
Exercise factor	2.6
Discount for post-vesting restrictions	0.00%

Common Stock and Stock-Based Compensation - Summary of Vesting Activities of Shares Issued Under Investment Share Program and Restricted Stock Awards (Detail)	6 Months Ended
	Jun. 26, 2021 $ / shares shares
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Non-vested at beginning of period \| shares	114,316
Granted \| shares	17,632
Vested \| shares	(41,923)
Forfeited \| shares	(445)
Non-vested at end of period \| shares	89,580
Non-vested at beginning of period \| $ / shares	$ 263.47
Granted \| $ / shares	880.81
Vested \| $ / shares	227.42
Forfeited \| $ / shares	291.63
Non-vested at end of period \| $ / shares	$ 402.53

Common Stock and Stock-Based Compensation - Stock-Based Compensation Expense Included in Operating Expenses (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 26, 2021	Jun. 27, 2020	Jun. 26, 2021	Jun. 27, 2020
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	$ 5,334	$ 4,537	$ 10,291	$ 7,103
Advertising, promotional and selling expenses
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	1,268	1,147	2,940	1,852
General and administrative expenses
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	$ 4,066	$ 3,390	$ 7,351	$ 5,251

Related Party Transactions - Additional Information (Detail) - Dogfish Head Brewery	3 Months Ended	6 Months Ended
	Jun. 26, 2021 USD ($)	Jun. 26, 2021 USD ($)
Related Party Transaction [Line Items]
Lease term of contract	10 years	10 years
Total payments due	$ 3,600,000	$ 3,600,000
Related party expense	91,000	182,000
Transaction with related party expenses	$ 25,000	$ 50,000