0000950170-24-021189 | 10-K | XBRL Viewer

Summary of Significant Accounting Policies

B. Summary of Significant Accounting Policies

Fiscal Year

The Company’s fiscal year is a fifty-two or fifty-three-week period ending on the last Saturday in December. The 2023 and 2021 fiscal years consisted of fifty-two weeks, while the 2022 fiscal year was fifty-three weeks.

Principles of Consolidation

The accompanying consolidated financial statements include the accounts of the Company and its subsidiaries, all of which are wholly-owned. All intercompany transactions and balances have been eliminated in consolidation.

Use of Estimates

The preparation of condensed consolidated financial statements in conformity with United States generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities during the reporting periods, the reported amounts of revenue and expenses during the reporting periods and the disclosure of contingent assets and liabilities at the date of the financial statements. On an ongoing basis, the Company bases estimates and assumptions on historical experience, currently available information, and various other factors that management believes to be reasonable under the circumstances. Actual results may differ materially from these estimates and assumptions. The accounting policies which the Company believes involve the most significant application of judgment or involve complex estimations are inventories and associated reserves, revenue reserves, assumptions surrounding the recoverability of long-lived assets, and income taxes.

Cash and Cash Equivalents

Cash and cash equivalents at December 30, 2023 and December 31, 2022 included cash on-hand and money market instruments that are highly liquid investments. Cash and cash equivalents are carried at cost, which approximates fair value.

Accounts Receivable and Allowance for Credit Losses

The Company’s accounts receivable primarily consist of trade receivables. The Company records an allowance for credit losses that is based on historical trends, customer knowledge, any known disputes, and the aging of the accounts receivable balances combined with management’s estimate of future potential recoverability. Receivables are written off against the allowance after all attempts to collect a receivable have failed. The Company believes its allowances for credit losses as of December 30, 2023 and December 31, 2022 are adequate, but actual losses could exceed the recorded allowance.

Concentrations of Credit Risk

Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash equivalents, restricted cash, and trade receivables. The Company places its cash equivalents with high credit quality financial institutions. As of December 30, 2023, the Company’s cash and cash equivalents were primarily invested in a “Triple A” rated money market fund.

The Company sells primarily to a network of independent wholesalers in the United States and to a network of foreign wholesalers, importers or other agencies (collectively referred to as “Distributors”). In 2023, 2022, and 2021, sales to foreign

Distributors were approximately 4% of total sales. Receivables arising from the Company's sales are not collateralized; however, credit risk is minimized as a result of the large and diverse nature of the Company’s customer base. There were no individual customer accounts receivable balances outstanding at December 30, 2023 or December 31, 2022 that were in excess of 10% of the gross accounts receivable balance on those dates. No individual customers represented more than 10% of the Company’s revenues in fiscal years 2023, 2022, or 2021.

Financial Instruments and Fair Value of Financial Instruments

The Company’s primary financial instruments at December 30, 2023 and December 31, 2022 consisted of cash equivalents, restricted cash, accounts receivable, and accounts payable. The Company determines the fair value of its financial assets and liabilities in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 820, Fair Value Measurements and Disclosures (“ASC 820”). The Company believes that the carrying amount of its cash equivalents, restricted cash, accounts receivable, and accounts payable approximates fair value due to the short-term nature of these assets and liabilities. The Company is not exposed to significant interest, currency or credit risks arising from these financial assets and liabilities.

Inventories and Provision for Excess or Expired Inventory

Inventories consist of raw materials and packaging materials, work in process and finished goods. Raw materials, which principally consist of flavorings, hops, malt, fruit juices, other brewing materials and packaging, are stated at the lower of cost (first-in, first-out basis) or net realizable value. The Company’s goal is to maintain on-hand a supply of approximately two years 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. Packaging design costs are expensed as incurred. The Company enters into multi-year purchase commitments in order to secure adequate supply of ingredients and packaging, to brew and package its products.

The provisions for excess or expired inventory are based on management’s estimates of forecasted usage of inventories on hand. Forecasting usage involves significant judgments regarding future demand for the Company’s various existing products and products under development as well as the potency and shelf-life of various raw material ingredients and finished goods. A significant change in the timing or level of demand for certain products as compared to forecasted amounts may result in recording additional provisions for excess or expired inventory in the future. Provision for excess or expired inventory included in cost of goods sold was $19.3 million, $35.9 million, and $62.6 million in fiscal years 2023, 2022, and 2021 respectively.

Property, Plant and Equipment

Property, plant, and equipment are stated at cost or fair value as of the date of acquisition. Expenditures for repairs and maintenance are expensed as incurred. Major renewals and betterments that extend the life of the property are capitalized. Depreciation is computed using the straight-line method based upon the estimated useful lives of the underlying assets as follows:


Kegs	5 years

Computer software and equipment	2 to 5 years

Office equipment and furniture	3 to 7 years

Machinery and plant equipment	3 to 20 years

Leasehold improvements	Lesser of the remaining term of the lease or estimated useful life of the asset

Building and building improvements	12 to 20 years, or the remaining useful life of the building, whichever is shorter

For purposes of determining whether there are any impairment losses on brewery assets, as further discussed below, management has historically examined the carrying value of the Company’s identifiable long-lived assets, including their useful lives, semi-annually, or more frequently when indicators of impairment are present. Evaluations of whether indicators of impairment exist involve judgments regarding the current and future business environment and the length of time the Company intends to use the asset. If an impairment loss is identified based on the fair value of the asset, as compared to the carrying value of the asset, such loss would be charged to expense in the period the impairment is identified. Furthermore, if the review of the carrying values of the long-lived assets indicates impairment of such assets, the Company may determine that shorter estimated useful lives are more appropriate. In that event, the Company will be required to record additional depreciation in future periods, which will reduce earnings. Estimating the amount of impairment, if any, requires significant judgments including identification of potential impairments, market comparison to similar assets, estimated cash flows to be generated by the asset, discount rates, the remaining useful life of the asset, and the usefulness of the asset in consideration of future business plans. Impairment of brewery assets classified as property, plant, and equipment included in operating expenses was $5.0 million, $2.6 million and $18.5 million in fiscal years 2023, 2022, and 2021, respectively.

Factors generally considered important which could trigger an impairment review on the carrying value of long-lived assets include the following: (1) significant underperformance relative to historical or projected future operating results; (2) significant changes in the manner of use of acquired assets or the strategy for the Company’s overall business; (3) underutilization of assets; and (4) discontinuance of products by the Company or its customers.

Segment Reporting

The Company consists of one operating 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.

Goodwill and Intangible Assets

The Company has recorded intangible assets with indefinite lives and goodwill for which impairment testing is required at least annually or more frequently if events or circumstances indicate that these assets might be impaired. The Company performs its annual impairment tests and re-evaluates the useful lives of other intangible assets with indefinite lives at the annual impairment test measurement date in the third quarter of each fiscal year or when circumstances arise that indicate a possible impairment or change in useful life might exist.

The Company’s annual goodwill impairment evaluation analysis conducted at the end of fiscal August indicated that the fair value of the Company’s goodwill was substantially greater than the carrying value and accordingly there was no impairment to record during fiscal 2023. The guidance for goodwill impairment testing allows an entity to assess qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that the estimated fair value of a reporting unit, of which the Company has one, is less than its carrying amount or to proceed directly to performing a quantitative impairment test. Under the quantitative assessment, the estimated fair value of the Company’s

reporting unit is compared to its carrying value, including goodwill. The estimate of fair value of the Company’s reporting unit is generally calculated based on an income approach using the discounted cash flow method supplemented by the market approach which considers the Company’s market capitalization and enterprise value. If the estimated fair value of the Company’s reporting unit is less than the carrying value of its reporting unit, a goodwill impairment will be recognized. In estimating the fair value of the Company’s reporting unit, management must make assumptions and projections regarding such items as future cash flows, future revenues, future earnings, cost of capital, and other factors. The assumptions used in the estimate of fair value are based on historical trends and the projections and assumptions that are used in the latest operating plans. These assumptions reflect management’s estimates of future economic and competitive conditions and are, therefore, subject to change as a result of changing market conditions. If these estimates or their related assumptions change in the future, the Company may be required to recognize an impairment loss for the Company’s goodwill which could have a material adverse impact on the Company’s financial statements.

The Company’s intangible assets consist primarily of a trademark and customer relationships obtained through the Company’s Dogfish Head acquisition. Customer relationships are amortized over their estimated useful lives. The Dogfish Head trademark which was determined to have an indefinite useful life is not amortized. The guidance for indefinite lived intangible asset impairment testing allows an entity to assess qualitative factors to determine whether the existence of events or circumstances indicates that it is more likely than not that the indefinite lived intangible asset is impaired or to proceed directly to performing the quantitative impairment test. Under the quantitative assessment, the trademark is evaluated for impairment by comparing the carrying value of the trademark to its estimated fair value. The estimated fair value of the trademark is calculated based on an income approach using the relief from royalty method. If the estimated fair value is less than the carrying value of the trademark, then an impairment charge is recognized to reduce the carrying value of the trademark to its estimated fair value.

Significant judgment is required to estimate the fair value the Dogfish Head trademark. Accordingly, the Company obtains the assistance of third-party valuation specialists as part of the impairment evaluation. In estimating the fair value of the trademark, management must make assumptions and projections regarding future cash flows based upon future revenues, the market-based royalty rate, the discount rate, the tax rate and other factors. These assumptions reflect management’s estimates of future economic and competitive conditions and consider many factors including macroeconomic conditions, industry growth rates, and competitive activities. The assumptions and projections used in the estimate of fair value are consistent with those used in current operating plans and the Company believes they are reasonable.

Refundable Deposits on Kegs and Pallets

The Company distributes its packaged flavored malt beverages, hard seltzers, beers, and hard ciders primarily in cans and glass bottles and its draft beer in kegs and such cans, bottles, and kegs are shipped on pallets to Distributors. Most kegs and pallets are owned by the Company. Kegs are reflected in the Company’s balance sheets at cost and are depreciated over the estimated useful life of the keg, while pallets are expensed upon purchase. Upon shipment of beer to Distributors, the Company collects a refundable deposit on the kegs and certain pallets, which is included in current liabilities in the Company’s balance sheets. Upon return of the kegs and pallets to the Company, the deposit is refunded to the Distributor.

The Company has experienced some loss of kegs and pallets and anticipates that some loss will occur in future periods due to the significant volume of kegs and pallets handled by each Distributor and retailer, the homogeneous nature of kegs and pallets owned by most brewers, and the relatively small deposit collected for each keg when compared with its market value. The Company believes that this is an industry-wide issue and that the Company’s loss experience is not atypical. The Company believes that the loss of kegs and pallets, after considering the forfeiture of related deposits, has not been material to the financial statements. The Company uses internal records, records maintained by Distributors, records maintained by other third-party vendors and historical information to estimate the physical count of kegs and pallets held by Distributors. These estimates affect the amount recorded as property, plant and equipment and current liabilities as of the date of the financial statements. The actual liability for refundable deposits could differ from these estimates. For the year ended December 30, 2023, the Company decreased its liability for refundable deposits by $0.7 million. For the year ended December 31, 2022, the Company decreased its liability for refundable deposits, gross property, plant, and equipment and related accumulated depreciation by $0.4 million, $1.0 million and $1.0 million, respectively. As of December 30, 2023, and December 31 2022, the Company’s balance sheet includes $13.3 million and $13.0 million, respectively, in refundable deposits on kegs and pallets and $0.7 million and $1.0 million, respectively, in kegs, net of accumulated depreciation.

Income Taxes

The Company provides for deferred taxes using an asset and liability approach that requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been recognized in the Company’s

consolidated financial statements or tax returns. This results in differences between the book and tax basis of the Company’s assets, liabilities and carry-forwards, such as tax credits. In estimating future tax consequences, all expected future events, other than enactment of changes in the tax laws or rates, are generally considered. Valuation allowances are provided when recovery of deferred tax assets does not meet the more likely than not standards as defined in ASC Topic 740, Income Taxes.

The calculation of the Company’s uncertain tax positions involves dealing with uncertainties in the application of tax regulations in several different state tax jurisdictions. The Company is periodically reviewed by tax authorities regarding the amount of taxes due. These reviews include inquiries regarding the timing and amount of deductions and the allocation of income among various tax jurisdictions. The Company records estimated reserves for exposures associated with positions that it takes on its income tax returns that do not meet the more likely than not standards as defined in ASC Topic 740, Income Taxes.

The Organization for Economic Co-operation and Development/G20 Inclusive Framework on Base Erosion and Profit Shifting has introduced rules to establish a global minimum tax rate of 15%, commonly referred to as the Pillar Two rules. Numerous foreign countries have enacted legislation to implement the Pillar Two rules, effective beginning in 2024, or are expected to enact similar legislation. The Company is currently evaluating the potential impacts that Pillar Two may have on future periods and will continue to monitor the implementation of the Pillar Two rules in the jurisdictions in which it operates.

Revenue Recognition and Classification of Customer Programs and Incentives

During fiscal years 2023, 2022, and 2021 approximately 94%, 95%, and 95%, respectively, of the Company’s revenue was from shipments of its products to domestic Distributors and 4% from shipments to international Distributors, primarily located in Canada. Approximately 2%, 1%, and 1% of the Company’s revenue was from retail beer, cider, food and merchandise sales at the Company’s retail locations during fiscal years 2023, 2022, and 2021, respectively.

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 December 30, 2023 and December 31, 2022, the Company had deferred revenue of $8.9 million and $6.8 million, respectively, related to product shipped prior to these dates for which the criteria to recognize revenue was not met as of these dates. These amounts are included in accrued expenses and other current liabilities in the accompanying consolidated balance sheets.

The Company is committed to maintaining the freshness of its products in the market. In certain circumstances and with the Company’s approval, the Company accepts and destroys or offers credits for stale beer that is returned or destroyed by Distributors. The Company generally credits approximately fifty percent of the distributor’s cost of beer that has passed its freshness expiration date when it is returned to the Company or destroyed. The Company reduces revenue and establishes an accrual based upon both historical returns, which is applied to an estimated lag time for receipt of product, and knowledge of specific return transactions. Estimating this reserve involves significant judgments and estimates, including comparability of historical return trends to future trends, lag time from date of sale to date of return, and product mix of returns. Stale beer expense is reflected in the accompanying financial statements as a reduction of revenue. Historically, the cost of actual stale beer returns has been in line with established reserves; however, the cost could differ materially from the reserves which would impact revenue. As of December 30, 2023, and December 31, 2022, the stale beer reserve was $8.2 million and $5.6 million, respectively. These amounts are included in accrued expenses and other current liabilities in the accompanying consolidated balance sheets. Provision for stale beer recorded as reductions to revenue totaled $18.8 million, $19.6 million, and $9.5 million in fiscal years 2023, 2022, and 2021 respectively.

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 the 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 totaled $106.4 million, $95.9 million and $126.1 million in fiscal years 2023, 2022, and 2021, respectively. 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.

Customer promotional discount programs are entered into with Distributors for certain periods of time. Amounts paid to Distributors in connection with these programs in fiscal years 2023, 2022, and 2021 were $62.6 million, $54.8 million and $72.7 million, respectively. The reimbursements for discounts to Distributors are recorded as reductions to net revenue. 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 allowances.

Customer incentives and other payments are made primarily to Distributors based upon the 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 in fiscal years 2023, 2022, and 2021 were $43.8 million, $41.1 million and $53.4 million, respectively. In fiscal years 2023, 2022, and 2021, the Company recorded certain of these costs in the total amount of $31.4 million, $29.9 million and $42.0 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.

In connection with its preparation of financial statements and other financial reporting, management is required to make certain estimates and assumptions regarding the amount, timing and classification of expenditures resulting from these activities. Actual expenditures incurred could differ from management’s estimates and assumptions.

Excise Taxes

The Company is responsible for compliance with TTB regulations, including making timely and accurate excise tax payments. The Company is subject to periodic compliance audits by the TTB. Individual states also impose excise taxes on alcohol beverages in varying amounts. The Company calculates its excise tax expense based upon units shipped and on its understanding of the applicable excise tax laws.

Cost of Goods Sold

The following expenses are included in cost of goods sold in the accompanying consolidated statements of comprehensive income: raw material costs, packaging material costs, costs and income related to deposit activity, purchasing and receiving costs, manufacturing labor and overhead, brewing and processing costs, inspection costs relating to quality control, inbound freight charges, depreciation expense related to manufacturing equipment and warehousing costs, which include rent, labor and overhead costs.

Shipping Costs

Costs incurred for the shipping of products to customers are included in advertising, promotional and selling expenses in the accompanying consolidated statements of comprehensive income. The Company incurred shipping costs of $114.7 million, $165.5 million, and $166.6 million in fiscal years 2023, 2022, and 2021, respectively.

Advertising, Promotional, and Selling Expenses

The following expenses are included in advertising, promotional and selling expenses in the accompanying consolidated statements of comprehensive income: media advertising and production costs, sales and brand related expenses, sales and brand salary and benefit expenses, stock compensation, meals, travel and entertainment expenses, promotional activity expenses, shipping costs related to shipments of finished goods from manufacturing locations to distributor locations and point-of-sale items. Total advertising and sales promotional expenditures of $233.5 million, $226.7 million, and $291.3 million were included in advertising, promotional and selling expenses in the accompanying consolidated statements of comprehensive income for fiscal years 2023, 2022, and 2021, respectively.

The Company conducts certain advertising and promotional activities in its Distributors’ markets and the Distributors make contributions to the Company for such efforts. Reimbursements from Distributors for advertising and promotional activities are recorded as reductions to advertising, promotional and selling expenses.

General and Administrative Expenses

The following expenses are included in general and administrative expenses in the accompanying consolidated statements of comprehensive income: general and administrative salary and benefit expenses, stock compensation, insurance costs, consulting and professional service fees, rent and utility expenses, meals, travel and entertainment expenses for general and administrative employees, and other general and administrative overhead costs.

Stock-Based Compensation

The Company accounts for share-based awards in accordance with ASC Topic 718, Compensation – Stock Compensation (“ASC 718”), which generally requires recognition of share-based compensation costs in financial statements based on fair value. Compensation cost is recognized over the period during which an employee is required to provide services in exchange for the award (the requisite service period). The amount of compensation cost recognized in the consolidated statements of comprehensive income is based on the awards ultimately expected to vest, and therefore, reduced for estimated forfeitures. Stock-based compensation was $17.0 million, $14.0 million and $18.6 million in fiscal years 2023, 2022, and 2021, respectively.

As permitted by ASC 718, the Company elected to use a lattice model, such as the trinomial option-pricing model, to estimate the fair values of stock options. All option-pricing models require the input of subjective assumptions. These assumptions include the estimated volatility of the Company’s common stock price over the expected term, the expected dividend rate, the estimated post-vesting forfeiture rate, the risk-free interest rate and expected exercise behavior. See Note O for further discussion of the application of the option-pricing models.

In addition, an estimated pre-vesting forfeiture rate is applied in the recognition of the compensation charge. Periodically, the Company grants performance-based stock options. The Company only recognizes compensation expense with respect to these options if it is probable that the performance targets will be met. Consequently, at the end of each reporting period, the Company estimates whether it is probable that performance targets will be met. Changes in the subjective assumptions and estimates can materially affect the amount of stock-based compensation expense recognized in the consolidated statements of comprehensive income.

Net Income Per Share

Basic net income per share is calculated by dividing net income by the weighted-average common shares outstanding. Diluted net income per share is calculated by dividing net income by the weighted-average common shares and potentially dilutive securities outstanding during the period using the treasury stock method or the two-class method, whichever is more dilutive.

Summary of Significant Accounting Policies - Additional Information (Detail) $ in Thousands	12 Months Ended
	Dec. 30, 2023 USD ($) Segment Customer	Dec. 31, 2022 USD ($) Customer	Dec. 25, 2021 USD ($) Customer
Organization And Summary Of Significant Accounting Policies [Line Items]
Net effect of COVID-19 on revenue, cost of goods sold and operating expense	$ 100,001	$ 90,791	$ 7,997
Sales to foreign distributors as a percentage of total sales	4.00%	4.00%	4.00%
Number of individual customers represented more than ten percent of revenues \| Customer	0	0	0
Number of individual customer accounted for more than ten percent of account receivable balance \| Customer	0	0	0
Provision for excess or expired inventory	$ 19,300	$ 35,900	$ 62,600
Property, plant and equipment, net	642,509	667,909
Impairment of brewery assets	$ 5,396	2,782	$ 18,499
Number of Operating Segments \| Segment	1
Decrease in refundable deposits for lost kegs and pallets	$ (700)	(400)
Decrease in gross property, plant and equipment		1,000
Decrease in property, plant and equipment related accumulated depreciation		1,000
Refundable deposits on kegs and pallets	$ 13,300	$ 13,000
Sales to domestic distributors as a percentage of total sales	94.00%	95.00%	95.00%
Sales to retail locations as a percentage of total sales	2.00%	1.00%	1.00%
Deferred Revenue, Current	$ 8,895	$ 6,840
Stale Beer Reserve	8,200	5,600
Provision for stale beer	18,800	19,600	$ 9,500
Advertising, promotional and selling expenses	555,998	578,400	606,994
Advertising and sales promotional expenditures	233,500	226,700	291,300
Shipping costs	114,700	165,500	166,600
Stock-based compensation	16,971	13,988	18,615
Retained earnings	421,568	439,121
Distributors
Organization And Summary Of Significant Accounting Policies [Line Items]
Amounts paid to distributors	62,600	54,800	72,700
Advertising and sales promotional expenditures	43,800	41,100	53,400
Reduction in revenue related to advertising, promotional and selling expenses	31,400	29,900	42,000
Customers programs and incentives
Organization And Summary Of Significant Accounting Policies [Line Items]
Advertising, promotional and selling expenses	106,400	95,900	126,100
Kegs
Organization And Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment, net	700	1,000
Property, Plant and Equipment
Organization And Summary Of Significant Accounting Policies [Line Items]
Impairment of brewery assets	$ 5,000	$ 2,600	$ 18,500

Related Party Transactions - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Dec. 25, 2021
Related Party Transaction [Line Items]
Total payments due	$ 51,209,000
Related party transaction, other expenses from transactions with related party	$ 100,000	$ 100,000	$ 100,000
Dogfish Head Brewery
Related Party Transaction [Line Items]
Lease term of contract	10 years
Total payments due	$ 3,600,000
Dogfish Head Brewery \| Related Party
Related Party Transaction [Line Items]
Total payments due	$ 366,000	$ 366,000	$ 348,000

The aggregate cost of goods produced and sold and services rendered during the reporting period.

Share-Based Payment Arrangement [Abstract]

Inventories - Components of Inventories (Detail) - USD ($) $ in Thousands	Dec. 30, 2023	Dec. 31, 2022
Current inventory:
Raw materials	$ 55,116	$ 81,225
Work in process	18,750	20,374
Finished goods	41,907	46,851
Total current inventory	115,773	148,450
Long term inventory	14,369	13,192
Total inventory	$ 130,142	$ 161,642

Net Income per Share - Computation of Diluted Net Income Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Dec. 25, 2021
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]
Earnings to Common Shareholders, As reported - basic	$ 76,250	$ 67,263	$ 14,553
Common shares, As reported - basic	12,243,000	12,317,000	12,280,000
EPS, As reported - basic	$ 6.23	$ 5.46	$ 1.19
Add: effect of dilutive potential common shares Share-based awards	40,000	56,000	138,000
Common Shares, Net effect of unvested participating shares			62
Earnings to Common Shareholders, Net effect of unvested participating shares	$ 0	$ 1	$ 52
Earnings to Common Shareholders, Net income per common share - diluted	$ 76,096	$ 67,106	$ 14,553
Common Shares, Net income per common share - diluted	12,258,000	12,345,000	12,436,000
EPS, Net income per common share — diluted	$ 6.21	$ 5.44	$ 1.17
Common Class A
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]
Earnings to Common Shareholders, As reported - basic	$ 63,216	$ 55,812	$ 11,995
Common shares, As reported - basic	10,150,000	10,221,000	10,121,000
EPS, As reported - basic	$ 6.23	$ 5.46	$ 1.19
Common Class B
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]
Earnings to Common Shareholders, As reported - basic	$ 12,880	$ 11,293	$ 2,506
Common shares, As reported - basic	2,068,000	2,068,000	2,115,000
EPS, As reported - basic	$ 6.23	$ 5.46	$ 1.19
Earnings to Common Shareholders, Class B Common Stock	$ 12,880	$ 11,293	$ 2,506
Class B Common Stock	2,068,000	2,068,000	2,115,000

Significant Components of Company's Deferred Tax Assets and Liabilities (Detail) - USD ($) $ in Thousands	Dec. 30, 2023	Dec. 31, 2022
Deferred tax assets:
Lease liabilities	$ 12,034	$ 13,994
Stock-based compensation expense	8,062	7,441
Accrued expenses	7,100	4,609
Inventory	4,689	8,595
Loss carryforwards	1,864	968
Tax credit carryforwards	689	813
Accrued commitments for inventory at vendor locations	108	1,799
Other	983	1,833
Total deferred tax assets	35,529	40,052
Valuation allowance	(5,808)	(4,600)
Total deferred tax assets net of valuation allowance	29,721	35,452
Deferred tax liabilities:
Property, plant and equipment	(90,372)	(103,561)
Right-of-use assets	(9,590)	(11,375)
Intangible assets amortization	(8,244)	(10,373)
Prepaid expenses	(7,236)	(6,735)
Total deferred tax liabilities	(115,442)	(132,044)
Net deferred tax liabilities	$ (85,721)	$ (96,592)

Common Stock and Share-Based Compensation

12 Months Ended

Dec. 30, 2023

Common Stock and Share-Based Compensation

O. Common Stock and Share-Based Compensation

Class A Common Stock

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.

Class B Common Stock

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 Class B Common Stock is freely convertible into one share of Class A Common Stock, upon request of any Class B holder, and participates equally in earnings.

All distributions with respect to the Company’s capital stock are restricted by the Company’s credit agreement, with the exception of distributions of capital stock from subsidiaries to The Boston Beer Company, Inc. and Boston Beer Corporation, repurchase from former employees of non-vested investment shares of Class A Common Stock issued under the Company’s equity incentive plan, redemption of certain shares of Class A Common Stock as approved by the Board of Directors and payment of cash dividends to its holders of common stock.

Employee Stock Compensation Plan

The Company’s Employee Equity Incentive Plan (the “Equity Plan”) currently provides for the grant of discretionary options, restricted stock awards and restricted stock units to employees, and provides for shares to be sold to employees of the Company at a discounted purchase price under its investment share program. The Equity Plan is administered by the Board of Directors of the Company, based on recommendations received from the Compensation Committee of the Board of Directors. The Compensation Committee consists of three independent directors. In determining the quantities and types of awards for grant, the Compensation Committee periodically reviews the objectives of the Company’s compensation system and takes into account the position and responsibilities of the employee being considered, the nature and value to the Company of his or her service and accomplishments, his or her present and potential contributions to the success of the Company, the value of the type of awards to the employee and such other factors as the Compensation Committee deems relevant.

Stock options and related vesting requirements and terms are granted at the Board of Directors’ discretion, but generally vest ratably over three to five-year periods and, with respect to certain options granted to members of senior management, based on the Company’s performance. Generally, the maximum contractual term of stock options is ten years, although the Board of Directors may grant options that exceed the ten-year term. During fiscal years 2023, 2022, and 2021, the Company granted options to purchase 58,054 shares, 17,114 shares, and 18,998 shares, respectively, of its Class A Common Stock to employees at market value on the grant dates. 31,117 of the 2023 stock option grants were performance-based while 26,937 were service-based.

During fiscal years 2023, 2022, and 2021, the Company granted 53,884 shares, 32,744 shares, and 12,867 shares, respectively, of restricted stock units to certain senior managers and key employees. All of the 2023 restricted stock unit grants are service-based and vest ratably over service periods of three to five years.

The Equity Plan also has an 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 at a discount from current market value of 0% to 40%, based on the employee’s tenure with the Company. Investment shares vest ratably over service periods of five years. Participants may pay for these shares either up front or through payroll deductions over an eleven-month period during the year of purchase. During fiscal years 2023, 2022, and 2021, employees elected to purchase an aggregate of 10,594 investment shares, 10,845 investment shares, and 4,954 investment shares, respectively.

The Company has reserved 6.7 million shares of Class A Common Stock for issuance pursuant to the Equity Plan, of which 0.9 million shares were available for grant as of December 30, 2023. Shares reserved for issuance under cancelled employee stock options and forfeited restricted stock are returned to the reserve under the Equity Plan for future grants or purchases. The Company also purchases unvested investment shares from employees who have left the Company at the lesser of (i) the price paid for the shares when the employee acquired the shares or (ii) the fair market value of the shares as of the date next preceding the date on which the shares are called for redemption by the Company. These shares are also returned to the reserve under the Equity Plan for future grants or purchases.

Non-Employee Director Plan

The Company has a stock option and restricted stock unit plan for non-employee directors of the Company (the “Non-Employee Director Plan”), pursuant to which each non-employee director of the Company is granted a combination of options to purchase shares of the Company’s Class A Common Stock and restricted stock units upon election or re-election to the Board of Directors. Stock options issued to non-employee directors vest upon grant and have a maximum contractual term of ten years. Restricted stock units granted to non-employee directors vest over a 1-year service period, During fiscal years 2023, 2022, and 2021 the Company granted options to purchase an aggregate of 2,941 shares, 3,810 shares, and 1,422 shares of the Company’s Class A Common Stock to non-employee directors, respectively. During fiscal year 2023 1,442 restricted stock units were granted to non-employee directors. No restricted stock units were granted to non-employee directors during fiscal years 2022 or 2021.

The Company has reserved 0.6 million shares of Class A Common Stock for issuance pursuant to the Non-Employee Director Plan, of which 0.1 million shares were available for grant as of December 30, 2023. Shares under any cancelled non-employee directors’ restricted stock units or stock options or options that expire unexercised are returned to the reserve under the Non-Employee Director Plan for future grants.

Option Activity

Information related to stock options under the Equity Plan and the Non-Employee Director Plan is summarized as follows:


	Shares			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term in Years		Aggregate Intrinsic Value (in thousands)
Vested and expected to vest at December 31, 2022		204,245		$	334.26
Granted		60,995			326.17
Exercised		(50,211	)		200.62
Cancelled/Forfeited		(5,756	)		396.86
Expired		(1,463	)		464.33
Outstanding at December 30, 2023		207,810		$	361.53		6.14	$	11,419
Exercisable at December 30, 2023		110,193		$	288.62		4.23	$	9,830
Vested and expected to vest at December 30, 2023		175,897		$	350.85		5.75	$	11,101

Of the total options outstanding at December 30, 2023, 43,520 shares were performance-based options for which the performance criteria had yet to be achieved.

Weighted average assumptions used to estimate fair values of stock options on the date of grants fir fiscal 2023, 2022, and 2021 was as follows:


	2023			2022			2021
Expected volatility		39.7	%		38.0	%		36.1	%
Risk-free interest rate		3.96	%		2.11	%		1.45	%
Expected dividends		0	%		0	%		0	%
Exercise factor	2.3 times			3.0 times			2.6 times
Discount for post-vesting restrictions		0.0	%		0.0	%		0.0	%

Expected volatility is based on the Company’s historical realized volatility. The risk-free interest rate represents the implied yields available from the U.S. Treasury zero-coupon yield curve over the contractual term of the option when using the trinomial option-pricing model. Expected dividend yield is 0% because the Company has not paid dividends in the past and currently has no known intention to do so in the future. Exercise factor and discount for post-vesting restrictions are based on the Company’s historical experience.

No options vested during fiscal year 2023. The total fair value of options vested during fiscal years 2022 and 2021 was $6.6 million and $6.3 million, respectively. The aggregate intrinsic value of stock options exercised during fiscal years 2023, 2022, and 2021 was $6.6 million, $6.9 million, and $28.9 million, respectively.

Non-Vested Shares Activity

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 31, 2022		91,211		$	423.60
Granted		65,920			306.04
Vested		(27,640	)		341.57
Forfeited		(14,694	)		358.43
Non-vested at December 30, 2023		114,797		$	373.56

The fair value of restricted stock awards is based on the Company’s traded stock price on the date of the grants. Fair value of investment shares is calculated using the trinomial option-pricing model.

27,640 shares vested in 2023 with a weighted average fair value of $341.57, 32,476 shares vested in 2022 with a weighted average fair value of $292.27, and 42,038 shares vested in 2021 with a weighted average fair value of $227.40.

Stock-Based Compensation

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


	2023		2022		2021
	(in thousands)
Amounts included in general and administrative expenses	$	10,370	$	8,804	$	13,003
Amounts included in advertising, promotional, and selling expenses		6,601		5,184		5,612
Total stock-based compensation expense	$	16,971	$	13,988	$	18,615
Amounts related to performance-based stock awards included in total stock-based compensation expense	$	2,518	$	1,198	$	3,384

The Company uses the straight-line attribution method in recognizing stock-based compensation expense for awards that vest based on service conditions. For awards that vest subject to performance conditions, compensation expense is recognized ratably for each tranche of the award over the performance period if it is probable that performance conditions will be met.

The Company recognizes compensation expense, less estimated forfeitures. For Equity Plan awards during fiscal year 2023, the estimated forfeiture rate was 20.0% for stock options and 12% for restricted stock units and investment shares. The estimated forfeiture rate was 19.0%, and 13.0% for all types of awards during fiscal years 2022, and 2021, respectively. The estimated forfeiture rates used are based upon historical experience with the various award types and the Company annually reviews these rates to ensure proper projection of future forfeitures.

Based on equity awards outstanding as of December 30, 2023, there is $33.1 million of unrecognized compensation costs, net of estimated forfeitures, related to unvested share-based compensation arrangements that are expected to vest. Such costs are expected to be recognized over a weighted-average period of 1.8 years.

Stock Repurchase Program

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 May 18, 2023, the Board of Directors authorized an increase in the aggregate expenditure limit for the Company’s stock repurchase program by $269.0 million, increasing the limit from $931.0 million to $1.2 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

During fiscal year 2023, the Company repurchased and subsequently retired 276,045 shares of its Class A Common Stock for an aggregate purchase price of $92.9 million. As of December 30, 2023, the Company had repurchased a cumulative total of approximately 14.1 million shares of its Class A Common Stock for an aggregate purchase price of approximately $933.5 million and had approximately $266.5 million remaining on the $1.2 billion stock repurchase expenditure limit set by the Board of Directors.

Goodwill and Intangible Assets - Additional Information (Detail) - USD ($)	3 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 30, 2023	Dec. 31, 2022	Dec. 25, 2021
Impairment of goodwill		$ 0
Intangible carrying value		59,644,000	$ 76,324,000
Impairment of intangible assets		16,426,000	27,100,000
Intangible assets amortization		253,000,000	253,000,000	$ 253,000,000
Dogfish Head
Intangible carrying value	$ 71,400,000	$ 98,500,000	71,400,000
Estimated fair value	55,600,000
Impairment of intangible assets	15,800,000		$ 27,100,000
Dogfish Head \| Other Intangible Assets
Impairment of intangible assets	$ 600,000

Reconciliations to Statutory Rates (Detail)	12 Months Ended
Reconciliations to Statutory Rates (Detail)	Dec. 30, 2023	Dec. 31, 2022	Dec. 25, 2021
Income Tax Disclosure [Abstract]
Statutory rate	21.00%	21.00%	21.00%
State income taxes, net of federal benefit	4.80%	4.10%	11.00%
Non-deductible compensation under Internal Revenue Code Section 162(m)	3.40%	0.20%	5.70%
Non-deductable meals & entertainment	1.20%	0.60%	5.60%
Change in valuation allowance	1.00%	1.20%	21.90%
Deduction relating to excess stock-based compensation	0.10%	(0.90%)	(153.80%)
Change in unrecognized tax benefits (including interest and penalty)	0.10%		(8.70%)
Federal and state provision to return	0.00%	(0.20%)	(7.10%)
Other	(1.20%)	0.40%	(6.30%)
Effective Income Tax Rate Reconciliation, Percent, Total	30.40%	26.40%	(110.70%)

Property, Plant and Equipment - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Dec. 25, 2021
Property Plant And Equipment [Line Items]
Depreciation expense	$ 87,900	$ 81,100	$ 71,800
Impairment of intangible assets	16,426	27,100
Property, Plant and Equipment
Property Plant And Equipment [Line Items]
Impairment of intangible assets	$ 5,000	$ 2,600	$ 18,500

Consolidated Statements of Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Dec. 25, 2021
Income Statement [Abstract]
Revenue	$ 2,133,292	$ 2,222,667	$ 2,196,650
Less excise taxes	124,667	132,333	139,028
Net revenue	2,008,625	2,090,334	2,057,622
Cost of goods sold	1,156,256	1,228,348	1,259,830
Gross profit	852,369	861,986	797,792
Operating expenses:
Advertising, promotional and selling expenses	555,998	578,400	606,994
General and administrative expenses	174,548	157,534	133,624
Impairment of intangible assets	16,426	27,100
Impairment of brewery assets	5,396	2,782	18,499
Contract termination costs and other		5,379	30,678
Total operating expenses	752,368	771,195	789,795
Operating income	100,001	90,791	7,997
Other income (expense):
Interest income (expense), net	10,995	2,561	(110)
Other expense, net	(1,408)	(1,916)	(978)
Total other income (expense), net	9,587	645	(1,088)
Income before income tax provision	109,588	91,436	6,909
Income tax provision (benefit)	33,338	24,173	(7,644)
Net income	$ 76,250	$ 67,263	$ 14,553
Net income per common share - basic	$ 6.23	$ 5.46	$ 1.19
Net income per common share - diluted	$ 6.21	$ 5.44	$ 1.17
Weighted-average number of common shares - basic	12,243	12,317	12,280
Weighted-average number of common shares - diluted	12,258	12,345	12,436
Net Income (Loss)	$ 76,250	$ 67,263	$ 14,553
Other comprehensive income (loss):
Foreign currency translation adjustment	166	(269)	(32)
Defined benefit plans liability adjustment	(13)	253	90
Total other comprehensive income (loss), net of tax	153	(16)	58
Comprehensive income	$ 76,403	$ 67,247	$ 14,611

Goodwill and Intangible Assets - Schedule of Amortization Expense (Detail) $ in Thousands	Dec. 30, 2023 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2024	$ 253
2025	253
2026	253
2027	253
2028	253
Thereafter	1,395
Total amortization to be recorded	$ 2,660

Accrued Expenses and Other Current Liabilities (Tables)

12 Months Ended

Dec. 30, 2023

Payables and Accruals [Abstract]

Summary of Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following as of:


	December 30, 2023		December 31, 2022
	(in thousands)
Employee wages, benefits, and reimbursements	$	49,446	$	31,449
Advertising, promotional, and selling expenses		18,950		18,915
Accrued deposits		13,425		13,090
Accrued inventory and production related costs		9,775		17,986
Deferred revenue		8,895		6,840
Accrued returns		8,240		5,580
Accrued taxes		6,757		7,229
Other		11,442		10,064
Total accrued expenses and other current liabilities	$	126,930	$	111,153

Funded Status of Retiree Medical Plan (Detail) - Retiree Medical Plan - USD ($) $ in Thousands	Dec. 30, 2023	Dec. 31, 2022
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Benefit obligation at end of fiscal year	$ 828	$ 757
Unfunded Status	$ 828	$ 757

Leases - Gross Value of Accumulated Depreciation Of Right Of Use Assets (Details). - USD ($) $ in Thousands	Dec. 30, 2023	Dec. 31, 2022
Leases [Abstract]
Finance Lease, Gross value	$ 6,134	$ 5,998
Finance Lease, Accumulated amortization	(3,454)	(4,574)
Finance Lease, Carrying value	$ 2,680	$ 1,424

Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 30, 2023

Property, Plant and Equipment [Abstract]

Summary of Property, Plant and Equipment

Property, plant, and equipment consisted of the following as of:


	December 30, 2023			December 31, 2022
	(in thousands)
Machinery and plant equipment	$	777,185		$	760,895
Building and building improvements		247,384			237,561
Leasehold improvements		74,603			75,260
Kegs		58,492			58,492
Office equipment and furniture		40,723			36,935
Land		25,752			25,777
Assets under construction		66,700			41,323
Property, plant, and equipment, gross		1,290,839			1,236,243
Less accumulated depreciation		(648,330	)		(568,334	)
Property, plant, and equipment, net	$	642,509		$	667,909

Estimated Useful Lives (Detail)	12 Months Ended
Estimated Useful Lives (Detail)	Dec. 30, 2023
Kegs
Organization And Summary Of Significant Accounting Policies [Line Items]
Estimated useful life	5 years
Computer Software and Equipment \| Minimum
Organization And Summary Of Significant Accounting Policies [Line Items]
Estimated useful life	2 years
Computer Software and Equipment \| Maximum
Organization And Summary Of Significant Accounting Policies [Line Items]
Estimated useful life	5 years
Office Equipment and Furniture \| Minimum
Organization And Summary Of Significant Accounting Policies [Line Items]
Estimated useful life	3 years
Office Equipment and Furniture \| Maximum
Organization And Summary Of Significant Accounting Policies [Line Items]
Estimated useful life	7 years
Machinery and Plant Equipment \| Minimum
Organization And Summary Of Significant Accounting Policies [Line Items]
Estimated useful life	3 years
Machinery and Plant Equipment \| Maximum
Organization And Summary Of Significant Accounting Policies [Line Items]
Estimated useful life	20 years
Leasehold Improvements
Organization And Summary Of Significant Accounting Policies [Line Items]
Estimated useful life	Lesser of the remaining term of the lease or estimated useful life of the asset
Building and Building Improvements
Organization And Summary Of Significant Accounting Policies [Line Items]
Estimated useful life	12 to 20 years, or the remaining useful life of the building, whichever is shorter
Building and Building Improvements \| Minimum
Organization And Summary Of Significant Accounting Policies [Line Items]
Estimated useful life	12 years
Building and Building Improvements \| Maximum
Organization And Summary Of Significant Accounting Policies [Line Items]
Estimated useful life	20 years

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Dec. 25, 2021
Cash flows provided by operating activities:
Net income	$ 76,250	$ 67,263	$ 14,553
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	88,141	81,356	72,096
Impairment of intangible assets	16,426	27,100
Impairment of brewery assets	5,396	2,782	18,499
Change in right-of-use assets	7,678	7,972	8,018
Stock-based compensation expense	16,971	13,988	18,615
Deferred income taxes	(10,871)	9,097	(5,225)
Other non-cash expense (income)	224	89	(399)
Changes in operating assets and liabilities:
Accounts receivable	(10,340)	(2,042)	23,071
Inventories	31,500	131	(21,224)
Prepaid expenses, income tax receivable and other current assets	13,979	38,652	(49,073)
Third-party production prepayments	27,758	26,955	(16,635)
Other assets	(5,849)	(14,031)	(5,699)
Accounts payable	2,763	(2,219)	(27,361)
Accrued expenses, other current liabilities and other liabilities	13,884	(50,632)	35,290
Operating lease liabilities	(8,759)	(6,516)	(8,229)
Net cash provided by operating activities	265,151	199,945	56,297
Cash flows used in investing activities:
Purchases of property, plant and equipment	(64,087)	(90,582)	(147,919)
Proceeds from sale of property, plant, and equipment	1,709	2,076	1,157
Other investing activities			145
Net cash used in investing activities	(62,378)	(88,506)	(146,617)
Cash flows (used in) provided by financing activities:
Repurchases and retirement of Class A common stock	(92,877)
Proceeds from exercise of stock options and sale of investment shares	11,723	7,946	10,465
Net cash paid on finance leases and notes payable	(1,575)	(1,672)	(1,570)
Payment of tax withholding on stock-based payment awards and investment shares	(2,113)	(3,474)	(15,536)
Line of credit borrowings		30,000
Line of credit repayments		(30,000)
Net cash (used in) provided by financing activities	(84,842)	2,800	(6,641)
Change in cash and cash equivalents and restricted cash	117,931	114,239	(96,961)
Cash and cash equivalents and restricted cash at beginning of period	180,560	66,321	163,282
Cash and cash equivalents and restricted cash at end of period	298,491	180,560	66,321
Supplemental disclosure of cash flow information:
Income tax (payments) refunds, net	(35,728)	28,144	(41,221)
Cash paid for amounts included in measurement of lease liabilities
Operating cash outflows from operating leases	10,483	8,510	10,495
Operating cash outflows from finance leases	138	71	121
Financing cash outflows from finance leases	1,575	1,598	1,499
Right-of-use-assets obtained in exchange for operating lease obligations	(107)	(827)	2,309
Right-of-use-assets obtained in exchange for finance lease obligations	2,825		472
Increase (decrease) in accounts payable and accrued expenses for purchases of property, plant, and equipment	1,107	1,045	(15,824)
Non-cash financing activity - accrued excise taxes on share repurchases	929
Supplemental disclosure of cash, cash equivalents and restricted cash
Cash and cash equivalents	298,491	180,560	26,853
Restricted cash			39,468
Total cash, cash equivalents and restricted cash shown in the statements of cash flows	$ 298,491	$ 180,560	$ 66,321

Accumulated Other Comprehensive Loss (Tables)

12 Months Ended

Dec. 30, 2023

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Components of Accumulated Other Comprehensive Loss

The components of the accumulated other comprehensive loss was as follows as of::


	December 30,			December 31,
	2023			2022
	(in thousands)
Cumulative currency translation adjustments	$	(141	)	$	(307	)
Deferred benefit costs, net of tax		84			97
Total accumulated other comprehensive loss	$	(57	)	$	(210	)

Net Income per Share

12 Months Ended

Dec. 30, 2023

Earnings Per Share [Abstract]

Net Income per Share

Q. Net Income per Share

Net Income per Common Share - Basic

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


	December 30,		December 31,		December 25,
	2023		2022		2021
	(in thousands, except per share data)
Net Income	$	76,250	$	67,263	$	14,553
Allocation of net income for basic:
Class A Common Stock	$	63,216	$	55,812	$	11,995
Class B Common Stock		12,880		11,293		2,506
Unvested participating shares		154		158		52
	$	76,250	$	67,263	$	14,553
Weighted average number of shares for basic:
Class A Common Stock		10,150		10,221		10,121
Class B Common Stock*		2,068		2,068		2,115
Unvested participating shares		25		28		44
		12,243		12,317		12,280
Net income per share for basic:
Class A Common Stock	$	6.23	$	5.46	$	1.19
Class B Common Stock	$	6.23	$	5.46	$	1.19

*Changes in Class B Common Stock resulted from the conversion to Class A Common stock during fiscal 2022 as disclosed in the Company's consolidated statements of stockholders' equity.

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 or converted.

The following tables set forth the computation of diluted net income per share, assuming the conversion of all Class B Common Stock into Class A Common Stock:


	Fiscal year ended December 30, 2023
	Earnings to Common Shareholders		Common Shares		EPS
	(in thousands, except per share data)
As reported - basic	$	63,216		10,150	$	6.23
Add: effect of dilutive potential common shares
Share-based awards		—		40
Class B Common Stock		12,880		2,068
Net effect of unvested participating shares		—		—
Net income per common share - diluted	$	76,096	$	12,258	$	6.21


	Fiscal year ended December 31, 2022
	Earnings to Common Shareholders		Common Shares		EPS
	(in thousands, except per share data)
As reported - basic	$	55,812		10,221	$	5.46
Add: effect of dilutive potential common shares
Share-based awards		—		56
Class B Common Stock		11,293		2,068
Net effect of unvested participating shares		1		—
Net income per common share - diluted	$	67,106		12,345	$	5.44


	Fiscal year ended December 25, 2021
	Earnings to Common Shareholders		Common Shares		EPS
	(in thousands, except per share data)
As reported - basic	$	11,995		10,121	$	1.19
Add: effect of dilutive potential common shares
Share-based awards		—		138
Class B Common Stock		2,506		2,115
Net effect of unvested participating shares		52		62
Net income per common share - diluted	$	14,553		12,436	$	1.17

Basic net income per common share for each share of Class A Common Stock and Class B Common Stock is $6.23, $5.46, and $1.19 for the fiscal years 2023, 2022, and 2021, respectively, as each share of Class A and Class B participates equally in earnings. Shares of Class B are convertible at any time into shares of Class A on a one-for-one basis at the option of the stockholder.

Weighted average stock options to purchase approximately 52,000, 17,000, and 17,000 shares of Class A Common Stock were outstanding during fiscal years 2023, 2022, and 2021, respectively, but not included in computing diluted income per share because their effects were anti-dilutive. Additionally, approximately 54,000, 1,000, and 1,000 performance awards were outstanding during fiscal years 2023, 2022, and 2021, respectively, but not included in computing dilutive income per share because the performance criteria of these stock options were not met at the respective fiscal year ends.

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Dec. 30, 2023	Dec. 31, 2022	Dec. 25, 2021
Pay vs Performance Disclosure
Net Income (Loss)	$ 76,250	$ 67,263	$ 14,553

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

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
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SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 30, 2023	Dec. 31, 2022
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	10,033,303	10,238,009
Common Stock, shares outstanding	10,033,303	10,238,009
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	2,068,000	2,068,000
Common Stock, shares outstanding	2,068,000	2,068,000

Employee Retirement Plans and Post-Retirement Medical Benefits - Additional Information (Detail) $ in Thousands		1 Months Ended	12 Months Ended
	Apr. 01, 2023	Jan. 31, 2020	Dec. 30, 2023 USD ($) CompensationPlan	Dec. 31, 2022 USD ($)	Dec. 25, 2021 USD ($)
Retiree Medical Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Unfunded projected pension benefits			$ (828)	$ (757)
Non-Union Plans \| Boston Beer 401 (k) Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Eligibility timing			eligible to participate in the Plan immediately upon employment
Voluntary contributions of annual compensation			60.00%
Employer matching contribution percentage			5.00%
Contributions Plan			$ 8,800	$ 7,600	$ 7,400
Non-Union Plans \| Boston Beer 401 (k) Plan \| Company's match thereafter
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Employer matching contribution percentage		3.00%
Employer match percentage		100.00%
Non-Union Plans \| Boston Beer 401 (k) Plan \| Company's match for the first 3% of the eligible participants contribute
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Employer matching contribution percentage		2.00%
Employer match percentage		50.00%
Non-Union Plans \| Boston Beer 401 (k) Plan \| Company's match for the first 5% of the eligible contribution
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Employer matching contribution percentage	5.00%
Employer match percentage	100.00%
Union Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Number of retirement plans \| CompensationPlan			3
Union Plans \| Retiree Medical Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Eligibility period			20 years
Time required for eligibility			5 years
Benefit obligation, discount rate			5.03%	5.22%
Benefit obligation, rate of compensation increase			2.50%	2.50%
Percentage paid for coverage			100.00%
Union Plans \| Retiree Medical Plan \| Minimum
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Voluntarily retirement age			57 years
Union Plans \| Retiree Medical Plan \| Local #20 member
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Time required for eligibility			7 years
Retiree Medical Plan, last years of employment			10 years
Voluntarily retirement age			65 years
Union Plans \| Retiree Medical Plan \| Local #20 member \| Minimum
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Eligibility period			20 years
Union Plans \| Samuel Adams Cincinnati Brewery 401 (k) Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Eligibility timing			all members of Local 20 upon commencement of employment or, if later, attaining age 21.
Voluntary contributions of annual compensation			60.00%

Valuation and Qualifying Accounts

12 Months Ended

Dec. 30, 2023

Valuation and Qualifying Accounts

S. Valuation and Qualifying Accounts

The Company maintains reserves against accounts receivable for doubtful accounts and inventory for obsolete and slow-moving inventory. The Company also maintains reserves against accounts receivable for distributor promotional allowances. In addition, the Company maintains a reserve for estimated returns of stale beer, which is included in accrued expenses.


Allowance for Credit Losses	Balance at Beginning of Period		Net Provision (Recovery)		Amounts Charged Against Reserves			Balance at End of Period
	(In thousands)
2023	$	418	$	15	$	(6	)	$	427
2022	$	353	$	326	$	(261	)	$	418
2021	$	535	$	182	$	(364	)	$	353


Discount Accrual	Balance at Beginning of Period		Net Provision (Recovery)		Amounts Charged Against Reserves			Balance at End of Period
	(In thousands)
2023	$	8,179	$	62,620	$	(62,846	)	$	7,953
2022	$	11,221	$	54,825	$	(57,867	)	$	8,179
2021	$	9,357	$	72,680	$	(70,816	)	$	11,221


Inventory Obsolescence Reserve	Balance at Beginning of Period		Net Provision (Recovery)		Amounts Charged Against Reserves			Balance at End of Period
	(In thousands)
2023	$	21,976	$	19,328	$	(33,664	)	$	7,640
2022	$	43,055	$	35,867	$	(56,946	)	$	21,976
2021	$	6,331	$	62,616	$	(25,892	)	$	43,055


Stale Beer Reserve	Balance at Beginning of Period		Net Provision (Recovery)		Amounts Charged Against Reserves			Balance at End of Period
	(In thousands)
2023	$	5,580	$	18,772	$	(16,112	)	$	8,240
2022	$	6,045	$	19,589	$	(20,054	)	$	5,580
2021	$	3,092	$	9,537	$	(6,584	)	$	6,045

Insider Trading Arrangements

12 Months Ended

Dec. 30, 2023

Trading Arrangements, by Individual

Material Terms of Trading Arrangement

Insider Trading Agreements

The table below sets forth information regarding trading plans adopted during the quarter ended December 30, 2023 by an executive officer that is intended to satisfy the affirmative defense conditions of Securities Exchange Act Rule 10b5-1(c):


Name and Title	Date of Adoption of Plan	Duration of Plan	Aggregate Number of Shares to Be Purchased or Sold Pursuant to Plan	Description of the Material Terms of the Rule 10b5-1 Trading Arrangement
Dave Burwick, President, Chief Executive Officer	November 6, 2023	March 6, 2024 - June 4, 2024	Up to 1,116	Vested stock option sales

Name

Dave Burwick

Title

President, Chief Executive Officer

Rule 10b5-1 Arrangement Adopted

true

Adoption Date

November 6, 2023

Arrangement Duration

90 days

Aggregate Available

1,116

Third-Party Production Prepayments (Detail) - USD ($) $ in Thousands			12 Months Ended
	Jan. 02, 2024	Oct. 23, 2023	Dec. 30, 2023	Dec. 31, 2022	Dec. 25, 2021
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Percentage of brews and packages			71.00%	65.00%	56.00%
Percentage of brews and packages across various locations			22.00%	26.00%	32.00%
Total third-party production prepayments			$ 33,600	$ 61,300
Total prepaid amount			33,581	61,339
Shortfall fees			9,500	$ 3,000
Contractual shortfall fees			106,000
Expected shortfall fees			$ 41,000
Purpose of buying packaging equipment		$ 20,000
Repayment of the loan plus an agreed investment return		22,400
Annual repayment limits in 2024		3,000
Annual repayment limits in 2025		7,500
Annual repayment limits in 2026		10,000
Annual repayment limits, Thereafter		$ 10,000
Subsequent Event
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Payment on loan and security agreement	$ 20,000

Property, Plant and Equipment

12 Months Ended

Dec. 30, 2023

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

F. Property, Plant, and Equipment

Property, plant, and equipment consisted of the following as of:


	December 30, 2023			December 31, 2022
	(in thousands)
Machinery and plant equipment	$	777,185		$	760,895
Building and building improvements		247,384			237,561
Leasehold improvements		74,603			75,260
Kegs		58,492			58,492
Office equipment and furniture		40,723			36,935
Land		25,752			25,777
Assets under construction		66,700			41,323
Property, plant, and equipment, gross		1,290,839			1,236,243
Less accumulated depreciation		(648,330	)		(568,334	)
Property, plant, and equipment, net	$	642,509		$	667,909

The Company recorded depreciation expense related to these assets of $87.9 million, $81.1 million, and $71.8 million, in fiscal years 2023, 2022, and 2021, respectively.

Impairment of Assets

The Company evaluates its assets for impairment when events indicate that an asset or asset group may have suffered impairment. During fiscal years 2023, 2022, and 2021, the Company recorded impairment charges on brewery assets classified as property, plant, and equipment of $5.0 million, $2.6 million, and $18.5 million, respectively. The increase in impairment charges during fiscal year 2021 relates to write-downs of equipment related to the slowdown of the hard seltzer category.

Licensing Agreements

12 Months Ended

Dec. 30, 2023

Licensing agreements [Abstract]

Licensing Agreements

T. Licensing Agreements

Pepsi Licensing Agreement

On August 9, 2021, the Company signed a series of agreements with PepsiCo, Inc. (“Pepsi”) to develop, market, and sell alcohol beverages. Under the agreements, the Company is responsible for developing, manufacturing, and marketing a flavored malt beverage product under the HARD MTN DEW® brand. As part of the agreements, Pepsi provides certain proprietary ingredients and also licenses the Company the use of its HARD MTN DEW® trademark in connection with manufacturing, promoting, marketing, and distributing the developed product, primarily through the Pepsi distribution network.

During fiscal 2022 and 2023, distribution was primarily managed through the Pepsi Network per terms of the original agreements. Pursuant to these terms, the Company made payments to Pepsi for proprietary ingredients, freight costs to ship the product to Pepsi, and certain marketing services. The costs of the proprietary ingredients above fair market value are recorded within net revenue at the time revenue is recognized for the flavored malt beverages sold to Pepsi and were $2.0 million and $2.5 million during fiscal 2023 and 2022, respectively. Freight costs and marketing costs are recorded in advertising, promotional, and selling expenses. The excess costs over fair market value of proprietary ingredients on hand at the end of the period are classified within prepaid expenses and other current assets. The excess over fair market value for inventory on hand was $0.1 million and $0.4 million as of December 30, 2023 and December 31, 2022, respectively. During fiscal 2023 and 2022, total net revenue recognized under these agreements amounted to approximately 2% of the Company's total net revenues.

On February 24, 2024, the Company and Pepsi amended the terms of these agreements, most notably to change distribution from the Pepsi Distribution network to the Company’s distribution network. The transition of distributor networks is expected to begin in May of 2024 and extend into 2025. Under the agreements, the Company is responsible for developing, manufacturing, and marketing a flavored malt beverage product under Pepsi’s MTN DEW® brand. Pepsi provides certain proprietary ingredients and also licenses the Company the use of its HARD MTN DEW® trademark in connection with manufacturing, promoting, marketing, and distributing the developed product.

Common Stock and Share-Based Compensation - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Dec. 25, 2021	May 18, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options, contractual term	6 years 1 month 20 days
Other than options granted in period	65,920
Stock option outstanding	207,810	204,245
Weighted average fair value of stock awards	$ 306.04
Weighted average exercise price	$ 361.53	$ 334.26
Expected dividends	0.00%	0.00%	0.00%
Estimated forfeiture rate for equity awards that do not vest on January 1st	20.00%	19.00%	13.00%
Restricted stock units and investment shares	12.00%
Total fair value of options vested in period		$ 6,600,000	$ 6,300,000
Aggregate intrinsic value of stock options exercised in period	$ 6,600,000	$ 6,900,000	$ 28,900
Unrecognized compensation costs	$ 33,100,000
Unrecognized compensation costs, weighted average period	1 year 9 months 18 days
Option vested, number of shares	27,640	32,476	42,038
Option vested, weighted average fair value	$ 341.57	$ 292.27	$ 227.40
Performance-Based Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option outstanding	43,520
Non-Employee Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted in period	2,941	3,810	1,422
Non-Employee Director \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options, contractual term	10 years
Employee Stock Compensation Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted in period	58,054	17,114	18,998
Employee Stock Compensation Plan \| Investment Share Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	5 years
Share based compensation arrangement by share based payment award participants payment description	Participants may pay for these shares either up front or through payroll deductions over an eleven-month period during the year of purchase.
Shares employees elected to purchase	10,594	10,845	4,954
Employee Stock Compensation Plan \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Employee Stock Compensation Plan \| Minimum \| Investment Share Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Requirement tenure of employee for investment share program, purchase shares at discount	1 year
Discount from current market value	0.00%
Employee Stock Compensation Plan \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	5 years
Stock options, contractual term	10 years
Employee Stock Compensation Plan \| Maximum \| Investment Share Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Discount from current market value	40.00%
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Other than options granted in period	53,884	2,744	867
Restricted Stock Units \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Restricted Stock Units \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	5 years
Restricted Stock Units \| Non-Employee Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options, contractual term	1 year
Other than options granted in period	1,442
Stock issued during period, shares, restricted stock units		0	0
Performance Based Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Other than options granted in period	31,117
Service-Based Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Other than options granted in period	26,937
Common Class A
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock repurchase program, authorized amount				$ 269,000,000
Number of shares authorized to be repurchased	1,200,000,000
Repurchase of shares	14.1
Number of total cumulative shares repurchased, value	$ 933,500,000
Stock repurchase program, remaining authorized pepurchase amount	$ 266,500,000
Stock repurchased during period	276,045
Repurchase of Class A Common Stock	$ 92,900,000
Common Class A \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized to be repurchased				931,000,000
Common Class A \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized to be repurchased				1,200,000,000
Common Class A \| Non-Employee Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for issuance	600,000
Shares available for grant	100,000
Common Class A \| Employee Stock Compensation Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for issuance	6,700,000
Shares available for grant	900,000

Prepaid Expenses and Other Current Assets (Tables)

12 Months Ended

Dec. 30, 2023

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Summary of Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following as of:


	December 30, 2023		December 31, 2022
	(in thousands)
Prepaid taxes	$	5,536	$	6,753
Prepaid software and consulting fees		3,627		4,549
Prepaid insurance		3,394		3,497
Prepaid advertising, promotional and selling costs		3,324		8,878
Other		4,657		3,784
Total prepaid expenses and other current assets	$	20,538	$	27,461

Common Stock and Share-Based Compensation - Summary Of Weighted Average Assumptions used to Estimate Fair Value of Stock Options (Detail) - Time	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Dec. 25, 2021
Share-Based Payment Arrangement [Abstract]
Expected volatility	39.70%	38.00%	36.10%
Risk-free interest rate	3.96%	2.11%	1.45%
Expected dividends	0.00%	0.00%	0.00%
Exercise factor	2.3	3	2.6
Discount for post-vesting restrictions	0.00%	0.00%	0.00%

Third-Party Production Prepayments

12 Months Ended

Dec. 30, 2023

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Third Party Production Prepayments

I. Third-Party Production Prepayments

For fiscal years 2023, 2022, and 2021 the Company brewed and packaged approximately 71%, 65%, and 56%, respectively, of its volume at Company-owned breweries. The Company brewed and packaged approximately 22%, 26% and 32% of its volume across various City Brewing Company, LLC locations for fiscal 2023, 2022, and 2021, respectively. 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 up-front payments that were used for capital improvements at these third-party production facilities that it expenses over the period of the contracts. Under these production arrangements, there are minimum production quantities and the Company is obligated to pay shortfall fees for production quantity below those thresholds.

During fiscal 2021, the Company amended its master transaction agreement with City Brewing Company, LLC ("City Brewing") to ensure access to capacity at a new location and continued access at certain existing locations. The amendment became effective during the second quarter of fiscal year 2021, upon the closing of the purchase of the new location by City Brewing.

Total third-party production prepayments were $33.6 million and $61.3 million as of December 30, 2023 and December 31, 2022, respectively. The Company will expense the total prepaid amount of $33.6 million as of December 30, 2023, all of which relates to the master transaction agreement described above and other agreements with City Brewing, as a component of cost of goods sold over the contractual period ending December 31, 2025.

At current production volume projections, the Company believes that it will fall short of its future annual volume commitments at certain third-party production facilities, including those that are part of the master transaction agreement described above, 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 2023 and 2022, the Company recorded $9.5 million and $3.0 million, respectively, in shortfall fees. As of December 30, 2023, if volume for the remaining term of the production arrangements was zero, the contractual shortfall fees, with advance notice as specified in the related contractual agreements, would total approximately $106 million over the duration of the contracts which have expiration dates through December 31, 2031. At current volume projections and based on understandings reached with these third-party production facilities, the Company anticipates that it will recognize approximately $41 million of shortfall fees and expects to record those expenses as follows:


	Expected Shortfall Fees to be Incurred
	(in millions)
2024	$	13
2025		13
2026		3
2027		3
2028		2
Thereafter		7
Total shortfall fees expected to be incurred	$	41

On October 23, 2023, the Company amended its master transaction agreement with City Brewing to include a provision that required the Company, upon 30 days notice, to loan City Brewing $20 million for the purpose of buying packaging equipment at its Irwindale location. Notice was given by City Brewing on December 1, 2023. 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 loan plus an agreed investment return combined total $22.4 million, subject to applicable maximum interest laws, and 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 $3.0 million in 2024, $7.5 million in 2025 and $10.0 million in 2026 and thereafter.

Accumulated Other Comprehensive Loss

12 Months Ended

Dec. 30, 2023

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Loss

R. Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss represents cumulative currency translation adjustments and amounts of unrecognized actuarial gains or losses related to the Company sponsored defined benefit pension plan and post-retirement medical plan, net of tax effect. Changes in accumulated other comprehensive loss represent currency translation adjustments due to exchange rate fluctuations in the period and actuarial losses or gains, net of tax effect, recognized as components of net periodic benefit costs. The components of the accumulated other comprehensive loss was as follows as of::


	December 30,			December 31,
	2023			2022
	(in thousands)
Cumulative currency translation adjustments	$	(141	)	$	(307	)
Deferred benefit costs, net of tax		84			97
Total accumulated other comprehensive loss	$	(57	)	$	(210	)

Net Income per Share - Additional Information (Detail)	12 Months Ended
Net Income per Share - Additional Information (Detail)	Dec. 30, 2023 $ / shares shares	Dec. 31, 2022 $ / shares shares	Dec. 25, 2021 $ / shares shares	Dec. 26, 2020 shares
Earnings Per Share Note [Line Items]
Net income per common share - basic \| $ / shares	$ 6.23	$ 5.46	$ 1.19
Conversion ratio for Class B to Class A shares \| shares				1
Performance-Based Awards
Earnings Per Share Note [Line Items]
Number of shares not included because the performance criteria was not expected to be met \| shares	54,000	1,000	1,000
Common Class A
Earnings Per Share Note [Line Items]
Net income per common share - basic \| $ / shares	$ 6.23	$ 5.46	$ 1.19
Antidilutive securities excluded from computation of earnings per share \| shares	52,000	17,000	17,000
Common Class B
Earnings Per Share Note [Line Items]
Net income per common share - basic \| $ / shares	$ 6.23	$ 5.46	$ 1.19

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

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
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-Name Accounting Standards Codification
-Section 55
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482635/260-10-55-15

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (e)(4)
-Publisher FASB
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 1
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
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-Paragraph 11
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
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-URI https://asc.fasb.org//1943274/2147482689/260-10-45-2

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
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-Publisher FASB
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
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-Name Accounting Standards Codification
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-4

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
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-Name Accounting Standards Codification
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-Subparagraph (a)
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-10

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(25))
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
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-Name Accounting Standards Codification
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-Paragraph 1
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Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
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Reference 16: http://www.xbrl.org/2003/role/exampleRef
-Topic 260
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Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-7

Revolving Line of Credit - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Dec. 25, 2021
Debt Instrument [Line Items]
Commitment fee	0.20%
Credit facility, borrowing outstanding	$ 0		$ 0
EBITDA to interest expense ratio	1,680.1
EBITDA to interest expense, minimum allowable ratio	2.0
Total funded debt to EBITDA ratio	0.0
Total funded debt to EBITDA, maximum allowable ratio	2.5
Proceeds from Line of Credit		$ 30,000,000
Repayment of Line of Credit		30,000,000
Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit, current borrowing capacity		$ 150,000,000
Line of credit, expiration date		Dec. 16, 2027
Repayment of Line of Credit		$ 30,000,000.0
Payments of interest expenses on borrowings		$ 18,000,000
Revolving Credit Facility \| SOFR
Debt Instrument [Line Items]
Debt interest rate at end of period	5.40%
Basis spread on variable rate		1.10%

Fair Value Measurements

12 Months Ended

Dec. 30, 2023

Fair Value Disclosures [Abstract]

Fair Value Measurements

N. Fair Value Measurements

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 investments in 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, accounts payable, and accrued expenses are carried at their cost, which approximates fair value, because of their short-term nature.

At December 30, 2023 and December 31, 2022, the Company had funds invested in 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 December 30, 2023 and December 31, 2022, the Company’s cash and cash equivalents balance was $298.5 million and $180.6 million, respectively, including money market funds amounting to $291.5 million and $174.2 million, respectively.

Non-Recurring Fair Value Measurement

The fair value of the Company's Dogfish Head trademark intangible assets is classified within Level 3 of the fair value hierarchy because there are no observable inputs of market activity. When performing a quantitative assessment for impairment of the trademark asset, the Company measures the amount of impairment by calculating the amount by which the carrying value of the trademark asset exceeds its estimated fair value. The estimated fair value is determined based on an income approach using the relief from royalty method, which assumes that, in lieu of ownership, a third party would be willing to pay a royalty in order to exploit the related benefits of the trademark asset. The cash flow projections the Company uses to estimate the fair value of its Dogfish Head trademark intangible asset involves several assumptions, including (i) projected revenue growth, (ii) an estimated royalty rate, (iii) after-tax royalty savings expected from ownership of the trademark and (iv) a discount rate used to derive the estimated fair value of the trademark asset.

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.

Fair Value Measurements - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 30, 2023	Dec. 31, 2022	Dec. 25, 2021
Fair Value Disclosures [Abstract]
Cash and cash equivalents	$ 298,491	$ 180,560	$ 26,853
Money market fund	$ 291,500	$ 174,200

Leases

12 Months Ended

Dec. 30, 2023

Leases [Abstract]

Leases

G. Leases

The Company has various lease agreements in place for facilities and equipment. Terms of these leases include, in some instances, scheduled rent increases, renewals, purchase options, and maintenance costs, and vary by lease. These lease obligations expire at various dates through 2034. As the rate implicit in each lease is not readily determinable, the Company uses its incremental borrowing rate based on information available at lease commencement to determine the present value of the lease payments. Leases with an initial term of 12 months or less (“short-term leases”) are not recorded on the balance sheet and are recognized on a straight-line basis over the lease term. Total right-of-use ("ROU") assets and lease liabilities were as follows at:


	Classification	Leases
		December 30, 2023		December 31, 2022
		(in thousands)
Right-of-use assets
Operating lease assets	Operating right-of-use assets	$	35,559	$	43,768
Finance lease assets	Property, plant, and equipment, net		2,680		1,424
Lease Liabilities
Current
Operating lease liabilities	Current operating lease liabilities		9,113		8,866
Finance lease liabilities	Accrued expenses and other current liabilities		1,257		935
Non-current
Operating lease liabilities	Non-current operating lease liabilities		36,161		45,274
Finance lease liabilities	Other liabilities		1,451		524

The gross value and accumulated depreciation of ROU assets related to finance leases were as follows at:


	Finance Leases
	December 30, 2023			December 31, 2022
	(in thousands)
Gross value	$	6,134		$	5,998
Accumulated amortization		(3,454	)		(4,574	)
Carrying value	$	2,680		$	1,424

Components of lease cost for the fiscal year-ended are as follows at:



	Fiscal years ended
	December 30, 2023		December 31, 2022		December 25, 2021
	(in thousands)
Operating lease cost:
Amortization of right-of-use assets	$	8,339	$	9,978	$	10,283
Variable lease costs not included in liability		606		702		1,132
Total operating lease cost	$	8,945	$	10,680	$	11,415
Finance lease cost:
Amortization of right-of-use assets	$	1,568	$	1,590	$	1,493
Interest on lease liabilities		138		71		121
Total finance lease cost	$	1,706	$	1,661	$	1,614

Additionally, during 2023 and 2022, the Company recorded impairment charges on right-of use assets of $0.4 million and $0.2 million, respectively, included within impairment of brewery assets within the Company's consolidated statements of comprehensive income.

Maturities of lease liabilities as of December 30, 2023 are as follows:


	Operating			Finance			Weighted- Average Remaining Term in Years
	Leases			Leases			Operating Leases		Finance Leases
				(in thousands)
2024	$	10,529		$	1,367
2025		7,102			1,109
2026		6,671			391
2027		6,122			8
2028		6,039			—
Thereafter		14,746			—
Total lease payments		51,209			2,875
Less imputed interest (based on 3.5% weighted-average discount rate)		(5,935	)		(167	)
Present value of lease liabilities	$	45,274		$	2,708			6.8	2.2

Subsequent Events - Additional Information (Detail) - USD ($)	Jan. 02, 2024	Dec. 30, 2023	Dec. 25, 2021
Subsequent Event [Line Items]
Line of credit		$ 0	$ 0
Subsequent Events \| Loan and Security agreement
Subsequent Event [Line Items]
Line of credit	$ 20,000,000

The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

Significant Components of Income Tax (Benefit) Provision

Income Taxes (Tables)

12 Months Ended

Dec. 30, 2023

Income Tax Disclosure [Abstract]

Significant components of the income tax provision (benefit) for fiscal 2023, 2022, and 2021 were as follows:


	2023			2022		2021
	(in thousands)
Current:
Federal	$	36,556		$	10,453	$	(4,473	)
State		7,650			4,683		2,078
Total current		44,206			15,136		(2,395	)
Deferred:
Federal		(10,816	)		8,196		(2,762	)
State		(52	)		841		(2,487	)
Total deferred		(10,868	)		9,037		(5,249	)
Total income tax provision (benefit)	$	33,338		$	24,173	$	(7,644	)

Reconciliations to Statutory Rates

The reconciliations to statutory rates for fiscal 2023, 2022, and 2021 were as follows:


	2023			2022			2021
Statutory rate		21.0	%		21.0	%		21.0	%
State income taxes, net of federal benefit		4.8			4.1			11.0
Non-deductible compensation under Internal Revenue Code Section 162(m)		3.4			0.2			5.7
Non-deductible meals & entertainment		1.2			0.6			5.6
Change in valuation allowance		1.0			1.2			21.9
Deduction relating to excess stock-based compensation		0.1			(0.9	)		(153.8	)
Change in unrecognized tax benefits (including interest and penalty)		0.1			—			(8.7	)
Federal and state provision to return		0.0			(0.2	)		(7.1	)
Other		(1.2	)		0.4			(6.3	)
		30.4	%		26.4	%		(110.7	)%

Significant Components of Company's Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax assets and liabilities were as follows at:


	December 30, 2023			December 31, 2022
	(in thousands)
Deferred tax assets:
Lease liabilities	$	12,034		$	13,994
Stock-based compensation expense		8,062			7,441
Accrued expenses		7,100			4,609
Inventory reserves		4,689			8,595
Loss carryforwards		1,864			968
Tax credit carryforwards		689			813
Accrued commitments for inventory at vendor locations		108			1,799
Other		983			1,833
Total deferred tax assets		35,529			40,052
Valuation allowance		(5,808	)		(4,600	)
Total deferred tax assets, net of valuation allowance		29,721			35,452
Deferred tax liabilities:
Property, plant, and equipment		(90,372	)		(103,561	)
Right-of-use assets		(9,590	)		(11,375	)
Intangible assets amortization		(8,244	)		(10,373	)
Prepaid expenses		(7,236	)		(6,735	)
Total deferred tax liabilities		(115,442	)		(132,044	)
Net deferred tax liabilities	$	(85,721	)	$	(96,592	)

Reconciliation of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits for fiscal 2023 and 2022 was as follows:


	2023			2022
	(in thousands)
Balance at beginning of period	$	243		$	232
Increases related to current period tax positions		69			41
Increases (decreases) related to prior period tax positions		4			(30	)
Decreases related to lapse of statute of limitations		(13	)		—
Balance at end of period	$	303		$	243

Consolidated Statements of Stockholders' Equity (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Dec. 25, 2021
Statement of Stockholders' Equity [Abstract]
Defined benefit plans liability adjustment, tax	$ 1	$ 95	$ 20

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. 26, 2020	$ 956,967		$ 100	$ 22	$ 599,737	$ (252)	$ 357,360
Balance (ASU 2019-12) at Dec. 26, 2020		$ (55)						$ (55)
Balance (in shares) at Dec. 26, 2020			10,005,000	2,178,000
Net Income (Loss)	14,553						14,553
Stock options exercised and restricted shares activities	(6,729)		$ 1		(6,730)
Stock options exercised and restricted shares activities (in shares)			69,000
Stock-based compensation expense	18,615				18,615
Conversion from Class B to Class A			$ 1	$ (1)
Conversion from Class B to Class A (in shares)			110,000	(110,000)
Defined benefit plans liability adjustment, net of tax	90					90
Foreign currency translation adjustment	(32)					(32)
Balance at Dec. 25, 2021	983,409		$ 102	$ 21	611,622	(194)	371,858
Balance (in shares) at Dec. 25, 2021			10,184,000	2,068,000
Net Income (Loss)	67,263						67,263
Stock options exercised and restricted shares activities	3,905				3,905
Stock options exercised and restricted shares activities (in shares)			54,000
Stock-based compensation expense	13,988				13,988
Defined benefit plans liability adjustment, net of tax	253					253
Foreign currency translation adjustment	(269)					(269)
Balance at Dec. 31, 2022	1,068,549		$ 102	$ 21	629,515	(210)	439,121
Balance (in shares) at Dec. 31, 2022			10,238,000	2,068,000
Net Income (Loss)	76,250						76,250
Repurchase and retirement of Class A Common Stock	(93,805)		$ (2)				(93,803)
Repurchase and retirement of Class A Common Stock (in shares)			(276,000)
Stock options exercised and restricted shares activities	$ 9,811				9,811
Stock options exercised and restricted shares activities (in shares)	50,211		71,000
Stock-based compensation expense	$ 16,971				16,971
Defined benefit plans liability adjustment, net of tax	(13)					(13)
Foreign currency translation adjustment	166					166
Balance at Dec. 30, 2023	$ 1,077,929		$ 100	$ 21	$ 656,297	$ (57)	$ 421,568
Balance (in shares) at Dec. 30, 2023			10,033,000	2,068,000

Summary of Property, Plant and Equipment (Detail) - USD ($) $ in Thousands	Dec. 30, 2023	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Machinery and plant equipment	$ 777,185	$ 760,895
Building and building improvements	247,384	237,561
Leasehold improvements	74,603	75,260
Kegs	58,492	58,492
Office equipment and furniture	40,723	36,935
Land	25,752	25,777
Assets under construction	66,700	41,323
Property, plant and equipment, gross	1,290,839	1,236,243
Less accumulated depreciation	(648,330)	(568,334)
Property, plant and equipment, net	$ 642,509	$ 667,909

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 30, 2023	Dec. 31, 2022
Current Assets:
Cash and cash equivalents	$ 298,491	$ 180,560
Accounts receivable	66,997	56,672
Inventories	115,773	148,450
Prepaid expenses and other current assets	20,538	27,461
Income tax receivable	1,711	10,126
Total current assets	503,510	423,269
Property, plant and equipment, net	642,509	667,909
Operating right-of-use assets	35,559	43,768
Goodwill	112,529	112,529
Intangible assets	59,644	76,324
Third-party production prepayments	33,581	61,339
Other assets	42,661	35,635
Total assets	1,429,993	1,420,773
Current Liabilities:
Accounts payable	87,245	84,248
Accrued expenses and other current liabilities	126,930	111,153
Current operating lease liabilities	9,113	8,866
Total current liabilities	223,288	204,267
Deferred income taxes, net	85,721	96,592
Non-current operating lease liabilities	36,161	45,274
Other liabilities	6,894	6,091
Total liabilities	352,064	352,224
Commitments and Contingencies (See Note M)
Stockholders’ Equity:
Additional paid-in capital	656,297	629,515
Accumulated other comprehensive loss	(57)	(210)
Retained earnings	421,568	439,121
Total stockholders’ equity	1,077,929	1,068,549
Total liabilities and stockholders’ equity	1,429,993	1,420,773
Common Class A
Stockholders’ Equity:
Common Stock	100	102
Common Class B
Stockholders’ Equity:
Common Stock	$ 21	$ 21

Inventories

12 Months Ended

Dec. 30, 2023

Inventory Disclosure [Abstract]

Inventories

D. Inventories

Inventories consisted of the following as of:


	December 30, 2023		December 31, 2022
	(in thousands)
Current inventory:
Raw materials	$	55,116	$	81,225
Work in process		18,750		20,374
Finished goods		41,907		46,851
Total current inventory		115,773		148,450
Long term inventory		14,369		13,192
Total inventory	$	130,142	$	161,642

As of December 30, 2023 and December 31, 2022, the Company has recorded inventory obsolescence reserves of $7.6 million and $22.0 million, respectively. The reduction in inventory obsolescence reserves was primarily driven by the destruction of previously reserved inventory and improved supply chain processes that resulted in less obsolescence in fiscal 2023.

Income Taxes

12 Months Ended

Dec. 30, 2023

Income Tax Disclosure [Abstract]

Income Taxes

L. Income Taxes

Significant components of the income tax provision (benefit) for fiscal 2023, 2022, and 2021 were as follows:


	2023			2022		2021
	(in thousands)
Current:
Federal	$	36,556		$	10,453	$	(4,473	)
State		7,650			4,683		2,078
Total current		44,206			15,136		(2,395	)
Deferred:
Federal		(10,816	)		8,196		(2,762	)
State		(52	)		841		(2,487	)
Total deferred		(10,868	)		9,037		(5,249	)
Total income tax provision (benefit)	$	33,338		$	24,173	$	(7,644	)

The reconciliations to statutory rates for fiscal 2023, 2022, and 2021 were as follows:


	2023			2022			2021
Statutory rate		21.0	%		21.0	%		21.0	%
State income taxes, net of federal benefit		4.8			4.1			11.0
Non-deductible compensation under Internal Revenue Code Section 162(m)		3.4			0.2			5.7
Non-deductible meals & entertainment		1.2			0.6			5.6
Change in valuation allowance		1.0			1.2			21.9
Deduction relating to excess stock-based compensation		0.1			(0.9	)		(153.8	)
Change in unrecognized tax benefits (including interest and penalty)		0.1			—			(8.7	)
Federal and state provision to return		0.0			(0.2	)		(7.1	)
Other		(1.2	)		0.4			(6.3	)
		30.4	%		26.4	%		(110.7	)%

Significant components of the Company’s deferred tax assets and liabilities were as follows at:


	December 30, 2023			December 31, 2022
	(in thousands)
Deferred tax assets:
Lease liabilities	$	12,034		$	13,994
Stock-based compensation expense		8,062			7,441
Accrued expenses		7,100			4,609
Inventory reserves		4,689			8,595
Loss carryforwards		1,864			968
Tax credit carryforwards		689			813
Accrued commitments for inventory at vendor locations		108			1,799
Other		983			1,833
Total deferred tax assets		35,529			40,052
Valuation allowance		(5,808	)		(4,600	)
Total deferred tax assets, net of valuation allowance		29,721			35,452
Deferred tax liabilities:
Property, plant, and equipment		(90,372	)		(103,561	)
Right-of-use assets		(9,590	)		(11,375	)
Intangible assets amortization		(8,244	)		(10,373	)
Prepaid expenses		(7,236	)		(6,735	)
Total deferred tax liabilities		(115,442	)		(132,044	)
Net deferred tax liabilities	$	(85,721	)	$	(96,592	)

The Company’s policy is to classify interest and penalties related to income tax matters in income tax expense. Interest and penalties included in the provision for income taxes amounted to $0.1 million in fiscal year 2023, and $0 in each of the fiscal years 2022, and 2021. Accrued interest and penalties amounted to $0.2 million at December 30, 2023 and December 31, 2022.

A reconciliation of the beginning and ending amount of unrecognized tax benefits for fiscal 2023 and 2022 was as follows:


	2023			2022
	(in thousands)
Balance at beginning of period	$	243		$	232
Increases related to current period tax positions		69			41
Increases (decreases) related to prior period tax positions		4			(30	)
Decreases related to lapse of statute of limitations		(13	)		—
Balance at end of period	$	303		$	243

Included in the balance of unrecognized tax benefits at December 30, 2023 and December 31, 2022 are potential net benefits of $0.3 million and $0.2 million, respectively, that would favorably impact the effective tax rate if recognized. Unrecognized tax benefits are included in accrued expenses in the accompanying consolidated balance sheets and adjusted in the period in which new information about a tax position becomes available or the final outcome differs from the amount recorded.

As of December 30, 2023, the Company’s 2020, 2021, and 2022 federal income tax returns remain subject to examination by the IRS. The Company’s state income tax returns remain subject to examination for three or four years depending on the state’s statute of limitations. In addition, the Company is generally obligated to report changes in taxable income arising from federal income tax audits. The Company is not currently under any income tax audits as of December 30, 2023.

As of December 30, 2023, the Company’s deferred tax assets include a valuation allowance of $5.8 million, compared to $4.6 million at December 31, 2022. The valuation allowance as of December 30, 2023 and December 31, 2022 was primarily related to stock-based compensation expected by management to be non-deductible under Internal Revenue Code, Section 162(m), as well as jurisdictional losses not expected to be utilized before expiring. The net increase in total valuation allowance was $1.2 million from December 31, 2022 to December 30, 2023, compared to a net increase of $1.3 million from December 25, 2021 to December 31, 2022.

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.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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Summary of Accrued Expenses and Other Current Liabilities (Detail) - USD ($) $ in Thousands	Dec. 30, 2023	Dec. 31, 2022
Payables and Accruals [Abstract]
Employee wages, benefits, and reimbursements	$ 49,446	$ 31,449
Advertising, promotional and selling expenses	18,950	18,915
Accrued deposits	13,425	13,090
Accrued inventory and production related costs	9,775	17,986
Deferred revenue	8,895	6,840
Accrued returns	8,240	5,580
Accrued taxes	6,757	7,229
Other	11,442	10,064
Total accrued expenses and other current liabilities	$ 126,930	$ 111,153

Cover Page - USD ($) $ in Thousands	12 Months Ended
Cover Page - USD ($) $ in Thousands	Dec. 30, 2023	Feb. 23, 2024	Jun. 30, 2023
Document Information [Line Items]
Document Annual Report	true
Document Transition Report	false
Document Type	10-K
Document Period End Date	Dec. 30, 2023
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Registrant Name	THE BOSTON BEER COMPANY, INC.
Entity Interactive Data Current	Yes
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Small Business	false
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
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	2023
Document Fiscal Period Focus	FY
Entity Central Index Key	0000949870
Current Fiscal Year End Date	--12-30
Trading Symbol	SAM
Security Exchange Name	NYSE
Title of 12(b) Security	Class A Common Stock
Document Financial Statement Error Correction [Flag]	false
Entity Public Float			$ 2,937,590
Documents Incorporated by Reference	Certain parts of the registrant’s definitive Proxy Statement for its 2024 Annual Meeting to be held on May 7, 2024 are incorporated by reference into Part III of this report.
Auditor Name	Deloitte & Touche LLP
Auditor Location	Boston, Massachusetts
Auditor Firm ID	34
Common Class A
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		9,956,520
Common Class B
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		2,068,000

Goodwill and Intangible Assets - Schedule of Intangible Assets (Detail) - USD ($) $ in Thousands	Dec. 30, 2023	Dec. 31, 2022
Gross Carrying Value	$ 60,784	$ 77,210
Accumulated Amortization	(1,140)	(886)
Net Book Value	$ 59,644	76,324
Customer Relationships
Estimated Useful Life	15 years
Gross Carrying Value	$ 3,800	3,800
Accumulated Amortization	(1,140)	(886)
Net Book Value	2,660	2,914
Trademarks
Gross Carrying Value	56,984	73,410
Net Book Value	$ 56,984	$ 73,410

Significant Components of Income Tax (Benefit) Provision (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Dec. 25, 2021
Current:
Federal	$ 36,556	$ 10,453	$ (4,473)
State	7,650	4,683	2,078
Total current	44,206	15,136	(2,395)
Deferred:
Federal	(10,816)	8,196	(2,762)
State	(52)	841	(2,487)
Total deferred	(10,868)	9,037	(5,249)
Total income tax provision (benefit)	$ 33,338	$ 24,173	$ (7,644)

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

Share-Based Payment Arrangement [Abstract]

Common Stock and Share-Based Compensation (Tables)

12 Months Ended

Dec. 30, 2023

Summary of Stock Options under Equity Plan and Non-Employee Director Plan

Information related to stock options under the Equity Plan and the Non-Employee Director Plan is summarized as follows:


	Shares			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term in Years		Aggregate Intrinsic Value (in thousands)
Vested and expected to vest at December 31, 2022		204,245		$	334.26
Granted		60,995			326.17
Exercised		(50,211	)		200.62
Cancelled/Forfeited		(5,756	)		396.86
Expired		(1,463	)		464.33
Outstanding at December 30, 2023		207,810		$	361.53		6.14	$	11,419
Exercisable at December 30, 2023		110,193		$	288.62		4.23	$	9,830
Vested and expected to vest at December 30, 2023		175,897		$	350.85		5.75	$	11,101

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 consolidated statements of comprehensive income:


	2023		2022		2021
	(in thousands)
Amounts included in general and administrative expenses	$	10,370	$	8,804	$	13,003
Amounts included in advertising, promotional, and selling expenses		6,601		5,184		5,612
Total stock-based compensation expense	$	16,971	$	13,988	$	18,615
Amounts related to performance-based stock awards included in total stock-based compensation expense	$	2,518	$	1,198	$	3,384

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 fir fiscal 2023, 2022, and 2021 was as follows:


	2023			2022			2021
Expected volatility		39.7	%		38.0	%		36.1	%
Risk-free interest rate		3.96	%		2.11	%		1.45	%
Expected dividends		0	%		0	%		0	%
Exercise factor	2.3 times			3.0 times			2.6 times
Discount for post-vesting restrictions		0.0	%		0.0	%		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 31, 2022		91,211		$	423.60
Granted		65,920			306.04
Vested		(27,640	)		341.57
Forfeited		(14,694	)		358.43
Non-vested at December 30, 2023		114,797		$	373.56

Common Stock and Share-Based Compensation - Stock-Based Compensation Expense Included in Operating Expenses (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Dec. 25, 2021
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	$ 16,971	$ 13,988	$ 18,615
Performance-Based Awards
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	2,518	1,198	3,384
Advertising, promotional and selling expenses
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	6,601	5,184	5,612
General and administrative expenses
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	$ 10,370	$ 8,804	$ 13,003

Summary of Valuation and Qualifying Accounts (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Dec. 25, 2021
Valuation And Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period	$ 5,600
Balance at End of Period	8,200	$ 5,600
Allowance for Credit Losses
Valuation And Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period	418	353	$ 535
Net Provision (Recovery)	15	326	182
Amounts Charged Against Reserves	(6)	(261)	(364)
Balance at End of Period	427	418	353
Discount Accrual
Valuation And Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period	8,179	11,221	9,357
Net Provision (Recovery)	62,620	54,825	72,680
Amounts Charged Against Reserves	(62,846)	(57,867)	(70,816)
Balance at End of Period	7,953	8,179	11,221
Inventory Obsolescence Reserve
Valuation And Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period	21,976	43,055	6,331
Net Provision (Recovery)	19,328	35,867	62,616
Amounts Charged Against Reserves	(33,664)	(56,946)	(25,892)
Balance at End of Period	7,640	21,976	43,055
Stale Beer Reserve
Valuation And Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period	5,580	6,045	3,092
Net Provision (Recovery)	18,772	19,589	9,537
Amounts Charged Against Reserves	(16,112)	(20,054)	(6,584)
Balance at End of Period	$ 8,240	$ 5,580	$ 6,045

Related Party Transactions

12 Months Ended

Dec. 30, 2023

Related Party Transactions

U. Related Party Transactions

The Company has entered into 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 was approximately $366,000, $366,000 and $348,000 for fiscal 2023, 2022, and 2021, respectively. Other related party expenses and transactions totaled less than $0.1 million for fiscal 2023, 2022, and 2021.

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Third-Party Production Prepayments (Tables)

12 Months Ended

Dec. 30, 2023

Schedule of Expected Shortfall Fees to be Incurred

expects to record those expenses as follows:


	Expected Shortfall Fees to be Incurred
	(in millions)
2024	$	13
2025		13
2026		3
2027		3
2028		2
Thereafter		7
Total shortfall fees expected to be incurred	$	41

Net Income per Share (Tables)

12 Months Ended

Dec. 30, 2023

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:


	December 30,		December 31,		December 25,
	2023		2022		2021
	(in thousands, except per share data)
Net Income	$	76,250	$	67,263	$	14,553
Allocation of net income for basic:
Class A Common Stock	$	63,216	$	55,812	$	11,995
Class B Common Stock		12,880		11,293		2,506
Unvested participating shares		154		158		52
	$	76,250	$	67,263	$	14,553
Weighted average number of shares for basic:
Class A Common Stock		10,150		10,221		10,121
Class B Common Stock*		2,068		2,068		2,115
Unvested participating shares		25		28		44
		12,243		12,317		12,280
Net income per share for basic:
Class A Common Stock	$	6.23	$	5.46	$	1.19
Class B Common Stock	$	6.23	$	5.46	$	1.19

*Changes in Class B Common Stock resulted from the conversion to Class A Common stock during fiscal 2022 as disclosed in the Company's consolidated statements of stockholders' equity.

Computation of Earnings Per Share, Diluted

The following tables set forth the computation of diluted net income per share, assuming the conversion of all Class B Common Stock into Class A Common Stock:


	Fiscal year ended December 30, 2023
	Earnings to Common Shareholders		Common Shares		EPS
	(in thousands, except per share data)
As reported - basic	$	63,216		10,150	$	6.23
Add: effect of dilutive potential common shares
Share-based awards		—		40
Class B Common Stock		12,880		2,068
Net effect of unvested participating shares		—		—
Net income per common share - diluted	$	76,096	$	12,258	$	6.21


	Fiscal year ended December 31, 2022
	Earnings to Common Shareholders		Common Shares		EPS
	(in thousands, except per share data)
As reported - basic	$	55,812		10,221	$	5.46
Add: effect of dilutive potential common shares
Share-based awards		—		56
Class B Common Stock		11,293		2,068
Net effect of unvested participating shares		1		—
Net income per common share - diluted	$	67,106		12,345	$	5.44


	Fiscal year ended December 25, 2021
	Earnings to Common Shareholders		Common Shares		EPS
	(in thousands, except per share data)
As reported - basic	$	11,995		10,121	$	1.19
Add: effect of dilutive potential common shares
Share-based awards		—		138
Class B Common Stock		2,506		2,115
Net effect of unvested participating shares		52		62
Net income per common share - diluted	$	14,553		12,436	$	1.17

Inventories (Tables)

12 Months Ended

Dec. 30, 2023

Inventory Disclosure [Abstract]

Components of Inventories

Inventories consisted of the following as of:


	December 30, 2023		December 31, 2022
	(in thousands)
Current inventory:
Raw materials	$	55,116	$	81,225
Work in process		18,750		20,374
Finished goods		41,907		46,851
Total current inventory		115,773		148,450
Long term inventory		14,369		13,192
Total inventory	$	130,142	$	161,642

Valuation and Qualifying Accounts (Tables)

12 Months Ended

Dec. 30, 2023

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

Summary of Valuation and Qualifying Accounts

In addition, the Company maintains a reserve for estimated returns of stale beer, which is included in accrued expenses.


Allowance for Credit Losses	Balance at Beginning of Period		Net Provision (Recovery)		Amounts Charged Against Reserves			Balance at End of Period
	(In thousands)
2023	$	418	$	15	$	(6	)	$	427
2022	$	353	$	326	$	(261	)	$	418
2021	$	535	$	182	$	(364	)	$	353


Discount Accrual	Balance at Beginning of Period		Net Provision (Recovery)		Amounts Charged Against Reserves			Balance at End of Period
	(In thousands)
2023	$	8,179	$	62,620	$	(62,846	)	$	7,953
2022	$	11,221	$	54,825	$	(57,867	)	$	8,179
2021	$	9,357	$	72,680	$	(70,816	)	$	11,221


Inventory Obsolescence Reserve	Balance at Beginning of Period		Net Provision (Recovery)		Amounts Charged Against Reserves			Balance at End of Period
	(In thousands)
2023	$	21,976	$	19,328	$	(33,664	)	$	7,640
2022	$	43,055	$	35,867	$	(56,946	)	$	21,976
2021	$	6,331	$	62,616	$	(25,892	)	$	43,055


Stale Beer Reserve	Balance at Beginning of Period		Net Provision (Recovery)		Amounts Charged Against Reserves			Balance at End of Period
	(In thousands)
2023	$	5,580	$	18,772	$	(16,112	)	$	8,240
2022	$	6,045	$	19,589	$	(20,054	)	$	5,580
2021	$	3,092	$	9,537	$	(6,584	)	$	6,045

Leases - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022
Lease, Cost [Abstract]
Impairment charges on right-of use assets	$ 0.4	$ 0.2

Goodwill and Intangible Assets

12 Months Ended

Dec. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

H. Goodwill and Intangible Assets

Goodwill. No impairment of goodwill was recorded in any period.

Intangible assets. The Company's annual impairment testing occurs as of September 1 each year. During fiscal 2023, the Company evaluated the continuing negative trends of the Dogfish Head brand, including slower growth rates resulting from increased competition and updated its long-term financial forecasts for the Dogfish Head brand. These updated forecasts for the brand included reductions in revenues from the continuing negative trends in the brands’ beer products and the overall slowing craft beer industry sector which were partially offset by increases in revenues from the brands’ emerging canned cocktail products. As a result of performing this assessment, the Dogfish Head trademark asset with a carrying value of $71.4 million was written down to its estimated fair value of $55.6 million, resulting in an impairment of $15.8 million which was recorded during the third quarter of 2023. Additionally during the third quarter of 2023, an impairment of $0.6 million was recorded on other intangible assets. During fiscal 2022, an impairment of $27.1 million was recorded to reduce the carrying value of the Dogfish Head trademark asset from $98.5 million to $71.4 million.

The Company’s intangible assets were as follows:


			As of December 30, 2023							As of December 31, 2022
	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	$	(1,140	)	$	2,660	$	3,800	$	(886	)	$	2,914
Trademarks	Indefinite			56,984		—			56,984		73,410		—			73,410
Total intangible assets			$	60,784	$	(1,140	)	$	59,644	$	77,210	$	(886	)	$	76,324

Amortization expense was approximately $253,000 in fiscal 2023, 2022, and 2021. The Company expects to record amortization expense as follows over the subsequent years:


Fiscal Year	Amount (in thousands)
2024	$	253
2025		253
2026		253
2027		253
2028		253
Thereafter		1,395
Total amortization to be recorded	$	2,660

Subsequent Events

12 Months Ended

Dec. 30, 2023

Subsequent Events [Abstract]

Subsequent Events

V. Subsequent Events

See Note I to the Consolidated Financial Statements of this Form 10-K for discussion of the $20 million loan to City Brewing on January 2, 2024. See Note T to the Consolidated Financial Statements of this Form 10-K for discussion of the February 24, 2024 amendment to the Company's agreements with Pepsi. The Company evaluated subsequent events occurring after the balance date, December 30, 2023, through the issuance of these financial statements and concluded that there were no other

events of which management was aware that occurred that would require any adjustment to or disclosure in the accompanying consolidated financial statements.

Leases - ROU assets and lease liabilities (Detail) - USD ($) $ in Thousands	Dec. 30, 2023	Dec. 31, 2022
Right-of-use assets
Operating lease assets	$ 35,559	$ 43,768
Finance lease assets	$ 2,680	$ 1,424
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Property, Plant and Equipment, Net	Property, Plant and Equipment, Net
Current
Operating lease liabilities	$ 9,113	$ 8,866
Finance lease liabilities	$ 1,257	$ 935
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued Liabilities and Other Liabilities	Accrued Liabilities and Other Liabilities
Non-current
Operating lease liabilities	$ 36,161	$ 45,274
Finance lease liabilities	$ 1,451	$ 524
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other Liabilities, Noncurrent	Other Liabilities, Noncurrent

Common Stock and Share-Based Compensation - Summary of Vesting Activities for Investment Share Program and Restricted Stock Awards (Detail)	12 Months Ended
	Dec. 30, 2023 $ / shares shares
Share-Based Payment Arrangement [Abstract]
Non-vested at beginning of period \| shares	91,211
Granted \| shares	65,920
Vested \| shares	(27,640)
Forfeited \| shares	(14,694)
Non-vested at end of period \| shares	114,797
Non-vested at beginning of period \| $ / shares	$ 423.60
Granted \| $ / shares	306.04
Vested \| $ / shares	341.57
Forfeited \| $ / shares	358.43
Non-vested at end of period \| $ / shares	$ 373.56

Prepaid Expenses and Other Current Assets

12 Months Ended

Dec. 30, 2023

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Prepaid Expenses and Other Current Assets

E. Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following as of:


	December 30, 2023		December 31, 2022
	(in thousands)
Prepaid taxes	$	5,536	$	6,753
Prepaid software and consulting fees		3,627		4,549
Prepaid insurance		3,394		3,497
Prepaid advertising, promotional and selling costs		3,324		8,878
Other		4,657		3,784
Total prepaid expenses and other current assets	$	20,538	$	27,461

Reconciliation of Unrecognized Tax Benefits (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Balance at beginning of period	$ 243	$ 232
Increases related to current period tax positions	69	41
Increases (decreases) related to prior period tax positions	4
(Decreases) related to prior period tax positions		(30)
Decreases related to lapse of statute of limitations	(13)
Balance at end of period	$ 303	$ 243

Employee Retirement Plans and Post-Retirement Medical Benefits

12 Months Ended

Dec. 30, 2023

Retirement Benefits [Abstract]

Employee Retirement Plans and Post-Retirement Medical Benefits

P. Employee Retirement Plans and Post-Retirement Medical Benefits

The Company’s workforce comprises mostly of non-union employees who are employed by Boston Beer Corporation, American Craft Brewery LLC, or Angry Orchard Cider Company, LLC. As of December 30, 2023, the Company had three unions at its Cincinnati Brewery: Local 1, Local 20, and Teamsters Local Union. No. 1199 (“Local Union 1199”). The Company has different retirement and post-retirement plans available to each group of employees. The Boston Beer Company 401(k) Plan (the “Boston Beer 401(k) Plan”) covers most non-union employees and all members of Local 1 and Local Union 1199. The Samuel Adams Cincinnati Brewery 401(k) Plan for Represented Employees (the “SACB 401(k) Plan”) covers members of Local 20. The Company additionally provides a supplement to eligible retirees from Local 1, Local 20, and Local Union 1199 to assist with the cost of Medicare gap coverage after their retirement on account of age or permanent disability (collectively, the “Retiree Medical Plan”). The Company previously offered a pension plan (the “Local 1199 Pension Plan”) to members of Local Union 1199 until the plan was terminated effective January 1, 2020.

Boston Beer 401(k) Plan

The Boston Beer 401(k) Plan, which was established by the Company in 1993, is a Company-sponsored defined contribution. Most non-union employees and all members of the Local 1 and Local 1199 unions are eligible to participate in the Plan immediately upon employment. Participants may make voluntary contributions up to 60% of their annual compensation, subject to IRS limitations. The Company matches each participant’s contribution. A maximum of 5% of compensation is taken into account in determining the amount of the match. In January 2020, the Company amended the Boston Beer 401(k) Plan to update the Company match as follows: 100% of the first 3% of the eligible compensation participants contribute. Thereafter, the Company matches 50% of the next 2% of the eligible compensation participants contribute. Beginning April 1, 2023, for Local 1 union members specifically, the Company match is 100% of the first 5% of the eligible contribution. The Company’s contributions to the Boston Beer 401(k) Plan amounted to $8.8 million, $7.6 million, and $7.4 million in fiscal years 2023, 2022, and 2021, respectively.

SACB 401(k) Plan

The “SACB 401(k) Plan”, which was established by the Company in 1997, is a Company-sponsored defined contribution plan. It is available to all members of Local 20 upon commencement of employment or, if later, attaining age 21. Participants may make voluntary contributions up to 60% of their annual compensation to the SACB 401(k) Plan, subject to IRS limitations. Company contributions for fiscal years 2023, 2022, and 2021 were insignificant.

Retiree Medical Plan

To qualify for this benefit, an eligible employee must have worked for at least 20 years for the Company or its predecessor at the Company’s Cincinnati Brewery as a part of one of its three unions, must have been enrolled in the Company’s group medical insurance plan for at least 5 years before retirement, and, in the case of retirees from Local 20, for at least 7 of the last 10 years of their employment, and must be eligible for Medicare benefits under the Social Security Act. The accumulated post-retirement benefit obligation was determined using a discount rate of 5.03% at December 30, 2023 and 5.22% at December 31, 2022 and a 2.50% health care cost increase based on the Cincinnati Consumer Price Index for the years 2023 and 2022. The effect of a 1% increase and the effect of a 1% decrease in the assumed health care cost trend rates on the aggregate of the service and interest cost components of net periodic post-retirement health care benefit costs and on the accumulated post-retirement benefit obligation for health care benefits would not be significant.

In addition, the comprehensive medical plan offered to currently employed members of Local 20 remains available to them should they retire after reaching age 57, and before reaching age 65, with at least 20 years of service with the Company or its predecessor at the Company’s Cincinnati Brewery. These eligible retirees may choose to continue to be covered under the Company’s comprehensive group medical plan until they reach the age when they are eligible for Medicare health benefits under the Social Security Act or coverage under a comparable State health benefit plan. Eligible retirees pay 100% of the cost of the coverage.

The funded status of the Retiree Medical Plan is as follows at:


	Retiree Medical Plan
	December 30, 2023		December 31, 2022

Benefit obligation at end of period	$	828	$	757
Unfunded Status	$	828	$	757

The entire disclosure for retirement benefits.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 70
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480794/715-70-50-1

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480482/715-20-55-17

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iv)(03)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (q)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (l)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//715/tableOfContent

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (o)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (p)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (r)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (r)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480126/715-20-S99-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 60
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480266/715-60-50-3

ROU assets and lease liabilities

Leases - Components of lease cost (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Dec. 25, 2021
Operating lease cost:
Amortization of right-of-use assets	$ 8,339	$ 9,978	$ 10,283
Variable lease costs not included in liability	606	702	1,132
Total operating lease cost	8,945	10,680	11,415
Finance lease cost:
Amortization of right-of-use asset	1,568	1,590	1,493
Interest on lease liabilities	138	71	121
Total finance lease cost	$ 1,706	$ 1,661	$ 1,614

Leases (Tables)

12 Months Ended

Dec. 30, 2023

Leases [Abstract]

Total right-of-use ("ROU") assets and lease liabilities were as follows at:


	Classification	Leases
		December 30, 2023		December 31, 2022
		(in thousands)
Right-of-use assets
Operating lease assets	Operating right-of-use assets	$	35,559	$	43,768
Finance lease assets	Property, plant, and equipment, net		2,680		1,424
Lease Liabilities
Current
Operating lease liabilities	Current operating lease liabilities		9,113		8,866
Finance lease liabilities	Accrued expenses and other current liabilities		1,257		935
Non-current
Operating lease liabilities	Non-current operating lease liabilities		36,161		45,274
Finance lease liabilities	Other liabilities		1,451		524

Schedule of gross value and accumulated depreciation of right of use assets

The gross value and accumulated depreciation of ROU assets related to finance leases were as follows at:


	Finance Leases
	December 30, 2023			December 31, 2022
	(in thousands)
Gross value	$	6,134		$	5,998
Accumulated amortization		(3,454	)		(4,574	)
Carrying value	$	2,680		$	1,424

Components of lease cost

Components of lease cost for the fiscal year-ended are as follows at:



	Fiscal years ended
	December 30, 2023		December 31, 2022		December 25, 2021
	(in thousands)
Operating lease cost:
Amortization of right-of-use assets	$	8,339	$	9,978	$	10,283
Variable lease costs not included in liability		606		702		1,132
Total operating lease cost	$	8,945	$	10,680	$	11,415
Finance lease cost:
Amortization of right-of-use assets	$	1,568	$	1,590	$	1,493
Interest on lease liabilities		138		71		121
Total finance lease cost	$	1,706	$	1,661	$	1,614

Maturities of lease liabilities

Maturities of lease liabilities as of December 30, 2023 are as follows:


	Operating			Finance			Weighted- Average Remaining Term in Years
	Leases			Leases			Operating Leases		Finance Leases
				(in thousands)
2024	$	10,529		$	1,367
2025		7,102			1,109
2026		6,671			391
2027		6,122			8
2028		6,039			—
Thereafter		14,746			—
Total lease payments		51,209			2,875
Less imputed interest (based on 3.5% weighted-average discount rate)		(5,935	)		(167	)
Present value of lease liabilities	$	45,274		$	2,708			6.8	2.2

Employee Retirement Plans and Post-Retirement Medical Benefits (Tables)

12 Months Ended

Dec. 30, 2023

Retirement Benefits [Abstract]

Funded Status of Retiree Medical Plan

The funded status of the Retiree Medical Plan is as follows at:


	Retiree Medical Plan
	December 30, 2023		December 31, 2022

Benefit obligation at end of period	$	828	$	757
Unfunded Status	$	828	$	757

Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of intangible assets

The Company’s intangible assets were as follows:


			As of December 30, 2023							As of December 31, 2022
	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	$	(1,140	)	$	2,660	$	3,800	$	(886	)	$	2,914
Trademarks	Indefinite			56,984		—			56,984		73,410		—			73,410
Total intangible assets			$	60,784	$	(1,140	)	$	59,644	$	77,210	$	(886	)	$	76,324

Schedule of amortization expense

The Company expects to record amortization expense as follows over the subsequent years:


Fiscal Year	Amount (in thousands)
2024	$	253
2025		253
2026		253
2027		253
2028		253
Thereafter		1,395
Total amortization to be recorded	$	2,660

Commitments and Contingencies - Additional Information (Detail) $ in Millions	12 Months Ended
	Dec. 30, 2023 USD ($) Vendor
Commitments and Contingencies Disclosure [Line Items]
Loss contingency, actions taken by court	The Court consolidated the two actions and on December 14, 2021 appointed a lead plaintiff, who filed an amended complaint on January 13, 2022. The Company’s Motion to Dismiss the Amended Complaint was granted by the Court on December 5, 2022. The plaintiff filed a notice of appeal on January 5, 2023. After briefing and oral argument on the appeal, the United States Court of Appeals for the Second Circuit affirmed the dismissal on November 22, 2023. The Mandate of the United States Court of Appeals was issued and transmitted to the District Court on December 15, 2023.
Barley, Wheat and Malt
Commitments and Contingencies Disclosure [Line Items]
Number of suppliers \| Vendor	4
Purchase commitments outstanding	$ 30.2
Hops
Commitments and Contingencies Disclosure [Line Items]
Purchase commitments	$ 10.5

Net Income per Share - Computation of Earnings Per Share, Basic (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Dec. 25, 2021
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net Income	$ 76,250	$ 67,263	$ 14,553
Allocation of net income for basic:
Allocation of net income for basic common stock	$ 76,250	$ 67,263	$ 14,553
Weighted average number of shares for basic:
Weighted-average number of common shares - basic	12,243	12,317	12,280
Net income per share for basic:
Net income per common share - basic	$ 6.23	$ 5.46	$ 1.19
Common Class A
Allocation of net income for basic:
Allocation of net income for basic common stock	$ 63,216	$ 55,812	$ 11,995
Weighted average number of shares for basic:
Weighted-average number of common shares - basic	10,150	10,221	10,121
Net income per share for basic:
Net income per common share - basic	$ 6.23	$ 5.46	$ 1.19
Common Class B
Allocation of net income for basic:
Allocation of net income for basic common stock	$ 12,880	$ 11,293	$ 2,506
Weighted average number of shares for basic:
Weighted-average number of common shares - basic	2,068	2,068	2,115
Net income per share for basic:
Net income per common share - basic	$ 6.23	$ 5.46	$ 1.19
Unvested participating shares
Allocation of net income for basic:
Allocation of net income for basic unvested participating shares	$ 154	$ 158	$ 52
Weighted average number of shares for basic:
Weighted-average number of common shares - basic	25	28	44

Third-Party Production Prepayments - Schedule of Expected Shortfall Fees to be Incurred (Detail) $ in Millions	Dec. 30, 2023 USD ($)
Contractual Obligation, Fiscal Year Maturity [Abstract]
2024	$ 13
2025	13
2026	3
2027	3
2028	2
Thereafter	7
Total shortfall fees expected to be incurred	$ 41

Recent Accounting Pronouncements

12 Months Ended

Dec. 30, 2023

Recent Accounting Pronouncements [Abstract]

Recent Accounting Pronouncements

C. Recent Accounting Pronouncements

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’s financial position, results of operations and cash flows or do not apply to the Company’s operations.

In November 2023, the FASB issued ASU 2023-07—Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. This ASU was issued to improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. This ASU applies to all public entities that are required to report segment information in accordance with Topic 280, Segment Reporting. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted and the standard should be applied retrospectively. ASU 2023-07 will be effective for the Company's fiscal year ending December 28, 2024. The Company does not anticipate the adoption of this ASU will have a material impact on its consolidated financial statements.

In December 2023, the FASB issued ASU 2023-09—Income 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. Early adoption is permitted. ASU 2023-09 will be effective for the Company in the first quarter of its fiscal year ending December 27, 2025. The Company is currently evaluating the impact the adoption of this ASU will have on its consolidated financial statements.

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.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Reference 33: http://www.xbrl.org/2003/role/disclosureRef
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Licensing Agreements - Additional Information (Detail) - Pepsi - Pepsi Licensing Agreement - USD ($) $ in Millions	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Transition of distributor networks	The transition of distributor networks is expected to begin in May of 2024 and extend into 2025.
Percentage of shipments of beverages under license agreement	2.00%	2.00%
Payments for proprietary ingredients, shipment of beverages and marketing services	$ 2.0	$ 2.5
Excess over fair market value	$ 0.1	$ 0.4

Revolving Line of Credit

12 Months Ended

Dec. 30, 2023

Debt Disclosure [Abstract]

Revolving Line of Credit

K. Revolving Line of Credit

During 2022, the Company amended its $150.0 million credit facility agreement, which now has a term not scheduled to expire until 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 ("SOFR") plus 1.1%. At December 30, 2023, the applicable SOFR was 5.4%. The Company incurs an annual commitment fee of 0.2% on the unused portion of the facility and is obligated to meet certain financial covenants, which are measured using earnings before interest, tax, depreciation, and amortization (“EBITDA”) based ratios. The Company’s EBITDA to interest expense ratio was 1,680.1 as of December 30, 2023, compared to a minimum allowable ratio of 2.0 and the Company’s total funded debt to EBITDA ratio was 0.0 as of December 30, 2023, compared to a maximum allowable ratio of 2.5. There were no borrowings, repayments, or interest payments during 2023 or 2021. During the year ended December 31, 2022, the Company borrowed and repaid $30.0 million on the credit facility and paid a total of approximately $18,000 in related interest. There were no borrowings outstanding under the credit facility as of December 30, 2023.

There are also certain restrictive covenants set forth in the credit agreement. Pursuant to the negative covenants, the Company has agreed that it will not: enter into any indebtedness or guarantees other than those specified by the lender, enter into any sale and leaseback transactions, merge, consolidate, or dispose of significant assets without the lender’s prior written consent, make or maintain any investments other than those permitted in the credit agreement, or enter into any transactions with affiliates outside of the ordinary course of business. In addition, the credit agreement requires the Company to obtain prior written consent from the lender on distributions on account of, or in repurchase, retirement or purchase of its capital stock or other equity interests with the exception of the following: (a) distributions of capital stock from subsidiaries to The Boston Beer Company, Inc. and Boston Beer Corporation (a subsidiary of The Boston Beer Company, Inc.), (b) repurchase from former employees of non-vested investment shares of Class A Common Stock, issued under the Employee Equity Incentive Plan, and (c) redemption of shares of Class A Common Stock as approved by the Board of Directors and payment of cash dividends to its holders of common stock. Borrowings under the credit facility may be used for working capital, capital expenditures and general corporate purposes of the Company and its subsidiaries. In the event of a default that has not been cured, the credit facility would terminate and any unpaid principal and accrued interest would become due and payable.

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

12 Months Ended

Dec. 30, 2023

Commitments and Contingencies

M. Commitments and Contingencies

Contractual Obligations

As of December 30, 2023, projected cash outflows under non-cancellable contractual obligations for the remaining years under the contracts are as follows:


	Payments Due by Fiscal Year
	Total		2024		2025		2026		Thereafter
	(in thousands)
Ingredients and packaging (excluding hops and malt)	$	82,988	$	82,988	$	—	$	—	$	—
Brand support		64,768		50,749		10,249		3,770		—
Hops and malt		40,766		38,299		2,054		413		—
Equipment and machinery		36,751		36,751		—		—		—
Other		21,721		19,194		2,024		503		—
Total contractual obligations	$	246,994	$	227,981	$	14,327	$	4,686	$	—

The Company’s accounting policy for inventory and non-cancellable purchase commitments is to recognize a loss by establishing a reserve to the extent inventory levels and commitments exceed forecasted needs. The computation of the excess inventory requires management to make certain assumptions regarding future sales growth, product mix, cancellation costs and supply, among others. Actual results may differ materially from management’s estimates. The Company continues to manage inventory levels and purchase commitments in an effort to maximize utilization. However, changes in management’s assumptions regarding future sales growth, product mix, and hops market conditions could result in future material losses.

The Company utilizes several varieties of hops in the production of its products. To ensure adequate supplies of these varieties, the Company enters into advance multi-year purchase commitments based on forecasted future hop requirements, among other factors. These purchase commitments extend through crop year 2026 and specify both the quantities and prices, denominated in U.S. Dollar, Euros, New Zealand Dollars and British Pounds, to which the Company is committed. Hops purchase commitments outstanding at December 30, 2023 totaled $10.5 million, based on the exchange rates on that date.

The Company does not use forward currency exchange contracts and intends to purchase future hops using the exchange rate at the time of purchase. These contracts were deemed necessary in order to bring hop inventory levels and purchase commitments into balance with the Company’s current brewing volume and hop usage forecasts. In addition, these contracts enable the Company to secure its position for future supply with hop vendors in the face of some competitive buying activity.

Currently, the Company has entered into contracts for barley and wheat used in the Company’s malt with four major suppliers. The contracts cover the Company’s barley, wheat, and malt requirements for 2024 and extend through crop year 2024. These purchase commitments outstanding at December 30, 2023 totaled $30.2 million.

The Company anticipates paying shortfall fees at certain of its third-party production locations in future periods. See Note I for further discussion of the Company's third-party production arrangements and the anticipated shortfall fees. The anticipated shortfall fees are not included in the contractual obligations above.

Litigation

The Company is party to legal proceedings and claims, including class action 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’s 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.

Securities Litigation. On September 14, 2021, a purported class action lawsuit was filed by an individual shareholder in the United States District Court for the Southern District of New York against the Company and three of its officers. The complaint alleged claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 between April 22, 2021 and September 8, 2021. The plaintiff claimed that defendants made materially false and/or misleading statements or failed to disclose material adverse facts about the Company’s business, operations, and prospects. On October 8, 2021, a nearly identical complaint was filed against the Company by an individual shareholder in the United States District Court for the Southern District of New York. The Court consolidated the two actions and on December 14, 2021 appointed a lead plaintiff, who filed an amended complaint on January 13, 2022. The Company’s Motion to Dismiss the Amended Complaint was granted by the Court on December 5, 2022. The plaintiff filed a notice of appeal on January 5, 2023. After briefing and oral argument on the appeal, the United States Court of Appeals for the Second Circuit affirmed the dismissal on November 22, 2023. The Mandate of the United States Court of Appeals was issued and transmitted to the District Court on December 15, 2023.

Supplier Dispute. On December 31, 2022, Ardagh Metal Packaging USA Corp. (“Ardagh”) filed an action against the Company alleging, among other things, that the Company had failed to purchase contractual minimum volumes of certain aluminum beverage can containers in 2021 and 2022. The Company denies that it breached the terms of the parties’ contract and intends to defend against the Ardagh claims vigorously. On February 23, 2023 and April 4, 2023, Ardagh and the Company engaged in mediation sessions with a neutral, third-party mediator, but were not able to resolve the matter and the litigation will proceed. On May 5, 2023, the Company filed an Answer in response to the Complaint, and Counterclaims against Ardagh. On June 26, 2023, Ardagh filed a Motion to Dismiss Certain Counterclaims and a Motion to Strike Certain Affirmative Defenses, to which the Company filed Oppositions on July 24, 2023. On November 9, 2023, Ardagh filed a Notice of Plaintiff’s Motion for Judgment on the Pleadings on Count II of the Complaint, to which the Company filed an Opposition on November 22, 2023. The parties are currently engaged in the fact discovery phase of the matter and the range of potential outcomes cannot be estimated at this time.

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022
Income Taxes [Line Items]
Interest and penalties included in provision for incomes taxes	$ 100	$ 0
Accrued interest and penalties	200	200
Unrecognized tax benefits that would impact the effective tax rate if recognized	$ 300	200
Income tax return examination	As of December 30, 2023, the Company’s 2020, 2021, and 2022 federal income tax returns remain subject to examination by the IRS. The Company’s state income tax returns remain subject to examination for three or four years depending on the state’s statute of limitations.
Deferred tax valuation allowance	$ 5,808	4,600
Net increase in valuation allowance	$ 1,200	$ 1,300
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

Common Stock and Share-Based Compensation - Summary of Stock Options under Employee Equity Incentive Plan and Stock Option Plan for Non-Employee Directors (Detail) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 30, 2023 USD ($) $ / shares shares
Shares
Outstanding at beginning of period \| shares	204,245
Granted \| shares	60,995
Exercised \| shares	(50,211)
Cancelled/Forfeited \| shares	(5,756)
Expired \| shares	(1,463)
Outstanding at end of period \| shares	207,810
Exercisable at end of period \| shares	110,193
Vested and expected to vest at end of period \| shares	175,897
Weighted-Average Exercise Price
Outstanding at beginning of period \| $ / shares	$ 334.26
Granted \| $ / shares	326.17
Cancelled/Forfeited \| $ / shares	396.86
Expired \| $ / shares	464.33
Exercised \| $ / shares	200.62
Outstanding at end of period \| $ / shares	361.53
Exercisable at end of period \| $ / shares	288.62
Vested and expected to vest at end of period \| $ / shares	$ 350.85
Weighted-Average Remaining Contractual Term
Outstanding at end of period	6 years 1 month 20 days
Exercisable at end of period	4 years 2 months 23 days
Vested and expected to vest at end of period	5 years 9 months
Aggregate Intrinsic Value
Outstanding at end of period \| $	$ 11,419
Exercisable at end of period \| $	9,830
Vested and expected to vest at end of period \| $	$ 11,101

Commitments and Contingencies (Tables)

12 Months Ended

Dec. 30, 2023

Commitments and Contingencies Disclosure [Abstract]

Non-cancelable Contractual Obligations

As of December 30, 2023, projected cash outflows under non-cancellable contractual obligations for the remaining years under the contracts are as follows:


	Payments Due by Fiscal Year
	Total		2024		2025		2026		Thereafter
	(in thousands)
Ingredients and packaging (excluding hops and malt)	$	82,988	$	82,988	$	—	$	—	$	—
Brand support		64,768		50,749		10,249		3,770		—
Hops and malt		40,766		38,299		2,054		413		—
Equipment and machinery		36,751		36,751		—		—		—
Other		21,721		19,194		2,024		503		—
Total contractual obligations	$	246,994	$	227,981	$	14,327	$	4,686	$	—

Organization and Basis of Presentation

12 Months Ended

Dec. 30, 2023

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 trademarks “The Boston Beer Company®”, “Twisted Tea Brewing Company®”, “Hard Seltzer Beverage Company”, “Angry Orchard® Cider Company”, “Dogfish Head® Craft Brewery”, “Dogfish Head Distilling Co.”, “Angel City® Brewing Company”, “Coney Island® Brewing Company”, "Green Rebel Brewing Co.", "Truly Distilling Co.", “American Fermentation Company”, “General Admission Brewing Co.”, “TeaPot Worldwide”, and “Sun Cruiser Beverage Co.".

Inventories - Additional Information (Details) - USD ($) $ in Millions	Dec. 30, 2023	Dec. 31, 2022
Inventories [Abstract]
Inventory obsolescence reserves	$ 7.6	$ 22.0

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 30, 2023

Estimated Useful Lives


Kegs	5 years

Computer software and equipment	2 to 5 years

Office equipment and furniture	3 to 7 years

Machinery and plant equipment	3 to 20 years

Leasehold improvements	Lesser of the remaining term of the lease or estimated useful life of the asset

Building and building improvements	12 to 20 years, or the remaining useful life of the building, whichever is shorter

Leases - Maturities of lease liabilities (Detail) $ in Thousands	Dec. 30, 2023 USD ($)
Operating Leases
2024	$ 10,529
2025	7,102
2026	6,671
2027	6,122
2028	6,039
Thereafter	14,746
Total lease payments	51,209
Less imputed interest	(5,935)
Present value of lease liability	$ 45,274
Operating Lease, Weighted Average Discount Rate, Percent	3.50%
Operating Lease Weighted Average Remaining Lease Term [Abstract]
Lease Weighted Average Remaining Lease Term	6 years 9 months 18 days
Finance Lease Liabilities, Payments, Due
2024	$ 1,367
2025	1,109
2026	391
2027	8
Total lease payments	2,875
Less imputed interest	(167)
Present value of lease liability	$ 2,708
Finance Lease, Weighted Average Discount Rate, Percent	3.50%
Finance Lease, Weighted Average Remaining Lease Term	2 years 2 months 12 days

Components of Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands	Dec. 30, 2023	Dec. 31, 2022
Accumulated Other Comprehensive Income Loss [Line Items]
Cumulative currency translation adjustments	$ (141)	$ (307)
Deferred benefit costs, net of tax	84	97
Total accumulated other comprehensive loss	$ (57)	$ (210)

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

Amount, after tax, of accumulated increase (decrease) in equity from transaction and other event and circumstance from nonowner source.

Accrued Expenses and Other Current Liabilities

Accrued Expenses and Other Current Liabilities

12 Months Ended

Dec. 30, 2023

Payables and Accruals [Abstract]

. Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following as of:


	December 30, 2023		December 31, 2022
	(in thousands)
Employee wages, benefits, and reimbursements	$	49,446	$	31,449
Advertising, promotional, and selling expenses		18,950		18,915
Accrued deposits		13,425		13,090
Accrued inventory and production related costs		9,775		17,986
Deferred revenue		8,895		6,840
Accrued returns		8,240		5,580
Accrued taxes		6,757		7,229
Other		11,442		10,064
Total accrued expenses and other current liabilities	$	126,930	$	111,153

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 30, 2023