Project the companys likely consolidated financial performance for each of the next three years

		Year Ended
		Dec. 30 2017				Dec. 31 2016 (53 weeks)				Dec. 26 2015				Dec. 27 2014				Dec. 28 2013
		(in thousands)
Income Statement Data:
Revenue		$	921,736			$	968,994			$	1,024,040			$	966,478			$	793,705
Less excise taxes			58,744				62,548				64,106				63,471				54,652
Net revenue			862,992				906,446				959,934				903,007				739,053
Cost of goods sold			413,091				446,776				458,317				437,996				354,131
Gross profit			449,901				459,670				501,617				465,011				384,922
Operating expenses:
Advertising, promotional and selling expenses			258,649				244,213				273,629				250,696				207,930
General and administrative expenses			73,126				78,033				71,556				65,971				62,332
Impairment (gain on sale) of assets, net			2,451				(235	)			258				1,777				1567
Total operating expenses			334,226				322,011				345,443				318,444				271,829
Operating income			115,675				137,659				156,174				146,567				113,093
Other expense, net			467				(538	)			(1,164	)			(973	)			(552	)
Income before provision for income taxes			116,142				137,121				155,010				145,594				112,541
Provision for income taxes			17,093				49,772				56,596				54,851				42,149
Net income		$	99,049			$	87,349			$	98,414			$	90,743			$	70,392
Net income per share basic		$	8.18			$	6.93			$	7.46			$	6.96			$	5.47
Net income per share diluted		$	8.09			$	6.79			$	7.25			$	6.69			$	5.18
Weighted average shares outstanding basic			12,035				12,533				13,123				12,968				12,766
Weighted average shares outstanding diluted			12,180				12,796				13,520				13,484				13,504
Balance Sheet Data:
Working capital		$	66,590			$	99,719			$	112,443			$	97,292			$	59,901
Total assets		$	569,624			$	623,297			$	645,400			$	605,161			$	444,075
Total long-term obligations		$	44,343			$	75,196			$	73,019			$	58,851			$	37,613
Total stockholders equity		$	423,523			$	446,582			$	461,221			$	436,140			$	302,085
Statistical Data:
Barrels sold			3,768				4,019				4,256				4,103				3,416
Net revenue per barrel		$	229.05			$	225.55			$	225.55			$	220.08			$	216.35

So far in 2018, the success of its new initiatives, to the tune of $190.5 million net revenue, an increase of $28.8 million or 17.8 percent from the same period last year.

Depletions increased 8 percent from the comparable 13-week period in 2017.

Shipments increased 15 percent.

Full-year depletion and shipment change continues to be estimated at between zero and plus 6 percent.

First quarter gross margin of 50.5 percent was 3.3 percentage points above the 2017 first quarter margin; the companys full year gross margin target remains unchanged at between 52 and 54 percent.

Advertising, promotional and selling expenses in the first quarter increased $13.8 million or 25.6 percent, compared to the first quarter of 2017, primarily due to increased investments in local marketing, point-of-sale and media and increased freight to distributors due to higher rates and higher volumes.

Depletions and shipments percentage change of between zero and plus 6 percent.

National price increases of between zero and 2 percent.

Gross margin of between 52 and 54 percent, increasing during the year due to progress on cost saving initiatives.

Increased investment in advertising, promotional and selling expenses of between $15 million and $25 million. This does not include any changes in freight costs for the shipment of products to the companys distributors.

Increased general and administrative expenses of between $10 million and $20 million due to organizational investments and stock compensation costs.

Non-GAAP effective tax rate of approximately 28 percent, excluding the impact of ASU 2016-09.

Estimated capital spending of between $55 million and $65 million, which mostly consist of investments in the companys breweries and tap rooms and could be significantly higher, if deemed necessary to meet future growth.