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Acquisition of Business | 12 Months Ended
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Dec. 27, 2014
Acquisition of Business [Abstract] |
Acquisition of Business | Note 9 Acquisition of Business Fiscal 2014 Acquisitions There were no acquisitions for fiscal 2014. Fiscal 2013 Acquisitions There were no acquisitions for fiscal 2013. Fiscal 2012 Acquisitions On June 11, 2012, Weis Markets, Inc. acquired three former Genuardi’s stores located in Conshohocken, Doylestown and Norristown, Pennsylvania from Safeway Inc. Weis Markets, Inc. acquired the store locations and operations of these three former Genuardi’s stores in an effort to establish its retail presence in the Delaware Valley. The results of operations of the three former Genuardi’s stores are included in the accompanying consolidated financial statements from the date of acquisition. The three former Genuardi’s stores contributed $22.1 million to sales in 2012. The cash purchase price paid to Safeway Inc. was $6.1 million. The Company recognized a gain of $414,000 on the bargain purchase. The purchased assets include inventories, equipment and intangible assets. Weis Markets, Inc. assumed all three lease obligations of the former Genuardi’s stores. The following table summarizes the fair values of the assets acquired at the date of acquisition.
(dollars in thousands) |  | June 11, 2012
Inventories | $ | 1,116
Equipment |  | 5,294
Intangible assets |  | 120
Total assets acquired | $ | 6,530

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- Definition The entire disclosure for business combinations, including leverage buyout transactions (as applicable), and divestitures. This may include a description of a business combination or divestiture (or series of individually immaterial business combinations or divestitures) completed during the period, including background, timing, and assets and liabilities recognized and reclassified or sold. This element does not include fixed asset sales and plant closings. + References No definition available. + Details
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