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Cash and Cash Equivalents and Advertising Accounting Policies, and Prior Year Reclassifications | 12 Months Ended
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Dec. 29, 2018
Cash and Cash Equivalents and Advertising Accounting Policies, and Prior Year Reclassifications [Abstract] |
Cash and Cash Equivalents and Advertising Accounting Policies, and Prior Year Reclassifications | Note 8 Cash and Cash Equivalents and Advertising Accounting Policies, and Prior Year Reclassifications As of December 31, 2017, the Com pany changed its policy for cash and cash equivalents to include all credit card, debit card, and electronic benefits transfer transactions that process in less than seven days in the amount of $23.6 million and $26.6 million as of December 29, 2018 and December 30, 2017, respectively. Management deems the classification of the amounts due from third-party financial institutions to be more appropriately reported in cash and cash equivalents due to certainty and timely settlements in less than seven days. The amounts have been reclassified from accounts receivable to cash and cash equivalents as of December 30, 2017 in the amount of $26.6 million to conform the presentation of the Consolidated Balance Sheets as of December 29, 2018. ﻿ As of December 31, 2017, the Company changed its policy for advertising costs to expense advertising costs as incurred, net of vendor paid cooperative advertising credits, in Cost of sales, in the amount of $11.1 million, $13.9 million and $8.6 million for the years ended December 29, 2018, December 30, 2017 and December 31, 2016, respectively. Management deems that the policy change to record net advertising costs in Cost of sales instead of Operating, general and administrative expenses better represents Cost of sales inclusive of direct product costs (net of discounts and allowances), distribution center and transportation costs, manufacturing facility operations and advertising costs that are primarily funded by vendor cooperative advertising credits and occur in the same period the product is sold. Advertising costs net of vendor cooperative advertising credits have been reclassified to Cost of sales out of Operating, General and Administrative costs for the years ended December 30, 2017 and December 31, 2016 in the amount of $13.9 million and $8.6 million, respectively, to conform to the presentation of the Consolidated Statement of Income for the year ended December 29, 2018. ﻿ The tables below summarize the effect of the reclassifications of previously reported Consolidated Financial Statements for the fiscal years ended December 30, 2017 and December 31, 2016. ﻿
﻿ |  |  |  |  |  |  |  |  |
﻿ |  | As of December 30, 2017
﻿ |  | As Previously |  |  |  |  |  |
﻿Consolidated Balance Sheets (dollars in thousands) |  | Reported |  | Reclassifications |  | As Adjusted
﻿Cash and cash equivalent |  | $ | 21,305 |  | $ | 26,612 |  | $ | 47,917
﻿Accounts receivable, net |  |  | 82,877 |  |  | (26,612) |  |  | 56,265
﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | December 30, 2017 |  | December 31, 2016
﻿Consolidated Statements of Income |  | As Previously |  |  |  |  |  |  |  | As Previously |  |  |  |  |  |
﻿(dollars in thousands) |  | Reported |  | Reclassifications |  | As Adjusted |  | Reported |  | Reclassifications |  | As Adjusted
﻿Cost of sales, including advertising, warehousing and distribution expenses |  | $ | 2,540,348 |  | $ | 13,936 |  | $ | 2,554,284 |  | $ | 2,264,565 |  | $ | 8,617 |  | $ | 2,273,182
﻿ Gross profit on sales |  |  | 926,459 |  |  | (13,936) |  |  | 912,523 |  |  | 872,155 |  |  | (8,617) |  |  | 863,538
﻿Operating, general and administrative expenses |  |  | 850,034 |  |  | (13,936) |  |  | 836,098 |  |  | 773,830 |  |  | (8,617) |  |  | 765,213
﻿
﻿ |  |  |  |  |  |  |  |  |
﻿ |  | 52 Weeks Ended
﻿ |  | December 30, 2017
﻿Consolidated Statements of Cash Flows |  | As Previously |  |  |  |  |  |
﻿(dollars in thousands) |  | Reported |  | Reclassifications |  | As Adjusted
﻿Accounts receivable and prepaid expenses |  | $ | 9,598 |  | $ | (5,553) |  | $ | 4,045
﻿Net cash provided by operating activities |  |  | 165,814 |  |  | (5,553) |  |  | 160,261
﻿Net increase (decreases) in cash and cash equivalents |  |  | 6,652 |  |  | (5,553) |  |  | 1,099
﻿Cash and cash equivalents at beginning of year |  |  | 14,653 |  |  | 32,165 |  |  | 46,818
﻿Cash and cash equivalents at end of period |  | $ | 21,305 |  | $ | 26,612 |  | $ | 47,917
﻿ Note 8 Cash and Cash Equivalents and Advertising Accounting Policies, and Prior Year Reclassifications (continued) ﻿ ﻿ ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |
﻿ |  | 53 Weeks Ended
﻿ |  | December 31, 2016
﻿Consolidated Statements of Cash Flows |  | As Previously |  |  |  |  |  |
﻿(dollars in thousands) |  | Reported |  | Reclassifications |  | As Adjusted
﻿Accounts receivable and prepaid expenses |  | $ | (5,096) |  | $ | (2,517) |  | $ | (7,613)
﻿Net cash provided by operating activities |  |  | 151,593 |  |  | (2,517) |  |  | 149,076
﻿Net increase (decreases) in cash and cash equivalents |  |  | (2,943) |  |  | (2,517) |  |  | (5,460)
﻿Cash and cash equivalents at beginning of year |  |  | 17,596 |  |  | 34,682 |  |  | 52,278
﻿Cash and cash equivalents at end of period |  | $ | 14,653 |  | $ | 32,165 |  | $ | 46,818
﻿

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