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BUSINESS SEGMENTS
 6 Months Ended
Jan. 30, 2016
Segment Reporting [Abstract]  
BUSINESS SEGMENTS
BUSINESS SEGMENTS
 
The Company has several operating divisions aggregated under the wholesale segment, which is the Company’s only reportable segment. These operating divisions have similar products and services, customer channels, distribution methods and historical margins. The wholesale segment is engaged in the national distribution of natural, organic and specialty foods, produce and related products in the United States and Canada. The Company has additional operating divisions that do not meet the quantitative thresholds for reportable segments and are therefore aggregated under the caption of “Other.” “Other” includes a retail division, which engages in the sale of natural foods and related products to the general public through retail storefronts on the east coast of the United States, a manufacturing division, which engages in importing, roasting, packaging, and distributing of nuts, dried fruit, seeds, trail mixes, granola, natural and organic snack items and confections, and the Company’s branded product lines. “Other” also includes certain corporate operating expenses that are not allocated to operating divisions and are necessary to operate the Company’s headquarters located in Providence, Rhode Island, which include depreciation, salaries, retainers, and other related expenses of officers, directors, corporate finance (including professional services), information technology, governance, legal, human resources and internal audit. As the Company continues to expand its business and serve its customers through a new national platform, these corporate expense amounts have increased, which is the primary driver behind the increasing operating losses within the “Other” category below. Non-operating expenses that are not allocated to the operating divisions are under the caption of “Unallocated Expenses.” The Company does not record its revenues for financial reporting purposes by product group, and it is therefore impracticable for the Company to report them accordingly.

The following table reflects business segment information for the periods indicated (in thousands):
 
 
Wholesale
 
Other
 
Eliminations
 
Unallocated
 
Consolidated
Three months ended January 30, 2016:
 
 

 
 

 
 

 
 

 
 

Net sales
 
$
2,029,351

 
$
53,685

 
$
(35,324
)
 
$
—

 
$
2,047,712

Restructuring and asset impairment expenses
 
1,492

 
493

 
—

 
—

 
1,985

Operating income (loss)
 
47,802

 
(6,702
)
 
603

 
—

 
41,703

Interest expense
 
—

 
—

 
—

 
3,602

 
3,602

Interest income
 
—

 
—

 
—

 
(398
)
 
(398
)
Other, net
 
—

 
—

 
—

 
757

 
757

Income before income taxes
 
 

 
 

 
 

 
 

 
37,742

Depreciation and amortization
 
15,472

 
671

 
—

 
—

 
16,143

Capital expenditures
 
12,175

 
709

 
—

 
—

 
12,884

Goodwill
 
247,499

 
17,731

 
—

 
—

 
265,230

Total assets
 
2,300,915

 
203,962

 
(17,859
)
 
—

 
2,487,018

 
 
 
 
 
 
 
 
 
 
 
Three months ended January 31, 2015:
 
 

 
 

 
 

 
 

 
 

Net sales
 
$
1,997,058

 
$
48,157

 
$
(28,669
)
 
$
—

 
$
2,016,546

Restructuring and asset impairment expenses
 
248

 
—

 
—

 
—

 
248

Operating income (loss)
 
57,351

 
(9,198
)
 
1,350

 
—

 
49,503

Interest expense
 
—

 
—

 
—

 
3,554

 
3,554

Interest income
 
—

 
—

 
—

 
(69
)
 
(69
)
Other, net
 
—

 
—

 
—

 
(5
)
 
(5
)
Income before income taxes
 
 

 
 

 
 

 
 

 
46,023

Depreciation and amortization
 
14,989

 
510

 
—

 
—

 
15,499

Capital expenditures
 
27,733

 
1,058

 
—

 
—

 
28,791

Goodwill
 
249,992

 
17,731

 
—

 
—

 
267,723

Total assets
 
2,319,514

 
202,553

 
(11,177
)
 
—

 
2,510,890

 
 
Wholesale
 
Other
 
Eliminations
 
Unallocated
 
Consolidated
Six months ended January 30, 2016:
 
 

 
 

 
 

 
 

 
 

Net sales
 
$
4,088,973

 
$
111,492

 
$
(76,104
)
 
$
—

 
$
4,124,361

Restructuring and asset impairment expenses
 
2,811

 
1,983

 
—

 
—

 
4,794

Operating income (loss)
 
109,867

 
(13,374
)
 
(886
)
 
—

 
95,607

Interest expense
 
—

 
—

 
—

 
7,350

 
7,350

Interest income
 
—

 
—

 
—

 
(550
)
 
(550
)
Other, net
 
—

 
—

 
—

 
930

 
930

Income before income taxes
 
 
 
 

 
 

 
 

 
87,877

Depreciation and amortization
 
31,555

 
1,292

 
—

 
—

 
32,847

Capital expenditures
 
19,297

 
1,175

 
—

 
—

 
20,472

Goodwill
 
247,499

 
17,731

 
—

 
—

 
265,230

Total assets
 
2,300,915

 
203,962

 
(17,859
)
 
—

 
2,487,018

 
 
 
 
 
 
 
 
 
 
 
Six months ended January 31, 2015:
 
 

 
 
 
 

 
 

 
 
Net sales
 
$
3,967,777

 
$
107,727

 
$
(66,482
)
 
$
—

 
$
4,009,022

Restructuring and asset impairment expenses
 
803

 
—

 
—

 
—

 
803

Operating income (loss)
 
124,060

 
(16,797
)
 
633

 
—

 
107,896

Interest expense
 
—

 
—

 
—

 
6,809

 
6,809

Interest income
 
—

 
—

 
—

 
(162
)
 
(162
)
Other, net
 
—

 
—

 
—

 
611

 
611

Income before income taxes
 
 

 
 

 
 

 
 

 
100,638

Depreciation and amortization
 
27,398

 
2,259

 
—

 
—

 
29,657

Capital expenditures
 
54,670

 
1,493

 
—

 
—

 
56,163

Goodwill
 
249,992

 
17,731

 
—

 
—

 
267,723

Total assets
 
2,319,514

 
202,553

 
(11,177
)
 
—

 
2,510,890