XML 23 R40.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

DISCONTINUED OPERATIONS DISCONTINUED OPERATIONS (Tables) | 3 Months Ended
--- | ---
Nov. 02, 2019
Discontinued Operations and Disposal Groups [Abstract] |
Disposal Groups, Including Discontinued Operations [Table Text Block] | Operating results of discontinued operations are summarized below:
| 13-Week Period Ended
(In thousands) | November 2, 2019 |  | October 27, 2018(1)
Net sales | $ | 610,821 |  |  | $ | 46,598 |
Cost of sales | 441,071 |  |  | 34,534 |
Gross profit | 169,750 |  |  | 12,064 |
Operating expenses | 136,435 |  |  | 9,494 |
Restructuring, acquisition and integration related expenses | 1,362 |  |  | — |
Operating income | 31,953 |  |  | 2,570 |
Other income, net | (1,091 | ) |  | (249 | )
Income from discontinued operations before income taxes | 33,044 |  |  | 2,819 |
Income tax provision | 8,090 |  |  | 749 |
Income from discontinued operations, net of tax | $ | 24,954 |  |  | $ | 2,070 |
(1) | These results reflect retail operations from the Supervalu acquisition date of October 22, 2018 to October 27, 2018.
The Company recorded $244.6 million and $21.8 million within Net sales from continuing operations attributable to discontinued operations inter-company product purchases in the 13-week periods ended November 2, 2019 and October 27, 2018, respectively, which the Company expects will continue subsequent to the sale of certain retail banners. These amounts were recorded at gross margin rates consistent with sales to other similar wholesale customers of the acquired Supervalu business. No sales were recorded within continuing operations for retail banners that the Company expects to dispose of without a supply agreement, which were eliminated upon consolidation within continuing operations and amounted to $113.0 million and $9.8 million in the 13-week periods ended November 2, 2019 and October 27, 2018, respectively. The carrying amounts (in thousands) of major classes of assets and liabilities that were classified as held-for-sale on the Condensed Consolidated Balance Sheets follows in the table below.
(In thousands) |  | November 2, 2019 |  | August 3, 2019
Current assets |  |  |  |
Cash and cash equivalents |  | $ | 2,845 |  |  | $ | 2,917 |
Receivables, net |  | 4,532 |  |  | 1,471 |
Inventories |  | 139,409 |  |  | 129,142 |
Other current assets |  | 9,097 |  |  | 10,199 |
Total current assets of discontinued operations |  | 155,883 |  |  | 143,729 |
Long-term assets |  |  |  |
Property and equipment |  | 292,154 |  |  | 301,395 |
Intangible assets |  | 49,687 |  |  | 48,788 |
Other assets |  | 2,051 |  |  | 1,882 |
Total long-term assets of discontinued operations |  | 343,892 |  |  | 352,065 |
Total assets of discontinued operations |  | $ | 499,775 |  |  | $ | 495,794 |
Current liabilities |  |  |  |
Accounts payable |  | $ | 54,781 |  |  | $ | 61,634 |
Accrued compensation and benefits |  | 34,574 |  |  | 45,887 |
Other current liabilities |  | 11,523 |  |  | 14,744 |
Total current liabilities of discontinued operations |  | 100,878 |  |  | 122,265 |
Long-term liabilities |  |  |  |
Other long-term liabilities |  | 1,403 |  |  | 1,923 |
Total liabilities of discontinued operations |  | 102,281 |  |  | 124,188 |
Net assets of discontinued operations |  | $ | 397,494 |  |  | $ | 371,606 |

X
- References No definition available. + Details
Name: | us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=109226691&loc=SL51724579-110230 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1474-107760 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721677-107760 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=109222160&loc=SL51721533-107759 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721659-107760 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721665-107760 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721675-107760 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1361-107760 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721671-107760 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721673-107760 Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721663-107760 + Details
Name: | us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration