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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