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BUSINESS SEGMENTS | 9 Months Ended
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May 02, 2020
Segment Reporting [Abstract] |
BUSINESS SEGMENTS | NOTE 16—BUSINESS SEGMENTS The Company has two operating segments aggregated under the Wholesale reportable segment: U.S. Wholesale and Canada Wholesale. In addition, the Company’s Retail operating segment is a separate reportable segment, which consists of discontinued operations disposal groups. The U.S. Wholesale and Canada Wholesale operating segments have similar products and services, customer channels, distribution methods and economic characteristics. The Wholesale reportable segment is engaged in the national distribution of natural, organic, specialty, produce, and conventional grocery and non-food products, and is also a provider of support services in the United States and Canada. The Company has additional operating segments that do not meet the quantitative thresholds for reportable segments and are therefore aggregated under the caption of Other. Other includes a manufacturing division, which engages in the 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 segments, which include, among other expenses, restructuring, acquisition, and integration related expenses, share-based compensation, and salaries, retainers, and other related expenses of certain officers and all directors. The Company allocates certain corporate capital expenditures and identifiable assets to its business segments and retains certain depreciation expense related to those assets within Other. In the first quarter of fiscal 2020, the Company changed its measurement of segment profit, which resulted in additional corporate expenses that were previously included in Other now being attributed to the Wholesale business. Prior period amounts have been recast to reflect this new measurement approach. Non-operating expenses that are not allocated to the operating segments are under the caption of Unallocated (Income)/Expenses.
(in thousands) |  | Wholesale |  | Other |  | Eliminations |  | Unallocated (Income)/Expenses |  | Consolidated
13-Week Period Ended May 2, 2020: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales(1) |  | $ | 6,670,044 |  |  | $ | 56,361 |  |  | $ | (58,724 | ) |  | $ | — |  |  | $ | 6,667,681 |
Restructuring, acquisition and integration related expenses |  | 4,030 |  |  | 6,419 |  |  | — |  |  | — |  |  | 10,449 |
Operating income (loss) |  | 119,809 |  |  | (47,505 | ) |  | (599 | ) |  | — |  |  | 71,705 |
Total other expense, net |  | — |  |  | — |  |  | — |  |  | 33,377 |  |  | 33,377 |
Income (loss) from continuing operations before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  | 38,328 |
Depreciation and amortization |  | 66,754 |  |  | 2,888 |  |  | — |  |  | — |  |  | 69,642 |
Capital expenditures |  | 33,216 |  |  | 402 |  |  | — |  |  | — |  |  | 33,618 |
Total assets of continuing operations |  | 6,686,382 |  |  | 614,356 |  |  | (50,076 | ) |  | — |  |  | 7,250,662 |
13-Week Period Ended April 27, 2019: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales(2) |  | $ | 5,944,521 |  |  | $ | 61,910 |  |  | $ | (43,811 | ) |  | $ | — |  |  | $ | 5,962,620 |
Goodwill and asset impairment (adjustment) charges |  | (38,250 | ) |  | — |  |  | — |  |  | — |  |  | (38,250 | )
Restructuring, acquisition and integration related expenses |  | — |  |  | 19,438 |  |  | — |  |  | — |  |  | 19,438 |
Operating income (loss) |  | 103,142 |  |  | (31,278 | ) |  | (2,183 | ) |  | — |  |  | 69,681 |
Total other expense, net |  | — |  |  | — |  |  | — |  |  | 44,934 |  |  | 44,934 |
Income (loss) from continuing operations before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  | 24,747 |
Depreciation and amortization |  | 63,375 |  |  | 8,412 |  |  | — |  |  | — |  |  | 71,787 |
Capital expenditures |  | 56,655 |  |  | 161 |  |  | — |  |  | — |  |  | 56,816 |
Total assets of continuing operations |  | 6,403,512 |  |  | 423,663 |  |  | (40,618 | ) |  | — |  |  | 6,786,557 |
(1) | For the third quarter of fiscal 2020, the Company recorded $273.2 million within Net sales in its wholesale reportable segment attributable to discontinued operations inter-company product purchases from its Retail operating segment, which it expects will continue subsequent to the sale of certain retail banners.
(2) | For the third quarter of fiscal 2019, the Company recorded $227.1 million within Net sales in its wholesale reportable segment attributable to discontinued operations inter-company product purchases from its Retail operating segment, which it expects will continue subsequent to the sale of certain retail banners.
(in thousands) |  | Wholesale |  | Other |  | Eliminations |  | Unallocated (Income)/Expenses |  | Consolidated
39-Week Period Ended May 2, 2020: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales(1) |  | $ | 18,821,520 |  |  | $ | 158,377 |  |  | $ | (155,027 | ) |  | $ | — |  |  | $ | 18,824,870 |
Goodwill and asset impairment (adjustment) charges |  | 423,703 |  |  | 1,702 |  |  | — |  |  | — |  |  | 425,405 |
Restructuring, acquisition and integration related expenses |  | 23,392 |  |  | 30,993 |  |  | — |  |  | — |  |  | 54,385 |
Operating income (loss) |  | (277,675 | ) |  | (99,632 | ) |  | (86 | ) |  | — |  |  | (377,393 | )
Total other expense, net |  | — |  |  | — |  |  | — |  |  | 116,289 |  |  | 116,289 |
Income (loss) from continuing operations before income taxes |  | — |  |  | — |  |  | — |  |  | — |  |  | (493,682 | )
Depreciation and amortization |  | 200,515 |  |  | 13,487 |  |  | — |  |  | — |  |  | 214,002 |
Capital expenditures |  | 116,565 |  |  | 1,680 |  |  | — |  |  | — |  |  | 118,245 |
39-Week Period Ended April 27, 2019: |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales(2) |  | $ | 14,932,905 |  |  | $ | 167,381 |  |  | $ | (120,304 | ) |  | $ | — |  |  | 14,979,982 |
Goodwill and asset impairment (adjustment) charges |  | 332,621 |  |  | — |  |  | — |  |  | — |  |  | 332,621 |
Restructuring, acquisition and integration related expenses |  | 4 |  |  | 134,563 |  |  | — |  |  | — |  |  | 134,567 |
Operating income (loss) |  | (189,299 | ) |  | (164,745 | ) |  | (3,248 | ) |  | — |  |  | (357,292 | )
Total other expense, net |  | — |  |  | — |  |  | — |  |  | 98,689 |  |  | 98,689 |
Income (loss) from continuing operations before income taxes |  | — |  |  | — |  |  | — |  |  | — |  |  | (455,981 | )
Depreciation and amortization |  | 156,693 |  |  | 13,087 |  |  | — |  |  | — |  |  | 169,780 |
Capital expenditures |  | 136,065 |  |  | 888 |  |  | — |  |  | — |  |  | 136,953 |
(1) | For fiscal 2020 year-to-date, the Company recorded $756.9 million within Net sales in its wholesale reportable segment attributable to discontinued operations inter-company product purchases from its Retail operating segment, which it expects will continue subsequent to the sale of certain retail banners.
(2) For fiscal 2019 year-to-date, the Company recorded $505.5 million within Net sales in its wholesale reportable segment attributable to discontinued operations inter-company product purchases from its Retail operating segment, which it expects will continue subsequent to the sale of certain retail banners.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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