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BUSINESS SEGMENTS
 6 Months Ended
Jan. 30, 2021
Segment Reporting [Abstract]  
BUSINESS SEGMENTS
NOTE 14—BUSINESS SEGMENTS

The Company has two reportable segments: Wholesale and Retail. These reportable segments are two distinct businesses, each with a different customer base, marketing strategy and management structure. The Wholesale reportable segment is the aggregation of two operating segments: U.S. Wholesale and Canada Wholesale. The U.S. Wholesale and Canada Wholesale operating segments have similar products and services, customer channels, distribution methods and economic characteristics. Reportable segments are reviewed on an annual basis, or more frequently if events or circumstances indicate a change in reportable segments has occurred.

The Wholesale reportable segment is engaged in the national distribution of natural, organic, specialty, produce and conventional grocery and non-food products, and providing professional services in the United States and Canada. The Retail reportable segment derives revenues from the sale of groceries and other products at retail locations operated by the Company. 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. Wholesale records revenues related to sales to Retail at gross margin rates consistent with sales to other similar wholesale customers of the acquired Supervalu business.

Segment earnings include revenues and costs attributable to each of the respective business segments and allocated corporate overhead, based on the segment’s estimated consumption of corporately managed resources. 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. Non-operating expenses that are not allocated to the operating segments are included in the Other segment. In the fourth quarter of fiscal 2020, the Company updated its segment profit measure to Adjusted EBITDA. Prior period amounts have been recast to reflect this change in segment profit measure.

The following table provides continuing operations net sales and Adjusted EBITDA by reportable segment and reconciles that information to Income (loss) from continuing operations before income taxes:
13-Week Period Ended26-Week Period Ended
 (in thousands)January 30, 2021February 1, 2020January 30, 2021February 1, 2020
Net sales:
Wholesale(1)
$6,608,775 $6,206,918 $13,040,058 $12,274,225 
Retail620,871 538,629 1,215,782 1,053,855 
Other55,428 41,073 111,040 106,152 
Eliminations(396,941)(355,238)(806,140)(706,238)
Total Net sales$6,888,133 $6,431,382 $13,560,740 $12,727,994 
Continuing Operations Adjusted EBITDA:
Wholesale$186,768 $102,454 $309,729 $208,766 
Retail25,330 11,428 49,612 21,990 
Other(7,845)14,425 (3,695)12,828 
Eliminations(1,778)(665)3,946 494 
Adjustments:
Net income attributable to noncontrolling interests1,605 650 2,972 1,169 
Total other expense, net(32,143)(44,339)(83,445)(82,264)
Depreciation and amortization(66,534)(69,219)(143,723)(144,360)
Share-based compensation(12,673)(5,134)(26,822)(9,059)
Restructuring, acquisition and integration related expenses(17,783)(36,522)(34,211)(51,194)
Goodwill and asset impairment charges— — — (425,405)
Loss on sale of assets(399)(524)(169)(434)
Notes receivable charges— — — (12,516)
Legal settlement income (reserve charge)— 654 — (1,196)
Other retail expense(1,394)— (3,003)— 
Income (loss) from continuing operations before income taxes$73,154 $(26,792)$71,191 $(481,181)
Depreciation and amortization:
Wholesale$58,766 $65,768 $126,587 $133,761 
Retail6,764 843 14,152 2,301 
Other1,004 2,608 2,984 8,298 
Total depreciation and amortization$66,534 $69,219 $143,723 $144,360 
Capital expenditures:
Wholesale$45,882 $43,370 $83,873 $85,629 
Retail4,109 2,619 7,310 5,295 
Other145 91 333 204 
Total capital expenditures$50,136 $46,080 $91,516 $91,128 
(1)As presented in Note 3—Revenue Recognition, for the second quarters of fiscal 2021 and 2020, the Company recorded $345.3 million and $308.1 million, respectively, and $702.9 million and $605.8 million in fiscal 2021 and 2020 year-to-date, respectively, within Net sales in its Wholesale reportable segment attributable to Wholesale sales to its Retail segment that have been eliminated upon consolidation. Refer to Note 3—Revenue Recognition for additional information regarding Wholesale sales to discontinued operations.
Total assets of continuing operations by reportable segment were as follows:
(in thousands)January 30,
2021		August 1,
2020
Assets:
Wholesale$6,454,162 $6,588,836 
Retail565,252 542,470 
Other521,752 501,468 
Eliminations(57,133)(54,784)
Total assets of continuing operations$7,484,033 $7,577,990