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Segment Information
 3 Months Ended
Dec. 28, 2013
Segment Information [Abstract]  
Segment Information

I. SEGMENT INFORMATION

 

The Company operates one primary business segment, retail grocery sales.   The “Other” segment includes our remaining operations -- fluid dairy and shopping center rentals.  The Company previously presented the fluid dairy and shopping center rentals as separate segments; however, these have now been combined as neither meets the criteria for separate disclosure in any period presented.  Prior year data has been recast to reflect the current segment presentation.  In addition, the Company has historically presented the revenue and expense of the shopping center rental segment “net” on the condensed consolidated statement of income.  In 2013, the Company concluded that the income and expense amounts associated with shopping center rentals should be presented as “gross” rather than “net”.  Accordingly the prior period condensed consolidated statements of income have been revised to eliminate the amounts presented as rental income, net while increasing net sales by $2.2 million and cost of goods sold by $1.9 million for the three months ended December 29, 2012.  Management does not believe that these corrections are material to the financial statements.  Information about the Company’s operations by lines of business (amounts in thousands) is as follows: 

 

 

 

 

 

 

 

 

 

 

  

Three Months Ended

 

  

December 28,

  

December 29,

 

 

2013

 

2012

Revenues from unaffiliated customers:

  

 

 

  

 

 

Grocery sales

  

$
910,087 

  

$
899,795 

Other

  

 
35,038 

  

 
35,183 

Total revenues from unaffiliated customers

  

$
945,125 

  

$
934,978 

 

  

 

 

  

 

 

Income before income taxes:

  

 

 

  

 

 

Grocery sales

  

$
24,165 

  

$
30,841 

Other

  

 
2,035 

  

 
2,640 

Total income from operations

  

$
26,200 

  

$
33,481 

 

  

 

 

  

 

 

 

 

 

 

 

 

 

 

 

December 28,

 

December 29,

 

 

2013

 

2012

Assets:

  

 

 

 

 

 

Grocery sales

  

$
1,510,506 

 

$
1,513,891 

Other

  

 
145,727 

 

 
157,909 

Elimination of intercompany receivable

  

 
(2,510)

 

 
(2,472)

Total assets

  

$
1,653,723 

 

$
1,669,328 

 

 

 

 

 

 

 

  

 

Sales by product category (amounts in thousands) are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

Three Months Ended

  

 

  

December 28,

  

December 29,

  

 

 

2013

 

2012

 

Grocery

  

$
358,899 

  

$
371,259 

  

Non-foods

  

 
181,874 

  

 
177,704 

  

Perishables

 

 
226,602 

 

 
219,949 

 

Gasoline

  

 
142,712 

  

 
130,883 

  

Total grocery segment

  

$
910,087 

  

$
899,795 

  

 

The grocery category includes grocery, dairy, and frozen foods.

The non-foods include alcoholic beverages, tobacco, pharmacy, health and video.

The perishables category includes meat, produce, deli and bakery.

 

For the three-month periods ended December 28, 2013 and December 29, 2012, respectively, the fluid dairy operation had $14.8 million and $15.9 million in sales to the grocery sales segment. These sales have been eliminated in consolidation.