Merger (Tables)

6 Months Ended

Jul. 12, 2014

Fair Values of Assets Acquired and Liabilities Assumed

The valuation process is not complete and the final determination of the fair values may result in further adjustments to the values presented below:


(In thousands)	Initial Valuation		2014 Adjustments to Fair Value			July 12, 2014
Current assets	$	790,296	$	(2,788	)	$	787,508
Property and equipment		369,495		(22,995	)		346,500
Goodwill		43,584		6,872			50,456
Intangible assets		10,750		19,300			30,050
Other		38,160		—			38,160

Total assets acquired		1,252,285		389			1,252,674
Current liabilities		353,484		(14	)		353,470
Other long-term liabilities		81,047		(353	)		80,694
Long-term debt and capital lease obligations		438,140		756			438,896

Total liabilities assumed		872,671		389			873,060

Net assets acquired	$	379,614	$	—		$	379,614

Intangible Assets Acquired

Intangible assets acquired are currently valued as follows:


(In thousands)	Intangible Assets		Useful Life
Trade names	$	6,700		Indefinite
Customer lists		5,200		7 years
Customer relationships		13,500		20 years
Favorable leases		4,650		7 to 22 years

	$	30,050

Pro Forma Effect on Operating Results

This pro forma information is not necessarily indicative of the results that would have been obtained if the acquisition had occurred at the beginning of the 28-week period presented or that may be obtained in the future.


	July 20, 2013
(In thousands)	12 weeks ended		28 weeks ended
Net sales	$	1,867,080	$	4,132,219
Net earnings		17,519		28,106