Merger (Tables)

9 Months Ended

Oct. 04, 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			October 4, 2014
Current assets	$	790,296	$	(2,866	)	$	787,430
Property and equipment		369,495		(22,995	)		346,500
Goodwill		43,584		(6,962	)		36,622
Intangible assets		10,750		17,800			28,550
Other		38,160		—			38,160
Total assets acquired		1,252,285		(15,023	)		1,237,262
Current liabilities		353,484		(11,263	)		342,221
Other long-term liabilities		81,047		(4,516	)		76,531
Long-term debt and capital lease obligations		438,140		756			438,896
Total liabilities assumed		872,671		(15,023	)		857,648
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		5,100		7 years
Customer relationships		12,100		20 years
Favorable leases		4,650		7 to 22 years
	$	28,550

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 40-week period presented or that may be obtained in the future.

	October 12, 2013
(In thousands)	12 Weeks Ended		40 Weeks Ended
Net sales	$	1,796,656	$	5,928,875
Net earnings from continuing operations		13,799		41,980