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Merger and Acquisitions (Tables) | 12 Months Ended
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Jan. 02, 2016
Business Combinations [Abstract] |
Business Acquisitions Consideration Transferred | Consideration paid for all of the Nash-Finch outstanding shares consisted of the following:
(In thousands, except share price) |  |  |
Spartan Stores common shares issued and deferred |  |  | 16,119 |
Trading price |  | $ | 23.55 |
Fair value of shares issued |  |  | 379,600 |
Cash paid for fractional shares |  |  | 14 |
|  | $ | 379,614 |
Fair Values of Assets Acquired and Liabilities Assumed | The following table summarizes the ending fair values of the assets acquired and liabilities assumed on November 19, 2013.
(In thousands) |  | Fair Value |
Current assets |  | $ | 787,430 |
Property and equipment |  | 346,500 |
Goodwill |  | 36,622 |
Intangible assets |  | 28,550 |
Other |  | 38,160 |
Total assets acquired |  | 1,237,262 |
Current liabilities |  | 342,221 |
Other long-term liabilities |  | 76,531 |
Long-term debt and capital lease obligations |  | 438,896 |
Total liabilities assumed |  | 857,648 |
Net assets acquired |  | $ | 379,614 |
Intangible Assets Acquired | Intangible assets acquired were valued and assigned useful lives 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 | The operating results of Nash-Finch are included in the consolidated results of operations beginning on November 19, 2013. The following table provides net sales and results of operations from the acquired Nash-Finch Company included in the consolidated statements of earnings for the 39-week period ended December 28, 2013 as well as unaudited supplemental pro forma financial information as if Nash-Finch was acquired on the first day of the same 39-week period.
(In thousands) |  | Period Ended December 28, 2013 (Pro Forma)(A) |  |  | Period Ended December 28, 2013 (Reported)(B) |
Net sales |  | $ | 5,896,555 |  |  | $ | 563,185 |
Net earnings |  |  | 24,073 |  |  |  | 769 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1486-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4845-128472 + Details
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