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Merger and Acquisitions (Tables)

12 Months Ended

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

X

- 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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
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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

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-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
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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.

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