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Restructuring Charges and Asset Impairment | 4 Months Ended
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Apr. 23, 2016
Restructuring And Related Activities [Abstract] |
Restructuring Charges and Asset Impairment | Note 5 – Restructuring Charges and Asset Impairment The following table provides the activity of reserves for closed properties for the 16 weeks ended April 23, 2016. Reserves for closed properties recorded in the condensed consolidated balance sheets are included in “Other accrued expenses” in Current liabilities and “Other long-term liabilities” in Long-term liabilities based on when the obligations are expected to be paid.
| Lease and |  |  |  |  |  |  |  |
(In thousands) | Ancillary Costs |  |  | Severance |  |  | Total |  |
Balance at January 2, 2016 | $ |  | 14,448 |  |  | $ |  | — |  |  | $ |  | 14,448 |  |
Provision for closing charges |  |  | 12,453 |  |  |  |  | — |  |  |  |  | 12,453 |  | (a)
Provision for severance |  |  | — |  |  |  |  | 895 |  |  |  |  | 895 |  | (b)
Changes in estimates |  |  | (96 | ) |  |  |  | — |  |  |  |  | (96 | ) | (c)
Accretion expense |  |  | 186 |  |  |  |  | — |  |  |  |  | 186 |  |
Payments |  |  | (1,156 | ) |  |  |  | (354 | ) |  |  |  | (1,510 | ) |
Balance at April 23, 2016 | $ |  | 25,835 |  |  | $ |  | 541 |  |  | $ |  | 26,376 |  |
(a) | The provision for closing charges represents initial costs estimated to be incurred for lease and related ancillary costs, net of sublease income, related to store closings in the Retail segment.
(b) | The provision for severance relates to distribution center closings in the Food Distribution segment.
(c) | As a result of changes in estimates, goodwill was reduced by $0.2 million as the initial charges for certain stores were adjusted related to previous acquisitions. The remaining change in estimates relates to revised estimates of lease costs associated with a previously closed property.
Included in the liability are lease obligations recorded at the present value of future minimum lease payments, calculated using a risk-free interest rate, and related ancillary costs from the date of closure to the end of the remaining lease term, net of estimated sublease income. Restructuring and asset impairment charges included in the condensed consolidated statements of earnings consisted of the following:
| 16 Weeks Ended |
| April 23, |  |  | April 25, |
(In thousands) | 2016 |  |  | 2015 |
Asset impairment charges (a) | $ |  | — |  |  | $ |  | 2,353 |
Provision for closing charges (b) |  |  | 12,453 |  |  |  |  | 6,760 |
Loss (gain) on sales of assets related to closed facilities (c) |  |  | 367 |  |  |  |  | (1,540 | )
Provision for severance (d) |  |  | 895 |  |  |  |  | 304 |
Other costs associated with distribution center and store closings (e) |  |  | 1,769 |  |  |  |  | 1,493 |
Changes in estimates (f) |  |  | 120 |  |  |  |  | (287 | )
Lease termination adjustment (g) |  |  | (300 | ) |  |  |  | (1,745 | )
| $ |  | 15,304 |  |  | $ |  | 7,338 |
(a) | In 2015, asset impairment charges were incurred in the Retail segment due to the economic and competitive environment of certain stores.
(b) | The provision for closing charges represents initial costs estimated to be incurred for lease and related ancillary costs, net of sublease income, related to store closings in the Retail segment.
(c) | The net loss on sales of assets in the 16 weeks ended April 23, 2016, resulted from the sale of a previously closed retail store and food distribution center. The gain on sale of assets in the 16 weeks ended April 25, 2015, resulted from the sale of a closed food distribution center.
(d) | The provision for severance relates to distribution center closings in the Food Distribution segment.
(e) | Other closing costs associated with distribution center and store closings represent additional costs incurred in connection with winding down operations at the Food Distribution and Retail segments.
(f) | The changes in estimates relate to revised estimates of lease and ancillary costs associated with previously closed facilities. The Food Distribution segment realized $120 in the 16 weeks ended April 23, 2016. The Retail segment realized $(287) in the 16 weeks ended April 25, 2015.
(g) | The lease termination adjustments represent the benefits recognized in connection with lease buyouts on previously closed stores.

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140904-122747 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140864-122747 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 5 -Section P -Subsection 3, 4 + Details
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