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Restructuring Charges and Asset Impairment | 6 Months Ended
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Jul. 16, 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 28 weeks ended July 16, 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 |  |  | 13,171 |  |  |  |  | — |  |  |  |  | 13,171 |  | (a)
Provision for severance |  |  | — |  |  |  |  | 895 |  |  |  |  | 895 |  | (b)
Changes in estimates |  |  | 218 |  |  |  |  | — |  |  |  |  | 218 |  | (c)
Accretion expense |  |  | 359 |  |  |  |  | — |  |  |  |  | 359 |  |
Payments |  |  | (2,261 | ) |  |  |  | (801 | ) |  |  |  | (3,062 | ) |
Balance at July 16, 2016 | $ |  | 25,935 |  |  | $ |  | 94 |  |  | $ |  | 26,029 |  |
(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 and a distribution center closing in the Food Distribution 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 and sublease income associated with previously closed properties.
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:
| 12 Weeks Ended |  |  | 28 Weeks Ended |
| July 16, |  |  | July 18, |  |  | July 16, |  |  | July 18, |
(In thousands) | 2016 |  |  | 2015 |  |  | 2016 |  |  | 2015 |
Asset impairment charges (a) | $ |  | 3,483 |  |  | $ |  | — |  |  | $ |  | 3,483 |  |  | $ |  | 2,353 |
Provision for closing charges (b) |  |  | 718 |  |  |  |  | — |  |  |  |  | 13,171 |  |  |  |  | 6,760 |
(Gain) loss on sales of assets related to closed facilities (c) |  |  | (101 | ) |  |  |  | (336 | ) |  |  |  | 266 |  |  |  |  | (1,876 | )
Provision for severance (d) |  |  | — |  |  |  |  | — |  |  |  |  | 895 |  |  |  |  | 304 |
Other costs associated with distribution center and store closings (e) |  |  | 1,334 |  |  |  |  | — |  |  |  |  | 3,103 |  |  |  |  | 1,493 |
Changes in estimates (f) |  |  | 314 |  |  |  |  | — |  |  |  |  | 434 |  |  |  |  | (287 | )
Lease termination adjustment (g) |  |  | — |  |  |  |  | — |  |  |  |  | (300 | ) |  |  |  | (1,745 | )
| $ |  | 5,748 |  |  | $ |  | (336 | ) |  | $ |  | 21,052 |  |  | $ |  | 7,002 |
(a) | 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 in the current and prior year-to-date periods and a distribution center closing in the Food Distribution segment in the current year periods.
(c) | The net (gain) loss on sales of assets resulted from the sales of previously closed retail stores, a food distribution center and vacant parcel of land in fiscal 2016, and from the sale of a closed food distribution center and sales of closed stores in fiscal 2015.
(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, predominantly labor and inventory transfer costs, incurred in connection with winding down operations in 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 $0.4 million in the 28 weeks ended July 16, 2016. The Retail segment realized $(0.3) million in the 28 weeks ended July 18, 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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