XML 33 R23.htm IDEA: XBRL DOCUMENT v3.5.0.2
Reporting Segment Information
 6 Months Ended
Jul. 16, 2016
Segment Reporting [Abstract]  
Reporting Segment Information

Note 15 – Reporting Segment Information

The following tables set forth information about the Company by reporting segment:

 

(In thousands)

Military

 

 

Food Distribution

 

 

Retail

 

 

Total

 

12 Weeks Ended July 16, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales to external customers

$

 

505,418

 

 

$

 

820,328

 

 

$

 

501,816

 

 

$

 

1,827,562

 

Inter-segment sales

 

 

—

 

 

 

 

220,146

 

 

 

 

—

 

 

 

 

220,146

 

Merger integration and acquisition expenses

 

 

—

 

 

 

 

93

 

 

 

 

820

 

 

 

 

913

 

Depreciation and amortization

 

 

2,682

 

 

 

 

4,827

 

 

 

 

10,126

 

 

 

 

17,635

 

Operating earnings

 

 

2,497

 

 

 

 

19,227

 

 

 

 

10,896

 

 

 

 

32,620

 

Capital expenditures

 

 

712

 

 

 

 

4,673

 

 

 

 

17,861

 

 

 

 

23,246

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12 Weeks Ended July 18, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales to external customers

$

 

497,047

 

 

$

 

782,743

 

 

$

 

516,074

 

 

$

 

1,795,864

 

Inter-segment sales

 

 

—

 

 

 

 

229,087

 

 

 

 

—

 

 

 

 

229,087

 

Merger integration and acquisition (benefit) expenses

 

 

—

 

 

 

 

(1,151

)

 

 

 

1,302

 

 

 

 

151

 

Depreciation and amortization

 

 

2,810

 

 

 

 

6,169

 

 

 

 

10,474

 

 

 

 

19,453

 

Operating earnings

 

 

3,895

 

 

 

 

19,406

 

 

 

 

13,493

 

 

 

 

36,794

 

Capital expenditures

 

 

1,795

 

 

 

 

5,542

 

 

 

 

17,125

 

 

 

 

24,462

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

28 Weeks Ended July 16, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales to external customers

$

 

1,179,941

 

 

$

 

1,811,465

 

 

$

 

1,114,926

 

 

$

 

4,106,332

 

Inter-segment sales

 

 

—

 

 

 

 

497,149

 

 

 

 

—

 

 

 

 

497,149

 

Merger integration and acquisition expenses

 

 

1

 

 

 

 

561

 

 

 

 

1,248

 

 

 

 

1,810

 

Depreciation and amortization

 

 

6,157

 

 

 

 

11,297

 

 

 

 

23,550

 

 

 

 

41,004

 

Operating earnings

 

 

5,930

 

 

 

 

45,083

 

 

 

 

3,267

 

 

 

 

54,280

 

Capital expenditures

 

 

3,047

 

 

 

 

10,195

 

 

 

 

28,094

 

 

 

 

41,336

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

28 Weeks Ended July 18, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales to external customers

$

 

1,196,441

 

 

$

 

1,769,178

 

 

$

 

1,142,928

 

 

$

 

4,108,547

 

Inter-segment sales

 

 

—

 

 

 

 

510,362

 

 

 

 

—

 

 

 

 

510,362

 

Merger integration and acquisition expenses

 

 

—

 

 

 

 

1,036

 

 

 

 

1,799

 

 

 

 

2,835

 

Depreciation and amortization

 

 

6,543

 

 

 

 

14,705

 

 

 

 

23,990

 

 

 

 

45,238

 

Operating earnings

 

 

10,053

 

 

 

 

39,655

 

 

 

 

10,939

 

 

 

 

60,647

 

Capital expenditures

 

 

2,379

 

 

 

 

9,095

 

 

 

 

25,712

 

 

 

 

37,186

 

 

(In thousands)

July 16, 2016

 

 

January 2, 2016

 

Total Assets

 

 

 

 

 

 

 

 

 

Military

$

 

410,077

 

 

$

 

415,140

 

Food Distribution

 

 

756,044

 

 

 

 

750,277

 

Retail

 

 

754,620

 

 

 

 

747,359

 

Discontinued operations

 

 

3,122

 

 

 

 

4,487

 

Total

$

 

1,923,863

 

 

$

 

1,917,263

 

 

The Company offers a wide variety of grocery products, general merchandise and health and beauty care, pharmacy, fuel, and other items and services. The following table presents sales by type of similar product and services:

 

 

12 Weeks Ended

 

28 Weeks Ended

(In thousands, except percentages)

July 16, 2016

 

July 18, 2015

 

July 16, 2016

 

July 18, 2015

Non-perishables (1)

$

 

1,134,822

 

 

 

62.1

 

%

 

$

 

1,122,910

 

 

 

62.5

 

%

 

$

 

2,587,398

 

 

 

63.0

 

%

 

$

 

2,595,622

 

 

 

63.1

 

%

Perishables (2)

 

 

582,697

 

 

 

31.9

 

 

 

 

 

570,921

 

 

 

31.8

 

 

 

 

 

1,277,147

 

 

 

31.1

 

 

 

 

 

1,283,954

 

 

 

31.3

 

 

Pharmacy

 

 

80,895

 

 

 

4.4

 

 

 

 

 

69,118

 

 

 

3.9

 

 

 

 

 

185,485

 

 

 

4.5

 

 

 

 

 

161,157

 

 

 

3.9

 

 

Fuel

 

 

29,148

 

 

 

1.6

 

 

 

 

 

32,915

 

 

 

1.8

 

 

 

 

 

56,302

 

 

 

1.4

 

 

 

 

 

67,814

 

 

 

1.7

 

 

Consolidated net sales

$

 

1,827,562

 

 

 

100.0

 

%

 

$

 

1,795,864

 

 

 

100.0

 

%

 

$

 

4,106,332

 

 

 

100.0

 

%

 

$

 

4,108,547

 

 

 

100.0

 

%

(1) 

Consists primarily of general merchandise, grocery, beverages, snacks, tobacco products and frozen foods.

(2) 

Consists primarily of produce, dairy, meat, bakery, deli, floral and seafood.