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Restructuring Charges and Asset Impairment | 6 Months Ended
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Jul. 15, 2017
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 first quarter of 2017. 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 December 31, 2016 |  |  |  | $ |  | 21,932 |  |  | $ |  | — |  |  | $ |  | 21,932 |
Provision for closing charges (a) |  |  |  |  |  | 405 |  |  |  |  | — |  |  |  |  | 405 |
Provision for severance (b) |  |  |  |  |  | — |  |  |  |  | 545 |  |  |  |  | 545 |
Lease termination adjustment (c) |  |  |  |  |  | (1,910 | ) |  |  |  | — |  |  |  |  | (1,910 | )
Accretion expense |  |  |  |  |  | 302 |  |  |  |  | — |  |  |  |  | 302 |
Payments |  |  |  |  |  | (3,681 | ) |  |  |  | (379 | ) |  |  |  | (4,060 | )
Balance at July 15, 2017 |  |  |  | $ |  | 17,048 |  |  | $ |  | 166 |  |  | $ |  | 17,214 |
(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 store closings in the Retail segment and a distribution center closing in the Food Distribution segment.
(c) | The lease termination adjustment represents the benefit recognized in connection with a lease buyout on a previously closed store. The lease liability was formerly included in the Company’s restructuring cost liability based on initial estimates.
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 15, |  |  | July 16, |  |  | July 15, |  |  | July 16, |
(In thousands) | 2017 |  |  | 2016 |  |  | 2017 |  |  | 2016 |
Asset impairment charges (a) | $ |  | — |  |  | $ |  | 3,483 |  |  | $ |  | 521 |  |  | $ |  | 3,483 |
Provision for closing charges (b) |  |  | — |  |  |  |  | 718 |  |  |  |  | 405 |  |  |  |  | 13,171 |
Loss (gain) on sales of assets related to closed facilities (c) |  |  | 850 |  |  |  |  | (101 | ) |  |  |  | 673 |  |  |  |  | 266 |
Provision for severance (d) |  |  | 10 |  |  |  |  | — |  |  |  |  | 545 |  |  |  |  | 895 |
Other costs associated with distribution center and store closings (e) |  |  | 477 |  |  |  |  | 1,334 |  |  |  |  | 774 |  |  |  |  | 3,103 |
Changes in estimates (f) |  |  | — |  |  |  |  | 314 |  |  |  |  | — |  |  |  |  | 434 |
Lease termination adjustment (g) |  |  | (1,351 | ) |  |  |  | — |  |  |  |  | (1,910 | ) |  |  |  | (300 | )
| $ |  | (14 | ) |  | $ |  | 5,748 |  |  | $ |  | 1,008 |  |  | $ |  | 21,052 |
(a) | Asset impairment charges were incurred in the Retail segment in conjunction with the Company’s retail store rationalization plan.
(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 (gain) loss on sales of assets resulted from the sales of previously closed retail stores and a food distribution center.
(d) | The provision for severance relates to distribution center closings in the Food Distribution segment and store closings in the Retail 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 certain 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 distribution centers in the Food Distribution segment.
(g) | The lease termination adjustments represent the benefits recognized in connection with lease buyouts on previously closed stores in the Retail segment.

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- References No definition available. + Details
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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 -URI http://asc.fasb.org/topic&trid=2175745 + Details
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