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Commitments and Contingencies | 4 Months Ended
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Apr. 24, 2021
Commitments And Contingencies Disclosure [Abstract] |
Commitments and Contingencies | Note 7 – Commitments and Contingencies The Company is engaged from time-to-time in routine legal proceedings incidental to its business. The Company does not believe that these routine legal proceedings, taken as a whole, will have a material impact on its business or financial condition. While the ultimate effect of such actions cannot be predicted with certainty, management believes that their outcome will not result in an adverse effect on the Company’s consolidated financial position, operating results or liquidity. The Company contributes to the Central States Southeast and Southwest Pension Fund (“Central States Plan” or “the Plan”), a multi-employer pension plan, based on obligations arising from its collective bargaining agreements. Based on the most recent information available to the Company, management believes that the present value of actuarial accrued liabilities in the Plan significantly exceeds the value of the assets held in trust to pay benefits. Because SpartanNash is one of a number of employers contributing to the Plan, it is difficult to accurately determine the amount of the underfunding. Management is not aware of any significant change in funding levels since January 2, 2021. Any adjustment for withdrawal liability will be recorded when it is probable that a liability exists and can be reasonably determined. On March 10, 2021, the United States Congress passed the American Rescue Plan Act of 2021 (the “Act”), which provides financial relief to failing multiemployer pension plans. The Central States Plan is expected to apply and qualify for relief under the Act. While the Pension Benefit Guaranty Corporation has yet to issue guidance and regulations related to the Act, the legislation is designed to fund the obligations of qualified plans for the next 30 years. The legislation would alleviate the risk of insolvency of the Plan and related potential adverse impacts to the Company.

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