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Revenue
 4 Months Ended
Apr. 24, 2021
Revenue From Contract With Customer [Abstract]  
Revenue

Note 3 – Revenue

Disaggregation of Revenue

The following table provides information about disaggregated revenue by type of products and customers for each of the Company’s reportable segments:

 

 

16 Weeks Ended April 24, 2021

 

(In thousands)

 

Food Distribution

 

 

Retail

 

 

Military

 

 

Total

 

Type of products:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Center store (a)

 

$

 

451,777

 

 

$

 

288,718

 

 

$

 

282,062

 

 

$

 

1,022,557

 

Fresh (b)

 

 

 

447,208

 

 

 

 

283,035

 

 

 

 

169,692

 

 

 

 

899,935

 

Non-food (c)

 

 

 

402,695

 

 

 

 

128,136

 

 

 

 

129,057

 

 

 

 

659,888

 

Fuel

 

 

 

—

 

 

 

 

39,181

 

 

 

 

—

 

 

 

 

39,181

 

Other

 

 

 

32,402

 

 

 

 

374

 

 

 

 

3,462

 

 

 

 

36,238

 

Total

 

$

 

1,334,082

 

 

$

 

739,444

 

 

$

 

584,273

 

 

$

 

2,657,799

 

Type of customers:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individuals

 

$

 

—

 

 

$

 

739,293

 

 

$

 

—

 

 

$

 

739,293

 

Manufacturers, brokers and distributors

 

 

 

18,212

 

 

 

 

—

 

 

 

 

544,384

 

 

 

 

562,596

 

Retailers

 

 

 

1,300,960

 

 

 

 

—

 

 

 

 

36,427

 

 

 

 

1,337,387

 

Other

 

 

 

14,910

 

 

 

 

151

 

 

 

 

3,462

 

 

 

 

18,523

 

Total

 

$

 

1,334,082

 

 

$

 

739,444

 

 

$

 

584,273

 

 

$

 

2,657,799

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

16 Weeks Ended April 18, 2020

 

(In thousands)

 

Food Distribution

 

 

Retail

 

 

Military

 

 

Total

 

Type of products:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Center store (a)

 

$

 

451,321

 

 

$

 

328,326

 

 

$

 

340,296

 

 

$

 

1,119,943

 

Fresh (b)

 

 

 

467,663

 

 

 

 

295,003

 

 

 

 

195,667

 

 

 

 

958,333

 

Non-food (c)

 

 

 

424,312

 

 

 

 

125,845

 

 

 

 

166,321

 

 

 

 

716,478

 

Fuel

 

 

 

—

 

 

 

 

33,000

 

 

 

 

—

 

 

 

 

33,000

 

Other

 

 

 

26,199

 

 

 

 

394

 

 

 

 

2,109

 

 

 

 

28,702

 

Total

 

$

 

1,369,495

 

 

$

 

782,568

 

 

$

 

704,393

 

 

$

 

2,856,456

 

Type of customers:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individuals

 

$

 

—

 

 

$

 

782,333

 

 

$

 

—

 

 

$

 

782,333

 

Manufacturers, brokers and distributors

 

 

 

38,522

 

 

 

 

—

 

 

 

 

658,940

 

 

 

 

697,462

 

Retailers

 

 

 

1,309,422

 

 

 

 

—

 

 

 

 

43,344

 

 

 

 

1,352,766

 

Other

 

 

 

21,551

 

 

 

 

235

 

 

 

 

2,109

 

 

 

 

23,895

 

Total

 

$

 

1,369,495

 

 

$

 

782,568

 

 

$

 

704,393

 

 

$

 

2,856,456

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a) Center store includes dry grocery, frozen and beverages.

 

(b) Fresh includes produce, meat, dairy, deli, bakery, prepared proteins, seafood and floral.

 

 

 

 

 

 

(c) Non-food includes general merchandise, health and beauty care, tobacco products and pharmacy.

 

 

 

 

 

 

Contract Assets and Liabilities

Under its contracts with customers, the Company stands ready to deliver product upon receipt of a purchase order. Accordingly, the Company has no performance obligations under its contracts until its customers submit a purchase order. The Company does not receive pre-payment from its customers or enter into commitments to provide goods or services that have terms greater than one year. As the performance obligation is part of a contract that has an original expected duration of less than one year, the Company has applied the practical expedient under ASC 606 to omit disclosures regarding remaining performance obligations.

Revenue recognized from performance obligations related to prior periods (for example, due to changes in estimated rebates and incentives impacting the transaction price) was not material in any period presented.

For volume-based arrangements, the Company estimates the amount of the advanced funds earned by the retailers based on the expected volume of purchases by the retailer, and amortizes the advances as a reduction of the transaction price and revenue earned. These advances are not considered contract assets under ASC 606 as they are not generated through the transfer of goods or services to the retailers. These advances are included in Other assets, net within the condensed consolidated balance sheets.

When the Company transfers goods or services to a customer, payment is due subject to normal terms and is not conditional on anything other than the passage of time. Typical payment terms range from due upon receipt to 30 days, depending on the customer. At contract inception, the Company expects that the period of time between the transfer of goods to the customer and when the customer pays for those goods will be less than one year, which is consistent with the Company’s standard payment terms. Accordingly, the Company has elected the practical expedient to not adjust for the effects of a significant financing component. As a result, these amounts are recorded as receivables and not contract assets. The Company had no contract assets for any period presented.

The Company does not typically incur incremental costs of obtaining a contract that are contingent upon successful contract execution and would therefore be capitalized.

Allowance for Doubtful Accounts

Changes to the balance of the allowance for doubtful accounts were as follows:

 

 

 

 

Allowance for Doubtful Accounts

 

 

 

 

 

Current Accounts

 

 

Long-term

 

 

 

 

(In thousands)

 

 

 

and Notes Receivable

 

 

Notes Receivable

 

 

Total

 

Balance at January 2, 2021

 

 

 

$

 

6,232

 

 

$

 

371

 

 

$

 

6,603

 

Changes in credit loss estimates

 

 

 

 

 

(78

)

 

 

 

—

 

 

 

 

(78

)

Write-offs charged against the allowance

 

 

 

 

 

(281

)

 

 

 

—

 

 

 

 

(281

)

Balance at April 24, 2021

 

 

 

$

 

5,873

 

 

$

 

371

 

 

$

 

6,244

 

 

 

 

 

 

Allowance for Doubtful Accounts

 

 

 

 

 

Current Accounts

 

 

Long-term

 

 

 

 

(In thousands)

 

 

 

and Notes Receivable

 

 

Notes Receivable

 

 

Total

 

Balance at December 28, 2019

 

 

 

$

 

2,739

 

 

$

 

233

 

 

$

 

2,972

 

Impact of adoption of new credit loss standard (ASU 2016-13)

 

 

 

 

 

1,911

 

 

 

 

259

 

 

 

 

2,170

 

Changes in credit loss estimates

 

 

 

 

 

365

 

 

 

 

—

 

 

 

 

365

 

Write-offs charged against the allowance

 

 

 

 

 

(249

)

 

 

 

—

 

 

 

 

(249

)

Balance at April 18, 2020

 

 

 

$

 

4,766

 

 

$

 

492

 

 

$

 

5,258