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Revenue
 9 Months Ended
Oct. 09, 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:

 

12 Weeks Ended October 9, 2021

 

 

40 Weeks Ended October 9, 2021

 

(In thousands)

Food Distribution

 

 

Retail

 

 

Military

 

 

Total

 

 

Food Distribution

 

 

Retail

 

 

Military

 

 

Total

 

Type of products:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Center store (a)

$

 

344,624

 

 

$

 

235,784

 

 

$

 

214,505

 

 

$

 

794,913

 

 

$

 

1,135,458

 

 

$

 

763,006

 

 

$

 

701,642

 

 

$

 

2,600,106

 

Fresh (b)

 

 

333,895

 

 

 

 

233,347

 

 

 

 

121,157

 

 

 

 

688,399

 

 

 

 

1,144,025

 

 

 

 

758,591

 

 

 

 

420,621

 

 

 

 

2,323,237

 

Non-food (c)

 

 

328,011

 

 

 

 

98,806

 

 

 

 

95,156

 

 

 

 

521,973

 

 

 

 

1,059,067

 

 

 

 

326,543

 

 

 

 

317,024

 

 

 

 

1,702,634

 

Fuel

 

 

—

 

 

 

 

40,544

 

 

 

 

—

 

 

 

 

40,544

 

 

 

 

—

 

 

 

 

118,880

 

 

 

 

—

 

 

 

 

118,880

 

Other

 

 

24,785

 

 

 

 

256

 

 

 

 

2,383

 

 

 

 

27,424

 

 

 

 

83,373

 

 

 

 

1,138

 

 

 

 

8,244

 

 

 

 

92,755

 

Total

$

 

1,031,315

 

 

$

 

608,737

 

 

$

 

433,201

 

 

$

 

2,073,253

 

 

$

 

3,421,923

 

 

$

 

1,968,158

 

 

$

 

1,447,531

 

 

$

 

6,837,612

 

Type of customers:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individuals

$

 

—

 

 

$

 

608,506

 

 

$

 

—

 

 

$

 

608,506

 

 

$

 

—

 

 

$

 

1,967,372

 

 

$

 

—

 

 

$

 

1,967,372

 

Manufacturers, brokers and distributors

 

 

12,231

 

 

 

 

—

 

 

 

 

403,952

 

 

 

 

416,183

 

 

 

 

46,644

 

 

 

 

—

 

 

 

 

1,349,307

 

 

 

 

1,395,951

 

Retailers

 

 

1,008,172

 

 

 

 

—

 

 

 

 

26,866

 

 

 

 

1,035,038

 

 

 

 

3,339,578

 

 

 

 

—

 

 

 

 

89,980

 

 

 

 

3,429,558

 

Other

 

 

10,912

 

 

 

 

231

 

 

 

 

2,383

 

 

 

 

13,526

 

 

 

 

35,701

 

 

 

 

786

 

 

 

 

8,244

 

 

 

 

44,731

 

Total

$

 

1,031,315

 

 

$

 

608,737

 

 

$

 

433,201

 

 

$

 

2,073,253

 

 

$

 

3,421,923

 

 

$

 

1,968,158

 

 

$

 

1,447,531

 

 

$

 

6,837,612

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12 Weeks Ended October 3, 2020

 

 

40 Weeks Ended October 3, 2020

 

(In thousands)

Food Distribution

 

 

Retail

 

 

Military

 

 

Total

 

 

Food Distribution

 

 

Retail

 

 

Military

 

 

Total

 

Type of products:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Center store (a)

$

 

333,988

 

 

$

 

245,652

 

 

$

 

226,507

 

 

$

 

806,147

 

 

$

 

1,144,335

 

 

$

 

837,655

 

 

$

 

790,266

 

 

$

 

2,772,256

 

Fresh (b)

 

 

334,173

 

 

 

 

229,368

 

 

 

 

128,895

 

 

 

 

692,436

 

 

 

 

1,184,091

 

 

 

 

774,498

 

 

 

 

463,013

 

 

 

 

2,421,602

 

Non-food (c)

 

 

324,565

 

 

 

 

94,959

 

 

 

 

94,588

 

 

 

 

514,112

 

 

 

 

1,079,971

 

 

 

 

316,255

 

 

 

 

358,157

 

 

 

 

1,754,383

 

Fuel

 

 

—

 

 

 

 

26,306

 

 

 

 

—

 

 

 

 

26,306

 

 

 

 

—

 

 

 

 

80,946

 

 

 

 

—

 

 

 

 

80,946

 

Other

 

 

19,478

 

 

 

 

374

 

 

 

 

1,963

 

 

 

 

21,815

 

 

 

 

63,164

 

 

 

 

1,129

 

 

 

 

7,893

 

 

 

 

72,186

 

Total

$

 

1,012,204

 

 

$

 

596,659

 

 

$

 

451,953

 

 

$

 

2,060,816

 

 

$

 

3,471,561

 

 

$

 

2,010,483

 

 

$

 

1,619,329

 

 

$

 

7,101,373

 

Type of customers:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individuals

$

 

—

 

 

$

 

596,429

 

 

$

 

—

 

 

$

 

596,429

 

 

$

 

—

 

 

$

 

2,009,802

 

 

$

 

—

 

 

$

 

2,009,802

 

Manufacturers, brokers and distributors

 

 

13,477

 

 

 

 

—

 

 

 

 

422,662

 

 

 

 

436,139

 

 

 

 

64,654

 

 

 

 

—

 

 

 

 

1,510,859

 

 

 

 

1,575,513

 

Retailers

 

 

968,381

 

 

 

 

—

 

 

 

 

27,328

 

 

 

 

995,709

 

 

 

 

3,339,824

 

 

 

 

—

 

 

 

 

100,577

 

 

 

 

3,440,401

 

Other

 

 

30,346

 

 

 

 

230

 

 

 

 

1,963

 

 

 

 

32,539

 

 

 

 

67,083

 

 

 

 

681

 

 

 

 

7,893

 

 

 

 

75,657

 

Total

$

 

1,012,204

 

 

$

 

596,659

 

 

$

 

451,953

 

 

$

 

2,060,816

 

 

$

 

3,471,561

 

 

$

 

2,010,483

 

 

$

 

1,619,329

 

 

$

 

7,101,373

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(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 Credit Losses

Changes to the balance of the allowance for credit losses were as follows:

 

 

 

 

Allowance for Credit Losses

 

 

 

 

 

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

 

 

 

 

 

(1,097

)

 

 

 

360

 

 

 

 

(737

)

Write-offs charged against the allowance

 

 

 

 

 

(693

)

 

 

 

—

 

 

 

 

(693

)

Balance at October 9, 2021

 

 

 

$

 

4,442

 

 

$

 

731

 

 

$

 

5,173

 

 

 

 

 

 

Allowance for Credit Losses

 

 

 

 

 

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

 

Provision for expected credit losses

 

 

 

 

 

583

 

 

 

 

—

 

 

 

 

583

 

Write-offs charged against the allowance

 

 

 

 

 

(202

)

 

 

 

(121

)

 

 

 

(323

)

Balance at October 3, 2020

 

 

 

$

 

5,031

 

 

$

 

371

 

 

$

 

5,402