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v3.22.1

Revenue | 4 Months Ended
--- | ---
Apr. 23, 2022
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 23, 2022 |
(In thousands) | Food Distribution |  |  | Retail |  |  | Military |  |  | Total |
Type of products: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Center store (a) | $ |  | 473,364 |  |  | $ |  | 295,056 |  |  | $ |  | 294,289 |  |  | $ |  | 1,062,709 |
Fresh (b) |  |  | 446,953 |  |  |  |  | 299,879 |  |  |  |  | 181,101 |  |  |  |  | 927,933 |
Non-food (c) |  |  | 420,735 |  |  |  |  | 131,431 |  |  |  |  | 132,404 |  |  |  |  | 684,570 |
Fuel |  |  | — |  |  |  |  | 54,591 |  |  |  |  | — |  |  |  |  | 54,591 |
Other |  |  | 29,805 |  |  |  |  | 322 |  |  |  |  | 3,728 |  |  |  |  | 33,855 |
Total | $ |  | 1,370,857 |  |  | $ |  | 781,279 |  |  | $ |  | 611,522 |  |  | $ |  | 2,763,658 |
Type of customers: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individuals | $ |  | — |  |  | $ |  | 780,959 |  |  | $ |  | — |  |  | $ |  | 780,959 |
Manufacturers, brokers and distributors |  |  | 20,425 |  |  |  |  | — |  |  |  |  | 564,731 |  |  |  |  | 585,156 |
Retailers |  |  | 1,338,852 |  |  |  |  | — |  |  |  |  | 43,063 |  |  |  |  | 1,381,915 |
Other |  |  | 11,580 |  |  |  |  | 320 |  |  |  |  | 3,728 |  |  |  |  | 15,628 |
Total | $ |  | 1,370,857 |  |  | $ |  | 781,279 |  |  | $ |  | 611,522 |  |  | $ |  | 2,763,658 |
| 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 |
(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, Revenue from Contracts with Customers, 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 1, 2022 |  |  |  | $ |  | 4,414 |  |  | $ |  | 731 |  |  | $ |  | 5,145 |
Changes in credit loss estimates |  |  |  |  |  | 330 |  |  |  |  | — |  |  |  |  | 330 |
Write-offs charged against the allowance |  |  |  |  |  | (91 | ) |  |  |  | — |  |  |  |  | (91 | )
Balance at April 23, 2022 |  |  |  | $ |  | 4,653 |  |  | $ |  | 731 |  |  | $ |  | 5,384 |
|  |  |  | 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 |  |  |  |  |  | (78 | ) |  |  |  | — |  |  |  |  | (78 | )
Write-offs charged against the allowance |  |  |  |  |  | (281 | ) |  |  |  | — |  |  |  |  | (281 | )
Balance at April 24, 2021 |  |  |  | $ |  | 5,873 |  |  | $ |  | 371 |  |  | $ |  | 6,244 |

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 + Details
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