XML 35 R25.htm IDEA: XBRL DOCUMENT
v3.23.2

Restructuring and Asset Impairment (Tables) | 6 Months Ended
--- | ---
Jul. 15, 2023
Restructuring and Related Activities [Abstract] |
Schedule of Activity of Reserves for Closed Properties | The following table provides the activity of reserves for closed properties for the 28-week period ended July 15, 2023. Included in the liability are lease-related ancillary costs from the date of closure to the end of the remaining lease term, as well as related severance. 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 the timing of when the obligations are expected to be paid. Reserves for severance are recorded in “Accrued payroll and benefits”.
|  | Reserves for Closed Properties |
|  | Lease |  |  |  |  |  |  |  |  |
|  | Ancillary |  |  |  |  |  |  |  |  |
(In thousands) |  | Costs |  |  | Severance |  |  | Total |
Balance at December 31, 2022 |  | $ |  | 3,977 |  |  | $ |  | — |  |  | $ |  | 3,977 |
Provision for severance |  |  |  | — |  |  |  |  | 20 |  |  |  |  | 20 |
Changes in estimates |  |  |  | 54 |  |  |  |  | — |  |  |  |  | 54 |
Accretion expense |  |  |  | 60 |  |  |  |  | — |  |  |  |  | 60 |
Payments |  |  |  | (699 | ) |  |  |  | (20 | ) |  |  |  | (719 | )
Balance at July 15, 2023 |  | $ |  | 3,392 |  |  | $ |  | — |  |  | $ |  | 3,392 |
Schedule of Restructuring and Asset Impairment, Net | Restructuring and asset impairment, net 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) | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Asset impairment charges (a) | $ |  | — |  |  | $ |  | 3,480 |  |  | $ |  | 3,745 |  |  | $ |  | 3,480 |
Gain on sales of assets related to closed facilities (b) |  |  | (2,529 | ) |  |  |  | (615 | ) |  |  |  | (2,590 | ) |  |  |  | (615 | )
Provision for severance |  |  | 20 |  |  |  |  | — |  |  |  |  | 20 |  |  |  |  | 9 |
Other costs (income) associated with site closures (c) |  |  | 286 |  |  |  |  | (106 | ) |  |  |  | 600 |  |  |  |  | (75 | )
Lease termination adjustments (d) |  |  | — |  |  |  |  | (102 | ) |  |  |  | — |  |  |  |  | (102 | )
Changes in estimates (e) |  |  | (31 | ) |  |  |  | (46 | ) |  |  |  | 54 |  |  |  |  | (73 | )
Total | $ |  | (2,254 | ) |  | $ |  | 2,611 |  |  | $ |  | 1,829 |  |  | $ |  | 2,624 |
(a) Asset impairment charges in the current year relate to two store closures within the Retail segment and impairment losses related to a distribution location that sustained significant storm damage within the Wholesale segment. In the prior year, asset impairment charges related to restructuring of the Retail segment's e-commerce delivery model. (b) Gains on sale of assets in the current year primarily relate to the sale of a store within the Retail segment. Gains on sales of assets in the prior year relates to the sales of real property of previously closed locations within the Retail segment. (c) Other costs in the current year primarily relate to Retail store closings. In the prior year, activity primarily relates to restructuring activity within the Wholesale segment and Retail store closings. (d) Lease termination adjustments in the prior year relate to the gain recognized upon termination of a lease agreement. (e) Changes in estimates primarily relate to revised estimates for turnover and other lease ancillary costs associated with previously closed locations.

X
- References No definition available. + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-2 + Details
Name: | us-gaap_ScheduleOfRestructuringAndRelatedCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(b)(2)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-2 + Details
Name: | us-gaap_ScheduleOfRestructuringReserveByTypeOfCostTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration