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Reporting Segment Information
 12 Months Ended
Dec. 30, 2023
Segment Reporting [Abstract]  
Reporting Segment Information

Note 16 – Reportable Segment Information

SpartanNash sells and distributes products that are typically found in supermarkets and discount stores. The Company’s operating segments reflect the manner in which the business is managed and how the Company allocates resources and assesses performance internally. The Company’s Chief Operating Decision Maker is the Chief Executive Officer, who determines the allocation of resources and, through a regular review of financial information, assesses the performance of the operating segments. The business is classified by management into two reportable segments: Wholesale and Retail. These reportable segments are two distinct businesses, each with a different customer base, management structure, and basis for determining budgets, forecasts, and compensation. Where applicable, segment financial information for the comparative prior year periods within this report has been recast to reflect the Company's current reportable segment structure.

The Company reviews its reportable segments on an annual basis, or more frequently if events or circumstances indicate a change in reportable segments has occurred. Refer to Note 2 for information regarding the basis of organization and types of products, services and customers from which the Company derives revenue. The accounting policies of the segments are the same as those described in the summary of significant accounting policies in Note 1. Identifiable assets represent total assets directly associated with the reportable segments. Eliminations in assets identified to segments include intercompany receivables, payables and investments. Capital expenditures primarily relate to store remodels, IT upgrades and implementations, investments in supply chain infrastructure, office remodels, and equipment upgrades.

The following tables set forth information about the Company by reportable segment:

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

Wholesale

 

 

Retail

 

 

Total

 

2023

 

 

 

 

 

 

 

 

 

 

 

Net sales to external customers

$

 

6,919,217

 

 

$

 

2,810,002

 

 

$

 

9,729,219

 

Inter-segment sales

 

 

1,189,438

 

 

 

 

1,332

 

 

 

 

1,190,770

 

Acquisition and integration, net

 

 

216

 

 

 

 

3,200

 

 

 

 

3,416

 

Restructuring and asset impairment, net

 

 

8,548

 

 

 

 

642

 

 

 

 

9,190

 

Depreciation and amortization

 

 

51,535

 

 

 

 

47,104

 

 

 

 

98,639

 

Operating earnings

 

 

87,701

 

 

 

 

19,011

 

 

 

 

106,712

 

Capital expenditures

 

 

75,509

 

 

 

 

44,821

 

 

 

 

120,330

 

 

 

 

 

 

 

 

 

 

 

 

 

2022

 

 

 

 

 

 

 

 

 

 

 

Net sales to external customers

$

 

6,845,236

 

 

$

 

2,797,864

 

 

$

 

9,643,100

 

Inter-segment sales

 

 

1,204,497

 

 

 

 

928

 

 

 

 

1,205,425

 

Acquisition and integration, net

 

 

239

 

 

 

 

104

 

 

 

 

343

 

Restructuring and asset impairment, net

 

 

(2,363

)

 

 

 

3,168

 

 

 

 

805

 

Depreciation and amortization

 

 

47,601

 

 

 

 

46,579

 

 

 

 

94,180

 

Operating earnings

 

 

55,137

 

 

 

 

13,407

 

 

 

 

68,544

 

Capital expenditures

 

 

52,394

 

 

 

 

44,886

 

 

 

 

97,280

 

 

 

 

 

 

 

 

 

 

 

 

 

2021

 

 

 

 

 

 

 

 

 

 

 

Net sales to external customers

$

 

6,349,753

 

 

$

 

2,581,286

 

 

$

 

8,931,039

 

Inter-segment sales

 

 

1,095,647

 

 

 

 

827

 

 

 

 

1,096,474

 

Acquisition and integration, net

 

 

—

 

 

 

 

708

 

 

 

 

708

 

Restructuring and asset impairment, net

 

 

427

 

 

 

 

2,459

 

 

 

 

2,886

 

Depreciation and amortization

 

 

46,487

 

 

 

 

46,224

 

 

 

 

92,711

 

Operating earnings

 

 

45,229

 

 

 

 

66,971

 

 

 

 

112,200

 

Capital expenditures

 

 

46,020

 

 

 

 

33,407

 

 

 

 

79,427

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 30,

 

 

December 31,

 

(In thousands)

 

 

 

 

2023

 

 

2022

 

Total assets

 

 

 

 

 

 

 

 

 

 

 

Wholesale

 

 

 

 

$

 

1,576,182

 

 

$

 

1,525,760

 

Retail

 

 

 

 

 

 

779,393

 

 

 

 

780,801

 

Total

 

 

 

 

$

 

2,355,575

 

 

$

 

2,306,561