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Restructuring and Asset Impairment (Tables) | 4 Months Ended
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Apr. 19, 2025
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 16-week period ended April 19, 2025. 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 |
(In thousands) |  | Lease Ancillary Costs |  |  | Severance |  |  | Total |
Balance at December 28, 2024 |  | $ |  | 6,043 |  |  | $ |  | 11 |  |  | $ |  | 6,054 |
Provision for closing charges |  |  |  | 2,605 |  |  |  |  | — |  |  |  |  | 2,605 |
Lease termination adjustments |  |  |  | (3,497 | ) |  |  |  | — |  |  |  |  | (3,497 | )
Changes in estimates |  |  |  | (33 | ) |  |  |  | — |  |  |  |  | (33 | )
Accretion expense |  |  |  | 85 |  |  |  |  | — |  |  |  |  | 85 |
Payments |  |  |  | (804 | ) |  |  |  | (11 | ) |  |  |  | (815 | )
Balance at April 19, 2025 |  | $ |  | 4,399 |  |  | $ |  | — |  |  | $ |  | 4,399 |
Schedule of Restructuring and Asset Impairment, Net | Restructuring and asset impairment, net in the condensed consolidated statements of earnings consisted of the following:
| 16 Weeks Ended |
(In thousands) | April 19, 2025 |  |  | April 20, 2024 |
Asset impairment charges (a) | $ |  | 153 |  |  | $ |  | 6,121 |
(Gain) loss on sales of assets related to closed facilities |  |  | (140 | ) |  |  |  | 51 |
Provision for closing charges (b) |  |  | 2,605 |  |  |  |  | — |
Other costs (income) associated with site closures (c) |  |  | 1,054 |  |  |  |  | (254 | )
Lease termination adjustments (d) |  |  | (4,007 | ) |  |  |  | (150 | )
Changes in estimates |  |  | (33 | ) |  |  |  | — |
Total | $ |  | (368 | ) |  | $ |  | 5,768 |
(a) Asset impairment charges in the current year and prior year were incurred on long-lived assets in the Retail segment due to changes in the competitive environment. (b) Provision for closing charges in the current year relate to the closure of four stores within the Retail segment. (c) Other costs activity in the current year primarily relates to site closures within both segments. (d) Lease termination adjustments in the current year relate to gains recognized to terminate a lease agreement, which included the write-off of the lease liability totaling $0.5 million and the write-off of ancillary lease costs included in the reserve for closed properties totaling $3.5 million.

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- 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 -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -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 -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 3: 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 + Details
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- 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 -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -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 Reference 2: 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 + Details
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