Document and Entity Information
Document and Entity Information - shares | 6 Months Ended | |
Jul. 13, 2019 | Aug. 19, 2019 | |
Document And Entity Information [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Jul. 13, 2019 | |
Document Fiscal Year Focus | 2019 | |
Document Fiscal Period Focus | Q2 | |
Trading Symbol | SPTN | |
Entity Registrant Name | SPARTANNASH COMPANY | |
Entity Central Index Key | 0000877422 | |
Current Fiscal Year End Date | --12-28 | |
Entity Filer Category | Large Accelerated Filer | |
Entity Small Business | false | |
Entity Emerging Growth Company | false | |
Entity Common Stock, Shares Outstanding | 36,334,477 | |
Entity Shell Company | false | |
Entity Current Reporting Status | Yes | |
Entity File Number | 000-31127 | |
Entity Tax Identification Number | 380593940 | |
Entity Address, Address Line One | 850 76th Street, S.W. | |
Entity Address, Address Line Two | P.O. Box 8700 | |
Entity Address, City or Town | Grand Rapids | |
Entity Address, State or Province | Michigan | |
Entity Address, Postal Zip Code | 49518 | |
City Area Code | 616 | |
Local Phone Number | 878-2000 |
CONDENSED CONSOLIDATED BALANCE
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands | Jul. 13, 2019 | Dec. 29, 2018 |
Current assets | ||
Cash and cash equivalents | $ 19,949 | $ 18,585 |
Accounts and notes receivable, net | 362,605 | 346,260 |
Inventories, net | 572,723 | 553,799 |
Prepaid expenses and other current assets | 43,219 | 73,798 |
Property and equipment held for sale | 8,654 | |
Total current assets | 998,496 | 1,001,096 |
Property and equipment, net | 619,613 | 579,060 |
Goodwill | 181,035 | 178,648 |
Intangible assets, net | 129,131 | 128,926 |
Operating lease assets | 274,336 | |
Other assets, net | 89,353 | 84,182 |
Total assets | 2,291,964 | 1,971,912 |
Current liabilities | ||
Accounts payable | 406,896 | 357,802 |
Accrued payroll and benefits | 53,072 | 57,180 |
Other accrued expenses | 48,306 | 43,206 |
Current portion of operating lease liabilities | 41,767 | |
Current portion of long-term debt and finance lease liabilities | 17,709 | 18,263 |
Total current liabilities | 567,750 | 476,451 |
Long-term liabilities | ||
Deferred income taxes | 43,200 | 49,254 |
Operating lease liabilities | 276,888 | |
Other long-term liabilities | 31,954 | 50,463 |
Long-term debt and finance lease liabilities | 684,527 | 679,797 |
Total long-term liabilities | 1,036,569 | 779,514 |
Commitments and contingencies (Note 8) | ||
Shareholders’ equity | ||
Common stock, voting, no par value; 100,000 shares authorized; 36,334 and 35,952 shares outstanding | 488,947 | 484,064 |
Preferred stock, no par value, 10,000 shares authorized; no shares outstanding | ||
Accumulated other comprehensive loss | (8,932) | (15,759) |
Retained earnings | 207,630 | 247,642 |
Total shareholders’ equity | 687,645 | 715,947 |
Total liabilities and shareholders’ equity | $ 2,291,964 | $ 1,971,912 |
CONDENSED CONSOLIDATED BALANC_2
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares | Jul. 13, 2019 | Dec. 29, 2018 |
Statement Of Financial Position [Abstract] | ||
Common stock, par value | ||
Common stock, shares authorized | 100,000,000 | 100,000,000 |
Common stock, shares outstanding | 36,334,000 | 35,952,000 |
Preferred stock, par value | ||
Preferred stock, shares authorized | 10,000,000 | 10,000,000 |
Preferred stock, shares outstanding | 0 | 0 |
CONDENSED CONSOLIDATED STATEMEN
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jul. 13, 2019 | Jul. 14, 2018 | Jul. 13, 2019 | Jul. 14, 2018 | |
Income Statement [Abstract] | ||||
Net sales | $ 1,995,929 | $ 1,895,953 | $ 4,538,304 | $ 4,281,026 |
Cost of sales | 1,706,922 | 1,630,293 | 3,871,568 | 3,672,152 |
Gross profit | 289,007 | 265,660 | 666,736 | 608,874 |
Operating expenses | ||||
Selling, general and administrative | 266,474 | 236,202 | 626,874 | 545,261 |
Merger/acquisition and integration | 582 | 804 | 1,364 | 3,010 |
Restructuring charges (gains) and asset impairment | 14,581 | (1,164) | 8,919 | 5,037 |
Total operating expenses | 281,637 | 235,842 | 637,157 | 553,308 |
Operating earnings | 7,370 | 29,818 | 29,579 | 55,566 |
Other expenses and (income) | ||||
Interest expense | 8,696 | 6,969 | 20,577 | 15,747 |
Postretirement benefit expense (income) | 8,821 | (10) | 9,456 | (14) |
Other, net | (439) | (226) | (891) | (447) |
Total other expenses, net | 17,078 | 6,733 | 29,142 | 15,286 |
(Loss) earnings before income taxes and discontinued operations | (9,708) | 23,085 | 437 | 40,280 |
Income tax (benefit) expense | (2,941) | 5,247 | (317) | 10,007 |
(Loss) earnings from continuing operations | (6,767) | 17,838 | 754 | 30,273 |
Loss from discontinued operations, net of taxes | (47) | (66) | (99) | (158) |
Net (loss) earnings | $ (6,814) | $ 17,772 | $ 655 | $ 30,115 |
Basic (loss) earnings per share: | ||||
(Loss) earnings from continuing operations | $ (0.19) | $ 0.50 | $ 0.02 | $ 0.84 |
Loss from discontinued operations | (0.01) | (0.01) | ||
Net (loss) earnings | (0.19) | 0.49 | 0.02 | 0.83 |
Diluted (loss) earnings per share: | ||||
(Loss) earnings from continuing operations | (0.19) | 0.50 | 0.02 | 0.84 |
Loss from discontinued operations | (0.01) | (0.01) | ||
Net (loss) earnings | $ (0.19) | $ 0.49 | $ 0.02 | $ 0.83 |
CONDENSED CONSOLIDATED STATEM_2
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jul. 13, 2019 | Jul. 14, 2018 | Jul. 13, 2019 | Jul. 14, 2018 | |
Statement Of Income And Comprehensive Income [Abstract] | ||||
Net (loss) earnings | $ (6,814) | $ 17,772 | $ 655 | $ 30,115 |
Other comprehensive income, before tax | ||||
Pension and postretirement liability adjustment | 8,937 | 84 | 9,016 | 195 |
Income tax expense related to items of other comprehensive income | (2,170) | (21) | (2,189) | (48) |
Total other comprehensive income, after tax | 6,767 | 63 | 6,827 | 147 |
Comprehensive (loss) income | $ (47) | $ 17,835 | $ 7,482 | $ 30,262 |
CONDENSED CONSOLIDATED STATEM_3
CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Unaudited) - USD ($) shares in Thousands, $ in Thousands | Total | Common Stock [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Retained Earnings [Member] |
Balance, value at Dec. 30, 2017 | $ 721,950 | $ 497,093 | $ (15,136) | $ 239,993 |
Balance, shares at Dec. 30, 2017 | 36,466 | |||
Net (loss) earnings | 12,343 | 12,343 | ||
Other comprehensive income | 84 | 84 | ||
Dividends | (6,526) | (6,526) | ||
Share repurchases, value | (20,000) | $ (20,000) | ||
Share repurchases, shares | (952) | |||
Stock-based employee compensation | 5,290 | $ 5,290 | ||
Issuances of common stock on stock option exercises and for stock bonus plan and associate stock purchase plan, value | 470 | $ 470 | ||
Issuances of common stock on stock option exercises and for stock bonus plan and associate stock purchase plan, shares | 24 | |||
Issuances of restricted stock, shares | 472 | |||
Cancellations of stock-based awards, value | (1,567) | $ (1,567) | ||
Cancellations of stock-based awards, shares | (87) | |||
Balance, value at Apr. 21, 2018 | 712,044 | $ 481,286 | (15,052) | 245,810 |
Balance, shares at Apr. 21, 2018 | 35,923 | |||
Balance, value at Dec. 30, 2017 | 721,950 | $ 497,093 | (15,136) | 239,993 |
Balance, shares at Dec. 30, 2017 | 36,466 | |||
Net (loss) earnings | 30,115 | |||
Other comprehensive income | 147 | |||
Balance, value at Jul. 14, 2018 | 724,466 | $ 482,330 | (14,989) | 257,125 |
Balance, shares at Jul. 14, 2018 | 35,934 | |||
Balance, value at Apr. 21, 2018 | 712,044 | $ 481,286 | (15,052) | 245,810 |
Balance, shares at Apr. 21, 2018 | 35,923 | |||
Net (loss) earnings | 17,772 | 17,772 | ||
Other comprehensive income | 63 | 63 | ||
Dividends | (6,457) | (6,457) | ||
Stock-based employee compensation | 977 | $ 977 | ||
Issuances of common stock on stock option exercises and for stock bonus plan and associate stock purchase plan, value | 104 | $ 104 | ||
Issuances of common stock on stock option exercises and for stock bonus plan and associate stock purchase plan, shares | 4 | |||
Issuances of restricted stock, shares | 9 | |||
Cancellations of stock-based awards, value | (37) | $ (37) | ||
Cancellations of stock-based awards, shares | (2) | |||
Balance, value at Jul. 14, 2018 | 724,466 | $ 482,330 | (14,989) | 257,125 |
Balance, shares at Jul. 14, 2018 | 35,934 | |||
Balance, value at Dec. 29, 2018 | $ 715,947 | $ 484,064 | (15,759) | 247,642 |
Balance, shares at Dec. 29, 2018 | 35,952 | 35,952 | ||
Impact of adoption of new lease standard (ASU 2016-02) | (ASU 2016-02) [Member] | $ (26,863) | (26,863) | ||
Net (loss) earnings | 7,469 | 7,469 | ||
Other comprehensive income | 60 | 60 | ||
Dividends | (6,902) | (6,902) | ||
Stock-based employee compensation | 5,383 | $ 5,383 | ||
Issuances of common stock on stock option exercises and for stock bonus plan and associate stock purchase plan, value | 452 | $ 452 | ||
Issuances of common stock on stock option exercises and for stock bonus plan and associate stock purchase plan, shares | 30 | |||
Issuances of restricted stock, shares | 444 | |||
Cancellations of stock-based awards, value | (1,744) | $ (1,744) | ||
Cancellations of stock-based awards, shares | (107) | |||
Balance, value at Apr. 20, 2019 | 693,802 | $ 488,155 | (15,699) | 221,346 |
Balance, shares at Apr. 20, 2019 | 36,319 | |||
Balance, value at Dec. 29, 2018 | $ 715,947 | $ 484,064 | (15,759) | 247,642 |
Balance, shares at Dec. 29, 2018 | 35,952 | 35,952 | ||
Net (loss) earnings | $ 655 | |||
Other comprehensive income | 6,827 | |||
Balance, value at Jul. 13, 2019 | $ 687,645 | $ 488,947 | (8,932) | 207,630 |
Balance, shares at Jul. 13, 2019 | 36,334 | 36,334 | ||
Balance, value at Apr. 20, 2019 | $ 693,802 | $ 488,155 | (15,699) | 221,346 |
Balance, shares at Apr. 20, 2019 | 36,319 | |||
Net (loss) earnings | (6,814) | (6,814) | ||
Other comprehensive income | 6,767 | 6,767 | ||
Dividends | (6,902) | (6,902) | ||
Stock-based employee compensation | 715 | $ 715 | ||
Issuances of common stock on stock option exercises and for stock bonus plan and associate stock purchase plan, value | 99 | $ 99 | ||
Issuances of common stock on stock option exercises and for stock bonus plan and associate stock purchase plan, shares | 8 | |||
Issuances of restricted stock, shares | 22 | |||
Cancellations of stock-based awards, value | (22) | $ (22) | ||
Cancellations of stock-based awards, shares | (15) | |||
Balance, value at Jul. 13, 2019 | $ 687,645 | $ 488,947 | $ (8,932) | $ 207,630 |
Balance, shares at Jul. 13, 2019 | 36,334 | 36,334 |
CONDENSED CONSOLIDATED STATEM_4
CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Unaudited) (Parenthetical) - $ / shares | 3 Months Ended | 4 Months Ended | ||
Jul. 13, 2019 | Jul. 14, 2018 | Apr. 20, 2019 | Apr. 21, 2018 | |
Statement Of Stockholders Equity [Abstract] | ||||
Dividends per share | $ 0.19 | $ 0.18 | $ 0.19 | $ 0.18 |
CONDENSED CONSOLIDATED STATEM_5
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands | 6 Months Ended | |
Jul. 13, 2019 | Jul. 14, 2018 | |
Cash flows from operating activities | ||
Net earnings | $ 655 | $ 30,115 |
Loss from discontinued operations, net of tax | 99 | 158 |
Earnings from continuing operations | 754 | 30,273 |
Adjustments to reconcile net earnings to net cash provided by operating activities: | ||
Non-cash restructuring, asset impairment, and other charges | 15,226 | 5,189 |
Depreciation and amortization | 48,496 | 44,877 |
Non-cash rent | (4,202) | (632) |
LIFO expense | 2,493 | 1,694 |
Pension termination settlement expense | 8,877 | |
Postretirement benefits income | (1,092) | (244) |
Deferred taxes on income | 2,509 | 7,077 |
Stock-based compensation expense | 6,098 | 6,267 |
Postretirement benefit plan contributions | (231) | (181) |
Gain on disposals of assets | (6,863) | (89) |
Changes in operating assets and liabilities: | ||
Accounts receivable | (15,480) | (9,258) |
Inventories | 12,755 | 32,641 |
Prepaid expenses and other assets | (41) | (430) |
Accounts payable | 37,216 | (10,390) |
Accrued payroll and benefits | (8,348) | (5,373) |
Other accrued expenses and other liabilities | 5,669 | 2,879 |
Net cash provided by operating activities | 103,836 | 104,300 |
Cash flows from investing activities | ||
Purchases of property and equipment | (31,771) | (34,596) |
Net proceeds from the sale of assets | 16,129 | 6,139 |
Acquisitions, net of cash acquired | (86,659) | |
Loans to customers | (2,292) | (698) |
Payments from customers on loans | 2,034 | 1,021 |
Other | (50) | (7) |
Net cash used in investing activities | (102,609) | (28,141) |
Cash flows from financing activities | ||
Proceeds from senior secured revolving credit facility | 623,276 | 486,095 |
Payments on senior secured revolving credit facility | (618,180) | (522,367) |
Proceeds from other long-term debt | 5,800 | |
Repayment of other long-term debt and finance lease liabilities | (9,758) | (4,790) |
Financing fees paid | (482) | (122) |
Proceeds from resolution of acquisition contingencies | 15,000 | |
Share repurchase | (20,000) | |
Net payments related to stock-based award activities | (1,766) | (1,604) |
Proceeds from exercise of stock options | 181 | |
Dividends paid | (13,804) | (12,983) |
Net cash provided by (used in) financing activities | 267 | (75,771) |
Cash flows from discontinued operations | ||
Net cash used in operating activities | (130) | (142) |
Net cash used in discontinued operations | (130) | (142) |
Net increase in cash and cash equivalents | 1,364 | 246 |
Cash and cash equivalents at beginning of period | 18,585 | 15,667 |
Cash and cash equivalents at end of period | $ 19,949 | $ 15,913 |
Summary of Significant Accounti
Summary of Significant Accounting Policies and Basis of Presentation | 6 Months Ended |
Jul. 13, 2019 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies and Basis of Presentation | Note 1 – Summary of Significant Accounting Policies and Basis of Presentation The accompanying unaudited condensed consolidated financial statements are prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and include the accounts of SpartanNash Company and its subsidiaries (“SpartanNash” or “the Company”). Intercompany accounts and transactions have been eliminated. For further information, refer to the consolidated financial statements and footnotes included in the Company’s Annual Report on Form 10-K for the year ended December 29, 2018. In the opinion of management, the accompanying condensed consolidated financial statements, taken as a whole, contain all adjustments, including normal recurring items, necessary to present fairly the financial position of SpartanNash as of July 13, 2019, and the results of its operations and cash flows for the interim periods presented. Interim results are not necessarily indicative of results for a full year. The unaudited information in the condensed consolidated financial statements for the second quarter and year to date periods |
Adoption of New Accounting Stan
Adoption of New Accounting Standards and Recently Issued Accounting Standards | 6 Months Ended |
Jul. 13, 2019 | |
Accounting Changes And Error Corrections [Abstract] | |
Adoption of New Accounting Standards and Recently Issued Accounting Standards | Note 2 – Adoption of New Accounting Standards and Recently Issued Accounting Standards In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-02, “Leases.” The FASB subsequently issued ASUs 2018-01, 2018-10, 2018-11, and 2019-01, which include clarifications and provide various practical expedients and transition options related to ASU 2016-02. ASU 2016-02 provides guidance for lease accounting and stipulates that lessees need to recognize a right-of-use asset and a lease liability for substantially all leases (other than leases that meet the definition of a short-term lease). The liability is equal to the present value of future rent payments. Treatment in the consolidated statements of earnings is similar to the previous treatment of operating and capital leases. In the first quarter of 2019, the Company adopted this standard retrospectively through a cumulative-effect adjustment recorded at the beginning of 2019. The Company has elected the practical expedient available under the guidance to not adjust comparative periods presented. In addition, the Company elected the package of practical expedients permitted under the transition guidance within the new standard, which among other things, allow for a carry forward of the historical lease classification. The Company elected the hindsight practical expedient to reevaluate the lease term for existing leases. The election of the hindsight practical expedient resulted in the extension or reduction of lease terms for certain existing leases and adjustments to the useful lives of corresponding leasehold improvements. In the application of hindsight, the Company estimated the expected lease term based on management’s plans, including the performance of the leased properties and the associated market dynamics in relation to the overall operational, real estate and capital planning strategies of the Company. The adoption of the new standard resulted in the recognition of operating lease assets and liabilities of $241.8 million and $292.3 million, respectively, as of the beginning of 2019. The adoption of the standard also resulted in a transition adjustment to beginning of the year retained earnings of $26.9 million (net of deferred tax impact of $8.5 million). The transition adjustment relates to impairment of right of use assets included in previously impaired asset groups and the impact of hindsight on the evaluation of lease term. Remaining differences between lease assets and liabilities relate to the derecognition of lease-related liabilities and assets recorded under ASC 840, which were included in beginning lease liabilities or assets under ASC 842. |
Revenue
Revenue | 6 Months Ended |
Jul. 13, 2019 | |
Revenue From Contract With Customer [Abstract] | |
Revenue | N ote 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 July 13, 2019 28 Weeks Ended July 13, 2019 (In thousands) Food Distribution Military Retail Total Food Distribution Military Retail Total Type of products: Center store (a) $ 268,299 $ 226,031 $ 219,753 $ 714,083 $ 623,770 $ 536,441 $ 490,526 $ 1,650,737 Fresh (b) 343,853 146,201 218,942 708,996 772,621 343,223 481,889 1,597,733 Non-food (c) 303,043 116,574 92,618 512,235 666,037 278,630 219,013 1,163,680 Fuel — — 38,336 38,336 — — 79,585 79,585 Other 20,188 1,765 326 22,279 42,193 3,647 729 46,569 Total $ 935,383 $ 490,571 $ 569,975 $ 1,995,929 $ 2,104,621 $ 1,161,941 $ 1,271,742 $ 4,538,304 Type of customers: Individuals $ — $ — $ 569,792 $ 569,792 $ — $ — $ 1,271,274 $ 1,271,274 Manufacturers, brokers and distributors 41,196 468,242 — 509,438 101,907 1,110,878 — 1,212,785 Retailers 877,685 20,564 — 898,249 1,969,160 47,416 — 2,016,576 Other 16,502 1,765 183 18,450 33,554 3,647 468 37,669 Total $ 935,383 $ 490,571 $ 569,975 $ 1,995,929 $ 2,104,621 $ 1,161,941 $ 1,271,742 $ 4,538,304 12 Weeks Ended July 14, 2018 28 Weeks Ended July 14, 2018 (In thousands) Food Distribution Military Retail Total Food Distribution Military Retail Total Type of products: Center store (a) $ 286,487 $ 234,777 $ 179,564 $ 700,828 $ 646,630 $ 557,135 $ 400,856 $ 1,604,621 Fresh (b) 359,232 135,133 170,590 664,955 790,830 314,182 376,175 1,481,187 Non-food (c) 277,913 118,188 78,251 474,352 617,109 278,536 177,864 1,073,509 Fuel — — 35,979 35,979 — — 75,442 75,442 Other 18,070 1,556 213 19,839 42,344 3,421 502 46,267 Total $ 941,702 $ 489,654 $ 464,597 $ 1,895,953 $ 2,096,913 $ 1,153,274 $ 1,030,839 $ 4,281,026 Type of customers: Individuals $ — $ — $ 464,384 $ 464,384 $ — $ — $ 1,030,337 $ 1,030,337 Manufacturers, brokers and distributors 47,244 472,991 — 520,235 108,868 1,118,668 — 1,227,536 Retailers 880,429 15,107 — 895,536 1,955,260 31,185 — 1,986,445 Other 14,029 1,556 213 15,798 32,785 3,421 502 36,708 Total $ 941,702 $ 489,654 $ 464,597 $ 1,895,953 $ 2,096,913 $ 1,153,274 $ 1,030,839 $ 4,281,026 (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 In the ordinary course of business, the Company may advance funds to certain independent retailers which are earned by the retailers primarily through achieving specified purchase volume requirements, as outlined in their supply agreements with the Company, or in limited instances, for remaining a SpartanNash customer for a specified time period. These advances must be repaid if the purchase volume requirements are not met or if the retailer no longer remains a customer for the specified time period. 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 on the Company’s 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 type of customer and relationship. 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 under ASC 606 to not adjust for the effects of a significant financing component. As such, 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. |
Acquisitions
Acquisitions | 6 Months Ended |
Jul. 13, 2019 | |
Business Combinations [Abstract] | |
Acquisitions | N ote 4 – Acquisitions On December 31, 2018, the Company acquired all of the outstanding shares of Martin’s Super Markets, Inc. (“Martin’s”) for $86.7 million, net of $7.8 million of cash acquired. Acquired assets consist primarily of property and equipment of $55.0 million, intangible assets of $20.7 million, and working capital. Intangible assets are primarily composed of an indefinite-lived trade name of $17.5 million and customer lists of $3.1 million which are amortized over seven years. The acquired assets and assumed liabilities were recorded at their estimated fair values as of the acquisition date based on preliminary estimates. These estimates are subject to revision upon the finalization of the valuations of the acquired real estate, inventory and intangible assets. Any adjustments will be made prior to December 31, 2019. No goodwill was recorded related to the acquisition. As of July 13, 2019, the Company has incurred $2.4 million of merger/acquisition and integration costs related to the acquisition, of which $1.2 million was incurred in 2019. Martin’s currently operates 21 stores in Northern Indiana and Southwest Michigan with approximately 3,500 employees. Martin’s was an independent retailer and customer of the Company’s Food Distribution segment prior to the acquisition. Subsequent to the acquisition sales from the Food Distribution segment to Martin’s stores are eliminated. The acquisition expanded the footprint of the Company’s Retail segment into adjacent geographies in northern Indiana and southwestern Michigan. |
Goodwill and Other Intangible A
Goodwill and Other Intangible Assets | 6 Months Ended |
Jul. 13, 2019 | |
Goodwill And Intangible Assets Disclosure [Abstract] | |
Goodwill and Other Intangible Assets | Note 5 – Goodwill and Other Intangible Assets The Company has three reporting units; however, no goodwill exists within the Military or Retail reporting units. Changes in the carrying amount of goodwill within the Food Distribution reporting unit were as follows: (In thousands) Goodwill Balance at December 29, 2018 $ 178,648 Acquisitions (Note 8) 2,387 Balance at July 13, 2019 $ 181,035 The Company reviews goodwill and other indefinite-lived intangible assets for impairment annually, during the fourth quarter of each year, and more frequently if circumstances indicate a risk of impairment. Testing goodwill and other indefinite-lived intangible assets for impairment requires management to make significant estimates about the Company’s future performance, cash flows, and other assumptions that can be affected by potential changes in economic, industry or market conditions, business operations, competition, or the Company’s stock price and market capitalization. Beginning at the end of the first quarter and into the second quarter of 2019 the decline in the Company’s stock price substantially decreased market capitalization, and the decline became sustained during the second quarter. The Company recognized this event as an indicator of impairment and performed an interim goodwill impairment test during the second quarter. As a result of the test, the Company concluded that the fair value of the Food Distribution reporting unit was substantially in excess of its carrying value. The Company has indefinite-lived intangible assets that are not amortized, consisting primarily of indefinite-lived trade names and licenses for the sale of alcoholic beverages. Changes in the carrying amount of indefinite-lived intangible assets were as follows: (In thousands) Indefinite-lived Intangible Assets Balance at December 29, 2018 $ 69,746 Acquisitions (Note 4) 17,478 Disposals (50 ) Impairment (Note 6) (13,966 ) Balance at July 13, 2019 $ 73,208 |
Restructuring Charges and Asset
Restructuring Charges and Asset Impairment | 6 Months Ended |
Jul. 13, 2019 | |
Restructuring And Related Activities [Abstract] | |
Restructuring Charges and Asset Impairment | Note 6 – Restructuring Charges and Asset Impairment The following table provides the activity of reserves for closed properties for the 28-week period ended July 13, 2019. 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. Lease and (In thousands) Ancillary Costs Severance Total Balance at December 29, 2018 $ 16,386 — $ 16,386 Reclassification of lease liabilities (8,177 ) — (8,177 ) Lease termination adjustments (62 ) — (62 ) Provision for closing charges 543 — 543 Provision for severance — 149 149 Changes in estimates (211 ) — (211 ) Accretion expense 194 — 194 Payments (2,431 ) (149 ) (2,580 ) Balance at July 13, 2019 $ 6,242 $ — $ 6,242 Included in the liability are lease-related ancillary costs from the date of closure to the end of the remaining lease term. Prior to the adoption of ASU 2016-02 (Note 2), the liability included lease obligations recorded at the present value of future minimum lease payments, calculated using a risk-free interest rate, net of estimated sublease income. Upon the adoption of ASU 2016-02, these liabilities were reclassified as a reduction of the initial measurement of operating lease assets within the consolidated balance sheets. Restructuring and asset impairment activity included in the condensed consolidated statements of earnings consisted of the following: 12 Weeks Ended 28 Weeks Ended July 13, July 14, July 13, July 14, (In thousands) 2019 2018 2019 2018 Asset impairment charges $ 13,966 $ — $ 14,066 $ 1,470 Charge on customer advance 1,941 — 1,941 — Provision for closing charges 177 — 543 3,903 Loss (gain) on sales of assets related to closed facilities 20 (1,544 ) (6,902 ) (1,407 ) Provision for severance — 14 149 139 Other costs associated with distribution center and store closings 365 315 975 596 Changes in estimates (246 ) 51 (211 ) 336 Lease termination adjustments (1,642 ) — (1,642 ) — $ 14,581 $ (1,164 ) $ 8,919 $ 5,037 In the 28-week period ended July 13, 2019, the Food Distribution segment realized a gain on the sale of a previously closed distribution center. In the 12- and 28-week periods ended July 13, 2019 and July 14, 2018, restructuring and asset impairment charges were incurred in the Food Distribution and Retail segments due to the declining profitability of certain of the Company’s operations and the economic and competitive environment of certain stores and in conjunction with the Company’s retail store and supply chain rationalization plans. The charge on the customer advance relates to an advance to an independent retailer customer which was not fully recoverable. The changes in estimates relate to revised estimates of lease and ancillary costs associated with previously closed locations, due to favorable dispute resolutions with landlords and deterioration of the condition of certain properties. In the second quarter of 2019 the Company announced a plan to reposition the Caito Fresh Production operations and to focus on traditional produce distribution and production of fresh cut produce and deli items. As a result of this plan, the Company evaluated the related indefinite-lived trade name and long-lived assets for potential impairment. The indefinite-lived trade name with a book value of $35.5 million was measured at a fair value of $21.5 million, resulting in an impairment charge of $14.0 million. The Company concluded the long-lived assets were not impaired. Indefinite lived intangible assets are tested for impairment at least annually, and as needed if an indicator of potential impairment exists. Indefinite lived intangible assets are measured at fair value using Level 3 inputs under the fair value hierarchy, as further described in Note 7 – Fair Value Measurements. Fair value of indefinite-lived assets is determined by estimating the amount and timing of net future cash flows, discounted using a risk-adjusted rate of interest. The Company estimates future cash flows based on historical results of operations, external factors expected to impact future performance and, in the case of indefinite-lived trade name assets, estimated royalty rates. Long-lived assets are measured at fair value on a nonrecurring basis using Level 3 inputs. Assets with a book value of $0.3 million were measured at a fair value of $0.2 million, resulting in an impairment charge of $0.1 million in 2019. Assets with a book value of $1.8 million were measured at a fair value of $0.3 million, resulting in an impairment charge of $1.5 million in 2018. Fair value of long-lived assets is determined by estimating the amount and timing of net future cash flows, discounted using a risk-adjusted rate of interest. The Company estimates future cash flows based on historical results of operations, external factors expected to impact future performance, experience and knowledge of the geographic area in which the assets are located, and when necessary, uses real estate brokers. |
Fair Value Measurements
Fair Value Measurements | 6 Months Ended |
Jul. 13, 2019 | |
Fair Value Disclosures [Abstract] | |
Fair Value Measurements | Note 7 – Fair Value Measurements ASC 820 prioritizes the inputs to valuation techniques used to measure fair value into the following hierarchy: Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 3: Unobservable inputs for the asset or liability, reflecting the reporting entity’s own assumptions about the assumptions that market participants would use in pricing. Financial instruments include cash and cash equivalents, accounts and notes receivable, accounts payable and long-term debt. The carrying amounts of cash and cash equivalents, accounts and notes receivable, and accounts payable approximate fair value because of the short-term maturities of these financial instruments. See Note 6 for discussion of the fair value measurements related to long-lived asset impairment charges. At July 13, 2019 the book value and estimated fair value of the Company’s debt instruments, excluding debt financing costs, were as follows: July 13, (In thousands) 2019 Book value of debt instruments, excluding debt financing costs: Current maturities of long-term debt and finance lease liabilities $ 17,709 Long-term debt and finance lease liabilities 690,734 Total book value of debt instruments 708,443 Fair value of debt instruments, excluding debt financing costs 714,044 Excess of fair value over book value $ 5,601 The estimated fair value of debt is based on market quotes for instruments with similar terms and remaining maturities (Level 2 inputs and valuation techniques). Certain of the Company’s business combinations involve the potential for the receipt or payment of future contingent consideration upon the shortfall or achievement of various operating thresholds, respectively. The additional consideration is generally contingent on the acquired company reaching certain performance milestones, including attaining specified EBITDA levels. For business combinations including contingent consideration provisions an asset or liability is recorded for the estimated fair value of the contingent consideration on the acquisition date. The fair value of the contingent consideration is remeasured at each reporting period with the change in fair value recognized as income or expense within operating expenses in the condensed consolidated statements of operations. The Company measures the asset and liability on a recurring basis using Level 3 inputs. As of July 13, 2019, the probability of payment related to existing contingent consideration provisions was remote. The fair value of contingent consideration associated with the Caito Foods Service, Inc. and Blue Ribbon Transport, LLC acquisition was zero as of July 13, 2019. During the period ended July 13, 2019, the Company received $15.0 million related to the resolution of certain acquisition contingencies. As of July 13, 2019, the potential for future payment of contingent consideration is remote and there is no opportunity for additional receipt of contingent consideration, therefore no assets or liabilities are recorded in the condensed consolidated balance sheet. Upon receipt of the proceeds, the portion of the contingent consideration related to the acquisition date fair value was reported as a financing activity in the condensed consolidated statements of cash flows. Amounts received in excess of the acquisition date fair value were reported as an operating activity in the condensed consolidated statements of cash flows. |
Commitments and Contingencies
Commitments and Contingencies | 6 Months Ended |
Jul. 13, 2019 | |
Commitments And Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | Note 8 – Commitments and Contingencies The Company is engaged from time-to-time in routine legal proceedings incidental to its business. The Company does not believe that these routine legal proceedings, taken as a whole, will have a material impact on its business or financial condition. While the ultimate effect of such actions cannot be predicted with certainty, management believes that their outcome will not result in an adverse effect on the Company’s consolidated financial position, operating results or liquidity. From time to time, the Company may advance funds to independent retailers which are earned by the retailers primarily through achieving specified purchase volume requirements, as outlined in their supply agreements with the Company, or in limited instances, for remaining a SpartanNash customer for a specified time period. These advances must be repaid if the purchase volume requirements are not met or if the retailer no longer remains a customer for the specified time period. The Company had previously advanced funds to one independent retailer for a gross amount representing approximately two percent of the Company’s total assets. In the fourth quarter of 2018, the customer defaulted on the terms of the supply agreement and went into receivership. At that time, the Company performed an analysis of the net realizability of the underlying collateral which resulted in a $32.0 million charge. In the first quarter of 2019, to realize its collateral, the Company placed a credit bid and obtained the rights to acquire five stores. The Company subsequently assigned the rights to acquire three of the stores to an independent retailer in exchange for certain consideration as part of a long-term supply agreement, which was executed during the second quarter. The Company closed on the acquisition of the two remaining stores during the second quarter. The excess of the purchase price over the fair value of net assets acquired of $2.4 million was recorded as goodwill in the consolidated balance sheet and allocated to the Food Distribution segment based on the relative value of the assets acquired and the expected cash flows between the Retail and Food Distribution segments. The Company contributes to the Central States Southeast and Southwest Pension Fund (“Central States Plan” or “the Plan”), a multi-employer pension plan, based on obligations arising from its collective bargaining agreements (“CBAs”) in Bellefontaine, Ohio, Lima, Ohio, and Grand Rapids, Michigan covering its supply chain associates at those locations. This Plan provides retirement benefits to participants based on their service to contributing employers. The benefits are paid from assets held in trust for that purpose. Trustees are appointed by contributing employers and unions; however, SpartanNash is not a trustee. The trustees typically are responsible for determining the level of benefits to be provided to participants, as well as for such matters as the investment of the assets and the administration of the plan. The Company currently contributes to the Central States Plan under the terms outlined in the “Primary Schedule” of Central States’ Rehabilitation Plan or those outlined in the “Default Schedule.” Both the Primary and Default schedules require varying increases in employer contributions over the previous year’s contribution. Increases are set within the CBAs and vary by location. The Plan continues to be in red zone status, and according to the Pension Protection Act (“PPA”), is considered to be in “critical and declining” zone status. Among other factors, plans in the “critical and declining” zone are generally less than 65% funded and are projected to become insolvent within the next 15 years (or 20 years depending on the ratio of active-to-inactive participants). Based on the most recent information available to the Company, management believes that the present value of actuarial accrued liabilities in this multi-employer plan significantly exceeds the value of the assets held in trust to pay benefits. Because SpartanNash is one of a number of employers contributing to this plan, it is difficult to ascertain what the exact amount of the underfunding would be. Management is not aware of any significant change in funding levels since December 29, 2018. To reduce this underfunding, management expects increases in expense as a result of required incremental multi-employer pension plan contributions in future years. Any adjustment for withdrawal liability will be recorded when it is probable that a liability exists and can be reasonably determined. |
Leases
Leases | 6 Months Ended |
Jul. 13, 2019 | |
Leases [Abstract] | |
Leases | Note 9 – Leases A portion of the Company’s retail stores and warehouses operate in leased facilities. The Company also leases the majority of the tractors and trailers within its fleet and certain other assets. Most of the real property leases contain multiple renewal options, which generally range from one to ten years. In those locations in which it is economically feasible to continue to operate, management expects that lease options will be exercised. The terms of certain leases contain provisions requiring payment of percentage rent based on sales and payment of executory costs such as property taxes, utilities, insurance, maintenance and other occupancy costs applicable to the leased premises or, in the case of transportation equipment, provisions requiring payment of variable rent based upon miles driven. Certain properties or portions thereof are subleased to others. The components of lease expense were as follows: 12 Weeks Ended 28 Weeks Ended (In thousands) July 13, 2019 July 13, 2019 Operating lease cost $ 12,586 $ 29,646 Short-term lease cost 1,510 3,539 Finance lease cost Amortization of assets 853 1,984 Interest on lease liabilities 713 1,695 Sublease income (932 ) (2,267 ) Total net lease cost $ 14,730 $ 34,597 Supplemental balance sheet information related to leases was as follows: (In thousands) July 13, 2019 Operating leases: Operating lease assets $ 274,336 Current portion of operating lease liabilities $ 41,767 Noncurrent operating lease liabilities 276,888 Total operating lease liabilities $ 318,655 Finance leases: Property and equipment, at cost $ 62,118 Accumulated amortization (29,371 ) Property and equipment, net $ 32,747 Current portion of finance lease liabilities $ 5,794 Noncurrent finance lease liabilities 32,644 Total finance lease liabilities $ 38,438 Weighted average remaining lease term: Operating leases 9.2 years Finance leases 10.1 years Weighted average discount rate: Operating leases 5.7 % Finance leases 8.2 % Supplemental cash flow and other information related to leases was as follows: 12 Weeks Ended 28 Weeks Ended (In thousands) July 13, 2019 July 13, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows used for operating leases $ 14,144 $ 32,926 Operating cash flows used for finance leases 708 1,683 Financing cash flows used for finance leases 1,505 3,461 Leased assets obtained in exchange for lease liabilities: Total operating lease liabilities 14,691 19,300 Total finance lease liabilities — — The Company’s maturities of lease liabilities under operating and finance leases as of July 13, 2019 are as follows: Operating Finance (In thousands) Leases Leases Total 2019 $ 27,581 4,335 $ 31,916 2020 55,754 7,416 63,170 2021 50,482 5,374 55,856 2022 44,140 4,784 48,924 2023 39,689 4,401 44,090 Thereafter 195,885 31,479 227,364 Total 413,531 57,789 471,320 Less interest 94,876 19,351 114,227 Present value of lease liabilities 318,655 38,438 357,093 Less current portion 41,767 5,794 47,561 Long-term lease liabilities $ 276,888 $ 32,644 $ 309,532 |
Associate Retirement Plans
Associate Retirement Plans | 6 Months Ended |
Jul. 13, 2019 | |
Compensation And Retirement Disclosure [Abstract] | |
Associate Retirement Plans | Note 10 – Associate Retirement Plans During the 12- and 28-week periods ended July 13, 2019, the Company recognized net periodic pension expense of $8.8 million and $9.2 million, respectively, related to the SpartanNash Company Pension Plan (“Pension Plan” or “Plan”) and net postretirement benefit costs of $0.1 million and $0.2 million, respectively, related to the SpartanNash Retiree Medical Plan. During the 12- and 28-week periods ended July 14, 2018, the Company recognized net periodic pension income of $0.1 million and $0.2 million, respectively, and net postretirement benefit costs of $0.1 million and $0.2 million, respectively for the aforementioned plans. Substantially all of these amounts are included in Postretirement benefit expense (income) in the condensed consolidated statements of operations. On February 28, 2018, the Company’s Board of Directors granted approval to proceed with terminating the frozen Pension Plan. The Plan was terminated on July 31, 2018. The Company offered participants the option to receive an annuity or lump sum distribution which may be rolled over into another qualified plan. The distribution of assets to plan participants commenced in the second quarter and is expected to be completed in the third quarter of 2019. The Company will incur pre-tax settlement charges estimated to be $19 to $20 million to recognize the deferred losses in AOCI upon distribution of the Plan assets and related recognition of the settlement as well as other termination expenses, of which $8.9 million was recognized in the 28 weeks ended July 13, 2019. The Company expects the Plan termination will reduce administrative fees and premium funding costs in future periods. The Company did not make any contributions to the Pension Plan during the 28-week period ended July 13, 2019. The Company may make contributions to the Pension Plan in 2019 depending on actual termination costs and the value of Pension Plan assets upon final distribution. The Company expects to make total contributions of $0.4 million in 2019 to the Retiree Medical Plan and has made $0.2 million in the year-to-date period. The Company’s retirement programs also include defined contribution plans providing contributory benefits, as well as executive compensation plans for a select group of management personnel and/or highly compensated associates. Multi-Employer Plans In addition to the plans listed above, the Company participates in the Central States Southeast and Southwest Pension Fund, the Michigan Conference of Teamsters and Ohio Conference of Teamsters Health and Welfare plans (collectively referred to as “multi-employer plans”), and other company-sponsored defined contribution plans for most associates covered by collective bargaining agreements. With respect to the Company’s participation in the Central States Plan, expense is recognized as contributions are funded. The Company’s contributions during the 12-week periods ended July 13, 2019 and July 14, 2018 were |
Income Taxes
Income Taxes | 6 Months Ended |
Jul. 13, 2019 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | Note 11 – Income Taxes The effective income tax rate was 30.3% and 22.7% for the 12 weeks ended July 13, 2019 and July 14, 2018, respectively. For the 28 weeks ended July 13, 2019 and July 14, 2018, the effective income tax rate was -72.5% and 24.8%, respectively. The difference from the federal statutory rate in the current year was primarily due to significant discrete book losses and impairments with corresponding tax effects which occurred during the quarter and changed the year-to-date tax rate. In the prior year, the difference from the federal statutory rate was primarily due to state taxes, federal tax credits and stock-based compensation. |
Stock-Based Compensation
Stock-Based Compensation | 6 Months Ended |
Jul. 13, 2019 | |
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | |
Stock-Based Compensation | Note 12 – Stock-Based Compensation The Company has a shareholder-approved stock incentive plan that provides for the granting of stock options, stock appreciation rights, restricted stock, restricted stock units, stock awards, and other stock-based and stock-related awards to directors, officers and other key associates. Stock-based compensation expense recognized and included in “Selling, general and administrative expenses” in the condensed consolidated statements of operations, and related tax benefits were as follows: 12 Weeks Ended 28 Weeks Ended (In thousands) July 13, 2019 July 14, 2018 July 13, 2019 July 14, 2018 Restricted stock $ 715 $ 977 $ 6,098 $ 6,267 Tax benefits (178 ) (255 ) (970 ) (929 ) Stock-based compensation expense, net of tax $ 537 $ 722 $ 5,128 $ 5,338 The following table summarizes activity in the stock-based compensation plans for the 28 weeks ended July 13, 2019: Weighted Shares Weighted Restricted Average Under Average Stock Grant-Date Options Exercise Price Awards Fair Value Outstanding at December 29, 2018 13,052 $ 13.87 822,819 $ 23.07 Granted — — 466,005 18.14 Exercised/Vested (13,052 ) 13.87 (341,819 ) 23.40 Cancelled/Forfeited — — (23,101 ) 20.22 Outstanding at July 13, 2019 — $ — 923,904 $ 20.53 As of July 13, 2019, total unrecognized compensation cost related to non-vested restricted stock awards granted under the Company’s stock incentive plans is $6.1 million and is expected to be recognized over a weighted average period of 2.7 years. |
Earnings Per Share
Earnings Per Share | 6 Months Ended |
Jul. 13, 2019 | |
Earnings Per Share [Abstract] | |
Earnings Per Share | Note 13 – Earnings Per Share The following table sets forth the computation of basic and diluted earnings per share from continuing operations: 12 Weeks Ended 28 Weeks Ended (In thousands, except per share amounts) July 13, 2019 July 14, 2018 July 13, 2019 July 14, 2018 Numerator: (Loss) earnings from continuing operations $ (6,767 ) $ 17,838 $ 754 $ 30,273 Adjustment for loss (earnings) attributable to participating securities 172 (414 ) (19 ) (644 ) (Loss) earnings from continuing operations used in calculating earnings per share $ (6,595 ) $ 17,424 $ 735 $ 29,629 Denominator: Weighted average shares outstanding, including participating securities 36,323 35,928 36,208 36,075 Adjustment for participating securities (921 ) (833 ) (897 ) (767 ) Shares used in calculating basic (loss) earnings per share 35,402 35,095 35,311 35,308 Effect of dilutive stock options — 13 — 12 Shares used in calculating diluted (loss) earnings per share 35,402 35,108 35,311 35,320 Basic (loss) earnings per share from continuing operations $ (0.19 ) $ 0.50 $ 0.02 $ 0.84 Diluted (loss) earnings per share from continuing operations $ (0.19 ) $ 0.50 $ 0.02 $ 0.84 |
Supplemental Cash Flow Informat
Supplemental Cash Flow Information | 6 Months Ended |
Jul. 13, 2019 | |
Supplemental Cash Flow Elements [Abstract] | |
Supplemental Cash Flow Information | Note 14 – Supplemental Cash Flow Information Supplemental cash flow information is as follows: 28 Weeks Ended (In thousands) July 13, 2019 July 14, 2018 Non-cash financing activities: Recognition of finance lease liabilities $ — $ 948 Non-cash investing activities: Capital expenditures included in accounts payable 2,269 3,527 Finance lease asset additions — 948 Other supplemental cash flow information: Cash paid for interest 20,642 15,560 |
Reporting Segment Information
Reporting Segment Information | 6 Months Ended |
Jul. 13, 2019 | |
Segment Reporting [Abstract] | |
Reporting Segment Information | Note 15 – Reporting Segment Information The following tables set forth information about the Company by reporting segment: (In thousands) Food Distribution Military Retail Total 12 Weeks Ended July 13, 2019 Net sales to external customers $ 935,383 $ 490,571 $ 569,975 $ 1,995,929 Inter-segment sales 226,636 — — 226,636 Merger/acquisition and integration — — 582 582 Restructuring charges (gains) and asset impairment 16,024 — (1,443 ) 14,581 Depreciation and amortization 7,744 2,736 10,049 20,529 Operating earnings (loss) 272 (1,603 ) 8,701 7,370 Capital expenditures 3,189 1,271 11,305 15,765 12 Weeks Ended July 14, 2018 Net sales to external customers $ 941,702 $ 489,654 $ 464,597 $ 1,895,953 Inter-segment sales 198,388 — — 198,388 Merger/acquisition and integration 745 — 59 804 Restructuring charges (gains) and asset impairment 100 (830 ) (434 ) (1,164 ) Depreciation and amortization 7,318 2,763 8,926 19,007 Operating earnings 18,724 3,099 7,995 29,818 Capital expenditures 5,965 1,275 6,315 13,555 28 Weeks Ended July 13, 2019 Net sales to external customers $ 2,104,621 $ 1,161,941 $ 1,271,742 $ 4,538,304 Inter-segment sales 515,044 — — 515,044 Merger/acquisition and integration (130 ) — 1,494 1,364 Restructuring charges (gains) and asset impairment 9,681 — (762 ) 8,919 Depreciation and amortization 17,977 6,333 22,851 47,161 Operating earnings (loss) 24,864 (3,160 ) 7,875 29,579 Capital expenditures 7,438 2,413 21,920 31,771 28 Weeks Ended July 14, 2018 Net sales to external customers $ 2,096,913 $ 1,153,274 $ 1,030,839 $ 4,281,026 Inter-segment sales 451,712 — — 451,712 Merger/acquisition and integration 2,940 4 66 3,010 Restructuring charges (gains) and asset impairment 1,360 (830 ) 4,507 5,037 Depreciation and amortization 16,858 6,441 20,945 44,244 Operating earnings 43,245 4,612 7,709 55,566 Capital expenditures 18,410 1,529 14,657 34,596 July 13, December 29, (In thousands) 2019 2018 Total Assets Food Distribution $ 1,096,965 $ 1,074,125 Military 412,734 405,587 Retail 779,175 489,049 Discontinued operations 3,090 3,151 Total $ 2,291,964 $ 1,971,912 |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies and Basis of Presentation (Policies) | 6 Months Ended |
Jul. 13, 2019 | |
Accounting Policies [Abstract] | |
Adoption of New Accounting Standards and Recently Issued Accounting Standards | In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-02, “Leases.” The FASB subsequently issued ASUs 2018-01, 2018-10, 2018-11, and 2019-01, which include clarifications and provide various practical expedients and transition options related to ASU 2016-02. ASU 2016-02 provides guidance for lease accounting and stipulates that lessees need to recognize a right-of-use asset and a lease liability for substantially all leases (other than leases that meet the definition of a short-term lease). The liability is equal to the present value of future rent payments. Treatment in the consolidated statements of earnings is similar to the previous treatment of operating and capital leases. In the first quarter of 2019, the Company adopted this standard retrospectively through a cumulative-effect adjustment recorded at the beginning of 2019. The Company has elected the practical expedient available under the guidance to not adjust comparative periods presented. In addition, the Company elected the package of practical expedients permitted under the transition guidance within the new standard, which among other things, allow for a carry forward of the historical lease classification. The Company elected the hindsight practical expedient to reevaluate the lease term for existing leases. The election of the hindsight practical expedient resulted in the extension or reduction of lease terms for certain existing leases and adjustments to the useful lives of corresponding leasehold improvements. In the application of hindsight, the Company estimated the expected lease term based on management’s plans, including the performance of the leased properties and the associated market dynamics in relation to the overall operational, real estate and capital planning strategies of the Company. The adoption of the new standard resulted in the recognition of operating lease assets and liabilities of $241.8 million and $292.3 million, respectively, as of the beginning of 2019. The adoption of the standard also resulted in a transition adjustment to beginning of the year retained earnings of $26.9 million (net of deferred tax impact of $8.5 million). The transition adjustment relates to impairment of right of use assets included in previously impaired asset groups and the impact of hindsight on the evaluation of lease term. Remaining differences between lease assets and liabilities relate to the derecognition of lease-related liabilities and assets recorded under ASC 840, which were included in beginning lease liabilities or assets under ASC 842. |
Revenue (Tables)
Revenue (Tables) | 6 Months Ended |
Jul. 13, 2019 | |
Revenue From Contract With Customer [Abstract] | |
Summary of Information about Disaggregated Revenue of Reportable Segments | 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 July 13, 2019 28 Weeks Ended July 13, 2019 (In thousands) Food Distribution Military Retail Total Food Distribution Military Retail Total Type of products: Center store (a) $ 268,299 $ 226,031 $ 219,753 $ 714,083 $ 623,770 $ 536,441 $ 490,526 $ 1,650,737 Fresh (b) 343,853 146,201 218,942 708,996 772,621 343,223 481,889 1,597,733 Non-food (c) 303,043 116,574 92,618 512,235 666,037 278,630 219,013 1,163,680 Fuel — — 38,336 38,336 — — 79,585 79,585 Other 20,188 1,765 326 22,279 42,193 3,647 729 46,569 Total $ 935,383 $ 490,571 $ 569,975 $ 1,995,929 $ 2,104,621 $ 1,161,941 $ 1,271,742 $ 4,538,304 Type of customers: Individuals $ — $ — $ 569,792 $ 569,792 $ — $ — $ 1,271,274 $ 1,271,274 Manufacturers, brokers and distributors 41,196 468,242 — 509,438 101,907 1,110,878 — 1,212,785 Retailers 877,685 20,564 — 898,249 1,969,160 47,416 — 2,016,576 Other 16,502 1,765 183 18,450 33,554 3,647 468 37,669 Total $ 935,383 $ 490,571 $ 569,975 $ 1,995,929 $ 2,104,621 $ 1,161,941 $ 1,271,742 $ 4,538,304 12 Weeks Ended July 14, 2018 28 Weeks Ended July 14, 2018 (In thousands) Food Distribution Military Retail Total Food Distribution Military Retail Total Type of products: Center store (a) $ 286,487 $ 234,777 $ 179,564 $ 700,828 $ 646,630 $ 557,135 $ 400,856 $ 1,604,621 Fresh (b) 359,232 135,133 170,590 664,955 790,830 314,182 376,175 1,481,187 Non-food (c) 277,913 118,188 78,251 474,352 617,109 278,536 177,864 1,073,509 Fuel — — 35,979 35,979 — — 75,442 75,442 Other 18,070 1,556 213 19,839 42,344 3,421 502 46,267 Total $ 941,702 $ 489,654 $ 464,597 $ 1,895,953 $ 2,096,913 $ 1,153,274 $ 1,030,839 $ 4,281,026 Type of customers: Individuals $ — $ — $ 464,384 $ 464,384 $ — $ — $ 1,030,337 $ 1,030,337 Manufacturers, brokers and distributors 47,244 472,991 — 520,235 108,868 1,118,668 — 1,227,536 Retailers 880,429 15,107 — 895,536 1,955,260 31,185 — 1,986,445 Other 14,029 1,556 213 15,798 32,785 3,421 502 36,708 Total $ 941,702 $ 489,654 $ 464,597 $ 1,895,953 $ 2,096,913 $ 1,153,274 $ 1,030,839 $ 4,281,026 (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. |
Goodwill and Other Intangible_2
Goodwill and Other Intangible Assets (Tables) | 6 Months Ended |
Jul. 13, 2019 | |
Summary of Changes in Carrying Amount of Indefinite-Lived Intangible Assets | Changes in the carrying amount of indefinite-lived intangible assets were as follows: (In thousands) Indefinite-lived Intangible Assets Balance at December 29, 2018 $ 69,746 Acquisitions (Note 4) 17,478 Disposals (50 ) Impairment (Note 6) (13,966 ) Balance at July 13, 2019 $ 73,208 |
Food Distribution [Member] | |
Summary of Changes in Carrying Amount of Goodwill | Changes in the carrying amount of goodwill within the Food Distribution reporting unit were as follows: (In thousands) Goodwill Balance at December 29, 2018 $ 178,648 Acquisitions (Note 8) 2,387 Balance at July 13, 2019 $ 181,035 |
Restructuring Charges and Ass_2
Restructuring Charges and Asset Impairment (Tables) | 6 Months Ended |
Jul. 13, 2019 | |
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 13, 2019. 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. Lease and (In thousands) Ancillary Costs Severance Total Balance at December 29, 2018 $ 16,386 — $ 16,386 Reclassification of lease liabilities (8,177 ) — (8,177 ) Lease termination adjustments (62 ) — (62 ) Provision for closing charges 543 — 543 Provision for severance — 149 149 Changes in estimates (211 ) — (211 ) Accretion expense 194 — 194 Payments (2,431 ) (149 ) (2,580 ) Balance at July 13, 2019 $ 6,242 $ — $ 6,242 |
Schedule of Restructuring Activity and Asset Impairment | Restructuring and asset impairment activity included in the condensed consolidated statements of earnings consisted of the following: 12 Weeks Ended 28 Weeks Ended July 13, July 14, July 13, July 14, (In thousands) 2019 2018 2019 2018 Asset impairment charges $ 13,966 $ — $ 14,066 $ 1,470 Charge on customer advance 1,941 — 1,941 — Provision for closing charges 177 — 543 3,903 Loss (gain) on sales of assets related to closed facilities 20 (1,544 ) (6,902 ) (1,407 ) Provision for severance — 14 149 139 Other costs associated with distribution center and store closings 365 315 975 596 Changes in estimates (246 ) 51 (211 ) 336 Lease termination adjustments (1,642 ) — (1,642 ) — $ 14,581 $ (1,164 ) $ 8,919 $ 5,037 |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 6 Months Ended |
Jul. 13, 2019 | |
Fair Value Disclosures [Abstract] | |
Schedule of Book Value and Estimated Fair Value of Debt Instruments, Excluding Debt Financing Costs | At July 13, 2019 the book value and estimated fair value of the Company’s debt instruments, excluding debt financing costs, were as follows: July 13, (In thousands) 2019 Book value of debt instruments, excluding debt financing costs: Current maturities of long-term debt and finance lease liabilities $ 17,709 Long-term debt and finance lease liabilities 690,734 Total book value of debt instruments 708,443 Fair value of debt instruments, excluding debt financing costs 714,044 Excess of fair value over book value $ 5,601 |
Leases (Tables)
Leases (Tables) | 6 Months Ended |
Jul. 13, 2019 | |
Leases [Abstract] | |
Components of Lease Expense | The components of lease expense were as follows: 12 Weeks Ended 28 Weeks Ended (In thousands) July 13, 2019 July 13, 2019 Operating lease cost $ 12,586 $ 29,646 Short-term lease cost 1,510 3,539 Finance lease cost Amortization of assets 853 1,984 Interest on lease liabilities 713 1,695 Sublease income (932 ) (2,267 ) Total net lease cost $ 14,730 $ 34,597 |
Schedule of Supplemental Balance Sheet Information Related to Leases | Supplemental balance sheet information related to leases was as follows: (In thousands) July 13, 2019 Operating leases: Operating lease assets $ 274,336 Current portion of operating lease liabilities $ 41,767 Noncurrent operating lease liabilities 276,888 Total operating lease liabilities $ 318,655 Finance leases: Property and equipment, at cost $ 62,118 Accumulated amortization (29,371 ) Property and equipment, net $ 32,747 Current portion of finance lease liabilities $ 5,794 Noncurrent finance lease liabilities 32,644 Total finance lease liabilities $ 38,438 Weighted average remaining lease term: Operating leases 9.2 years Finance leases 10.1 years Weighted average discount rate: Operating leases 5.7 % Finance leases 8.2 % |
Schedule of Supplemental Cash Flow and Other Information Related to Leases | Supplemental cash flow and other information related to leases was as follows: 12 Weeks Ended 28 Weeks Ended (In thousands) July 13, 2019 July 13, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows used for operating leases $ 14,144 $ 32,926 Operating cash flows used for finance leases 708 1,683 Financing cash flows used for finance leases 1,505 3,461 Leased assets obtained in exchange for lease liabilities: Total operating lease liabilities 14,691 19,300 Total finance lease liabilities — — |
Schedule of Maturities of Lease Liabilities Under Operating and Finance Leases | The Company’s maturities of lease liabilities under operating and finance leases as of July 13, 2019 are as follows: Operating Finance (In thousands) Leases Leases Total 2019 $ 27,581 4,335 $ 31,916 2020 55,754 7,416 63,170 2021 50,482 5,374 55,856 2022 44,140 4,784 48,924 2023 39,689 4,401 44,090 Thereafter 195,885 31,479 227,364 Total 413,531 57,789 471,320 Less interest 94,876 19,351 114,227 Present value of lease liabilities 318,655 38,438 357,093 Less current portion 41,767 5,794 47,561 Long-term lease liabilities $ 276,888 $ 32,644 $ 309,532 |
Stock-Based Compensation (Table
Stock-Based Compensation (Tables) | 6 Months Ended |
Jul. 13, 2019 | |
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | |
Summary of Allocation of Stock-Based Compensation Expense in Condensed Consolidated Statements of Operations | Stock-based compensation expense recognized and included in “Selling, general and administrative expenses” in the condensed consolidated statements of operations, and related tax benefits were as follows: 12 Weeks Ended 28 Weeks Ended (In thousands) July 13, 2019 July 14, 2018 July 13, 2019 July 14, 2018 Restricted stock $ 715 $ 977 $ 6,098 $ 6,267 Tax benefits (178 ) (255 ) (970 ) (929 ) Stock-based compensation expense, net of tax $ 537 $ 722 $ 5,128 $ 5,338 |
Summary of Stock-Based Compensation Activity | The following table summarizes activity in the stock-based compensation plans for the 28 weeks ended July 13, 2019: Weighted Shares Weighted Restricted Average Under Average Stock Grant-Date Options Exercise Price Awards Fair Value Outstanding at December 29, 2018 13,052 $ 13.87 822,819 $ 23.07 Granted — — 466,005 18.14 Exercised/Vested (13,052 ) 13.87 (341,819 ) 23.40 Cancelled/Forfeited — — (23,101 ) 20.22 Outstanding at July 13, 2019 — $ — 923,904 $ 20.53 |
Earnings Per Share (Tables)
Earnings Per Share (Tables) | 6 Months Ended |
Jul. 13, 2019 | |
Earnings Per Share [Abstract] | |
Schedule of Computation of Basic and Diluted Earnings Per Share from Continuing Operations | The following table sets forth the computation of basic and diluted earnings per share from continuing operations: 12 Weeks Ended 28 Weeks Ended (In thousands, except per share amounts) July 13, 2019 July 14, 2018 July 13, 2019 July 14, 2018 Numerator: (Loss) earnings from continuing operations $ (6,767 ) $ 17,838 $ 754 $ 30,273 Adjustment for loss (earnings) attributable to participating securities 172 (414 ) (19 ) (644 ) (Loss) earnings from continuing operations used in calculating earnings per share $ (6,595 ) $ 17,424 $ 735 $ 29,629 Denominator: Weighted average shares outstanding, including participating securities 36,323 35,928 36,208 36,075 Adjustment for participating securities (921 ) (833 ) (897 ) (767 ) Shares used in calculating basic (loss) earnings per share 35,402 35,095 35,311 35,308 Effect of dilutive stock options — 13 — 12 Shares used in calculating diluted (loss) earnings per share 35,402 35,108 35,311 35,320 Basic (loss) earnings per share from continuing operations $ (0.19 ) $ 0.50 $ 0.02 $ 0.84 Diluted (loss) earnings per share from continuing operations $ (0.19 ) $ 0.50 $ 0.02 $ 0.84 |
Supplemental Cash Flow Inform_2
Supplemental Cash Flow Information (Tables) | 6 Months Ended |
Jul. 13, 2019 | |
Supplemental Cash Flow Elements [Abstract] | |
Schedule of Supplemental Cash Flow Information | Supplemental cash flow information is as follows: 28 Weeks Ended (In thousands) July 13, 2019 July 14, 2018 Non-cash financing activities: Recognition of finance lease liabilities $ — $ 948 Non-cash investing activities: Capital expenditures included in accounts payable 2,269 3,527 Finance lease asset additions — 948 Other supplemental cash flow information: Cash paid for interest 20,642 15,560 |
Reporting Segment Information (
Reporting Segment Information (Tables) | 6 Months Ended |
Jul. 13, 2019 | |
Segment Reporting [Abstract] | |
Schedule of Segment Reporting Information, by Operating Segment | The following tables set forth information about the Company by reporting segment: (In thousands) Food Distribution Military Retail Total 12 Weeks Ended July 13, 2019 Net sales to external customers $ 935,383 $ 490,571 $ 569,975 $ 1,995,929 Inter-segment sales 226,636 — — 226,636 Merger/acquisition and integration — — 582 582 Restructuring charges (gains) and asset impairment 16,024 — (1,443 ) 14,581 Depreciation and amortization 7,744 2,736 10,049 20,529 Operating earnings (loss) 272 (1,603 ) 8,701 7,370 Capital expenditures 3,189 1,271 11,305 15,765 12 Weeks Ended July 14, 2018 Net sales to external customers $ 941,702 $ 489,654 $ 464,597 $ 1,895,953 Inter-segment sales 198,388 — — 198,388 Merger/acquisition and integration 745 — 59 804 Restructuring charges (gains) and asset impairment 100 (830 ) (434 ) (1,164 ) Depreciation and amortization 7,318 2,763 8,926 19,007 Operating earnings 18,724 3,099 7,995 29,818 Capital expenditures 5,965 1,275 6,315 13,555 28 Weeks Ended July 13, 2019 Net sales to external customers $ 2,104,621 $ 1,161,941 $ 1,271,742 $ 4,538,304 Inter-segment sales 515,044 — — 515,044 Merger/acquisition and integration (130 ) — 1,494 1,364 Restructuring charges (gains) and asset impairment 9,681 — (762 ) 8,919 Depreciation and amortization 17,977 6,333 22,851 47,161 Operating earnings (loss) 24,864 (3,160 ) 7,875 29,579 Capital expenditures 7,438 2,413 21,920 31,771 28 Weeks Ended July 14, 2018 Net sales to external customers $ 2,096,913 $ 1,153,274 $ 1,030,839 $ 4,281,026 Inter-segment sales 451,712 — — 451,712 Merger/acquisition and integration 2,940 4 66 3,010 Restructuring charges (gains) and asset impairment 1,360 (830 ) 4,507 5,037 Depreciation and amortization 16,858 6,441 20,945 44,244 Operating earnings 43,245 4,612 7,709 55,566 Capital expenditures 18,410 1,529 14,657 34,596 July 13, December 29, (In thousands) 2019 2018 Total Assets Food Distribution $ 1,096,965 $ 1,074,125 Military 412,734 405,587 Retail 779,175 489,049 Discontinued operations 3,090 3,151 Total $ 2,291,964 $ 1,971,912 |
Adoption of New Accounting St_2
Adoption of New Accounting Standards and Recently Issued Accounting Standards - Additional Information (Detail) - USD ($) $ in Thousands | Dec. 30, 2018 | Jul. 13, 2019 | Dec. 29, 2018 |
New Accounting Pronouncements Or Change In Accounting Principle [Line Items] | |||
Operating lease assets | $ 274,336 | ||
Operating lease liabilities | 318,655 | ||
Retained earnings | $ 207,630 | $ 247,642 | |
Accounting Standards Update 2016-02 [Member] | |||
New Accounting Pronouncements Or Change In Accounting Principle [Line Items] | |||
Operating lease assets | $ 241,800 | ||
Operating lease liabilities | 292,300 | ||
Retained earnings | 26,900 | ||
Deferred income tax | $ 8,500 |
Revenue - Summary of Informatio
Revenue - Summary of Information about Disaggregated Revenue of Reportable Segments (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jul. 13, 2019 | Jul. 14, 2018 | Jul. 13, 2019 | Jul. 14, 2018 | |
Disaggregation Of Revenue [Line Items] | ||||
Total revenue | $ 1,995,929 | $ 1,895,953 | $ 4,538,304 | $ 4,281,026 |
Center store [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Total revenue | 714,083 | 700,828 | 1,650,737 | 1,604,621 |
Fresh [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Total revenue | 708,996 | 664,955 | 1,597,733 | 1,481,187 |
Non-food [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Total revenue | 512,235 | 474,352 | 1,163,680 | 1,073,509 |
Other Products [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Total revenue | 22,279 | 19,839 | 46,569 | 46,267 |
Fuel [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Total revenue | 38,336 | 35,979 | 79,585 | 75,442 |
Individuals Customer [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Total revenue | 569,792 | 464,384 | 1,271,274 | 1,030,337 |
Manufacturers, brokers and distributors [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Total revenue | 509,438 | 520,235 | 1,212,785 | 1,227,536 |
Retailers [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Total revenue | 898,249 | 895,536 | 2,016,576 | 1,986,445 |
Other Customers [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Total revenue | 18,450 | 15,798 | 37,669 | 36,708 |
Food Distribution [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Total revenue | 935,383 | 941,702 | 2,104,621 | 2,096,913 |
Food Distribution [Member] | Center store [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Total revenue | 268,299 | 286,487 | 623,770 | 646,630 |
Food Distribution [Member] | Fresh [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Total revenue | 343,853 | 359,232 | 772,621 | 790,830 |
Food Distribution [Member] | Non-food [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Total revenue | 303,043 | 277,913 | 666,037 | 617,109 |
Food Distribution [Member] | Other Products [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Total revenue | 20,188 | 18,070 | 42,193 | 42,344 |
Food Distribution [Member] | Manufacturers, brokers and distributors [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Total revenue | 41,196 | 47,244 | 101,907 | 108,868 |
Food Distribution [Member] | Retailers [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Total revenue | 877,685 | 880,429 | 1,969,160 | 1,955,260 |
Food Distribution [Member] | Other Customers [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Total revenue | 16,502 | 14,029 | 33,554 | 32,785 |
Military [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Total revenue | 490,571 | 489,654 | 1,161,941 | 1,153,274 |
Military [Member] | Center store [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Total revenue | 226,031 | 234,777 | 536,441 | 557,135 |
Military [Member] | Fresh [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Total revenue | 146,201 | 135,133 | 343,223 | 314,182 |
Military [Member] | Non-food [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Total revenue | 116,574 | 118,188 | 278,630 | 278,536 |
Military [Member] | Other Products [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Total revenue | 1,765 | 1,556 | 3,647 | 3,421 |
Military [Member] | Manufacturers, brokers and distributors [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Total revenue | 468,242 | 472,991 | 1,110,878 | 1,118,668 |
Military [Member] | Retailers [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Total revenue | 20,564 | 15,107 | 47,416 | 31,185 |
Military [Member] | Other Customers [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Total revenue | 1,765 | 1,556 | 3,647 | 3,421 |
Retail [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Total revenue | 569,975 | 464,597 | 1,271,742 | 1,030,839 |
Retail [Member] | Center store [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Total revenue | 219,753 | 179,564 | 490,526 | 400,856 |
Retail [Member] | Fresh [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Total revenue | 218,942 | 170,590 | 481,889 | 376,175 |
Retail [Member] | Non-food [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Total revenue | 92,618 | 78,251 | 219,013 | 177,864 |
Retail [Member] | Other Products [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Total revenue | 326 | 213 | 729 | 502 |
Retail [Member] | Fuel [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Total revenue | 38,336 | 35,979 | 79,585 | 75,442 |
Retail [Member] | Individuals Customer [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Total revenue | 569,792 | 464,384 | 1,271,274 | 1,030,337 |
Retail [Member] | Other Customers [Member] | ||||
Disaggregation Of Revenue [Line Items] | ||||
Total revenue | $ 183 | $ 213 | $ 468 | $ 502 |
Revenue - Additional Informatio
Revenue - Additional Information (Detail) | 6 Months Ended |
Jul. 13, 2019USD ($) | |
Disaggregation Of Revenue [Abstract] | |
Revenue recognition payment terms | 30 days |
Contract assets | $ 0 |
Acquisitions - Additional Infor
Acquisitions - Additional Information (Detail) | Dec. 31, 2018USD ($) | Jul. 13, 2019USD ($)EmployeeStore | Jul. 13, 2019USD ($)EmployeeStore | Dec. 29, 2018USD ($) |
Business Acquisition [Line Items] | ||||
Payments to acquire certain assets and assume liabilities in cash | $ 86,659,000 | |||
Goodwill | $ 181,035,000 | 181,035,000 | $ 178,648,000 | |
Indefinite-lived intangible assets acquired | 17,478,000 | |||
Martin’s Super Markets [Member] | ||||
Business Acquisition [Line Items] | ||||
Payments to acquire certain assets and assume liabilities in cash | $ 86,700,000 | |||
Business combination, cash acquired | 7,800,000 | |||
Business combination, property and equipment acquired | 55,000,000 | |||
Business combination, Intangible assets acquired | $ 20,700,000 | |||
Amortization of intangible assets, period | 7 years | |||
Goodwill | $ 0 | |||
Merger/acquisition and integration costs | $ 1,200,000 | $ 2,400,000 | ||
Number of operating stores | Store | 21 | 21 | ||
Number of employees | Employee | 3,500 | 3,500 | ||
Martin’s Super Markets [Member] | Trade Names [Member] | ||||
Business Acquisition [Line Items] | ||||
Indefinite-lived intangible assets acquired | 17,500,000 | |||
Martin’s Super Markets [Member] | Customer Lists [Member] | ||||
Business Acquisition [Line Items] | ||||
Indefinite-lived intangible assets acquired | $ 3,100,000 |
Goodwill and Other Intangible_3
Goodwill and Other Intangible Assets - Additional Information (Detail) | 6 Months Ended | |
Jul. 13, 2019USD ($)Segment | Dec. 29, 2018USD ($) | |
Goodwill [Line Items] | ||
Number of reporting units | Segment | 3 | |
Goodwill | $ 181,035,000 | $ 178,648,000 |
Retail [Member] | ||
Goodwill [Line Items] | ||
Goodwill | 0 | |
Military [Member] | ||
Goodwill [Line Items] | ||
Goodwill | $ 0 |
Goodwill and Other Intangible_4
Goodwill and Other Intangible Assets - Summary of Changes in Carrying Amount of Goodwill (Detail) $ in Thousands | 6 Months Ended |
Jul. 13, 2019USD ($) | |
Goodwill [Line Items] | |
Beginning Balance | $ 178,648 |
Ending Balance | 181,035 |
Food Distribution [Member] | |
Goodwill [Line Items] | |
Beginning Balance | 178,648 |
Acquisitions (Note 8) | 2,387 |
Ending Balance | $ 181,035 |
Goodwill and Other Intangible_5
Goodwill and Other Intangible Assets - Summary of Changes in Carrying Amount of Indefinite-Lived Intangible Assets (Detail) $ in Thousands | 6 Months Ended |
Jul. 13, 2019USD ($) | |
Goodwill And Intangible Assets Disclosure [Abstract] | |
Beginning balance | $ 69,746 |
Acquisitions (Note 4) | 17,478 |
Disposals | (50) |
Impairment (Note 6) | (13,966) |
Ending balance | $ 73,208 |
Restructuring Charges and Ass_3
Restructuring Charges and Asset Impairment - Schedule of Activity of Reserves for Closed Properties (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jul. 13, 2019 | Jul. 14, 2018 | Jul. 13, 2019 | Jul. 14, 2018 | |
Restructuring Cost And Reserve [Line Items] | ||||
Beginning balance | $ 16,386 | |||
Reclassification of lease liabilities | (8,177) | |||
Lease termination adjustments | (62) | |||
Provision for severance | $ 14 | 149 | $ 139 | |
Changes in estimates | (211) | |||
Accretion expense | 194 | |||
Payments | (2,580) | |||
Ending balance | $ 6,242 | 6,242 | ||
Business Restructuring Reserves [Member] | ||||
Restructuring Cost And Reserve [Line Items] | ||||
Provision for closing charges | 177 | 543 | $ 3,903 | |
Lease and Ancillary Costs [Member] | ||||
Restructuring Cost And Reserve [Line Items] | ||||
Beginning balance | 16,386 | |||
Reclassification of lease liabilities | (8,177) | |||
Lease termination adjustments | (62) | |||
Changes in estimates | (211) | |||
Accretion expense | 194 | |||
Payments | (2,431) | |||
Ending balance | $ 6,242 | 6,242 | ||
Lease and Ancillary Costs [Member] | Business Restructuring Reserves [Member] | ||||
Restructuring Cost And Reserve [Line Items] | ||||
Provision for closing charges | 543 | |||
Severance [Member] | ||||
Restructuring Cost And Reserve [Line Items] | ||||
Provision for severance | 149 | |||
Payments | $ (149) |
Restructuring Charges and Ass_4
Restructuring Charges and Asset Impairment - Schedule of Restructuring Activity and Asset Impairment (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jul. 13, 2019 | Jul. 14, 2018 | Jul. 13, 2019 | Jul. 14, 2018 | |
Restructuring Cost And Reserve [Line Items] | ||||
Asset impairment charges | $ 13,966 | $ 14,066 | $ 1,470 | |
Charge on customer advance | 1,941 | 1,941 | ||
Loss (gain) on sales of assets related to closed facilities | (6,863) | (89) | ||
Provision for severance | $ 14 | 149 | 139 | |
Other costs associated with distribution center and store closings | 365 | 315 | 975 | 596 |
Changes in estimates | (246) | 51 | (211) | 336 |
Lease termination adjustments | (1,642) | (1,642) | ||
Restructuring and asset impairment | 14,581 | (1,164) | 8,919 | 5,037 |
Business Restructuring Reserves [Member] | ||||
Restructuring Cost And Reserve [Line Items] | ||||
Provision for closing charges | 177 | 543 | 3,903 | |
Facility Closing [Member] | ||||
Restructuring Cost And Reserve [Line Items] | ||||
Loss (gain) on sales of assets related to closed facilities | $ 20 | $ (1,544) | $ (6,902) | $ (1,407) |
Restructuring Charges and Ass_5
Restructuring Charges and Asset Impairment - Additional Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jul. 13, 2019 | Jul. 13, 2019 | Jul. 14, 2018 | Dec. 29, 2018 | |
Restructuring Cost And Reserve [Line Items] | ||||
Fair value of indefinite lived intangible assets | $ 73,208 | $ 73,208 | $ 69,746 | |
Impairment of indefinite lived intangible assets | 13,966 | |||
Impairment charges | 13,966 | 14,066 | $ 1,470 | |
Fair Value Measurements Nonrecurring [Member] | Significant unobservable inputs (Level 3) [Member] | ||||
Restructuring Cost And Reserve [Line Items] | ||||
Long-lived assets | 300 | 300 | 1,800 | |
Long-lived assets measured fair value on nonrecurring basis | 200 | 200 | 300 | |
Impairment charges | 100 | $ 1,500 | ||
Trade Names [Member] | ||||
Restructuring Cost And Reserve [Line Items] | ||||
Book value of indefinite lived intangible assets | 35,500 | 35,500 | ||
Fair value of indefinite lived intangible assets | 21,500 | $ 21,500 | ||
Impairment of indefinite lived intangible assets | $ 14,000 |
Fair Value Measurements - Sched
Fair Value Measurements - Schedule of Book Value and Estimated Fair Value of Debt Instruments, Excluding Debt Financing Costs (Detail) $ in Thousands | Jul. 13, 2019USD ($) |
Book value of debt instruments, excluding debt financing costs: | |
Current maturities of long-term debt and finance lease liabilities | $ 17,709 |
Long-term debt and finance lease liabilities | 690,734 |
Total book value of debt instruments | 708,443 |
Fair value of debt instruments, excluding debt financing costs | 714,044 |
Excess of fair value over book value | $ 5,601 |
Fair Value Measurements - Addit
Fair Value Measurements - Additional Information (Detail) - Caito Foods Service and Blue Ribbon Transport [Member] | Jul. 13, 2019USD ($) |
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | |
Fair value of contingent consideration | $ 0 |
Fair value of acquisition contingencies, received | $ 15,000,000 |
Commitments and Contingencies -
Commitments and Contingencies - Additional Information (Detail) $ in Thousands | 1 Months Ended | 3 Months Ended | 6 Months Ended | 12 Months Ended |
May 30, 2019Store | Jul. 13, 2019USD ($)Employer | Jul. 13, 2019USD ($)StoreRetailerEmployer | Dec. 29, 2018USD ($) | |
Loss Contingencies [Line Items] | ||||
Number of independent retailer for unearned advanced amount | Retailer | 1 | |||
Percent of unearned advanced amount to total assets | 2.00% | |||
Amount of charge resulted in analysis of net realizability of the underlying collateral | $ | $ 1,900 | $ 32,000 | ||
Number of stores rights to acquire | Store | 5 | |||
Number of stores rights to acquire assigned to independent retailer | Store | 3 | |||
Number of stores acquired | Store | 2 | |||
Goodwill | $ | $ 181,035 | $ 181,035 | $ 178,648 | |
Critical and declining zone fund status | Less than 65 percent | |||
Number of employers contributing to plan | Employer | 1 | 1 | ||
Minimum [Member] | ||||
Loss Contingencies [Line Items] | ||||
Projected insolvent period based on active to inactive participants ratio | 15 years | |||
Maximum [Member] | ||||
Loss Contingencies [Line Items] | ||||
Status or critical and declining zone plans | 65.00% | |||
Projected insolvent period based on active to inactive participants ratio | 20 years | |||
Food Distribution Segment [Member] | ||||
Loss Contingencies [Line Items] | ||||
Goodwill | $ | $ 2,400 | $ 2,400 |
Leases - Additional Information
Leases - Additional Information (Detail) | 6 Months Ended |
Jul. 13, 2019 | |
Minimum [Member] | |
Lessee Lease Description [Line Items] | |
Leases, renewal term | 1 year |
Maximum [Member] | |
Lessee Lease Description [Line Items] | |
Leases, renewal term | 10 years |
Leases - Components of Lease Ex
Leases - Components of Lease Expense (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended |
Jul. 13, 2019 | Jul. 13, 2019 | |
Leases [Abstract] | ||
Operating lease cost | $ 12,586 | $ 29,646 |
Short-term lease cost | 1,510 | 3,539 |
Finance lease cost | ||
Amortization of assets | 853 | 1,984 |
Interest on lease liabilities | 713 | 1,695 |
Sublease income | (932) | (2,267) |
Total net lease cost | $ 14,730 | $ 34,597 |
Leases - Schedule of Supplement
Leases - Schedule of Supplemental Balance Sheet Information Related to Leases (Detail) $ in Thousands | Jul. 13, 2019USD ($) |
Operating leases: | |
Operating lease assets | $ 274,336 |
Current portion of operating lease liabilities | 41,767 |
Noncurrent operating lease liabilities | 276,888 |
Total operating lease liabilities | 318,655 |
Finance leases: | |
Property and equipment, at cost | 62,118 |
Accumulated amortization | (29,371) |
Property and equipment, net | $ 32,747 |
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List] | us-gaap:PropertyPlantAndEquipmentNet |
Current portion of finance lease liabilities | $ 5,794 |
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List] | sptn:LongTermDebtAndFinanceLeaseLiabilityCurrent |
Noncurrent finance lease liabilities | $ 32,644 |
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List] | sptn:LongTermDebtAndFinanceLeaseLiabilityNoncurrent |
Total finance lease liabilities | $ 38,438 |
Weighted average remaining lease term: | |
Operating leases | 9 years 2 months 12 days |
Finance leases | 10 years 1 month 6 days |
Weighted average discount rate: | |
Operating leases | 5.70% |
Finance leases | 8.20% |
Leases - Schedule of Suppleme_2
Leases - Schedule of Supplemental Cash Flow and Other Information Related to Leases (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended |
Jul. 13, 2019 | Jul. 13, 2019 | |
Cash paid for amounts included in the measurement of lease liabilities: | ||
Operating cash flows used for operating leases | $ 14,144 | $ 32,926 |
Operating cash flows used for finance leases | 708 | 1,683 |
Financing cash flows used for finance leases | 1,505 | 3,461 |
Leased assets obtained in exchange for lease liabilities: | ||
Total operating lease liabilities | $ 14,691 | $ 19,300 |
Leases - Schedule of Maturities
Leases - Schedule of Maturities of Lease Liabilities Under Operating and Finance Leases (Detail) $ in Thousands | Jul. 13, 2019USD ($) |
Leases [Abstract] | |
Operating Leases, 2019 | $ 27,581 |
Operating Leases, 2020 | 55,754 |
Operating Leases, 2021 | 50,482 |
Operating Leases, 2022 | 44,140 |
Operating Leases, 2023 | 39,689 |
Operating Leases, Thereafter | 195,885 |
Operating Leases, Total | 413,531 |
Operating Leases, Less interest | 94,876 |
Total operating lease liabilities | 318,655 |
Operating Leases, Less current portion | 41,767 |
Operating Leases, Long-term lease liabilities | 276,888 |
Finance Leases, 2019 | 4,335 |
Finance Leases, 2020 | 7,416 |
Finance Leases, 2021 | 5,374 |
Finance Leases, 2022 | 4,784 |
Finance Leases, 2023 | 4,401 |
Finance Leases, Thereafter | 31,479 |
Finance Leases, Total | 57,789 |
Finance Leases, Less interest | 19,351 |
Total finance lease liabilities | 38,438 |
Finance Leases, Less current portion | 5,794 |
Finance Leases, Long-term lease liabilities | 32,644 |
Operating and Finance Leases, 2019 | 31,916 |
Operating and Finance Leases, 2020 | 63,170 |
Operating and Finance Leases, 2021 | 55,856 |
Operating and Finance Leases, 2022 | 48,924 |
Operating and Finance Leases, 2023 | 44,090 |
Operating and Finance Leases, Thereafter | 227,364 |
Operating and Finance Leases, Total | 471,320 |
Operating and Finance Leases, Less interest | 114,227 |
Operating and Finance Leases, Present value of lease liabilities | 357,093 |
Operating and Finance Leases, Less current portion | 47,561 |
Operating and Finance Leases, Long-term lease liabilities | $ 309,532 |
Associate Retirement Plans - Ad
Associate Retirement Plans - Additional Information (Detail) - USD ($) | Feb. 28, 2018 | Jul. 13, 2019 | Jul. 14, 2018 | Jul. 13, 2019 | Jul. 14, 2018 |
Defined Benefit Plan Disclosure [Line Items] | |||||
Pension contributions during last plan year | $ 3,400,000 | $ 3,400,000 | $ 8,200,000 | $ 7,900,000 | |
Pension Plan or Plan [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Frozen pension plan, termination date | Jul. 31, 2018 | ||||
Settlement and other termination expenses, recognized | $ 8,900,000 | ||||
Standard pension funding carryover | 0 | ||||
Pension Plan or Plan [Member] | Minimum [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Pre-tax settlement charges | $ 19,000,000 | ||||
Pension Plan or Plan [Member] | Maximum [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Pre-tax settlement charges | $ 20,000,000 | ||||
Retiree Medical Plan [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Standard pension funding carryover | 200,000 | ||||
Expected Company contribution for remainder of fiscal year | 400,000 | 400,000 | |||
SpartanNash Company Pension Plan [Member] | Pension Plan or Plan [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Net periodic benefit (income) expense | 8,800,000 | (100,000) | 9,200,000 | (200,000) | |
SpartanNash Retiree Medical Plan [Member] | Retiree Medical Plan [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Net periodic benefit (income) expense | $ 100,000 | $ 100,000 | $ 200,000 | $ 200,000 |
Income Taxes - Additional Infor
Income Taxes - Additional Information (Detail) | 3 Months Ended | 6 Months Ended | ||
Jul. 13, 2019 | Jul. 14, 2018 | Jul. 13, 2019 | Jul. 14, 2018 | |
Income Tax Disclosure [Abstract] | ||||
Effective income tax rate | 30.30% | 22.70% | (72.50%) | 24.80% |
Stock-Based Compensation - Summ
Stock-Based Compensation - Summary of Allocation of Stock-Based Compensation Expense in Condensed Consolidated Statements of Operations (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jul. 13, 2019 | Jul. 14, 2018 | Jul. 13, 2019 | Jul. 14, 2018 | |
Employee Service Share Based Compensation Aggregate Disclosures [Abstract] | ||||
Restricted stock | $ 715 | $ 977 | $ 6,098 | $ 6,267 |
Tax benefits | (178) | (255) | (970) | (929) |
Stock-based compensation expense, net of tax | $ 537 | $ 722 | $ 5,128 | $ 5,338 |
Stock-Based Compensation - Su_2
Stock-Based Compensation - Summary of Stock-Based Compensation Activity (Detail) | 6 Months Ended |
Jul. 13, 2019$ / sharesshares | |
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | |
Shares Under Options, Outstanding, Beginning balance | shares | 13,052 |
Shares Under Options, Exercised/Vested | shares | (13,052) |
Weighted Average Exercise Price, Option outstanding, Beginning balance | $ / shares | $ 13.87 |
Weighted Average Exercise Price, Exercised/Vested | $ / shares | $ 13.87 |
Restricted Stock Awards, Outstanding, Beginning balance | shares | 822,819 |
Restricted Stock Awards, Granted | shares | 466,005 |
Restricted Stock Awards, Exercised/Vested | shares | (341,819) |
Restricted Stock Awards, Cancelled/Forfeited | shares | (23,101) |
Restricted Stock Awards, Outstanding, Ending balance | shares | 923,904 |
Weighted Average Grant-Date Fair Value, Beginning balance | $ / shares | $ 23.07 |
Weighted Average Grant-Date Fair Value, Granted | $ / shares | 18.14 |
Weighted Average Grant-Date Fair Value, Exercised/Vested | $ / shares | 23.40 |
Weighted Average Grant-Date Fair Value, Cancelled/Forfeited | $ / shares | 20.22 |
Weighted Average Grant-Date Fair Value, Ending balance | $ / shares | $ 20.53 |
Stock-Based Compensation - Addi
Stock-Based Compensation - Additional Information (Detail) - Restricted Stock Awards [Member] $ in Millions | 6 Months Ended |
Jul. 13, 2019USD ($) | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Unrecognized compensation cost | $ 6.1 |
Unrecognized compensation cost, weighted average period of recognition | 2 years 8 months 12 days |
Earnings Per Share - Schedule o
Earnings Per Share - Schedule of Computation of Basic and Diluted Earnings Per Share from Continuing Operations (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jul. 13, 2019 | Jul. 14, 2018 | Jul. 13, 2019 | Jul. 14, 2018 | |
Numerator: | ||||
(Loss) earnings from continuing operations | $ (6,767) | $ 17,838 | $ 754 | $ 30,273 |
Adjustment for loss (earnings) attributable to participating securities | 172 | (414) | (19) | (644) |
(Loss) earnings from continuing operations used in calculating earnings per share | $ (6,595) | $ 17,424 | $ 735 | $ 29,629 |
Denominator: | ||||
Weighted average shares outstanding, including participating securities | 36,323 | 35,928 | 36,208 | 36,075 |
Adjustment for participating securities | (921) | (833) | (897) | (767) |
Shares used in calculating basic (loss) earnings per share | 35,402 | 35,095 | 35,311 | 35,308 |
Effect of dilutive stock options | 13 | 12 | ||
Shares used in calculating diluted (loss) earnings per share | 35,402 | 35,108 | 35,311 | 35,320 |
Basic (loss) earnings per share from continuing operations | $ (0.19) | $ 0.50 | $ 0.02 | $ 0.84 |
Diluted (loss) earnings per share from continuing operations | $ (0.19) | $ 0.50 | $ 0.02 | $ 0.84 |
Supplemental Cash Flow Inform_3
Supplemental Cash Flow Information - Schedule of Supplemental Cash Flow Information (Detail) - USD ($) $ in Thousands | 6 Months Ended | |
Jul. 13, 2019 | Jul. 14, 2018 | |
Non-cash financing activities: | ||
Recognition of finance lease liabilities | $ 948 | |
Non-cash investing activities: | ||
Capital expenditures included in accounts payable | $ 2,269 | 3,527 |
Finance lease asset additions | 948 | |
Other supplemental cash flow information: | ||
Cash paid for interest | $ 20,642 | $ 15,560 |
Reporting Segment Information -
Reporting Segment Information - Schedule of Segment Reporting Information, by Operating Segment (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jul. 13, 2019 | Jul. 14, 2018 | Jul. 13, 2019 | Jul. 14, 2018 | Dec. 29, 2018 | |
Segment Reporting Information [Line Items] | |||||
Net sales | $ 1,995,929 | $ 1,895,953 | $ 4,538,304 | $ 4,281,026 | |
Merger/acquisition and integration | 582 | 804 | 1,364 | 3,010 | |
Restructuring charges (gains) and asset impairment | 14,581 | (1,164) | 8,919 | 5,037 | |
Depreciation and amortization | 20,529 | 19,007 | 47,161 | 44,244 | |
Operating earnings (loss) | 7,370 | 29,818 | 29,579 | 55,566 | |
Capital expenditures | 15,765 | 13,555 | 31,771 | 34,596 | |
Total Assets | 2,291,964 | 2,291,964 | $ 1,971,912 | ||
Discontinued Operations [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Total Assets | 3,090 | 3,090 | 3,151 | ||
Operating Segments [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Net sales | 1,995,929 | 1,895,953 | 4,538,304 | 4,281,026 | |
Intersegment Eliminations [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Net sales | (226,636) | (198,388) | (515,044) | (451,712) | |
Food Distribution [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Net sales | 935,383 | 941,702 | 2,104,621 | 2,096,913 | |
Merger/acquisition and integration | 745 | (130) | 2,940 | ||
Restructuring charges (gains) and asset impairment | 16,024 | 100 | 9,681 | 1,360 | |
Depreciation and amortization | 7,744 | 7,318 | 17,977 | 16,858 | |
Operating earnings (loss) | 272 | 18,724 | 24,864 | 43,245 | |
Capital expenditures | 3,189 | 5,965 | 7,438 | 18,410 | |
Total Assets | 1,096,965 | 1,096,965 | 1,074,125 | ||
Food Distribution [Member] | Operating Segments [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Net sales | 935,383 | 941,702 | 2,104,621 | 2,096,913 | |
Food Distribution [Member] | Intersegment Eliminations [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Net sales | (226,636) | (198,388) | (515,044) | (451,712) | |
Military [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Net sales | 490,571 | 489,654 | 1,161,941 | 1,153,274 | |
Merger/acquisition and integration | 4 | ||||
Restructuring charges (gains) and asset impairment | (830) | (830) | |||
Depreciation and amortization | 2,736 | 2,763 | 6,333 | 6,441 | |
Operating earnings (loss) | (1,603) | 3,099 | (3,160) | 4,612 | |
Capital expenditures | 1,271 | 1,275 | 2,413 | 1,529 | |
Total Assets | 412,734 | 412,734 | 405,587 | ||
Military [Member] | Operating Segments [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Net sales | 490,571 | 489,654 | 1,161,941 | 1,153,274 | |
Retail [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Net sales | 569,975 | 464,597 | 1,271,742 | 1,030,839 | |
Merger/acquisition and integration | 582 | 59 | 1,494 | 66 | |
Restructuring charges (gains) and asset impairment | (1,443) | (434) | (762) | 4,507 | |
Depreciation and amortization | 10,049 | 8,926 | 22,851 | 20,945 | |
Operating earnings (loss) | 8,701 | 7,995 | 7,875 | 7,709 | |
Capital expenditures | 11,305 | 6,315 | 21,920 | 14,657 | |
Total Assets | 779,175 | 779,175 | $ 489,049 | ||
Retail [Member] | Operating Segments [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Net sales | $ 569,975 | $ 464,597 | $ 1,271,742 | $ 1,030,839 |