BUSINESS SEGMENTS

3 Months Ended

Nov. 01, 2014

Segment Reporting [Abstract]

BUSINESS SEGMENTS

BUSINESS SEGMENTS

The Company has several operating divisions aggregated under the wholesale segment, which is the Company’s only reportable segment. These operating divisions have similar products and services, customer channels, distribution methods and historical margins. The wholesale segment is engaged in the national distribution of natural, organic and specialty foods, produce and related products in the United States and Canada. The Company has additional operating divisions that do not meet the quantitative thresholds for reportable segments and are therefore aggregated under the caption of “Other.” “Other” includes a retail division, which engages in the sale of natural foods and related products to the general public through retail storefronts on the east coast of the United States, a manufacturing division, which engages in importing, roasting and packaging of nuts, seeds, dried fruit and snack items, and the Company’s branded product lines. “Other” also includes certain corporate operating expenses that are not allocated to operating divisions and are necessary to operate the Company’s headquarters located in Providence, Rhode Island, which include depreciation, salaries, retainers, and other related expenses of officers, directors, corporate finance (including professional services), information technology, governance, legal, human resources and internal audit. As the Company continues to expand its business and serve its customers through a new national platform, these corporate expense amounts have increased, which is the primary driver behind the increasing operating losses within the “Other” category below. Non-operating expenses that are not allocated to the operating divisions are under the caption of “Unallocated Expenses.” The Company does not record its revenues for financial reporting purposes by product group, and it is therefore impracticable for the Company to report them accordingly.

The following table reflects business segment information for the periods indicated (in thousands):

	Wholesale		Other			Eliminations			Unallocated			Consolidated
Three months ended November 1, 2014:
Net sales	$	1,970,719	$	59,570		$	(37,813	)	$	—		$	1,992,476
Operating income (loss)	66,709		(7,599		)	(717		)	—			58,393
Interest expense	—		—			—			3,255			3,255
Interest income	—		—			—			(93		)	(93		)
Other, net	—		—			—			616			616
Income before income taxes												54,615
Depreciation and amortization	12,409		1,749			—			—			14,158
Capital expenditures	26,937		435			—			—			27,372
Goodwill	256,185		17,731			—			—			273,916
Total assets	2,351,321		176,624			(17,879		)	—			2,510,066
Three months ended November 2, 2013:
Net sales	$	1,584,243	$	48,970		$	(31,202	)	$	—		$	1,602,011
Operating income (loss)	57,374		(7,961		)	(1,387		)	—			48,026
Interest expense	—		—			—			1,854			1,854
Interest income	—		—			—			(120		)	(120		)
Other, net	—		—			—			19			19
Income before income taxes												46,273
Depreciation and amortization	10,571		667			—			—			11,238
Capital expenditures	33,112		135			—			—			33,247
Goodwill	202,749		17,731			—			—			220,480
Total assets	1,835,966		139,650			(13,701		)	—			1,961,915