BUSINESS SEGMENTS

12 Months Ended

Aug. 01, 2015

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, which consist of depreciation, salaries, retainers, and other related expenses of officers, directors, corporate finance (including professional services), information technology, governance, legal, human resources and internal audit that are necessary to operate the Company's headquarters located in Providence, Rhode Island. 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.

Following is business segment information for the periods indicated:

	Wholesale		Other			Eliminations			Unallocated Expenses			Consolidated
	(In thousands)
Fiscal year ended August 1, 2015
Net sales	$	8,099,818	$	225,520		$	(140,360	)				$	8,184,978
Operating income (loss)	259,214		(16,295		)	(962		)				241,957
Interest expense									$	14,498		14,498
Interest income									(356		)	(356		)
Other, net									(1,954		)	(1,954		)
Income before income taxes												229,769
Depreciation and amortization	64,452		(652		)							63,800
Capital expenditures	125,217		3,917									129,134
Goodwill	248,909		17,731									266,640
Total assets	2,378,686		189,149			(17,645		)				2,550,190
Fiscal year ended August 2, 2014
Net sales	$	6,709,119	$	206,618		$	(121,290	)				$	6,794,447
Operating income (loss)	236,062		(24,542		)	(732		)				210,788
Interest expense									$	7,753		7,753
Interest income									(508		)	(508		)
Other, net									(3,865		)	(3,865		)
Income before income taxes												207,408
Depreciation and amortization	46,516		2,242									48,758
Capital expenditures	145,875		1,428									147,303
Goodwill	256,817		17,731									274,548
Total assets	2,146,114		156,053			(13,276		)				2,288,891
Fiscal year ended August 3, 2013
Net sales	$	5,997,235	$	186,505		$	(119,385	)				$	6,064,355
Operating income (loss)	225,895		(38,836		)	(1,565		)				185,494
Interest expense									$	5,897		5,897
Interest income									(632		)	(632		)
Other, net									6,113			6,113
Income before income taxes												174,116
Depreciation and amortization	40,148		2,250									42,398
Capital expenditures	64,969		1,585									66,554
Goodwill	184,143		17,731									201,874
Total assets	1,596,131		145,770			(11,993		)				1,729,908