BUSINESS SEGMENTS

3 Months Ended

Oct. 29, 2016

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, packaging, and distributing of nuts, dried fruit, seeds, trail mixes, granola, natural and organic snack items and confections, 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.

Beginning in the first quarter of fiscal 2017, a change in how the Company's chief operating decision maker assesses performance and allocates resources resulted in a change in how the Company allocates certain corporate operating expenses in order to better support segment operations. Certain corporate operating expenses were previously reported under the caption of “Other.” The following table sets forth certain financial information for the Company's business segments. Prior year amounts have been reclassified to conform to current year presentation and include the impact of a change in the allocation of certain corporate operating expenses between the captions "Other" and "Wholesale." The amount reclassified is not considered to be material and is consistent with management's assessment of segment performance in fiscal 2017.

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

	Wholesale		Other			Eliminations			Unallocated			Consolidated
13-Week Period Ended October 29, 2016:
Net sales	$	2,260,900	$	57,740		$	(40,276	)	$	—		$	2,278,364
Restructuring and asset impairment expenses	—		—			—			—			—
Operating income (loss)	58,663		(5,168		)	(156		)	—			53,339
Interest expense	—		—			—			4,522			4,522
Interest income	—		—			—			(99		)	(99		)
Other, net	—		—			—			383			383
Income before income taxes												48,533
Depreciation and amortization	20,691		524			—			—			21,215
Capital expenditures	8,355		843			—			—			9,198
Goodwill	357,201		18,025			—			—			375,226
Total assets	2,771,800		198,915			(27,674		)	—			2,943,041
13-Week Period Ended October 31, 2015:
Net sales	$	2,059,622	$	57,807		$	(40,780	)	$	—		$	2,076,649
Restructuring and asset impairment expenses	2,809		—			—			—			2,809
Operating income (loss)	60,313		(4,920		)	(1,489		)	—			53,904
Interest expense	—		—			—			3,748			3,748
Interest income	—		—			—			(152		)	(152		)
Other, net	—		—			—			173			173
Income before income taxes												50,135
Depreciation and amortization	16,083		621			—			—			16,704
Capital expenditures	7,122		466			—			—			7,588
Goodwill	248,929		17,731			—			—			266,660
Total assets	2,485,086		189,442			(24,343		)	—			2,650,185