BUSINESS SEGMENTS

12 Months Ended

Jul. 29, 2017

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, the Company's branded product lines, and the Company's brokerage business, which markets various products on behalf of food vendors directly and exclusively to the Company's customers. "Other" also includes certain corporate operating expenses that are not allocated to operating divisions, which include, among other expenses, stock based compensation, depreciation, and salaries, retainers, and other related expenses of certain officers and all directors. As the Company continues to expand its business and serve its customers through our 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 Company has long-lived assets of $27.3 million held in Canada as of July 29, 2017.

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 a portion of its corporate operating expenses, which were previously reported under the caption of "Other," in order to better support segment operations. 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 (Income)/ Expenses			Consolidated
	(In thousands)
Fiscal year ended July 29, 2017
Net sales	$	9,210,815	$	232,192		$	(168,536	)	$	—		$	9,274,471
Restructuring and asset impairment expenses	2,922		3,942			—			—			6,864
Operating income (loss)	247,419		(21,857		)	463			—			226,025
Interest expense	—		—			—			17,114			17,114
Interest income	—		—			—			(360		)	(360		)
Other, net	—		—			—			(5,152		)	(5,152		)
Income before income taxes												214,423
Depreciation and amortization	83,063		2,988			—			—			86,051
Capital expenditures	53,328		2,784			—			—			56,112
Goodwill	353,234		18,025			—			—			371,259
Total assets	2,724,069		203,154			(40,660		)	—			2,886,563
Fiscal year ended July 30, 2016
Net sales	8,395,821		238,691			(164,226		)	—			8,470,286
Restructuring and asset impairment expenses	2,811		2,741			—			—			5,552
Operating income (loss)	228,476		(3,488		)	(879		)	—			224,109
Interest expense	—		—			—			16,259			16,259
Interest income	—		—			—			(1,115		)	(1,115		)
Other, net	—		—			—			743			743
Income before income taxes												208,222
Depreciation and amortization	68,278		2,728			—			—			71,006
Capital expenditures	39,464		1,911			—			—			41,375
Goodwill	348,143		18,025			—			—			366,168
Total assets	2,672,620		201,603			(22,068		)	—			2,852,155
Fiscal year ended August 1, 2015
Net sales	8,099,818		225,520			(140,360		)	—			8,184,978
Restructuring and asset impairment expenses	803		—			—			—			803
Operating income (loss)	234,525		8,394			(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	2,369,490		189,149			(17,645		)	—			2,540,994