BUSINESS SEGMENTS

3 Months Ended

Oct. 28, 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 the 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 (Income)/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 (Income)/Expenses			Consolidated
13-Week Period Ended October 28, 2017:
Net sales	$	2,444,658	$	57,432		$	(44,545	)	$	—		$	2,457,545
Operating income (loss)	59,956		(4,591		)	(258		)	—			55,107
Interest expense	—		—			—			3,667			3,667
Interest income	—		—			—			(91		)	(91		)
Other, net	—		—			—			(863		)	(863		)
Income before income taxes												52,394
Depreciation and amortization	21,539		903			—			—			22,442
Capital expenditures	4,177		1,080			—			—			5,257
Goodwill	352,786		18,025			—			—			370,811
Total assets	2,919,476		171,239			(44,403		)	—			3,046,312
13-Week Period Ended October 29, 2016:
Net sales	$	2,260,900	$	57,740		$	(40,276	)	$	—		$	2,278,364
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