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, and salaries, retainers, and other related expenses of certain officers and all directors. 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 April 28, 2018:
Net sales	$	2,633,024	$	62,158		$	(46,303	)	$	—		$	2,648,879
Restructuring and asset impairment expenses	—		151			—			—			151
Operating income (loss)	86,633		(3,984		)	(492		)	—			82,157
Interest expense	—		—			—			4,468			4,468
Interest income	—		—			—			(121		)	(121		)
Other, net	—		—			—			(24		)	(24		)
Income before income taxes	—		—			—			—			77,834
Depreciation and amortization	21,261		472			—			—			21,733
Capital expenditures	13,694		417			—			—			14,111
Goodwill	352,763		10,153			—			—			362,916
Total assets	2,935,420		184,301			(40,875		)	—			3,078,846

13-Week Period Ended April 29, 2017:
Net sales	$	2,353,723	$	67,538		$	(51,705	)	$	—		$	2,369,556
Restructuring and asset impairment expenses	2,874		1,072			—			—			3,946
Operating income (loss)	67,273		(1,117		)	(1,210		)	—			64,946
Interest expense	—		—			—			4,225			4,225
Interest income	—		—			—			(82		)	(82		)
Other, net	—		—			—			478			478
Income before income taxes	—		—			—			—			60,325
Depreciation and amortization	20,559		913			—			—			21,472
Capital expenditures	16,412		918			—			—			17,330
Goodwill	351,141		18,025			—			—			369,166
Total assets	2,746,648		213,180			(39,241		)	—			2,920,587



	Wholesale		Other			Eliminations			Unallocated (Income)/Expenses			Consolidated
39-Week Period Ended April 28, 2018:
Net sales	$	7,592,352	$	175,083		$	(133,000	)	$	—		$	7,634,435
Restructuring and asset impairment expenses	67		11,326			—			—			11,393
Operating income (loss)	200,530		(25,124		)	2,062			—			177,468
Interest expense	—		—			—			12,368			12,368
Interest income	—		—			—			(308		)	(308		)
Other, net	—		—			—			(1,305		)	(1,305		)
Income before income taxes	—		—			—			—			166,713
Depreciation and amortization	64,237		1,745			—			—			65,982
Capital expenditures	27,297		2,349			—			—			29,646
Goodwill	352,763		10,153			—			—			362,916
Total assets	2,935,420		184,301			(40,875		)	—			3,078,846

39-Week Period Ended April 29, 2017:
Net sales	$	6,885,912	$	176,655		$	(129,129	)	$	—		$	6,933,438
Restructuring and asset impairment expenses	2,874		1,072			—			—			3,946
Operating income (loss)	178,498		(12,803		)	(1,139		)	—			164,556
Interest expense	—		—			—			13,188			13,188
Interest income	—		—			—			(278		)	(278		)
Other, net	—		—			—			760			760
Income before income taxes	—		—			—			—			150,886
Depreciation and amortization	61,837		2,093			—			—			63,930
Capital expenditures	38,016		1,988			—			—			40,004
Goodwill	351,141		18,025			—			—			369,166
Total assets	2,746,648		213,180			(39,241		)	—			2,920,587