XML 82 R70.htm IDEA: XBRL DOCUMENT v3.19.1
BUSINESS SEGMENTS (Details)
$ in Thousands
3 Months Ended 9 Months Ended
Apr. 27, 2019
USD ($)
Apr. 28, 2018
USD ($)
Apr. 27, 2019
USD ($)
segment
Apr. 28, 2018
USD ($)
Business segment information        
Number of Operating Segments | segment     3  
Net sales $ 5,962,620 [1] $ 2,648,879 [2] $ 14,979,982 [3] $ 7,634,435 [2]
Goodwill and asset impairment charges (38,250)   332,621 11,242
Restructuring, acquisition, and integration related expenses 19,438 151 134,567 151
Operating income (loss) 69,681 82,157 (357,292) 177,468
Total other expense, net 44,934 4,323 98,689 10,755
Income before income taxes 24,747 77,834 (455,981) 166,713
Depreciation and amortization 71,787 21,733 169,780 65,982
Capital expenditures 56,816 14,111 136,953 29,646
Total assets of continuing operations 6,786,557 3,078,846 6,786,557 3,078,846
Operating Segments        
Business segment information        
Net sales      
Operating Segments | Wholesale        
Business segment information        
Net sales 5,943,928 [1] 2,633,024 [2] 14,931,170 [3] 7,592,352 [2]
Goodwill and asset impairment charges (38,250)   332,621 67
Restructuring, acquisition, and integration related expenses 0 0 4 0
Operating income (loss) 131,888 86,633 (120,083) 200,530
Income before income taxes 0 0 0 0
Depreciation and amortization 63,348 21,261 149,201 64,237
Capital expenditures 56,655 13,694 136,065 27,297
Total assets of continuing operations 6,403,512 2,935,420 6,403,512 2,935,420
Operating Segments | Other        
Business segment information        
Net sales 62,503 62,158 [2] 169,116 [3] 175,083 [2]
Goodwill and asset impairment charges 0   0 11,175
Restructuring, acquisition, and integration related expenses 19,438 151 134,563 151
Operating income (loss) (60,024) (3,984) (233,961) (25,124)
Income before income taxes 0 0 0 0
Depreciation and amortization 8,439 472 20,579 1,745
Capital expenditures 161 417 888 2,349
Total assets of continuing operations 423,663 184,301 423,663 184,301
Eliminations        
Business segment information        
Net sales (43,811) (46,303) (120,304) (133,000)
Goodwill and asset impairment charges 0   0 0
Restructuring, acquisition, and integration related expenses 0 0 0 0
Operating income (loss) (2,183) (492) (3,248) 2,062
Income before income taxes 0 0 0 0
Depreciation and amortization 0 0 0 0
Capital expenditures 0 0 0 0
Total assets of continuing operations (40,618) (40,875) (40,618) (40,875)
Unallocated (Income)/Expenses        
Business segment information        
Net sales 0 [1] 0 0 0
Goodwill and asset impairment charges 0   0 0
Restructuring, acquisition, and integration related expenses 0 0 0 0
Operating income (loss) 0 0 0 0
Total other expense, net 44,934 4,323 98,689 10,755
Income before income taxes 0 0 0 0
Depreciation and amortization 0 0 0 0
Capital expenditures 0 0 0 0
Total assets of continuing operations 0 $ 0 0 $ 0
Discontinued Operations [Member] | Operating Segments | Wholesale        
Business segment information        
Net sales $ 233,400   $ 520,400  
[1] For the third quarter of fiscal 2019, the Company recorded $233.4 million within Net sales in its wholesale reportable segment attributable to discontinued operations inter-company product purchases from its Retail operating segment, which it expects will continue subsequent to the sale of certain retail banners.
[2] During the second quarter of fiscal 2019, the presentation of net sales by customer channel was adjusted to reflect changes in the classification of customer types as a result of a detailed review of customer channel definitions. There was no impact to the Condensed Consolidated Statements of Income as a result of revising the classification of customer types. As a result of this adjustment, net sales to our supermarkets channel and to our other channel for the third quarter of fiscal 2018 decreased approximately $12 million and $13 million, respectively, compared to the previously reported amounts, while net sales to the independents channel for the third quarter of fiscal 2018 increased approximately $25 million compared to the previously reported amounts. In addition, net sales to our supermarkets channel and to our other channel for the 39-week period ended April 28, 2018 decreased approximately $32 million and $45 million, respectively, compared to the previously reported amounts, while net sales to the independents channel for the 39-week period ended April 28, 2018 increased approximately $77 million compared to the previously reported amounts.
[3] During the second quarter of fiscal 2019, the presentation of net sales attributable to Supervalu was incorporated into our definitions of sales by customer channel. There was no impact to the Condensed Consolidated Statements of Income as a result of revising the classification of customer types. Net sales as reported in the first quarter of fiscal 2019 by customer channel were recast, resulting in an increase in supermarket sales of $198 million, independents of $25 million, and other of $1 million with an offsetting decrease to the Supervalu customer channel.