DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Aug. 03, 2019

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

Operating results of discontinued operations are summarized below:

(in thousands)	2019(1) (41 weeks)
Net sales	$	2,094,046
Cost of sales	1,523,742
Gross profit	570,304
Operating expenses	463,355
Restructuring expenses	16,931
Operating income	90,018
Interest expense	931
Net periodic benefit income, excluding service cost	(463		)
Equity in earnings of unconsolidated subsidiaries	1,910
Income from discontinued operations before income taxes	87,640
Income tax provision	21,840
Income from discontinued operations, net of tax	$	65,800

(1) These results reflect retail operations from the Supervalu acquisition date of October 22, 2018 to August 3, 2019.

(in thousands)	August 3, 2019
Current assets
Cash and cash equivalents	$	2,917
Receivables, net	1,471
Inventories	129,142
Other current assets	10,199
Total current assets of discontinued operations	143,729
Long-term assets
Property and equipment	301,395
Intangible assets	48,788
Other assets	1,882
Total long-term assets of discontinued operations	352,065
Total assets of discontinued operations	$	495,794
Current liabilities
Accounts payable	$	61,634
Accrued compensation and benefits	45,887
Other current liabilities	14,744
Total current liabilities of discontinued operations	122,265
Long-term liabilities
Other long-term liabilities	1,923
Total liabilities of discontinued operations	124,188
Net assets of discontinued operations	$	371,606