DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Aug. 01, 2020

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

(in thousands)	August 1, 2020			August 3, 2019
Current assets
Cash and cash equivalents	$	119		$	799
Receivables, net	350			158
Inventories	4,233			18,885
Other current assets	365			1,152
Total current assets of discontinued operations	5,067			20,994
Long-term assets
Property and equipment	3,450			44,489
Other assets	465			468
Total long-term assets of discontinued operations	3,915			44,957
Total assets of discontinued operations	$	8,982		$	65,951
Current liabilities
Accounts payable	$	3,613		$	6,181
Accrued compensation and benefits	4,501			3,637
Other current liabilities	3,324			5,699
Total current liabilities of discontinued operations	11,438			15,517
Long-term liabilities
Other long-term liabilities	1,738			770
Total liabilities of discontinued operations	13,176			16,287
Net (liabilities) assets of discontinued operations	$	(4,194	)	$	49,664

Operating results of discontinued operations are summarized below:

(in thousands)	2020			2019(1) (41 weeks)
Net sales	$	228,523		$	440,450
Cost of sales	162,099			312,200
Gross profit	66,424			128,250
Operating expenses	52,625			105,981
Restructuring expenses and charges	33,470			24,944
Operating loss	(19,671		)	(2,675		)
Other (income) expense, net	(4		)	150
Loss from discontinued operations before income taxes	(19,667		)	(2,825		)
Benefit for income taxes	(4,465		)	(3,723		)
(Loss) income from discontinued operations, net of tax	$	(15,202	)	$	898

(1)

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