Discontinued Operations (Tables)

9 Months Ended

Oct. 05, 2024

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

The following table represents the major classes of assets and liabilities of discontinued operations classified as held for sale in the Condensed Consolidated Balance Sheets as of October 5, 2024 and December 30, 2023:

	October 5, 2024		December 30, 2023
Carrying amounts of the major classes of assets included in discontinued operations1:
Cash	$	26,479	$	15,422
Receivables, net	208,942		190,613
Inventories, net	987,687		964,133
Other current assets	33,403		35,305
Property and equipment, net of accumulated depreciation	82,480		92,561
Operating lease right-of-use assets	243,763		231,703
Other intangible assets, net	163,408		174,180
Goodwill	390,256		390,584
Other noncurrent assets	1,272		911
Total assets of held for sale	$	2,137,690	$	2,095,412
Carrying amounts of the major classes of liabilities included in discontinued operations1:
Accounts payable	$	686,249	$	651,895
Accrued expenses	58,020		55,170
Other current liabilities	70,935		61,786
Noncurrent operating lease liabilities	171,093		175,858
Deferred income taxes	6,618		6,907
Other noncurrent liabilities	1,909		986
Total liabilities held for sale	$	994,824	$	952,602

1 Assets and liabilities of discontinued operations as of October 5, 2024 are classified as current on the consolidated balance sheet as the Company expects to close within twelve months of the balance sheet date.

The following table presents the major components of discontinued operations, net of income taxes, in the Company's Condensed Consolidated Statements of Operations:

	Twelve Weeks Ended				Forty Weeks Ended
	October 5, 2024		October 7, 2023		October 5, 2024		October 7, 2023
Major classes of line items constituting income of discontinued operations before provision for income taxes:
Net Sales	$	496,749	$	500,874	$	1,635,745	$	1,628,068
Cost of sales, including purchasing and warehousing costs	329,532		348,161		1,078,651		1,095,887
Selling, general and administrative expenses	137,779		135,088		476,177		450,479
Interest expense	(149)		(32)		(370)		(46)
Other income (expense), net	329		(911)		(2,327)		(437)
Income from discontinued operations related to major classes before provision for income taxes	29,618		16,682		78,220		81,219
Provision for income taxes	10,269		4,533		21,807		21,523
Net income from discontinued operations	$	19,349	$	12,149	$	56,413	$	59,696