XML 28 R9.htm IDEA: XBRL DOCUMENT v2.3.0.15
Consolidated Statements Of Cash Flows (USD $)
In Thousands
6 Months Ended
Sep. 10, 2011
Sep. 11, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:  
Net loss$ (255,884)$ (274,820)
Adjustments to reconcile net loss to net cash used in operating activities (see next page)151,393195,938
Other changes in assets and liabilities:  
Decrease in receivables54,64617,534
Decrease (increase) in inventories37,590(7,209)
Increase in prepaid expenses and other current assets(11,960)(7,560)
Increase in other assets(14,549)(2,799)
(Decrease) increase in accounts payable(9,662)13,319
(Decrease) increase in accrued salaries, wages and benefits, and taxes(2,238)2,308
Increase in other accruals80,1695,917
Decrease in other non-current liabilities(74,003)(36,952)
Other operating activities, net129(99)
Payments for reorganization items(23,984) 
Net cash used in operating activities(68,353)(94,423)
CASH FLOWS FROM INVESTING ACTIVITIES:  
Expenditures for property(17,282)(43,447)
Proceeds from disposal of property8,7898,739
Proceeds from flood insurance 4,910
Proceeds from sale of assets held for sale38,302 
(Increase) decrease in restricted cash(2,449)302
Proceeds from sale of pharmacy assets4,785 
Net cash provided by (used in) investing activities32,145(29,496)
CASH FLOWS FROM FINANCING ACTIVITIES:  
Proceeds from issuance of long-term debt 800
Principal payments on long-term debt(99)(134)
Proceeds under revolving lines of credit 201,600
Principal payments on revolving lines of credit (200,700)
Principal payments on long-term real estate liabilities(616)(631)
Principal payments on capital leases(5,610)(6,317)
Decrease in book overdrafts(6,881)(21,804)
Payments of financing fees for debtor-in-possession financing(1,624) 
Deferred financing fees (6)
Dividends paid on preferred stock (7,000)
Proceeds from exercises of stock options 28
Net cash used in financing activities(14,830)(34,164)
Net decrease in cash and cash equivalents(51,038)(158,083)
Cash and cash equivalents at beginning of year352,607252,426
Cash and cash equivalents at end of period301,56994,343
ADJUSTMENTS TO RECONCILE NET LOSS TO NET CASH USED IN OPERATING ACTIVITIES:  
Depreciation and amortization101,588121,897
Goodwill, trademark and long-lived asset impairment79,54235,648
Impairment of long-lived assets in the normal course of business1,4651,144
Self-insurance reserve3,12721,661
Nonoperating income(91)(10,454)
Non-cash interest expense10,10423,258
Stock compensation expense (income)1,509(101)
Pension withdrawal costs13,923 
Employee benefit related costs2,1116,713
Asset disposition initiatives relating to discontinued operations 4
Non-cash occupancy charges for locations closed in the normal course of business1,580466
Adjustment to occupancy reserves92,773 
Losses relating to Hurricane Irene1,000 
Gain on disposal of owned property and write-down of property, net(499)(1,807)
Gain on disposal of discontinued operations (79)
Gain on sale of pharmacy assets(4,785) 
Gain on sale of assets held for sale(29,120) 
Amortization of deferred real estate income(1,777)(2,412)
C&S contract effect9,184 
Provision for deferred income taxes(1,719) 
Reorganization items, net relating to continuing operations(95,026) 
Reorganization items, net relating to discontinued operations(34,209) 
Financing fees713 
Total adjustments to net loss$ 151,393$ 195,938