Reportable Segments

9 Months Ended

Dec. 03, 2011

Reportable Segments [Abstract]

Reportable Segments

23. Reportable Segments

Reportable segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance. Our chief operating decision maker is our President and Chief Executive Officer.

We have four reportable segments: Fresh, Pathmark, Gourmet and Other. The Other segment includes our Discount and Wine, Beer & Spirits businesses.

The accounting policies for these segments are the same as those described in the summary of significant accounting policies included in our Fiscal 2010 Annual Report. Assets and capital expenditures are not allocated to segments for internal reporting presentations.

Interim information on segments is as follows:

				Sales by Category
		12 Weeks Ended				40 Weeks Ended
		Dec. 3,		Dec. 4,		Dec. 3,		Dec. 4,
		2011		2010		2011		2010
Grocery (1)	$	1,105,019	$	1,254,386	$	3,772,094	$	4,323,618
Meat (2)		296,090		342,308		1,040,547		1,209,657
Produce (3)		170,233		197,111		628,041		743,739
Total	$	1,571,342	$	1,793,805	$	5,440,682	$	6,277,014

(1) The grocery category includes grocery, frozen foods, dairy, general merchandise/health and beauty aids, wine, beer & spirits, and pharmacy.

(2) The meat category includes meat, deli, bakery and seafood.

(3) The produce category includes produce and floral.

		12 Weeks Ended						40 Weeks Ended
		Dec. 3,			Dec. 4,			Dec. 3,			Dec. 4,
		2011			2010			2011			2010
Sales
Fresh	$	752,825		$	902,753		$	2,695,917		$	3,158,274
Pathmark		691,027			759,946			2,320,822			2,687,650
Gourmet		61,486			63,307			199,994			201,301
Other		66,004			67,799			223,949			229,789
Total sales	$	1,571,342		$	1,793,805		$	5,440,682		$	6,277,014
Segment (loss) income
Fresh	$	4,818		$	4,891		$	(14,138	)	$	28,618
Pathmark		(30,449	)		(20,992	)		(117,114	)		(73,572	)
Gourmet		4,652			5,411			12,518			14,294
Other		361			595			1,120			1,586
Total segment loss		(20,618	)		(10,095	)		(117,614	)		(29,074	)
Corporate (4)		(21,825	)		(29,468	)		(62,802	)		(105,664	)
Reconciling items (5)		(37,022	)		(103,180	)		(195,471	)		(167,877	)
Loss from operations		(79,465	)		(142,743	)		(375,887	)		(302,615	)
Nonoperating income (loss)		61			(213	)		152			10,241
Interest expense, net		(34,499	)		(40,038	)		(120,782	)		(147,306	)
Reorganization items, net		(10,510	)		-			84,516			-
Loss from continuing operations before income taxes	$	(124,413	)	$	(182,994	)	$	(412,001	)	$	(439,680	)

The following table presents our segment depreciation and amortization:

		12 Weeks Ended				40 Weeks Ended
		Dec. 3,		Dec. 4,		Dec. 3,		Dec. 4,
		2011		2010		2011		2010
Segment depreciation and amortization – continuing operations
Fresh	$	13,500	$	16,486	$	47,818	$	57,206
Pathmark		14,293		19,077		52,057		65,610
Gourmet		1,532		1,883		5,256		6,585
Other		1,174		1,271		4,008		4,175
Total segment depreciation and amortization – continuing
operations		30,499		38,717		109,139		133,576
Corporate		9,857		11,228		32,805		38,265
Total depreciation and amortization – continuing operations		40,356		49,945		141,944		171,841
Discontinued operations		-		-		-		-
Total company depreciation and amortization	$	40,356	$	49,945	$	141,944	$	171,841

(4) Represents a $4.4 million and $29.9 million decrease in corporate costs attributable to store-related activities, primarily benefits and occupancy costs which are not allocated to segments, for the 12 and 40 weeks ended December 3, 2011, respectively, and a $3.2 million and $13.0 million decline in corporate and administrative costs for the respective periods ended.

(5) Reconciling items, which are not included in segment loss, consist of the following:

		12 Weeks Ended						40 Weeks Ended
		Dec. 3,			Dec. 4,			Dec. 3,			Dec. 4,
		2011			2010			2011			2010
Long-lived asset impairment	$	(25,138	)	$	(29,336	)	$	(104,680	)	$	(64,984	)
Intangible asset impairment		-			(12,700	)		-			(12,700	)
Net restructuring and other		(64	)		(11,684	)		(2,865	)		(24,914	)
Net real estate related activity		(4,469	)		(48,114	)		(53,897	)		(47,881	)
Stock-based compensation expense		(931	)		(1,346	)		(2,440	)		(1,246	)
Pension withdrawal costs		-			-			(13,923	)		-
Self-insurance adjustment		-			-			(699	)		(16,152	)
Losses relating to Hurricane Irene		-			-			(1,000	)		-
Other insurance deductible		(500	)		-			(500	)		-
Inventory-related		(43	)		-			(406	)		-
C&S contract effect		(746	)		-			(9,930	)		-
Other		(5,131	)		-			(5,131	)		-
Total reconciling items	$	(37,022	)	$	(103,180	)	$	(195,471	)	$	(167,877	)