Basis of Presentation

3 Months Ended

Mar. 23, 2013

Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]

Note 1 – Basis of Presentation

                The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information.  Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements.  For further information, refer to the consolidated financial statements and footnotes included in our Annual Report on Form 10-K for the year ended December 29, 2012.

The accompanying unaudited consolidated financial statements include all adjustments which are, in the opinion of management, necessary to present fairly the financial position of Nash-Finch Company and our subsidiaries (“Nash Finch” or “the Company”) at March 23, 2013, and December 29, 2012, the results of operations for the 12 weeks ended March 23, 2013 (“first quarter 2013”), and March 24, 2012 (“first quarter 2012”), and cash flows for the 12 weeks ended March 23, 2013 and March 24, 2012.  Adjustments consist only of normal recurring items, except for any items discussed in the notes below.  All material intercompany accounts and transactions have been eliminated in the unaudited consolidated financial statements.  Results of operations for the interim periods presented are not necessarily indicative of the results to be expected for the full year.

                The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes.  Actual results could differ from those estimates.

                During the fourth quarter of fiscal 2012, the Company revised its presentation of fees received from customers for shipping, handling, and the performance of certain other services, which primarily impacted our Food Distribution and Military business segments.  The Company historically presented these items, such as freight fees, fuel surcharges, and fees for advertising services as a reduction to cost of sales.  In accordance with the provisions of FASB Accounting Standards Codification (“ASC”) Topic 605, the Company revised its presentation to classify amounts billed to a customer related to shipping and handling in a sale transaction as revenue.  The Company also revised its presentation to classify fees received for the performance of certain other services as revenue.  The revisions had the effect of increasing both sales and cost of sales, but did not have an impact on gross profit, earnings before income taxes, net earnings, cash flows, or financial position for any period, or their respective trends.  Management determined that the change in presentation was not material to any period.  Certain prior year amounts shown below related to the first quarter of fiscal 2012 have been revised to conform to the current presentation.  Amounts related to fiscal 2012 periods after the first quarter will be revised as shown the next time those periods are presented.

	12 Weeks Ended
	March 24, 2012			12 Weeks Ended
	As Originally			March 24, 2012
(in 000's)	Reported	% of Sales	Adjustments	As Revised	% of Sales
Sales	$ 1,058,634	100.0%	11,211	$ 1,069,845	100.0%
Cost of Sales	977,911	92.4%	11,211	989,122	92.5%
Gross Profit	$ 80,723	7.6%	-	$ 80,723	7.5%

	12 Weeks Ended
	June 16, 2012			12 Weeks Ended
	As Originally			June 16, 2012
(in 000's)	Reported	% of Sales	Adjustments	As Revised	% of Sales
Sales	$ 1,092,798	100.0%	11,444	$ 1,104,242	100.0%
Cost of Sales	1,004,004	91.9%	11,444	1,015,448	92.0%
Gross Profit	$ 88,794	8.1%	-	$ 88,794	8.0%

	16 Weeks Ended
	October 6, 2012			16 Weeks Ended
	As Originally			October 6, 2012
(in 000's)	Reported	% of Sales	Adjustments	As Revised	% of Sales
Sales	$ 1,496,343	100.0%	14,747	$ 1,511,090	100.0%
Cost of Sales	1,368,698	91.5%	14,747	1,383,445	91.6%
Gross Profit	$ 127,645	8.5%	-	$ 127,645	8.4%