Segment Reporting

6 Months Ended

Jun. 15, 2013

Segment Reporting Disclosure [Text Block]

Segment Reporting Disclosure [Text Block]

Note 10 – Segment Reporting

We sell and distribute products that are typically found in supermarkets and operate three reportable operating segments.  The Military segment consists of eight distribution centers that distribute products primarily to military commissaries and exchanges.  Our Food Distribution segment consists of 13 distribution centers that sell to independently operated retail grocery stores, our corporate owned stores and other customers.  As of June 15, 2013, the Retail segment consists of 75 corporate-owned stores that sell directly to the consumer. 

A summary of the major segments of the business is as follows:

		Second Quarter Ended
		June 15, 2013			June 16, 2012
(In thousands)		Sales to external customers	Inter-segment sales	Segment profit	Sales to external customers	Inter-segment sales	Segment profit
Military	$	537,529	-	3,942	526,201	-	8,570
Food Distribution		487,153	95,095	8,874	441,587	71,793	5,517
Retail		180,070	-	4,311	136,454	-	2,390
Eliminations		-	(95,095)		-	(71,793)	-
Total	$	1,204,752	-	17,127	1,104,242	-	16,477

		Year-to-Date Ended
		June 15, 2013			June 16, 2012
(In thousands)		Sales to external customers	Inter-segment sales	Segment profit	Sales to external customers	Inter-segment sales	Segment profit
Military	$	1,069,572	-	8,659	1,060,529	-	19,044
Food Distribution		872,481	187,500	9,021	874,345	123,663	7,855
Retail		356,940	-	7,095	239,213	-	3,051
Eliminations		-	(187,500)		-	(123,663)	-
Total	$	2,298,993	-	24,775	2,174,087	-	29,950

Reconciliation to Consolidated Statements of Income:
		Second Quarter Ended		Year-to-Date Ended
		June 15,	June 16,	June 15,	June 16,
(In thousands)		2013	2012	2013	2012
Total segment profit	$	17,127	16,477	24,775	29,950
Unallocated amounts:
Gain on acquisition of a business		-	6,639	-	6,639
Goodwill impairment		-	(131,991)	-	(131,991)
Interest		(2,536)	(4,425)	(7,218)	(8,829)
Earnings (loss) before income taxes	$	14,591	(113,300)	17,557	(104,231)