Discontinued Operations

3 Months Ended

Mar. 23, 2013

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

DISCONTINUED OPERATIONS

In January 2012, Safeway announced the planned sale or closure of its Genuardi’s stores, located in the Eastern United States. In the first quarter of 2012, Safeway closed three of the Genuardi's stores and incurred impairment and store lease exit losses of $14.2 million ($8.6 million, net of tax) as discontinued operations. The disposition of Genuardi's was completed during 2012 with cash proceeds of $107.0 million and a pre-tax gain of $52.4 million ($31.9 million after tax). Fiscal 2012 operating results of these stores have not been reflected in discontinued operations because the historical financial operating results were not material to the Company’s consolidated financial statements.