XML 72 R21.htm IDEA: XBRL DOCUMENT v3.19.3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Jul. 27, 2019
Accounting Policies [Abstract]  
Disaggregation of Revenue
The following table presents the Company's sales by product categories during each of the periods indicated:
 
Years Ended
 
July 27, 2019
 
July 28, 2018
 
Amount
 
%
 
Amount
 
%
Center Store (1)
$
1,011,232

 
61.5
%
 
$
1,000,316

 
62.0
%
Fresh (2)
558,245

 
34.0
%
 
541,102

 
33.5
%
Pharmacy
69,404

 
4.2
%
 
69,917

 
4.3
%
Other (3)
4,621

 
0.3
%
 
3,710

 
0.2
%
 
 
 
 
 
 
 
 
Total Sales
$
1,643,502

 
100.0
%
 
$
1,615,045

 
100.0
%

(1) Consists primarily of grocery, dairy, frozen, health and beauty care, general merchandise and liquor.
(2) Consists primarily of produce, meat, deli, seafood, bakery, prepared foods and floral.
(3) Consists primarily of sales related to other income streams, including ShopRite from Home service fees and gift card and lottery commissions.
Schedule of Earnings Per Share, Basic and Diluted
The tables below reconcile the numerators and denominators of basic and diluted net income per share for all periods presented.

 
2019
 
2018
 
Class A
 
Class B
 
Class A
 
Class B
Numerator:
 
 
 
 
 
 
 
Net income allocated, basic
$
19,341

 
$
5,538

 
$
18,925

 
$
5,447

Conversion of Class B to Class A shares
5,538

 

 
5,447

 

Effect of share-based compensation on allocated net income

 
(1
)
 

 

Net income allocated, diluted
$
24,879

 
$
5,537

 
$
24,372

 
$
5,447

 
 
 
 
 
 
 
 
Denominator:
 

 
 

 
 

 
 

Weighted average shares outstanding, basic
9,747

 
4,296

 
9,717

 
4,304

Conversion of Class B to Class A shares
4,296

 

 
4,304

 

Dilutive effect of share-based compensation

 

 

 

Weighted average shares outstanding, diluted
14,043

 
4,296

 
14,021

 
4,304

 



Net income per share is as follows:
 
2019
 
2018
 
Class   A
 
Class   B
 
Class   A
 
Class   B
Basic
$
1.98

 
$
1.29

 
$
1.95

 
$
1.27

Diluted
$
1.77

 
$
1.29

 
$
1.74

 
$
1.27