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Segment Reporting (Tables)
 9 Months Ended
Oct. 06, 2018
Segment Reporting [Abstract]  
Information Regarding Operations in Reportable Segments

Information regarding the operations in these reportable segments is as follows (amounts in thousands):

 

 

For the Twelve Weeks Ended

 

 

For the Forty Weeks Ended

 

 

 

October 6, 2018

 

 

October 7, 2017

 

 

October 6, 2018

 

 

October 7, 2017

 

Sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DSD Segment

 

$

799,271

 

 

$

803,153

 

 

$

2,659,639

 

 

$

2,628,365

 

Warehouse Segment

 

 

182,639

 

 

 

185,219

 

 

 

615,530

 

 

 

596,740

 

Eliminations:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales from Warehouse Segment to DSD Segment

 

 

(39,443

)

 

 

(39,652

)

 

 

(136,708

)

 

 

(129,637

)

Sales from DSD Segment to Warehouse Segment

 

 

(19,018

)

 

 

(15,898

)

 

 

(67,276

)

 

 

(48,358

)

 

 

$

923,449

 

 

$

932,822

 

 

$

3,071,185

 

 

$

3,047,110

 

Gain on divestiture:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Warehouse Segment

 

$

—

 

 

$

—

 

 

$

—

 

 

$

28,875

 

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

28,875

 

Multi-employer pension plan withdrawal costs:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DSD Segment

 

$

—

 

 

$

18,268

 

 

$

2,322

 

 

$

18,268

 

 

 

$

—

 

 

$

18,268

 

 

$

2,322

 

 

$

18,268

 

Loss (recovery) on inferior ingredients:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DSD Segment

 

$

(2,986

)

 

$

—

 

 

$

898

 

 

$

—

 

Warehouse Segment

 

 

1,095

 

 

 

—

 

 

 

1,095

 

 

 

—

 

 

 

$

(1,891

)

 

$

—

 

 

$

1,993

 

 

$

—

 

Restructuring charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DSD Segment

 

$

289

 

 

$

76,625

 

 

$

2,187

 

 

$

76,625

 

Warehouse Segment

 

 

175

 

 

 

20,091

 

 

 

251

 

 

 

20,091

 

Unallocated corporate costs

 

 

33

 

 

 

3,833

 

 

 

119

 

 

 

3,833

 

 

 

$

497

 

 

$

100,549

 

 

$

2,557

 

 

$

100,549

 

Impairment of assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DSD Segment

 

$

—

 

 

$

—

 

 

$

2,483

 

 

$

—

 

 

 

$

—

 

 

$

—

 

 

$

2,483

 

 

$

—

 

Depreciation and amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DSD Segment

 

$

27,676

 

 

$

28,286

 

 

$

95,273

 

 

$

98,703

 

Warehouse Segment

 

 

4,916

 

 

 

4,769

 

 

 

16,443

 

 

 

15,841

 

Unallocated corporate costs(1)

 

 

70

 

 

 

(83

)

 

 

233

 

 

 

(256

)

 

 

$

32,662

 

 

$

32,972

 

 

$

111,949

 

 

$

114,288

 

Income from operations:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DSD Segment

 

$

58,819

 

 

$

(20,338

)

 

$

197,725

 

 

$

146,388

 

Warehouse Segment

 

 

5,866

 

 

 

(9,082

)

 

 

31,563

 

 

 

47,202

 

Unallocated corporate costs(2)

 

 

(11,235

)

 

 

(22,637

)

 

 

(46,959

)

 

 

(78,722

)

 

 

$

53,450

 

 

$

(52,057

)

 

$

182,329

 

 

$

114,868

 

Interest expense

 

$

(8,180

)

 

$

(8,194

)

 

$

(27,390

)

 

$

(28,255

)

Interest income

 

$

6,615

 

 

$

5,464

 

 

$

21,176

 

 

$

17,199

 

Pension plan settlement loss

 

$

(930

)

 

$

(3,030

)

 

$

(6,633

)

 

$

(3,030

)

Other components of net periodic pension and

   postretirement benefits credit

 

$

171

 

 

$

1,321

 

 

$

1,204

 

 

$

4,687

 

Income before income taxes

 

$

51,126

 

 

$

(56,496

)

 

$

170,686

 

 

$

105,469

 

 

(1)

Represents costs allocated to the company’s corporate head office.

(2)

Represents costs allocated to the company’s corporate head office and pension plan settlement loss.

(3)

Represents the company’s corporate head office assets, including primarily cash and cash equivalents and deferred taxes.  Certain assets were reclassified from the unallocated corporate head office to the DSD Segment during the first quarter of our fiscal 2018.
Assets by Segment

The table below presents the assets by segment (amounts in thousands):

 

Assets:

 

October 6, 2018

 

 

December 30, 2017

 

DSD Segment

 

$

2,293,104

 

 

$

2,270,179

 

Warehouse Segment

 

 

301,249

 

 

 

296,157

 

Other (3)

 

 

98,784

 

 

 

93,388

 

Total assets

 

$

2,693,137

 

 

$

2,659,724

 

 

(1)

Represents costs allocated to the company’s corporate head office.

(2)

Represents costs allocated to the company’s corporate head office and pension plan settlement loss.

(3)

Represents the company’s corporate head office assets, including primarily cash and cash equivalents and deferred taxes.  Certain assets were reclassified from the unallocated corporate head office to the DSD Segment during the first quarter of our fiscal 2018.
Sales by Product Category in Each Reportable Segment

Sales by product category in each reportable segment are as follows for the twelve and forty weeks ended October 6, 2018 and October 7, 2017, respectively (amounts in thousands):

 

 

 

For the Twelve Weeks Ended

 

 

For the Twelve Weeks Ended

 

 

 

October 6, 2018

 

 

October 7, 2017

 

 

 

DSD Segment

 

 

Warehouse

Segment

 

 

Total

 

 

DSD Segment

 

 

Warehouse

Segment

 

 

Total

 

Branded retail

 

$

514,405

 

 

$

32,945

 

 

$

547,350

 

 

$

514,346

 

 

$

36,963

 

 

$

551,309

 

Store branded retail

 

 

114,581

 

 

 

26,418

 

 

 

140,999

 

 

 

110,853

 

 

 

27,803

 

 

 

138,656

 

Non-retail and other

 

 

151,267

 

 

 

83,833

 

 

 

235,100

 

 

 

162,056

 

 

 

80,801

 

 

 

242,857

 

Total

 

$

780,253

 

 

$

143,196

 

 

$

923,449

 

 

$

787,255

 

 

$

145,567

 

 

$

932,822

 

 

 

 

For the Forty Weeks Ended

 

 

For the Forty Weeks Ended

 

 

 

October 6, 2018

 

 

October 7, 2017

 

 

 

DSD Segment

 

 

Warehouse

Segment

 

 

Total

 

 

DSD Segment

 

 

Warehouse

Segment

 

 

Total

 

Branded retail

 

$

1,700,461

 

 

$

116,192

 

 

$

1,816,653

 

 

$

1,674,871

 

 

$

121,052

 

 

$

1,795,923

 

Store branded retail

 

 

372,802

 

 

 

90,369

 

 

 

463,171

 

 

 

368,371

 

 

 

86,960

 

 

 

455,331

 

Non-retail and other

 

 

519,100

 

 

 

272,261

 

 

 

791,361

 

 

 

536,765

 

 

 

259,091

 

 

 

795,856

 

Total

 

$

2,592,363

 

 

$

478,822

 

 

$

3,071,185

 

 

$

2,580,007

 

 

$

467,103

 

 

$

3,047,110