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Inventories

12 Months Ended

Jan. 01, 2012

Inventories consisted of the following:



	January 2, 2011			January 1, 2012
	(in thousands)
Merchandise	$	48,521		$	54,480
Fuel-retail	23,660			28,680
Fuel-wholesale consignment	4,347			5,014
Fuel-wholesale bulk	737			1,180
Lottery	2,028			2,044
Equipment and maintenance spare parts	5,977			8,016
Allowance for inventory shortage and obsolescence	(1,130		)	(691		)
Inventories, net	$	84,140		$	98,723

An allowance for inventory shortage and obsolescence is provided based on historical shortage trends and management’s assessment of any inventory obsolescence. Following is a summary of the valuation account related to inventory:



	Balance at Beginning of Period		Additions Charged to Costs and Expenses			Amounts Written Off, Net of Recoveries		Balance at End of Period
	(in thousands)
Allowance for inventory shortage and obsolescence:
January 3, 2010	$	815	$	242		$	393	$	664
January 2, 2011	664		640			174		1,130
January 1, 2012	1,130		(209		)	230		691

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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