Segment Reporting

12 Months Ended

Jan. 01, 2012

Segment Reporting [Abstract]

Segment Reporting

Segment Reporting

The Company operates its business in two primary operating segments, both of which are included as reportable segments. No operating segments have been aggregated in identifying the two reportable segments. The retail segment, Stripes, operates retail convenience stores in Texas, New Mexico and Oklahoma that sell merchandise, prepared food and motor fuel, and also offer a variety of services including car washes, lottery, ATM, money orders, prepaid phone cards and wireless services, and movie rentals. The wholesale segment, SPC, purchases fuel from a number of refiners and supplies it to the Company’s retail stores, to independently-owned dealer stations under long-term supply agreements and to other end users of motor fuel. Sales of fuel from the wholesale to retail segment are at delivered cost, including tax and freight. This amount is reflected in intercompany eliminations of fuel revenue. There are no customers who are individually material. Amounts in the “All Other” column include APT, corporate overhead and other costs not allocated to the two primary segments.

Segment Financial Data for the Year Ended January 3, 2010

(dollars and gallons in thousands)

	Retail Segment		Wholesale Segment			Intercompany Eliminations			All Other			Totals
Revenue:
Merchandise	$	784,424	$	—		$	—		$	—		$	784,424
Fuel	1,605,534		2,081,815			(1,205,890		)	—			2,481,459
Other	29,256		20,345			(8,806		)	630			41,425
Total revenue	2,419,214		2,102,160			(1,214,696		)	630			3,307,308
Gross Profit:
Merchandise, net	261,084		—			—			—			261,084
Fuel	105,021		20,207			—			—			125,228
Other	29,256		11,706			(171		)	276			41,067
Total gross profit	395,361		31,913			(171		)	276			427,379
Selling, general and administrative expenses	317,344		12,342			(171		)	9,010			338,525
Depreciation, amortization and accretion	38,772		5,086			—			524			44,382
Other operating expenses (1)	2,408		(6		)	—			—			2,402
Operating income (loss)	$	36,837	$	14,491		$	—		$	(9,258	)	$	42,070
Gallons	719,649		1,201,927			(707,106		)	—			1,214,470
Total assets (2)	$	744,284	$	106,734		$	140		$	21,860		$	873,018
Goodwill	221,634		20,661			—			—			242,295
Gross capital expenditures (3)	65,396		9,668			—			—			75,064

(1) Includes loss (gain) on disposal of assets and impairment charges.

(2) Reflects reclassification between segments.

(3) Amounts have been adjusted to be consistent with other presentations of gross capital expenditures which include acquisitions and purchase of intangible assets.

Segment Financial Data for the Year Ended January 2, 2011

(dollars and gallons in thousands)

	Retail Segment		Wholesale Segment		Intercompany Eliminations			All Other			Totals
Revenue:
Merchandise	$	806,252	$	—	$	—		$	—		$	806,252
Fuel	1,987,072		2,672,932		(1,578,653		)	—			3,081,351
Other	30,542		20,114		(10,229		)	2,600			43,027
Total revenue	2,823,866		2,693,046		(1,588,882		)	2,600			3,930,630
Gross Profit:
Merchandise, net	270,683		—		—			—			270,683
Fuel	135,611		26,018		—			—			161,629
Other	30,542		10,105		(985		)	1,128			40,790
Total gross profit	436,836		36,123		(985		)	1,128			473,102
Selling, general and administrative expenses	332,809		14,624		(985		)	9,467			355,915
Depreciation, amortization and accretion	38,191		4,664		—			1,143			43,998
Other operating expenses (1)	3,071		140		—			(18		)	3,193
Operating income (loss)	$	62,765	$	16,695	$	—		$	(9,464	)	$	69,996
Gallons	735,763		1,233,313		(739,104		)	—			1,229,972
Total assets (2)	$	775,855	$	106,791	$	—		$	31,963		$	914,609
Goodwill	219,497		20,661		—			—			240,158
Gross capital expenditures (3)	76,309		12,272		—			—			88,581

(1) Includes loss (gain) on disposal of assets and impairment charges.

(2) Reflects reclassification between segments.

(3) Amounts have been adjusted to be consistent with other presentations of gross capital expenditures which include acquisitions and purchase of intangible assets.

Segment Financial Data for the Year Ended January 1, 2012

(dollars and gallons in thousands)

	Retail Segment		Wholesale Segment		Intercompany Eliminations			All Other			Totals
Revenue:
Merchandise	$	881,911	$	—	$	—		$	—		$	881,911
Fuel	2,715,279		3,806,931		(2,257,788		)	—			4,264,422
Other	33,684		24,817		(12,483		)	1,817			47,835
Total revenue	3,630,874		3,831,748		(2,270,271		)	1,817			5,194,168
Gross Profit:
Merchandise, net	297,601		—		—			—			297,601
Fuel	182,521		31,042		—			—			213,563
Other	33,684		11,981		(1,100		)	1,257			45,822
Total gross profit	513,806		43,023		(1,100		)	1,257			556,986
Selling, general and administrative expenses	365,257		18,081		(1,100		)	11,318			393,556
Depreciation, amortization and accretion	39,973		6,197		—			1,150			47,320
Other operating expenses (1)	1,023		230		—			(33		)	1,220
Operating income (loss)	$	107,553	$	18,515	$	—		$	(11,178	)	$	114,890
Gallons	785,582		1,312,410		(789,578		)	—			1,308,414
Total assets	$	925,678	$	121,688	$	—		$	48,604		$	1,095,970
Goodwill	223,737		20,661		—			—			244,398
Gross capital expenditures (2)	120,040		18,509		—			—			138,549

(1) Includes loss (gain) on disposal of assets and impairment charges.

(2) Gross capital expenditures include acquisitions and purchase of intangible assets.