XML 31 R20.htm IDEA: XBRL DOCUMENT v3.20.2
Subsequent Events
6 Months Ended
Jun. 27, 2020
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
July 2020 Amendment to Management & Services Agreement
On July 17, 2020, NVI and Walmart Inc. (“Walmart”) entered into Amendment 4 (“Walmart Amendment”) to the Management & Services Agreement (“MSA”), to extend the current term and economics of the MSA by three years, to February 23, 2024, and provide that the MSA will automatically renew for an additional three year term unless, no later than seven months prior to the end of the term, one party gives the other party written notice of non-renewal. In addition, the Amendment deletes certain provisions that are no longer applicable and updates certain administrative provisions, including with respect to background checks, and adds an obligation for the Company to provide Walmart an annual compliance certificate regarding certain of the Company’s obligations and to provide Walmart certain inspection and audit rights. All other terms and conditions of the MSA remain in effect.