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SUBSEQUENT EVENT
6 Months Ended
Aug. 16, 2014
SUBSEQUENT EVENT  
SUBSEQUENT EVENT

13.  SUBSEQUENT EVENT

 

On August 18, 2014, the Company acquired all of the outstanding common stock of Vitacost.com, Inc. (“Vitacost.com”) for $8.00 per share in cash or approximately $280 in total.  Vitacost.com is a leading online retailer of health and wellness products, which are sold directly to consumers through the website vitacost.com.  This merger affords the Company access to Vitacost.com’s extensive e-commerce platform, which can be combined with the Company’s customer insights and loyal customer base, to create new levels of personalization and convenience for customers.  Vitacost.com’s annual revenue, for the year ended December 31, 2013, was approximately $383 with a net loss of approximately $(14).  The merger will be accounted for under the purchase method of accounting and was financed through the issuance of commercial paper.