XML 29 R19.htm IDEA: XBRL DOCUMENT v3.10.0.1
SUBSEQUENT EVENT
9 Months Ended
Nov. 03, 2018
Subsequent Events [Abstract]  
SUBSEQUENT EVENT

NOTE 13: SUBSEQUENT EVENT

 

As described in Note 2, the Company entered into the Amended WBA Asset Purchase Agreement with Walgreen Co., an Illinois corporation, to sell certain prescription files and related data and records, retail pharmaceutical inventory, and certain other assets from 179 of the Company’s 346 retail pharmacy stores (such assets collectively referred to as “Retail Pharmacy”). The Company intends to transfer ownership of the Retail Pharmacy assets to Buyer in a series of ongoing closings, with the goal of completing the asset transfers in the first month of calendar year 2019. As of December 12, 2018, the Company had transferred to Walgreen Co. assets from 138 stores and had received cash proceeds of approximately $152.5 million for such assets, subject to $11.2 million in adjustments for the final inventory valuation as described in the Amended WBA Asset Purchase Agreement. The remaining transfers of such assets remain subject to certain customary closing conditions as specified in the Amended WBA Asset Purchase Agreement.