Asset Sale to WBA (Tables)

12 Months Ended

Mar. 04, 2023

Asset Sale to WBA

Schedule of assets and operating results of discontinued operations

The operating results of the discontinued operations that are reflected on the consolidated statements of operations within net income from discontinued operations are as follows:

	March 4,		February 26,		February 27,
	2023		2022		2021
	(53 weeks)		(52 weeks)		(52 weeks)
Revenues	$	—	$	—	$	174
Costs and expenses:
Cost of revenues(a)		—		—		8
Selling, general and administrative expenses(a)		—		—		871
Interest expense(b)		—		—		—
Gain on sale of assets, net		—		—		(14,149)
		—		—		(13,270)
Income from discontinued operations before income taxes		—		—		13,444
Income tax expense		—		—		4,283
Net income from discontinued operations, net of tax	$	—	$	—	$	9,161

(a) Cost of revenues and selling, general and administrative expenses for the discontinued operations excludes corporate overhead. These charges are reflected in continuing operations.

(b) In accordance with ASC 205-20, the operating results for the fifty-two week period ended February 27, 2021, for the discontinued operations include interest expense relating to the outstanding indebtedness repaid with the estimated excess proceeds from the Sale.