Revenue

4 Months Ended

Apr. 23, 2022

Revenue From Contract With Customer [Abstract]

Revenue

Note 3 – Revenue

Disaggregation of Revenue

The following table provides information about disaggregated revenue by type of products and customers for each of the Company’s reportable segments:

	16 Weeks Ended April 23, 2022
(In thousands)	Food Distribution		Retail		Military		Total
Type of products:
Center store (a)	$	473,364	$	295,056	$	294,289	$	1,062,709
Fresh (b)		446,953		299,879		181,101		927,933
Non-food (c)		420,735		131,431		132,404		684,570
Fuel		—		54,591		—		54,591
Other		29,805		322		3,728		33,855
Total	$	1,370,857	$	781,279	$	611,522	$	2,763,658
Type of customers:
Individuals	$	—	$	780,959	$	—	$	780,959
Manufacturers, brokers and distributors		20,425		—		564,731		585,156
Retailers		1,338,852		—		43,063		1,381,915
Other		11,580		320		3,728		15,628
Total	$	1,370,857	$	781,279	$	611,522	$	2,763,658
	16 Weeks Ended April 24, 2021
(In thousands)	Food Distribution		Retail		Military		Total
Type of products:
Center store (a)	$	451,777	$	288,718	$	282,062	$	1,022,557
Fresh (b)		447,208		283,035		169,692		899,935
Non-food (c)		402,695		128,136		129,057		659,888
Fuel		—		39,181		—		39,181
Other		32,402		374		3,462		36,238
Total	$	1,334,082	$	739,444	$	584,273	$	2,657,799
Type of customers:
Individuals	$	—	$	739,293	$	—	$	739,293
Manufacturers, brokers and distributors		18,212		—		544,384		562,596
Retailers		1,300,960		—		36,427		1,337,387
Other		14,910		151		3,462		18,523
Total	$	1,334,082	$	739,444	$	584,273	$	2,657,799
(a) Center store includes dry grocery, frozen and beverages.
(b) Fresh includes produce, meat, dairy, deli, bakery, prepared proteins, seafood and floral.
(c) Non-food includes general merchandise, health and beauty care, tobacco products and pharmacy.

Contract Assets and Liabilities

Under its contracts with customers, the Company stands ready to deliver product upon receipt of a purchase order. Accordingly, the Company has no performance obligations under its contracts until its customers submit a purchase order. The Company does not receive pre-payment from its customers or enter into commitments to provide goods or services that have terms greater than one year. As the performance obligation is part of a contract that has an original expected duration of less than one year, the Company has applied the practical expedient under ASC 606, Revenue from Contracts with Customers, to omit disclosures regarding remaining performance obligations.

Revenue recognized from performance obligations related to prior periods (for example, due to changes in estimated rebates and incentives impacting the transaction price) was not material in any period presented.

For volume-based arrangements, the Company estimates the amount of the advanced funds earned by the retailers based on the expected volume of purchases by the retailer and amortizes the advances as a reduction of the transaction price and revenue earned. These advances are not considered contract assets under ASC 606 as they are not generated through the transfer of goods or services to the retailers. These advances are included in Other assets, net within the condensed consolidated balance sheets.

When the Company transfers goods or services to a customer, payment is due subject to normal terms and is not conditional on anything other than the passage of time. Typical payment terms range from due upon receipt to 30 days, depending on the customer. At contract inception, the Company expects that the period of time between the transfer of goods to the customer and when the customer pays for those goods will be less than one year, which is consistent with the Company’s standard payment terms. Accordingly, the Company has elected the practical expedient to not adjust for the effects of a significant financing component. As a result, these amounts are recorded as receivables and not contract assets. The Company had no contract assets for any period presented.

The Company does not typically incur incremental costs of obtaining a contract that are contingent upon successful contract execution and would therefore be capitalized.

Allowance for Credit Losses

Changes to the balance of the allowance for credit losses were as follows:

	Allowance for Credit Losses
	Current Accounts			Long-term
(In thousands)	and Notes Receivable			Notes Receivable		Total
Balance at January 1, 2022	$	4,414		$	731	$	5,145
Changes in credit loss estimates		330			—		330
Write-offs charged against the allowance		(91	)		—		(91	)
Balance at April 23, 2022	$	4,653		$	731	$	5,384

	Allowance for Credit Losses
	Current Accounts			Long-term
(In thousands)	and Notes Receivable			Notes Receivable		Total
Balance at January 2, 2021	$	6,232		$	371	$	6,603
Changes in credit loss estimates		(78	)		—		(78	)
Write-offs charged against the allowance		(281	)		—		(281	)
Balance at April 24, 2021	$	5,873		$	371	$	6,244