XML 47 R32.htm IDEA: XBRL DOCUMENT v3.10.0.1
Business Acquisitions Proforma (Tables)
 6 Months Ended
Sep. 08, 2018
Business Combinations [Abstract]  
Schedule of Business Acquisitions, by Acquisition
The table immediately below summarizes the preliminary fair values assigned to AG Florida’s acquired net assets. As of September 8, 2018, the fair value allocation of the acquisition was preliminary and will be finalized when the valuation is completed. There can be no assurance that such finalization will not result in material changes from the preliminary purchase price allocation. Our estimates and assumptions are subject to change during the measurement period (up to one year from the acquisition date), as we finalize the valuations of certain tangible and intangible assets acquired and liabilities assumed in connection with the acquisition. The primary areas of the purchase price allocations that are not yet finalized relate to income taxes and deferred taxes.
 
As Originally Reported
 
As
Revised
Cash and cash equivalents
$
1

 
$
1

Accounts receivable
49

 
49

Inventories
48

 
48

Other current assets
4

 
4

Property, plant and equipment
84

 
94

Goodwill
44

 
39

Intangible assets
52

 
48

Deferred tax assets
(28
)
 
(29
)
Other assets
4

 
4

Accounts payable
(53
)
 
(53
)
Other current liabilities
(13
)
 
(13
)
Long-term debt and capital lease obligations
(60
)
 
(60
)
Other liabilities assumed
(1
)
 
(1
)
Total fair value of net assets acquired
131

 
131

Assumed obligations to make patronage payments to member-owners
5

 
5

Less cash acquired
(1
)
 
(1
)
Total consideration for acquisition, less cash acquired
$
135

 
$
135
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination
As of September 8, 2018, we recognized the following finite-lived intangible assets of AG Florida:
 
Estimated Useful Life (in years)
 
Amounts Acquired
Customer relationships and supply agreements
15 years
 
$
43

Favorable operating leases
2-5 years
 
5

Total AG Florida finite-lived intangibles acquired
 
 
$
48
Business Acquisition, Pro Forma Information
 
Second Quarter Ended
 
Year-To-Date Ended
 
September 9, 2017 
 (12 weeks)(1)
 
September 9, 2017 
 (28 weeks)(1)
Net sales
$
3,663

 
$
8,532

Net earnings from continuing operations attributable to SUPERVALU INC.
$
—

 
$
5

Basic net (loss) earnings from continuing operations per share attributable to SUPERVALU INC.
$
(0.01
)
 
$
0.13

Diluted net (loss) earnings from continuing operations per share attributable to SUPERVALU INC.
$
(0.01
)
 
$
0.13

(1)
The unaudited pro forma financial information