Reserves for Closed Properties

4 Months Ended

Jun. 16, 2012

Restructuring and Related Activities [Abstract]

RESERVES FOR CLOSED PROPERTIES

NOTE 3 — RESERVES FOR CLOSED PROPERTIES

The Company maintains reserves for costs associated with closures of retail stores, distribution centers and other properties that are no longer being utilized in current operations. The Company provides for closed property operating lease liabilities using a discount rate to calculate the present value of the remaining noncancellable lease payments after the closing date, reduced by estimated subtenant rentals that could be reasonably obtained for the property. Adjustments to closed property reserves primarily relate to changes in subtenant income or actual exit costs differing from original estimates.

Changes in the Company’s reserves for closed properties consisted of the following:

	June 16,     2012
Reserves for closed properties at beginning of fiscal year	$	141
Additions		3
Payments		(13	)
Adjustments		—
Reserves for closed properties at end of period	$	131