DOCUMENT AND ENTITY INFORMATION
DOCUMENT AND ENTITY INFORMATION - shares | 6 Months Ended | |
Jan. 28, 2017 | Mar. 08, 2017 | |
Entity Registrant Name | VILLAGE SUPER MARKET INC | |
Entity Central Index Key | 103,595 | |
Current Fiscal Year End Date | --07-29 | |
Entity Filer Category | Accelerated Filer | |
Document Type | 10-Q | |
Document Fiscal Year Focus | 2,017 | |
Document Fiscal Period Focus (Q1,Q2,Q3,FY) | Q2 | |
Amendment Flag | false | |
Entity Well-known Seasoned Issuer | No | |
Entity Voluntary Filers | No | |
Entity Current Reporting Status | Yes | |
Common Class A [Member] | ||
Entity Common Stock, Shares Outstanding | 9,867,157 | |
Common Class B [Member] | ||
Entity Common Stock, Shares Outstanding | 4,319,256 |
CONSOLIDATED CONDENSED BALANCE
CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Thousands | Jan. 28, 2017 | Jul. 30, 2016 |
Current assets | ||
Cash and cash equivalents | $ 83,107 | $ 88,379 |
Merchandise inventories | 43,431 | 42,011 |
Patronage dividend receivable | 5,278 | 13,185 |
Notes receivable from Wakefern, Current | 21,668 | 0 |
Income Taxes Receivable, Current | 6,705 | 0 |
Other current assets | 18,784 | 16,259 |
Total current assets | 178,973 | 159,834 |
Property, equipment and fixtures, net | 202,104 | 201,470 |
Notes receivable from Wakefern | 21,994 | 42,735 |
Investment in Wakefern | 27,093 | 26,467 |
Goodwill | 12,057 | 12,057 |
Other assets | 7,761 | 7,691 |
Total assets | 449,982 | 450,254 |
Current liabilities | ||
Capital and financing lease obligations | 567 | 514 |
Notes payable to Wakefern | 292 | 341 |
Accounts payable to Wakefern | 60,187 | 59,186 |
Accounts payable and accrued expenses | 15,633 | 17,240 |
Accrued wages and benefits | 15,649 | 16,313 |
Income taxes payable | 905 | 5,702 |
Total current liabilities | 93,233 | 99,296 |
Long-term Debt | ||
Capital and financing lease obligations | 42,880 | 43,184 |
Notes payable to Wakefern | 260 | 377 |
Total long-term debt | 43,140 | 43,561 |
Pension liabilities | 25,656 | 26,740 |
Other liabilities | 9,205 | 8,922 |
Commitments and contingencies | ||
Shareholders' Equity | ||
Preferred stock, no par value: Authorized 10,000 shares, none issued | 0 | 0 |
Retained earnings | 237,946 | 234,175 |
Accumulated other comprehensive loss | (12,476) | (13,339) |
Total shareholders’ equity | 278,748 | 271,735 |
Total liabilities and shareholders’ equity | 449,982 | 450,254 |
Common Class A [Member] | ||
Shareholders' Equity | ||
Common Stock | 57,129 | 55,196 |
Less treasury stock, Class A, at cost: 318 shares at January 28, 2017 and 353 shares at July 30, 2016 | (4,552) | (4,998) |
Common Class B [Member] | ||
Shareholders' Equity | ||
Common Stock | $ 701 | $ 701 |
CONSOLIDATED CONDENSED BALANCE3
CONSOLIDATED CONDENSED BALANCE SHEETS (Parenthetical) - shares | Jan. 28, 2017 | Jul. 30, 2016 |
Preferred stock shares authorized (in shares) | 10,000,000 | 10,000,000 |
Preferred stock shares issued (in shares) | 0 | 0 |
Common Class A [Member] | ||
Common stock shares authorized (in shares) | 20,000,000 | 20,000,000 |
Common stock shares issued (in shares) | 10,186,000 | 10,190,000 |
Treasury shares | 318,000 | 353,000 |
Common Class B [Member] | ||
Common stock shares authorized (in shares) | 20,000,000 | 20,000,000 |
Common stock shares issued (in shares) | 4,319,000 | 4,319,256 |
CONSOLIDATED CONDENSED STATMENT
CONSOLIDATED CONDENSED STATMENTS OF OPERATIONS - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jan. 28, 2017 | Jan. 23, 2016 | Jan. 28, 2017 | Jan. 23, 2016 | |
Sales | $ 412,215 | $ 420,170 | $ 801,907 | $ 809,699 |
Cost of sales | 300,977 | 307,444 | 586,021 | 591,487 |
Gross profit | 111,238 | 112,726 | 215,886 | 218,212 |
Operating and administrative expense | 94,393 | 95,243 | 185,524 | 186,581 |
Depreciation and amortization | 6,233 | 6,060 | 12,296 | 12,018 |
Operating income | 10,612 | 11,423 | 18,066 | 19,613 |
Interest expense | (1,114) | (1,125) | (2,230) | (2,252) |
Interest income | 648 | 565 | 1,335 | 1,128 |
Income before income taxes | 10,146 | 10,863 | 17,171 | 18,489 |
Income taxes | 4,154 | 4,579 | 7,070 | 7,775 |
Net income | $ 5,992 | $ 6,284 | $ 10,101 | $ 10,714 |
Common Class A [Member] | ||||
Net income per share: | ||||
Basic (in dollars per share) | $ 0.47 | $ 0.50 | $ 0.80 | $ 0.85 |
Diluted (in dollars per share) | 0.42 | 0.44 | 0.71 | 0.76 |
Common Class B [Member] | ||||
Net income per share: | ||||
Basic (in dollars per share) | 0.31 | 0.32 | 0.52 | 0.55 |
Diluted (in dollars per share) | $ 0.31 | $ 0.32 | $ 0.52 | $ 0.55 |
CONSOLIDATED CONDENSED STATEMEN
CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jan. 28, 2017 | Jan. 23, 2016 | Jan. 28, 2017 | Jan. 23, 2016 | |
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract] | ||||
Net income | $ 5,992 | $ 6,284 | $ 10,101 | $ 10,714 |
Other comprehensive income: | ||||
Amortization of pension actuarial loss, net of tax | 224 | 284 | 491 | 568 |
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, before Reclassification Adjustments, Net of Tax | (372) | 0 | (372) | 0 |
Comprehensive income | $ 6,588 | $ 6,568 | $ 10,964 | $ 11,282 |
CONSOLIDATED CONDENSED STATEME6
CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parentheticals) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jan. 28, 2017 | Jan. 23, 2016 | Jan. 28, 2017 | Jan. 23, 2016 | |
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract] | ||||
Tax of amortization of pension actuarial loss | $ (154) | $ (198) | $ (264) | $ (396) |
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, before Reclassification Adjustments, Tax | $ (257) |
CONSOLIDATED CONDENSED STATEME7
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands | 6 Months Ended | |
Jan. 28, 2017 | Jan. 23, 2016 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net income | $ 10,101 | $ 10,714 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation and amortization | 12,296 | 12,018 |
Non-cash share-based compensation | 1,484 | 1,537 |
Deferred taxes | (90) | (415) |
Provision to value inventories at LIFO | 0 | 200 |
Changes in assets and liabilities: | ||
Merchandise inventories | (1,420) | 2,193 |
Patronage dividend receivable | 7,907 | 7,850 |
Accounts payable to Wakefern | 1,001 | 4,190 |
Accounts payable and accrued expenses | (1,712) | (122) |
Accrued wages and benefits | (664) | (777) |
Income taxes payable/receivable | (11,502) | 2,097 |
Other assets and liabilities | (2,255) | (744) |
Net cash provided by operating activities | 15,146 | 38,741 |
CASH FLOWS FROM INVESTING ACTIVITIES | ||
Capital expenditures | (13,013) | (10,558) |
Proceeds from Sale of Property, Plant, and Equipment | 0 | 900 |
Investment in notes receivable from Wakefern | (927) | (422) |
Net cash used in investing activities | (13,940) | (10,080) |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Proceeds from exercise of stock options | 812 | 51 |
Excess tax benefit related to share-based compensation | 83 | 0 |
Principal payments of long-term debt | (1,043) | (1,166) |
Dividends | (6,330) | (6,328) |
Payments for Repurchase of Common Stock | $ 0 | (490) |
Document Period End Date | Jan. 28, 2017 | |
Net cash used in financing activities | $ (6,478) | (7,933) |
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS | (5,272) | 20,728 |
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 88,379 | 59,040 |
CASH AND CASH EQUIVALENTS, END OF PERIOD | 83,107 | 79,768 |
SUPPLEMENTAL DISCLOSURES OF CASH PAYMENTS MADE FOR: | ||
Interest | 2,230 | 2,252 |
Income taxes | $ 18,559 | $ 6,092 |
BASIS OF PRESENTATION and ACCOU
BASIS OF PRESENTATION and ACCOUNTING POLICIES | 6 Months Ended |
Jan. 28, 2017 | |
Accounting Policies [Abstract] | |
BASIS OF PRESENTATION and ACCOUNTING POLICIES | BASIS OF PRESENTATION and ACCOUNTING POLICIES In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments (consisting of normal and recurring accruals) necessary to present fairly the consolidated financial position as of January 28, 2017 and the consolidated statements of operations, comprehensive income and cash flows for the 13 and 26 week periods ended January 28, 2017 and January 23, 2016 of Village Super Market, Inc. (“Village” or the “Company”). The significant accounting policies followed by the Company are set forth in Note 1 to the Company's consolidated financial statements in the July 30, 2016 Village Super Market, Inc. Annual Report on Form 10-K, which should be read in conjunction with these financial statements. The results of operations for the periods ended January 28, 2017 are not necessarily indicative of the results to be expected for the full year. |
MERCHANDISE INVENTORIES
MERCHANDISE INVENTORIES | 6 Months Ended |
Jan. 28, 2017 | |
Inventory Disclosure [Abstract] | |
MERCHANDISE INVENTORIES | MERCHANDISE INVENTORIES At both January 28, 2017 and July 30, 2016 , approximately 64% of merchandise inventories are valued by the LIFO method while the balance is valued by FIFO. If the FIFO method had been used for the entire inventory, inventories would have been $14,522 higher than reported at both January 28, 2017 and July 30, 2016 . |
NET INCOME (LOSS) PER SHARE
NET INCOME (LOSS) PER SHARE | 6 Months Ended |
Jan. 28, 2017 | |
Earnings Per Share [Abstract] | |
NET INCOME (LOSS) PER SHARE | NET INCOME PER SHARE The Company has two classes of common stock. Class A common stock is entitled to cash dividends as declared 54% greater than those paid on Class B common stock. Shares of Class B common stock are convertible on a share-for-share basis for Class A common stock at any time. The Company utilizes the two-class method of computing and presenting net income per share. The two-class method is an earnings allocation formula that calculates basic and diluted net income per share for each class of common stock separately based on dividends declared and participation rights in undistributed earnings. Under the two-class method, Class A common stock is assumed to receive a 54% greater participation in undistributed earnings than Class B common stock, in accordance with the classes' respective dividend rights. Unvested share-based payment awards that contain nonforfeitable rights to dividends are treated as participating securities and therefore included in computing net income per share using the two-class method. Diluted net income per share for Class A common stock is calculated utilizing the if-converted method, which assumes the conversion of all shares of Class B common stock to Class A common stock on a share-for-share basis, as this method is more dilutive than the two-class method. Diluted net income per share for Class B common stock does not assume conversion of Class B common stock to shares of Class A common stock. The tables below reconcile the numerators and denominators of basic and diluted net income per share for all periods presented. 13 Weeks Ended 26 Weeks Ended January 28, 2017 January 28, 2017 Class A Class B Class A Class B Numerator: Net income allocated, basic $ 4,548 $ 1,327 $ 7,664 $ 2,239 Conversion of Class B to Class A shares 1,327 — 2,239 — Effect of share-based compensation on allocated net income 6 (3 ) 8 (3 ) Net income allocated, diluted $ 5,881 $ 1,324 $ 9,911 $ 2,236 Denominator: Weighted average shares outstanding, basic 9,613 4,319 9,603 4,319 Conversion of Class B to Class A shares 4,319 — 4,319 — Dilutive effect of share-based compensation 52 — 50 — Weighted average shares outstanding, diluted 13,984 4,319 13,972 4,319 13 Weeks Ended 26 Weeks Ended January 23, 2016 January 23, 2016 Class A Class B Class A Class B Numerator: Net income allocated, basic $ 4,755 $ 1,395 $ 8,108 $ 2,379 Conversion of Class B to Class A shares 1,395 — 2,379 — Effect of share-based compensation on allocated net income — — — — Net income allocated, diluted $ 6,150 $ 1,395 $ 10,487 $ 2,379 Denominator: Weighted average shares outstanding, basic 9,561 4,319 9,569 4,319 Conversion of Class B to Class A shares 4,319 — 4,319 — Dilutive effect of share-based compensation — — — — Weighted average shares outstanding, diluted 13,880 4,319 13,888 4,319 Outstanding stock options to purchase Class A shares of 52 and 477 were excluded from the calculation of diluted net income per share at January 28, 2017 and January 23, 2016 , respectively, as a result of their anti-dilutive effect. In addition, 246 and 269 non-vested restricted Class A shares, which are considered participating securities, and their allocated net income were excluded from the diluted net income per share calculation at January 28, 2017 and January 23, 2016 , respectively, due to their anti-dilutive effect. |
PENSION PLANS
PENSION PLANS - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended |
Jan. 28, 2017 | Jul. 30, 2016 | |
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract] | ||
PENSION PLANS | PENSION PLANS The Company sponsors four defined benefit pension plans. Net periodic pension cost for the four plans includes the following components: 13 Weeks Ended 26 Weeks Ended January 28, January 23, January 28, January 23, Service cost $ 116 $ 1,104 $ 255 $ 2,208 Interest cost on projected benefit obligations 604 827 1,209 1,654 Expected return on plan assets (973 ) (940 ) (1,946 ) (1,880 ) Amortization of net losses 378 482 755 964 Net periodic pension cost $ 125 $ 1,473 $ 273 $ 2,946 On November 29, 2016, the Company amended the Village Super Market Local 72 Retail Clerks Employees’ Retirement Plan, which covers union employees in the Stroudsburg store, to freeze all benefits effective January 31, 2017. As a result of this amendment, the Company recognized a pre-tax remeasurement gain totaling $629 in accumulated other comprehensive loss during the second quarter of fiscal 2017. The remeasurement had no impact on the consolidated statements of operations. Assumptions used in the remeasurement include a discount rate of 4.09% and long-term expected rate of return on plan assets of 7.50% . On February 15, 2016, the Company amended the Village Super Market Employees Retirement Plan, which covers nonunion employees and pharmacists, to freeze all benefits effective March 31, 2016. As a result of this amendment, the Company recognized a pre-tax curtailment gain totaling $ 17,904 in accumulated other comprehensive loss during fiscal 2016. As of January 28, 2017 , the Company has not made contributions to its pension plans in fiscal 2017 . The Company expects to contribute approximately $3,000 during fiscal 2017 to fund its pension plans. | |
Defined Benefit Plan, Curtailments | $ 17,904 |
RELATED PARTY INFORMATION - WAK
RELATED PARTY INFORMATION - WAKEFERN | 6 Months Ended |
Jan. 28, 2017 | |
Related Party Transactions [Abstract] | |
RELATED PARTY INFORMATION - WAKEFERN | RELATED PARTY INFORMATION - WAKEFERN A description of the Company’s transactions with Wakefern, its principal supplier, and with other related parties is included in the Company’s Annual Report on Form 10-K for the year ended July 30, 2016 . There have been no significant changes in the Company’s relationships or nature of transactions with related parties during the first 26 weeks of fiscal 2017 except for an additional required investment in Wakefern common stock of $626 . Included in cash and cash equivalents at January 28, 2017 and July 30, 2016 are $58,628 and $63,609 , respectively, of demand deposits invested at Wakefern at overnight money market rates. |
COMMITMENTS and CONTINGENCIES
COMMITMENTS and CONTINGENCIES | 6 Months Ended |
Jan. 28, 2017 | |
Commitments and Contingencies Disclosure [Abstract] | |
COMMITMENTS and CONTINGENCIES | COMMITMENTS and CONTINGENCIES The Company is involved in other litigation incidental to the normal course of business. Company management is of the opinion that the ultimate resolution of these legal proceedings should not have a material adverse effect on the consolidated financial position, results of operations or liquidity of the Company. |
NET INCOME (LOSS) PER SHARE - S
NET INCOME (LOSS) PER SHARE - Schedule of Earnings Per Share, Basic and Diluted (Tables) | 6 Months Ended |
Jan. 28, 2017 | |
Earnings Per Share [Abstract] | |
Schedule of Earnings Per Share, Basic and Diluted | The tables below reconcile the numerators and denominators of basic and diluted net income per share for all periods presented. 13 Weeks Ended 26 Weeks Ended January 28, 2017 January 28, 2017 Class A Class B Class A Class B Numerator: Net income allocated, basic $ 4,548 $ 1,327 $ 7,664 $ 2,239 Conversion of Class B to Class A shares 1,327 — 2,239 — Effect of share-based compensation on allocated net income 6 (3 ) 8 (3 ) Net income allocated, diluted $ 5,881 $ 1,324 $ 9,911 $ 2,236 Denominator: Weighted average shares outstanding, basic 9,613 4,319 9,603 4,319 Conversion of Class B to Class A shares 4,319 — 4,319 — Dilutive effect of share-based compensation 52 — 50 — Weighted average shares outstanding, diluted 13,984 4,319 13,972 4,319 13 Weeks Ended 26 Weeks Ended January 23, 2016 January 23, 2016 Class A Class B Class A Class B Numerator: Net income allocated, basic $ 4,755 $ 1,395 $ 8,108 $ 2,379 Conversion of Class B to Class A shares 1,395 — 2,379 — Effect of share-based compensation on allocated net income — — — — Net income allocated, diluted $ 6,150 $ 1,395 $ 10,487 $ 2,379 Denominator: Weighted average shares outstanding, basic 9,561 4,319 9,569 4,319 Conversion of Class B to Class A shares 4,319 — 4,319 — Dilutive effect of share-based compensation — — — — Weighted average shares outstanding, diluted 13,880 4,319 13,888 4,319 |
PENSION PLANS - Schedule of Net
PENSION PLANS - Schedule of Net Benefit Costs (Tables) | 6 Months Ended |
Jan. 28, 2017 | |
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract] | |
Schedule of Net Benefit Costs | Net periodic pension cost for the four plans includes the following components: 13 Weeks Ended 26 Weeks Ended January 28, January 23, January 28, January 23, Service cost $ 116 $ 1,104 $ 255 $ 2,208 Interest cost on projected benefit obligations 604 827 1,209 1,654 Expected return on plan assets (973 ) (940 ) (1,946 ) (1,880 ) Amortization of net losses 378 482 755 964 Net periodic pension cost $ 125 $ 1,473 $ 273 $ 2,946 |
MERCHANDISE INVENTORIES (Detail
MERCHANDISE INVENTORIES (Details) - USD ($) $ in Thousands | Jan. 28, 2017 | Jul. 30, 2016 |
Inventory Disclosure [Abstract] | ||
Percentage of LIFO Inventory | 64.00% | 64.00% |
Inventory, LIFO Reserve | $ 14,522 |
NET INCOME (LOSS) PER SHARE - A
NET INCOME (LOSS) PER SHARE - Additional Information (Details) shares in Thousands | 6 Months Ended | |
Jan. 28, 2017class_common_stockshares | Jan. 23, 2016shares | |
Earnings Per Share [Abstract] | ||
Number of common stock classes | class_common_stock | 2 | |
Common stock cash dividends, percent Class A is entitled greater than Class B | 54.00% | |
Conversion of stock, conversion ratio | 1 | |
Restricted Stock Units (RSUs) [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Class A shares excluded from computation of earnings per share | 246 | 269 |
Common Class A [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Class A shares excluded from computation of earnings per share | 52 | 477 |
NET INCOME (LOSS) PER SHARE -18
NET INCOME (LOSS) PER SHARE - Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jan. 28, 2017 | Jan. 23, 2016 | Jan. 28, 2017 | Jan. 23, 2016 | |
Common Class A [Member] | ||||
Numerator: | ||||
Net income allocated, basic | $ 4,548 | $ 4,755 | $ 7,664 | $ 8,108 |
Conversion of Class B to Class A shares | 1,327 | 1,395 | 2,239 | 2,379 |
Effect of share-based compensation on allocated net income | 6 | 0 | 8 | 0 |
Net income allocated, diluted | $ 5,881 | $ 6,150 | $ 9,911 | $ 10,487 |
Denominator: | ||||
Weighted average shares outstanding, basic (in shares) | 9,613 | 9,561 | 9,603 | 9,569 |
Conversion of Class B to Class A shares (in shares) | 4,319 | 4,319 | 4,319 | 4,319 |
Dilutive effect of share-based compensation (in shares) | 52 | 0 | 50 | 0 |
Weighted average shares outstanding, diluted (in shares) | 13,984 | 13,880 | 13,972 | 13,888 |
Common Class B [Member] | ||||
Numerator: | ||||
Net income allocated, basic | $ 1,327 | $ 1,395 | $ 2,239 | $ 2,379 |
Conversion of Class B to Class A shares | 0 | 0 | 0 | 0 |
Effect of share-based compensation on allocated net income | (3) | 0 | (3) | 0 |
Net income allocated, diluted | $ 1,324 | $ 1,395 | $ 2,236 | $ 2,379 |
Denominator: | ||||
Weighted average shares outstanding, basic (in shares) | 4,319 | 4,319 | 4,319 | 4,319 |
Conversion of Class B to Class A shares (in shares) | 0 | 0 | 0 | 0 |
Dilutive effect of share-based compensation (in shares) | 0 | 0 | 0 | 0 |
Weighted average shares outstanding, diluted (in shares) | 4,319 | 4,319 | 4,319 | 4,319 |
PENSION PLANS - Schedule of N19
PENSION PLANS - Schedule of Net Benefit Costs (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jan. 28, 2017 | Jan. 23, 2016 | Jan. 28, 2017 | Jan. 23, 2016 | |
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ||||
Service cost | $ 116 | $ 1,104 | $ 255 | $ 2,208 |
Interest cost on projected benefit obligations | 604 | 827 | 1,209 | 1,654 |
Expected return on plan assets | (973) | (940) | (1,946) | (1,880) |
Amortization of net losses | 378 | 482 | 755 | 964 |
Net periodic pension cost | $ 125 | $ 1,473 | $ 273 | $ 2,946 |
PENSION PLANS - Additional Info
PENSION PLANS - Additional Information (Details) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | |
Jan. 28, 2017USD ($) | Jan. 28, 2017pension_plan | Jul. 29, 2017USD ($) | Nov. 29, 2016 | |
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract] | ||||
Defined Benefit Plan, Actuarial Gain (Loss) | $ (629) | |||
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate | 4.09% | |||
Estimated future employer contributions in current fiscal year | $ 3,000 | |||
Number of defined benefit pension plans | pension_plan | 4 | |||
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Return on Assets | 7.50% |
RELATED PARTY INFORMATION - W21
RELATED PARTY INFORMATION - WAKEFERN (Details) - Investee [Member] - USD ($) $ in Thousands | 6 Months Ended | |
Jan. 28, 2017 | Jul. 30, 2016 | |
Related Party Transaction [Line Items] | ||
Additional investment | $ 626 | |
Demand deposits at Wakefern | $ 58,628 | $ 63,609 |