Nash Finch (NAFC) 8-K/A Results of Operations and Financial Condition

Exhibit 99.1

Derivation of Consolidated EBITDA (in thousands)

FY 2009

	2009			2009			2009			2009			Rolling
	Qtr 1			Qtr 2			Qtr 3			Qtr 4			4 Qtrs
Earnings before income taxes	$	17,526			16,114			31,655			(41,545	)		23,750
Add/(deduct)
LIFO		—			(287	)		(445	)		(2,301	)		(3,033	)
Depreciation and amortization		9,335			9,372			12,592			9,304			40,603
Interest expense		5,304			5,840			7,621			5,607			24,372
Special Charge		—			—			—			6,020			6,020
Goodwill impairment		—			—			—			50,927			50,927
Gain on the acquistion of a business		(6,682	)		—			—			—			(6,682	)
Gain on litigation settlement		—			—			(7,630	)		—			(7,630	)
Closed store lease costs		1,066			—			425			1,644			3,135
Asset Impairment		—			898			840			722			2,460
Stock Compensation		3,307			2,408			1,706			1,663			9,084
Gains on sale of real estate		—			—			(54	)		—			(54	)
Subsequent cash payments on non-cash charges		(617	)		(714	)		(712	)		(772	)		(2,815	)
Total Consolidated EBITDA	$	29,239			33,631			45,998			31,269			140,137

FY 2008

	2008			2008			2008			2008			Rolling
	Qtr 1			Qtr 2			Qtr 3			Qtr 4			4 Qtrs
Earnings (loss) before income taxes	$	16,281			13,838			13,029			10,643			53,791
Add/(deduct)
LIFO		1,134			2,397			8,360			7,849			19,740
Depreciation and amortization		9,032			8,703			11,643			9,051			38,429
Interest expense		6,117			6,759			7,556			6,034			26,466
Closed store lease costs		(2,094	)		99			480			(317	)		(1,832	)
Asset Impairment		395			401			694			1,065			2,555
Stock Compensation		1,943			2,022			3,013			1,814			8,792
Subsequent cash payments on non-cash charges		(2,184	)		(612	)		(787	)		(635	)		(4,218	)
Total Consolidated EBITDA	$	30,624			33,607			43,988			35,504			143,723

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