Sprouts Farmers Market 2013 Annual Report Download - page 110

Download and view the complete annual report

Please find page 110 of the 2013 Sprouts Farmers Market annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 148

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148

Table of Contents
interest expense resulting from changes in consolidated debt, as if the Henry’s Transaction occurred at the beginning of 2010 and
the Sunflower Transaction occurred at the beginning of 2011:
The unaudited supplemental pro forma consolidated results of operations information is provided for illustrative purposes only
and does not purport to present what the actual results of operations would have been had the Henry’s Transaction and Sunflower
Transaction actually occurred on the dates indicated, nor does it purport to represent results of operations for any future period.
The unaudited supplemental pro forma information includes certain non-recurring costs incurred as a result of the Transactions,
such as acquisition-related costs and expenses due to change in control and Sprouts Arizona manager termination fees. The
information does not reflect any cost savings or other benefits that may be obtained through synergies among the operations of the
Company, except to the extent realized in 2012 and 2011.
5. Accounts Receivable
A summary of accounts receivable is as follows:
Medical insurance receivables relate to amounts receivable from the Company’s health insurance carrier for claims in excess
of stop-loss limits. See Note 15, “Self-Insurance Programs” for more information.
As of December 29, 2013 and December 30, 2012, the Company had recorded an allowance of $0.3 million and $0.3 million,
respectively, for certain receivables.
Other receivables relate primarily to payments receivable from landlords for lease incentives.
6. Prepaid Expenses and Other Current Assets
A summary of prepaid expenses and other current assets is as follows:
105
Year Ended
December 30,
2012
January 1,
2012
Net sales
$
1,990,963
$
1,722,655
Net income (loss)
$
20,672
$
(54,112
)
As Of
December 29,
2013
December 30,
2012
Vendor
$
5,183
$
5,602
Medical insurance receivable
1,089
1,287
Other
3,252
1,526
Total
$
9,524
$
8,415
As Of
December 29,
2013
December 30,
2012
Prepaid expenses
$
6,209
$
2,460
Other current assets
1,840
2,061
Total
$
8,049
$
4,521