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SWY » Topics » NOTE K-GAIN ON SALE OF PROPERTY, STORE LEASE EXIT COSTS AND PROPERTY IMPAIRMENT CHARGES

This excerpt taken from the SWY 10-Q filed Oct 16, 2007.

NOTE K–GAIN ON SALE OF PROPERTY, STORE LEASE EXIT COSTS AND PROPERTY IMPAIRMENT CHARGES

Operating and administrative expense in the first 36 weeks of 2007 included $1.5 million in net property losses primarily related to $30.3 million in store lease exit costs from the previously announced closures of underperforming Dominick’s stores and $20.9 million in property impairment charges partially offset by a $46.0 million gain on the sale of a Bellevue, Washington distribution center.

 

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Table of Contents

SAFEWAY INC. AND SUBSIDIARIES

 

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
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