Nash Finch for Mba

NASH FINCH COMPANY AND SUBSIDIARIES Consolidated Statements of Income (In thousands, except per share amounts)

Fiscal years ended December 31, 2011, 1, 2011 and January 2, 2010 Sales Cost of sales Gross profit Other costs and expenses: Selling, general and administrative Special charges Gain on acquisition of a business Gain on litigation settlement Goodwill impairment Depreciation and amortization Interest expense Total other costs and expenses Earnings before income taxes Income tax expense Net earnings Net earnings per share: Basic Diluted Declared dividends per common share

January 2011 $ 4,807,215 4,427,189 380,026 2010 $ 4,991,979 4,591,191 400,788 2009 $ 5,212,655 4,793,967 418,688

261,000 35,704 24,894 321,598 58,428 22,623 $ 35,805 $

269,140 36,119 23,403 328,662 72,126 21,185 50,941 $

287,328 6,020 (6,682) (7,630) 50,927 40,603 24,372 394,938 23,750 20,972 2,778

$

2.80 2.74 0.72

$

3.97 3.86 0.72

$

0.21 0.21 0.72

$

$

$

Weighted average number of common shares outstanding and common equivalent shares outstanding:

Basic Diluted 12,808 13,068 12,819 13,186 13,007 13,378

See accompanying notes to consolidated financial statements.

NASH FINCH COMPANY AND SUBSIDIARIES Consolidated Balance Sheets (In thousands, except per share amounts)

44

Assets Current Assets: Cash Accounts and notes receivable, net Inventories Prepaid expenses and other Deferred tax assets Total current assets Notes receivable, net Property, plant and equipment: Property, plant and equipment Less accumulated depreciation and amortization Net property, plant and equipment Goodwill Customer contracts & relationships, net Investment in direct financing leases Other assets Total assets Liabilities and Stockholders' Equity Current liabilities: Current maturities of long-term debt and capitalized lease obligations Accounts payable Accrued expenses Total current liabilities Long-term debt Capital lease obligations Deferred tax liability, net...