Note 11

3 Months Ended

Mar. 24, 2012

Intangible Assets Disclosure [Text Block]

Note 11

Our three reporting units, which are also reportable segments, are Food Service, Retail Supermarkets and Frozen Beverages.

The carrying amounts of acquired intangible assets for the Food Service, Retail Supermarkets and Frozen Beverage segments as of March 24, 2012 and September 24, 2011 are as follows:

	March 24, 2012				September 24,2011
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
	(in thousands)
FOOD SERVICE
Indefinite lived intangible assets
Trade Names	$	12,880	$	-	$	12,880	$	-

Amortized intangible assets
Non compete agreements		470		448		470		425
Customer relationships		40,024		20,783		40,024		18,993
License and rights		3,606		2,472		3,606		2,425
	$	56,980	$	23,703	$	56,980	$	21,843

RETAIL SUPERMARKETS
Indefinite lived intangible assets
Trade Names	$	3,880	$	-	$	3,380	$	-

Amortized Intangible Assets
Customer relationships		207		18		207		8
	$	4,087	$	18	$	3,587	$	8


FROZEN BEVERAGES
Indefinite lived intangible assets
Trade Names	$	9,315	$	-	$	9,315	$	-

Amortized intangible assets
Non compete agreements		198		198		198		189
Customer relationships		6,478		3,872		6,478		3,540
Licenses and rights		1,601		609		1,601		574
	$	17,592	$	4,679	$	17,592	$	4,303

CONSOLIDATED	$	78,659	$	28,400	$	78,159	$	26,154

Amortized intangible assets are being amortized by the straight-line method over periods ranging from 3 to 20 years and amortization expense is reflected throughout operating expenses. Intangible assets of $500,000 were acquired in the retail supermarkets segments in the six months ended March 24, 2012. Aggregate amortization expense of intangible assets for the three months ended March 24, 2012 and March 26, 2011 was $1,114,000 and $1,256,000, respectively and for the six months ended March 24, 2012 and March 26, 2011 was $2,246,000 and $2,549,000, respectively.

Estimated amortization expense for the next five fiscal years is approximately $4,500,000 in 2012, $4,400,000 in 2013 and 2014, $4,300,000 in 2015 and $4,100,000 in 2016. The weighted average amortization period of the intangible assets is 10.1 years.

Goodwill

The carrying amounts of goodwill for the Food Service, Retail Supermarket and Frozen Beverage segments are as follows:

	Food Service		Retail Supermarket		Frozen Beverages		Total
	(in thousands)
Balance at March 24, 2012	$	34,130	$	-	$	35,940	$	70,070

There were no changes in the carrying amounts of goodwill for the three months ended March 24, 2012.

- Definition

The entire disclosure for all or part of the information related to intangible assets.

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