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Note O - Segment Reporting
 12 Months Ended
Sep. 26, 2015
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]

NOTE O – SEGMENT REPORTING


We principally sell our products to the food service and retail supermarket industries. Sales and results of our frozen beverages business are monitored separately from the balance of our food service business because of different distribution and capital requirements. We maintain separate and discrete financial information for the three operating segments mentioned above which is available to our Chief Operating Decision Makers. We have applied no aggregate criteria to any of these operating segments in order to determine reportable segments. Our three reportable segments are Food Service, Retail Supermarkets and Frozen Beverages. All inter-segment net sales and expenses have been eliminated in computing net sales and operating income. These segments are described below.


Food Service


The primary products sold by the food service segment are soft pretzels, frozen juice treats and desserts, churros, dough enrobed handheld products and baked goods. Our customers in the food service segment include snack bars and food stands in chain, department and discount stores; malls and shopping centers; casual dining restaurants; fast food outlets; stadiums and sports arenas; leisure and theme parks; convenience stores; movie theatres; warehouse club stores; schools, colleges and other institutions. Within the food service industry, our products are purchased by the consumer primarily for consumption at the point-of-sale.


Retail Supermarkets


The primary products sold to the retail supermarket channel are soft pretzel products – including SUPERPRETZEL, frozen juice treats and desserts including LUIGI’S Real Italian Ice, MINUTE MAID Juice Bars and Soft Frozen Lemonade, WHOLE FRUIT frozen fruit bars and sorbet, PHILLY SWIRL cups and sticks, ICEE Squeeze-Up Tubes and dough enrobed handheld products including PATIO burritos. Within the retail supermarket channel, our frozen and prepackaged products are purchased by the consumer for consumption at home.


Frozen Beverages


We sell frozen beverages to the food service industry primarily under the names ICEE, SLUSH PUPPIE and PARROT ICE in the United States, Mexico and Canada. We also provide repair and maintenance service to customers for customers’ owned equipment.


The Chief Operating Decision Maker for Food Service and Retail Supermarkets and the Chief Operating Decision Maker for Frozen Beverages monthly review detailed operating income statements and sales reports in order to assess performance and allocate resources to each individual segment. Sales is considered to be the one and only key variable monitored by the Chief Operating Decision Makers and management when determining each segment’s and the company’s financial condition and operating performance. In addition, the Chief Operating Decision Makers review and evaluate depreciation, capital spending and assets of each segment on a quarterly basis to monitor cash flow and asset needs of each segment. Information regarding the operations in these three reportable segments is as follows:


    Fiscal year ended    
                         
   

September 26,

    

September 27,

    

September 28,

  
   

2015

    

2014

    

2013

  
   

(52 weeks)

    

(52 weeks)

    

(52 weeks)

  
           

(in thousands)

          

Sales to External Customers:

                        

Food Service

                        

Soft pretzels

   $ 168,970     $ 164,680     $ 145,026  

Frozen juices and ices

     54,454       53,888       48,831  

Churros

     56,602       55,929       56,099  

Handhelds

     21,817       24,248       26,488  

Bakery

     301,135       281,556       274,783  

Other

     13,657       11,597       9,532  

Total Food Service

   $ 616,635     $ 591,898     $ 560,759  
                         

Retail Supermarket

                        

Soft pretzels

   $ 35,727     $ 34,830     $ 34,597  

Frozen juices and ices

     72,174       59,404       48,077  

Handhelds

     18,957       21,354       22,528  

Coupon redemption

     (4,725 )     (3,807 )     (3,681 )

Other

     1,244       863       818  

Total Retail Supermarket

   $ 123,377     $ 112,644     $ 102,339  
                         

Frozen Beverages

                        

Beverages

   $ 142,705     $ 133,283     $ 132,274  

Repair and maintenance service

     65,765       59,805       52,813  

Machines sales

     26,413       20,224       17,376  

Other

     1,361       1,597       2,122  

Total Frozen Beverages

   $ 236,244     $ 214,909     $ 204,585  
                         

Consolidated Sales

   $ 976,256     $ 919,451     $ 867,683  
                         

Depreciation and Amortization:

                        

Food Service

   $ 21,289     $ 20,882     $ 18,999  

Retail Supermarket

     1,132       492        31  

Frozen Beverages

     15,850       15,719       14,522  

Total Depreciation and Amortization

  $ 38,271     $ 37,093     $ 33,552  
                         

Operating Income:

                        

Food Service

   $ 75,286     $ 73,731     $ 65,907  

Retail Supermarket

     11,020       11,201       8,594  

Frozen Beverages

     24,582       21,916       22,903  

Total Operating Income

   $ 110,888     $ 106,848     $ 97,404  
                         

Capital Expenditures:

                        

Food Service

   $ 28,228     $ 21,594     $ 19,097  

Retail Supermarket

     112        26        -  

Frozen Beverages

     21,756       17,211       16,724  

Total Capital Expenditures

   $ 50,096     $ 38,831     $ 35,821  
                         

Assets:

                        

Food Service

   $ 547,117     $ 516,916     $ 486,015  

Retail Supermarket

     24,209       25,917       6,067  

Frozen Beverages

     171,609       161,940       153,579  

Total Assets

   $ 742,935     $ 704,773     $ 645,661