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Note 9
 9 Months Ended
Jun. 27, 2015
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]

Note 9

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.


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 (loss). These segments are described below.


Food Service


The primary products sold by the food service group are soft pretzels, frozen juice treats and desserts, churros, dough enrobed handheld products and baked goods. Our customers in the food service industry include snack bars and food stands in chain, department and discount stores; malls and shopping centers; 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 and related products 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. 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:


   

Three months ended

    

Nine months ended

  
   

June 27,

    

June 28,

    

June 27,

    

June 28,

  
   

2015

    

2014

    

2015

    

2014

  
   

(unaudited)

 
   

(in thousands)

  

Sales to External Customers:

                                

Food Service

                                

Soft pretzels

   $ 42,920     $ 41,337     $ 124,737     $ 119,460  

Frozen juices and ices

     19,331       18,215       38,604       38,301  

Churros

     14,979       15,622       42,568       43,003  

Handhelds

     5,853       6,221       16,055       18,337  

Bakery

     79,643       72,459       224,865       207,704  

Other

     4,522       4,019       9,242       8,177  
    $ 167,248     $ 157,873     $ 456,071     $ 434,982  
                                 

Retail Supermarket

                                

Soft pretzels

   $ 7,431     $ 7,090     $ 27,460     $ 26,314  

Frozen juices and ices

     29,421       23,723       52,298       38,548  

Handhelds

     4,667       4,661       14,115       14,763  

Coupon redemption

     (811 )     (886 )     (2,811 )     (2,255 )

Other

     420       244       986       676  
    $ 41,128     $ 34,832     $ 92,048     $ 78,046  
                                 

Frozen Beverages

                                

Beverages

   $ 44,990     $ 41,762     $ 99,278     $ 93,664  

Repair and maintenance service

     17,270       16,610       48,303       43,354  

Machines sales

     7,696       5,492       19,771       14,774  

Other

     392       544       1,013       1,137  
    $ 70,348     $ 64,408     $ 168,365     $ 152,929  
                                 

Consolidated Sales

   $ 278,724     $ 257,113     $ 716,484     $ 665,957  
                                 

Depreciation and Amortization:

                                

Food Service

   $ 5,330     $ 5,330     $ 15,971     $ 15,702  

Retail Supermarket

     220       134       660       150  

Frozen Beverages

     4,052       3,962       11,827       11,676  
    $ 9,602     $ 9,426     $ 28,458     $ 27,528  
                                 

Operating Income:

                                

Food Service

   $ 20,479     $ 21,245     $ 51,621     $ 53,958  

Retail Supermarket

     6,406       3,489       9,607       8,055  

Frozen Beverages

     11,926       10,929       15,998       11,953  
    $ 38,811     $ 35,663     $ 77,226     $ 73,966  
                                 

Capital Expenditures:

                                

Food Service

   $ 9,315     $ 5,500     $ 20,127     $ 16,339  

Retail Supermarket

     -       -       -       -  

Frozen Beverages

     6,276       5,021       16,107       15,007  
    $ 15,591     $ 10,521     $ 36,234     $ 31,346  
                                 

Assets:

                                

Food Service

   $ 550,124     $ 511,229     $ 550,124     $ 511,229  

Retail Supermarket

     17,901       18,803       17,901       18,803  

Frozen Beverages

     174,901       168,203       174,901       168,203  
    $ 742,926     $ 698,235     $ 742,926     $ 698,235