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Note 10

9 Months Ended

Jun. 27, 2015

Disclosure Text Block [Abstract]

Intangible Assets Disclosure [Text Block]

Note 10

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 June 27, 2015 and September 27, 2014 are as follows:

		June 27, 2015								September 27, 2014
		Gross								Gross
		Carrying				Accumulated				Carrying				Accumulated
		Amount				Amortization				Amount				Amortization
		(in thousands)

FOOD SERVICE
Indefinite lived intangible assets
Trade Names		$	13,072			$	-			$	13,072			$	-

Amortized intangible assets
Non compete agreements			592				532				592				509
Customer relationships			40,797				32,679				40,797				29,914
License and rights			3,606				2,779				3,606				2,708
TOTAL FOOD SERVICE		$	58,067			$	35,990			$	58,067			$	33,131

RETAIL SUPERMARKETS

Indefinite lived intangible assets
Trade Names		$	7,206			$	-			$	7,206			$	-

Amortized Intangible Assets
Non compete agreements			160				94				160				34
Customer relationships			7,979				1,020				7,979				420
TOTAL RETAIL SUPERMARKETS		$	15,345			$	1,114			$	15,345			$	454


FROZEN BEVERAGES

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

Amortized intangible assets
Non compete agreements			198				198				198				198
Customer relationships			6,678				5,915				6,478				5,448
Licenses and rights			1,601				837				1,601				784
TOTAL FROZEN BEVERAGES		$	17,792			$	6,950			$	17,592			$	6,430

CONSOLIDATED		$	91,204			$	44,054			$	91,004			$	40,015

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 $200,000 were acquired in the three and nine months ended June 27, 2015 in the Frozen Beverages segment. Aggregate amortization expense of intangible assets for the three months ended June 27, 2015 and June 28, 2014 was $1,332,000 and $1,290,000, respectively and for the nine months ended June 27, 2015 and June 28, 2014 was $4,039,000 and $3,576,000, respectively.

Estimated amortization expense for the next five fiscal years is approximately $5,400,000 in 2015 and $5,100,000 in 2016, $2,600,000 in 2017, $1,800,000 in 2018 and $1,700,000 in 2019. The weighted average amortization period of the intangible assets is 10.0 years.

Goodwill

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

		Food				Retail				Frozen
		Service				Supermarket				Beverages				Total
		(in thousands)
Balance at June 27, 2015		$	46,832			$	3,670			$	35,940			$	86,442

Balance at September 27, 2014		$	46,832			$	3,670			$	35,940			$	86,442

There was no goodwill acquired in the three and nine months ended June 27, 2015.