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Note 4 - Segment Information
 3 Months Ended
Jan. 20, 2012
Note 4 - Segment Information Disclosure  
Note 4 - Segment Information
Note 4 - Segment Information:
 
                       
The Company has two reportable operating segments, Frozen Food Products (the processing and distribution of frozen products) and Refrigerated and Snack Food Products (the processing and distribution of refrigerated meat and other convenience foods).
 
We evaluate each segment's performance based on revenues and operating income. Selling, general and administrative expenses include corporate accounting, information systems, human resource management and marketing, which are managed at the corporate level. These activities are allocated to each operating segment based on revenues and/or actual usage.
                       
The following segment information is presented for the twelve weeks ended January 20, 2012 and January 21, 2011.
 
Twelve Weeks Ended
 
Frozen Food
   
Refrigerated and
Snack Food
                   
January 20, 2012
 
Products
   
Products
   
Other
   
Elimination
   
Totals
 
Sales to external customers
 
$
13,653
   
$
16,062
   
$
 -    
$
 -    
$
29,715
 
Intersegment sales
     -      
186
       -      
(186
)
     -  
Net sales
   
13,653
     
16,248
       -      
(186
)
   
29,715
 
Cost of products sold
   
8,803
     
12,535
       -      
(186
)
   
21,152
 
Gross margin
   
4,850
     
3,713
       -        -      
8,563
 
Selling, general and administrative expenses
   
3,859
     
5,002
     
(20
)
     -      
8,841
 
Income (loss) before taxes
   
991
     
(1,289
)
   
20
       -      
(278
)
                                         
Total assets
 
$
10,805
   
$
22,295
   
$
23,111
   
$
 -    
$
56,211
 
Additions to property, plant and equipment
 
$
19
   
$
233
   
$
11
   
$
 -    
$
263
 
 
Twelve Weeks Ended
 
Frozen Food
   
Refrigerated and
Snack Food
                         
January 21, 2011
 
Products
   
Products
   
Other
   
Elimination
   
Totals
 
Sales to external customers
 
$
13,997
   
$
14,812
   
$
 -    
$
 -    
$
28,809
 
Intersegment sales
   
-
     
218
       -      
(218
)
   
-
 
Net sales
   
13,997
     
15,030
       -      
(218
)
   
28,809
 
Cost of products sold
   
8,166
     
11,052
       -      
(218
)
   
19,000
 
Gross margin
   
5,831
     
3,978
       -        -      
9,809
 
Selling, general and administrative expenses
   
3,885
     
5,179
     
(24
)
     -      
9,040
 
Income (loss) before taxes
   
1,946
     
(1,201
)
   
24
       -      
769
 
                                         
Total assets
 
$
11,627
   
$
22,218
   
$
25,396
   
$
 -    
$
59,241
 
Additions to property, plant and equipment
 
$
94
   
$
384
   
$
-
   
$
 -    
$
478