XML 21 R9.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 4 - Segment Information
 8 Months Ended
Jul. 08, 2016
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]
Note 4 - Segment Information:
 
The Company has two reportable operating segments, Frozen Food Products (the processing and distribution of frozen products) and Snack Food Products (the processing and distribution of 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. Assets managed at the corporate level have been included as “other” in the accompanying segment information. 
 
 
The following segment information is presented for the twelve and thirty-six weeks ended July 8, 2016 and July 10, 2015.  
 
Segment Information
 
Twelve weeks Ended
July 8
, 2016
 
Frozen
Food
Products
 
 
Snack Food
Products
 
 
Other
 
 
Totals
 
Sales
   $ 9,170     $ 20,722     $ -     $ 29,892  
Intersegment sales
     -       -       -       -  
Net sales
     9,170       20,722       -       29,892  
Cost of products sold
     5,834       11,885       -       17,719  
Gross margin
     3,336       8,837       -       12,173  
SG&A
     3,207       6,655       -       9,862  
Income before taxes
     129       2,182       -       2,311  
                                 
Total assets
   $ 10,112     $ 36,228     $ 37,788     $ 84,128  
Additions to PP&E
   $ 268     $ 1,152     $ 51     $ 1,471  
 
Twelve weeks Ended
July 10, 2015
 
Frozen
Food
Products
 
 
Snack Food
Products
 
 
Other
 
 
Totals
 
Sales
   $ 9,869     $ 16,620     $ -     $ 26,489  
Intersegment sales
     -       -       -       -  
Net sales
     9,869       16,620       -       26,489  
Cost of products sold
     6,047       9,822       -       15,869  
Gross margin
     3,822       6,798       -       10,620  
SG&A
     3,237       5,386       -       8,623  
Income before taxes
     585       1,412       -       1,997  
                                 
Total assets
   $ 9,741     $ 25,963     $ 24,573     $ 60,277  
Additions to PP&E
   $ 35     $ 222     $ (1
)
   $ 256  
 
 
 
Segment Information
 
Thirty-six weeks Ended
July 8
, 2016
 
Frozen
Food
Products
 
 
Snack Food
Products
 
 
Other
 
 
Totals
 
Sales
   $ 31,811     $ 65,382     $ -     $ 97,193  
Intersegment sales
     -       -       -       -  
Net sales
     31,811       65,382       -       97,193  
Cost of products sold
     19,927       39,083       -       59,010  
Gross margin
     11,884       26,299       -       38,183  
SG&A
     10,145       20,155       -       30,300  
Income before taxes
     1,739       6,144       -       7,883  
                                 
Total assets
   $ 10,112     $ 36,228     $ 37,788     $ 84,128  
Additions to PP&E
   $ 427     $ 2,010     $ 49     $ 2,486  
 
 
Thirty-six weeks Ended
July 10, 2015
 
Frozen
Food
Products
 
 
Snack Food
Products
 
 
Other
 
 
Totals
 
Sales
   $ 34,082     $ 53,814     $ -     $ 87,896  
Intersegment sales
     -       -       -       -  
Net sales
     34,082       53,814       -       87,896  
Cost of products sold
     20,961       36,421       -       57,382  
Gross margin
     13,121       17,393       -       30,514  
SG&A
     10,033       15,815       -       25,848  
Income before taxes
     3,088       1,578       -       4,666  
                                 
Total assets
   $ 9,741     $ 25,963     $ 24,573     $ 60,277  
Additions to PP&E
   $ 88     $ 451     $ 10     $ 549