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Segment Information

6 Months Ended

Apr. 20, 2018

Segment Reporting [Abstract]

Segment Information

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 twenty-four weeks ended April 20, 2018 and April 14, 2017.

Segment Information
Twelve weeks Ended April 20, 2018		Frozen Food Products				Snack Food Products				Other				Totals
Sales		$	11,010			$	26,890			$	-			$	37,900
Cost of products sold			6,978				18,862				-				25,840
Gross margin			4,032				8,028				-				12,060
SG&A			3,367				8,246								11,613
Gain on sale of property, plant and equipment			-				(18	)			(5,977	)			(5,995	)
Income (loss) before taxes			665				(200	)			5,977				6,442
Total assets		$	10,828			$	51,777			$	34,488			$	97,093
Additions to PP&E		$	176			$	1,015			$	-			$	1,191

Twelve weeks Ended April 14, 2017		Frozen Food Products				Snack Food Products				Other				Totals
Sales		$	10,817			$	23,280			$	-			$	34,097
Cost of products sold			6,716				14,424				-				21,140
Gross margin			4,101				8,856				-				12,957
SG&A			3,386				7,566				-				10,952
Gain on sale of property, plant and equipment			-				(24	)			-				(24	)
Income before taxes			715				1,314				-				2,029
Total assets		$	10,844			$	37,486			$	44,271			$	92,601
Additions to PP&E		$	79			$	6,461			$				$	6,540

Twenty-four weeks Ended April 20, 2018		Frozen Food Products				Snack Food Products				Other				Totals
Sales		$	21,601			$	57,491			$	-			$	79,092
Cost of products sold			14,139				38,934				-				53,073
Gross margin			7,462				18,557				-				26,019
SG&A			6,757				16,727								23,484
Gain on sale of property, plant and equipment			(6	)			(19	)			(5,977	)			(6,002	)
Income before taxes			711				1,849				5,977				8,537
Total assets		$	10,828			$	51,777			$	34,488			$	97,093
Additions to PP&E		$	301			$	4,510			$	-			$	4,811

Twenty-four weeks Ended April 14, 2017		Frozen Food Products				Snack Food Products				Other				Totals
Sales		$	22,531			$	51,647			$	-			$	74,178
Cost of products sold			14,080				32,226				-				46,306
Gross margin			8,451				19,421				-				27,872
SG&A			6,959				15,462				-				22,421
Gain on sale of property, plant and equipment			-				(28	)			-				(28	)
Income before taxes			1,492				3,987				-				5,479
Total assets		$	10,844			$	37,486			$	44,271			$	92,601
Additions to PP&E		$	104			$	7,480			$	-			$	7,584

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- References

No definition available.

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- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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