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Segment Information

8 Months Ended

Jul. 13, 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 food 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 (“SG&A”) 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 13, 2018 and July 7, 2017.

Segment Information
Twelve weeks Ended July 13, 2018		Frozen Food Products				Snack Food Products				Other				Totals
Sales		$	9,574			$	28,894			$	-			$	38,468
Cost of products sold			6,474				19,560				-				26,034
Gross margin			3,100				9,334				-				12,434
SG&A			3,004				7,726								10,730
Gain on sale of property, plant and equipment			-				-				-				-
Income before taxes			96				1,608				-				1,704
Total assets		$	10,532			$	57,529			$	32,280			$	100,341
Additions to PP&E		$	251			$	4,642			$	-			$	4,893

Twelve weeks Ended July 7, 2017		Frozen Food Products				Snack Food Products				Other				Totals
Sales		$	10,200			$	26,409			$	-			$	36,609
Cost of products sold			6,429				16,161				-				22,590
Gross margin			3,771				10,248				-				14,019
SG&A			3,348				7,593				-				10,941
Gain on sale of property, plant and equipment			-				(24	)			-				(24	)
Income before taxes			423				2,679				-				3,102
Total assets		$	10,552			$	46,444			$	40,524			$	97,520
Additions to PP&E		$	156			$	1,985			$				$	2,141

Thirty-six weeks Ended July 13, 2018		Frozen Food Products				Snack Food Products				Other				Totals
Sales		$	31,175			$	86,385			$	-			$	117,560
Cost of products sold			20,612				58,495				-				79,107
Gross margin			10,563				27,890				-				38,453
SG&A			9,761				24,453								34,214
Gain on sale of property, plant and equipment			(6	)			(19	)			(5,977	)			(6,002	)
Income before taxes			808				3,456				5,977				10,241
Total assets		$	10,532			$	57,529			$	32,280			$	100,341
Additions to PP&E		$	552			$	9,152			$	-			$	9,704

Thirty-six weeks Ended July 7, 2017		Frozen Food Products				Snack Food Products				Other				Totals
Sales		$	32,731			$	78,056			$	-			$	110,787
Cost of products sold			20,510				48,386				-				68,896
Gross margin			12,221				29,670				-				41,891
SG&A			10,309				23,053				-				33,362
Gain on sale of property, plant and equipment			-				(52	)			-				(52	)
Income before taxes			1,912				6,669				-				8,581
Total assets		$	10,552			$	46,444			$	40,524			$	97,520
Additions to PP&E		$	260			$	9,465			$	-			$	9,725

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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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