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Segment Information

3 Months Ended

Jan. 25, 2019

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 weeks ended January 25, 2019 and January 26, 2018.

Segment Information
Twelve weeks Ended January 25, 2019		Frozen Food Products				Snack Food Products				Other				Totals
Sales		$	11,872			$	33,169			$	-			$	45,041
Cost of products sold			7,964				21,423				-				29,387
Gross margin			3,908				11,746				-				15,654
SG&A			3,798				9,289								13,087
Gain on sale of property, plant and equipment			-				-				-				-
Income before taxes			110				2,457				-				2,567
Total assets		$	10,505			$	71,177			$	26,001			$	107,683
Additions to PP&E		$	103			$	7,088			$	-			$	7,191

Twelve weeks Ended January 26, 2018		Frozen Food Products				Snack Food Products				Other				Totals
Sales		$	10,591			$	30,601			$	-			$	41,192
Cost of products sold			7,161				20,072				-				27,233
Gross margin			3,430				10,529				-				13,959
SG&A			3,385				8,486				-				11,871
Gain on sale of property, plant and equipment			(1	)			(6	)			-				(7	)
Income before taxes			46				2,049				-				2,095
Total assets		$	11,239			$	51,887			$	28,961			$	92,087
Additions to PP&E		$	125			$	3,495			$				$	3,620

The following information further disaggregates our sales to customers by major distribution channel and customer type.

Twelve weeks Ended January 25, 2019 Distribution Channel		Retail (a)				Foodservice (b)				Totals
Direct store delivery		$	23,568			$	-			$	23,568
Direct customer warehouse			9,601				-				9,601
Total Snack Food Products			33,169				-				33,169
Distributors			2,266				9,606				11,872
Total Frozen Food Products			2,266				9,606				11,872
Totals		$	35,435			$	9,606			$	45,041

(a) Includes sales to food retailers, such as grocery retailers, warehouse club stores, and internet-based retailers.

(b) Includes sales to foodservice distributors, restaurant operators, hotel chains and noncommercial foodservice establishments such as schools, convenience stores, healthcare facilities and the military.

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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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