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Segment Information

12 Months Ended

Nov. 01, 2019

Segment Reporting [Abstract]

Segment Information

NOTE 7 - Segment Information:

We have 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 and marketing management at the corporate level. These activities are allocated to each operating segment based on revenues and/or actual usage.

The following segment information is for the fiscal years ended November 1, 2019 (52 weeks) and November 2, 2018 (52 weeks):

Segment Information
2019		Frozen Food Products				Snack Food Products				Other				Totals
Net Sales		$	51,234			$	137,551			$	-			$	188,785
Cost of products sold			33,444				93,677				-				127,121
Gross margin			17,790				43,874				-				61,664
SG&A			14,867				37,970				-				52,837
(Gain) loss on sale of property, plant and equipment			(4	)			294				-				290
Income before taxes		$	2,927			$	5,610			$	-			$	8,537
Total assets		$	12,198			$	90,221			$	21,037			$	123,456
Additions to PP&E		$	654			$	25,085			$	-			$	25,739

Segment Information
2018		Frozen Food Products				Snack Food Products				Other				Totals
Net Sales		$	47,266			$	126,991			$	-			$	174,257
Cost of products sold			30,992				86,759				-				117,751
Gross margin			16,274				40,232				-				56,506
SG&A			14,226				35,703				-				49,929
Gain on sale of property, plant and equipment			(242	)			(17	)			(5,977	)			(6,236	)
Income before taxes		$	2,290			$	4,546			$	5,977			$	12,813
Total assets		$	11,902			$	64,429			$	25,163			$	101,494
Additions to PP&E		$	981			$	17,166			$	-			$	18,147

The following information further disaggregates our sales to customers by major distribution channel and customer type for the fiscal year ended November 1, 2019.

2019 Distribution Channel		Retail (a)				Foodservice (b)				Totals
Direct store delivery		$	100,936			$	-			$	100,936
Direct customer warehouse			36,615				-				36,615
Total Snack Food Products			137,551				-				137,551
Distributors			6,915				44,319				51,234
Total Frozen Food Products			6,915				44,319				51,234
Total Net Sales		$	144,466			$	44,319			$	188,785

(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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