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Segment Information

3 Months Ended

Jan. 24, 2020

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 24, 2020 and January 25, 2019.

Segment Information
Twelve weeks Ended January 24, 2020		Frozen Food Products				Snack Food Products				Other				Totals
Sales		$	11,354			$	35,288			$	-			$	46,642
Cost of products sold			7,673				23,915				-				31,588
Gross margin			3,681				11,373				-				15,054
SG&A			3,203				9,415				-				12,618
Gain on sale of property, plant and equipment			-				(13	)			-				(13	)
Income before taxes			478				1,971				-				2,449

Total assets		$	11,025			$	98,334			$	20,253			$	129,612
Additions to PP&E		$	37			$	6,137			$	-			$	6,174

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

The following information further disaggregates our sales to customers by major distribution channel and customer type for the twelve weeks ended January 24, 2020 and January 25, 2019, respectively.

Twelve weeks Ended January 24, 2020 Distribution Channel		Retail (a)				Foodservice (b)				Totals
Direct store delivery		$	25,137			$	-			$	25,137
Direct customer warehouse			10,151				-				10,151
Total Snack Food Products			35,288				-				35,288

Distributors			2,721				8,633				11,354
Total Frozen Food Products			2,721				8,633				11,354

Totals		$	38,009			$	8,633			$	46,642

(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.

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.