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Segment Information | 8 Months Ended
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Jul. 08, 2022
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 are not attributable to each operating segment and thus have been included as “other” in the accompanying segment information. The following segment information is presented for the twelve weeks ended July 8, 2022, and July 9, 2021, respectively. Schedule of Segment Reporting Information, by Segment
Segment Information
Twelve weeks Ended July 8, 2022 |  | Frozen Food Products |  |  | Snack Food Products |  |  | Other |  |  | Totals |
Sales |  | $ | 11,713 |  |  | $ | 47,806 |  |  | $ | - |  |  | $ | 59,519 |
Cost of products sold |  |  | 8,752 |  |  |  | 33,746 |  |  |  | - |  |  |  | 42,498 |
Gross margin |  |  | 2,961 |  |  |  | 14,060 |  |  |  | - |  |  |  | 17,021 |
SG&A |  |  | 3,451 |  |  |  | 11,769 |  |  |  | - |  |  |  | 15,220 |
Gain on sale of property, plant, and equipment |  |  | (16 | ) |  |  | - |  |  |  | (57,629 | ) |  |  | (57,645 | )
Operating (loss) income |  |  | (474 | ) |  |  | 2,291 |  |  |  | 57,629 |  |  |  | 59,446 |
Total assets |  | $ | 13,719 |  |  | $ | 128,294 |  |  | $ | 38,581 |  |  | $ | 180,594 |
Additions to PP&E |  | $ | 799 |  |  | $ | 1,684 |  |  | $ | - |  |  | $ | 2,483 |
Twelve weeks Ended July 9, 2021 |  | Frozen Food Products |  |  | Snack Food Products |  |  | Other |  |  | Totals |
Sales |  | $ | 8,321 |  |  | $ | 48,217 |  |  | $ | - |  |  | $ | 56,538 |
Cost of products sold |  |  | 5,858 |  |  |  | 38,669 |  |  |  | - |  |  |  | 44,527 |
Gross margin |  |  | 2,463 |  |  |  | 9,548 |  |  |  | - |  |  |  | 12,011 |
SG&A |  |  | 2,682 |  |  |  | 11,462 |  |  |  | - |  |  |  | 14,144 |
Gain on sale of property, plant, and equipment |  |  | (84 | ) |  |  | (212 | ) |  |  | - |  |  |  | (296 | )
Operating loss |  |  | (135 | ) |  |  | (1,702 | ) |  |  | - |  |  |  | (1,837 | )
Total assets |  | $ | 10,613 |  |  | $ | 122,850 |  |  | $ | 23,694 |  |  | $ | 157,157 |
Additions to PP&E |  | $ | 35 |  |  | $ | 1,052 |  |  | $ | - |  |  | $ | 1,087 |
The following segment information is presented for the thirty-six weeks ended July 8, 2022, and July 9, 2021, respectively.
Thirty-six weeks Ended July 8, 2022 |  | Frozen Food Products |  |  | Snack Food Products |  |  | Other |  |  | Totals |
Sales |  | $ | 36,556 |  |  | $ | 147,035 |  |  | $ | - |  |  | $ | 183,591 |
Cost of products sold |  |  | 26,252 |  |  |  | 107,243 |  |  |  | - |  |  |  | 133,495 |
Gross margin |  |  | 10,304 |  |  |  | 39,792 |  |  |  | - |  |  |  | 50,096 |
SG&A |  |  | 9,824 |  |  |  | 35,305 |  |  |  | - |  |  |  | 45,129 |
Gain on sale of property, plant, and equipment |  |  | (16 | ) |  |  | (18 | ) |  |  | (57,629 | ) |  |  | (57,663 | )
Operating (loss) income |  |  | 496 |  |  |  | 4,505 |  |  |  | (57,629 | ) |  |  | 62,630 |
Total assets |  | $ | 13,719 |  |  | $ | 128,294 |  |  | $ | 38,581 |  |  | $ | 180,594 |
Additions to PP&E |  | $ | 805 |  |  | $ | 2,307 |  |  | $ | - |  |  | $ | 3,112 |
Thirty-six weeks Ended July 9, 2021 |  | Frozen Food Products |  |  | Snack Food Products |  |  | Other |  |  | Totals |
Sales |  | $ | 26,438 |  |  | $ | 135,270 |  |  | $ | - |  |  | $ | 161,708 |
Cost of products sold |  |  | 18,695 |  |  |  | 105,864 |  |  |  | - |  |  |  | 124,559 |
Gross margin |  |  | 7,743 |  |  |  | 29,406 |  |  |  | - |  |  |  | 37,149 |
SG&A |  |  | 8,097 |  |  |  | 32,928 |  |  |  | - |  |  |  | 41,025 |
Gain on sale of property, plant, and equipment |  |  | (111 | ) |  |  | (267 | ) |  |  | - |  |  |  | (378 | )
Operating loss |  |  | (243 | ) |  |  | (3,255 | ) |  |  | - |  |  |  | (3,498 | )
Total assets |  | $ | 10,613 |  |  | $ | 122,850 |  |  | $ | 23,694 |  |  | $ | 157,157 |
Additions to PP&E |  | $ | 156 |  |  | $ | 6,686 |  |  | $ | - |  |  | $ | 6,842 |
The following information further disaggregates our sales to customers by major distribution channel and customer type for the twelve weeks and thirty-six weeks ended July 8, 2022, and July 9, 2021, respectively. Schedule of Disaggregates Our Sales to Customers Twelve weeks Ended July 8, 2022
Distribution Channel |  | Retail (a) |  |  | Foodservice (b) |  |  | Totals |
Direct store delivery |  | $ | 29,914 |  |  | $ | - |  |  | $ | 29,914 |
Direct customer warehouse |  |  | 17,892 |  |  |  | - |  |  |  | 17,892 |
Total Snack Food Products |  |  | 47,806 |  |  |  | - |  |  |  | 47,806 |
Distributors |  |  | 1,205 |  |  |  | 10,508 |  |  |  | 11,713 |
Total Frozen Food Products |  |  | 1,205 |  |  |  | 10,508 |  |  |  | 11,713 |
Totals |  | $ | 49,011 |  |  | $ | 10,508 |  |  | $ | 59,519 |
Twelve weeks Ended July 9, 2021
Distribution Channel |  | Retail (a) |  |  | Foodservice (b) |  |  | Totals |
Direct store delivery |  | $ | 33,739 |  |  | $ | - |  |  | $ | 33,739 |
Direct customer warehouse |  |  | 14,478 |  |  |  | - |  |  |  | 14,478 |
Total Snack Food Products |  |  | 48,217 |  |  |  | - |  |  |  | 48,217 |
Distributors |  |  | 1,290 |  |  |  | 7,031 |  |  |  | 8,321 |
Total Frozen Food Products |  |  | 1,290 |  |  |  | 7,031 |  |  |  | 8,321 |
Totals |  | $ | 49,507 |  |  | $ | 7,031 |  |  | $ | 56,538 |
(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.
Thirty-six weeks Ended July 8, 2022 Distribution Channel |  | Retail (a) |  |  | Foodservice (b) |  |  | Totals |
Direct store delivery |  | $ | 97,608 |  |  | $ | - |  |  | $ | 97,608 |
Direct customer warehouse |  |  | 49,427 |  |  |  | - |  |  |  | 49,427 |
Total Snack Food Products |  |  | 147,035 |  |  |  | - |  |  |  | 147,035 |
Distributors |  |  | 5,720 |  |  |  | 30,836 |  |  |  | 36,556 |
Total Frozen Food Products |  |  | 5,720 |  |  |  | 30,836 |  |  |  | 36,556 |
Totals |  | $ | 152,755 |  |  | $ | 30,836 |  |  | $ | 183,591 |
Thirty-six weeks Ended July 9, 2021 Distribution Channel |  | Retail (a) |  |  | Foodservice (b) |  |  | Totals |
Direct store delivery |  | $ | 100,914 |  |  | $ | - |  |  | $ | 100,914 |
Direct customer warehouse |  |  | 34,356 |  |  |  | - |  |  |  | 34,356 |
Total Snack Food Products |  |  | 135,270 |  |  |  | - |  |  |  | 135,270 |
Distributors |  |  | 6,086 |  |  |  | 20,352 |  |  |  | 26,438 |
Total Frozen Food Products |  |  | 6,086 |  |  |  | 20,352 |  |  |  | 26,438 |
Totals |  | $ | 141,356 |  |  | $ | 20,352 |  |  | $ | 161,708 |
(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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- 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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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