Note 4 - Segment Information

9 Months Ended

Jul. 08, 2011

Segment Reporting Disclosure [Text Block]

Note 4 - Segment Information:

The Company has two reportable operating segments, Frozen Food Products (the processing and distribution of frozen products) and Refrigerated and Snack Food Products (the processing and distribution of refrigerated 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 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.

The following segment information is presented for the twelve and thirty-six weeks ended July 8, 2011 and July 9, 2010.

Twelve Weeks Ended	Frozen Food		Refrigerated and Snack Food
July 8, 2011	Products		Products			Other			Elimination		Totals
Sales to external customers	$	10,993	$	15,618		$	-		$	-	$	26,611
Intersegment sales		-		254			-			254		-
Net sales		10,993		15,872			-			254		26,611
Cost of products sold		7,041		11,625			-			254		18,412
Gross margin		3,952		4,247			-			-		8,199
Selling, general and administrative expenses		3,790		4,980			12			-		8,782
Income (loss) before taxes		162		(733	)		(12	)		-		(583	)
Total assets	$	10,424	$	25,476		$	22,231		$	-	$	58,131
Additions to property, plant and equipment	$	472	$	423		$	-		$	-	$	895

Twelve Weeks Ended	Frozen Food		Refrigerated and Snack Food
July 9, 2010	Products		Products			Other			Elimination		Totals
Sales to external customers	$	11,001	$	15,932		$	-		$	-	$	26,933
Intersegment sales		-		322			-			322		-
Net sales		11,001		16,254			-			322		26,933
Cost of products sold		6,657		10,754			-			322		17,089
Gross margin		4,344		5,500			-			-		9,844
Selling, general and administrative expenses		4,072		5,719			15			-		9,806
Income (loss) before taxes		272		(219	)		(15	)		-		38
Total assets	$	10,627	$	22,201		$	26,671		$	-	$	59,499
Additions to property, plant and equipment	$	78	$	123		$	-		$	-	$	201

Thirty-Six Weeks Ended	Frozen Food		Refrigerated and Snack Food
July 8, 2011	Products		Products			Other			Elimination		Totals
Sales to external customers	$	37,378	$	43,220		$	-		$	-	$	80,598
Intersegment sales		-		767			-			767		-
Net sales		37,378		43,987			-			767		80,598
Cost of products sold		23,130		31,769			-			767		54,132
Gross margin		14,248		12,218			-			-		26,466
Selling, general and administrative expenses		11,517		14,911			(4	)		-		26,424
Income (loss) before taxes		2,731		(2,693	)		4			-		42
Total assets	$	10,424	$	25,476		$	22,231		$	-	$	58,131
Additions to property, plant and equipment	$	612	$	782		$	158		$	-	$	1,552

Thirty-Six Weeks Ended	Frozen Food		Refrigerated and Snack Food
July 9, 2010	Products		Products		Other			Elimination		Totals
Sales to external customers	$	36,613	$	46,399	$	-		$	-	$	83,012
Intersegment sales		-		859		-			859		-
Net sales		36,613		47,258		-			859		83,012
Cost of products sold		21,816		28,272		-			859		49,229
Gross margin		14,797		18,986		-			-		33,783
Selling, general and administrative expenses		11,827		17,811		92			-		29,730
Income (loss) before taxes		2,970		1,175		(92	)		-		4,053
Total assets	$	10,627	$	22,201	$	26,671		$	-	$	59,499
Additions to property, plant and equipment	$	320	$	518	$	15		$	-	$	853