Note 7 - Segment Information

12 Months Ended

Nov. 02, 2012

Segment Reporting Disclosure [Text Block]

NOTE 7- Segment Information:

We have 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 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 2, 2012 (53 weeks) and October 28, 2011 (52 weeks):

2012	Frozen Food Products		Refrigerated and Snack Food Products		Other		Elimination		Totals
Sales	$	55,435		71,920					$	127,355
Intersegment sales				954				954
Net sales		55,435		72,874				954		127,355
Cost of products sold		34,102		49,911				954		83,059
Gross margin		21,333		22,963						44,296
Selling, general and administrative expenses		17,338		22,842		100				40,280
Income before taxes		3,995		121		100				4,016
Total assets	$	13,088		25,576		22,886			$	61,550
Additions to property, plant and equipment	$	227		747		66			$	1,040

2011	Frozen Food Products		Refrigerated and Snack Food Products			Other			Elimination			Totals
Sales	$	54,680		63,583			-			-		$	118,263
Intersegment sales		-		1,094			-			(1,094	)
Net sales		54,680		64,677			-			(1,094	)		118,263
Cost of products sold		33,350		48,480			-			(1,094	)		80,736
Gross margin		21,330		16,197			-			-			37,527
Selling, general and administrative expenses		17,074		21,441			124			-			38,639
Income (loss) before taxes		4,256		(5,244	)		(124	)		-			(1,112)
Total assets	$	11,887		23,124			21,955			-		$	56,966
Additions to property, plant and equipment	$	659		980			213			-		$	1,852