Note 4 - Segment Information

6 Months Ended

Apr. 19, 2013

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 twenty-four weeks ended April 19, 2013 and April 13, 2012.

Twelve Weeks Ended April 19, 2013	Frozen Food Products		Refrigerated and Snack Food Products		Other			Elimination			Totals
Sales to external customers	$	11,617	$	16,967	$	-		$			$	28,584
Intersegment sales		-		216		-			(216	)
Net sales		11,617		17,183		-			(216	)		28,584
Cost of products sold		7,580		11,443		-			(216	)		18,807
Gross margin		4,037		5,740		-			-			9,777
Selling, general and administrative expenses		3,917		5,733		5			-			9,655
Income (loss) before taxes		120		7		(5	)		-			122
Total assets	$	12,282	$	30,602	$	19,571		$	-		$	62,455
Additions to property, plant and equipment	$	32	$	583	$	24		$	-		$	639

Twelve Weeks Ended April 13, 2012	Frozen Food Products		Refrigerated and Snack Food Products			Other			Elimination			Totals
Sales to external customers	$	12,609	$	14,704		$	-		$	-		$	27,313
Intersegment sales		-		199			-			(199	)		-
Net sales		12,609		14,903			-			(199	)		27,313
Cost of products sold		7,627		10,144			-			(199	)		17,572
Gross margin		4,982		4,759			-			-			9,741
Selling, general and administrative expenses		3,939		4,761			1			-			8,701
Income (loss) before taxes		1,043		(2	)		(1	)		-			1,040
Total assets	$	10,832	$	21,862		$	22,990		$	-		$	55,684
Additions to property, plant and equipment	$	23	$	(5	)	$	8		$	-		$	26

Twenty-four Weeks Ended April 19, 2013	Frozen Food Products		Refrigerated and Snack Food Products		Other		Elimination			Totals
Sales to external customers	$	24,117	$	35,238	$	-	$	-		$	59,355
Intersegment sales		-		411		-		(411	)
Net sales		24,117		35,649		-		(411	)		59,355
Cost of products sold		15,186		22,770		-		(411	)		37,545
Gross margin		8,931		12,879		-		-			21,810
Selling, general and administrative expenses		7,953		11,841		-		-			19,794
Income (loss) before taxes		978		1,038		-		-			2,016
Total assets	$	12,282	$	30,602	$	19,571	$	-		$	62,455
Additions to property, plant and equipment	$	116	$	1,212	$	3	$	-		$	1,331

Twenty-four Weeks Ended April 13, 2012	Frozen Food Products		Refrigerated and Snack Food Products			Other			Elimination			Totals
Sales to external customers	$	26,262	$	30,766		$	-		$	-		$	57,028
Intersegment sales		-		385			-			(385	)		-
Net sales		26,262		31,151			-			(385	)		57,028
Cost of products sold		16,430		22,679			-			(385	)		38,724
Gross margin		9,832		8,472			-			-			18,304
Selling, general and administrative expenses		7,798		9,763			(19	)		-			17,542
Income (loss) before taxes		2,034		(1,291	)		19			-			762
Total assets	$	10,832	$	21,862		$	22,990		$	-		$	55,684
Additions to property, plant and equipment	$	42	$	228		$	19		$	-		$	289