Reporting Segments

12 Months Ended

Apr. 24, 2015

Segment Reporting [Abstract]

Reporting Segments

Reporting Segments

During fiscal 2015, we had two reporting segments: Bob Evans Restaurants and BEF Foods. We determine our segments on the same basis we use to allocate resources and assess performance.

Our operations include restaurant operations and the processing and sale of food products. The revenues from our two segments, Bob Evans Restaurants and BEF Foods, include both net sales to unaffiliated customers and intersegment net sales, which are accounted for on a basis consistent with net sales to unaffiliated customers. Intersegment net sales and other intersegment transactions have been eliminated in the consolidated financial statements. Corporate functions and other corporate overhead costs are allocated to our reporting segments based on the time and resources used to support them.This includes functions such as information technology, finance, legal, human resources, supply chain and other corporate functions. Corporate overhead costs allocated to our segments include legal and professional fees, ongoing IT infrastructure costs including certain costs related to our new ERP system, costs related to the separation of our former CEO, costs related to the use of our former ownership interest in a jointly owned aircraft including the loss on sale and other overhead costs. Allocated corporate costs are included in the S,G&A line of the Consolidated Statements of Net Income.

Operating income represents earnings before interest and income taxes. Identifiable assets by segment are those assets that are used in our operations in each segment. General corporate assets include current and deferred tax assets, assets held by our Rabbi Trust, property, plant and equipment related to our corporate headquarters and IT infrastructure and our note receivable obtained from the sale of Mimi's Café.

Information on our reporting segments is summarized as follows:

(in thousands)	2015			2014			2013
Net Sales
Bob Evans Restaurants	$	969,877		$	956,579		$	981,418
BEF Foods	398,617			386,806			376,885
Total	$	1,368,494		$	1,343,385		$	1,358,303
Inter-segment net sales of food products (1)	(19,304		)	(14,833		)	(28,077		)
	1,349,190			1,328,552			1,330,226
Operating Income
Bob Evans Restaurants	$	(2,752	)	$	27,134		$	69,317
BEF Foods	20,438			5,991			18,637
Total	$	17,686		$	33,125		$	87,954
Depreciation and Amortization Expense
Bob Evans Restaurants	$	61,531		$	63,872		$	56,827
BEF Foods	18,543			15,584			12,492
Total	$	80,074		$	79,456		$	69,319
Capital Expenditures
Bob Evans Restaurants	$	60,115		$	119,097		$	67,662
BEF Foods	14,402			71,898			50,538
Total	$	74,517		$	190,995		$	118,200
Identifiable Assets
Bob Evans Restaurants	$	665,910		$	693,543		$	714,221
BEF Foods	179,137			193,634			155,424
	845,047			887,177			869,645
General corporate assets	187,540			178,575			151,308
Total	$	1,032,587		$	1,065,752		$	1,020,953

(1) Inter-segment net sales of food products includes $12,491 in fiscal 2013 of sales to discontinued operations.