Reporting Segments

9 Months Ended

Jan. 22, 2016

Segment Reporting [Abstract]

Reporting Segments

Reporting Segments

We have two reporting segments: Bob Evans Restaurants and BEF Foods. We determine our segments on the same basis that the Company's chief operating decision maker uses to allocate resources and assess performance. We evaluate our segments based on operating income, excluding expenses and charges from corporate and other functions which we consider to be overall corporate costs, or costs not reflective of the reporting segment’s core operating businesses. This includes corporate functions such as information technology, finance, legal, human resources, supply chain and other corporate functions, and includes costs such as ongoing IT infrastructure costs, certain legal and professional fees, depreciation on our corporate assets and other costs. Prior to the first quarter of fiscal 2016, we allocated these costs to our reporting segments. This change in reporting was made to present our results in line with the changes made during the first quarter in how management measures results of operations and allocates resources. We have adjusted the prior year amounts to reflect this change in presentation. Operating income represents earnings before interest and income taxes.

Information on our reporting segments is summarized as follows:

	Three Months Ended						Nine Months Ended
(in thousands)	January 22, 2016			January 23, 2015			January 22, 2016			January 23, 2015
Net Sales:
Bob Evans Restaurants	$	238,608		$	250,389		$	708,018		$	731,691
BEF Foods	112,858			112,060			298,386			300,618
Intersegment net sales of food products	(4,961		)	(5,272		)	(13,165		)	(15,513		)
Subtotal of BEF Foods	107,897			106,788			285,221			285,105
Total	$	346,505		$	357,177		$	993,239		$	1,016,796
Operating income (loss):
Bob Evans Restaurants	$	14,453		$	14,153		$	37,585		$	49,709
BEF Foods	20,609			15,274			50,443			24,675
Corporate and Other	(17,002		)	(21,754		)	(50,272		)	(57,635		)
Total	$	18,060		$	7,673		$	37,756		$	16,749

(in thousands)	January 22, 2016		April 24, 2015
Identifiable Assets:
Bob Evans Restaurants	$	633,152	$	665,910
BEF Foods	133,404		179,137
General corporate assets	168,357		187,540
Total	$	934,913	$	1,032,587

Discussion of segment results is included within Management's Discussion and Analysis of Financial Condition and Results of Operations.