10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

X Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the period ended December 28, 2013

or

Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Commission File Number:     0-14616

J & J SNACK FOODS CORP.

(Exact name of registrant as specified in its charter)

New Jersey	22-1935537
(State or other jurisdiction of	(I.R.S. Employer
incorporation or organization)	Identification No.)

6000 Central Highway, Pennsauken, NJ 08109

(Address of principal executive offices)

Telephone (856) 665-9533

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

X Yes No

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

X Yes No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer,” “non-accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large Accelerated filer (X)	Accelerated filer ( )
Non-accelerated filer ( )	Smaller reporting company ( )
(Do not check if a smaller reporting company)

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes X No

As of January 20, 2014, there were 18,690,646 shares of the Registrant’s Common Stock outstanding.

1

INDEX

		Page
		Number
Part I.	Financial Information
Item l.	Consolidated Financial Statements
Consolidated Balance Sheets – December 28, 2013 (unaudited) and September 28, 2013			3
Consolidated Statements of Earnings (unaudited) - Three Months Ended December 28, 2013 and December 29, 2012			4
Consolidated Statements of Comprehensive Income (unaudited) – Three Months Ended December 28, 2013 and December 29, 2012			5
Consolidated Statements of Cash Flows (unaudited) – Three Months Ended December 28, 2013 and December 29, 2012			6
Notes to the Consolidated Financial Statements (unaudited)			7
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations		21
Item 3.	Quantitative and Qualitative Disclosures About Market Risk		24
Item 4.	Controls and Procedures		24
Part II.	Other Information
Item 6.	Exhibits		24

 

2

J & J SNACK FOODS CORP. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(in thousands, except share amounts)

	December 28, 2013			September 28, 2013
	(unaudited)
Assets
Current assets
Cash and cash equivalents	$	105,749		$	97,345
Marketable securities held to maturity		-			256
Accounts receivable, net		74,620			87,545
Inventories, net		76,766			71,785
Prepaid expenses and other		3,644			3,284
Deferred income taxes		4,569			4,502
Total current assets		265,348			264,717
Property, plant and equipment, at cost
Land		2,496			2,496
Buildings		26,741			26,741
Plant machinery and equipment		183,867			179,331
Marketing equipment		246,542			244,770
Transportation equipment		6,688			5,953
Office equipment		17,496			16,282
Improvements		25,561			24,917
Construction in progress		6,202			9,952
		515,593			510,442
Less accumulated depreciation and amortization		363,508			363,278
		152,085			147,164
Other assets
Goodwill		84,615			76,899
Other intangible assets, net		43,718			44,012
Marketable securities held to maturity		2,000			2,000
Marketable securities available for sale		107,876			107,664
Other		3,495			3,205
		241,704			233,780
	$	659,137		$	645,661
Liability and Stockholder's Equity
Current Liabilities
Current obligations under capital leases	$	265		$	211
Accounts payable		51,011			50,906
Accrued insurance liability		9,844			9,954
Accrued income taxes		7,768			1,740
Accrued liabilities		3,995			3,769
Accrued compensation expense		10,057			13,671
Dividends payable		5,978			2,988
Total current liabilities		88,918			83,239
Long-term obligations under capital leases		458			136
Deferred income taxes		45,193			45,183
Other long-term liabilities		535			538
Stockholders' Equity
Preferred stock, $1 par value; authorized 10,000,000 shares; none issued		-			-
Common stock, no par value; authorized, 50,000,000 shares; issued and outstanding 18,681,000 and 18,677,000 respectively		35,166			34,516
Accumulated other comprehensive loss		(5,561	)		(5,930	)
Retained Earnings		494,428			487,979
		524,033			516,565
	$	659,137		$	645,661

The accompanying notes are an integral part of these statements.

3

 J & J SNACK FOODS CORP. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF EARNINGS

(Unaudited)

(in thousands, except per share amounts)

	Three months ended
	December 28, 2013			December 29, 2012
Net Sales	$	203,523		$	191,408
Cost of goods sold(1)		143,617			137,273
Gross Profit		59,906			54,135
Operating expenses
Marketing (2)		18,032			17,136
Distribution (3)		16,120			15,400
Administrative (4)		6,984			6,599
Other general expense (income)		799			(61	)
		41,935			39,074
Operating Income		17,971			15,061
Other income (expense)
Investment income		1,138			776
Interest expense & other		(36	)		(25	)
Earnings before income taxes		19,073			15,812
Income taxes		6,647			5,586
NET EARNINGS	$	12,426		$	10,226
Earnings per diluted share	$	0.66		$	0.54
Weighted average number of diluted shares		18,793			18,870
Earnings per basic share	$	0.67		$	0.54
Weighted average number of basic shares		18,679			18,807

(1) Includes share-based compensation expense of $118 and $125 for the three months ended December 28, 2013 and December 29, 2012, respectively.

(2) Includes share-based compensation expense of $170 and $173 for the three months ended December 28, 2013 and December 29, 2012, respectively.

(3) Includes share-based compensation expense of $10 and $8 for the three months ended December 28, 2013 and December 29, 2012, respectively.

(4) Includes share-based compensation expense of $226 and $201 for the three months ended December 28, 2013 and December 29, 2012, respectively.

See accompanying notes to the consolidated financial statements

4

J&J SNACK FOODS CORP. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(Unaudited)

(in thousands)

	Three months ended
	December 28, 2013			December 29, 2012
Net Earnings	$	12,426		$	10,226
Foreign currency translation adjustments		(104	)		(123	)
Unrealized holding gain on marketable securities		212			18
Total Other Comprehensive Income(Loss), net of tax		108			(105	)
Comprehensive Income	$	12,534		$	10,121

All amounts are net of tax.

5

J & J SNACK FOODS CORP. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited) (in thousands)

	Three months ended
	December 28, 2013			December 29, 2012
Operating activities:
Net earnings	$	12,426		$	10,226
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation of fixed assets		7,688			6,790
Amortization of intangibles and deferred costs		1,252			1,197
Share-based compensation		524			507
Deferred income taxes		(59	)		15
Loss on sale of marketable securities		260			-
Other		(93	)		(2	)
Changes in assets and liabilities net of effects from purchase of companies
Decrease in accounts receivable		12,906			9,787
Increase in inventories		(5,140	)		(6,994	)
Increase in prepaid expenses		(358	)		(483	)
Increase (decrease) in accounts payable and accrued liabilities		1,872			(3,781	)
Net cash provided by operating activities		31,278			17,262
Investing activities:
Payment for purchases of of companies, net of cash acquired		(11,000	)		-
Purchases of property, plant and equipment		(9,317	)		(7,481	)
Purchases of marketable securities		(5,240	)		(80,002	)
Proceeds from redemption and sales of marketable securities		5,495			240
Proceeds from disposal of property and equipment		360			261
Other		(109	)		(37	)
Net cash used in investing activities		(19,811	)		(87,019	)
Financing activities:
Payments to repurchase common stock		-			(2,763	)
Proceeds from issuance of stock		120			1,700
Payments on capitalized lease obligations		(124	)		(88	)
Payment of cash dividend		(2,988	)		(3,004	)
Net cash used in financing activities		(2,992	)		(4,155	)
Effect of exchange rate on cash and cash equivalents		(71	)		(70	)
Net increase (decrease) in cash and cash equivalents		8,404			(73,982	)
Cash and cash equivalents at beginning of period		97,345			154,198
Cash and cash equivalents at end of period	$	105,749		$	80,216

See accompanying notes to the consolidated financial statements.

6

J & J SNACK FOODS CORP. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

(unaudited)

Note 1            In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments (consisting of only normal recurring adjustments) necessary to present fairly the financial position and the results of operations and cash flows. Certain prior year amounts have been reclassified to conform to the current period presentation. These reclassifications had no effect on reported net earnings.

The results of operations for the three months ended December 28, 2013 and December 29, 2012 are not necessarily indicative of results for the full year. Sales of our frozen beverages and frozen juice bars and ices are generally higher in the third and fourth quarters due to warmer weather.

While we believe that the disclosures presented are adequate to make the information not misleading, it is suggested that these consolidated financial statements be read in conjunction with the consolidated financial statements and the notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended September 28, 2013.

Note 2            We recognize revenue from our products when the products are shipped to our customers. Repair and maintenance equipment service revenue is recorded when it is performed provided the customer terms are that the customer is to be charged on a time and material basis or on a straight-line basis over the term of the contract when the customer has signed a service contract. Revenue is recognized only where persuasive evidence of an arrangement exists, our price is fixed or estimable and collectability is reasonably assured. We record offsets to revenue for allowances, end-user pricing adjustments, trade spending, coupon redemption costs and returned product. Customers generally do not have the right to return product unless it is damaged or defective. We provide an allowance for doubtful receivables after taking into consideration historical experience and other factors. The allowance for doubtful receivables was $854,000 and $854,000 at December 28, 2013 and September 28, 2013, respectively.

Note 3            Depreciation of equipment and buildings is provided for by the straight-line method over the assets’ estimated useful lives. Amortization of improvements is provided for by the straight-line method over the term of the lease or the assets’ estimated useful lives, whichever is shorter. Licenses and rights, customer relationships and non-compete agreements arising from acquisitions are amortized by the straight-line method over periods ranging from 3 to 20 years. Depreciation expense was $7,688,000 and $6,790,000 for the three months ended December 28, 2013 and December 29, 2012, respectively.

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Note 4            Basic earnings per common share (EPS) excludes dilution and is computed by dividing income available to common shareholders by the weighted average common shares outstanding during the period. Diluted EPS takes into consideration the potential dilution that could occur if securities (stock options) or other contracts to issue common stock were exercised and converted into common stock. Our calculation of EPS is as follows:

	Three Months Ended December 28, 2013
	Income (Numerator)		Shares (Denominator)		Per Share Amount
	(in thousands, except per share amounts)
Basic EPS
Net Earnings available to common stockholders	$	12,426		18,679	$	0.67
Effect of Dilutive Securities
Options		-		114		(0.01	)
Diluted EPS
Net Earnings available to common stockholders plus assumed conversions	$	12,426		18,793	$	0.66

	Three Months Ended December 29, 2012
	Income (Numerator)		Shares (Denominator)		Per Share Amount
	(in thousands, except per share amounts)
Basic EPS
Net Earnings available to common stockholders	$	10,226		18,807	$	0.54
Effect of Dilutive Securities
Options		-		63		-
Diluted EPS
Net Earnings available to common stockholders plus assumed conversions	$	10,226		18,870	$	0.54

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Note 5            At December 28, 2013, the Company has three stock-based employee compensation plans. Share-based compensation was recognized as follows:

	Three months ended
	December 28, 2013		December 29, 2012
	(in thousands, except per share amounts)
Stock Options	$	312	$	175
Stock purchase plan		129		92
Stock issued to outside directors		-		12
Restricted stock issued to an employee		4		4
	$	445	$	283
Per diluted share	$	0.02	$	0.01
The above compensation is net of tax benefits	$	79	$	224

The Company anticipates that share-based compensation will not exceed $1.7 million net of tax benefits, or approximately $.09 per share for the fiscal year ending September 27, 2014.

The fair value of each option grant is estimated on the date of grant using the Black-Scholes options-pricing model with the following weighted average assumptions used for grants in fiscal 2014 first three months: expected volatility of 20.6%; risk-free interest rate of 1.4%; dividend rate of .8% and expected lives of 5 years.

During the 2014 three month period, the Company granted 97,975 stock options. The weighted-average grant date fair value of these options was $15.21. During the 2013 three month period, the Company granted 1,100 stock options. The weighted-average grant date fair value of these options was $12.24.

Expected volatility is based on the historical volatility of the price of our common shares over the past 55 months for 5 year options and 10 years for 10 year options. We use historical information to estimate expected life and forfeitures within the valuation model. The expected term of awards represents the period of time that options granted are expected to be outstanding. The risk-free rate for periods within the expected life of the option is based on the U.S. Treasury yield curve in effect at the time of grant. Compensation cost is recognized using a straight-line method over the vesting or service period and is net of estimated forfeitures.

9

Note 6            We account for our income taxes under the liability method. Under the liability method, deferred tax assets and liabilities are determined based on the difference between the financial statement and tax bases of assets and liabilities as measured by the enacted tax rates that will be in effect when these differences reverse.  Deferred tax expense is the result of changes in deferred tax assets and liabilities.

Additionally, we recognize a liability for income taxes and associated penalties and interest for tax positions taken or expected to be taken in a tax return which are more likely than not to be overturned by taxing authorities (“uncertain tax positions”).  We have not recognized a tax benefit in our financial statements for these uncertain tax positions.

The total amount of gross unrecognized tax benefits is $429,000 and $438,000 on December 28, 2013 and September 28, 2013, respectively, all of which would impact our effective tax rate over time, if recognized. We recognize interest and penalties related to income tax matters as a part of the provision for income taxes. As of December 28, 2013 and September 28, 2013, respectively, the Company has $223,000 and $224,000 of accrued interest and penalties.

In addition to our federal tax return and tax returns for Mexico and Canada, we file tax returns in all states that have a corporate income tax with virtually all open for examination for three to four years.

Note 7            In February 2013, the FASB issued guidance which requires us to provide information about the amounts reclassified out of accumulated other comprehensive income by component. In addition, we are required to present, either on the face of the statement where net income is presented or in the notes, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income but only if the amount reclassified is required under U.S. GAAP to be reclassified to net income in its entirety in the same reporting period. For other amounts not required under U.S. GAAP to be reclassified in their entirety to net income, we are required to cross-reference to other disclosures required under U.S. GAAP that provide additional detail about those amounts. This guidance was effective for our fiscal year 2014 first quarter and its adoption did not have a material impact on our financial statements.

10

Note 8            Inventories consist of the following:

	December 28, 2013		September 28, 2013
	(unaudited)
	(in thousands)
Finished goods	$	37,075	$	33,013
Raw Materials		14,589		14,489
Packaging materials		6,311		5,937
Equipment parts & other		18,791		18,346
	$	76,766	$	71,785
The above inventories are net of reserves	$	4,652	$	4,449

Note 9            We principally sell our products to the food service and retail supermarket industries. Sales and results of our frozen beverages business are monitored separately from the balance of our food service business because of different distribution and capital requirements. We maintain separate and discrete financial information for the three operating segments mentioned above which is available to our Chief Operating Decision Makers.

We have applied no aggregation criteria to any of these operating segments in order to determine reportable segments. Our three reportable segments are Food Service, Retail Supermarkets and Frozen Beverages. All inter-segment net sales and expenses have been eliminated in computing net sales and operating income (loss). These segments are described below.

Food Service

The primary products sold by the food service group are soft pretzels, frozen juice treats and desserts, churros, dough enrobed handheld products and baked goods. Our customers in the food service industry include snack bars and food stands in chain, department and discount stores; malls and shopping centers; fast food outlets; stadiums and sports arenas; leisure and theme parks; convenience stores; movie theatres; warehouse club stores; schools, colleges and other institutions. Within the food service industry, our products are purchased by the consumer primarily for consumption at the point-of-sale.

Retail Supermarkets

The primary products sold by the retail supermarket segment are soft pretzel products – including SUPERPRETZEL, frozen juice treats and desserts including LUIGI’S Real Italian Ice, MINUTE MAID Juice Bars and Soft Frozen Lemonade, WHOLE FRUIT frozen fruit bars, WHOLE FRUIT Sorbet, ICEE Squeeze-Up Tubes, dough enrobed handheld products and TIO PEPE’S Churros. Within the retail supermarket channel, our frozen and prepackaged products are purchased by the consumer for consumption at home.

11

Frozen Beverages

We sell frozen beverages and related products to the food service industry primarily under the names ICEE, ARCTIC BLAST, SLUSH PUPPIE and PARROT ICE in the United States, Mexico and Canada. We also provide repair and maintenance service to customers for customers’ owned equipment.

The Chief Operating Decision Maker for Food Service and Retail Supermarkets and the Chief Operating Decision Maker for Frozen Beverages monthly review detailed operating income statements and sales reports in order to assess performance and allocate resources to each individual segment. In addition, the Chief Operating Decision Makers review and evaluate depreciation, capital spending and assets of each segment on a quarterly basis to monitor cash flow and asset needs of each segment. Information regarding the operations in these three reportable segments is as follows:

12

	Three months ended
	December 28, 2013			December 29, 2012
	(unaudited)
	(in thousands)
Sales to External Customers:
Food Service
Soft pretzels	$	39,308		$	32,594
Frozen juices and ices		8,229			7,527
Churros		13,951			13,807
Handhelds		6,404			6,314
Bakery		69,076			68,305
Other		1,812			1,640
	$	138,780		$	130,187
Retail Supermarket
Soft pretzels	$	8,915		$	8,578
Frozen juices and ices		6,423			6,470
Handhelds		5,287			6,313
Coupon redemption		(680	)		(789	)
Other		219			131
	$	20,164		$	20,703
Frozen Beverages
Beverages	$	25,189		$	25,297
Repair and maintenance service		13,609			11,842
Machines sales		5,523			3,048
Other		258			331
	$	44,579		$	40,518
Consolidated Sales	$	203,523		$	191,408
Depreciation and Amortization:
Food Service	$	5,139		$	4,509
Retail Supermarket		8			8
Frozen Beverages		3,793			3,470
	$	8,940		$	7,987
Operating Income :
Food Service	$	15,151		$	12,597
Retail Supermarket		1,964			1,570
Frozen Beverages		856			894
	$	17,971		$	15,061
Capital Expenditures:
Food Service	$	5,848		$	5,260
Retail Supermarket		-			-
Frozen Beverages		3,469			2,221
	$	9,317		$	7,481
Assets:
Food Service	$	502,756		$	460,524
Retail Supermarket		6,059			6,090
Frozen Beverages		150,322			139,624
	$	659,137		$	606,238

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Note 10          Our three reporting units, which are also reportable segments, are Food Service, Retail Supermarkets and Frozen Beverages.

The carrying amounts of acquired intangible assets for the Food Service, Retail Supermarkets and Frozen Beverage segments as of December 28, 2013 and September 28, 2013 are as follows:

14

	December 28, 2013				September 28, 2013
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
			(in thousands)
FOOD SERVICE
Indefinite lived intangible assets
Trade Names	$	13,072	$	-	$	12,880	$	-
Amortized intangible assets
Non compete agreements		592		486		545		478
Customer relationships		40,797		27,119		40,187		26,187
License and rights		3,606		2,637		3,606		2,614
	$	58,067	$	30,242	$	57,218	$	29,279
RETAIL SUPERMARKETS
Indefinite lived intangible assets
Trade Names	$	4,006	$	-	$	4,006	$	-
Amortized Intangible Assets
Customer relationships		279		70		279		62
	$	4,285	$	70	$	4,285	$	62
FROZEN BEVERAGES
Indefinite lived intangible assets
Trade Names	$	9,315	$	-	$	9,315	$	-
Amortized intangible assets
Non compete agreements		198		198		198		198
Customer relationships		6,478		4,984		6,478		4,830
Licenses and rights		1,601		732		1,601		714
	$	17,592	$	5,914	$	17,592	$	5,742
CONSOLIDATED	$	79,944	$	36,226	$	79,095	$	35,083

Amortized intangible assets are being amortized by the straight-line method over periods ranging from 3 to 20 years and amortization expense is reflected throughout operating expenses. Intangible assets of $849,000 were acquired in the food service segment in the New York Pretzel acquisition in the three months ended December 28, 2013. Aggregate amortization expense of intangible assets for the three months ended December 28, 2013 and December 29, 2012 was $1,143,000 and $1,119,000, respectively.

15

Estimated amortization expense for the next five fiscal years is approximately $4,500,000 in 2014 and 2015 and $4,200,000 in 2016, $1,800,000 in 2017 and $1,000,000 in 2018. The weighted average amortization period of the intangible assets is 10.1 years.

Goodwill

The carrying amounts of goodwill for the Food Service, Retail Supermarket and Frozen Beverage segments are as follows:

	Food		Retail		Frozen
	Service		Supermarket		Beverages		Total
	(in thousands)
Balance at December 28, 2013	$	46,831	$	1,844	$	35,940	$	84,615

Goodwill of $7,716,000 was acquired in the New York Pretzel acquisition in the three months ended December 28, 2013, all of which was allocated to the food service segment.

Note 11         We have classified our investment securities as marketable securities held to maturity and available for sale. The FASB defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability. As a basis for considering such assumptions, the FASB has established three levels of inputs that may be used to measure fair value:

Level 1 Observable input such as quoted prices in active markets for identical assets or liabilities;

Level 2 Observable inputs, other than Level 1 inputs in active markets, that are observable either directly or indirectly; and

Level 3 Unobservable inputs for which there is little or no market data, which require the reporting entity to develop its own assumptions.

Marketable securities held to maturity and available for sale values are derived solely from level 1 inputs.

16

The amortized cost, unrealized gains and losses, and fair market values of our investment securities held to maturity at December 28, 2013 are summarized as follows:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Market Value
			(in thousands)
US Government Agency Debt	$	2,000		-	$	71	$	1,929
	$	2,000	$	0	$	71	$	1,929

The amortized cost, unrealized gains and losses, and fair market values of our investment securities available for sale at December 28, 2013 are summarized as follows:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Market Value
	(in thousands)
Mutual Funds	$	109,630	$	447	$	2,201	$	107,876
	$	109,630	$	447	$	2,201	$	107,876

The mutual funds seek current income with an emphasis on maintaining low volatility and overall moderate duration. The funds do not have contractual maturities; however, we classify them as long term assets as it is our intent to hold them for a period of over one year, although we may sell some or all of them depending on presently unanticipated needs for liquidity or market conditions. The unrealized losses of $2,201,000 are spread over 21 funds with total fair market value of $71.4 million.

The amortized cost, unrealized gains and losses, and fair market values of our investment securities held to maturity at September 28, 2013 are summarized as follows:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Market Value
			(in thousands)
US Government Agency Debt	$	2,000	$	-	$	50	$	1,950
Certificates of Deposit		256		-		-		256
	$	2,256	$	-	$	50	$	2,206

17

The amortized cost, unrealized gains and losses, and fair market values of our investment securities available for sale at September 28, 2013 are summarized as follows:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Market Value
			(in thousands)
Mutual Funds	$	109,891	$	254	$	2,481	$	107,664
	$	109,891	$	254	$	2,481	$	107,664

The amortized cost and fair value of the Company’s held to maturity securities by contractual maturity at December 28, 2013 and September 28, 2013 are summarized as follows:

	December 28, 2013				September 28, 2013
	Amortized Cost		Fair Market Value		Amortized Cost		Fair Market Value
			(in thousands)
Due in one year or less	$	-	$	-	$	256	$	256
Due after one year through five years		-		-		-		-
Due after five years through ten years		2,000		1,929		2,000		1,950
Total held to maturity securities	$	2,000	$	1,929	$	2,256	$	2,206
Less current portion		-		-		256		256
Long term held to maturity securities	$	2,000	$	1,929	$	2,000	$	1,950

Proceeds from the redemption and sale of marketable securities were $5,495,000 and $240,000 in the three months ended December 28, 2013 and December 29, 2012, respectively, with a loss of $260,000 recorded in the three months ended December 28, 2013 and none last year. We use the specific identification method to determine the cost of securities sold.

Note 12          In June 2012, we acquired the assets of Kim & Scott’s Gourmet Pretzels, Inc., a manufacturer and seller of a premium brand soft pretzel. This business had sales of approximately $8 million over the prior twelve months to food service and retail supermarket customers and had sales of approximately $1.8 million in our 2012 fiscal year from the acquisition date.

18

In October 2013, we acquired the assets of New York Pretzel, a manufacturer and distributor of soft pretzels selling primarily in the northeast to foodservice and retail locations.  Of the purchase price of $11.8 million, $849,000 was allocated to intangible assets, $7,716,000 was allocated to goodwill and $3,049,000 was allocated to property, plant and equipment.    

These acquisitions were and will be accounted for under the purchase method of accounting, and their operations are and will be included in the consolidated financial statements from their respective acquisition dates.

The goodwill and intangible assets acquired in the business combinations are recorded at fair value. To measure fair value for such assets, we use techniques including discounted expected future cash flows (Level 3 input).

19

Note 13 Changes to the components of other comprehensive loss are as follows:

Three Months ended December 28, 2013

(unaudited)

(in thousands)

	Foreign Currency Translation Adjustments			Unrealized Holding Loss on Marketable Securities			Total
Beginning Balance	$	(3,703	)	$	(2,227	)	$	(5,930	)
Other comprehensive(loss)income before reclassifications		(104	)		212			108
Amounts reclassified from accumulated other comprehensive income		-			261			261
Ending Balance	$	(3,807	)	$	(1,754	)	$	(5,561	)

All amounts are net of tax.

Three Months ended December 29, 2012

(unaudited)

(in thousands)

	Foreign Currency Translation Adjustments			Unrealized Holding Loss on Marketable Securities		Total
Beginning Balance	$	(3,132	)	$	-	$	(3,132	)
Other comprehensive(loss)income before reclassifications		(123	)		18		(105	)
Amounts reclassified from accumulated other comprehensive income		-			-		-
Ending Balance	$	(3,255	)	$	18	$	(3,237	)

All amounts are net of tax.

20

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Liquidity and Capital Resources

Our current cash and cash equivalents balances and cash expected to be provided by future operations are our primary sources of liquidity. We believe that these sources, along with our borrowing capacity, are sufficient to fund future growth and expansion. See Note 11 to these financial statements for a discussion of our investment securities.

The Company’s Board of Directors declared a regular quarterly cash dividend of $.32 per share of its common stock payable on January 7, 2014, to shareholders of record as of the close of business on December 20, 2013.

In our fiscal year ended September 28, 2013, we purchased and retired 204,397 shares of our common stock at a cost of $14,500,215. We did not purchase any shares in the quarter ended December 28, 2013. On November 8, 2012 the Company’s Board of Directors authorized the purchase and retirement of an additional 500,000 shares of the Company’s common stock; 343,858 shares remain to be purchased under this authorization.

In the three months ended December 28, 2013 and December 29, 2012 fluctuations in the valuation of the Mexican and Canadian currencies and the resulting translation of the net assets of our Mexican and Canadian subsidiaries caused an increase of $104,000 in accumulated other comprehensive loss in the 2014 first quarter and an increase of $123,000 in accumulated other comprehensive loss in the 2013 first quarter.

Our general-purpose bank credit line which expires in December 2016 provides for up to a $50,000,000 revolving credit facility. The agreement contains restrictive covenants and requires commitment fees in accordance with standard banking practice. There were no outstanding balances under this facility at December 28, 2013.

Results of Operations

Net sales increased $12,115,000 or 6% to $203,523,000 for the three months ended December 28, 2013 compared to the three months ended December 29, 2012.

FOOD SERVICE

Sales to food service customers increased $8,593,000 or 7% in the first quarter to $138,780,000. Excluding sales resulting from the acquisition of New York Pretzel in October 2013, food service sales increased approximately 6% for the quarter. Soft pretzel sales to the food service market increased 21% to $39,308,000 in the first quarter due to increased sales to restaurant chains, warehouse club stores, school food service and throughout our customer base. Increased sales to one customer accounted for approximately 1/3 of the increase in pretzel sales in the quarter. Without New York Pretzel, pretzel sales increased about 19%. Frozen juices and ices sales increased 9% to $8,229,000 in the three months resulting from sales increases throughout our customer base. Churro sales to food service customers increased 1% to $13,951,000 in the first quarter which was net of a decline in sales of $764,000 to one restaurant chain which rolled out a churros product in the year ago period.

21

Sales of bakery products increased $771,000 or 1% in the first quarter to $69,076,000 as sales increases were spread throughout our customer base.

Sales of new products in the first twelve months since their introduction were approximately $2.5 million in this quarter. Price increases accounted for approximately $900,000 of sales in the quarter and net volume increases, including new product sales as defined above and sales resulting from the acquisition of New York Pretzel, accounted for approximately $7.7 million of sales in the quarter.

Operating income in our Food Service segment increased from $12,597,000 to $15,151,000 in the quarter. Operating income for the quarter benefited from increased sales volume, price increases and lower ingredient costs.

RETAIL SUPERMARKETS

Sales of products to retail supermarkets decreased $539,000 or 3% to $20,164,000 the first quarter. Soft pretzel sales for the first quarter were up 4% to $8,915,000 on a unit volume increase of 2-1/2% for the quarter. Sales of frozen juices and ices decreased $47,000 or less than 1% to $6,423,000 in the first quarter on a unit volume decrease of 4% in this quarter. Coupon redemption costs, a reduction of sales, decreased 14% or about $109,000 for the quarter. Handheld sales to retail supermarket customers decreased 16% to $5,287,000 in the quarter with sales increases and decreases throughout our customer base and with sales to one customer down $1.1 million who began buying product in the year ago period which has been unsuccessful.

Price increases accounted for approximately $700,000 of sales in the quarter and net volume decreases, net of decreased coupon costs, accounted for approximately $1.2 million of the sales decrease in this quarter. Operating income in our Retail Supermarkets segment increased from $1,570,000 to $1,964,000 in the quarter primarily because of lower coupon and advertising expenses.

22

FROZEN BEVERAGES

Frozen beverage and related product sales increased 10% to $44,579,000 in the first quarter. Beverage related sales alone were down less than 1% in the first quarter.   Gallon sales were down 3% for the three months. Service revenue increased 15% to $13,609,000 in the first quarter with sales increases and decreases spread throughout our customer base.

Sales of beverage machines, which tend to fluctuate from year to year while following no specific trend, were $2,475,000 or 81% higher in the three month period. The approximate number of company owned frozen beverage dispensers was 45,100 and 44,700 at December 28, 2013 and September 28, 2013, respectively. Operating income in our Frozen Beverage segment was $856,000 in this year’s quarter compared to $894,000 last year as higher operating expenses in this seasonally low period offset the benefits of increased sales.

CONSOLIDATED

Gross profit as a percentage of sales increased to 29.43% in the three month period from 28.28% last year. Higher volume in our food service segment was the primary reason for the improved gross profit margin.

Total operating expenses increased $2,861,000 in this quarter and as a percentage of sales increased from 20.4% percent to 20.6%. The increase in percentage was because of $800,000 of other general expenses this year for shutdown costs of our Norwalk, CA manufacturing facility. Marketing expenses were 9% of sales in both years’ quarter. Distribution expenses were 8% of sales in both years’ quarter. Administrative expenses were 3.43% of sales this year compared to 3.45% of sales last year.

Operating income increased $2,910,000 or 19% to $17,971,000 in the first quarter as a result of the aforementioned items.      

Investment income increased by $362,000 in the quarter due primarily to increased investments of marketable securities. We have invested $107.8 million in mutual funds that seek current income with an emphasis on maintaining low volatility and overall moderate duration. We estimate the annual yield from these funds to approximate 3.5 – 3.75%.

The effective income tax rate has been estimated at 35% for both years’ quarter. We are estimating an effective income tax rate of approximately 36% for the year.  The first quarter benefitted from a reduction of tax expense because of changes in estimates related to a prior year.

Net earnings increased $2,200,000 or 22% in the current three month period to $12,246,000 as a result of the aforementioned items.

There are many factors which can impact our net earnings from year to year and in the long run, among which are the supply and cost of raw materials and labor, insurance costs, factors impacting sales as noted above, the continuing consolidation of our customers, our ability to manage our manufacturing, marketing and distribution activities, our ability to make and integrate acquisitions and changes in tax laws and interest rates.

23

Item 3. Quantitative and Qualitative Disclosures About Market Risk

There has been no material change in the Company’s assessment of its sensitivity to market risk since its presentation set forth, in item 7a. “Quantitative and Qualitative Disclosures About Market Risk,” in its 2013 annual report on Form 10-K filed with the SEC.

Item 4. Controls and Procedures

The Chief Executive Officer and the Chief Financial Officer of the Company (its principal executive officer and principal financial officer, respectively) have concluded, based on their evaluation as of December 28, 2013, that the Company’s disclosure controls and procedures are effective to ensure that information required to be disclosed by the Company in the reports filed or submitted by it under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, and include controls and procedures designed to ensure that information required to be disclosed by the Company in such reports is accumulated and communicated to the Company’s management, including the Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.

There has been no change in the Company’s internal control over financial reporting during the quarter ended December 28, 2013, that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

PART II. OTHER INFORMATION

Item 6. Exhibits

Exhibit No.

31.1 31.2	&	Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
99.5 99.6	&	Certification Pursuant to the 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101		The following financial information from J&J Snack Foods Corp.'s Quarterly Report on Form 10-Q for the quarter ended December 28, 2013, formatted in XBRL (eXtensible Business Reporting Language):
		(i)	Consolidated Balance Sheets,
		(ii)	Consolidated Statements of Earnings,
		(iii)	Consolidated Statements of Comprehensive Income,
		(iv)	Consolidated Statements of Cash Flows and
		(v)	the Notes to the Consolidated Financial Statements

24

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	J & J SNACK FOODS CORP.
Dated: January 27, 2014	/s/ Gerald B. Shreiber
	Gerald B. Shreiber
	Chairman of the Board,
	President, Chief Executive
	Officer and Director
	(Principal Executive Officer)
Dated: January 27, 2014	/s/ Dennis G. Moore
	Dennis G. Moore, Senior Vice
	President, Chief Financial
	Officer and Director
	(Principal Financial Officer)
	(Principal Accounting Officer)

25

EX-31

Exhibit 31.1

CERTIFICATION PURSUANT TO

SECTION 302

OF THE SARBANES-OXLEY ACT OF 2002

I, Dennis G. Moore, certify that:

1.            I have reviewed this report on Form 10-Q of J & J Snack Foods Corp.;

2.            Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.            Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.            The registrant’s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal controls and procedures for financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a)             designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b)             designed such internal controls and procedures for financial reporting, or caused such internal controls over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c)             evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d)             disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s first fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.            The registrant’s other certifying officers and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

a)             all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b)             any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal controls over financial reporting.

Date: January 27, 2014

/s/ Dennis G. Moore

Dennis G. Moore, Senior Vice

President, Chief Financial

Officer and Director

(Principal Financial Officer)

(Principal Accounting Officer)

EX-31

Exhibit 31.2

CERTIFICATION PURSUANT TO

SECTION 302

OF THE SARBANES-OXLEY ACT OF 2002

I, Gerald B. Shreiber, certify that:

1.            I have reviewed this report on Form 10-Q of J & J Snack Foods Corp.;

2.            Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.            Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.            The registrant’s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal controls and procedures for financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a)             designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b)             designed such internal controls and procedures for financial reporting, or caused such internal controls over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c)             evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d)             disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s first fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.            The registrant’s other certifying officers and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

a)             all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b)             any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal controls over financial reporting.

Date: January 27, 2014

/s/ Gerald B. Shreiber

Gerald B. Shreiber

Chairman of the Board,

President, Chief Executive

Officer and Director

(Principal Executive Officer)

EX-99

Exhibit 99.5

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Section 1350 of Chapter 63 of Title 18 of the United States Code), each of the undersigned officers of J & J Snack Foods Corp. (the “Company”), does hereby certify with respect to the Quarterly Report of the Company on Form 10-Q for the quarter ended December 28, 2013 (the “Report”) that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Dated: January 27, 2014

/s/ Dennis G. Moore

Dennis G. Moore, Senior Vice

President, Chief Financial

Officer and Director

(Principal Financial Officer)

(Principal Accounting Officer)

The foregoing certification is being furnished solely pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Section 1350 of Chapter 63 of Title 18 of the United States Code) and is not being filed as part of the Report or as a separate disclosure document.

EX-99

Exhibit 99.6

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Section 1350 of Chapter 63 of Title 18 of the United States Code), each of the undersigned officers of J & J Snack Foods Corp. (the “Company”), does hereby certify with respect to the Quarterly Report of the Company on Form 10-Q for the quarter ended December 28, 2013 (the “Report”) that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Dated: January 27, 2014

/s/ Gerald B. Shreiber

Gerald B. Shreiber

Chairman of the Board,

President, Chief Executive

Officer and Director

(Principal Executive Officer)

The foregoing certification is being furnished solely pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Section 1350 of Chapter 63 of Title 18 of the United States Code) and is not being filed as part of the Report or as a separate disclosure document.

XML

Note 10 (Details) - Goodwill by Reporting Segment (USD $) In Thousands, unless otherwise specified	Dec. 28, 2013
Goodwill [Line Items]
Balance at December 28, 2013	$ 84,615
Food Service [Member]
Goodwill [Line Items]
Balance at December 28, 2013	46,831
Retail Supermarket [Member]
Goodwill [Line Items]
Balance at December 28, 2013	1,844
Frozen Beverages [Member]
Goodwill [Line Items]
Balance at December 28, 2013	$ 35,940

XML

Note 6 (Details) (USD $)	Dec. 28, 2013	Sep. 28, 2013
Income Tax Disclosure [Abstract]
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	$ 429,000	$ 438,000
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	$ 223,000	$ 224,000

XML

Note 10 (Tables)

3 Months Ended

Dec. 28, 2013

Disclosure Text Block [Abstract]

Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block]

	December 28, 2013				September 28, 2013
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
			(in thousands)
FOOD SERVICE
Indefinite lived intangible assets
Trade Names	$	13,072	$	-	$	12,880	$	-
Amortized intangible assets
Non compete agreements		592		486		545		478
Customer relationships		40,797		27,119		40,187		26,187
License and rights		3,606		2,637		3,606		2,614
	$	58,067	$	30,242	$	57,218	$	29,279
RETAIL SUPERMARKETS
Indefinite lived intangible assets
Trade Names	$	4,006	$	-	$	4,006	$	-
Amortized Intangible Assets
Customer relationships		279		70		279		62
	$	4,285	$	70	$	4,285	$	62
FROZEN BEVERAGES
Indefinite lived intangible assets
Trade Names	$	9,315	$	-	$	9,315	$	-
Amortized intangible assets
Non compete agreements		198		198		198		198
Customer relationships		6,478		4,984		6,478		4,830
Licenses and rights		1,601		732		1,601		714
	$	17,592	$	5,914	$	17,592	$	5,742
CONSOLIDATED	$	79,944	$	36,226	$	79,095	$	35,083

Schedule of Goodwill [Table Text Block]

	Food		Retail		Frozen
	Service		Supermarket		Beverages		Total
	(in thousands)
Balance at December 28, 2013	$	46,831	$	1,844	$	35,940	$	84,615

XML

Note 11 (Details) - Held to Maturity Securities by Contractual Maturity (USD $) In Thousands, unless otherwise specified	Dec. 28, 2013	Sep. 28, 2013
Held to Maturity Securities by Contractual Maturity [Abstract]
Due in one year or less		$ 256
Due in one year or less		256
Due after one year through five years		0
Due after one year through five years		0
Due after five years through ten years	2,000	2,000
Due after five years through ten years	1,929	1,950
Total held to maturity securities	2,000	2,256
Total held to maturity securities	1,929	2,206
Less current portion		256
Less current portion		256
Long term held to maturity securities	2,000	2,000
Long term held to maturity securities	$ 1,929	$ 1,950

XML

Note 10 (Details) (USD $)	3 Months Ended		1 Months Ended	3 Months Ended
	Dec. 28, 2013	Dec. 29, 2012	Oct. 31, 2013 New York Pretzel [Member]	Dec. 28, 2013 New York Pretzel [Member]	Dec. 28, 2013 Minimum [Member]	Dec. 28, 2013 Maximum [Member]
Note 10 (Details) [Line Items]
Number of Reportable Segments	3
Finite-Lived Intangible Asset, Useful Life					3 years	20 years
Indefinite-lived Intangible Assets Acquired				$ 849,000
Amortization of Intangible Assets	1,143,000	1,119,000
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months	4,500,000
Finite-Lived Intangible Assets, Amortization Expense, Year Three	4,200,000
Finite-Lived Intangible Assets, Amortization Expense, Year Four	1,800,000
Finite-Lived Intangible Assets, Amortization Expense, Year Five	1,000,000
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	10 years 36 days
Goodwill, Acquired During Period			$ 7,716,000	$ 7,716,000

XML

Note 2

3 Months Ended

Dec. 28, 2013

Policy Text Block [Abstract]

Revenue Recognition, Policy [Policy Text Block]

Note 2            We recognize revenue from our products when the products are shipped to our customers. Repair and maintenance equipment service revenue is recorded when it is performed provided the customer terms are that the customer is to be charged on a time and material basis or on a straight-line basis over the term of the contract when the customer has signed a service contract. Revenue is recognized only where persuasive evidence of an arrangement exists, our price is fixed or estimable and collectability is reasonably assured. We record offsets to revenue for allowances, end-user pricing adjustments, trade spending, coupon redemption costs and returned product. Customers generally do not have the right to return product unless it is damaged or defective. We provide an allowance for doubtful receivables after taking into consideration historical experience and other factors. The allowance for doubtful receivables was $854,000 and $854,000 at December 28, 2013 and September 28, 2013, respectively.

XML

Note 12 (Details) (USD $)	12 Months Ended		1 Months Ended	3 Months Ended
	Sep. 29, 2012 Kim and Scott's [Member]	Sep. 24, 2011 Kim and Scott's [Member]	Oct. 31, 2013 New York Pretzel [Member]	Dec. 28, 2013 New York Pretzel [Member]
Note 12 (Details) [Line Items]
Business Acquisition, Revenue Reported by Acquired Entity for Last Annual Period		$ 8,000,000
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual	1,800,000
Business Combination, Consideration Transferred			11,800,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill			849,000
Goodwill, Acquired During Period			7,716,000	7,716,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment			$ 3,049,000

XML

Note 3 (Details) (USD $)	3 Months Ended
	Dec. 28, 2013	Dec. 29, 2012
Note 3 (Details) [Line Items]
Depreciation (in Dollars)	$ 7,688,000	$ 6,790,000
Minimum [Member]
Note 3 (Details) [Line Items]
Finite-Lived Intangible Asset, Useful Life	3 years
Maximum [Member]
Note 3 (Details) [Line Items]
Finite-Lived Intangible Asset, Useful Life	20 years

XML

Note 2 (Details) (USD $)	Dec. 28, 2013	Sep. 28, 2013
Policy Text Block [Abstract]
Allowance for Doubtful Accounts Receivable	$ 854,000	$ 854,000

XML

Note 13 (Details) - Changes to the Components of Other Comprehensive Loss (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Dec. 28, 2013	Dec. 29, 2012
Changes to the Components of Other Comprehensive Loss [Abstract]
Beginning Balance	$ (3,703)	$ (3,132)
Beginning Balance	(2,227)
Beginning Balance	(5,930)	(3,132)
Other comprehensive income (loss) before reclassifications	(104)	(123)
Other comprehensive income (loss) before reclassifications	212	18
Other comprehensive income (loss) before reclassifications	108	(105)
Amounts reclassified from accumulated other comprehensive income	261
Amounts reclassified from accumulated other comprehensive income	261
Ending Balance	(3,807)	(3,255)
Ending Balance	(1,754)	18
Ending Balance	$ (5,561)	$ (3,237)

XML

Note 4 (Details) - Calculation of EPS (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended
	Dec. 28, 2013	Dec. 29, 2012
Basic EPS
Net Earnings available to common stockholders (in Dollars)	$ 12,426	$ 10,226
Net Earnings available to common stockholders	18,679	18,807
Net Earnings available to common stockholders (in Dollars per share)	$ 0.67	$ 0.54
Effect of Dilutive Securities
Options	114	63
Options (in Dollars per share)	$ (0.01)
Diluted EPS
Net Earnings available to common stockholders plus assumed conversions (in Dollars)	$ 12,426	$ 10,226
Net Earnings available to common stockholders plus assumed conversions	18,793	18,870
Net Earnings available to common stockholders plus assumed conversions (in Dollars per share)	$ 0.66	$ 0.54

XML

Note 5 (Details) (USD $) In Millions, except Share data, unless otherwise specified	3 Months Ended
	Dec. 28, 2013	Dec. 29, 2012
Note 5 (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	20.60%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	1.40%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate	0.80%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	5 years
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in Shares)	97,975	1,100
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value (in Dollars per share)	$ 15.21	$ 12.24
Scenario, Forecast [Member]
Note 5 (Details) [Line Items]
Anticipated Share Based Compensation Net Of Tax Benefits (in Dollars)	$ 1.7
Anticipated Share Based Compensation Per Share (in Dollars per share)	$ 0.09
5 year options [Member]
Note 5 (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Volatility Calculation, Term	55 months
10 year options [Member]
Note 5 (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Volatility Calculation, Term	10 months

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Note 1

3 Months Ended

Dec. 28, 2013

Disclosure Text Block [Abstract]

Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]

Note 1            In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments (consisting of only normal recurring adjustments) necessary to present fairly the financial position and the results of operations and cash flows. Certain prior year amounts have been reclassified to conform to the current period presentation. These reclassifications had no effect on reported net earnings.

The results of operations for the three months ended December 28, 2013 and December 29, 2012 are not necessarily indicative of results for the full year. Sales of our frozen beverages and frozen juice bars and ices are generally higher in the third and fourth quarters due to warmer weather.

While we believe that the disclosures presented are adequate to make the information not misleading, it is suggested that these consolidated financial statements be read in conjunction with the consolidated financial statements and the notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended September 28, 2013.

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Note 5 (Details) - Share-based Compensation (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended
	Dec. 28, 2013	Dec. 29, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation by plans	$ 445	$ 283
Per diluted share (in Dollars per share)	$ 0.02	$ 0.01
The above compensation is net of tax benefits	79	224
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation by plans	312	175
Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation by plans	129	92
Stock Issued to Outside Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation by plans		12
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation by plans	$ 4	$ 4

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Note 11 (Details) (USD $)	3 Months Ended
	Dec. 28, 2013	Dec. 29, 2012
Note 11 (Details) [Line Items]
Proceeds from Sale and Maturity of Marketable Securities	$ 5,495,000	$ 240,000
Marketable Securities, Gain (Loss)	(260,000)
Mutual Funds [Member]
Note 11 (Details) [Line Items]
Unrealized Gain (Loss) on Securities	2,201,000
Marketable Securities	$ 71,400,000

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Consolidated Balance Sheets (Current Period Unaudited) (USD $) In Thousands, unless otherwise specified	Dec. 28, 2013	Sep. 28, 2013
Current assets
Cash and cash equivalents	$ 105,749	$ 97,345
Marketable securities held to maturity		256
Accounts receivable, net	74,620	87,545
Inventories, net	76,766	71,785
Prepaid expenses and other	3,644	3,284
Deferred income taxes	4,569	4,502
Total current assets	265,348	264,717
Property, plant and equipment, at cost
Property, plant and equipment, at cost	515,593	510,442
Less accumulated depreciation and amortization	363,508	363,278
	152,085	147,164
Other assets
Goodwill	84,615	76,899
Other intangible assets, net	43,718	44,012
Marketable securities held to maturity	2,000	2,000
Marketable securities available for sale	107,876	107,664
Other	3,495	3,205
	241,704	233,780
	659,137	645,661
Current Liabilities
Current obligations under capital leases	265	211
Accounts payable	51,011	50,906
Accrued insurance liability	9,844	9,954
Accrued income taxes	7,768	1,740
Accrued liabilities	3,995	3,769
Accrued compensation expense	10,057	13,671
Dividends payable	5,978	2,988
Total current liabilities	88,918	83,239
Long-term obligations under capital leases	458	136
Deferred income taxes	45,193	45,183
Other long-term liabilities	535	538
Stockholders' Equity
Preferred stock, $1 par value; authorized 10,000,000 shares; none issued	0	0
Common stock, no par value; authorized, 50,000,000 shares; issued and outstanding 18,681,000 and 18,677,000 respectively	35,166	34,516
Accumulated other comprehensive loss	(5,561)	(5,930)
Retained Earnings	494,428	487,979
	524,033	516,565
	659,137	645,661
Land [Member]
Property, plant and equipment, at cost
Property, plant and equipment, at cost	2,496	2,496
Building [Member]
Property, plant and equipment, at cost
Property, plant and equipment, at cost	26,741	26,741
Plant Machinery and Equipment [Member]
Property, plant and equipment, at cost
Property, plant and equipment, at cost	183,867	179,331
Marketing Equipment [Member]
Property, plant and equipment, at cost
Property, plant and equipment, at cost	246,542	244,770
Transportation Equipment [Member]
Property, plant and equipment, at cost
Property, plant and equipment, at cost	6,688	5,953
Office Equipment [Member]
Property, plant and equipment, at cost
Property, plant and equipment, at cost	17,496	16,282
Improvements [Member]
Property, plant and equipment, at cost
Property, plant and equipment, at cost	25,561	24,917
Construction in Progress [Member]
Property, plant and equipment, at cost
Property, plant and equipment, at cost	$ 6,202	$ 9,952

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Consolidated Statements of Comprehensive Income (Unaudited) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Dec. 28, 2013	Dec. 29, 2012
Net Earnings	$ 12,426	$ 10,226
Foreign currency translation adjustments	(104)	(123)
Unrealized holding gain on marketable securities	212	18
Total Other Comprehensive Income(Loss), net of tax	108	(105)
Comprehensive Income	$ 12,534	$ 10,121

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Note 9 (Details)	3 Months Ended
	Dec. 28, 2013
Segment Reporting [Abstract]
Number of Operating Segments	3
Number of Reportable Segments	3

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Note 5 (Tables)

3 Months Ended

Dec. 28, 2013

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]

	Three months ended
	December 28, 2013		December 29, 2012
	(in thousands, except per share amounts)
Stock Options	$	312	$	175
Stock purchase plan		129		92
Stock issued to outside directors		-		12
Restricted stock issued to an employee		4		4
	$	445	$	283
Per diluted share	$	0.02	$	0.01
The above compensation is net of tax benefits	$	79	$	224

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Note 9 (Details) - Reportable Segments Operations Information (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Dec. 28, 2013	Dec. 29, 2012	Sep. 28, 2013
Segment Reporting Information [Line Items]
Sales to External Customers	$ 203,523	$ 191,408
Depreciation and Amortization	8,940	7,987
Operating Income (Loss)	17,971	15,061
Capital Expenditures	9,317	7,481
Assets	659,137	606,238	645,661
Soft Pretzels [Member] | Food Service [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	39,308	32,594
Soft Pretzels [Member] | Retail Supermarket [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	8,915	8,578
Frozen Juices And Ices [Member] | Food Service [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	8,229	7,527
Frozen Juices And Ices [Member] | Retail Supermarket [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	6,423	6,470
Churros [Member] | Food Service [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	13,951	13,807
Handhelds [Member] | Food Service [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	6,404	6,314
Handhelds [Member] | Retail Supermarket [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	5,287	6,313
Bakery [Member] | Food Service [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	69,076	68,305
Other [Member] | Food Service [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	1,812	1,640
Other [Member] | Retail Supermarket [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	219	131
Other [Member] | Frozen Beverages [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	258	331
Coupon Redemtion [Member] | Retail Supermarket [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	(680)	(789)
Beverages [Member] | Frozen Beverages [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	25,189	25,297
Repair And Maintenance Service [Member] | Frozen Beverages [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	13,609	11,842
Machines Sales [Member] | Frozen Beverages [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	5,523	3,048
Food Service [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	138,780	130,187
Depreciation and Amortization	5,139	4,509
Operating Income (Loss)	15,151	12,597
Capital Expenditures	5,848	5,260
Assets	502,756	460,524
Retail Supermarket [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	20,164	20,703
Depreciation and Amortization	8	8
Operating Income (Loss)	1,964	1,570
Assets	6,059	6,090
Frozen Beverages [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	44,579	40,518
Depreciation and Amortization	3,793	3,470
Operating Income (Loss)	856	894
Capital Expenditures	3,469	2,221
Assets	$ 150,322	$ 139,624

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Note 9 (Tables)

3 Months Ended

Dec. 28, 2013

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

	Three months ended
	December 28, 2013			December 29, 2012
	(unaudited)
	(in thousands)
Sales to External Customers:
Food Service
Soft pretzels	$	39,308		$	32,594
Frozen juices and ices		8,229			7,527
Churros		13,951			13,807
Handhelds		6,404			6,314
Bakery		69,076			68,305
Other		1,812			1,640
	$	138,780		$	130,187
Retail Supermarket
Soft pretzels	$	8,915		$	8,578
Frozen juices and ices		6,423			6,470
Handhelds		5,287			6,313
Coupon redemption		(680	)		(789	)
Other		219			131
	$	20,164		$	20,703
Frozen Beverages
Beverages	$	25,189		$	25,297
Repair and maintenance service		13,609			11,842
Machines sales		5,523			3,048
Other		258			331
	$	44,579		$	40,518
Consolidated Sales	$	203,523		$	191,408
Depreciation and Amortization:
Food Service	$	5,139		$	4,509
Retail Supermarket		8			8
Frozen Beverages		3,793			3,470
	$	8,940		$	7,987
Operating Income :
Food Service	$	15,151		$	12,597
Retail Supermarket		1,964			1,570
Frozen Beverages		856			894
	$	17,971		$	15,061
Capital Expenditures:
Food Service	$	5,848		$	5,260
Retail Supermarket		-			-
Frozen Beverages		3,469			2,221
	$	9,317		$	7,481
Assets:
Food Service	$	502,756		$	460,524
Retail Supermarket		6,059			6,090
Frozen Beverages		150,322			139,624
	$	659,137		$	606,238

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Consolidated Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
	Dec. 28, 2013	Dec. 29, 2012
Operating activities:
Net earnings	$ 12,426,000	$ 10,226,000
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation of fixed assets	7,688,000	6,790,000
Amortization of intangibles and deferred costs	1,252,000	1,197,000
Share-based compensation	524,000	507,000
Deferred income taxes	(59,000)	15,000
Loss on sale of marketable securities	260,000
Other	(93,000)	(2,000)
Changes in assets and liabilities net of effects from purchase of companies
Decrease in accounts receivable	12,906,000	9,787,000
Increase in inventories	(5,140,000)	(6,994,000)
Increase in prepaid expenses	(358,000)	(483,000)
Increase (decrease) in accounts payable and accrued liabilities	1,872,000	(3,781,000)
Net cash provided by operating activities	31,278,000	17,262,000
Investing activities:
Payment for purchases of of companies, net of cash acquired	(11,000,000)
Purchases of property, plant and equipment	(9,317,000)	(7,481,000)
Purchases of marketable securities	(5,240,000)	(80,002,000)
Proceeds from redemption and sales of marketable securities	5,495,000	240,000
Proceeds from disposal of property and equipment	360,000	261,000
Other	(109,000)	(37,000)
Net cash used in investing activities	(19,811,000)	(87,019,000)
Financing activities:
Payments to repurchase common stock		(2,763,000)
Proceeds from issuance of stock	120,000	1,700,000
Payments on capitalized lease obligations	(124,000)	(88,000)
Payment of cash dividend	(2,988,000)	(3,004,000)
Net cash used in financing activities	(2,992,000)	(4,155,000)
Effect of exchange rate on cash and cash equivalents	(71,000)	(70,000)
Net increase (decrease) in cash and cash equivalents	8,404,000	(73,982,000)
Cash and cash equivalents at beginning of period	97,345,000	154,198,000
Cash and cash equivalents at end of period	$ 105,749,000	$ 80,216,000

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Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) (USD $)	Dec. 28, 2013	Sep. 28, 2013
Preferred, par value (in Dollars per share)	$ 1	$ 1
Preferred, shares authorized	10,000,000	10,000,000
Preferred, shares issued	0	0
Common, par value (in Dollars per share)	$ 0	$ 0
Common, shares authorized	50,000,000	50,000,000
Common, shares issued	18,681,000	18,677,000
Common, shares outstanding	18,681,000	18,677,000

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Note 10

3 Months Ended

Dec. 28, 2013

Disclosure Text Block [Abstract]

Intangible Assets Disclosure [Text Block]

Note 10          Our three reporting units, which are also reportable segments, are Food Service, Retail Supermarkets and Frozen Beverages.

The carrying amounts of acquired intangible assets for the Food Service, Retail Supermarkets and Frozen Beverage segments as of December 28, 2013 and September 28, 2013 are as follows:

	December 28, 2013				September 28, 2013
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
			(in thousands)
FOOD SERVICE
Indefinite lived intangible assets
Trade Names	$	13,072	$	-	$	12,880	$	-
Amortized intangible assets
Non compete agreements		592		486		545		478
Customer relationships		40,797		27,119		40,187		26,187
License and rights		3,606		2,637		3,606		2,614
	$	58,067	$	30,242	$	57,218	$	29,279
RETAIL SUPERMARKETS
Indefinite lived intangible assets
Trade Names	$	4,006	$	-	$	4,006	$	-
Amortized Intangible Assets
Customer relationships		279		70		279		62
	$	4,285	$	70	$	4,285	$	62
FROZEN BEVERAGES
Indefinite lived intangible assets
Trade Names	$	9,315	$	-	$	9,315	$	-
Amortized intangible assets
Non compete agreements		198		198		198		198
Customer relationships		6,478		4,984		6,478		4,830
Licenses and rights		1,601		732		1,601		714
	$	17,592	$	5,914	$	17,592	$	5,742
CONSOLIDATED	$	79,944	$	36,226	$	79,095	$	35,083

Amortized intangible assets are being amortized by the straight-line method over periods ranging from 3 to 20 years and amortization expense is reflected throughout operating expenses. Intangible assets of $849,000 were acquired in the food service segment in the New York Pretzel acquisition in the three months ended December 28, 2013. Aggregate amortization expense of intangible assets for the three months ended December 28, 2013 and December 29, 2012 was $1,143,000 and $1,119,000, respectively.

Estimated amortization expense for the next five fiscal years is approximately $4,500,000 in 2014 and 2015 and $4,200,000 in 2016, $1,800,000 in 2017 and $1,000,000 in 2018. The weighted average amortization period of the intangible assets is 10.1 years.

Goodwill

The carrying amounts of goodwill for the Food Service, Retail Supermarket and Frozen Beverage segments are as follows:

	Food		Retail		Frozen
	Service		Supermarket		Beverages		Total
	(in thousands)
Balance at December 28, 2013	$	46,831	$	1,844	$	35,940	$	84,615

Goodwill of $7,716,000 was acquired in the New York Pretzel acquisition in the three months ended December 28, 2013, all of which was allocated to the food service segment.

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Document And Entity Information	3 Months Ended
	Dec. 28, 2013	Jan. 20, 2014
Document and Entity Information [Abstract]
Entity Registrant Name	J&J SNACK FOODS CORP
Document Type	10-Q
Current Fiscal Year End Date	--09-27
Entity Common Stock, Shares Outstanding		18,690,646
Amendment Flag	false
Entity Central Index Key	0000785956
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Large Accelerated Filer
Entity Well-known Seasoned Issuer	Yes
Document Period End Date	Dec. 28, 2013
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q1

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Note 11

3 Months Ended

Dec. 28, 2013

Fair Value Disclosures [Abstract]

Fair Value Disclosures [Text Block]

Note 11         We have classified our investment securities as marketable securities held to maturity and available for sale. The FASB defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability. As a basis for considering such assumptions, the FASB has established three levels of inputs that may be used to measure fair value:

Level 1 Observable input such as quoted prices in active markets for identical assets or liabilities;

Level 2 Observable inputs, other than Level 1 inputs in active markets, that are observable either directly or indirectly; and

Level 3 Unobservable inputs for which there is little or no market data, which require the reporting entity to develop its own assumptions.

Marketable securities held to maturity and available for sale values are derived solely from level 1 inputs.

The amortized cost, unrealized gains and losses, and fair market values of our investment securities held to maturity at December 28, 2013 are summarized as follows:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Market Value
			(in thousands)
US Government Agency Debt	$	2,000		-	$	71	$	1,929
	$	2,000	$	0	$	71	$	1,929

The amortized cost, unrealized gains and losses, and fair market values of our investment securities available for sale at December 28, 2013 are summarized as follows:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Market Value
	(in thousands)
Mutual Funds	$	109,630	$	447	$	2,201	$	107,876
	$	109,630	$	447	$	2,201	$	107,876

The mutual funds seek current income with an emphasis on maintaining low volatility and overall moderate duration. The funds do not have contractual maturities; however, we classify them as long term assets as it is our intent to hold them for a period of over one year, although we may sell some or all of them depending on presently unanticipated needs for liquidity or market conditions. The unrealized losses of $2,201,000 are spread over 21 funds with total fair market value of $71.4 million.

The amortized cost, unrealized gains and losses, and fair market values of our investment securities held to maturity at September 28, 2013 are summarized as follows:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Market Value
			(in thousands)
US Government Agency Debt	$	2,000	$	-	$	50	$	1,950
Certificates of Deposit		256		-		-		256
	$	2,256	$	-	$	50	$	2,206

The amortized cost, unrealized gains and losses, and fair market values of our investment securities available for sale at September 28, 2013 are summarized as follows:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Market Value
			(in thousands)
Mutual Funds	$	109,891	$	254	$	2,481	$	107,664
	$	109,891	$	254	$	2,481	$	107,664

The amortized cost and fair value of the Company’s held to maturity securities by contractual maturity at December 28, 2013 and September 28, 2013 are summarized as follows:

	December 28, 2013				September 28, 2013
	Amortized Cost		Fair Market Value		Amortized Cost		Fair Market Value
			(in thousands)
Due in one year or less	$	-	$	-	$	256	$	256
Due after one year through five years		-		-		-		-
Due after five years through ten years		2,000		1,929		2,000		1,950
Total held to maturity securities	$	2,000	$	1,929	$	2,256	$	2,206
Less current portion		-		-		256		256
Long term held to maturity securities	$	2,000	$	1,929	$	2,000	$	1,950

Proceeds from the redemption and sale of marketable securities were $5,495,000 and $240,000 in the three months ended December 28, 2013 and December 29, 2012, respectively, with a loss of $260,000 recorded in the three months ended December 28, 2013 and none last year. We use the specific identification method to determine the cost of securities sold.

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Consolidated Statements of Earnings (Unaudited) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended
	Dec. 28, 2013		Dec. 29, 2012
Net Sales	$ 203,523		$ 191,408
Cost of goods sold(1)	143,617	[1]	137,273	[1]
Gross Profit	59,906		54,135
Operating expenses
Marketing (2)	18,032	[2]	17,136	[2]
Distribution (3)	16,120	[3]	15,400	[3]
Administrative (4)	6,984	[4]	6,599	[4]
Other general expense (income)	799		(61)
	41,935		39,074
Operating Income	17,971		15,061
Investment income	1,138		776
Interest expense & other	(36)		(25)
Earnings before income taxes	19,073		15,812
Income taxes	6,647		5,586
NET EARNINGS	$ 12,426		$ 10,226
Earnings per diluted share (in Dollars per share)	$ 0.66		$ 0.54
Weighted average number of diluted shares (in Shares)	18,793		18,870
Earnings per basic share (in Dollars per share)	$ 0.67		$ 0.54
Weighted average number of basic shares (in Shares)	18,679		18,807

[1] Includes share-based compensation expense of $118 and $125 for the three months ended December 28, 2013 and December 29, 2012, respectively.

[2] Includes share-based compensation expense of $170 and $173 for the three months ended December 28, 2013 and December 29, 2012, respectively.

[3] Includes share-based compensation expense of $10 and $8 for the three months ended December 28, 2013 and December 29, 2012, respectively.

[4] Includes share-based compensation expense of $226 and $201 for the three months ended December 28, 2013 and December 29, 2012, respectively.

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Note 5

3 Months Ended

Dec. 28, 2013

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

Note 5            At December 28, 2013, the Company has three stock-based employee compensation plans. Share-based compensation was recognized as follows:

	Three months ended
	December 28, 2013		December 29, 2012
	(in thousands, except per share amounts)
Stock Options	$	312	$	175
Stock purchase plan		129		92
Stock issued to outside directors		-		12
Restricted stock issued to an employee		4		4
	$	445	$	283
Per diluted share	$	0.02	$	0.01
The above compensation is net of tax benefits	$	79	$	224

The Company anticipates that share-based compensation will not exceed $1.7 million net of tax benefits, or approximately $.09 per share for the fiscal year ending September 27, 2014.

The fair value of each option grant is estimated on the date of grant using the Black-Scholes options-pricing model with the following weighted average assumptions used for grants in fiscal 2014 first three months: expected volatility of 20.6%; risk-free interest rate of 1.4%; dividend rate of .8% and expected lives of 5 years.

During the 2014 three month period, the Company granted 97,975 stock options. The weighted-average grant date fair value of these options was $15.21. During the 2013 three month period, the Company granted 1,100 stock options. The weighted-average grant date fair value of these options was $12.24.

Expected volatility is based on the historical volatility of the price of our common shares over the past 55 months for 5 year options and 10 years for 10 year options. We use historical information to estimate expected life and forfeitures within the valuation model. The expected term of awards represents the period of time that options granted are expected to be outstanding. The risk-free rate for periods within the expected life of the option is based on the U.S. Treasury yield curve in effect at the time of grant. Compensation cost is recognized using a straight-line method over the vesting or service period and is net of estimated forfeitures.

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Note 4

3 Months Ended

Dec. 28, 2013

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Note 4            Basic earnings per common share (EPS) excludes dilution and is computed by dividing income available to common shareholders by the weighted average common shares outstanding during the period. Diluted EPS takes into consideration the potential dilution that could occur if securities (stock options) or other contracts to issue common stock were exercised and converted into common stock. Our calculation of EPS is as follows:

	Three Months Ended December 28, 2013
	Income (Numerator)		Shares (Denominator)		Per Share Amount
	(in thousands, except per share amounts)
Basic EPS
Net Earnings available to common stockholders	$	12,426		18,679	$	0.67
Effect of Dilutive Securities
Options		-		114		(0.01	)
Diluted EPS
Net Earnings available to common stockholders plus assumed conversions	$	12,426		18,793	$	0.66

	Three Months Ended December 29, 2012
	Income (Numerator)		Shares (Denominator)		Per Share Amount
	(in thousands, except per share amounts)
Basic EPS
Net Earnings available to common stockholders	$	10,226		18,807	$	0.54
Effect of Dilutive Securities
Options		-		63		-
Diluted EPS
Net Earnings available to common stockholders plus assumed conversions	$	10,226		18,870	$	0.54

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Note 8 (Tables)

3 Months Ended

Dec. 28, 2013

Inventory Disclosure [Abstract]

Schedule of Inventory, Current [Table Text Block]

	December 28, 2013		September 28, 2013
	(unaudited)
	(in thousands)
Finished goods	$	37,075	$	33,013
Raw Materials		14,589		14,489
Packaging materials		6,311		5,937
Equipment parts & other		18,791		18,346
	$	76,766	$	71,785
The above inventories are net of reserves	$	4,652	$	4,449

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Note 12

3 Months Ended

Dec. 28, 2013

Business Combinations [Abstract]

Business Combination Disclosure [Text Block]

Note 12          In June 2012, we acquired the assets of Kim & Scott’s Gourmet Pretzels, Inc., a manufacturer and seller of a premium brand soft pretzel. This business had sales of approximately $8 million over the prior twelve months to food service and retail supermarket customers and had sales of approximately $1.8 million in our 2012 fiscal year from the acquisition date.

In October 2013, we acquired the assets of New York Pretzel, a manufacturer and distributor of soft pretzels selling primarily in the northeast to foodservice and retail locations.  Of the purchase price of $11.8 million, $849,000 was allocated to intangible assets, $7,716,000 was allocated to goodwill and $3,049,000 was allocated to property, plant and equipment.    

These acquisitions were and will be accounted for under the purchase method of accounting, and their operations are and will be included in the consolidated financial statements from their respective acquisition dates.

The goodwill and intangible assets acquired in the business combinations are recorded at fair value. To measure fair value for such assets, we use techniques including discounted expected future cash flows (Level 3 input).

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Note 8

3 Months Ended

Dec. 28, 2013

Inventory Disclosure [Abstract]

Inventory Disclosure [Text Block]

Note 8            Inventories consist of the following:

	December 28, 2013		September 28, 2013
	(unaudited)
	(in thousands)
Finished goods	$	37,075	$	33,013
Raw Materials		14,589		14,489
Packaging materials		6,311		5,937
Equipment parts & other		18,791		18,346
	$	76,766	$	71,785
The above inventories are net of reserves	$	4,652	$	4,449

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Note 6

3 Months Ended

Dec. 28, 2013

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

Note 6            We account for our income taxes under the liability method. Under the liability method, deferred tax assets and liabilities are determined based on the difference between the financial statement and tax bases of assets and liabilities as measured by the enacted tax rates that will be in effect when these differences reverse.  Deferred tax expense is the result of changes in deferred tax assets and liabilities.

Additionally, we recognize a liability for income taxes and associated penalties and interest for tax positions taken or expected to be taken in a tax return which are more likely than not to be overturned by taxing authorities (“uncertain tax positions”).  We have not recognized a tax benefit in our financial statements for these uncertain tax positions.

The total amount of gross unrecognized tax benefits is $429,000 and $438,000 on December 28, 2013 and September 28, 2013, respectively, all of which would impact our effective tax rate over time, if recognized. We recognize interest and penalties related to income tax matters as a part of the provision for income taxes. As of December 28, 2013 and September 28, 2013, respectively, the Company has $223,000 and $224,000 of accrued interest and penalties.

In addition to our federal tax return and tax returns for Mexico and Canada, we file tax returns in all states that have a corporate income tax with virtually all open for examination for three to four years.

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Note 7

3 Months Ended

Dec. 28, 2013

Table Text Block [Abstract]

Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]

Note 7            In February 2013, the FASB issued guidance which requires us to provide information about the amounts reclassified out of accumulated other comprehensive income by component. In addition, we are required to present, either on the face of the statement where net income is presented or in the notes, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income but only if the amount reclassified is required under U.S. GAAP to be reclassified to net income in its entirety in the same reporting period. For other amounts not required under U.S. GAAP to be reclassified in their entirety to net income, we are required to cross-reference to other disclosures required under U.S. GAAP that provide additional detail about those amounts. This guidance was effective for our fiscal year 2014 first quarter and its adoption did not have a material impact on our financial statements.

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Note 9

3 Months Ended

Dec. 28, 2013

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

Note 9            We principally sell our products to the food service and retail supermarket industries. Sales and results of our frozen beverages business are monitored separately from the balance of our food service business because of different distribution and capital requirements. We maintain separate and discrete financial information for the three operating segments mentioned above which is available to our Chief Operating Decision Makers.

We have applied no aggregation criteria to any of these operating segments in order to determine reportable segments. Our three reportable segments are Food Service, Retail Supermarkets and Frozen Beverages. All inter-segment net sales and expenses have been eliminated in computing net sales and operating income (loss). These segments are described below.

Food Service

The primary products sold by the food service group are soft pretzels, frozen juice treats and desserts, churros, dough enrobed handheld products and baked goods. Our customers in the food service industry include snack bars and food stands in chain, department and discount stores; malls and shopping centers; fast food outlets; stadiums and sports arenas; leisure and theme parks; convenience stores; movie theatres; warehouse club stores; schools, colleges and other institutions. Within the food service industry, our products are purchased by the consumer primarily for consumption at the point-of-sale.

Retail Supermarkets

The primary products sold by the retail supermarket segment are soft pretzel products – including SUPERPRETZEL, frozen juice treats and desserts including LUIGI’S Real Italian Ice, MINUTE MAID Juice Bars and Soft Frozen Lemonade, WHOLE FRUIT frozen fruit bars, WHOLE FRUIT Sorbet, ICEE Squeeze-Up Tubes, dough enrobed handheld products and TIO PEPE’S Churros. Within the retail supermarket channel, our frozen and prepackaged products are purchased by the consumer for consumption at home.

Frozen Beverages

We sell frozen beverages and related products to the food service industry primarily under the names ICEE, ARCTIC BLAST, SLUSH PUPPIE and PARROT ICE in the United States, Mexico and Canada. We also provide repair and maintenance service to customers for customers’ owned equipment.

The Chief Operating Decision Maker for Food Service and Retail Supermarkets and the Chief Operating Decision Maker for Frozen Beverages monthly review detailed operating income statements and sales reports in order to assess performance and allocate resources to each individual segment. In addition, the Chief Operating Decision Makers review and evaluate depreciation, capital spending and assets of each segment on a quarterly basis to monitor cash flow and asset needs of each segment. Information regarding the operations in these three reportable segments is as follows:

	Three months ended
	December 28, 2013			December 29, 2012
	(unaudited)
	(in thousands)
Sales to External Customers:
Food Service
Soft pretzels	$	39,308		$	32,594
Frozen juices and ices		8,229			7,527
Churros		13,951			13,807
Handhelds		6,404			6,314
Bakery		69,076			68,305
Other		1,812			1,640
	$	138,780		$	130,187
Retail Supermarket
Soft pretzels	$	8,915		$	8,578
Frozen juices and ices		6,423			6,470
Handhelds		5,287			6,313
Coupon redemption		(680	)		(789	)
Other		219			131
	$	20,164		$	20,703
Frozen Beverages
Beverages	$	25,189		$	25,297
Repair and maintenance service		13,609			11,842
Machines sales		5,523			3,048
Other		258			331
	$	44,579		$	40,518
Consolidated Sales	$	203,523		$	191,408
Depreciation and Amortization:
Food Service	$	5,139		$	4,509
Retail Supermarket		8			8
Frozen Beverages		3,793			3,470
	$	8,940		$	7,987
Operating Income :
Food Service	$	15,151		$	12,597
Retail Supermarket		1,964			1,570
Frozen Beverages		856			894
	$	17,971		$	15,061
Capital Expenditures:
Food Service	$	5,848		$	5,260
Retail Supermarket		-			-
Frozen Beverages		3,469			2,221
	$	9,317		$	7,481
Assets:
Food Service	$	502,756		$	460,524
Retail Supermarket		6,059			6,090
Frozen Beverages		150,322			139,624
	$	659,137		$	606,238

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Note 8 (Details) - Inventories (USD $) In Thousands, unless otherwise specified	Dec. 28, 2013	Sep. 28, 2013
Inventory [Line Items]
Finished goods	$ 37,075	$ 33,013
Equipment parts & other	18,791	18,346
	76,766	71,785
The above inventories are net of reserves	4,652	4,449
Raw Materials [Member]
Inventory [Line Items]
Raw Materials	14,589	14,489
Packaging Materials [Member]
Inventory [Line Items]
Raw Materials	$ 6,311	$ 5,937

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Note 4 (Tables)

3 Months Ended

Dec. 28, 2013

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

	Three Months Ended December 28, 2013
	Income (Numerator)		Shares (Denominator)		Per Share Amount
	(in thousands, except per share amounts)
Basic EPS
Net Earnings available to common stockholders	$	12,426		18,679	$	0.67
Effect of Dilutive Securities
Options		-		114		(0.01	)
Diluted EPS
Net Earnings available to common stockholders plus assumed conversions	$	12,426		18,793	$	0.66

	Three Months Ended December 29, 2012
	Income (Numerator)		Shares (Denominator)		Per Share Amount
	(in thousands, except per share amounts)
Basic EPS
Net Earnings available to common stockholders	$	10,226		18,807	$	0.54
Effect of Dilutive Securities
Options		-		63		-
Diluted EPS
Net Earnings available to common stockholders plus assumed conversions	$	10,226		18,870	$	0.54

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Note 11 (Tables)

3 Months Ended

Dec. 28, 2013

Fair Value Disclosures [Abstract]

Unrealized Gain (Loss) on Investments [Table Text Block]

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Market Value
			(in thousands)
US Government Agency Debt	$	2,000		-	$	71	$	1,929
	$	2,000	$	0	$	71	$	1,929

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Market Value
	(in thousands)
Mutual Funds	$	109,630	$	447	$	2,201	$	107,876
	$	109,630	$	447	$	2,201	$	107,876

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Market Value
			(in thousands)
US Government Agency Debt	$	2,000	$	-	$	50	$	1,950
Certificates of Deposit		256		-		-		256
	$	2,256	$	-	$	50	$	2,206

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Market Value
			(in thousands)
Mutual Funds	$	109,891	$	254	$	2,481	$	107,664
	$	109,891	$	254	$	2,481	$	107,664

Investments Classified by Contractual Maturity Date [Table Text Block]

	December 28, 2013				September 28, 2013
	Amortized Cost		Fair Market Value		Amortized Cost		Fair Market Value
			(in thousands)
Due in one year or less	$	-	$	-	$	256	$	256
Due after one year through five years		-		-		-		-
Due after five years through ten years		2,000		1,929		2,000		1,950
Total held to maturity securities	$	2,000	$	1,929	$	2,256	$	2,206
Less current portion		-		-		256		256
Long term held to maturity securities	$	2,000	$	1,929	$	2,000	$	1,950

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Note 11 (Details) - Summary of Securities (USD $) In Thousands, unless otherwise specified	3 Months Ended	12 Months Ended
	Dec. 28, 2013	Sep. 28, 2013
Note 11 (Details) - Summary of Securities [Line Items]
Amortized Cost - Held To Maturity	$ 2,000	$ 2,256
Gross Unrealized Gains - Held To Maturity	0
Gross Unrealized Losses - Held To Maturity	71	50
Fair Market Value - Held To Maturity	1,929	2,206
Amortized Cost - Available For Sale	109,630	109,891
Gross Unrealized Gains - Available For Sale	447	254
Gross Unrealized Losses - Available For Sale	2,201	2,481
Fair Market Value - Available For Sale	107,876	107,664
US Government Corporations and Agencies Securities [Member]
Note 11 (Details) - Summary of Securities [Line Items]
Amortized Cost - Held To Maturity	2,000	2,000
Gross Unrealized Losses - Held To Maturity	71	50
Fair Market Value - Held To Maturity	1,929	1,950
Mutual Funds [Member]
Note 11 (Details) - Summary of Securities [Line Items]
Amortized Cost - Available For Sale	109,630	109,891
Gross Unrealized Gains - Available For Sale	447	254
Gross Unrealized Losses - Available For Sale	2,201	2,481
Fair Market Value - Available For Sale	107,876	107,664
Certificates of Deposit [Member]
Note 11 (Details) - Summary of Securities [Line Items]
Amortized Cost - Held To Maturity		256
Fair Market Value - Held To Maturity		$ 256

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Consolidated Statements of Earnings (Unaudited) (Parentheticals) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Dec. 28, 2013	Dec. 29, 2012
Allocated Share Based Compensation	$ 445	$ 283
Cost Of Goods Sold [Member]
Allocated Share Based Compensation	118	125
Marketing [Member]
Allocated Share Based Compensation	170	173
Distribution [Member]
Allocated Share Based Compensation	10	8
Administrative [Member]
Allocated Share Based Compensation	$ 226	$ 201

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Note 3

3 Months Ended

Dec. 28, 2013

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

Note 3            Depreciation of equipment and buildings is provided for by the straight-line method over the assets’ estimated useful lives. Amortization of improvements is provided for by the straight-line method over the term of the lease or the assets’ estimated useful lives, whichever is shorter. Licenses and rights, customer relationships and non-compete agreements arising from acquisitions are amortized by the straight-line method over periods ranging from 3 to 20 years. Depreciation expense was $7,688,000 and $6,790,000 for the three months ended December 28, 2013 and December 29, 2012, respectively.

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Note 13 (Tables)

3 Months Ended

Dec. 28, 2013

Disclosure Text Block [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

	Foreign Currency Translation Adjustments			Unrealized Holding Loss on Marketable Securities			Total
Beginning Balance	$	(3,703	)	$	(2,227	)	$	(5,930	)
Other comprehensive(loss)income before reclassifications		(104	)		212			108
Amounts reclassified from accumulated other comprehensive income		-			261			261
Ending Balance	$	(3,807	)	$	(1,754	)	$	(5,561	)

	Foreign Currency Translation Adjustments			Unrealized Holding Loss on Marketable Securities		Total
Beginning Balance	$	(3,132	)	$	-	$	(3,132	)
Other comprehensive(loss)income before reclassifications		(123	)		18		(105	)
Amounts reclassified from accumulated other comprehensive income		-			-		-
Ending Balance	$	(3,255	)	$	18	$	(3,237	)

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Note 10 (Details) - Intagible Assets by Reporting Segment (USD $) In Thousands, unless otherwise specified	Dec. 28, 2013	Sep. 28, 2013
Acquired Finite-Lived Intangible Assets [Line Items]
Accumulated amortization of amortized intangible assets	$ 36,226	$ 35,083
CONSOLIDATED	79,944	79,095
CONSOLIDATED	36,226	35,083
Food Service [Member] | Trade Names [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount of indefinite lived intangible assets	13,072	12,880
Food Service [Member] | Noncompete Agreements [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount of amortized intangible assets	592	545
Accumulated amortization of amortized intangible assets	486	478
CONSOLIDATED	486	478
Food Service [Member] | Customer Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount of amortized intangible assets	40,797	40,187
Accumulated amortization of amortized intangible assets	27,119	26,187
CONSOLIDATED	27,119	26,187
Food Service [Member] | License and Rights [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount of amortized intangible assets	3,606	3,606
Accumulated amortization of amortized intangible assets	2,637	2,614
CONSOLIDATED	2,637	2,614
Food Service [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount of amortized intangible assets	58,067	57,218
Accumulated amortization of amortized intangible assets	30,242	29,279
CONSOLIDATED	30,242	29,279
Retail Supermarket [Member] | Trade Names [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount of indefinite lived intangible assets	4,006	4,006
Retail Supermarket [Member] | Customer Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount of amortized intangible assets	279	279
Accumulated amortization of amortized intangible assets	70	62
CONSOLIDATED	70	62
Retail Supermarket [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount of amortized intangible assets	4,285	4,285
Accumulated amortization of amortized intangible assets	70	62
CONSOLIDATED	70	62
Frozen Beverages [Member] | Trade Names [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount of indefinite lived intangible assets	9,315	9,315
Frozen Beverages [Member] | Noncompete Agreements [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount of amortized intangible assets	198	198
Accumulated amortization of amortized intangible assets	198	198
CONSOLIDATED	198	198
Frozen Beverages [Member] | Customer Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount of amortized intangible assets	6,478	6,478
Accumulated amortization of amortized intangible assets	4,984	4,830
CONSOLIDATED	4,984	4,830
Frozen Beverages [Member] | License and Rights [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount of amortized intangible assets	1,601	1,601
Accumulated amortization of amortized intangible assets	732	714
CONSOLIDATED	732	714
Frozen Beverages [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount of amortized intangible assets	17,592	17,592
Accumulated amortization of amortized intangible assets	5,914	5,742
CONSOLIDATED	$ 5,914	$ 5,742

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Note 13

3 Months Ended

Dec. 28, 2013

Disclosure Text Block [Abstract]

Comprehensive Income (Loss) Note [Text Block]

Note 13 Changes to the components of other comprehensive loss are as follows:

Three Months ended December 28, 2013

(unaudited)

(in thousands)

	Foreign Currency Translation Adjustments			Unrealized Holding Loss on Marketable Securities			Total
Beginning Balance	$	(3,703	)	$	(2,227	)	$	(5,930	)
Other comprehensive(loss)income before reclassifications		(104	)		212			108
Amounts reclassified from accumulated other comprehensive income		-			261			261
Ending Balance	$	(3,807	)	$	(1,754	)	$	(5,561	)

All amounts are net of tax.

Three Months ended December 29, 2012

(unaudited)

(in thousands)

	Foreign Currency Translation Adjustments			Unrealized Holding Loss on Marketable Securities		Total
Beginning Balance	$	(3,132	)	$	-	$	(3,132	)
Other comprehensive(loss)income before reclassifications		(123	)		18		(105	)
Amounts reclassified from accumulated other comprehensive income		-			-		-
Ending Balance	$	(3,255	)	$	18	$	(3,237	)

All amounts are net of tax.