Business Segments (Tables)

3 Months Ended

Mar. 26, 2016

Schedule of information by reportable segments

The following table present information about our reportable segments for the quarters ended March 26, 2016 and March 28, 2015 (in thousands):

	Frozen Products			Snack Products		Consolidated
Quarter ended March 26, 2016
Net revenues from external customers	$	44,971		$	24,884	$	69,855
Depreciation and amortization included in segment gross profit	586			507		1,093
Segment gross profit	4,321			4,496		8,817

Quarter ended March 28, 2015
Net revenues from external customers	$	51,349		$	26,258	$	77,607
Depreciation and amortization included in segment gross profit	556			606		1,162
Segment gross profit (loss)	(7,489		)	3,789		(3,700		)

Schedule of reconciliation of reportable segment gross profit to consolidated income before income tax provision

The following table reconciles reportable segment gross profit to our consolidated income (loss) before income taxes for the quarters ended March 26, 2016 and March 28, 2015 (in thousands):

	Quarter Ended
	March 26, 2016			March 28, 2015
Segment gross profit (loss)	$	8,817		$	(3,700	)
Unallocated amounts:
Operating expenses	8,109			18,429
Interest expense, net	2,356			730

Loss before income taxes	$	(1,648	)	$	(22,859	)

Schedule of revenues for each group of similar products within reportable segments

The table below presents information about revenues for each group of similar products within our reportable segments for the quarter ended March 26, 2016 and March 28, 2015 (in thousands):

	Quarter Ended March 26, 2016				Quarter Ended March 28, 2015
	Net Revenue		% of Net Revenues		Net Revenue		% of Net Revenues
Frozen Products:
Berries, Beverages, Blends and Desserts	$	32,297	46.3	%	$	35,338	45.6	%
Vegetables	12,674		18.1	%	16,011		20.6	%

Total Frozen	44,971		64.4	%	51,349		66.2	%

Snack Products:
Indulgent Specialty Snacks (1)	9,926		14.2	%	11,549		14.9	%
Healthy/Natural Snacks (2)	14,958		21.4	%	14,709		18.9	%

Total Snack	24,884		35.6	%	26,258		33.8	%


Consolidated	$	69,855	100	%	$	77,607	100	%

(1)

Indulgent Specialty Snacks includes T.G.I. Friday’s® brand snacks under license from T.G.I. Friday’s, Nathan’s Famous® brand snack products under license from Nathan’s Famous Corporation, Vidalia® brand snack products under license from Vidalia Brands, Inc., Poore Brothers® kettle cooked potato chips, Bob’s Texas Style® kettle cooked chips, and Tato Skins® brand potato snacks.

(2)

Healthy/Natural Snacks includes Boulder Canyon® Authentic Foods brand kettle cooked potato chips and private label healthy/natural snacks.