Note 7 - Segment Information

12 Months Ended

Oct. 28, 2016

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

NOTE

7

-

Segment Information:

We have

two

reportable operating segments, Frozen Food Products (the processing and distribution of frozen products) and Snack Food Products (the processing and distribution of meat and other convenience foods).

We evaluate each segment’s performance based on revenues and operating income. Selling, general and administrative expenses include corporate accounting, information systems, human resource and marketing management at the corporate level. These activities are allocated to each operating segment based on revenues and/or actual usage.

The following segment information is for the fiscal years ended

October

28,

2016

(52

weeks) and

October

30,

2015

(52

weeks):

Segment Information
2016	Frozen Food Products		Snack Food Products		Other		Totals
Sales	$	46,589	$	93,474	$	-	$	140,063
Cost of products sold		29,271		55,579		-		84,850
Gross margin		17,318		37,895		-		55,213
SG&A		14,477		29,900		-		44,377
Income before taxes	$	2,841	$	7,995	$	-		10,836
Total assets	$	10,748	$	40,525	$	35,981	$	87,254
Additions to PP&E	$	420	$	2,845	$	-	$	3,265

Segment Information
2015	Frozen Food Products		Snack Food Products		Other		Totals
Sales	$	50,549	$	79,899	$	-	$	130,448
Cost of products sold		30,372		53,207		-		83,579
Gross margin		20,177		26,692		-		46,869
SG&A		14,625		24,126		-		38,751
Income before taxes	$	5,552	$	2,566	$	-		8,118
Total assets	$	11,206	$	33,853	$	30,243	$	75,302
Additions to PP&E	$	182	$	1,222	$	-	$	1,404