Note 11

6 Months Ended

Jun. 23, 2012

Intangible Assets Disclosure [Text Block]

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 June 23, 2012 and September 24, 2011 are as follows:

	June 23, 2012				September 24,2011
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
	(in thousands)
FOOD SERVICE
Indefinite lived intangible assets
Trade Names	$	12,880		-	$	12,880	$	-
Amortized intangible assets
Non compete agreements		545		449		470		425
Customer relationships		40,187		21,680		40,024		18,993
License and rights		3,606		2,495		3,606		2,425
	$	57,218	$	24,624	$	56,980	$	21,843
RETAIL SUPERMARKETS
Indefinite lived intangible assets
Trade Names	$	4,006		-	$	3,380	$	-
Amortized Intangible Assets
Customer relationships		279		23		207		8
	$	4,285	$	23	$	3,587	$	8
FROZEN BEVERAGES
Indefinite lived intangible assets
Trade Names	$	9,315		-	$	9,315	$	-
Amortized intangible assets
Non compete agreements		198		198		198		189
Customer relationships		6,478		4,038		6,478		3,540
Licenses and rights		1,601		626		1,601		574
	$	17,592	$	4,862	$	17,592	$	4,303
CONSOLIDATED	$	79,095	$	29,509	$	78,159	$	26,154

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 $198,000 were acquired in the retail supermarkets segments in the three months ended June 23, 2012 in the Kim & Scott’s acquisition and a total of $698,000 was acquired in the nine months ended June 23, 2012.  Intangible assets of $238,000 were acquired in the food service segment in the three and nine months ended June 23, 2012, in the Kim & Scott’s acquisition. Aggregate amortization expense of intangible assets for the three months ended June 23, 2012 and June 25, 2011 was $1,109,000 and $1,127,000, respectively and for the nine months ended June 23, 2012 and June 25, 2011 was $3,355,000 and $3,676,000, respectively.

Estimated amortization expense for the next five fiscal years is approximately $4,500,000 in 2012 and 2013, $4,400,000 in 2014 and 2015 and $4,200,000 in 2016. 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 Service		Retail Supermarket		Frozen Beverages		Total
	(in thousands)
Balance at June 23, 2012	$	39,115	$	1,844	$	35,940	$	76,899

Goodwill of $6,829,000 was acquired in the Kim & Scott’s acquisition in the three months ended June 23, 2012, which was allocated $4,985,000 to the food service segment and $1,844,000 to the retail supermarkets segment.