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 March 28, 2015

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 April 20, 2015 there were 18,691,274 shares of the Registrant’s Common Stock outstanding.

1

INDEX

	Page Number
Part I. Financial Information
Item l. Consolidated Financial Statements
Consolidated Balance Sheets – March 28, 2015 (unaudited) and September 27, 2014	3
Consolidated Statements of Earnings (unaudited) – Three and Six Months Ended March 28, 2015 and March 29, 2014	4
Consolidated Statements of Comprehensive Income (unaudited) – Three and Six Months Ended March 28, 2015 and March 29, 2014	5
Consolidated Statements of Cash Flows (unaudited) – Six Months Ended March 28, 2015 and March 29, 2014	6
Notes to the Consolidated Financial Statements (unaudited)	7
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	20
Item 3. Quantitative and Qualitative Disclosures About Market Risk	25
Item 4. Controls and Procedures	25
Part II. Other Information
Item 6. Exhibits	26

2

J & J SNACK FOODS CORP. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(in thousands, except share amounts)

	March 28,			September 27,
	2015			2014
	(unaudited)
Assets
Current assets
Cash and cash equivalents	$	88,615		$	91,760
Accounts receivable, net		95,826			99,972
Inventories, net		87,043			76,083
Prepaid expenses and other		5,588			3,695
Deferred income taxes		4,236			4,096
Total current assets		281,308			275,606
Property, plant and equipment, at cost
Land		2,496			2,496
Buildings		26,741			26,741
Plant machinery and equipment		201,801			195,566
Marketing equipment		261,437			256,389
Transportation equipment		6,875			6,913
Office equipment		19,564			18,556
Improvements		28,083			26,635
Construction in progress		5,640			4,785
Total Property, plant and equipment, at cost		552,637			538,081
Less accumulated depreciation and amortization		390,419			380,552
Property, plant and equipment, net		162,218			157,529
Other assets
Goodwill		86,442			86,442
Other intangible assets, net		48,282			50,989
Marketable securities held to maturity		-			2,000
Marketable securities available for sale		127,754			128,117
Other		3,309			4,090
Total other assets		265,787			271,638
Total Assets	$	709,313		$	704,773
Liabilities and Stockholder's Equity
Current Liabilities
Current obligations under capital leases	$	273		$	146
Accounts payable		55,216			59,968
Accrued insurance liability		11,318			10,578
Accrued income taxes		-			-
Accrued liabilities		5,471			5,007
Accrued compensation expense		11,164			14,286
Dividends payable		6,729			5,972
Total current liabilities		90,171			95,957
Long-term obligations under capital leases		1,334			374
Deferred income taxes		44,915			44,785
Other long-term liabilities		1,037			1,139
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 18,689,000 and 18,663,000 respectively		33,777			32,621
Accumulated other comprehensive loss		(10,246	)		(5,988	)
Retained Earnings		548,325			535,885
Total stockholders' equity		571,856			562,518
Total Liabilities and Stockholder's Equity	$	709,313		$	704,773

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						Six months ended
	March 28,			March 29,			March 28,			March 29,
	2015			2014			2015			2014
Net Sales	$	225,008		$	205,321		$	437,760		$	408,844
Cost of goods sold(1)		158,058			144,208			309,709			287,825
Gross Profit		66,950			61,113			128,051			121,019
Operating expenses
Marketing (2)		19,986			17,519			39,473			35,551
Distribution (3)		17,633			16,382			35,154			32,502
Administrative (4)		7,462			6,781			14,987			13,765
Other general expense		64			99			22			898
		45,145			40,781			89,636			82,716
Operating Income		21,805			20,332			38,415			38,303
Other income (expense)
Investment income		1,278			976			2,632			2,114
Interest expense & other		(30	)		(27	)		(54	)		(63	)
Earnings before income taxes		23,053			21,281			40,993			40,354
Income taxes		8,416			7,760			15,100			14,407
NET EARNINGS	$	14,637		$	13,521		$	25,893		$	25,947
Earnings per diluted share	$	0.78		$	0.72		$	1.38		$	1.38
Weighted average number of diluted shares		18,821			18,819			18,811			18,806
Earnings per basic share	$	0.78		$	0.72		$	1.39		$	1.39
Weighted average number of basic shares		18,689			18,693			18,679			18,686

(1) Includes share-based compensation expense of $108 and $220 for the three months and six months ended March 28, 2015, respectively and $117 and $235 for the three months and six months ended March 29, 2014.

(2) Includes share-based compensation expense of $158 and $330 for the three months and six months ended March 28,2015, respectively and $170 and $340 for the three months and six months ended March 29, 2014.

(3) Includes share-based compensation expense of $10 and $21 for the three months and six months ended March 28, 2015, respectively and $11 and $21 for the three months and six months ended March 29, 2014.

(4) Includes share-based compensation expense of $209 and $438 for the three months and six months ended March 28, 2015, respectively and $227 and $453 for the three months and six months ended March 29, 2014.

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						Six months ended
	March 28,			March 29,			March 28,			March 29,
	2015			2014			2015			2014
Net Earnings	$	14,637		$	13,521		$	25,893		$	25,947
Foreign currency translation adjustments		(914	)		(172	)		(2,869	)		(276	)
Unrealized holding gain(loss)on marketable securities		533			956			(1,389	)		1,429
Total Other Comprehensive Income, net of tax		(381	)		784			(4,258	)		1,153
Comprehensive Income	$	14,256		$	14,305		$	21,635		$	27,100

All amounts are net of tax.

5

J & J SNACK FOODS CORP. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited) (in thousands)

	Six months ended
	March 28,			March 29,
	2015			2014
Operating activities:
Net earnings	$	25,893		$	25,947
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation of fixed assets		15,987			15,591
Amortization of intangibles and deferred costs		2,869			2,511
Share-based compensation		1,009			1,049
Deferred income taxes		14			(189	)
Loss on sale of marketable securities		509			296
Other		(199	)		(126	)
Changes in assets and liabilities net of effects from purchase of companies
Decrease in accounts receivable		3,885			636
Increase in inventories		(10,448	)		(5,106	)
Increase in prepaid expenses		(1,918	)		(633	)
Decrease in accounts payable and accrued liabilities		(6,373	)		(889	)
Net cash provided by operating activities		31,228			39,087
Investing activities:
Payment for purchases of companies, net of cash acquired		-			(11,000	)
Purchases of property, plant and equipment		(20,643	)		(20,825	)
Purchases of marketable securities		(13,136	)		(25,747	)
Proceeds from redemption and sales of marketable securities		13,601			6,060
Proceeds from disposal of property and equipment		862			815
Other		(56	)		(92	)
Net cash used in investing activities		(19,372	)		(50,789	)
Financing activities:
Payments to repurchase common stock		(2,114	)		-
Proceeds from issuance of stock		2,070			1,023
Payments on capitalized lease obligations		(105	)		(204	)
Payment of cash dividend		(12,696	)		(8,966	)
Net cash used in financing activities		(12,845	)		(8,147	)
Effect of exchange rate on cash and cash equivalents		(2,156	)		(195	)
Net decrease in cash and cash equivalents		(3,145	)		(20,044	)
Cash and cash equivalents at beginning of period		91,760			97,345
Cash and cash equivalents at end of period	$	88,615		$	77,301

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 and six months ended March 28, 2015 and March 29, 2014 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 our 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 27, 2014.

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 $284,000 and $450,000 at March 28, 2015 and September 27, 2014, 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 $8,006,000 and $7,903,000 for the three months ended March 28, 2015 and March 29, 2014, respectively, and for the six months ended March 28, 2015 and March 29, 2014 was $15,987,000 and $15,591,000 respectively.

7

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 March 28,2015
	Income		Shares		Per Share
	(Numerator)		(Denominator)		Amount
	(in thousands, except per share amounts)
Basic EPS
Net Earnings available to common stockholders	$	14,637		18,689	$	0.78
Effect of Dilutive Securities
Options		-		132		-
Diluted EPS
Net Earnings available to common stockholders plus assumed conversions	$	14,637		18,821	$	0.78

	Six Months Ended March 28, 2015
	Income		Shares		Per Share
	(Numerator)		(Denominator)		Amount
	(in thousands, except per share amounts)
Basic EPS
Net Earnings available to common stockholders	$	25,893		18,679	$	1.39
Effect of Dilutive Securities
Options		-		132		(0.01	)
Diluted EPS
Net Earnings available to common stockholders plus assumed conversions	$	25,893		18,811	$	1.38

8

	Three Months Ended March 29, 2014
	Income		Shares		Per Share
	(Numerator)		(Denominator)		Amount
	(in thousands, except per share amounts)
Basic EPS
Net Earnings available to common stockholders	$	13,521		18,693	$	0.72
Effect of Dilutive Securities
Options		-		126		-
Diluted EPS
Net Earnings available to common stockholders plus assumed conversions	$	13,521		18,819	$	0.72

	Six Months Ended March 29, 2014
	Income		Shares		Per Share
	(Numerator)		(Denominator)		Amount
	(in thousands, except per share amounts)
Basic EPS
Net Earnings available to common stockholders	$	25,947		18,686	$	1.39
Effect of Dilutive Securities
Options		-		120		(0.01	)
Diluted EPS
Net Earnings available to common stockholders plus assumed conversions	$	25,947		18,806	$	1.38

9

Note 5 At March 28, 2015, the Company has three stock-based employee compensation plans. Share-based compensation was recognized as follows:

	Three months ended				Six months ended
	March 28,		March 29,		March 28,		March 29,
	2015		2014		2015		2014
	(in thousands, except per share amounts)
Stock Options	$	264	$	388	$	548	$	700
Stock purchase plan		50		48		197		177
Restricted stock issued to an employee		2		4		3		8
	$	316	$	440	$	748	$	885
Per diluted share	$	0.02	$	0.02	$	0.04	$	0.05
The above compensation is net of tax benefits	$	169	$	85	$	261	$	164

The Company anticipates that share-based compensation will not exceed $1.9 million net of tax benefits, or approximately $.10 per share for the fiscal year ending September 26, 2015.

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 2015 first six months: expected volatility of 17.8%; risk-free interest rate of 1.6%; dividend rate of 1.4% and expected lives of 5 years.

During the 2015 six month period, the Company granted 148,840 stock options. The weighted-average grant date fair value of these options was $15.23. During the 2014 six month period, the Company granted 98,975 stock options. The weighted-average grant date fair value of these options was $15.21.

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.

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.

10

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 $315,000 and $315,000 on March 28, 2015 and September 27, 2014, 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 March 28, 2015 and September 27, 2014, respectively, the Company has $180,000 and $180,000 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 May 2014, the FASB issued guidance on revenue recognition which says that we should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration which we expect to be entitled in exchange for those goods or services.  This guidance is effective for our fiscal year ending September 2019.  Early application is not permitted.  We will assess the impact this guidance will have on our consolidated financial statements.

Note 8 Inventories consist of the following:

	March 28,		September 27,
	2015		2014
	(unaudited)
	(in thousands)
Finished goods	$	38,926	$	33,189
Raw Materials		18,085		15,632
Packaging materials		6,720		6,107
Equipment parts & other		23,312		21,155
	$	87,043	$	76,083
The above inventories are net of reserves	$	2,621	$	3,982

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.

11

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 to the retail supermarket channel 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 and sorbet, PHILLY SWIRL cups and sticks, ICEE Squeeze-Up Tubes and dough enrobed handheld products including PATIO burritos. 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, 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.

12

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						Six months ended
	March 28,			March 29,			March 28,			March 29,
	2015			2014			2015			2014
	(unaudited)
	(in thousands)
Sales to External Customers:
Food Service
Soft pretzels	$	41,099		$	38,815		$	81,817		$	78,123
Frozen juices and ices		11,072			11,857			19,273			20,086
Churros		14,622			13,430			27,589			27,381
Handhelds		5,044			5,712			10,202			12,116
Bakery		70,791			66,169			145,222			135,245
Other		2,634			2,346			4,720			4,158
	$	145,262		$	138,329		$	288,823		$	277,109
Retail Supermarket
Soft pretzels	$	10,829		$	10,309		$	20,029		$	19,224
Frozen juices and ices		13,722			8,402			22,877			14,825
Handhelds		4,569			4,815			9,448			10,102
Coupon redemption		(927	)		(689	)		(2,000	)		(1,369	)
Other		340			213			566			432
	$	28,533		$	23,050		$	50,920		$	43,214
Frozen Beverages
Beverages	$	28,778		$	26,713		$	54,288		$	51,902
Repair and maintenance service		15,723			13,135			31,033			26,744
Machines sales		6,328			3,759			12,075			9,282
Other		384			335			621			593
	$	51,213		$	43,942		$	98,017		$	88,521
Consolidated Sales	$	225,008		$	205,321		$	437,760		$	408,844
Depreciation and Amortization:
Food Service	$	5,388		$	5,233		$	10,641		$	10,372
Retail Supermarket		187			8			440			16
Frozen Beverages		3,866			3,921			7,775			7,714
	$	9,441		$	9,162		$	18,856		$	18,102
Operating Income:
Food Service	$	15,649		$	17,562		$	31,142		$	32,713
Retail Supermarket		2,535			2,602			3,201			4,566
Frozen Beverages		3,621			168			4,072			1,024
	$	21,805		$	20,332		$	38,415		$	38,303
Capital Expenditures:
Food Service	$	4,656		$	4,991		$	10,812		$	10,839
Retail Supermarket		-			-			-			-
Frozen Beverages		5,132			6,517			9,831			9,986
	$	9,788		$	11,508		$	20,643		$	20,825
Assets:
Food Service	$	532,773		$	505,745		$	532,773		$	505,745
Retail Supermarket		14,452			6,051			14,452			6,051
Frozen Beverages		162,088			154,198			162,088			154,198
	$	709,313		$	665,994		$	709,313		$	665,994

13

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 March 28, 2015 and September 27, 2014 are as follows:

	March 28, 2015				September 27, 2014
	Gross				Gross
	Carrying		Accumulated		Carrying		Accumulated
	Amount		Amortization		Amount		Amortization
	(in thousands)
FOOD SERVICE
Indefinite lived intangible assets
Trade Names	$	13,072	$	-	$	13,072	$	-
Amortized intangible assets
Non compete agreements		592		525		592		509
Customer relationships		40,797		31,775		40,797		29,914
License and rights		3,606		2,755		3,606		2,708
TOTAL FOOD SERVICE	$	58,067	$	35,055	$	58,067	$	33,131
RETAIL SUPERMARKETS
Indefinite lived intangible assets
Trade Names	$	7,206	$	-	$	7,206	$	-
Amortized Intangible Assets
Non compete agreements		160		73		160		34
Customer relationships		7,979		820		7,979		420
TOTAL RETAIL SUPERMARKETS	$	15,345	$	893	$	15,345	$	454
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		5,757		6,478		5,448
Licenses and rights		1,601		819		1,601		784
TOTAL FROZEN BEVERAGES	$	17,592	$	6,774	$	17,592	$	6,430
CONSOLIDATED	$	91,004	$	42,722	$	91,004	$	40,015

14

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. There were no intangible assets acquired in the three and six months ended March 28, 2015. Aggregate amortization expense of intangible assets for the three months ended March 28, 2015 and March 29, 2014 was $1,352,000 and $1,143,000, respectively and for the six months ended March 28, 2015 and March 29, 2014 was $2,707,000 and $2,286,000, respectively.

Estimated amortization expense for the next five fiscal years is approximately $5,400,000 in 2015 and $5,100,000 in 2016, $2,600,000 in 2017, $1,800,000 in 2018 and $1,600,000 in 2019. 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 March 28, 2015	$	46,832	$	3,670	$	35,940	$	86,442
Balance at September 27, 2014	$	46,832	$	3,670	$	35,940	$	86,442

There was no goodwill acquired in the three and six months ended March 28, 2015.

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.

15

Marketable securities held to maturity and available for sale consist primarily of investments in mutual funds and preferred stock.  The fair values of mutual funds are based on quoted market prices in active markets and are classified within Level 1 of the fair value hierarchy.  The fair value of preferred stock is based on quoted prices for identical or similar instruments in markets that are not active.  As a result, preferred stock is classified within Level 2 of the fair value hierarchy. 

The amortized cost, unrealized gains and losses, and fair market values of our investment securities available for sale at March 28, 2015 are summarized as follows:

			Gross		Gross		Fair
	Amortized		Unrealized		Unrealized		Market
	Cost		Gains		Losses		Value
	(in thousands)
Mutual Funds	$	117,366	$	298	$	3,130	$	114,534
Preferred Stock		13,133		105		18		13,220
	$	130,499	$	403	$	3,148	$	127,754

The mutual funds seek current income with an emphasis on maintaining low volatility and overall moderate duration. The unrealized losses of $3.1 million are spread over 28 funds with total fair market value of $98.7 million. The Fixed-to-Floating Perpetual Preferred Stock generate fixed income to call dates in 2018, 2019 and 2025 and then income is based on a spread above LIBOR if the securities are not called. These investment securities 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 amortized cost, unrealized gains and losses, and fair market values of our investment securities held to maturity at September 27, 2014 are summarized as follows:

			Gross		Gross		Fair
	Amortized		Unrealized		Unrealized		Market
	Cost		Gains		Losses		Value
	(in thousands)
US Government Agency Debt	$	2,000	$	-	$	13	$	1,987
Total investment securities held to maturity	$	2,000	$	-	$	13	$	1,987

16

The amortized cost, unrealized gains and losses, and fair market values of our investment securities available for sale at September 27, 2014 are summarized as follows:

			Gross		Gross		Fair
	Amortized		Unrealized		Unrealized		Market
	Cost		Gains		Losses		Value
	(in thousands)
Mutual Funds	$	129,473	$	760	$	2,116	$	128,117
Total investment securities available for sale	$	129,473	$	760	$	2,116	$	128,117

The amortized cost and fair value of the Company’s held to maturity securities by contractual maturity at March 28, 2015 and September 27, 2014 are summarized as follows:

	March 28, 2015				September 27, 2014
			Fair				Fair
	Amortized		Market		Amortized		Market
	Cost		Value		Cost		Value
	(in thousands)
Due in one year or less	$	-	$	-	$	-	$	-
Due after one year through five years		-		-		-		-
Due after five years through ten years		-		-		2,000		1,987
Total held to maturity securities	$	-	$	-	$	2,000	$	1,987
Less current portion		-		-		-		-
Long term held to maturity securities	$	-	$	-	$	2,000	$	1,987

Proceeds from the redemption and sale of marketable securities were $2,000,000 and $13,601,000 in the three and six months ended March 28, 2015, respectively, and $565,000 and $6,060,000 in the three and six months ended March 29, 2014, respectively. Losses of $0 and $509,000 were recorded in the three and six months ended March 28, 2015, respectively, and $36,000 and $296,000 were recorded in the three and six months ended March 29, 2014, respectively. We use the specific identification method to determine the cost of securities sold.

Note 12 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. The business had sales of about $4.3 million in our 2014 fiscal year included in the food service segment. 

17

In May 2014, we acquired the stock of Philly’s Famous Water Ice, Inc. (PHILLY SWIRL). PHILLY SWIRL, located in Tampa, FL, produces frozen novelty products sold primarily to retail supermarket locations throughout the United States and to Canada with annual sales approximating $25 million.  The allocation of the purchase price of $17.4 million is $4.0 million to working capital, $1.2 million to property, plant and equipment, $11.1 million to intangible assets, $1.8 million to goodwill, $4.0 million to deferred tax assets, $95,000 to other assets and $4.8 million to deferred tax liabilities. Sales of PHILLY SWIRL from the acquisition date to September 27, 2014 were $12.6 million and are included in the retail supermarket segment.    

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 inputs).

18

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

	Three Months Ended March 28, 2015									Six Months Ended March 28, 2015
	(unaudited)									(unaudited)
	(in thousands)									(in thousands)
				Unrealized									Unrealized
	Foreign Currency			Holding Loss on						Foreign Currency			Holding Loss on
	Translation			Marketable						Translation			Marketable
	Adjustments			Securities			Total			Adjustments			Securities			Total
Beginning Balance	$	(6,587	)	$	(3,278	)	$	(9,865	)	$	(4,632	)	$	(1,356	)	$	(5,988	)
Other comprehensive income (loss) before reclassifications		(914	)		533			(381	)		(2,869	)		(1,605	)		(4,474	)
Amounts reclassified from accumulated other comprehensive income		-			-			-			-			216			216
Ending Balance	$	(7,501	)	$	(2,745	)	$	(10,246	)	$	(7,501	)	$	(2,745	)	$	(10,246	)

All amounts are net of tax.

	Three Months Ended March 29, 2014									Six Months Ended March 29, 2014
	(unaudited)									(unaudited)
	(in thousands)									(in thousands)
				Unrealized									Unrealized
	Foreign Currency			Holding Loss on						Foreign Currency			Holding Loss on
	Translation			Marketable						Translation			Marketable
	Adjustments			Securities			Total			Adjustments			Securities			Total
Beginning Balance	$	(3,807	)	$	(1,754	)	$	(5,561	)	$	(3,703	)	$	(2,227	)	$	(5,930	)
Other comprehensive income (loss) before reclassifications		(172	)		914			742			(276	)		1,126			850
Amounts reclassified from accumulated other comprehensive income		-			42			42			-			303			303
Ending Balance	$	(3,979	)	$	(798	)	$	(4,777	)	$	(3,979	)	$	(798	)	$	(4,777	)

All amounts are net of tax.

19

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 $.36 per share of its common stock payable on April 2, 2015, to shareholders of record as of the close of business on March 13, 2015.

In our fiscal year ended September 27, 2014, we purchased and retired 81,685 shares of our common stock at a cost of $7,504,729. In the three months ended March 28, 2015 we purchased 4,380 shares at a cost of $443,839 and in the six months ended March 28, 2015, we purchased 20,544 shares at a cost of $2,113,580. 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; 241,629 shares remain to be purchased under this authorization.

In the three months ended March 28, 2015 and March 29, 2014 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 $914,000 in accumulated other comprehensive loss in the 2015 second quarter and an increase of $172,000 accumulated other comprehensive loss in the 2014 second quarter. In the six month period, 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 $2,869,000 in accumulated other comprehensive loss in the 2015 six month period and an increase of $276,000 in accumulated other comprehensive loss in the 2014 six month period.

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 March 28, 2015.

Results of Operations

Net sales increased $19,687,000 or 9.6% to $225,008,000 for the three months and $28,916,000 or 7.1% to $437,760,000 for the six months ended March 28, 2015 compared to the three and six months ended March 29, 2014. Excluding sales of PHILLY SWIRL, which was acquired in the third quarter of fiscal year 2014, sales increased $15,110,000 or 7.3% for the three months and $21,974,000 or 5.4% for the six months.

20

FOOD SERVICE

Sales to food service customers increased $6,933,000 or 5% in the second quarter to $145,262,000 and increased $11,714,000 or 4% for the six months. Soft pretzel sales to the food service market increased 6% to $41,099,000 in the second quarter and increased 5% to $81,817,000 in the six months due to increased sales to school food service and convenience stores and throughout our customer base. Increased sales to two customers accounted for approximately 1/3 of the increase in pretzel sales in the quarter and 50% in the six months. As in the first quarter, soft pretzel sales to restaurant chains this quarter were approximately the same as a year ago. Frozen juices and ices sales decreased 7% to $11,072,000 in the three months and 4% to $19,273,000 in the six months resulting primarily from lower sales to schools in the quarter and to warehouse club stores in the six months. Churro sales to food service customers increased 9% to $14,622,000 in the second quarter and were up less than 1% to $27,589,000 for the six months which was net of a decline in sales of $1,994,000 in the quarter and $4,092,000 in the six months to one restaurant chain which discontinued carrying the product in August 2014. Churro sales to other customers increased 28% in the quarter and 19% in the six months with four customers accounting for 84% and 44% of the increases in the quarter and six months, respectively.

Sales of bakery products increased $4,622,000 or 7% in the second quarter to $70,791,000 and $9,977,000 or 7% for the six months as sales increases to two customers and school food service accounted for all of the sales increases both periods.

Sales of new products in the first twelve months since their introduction were approximately $5.1 million in this quarter and $8.9 million in the six months. Price increases accounted for approximately $1.2 million of sales in the quarter and $4.0 million in the six months and net volume increases, including new product sales as defined above, accounted for approximately $5.7 million of sales in the quarter and $7.7 million in the six months.

Operating income in our Food Service segment decreased from $17,562,000 to $15,649,000 in the quarter and decreased from $32,713,000 to $31,142,000 in the six months. Continuing declines in sales of handhelds resulting in a loss this quarter, sales shift toward lower margin sales to schools and generally higher manufacturing and operating expenses relative to sales were primary reasons for the lower operating income in food service.

RETAIL SUPERMARKETS

Sales of products to retail supermarkets increased $5,483,000 or 24% to $28,533,000 in the second quarter and increased $7,706,000 or 18% to $50,920,000 in the six months. Excluding sales of PHILLY SWIRL, sales were up 4% for the second quarter and 2% for the six months. Soft pretzel sales for the second quarter were up 5% to $10,829,000 and were up 4% to $20,029,000 for the six months due primarily to the newly introduced SUPERPRETZEL BAVARIAN Soft Pretzel Bread. Sales of frozen juices and ices increased $5,320,000 or 63% to $13,722,000 in the second quarter and were up 54% to $22,877,000 for the six months. Without PHILLY SWIRL, sales increased 9% for the second quarter and 7% for the six months primarily making up last year’s drop in sales. Coupon redemption costs, a reduction of sales, increased 35% or about $238,000 for the quarter and increased 46% to $2,000,000 for the six months. Handheld sales to retail supermarket customers decreased 5% to $4,569,000 in the quarter and decreased 6% to $9,448,000 for the six months with sales decreases to two customers accounting for all of the decrease.

21

Sales of new products in the second quarter were approximately $580,000 and were $1.0 million for the six months Price increases accounted for approximately $350,000 of sales in the quarter and $550,000 in the six months and net volume increases including new product sales as defined above and PHILLY SWIRL sales and net of increased coupon costs, accounted for approximately $5.1 million of the sales increase in this quarter and $7.2 million in the six months. Operating income in our Retail Supermarkets segment decreased from $2,602,000 to $2,535,000 in the quarter and from $4,566,000 to $3,201,000 in the six months primarily because of an operating loss of $714,000 by PHILLY SWIRL in the six months due to seasonality, higher coupon expense and advertising expenses to support our SUPERPRETZEL soft pretzel products.

FROZEN BEVERAGES

Frozen beverage and related product sales increased 17% to $51,213,000 in the second quarter and increased 11% to $98,017,000 in the six month period. Beverage related sales alone were up 8% to $28,778,000 in the second quarter and were up 5% to $54,288,000 in the six month period.    Gallon sales were up 10% for the three months and were up 6% for the six month period. Higher sales to movie theaters accounted for about half of the gallons’ increase in both periods. Service revenue increased 20% to $15,723,000 in the second quarter and increased 16% to $31,033,000 for the six month period 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 $2,569,000 or 68% higher in the second quarter and were $2,793,000 or 30% higher in the six month period. The approximate number of company owned frozen beverage dispensers was 51,000 and 49,100 at March 28, 2015 and September 27, 2014, respectively. Operating income in our Frozen Beverage segment was $3,621,000 in this quarter and $4,072,000 for the six months compared to $168,000 and $1,024,000 in last years’ periods, respectively, due primarily to higher sales in all areas of the business. Group health insurance costs were lower by about $450,000 in the quarter and $100,000 in the six months compared to last year due primarily to an unusually high level of medical claims under our self-insured group health insurance program in last year’s second quarter.

22

CONSOLIDATED

Gross profit as a percentage of sales was 29.75% in the three month period this year and 29.76% last year. For the six month period, gross profit as a percentage of sales decreased to 29.25% from 29.60% a year ago. For the quarter and six months, gross profit margins benefited from the improved performance of our frozen beverages business and to a lesser extent slightly higher gross profit margins in our retail supermarkets business. Gross profit margins were lower in our food service segment because of increased lower margin school food service sales, a sharp decline in sales and gross margins in our handhelds business and higher labor cost and manufacturing expenses relative to sales.

Total operating expenses increased $4,364,000 in the second quarter and as a percentage of sales increased from 19.86% percent to 20.06%. For the first half, operating expenses increased $6,920,000, and as a percentage of sales increased from 20.2% to 20.5%. Marketing expenses increased from 8.5% to 8.9% of sales in the quarter and increased from 8.7% to 9.0% of sales in the six months. Roughly 1/2 of the percentage increase in marketing expenses was from increased advertising efforts to support our retail SUPERPRETZEL products. Distribution expenses were 7.8% of sales in this year’s quarter and were 8.0% of sales in last year’s quarter, and were 8.0% in this year’s six month period and 7.9% of sales last years’ six month period. Administrative expenses were 3.3% of sales this quarter and 3.4% for the six month period as compared to 3.3% of sales last year in the second quarter and 3.4% for the six months.

Operating income increased $1,473,000 or 7% to $21,805,000 in the second quarter and increased $112,000 to $38,415,000 in the first half as a result of the aforementioned items.      

Investment income increased by $302,000 and $418,000 in the second quarter and six months, respectively, due primarily to increased investments of marketable securities. We have investments of $114.5 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%. The mutual funds have unrealized losses of $3.1 million which may be realized if sold in the future.

We invested $13.1 million during the first six months in Fixed-to-Floating Perpetual Preferred Stock which generates fixed income to call dates in 2018, 2019 and 2025 and then income is based on a spread above LIBOR if the securities are not called.  We estimate the annual yield from these investments to approximate 5.0%. The mutual funds and the Fixed-to-Floating Perpetual Preferred Stock investment securities 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.

23

The effective income tax rate has been estimated at 36.5% and 36.5% for the quarter this year and last year, respectively and 36.8% and 35.7% for the six months this year and last year, respectively. We are estimating an effective income tax rate of approximately 36.5% for the year. Last year’s six months benefited from a tax reduction because of changes in estimates related to a prior year.

Net earnings increased $1,116,000 or 8% in the current three month period to $14,637,000 and was $25,893,000 for the six months this year compared to $25,947,000 for the six month period last year.

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.

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 2014 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 March 28, 2015, 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 March 28, 2015, that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

24

PART II. OTHER INFORMATION

Item 6.	Exhibits
	Exhibit No.

31.1	&	Certification Pursuant to Section 302 of
31.2		the Sarbanes-Oxley Act of 2002
99.5	&	Certification Pursuant to the 18 U.S.C.
99.6		Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.1		The following financial information from J&J Snack Foods Corp.'s Quarterly Report on Form 10-Q for the quarter ended March 28, 2015, 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

25

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: April 27, 2015	/s/ Gerald B. Shreiber
	Gerald B. Shreiber
	Chairman of the Board,
	President, Chief Executive
	Officer and Director
	(Principal Executive Officer)

Dated: April 27, 2015	/s/ Dennis G. Moore
	Dennis G. Moore, Senior Vice
	President, Chief Financial
	Officer and Director
	(Principal Financial Officer)
	(Principal Accounting Officer)

 26

EX-31.1

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 second 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: April 27, 2015

/s/ Dennis G. Moore

Dennis G. Moore, Senior Vice

President, Chief Financial

Officer and Director

(Principal Financial Officer)

(Principal Accounting Officer)

EX-31.2

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 second 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: April 27, 2015

/s/ Gerald B. Shreiber

Gerald B. Shreiber

Chairman of the Board,

President, Chief Executive

Officer and Director

(Principal Executive Officer)

EX-99.5

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 March 28, 2015 (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: April 27, 2015

/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-99.6

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 March 28, 2015 (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: April 27, 2015

/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.

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Note 10 (Details) - Goodwill by Reporting Segment (USD $) In Thousands, unless otherwise specified	Mar. 28, 2015	Sep. 27, 2014
Goodwill [Line Items]
Balance	$ 86,442	$ 86,442
Food Service [Member]
Goodwill [Line Items]
Balance	46,832	46,832
Retail Supermarket [Member]
Goodwill [Line Items]
Balance	3,670	3,670
Frozen Beverages [Member]
Goodwill [Line Items]
Balance	$ 35,940	$ 35,940

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Note 6 (Details) (USD $)	Mar. 28, 2015	Sep. 27, 2014
Income Tax Disclosure [Abstract]
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	$ 315,000	$ 315,000
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	$ 180,000	$ 180,000

XML

Note 10 (Tables)

6 Months Ended

Mar. 28, 2015

Disclosure Text Block [Abstract]

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

	March 28, 2015				September 27, 2014
	Gross				Gross
	Carrying		Accumulated		Carrying		Accumulated
	Amount		Amortization		Amount		Amortization
	(in thousands)
FOOD SERVICE
Indefinite lived intangible assets
Trade Names	$	13,072	$	-	$	13,072	$	-
Amortized intangible assets
Non compete agreements		592		525		592		509
Customer relationships		40,797		31,775		40,797		29,914
License and rights		3,606		2,755		3,606		2,708
TOTAL FOOD SERVICE	$	58,067	$	35,055	$	58,067	$	33,131
RETAIL SUPERMARKETS
Indefinite lived intangible assets
Trade Names	$	7,206	$	-	$	7,206	$	-
Amortized Intangible Assets
Non compete agreements		160		73		160		34
Customer relationships		7,979		820		7,979		420
TOTAL RETAIL SUPERMARKETS	$	15,345	$	893	$	15,345	$	454
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		5,757		6,478		5,448
Licenses and rights		1,601		819		1,601		784
TOTAL FROZEN BEVERAGES	$	17,592	$	6,774	$	17,592	$	6,430
CONSOLIDATED	$	91,004	$	42,722	$	91,004	$	40,015

Schedule of Goodwill [Table Text Block]

	Food		Retail		Frozen
	Service		Supermarket		Beverages		Total
	(in thousands)
Balance at March 28, 2015	$	46,832	$	3,670	$	35,940	$	86,442
Balance at September 27, 2014	$	46,832	$	3,670	$	35,940	$	86,442

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Note 11 (Details) - Held to Maturity Securities by Contractual Maturity (USD $) In Thousands, unless otherwise specified	Sep. 27, 2014
Held to Maturity Securities by Contractual Maturity [Abstract]
Due after five years through ten years	$ 2,000
Due after five years through ten years	1,987
Total held to maturity securities	2,000
Total held to maturity securities	1,987
Long term held to maturity securities	2,000
Long term held to maturity securities	$ 1,987

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Note 10 (Details) (USD $)	3 Months Ended		6 Months Ended
	Mar. 28, 2015	Mar. 29, 2014	Mar. 28, 2015	Mar. 29, 2014
Note 10 (Details) [Line Items]
Number of Reportable Segments			3
Indefinite-lived Intangible Assets Acquired	$ 0		$ 0
Amortization of Intangible Assets	1,352,000	1,143,000	2,707,000	2,286,000
Finite-Lived Intangible Assets, Amortization Expense, Remainder of Fiscal Year	5,400,000		5,400,000
Finite-Lived Intangible Assets, Amortization Expense, Year Two	5,100,000		5,100,000
Finite-Lived Intangible Assets, Amortization Expense, Year Three	2,600,000		2,600,000
Finite-Lived Intangible Assets, Amortization Expense, Year Four	1,800,000		1,800,000
Finite-Lived Intangible Assets, Amortization Expense, Year Five	1,600,000		1,600,000
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life			10 years 36 days
Goodwill, Acquired During Period	$ 0		$ 0
Minimum [Member]
Note 10 (Details) [Line Items]
Finite-Lived Intangible Asset, Useful Life			3 years
Maximum [Member]
Note 10 (Details) [Line Items]
Finite-Lived Intangible Asset, Useful Life			20 years

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Note 2

6 Months Ended

Mar. 28, 2015

Revenue [Abstract]

Revenue [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 $284,000 and $450,000 at March 28, 2015 and September 27, 2014, respectively.

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Note 12 (Details) (USD $)	3 Months Ended		6 Months Ended		12 Months Ended	5 Months Ended	1 Months Ended
	Mar. 28, 2015	Mar. 29, 2014	Mar. 28, 2015	Mar. 29, 2014	Sep. 27, 2014	Sep. 27, 2014	Oct. 31, 2013	May 31, 2014
Note 12 (Details) [Line Items]
Goodwill, Acquired During Period	$ 0		$ 0
Revenues	225,008,000	205,321,000	437,760,000	408,844,000
Food Service [Member] | New York Pretzel [Member]
Note 12 (Details) [Line Items]
Revenues					4,300,000
Food Service [Member]
Note 12 (Details) [Line Items]
Revenues	145,262,000	138,329,000	288,823,000	277,109,000
Retail Supermarket [Member] | PHILLY SWIRL [Member]
Note 12 (Details) [Line Items]
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual						12,600,000
Retail Supermarket [Member]
Note 12 (Details) [Line Items]
Revenues	28,533,000	23,050,000	50,920,000	43,214,000
New York Pretzel [Member]
Note 12 (Details) [Line Items]
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
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment							3,049,000
PHILLY SWIRL [Member]
Note 12 (Details) [Line Items]
Business Combination, Consideration Transferred								17,400,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill								11,100,000
Goodwill, Acquired During Period								1,800,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment								1,200,000
Business Acquisition, Revenue Reported by Acquired Entity for Last Annual Period								25,000,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Working Capital Acquired								4,000,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Assets Noncurrent								4,000,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets								95,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities Noncurrent								$ 4,800,000

XML

Note 3 (Details) (USD $)	3 Months Ended		6 Months Ended
	Mar. 28, 2015	Mar. 29, 2014	Mar. 28, 2015	Mar. 29, 2014
Note 3 (Details) [Line Items]
Depreciation	$ 8,006,000	$ 7,903,000	$ 15,987,000	$ 15,591,000
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 $)	Mar. 28, 2015	Sep. 27, 2014
Revenue [Abstract]
Allowance for Doubtful Accounts Receivable	$ 284,000	$ 450,000

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Note 13 (Details) - Changes to the Components of Other Comprehensive Loss (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Mar. 28, 2015	Mar. 29, 2014	Mar. 28, 2015	Mar. 29, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	$ (9,865)	$ (5,561)	$ (5,988)	$ (5,930)
Other comprehensive income (loss) before reclassifications	(381)	742	(4,474)	850
Amounts reclassified from accumulated other comprehensive income		42	216	303
Ending Balance	(10,246)	(4,777)	(10,246)	(4,777)
Accumulated Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(6,587)	(3,807)	(4,632)	(3,703)
Other comprehensive income (loss) before reclassifications	(914)	(172)	(2,869)	(276)
Ending Balance	(7,501)	(3,979)	(7,501)	(3,979)
Accumulated Net Unrealized Investment Gain (Loss) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(3,278)	(1,754)	(1,356)	(2,227)
Other comprehensive income (loss) before reclassifications	533	914	(1,605)	1,126
Amounts reclassified from accumulated other comprehensive income		42	216	303
Ending Balance	$ (2,745)	$ (798)	$ (2,745)	$ (798)

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Note 4 (Details) - Calculation of EPS (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Mar. 28, 2015	Mar. 29, 2014	Mar. 28, 2015	Mar. 29, 2014
Basic EPS
Income (Numerator) (in Dollars)	$ 14,637	$ 13,521	$ 25,893	$ 25,947
Shares (Denominator)	18,689	18,693	18,679	18,686
Per Share Amount (in Dollars per share)	$ 0.78	$ 0.72	$ 1.39	$ 1.39
Effect of Dilutive Securities
Income (Numerator)	132	126	132	120
Shares (Denominator) (in Dollars per share)			$ (0.01)	$ (0.01)
Diluted EPS
Income (Numerator) (in Dollars)	$ 14,637	$ 13,521	$ 25,893	$ 25,947
Shares (Denominator)	18,821	18,819	18,811	18,806
Per Share Amount (in Dollars per share)	$ 0.78	$ 0.72	$ 1.38	$ 1.38

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Note 5 (Details) (USD $) In Millions, except Share data, unless otherwise specified	6 Months Ended
	Mar. 28, 2015	Mar. 29, 2014
Note 5 (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	17.80%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	1.60%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate	1.40%
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	148,840	98,975
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 15.23	$ 15.21
Five 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
Ten Year Options [Member]
Note 5 (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Volatility Calculation, Term	10 years
Scenario, Forecast [Member]
Note 5 (Details) [Line Items]
Anticipated Share Based Compensation Net Of Tax Benefits	$ 1.9
Anticipated Share Based Compensation Per Share	$ 0.10

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Note 1

6 Months Ended

Mar. 28, 2015

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 and six months ended March 28, 2015 and March 29, 2014 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 our 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 27, 2014.

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Note 5 (Details) - Share-Based Compensation (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Mar. 28, 2015	Mar. 29, 2014	Mar. 28, 2015	Mar. 29, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share Based Compensation	$ 316	$ 440	$ 748	$ 885
Per diluted share (in Dollars per share)	$ 0.02	$ 0.02	$ 0.04	$ 0.05
The above compensation is net of tax benefits	169	85	261	164
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share Based Compensation	264	388	548	700
Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share Based Compensation	50	48	197	177
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share Based Compensation	$ 2	$ 4	$ 3	$ 8

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Note 11 (Details) (USD $)	3 Months Ended		6 Months Ended
	Mar. 28, 2015	Mar. 29, 2014	Mar. 28, 2015	Mar. 29, 2014
Note 11 (Details) [Line Items]
Proceeds from Sale and Maturity of Marketable Securities	$ 2,000,000	$ 565,000	$ 13,601,000	$ 6,060,000
Marketable Securities, Gain (Loss)	0	(36,000)	(509,000)	(296,000)
Mutual Funds [Member]
Note 11 (Details) [Line Items]
Unrealized Gain (Loss) on Securities			(3,100,000)
Marketable Securities	$ 98,700,000		$ 98,700,000

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Consolidated Balance Sheets (Current Period Unaudited) (USD $) In Thousands, unless otherwise specified	Mar. 28, 2015	Sep. 27, 2014
Current assets
Cash and cash equivalents	$ 88,615	$ 91,760
Accounts receivable, net	95,826	99,972
Inventories, net	87,043	76,083
Prepaid expenses and other	5,588	3,695
Deferred income taxes	4,236	4,096
Total current assets	281,308	275,606
Property, plant and equipment, at cost
Property, plant and equipment, at cost	552,637	538,081
Less accumulated depreciation and amortization	390,419	380,552
Property, plant and equipment, net	162,218	157,529
Other assets
Goodwill	86,442	86,442
Other intangible assets, net	48,282	50,989
Marketable securities held to maturity		2,000
Marketable securities available for sale	127,754	128,117
Other	3,309	4,090
Total other assets	265,787	271,638
Total Assets	709,313	704,773
Current Liabilities
Current obligations under capital leases	273	146
Accounts payable	55,216	59,968
Accrued insurance liability	11,318	10,578
Accrued liabilities	5,471	5,007
Accrued compensation expense	11,164	14,286
Dividends payable	6,729	5,972
Total current liabilities	90,171	95,957
Long-term obligations under capital leases	1,334	374
Deferred income taxes	44,915	44,785
Other long-term liabilities	1,037	1,139
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 18,689,000 and 18,663,000 respectively	33,777	32,621
Accumulated other comprehensive loss	(10,246)	(5,988)
Retained Earnings	548,325	535,885
Total stockholders' equity	571,856	562,518
Total Liabilities and Stockholder's Equity	709,313	704,773
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	201,801	195,566
Marketing Equipment [Member]
Property, plant and equipment, at cost
Property, plant and equipment, at cost	261,437	256,389
Transportation Equipment [Member]
Property, plant and equipment, at cost
Property, plant and equipment, at cost	6,875	6,913
Office Equipment [Member]
Property, plant and equipment, at cost
Property, plant and equipment, at cost	19,564	18,556
Improvements [Member]
Property, plant and equipment, at cost
Property, plant and equipment, at cost	28,083	26,635
Construction in Progress [Member]
Property, plant and equipment, at cost
Property, plant and equipment, at cost	$ 5,640	$ 4,785

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Consolidated Statements of Comprehensive Income (Unaudited) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Mar. 28, 2015	Mar. 29, 2014	Mar. 28, 2015	Mar. 29, 2014
Net Earnings	$ 14,637	$ 13,521	$ 25,893	$ 25,947
Foreign currency translation adjustments	(914)	(172)	(2,869)	(276)
Unrealized holding gain(loss)on marketable securities	533	956	(1,389)	1,429
Total Other Comprehensive Income, net of tax	(381)	784	(4,258)	1,153
Comprehensive Income	$ 14,256	$ 14,305	$ 21,635	$ 27,100

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Note 9 (Details)	6 Months Ended
	Mar. 28, 2015
Segment Reporting [Abstract]
Number of Operating Segments	3
Number of Reportable Segments	3

XML

Note 5 (Tables)

6 Months Ended

Mar. 28, 2015

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				Six months ended
	March 28,		March 29,		March 28,		March 29,
	2015		2014		2015		2014
	(in thousands, except per share amounts)
Stock Options	$	264	$	388	$	548	$	700
Stock purchase plan		50		48		197		177
Restricted stock issued to an employee		2		4		3		8
	$	316	$	440	$	748	$	885
Per diluted share	$	0.02	$	0.02	$	0.04	$	0.05
The above compensation is net of tax benefits	$	169	$	85	$	261	$	164

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Note 9 (Details) - Reportable Segments Operations Information (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Mar. 28, 2015	Mar. 29, 2014	Mar. 28, 2015	Mar. 29, 2014	Sep. 27, 2014
Segment Reporting Information [Line Items]
Revenues	$ 225,008	$ 205,321	$ 437,760	$ 408,844
Depreciation and Amortization:
Depreciation and Amortization	9,441	9,162	18,856	18,102
Operating Income:
Operating Income	21,805	20,332	38,415	38,303
Capital Expenditures:
Capital Expenditures	9,788	11,508	20,643	20,825
Assets:
Assets	709,313	665,994	709,313	665,994	704,773
Food Service [Member] | Soft Pretzels [Member]
Segment Reporting Information [Line Items]
Revenues	41,099	38,815	81,817	78,123
Food Service [Member] | Frozen Juices and Ices [Member]
Segment Reporting Information [Line Items]
Revenues	11,072	11,857	19,273	20,086
Food Service [Member] | Churros [Member]
Segment Reporting Information [Line Items]
Revenues	14,622	13,430	27,589	27,381
Food Service [Member] | Handhelds [Member]
Segment Reporting Information [Line Items]
Revenues	5,044	5,712	10,202	12,116
Food Service [Member] | Bakery [Member]
Segment Reporting Information [Line Items]
Revenues	70,791	66,169	145,222	135,245
Food Service [Member] | Other [Member]
Segment Reporting Information [Line Items]
Revenues	2,634	2,346	4,720	4,158
Food Service [Member]
Segment Reporting Information [Line Items]
Revenues	145,262	138,329	288,823	277,109
Depreciation and Amortization:
Depreciation and Amortization	5,388	5,233	10,641	10,372
Operating Income:
Operating Income	15,649	17,562	31,142	32,713
Capital Expenditures:
Capital Expenditures	4,656	4,991	10,812	10,839
Assets:
Assets	532,773	505,745	532,773	505,745
Retail Supermarket [Member] | Soft Pretzels [Member]
Segment Reporting Information [Line Items]
Revenues	10,829	10,309	20,029	19,224
Retail Supermarket [Member] | Frozen Juices and Ices [Member]
Segment Reporting Information [Line Items]
Revenues	13,722	8,402	22,877	14,825
Retail Supermarket [Member] | Handhelds [Member]
Segment Reporting Information [Line Items]
Revenues	4,569	4,815	9,448	10,102
Retail Supermarket [Member] | Other [Member]
Segment Reporting Information [Line Items]
Revenues	340	213	566	432
Retail Supermarket [Member] | Coupon Redemption [Member]
Segment Reporting Information [Line Items]
Revenues	(927)	(689)	(2,000)	(1,369)
Retail Supermarket [Member]
Segment Reporting Information [Line Items]
Revenues	28,533	23,050	50,920	43,214
Depreciation and Amortization:
Depreciation and Amortization	187	8	440	16
Operating Income:
Operating Income	2,535	2,602	3,201	4,566
Assets:
Assets	14,452	6,051	14,452	6,051
Frozen Beverages [Member] | Other [Member]
Segment Reporting Information [Line Items]
Revenues	384	335	621	593
Frozen Beverages [Member] | Beverages [Member]
Segment Reporting Information [Line Items]
Revenues	28,778	26,713	54,288	51,902
Frozen Beverages [Member] | Repair and Maintenance Service [Member]
Segment Reporting Information [Line Items]
Revenues	15,723	13,135	31,033	26,744
Frozen Beverages [Member] | Machines Sales [Member]
Segment Reporting Information [Line Items]
Revenues	6,328	3,759	12,075	9,282
Frozen Beverages [Member]
Segment Reporting Information [Line Items]
Revenues	51,213	43,942	98,017	88,521
Depreciation and Amortization:
Depreciation and Amortization	3,866	3,921	7,775	7,714
Operating Income:
Operating Income	3,621	168	4,072	1,024
Capital Expenditures:
Capital Expenditures	5,132	6,517	9,831	9,986
Assets:
Assets	$ 162,088	$ 154,198	$ 162,088	$ 154,198

XML

Note 9 (Tables)

6 Months Ended

Mar. 28, 2015

Segment Reporting [Abstract]

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

	Three months ended						Six months ended
	March 28,			March 29,			March 28,			March 29,
	2015			2014			2015			2014
	(unaudited)
	(in thousands)
Sales to External Customers:
Food Service
Soft pretzels	$	41,099		$	38,815		$	81,817		$	78,123
Frozen juices and ices		11,072			11,857			19,273			20,086
Churros		14,622			13,430			27,589			27,381
Handhelds		5,044			5,712			10,202			12,116
Bakery		70,791			66,169			145,222			135,245
Other		2,634			2,346			4,720			4,158
	$	145,262		$	138,329		$	288,823		$	277,109
Retail Supermarket
Soft pretzels	$	10,829		$	10,309		$	20,029		$	19,224
Frozen juices and ices		13,722			8,402			22,877			14,825
Handhelds		4,569			4,815			9,448			10,102
Coupon redemption		(927	)		(689	)		(2,000	)		(1,369	)
Other		340			213			566			432
	$	28,533		$	23,050		$	50,920		$	43,214
Frozen Beverages
Beverages	$	28,778		$	26,713		$	54,288		$	51,902
Repair and maintenance service		15,723			13,135			31,033			26,744
Machines sales		6,328			3,759			12,075			9,282
Other		384			335			621			593
	$	51,213		$	43,942		$	98,017		$	88,521
Consolidated Sales	$	225,008		$	205,321		$	437,760		$	408,844
Depreciation and Amortization:
Food Service	$	5,388		$	5,233		$	10,641		$	10,372
Retail Supermarket		187			8			440			16
Frozen Beverages		3,866			3,921			7,775			7,714
	$	9,441		$	9,162		$	18,856		$	18,102
Operating Income:
Food Service	$	15,649		$	17,562		$	31,142		$	32,713
Retail Supermarket		2,535			2,602			3,201			4,566
Frozen Beverages		3,621			168			4,072			1,024
	$	21,805		$	20,332		$	38,415		$	38,303
Capital Expenditures:
Food Service	$	4,656		$	4,991		$	10,812		$	10,839
Retail Supermarket		-			-			-			-
Frozen Beverages		5,132			6,517			9,831			9,986
	$	9,788		$	11,508		$	20,643		$	20,825
Assets:
Food Service	$	532,773		$	505,745		$	532,773		$	505,745
Retail Supermarket		14,452			6,051			14,452			6,051
Frozen Beverages		162,088			154,198			162,088			154,198
	$	709,313		$	665,994		$	709,313		$	665,994

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Consolidated Statements of Cash Flows (Unaudited) (USD $)	6 Months Ended
	Mar. 28, 2015	Mar. 29, 2014
Operating activities:
Net earnings	$ 25,893,000	$ 25,947,000
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation of fixed assets	15,987,000	15,591,000
Amortization of intangibles and deferred costs	2,869,000	2,511,000
Share-based compensation	1,009,000	1,049,000
Deferred income taxes	14,000	(189,000)
Loss on sale of marketable securities	509,000	296,000
Other	(199,000)	(126,000)
Changes in assets and liabilities net of effects from purchase of companies
Decrease in accounts receivable	3,885,000	636,000
Increase in inventories	(10,448,000)	(5,106,000)
Increase in prepaid expenses	(1,918,000)	(633,000)
Decrease in accounts payable and accrued liabilities	(6,373,000)	(889,000)
Net cash provided by operating activities	31,228,000	39,087,000
Investing activities:
Payment for purchases of companies, net of cash acquired		(11,000,000)
Purchases of property, plant and equipment	(20,643,000)	(20,825,000)
Purchases of marketable securities	(13,136,000)	(25,747,000)
Proceeds from redemption and sales of marketable securities	13,601,000	6,060,000
Proceeds from disposal of property and equipment	862,000	815,000
Other	(56,000)	(92,000)
Net cash used in investing activities	(19,372,000)	(50,789,000)
Financing activities:
Payments to repurchase common stock	(2,114,000)
Proceeds from issuance of stock	2,070,000	1,023,000
Payments on capitalized lease obligations	(105,000)	(204,000)
Payment of cash dividend	(12,696,000)	(8,966,000)
Net cash used in financing activities	(12,845,000)	(8,147,000)
Effect of exchange rate on cash and cash equivalents	(2,156,000)	(195,000)
Net decrease in cash and cash equivalents	(3,145,000)	(20,044,000)
Cash and cash equivalents at beginning of period	91,760,000	97,345,000
Cash and cash equivalents at end of period	$ 88,615,000	$ 77,301,000

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Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) (USD $)	Mar. 28, 2015	Sep. 27, 2014
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	18,689,000	18,663,000
Common, shares outstanding	18,689,000	18,663,000

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Note 10

6 Months Ended

Mar. 28, 2015

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 March 28, 2015 and September 27, 2014 are as follows:

	March 28, 2015				September 27, 2014
	Gross				Gross
	Carrying		Accumulated		Carrying		Accumulated
	Amount		Amortization		Amount		Amortization
	(in thousands)
FOOD SERVICE
Indefinite lived intangible assets
Trade Names	$	13,072	$	-	$	13,072	$	-
Amortized intangible assets
Non compete agreements		592		525		592		509
Customer relationships		40,797		31,775		40,797		29,914
License and rights		3,606		2,755		3,606		2,708
TOTAL FOOD SERVICE	$	58,067	$	35,055	$	58,067	$	33,131
RETAIL SUPERMARKETS
Indefinite lived intangible assets
Trade Names	$	7,206	$	-	$	7,206	$	-
Amortized Intangible Assets
Non compete agreements		160		73		160		34
Customer relationships		7,979		820		7,979		420
TOTAL RETAIL SUPERMARKETS	$	15,345	$	893	$	15,345	$	454
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		5,757		6,478		5,448
Licenses and rights		1,601		819		1,601		784
TOTAL FROZEN BEVERAGES	$	17,592	$	6,774	$	17,592	$	6,430
CONSOLIDATED	$	91,004	$	42,722	$	91,004	$	40,015

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. There were no intangible assets acquired in the three and six months ended March 28, 2015. Aggregate amortization expense of intangible assets for the three months ended March 28, 2015 and March 29, 2014 was $1,352,000 and $1,143,000, respectively and for the six months ended March 28, 2015 and March 29, 2014 was $2,707,000 and $2,286,000, respectively.

Estimated amortization expense for the next five fiscal years is approximately $5,400,000 in 2015 and $5,100,000 in 2016, $2,600,000 in 2017, $1,800,000 in 2018 and $1,600,000 in 2019. 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 March 28, 2015	$	46,832	$	3,670	$	35,940	$	86,442
Balance at September 27, 2014	$	46,832	$	3,670	$	35,940	$	86,442

There was no goodwill acquired in the three and six months ended March 28, 2015.

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Document And Entity Information	6 Months Ended
	Mar. 28, 2015	Apr. 20, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	J&J SNACK FOODS CORP
Document Type	10-Q
Current Fiscal Year End Date	--09-26
Entity Common Stock, Shares Outstanding		18,691,274
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	Mar. 28, 2015
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q2

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Note 11

6 Months Ended

Mar. 28, 2015

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 consist primarily of investments in mutual funds and preferred stock.  The fair values of mutual funds are based on quoted market prices in active markets and are classified within Level 1 of the fair value hierarchy.  The fair value of preferred stock is based on quoted prices for identical or similar instruments in markets that are not active.  As a result, preferred stock is classified within Level 2 of the fair value hierarchy. 

The amortized cost, unrealized gains and losses, and fair market values of our investment securities available for sale at March 28, 2015 are summarized as follows:

			Gross		Gross		Fair
	Amortized		Unrealized		Unrealized		Market
	Cost		Gains		Losses		Value
	(in thousands)
Mutual Funds	$	117,366	$	298	$	3,130	$	114,534
Preferred Stock		13,133		105		18		13,220
	$	130,499	$	403	$	3,148	$	127,754

The mutual funds seek current income with an emphasis on maintaining low volatility and overall moderate duration. The unrealized losses of $3.1 million are spread over 28 funds with total fair market value of $98.7 million. The Fixed-to-Floating Perpetual Preferred Stock generate fixed income to call dates in 2018, 2019 and 2025 and then income is based on a spread above LIBOR if the securities are not called. These investment securities 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 amortized cost, unrealized gains and losses, and fair market values of our investment securities held to maturity at September 27, 2014 are summarized as follows:

			Gross		Gross		Fair
	Amortized		Unrealized		Unrealized		Market
	Cost		Gains		Losses		Value
	(in thousands)
US Government Agency Debt	$	2,000	$	-	$	13	$	1,987
Total investment securities held to maturity	$	2,000	$	-	$	13	$	1,987

The amortized cost, unrealized gains and losses, and fair market values of our investment securities available for sale at September 27, 2014 are summarized as follows:

			Gross		Gross		Fair
	Amortized		Unrealized		Unrealized		Market
	Cost		Gains		Losses		Value
	(in thousands)
Mutual Funds	$	129,473	$	760	$	2,116	$	128,117
Total investment securities available for sale	$	129,473	$	760	$	2,116	$	128,117

The amortized cost and fair value of the Company’s held to maturity securities by contractual maturity at March 28, 2015 and September 27, 2014 are summarized as follows:

	March 28, 2015				September 27, 2014
			Fair				Fair
	Amortized		Market		Amortized		Market
	Cost		Value		Cost		Value
	(in thousands)
Due in one year or less	$	-	$	-	$	-	$	-
Due after one year through five years		-		-		-		-
Due after five years through ten years		-		-		2,000		1,987
Total held to maturity securities	$	-	$	-	$	2,000	$	1,987
Less current portion		-		-		-		-
Long term held to maturity securities	$	-	$	-	$	2,000	$	1,987

Proceeds from the redemption and sale of marketable securities were $2,000,000 and $13,601,000 in the three and six months ended March 28, 2015, respectively, and $565,000 and $6,060,000 in the three and six months ended March 29, 2014, respectively. Losses of $0 and $509,000 were recorded in the three and six months ended March 28, 2015, respectively, and $36,000 and $296,000 were recorded in the three and six months ended March 29, 2014, respectively. 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				6 Months Ended
	Mar. 28, 2015		Mar. 29, 2014		Mar. 28, 2015		Mar. 29, 2014
Net Sales	$ 225,008		$ 205,321		$ 437,760		$ 408,844
Cost of goods sold(1)	158,058	[1]	144,208	[1]	309,709	[1]	287,825	[1]
Gross Profit	66,950		61,113		128,051		121,019
Operating expenses
Marketing (2)	19,986	[2]	17,519	[2]	39,473	[2]	35,551	[2]
Distribution (3)	17,633	[3]	16,382	[3]	35,154	[3]	32,502	[3]
Administrative (4)	7,462	[4]	6,781	[4]	14,987	[4]	13,765	[4]
Other general expense	64		99		22		898
	45,145		40,781		89,636		82,716
Operating Income	21,805		20,332		38,415		38,303
Other income (expense)
Investment income	1,278		976		2,632		2,114
Interest expense & other	(30)		(27)		(54)		(63)
Earnings before income taxes	23,053		21,281		40,993		40,354
Income taxes	8,416		7,760		15,100		14,407
NET EARNINGS	$ 14,637		$ 13,521		$ 25,893		$ 25,947
Earnings per diluted share (in Dollars per share)	$ 0.78		$ 0.72		$ 1.38		$ 1.38
Weighted average number of diluted shares (in Shares)	18,821		18,819		18,811		18,806
Earnings per basic share (in Dollars per share)	$ 0.78		$ 0.72		$ 1.39		$ 1.39
Weighted average number of basic shares (in Shares)	18,689		18,693		18,679		18,686

[1] Includes share-based compensation expense of $108 and $220 for the three months and six months ended March 28, 2015, respectively and $117 and $235 for the three months and six months ended March 29, 2014.

[2] Includes share-based compensation expense of $158 and $330 for the three months and six months ended March 28,2015, respectively and $170 and $340 for the three months and six months ended March 29, 2014.

[3] Includes share-based compensation expense of $10 and $21 for the three months and six months ended March 28, 2015, respectively and $11 and $21 for the three months and six months ended March 29, 2014.

[4] Includes share-based compensation expense of $209 and $438 for the three months and six months ended March 28, 2015, respectively and $227 and $453 for the three months and six months ended March 29, 2014.

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Note 5

6 Months Ended

Mar. 28, 2015

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

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

Note 5 At March 28, 2015, the Company has three stock-based employee compensation plans. Share-based compensation was recognized as follows:

	Three months ended				Six months ended
	March 28,		March 29,		March 28,		March 29,
	2015		2014		2015		2014
	(in thousands, except per share amounts)
Stock Options	$	264	$	388	$	548	$	700
Stock purchase plan		50		48		197		177
Restricted stock issued to an employee		2		4		3		8
	$	316	$	440	$	748	$	885
Per diluted share	$	0.02	$	0.02	$	0.04	$	0.05
The above compensation is net of tax benefits	$	169	$	85	$	261	$	164

The Company anticipates that share-based compensation will not exceed $1.9 million net of tax benefits, or approximately $.10 per share for the fiscal year ending September 26, 2015.

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 2015 first six months: expected volatility of 17.8%; risk-free interest rate of 1.6%; dividend rate of 1.4% and expected lives of 5 years.

During the 2015 six month period, the Company granted 148,840 stock options. The weighted-average grant date fair value of these options was $15.23. During the 2014 six month period, the Company granted 98,975 stock options. The weighted-average grant date fair value of these options was $15.21.

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

6 Months Ended

Mar. 28, 2015

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 March 28,2015
	Income		Shares		Per Share
	(Numerator)		(Denominator)		Amount
	(in thousands, except per share amounts)
Basic EPS
Net Earnings available to common stockholders	$	14,637		18,689	$	0.78
Effect of Dilutive Securities
Options		-		132		-
Diluted EPS
Net Earnings available to common stockholders plus assumed conversions	$	14,637		18,821	$	0.78

	Six Months Ended March 28, 2015
	Income		Shares		Per Share
	(Numerator)		(Denominator)		Amount
	(in thousands, except per share amounts)
Basic EPS
Net Earnings available to common stockholders	$	25,893		18,679	$	1.39
Effect of Dilutive Securities
Options		-		132		(0.01	)
Diluted EPS
Net Earnings available to common stockholders plus assumed conversions	$	25,893		18,811	$	1.38

	Three Months Ended March 29, 2014
	Income		Shares		Per Share
	(Numerator)		(Denominator)		Amount
	(in thousands, except per share amounts)
Basic EPS
Net Earnings available to common stockholders	$	13,521		18,693	$	0.72
Effect of Dilutive Securities
Options		-		126		-
Diluted EPS
Net Earnings available to common stockholders plus assumed conversions	$	13,521		18,819	$	0.72

	Six Months Ended March 29, 2014
	Income		Shares		Per Share
	(Numerator)		(Denominator)		Amount
	(in thousands, except per share amounts)
Basic EPS
Net Earnings available to common stockholders	$	25,947		18,686	$	1.39
Effect of Dilutive Securities
Options		-		120		(0.01	)
Diluted EPS
Net Earnings available to common stockholders plus assumed conversions	$	25,947		18,806	$	1.38

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Note 8 (Tables)

6 Months Ended

Mar. 28, 2015

Inventory Disclosure [Abstract]

Schedule of Inventory, Current [Table Text Block]

	March 28,		September 27,
	2015		2014
	(unaudited)
	(in thousands)
Finished goods	$	38,926	$	33,189
Raw Materials		18,085		15,632
Packaging materials		6,720		6,107
Equipment parts & other		23,312		21,155
	$	87,043	$	76,083
The above inventories are net of reserves	$	2,621	$	3,982

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Note 12

6 Months Ended

Mar. 28, 2015

Business Combinations [Abstract]

Business Combination Disclosure [Text Block]

Note 12 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. The business had sales of about $4.3 million in our 2014 fiscal year included in the food service segment. 

In May 2014, we acquired the stock of Philly’s Famous Water Ice, Inc. (PHILLY SWIRL). PHILLY SWIRL, located in Tampa, FL, produces frozen novelty products sold primarily to retail supermarket locations throughout the United States and to Canada with annual sales approximating $25 million.  The allocation of the purchase price of $17.4 million is $4.0 million to working capital, $1.2 million to property, plant and equipment, $11.1 million to intangible assets, $1.8 million to goodwill, $4.0 million to deferred tax assets, $95,000 to other assets and $4.8 million to deferred tax liabilities. Sales of PHILLY SWIRL from the acquisition date to September 27, 2014 were $12.6 million and are included in the retail supermarket segment.    

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 inputs).

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Note 8

6 Months Ended

Mar. 28, 2015

Inventory Disclosure [Abstract]

Inventory Disclosure [Text Block]

Note 8 Inventories consist of the following:

	March 28,		September 27,
	2015		2014
	(unaudited)
	(in thousands)
Finished goods	$	38,926	$	33,189
Raw Materials		18,085		15,632
Packaging materials		6,720		6,107
Equipment parts & other		23,312		21,155
	$	87,043	$	76,083
The above inventories are net of reserves	$	2,621	$	3,982

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Note 6

6 Months Ended

Mar. 28, 2015

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 $315,000 and $315,000 on March 28, 2015 and September 27, 2014, 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 March 28, 2015 and September 27, 2014, respectively, the Company has $180,000 and $180,000 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

6 Months Ended

Mar. 28, 2015

New Accounting Pronouncements and Changes in Accounting Principles [Abstract]

New Accounting Pronouncements and Changes in Accounting Principles [Text Block]

Note 7 In May 2014, the FASB issued guidance on revenue recognition which says that we should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration which we expect to be entitled in exchange for those goods or services.  This guidance is effective for our fiscal year ending September 2019.  Early application is not permitted.  We will assess the impact this guidance will have on our consolidated financial statements.

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Note 9

6 Months Ended

Mar. 28, 2015

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.

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 to the retail supermarket channel 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 and sorbet, PHILLY SWIRL cups and sticks, ICEE Squeeze-Up Tubes and dough enrobed handheld products including PATIO burritos. 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, 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						Six months ended
	March 28,			March 29,			March 28,			March 29,
	2015			2014			2015			2014
	(unaudited)
	(in thousands)
Sales to External Customers:
Food Service
Soft pretzels	$	41,099		$	38,815		$	81,817		$	78,123
Frozen juices and ices		11,072			11,857			19,273			20,086
Churros		14,622			13,430			27,589			27,381
Handhelds		5,044			5,712			10,202			12,116
Bakery		70,791			66,169			145,222			135,245
Other		2,634			2,346			4,720			4,158
	$	145,262		$	138,329		$	288,823		$	277,109
Retail Supermarket
Soft pretzels	$	10,829		$	10,309		$	20,029		$	19,224
Frozen juices and ices		13,722			8,402			22,877			14,825
Handhelds		4,569			4,815			9,448			10,102
Coupon redemption		(927	)		(689	)		(2,000	)		(1,369	)
Other		340			213			566			432
	$	28,533		$	23,050		$	50,920		$	43,214
Frozen Beverages
Beverages	$	28,778		$	26,713		$	54,288		$	51,902
Repair and maintenance service		15,723			13,135			31,033			26,744
Machines sales		6,328			3,759			12,075			9,282
Other		384			335			621			593
	$	51,213		$	43,942		$	98,017		$	88,521
Consolidated Sales	$	225,008		$	205,321		$	437,760		$	408,844
Depreciation and Amortization:
Food Service	$	5,388		$	5,233		$	10,641		$	10,372
Retail Supermarket		187			8			440			16
Frozen Beverages		3,866			3,921			7,775			7,714
	$	9,441		$	9,162		$	18,856		$	18,102
Operating Income:
Food Service	$	15,649		$	17,562		$	31,142		$	32,713
Retail Supermarket		2,535			2,602			3,201			4,566
Frozen Beverages		3,621			168			4,072			1,024
	$	21,805		$	20,332		$	38,415		$	38,303
Capital Expenditures:
Food Service	$	4,656		$	4,991		$	10,812		$	10,839
Retail Supermarket		-			-			-			-
Frozen Beverages		5,132			6,517			9,831			9,986
	$	9,788		$	11,508		$	20,643		$	20,825
Assets:
Food Service	$	532,773		$	505,745		$	532,773		$	505,745
Retail Supermarket		14,452			6,051			14,452			6,051
Frozen Beverages		162,088			154,198			162,088			154,198
	$	709,313		$	665,994		$	709,313		$	665,994

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Note 8 (Details) - Inventories (USD $) In Thousands, unless otherwise specified	Mar. 28, 2015	Sep. 27, 2014
Inventories [Abstract]
Finished goods	$ 38,926	$ 33,189
Raw Materials	18,085	15,632
Packaging materials	6,720	6,107
Equipment parts & other	23,312	21,155
	87,043	76,083
The above inventories are net of reserves	$ 2,621	$ 3,982

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Note 4 (Tables)

6 Months Ended

Mar. 28, 2015

Earnings Per Share [Abstract]

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

	Three Months Ended March 28,2015
	Income		Shares		Per Share
	(Numerator)		(Denominator)		Amount
	(in thousands, except per share amounts)
Basic EPS
Net Earnings available to common stockholders	$	14,637		18,689	$	0.78
Effect of Dilutive Securities
Options		-		132		-
Diluted EPS
Net Earnings available to common stockholders plus assumed conversions	$	14,637		18,821	$	0.78

	Six Months Ended March 28, 2015
	Income		Shares		Per Share
	(Numerator)		(Denominator)		Amount
	(in thousands, except per share amounts)
Basic EPS
Net Earnings available to common stockholders	$	25,893		18,679	$	1.39
Effect of Dilutive Securities
Options		-		132		(0.01	)
Diluted EPS
Net Earnings available to common stockholders plus assumed conversions	$	25,893		18,811	$	1.38

	Three Months Ended March 29, 2014
	Income		Shares		Per Share
	(Numerator)		(Denominator)		Amount
	(in thousands, except per share amounts)
Basic EPS
Net Earnings available to common stockholders	$	13,521		18,693	$	0.72
Effect of Dilutive Securities
Options		-		126		-
Diluted EPS
Net Earnings available to common stockholders plus assumed conversions	$	13,521		18,819	$	0.72

	Six Months Ended March 29, 2014
	Income		Shares		Per Share
	(Numerator)		(Denominator)		Amount
	(in thousands, except per share amounts)
Basic EPS
Net Earnings available to common stockholders	$	25,947		18,686	$	1.39
Effect of Dilutive Securities
Options		-		120		(0.01	)
Diluted EPS
Net Earnings available to common stockholders plus assumed conversions	$	25,947		18,806	$	1.38

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Note 11 (Tables)

6 Months Ended

Mar. 28, 2015

Fair Value Disclosures [Abstract]

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

			Gross		Gross		Fair
	Amortized		Unrealized		Unrealized		Market
	Cost		Gains		Losses		Value
	(in thousands)
Mutual Funds	$	117,366	$	298	$	3,130	$	114,534
Preferred Stock		13,133		105		18		13,220
	$	130,499	$	403	$	3,148	$	127,754

			Gross		Gross		Fair
	Amortized		Unrealized		Unrealized		Market
	Cost		Gains		Losses		Value
	(in thousands)
US Government Agency Debt	$	2,000	$	-	$	13	$	1,987
Total investment securities held to maturity	$	2,000	$	-	$	13	$	1,987

			Gross		Gross		Fair
	Amortized		Unrealized		Unrealized		Market
	Cost		Gains		Losses		Value
	(in thousands)
Mutual Funds	$	129,473	$	760	$	2,116	$	128,117
Total investment securities available for sale	$	129,473	$	760	$	2,116	$	128,117

Investments Classified by Contractual Maturity Date [Table Text Block]

	March 28, 2015				September 27, 2014
			Fair				Fair
	Amortized		Market		Amortized		Market
	Cost		Value		Cost		Value
	(in thousands)
Due in one year or less	$	-	$	-	$	-	$	-
Due after one year through five years		-		-		-		-
Due after five years through ten years		-		-		2,000		1,987
Total held to maturity securities	$	-	$	-	$	2,000	$	1,987
Less current portion		-		-		-		-
Long term held to maturity securities	$	-	$	-	$	2,000	$	1,987

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Note 11 (Details) - Summary of Securities (USD $) In Thousands, unless otherwise specified	6 Months Ended	12 Months Ended
	Mar. 28, 2015	Sep. 27, 2014
Note 11 (Details) - Summary of Securities [Line Items]
Amortized cost - available for sale	$ 130,499	$ 129,473
Gross unrealized gains - available for sale	403	760
Gross unrealized losses - available for sale	3,148	2,116
Fair market value - available for sale	127,754	128,117
Amortized cost - held to maturity		2,000
Gross unrealized gains - held to maturity		0
Gross unrealized losses - held to maturity		13
Fair market value - held to maturity		1,987
US Government Corporations and Agencies Securities [Member]
Note 11 (Details) - Summary of Securities [Line Items]
Amortized cost - available for sale	117,366
Gross unrealized gains - available for sale	298
Gross unrealized losses - available for sale	3,130
Fair market value - available for sale	114,534
Amortized cost - held to maturity		2,000
Gross unrealized gains - held to maturity		0
Gross unrealized losses - held to maturity		13
Fair market value - held to maturity		1,987
Preferred Stock [Member]
Note 11 (Details) - Summary of Securities [Line Items]
Amortized cost - available for sale	13,133
Gross unrealized gains - available for sale	105
Gross unrealized losses - available for sale	18
Fair market value - available for sale	13,220
Mutual Funds [Member]
Note 11 (Details) - Summary of Securities [Line Items]
Amortized cost - available for sale		129,473
Gross unrealized gains - available for sale		760
Gross unrealized losses - available for sale		2,116
Fair market value - available for sale		$ 128,117

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Consolidated Statements of Earnings (Unaudited) (Parentheticals) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Mar. 28, 2015	Mar. 29, 2014	Mar. 28, 2015	Mar. 29, 2014
Allocated Share Based Compensation	$ 316	$ 440	$ 748	$ 885
Cost Of Goods Sold [Member]
Allocated Share Based Compensation	108	117	220	235
Marketing [Member]
Allocated Share Based Compensation	158	170	330	340
Distribution [Member]
Allocated Share Based Compensation	10	11	21	21
Administrative [Member]
Allocated Share Based Compensation	$ 209	$ 227	$ 438	$ 453

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Note 3

6 Months Ended

Mar. 28, 2015

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 $8,006,000 and $7,903,000 for the three months ended March 28, 2015 and March 29, 2014, respectively, and for the six months ended March 28, 2015 and March 29, 2014 was $15,987,000 and $15,591,000 respectively.

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Note 13 (Tables)

6 Months Ended

Mar. 28, 2015

Disclosure Text Block [Abstract]

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

	Three Months Ended March 28, 2015									Six Months Ended March 28, 2015
	(unaudited)									(unaudited)
	(in thousands)									(in thousands)
				Unrealized									Unrealized
	Foreign Currency			Holding Loss on						Foreign Currency			Holding Loss on
	Translation			Marketable						Translation			Marketable
	Adjustments			Securities			Total			Adjustments			Securities			Total
Beginning Balance	$	(6,587	)	$	(3,278	)	$	(9,865	)	$	(4,632	)	$	(1,356	)	$	(5,988	)
Other comprehensive income (loss) before reclassifications		(914	)		533			(381	)		(2,869	)		(1,605	)		(4,474	)
Amounts reclassified from accumulated other comprehensive income		-			-			-			-			216			216
Ending Balance	$	(7,501	)	$	(2,745	)	$	(10,246	)	$	(7,501	)	$	(2,745	)	$	(10,246	)

	Three Months Ended March 29, 2014									Six Months Ended March 29, 2014
	(unaudited)									(unaudited)
	(in thousands)									(in thousands)
				Unrealized									Unrealized
	Foreign Currency			Holding Loss on						Foreign Currency			Holding Loss on
	Translation			Marketable						Translation			Marketable
	Adjustments			Securities			Total			Adjustments			Securities			Total
Beginning Balance	$	(3,807	)	$	(1,754	)	$	(5,561	)	$	(3,703	)	$	(2,227	)	$	(5,930	)
Other comprehensive income (loss) before reclassifications		(172	)		914			742			(276	)		1,126			850
Amounts reclassified from accumulated other comprehensive income		-			42			42			-			303			303
Ending Balance	$	(3,979	)	$	(798	)	$	(4,777	)	$	(3,979	)	$	(798	)	$	(4,777	)

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Note 10 (Details) - Intangible Assets by Reporting Segment (USD $) In Thousands, unless otherwise specified	Mar. 28, 2015	Sep. 27, 2014
Amortized intangible assets
Accumulated Amortization	$ 42,722	$ 40,015
Gross Carrying Amount	91,004	91,004
Trade Names [Member] | Food Service [Member]
Indefinite lived intangible assets
Gross Carrying Amount	13,072	13,072
Trade Names [Member] | Retail Supermarket [Member]
Indefinite lived intangible assets
Gross Carrying Amount	7,206	7,206
Trade Names [Member] | Frozen Beverages [Member]
Indefinite lived intangible assets
Gross Carrying Amount	9,315	9,315
Food Service [Member] | Noncompete Agreements [Member]
Amortized intangible assets
Gross Carrying Amount	592	592
Accumulated Amortization	525	509
Food Service [Member] | Customer Relationships [Member]
Amortized intangible assets
Gross Carrying Amount	40,797	40,797
Accumulated Amortization	31,775	29,914
Food Service [Member] | License and Rights [Member]
Amortized intangible assets
Gross Carrying Amount	3,606	3,606
Accumulated Amortization	2,755	2,708
Food Service [Member]
Amortized intangible assets
Accumulated Amortization	35,055	33,131
Gross Carrying Amount	58,067	58,067
Retail Supermarket [Member] | Noncompete Agreements [Member]
Amortized intangible assets
Gross Carrying Amount	160	160
Accumulated Amortization	73	34
Retail Supermarket [Member] | Customer Relationships [Member]
Amortized intangible assets
Gross Carrying Amount	7,979	7,979
Accumulated Amortization	820	420
Retail Supermarket [Member]
Amortized intangible assets
Accumulated Amortization	893	454
Gross Carrying Amount	15,345	15,345
Frozen Beverages [Member] | Noncompete Agreements [Member]
Amortized intangible assets
Gross Carrying Amount	198	198
Accumulated Amortization	198	198
Frozen Beverages [Member] | Customer Relationships [Member]
Amortized intangible assets
Gross Carrying Amount	6,478	6,478
Accumulated Amortization	5,757	5,448
Frozen Beverages [Member] | License and Rights [Member]
Amortized intangible assets
Gross Carrying Amount	1,601	1,601
Accumulated Amortization	819	784
Frozen Beverages [Member]
Amortized intangible assets
Accumulated Amortization	6,774	6,430
Gross Carrying Amount	$ 17,592	$ 17,592

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Note 13

6 Months Ended

Mar. 28, 2015

Disclosure Text Block [Abstract]

Comprehensive Income (Loss) Note [Text Block]

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

	Three Months Ended March 28, 2015									Six Months Ended March 28, 2015
	(unaudited)									(unaudited)
	(in thousands)									(in thousands)
				Unrealized									Unrealized
	Foreign Currency			Holding Loss on						Foreign Currency			Holding Loss on
	Translation			Marketable						Translation			Marketable
	Adjustments			Securities			Total			Adjustments			Securities			Total
Beginning Balance	$	(6,587	)	$	(3,278	)	$	(9,865	)	$	(4,632	)	$	(1,356	)	$	(5,988	)
Other comprehensive income (loss) before reclassifications		(914	)		533			(381	)		(2,869	)		(1,605	)		(4,474	)
Amounts reclassified from accumulated other comprehensive income		-			-			-			-			216			216
Ending Balance	$	(7,501	)	$	(2,745	)	$	(10,246	)	$	(7,501	)	$	(2,745	)	$	(10,246	)

All amounts are net of tax.

	Three Months Ended March 29, 2014									Six Months Ended March 29, 2014
	(unaudited)									(unaudited)
	(in thousands)									(in thousands)
				Unrealized									Unrealized
	Foreign Currency			Holding Loss on						Foreign Currency			Holding Loss on
	Translation			Marketable						Translation			Marketable
	Adjustments			Securities			Total			Adjustments			Securities			Total
Beginning Balance	$	(3,807	)	$	(1,754	)	$	(5,561	)	$	(3,703	)	$	(2,227	)	$	(5,930	)
Other comprehensive income (loss) before reclassifications		(172	)		914			742			(276	)		1,126			850
Amounts reclassified from accumulated other comprehensive income		-			42			42			-			303			303
Ending Balance	$	(3,979	)	$	(798	)	$	(4,777	)	$	(3,979	)	$	(798	)	$	(4,777	)

All amounts are net of tax.