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Note 10
6 Months Ended
Mar. 26, 2016
Notes to Financial Statements  
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 26, 2016 and September 26, 2015 are as follows:
 
 
 
March 26, 2016
 
 
September 26, 2015
 
 
 
Gross
Carrying
Amount
 
 
Accumulated
Amortization
 
 
Gross
Carrying
Amount
 
 
Accumulated
Amortization
 
 
 
(in thousands)
 
                                 
FOOD SERVICE
                               
Indefinite lived intangible
assets
                               
Trade Names
  $ 13,072     $ -     $ 13,072     $ -  
                                 
Amortized intangible assets
                               
Non compete agreements
    592       551       592       538  
Customer relationships
    40,797       35,392       40,797       33,584  
License and rights
    3,606       2,848       3,606       2,802  
TOTAL FOOD SERVICE
  $ 58,067     $ 38,791     $ 58,067     $ 36,924  
                                 
RETAIL SUPERMARKETS
                               
                                 
Indefinite lived intangible
assets
                               
Trade Names
  $ 7,206     $ -     $ 7,206     $ -  
                                 
Amortized Intangible Assets
                               
Non compete agreements
    160       150       160       114  
Customer relationships
    7,979       1,621       7,979       1,220  
TOTAL RETAIL SUPERMARKETS
  $ 15,345     $ 1,771     $ 15,345     $ 1,334  
                                 
                                 
FROZEN BEVERAGES
                               
                                 
Indefinite lived intangible
assets
                               
Trade Names
  $ 9,315     $ -     $ 9,315     $ -  
                                 
Amortized intangible assets
                               
Non compete agreements
    198       198       198       198  
Customer relationships
    6,678       6,393       6,678       6,075  
Licenses and rights
    1,601       889       1,601       854  
TOTAL FROZEN BEVERAGES
  $ 17,792     $ 7,480     $ 17,792     $ 7,127  
                                 
CONSOLIDATED
  $ 91,204     $ 48,042     $ 91,204     $ 45,385  
 
 
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 26, 2016. Aggregate amortization expense of intangible assets for the three months ended March 26, 2016 and March 28, 2015 was $1,328,000 and $1,352,000, respectively and for the six months ended March 26, 2016 and March 28, 2015 was $2,657,000 and $2,707,000, respectively.
 
Estimated amortization expense for the next five fiscal years is approximately $5,100,000 in 2016, $2,600,000 in 2017, $1,800,000 in 2018, $1,700,000 in 2019 and $1,400,000 in 2020. The weighted average amortization period of the intangible assets is 10.0 years.
 
Goodwill
 
The carrying amounts of goodwill for the Food Service, Retail Supermarket and Frozen Beverage segments are as follows:
 
   
Food
Service
   
Retail
Supermarket
   
Frozen
Beverages
    Total  
    (in thousands)  
Balance at
March 26,
2016
  $ 46,832     $ 3,670     $ 35,940     $ 86,442  
                                 
Balance at
September 26,
2015
  $ 46,832     $ 3,670     $ 35,940     $ 86,442  
 
 
There was no goodwill acquired in the three and six months ended March 26, 2016.