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Note 10
9 Months Ended
Jun. 25, 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 June 25, 2016 and September 26, 2015 are as follows:
 
 
 
 
June 25, 2016
 
 
September 26, 2015
 
 
 
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       557       592       538  
Customer relationships
    40,797       36,296       40,797       33,584  
License and rights
    3,606       2,869       3,606       2,802  
TOTAL FOOD SERVICE
  $ 58,067     $ 39,722     $ 58,067     $ 36,924  
                                 
RETAIL SUPERMARKETS
                               
                                 
Indefinite lived intangible assets
                               
Trade Names
  $ 7,206     $ -     $ 7,206     $ -  
                                 
Amortized Intangible Assets
                               
Non compete agreements
    160       160       160       114  
Customer relationships
    7,979       1,821       7,979       1,220  
TOTAL RETAIL SUPERMARKETS
  $ 15,345     $ 1,981     $ 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       6,501       6,678       6,075  
Licenses and rights
    1,601       907       1,601       854  
TOTAL FROZEN BEVERAGES
  $ 17,792     $ 7,606     $ 17,792     $ 7,127  
                                 
CONSOLIDATED
  $ 91,204     $ 49,309     $ 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 nine months ended June 25, 2016. Aggregate amortization expense of intangible assets for the three months ended June 25, 2016 and June 27, 2015 was $1,267,000 and $1,332,000, respectively and for the nine months ended June 25, 2016 and June 27, 2015 was $3,924,000 and $4,039,000, 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     Retail     Frozen          
    Service     Supermarket     Beverages     Total  
    (in thousands)  
Balance at June 25, 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 nine months ended June 25, 2016.