Note 10

3 Months Ended

Dec. 29, 2018

Notes to Financial Statements

Goodwill and 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

December 29, 2018

and

September 29, 2018

are as follows:

	December 29, 2018				September 29, 2018
	Gross				Gross
	Carrying		Accumulated		Carrying		Accumulated
	Amount		Amortization		Amount		Amortization
			(in thousands)
FOOD SERVICE
Indefinite lived intangible assets
Trade names	$	16,628	$	-	$	16,628	$	-
Amortized intangible assets
Non compete agreements		858		482		980		538
Customer relationships		19,900		8,502		20,510		8,600
License and rights		1,690		1,164		1,690		1,143
TOTAL FOOD SERVICE	$	39,076	$	10,148	$	39,808	$	10,281
RETAIL SUPERMARKETS
Indefinite lived intangible assets
Trade names	$	6,557	$	-	$	6,557	$	-
Amortized Intangible Assets
Trade names		649		292		649		260
Customer relationships		7,979		3,823		7,979		3,623
TOTAL RETAIL SUPERMARKETS	$	15,185	$	4,115	$	15,185	$	3,883
FROZEN BEVERAGES
Indefinite lived intangible assets
Trade names	$	9,315	$	-	$	9,315	$	-
Distribution rights		6,900		-		6,900		-
Amortized intangible assets
Customer relationships		257		83		257		76
Licenses and rights		1,400		880		1,400		863
TOTAL FROZEN BEVERAGES	$	17,872	$	963	$	17,872	$	939
CONSOLIDATED	$	72,133	$	15,226	$	72,865	$	15,103

Fully amortized intangible assets have been removed from the

December 29, 2018

amounts.

Amortizing intangible assets are being amortized by the straight-line method over periods ranging from

2

to

20

years and amortization expense is reflected throughout operating expenses. Aggregate amortization expense of intangible assets for the

three

months ended

December 29, 2018

and

December 30, 2017

was

$855,000

and

$819,000,

respectively.

Estimated amortization expense for the next

five

fiscal years is approximately

$3,300,000

in

2019,

$3,000,000

in

2020,

$2,400,000

in

2021,

and

$2,300,000

in

2022

and in

2023.

The weighted amortization period of the intangible assets is

10.7

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 December 29, 2018	$	61,665	$	3,670	$	37,176	$	102,511
Balance at September 29, 2018	$	61,665	$	3,670	$	37,176	$	102,511