Bridgford Foods (BRID) 10-Q 21 Aug 20 2020 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	8 Months Ended
	Jul. 10, 2020	Aug. 21, 2020
Cover [Abstract]
Entity Registrant Name	BRIDGFORD FOODS CORP
Entity Central Index Key	0000014177
Document Type	10-Q
Document Period End Date	Jul. 10, 2020
Amendment Flag	false
Current Fiscal Year End Date	--10-30
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business Flag	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		9,076,832
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2020

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jul. 10, 2020	Nov. 01, 2019
Current assets:
Cash and cash equivalents	$ 12,675	$ 3,478
Restricted cash	900
Accounts receivable, less allowance for doubtful accounts of $49 and $31, respectively, and promotional allowances of $3,048 and $2,974, respectively	23,043	21,875
Inventories, net	21,480	26,367
Prepaid expenses and other current assets	9,347	1,048
Total current assets	67,445	52,768
Property, plant and equipment, net of accumulated depreciation and amortization of $56,404 and $54,015, respectively	66,410	54,346
Other non-current assets	12,793	12,295
Deferred income taxes (Note 5)		4,047
Total assets	146,648	123,456
Current liabilities:
Accounts payable	7,788	7,993
Accrued payroll, advertising and other expenses	5,852	5,480
Income taxes payable	90	90
Current lease payable	108	95
Current notes payable - equipment	4,385	1,943
Current portion of non-current liabilities	3,736	4,339
Total current liabilities	21,959	19,940
Long-term notes payable - equipment	25,898	11,804
Long-term lease payable	307	360
Deferred income taxes (Note 5)	1,939
Non-current liabilities	24,642	24,868
Total liabilities	74,745	56,972
Contingencies and commitments (Note 3)
Shareholders' equity:
Preferred stock, without par value; authorized - 1,000,000 shares; issued and outstanding - none
Common stock, $1.00 par value; authorized - 20,000,000 shares; issued and outstanding - 9,076,832 and 9,076,832 shares, respectively	9,134	9,134
Capital in excess of par value	8,298	8,298
Retained earnings	77,851	72,432
Accumulated other comprehensive loss	(23,380)	(23,380)
Total shareholders' equity	71,903	66,484
Total liabilities and shareholders' equity	$ 146,648	$ 123,456

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jul. 10, 2020	Nov. 01, 2019
Statement of Financial Position [Abstract]
Accounts receivable, allowance for doubtful accounts	$ 49	$ 31
Accounts receivable, allowance for promotional allowances	3,048	2,974
Property, plant and equipment, accumulated depreciation	$ 56,404	$ 54,015
Preferred stock, par value
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, par value	$ 1	$ 1
Common stock, shares authorized	20,000,000	20,000,000
Common stock, shares issued	9,076,832	9,076,832
Common stock, shares outstanding	9,076,832	9,076,832

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		8 Months Ended
	Jul. 10, 2020	Jul. 12, 2019	Jul. 10, 2020	Jul. 12, 2019
Income Statement [Abstract]
Net sales	$ 41,660	$ 42,837	$ 131,301	$ 129,321
Cost of products sold	29,628	29,422	91,305	85,851
Gross margin	12,032	13,415	39,996	43,470
Selling, general and administrative expenses	10,183	11,819	36,381	36,514
Gain on sale of property, plant and equipment	(5)	(9)	(22)	(9)
Income before taxes	1,854	1,605	3,637	6,965
(Benefit from) provision for income taxes	(1,279)	500	(1,782)	1,764
Net income	$ 3,133	$ 1,105	$ 5,419	$ 5,201
Basic earnings per share	$ 0.35	$ 0.12	$ 0.6	$ 0.57
Shares used to compute basic earnings per share	9,076,832	9,076,832	9,076,832	9,076,832

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Capital in Excess of Par Value [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Loss [Member]	Total
Balance at Nov. 02, 2018	$ 9,134	$ 8,298	$ 65,948	$ (17,700)	$ 65,680
Balance, shares at Nov. 02, 2018	9,076
Net income			5,201		5,201
Balance at Jul. 12, 2019	$ 9,134	8,298	71,149	(17,700)	70,881
Balance, shares at Jul. 12, 2019	9,076
Balance at Apr. 19, 2019	$ 9,134	8,298	70,044	(17,700)	69,776
Balance, shares at Apr. 19, 2019	9,076
Net income			1,105		1,105
Balance at Jul. 12, 2019	$ 9,134	8,298	71,149	(17,700)	70,881
Balance, shares at Jul. 12, 2019	9,076
Balance at Nov. 01, 2019	$ 9,134	8,298	72,432	(23,380)	66,484
Balance, shares at Nov. 01, 2019	9,076
Net income			5,419		5,419
Balance at Jul. 10, 2020	$ 9,134	8,298	77,851	(23,380)	71,903
Balance, shares at Jul. 10, 2020	9,076
Balance at Apr. 17, 2020	$ 9,134	8,298	74,718	(23,380)	68,770
Balance, shares at Apr. 17, 2020	9,076
Net income			3,133		3,133
Balance at Jul. 10, 2020	$ 9,134	$ 8,298	$ 77,851	$ (23,380)	$ 71,903
Balance, shares at Jul. 10, 2020	9,076

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	8 Months Ended
	Jul. 10, 2020	Jul. 12, 2019
Cash flows from operating activities:
Net income	$ 5,419	$ 5,201
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	3,178	2,785
Provision for losses on accounts receivable	18	35
Increase (reduction) in promotional allowances	75	(914)
Gain on sale of property, plant and equipment	(22)	(9)
Changes in operating assets and liabilities:
Accounts receivable	(1,261)	(659)
Inventories	4,887	(630)
Prepaid expenses and other current assets	(8,300)	786
Other non-current assets	(498)	(714)
Accounts payable	(205)	112
Accrued payroll, advertising and other expenses	(1,131)	(517)
Income taxes payable		1,008
Deferred taxes	5,986
Non-current liabilities	(225)	(1,442)
Net cash provided by operating activities	7,921	5,042
Cash flows from investing activities:
Proceeds from sale of property, plant and equipment	37	9
Proceeds from pending sale of assets in escrow	900
Additions to property, plant and equipment	(15,257)	(19,791)
Net cash used in investing activities	(14,320)	(19,782)
Cash flows from financing activities:
Payment of lease obligations	(40)
Proceeds from bank borrowings	18,450	17,000
Repayments of bank borrowings	(1,914)	(2,622)
Net cash provided by financing activities	16,496	14,378
Net increase (decrease) in cash and cash equivalents and restricted cash	10,097	(362)
Cash and cash equivalents and restricted cash at beginning of period	3,478	8,179
Cash and cash equivalents and restricted cash at end of period	13,575	7,817
Supplemental disclosure of cash flow information:
Cash paid for income taxes	231	564
Cash paid for interest	$ 529	$ 183

Summary of Significant Accounti

Summary of Significant Accounting Policies	8 Months Ended
	Jul. 10, 2020
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 1 – Summary of Significant Accounting Policies: The unaudited condensed consolidated financial statements of Bridgford Foods Corporation (the “Company”, “we”, “our”, “us”) for the thirty-six weeks ended July 10, 2020 and July 12, 2019 have been prepared in conformity with the accounting principles described in the Company’s Annual Report on Form 10-K for the fiscal year ended November 1, 2019 (the “Annual Report”) and include all adjustments considered necessary by management for a fair presentation of the interim periods. This Report should be read in conjunction with the Annual Report. Due to seasonality and other factors, interim results are not necessarily indicative of the results for the full year. Recent accounting pronouncements and their effect on the Company are discussed in Management’s Discussion and Analysis of Financial Condition and Results of Operations in this Report. We have considered the impact of federal, state and local government actions related to the global novel coronavirus pandemic (“COVID-19” or “pandemic”) on our condensed consolidated financial statements. The business disruptions associated with the Pandemic had a significant negative impact on our consolidated condensed financial statements for the thirty-six week period ended July 10, 2020. We expect these events to have future business impacts, the extent of which is uncertain and largely subject to whether the severity worsens, or duration of current business shutdowns continue. These impacts could include but may not be limited to risks and uncertainty related to shifts in demand between sales channels, market volatility, constraints in our supply chain, our ability to operate production facilities and worker availability. These unknowns may subject the Company to future risks related to long-lived asset impairments, increased reserves for uncollectible accounts, price and availability of ingredients and raw materials used in our products and adjustments to reflect the market value of our inventory. The November 1, 2019 balance sheet amounts within these interim condensed consolidated financial statements were derived from the audited fiscal year 2019 financial statements. The preparation of condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported revenues and expenses during the reporting periods. Some of the estimates needed to be made by management include the allowance for doubtful accounts, promotional and returns allowances, inventory reserves, the estimated useful lives of property, plant and equipment, and the valuation allowance for the Company’s deferred tax assets. Actual results could materially differ from these estimates. Amounts estimated related to liabilities for self-insured workers’ compensation, employee healthcare and pension benefits are especially subject to inherent uncertainties and these estimated liabilities may ultimately settle at amounts which vary from our current estimates. Market conditions and the volatility in stock markets may cause significant changes in the measurement of our pension fund liabilities and the performance of our life insurance policies in future periods. Financial instruments that subject the Company to credit risk consist primarily of cash and cash equivalents, accounts receivable, accounts payable, accrued payroll, advertising and other expenses and notes payable. The carrying amount of these instruments approximate fair market value due to their short-term maturity or market interest rates. As of July 10, 2020, the Company had accounts in excess of the Federal Deposit Insurance Corporation insurance coverage limit. The Company has not experienced any losses in these accounts and believes it is not exposed to any significant credit risk with regard to its cash and cash equivalents. The Company grants payment terms to a significant number of customers that are diversified over a wide geographic area. The Company monitors the payment histories of its customers and maintains an allowance for doubtful accounts which is reviewed for adequacy on a quarterly basis. The Company does not require collateral from its customers. Customer Concentration > 20% of AR or 10% of Sales * The table below shows customers that accounted for more than 20% of consolidated accounts receivable (“AR”) or 10% of consolidated sales for the thirty-six weeks ended July 10, 2020 and July 12, 2019, respectively. Wal-Mart Dollar General Sales AR Sales AR July 10, 2020 38.7 % 33.9 % 11.9 % 22.7 % July 12, 2019 35.9 % 33.3 % 10.7 % 25.1 % * = No other customer accounted for more than 20% of AR or 10% of consolidated sales for the thirty-six weeks ended July 10, 2020 or the thirty-six weeks ended July 12, 2019. Revenue recognition Revenues are recognized in accordance with Accounting Standards Codification (“ASC”) 606 – Contracts with Customers upon passage of title to the customer, typically upon product pick-up, shipment or delivery to customers. Products are delivered to customers primarily through our own long-haul fleet or through a Company owned direct store delivery system. The Company recognizes revenue for the sale of the product at the point in time when our performance obligation has been satisfied and control of the product has transferred to our customer, which generally occurs upon shipment, pickup or delivery to a customer based on terms of the sale. Contracts with customers are typically short-term in nature with completion of a single performance obligation. Product is sold to foodservice, retail, institutional and other distribution channels. Products are delivered to customers primarily through our own long-haul fleet, common carrier or through a Company owned direct store delivery system. Shipping and handling that occurs after the customer has obtained control of the product is recorded as a fulfillment cost rather than an additional performance obligation. Costs paid to third party brokers to obtain contracts are recognized as part of selling expenses. Other sundry items in context of the contract are also recognized as selling expense. Any taxes collected on behalf of the government are excluded from net revenue. We record revenue at the transaction price which is measured as the amount of consideration we anticipate to receive in exchange for providing product to our customers. Revenue is recognized as the net amount estimated to be received after deducting estimated or known amounts including variable consideration for discounts, trade allowances, consumer incentives, coupons, volume-based incentives, cooperative advertising, product returns and other such programs. Promotional allowances, including customer incentive and trade promotion activities, are recorded as a reduction to sales based on amounts estimated being due to customers, based primarily on historical utilization and redemption rates. Estimates are reviewed regularly until incentives or product returns are realized and the result of any such adjustments are known. Leases Leases are recognized in accordance with Accounting Standards Update (“ASU”) 2016-02 Leases (ASC 842) which requires a lessee to recognize assets and liabilities with lease terms of more than 12 months. We lease or rent property for such operations as storing inventory, packaging or processing product, renting equipment and parking vehicles. We analyze our agreements to evaluate whether or not a lease exists by determining what assets exist for which we control for a period of time in exchange for consideration. In the event a lease exists, we classify it as a finance or operating lease and record a right-of-use (“ROU”) asset and the corresponding lease liability at the inception of the lease. In the case of month-to-month lease or rental agreements with terms of 12 months or less, we made an accounting policy election to not recognize lease assets and liabilities and record them on a straight-line basis over the lease term. The storage units rented for use by our Snack Food Product Segment direct store delivery route system are not costly to relocate, contain no significant leasehold improvements, no degree of integration over leased assets, orders can be fulfilled by another route storage unit interchangeably, no specialized assets exist, market price is paid for storage units and there is no guarantee of debt. Finance lease assets are recorded within property, plant and equipment, net of accumulated depreciation and amortization. The Company’s lease of long-haul trucks used in its Frozen Food Products Segment qualifies as a finance lease. Finance lease liabilities are recorded as a separate line item on the Condensed Consolidated Balance Sheets reflecting both the current and long-term obligation. The classification as a finance or operating lease determines whether the recognition, measurement and presentation of expenses and cash flows are considered operating or financing. Subsequent events Management has evaluated events subsequent to July 10, 2020 through the date that the accompanying condensed consolidated financial statements were filed with the Securities and Exchange Commission for transactions and other events which may require adjustments of and/or disclosure in such financial statements. As previously reported, on March 16, 2020, Bridgford Food Processing Corporation (“BFPC”), a wholly-owned subsidiary of the Company, entered into a Purchase and Sale Agreement with CRG Acquisition, LLC (“CRG”), pursuant to which BFPC agreed to sell to CRG, pursuant to the terms and conditions set forth in the CRG Purchase Agreement, a parcel of land including an approximate 156,000 square foot four-story industrial food processing building located at 170 N. Green Street in Chicago, Illinois (the “Property”). The purchase price for the Property is $60,000 subject to a due diligence period and certain closing adjustments and prorations, and is conditioned upon, among other customary closing conditions, CRG receiving zoning and other governmental approvals necessary for the construction and development of a mixed use project on the Property in accordance with certain development plans to be approved by the City of Chicago. The cost basis of the Property was insignificant. On July 30, 2020, the Company executed the third amendment dated as of July 31, 2020 of the CRG Purchase Agreement. Under the original terms and conditions of the CRG Purchase Agreement, the closing of the sale of the Property to CRG would occur on the date that is thirty (30) days after CRG’s receipt of the necessary zoning approvals, but in any event no earlier than October 31, 2020 and no later than March 31, 2021. The first amendment dated as of April 10, 2020 extended the inspection period to June 1, 2020. The second amendment dated as of June 1, 2020 extended the inspection period to July 31, 2020, zoning period to February 1, 2021 and closing date to February 5, 2021. The third amendment dated July 31, 2020 further extended the inspection period to October 31, 2020, zoning period to April 30, 2021 and closing date to May 6, 2021. The escrow account has received $1,350 in earnest money through July 31, 2020. Based on Management’s review, no other material events were identified that require adjustment to the financial statements or additional disclosure. Basic earnings per share Basic earnings per share are calculated based on the weighted average number of shares outstanding for all periods presented. No stock options, warrants, or convertible securities were outstanding as of July 10, 2020 or July 12, 2019.

Inventories

Inventories	8 Months Ended
	Jul. 10, 2020
Inventory Disclosure [Abstract]
Inventories	Note 2 – Inventories: Inventories are comprised of the following at the respective period ends: (unaudited) July 10, 2020 November 1, 2019 Meat, ingredients and supplies $ 6,732 $ 5,283 Work in progress 2,172 1,562 Finished goods 12,576 19,522 $ 21,480 $ 26,367 Inventories are valued at the lower of cost (which approximates actual cost on a first-in, first-out basis) or net realizable value. Inventories include the cost of raw materials, labor and manufacturing overhead. We regularly review inventory quantities on hand and write down any excess or obsolete inventories to net realizable value. An inventory reserve is created when potentially slow-moving or obsolete inventories are identified in order to reflect the appropriate inventory value. Changes in economic conditions, production requirements, and lower than expected customer demand could result in additional obsolete or slow-moving inventory that cannot be sold or must be sold at reduced prices and could result in additional reserve provisions.

Contingencies and Commitments

Contingencies and Commitments	8 Months Ended
	Jul. 10, 2020
Commitments and Contingencies Disclosure [Abstract]
Contingencies and Commitments	Note 3 – Contingencies and Commitments: The Company leases warehouse and/or office facilities throughout the United States through month-to-month rental agreements. In the case of month-to-month lease or rental agreements with terms of 12 months or less, the Company made an accounting policy election to not recognize lease assets and liabilities and record them on a straight-line basis over the lease term. For further information regarding our lease accounting policy, please refer to Note 1 – Summary of Significant Accounting Policies, Leases. The Company leases three long-haul trucks under agreements negotiated during fiscal year 2019 under six-year leases for semi-trucks that expire in 2025. Amortization of equipment under these finance leases was $51 during the third quarter of fiscal year 2020. The following is a schedule by years of future minimum lease payments for transportation leases: Fiscal Year Financing 2021 $ 39 2022 102 2023 102 2024 102 2025 102 Later Years 75 Total Minimum Lease Payments(a) $ 522 Less: Amount representing executory costs (66 ) Less: Amount representing interest(b) (41 ) Present value of future minimum lease payments(c) $ 415 (a) Minimum payments exclude contingent rentals based on actual mileage and adjustments of rental payments based on the Consumer Price Index. (b) Amount necessary to reduce net minimum lease payments to present value calculated at the Company’s incremental borrowing rate at the inception of the leases. (c) Reflected in Part I. Financial Information Item 1. a. Condensed Consolidated Balance Sheets as current and noncurrent obligations under capital leases of $108 and $307, respectively as of July 10, 2020. The Company is involved in various claims and legal actions arising in the ordinary course of business. In the opinion of management, the ultimate disposition of these matters is not expected to have a material adverse effect on the Company’s consolidated financial position or results of operations. Most flour purchases are made at market price with contracts. However, the Company may purchase bulk flour at current market prices under short-term (30 - 120 days) fixed price contracts during the normal course of business. Under these arrangements, the Company is obligated to purchase specific quantities at fixed prices, within the specified contract period. These contracts provide for potential price increases if agreed quantities are not purchased within the specified contract period. The contracts are not material. These contracts are typically settled within a month’s time and no significant contracts remain open at the close of the quarterly or annual reporting period. No significant contracts remained unfulfilled at July 10, 2020. The Company does not participate in the commodity futures market or hedging to limit commodity exposure.

Segment Information

Segment Information	8 Months Ended
	Jul. 10, 2020
Segment Reporting [Abstract]
Segment Information	Note 4 – Segment Information: The Company has two reportable operating segments: Frozen Food Products (the processing and distribution of frozen food products) and Snack Food Products (the processing and distribution of meat and other convenience foods). We evaluate each segment’s performance based on revenues and operating income. Selling, general and administrative (“SG&A”) expenses include corporate accounting, information systems, human resource management and marketing, which are managed at the corporate level. These activities are allocated to each operating segment based on revenues and/or actual usage. Assets managed at the corporate level have been included as “other” in the accompanying segment information. The following segment information is presented for the twelve weeks ended July 10, 2020 and July 12, 2019. Segment Information Twelve weeks Ended July 10, 2020 Frozen Food Products Snack Food Products Other Totals Sales $ 8,141 $ 33,519 $ - $ 41,660 Cost of products sold 5,379 24,249 - 29,628 Gross margin 2,762 9,270 - 12,032 SG&A 2,162 8,021 - 10,183 Gain on sale of property, plant and equipment - (5 ) - (5 ) Income before taxes 600 1,254 - 1,854 Total assets $ 11,033 $ 100,244 $ 35,371 $ 146,648 Additions to PP&E $ 53 $ 4,220 $ - $ 4,273 Twelve weeks Ended July 12, 2019 Frozen Food Products Snack Food Products Other Totals Sales $ 11,273 $ 31,564 $ - $ 42,837 Cost of products sold 7,486 21,936 - 29,422 Gross margin 3,787 9,628 - 13,415 SG&A 3,434 8,385 - 11,819 Gain on sale of property, plant and equipment (9 ) - - (9 ) Income before taxes 362 1,243 - 1,605 Total assets $ 11,350 $ 83,478 $ 25,406 $ 120,234 Additions to PP&E $ 198 $ 5,475 $ - $ 5,673 The following segment information is presented for the thirty-six weeks ended July 10, 2020 and July 12, 2019. Thirty-six weeks Ended July 10, 2020 Frozen Food Products Snack Food Products Other Totals Sales $ 28,440 $ 102,861 $ - $ 131,301 Cost of products sold 19,434 71,871 - 91,305 Gross margin 9,006 30,990 - 39,996 SG&A 8,768 27,613 - 36,381 Gain on sale of property, plant and equipment - (22 ) - (22 ) Income before taxes 238 3,399 - 3,637 Total assets $ 11,033 $ 100,244 $ 35,371 $ 146,648 Additions to PP&E $ 157 $ 15,100 $ - $ 15,257 Thirty-six weeks Ended July 12, 2019 Frozen Food Products Snack Food Products Other Totals Sales $ 34,691 $ 94,630 $ - $ 129,321 Cost of products sold 22,800 63,051 - 85,851 Gross margin 11,891 31,579 - 43,470 SG&A 10,325 26,189 - 36,514 Gain on sale of property, plant and equipment (9 ) - - (9 ) Income before taxes 1,575 5,390 - 6,965 Total assets $ 11,350 $ 83,478 $ 25,406 $ 120,234 Additions to PP&E $ 476 $ 19,315 $ - $ 19,791 The following information further disaggregates our sales to customers by major distribution channel and customer type for the twelve weeks ended July 10, 2020 and July 12, 2019, respectively. Twelve weeks Ended July 10, 2020 Distribution Channel Retail (a) Foodservice (b) Totals Direct store delivery $ 27,934 $ - $ 27,934 Direct customer warehouse 5,585 - 5,585 Total Snack Food Products 33,519 - 33,519 Distributors 2,235 5,906 8,141 Total Frozen Food Products 2,235 5,906 8,141 Totals $ 35,754 $ 5,906 $ 41,660 Twelve weeks Ended July 12, 2019 Distribution Channel Retail (a) Foodservice (b) Totals Direct store delivery $ 23,046 $ - $ 23,046 Direct customer warehouse 8,518 - 8,518 Total Snack Food Products 31,564 - 31,564 Distributors 1,009 10,264 11,273 Total Frozen Food Products 1,009 10,264 11,273 Totals $ 32,573 $ 10,264 $ 42,837 (a) Includes sales to food retailers, such as grocery retailers, warehouse club stores, and internet-based retailers. (b) Includes sales to foodservice distributors, restaurant operators, hotel chains and noncommercial foodservice establishments such as schools, convenience stores, healthcare facilities and the military. The following information further disaggregates our sales to customers by major distribution channel and customer type for the thirty-six weeks ended July 10, 2020 and July 12, 2019, respectively. Thirty-six weeks Ended July 10, 2020 Distribution Channel Retail (a) Foodservice (b) Totals Direct store delivery $ 78,929 $ - $ 78,929 Direct customer warehouse 23,932 - 23,932 Total Snack Food Products 102,861 - 102,861 Distributors 6,902 21,538 28,440 Total Frozen Food Products 6,902 21,538 28,440 Totals $ 109,763 $ 21,538 $ 131,301 Thirty-six weeks Ended July 12, 2019 Distribution Channel Retail (a) Foodservice (b) Totals Direct store delivery $ 69,270 $ - $ 69,270 Direct customer warehouse 25,360 - 25,360 Total Snack Food Products 94,630 - 94,630 Distributors 4,648 30,043 34,691 Total Frozen Food Products 4,648 30,043 34,691 Totals $ 99,278 $ 30,043 $ 129,321 (a) Includes sales to food retailers, such as grocery retailers, warehouse club stores, and internet-based retailers. (b) Includes sales to foodservice distributors, restaurant operators, hotel chains and noncommercial foodservice establishments such as schools, convenience stores, healthcare facilities and the military.

Income Taxes

Income Taxes	8 Months Ended
	Jul. 10, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Note 5 – Income Taxes: On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was enacted in response to the COVID-19 pandemic. The CARES Act, among other things, permits NOL carryovers and carrybacks to offset 100% of taxable income for taxable years beginning before January 01, 2021. In addition, the CARES Act allows NOLs incurred in taxable years beginning after December 31, 2017 and before January 01, 2021 to be carried back to each of the five preceding taxable years to generate a refund of previously paid income taxes. The Company is currently evaluating the impact of various provisions of the CARES Act, but at present, expects that the NOL carryback provision of the CARES Act would result in a material cash benefit to us. The Company has filed federal income tax return for tax year 2019 (FY20) and carried back a taxable loss of $9,900 to tax years 2014 (FY15) and 2015 (FY16). Furthermore, The Company estimates additional taxable loss for tax year 2020 (current FY 21) which can be carried back to remaining taxable income of tax year 2015 (FY16) and taxable income of tax years 2016 (FY 17) and 2018 (FY 19). On December 22, 2017, President Trump signed into law the Tax Cuts and Jobs Act (the “Tax Act”). Among other significant changes, The Tax Act reduced the corporate federal income tax rate from 35% to 21%. The carryback of NOLs from tax years 2019 and 2020 under CARES Act to pre- Tax Act years will generate an income tax benefit due to the differential in income tax rates. Under U.S. GAAP, specifically ASC Topic 740, Income Taxes, The effective tax rate was -49.0% and 25.3% for the third quarter of fiscal 2020 and 2019, respectively. The effective tax rate for the third quarter of FY20 was impacted by the rate differential on NOL carryback available under the CARES Act discussed in the paragraphs above. In addition, the effective tax rates for the third quarter of fiscal years 2020 and 2019 were impacted by such items as non-deductible meals and entertainment, non-taxable gains and losses on life insurance policies and state income taxes. As of July 10, 2020, the Company has no federal or state (except $800 California) net operating loss carry forwards. Our federal income tax returns are open to audit under the statute of limitations for the fiscal years 2016 through 2018. We are subject to income tax in California and various other state taxing jurisdictions. Our state income tax returns are open to audit under the statute of limitations for the fiscal years 2015 through 2018.

Equipment Notes Payable and Fin

Equipment Notes Payable and Financial Arrangements	8 Months Ended
	Jul. 10, 2020
Debt Disclosure [Abstract]
Equipment Notes Payable and Financial Arrangements	Note 6 – Equipment Notes Payable and Financial Arrangements: On December 26, 2018, we entered into a master collateral loan and security agreement with Wells Fargo Bank, N.A. (the “Original Wells Fargo Loan Agreement”) for up to $15,000 in equipment financing. Pursuant to the Original Wells Fargo Loan Agreement, we borrowed $15,000, two separate receipts of $7,500 each, to purchase specific equipment for our new Chicago processing facility at a fixed rate of 4.13% and 3.98%, respectively, per annum. The loan terms are seven years and are secured by the purchased equipment. The first funding of $7,500 was received on December 28, 2018. The second funding of $7,500 was received on April 23, 2019. The Original Wells Fargo Loan Agreement contains various affirmative and negative covenants that limit the use of funds and define other provisions of the loan. On December 19, 2019, we entered into a third master collateral loan and security agreement with Wells Fargo Bank, N.A. (the “Third Wells Fargo Loan Agreement”) for $3,750 in equipment financing. Pursuant to the Third Wells Fargo Loan Agreement, we borrowed $3,750 to purchase specific equipment for our new Chicago processing facility at a fixed rate of 3.70% per annum. The loan term is seven years and is secured by the purchased equipment. The funds were received on December 23, 2019. On March 5, 2020, we entered into a fourth master collateral loan and security agreement with Wells Fargo Bank, N.A. (the “Fourth Wells Fargo Loan Agreement”) for $7,500 in equipment financing. Pursuant to the Fourth Wells Fargo Loan Agreement, we borrowed $7,500 to purchase specific equipment for our new Chicago processing facility at a fixed rate of 3.29% per annum. The loan term is seven years and is secured by the purchased equipment. The funds were received on March 6, 2020. On April 17, 2020, we entered into a fifth master collateral loan and security agreement with Wells Fargo Bank, N.A. (the “Fifth Wells Fargo Loan Agreement” and together with the Original Wells Fargo Loan Agreement, the Third Wells Fargo Loan Agreement and the Fourth Wells Fargo Loan Agreement, the “Wells Fargo Loan Agreements”) for $7,200 in equipment financing. Pursuant to the Fifth Wells Fargo Loan Agreement, we borrowed $7,200 to purchase specific equipment for our new Chicago processing facility at a fixed rate of 3.68% per annum. The loan term is seven years and is secured by the purchased equipment. The funds were received on April 17, 2020. The Company was in compliance with all covenants under the Wells Fargo Loan Agreements as of July 10, 2020. The first secured equipment note payable is due with monthly principal and interest payments of $103 commencing on January 31, 2019 for 84 monthly installments including interest of 4.13% per annum. The second secured equipment note payable is due with monthly principal and interest payments of $102 commencing on May 31, 2019 for 84 monthly installments including interest of 3.98% per annum. The third secured equipment note payable is due with monthly principal and interest payments of $54 commencing on February 3, 2020 for 84 monthly installments including interest of 3.70% per annum. The fourth secured equipment note payable is due with monthly principal and interest payments of $100 commencing on March 13, 2020 for 84 monthly installments including interest of 3.29% per annum. The fifth secured equipment note payable is due with monthly principal and interest payments of $97 commencing on May 15, 2020 for 84 monthly installments including interest of 3.68% per annum. (unaudited) (unaudited) July 10, 2020 July 12, 2019 Secured equipment notes payable to Wells Fargo Bank, N.A. collateralized by equipment for the new Chicago processing facility. $ 30,283 $ 14,378 Less current portion of notes payable (4,385 ) (1,918 ) Total long-term notes payable - equipment $ 25,898 $ 12,460 The Company maintains a line of credit with Wells Fargo Bank, N.A. that extends through March 1, 2022. Under the terms of this line of credit, we may borrow up to $7,500 at an interest rate equal to the bank’s prime rate or LIBOR plus 1.5%. The Company borrowed $2,000 under this line of credit on November 24, 2019 and $2,500 under the line of credit on January 24, 2020 for a combined total of $4,500. The Company repaid its line of credit with Wells Fargo Bank, N.A. on May 13, 2020 of $4,500 with the proceeds from the fifth borrowing of $7,200 under the master collateral loan and security agreement with Wells Fargo Bank, N.A.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	8 Months Ended
	Jul. 10, 2020
Accounting Policies [Abstract]
Revenue Recognition	Revenue recognition Revenues are recognized in accordance with Accounting Standards Codification (“ASC”) 606 – Contracts with Customers upon passage of title to the customer, typically upon product pick-up, shipment or delivery to customers. Products are delivered to customers primarily through our own long-haul fleet or through a Company owned direct store delivery system. The Company recognizes revenue for the sale of the product at the point in time when our performance obligation has been satisfied and control of the product has transferred to our customer, which generally occurs upon shipment, pickup or delivery to a customer based on terms of the sale. Contracts with customers are typically short-term in nature with completion of a single performance obligation. Product is sold to foodservice, retail, institutional and other distribution channels. Products are delivered to customers primarily through our own long-haul fleet, common carrier or through a Company owned direct store delivery system. Shipping and handling that occurs after the customer has obtained control of the product is recorded as a fulfillment cost rather than an additional performance obligation. Costs paid to third party brokers to obtain contracts are recognized as part of selling expenses. Other sundry items in context of the contract are also recognized as selling expense. Any taxes collected on behalf of the government are excluded from net revenue. We record revenue at the transaction price which is measured as the amount of consideration we anticipate to receive in exchange for providing product to our customers. Revenue is recognized as the net amount estimated to be received after deducting estimated or known amounts including variable consideration for discounts, trade allowances, consumer incentives, coupons, volume-based incentives, cooperative advertising, product returns and other such programs. Promotional allowances, including customer incentive and trade promotion activities, are recorded as a reduction to sales based on amounts estimated being due to customers, based primarily on historical utilization and redemption rates. Estimates are reviewed regularly until incentives or product returns are realized and the result of any such adjustments are known.
Leases	Leases Leases are recognized in accordance with Accounting Standards Update (“ASU”) 2016-02 Leases (ASC 842) which requires a lessee to recognize assets and liabilities with lease terms of more than 12 months. We lease or rent property for such operations as storing inventory, packaging or processing product, renting equipment and parking vehicles. We analyze our agreements to evaluate whether or not a lease exists by determining what assets exist for which we control for a period of time in exchange for consideration. In the event a lease exists, we classify it as a finance or operating lease and record a right-of-use (“ROU”) asset and the corresponding lease liability at the inception of the lease. In the case of month-to-month lease or rental agreements with terms of 12 months or less, we made an accounting policy election to not recognize lease assets and liabilities and record them on a straight-line basis over the lease term. The storage units rented for use by our Snack Food Product Segment direct store delivery route system are not costly to relocate, contain no significant leasehold improvements, no degree of integration over leased assets, orders can be fulfilled by another route storage unit interchangeably, no specialized assets exist, market price is paid for storage units and there is no guarantee of debt. Finance lease assets are recorded within property, plant and equipment, net of accumulated depreciation and amortization. The Company’s lease of long-haul trucks used in its Frozen Food Products Segment qualifies as a finance lease. Finance lease liabilities are recorded as a separate line item on the Condensed Consolidated Balance Sheets reflecting both the current and long-term obligation. The classification as a finance or operating lease determines whether the recognition, measurement and presentation of expenses and cash flows are considered operating or financing.
Subsequent Events	Subsequent events Management has evaluated events subsequent to July 10, 2020 through the date that the accompanying condensed consolidated financial statements were filed with the Securities and Exchange Commission for transactions and other events which may require adjustments of and/or disclosure in such financial statements. As previously reported, on March 16, 2020, Bridgford Food Processing Corporation (“BFPC”), a wholly-owned subsidiary of the Company, entered into a Purchase and Sale Agreement with CRG Acquisition, LLC (“CRG”), pursuant to which BFPC agreed to sell to CRG, pursuant to the terms and conditions set forth in the CRG Purchase Agreement, a parcel of land including an approximate 156,000 square foot four-story industrial food processing building located at 170 N. Green Street in Chicago, Illinois (the “Property”). The purchase price for the Property is $60,000 subject to a due diligence period and certain closing adjustments and prorations, and is conditioned upon, among other customary closing conditions, CRG receiving zoning and other governmental approvals necessary for the construction and development of a mixed use project on the Property in accordance with certain development plans to be approved by the City of Chicago. The cost basis of the Property was insignificant. On July 30, 2020, the Company executed the third amendment dated as of July 31, 2020 of the CRG Purchase Agreement. Under the original terms and conditions of the CRG Purchase Agreement, the closing of the sale of the Property to CRG would occur on the date that is thirty (30) days after CRG’s receipt of the necessary zoning approvals, but in any event no earlier than October 31, 2020 and no later than March 31, 2021. The first amendment dated as of April 10, 2020 extended the inspection period to June 1, 2020. The second amendment dated as of June 1, 2020 extended the inspection period to July 31, 2020, zoning period to February 1, 2021 and closing date to February 5, 2021. The third amendment dated July 31, 2020 further extended the inspection period to October 31, 2020, zoning period to April 30, 2021 and closing date to May 6, 2021. The escrow account has received $1,350 in earnest money through July 31, 2020. Based on Management’s review, no other material events were identified that require adjustment to the financial statements or additional disclosure.
Basic Earnings Per Share	Basic earnings per share Basic earnings per share are calculated based on the weighted average number of shares outstanding for all periods presented. No stock options, warrants, or convertible securities were outstanding as of July 10, 2020 or July 12, 2019.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	8 Months Ended
	Jul. 10, 2020
Accounting Policies [Abstract]
Schedule of Customer Concentration	The table below shows customers that accounted for more than 20% of consolidated accounts receivable (“AR”) or 10% of consolidated sales for the thirty-six weeks ended July 10, 2020 and July 12, 2019, respectively. Wal-Mart Dollar General Sales AR Sales AR July 10, 2020 38.7 % 33.9 % 11.9 % 22.7 % July 12, 2019 35.9 % 33.3 % 10.7 % 25.1 % * = No other customer accounted for more than 20% of AR or 10% of consolidated sales for the thirty-six weeks ended July 10, 2020 or the thirty-six weeks ended July 12, 2019.

Inventories (Tables)

Inventories (Tables)	8 Months Ended
	Jul. 10, 2020
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventories are comprised of the following at the respective period ends: (unaudited) July 10, 2020 November 1, 2019 Meat, ingredients and supplies $ 6,732 $ 5,283 Work in progress 2,172 1,562 Finished goods 12,576 19,522 $ 21,480 $ 26,367

Contingencies and Commitments (

Contingencies and Commitments (Tables)	8 Months Ended
	Jul. 10, 2020
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Lease Payments	The following is a schedule by years of future minimum lease payments for transportation leases: Fiscal Year Financing 2021 $ 39 2022 102 2023 102 2024 102 2025 102 Later Years 75 Total Minimum Lease Payments(a) $ 522 Less: Amount representing executory costs (66 ) Less: Amount representing interest(b) (41 ) Present value of future minimum lease payments(c) $ 415 (a) Minimum payments exclude contingent rentals based on actual mileage and adjustments of rental payments based on the Consumer Price Index. (b) Amount necessary to reduce net minimum lease payments to present value calculated at the Company’s incremental borrowing rate at the inception of the leases. (c) Reflected in Part I. Financial Information Item 1. a. Condensed Consolidated Balance Sheets as current and noncurrent obligations under capital leases of $108 and $307, respectively as of July 10, 2020.

Segment Information (Tables)

Segment Information (Tables)	8 Months Ended
	Jul. 10, 2020
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following segment information is presented for the twelve weeks ended July 10, 2020 and July 12, 2019. Segment Information Twelve weeks Ended July 10, 2020 Frozen Food Products Snack Food Products Other Totals Sales $ 8,141 $ 33,519 $ - $ 41,660 Cost of products sold 5,379 24,249 - 29,628 Gross margin 2,762 9,270 - 12,032 SG&A 2,162 8,021 - 10,183 Gain on sale of property, plant and equipment - (5 ) - (5 ) Income before taxes 600 1,254 - 1,854 Total assets $ 11,033 $ 100,244 $ 35,371 $ 146,648 Additions to PP&E $ 53 $ 4,220 $ - $ 4,273 Twelve weeks Ended July 12, 2019 Frozen Food Products Snack Food Products Other Totals Sales $ 11,273 $ 31,564 $ - $ 42,837 Cost of products sold 7,486 21,936 - 29,422 Gross margin 3,787 9,628 - 13,415 SG&A 3,434 8,385 - 11,819 Gain on sale of property, plant and equipment (9 ) - - (9 ) Income before taxes 362 1,243 - 1,605 Total assets $ 11,350 $ 83,478 $ 25,406 $ 120,234 Additions to PP&E $ 198 $ 5,475 $ - $ 5,673 The following segment information is presented for the thirty-six weeks ended July 10, 2020 and July 12, 2019. Thirty-six weeks Ended July 10, 2020 Frozen Food Products Snack Food Products Other Totals Sales $ 28,440 $ 102,861 $ - $ 131,301 Cost of products sold 19,434 71,871 - 91,305 Gross margin 9,006 30,990 - 39,996 SG&A 8,768 27,613 - 36,381 Gain on sale of property, plant and equipment - (22 ) - (22 ) Income before taxes 238 3,399 - 3,637 Total assets $ 11,033 $ 100,244 $ 35,371 $ 146,648 Additions to PP&E $ 157 $ 15,100 $ - $ 15,257 Thirty-six weeks Ended July 12, 2019 Frozen Food Products Snack Food Products Other Totals Sales $ 34,691 $ 94,630 $ - $ 129,321 Cost of products sold 22,800 63,051 - 85,851 Gross margin 11,891 31,579 - 43,470 SG&A 10,325 26,189 - 36,514 Gain on sale of property, plant and equipment (9 ) - - (9 ) Income before taxes 1,575 5,390 - 6,965 Total assets $ 11,350 $ 83,478 $ 25,406 $ 120,234 Additions to PP&E $ 476 $ 19,315 $ - $ 19,791
Schedule of Disaggregates Our Sales to Customers	The following information further disaggregates our sales to customers by major distribution channel and customer type for the twelve weeks ended July 10, 2020 and July 12, 2019, respectively. Twelve weeks Ended July 10, 2020 Distribution Channel Retail (a) Foodservice (b) Totals Direct store delivery $ 27,934 $ - $ 27,934 Direct customer warehouse 5,585 - 5,585 Total Snack Food Products 33,519 - 33,519 Distributors 2,235 5,906 8,141 Total Frozen Food Products 2,235 5,906 8,141 Totals $ 35,754 $ 5,906 $ 41,660 Twelve weeks Ended July 12, 2019 Distribution Channel Retail (a) Foodservice (b) Totals Direct store delivery $ 23,046 $ - $ 23,046 Direct customer warehouse 8,518 - 8,518 Total Snack Food Products 31,564 - 31,564 Distributors 1,009 10,264 11,273 Total Frozen Food Products 1,009 10,264 11,273 Totals $ 32,573 $ 10,264 $ 42,837 (a) Includes sales to food retailers, such as grocery retailers, warehouse club stores, and internet-based retailers. (b) Includes sales to foodservice distributors, restaurant operators, hotel chains and noncommercial foodservice establishments such as schools, convenience stores, healthcare facilities and the military. The following information further disaggregates our sales to customers by major distribution channel and customer type for the thirty-six weeks ended July 10, 2020 and July 12, 2019, respectively. Thirty-six weeks Ended July 10, 2020 Distribution Channel Retail (a) Foodservice (b) Totals Direct store delivery $ 78,929 $ - $ 78,929 Direct customer warehouse 23,932 - 23,932 Total Snack Food Products 102,861 - 102,861 Distributors 6,902 21,538 28,440 Total Frozen Food Products 6,902 21,538 28,440 Totals $ 109,763 $ 21,538 $ 131,301 Thirty-six weeks Ended July 12, 2019 Distribution Channel Retail (a) Foodservice (b) Totals Direct store delivery $ 69,270 $ - $ 69,270 Direct customer warehouse 25,360 - 25,360 Total Snack Food Products 94,630 - 94,630 Distributors 4,648 30,043 34,691 Total Frozen Food Products 4,648 30,043 34,691 Totals $ 99,278 $ 30,043 $ 129,321 (a) Includes sales to food retailers, such as grocery retailers, warehouse club stores, and internet-based retailers. (b) Includes sales to foodservice distributors, restaurant operators, hotel chains and noncommercial foodservice establishments such as schools, convenience stores, healthcare facilities and the military.

Equipment Notes Payable and F_2

Equipment Notes Payable and Financial Arrangements (Tables)	8 Months Ended
	Jul. 10, 2020
Debt Disclosure [Abstract]
Schedule of Long Term Notes Payable	(unaudited) (unaudited) July 10, 2020 July 12, 2019 Secured equipment notes payable to Wells Fargo Bank, N.A. collateralized by equipment for the new Chicago processing facility. $ 30,283 $ 14,378 Less current portion of notes payable (4,385 ) (1,918 ) Total long-term notes payable - equipment $ 25,898 $ 12,460

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details Narrative) $ in Thousands	May 16, 2020USD ($)ft²	Jul. 10, 2020shares	Jul. 12, 2019shares	Jul. 31, 2020USD ($)
Lease term		12 months
Stock Option [Member]
Weighted average number of shares outstanding
Warrant [Member]
Weighted average number of shares outstanding
Convertible Securities [Member]
Weighted average number of shares outstanding
CRG Acquisition, LLC [Member] | Subsequent Event [Member]
Escrow account deposit | $				$ 1,350
CRG Acquisition, LLC [Member] | Purchase and Sale Agreement [Member]
Area of land | ft²	156,000
Purchase price | $	$ 60,000
Accounts Receivable [Member]
Concentration risk, percentage		20.00%	20.00%
Sales Revenue, Net [Member]
Concentration risk, percentage		10.00%	10.00%

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Schedule of Customer Concentration (Details)		8 Months Ended
		Jul. 10, 2020	Jul. 12, 2019
Sales Revenue, Net [Member]
Concentration risk, percentage		10.00%	10.00%
Accounts Receivable [Member]
Concentration risk, percentage		20.00%	20.00%
Wal-Mart [Member] | Sales Revenue, Net [Member]
Concentration risk, percentage	[1]	38.70%	35.90%
Wal-Mart [Member] | Accounts Receivable [Member]
Concentration risk, percentage	[1]	33.90%	33.30%
Dollar General [Member] | Sales Revenue, Net [Member]
Concentration risk, percentage	[1]	11.90%	10.70%
Dollar General [Member] | Accounts Receivable [Member]
Concentration risk, percentage	[1]	22.70%	25.10%
[1]	No other customer accounted for more than 20% of AR or 10% of consolidated sales for the thirty-six weeks ended July 10, 2020 or the twenty-six weeks ended July 12, 2019.

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Schedule of Customer Concentration (Details) (Parenthetical)	8 Months Ended
	Jul. 10, 2020	Jul. 12, 2019
Accounts Receivable [Member]
Concentration risk, percentage	20.00%	20.00%
Sales Revenue, Net [Member]
Concentration risk, percentage	10.00%	10.00%

Inventories - Schedule of Inven

Inventories - Schedule of Inventories (Details) - USD ($) $ in Thousands	Jul. 10, 2020	Nov. 01, 2019
Inventory Disclosure [Abstract]
Meat, ingredients and supplies	$ 6,732	$ 5,283
Work in progress	2,172	1,562
Finished goods	12,576	19,522
Inventories, net	$ 21,480	$ 26,367

Contingencies and Commitments_2

Contingencies and Commitments (Details Narrative) $ in Thousands	8 Months Ended
	Jul. 10, 2020USD ($)
Commitments and Contingencies Disclosure [Abstract]
Lease term, description	The Company leases three long-haul trucks under agreements negotiated during fiscal year 2019. Six-year leases for semi-trucks expire in 2025.
Amortization of equipment	$ 51

Contingencies and Commitments -

Contingencies and Commitments - Schedule of Future Minimum Lease Payments (Details) $ in Thousands	Jul. 10, 2020USD ($)
Commitments and Contingencies Disclosure [Abstract]
2021	$ 39
2022	102
2023	102
2024	102
2025	102
Later Years	75
Total Minimum Lease Payments	522	[1]
Less: Amount representing executory costs	(66)
Less: Amount representing interest	(41)	[2]
Present value of future minimum lease payments	$ 415	[3]
[1]	Minimum payments exclude contingent rentals based on actual mileage and adjustments of rental payments based on the Consumer Price Index.
[2]	Amount necessary to reduce net minimum lease payments to present value calculated at the Company's incremental borrowing rate at the inception of the leases.
[3]	Reflected in Part I. Financial Information Item 1. a. Condensed Consolidated Balance Sheets as current and noncurrent obligations under capital leases of $108 and $307, respectively as of July 10, 2020.

Contingencies and Commitments_3

Contingencies and Commitments - Schedule of Future Minimum Lease Payments (Details) (Parenthetical) - USD ($) $ in Thousands	Jul. 10, 2020	Nov. 01, 2019
Commitments and Contingencies Disclosure [Abstract]
Capital lease obligation, current	$ 108	$ 95
Capital lease obligations, noncurrent	$ 307	$ 360

Segment Information (Details Na

Segment Information (Details Narrative)	8 Months Ended
	Jul. 10, 2020Segment
Segment Reporting [Abstract]
Number of reportable operating segments	2

Segment Information - Schedule

Segment Information - Schedule of Segment Reporting Information, by Segment (Details) - USD ($) $ in Thousands	3 Months Ended		8 Months Ended
	Jul. 10, 2020	Jul. 12, 2019	Jul. 10, 2020	Jul. 12, 2019	Nov. 01, 2019
Sales	$ 41,660	$ 42,837	$ 131,301	$ 129,321
Cost of products sold	29,628	29,422	91,305	85,851
Gross margin	12,032	13,415	39,996	43,470
SG&A	10,183	11,819	36,381	36,514
Gain on sale of property, plant and equipment	(5)	(9)	(22)	(9)
Income before taxes	1,854	1,605	3,637	6,965
Total assets	146,648	120,234	146,648	120,234	$ 123,456
Additions to PP&E	4,273	5,673	15,257	19,791
Frozen Food Products [Member]
Sales	8,141	11,273	28,440	34,691
Cost of products sold	5,379	7,486	19,434	22,800
Gross margin	2,762	3,787	9,006	11,891
SG&A	2,162	3,434	8,768	10,325
Gain on sale of property, plant and equipment		(9)		(9)
Income before taxes	600	362	238	1,575
Total assets	11,033	11,350	11,033	11,350
Additions to PP&E	53	198	157	476
Snack Food Products [Member]
Sales	33,519	31,564	102,861	94,630
Cost of products sold	24,249	21,936	71,871	63,051
Gross margin	9,270	9,628	30,990	31,579
SG&A	8,021	8,385	27,613	26,189
Gain on sale of property, plant and equipment	(5)		(22)
Income before taxes	1,254	1,243	3,399	5,390
Total assets	100,244	83,478	100,244	83,478
Additions to PP&E	4,220	5,475	15,100	19,315
Other [Member]
Sales
Cost of products sold
Gross margin
SG&A
Gain on sale of property, plant and equipment
Income before taxes
Total assets	35,371	25,406	35,371	25,406
Additions to PP&E

Segment Information - Schedul_2

Segment Information - Schedule of Disaggregates Our Sales to Customers (Details) - USD ($) $ in Thousands		3 Months Ended			8 Months Ended
		Jul. 10, 2020		Jul. 12, 2019	Jul. 10, 2020		Jul. 12, 2019
Direct store delivery		$ 27,934		$ 23,046	$ 78,929		$ 69,270
Direct customer warehouse		5,585		8,518	23,932		25,360
Total Snack Food Products		33,519		31,564	102,861		94,630
Distributors		8,141		11,273	28,440		34,691
Total Frozen Food Products		8,141		11,273	28,440		34,691
Totals		41,660		42,837	131,301		129,321
Retail [Member]
Direct store delivery	[1]	27,934		23,046	78,929		69,270
Direct customer warehouse	[1]	5,585		8,518	23,932		25,360
Total Snack Food Products	[1]	33,519		31,564	102,861		94,630
Distributors	[1]	2,235		1,009	6,902		4,648
Total Frozen Food Products	[1]	2,235		1,009	6,902		4,648
Totals	[1]	35,754		32,573	109,763		99,278
Foodservice [Member]
Direct store delivery			[2]			[2]		[2]
Direct customer warehouse	[2]
Total Snack Food Products	[2]
Distributors	[2]	5,906		10,264	21,538		30,043
Total Frozen Food Products	[2]	5,906		10,264	21,538		30,043
Totals	[2]	$ 5,906		$ 10,264	$ 21,538		$ 30,043
[1]	Includes sales to food retailers, such as grocery retailers, warehouse club stores, and internet-based retailers.
[2]	Includes sales to foodservice distributors, restaurant operators, hotel chains and noncommercial foodservice establishments such as schools, convenience stores, healthcare facilities and the military.

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($) $ in Thousands	Mar. 27, 2020	Jul. 10, 2020	Jul. 12, 2019	Jul. 10, 2020	Jul. 12, 2019
Income tax rate reconciliation description				On December 22, 2017, President Trump signed into law the Tax Cuts and Jobs Act (the "Tax Act"). Among other significant changes, The Tax Act reduced the corporate federal income tax rate from 35% to 21%.
Operating loss carry forwards
Federal income tax rate				21.00%
Income tax benefit		(1,279)	$ 500	$ (1,782)	$ 1,764
Effective tax rate percentage				49.00%	25.30%
Except California [Member]
Operating loss carry forwards		$ 800		$ 800
CARES Act [Member]
Income tax rate reconciliation description	On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was enacted in response to the COVID-19 pandemic. The CARES Act, among other things, permits NOL carryovers and carrybacks to offset 100% of taxable income for taxable years beginning before January 01, 2021.
Operating loss carry forwards	$ 9,900
Income tax benefit	$ 1,100

Equipment Notes Payable and F_3

Equipment Notes Payable and Financial Arrangements (Details Narrative) - USD ($) $ in Thousands

May 15, 2020

May 13, 2020

Mar. 13, 2020

Mar. 05, 2020

Feb. 03, 2020

Dec. 23, 2019

May 31, 2019

Apr. 23, 2019

Jan. 31, 2019

Dec. 28, 2018

Dec. 26, 2018

Apr. 17, 2020

Jul. 10, 2020

Jan. 24, 2020

Dec. 19, 2019

Nov. 24, 2019

Line of credit, expired date

Mar. 1, 2022

Line of credit, description

The Company borrowed $2,000 under this line of credit on November 24, 2019 and $2,500 under the line of credit on January 24, 2020 for a combined total of $4,500.

Line of credit, maximum borrowing amount

$ 7,500

Line of credit

$ 4,500

Line of Credit One [Member]

Line of credit

$ 2,000

Line of Credit Two [Member]

Line of credit

$ 2,500

Wells Fargo Bank N.A [Member] | Fifth Borrowing [Member]

Proceeds from line of credit

$ 4,500

Wells Fargo Bank N.A [Member] | Master Collateral Loan and Security Agreement [Member]

Proceeds from line of credit

$ 7,200

LIBOR [Member]

Variable rate

1.50%

Prime Rate [Member]

Variable rate

1.50%

Master Collateral Loan and Security Agreement [Member]

Loan borrowed amount

$ 15,000

Debt term

The loan terms are seven years and are secured by the purchased equipment.

Master Collateral Loan and Security Agreement [Member] | 4.13% Fixed Rate Chicago Processing Facility [Member]

Loan borrowed amount

$ 7,500

Facility fixed rate percentage

4.13%

4.13%

Debt monthly principal and interest payments

$ 103

Debt monthly term

84 months

Master Collateral Loan and Security Agreement [Member] | 3.98% Fixed Rate Chicago Processing Facility [Member]

Loan borrowed amount

$ 7,500

Facility fixed rate percentage

3.98%

3.98%

Debt monthly principal and interest payments

$ 102

Debt monthly term

84 months

Master Collateral Loan and Security Agreement [Member] | 3.29% Fixed Rate Chicago Processing Facility [Member]

Facility fixed rate percentage

3.29%

Debt monthly principal and interest payments

$ 100

Debt monthly term

84 months

Master Collateral Loan and Security Agreement [Member] | 3.68% Fixed Rate Chicago Processing Facility [Member]

Facility fixed rate percentage

3.68%

Debt monthly principal and interest payments

$ 97

Debt monthly term

84 months

Master Collateral Loan and Security Agreement [Member] | Maximum [Member]

Equipment financing amount

$ 15,000

Third Master Collateral Loan and Security Agreement [Member]

Equipment financing amount

$ 3,750

Facility fixed rate percentage

3.70%

Third Master Collateral Loan and Security Agreement [Member] | 3.70% Fixed Rate Chicago Processing Facility [Member]

Loan borrowed amount

$ 3,750

Facility fixed rate percentage

3.70%

Debt term

The loan term is seven years and is secured by the purchased equipment.

Debt monthly principal and interest payments

$ 54

Debt monthly term

84 months

Fourth Master Collateral Loan and Security Agreement [Member]

Equipment financing amount

$ 7,500

Facility fixed rate percentage

3.29%

Fourth Master Collateral Loan and Security Agreement [Member] | 3.29% Fixed Rate Chicago Processing Facility [Member]

Loan borrowed amount

$ 7,500

Debt term

The loan term is seven years and is secured by the purchased equipment. The funds were received on March 6, 2020.

Fifth Master Collateral Loan and Security Agreement [Member]

Equipment financing amount

$ 7,200

Facility fixed rate percentage

3.68%

Fifth Master Collateral Loan and Security Agreement [Member] | 3.68% Fixed Rate Chicago Processing Facility [Member]

Loan borrowed amount

$ 7,200

Debt term

The loan term is seven years and is secured by the purchased equipment. The funds were received on April 17, 2020.

Equipment Notes Payable and F_4

Equipment Notes Payable and Financial Arrangements - Schedule of Long Term Notes Payable (Details) - USD ($) $ in Thousands	Jul. 10, 2020	Nov. 01, 2019	Jul. 12, 2019
Debt Disclosure [Abstract]
Secured equipment notes payable to Wells Fargo Bank, N.A. collateralized by equipment for the new Chicago processing facility.	$ 30,283		$ 14,378
Less current portion of notes payable	(4,385)	$ (1,943)	(1,918)
Total long-term notes payable - equipment	$ 25,898	$ 11,804	$ 12,460