J&J Snack Foods (JJSF) 10-Q 25 Jan 16 2016 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Dec. 26, 2015	Jan. 20, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	J&J SNACK FOODS CORP
Trading Symbol	jjsf
Document Type	10-Q
Current Fiscal Year End Date	--09-24
Entity Common Stock, Shares Outstanding		18,686,216
Amendment Flag	false
Entity Central Index Key	785,956
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	Dec. 26, 2015
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Dec. 26, 2015	Sep. 26, 2015
Current assets
Cash and cash equivalents	$ 111,922	$ 133,689
Accounts receivable, net	92,180	102,649
Inventories	94,503	82,657
Prepaid expenses and other	3,409	6,557
Deferred income taxes	3,239	3,266
Total current assets	305,253	328,818
Property, plant and equipment, at cost
Property, plant and equipment gross	583,098	571,675
Less accumulated depreciation and amortization	406,452	399,621
Property, plant and equipment, net	176,646	172,054
Other assets
Goodwill	86,442	86,442
Other intangible assets, net	44,490	45,819
Marketable securities held to maturity	87,772	66,660
Marketable securities available for sale	37,508	39,638
Other	3,527	3,504
Total other assets	259,739	242,063
Total Assets	741,638	742,935
Current Liabilities
Current obligations under capital leases	276	273
Accounts payable	56,875	59,206
Accrued insurance liability	10,487	10,231
Accrued income taxes	3,465
Accrued liabilities	4,916	5,365
Accrued compensation expense	10,908	15,318
Dividends payable	7,284	6,723
Total current liabilities	94,211	97,116
Long-term obligations under capital leases	1,126	1,196
Deferred income taxes	43,719	43,789
Other long-term liabilities	888	915
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 18,677,000 and 18,676,000 respectively	29,695	31,653
Accumulated other comprehensive loss	(12,359)	(10,897)
Retained Earnings	584,358	579,163
Total stockholders' equity	601,694	599,919
Total Liabilities and Stockholder's Equity	741,638	742,935
Land [Member]
Property, plant and equipment, at cost
Property, plant and equipment gross	2,496	2,496
Building [Member]
Property, plant and equipment, at cost
Property, plant and equipment gross	26,741	26,741
Plant, Machinery and Equipment [Member]
Property, plant and equipment, at cost
Property, plant and equipment gross	217,229	210,728
Marketing Equipment [Member]
Property, plant and equipment, at cost
Property, plant and equipment gross	269,455	266,047
Transportation Equipment [Member]
Property, plant and equipment, at cost
Property, plant and equipment gross	6,878	6,866
Office Equipment [Member]
Property, plant and equipment, at cost
Property, plant and equipment gross	20,898	20,586
Improvements [Member]
Property, plant and equipment, at cost
Property, plant and equipment gross	33,637	28,725
Construction in Progress [Member]
Property, plant and equipment, at cost
Property, plant and equipment gross	$ 5,764	$ 9,486

Consolidated Balance Sheets (C3

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Dec. 26, 2015	Sep. 26, 2015
Preferred, par value (in Dollars per share)	$ 1	$ 1
Preferred, shares authorized	10,000,000	10,000,000
Preferred, shares issued	0	0
Common stock, par value (in Dollars per share)	$ 0	$ 0
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	18,677,000	18,676,000
Common stock, shares outstanding	18,677,000	18,676,000

Consolidated Statements of Earn

Consolidated Statements of Earnings (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Dec. 26, 2015		Dec. 27, 2014
Net Sales	$ 222,850		$ 212,752
Cost of goods sold(1)	159,015	[1]	151,651
Gross Profit	63,835		61,101
Operating expenses
Marketing (2)	19,629	[2]	19,487
Distribution (3)	18,256	[3]	17,521
Administrative (4)	7,690	[4]	7,525
Other general income	(100)		(42)
Total Operating Expenses	45,475		44,491
Operating Income	18,360		16,610
Other income (expense)
Investment income	1,160		1,354
Interest expense & other	(32)		(24)
Earnings before income taxes	19,488		17,940
Income taxes	7,009		6,684
NET EARNINGS	$ 12,479		$ 11,256
Earnings per diluted share (in Dollars per share)	$ 0.66		$ 0.60
Weighted average number of diluted shares (in Shares)	18,839		18,801
Earnings per basic share (in Dollars per share)	$ 0.67		$ 0.60
Weighted average number of basic shares (in Shares)	18,687		18,669
[1]	Includes share-based compensation expense of $133 and $112 for the three months ended December 26, 2015 and December 27, 2014, respectively.
[2]	Includes share-based compensation expense of $201 and $172 for the three months ended December 26, 2015 and December 27, 2014, respectively.
[3]	Includes share-based compensation expense of $11 and $11 for the three months ended December 26, 2015 and December 27, 2014, respectively.
[4]	Includes share-based compensation expense of $173 and $229 for the three months ended December 26, 2015 and December 27, 2014, respectively.

Consolidated Statements of Ear5

Consolidated Statements of Earnings (Unaudited) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended
	Dec. 26, 2015	Dec. 27, 2014
Allocated Share Based Compensation	$ 343	$ 432
Cost Of Goods Sold [Member]
Allocated Share Based Compensation	133	112
Marketing [Member]
Allocated Share Based Compensation	201	172
Distribution [Member]
Allocated Share Based Compensation	11	11
Administrative [Member]
Allocated Share Based Compensation	$ 173	$ 229

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Dec. 26, 2015	Dec. 27, 2014
Net Earnings	$ 12,479	$ 11,256
Foreign currency translation adjustments	(640)	(1,955)
Unrealized holding loss on marketable securities	(822)	(1,922)
Total Other Comprehensive(Loss)Income, net of tax	(1,462)	(3,877)
Comprehensive Income	$ 11,017	$ 7,379

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Dec. 26, 2015	Dec. 27, 2014
Operating activities:
Net earnings	$ 12,479,000	$ 11,256,000
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation of fixed assets	8,170,000	7,981,000
Amortization of intangibles and deferred costs	1,455,000	1,434,000
Share-based compensation	518,000	526,000
Deferred income taxes	(36,000)	(208,000)
Loss on sale of marketable securities	109,000	509,000
Other	89,000	(58,000)
Changes in assets and liabilities net of effects from purchase of companies
Decrease in accounts receivable	10,527,000	16,023,000
Increase in inventories	(12,073,000)	(10,522,000)
Decrease(increase)in prepaid expenses	3,141,000	(115,000)
Decrease in accounts payable and accrued liabilities	(3,461,000)	(2,895,000)
Net cash provided by operating activities	20,918,000	23,931,000
Investing activities:
Purchases of property, plant and equipment	(13,304,000)	(9,674,000)
Purchases of marketable securities	(21,329,000)	(11,639,000)
Proceeds from redemption and sales of marketable securities	1,198,000	11,601,000
Proceeds from disposal of property and equipment	581,000	197,000
Other	(72,000)	(47,000)
Net cash used in investing activities	(32,926,000)	(9,562,000)
Financing activities:
Payments to repurchase common stock	(3,115,000)	(1,670,000)
Proceeds from issuance of stock	640,000	1,098,000
Payments on capitalized lease obligations	(67,000)	(39,000)
Payment of cash dividend	(6,723,000)	(5,972,000)
Net cash used in financing activities	(9,265,000)	(6,583,000)
Effect of exchange rate on cash and cash equivalents	(494,000)	(1,471,000)
Net (decrease) increase in cash and cash equivalents	(21,767,000)	6,315,000
Cash and cash equivalents at beginning of period	133,689,000	91,760,000
Cash and cash equivalents at end of period	$ 111,922,000	$ 98,075,000

Note 1

Note 1	3 Months Ended
	Dec. 26, 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 months ended December 26, 2015 and December 27, 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 the 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 26, 2015.

Note 2

Note 2	3 Months Ended
	Dec. 26, 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 $324,000 and $304,000 at December 26, 2015 and September 26, 2015, respectively.

Note 3

Note 3	3 Months Ended
	Dec. 26, 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 $8,170,000 and $7,981,000 for the three months ended December 26, 2015 and December 27, 2014, respectively.

Note 4

Note 4	3 Months Ended
	Dec. 26, 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 December 26, 2015 Income Shares Per Share (Numerator) (Denominator) Amount (in thousands, except per share amounts) Basic EPS Net Earnings available to common stockholders $ 12,479 18,687 $ 0.67 Effect of Dilutive Securities Options - 152 (0.01 ) Diluted EPS Net Earnings available to common stockholders plus assumed conversions $ 12,479 18,839 $ 0.66 Three Months Ended December 27, 2014 Income Shares Per Share (Numerator) (Denominator) Amount (in thousands, except per share amounts) Basic EPS Net Earnings available to common stockholders $ 11,256 18,669 $ 0.60 Effect of Dilutive Securities Options - 132 - Diluted EPS Net Earnings available to common stockholders plus assumed conversions $ 11,256 18,801 $ 0.60

Note 5

Note 5	3 Months Ended
	Dec. 26, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	Note 5 At December 26, 2015, the Company has three stock-based employee compensation plans. Share-based compensation was recognized as follows: Three months ended December 26, December 27, 2015 2014 (in thousands, except per share amounts) Stock Options $ 250 $ 284 Stock purchase plan 92 147 Restricted stock issued to an employee 1 1 Total share-based compensation $ 343 $ 432 The above compensation is net of tax benefits $ 175 $ 92 The Company anticipates that share-based compensation will not exceed $1.8 million net of tax benefits for the fiscal year ending September 24, 2016. The Company did not grant any stock options during the 2016 and 2015 three month period. Expected volatility is based on the historical volatility of the price of our common shares over the past 49 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

Note 6	3 Months Ended
	Dec. 26, 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 $339,000 and $334,000 on December 26, 2015 and September 26, 2015, 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 December 26, 2015 and September 26, 2015, respectively, the Company has $204,000 and $199,000 of accrued interest and penalties.

Note 7

Note 7	3 Months Ended
	Dec. 26, 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 permitted. We anticipate that the impact of this guidance on our consolidated financial statements will not be material. In September 2015, the FASB issued guidance on accounting for business combinations which require that an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. This guidance eliminates the requirement to retrospectively account for these adjustments. This guidance is effective for our fiscal year ended September 2018. Early adoption is permitted. This guidance did not impact amounts and disclosures related to previous business combinations; therefore, the adoption of this guidance in the current quarter did not impact our consolidated financial statements. In July 2015, the FASB issued guidance which requires an entity to measure inventory at the lower of cost or net realizable value. Net realizable value is the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. This guidance will simplify the subsequent measurement of inventory, as current guidance requires an entity to measure inventory at the lower of cost or market. Under current guidance, market could be replacement cost, net realizable value, or net realizable value less an approximately normal profit margin. This guidance is effective for our fiscal year ended September 2018. Early adoption is permitted. The adoption of this guidance in the current quarter did not have a material impact on our consolidated financial statements. In November 2015, the FASB issued guidance on the balance sheet classification of deferred taxes which eliminates the current requirement to present deferred tax assets and liabilities as current and noncurrent in a classified balance sheet and now requires entities to classify all deferred tax assets and liabilities as noncurrent. This guidance is effective for our fiscal year ended September 2018. Early adoption is permitted. We anticipate that the impact of this guidance on our consolidated financial statements will not be material.

Note 8

Note 8	3 Months Ended
	Dec. 26, 2015
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	Note 8 Inventories consist of the following: December 26, September 26, 2015 2015 (unaudited) (in thousands) Finished goods $ 42,338 $ 34,258 Raw materials 18,881 17,000 Packaging materials 7,300 5,949 Equipment parts and other 25,984 25,450 Total Inventories $ 94,503 $ 82,657 The above inventories are net of reserves $ 2,443 $ 2,627

Note 9

Note 9	3 Months Ended
	Dec. 26, 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 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 December 26, December 27, 2015 2014 (unaudited) (in thousands) Sales to External Customers: Food Service Soft pretzels $ 38,699 $ 40,718 Frozen juices and ices 8,315 8,201 Churros 13,936 12,967 Handhelds 6,146 5,158 Bakery 76,601 74,431 Other 3,055 2,086 Total Food Service $ 146,752 $ 143,561 Retail Supermarket Soft pretzels $ 8,740 $ 9,200 Frozen juices and ices 9,064 9,155 Handhelds 3,875 4,879 Coupon redemption (574 ) (1,073 ) Other 155 226 Total Retail Supermarket $ 21,260 $ 22,387 Frozen Beverages Beverages $ 28,070 $ 25,510 Repair and maintenance service 17,763 15,310 Machines sales 8,732 5,747 Other 273 237 Total Frozen Beverages $ 54,838 $ 46,804 Consolidated Sales $ 222,850 $ 212,752 Depreciation and Amortization: Food Service $ 5,385 $ 5,190 Retail Supermarket 286 316 Frozen Beverages 3,954 3,909 Total Depreciation and Amortization $ 9,625 $ 9,415 Operating Income : Food Service $ 15,902 $ 15,493 Retail Supermarket 1,090 666 Frozen Beverages 1,368 451 Total Operating Income $ 18,360 $ 16,610 Capital Expenditures: Food Service $ 8,084 $ 6,133 Retail Supermarket 156 23 Frozen Beverages 5,064 3,518 Total Capital Expenditures $ 13,304 $ 9,674 Assets: Food Service $ 546,264 $ 521,702 Retail Supermarket 23,099 22,610 Frozen Beverages 172,275 158,552 Total Assets $ 741,638 $ 702,864

Note 10

Note 10	3 Months Ended
	Dec. 26, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
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 26, 2015 and September 26, 2015 are as follows: December 26, 2015 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 592 545 592 538 Customer relationships 40,797 34,487 40,797 33,584 License and rights 3,606 2,826 3,606 2,802 TOTAL FOOD SERVICE $ 58,067 $ 37,858 $ 58,067 $ 36,924 RETAIL SUPERMARKETS Indefinite lived intangible assets Trade Names $ 7,206 $ - $ 7,206 $ - Amortized Intangible Assets Non compete agreements 160 132 160 114 Customer relationships 7,979 1,420 7,979 1,220 TOTAL RETAIL SUPERMARKETS $ 15,345 $ 1,552 $ 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 6,234 6,678 6,075 Licenses and rights 1,601 872 1,601 854 TOTAL FROZEN BEVERAGES $ 17,792 $ 7,304 $ 17,792 $ 7,127 CONSOLIDATED $ 91,204 $ 46,714 $ 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 months ended December 26, 2015. Aggregate amortization expense of intangible assets for the three months ended December 26, 2015 and December 27, 2014 was $1,329,000 and $1,355,000 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: Retail Frozen Food Service Supermarket Beverages Total (in thousands) Balance at December 26, 2015 $ 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 months ended December 26, 2015.

Note 11

Note 11	3 Months Ended
	Dec. 26, 2015
Investments, Debt and Equity Securities [Abstract]
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [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, preferred stock and corporate bonds. 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 values of preferred stock and corporate bonds are based on quoted prices for identical or similar instruments in markets that are not active. As a result, preferred stock and corporate bonds are classified within Level 2 of the fair value hierarchy. The amortized cost, unrealized gains and losses, and fair market values of our investment securities held to maturity at December 26, 2015 are summarized as follows: Gross Gross Fair Amortized Unrealized Unrealized Market Cost Gains Losses Value (in thousands) Corporate Bonds $ 87,772 $ 14 $ 1,534 $ 86,252 Total investment securities held to maturity $ 87,772 $ 14 $ 1,534 $ 86,252 The amortized cost, unrealized gains and losses, and fair market values of our investment securities available for sale at December 26, 2015 are summarized as follows: Gross Gross Fair Amortized Unrealized Unrealized Market Cost Gains Losses Value (in thousands) Mutual Funds $ 18,733 $ - $ 1,262 $ 17,471 Preferred Stock 20,473 17 453 20,037 Total investment securities available for sale $ 39,206 $ 17 $ 1,715 $ 37,508 The mutual funds seek current income with an emphasis on maintaining low volatility and overall moderate duration. The unrealized losses of $1.3 million are spread over 4 funds with total fair market value of $17.5 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. The mutual funds and Fixed-to-Floating Perpetual Preferred Stock 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 corporate bonds generate fixed income to maturity dates in 2017 through 2021, with $65 million maturing within 3 years. Our expectation is that we will hold the corporate bonds to their maturity dates and redeem them at our amortized cost. The amortized cost, unrealized gains and losses, and fair market values of our investment securities held to maturity at September 26, 2015 are summarized as follows: Gross Gross Fair Amortized Unrealized Unrealized Market Cost Gains Losses Value (in thousands) Corporate Bonds $ 66,660 $ 15 $ 663 $ 66,012 Total investment securities held to maturity $ 66,660 $ 15 $ 663 $ 66,012 The amortized cost, unrealized gains and losses, and fair market values of our investment securities available for sale at September 26, 2015 are summarized as follows: Gross Gross Fair Amortized Unrealized Unrealized Market Cost Gains Losses Value (in thousands) Mutual Funds $ 20,041 $ - $ 827 $ 19,214 Preferred Stock 20,473 114 163 20,424 Total investment securities available for sale $ 40,514 $ 114 $ 990 $ 39,638 The amortized cost and fair value of the Company’s held to maturity securities by contractual maturity at December 26, 2015 and September 26, 2015 are summarized as follows: December 26, 2015 September 26, 2015 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 86,685 85,191 63,522 63,010 Due after five years through ten years 1,087 1,061 3,138 3,002 Total held to maturity securities $ 87,772 $ 86,252 $ 66,660 $ 66,012 Less current portion - - - - Long term held to maturity securities $ 87,772 $ 86,252 $ 66,660 $ 66,012 Proceeds from the redemption and sale of marketable securities were $1,198,000 and $11,601,000 in the three months ended December 26, 2015 and December 27, 2014, respectively, with a loss of $109,000 recorded in the three months ended December 26, 2015 and $509,000 recorded in the three months ended December 27, 2014. We use the specific identification method to determine the cost of securities sold.

Note 12

Note 12	3 Months Ended
	Dec. 26, 2015
Disclosure Text Block [Abstract]
Comprehensive Income (Loss) Note [Text Block]	Note 12 Changes to the components of other accumulated comprehensive loss are as follows: Three Months ended December 26, 2015 (unaudited) (in thousands) Unrealized Holding Foreign Currency Loss on Translation Adjustments Marketable Securities Total Beginning Balance $ (10,021 ) $ (876 ) $ (10,897 ) Other comprehensive (loss) income before reclassifications (640 ) (892 ) (1,532 ) Amounts reclassified from accumulated other comprehensive income - 70 70 Ending Balance $ (10,661 ) $ (1,698 ) $ (12,359 ) All amounts are net of tax. Three Months ended December 27, 2014 (unaudited) (in thousands) Unrealized Holding Foreign Currency Loss on Translation Adjustments Marketable Securities Total Beginning Balance $ (4,632 ) $ (1,356 ) $ (5,988 ) Other comprehensive (loss) income before reclassifications (1,955 ) (2,138 ) (4,093 ) Amounts reclassified from accumulated other comprehensive income - 216 216 Ending Balance $ (6,587 ) $ (3,278 ) $ (9,865 ) All amounts are net of tax.

Note 4 (Tables)

Note 4 (Tables)	3 Months Ended
	Dec. 26, 2015
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended December 26, 2015 Income Shares Per Share (Numerator) (Denominator) Amount (in thousands, except per share amounts) Basic EPS Net Earnings available to common stockholders $ 12,479 18,687 $ 0.67 Effect of Dilutive Securities Options - 152 (0.01 ) Diluted EPS Net Earnings available to common stockholders plus assumed conversions $ 12,479 18,839 $ 0.66 Three Months Ended December 27, 2014 Income Shares Per Share (Numerator) (Denominator) Amount (in thousands, except per share amounts) Basic EPS Net Earnings available to common stockholders $ 11,256 18,669 $ 0.60 Effect of Dilutive Securities Options - 132 - Diluted EPS Net Earnings available to common stockholders plus assumed conversions $ 11,256 18,801 $ 0.60

Note 5 (Tables)

Note 5 (Tables)	3 Months Ended
	Dec. 26, 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 December 26, December 27, 2015 2014 (in thousands, except per share amounts) Stock Options $ 250 $ 284 Stock purchase plan 92 147 Restricted stock issued to an employee 1 1 Total share-based compensation $ 343 $ 432 The above compensation is net of tax benefits $ 175 $ 92

Note 8 (Tables)

Note 8 (Tables)	3 Months Ended
	Dec. 26, 2015
Inventory Disclosure [Abstract]
Schedule of Inventory, Current [Table Text Block]	December 26, September 26, 2015 2015 (unaudited) (in thousands) Finished goods $ 42,338 $ 34,258 Raw materials 18,881 17,000 Packaging materials 7,300 5,949 Equipment parts and other 25,984 25,450 Total Inventories $ 94,503 $ 82,657 The above inventories are net of reserves $ 2,443 $ 2,627

Note 9 (Tables)

Note 9 (Tables)	3 Months Ended
	Dec. 26, 2015
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three months ended December 26, December 27, 2015 2014 (unaudited) (in thousands) Sales to External Customers: Food Service Soft pretzels $ 38,699 $ 40,718 Frozen juices and ices 8,315 8,201 Churros 13,936 12,967 Handhelds 6,146 5,158 Bakery 76,601 74,431 Other 3,055 2,086 Total Food Service $ 146,752 $ 143,561 Retail Supermarket Soft pretzels $ 8,740 $ 9,200 Frozen juices and ices 9,064 9,155 Handhelds 3,875 4,879 Coupon redemption (574 ) (1,073 ) Other 155 226 Total Retail Supermarket $ 21,260 $ 22,387 Frozen Beverages Beverages $ 28,070 $ 25,510 Repair and maintenance service 17,763 15,310 Machines sales 8,732 5,747 Other 273 237 Total Frozen Beverages $ 54,838 $ 46,804 Consolidated Sales $ 222,850 $ 212,752 Depreciation and Amortization: Food Service $ 5,385 $ 5,190 Retail Supermarket 286 316 Frozen Beverages 3,954 3,909 Total Depreciation and Amortization $ 9,625 $ 9,415 Operating Income : Food Service $ 15,902 $ 15,493 Retail Supermarket 1,090 666 Frozen Beverages 1,368 451 Total Operating Income $ 18,360 $ 16,610 Capital Expenditures: Food Service $ 8,084 $ 6,133 Retail Supermarket 156 23 Frozen Beverages 5,064 3,518 Total Capital Expenditures $ 13,304 $ 9,674 Assets: Food Service $ 546,264 $ 521,702 Retail Supermarket 23,099 22,610 Frozen Beverages 172,275 158,552 Total Assets $ 741,638 $ 702,864

Note 10 (Tables)

Note 10 (Tables)	3 Months Ended
	Dec. 26, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block]	December 26, 2015 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 592 545 592 538 Customer relationships 40,797 34,487 40,797 33,584 License and rights 3,606 2,826 3,606 2,802 TOTAL FOOD SERVICE $ 58,067 $ 37,858 $ 58,067 $ 36,924 RETAIL SUPERMARKETS Indefinite lived intangible assets Trade Names $ 7,206 $ - $ 7,206 $ - Amortized Intangible Assets Non compete agreements 160 132 160 114 Customer relationships 7,979 1,420 7,979 1,220 TOTAL RETAIL SUPERMARKETS $ 15,345 $ 1,552 $ 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 6,234 6,678 6,075 Licenses and rights 1,601 872 1,601 854 TOTAL FROZEN BEVERAGES $ 17,792 $ 7,304 $ 17,792 $ 7,127 CONSOLIDATED $ 91,204 $ 46,714 $ 91,204 $ 45,385
Schedule of Goodwill [Table Text Block]	Retail Frozen Food Service Supermarket Beverages Total (in thousands) Balance at December 26, 2015 $ 46,832 $ 3,670 $ 35,940 $ 86,442 Balance at September 26, 2015 $ 46,832 $ 3,670 $ 35,940 $ 86,442

Note 11 (Tables)

Note 11 (Tables)	3 Months Ended
	Dec. 26, 2015
Investments, Debt and Equity Securities [Abstract]
Unrealized Gain (Loss) on Investments [Table Text Block]	Gross Gross Fair Amortized Unrealized Unrealized Market Cost Gains Losses Value (in thousands) Corporate Bonds $ 87,772 $ 14 $ 1,534 $ 86,252 Total investment securities held to maturity $ 87,772 $ 14 $ 1,534 $ 86,252 Gross Gross Fair Amortized Unrealized Unrealized Market Cost Gains Losses Value (in thousands) Mutual Funds $ 18,733 $ - $ 1,262 $ 17,471 Preferred Stock 20,473 17 453 20,037 Total investment securities available for sale $ 39,206 $ 17 $ 1,715 $ 37,508 Gross Gross Fair Amortized Unrealized Unrealized Market Cost Gains Losses Value (in thousands) Corporate Bonds $ 66,660 $ 15 $ 663 $ 66,012 Total investment securities held to maturity $ 66,660 $ 15 $ 663 $ 66,012 Gross Gross Fair Amortized Unrealized Unrealized Market Cost Gains Losses Value (in thousands) Mutual Funds $ 20,041 $ - $ 827 $ 19,214 Preferred Stock 20,473 114 163 20,424 Total investment securities available for sale $ 40,514 $ 114 $ 990 $ 39,638
Investments Classified by Contractual Maturity Date [Table Text Block]	December 26, 2015 September 26, 2015 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 86,685 85,191 63,522 63,010 Due after five years through ten years 1,087 1,061 3,138 3,002 Total held to maturity securities $ 87,772 $ 86,252 $ 66,660 $ 66,012 Less current portion - - - - Long term held to maturity securities $ 87,772 $ 86,252 $ 66,660 $ 66,012

Note 12 (Tables)

Note 12 (Tables)	3 Months Ended
	Dec. 26, 2015
Disclosure Text Block [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Three Months ended December 26, 2015 (unaudited) (in thousands) Unrealized Holding Foreign Currency Loss on Translation Adjustments Marketable Securities Total Beginning Balance $ (10,021 ) $ (876 ) $ (10,897 ) Other comprehensive (loss) income before reclassifications (640 ) (892 ) (1,532 ) Amounts reclassified from accumulated other comprehensive income - 70 70 Ending Balance $ (10,661 ) $ (1,698 ) $ (12,359 ) Three Months ended December 27, 2014 (unaudited) (in thousands) Unrealized Holding Foreign Currency Loss on Translation Adjustments Marketable Securities Total Beginning Balance $ (4,632 ) $ (1,356 ) $ (5,988 ) Other comprehensive (loss) income before reclassifications (1,955 ) (2,138 ) (4,093 ) Amounts reclassified from accumulated other comprehensive income - 216 216 Ending Balance $ (6,587 ) $ (3,278 ) $ (9,865 )

Note 2 (Details)

Note 2 (Details) - USD ($)	Dec. 26, 2015	Sep. 26, 2015
Revenue [Abstract]
Allowance for Doubtful Accounts Receivable	$ 324,000	$ 304,000

Note 3 (Details)

Note 3 (Details) - USD ($)	3 Months Ended
	Dec. 26, 2015	Dec. 27, 2014
Note 3 (Details) [Line Items]
Depreciation	$ 8,170,000	$ 7,981,000
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

Note 4 (Details) - Calculation

Note 4 (Details) - Calculation of EPS - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Dec. 26, 2015	Dec. 27, 2014
Basic EPS
Net Earnings available to common stockholders (in Dollars)	$ 12,479	$ 11,256
Net Earnings available to common stockholders	18,687	18,669
Net Earnings available to common stockholders (in Dollars per share)	$ 0.67	$ 0.60
Effect of Dilutive Securities
Options	152	132
Options (in Dollars per share)	$ (0.01)
Diluted EPS
Net Earnings available to common stockholders plus assumed conversions (in Dollars)	$ 12,479	$ 11,256
Net Earnings available to common stockholders plus assumed conversions	18,839	18,801
Net Earnings available to common stockholders plus assumed conversions (in Dollars per share)	$ 0.66	$ 0.60

Note 5 (Details)

Note 5 (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Dec. 26, 2015	Dec. 27, 2014	Sep. 24, 2016
Note 5 (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	0	0
Scenario, Forecast [Member]
Note 5 (Details) [Line Items]
Anticipated Share-based Compensation, Net of Tax Benefits (in Dollars)			$ 1.8
5 year options [Member]
Note 5 (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Volatility Calculation Term	49 months
10 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

Note 5 (Details) - Share-based

Note 5 (Details) - Share-based Compensation - USD ($) $ in Thousands	3 Months Ended
	Dec. 26, 2015	Dec. 27, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 343	$ 432
The above compensation is net of tax benefits	175	92
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	250	284
Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	92	147
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 1	$ 1

Note 6 (Details)

Note 6 (Details) - USD ($)	Dec. 26, 2015	Sep. 26, 2015
Income Tax Disclosure [Abstract]
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	$ 339,000	$ 334,000
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	$ 204,000	$ 199,000

Note 8 (Details) - Inventories

Note 8 (Details) - Inventories - USD ($) $ in Thousands	Dec. 26, 2015	Sep. 26, 2015
Inventories [Abstract]
Finished goods	$ 42,338	$ 34,258
Raw materials	18,881	17,000
Packaging materials	7,300	5,949
Equipment parts and other	25,984	25,450
Total Inventories	94,503	82,657
The above inventories are net of reserves	$ 2,443	$ 2,627

Note 9 (Details)

Note 9 (Details)	3 Months Ended
	Dec. 26, 2015
Segment Reporting [Abstract]
Number of Operating Segments	3
Number of Reportable Segments	3

Note 9 (Details) - Reportable S

Note 9 (Details) - Reportable Segments Operations Information - USD ($) $ in Thousands	3 Months Ended
	Dec. 26, 2015	Dec. 27, 2014	Sep. 26, 2015
Food Service
Sales to External Customers	$ 222,850	$ 212,752
Depreciation and Amortization:
Depreciation and Amortization	9,625	9,415
Operating Income :
Operating Income	18,360	16,610
Capital Expenditures:
Capital Expenditures	13,304	9,674
Assets:
Assets	741,638	702,864	$ 742,935
Food Service [Member]
Food Service
Sales to External Customers	146,752	143,561
Depreciation and Amortization:
Depreciation and Amortization	5,385	5,190
Operating Income :
Operating Income	15,902	15,493
Capital Expenditures:
Capital Expenditures	8,084	6,133
Assets:
Assets	546,264	521,702
Food Service [Member] | Soft Pretzels [Member]
Food Service
Sales to External Customers	38,699	40,718
Food Service [Member] | Frozen Juices And Ices [Member]
Food Service
Sales to External Customers	8,315	8,201
Food Service [Member] | Churros [Member]
Food Service
Sales to External Customers	13,936	12,967
Food Service [Member] | Handhelds [Member]
Food Service
Sales to External Customers	6,146	5,158
Food Service [Member] | Bakery [Member]
Food Service
Sales to External Customers	76,601	74,431
Food Service [Member] | Other [Member]
Food Service
Sales to External Customers	3,055	2,086
Retail Supermarket [Member]
Food Service
Sales to External Customers	21,260	22,387
Depreciation and Amortization:
Depreciation and Amortization	286	316
Operating Income :
Operating Income	1,090	666
Capital Expenditures:
Capital Expenditures	156	23
Assets:
Assets	23,099	22,610
Retail Supermarket [Member] | Soft Pretzels [Member]
Food Service
Sales to External Customers	8,740	9,200
Retail Supermarket [Member] | Frozen Juices And Ices [Member]
Food Service
Sales to External Customers	9,064	9,155
Retail Supermarket [Member] | Handhelds [Member]
Food Service
Sales to External Customers	3,875	4,879
Retail Supermarket [Member] | Other [Member]
Food Service
Sales to External Customers	155	226
Retail Supermarket [Member] | Coupon Redemtion [Member]
Food Service
Sales to External Customers	(574)	(1,073)
Frozen Beverages [Member]
Food Service
Sales to External Customers	54,838	46,804
Depreciation and Amortization:
Depreciation and Amortization	3,954	3,909
Operating Income :
Operating Income	1,368	451
Capital Expenditures:
Capital Expenditures	5,064	3,518
Assets:
Assets	172,275	158,552
Frozen Beverages [Member] | Other [Member]
Food Service
Sales to External Customers	273	237
Frozen Beverages [Member] | Beverages [Member]
Food Service
Sales to External Customers	28,070	25,510
Frozen Beverages [Member] | Repair And Maintenance Service [Member]
Food Service
Sales to External Customers	17,763	15,310
Frozen Beverages [Member] | Machines Sales [Member]
Food Service
Sales to External Customers	$ 8,732	$ 5,747

Note 10 (Details)

Note 10 (Details)	3 Months Ended
	Dec. 26, 2015USD ($)	Dec. 27, 2014USD ($)
Note 10 (Details) [Line Items]
Number of Reportable Segments	3
Indefinite-lived Intangible Assets Acquired	$ 0
Amortization of Intangible Assets	1,329,000	$ 1,355,000
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months	5,100,000
Finite-Lived Intangible Assets, Amortization Expense, Year Two	2,600,000
Finite-Lived Intangible Assets, Amortization Expense, Year Three	1,800,000
Finite-Lived Intangible Assets, Amortization Expense, Year Four	1,700,000
Finite-Lived Intangible Assets, Amortization Expense, Year Five	$ 1,400,000
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	10 years
Goodwill, Acquired During Period	$ 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

Note 10 (Details) - Intangible

Note 10 (Details) - Intangible Assets by Reporting Segment - USD ($) $ in Thousands	Dec. 26, 2015	Sep. 26, 2015
Amortized intangible assets
Gross Carrying Amount	$ 91,204	$ 91,204
Accumulated Amortization	46,714	45,385
Food Service [Member]
Amortized intangible assets
Gross Carrying Amount	58,067	58,067
Accumulated Amortization	37,858	36,924
Retail Supermarket [Member]
Amortized intangible assets
Gross Carrying Amount	15,345	15,345
Accumulated Amortization	1,552	1,334
Frozen Beverages [Member]
Amortized intangible assets
Gross Carrying Amount	17,792	17,792
Accumulated Amortization	7,304	7,127
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
Noncompete Agreements [Member] | Food Service [Member]
Amortized intangible assets
Gross Carrying Amount	592	592
Accumulated Amortization	545	538
Noncompete Agreements [Member] | Retail Supermarket [Member]
Amortized intangible assets
Gross Carrying Amount	160	160
Accumulated Amortization	132	114
Noncompete Agreements [Member] | Frozen Beverages [Member]
Amortized intangible assets
Gross Carrying Amount	198	198
Accumulated Amortization	198	198
Customer Relationships [Member] | Food Service [Member]
Amortized intangible assets
Gross Carrying Amount	40,797	40,797
Accumulated Amortization	34,487	33,584
Customer Relationships [Member] | Retail Supermarket [Member]
Amortized intangible assets
Gross Carrying Amount	7,979	7,979
Accumulated Amortization	1,420	1,220
Customer Relationships [Member] | Frozen Beverages [Member]
Amortized intangible assets
Gross Carrying Amount	6,678	6,678
Accumulated Amortization	6,234	6,075
License and Rights [Member] | Food Service [Member]
Amortized intangible assets
Gross Carrying Amount	3,606	3,606
Accumulated Amortization	2,826	2,802
License and Rights [Member] | Frozen Beverages [Member]
Amortized intangible assets
Gross Carrying Amount	1,601	1,601
Accumulated Amortization	$ 872	$ 854

Note 10 (Details) - Goodwill

Note 10 (Details) - Goodwill - USD ($) $ in Thousands	Dec. 26, 2015	Sep. 26, 2015
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

Note 11 (Details)

Note 11 (Details)	3 Months Ended
	Dec. 26, 2015USD ($)	Dec. 27, 2014USD ($)	Sep. 26, 2015USD ($)
Note 11 (Details) [Line Items]
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	$ 1,715,000		$ 990,000
Held-to-maturity Securities	87,772,000		66,660,000
Proceeds from Sale and Maturity of Marketable Securities	1,198,000	$ 11,601,000
Marketable Securities, Gain (Loss)	(109,000)	$ (509,000)
Four Mutual Funds [Member]
Note 11 (Details) [Line Items]
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	$ 1,300,000
Number of Funds	4
Marketable Securities	$ 17,500,000
Mutual Funds [Member]
Note 11 (Details) [Line Items]
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax			$ 827,000
Classification of Noncurrent Asset, Mutual Funds, Period	1 year
Corporate Bond Securities [Member]
Note 11 (Details) [Line Items]
Held-to-maturity Securities	$ 65,000,000
Investment Securities, Maturity Term	3 years

Note 11 (Details) - Summary of

Note 11 (Details) - Summary of Investment Securities - USD ($) $ in Thousands	Dec. 26, 2015	Sep. 26, 2015
Note 11 (Details) - Summary of Investment Securities [Line Items]
Held to Maturity - Amortized Cost	$ 87,772	$ 66,660
Held to Maturity - Gross Unrealized Gains	14	15
Held to Maturity - Gross Unrealized Losses	1,534	663
Held to Maturity - Fair Market Value	86,252	66,012
Availabe for Sale - Amortized Cost	39,206	40,514
Availabe for Sale - Gross Unrealized Gains	17	114
Availabe for Sale - Gross Unrealized Losses	1,715	990
Availabe for Sale - Fair Market Value	37,508	39,638
Corporate Bond Securities [Member]
Note 11 (Details) - Summary of Investment Securities [Line Items]
Held to Maturity - Amortized Cost	87,772	66,660
Held to Maturity - Gross Unrealized Gains	14	15
Held to Maturity - Gross Unrealized Losses	1,534	663
Held to Maturity - Fair Market Value	86,252	66,012
Mutual Funds [Member]
Note 11 (Details) - Summary of Investment Securities [Line Items]
Held to Maturity - Amortized Cost	18,733
Held to Maturity - Gross Unrealized Losses	1,262
Held to Maturity - Fair Market Value	17,471
Availabe for Sale - Amortized Cost		20,041
Availabe for Sale - Gross Unrealized Losses		827
Availabe for Sale - Fair Market Value		19,214
Preferred Stock [Member]
Note 11 (Details) - Summary of Investment Securities [Line Items]
Availabe for Sale - Amortized Cost	20,473	20,473
Availabe for Sale - Gross Unrealized Gains	17	114
Availabe for Sale - Gross Unrealized Losses	453	163
Availabe for Sale - Fair Market Value	$ 20,037	$ 20,424

Note 11 (Details) - Held to Mat

Note 11 (Details) - Held to Maturity Securities by Contractual Maturity - USD ($) $ in Thousands	Dec. 26, 2015	Sep. 26, 2015
Held to Maturity Securities by Contractual Maturity [Abstract]
Due after one year through five years	$ 86,685	$ 63,522
Due after one year through five years	85,191	63,010
Due after five years through ten years	1,087	3,138
Due after five years through ten years	1,061	3,002
Total held to maturity securities	87,772	66,660
Total held to maturity securities	86,252	66,012
Long term held to maturity securities	87,772	66,660
Long term held to maturity securities	$ 86,252	$ 66,012

Note 12 (Details) - Changes to

Note 12 (Details) - Changes to the Components of Other Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended
	Dec. 26, 2015	Dec. 27, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	$ (10,897)	$ (5,988)
Other comprehensive (loss) income before reclassifications	(1,532)	(4,093)
Amounts reclassified from accumulated other comprehensive income	70	216
Ending Balance	(12,359)	(9,865)
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(10,021)	(4,632)
Other comprehensive (loss) income before reclassifications	(640)	(1,955)
Ending Balance	(10,661)	(6,587)
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(876)	(1,356)
Other comprehensive (loss) income before reclassifications	(892)	(2,138)
Amounts reclassified from accumulated other comprehensive income	70	216
Ending Balance	$ (1,698)	$ (3,278)