J&J Snack Foods (JJSF) 10-Q/A 28 Apr 16 2016 Q2 Quarterly report (amended) Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Mar. 26, 2016	Apr. 20, 2016
Entity Registrant Name	J&J SNACK FOODS CORP
Entity Central Index Key	785,956
Trading Symbol	jjsf
Current Fiscal Year End Date	--09-24
Entity Filer Category	Large Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	Yes
Entity Common Stock, Shares Outstanding (in shares)		18,619,079
Document Type	10-Q
Document Period End Date	Mar. 26, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Amendment Flag	true
Amendment Description	The Company inadvertently filed its March 26, 2016 10-Q on April 25, 2016 prior to the interim financial statements being reviewed by its independent registered public accounting firm. This amendment is being filed now that the interim review is complete. Except for changes made to Item 4. Controls and Procedures and the filing of the independent registered public accounting firm’s review report and Exhibit 15, the information contained in the filing on April 25, 2016 has not been changed or updated by this filing.

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Mar. 26, 2016	Sep. 26, 2015
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	220,979	210,728
Marketing Equipment [Member]
Property, plant and equipment, at cost
Property, plant and equipment gross	270,966	266,047
Transportation Equipment [Member]
Property, plant and equipment, at cost
Property, plant and equipment gross	7,473	6,866
Office Equipment [Member]
Property, plant and equipment, at cost
Property, plant and equipment gross	21,208	20,586
Improvements [Member]
Property, plant and equipment, at cost
Property, plant and equipment gross	34,322	28,725
Construction in Progress [Member]
Property, plant and equipment, at cost
Property, plant and equipment gross	6,099	9,486
Cash and cash equivalents	89,337	133,689
Accounts receivable, net	102,943	102,649
Inventories	100,649	82,657
Prepaid expenses and other	7,602	6,557
Deferred income taxes	3,297	3,266
Total current assets	303,828	328,818
Property, plant and equipment gross	590,284	571,675
Less accumulated depreciation and amortization	411,565	399,621
Property, plant and equipment, net	178,719	172,054
Other assets
Goodwill	86,442	86,442
Other intangible assets, net	43,162	45,819
Marketable securities held to maturity	96,649	66,660
Marketable securities available for sale	33,586	39,638
Other	2,721	3,504
Total other assets	262,560	242,063
Total Assets	745,107	742,935
Current Liabilities
Current obligations under capital leases	360	273
Accounts payable	58,928	59,206
Accrued insurance liability	$ 11,461	$ 10,231
Accrued income taxes
Accrued liabilities	$ 6,043	$ 5,365
Accrued compensation expense	11,677	15,318
Dividends payable	7,260	6,723
Total current liabilities	95,729	97,116
Long-term obligations under capital leases	1,418	1,196
Deferred income taxes	43,672	43,789
Other long-term liabilities	$ 848	$ 915
Stockholders' Equity
Preferred stock, $1 par value; authorized 10,000,000 shares; none issued
Common stock, no par value; authorized, 50,000,000 shares; issued and outstanding 18,617,000 and 18,676,000 respectively	$ 22,934	$ 31,653
Accumulated other comprehensive loss	(12,679)	(10,897)
Retained Earnings	593,185	579,163
Total stockholders' equity	603,440	599,919
Total Liabilities and Stockholder's Equity	$ 745,107	$ 742,935

Consolidated Balance Sheets (C3

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Mar. 26, 2016	Sep. 26, 2015
Preferred, par value (in dollars per share)	$ 1	$ 1
Preferred, shares authorized (in shares)	10,000,000	10,000,000
Preferred, shares issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	50,000,000	50,000,000
Common stock, shares issued (in shares)	18,617,000	18,676,000
Common stock, shares outstanding (in shares)	18,617,000	18,676,000

Consolidated Statements of Earn

Consolidated Statements of Earnings (Unaudited) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Mar. 26, 2016	Mar. 28, 2015	Mar. 26, 2016	Mar. 28, 2015
Net Sales		$ 229,710	$ 225,008	$ 452,560	$ 437,760
Cost of goods sold(1)	[1]	160,961	158,058	319,976	309,709
Gross Profit		68,749	66,950	132,584	128,051
Operating expenses
Marketing (2)	[2]	20,364	19,986	39,993	39,473
Distribution (3)	[3]	17,522	17,633	35,778	35,154
Administrative (4)	[4]	7,637	7,462	15,327	14,987
Other general expense		(53)	64	(153)	22
Total Operating Expenses		45,470	45,145	90,945	89,636
Operating Income		23,279	21,805	41,639	38,415
Other income (expense)
Investment income		977	1,278	2,137	2,632
Interest expense & other		(31)	(30)	(63)	(54)
Earnings before income taxes		24,225	23,053	43,713	40,993
Income taxes		8,637	8,416	15,147	15,100
NET EARNINGS		$ 15,588	$ 14,637	$ 28,566	$ 25,893
Earnings per diluted share (in dollars per share)		$ 0.83	$ 0.78	$ 1.52	$ 1.38
Weighted average number of diluted shares (in shares)		18,752	18,821	18,796	18,811
Earnings per basic share (in dollars per share)		$ 0.84	$ 0.78	$ 1.53	$ 1.39
Weighted average number of basic shares (in shares)		18,637	18,689	18,662	18,679
[1]	Includes share-based compensation expense of $138 and $271 for the three months and six months ended March 26, 2016, respectively and $108 and $220 for the three months and six months ended March 28, 2015.
[2]	Includes share-based compensation expense of $208 and $409 for the three months and six months ended March 26,2016, respectively and $158 and $330 for the three months and six months ended March 28 2015.
[3]	Includes share-based compensation expense of $11 and $22 for the three months and six months ended March 26, 2016, respectively and $10 and $21 for the three months and six months ended March 28, 2015.
[4]	Includes share-based compensation expense of $180 and $353 for the three months and six months ended March 26, 2016, respectively and $209 and $438 for the three months and six months ended March 28, 2015.

Consolidated Statements of Ear5

Consolidated Statements of Earnings (Unaudited) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 26, 2016	Mar. 28, 2015	Mar. 26, 2016	Mar. 28, 2015
Cost of Goods Sold [Member]
Allocated share-based compensation	$ 138	$ 108	$ 271	$ 220
Marketing [Member]
Allocated share-based compensation	208	158	409	330
Distribution [Member]
Allocated share-based compensation	11	10	22	21
Administrative [Member]
Allocated share-based compensation	$ 180	$ 209	$ 353	$ 438

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 26, 2016	Mar. 28, 2015	Mar. 26, 2016	Mar. 28, 2015
Net earnings	$ 15,588	$ 14,637	$ 28,566	$ 25,893
Foreign currency translation adjustments	(40)	(914)	(680)	(2,869)
Unrealized holding gain(loss)on marketable securities	(280)	533	(1,102)	(1,389)
Total Other Comprehensive Income, net of tax	(320)	(381)	(1,782)	(4,258)
Comprehensive Income	$ 15,268	$ 14,256	$ 26,784	$ 21,635

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Mar. 26, 2016	Mar. 28, 2015
Operating activities:
Net earnings	$ 28,566,000	$ 25,893,000
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation of fixed assets	16,761,000	15,987,000
Amortization of intangibles and deferred costs	2,909,000	2,869,000
Share-based compensation	1,055,000	1,009,000
Deferred income taxes	(139,000)	14,000
Loss on sale of marketable securities	406,000	509,000
Other	289,000	(199,000)
Changes in assets and liabilities net of effects from purchase of companies
(Increase)decrease in accounts receivable	(285,000)	3,885,000
Increase in inventories	(18,128,000)	(13,158,000)
Increase in prepaid expenses	(1,054,000)	(1,918,000)
Decrease in accounts payable and accrued liabilities	(2,079,000)	(6,373,000)
Net cash provided by operating activities	28,301,000	28,518,000
Investing activities:
Purchases of property, plant and equipment	(23,735,000)	(17,933,000)
Purchases of marketable securities	(31,286,000)	(13,136,000)
Proceeds from Sale and Maturity of Marketable Securities	5,384,000	13,601,000
Proceeds from disposal of property and equipment	835,000	862,000
Other	582,000	(56,000)
Net cash used in investing activities	(48,220,000)	(16,662,000)
Financing activities:
Payments to repurchase common stock	(11,758,000)	(2,114,000)
Proceeds from issuance of stock	1,984,000	2,070,000
Payments on capitalized lease obligations	(176,000)	(105,000)
Payment of cash dividend	(14,006,000)	(12,696,000)
Net cash used in financing activities	(23,956,000)	(12,845,000)
Effect of exchange rate on cash and cash equivalents	(477,000)	(2,156,000)
Net decrease in cash and cash equivalents	(44,352,000)	(3,145,000)
Cash and cash equivalents at beginning of period	133,689,000	91,760,000
Cash and cash equivalents at end of period	$ 89,337,000	$ 88,615,000

Note 1

Note 1	6 Months Ended
	Mar. 26, 2016
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	Note1 The accompanying unaudited Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. They do not include all information and notes required by generally accepted accounting principles for complete financial statements. However, except as disclosed herein, there has been no material change in the information disclosed in the Notes to Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended September 26, 2015 . 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 March 26, 2016 and March 28, 2015 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	6 Months Ended
	Mar. 26, 2016
Notes to Financial Statements
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 $535,000 and $304,000 at March 26, 2016 and September 26, 2015, respectively.

Note 3

Note 3	6 Months Ended
	Mar. 26, 2016
Notes to Financial Statements
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 $8,591,000 and $8,006,000 for the three months ended March 26, 2016 and March 28, 2015, respectively, and for the six months ended March 26, 2016 and March 28, 2015 was $16,761,000 and $15,987,000, respectively.

Note 4

Note 4	6 Months Ended
	Mar. 26, 2016
Notes to Financial Statements
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 March 26, 2016 Income (Numerator) Shares (Denominator) Per Share Amount (in thousands, except per share amounts) Basic EPS Net Earnings available to common stockholders $ 15,588 18,637 $ 0.84 Effect of Dilutive Securities Options - 115 (0.01 ) Diluted EPS Net Earnings available to common stockholders plus assumed conversions $ 15,588 18,752 $ 0.83 180,670 anti-dilutive shares have been excluded in the computation of EPS for the three months ended March 26, 2016. Six Months Ended March 26, 2016 Income (Numerator) Shares (Denominator) Per Share Amount (in thousands, except per share amounts) Basic EPS Net Earnings available to common stockholders $ 28,566 18,662 $ 1.53 Effect of Dilutive Securities Options - 134 (0.01 ) Diluted EPS Net Earnings available to common stockholders plus assumed conversions $ 28,566 18,796 $ 1.52 180,670 anti-dilutive shares have been excluded in the computation of EPS for the six months ended March 26, 2016. Three Months Ended March 28,2015 Income (Numerator) Shares (Denominator) Per Share Amount (in thousands, except per share amounts) Basic EPS Net Earnings available to common stockholders $ 14,637 18,689 $ 0.78 Effect of Dilutive Securities Options - 132 - Diluted EPS Net Earnings available to common stockholders plus assumed conversions $ 14,637 18,821 $ 0.78 Six Months Ended March 28, 2015 Income (Numerator) Shares (Denominator) Per Share Amount (in thousands, except per share amounts) Basic EPS Net Earnings available to common stockholders $ 25,893 18,679 $ 1.39 Effect of Dilutive Securities Options - 132 (0.01 ) Diluted EPS Net Earnings available to common stockholders plus assumed conversions $ 25,893 18,811 $ 1.38

Note 5

Note 5	6 Months Ended
	Mar. 26, 2016
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	Note 5 At March 26, 2016, the Company has three stock-based employee compensation plans. Share-based compensation expense (benefit) was recognized as follows: Three months ended Six months ended March 26, 2016 March 28, 2015 March 26, 2016 March 28, 2015 (in thousands, except per share amounts) Stock Options $ 193 $ 264 $ (56 ) $ 548 Stock purchase plan $ 60 $ 50 152 197 Restricted stock issued to an employee $ 1 $ 2 2 3 Total share-based compensation $ 254 $ 316 $ 98 $ 748 The above compensation is net of tax benefits $ 283 $ 169 $ 957 $ 261 Income tax benefit related to share-based compensation for the three months ended December 26, 2015 has been revised to $674,000 from $175,000 as a result of our early adoption this quarter of Accounting Standards Update NO. 2016-09, Improvements to Employee Share-Based Payment Accounting. Under this new standard, the $499,000 increase of first quarter income tax benefit was recognized via a reduction of amounts previously recorded as additional paid in capital upon exercise of stock options. In the current fiscal quarter, we have realized a tax benefit of $89,000 upon similar exercises of stock options. The Company anticipates that share-based compensation for 2016 will not exceed $800,000 net of tax benefits. The fair value of each option grant is estimated on the date of grant using the Black-Scholes options-pricing model with the following weighted average assumptions used for grants in fiscal 2016 first six months: expected volatility of 15.9%; risk-free interest rate of 1.2%; dividend rate of 1.4% and expected lives of 5 years. During the 2016 six month period, the Company granted 159,170 stock options. The weighted-average grant date fair value of these options was $13.94. During the 2015 six month period, the Company granted 148,840 stock options. The weighted-average grant date fair value of these options was $15.23. 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	6 Months Ended
	Mar. 26, 2016
Notes to Financial Statements
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 $344,000 and $334,000 on March 26, 2016 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 March 26, 2016 and September 26, 2015, respectively, the Company has $209,000 and $199,000 of accrued interest and penalties.

Note 7

Note 7	6 Months Ended
	Mar. 26, 2016
Notes to Financial Statements
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 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 December quarter did not have a material impact on our consolidated financial statements. 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 December quarter did not impact 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 on our financial statements will be inconsequential. In January 2016, the FASB issued guidance which requires an entity to measure equity investments at fair value with changes in fair value recognized in net income , to use the price that would be received by a seller when measuring the fair value of financial instruments for disclosure purposes, and which eliminates the requirement to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet. Under present guidance, changes in fair value of equity investments are recognized in Stockholder’s Equity. This guidance is effective for our fiscal year ended September 2019. Early adoption is not permitted. We do not anticipate that the adoption of this new guidance will have a material impact on our consolidated financial statements. In February 2016, the FASB issued guidance on lease accounting which requires that an entity recognize most leases on its balance sheet. The guidance retains a dual lease accounting model for purposes of income statement recognition, continuing the distinction between what are currently known as “capital” and “operating” leases for lessees. This guidance is effective for our fiscal year ended September 2020. We anticipate that the impact of this guidance on our financial statements will be material . In March 2016, the FASB issued guidance on share based compensation which requires that an entity recognize all excess tax benefits and tax deficiencies as income tax expense or benefit in the income statement as discrete items in the reporting period in which they occur. Under current guidance, excess tax benefits are recognized in additional paid-in capital and tax deficiencies are recognized either as an offset to accumulated excess tax benefits, or in the income statement. This guidance is effective for our fiscal year ended September 2018. Early adoption is permitted. See Note 5 to these financial statements for a discussion of the impact the adoption of this guidance in our current quarter had on our consolidated financial statements.

Note 8

Note 8	6 Months Ended
	Mar. 26, 2016
Notes to Financial Statements
Inventory Disclosure [Text Block]	Note 8 Inventories consist of the following: March 26, 2016 September 26, 2015 (unaudited) (in thousands) Finished goods $ 46,941 $ 34,258 Raw Materials 20,039 17,000 Packaging materials 7,607 5,949 Equipment parts & other 26,062 25,450 Total Inventories $ 100,649 $ 82,657

Note 9

Note 9	6 Months Ended
	Mar. 26, 2016
Notes to Financial Statements
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 Six months ended March 26, 2016 March 28, 2015 March 26, 2016 March 28, 2015 (unaudited) (in thousands) Sales to External Customers: Food Service Soft pretzels $ 42,834 $ 41,099 $ 81,533 $ 81,817 Frozen juices and ices 10,971 11,072 19,286 19,273 Churros 13,697 14,622 27,633 27,589 Handhelds 7,178 5,044 13,324 10,202 Bakery 70,424 70,791 147,025 145,222 Other 3,619 2,634 6,674 4,720 Total Food Service $ 148,723 $ 145,262 $ 295,475 $ 288,823 Retail Supermarket Soft pretzels $ 9,735 $ 10,829 $ 18,475 $ 20,029 Frozen juices and ices 12,907 13,722 21,971 22,877 Handhelds 3,433 4,569 7,308 9,448 Coupon redemption (511 ) (927 ) (1,085 ) (2,000 ) Other 1,136 340 1,291 566 Total Retail Supermarket $ 26,700 $ 28,533 $ 47,960 $ 50,920 Frozen Beverages Beverages $ 30,544 $ 28,778 $ 58,614 $ 54,288 Repair and maintenance service 16,944 15,723 34,707 31,033 Machines sales 6,237 6,328 14,969 12,075 Other 562 384 835 621 Total Frozen Beverages $ 54,287 $ 51,213 $ 109,125 $ 98,017 Consolidated Sales $ 229,710 $ 225,008 $ 452,560 $ 437,760 Depreciation and Amortization: Food Service $ 5,684 $ 5,325 $ 11,069 $ 10,515 Retail Supermarket 288 250 574 566 Frozen Beverages 4,073 3,866 8,027 7,775 Total Depreciation and Amortization $ 10,045 $ 9,441 $ 19,670 $ 18,856 Operating Income : Food Service $ 18,520 $ 15,649 $ 34,422 $ 31,142 Retail Supermarket 2,469 2,535 3,559 3,201 Frozen Beverages 2,290 3,621 3,658 4,072 Total Operating Income $ 23,279 $ 21,805 $ 41,639 $ 38,415 Capital Expenditures: Food Service $ 5,425 $ 4,617 $ 13,509 $ 10,750 Retail Supermarket 43 $ 39 199 62 Frozen Beverages 4,963 3,603 10,027 7,121 Total Capital Expenditures 10,431 8,259 $ 23,735 $ 17,933 Assets: Food Service $ 545,344 $ 522,080 $ 545,344 $ 522,080 Retail Supermarket 24,432 25,145 24,432 25,145 Frozen Beverages 175,331 162,088 175,331 162,088 Total Assets $ 745,107 $ 709,313 $ 745,107 $ 709,313

Note 10

Note 10	6 Months Ended
	Mar. 26, 2016
Notes to Financial Statements
Intangible Assets Disclosure [Text Block]	Note 10 Our three reporting units, which are also reportable segments, are Food Service, Retail Supermarkets and Frozen Beverages. The carrying amounts of acquired intangible assets for the Food Service, Retail Supermarkets and Frozen Beverage segments as of March 26, 2016 and September 26, 2015 are as follows: March 26, 2016 September 26, 2015 Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization (in thousands) FOOD SERVICE Indefinite lived intangible assets Trade Names $ 13,072 $ - $ 13,072 $ - Amortized intangible assets Non compete agreements 592 551 592 538 Customer relationships 40,797 35,392 40,797 33,584 License and rights 3,606 2,848 3,606 2,802 TOTAL FOOD SERVICE $ 58,067 $ 38,791 $ 58,067 $ 36,924 RETAIL SUPERMARKETS Indefinite lived intangible assets Trade Names $ 7,206 $ - $ 7,206 $ - Amortized Intangible Assets Non compete agreements 160 150 160 114 Customer relationships 7,979 1,621 7,979 1,220 TOTAL RETAIL SUPERMARKETS $ 15,345 $ 1,771 $ 15,345 $ 1,334 FROZEN BEVERAGES Indefinite lived intangible assets Trade Names $ 9,315 $ - $ 9,315 $ - Amortized intangible assets Non compete agreements 198 198 198 198 Customer relationships 6,678 6,393 6,678 6,075 Licenses and rights 1,601 889 1,601 854 TOTAL FROZEN BEVERAGES $ 17,792 $ 7,480 $ 17,792 $ 7,127 CONSOLIDATED $ 91,204 $ 48,042 $ 91,204 $ 45,385 Amortized intangible assets are being amortized by the straight-line method over periods ranging from 3 to 20 years and amortization expense is reflected throughout operating expenses. There were no intangible assets acquired in the three and six months ended March 26, 2016. Aggregate amortization expense of intangible assets for the three months ended March 26, 2016 and March 28, 2015 was $1,328,000 and $1,352,000, respectively and for the six months ended March 26, 2016 and March 28, 2015 was $2,657,000 and $2,707,000, respectively. Estimated amortization expense for the next five fiscal years is approximately $5,100,000 in 2016, $2,600,000 in 2017, $1,800,000 in 2018, $1,700,000 in 2019 and $1,400,000 in 2020. The weighted average amortization period of the intangible assets is 10.0 years. Goodwill The carrying amounts of goodwill for the Food Service, Retail Supermarket and Frozen Beverage segments are as follows: Food Retail Supermarket Frozen Beverages Total (in thousands) Balance at March 26, 2016 $ 46,832 $ 3,670 $ 35,940 $ 86,442 Balance at September 26, 2015 $ 46,832 $ 3,670 $ 35,940 $ 86,442 There was no goodwill acquired in the three and six months ended March 26, 2016.

Note 11

Note 11	6 Months Ended
	Mar. 26, 2016
Notes to Financial Statements
Fair Value Disclosures [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 March 26, 2016 are summarized as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Market Value (in thousands) Corporate Bonds $ 95,689 $ 117 $ 969 $ 94,837 Certificates of Deposit 960 8 - 968 Total investment securities held to maturity $ 96,649 $ 125 $ 969 $ 95,805 The amortized cost, unrealized gains and losses, and fair market values of our investment securities available for sale at March 26, 2016 are summarized as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Market Value (in thousands) Mutual Funds $ 15,091 $ - $ 1,240 $ 13,851 Preferred Stock 20,473 10 748 19,735 Total investment securities available for sale $ 35,564 $ 10 $ 1,988 $ 33,586 The mutual funds seek current income with an emphasis on maintaining low volatility and overall moderate duration. The unrealized losses of $1.2 million are spread over 4 funds with total fair market value of $13.9 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 unrealized losses of $748,000 on the Preferred Stock are spread over 16 holdings with fair market value of $19.7 million. 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 $76 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: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Market 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: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Market 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 March 26, 2016 and September 26, 2015 are summarized as follows: March 26, 2016 September 26, 2015 Amortized Cost Fair Market Value Amortized Cost Fair Market Value (in thousands) Due in one year or less $ - $ - $ - $ - Due after one year through five years 95,565 94,728 63,522 63,010 Due after five years through ten years 1,084 1,077 3,138 3,002 Total held to maturity securities $ 96,649 $ 95,805 $ 66,660 $ 66,012 Less current portion - - - - Long term held to maturity securities $ 96,649 $ 95,805 $ 66,660 $ 66,012 Proceeds from the redemption and sale of marketable securities were $4,186,000 and $5,384,000 in the three and six months ended March 26, 2016 and $2,000,000 and $13, 601,000 in the three and six months ended March 28, 2015, respectively. Losses of $297,000 and $406,000 were recorded in the three and six months ended March 26, 2016 and $0 and $509,000 were recorded in the three and six months ended March 28, 2015, respectively. We use the specific identification method to determine the cost of securities sold.

Note 12

Note 12	6 Months Ended
	Mar. 26, 2016
Notes to Financial Statements
Business Combination Disclosure [Text Block]	Note 12 Changes to the components of accumulated other comprehensive loss are as follows: Three Months Ended March 26, 2016 Six Months Ended March 26, 2016 (unaudited) (unaudited) (in thousands) (in thousands) Foreign Currency Translation Adjustments Unrealized Holding Loss on Marketable Securities Total Foreign Currency Translation Adjustments Unrealized Holding Loss on Marketable Securities Total Beginning Balance $ (10,661 ) $ (1,698 ) $ (12,359 ) $ (10,021 ) $ (876 ) $ (10,897 ) Other comprehensive income (loss) before reclassifications (40 ) (454 ) (494 ) (680 ) (1,346 ) (2,026 ) Amounts reclassified from accumulated other comprehensive income - 174 174 - 244 244 Ending Balance $ (10,701 ) $ (1,978 ) $ (12,679 ) $ (10,701 ) $ (1,978 ) $ (12,679 ) Three Months Ended March 28, 2015 Six Months Ended March 28, 2015 (unaudited) (unaudited) (in thousands) (in thousands) Foreign Currency Translation Adjustments Unrealized Holding Loss on Marketable Securities Total Foreign Currency Translation Adjustments Unrealized Holding Loss on Marketable Securities Total Beginning Balance $ (6,587 ) $ (3,278 ) $ (9,865 ) $ (4,632 ) $ (1,356 ) $ (5,988 ) Other comprehensive income (loss) before reclassifications (914 ) 533 (381 ) (2,869 ) (1,605 ) (4,474 ) Amounts reclassified from accumulated other comprehensive income - - - - 216 216 Ending Balance $ (7,501 ) $ (2,745 ) $ (10,246 ) $ (7,501 ) $ (2,745 ) $ (10,246 )

Note 4 (Tables)

Note 4 (Tables)	6 Months Ended
	Mar. 26, 2016
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended March 26, 2016 Income (Numerator) Shares (Denominator) Per Share Amount (in thousands, except per share amounts) Basic EPS Net Earnings available to common stockholders $ 15,588 18,637 $ 0.84 Effect of Dilutive Securities Options - 115 (0.01 ) Diluted EPS Net Earnings available to common stockholders plus assumed conversions $ 15,588 18,752 $ 0.83 Six Months Ended March 26, 2016 Income (Numerator) Shares (Denominator) Per Share Amount (in thousands, except per share amounts) Basic EPS Net Earnings available to common stockholders $ 28,566 18,662 $ 1.53 Effect of Dilutive Securities Options - 134 (0.01 ) Diluted EPS Net Earnings available to common stockholders plus assumed conversions $ 28,566 18,796 $ 1.52 Three Months Ended March 28,2015 Income (Numerator) Shares (Denominator) Per Share Amount (in thousands, except per share amounts) Basic EPS Net Earnings available to common stockholders $ 14,637 18,689 $ 0.78 Effect of Dilutive Securities Options - 132 - Diluted EPS Net Earnings available to common stockholders plus assumed conversions $ 14,637 18,821 $ 0.78 Six Months Ended March 28, 2015 Income (Numerator) Shares (Denominator) Per Share Amount (in thousands, except per share amounts) Basic EPS Net Earnings available to common stockholders $ 25,893 18,679 $ 1.39 Effect of Dilutive Securities Options - 132 (0.01 ) Diluted EPS Net Earnings available to common stockholders plus assumed conversions $ 25,893 18,811 $ 1.38

Note 5 (Tables)

Note 5 (Tables)	6 Months Ended
	Mar. 26, 2016
Notes Tables
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]	Three months ended Six months ended March 26, 2016 March 28, 2015 March 26, 2016 March 28, 2015 (in thousands, except per share amounts) Stock Options $ 193 $ 264 $ (56 ) $ 548 Stock purchase plan $ 60 $ 50 152 197 Restricted stock issued to an employee $ 1 $ 2 2 3 Total share-based compensation $ 254 $ 316 $ 98 $ 748 The above compensation is net of tax benefits $ 283 $ 169 $ 957 $ 261

Note 8 (Tables)

Note 8 (Tables)	6 Months Ended
	Mar. 26, 2016
Notes Tables
Schedule of Inventory, Current [Table Text Block]	March 26, 2016 September 26, 2015 (unaudited) (in thousands) Finished goods $ 46,941 $ 34,258 Raw Materials 20,039 17,000 Packaging materials 7,607 5,949 Equipment parts & other 26,062 25,450 Total Inventories $ 100,649 $ 82,657

Note 9 (Tables)

Note 9 (Tables)	6 Months Ended
	Mar. 26, 2016
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three months ended Six months ended March 26, 2016 March 28, 2015 March 26, 2016 March 28, 2015 (unaudited) (in thousands) Sales to External Customers: Food Service Soft pretzels $ 42,834 $ 41,099 $ 81,533 $ 81,817 Frozen juices and ices 10,971 11,072 19,286 19,273 Churros 13,697 14,622 27,633 27,589 Handhelds 7,178 5,044 13,324 10,202 Bakery 70,424 70,791 147,025 145,222 Other 3,619 2,634 6,674 4,720 Total Food Service $ 148,723 $ 145,262 $ 295,475 $ 288,823 Retail Supermarket Soft pretzels $ 9,735 $ 10,829 $ 18,475 $ 20,029 Frozen juices and ices 12,907 13,722 21,971 22,877 Handhelds 3,433 4,569 7,308 9,448 Coupon redemption (511 ) (927 ) (1,085 ) (2,000 ) Other 1,136 340 1,291 566 Total Retail Supermarket $ 26,700 $ 28,533 $ 47,960 $ 50,920 Frozen Beverages Beverages $ 30,544 $ 28,778 $ 58,614 $ 54,288 Repair and maintenance service 16,944 15,723 34,707 31,033 Machines sales 6,237 6,328 14,969 12,075 Other 562 384 835 621 Total Frozen Beverages $ 54,287 $ 51,213 $ 109,125 $ 98,017 Consolidated Sales $ 229,710 $ 225,008 $ 452,560 $ 437,760 Depreciation and Amortization: Food Service $ 5,684 $ 5,325 $ 11,069 $ 10,515 Retail Supermarket 288 250 574 566 Frozen Beverages 4,073 3,866 8,027 7,775 Total Depreciation and Amortization $ 10,045 $ 9,441 $ 19,670 $ 18,856 Operating Income : Food Service $ 18,520 $ 15,649 $ 34,422 $ 31,142 Retail Supermarket 2,469 2,535 3,559 3,201 Frozen Beverages 2,290 3,621 3,658 4,072 Total Operating Income $ 23,279 $ 21,805 $ 41,639 $ 38,415 Capital Expenditures: Food Service $ 5,425 $ 4,617 $ 13,509 $ 10,750 Retail Supermarket 43 $ 39 199 62 Frozen Beverages 4,963 3,603 10,027 7,121 Total Capital Expenditures 10,431 8,259 $ 23,735 $ 17,933 Assets: Food Service $ 545,344 $ 522,080 $ 545,344 $ 522,080 Retail Supermarket 24,432 25,145 24,432 25,145 Frozen Beverages 175,331 162,088 175,331 162,088 Total Assets $ 745,107 $ 709,313 $ 745,107 $ 709,313

Note 10 (Tables)

Note 10 (Tables)	6 Months Ended
	Mar. 26, 2016
Notes Tables
Schedule of Acquired Intangible Asset by Major Class [Table Text Block]	March 26, 2016 September 26, 2015 Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization (in thousands) FOOD SERVICE Indefinite lived intangible assets Trade Names $ 13,072 $ - $ 13,072 $ - Amortized intangible assets Non compete agreements 592 551 592 538 Customer relationships 40,797 35,392 40,797 33,584 License and rights 3,606 2,848 3,606 2,802 TOTAL FOOD SERVICE $ 58,067 $ 38,791 $ 58,067 $ 36,924 RETAIL SUPERMARKETS Indefinite lived intangible assets Trade Names $ 7,206 $ - $ 7,206 $ - Amortized Intangible Assets Non compete agreements 160 150 160 114 Customer relationships 7,979 1,621 7,979 1,220 TOTAL RETAIL SUPERMARKETS $ 15,345 $ 1,771 $ 15,345 $ 1,334 FROZEN BEVERAGES Indefinite lived intangible assets Trade Names $ 9,315 $ - $ 9,315 $ - Amortized intangible assets Non compete agreements 198 198 198 198 Customer relationships 6,678 6,393 6,678 6,075 Licenses and rights 1,601 889 1,601 854 TOTAL FROZEN BEVERAGES $ 17,792 $ 7,480 $ 17,792 $ 7,127 CONSOLIDATED $ 91,204 $ 48,042 $ 91,204 $ 45,385
Schedule of Goodwill [Table Text Block]	Food Retail Supermarket Frozen Beverages Total (in thousands) Balance at March 26, 2016 $ 46,832 $ 3,670 $ 35,940 $ 86,442 Balance at September 26, 2015 $ 46,832 $ 3,670 $ 35,940 $ 86,442

Note 11 (Tables)

Note 11 (Tables)	6 Months Ended
	Mar. 26, 2016
Notes Tables
Unrealized Gain (Loss) on Investments [Table Text Block]	Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Market Value (in thousands) Corporate Bonds $ 95,689 $ 117 $ 969 $ 94,837 Certificates of Deposit 960 8 - 968 Total investment securities held to maturity $ 96,649 $ 125 $ 969 $ 95,805 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Market Value (in thousands) Mutual Funds $ 15,091 $ - $ 1,240 $ 13,851 Preferred Stock 20,473 10 748 19,735 Total investment securities available for sale $ 35,564 $ 10 $ 1,988 $ 33,586 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Market Value (in thousands) Corporate Bonds $ 66,660 $ 15 $ 663 $ 66,012 Total investment securities held to maturity $ 66,660 $ 15 $ 663 $ 66,012 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Market 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]	March 26, 2016 September 26, 2015 Amortized Cost Fair Market Value Amortized Cost Fair Market Value (in thousands) Due in one year or less $ - $ - $ - $ - Due after one year through five years 95,565 94,728 63,522 63,010 Due after five years through ten years 1,084 1,077 3,138 3,002 Total held to maturity securities $ 96,649 $ 95,805 $ 66,660 $ 66,012 Less current portion - - - - Long term held to maturity securities $ 96,649 $ 95,805 $ 66,660 $ 66,012

Note 12 (Tables)

Note 12 (Tables)	6 Months Ended
	Mar. 26, 2016
Notes Tables
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Three Months Ended March 26, 2016 Six Months Ended March 26, 2016 (unaudited) (unaudited) (in thousands) (in thousands) Foreign Currency Translation Adjustments Unrealized Holding Loss on Marketable Securities Total Foreign Currency Translation Adjustments Unrealized Holding Loss on Marketable Securities Total Beginning Balance $ (10,661 ) $ (1,698 ) $ (12,359 ) $ (10,021 ) $ (876 ) $ (10,897 ) Other comprehensive income (loss) before reclassifications (40 ) (454 ) (494 ) (680 ) (1,346 ) (2,026 ) Amounts reclassified from accumulated other comprehensive income - 174 174 - 244 244 Ending Balance $ (10,701 ) $ (1,978 ) $ (12,679 ) $ (10,701 ) $ (1,978 ) $ (12,679 ) Three Months Ended March 28, 2015 Six Months Ended March 28, 2015 (unaudited) (unaudited) (in thousands) (in thousands) Foreign Currency Translation Adjustments Unrealized Holding Loss on Marketable Securities Total Foreign Currency Translation Adjustments Unrealized Holding Loss on Marketable Securities Total Beginning Balance $ (6,587 ) $ (3,278 ) $ (9,865 ) $ (4,632 ) $ (1,356 ) $ (5,988 ) Other comprehensive income (loss) before reclassifications (914 ) 533 (381 ) (2,869 ) (1,605 ) (4,474 ) Amounts reclassified from accumulated other comprehensive income - - - - 216 216 Ending Balance $ (7,501 ) $ (2,745 ) $ (10,246 ) $ (7,501 ) $ (2,745 ) $ (10,246 )

Note 2 (Details Textual)

Note 2 (Details Textual) - USD ($)	Mar. 26, 2016	Sep. 26, 2015
Allowance for Doubtful Accounts Receivable	$ 535,000	$ 304,000

Note 3 (Details Textual)

Note 3 (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Mar. 26, 2016	Mar. 28, 2015	Mar. 26, 2016	Mar. 28, 2015
Minimum [Member]
Finite-Lived Intangible Asset, Useful Life			3 years
Maximum [Member]
Finite-Lived Intangible Asset, Useful Life			20 years
Depreciation	$ 8,591,000	$ 8,006,000	$ 16,761,000	$ 15,987,000

Note 4 (Details Textual)

Note 4 (Details Textual) - shares	3 Months Ended	6 Months Ended
	Mar. 26, 2016	Mar. 26, 2016
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	180,670	180,670

Note 4 - Calculation of EPS (De

Note 4 - Calculation of EPS (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 26, 2016	Mar. 28, 2015	Mar. 26, 2016	Mar. 28, 2015
Net Earnings available to common stockholders	$ 15,588	$ 14,637	$ 28,566	$ 25,893
Weighted average number of shares outstanding, basic (in shares)	18,637	18,689	18,662	18,679
Earnings per share, basic (in dollars per share)	$ 0.84	$ 0.78	$ 1.53	$ 1.39
Options
Options (in shares)	115	132	134	132
Options (in dollars per share)	$ (0.01)		$ (0.01)	$ (0.01)
Net Earnings available to common stockholders plus assumed conversions	$ 15,588	$ 14,637	$ 28,566	$ 25,893
Weighted average number of shares outstanding, diluted (in shares)	18,752	18,821	18,796	18,811
Earnings per diluted share (in dollars per share)	$ 0.83	$ 0.78	$ 1.52	$ 1.38

Note 5 (Details Textual)

Note 5 (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Mar. 26, 2016	Dec. 26, 2015	Mar. 26, 2016	Mar. 28, 2015
Scenario, Previously Reported [Member]
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense		$ 175,000
Early Adoption of ASU 2016-09 [Member] | Employee Stock Option [Member] | First Quarter of Fiscal Year 2016 [Member]
Prior Period Reclassification Adjustment		499,000
Employee Stock Option [Member]
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense	$ 89,000
Five Year Options [Member]
Share Based Compensation Arrangement by Share Based Payment Award Fair Value Assumptions Volatility Calculation Term			4 years 30 days
Ten Year Options [Member]
Share Based Compensation Arrangement by Share Based Payment Award Fair Value Assumptions Volatility Calculation Term			10 years
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense		$ 674,000
Anticipated ShareBased Compensation Net Of Tax Benefits			$ 800,000
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate			15.90%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate			1.20%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate			1.40%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term			5 years
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			159,170	148,840
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value			$ 13.94	$ 15.23

Note 5 - Share-based Compensati

Note 5 - Share-based Compensation (Details) - USD ($)	3 Months Ended		6 Months Ended
	Mar. 26, 2016	Mar. 28, 2015	Mar. 26, 2016	Mar. 28, 2015
Employee Stock Option [Member]
Share-based compensation expense	$ 193	$ 264	$ (56)	$ 548
Stock Purchase Plan [Member]
Share-based compensation expense	60	50	152	197
Restricted Stock [Member]
Share-based compensation expense	1	2	2	3
Share-based compensation expense	254	316	98	748
The above compensation is net of tax benefits	$ 283,000	$ 169,000	$ 957,000	$ 261,000

Note 6 (Details Textual)

Note 6 (Details Textual) - USD ($)	Mar. 26, 2016	Sep. 26, 2015
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	$ 344,000	$ 334,000
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	$ 209,000	$ 199,000

Note 8 - Inventories (Current P

Note 8 - Inventories (Current Period Unaudited) (Details) - USD ($) $ in Thousands	Mar. 26, 2016	Sep. 26, 2015
Finished goods	$ 46,941	$ 34,258
Raw Materials	20,039	17,000
Packaging materials	7,607	5,949
Equipment parts & other	26,062	25,450
Total Inventories	$ 100,649	$ 82,657

Note 9 (Details Textual)

Note 9 (Details Textual)	6 Months Ended
	Mar. 26, 2016
Number of Operating Segments	3
Number of Reportable Segments	3

Note 9 - Reportable Segments Op

Note 9 - Reportable Segments Operations Information (Unaudited) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 26, 2016	Mar. 28, 2015	Mar. 26, 2016	Mar. 28, 2015	Sep. 26, 2015
Food Service [Member] | Soft Pretzels [Member]
Sales to External Customers	$ 42,834	$ 41,099	$ 81,533	$ 81,817
Food Service [Member] | Frozen Juices and Ices [Member]
Sales to External Customers	10,971	11,072	19,286	19,273
Food Service [Member] | Churros [Member]
Sales to External Customers	13,697	14,622	27,633	27,589
Food Service [Member] | Handhelds [Member]
Sales to External Customers	7,178	5,044	13,324	10,202
Food Service [Member] | Bakery [Member]
Sales to External Customers	70,424	70,791	147,025	145,222
Food Service [Member] | Other Products [Member]
Sales to External Customers	3,619	2,634	6,674	4,720
Food Service [Member]
Sales to External Customers	148,723	145,262	295,475	288,823
Depreciation and Amortization	(5,684)	(5,325)	(11,069)	(10,515)
Operating Income	18,520	15,649	34,422	31,142
Capital Expenditures	5,425	4,617	13,509	10,750
Assets	545,344	522,080	545,344	522,080
Retail Supermarket [Member] | Soft Pretzels [Member]
Sales to External Customers	9,735	10,829	18,475	20,029
Retail Supermarket [Member] | Frozen Juices and Ices [Member]
Sales to External Customers	12,907	13,722	21,971	22,877
Retail Supermarket [Member] | Handhelds [Member]
Sales to External Customers	3,433	4,569	7,308	9,448
Retail Supermarket [Member] | Other Products [Member]
Sales to External Customers	1,136	340	1,291	566
Retail Supermarket [Member] | Coupon Redemtion [Member]
Sales to External Customers	(511)	(927)	(1,085)	(2,000)
Retail Supermarket [Member]
Sales to External Customers	26,700	28,533	47,960	50,920
Depreciation and Amortization	(288)	(250)	(574)	(566)
Operating Income	2,469	2,535	3,559	3,201
Capital Expenditures	43	39	199	62
Assets	24,432	25,145	24,432	25,145
Frozen Beverages [Member] | Other Products [Member]
Sales to External Customers	562	384	835	621
Frozen Beverages [Member] | Beverage [Member]
Sales to External Customers	30,544	28,778	58,614	54,288
Frozen Beverages [Member] | Repair and Maintenance Service [Member]
Sales to External Customers	16,944	15,723	34,707	31,033
Frozen Beverages [Member] | Machine Sales [Member]
Sales to External Customers	6,237	6,328	14,969	12,075
Frozen Beverages [Member]
Sales to External Customers	54,287	51,213	109,125	98,017
Depreciation and Amortization	(4,073)	(3,866)	(8,027)	(7,775)
Operating Income	2,290	3,621	3,658	4,072
Capital Expenditures	4,963	3,603	10,027	7,121
Assets	175,331	162,088	175,331	162,088
Sales to External Customers	229,710	225,008	452,560	437,760
Depreciation and Amortization	(10,045)	(9,441)	(19,670)	(18,856)
Operating Income	23,279	21,805	41,639	38,415
Capital Expenditures	10,431	8,259	23,735	17,933
Assets	$ 745,107	$ 709,313	$ 745,107	$ 709,313	$ 742,935

Note 10 (Details Textual)

Note 10 (Details Textual)	3 Months Ended		6 Months Ended
	Mar. 26, 2016USD ($)	Mar. 28, 2015USD ($)	Mar. 26, 2016USD ($)	Mar. 28, 2015USD ($)
Minimum [Member]
Finite-Lived Intangible Asset, Useful Life			3 years
Maximum [Member]
Finite-Lived Intangible Asset, Useful Life			20 years
Number of Reportable Segments			3
Amortization of Intangible Assets	$ 1,328,000	$ 1,352,000	$ 2,657,000	$ 2,707,000
Finite-Lived Intangible Assets, Amortization Expense, Remainder of Fiscal Year	5,100,000		5,100,000
Finite-Lived Intangible Assets, Amortization Expense, Year Two	2,600,000		2,600,000
Finite-Lived Intangible Assets, Amortization Expense, Year Three	1,800,000		1,800,000
Finite-Lived Intangible Assets, Amortization Expense, Year Four	1,700,000		1,700,000
Finite-Lived Intangible Assets, Amortization Expense, Year Five	1,400,000		$ 1,400,000
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life			10 years
Goodwill, Acquired During Period	$ 0		$ 0

Note 10 - Intangible Assets by

Note 10 - Intangible Assets by Reporting Segment (Details) - USD ($) $ in Thousands	Mar. 26, 2016	Sep. 26, 2015
Food Service [Member] | Trade Names [Member]
Gross Carrying Amount	$ 13,072	$ 13,072
Food Service [Member] | Noncompete Agreements [Member]
Gross Carrying Amount	592	592
Accumulated Amortization	551	538
Food Service [Member] | Customer Relationships [Member]
Gross Carrying Amount	40,797	40,797
Accumulated Amortization	35,392	33,584
Food Service [Member] | License and Rights [Member]
Gross Carrying Amount	3,606	3,606
Accumulated Amortization	2,848	2,802
Food Service [Member]
Accumulated Amortization	38,791	36,924
Gross Carrying Amount	58,067	58,067
Retail Supermarket [Member] | Trade Names [Member]
Gross Carrying Amount	7,206	7,206
Retail Supermarket [Member] | Noncompete Agreements [Member]
Gross Carrying Amount	160	160
Accumulated Amortization	150	114
Retail Supermarket [Member] | Customer Relationships [Member]
Gross Carrying Amount	7,979	7,979
Accumulated Amortization	1,621	1,220
Retail Supermarket [Member]
Accumulated Amortization	1,771	1,334
Gross Carrying Amount	15,345	15,345
Frozen Beverages [Member] | Trade Names [Member]
Gross Carrying Amount	9,315	9,315
Frozen Beverages [Member] | Noncompete Agreements [Member]
Gross Carrying Amount	198	198
Accumulated Amortization	198	198
Frozen Beverages [Member] | Customer Relationships [Member]
Gross Carrying Amount	6,678	6,678
Accumulated Amortization	6,393	6,075
Frozen Beverages [Member] | License and Rights [Member]
Gross Carrying Amount	1,601	1,601
Accumulated Amortization	889	854
Frozen Beverages [Member]
Accumulated Amortization	7,480	7,127
Gross Carrying Amount	17,792	17,792
Accumulated Amortization	48,042	45,385
Gross Carrying Amount	$ 91,204	$ 91,204

Note 10 - Goodwill by Reporting

Note 10 - Goodwill by Reporting Segment (Details) - USD ($) $ in Thousands	Mar. 26, 2016	Sep. 26, 2015
Food Service [Member]
Balance	$ 46,832	$ 46,832
Retail Supermarket [Member]
Balance	3,670	3,670
Frozen Beverages [Member]
Balance	35,940	35,940
Balance	$ 86,442	$ 86,442

Note 11 (Details Textual)

Note 11 (Details Textual)	3 Months Ended		6 Months Ended
	Mar. 26, 2016USD ($)	Mar. 28, 2015USD ($)	Mar. 26, 2016USD ($)	Mar. 28, 2015USD ($)	Sep. 26, 2015USD ($)
Four Mutual Funds [Member]
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	$ 1,200,000		$ 1,200,000
Number of Funds			4
Marketable Securities	13,900,000		$ 13,900,000
Preferred Stock [Member]
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	748,000		748,000		$ 163,000
Marketable Securities	19,700,000		$ 19,700,000
Number of Holdings			16
Classification of Noncurrent Asset, Fixed-to-Floating Perpetual Preferred Stock			1 year
Mutual Funds [Member]
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	1,240,000		$ 1,240,000		827,000
Classification Of Noncurrent Asset, Mutual Funds, Period			1 year
Corporate Bond Securities [Member]
Held-to-maturity Securities	76,000,000		$ 76,000,000
Investment Securities Maturity Term			3 years
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	1,988,000		$ 1,988,000		990,000
Held-to-maturity Securities	96,649,000		96,649,000		$ 66,660,000
Proceeds from Sale and Maturity of Marketable Securities	4,186,000	$ 2,000,000	5,384,000	$ 13,601,000
Marketable Securities, Gain (Loss)	$ 297,000	$ 0	$ 406,000	$ (509,000)

Note 11 - Summary of Securities

Note 11 - Summary of Securities (Details) - USD ($)	Mar. 26, 2016	Sep. 26, 2015
Corporate Bond Securities [Member]
Held to Maturity - Amortized Cost	$ 95,689,000	$ 66,660,000
Held to Maturity - Gross Unrealized Gains	117,000	15,000
Held to Maturity - Gross Unrealized Losses	969,000	663,000
Held to Maturity - Fair Market Value	94,837,000	66,012,000
Mutual Funds [Member]
Available for Sale - Amortized Cost	$ 15,091,000	$ 20,041,000
Available for Sale - Gross Unrealized Gains
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	$ 1,240,000	$ 827,000
Available for Sale - Fair Market Value	13,851,000	19,214,000
Certificates of Deposit [Member]
Held to Maturity - Amortized Cost	960,000
Held to Maturity - Gross Unrealized Gains	$ 8,000
Held to Maturity - Gross Unrealized Losses
Held to Maturity - Fair Market Value	$ 968,000
Preferred Stock [Member]
Available for Sale - Amortized Cost	20,473,000	20,473,000
Available for Sale - Gross Unrealized Gains	10,000	114,000
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	748,000	163,000
Available for Sale - Fair Market Value	19,735,000	20,424,000
Held to Maturity - Amortized Cost	96,649,000	66,660,000
Held to Maturity - Gross Unrealized Gains	125,000	15,000
Held to Maturity - Gross Unrealized Losses	969,000	663,000
Held to Maturity - Fair Market Value	95,805,000	66,012,000
Available for Sale - Amortized Cost	35,564,000	40,514,000
Available for Sale - Gross Unrealized Gains	10,000	114,000
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	1,988,000	990,000
Available for Sale - Fair Market Value	$ 33,586,000	$ 39,638,000

Note 11 - Held to Maturity by C

Note 11 - Held to Maturity by Contractual Maturity (Details) - USD ($) $ in Thousands	Mar. 26, 2016	Sep. 26, 2015
Due after one year through five years	$ 95,565	$ 63,522
Fair Market Value, Due after one year through five years	94,728	63,010
Due after five years through ten years	1,084	3,138
Due after five years through ten years	1,077	3,002
Held-to-maturity Securities	96,649	66,660
Held to Maturity - Fair Market Value	95,805	66,012
Long term held to maturity securities	96,649	66,660
Long term held to maturity securities	$ 95,805	$ 66,012

Note 12 - Changes to the Compon

Note 12 - Changes to the Components of Other Comprehensive Loss (Unaudited) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 26, 2016	Mar. 28, 2015	Mar. 26, 2016	Mar. 28, 2015
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Beginning balance	$ (10,661)	$ (6,587)	$ (10,021)	$ (4,632)
Other comprehensive income (loss) before reclassifications	$ (40)	$ (914)	$ (680)	$ (2,869)
Amounts reclassified from accumulated other comprehensive income
Ending balance	$ (10,701)	$ (7,501)	$ (10,701)	$ (7,501)
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member]
Beginning balance	(1,698)	(3,278)	(876)	(1,356)
Other comprehensive income (loss) before reclassifications	(454)	$ 533	(1,346)	(1,605)
Amounts reclassified from accumulated other comprehensive income	174		244	216
Ending balance	(1,978)	$ (2,745)	(1,978)	(2,745)
Beginning balance	(12,359)	(9,865)	(10,897)	(5,988)
Other comprehensive income (loss) before reclassifications	(494)	$ (381)	(2,026)	(4,474)
Amounts reclassified from accumulated other comprehensive income	174		244	216
Ending balance	$ (12,679)	$ (10,246)	$ (12,679)	$ (10,246)