J&J Snack Foods (JJSF) 10-Q 27 Jul 17 2017 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Jun. 24, 2017	Jul. 20, 2017
Document Information [Line Items]
Entity Registrant Name	J&J SNACK FOODS CORP
Entity Central Index Key	785,956
Trading Symbol	jjsf
Current Fiscal Year End Date	--09-30
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)		18,738,633
Document Type	10-Q
Document Period End Date	Jun. 24, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
Amendment Flag	false

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Jun. 24, 2017	Sep. 24, 2016
Current assets
Cash and cash equivalents	$ 92,614	$ 140,652
Marketable securities held to maturity	50,857	13,539
Accounts receivable, net	126,236	98,325
Inventories	107,179	88,684
Prepaid expenses and other	8,202	13,904
Total current assets	385,088	355,104
Property, plant and equipment, at cost
Land	2,482	2,512
Buildings	26,741	26,741
Plant machinery and equipment	246,410	227,614
Marketing equipment	274,380	278,299
Transportation equipment	8,403	7,637
Office equipment	24,644	22,136
Improvements	37,510	34,750
Construction in progress	17,535	5,356
Total Property, plant and equipment, at cost	638,105	605,045
Less accumulated depreciation and amortization	418,912	420,832
Property, plant and equipment, net	219,193	184,213
Other assets
Goodwill	101,853	86,442
Other intangible assets, net	61,579	41,819
Marketable securities held to maturity	65,113	90,732
Marketable securities available for sale	30,164	29,465
Other	2,794	2,712
Total other assets	261,503	251,170
Total Assets	865,784	790,487
Current Liabilities
Current obligations under capital leases	345	365
Accounts payable	81,285	62,026
Accrued insurance liability	9,848	10,119
Income taxes payable	5,913
Accrued liabilities	7,434	6,161
Accrued compensation expense	15,631	16,340
Dividends payable	7,866	7,280
Total current liabilities	128,322	102,291
Long-term obligations under capital leases	982	1,235
Deferred income taxes	58,641	48,186
Other long-term liabilities	2,393	801
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 18,729,000 and 18,668,000 respectively	28,966	25,332
Accumulated other comprehensive loss	(10,831)	(13,415)
Retained Earnings	657,311	626,057
Total stockholders' equity	675,446	637,974
Total Liabilities and Stockholders' Equity	$ 865,784	$ 790,487

Consolidated Balance Sheets (C3

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Jun. 24, 2017	Sep. 24, 2016
Preferred stock, par value (in dollars per share)	$ 1	$ 1
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, 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)	18,729,000	18,668,000
Common stock, shares outstanding (in shares)	18,729,000	18,668,000

Consolidated Statements of Earn

Consolidated Statements of Earnings (Unaudited) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		9 Months Ended
		Jun. 24, 2017	Jun. 25, 2016	Jun. 24, 2017	Jun. 25, 2016
Net Sales		$ 295,415	$ 277,981	$ 767,498	$ 730,541
Cost of goods sold	[1]	200,651	185,895	534,022	505,871
Gross Profit		94,764	92,086	233,476	224,670
Operating expenses
Marketing	[2]	25,571	23,721	67,435	63,714
Distribution	[3]	21,865	19,006	58,537	54,784
Administrative	[4]	9,588	8,530	26,404	23,857
Other general expense		(60)	392	(138)	239
Total operating expenses		56,964	51,649	152,238	142,594
Operating Income		37,800	40,437	81,238	82,076
Other income (expense)
Investment income		1,422	981	3,824	3,118
Interest expense & other		(80)	(31)	(651)	(94)
Earnings before income taxes		39,142	41,387	84,411	85,100
Income taxes		13,838	14,596	29,580	29,743
NET EARNINGS		$ 25,304	$ 26,791	$ 54,831	$ 55,357
Earnings per diluted share (in dollars per share)		$ 1.34	$ 1.43	$ 2.91	$ 2.95
Weighted average number of diluted shares (in shares)		18,846	18,705	18,818	18,765
Earnings per basic share (in dollars per share)		$ 1.35	$ 1.44	$ 2.93	$ 2.97
Weighted average number of basic shares (in shares)		18,727	18,615	18,708	18,646
[1]	Includes share-based compensation expense of $192 and $529 for the three months and nine months ended June 24, 2017, respectively and $174 and $445 for the three months and nine months ended June 25, 2016.
[2]	Includes share-based compensation expense of $277 and $763 for the three months and nine months ended June 24,2017, respectively and $264 and $673 for the three months and nine months ended June 25, 2016.
[3]	Includes share-based compensation expense of $19 and $52 for the three months and nine months ended June 24, 2017, respectively and $13 and $35 for the three months and nine months ended June 25, 2016.
[4]	Includes share-based compensation expense of $323 and $896 for the three months and nine months ended June 24, 2017, respectively and $228 and $581 for the three months and nine months ended June 25, 2016.

Consolidated Statements of Ear5

Consolidated Statements of Earnings (Unaudited) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 24, 2017	Jun. 25, 2016	Jun. 24, 2017	Jun. 25, 2016
Cost of Sales [Member]
Share-based compensation expense	$ 192	$ 174	$ 529	$ 445
Selling and Marketing Expense [Member]
Share-based compensation expense	277	264	763	673
Distribution [Member]
Share-based compensation expense	19	13	52	35
General and Administrative Expense [Member]
Share-based compensation expense	$ 323	$ 228	$ 896	$ 581

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 24, 2017	Jun. 25, 2016	Jun. 24, 2017	Jun. 25, 2016
Net Earnings	$ 25,304	$ 26,791	$ 54,831	$ 55,357
Foreign currency translation adjustments	1,095	(1,387)	1,885	(2,067)
Unrealized holding gain (loss) on marketable securities	204	640	699	(462)
Total Other Comprehensive Income (loss)	1,299	(747)	2,584	(2,529)
Comprehensive Income	$ 26,603	$ 26,044	$ 57,415	$ 52,828

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Jun. 24, 2017	Jun. 25, 2016
Operating activities:
Net earnings	$ 54,831,000	$ 55,357,000
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation of property, plant and equipment	28,060,000	25,526,000
Amortization of intangibles and deferred costs	3,336,000	4,304,000
Share-based compensation	2,240,000	1,735,000
Deferred income taxes	(347,000)	(172,000)
(Gain)loss on sale and redemption of marketable securities	(13,000)	582,000
Other	712,000	493,000
Changes in assets and liabilities net of effects from purchase of companies
Increase in accounts receivable	(23,385,000)	(11,984,000)
Increase in inventories	(12,154,000)	(12,478,000)
Decrease in prepaid expenses	10,035,000	1,419,000
Increase in accounts payable and accrued liabilities	20,023,000	6,566,000
Net cash provided by operating activities	83,338,000	71,348,000
Investing activities:
Payment for purchases of companies, net of cash acquired	(42,058,000)
Purchases of property, plant and equipment	(57,151,000)	(37,221,000)
Purchases of marketable securities	(27,269,000)	(41,786,000)
Proceeds from redemption and sales of marketable securities	14,681,000	11,008,000
Proceeds from disposal of property, plant and equipment	1,385,000	1,578,000
Other	(404,000)	308,000
Net cash used in investing activities	(110,816,000)	(66,113,000)
Financing activities:
Payments to repurchase common stock	(3,374,000)	(15,265,000)
Proceeds from issuance of stock	4,745,000	3,634,000
Payments on capitalized lease obligations	(273,000)	(265,000)
Payment of cash dividend	(22,992,000)	(21,267,000)
Net cash used in financing activities	(21,894,000)	(33,163,000)
Effect of exchange rate on cash and cash equivalents	1,334,000	(1,440,000)
Net decrease in cash and cash equivalents	(48,038,000)	(29,368,000)
Cash and cash equivalents at beginning of period	140,652,000	133,689,000
Cash and cash equivalents at end of period	$ 92,614,000	$ 104,321,000

Note 1

Note 1	9 Months Ended
	Jun. 24, 2017
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	Note 1 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 10 01 X. not no 10 September 24, 2016 . 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. The results of operations for the three nine June 24, 2017 June 25, 2016 not third fourth While we believe that the disclosures presented are adequate to make the information not 10 September 24, 2016.

Note 2

Note 2	9 Months Ended
	Jun. 24, 2017
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 $421,000 $571,000 June 24, 2017 September 24, 2016,

Note 3

Note 3	9 Months Ended
	Jun. 24, 2017
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 20 $9,629,000 $8,765,000 three June 24, 2017 June 25, 2016, nine June 24, 2017 June 25, 2016 $28,060,000 $25,526,000,

Note 4

Note 4	9 Months Ended
	Jun. 24, 2017
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 June 24, 2017 Income Shares Per Share (Numerator) (Denominator) Amount (in thousands, except per share amounts) Basic EPS Net Earnings available to common stockholders $ 25,304 18,727 $ 1.35 Effect of Dilutive Securities Options - 119 (0.01 ) Diluted EPS Net Earnings available to common stockholders plus assumed conversions $ 25,304 18,846 $ 1.34 500 the three June 24, 2017 . Nine Months Ended June 24, 2017 Income Shares Per Share (Numerator) (Denominator) Amount (in thousands, except per share amounts) Basic EPS Net Earnings available to common stockholders $ 54,831 18,708 $ 2.93 Effect of Dilutive Securities Options - 110 (0.02 ) Diluted EPS Net Earnings available to common stockholders plus assumed conversions $ 54,831 18,818 $ 2.91 158,494 nine June 24, 2017 . Three Months Ended June 25, 2016 Income Shares Per Share (Numerator) (Denominator) Amount (in thousands, except per share amounts) Basic EPS Net Earnings available to common stockholders $ 26,791 18,615 $ 1.44 Effect of Dilutive Securities Options - 90 (0.01 ) Diluted EPS Net Earnings available to common stockholders plus assumed conversions $ 26,791 18,705 $ 1.43 189,170 three June 25, 2016. Nine Months Ended June 25, 2016 Income Shares Per Share (Numerator) (Denominator) Amount (in thousands, except per share amounts) Basic EPS Net Earnings available to common stockholders $ 55,357 18,646 $ 2.97 Effect of Dilutive Securities Options - 119 (0.02 ) Diluted EPS Net Earnings available to common stockholders plus assumed conversions $ 55,357 18,765 $ 2.95 189,670 nine June 25, 2016.

Note 5

Note 5	9 Months Ended
	Jun. 24, 2017
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	Note 5 At June 24, 2017, three Three months ended Nine months ended June 24, June 25, June 24, June 25, 2017 2016 2017 2016 (in thousands, except per share amounts) Stock Options $ (20 ) $ 112 $ (165 ) $ 56 Stock purchase plan 65 96 300 248 Stock issued to an outside director 14 - 42 - Restricted stock issued to an employee 1 1 3 3 Total share-based compensation $ 60 $ 209 $ 180 $ 307 The above compensation is net of tax benefits $ 751 $ 470 $ 2,060 $ 1,427 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 2017 first nine 15.8%; 2.0%; 1.3% 5 During the 2017 nine 159,294 $18.85. 2016 nine 159,170 $13.94. Expected volatility is based on the historical volatility of the price of our common shares over the past 51 5 10 10

Note 6

Note 6	9 Months Ended
	Jun. 24, 2017
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 We have not The total amount of gross unrecognized tax benefits is $369,000 $354,000 June 24, 2017 September 24, 2016, June 24, 2017 September 24, 2016, $234,000 $219,000 three four

Note 7

Note 7	9 Months Ended
	Jun. 24, 2017
Notes to Financial Statements
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	Note 7 In May 2014 five Our analysis to date has focused on the identification of the contracts in place, including the related accounting policies and practices to identify potential differences that would result from applying the requirements under the new standard. Based on the assessment to date, we do not We plan to adopt this guidance on the first 2019 not 2019 In January 2016, September 2019. not not In February 2016, September 2020. . In January 2017, first not not September 2019 not March 2017 no In January 2017, two zero two September 2021 January 1, 2017. not

Note 8

Note 8	9 Months Ended
	Jun. 24, 2017
Notes to Financial Statements
Inventory Disclosure [Text Block]	Note 8 Inventories consist of the following: June 24, September 24, 2017 2016 (unaudited) (in thousands) Finished goods $ 47,504 $ 38,285 Raw Materials 24,635 18,223 Packaging materials 8,829 6,799 Equipment parts & other 26,211 25,377 Total Inventories $ 107,179 $ 88,684

Note 9

Note 9	9 Months Ended
	Jun. 24, 2017
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 Our three 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 Three months ended Nine months ended June 24, June 25, June 24, June 25, 2017 2016 2017 2016 (unaudited) (in thousands) Sales to External Customers: Food Service Soft pretzels $ 45,069 $ 44,410 $ 129,556 $ 125,943 Frozen juices and ices 16,281 18,564 33,453 37,850 Churros 17,536 15,819 46,693 43,452 Handhelds 8,574 7,047 24,155 20,371 Bakery 89,712 74,475 248,795 221,500 Other 5,938 8,833 14,833 15,507 Total Food Service $ 183,110 $ 169,148 $ 497,485 $ 464,623 Retail Supermarket Soft pretzels $ 7,496 $ 7,136 $ 25,626 $ 25,611 Frozen juices and ices 27,317 26,038 50,359 48,009 Handhelds 3,548 3,813 10,374 11,121 Coupon redemption (1,092 ) (826 ) (3,246 ) (1,911 ) Other 873 852 2,260 2,143 Total Retail Supermarket $ 38,142 $ 37,013 $ 85,373 $ 84,973 Frozen Beverages Beverages $ 48,714 $ 44,352 $ 108,812 $ 102,966 Repair and maintenance service 18,549 18,398 54,327 53,105 Machines sales 6,496 8,942 20,547 23,911 Other 404 128 954 963 Total Frozen Beverages $ 74,163 $ 71,820 $ 184,640 $ 180,945 Consolidated Sales $ 295,415 $ 277,981 $ 767,498 $ 730,541 Depreciation and Amortization: Food Service $ 6,028 $ 5,777 $ 18,155 $ 16,846 Retail Supermarket 221 288 859 862 Frozen Beverages 4,437 4,095 12,382 12,122 Total Depreciation and Amortization $ 10,686 $ 10,160 $ 31,396 $ 29,830 Operating Income: Food Service $ 22,005 $ 24,619 $ 58,695 $ 59,041 Retail Supermarket 4,890 4,266 8,390 7,825 Frozen Beverages 10,905 11,552 14,153 15,210 Total Operating Income $ 37,800 $ 40,437 $ 81,238 $ 82,076 Capital Expenditures: Food Service $ 16,923 $ 5,961 $ 35,536 $ 19,470 Retail Supermarket 15 140 228 339 Frozen Beverages 7,230 7,385 21,387 17,412 Total Capital Expenditures $ 24,168 $ 13,486 $ 57,151 $ 37,221 Assets: Food Service $ 631,131 $ 563,571 $ 631,131 $ 563,571 Retail Supermarket 25,212 26,110 25,212 26,110 Frozen Beverages 209,441 181,552 209,441 181,552 Total Assets $ 865,784 $ 771,233 $ 865,784 $ 771,233

Note 10

Note 10	9 Months Ended
	Jun. 24, 2017
Notes to Financial Statements
Intangible Assets Disclosure [Text Block]	Note 10 Our three The carrying amounts of acquired intangible assets for the Food Service, Retail Supermarkets and Frozen Beverage segments as of June 24, 2017 September 24, 2016 June 24, 2017 September 24, 2016 Gross Gross Carrying Accumulated Carrying Accumulated Amount Amortization Amount Amortization (in thousands) FOOD SERVICE Indefinite lived intangible assets Trade Names $ 16,240 $ - $ 14,150 $ - Amortized intangible assets Non compete agreements 792 192 122 93 Customer relationships 48,491 33,923 35,491 31,895 License and rights 1,690 1,037 1,690 974 TOTAL FOOD SERVICE $ 67,213 $ 35,152 $ 51,453 $ 32,962 RETAIL SUPERMARKETS Indefinite lived intangible assets Trade Names $ 6,557 $ - $ 7,206 $ - Amortized Intangible Assets Trade Names 649 97 - - Customer relationships 7,979 2,622 7,979 2,021 TOTAL RETAIL SUPERMARKETS $ 15,185 $ 2,719 $ 15,185 $ 2,021 FROZEN BEVERAGES Indefinite lived intangible assets Trade Names $ 9,315 $ - $ 9,315 $ - Distribution rights 6,900 - - - Amortized intangible assets Customer relationships 257 44 200 28 Licenses and rights 1,400 776 1,400 723 TOTAL FROZEN BEVERAGES $ 17,872 $ 820 $ 10,915 $ 751 CONSOLIDATED $ 100,270 $ 38,691 $ 77,553 $ 35,734 Fully amortized intangible assets were removed from the above table during the March 25, 2017 September 24, 2016. Trade names of $649,000 September 24, 2016 March 25, 2017 five Amortized intangible assets are being amortized by the straight-line method over periods ranging from 3 20 $6,957,000 June 24, 2017 $15,760,000 nine June 24, 2017 no nine June 25, 2016. three June 24, 2017 June 25, 2016 $828,000 $1,267,000, nine June 24, 2017 June 25, 2016 $2,957,000 $3,924,000, Estimated amortization expense including the estimated impact from the Hill & Valley purchase and the ICEE distributor purchase described above and in Note 13 five $3,900,000 2017, $3,500,000 2018, $3,400,000 2019, $3,200,000 2020 $2,500,000 2021. 10.6 Goodwill The carrying amounts of goodwill for the Food Service, Retail Supermarket and Frozen Beverage segments are as follows: Food S ervice Retail Supermarket Frozen Beverages Total (in thousands) Balance at June 24, 2017 $ 61,007 $ 3,670 $ 37,176 $ 101,853 Balance at September 24, $ 46,832 $ 3,670 $ 35,940 $ 86,442 Goodwill of $1,236,000 June 24, 2017 $14,175,000 nine June 24, 2017 none three nine June 25, 2016.

Note 11

Note 11	9 Months Ended
	Jun. 24, 2017
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 may Level 1 Observable input such as quoted prices in active markets for identical assets or liabilities; Level 2 Observable inputs, other than Level 1 Level 3 Unobservable inputs for which there is little or no 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 not 2 The amortized cost, unrealized gains and losses, and fair market values of our investment securities held to maturity at June 24, 2017 Gross Gross Fair Amortized Unrealized Unrealized Market Cost Gains Losses Value (in thousands) Corporate Bonds $ 114,050 $ 425 $ 164 $ 114,311 Certificates of Deposit 1,920 3 2 1,921 Total investment securities held to maturity $ 115,970 $ 428 $ 166 $ 116,232 The amortized cost, unrealized gains and losses, and fair market values of our investment securities available for sale at June 24, 2017 Gross Gross Fair Amortized Unrealized Unrealized Market Cost Gains Losses Value (in thousands) Mutual Funds $ 13,003 $ 34 $ 242 $ 12,795 Preferred Stock 16,791 628 50 17,369 Total investment securities available for sale $ 29,794 $ 662 $ 292 $ 30,164 The mutual funds seek current income with an emphasis on maintaining low volatility and overall moderate duration. The Fixed-to-Floating Perpetual Preferred Stock generate fixed income to call dates in 2018, 2019 2025 not not one may 2017 2021, $108 3 The amortized cost, unrealized gains and losses, and fair market values of our investment securities held to maturity at September 24, 2016 Gross Gross Fair Amortized Unrealized Unrealized Market Cost Gains Losses Value (in thousands) Corporate Bonds $ 103,311 $ 734 $ 138 $ 103,907 Certificates of Deposit 960 11 - 971 Total investment securities held to maturity $ 104,271 $ 745 $ 138 $ 104,878 The amortized cost, unrealized gains and losses, and fair market values of our investment securities available for sale at September 24, 2016 Gross Gross Fair Amortized Unrealized Unrealized Market Cost Gains Losses Value (in thousands) Mutual Funds $ 13,003 $ - $ 520 $ 12,483 Preferred Stock 16,791 273 82 16,982 Total investment securities available for sale $ 29,794 $ 273 $ 602 $ 29,465 The amortized cost and fair value of the Company’s held to maturity securities by contractual maturity at June 24, 2017 September 24, 2016 June 24, 2017 September 24, 2016 Fair Fair Amortized Market Amortized Market Cost Value Cost Value (in thousands) Due in one year or less $ 50,857 $ 50,917 $ 13,539 $ 13,552 Due after one year through five years 65,113 65,315 90,732 91,326 Due after five years through ten years - - - - Total held to maturity securities $ 115,970 $ 116,232 $ 104,271 $ 104,878 Less current portion 50,857 50,917 13,539 13,552 Long term held to maturity securities $ 65,113 $ 65,315 $ 90,732 $ 91,326 Proceeds from the redemption and sale of marketable securities were $9,577,000 $14,681,000 three nine June 24, 2017 $5,624,000 $11,008,000 in the three nine June 25, 2016, $13,000 three nine June 24, 2017 $176,000 $582,000 three nine June 25, 2016, We use the specific identification method to determine the cost of securities sold.

Note 12

Note 12	9 Months Ended
	Jun. 24, 2017
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	Note 12 Changes to the components of accumulated other comprehensive loss are as follows: Three Months Ended June 24, 2017 Nine Months Ended June 24, 2017 (unaudited) (unaudited) (in thousands) (in thousands) Foreign Currency Translation Adjustments Unrealized Holding Gain on Marketable Securities Total Foreign Currency Translation Adjustments Unrealized Holding Loss (Gain) on Marketable Securities Total Beginning Balance $ (12,296 ) $ 166 $ (12,130 ) $ (13,086 ) $ (329 ) $ (13,415 ) Other comprehensive income (loss) before reclassifications 1,095 204 1,299 1,885 699 2,584 Amounts reclassified from accumulated other comprehensive income - - - - - Ending Balance $ (11,201 ) $ 370 $ (10,831 ) $ (11,201 ) $ 370 $ (10,831 ) Three Months Ended June 25, 2016 Nine Months Ended June 25, 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 $ (10,701 ) $ (1,978 ) $ (12,679 ) $ (10,021 ) $ (876 ) $ (10,897 ) Other comprehensive income (loss) before reclassifications (1,387 ) 534 (853 ) (2,067 ) (812 ) (2,879 ) Amounts reclassified from accumulated other comprehensive income - 106 106 - 350 350 Ending Balance $ (12,088 ) $ (1,338 ) $ (13,426 ) $ (12,088 ) $ (1,338 ) $ (13,426 )

Note 13

Note 13	9 Months Ended
	Jun. 24, 2017
Notes to Financial Statements
Business Combination Disclosure [Text Block]	Note 13 On December 30, 2016, $31 $45 No $11.4 43,000 $20.9 $102,000 nine June 24, 2017. The purchase price allocation for the acquisition is as follows: (in thousands) Accounts Receivable, net $ 4,054 Inventories 6,088 Prepaid expenses and other 122 Property, plant & equipment, net 4,398 Trade Names 2,090 Customer Relationships 13,000 Goodwill 14,175 Covenant not to compete 670 Accounts Payable (2,259 ) Accrued Liabilities (2,162 ) Accrued compensation expense (650 ) Other long-term liabilities (1,782 ) Deferred income taxes (6,633 ) Purchase Price $ 31,111 The goodwill recognized is attributable to the assembled workforce of Hill & Valley and certain other strategic intangible assets that do not Acquisition costs of $519,000 nine June 24, 2017. On May 22, 2017, $11 $505,000 $153,000 nine June 24, 2017 The preliminary purchase price allocation, subject to final valuation, for the acquisition is as follows: (in thousands) Accounts Receivable, net $ 340 Inventories 217 Prepaid expenses and other 25 Property, plant & equipment, net 2,277 Customer Relationships 57 Distribution rights 6,900 Goodwill 1,236 Accounts Payable (79 ) Accrued Liabilities (26 ) Purchase Price $ 10,947 The goodwill recognized is attributable to the assembled workforce of the acquired business and certain other strategic intangible assets that do not Acquisition costs of $48,000 three nine June 24, 2017. Our proforma results, giving effect to these two September 27, 2015, (in thousands, except per share amounts) Three months ended Nine months ended June 24, June 25, June 24, June 25, 2017 2016 2017 2016 Net Sales $ 296,115 $ 290,854 $ 783,938 $ 766,048 Net Earnings $ 25,395 $ 27,098 $ 54,903 $ 55,957

Note 4 (Tables)

Note 4 (Tables)	9 Months Ended
	Jun. 24, 2017
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended June 24, 2017 Income Shares Per Share (Numerator) (Denominator) Amount (in thousands, except per share amounts) Basic EPS Net Earnings available to common stockholders $ 25,304 18,727 $ 1.35 Effect of Dilutive Securities Options - 119 (0.01 ) Diluted EPS Net Earnings available to common stockholders plus assumed conversions $ 25,304 18,846 $ 1.34 Nine Months Ended June 24, 2017 Income Shares Per Share (Numerator) (Denominator) Amount (in thousands, except per share amounts) Basic EPS Net Earnings available to common stockholders $ 54,831 18,708 $ 2.93 Effect of Dilutive Securities Options - 110 (0.02 ) Diluted EPS Net Earnings available to common stockholders plus assumed conversions $ 54,831 18,818 $ 2.91 Three Months Ended June 25, 2016 Income Shares Per Share (Numerator) (Denominator) Amount (in thousands, except per share amounts) Basic EPS Net Earnings available to common stockholders $ 26,791 18,615 $ 1.44 Effect of Dilutive Securities Options - 90 (0.01 ) Diluted EPS Net Earnings available to common stockholders plus assumed conversions $ 26,791 18,705 $ 1.43 Nine Months Ended June 25, 2016 Income Shares Per Share (Numerator) (Denominator) Amount (in thousands, except per share amounts) Basic EPS Net Earnings available to common stockholders $ 55,357 18,646 $ 2.97 Effect of Dilutive Securities Options - 119 (0.02 ) Diluted EPS Net Earnings available to common stockholders plus assumed conversions $ 55,357 18,765 $ 2.95

Note 5 (Tables)

Note 5 (Tables)	9 Months Ended
	Jun. 24, 2017
Notes Tables
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]	Three months ended Nine months ended June 24, June 25, June 24, June 25, 2017 2016 2017 2016 (in thousands, except per share amounts) Stock Options $ (20 ) $ 112 $ (165 ) $ 56 Stock purchase plan 65 96 300 248 Stock issued to an outside director 14 - 42 - Restricted stock issued to an employee 1 1 3 3 Total share-based compensation $ 60 $ 209 $ 180 $ 307 The above compensation is net of tax benefits $ 751 $ 470 $ 2,060 $ 1,427

Note 8 (Tables)

Note 8 (Tables)	9 Months Ended
	Jun. 24, 2017
Notes Tables
Schedule of Inventory, Current [Table Text Block]	June 24, September 24, 2017 2016 (unaudited) (in thousands) Finished goods $ 47,504 $ 38,285 Raw Materials 24,635 18,223 Packaging materials 8,829 6,799 Equipment parts & other 26,211 25,377 Total Inventories $ 107,179 $ 88,684

Note 9 (Tables)

Note 9 (Tables)	9 Months Ended
	Jun. 24, 2017
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three months ended Nine months ended June 24, June 25, June 24, June 25, 2017 2016 2017 2016 (unaudited) (in thousands) Sales to External Customers: Food Service Soft pretzels $ 45,069 $ 44,410 $ 129,556 $ 125,943 Frozen juices and ices 16,281 18,564 33,453 37,850 Churros 17,536 15,819 46,693 43,452 Handhelds 8,574 7,047 24,155 20,371 Bakery 89,712 74,475 248,795 221,500 Other 5,938 8,833 14,833 15,507 Total Food Service $ 183,110 $ 169,148 $ 497,485 $ 464,623 Retail Supermarket Soft pretzels $ 7,496 $ 7,136 $ 25,626 $ 25,611 Frozen juices and ices 27,317 26,038 50,359 48,009 Handhelds 3,548 3,813 10,374 11,121 Coupon redemption (1,092 ) (826 ) (3,246 ) (1,911 ) Other 873 852 2,260 2,143 Total Retail Supermarket $ 38,142 $ 37,013 $ 85,373 $ 84,973 Frozen Beverages Beverages $ 48,714 $ 44,352 $ 108,812 $ 102,966 Repair and maintenance service 18,549 18,398 54,327 53,105 Machines sales 6,496 8,942 20,547 23,911 Other 404 128 954 963 Total Frozen Beverages $ 74,163 $ 71,820 $ 184,640 $ 180,945 Consolidated Sales $ 295,415 $ 277,981 $ 767,498 $ 730,541 Depreciation and Amortization: Food Service $ 6,028 $ 5,777 $ 18,155 $ 16,846 Retail Supermarket 221 288 859 862 Frozen Beverages 4,437 4,095 12,382 12,122 Total Depreciation and Amortization $ 10,686 $ 10,160 $ 31,396 $ 29,830 Operating Income: Food Service $ 22,005 $ 24,619 $ 58,695 $ 59,041 Retail Supermarket 4,890 4,266 8,390 7,825 Frozen Beverages 10,905 11,552 14,153 15,210 Total Operating Income $ 37,800 $ 40,437 $ 81,238 $ 82,076 Capital Expenditures: Food Service $ 16,923 $ 5,961 $ 35,536 $ 19,470 Retail Supermarket 15 140 228 339 Frozen Beverages 7,230 7,385 21,387 17,412 Total Capital Expenditures $ 24,168 $ 13,486 $ 57,151 $ 37,221 Assets: Food Service $ 631,131 $ 563,571 $ 631,131 $ 563,571 Retail Supermarket 25,212 26,110 25,212 26,110 Frozen Beverages 209,441 181,552 209,441 181,552 Total Assets $ 865,784 $ 771,233 $ 865,784 $ 771,233

Note 10 (Tables)

Note 10 (Tables)	9 Months Ended
	Jun. 24, 2017
Notes Tables
Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block]	June 24, 2017 September 24, 2016 Gross Gross Carrying Accumulated Carrying Accumulated Amount Amortization Amount Amortization (in thousands) FOOD SERVICE Indefinite lived intangible assets Trade Names $ 16,240 $ - $ 14,150 $ - Amortized intangible assets Non compete agreements 792 192 122 93 Customer relationships 48,491 33,923 35,491 31,895 License and rights 1,690 1,037 1,690 974 TOTAL FOOD SERVICE $ 67,213 $ 35,152 $ 51,453 $ 32,962 RETAIL SUPERMARKETS Indefinite lived intangible assets Trade Names $ 6,557 $ - $ 7,206 $ - Amortized Intangible Assets Trade Names 649 97 - - Customer relationships 7,979 2,622 7,979 2,021 TOTAL RETAIL SUPERMARKETS $ 15,185 $ 2,719 $ 15,185 $ 2,021 FROZEN BEVERAGES Indefinite lived intangible assets Trade Names $ 9,315 $ - $ 9,315 $ - Distribution rights 6,900 - - - Amortized intangible assets Customer relationships 257 44 200 28 Licenses and rights 1,400 776 1,400 723 TOTAL FROZEN BEVERAGES $ 17,872 $ 820 $ 10,915 $ 751 CONSOLIDATED $ 100,270 $ 38,691 $ 77,553 $ 35,734
Schedule of Goodwill [Table Text Block]	Food S ervice Retail Supermarket Frozen Beverages Total (in thousands) Balance at June 24, 2017 $ 61,007 $ 3,670 $ 37,176 $ 101,853 Balance at September 24, $ 46,832 $ 3,670 $ 35,940 $ 86,442

Note 11 (Tables)

Note 11 (Tables)	9 Months Ended
	Jun. 24, 2017
Notes Tables
Unrealized Gain (Loss) on Investments [Table Text Block]	Gross Gross Fair Amortized Unrealized Unrealized Market Cost Gains Losses Value (in thousands) Corporate Bonds $ 114,050 $ 425 $ 164 $ 114,311 Certificates of Deposit 1,920 3 2 1,921 Total investment securities held to maturity $ 115,970 $ 428 $ 166 $ 116,232 Gross Gross Fair Amortized Unrealized Unrealized Market Cost Gains Losses Value (in thousands) Mutual Funds $ 13,003 $ 34 $ 242 $ 12,795 Preferred Stock 16,791 628 50 17,369 Total investment securities available for sale $ 29,794 $ 662 $ 292 $ 30,164 Gross Gross Fair Amortized Unrealized Unrealized Market Cost Gains Losses Value (in thousands) Corporate Bonds $ 103,311 $ 734 $ 138 $ 103,907 Certificates of Deposit 960 11 - 971 Total investment securities held to maturity $ 104,271 $ 745 $ 138 $ 104,878 Gross Gross Fair Amortized Unrealized Unrealized Market Cost Gains Losses Value (in thousands) Mutual Funds $ 13,003 $ - $ 520 $ 12,483 Preferred Stock 16,791 273 82 16,982 Total investment securities available for sale $ 29,794 $ 273 $ 602 $ 29,465
Investments Classified by Contractual Maturity Date [Table Text Block]	June 24, 2017 September 24, 2016 Fair Fair Amortized Market Amortized Market Cost Value Cost Value (in thousands) Due in one year or less $ 50,857 $ 50,917 $ 13,539 $ 13,552 Due after one year through five years 65,113 65,315 90,732 91,326 Due after five years through ten years - - - - Total held to maturity securities $ 115,970 $ 116,232 $ 104,271 $ 104,878 Less current portion 50,857 50,917 13,539 13,552 Long term held to maturity securities $ 65,113 $ 65,315 $ 90,732 $ 91,326

Note 12 (Tables)

Note 12 (Tables)	9 Months Ended
	Jun. 24, 2017
Notes Tables
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Three Months Ended June 24, 2017 Nine Months Ended June 24, 2017 (unaudited) (unaudited) (in thousands) (in thousands) Foreign Currency Translation Adjustments Unrealized Holding Gain on Marketable Securities Total Foreign Currency Translation Adjustments Unrealized Holding Loss (Gain) on Marketable Securities Total Beginning Balance $ (12,296 ) $ 166 $ (12,130 ) $ (13,086 ) $ (329 ) $ (13,415 ) Other comprehensive income (loss) before reclassifications 1,095 204 1,299 1,885 699 2,584 Amounts reclassified from accumulated other comprehensive income - - - - - Ending Balance $ (11,201 ) $ 370 $ (10,831 ) $ (11,201 ) $ 370 $ (10,831 ) Three Months Ended June 25, 2016 Nine Months Ended June 25, 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 $ (10,701 ) $ (1,978 ) $ (12,679 ) $ (10,021 ) $ (876 ) $ (10,897 ) Other comprehensive income (loss) before reclassifications (1,387 ) 534 (853 ) (2,067 ) (812 ) (2,879 ) Amounts reclassified from accumulated other comprehensive income - 106 106 - 350 350 Ending Balance $ (12,088 ) $ (1,338 ) $ (13,426 ) $ (12,088 ) $ (1,338 ) $ (13,426 )

Note 13 (Tables)

Note 13 (Tables)	9 Months Ended
	Jun. 24, 2017
Notes Tables
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	(in thousands) Accounts Receivable, net $ 4,054 Inventories 6,088 Prepaid expenses and other 122 Property, plant & equipment, net 4,398 Trade Names 2,090 Customer Relationships 13,000 Goodwill 14,175 Covenant not to compete 670 Accounts Payable (2,259 ) Accrued Liabilities (2,162 ) Accrued compensation expense (650 ) Other long-term liabilities (1,782 ) Deferred income taxes (6,633 ) Purchase Price $ 31,111 (in thousands) Accounts Receivable, net $ 340 Inventories 217 Prepaid expenses and other 25 Property, plant & equipment, net 2,277 Customer Relationships 57 Distribution rights 6,900 Goodwill 1,236 Accounts Payable (79 ) Accrued Liabilities (26 ) Purchase Price $ 10,947
Business Acquisition, Pro Forma Information [Table Text Block]	(in thousands, except per share amounts) Three months ended Nine months ended June 24, June 25, June 24, June 25, 2017 2016 2017 2016 Net Sales $ 296,115 $ 290,854 $ 783,938 $ 766,048 Net Earnings $ 25,395 $ 27,098 $ 54,903 $ 55,957

Note 2 (Details Textual)

Note 2 (Details Textual) - USD ($)	Jun. 24, 2017	Sep. 24, 2016
Allowance for Doubtful Accounts Receivable	$ 421,000	$ 571,000

Note 3 (Details Textual)

Note 3 (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 24, 2017	Jun. 25, 2016	Jun. 24, 2017	Jun. 25, 2016
Depreciation	$ 9,629,000	$ 8,765,000	$ 28,060,000	$ 25,526,000
Minimum [Member]
Finite-Lived Intangible Asset, Useful Life			3 years
Maximum [Member]
Finite-Lived Intangible Asset, Useful Life			20 years

Note 4 (Details Textual)

Note 4 (Details Textual) - shares	3 Months Ended		9 Months Ended
	Jun. 24, 2017	Jun. 25, 2016	Jun. 24, 2017	Jun. 25, 2016
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	500	189,170	158,494	189,670

Note 4 - Calculation of EPS (De

Note 4 - Calculation of EPS (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 24, 2017	Jun. 25, 2016	Jun. 24, 2017	Jun. 25, 2016
Weighted average number of shares outstanding, diluted (in shares)	18,846	18,705	18,818	18,765
Earnings per share, diluted (in dollars per share)	$ 1.34	$ 1.43	$ 2.91	$ 2.95
Net Earnings available to common stockholders	$ 25,304	$ 26,791	$ 54,831	$ 55,357
Weighted average number of shares outstanding, basic (in shares)	18,727	18,615	18,708	18,646
Earnings per share, basic (in dollars per share)	$ 1.35	$ 1.44	$ 2.93	$ 2.97
Options	$ 0	$ 0	$ 0	$ 0
Options (in shares)	119	90	110	119
Options (in dollars per share)	$ (0.01)	$ (0.01)	$ (0.02)	$ (0.02)
Net Earnings available to common stockholders plus assumed conversions	$ 25,304	$ 26,791	$ 54,831	$ 55,357

Note 5 (Details Textual)

Note 5 (Details Textual) - $ / shares	9 Months Ended
	Jun. 24, 2017	Jun. 25, 2016
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	159,294	159,170
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 18.85	$ 13.94
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	15.80%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	2.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate	1.30%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	5 years
Five Year Options [Member]
Share Based Compensation Arrangement by Share Based Payment Award Fair Value Assumptions Volatility Calculation Term	4 years 90 days
Ten Year Options [Member]
Share Based Compensation Arrangement by Share Based Payment Award Fair Value Assumptions Volatility Calculation Term	10 years

Note 5 - Summary of Share-based

Note 5 - Summary of Share-based Compensation Expense (Benefit) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 24, 2017	Jun. 25, 2016	Jun. 24, 2017	Jun. 25, 2016
Share-based compensation expense	$ 60	$ 209	$ 180	$ 307
The above compensation is net of tax benefits	751	470	2,060	1,427
Employee Stock Option [Member]
Share-based compensation expense	(20)	112	(165)	56
Stock Purchase Plan [Member]
Share-based compensation expense	65	96	300	248
Deferred Stock Issued To Outside Directors [Member]
Share-based compensation expense	14		42
Restricted Stock [Member]
Share-based compensation expense	$ 1	$ 1	$ 3	$ 3

Note 6 (Details Textual)

Note 6 (Details Textual) - USD ($)	Jun. 24, 2017	Sep. 24, 2016
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	$ 369,000	$ 354,000
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	$ 234,000	$ 219,000

Note 8 - Summary of Inventory (

Note 8 - Summary of Inventory (Details) - USD ($) $ in Thousands	Jun. 24, 2017	Sep. 24, 2016
Finished goods	$ 47,504	$ 38,285
Raw Materials	24,635	18,223
Packaging materials	8,829	6,799
Equipment parts & other	26,211	25,377
Total Inventories	$ 107,179	$ 88,684

Note 9 (Details Textual)

Note 9 (Details Textual)	9 Months Ended
	Jun. 24, 2017
Number of Operating Segments	3
Number of Reportable Segments	3

Note 9 - Operations Information

Note 9 - Operations Information by Reporting Segment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 24, 2017	Jun. 25, 2016	Jun. 24, 2017	Jun. 25, 2016	Sep. 24, 2016
Sales	$ 295,415	$ 277,981	$ 767,498	$ 730,541
Depreciation and amortization	10,686	10,160	31,396	29,830
Operating income	37,800	40,437	81,238	82,076
Capital expenditures	24,168	13,486	57,151	37,221
Assets	865,784	771,233	865,784	771,233	$ 790,487
Food Service [Member]
Sales	183,110	169,148	497,485	464,623
Depreciation and amortization	6,028	5,777	18,155	16,846
Operating income	22,005	24,619	58,695	59,041
Capital expenditures	16,923	5,961	35,536	19,470
Assets	631,131	563,571	631,131	563,571
Retail Supermarket [Member]
Sales	38,142	37,013	85,373	84,973
Depreciation and amortization	221	288	859	862
Operating income	4,890	4,266	8,390	7,825
Capital expenditures	15	140	228	339
Assets	25,212	26,110	25,212	26,110
Frozen Beverages [Member]
Sales	74,163	71,820	184,640	180,945
Depreciation and amortization	4,437	4,095	12,382	12,122
Operating income	10,905	11,552	14,153	15,210
Capital expenditures	7,230	7,385	21,387	17,412
Assets	209,441	181,552	209,441	181,552
Soft Pretzels [Member] | Food Service [Member]
Sales	45,069	44,410	129,556	125,943
Soft Pretzels [Member] | Retail Supermarket [Member]
Sales	7,496	7,136	25,626	25,611
Frozen Juices and Ices [Member] | Food Service [Member]
Sales	16,281	18,564	33,453	37,850
Frozen Juices and Ices [Member] | Retail Supermarket [Member]
Sales	27,317	26,038	50,359	48,009
Churros [Member] | Food Service [Member]
Sales	17,536	15,819	46,693	43,452
Handhelds [Member] | Food Service [Member]
Sales	8,574	7,047	24,155	20,371
Handhelds [Member] | Retail Supermarket [Member]
Sales	3,548	3,813	10,374	11,121
Bakery [Member] | Food Service [Member]
Sales	89,712	74,475	248,795	221,500
Other Products [Member] | Food Service [Member]
Sales	5,938	8,833	14,833	15,507
Other Products [Member] | Retail Supermarket [Member]
Sales	873	852	2,260	2,143
Other Products [Member] | Frozen Beverages [Member]
Sales	404	128	954	963
Coupon Redemtion [Member] | Retail Supermarket [Member]
Sales	(1,092)	(826)	(3,246)	(1,911)
Beverage [Member] | Frozen Beverages [Member]
Sales	48,714	44,352	108,812	102,966
Repair and Maintenance Service [Member] | Frozen Beverages [Member]
Sales	18,549	18,398	54,327	53,105
Machine Sales [Member] | Frozen Beverages [Member]
Sales	$ 6,496	$ 8,942	$ 20,547	$ 23,911

Note 10 (Details Textual)

Note 10 (Details Textual)	3 Months Ended		9 Months Ended
	Jun. 24, 2017USD ($)	Jun. 25, 2016USD ($)	Jun. 24, 2017USD ($)	Jun. 25, 2016USD ($)	Mar. 25, 2017USD ($)
Number of Reportable Segments			3
Intangible Assets Acquired				$ 0
Amortization of Intangible Assets	$ 828,000	$ 1,267,000	$ 2,957,000	3,924,000
Finite-Lived Intangible Assets, Amortization Expense, Remainder of Fiscal Year	3,900,000		3,900,000
Finite-Lived Intangible Assets, Amortization Expense, Year Two	3,500,000		3,500,000
Finite-Lived Intangible Assets, Amortization Expense, Year Three	3,400,000		3,400,000
Finite-Lived Intangible Assets, Amortization Expense, Year Four	3,200,000		3,200,000
Finite-Lived Intangible Assets, Amortization Expense, Year Five	2,500,000		$ 2,500,000
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life			10 years 219 days
Goodwill, Acquired During Period		$ 0		$ 0
ICEE Distributor [Member] | Frozen Beverages [Member]
Intangible Assets Acquired	6,957,000
Goodwill, Acquired During Period	$ 1,236,000
Hill & Valley Inc. [Member] | Food Service [Member]
Intangible Assets Acquired			$ 15,760,000
Goodwill, Acquired During Period			$ 14,175,000
Minimum [Member]
Finite-Lived Intangible Asset, Useful Life			3 years
Maximum [Member]
Finite-Lived Intangible Asset, Useful Life			20 years
Trade Names [Member]
Finite-Lived Intangible Assets, Gross					$ 649,000
Finite-Lived Intangible Asset, Useful Life			5 years

Note 10 - Intangible Assets by

Note 10 - Intangible Assets by Reporting Segment (Details) - USD ($) $ in Thousands	Jun. 24, 2017	Sep. 24, 2016
Finite-lived intangible assets, accumulated amortization	$ 38,691	$ 35,734
Intangible assets	100,270	77,553
Food Service [Member]
Finite-lived intangible assets, accumulated amortization	35,152	32,962
Intangible assets	67,213	51,453
Food Service [Member] | Noncompete Agreements [Member]
Finite-lived intangible assets, gross	792	122
Finite-lived intangible assets, accumulated amortization	192	93
Food Service [Member] | Customer Relationships [Member]
Finite-lived intangible assets, gross	48,491	35,491
Finite-lived intangible assets, accumulated amortization	33,923	31,895
Food Service [Member] | License and Rights [Member]
Finite-lived intangible assets, gross	1,690	1,690
Finite-lived intangible assets, accumulated amortization	1,037	974
Retail Supermarket [Member]
Finite-lived intangible assets, accumulated amortization	2,719	2,021
Intangible assets	15,185	15,185
Retail Supermarket [Member] | Customer Relationships [Member]
Finite-lived intangible assets, gross	7,979	7,979
Finite-lived intangible assets, accumulated amortization	2,622	2,021
Retail Supermarket [Member] | Finite-lived Trade Names [Member]
Finite-lived intangible assets, gross	649	0
Finite-lived intangible assets, accumulated amortization	97
Frozen Beverages [Member]
Finite-lived intangible assets, accumulated amortization	820	751
Intangible assets	17,872	10,915
Frozen Beverages [Member] | Customer Relationships [Member]
Finite-lived intangible assets, gross	257	200
Finite-lived intangible assets, accumulated amortization	44	28
Frozen Beverages [Member] | License and Rights [Member]
Finite-lived intangible assets, gross	1,400	1,400
Finite-lived intangible assets, accumulated amortization	776	723
Trade Names [Member] | Food Service [Member]
Indefinite-lived intangible assets, gross	16,240	14,150
Trade Names [Member] | Retail Supermarket [Member]
Indefinite-lived intangible assets, gross	6,557	7,206
Trade Names [Member] | Frozen Beverages [Member]
Indefinite-lived intangible assets, gross	9,315	9,315
Distribution Rights, Indefinite-lived [Member] | Frozen Beverages [Member]
Indefinite-lived intangible assets, gross	$ 6,900

Note 10 - Goodwill by Reporting

Note 10 - Goodwill by Reporting Segment (Details) - USD ($) $ in Thousands	Jun. 24, 2017	Sep. 24, 2016
Goodwill	$ 101,853	$ 86,442
Food Service [Member]
Goodwill	61,007	46,832
Retail Supermarket [Member]
Goodwill	3,670	3,670
Frozen Beverages [Member]
Goodwill	$ 37,176	$ 35,940

Note 11 (Details Textual)

Note 11 (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 24, 2017	Jun. 25, 2016	Jun. 24, 2017	Jun. 25, 2016	Sep. 24, 2016
Held-to-maturity Securities	$ 115,970,000		$ 115,970,000		$ 104,271,000
Proceeds from Sale and Maturity of Marketable Securities	9,577,000	$ 5,624,000	14,681,000	$ 11,008,000
Marketable Securities, Gain (Loss)	13,000	$ (176,000)	13,000	$ (582,000)
Corporate Bond Securities [Member]
Held-to-maturity Securities	$ 108		$ 108
Investment Securities Maturity Term			3 years

Note 11 - Summary of Securities

Note 11 - Summary of Securities (Details) - USD ($) $ in Thousands	Jun. 24, 2017	Sep. 24, 2016
Held-to-maturity securities, fair market value	$ 116,232	$ 104,878
Available-for-sale securities, amortized cost	29,794	29,794
Available-for-sale securities, gross unrealized gains	662	273
Available-for-sale securities, gross unrealized losses	292	602
Available-for-sale securities, fair market value	30,164	29,465
Held-to-maturity securities, amortized cost	115,970	104,271
Held-to-maturity securities, gross unrealized gains	428	745
Held-to-maturity securities, gross unrealized losses	166	138
Corporate Bond Securities [Member]
Held-to-maturity securities, fair market value	114,311	103,907
Held-to-maturity securities, amortized cost	114,050	103,311
Held-to-maturity securities, gross unrealized gains	425	734
Held-to-maturity securities, gross unrealized losses	164	138
Mutual Funds [Member]
Available-for-sale securities, amortized cost	13,003	13,003
Available-for-sale securities, gross unrealized gains	34	0
Available-for-sale securities, gross unrealized losses	242	520
Available-for-sale securities, fair market value	12,795	12,483
Certificates of Deposit [Member]
Held-to-maturity securities, fair market value	1,921	971
Held-to-maturity securities, amortized cost	1,920	960
Held-to-maturity securities, gross unrealized gains	3	11
Held-to-maturity securities, gross unrealized losses	2	0
Preferred Stock [Member]
Available-for-sale securities, amortized cost	16,791	16,791
Available-for-sale securities, gross unrealized gains	628	273
Available-for-sale securities, gross unrealized losses	50	82
Available-for-sale securities, fair market value	$ 17,369	$ 16,982

Note 11 - Held-to-maturity Secu

Note 11 - Held-to-maturity Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Jun. 24, 2017	Sep. 24, 2016
Due in one year or less, amortized cost	$ 50,857	$ 13,539
Due in one year or less, fair market value	50,917	13,552
Due after one year through five years, amortized cost	65,113	90,732
Due after one year through five years, fair market value	65,315	91,326
Due after five years through ten years, fair market value	0	0
Due after five years through ten years, amortized cost	0	0
Total held to maturity securities, fair market value	116,232	104,878
Total held to maturity securities, amortized cost	115,970	104,271
Less current portion, amortized cost	50,857	13,539
Less current portion, fair market value	50,917	13,552
Long term held to maturity securities, amortized cost	65,113	90,732
Long term held to maturity securities, fair market value	$ 65,315	$ 91,326

Note 12 - Changes to the Compon

Note 12 - Changes to the Components of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 24, 2017	Jun. 25, 2016	Jun. 24, 2017	Jun. 25, 2016
Beginning Balance			$ 637,974
Ending Balance	$ 675,446		675,446
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Beginning Balance	(12,296)	$ (10,701)	(13,086)	$ (10,021)
Other comprehensive income (loss) before reclassifications	1,095	(1,387)	1,885	(2,067)
Amounts reclassified from accumulated other comprehensive income	0	0	0	0
Ending Balance	(11,201)	(12,088)	(11,201)	(12,088)
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member]
Beginning Balance	166	(1,978)	(329)	(876)
Other comprehensive income (loss) before reclassifications	204	534	699	(812)
Amounts reclassified from accumulated other comprehensive income	0	106	0	350
Ending Balance	370	(1,338)	370	(1,338)
AOCI Attributable to Parent [Member]
Beginning Balance	(12,130)	(12,679)	(13,415)	(10,897)
Other comprehensive income (loss) before reclassifications	1,299	(853)	2,584	(2,879)
Amounts reclassified from accumulated other comprehensive income	0	106	0	350
Ending Balance	$ (10,831)	$ (13,426)	$ (10,831)	$ (13,426)

Note 13 (Details Textual)

Note 13 (Details Textual) - USD ($)	May 22, 2017	Dec. 30, 2016	Jun. 24, 2017	Jun. 25, 2016	Jun. 24, 2017	Jun. 25, 2016
Operating Income (Loss)			$ 37,800,000	$ 40,437,000	$ 81,238,000	$ 82,076,000
Revenue, Net			295,415,000	$ 277,981,000	767,498,000	$ 730,541,000
Hill & Valley Inc. [Member]
Operating Income (Loss)			(43,000)		102,000
Minimum Annual Revenues		$ 45,000,000
Revenue, Net			11,400,000		20,900,000
ICEE Distributor [Member]
Operating Income (Loss)					153,000
Revenue, Net			505,000
Hill & Valley Inc. [Member]
Payments to Acquire Businesses, Gross		$ 31,000,000
Hill & Valley Inc. [Member] | Other Expense [Member]
Business Combination, Acquisition Related Costs					519,000
ICEE Distributor [Member]
Payments to Acquire Businesses, Gross	$ 11,000,000
ICEE Distributor [Member] | Other Expense [Member]
Business Combination, Acquisition Related Costs			$ 48,000		$ 48,000

Note 13 - Purchase Price Alloca

Note 13 - Purchase Price Allocation for Acquisitions (Details) - USD ($) $ in Thousands	Jun. 24, 2017	Dec. 30, 2016	Sep. 24, 2016
Goodwill	$ 101,853		$ 86,442
Hill & Valley Inc. [Member]
Inventories		$ 6,088
Prepaid expenses and other		122
Property, plant & equipment, net		4,398
Goodwill		14,175
Accounts Payable		(2,259)
Accrued Liabilities		(2,162)
Accrued compensation expense		(650)
Other long-term liabilities		(1,782)
Deferred income taxes		(6,633)
Purchase Price		31,111
Accounts Receivable, net		4,054
Hill & Valley Inc. [Member] | Customer Relationships [Member]
Finite-Lived Intangible Assets		13,000
Hill & Valley Inc. [Member] | Noncompete Agreements [Member]
Finite-Lived Intangible Assets		670
Hill & Valley Inc. [Member] | Trade Names [Member]
Indefinite-Lived Intangible Assets		2,090
ICEE Distributor [Member]
Inventories		217
Prepaid expenses and other		25
Property, plant & equipment, net		2,277
Goodwill		1,236
Accounts Payable		(79)
Accrued Liabilities		(26)
Purchase Price		10,947
Accounts Receivable, net		340
ICEE Distributor [Member] | Customer Relationships [Member]
Finite-Lived Intangible Assets		57
ICEE Distributor [Member] | Distribution Rights [Member]
Indefinite-Lived Intangible Assets		$ 6,900

Note 13 - Proforma Results from

Note 13 - Proforma Results from Acquisitions (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 24, 2017	Jun. 25, 2016	Jun. 24, 2017	Jun. 25, 2016
Net Sales	$ 296,115	$ 290,854	$ 783,938	$ 766,048
Net Earnings	$ 25,395	$ 27,098	$ 54,903	$ 55,957