J&J Snack Foods (JJSF) 10-Q 28 Jan 21 2021 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Dec. 26, 2020	Jan. 19, 2021
Document Information [Line Items]
Entity Central Index Key	0000785956
Entity Registrant Name	J&J SNACK FOODS CORP
Amendment Flag	false
Current Fiscal Year End Date	--09-25
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2021
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 26, 2020
Document Transition Report	false
Entity File Number	0-14616
Entity Incorporation, State or Country Code	NJ
Entity Tax Identification Number	22-1935537
Entity Address, Address Line One	6000 Central Highway
Entity Address, City or Town	Pennsauken
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	08109
City Area Code	856
Local Phone Number	665-9533
Title of 12(b) Security	Common Stock, no par value
Trading Symbol	JJSF
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		18,979,637

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Dec. 26, 2020	Sep. 26, 2020
Current assets
Cash and cash equivalents	$ 228,335	$ 195,809
Marketable securities held to maturity	34,286	51,151
Accounts receivable, net	113,210	126,587
Inventories	114,882	108,923
Prepaid expenses and other	17,942	17,087
Total current assets	508,655	499,557
Property, plant and equipment, at cost
Land	2,494	2,494
Buildings	26,582	26,582
Plant machinery and equipment	331,357	330,168
Marketing equipment	249,440	250,914
Transportation equipment	10,251	9,966
Office equipment	34,095	33,878
Improvements	43,994	43,264
Construction in progress	23,874	19,995
Total Property, plant and equipment, at cost	722,087	717,261
Less accumulated depreciation and amortization	462,873	455,645
Property, plant and equipment, net	259,214	261,616
Other assets
Goodwill	121,833	121,833
Other intangible assets, net	80,947	81,622
Marketable securities held to maturity	8,595	16,927
Marketable securities available for sale	13,734	13,976
Operating lease right-of-use assets	55,989	58,110
Other	2,876	2,912
Total other assets	283,974	295,380
Total Assets	1,051,843	1,056,553
Current Liabilities
Current finance lease liabilities	332	349
Accounts payable	76,325	73,135
Accrued insurance liability	13,842	13,039
Accrued liabilities	6,924	7,420
Current operating lease liabilities	12,981	13,173
Accrued compensation expense	11,387	16,134
Dividends payable	10,900	10,876
Total current liabilities	132,691	134,126
Noncurrent finance lease liabilities	299	368
Noncurrent operating lease liabilities	45,641	47,688
Deferred income taxes	64,469	64,413
Other long-term liabilities	454	460
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 18,956,000 and 18,915,000 respectively	54,902	49,268
Accumulated other comprehensive loss	(13,308)	(15,587)
Retained Earnings	766,695	775,817
Total stockholders' equity	808,289	809,498
Total Liabilities and Stockholders' Equity	$ 1,051,843	$ 1,056,553

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Dec. 26, 2020	Sep. 26, 2020
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)	18,956,000	18,915,000
Common stock, shares outstanding (in shares)	18,956,000	18,915,000

Consolidated Statements of Earn

Consolidated Statements of Earnings (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Dec. 26, 2020	Dec. 28, 2019
Net Sales	$ 240,997	$ 282,897
Cost of goods sold	190,872	205,036
Gross Profit	50,125	77,861
Operating expenses
Marketing	17,301	22,732
Distribution	22,889	23,542
Administrative	9,440	9,618
Other general expense	(83)	266
Total Operating Expenses	49,547	56,158
Operating Income	578	21,703
Other income (expense)
Investment income	1,370	1,786
Interest expense & other	(15)	(26)
Earnings before income taxes	1,933	23,463
Income tax expense	155	6,404
NET EARNINGS	$ 1,778	$ 17,059
Earnings per diluted share (in dollars per share)	$ 0.09	$ 0.89
Weighted average number of diluted shares (in shares)	19,031	19,144
Earnings per basic share (in dollars per share)	$ 0.09	$ 0.90
Weighted average number of basic shares (in shares)	18,935	18,898

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Dec. 26, 2020	Dec. 29, 2019
Net Earnings	$ 1,778	$ 17,059
Foreign currency translation adjustments	2,279	810
Total Other Comprehensive Loss	2,279	810
Comprehensive Income	$ 4,057	$ 17,869

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock Including Additional Paid in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Balance (in shares) at Sep. 28, 2019	18,895,000
Balance at Sep. 28, 2019	$ 45,744	$ (12,988)	$ 800,995	$ 833,751
Issuance of common stock upon exercise of stock options (in shares)	5,000
Issuance of common stock upon exercise of stock options	$ 468	0	0	468
Foreign currency translation adjustment	0	810	0	810
Dividends declared	0	0	(10,867)	(10,867)
Share-based compensation	1,299	0	0	1,299
Net earnings	$ 0	0	17,059	17,059
Balance (in shares) at Dec. 28, 2019	18,900,000
Balance at Dec. 28, 2019	$ 47,511	(12,178)	807,187	$ 842,520
Balance (in shares) at Sep. 26, 2020	18,915,000			18,915,000
Balance at Sep. 26, 2020	$ 49,268	(15,587)	775,817	$ 809,498
Issuance of common stock upon exercise of stock options (in shares)	41,000
Issuance of common stock upon exercise of stock options	$ 4,390	0	0	4,390
Foreign currency translation adjustment	0	2,279	0	2,279
Dividends declared	0	0	(10,900)	(10,900)
Share-based compensation	1,244	0		1,244
Net earnings	$ 0	0	1,778	$ 1,778
Balance (in shares) at Dec. 26, 2020	18,956,000			18,956,000
Balance at Dec. 26, 2020	$ 54,902	$ (13,308)	$ 766,695	$ 808,289

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Dec. 26, 2020	Dec. 28, 2019
Operating activities:
Net earnings	$ 1,778,000	$ 17,059,000
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation of fixed assets	12,269,000	11,887,000
Amortization of intangibles and deferred costs	679,000	843,000
Share-based compensation	1,244,000	1,299,000
Deferred income taxes	(8,000)	(231,000)
Loss on marketable securities	(681,000)	9,000
Other	(80,000)	14,000
Changes in assets and liabilities net of effects from purchase of companies
Decrease in accounts receivable	13,701,000	10,254,000
Increase in inventories	(5,641,000)	(8,524,000)
(Increase) decrease in prepaid expenses	(889,000)	1,922,000
Decrease in accounts payable and accrued liabilities	(1,068,000)	(963,000)
Net cash provided by operating activities	21,304,000	33,569,000
Investing activities:
Payments for purchases of companies, net of cash acquired	0	(44,970,000)
Purchases of property, plant and equipment	(9,676,000)	(17,605,000)
Purchases of marketable securities	0	(4,000,000)
Proceeds from redemption and sales of marketable securities	26,148,000	18,782,000
Proceeds from disposal of property and equipment	880,000	898,000
Other	15,000	38,000
Net cash provided by (used in) investing activities	17,367,000	(46,857,000)
Financing activities:
Proceeds from issuance of stock	4,390,000	468,000
Payments on finance lease obligations	(86,000)	(86,000)
Payment of cash dividend	(10,876,000)	(9,447,000)
Net cash used in financing activities	(6,572,000)	(9,065,000)
Effect of exchange rate on cash and cash equivalents	427,000	285,000
Net increase (decrease) in cash and cash equivalents	32,526,000	(22,068,000)
Cash and cash equivalents at beginning of period	195,809,000	192,395,000
Cash and cash equivalents at end of period	$ 228,335,000	$ 170,327,000

Note 1

Note 1	3 Months Ended
	Dec. 26, 2020
Notes to Financial Statements
Significant Accounting Policies [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 26, 2020. 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 December 26, 2020 December 28, 2019 not third fourth 2/3 19 19 While we believe that the disclosures presented are adequate to make the information not 10 September 26, 2020.

Note 2

Note 2	3 Months Ended
	Dec. 26, 2020
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	Note 2 Revenue Recognition When Performance Obligations Are Satisfied A performance obligation is a promise in a contract to transfer a distinct good or service to the customer and is the unit of account for revenue recognition. A contract’s transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, the performance obligation is satisfied. The singular performance obligation of our customer contracts for product and machine sales is determined by each individual purchase order and the respective products ordered, with revenue being recognized at a point-in-time when the obligation under the terms of the agreement is satisfied and product control is transferred to our customer. Specifically, control transfers to our customers when the product is delivered to, installed or picked up by our customers based upon applicable shipping terms, as our customers can direct the use and obtain substantially all of the remaining benefits from the product at this point in time. The performance obligations in our customer contracts for product are generally satisfied within 30 The singular performance obligation of our customer contracts for time and material repair and maintenance equipment service is the performance of the repair and maintenance with revenue being recognized at a point-in-time when the repair and maintenance is completed. The singular performance obligation of our customer repair and maintenance equipment service contracts is the performance of the repair and maintenance with revenue being recognized over the time the service is expected to be performed. Our customers are billed for service contracts in advance of performance and therefore we have contract liability on our balance sheet. Significant Payment Terms In general, within our customer contracts, the purchase order identifies the product, quantity, price, pick-up allowances, payment terms and final delivery terms. Although some payment terms may 30 not Shipping All amounts billed to customers related to shipping and handling are classified as revenues; therefore, we recognize revenue for shipping and handling fees at the time the products are shipped or when services are performed. The cost of shipping products to the customer is recognized at the time the products are shipped to the customer and our policy is to classify them as Distribution expenses. Variable Consideration In addition to fixed contract consideration, our contracts include some form of variable consideration, including sales discounts, trade promotions and certain other sales and consumer incentives, including rebates and coupon redemptions. In general, variable consideration is treated as a reduction in revenue when the related revenue is recognized. Depending on the specific type of variable consideration, we use the most likely amount method to determine the variable consideration. We believe there will be no December 26, 2020 September 26, 2020. Warranties & Returns We provide all customers with a standard or assurance type warranty. Either stated or implied, we provide assurance the related products will comply with all agreed-upon specifications and other warranties provided under the law. No We do not may may not Contract Balances Our customers are billed for service contracts in advance of performance and therefore we have contract liability on our balance sheet as follows: Three Months Ended December 26, December 28, 2020 2019 (in thousands) Beginning Balance $ 1,327 $ 1,334 Additions to contract liability 1,744 1,275 Amounts recognized as revenue (1,355 ) (1,515 ) Ending Balance $ 1,716 $ 1,094 Disaggregation of Revenue See Note 9 Allowance for Doubtful Receivables We provide an allowance for doubtful receivables after taking into consideration historical experience and other factors. For the first December 26,2020, 2016 13, Measurement of Credit Losses on Financial Instruments not December 26, 2020 September 26, 2020,

Note 3

Note 3	3 Months Ended
	Dec. 26, 2020
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 2 to 20 years. Depreciation expense was $12,269,000 and $11,887,000 for the three December 26, 2020 December 28, 2019,

Note 4

Note 4	3 Months Ended
	Dec. 26, 2020
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 December 26, 2020 Income Shares Per Share (Numerator) (Denominator) Amount (in thousands, except per share amounts) Basic EPS Net Earnings available to common stockholders $ 1,778 18,935 $ 0.09 Effect of Dilutive Securities Options - 96 - Diluted EPS Net Earnings available to common stockholders plus assumed conversions $ 1,778 19,031 $ 0.09 187,722 anti-dilutive shares have been excluded in the computation of EPS for the three December 26, 2020 Three Months Ended December 28, 2019 Income Shares Per Share (Numerator) (Denominator) Amount (in thousands, except per share amounts) Basic EPS Net Earnings available to common stockholders $ 17,059 18,898 $ 0.90 Effect of Dilutive Securities Options - 246 (0.01 ) Diluted EPS Net Earnings available to common stockholders plus assumed conversions $ 17,059 19,144 $ 0.89 20,000 anti-dilutive shares have been excluded in the computation of EPS for the three December 28, 2019

Note 5

Note 5	3 Months Ended
	Dec. 26, 2020
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	Note 5 At December 26, 2020, three Three months ended December 26, December 28, 2020 2019 (in thousands) Stock Options $ 546 $ 965 Stock purchase plan 278 202 Total share-based compensation $ 824 $ 1,167 The above compensation is net of tax benefits $ 420 $ 132 The fair value of each option grant is estimated on the date of grant using the Black-Scholes options-pricing model. The Company did not 2021 2020 three Expected volatility is based on the historical volatility of the price of our common shares over the past 51 months for 5 10

Note 6

Note 6	3 Months Ended
	Dec. 26, 2020
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 not The total amount of gross unrecognized tax benefits is $360,000 on both December 26, 2020 September 26, 2020, December 26, 2020 September 26, 2020, three four Our effective tax rate for the three December 26, 2020

Note 7

Note 7	3 Months Ended
	Dec. 26, 2020
Notes to Financial Statements
Accounting Standards Update and Change in Accounting Principle [Text Block]	Note 7 In June 2016, 2016 13, Measurement of Credit Losses on Financial Instruments The Company adopted this guidance in the first 2021 2016 13 not three December 26, 2020.

Note 8

Note 8	3 Months Ended
	Dec. 26, 2020
Notes to Financial Statements
Inventory Disclosure [Text Block]	Note 8 Inventories consist of the following: December 26, September 26, 2020 2020 (unaudited) (in thousands) Finished goods $ 40,789 $ 40,184 Raw materials 28,645 24,550 Packaging materials 11,749 10,545 Equipment parts and other 33,699 33,644 Total Inventories $ 114,882 $ 108,923

Note 9

Note 9	3 Months Ended
	Dec. 26, 2020
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. Sales and operating income are key variables monitored by the Chief Operating Decision Makers and management when determining each segment’s and the company’s financial condition and operating performance. 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 December 26, December 28, 2020 2019 (unaudited) (in thousands) Sales to External Customers: Food Service Soft pretzels $ 32,687 $ 49,941 Frozen juices and ices 6,295 7,043 Churros 11,542 16,391 Handhelds 17,611 7,189 Bakery 88,964 96,372 Other 3,326 6,512 Total Food Service $ 160,425 $ 183,448 Retail Supermarket Soft pretzels $ 13,888 $ 9,826 Frozen juices and ices 15,316 10,093 Biscuits 7,660 6,978 Handhelds 2,780 2,761 Coupon redemption (1,075 ) (543 ) Other 525 311 Total Retail Supermarket $ 39,094 $ 29,426 Frozen Beverages Beverages $ 15,855 $ 35,255 Repair and maintenance service 18,896 22,486 Machines revenue 6,489 11,981 Other 238 301 Total Frozen Beverages $ 41,478 $ 70,023 Consolidated Sales $ 240,997 $ 282,897 Depreciation and Amortization: Food Service $ 6,786 $ 6,918 Retail Supermarket 386 359 Frozen Beverages 5,776 5,453 Total Depreciation and Amortization $ 12,948 $ 12,730 Operating Income : Food Service $ 6,180 $ 18,034 Retail Supermarket 4,723 2,217 Frozen Beverages (10,325 ) 1,452 Total Operating Income $ 578 $ 21,703 Capital Expenditures: Food Service $ 8,286 $ 8,403 Retail Supermarket 21 960 Frozen Beverages 1,369 8,242 Total Capital Expenditures $ 9,676 $ 17,605 Assets: Food Service $ 744,277 $ 760,852 Retail Supermarket 31,668 30,963 Frozen Beverages 275,898 304,291 Total Assets $ 1,051,843 $ 1,096,106

Note 10

Note 10	3 Months Ended
	Dec. 26, 2020
Notes to Financial Statements
Goodwill and 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 December 26, 2020 September 26, 2020 December 26, 2020 September 26, 2020 Gross Gross Carrying Accumulated Carrying Accumulated Amount Amortization Amount Amortization (in thousands) FOOD SERVICE Indefinite lived intangible assets Trade names $ 10,408 $ - $ 10,408 $ - Amortized intangible assets Non compete agreements 670 658 670 645 Customer relationships 13,000 5,213 19,737 11,595 License and rights 1,690 1,333 1,690 1,312 TOTAL FOOD SERVICE $ 25,768 $ 7,204 $ 32,505 $ 13,552 RETAIL SUPERMARKETS Indefinite lived intangible assets Trade names $ 12,750 $ - $ 12,750 $ - Amortized Intangible Assets Trade names 676 554 676 519 Customer relationships 7,907 5,338 7,907 5,140 TOTAL RETAIL SUPERMARKETS $ 21,333 $ 5,892 $ 21,333 $ 5,659 FROZEN BEVERAGES Indefinite lived intangible assets Trade names $ 9,315 $ - $ 9,315 $ - Distribution rights 36,100 - 36,100 - Amortized intangible assets Customer relationships 1,439 293 1,439 257 Licenses and rights 1,400 1,019 1,400 1,002 TOTAL FROZEN BEVERAGES $ 48,254 $ 1,312 $ 48,254 $ 1,259 CONSOLIDATED $ 95,355 $ 14,408 $ 102,092 $ 20,470 Fully amortized intangible assets have been removed from the December 26, 2020 Amortizing intangible assets are being amortized by the straight-line method over periods ranging from 2 to 20 years and amortization expense is reflected throughout operating expenses. Aggregate amortization expense of intangible assets for the three December 26, 2020 December 28, 2019 Estimated amortization expense for the next five 2021, 2022, 2023, 2024 2025. Goodwill The carrying amounts of goodwill for the Food Service, Retail Supermarket and Frozen Beverage segments are as follows: Food Service Retail Supermarket Frozen Beverages Total (in thousands) Balance at December 26, 2020 $ 61,189 $ 4,146 $ 56,498 $ 121,833 Balance at September 26, 2020 $ 61,189 $ 4,146 $ 56,498 $ 121,833

Note 11

Note 11	3 Months Ended
	Dec. 26, 2020
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 December 26, 2020 Gross Gross Fair Amortized Unrealized Unrealized Market Cost Gains Losses Value (in thousands) Corporate Bonds 42,881 606 15 43,472 Total marketable securities held to maturity $ 42,881 $ 606 $ 15 $ 43,472 The amortized cost, unrealized gains and losses, and fair market values of our investment securities available for sale at December 26, 2020 Gross Gross Fair Amortized Unrealized Unrealized Market Cost Gains Losses Value (in thousands) Mutual Funds $ 3,588 $ - $ 672 $ 2,916 Preferred Stock 10,751 206 139 10,818 Total marketable securities available for sale $ 14,339 $ 206 $ 811 $ 13,734 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 2021 2025 not not one may 2021 2023, The amortized cost, unrealized gains and losses, and fair market values of our investment securities held to maturity at September 26, 2020 Gross Gross Fair Amortized Unrealized Unrealized Market Cost Gains Losses Value (in thousands) Corporate Bonds 68,078 1,015 32 69,061 Total marketable securities held to maturity $ 68,078 $ 1,015 $ 32 $ 69,061 The amortized cost, unrealized gains and losses, and fair market values of our investment securities available for sale at September 26, 2020 Gross Gross Fair Amortized Unrealized Unrealized Market Cost Gains Losses Value (in thousands) Mutual Funds $ 3,588 $ - $ 738 $ 2,850 Preferred Stock 11,596 116 586 11,126 Total marketable securities available for sale $ 15,184 $ 116 $ 1,324 $ 13,976 The amortized cost and fair value of the Company’s held to maturity securities by contractual maturity at December 26, 2020 September 26, 2020 December 26, 2020 September 26, 2020 Fair Fair Amortized Market Amortized Market Cost Value Cost Value (in thousands) Due in one year or less $ 34,286 $ 34,745 $ 51,151 $ 51,815 Due after one year through five years 8,595 8,727 16,927 17,246 Due after five years through ten years - - - - Total held to maturity securities $ 42,881 $ 43,472 $ 68,078 $ 69,061 Less current portion 34,286 34,745 51,151 51,815 Long term held to maturity securities $ 8,595 $ 8,727 $ 16,927 $ 17,246 Proceeds from the redemption and sale of marketable securities were $26,148,000 in the three December 26, 2020 three December 28, 2019, three December 26, 2020 December 28, 2019, three December 26, 2020 December 28, 2019, Total marketable securities held to maturity as of December 26, 2020 December 31, 2020.

Note 12

Note 12	3 Months Ended
	Dec. 26, 2020
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 December 26, 2020 (unaudited) (in thousands) Foreign Currency Translation Adjustments Total Beginning Balance $ (15,587 ) $ (15,587 ) Other comprehensive income 2,279 2,279 Ending Balance $ (13,308 ) $ (13,308 ) Three Months ended December 28, 2019 (unaudited) (in thousands) Foreign Currency Translation Adjustments Total Beginning Balance $ (12,988 ) $ (12,988 ) Other comprehensive income 810 810 Ending Balance $ (12,178 ) $ (12,178 )

Note 13

Note 13	3 Months Ended
	Dec. 26, 2020
Notes to Financial Statements
Business Combination Disclosure [Text Block]	Note 13 On October 1, 2019, three December 26, 2020. three December 28, 2019. On February 4, 2020, three December 26, 2020. The purchase price allocations for the acquisitions are as follows: (in thousands) ICEE Distributors BAMA ICEE Total Accounts Receivable, net $ 721 $ 71 $ 792 Inventories 866 77 943 Property, plant & equipment, net 4,851 1,722 6,573 Customer Relationships 569 133 702 Distribution Rights 22,400 6,800 29,200 Goodwill 15,773 3,549 19,322 Accounts Payable (210 ) (110 ) (320 ) Purchase Price $ 44,970 $ 12,242 $ 57,212 The goodwill recognized is attributable to the assembled workforce of ICEE Distributors and certain other strategic intangible assets that do not Acquisition costs of $0 and $36,000 are included in other general expense for the three December 26, 2020 December 28, 2019,

Note 14 - Leases

Note 14 - Leases	3 Months Ended
	Dec. 26, 2020
Notes to Financial Statements
Lessee, Leases [Text Block]	Note 14 General Lease Description We have operating leases with initial noncancelable lease terms in excess of one We have finance leases with initial noncancelable lease terms in excess of one Significant Assumptions and Judgments Contract Contains a Lease In evaluating our contracts to determine whether a contract is or contains a lease, we considered the following: • Whether explicitly or implicitly identified assets have been deployed in the contract; and • Whether we obtain substantially all of the economic benefits from the use of that underlying asset, and we can direct how and for what purpose the asset is used during the term of the contract. Allocation of Consideration In determining how to allocate consideration between lease and non-lease components in a contract that was deemed to contain a lease, we used judgment and consistent application of assumptions to reasonably allocate the consideration. Options to Extend or Terminate Leases We have leases which contain options to extend or terminate the leases. On a lease-by-lease basis, we have determined if the extension should be considered reasonably certain to be exercised and thus a right-of-use asset and a lease liability should be recorded. Discount Rate The discount rate for leases, if not We used the discount rate to calculate the present value of the lease liability at the date of adoption. In the development of the discount rate, we considered our incremental borrowing rate as provided by our lender which was based on cash collateral and credit risk specific to us, and our lease portfolio characteristics. As of December 26, 2020, Practical Expedients and Accounting Policy Elections We elected the package of practical expedients that permits us not 12 Amounts Recognized in the Financial Statements The components of lease expense were as follows: Three Months Ended December 26, 2020 (in thousands) Operating lease cost in Cost of goods sold and Operating Expenses $ 1,356 Finance lease cost: Amortization of assets in Cost of goods sold and Operating Expenses 412 Interest on lease liabilities in Interest expense & other 14 Total finance lease cost 426 Short-term lease cost in Cost of goods sold and Operating Expenses - Total net lease cost $ 1,782 Supplemental balance sheet information related to leases is as follows: December 26, 2020 (in thousands) Operating Leases Operating lease right-of-use assets $ 55,989 Current operating lease liabilities $ 12,981 Noncurrent operating lease liabilities 45,641 Total operating lease liabilities $ 58,622 Finance Leases Finance lease right-of-use assets in Property, plant and equipment, net $ 600 Current finance lease liabilities $ 332 Noncurrent finance lease liabilities 299 Total finance lease liabilities $ 631 Supplemental cash flow information related to leases is as follows: Three Months Ended December 26, 2020 (in thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 1,427 Operating cash flows from finance leases $ 86 Financing cash flows from finance leases $ 14 Supplemental noncash information on lease liabilities arising from obtaining right-of-use assets $ 776 Supplemental noncash information on lease liabilities removed due to purchase of leased asset $ - As of December 26, 2020, (in thousands) Operating Leases Finance Leases Nine months ending June 30, 2020 2021 14,484 280 2022 12,205 168 2023 10,362 98 2024 8,093 98 2025 5,217 26 Thereafter 16,172 - Total minimum payments $ 66,533 $ 670 Less amount representing interest (7,911 ) (39 ) Present value of lease obligations $ 58,622 $ 631

Note 2 (Tables)

Note 2 (Tables)	3 Months Ended
	Dec. 26, 2020
Notes Tables
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]	Three Months Ended December 26, December 28, 2020 2019 (in thousands) Beginning Balance $ 1,327 $ 1,334 Additions to contract liability 1,744 1,275 Amounts recognized as revenue (1,355 ) (1,515 ) Ending Balance $ 1,716 $ 1,094

Note 4 (Tables)

Note 4 (Tables)	3 Months Ended
	Dec. 26, 2020
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended December 26, 2020 Income Shares Per Share (Numerator) (Denominator) Amount (in thousands, except per share amounts) Basic EPS Net Earnings available to common stockholders $ 1,778 18,935 $ 0.09 Effect of Dilutive Securities Options - 96 - Diluted EPS Net Earnings available to common stockholders plus assumed conversions $ 1,778 19,031 $ 0.09 Three Months Ended December 28, 2019 Income Shares Per Share (Numerator) (Denominator) Amount (in thousands, except per share amounts) Basic EPS Net Earnings available to common stockholders $ 17,059 18,898 $ 0.90 Effect of Dilutive Securities Options - 246 (0.01 ) Diluted EPS Net Earnings available to common stockholders plus assumed conversions $ 17,059 19,144 $ 0.89

Note 5 (Tables)

Note 5 (Tables)	3 Months Ended
	Dec. 26, 2020
Notes Tables
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]	Three months ended December 26, December 28, 2020 2019 (in thousands) Stock Options $ 546 $ 965 Stock purchase plan 278 202 Total share-based compensation $ 824 $ 1,167 The above compensation is net of tax benefits $ 420 $ 132

Note 8 (Tables)

Note 8 (Tables)	3 Months Ended
	Dec. 26, 2020
Notes Tables
Schedule of Inventory, Current [Table Text Block]	December 26, September 26, 2020 2020 (unaudited) (in thousands) Finished goods $ 40,789 $ 40,184 Raw materials 28,645 24,550 Packaging materials 11,749 10,545 Equipment parts and other 33,699 33,644 Total Inventories $ 114,882 $ 108,923

Note 9 (Tables)

Note 9 (Tables)	3 Months Ended
	Dec. 26, 2020
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three months ended December 26, December 28, 2020 2019 (unaudited) (in thousands) Sales to External Customers: Food Service Soft pretzels $ 32,687 $ 49,941 Frozen juices and ices 6,295 7,043 Churros 11,542 16,391 Handhelds 17,611 7,189 Bakery 88,964 96,372 Other 3,326 6,512 Total Food Service $ 160,425 $ 183,448 Retail Supermarket Soft pretzels $ 13,888 $ 9,826 Frozen juices and ices 15,316 10,093 Biscuits 7,660 6,978 Handhelds 2,780 2,761 Coupon redemption (1,075 ) (543 ) Other 525 311 Total Retail Supermarket $ 39,094 $ 29,426 Frozen Beverages Beverages $ 15,855 $ 35,255 Repair and maintenance service 18,896 22,486 Machines revenue 6,489 11,981 Other 238 301 Total Frozen Beverages $ 41,478 $ 70,023 Consolidated Sales $ 240,997 $ 282,897 Depreciation and Amortization: Food Service $ 6,786 $ 6,918 Retail Supermarket 386 359 Frozen Beverages 5,776 5,453 Total Depreciation and Amortization $ 12,948 $ 12,730 Operating Income : Food Service $ 6,180 $ 18,034 Retail Supermarket 4,723 2,217 Frozen Beverages (10,325 ) 1,452 Total Operating Income $ 578 $ 21,703 Capital Expenditures: Food Service $ 8,286 $ 8,403 Retail Supermarket 21 960 Frozen Beverages 1,369 8,242 Total Capital Expenditures $ 9,676 $ 17,605 Assets: Food Service $ 744,277 $ 760,852 Retail Supermarket 31,668 30,963 Frozen Beverages 275,898 304,291 Total Assets $ 1,051,843 $ 1,096,106

Note 10 (Tables)

Note 10 (Tables)	3 Months Ended
	Dec. 26, 2020
Notes Tables
Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block]	December 26, 2020 September 26, 2020 Gross Gross Carrying Accumulated Carrying Accumulated Amount Amortization Amount Amortization (in thousands) FOOD SERVICE Indefinite lived intangible assets Trade names $ 10,408 $ - $ 10,408 $ - Amortized intangible assets Non compete agreements 670 658 670 645 Customer relationships 13,000 5,213 19,737 11,595 License and rights 1,690 1,333 1,690 1,312 TOTAL FOOD SERVICE $ 25,768 $ 7,204 $ 32,505 $ 13,552 RETAIL SUPERMARKETS Indefinite lived intangible assets Trade names $ 12,750 $ - $ 12,750 $ - Amortized Intangible Assets Trade names 676 554 676 519 Customer relationships 7,907 5,338 7,907 5,140 TOTAL RETAIL SUPERMARKETS $ 21,333 $ 5,892 $ 21,333 $ 5,659 FROZEN BEVERAGES Indefinite lived intangible assets Trade names $ 9,315 $ - $ 9,315 $ - Distribution rights 36,100 - 36,100 - Amortized intangible assets Customer relationships 1,439 293 1,439 257 Licenses and rights 1,400 1,019 1,400 1,002 TOTAL FROZEN BEVERAGES $ 48,254 $ 1,312 $ 48,254 $ 1,259 CONSOLIDATED $ 95,355 $ 14,408 $ 102,092 $ 20,470
Schedule of Goodwill [Table Text Block]	Food Service Retail Supermarket Frozen Beverages Total (in thousands) Balance at December 26, 2020 $ 61,189 $ 4,146 $ 56,498 $ 121,833 Balance at September 26, 2020 $ 61,189 $ 4,146 $ 56,498 $ 121,833

Note 11 (Tables)

Note 11 (Tables)	3 Months Ended
	Dec. 26, 2020
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 42,881 606 15 43,472 Total marketable securities held to maturity $ 42,881 $ 606 $ 15 $ 43,472 Gross Gross Fair Amortized Unrealized Unrealized Market Cost Gains Losses Value (in thousands) Mutual Funds $ 3,588 $ - $ 672 $ 2,916 Preferred Stock 10,751 206 139 10,818 Total marketable securities available for sale $ 14,339 $ 206 $ 811 $ 13,734 Gross Gross Fair Amortized Unrealized Unrealized Market Cost Gains Losses Value (in thousands) Corporate Bonds 68,078 1,015 32 69,061 Total marketable securities held to maturity $ 68,078 $ 1,015 $ 32 $ 69,061 Gross Gross Fair Amortized Unrealized Unrealized Market Cost Gains Losses Value (in thousands) Mutual Funds $ 3,588 $ - $ 738 $ 2,850 Preferred Stock 11,596 116 586 11,126 Total marketable securities available for sale $ 15,184 $ 116 $ 1,324 $ 13,976
Investments Classified by Contractual Maturity Date [Table Text Block]	December 26, 2020 September 26, 2020 Fair Fair Amortized Market Amortized Market Cost Value Cost Value (in thousands) Due in one year or less $ 34,286 $ 34,745 $ 51,151 $ 51,815 Due after one year through five years 8,595 8,727 16,927 17,246 Due after five years through ten years - - - - Total held to maturity securities $ 42,881 $ 43,472 $ 68,078 $ 69,061 Less current portion 34,286 34,745 51,151 51,815 Long term held to maturity securities $ 8,595 $ 8,727 $ 16,927 $ 17,246

Note 12 (Tables)

Note 12 (Tables)	3 Months Ended
	Dec. 26, 2020
Notes Tables
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Three Months ended December 26, 2020 (unaudited) (in thousands) Foreign Currency Translation Adjustments Total Beginning Balance $ (15,587 ) $ (15,587 ) Other comprehensive income 2,279 2,279 Ending Balance $ (13,308 ) $ (13,308 ) Three Months ended December 28, 2019 (unaudited) (in thousands) Foreign Currency Translation Adjustments Total Beginning Balance $ (12,988 ) $ (12,988 ) Other comprehensive income 810 810 Ending Balance $ (12,178 ) $ (12,178 )

Note 13 (Tables)

Note 13 (Tables)	3 Months Ended
	Dec. 26, 2020
Notes Tables
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	(in thousands) ICEE Distributors BAMA ICEE Total Accounts Receivable, net $ 721 $ 71 $ 792 Inventories 866 77 943 Property, plant & equipment, net 4,851 1,722 6,573 Customer Relationships 569 133 702 Distribution Rights 22,400 6,800 29,200 Goodwill 15,773 3,549 19,322 Accounts Payable (210 ) (110 ) (320 ) Purchase Price $ 44,970 $ 12,242 $ 57,212

Note 14 - Leases (Tables)

Note 14 - Leases (Tables)	3 Months Ended
	Dec. 26, 2020
Notes Tables
Lease, Cost [Table Text Block]	Three Months Ended December 26, 2020 (in thousands) Operating lease cost in Cost of goods sold and Operating Expenses $ 1,356 Finance lease cost: Amortization of assets in Cost of goods sold and Operating Expenses 412 Interest on lease liabilities in Interest expense & other 14 Total finance lease cost 426 Short-term lease cost in Cost of goods sold and Operating Expenses - Total net lease cost $ 1,782
Assets and Liabilities, Lessee [Table Text Block]	December 26, 2020 (in thousands) Operating Leases Operating lease right-of-use assets $ 55,989 Current operating lease liabilities $ 12,981 Noncurrent operating lease liabilities 45,641 Total operating lease liabilities $ 58,622 Finance Leases Finance lease right-of-use assets in Property, plant and equipment, net $ 600 Current finance lease liabilities $ 332 Noncurrent finance lease liabilities 299 Total finance lease liabilities $ 631
Lessee, Cash Flow Information [Table Text Block]	Three Months Ended December 26, 2020 (in thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 1,427 Operating cash flows from finance leases $ 86 Financing cash flows from finance leases $ 14 Supplemental noncash information on lease liabilities arising from obtaining right-of-use assets $ 776 Supplemental noncash information on lease liabilities removed due to purchase of leased asset $ -
Lessee, Lease Liability, Maturity [Table Text Block]	(in thousands) Operating Leases Finance Leases Nine months ending June 30, 2020 2021 14,484 280 2022 12,205 168 2023 10,362 98 2024 8,093 98 2025 5,217 26 Thereafter 16,172 - Total minimum payments $ 66,533 $ 670 Less amount representing interest (7,911 ) (39 ) Present value of lease obligations $ 58,622 $ 631

Note 2 (Details Textual)

Note 2 (Details Textual) - USD ($)	Dec. 26, 2020	Sep. 26, 2020
Contract with Customer, Asset, Allowance for Deductions	$ 14,700,000	$ 14,300,000
Accounts Receivable, Allowance for Credit Loss, Ending Balance	$ 1,388,000	$ 1,388,000

Note 2 - Contract Liability (Un

Note 2 - Contract Liability (Unaudited) (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 26, 2020	Dec. 28, 2019
Beginning Balance	$ 1,327	$ 1,334
Additions to contract liability	1,744	1,275
Amounts recognized as revenue	(1,355)	(1,515)
Ending Balance	$ 1,716	$ 1,094

Note 3 (Details Textual)

Note 3 (Details Textual) - USD ($)	3 Months Ended
	Dec. 26, 2020	Dec. 28, 2019
Depreciation, Total	$ 12,269,000	$ 11,887,000
Minimum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	2 years
Maximum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	20 years

Note 4 (Details Textual)

Note 4 (Details Textual) - shares	3 Months Ended
	Dec. 26, 2020	Dec. 28, 2019
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	187,722	20,000

Note 4 - Calculation of EPS (De

Note 4 - Calculation of EPS (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Dec. 26, 2020	Dec. 28, 2019
Net Earnings available to common stockholders	$ 1,778	$ 17,059
Weighted average number of basic shares (in shares)	18,935	18,898
(Loss) earnings per basic share (in dollars per share)	$ 0.09	$ 0.90
Options	$ 0	$ 0
Options (in shares)	96	246
Options, per share (in dollars per share)	$ 0	$ (0.01)
Net Earnings available to common stockholders plus assumed conversions	$ 1,778	$ 17,059
Weighted average number of diluted shares (in shares)	19,031	19,144
(Loss) earnings per diluted share (in dollars per share)	$ 0.09	$ 0.89

Note 5 (Details Textual)

Note 5 (Details Textual) - shares shares in Thousands	3 Months Ended
	Dec. 26, 2020	Dec. 28, 2019
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares)	0	0
Share-based Payment Arrangement, Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term (Month)	51 months
Ten Year Options [Member]
Share Based Compensation Arrangement by Share Based Payment Award Fair Value Assumptions Volatility Calculation Term (Year)	10 years

Note 5 - Summary of Share-based

Note 5 - Summary of Share-based Compensation Expense (Benefit) (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 26, 2020	Dec. 28, 2019
Share-based compensation expense	$ 824	$ 1,167
The above compensation is net of tax benefits	420	132
Share-based Payment Arrangement, Option [Member]
Share-based compensation expense	546	965
Stock Purchase Plan [Member]
Share-based compensation expense	$ 278	$ 202

Note 6 (Details Textual)

Note 6 (Details Textual) - USD ($)	3 Months Ended
	Dec. 26, 2020	Dec. 28, 2019	Sep. 26, 2020
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	$ 360,000		$ 360,000
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued, Total	$ 267,000		$ 267,000
Effective Income Tax Rate Reconciliation, Percent, Total	8.00%	28.00%
Effective Income Tax Rate Reconciliation, Repatriation of Foreign Earnings, Amount	$ 420,000

Note 8 - Summary of Inventories

Note 8 - Summary of Inventories (Details) - USD ($) $ in Thousands	Dec. 26, 2020	Sep. 26, 2020
Finished goods	$ 40,789	$ 40,184
Raw materials	28,645	24,550
Packaging materials	11,749	10,545
Equipment parts and other	33,699	33,644
Total Inventories	$ 114,882	$ 108,923

Note 9 (Details Textual)

Note 9 (Details Textual)	3 Months Ended
	Dec. 26, 2020
Number of Reportable Segments	3

Note 9 - Operations Information

Note 9 - Operations Information by Reporting Segment (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 26, 2020	Dec. 28, 2019	Sep. 26, 2020
Sales	$ 240,997	$ 282,897
Depreciation and amortization	12,948	12,730
Operating income	578	21,703
Capital expenditures	9,676	17,605
Assets	1,051,843	1,096,106	$ 1,056,553
Food Service [Member]
Sales	160,425	183,448
Depreciation and amortization	6,786	6,918
Operating income	6,180	18,034
Capital expenditures	8,286	8,403
Assets	744,277	760,852
Retail Supermarket [Member]
Sales	39,094	29,426
Depreciation and amortization	386	359
Operating income	4,723	2,217
Capital expenditures	21	960
Assets	31,668	30,963
Frozen Beverages [Member]
Sales	41,478	70,023
Depreciation and amortization	5,776	5,453
Operating income	(10,325)	1,452
Capital expenditures	1,369	8,242
Assets	275,898	304,291
Soft Pretzels [Member] | Food Service [Member]
Sales	32,687	49,941
Soft Pretzels [Member] | Retail Supermarket [Member]
Sales	13,888	9,826
Frozen Juices and Ices [Member] | Food Service [Member]
Sales	6,295	7,043
Frozen Juices and Ices [Member] | Retail Supermarket [Member]
Sales	15,316	10,093
Churros [Member] | Food Service [Member]
Sales	11,542	16,391
Handhelds [Member] | Food Service [Member]
Sales	17,611	7,189
Handhelds [Member] | Retail Supermarket [Member]
Sales	2,780	2,761
Bakery [Member] | Food Service [Member]
Sales	88,964	96,372
Other Products [Member] | Food Service [Member]
Sales	3,326	6,512
Other Products [Member] | Retail Supermarket [Member]
Sales	525	311
Other Products [Member] | Frozen Beverages [Member]
Sales	238	301
Biscuits [Member] | Retail Supermarket [Member]
Sales	7,660	6,978
Coupon Redemtion [Member] | Retail Supermarket [Member]
Sales	(1,075)	(543)
Beverage [Member] | Frozen Beverages [Member]
Sales	15,855	35,255
Repair and Maintenance Service [Member] | Frozen Beverages [Member]
Sales	18,896	22,486
Machine Sales [Member] | Frozen Beverages [Member]
Sales	$ 6,489	$ 11,981

Note 10 (Details Textual)

Note 10 (Details Textual)	3 Months Ended
	Dec. 26, 2020USD ($)	Dec. 28, 2019USD ($)
Number of Reportable Segments	3
Amortization of Intangible Assets, Total	$ 679,000	$ 843,000
Finite-Lived Intangible Asset, Expected Amortization, Remainder of Fiscal Year	2,500,000
Finite-Lived Intangible Asset, Expected Amortization, Year One	2,300,000
Finite-Lived Intangible Asset, Expected Amortization, Year Two	2,300,000
Finite-Lived Intangible Asset, Expected Amortization, Year Three	2,000,000
Finite-Lived Intangible Asset, Expected Amortization, Year Four	$ 1,400,000
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life (Year)	10 years 10 months 24 days
Minimum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	2 years
Maximum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	20 years

Note 10 - Intangible Assets by

Note 10 - Intangible Assets by Reporting Segment (Details) - USD ($) $ in Thousands	Dec. 26, 2020	Sep. 26, 2020
Finite-lived intangible assets, accumulated amortization	$ 14,408	$ 20,470
Intangible assets	95,355	102,092
Food Service [Member]
Finite-lived intangible assets, accumulated amortization	7,204	13,552
Intangible assets	25,768	32,505
Food Service [Member] | Noncompete Agreements [Member]
Finite-lived intangible assets, gross	670	670
Finite-lived intangible assets, accumulated amortization	658	645
Food Service [Member] | Customer Relationships [Member]
Finite-lived intangible assets, gross	13,000	19,737
Finite-lived intangible assets, accumulated amortization	5,213	11,595
Food Service [Member] | License and Rights [Member]
Finite-lived intangible assets, gross	1,690	1,690
Finite-lived intangible assets, accumulated amortization	1,333	1,312
Retail Supermarket [Member]
Finite-lived intangible assets, accumulated amortization	5,892	5,659
Intangible assets	21,333	21,333
Retail Supermarket [Member] | Customer Relationships [Member]
Finite-lived intangible assets, gross	7,907	7,907
Finite-lived intangible assets, accumulated amortization	5,338	5,140
Retail Supermarket [Member] | Finite-lived Trade Names [Member]
Finite-lived intangible assets, gross	676	676
Finite-lived intangible assets, accumulated amortization	554	519
Frozen Beverages [Member]
Finite-lived intangible assets, accumulated amortization	1,312	1,259
Intangible assets	48,254	48,254
Frozen Beverages [Member] | Customer Relationships [Member]
Finite-lived intangible assets, gross	1,439	1,439
Finite-lived intangible assets, accumulated amortization	293	257
Frozen Beverages [Member] | License and Rights [Member]
Finite-lived intangible assets, gross	1,400	1,400
Finite-lived intangible assets, accumulated amortization	1,019	1,002
Trade Names [Member] | Food Service [Member]
Indefinite-lived intangible assets, gross	10,408	10,408
Trade Names [Member] | Retail Supermarket [Member]
Indefinite-lived intangible assets, gross	12,750	12,750
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	$ 36,100	$ 36,100

Note 10 - Goodwill by Reporting

Note 10 - Goodwill by Reporting Segment (Details) - USD ($) $ in Thousands	Dec. 26, 2020	Sep. 26, 2020	Feb. 04, 2020
Goodwill	$ 121,833	$ 121,833	$ 19,322
Food Service [Member]
Goodwill	61,189	61,189
Retail Supermarket [Member]
Goodwill	4,146	4,146
Frozen Beverages [Member]
Goodwill	$ 56,498	$ 56,498

Note 11 (Details Textual)

Note 11 (Details Textual) - USD ($)	3 Months Ended
	Dec. 26, 2020	Dec. 28, 2019	Sep. 26, 2020
Debt Securities, Held-to-maturity, Total	$ 42,881,000		$ 68,078,000
Proceeds from Sale and Maturity of Marketable Securities, Total	26,148,000	$ 18,782,000
Marketable Securities, Gain (Loss), Total	(78,000)	(11,000)
Marketable Securities, Unrealized Gain (Loss), Total	603,000	$ 71,000
External Credit Rating, Investment Grade [Member]
Debt Securities, Held-to-maturity, Total	16,866,000
External Credit Rating, Non Investment Grade [Member]
Debt Securities, Held-to-maturity, Total	26,015,000
Corporate Bond Securities [Member]
Debt Securities, Held-to-maturity, Total	$ 41,000,000
Investment Securities Maturity Term (Year)	2 years

Note 11 - Summary of Securities

Note 11 - Summary of Securities (Details) - USD ($) $ in Thousands	Dec. 26, 2020	Sep. 26, 2020
Held-to-maturity securities, amortized cost	$ 42,881	$ 68,078
Held-to-maturity securities, gross unrealized gains	606	1,015
Held-to-maturity securities, gross unrealized losses	15	32
Held-to-maturity securities, fair market value	43,472	69,061
Investment securities, cost	14,339	15,184
Investment securities, gross unrealized gains	206	116
Investment securities, gross unrealized losses	811	1,324
Investment securities, fair market value	13,734	13,976
Corporate Bond Securities [Member]
Held-to-maturity securities, amortized cost	42,881	68,078
Held-to-maturity securities, gross unrealized gains	606	1,015
Held-to-maturity securities, gross unrealized losses	15	32
Held-to-maturity securities, fair market value	43,472	69,061
Mutual Funds [Member]
Investment securities, cost	3,588	3,588
Investment securities, gross unrealized gains	0	0
Investment securities, gross unrealized losses	672	738
Investment securities, fair market value	2,916	2,850
Preferred Stock [Member]
Investment securities, cost	10,751	11,596
Investment securities, gross unrealized gains	206	116
Investment securities, gross unrealized losses	139	586
Investment securities, fair market value	$ 10,818	$ 11,126

Note 11 - Held-to-maturity Secu

Note 11 - Held-to-maturity Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Dec. 26, 2020	Sep. 26, 2020
Due in one year or less, amortized cost	$ 34,286	$ 51,151
Due in one year or less, fair market value	34,745	51,815
Due after one year through five years, amortized cost	8,595	16,927
Due after one year through five years, fair market value	8,727	17,246
Due after five years through ten years, amortized cost	0	0
Due after five years through ten years, fair market value	0	0
Total held to maturity securities, amortized cost	42,881	68,078
Total held to maturity securities, fair market value	43,472	69,061
Less current portion, amortized cost	34,286	51,151
Less current portion, fair market value	34,745	51,815
Long term held to maturity securities, amortized cost	8,595	16,927
Long term held to maturity securities, fair market value	$ 8,727	$ 17,246

Note 12 - Changes to the Compon

Note 12 - Changes to the Components of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 26, 2020	Dec. 29, 2019	Dec. 28, 2019
Balance	$ 809,498	$ 833,751	$ 833,751
Other comprehensive income	2,279	810
Balance	808,289		842,520
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Balance	(15,587)	(12,988)	(12,988)
Other comprehensive income	2,279		810
Balance	(13,308)		(12,178)
AOCI Attributable to Parent [Member]
Balance	(15,587)	$ (12,988)	(12,988)
Other comprehensive income	2,279		810
Balance	$ (13,308)		$ (12,178)

Note 13 (Details Textual)

Note 13 (Details Textual) - USD ($)	Feb. 04, 2020	Oct. 01, 2019	Dec. 26, 2020	Dec. 28, 2019
Operating Income (Loss), Total			$ 578,000	$ 21,703,000
ICEE Distributor [Member]
Minimum Annual Revenues		$ 13,000,000
Revenues, Total			2,100,000	2,500,000
Operating Income (Loss), Total			300,000	500,000
Business Combination, Acquisition Related Costs			0	$ 36,000
BAMA ICEE [Member]
Minimum Annual Revenues	$ 3,500,000
Revenues, Total			400,000
Operating Income (Loss), Total			$ 75,000

Note 13 - Purchase Price Alloca

Note 13 - Purchase Price Allocation for Acquisitions (Details) - USD ($) $ in Thousands	Dec. 26, 2020	Sep. 26, 2020	Feb. 04, 2020	Oct. 01, 2019
Accounts Receivable, net			$ 792
Inventories			943
Property, plant & equipment, net			6,573
Goodwill	$ 121,833	$ 121,833	19,322
Accounts Payable			(320)
Purchase Price			57,212
Distribution Rights [Member]
Indefinite-Lived Intangible Assets			29,200
Customer Relationships [Member]
Finite-Lived Intangible Assets			702
ICEE Distributor [Member]
Accounts Receivable, net				$ 721
Inventories				866
Property, plant & equipment, net				4,851
Goodwill				15,773
Accounts Payable				(210)
Purchase Price				44,970
ICEE Distributor [Member] | Distribution Rights [Member]
Indefinite-Lived Intangible Assets				22,400
ICEE Distributor [Member] | Customer Relationships [Member]
Finite-Lived Intangible Assets				$ 569
BAMA ICEE [Member]
Accounts Receivable, net			71
Inventories			77
Property, plant & equipment, net			1,722
Goodwill			3,549
Accounts Payable			(110)
Purchase Price			12,242
BAMA ICEE [Member] | Distribution Rights [Member]
Indefinite-Lived Intangible Assets			6,800
BAMA ICEE [Member] | Customer Relationships [Member]
Finite-Lived Intangible Assets			$ 133

Note 14 - Leases (Details Textu

Note 14 - Leases (Details Textual)	Dec. 26, 2020
Operating Lease, Weighted Average Discount Rate, Percent	3.30%
Finance Lease, Weighted Average Discount Rate, Percent	3.10%
Minimum [Member]
Lessee, Operating Lease, Remaining Lease Term (Month)	1 month
Lessee, Finance Lease, Remaining Lease Term (Year)	1 year
Maximum [Member]
Lessee, Operating Lease, Remaining Lease Term (Month)	14 years
Lessee, Finance Lease, Remaining Lease Term (Year)	5 years

Note 14 - Leases - Components o

Note 14 - Leases - Components of Lease Expense (Details) $ in Thousands	3 Months Ended
	Dec. 26, 2020USD ($)
Operating lease cost in Cost of goods sold and Operating Expenses	$ 1,356
Amortization of assets in Cost of goods sold and Operating Expenses	412
Interest on lease liabilities in Interest expense & other	14
Total finance lease cost	426
Short-term lease cost in Cost of goods sold and Operating Expenses	0
Total net lease cost	$ 1,782

Note 14 - Leases - Supplemental

Note 14 - Leases - Supplemental Balance Sheet Information Related to Leases (Details) - USD ($) $ in Thousands	Dec. 26, 2020	Sep. 26, 2020
Operating lease right-of-use assets	$ 55,989	$ 58,110
Current operating lease liabilities	12,981	13,173
Noncurrent operating lease liabilities	45,641	47,688
Total operating lease liabilities	58,622
Finance lease right-of-use assets in Property, plant and equipment, net	600
Current finance lease liabilities	332	349
Noncurrent finance lease liabilities	299	$ 368
Total finance lease liabilities	$ 631

Note 14 - Leases - Supplement_2

Note 14 - Leases - Supplemental Cash Flow Information Related to Leases (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 26, 2020	Dec. 28, 2019
Operating cash flows from operating leases	$ 1,427
Operating cash flows from finance leases	86	$ 86
Financing cash flows from finance leases	14
Supplemental noncash information on lease liabilities arising from obtaining right-of-use assets	776
Supplemental noncash information on lease liabilities removed due to purchase of leased asset	$ 0

Note 14 - Leases - Maturities o

Note 14 - Leases - Maturities of Lease Liabilities (Details) $ in Thousands	Dec. 26, 2020USD ($)
2021, operating leases	$ 14,484
2021, finance leases	280
2022, operating leases	12,205
2022, finance leases	168
2023, operating leases	10,362
2023, finance leases	98
2024, operating leases	8,093
2024, finance leases	98
2025, operating leases	5,217
2025, finance leases	26
Thereafter, operating leases	16,172
Thereafter, finance leases	0
Total minimum payments, operating leases	66,533
Total minimum payments, finance leases	670
Less amount representing interest, operating leases	(7,911)
Less amount representing interest, finance leases	(39)
Present value of lease obligations, operating leases	58,622
Present value of lease obligations, finance leases	$ 631