J&J Snack Foods (JJSF) 10-Q 2 Feb 22 2022 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Dec. 25, 2021	Jan. 28, 2022
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	2022
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 25, 2021
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		19,109,667

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Dec. 25, 2021	Sep. 25, 2021
Current assets
Cash and cash equivalents	$ 268,460	$ 283,192
Marketable securities held to maturity	5,506	7,980
Accounts receivable, net	162,585	162,939
Inventories	132,724	123,160
Prepaid expenses and other	6,771	7,498
Total current assets	576,046	584,769
Property, plant and equipment, at cost
Land	2,494	2,494
Buildings	26,582	26,582
Plant machinery and equipment	340,980	343,716
Marketing equipment	260,273	258,624
Transportation equipment	10,514	10,315
Office equipment	34,819	34,648
Improvements	47,595	45,578
Construction in progress	43,253	35,285
Total Property, plant and equipment, at cost	766,510	757,242
Less accumulated depreciation and amortization	495,516	490,055
Property, plant and equipment, net	270,994	267,187
Other assets
Goodwill	121,833	121,833
Other intangible assets, net	77,191	77,776
Marketable securities held to maturity	2,038	4,047
Marketable securities available for sale	7,327	10,084
Operating lease right-of-use assets	54,195	54,555
Other	2,282	1,968
Total other assets	264,866	270,263
Total Assets	1,111,906	1,122,219
Current Liabilities
Current finance lease liabilities	146	182
Accounts payable	91,010	96,789
Accrued insurance liability	15,352	16,260
Accrued liabilities	13,307	10,955
Current operating lease liabilities	13,512	13,395
Accrued compensation expense	12,688	17,968
Dividends payable	12,083	12,080
Total current liabilities	158,098	167,629
Noncurrent finance lease liabilities	354	392
Noncurrent operating lease liabilities	45,970	46,557
Deferred income taxes	61,061	61,578
Other long-term liabilities	425	409
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 19,089,000 and 19,084,000 respectively	75,386	73,597
Accumulated other comprehensive loss	(13,827)	(13,383)
Retained Earnings	784,439	785,440
Total stockholders' equity	845,998	845,654
Total Liabilities and Stockholders' Equity	$ 1,111,906	$ 1,122,219

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Dec. 25, 2021	Sep. 25, 2021
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)	19,089,000	19,084,000
Common stock, shares outstanding (in shares)	19,089,000	19,084,000

Consolidated Statements of Earn

Consolidated Statements of Earnings (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Dec. 25, 2021	Dec. 26, 2020
Net Sales	$ 318,490	$ 240,997
Cost of goods sold	239,115	190,872
Gross Profit	79,375	50,125
Operating expenses
Marketing	20,907	17,301
Distribution	33,315	22,889
Administrative	10,369	9,440
Other general expense	(61)	(83)
Total Operating Expenses	64,530	49,547
Operating Income	14,845	578
Other income (expense)
Investment income	271	1,370
Interest expense & other	(18)	(15)
Earnings before income taxes	15,098	1,933
Income tax expense	4,007	155
NET EARNINGS	$ 11,091	$ 1,778
Earnings per diluted share (in dollars per share)	$ 0.58	$ 0.09
Weighted average number of diluted shares (in shares)	19,153	19,031
Earnings per basic share (in dollars per share)	$ 0.58	$ 0.09
Weighted average number of basic shares (in shares)	19,085	18,935

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Dec. 25, 2021	Dec. 26, 2020
Net Earnings	$ 11,091	$ 1,778
Foreign currency translation adjustments	(444)	2,279
Total other comprehensive (loss) income	(444)	2,279
Comprehensive Income	$ 10,647	$ 4,057

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. 26, 2020	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
Balance at Dec. 26, 2020	$ 54,902	(13,308)	766,695	$ 808,289
Balance (in shares) at Sep. 25, 2021	19,084,000			19,084,000
Balance at Sep. 25, 2021	$ 73,597	(13,383)	785,440	$ 845,654
Issuance of common stock upon exercise of stock options (in shares)	5,000
Issuance of common stock upon exercise of stock options	$ 706	0	0	706
Foreign currency translation adjustment	0	(444)	0	(444)
Dividends declared	0	0	(12,092)	(12,092)
Share-based compensation	1,083	0	0	1,083
Net earnings	$ 0	0	11,091	$ 11,091
Balance (in shares) at Dec. 25, 2021	19,089,000			19,089,000
Balance at Dec. 25, 2021	$ 75,386	$ (13,827)	$ 784,439	$ 845,998

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Dec. 25, 2021	Dec. 26, 2020
Operating activities:
Net earnings	$ 11,091,000	$ 1,778,000
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation of fixed assets	11,923,000	12,269,000
Amortization of intangibles and deferred costs	588,000	679,000
Gains from disposals of property & equipment	(27,000)	0
Share-based compensation	1,083,000	1,244,000
Deferred income taxes	(529,000)	(8,000)
Loss (gain) on marketable securities	44,000	(681,000)
Other	(4,000)	(80,000)
Changes in assets and liabilities net of effects from purchase of companies
Decrease in accounts receivable	231,000	13,701,000
Increase in inventories	(9,958,000)	(5,641,000)
Decrease (increase) in prepaid expenses	719,000	(889,000)
Decrease in accounts payable and accrued liabilities	(9,707,000)	(1,068,000)
Net cash provided by operating activities	5,454,000	21,304,000
Investing activities:
Purchases of property, plant and equipment	(16,100,000)	(9,676,000)
Proceeds from redemption and sales of marketable securities	7,200,000	26,148,000
Proceeds from disposal of property and equipment	231,000	880,000
Other	0	15,000
Net cash provided by (used in) investing activities	(8,669,000)	17,367,000
Financing activities:
Proceeds from issuance of stock	706,000	4,390,000
Payments on finance lease obligations	(74,000)	(86,000)
Payment of cash dividend	(12,080,000)	(10,876,000)
Net cash used in financing activities	(11,448,000)	(6,572,000)
Effect of exchange rate on cash and cash equivalents	(69,000)	427,000
Net increase (decrease) in cash and cash equivalents	(14,732,000)	32,526,000
Cash and cash equivalents at beginning of period	283,192,000	195,809,000
Cash and cash equivalents at end of period	$ 268,460,000	$ 228,335,000

Note 1

Note 1	3 Months Ended
	Dec. 25, 2021
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure and 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 25, 2021. 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 25, 2021 December 26, 2020 not third fourth 2/3 19 . 19 While we believe that the disclosures presented are adequate to make the information not 10 September 25, 2021.

Note 2

Note 2	3 Months Ended
	Dec. 25, 2021
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 recorded within Accrued liabilities 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 25, 2021 September 25, 2021. 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 25, December 26, 2021 2020 (in thousands) Beginning Balance $ 1,097 $ 1,327 Additions to contract liability 1,199 1,744 Amounts recognized as revenue (1,266 ) (1,355 ) Ending Balance $ 1,030 $ 1,716 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. On September 27, 2020, 2016 13, Measurement of Credit Losses on Financial Instruments not December 25, 2021 September 25, 2021,

Note 3

Note 3	3 Months Ended
	Dec. 25, 2021
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 $11,923,000 and $12,269,000 for the three December 25, 2021 December 26, 2020,

Note 4

Note 4	3 Months Ended
	Dec. 25, 2021
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 25, 2021 Income Shares Per Share (Numerator) (Denominator) Amount (in thousands, except per share amounts) Basic EPS Net Earnings available to common stockholders $ 11,091 19,085 $ 0.58 Effect of Dilutive Securities Options - 68 - Diluted EPS Net Earnings available to common stockholders plus assumed conversions $ 11,091 19,153 $ 0.58 318,172 anti-dilutive shares have been excluded in the computation of EPS for the three December 25, 2021. 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.

Note 5

Note 5	3 Months Ended
	Dec. 25, 2021
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	Note 5 At December 25, 2021, three Three months ended December 25, December 26, 2021 2020 (in thousands) Stock Options $ 814 $ 546 Stock purchase plan 60 278 Stock issued to an outside director 11 - Restricted stock units issued to employees 72 - Performance stock units issued to employees 39 - Total share-based compensation $ 996 $ 824 The above compensation is net of tax benefits $ 87 $ 420 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 2022 2021 three During the fiscal year 2022 three one 2021 three During the fiscal year 2022 three may two 2021 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. 25, 2021
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 $343,000 on both December 25, 2021 September 25, 2021, December 25, 2021 September 25, 2021, In addition to our federal tax return and tax returns for Mexico and Canada, we file tax returns in all states that have a corporate income tax with virtually all open for examination for three four Our effective tax rate for the three December 25, 2021

Note 7

Note 7	3 Months Ended
	Dec. 25, 2021
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

Note 8

Note 8	3 Months Ended
	Dec. 25, 2021
Notes to Financial Statements
Inventory Disclosure [Text Block]	Note 8 Inventories consist of the following: December 25, September 25, 2021 2021 (unaudited) (in thousands) Finished goods $ 53,734 $ 49,756 Raw materials 33,153 29,529 Packaging materials 13,172 11,168 Equipment parts and other 32,665 32,707 Total Inventories $ 132,724 $ 123,160

Note 9

Note 9	3 Months Ended
	Dec. 25, 2021
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 segment are soft pretzels, frozen novelties, churros, handheld products and baked goods. Our customers in the food service segment include snack bars and food stands in chain, department and discount stores; malls and shopping centers; casual dining restaurants, 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 novelties 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 handheld products. Within the retail supermarket channel, our frozen and prepackaged products are purchased by the consumer for consumption at home. Frozen Beverages The Company markets frozen beverages primarily under the names ICEE, SLUSH PUPPIE and PARROT ICE which are sold primarily 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, Retail Supermarkets and Frozen Beverages reviews monthly 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 Maker and management when determining each segment’s and the Company’s financial condition and operating performance. In addition, the Chief Operating Decision Maker reviews and evaluates 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 25, December 26, 2021 2020 (unaudited) (in thousands) Sales to External Customers: Food Service Soft pretzels $ 50,421 $ 32,687 Frozen novelties 8,457 6,295 Churros 19,489 11,542 Handhelds 18,495 17,611 Bakery 107,831 88,964 Other 7,039 3,326 Total Food Service $ 211,732 $ 160,425 Retail Supermarket Soft pretzels $ 16,194 $ 13,888 Frozen novelties 17,802 15,316 Biscuits 8,271 7,660 Handhelds 1,276 2,780 Coupon redemption (896 ) (1,075 ) Other 48 525 Total Retail Supermarket $ 42,695 $ 39,094 Frozen Beverages Beverages $ 33,763 $ 15,855 Repair and maintenance service 22,011 18,896 Machines revenue 7,847 6,489 Other 442 238 Total Frozen Beverages $ 64,063 $ 41,478 Consolidated Sales $ 318,490 $ 240,997 Depreciation and Amortization: Food Service $ 6,669 $ 6,786 Retail Supermarket 366 386 Frozen Beverages 5,476 5,776 Total Depreciation and Amortization $ 12,511 $ 12,948 Operating Income : Food Service $ 9,001 $ 6,180 Retail Supermarket 4,984 4,723 Frozen Beverages 860 (10,325 ) Total Operating Income $ 14,845 $ 578 Capital Expenditures: Food Service $ 10,233 $ 8,286 Retail Supermarket 2,529 21 Frozen Beverages 3,338 1,369 Total Capital Expenditures $ 16,100 $ 9,676 Assets: Food Service $ 794,819 $ 744,277 Retail Supermarket 29,802 31,668 Frozen Beverages 287,285 275,898 Total Assets $ 1,111,906 $ 1,051,843

Note 10

Note 10	3 Months Ended
	Dec. 25, 2021
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	Note 10 Our three reporting units, which are also reportable segments, are Food Service, Retail Supermarkets and Frozen Beverages. The carrying amounts of acquired intangible assets for the Food Service, Retail Supermarkets and Frozen Beverage segments as of December 25, 2021 September 25, 2021 December 25, 2021 September 25, 2021 Gross Gross Carrying Accumulated Carrying Accumulated Amount Amortization Amount Amortization (in thousands) FOOD SERVICE Indefinite lived intangible assets Trade names $ 9,596 $ - $ 10,408 $ 812 Amortized intangible assets Non compete agreements 670 670 670 670 Customer relationships 13,000 6,513 13,000 6,188 License and rights 1,690 1,418 1,690 1,396 TOTAL FOOD SERVICE $ 24,956 $ 8,601 $ 25,768 $ 9,066 RETAIL SUPERMARKETS Indefinite lived intangible assets Trade names $ 12,316 $ - $ 12,777 $ 461 Amortized Intangible Assets Trade names 649 649 649 649 Customer relationships 7,907 6,115 7,907 5,931 TOTAL RETAIL SUPERMARKETS $ 20,872 $ 6,764 $ 21,333 $ 7,041 FROZEN BEVERAGES Indefinite lived intangible assets Trade names $ 9,315 $ - $ 9,315 $ - Distribution rights 36,100 - 36,100 - Amortized intangible assets Customer relationships 1,439 437 1,439 400 Licenses and rights 1,400 1,089 1,400 1,072 TOTAL FROZEN BEVERAGES $ 48,254 $ 1,526 $ 48,254 $ 1,472 CONSOLIDATED $ 94,082 $ 16,891 $ 95,355 $ 17,579 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 25, 2021 December 26, 2020 Estimated amortization expense for the next five 2022, 2023, 2024, 2025 2026. 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 25, 2021 $ 61,189 $ 4,146 $ 56,498 $ 121,833 Balance at September 25, 2021 $ 61,189 $ 4,146 $ 56,498 $ 121,833

Note 11

Note 11	3 Months Ended
	Dec. 25, 2021
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 25, 2021 Gross Gross Fair Amortized Unrealized Unrealized Market Cost Gains Losses Value (in thousands) Corporate Bonds $ 7,544 $ 49 $ 21 $ 7,572 Total marketable securities held to maturity $ 7,544 $ 49 $ 21 $ 7,572 The amortized cost, unrealized gains and losses, and fair market values of our investment securities available for sale at December 25, 2021 Gross Gross Fair Amortized Unrealized Unrealized Market Cost Gains Losses Value (in thousands) Mutual Funds $ 3,588 $ - $ 547 $ 3,041 Preferred Stock 4,139 155 8 4,286 Total marketable securities available for sale $ 7,727 $ 155 $ 555 $ 7,327 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 2025 not not one may 2022 2023, The amortized cost, unrealized gains and losses, and fair market values of our investment securities held to maturity at September 25, 2021 Gross Gross Fair Amortized Unrealized Unrealized Market Cost Gains Losses Value (in thousands) Corporate Bonds $ 12,027 $ 123 $ 18 $ 12,132 Total marketable securities held to maturity $ 12,027 $ 123 $ 18 $ 12,132 The amortized cost, unrealized gains and losses, and fair market values of our investment securities available for sale at September 25, 2021 Gross Gross Fair Amortized Unrealized Unrealized Market Cost Gains Losses Value (in thousands) Mutual Funds $ 3,588 $ - $ 536 $ 3,052 Preferred Stock 6,892 175 35 7,032 Total marketable securities available for sale $ 10,480 $ 175 $ 571 $ 10,084 The amortized cost and fair value of the Company’s held to maturity securities by contractual maturity at December 25, 2021 September 25, 2021 December 25, 2021 September 25, 2021 Fair Fair Amortized Market Amortized Market Cost Value Cost Value (in thousands) Due in one year or less $ 5,506 $ 5,520 $ 7,980 $ 8,080 Due after one year through five years 2,038 2,052 4,047 4,052 Due after five years through ten years - - - - Total held to maturity securities $ 7,544 $ 7,572 $ 12,027 $ 12,132 Less current portion 5,506 5,520 7,980 8,080 Long term held to maturity securities $ 2,038 $ 2,052 $ 4,047 $ 4,052 Proceeds from the redemption and sale of marketable securities were $7,200,000 in the three December 25, 2021, three December 26, 2020, three December 25, 2021 December 26, 2020, three December 25, 2021 December 26, 2020, Total marketable securities held to maturity as of December 25, 2021 December 31, 2021.

Note 12

Note 12	3 Months Ended
	Dec. 25, 2021
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 25, 2021 (unaudited) (in thousands) Foreign Currency Translation Adjustments Beginning Balance $ (13,383 ) Other comprehensive income (444 ) Ending Balance $ (13,827 ) Three Months ended December 26, 2020 (unaudited) (in thousands) Foreign Currency Translation Adjustments Beginning Balance $ (15,587 ) Other comprehensive income 2,279 Ending Balance $ (13,308 )

Note 13 - Leases

Note 13 - Leases	3 Months Ended
	Dec. 25, 2021
Notes to Financial Statements
Lessee, Leases [Text Block]	Note 13 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 25, 2021, 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 Three Months Ended December 25, 2021 December 26, 2020 (in thousands) (in thousands) Operating lease cost in Cost of goods sold and Operating Expenses $ 1,458 $ 1,356 Finance lease cost: Amortization of assets in Cost of goods sold and Operating Expenses 72 412 Interest on lease liabilities in Interest expense & other 5 14 Total finance lease cost 77 426 Short-term lease cost in Cost of goods sold and Operating Expenses - - Total net lease cost $ 1,535 $ 1,782 Supplemental balance sheet information related to leases is as follows: December 25, 2021 September 25, 2021 (in thousands) (in thousands) Operating Leases Operating lease right-of-use assets $ 54,195 $ 54,555 Current operating lease liabilities $ 13,512 $ 13,395 Noncurrent operating lease liabilities 45,970 46,557 Total operating lease liabilities $ 59,482 $ 59,952 Finance Leases Finance lease right-of-use assets in Property, plant and equipment, net $ 171 $ 561 Current finance lease liabilities $ 146 $ 182 Noncurrent finance lease liabilities 354 392 Total finance lease liabilities $ 500 $ 574 Supplemental cash flow information related to leases is as follows: Three Months Ended Three Months Ended December 25, 2021 December 26, 2020 (in thousands) (in thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 1,534 $ 1,427 Operating cash flows from finance leases $ 5 $ 86 Financing cash flows from finance leases $ 74 $ 14 Supplemental noncash information on lease liabilities arising from obtaining right-of-use assets $ 1,143 $ 776 Supplemental noncash information on lease liabilities removed due to purchase of leased asset $ - $ - As of December 25, 2021, (in thousands) Operating Leases Finance Leases Nine months ending September 24, 2022 $ 11,600 $ 134 2023 13,520 136 2024 10,716 136 2025 7,478 65 2026 5,108 39 Thereafter 18,079 29 Total minimum payments $ 66,501 $ 540 Less amount representing interest (7,018 ) (40 ) Present value of lease obligations $ 59,482 $ 500 As of December 25, 2021

Note 2 (Tables)

Note 2 (Tables)	3 Months Ended
	Dec. 25, 2021
Notes Tables
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]	Three Months Ended December 25, December 26, 2021 2020 (in thousands) Beginning Balance $ 1,097 $ 1,327 Additions to contract liability 1,199 1,744 Amounts recognized as revenue (1,266 ) (1,355 ) Ending Balance $ 1,030 $ 1,716

Note 4 (Tables)

Note 4 (Tables)	3 Months Ended
	Dec. 25, 2021
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended December 25, 2021 Income Shares Per Share (Numerator) (Denominator) Amount (in thousands, except per share amounts) Basic EPS Net Earnings available to common stockholders $ 11,091 19,085 $ 0.58 Effect of Dilutive Securities Options - 68 - Diluted EPS Net Earnings available to common stockholders plus assumed conversions $ 11,091 19,153 $ 0.58 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

Note 5 (Tables)

Note 5 (Tables)	3 Months Ended
	Dec. 25, 2021
Notes Tables
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]	Three months ended December 25, December 26, 2021 2020 (in thousands) Stock Options $ 814 $ 546 Stock purchase plan 60 278 Stock issued to an outside director 11 - Restricted stock units issued to employees 72 - Performance stock units issued to employees 39 - Total share-based compensation $ 996 $ 824 The above compensation is net of tax benefits $ 87 $ 420

Note 8 (Tables)

Note 8 (Tables)	3 Months Ended
	Dec. 25, 2021
Notes Tables
Schedule of Inventory, Current [Table Text Block]	December 25, September 25, 2021 2021 (unaudited) (in thousands) Finished goods $ 53,734 $ 49,756 Raw materials 33,153 29,529 Packaging materials 13,172 11,168 Equipment parts and other 32,665 32,707 Total Inventories $ 132,724 $ 123,160

Note 9 (Tables)

Note 9 (Tables)	3 Months Ended
	Dec. 25, 2021
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three months ended December 25, December 26, 2021 2020 (unaudited) (in thousands) Sales to External Customers: Food Service Soft pretzels $ 50,421 $ 32,687 Frozen novelties 8,457 6,295 Churros 19,489 11,542 Handhelds 18,495 17,611 Bakery 107,831 88,964 Other 7,039 3,326 Total Food Service $ 211,732 $ 160,425 Retail Supermarket Soft pretzels $ 16,194 $ 13,888 Frozen novelties 17,802 15,316 Biscuits 8,271 7,660 Handhelds 1,276 2,780 Coupon redemption (896 ) (1,075 ) Other 48 525 Total Retail Supermarket $ 42,695 $ 39,094 Frozen Beverages Beverages $ 33,763 $ 15,855 Repair and maintenance service 22,011 18,896 Machines revenue 7,847 6,489 Other 442 238 Total Frozen Beverages $ 64,063 $ 41,478 Consolidated Sales $ 318,490 $ 240,997 Depreciation and Amortization: Food Service $ 6,669 $ 6,786 Retail Supermarket 366 386 Frozen Beverages 5,476 5,776 Total Depreciation and Amortization $ 12,511 $ 12,948 Operating Income : Food Service $ 9,001 $ 6,180 Retail Supermarket 4,984 4,723 Frozen Beverages 860 (10,325 ) Total Operating Income $ 14,845 $ 578 Capital Expenditures: Food Service $ 10,233 $ 8,286 Retail Supermarket 2,529 21 Frozen Beverages 3,338 1,369 Total Capital Expenditures $ 16,100 $ 9,676 Assets: Food Service $ 794,819 $ 744,277 Retail Supermarket 29,802 31,668 Frozen Beverages 287,285 275,898 Total Assets $ 1,111,906 $ 1,051,843

Note 10 (Tables)

Note 10 (Tables)	3 Months Ended
	Dec. 25, 2021
Notes Tables
Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block]	December 25, 2021 September 25, 2021 Gross Gross Carrying Accumulated Carrying Accumulated Amount Amortization Amount Amortization (in thousands) FOOD SERVICE Indefinite lived intangible assets Trade names $ 9,596 $ - $ 10,408 $ 812 Amortized intangible assets Non compete agreements 670 670 670 670 Customer relationships 13,000 6,513 13,000 6,188 License and rights 1,690 1,418 1,690 1,396 TOTAL FOOD SERVICE $ 24,956 $ 8,601 $ 25,768 $ 9,066 RETAIL SUPERMARKETS Indefinite lived intangible assets Trade names $ 12,316 $ - $ 12,777 $ 461 Amortized Intangible Assets Trade names 649 649 649 649 Customer relationships 7,907 6,115 7,907 5,931 TOTAL RETAIL SUPERMARKETS $ 20,872 $ 6,764 $ 21,333 $ 7,041 FROZEN BEVERAGES Indefinite lived intangible assets Trade names $ 9,315 $ - $ 9,315 $ - Distribution rights 36,100 - 36,100 - Amortized intangible assets Customer relationships 1,439 437 1,439 400 Licenses and rights 1,400 1,089 1,400 1,072 TOTAL FROZEN BEVERAGES $ 48,254 $ 1,526 $ 48,254 $ 1,472 CONSOLIDATED $ 94,082 $ 16,891 $ 95,355 $ 17,579
Schedule of Goodwill [Table Text Block]	Food Service Retail Supermarket Frozen Beverages Total (in thousands) Balance at December 25, 2021 $ 61,189 $ 4,146 $ 56,498 $ 121,833 Balance at September 25, 2021 $ 61,189 $ 4,146 $ 56,498 $ 121,833

Note 11 (Tables)

Note 11 (Tables)	3 Months Ended
	Dec. 25, 2021
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 $ 7,544 $ 49 $ 21 $ 7,572 Total marketable securities held to maturity $ 7,544 $ 49 $ 21 $ 7,572 Gross Gross Fair Amortized Unrealized Unrealized Market Cost Gains Losses Value (in thousands) Mutual Funds $ 3,588 $ - $ 547 $ 3,041 Preferred Stock 4,139 155 8 4,286 Total marketable securities available for sale $ 7,727 $ 155 $ 555 $ 7,327 Gross Gross Fair Amortized Unrealized Unrealized Market Cost Gains Losses Value (in thousands) Corporate Bonds $ 12,027 $ 123 $ 18 $ 12,132 Total marketable securities held to maturity $ 12,027 $ 123 $ 18 $ 12,132 Gross Gross Fair Amortized Unrealized Unrealized Market Cost Gains Losses Value (in thousands) Mutual Funds $ 3,588 $ - $ 536 $ 3,052 Preferred Stock 6,892 175 35 7,032 Total marketable securities available for sale $ 10,480 $ 175 $ 571 $ 10,084
Investments Classified by Contractual Maturity Date [Table Text Block]	December 25, 2021 September 25, 2021 Fair Fair Amortized Market Amortized Market Cost Value Cost Value (in thousands) Due in one year or less $ 5,506 $ 5,520 $ 7,980 $ 8,080 Due after one year through five years 2,038 2,052 4,047 4,052 Due after five years through ten years - - - - Total held to maturity securities $ 7,544 $ 7,572 $ 12,027 $ 12,132 Less current portion 5,506 5,520 7,980 8,080 Long term held to maturity securities $ 2,038 $ 2,052 $ 4,047 $ 4,052

Note 12 (Tables)

Note 12 (Tables)	3 Months Ended
	Dec. 25, 2021
Notes Tables
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Three Months ended December 25, 2021 (unaudited) (in thousands) Foreign Currency Translation Adjustments Beginning Balance $ (13,383 ) Other comprehensive income (444 ) Ending Balance $ (13,827 ) Three Months ended December 26, 2020 (unaudited) (in thousands) Foreign Currency Translation Adjustments Beginning Balance $ (15,587 ) Other comprehensive income 2,279 Ending Balance $ (13,308 )

Note 13 - Leases (Tables)

Note 13 - Leases (Tables)	3 Months Ended
	Dec. 25, 2021
Notes Tables
Lease, Cost [Table Text Block]	Three Months Ended Three Months Ended December 25, 2021 December 26, 2020 (in thousands) (in thousands) Operating lease cost in Cost of goods sold and Operating Expenses $ 1,458 $ 1,356 Finance lease cost: Amortization of assets in Cost of goods sold and Operating Expenses 72 412 Interest on lease liabilities in Interest expense & other 5 14 Total finance lease cost 77 426 Short-term lease cost in Cost of goods sold and Operating Expenses - - Total net lease cost $ 1,535 $ 1,782
Assets and Liabilities, Lessee [Table Text Block]	December 25, 2021 September 25, 2021 (in thousands) (in thousands) Operating Leases Operating lease right-of-use assets $ 54,195 $ 54,555 Current operating lease liabilities $ 13,512 $ 13,395 Noncurrent operating lease liabilities 45,970 46,557 Total operating lease liabilities $ 59,482 $ 59,952 Finance Leases Finance lease right-of-use assets in Property, plant and equipment, net $ 171 $ 561 Current finance lease liabilities $ 146 $ 182 Noncurrent finance lease liabilities 354 392 Total finance lease liabilities $ 500 $ 574
Lessee, Cash Flow Information [Table Text Block]	Three Months Ended Three Months Ended December 25, 2021 December 26, 2020 (in thousands) (in thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 1,534 $ 1,427 Operating cash flows from finance leases $ 5 $ 86 Financing cash flows from finance leases $ 74 $ 14 Supplemental noncash information on lease liabilities arising from obtaining right-of-use assets $ 1,143 $ 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 September 24, 2022 $ 11,600 $ 134 2023 13,520 136 2024 10,716 136 2025 7,478 65 2026 5,108 39 Thereafter 18,079 29 Total minimum payments $ 66,501 $ 540 Less amount representing interest (7,018 ) (40 ) Present value of lease obligations $ 59,482 $ 500

Note 2 (Details Textual)

Note 2 (Details Textual) - USD ($)	Dec. 25, 2021	Sep. 25, 2021
Contract with Customer, Asset, Allowance for Deductions	$ 13,900,000	$ 14,600,000
Accounts Receivable, Allowance for Credit Loss, Ending Balance	$ 1,377,000	$ 1,405,000

Note 2 - Contract Liability (De

Note 2 - Contract Liability (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 25, 2021	Dec. 26, 2020
Beginning Balance	$ 1,097	$ 1,327
Additions to contract liability	1,199	1,744
Amounts recognized as revenue	(1,266)	(1,355)
Ending Balance	$ 1,030	$ 1,716

Note 3 (Details Textual)

Note 3 (Details Textual) - USD ($)	3 Months Ended
	Dec. 25, 2021	Dec. 26, 2020
Depreciation, Total	$ 11,923,000	$ 12,269,000
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. 25, 2021	Dec. 26, 2020
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	318,172	187,722

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. 25, 2021	Dec. 26, 2020
Net earnings available to common stockholders	$ 11,091	$ 1,778
Weighted average number of basic shares (in shares)	19,085	18,935
Earnings (loss) per basic share (in dollars per share)	$ 0.58	$ 0.09
Options	$ 0	$ 0
Options, shares (in shares)	68	96
Options, per share (in dollars per share)	$ 0	$ 0
Net earnings available to common stockholders plus assumed conversions	$ 11,091	$ 1,778
Weighted average number of diluted shares (in shares)	19,153	19,031
Earnings (loss) per diluted share (in dollars per share)	$ 0.58	$ 0.09

Note 5 (Details Textual)

Note 5 (Details Textual) - shares	3 Months Ended
	Dec. 25, 2021	Dec. 26, 2020	Dec. 25, 2020
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares)	0	0
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term (Month)	51 months
Share Based Compensation Arrangement by Share Based Payment Award Fair Value Assumptions Volatility Calculation Term (Year)	10 years
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period (in shares)	8,873		0
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period (in shares)	8,868		0

Note 5 - Summary of Share-based

Note 5 - Summary of Share-based Compensation Expense (Benefit) (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 25, 2021	Dec. 26, 2020
Share-based compensation	$ 996	$ 824
The above compensation is net of tax benefits	87	420
Share-based Payment Arrangement, Option [Member]
Share-based compensation	814	546
Stock Purchase Plan [Member]
Share-based compensation	60	278
Stock Issued to Outside Directors [Member]
Share-based compensation	11	0
Restricted Stock Units (RSUs) [Member]
Share-based compensation	72	0
Performance Shares [Member]
Share-based compensation	$ 39	$ 0

Note 6 (Details Textual)

Note 6 (Details Textual) - USD ($)	3 Months Ended
	Dec. 25, 2021	Sep. 25, 2021
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	$ 343,000	$ 343,000
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued, Total	$ 267,000	$ 267,000
Effective Income Tax Rate Reconciliation, Percent, Total (Rate)	27.00%	8.00%
Effective Income Tax Rate Reconciliation, Tax Expense (Benefit), Share-based Payment Arrangement, Amount		$ 420,000

Note 8 - Inventories - Summary

Note 8 - Inventories - Summary of Inventories (Details) - USD ($) $ in Thousands	Dec. 25, 2021	Sep. 25, 2021
Finished goods	$ 53,734	$ 49,756
Raw materials	33,153	29,529
Packaging materials	13,172	11,168
Equipment parts and other	32,665	32,707
Total Inventories	$ 132,724	$ 123,160

Note 9 (Details Textual)

Note 9 (Details Textual)	3 Months Ended
	Dec. 25, 2021
Number of Reportable Segments	3

Note 9 - Segment Reporting - Op

Note 9 - Segment Reporting - Operations Information by Reporting Segment (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 25, 2021	Dec. 26, 2020	Sep. 25, 2021
Sales	$ 318,490	$ 240,997
Depreciation and amortization	12,511	12,948
Operating income	14,845	578
Capital expenditures	16,100	9,676
Assets	1,111,906	1,051,843	$ 1,122,219
Food Service [Member]
Sales	211,732	160,425
Depreciation and amortization	6,669	6,786
Operating income	9,001	6,180
Capital expenditures	10,233	8,286
Assets	794,819	744,277
Retail Supermarket [Member]
Sales	42,695	39,094
Depreciation and amortization	366	386
Operating income	4,984	4,723
Capital expenditures	2,529	21
Assets	29,802	31,668
Frozen Beverages [Member]
Sales	64,063	41,478
Depreciation and amortization	5,476	5,776
Operating income	860	(10,325)
Capital expenditures	3,338	1,369
Assets	287,285	275,898
Soft Pretzels [Member] | Food Service [Member]
Sales	50,421	32,687
Soft Pretzels [Member] | Retail Supermarket [Member]
Sales	16,194	13,888
Frozen Juices and Ices [Member] | Food Service [Member]
Sales	8,457	6,295
Frozen Juices and Ices [Member] | Retail Supermarket [Member]
Sales	17,802	15,316
Churros [Member] | Food Service [Member]
Sales	19,489	11,542
Handhelds [Member] | Food Service [Member]
Sales	18,495	17,611
Handhelds [Member] | Retail Supermarket [Member]
Sales	1,276	2,780
Bakery [Member] | Food Service [Member]
Sales	107,831	88,964
Other Products [Member] | Food Service [Member]
Sales	7,039	3,326
Other Products [Member] | Retail Supermarket [Member]
Sales	48	525
Other Products [Member] | Frozen Beverages [Member]
Sales	442	238
Biscuits [Member] | Retail Supermarket [Member]
Sales	8,271	7,660
Coupon Redemtion [Member] | Retail Supermarket [Member]
Sales	(896)	(1,075)
Beverage [Member] | Frozen Beverages [Member]
Sales	33,763	15,855
Repair and Maintenance Service [Member] | Frozen Beverages [Member]
Sales	22,011	18,896
Machine Sales [Member] | Frozen Beverages [Member]
Sales	$ 7,847	$ 6,489

Note 10 (Details Textual)

Note 10 (Details Textual)	3 Months Ended
	Dec. 25, 2021USD ($)	Dec. 26, 2020USD ($)
Number of Reportable Segments	3
Amortization of Intangible Assets, Total	$ 588,000	$ 679,000
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
Finite-Lived Intangible Asset, Expected Amortization, Year Five	$ 1,400,000
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life (Year)	11 years 2 months 12 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. 25, 2021	Sep. 25, 2021
Finite-lived intangible assets, accumulated amortization	$ 16,891	$ 17,579
Intangible assets	94,082	95,355
Food Service [Member]
Finite-lived intangible assets, accumulated amortization	8,601	9,066
Intangible assets	24,956	25,768
Food Service [Member] | Noncompete Agreements [Member]
Finite-lived intangible assets, accumulated amortization	670	670
Finite-lived intangible assets, gross	670	670
Food Service [Member] | Customer Relationships [Member]
Finite-lived intangible assets, accumulated amortization	6,513	6,188
Finite-lived intangible assets, gross	13,000	13,000
Food Service [Member] | License and Rights [Member]
Finite-lived intangible assets, accumulated amortization	1,418	1,396
Finite-lived intangible assets, gross	1,690	1,690
Retail Supermarket [Member]
Finite-lived intangible assets, accumulated amortization	6,764	7,041
Intangible assets	20,872	21,333
Retail Supermarket [Member] | Customer Relationships [Member]
Finite-lived intangible assets, accumulated amortization	6,115	5,931
Finite-lived intangible assets, gross	7,907	7,907
Retail Supermarket [Member] | Finite-lived Trade Names [Member]
Finite-lived intangible assets, accumulated amortization	649	649
Finite-lived intangible assets, gross	649	649
Frozen Beverages [Member]
Finite-lived intangible assets, accumulated amortization	1,526	1,472
Intangible assets	48,254	48,254
Frozen Beverages [Member] | Customer Relationships [Member]
Finite-lived intangible assets, accumulated amortization	437	400
Finite-lived intangible assets, gross	1,439	1,439
Frozen Beverages [Member] | License and Rights [Member]
Finite-lived intangible assets, accumulated amortization	1,089	1,072
Finite-lived intangible assets, gross	1,400	1,400
Trade Names [Member] | Food Service [Member]
Indefinite-lived intangible assets, gross	9,596	10,408
Finite-lived intangible assets, accumulated amortization	0	812
Trade Names [Member] | Retail Supermarket [Member]
Indefinite-lived intangible assets, gross	12,316	12,777
Finite-lived intangible assets, accumulated amortization	0	461
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. 25, 2021	Sep. 25, 2021
Goodwill	$ 121,833	$ 121,833
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. 25, 2021	Dec. 26, 2020	Sep. 25, 2021
Proceeds from Sale and Maturity of Marketable Securities, Total	$ 7,200,000	$ 26,148,000
Marketable Securities, Gain (Loss), Total	(44,000)	(78,000)
Marketable Securities, Unrealized Gain (Loss), Total	(5,000)	$ 603,000
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss, Total	7,544,000		$ 12,027,000
Corporate Bond Securities [Member]
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, without Single Maturity Date	$ 8,000,000
Investment Securities Maturity Term (Year)	2 years

Note 11 - Investment Securities

Note 11 - Investment Securities - Summary of Securities (Details) - USD ($) $ in Thousands	Dec. 25, 2021	Sep. 25, 2021
Held-to-maturity securities, amortized cost	$ 7,544	$ 12,027
Held-to-maturity securities, gross unrealized gains	49	123
Held-to-maturity securities, gross unrealized losses	21	18
Held-to-maturity securities, fair market value	7,572	12,132
Investment securities, cost	7,727	10,480
Investment securities, gross unrealized gains	155	175
Investment securities, gross unrealized losses	555	571
Investment securities, fair market value	7,327	10,084
Corporate Bond Securities [Member]
Held-to-maturity securities, amortized cost	7,544	12,027
Held-to-maturity securities, gross unrealized gains	49	123
Held-to-maturity securities, gross unrealized losses	21	18
Held-to-maturity securities, fair market value	7,572	12,132
Mutual Funds [Member]
Investment securities, cost	3,588	3,588
Investment securities, gross unrealized gains	0	0
Investment securities, gross unrealized losses	547	536
Investment securities, fair market value	3,041	3,052
Preferred Stock [Member]
Investment securities, cost	4,139	6,892
Investment securities, gross unrealized gains	155	175
Investment securities, gross unrealized losses	8	35
Investment securities, fair market value	$ 4,286	$ 7,032

Note 11 - Investment Securiti_2

Note 11 - Investment Securities - Held-to-maturity Securities by Contractual Maturity (Details) - USD ($)	Dec. 25, 2021	Sep. 25, 2021
Due in one year or less, amortized cost	$ 5,506,000	$ 7,980,000
Due in one year or less, fair market value	5,520,000	8,080,000
Due after one year through five years, amortized cost	2,038,000	4,047,000
Due after one year through five years, fair market value	2,052,000	4,052,000
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	7,544,000	12,027,000
Total held to maturity securities, fair market value	7,572,000	12,132,000
Less current portion, amortized cost	5,506,000	7,980,000
Less current portion, fair market value	5,520,000	8,080,000
Long term held to maturity securities, amortized cost	2,038,000	4,047,000
Long term held to maturity securities, fair market value	$ 2,052,000	$ 4,052,000

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. 25, 2021	Dec. 26, 2020
Balance	$ 845,654	$ 809,498
Other comprehensive income (loss)	(444)	2,279
Balance	845,998	808,289
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Balance	(13,383)	(15,587)
Other comprehensive income (loss)	(444)	2,279
Balance	$ (13,827)	$ (13,308)

Note 13 - Leases (Details Textu

Note 13 - Leases (Details Textual)	Dec. 25, 2021
Operating Lease, Weighted Average Discount Rate, Percent	3.30%
Finance Lease, Weighted Average Discount Rate, Percent	3.20%
Operating Lease, Weighted Average Remaining Lease Term (Year)	6 years 4 months 24 days
Finance Lease, Weighted Average Remaining Lease Term (Year)	4 years
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)	13 years
Lessee, Finance Lease, Remaining Lease Term (Year)	6 years

Note 13 - Leases - Components o

Note 13 - Leases - Components of Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 25, 2021	Dec. 26, 2020
Operating lease cost in Cost of goods sold and Operating Expenses	$ 1,458	$ 1,356
Amortization of assets in Cost of goods sold and Operating Expenses	72	412
Interest on lease liabilities in Interest expense & other	5	14
Total finance lease cost	77	426
Short-term lease cost in Cost of goods sold and Operating Expenses	0	0
Total net lease cost	$ 1,535	$ 1,782

Note 13 - Leases - Supplemental

Note 13 - Leases - Supplemental Balance Sheet Information Related to Leases (Details) - USD ($) $ in Thousands	Dec. 25, 2021	Sep. 25, 2021
Operating lease right-of-use assets	$ 54,195	$ 54,555
Current operating lease liabilities	13,512	13,395
Noncurrent operating lease liabilities	45,970	46,557
Total operating lease liabilities	59,482	59,952
Current finance lease liabilities	146	182
Noncurrent finance lease liabilities	354	392
Total finance lease liabilities	500	574
Property, Plant and Equipment, Net [Member]
Finance lease right-of-use assets in Property, plant and equipment, net	$ 171	$ 561

Note 13 - Leases - Supplement_2

Note 13 - Leases - Supplemental Cash Flow Information Related to Leases (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 25, 2021	Dec. 26, 2020
Operating cash flows from operating leases	$ 1,534	$ 1,427
Operating cash flows from finance leases	5	86
Financing cash flows from finance leases	74	14
Supplemental noncash information on lease liabilities arising from obtaining right-of-use assets	$ 1,143	$ 776

Note 13 - Leases - Maturities o

Note 13 - Leases - Maturities of Lease Liabilities (Details) - USD ($) $ in Thousands	Dec. 25, 2021	Sep. 25, 2021
Nine months ending September 24, 2022, operating leases	$ 11,600
Nine months ending September 24, 2022, finance leases	134
2023, operating leases	13,520
2023, finance leases	136
2024, operating leases	10,716
2024, finance leases	136
2025, operating leases	7,478
2025, finance leases	65
2026, operating leases	5,108
2026, finance leases	39
Thereafter	18,079
Thereafter, finance leases	29
Total minimum payments, operating leases	66,501
Total minimum payments, finance leases	540
Less amount representing interest, operating leases	(7,018)
Less amount representing interest, finance leases	(40)
Present value of lease obligations, operating leases	59,482	$ 59,952
Present value of lease obligations, finance leases	$ 500	$ 574