J&J Snack Foods (JJSF) 10-Q 5 May 22 2022 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Mar. 26, 2022	Apr. 29, 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	Q2
Document Fiscal Year Focus	2022
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 26, 2022
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		19,174,920

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Mar. 26, 2022	Sep. 25, 2021
Current assets
Cash and cash equivalents	$ 221,017	$ 283,192
Marketable securities held to maturity	4,530	7,980
Accounts receivable, net	187,933	162,939
Inventories	158,991	123,160
Prepaid expenses and other	11,805	7,498
Total current assets	584,276	584,769
Property, plant and equipment, at cost
Land	2,494	2,494
Buildings	26,582	26,582
Plant machinery and equipment	340,534	343,716
Marketing equipment	263,494	258,624
Transportation equipment	10,912	10,315
Office equipment	44,641	34,648
Improvements	48,073	45,578
Construction in progress	45,418	35,285
Total Property, plant and equipment, at cost	782,148	757,242
Less accumulated depreciation and amortization	504,249	490,055
Property, plant and equipment, net	277,899	267,187
Other assets
Goodwill	121,833	121,833
Other intangible assets, net	76,599	77,776
Marketable securities held to maturity	0	4,047
Marketable securities available for sale	5,951	10,084
Operating lease right-of-use assets	53,892	54,555
Other	2,878	1,968
Total other assets	261,153	270,263
Total Assets	1,123,328	1,122,219
Current Liabilities
Current finance lease liabilities	127	182
Accounts payable	101,238	96,789
Accrued insurance liability	15,525	16,260
Accrued liabilities	6,456	10,955
Current operating lease liabilities	13,747	13,395
Accrued compensation expense	16,487	17,968
Dividends payable	12,136	12,080
Total current liabilities	165,716	167,629
Noncurrent finance lease liabilities	336	392
Noncurrent operating lease liabilities	45,501	46,557
Deferred income taxes	61,339	61,578
Other long-term liabilities	455	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 19,173,000 and 19,084,000 respectively	87,688	73,597
Accumulated other comprehensive loss	(13,281)	(13,383)
Retained Earnings	775,574	785,440
Total stockholders' equity	849,981	845,654
Total Liabilities and Stockholders' Equity	$ 1,123,328	$ 1,122,219

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Mar. 26, 2022	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)	19,173,000	19,084,000
Common stock, shares outstanding (in shares)	19,173,000	19,084,000

Consolidated Statements of Earn

Consolidated Statements of Earnings (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 26, 2022	Mar. 27, 2021	Mar. 26, 2022	Mar. 27, 2021
Net sales	$ 281,513	$ 256,178	$ 600,003	$ 497,175
Cost of goods sold	216,165	195,282	455,280	386,154
Gross profit	65,348	60,896	144,723	111,021
Operating expenses
Marketing	21,036	19,192	41,943	36,493
Distribution	28,349	25,443	61,664	48,332
Administrative	11,719	9,216	22,088	18,656
Other general expense	156	(185)	95	(268)
Total operating expenses	61,260	53,666	125,790	103,213
Operating income	4,088	7,230	18,933	7,808
Other income (expense)
Investment income	160	579	431	1,949
Interest expense & other	(57)	4	(75)	(11)
Earnings before income taxes	4,191	7,813	19,289	9,746
Income taxes	920	1,752	4,927	1,907
NET EARNINGS	$ 3,271	$ 6,061	$ 14,362	$ 7,839
Earnings per diluted share (in dollars per share)	$ 0.17	$ 0.32	$ 0.75	$ 0.41
Weighted average number of diluted shares (in shares)	19,206	19,130	19,180	19,081
Earnings per basic share (in dollars per share)	$ 0.17	$ 0.32	$ 0.75	$ 0.41
Weighted average number of basic shares (in shares)	19,134	19,006	19,110	18,971

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 26, 2022	Mar. 27, 2021	Mar. 26, 2022	Mar. 27, 2021
Net earnings	$ 3,271	$ 6,061	$ 14,362	$ 7,839
Foreign currency translation adjustments	546	(531)	102	1,748
Total other comprehensive (loss) income	546	(531)	102	1,748
Comprehensive income	$ 3,817	$ 5,530	$ 14,464	$ 9,587

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	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. 26, 2020	18,915,000
Balance at Sep. 26, 2020	$ 49,268	(15,587)	775,817	809,498
Foreign currency translation adjustment				1,748
Net earnings				7,839
Balance (in shares) at Mar. 27, 2021	19,034,000
Balance at Mar. 27, 2021	$ 65,026	(13,839)	761,813	813,000
Balance (in shares) at Dec. 26, 2020	18,956,000
Balance at Dec. 26, 2020	$ 54,902	(13,308)	766,695	808,289
Issuance of common stock upon exercise of stock options (in shares)	72,000
Issuance of common stock upon exercise of stock options	$ 8,384	0	0	8,384
Foreign currency translation adjustment	0	(531)	0	(531)
Dividends declared	0	0	(10,943)	(10,943)
Share-based compensation	1,026	0	0	1,026
Net earnings	$ 0	0	6,061	6,061
Issuance of common stock for employee stock purchase plan (in shares)	6,000
Issuance of common stock for employee stock purchase plan	$ 714	0	0	714
Balance (in shares) at Mar. 27, 2021	19,034,000
Balance at Mar. 27, 2021	$ 65,026	(13,839)	761,813	$ 813,000
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
Balance at Dec. 25, 2021	$ 75,386	(13,827)	784,439	$ 845,998
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
Foreign currency translation adjustment				102
Net earnings				$ 14,362
Balance (in shares) at Mar. 26, 2022	19,173,000			19,173,000
Balance at Mar. 26, 2022	$ 87,688	(13,281)	775,574	$ 849,981
Balance (in shares) at Dec. 25, 2021	19,089,000
Balance at Dec. 25, 2021	$ 75,386	(13,827)	784,439	845,998
Issuance of common stock upon exercise of stock options (in shares)	76,000
Issuance of common stock upon exercise of stock options	$ 10,012	0	0	10,012
Foreign currency translation adjustment	0	546	0	546
Dividends declared	0	0	(12,136)	(12,136)
Share-based compensation	1,267	0	0	1,267
Net earnings	$ 0	0	3,271	3,271
Issuance of common stock for employee stock purchase plan (in shares)	8,000
Issuance of common stock for employee stock purchase plan	$ 1,023	0	0	$ 1,023
Balance (in shares) at Mar. 26, 2022	19,173,000			19,173,000
Balance at Mar. 26, 2022	$ 87,688	$ (13,281)	$ 775,574	$ 849,981

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Mar. 26, 2022	Mar. 27, 2021
Operating activities:
Net earnings	$ 14,362,000	$ 7,839,000
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation of fixed assets	23,868,000	24,253,000
Amortization of intangibles and deferred costs	1,183,000	1,457,000
Loss from disposals of property & equipment	100,000	0
Share-based compensation	2,350,000	2,270,000
Deferred income taxes	(251,000)	(4,000)
Loss (Gain) on marketable securities	69,000	(768,000)
Other	(184,000)	(163,000)
Changes in assets and liabilities net of effects from purchase of companies
Increase in accounts receivable	(25,031,000)	(10,884,000)
Increase in inventories	(36,538,000)	(6,432,000)
Increase in prepaid expenses	(4,308,000)	(118,000)
(Decrease) increase in accounts payable and accrued liabilities	(2,055,000)	9,331,000
Net cash (used in) provided by operating activities	(26,435,000)	26,781,000
Investing activities:
Purchases of property, plant and equipment	(35,306,000)	(18,829,000)
Proceeds from redemption and sales of marketable securities	11,526,000	41,337,000
Proceeds from disposal of property and equipment	589,000	1,262,000
Other	0	18,000
Net cash (used in) provided by investing activities	(23,191,000)	23,788,000
Financing activities:
Proceeds from issuance of stock	11,741,000	13,582,000
Payments on finance lease obligations	(111,000)	(173,000)
Payment of cash dividend	(24,163,000)	(21,776,000)
Net cash used in financing activities	(12,533,000)	(8,367,000)
Effect of exchange rate on cash and cash equivalents	(16,000)	375,000
Net (decrease) increase in cash and cash equivalents	(62,175,000)	42,577,000
Cash and cash equivalents at beginning of period	283,192,000	195,809,000
Cash and cash equivalents at end of period	$ 221,017,000	$ 238,386,000

Note 1

Note 1	6 Months Ended
	Mar. 26, 2022
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 six March 26, 2022 March 27, 2021 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	6 Months Ended
	Mar. 26, 2022
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 a 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 March 26, 2022 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 liabilities on our balance sheet as follows: (in thousands) Three Months Ended Six Months Ended March 26, March 27, March 26, March 27, 2022 2021 2022 2021 Beginning Balance $ 1,030 $ 1,716 $ 1,097 $ 1,327 Additions to contract liability 1,374 1,201 2,573 2,945 Amounts recognized as revenue (1,312 ) (1,827 ) (2,578 ) (3,182 ) Ending Balance $ 1,092 $ 1,090 $ 1,092 $ 1,090 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 March 26, 2022 September 25, 2021,

Note 3

Note 3	6 Months Ended
	Mar. 26, 2022
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 $11,945,000 and $11,984,000 for the three March 26, 2022 March 27, 2021, six March 26, 2022 March 27, 2021,

Note 4

Note 4	6 Months Ended
	Mar. 26, 2022
Notes to Financial Statements
Earnings Per Share [Text Block]	Note 4 Basic earnings per common share (EPS) excludes dilution and is computed by dividing income available to common shareholders by the weighted average common shares outstanding during the period. Diluted EPS takes into consideration the potential dilution that could occur if securities (stock options) or other contracts to issue common stock were exercised and converted into common stock. Our calculation of EPS is as follows: Three Months Ended March 26, 2022 Income Shares Per Share (Numerator) (Denominator) Amount (in thousands, except per share amounts) Basic EPS Net earnings available to common stockholders $ 3,271 19,134 $ 0.17 Effect of dilutive securities Options - 72 - Diluted EPS Net earnings available to common stockholders plus assumed conversions $ 3,271 19,206 $ 0.17 270,352 anti-dilutive shares have been excluded in the computation of EPS for the three March 26, 2022. Six Months ended March 26, 2022 Income Shares Per Share (Numerator) (Denominator) Amount (in thousands, except per share amounts) Basic EPS Net earnings available to common stockholders $ 14,362 19,110 $ 0.75 Effect of dilutive securities Options - 70 - Diluted EPS Net earnings available to common stockholders plus assumed conversions $ 14,362 19,180 $ 0.75 271,452 anti-dilutive shares have been excluded in the computation of EPS for the six March 26, 2022. Three Months Ended March 27, 2021 Income Shares Per Share (Numerator) (Denominator) Amount (in thousands, except per share amounts) Basic EPS Net earnings available to common stockholders $ 6,061 19,006 $ 0.32 Effect of dilutive securities Options - 124 - Diluted EPS Net earnings available to common stockholders plus assumed conversions $ 6,061 19,130 $ 0.32 163,072 anti-dilutive shares have been excluded in the computation of EPS for the three March 27, 2021. Six Months Ended March 27, 2021 Income Shares Per Share (Numerator) (Denominator) Amount (in thousands, except per share amounts) Basic EPS Net earnings available to common stockholders $ 7,839 18,971 $ 0.41 Effect of dilutive securities Options - 110 - Diluted EPS Net earnings available to common stockholders plus assumed conversions $ 7,839 19,081 $ 0.41 184,672 anti-dilutive shares have been excluded in the computation of EPS for the six March 27, 2021.

Note 5

Note 5	6 Months Ended
	Mar. 26, 2022
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	Note 5 At March 26, 2022, three Three Months Ended Six Months Ended March 26, March 27, March 26, March 27, 2022 2021 2022 2021 Stock options $ 586 $ 447 $ 1,400 $ 993 Stock purchase plan 90 64 150 342 Stock issued to an outside director 11 22 22 22 Restricted stock issued to an employee 152 47 224 47 Performance stock issued to employees 82 - 121 - Total share-based compensation $ 921 $ 580 $ 1,917 $ 1,404 The above compensation is net of tax benefits $ 346 $ 446 $ 433 $ 866 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 six During the fiscal year 2021 six In November 2021, one three March 26, 2022 three six March 27, 2021. In November 2021, may two three March 26, 2022 three six March 27, 2021. 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	6 Months Ended
	Mar. 26, 2022
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 March 26, 2022 September 25, 2021, March 26, 2022, 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 six March 26, 2022 six March 27, 2021 three March 26, 2022 three March 27, 2021

Note 7

Note 7	6 Months Ended
	Mar. 26, 2022
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	6 Months Ended
	Mar. 26, 2022
Notes to Financial Statements
Inventory Disclosure [Text Block]	Note 8 Inventories consist of the following: March 26, September 25, 2022 2021 (unaudited) (in thousands) Finished goods $ 74,457 $ 49,756 Raw materials 38,023 29,529 Packaging materials 13,130 11,168 Equipment parts and other 33,381 32,707 Total inventories $ 158,991 $ 123,160

Note 9

Note 9	6 Months Ended
	Mar. 26, 2022
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 reportable segments are Food Service, Retail Supermarkets and Frozen Beverages. All inter-segment net sales and expenses have been eliminated in computing net sales and operating income. These segments are described below. 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 theme parks; convenience stores; movie theatres; warehouse club stores; schools, colleges and other institutions. Within the food service industry, our products are purchased by the consumer primarily for consumption at the point-of-sale. 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 Six Months Ended March 26, March 27, March 26, March 27, 2022 2021 2022 2021 Sales to external customers: Food Service Soft pretzels $ 43,261 $ 36,776 $ 93,682 $ 69,463 Frozen novelties 7,305 10,590 15,762 16,885 Churros 17,447 14,720 36,936 26,262 Handhelds 20,506 19,992 39,001 37,603 Bakery 83,967 82,910 191,798 171,874 Other 3,854 4,336 10,893 7,662 Total Food Service $ 176,340 $ 169,324 $ 388,072 $ 329,749 Retail Supermarket Soft pretzels $ 15,752 $ 15,789 $ 31,946 $ 29,677 Frozen novelties 18,919 19,386 36,721 34,702 Biscuits 5,687 6,495 13,958 14,155 Handhelds 1,069 2,243 2,345 5,023 Coupon redemption (726 ) (608 ) (1,622 ) (1,683 ) Other 56 601 104 1,126 Total Retail Supermarket $ 40,757 $ 43,906 $ 83,452 $ 83,000 Frozen Beverages Beverages $ 35,365 $ 18,529 $ 69,128 $ 34,384 Repair and maintenance service 21,000 18,218 43,011 37,114 Machines revenue 7,542 5,663 15,389 12,152 Other 509 538 951 776 Total Frozen Beverages $ 64,416 $ 42,948 $ 128,479 $ 84,426 Consolidated sales $ 281,513 $ 256,178 $ 600,003 $ 497,175 Depreciation and amortization: Food Service $ 6,670 $ 7,116 $ 13,339 $ 13,902 Retail Supermarket 386 384 752 770 Frozen Beverages 5,484 5,648 10,960 11,424 Total depreciation and amortization $ 12,540 $ 13,148 $ 25,051 $ 26,096 Operating income: Food Service $ 536 $ 6,055 $ 9,537 $ 12,235 Retail Supermarket 1,091 6,364 6,075 11,087 Frozen Beverages 2,461 (5,189 ) 3,321 (15,514 ) Total operating income $ 4,088 $ 7,230 $ 18,933 $ 7,808 Capital expenditures: Food Service $ 13,851 $ 7,246 $ 24,084 $ 15,532 Retail Supermarket 1,094 80 3,623 101 Frozen Beverages 4,261 1,827 7,599 3,196 Total capital expenditures $ 19,206 $ 9,153 $ 35,306 $ 18,829 Assets: Food Service $ 799,710 $ 760,557 $ 799,710 $ 760,557 Retail Supermarket 33,206 33,395 33,206 33,395 Frozen Beverages 290,412 270,963 290,412 270,963 Total assets $ 1,123,328 $ 1,064,915 $ 1,123,328 $ 1,064,915

Note 10

Note 10	6 Months Ended
	Mar. 26, 2022
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 March 26, 2022 September 25, 2021 March 26, 2022 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 6,838 13,000 6,188 License and rights 1,690 1,438 1,690 1,396 TOTAL FOOD SERVICE $ 24,956 $ 8,946 $ 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 6,308 7,907 5,931 TOTAL RETAIL SUPERMARKETS $ 20,872 $ 6,957 $ 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 1,439 473 1,439 400 Licenses and rights 1,400 1,107 1,400 1,072 TOTAL FROZEN BEVERAGES $ 48,254 $ 1,580 $ 48,254 $ 1,472 CONSOLIDATED $ 94,082 $ 17,483 $ 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 March 26, 2022 March 27, 2021 six March 26, 2022 March 27, 2021 Estimated amortization expense for the next five 2022, 2023, 2024, 2025, 2026. The weighted amortization period of the intangible assets, in total, is 11.2 years. The weighted amortization period by intangible asset class is 10.0 years for Customer relationships and 20.0 years for Licenses & rights. Goodwill The carrying amounts of goodwill for the Food Service, Retail Supermarket and Frozen Beverage segments are as follows: Food Retail Frozen Service Supermarket Beverages Total (in thousands) Balance at March 26, 2022 $ 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	6 Months Ended
	Mar. 26, 2022
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 March 26, 2022 Gross Gross Fair Amortized Unrealized Unrealized Market Cost Gains Losses Value (in thousands) Corporate bonds $ 4,530 $ 2 $ 59 $ 4,473 Total marketable securities held to maturity $ 4,530 $ 2 $ 59 $ 4,473 The amortized cost, unrealized gains and losses, and fair market values of our investment securities available for sale at March 26, 2022 Gross Gross Fair Amortized Unrealized Unrealized Market Cost Gains Losses Value (in thousands) Mutual funds $ 3,588 $ - $ 549 $ 3,039 Preferred stock 2,816 96 - 2,912 Total marketable securities available for sale $ 6,404 $ 96 $ 549 $ 5,951 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 March 26, 2022 September 25, 2021 March 26, 2022 September 25, 2021 Fair Fair Amortized Market Amortized Market Cost Value Cost Value (in thousands) Due in one year or less $ 4,530 $ 4,473 $ 7,980 $ 8,080 Due after one year through five years - - 4,047 4,052 Total held to maturity securities $ 4,530 $ 4,473 $ 12,027 $ 12,132 Less current portion 4,530 4,473 7,980 8,080 Long term held to maturity securities $ - $ - $ 4,047 $ 4,052 Proceeds from the redemption and sale of marketable securities were $4,326,000 and $11,526,000 in the three six March 26, 2022 three six March 27, 2021, three six March 26, 2022, three six March 27, 2021. six March 26, 2022 March 27, 2021, three March 26, 2022, March 27, 2021, Total marketable securities held to maturity as of March 26, 2022, March 31, 2022.

Note 12

Note 12	6 Months Ended
	Mar. 26, 2022
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 Six Months Ended March 26, 2022 March 26, 2022 Foreign Currency Foreign Currency Translation Translation Adjustments Adjustments (unaudited) (in thousands) (unaudited) (in thousands) Beginning balance $ (13,827 ) $ (13,383 ) Other comprehensive income 546 102 Ending balance $ (13,281 ) $ (13,281 ) Three Months Ended Six Months Ended March 27, 2021 March 27, 2021 Foreign Currency Foreign Currency Translation Translation Adjustments Adjustments (unaudited) (in thousands) (unaudited) (in thousands) Beginning balance $ (13,308 ) $ (15,587 ) Other comprehensive (loss) income (531 ) 1,748 Ending balance $ (13,839 ) $ (13,839 )

Note 13 - Leases

Note 13 - Leases	6 Months Ended
	Mar. 26, 2022
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 March 26, 2022, March 27, 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 Six Months Ended Six Months Ended March 26, 2022 March 27, 2021 March 26, 2022 March 27, 2021 (in thousands) (in thousands) (in thousands) (in thousands) Operating lease cost in cost of goods sold and operating expenses $ 3,922 $ 3,962 $ 7,920 $ 7,901 Finance lease cost: Amortization of assets in cost of goods sold and operating expenses 50 78 122 154 Interest on lease liabilities in Interest expense & other 2 11 7 25 Total finance lease cost $ 52 $ 89 $ 129 $ 179 Short-term lease cost in cost of goods sold and operating expenses - - - - Total net lease cost $ 3,974 $ 4,051 $ 8,049 $ 8,080 Supplemental balance sheet information related to leases is as follows: March 26, 2022 September 25, 2021 (in thousands) (in thousands) Operating Leases Operating lease right-of-use assets $ 53,892 $ 54,555 Current operating lease liabilities $ 13,747 $ 13,395 Noncurrent operating lease liabilities 45,501 46,557 Total operating lease liabilities $ 59,248 $ 59,952 Finance Leases Finance lease right-of-use assets in property, plant and equipment, net $ - $ 561 Current finance lease liabilities $ 127 $ 182 Noncurrent finance lease liabilities 336 392 Total finance lease liabilities $ 463 $ 574 Supplemental cash flow information related to leases is as follows: Three Months Ended Three Months Ended Six Months Ended Six Months Ended March 26, 2022 March 27, 2021 March 26, 2022 March 27, 2021 (in thousands) (in thousands) (in thousands) (in thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 3,970 $ 4,001 $ 8,008 $ 7,987 Operating cash flows from finance leases $ 2 $ 87 $ 7 $ 173 Financing cash flows from finance leases $ 37 $ 11 $ 111 $ 25 Supplemental noncash information on lease liabilities arising from obtaining right-of-use assets $ 5,922 $ 578 $ 7,065 $ 1,354 Supplemental noncash information on lease liabilities removed due to purchase of leased asset $ - $ - $ - $ - As of March 26, 2022, (in thousands) Operating Leases Finance Leases Six months ending September 24, 2022 $ 7,924 $ 68 2023 14,304 136 2024 11,663 136 2025 8,266 65 2026 5,354 39 Thereafter 18,419 33 Total minimum payments $ 65,930 $ 477 Less amount representing interest (6,682 ) (14 ) Present value of lease obligations $ 59,248 $ 463

Note 14

Note 14	6 Months Ended
	Mar. 26, 2022
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	Note 14 We have related party expenses for distribution and shipping related costs with NFI Industries, Inc. Our director, Sidney R. Brown, is CEO of NFI Industries, Inc. The Company paid $2,871,000 and $3,980,000 to NFI in the three six March 26, 2022 three six March 27, 2021. March 26, 2022 September 25, 2021.

Note 2 (Tables)

Note 2 (Tables)	6 Months Ended
	Mar. 26, 2022
Notes Tables
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]	(in thousands) Three Months Ended Six Months Ended March 26, March 27, March 26, March 27, 2022 2021 2022 2021 Beginning Balance $ 1,030 $ 1,716 $ 1,097 $ 1,327 Additions to contract liability 1,374 1,201 2,573 2,945 Amounts recognized as revenue (1,312 ) (1,827 ) (2,578 ) (3,182 ) Ending Balance $ 1,092 $ 1,090 $ 1,092 $ 1,090

Note 4 (Tables)

Note 4 (Tables)	6 Months Ended
	Mar. 26, 2022
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended March 26, 2022 Income Shares Per Share (Numerator) (Denominator) Amount (in thousands, except per share amounts) Basic EPS Net earnings available to common stockholders $ 3,271 19,134 $ 0.17 Effect of dilutive securities Options - 72 - Diluted EPS Net earnings available to common stockholders plus assumed conversions $ 3,271 19,206 $ 0.17 Six Months ended March 26, 2022 Income Shares Per Share (Numerator) (Denominator) Amount (in thousands, except per share amounts) Basic EPS Net earnings available to common stockholders $ 14,362 19,110 $ 0.75 Effect of dilutive securities Options - 70 - Diluted EPS Net earnings available to common stockholders plus assumed conversions $ 14,362 19,180 $ 0.75 Three Months Ended March 27, 2021 Income Shares Per Share (Numerator) (Denominator) Amount (in thousands, except per share amounts) Basic EPS Net earnings available to common stockholders $ 6,061 19,006 $ 0.32 Effect of dilutive securities Options - 124 - Diluted EPS Net earnings available to common stockholders plus assumed conversions $ 6,061 19,130 $ 0.32 Six Months Ended March 27, 2021 Income Shares Per Share (Numerator) (Denominator) Amount (in thousands, except per share amounts) Basic EPS Net earnings available to common stockholders $ 7,839 18,971 $ 0.41 Effect of dilutive securities Options - 110 - Diluted EPS Net earnings available to common stockholders plus assumed conversions $ 7,839 19,081 $ 0.41

Note 5 (Tables)

Note 5 (Tables)	6 Months Ended
	Mar. 26, 2022
Notes Tables
Disclosure of Share-Based Compensation Arrangements by Share-Based Payment Award [Table Text Block]	Three Months Ended Six Months Ended March 26, March 27, March 26, March 27, 2022 2021 2022 2021 Stock options $ 586 $ 447 $ 1,400 $ 993 Stock purchase plan 90 64 150 342 Stock issued to an outside director 11 22 22 22 Restricted stock issued to an employee 152 47 224 47 Performance stock issued to employees 82 - 121 - Total share-based compensation $ 921 $ 580 $ 1,917 $ 1,404 The above compensation is net of tax benefits $ 346 $ 446 $ 433 $ 866

Note 8 (Tables)

Note 8 (Tables)	6 Months Ended
	Mar. 26, 2022
Notes Tables
Schedule of Inventory, Current [Table Text Block]	March 26, September 25, 2022 2021 (unaudited) (in thousands) Finished goods $ 74,457 $ 49,756 Raw materials 38,023 29,529 Packaging materials 13,130 11,168 Equipment parts and other 33,381 32,707 Total inventories $ 158,991 $ 123,160

Note 9 (Tables)

Note 9 (Tables)	6 Months Ended
	Mar. 26, 2022
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended Six Months Ended March 26, March 27, March 26, March 27, 2022 2021 2022 2021 Sales to external customers: Food Service Soft pretzels $ 43,261 $ 36,776 $ 93,682 $ 69,463 Frozen novelties 7,305 10,590 15,762 16,885 Churros 17,447 14,720 36,936 26,262 Handhelds 20,506 19,992 39,001 37,603 Bakery 83,967 82,910 191,798 171,874 Other 3,854 4,336 10,893 7,662 Total Food Service $ 176,340 $ 169,324 $ 388,072 $ 329,749 Retail Supermarket Soft pretzels $ 15,752 $ 15,789 $ 31,946 $ 29,677 Frozen novelties 18,919 19,386 36,721 34,702 Biscuits 5,687 6,495 13,958 14,155 Handhelds 1,069 2,243 2,345 5,023 Coupon redemption (726 ) (608 ) (1,622 ) (1,683 ) Other 56 601 104 1,126 Total Retail Supermarket $ 40,757 $ 43,906 $ 83,452 $ 83,000 Frozen Beverages Beverages $ 35,365 $ 18,529 $ 69,128 $ 34,384 Repair and maintenance service 21,000 18,218 43,011 37,114 Machines revenue 7,542 5,663 15,389 12,152 Other 509 538 951 776 Total Frozen Beverages $ 64,416 $ 42,948 $ 128,479 $ 84,426 Consolidated sales $ 281,513 $ 256,178 $ 600,003 $ 497,175 Depreciation and amortization: Food Service $ 6,670 $ 7,116 $ 13,339 $ 13,902 Retail Supermarket 386 384 752 770 Frozen Beverages 5,484 5,648 10,960 11,424 Total depreciation and amortization $ 12,540 $ 13,148 $ 25,051 $ 26,096 Operating income: Food Service $ 536 $ 6,055 $ 9,537 $ 12,235 Retail Supermarket 1,091 6,364 6,075 11,087 Frozen Beverages 2,461 (5,189 ) 3,321 (15,514 ) Total operating income $ 4,088 $ 7,230 $ 18,933 $ 7,808 Capital expenditures: Food Service $ 13,851 $ 7,246 $ 24,084 $ 15,532 Retail Supermarket 1,094 80 3,623 101 Frozen Beverages 4,261 1,827 7,599 3,196 Total capital expenditures $ 19,206 $ 9,153 $ 35,306 $ 18,829 Assets: Food Service $ 799,710 $ 760,557 $ 799,710 $ 760,557 Retail Supermarket 33,206 33,395 33,206 33,395 Frozen Beverages 290,412 270,963 290,412 270,963 Total assets $ 1,123,328 $ 1,064,915 $ 1,123,328 $ 1,064,915

Note 10 (Tables)

Note 10 (Tables)	6 Months Ended
	Mar. 26, 2022
Notes Tables
Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block]	March 26, 2022 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 6,838 13,000 6,188 License and rights 1,690 1,438 1,690 1,396 TOTAL FOOD SERVICE $ 24,956 $ 8,946 $ 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 6,308 7,907 5,931 TOTAL RETAIL SUPERMARKETS $ 20,872 $ 6,957 $ 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 1,439 473 1,439 400 Licenses and rights 1,400 1,107 1,400 1,072 TOTAL FROZEN BEVERAGES $ 48,254 $ 1,580 $ 48,254 $ 1,472 CONSOLIDATED $ 94,082 $ 17,483 $ 95,355 $ 17,579
Schedule of Goodwill [Table Text Block]	Food Retail Frozen Service Supermarket Beverages Total (in thousands) Balance at March 26, 2022 $ 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)	6 Months Ended
	Mar. 26, 2022
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 $ 4,530 $ 2 $ 59 $ 4,473 Total marketable securities held to maturity $ 4,530 $ 2 $ 59 $ 4,473 Gross Gross Fair Amortized Unrealized Unrealized Market Cost Gains Losses Value (in thousands) Mutual funds $ 3,588 $ - $ 549 $ 3,039 Preferred stock 2,816 96 - 2,912 Total marketable securities available for sale $ 6,404 $ 96 $ 549 $ 5,951 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]	March 26, 2022 September 25, 2021 Fair Fair Amortized Market Amortized Market Cost Value Cost Value (in thousands) Due in one year or less $ 4,530 $ 4,473 $ 7,980 $ 8,080 Due after one year through five years - - 4,047 4,052 Total held to maturity securities $ 4,530 $ 4,473 $ 12,027 $ 12,132 Less current portion 4,530 4,473 7,980 8,080 Long term held to maturity securities $ - $ - $ 4,047 $ 4,052

Note 12 (Tables)

Note 12 (Tables)	6 Months Ended
	Mar. 26, 2022
Notes Tables
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Three Months Ended Six Months Ended March 26, 2022 March 26, 2022 Foreign Currency Foreign Currency Translation Translation Adjustments Adjustments (unaudited) (in thousands) (unaudited) (in thousands) Beginning balance $ (13,827 ) $ (13,383 ) Other comprehensive income 546 102 Ending balance $ (13,281 ) $ (13,281 ) Three Months Ended Six Months Ended March 27, 2021 March 27, 2021 Foreign Currency Foreign Currency Translation Translation Adjustments Adjustments (unaudited) (in thousands) (unaudited) (in thousands) Beginning balance $ (13,308 ) $ (15,587 ) Other comprehensive (loss) income (531 ) 1,748 Ending balance $ (13,839 ) $ (13,839 )

Note 13 - Leases (Tables)

Note 13 - Leases (Tables)	6 Months Ended
	Mar. 26, 2022
Notes Tables
Lease, Cost [Table Text Block]	Three Months Ended Three Months Ended Six Months Ended Six Months Ended March 26, 2022 March 27, 2021 March 26, 2022 March 27, 2021 (in thousands) (in thousands) (in thousands) (in thousands) Operating lease cost in cost of goods sold and operating expenses $ 3,922 $ 3,962 $ 7,920 $ 7,901 Finance lease cost: Amortization of assets in cost of goods sold and operating expenses 50 78 122 154 Interest on lease liabilities in Interest expense & other 2 11 7 25 Total finance lease cost $ 52 $ 89 $ 129 $ 179 Short-term lease cost in cost of goods sold and operating expenses - - - - Total net lease cost $ 3,974 $ 4,051 $ 8,049 $ 8,080
Assets and Liabilities, Lessee [Table Text Block]	March 26, 2022 September 25, 2021 (in thousands) (in thousands) Operating Leases Operating lease right-of-use assets $ 53,892 $ 54,555 Current operating lease liabilities $ 13,747 $ 13,395 Noncurrent operating lease liabilities 45,501 46,557 Total operating lease liabilities $ 59,248 $ 59,952 Finance Leases Finance lease right-of-use assets in property, plant and equipment, net $ - $ 561 Current finance lease liabilities $ 127 $ 182 Noncurrent finance lease liabilities 336 392 Total finance lease liabilities $ 463 $ 574
Lessee, Cash Flow Information [Table Text Block]	Three Months Ended Three Months Ended Six Months Ended Six Months Ended March 26, 2022 March 27, 2021 March 26, 2022 March 27, 2021 (in thousands) (in thousands) (in thousands) (in thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 3,970 $ 4,001 $ 8,008 $ 7,987 Operating cash flows from finance leases $ 2 $ 87 $ 7 $ 173 Financing cash flows from finance leases $ 37 $ 11 $ 111 $ 25 Supplemental noncash information on lease liabilities arising from obtaining right-of-use assets $ 5,922 $ 578 $ 7,065 $ 1,354 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 Six months ending September 24, 2022 $ 7,924 $ 68 2023 14,304 136 2024 11,663 136 2025 8,266 65 2026 5,354 39 Thereafter 18,419 33 Total minimum payments $ 65,930 $ 477 Less amount representing interest (6,682 ) (14 ) Present value of lease obligations $ 59,248 $ 463

Note 2 (Details Textual)

Note 2 (Details Textual) - USD ($)	Mar. 26, 2022	Sep. 25, 2021
Contract with Customer, Asset, Allowance for Deductions	$ 15,200,000	$ 14,600,000
Accounts Receivable, Allowance for Credit Loss, Ending Balance	$ 1,564,000	$ 1,405,000

Note 2 - Contract Liability (De

Note 2 - Contract Liability (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 26, 2022	Mar. 27, 2021	Mar. 26, 2022	Mar. 27, 2021
Beginning Balance	$ 1,030	$ 1,716	$ 1,097	$ 1,327
Additions to contract liability	1,374	1,201	2,573	2,945
Amounts recognized as revenue	(1,312)	(1,827)	(2,578)	(3,182)
Ending Balance	$ 1,092	$ 1,090	$ 1,092	$ 1,090

Note 3 (Details Textual)

Note 3 (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Mar. 26, 2022	Mar. 27, 2021	Mar. 26, 2022	Mar. 27, 2021
Depreciation, Total	$ 11,945,000	$ 11,984,000	$ 23,868,000	$ 24,253,000
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		6 Months Ended
	Mar. 26, 2022	Mar. 27, 2021	Mar. 26, 2022	Mar. 27, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	270,352	163,072	271,452	184,672

Note 4 - Calculation of EPS (De

Note 4 - Calculation of EPS (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 26, 2022	Mar. 27, 2021	Mar. 26, 2022	Mar. 27, 2021
Net earnings available to common stockholders	$ 3,271	$ 6,061	$ 14,362	$ 7,839
Weighted average number of basic shares (in shares)	19,134	19,006	19,110	18,971
Earnings (loss) per basic share (in dollars per share)	$ 0.17	$ 0.32	$ 0.75	$ 0.41
Options	$ 0	$ 0	$ 0	$ 0
Options, shares (in shares)	72	124	70	110
Options, per share (in dollars per share)	$ 0	$ 0	$ 0	$ 0
Net earnings available to common stockholders plus assumed conversions	$ 3,271	$ 6,061	$ 14,362	$ 7,839
Weighted average number of diluted shares (in shares)	19,206	19,130	19,180	19,081
Earnings (loss) per diluted share (in dollars per share)	$ 0.17	$ 0.32	$ 0.75	$ 0.41

Note 5 (Details Textual)

Note 5 (Details Textual) - $ / shares	1 Months Ended	3 Months Ended		6 Months Ended
	Nov. 30, 2021	Mar. 26, 2022	Mar. 27, 2021	Mar. 26, 2022	Mar. 27, 2021
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares)				0	300
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share)					$ 29.54
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	0		0
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period (in shares)	8,868	0		0	0

Note 5 - Summary of Share-based

Note 5 - Summary of Share-based Compensation Expense (Benefit) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 26, 2022	Mar. 27, 2021	Mar. 26, 2022	Mar. 27, 2021
Employee share-based compensation	$ 921	$ 580	$ 1,917	$ 1,404
The above compensation is net of tax benefits	346	446	433	866
Share-Based Payment Arrangement, Option [Member]
Employee share-based compensation	586	447	1,400	993
Stock Purchase Plan [Member]
Employee share-based compensation	90	64	150	342
Stock Issued to Outside Directors [Member]
Employee share-based compensation	11	22	22	22
Restricted Stock Units (RSUs) [Member]
Employee share-based compensation	152	47	224	47
Performance Shares [Member]
Employee share-based compensation	$ 82	$ 0	$ 121	$ 0

Note 6 (Details Textual)

Note 6 (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Mar. 26, 2022	Mar. 27, 2021	Mar. 26, 2022	Mar. 27, 2021	Sep. 25, 2021
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	$ 343,000		$ 343,000		$ 343,000
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued, Total	$ 267,000		$ 267,000		$ 267,000
Effective Income Tax Rate Reconciliation, Percent, Total (Rate)	22.00%	22.00%	26.00%	20.00%

Note 8 - Inventories - Summary

Note 8 - Inventories - Summary of Inventories (Details) - USD ($) $ in Thousands	Mar. 26, 2022	Sep. 25, 2021
Finished goods	$ 74,457	$ 49,756
Raw materials	38,023	29,529
Packaging materials	13,130	11,168
Equipment parts and other	33,381	32,707
Total inventories	$ 158,991	$ 123,160

Note 9 (Details Textual)

Note 9 (Details Textual)	6 Months Ended
	Mar. 26, 2022
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		6 Months Ended
	Mar. 26, 2022	Mar. 27, 2021	Mar. 26, 2022	Mar. 27, 2021	Sep. 25, 2021
Sales	$ 281,513	$ 256,178	$ 600,003	$ 497,175
Depreciation and amortization	12,540	13,148	25,051	26,096
Operating income	4,088	7,230	18,933	7,808
Capital expenditures	19,206	9,153	35,306	18,829
Assets	1,123,328	1,064,915	1,123,328	1,064,915	$ 1,122,219
Food Service [Member]
Sales	176,340	169,324	388,072	329,749
Depreciation and amortization	6,670	7,116	13,339	13,902
Operating income	536	6,055	9,537	12,235
Capital expenditures	13,851	7,246	24,084	15,532
Assets	799,710	760,557	799,710	760,557
Retail Supermarket [Member]
Sales	40,757	43,906	83,452	83,000
Depreciation and amortization	386	384	752	770
Operating income	1,091	6,364	6,075	11,087
Capital expenditures	1,094	80	3,623	101
Assets	33,206	33,395	33,206	33,395
Frozen Beverages [Member]
Sales	64,416	42,948	128,479	84,426
Depreciation and amortization	5,484	5,648	10,960	11,424
Operating income	2,461	(5,189)	3,321	(15,514)
Capital expenditures	4,261	1,827	7,599	3,196
Assets	290,412	270,963	290,412	270,963
Soft Pretzels [Member] | Food Service [Member]
Sales	43,261	36,776	93,682	69,463
Soft Pretzels [Member] | Retail Supermarket [Member]
Sales	15,752	15,789	31,946	29,677
Frozen Juices and Ices [Member] | Food Service [Member]
Sales	7,305	10,590	15,762	16,885
Frozen Juices and Ices [Member] | Retail Supermarket [Member]
Sales	18,919	19,386	36,721	34,702
Churros [Member] | Food Service [Member]
Sales	17,447	14,720	36,936	26,262
Handhelds [Member] | Food Service [Member]
Sales	20,506	19,992	39,001	37,603
Handhelds [Member] | Retail Supermarket [Member]
Sales	1,069	2,243	2,345	5,023
Bakery [Member] | Food Service [Member]
Sales	83,967	82,910	191,798	171,874
Other Products [Member] | Food Service [Member]
Sales	3,854	4,336	10,893	7,662
Other Products [Member] | Retail Supermarket [Member]
Sales	56	601	104	1,126
Other Products [Member] | Frozen Beverages [Member]
Sales	509	538	951	776
Biscuits [Member] | Retail Supermarket [Member]
Sales	5,687	6,495	13,958	14,155
Coupon Redemtion [Member] | Retail Supermarket [Member]
Sales	(726)	(608)	(1,622)	(1,683)
Beverage [Member] | Frozen Beverages [Member]
Sales	35,365	18,529	69,128	34,384
Repair and Maintenance Service [Member] | Frozen Beverages [Member]
Sales	21,000	18,218	43,011	37,114
Machine Sales [Member] | Frozen Beverages [Member]
Sales	$ 7,542	$ 5,663	$ 15,389	$ 12,152

Note 10 (Details Textual)

Note 10 (Details Textual)	3 Months Ended		6 Months Ended
	Mar. 26, 2022USD ($)	Mar. 27, 2021USD ($)	Mar. 26, 2022USD ($)	Mar. 27, 2021USD ($)
Number of Reportable Segments			3
Amortization of Intangible Assets	$ 594,000	$ 777,000	$ 1,174,000	$ 1,457,000
Finite-Lived Intangible Asset, Expected Amortization, Year One	2,300,000		2,300,000
Finite-Lived Intangible Asset, Expected Amortization, Year Two	2,300,000		2,300,000
Finite-Lived Intangible Asset, Expected Amortization, Year Three	2,000,000		2,000,000
Finite-Lived Intangible Asset, Expected Amortization, Year Four	1,400,000		1,400,000
Finite-Lived Intangible Asset, Expected Amortization, Year Five	$ 1,400,000		$ 1,400,000
Acquired Finite-Lived Intangible Assets, Weighted Average Useful Life (Year)			11 years 2 months 12 days
Customer Relationships [Member]
Acquired Finite-Lived Intangible Assets, Weighted Average Useful Life (Year)			10 years
License and Rights [Member]
Acquired Finite-Lived Intangible Assets, Weighted Average Useful Life (Year)			20 years
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	Mar. 26, 2022	Sep. 25, 2021
Finite-lived intangible assets, accumulated amortization	$ 17,483	$ 17,579
Intangible assets	94,082	95,355
Food Service [Member]
Finite-lived intangible assets, accumulated amortization	8,946	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	6,838	6,188
Finite-lived intangible assets, gross	13,000	13,000
Food Service [Member] | License and Rights [Member]
Finite-lived intangible assets, accumulated amortization	1,438	1,396
Finite-lived intangible assets, gross	1,690	1,690
Retail Supermarket [Member]
Finite-lived intangible assets, accumulated amortization	6,957	7,041
Intangible assets	20,872	21,333
Retail Supermarket [Member] | Customer Relationships [Member]
Finite-lived intangible assets, accumulated amortization	6,308	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	1,580	1,472
Intangible assets	48,254	48,254
Frozen Beverages [Member] | Customer Relationships [Member]
Finite-lived intangible assets, accumulated amortization	473	400
Finite-lived intangible assets, gross	1,439	1,439
Frozen Beverages [Member] | License and Rights [Member]
Finite-lived intangible assets, accumulated amortization	1,107	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	Mar. 26, 2022	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		6 Months Ended
	Mar. 26, 2022	Mar. 27, 2021	Mar. 26, 2022	Mar. 27, 2021	Sep. 25, 2021
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss, Total	$ 4,530,000		$ 4,530,000		$ 12,027,000
Proceeds from Sale and Maturity of Marketable Securities	4,326,000	$ 15,189,000	11,526,000	$ 41,337,000
Marketable Securities, Gain (Loss)	(25,000)	41,000	(69,000)	119,000
Marketable Securities, Unrealized Gain (Loss)	(53,000)	$ (46,000)	(58,000)	$ 649,000
Corporate Bond Securities [Member]
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss, Total	$ 4,500,000		$ 4,500,000
Investment Securities Maturity Term (Month)			12 months

Note 11 - Investment Securities

Note 11 - Investment Securities - Summary of Securities (Details) - USD ($) $ in Thousands	Mar. 26, 2022	Sep. 25, 2021
Held-to-maturity securities, amortized cost	$ 4,530	$ 12,027
Held-to-maturity securities, gross unrealized gains	2	123
Held-to-maturity securities, gross unrealized losses	59	18
Held-to-maturity securities, fair market value	4,473	12,132
Investment securities, cost	6,404	10,480
Investment securities, gross unrealized gains	96	175
Investment securities, gross unrealized losses	549	571
Investment securities, fair market value	5,951	10,084
Corporate Bond Securities [Member]
Held-to-maturity securities, amortized cost	4,530	12,027
Held-to-maturity securities, gross unrealized gains	2	123
Held-to-maturity securities, gross unrealized losses	59	18
Held-to-maturity securities, fair market value	4,473	12,132
Mutual Funds [Member]
Investment securities, cost	3,588	3,588
Investment securities, gross unrealized gains	0	0
Investment securities, gross unrealized losses	549	536
Investment securities, fair market value	3,039	3,052
Preferred Stock [Member]
Investment securities, cost	2,816	6,892
Investment securities, gross unrealized gains	96	175
Investment securities, gross unrealized losses	0	35
Investment securities, fair market value	$ 2,912	$ 7,032

Note 11 - Investment Securiti_2

Note 11 - Investment Securities - Held-to-maturity Securities by Contractual Maturity (Details) - USD ($)	Mar. 26, 2022	Sep. 25, 2021
Due in one year or less, amortized cost	$ 4,530,000	$ 7,980,000
Due in one year or less, fair market value	4,473,000	8,080,000
Due after one year through five years, amortized cost		4,047,000
Due after one year through five years, fair market value		4,052,000
Total held to maturity securities, amortized cost	4,530,000	12,027,000
Total held to maturity securities, fair market value	4,473,000	12,132,000
Less current portion, amortized cost	4,530,000	7,980,000
Less current portion, fair market value	4,473,000	8,080,000
Long term held to maturity securities, amortized cost	$ 0	4,047,000
Long term held to maturity securities, fair market value		$ 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		6 Months Ended
	Mar. 26, 2022	Mar. 27, 2021	Mar. 26, 2022	Mar. 27, 2021
Balance	$ 845,998	$ 808,289	$ 845,654	$ 809,498
Other comprehensive income	546	(531)	102	1,748
Balance	849,981	813,000	849,981	813,000
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Balance	(13,827)	(13,308)	(13,383)	(15,587)
Other comprehensive income	546	(531)	102	1,748
Balance	$ (13,281)	$ (13,839)	$ (13,281)	$ (13,839)

Note 13 - Leases (Details Textu

Note 13 - Leases (Details Textual)	Mar. 26, 2022	Mar. 27, 2021
Operating Lease, Weighted Average Discount Rate, Percent	3.30%	3.30%
Finance Lease, Weighted Average Discount Rate, Percent	3.20%	3.20%
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)	5 years

Note 13 - Leases - Components o

Note 13 - Leases - Components of Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 26, 2022	Mar. 27, 2021	Mar. 26, 2022	Mar. 27, 2021
Operating lease cost in cost of goods sold and operating expenses	$ 3,922	$ 3,962	$ 7,920	$ 7,901
Amortization of assets in cost of goods sold and operating expenses	50	78	122	154
Interest on lease liabilities in Interest expense & other	2	11	7	25
Total finance lease cost	52	89	129	179
Short-term lease cost in cost of goods sold and operating expenses	0	0	0	0
Total net lease cost	$ 3,974	$ 4,051	$ 8,049	$ 8,080

Note 13 - Leases - Supplemental

Note 13 - Leases - Supplemental Balance Sheet Information Related to Leases (Details) - USD ($) $ in Thousands	Mar. 26, 2022	Sep. 25, 2021
Operating lease right-of-use assets	$ 53,892	$ 54,555
Current operating lease liabilities	13,747	13,395
Noncurrent operating lease liabilities	45,501	46,557
Total operating lease liabilities	59,248	59,952
Current finance lease liabilities	127	182
Noncurrent finance lease liabilities	336	392
Total finance lease liabilities	463	574
Property, Plant and Equipment, Net [Member]
Finance lease right-of-use assets in property, plant and equipment, net	$ 0	$ 561

Note 13 - Leases - Supplement_2

Note 13 - Leases - Supplemental Cash Flow Information Related to Leases (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 26, 2022	Mar. 27, 2021	Mar. 26, 2022	Mar. 27, 2021
Operating cash flows from operating leases	$ 3,970	$ 4,001	$ 8,008	$ 7,987
Operating cash flows from finance leases	2	87	7	173
Financing cash flows from finance leases	37	11	111	25
Supplemental noncash information on lease liabilities arising from obtaining right-of-use assets	$ 5,922	$ 578	$ 7,065	$ 1,354

Note 13 - Leases - Maturities o

Note 13 - Leases - Maturities of Lease Liabilities (Details) - USD ($) $ in Thousands	Mar. 26, 2022	Sep. 25, 2021
Six months ending September 24, 2022, operating leases	$ 7,924
Six months ending September 24, 2022, finance leases	68
2023, operating leases	14,304
2023, finance leases	136
2024, operating leases	11,663
2024, finance leases	136
2025, operating leases	8,266
2025, finance leases	65
2026, operating leases	5,354
2026, finance leases	39
Thereafter	18,419
Thereafter, finance leases	33
Total minimum payments, operating leases	65,930
Total minimum payments, finance leases	477
Less amount representing interest, operating leases	(6,682)
Less amount representing interest, finance leases	(14)
Present value of lease obligations, operating leases	59,248	$ 59,952
Present value of lease obligations, finance leases	$ 463	$ 574

Note 14 (Details Textual)

Note 14 (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Mar. 26, 2022	Mar. 27, 2021	Mar. 26, 2022	Mar. 27, 2021	Sep. 25, 2021
Accounts Payable, Related Parties	$ 424,000		$ 424,000		$ 0
NFI [Member] | Distribution and Shipping Costs [Member]
Related Party Transaction, Amounts of Transaction	$ 2,871,000	$ 96,000	$ 3,980,000	$ 96,000