0001437749-21-027317 | 10-K | XBRL Viewer

Print Document View Excel Document

Document And Entity Information	12 Months Ended
Document And Entity Information	Sep. 25, 2021	Nov. 19, 2021 shares	Mar. 26, 2021 USD ($)
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	FY
Document Fiscal Year Focus	2021
Document Type	10-K
Document Annual Report	true
Document Period End Date	Sep. 25, 2021
Document Transition Report	false
Entity File Number	000-14616
City Area Code	856
Local Phone Number	665-9533
Entity Incorporation, State or Country Code	NJ
Entity Tax Identification Number	22-1935537
Entity Address, Address Line One	6000 Central Highway
Entity Address, Postal Zip Code	08109
Entity Address, City or Town	Pennsauken
Entity Address, State or Province	NJ
Title of 12(b) Security	Common Stock, no par value
Trading Symbol	JJSF
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
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 Public Float \| $			$ 2,398,906,547
Entity Common Stock, Shares Outstanding \| shares		19,084,586
Entity Number of Employees	1,600
ICFR Auditor Attestation Flag	true

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 25, 2021	Sep. 26, 2020
Current assets
Cash and cash equivalents	$ 283,192	$ 195,809
Marketable securities held to maturity	7,980	51,151
Accounts receivable, net	162,939	126,587
Inventories	123,160	108,923
Prepaid expenses and other	7,498	17,087
Total current assets	584,769	499,557
Property, plant and equipment, at cost	757,242	717,261
Less accumulated depreciation and amortization	490,055	455,645
Property, plant and equipment, net	267,187	261,616
Other assets
Goodwill	121,833	121,833
Other intangible assets, net	77,776	81,622
Marketable securities held to maturity	4,047	16,927
Marketable securities available for sale	10,084	13,976
Operating lease right-of-use assets	54,555	58,110
Other	1,968	2,912
Total other assets	270,263	295,380
Total Assets	1,122,219	1,056,553
Current Liabilities
Current finance lease liabilities	182	349
Accounts payable	96,789	73,135
Accrued insurance liability	16,260	13,039
Accrued liabilities	10,955	7,420
Current operating lease liabilities	13,395	13,173
Accrued compensation expense	17,968	16,134
Dividends payable	12,080	10,876
Total current liabilities	167,629	134,126
Noncurrent finance lease liabilities	392	368
Noncurrent operating lease liabilities	46,557	47,688
Deferred income taxes	61,578	64,413
Other long-term liabilities	409	460
Stockholders' Equity
Preferred stock, $1 par value; authorized 10,000,000 shares; none issued	0	0
Common stock, no par value; authorized, 50,000,000 shares; issued and outstanding 19,084,000 and 18,915,000 respectively	73,597	49,268
Accumulated other comprehensive loss	(13,383)	(15,587)
Retained Earnings	785,440	775,817
Total stockholders' equity	845,654	809,498
Total Liabilities and Stockholders' Equity	$ 1,122,219	$ 1,056,553

Consolidated Balance Sheets (Parentheticals) - $ / shares	Sep. 25, 2021	Sep. 26, 2020
Preferred stock, par value (in dollars per share)	$ 1	$ 1
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	50,000,000	50,000,000
Common stock, shares issued (in shares)	19,084,000	18,915,000
Common stock, shares outstanding (in shares)	19,084,000	18,915,000

Consolidated Statements of Earnings - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Sep. 25, 2021	Sep. 26, 2020	Sep. 28, 2019
Net Sales	$ 1,144,579	$ 1,022,038	$ 1,186,487
Cost of goods sold	845,651	783,611	836,086
Gross Profit	298,928	238,427	350,401
Operating expenses
Marketing and selling	77,922	84,977	96,428
Distribution	108,297	92,759	94,888
Administrative	40,538	36,747	40,721
Intangible asset impairment charges	1,273	0	0
Plant shutdown impairment costs	0	6,387	0
Other general expense (income)	(320)	363	1,408
Total operating expenses	227,710	221,233	233,445
Operating Income	71,218	17,194	116,956
Other income (expenses)
Investment income	2,815	4,356	7,741
Interest expense & other	(7)	(84)	1,880
Earnings before income taxes	74,026	21,466	126,577
Income taxes	18,419	3,161	31,758
NET EARNINGS	$ 55,607	$ 18,305	$ 94,819
Earnings per diluted share (in dollars per share)	$ 2.91	$ 0.96	$ 5.00
Weighted average number of diluted shares (in shares)	19,133	19,032	18,959
Earnings per basic share (in dollars per share)	$ 2.92	$ 0.97	$ 5.04
Weighted average number of basic shares (in shares)	19,013	18,901	18,812

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Sep. 25, 2021	Sep. 26, 2020	Sep. 28, 2019
Net Earnings	$ 55,607	$ 18,305	$ 94,819
Foreign currency translation adjustments	2,204	(2,599)	(909)
Total Other Comprehensive Income (loss), net of tax	2,204	(2,599)	(909)
Comprehensive Income	$ 57,811	$ 15,706	$ 93,910

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22595-107794

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 65
-Paragraph 1
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123482062&loc=SL123482106-238011

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=124431353&loc=SL124452729-227067

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=123570139&loc=d3e3602-108585

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22499-107794

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22663-107794

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 17: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123596393&loc=d3e14064-108612

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22583-107794

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=125511455&loc=SL5780133-109256

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22658-107794

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124509347&loc=SL7669619-108580

Reference 25: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124509347&loc=SL7669625-108580

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

+ Details

Consolidated Statements of Changes in Stockholders' Equity - USD ($)	Common Stock Including Additional Paid in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Balance (in shares) at Sep. 29, 2018	18,754,000
Balance at Sep. 29, 2018	$ 27,340,000	$ (11,994,000)	$ 743,745,000	$ 759,091,000
Issuance of common stock upon exercise of stock options (in shares)	128,000
Issuance of common stock upon exercise of stock options	$ 12,658,000	0	0	12,658,000
Issuance of common stock for employee stock purchase plan (in shares)	12,000
Issuance of common stock for employee stock purchase plan	$ 1,516,000	0	0	1,516,000
Foreign currency translation adjustment	0	(909,000)	0	(909,000)
Reclass from accumulated other comprehensive income	$ 0	(85,000)	85,000	0
Issuance of common stock under deferred stock plan (in shares)	1,000
Issuance of common stock under deferred stock plan	$ 91,000	0	0	91,000
Dividends declared	0	0	(37,654,000)	(37,654,000)
Share-based compensation	4,139,000	0	0	4,139,000
Net earnings	$ 0	0	94,819,000	$ 94,819,000
Repurchase of common stock (in shares)				0
Balance (in shares) at Sep. 28, 2019	18,895,000
Balance at Sep. 28, 2019	$ 45,744,000	(12,988,000)	800,995,000	$ 833,751,000
Issuance of common stock upon exercise of stock options (in shares)	73,000
Issuance of common stock upon exercise of stock options	$ 6,406,000	0	0	6,406,000
Issuance of common stock for employee stock purchase plan (in shares)	12,000
Issuance of common stock for employee stock purchase plan	$ 1,495,000	0	0	1,495,000
Foreign currency translation adjustment	$ 0	(2,599,000)	0	(2,599,000)
Issuance of common stock under deferred stock plan (in shares)	1,000
Issuance of common stock under deferred stock plan	$ 91,000	0	0	91,000
Dividends declared	0	0	(43,483,000)	(43,483,000)
Share-based compensation	4,504,000	0	0	4,504,000
Net earnings	$ 0	0	18,305,000	$ 18,305,000
Repurchase of common stock (in shares)	(66,000)			(65,648)
Repurchase of common stock	$ (8,972,000)	0	0	$ (8,972,292)
Balance (in shares) at Sep. 26, 2020	18,915,000			18,915,000
Balance at Sep. 26, 2020	$ 49,268,000	(15,587,000)	775,817,000	$ 809,498,000
Issuance of common stock upon exercise of stock options (in shares)	158,000
Issuance of common stock upon exercise of stock options	$ 18,739,000	0	0	18,739,000
Issuance of common stock for employee stock purchase plan (in shares)	11,000
Issuance of common stock for employee stock purchase plan	$ 1,391,000	0	0	1,391,000
Foreign currency translation adjustment	0	2,204,000	0	2,204,000
Dividends declared	0	0	(45,984,000)	(45,984,000)
Share-based compensation	4,199,000	0	0	4,199,000
Net earnings	$ 0	0	55,607,000	$ 55,607,000
Repurchase of common stock (in shares)				0
Balance (in shares) at Sep. 25, 2021	19,084,000			19,084,000
Balance at Sep. 25, 2021	$ 73,597,000	$ (13,383,000)	$ 785,440,000	$ 845,654,000

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Sep. 25, 2021	Sep. 26, 2020	Sep. 28, 2019
Operating activities:
Net earnings	$ 55,607,000	$ 18,305,000	$ 94,819,000
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation of fixed assets	46,781,000	49,830,000	45,225,000
Amortization of intangibles and deferred costs	2,610,000	3,218,000	3,385,000
Intangible asset impairment charges	1,273,000	0	0
Gains from disposals of property & equipment	(231,000)	(303,000)	(347,000)
Plant shutdown impairment costs	0	6,387,000	0
Amortization of bond premiums	77,000	296,000	730,000
Share-based compensation	4,199,000	4,595,000	4,230,000
Deferred income taxes	(2,896,000)	2,622,000	9,637,000
(Gain) Loss on sale of marketable securities	(1,026,000)	882,000	404,000
Changes in assets and liabilities, net of effects from purchase of companies:
Decrease (increase) in accounts receivable, net	(35,755,000)	14,580,000	(8,759,000)
Decrease (increase) in inventories	(14,155,000)	7,877,000	(3,231,000)
Decrease (increase) in prepaid expenses and other	9,629,000	(11,366,000)	(744,000)
Increase (decrease) in accounts payable and accrued liabilities	35,386,000	(4,780,000)	2,150,000
Net cash provided by operating activities	101,499,000	92,143,000	147,499,000
Investing activities:
Payments for purchases of companies, net of cash acquired	0	(57,212,000)	(1,156,000)
Purchases of property, plant and equipment	(53,578,000)	(57,817,000)	(57,128,000)
Purchases of marketable securities	0	(6,103,000)	(26,091,000)
Proceeds from redemption and sales of marketable securities	60,891,000	73,226,000	39,158,000
Proceeds from disposal of property, plant and equipment	2,435,000	3,593,000	2,050,000
Other	191,000	(150,000)	(196,000)
Net cash provided by (used in) investing activities	9,939,000	(44,463,000)	(43,363,000)
Financing activities:
Payments to repurchase common stock	0	(8,972,000)	0
Proceeds from issuance of common stock	20,256,000	7,901,000	14,174,000
Payments on capitalized lease obligations	(144,000)	(340,000)	(356,000)
Payment of cash dividend	(44,785,000)	(42,053,000)	(36,644,000)
Net cash used in financing activities	(24,673,000)	(43,464,000)	(22,826,000)
Effect of exchange rates on cash and cash equivalents	618,000	(802,000)	(394,000)
Net increase in cash and cash equivalents	87,383,000	3,414,000	80,916,000
Cash and cash equivalents at beginning of year	195,809,000	192,395,000	111,479,000
Cash and cash equivalents at end of year	$ 283,192,000	$ 195,809,000	$ 192,395,000

Note A - Summary of Significant Accounting Policies

12 Months Ended

Sep. 25, 2021

Notes to Financial Statements

Significant Accounting Policies [Text Block]

NOTE A – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

J & J Snack Foods Corp. and Subsidiaries (the Company) manufactures, markets and distributes a variety of nutritional snack foods and beverages to the food service and retail supermarket industries. A summary of the significant accounting policies consistently applied in the preparation of the accompanying consolidated financial statements follows. Our fiscal years 2021, 2020 and 2019 comprise 52 weeks.

1. Principles of Consolidation

The consolidated financial statements were prepared in accordance with U.S. GAAP. These financial statements include the accounts of J & J Snack Foods Corp. and its wholly-owned subsidiaries. Intercompany balances and transactions have been eliminated in the consolidated financial statements.

2. Revenue Recognition

We recognize revenue in accordance with ASC 606, “Revenue from Contracts with Customers.”

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 days.

The singular performance obligation of our customer contracts for time and material repair and maintenance equipment service is the performance of the repair and maintenance with revenue being recognized at a point-in-time when the repair and maintenance is completed.

The singular performance obligation of our customer repair and maintenance equipment service contracts is the performance of the repair and maintenance with revenue being recognized over the time the service is expected to be performed. Our customers are billed for service contracts in advance of performance and therefore we have contract liability on our balance sheet.

Significant Payment Terms

In general, within our customer contracts, the purchase order identifies the product, quantity, price, pick-up allowances, payment terms and final delivery terms. Although some payment terms may be more extended, presently the majority of our payment terms are 30 days. As a result, we have used the available practical expedient and, consequently, do not adjust our revenues for the effects of a significant financing component.

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 significant changes to our estimates of variable consideration when any related uncertainties are resolved with our customers. We review and update our estimates and related accruals of variable consideration each period based on historical experience. Our recorded liability for allowances, end-user pricing adjustments and trade spending was approximately $14.6 million at September 25, 2021 and $14.3 million at September 26, 2020.

Warranties & Returns

We provide all customers with a standard or assurance type warranty. Either stated or implied, we provide assurance the related products will comply with all agreed-upon specifications and other warranties provided under the law. No services beyond an assurance warranty are provided to our customers.

We do not grant a general right of return. However, customers may return defective or non-conforming products. Customer remedies may include either a cash refund or an exchange of the product. We do not estimate a right of return and related refund liability as returns of our products are rare.

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:

Fiscal Year Ended

September 25,

September 26,

2021

2020

(in thousands)

Beginning Balance
$ 1,327 $ 1,334

Additions to contract liability
5,544 5,526

Amounts recognized as revenue
(5,774 ) (5,533 )

Ending Balance
$ 1,097 $ 1,327

Disaggregation of Revenue

See Note N for disaggregation of our net sales by class of similar product and type of customer.

Allowance for Doubtful Receivables

The Company continuously monitors collections and payments from its customers and maintains a provision for estimated credit losses. The allowance for doubtful accounts considers a number of factors including the age of receivable balances, the history of losses, expectations of future credit losses and the customers’ ability to pay off obligations. The allowance for doubtful receivables was $1,405,000 and $1,388,000 at September 25, 2021 and September 26, 2020, respectively.

3. Foreign Currency

Assets and liabilities in foreign currencies are translated into U.S. dollars at the rate of exchange prevailing at the balance sheet date. Revenues and expenses are translated at the average rate of exchange for the period. The cumulative translation adjustment is recorded as a separate component of stockholders’ equity and changes to such are included in comprehensive income.

4. Use of Estimates

In preparing financial statements in conformity with accounting principles generally accepted in the United States of America, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

5. Cash Equivalents

         Cash equivalents are short-term, highly liquid investments with original maturities of three months or less.

6. Concentrations and related risks

We maintain cash balances at financial institutions located in various states. We have cash balances at four banks totaling approximately $123 million that is in excess of federally insured limits.

Financial instruments that could potentially subject us to concentrations of credit risk are trade accounts receivable; however, such risks are limited due to the large number of customers comprising our customer base and their dispersion across geographic regions. We have approximately 28 customers with accounts receivable balances of between $1 million and $10 million and one customer with a balance of approximately $14 million.

We have several large customers that account for a significant portion of our sales. Our top ten customers accounted for 43%, 43% and 43% of our sales during fiscal years 2021, 2020 and 2019, respectively, with our largest customer accounting for 11% of our sales in 2021, 13% of our sales in 2020 and 11% of our sales in 2019. Five of the ten customers are food distributors who sell our product to many end users.

About 27% of our employees are covered by collective bargaining agreements.

None of our vendors supplied more than 10% of our ingredients and packaging in 2021, 2020 or 2019.

Virtually all of our accounts receivable are due from trade customers. Credit is extended based on evaluation of our customers’ financial condition and collateral is not required. Accounts receivable payment terms vary and are stated in the financial statements at amounts due from customers net of an allowance for doubtful accounts. At September 25, 2021 and September 26, 2020, our accounts receivables were $162,939,000 and $126,587,000, net of an allowance for doubtful accounts of $1,405,000 and $1,388,000. Accounts receivable outstanding longer than the payment terms are considered past due. We determine our allowance by considering a number of factors, including the length of time trade accounts receivable are past due, our previous loss history, customers’ current ability to pay their obligations to us, and the condition of the general economy and the industry as a whole. We write off accounts receivable when they become uncollectible, and payments subsequently received on such receivables are credited to the allowance for doubtful accounts.

7. Inventories

Inventories are valued at the lower of cost (determined by the first-in, first-out method) or net realizable value. We recognize abnormal amounts of idle facilities, freight, handling costs, and spoilage as charges of the current period. Additionally, we allocate fixed production overhead to inventories based on the normal capacity of our production facilities. We calculate normal capacity as the production expected to be achieved over a number of periods or seasons under normal circumstances, taking into account the loss of capacity resulting from planned maintenance. This requires us to use judgment to determine when production is outside the range of expected variation in production (either abnormally low or abnormally high). In periods of abnormally low production (for example, periods in which there is significantly lower demand, labor and material shortages exist, or there is unplanned equipment downtime) the amount of fixed overhead allocated to each unit of production is not increased. However, in periods of abnormally high production the amount of fixed overhead allocated to each unit of production is decreased to assure inventories are not measured above cost.

8. Investment Securities

We classify our investment securities in one of three categories: held to maturity, trading, or available for sale. Our investment portfolio at September 25, 2021 consists of investments classified as held to maturity and available for sale. The securities that we have the positive intent and ability to hold to maturity are classified as held to maturity and are stated at amortized cost. Investments classified as available for sale are reported at fair market value with unrealized gains and losses related to the changes in fair value of the securities recognized in investment income. The mutual funds and preferred stock in our available for sale portfolio do not have contractual maturities; however, we classify them as long-term assets as it is our intent to hold them for a period of over one year, although we may sell some or all of them depending on presently unanticipated needs for liquidity or market conditions. See Note C for further information on our holdings of investment securities.

9.   Depreciation and Amortization

Depreciation of equipment and buildings is provided for by the straight-line method over the assets’ estimated useful lives. We review our equipment and buildings to ensure that they provide economic benefit and are not impaired.

Amortization of leasehold 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, non-compete agreements and certain tradenames are being amortized by the straight-line method over periods ranging from 2 to 20 years and amortization expense is reflected throughout operating expenses.

Long-lived assets, including fixed assets and amortizing intangibles, are reviewed for impairment as events or changes in circumstances occur indicating that the carrying amount of the asset may not be recoverable. Indefinite lived intangibles are reviewed annually for impairment. Cash flow and sales analyses are used to assess impairment. The estimates of future cash flows and sales involve considerable management judgment and are based upon assumptions about expected future operating performance. Assumptions used in these forecasts are consistent with internal planning. The actual cash flows and sales could differ from management’s estimates due to changes in business conditions, operating performance, economic conditions, competition, and consumer preferences.

10. Fair Value of Financial Instruments

The carrying value of our short-term financial instruments, such as accounts receivables and accounts payable, approximate their fair values, based on the short-term maturities of these instruments.

11. Income Taxes

We account for our income taxes under the liability method. Under the liability method, deferred tax assets and liabilities are determined based on the difference between the financial statement and tax bases of assets and liabilities as measured by the enacted tax rates that will be in effect when these differences reverse. Deferred tax expense is the result of changes in deferred tax assets and liabilities.

Additionally, we recognize a liability for income taxes and associated penalties and interest for tax positions taken or expected to be taken in a tax return which are more likely than not to be overturned by taxing authorities (“uncertain tax positions”). We have not recognized a tax benefit in our financial statements for these uncertain tax positions.

As of September 25, 2021 and September 26, 2020, the total amount of gross unrecognized tax benefits is $343,000 and $360,000, respectively, all of which would impact our effective tax rate over time, if recognized. We recognize interest and penalties related to income tax matters as a part of the provision for income taxes. As of September 25, 2021 and September 26, 2020, we had $267,000 of accrued interest and penalties. A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

(in thousands)

Balance at September 26, 2020
$ 360

Additions based on tax positions related to the current year
-

Reductions for tax positions of prior years
-

Settlements
(17 )

Balance at September 25, 2021
$ 343

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. Virtually all the returns noted above are open for examination for three to four years.

Net earnings in the year ended September 28, 2019 benefited from a reduction of $885,000 in tax as the provision for the one-time repatriation tax was reduced as the amount recorded in 2018 was an estimate. Excluding the reduction in the provision for the one-time repatriation tax, our effective tax rate was 25.8% in 2019. Net earnings for the 2020 year benefited from a reduction in income tax expense related to state deferred taxes and provision to return adjustments of approximately $2.2 million. Excluding these benefits, our effective tax rate in our fiscal 2020 year was 25.0%. Our effective tax rate in our fiscal 2021 year was 24.9%.

12. Earnings Per Common Share

         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:

Fiscal Year Ended September 25, 2021

Income

Shares

Per Share

(Numerator)

(Denominator)

Amount

(in thousands, except per share amounts)

Earnings Per Basic Share

Net Income available to common stockholders
$ 55,607 19,013 $ 2.92

Effect of Dilutive Securities

Options
- 120 (0.01 )

Earnings Per Diluted Share

Net Income available to common stockholders plus assumed conversions
$ 55,607 19,133 $ 2.91

284,480 anti-dilutive shares have been excluded in the computation of 2021 diluted EPS.

Fiscal Year Ended September 26, 2020

Income

Shares

Per Share

(Numerator)

(Denominator)

Amount

(in thousands, except per share amounts)

Earnings Per Basic Share

Net Income available to common stockholders
$ 18,305 18,901 $ 0.97

Effect of Dilutive Securities

Options
- 131 (0.01 )

Earnings Per Diluted Share

Net Income available to common stockholders plus assumed conversions
$ 18,305 19,032 $ 0.96

341,849 anti-dilutive shares have been excluded in the computation of 2020 diluted EPS.

Fiscal Year Ended September 28, 2019

Income

Shares

Per Share

(Numerator)

(Denominator)

Amount

(in thousands, except per share amounts)

Earnings Per Basic Share

Net Income available to common stockholders
$ 94,819 18,812 $ 5.04

Effect of Dilutive Securities

Options
- 147 (0.04 )

Earnings Per Diluted Share

Net Income available to common stockholders plus assumed conversions
$ 94,819 18,959 $ 5.00

162,070 anti-dilutive shares have been excluded in the computation of 2019 diluted EPS.

13.    Accounting for Stock-Based Compensation

At September 25, 2021, the Company has three stock-based employee compensation plans. Share-based compensation was recognized as follows:

Fiscal year ended

September 25,

September 26,

September 28,

2021

2020

2019

(in thousands)

Stock options
$ 2,265 $ 2,874 $ 1,743

Stock purchase plan
573 390 390

Stock issued to an outside director
44 66 66

Restricted stock issued to employees
93 - -

Total share-based compensation
$ 2,975 $ 3,330 $ 2,199

The above compensation is net of tax benefits
$ 1,224 $ 1,265 $ 2,030

At September 25, 2021, the Company has unrecognized compensation expense of approximately $6.6 million to be recognized over the next three fiscal years.

The fair value of each option grant is estimated on the date of grant using the Black-Scholes options-pricing model with the following weighted average assumptions used for grants in fiscal 2021, 2020 and 2019: expected volatility of 25.8% for fiscal year 2021, 17.4% for fiscal year 2020 and 17.2% for fiscal year 2019: weighted average risk-free interest rates of 0.8%, 0.3% and 2.1%; dividend rate of 1.4%, 1.8% and 1.2% and expected lives ranging between 4 and 10 years for all years.

Expected volatility is based on the historical volatility of the price of our common shares over the past 51 months for 5-year options and 10 years for 10-year options. We use historical information to estimate expected life and forfeitures within the valuation model. The expected term of awards represents the period of time that options granted are expected to be outstanding. The risk-free rate for periods within the expected life of the option is based on the U.S. Treasury yield curve in effect at the time of grant. Compensation cost is recognized using a straight-line method over the vesting or service period and is net of estimated forfeitures.

14.     Advertising Costs

Advertising costs are expensed as incurred. Total advertising expense was $4,885,000, $6,461,000, and $5,938,000 for the fiscal years 2021, 2020 and 2019, respectively.

15.  Commodity Price Risk Management

Our most significant raw material requirements include flour, packaging, shortening, corn syrup, sugar, juice, cheese, chocolate, and a variety of nuts. We attempt to minimize the effect of future price fluctuations related to the purchase of raw materials primarily through forward purchasing to cover future manufacturing requirements, generally for periods from 1 to 12 months. As of September 25, 2021, we have approximately $78 million of such commitments. Futures contracts are not used in combination with forward purchasing of these raw materials. Our procurement practices are intended to reduce the risk of future price increases, but also may potentially limit the ability to benefit from possible price decreases. Our policy is to recognize estimated losses on purchase commitments when they occur. At each of the last three fiscal year ends, we did not have any material losses on our purchase commitments.

16.         Research and Development Costs

Research and development costs are expensed as incurred. Total research and development expense was $619,000, $680,000 and $645,000 for the fiscal years 2021, 2020 and 2019, respectively.

17.         Recent Accounting Pronouncements

In February 2016, the FASB issued guidance on lease accounting which requires that an entity recognize most leases on its balance sheet. The guidance retains a dual lease accounting model for purposes of income statement recognition, continuing the distinction between what are currently known as “capital” and “operating” leases for lessees. We adopted the guidance on September 29, 2019 using this alternate transition method, but we did not record a cumulative-effect adjustment from initially applying the standard. We elected the package of practical expedients that permits us not to reassess our prior conclusions about lease identification, lease classification and initial direct costs and made an accounting policy election to exclude short-term leases with an initial term of 12 months or less from our Consolidated Balance Sheets. We have completed the implementation of a lease accounting system to enable the preparation of financial information and have implemented relevant accounting policies and internal controls surrounding the lease accounting process. As a result of adoption, on September 29, 2019, we recognized a right-of-use asset and lease liability of $71 million and $72 million, respectively. The right-of-use asset balance reflects the reclassification of deferred rent and prepaid rent against the initial asset. The adoption did not impact our results of operations or cash flows. See additional lease disclosures in Note P.

In June 2016, the FASB issued ASU 2016-13, Measurement of Credit Losses on Financial Instruments, which changes the impairment model used to measure credit losses for most financial assets. We are required to recognize an allowance that reflects the Company’s current estimate of credit losses expected to be incurred over the life of the financial asset, including trade receivables and held to maturity debt securities.

The Company adopted this guidance in the first quarter of Fiscal 2021 using the modified retrospective transition method. The adoption of ASU 2016-13 did not have a material impact on the Company’s consolidated financial statements.

18.         Reclassifications

Certain prior year financial statement amounts have been reclassified to be consistent with the presentation for the current year.

Note B - Acquisitions

12 Months Ended

Sep. 25, 2021

Notes to Financial Statements

Business Combination Disclosure [Text Block]

NOTE B – ACQUISITIONS

On October 1, 2019, we acquired the assets of ICEE Distributors LLC, based in Bossier City, Louisiana for approximately $45 million. ICEE Distributors does business in Arkansas, Louisiana and Texas. Sales and operating income of ICEE Distributors were $9.7 million and $2.4 million for the year ended September 25, 2021. Sales and operating income of ICEE Distributors were $11.4 million and $3.6 million for the year ended September 26, 2020.

On February 4, 2020, we acquired the assets of BAMA ICEE, based in Birmingham, Alabama for approximately $12 million. BAMA ICEE does business in Alabama and Georgia. Sales and operating income of BAMA ICEE were $1.8 million and $0.5 million for the year ended September 25, 2021. Sales and operating income of BAMA ICEE were $1.7 million and $0.6 million for the year ended September 26, 2020.

The purchase price allocations for these two acquisitions are as follows:

	(in thousands)

	ICEE			BAMA			Total
	Distributors			ICEE

Accounts Receivable, net	$	721		$	71		$	792
Inventories		866			77			943
Property, plant & equipment, net		4,851			1,722			6,573
Customer Relationships		569			133			702
Distribution rights		22,400			6,800			29,200
Goodwill		15,773			3,549			19,322
Accounts Payable		(210	)		(110	)		(320	)
Purchase Price	$	44,970		$	12,242		$	57,212

The goodwill and intangible assets acquired in the business combinations are recorded at estimated fair value. To measure fair value for such assets, we use techniques including discounted expected future cash flows (Level 3 input). The goodwill recognized is attributable to the assembled workforce of each acquired business and certain other strategic intangible assets that do not meet the requirements for recognition separate and apart from goodwill. Acquisition costs of $76,000 are included in other general expense for the year ended September 26, 2020.

Our unaudited proforma results, giving effect to these acquisitions and assuming an acquisition date of September 30, 2018, would have been:

	Fiscal Year Ended
	September 26,		September 28,
	2020		2019

Net Sales	$	1,022,838	$	1,201,804

Net Earnings	$	18,303	$	96,945

Note C - Investment Securities

12 Months Ended

Sep. 25, 2021

Notes to Financial Statements

Fair Value Disclosures [Text Block]

NOTE C – INVESTMENT SECURITIES

We have classified our investment securities as marketable securities held to maturity and available for sale. The FASB defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability. As a basis for considering such assumptions, the FASB has established three levels of inputs that may be used to measure fair value:

Level 1 Observable inputs such as quoted prices in active markets for identical assets or liabilities;

Level 2 Observable inputs, other than Level 1 inputs in active markets, that are observable either directly or indirectly; and

Level 3 Unobservable inputs for which there is little or no market data, which require the reporting entity to develop its own assumptions.

Our marketable securities held to maturity and available for sale consist primarily of investments in mutual funds, preferred stock and corporate bonds. The fair values of mutual funds are based on quoted market prices in active markets and are classified within Level 1 of the fair value hierarchy. The fair values of preferred stock and corporate bonds are based on quoted prices for identical or similar instruments in markets that are not active. As a result, preferred stock and corporate bonds are classified within Level 2 of the fair value hierarchy.

The amortized cost, unrealized gains and losses, and fair market values of our marketable securities held to maturity at September 25, 2021 are summarized as follows:

			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 marketable securities available for sale at September 25, 2021 are summarized as follows:

			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 mutual funds seek current income with an emphasis on maintaining low volatility and overall moderate duration. The mutual funds presently generate income of about 3.5% per year. We have invested $7 million in Fixed-to-Floating Perpetual Preferred Stock which generates fixed income to call dates in 2025 and then income is based on a spread above LIBOR if the securities are not called. The annual yield from these investments is presently 5.9%, of which 50% is not subject to income tax. The mutual funds and the Fixed-to-Floating Perpetual Preferred Stock investment securities do not have contractual maturities; however, we classify them as long-term assets as it is our intent to hold them for a period of over one year, although we may sell some or all of them depending on presently unanticipated needs for liquidity or market conditions. We have invested $12 million in corporate bonds which generate fixed income to maturity dates in 2021 through 2023, with $8 million maturing prior to the end of our fiscal year 2022. The bonds presently generate income of about 3.1% per year based on purchase price. Our expectation is that we will hold the corporate bonds to their maturity dates and redeem them at our amortized cost.

The amortized cost, unrealized gains and losses, and fair market values of our marketable securities held to maturity at September 26, 2020 are summarized as follows:

			Gross		Gross		Fair
	*Amortized*		*Unrealized*		*Unrealized*		*Market*
	*Cost*		*Gains*		*Losses*		*Value*
	(in thousands)
Corporate Bonds	$	68,078	$	1,015	$	32	$	69,061
Total marketable securities held to maturity	$	68,078	$	1,015	$	32	$	69,061

The amortized cost, unrealized gains and losses, and fair market values of our marketable securities available for sale at September 26, 2020 are summarized as follows:

			Gross		Gross		Fair
	*Amortized*		*Unrealized*		*Unrealized*		*Market*
	*Cost*		*Gains*		*Losses*		*Value*
	(in thousands)

Mutual Funds	$	3,588	$	-	$	738	$	2,850
Preferred Stock		11,596		116		586		11,126
Total marketable securities available for sale	$	15,184	$	116	$	1,324	$	13,976

The amortized cost and fair value of the Company’s held to maturity securities by contractual maturity at September 25, 2021 and September 26, 2020 are summarized as follows:

	September 25, 2021				September 26, 2020

			*Fair*				*Fair*
	*Amortized*		*Market*		*Amortized*		*Market*
	*Cost*		*Value*		*Cost*		*Value*
	(in thousands)
Due in one year or less	$	7,980	$	8,080	$	51,151	$	51,815
Due after one year through five years		4,047		4,052		16,927		17,246
Due after five years through ten years		-		-		-		-
Total held to maturity securities	$	12,027	$	12,132	$	68,078	$	69,061
Less current portion		7,980		8,080		51,151		51,815
Long term held to maturity securities	$	4,047	$	4,052	$	16,927	$	17,246

Proceeds from the sale and redemption of marketable securities were $60,891,000, $73,226,000, and $39,158,000 in the years ended September 25, 2021, September 26, 2020, and September 28, 2019, respectively; with a gain of $213,000 in 2021, a gain of $83,000 in 2020 and a gain of $27,000 in 2019. We use the specific identification method to determine the cost of securities sold. Unrealized losses of $813,000 and 965,000 were recorded in 2021 and 2020, respectively.

Total marketable securities held to maturity as of September 25, 2021 with credit ratings of AAA/AA/A had an amortized cost basis totaling $1,469,000 and those with credit ratings of BBB/BB/B had an amortized cost basis totaling $10,558,000. This rating information was obtained September 30, 2021.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Note D - Inventories

12 Months Ended

Sep. 25, 2021

Notes to Financial Statements

Inventory Disclosure [Text Block]

NOTE D – INVENTORIES

Inventories consist of the following:

	September 25,		September 26,
	2021		2020
	(in thousands)

Finished goods	$	49,756	$	40,184
Raw materials		29,529		24,550
Packaging materials		11,168		10,545
Equipment, parts and other		32,707		33,644
Total Inventories	$	123,160	$	108,923

Note E - Property, Plant and Equipment

12 Months Ended

Sep. 25, 2021

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

NOTE E – PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consist of the following:

					Estimated
	September 25, 2021		September 26, 2020		Useful Lives (in years)
	(in thousands)

Land	$	2,494	$	2,494			-
Buildings		26,582		26,582		15	-	39.5
Plant machinery and equipment		343,716		330,168		5	-	20
Marketing equipment		258,624		250,914		5	-	7
Transportation equipment		10,315		9,966			5
Office equipment		34,648		33,878		3	-	5
Improvements		45,578		43,264		5	-	20
Construction in Progress		35,285		19,995			-
		757,242		717,261
Less accumulated depreciation and amortization		490,055		455,645
Property, plant and equipment, net	$	267,187	$	261,616

Depreciation expense was $46,781,000, $49,830,000, and $45,225,000 for fiscal years 2021, 2020 and 2019, respectively.

Note F - Goodwill and Intangible Assets

12 Months Ended

Sep. 25, 2021

Notes to Financial Statements

Goodwill and Intangible Assets Disclosure [Text Block]

NOTE F – GOODWILL AND INTANGIBLE ASSETS

Our three reporting units, which are also reportable segments, are Food Service, Retail Supermarket and Frozen Beverages.

The carrying amount of acquired intangible assets for the reportable segments are as follows:

	September 25, 2021				September 26, 2020
	Gross				Gross
	Carrying		Accumulated		Carrying		Accumulated
	Amount		Amortization		Amount		Amortization
	(in thousands)

FOOD SERVICE

Indefinite lived intangible assets
Trade Names	$	10,408	$	812	$	10,408	$	-

Amortized intangible assets
Non compete agreements		670		670		670		645
Customer relationships		13,000		6,188		19,737		11,595
License and rights		1,690		1,396		1,690		1,312
TOTAL FOOD SERVICE	$	25,768	$	9,066	$	32,505	$	13,552

RETAIL SUPERMARKETS

Indefinite lived intangible assets
Trade Names	$	12,777	$	461	$	12,750	$	-

Amortized Intangible Assets
Trade names		649		649		676		519
Customer relationships		7,907		5,931		7,907		5,140
TOTAL RETAIL SUPERMARKETS	$	21,333	$	7,041	$	21,333	$	5,659

FROZEN BEVERAGES

Indefinite lived intangible assets
Trade Names	$	9,315	$	-	$	9,315	$	-
Distribution rights		36,100		-		36,100		-

Amortized intangible assets
Customer relationships		1,439		400		1,439		257
Licenses and rights		1,400		1,072		1,400		1,002
TOTAL FROZEN BEVERAGES	$	48,254	$	1,472	$	48,254	$	1,259

CONSOLIDATED	$	95,355	$	17,579	$	102,092	$	20,470

The gross carrying amount of intangible assets is determined by applying a discounted cash flow model to the future sales and earnings associated with each intangible asset or is set by contract cost. The amortization period used for definite lived intangible assets is set by contract period or by the period over which the bulk of the discounted cash flow is expected to be generated. We currently believe that we will receive the benefit from the use of the trade names and distribution rights classified as indefinite lived intangible assets indefinitely and they are therefore not amortized.

Licenses and rights, customer relationships and non-compete agreements are being amortized by the straight-line method over periods ranging from 2 to 20 years and amortization expense is reflected throughout operating expenses.

Amortizing intangibles are reviewed for impairment as events or changes in circumstances occur indicating that the carrying amount of the asset may not be recoverable. Indefinite lived intangibles are reviewed annually at year end for impairment. Cash flow and sales analyses are used to assess impairment. The estimates of future cash flows and sales involve considerable management judgment and are based upon assumptions about expected future operating performance which include Level 3 inputs such as annual growth rates and discount rates. Assumptions used in these forecasts are consistent with internal planning. The actual cash flows and sales could differ from management’s estimates due to changes in business conditions, operating performance, economic conditions, competition, and consumer preferences.

In connection with our annual impairment assessment conducted during the fourth quarter of 2021, we determined that the carrying amounts of two trade names exceeded their fair value as of September 25, 2021. As a result, the Company recorded an indefinite lived intangible asset impairment charge of $1,273,000 in the fourth quarter of 2021. The intangible asset impairment charge is reflected in Intangible asset impairment charges in the Consolidated Statements of Earnings. Of the total impairment charge, $812,000 related to trade names in the Food Service segment and $461,000 related to trade names in the Retail Supermarket segment.

There were no intangible assets acquired in fiscal year 2021. In fiscal year 2020, intangible assets of $22,969,000 were added in the frozen beverages segment from the acquisition of ICEE Distributors in the quarter ended December 28, 2019 and $6,933,000 from the acquisition of BAMA ICEE in the quarter ended March 28, 2020. Intangible assets of $480,000 were acquired in the Frozen Beverage segment in fiscal year 2019.

Aggregate amortization expense of intangible assets for the fiscal years 2021, 2020 and 2019 was $2,610,000, $3,202,000, and $3,320,000, respectively.

Estimated amortization expense for the next five fiscal years is approximately $2,300,000 in 2022 and 2023, $2,000,000 in 2024 and $1,400,000 in 2025 and 2026. The weighted average amortization period of the intangible assets is 10.9 years.

Goodwill

The carrying amounts of goodwill for the reportable segments are as follows:

	Food		Retail		Frozen
	Service		Supermarkets		Beverages		Total

	(in thousands)

Balance at

September 25, 2021	$	61,189	$	4,146	$	56,498	$	121,833

September 26, 2020	$	61,189	$	4,146	$	56,498	$	121,833

The carrying value of goodwill is determined based on the excess of the purchase price of acquisitions over the estimated fair value of tangible and intangible net assets. Goodwill is not amortized but is evaluated annually at year end by management for impairment. Our impairment analysis for 2021, 2020 and 2019 was based on a combination of the income approach, which estimates the fair value of reporting units based on discounted cash flows, and the market approach, which estimates the fair value of reporting units based on comparable market prices and multiples. Under the income approach the Company used a discounted cash flow which requires Level 3 inputs such as: annual growth rates, discount rates based upon the weighted average cost of capital and terminal values based upon current stock market multiples. There were no impairment charges in 2021, 2020 and 2019.

No goodwill was acquired in fiscal years 2021. In fiscal year 2020, goodwill of $15,773,000 was added in the frozen beverages segment from the acquisition of ICEE Distributors in the quarter ended December 28, 2019 and $3,549,000 from the acquisition of BAMA ICEE in the quarter ended March 28, 2020.

Note G - Long-term Debt

12 Months Ended

Sep. 25, 2021

Notes to Financial Statements

Debt Disclosure [Text Block]

NOTE G – LONG-TERM DEBT

In November 2016, we entered into an amended and restated loan agreement with our existing banks which provides for up to a $50,000,000 revolving credit facility repayable in November 2021, with the availability of repayments without penalty. Interest is calculated based on LIBOR plus an applicable margin. The agreement contains financial covenants and requires commitment fees in accordance with standard banking practice. As of September 25, 2021 and September 26, 2020, there were no outstanding balances under the facility. We were in compliance with the financial covenants at September 25, 2021.

On November 16, 2021, we entered into an amendment and modification to the amended and restated loan agreement which extended the maturity of the revolving credit facility to December 16, 2021.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-URI http://asc.fasb.org/topic&trid=2208564

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (h)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (g)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1E
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495348-112611

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (i)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

+ Details

Note H - Income Taxes

12 Months Ended

Sep. 25, 2021

Notes to Financial Statements

Income Tax Disclosure [Text Block]

NOTE H – INCOME TAXES

Income tax expense (benefit) is as follows:

	Fiscal year ended
	September 25,			September 26,			September 28,
	2021			2020			2019
	(in thousands)
Current
U.S. Federal	$	13,964		$	1,992		$	14,078
Foreign		860			193			2,111
State		6,431			(1,517	)		5,971
Total current expense		21,255			668			22,160

Deferred
U.S. Federal	$	(145	)	$	3,139		$	6,285
Foreign		(353	)		(536	)		849
State		(2,338	)		(110	)		2,464
Total deferred benefit		(2,836	)		2,493			9,598
Total expense	$	18,419		$	3,161		$	31,758

The provisions for income taxes differ from the amounts computed by applying the statutory federal income tax rate of 21% for the fiscal years ended 2021, 2020 and 2019 to earnings before income taxes for the following reasons:

	Fiscal year ended
	September 25,			September 26,			September 28,
	2021			2020			2019
	(in thousands)

Income taxes at federal statutory rates	$	15,545		$	4,508		$	26,581
Increase (decrease) in taxes resulting from:

State income taxes, net of federal income tax benefit		3,233			(1,285	)		6,664
One-time repatriation tax		-			-			(885	)
Increase in gross unrecognized tax benefits		-			-			20
Share based compensation		(124	)		(183	)		(777	)
Non deductible employee compensation		-			-			490
Other, net		(235	)		121			(335	)
Income tax expense	$	18,419		$	3,161		$	31,758

Net earnings in the year ended September 28, 2019 benefited from a reduction of $885,000 in tax as the provision for the one-time repatriation tax was reduced as the amount recorded in 2018 was an estimate. Excluding the reduction in the provision for the one-time repatriation tax, our effective tax rate was 25.8% in 2019. Net earnings for the 2020 year benefited from a reduction in income tax expense related to state deferred taxes and provision to return adjustments of approximately $2.2 million. Excluding these benefits, our effective tax rate in our fiscal 2020 year was 25.0%. Our effective tax rate in our fiscal 2021 year was 24.9%.

Deferred tax assets and liabilities consist of the following:

	September 25,			September 26,
	2021			2020
	(in thousands)
Deferred tax assets:
Vacation accrual	$	1,359		$	1,460
Capital loss carry forwards		14			161
Unrealized gains/losses		598			345
Insurance accrual		3,918			3,060
Operating lease liabilities		16,235			16,368
Deferred income		30			105
Allowances		2,155			2,863
Inventory capitalization		1,108			1,058
Share-based compensation		1,754			1,637
Net Operating Loss		617			697
Payroll Tax Accrual		2,307			-
Plant shutdown impairment costs		-			1,721
Foreign tax credit		404			404
Total deferred tax assets		30,499			29,879
Valuation allowance		(612	)		(506	)
Total deferred tax assets, net		29,887			29,373

Deferred tax liabilities:
Amortization of goodwill and other intangible assets		31,540			29,587
Depreciation of property and equipment		44,924			48,303
Right-of-use assets		14,773			15,605
Accounting method change 481 (a)		228			291
Total deferred tax liabilities		91,465			93,786
Total deferred tax liabilities, net	$	61,578		$	64,413

As of September 25, 2021, we have federal and state capital loss carry forwards of approximately $2,209,000 primarily from the sale of marketable securities in fiscal year 2016 and unrealized losses incurred in fiscal years 2019 and 2020. These carry forwards began to expire in 2021. Except for current year usage, we have no foreseeable capital gains that would allow us to use this asset. Accordingly, we have recorded a valuation allowance for the full amount of this deferred tax asset.

As of September 25, 2021, we have a federal net operating loss carry forward of approximately $2.9 million from the PHILLY SWIRL acquisition. These carry forwards are subject to an annual limitation under Code Section 382 of approximately $378,000 and will expire in 2033. We have determined there are no limitations to the total use of this tax asset and accordingly, have not recorded a valuation allowance for this deferred tax asset.

We have undistributed earnings of our Mexican and Canadian subsidiaries. As a result of the Tax Act, we changed our assertion with respect to foreign earnings. We are no longer permanently reinvested in earnings of our foreign subsidiaries for any year. However, due to the impact of the Tax Act and the deemed repatriation of positive accumulated earnings and profits from our foreign subsidiaries in 2017, which resulted in a Sec. 965 liability of $315,000 for our fiscal year ended September 2018, no additional U.S. federal income taxes are anticipated if our undistributed earnings in our Mexican and Canadian subsidiaries were repatriated to the U.S. However, if such funds were repatriated, a portion of the funds remitted may be subject to applicable state income taxes and non-U.S. income and withholding taxes. The amount of unrecognized deferred income tax liabilities related to potential state income tax and foreign withholding taxes is immaterial.

The Tax Act was enacted on December 22, 2017 and introduced significant changes to U.S. income tax law. Effective in 2018, the Tax Act reduced the U.S. statutory tax rate from 35% to 21%. We have updated any provisional amounts related to the Tax Act and accounting for this is now final.

The Coronavirus, Aid, Relief and Economic Security (“CARES”) Act was signed into law on March 27, 2020, which introduced and revised numerous provisions including a technical correction to qualified improvement property for assets placed in service after 2017 through 2022 to allow for immediate depreciation to be claimed on these assets and the deferral of employer’s share of certain payroll taxes. As a result of the CARES Act, we deferred $9.0 million of payroll taxes as of September 25, 2021.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 17
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 270
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-URI http://asc.fasb.org/topic&trid=2144680

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Note I - Commitments

12 Months Ended

Sep. 25, 2021

Notes to Financial Statements

Commitments and Contingencies Disclosure [Text Block]

NOTE I ‑ COMMITMENTS

We are a party to litigation which has arisen in the normal course of business which management currently believes will not have a material adverse effect on our financial condition or results of operations.

We self-insure, up to loss limits, certain insurable risks such as workers’ compensation, automobile, and general liability claims. Accruals for claims under our self-insurance program are recorded on a claims incurred basis. Our total recorded liability for all years’ claims incurred but not yet paid was $14,500,000 and $12,800,000 at September 25, 2021 and September 26, 2020, respectively. In connection with certain self-insurance agreements, we customarily enter into letters of credit arrangements with our insurers. At both September 25, 2021 and September 26, 2020, we had outstanding letters of credit totaling $9,275,000.

We have a self-insured medical plan which covers approximately 1,600 of our employees. We record a liability for incurred but not yet reported or paid claims based on our historical experience of claims payments and a calculated lag time period. Our recorded liability at September 25, 2021 and September 26, 2020 was $1,791,000 and $1,737,000, respectively.

Note J - Capital Stock

12 Months Ended

Sep. 25, 2021

Notes to Financial Statements

Repurchase Agreements, Resale Agreements, Securities Borrowed, and Securities Loaned Disclosure [Text Block]

NOTE J ‑ CAPITAL STOCK

We did not purchase any shares of our common stock in our fiscal year ended September 28, 2019.

In our fiscal year ended September 26, 2020, we purchased and retired 65,648 shares of our common stock at a cost of $8,972,292.

We did not purchase any shares of our common stock in our fiscal year ended September 25, 2021.

Note K - Stock Options

12 Months Ended

Sep. 25, 2021

Notes to Financial Statements

Share-based Payment Arrangement [Text Block]

NOTE K – STOCK OPTIONS

We have a Stock Option Plan (the “Plan”). Pursuant to the Plan, stock options may be granted to officers and our key employees which qualify as incentive stock options as well as stock options which are nonqualified. The exercise price of incentive stock options is at least the fair market value of the common stock on the date of grant. The exercise price for nonqualified options is determined by a committee of the Board of Directors. The options are generally exercisable after three years and expire no later than ten years from date of grant. There are 174,000 shares reserved under the Plan for which options have not yet been issued. There are options that were issued under prior option plans that have since been replaced that are still outstanding.

We have an Employee Stock Purchase Plan (“ESPP”) whereby employees purchase stock by making contributions through payroll deductions for six-month periods. The purchase price of the stock is 85% of the lower of the market price of the stock at the beginning of the six-month period or the end of the six-month period. In fiscal years 2021, 2020 and 2019 employees purchased 11,988, 12,292 and 12,492 shares at average purchase prices of $116.03, $121.62, and $121.37, respectively. ESPP expense of $573,000, $390,000, and $390,000 was recognized for fiscal years 2021, 2020 and 2019, respectively.

A summary of the status of our stock option plans as of fiscal years 2021, 2020 and 2019 and the changes during the years ended on those dates is represented below:

	Incentive Stock Options					Nonqualified Stock Options
				Weighted-					Weighted-
	*Stock*			*Average*		*Stock*			*Average*
	*Options*			*Exercise*		*Options*			*Exercise*
	*Outstanding*			*Price*		*Outstanding*			*Price*
Balance, September 29, 2018		433,556		$	120.90		332,269		$	105.66
Granted		118,934			163.14		66,236			171.78
Exercised		(100,018	)		102.01		(35,763	)		101.03
Canceled		(18,320	)		127.88		-			-

Balance, September 28, 2019		434,152			136.53		362,742			118.19
Granted		124,414			126.33		37,074			125.83
Exercised		(51,350	)		109.73		(24,182	)		53.43
Canceled		(36,796	)		138.34		(29,192	)		135.79

Balance, September 26, 2020		470,420			136.62		346,442			122.04
Granted		111,862			165.53		43,970			160.14
Exercised		(102,976	)		120.83		(55,453	)		120.92
Canceled		(31,684	)		143.74		(41,222	)		95.95

Balance, September 25, 2021		447,622		$	146.98		293,737		$	132.29


Exercisable Options September 25, 2021		123,552		$	136.24		144,327		$	108.19

The weighted-average fair value of incentive stock options granted during fiscal years ended September 25, 2021, September 26, 2020 and September 28, 2019 was $31.20, $14.43 and $26.29, respectively. The weighted-average fair value of non-qualified stock options granted during the fiscal years ended September 25, 2021, September 26, 2020 and September 28, 2019 was $29.76, $14.32 and $33.11, respectively. The total intrinsic value of stock options exercised was $6.0 million, $5.7 million and $9.4 million in fiscal years 2021, 2020 and 2019, respectively.

The total cash received from these option exercises was $18.7 million, $6.4 million and $12.7 million in fiscal years 2021, 2020 and 2019, respectively; and the actual tax benefit realized from the tax deductions from these option exercises was $1.2 million, $1.1 million and $1.8 million in fiscal years 2021, 2020 and 2019, respectively.

The following table summarizes information about incentive stock options outstanding as of September 25, 2021:

			Options Outstanding						Options Exercisable
			Number		Weighted-				Number
			Outstanding		Average		Weighted-		Exercisable		Weighted-
			at		Remaining		Average		at		Average
*Range of*			*September 25,*		*Contractual*		*Exercise*		*September 25,*		*Exercise*
*Exercise Prices*			*2021*		*Life*		*Price*		*2021*		*Price*
$125.83	-	$158.97		237,596		2.3	$	131.41		123,052	$	136.13
$163.29	-	$192.13		210,026		3.7	$	164.59		500		163.29
Total options				447,622						123,552		136.24

The following table summarizes information about nonqualified stock options outstanding as of September 25, 2021:

			Options Outstanding						Options Exercisable
			Number		Weighted-				Number
			Outstanding		Average		Weighted-		Exercisable		Weighted-
			at		Remaining		Average		at		Average
*Range of*			*September 25,*		*Contractual*		*Exercise*		*September 25,*		*Exercise*
*Exercise Prices*			*2021*		*Life*		*Price*		*2021*		*Price*
$57.33	-	$94.24		60,000		2.0	$	77.45		60,000	$	77.45
$117.85	-	$131.30		98,137		2.4	$	126.11		62,681		126.27
$141.01	-	$191.40		135,600		3.1	$	161.03		21,646		141.01
Total options				293,737						144,327		108.19

Note L - 401(k) Profit-sharing Plan

12 Months Ended

Sep. 25, 2021

Notes to Financial Statements

Retirement Benefits [Text Block]

NOTE L – 401(k) PROFIT‑SHARING PLAN

We maintain a 401(k) profit-sharing plan for our employees. Under this plan, we may make discretionary profit‑sharing and matching 401(k) contributions. Contributions of $2,270,000, $2,390,000, and $2,433,000 were made in fiscal years 2021, 2020 and 2019, respectively.

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 55
-Paragraph 17
-URI http://asc.fasb.org/extlink&oid=123450688&loc=d3e4179-114921

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section S99
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=21916913&loc=d3e273930-122802

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (d)(i)
-URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (o)
-URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (p)
-URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 70
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=49170846&loc=d3e28014-114942

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-URI http://asc.fasb.org/topic&trid=2235017

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 60
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6414203&loc=d3e39689-114964

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (d)(iv)(03)
-URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (q)
-URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (r)(1)
-URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (d)(iii)
-URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (l)
-URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (r)(2)
-URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

+ Details

Note M - Cash Flow Information

12 Months Ended

Sep. 25, 2021

Notes to Financial Statements

Cash Flow, Supplemental Disclosures [Text Block]

NOTE M – CASH FLOW INFORMATION

The following is supplemental cash flow information:

Fiscal Year Ended
	September 25,		September 26,		September 28,
	2021		2020		2019
	(in thousands)
Cash paid for:
Interest	$	23	$	29	$	36
Income taxes		4,275		11,556		23,002

Non cash items:
Obtaining a right-of-use asset in exchange for a lease liability	$	6,513	$	685	$	336

Note N - Segment Reporting

12 Months Ended

Sep. 25, 2021

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

NOTE N – SEGMENT REPORTING

We principally sell our products to the food service and retail supermarket industries. Sales and results of our frozen beverages business are monitored separately from the balance of our food service business because of different distribution and capital requirements. We maintain separate and discrete financial information for the three operating segments mentioned above which is available to our Chief Operating Decision Maker. We have applied no aggregation criteria to any of these operating segments in order to determine reportable segments. 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 reportable segments is as follows:

	September 25,			September 26,			September 28,
	2021			2020			2019
	(52 weeks)			(52 weeks)			(52 weeks)
	(in thousands)
Sales to External Customers:
Food Service
Soft pretzels	$	174,977		$	150,786		$	209,227
Frozen novelties		44,605			35,176			43,672
Churros		64,916			46,881			65,976
Handhelds		75,627			36,088			31,685
Bakery		342,609			332,514			359,020
Other		22,249			17,448			26,707
Total Food Service	$	724,983		$	618,893		$	736,287

Retail Supermarket
Soft pretzels	$	54,990		$	49,157		$	36,264
Frozen novelties		100,059			88,743			73,751
Biscuits		24,197			28,317			25,316
Handhelds		7,574			12,303			10,902
Coupon redemption		(3,689	)		(3,569	)		(3,596	)
Other		1,766			2,214			1,955
Total Retail Supermarket	$	184,897		$	177,165		$	144,592

Frozen Beverages
Beverages	$	124,498		$	107,004		$	171,820
Repair and maintenance service		81,305			83,420			85,834
Machines revenue		26,953			33,986			45,811
Other		1,943			1,570			2,143
Total Frozen Beverages	$	234,699		$	225,980		$	305,608

Consolidated Sales	$	1,144,579		$	1,022,038		$	1,186,487

Depreciation and Amortization:
Food Service	$	26,738		$	28,111		$	26,978
Retail Supermarket		1,671			1,577			1,418
Frozen Beverages		20,982			23,360			20,214
Total Depreciation and Amortization	$	49,391		$	53,048		$	48,610

Operating Income:
Food Service	$	39,172		$	6,458		$	76,546
Retail Supermarket		25,914			23,202			10,460
Frozen Beverages		6,132			(12,466	)		29,950
Total Operating Income	$	71,218		$	17,194		$	116,956

Capital Expenditures:
Food Service	$	38,558		$	34,798		$	29,197
Retail Supermarket		288			1,763			1,979
Frozen Beverages		14,732			21,256			25,952
Total Capital Expenditures	$	53,578		$	57,817		$	57,128

Assets:
Food Service	$	799,149		$	738,033		$	766,081
Retail Supermarket		31,486			31,704			29,369
Frozen Beverages		291,584			286,816			223,889
Total Assets	$	1,122,219		$	1,056,553		$	1,019,339

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

+ Details

Note O - Accumulated Other Comprehensive Loss

12 Months Ended

Sep. 25, 2021

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

NOTE O - ACCUMULATED OTHER COMPREHENSIVE LOSS:

Changes to the components of accumulated other comprehensive loss are as follows:

	Fiscal Year Ended September 25, 2021
	(in thousands)


	*Foreign Currency*
	*Translation*
	*Adjustments*

Beginning Balance	$	(15,587	)

Other comprehensive income		2,204

Ending Balance	$	(13,383	)

	Fiscal Year Ended September 26, 2020
	(in thousands)


	*Foreign Currency*
	*Translation*
	*Adjustments*

Beginning Balance	$	(12,988	)

Other comprehensive loss		(2,599	)

Ending Balance	$	(15,587	)

Note P - Leases

12 Months Ended

Sep. 25, 2021

Notes to Financial Statements

Lessee, Leases [Text Block]

NOTE P – LEASES

General Lease Description

We have operating leases with initial noncancelable lease terms in excess of one year covering the rental of various facilities and equipment. Certain of these leases contain renewal options and some provide options to purchase during the lease term. Our operating leases include leases for real estate from some of our office and manufacturing facilities as well as manufacturing and non-manufacturing equipment used in our business. The remaining lease terms for these operating leases range from 1 month to 13 years.

We have finance leases with initial noncancelable lease terms in excess of one year covering the rental of various equipment. These leases are generally for manufacturing and non-manufacturing equipment used in our business. The remaining lease terms for these finance leases range from 1 year to 6 years.

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 explicitly stated in the lease, is the incremental borrowing rate, which is the rate of interest that a lessee would have to pay to borrow on a collateralized basis over a similar term an amount equal to the lease payments in a similar economic environment.

We used a 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 internal borrowing rate, treasury security rates, collateral, and credit risk specific to us, and our lease portfolio characteristics.

As of September 25, 2021, the weighted-average discount rate of our operating and finance leases was 3.3% and 3.2%, respectively. As of September 26, 2020, the weighted-average discount rate of our operating and finance leases was 3.3% and 3.1%, respectively

*Amounts Recognized in the Financial Statements*

The components of lease expense were as follows:

	Twelve Months Ended		Twelve Months Ended
	September 25, 2021		September 26, 2020
Operating lease cost in Cost of goods sold and Operating Expenses	$	15,471	$	17,250
Finance lease cost:
Amortization of assets in Cost of goods sold and Operating Expenses	$	346	$	337
Interest on lease liabilities in Interest expense & other		25		29
Total finance lease cost	$	371	$	366
Short-term lease cost in Cost of goods sold and Operating Expenses		-		-
Total net lease cost	$	15,842	$	17,616

Supplemental balance sheet information related to leases is as follows:

	September 25, 2021		September 26, 2020
Operating Leases
Operating lease right-of-use assets	$	54,555	$	58,110

Current operating lease liabilities	$	13,395	$	13,173
Noncurrent operating lease liabilities		46,557		47,688
Total operating lease liabilities	$	59,952	$	60,861

Finance Leases
Finance lease right-of-use assets in Property, plant and equipment, net	$	561	$	684

Current finance lease liabilities	$	182	$	349
Noncurrent finance lease liabilities		392		368
Total finance lease liabilities	$	574	$	717

Supplemental cash flow information related to leases is as follows:

	Twelve Months Ended		Twelve Months Ended
	September 25, 2021		September 26, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	15,651	$	17,324
Operating cash flows from finance leases	$	144	$	340
Financing cash flows from finance leases	$	25	$	29

Supplemental noncash information on lease liabilities arising from obtaining right-of-use assets	$	6,513	$	685
Supplemental noncash information on lease liabilities removed due to purchase of leased asset	$	-	$	-

As of September 25, 2021, the maturities of lease liabilities were as follows:

	Operating Leases			Finance Leases
2022	$	14,994		$	207
2023		12,821			137
2024		10,071			137
2025		6,769			65
2026		4,411			39
Thereafter		17,258			32
Total minimum payments	$	66,324		$	617
Less amount representing interest		(6,372	)		(43	)
Present value of lease obligations	$	59,952		$	574

As of September 25, 2021, the weighted-average remaining term of our operating and finance leases was 6.3 years and 4.2 years, respectively. As of September 26, 2021, the weighted average remaining term of our operating and finance leases was 7.1 years and 3.5 years, respectively.

Schedule II - Valuation and Qualifying Accounts

12 Months Ended

Sep. 25, 2021

Notes to Financial Statements

SEC Schedule, 12-09, Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]

		Opening		Charged to					Closing
Year	*Description*	*Balance*		*Expense*		*Deductions*			*Balance*

2021	Allowance for doubtful accounts	$	1,388,000	$	338,000	$	321,000	(1)	$	1,405,000

2020	Allowance for doubtful accounts	$	572,000	$	1,105,000	$	289,000	(1)	$	1,388,000

2019	Allowance for doubtful accounts	$	400,000	$	389,000	$	217,000	(1)	$	572,000

(1) Write-offs of uncollectible accounts receivable.

Significant Accounting Policies (Policies)

12 Months Ended

Sep. 25, 2021

Accounting Policies [Abstract]

Consolidation, Policy [Policy Text Block]

1. Principles of Consolidation

Revenue from Contract with Customer [Policy Text Block]

2. Revenue Recognition

We recognize revenue in accordance with ASC 606, “Revenue from Contracts with Customers.”

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 days.

The singular performance obligation of our customer contracts for time and material repair and maintenance equipment service is the performance of the repair and maintenance with revenue being recognized at a point-in-time when the repair and maintenance is completed.

The singular performance obligation of our customer repair and maintenance equipment service contracts is the performance of the repair and maintenance with revenue being recognized over the time the service is expected to be performed. Our customers are billed for service contracts in advance of performance and therefore we have contract liability on our balance sheet.

Significant Payment Terms

In general, within our customer contracts, the purchase order identifies the product, quantity, price, pick-up allowances, payment terms and final delivery terms. Although some payment terms may be more extended, presently the majority of our payment terms are 30 days. As a result, we have used the available practical expedient and, consequently, do not adjust our revenues for the effects of a significant financing component.

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 significant changes to our estimates of variable consideration when any related uncertainties are resolved with our customers. We review and update our estimates and related accruals of variable consideration each period based on historical experience. Our recorded liability for allowances, end-user pricing adjustments and trade spending was approximately $14.6 million at September 25, 2021 and $14.3 million at September 26, 2020.

Warranties & Returns

We provide all customers with a standard or assurance type warranty. Either stated or implied, we provide assurance the related products will comply with all agreed-upon specifications and other warranties provided under the law. No services beyond an assurance warranty are provided to our customers.

We do not grant a general right of return. However, customers may return defective or non-conforming products. Customer remedies may include either a cash refund or an exchange of the product. We do not estimate a right of return and related refund liability as returns of our products are rare.

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:

	Fiscal Year Ended
	September 25,			September 26,
	2021			2020
	(in thousands)

Beginning Balance	$	1,327		$	1,334
Additions to contract liability		5,544			5,526
Amounts recognized as revenue		(5,774	)		(5,533	)
Ending Balance	$	1,097		$	1,327

Disaggregation of Revenue

See Note N for disaggregation of our net sales by class of similar product and type of customer.

Allowance for Doubtful Receivables

The Company continuously monitors collections and payments from its customers and maintains a provision for estimated credit losses. The allowance for doubtful accounts considers a number of factors including the age of receivable balances, the history of losses, expectations of future credit losses and the customers’ ability to pay off obligations. The allowance for doubtful receivables was $1,405,000 and $1,388,000 at September 25, 2021 and September 26, 2020, respectively.

Foreign Currency Transactions and Translations Policy [Policy Text Block]

3. Foreign Currency

Assets and liabilities in foreign currencies are translated into U.S. dollars at the rate of exchange prevailing at the balance sheet date. Revenues and expenses are translated at the average rate of exchange for the period. The cumulative translation adjustment is recorded as a separate component of stockholders’ equity and changes to such are included in comprehensive income.

Use of Estimates, Policy [Policy Text Block]

4. Use of Estimates

In preparing financial statements in conformity with accounting principles generally accepted in the United States of America, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Cash and Cash Equivalents, Policy [Policy Text Block]

5. Cash Equivalents

Cash equivalents are short-term, highly liquid investments with original maturities of three months or less.

Concentration Risk, Credit Risk, Policy [Policy Text Block]

6. Concentrations and related risks

We maintain cash balances at financial institutions located in various states. We have cash balances at four banks totaling approximately $123 million that is in excess of federally insured limits.

Financial instruments that could potentially subject us to concentrations of credit risk are trade accounts receivable; however, such risks are limited due to the large number of customers comprising our customer base and their dispersion across geographic regions. We have approximately 28 customers with accounts receivable balances of between $1 million and $10 million and one customer with a balance of approximately $14 million.

We have several large customers that account for a significant portion of our sales. Our top ten customers accounted for 43%, 43% and 43% of our sales during fiscal years 2021, 2020 and 2019, respectively, with our largest customer accounting for 11% of our sales in 2021, 13% of our sales in 2020 and 11% of our sales in 2019. Five of the ten customers are food distributors who sell our product to many end users.

About 27% of our employees are covered by collective bargaining agreements.

None of our vendors supplied more than 10% of our ingredients and packaging in 2021, 2020 or 2019.

Virtually all of our accounts receivable are due from trade customers. Credit is extended based on evaluation of our customers’ financial condition and collateral is not required. Accounts receivable payment terms vary and are stated in the financial statements at amounts due from customers net of an allowance for doubtful accounts. At September 25, 2021 and September 26, 2020, our accounts receivables were $162,939,000 and $126,587,000, net of an allowance for doubtful accounts of $1,405,000 and $1,388,000. Accounts receivable outstanding longer than the payment terms are considered past due. We determine our allowance by considering a number of factors, including the length of time trade accounts receivable are past due, our previous loss history, customers’ current ability to pay their obligations to us, and the condition of the general economy and the industry as a whole. We write off accounts receivable when they become uncollectible, and payments subsequently received on such receivables are credited to the allowance for doubtful accounts.

Inventory, Policy [Policy Text Block]

7. Inventories

Inventories are valued at the lower of cost (determined by the first-in, first-out method) or net realizable value. We recognize abnormal amounts of idle facilities, freight, handling costs, and spoilage as charges of the current period. Additionally, we allocate fixed production overhead to inventories based on the normal capacity of our production facilities. We calculate normal capacity as the production expected to be achieved over a number of periods or seasons under normal circumstances, taking into account the loss of capacity resulting from planned maintenance. This requires us to use judgment to determine when production is outside the range of expected variation in production (either abnormally low or abnormally high). In periods of abnormally low production (for example, periods in which there is significantly lower demand, labor and material shortages exist, or there is unplanned equipment downtime) the amount of fixed overhead allocated to each unit of production is not increased. However, in periods of abnormally high production the amount of fixed overhead allocated to each unit of production is decreased to assure inventories are not measured above cost.

Marketable Securities, Policy [Policy Text Block]

8. Investment Securities

We classify our investment securities in one of three categories: held to maturity, trading, or available for sale. Our investment portfolio at September 25, 2021 consists of investments classified as held to maturity and available for sale. The securities that we have the positive intent and ability to hold to maturity are classified as held to maturity and are stated at amortized cost. Investments classified as available for sale are reported at fair market value with unrealized gains and losses related to the changes in fair value of the securities recognized in investment income. The mutual funds and preferred stock in our available for sale portfolio do not have contractual maturities; however, we classify them as long-term assets as it is our intent to hold them for a period of over one year, although we may sell some or all of them depending on presently unanticipated needs for liquidity or market conditions. See Note C for further information on our holdings of investment securities.

Depreciation, Depletion, and Amortization [Policy Text Block]

9. Depreciation and Amortization

Depreciation of equipment and buildings is provided for by the straight-line method over the assets’ estimated useful lives. We review our equipment and buildings to ensure that they provide economic benefit and are not impaired.

Amortization of leasehold 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, non-compete agreements and certain tradenames are being amortized by the straight-line method over periods ranging from 2 to 20 years and amortization expense is reflected throughout operating expenses.

Long-lived assets, including fixed assets and amortizing intangibles, are reviewed for impairment as events or changes in circumstances occur indicating that the carrying amount of the asset may not be recoverable. Indefinite lived intangibles are reviewed annually for impairment. Cash flow and sales analyses are used to assess impairment. The estimates of future cash flows and sales involve considerable management judgment and are based upon assumptions about expected future operating performance. Assumptions used in these forecasts are consistent with internal planning. The actual cash flows and sales could differ from management’s estimates due to changes in business conditions, operating performance, economic conditions, competition, and consumer preferences.

Fair Value of Financial Instruments, Policy [Policy Text Block]

10. Fair Value of Financial Instruments

The carrying value of our short-term financial instruments, such as accounts receivables and accounts payable, approximate their fair values, based on the short-term maturities of these instruments.

Income Tax, Policy [Policy Text Block]

11. Income Taxes

We account for our income taxes under the liability method. Under the liability method, deferred tax assets and liabilities are determined based on the difference between the financial statement and tax bases of assets and liabilities as measured by the enacted tax rates that will be in effect when these differences reverse. Deferred tax expense is the result of changes in deferred tax assets and liabilities.

Additionally, we recognize a liability for income taxes and associated penalties and interest for tax positions taken or expected to be taken in a tax return which are more likely than not to be overturned by taxing authorities (“uncertain tax positions”). We have not recognized a tax benefit in our financial statements for these uncertain tax positions.

As of September 25, 2021 and September 26, 2020, the total amount of gross unrecognized tax benefits is $343,000 and $360,000, respectively, all of which would impact our effective tax rate over time, if recognized. We recognize interest and penalties related to income tax matters as a part of the provision for income taxes. As of September 25, 2021 and September 26, 2020, we had $267,000 of accrued interest and penalties. A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

	(in thousands)

Balance at September 26, 2020	$	360
Additions based on tax positions related to the current year		-
Reductions for tax positions of prior years		-
Settlements		(17	)
Balance at September 25, 2021	$	343

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. Virtually all the returns noted above are open for examination for three to four years.

Earnings Per Share, Policy [Policy Text Block]

12. Earnings Per Common Share

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:

	Fiscal Year Ended September 25, 2021
	Income		Shares		Per Share
	(Numerator)		(Denominator)		Amount
	(in thousands, except per share amounts)

Earnings Per Basic Share
Net Income available to common stockholders	$	55,607		19,013	$	2.92

Effect of Dilutive Securities
Options		-		120		(0.01	)

Earnings Per Diluted Share
Net Income available to common stockholders plus assumed conversions	$	55,607		19,133	$	2.91

284,480 anti-dilutive shares have been excluded in the computation of 2021 diluted EPS.

	Fiscal Year Ended September 26, 2020
	Income		Shares		Per Share
	(Numerator)		(Denominator)		Amount
	(in thousands, except per share amounts)

Earnings Per Basic Share
Net Income available to common stockholders	$	18,305		18,901	$	0.97

Effect of Dilutive Securities
Options		-		131		(0.01	)

Earnings Per Diluted Share
Net Income available to common stockholders plus assumed conversions	$	18,305		19,032	$	0.96

341,849 anti-dilutive shares have been excluded in the computation of 2020 diluted EPS.

	Fiscal Year Ended September 28, 2019
	Income		Shares		Per Share
	(Numerator)		(Denominator)		Amount
	(in thousands, except per share amounts)

Earnings Per Basic Share
Net Income available to common stockholders	$	94,819		18,812	$	5.04

Effect of Dilutive Securities
Options		-		147		(0.04	)

Earnings Per Diluted Share
Net Income available to common stockholders plus assumed conversions	$	94,819		18,959	$	5.00

162,070 anti-dilutive shares have been excluded in the computation of 2019 diluted EPS.

Share-based Payment Arrangement [Policy Text Block]

13. Accounting for Stock-Based Compensation

At September 25, 2021, the Company has three stock-based employee compensation plans. Share-based compensation was recognized as follows:

	Fiscal year ended
	September 25,		September 26,		September 28,
	2021		2020		2019
	(in thousands)

Stock options	$	2,265	$	2,874	$	1,743
Stock purchase plan		573		390		390
Stock issued to an outside director		44		66		66
Restricted stock issued to employees		93		-		-
Total share-based compensation	$	2,975	$	3,330	$	2,199

The above compensation is net of tax benefits	$	1,224	$	1,265	$	2,030

At September 25, 2021, the Company has unrecognized compensation expense of approximately $6.6 million to be recognized over the next three fiscal years.

The fair value of each option grant is estimated on the date of grant using the Black-Scholes options-pricing model with the following weighted average assumptions used for grants in fiscal 2021, 2020 and 2019: expected volatility of 25.8% for fiscal year 2021, 17.4% for fiscal year 2020 and 17.2% for fiscal year 2019: weighted average risk-free interest rates of 0.8%, 0.3% and 2.1%; dividend rate of 1.4%, 1.8% and 1.2% and expected lives ranging between 4 and 10 years for all years.

Expected volatility is based on the historical volatility of the price of our common shares over the past 51 months for 5-year options and 10 years for 10-year options. We use historical information to estimate expected life and forfeitures within the valuation model. The expected term of awards represents the period of time that options granted are expected to be outstanding. The risk-free rate for periods within the expected life of the option is based on the U.S. Treasury yield curve in effect at the time of grant. Compensation cost is recognized using a straight-line method over the vesting or service period and is net of estimated forfeitures.

Advertising Cost [Policy Text Block]

14. Advertising Costs

Advertising costs are expensed as incurred. Total advertising expense was $4,885,000, $6,461,000, and $5,938,000 for the fiscal years 2021, 2020 and 2019, respectively.

Derivatives, Policy [Policy Text Block]

15. Commodity Price Risk Management

Our most significant raw material requirements include flour, packaging, shortening, corn syrup, sugar, juice, cheese, chocolate, and a variety of nuts. We attempt to minimize the effect of future price fluctuations related to the purchase of raw materials primarily through forward purchasing to cover future manufacturing requirements, generally for periods from 1 to 12 months. As of September 25, 2021, we have approximately $78 million of such commitments. Futures contracts are not used in combination with forward purchasing of these raw materials. Our procurement practices are intended to reduce the risk of future price increases, but also may potentially limit the ability to benefit from possible price decreases. Our policy is to recognize estimated losses on purchase commitments when they occur. At each of the last three fiscal year ends, we did not have any material losses on our purchase commitments.

Research, Development, and Computer Software, Policy [Policy Text Block]

16. Research and Development Costs

Research and development costs are expensed as incurred. Total research and development expense was $619,000, $680,000 and $645,000 for the fiscal years 2021, 2020 and 2019, respectively.

New Accounting Pronouncements, Policy [Policy Text Block]

17. Recent Accounting Pronouncements

In February 2016, the FASB issued guidance on lease accounting which requires that an entity recognize most leases on its balance sheet. The guidance retains a dual lease accounting model for purposes of income statement recognition, continuing the distinction between what are currently known as “capital” and “operating” leases for lessees. We adopted the guidance on September 29, 2019 using this alternate transition method, but we did not record a cumulative-effect adjustment from initially applying the standard. We elected the package of practical expedients that permits us not to reassess our prior conclusions about lease identification, lease classification and initial direct costs and made an accounting policy election to exclude short-term leases with an initial term of 12 months or less from our Consolidated Balance Sheets. We have completed the implementation of a lease accounting system to enable the preparation of financial information and have implemented relevant accounting policies and internal controls surrounding the lease accounting process. As a result of adoption, on September 29, 2019, we recognized a right-of-use asset and lease liability of $71 million and $72 million, respectively. The right-of-use asset balance reflects the reclassification of deferred rent and prepaid rent against the initial asset. The adoption did not impact our results of operations or cash flows. See additional lease disclosures in Note P.

In June 2016, the FASB issued ASU 2016-13, Measurement of Credit Losses on Financial Instruments, which changes the impairment model used to measure credit losses for most financial assets. We are required to recognize an allowance that reflects the Company’s current estimate of credit losses expected to be incurred over the life of the financial asset, including trade receivables and held to maturity debt securities.

The Company adopted this guidance in the first quarter of Fiscal 2021 using the modified retrospective transition method. The adoption of ASU 2016-13 did not have a material impact on the Company’s consolidated financial statements.

Reclassification, Comparability Adjustment [Policy Text Block]

18. Reclassifications

Certain prior year financial statement amounts have been reclassified to be consistent with the presentation for the current year.

Note A - Summary of Significant Accounting Policies (Tables)

12 Months Ended

Sep. 25, 2021

Notes Tables

Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]

	Fiscal Year Ended
	September 25,			September 26,
	2021			2020
	(in thousands)

Beginning Balance	$	1,327		$	1,334
Additions to contract liability		5,544			5,526
Amounts recognized as revenue		(5,774	)		(5,533	)
Ending Balance	$	1,097		$	1,327

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

	(in thousands)

Balance at September 26, 2020	$	360
Additions based on tax positions related to the current year		-
Reductions for tax positions of prior years		-
Settlements		(17	)
Balance at September 25, 2021	$	343

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

	Fiscal Year Ended September 25, 2021
	Income		Shares		Per Share
	(Numerator)		(Denominator)		Amount
	(in thousands, except per share amounts)

Earnings Per Basic Share
Net Income available to common stockholders	$	55,607		19,013	$	2.92

Effect of Dilutive Securities
Options		-		120		(0.01	)

Earnings Per Diluted Share
Net Income available to common stockholders plus assumed conversions	$	55,607		19,133	$	2.91

	Fiscal Year Ended September 26, 2020
	Income		Shares		Per Share
	(Numerator)		(Denominator)		Amount
	(in thousands, except per share amounts)

Earnings Per Basic Share
Net Income available to common stockholders	$	18,305		18,901	$	0.97

Effect of Dilutive Securities
Options		-		131		(0.01	)

Earnings Per Diluted Share
Net Income available to common stockholders plus assumed conversions	$	18,305		19,032	$	0.96

	Fiscal Year Ended September 28, 2019
	Income		Shares		Per Share
	(Numerator)		(Denominator)		Amount
	(in thousands, except per share amounts)

Earnings Per Basic Share
Net Income available to common stockholders	$	94,819		18,812	$	5.04

Effect of Dilutive Securities
Options		-		147		(0.04	)

Earnings Per Diluted Share
Net Income available to common stockholders plus assumed conversions	$	94,819		18,959	$	5.00

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]

	Fiscal year ended
	September 25,		September 26,		September 28,
	2021		2020		2019
	(in thousands)

Stock options	$	2,265	$	2,874	$	1,743
Stock purchase plan		573		390		390
Stock issued to an outside director		44		66		66
Restricted stock issued to employees		93		-		-
Total share-based compensation	$	2,975	$	3,330	$	2,199

The above compensation is net of tax benefits	$	1,224	$	1,265	$	2,030

Note B - Acquisitions (Tables)

12 Months Ended

Sep. 25, 2021

Notes Tables

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

	(in thousands)

	ICEE			BAMA			Total
	Distributors			ICEE

Accounts Receivable, net	$	721		$	71		$	792
Inventories		866			77			943
Property, plant & equipment, net		4,851			1,722			6,573
Customer Relationships		569			133			702
Distribution rights		22,400			6,800			29,200
Goodwill		15,773			3,549			19,322
Accounts Payable		(210	)		(110	)		(320	)
Purchase Price	$	44,970		$	12,242		$	57,212

Business Acquisition, Pro Forma Information [Table Text Block]

	Fiscal Year Ended
	September 26,		September 28,
	2020		2019

Net Sales	$	1,022,838	$	1,201,804

Net Earnings	$	18,303	$	96,945

Note C - Investment Securities (Tables)

12 Months Ended

Sep. 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	$	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

			Gross		Gross		Fair
	*Amortized*		*Unrealized*		*Unrealized*		*Market*
	*Cost*		*Gains*		*Losses*		*Value*
	(in thousands)
Corporate Bonds	$	68,078	$	1,015	$	32	$	69,061
Total marketable securities held to maturity	$	68,078	$	1,015	$	32	$	69,061

			Gross		Gross		Fair
	*Amortized*		*Unrealized*		*Unrealized*		*Market*
	*Cost*		*Gains*		*Losses*		*Value*
	(in thousands)

Mutual Funds	$	3,588	$	-	$	738	$	2,850
Preferred Stock		11,596		116		586		11,126
Total marketable securities available for sale	$	15,184	$	116	$	1,324	$	13,976

Investments Classified by Contractual Maturity Date [Table Text Block]

	September 25, 2021				September 26, 2020

			*Fair*				*Fair*
	*Amortized*		*Market*		*Amortized*		*Market*
	*Cost*		*Value*		*Cost*		*Value*
	(in thousands)
Due in one year or less	$	7,980	$	8,080	$	51,151	$	51,815
Due after one year through five years		4,047		4,052		16,927		17,246
Due after five years through ten years		-		-		-		-
Total held to maturity securities	$	12,027	$	12,132	$	68,078	$	69,061
Less current portion		7,980		8,080		51,151		51,815
Long term held to maturity securities	$	4,047	$	4,052	$	16,927	$	17,246

Note D - Inventories (Tables)

12 Months Ended

Sep. 25, 2021

Notes Tables

Schedule of Inventory, Current [Table Text Block]

	September 25,		September 26,
	2021		2020
	(in thousands)

Finished goods	$	49,756	$	40,184
Raw materials		29,529		24,550
Packaging materials		11,168		10,545
Equipment, parts and other		32,707		33,644
Total Inventories	$	123,160	$	108,923

Note E - Property, Plant and Equipment (Tables)

12 Months Ended

Sep. 25, 2021

Notes Tables

Property, Plant and Equipment [Table Text Block]

					Estimated
	September 25, 2021		September 26, 2020		Useful Lives (in years)
	(in thousands)

Land	$	2,494	$	2,494			-
Buildings		26,582		26,582		15	-	39.5
Plant machinery and equipment		343,716		330,168		5	-	20
Marketing equipment		258,624		250,914		5	-	7
Transportation equipment		10,315		9,966			5
Office equipment		34,648		33,878		3	-	5
Improvements		45,578		43,264		5	-	20
Construction in Progress		35,285		19,995			-
		757,242		717,261
Less accumulated depreciation and amortization		490,055		455,645
Property, plant and equipment, net	$	267,187	$	261,616

Note F - Goodwill and Intangible Assets (Tables)

12 Months Ended

Sep. 25, 2021

Notes Tables

Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block]

	September 25, 2021				September 26, 2020
	Gross				Gross
	Carrying		Accumulated		Carrying		Accumulated
	Amount		Amortization		Amount		Amortization
	(in thousands)

FOOD SERVICE

Indefinite lived intangible assets
Trade Names	$	10,408	$	812	$	10,408	$	-

Amortized intangible assets
Non compete agreements		670		670		670		645
Customer relationships		13,000		6,188		19,737		11,595
License and rights		1,690		1,396		1,690		1,312
TOTAL FOOD SERVICE	$	25,768	$	9,066	$	32,505	$	13,552

RETAIL SUPERMARKETS

Indefinite lived intangible assets
Trade Names	$	12,777	$	461	$	12,750	$	-

Amortized Intangible Assets
Trade names		649		649		676		519
Customer relationships		7,907		5,931		7,907		5,140
TOTAL RETAIL SUPERMARKETS	$	21,333	$	7,041	$	21,333	$	5,659

FROZEN BEVERAGES

Indefinite lived intangible assets
Trade Names	$	9,315	$	-	$	9,315	$	-
Distribution rights		36,100		-		36,100		-

Amortized intangible assets
Customer relationships		1,439		400		1,439		257
Licenses and rights		1,400		1,072		1,400		1,002
TOTAL FROZEN BEVERAGES	$	48,254	$	1,472	$	48,254	$	1,259

CONSOLIDATED	$	95,355	$	17,579	$	102,092	$	20,470

Schedule of Goodwill [Table Text Block]

	Food		Retail		Frozen
	Service		Supermarkets		Beverages		Total

	(in thousands)

Balance at

September 25, 2021	$	61,189	$	4,146	$	56,498	$	121,833

September 26, 2020	$	61,189	$	4,146	$	56,498	$	121,833

Note H - Income Taxes (Tables)

12 Months Ended

Sep. 25, 2021

Notes Tables

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	Fiscal year ended
	September 25,			September 26,			September 28,
	2021			2020			2019
	(in thousands)
Current
U.S. Federal	$	13,964		$	1,992		$	14,078
Foreign		860			193			2,111
State		6,431			(1,517	)		5,971
Total current expense		21,255			668			22,160

Deferred
U.S. Federal	$	(145	)	$	3,139		$	6,285
Foreign		(353	)		(536	)		849
State		(2,338	)		(110	)		2,464
Total deferred benefit		(2,836	)		2,493			9,598
Total expense	$	18,419		$	3,161		$	31,758

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	Fiscal year ended
	September 25,			September 26,			September 28,
	2021			2020			2019
	(in thousands)

Income taxes at federal statutory rates	$	15,545		$	4,508		$	26,581
Increase (decrease) in taxes resulting from:

State income taxes, net of federal income tax benefit		3,233			(1,285	)		6,664
One-time repatriation tax		-			-			(885	)
Increase in gross unrecognized tax benefits		-			-			20
Share based compensation		(124	)		(183	)		(777	)
Non deductible employee compensation		-			-			490
Other, net		(235	)		121			(335	)
Income tax expense	$	18,419		$	3,161		$	31,758

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	September 25,			September 26,
	2021			2020
	(in thousands)
Deferred tax assets:
Vacation accrual	$	1,359		$	1,460
Capital loss carry forwards		14			161
Unrealized gains/losses		598			345
Insurance accrual		3,918			3,060
Operating lease liabilities		16,235			16,368
Deferred income		30			105
Allowances		2,155			2,863
Inventory capitalization		1,108			1,058
Share-based compensation		1,754			1,637
Net Operating Loss		617			697
Payroll Tax Accrual		2,307			-
Plant shutdown impairment costs		-			1,721
Foreign tax credit		404			404
Total deferred tax assets		30,499			29,879
Valuation allowance		(612	)		(506	)
Total deferred tax assets, net		29,887			29,373

Deferred tax liabilities:
Amortization of goodwill and other intangible assets		31,540			29,587
Depreciation of property and equipment		44,924			48,303
Right-of-use assets		14,773			15,605
Accounting method change 481 (a)		228			291
Total deferred tax liabilities		91,465			93,786
Total deferred tax liabilities, net	$	61,578		$	64,413

Note K - Stock Options (Tables)

12 Months Ended

Sep. 25, 2021

Notes Tables

Share-based Payment Arrangement, Option, Activity [Table Text Block]

	Incentive Stock Options					Nonqualified Stock Options
				Weighted-					Weighted-
	*Stock*			*Average*		*Stock*			*Average*
	*Options*			*Exercise*		*Options*			*Exercise*
	*Outstanding*			*Price*		*Outstanding*			*Price*
Balance, September 29, 2018		433,556		$	120.90		332,269		$	105.66
Granted		118,934			163.14		66,236			171.78
Exercised		(100,018	)		102.01		(35,763	)		101.03
Canceled		(18,320	)		127.88		-			-

Balance, September 28, 2019		434,152			136.53		362,742			118.19
Granted		124,414			126.33		37,074			125.83
Exercised		(51,350	)		109.73		(24,182	)		53.43
Canceled		(36,796	)		138.34		(29,192	)		135.79

Balance, September 26, 2020		470,420			136.62		346,442			122.04
Granted		111,862			165.53		43,970			160.14
Exercised		(102,976	)		120.83		(55,453	)		120.92
Canceled		(31,684	)		143.74		(41,222	)		95.95

Balance, September 25, 2021		447,622		$	146.98		293,737		$	132.29


Exercisable Options September 25, 2021		123,552		$	136.24		144,327		$	108.19

Non-qualified Stock Options [Member]

Notes Tables

Share-based Payment Arrangement, Option, Exercise Price Range [Table Text Block]

			Options Outstanding						Options Exercisable
			Number		Weighted-				Number
			Outstanding		Average		Weighted-		Exercisable		Weighted-
			at		Remaining		Average		at		Average
*Range of*			*September 25,*		*Contractual*		*Exercise*		*September 25,*		*Exercise*
*Exercise Prices*			*2021*		*Life*		*Price*		*2021*		*Price*
$57.33	-	$94.24		60,000		2.0	$	77.45		60,000	$	77.45
$117.85	-	$131.30		98,137		2.4	$	126.11		62,681		126.27
$141.01	-	$191.40		135,600		3.1	$	161.03		21,646		141.01
Total options				293,737						144,327		108.19

Incentive Stock Options [Member]

Notes Tables

Share-based Payment Arrangement, Option, Exercise Price Range [Table Text Block]

			Options Outstanding						Options Exercisable
			Number		Weighted-				Number
			Outstanding		Average		Weighted-		Exercisable		Weighted-
			at		Remaining		Average		at		Average
*Range of*			*September 25,*		*Contractual*		*Exercise*		*September 25,*		*Exercise*
*Exercise Prices*			*2021*		*Life*		*Price*		*2021*		*Price*
$125.83	-	$158.97		237,596		2.3	$	131.41		123,052	$	136.13
$163.29	-	$192.13		210,026		3.7	$	164.59		500		163.29
Total options				447,622						123,552		136.24

Note M - Cash Flow Information (Tables)

12 Months Ended

Sep. 25, 2021

Notes Tables

Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]

Fiscal Year Ended
	September 25,		September 26,		September 28,
	2021		2020		2019
	(in thousands)
Cash paid for:
Interest	$	23	$	29	$	36
Income taxes		4,275		11,556		23,002

Non cash items:
Obtaining a right-of-use asset in exchange for a lease liability	$	6,513	$	685	$	336

Note N - Segment Reporting (Tables)

12 Months Ended

Sep. 25, 2021

Notes Tables

Schedule of Segment Reporting Information, by Segment [Table Text Block]

	September 25,			September 26,			September 28,
	2021			2020			2019
	(52 weeks)			(52 weeks)			(52 weeks)
	(in thousands)
Sales to External Customers:
Food Service
Soft pretzels	$	174,977		$	150,786		$	209,227
Frozen novelties		44,605			35,176			43,672
Churros		64,916			46,881			65,976
Handhelds		75,627			36,088			31,685
Bakery		342,609			332,514			359,020
Other		22,249			17,448			26,707
Total Food Service	$	724,983		$	618,893		$	736,287

Retail Supermarket
Soft pretzels	$	54,990		$	49,157		$	36,264
Frozen novelties		100,059			88,743			73,751
Biscuits		24,197			28,317			25,316
Handhelds		7,574			12,303			10,902
Coupon redemption		(3,689	)		(3,569	)		(3,596	)
Other		1,766			2,214			1,955
Total Retail Supermarket	$	184,897		$	177,165		$	144,592

Frozen Beverages
Beverages	$	124,498		$	107,004		$	171,820
Repair and maintenance service		81,305			83,420			85,834
Machines revenue		26,953			33,986			45,811
Other		1,943			1,570			2,143
Total Frozen Beverages	$	234,699		$	225,980		$	305,608

Consolidated Sales	$	1,144,579		$	1,022,038		$	1,186,487

Depreciation and Amortization:
Food Service	$	26,738		$	28,111		$	26,978
Retail Supermarket		1,671			1,577			1,418
Frozen Beverages		20,982			23,360			20,214
Total Depreciation and Amortization	$	49,391		$	53,048		$	48,610

Operating Income:
Food Service	$	39,172		$	6,458		$	76,546
Retail Supermarket		25,914			23,202			10,460
Frozen Beverages		6,132			(12,466	)		29,950
Total Operating Income	$	71,218		$	17,194		$	116,956

Capital Expenditures:
Food Service	$	38,558		$	34,798		$	29,197
Retail Supermarket		288			1,763			1,979
Frozen Beverages		14,732			21,256			25,952
Total Capital Expenditures	$	53,578		$	57,817		$	57,128

Assets:
Food Service	$	799,149		$	738,033		$	766,081
Retail Supermarket		31,486			31,704			29,369
Frozen Beverages		291,584			286,816			223,889
Total Assets	$	1,122,219		$	1,056,553		$	1,019,339

Note O - Accumulated Other Comprehensive Loss (Tables)

12 Months Ended

Sep. 25, 2021

Notes Tables

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

	Fiscal Year Ended September 25, 2021
	(in thousands)


	*Foreign Currency*
	*Translation*
	*Adjustments*

Beginning Balance	$	(15,587	)

Other comprehensive income		2,204

Ending Balance	$	(13,383	)

	Fiscal Year Ended September 26, 2020
	(in thousands)


	*Foreign Currency*
	*Translation*
	*Adjustments*

Beginning Balance	$	(12,988	)

Other comprehensive loss		(2,599	)

Ending Balance	$	(15,587	)

Note P - Leases (Tables)

12 Months Ended

Sep. 25, 2021

Notes Tables

Lease, Cost [Table Text Block]

	Twelve Months Ended		Twelve Months Ended
	September 25, 2021		September 26, 2020
Operating lease cost in Cost of goods sold and Operating Expenses	$	15,471	$	17,250
Finance lease cost:
Amortization of assets in Cost of goods sold and Operating Expenses	$	346	$	337
Interest on lease liabilities in Interest expense & other		25		29
Total finance lease cost	$	371	$	366
Short-term lease cost in Cost of goods sold and Operating Expenses		-		-
Total net lease cost	$	15,842	$	17,616

Assets and Liabilities, Lessee [Table Text Block]

	September 25, 2021		September 26, 2020
Operating Leases
Operating lease right-of-use assets	$	54,555	$	58,110

Current operating lease liabilities	$	13,395	$	13,173
Noncurrent operating lease liabilities		46,557		47,688
Total operating lease liabilities	$	59,952	$	60,861

Finance Leases
Finance lease right-of-use assets in Property, plant and equipment, net	$	561	$	684

Current finance lease liabilities	$	182	$	349
Noncurrent finance lease liabilities		392		368
Total finance lease liabilities	$	574	$	717

Lessee, Cash Flow Information [Table Text Block]

	Twelve Months Ended		Twelve Months Ended
	September 25, 2021		September 26, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	15,651	$	17,324
Operating cash flows from finance leases	$	144	$	340
Financing cash flows from finance leases	$	25	$	29

Supplemental noncash information on lease liabilities arising from obtaining right-of-use assets	$	6,513	$	685
Supplemental noncash information on lease liabilities removed due to purchase of leased asset	$	-	$	-

Lessee, Lease Liability, Maturity [Table Text Block]

	Operating Leases			Finance Leases
2022	$	14,994		$	207
2023		12,821			137
2024		10,071			137
2025		6,769			65
2026		4,411			39
Thereafter		17,258			32
Total minimum payments	$	66,324		$	617
Less amount representing interest		(6,372	)		(43	)
Present value of lease obligations	$	59,952		$	574

Schedule II - Valuation and Qualifying Accounts (Tables)

12 Months Ended

Sep. 25, 2021

Notes Tables

Summary of Valuation Allowance [Table Text Block]

		Opening		Charged to					Closing
Year	*Description*	*Balance*		*Expense*		*Deductions*			*Balance*

2021	Allowance for doubtful accounts	$	1,388,000	$	338,000	$	321,000	(1)	$	1,405,000

2020	Allowance for doubtful accounts	$	572,000	$	1,105,000	$	289,000	(1)	$	1,388,000

2019	Allowance for doubtful accounts	$	400,000	$	389,000	$	217,000	(1)	$	572,000

Note A - Summary of Significant Accounting Policies (Details Textual)	12 Months Ended
	Sep. 25, 2021 USD ($) shares	Sep. 26, 2020 USD ($) shares	Sep. 28, 2019 USD ($) shares
Contract with Customer, Asset, Allowance for Deductions	$ 14,600,000	$ 14,300,000
Accounts Receivable, Allowance for Credit Loss, Ending Balance	1,405,000	1,388,000
Cash, Uninsured Amount	123,000,000
Accounts Receivable, after Allowance for Credit Loss, Total	$ 162,939,000	126,587,000
Employees Covered Under Collective Bargaining Agreement, Percentage	27.00%
Unrecognized Tax Benefits, Ending Balance	$ 343,000	360,000
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued, Total	267,000	267,000
Effective Income Tax Rate Reconciliation, Repatriation of Foreign Earnings, Amount	$ (0)	$ (0)	$ 885,000
Effective Income Tax Rate Reconciliation, Percent, Total	24.90%	25.00%	25.80%
Effective Income Tax Rate Reconciliation, State Deferred Taxes and Provision to Return Adjustment, Amount		$ 2,200,000
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) \| shares	284,480	341,849	162,070
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total	$ 6,600,000
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)	3 years
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	25.80%	17.40%	17.20%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	0.80%	0.30%	2.10%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate	1.40%	1.80%	1.20%
Advertising Expense	$ 4,885,000	$ 6,461,000	$ 5,938,000
Unrecorded Unconditional Purchase Obligation, Total	78,000,000
Research and Development Expense, Total	619,000	680,000	$ 645,000
Operating Lease, Right-of-Use Asset	54,555,000	58,110,000
Operating Lease, Liability, Total	59,952,000	$ 60,861,000
Accounting Standards Update 2016-02 [Member]
Operating Lease, Right-of-Use Asset	71,000,000
Operating Lease, Liability, Total	$ 72,000,000
Five Year Options [Member]
Share Based Compensation Arrangement by Share Based Payment Award Fair Value Assumptions Volatility Calculation Term (Year)	51 years
Ten Year Options [Member]
Share Based Compensation Arrangement by Share Based Payment Award Fair Value Assumptions Volatility Calculation Term (Year)	10 years
Revenue Benchmark [Member] \| Customer Concentration Risk [Member]
Number of Major Customers	10	10	10
Minimum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	2 years
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term (Year)	4 years
Maximum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	20 years
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term (Year)	10 years
Customer Group One [Member]
Approximate Number of Customers	28
Customer Group One [Member] \| Minimum [Member]
Accounts Receivable, after Allowance for Credit Loss, Total	$ 1,000,000
Customer Group One [Member] \| Maximum [Member]
Accounts Receivable, after Allowance for Credit Loss, Total	10,000,000
One Customer [Member]
Accounts Receivable, after Allowance for Credit Loss, Total	$ 14,000,000
Top Ten Customers [Member] \| Revenue Benchmark [Member] \| Customer Concentration Risk [Member]
Concentration Risk, Percentage	43.00%	43.00%	43.00%
Largest Customer [Member] \| Revenue Benchmark [Member] \| Customer Concentration Risk [Member]
Concentration Risk, Percentage	11.00%	13.00%	11.00%

Note A - Summary of Significant Accounting Policies - Contract Liability (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 25, 2021	Sep. 26, 2020
Beginning Balance	$ 1,327	$ 1,334
Additions to contract liability	5,544	5,526
Amounts recognized as revenue	(5,774)	(5,533)
Ending Balance	$ 1,097	$ 1,327

Note A - Summary of Significant Accounting Policies - Unrecognized Tax Benefits (Details)	12 Months Ended
	Sep. 25, 2021 USD ($)
Balance	$ 360,000
Reductions for tax positions of prior years	0
Settlements	(17,000)
Balance	$ 343,000

Note A - Summary of Significant Accounting Policies - Calculation of EPS (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Sep. 25, 2021	Sep. 26, 2020	Sep. 28, 2019
Net Income available to common stockholders	$ 55,607	$ 18,305	$ 94,819
Net Income available to common stockholders (in shares)	19,013	18,901	18,812
Net Income available to common stockholders (in dollars per share)	$ 2.92	$ 0.97	$ 5.04
Options, shares	$ 0	$ 0	$ 0
Options, shares (in shares)	120	131	147
Options, per share (in dollars per share)	$ (0.01)	$ (0.01)	$ (0.04)
Net Income available to common stockholders plus assumed conversions	$ 55,607	$ 18,305	$ 94,819
Net Income available to common stockholders plus assumed conversions (in shares)	19,133	19,032	18,959
Net Income available to common stockholders plus assumed conversions (in dollars per share)	$ 2.91	$ 0.96	$ 5.00
Options, per share (in dollars per share)	$ 0.01	$ 0.01	$ 0.04

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 65
-Paragraph 1
-Subparagraph (e)(4)
-URI http://asc.fasb.org/extlink&oid=123482062&loc=SL123482106-238011

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22583-107794

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=125511455&loc=d3e1448-109256

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22595-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=125511455&loc=d3e1337-109256

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 65
-Paragraph 1
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123482062&loc=SL123482106-238011

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI http://asc.fasb.org/extlink&oid=125512782&loc=d3e4984-109258

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(23))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=125512782&loc=d3e3842-109258

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 7
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22644-107794

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(25))
-URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=125511455&loc=d3e1252-109256

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=125511455&loc=SL5780133-109256

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(27))
-URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI http://asc.fasb.org/extlink&oid=125512782&loc=d3e4984-109258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 7
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22644-107794

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=125512782&loc=d3e3842-109258

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=125511455&loc=d3e1252-109256

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22595-107794

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22583-107794

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=125511455&loc=SL5780133-109256

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 65
-Paragraph 1
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123482062&loc=SL123482106-238011

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(27))
-URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(23))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=125511455&loc=d3e1337-109256

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 65
-Paragraph 1
-Subparagraph (e)(4)
-URI http://asc.fasb.org/extlink&oid=123482062&loc=SL123482106-238011

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(25))
-URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227

+ Details

- Definition

Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22595-107794

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=125511455&loc=d3e1448-109256

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=125511455&loc=d3e1377-109256

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=125511455&loc=SL5780133-109256

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 10: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22583-107794

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

+ Details

- Definition

Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities, and addition from assumption of issuance of common shares for dilutive potential common shares; of income (loss) available to common shareholders.

+ References + Details

Note A - Summary of Significant Accounting Policies - Recognized Share-based Compensation (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 25, 2021	Sep. 26, 2020	Sep. 28, 2019
Share-based compensation expense	$ 2,975	$ 3,330	$ 2,199
The above compensation is net of tax benefits	1,224	1,265	2,030
Share-based Payment Arrangement, Option [Member]
Share-based compensation expense	2,265	2,874	1,743
Stock Purchase Plan [Member]
Share-based compensation expense	573	390	390
Stock Issued to Outside Directors [Member]
Share-based compensation expense	44	66	66
Restricted Stock [Member]
Share-based compensation expense	$ 93	$ 0	$ 0

Note B - Acquisitions (Details Textual) - USD ($)			12 Months Ended
Note B - Acquisitions (Details Textual) - USD ($)	Feb. 04, 2020	Oct. 01, 2019	Sep. 25, 2021	Sep. 26, 2020
ICEE Distributors LLC [Member]
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual			$ 9,700,000	$ 11,400,000
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual			2,400,000	3,600,000
BAMA ICEE [Member]
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual			1,800,000	1,700,000
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual			$ 500,000	600,000
ICEE Distributors LLC [Member]
Payments to Acquire Businesses, Gross		$ 45,000,000
BAMA ICEE [Member]
Payments to Acquire Businesses, Gross	$ 12,000,000
ICEE Distributors LLC and BAMA ICEE [Member] \| Other Operating Income (Expense) [Member]
Business Combination, Acquisition Related Costs				$ 76,000

Note B - Acquisitions - Purchase Price Allocation for Acquisitions (Details) - USD ($) $ in Thousands	Sep. 25, 2021	Sep. 26, 2020	Feb. 04, 2020	Oct. 01, 2019
Accounts Receivable, net			$ 792
Inventories			943
Property, plant & equipment, net			6,573
Goodwill	$ 121,833	$ 121,833	19,322
Accounts Payable			(320)
Purchase Price			57,212
Distribution Rights [Member]
Indefinite-Lived Intangible Assets			29,200
Customer Relationships [Member]
Finite-Lived Intangible Assets			702
ICEE Distributor [Member]
Accounts Receivable, net				$ 721
Inventories				866
Property, plant & equipment, net				4,851
Goodwill				15,773
Accounts Payable				(210)
Purchase Price				44,970
ICEE Distributor [Member] \| Distribution Rights [Member]
Indefinite-Lived Intangible Assets				22,400
ICEE Distributor [Member] \| Customer Relationships [Member]
Finite-Lived Intangible Assets				$ 569
BAMA ICEE [Member]
Accounts Receivable, net			71
Inventories			77
Property, plant & equipment, net			1,722
Goodwill			3,549
Accounts Payable			(110)
Purchase Price			12,242
BAMA ICEE [Member] \| Distribution Rights [Member]
Indefinite-Lived Intangible Assets			6,800
BAMA ICEE [Member] \| Customer Relationships [Member]
Finite-Lived Intangible Assets			$ 133

Note B - Acquisitions - Proforma Results from Acquisitions (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 26, 2020	Sep. 28, 2019
Net Sales	$ 1,022,838	$ 1,201,804
Net Earnings	$ 18,303	$ 96,945

Note C - Investment Securities (Details Textual) - USD ($)	12 Months Ended
	Sep. 25, 2021	Sep. 26, 2020	Sep. 28, 2019	Sep. 30, 2021
Proceeds from Sale and Maturity of Marketable Securities, Total	$ 60,891,000	$ 73,226,000	$ 39,158,000
Marketable Securities, Gain (Loss), Total	213,000	83,000	$ 27,000
Marketable Securities, Unrealized Gain (Loss), Total	(813,000)	(965,000)
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss, Total	12,027,000	$ 68,078,000
External Credit Rating, Investment Grade [Member]
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss, Total	$ 1,469,000			$ 10,558,000
Mutual Fund [Member]
Marketable Securities, Annual Income, Percentage	3.50%
Preferred Stock [Member]
Marketable Securities, Annual Income, Percentage	5.90%
Marketable Securities, Total	$ 7,000,000
Marketable Securities, Annual Income, Percentage, not Subject to Tax	50.00%
Corporate Bond Securities [Member]
Marketable Securities, Annual Income, Percentage	3.10%
Marketable Securities, Total	$ 12,000,000
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, without Single Maturity Date	$ 8,000,000

Note C - Investment Securities - Summary of Securities (Details) - USD ($) $ in Thousands	Sep. 25, 2021	Sep. 26, 2020
Held-to-maturity securities, amortized cost	$ 12,027	$ 68,078
Held-to-maturity securities, gross unrealized gains	123	1,015
Held-to-maturity securities, gross unrealized losses	18	32
Held-to-maturity securities, fair market value	12,132	69,061
Investment securities, cost	10,480	15,184
Investment securities, gross unrealized gains	175	116
Investment securities, gross unrealized losses	571	1,324
Investment securities, fair market value	10,084	13,976
Corporate Bond Securities [Member]
Held-to-maturity securities, amortized cost	12,027	68,078
Held-to-maturity securities, gross unrealized gains	123	1,015
Held-to-maturity securities, gross unrealized losses	18	32
Held-to-maturity securities, fair market value	12,132	69,061
Mutual Funds [Member]
Investment securities, cost	3,588	3,588
Investment securities, gross unrealized gains	0	0
Investment securities, gross unrealized losses	536	738
Investment securities, fair market value	3,052	2,850
Preferred Stock [Member]
Investment securities, cost	6,892	11,596
Investment securities, gross unrealized gains	175	116
Investment securities, gross unrealized losses	35	586
Investment securities, fair market value	$ 7,032	$ 11,126

Note C - Investment Securities - Held-to-maturity Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Sep. 25, 2021	Sep. 26, 2020
Due in one year or less, amortized cost	$ 7,980	$ 51,151
Due in one year or less, fair market value	8,080	51,815
Due after one year through five years, amortized cost	4,047	16,927
Due after one year through five years, fair market value	4,052	17,246
Due after five years through ten years, amortized cost	0	0
Due after five years through ten years, fair market value	0	0
Total held to maturity securities, amortized cost	12,027	68,078
Total held to maturity securities, fair market value	12,132	69,061
Less current portion, amortized cost	7,980	51,151
Less current portion, fair market value	8,080	51,815
Long term held to maturity securities, amortized cost	4,047	16,927
Long term held to maturity securities, fair market value	$ 4,052	$ 17,246

Note D - Inventories - Summary of Inventories (Details) - USD ($) $ in Thousands	Sep. 25, 2021	Sep. 26, 2020
Finished goods	$ 49,756	$ 40,184
Raw materials	29,529	24,550
Packaging materials	11,168	10,545
Equipment, parts and other	32,707	33,644
Total Inventories	$ 123,160	$ 108,923

Note E - Property, Plant and Equipment (Details Textual) - USD ($)	12 Months Ended
	Sep. 25, 2021	Sep. 26, 2020	Sep. 28, 2019
Depreciation, Total	$ 46,781,000	$ 49,830,000	$ 45,225,000

Note E - Property, Plant and Equipment - Summary of Property, Plant and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 25, 2021	Sep. 26, 2020
Property, plant and equipment, at cost	$ 757,242	$ 717,261
Less accumulated depreciation and amortization	490,055	455,645
Property, plant and equipment, net	267,187	261,616
Land [Member]
Property, plant and equipment, at cost	2,494	2,494
Building [Member]
Property, plant and equipment, at cost	$ 26,582	26,582
Building [Member] \| Minimum [Member]
Property, plant and equipment, estimated useful life (Year)	15 years
Building [Member] \| Maximum [Member]
Property, plant and equipment, estimated useful life (Year)	39 years 6 months
Machinery and Equipment [Member]
Property, plant and equipment, at cost	$ 343,716	330,168
Machinery and Equipment [Member] \| Minimum [Member]
Property, plant and equipment, estimated useful life (Year)	5 years
Machinery and Equipment [Member] \| Maximum [Member]
Property, plant and equipment, estimated useful life (Year)	20 years
Equipment [Member]
Property, plant and equipment, at cost	$ 258,624	250,914
Equipment [Member] \| Minimum [Member]
Property, plant and equipment, estimated useful life (Year)	5 years
Equipment [Member] \| Maximum [Member]
Property, plant and equipment, estimated useful life (Year)	7 years
Transportation Equipment [Member]
Property, plant and equipment, at cost	$ 10,315	9,966
Property, plant and equipment, estimated useful life (Year)	5 years
Office Equipment [Member]
Property, plant and equipment, at cost	$ 34,648	33,878
Office Equipment [Member] \| Minimum [Member]
Property, plant and equipment, estimated useful life (Year)	3 years
Office Equipment [Member] \| Maximum [Member]
Property, plant and equipment, estimated useful life (Year)	5 years
Improvements [Member]
Property, plant and equipment, at cost	$ 45,578	43,264
Improvements [Member] \| Minimum [Member]
Property, plant and equipment, estimated useful life (Year)	5 years
Improvements [Member] \| Maximum [Member]
Property, plant and equipment, estimated useful life (Year)	20 years
Construction in Progress [Member]
Property, plant and equipment, at cost	$ 35,285	$ 19,995

Note F - Goodwill and Intangible Assets (Details Textual)	3 Months Ended	12 Months Ended
	Sep. 25, 2021 USD ($)	Sep. 25, 2021 USD ($)	Sep. 26, 2020 USD ($)	Sep. 28, 2019 USD ($)
Number of Reportable Segments		3
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)		$ 1,273,000	$ 0	$ 0
Intangible Assets Acquired		0
Amortization of Intangible Assets, Total		2,610,000	3,202,000	3,320,000
Finite-Lived Intangible Asset, Expected Amortization, Year One	$ 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
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life (Year)		10 years 10 months 24 days
Goodwill, Impairment Loss		$ 0
Goodwill, Acquired During Period		0
Finite-Lived Intangible Asset, Expected Amortization, Year Two	2,300,000	2,300,000
Finite-Lived Intangible Asset, Expected Amortization, Year Five	1,400,000	$ 1,400,000
Frozen Beverages [Member]
Intangible Assets Acquired				480,000
Frozen Beverages [Member] \| ICEE Distributor [Member]
Intangible Assets Acquired			22,969,000
Goodwill, Acquired During Period			15,773,000
Frozen Beverages [Member] \| BAMA ICEE [Member]
Intangible Assets Acquired			$ 6,933,000
Goodwill, Acquired During Period				$ 3,549,000
Trade Names [Member]
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)	1,273,000
Trade Names [Member] \| Food Service [Member]
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)	812,000
Trade Names [Member] \| Retail Supermarket [Member]
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)	$ 461,000
Minimum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)		2 years
Maximum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)		20 years

Note F - Goodwill and Intangible Assets - Intangible Assets by Reporting Segment (Details) - USD ($) $ in Thousands	Sep. 25, 2021	Sep. 26, 2020
Finite-lived intangible assets, accumulated amortization	$ 17,579	$ 20,470
Intangible assets	95,355	102,092
Food Service [Member]
Finite-lived intangible assets, accumulated amortization	9,066	13,552
Intangible assets	25,768	32,505
Food Service [Member] \| Noncompete Agreements [Member]
Finite-lived intangible assets, gross	670	670
Finite-lived intangible assets, accumulated amortization	670	645
Food Service [Member] \| Customer Relationships [Member]
Finite-lived intangible assets, gross	13,000	19,737
Finite-lived intangible assets, accumulated amortization	6,188	11,595
Food Service [Member] \| License and Rights [Member]
Finite-lived intangible assets, gross	1,690	1,690
Finite-lived intangible assets, accumulated amortization	1,396	1,312
Retail Supermarket [Member]
Finite-lived intangible assets, accumulated amortization	7,041	5,659
Intangible assets	21,333	21,333
Retail Supermarket [Member] \| Customer Relationships [Member]
Finite-lived intangible assets, gross	7,907	7,907
Finite-lived intangible assets, accumulated amortization	5,931	5,140
Retail Supermarket [Member] \| Finite-lived Trade Names [Member]
Finite-lived intangible assets, gross	649	676
Finite-lived intangible assets, accumulated amortization	649	519
Frozen Beverages [Member]
Finite-lived intangible assets, accumulated amortization	1,472	1,259
Intangible assets	48,254	48,254
Frozen Beverages [Member] \| Customer Relationships [Member]
Finite-lived intangible assets, gross	1,439	1,439
Finite-lived intangible assets, accumulated amortization	400	257
Frozen Beverages [Member] \| License and Rights [Member]
Finite-lived intangible assets, gross	1,400	1,400
Finite-lived intangible assets, accumulated amortization	1,072	1,002
Trade Names [Member] \| Food Service [Member]
Indefinite-lived intangible assets, gross	10,408	10,408
Trade Names [Member] \| Retail Supermarket [Member]
Indefinite-lived intangible assets, gross	12,777	12,750
Trade Names [Member] \| Frozen Beverages [Member]
Indefinite-lived intangible assets, gross	9,315	9,315
Distribution Rights, Indefinite-lived [Member] \| Frozen Beverages [Member]
Indefinite-lived intangible assets, gross	$ 36,100	$ 36,100

Note F - Goodwill and Intangible Assets - Goodwill by Reporting Segment (Details) - USD ($) $ in Thousands	Sep. 25, 2021	Sep. 26, 2020	Feb. 04, 2020
Goodwill	$ 121,833	$ 121,833	$ 19,322
Food Service [Member]
Goodwill	61,189	61,189
Retail Supermarket [Member]
Goodwill	4,146	4,146
Frozen Beverages [Member]
Goodwill	$ 56,498	$ 56,498

Note G - Long-term Debt (Details Textual) - USD ($)	Sep. 25, 2021	Sep. 26, 2020	Dec. 01, 2016
Line of Credit Facility, Maximum Borrowing Capacity			$ 50,000,000
Long-term Line of Credit, Total	$ 0	$ 0

- Definition

The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

+ References + Details

Note H - Income Taxes (Details Textual) - USD ($)	12 Months Ended
Note H - Income Taxes (Details Textual) - USD ($)	Sep. 25, 2021	Sep. 26, 2020	Sep. 28, 2019	Sep. 29, 2019
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%	21.00%	21.00%
Effective Income Tax Rate Reconciliation, Changed in Prior Tax for Repatriation of Foreign Earnings, Amount			$ (885,000)
Effective Income Tax Rate Reconciliation, Percent, Total	24.90%	25.00%	25.80%
Effective Income Tax Rate Reconciliation, State Deferred Taxes and Provision to Return Adjustment, Amount		$ 2,200,000
Tax Cuts and Jobs Act, Transition Tax for Accumulated Foreign Earnings, Liability, Total				$ 315,000
Accrual for Taxes Other than Income Taxes	$ 9,000,000.0
Domestic Tax Authority [Member] \| Internal Revenue Service (IRS) [Member]
Operating Loss Carryforwards, Total	2,209,000
Domestic Tax Authority [Member] \| Internal Revenue Service (IRS) [Member] \| PHILLY SWIRL [Member]
Operating Loss Carryforwards, Total	2,900,000
Operating Loss Carryforwards, Subject to Limitation and Expiration	378,000
Operating Loss Carryforwards, Valuation Allowance, Total	$ 0

Note H - Income Taxes - Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 25, 2021	Sep. 26, 2020	Sep. 28, 2019
Current
U.S. Federal	$ 13,964	$ 1,992	$ 14,078
Foreign	860	193	2,111
State	6,431	(1,517)	5,971
Total current expense	21,255	668	22,160
Deferred
U.S. Federal	(145)	3,139	6,285
Foreign	(353)	(536)	849
State	(2,338)	(110)	2,464
Total deferred benefit	(2,836)	2,493	9,598
Total expense	$ 18,419	$ 3,161	$ 31,758

Note H - Income Taxes - Effective Income Tax Rate Reconciliation (Details) - USD ($)	12 Months Ended
	Sep. 25, 2021	Sep. 26, 2020	Sep. 28, 2019
Income taxes at federal statutory rates	$ 15,545,000	$ 4,508,000	$ 26,581,000
State income taxes, net of federal income tax benefit	3,233,000	(1,285,000)	6,664,000
One-time repatriation tax	(0)	(0)	885,000
Increase in gross unrecognized tax benefits	0	0	20,000
Share based compensation	(124,000)	(183,000)	(777,000)
Non deductible employee compensation	0	0	490,000
Other, net	(235,000)	121,000	(335,000)
Income tax expense	$ 18,419,000	$ 3,161,000	$ 31,758,000

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

Note H - Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Sep. 25, 2021	Sep. 26, 2020
Deferred tax assets:
Vacation accrual	$ 1,359	$ 1,460
Capital loss carry forwards	14	161
Unrealized gains/losses	598	345
Insurance accrual	3,918	3,060
Operating lease liabilities	16,235	16,368
Deferred income	30	105
Allowances	2,155	2,863
Inventory capitalization	1,108	1,058
Share-based compensation	1,754	1,637
Net Operating Loss	617	697
Payroll Tax Accrual	2,307	0
Plant shutdown impairment costs	0	1,721
Foreign tax credit	404	404
Total deferred tax assets	30,499	29,879
Valuation allowance	(612)	(506)
Total deferred tax assets, net	29,887	29,373
Deferred tax liabilities:
Amortization of goodwill and other intangible assets	31,540	29,587
Depreciation of property and equipment	44,924	48,303
Right-of-use assets	14,773	15,605
Accounting method change 481 (a)	228	291
Total deferred tax liabilities	91,465	93,786
Total deferred tax liabilities, net	$ 61,578	$ 64,413

Note I - Commitments (Details Textual)	Sep. 25, 2021 USD ($)	Sep. 26, 2020 USD ($)
Accrued Insurance	$ 14,500,000	$ 12,800,000
Letters of Credit Outstanding, Amount	$ 9,275,000	9,275,000
Entity Number of Employees	1,600
Self Insurance Reserve	$ 1,791,000	$ 1,737,000

Note J - Capital Stock (Details Textual) - USD ($)	12 Months Ended
Note J - Capital Stock (Details Textual) - USD ($)	Sep. 25, 2021	Sep. 26, 2020	Sep. 28, 2019
Stock Repurchased and Retired During Period, Shares (in shares)	0	65,648	0
Stock Repurchased and Retired During Period, Value		$ 8,972,292

Note K - Stock Options (Details Textual) - USD ($)	12 Months Ended
Note K - Stock Options (Details Textual) - USD ($)	Sep. 25, 2021	Sep. 26, 2020	Sep. 28, 2019
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)	3 years
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year)	10 years
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares)	174,000
Share-based Compensation Arrangement by Share-based Payment Award, Discount from Market Price, Offering Date	85.00%
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value	$ 6,000,000.0	$ 5,700,000	$ 9,400,000
Proceeds from Stock Options Exercised	18,700,000	6,400,000	12,700,000
Share-based Payment Arrangement, Exercise of Option, Tax Benefit	$ 1,200,000	$ 1,100,000	$ 1,800,000
Incentive Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share)	$ 31.20	$ 14.43	$ 26.29
Non-qualified Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share)	$ 29.76	$ 14.32	$ 33.11
Employee Stock Purchase Plan [Member]
Stock Issued During Period, Shares, Employee Stock Purchase Plans (in shares)	11,988	12,292	12,492
Share Price (in dollars per share)	$ 116.03	$ 121.62	$ 121.37
Share-based Payment Arrangement, Expense	$ 573,000	$ 390,000	$ 390,000

Note K - Stock Options - Stock Option Activity (Details) - $ / shares	12 Months Ended
	Sep. 25, 2021	Sep. 26, 2020	Sep. 28, 2019
Incentive Stock Options [Member]
Balance (in shares)	470,420	434,152	433,556
Balance, weighted average exercise price (in dollars per share)	$ 136.62	$ 136.53	$ 120.90
Granted (in shares)	111,862	124,414	118,934
Granted, weighted average exercise price (in dollars per share)	$ 165.53	$ 126.33	$ 163.14
Exercised (in shares)	(102,976)	(51,350)	(100,018)
Exercised, weighted average exercise price (in dollars per share)	$ 120.83	$ 109.73	$ 102.01
Canceled (in shares)	(31,684)	(36,796)	(18,320)
Canceled, weighted average exercise price (in dollars per share)	$ 143.74	$ 138.34	$ 127.88
Balance (in shares)	447,622	470,420	434,152
Balance, weighted average exercise price (in dollars per share)	$ 146.98	$ 136.62	$ 136.53
Exercisable options (in shares)	123,552
Exercisable Options, weighted average exercise price (in dollars per share)	$ 136.24
Non-qualified Stock Options [Member]
Balance (in shares)	346,442	362,742	332,269
Balance, weighted average exercise price (in dollars per share)	$ 122.04	$ 118.19	$ 105.66
Granted (in shares)	43,970	37,074	66,236
Granted, weighted average exercise price (in dollars per share)	$ 160.14	$ 125.83	$ 171.78
Exercised (in shares)	(55,453)	(24,182)	(35,763)
Exercised, weighted average exercise price (in dollars per share)	$ 120.92	$ 53.43	$ 101.03
Canceled (in shares)	(41,222)	(29,192)	0
Canceled, weighted average exercise price (in dollars per share)	$ 95.95	$ 135.79	$ 0
Balance (in shares)	293,737	346,442	362,742
Balance, weighted average exercise price (in dollars per share)	$ 132.29	$ 122.04	$ 118.19
Exercisable options (in shares)	144,327
Exercisable Options, weighted average exercise price (in dollars per share)	$ 108.19

Note K - Stock Options - Incentive Stock Options by Exercise Price Range (Details) - Incentive Stock Options [Member] - $ / shares	12 Months Ended
	Sep. 25, 2021	Sep. 26, 2020	Sep. 28, 2019	Sep. 29, 2018
Options outstanding (in shares)	447,622	470,420	434,152	433,556
Options outstanding, weighted-average exercise price (in dollars per share)	$ 146.98	$ 136.62	$ 136.53	$ 120.90
Exercisable options (in shares)	123,552
Exercisable Options, weighted average exercise price (in dollars per share)	$ 136.24
Exercise Price Range 1 [Member]
Range of exercise price, lower limit (in dollars per share)	0
Range of exercise price, upper limit (in dollars per share)	$ 158.97
Options outstanding (in shares)	237,596
Options oustanding, weighted-average remaining contractual life (Year)	2 years 3 months 18 days
Options outstanding, weighted-average exercise price (in dollars per share)	$ 131.41
Exercisable options (in shares)	123,052
Exercisable Options, weighted average exercise price (in dollars per share)	$ 136.13
Exercise Price Range 2 [Member]
Range of exercise price, lower limit (in dollars per share)	163.29
Range of exercise price, upper limit (in dollars per share)	$ 192.13
Options outstanding (in shares)	210,026
Options oustanding, weighted-average remaining contractual life (Year)	3 years 8 months 12 days
Options outstanding, weighted-average exercise price (in dollars per share)	$ 164.59
Exercisable options (in shares)	500
Exercisable Options, weighted average exercise price (in dollars per share)	$ 163.29

Note K - Stock Options - Nonqualified Stock Options by Exercise Price Range (Details) - Non-qualified Stock Options [Member] - $ / shares	12 Months Ended
	Sep. 25, 2021	Sep. 26, 2020	Sep. 28, 2019	Sep. 29, 2018
Options outstanding (in shares)	293,737	346,442	362,742	332,269
Options outstanding, weighted-average exercise price (in dollars per share)	$ 132.29	$ 122.04	$ 118.19	$ 105.66
Exercisable options (in shares)	144,327
Exercisable Options, weighted average exercise price (in dollars per share)	$ 108.19
Exercise Price Range 1 [Member]
Range of exercise price, lower limit (in dollars per share)	57.33
Range of exercise price, upper limit (in dollars per share)	$ 94.24
Options outstanding (in shares)	60,000
Options oustanding, weighted-average remaining contractual life (Year)	2 years
Options outstanding, weighted-average exercise price (in dollars per share)	$ 77.45
Exercisable options (in shares)	60,000
Exercisable Options, weighted average exercise price (in dollars per share)	$ 77.45
Exercise Price Range 2 [Member]
Range of exercise price, lower limit (in dollars per share)	117.85
Range of exercise price, upper limit (in dollars per share)	$ 131.30
Options outstanding (in shares)	98,137
Options oustanding, weighted-average remaining contractual life (Year)	2 years 4 months 24 days
Options outstanding, weighted-average exercise price (in dollars per share)	$ 126.11
Exercisable options (in shares)	62,681
Exercisable Options, weighted average exercise price (in dollars per share)	$ 126.27
Exercise Price Range 3 [Member]
Range of exercise price, lower limit (in dollars per share)	141.01
Range of exercise price, upper limit (in dollars per share)	$ 191.40
Options outstanding (in shares)	135,600
Options oustanding, weighted-average remaining contractual life (Year)	3 years 1 month 6 days
Options outstanding, weighted-average exercise price (in dollars per share)	$ 161.03
Exercisable options (in shares)	21,646
Exercisable Options, weighted average exercise price (in dollars per share)	$ 141.01

Note L - 401(k) Profit-sharing Plan (Details Textual) - USD ($)	12 Months Ended
	Sep. 25, 2021	Sep. 26, 2020	Sep. 28, 2019
Defined Contribution Plan, Employer Discretionary Contribution Amount	$ 2,270,000	$ 2,390,000	$ 2,433,000

Note M - Cash Flow Information - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 25, 2021	Sep. 26, 2020	Sep. 28, 2019
Interest	$ 23	$ 29	$ 36
Income taxes	4,275	11,556	23,002
Obtaining a right-of-use asset in exchange for a lease liability	$ 6,513	$ 685	$ 336

Note N - Segment Reporting (Details Textual)	12 Months Ended
Note N - Segment Reporting (Details Textual)	Sep. 25, 2021
Number of Reportable Segments	3

Note N - Segment Reporting - Operations Information by Reporting Segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 25, 2021	Sep. 26, 2020	Sep. 28, 2019
Sales	$ 1,144,579	$ 1,022,038	$ 1,186,487
Depreciation and amortization	49,391	53,048	48,610
Operating income	71,218	17,194	116,956
Capital expenditures	53,578	57,817	57,128
Assets	1,122,219	1,056,553	1,019,339
Food Service [Member]
Sales	724,983	618,893	736,287
Depreciation and amortization	26,738	28,111	26,978
Operating income	39,172	6,458	76,546
Capital expenditures	38,558	34,798	29,197
Assets	799,149	738,033	766,081
Retail Supermarket [Member]
Sales	184,897	177,165	144,592
Depreciation and amortization	1,671	1,577	1,418
Operating income	25,914	23,202	10,460
Capital expenditures	288	1,763	1,979
Assets	31,486	31,704	29,369
Frozen Beverages [Member]
Sales	234,699	225,980	305,608
Depreciation and amortization	20,982	23,360	20,214
Operating income	6,132	(12,466)	29,950
Capital expenditures	14,732	21,256	25,952
Assets	291,584	286,816	223,889
Soft Pretzels [Member] \| Food Service [Member]
Sales	174,977	150,786	209,227
Soft Pretzels [Member] \| Retail Supermarket [Member]
Sales	54,990	49,157	36,264
Frozen Juices and Ices [Member] \| Food Service [Member]
Sales	44,605	35,176	43,672
Frozen Juices and Ices [Member] \| Retail Supermarket [Member]
Sales	100,059	88,743	73,751
Churros [Member] \| Food Service [Member]
Sales	64,916	46,881	65,976
Handhelds [Member] \| Food Service [Member]
Sales	75,627	36,088	31,685
Handhelds [Member] \| Retail Supermarket [Member]
Sales	7,574	12,303	10,902
Bakery [Member] \| Food Service [Member]
Sales	342,609	332,514	359,020
Other Products [Member] \| Food Service [Member]
Sales	22,249	17,448	26,707
Other Products [Member] \| Retail Supermarket [Member]
Sales	1,766	2,214	1,955
Other Products [Member] \| Frozen Beverages [Member]
Sales	1,943	1,570	2,143
Biscuits [Member] \| Retail Supermarket [Member]
Sales	24,197	28,317	25,316
Coupon Redemtion [Member] \| Retail Supermarket [Member]
Sales	(3,689)	(3,569)	(3,596)
Beverage [Member] \| Frozen Beverages [Member]
Sales	124,498	107,004	171,820
Repair and Maintenance Service [Member] \| Frozen Beverages [Member]
Sales	81,305	83,420	85,834
Machine Sales [Member] \| Frozen Beverages [Member]
Sales	$ 26,953	$ 33,986	$ 45,811

Note O - Accumulated Other Comprehensive Loss - Changes to the Components of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 25, 2021	Sep. 26, 2020	Sep. 28, 2019
Balance	$ 809,498	$ 833,751	$ 759,091
Other comprehensive income (loss)	2,204	(2,599)	(909)
Balance	845,654	809,498	833,751
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Balance	(15,587)	(12,988)
Other comprehensive income (loss)	2,204	(2,599)
Balance	$ (13,383)	$ (15,587)	$ (12,988)

- Definition

Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 852
-SubTopic 10
-Section 55
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=84165509&loc=d3e56426-112766

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 4.E)
-URI http://asc.fasb.org/extlink&oid=122038336&loc=d3e74512-122707

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(31))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(30))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123596393&loc=d3e14064-108612

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

+ Details

Note P - Leases (Details Textual)	Sep. 25, 2021	Sep. 26, 2020
Operating Lease, Weighted Average Discount Rate, Percent	3.30%	3.30%
Finance Lease, Weighted Average Discount Rate, Percent	3.20%	3.10%
Operating Lease, Weighted Average Remaining Lease Term (Year)	6 years 3 months 18 days	7 years 1 month 6 days
Finance Lease, Weighted Average Remaining Lease Term (Year)	4 years 2 months 12 days	3 years 6 months
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 P - Leases - Components of Lease Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 25, 2021	Sep. 26, 2020
Operating lease cost in Cost of goods sold and Operating Expenses	$ 15,471	$ 17,250
Amortization of assets in Cost of goods sold and Operating Expenses	346	337
Interest on lease liabilities in Interest expense & other	25	29
Total finance lease cost	371	366
Short-term lease cost in Cost of goods sold and Operating Expenses	0	0
Total net lease cost	$ 15,842	$ 17,616

Note P - Leases - Supplemental Balance Sheet Information Related to Leases (Details) - USD ($) $ in Thousands	Sep. 25, 2021	Sep. 26, 2020
Operating lease right-of-use assets	$ 54,555	$ 58,110
Current operating lease liabilities	13,395	13,173
Noncurrent operating lease liabilities	46,557	47,688
Total operating lease liabilities	59,952	60,861
Current finance lease liabilities	182	349
Noncurrent finance lease liabilities	392	368
Total finance lease liabilities	574	717
Property, Plant and Equipment, Net [Member]
Finance lease right-of-use assets in Property, plant and equipment, net	$ 561	$ 684

Note P - Leases - Supplemental Cash Flow Information Related to Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 25, 2021	Sep. 26, 2020	Sep. 28, 2019
Operating cash flows from operating leases	$ 15,651	$ 17,324
Operating cash flows from finance leases	144	340	$ 356
Financing cash flows from finance leases	25	29
Supplemental noncash information on lease liabilities arising from obtaining right-of-use assets	$ 6,513	$ 685	$ 336

Note P - Leases - Maturities of Lease Liabilities (Details) - USD ($) $ in Thousands	Sep. 25, 2021	Sep. 26, 2020
2022, operating leases	$ 14,994
2022, finance leases	207
2023, operating leases	12,821
2023, finance leases	137
2024, operating leases	10,071
2024, finance leases	137
2025, operating leases	6,769
2025, finance leases	65
2026, operating leases	4,411
2026, finance leases	39
Thereafter, operating leases	17,258
Thereafter, finance leases	32
Total minimum payments, operating leases	66,324
Total minimum payments, finance leases	617
Less amount representing interest, operating leases	(6,372)
Less amount representing interest, finance leases	(43)
Operating Lease, Liability, Total	59,952	$ 60,861
Present value of lease obligations, finance leases	$ 574	$ 717