New
Jersey
|
22-1935537
|
(State
or other jurisdiction of
|
(I.R.S.
Employer
|
incorporation
or organization)
|
Identification
No.)
|
x
Yes
|
o
No
|
x
Yes
|
o
No
|
o
Yes
|
x
No
|
Page
|
||
Number
|
||
Part I.
|
Financial Information
|
|
Item l.
|
Consolidated
Financial Statements
|
|
Consolidated
Balance Sheets – June 28, 2008 (unaudited) and September 29,
2007
|
3
|
|
Consolidated
Statements of Earnings (unaudited) – Three Months and Nine Months Ended
June 28, 2008 and June 30, 2007
|
5
|
|
Consolidated
Statements of Cash Flows (unaudited) – Nine Months Ended June 28, 2008 and
June 30, 2007
|
6
|
|
Notes
to the Consolidated Financial Statements
|
7
|
|
Item 2.
|
Management’s
Discussion and Analysis of Financial Condition and Results of
Operations
|
25
|
Item 3.
|
Quantitative
and Qualitative Disclosures About Market Risk
|
30
|
Item 4.
|
Controls
and Procedures
|
30
|
Part II.
|
Other
Information
|
|
Item 6.
|
Exhibits
and Reports on Form 8-K
|
31
|
June 28,
|
September 29,
|
||||||
2008
|
2007
|
||||||
(Unaudited)
|
|||||||
ASSETS
|
|||||||
Current
assets
|
|||||||
Cash
and cash equivalents
|
$
|
26,389
|
$
|
15,819
|
|||
Marketable
securities
|
-
|
41,200
|
|||||
Accounts
receivable, net
|
69,372
|
57,196
|
|||||
Inventories
|
52,292
|
46,599
|
|||||
Prepaid
expenses and other
|
1,878
|
1,425
|
|||||
Deferred
income taxes
|
3,350
|
3,125
|
|||||
153,281
|
165,364
|
||||||
Property,
plant and equipment, at cost
|
|||||||
Land
|
1,466
|
1,316
|
|||||
Buildings
|
8,872
|
7,751
|
|||||
Plant
machinery and equipment
|
121,921
|
117,468
|
|||||
Marketing
equipment
|
194,144
|
191,778
|
|||||
Transportation
equipment
|
2,851
|
2,810
|
|||||
Office
equipment
|
10,735
|
10,020
|
|||||
Improvements
|
17,399
|
17,556
|
|||||
Construction
in progress
|
4,156
|
4,130
|
|||||
361,544
|
352,829
|
||||||
Less
accumulated depreciation and amortization
|
267,118
|
259,607
|
|||||
94,426
|
93,222
|
||||||
Other
assets
|
|||||||
Goodwill
|
60,314
|
60,314
|
|||||
Other
intangible assets, net
|
54,766
|
58,333
|
|||||
Auction
market preferred
|
|||||||
stock
|
35,200
|
-
|
|||||
Other
|
3,074
|
3,055
|
|||||
153,354
|
121,702
|
||||||
$
|
401,061
|
$
|
380,288
|
|
June 28,
|
|
September 29,
|
|
|||
|
|
2008
|
|
2007
|
|
||
|
|
(Unaudited)
|
|
|
|||
LIABILITIES
AND STOCKHOLDERS’ EQUITY
|
|||||||
Current
liabilities
|
|||||||
Current
obligations under capital leases
|
$
|
93
|
$
|
91
|
|||
Accounts
payable
|
54,134
|
45,278
|
|||||
Accrued
liabilities
|
10,161
|
8,309
|
|||||
Accrued
compensation expense
|
8,142
|
9,335
|
|||||
Dividends
payable
|
1,732
|
1,588
|
|||||
74,262
|
64,601
|
||||||
Long-term
obligations under
|
|||||||
capital
leases
|
404
|
474
|
|||||
Deferred
income taxes
|
19,180
|
19,180
|
|||||
Other
long-term liabilities
|
1,908
|
451
|
|||||
21,492
|
20,105
|
||||||
Stockholders’
equity
|
|||||||
Capital
stock
|
|||||||
Preferred,
$1 par value; authorized, 10,000 shares; none issued
|
-
|
-
|
|||||
Common,
no par value; authorized 50,000 shares; issued and outstanding, 18,674
and
18,702 shares, respectively
|
46,038
|
47,280
|
|||||
Accumulated
other comprehensive loss
|
(1,635
|
)
|
(2,006
|
)
|
|||
Retained
earnings
|
260,904
|
250,308
|
|||||
305,307
|
295,582
|
||||||
$
|
401,061
|
$
|
380,288
|
Three months ended
|
|
Nine months ended
|
|
||||||||||
|
|
June 28,
|
|
June 30,
|
|
June 28,
|
|
June 30,
|
|
||||
|
|
2008
|
|
2007
|
|
2008
|
|
2007
|
|||||
Net
Sales
|
$
|
176,839
|
$
|
162,510
|
$
|
451,966
|
$
|
406,692
|
|||||
Cost
of goods sold(1)
|
121,087
|
106,852
|
320,427
|
273,379
|
|||||||||
Gross
profit
|
55,752
|
55,658
|
131,539
|
133,313
|
|||||||||
Operating
expenses
|
|||||||||||||
Marketing(2)
|
18,993
|
19,261
|
51,479
|
51,298
|
|||||||||
Distribution(3)
|
14,072
|
13,201
|
39,051
|
35,908
|
|||||||||
Administrative(4)
|
5,442
|
5,286
|
15,910
|
14,875
|
|||||||||
Other
general (income)expense
|
(209
|
)
|
(896
|
)
|
(371
|
)
|
(904
|
)
|
|||||
38,298
|
36,852
|
106,069
|
101,177
|
||||||||||
Operating
income
|
17,454
|
18,806
|
25,470
|
32,136
|
|||||||||
Other
income(expenses)
|
|||||||||||||
Investment
income
|
552
|
481
|
2,055
|
2,003
|
|||||||||
Interest
expense and other
|
(20
|
)
|
(30
|
)
|
(86
|
)
|
(89
|
)
|
|||||
Earnings
before income taxes
|
17,986
|
19,257
|
27,439
|
34,050
|
|||||||||
Income
taxes
|
7,166
|
6,760
|
10,724
|
12,415
|
|||||||||
NET
EARNINGS
|
$
|
10,820
|
$
|
12,497
|
$
|
16,715
|
$
|
21,635
|
|||||
Earnings
per diluted share
|
$
|
.57
|
$
|
.66
|
$
|
.88
|
$
|
1.14
|
|||||
Weighted
average number of diluted shares
|
18,981
|
19,055
|
19,013
|
18,988
|
|||||||||
Earnings
per basic share
|
$
|
.58
|
$
|
.67
|
$
|
.89
|
$
|
1.16
|
|||||
Weighted
average number of basic shares
|
18,762
|
18,677
|
18,772
|
18,606
|
(1) |
Includes
share-based compensation expense of $59 and $170 for the three and
nine
months ended June 28, 2008, respectively and $61 and $167 for the
three
and nine months ended June 30, 2007,
respectively.
|
(2) |
Includes
share-based compensation expense of $204 and $595 for the three and
nine
months ended June 28, 2008, respectively and $189 and $501 for the
three
and nine months ended June 30, 2007,
respectively.
|
(3) |
Includes
share-based compensation expense and $6 and $17 for the three and
nine
months ended June 28, 2008, respectively and $14 and $37 for the
three and
nine months
ended June 30, 2007, respectively.
|
(4) |
Includes
share-based compensation expense of $204 and $595 for the three and
nine
months ended June 28, 2008, respectively and $196 and $553 for the
three
and nine months ended June 30, 2007,
respectively.
|
Nine months ended
|
|||||||
June 28,
|
June 30,
|
||||||
2008
|
2007
|
||||||
Operating
activities:
|
|||||||
Net
earnings
|
$
|
16,715
|
$
|
21,635
|
|||
Adjustments
to reconcile net earnings to net cash provided by operating
activities:
|
|||||||
Depreciation
and amortization of fixed assets
|
16,560
|
16,848
|
|||||
Amortization
of intangibles and deferred costs
|
4,010
|
3,225
|
|||||
Share-based
compensation
|
1,377
|
1,080
|
|||||
Deferred
income taxes
|
(225
|
)
|
(452
|
)
|
|||
Other
|
-
|
(142
|
)
|
||||
(Gain)/loss
from disposals and impairment of property, plant and equipment
|
(63
|
)
|
18
|
||||
Changes
in assets and liabilities, net of effects from purchase of
companies
|
|||||||
Increase
in accounts receivable
|
(12,219
|
)
|
(6,421
|
)
|
|||
Increase
in inventories
|
(5,749
|
)
|
(5,349
|
)
|
|||
Increase
in prepaid expenses
|
(453
|
)
|
(161
|
)
|
|||
Increase
in accounts payable
|
|||||||
and
accrued liabilities
|
10,059
|
6,124
|
|||||
Net
cash provided by operating
|
|||||||
activities
|
30,012
|
36,405
|
|||||
Investing
activities:
|
|||||||
Purchase
of property, plant and equipment
|
(18,401
|
)
|
(17,406
|
)
|
|||
Payments
for purchases of companies, net of cash acquired
|
-
|
(52,747
|
)
|
||||
Purchase
of marketable securities
|
(10,500
|
)
|
(31,100
|
)
|
|||
Proceeds
from sale of marketable securities
|
6,500
|
65,308
|
|||||
Proceeds
from redemption of auction market preferred stock
|
10,000
|
-
|
|||||
Proceeds
from disposal of property and equipment
|
700
|
408
|
|||||
Other
|
(364
|
)
|
(683
|
)
|
|||
Net
cash used in investing activities
|
(12,065
|
)
|
(36,220
|
)
|
|||
Financing
activities:
|
|||||||
Payments
to repurchase common stock
|
(3,539
|
)
|
-
|
||||
Proceeds
from issuance of stock
|
908
|
2,355
|
|||||
Payments
on capitalized lease obligations
|
(68
|
)
|
-
|
||||
Payments
of cash dividend
|
(5,049
|
)
|
(4,536
|
)
|
|||
Net
cash used in financing activities
|
(7,748
|
)
|
(2,181
|
)
|
|||
Effect
of exchange rate on cash and cash equivalents
|
371
|
21
|
|||||
Net
increase (decrease) in cash and cash equivalents
|
10,570
|
(1,975
|
)
|
||||
Cash
and cash equivalents at beginning of period
|
15,819
|
17,621
|
|||||
Cash
and cash equivalents at end of period
|
$
|
26,389
|
$
|
15,646
|
Three Months Ended June 28, 2008
|
||||||||||
Income
|
Shares
|
Per
Share
|
||||||||
(Numerator)
|
(Denominator)
|
Amount
|
||||||||
(in thousands, except per share amounts)
|
||||||||||
Basic
EPS
|
||||||||||
Net
Earnings available to common stockholders
|
$
|
10,820
|
18,762
|
$
|
.58
|
|||||
Effect of Dilutive Securities | ||||||||||
Options
|
-
|
219
|
(.01
|
)
|
||||||
Diluted
EPS
|
||||||||||
Net
Earnings available to common stockholders plus assumed
conversions
|
$
|
10,820
|
18,981
|
$
|
.57
|
Nine Months Ended June 28, 2008
|
|
|||||||||
Income
|
|
Shares
|
Per
Share
|
|||||||
(Numerator)
|
(Denominator)
|
Amount
|
||||||||
(in thousands, except per share
amounts)
|
||||||||||
Basic
EPS
|
||||||||||
Net
Earnings available
|
||||||||||
to
common stockholders
|
$
|
16,715
|
18,772
|
$
|
.89
|
|||||
Effect
of Dilutive Securities
|
||||||||||
Options
|
-
|
241
|
(.01
|
)
|
||||||
Diluted
EPS
|
||||||||||
Net
Earnings available to common stockholders plus assumed
conversions
|
$
|
16,715
|
19,013
|
$
|
.88
|
Three Months Ended June 30, 2007
|
|
|||||||||
|
|
Income
|
|
Shares
|
|
Per
Share
|
|
|||
|
|
(Numerator)
|
|
(Denominator)
|
|
Amount
|
|
|||
|
|
(in
thousands, except per share amounts)
|
||||||||
Basic
EPS
|
||||||||||
Net
Earnings available to common stockholders
|
$
|
12,497
|
18,677
|
$
|
.67
|
|||||
Effect
of Dilutive Securities
|
||||||||||
Options
|
-
|
378
|
(.01
|
)
|
||||||
Diluted
EPS
|
||||||||||
Net
Earnings available to common stockholders plus assumed
conversions
|
$
|
12,497
|
19,055
|
$
|
.66
|
Nine Months Ended June 30, 2007
|
||||||||||
Income
|
|
Shares
|
|
Per
Share
|
|
|||||
|
|
(Numerator)
|
|
(Denominator)
|
|
Amount
|
||||
(in thousands, except per share
amounts)
|
||||||||||
Basic
EPS
|
||||||||||
Net
Earnings available
|
||||||||||
to
common stockholders
|
$
|
21,635
|
18,606
|
$
|
1.16
|
|||||
Effect
of Dilutive Securities
|
||||||||||
Options
|
-
|
382
|
(.02
|
)
|
||||||
Diluted
EPS
|
||||||||||
Net
Earnings available to common stockholders plus assumed
conversions
|
$
|
21,635
|
18,988
|
$
|
1.14
|
Three months ended
|
Nine months ended
|
||||||||||||
June 28,
|
|
June 30,
|
|
June 28,
|
|
June 30,
|
|
||||||
|
|
2008
|
|
2007
|
|
2008
|
|
2007
|
|||||
(in thousands, except per share amounts)
|
|||||||||||||
Stock
Options
|
$
|
280
|
$
|
246
|
$
|
812
|
$
|
585
|
|||||
Stock
purchase plan
|
28
|
39
|
104
|
112
|
|||||||||
Deferred
stock issued to outside directors
|
34
|
34
|
103
|
103
|
|||||||||
Restricted
stock issued to an employee
|
25
|
6
|
75
|
6
|
|||||||||
$
|
367
|
$
|
325
|
$
|
1,094
|
$
|
806
|
||||||
Per
diluted share
|
$
|
.02
|
$
|
.02
|
$
|
.06
|
$
|
.04
|
|||||
The
above compensation is net of tax benefits
|
$
|
106
|
$
|
135
|
$
|
283
|
$
|
452
|
June 28,
|
|
September 29,
|
|
||||
|
|
2008
|
|
2007
|
|||
(in
thousands)
|
|||||||
Finished
goods
|
$
|
25,622
|
$
|
23,207
|
|||
Raw
materials
|
8,750
|
6,703
|
|||||
Packaging
materials
|
5,044
|
4,833
|
|||||
12,876
|
11,856
|
||||||
|
$
|
52,292 | $ |
46,599
|
As
of and For the
|
As
of and For the
|
||||||||||||
Three
Months Ended
|
Nine
Months Ended
|
||||||||||||
June
28,
|
June
30,
|
June
28,
|
June
30,
|
||||||||||
2008
|
2007
|
2008
|
2007
|
||||||||||
(in
thousands)
|
|||||||||||||
Sales
to External Customers:
|
|||||||||||||
Food
Service
|
$
|
106,854
|
$
|
95,419
|
$
|
291,146
|
$
|
255,619
|
|||||
Retail
Supermarket
|
17,165
|
17,380
|
40,819
|
37,316
|
|||||||||
The
Restaurant Group
|
343
|
566
|
1,314
|
2,244
|
|||||||||
Frozen
Beverages
|
52,477
|
49,145
|
118,687
|
111,513
|
|||||||||
$
|
176,839
|
$
|
162,510
|
$
|
451,966
|
$
|
406,692
|
||||||
Depreciation
and Amortization:
|
|||||||||||||
Food
Service
|
$
|
4,154
|
$
|
4,307
|
$
|
12,543
|
$
|
11,921
|
|||||
Retail
Supermarket
|
-
|
-
|
-
|
-
|
|||||||||
The
Restaurant Group
|
21
|
14
|
44
|
45
|
|||||||||
Frozen
Beverages
|
2,852
|
2,689
|
7,983
|
8,107
|
|||||||||
$
|
7,027
|
$
|
7,010
|
$
|
20,570
|
$
|
20,073
|
||||||
Operating
Income(Loss):
|
|||||||||||||
Food
Service(1)
|
$
|
6,878
|
$
|
9,900
|
$
|
16,523
|
$
|
23,189
|
|||||
Retail
Supermarket(2)
|
1,649
|
255
|
2,496
|
924
|
|||||||||
The
Restaurant Group
|
(74
|
)
|
(61
|
)
|
(70
|
)
|
(26
|
)
|
|||||
Frozen
Beverages(3)
|
9,001
|
8,712
|
6,521
|
8,049
|
|||||||||
$
|
17,454
|
$
|
18,806
|
$
|
25,470
|
$
|
32,136
|
||||||
Capital
Expenditures:
|
|||||||||||||
Food
Service
|
$
|
3,063
|
$
|
3,814
|
$
|
9,582
|
$
|
9,079
|
|||||
Retail
Supermarket
|
-
|
-
|
-
|
-
|
|||||||||
The
Restaurant Group
|
-
|
40
|
-
|
101
|
|||||||||
Frozen
Beverages
|
3,443
|
1,606
|
8,819
|
8,226
|
|||||||||
$
|
6,506
|
$
|
5,460
|
$
|
18,401
|
$
|
17,406
|
||||||
Assets:
|
|||||||||||||
Food
Service
|
$
|
262,312
|
$
|
238,929
|
$
|
262,312
|
$
|
238,929
|
|||||
Retail
Supermarket
|
-
|
-
|
-
|
-
|
|||||||||
The
Restaurant Group
|
660
|
779
|
660
|
779
|
|||||||||
Frozen
Beverages
|
138,089
|
130,254
|
138,089
|
130,254
|
|||||||||
$
|
401,061
|
$
|
369,962
|
$
|
401,061
|
$
|
369,962
|
(1) |
Includes
share-based compensation expense of $341 and $993 for the three and
nine
months ended June 28, 2008, respectively and $343 and $956 for the
three
and nine months ended June 30, 2007,
respectively.
|
(2)
|
Includes
share-based compensation expense of $28 and $82 for the three and
nine
months
ended June 28, 2008, respectively and $24 and $49 for the three and
nine
months
ended June 30, 2007,
respectively.
|
(3)
|
Includes
share-based compensation expense of $104 and $302 for the three and
nine
months ended June 28, 2008, respectively and $93 and $253 for the
three
and nine months ended June 30, 2007,
respectively.
|
Gross
|
Net
|
|||||||||
Carrying
|
Accumulated
|
Carrying
|
||||||||
Amount
|
Amortization
|
Amount
|
||||||||
(in
thousands)
|
||||||||||
FOOD
SERVICE
|
||||||||||
Indefinite
lived intangible assets
|
||||||||||
Trade
Names
|
$
|
8,180
|
$
|
-
|
$
|
8,180
|
||||
Amortized
intangible assets
|
||||||||||
Non
compete agreements
|
435
|
199
|
236
|
|||||||
Customer
relationships
|
33,287
|
7,220
|
26,067
|
|||||||
Licenses
and rights
|
3,606
|
1,779
|
$
|
1,827
|
||||||
$
|
45,508
|
$
|
9,198
|
$
|
36,310
|
|||||
RETAIL
SUPERMARKETS
|
||||||||||
Indefinite
lived intangible assets
|
||||||||||
Trade
Names
|
$
|
2,731
|
$
|
-
|
$
|
2,731
|
||||
THE
RESTAURANT GROUP
|
||||||||||
Amortized
Intangible Assets
|
||||||||||
Licenses
and rights
|
$
|
-
|
$
|
-
|
$
|
-
|
||||
FROZEN
BEVERAGES
|
||||||||||
Indefinite
lived intangible assets
|
||||||||||
Trade
Names
|
$
|
9,315
|
$
|
-
|
$
|
9,315
|
||||
Amortized
intangible assets
|
||||||||||
Non
compete agreements
|
148
|
88
|
60
|
|||||||
Customer
relationships
|
6,478
|
1,382
|
5,096
|
|||||||
Licenses
and rights
|
1,601
|
347
|
1,254
|
|||||||
$
|
17,542
|
$
|
1,817
|
$
|
15,725
|
Food
Service
|
Retail
Supermarket
|
Restaurant
Group
|
Frozen
Beverages
|
Total
|
||||||||||||
(in
thousands)
|
||||||||||||||||
Balance
at June 28, 2008
|
$
|
23,988
|
$
|
-
|
$
|
386
|
$
|
35,940
|
$
|
60,314
|
|
|
|
|
Gross
|
|
Gross
|
|
Fair
|
|
||||
|
|
Amortized
|
|
Unrealized
|
|
Unrealized
|
|
Market
|
|
||||
|
|
Cost
|
|
Gains
|
|
Losses
|
|
Value
|
|
||||
|
|
(in
thousands)
|
|
||||||||||
Auction
market preferred stock
|
|||||||||||||
Equity
Securities
|
$
|
35,200
|
$
|
-
|
$
|
-
|
$
|
35,200
|
|||||
$
|
35,200
|
$
|
-
|
$
|
-
|
$
|
35,200
|
Gross
|
Gross
|
Fair
|
||||||||||||||
Amortized
|
Unrealized
|
Unrealized
|
Market
|
|||||||||||||
Cost
|
Gains
|
Losses
|
Value
|
|||||||||||||
(in
thousands)
|
||||||||||||||||
Auction
market preferred stock
|
||||||||||||||||
Equity
Securities
|
$
|
41,200
|
$
|
-
|
$
|
-
|
$
|
41,200
|
||||||||
$
|
41,200
|
$
|
-
|
$
|
-
|
$
|
41,200
|
|
Hom/Ade
|
|
Radar
|
|
Other
|
|
||||
|
|
(in
thousands)
|
||||||||
Working
Capital
|
$
|
1,410
|
$
|
1,284
|
$
|
989
|
||||
Property,
plant & equipment
|
233
|
5,750
|
1,442
|
|||||||
Trade
Names
|
6,220
|
1,960
|
3,086
|
|||||||
Customer
Relationships
|
17,250
|
10,730
|
58
|
|||||||
Covenant
not to Compete
|
301
|
109
|
-
|
|||||||
Goodwill
|
476
|
1,287
|
603
|
|||||||
$
|
25,890
|
$
|
21,120
|
$
|
6,178
|
Three months ended
|
|||||||
Pro Forma
|
|||||||
December 29,
|
December 30,
|
||||||
2007
|
2006
|
||||||
(in thousands except
|
|||||||
per share information)
|
|||||||
Net
Sales
|
$
|
130,898
|
$
|
124,881
|
|||
Net
Earnings
|
$
|
1,897
|
$
|
4,829
|
|||
Earnings
per diluted share
|
$
|
.10
|
$
|
.26
|
|||
Earnings
per basic share
|
$
|
.10
|
$
|
.26
|
Three months ended
|
Six
months ended
|
||||||||||||
Pro Forma
|
Pro Forma
|
||||||||||||
March 29,
|
March 31,
|
March 29,
|
March 31,
|
||||||||||
2008
|
2007
|
2008
|
2007
|
||||||||||
(in
thousands except per share information)
|
|||||||||||||
Net
Sales
|
$
|
144,229
|
$
|
131,424
|
$
|
275,127
|
$
|
256,305
|
|||||
Net
Earnings
|
$
|
3,998
|
$
|
5,403
|
$
|
5,895
|
$
|
10,232
|
|||||
Earnings
per diluted share
|
$
|
.21
|
$
|
.28
|
$
|
.31
|
$
|
.54
|
|||||
Earnings
per basic share
|
$
|
.21
|
$
|
.29
|
$
|
.31
|
$
|
.55
|
Three
months ended
|
Nine
months ended
|
||||||||||||
Pro
Forma
|
Pro
Forma
|
||||||||||||
June
28,
|
June
30,
|
June
28,
|
June
30,
|
||||||||||
2008
|
2007
|
2008
|
2007
|
||||||||||
(in
thousands except per share information)
|
|||||||||||||
Net
Sales
|
$
|
176,839
|
$
|
162,510
|
$
|
451,966
|
$
|
418,815
|
|||||
Net
Earnings
|
$
|
10,820
|
$
|
12,497
|
$
|
16,715
|
$
|
22,729
|
|||||
Earnings
per diluted share
|
$
|
.57
|
$
|
.66
|
$
|
.88
|
$
|
1.20
|
|||||
Earnings
per basic share
|
$
|
.58
|
$
|
.67
|
$
|
.89
|
$
|
1.22
|
Pro
Forma
|
|||||||
Fiscal
year ended
|
|||||||
September
29,
|
September
30,
|
||||||
2007
|
2006
|
||||||
(52
weeks)
|
(53
weeks)
|
||||||
(in
thousands except
|
|||||||
per
share information)
|
|||||||
Net
Sales
|
$
|
581,024
|
$
|
566,297
|
|||
Net
Earnings
|
$
|
33,235
|
$
|
33,819
|
|||
Earnings
per diluted share
|
$
|
1.75
|
$
|
1.80
|
|||
Earnings
per basic share
|
$
|
1.78
|
$
|
1.84
|
a)
|
Exhibits
|
|
31.1 &
|
Certification
Pursuant to Section 302 of
|
|
31.2
|
the
Sarbanes-Oxley Act of 2002
|
|
99.5 &
|
Certification
Pursuant to the 18 U.S.C.
|
|
99.6
|
Section
1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act
of
2002
|
|
b)
|
Reports on Form 8-K - Reports on Form 8-K were filed on April 24, 2008 and May 19, 2008 |
J
& J SNACK FOODS CORP.
|
|
Dated:
July 24, 2008
|
/s/
Gerald B. Shreiber
|
Gerald
B. Shreiber
|
|
President
|
|
Dated:
July 24, 2008
|
/s/
Dennis G. Moore
|
Dennis
G. Moore
|
|
Senior
Vice President and
|
|
Chief
Financial Officer
|