Results of Operations

Managements discussion and analysis is based on the results of operations by segment:

 

                                            Unallocated

                                  Real       Corporate

                        Food     Estate      and other    Total

Three months ended

June 30, 2005

 

Net sales            $26,782      $561         $ -       $ 27,343

Gross profit           5,729       211           -          5,940

Operating

expenses (recovery)    4,880        27        (1,309)      3,598

Other expense           (209)      (15)           (3)       (227)

Net income               635       139         1,177       1,951

 

Three months ended

June 30, 2004

 

Net sales            $22,863      $539         $ -       $23,402

Gross profit           5,836       208           -         6,044

Operating expenses     4,319       100           724       5,143

Other (expense) income  (537)       10            (9)       (536)

Net income (loss)        968       (38)       (1,339)       (409)

 

Six months ended

June 30, 2005

 

Net sales            $51,871    $1,158         $ -       $53,029

Gross profit          10,862       468           -        11,330

Operating expenses     9,458        63          (995)      8,526

Other income (expense)  (402)      (28)          253        (177)

Net income               997       233           795       2,025

 

Six months ended

June 30, 2004

 

Net sales            $42,059    $1,123         $ -       $43,182

Gross profit          10,230       448           -        10,678

Operating expenses     8,545       231          1,357     10,133

Other (expense) income(1,071)     (15)              6     (1,080)

Net income (loss)        602      (246)        (2,110)    (1,754)