Company: SENEA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001437749-25-033352
Chunk: 4

Company: Seneca Foods Corp
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 4
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$
			377,328

			$
			351,268

			$
			624,679

			$
			605,017

			Frozen vegetables

			44,871

			39,086

			67,808

			64,420

			Fruit products

			22,786

			22,315

			40,836

			41,156

			Snack products

			4,965

			4,038

			8,520

			6,903

			Other

			10,072

			8,758

			15,637

			12,696

			Total

			$
			460,022

			$
			425,465

			$
			757,480

			$
			730,192

As a result of certain contracts with customers, the Company has contract asset balances of $3.4 million, $0.7 million, and $1.1 million as of September 27, 2025, September 28, 2024, and March 31, 2025, respectively, which are recorded as part of other current assets on the condensed consolidated balance sheets. The Company has contract liabilities in the form of deferred revenue representing payments received from certain of its co-pack customers in advance of completion of the Company's respective performance obligations. The balance is comprised of prepaid case and labeling and storage services which have been collected from bill and hold sales, as well as amounts invoiced in accordance with the terms of a co-pack agreement. 

The deferred revenue activity is shown in the following table (in thousands):

			Six Months Ended

			September 27,

			September 28,

			2025

			2024

			Beginning balance

			$
			11,140

			$
			8,185

			Deferral of revenue

			15,387

			9,994

			Recognition of unearned revenue

			(12,048
			)

			(8,119
			)

			Ending balance

			$
			14,479

			$
			10,060

			3.

			Earnings per Common Share 

Earnings per share for the three and six months ended September 27, 2025 and September 28