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LIQUOR LICENSES
12 Months Ended
Oct. 03, 2015
LIQUOR LICENSES [Abstract]  
LIQUOR LICENSES

NOTE 9.      LIQUOR LICENSES

 

Liquor licenses, which are indefinite lived assets, are tested for impairment in September of each of our fiscal years. The fair value of liquor licenses at October 3, 2015, exceeded the carrying amount; therefore, we recognized no impairment loss. The fair value of the liquor licenses was evaluated by comparing the carrying value to recent sales for similar liquor licenses in the County issued. At October 3, 2015 and September 27, 2014, the total carrying amount of our liquor licenses was $630,000. We acquired no liquor licenses in our fiscal years 2015 and 2014.