BUSINESS SEGMENTS (Tables)

9 Months Ended

Jul. 03, 2021

Segment Reporting [Abstract]

Schedule of Segment Reporting

We operate principally in two reportable segments – package stores and restaurants. The operation of package stores consists of retail liquor sales and related items. Information concerning the revenues and operating income for the thirteen weeks and thirty-nine weeks ended July 3, 2021 and June 27, 2020, and identifiable assets for the two reportable segments in which we operate, are shown in the following table. Operating income is total revenue less cost of merchandise sold and operating expenses relative to each segment. In computing operating income, none of the following items have been included: interest expense, other non-operating income and expenses and income taxes. Identifiable assets by segment are those assets that are used in our operations in each segment. Corporate assets are principally cash and real property, improvements, furniture, equipment and vehicles used at our corporate headquarters. We do not have any operations outside of the United States and transactions between restaurants and package liquor stores are not material.

	(in thousands)
	Thirteen Weeks Ended July 3, 2021			Thirteen Weeks Ended June 27, 2020
Operating Revenues:
Restaurants	$	29,101		$	16,144
Package stores		8,082			7,099
Other revenues		752			420
Total operating revenues	$	37,935		$	23,663
Income (Loss) from Operations Reconciled to Income (Loss) After Income Taxes and Net Income (Loss) Attributable to Noncontrolling Interests
Restaurants	$	3,724		$	(822	)
Package stores		801			616
		4,525			(206	)
Corporate expenses, net of other revenues		(1,916	)		(526	)
Income (Loss) from operations		2,609			(732	)
Interest expense		(210	)		(196	)
Interest and other income		14			12
Gain on extinguishment of debt		6,483			—
Gain on sale of property and equipment		—			—
Income (Loss) Before for Income Taxes	$	8,896		$	(916	)
Benefit (Provision) for Income Taxes		(475	)		53
Net Income (Loss)		8,421			(863	)
Net Income (Loss) Attributable to Noncontrolling Interests		1,222			(408	)
Net Income (Loss) Attributable to Flanigan’s Enterprises, Inc.
Stockholders	$	7,199		$	(455	)
Depreciation and Amortization:
Restaurants	$	585		$	620
Package stores		85			90
		670			710
Corporate		100			98
Total Depreciation and Amortization	$	770		$	808
Capital Expenditures:
Restaurants	$	1,353		$	275
Package stores		401			49
		1,754			324
Corporate		678			207
Total Capital Expenditures	$	2,432		$	531

16

	Thirty-Nine Weeks Ended July 3, 2021			Thirty-Nine Weeks Ended June 27, 2020
Operating Revenues:
Restaurants	$	77,611		$	64,305
Package stores		23,923			18,833
Other revenues		2,138			1,594
Total operating revenues	$	103,672		$	84,732
Income from Operations Reconciled to Income After Income Taxes and Net Income Attributable to Noncontrolling Interests
Restaurants	$	6,941		$	2,875
Package stores		2,251			1,589
		9,192			4,464
Corporate expenses, net of other revenues		(2,520	)		(2,448	)
Income from Operations		6,672			2,016
Interest expense		(737	)		(598	)
Interest and other income		45			37
Gain on extinguishment of debt		10,136			—
Gain on sale of property and equipment		33			—
Income Before for Income Taxes	$	16,149		$	1,455
Benefit (Provision) for Income Taxes		(1,004	)		23
Net Income		15,145			1,478
Net Income Attributable to Noncontrolling Interests		4,715			791
Net Income Attributable to Flanigan’s Enterprises, Inc.
Stockholders	$	10,430		$	687
Depreciation and Amortization:
Restaurants	$	1,756		$	1,885
Package stores		261			264
		2,017			2,149
Corporate		289			292
Total Depreciation and Amortization	$	2,306		$	2,441
Capital Expenditures:
Restaurants	$	7,640		$	1,409
Package stores		683			206
		8,323			1,615
Corporate		1,360			556
Total Capital Expenditures	$	9,683		$	2,171

	July 3,		October 3,
	2021		2020
Identifiable Assets:
Restaurants	$	59,933	$	55,030
Package store		13,994		13,771
		73,927		68,801
Corporate		49,316		43,683
Consolidated Totals	$	123,243	$	112,484