BUSINESS SEGMENTS

12 Months Ended

Oct. 01, 2022

Segment Reporting [Abstract]

BUSINESS SEGMENTS

NOTE 17. BUSINESS SEGMENTS

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 our fiscal years ended 2022 and 2021, 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 expense 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.

	2022			2021
Operating Revenues:
Restaurants	$	123,627,000		$	105,298,000
Package stores		31,692,000			29,304,000
Other revenues		2,813,000			2,705,000
Total operating revenues	$	158,132,000		$	137,307,000
Income from Operations Reconciled to Income after Income Taxes and Net Income Attributable to Noncontrolling Interests:
Restaurants	$	6,228,000		$	9,424,000
Package stores		2,608,000			1,643,000
		8,836,000			11,067,000
Corporate expenses, net of other revenues		(1,907,000	)		(2,417,000	)
Income from Operations		6,929,000			8,650,000
Interest expense		(757,000	)		(938,000	)
Interest and Other Income		131,000			58,000
Gain on forgiveness of debt		3,488,000			10,136,000
Gain on sale of property and equipment		21,000			44,000
Income before provision for income taxes	$	9,812,000		$	17,950,000
Provision for Income Taxes		(763,000	)		(1,185,000	)
Net Income		9,049,000			16,765,000
Net Income Attributable to Noncontrolling Interests		(2,737,000	)		(4,981,000	)
Net Income Attributable to Flanigan’s Enterprises, Inc, Stockholders	$	6,312,000		$	11,784,000
Identifiable Assets:
Restaurants	$	73,596,000		$	67,978,000
Package stores		20,035,000			15,653,000
		93,631,000			83,631,000
Corporate		53,861,000			44,371,000
Consolidated Totals	$	147,492,000		$	128,002,000
Capital Expenditures
Restaurants	$	6,578,000		$	10,842,000
Package stores		2,038,000			1,240,000
		8,616,000			12,082,000
Corporate		826,000			1,173,000
Total Capital Expenditures	$	9,442,000		$	13,255,000
Depreciation and Amortization:
Restaurants	$	2,290,000		$	2,332,000
Package stores		316,000			348,000
		2,606,000			2,680,000
Corporate		406,000			383,000
Total Depreciation and Amortization	$	3,012,000		$	3,063,000