XML 19 R8.htm IDEA: XBRL DOCUMENT v3.24.2.u1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Cash Flows from Operating Activities:    
Net income $ 4,920 $ 5,463
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities:    
Depreciation and amortization 3,119 2,596
Amortization of leasehold interests 19 17
Amortization of operating lease right-of-use assets 1,910 1,902
Gain on sale of property and equipment (2)
Loss on abandonment of property and equipment 57 31
Amortization of deferred loan costs 27 28
Income from equity method investment (43) (9)
(Increase) decrease in:    
Other receivables (127) (198)
Prepaid income taxes 69 (26)
Inventories (325) (655)
Prepaid expenses (1,034) (579)
Other assets (60) (22)
Increase (decrease) in:    
Accounts payable and accrued expenses (1,403) 538
Operating lease liabilities (1,722) (1,726)
Due to franchisees (539) (226)
Deferred revenue 353 66
Net cash and cash equivalents provided by operating activities 5,219 7,200
Cash Flows from Investing Activities:    
Purchase of property and equipment (2,410) (12,541)
Purchase of construction in progress (1,594) (2,811)
Deposits on property and equipment (118) (1,711)
Purchase of leaseholds (31)
Proceeds from sale of property and equipment 69 38
Distributions from unconsolidated limited partnership 16 27
Net cash and cash equivalents used in investing activities (4,068) (16,998)
Cash Flows from Financing Activities:    
Payments on long-term debt (934) (1,987)
Dividends paid (929) (838)
Distributions to limited partnerships’ noncontrolling interests (2,697) (2,409)
Net cash and cash equivalents used in financing activities (4,560) (5,234)
Net Decrease in Cash and Cash Equivalents (3,409) (15,032)
Cash and Cash Equivalents - Beginning of Period 25,532 42,138
Cash and Cash Equivalents - End of Period 22,123 27,106
Cash paid during the year for:    
Interest 768 801
Income taxes 141 431
Supplemental Disclosure of Non-Cash Investing and Financing Activities:    
Decrease in fair value of interest rate swap 247
Purchase deposits capitalized to property and equipment 255 2,298
Purchase deposits transferred to construction in progress 715 502
Construction in progress transferred to property and equipment 7,676 7,110
Property and equipment and construction in progress in accounts payable and accrued expenses 308 538
Remeasurement of right-of-use operating lease $ 183