Note 10 - Stockholders' Equity

3 Months Ended

Jun. 24, 2012

Stockholders' Equity Note Disclosure [Text Block]

NOTE J – STOCKHOLDERS’ EQUITY

During the period from October 2001 through June 24, 2012, Nathan’s purchased a total of 4,491,486 shares (which included 663,482 shares purchased through a modified dutch tender offer which closed in January 2012) of its common stock at a cost of approximately $50,313,000 pursuant to various stock repurchase plans previously authorized by the Board of Directors.  During the thirteen-week period ended June 24, 2012, we did not repurchase any shares.

On February 1, 2011, Nathan’s Board of Directors authorized a 300,000 share increase in the number of shares that the Company may repurchase.  After giving effect to this increase, an aggregate of 407,473 shares can still be purchased under Nathan’s existing stock buy-back program, as of June 24, 2012.

Purchases may be made from time to time, depending on market conditions, in open market or privately-negotiated transactions, at prices deemed appropriate by management.  There is no set time limit on the repurchases to be made under these stock-repurchase plans.