Note 11 - Stockholders' Equity

9 Months Ended

Dec. 23, 2012

Stockholders' Equity Note Disclosure [Text Block]

NOTE K – STOCKHOLDERS’ EQUITY

During the period from October 2001 through December 23, 2012, Nathan’s purchased a total of 4,511,944 shares of its common stock at a cost of approximately $50,905,000 pursuant to various stock repurchase plans previously authorized by the Board of Directors.  During the thirty-nine week period ended December 23, 2012, we repurchased 20,458 shares at a cost of $592,000.

As of December 23, 2012, an aggregate of 387,015 shares can still be purchased under Nathan’s existing stock buy-back program.

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.

At December 23, 2012, the Company has reserved 5,280,940 shares of common stock for issuance upon exercise of the Common Stock Purchase Rights approved by the Board of Directors on June 4, 2008.