XML 51 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Earnings (Unaudited) (USD $)
3 Months Ended 9 Months Ended
Dec. 28, 2014
Dec. 29, 2013
Dec. 28, 2014
Dec. 29, 2013
REVENUES        
Sales $ 17,298,000us-gaap_SalesRevenueGoodsNet $ 15,236,000us-gaap_SalesRevenueGoodsNet $ 60,647,000us-gaap_SalesRevenueGoodsNet $ 52,003,000us-gaap_SalesRevenueGoodsNet
License royalties 3,546,000us-gaap_LicensesRevenue 1,817,000us-gaap_LicensesRevenue 13,652,000us-gaap_LicensesRevenue 6,211,000us-gaap_LicensesRevenue
Franchise fees and royalties 1,471,000us-gaap_FranchiseRevenue 1,394,000us-gaap_FranchiseRevenue 4,473,000us-gaap_FranchiseRevenue 4,279,000us-gaap_FranchiseRevenue
Interest income 21,000us-gaap_InvestmentIncomeInterest 68,000us-gaap_InvestmentIncomeInterest 137,000us-gaap_InvestmentIncomeInterest 246,000us-gaap_InvestmentIncomeInterest
Insurance gain (Note N) 0us-gaap_InsuredEventGainLoss 0us-gaap_InsuredEventGainLoss 0us-gaap_InsuredEventGainLoss 2,801,000us-gaap_InsuredEventGainLoss
Other income 17,000us-gaap_OtherNonoperatingIncomeExpense 18,000us-gaap_OtherNonoperatingIncomeExpense 65,000us-gaap_OtherNonoperatingIncomeExpense 56,000us-gaap_OtherNonoperatingIncomeExpense
Total revenues 22,353,000us-gaap_Revenues 18,533,000us-gaap_Revenues 78,974,000us-gaap_Revenues 65,596,000us-gaap_Revenues
COSTS AND EXPENSES        
Cost of sales 14,704,000us-gaap_CostOfGoodsSold 12,779,000us-gaap_CostOfGoodsSold 49,097,000us-gaap_CostOfGoodsSold 41,558,000us-gaap_CostOfGoodsSold
Restaurant operating expenses 788,000us-gaap_OperatingCostsAndExpenses 741,000us-gaap_OperatingCostsAndExpenses 3,138,000us-gaap_OperatingCostsAndExpenses 2,432,000us-gaap_OperatingCostsAndExpenses
Depreciation and amortization 298,000us-gaap_DepreciationDepletionAndAmortization 306,000us-gaap_DepreciationDepletionAndAmortization 985,000us-gaap_DepreciationDepletionAndAmortization 845,000us-gaap_DepreciationDepletionAndAmortization
General and administrative expenses 2,760,000us-gaap_GeneralAndAdministrativeExpense 2,898,000us-gaap_GeneralAndAdministrativeExpense 8,561,000us-gaap_GeneralAndAdministrativeExpense 8,519,000us-gaap_GeneralAndAdministrativeExpense
Interest expense 0us-gaap_InterestExpenseOther 0us-gaap_InterestExpenseOther 0us-gaap_InterestExpenseOther 135,000us-gaap_InterestExpenseOther
Impairment charge – long-term investment 0us-gaap_CostmethodInvestmentsOtherThanTemporaryImpairment 0us-gaap_CostmethodInvestmentsOtherThanTemporaryImpairment 0us-gaap_CostmethodInvestmentsOtherThanTemporaryImpairment 400,000us-gaap_CostmethodInvestmentsOtherThanTemporaryImpairment
Total costs and expenses 18,550,000us-gaap_CostsAndExpenses 16,724,000us-gaap_CostsAndExpenses 61,781,000us-gaap_CostsAndExpenses 53,889,000us-gaap_CostsAndExpenses
Earnings before provision for income taxes 3,803,000us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 1,809,000us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 17,193,000us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 11,707,000us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Provision for income taxes 1,562,000us-gaap_IncomeTaxExpenseBenefit 702,000us-gaap_IncomeTaxExpenseBenefit 7,027,000us-gaap_IncomeTaxExpenseBenefit 4,598,000us-gaap_IncomeTaxExpenseBenefit
Net income $ 2,241,000us-gaap_NetIncomeLoss $ 1,107,000us-gaap_NetIncomeLoss $ 10,166,000us-gaap_NetIncomeLoss $ 7,109,000us-gaap_NetIncomeLoss
Income per share:        
Basic (in dollars per share) $ 0.50us-gaap_EarningsPerShareBasic $ 0.25us-gaap_EarningsPerShareBasic $ 2.27us-gaap_EarningsPerShareBasic $ 1.60us-gaap_EarningsPerShareBasic
Diluted (in dollars per share) $ 0.49us-gaap_EarningsPerShareDiluted $ 0.24us-gaap_EarningsPerShareDiluted $ 2.21us-gaap_EarningsPerShareDiluted $ 1.54us-gaap_EarningsPerShareDiluted
Weighted average shares used in computing income per share:        
Basic (in shares) 4,482,000us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 4,466,000us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 4,475,000us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 4,447,000us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted (in shares) 4,603,000us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 4,622,000us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 4,596,000us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 4,609,000us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding