Note E - Accounts and Other Receivables, Net

12 Months Ended

Mar. 27, 2016

Notes to Financial Statements

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

NOTE E - ACCOUNTS AND OTHER RECEIVABLES, NET

Accounts and other receivables, net, consist of the following:

	March 27 , 2016		March 29, 2015
Branded product sales	$	5,689	$	6,317
Franchise and license royalties		2,592		2,570
Other		911		1,055
		9,192		9,942
Less: allowance for doubtful accounts		471		443
Accounts and other receivables, net	$	8,721	$	9,499

Accounts receivable are due within 30 days and are stated at amounts due from franchisees, retail licensees and Branded Product Program customers, net of an allowance for doubtful accounts. Accounts outstanding longer than the contractual payment terms are generally considered past due. The Company does not recognize franchise and license royalties that are not deemed to be realizable.

The Company individually reviews each past due account and determines its allowance for doubtful accounts by considering a number of factors, including the length of time accounts receivable are past due, the Company’s previous loss history, the customer’s current and expected future ability to pay its obligation to the Company, the condition of the general economy and the industry as a whole. Based on management’s assessment, the Company provides for estimated uncollectible amounts through a charge to earnings. The Company writes off accounts receivable when they are deemed to be uncollectible against the allowance for doubtful accounts.

Changes in the Company’s allowance for doubtful accounts for the fiscal years ended March 27, 2016, March 29, 2015 and March 30, 2014 are as follows:

	March 27, 2016			March 29, 2015			March 30, 2014
Beginning balance	$	443		$	433		$	130
Bad debt expense		38			23			21
Uncollectible marketing fund contributions		-			-			320
Accounts written off		(10	)		(13	)		(38	)
Ending balance	$	471		$	443		$	433