Note F - Accounts and Other Receivables, Net

6 Months Ended

Sep. 25, 2016

Notes to Financial Statements

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

NOTE F – ACCOUNTS AND OTHER RECEIVABLES, NET

Accounts and other receivables, net, consist of the following (in thousands):

	September 25 ,		March 27,
	2016		2016
Branded product sales	$	5,775	$	5,689
Franchise and license royalties		2,396		2,592
Other		1,419		911
		9,590		9,192
Less: allowance for doubtful accounts		487		471
Accounts and other receivables, net	$	9,103	$	8,721

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 that are 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. After the Company has used reasonable collection efforts it writes off accounts receivable through a charge to the allowance for doubtful accounts.

Changes in the Company’s allowance for doubtful accounts for the twenty-six week period ended September 25, 2016 and the fiscal year ended March 27, 2016 are as follows (in thousands):     

	September 25 , 2016			March 27, 2016
Beginning balance	$	471		$	443
Bad debt expense		21			38
Accounts written off		(5	)		(10	)
Ending balance	$	487		$	471