Note J - Income Taxes (Tables)

12 Months Ended

Mar. 26, 2017

Notes Tables

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	March 26, 2017		March 27, 2016			March 29, 2015
Federal
Current	$	3,024	$	3,176		$	5,992
Deferred		79		(11	)		60
Total Federal income tax		3,103		3,165			6,052
State and local
Current		1,195		1,135			1,599
Deferred		21		(12	)		51
Total State and local income tax		1,216		1,123			1,650
Total provision for income taxes	$	4,319	$	4,288		$	7,702

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	March 26 , 201 7			March 27, 2016			March 29, 2015
Computed “expected” tax expense	$	4,013		$	3,531		$	6,792
State and local income taxes, net of Federal income tax benefit		797			826			1,112
Tax-exempt investment earnings		-			(9	)		(63	)
Change in uncertain tax positions, net		(11	)		(129	)		(62	)
Nondeductible meals and entertainment and other		61			69			(77	)
Nondeductible compensation		118			-			-
Tax benefit share based payments		(659	)		-			-
Total provision for income taxes	$	4,319		$	4,288		$	7,702

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	March  26 ,			March 27,
	201 7			2016
Deferred tax assets
Accrued expenses	$	361		$	236
Allowance for doubtful accounts		59			62
Deferred revenue		347			393
Deferred stock compensation		224			271
Excess of straight line over actual rent		338			379
Investment		187			151
Other		104			119
Total gross deferred tax assets	$	1,620		$	1,611
Deferred tax liabilities
Deductible prepaid expense		288			263
Depreciation expense		1,771			1,717
Amortization		374			344
Total gross deferred tax liabilities		2,433			2,324
Net deferred tax (liability)	$	(813	)	$	(713	)

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

	March 26, 2017			March 27, 2016			March 29, 2015
Unrecognized tax benefits, beginning of year	$	208		$	266		$	283
Decreases of tax positions taken in prior years		(31	)		(98	)		(64	)
Increases based on tax positions taken in current year		41			43			47
Settlements of tax positions taken in prior years		(51	)		(3	)		-
Unrecognized tax benefits, end of year	$	167		$	208		$	266

Summary of Income Tax Examinations [Table Text Block]

Jurisdiction	Fiscal Year
Federal	2014
New York State	2014
New York City	2014
New Jersey	2013
Pennsylvania	2014