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Consolidated Statements of Earnings (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 23, 2018
Dec. 24, 2017
Dec. 23, 2018
Dec. 24, 2017
REVENUES        
Revenues $ 20,222 $ 22,021 [1] $ 79,720 [1] $ 84,295 [1]
COSTS AND EXPENSES        
Cost of sales 10,660 12,537 41,266 47,853
Restaurant operating expenses 766 760 2,817 2,769
Depreciation and amortization 278 320 962 1,055
General and administrative expenses 3,031 3,034 10,354 10,064
Advertising fund expense (Note B) 591 0 1,858
Total costs and expenses 15,326 16,651 57,257 61,741
Income from operations 4,896 5,370 22,463 22,554
Gain on sale of property and equipment 10,821 11,177
Loss on debt extinguishment (8,872) (8,872)
Interest expense (2,650) (3,650) (7,951) (10,976)
Interest income 277 44 453 114
Other income, net 5 22 189 64
Income (loss) before provision (benefit) for income taxes 13,349 (7,086) 26,331 2,884
Provision (benefit) for income taxes 3,627 (3,307) 7,330 621
Net income (loss) $ 9,722 $ (3,779) $ 19,001 $ 2,263
PER SHARE INFORMATION        
Basic (in shares) 4,187,000 4,185,000 4,187,000 4,180,000
Diluted (in shares) 4,221,000 4,185,000 4,226,000 4,219,000
Basic (in dollars per share) $ 2.32 $ (0.90) $ 4.54 $ 0.54
Diluted (in dollars per share) 2.30 (0.90) 4.50 0.54
Dividends declared per share (in dollars per share) $ 0.25 $ 5 $ 0.75 $ 5
Product [Member]        
REVENUES        
Revenues $ 14,404 $ 16,705 [1] $ 56,448 [1] $ 63,327 [1]
License [Member]        
REVENUES        
Revenues 4,316 4,228 [1] 18,160 [1] 17,393 [1]
Franchise Fees and Royalties [Member]        
REVENUES        
Revenues 911 1,088 [1] 3,254 [1] 3,575 [1]
Advertising Fund Revenue [Member]        
REVENUES        
Revenues $ 591 [1] $ 1,858 [1] [1]
[1] As disclosed in Note B, prior period amounts have not been adjusted under the modified retrospective method of adoption of ASC 606.