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Consolidated Statements of Earnings - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2019
Mar. 25, 2018
Mar. 26, 2017
REVENUES      
Revenues $ 101,849 $ 104,201 $ 96,256
COSTS AND EXPENSES      
Cost of sales 52,779 58,752 51,634
Restaurant operating expenses 3,525 3,506 3,386
Depreciation and amortization 1,212 1,352 1,297
General and administrative expenses 13,851 13,491 13,659
Advertising fund expense (Note B) 2,506 0
Total costs and expenses 73,873 77,101 69,976
Income from operations 27,976 27,100 26,280
Gain on sale of property and equipment 11,177
Interest expense (10,792) (13,591) (14,665)
Loss on debt extinguishment (Note K) (8,872)
Impairment charge – long-lived assets (Note B) 0 (790) 0
Interest income 840 166 104
Other income, net 209 99 85
Income before provision for income taxes 29,410 4,112 11,804
Provision for income taxes 7,917 1,482 4,319
Net income $ 21,493 $ 2,630 $ 7,485
Weighted average shares used in computing income per share:      
Basic (in shares) 4,187,000 4,181,000 4,172,000
Diluted (in shares) 4,220,000 4,221,000 4,206,000
Income per share:      
Basic (in dollars per share) $ 5.13 $ 0.63 $ 1.79
Diluted (in dollars per share) 5.09 0.62 1.78
Dividends declared per share (in dollars per share) $ 1 $ 5
Product [Member]      
REVENUES      
Revenues $ 71,561 $ 76,708 $ 70,820
License [Member]      
REVENUES      
Revenues 23,615 23,020 20,368
Franchise Fees and Royalties [Member]      
REVENUES      
Revenues 4,171 4,473 5,068
Advertising Fund Revenue [Member]      
REVENUES      
Revenues [1] $ 2,502
[1] Prior to adoption of Topic 606, inflows into the National Advertising Fund were not considered revenue.