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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 29, 2020
Mar. 31, 2019
CURRENT ASSETS    
Cash and cash equivalents $ 77,117 $ 75,446
Accounts and other receivables, net (Note D) 11,108 10,173
Inventories 378 535
Prepaid expenses and other current assets (Note E) 1,181 1,007
Total current assets 89,784 87,161
Property and equipment, net of accumulated depreciation of $9,468 and $8,611, respectively 4,610 4,889
Operating lease assets (Note L) 9,181
Goodwill 95 95
Intangible asset 1,269 1,353
Deferred income taxes 343
Other assets 343 465
Total assets 105,282 94,306
CURRENT LIABILITIES    
Accounts payable 3,509 5,222
Accrued expenses and other current liabilities (Note H) 9,297 9,384
Current portion of operating lease liabilities (Note L) 1,583
Deferred franchise fees 230 318
Total current liabilities 14,619 14,924
Long-term debt, net of unamortized debt issuance costs of $3,860 and $4,551, respectively (Note K) 146,140 145,449
Operating lease liabilities 8,532
Other liabilities (Note H) 696 1,390
Deferred franchise fees 1,687 2,687
Deferred income taxes 9
Total liabilities 171,683 164,450
COMMITMENTS AND CONTINGENCIES (Note N)
STOCKHOLDERS’ DEFICIT    
Common stock, $.01 par value; 30,000,000 shares authorized; 9,368,792 and 9,336,338 shares issued; and 4,141,387 and 4,194,575 shares outstanding at March 29, 2020 and March 31, 2019, respectively 94 93
Additional paid-in capital 62,130 60,945
(Accumulated deficit) (45,356) (52,879)
Stockholders’ equity before treasury stock 16,868 8,159
Treasury stock, at cost, 5,227,405 and 5,141,763 shares at March 29, 2020 and March 31, 2019 (83,269) (78,303)
Total stockholders’ deficit (66,401) (70,144)
Total liabilities and stockholders’ deficit $ 105,282 $ 94,306