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Note M - Income Taxes	3 Months Ended
Jun. 28, 2020
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE M – INCOME TAXES On March 27, 2020, President Trump signed the Coronavirus Aid, Relief and Economic Security (the “CARES Act”) into law which among other provisions increases the limitation on the allowed business interest expense deduction from 30 percent to 50 percent of adjusted taxable income for tax years beginning January 1, 2019 and 2020. Additionally, the CARES Act allows businesses to immediately expense the full cost of Qualified Improvement Property, retroactive to tax years beginning on or after January 1, 2018. The income tax provisions for the thirteen-week periods ended June 28, 2020 and June 30, 2019 reflect effective tax rates of 28.1% and 25.3%, respectively. Nathan’s effective tax rate for the thirteen-week period ended June 30, 2019 was reduced by 3.2%, as a result of the tax benefits associated with stock compensation. For the thirteen-week period ended June 30, 2019, excess tax benefits of $228,000 were reflected in the Consolidated Statements of Earnings as a reduction in determining the provision for income taxes. Nathan’s effective tax rate without this adjustment would have been 28.5% for the fiscal 2020 period. The amount of unrecognized tax benefits at June 28, 2020 was $321,000 all of which would impact Nathan’s effective tax rate, if recognized. As of June 28, 2020, Nathan’s had $274,000 of accrued interest and penalties in connection with unrecognized tax benefits. In November 2019, the State of New Jersey notified Nathan’s that our tax returns for the fiscal years ended March 27, 2016, March 26, 2017 and March 25, 2018 will be audited. The audit is ongoing.

Note M - Income Taxes

3 Months Ended

Jun. 28, 2020

NOTE M – INCOME TAXES

On March 27, 2020, President Trump signed the Coronavirus Aid, Relief and Economic Security (the “CARES Act”) into law which among other provisions increases the limitation on the allowed business interest expense deduction from 30 percent to 50 percent of adjusted taxable income for tax years beginning January 1, 2019 and 2020. Additionally, the CARES Act allows businesses to immediately expense the full cost of Qualified Improvement Property, retroactive to tax years beginning on or after January 1, 2018.

The income tax provisions for the thirteen-week periods ended June 28, 2020 and June 30, 2019 reflect effective tax rates of 28.1% and 25.3%, respectively.

Nathan’s effective tax rate for the thirteen-week period ended June 30, 2019 was reduced by 3.2%, as a result of the tax benefits associated with stock compensation. For the thirteen-week period ended June 30, 2019, excess tax benefits of $228,000 were reflected in the Consolidated Statements of Earnings as a reduction in determining the provision for income taxes. Nathan’s effective tax rate without this adjustment would have been 28.5% for the fiscal 2020 period.

The amount of unrecognized tax benefits at June 28, 2020 was $321,000 all of which would impact Nathan’s effective tax rate, if recognized. As of June 28, 2020, Nathan’s had $274,000 of accrued interest and penalties in connection with unrecognized tax benefits.

In November 2019, the State of New Jersey notified Nathan’s that our tax returns for the fiscal years ended March 27, 2016, March 26, 2017 and March 25, 2018 will be audited. The audit is ongoing.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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