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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 27, 2021
Mar. 28, 2021
CURRENT ASSETS    
Cash and cash equivalents (Note F) $ 79,526 $ 81,064
Accounts and other receivables, net (Note H) 19,184 11,652
Inventories 751 624
Prepaid expenses and other current assets (Note I) 794 1,325
Total current assets 100,255 94,665
Property and equipment, net of accumulated depreciation of $10,028 and $9,779, respectively 4,015 4,090
Operating lease assets (Note R) 8,058 8,337
Goodwill 95 95
Intangible asset, net 1,128 1,156
Deferred income taxes 146 138
Other assets 323 328
Total assets 114,020 108,809
CURRENT LIABILITIES    
Accounts payable 6,221 4,041
Accrued expenses and other current liabilities (Note L) 6,853 8,478
Current portion of operating lease liabilities (Note R) 1,842 1,837
Deferred franchise fees 345 237
Total current liabilities 15,261 14,593
Long-term debt, net of unamortized debt issuance costs of $2,996 and $3,169, respectively (Note Q) 147,004 146,831
Operating lease liabilities (Note R) 7,214 7,553
Other liabilities (Note L) 816 774
Deferred franchise fees 1,851 1,536
Total liabilities 172,146 171,287
COMMITMENTS AND CONTINGENCIES (Note S)
STOCKHOLDERS’ DEFICIT    
Common stock, $.01 par value; 30,000,000 shares authorized; 9,369,015 shares issued; and 4,114,934 shares outstanding at June 27, 2021 and March 28, 2021, respectively 94 94
Additional paid-in capital 62,269 62,240
Accumulated deficit (35,719) (40,042)
Stockholders’ equity before treasury stock 26,644 22,292
Treasury stock, at cost, 5,254,081 shares at June 27, 2021 and March 28, 2021, respectively (84,770) (84,770)
Total stockholders’ deficit (58,126) (62,478)
Total liabilities and stockholders’ deficit $ 114,020 $ 108,809