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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Jun. 27, 2021
Jun. 28, 2020
Mar. 28, 2021
Cash flows from operating activities:      
Net income $ 5,763 $ 4,000  
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation and amortization 278 310  
Non-cash rental expense 105 66  
Amortization of debt issuance costs 173 173  
Share-based compensation expense 29 29  
Provision for doubtful accounts 0 14 $ 101
Deferred income taxes (8) (8)  
Changes in operating assets and liabilities:      
Accounts and other receivables, net (7,532) 2,870  
Inventories (127) (367)  
Prepaid expenses and other current assets 531 77  
Other assets 5 5  
Accounts payable, accrued expenses and other current liabilities 395 (4,127)  
Deferred franchise fees 423 (61)  
Other liabilities 42 21  
Net cash provided by operating activities 77 3,002  
Cash flows from investing activities:      
Purchase of property and equipment (175) (237)  
Net cash used in investing activities (175) (237)  
Cash flows from financing activities:      
Dividends paid to stockholders (1,440) (1,440)  
Repurchase of treasury stock 0 (1,501)  
Net cash used in financing activities (1,440) (2,941)  
Net decrease in cash and cash equivalents (1,538) (176)  
Cash and cash equivalents, beginning of period 81,064 77,117 77,117
Cash and cash equivalents, end of period 79,526 76,941 $ 81,064
Cash paid during the period for:      
Interest 4,969 4,969  
Income taxes $ 145 $ 349  
Noncash financing activity:      
Dividends declared per share (in dollars per share) $ 0.35 $ 0.35