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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Dec. 26, 2021
Mar. 28, 2021
CURRENT ASSETS    
Cash and cash equivalents (Note F) $ 86,168 $ 81,064
Accounts and other receivables, net (Note H) 14,175 11,652
Inventories 371 624
Prepaid expenses and other current assets (Note I) 821 1,325
Total current assets 101,535 94,665
Property and equipment, net of accumulated depreciation of $10,493 and $9,779, respectively 3,833 4,090
Operating lease assets (Note R) 7,573 8,337
Goodwill 95 95
Intangible asset, net 1,071 1,156
Deferred income taxes 148 138
Other assets 200 328
Total assets 114,455 108,809
CURRENT LIABILITIES    
Current maturities of long-term debt (Note Q) 40,000 0
Accounts payable 5,714 4,041
Accrued expenses and other current liabilities (Note L) 5,410 8,478
Current portion of operating lease liabilities (Note R) 1,848 1,837
Deferred franchise fees 359 237
Total current liabilities 53,331 14,593
Long-term debt, net of unamortized debt issuance costs of $2,651 and $3,169, respectively (Note Q) 107,349 146,831
Operating lease liabilities (Note R) 6,680 7,553
Other liabilities (Note L) 733 774
Deferred franchise fees 1,663 1,536
Total liabilities 169,756 171,287
COMMITMENTS AND CONTINGENCIES (Note S)
STOCKHOLDERS’ DEFICIT    
Common stock, $.01 par value; 30,000,000 shares authorized; 9,369,235 and 9,369,015 shares issued; and 4,115,154 and 4,114,934 shares outstanding at December 26, 2021 and March 28, 2021, respectively 94 94
Additional paid-in capital 62,299 62,240
Accumulated deficit (32,924) (40,042)
Stockholders’ equity before treasury stock 29,469 22,292
Treasury stock, at cost, 5,254,081 shares at December 26, 2021 and March 28, 2021 (84,770) (84,770)
Total stockholders’ deficit (55,301) (62,478)
Total liabilities and stockholders’ deficit $ 114,455 $ 108,809