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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 27, 2022
Mar. 28, 2021
CURRENT ASSETS    
Cash and cash equivalents $ 50,063 $ 81,064
Accounts and other receivables, net (Note D) 13,374 11,652
Inventories 522 624
Prepaid expenses and other current assets (Note E) 1,441 1,325
Total current assets 65,400 94,665
Property and equipment, net of accumulated depreciation of $10,344 and $9,779, respectively 3,785 4,090
Operating lease assets (Note K) 7,416 8,337
Goodwill 95 95
Intangible asset, net 1,043 1,156
Deferred income taxes 582 138
Other assets 195 328
Total assets 78,516 108,809
CURRENT LIABILITIES    
Accounts payable 6,381 4,041
Accrued expenses and other current liabilities (Note G) 7,833 8,478
Current portion of operating lease liabilities (Note K) 1,849 1,837
Deferred franchise fees 349 237
Total current liabilities 16,412 14,593
Long-term debt, net of unamortized debt issuance costs of $1,817 and $3,169, respectively (Note J) 108,183 146,831
Operating lease liabilities (Note K) 6,487 7,553
Other liabilities (Note G) 674 774
Deferred franchise fees 1,748 1,536
Total liabilities 133,504 171,287
COMMITMENTS AND CONTINGENCIES (Note M)
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 March 27, 2022 and March 28, 2021, respectively 94 94
Additional paid-in capital 62,307 62,240
Accumulated deficit (32,619) (40,042)
Stockholders’ equity before treasury stock 29,782 22,292
Treasury stock, at cost, 5,254,081 shares at March 27, 2022 and March 28, 2021 (84,770) (84,770)
Total stockholders’ deficit (54,988) (62,478)
Total liabilities and stockholders’ deficit $ 78,516 $ 108,809