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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 26, 2022
Mar. 27, 2022
CURRENT ASSETS    
Cash and cash equivalents (Note E) $ 47,668 $ 50,063
Accounts and other receivables, net (Note G) 20,851 13,374
Inventories 889 522
Prepaid expenses and other current assets (Note H) 1,308 1,441
Total current assets 70,716 65,400
Property and equipment, net of accumulated depreciation of $10,489 and $10,344, respectively 3,824 3,785
Operating lease assets (Note Q) 7,113 7,416
Goodwill 95 95
Intangible asset, net (Note I) 1,015 1,043
Deferred income taxes 565 582
Other assets 189 195
Total assets 83,517 78,516
CURRENT LIABILITIES    
Accounts payable 8,217 6,381
Accrued expenses and other current liabilities (Note K) 7,120 7,833
Current portion of operating lease liabilities (Note Q) 1,849 1,849
Deferred franchise fees 357 349
Total current liabilities 17,543 16,412
Long-term debt, net of unamortized debt issuance costs of $1,690 and $1,817, respectively (Note P) 108,310 108,183
Operating lease liabilities (Note Q) 6,122 6,487
Other liabilities 701 674
Deferred franchise fees 1,606 1,748
Total liabilities 134,282 133,504
COMMITMENTS AND CONTINGENCIES (Note S)
STOCKHOLDERS’ DEFICIT    
Common stock, $.01 par value; 30,000,000 shares authorized; 9,369,235 shares issued; and 4,094,784 and 4,115,154 shares outstanding at June 26, 2022 and March 27, 2022, respectively 94 94
Additional paid-in capital 62,315 62,307
Accumulated deficit (27,334) (32,619)
Stockholders’ equity before treasury stock 35,075 29,782
Treasury stock, at cost, 5,274,451 and 5,254,081 shares at June 26, 2022 and March 27, 2022, respectively (85,840) (84,770)
Total stockholders’ deficit (50,765) (54,988)
Total liabilities and stockholders’ deficit $ 83,517 $ 78,516