XML 16 R6.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Jun. 26, 2022
Jun. 27, 2021
Mar. 27, 2022
Cash flows from operating activities:      
Net income $ 7,137 $ 5,763  
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 233 278  
Amortization of debt issuance costs 127 173  
Share-based compensation expense 8 29  
Provision for doubtful accounts 81 0 $ 186
Deferred income taxes 17 (8)  
Other non-cash items (62) 105  
Changes in operating assets and liabilities:      
Accounts and other receivables, net (7,558) (7,532)  
Inventories (367) (127)  
Prepaid expenses and other current assets 133 531  
Other assets 6 5  
Accounts payable, accrued expenses and other current liabilities 1,123 395  
Deferred franchise fees (134) 423  
Other liabilities 27 42  
Net cash provided by operating activities 771 77  
Cash flows from investing activities:      
Purchase of property and equipment (244) (175)  
Net cash used in investing activities (244) (175)  
Cash flows from financing activities:      
Dividends paid to stockholders (1,852) (1,440)  
Repurchase of treasury stock (1,070) 0  
Net cash used in financing activities (2,922) (1,440)  
Net decrease in cash and cash equivalents (2,395) (1,538)  
Cash and cash equivalents, beginning of period 50,063 81,064 81,064
Cash and cash equivalents, end of period 47,668 79,526 $ 50,063
Cash paid during the period for:      
Interest 3,644 4,969  
Income taxes $ 146 $ 145  
Noncash financing activity:      
Dividends declared per share (in dollars per share) $ 0.45 $ 0.35