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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 25, 2022
Mar. 27, 2022
CURRENT ASSETS    
Cash and cash equivalents (Note E) $ 53,857 $ 50,063
Accounts and other receivables, net (Note G) 16,171 13,374
Inventories 723 522
Prepaid expenses and other current assets (Note H) 868 1,441
Total current assets 71,619 65,400
Property and equipment, net of accumulated depreciation of $10,694 and $10,344, respectively 3,750 3,785
Operating lease assets (Note Q) 6,804 7,416
Goodwill 95 95
Intangible asset, net (Note I) 956 1,043
Deferred income taxes 567 582
Other assets 182 195
Total assets 83,973 78,516
CURRENT LIABILITIES    
Accounts payable 4,945 6,381
Accrued expenses and other current liabilities (Note K) 7,885 7,833
Current portion of operating lease liabilities (Note Q) 1,849 1,849
Deferred franchise fees 352 349
Total current liabilities 15,031 16,412
Long-term debt, net of unamortized debt issuance costs of $1,563 and $1,817, respectively (Note P) 108,437 108,183
Operating lease liabilities (Note Q) 5,752 6,487
Other liabilities 724 674
Deferred franchise fees 1,486 1,748
Total liabilities 131,430 133,504
COMMITMENTS AND CONTINGENCIES (Note R)
STOCKHOLDERS’ DEFICIT    
Common stock, $.01 par value; 30,000,000 shares authorized; 9,369,235 shares issued; and 4,079,720 and 4,115,154 shares outstanding at September 25, 2022 and March 27, 2022, respectively 94 94
Additional paid-in capital 62,323 62,307
Accumulated deficit (23,212) (32,619)
Stockholders’ equity before treasury stock 39,205 29,782
Treasury stock, at cost, 5,289,515 and 5,254,081 shares at September 25, 2022 and March 27, 2022 (86,662) (84,770)
Total stockholders’ deficit (47,457) (54,988)
Total liabilities and stockholders’ deficit $ 83,973 $ 78,516