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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 26, 2023
Mar. 27, 2022
CURRENT ASSETS    
Cash $ 29,861 $ 50,063
Accounts and other receivables, net (Note D) 15,066 13,374
Inventories 539 522
Prepaid expenses and other current assets (Note E) 1,895 1,441
Total current assets 47,361 65,400
Property and equipment, net of accumulated depreciation of $10,871 and $10,344, respectively (Note F) 3,321 3,785
Operating lease assets (Note K) 6,421 7,416
Goodwill 95 95
Intangible asset, net 869 1,043
Deferred income taxes (Note H) 375 582
Other assets 168 195
Total assets 58,610 78,516
CURRENT LIABILITIES    
Accounts payable 6,461 6,381
Accrued expenses and other current liabilities (Note G) 8,130 7,833
Current portion of operating lease liabilities (Note K) 1,782 1,849
Deferred franchise fees 336 349
Total current liabilities 16,709 16,412
Long-term debt, net of unamortized debt issuance costs of $952 and $1,817, respectively (Note J) 79,048 108,183
Operating lease liabilities (Note K) 5,406 6,487
Other liabilities 737 674
Deferred franchise fees 1,272 1,748
Total liabilities 103,172 133,504
Commitments and Contingencies  
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 March 26, 2023 and March 27, 2022, respectively 94 94
Additional paid-in capital 62,565 62,307
Accumulated deficit (20,559) (32,619)
Stockholders’ equity before treasury stock 42,100 29,782
Treasury stock, at cost, 5,289,515 and 5,254,081 shares at March 26, 2023 and March 27, 2022, respectively (86,662) (84,770)
Total stockholders’ deficit (44,562) (54,988)
Total liabilities and stockholders’ deficit $ 58,610 $ 78,516