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CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Apr. 02, 2022
Oct. 02, 2021
CURRENT ASSETS:    
Cash and cash equivalents (includes $277 at April 2, 2022 and $785 at October 2, 2021 related to VIEs) $ 18,542 $ 19,171
Accounts receivable (includes $392 at April 2, 2022 and $358 at October 2, 2021 related to VIEs) 3,967 4,113
Employee receivables 324 380
Inventories (includes $40 at April 2, 2022 and $35 at October 2, 2021 related to VIEs) 4,240 3,510
Prepaid and refundable income taxes (includes $280 at April 2, 2022 and $278 at October 2, 2021 related to VIEs) 3,839 3,896
Prepaid expenses and other current assets (includes $128 at April 2, 2022 and $277 at October 2, 2021 related to VIEs) 3,395 3,205
Total current assets 34,307 34,275
FIXED ASSETS - Net (includes $210 at April 2, 2022 and $218 at October 2, 2021 related to VIEs) 35,154 36,174
OPERATING LEASE RIGHT-OF-USE ASSETS - Net (includes $2,211 at April 2, 2022 and $2,342 at October 2, 2021 related to VIEs) 52,575 56,336
INTANGIBLE ASSETS - Net 315 376
GOODWILL 17,440 17,440
TRADEMARKS 4,220 4,220
DEFERRED INCOME TAXES 3,470 3,700
INVESTMENT IN AND RECEIVABLE FROM NEW MEADOWLANDS RACETRACK 6,445 6,425
OTHER ASSETS (includes $82 at April 2, 2022 and October 2, 2021 related to VIEs) 2,242 2,270
Total assets 156,168 161,216
CURRENT LIABILITIES:    
Accounts payable - trade (includes $122 at April 2, 2022 and $213 at October 2, 2021 related to VIEs) 4,909 4,886
Accrued expenses and other current liabilities (includes $554 at April 2, 2022 and $374 at October 2, 2021 related to VIEs) 13,912 13,679
Current portion of operating lease liabilities (includes $260 at April 2, 2022 and $249 at October 2, 2021 related to VIEs) 5,880 6,165
Current portion of notes payable (includes $0 at April 2, 2022 and $95 at October 2, 2021 related to VIEs) 5,839 6,973
Total current liabilities 30,540 31,703
OPERATING LEASE LIABILITIES, LESS CURRENT PORTION (includes $2,061 at April 2, 2022 and $2,193 at October 2, 2021 related to VIEs) 49,388 52,552
NOTES PAYABLE, LESS CURRENT PORTION, net of deferred financing costs (includes $0 at April 2, 2022 and $101 at October 2, 2021 related to VIEs) 22,121 25,509
Total liabilities 102,049 109,764
COMMITMENTS AND CONTINGENCIES
EQUITY:    
Common stock, par value $0.01 per share - authorized, 10,000 shares; issued and outstanding, 3,552 shares at April 2, 2022 and 3,551 at October 2, 2021 36 36
Additional paid-in capital 14,651 14,492
Retained earnings 39,148 35,884
Total Ark Restaurants Corp. shareholders’ equity 53,835 50,412
NON-CONTROLLING INTERESTS 284 1,040
TOTAL EQUITY 54,119 51,452
Total liabilities and equity $ 156,168 $ 161,216