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CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Apr. 02, 2022
Apr. 03, 2021
Apr. 02, 2022
Apr. 03, 2021
REVENUES:        
Total revenues $ 39,586 $ 25,767 $ 83,571 $ 46,066
COSTS AND EXPENSES:        
Payroll expenses 13,482 8,391 27,722 17,041
Other operating costs and expenses 4,840 3,529 9,978 6,339
General and administrative expenses 3,018 3,036 5,982 4,824
Depreciation and amortization 1,148 1,021 2,227 1,963
Total costs and expenses 39,359 27,264 80,553 50,869
OPERATING INCOME (LOSS) 227 (1,497) 3,018 (4,803)
OTHER (INCOME) EXPENSE:        
Interest expense 262 308 547 632
Interest income (12) (13) (22) (27)
Other income (125) 0 (347) 0
Gain on forgiveness of PPP Loans (1,122) (4,124) (1,122) (4,124)
Total other (income) expense, net (997) (3,829) (944) (3,519)
INCOME (LOSS) BEFORE PROVISION (BENEFIT) FOR INCOME TAXES 1,224 2,332 3,962 (1,284)
Provision (benefit) for income taxes 76 (1,921) 385 (4,839)
CONSOLIDATED NET INCOME 1,148 4,253 3,577 3,555
Net income attributable to non-controlling interests (93) (92) (313) (157)
NET INCOME ATTRIBUTABLE TO ARK RESTAURANTS CORP. $ 1,055 $ 4,161 $ 3,264 $ 3,398
NET INCOME PER ARK RESTAURANTS CORP. COMMON SHARE:        
Basic (in dollars per share) $ 0.30 $ 1.19 $ 0.92 $ 0.97
Diluted (in dollars per share) $ 0.29 $ 1.15 $ 0.91 $ 0.95
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:        
Basic (in shares) 3,552 3,511 3,552 3,507
Diluted (in shares) 3,604 3,627 3,600 3,579
Food and beverage sales        
REVENUES:        
Total revenues $ 38,822 $ 25,181 $ 82,058 $ 45,070
COSTS AND EXPENSES:        
Cost of goods and services sold 12,255 7,764 24,796 13,705
Other revenue        
REVENUES:        
Total revenues 764 586 1,513 996
Occupancy expenses        
COSTS AND EXPENSES:        
Cost of goods and services sold $ 4,616 $ 3,523 $ 9,848 $ 6,997