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CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Jul. 02, 2022
Oct. 02, 2021
CURRENT ASSETS:    
Cash and cash equivalents (includes $782 at July 2, 2022 and $785 at October 2, 2021 related to VIEs) $ 26,602 $ 19,171
Accounts receivable (includes $389 at July 2, 2022 and $358 at October 2, 2021 related to VIEs) 4,652 4,113
Employee receivables 369 380
Inventories (includes $43 at July 2, 2022 and $35 at October 2, 2021 related to VIEs) 4,020 3,510
Prepaid and refundable income taxes (includes $277 at July 2, 2022 and $278 at October 2, 2021 related to VIEs) 1,398 3,896
Prepaid expenses and other current assets (includes $18 at July 2, 2022 and $277 at October 2, 2021 related to VIEs) 1,970 3,205
Total current assets 39,011 34,275
FIXED ASSETS - Net (includes $222 at July 2, 2022 and $218 at October 2, 2021 related to VIEs) 34,797 36,174
OPERATING LEASE RIGHT-OF-USE ASSETS - Net (includes $2,144 at July 2, 2022 and $2,342 at October 2, 2021 related to VIEs) 74,970 56,336
INTANGIBLE ASSETS - Net 293 376
GOODWILL 17,440 17,440
TRADEMARKS 4,220 4,220
DEFERRED INCOME TAXES 3,040 3,700
INVESTMENT IN AND RECEIVABLE FROM NEW MEADOWLANDS RACETRACK 6,455 6,425
OTHER ASSETS (includes $40 at July 2, 2022 and $82 at October 2, 2021 related to VIEs) 2,554 2,270
Total assets 182,780 161,216
CURRENT LIABILITIES:    
Accounts payable - trade (includes $307 at July 2, 2022 and $213 at October 2, 2021 related to VIEs) 5,393 4,886
Accrued expenses and other current liabilities (includes $499 at July 2, 2022 and $374 at October 2, 2021 related to VIEs) 15,094 13,679
Current portion of operating lease liabilities (includes $266 at July 2, 2022 and $249 at October 2, 2021 related to VIEs) 6,345 6,165
Current portion of notes payable (includes $0 at July 2, 2022 and $95 at October 2, 2021 related to VIEs) 6,690 6,973
Total current liabilities 33,522 31,703
OPERATING LEASE LIABILITIES, LESS CURRENT PORTION (includes $1,991 at July 2, 2022 and $2,193 at October 2, 2021 related to VIEs) 71,565 52,552
NOTES PAYABLE, LESS CURRENT PORTION, net of deferred financing costs (includes $0 at July 2, 2022 and $101 at October 2, 2021 related to VIEs) 18,199 25,509
Total liabilities 123,286 109,764
COMMITMENTS AND CONTINGENCIES
EQUITY:    
Common stock, par value $0.01 per share - authorized, 10,000 shares; issued and outstanding, 3,595 shares at July 2, 2022 and 3,551 at October 2, 2021 36 36
Additional paid-in capital 15,345 14,492
Retained earnings 43,959 35,884
Total Ark Restaurants Corp. shareholders’ equity 59,340 50,412
NON-CONTROLLING INTERESTS 154 1,040
TOTAL EQUITY 59,494 51,452
TOTAL LIABILITIES AND EQUITY $ 182,780 $ 161,216