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CONSOLIDATED CONDENSED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jul. 02, 2022
Jul. 03, 2021
Jul. 02, 2022
Jul. 03, 2021
REVENUES:        
Total revenues $ 53,218 $ 42,965 $ 136,789 $ 89,031
COSTS AND EXPENSES:        
Payroll expenses 16,205 12,304 43,926 29,345
Other operating costs and expenses 5,996 4,737 15,974 11,077
General and administrative expenses 3,872 2,802 9,854 7,625
Depreciation and amortization 1,018 1,082 3,245 3,045
Total costs and expenses 47,797 37,852 128,349 88,722
OPERATING INCOME 5,421 5,113 8,440 309
OTHER (INCOME) EXPENSE:        
Interest expense 291 309 838 940
Interest income (38) (14) (60) (41)
Other income (37) 0 (384) 0
Gain on forgiveness of PPP Loans (1,298) (3,195) (2,420) (7,318)
Total other (income) expense, net (1,082) (2,900) (2,026) (6,419)
INCOME BEFORE PROVISION (BENEFIT) FOR INCOME TAXES 6,503 8,013 10,466 6,728
Provision (benefit) for income taxes 905 4,684 1,290 (155)
CONSOLIDATED NET INCOME 5,598 3,329 9,176 6,883
Net income attributable to non-controlling interests (343) (659) (657) (816)
NET INCOME ATTRIBUTABLE TO ARK RESTAURANTS CORP. $ 5,255 $ 2,670 $ 8,519 $ 6,067
NET INCOME PER ARK RESTAURANTS CORP. COMMON SHARE:        
Basic (in dollars per share) $ 1.48 $ 0.76 $ 2.40 $ 1.73
Diluted (in dollars per share) $ 1.46 $ 0.73 $ 2.37 $ 1.68
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:        
Basic (in shares) 3,555 3,522 3,553 3,512
Diluted (in shares) 3,597 3,648 3,599 3,602
Food and beverage sales        
REVENUES:        
Total revenues $ 52,069 $ 42,137 $ 134,127 $ 87,207
COSTS AND EXPENSES:        
Cost of goods and services sold 14,740 12,676 39,536 26,382
Other revenue        
REVENUES:        
Total revenues 1,149 828 2,662 1,824
Occupancy expenses        
COSTS AND EXPENSES:        
Cost of goods and services sold $ 5,966 $ 4,251 $ 15,814 $ 11,248