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CONSOLIDATED CONDENSED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Jun. 29, 2024
Jul. 01, 2023
REVENUES:        
Total revenues $ 50,396 $ 51,051 $ 140,139 $ 140,393
COSTS AND EXPENSES:        
Payroll expenses 17,479 17,194 49,969 49,027
Other operating costs and expenses 6,305 6,274 18,233 17,557
General and administrative expenses 2,690 3,495 9,151 9,655
Depreciation and amortization 1,033 1,059 3,181 3,230
Impairment losses on right-of-use and long- lived assets 2,500 0 2,500 0
Total costs and expenses 49,572 47,414 138,914 134,530
OPERATING INCOME 824 3,637 1,225 5,863
OTHER (INCOME) EXPENSE:        
Interest expense 149 174 481 1,068
Interest income (11) (16) (33) (323)
Other income 0 (26) (26) (26)
Gain on forgiveness of PPP Loans 0 0 (285) (272)
Total other (income) expense, net 138 132 137 447
INCOME BEFORE PROVISION (BENEFIT) FOR INCOME TAXES 686 3,505 1,088 5,416
Provision (benefit) for income taxes (213) 173 (202) 306
CONSOLIDATED NET INCOME 899 3,332 1,290 5,110
Net income attributable to non-controlling interests (259) (137) (729) (674)
NET INCOME ATTRIBUTABLE TO ARK RESTAURANTS CORP. $ 640 $ 3,195 $ 561 $ 4,436
NET INCOME ATTRIBUTABLE TO ARK RESTAURANTS CORP. PER COMMON SHARE:        
Basic (in dollars per share) $ 0.18 $ 0.89 $ 0.16 $ 1.23
Diluted (in dollars per share) $ 0.18 $ 0.88 $ 0.15 $ 1.22
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:        
Basic (in shares) 3,604 3,601 3,604 3,600
Diluted (in shares) 3,627 3,641 3,628 3,644
Food and beverage sales        
REVENUES:        
Total revenues $ 49,176 $ 49,807 $ 136,994 $ 137,259
COSTS AND EXPENSES:        
Cost of goods and services sold 13,304 13,241 37,512 37,472
Other revenue        
REVENUES:        
Total revenues 1,220 1,244 3,145 3,134
Occupancy expenses        
COSTS AND EXPENSES:        
Cost of goods and services sold $ 6,261 $ 6,151 $ 18,368 $ 17,589