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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Oct. 01, 2016
Oct. 03, 2015
CURRENT ASSETS:    
Cash and cash equivalents (includes $889 at October 1, 2016 and $604 at October 3, 2015 related to VIEs) $ 7,239 $ 9,735
Accounts receivable (includes $429 at October 1, 2016 and $303 at October 3, 2015 related to VIEs) 3,750 3,221
Employee receivables 453 485
Inventories (includes $23 at October 1, 2016 and $24 at October 3, 2015 related to VIEs) 1,892 1,956
Prepaid expenses and other current assets (includes $228 at October 1, 2016 and $216 at October 3, 2015 related to VIEs) 2,662 2,365
Total current assets 15,996 17,762
FIXED ASSETS - Net (includes $22 at October 1, 2016 and $40 at October 3, 2015 related to VIEs) 29,546 27,804
INTANGIBLE ASSETS - Net 526 499
GOODWILL 7,895 6,813
TRADEMARKS 1,611 1,221
DEFERRED INCOME TAXES 3,416 4,453
OTHER ASSETS (includes $71 at October 1, 2016 and October 3, 2015 related to VIEs) 2,564 1,562
TOTAL ASSETS 68,255 66,567
CURRENT LIABILITIES:    
Accounts payable - trade (includes $114 at October 1, 2016 and $81 at October 3, 2015 related to VIEs) 2,876 3,207
Accrued expenses and other current liabilities (includes $238 at October 1, 2016 and $131 at October 3, 2015 related to VIEs) 10,555 10,332
Accrued income taxes 606 2,477
Current portion of notes payable 2,617 1,617
Total current liabilities 16,654 17,633
OPERATING LEASE DEFERRED CREDIT (includes $73 at October 1, 2016 and $81 at October 3, 2015 related to VIEs) 3,576 3,796
NOTES PAYABLE, LESS CURRENT PORTION, net of deferred financing costs 5,321 3,907
TOTAL LIABILITIES 25,551 25,336
COMMITMENTS AND CONTINGENCIES
EQUITY:    
Common stock, par value $.01 per share - authorized, 10,000 shares; issued, 3,423 and 4,774 shares at October 1, 2016 and October 3, 2015; outstanding, 3,423 and 3,418 shares at October 1, 2016 and October 3, 2015 34 48
Additional paid-in capital 12,942 25,682
Retained earnings 27,158 26,548
40,134 52,278
Less treasury stock, at cost, of 1,356 shares at October 3, 2015   (13,220)
Total Ark Restaurants Corp. shareholders’ equity 40,134 39,058
NON-CONTROLLING INTERESTS 2,570 2,173
TOTAL EQUITY 42,704 41,231
TOTAL LIABILITIES AND EQUITY 68,255 66,567
New Meadowlands Racetrack LLC [Member]    
CURRENT ASSETS:    
INVESTMENT IN AND RECEIVABLE FROM NEW MEADOWLANDS RACETRACK $ 6,701 $ 6,453