XML 14 R4.htm IDEA: XBRL DOCUMENT v3.6.0.2
CONSOLIDATED CONDENSED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Dec. 31, 2016
Jan. 02, 2016
REVENUES:    
Food and beverage sales $ 37,953 $ 36,632
Other revenue 439 359
Total revenues 38,392 36,991
COSTS AND EXPENSES:    
Food and beverage cost of sales 9,750 9,592
Payroll expenses 12,956 13,192
Occupancy expenses 4,732 4,545
Other operating costs and expenses 4,866 4,563
General and administrative expenses 3,300 3,328
Depreciation and amortization 1,483 1,138
Total costs and expenses 37,087 36,358
RESTAURANT OPERATING INCOME 1,305 633
Gain on sale of Rustic Inn, Jupiter 1,637  
OPERATING INCOME 2,942 633
OTHER (INCOME) EXPENSE:    
Interest expense 101 91
Interest income (96) (12)
Other (income) expense, net (28) (61)
Total other (income) expense, net (23) 18
INCOME BEFORE PROVISION FOR INCOME TAXES 2,965 615
Provision for income taxes 880 139
CONSOLIDATED NET INCOME 2,085 476
Net income attributable to non-controlling interests (351) (155)
NET INCOME ATTRIBUTABLE TO ARK RESTAURANTS CORP. $ 1,734 $ 321
NET INCOME PER ARK RESTAURANTS CORP. COMMON SHARE:    
Basic (in Dollars per share) $ 0.51 $ 0.09
Diluted (in Dollars per share) $ 0.49 $ 0.09
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:    
Basic (in Shares) 3,423 3,418
Diluted (in Shares) 3,507 3,517