XML 14 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2018
Apr. 01, 2017
Mar. 31, 2018
Apr. 01, 2017
REVENUES:        
Food and beverage sales $ 34,400 $ 33,914 $ 73,017 $ 71,867
Other revenue 876 726 1,611 1,192
Total revenues 35,276 34,640 74,628 73,059
COSTS AND EXPENSES:        
Food and beverage cost of sales 9,729 9,836 19,959 19,587
Payroll expenses 12,991 12,670 26,700 25,626
Occupancy expenses 4,119 3,764 9,150 8,496
Other operating costs and expenses 5,196 5,126 10,314 9,992
General and administrative expenses 2,525 2,444 5,603 5,744
Depreciation and amortization 1,278 1,053 2,582 2,535
Total costs and expenses 35,838 34,893 74,308 71,980
RESTAURANT OPERATING INCOME (LOSS) (562) (253) 320 1,079
Gain on sale of Ark Jupiter RI, LLC       1,637
OPERATING INCOME (LOSS) (562) (253) 320 2,716
OTHER (INCOME) EXPENSE:        
Interest expense 287 175 520 276
Interest income (14) (14) (28) (111)
Total other (income) expense, net 273 161 492 165
INCOME (LOSS) BEFORE PROVISION (BENEFIT) FOR INCOME TAXES (835) (414) (172) 2,551
Provision (benefit) for income taxes (145) (127) (1,223) 753
CONSOLIDATED NET INCOME (LOSS) (690) (287) 1,051 1,798
Net (income) loss attributable to non-controlling interests 53 (106) (61) (457)
NET INCOME (LOSS) ATTRIBUTABLE TO ARK RESTAURANTS CORP. $ (637) $ (393) $ 990 $ 1,341
NET INCOME (LOSS) PER ARK RESTAURANTS CORP. COMMON SHARE:        
Basic (in Dollars per share) $ (0.19) $ (0.11) $ 0.29 $ 0.39
Diluted (in Dollars per share) $ (0.19) $ (0.11) $ 0.28 $ 0.38
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:        
Basic (in Shares) 3,434 3,424 3,433 3,423
Diluted (in Shares) 3,434 3,424 3,552 3,541