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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 29, 2018
Sep. 30, 2017
CURRENT ASSETS:    
Cash and cash equivalents (includes $181 at September 29, 2018 and $363 at September 30, 2017 related to VIEs) $ 5,012 $ 1,406
Accounts receivable (includes $354 at September 29, 2018 and $367 at September 30, 2017 related to VIEs) 3,452 3,353
Employee receivables 386 399
Inventories (includes $19 at September 29, 2018 and $22 at September 30, 2017 related to VIEs) 2,094 1,992
Prepaid and refundable income taxes (includes $241 at September 29, 2018 and $226 at September 30, 2017 related to VIEs) 721 945
Prepaid expenses and other current assets (includes $51 at September 29, 2018 and $63 at September 30, 2017 related to VIEs) 1,547 1,988
Total current assets 13,212 10,083
FIXED ASSETS - Net (includes $0 at September 29, 2018 and $6 at September 30, 2017 related to VIEs) 45,264 45,215
INTANGIBLE ASSETS - Net 349 409
GOODWILL 9,880 9,880
TRADEMARKS 3,331 3,331
DEFERRED INCOME TAXES 2,988 1,491
OTHER ASSETS (includes $82 at September 29, 2018 and $71 at September 30, 2017 related to VIEs) 2,677 2,679
TOTAL ASSETS 84,737 80,067
CURRENT LIABILITIES:    
Accounts payable - trade (includes $158 at September 29, 2018 and $116 at September 30, 2017 related to VIEs) 5,019 4,750
Accrued expenses and other current liabilities (includes $348 at September 29, 2018 and $260 at September 30, 2017 related to VIEs) 10,702 10,176
Dividend payable 868 857
Borrowings under credit facility 6,568 6,198
Current portion of notes payable 1,251 4,174
Total current liabilities 17,840 26,155
OPERATING LEASE DEFERRED CREDIT (includes ($21) at September 29, 2018 and $51 at September 30, 2017 related to VIEs) 3,301 3,648
NOTES PAYABLE, LESS CURRENT PORTION, net of deferred financing costs 19,860 7,824
TOTAL LIABILITIES 41,001 37,627
COMMITMENTS AND CONTINGENCIES
EQUITY:    
Common stock, par value $.01 per share - authorized, 10,000 shares; issued and outstanding, 3,470 shares at September 29, 2018 and 3,428 shares at September 30, 2017 35 34
Additional paid-in capital 12,897 12,639
Retained earnings 29,364 27,771
Total Ark Restaurants Corp. shareholders’ equity 42,296 40,444
NON-CONTROLLING INTERESTS 1,440 1,996
TOTAL EQUITY 43,736 42,440
TOTAL LIABILITIES AND EQUITY 84,737 80,067
New Meadowlands Racetrack LLC [Member]    
CURRENT ASSETS:    
INVESTMENT IN AND RECEIVABLE FROM NEW MEADOWLANDS RACETRACK $ 7,036 $ 6,979