BUSINESS SEGMENTS

12 Months Ended

Oct. 02, 2021

Segment Reporting [Abstract]

BUSINESS SEGMENTS

NOTE 19. BUSINESS SEGMENTS

We operate in two reportable segments – package stores and restaurants. The operation of package stores consists of retail liquor sales and related items. Information concerning the revenues and operating income for our fiscal years ended 2021 and 2020, and identifiable assets for the two reportable segments in which we operate, are shown in the following table. Operating income is total revenue less cost of merchandise sold and operating expenses relative to each segment. In computing operating income, none of the following items have been included: interest expense, other non-operating income and expense and income taxes. Identifiable assets by segment are those assets that are used in our operations in each segment. Corporate assets are principally cash and real property, improvements, furniture, equipment and vehicles used at our corporate headquarters. We do not have any operations outside of the United States and transactions between restaurants and package liquor stores are not material.

	2021			2020
Operating Revenues:
Restaurants	$	105,298,000		$	84,652,000
Package stores		29,304,000			26,276,000
Other revenues		2,705,000			2,049,000
Total operating revenues	$	137,307,000		$	112,977,000
Income from Operations Reconciled to Income after Income Taxes and Net Income Attributable to Noncontrolling Interests:
Restaurants	$	9,424,000		$	4,532,000
Package stores		1,643,000			1,699,000
		11,067,000			6,231,000
Corporate expenses, net of other revenues		(2,417,000	)		(3,320,000	)
Income from Operations		8,650,000			2,911,000
Interest expense		(938,000	)		(836,000	)
Interest and Other Income		58,000			49,000
Gain on forgiveness of PPP loans		10,136,000			—
Gain on sale of property and equipment		44,000			—
Income before provision for income taxes	$	17,950,000		$	2,124,000
Benefit (Provision) for Income Taxes		(1,185,000	)		60,000
Net Income		16,765,000			2,184,000
Net Income Attributable to Noncontrolling Interests		(4,981,000	)		(1,074,000	)
Net Income Attributable to Flanigan’s Enterprises, Inc, Stockholders	$	11,784,000		$	1,110,000
Identifiable Assets:
Restaurants	$	67,978,000		$	55,030,000
Package store		15,653,000			13,771,000
		83,631,000			68,801,000
Corporate		44,371,000			43,683,000
Consolidated Totals	$	128,002,000		$	112,484,000
Capital Expenditures
Restaurants	$	10,842,000		$	1,834,000
Package stores		1,240,000			260,000
		12,082,000			2,094,000
Corporate		1,173,000			672,000
Total Capital Expenditures	$	13,255,000		$	2,766,000

F-36

NOTE 19. BUSINESS SEGMENTS (Continued)

Depreciation and Amortization:
Restaurants	$	2,332,000	$	2,495,000
Package stores		348,000		355,000
		2,680,000		2,850,000
Corporate		383,000		390,000
Total Depreciation and Amortization	$	3,063,000	$	3,240,000