-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, N+HOsVHCGjumcm4lh44qjpsQa57kVzR7+VnUnXMITFzv8QVMl/tXUCWiyJ8Zo4nX +c44lBg0pn4FYha0sztfig== 0000950123-00-001426.txt : 20000221 0000950123-00-001426.hdr.sgml : 20000221 ACCESSION NUMBER: 0000950123-00-001426 CONFORMED SUBMISSION TYPE: 10-Q/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19991226 FILED AS OF DATE: 20000218 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NATHANS FAMOUS INC CENTRAL INDEX KEY: 0000069733 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812] IRS NUMBER: 113166443 STATE OF INCORPORATION: DE FISCAL YEAR END: 0329 FILING VALUES: FORM TYPE: 10-Q/A SEC ACT: SEC FILE NUMBER: 000-03189 FILM NUMBER: 549156 BUSINESS ADDRESS: STREET 1: 1400 OLD COUNTRY RD CITY: WESTBURY STATE: NY ZIP: 11590 BUSINESS PHONE: 5163388500 MAIL ADDRESS: STREET 1: 1400 OLD COUNTRY RD STREET 2: STE 400 CITY: WESTBURY STATE: NY ZIP: 11590 10-Q/A 1 NATHAN'S FAMOUS, INC. 1 FORM 10-Q / A SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 [ x ] Quarterly report pursuant to Section 13 or 15(d) of the Securities Act of 1934 for the quarterly period ended DECEMBER 26, 1999. [ ] Transition report pursuant to Section 13 or 15(d) of the Securities Act of 1934 for the transition period from __________________________ to __________________________ . Commission File Number 0-3189 NATHAN'S FAMOUS, INC. (Exact name of registrant as specified in its charter) DELAWARE 11-3166443 (State or other jurisdiction of (IRS employer incorporation or organization) identification number)
1400 OLD COUNTRY ROAD, WESTBURY, NEW YORK 11590 (Address of principal executive offices including zip code) (516) 338-8500 (Registrant's telephone number, including area code) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No At December 26, 1999, an aggregate of 7,040,509 shares of the registrant's common stock, par value of $.01, were outstanding. 2 PART I. FINANCIAL INFORMATION Item 1. Consolidated Financial Statements NATHAN'S FAMOUS, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (In thousands, except share amounts)
December March 26, 1999 28, 1999 -------- -------- (Unaudited) Current assets: Cash and cash equivalents including unexpended marketing fund contributions of $880 and $0 and restricted cash of $83 and $83, respectively $ 2,650 $ 2,165 Marketable investment securities 2,911 3,267 Notes, franchise and other receivables, net 3,944 1,578 Inventory 663 374 Prepaid expenses and other current assets 482 411 Deferred income taxes 627 622 -------- -------- Total current assets 11,277 8,417 Notes receivable, net 3,938 -- Property and equipment, net 11,556 6,293 Assets held for sale 1,761 -- Intangible assets, net 19,664 10,882 Investment in unconsolidated affiliate -- 4,441 Deferred income taxes 892 892 Other assets, net 610 325 -------- -------- $ 49,698 $ 31,250 ======== ======== Current liabilities: Current maturities of long term debt $ 322 $ -- Accounts payable 1,713 1,053 Accrued expenses and other current liabilities 6,924 3,434 Deferred franchise fees 198 222 -------- -------- Total current liabilities 9,157 4,709 Long term debt, less current maturities 3,182 -- Deferred franchise fees and other deferred revenue 791 -- Accrued expenses and other liabilities 1,093 193 -------- -------- Total liabilities 14,223 4,902 -------- -------- Stockholders' equity: Common stock, $.01 par value - 30,000,000 shares authorized, 7,040,509 and 4,722,216 issued and outstanding , respectively 70 47 Additional paid-in-capital 40,669 32,423 Accumulated deficit (5,264) (6,122) -------- -------- Total stockholders' equity 35,475 26,348 -------- -------- $ 49,698 $ 31,250 ======== ========
See accompanying notes to consolidated financial statements. -2- 3 SIGNATURES Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. NATHAN'S FAMOUS, INC. Date: February 17, 2000 By: /s/ Wayne Norbitz ----------------------------------- Wayne Norbitz President and Chief Operating Officer (Principal Executive Officer) Date: February 17, 2000 By: /s/ Ronald G. DeVos ------------------------------------- Ronald G. DeVos Vice President - Finance and Chief Financial Officer (Principal Financial and Accounting Officer) -3- -----END PRIVACY-ENHANCED MESSAGE-----