Note H - Accounts and Other Receivables, Net

6 Months Ended

Sep. 27, 2015

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

NOTE H – ACCOUNTS AND OTHER RECEIVABLES, NET

Accounts and other receivables, net, consist of the following (in thousands):

	September 27 , 2015		March 29, 2015

Branded product sales	$	6,432	$	6,317
Franchise and license royalties		2,669		2,570
Other		1,730		1,055
		10,831		9,942

Less: allowance for doubtful accounts		447		443
Accounts and other receivables, net	$	10,384	$	9,499

Accounts receivable are due within 30 days and are stated at amounts due from franchisees, retail licensees and Branded Product Program customers, net of an allowance for doubtful accounts. Accounts that are outstanding longer than the contractual payment terms are generally considered past due. The Company does not recognize franchise and license royalties that are not deemed to be realizable.

The Company individually reviews each past due account and determines its allowance for doubtful accounts by considering a number of factors, including the length of time accounts receivable are past due, the Company’s previous loss history, the customer’s current and expected future ability to pay its obligation to the Company, the condition of the general economy and the industry as a whole. Based on management’s assessment, the Company provides for estimated uncollectible amounts through a charge to earnings. After the Company has used reasonable collection efforts it writes off accounts receivable through a charge to the allowance for doubtful accounts.

Changes in the Company’s allowance for doubtful accounts for the twenty-six week period ended September 27, 2015 and the fiscal year ended March 29, 2015 are as follows (in thousands):

	September 27 , 2015			March 29, 2015

Beginning balance	$	443		$	433
Bad debt expense		16			23
Accounts written off		(12	)		(13	)
Ending balance	$	447		$	443