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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 27, 2015
Mar. 29, 2015
Deferred Franchise Fees [Member]    
CURRENT LIABILITIES    
Deferred franchise fees $ 309,000 $ 278,000
Cash and cash equivalents $ 59,423,000 51,393,000
Marketable securities 7,091,000
Accounts and other receivables, net $ 10,384,000 9,499,000
Inventories 785,000 822,000
Prepaid expenses and other current assets (Note I) 374,000 4,532,000
Deferred income taxes 277,000 277,000
Total current assets 71,243,000 73,614,000
Property and equipment, net of accumulated depreciation of $7,190,000 and $6,946,000, respectively 8,817,000 9,257,000
Goodwill 95,000 95,000
Intangible asset 1,353,000 1,353,000
Other assets 343,000 347,000
81,851,000 84,666,000
Accounts payable 4,596,000 5,319,000
Accrued expenses and other current liabilities (Note J) 5,565,000 6,412,000
Total current liabilities 10,470,000 12,009,000
Long-term debt, net of unamortized debt discounts and issuance costs of $5,327,000 and $5,860,000 respectively (Note O) 129,673,000 129,140,000
Other liabilities 2,324,000 2,397,000
Deferred income taxes 970,000 1,028,000
Total liabilities $ 143,437,000 $ 144,574,000
COMMITMENTS AND CONTINGENCIES (Note P)
STOCKHOLDERS’ (DEFICIT)    
Common stock, $.01 par value; 30,000,000 shares authorized; 9,263,408 and 9,252,097 shares issued; and 4,430,523 and 4,604,410 shares outstanding at September 27, 2015 and March 29, 2015, respectively $ 93,000 $ 93,000
Additional paid-in capital 60,622,000 60,196,000
(Accumulated deficit) $ (58,287,000) (63,444,000)
Accumulated other comprehensive income 47,000
$ 2,428,000 (3,108,000)
Treasury stock, at cost, 4,832,885 and 4,647,687 shares at September 27, 2015 and March 29, 2015, respectively (64,014,000) (56,800,000)
Total stockholders’ (deficit) (61,586,000) (59,908,000)
$ 81,851,000 $ 84,666,000