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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Dec. 27, 2015
Mar. 29, 2015
Deferred Franchise Fees [Member]    
CURRENT LIABILITIES    
Deferred franchise fees $ 197,000 $ 278,000
Cash and cash equivalents $ 59,708,000 51,393,000
Marketable securities 7,091,000
Accounts and other receivables, net $ 9,035,000 9,499,000
Inventories 569,000 822,000
Prepaid expenses and other current assets (Note I) 914,000 4,532,000
Deferred income taxes 277,000 277,000
Total current assets 70,503,000 73,614,000
Property and equipment, net of accumulated depreciation of $7,492 and $6,946, respectively 8,832,000 9,257,000
Goodwill 95,000 95,000
Intangible asset 1,353,000 1,353,000
Other assets 213,000 347,000
80,996,000 84,666,000
Accounts payable 4,176,000 5,319,000
Accrued expenses and other current liabilities (Note J) 8,755,000 6,412,000
Total current liabilities 13,128,000 12,009,000
Long-term debt, net of unamortized debt discounts and issuance costs of $5,031 and $5,860, respectively (Note O) 129,969,000 129,140,000
Other liabilities 2,042,000 2,397,000
Deferred income taxes 1,018,000 1,028,000
Total liabilities $ 146,157,000 $ 144,574,000
COMMITMENTS AND CONTINGENCIES (Note P)
STOCKHOLDERS’ (DEFICIT)    
Common stock, $.01 par value; 30,000,000 shares authorized; 9,269,286 and 9,252,097 shares issued; and 4,347,729 and 4,604,410 shares outstanding at December 27, 2015 and March 29, 2015, respectively $ 93,000 $ 93,000
Additional paid-in capital 60,671,000 60,196,000
(Accumulated deficit) $ (57,855,000) (63,444,000)
Accumulated other comprehensive income 47,000
$ 2,909,000 (3,108,000)
Treasury stock, at cost, 4,921,557 and 4,647,687 shares at December 27, 2015 and March 29, 2015, respectively (68,070,000) (56,800,000)
Total stockholders’ (deficit) (65,161,000) (59,908,000)
$ 80,996,000 $ 84,666,000