Note E - Accounts and Other Receivables, Net

12 Months Ended

Mar. 26, 2017

Notes to Financial Statements

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

NOTE E - ACCOUNTS AND OTHER RECEIVABLES, NET

Accounts and other receivables, net, consist of the following:

	March 26 ,		March 27,
	201 7		2016
Branded product sales	$	6,037	$	5,689
Franchise and license royalties		2,746		2,592
Other		622		911
		9,405		9,192
Less: allowance for doubtful accounts		457		471
Accounts and other receivables, net	$	8,948	$	8,721

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 fiscal years ended

March 26, 2017,

March 27, 2016

and

March 29, 2015

are as follows:

	March 26, 2017			March 27, 2016			March 29, 2015
Beginning balance	$	471		$	443		$	433
Bad debt expense		53			38			23
Accounts written off		(67	)		(10	)		(13	)
Ending balance	$	457		$	471		$	443