Note G - Long-term Investment

12 Months Ended

Mar. 26, 2017

Notes to Financial Statements

Cost-method Investments, Description [Text Block]

NOTE G –

LONG-TERM INVESTMENT

In

September 2012,

Nathan’s purchased

351,550

shares of Series A Preferred Stock in a privately-owned corporation for

$500.

Nathan’s investment currently represents a

2.5%

equity ownership in the entity and Nathan’s does

not

have the ability to exercise significant influence over the investee. The shares have voting rights on the same basis as the common shareholders and have certain dividend rights, if declared. Nathan’s accounts for this investment pursuant to the cost method and recognizes dividends distributed by the investee as income to the extent that dividends are distributed from net accumulated earnings of the investee. There were

no

dividends declared by the investee during the

fifty-two

week periods ended

March 26, 2017

or

March 27, 2016.

Each reporting period, management reviewed the carrying value of this investment based upon the financial information provided by the investment’s management and considers whether indicators of impairment exist. If an impairment indicator exists, management evaluates the fair value of its investment to determine if an, other-than-temporary impairment in value has occurred. We are required to recognize an impairment on the investment if such impairment is considered to be other-than-temporary. At

March 27, 2016,

we performed our evaluation of whether indicators of impairment existed, and determined that an other-than-temporary impairment has occurred and recorded impairment charges of

$100

on this investment during the

fifty-two

week periods ended

March 27, 2016,

based on the Company’s expected inability to recover its remaining investment. As of

March 26, 2017

and

March 27, 2016,

the investment has been fully impaired and has

no

carrying value on the accompanying balance sheets.