XML 25 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Sep. 24, 2017
Sep. 25, 2016
Cash flows from operating activities:    
Net income $ 6,042,000 $ 6,057,000
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 735,000 696,000
Amortization of debt issuance costs 599,000 611,000
Share-based compensation expense 199,000 346,000
Income tax benefit on stock option exercise 194,000 621,000
Provision for doubtful accounts 57,000 21,000
Deferred income taxes 40,000 27,000
Changes in operating assets and liabilities:    
Accounts and other receivables, net (2,636,000) (403,000)
Inventories (25,000) 180,000
Prepaid expenses and other current assets 620,000 894,000
Other assets 5,000 15,000
Accounts payable, accrued expenses and other current liabilities (431,000) (1,401,000)
Deferred franchise fees 102,000 (36,000)
Other liabilities (100,000) (67,000)
Net cash provided by operating activities 5,401,000 7,561,000
Cash flows from investing activities:    
Purchase of property and equipment (357,000) (606,000)
Net cash (used in) investing activities (357,000) (606,000)
Cash flows from financing activities:    
Proceeds from exercise of stock options 44,000
Dividends paid upon vesting of restricted stock (125,000) (125,000)
Payments of withholding tax on net share settlement of share-based compensation plans (157,000) (705,000)
Repurchase of treasury stock (1,272,000)
Net cash (used in) financing activities (282,000) (2,058,000)
Net increase in cash and cash equivalents 4,762,000 4,897,000
Cash and cash equivalents, beginning of period 56,915,000 50,228,000
Cash and cash equivalents, end of period 61,677,000 55,125,000
Cash paid during the period for:    
Interest 6,750,000 6,750,000
Income taxes paid $ 3,400,000 $ 2,099,000