Note F - Accounts and Other Receivables, Net

9 Months Ended

Dec. 24, 2017

Notes to Financial Statements

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

NOTE

F – ACCOUNTS AND OTHER RECEIVABLES, NET          

Accounts and other receivables, net, consist of the following

(in thousands):

	December 24,		March 26 ,
	201 7		2017
Branded product sales	$	8,726	$	6,037
Franchise and license royalties		2,534		2,746
Other		1,093		622
		12,353		9,405
Less: allowance for doubtful accounts		480		457
Accounts and other receivables, net	$	11,873	$	8,948

Accounts receivable are due within

30

days and are stat

ed 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

thirty-nine

week period ended

December 24, 2017

and the fiscal year ended

March 26, 2017

are as follows (in thousands):     

	December 2 4 , 20 1 7			March 26 , 2017
Beginning balance	$	457		$	471
Bad debt expense		42			53
Accounts written off		(19	)		(67	)
Ending balance	$	480		$	457