Note F - Accounts and Other Receivables, Net

3 Months Ended

Jun. 24, 2018

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):

	June 24,		March 25,
	2018		2018
Branded product sales	$	9,981	$	7,604
Franchise and license royalties		4,475		2,767
Other		1,714		599
		16,170		10,970
Less: allowance for doubtful accounts		551		468
Accounts and other receivables, net	$	15,619	$	10,502

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

thirteen

-week period ended

June 24, 2018

and the fiscal year ended

March 25, 2018

are as follows (in thousands):

	June 24, 2018			March 25, 2018
Beginning balance	$	468		$	457
Reclassification to conform with ASC 606		77			-
Bad debt expense		14			34
Accounts written off		(8	)		(23	)
Ending balance	$	551		$	468