Note N - Stockholders' Equity	6 Months Ended
Sep. 29, 2019
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	NOTE N– STOCKHOLDERS’ EQUITY 1. Dividend s Effective June 14, 2019, the Board declared its first quarterly cash dividend of $0.35 per share for fiscal year 2020, aggregating $1,479,000, which was paid on June 28, 2019 to stockholders of record as of the close of business on June 24, 2019. Effective August 9, 2019 the Board declared its second quarterly cash dividend of $0.35 per share, aggregating $1,479,000, which was paid on September 6, 2019 to stockholders of record as of the close of business on August 26, 2019. Effective November 8, 2019 the Board declared its third quarterly cash dividend of $0.35 per share payable on December 6, 2019 to stockholders of record as of the close of business on November 25, 2019. Our ability to pay future dividends is limited by the terms of the Indenture with U.S. Bank National Association, as trustee and collateral trustee (see Note O). In addition to the terms of the Indenture, the declaration and payment of any cash dividends in the future are subject to final determination of the Board and will be dependent upon our earnings and financial requirements. 2. Stock Incentive Plans On September 13, 2012, the Company amended the Nathan’s Famous, Inc. 2010 Stock Incentive Plan (the “2010 Plan”) increasing the number of shares available for issuance by 250,000 shares. Shares to be issued under the 2010 Plan may be made available from authorized but unissued stock, common stock held by the Company in its treasury, or common stock purchased by the Company on the open market or otherwise. The number of shares issuable and the grant, purchase or exercise price of outstanding awards are subject to adjustment in the amount that the Company’s Compensation Committee considers appropriate upon the occurrence of certain events, including stock dividends, stock splits, mergers, consolidations, reorganizations, recapitalizations, or other capital adjustments. In the event that the Company issues restricted stock awards pursuant to the 2010 Plan, each share of restricted stock would reduce the amount of available shares for issuance by either 3.2 shares for each share of restricted stock granted or 1 share for each share of restricted stock granted. On September 18, 2019, the Company’s shareholders approved the Nathan’s Famous, Inc. 2019 Stock Incentive Plan (the “2019 Plan”). The 2019 Plan will be effective as of July 1, 2020 ( the "Effective Date"). Following the Effective Date, (i) no additional stock awards shall be granted under the 2010 Plan and (ii) all outstanding stock awards previously granted under the 2010 Plan shall remain subject to the terms of the 2010 Plan. All awards granted on or after the Effective Date of the 2019 Plan shall be subject to the terms of the 2019 Plan. Once effective, we will be able to issue up to: (a) 369,584 shares of common stock under the 2019 Plan which includes: (i) shares that have been authorized but not issued pursuant to the 2010 Plan as of July 1, 2020 up to a maximum of an additional 208,584 shares and (ii) any shares subject to any outstanding options or restricted stock grants under any plan of the Company that were outstanding as of July 1, 2020 and that subsequently expire unexercised, or are otherwise forfeited, up to a maximum of an additional 11,000 shares. As of September 29, 2019, there were up to 208,584 shares available to be issued for future option grants or up to 184,808 shares of restricted stock that may be granted under the 2010 Plan. 3. Stock Repurchase Programs During the period from October 2001 through September 29, 2019, Nathan’s purchased 5,141,763 shares of common stock at a cost of approximately $78,303,000 pursuant to various stock repurchase plans previously authorized by the Board of Directors. During the twenty-six week period ended September 29, 2019, we did not repurchase any shares of common stock. In 2016, the Company’s Board of Directors authorized increases to the sixth stock repurchase plan for the purchase of up to 1,200,000 shares of its common stock on behalf of the Company. As of September 29, 2019, Nathan’s had repurchased 954,132 shares at a cost of $30,641,000 under the sixth stock repurchase plan. At September 29, 2019, there were 245,868 shares remaining to be repurchased pursuant to the sixth stock repurchase plan. The plan does not have a set expiration date. Purchases under the Company’s stock repurchase program may be made from time to time, depending on market conditions, in open market or privately-negotiated transactions, at prices deemed appropriate by management. There is no set time limit on the repurchases.

NOTE N– STOCKHOLDERS’ EQUITY

Dividend

Effective

June 14, 2019,

the Board declared its

first

quarterly cash dividend of

$0.35

per share for fiscal year

2020,

aggregating

$1,479,000,

which was paid on

June 28, 2019

to stockholders of record as of the close of business on

June 24, 2019.

Effective

August 9, 2019

the Board declared its

second

quarterly cash dividend of

$0.35

per share, aggregating

$1,479,000,

which was paid on

September 6, 2019

to stockholders of record as of the close of business on

August 26, 2019.

Effective

November 8, 2019

the Board declared its

third

quarterly cash dividend of

$0.35

per share payable on

December 6, 2019

to stockholders of record as of the close of business on

November 25, 2019.

Our ability to pay future dividends is limited by the terms of the Indenture with U.S. Bank National Association, as trustee and collateral trustee (see Note O). In addition to the terms of the Indenture, the declaration and payment of any cash dividends in the future are subject to final determination of the Board and will be dependent upon our earnings and financial requirements.

Stock Incentive Plans

September 13, 2012,

the Company amended the Nathan’s Famous, Inc.

2010

Stock Incentive Plan (the

“2010

Plan”) increasing the number of shares available for issuance by

250,000

shares. Shares to be issued under the

2010

Plan

may

be made available from authorized but unissued stock, common stock held by the Company in its treasury, or common stock purchased by the Company on the open market or otherwise. The number of shares issuable and the grant, purchase or exercise price of outstanding awards are subject to adjustment in the amount that the Company’s Compensation Committee considers appropriate upon the occurrence of certain events, including stock dividends, stock splits, mergers, consolidations, reorganizations, recapitalizations, or other capital adjustments. In the event that the Company issues restricted stock awards pursuant to the

2010

Plan, each share of restricted stock would reduce the amount of available shares for issuance by either

3.2

shares for each share of restricted stock granted or

share for each share of restricted stock granted.

September 18, 2019,

the Company’s shareholders approved the Nathan’s Famous, Inc.

2019

Stock Incentive Plan (the

“2019

Plan”). The

2019

Plan will be effective as of

July 1, 2020 (

the "Effective Date"). Following the Effective Date, (i)

additional stock awards shall be granted under the

2010

Plan and (ii) all outstanding stock awards previously granted under the

2010

Plan shall remain subject to the terms of the

2010

Plan. All awards granted on or after the Effective Date of the

2019

Plan shall be subject to the terms of the

2019

Plan.

Once effective, we will be able to issue up to: (a)

369,584

shares of common stock under the

2019

Plan which includes: (i) shares that have been authorized but

not

issued pursuant to the

2010

Plan as of

July 1, 2020

up to a maximum of an additional

208,584

shares and (ii) any shares subject to any outstanding options or restricted stock grants under any plan of the Company that were outstanding as of

July 1, 2020

and that subsequently expire unexercised, or are otherwise forfeited, up to a maximum of an additional

11,000

shares. As of

September 29, 2019,

there were up to

208,584

shares available to be issued for future option grants or up to

184,808

shares of restricted stock that

may

be granted under the

2010

Plan.

Stock Repurchase Programs

During the period from

October 2001

through

September 29, 2019,

Nathan’s purchased

5,141,763

shares of common stock at a cost of approximately

$78,303,000

pursuant to various stock repurchase plans previously authorized by the Board of Directors. During the

twenty-six

week period ended

September 29, 2019,

we did

not

repurchase any shares of common stock.

2016,

the Company’s Board of Directors authorized increases to the

sixth

stock repurchase plan for the purchase of up to

1,200,000

shares of its common stock on behalf of the Company. As of

September 29, 2019,

Nathan’s had repurchased

954,132

shares at a cost of

$30,641,000

under the

sixth

stock repurchase plan. At

September 29, 2019,

there were

245,868

shares remaining to be repurchased pursuant to the

sixth

stock repurchase plan. The plan does

not

have a set expiration date. Purchases under the Company’s stock repurchase program

may

be made from time to time, depending on market conditions, in open market or privately-negotiated transactions, at prices deemed appropriate by management. There is

set time limit on the repurchases.