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Consolidated Statements of Earnings (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Sep. 29, 2019
Sep. 23, 2018
Sep. 29, 2019
Sep. 23, 2018
REVENUES        
Revenues $ 29,726 $ 29,330 $ 60,244 $ 59,498
COSTS AND EXPENSES        
Cost of sales 16,289 15,160 31,711 30,606
Restaurant operating expenses 1,108 1,141 2,027 2,051
Depreciation and amortization 337 339 647 684
General and administrative expenses 3,559 3,438 7,496 7,323
Advertising fund expense 1,067 772 1,549 1,267
Total costs and expenses 22,360 20,850 43,430 41,931
Income from operations 7,366 8,480 16,814 17,567
Gain (loss) on disposal of property and equipment (2) 323 (2) 323
Interest expense (2,651) (2,651) (5,301) (5,301)
Interest income 370 115 736 176
Other income, net 20 196 41 217
Income before provision for income taxes 5,103 6,463 12,288 12,982
Provision for income taxes 1,445 1,979 3,261 3,703
Net income $ 3,658 $ 4,484 $ 9,027 $ 9,279
PER SHARE INFORMATION        
Basic (in dollars per share) $ 0.87 $ 1.07 $ 2.14 $ 2.22
Diluted (in dollars per share) 0.87 1.06 2.14 2.19
Dividends declared per share (in dollars per share) $ 0.35 $ 0.25 $ 0.70 $ 0.50
Weighted average shares used in computing income per share:        
Basic (in shares) 4,227,000 4,188,000 4,216,000 4,187,000
Diluted (in shares) 4,227,000 4,231,000 4,216,000 4,229,000
Product [Member]        
REVENUES        
Revenues $ 22,106 $ 21,573 $ 42,343 $ 42,044
License [Member]        
REVENUES        
Revenues 5,425 5,746 14,147 13,844
Franchise Fees and Royalties [Member]        
REVENUES        
Revenues 1,498 1,239 2,575 2,343
Advertising Fund Revenue [Member]        
REVENUES        
Revenues $ 697 $ 772 $ 1,179 $ 1,267