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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Dec. 29, 2019
Mar. 31, 2019
CURRENT ASSETS    
Cash and cash equivalents (Note F) $ 77,395,000 $ 75,446,000
Accounts and other receivables, net (Note H) 10,436,000 10,173,000
Inventories 599,000 535,000
Prepaid expenses and other current assets (Note I) 962,000 1,007,000
Total current assets 89,392,000 87,161,000
Property and equipment, net of accumulated depreciation of $9,481 and $8,611, respectively 4,365,000 4,889,000
Operating lease assets (Note P) 9,274,000
Goodwill 95,000 95,000
Intangible asset, net 1,297,000 1,353,000
Deferred income taxes 52,000 343,000
Other assets 455,000 465,000
Total assets 104,930,000 94,306,000
CURRENT LIABILITIES    
Current portion of operating lease liabilities (Note P) 1,449,000
Accounts payable 4,434,000 5,222,000
Accrued expenses and other current liabilities (Note J) 5,470,000 9,384,000
Deferred franchise fees 278,000 318,000
Total current liabilities 11,631,000 14,924,000
Long-term debt, net of unamortized debt issuance costs of $4,032 and $4,551, respectively (Note O) 145,968,000 145,449,000
Long-term operating lease liabilities (Note P) 8,663,000
Other liabilities (Note J) 801,000 1,390,000
Deferred franchise fees 2,036,000 2,687,000
Total liabilities 169,099,000 164,450,000
COMMITMENTS AND CONTINGENCIES (Note Q)
STOCKHOLDERS’ (DEFICIT)    
Common stock, $.01 par value; 30,000,000 shares authorized; 9,368,792 and 9,336,338 shares issued; and 4,213,320 and 4,194,575 shares outstanding at December 29, 2019 and March 31, 2019, respectively 94,000 93,000
Additional paid-in capital 62,101,000 60,945,000
(Accumulated deficit) (47,076,000) (52,879,000)
Stockholders’ equity before treasury stock 15,119,000 8,159,000
Treasury stock, at cost, 5,155,472 and 5,141,763 shares at December 29, 2019 and March 31, 2019 (79,288,000) (78,303,000)
Total stockholders’ (deficit) (64,169,000) (70,144,000)
Total liabilities and stockholders’ (deficit) $ 104,930,000 $ 94,306,000