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Consolidated Statements of Earnings (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 29, 2019
Dec. 23, 2018
Dec. 29, 2019
Dec. 23, 2018
REVENUES        
Revenues $ 21,376 $ 20,222 $ 81,620 $ 79,720
COSTS AND EXPENSES        
Cost of sales 12,262 10,660 43,973 41,266
Restaurant operating expenses 764 766 2,791 2,817
Depreciation and amortization 294 278 941 962
General and administrative expenses 3,620 3,031 11,116 10,354
Advertising fund expense 573 591 2,122 1,858
Total costs and expenses 17,513 15,326 60,943 57,257
Income from operations 3,863 4,896 20,677 22,463
Gain on disposal of property and equipment 10,821 11,177
Interest expense (2,650) (2,650) (7,951) (7,951)
Interest income 338 277 1,074 453
Other income, net 22 5 61 189
Income before provision for income taxes 1,573 13,349 13,861 26,331
Provision for income taxes 360 3,627 3,621 7,330
Net income $ 1,213 $ 9,722 $ 10,240 $ 19,001
Weighted average shares used in computing income per share:        
Basic (in shares) 4,225,000 4,187,000 4,219,000 4,187,000
Diluted (in shares) 4,225,000 4,221,000 4,219,000 4,226,000
Income per share:        
Basic (in dollars per share) $ 0.29 $ 2.32 $ 2.43 $ 4.54
Diluted (in dollars per share) 0.29 2.30 2.43 4.50
Dividends declared per share (in dollars per share) $ 0.35 $ 0.25 $ 1.05 $ 0.75
Product [Member]        
REVENUES        
Revenues $ 15,356 $ 14,404 $ 57,699 $ 56,448
License [Member]        
REVENUES        
Revenues 4,412 4,316 18,559 18,160
Franchise Fees and Royalties [Member]        
REVENUES        
Revenues 1,035 911 3,610 3,254
Advertising Fund Revenue [Member]        
REVENUES        
Revenues $ 573 $ 591 $ 1,752 $ 1,858