XML 32 R6.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 29, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net income $ 13,435 $ 21,493
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 1,233 1,212
Gain on sale of property and equipment (11,177)
Non cash rental expense 232
Amortization of debt issuance costs 691 691
Share-based compensation expense 116 162
Income tax benefit on stock option exercises 228 310
Provision for doubtful accounts 71 100
Deferred income taxes 352 86
Changes in operating assets and liabilities:    
Accounts and other receivables, net (1,006) 229
Inventories 157 (151)
Prepaid expenses and other current assets (174) 1,866
Other assets 122 (172)
Accounts payable, accrued expenses and other current liabilities (2,028) (3,367)
Deferred franchise fees (1,088) (161)
Other liabilities 8 35
Net cash provided by operating activities 12,349 11,156
Cash flows from investing activities:    
Proceeds from disposal of property and equipment 12,775
Purchase of property and equipment (870) (447)
Net cash (used in) provided by investing activities (870) 12,328
Cash flows from financing activities:    
Dividends paid to stockholders (5,912) (4,337)
Repurchase of treasury stock (4,966) (1,000)
Proceeds from the exercise of stock options 1,078 134
Payments of withholding tax on net share settlement of share-based compensation plans (8) (174)
Net cash used in financing activities (9,808) (5,377)
Net increase in cash and cash equivalents 1,671 18,107
Cash and cash equivalents, beginning of year 75,446 57,339
Cash and cash equivalents, end of year 77,117 75,446
Cash paid during the year for:    
Interest 9,938 9,938
Income taxes $ 3,874 $ 6,284
Noncash financing activity:    
Dividends declared per share (in dollars per share) $ 1.40 $ 1