XML 13 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 27, 2020
Mar. 29, 2020
CURRENT ASSETS    
Cash and cash equivalents (Note F) $ 81,519 $ 77,117
Accounts and other receivables, net (Note H) 8,967 11,108
Inventories 557 378
Prepaid expenses and other current assets (Note I) 621 1,181
Total current assets 91,664 89,784
Property and equipment, net of accumulated depreciation of $10,024 and $9,468, respectively 4,372 4,610
Operating lease assets (Note R) 8,648 9,181
Goodwill 95 95
Intangible asset 1,212 1,269
Deferred income taxes 7 0
Other assets 334 343
Total assets 106,332 105,282
CURRENT LIABILITIES    
Accounts payable 3,088 3,509
Accrued expenses and other current liabilities (Note L) 7,552 9,297
Current portion of operating lease liabilities (Note R) 1,821 1,583
Deferred franchise fees 225 230
Total current liabilities 12,686 14,619
Long-term debt, net of unamortized debt issuance costs of $3,514 and $3,860, respectively (Note Q) 146,486 146,140
Operating lease liabilities (Note R) 7,887 8,532
Other liabilities (Note L) 739 696
Deferred franchise fees 1,609 1,687
Deferred income taxes 0 9
Total liabilities 169,407 171,683
COMMITMENTS AND CONTINGENCIES (Note S)
STOCKHOLDERS’ DEFICIT    
Common stock, $.01 par value; 30,000,000 shares authorized; 9,369,015 and 9,368,792 shares issued; and 4,114,934 and 4,141,387 shares outstanding at September 27, 2020 and March 29, 2020, respectively 94 94
Additional paid-in capital 62,182 62,130
(Accumulated deficit) (40,581) (45,356)
Stockholders’ equity before treasury stock 21,695 16,868
Treasury stock, at cost, 5,254,081 and 5,227,405 shares at September 27, 2020 and March 29, 2020 (84,770) (83,269)
Total stockholders’ deficit (63,075) (66,401)
Total liabilities and stockholders’ deficit $ 106,332 $ 105,282