Note D - Accounts and Other Receivables, Net

12 Months Ended

Mar. 28, 2021

Notes to Financial Statements

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

NOTE D - ACCOUNTS AND OTHER RECEIVABLES, NET

Accounts and other receivables, net, consist of the following:

	March 28,		March 29,
	2021		2020
Branded product sales	$	6,480	$	6,789
Franchise and license royalties		5,224		4,299
Other		293		257
		11,997		11,345
Less: allowance for doubtful accounts		345		237
Accounts and other receivables, net	$	11,652	$	11,108

Accounts receivable are due within 30 days and are stated at amounts due from franchisees, retail licensees and Branded Product Program customers, net of an allowance for doubtful accounts. Accounts that are outstanding longer than the contractual payment terms are generally considered past due. The Company does not recognize franchise and license royalties that are not deemed to be realizable.

The Company individually reviews each past due account and determines its allowance for doubtful accounts by considering a number of factors, including the length of time accounts receivable are past due, the Company’s previous loss history, the customer’s current and expected future ability to pay its obligation to the Company, the condition of the general economy and the industry as a whole. Based on management’s assessment, the Company provides for estimated uncollectible amounts through a charge to earnings. After the Company has used reasonable collection efforts, it writes off accounts receivable through a charge to the allowance for doubtful accounts.

Changes in the Company’s allowance for doubtful accounts for the fiscal years ended March 28, 2021 and March 29, 2020 are as follows:

	March 28, 2021		March 29, 2020
Beginning balance	$	237	$	585
Bad debt expense		101		71
Write offs and other		7		(419	)
Ending balance	$	345	$	237