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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 28, 2021
Mar. 29, 2020
CURRENT ASSETS    
Cash and cash equivalents $ 81,064 $ 77,117
Accounts and other receivables, net (Note D) 11,652 11,108
Inventories 624 378
Prepaid expenses and other current assets (Note E) 1,325 1,181
Total current assets 94,665 89,784
Property and equipment, net of accumulated depreciation of $9,779 and $9,468, respectively 4,090 4,610
Operating lease assets (Note K) 8,337 9,181
Goodwill 95 95
Intangible asset, net 1,156 1,269
Deferred income taxes 138 0
Other assets 328 343
Total assets 108,809 105,282
CURRENT LIABILITIES    
Accounts payable 4,041 3,509
Accrued expenses and other current liabilities (Note G) 8,478 9,297
Current portion of operating lease liabilities (Note K) 1,837 1,583
Deferred franchise fees 237 230
Total current liabilities 14,593 14,619
Long-term debt, net of unamortized debt issuance costs of $3,169 and $3,860, respectively (Note J) 146,831 146,140
Operating lease liabilities (Note K) 7,553 8,532
Other liabilities (Note G) 774 696
Deferred franchise fees 1,536 1,687
Deferred income taxes 0 9
Total liabilities 171,287 171,683
COMMITMENTS AND CONTINGENCIES (Note M)
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 March 28, 2021 and March 29, 2020, respectively 94 94
Additional paid-in capital 62,240 62,130
Accumulated deficit (40,042) (45,356)
Stockholders’ equity before treasury stock 22,292 16,868
Treasury stock, at cost, 5,254,081 and 5,227,405 shares at March 28, 2021 and March 29, 2020 (84,770) (83,269)
Total stockholders’ deficit (62,478) (66,401)
Total liabilities and stockholders’ deficit $ 108,809 $ 105,282