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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 26, 2021
Mar. 28, 2021
CURRENT ASSETS    
Cash and cash equivalents (Note F) $ 86,756 $ 81,064
Accounts and other receivables, net (Note H) 14,817 11,652
Inventories 948 624
Prepaid expenses and other current assets (Note I) 612 1,325
Total current assets 103,133 94,665
Property and equipment, net of accumulated depreciation of $10,270 and $9,779, respectively 3,942 4,090
Operating lease assets (Note R) 7,772 8,337
Goodwill 95 95
Intangible asset, net 1,099 1,156
Deferred income taxes 154 138
Other assets 318 328
Total assets 116,513 108,809
CURRENT LIABILITIES    
Accounts payable 5,084 4,041
Accrued expenses and other current liabilities (Note L) 8,585 8,478
Current portion of operating lease liabilities (Note R) 1,846 1,837
Deferred franchise fees 351 237
Total current liabilities 15,866 14,593
Long-term debt, net of unamortized debt issuance costs of $2,823 and $3,169, respectively (Note Q) 147,177 146,831
Operating lease liabilities (Note R) 6,867 7,553
Other liabilities (Note L) 834 774
Deferred franchise fees 1,768 1,536
Total liabilities 172,512 171,287
COMMITMENTS AND CONTINGENCIES (Note S)
STOCKHOLDERS’ DEFICIT    
Common stock, $.01 par value; 30,000,000 shares authorized; 9,369,235 and 9,369,015 shares issued; and 4,115,154 and 4,114,934 shares outstanding at September 26, 2021 and March 28, 2021, respectively 94 94
Additional paid-in capital 62,291 62,240
Accumulated deficit (33,614) (40,042)
Stockholders’ equity before treasury stock 28,771 22,292
Treasury stock, at cost, 5,254,081 shares at September 26, 2021 and March 28, 2021 (84,770) (84,770)
Total stockholders’ deficit (55,999) (62,478)
Total liabilities and stockholders’ deficit $ 116,513 $ 108,809