XML 16 R6.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Sep. 25, 2022
Sep. 26, 2021
Sep. 25, 2022
Sep. 26, 2021
Mar. 27, 2022
Cash flows from operating activities:          
Net income $ 5,958 $ 3,545 $ 13,095 $ 9,308  
Adjustments to reconcile net income to net cash provided by operating activities          
Depreciation and amortization 301 270 534 548  
Gain on disposal of property and equipment     (14) 0  
Amortization of debt issuance costs     254 346  
Share-based compensation expense     16 58  
Provision for doubtful accounts     80 27 $ 186
Deferred income taxes     15 (16)  
Other non-cash items     (123) 208  
Changes in operating assets and liabilities:          
Accounts and other receivables, net     (2,877) (3,192)  
Inventories     (201) (324)  
Prepaid expenses and other current assets     573 713  
Other assets     13 10  
Accounts payable, accrued expenses and other current liabilities     (1,384) 830  
Deferred franchise fees     (259) 346  
Other liabilities     50 60  
Net cash provided by operating activities     9,772 8,922  
Cash flows from investing activities:          
Insurance proceeds for property and equipment     42 0  
Purchase of property and equipment     (440) (343)  
Net cash used in investing activities     (398) (343)  
Cash flows from financing activities:          
Dividends paid to stockholders     (3,688) (2,880)  
Payments of withholding tax on net share settlement of share-based compensation plans     0 (7)  
Repurchase of treasury stock     (1,892) 0  
Net cash used in financing activities     (5,580) (2,887)  
Net increase in cash and cash equivalents     3,794 5,692  
Cash and cash equivalents, beginning of period     50,063 81,064 81,064
Cash and cash equivalents, end of period $ 53,857 $ 86,756 53,857 86,756 $ 50,063
Cash paid during the period for:          
Interest     3,644 4,969  
Income taxes     $ 3,576 $ 2,673  
Non-cash financing activity:          
Dividends declared per share (in dollars per share) $ 0.45 $ 0.35 $ 90 $ 70