Note D - Accounts and Other Receivables, Net

12 Months Ended

Mar. 26, 2023

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 26,		March 27,
	2023		2022
Branded product sales	$	11,106	$	9,318
Franchise and license royalties		3,817		3,923
Other		623		391
		15,546		13,632
Less: allowance for doubtful accounts		480		258
Accounts and other receivables, net	$	15,066	$	13,374

Accounts receivable are due within 30 days and are stated at amounts due from franchisees, including virtual kitchens, 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 26, 2023 and March 27, 2022 are as follows:

	March 26, 2023			March 27, 2022
Beginning balance	$	258		$	345
Bad debt expense		457			186
Write offs and other		(235	)		(273	)
Ending balance	$	480		$	258