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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 25, 2023
Mar. 26, 2023
CURRENT ASSETS    
Cash $ 31,936 $ 29,861
Accounts and other receivables, net (Note G) 20,965 15,066
Inventories 764 539
Prepaid expenses and other current assets (Note H) 1,361 1,895
Total current assets 55,026 47,361
Property and equipment, net of accumulated depreciation of $11,140 and $10,871, respectively 3,124 3,321
Operating lease assets (Note Q) 6,104 6,421
Goodwill 95 95
Intangible asset, net (Note I) 826 869
Deferred income taxes 486 375
Other assets 161 168
Total assets 65,822 58,610
CURRENT LIABILITIES    
Accounts payable 7,811 6,461
Accrued expenses and other current liabilities (Note K) 8,976 8,130
Current portion of operating lease liabilities (Note Q) 1,743 1,782
Deferred franchise fees 339 336
Total current liabilities 18,869 16,709
Long-term debt, net of unamortized debt issuance costs of $860 and $952, respectively (Note P) 79,140 79,048
Operating lease liabilities (Note Q) 5,058 5,406
Other liabilities 762 737
Deferred franchise fees 1,217 1,272
Total liabilities 105,046 103,172
STOCKHOLDERS’ DEFICIT    
Common stock, $.01 par value; 30,000,000 shares authorized; 9,369,235 shares issued; and 4,079,720 shares outstanding at June 25, 2023 and March 26, 2023. 94 94
Additional paid-in capital 62,742 62,565
Accumulated deficit (15,398) (20,559)
Stockholders’ equity before treasury stock 47,438 42,100
Treasury stock, at cost, 5,289,515 shares at June 25, 2023 and March 26, 2023 (86,662) (86,662)
Total stockholders’ deficit (39,224) (44,562)
Total liabilities and stockholders’ deficit $ 65,822 $ 58,610