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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Jun. 25, 2023
Jun. 26, 2022
Mar. 26, 2023
Cash flows from operating activities:      
Net income $ 7,388 $ 7,137  
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 313 233  
Amortization of debt issuance costs 92 127  
Share-based compensation expense 177 8  
Provision for uncollectible accounts 81 81 $ 457
Deferred income taxes (46) 17  
Other non-cash items (70) (62)  
Changes in operating assets and liabilities:      
Accounts and other receivables, net (6,232) (7,558)  
Inventories (225) (367)  
Prepaid expenses and other current assets 534 133  
Other assets 7 6  
Accounts payable, accrued expenses and other current liabilities 156 1,123  
Deferred franchise fees (52) (134)  
Other liabilities 25 27  
Net cash provided by operating activities 2,148 771  
Cash flows from investing activities:      
Purchase of property and equipment (73) (244)  
Net cash used in investing activities (73) (244)  
Cash flows from financing activities:      
Dividends paid to stockholders 0 (1,852)  
Repurchase of treasury stock 0 (1,070)  
Net cash used in financing activities 0 (2,922)  
Net increase (decrease) in cash 2,075 (2,395)  
Cash, beginning of period 29,861 50,063 50,063
Cash, end of period 31,936 47,668 $ 29,861
Cash paid during the period for:      
Interest 2,650 3,644  
Income taxes paid $ 81 $ 146  
Noncash financing activity:      
Dividends declared per share (in dollars per share) $ 0.50 $ 0.45