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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 24, 2023
Mar. 26, 2023
CURRENT ASSETS    
Cash and cash equivalents $ 36,978 $ 29,861
Accounts and other receivables, net (Note G) 15,762 15,066
Inventories 921 539
Prepaid expenses and other current assets (Note H) 846 1,895
Total current assets 54,507 47,361
Property and equipment, net of accumulated depreciation of $11,411 and $10,871, respectively 2,949 3,321
Operating lease assets (Note Q) 6,638 6,421
Goodwill 95 95
Intangible asset, net (Note I) 782 869
Deferred income taxes 467 375
Other assets 154 168
Total assets 65,592 58,610
CURRENT LIABILITIES    
Accounts payable 5,611 6,461
Accrued expenses and other current liabilities (Note K) 6,638 8,130
Current portion of operating lease liabilities (Note Q) 1,875 1,782
Deferred franchise fees 336 336
Total current liabilities 14,460 16,709
Long-term debt, net of unamortized debt issuance costs of $768 and $952, respectively (Note P) 79,232 79,048
Operating lease liabilities (Note Q) 5,408 5,406
Other liabilities 783 737
Deferred franchise fees 1,080 1,272
Total liabilities 100,963 103,172
Commitments and Contingencies  
STOCKHOLDERS’ DEFICIT    
Common stock, $.01 par value; 30,000,000 shares authorized; 9,369,235 shares issued; and 4,079,720 shares outstanding at September 24, 2023 and March 26, 2023 94 94
Additional paid-in capital 62,924 62,565
Accumulated deficit (11,727) (20,559)
Stockholders’ equity before treasury stock 51,291 42,100
Treasury stock, at cost, 5,289,515 shares at September 24, 2023 and March 26, 2023 (86,662) (86,662)
Total stockholders’ deficit (35,371) (44,562)
Total liabilities and stockholders’ deficit $ 65,592 $ 58,610