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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Sep. 24, 2023
Sep. 25, 2022
Sep. 24, 2023
Sep. 25, 2022
Mar. 26, 2023
Cash flows from operating activities:          
Net income $ 5,711 $ 5,958 $ 13,099 $ 13,095  
Adjustments to reconcile net income to net cash provided by operating activities          
Depreciation and amortization 315 301 628 534  
Gain on disposal of property and equipment     0 (14)  
Amortization of debt issuance costs     184 254  
Share-based compensation expense     359 16  
Provision for uncollectible accounts     55 80 $ 457
Deferred income taxes     (27) 15  
Other non-cash items     (122) (123)  
Changes in operating assets and liabilities:          
Accounts and other receivables, net     (1,003) (2,877)  
Inventories     (382) (201)  
Prepaid expenses and other current assets     1,049 573  
Other assets     14 13  
Accounts payable, accrued expenses and other current liabilities     (2,342) (1,384)  
Deferred franchise fees     (192) (259)  
Other liabilities     46 50  
Net cash provided by operating activities     11,366 9,772  
Cash flows from investing activities:          
Insurance proceeds for property and equipment     0 42  
Purchase of property and equipment     (169) (440)  
Net cash used in investing activities     (169) (398)  
Cash flows from financing activities:          
Dividends paid to stockholders     (4,080) (3,688)  
Repurchase of treasury stock     0 (1,892)  
Net cash used in financing activities     (4,080) (5,580)  
Net increase (decrease) in cash     7,117 3,794  
Cash, beginning of period     29,861 50,063 50,063
Cash, end of period $ 36,978 $ 53,857 36,978 53,857 $ 29,861
Cash paid during the period for:          
Interest     2,650 3,644  
Income taxes paid     $ 4,265 $ 3,576  
Non-cash financing activity:          
Dividends declared per share (in dollars per share) $ 0.50 $ 0.45 $ 1.00 $ 0.90