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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Dec. 24, 2023
Mar. 26, 2023
CURRENT ASSETS    
Cash and cash equivalents $ 16,732 $ 29,861
Accounts and other receivables, net (Note G) 13,592 15,066
Inventories 554 539
Prepaid expenses and other current assets (Note H) 1,587 1,895
Total current assets 32,465 47,361
Property and equipment, net of accumulated depreciation of $11,637 and $10,871, respectively 2,798 3,321
Operating lease assets (Note Q) 6,393 6,421
Goodwill 95 95
Intangible asset, net (Note I) 739 869
Deferred income taxes 268 375
Other assets 148 168
Total assets 42,906 58,610
CURRENT LIABILITIES    
Accounts payable 4,681 6,461
Accrued expenses and other current liabilities (Note K) 4,516 8,130
Current portion of operating lease liabilities (Note Q) 1,880 1,782
Deferred franchise fees 338 336
Total current liabilities 11,415 16,709
Long-term debt, net of unamortized debt issuance costs of $507 and $952, respectively (Note P) 59,493 79,048
Operating lease liabilities (Note Q) 5,169 5,406
Other liabilities 794 737
Deferred franchise fees 1,014 1,272
Total liabilities 77,885 103,172
Commitments and Contingencies  
STOCKHOLDERS’ DEFICIT    
Common stock, $.01 par value; 30,000,000 shares authorized; 9,374,130 and 9,369,235 shares issued; and 4,084,615 and 4,079,720 shares outstanding at December 24, 2023 and March 26, 2023, respectively 94 94
Additional paid-in capital 62,749 62,565
Accumulated deficit (11,160) (20,559)
Stockholders’ equity before treasury stock 51,683 42,100
Treasury stock, at cost, 5,289,515 shares at December 24, 2023 and March 26, 2023, respectively (86,662) (86,662)
Total stockholders’ deficit (34,979) (44,562)
Total liabilities and stockholders’ deficit $ 42,906 $ 58,610