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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Mar. 26, 2023
CURRENT ASSETS    
Cash $ 21,027 $ 29,861
Accounts and other receivables, net (Note D) 14,731 15,066
Inventories 842 539
Prepaid expenses and other current assets (Note E) 2,176 1,895
Total current assets 38,776 47,361
Property and equipment, net of accumulated depreciation of $11,687 and $10,871, respectively (Note F) 2,673 3,321
Operating lease assets (Note K) 6,203 6,421
Goodwill 95 95
Intangible asset, net 695 869
Deferred income taxes, net (Note H) 275 375
Other assets 141 168
Total assets 48,858 58,610
CURRENT LIABILITIES    
Accounts payable 5,744 6,461
Accrued expenses and other current liabilities (Note G) 7,615 8,130
Current portion of operating lease liabilities (Note K) 1,887 1,782
Deferred franchise fees 327 336
Total current liabilities 15,573 16,709
Long-term debt, net of unamortized debt issuance costs of $438 and $952, respectively (Note J) 59,562 79,048
Operating lease liabilities (Note K) 4,937 5,406
Other liabilities 810 737
Deferred franchise fees 899 1,272
Total liabilities 81,781 103,172
COMMITMENTS AND CONTINGENCIES (Note M)  
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 March 31, 2024 and March 26, 2023, respectively 94 94
Additional paid-in capital 62,936 62,565
Accumulated deficit (9,291) (20,559)
Stockholders’ equity before treasury stock 53,739 42,100
Treasury stock, at cost, 5,289,515 shares at March 31, 2024 and March 26, 2023 (86,662) (86,662)
Total stockholders’ deficit (32,923) (44,562)
Total liabilities and stockholders’ deficit $ 48,858 $ 58,610