ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Jun. 28, 2020

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Notes Receivable

The expected principal collections on notes receivable for the next three years were as follows as of June 28, 2020 (in thousands):

	Notes Receivable
2021	$	546
2022		449
2023		–
	$	995

Impact of Adoption of New Standards Update Related to Operating Lease

The impact of adoption of this new standards update was as follows (in thousands):

	Adoption		July 1, 2019 Reclassification (1)		Total Adjustment
Balance Sheet:
Operating lease right of use assets	$	3,428	$	434	$	3,862
Operating lease liabilities, current		528				528
Operating lease liabilities, net of current portion		3,347				3,347

(1) As of June 30, 2019, the Company had $132 thousand recorded within deferred rent for lease incentives incurred at the inception of the affected leases and $302 thousand in deferred rent tenant improvements. Upon adoption of the new standards update, these lease incentives were included within the operating lease liability.

Total Revenues

Total revenues consist of the following (in thousands):

	Fiscal Year Ended
	June 28, 2020		June 30, 2019
Restaurant sales	$	240	$	889
Franchise royalties		3,697		4,814
Supplier and distributor incentive revenues		3,906		4,519
Franchise license fees		853		1,031
Area development fees and foreign master license fees		20		41
Advertising funds		799		684
Supplier convention funds		278		294
Rental income		195		—
Interest income and other		40		47
	$	10,028	$	12,319