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CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 30, 2019
Sep. 29, 2018
CURRENT ASSETS:    
Cash and cash equivalents (includes $72 at March 30, 2019 and $181 at September 29, 2018 related to VIEs) $ 2,839 $ 5,012
Accounts receivable (includes $332 at March 30, 2019 and $354 at September 29, 2018 related to VIEs) 3,132 3,452
Employee receivables 429 386
Inventories (includes $19 at March 30, 2019 and September 29, 2018 related to VIEs) 2,048 2,094
Prepaid and refundable income taxes (includes $243 at March 30, 2019 and $241 at September 29, 2018 related to VIEs) 176 721
Prepaid expenses and other current assets (includes $39 at March 30, 2019 and $51 at September 29, 2018 related to VIEs) 1,444 1,547
Total current assets 10,068 13,212
FIXED ASSETS - Net (includes $79 at March 30, 2019 and $0 at September 29, 2018 related to VIEs) 44,030 45,264
INTANGIBLE ASSETS - Net 326 349
GOODWILL 9,880 9,880
TRADEMARKS 2,610 3,331
DEFERRED INCOME TAXES 2,898 2,988
INVESTMENT IN AND RECEIVABLE FROM NEW MEADOWLANDS RACETRACK 7,065 7,036
OTHER ASSETS (includes $82 at March 30, 2019 and September 29, 2018 related to VIEs) 2,888 2,677
TOTAL ASSETS 79,765 84,737
CURRENT LIABILITIES:    
Accounts payable - trade (includes $150 at March 30, 2019 and $158 at September 29, 2018 related to VIEs) 4,490 5,019
Accrued expenses and other current liabilities (includes $295 at March 30, 2019 and $348 at September 29, 2018 related to VIEs) 9,840 10,702
Dividend payable 0 868
Current portion of notes payable 1,243 1,251
Total current liabilities 15,573 17,840
OPERATING LEASE DEFERRED CREDIT (includes ($25) at March 30, 2019 and ($21) at September 29, 2018 related to VIEs) 3,034 3,301
NOTES PAYABLE, LESS CURRENT PORTION, net of deferred financing costs 19,913 19,860
TOTAL LIABILITIES 38,520 41,001
COMMITMENTS AND CONTINGENCIES
EQUITY:    
Common stock, par value $.01 per share - authorized, 10,000 shares; issued and outstanding, 3,477 shares at March 30, 2019 and 3,470 shares at September 29, 2018 35 35
Additional paid-in capital 13,015 12,897
Retained earnings 26,895 29,364
Total Ark Restaurants Corp. shareholders’ equity 39,945 42,296
NON-CONTROLLING INTERESTS 1,300 1,440
TOTAL EQUITY 41,245 43,736
TOTAL LIABILITIES AND EQUITY $ 79,765 $ 84,737