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CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 29, 2019
Sep. 29, 2018
CURRENT ASSETS:    
Cash and cash equivalents (includes $118 at June 29, 2019 and $181 at September 29, 2018 related to VIEs) $ 5,576 $ 5,012
Accounts receivable (includes $320 at June 29, 2019 and $354 at September 29, 2018 related to VIEs) 3,700 3,452
Employee receivables 448 386
Inventories (includes $19 at June 29, 2019 and September 29, 2018 related to VIEs) 2,250 2,094
Prepaid and refundable income taxes (includes $241 at September 29, 2018 related to VIEs) 0 721
Prepaid expenses and other current assets (includes $49 at June 29, 2019 and $51 at September 29, 2018 related to VIEs) 1,561 1,547
Total current assets 13,535 13,212
FIXED ASSETS - Net (includes $234 at June 29, 2019 and $0 at September 29, 2018 related to VIEs) 44,086 45,264
INTANGIBLE ASSETS - Net 314 349
GOODWILL 15,570 9,880
TRADEMARKS 3,720 3,331
DEFERRED INCOME TAXES 2,866 2,988
INVESTMENT IN AND RECEIVABLE FROM NEW MEADOWLANDS RACETRACK 7,084 7,036
OTHER ASSETS (includes $82 at June 29, 2019 and September 29, 2018 related to VIEs) 2,642 2,677
TOTAL ASSETS 89,817 84,737
CURRENT LIABILITIES:    
Accounts payable - trade (includes $94 at June 29, 2019 and $158 at September 29, 2018 related to VIEs) 3,398 5,019
Accrued expenses and other current liabilities (includes $163 at June 29, 2019 and $348 at September 29, 2018 related to VIEs) 10,849 10,702
Dividend payable 875 868
Current portion of notes payable 2,701 1,251
Total current liabilities 17,823 17,840
OPERATING LEASE DEFERRED CREDIT (includes ($28) at June 29, 2019 and ($21) at September 29, 2018 related to VIEs) 2,951 3,301
NOTES PAYABLE, LESS CURRENT PORTION, net of deferred financing costs 24,451 19,860
TOTAL LIABILITIES 45,225 41,001
COMMITMENTS AND CONTINGENCIES
EQUITY:    
Common stock, par value $.01 per share - authorized, 10,000 shares; issued and outstanding, 3,499 shares at June 29, 2019 and 3,470 shares at September 29, 2018 35 35
Additional paid-in capital 13,254 12,897
Retained earnings 29,982 29,364
Total Ark Restaurants Corp. shareholders’ equity 43,271 42,296
NON-CONTROLLING INTERESTS 1,321 1,440
TOTAL EQUITY 44,592 43,736
TOTAL LIABILITIES AND EQUITY $ 89,817 $ 84,737