XML 14 R4.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Jul. 03, 2021
Jun. 27, 2020
Jul. 03, 2021
Jun. 27, 2020
REVENUES:        
Total revenues $ 42,965,000 $ 7,199,000 $ 89,031,000 $ 84,716,000
COSTS AND EXPENSES:        
Payroll expenses 12,304,000 3,701,000 29,345,000 31,925,000
Other operating costs and expenses 4,737,000 852,000 11,077,000 11,834,000
General and administrative expenses 2,802,000 2,437,000 7,625,000 7,888,000
Loss on termination of lease 0 0 0 364,000
Depreciation and amortization 1,082,000 981,000 3,045,000 3,188,000
Total costs and expenses 37,852,000 12,822,000 88,722,000 89,839,000
OPERATING INCOME (LOSS) 5,113,000 (5,623,000) 309,000 (5,123,000)
OTHER (INCOME) EXPENSE:        
Interest expense 309,000 283,000 940,000 1,045,000
Interest income (14,000) (29,000) (41,000) (103,000)
Gain on forgiveness of PPP Loans (3,195,000) 0 (7,318,000) 0
Total other (income) expense, net (2,900,000) 254,000 (6,419,000) 942,000
INCOME (LOSS) BEFORE PROVISION (BENEFIT) FOR INCOME TAXES 8,013,000 (5,877,000) 6,728,000 (6,065,000)
Provision (benefit) for income taxes 4,684,000 (3,118,000) (155,000) (3,213,000)
CONSOLIDATED NET INCOME (LOSS) 3,329,000 (2,759,000) 6,883,000 (2,852,000)
Net (income) loss attributable to non-controlling interests (659,000) 233,000 (816,000) 61,000
NET INCOME (LOSS) ATTRIBUTABLE TO ARK RESTAURANTS CORP. $ 2,670,000 $ (2,526,000) $ 6,067,000 $ (2,791,000)
NET INCOME (LOSS) PER ARK RESTAURANTS CORP. COMMON SHARE:        
Basic (in dollars per share) $ 0.76 $ (0.72) $ 1.73 $ (0.80)
Diluted (in dollars per share) $ 0.73 $ (0.72) $ 1.68 $ (0.80)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:        
Basic (in shares) 3,522 3,502 3,512 3,500
Diluted (in shares) 3,648 3,502 3,602 3,500
Food and Beverage        
REVENUES:        
Total revenues $ 42,137,000 $ 6,907,000 $ 87,207,000 $ 82,850,000
COSTS AND EXPENSES:        
Cost of goods and services sold 12,676,000 1,847,000 26,382,000 22,366,000
Other Revenue        
REVENUES:        
Total revenues 828,000 292,000 1,824,000 1,866,000
Occupancy        
COSTS AND EXPENSES:        
Cost of goods and services sold $ 4,251,000 $ 3,004,000 $ 11,248,000 $ 12,274,000