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CONSOLIDATED CONDENSED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Jul. 01, 2023
Jul. 02, 2022
Jul. 01, 2023
Jul. 02, 2022
REVENUES:        
Total revenues $ 51,051,000 $ 53,218,000 $ 140,393,000 $ 136,789,000
COSTS AND EXPENSES:        
Payroll expenses 17,194,000 16,205,000 49,027,000 43,926,000
Other operating costs and expenses 6,274,000 5,996,000 17,557,000 15,974,000
General and administrative expenses 3,495,000 3,872,000 9,655,000 9,854,000
Depreciation and amortization 1,059,000 1,018,000 3,230,000 3,245,000
Total costs and expenses 47,414,000 47,797,000 134,530,000 128,349,000
OPERATING INCOME 3,637,000 5,421,000 5,863,000 8,440,000
OTHER (INCOME) EXPENSE:        
Interest expense 174,000 291,000 1,068,000 838,000
Interest income (16,000) (38,000) (323,000) (60,000)
Other income (26,000) (37,000) (26,000) (384,000)
Gain on forgiveness of PPP Loans 0 (1,298,000) (272,000) (2,420,000)
Total other (income) expense, net 132,000 (1,082,000) 447,000 (2,026,000)
INCOME BEFORE PROVISION FOR INCOME TAXES 3,505,000 6,503,000 5,416,000 10,466,000
Provision for income taxes 173,000 905,000 306,000 1,290,000
CONSOLIDATED NET INCOME 3,332,000 5,598,000 5,110,000 9,176,000
Net income attributable to non-controlling interests (137,000) (343,000) (674,000) (657,000)
NET INCOME ATTRIBUTABLE TO ARK RESTAURANTS CORP. $ 3,195,000 $ 5,255,000 $ 4,436,000 $ 8,519,000
NET INCOME ATTRIBUTABLE TO ARK RESTAURANTS CORP. PER COMMON SHARE:        
Basic (in dollars per share) $ 0.89 $ 1.48 $ 1.23 $ 2.40
Diluted (in dollars per share) $ 0.88 $ 1.46 $ 1.22 $ 2.37
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:        
Basic (in shares) 3,601 3,555 3,600 3,553
Diluted (in shares) 3,641 3,597 3,644 3,599
Food and beverage sales        
REVENUES:        
Total revenues $ 49,807,000 $ 52,069,000 $ 137,259,000 $ 134,127,000
COSTS AND EXPENSES:        
Cost of goods and services sold 13,241,000 14,740,000 37,472,000 39,536,000
Other revenue        
REVENUES:        
Total revenues 1,244,000 1,149,000 3,134,000 2,662,000
Occupancy expenses        
COSTS AND EXPENSES:        
Cost of goods and services sold $ 6,151,000 $ 5,966,000 $ 17,589,000 $ 15,814,000