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CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Mar. 30, 2024
Apr. 01, 2023
Mar. 30, 2024
Apr. 01, 2023
REVENUES:        
Total revenues $ 42,257 $ 41,897 $ 89,743 $ 89,342
COSTS AND EXPENSES:        
Payroll expenses 15,512 15,311 32,488 31,833
Other operating costs and expenses 5,836 5,352 11,928 11,283
General and administrative expenses 3,141 3,023 6,461 6,159
Depreciation and amortization 1,057 1,138 2,149 2,171
Total costs and expenses 43,459 41,874 89,342 87,115
OPERATING INCOME (LOSS) (1,202) 23 401 2,227
OTHER (INCOME) EXPENSE:        
Interest expense 161 465 332 894
Interest income (11) (217) (22) (306)
Other income 0 0 (26) 0
Gain on forgiveness of PPP Loans 0 0 (285) (272)
Total other (income) expense, net 150 248 (1) 316
INCOME (LOSS) BEFORE PROVISION (BENEFIT) FOR INCOME TAXES (1,352) (225) 402 1,911
Provision (benefit) for income taxes (147) 19 11 133
CONSOLIDATED NET INCOME (LOSS) (1,205) (244) 391 1,778
Net income attributable to non-controlling interests (244) (240) (470) (537)
NET INCOME (LOSS) ATTRIBUTABLE TO ARK RESTAURANTS CORP. $ (1,449) $ (484) $ (79) $ 1,241
NET INCOME (LOSS) ATTRIBUTABLE TO ARK RESTAURANTS CORP. PER COMMON SHARE:        
Basic (in dollars per share) $ (0.40) $ (0.13) $ (0.02) $ 0.34
Diluted (in dollars per share) $ (0.40) $ (0.13) $ (0.02) $ 0.34
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:        
Basic (in shares) 3,604 3,600 3,604 3,600
Diluted (in shares) 3,604 3,600 3,604 3,646
Food and beverage sales        
REVENUES:        
Total revenues $ 41,188 $ 40,913 $ 87,818 $ 87,452
COSTS AND EXPENSES:        
Cost of goods and services sold 12,138 11,795 24,209 24,231
Other revenue        
REVENUES:        
Total revenues 1,069 984 1,925 1,890
Occupancy expenses        
COSTS AND EXPENSES:        
Cost of goods and services sold $ 5,775 $ 5,255 $ 12,107 $ 11,438