XML 37 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (USD $)
6 Months Ended
Mar. 29, 2014
Mar. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
Consolidated net income $ 1,006,000 $ 107,000
Adjustments to reconcile consolidated net income to net cash provided by operating activities:    
Loss on closure of restaurants   256,000
Deferred income taxes (3,000) (5,000)
Stock-based compensation 157,000 159,000
Depreciation and amortization 2,253,000 2,097,000
Operating lease deferred credit (191,000) (180,000)
Changes in operating assets and liabilities:    
Accounts receivable 24,000 1,290,000
Inventories (46,000) 16,000
Prepaid and refundable taxes (97,000) (238,000)
Prepaid expenses and other current assets (335,000) 130,000
Other assets (209,000) (38,000)
Accounts payable - trade 266,000 (578,000)
Accrued expenses and other liabilities 620,000 748,000
Net cash provided by operating activities 3,445,000 3,764,000
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of fixed assets (1,476,000) (1,125,000)
Loans and advances made to employees (168,000) (44,000)
Payments received on employee receivables 79,000 62,000
Payments received on note receivable 277,000  
Proceeds from sales of investment securities   75,000
Net cash used in investing activities (3,462,000) (8,197,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of note payable   3,000,000
Principal payments on notes payable (1,000,000) (437,000)
Dividends paid (1,630,000) (1,622,000)
Proceeds from issuance of stock upon exercise of stock options 192,000  
Excess tax benefits related to stock-based compensation 34,000  
Distributions to non-controlling interests (760,000) (1,004,000)
Net cash used in financing activities (3,164,000) (63,000)
NET DECREASE IN CASH AND CASH EQUIVALENTS (3,181,000) (4,496,000)
CASH AND CASH EQUIVALENTS, Beginning of period 8,748,000 8,705,000
CASH AND CASH EQUIVALENTS, End of period 5,567,000 4,209,000
Cash paid during the period for:    
Interest 59,000 9,000
Income taxes 547,000 299,000
Non-cash investing activity:    
Tax benefit of purchase of member interests in subsidiary   1,020,000
Non-cash financing activity:    
Note payable in connection with purchase of The Rustic Inn 6,000,000  
Accrued dividend 816,000  
Subsidiary [Member]
   
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of member interests in subsidiary   (2,965,000)
New Meadowlands Racetrack LLC [Member]
   
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of member interest in New Meadowlands Racetrack LLC (464,000) (4,200,000)
The Rustic Inn [Member]
   
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of The Rustic Inn $ (1,710,000)