XML 30 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED CONDENSED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Jun. 28, 2014
Sep. 28, 2013
CURRENT ASSETS:    
Cash and cash equivalents (includes $607 at June 28, 2014 and $637 at September 28, 2013 related to VIEs) $ 6,738 $ 8,748
Accounts receivable (includes $326 at June 28, 2014 and $317 at September 28, 2013 related to VIEs) 1,982 2,712
Employee receivables 442 346
Inventories (includes $19 at June 28, 2014 and $16 at September 28, 2013 related to VIEs) 1,871 1,579
Prepaid expenses and other current assets (includes $175 at June 28, 2014 and $176 at September 28, 2013 related to VIEs) 1,701 1,605
Current portion of note receivable 102 226
Total current assets 12,836 15,216
FIXED ASSETS - Net (includes $65 at June 28, 2014 and $89 at September 28, 2013 related to VIEs) 29,347 25,017
NOTE RECEIVABLE, LESS CURRENT PORTION 292 774
INTANGIBLE ASSETS - Net 9 13
GOODWILL 6,813 4,813
TRADEMARKS 1,221 721
DEFERRED INCOME TAXES 4,957 4,806
OTHER ASSETS (includes $71 at June 28, 2014 and September 28, 2013 related to VIEs) 7,367 5,098
TOTAL ASSETS 62,842 56,458
CURRENT LIABILITIES:    
Accounts payable - trade (includes $52 at June 28, 2014 and $70 at September 28, 2013 related to VIEs) 2,769 2,758
Accrued expenses and other current liabilities (includes $139 at June 28, 2014 and $140 at September 28, 2013 related VIEs) 9,680 9,275
Accrued income taxes 249  
Dividend payable 829 814
Current portion of notes payable 2,059 2,063
Total current liabilities 15,586 14,910
OPERATING LEASE DEFERRED CREDIT (includes $69 at June 28, 2014 related to VIEs) 4,318 4,606
NOTES PAYABLE, LESS CURRENT PORTION 5,793 1,594
TOTAL LIABILITIES 25,697 21,110
COMMITMENTS AND CONTINGENCIES      
EQUITY:    
Common stock, par value $.01 per share - authorized, 10,000 shares; issued, 4,720 shares at June 28, 2014 and 4,610 shares at September 28, 2013; outstanding, 3,364 shares at June 28, 2014 and 3,254 shares at September 28, 2013 47 46
Additional paid-in capital 24,712 22,978
Retained earnings 23,117 22,950
47,876 45,974
Less treasury stock, at cost, of 1,356 shares at June 28, 2014 and September 28, 2013 (13,220) (13,220)
Total Ark Restaurants Corp. shareholders’ equity 34,656 32,754
NON-CONTROLLING INTERESTS 2,489 2,594
TOTAL EQUITY 37,145 35,348
TOTAL LIABILITIES AND EQUITY $ 62,842 $ 56,458