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CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Apr. 02, 2016
Oct. 03, 2015
CURRENT ASSETS:    
Cash and cash equivalents (includes $324 at April 2, 2016 and $604 at October 3, 2015 related to VIEs) $ 5,924 $ 9,735
Accounts receivable (includes $388 at April 2, 2016 and $303 at October 3, 2015 related to VIEs) 3,257 3,221
Employee receivables 478 485
Inventories (includes $24 at April 2, 2016 and October 3, 2015 related to VIEs) 1,904 1,956
Prepaid expenses and other current assets (includes $211 at April 2, 2016 and $216 at October 3, 2015 related to VIEs) 2,628 2,365
Total current assets 14,191 17,762
FIXED ASSETS - Net (includes $30 at April 2, 2016 and $40 at October 3, 2015 related to VIEs) 30,165 27,804
INTANGIBLE ASSETS - Net 575 499
GOODWILL 7,895 6,813
TRADEMARKS 1,611 1,221
DEFERRED INCOME TAXES 4,451 4,453
INVESTMENT IN AND RECEIVABLE FROM NEW MEADOWLANDS RACETRACK 6,477 6,453
OTHER ASSETS (includes $71 at April 2, 2016 and October 3, 2015 related to VIEs) 1,578 1,562
TOTAL ASSETS 66,943 66,567
CURRENT LIABILITIES:    
Accounts payable - trade (includes $59 at April 2, 2016 and $81 at October 3, 2015 related to VIEs) 2,581 3,207
Accrued expenses and other current liabilities (includes $231 at April 2, 2016 and $131 at October 3, 2015 related to VIEs) 11,242 10,332
Accrued income taxes 1,071 2,477
Current portion of notes payable 2,571 1,617
Total current liabilities 17,465 17,633
OPERATING LEASE DEFERRED CREDIT (includes $77 at April 2, 2016 and $81 at October 3, 2015 related to VIEs) 3,631 3,796
NOTES PAYABLE, LESS CURRENT PORTION 6,617 3,907
TOTAL LIABILITIES $ 27,713 $ 25,336
COMMITMENTS AND CONTINGENCIES
EQUITY:    
Common stock, par value $.01 per share - authorized, 10,000 shares; issued, 3,418 and 4,774 shares at April 2, 2016 and October 3, 2015; outstanding, 3,418 shares at April 2, 2016 and October 3, 2015 $ 34 $ 48
Additional paid-in capital 12,684 25,682
Retained earnings 24,514 26,548
37,232 52,278
Less treasury stock, at cost, of 1,356 shares at October 3, 2015   (13,220)
Total Ark Restaurants Corp. shareholders’ equity 37,232 39,058
NON-CONTROLLING INTERESTS 1,998 2,173
TOTAL EQUITY 39,230 41,231
TOTAL LIABILITIES AND EQUITY $ 66,943 $ 66,567