XML 12 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Jul. 01, 2017
Oct. 01, 2016
CURRENT ASSETS:    
Cash and cash equivalents (includes $397 at July 1, 2017 and $889 at October 1, 2016 related to VIEs) $ 320 $ 7,239
Accounts receivable (includes $515 at July 1, 2017 and $429 at October 1, 2016 related to VIEs) 3,558 3,750
Employee receivables 388 453
Inventories (includes $22 at July 1, 2017 and $23 at October 1, 2016 related to VIEs) 2,111 1,892
Prepaid expenses and other current assets (includes $258 at July 1, 2017 and $228 at October 1, 2016 related to VIEs) 2,412 2,662
Total current assets 8,789 15,996
FIXED ASSETS - Net (includes $9 at July 1, 2017 and $22 at October 1, 2016 related to VIEs) 44,107 29,546
INTANGIBLE ASSETS - Net 418 526
GOODWILL 9,880 7,895
TRADEMARKS 3,331 1,611
DEFERRED INCOME TAXES 2,949 3,416
OTHER ASSETS (includes $71 at July 1, 2017 and October 1, 2016 related to VIEs) 2,339 2,564
TOTAL ASSETS 78,779 68,255
CURRENT LIABILITIES:    
Accounts payable - trade (includes $88 at July 1, 2017 and $114 at October 1, 2016 related to VIEs) 4,536 2,876
Accrued expenses and other current liabilities (includes $212 at July 1, 2017 and $238 at October 1, 2016 related to VIEs) 9,857 10,555
Accrued income taxes 1,699 606
Borrowings under credit facility 3,887  
Current portion of notes payable 4,040 2,617
Total current liabilities 24,019 16,654
OPERATING LEASE DEFERRED CREDIT (includes $56 at July 1, 2017 and $73 at October 1, 2016 related to VIEs) 3,607 3,576
NOTES PAYABLE, LESS CURRENT PORTION, net of deferred financing costs 9,011 5,321
TOTAL LIABILITIES 36,637 25,551
COMMITMENTS AND CONTINGENCIES
EQUITY:    
Common stock, par value $.01 per share - authorized, 10,000 shares; issued and outstanding, 3,426 shares at July 1, 2017 and 3,423 shares at October 1, 2016 34 34
Additional paid-in capital 12,588 12,942
Retained earnings 27,316 27,158
Total Ark Restaurants Corp. shareholders’ equity 39,938 40,134
NON-CONTROLLING INTERESTS 2,204 2,570
TOTAL EQUITY 42,142 42,704
TOTAL LIABILITIES AND EQUITY 78,779 68,255
New Meadowlands Racetrack LLC [Member]    
CURRENT ASSETS:    
INVESTMENT IN AND RECEIVABLE FROM NEW MEADOWLANDS RACETRACK $ 6,966 $ 6,701