XML 20 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Sep. 30, 2017
Oct. 01, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Consolidated net income $ 4,757,000 $ 5,490,000
Adjustments to reconcile consolidated net income to net cash provided by operating activities:    
Loss on closure of restaurants 120,000 16,000
Gain on sale of Ark Jupiter RI, LLC (1,637,000)  
Loss on disposal of assets 283,000  
Deferred income taxes 1,550,000 1,134,000
Stock-based compensation 0 286,000
Accrued interest on note receivable from NMR (56,000)  
Depreciation and amortization 4,132,000 4,553,000
Amortization of deferred financing costs 46,000 43,000
Operating lease deferred credit 72,000 (220,000)
Changes in operating assets and liabilities:    
Accounts receivable 397,000 (529,000)
Inventories 193,000 131,000
Prepaid, refundable and accrued income taxes (1,373,000) (1,886,000)
Prepaid expenses and other current assets 546,000 (191,000)
Other assets (175,000) (865,000)
Accounts payable - trade 1,874,000 (331,000)
Accrued expenses and other current liabilities (379,000) (18,000)
Net cash provided by operating activities 10,350,000 7,613,000
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of fixed assets (13,904,000) (2,160,000)
Loans and advances made to employees (121,000) (198,000)
Payments received on employee receivables 175,000 230,000
Proceeds from the sale of Ark Jupiter RI, LLC 2,474,000  
Additional investment in Meadowlands Newmark LLC (222,000)  
Loan made to Meadowlands Newmark LLC   (200,000)
Net cash used in investing activities (14,641,000) (3,045,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal payments on notes payable (3,951,000) (2,533,000)
Borrowings under credit facility 6,198,000  
Payment of debt financing costs   (131,000)
Dividends paid (2,569,000) (3,420,000)
Proceeds from issuance of stock upon exercise of stock options 72,000 83,000
Distributions to non-controlling interests (1,292,000) (1,063,000)
Net cash used in financing activities (1,542,000) (7,064,000)
NET DECREASE IN CASH AND CASH EQUIVALENTS (5,833,000) (2,496,000)
CASH AND CASH EQUIVALENTS, Beginning of year 7,239,000 9,735,000
CASH AND CASH EQUIVALENTS, End of year 1,406,000 7,239,000
Cash paid during the period for:    
Interest 707,000 416,000
Income taxes 1,490,000 2,850,000
Non-cash financing activities:    
Change in excess tax benefits from stock-based compensation (389,000) 86,000
Accrued dividend 857,000  
Retirement of 1,356 treasury shares   13,220,000
Oyster House [Member]    
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of the restaurants and bars (3,043,000)  
Non-cash financing activities:    
Note payable in connection with the purchase of the restaurants and bars $ 8,000,000  
Shuckers Inc [Member]    
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of the restaurants and bars   (717,000)
Non-cash financing activities:    
Note payable in connection with the purchase of the restaurants and bars   $ 5,000,000