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Business Combinations (Tables)
12 Months Ended
Sep. 30, 2015
Business Combinations [Abstract]  
Schedule of Fair Value Estimate of Assets Acquired and Liabilities Assumed

 

Allocated Fair Value

Cash

 

   $    1,376 

 

Receivables

 

             124 

 

Prepaid expenses and other

 

               49 

 

Inventories

 

             133 

 

Deposits

 

               52 

 

Property and equipment

 

          3,672 

 

Trademarks (1)

 

          3,900 

 

Franchise agreements (1)

 

             116 

 

Non-compete agreements (1)

   

               15 

 

Goodwill (2)

  

       14,970 

 

          Total assets purchased

 

       24,407 

 

Accounts payable and other accrued liabilities

 

           (750)

 

Unfavorable lease liability

 

           (481)

 

Non-controlling interests

 

        (1,276)

 

          Total liabilities assumed

 

        (2,507)

 

Investment in BDFD balance

 

           (498)

 

Total purchase price

 

   $  21,402 

 

 

 

 

 

Cash

 

   $  18,988 

 

Notes payable

 

          2,414 

 

Total purchase price

 

   $  21,402 

  

Schedule of Intangible Assets Acquired

 

Estimated
Fair Value

Weighted Average
Estimated Useful Life (yrs)

Trademarks and trade names

   $      3,900

Indefinite

Franchise Agreements

               116

39

Non-Compete Agreements

                 15

3

Goodwill, including assembled workforce

         14,970

Indefinite

Pro-Forma Revenue and Net Income
$

 

Fiscal Year Ended

 

September 30,(1)

 


2015


2014

Revenues

$

54,416

$

42,744

Net income

$

619

($147)

Net income (loss) attributable to Good Times Restaurants, Inc.

$

159

($636)

Net income (loss)attributable to common shareholders

$

159

($695)

Basic and diluted income (loss) per share

$

.01

($.07)