Flanigan's Enterprises (BDL) 10-Q 16 Aug 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Jul. 02, 2016	Aug. 16, 2016
Document And Entity Information
Entity Registrant Name	FLANIGANS ENTERPRISES INC
Entity Central Index Key	12,040
Document Type	10-Q
Document Period End Date	Jul. 2, 2016
Amendment Flag	false
Current Fiscal Year End Date	--10-01
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		1,858,647
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2,016

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 02, 2016	Jun. 27, 2015	Jul. 02, 2016	Jun. 27, 2015
REVENUES:
Restaurant food sales	$ 16,764	$ 15,837	$ 49,017	$ 46,329
Restaurant bar sales	5,185	4,794	15,572	14,181
Package store sales	3,801	3,548	12,155	11,672
Franchise related revenues	369	393	1,172	1,142
Rental income	162	138	428	405
Owner's fee	38	37	113	125
Other operating income	64	49	178	156
Total	26,383	24,796	78,635	74,010
Cost of merchandise sold:
Restaurant and lounges	7,603	7,397	22,543	21,557
Package goods	2,736	2,513	8,684	8,275
Payroll and related costs	8,024	7,521	24,064	22,245
Occupancy costs	1,356	1,238	3,993	3,609
Selling, general and administrative expenses	4,253	4,180	13,611	12,698
Total	23,972	22,849	72,895	68,384
Income from Operations	2,411	1,947	5,740	5,626
OTHER INCOME (EXPENSE):
Interest expense	(137)	(150)	(421)	(462)
Interest and other income	28	39	65	72
Total other income (expense)	(109)	(111)	(356)	(390)
Income before Provision for Income Taxes	2,302	1,836	5,384	5,236
Provision for Income Taxes	(531)	(445)	(1,243)	(1,274)
Net income before income attributable to noncontrolling interests	1,771	1,391	4,141	3,962
Less: Net income attributable to noncontrolling interests	(624)	(549)	(1,496)	(1,289)
Net Income attributable to stockholders	$ 1,147	$ 842	$ 2,645	$ 2,673
Net Income Per Common Share:
Basic and Diluted	$ 0.62	$ 0.45	$ 1.42	$ 1.44
Weighted Average Shares and Equivalent Shares Outstanding
Basic and Diluted	1,858,647	1,858,647	1,858,647	1,858,647

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Jul. 02, 2016	Oct. 03, 2015
CURRENT ASSETS:
Cash and cash equivalents	$ 9,736	$ 9,267
Other receivables	526	571
Inventories	2,709	2,410
Prepaid expenses	1,397	1,094
Deferred tax asset	225	375
Total Current Assets	14,593	13,717
Property and Equipment, Net	38,541	37,578
Investment in Limited Partnership	217	225
OTHER ASSETS:
Liquor licenses	630	630
Deferred tax asset	870	903
Leasehold purchases, net	690	781
Other	680	788
Total Other Assets	2,870	3,102
Total Assets	56,221	54,622
CURRENT LIABILITIES:
Accounts payable and accrued expenses	6,755	7,292
Income taxes payable	63	143
Due to franchisees	2,548	1,893
Current portion of long term debt	1,062	1,307
Deferred rent	105	14
Total Current Liabilities	10,533	10,649
Long Term Debt, Net of Current Maturities	9,646	10,073
Deferred Rent, Net of Current Portion		101
Commitments and Contingencies
Flanigan's Enterprises, Inc. Stockholders' Equity
Common stock, $.10 par value, 5,000,000 shares authorized; 4,197,642 shares issued	420	420
Capital in excess of par value	6,240	6,240
Retained earnings	28,356	26,054
Treasury stock, at cost, 2,338,995 shares at July 2, 2016 and 2,338,995 shares at October 3, 2015	(6,077)	(6,077)
Total Flanigan's Enterprises, Inc. stockholders' equity	28,939	26,637
Noncontrolling interest	7,103	7,162
Total equity	36,042	33,799
Total liabilities and equity	$ 56,221	$ 54,622

CONDENSED CONSOLIDATED BALANCE4

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - $ / shares	Jul. 02, 2016	Oct. 03, 2015
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.10	$ 0.10
Common stock, shares authorized	5,000,000	5,000,000
Common stock, shares issued	4,197,642	4,197,642
Treasury stock, shares, at cost	2,338,995	2,338,995

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	9 Months Ended
	Jul. 02, 2016	Jun. 27, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 4,141	$ 3,962
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities:
Depreciation and amortization	1,905	1,909
Amortization of leasehold purchases	91	98
(Gain)/Loss on abandonment of property and equipment	45	16
Deferred income tax	183	89
Deferred rent	(10)	(12)
Income from unconsolidated limited partnership	(17)	(25)
(increase) decrease in
Other receivables	45	136
Prepaid income taxes		142
Inventories	(299)	166
Prepaid expenses	611	1,108
Other assets	42	187
Increase (decrease) in:
Accounts payable and accrued expenses	(537)	1,037
Income taxes payable	(80)	26
Due to franchisees	655	740
Net cash and cash equivalents provided by operating activities:	6,775	9,579
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(2,685)	(3,208)
Deposit on property and equipment	(162)
Distributions from unconsolidated limited Partnerships	25	30
Net cash and cash equivalents used in investing activities	(2,822)	(3,178)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payment of long term debt	(1,586)	(2,510)
Dividends paid	(343)	(279)
Purchase of noncontrolling limited partnership interests	(10)
Distributions to limited partnership noncontrolling partners	(1,545)	(1,723)
Net cash and cash equivalents used in financing activities:	(3,484)	(4,512)
Net Increase in Cash and Cash Equivalents	469	1,889
Beginning of Period	9,267	8,099
End of Period	9,736	9,988
Cash paid during period for:
Interest	421	462
Income taxes	1,141	1,018
Supplemental Disclosure of Non-Cash Investing and Financing Activities:
Financing of insurance contracts	914	1,201
Purchase deposits transferred to property and equipment	$ 228	$ 131

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Jul. 02, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	(1) BASIS OF PRESENTATION: The accompanying condensed consolidated financial information for the periods ended July 2, 2016 and June 27, 2015 are unaudited. Financial information as of October 3, 2015 has been derived from the audited financial statements of the Company, but does not include all disclosures required by accounting principles generally accepted in the United States of America. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of the financial information for the periods indicated have been included. For further information regarding the Company's accounting policies, refer to the Consolidated Financial Statements and related notes included in the Company's Annual Report on Form 10-K for the year ended October 3, 2015. Operating results for interim periods are not necessarily indicative of results to be expected for a full year. The condensed consolidated financial statements include the accounts of the Company, its wholly-owned subsidiaries and the accounts of the eight limited partnerships in which we act as general partner and have controlling interests. All intercompany balances and transactions have been eliminated. Non-controlling interest represents the limited partners’ proportionate share of the net assets and results of operations of the eight limited partnerships. These condensed consolidated financial statements include estimates relating to performance based officers’ bonuses. The estimates are reviewed periodically and the effects of any revisions are reflected in the financial statements in the period they are determined to be necessary. Although these estimates are based on management’s knowledge of current events and actions it may take in the future, they may ultimately differ from actual results.

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Jul. 02, 2016
Net Income Per Common Share:
EARNINGS PER SHARE	(2) EARNINGS PER SHARE: We follow Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Section 260 - “ Earnings per Share

RECENT ADOPTED AND RECENTLY ISS

RECENT ADOPTED AND RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS	9 Months Ended
	Jul. 02, 2016
Recent Adopted And Recent Issued Accounting Pronouncements
RECENT ADOPTED AND RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS	(3) RECENT ADOPTED AND RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS: Adopted There were no recently adopted accounting pronouncements during the third quarter of our fiscal year 2016 that we believe will have a material impact on our consolidated financial statements. Issued In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), which supersedes all existing guidance on accounting for leases in ASC Topic 840. ASU 2016-02 is intended to provide enhanced transparency and comparability by requiring lessees to record right-of-use assets and corresponding lease liabilities on the balance sheet. ASU 2016-02 will continue to classify leases as either finance or operating, with classification affecting the pattern of expense recognition in the statement of income. ASU 2016-02 is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted. ASU 2016-02 is required to be applied with a modified retrospective approach to each prior reporting period presented with various optional practical expedients. We are currently assessing the adoption date and the potential impact of adopting ASU 2016-02 on our financial statements and related disclosures.

INVESTMENT IN REAL PROPERTY FIN

INVESTMENT IN REAL PROPERTY FINANCED BY DEBT	9 Months Ended
	Jul. 02, 2016
INVESTMENT IN REAL PROPERTY FINANCED BY DEBT [Abstract]
INVESTMENT IN REAL PROPERTY FINANCED BY DEBT	4) INVESTMENT IN REAL PROPERTY FINANCED BY DEBT: During the first quarter of our fiscal year 2016, we purchased the real property and improvements located at 1290 East Commercial Boulevard, Oakland Park, Broward County, Florida (the “1290 Property”) and the vacant real property located at 4990 N.E. 12 th

INCOME TAXES

INCOME TAXES	9 Months Ended
	Jul. 02, 2016
Income Tax Disclosure [Abstract]
INCOME TAXES	(5) INCOME TAXES: We account for our income taxes using FASB ASC Topic 740, “ Income Taxes

DEBT

DEBT	9 Months Ended
	Jul. 02, 2016
DEBT [Abstract]
DEBT	6) DEBT: Financed Insurance Premiums During the thirty nine weeks ended July 2, 2016, we financed the following three (3) property and general liability insurance policies, totaling approximately $1.17 million, which property and general liability insurance includes coverage for our franchises of approximately $256,000 of the amount financed, which are not included in our consolidated financial statements: (i) For the policy year beginning December 30, 2015, our general liability insurance, excluding limited partnerships, is a one (1) year policy with our insurance carriers, including automobile and excess liability coverage. The one (1) year general liability insurance premiums, including automobile and excess liability coverage, total, in the aggregate $470,000, of which $377,000 is financed through an unaffiliated third party lender (the “Third Party Lender”). The finance agreement obligates us to repay the amounts financed together with interest at the rate of 2.95% per annum, over 10 months, with monthly payments of principal and interest, each in the amount of $38,000. The finance agreement is secured by a security interest in all insurance policies, all unearned premium, return premium, dividend payments and loss payments thereof. (ii) For the policy year beginning December 30, 2015, our general liability insurance for our limited partnerships is a one (1) year policy with our insurance carriers, including excess liability coverage. The one (1) year general liability insurance premiums, including excess liability coverage, total, in the aggregate $480,000, of which $385,000 is financed through the Third Party Lender. The finance agreement obligates us to repay the amounts financed, together with interest at the rate of 2.95% per annum, over 10 months, with monthly payments of principal and interest, each in the amount of $39,000. The finance agreement is secured by a security agreement in all insurance policies, all unearned premium, return premium, dividend payments and loss payments thereof. (iii) For the policy year beginning December 30, 2015, our property insurance is a one (1) year policy. The one (1) year property insurance premium is in the amount of $504,000, of which $404,000 is financed through the Third Party Lender. The finance agreement provides that we are obligated to repay the amounts financed, together with interest at the rate of 2.95% per annum, over 10 months, with monthly payments of principal and interest, each in the amount of approximately $41,000. The finance agreement is secured by a security interest in all insurance policies, all unearned premium, return premium, dividend payments and loss payments thereof. As of July 2, 2016, the aggregate principal balance owed from the financing of our property and general liability insurance policies is $458,000.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Jul. 02, 2016
COMMITMENTS AND CONTINGENCIES [Abstract]
COMMITMENTS AND CONTINGENCIES	(7) COMMITMENTS AND CONTINGENCIES: Construction Contract On March 28, 2016, we entered into a construction contract in the amount of $1,061,000 to build a new building on a parcel of real property which we own which is near the real property where our combination package liquor store and restaurant located at 13205 Biscayne Boulevard, North Miami, Florida, (Store #20) operates. Our intent is to re-locate our package liquor store to the new building and to renovate and expand the restaurant into the former package liquor store space. Litigation From time to time, we are a defendant in litigation arising in the ordinary course of our business, including claims resulting from “slip and fall” accidents, claims under federal and state laws governing access to public accommodations, employment-related claims and claims from guests alleging illness, injury or other food quality, health or operational concerns. To date, none of this litigation, some of which is covered by insurance, has had a material effect on us.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Jul. 02, 2016
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	(8) SUBSEQUENT EVENTS: Subsequent events have been evaluated through the date these condensed consolidated financial statements were issued and no events required disclosure.

BUSINESS SEGMENTS

BUSINESS SEGMENTS	9 Months Ended
	Jul. 02, 2016
Segment Reporting [Abstract]
BUSINESS SEGMENTS	(9) BUSINESS SEGMENTS: We operate principally in two reportable segments – package stores and restaurants. The operation of package stores consists of retail liquor sales and related items. Information concerning the revenues and operating income for the thirteen weeks and thirty nine weeks ended July 2, 2016 and June 27, 2015, and identifiable assets for the two reportable segments in which we operate, are shown in the following table, in thousands. Operating income is total revenue less cost of merchandise sold and operating expenses relative to each segment. Identifiable assets by segment are those assets that are used in our operations in each segment. Corporate assets are principally cash and real property, improvements, furniture, equipment and vehicles used at our corporate headquarters. We do not have any operations outside of the United States and transactions between restaurants and package liquor stores are not material. Thirteen Weeks Ending July 2, 2016 Thirteen Weeks Ending June 27, 2015 Operating Revenues: Restaurants $ 21,949 $ 20,631 Package stores 3,801 3,548 Other revenues 633 617 Total operating revenues $ 26,383 $ 24,796 Income from Operations Reconciled to Income After Income Taxes and Net Income Attributable to Noncontrolling Interests Restaurants $ 3,599 $ 2,745 Package stores 210 179 3,809 2,924 Corporate expenses, net of other revenues (1,398 ) (977 ) Income from Operations 2,411 1,947 Interest expense (137 ) (150 ) Interest and other income 28 39 Income Before Income Taxes $ 2,302 $ 1,836 Provision for Income Taxes (531 ) (445 ) Net Income 1,771 1,391 Net Income Attributable to Noncontrolling Interests (624 ) (549 ) Net Income Attributable to Flanigan’s Enterprises, Inc Stockholders $ 1,147 $ 842 Depreciation and Amortization: Restaurants $ 515 $ 491 Package stores 52 50 567 541 Corporate 185 131 Total Depreciation and Amortization $ 752 $ 672 Capital Expenditures: Restaurants $ 263 $ 494 Package stores 20 45 283 539 Corporate 224 34 Total Capital Expenditures $ 507 $ 573 Thirty Nine Weeks July 2, 2016 Thirty Nine Weeks June 27, 2015 Operating Revenues: Restaurants $ 64,589 $ 60,510 Package stores 12,155 11,672 Other revenues 1,891 1,828 Total operating revenues $ 78,635 $ 74,010 Income from Operations Reconciled to Income After Income Taxes and Net Income Attributable to Noncontrolling Interests Restaurants $ 7,858 $ 6,816 Package stores 736 868 8,594 7,684 Corporate expenses, net of other revenue (2,854 ) (2,058 ) Income from Operations 5,740 5,626 Interest expense (421 ) (462 ) Interest and other income 65 72 Income Before Income Taxes $ 5,384 $ 5,236 Provision for Income Taxes (1,243 ) (1,274 ) Net Income 4,141 3,962 Net Income Attributable to Noncontrolling Interests (1,496 ) (1,289 ) Net Income Attributable to Flanigan’s Enterprises, Inc. Stockholders $ 2,645 $ 2,673 Depreciation and Amortization: Restaurants $ 1,526 $ 1,485 Package stores 153 152 1,679 1,637 Corporate 317 370 Total Depreciation and Amortization $ 1,996 $ 2,007 Capital Expenditures: Restaurants $ 1,141 $ 2,894 Package stores 217 145 1,358 3,039 Corporate 1,555 300 Total Capital Expenditures $ 2,913 $ 3,339 July 2, October 3, 2016 2015 Identifiable Assets: Restaurants $ 28,626 $ 29,478 Package store 4,757 4,393 33,383 33,871 Corporate 22,838 20,751 Consolidated Totals $ 56,221 $ 54,622

BUSINESS SEGMENTS (Tables)

BUSINESS SEGMENTS (Tables)	9 Months Ended
	Jul. 02, 2016
Business Segments Tables
Schedule of Segment Reporting	Thirteen Weeks Ending July 2, 2016 Thirteen Weeks Ending June 27, 2015 Operating Revenues: Restaurants $ 21,949 $ 20,631 Package stores 3,801 3,548 Other revenues 633 617 Total operating revenues $ 26,383 $ 24,796 Income from Operations Reconciled to Income After Income Taxes and Net Income Attributable to Noncontrolling Interests Restaurants $ 3,599 $ 2,745 Package stores 210 179 3,809 2,924 Corporate expenses, net of other revenues (1,398 ) (977 ) Income from Operations 2,411 1,947 Interest expense (137 ) (150 ) Interest and other income 28 39 Income Before Income Taxes $ 2,302 $ 1,836 Provision for Income Taxes (531 ) (445 ) Net Income 1,771 1,391 Net Income Attributable to Noncontrolling Interests (624 ) (549 ) Net Income Attributable to Flanigan’s Enterprises, Inc Stockholders $ 1,147 $ 842 Depreciation and Amortization: Restaurants $ 515 $ 491 Package stores 52 50 567 541 Corporate 185 131 Total Depreciation and Amortization $ 752 $ 672 Capital Expenditures: Restaurants $ 263 $ 494 Package stores 20 45 283 539 Corporate 224 34 Total Capital Expenditures $ 507 $ 573 Thirty Nine Weeks July 2, 2016 Thirty Nine Weeks June 27, 2015 Operating Revenues: Restaurants $ 64,589 $ 60,510 Package stores 12,155 11,672 Other revenues 1,891 1,828 Total operating revenues $ 78,635 $ 74,010 Income from Operations Reconciled to Income After Income Taxes and Net Income Attributable to Noncontrolling Interests Restaurants $ 7,858 $ 6,816 Package stores 736 868 8,594 7,684 Corporate expenses, net of other revenue (2,854 ) (2,058 ) Income from Operations 5,740 5,626 Interest expense (421 ) (462 ) Interest and other income 65 72 Income Before Income Taxes $ 5,384 $ 5,236 Provision for Income Taxes (1,243 ) (1,274 ) Net Income 4,141 3,962 Net Income Attributable to Noncontrolling Interests (1,496 ) (1,289 ) Net Income Attributable to Flanigan’s Enterprises, Inc. Stockholders $ 2,645 $ 2,673 Depreciation and Amortization: Restaurants $ 1,526 $ 1,485 Package stores 153 152 1,679 1,637 Corporate 317 370 Total Depreciation and Amortization $ 1,996 $ 2,007 Capital Expenditures: Restaurants $ 1,141 $ 2,894 Package stores 217 145 1,358 3,039 Corporate 1,555 300 Total Capital Expenditures $ 2,913 $ 3,339 July 2, October 3, 2016 2015 Identifiable Assets: Restaurants $ 28,626 $ 29,478 Package store 4,757 4,393 33,383 33,871 Corporate 22,838 20,751 Consolidated Totals $ 56,221 $ 54,622

INVESTMENT IN REAL PROPERTY F16

INVESTMENT IN REAL PROPERTY FINANCED BY DEBT (Details)	3 Months Ended
	Jan. 02, 2016USD ($)ft²
INVESTMENT IN REAL PROPERTY FINANCED BY DEBT [Abstract]
Purchase price of property | $	$ 922,500
Area of building | ft²	6,000

DEBT (Details Narrative)

DEBT (Details Narrative) - Financed Insurance Premiums [Member]	9 Months Ended
	Jul. 02, 2016USD ($)
Short-term Debt [Line Items]
Amount of insurance premiums financed	$ 1,170,000
Principal amount outstanding	458,000
Property and General Liability Insurance, Franchise Coverage [Member]
Short-term Debt [Line Items]
Amount of insurance premiums financed	$ 256,000
General Liability Insurance Premium [Member]
Short-term Debt [Line Items]
Term of insurance premium	1 year
Amount of premium payable	$ 470,000
Amount of premium payable financed from third party lender	$ 377,000
Interest rate (per annum)	2.95%
Term of financing agreement	10 months
Monthly payment of principal and interest	$ 38,000
General Liability Insurance for Limited Partnership Premium [Member]
Short-term Debt [Line Items]
Term of insurance premium	1 year
Amount of premium payable	$ 480,000
Amount of premium payable financed from third party lender	$ 385,000
Interest rate (per annum)	2.95%
Term of financing agreement	10 months
Monthly payment of principal and interest	$ 39,000
Property Insurance Premium [Member]
Short-term Debt [Line Items]
Term of insurance premium	1 year
Amount of premium payable	$ 504,000
Amount of premium payable financed from third party lender	$ 404,000
Interest rate (per annum)	2.95%
Term of financing agreement	10 months
Monthly payment of principal and interest	$ 41,000

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details)	Mar. 28, 2016USD ($)
Commitments And Contingencies Details
Amount of construction contract	$ 1,061,000

BUSINESS SEGMENTS (Details)

BUSINESS SEGMENTS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 02, 2016	Jun. 27, 2015	Jul. 02, 2016	Jun. 27, 2015	Oct. 03, 2015
Operating Revenues:
Operating revenues	$ 26,383	$ 24,796	$ 78,635	$ 74,010
Income from Operations Reconciled to Income Before Income Taxes and Net Income Attributable to Noncontrolling Interests
Income before corporate expenses	3,809	2,924	8,594	7,684
Corporate expenses, net of other revenue	(1,398)	(977)	(2,854)	(2,058)
Income from Operations	2,411	1,947	5,740	5,626
Interest expense	(137)	(150)	(421)	(462)
Interest and other income	28	39	65	72
Income Before Income Taxes and Net Income Attributable to Noncontrolling Interests	2,302	1,836	5,384	5,236
Provision for Income Taxes	(531)	(445)	(1,243)	(1,274)
Net income before income attributable to noncontrolling interests	1,771	1,391	4,141	3,962
Net Income Attributable to Noncontrolling Interests	(624)	(549)	(1,496)	(1,289)
Net income attributable to stockholders	1,147	842	2,645	2,673
Identifiable Assets:
Assets	56,221		56,221		$ 54,622
Capital Expenditures:
Capital expenditures	507	573	2,913	3,339
Depreciation and Amortization:
Depreciation and amortization	752	672	1,996	2,007
Restaurants [Member]
Operating Revenues:
Operating revenues	21,949	20,631	64,589	60,510
Income from Operations Reconciled to Income Before Income Taxes and Net Income Attributable to Noncontrolling Interests
Income before corporate expenses	3,599	2,745	7,858	6,816
Identifiable Assets:
Assets	28,626		28,626		29,478
Capital Expenditures:
Capital expenditures	263	494	1,141	2,894
Depreciation and Amortization:
Depreciation and amortization	515	491	1,526	1,485
Package stores [Member]
Operating Revenues:
Operating revenues	3,801	3,548	12,155	11,672
Income from Operations Reconciled to Income Before Income Taxes and Net Income Attributable to Noncontrolling Interests
Income before corporate expenses	210	179	736	868
Identifiable Assets:
Assets	4,757		4,757		4,393
Capital Expenditures:
Capital expenditures	20	45	217	145
Depreciation and Amortization:
Depreciation and amortization	52	50	153	152
Other [Member]
Operating Revenues:
Operating revenues	633	617	1,891	1,828
Total segments [Member]
Identifiable Assets:
Assets	33,383		33,383		33,871
Capital Expenditures:
Capital expenditures	283	539	1,358	3,039
Depreciation and Amortization:
Depreciation and amortization	567	541	1,679	1,637
Corporate [Member]
Identifiable Assets:
Assets	22,838		22,838		$ 20,751
Capital Expenditures:
Capital expenditures	224	34	1,555	300
Depreciation and Amortization:
Depreciation and amortization	$ 185	$ 131	$ 317	$ 370