Flanigan's Enterprises (BDL) 10-Q 12 Feb 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Dec. 29, 2018	Feb. 12, 2019
Document And Entity Information
Entity Registrant Name	FLANIGANS ENTERPRISES INC
Entity Central Index Key	12,040
Document Type	10-Q
Document Period End Date	Dec. 29, 2018
Amendment Flag	false
Current Fiscal Year End Date	--09-28
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		1,858,647
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2,019

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Dec. 29, 2018	Dec. 30, 2017
REVENUES:
Restaurant food sales	$ 16,828	$ 17,272
Restaurant bar sales	5,323	5,484
Package store sales	5,135	5,013
Franchise related revenues	367	380
Rental income	198	157
Owner's fee		38
Other operating income	43	49
Total	27,894	28,393
Cost of merchandise sold:
Restaurant and lounges	7,724	7,983
Package goods	3,768	3,621
Payroll and related costs	8,598	8,546
Occupancy costs	1,510	1,486
Selling, general and administrative expenses	5,639	5,170
Total	27,239	26,806
Income from Operations	655	1,587
OTHER INCOME (EXPENSE):
Interest expense	(185)	(176)
Interest and other income	13	10
Insurance recovery, net of casualty loss	602
Total other income (expense)	430	(166)
Income before Provision for Income Taxes	1,085	1,421
Provision for Income Taxes	(87)	(465)
Net Income	998	956
Less: Net income attributable to noncontrolling interests	(255)	(335)
Net Income attributable to stockholders	$ 743	$ 621
Net Income Per Common Share:
Basic and Diluted	$ 0.40	$ 0.33
Weighted Average Shares and Equivalent Shares Outstanding
Basic and Diluted	1,858,647	1,858,647

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Dec. 29, 2018	Sep. 29, 2018
CURRENT ASSETS:
Cash and cash equivalents	$ 14,500	$ 13,414
Prepaid income taxes	295	257
Other receivables	1,792	474
Inventories	3,480	3,223
Prepaid expenses	2,528	1,657
Total Current Assets	22,595	19,025
Property and Equipment, Net	41,452	42,350
Construction in progress	3,672	3,013
Total Property, Equipment and Construction in Progress	45,124	45,363
Investment in Limited Partnership	242	251
OTHER ASSETS:
Liquor licenses	630	630
Deferred tax assets	487	612
Leasehold interests, net	387	417
Other	591	967
Total Other Assets	2,095	2,626
Total Assets	70,056	67,265
CURRENT LIABILITIES:
Accounts payable and accrued expenses	10,746	9,219
Due to franchisees	2,116	2,054
Current portion of long term debt	2,812	1,963
Current portion of deferred rent	71	74
Total Current Liabilities	15,745	13,310
Long Term Debt, Net of Current Maturities	12,408	12,613
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	35,353	34,610
Treasury stock, at cost, 2,338,995 shares at December 29, 2018 and 2,338,995 shares at September 29, 2018	(6,077)	(6,077)
Total Flanigan's Enterprises, Inc. stockholders' equity	35,936	35,193
Noncontrolling interests	5,967	6,149
Total equity	41,903	41,342
Total liabilities and equity	$ 70,056	$ 67,265

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - $ / shares	Dec. 29, 2018	Sep. 29, 2018
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 STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Dec. 29, 2018	Dec. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 998	$ 956
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities:
Depreciation and amortization	690	656
Amortization of leasehold interests	30	30
Loss on abandonment of property and equipment	14	8
Casualty loss	118
Amortization of deferred loan costs	5	10
Deferred income taxes	125	267
Deferred rent	(3)	(3)
(Income) loss from unconsolidated limited partnership	(1)	(9)
Changes in operating assets and liabilities: (increase) decrease in
Other receivables	(518)	(48)
Prepaid income taxes	(38)	24
Inventories	(410)	(516)
Prepaid expenses	447	374
Other assets	66	1
Increase (decrease) in:
Accounts payable and accrued expenses	1,250	1,786
Due to franchisees	62	187
Net cash and cash equivalents provided by operating activities	2,835	3,723
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment	(750)	(394)
Purchase of construction in progress	(446)	(520)
Deposits on property and equipment	(134)	(60)
Proceeds from sale of fixed assets	10	3
Insurance recovery	400
Distributions from unconsolidated limited partnership	10	5
Net cash and cash equivalents used in investing activities	(910)	(966)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payment of long term debt	(652)	(348)
Proceeds from long term debt	250	3,500
Distributions to limited partnerships' noncontrolling interests	(437)	(372)
Net cash and cash equivalents provided by (used in) financing activities	(839)	2,780
Net Increase in Cash and Cash Equivalents	1,086	5,537
Beginning of Period	13,414	9,885
End of Period	14,500	15,422
Cash paid during period for:
Interest	185	176
Income taxes		174
Supplemental Disclosure of Non-Cash Investing and Financing Activities:
Financing of insurance contracts	1,041	1,057
Purchase deposits transferred to property and equipment	231	46
Purchase deposits transferred to CIP	213
Insurance recovery receivable	$ 800

BASIS OF PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Dec. 29, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	(1) BASIS OF PRESENTATION: The accompanying condensed consolidated financial information for the thirteen weeks ended December 29, 2018 and December 30, 2017 are unaudited. Financial information as of September 29, 2018 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 September 29, 2018. 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	3 Months Ended
	Dec. 29, 2018
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	3 Months Ended
	Dec. 29, 2018
Recent Adopted And Recent Issued Accounting Pronouncements
RECENT ADOPTED AND RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS	(3) RECENTLY ADOPTED AND RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS: Adopted In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-09, “Revenue from Contracts with Customers,” (ASU 2014-09), which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The new standard was effective for interim and annual periods in fiscal years beginning after December 15, 2017. The standard permits the use of either the retrospective or cumulative effect transition method. In August 2016, the Financial Accounting Standards Board (“FASB”) issued ASU 2016-15 “Classification of Certain Cash Receipts and Cash Payments”, which addresses how certain cash receipts and cash payments are presented and classified in the statement of cash flows under Topic 230, “Statement of Cash Flows”, and other Topics. The new standard was effective for interim and annual periods in fiscal years beginning after December 15, 2017. The adoption of this new guidance did not 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, which will require us to adopt these provisions in the first quarter of our fiscal year 2020. Early adoption is permitted. ASU 2016-02 requires a modified retrospective approach for all leases existing at, or entered into after the date of initial adoption, with an option to elect to use certain transition relief. We expect the adoption of the new guidance will have a material impact on our consolidated balance sheets due to recognition of the right-of-use asset and the lease liability related to our current operating leases. The process of evaluating the full impact of the new guidance of our consolidated financial statements and disclosures is ongoing, but we anticipate the initial evaluation of the impact will be completed by the second quarter of our fiscal year 2019.

INCOME TAXES

INCOME TAXES	3 Months Ended
	Dec. 29, 2018
Income Tax Disclosure [Abstract]
INCOME TAXES	(4) INCOME TAXES: We account for our income taxes using FASB ASC Topic 740, “ Income Taxes On December 22, 2017 the Tax Cuts and Jobs Act (“The Act”) was signed into law, reducing the corporate income tax rate to 21%. Our accounting for the impact of The Act is complete. Consequently, we recorded a decrease of approximately $268,000 to our net deferred tax asset, with a corresponding adjustment to deferred income tax expense for the thirteen weeks ended December 30, 2017.

DEBT

DEBT	3 Months Ended
	Dec. 29, 2018
DEBT [Abstract]
DEBT	(5) DEBT: (a) Mortgage on Real Property During the thirteen weeks ended December 29, 2018, we borrowed the sum of $250,000 from a related third party lender (the “$250,000 Loan”). The proceeds of the $250,000 Loan will be used for working capital. Our repayment obligations under the $250,000 Loan are secured by a first mortgage on our quadraplax located at 1420 N.E. 50th Court, Fort Lauderdale, Florida 33334. The $250,000 Loan bears interest at the fixed rate of 4.00% per annum and is amortizable over an eight (8) year period, with our current monthly payment of principal and interest totaling $3,047. The entire principal balance and all accrued but unpaid interest are due on November 1, 2026. (b) Financed Insurance Premiums During the thirteen weeks ended December 29, 2018, we financed the premiums on the following three (3) property and general liability insurance policies, totaling approximately $1.65 million, which property and general liability insurance includes coverage for our franchises which are not included in our consolidated financial statements: (i) For the policy year beginning December 30, 2018, 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 $620,000, of which $494,000 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 3.85% 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 first priority security interest in all insurance policies, all unearned premium, return premiums, dividend payments and loss payments thereof. (ii) For the policy year beginning December 30, 2018, 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 $521,000, of which $416,000 is financed through the Third Party Lender. The finance agreement obligates us to repay the amounts financed, together with interest at the rate of 3.85% per annum, over 10 months, with monthly payments of principal and interest, each in the amount of $51,000. The finance agreement is secured by a first priority security interest in all insurance policies, all unearned premium, return premiums, dividend payments and loss payments thereof. (iii) For the policy year beginning December 30, 2018, our property insurance is a one (1) year policy. The one (1) year property insurance premium is in the amount of $506,000, of which $385,000 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 3.85% per annum, over 10 months, with monthly payments of principal and interest, each in the amount of approximately $42,000. The finance agreement is secured by a first priority security interest in all insurance policies, all unearned premium, return premiums, dividend payments and loss payments thereof. As of December 29, 2018, the aggregate principal balance owed from the financing of our property and general liability insurance policies is $1,041,000.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Dec. 29, 2018
COMMITMENTS AND CONTINGENCIES [Abstract]
COMMITMENTS AND CONTINGENCIES	(6) COMMITMENTS AND CONTINGENCIES: Construction Contracts On June 14, 2017, we entered into an agreement with a third party unaffiliated general contractor to renovate our restaurant located at 13205 Biscayne Boulevard, North Miami, Florida, (Store #20) for a total contract price of $880,000. The renovations include, but are not limited to the construction of a new kitchen and the expansion of the restaurant into our former package liquor store location. During the first quarter of our fiscal year 2019, we agreed to change orders which had the effect of increasing the total contract price for the renovations to $1,140,000, of which $933,000 has been paid. During our fiscal year 2018, we entered into two agreements with a third party unaffiliated general contractor for design and development services for a total contract price of $127,000 (the “$127,000 Contract”) and $174,000 (the “$174,000 Contract”). The $127,000 Contract provides for design and development services for the construction of a new building (the “New Building”) on a parcel of real property which we own which is adjacent to the real property where our combination package liquor store and restaurant located at 2505 N. University Drive, Hollywood, Florida, (Store #19) operated until it was closed in October 2018 due to damages caused by a fire. The $174,000 Contract provides for design and development services for the renovation of the existing building which housed the combination package liquor store and restaurant until it was closed in October 2018 due to damages caused by a fire. If we complete the construction of the New Building and as a result of the fire, the rebuild of the existing building, (the “Rebuilt Building”), we plan to re-locate our package liquor store located at the property to the New Building and to operate the restaurant located at the property in the Rebuilt Building. During the first quarter of our fiscal year 2019, we agreed to change orders which had the effect of increasing the total contract price for the $127,000 Contract to $138,000, of which $113,000 has been paid and increasing the total contract price for the $174,000 Contract to $187,000, of which $110,000 has been paid. Subsequent to the end of the first quarter of our fiscal year 2019, we cancelled the $174,000 Contract due to the building being damaged by fire. The full amount to be expended for the Rebuilt Building has not yet been determined but we believe our loss caused by the fire will substantially be covered by insurance. During our fiscal year 2018, we entered into an agreement with a third party unaffiliated general contractor to renovate and add an outdoor patio area to the front of our restaurant located at 13205 Biscayne Boulevard, North Miami, Florida (Store #20) for a total contract price of $912,000. During the first quarter of our fiscal year 2019, we agreed to change orders which had the effect of decreasing the total contract price for the renovation to $880,000, of which we have paid $777,000. During the first quarter of our fiscal year 2019, we entered into an agreement with a third party unaffiliated design group for design and development services for a contract price of $356,000 (the “$356,000 Contract”), of which we paid $104,000. The $356,000 Contract provides for design and development services for the construction of two (2) new buildings on the real property which we own where our combination package liquor store and restaurant located at 4 N. Federal Highway, Hallandale Beach, Florida, (Store #31) operates. Our plan for the real property is to (i) demolish the building which currently houses our combination package liquor store and restaurant, (ii) build two new buildings, one of which will house our package liquor store and the other of which will house our restaurant; and (iii) enter into a ground lease with an existing retail tenant for a parcel of land which will not be improved by the two buildings. Subsequent to the end of the first quarter of our fiscal year 2019, we learned that our planned development of Store #31 will cause the loss of too many parking spaces, so we abandoned our development plans and terminated the $356,000 Contract. 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, dram shop claims, 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.

CASUALTY LOSS

CASUALTY LOSS	3 Months Ended
	Dec. 29, 2018
Loss Contingency [Abstract]
CASUALTY LOSS	(7) CASUALTY LOSS During the first quarter of our fiscal year 2019, our combination package liquor store and restaurant located at 2505 N. University Drive, Hollywood, Florida (Store #19) was damaged by a fire and was forced to close. Due to the damage caused by the fire, we determined that Store #19 should be demolished and rebuilt and as a result, the package liquor store and restaurant will be closed for our fiscal year 2019. We have insurance coverage of $1,975,000, in the aggregate, which our insurance carrier has agreed to pay. We sustained a loss of $1,373,000 on our building and business personal property, against which we will receive insurance proceeds of $1,200,000 resulting in a loss of $173,000. We had a gain of $775,000 on our business interruption coverage, which when netted against our loss of $173,000 on our building and business personal property produces a gain of $602,000. Prior to the end of the first quarter of our fiscal year 2019, we received an advance of $600,000 against our insurance recovery and subsequent thereto, we received the balance of our insurance recovery, which is included in other receivables in the accompanying condensed consolidated balance sheet, less only $140,000 as depreciation against our business personal property until such time as it is replaced.

BUSINESS SEGMENTS

BUSINESS SEGMENTS	3 Months Ended
	Dec. 29, 2018
Segment Reporting [Abstract]
BUSINESS SEGMENTS	(8) 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 ended December 29, 2018 and December 30, 2017, and identifiable assets for the two reportable segments in which we operate, are shown in the following table. Operating income is total revenue less cost of merchandise sold and operating expenses relative to each segment. In computing operating income, none of the following items have been included: interest expense, other non-operating income and expenses and income taxes. 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. (in thousands) Thirteen Weeks December 29, 2018 Thirteen Weeks December 30, 2017 Operating Revenues: Restaurants $ 22,151 $ 22,756 Package stores 5,135 5,013 Other revenues 608 624 Total operating revenues $ 27,894 $ 28,393 Income from Operations Reconciled to Income After Restaurants $ 1,387 $ 1,957 Package stores 167 282 1,554 2,239 Corporate expenses, net of other revenues (899 ) (652 ) Income from Operations 655 1,587 Interest expense (185 ) (176 ) Interest and Other income 13 10 Insurance recovery, net of casualty loss 602 — Income Before Provision for Income Taxes $ 1,085 $ 1,421 Provision for Income Taxes (87 ) (465 ) Net Income 998 956 Net Income Attributable to Noncontrolling Interests (255 ) (335 ) Net Income Attributable to Flanigan’s Enterprises, Inc. Stockholders $ 743 $ 621 Depreciation and Amortization: Restaurants $ 557 $ 540 Package stores 66 67 623 607 Corporate 97 79 Total Depreciation and Amortization $ 720 $ 686 Capital Expenditures: Restaurants $ 1,341 $ 823 Package stores 78 82 1,419 905 Corporate 222 55 Total Capital Expenditures $ 1,641 $ 960 December 29, September 29, 2018 2018 Identifiable Assets: Restaurants $ 31,293 $ 30,963 Package store 10,268 10,127 41,561 41,090 Corporate 28,495 26,175 Consolidated Totals $ 70,056 $ 67,265

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Dec. 29, 2018
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	(9) SUBSEQUENT EVENTS: Subsequent events have been evaluated through the date these consolidated financial statements were issued and no other events required disclosure.

BUSINESS SEGMENTS (Tables)

BUSINESS SEGMENTS (Tables)	3 Months Ended
	Dec. 29, 2018
Business Segments Tables
Schedule of Segment Reporting	(in thousands) Thirteen Weeks December 29, 2018 Thirteen Weeks December 30, 2017 Operating Revenues: Restaurants $ 22,151 $ 22,756 Package stores 5,135 5,013 Other revenues 608 624 Total operating revenues $ 27,894 $ 28,393 Income from Operations Reconciled to Income After Restaurants $ 1,387 $ 1,957 Package stores 167 282 1,554 2,239 Corporate expenses, net of other revenues (899 ) (652 ) Income from Operations 655 1,587 Interest expense (185 ) (176 ) Interest and Other income 13 10 Insurance recovery, net of casualty loss 602 — Income Before Provision for Income Taxes $ 1,085 $ 1,421 Provision for Income Taxes (87 ) (465 ) Net Income 998 956 Net Income Attributable to Noncontrolling Interests (255 ) (335 ) Net Income Attributable to Flanigan’s Enterprises, Inc. Stockholders $ 743 $ 621 Depreciation and Amortization: Restaurants $ 557 $ 540 Package stores 66 67 623 607 Corporate 97 79 Total Depreciation and Amortization $ 720 $ 686 Capital Expenditures: Restaurants $ 1,341 $ 823 Package stores 78 82 1,419 905 Corporate 222 55 Total Capital Expenditures $ 1,641 $ 960 December 29, September 29, 2018 2018 Identifiable Assets: Restaurants $ 31,293 $ 30,963 Package store 10,268 10,127 41,561 41,090 Corporate 28,495 26,175 Consolidated Totals $ 70,056 $ 67,265

INCOME TAXES (Details)

INCOME TAXES (Details) $ in Thousands	3 Months Ended
	Dec. 29, 2018USD ($)
Income Tax Disclosure [Abstract]
Corporate income tax rate	21.00%
Decrease in net deferred tax asset	$ 268

DEBT (Details)

DEBT (Details)	3 Months Ended
	Dec. 29, 2018USD ($)
Debt Instrument [Line Items]
Principal amount outstanding	$ 1,041,000
Mortgage on Real Property [Member] | Related Third Party [Member]
Debt Instrument [Line Items]
Interest rate (per annum)	4.00%
Term of financing agreement	8 years
Monthly payment of principal and interest	$ 3,047
Payment frequency	Monthly
Maturity date	Nov. 1, 2026
Proceeds from related party debt	$ 250,000
Financed Insurance Premiums [Member] | General Liability Insurance Premium [Member]
Debt Instrument [Line Items]
Term of insurance premium	1 year
Amount of premium payable	$ 620,000
Amount of premium payable financed from third party lender	$ 494,000
Interest rate (per annum)	3.85%
Term of financing agreement	10 months
Monthly payment of principal and interest	$ 39,000
Financed Insurance Premiums [Member] | General Liability Insurance for Limited Partnership Premium [Member]
Debt Instrument [Line Items]
Term of insurance premium	1 year
Amount of premium payable	$ 521,000
Amount of premium payable financed from third party lender	$ 416,000
Interest rate (per annum)	3.85%
Term of financing agreement	10 months
Monthly payment of principal and interest	$ 51,000
Financed Insurance Premiums [Member] | Property Insurance Premium [Member]
Debt Instrument [Line Items]
Term of insurance premium	1 year
Amount of premium payable	$ 506,000
Amount of premium payable financed from third party lender	$ 385,000
Interest rate (per annum)	3.85%
Term of financing agreement	10 months
Monthly payment of principal and interest	$ 42,000

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Construction Contracts) (Details) - USD ($)	3 Months Ended
	Dec. 29, 2018	Sep. 29, 2018	Jun. 14, 2017
Third Party Agreement - North Miami, Florida Renovation [Member]
Other Commitments [Line Items]
Total contract price	$ 1,140,000		$ 880,000
Amount for renovation of construction in process	933,000
New Building [Member]
Other Commitments [Line Items]
Total contract price		$ 127,000
New Building - Revised Contract [Member]
Other Commitments [Line Items]
Total contract price		138,000
Amount for renovation of construction in process	113,000
Existing Building [Member]
Other Commitments [Line Items]
Total contract price		174,000
Existing Building - Revised Contract [Member]
Other Commitments [Line Items]
Total contract price		187,000
Amount for renovation of construction in process	$ 110,000
Contract termination date	2019-02
Third Party Agreement - North Miami, Florida Patio Renovation [Member]
Other Commitments [Line Items]
Total contract price		$ 912,000
Third Party Agreement - North Miami, Florida Patio Renovation Revised Contract [Member]
Other Commitments [Line Items]
Total contract price	$ 880,000
Amount for renovation of construction in process	777,000
Two New Buildings [Member]
Other Commitments [Line Items]
Total contract price	356,000
Amount for renovation of construction in process	$ 104,000
Contract termination date	2019-02

CASUALTY LOSS (Details)

CASUALTY LOSS (Details) - USD ($)	3 Months Ended
	Dec. 29, 2018	Dec. 30, 2017
Loss Contingencies [Line Items]
Insurance recovery, net of casualty loss	$ 602,000
Insurance Claims [Member] | 2505 N. University Drive, Hollywood, Florida Property [Member]
Loss Contingencies [Line Items]
Aggregate insurance coverage agreed to be paid by insurance company	1,975,000
Loss sustained on building and business personal property	1,373,000
Insurance proceeds to be received from casualty	1,200,000
Resulting loss on damage to property	173,000
Gain on business interruption insurance coverage	775,000
Insurance recovery, net of casualty loss	602,000
Insurance proceeds advanced during the period	600,000
Depreciation recognized against business personal property until such time as it is replaced	$ 140,000

BUSINESS SEGMENTS (Details)

BUSINESS SEGMENTS (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 29, 2018	Dec. 30, 2017	Sep. 29, 2018
Operating Revenues:
Operating revenues	$ 27,894	$ 28,393
Income from Operations Reconciled to Income After Income Taxes and Net Income Attributable to Noncontrolling Interests
Income before corporate expenses	1,554	2,239
Corporate expenses, net of other revenue	(899)	(652)
Income from Operations	655	1,587
Interest expense	(185)	(176)
Interest and other income	13	10
Insurance recovery, net of casualty loss	602
Income Before Provision for Income Taxes	1,085	1,421
Provision for Income Taxes	(87)	(465)
Net Income	998	956
Net Income Attributable to Noncontrolling Interests	(255)	(335)
Net Income Attributable to Flanigan's Enterprises, Inc. stockholders	743	621
Depreciation and Amortization:
Depreciation and amortization	720	686
Capital Expenditures:
Capital expenditures	1,641	960
Identifiable Assets:
Assets	70,056		$ 67,265
Restaurants [Member]
Operating Revenues:
Operating revenues	22,151	22,756
Income from Operations Reconciled to Income After Income Taxes and Net Income Attributable to Noncontrolling Interests
Income before corporate expenses	1,387	1,957
Depreciation and Amortization:
Depreciation and amortization	557	540
Capital Expenditures:
Capital expenditures	1,341	823
Identifiable Assets:
Assets	31,293		30,963
Package stores [Member]
Operating Revenues:
Operating revenues	5,135	5,013
Income from Operations Reconciled to Income After Income Taxes and Net Income Attributable to Noncontrolling Interests
Income before corporate expenses	167	282
Depreciation and Amortization:
Depreciation and amortization	66	67
Capital Expenditures:
Capital expenditures	78	82
Identifiable Assets:
Assets	10,268		10,127
Other [Member]
Operating Revenues:
Operating revenues	608	624
Corporate [Member]
Depreciation and Amortization:
Depreciation and amortization	97	79
Capital Expenditures:
Capital expenditures	222	55
Identifiable Assets:
Assets	28,495		26,175
Total segments [Member]
Depreciation and Amortization:
Depreciation and amortization	623	607
Capital Expenditures:
Capital expenditures	1,419	$ 905
Identifiable Assets:
Assets	$ 41,561		$ 41,090