Bowl America (BWL.A) 10-K/A 3 Oct 17 2017 FY Annual report (amended) Financial data

Document And Entity Information

Document And Entity Information - USD ($) $ in Millions	12 Months Ended
	Jul. 02, 2017	Sep. 15, 2017	Dec. 30, 2016
Document Information [Line Items]
Entity Registrant Name	BOWL AMERICA INC
Entity Central Index Key	13,573
Trading Symbol	bwla
Current Fiscal Year End Date	--07-02
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Public Float			$ 35
Document Type	10-K/A
Document Period End Date	Jul. 2, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY
Amendment Flag	true
Amendment Description	This Amendment No. 1 to the Form 10-K of Bowl America Incorporated, for the year ended July 2, 2017, as filed with the Securities and Exchange Commission on September 28, 2017 (the “Original Filing”) is being filed solely to correct scrivener's errors in the Original Filing with respect to (i) the Earnings from continuing operations for the year ended July 2, 2017 on page 14, (ii) the Balance of Class A shares for the year ended June 28, 2015 on page 18 and (iii) the Balance of Additional Paid-In Capital for the year ended July 3, 2016 on page 18. Pursuant to Sections 302 and 906 of the Sarbanes-Oxley Act of 2002 and the rules of the SEC, we are also including new certifications by our Chief Executive Officer and Chief Financial Officer (as Exhibits 31.1, 31.2 and 32). Except as described above, no other changes have been made to the Original Filing, and this amendment does not otherwise amend, update or change the financial statements or other disclosures in the Original Filing. This Amendment No. 1 to Form 10-K does not reflect any event occurring after the filing of the Original Filing.
Common Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		1,414,517
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		3,746,454

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Jul. 02, 2017	Jul. 03, 2016
CURRENT ASSETS:
Cash and cash equivalents (Note 2)	$ 604,671	$ 986,193
Short-term investments (Note 3)	2,951,315	484,558
Inventories	534,741	561,217
Prepaid expenses and other	555,687	664,379
Current deferred income tax benefit (Note 7)	8,162
TOTAL CURRENT ASSETS	4,654,576	2,696,347
LAND, BUILDINGS & EQUIPMENT, net (Note 4)	18,860,778	19,523,856
OTHER ASSETS:
Marketable investment securities (Note 3)	5,272,318	8,824,456
Cash surrender value-life insurance	772,326	740,161
Other	66,315	66,315
TOTAL OTHER ASSETS	6,110,959	9,630,932
TOTAL ASSETS	29,626,313	31,851,135
CURRENT LIABILITIES:
Accounts payable	673,786	660,711
Accrued expenses	1,069,668	1,193,463
Dividends payable	877,365	877,365
Income taxes payable	22,543	207,840
Other current liabilities	342,324	325,982
Current deferred income taxes (Note 7)		27,850
TOTAL CURRENT LIABILITIES	2,985,686	3,293,211
LONG-TERM DEFERRED COMPENSATION	18,413	23,620
NONCURRENT DEFERRED INCOME TAXES (Note 7)	2,035,821	2,384,962
TOTAL LIABILITIES	5,039,920	5,701,793
COMMITMENTS AND CONTINGENCIES (Note 5)
STOCKHOLDERS' EQUITY (Note 8)
Preferred stock, par value $10 a share: Authorized and unissued, 2,000,000 shares	0	0
Additional paid-in capital	7,854,108	7,854,108
Accumulated other comprehensive earnings- Unrealized gain on available-for-sale securities, net of tax	2,481,988	2,986,587
Retained earnings	13,734,200	14,792,550
TOTAL STOCKHOLDERS'EQUITY	24,586,393	26,149,342
TOTAL LIABILITIES AND STOCKHOLDERS'EQUITY	29,626,313	31,851,135
Common Class A [Member]
STOCKHOLDERS' EQUITY (Note 8)
Common Stock	374,645	374,645
Common Class B [Member]
STOCKHOLDERS' EQUITY (Note 8)
Common Stock	$ 141,452	$ 141,452

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares	Jul. 02, 2017	Jul. 03, 2016
Common stock, shares outstanding (in shares)	5,160,971	5,160,971
Preferred stock, shares authorized (in shares)	2,000,000	2,000,000
Preferred stock, par value (in dollars per share)	$ 10	$ 10
Common stock, par value (in dollars per share)	$ 0.10	$ 0.10
Common stock, shares authorized (in shares)	10,000,000	10,000,000
Common Class A [Member]
Common stock, shares outstanding (in shares)	3,746,454	3,746,454
Common stock, shares issued (in shares)	3,746,454	3,746,454
Common Class B [Member]
Common stock, shares outstanding (in shares)	1,414,517	1,414,517
Common stock, shares issued (in shares)	1,414,517	1,414,517

Consolidated Statements of Earn

Consolidated Statements of Earnings and Comprehensive Earnings - USD ($)	12 Months Ended
	Jul. 02, 2017	Jul. 03, 2016
Operating Revenues:
Bowling and other	$ 16,887,857	$ 16,878,423
Food, beverage and merchandise sales	7,044,647	7,219,439
Total Operating Revenue	23,932,504	24,097,862
Operating Expenses:
Employee compensation and benefits	10,817,766	11,070,655
Cost of bowling and other services	5,881,168	5,947,418
Cost of food, beverage and merchandise sales	2,195,259	2,202,901
Depreciation and amortization	973,849	1,153,121
General and administrative	802,887	852,465
Total Operating Expense	20,670,929	21,226,560
Gain (loss) on disposal of land, buildings and equipment	77,972	(10,035)
Operating Income	3,339,547	2,861,267
Interest, dividend and other income	412,299	449,998
Interest expense	6,296
Earnings before provision for income taxes	3,745,550	3,311,265
Provision for income taxes (Note 7)
Current	1,368,326	1,258,674
Deferred	(73,886)	(98,434)
Total Provision for Income Taxes	1,294,440	1,160,240
Net Earnings	$ 2,451,110	$ 2,151,025
Earnings per share-basic & diluted (in dollars per share)	$ 0.48	$ 0.42
Weighted average shares outstanding (in shares)	5,160,971	5,160,971
Dividends paid	$ 3,509,460	$ 3,509,461
Net earnings for the year	2,451,110	2,151,025
Other comprehensive earnings- net of tax
Unrealized gain (loss) on available-for–sale securities net of tax (benefit) of ($312,797) and $334,549	(508,218)	548,740
Reclassification adjustment for loss (gain) included in Net Income, net of tax (benefit) of ($2,227) and $9,258	3,619	(15,041)
Comprehensive earnings	$ 1,946,511	$ 2,684,724
Common Class A [Member]
Provision for income taxes (Note 7)
Per share, dividends paid (in dollars per share)	$ 0.68	$ 0.68
Common Class B [Member]
Provision for income taxes (Note 7)
Per share, dividends paid (in dollars per share)	$ 0.68	$ 0.68

Consolidated Statements of Ear5

Consolidated Statements of Earnings and Comprehensive Earnings (Parentheticals) - USD ($)	12 Months Ended
	Jul. 02, 2017	Jul. 03, 2016
Unrealized gain (loss) on available-for-sale securities tax	$ (312,797)	$ 334,549
Reclassification adjustment for gain tax	$ (2,227)	$ 9,258

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($)	Common Stock [Member]Common Class A [Member]	Common Stock [Member]Common Class B [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Balance (in shares) at Jun. 28, 2015	3,746,454	1,414,517
Balance at Jun. 28, 2015	$ 374,645	$ 141,452	$ 7,854,108	$ 2,452,888	$ 16,150,986
Cash dividends paid					(2,632,095)
Accrued dividends declared and payable					(877,366)
Change in unrealized gain on available-for- sale securities (shown net of tax)				548,740		$ 548,740
Reclassification adjustment for gain included in net income, net of tax				(15,041)		(15,041)
Net earnings for the year					2,151,025	2,151,025
Balance at Jul. 03, 2016	$ 374,645	$ 141,452	7,854,108	2,986,587	14,792,550
Balance (in shares) at Jul. 03, 2016	3,746,454	1,414,517
Cash dividends paid					(2,632,095)
Accrued dividends declared and payable					(877,365)
Change in unrealized gain on available-for- sale securities (shown net of tax)				(508,218)		(508,218)
Reclassification adjustment for gain included in net income, net of tax				3,619		3,619
Net earnings for the year					2,451,110	$ 2,451,110
Balance at Jul. 02, 2017	$ 374,645	$ 141,452	$ 7,854,108	$ 2,481,988	$ 13,734,200
Balance (in shares) at Jul. 02, 2017	3,746,454	1,414,517

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Jul. 02, 2017	Jul. 03, 2016
Cash Flows From Operating Activities
Net earnings for the year	$ 2,451,110	$ 2,151,025
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	973,849	1,153,121
Decrease in deferred income tax	(74,567)	(95,712)
(Gain) loss on disposition of assets-net	(77,972)	10,035
Loss (gain) on sale of available-for-sale securities	5,845	(24,299)
Changes in assets and liabilities
Decrease (increase) in inventories	26,476	(8,328)
Decrease (increase) in prepaid and other	108,692	(176,167)
Decrease in income taxes refundable		51,309
Decrease in other long-term assets		150
Increase (decrease) in accounts payable	13,075	(48,742)
(Decrease) increase in accrued expenses	(123,795)	191,709
(Decrease) increase in income taxes payable	(185,297)	207,840
Increase in other current liabilities	16,342	35,149
Decrease in long-term deferred compensation	(5,207)	(5,277)
Net cash provided by operating activities	3,128,551	3,441,813
Cash Flows From Investing Activities
Expenditures for land, building and equipment	(326,398)	(319,558)
Sale of assets	93,599	50,000
Net sales and maturities (purchases) of short-term investments	350,635	(350,829)
Purchases of marketable securities	(86,284)	(71,570)
Proceeds from sale of marketable securities		1,000,000
Increase in cash surrender value	(32,165)	(32,569)
Net cash (used in) provided by investing activities	(613)	275,474
Cash Flows From Financing Activities
Payment of cash dividends	(3,509,460)	(3,509,461)
Net cash used in financing activities	(3,509,460)	(3,509,461)
Net Change in Cash and Equivalents	(381,522)	207,826
Cash and Equivalents, Beginning of period	986,193	778,367
Cash and Equivalents, End of period	604,671	986,193
Supplemental Disclosures of Cash Flow Information Cash Paid During the Period for:
Interest paid	6,296
Income taxes	$ 1,575,623	$ 934,026

Note 1 - Organization and Signi

Note 1 - Organization and Significant Accounting Policies	12 Months Ended
	Jul. 02, 2017
Notes to Financial Statements
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]	1. Organization Bowl America Incorporated is engaged in the operation of 1 8 one four three 18 726 one Principles of Consolidation The consolidated financial statements include the accounts of the Company and all of its wholly-owned subsidiary corporations. All significant inter-company items have been eliminated in the consolidated financial statements. Fiscal Year The Company's fiscal year ends on the Sunday nearest to June 30. year 2017 July 2, 2017, 2016 July 3, 2016. 2017 52 2016 53 Subsequent Events The Company has evaluated subsequent events through the date of filing these financial statements with the Securities and Exchange Commission on September 28, 2017. In August 2017 $1,000,000 August 2017 Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may and key employees including survivor benefits, depreciation expense, cash surrender value of officers' life insurance, the Federal and State income taxes (current and deferred), and market assumptions used in estimating the fair value of certain assets such as marketable securities and long-lived assets. Revenue Recognition The Company records revenue for fees charged for use of bowling lanes and other facilities at the time the services are provided. Food, beverage and merchandise sales are recorded as revenue at the time the product is given to the customer. Depreciation and Amortization Depreciation and amortization for financial statement purposes are calculated by use of the straight-line method. Amortization of leasehold improvements is calculated over the estimated useful life of the asset term of the lease, whichever is shorter. The categories of property, plant, and equipment and the ranges of estimated useful lives on which depreciation and amortization rates are based are as follows: Bowling lanes and equipment (years) 3 - 10 Building and building improvements (years) 10 - 39 Leasehold improvements (years) 5 - 15 Amusement games (years) 3 - 5 Maintenance and repairs and minor replacements are charged to expense when incurred. Major replacements and betterments are capitalized. The accounts are adjusted for the sale or other disposition of property, and the resulting gain or loss is credited or charged to income. Impairment of Long-Lived Assets The Company reviews long-lived assets whenever events or changes indicate that the carrying amount of an asset may not between the assets' fair value and carrying value, is recognized when the estimated undiscounted future cash flows are less than the carrying amount. Dividends It is the Company's policy to accrue a dividend liability at the time the dividends are declared. Advertising Expense It is the Company's policy to expense advertising expenditures as they are incurred. The Company's advertising expenses for the years ending July 2, 2017, July 3, 2016, $319,382 $319,129, Inventories Inventories are stated at the lower of cost ( first first or market. Inventories consist of resale merchandise including food and beverage and bowling supplies. Income Taxes Deferred income tax liabilities and assets are based on the differences between the financial statement and tax bases of assets and liabilities, using tax rates currently in effect. A valuation allowance is provided when it is more likely than not not Investment Securities All of the Company's readily marketable debt and equity securities are classified as available-for-sale. Accordingly, these securities are recorded at fair value with any unrealized gains and losses excluded from earnings and reported, net of deferred taxes, within a separate component of stockholders' equity until realized. Realized gains or losses on the sale of debt and equity securities are reported in earnings and determined using the adjusted cost of the specific security sold. Earnings Per Share Earnings per share basic and diluted, have been calculated using the weighted average number of shares of Class A and Class B common stock outstanding of 5,160,971 2017 2016 Comprehensive Earnings A consolidated statement of comprehensive earnings reflecting the aggregation of net earnings and unrealized gain or loss on available-for-sale securities, the Company's principal components of other comprehensive earnings, has been presented for the years ended July 2, 2017 July 3, 2016. Cash and Cash Equivalents For purposes of the consolidated statements of cash flows, the Company considers money market funds and certificates of deposits, with original maturities of three may not Other Current Liabilities Other current liabilities include prize fund monies held by the Company for bowling leagues. The funds are returned to the leagues at the end of the league bowling season. At July 2, 2017 July 3, 2016 $334,272 $314,599, Reclassifications Certain previous year amounts have been reclassified to conform with the current year presentation . Recently adopted accounting guidance Recent accounting guidance not In January 2016, ’s fiscal year ending June 2019 In February 2016, 12 This amendment is effective for the Company’s fiscal year ending June 2020

Note 2 - Cash and Cash Equivale

Note 2 - Cash and Cash Equivalents	12 Months Ended
	Jul. 02, 2017
Notes to Financial Statements
Cash and Cash Equivalents Disclosure [Text Block]	2. Cash and cash equivalents consisted of the following: July 2, 2017 July 3, 2016 Demand deposits and cash on hand $ 467,161 $ 543,639 Money market funds 137,510 442,554 Cash and Cash Equivalents $ 604,671 $ 986,193 The account balances at times exceed federally insured limits. The Company does not

Note 3 - Investments

Note 3 - Investments	12 Months Ended
	Jul. 02, 2017
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	3. The Company’s marketable securities are categorized as available-for-sale securities. The cost for marketable securities was determined using the specific identification method. The fair values of marketable securities are based on the quoted market price for those securities. At July 2, 2017, three one July 2, 2017, $2,951,315. July 3, 2016, three one and the fair value of short-term investments was $484,558. July 2, 2017 July 3, 2016 As of July 2, 2017, $17,248 $2,817,392. August 2017 $1,000,000 August 2017 July 3, 2016, $108,755 $2,822,615. Original Unrealized Unrealized Fair Cost Gain Loss Value July 2, 2017 Equity securities $ 1,279,914 $ 3,996,702 $ (4,298 ) $ 5,272,318 Mutual fund 2,800,144 17,248 - 2,817,392 Certificates of deposits 133,922 - - 133,922 Ju ly 3, 2016 Equity securities $ 1,285,759 $ 4,721,885 $ (5,804 ) $ 6,001,841 Mutual fund 2,713,860 108,755 - 2,822,615 Certificates of deposits 484,558 - - 484,558 During fiscal 2017 2016, $4,298 $5,804 Less than 12 months 12 Months or greater Total July 2, 2017 Fair Value Unrealized loss Fair Value Unrealized loss Fair Value Unrealized loss Equity securities $ - $ - $ 5,229 $ (4,298 ) $ 5,299 $ (4,298 ) Less than 12 months 12 Months or greater Total July 3, 2016 Fair Value Unrealized loss Fair Value Unrealized loss Fair Value Unrealized loss Equity securities $ - $ - $ 41 $ (5,804 ) $ 41 $ (5,804 ) Th e equity securities portfolio includes the following stocks: AT&T shares 82,112 Manulife shares 2,520 NCR shares 774 Teradata shares 774 Vodafone shares 6,471 CenturyLink shares 4,398 Frontier Communications shares 4,508 Sprint shares 40,000 Verizon shares 31,904 Windstream shares 679 CSAL shares 815 On July 10, 2017 1 15 300 On August 1, 2016 no As stated in Note 1, three Level 1. Observable inputs such as quoted prices in active markets for identical assets or liabilities; Level 2 . Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and Level 3 . Unobservable inputs in which there is little or no A financial instrument ’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. The fair value of these assets as of July 2, 2017 Quoted Significant Unrealized Cumulative Price for Other Significant gains/ (losses) Unrealized Identical Observable Unobservable for the g ains/(losses) Assets Inputs Inputs Year Ended as of Description (Level 1) (Level 2) (Level 3) Ju ly 2, 2017 Ju ly 2, 2017 Equity securities $ 5,272,318 $ - $ - $ (729,508 ) $ 3,992,404 Mutual fund 2,817,392 - - (91,507 ) 17,248 Certificates of deposits - 133,922 - - - TOTAL $ 8,089,710 $ 133,922 - $ (821,015 ) $ 4,009,652 The fair value of these assets as of July 3, 2016 Quoted Significant Unrealized Cumulative Price for Other Significant gains/(losses) Unrealized Identical Observable Unobservable for the gains/(losses) Assets Inputs Inputs Year Ended as of Description (Level 1) (Level 2) (Level 3) Ju ly 3, 2016 Ju ly 3, 2016 Equity securities $ 6,001,841 $ - $ - $ 811,454 $ 4,716,081 Mutual fund 2,822,615 - - 66,629 108,755 Certificates of deposits - 484,558 - - - TOTAL $ 8,824,456 $ 484,558 - $ 878,083 $ 4,824,836 The fair value of certificates of deposits is estimated using net present value techniques and comparing the values to certificates with similar terms.

Note 4 - Land, Buildings, and E

Note 4 - Land, Buildings, and Equipment	12 Months Ended
	Jul. 02, 2017
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	4. , AND EQUIPMENT Land, buildings , and equipment, at cost, consisted of the following: July 2, July 3, 2017 2016 Buildings $ 18,666,152 $ 18,666,152 Leasehold and building improvements 8,168,717 8,068,521 Bowling lanes and equipment 22,418,775 22,429,142 Land 10,510,308 10,516,607 Amusement games 17,519 726,471 Bowling lanes and equipment not yet in use 57,916 104,506 Total Land, Buildings, and Equipment 59,839,387 60,511,399 Less accumulated depreciation and amortization 40,978,609 40,987,543 Land, Buildings, and Equipment, net $ 18,860,778 $ 19,523,856 Depreciation and amortization expense for buildings and equipment for fiscal years 2017 2016 $973,849, $1,153,121, not and equipment not not

Note 5 - Commitments and Contin

Note 5 - Commitments and Contingencies	12 Months Ended
	Jul. 02, 2017
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	5. Lease Commitments The Company and its subsidiaries are obligated under long-term real estate lease agreements for two At July 2, 2017, Year Ending 2018 $ 318,000 2019 318,000 2020 33,834 Total minimum lease payments $ 669,834 Net rent expense was as follows: For the Years Ended July 2, 2017 July 3, 2016 Minimum rent under operating leases $ 318,000 $ 318,000 Excess percentage rents - - Net rent expense $ 318,000 $ 318,000 Purchase Commitments The Company's purchase commitments at July 2, 2017

Note 6 - Profit-sharing and ESO

Note 6 - Profit-sharing and ESOP Plan	12 Months Ended
	Jul. 02, 2017
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	6. The Company has two first fiscal year or December 29 one one thousand July 2, 2017 July 3, 2016, $90,000 $75,000, Effective March 31, 1987, one thousand that fiscal year. The ESOP an provides for Company contributions as determined by the Board of Directors. The Company contributed $90,000 2017 $75,000 2016. no

Note 7 - Income Taxes

Note 7 - Income Taxes	12 Months Ended
	Jul. 02, 2017
Notes to Financial Statements
Income Tax Disclosure [Text Block]	7. The Company is required to analyze all material positions it has taken or plans to take in all tax returns that have been filed or should have been filed with all taxing authorities for all years still subject to challenge by those taxing authorities. If the position taken is “more-likely-than- not” 50% The Company had no July 2, 2017 twelve No interest and penalties, such costs would be reflected in the tax expense for the period in which such costs accrued. The Company is subject to U.S. Federal income tax and to several state jurisdictions. Returns filed for tax periods ending after June 30, 2013 The significant components of the Company's deferred tax assets and liabilities were as follows: July 2, July 3, 2017 2016 Deferred tax assets: Other $ 8,162 $ - Total deferred tax assets 8,162 - Deferred tax liabilities: Land, buildings, and equipment $ 521,818 $ 596,688 Unrealized gain on available-for-sale securities 1,529,585 1,840,861 Prepaid expenses and other (15,582 ) (24,725 ) Total deferred tax liabilities 2,035,821 2,412,824 Net deferred income taxes $ 2,027,659 $ 2,412,824 Income tax expense differs from the amounts computed by applying the U.S. Federal income tax rate to income before tax for the following reasons: For the Years Ended 2017 2016 Taxes computed at statutory rate 34.0 % 34.0 % State income taxes, net of Federal income tax benefit 3.2 4.1 Dividends received exclusion (1.8 ) (2.1 ) All other net (1.0 ) (1.0 ) Net effective rate 34.4 % 35.0 %

Note 8 - Stockholders' Equity

Note 8 - Stockholders' Equity	12 Months Ended
	Jul. 02, 2017
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	8. The Class A shares have one . The Class B shares may ten At July 2, 2017, July 3, 2016, $ 34,799 2% 2.5% three 2015 2017.

Note 9 - Deferred Compensation

Note 9 - Deferred Compensation	12 Months Ended
	Jul. 02, 2017
Notes to Financial Statements
Compensation Related Costs, General [Text Block]	9. Deferred compensation payable was a total of $24,639 July 2, 2017, $29,915 July 3, 2016. $6,226 July 2, 2017, $6,295 July 3, 2016,

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Jul. 02, 2017
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Principles of Consolidation The consolidated financial statements include the accounts of the Company and all of its wholly-owned subsidiary corporations. All significant inter-company items have been eliminated in the consolidated financial statements.
Fiscal Period, Policy [Policy Text Block]	Fiscal Year The Company's fiscal year ends on the Sunday nearest to June 30. year 2017 July 2, 2017, 2016 July 3, 2016. 2017 52 2016 53
Subsequent Events, Policy [Policy Text Block]	Subsequent Events The Company has evaluated subsequent events through the date of filing these financial statements with the Securities and Exchange Commission on September 28, 2017. In August 2017 $1,000,000 August 2017
Use of Estimates, Policy [Policy Text Block]	Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may and key employees including survivor benefits, depreciation expense, cash surrender value of officers' life insurance, the Federal and State income taxes (current and deferred), and market assumptions used in estimating the fair value of certain assets such as marketable securities and long-lived assets.
Revenue Recognition, Policy [Policy Text Block]	Revenue Recognition The Company records revenue for fees charged for use of bowling lanes and other facilities at the time the services are provided. Food, beverage and merchandise sales are recorded as revenue at the time the product is given to the customer.
Depreciation, Depletion, and Amortization [Policy Text Block]	Depreciation and Amortization Depreciation and amortization for financial statement purposes are calculated by use of the straight-line method. Amortization of leasehold improvements is calculated over the estimated useful life of the asset term of the lease, whichever is shorter. The categories of property, plant, and equipment and the ranges of estimated useful lives on which depreciation and amortization rates are based are as follows: Bowling lanes and equipment (years) 3 - 10 Building and building improvements (years) 10 - 39 Leasehold improvements (years) 5 - 15 Amusement games (years) 3 - 5 Maintenance and repairs and minor replacements are charged to expense when incurred. Major replacements and betterments are capitalized. The accounts are adjusted for the sale or other disposition of property, and the resulting gain or loss is credited or charged to income.
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	Impairment of Long-Lived Assets The Company reviews long-lived assets whenever events or changes indicate that the carrying amount of an asset may not between the assets' fair value and carrying value, is recognized when the estimated undiscounted future cash flows are less than the carrying amount.
Dividends [Policy Text Block]	Dividends It is the Company's policy to accrue a dividend liability at the time the dividends are declared.
Advertising Costs, Policy [Policy Text Block]	Advertising Expense It is the Company's policy to expense advertising expenditures as they are incurred. The Company's advertising expenses for the years ending July 2, 2017, July 3, 2016, $319,382 $319,129,
Inventory, Policy [Policy Text Block]	Inventories Inventories are stated at the lower of cost ( first first or market. Inventories consist of resale merchandise including food and beverage and bowling supplies.
Income Tax, Policy [Policy Text Block]	Income Taxes Deferred income tax liabilities and assets are based on the differences between the financial statement and tax bases of assets and liabilities, using tax rates currently in effect. A valuation allowance is provided when it is more likely than not not
Investment, Policy [Policy Text Block]	Investment Securities All of the Company's readily marketable debt and equity securities are classified as available-for-sale. Accordingly, these securities are recorded at fair value with any unrealized gains and losses excluded from earnings and reported, net of deferred taxes, within a separate component of stockholders' equity until realized. Realized gains or losses on the sale of debt and equity securities are reported in earnings and determined using the adjusted cost of the specific security sold.
Earnings Per Share, Policy [Policy Text Block]	Earnings Per Share Earnings per share basic and diluted, have been calculated using the weighted average number of shares of Class A and Class B common stock outstanding of 5,160,971 2017 2016
Comprehensive Income, Policy [Policy Text Block]	Comprehensive Earnings A consolidated statement of comprehensive earnings reflecting the aggregation of net earnings and unrealized gain or loss on available-for-sale securities, the Company's principal components of other comprehensive earnings, has been presented for the years ended July 2, 2017 July 3, 2016.
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents For purposes of the consolidated statements of cash flows, the Company considers money market funds and certificates of deposits, with original maturities of three may not
Other Current Liabilities [Policy Text Block]	Other Current Liabilities Other current liabilities include prize fund monies held by the Company for bowling leagues. The funds are returned to the leagues at the end of the league bowling season. At July 2, 2017 July 3, 2016 $334,272 $314,599,
Reclassification, Policy [Policy Text Block]	Reclassifications Certain previous year amounts have been reclassified to conform with the current year presentation .
New Accounting Pronouncements, Policy [Policy Text Block]	Recently adopted accounting guidance Recent accounting guidance not In January 2016, ’s fiscal year ending June 2019 In February 2016, 12 This amendment is effective for the Company’s fiscal year ending June 2020

Note 1 - Organization and Sig18

Note 1 - Organization and Significant Accounting Policies (Tables)	12 Months Ended
	Jul. 02, 2017
Notes Tables
Schedule of Depreciation and Amortization Rates [Table Text Block]	Bowling lanes and equipment (years) 3 - 10 Building and building improvements (years) 10 - 39 Leasehold improvements (years) 5 - 15 Amusement games (years) 3 - 5

Note 2 - Cash and Cash Equiva19

Note 2 - Cash and Cash Equivalents (Tables)	12 Months Ended
	Jul. 02, 2017
Notes Tables
Schedule of Cash and Cash Equivalents [Table Text Block]	July 2, 2017 July 3, 2016 Demand deposits and cash on hand $ 467,161 $ 543,639 Money market funds 137,510 442,554 Cash and Cash Equivalents $ 604,671 $ 986,193

Note 3 - Investments (Tables)

Note 3 - Investments (Tables)	12 Months Ended
	Jul. 02, 2017
Notes Tables
Available-for-sale Securities [Table Text Block]	Original Unrealized Unrealized Fair Cost Gain Loss Value July 2, 2017 Equity securities $ 1,279,914 $ 3,996,702 $ (4,298 ) $ 5,272,318 Mutual fund 2,800,144 17,248 - 2,817,392 Certificates of deposits 133,922 - - 133,922 Ju ly 3, 2016 Equity securities $ 1,285,759 $ 4,721,885 $ (5,804 ) $ 6,001,841 Mutual fund 2,713,860 108,755 - 2,822,615 Certificates of deposits 484,558 - - 484,558
Schedule of Unrealized Loss on Investments [Table Text Block]	Less than 12 months 12 Months or greater Total July 2, 2017 Fair Value Unrealized loss Fair Value Unrealized loss Fair Value Unrealized loss Equity securities $ - $ - $ 5,229 $ (4,298 ) $ 5,299 $ (4,298 ) Less than 12 months 12 Months or greater Total July 3, 2016 Fair Value Unrealized loss Fair Value Unrealized loss Fair Value Unrealized loss Equity securities $ - $ - $ 41 $ (5,804 ) $ 41 $ (5,804 )
Schedule Of Telecommunications Stocks Held [Table Text Block]	AT&T shares 82,112 Manulife shares 2,520 NCR shares 774 Teradata shares 774 Vodafone shares 6,471 CenturyLink shares 4,398 Frontier Communications shares 4,508 Sprint shares 40,000 Verizon shares 31,904 Windstream shares 679 CSAL shares 815
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	Quoted Significant Unrealized Cumulative Price for Other Significant gains/ (losses) Unrealized Identical Observable Unobservable for the g ains/(losses) Assets Inputs Inputs Year Ended as of Description (Level 1) (Level 2) (Level 3) Ju ly 2, 2017 Ju ly 2, 2017 Equity securities $ 5,272,318 $ - $ - $ (729,508 ) $ 3,992,404 Mutual fund 2,817,392 - - (91,507 ) 17,248 Certificates of deposits - 133,922 - - - TOTAL $ 8,089,710 $ 133,922 - $ (821,015 ) $ 4,009,652 Quoted Significant Unrealized Cumulative Price for Other Significant gains/(losses) Unrealized Identical Observable Unobservable for the gains/(losses) Assets Inputs Inputs Year Ended as of Description (Level 1) (Level 2) (Level 3) Ju ly 3, 2016 Ju ly 3, 2016 Equity securities $ 6,001,841 $ - $ - $ 811,454 $ 4,716,081 Mutual fund 2,822,615 - - 66,629 108,755 Certificates of deposits - 484,558 - - - TOTAL $ 8,824,456 $ 484,558 - $ 878,083 $ 4,824,836

Note 4 - Land, Buildings, and21

Note 4 - Land, Buildings, and Equipment (Tables)	12 Months Ended
	Jul. 02, 2017
Notes Tables
Property, Plant and Equipment [Table Text Block]	July 2, July 3, 2017 2016 Buildings $ 18,666,152 $ 18,666,152 Leasehold and building improvements 8,168,717 8,068,521 Bowling lanes and equipment 22,418,775 22,429,142 Land 10,510,308 10,516,607 Amusement games 17,519 726,471 Bowling lanes and equipment not yet in use 57,916 104,506 Total Land, Buildings, and Equipment 59,839,387 60,511,399 Less accumulated depreciation and amortization 40,978,609 40,987,543 Land, Buildings, and Equipment, net $ 18,860,778 $ 19,523,856

Note 5 - Commitments and Cont22

Note 5 - Commitments and Contingencies (Tables)	12 Months Ended
	Jul. 02, 2017
Notes Tables
Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]	Year Ending 2018 $ 318,000 2019 318,000 2020 33,834 Total minimum lease payments $ 669,834
Schedule of Rent Expense [Table Text Block]	For the Years Ended July 2, 2017 July 3, 2016 Minimum rent under operating leases $ 318,000 $ 318,000 Excess percentage rents - - Net rent expense $ 318,000 $ 318,000

Note 7 - Income Taxes (Tables)

Note 7 - Income Taxes (Tables)	12 Months Ended
	Jul. 02, 2017
Notes Tables
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	July 2, July 3, 2017 2016 Deferred tax assets: Other $ 8,162 $ - Total deferred tax assets 8,162 - Deferred tax liabilities: Land, buildings, and equipment $ 521,818 $ 596,688 Unrealized gain on available-for-sale securities 1,529,585 1,840,861 Prepaid expenses and other (15,582 ) (24,725 ) Total deferred tax liabilities 2,035,821 2,412,824 Net deferred income taxes $ 2,027,659 $ 2,412,824
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	For the Years Ended 2017 2016 Taxes computed at statutory rate 34.0 % 34.0 % State income taxes, net of Federal income tax benefit 3.2 4.1 Dividends received exclusion (1.8 ) (2.1 ) All other net (1.0 ) (1.0 ) Net effective rate 34.4 % 35.0 %

Note 1 - Organization and Sig24

Note 1 - Organization and Significant Accounting Policies (Details Textual)	1 Months Ended	12 Months Ended
	Aug. 31, 2017USD ($)	Jul. 02, 2017USD ($)shares	Jul. 03, 2016USD ($)shares
Number of Stores		18
Number of Lanes in Operation		726
Number of Operating Segments		1
Advertising Expense		$ 319,382	$ 319,129
Common Stock, Shares, Outstanding | shares		5,160,971	5,160,971
Other Liabilities, Current		$ 342,324	$ 325,982
Prize Fund Monies [Member]
Other Liabilities, Current		$ 334,272	$ 314,599
Mutual Fund [Member] | Subsequent Event [Member]
Redemption of Securities to Meet Dividend Payment	$ 1,000,000
Baltimore Maryland [Member]
Number of Stores		1
Richmond, Virginia [Member]
Number of Stores		4
Jacksonville, Florida [Member]
Number of Stores		3

Note 1 - Organization and Sig25

Note 1 - Organization and Significant Accounting Policies - Depreciation and Amortization Rates (Details)	12 Months Ended
	Jul. 02, 2017
Bowling Lanes and Equipment [Member] | Minimum [Member]
Property, Plant, and Equipment, Useful Life (Year)	3 years
Bowling Lanes and Equipment [Member] | Maximum [Member]
Property, Plant, and Equipment, Useful Life (Year)	10 years
Building and Building Improvements [Member] | Minimum [Member]
Property, Plant, and Equipment, Useful Life (Year)	10 years
Building and Building Improvements [Member] | Maximum [Member]
Property, Plant, and Equipment, Useful Life (Year)	39 years
Leasehold Improvements [Member] | Minimum [Member]
Property, Plant, and Equipment, Useful Life (Year)	5 years
Leasehold Improvements [Member] | Maximum [Member]
Property, Plant, and Equipment, Useful Life (Year)	15 years
Amusement Games [Member] | Minimum [Member]
Property, Plant, and Equipment, Useful Life (Year)	3 years
Amusement Games [Member] | Maximum [Member]
Property, Plant, and Equipment, Useful Life (Year)	5 years

Note 2 - Cash and Cash Equiva26

Note 2 - Cash and Cash Equivalents - Cash and Cash Equivalents (Details) - USD ($)	Jul. 02, 2017	Jul. 03, 2016	Jun. 28, 2015
Demand deposits and cash on hand	$ 467,161	$ 543,639
Money market funds	137,510	442,554
Cash and Cash Equivalents	$ 604,671	$ 986,193	$ 778,367

Note 3 - Investments (Details T

Note 3 - Investments (Details Textual)	Jul. 10, 2017shares	Aug. 31, 2017USD ($)	Jul. 02, 2017USD ($)shares	Jul. 03, 2016USD ($)
Short-term Investments			$ 2,951,315	$ 484,558
Available-for-sale Securities, Gross Unrealized Gain (Loss)			$ (821,015)	878,083
Frontier Communications [Member]
Investment Owned, Balance, Shares | shares			4,508
Equity Securities [Member]
Unrealized Loss on Securities			$ 4,298	5,804
Subsequent Event [Member] | Frontier Communications [Member]
Investment Owned, Balance, Shares | shares	300
Subsequent Event [Member] | Frontier Communications [Member] | Reverse Stock Split [Member]
Stockholders' Equity Note, Stock Split, Conversion Ratio	15
US Government Corporations and Agencies Securities [Member]
Available-for-sale Securities, Gross Unrealized Gain (Loss)			17,248	108,755
US Government Securities, at Carrying Value			2,817,392	2,822,615
Mutual Fund [Member]
Available-for-sale Securities, Gross Unrealized Gain (Loss)			$ (91,507)	$ 66,629
Mutual Fund [Member] | Subsequent Event [Member]
Redemption of Securities to Meet Dividend Payment		$ 1,000,000
Minimum [Member]
Short-term Investments Maturities Term			90 days
Maximum [Member]
Short-term Investments Maturities Term			1 year

Note 3 - Investments - Summary

Note 3 - Investments - Summary of Investments (Details) - USD ($)	Jul. 02, 2017	Jul. 03, 2016
Equity Securities [Member]
Unrealized Loss	$ (4,298)	$ (5,804)
Fair Value	5,272,318	6,001,841
Cost Basis	1,279,914	1,285,759
Unrealized Gain	3,996,702	4,721,885
Mutual Fund [Member]
Unrealized Loss
Fair Value	2,817,392	2,822,615
Cost Basis	2,800,144	2,713,860
Unrealized Gain	17,248	108,755
Certificates of Deposit [Member]
Unrealized Loss
Fair Value	133,922	484,558
Cost Basis	133,922	484,558
Unrealized Gain

Note 3 - Investments - Unrealiz

Note 3 - Investments - Unrealized Losses Equity Securities (Details) - USD ($)	12 Months Ended
	Jul. 02, 2017	Jul. 03, 2016
12 Months or greater Unrealized loss	$ (4,298)	$ (5,804)
Total Fair Value	5,299	41
Total Unrealized loss	(4,298)	(5,804)
Less than 12 months Fair Value
Less than 12 months Unrealized loss
12 Months or greater Fair Value	$ 5,229	$ 41

Note 3 - Investments - Telecomm

Note 3 - Investments - Telecommunications Stocks Held (Details)	Jul. 02, 2017shares
ATT [Member]
Investment (in shares)	82,112
Manulife [Member]
Investment (in shares)	2,520
NCR [Member]
Investment (in shares)	774
Teradata [Member]
Investment (in shares)	774
Vodafone [Member]
Investment (in shares)	6,471
Century Link [Member]
Investment (in shares)	4,398
Frontier Communications [Member]
Investment (in shares)	4,508
Sprint [Member]
Investment (in shares)	40,000
Verizon [Member]
Investment (in shares)	31,904
Windstream [Member]
Investment (in shares)	679
CSAL [Member]
Investment (in shares)	815

Note 3 - Investments - Fair Val

Note 3 - Investments - Fair Value Hierarchy (Details) - USD ($)	12 Months Ended
	Jul. 02, 2017	Jul. 03, 2016
Available-for-sale Securities, Gross Unrealized Gain (Loss)	$ (821,015)	$ 878,083
Cumulative Unrealized Gain (Loss)	4,009,652	4,824,836
Equity Securities [Member]
Fair Value Hierarchy	5,272,318	6,001,841
Available-for-sale Securities, Gross Unrealized Gain (Loss)	(729,508)	811,454
Cumulative Unrealized Gain (Loss)	3,992,404	4,716,081
Mutual Fund [Member]
Fair Value Hierarchy	2,817,392	2,822,615
Available-for-sale Securities, Gross Unrealized Gain (Loss)	(91,507)	66,629
Cumulative Unrealized Gain (Loss)	17,248	108,755
Certificates of Deposit [Member]
Fair Value Hierarchy	133,922	484,558
Available-for-sale Securities, Gross Unrealized Gain (Loss)
Cumulative Unrealized Gain (Loss)
Fair Value, Inputs, Level 1 [Member]
Fair Value Hierarchy	8,089,710	8,824,456
Fair Value, Inputs, Level 1 [Member] | Equity Securities [Member]
Fair Value Hierarchy	5,272,318	6,001,841
Fair Value, Inputs, Level 1 [Member] | Mutual Fund [Member]
Fair Value Hierarchy	2,817,392	2,822,615
Fair Value, Inputs, Level 1 [Member] | Certificates of Deposit [Member]
Fair Value Hierarchy
Fair Value, Inputs, Level 2 [Member]
Fair Value Hierarchy	133,922	484,558
Fair Value, Inputs, Level 2 [Member] | Equity Securities [Member]
Fair Value Hierarchy
Fair Value, Inputs, Level 2 [Member] | Mutual Fund [Member]
Fair Value Hierarchy
Fair Value, Inputs, Level 2 [Member] | Certificates of Deposit [Member]
Fair Value Hierarchy	133,922	484,558
Fair Value, Inputs, Level 3 [Member]
Fair Value Hierarchy
Fair Value, Inputs, Level 3 [Member] | Equity Securities [Member]
Fair Value Hierarchy
Fair Value, Inputs, Level 3 [Member] | Mutual Fund [Member]
Fair Value Hierarchy
Fair Value, Inputs, Level 3 [Member] | Certificates of Deposit [Member]
Fair Value Hierarchy

Note 4 - Land, Buildings, and32

Note 4 - Land, Buildings, and Equipment (Details Textual) - USD ($)	12 Months Ended
	Jul. 02, 2017	Jul. 03, 2016
Depreciation, Depletion and Amortization	$ 973,849	$ 1,153,121
Building and Equipment [Member]
Depreciation, Depletion and Amortization	$ 973,849	$ 1,153,121

Note 4 - Land, Buildings, and33

Note 4 - Land, Buildings, and Equipment - Land, Buildings, and Equipment At Cost (Details) - USD ($)	Jul. 02, 2017	Jul. 03, 2016
Land	$ 10,510,308	$ 10,516,607
Buildings	18,666,152	18,666,152
Leasehold and building improvements	8,168,717	8,068,521
Total Land, Buildings, and Equipment	59,839,387	60,511,399
Less accumulated depreciation and amortization	40,978,609	40,987,543
Land, Buildings, and Equipment, net	18,860,778	19,523,856
Bowling Lanes and Equipment [Member]
Other Property, Plant, and Equipment	22,418,775	22,429,142
Amusement Games [Member]
Other Property, Plant, and Equipment	17,519	726,471
Bowling Lanes and Equipment Not Yet in Use [Member]
Other Property, Plant, and Equipment	$ 57,916	$ 104,506

Note 5 - Commitments and Cont34

Note 5 - Commitments and Contingencies (Details Textual)	Jul. 02, 2017
Capital Leased Assets, Number of Units	2

Note 5 - Commitments and Cont35

Note 5 - Commitments and Contingencies - Minimum Lease Commitments (Details)	Jul. 02, 2017USD ($)
2,018	$ 318,000
2,019	318,000
2,020	33,834
Total minimum lease payments	$ 669,834

Note 5 - Commitments and Cont36

Note 5 - Commitments and Contingencies - Net Rent Expense (Details) - USD ($)	12 Months Ended
	Jul. 02, 2017	Jul. 03, 2016
Minimum rent under operating leases	$ 318,000	$ 318,000
Net rent expense	$ 318,000	$ 318,000

Note 6 - Profit-sharing and E37

Note 6 - Profit-sharing and ESOP Plan (Details Textual)	12 Months Ended
	Jul. 02, 2017USD ($)	Jul. 03, 2016USD ($)
Defined Contribution Plan Number of Plans	2
Defined Contribution Plan Service Requirement	1 year
Defined Contribution Plan, Employer Discretionary Contribution Amount	$ 90,000	$ 75,000
Employee Stock Ownership Plan (ESOP), Cash Contributions to ESOP	$ 90,000	$ 75,000

Note 7 - Income Taxes (Details

Note 7 - Income Taxes (Details Textual) $ in Thousands	12 Months Ended
	Jul. 02, 2017USD ($)
Unrecognized Tax Benefits	$ 0
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	$ 0
Open Tax Year	2,013

Note 7 - Income Taxes - Deferre

Note 7 - Income Taxes - Deferred Tax Asset Components (Details) - USD ($)	Jul. 02, 2017	Jul. 03, 2016
Other	$ 8,162
Total deferred tax assets	8,162
Land, buildings, and equipment	521,818	596,688
Unrealized gain on available-for-sale securities	1,529,585	1,840,861
Prepaid expenses and other	(15,582)	(24,725)
Total deferred tax liabilities	2,035,821	2,412,824
Net deferred income taxes	$ 2,027,659	$ 2,412,824

Note 7 - Income Taxes - Income

Note 7 - Income Taxes - Income Tax Reconciliation (Details)	12 Months Ended
	Jul. 02, 2017	Jul. 03, 2016
Taxes computed at statutory rate	34.00%	34.00%
State income taxes, net of Federal income tax benefit	3.20%	4.10%
Dividends received exclusion	(1.80%)	(2.10%)
All other net	(1.00%)	(1.00%)
Net effective rate	34.40%	35.00%

Note 8 - Stockholders' Equity (

Note 8 - Stockholders' Equity (Details Textual)	12 Months Ended
	Jul. 02, 2017USD ($)	Jul. 03, 2016USD ($)
Due from Employees	$ 34,799	$ 34,799
Loans to Employees Term Length	3 years
Minimum [Member]
Loans to Employees Stated Percentage Rate	2.00%	2.00%
Maximum [Member]
Loans to Employees Stated Percentage Rate	2.50%	2.50%
Common Class A [Member]
Common Stock Voting Rights Vote Per Share	1
Common Class B [Member]
Common Stock Voting Rights Vote Per Share	10

Note 9 - Deferred Compensation

Note 9 - Deferred Compensation (Details Textual) - USD ($)	Jul. 02, 2017	Jul. 03, 2016
Deferred Compensation Liability, Current and Noncurrent	$ 24,639	$ 29,915
Deferred Compensation Liability, Current	$ 6,226	$ 6,295