Nathan's Famous (NATH) 10-Q 7 Feb 20 2020 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Dec. 29, 2019	Feb. 07, 2020
Document Information [Line Items]
Entity Registrant Name	NATHANS FAMOUS INC
Entity Central Index Key	0000069733
Trading Symbol	nath
Current Fiscal Year End Date	--03-29
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Common Stock, Shares Outstanding (in shares)		4,213,320
Entity Shell Company	false
Document Type	10-Q
Document Period End Date	Dec. 29, 2019
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Amendment Flag	false
Title of 12(b) Security	Common Stock, par value $.01 per share
Entity Interactive Data Current	Yes

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Dec. 29, 2019	Mar. 31, 2019
CURRENT ASSETS
Cash and cash equivalents (Note F)	$ 77,395,000	$ 75,446,000
Accounts and other receivables, net (Note H)	10,436,000	10,173,000
Inventories	599,000	535,000
Prepaid expenses and other current assets (Note I)	962,000	1,007,000
Total current assets	89,392,000	87,161,000
Property and equipment, net of accumulated depreciation of $9,481 and $8,611, respectively	4,365,000	4,889,000
Operating lease assets (Note P)	9,274,000
Goodwill	95,000	95,000
Intangible asset, net	1,297,000	1,353,000
Deferred income taxes	52,000	343,000
Other assets	455,000	465,000
Total assets	104,930,000	94,306,000
CURRENT LIABILITIES
Current portion of operating lease liabilities (Note P)	1,449,000
Accounts payable	4,434,000	5,222,000
Accrued expenses and other current liabilities (Note J)	5,470,000	9,384,000
Deferred franchise fees	278,000	318,000
Total current liabilities	11,631,000	14,924,000
Long-term debt, net of unamortized debt issuance costs of $4,032 and $4,551, respectively (Note O)	145,968,000	145,449,000
Long-term operating lease liabilities (Note P)	8,663,000
Other liabilities (Note J)	801,000	1,390,000
Deferred franchise fees	2,036,000	2,687,000
Total liabilities	169,099,000	164,450,000
COMMITMENTS AND CONTINGENCIES (Note Q)
STOCKHOLDERS’ (DEFICIT)
Common stock, $.01 par value; 30,000,000 shares authorized; 9,368,792 and 9,336,338 shares issued; and 4,213,320 and 4,194,575 shares outstanding at December 29, 2019 and March 31, 2019, respectively	94,000	93,000
Additional paid-in capital	62,101,000	60,945,000
(Accumulated deficit)	(47,076,000)	(52,879,000)
Stockholders’ equity before treasury stock	15,119,000	8,159,000
Treasury stock, at cost, 5,155,472 and 5,141,763 shares at December 29, 2019 and March 31, 2019	(79,288,000)	(78,303,000)
Total stockholders’ (deficit)	(64,169,000)	(70,144,000)
Total liabilities and stockholders’ (deficit)	$ 104,930,000	$ 94,306,000

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands	Dec. 29, 2019	Mar. 31, 2019
Property and equipment accumulated depreciation	$ 9,481	$ 8,611
Long-term debt, unamortized debt costs	$ 4,032	$ 4,551
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	30,000,000	30,000,000
Common stock, shares issued (in shares)	9,368,792	9,336,338
Common stock, shares outstanding (in shares)	4,213,320	4,194,575
Treasury stock, shares (in shares)	5,155,472	5,141,763

Consolidated Statements of Earn

Consolidated Statements of Earnings (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 29, 2019	Dec. 23, 2018	Dec. 29, 2019	Dec. 23, 2018
REVENUES
Revenues	$ 21,376	$ 20,222	$ 81,620	$ 79,720
COSTS AND EXPENSES
Cost of sales	12,262	10,660	43,973	41,266
Restaurant operating expenses	764	766	2,791	2,817
Depreciation and amortization	294	278	941	962
General and administrative expenses	3,620	3,031	11,116	10,354
Advertising fund expense	573	591	2,122	1,858
Total costs and expenses	17,513	15,326	60,943	57,257
Income from operations	3,863	4,896	20,677	22,463
Gain on disposal of property and equipment		10,821		11,177
Interest expense	(2,650)	(2,650)	(7,951)	(7,951)
Interest income	338	277	1,074	453
Other income, net	22	5	61	189
Income before provision for income taxes	1,573	13,349	13,861	26,331
Provision for income taxes	360	3,627	3,621	7,330
Net income	$ 1,213	$ 9,722	$ 10,240	$ 19,001
Weighted average shares used in computing income per share:
Basic (in shares)	4,225,000	4,187,000	4,219,000	4,187,000
Diluted (in shares)	4,225,000	4,221,000	4,219,000	4,226,000
Income per share:
Basic (in dollars per share)	$ 0.29	$ 2.32	$ 2.43	$ 4.54
Diluted (in dollars per share)	0.29	2.30	2.43	4.50
Dividends declared per share (in dollars per share)	$ 0.35	$ 0.25	$ 1.05	$ 0.75
Product [Member]
REVENUES
Revenues	$ 15,356	$ 14,404	$ 57,699	$ 56,448
License [Member]
REVENUES
Revenues	4,412	4,316	18,559	18,160
Franchise Fees and Royalties [Member]
REVENUES
Revenues	1,035	911	3,610	3,254
Advertising Fund Revenue [Member]
REVENUES
Revenues	$ 573	$ 591	$ 1,752	$ 1,858

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' (Deficit) (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Total
Balance (in shares) at Mar. 25, 2018	9,311,922			5,127,373
Balance at Mar. 25, 2018	$ 93,000	$ 60,823,000	$ (68,181,000)	$ (77,303,000)	$ (84,568,000)
Repurchase of common stock (in shares)				14,390
Repurchase of common stock				$ (1,000,000)	(1,000,000)
Dividends on common stock			(3,139,000)		(3,139,000)
Share-based compensation		133,000			133,000
Net income			19,001,000		19,001,000
Shares issued in connection with share-based compensation plans (in shares)	7,020
Shares issued in connection with share-based compensation plans		134,000			134,000
Withholding tax on net share settlement of share-based compensation plans		(174,000)			(174,000)
Cumulative effect of the adoption of ASC 606 at Mar. 25, 2018			(2,004,000)		(2,004,000)
Balance (in shares) at Dec. 23, 2018	9,318,942			5,141,763
Balance at Dec. 23, 2018	$ 93,000	60,916,000	(54,323,000)	$ (78,303,000)	(71,617,000)
Balance (in shares) at Sep. 23, 2018	9,318,942			5,127,373
Balance at Sep. 23, 2018	$ 93,000	60,887,000	(63,000,000)	$ (77,303,000)	(79,323,000)
Repurchase of common stock (in shares)				14,390
Repurchase of common stock				$ (1,000,000)	(1,000,000)
Dividends on common stock			(1,045,000)		(1,045,000)
Share-based compensation		29,000			29,000
Net income			9,722,000		9,722,000
Balance (in shares) at Dec. 23, 2018	9,318,942			5,141,763
Balance at Dec. 23, 2018	$ 93,000	60,916,000	(54,323,000)	$ (78,303,000)	$ (71,617,000)
Balance (in shares) at Mar. 31, 2019	9,336,338			5,141,763	4,194,575
Balance at Mar. 31, 2019	$ 93,000	60,945,000	(52,879,000)	$ (78,303,000)	$ (70,144,000)
Repurchase of common stock (in shares)				13,709	13,709
Repurchase of common stock				$ (985,000)	$ (985,000)
Dividends on common stock			(4,437,000)		(4,437,000)
Share-based compensation		87,000			87,000
Net income			10,240,000		10,240,000
Shares issued in connection with share-based compensation plans (in shares)	32,454
Shares issued in connection with share-based compensation plans	$ 1,000	1,077,000			1,078,000
Withholding tax on net share settlement of share-based compensation plans		(8,000)			$ (8,000)
Balance (in shares) at Dec. 29, 2019	9,368,792			5,155,472	4,213,320
Balance at Dec. 29, 2019	$ 94,000	62,101,000	(47,076,000)	$ (79,288,000)	$ (64,169,000)
Balance (in shares) at Sep. 29, 2019	9,368,792			5,141,763
Balance at Sep. 29, 2019	$ 94,000	62,072,000	(46,810,000)	$ (78,303,000)	(62,947,000)
Repurchase of common stock (in shares)				13,709
Repurchase of common stock				$ (985,000)	(985,000)
Dividends on common stock			(1,479,000)		(1,479,000)
Share-based compensation		29,000			29,000
Net income			1,213,000		$ 1,213,000
Balance (in shares) at Dec. 29, 2019	9,368,792			5,155,472	4,213,320
Balance at Dec. 29, 2019	$ 94,000	$ 62,101,000	$ (47,076,000)	$ (79,288,000)	$ (64,169,000)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Dec. 29, 2019	Dec. 23, 2018
Cash flows from operating activities:
Net income	$ 10,240	$ 19,001
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	941	962
(Gain) on disposal of property and equipment		(11,177)
Amortization of debt issuance costs	518	518
Share-based compensation expense	87	133
Income tax benefit on stock option exercises	228	47
Provision for doubtful accounts	7	48
Deferred income taxes	291	(27)
Non-cash rental expense	100
Changes in operating assets and liabilities:
Accounts and other receivables, net	(270)	865
Inventories	(64)	(98)
Prepaid expenses and other current assets	45	2,270
Other assets	10	(48)
Accounts payable, accrued expenses and other current liabilities	(4,930)	(5,196)
Deferred franchise fees	(691)	53
Other liabilities	150	22
Net cash provided by operating activities	6,662	7,373
Cash flows from investing activities:
Proceeds from disposal of property and equipment		12,775
Purchase of property and equipment	(361)	(326)
Net cash (used in) provided by investing activities	(361)	12,449
Cash flows from financing activities:
Dividends paid to stockholders	(4,437)	(3,289)
Proceeds from exercise of stock options	1,078	134
Payments of withholding tax on net share settlement of share-based compensation plans	(8)	(174)
Repurchase of treasury stock	(985)	(1,000)
Net cash (used in) financing activities	(4,352)	(4,329)
Net increase in cash and cash equivalents	1,949	15,493
Cash and cash equivalents, beginning of period	75,446	57,339
Cash and cash equivalents, end of period	77,395	72,832
Cash paid during the period for:
Interest	9,938	9,936
Income taxes paid	$ 3,269	$ 2,658
Noncash financing activity:
Dividends declared per share (in dollars per share)	$ 1.05	$ 0.75

Note A - Basis of Presentation

Note A - Basis of Presentation	9 Months Ended
	Dec. 29, 2019
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	NOTE A - BASIS OF PRESENTATION The accompanying consolidated financial statements of Nathan's Famous, Inc. and subsidiaries (collectively “Nathan’s,” the “Company,” “we,” “us” or “our”) as of and for the thirteen thirty-nine December 29, 2019 December 23, 2018 not Certain information and footnote disclosures normally included in financial statements in accordance with accounting principles generally accepted in the United States of America have been omitted pursuant to the requirements of the Securities and Exchange Commission. We have reclassified certain prior period items in the Consolidated Statement of Cash Flows in the thirty-nine December 23, 2018 March 31, 2019. no not 10 March 31, 2019. A summary of the Company’s significant accounting policies is identified in Note B of the Notes to Consolidated Financial Statements included in the Company’s Annual Report on Form 10 March 31, 2019.

Note B - Adoption of New Accoun

Note B - Adoption of New Accounting Standards	9 Months Ended
	Dec. 29, 2019
Notes to Financial Statements
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	NOTE B – ADOPTION OF NEW ACCOUNTING STANDARDS Leases In February 2016, 842, first 2020 April 1, 2019 not The new standard provides for a number of practical expedients upon adoption. The Company elected the package of practical expedients, which permits the Company not not not As a result of adopting this new guidance on the first 2020, $7,804,000 $8,533,000, first 2020. The effects of the changes made to the Company's consolidated balance sheet as of April 1, 2019 Balance at March 31, 2019 Adjustments due to adoption of the new lease guidance Reclassifications Balance at April 1, 2019 Other Assets Operating lease assets - 7,804 - 7,804 Other assets 465 - 31 496 Current Liabilities Current portion of operating lease liabilities - 1,162 - 1,162 Long Term Liabilities Long-term operating lease liabilities - 7,371 - 7,371 Other liabilities 1,390 (729 ) 31 692 The adoption of the new guidance is non-cash in nature and had no See Note P

Note C - New Accounting Standar

Note C - New Accounting Standards Not Yet Adopted	9 Months Ended
	Dec. 29, 2019
Notes to Financial Statements
Description of New Accounting Pronouncements Not yet Adopted [Text Block]	NOTE C – NEW ACCOUNTING STANDARDS NOT In June 2016, November 2019, December 15, 2022. first June 2023) March 31, 2024. In January 2017, second not December 15, 2019. first June 2020) March 28, 2021. not In December 2019, 2019 12, Income Taxes (Topic 740 2019 12 740 2019 12 December 15, 2020. first June 2021) March 27, 2022. The Company does not not

Note D - Revenues

Note D - Revenues	9 Months Ended
	Dec. 29, 2019
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	NOTE D – REVENUES The Company’s disaggregated revenues for the thirteen thirty-nine December 29, 2019 December 23, 2018 Thirteen weeks ended Thirty-nine weeks ended Dec ember 2 9 , 201 9 December 23, 2018 December 29, 2019 December 23, 2018 Branded Products $ 13,694 $ 12,453 $ 45,989 $ 44,308 Company-operated restaurants 1,662 1,951 11,710 12,140 Total sales 15,356 14,404 57,699 56,448 License royalties 4,412 4,316 18,559 18,160 Franchise royalties 802 805 2,829 2,906 Franchise fees 233 106 781 348 Total franchise fees and royalties 1,035 911 3,610 3,254 Advertising fund revenue 573 591 1,752 1,858 Total revenues $ 21,376 $ 20,222 $ 81,620 $ 79,720 The following table disaggregates revenues by primary geographical market (in thousands): Thirteen weeks ended Thirty-nine weeks ended December 29 , 201 9 December 23, 2018 December 29 , 201 9 December 23, 2018 United States $ 20,308 $ 19,546 $ 77,930 $ 77,022 International 1,068 676 3,690 2,698 Total revenues $ 21,376 $ 20,222 $ 81,620 $ 79,720 Contract balances The following table provides information about contract liabilities (Deferred franchise fees) from contracts with customers (in thousands): Dec ember 29 , 2019 March 31, 2019 Deferred franchise fees (a) $ 2,314 $ 3,005 (a) Deferred franchise fees of $278 $2,036 December 29, 2019 $318 $2,687 March 31, 2019 Significant changes in Deferred franchise fees are as follows (in thousands): Thirty-nine weeks ended Dec ember 29, 2019 December 23, 2018 Deferred franchise fees at beginning of period 3,005 3,139 (a) Revenue recognized during the period (781 ) (348 ) New deferrals due to cash received and other 90 828 Deferred franchise fees at end of period $ 2,314 $ 3,619 (a) Includes the cumulative effect of adopting Topic 606 $2,735. Anticipated Future Recognition of Deferred Franchise Fees The following table reflects the estimated franchise fees to be recognized in the future related to performance obligations that are unsatisfied at the end of the period (in thousands): Estimate for fiscal year 2020 (a) $ 71 2021 276 2022 266 2023 242 2024 231 Thereafter 1,228 Total $ 2,314 (a) Represents franchise fees expected to be recognized for the remainder of the 2020 one not $781 thirty-nine December 29, 2019. We have applied the optional exemption, as provided for under Topic 606, not

Note E - Income Per Share

Note E - Income Per Share	9 Months Ended
	Dec. 29, 2019
Notes to Financial Statements
Earnings Per Share [Text Block]	NOTE E – INCOME PER SHARE Basic income per common share is calculated by dividing income by the weighted-average number of common shares outstanding and excludes any dilutive effect of stock options. Diluted income per common share gives effect to all potentially dilutive common shares that were outstanding during the period. Dilutive common shares used in the computation of diluted income per common share result from the assumed exercise of stock options and warrants, as determined using the treasury stock method. The following chart provides a reconciliation of information used in calculating the per-share amounts for the thirteen thirty-nine December 29, 2019 December 23, 2018, Thirteen weeks Net Income Net Income Number of Shares Per Share 201 9 2018 201 9 2018 201 9 2018 (in thousands) (in thousands) Basic EPS Basic calculation $ 1,213 $ 9,722 4,225 4,187 $ 0.29 $ 2.32 Effect of dilutive employee stock options - - - 34 - (0.02 ) Diluted EPS Diluted calculation $ 1,213 $ 9,722 4,225 4,221 $ 0.29 $ 2.30 T hirty-nine weeks Net Income Net Income Number of Shares Per Share 201 9 2018 201 9 2018 201 9 2018 (in thousands) (in thousands) Basic EPS Basic calculation $ 10,240 $ 19,001 4,219 4,187 $ 2.43 $ 4.54 Effect of dilutive employee stock options - - - 39 - (0.04 ) Diluted EPS Diluted calculation $ 10,240 $ 19,001 4,219 4,226 $ 2.43 $ 4.50 Options to purchase 10,000 thirteen thirty-nine December 29, 2019 not

Note F - Cash and Cash Equivale

Note F - Cash and Cash Equivalents	9 Months Ended
	Dec. 29, 2019
Notes to Financial Statements
Cash and Cash Equivalents Disclosure [Text Block]	NOTE F – CASH AND CASH EQUIVALENTS The Company considers all highly liquid instruments purchased with an original maturity of three December 29, 2019 March 31, 2019 $20,000,000

Note G - Fair Value Measurement

Note G - Fair Value Measurements	9 Months Ended
	Dec. 29, 2019
Notes to Financial Statements
Fair Value Disclosures [Text Block]	NOTE G – FAIR VALUE MEASUREMENTS Nathan’s follows a three three ● Level 1 ● Level 2 ● Level 3 The face value and fair value of long-term debt as of December 29, 2019 March 31, 2019 Dec ember 29 , 2019 March 31, 2019 Face value Fair value Face Value Fair value Long-term debt $ 150,000 $ 153,375 $ 150,000 $ 145,688 The Company estimates the fair value of its long-term debt based upon review of observable pricing in secondary markets as of the last trading day of the fiscal period. Accordingly, the Company classifies its long-term debt as Level 2. The carrying amounts of cash and cash equivalents, accounts receivable and accounts payable approximate fair value due to the short-term maturity of the instruments. Certain non-financial assets and liabilities are measured at fair value on a non-recurring basis; that is, the assets and liabilities are not December 29, 2019, no

Note H - Accounts and Other Rec

Note H - Accounts and Other Receivables, Net	9 Months Ended
	Dec. 29, 2019
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	NOTE H – ACCOUNTS AND OTHER RECEIVABLES, NET Accounts and other receivables, net, consist of the following (in thousands): Dec ember 2 9 , March 31, 201 9 2019 Branded product sales $ 8,094 $ 7,432 Franchise and license royalties 2,052 2,661 Other 788 665 10,934 10,758 Less: allowance for doubtful accounts 498 585 Accounts and other receivables, net $ 10,436 $ 10,173 Accounts receivable are due within 30 not not The Company individually reviews each past due account and determines its allowance for doubtful accounts by considering a number of factors, including the length of time accounts receivable are past due, the Company’s previous loss history, the customer’s current and expected future ability to pay its obligation to the Company, the condition of the general economy and the industry as a whole. Based on management’s assessment, the Company provides for estimated uncollectible amounts through a charge to earnings. After the Company has used reasonable collection efforts, it writes off accounts receivable through a charge to the allowance for doubtful accounts. Changes in the Company’s allowance for doubtful accounts for the thirty-nine December 29, 2019 March 31, 2019 December 29 , 20 19 March 31, 2019 Beginning balance $ 585 $ 468 Reclassification to conform with Topic 606 - 77 Bad debt expense 7 100 Accounts written off (94 ) (60 ) Ending balance $ 498 $ 585

Note I - Prepaid Expenses and O

Note I - Prepaid Expenses and Other Current Assets	9 Months Ended
	Dec. 29, 2019
Notes to Financial Statements
Other Current Assets [Text Block]	NOTE I – PREPAID EXPENSES AND OTHER CURRENT ASSETS Prepaid expenses and other current assets consist of the following (in thousands): December 29 , March 31, 201 9 2019 Income taxes $ 113 $ 106 Insurance 218 244 Other 631 657 Total prepaid expenses and other current assets $ 962 $ 1,007

Note J - Accrued Expenses, Othe

Note J - Accrued Expenses, Other Current Liabilities and Other Liabilities	9 Months Ended
	Dec. 29, 2019
Notes to Financial Statements
Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]	NOTE J – ACCRUED EXPENSES, OTHER CURRENT LIABILITIES AND OTHER LIABILITIES Accrued expenses and other current liabilities consist of the following (in thousands): December 29 , March 31, 201 9 2019 Payroll and other benefits $ 2,501 $ 3,150 Accrued rebates 689 770 Rent and occupancy costs 107 113 Deferred revenue 23 807 Construction costs 61 58 Interest 1,606 4,111 Professional fees 205 146 Sales, use and other taxes 36 27 Other 242 202 Total accrued expenses and other current liabilities $ 5,470 $ 9,384 Other liabilities consist of the following (in thousands): December 29, March 31, 2019 2019 Reserve for uncertain tax positions $ 565 $ 496 Deferred rental liability - 670 Other 236 224 Total other liabilities $ 801 $ 1,390

Note K - Income Taxes

Note K - Income Taxes	9 Months Ended
	Dec. 29, 2019
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE K – INCOME TAXES The income tax provisions for the thirty-nine December 29, 2019 December 23, 2018 26.1% 27.8%, Nathan’s effective tax rates for the thirty-nine December 29, 2019 December 23, 2018 1.6% 0.2%, thirty-nine December 29, 2019 December 23, 2018, $228,000 $47,000, 27.8% 2020 28.0% 2019 The amount of unrecognized tax benefits at December 29, 2019 $300,000 December 29, 2019, $269,000 In November 2019, March 2016, 2017, 2018

Note L - Segment Information

Note L - Segment Information	9 Months Ended
	Dec. 29, 2019
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	NOTE L – SEGMENT INFORMATION Nathan’s considers itself to be a brand marketer of the Nathan’s Famous signature products to the foodservice industry pursuant to its various business structures. Nathan’s sells its products directly to consumers through its restaurant operations segment consisting of Company-operated and franchised restaurants, to distributors that resell our products to the foodservice industry through the Branded Product Program (“BPP”) and by third not Branded Product Program Product licensing Restaurant operations Revenues from operating segments are from transactions with unaffiliated third not Income from operations attributable to Corporate consists principally of administrative expenses not Interest expense, interest income, gain on disposal of property and equipment, and other income, net, are managed centrally at the corporate level, and, accordingly, such items are not Operating segment information is as follows (in thousands): Thirteen weeks ended Thirty-nine weeks ended December 2 9 , 201 9 December 23, 2018 December 2 9 , 201 9 December 23, 2018 Revenues Branded Product Program $ 13,694 $ 12,453 $ 45,989 $ 44,308 Product licensing 4,412 4,316 18,559 18,160 Restaurant operations 2,697 2,862 15,320 15,394 Corporate (1) 573 591 1,752 1,858 Total revenues $ 21,376 $ 20,222 $ 81,620 $ 79,720 Income from operations Branded Product Program $ 1,917 $ 2,464 $ 6,244 $ 7,725 Product licensing 4,367 4,270 18,423 18,023 Restaurant operations (599 ) (112 ) 2,254 2,733 Corporate (1,822 ) (1,726 ) (6,244 ) (6,018 ) Income from operations $ 3,863 $ 4,896 $ 20,677 $ 22,463 Gain on disposal of property and equipment - 10,821 - 11,177 Interest expense (2,650 ) (2,650 ) (7,951 ) (7,951 ) Interest income 338 277 1,074 453 Other income, net 22 5 61 189 Income before provision for income taxes $ 1,573 $ 13,349 $ 13,861 $ 26,331 ( 1 Represents advertising fund revenue

Note M - Share-based Compensati

Note M - Share-based Compensation	9 Months Ended
	Dec. 29, 2019
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	NOTE M– SHARE-BASED COMPENSATION Total share-based compensation during the thirteen December 29, 2019 December 23, 2018 $29,000 $29,000, thirty-nine December 29, 2019 December 23, 2018 $87,000 $133,000, December 29, 2019, $198,000 twenty The Company recognizes compensation cost for unvested stock-based incentive awards on a straight-line basis over the requisite service period. Compensation cost charged to expense under all stock-based incentive awards is as follows (in thousands): Thirteen weeks ended Thirty-nine weeks ended December 2 9 , 201 9 December 23, 2018 December 2 9 , 201 9 December 23, 2018 Stock options $ 21 $ 21 $ 64 $ 81 Restricted stock 8 8 23 52 Total compensation cost $ 29 $ 29 $ 87 $ 133 Stock options: There were no thirty-nine December 29, 2019. During the fiscal year ended March 31, 2019, 10,000 $89.90 five three September 12, 2019. Transactions with respect to stock options for the thirty-nine December 29, 2019 Weighted- Weighted- Aggregate Average Average Intrinsic Exercise Remaining Value Shares Price Contractual Life (in thousands) Options outstanding at March 31, 2019 fiscal year (A) 42,234 $ 46.807 1.32 $ 1,127 Granted - - - - Exercised (32,234 ) $ 33.438 - 1,134 Options outstanding at December 29, 2019 10,000 $ 89.90 3.70 - Options exercisable at December 29, 2019 3,333 $ 89.90 3.70 - A- Represents outstanding options after giving effect to the replacement options issued in connection with the Company’s special dividend to shareholders of record on December 22, 2017. Restricted stock: Transactions with respect to restricted stock for the thirty-nine December 29, 2019 Weighted- Average Grant-date Fair value Shares Per share Unvested restricted stock at March 31, 2019 1,000 $ 89.90 Granted - - Vested (333 ) $ 89.90 Unvested restricted stock at December 29, 2019 667 $ 89.90

Note N - Stockholders' Equity

Note N - Stockholders' Equity	9 Months Ended
	Dec. 29, 2019
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	NOTE N– STOCKHOLDERS’ EQUITY 1. Dividend s Effective June 14, 2019, first $0.35 2020, $1,479,000, June 28, 2019 June 24, 2019. Effective August 9, 2019, second $0.35 $1,479,000, September 6, 2019 August 26, 2019. Effective November 8, 2019, third $0.35 $1,479,000, December 6, 2019 November 25, 2019. Effective February 7, 2020, fourth $0.35 March 6, 2020 February 24, 2020. Our ability to pay future dividends is limited by the terms of the Indenture with U.S. Bank National Association, as trustee and collateral trustee (see Note O). In addition to the terms of the Indenture, the declaration and payment of any cash dividends in the future are subject to final determination of the Board and will be dependent upon our earnings and financial requirements. 2. Stock Incentive Plans On September 13, 2012, 2010 “2010 250,000 2010 may 2010 3.2 1 On September 18, 2019, 2019 “2019 2019 July 1, 2020 ( no 2010 2010 2010 2019 2019 Once effective, we will be able to issue up to: (a) 369,584 2019 not 2010 July 1, 2020 208,584 July 1, 2020 11,000 December 29, 2019, 208,584 184,808 may 2010 3. Stock Repurchase Pr ogram During the period from October 2001 December 29, 2019, 5,155,472 $79,288,000 thirty-nine December 29, 2019, 13,709 $985,000. In 2016, sixth 1,200,000 December 29, 2019, 967,841 $31,627,000 sixth December 29, 2019, 232,159 sixth not may no

Note O - Long-term Debt

Note O - Long-term Debt	9 Months Ended
	Dec. 29, 2019
Notes to Financial Statements
Debt Disclosure [Text Block]	NOTE O – LONG-TERM DEBT Long-term debt consists of the following (in thousands): Dec ember 2 9 , March 31, 201 9 2019 6.625% Senior Secured Notes due 2025 $ 150,000 $ 150,000 Less: unamortized debt issuance costs (4,032 ) (4,551 ) Long-term debt, net $ 145,968 $ 145,449 On November 1, 2017, $150,000,000 6.625% 2025 "2025 144A 1933, 2025 November 1, 2017 2025 $135,000,000 10.000% 2020 $5.00 $5.00 November 16, 2017. The 2025 6.625% May 1 st November 1 st $4,968,750 May 1, 2019 November 1, 2019. The 2025 no November 1, 2025. A summary of certain terms and conditions of the 2025 not There are no 2025 December 29, 2019, 2025 The Indenture contains certain covenants limiting the Company’s ability and the ability of its restricted subsidiaries (as defined in the Indenture) to, subject to certain exceptions and qualifications: (i) incur additional indebtedness; (ii) pay dividends or make other distributions on, redeem or repurchase, capital stock; (iii) make investments or other restricted payments; (iv) create or incur certain liens; (v) incur restrictions on the payment of dividends or other distributions from its restricted subsidiaries; (vi) enter into certain transactions with affiliates; (vii) sell assets; or (viii) effect a consolidation or merger. Certain Restricted Payments which may may Fixed Charge Coverage Ratio 2.0 1.0 may may may Priority Secured Leverage Ratio 0.40 1.00 Secured Leverage Ratio 3.75 1.00 2025 The Indenture also contains customary events of default, including, among other things, failure to pay interest, failure to comply with agreements related to the Indenture, failure to pay at maturity or acceleration of other indebtedness, failure to pay certain judgments, and certain events of insolvency or bankruptcy. Generally, if any event of default occurs, the Trustee or the holders of at least 25% 2025 may 2025 2025 The 2025 pari passu not not 2025 2025 Pursuant to the terms of a collateral trust agreement, the liens securing the 2025 The 2025 ● senior in right of payment to all of the Company and the guarantors’ future subordinated indebtedness; ● effectively senior to all unsecured senior indebtedness to the extent of the value of the collateral securing the 2025 ● pari passu ● effectively junior to any future credit facility to the extent of the value of the collateral securing any future credit facility and the 2025 ● effectively junior to any of the Company and the guarantors’ existing and future indebtedness that is secured by assets other than the collateral securing the 2025 ● structurally subordinated to the indebtedness of any of the Company’s current and future subsidiaries that do not 2025 The Company may 2025 November 1, 2020, 100% 2025 1% 2025 2025 November 1, 2020 2025 November 1, 2020 ( 50 2025 Prior to November 1, 2020, 35% 2025 106.625% 2025 On or after November 1, 2020, may 2025 YEAR PERCENTAGE On or after November 1, 2020 and prior to November 1, 2021 103.313 % On or after November 1, 2021 and prior to November 1, 2022 101.656 % On or after November 1, 2022 100.000 % In certain circumstances involving a change of control, the Company will be required to make an offer to repurchase all or, at the holder’s option, any part, of each holder’s 2025 101% 2025 If the Company sells certain assets and does not 2025 100% The 2025 may 144A 2025

Note P - Leases

Note P - Leases	9 Months Ended
	Dec. 29, 2019
Notes to Financial Statements
Leases, Disclosure [Text Block]	NOTE P – LEASES The Company is party as lessee to various leases for its Company-operated restaurants and lessee/sublessor to one Determination of Whether a Contract Contains a Lease We determine if an arrangement is a lease at inception or modification of a contract, and classify each lease as either an operating or finance lease at commencement. The Company only reassesses lease classification subsequent to commencement upon a change to the expected lease term or the contract being modified. Operating leases represent the Company’s right to use an underlying asset as lessee for the lease term, and lease obligations represent the Company’s obligation to make lease payments arising from the lease. A contract contains a lease if the contract conveys the right to control the use of the identified property, plant or equipment for a period of time in exchange for consideration. At commencement, contracts containing a lease are further evaluated for classification as an operating lease or finance lease where the Company is a lessee, or as an operating, sales-type or direct financing lease where the Company is a lessor, based on their terms. ROU Model and Determination of Lease Term The Company uses the ROU model to account for leases where the Company is the lessee, which requires an entity to recognize a lease liability and ROU asset on the lease commencement date. A lease liability is measured equal to the present value of the remaining lease payments over the lease term and is discounted using the incremental borrowing rate, as the rate implicit in the Company’s leases is not Operating leases For operating leases, minimum lease payments or receipts, including minimum scheduled rent increases, are recognized as rent expense where the Company is a lessee, or income where the Company is a lessor, as applicable, on a straight-line basis (“Straight-Line Rent”) over the applicable lease terms. There is a period under certain lease agreements referred to as a rent holiday (“Rent Holiday”) that generally begins on the possession date and ends on the rent commencement date. During a Rent Holiday, no $32,000 December 29, 2019. Lease cost for operating leases is recognized on a straight-line basis and includes the amortization of the ROU asset and interest expense relating to the operating lease liability. Variable lease cost for operating leases include Contingent Rent and payments for executory costs such as real estate taxes, insurance and common area maintenance, which are excluded from the measurement of the lease liability. Short-term lease cost for operating leases includes rental expense for leases with a term of less than 12 12 not 1 2 3 Rental income for operating leases on properties subleased to franchisees is recorded to “Other income, net.” Significant Assumptions and Judgement Management makes certain estimates and assumptions regarding each new lease and sublease agreement, renewal and amendment, including, but not 1 2 3 4 Company as lessee The components of the net lease cost for the thirteen thirty-nine December 29, 2019 Th irteen weeks ended T hir ty- nine weeks ended Dec ember 29 , 2019 Dec ember 29 , 2019 Statement of Earnings Operating lease cost $ 339 $ 899 Short term lease cost 4 14 Variable lease cost 280 1,240 Less: Sublease income, net (22 ) (63 ) Total net lease cost (a) $ 601 $ 2,090 (a) The thirteen thirty-nine December 29, 2019 $470, $1,679, $153 $474 $22 $63 Cash paid for amounts included in the measurement of lease liabilities were as follows (in thousands): T hirteen week s ended T hirty-nine week s ended December 29 , 2019 December 29 , 2019 Operating cash flows from operating leases $ 60 $ 351 On November 29, 2019, December 1, 2019 ( eight 8 November 30, 2027. $1,911,000 The weighted average remaining lease term and weighted-average discount rate for operating leases as of December 29, 2019 Weighted average remaining lease term (years): Operating leases 8.3 Weighted average discount rate: Operating leases 8.870 % Future lease commitments to be paid and received by the Company as of December 29, 2019 Payments Receipts Operating Leases Subleases Net Leases Fiscal year: 2020 (a) $ 247 $ 38 $ 209 2021 1,577 245 1,332 2022 1,831 247 1,584 2023 1,844 168 1,676 2024 1,774 169 1,605 Thereafter 7,153 521 6,632 Total lease commitments $ 14,426 $ 1,388 $ 13,038 Less: Amount representing interest 4,314 Present value of lease liabilities (b) $ 10,112 (a) Represents the remainder of fiscal year 2020 thirty-nine December 29, 2019. (b) The present value of minimum operating lease payments of $1,449 $8,663 Future lease commitments to be paid and received by the Company as of March 31, 2019 Payments Receipts Operating Leases Subleases Net Leases Fiscal year: 2020 $ 1,162 $ 273 $ 889 2021 1,249 270 979 2022 1,503 272 1,231 2023 1,520 168 1,352 2024 1,453 169 1,284 Thereafter 5,868 521 5,347 Total lease commitments $ 12,755 $ 1,673 $ 11,082 Company as lessor The components of lease income for the thirteen thirty-nine December 29, 2019 Thirteen weeks ended T hir ty- nine weeks ended Dec ember 29, 2019 December 29, 2019 Operating lease income, net $ 22 $ 63

Note Q - Commitments and Contin

Note Q - Commitments and Contingencies	9 Months Ended
	Dec. 29, 2019
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	NOTE Q – COMMITMENTS AND CONTINGENCIES 1. On February 27, 2017, 10 one 5 24 first three March 2020. $217,000 not not 12 2. The Company and its subsidiaries are from time to time involved in ordinary and routine litigation. Management presently believes that the ultimate outcome of these proceedings, individually or in the aggregate, will not

Note B - Adoption of New Acco_2

Note B - Adoption of New Accounting Standards (Tables)	9 Months Ended
	Dec. 29, 2019
Notes Tables
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]	Balance at March 31, 2019 Adjustments due to adoption of the new lease guidance Reclassifications Balance at April 1, 2019 Other Assets Operating lease assets - 7,804 - 7,804 Other assets 465 - 31 496 Current Liabilities Current portion of operating lease liabilities - 1,162 - 1,162 Long Term Liabilities Long-term operating lease liabilities - 7,371 - 7,371 Other liabilities 1,390 (729 ) 31 692

Note D - Revenues (Tables)

Note D - Revenues (Tables)	9 Months Ended
	Dec. 29, 2019
Notes Tables
Disaggregation of Revenue [Table Text Block]	Thirteen weeks ended Thirty-nine weeks ended Dec ember 2 9 , 201 9 December 23, 2018 December 29, 2019 December 23, 2018 Branded Products $ 13,694 $ 12,453 $ 45,989 $ 44,308 Company-operated restaurants 1,662 1,951 11,710 12,140 Total sales 15,356 14,404 57,699 56,448 License royalties 4,412 4,316 18,559 18,160 Franchise royalties 802 805 2,829 2,906 Franchise fees 233 106 781 348 Total franchise fees and royalties 1,035 911 3,610 3,254 Advertising fund revenue 573 591 1,752 1,858 Total revenues $ 21,376 $ 20,222 $ 81,620 $ 79,720
Revenue from External Customers by Geographic Areas [Table Text Block]	Thirteen weeks ended Thirty-nine weeks ended December 29 , 201 9 December 23, 2018 December 29 , 201 9 December 23, 2018 United States $ 20,308 $ 19,546 $ 77,930 $ 77,022 International 1,068 676 3,690 2,698 Total revenues $ 21,376 $ 20,222 $ 81,620 $ 79,720
Contract with Customer, Asset and Liability [Table Text Block]	Dec ember 29 , 2019 March 31, 2019 Deferred franchise fees (a) $ 2,314 $ 3,005
Contract with Customer, Deferred Franchise Fees [Table Text Block]	Thirty-nine weeks ended Dec ember 29, 2019 December 23, 2018 Deferred franchise fees at beginning of period 3,005 3,139 (a) Revenue recognized during the period (781 ) (348 ) New deferrals due to cash received and other 90 828 Deferred franchise fees at end of period $ 2,314 $ 3,619
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table Text Block]	Estimate for fiscal year 2020 (a) $ 71 2021 276 2022 266 2023 242 2024 231 Thereafter 1,228 Total $ 2,314

Note E - Income Per Share (Tabl

Note E - Income Per Share (Tables)	9 Months Ended
	Dec. 29, 2019
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Thirteen weeks Net Income Net Income Number of Shares Per Share 201 9 2018 201 9 2018 201 9 2018 (in thousands) (in thousands) Basic EPS Basic calculation $ 1,213 $ 9,722 4,225 4,187 $ 0.29 $ 2.32 Effect of dilutive employee stock options - - - 34 - (0.02 ) Diluted EPS Diluted calculation $ 1,213 $ 9,722 4,225 4,221 $ 0.29 $ 2.30 T hirty-nine weeks Net Income Net Income Number of Shares Per Share 201 9 2018 201 9 2018 201 9 2018 (in thousands) (in thousands) Basic EPS Basic calculation $ 10,240 $ 19,001 4,219 4,187 $ 2.43 $ 4.54 Effect of dilutive employee stock options - - - 39 - (0.04 ) Diluted EPS Diluted calculation $ 10,240 $ 19,001 4,219 4,226 $ 2.43 $ 4.50

Note G - Fair Value Measureme_2

Note G - Fair Value Measurements (Tables)	9 Months Ended
	Dec. 29, 2019
Notes Tables
Fair Value, Liabilities Measured on Recurring Basis [Table Text Block]	Dec ember 29 , 2019 March 31, 2019 Face value Fair value Face Value Fair value Long-term debt $ 150,000 $ 153,375 $ 150,000 $ 145,688

Note H - Accounts and Other R_2

Note H - Accounts and Other Receivables, Net (Tables)	9 Months Ended
	Dec. 29, 2019
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	Dec ember 2 9 , March 31, 201 9 2019 Branded product sales $ 8,094 $ 7,432 Franchise and license royalties 2,052 2,661 Other 788 665 10,934 10,758 Less: allowance for doubtful accounts 498 585 Accounts and other receivables, net $ 10,436 $ 10,173
Financing Receivable, Current, Allowance for Credit Loss [Table Text Block]	December 29 , 20 19 March 31, 2019 Beginning balance $ 585 $ 468 Reclassification to conform with Topic 606 - 77 Bad debt expense 7 100 Accounts written off (94 ) (60 ) Ending balance $ 498 $ 585

Note I - Prepaid Expenses and_2

Note I - Prepaid Expenses and Other Current Assets (Tables)	9 Months Ended
	Dec. 29, 2019
Notes Tables
Schedule of Other Current Assets [Table Text Block]	December 29 , March 31, 201 9 2019 Income taxes $ 113 $ 106 Insurance 218 244 Other 631 657 Total prepaid expenses and other current assets $ 962 $ 1,007

Note J - Accrued Expenses, Ot_2

Note J - Accrued Expenses, Other Current Liabilities and Other Liabilities (Tables)	9 Months Ended
	Dec. 29, 2019
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	December 29 , March 31, 201 9 2019 Payroll and other benefits $ 2,501 $ 3,150 Accrued rebates 689 770 Rent and occupancy costs 107 113 Deferred revenue 23 807 Construction costs 61 58 Interest 1,606 4,111 Professional fees 205 146 Sales, use and other taxes 36 27 Other 242 202 Total accrued expenses and other current liabilities $ 5,470 $ 9,384
Schedule of Other Assets and Other Liabilities [Table Text Block]	December 29, March 31, 2019 2019 Reserve for uncertain tax positions $ 565 $ 496 Deferred rental liability - 670 Other 236 224 Total other liabilities $ 801 $ 1,390

Note L - Segment Information (T

Note L - Segment Information (Tables)	9 Months Ended
	Dec. 29, 2019
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Thirteen weeks ended Thirty-nine weeks ended December 2 9 , 201 9 December 23, 2018 December 2 9 , 201 9 December 23, 2018 Revenues Branded Product Program $ 13,694 $ 12,453 $ 45,989 $ 44,308 Product licensing 4,412 4,316 18,559 18,160 Restaurant operations 2,697 2,862 15,320 15,394 Corporate (1) 573 591 1,752 1,858 Total revenues $ 21,376 $ 20,222 $ 81,620 $ 79,720 Income from operations Branded Product Program $ 1,917 $ 2,464 $ 6,244 $ 7,725 Product licensing 4,367 4,270 18,423 18,023 Restaurant operations (599 ) (112 ) 2,254 2,733 Corporate (1,822 ) (1,726 ) (6,244 ) (6,018 ) Income from operations $ 3,863 $ 4,896 $ 20,677 $ 22,463 Gain on disposal of property and equipment - 10,821 - 11,177 Interest expense (2,650 ) (2,650 ) (7,951 ) (7,951 ) Interest income 338 277 1,074 453 Other income, net 22 5 61 189 Income before provision for income taxes $ 1,573 $ 13,349 $ 13,861 $ 26,331

Note M - Share-based Compensa_2

Note M - Share-based Compensation (Tables)	9 Months Ended
	Dec. 29, 2019
Notes Tables
Share-based Payment Arrangement, Cost by Plan [Table Text Block]	Thirteen weeks ended Thirty-nine weeks ended December 2 9 , 201 9 December 23, 2018 December 2 9 , 201 9 December 23, 2018 Stock options $ 21 $ 21 $ 64 $ 81 Restricted stock 8 8 23 52 Total compensation cost $ 29 $ 29 $ 87 $ 133
Share-based Payment Arrangement, Activity [Table Text Block]	Weighted- Weighted- Aggregate Average Average Intrinsic Exercise Remaining Value Shares Price Contractual Life (in thousands) Options outstanding at March 31, 2019 fiscal year (A) 42,234 $ 46.807 1.32 $ 1,127 Granted - - - - Exercised (32,234 ) $ 33.438 - 1,134 Options outstanding at December 29, 2019 10,000 $ 89.90 3.70 - Options exercisable at December 29, 2019 3,333 $ 89.90 3.70 -
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]	Weighted- Average Grant-date Fair value Shares Per share Unvested restricted stock at March 31, 2019 1,000 $ 89.90 Granted - - Vested (333 ) $ 89.90 Unvested restricted stock at December 29, 2019 667 $ 89.90

Note O - Long-term Debt (Tables

Note O - Long-term Debt (Tables)	9 Months Ended
	Dec. 29, 2019
Notes Tables
Schedule of Debt [Table Text Block]	Dec ember 2 9 , March 31, 201 9 2019 6.625% Senior Secured Notes due 2025 $ 150,000 $ 150,000 Less: unamortized debt issuance costs (4,032 ) (4,551 ) Long-term debt, net $ 145,968 $ 145,449
Debt Instrument Redemption [Table Text Block]	YEAR PERCENTAGE On or after November 1, 2020 and prior to November 1, 2021 103.313 % On or after November 1, 2021 and prior to November 1, 2022 101.656 % On or after November 1, 2022 100.000 %

Note P - Leases (Tables)

Note P - Leases (Tables)	9 Months Ended
	Dec. 29, 2019
Notes Tables
Lease, Cost [Table Text Block]	Th irteen weeks ended T hir ty- nine weeks ended Dec ember 29 , 2019 Dec ember 29 , 2019 Statement of Earnings Operating lease cost $ 339 $ 899 Short term lease cost 4 14 Variable lease cost 280 1,240 Less: Sublease income, net (22 ) (63 ) Total net lease cost (a) $ 601 $ 2,090
Leases, Cash Flows [Table Text Block]	T hirteen week s ended T hirty-nine week s ended December 29 , 2019 December 29 , 2019 Operating cash flows from operating leases $ 60 $ 351
Lessee, Operating Leases, Weighted Average Remaining Lease Term and Discount Rate [Table Text Block]	Weighted average remaining lease term (years): Operating leases 8.3 Weighted average discount rate: Operating leases 8.870 %
Operating Lease, Maturity [Table Text Block]	Payments Receipts Operating Leases Subleases Net Leases Fiscal year: 2020 (a) $ 247 $ 38 $ 209 2021 1,577 245 1,332 2022 1,831 247 1,584 2023 1,844 168 1,676 2024 1,774 169 1,605 Thereafter 7,153 521 6,632 Total lease commitments $ 14,426 $ 1,388 $ 13,038 Less: Amount representing interest 4,314 Present value of lease liabilities (b) $ 10,112
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	Payments Receipts Operating Leases Subleases Net Leases Fiscal year: 2020 $ 1,162 $ 273 $ 889 2021 1,249 270 979 2022 1,503 272 1,231 2023 1,520 168 1,352 2024 1,453 169 1,284 Thereafter 5,868 521 5,347 Total lease commitments $ 12,755 $ 1,673 $ 11,082
Operating Lease, Lease Income [Table Text Block]	Thirteen weeks ended T hir ty- nine weeks ended Dec ember 29, 2019 December 29, 2019 Operating lease income, net $ 22 $ 63

Note B - Adoption of New Acco_3

Note B - Adoption of New Accounting Standards (Details Textual) - USD ($)		Dec. 29, 2019	Apr. 01, 2019	Mar. 31, 2019
Operating Lease, Right-of-Use Asset		$ 9,274,000	$ 7,804,000
Operating Lease, Liability, Total	[1]	$ 10,112,000
Accounting Standards Update 2016-02 [Member]
Operating Lease, Right-of-Use Asset			7,804,000
Operating Lease, Liability, Total			$ 8,533,000
[1]	The present value of minimum operating lease payments of $1,449 and $8,663 are included in "Current portion of operating lease liabilities" and "Long-term operating lease liabilities," respectively.

Note B - Adoption of New Acco_4

Note B - Adoption of New Accounting Standards - Impact of New Standard on Consolidated Balance Sheet (Details) - USD ($)	Dec. 29, 2019	Apr. 01, 2019	Mar. 31, 2019
Operating Lease, Right-of-Use Asset	$ 9,274,000	$ 7,804,000
Other assets	455,000	496,000	465,000
Operating Lease, Liability, Current	1,449,000	1,162,000
Operating Lease, Liability, Noncurrent	8,663,000	7,371,000
Other liabilities	$ 801,000	692,000	$ 1,390,000
Previous Accounting Guidance [Member]
Operating Lease, Right-of-Use Asset
Other assets		465,000
Operating Lease, Liability, Current
Operating Lease, Liability, Noncurrent
Other liabilities		1,390,000
Adjustments for New Accounting Pronouncement [Member]
Operating Lease, Right-of-Use Asset		7,804,000
Other assets
Operating Lease, Liability, Current		1,162,000
Operating Lease, Liability, Noncurrent		7,371,000
Other liabilities		(729,000)
Balance Sheet Reclassification Adjustments [Member]
Operating Lease, Right-of-Use Asset
Other assets		31,000
Operating Lease, Liability, Current
Operating Lease, Liability, Noncurrent
Other liabilities		$ 31,000

Note D - Revenues (Details Text

Note D - Revenues (Details Textual) - USD ($) $ in Thousands	9 Months Ended
	Dec. 29, 2019	Dec. 23, 2018	[1]	Mar. 31, 2019	Mar. 25, 2018
Contract with Customer, Liability, Current	$ 278			$ 318
Contract with Customer, Liability, Noncurrent	2,036			$ 2,687
Cumulative Effect of New Accounting Principle in Period of Adoption	2,735				$ (2,004)
Contract with Customer, Liability, Revenue Recognized	$ 781	$ 348
[1]	Includes the cumulative effect of adopting Topic 606 of $2,735.

Note D - Revenues - Disaggregat

Note D - Revenues - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 29, 2019	Dec. 23, 2018	Dec. 29, 2019	Dec. 23, 2018
Revenues	$ 21,376	$ 20,222	$ 81,620	$ 79,720
Branded Products [Member]
Revenues	13,694	12,453	45,989	44,308
Company-operated Restaurants [Member]
Revenues	1,662	1,951	11,710	12,140
Product [Member]
Revenues	15,356	14,404	57,699	56,448
License [Member]
Revenues	4,412	4,316	18,559	18,160
Royalty [Member]
Revenues	802	805	2,829	2,906
Franchise [Member]
Revenues	233	106	781	348
Franchise Fees and Royalties [Member]
Revenues	1,035	911	3,610	3,254
Advertising Fund Revenue [Member]
Revenues	$ 573	$ 591	$ 1,752	$ 1,858

Note D - Revenues - Revenues by

Note D - Revenues - Revenues by Geographical Market (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 29, 2019	Dec. 23, 2018	Dec. 29, 2019	Dec. 23, 2018
Revenues	$ 21,376	$ 20,222	$ 81,620	$ 79,720
UNITED STATES
Revenues	20,308	19,546	77,930	77,022
Non-US [Member]
Revenues	$ 1,068	$ 676	$ 3,690	$ 2,698

Note D - Revenues - Contract Li

Note D - Revenues - Contract Liabilities From Contracts With Customers (Details) - USD ($) $ in Thousands		Dec. 29, 2019	Mar. 31, 2019
Deferred franchise fees (a)	[1]	$ 2,314	$ 3,005
[1]	Deferred franchise fees of $278 and $2,036 as of December 29, 2019 and $318 and $2,687 as of March 31, 2019 are included in Deferred franchise fees - current and long term, respectively.

Note D - Revenues - Significant

Note D - Revenues - Significant Changes in Deferred Franchise Fees (Details) - USD ($) $ in Thousands	9 Months Ended
	Dec. 29, 2019	Dec. 23, 2018
Deferred franchise fees at beginning of period	$ 3,005	$ 3,139	[1]
Revenue recognized during the period	(781)	(348)	[1]
New deferrals due to cash received and other	90	828
Deferred franchise fees at end of period	$ 2,314	$ 3,619
[1]	Includes the cumulative effect of adopting Topic 606 of $2,735.

Note D - Revenues - Remaining P

Note D - Revenues - Remaining Performance Obligations (Details) $ in Thousands	Dec. 29, 2019USD ($)
Revenue, Remaining Performance Obligation, Amount	$ 2,314

Note D - Revenues - Remaining_2

Note D - Revenues - Remaining Performance Obligations 2 (Details) $ in Thousands	Dec. 29, 2019USD ($)
Revenue, Remaining Performance Obligation, Amount	$ 2,314
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-12-30
Revenue, Remaining Performance Obligation, Amount	$ 71	[1]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period (Year)	91 days	[1]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-03-30
Revenue, Remaining Performance Obligation, Amount	$ 276
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period (Year)	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-03-29
Revenue, Remaining Performance Obligation, Amount	$ 266
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period (Year)	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-03-28
Revenue, Remaining Performance Obligation, Amount	$ 242
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period (Year)	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-03-27
Revenue, Remaining Performance Obligation, Amount	$ 231
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period (Year)	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-04-01
Revenue, Remaining Performance Obligation, Amount	$ 1,228
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period (Year)	1 year
[1]	Represents franchise fees expected to be recognized for the remainder of the 2020 fiscal year, which includes international development fees expected to be recognized over the duration of one year or less. Amount does not include $781 of franchise fee revenue recognized for the thirty-nine weeks ended December 29, 2019.

Note E - Income Per Share (Deta

Note E - Income Per Share (Details Textual) - shares	3 Months Ended	9 Months Ended
	Dec. 29, 2019	Dec. 29, 2019
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	10,000	10,000

Note E - Income Per Share - Ear

Note E - Income Per Share - Earnings Per Share Reconciliation (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 29, 2019	Dec. 23, 2018	Dec. 29, 2019	Dec. 23, 2018
Net income, basic calculation	$ 1,213	$ 9,722	$ 10,240	$ 19,001
Number of shares, basic calculation (in shares)	4,225,000	4,187,000	4,219,000	4,187,000
Net income per share, basic calculation (in dollars per share)	$ 0.29	$ 2.32	$ 2.43	$ 4.54
Effect of dilutive employee stock options (in shares)		34,000		39,000
Effect of dilutive employee stock options (in dollars per share)		$ (0.02)		$ (0.04)
Net income, diluted calculation	$ 1,213	$ 9,722	$ 10,240	$ 19,001
Number of shares, diluted calculation (in shares)	4,225,000	4,221,000	4,219,000	4,226,000
Net income per share, diluted calculation (in dollars per share)	$ 0.29	$ 2.30	$ 2.43	$ 4.50

Note F - Cash and Cash Equiva_2

Note F - Cash and Cash Equivalents (Details Textual) - USD ($)	Dec. 29, 2019	Mar. 31, 2019
Cash Equivalents, at Carrying Value, Total	$ 20,000,000	$ 20,000,000

Note G - Fair Value Measureme_3

Note G - Fair Value Measurements - Face Value and Fair Value of Long-term Debt (Details) - USD ($) $ in Thousands	Dec. 29, 2019	Mar. 31, 2019
Long-term debt, face value	$ 150,000	$ 150,000
Long-term debt, fair value	$ 153,375	$ 145,688

Note H - Accounts and Other R_3

Note H - Accounts and Other Receivables, Net (Details Textual)	9 Months Ended
	Dec. 29, 2019
Accounts Receivable Payment Terms	30 days

Note H - Accounts and Other R_4

Note H - Accounts and Other Receivables, Net - Summary of Accounts and Other Receivables (Details) - USD ($) $ in Thousands	Dec. 29, 2019	Mar. 31, 2019	Mar. 25, 2018
Accounts receivable, gross, current	$ 10,934	$ 10,758
Less: allowance for doubtful accounts	498	585	$ 468
Accounts and other receivables, net	10,436	10,173
Branded Product Sales [Member]
Accounts receivable, gross, current	8,094	7,432
Franchise and License Royalties [Member]
Accounts receivable, gross, current	2,052	2,661
Other Receivables [Member]
Accounts receivable, gross, current	$ 788	$ 665

Note H - Accounts and Other R_5

Note H - Accounts and Other Receivables, Net - Changes in Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Dec. 29, 2019	Dec. 23, 2018	Mar. 31, 2019
Beginning balance	$ 585	$ 468	$ 468
Reclassification to conform with Topic 606			77
Bad debt expense	7	$ 48	100
Accounts written off	(94)		(60)
Ending balance	$ 498		$ 585

Note I - Prepaid Expenses and_3

Note I - Prepaid Expenses and Other Current Assets - Summary of Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Dec. 29, 2019	Mar. 31, 2019
Income taxes	$ 113	$ 106
Insurance	218	244
Other	631	657
Total prepaid expenses and other current assets	$ 962	$ 1,007

Note J - Accrued Expenses, Ot_3

Note J - Accrued Expenses, Other Current Liabilities and Other Liabilities - Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Dec. 29, 2019	Mar. 31, 2019
Payroll and other benefits	$ 2,501	$ 3,150
Accrued rebates	689	770
Rent and occupancy costs	107	113
Construction costs	61	58
Interest	1,606	4,111
Professional fees	205	146
Sales, use and other taxes	36	27
Other	242	202
Total accrued expenses and other current liabilities	5,470	9,384
Deferred Franchise Fees And Other Deferred Revenue [Member]
Deferred revenue	$ 23	$ 807

Note J - Accrued Expenses, Ot_4

Note J - Accrued Expenses, Other Current Liabilities and Other Liabilities - Other Liabilities (Details) - USD ($) $ in Thousands	Dec. 29, 2019	Apr. 01, 2019	Mar. 31, 2019
Reserve for uncertain tax positions	$ 565		$ 496
Deferred rental liability			670
Other	236		224
Total other liabilities	$ 801	$ 692	$ 1,390

Note K - Income Taxes (Details

Note K - Income Taxes (Details Textual) - USD ($)	9 Months Ended
	Dec. 29, 2019	Dec. 23, 2018
Effective Income Tax Rate Reconciliation, Percent, Total	26.10%	27.80%
Effective Income Tax Rate, Effect of Stock Compensation	1.60%	0.20%
Share-based Payment Arrangement, Expense, Tax Benefit	$ 228,000	$ 47,000
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	27.80%	28.00%
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	$ 300,000
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense, Total	$ 269,000

Note L - Segment Information -

Note L - Segment Information - Operating Segment Information (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Dec. 29, 2019	Dec. 23, 2018	Dec. 29, 2019	Dec. 23, 2018
Revenues		$ 21,376	$ 20,222	$ 81,620	$ 79,720
Income from operations		3,863	4,896	20,677	22,463
Gain on disposal of property and equipment			10,821		11,177
Interest expense		(2,650)	(2,650)	(7,951)	(7,951)
Interest income		338	277	1,074	453
Other income, net		22	5	61	189
Income before provision for income taxes		1,573	13,349	13,861	26,331
Corporate, Non-Segment [Member]
Revenues	[1]	573	591	1,752	1,858
Income from operations		(1,822)	(1,726)	(6,244)	(6,018)
Branded Product Program [Member] | Operating Segments [Member]
Revenues		13,694	12,453	45,989	44,308
Income from operations		1,917	2,464	6,244	7,725
Product Licensing [Member] | Operating Segments [Member]
Revenues		4,412	4,316	18,559	18,160
Income from operations		4,367	4,270	18,423	18,023
Restaurant Operations [Member] | Operating Segments [Member]
Revenues		2,697	2,862	15,320	15,394
Income from operations		$ (599)	$ (112)	$ 2,254	$ 2,733
[1]	Represents advertising fund revenue

Note M - Share-based Compensa_3

Note M - Share-based Compensation (Details Textual) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Dec. 29, 2019	Dec. 23, 2018	Dec. 29, 2019	Dec. 23, 2018	Mar. 31, 2019
Share-based Payment Arrangement, Expense	$ 29,000	$ 29,000	$ 87,000	$ 133,000
Share Based Compensation Total Unamortized Compensation Expense	198,000		$ 198,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			0		10,000
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price					$ 89.90
Share-based Payment Arrangement, Option [Member]
Share-based Payment Arrangement, Expense	$ 21,000	$ 21,000	$ 64,000	$ 81,000
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period					5 years
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period					3 years

Note M - Share-based Compensa_4

Note M - Share-based Compensation - Compensation Cost Charged to Expense Under All Stock-based Incentive Awards (Details) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 29, 2019	Dec. 23, 2018	Dec. 29, 2019	Dec. 23, 2018
Share-based compensation expense	$ 29,000	$ 29,000	$ 87,000	$ 133,000
Share-based Payment Arrangement, Option [Member]
Share-based compensation expense	21,000	21,000	64,000	81,000
Restricted Stock [Member]
Share-based compensation expense	$ 8,000	$ 8,000	$ 23,000	$ 52,000

Note M - Share-based Compensa_5

Note M - Share-based Compensation - Outstanding Stock Options (Details) - USD ($) $ / shares in Units, $ in Thousands	Mar. 31, 2018	Dec. 29, 2019	Mar. 31, 2019
Options outstanding (in shares)		42,234
Options outstanding, weighted average exercise price (in dollars per share)		$ 46.807
Options outstanding, weighted average remaining contractual life (Year)	1 year 116 days	3 years 255 days
Options outstanding, aggregate intrinsic value	$ 1,127
Options granted (in shares)		0	10,000
Granted, weighted average exercise price (in dollars per share)			$ 89.90
Options exercised (in shares)		(32,234)
Exercised, weighted average exercise price (in dollars per share)		$ 33.438
Exercised, aggregate intrinsic value		$ 1,134
Options outstanding (in shares)		10,000	42,234
Options outstanding, weighted average exercise price (in dollars per share)		$ 89.90	$ 46.807
Options exercisable (in shares)		3,333
Options exercisable, weighted average exercise price (in dollars per share)		$ 89.90
Options exercisable, weighted average remaining contractual life (Year)		3 years 255 days

Note M - Share-based Compensa_6

Note M - Share-based Compensation - Transactions With Respect to Restricted Stock (Details) - Restricted Stock [Member]	9 Months Ended
	Dec. 29, 2019$ / sharesshares
Unvested restricted stock, Shares (in shares) | shares	1,000
Unvested restricted stock, weighted average grant date fair value per share (in dollars per share) | $ / shares	$ 89.90
Granted, Shares (in shares) | shares
Granted, weighted average grant date fair value per share (in dollars per share) | $ / shares
Vested, Shares (in shares) | shares	(333)
Vested, weighted average grant date fair value per share (in dollars per share) | $ / shares	$ 89.90
Unvested restricted stock, ending balance (in shares) | shares	667
Unvested restricted stock, weighted average grant date fair value per share (in dollars per share) | $ / shares	$ 89.90

Note N - Stockholders' Equity (

Note N - Stockholders' Equity (Details Textual) - USD ($)	Feb. 07, 2020	Nov. 08, 2019	Aug. 09, 2019	Jun. 14, 2019	Dec. 29, 2019	Dec. 23, 2018	Dec. 29, 2019	Dec. 23, 2018	Dec. 29, 2019	Dec. 29, 2019	Sep. 18, 2019	Mar. 11, 2016	Sep. 13, 2012
Common Stock, Dividends, Per Share, Declared		$ 0.35	$ 0.35	$ 0.35	$ 0.35	$ 0.25	$ 1.05	$ 0.75
Payments of Ordinary Dividends, Common Stock		$ 1,479,000	$ 1,479,000	$ 1,479,000
Increased Number of Shares Available for Issuance Due to Plan Amendment													250,000
Amount of Available Common Shares Reduced by Each Share of Restricted Stock Granted													3.2
Treasury Stock, Shares, Acquired							13,709			5,155,472
Treasury Stock, Value, Acquired, Cost Method					$ 985,000	$ 1,000,000	$ 985,000	$ 1,000,000		$ 79,288,000
Sixth Stock Repurchase Plan [Member]
Treasury Stock, Shares, Acquired									967,841
Treasury Stock, Value, Acquired, Cost Method									$ 31,627,000
Stock Repurchase Program, Number of Shares Authorized to be Repurchased					232,159		232,159		232,159	232,159		1,200,000
The 2019 Stock Incentive Plan [Member] | July 01, 2020 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized											369,584
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized Including Maximum Number of Shares Authorized but Not Issued under Old Plan											208,584
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized Including Maximum Aditional Outstanding Options or Restricted Stock Grants											11,000
The 2010 Stock Incentive Plan [Member] | Share-based Payment Arrangement, Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant					208,584		208,584		208,584	208,584
The 2010 Stock Incentive Plan [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant					184,808		184,808		184,808	184,808
Subsequent Event [Member]
Common Stock, Dividends, Per Share, Declared	$ 0.35

Note O - Long-term Debt (Detail

Note O - Long-term Debt (Details Textual) - USD ($)	Nov. 01, 2019	May 01, 2019	Nov. 01, 2017	Dec. 29, 2019	Mar. 31, 2019
Dividends Payable, Amount Per Share			$ 5
Senior Notes [Member]
Debt Instrument, Fixed Charge Coverage Ratio			2
Debt Instrument, Priority Secured Leverage Ratio			0.4
Debt Instrument Secured Leverage Ratio			3.75
Debt Instrument, Event of Default, Percentage Ownership Enabling the Declaration of Due and Payable			25.00%
Senior Notes [Member] | In The Event of Certain Equity Offerings [Member]
Debt Instrument, Redemption Price, Percentage			106.625%
Senior Notes [Member] | In the Event of Chang of Control Offer [Member]
Debt Instrument, Redemption Price, Percentage			101.00%
Senior Notes [Member] | In the Event the Company Sells Certain Assets and Fails to Use the Proceeds as Required [Member]
Debt Instrument, Redemption Price, Percentage			100.00%
Senior Notes [Member] | Senior Secured 2025 Notes [Member]
Proceeds from Issuance of Long-term Debt, Total			$ 150,000,000
Debt Instrument, Interest Rate, Stated Percentage			6.625%	6.625%	6.625%
Debt Instrument, Face Amount			$ 135,000,000
Senior Notes [Member] | Senior Secured 2020 Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage			10.00%
Debt Instrument, Periodic Payment, Interest	$ 4,968,750	$ 4,968,750
Senior Notes [Member] | Option to Redeem Notes at Redemption Price Equal to the Percentage of Principal Amount plus the Applicable Premium [Member]
Debt Instrument, Redemption Price, Percentage			100.00%
Senior Notes [Member] | Option to Redeem Notes at Redemption Price Equal to the Percentage of Principal Amount plus the Applicable Premium [Member] | Applicable Premium if Percentage of Principal Amount is Greater than Treasury Rate Basis Spread [Member]
Debt Instrument, Applicable Premium, Percentage of Principal Amount			1.00%
Senior Notes [Member] | Option to Redeem Notes at Redemption Price Equal to the Percentage of Principal Amount plus the Applicable Premium [Member] | Applicable Premium if Treasury Rate Basis Spread is Greater than Percentage of Principal Amount [Member] | Treasury Rate [Member]
Debt Instrument, Applicable Premium, Treasury Rate Basis Spread			0.50%
Senior Notes [Member] | Option to Redeem at Redemption Price Equal to Percentage of Principal Amount [Member] | In The Event of Certain Equity Offerings [Member] | Maximum [Member]
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed			35.00%

Note O - Long-term Debt - Summa

Note O - Long-term Debt - Summary of Debt (Details) - USD ($) $ in Thousands	Dec. 29, 2019	Mar. 31, 2019
Long-term debt, face value	$ 150,000	$ 150,000
Less: unamortized debt issuance costs	(4,032)	(4,551)
Long-term debt, net	145,968	145,449
Senior Secured 2025 Notes [Member] | Senior Notes [Member]
Long-term debt, face value	$ 150,000	$ 150,000

Note O - Long-term Debt - Sum_2

Note O - Long-term Debt - Summary of Debt (Details) (Parentheticals)	Dec. 29, 2019	Mar. 31, 2019	Nov. 01, 2017
Senior Secured 2025 Notes [Member] | Senior Notes [Member]
Interest Rate	6.625%	6.625%	6.625%

Note O - Long-term Debt - Sum_3

Note O - Long-term Debt - Summary of Redemption Features (Details)	9 Months Ended
	Dec. 29, 2019
Debt Instrument, Redemption, Period One [Member]
Debt instrument, redemption price, percentage	103.313%
Debt Instrument, Redemption, Period Two [Member]
Debt instrument, redemption price, percentage	101.656%
Debt Instrument, Redemption, Period Three [Member]
Debt instrument, redemption price, percentage	100.00%

Note P - Leases (Details Textua

Note P - Leases (Details Textual) - USD ($)		3 Months Ended	9 Months Ended
		Dec. 29, 2019	Dec. 29, 2019	Dec. 01, 2019	Apr. 01, 2019	Mar. 31, 2019
Operating Lease, Cost		$ 339,000	$ 899,000
Operating Lease, Right-of-Use Asset		9,274,000	9,274,000		$ 7,804,000
Operating Lease, Liability, Current		1,449,000	1,449,000		1,162,000
Operating Lease, Liability, Noncurrent		8,663,000	8,663,000		$ 7,371,000
Operating Lease, Liability, Total	[1]	10,112,000	10,112,000
NEW YORK
Lessee, Operating Lease, Renewal Term				8 years
Operating Lease, Right-of-Use Asset				$ 1,911,000
Operating Lease, Liability, Total				$ 1,911,000
Restaurant Operating Expense [Member]
Operating Lease, Cost		470,000	1,679,000
General and Administrative Expense [Member]
Operating Lease, Cost		153,000	474,000
Other Income [Member]
Operating Lease, Cost		22,000	63,000
Other Assets [Member]
Deferred Rent Receivables, Net, Noncurrent, Total		$ 32,000,000	$ 32,000,000
[1]	The present value of minimum operating lease payments of $1,449 and $8,663 are included in "Current portion of operating lease liabilities" and "Long-term operating lease liabilities," respectively.

Note P - Leases - Components of

Note P - Leases - Components of Net Lease Cost (Details) - USD ($) $ in Thousands		3 Months Ended	9 Months Ended
		Dec. 29, 2019	Dec. 29, 2019
Operating lease cost		$ 339	$ 899
Short term lease cost		4	14
Variable lease cost		280	1,240
Less: Sublease income, net		(22)	(63)
Total net lease cost (a)	[1]	$ 601	$ 2,090
[1]	The thirteen and thirty-nine week periods ended December 29, 2019 include $470, net and $1,679, net recorded to "Restaurant Operating Expenses" for leases for Company-operated restaurants, $153 and $474 recorded to "General and administrative expenses" for leases for corporate offices and equipment and $22 and $63 recorded to "Other income, net" for leased properties that are leased to franchisees:

Note P - Leases - Cash Paid for

Note P - Leases - Cash Paid for Amounts Included in the Measurement of Lease Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Dec. 29, 2019	Dec. 29, 2019
Operating cash flows from operating leases	$ 60	$ 351

Note P - Leases - Weighted Aver

Note P - Leases - Weighted Average Remaining Lease Term and Weighted-average Discount Rate (Details)	Dec. 29, 2019
Operating leases, weighted average remaining lease term (Year)	8 years 109 days
Operating leases, weighted average discount rate	8.87%

Note P - Leases - Future Lease

Note P - Leases - Future Lease Commitments to Be Paid and Received (Details) $ in Thousands	Dec. 29, 2019USD ($)
2020, payments operating leases	$ 247	[1]
2020, receipts subleases	38	[1]
2020, net leases	209	[1]
2021, payments operating leases	1,577
2021, receipts subleases	245
2021, net leases	1,332
2022, payments operating leases	1,831
2022, receipts subleases	247
2022, net leases	1,584
2023, payments operating leases	1,844
2023, receipts subleases	168
2023, net leases	1,676
2024, payments operating leases	1,774
2024, receipts subleases	169
2024, net leases	1,605
Thereafter, payments operating leases	7,153
Thereafter, receipts subleases	521
Thereafter, net leases	6,632
Total lease commitments, payments operating leases	14,426
Total lease commitments, receipts subleases	1,388
Total lease commitments, net leases	13,038
Less: Amount representing interest, payments operating leases	4,314
Present value of lease liabilities, payments operating leases	$ 10,112	[2]
[1]	Represents the remainder of fiscal year 2020 which excludes the thirty-nine weeks ended December 29, 2019.
[2]	The present value of minimum operating lease payments of $1,449 and $8,663 are included in "Current portion of operating lease liabilities" and "Long-term operating lease liabilities," respectively.

Note P - Leases - Non-cancelabl

Note P - Leases - Non-cancelable Operating Lease Commitments (Details) $ in Thousands	Mar. 31, 2019USD ($)
2020, Lease commitments	$ 1,162
2020, Sublease income	273
2020, Net lease commitments	889
2021, Lease commitments	1,249
2021, Sublease income	270
2021, Net lease commitments	979
2022, Lease commitments	1,503
2022, Sublease income	272
2022, Net lease commitments	1,231
2023, Lease commitments	1,520
2023, Sublease income	168
2023, Net lease commitments	1,352
2023, Lease commitments	1,453
2024, Sublease income	169
2024, Net lease commitments	1,284
Thereafter, Lease commitments	5,868
Thereafter, Sublease income	521
Thereafter, Net lease commitments	5,347
Total lease commitments	12,755
Total lease commitments	1,673
Total lease commitments	$ 11,082

Note P - Leases - Components _2

Note P - Leases - Components of Lease Income (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Dec. 29, 2019	Dec. 29, 2019
Operating lease income, net	$ 22	$ 63

Note Q - Commitments and Cont_2

Note Q - Commitments and Contingencies (Details Textual)	Feb. 27, 2017USD ($)
Guaranty Liabilities	$ 217,000