Nathan's Famous (NATH) 10-Q 5 Nov 21 2022 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Sep. 26, 2021	Nov. 05, 2021
Document Information [Line Items]
Entity Central Index Key	0000069733
Entity Registrant Name	NATHANS FAMOUS INC
Amendment Flag	false
Current Fiscal Year End Date	--03-27
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2022
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 26, 2021
Document Transition Report	false
Entity File Number	001-35962
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	11-3166443
Entity Address, Address Line One	One Jericho Plaza, Second Floor – Wing A
Entity Address, City or Town	Jericho
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	11753
City Area Code	516
Local Phone Number	338-8500
Title of 12(b) Security	Common Stock, par value $.01 per share
Trading Symbol	NATH
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		4,115,154

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Sep. 26, 2021	Mar. 28, 2021
CURRENT ASSETS
Cash and cash equivalents (Note F)	$ 86,756	$ 81,064
Accounts and other receivables, net (Note H)	14,817	11,652
Inventories	948	624
Prepaid expenses and other current assets (Note I)	612	1,325
Total current assets	103,133	94,665
Property and equipment, net of accumulated depreciation of $10,270 and $9,779, respectively	3,942	4,090
Operating lease assets (Note R)	7,772	8,337
Goodwill	95	95
Intangible asset, net	1,099	1,156
Deferred income taxes	154	138
Other assets	318	328
Total assets	116,513	108,809
CURRENT LIABILITIES
Accounts payable	5,084	4,041
Accrued expenses and other current liabilities (Note L)	8,585	8,478
Current portion of operating lease liabilities (Note R)	1,846	1,837
Deferred franchise fees	351	237
Total current liabilities	15,866	14,593
Long-term debt, net of unamortized debt issuance costs of $2,823 and $3,169, respectively (Note Q)	147,177	146,831
Operating lease liabilities (Note R)	6,867	7,553
Other liabilities (Note L)	834	774
Deferred franchise fees	1,768	1,536
Total liabilities	172,512	171,287
COMMITMENTS AND CONTINGENCIES (Note S)
STOCKHOLDERS’ DEFICIT
Common stock, $.01 par value; 30,000,000 shares authorized; 9,369,235 and 9,369,015 shares issued; and 4,115,154 and 4,114,934 shares outstanding at September 26, 2021 and March 28, 2021, respectively	94	94
Additional paid-in capital	62,291	62,240
Accumulated deficit	(33,614)	(40,042)
Stockholders’ equity before treasury stock	28,771	22,292
Treasury stock, at cost, 5,254,081 shares at September 26, 2021 and March 28, 2021	(84,770)	(84,770)
Total stockholders’ deficit	(55,999)	(62,478)
Total liabilities and stockholders’ deficit	$ 116,513	$ 108,809

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands	Sep. 26, 2021	Mar. 28, 2021
Property and equipment accumulated depreciation	$ 10,270	$ 9,779
Long-term debt, unamortized debt costs	$ 2,823	$ 3,169
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)	9,369,235	9,369,015
Common stock, shares outstanding (in shares)	4,115,154	4,114,934
Treasury stock, common shares (in shares)	5,254,081	5,254,081

Consolidated Statements of Earn

Consolidated Statements of Earnings (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 26, 2021	Sep. 27, 2020	Sep. 26, 2021	Sep. 27, 2020
REVENUES
Revenues	$ 32,878	$ 21,839	$ 64,197	$ 39,525
COSTS AND EXPENSES
Cost of sales	20,131	9,927	35,496	15,224
Restaurant operating expenses	1,216	1,011	2,327	1,863
Depreciation and amortization	270	302	548	612
General and administrative expenses	3,269	2,612	6,727	5,456
Advertising fund expense	553	403	958	692
Total costs and expenses	25,439	14,255	46,056	23,847
Income from operations	7,439	7,584	18,141	15,678
Interest expense	(2,651)	(2,651)	(5,301)	(5,301)
Interest income	28	103	64	220
Other income, net	5	22	21	22
Income before provision for income taxes	4,821	5,058	12,925	10,619
Provision for income taxes	1,276	1,403	3,617	2,964
Net income	$ 3,545	$ 3,655	$ 9,308	$ 7,655
Weighted average shares used in computing income per share:
Basic (in shares)	4,115	4,115	4,115	4,118
Diluted (in shares)	4,115	4,115	4,115	4,118
Income per share:
Basic (in dollars per share)	$ 0.86	$ 0.89	$ 2.26	$ 1.86
Diluted (in dollars per share)	0.86	0.89	2.26	1.86
Dividends declared per share (in dollars per share)	$ 0.35	$ 0.35	$ 0.70	$ 0.70
Product [Member]
REVENUES
Revenues	$ 23,500	$ 12,692	$ 42,825	$ 19,375
License [Member]
REVENUES
Revenues	7,658	8,268	18,340	18,791
Franchise Fees and Royalties [Member]
REVENUES
Revenues	1,167	476	2,074	667
Advertising Fund Revenue [Member]
REVENUES
Revenues	$ 553	$ 403	$ 958	$ 692

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. 29, 2020	9,368,792			5,227,405
Balance at Mar. 29, 2020	$ 94,000	$ 62,130,000	$ (45,356,000)	$ (83,269,000)	$ (66,401,000)
Shares issued in connection with share-based compensation plans (in shares)	223			0
Shares issued in connection with share-based compensation plans	$ 0	0	0	$ 0	0
Withholding tax on net share settlement of share-based compensation plans	0	(6,000)	0	0	(6,000)
Dividends on common stock	0	0	(2,880,000)	0	(2,880,000)
Share-based compensation	0	58,000	0	0	58,000
Net income	$ 0	0	7,655,000	$ 0	7,655,000
Repurchase of common stock (in shares)	0			26,676
Repurchase of common stock	$ 0	0	0	$ (1,501)	(1,501)
Balance (in shares) at Sep. 27, 2020	9,369,015			5,254,081
Balance at Sep. 27, 2020	$ 94,000	62,182,000	(40,581,000)	$ (84,770,000)	(63,075,000)
Balance (in shares) at Jun. 28, 2020	9,368,792			5,254,081
Balance at Jun. 28, 2020	$ 94,000	62,159,000	(42,796,000)	$ (84,770,000)	(65,313,000)
Shares issued in connection with share-based compensation plans (in shares)	223			0
Shares issued in connection with share-based compensation plans	$ 0	0	0	$ 0	0
Withholding tax on net share settlement of share-based compensation plans	0	(6,000)	0	0	(6,000)
Dividends on common stock	0	0	(1,440,000)	0	(1,440,000)
Share-based compensation	0	29,000	0	0	29,000
Net income	$ 0	0	3,655,000	$ 0	3,655,000
Balance (in shares) at Sep. 27, 2020	9,369,015			5,254,081
Balance at Sep. 27, 2020	$ 94,000	62,182,000	(40,581,000)	$ (84,770,000)	$ (63,075,000)
Balance (in shares) at Mar. 28, 2021	9,369,015			5,254,081	4,114,934
Balance at Mar. 28, 2021	$ 94,000	62,240,000	(40,042,000)	$ (84,770,000)	$ (62,478,000)
Shares issued in connection with share-based compensation plans (in shares)	220			0
Shares issued in connection with share-based compensation plans	$ 0	0	0	$ 0	0
Withholding tax on net share settlement of share-based compensation plans	0	(7,000)	0	0	(7,000)
Dividends on common stock	0	0	(2,880,000)	0	(2,880,000)
Share-based compensation	0	58,000	0	0	58,000
Net income	$ 0	0	9,308,000	$ 0	$ 9,308,000
Repurchase of common stock (in shares)					0
Balance (in shares) at Sep. 26, 2021	9,369,235			5,254,081	4,115,154
Balance at Sep. 26, 2021	$ 94,000	62,291,000	(33,614,000)	$ (84,770,000)	$ (55,999,000)
Balance (in shares) at Jun. 27, 2021	9,369,015			5,254,081
Balance at Jun. 27, 2021	$ 94,000	62,269,000	(35,719,000)	$ (84,770,000)	(58,126,000)
Shares issued in connection with share-based compensation plans (in shares)	220			0
Shares issued in connection with share-based compensation plans	$ 0	0	0	$ 0	0
Withholding tax on net share settlement of share-based compensation plans	0	(7,000)	0	0	(7,000)
Dividends on common stock	0	0	(1,440,000)	0	(1,440,000)
Share-based compensation	0	29,000	0	0	29,000
Net income	$ 0	0	3,545,000	$ 0	$ 3,545,000
Balance (in shares) at Sep. 26, 2021	9,369,235			5,254,081	4,115,154
Balance at Sep. 26, 2021	$ 94,000	$ 62,291,000	$ (33,614,000)	$ (84,770,000)	$ (55,999,000)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Sep. 26, 2021	Sep. 27, 2020	Sep. 26, 2021	Sep. 27, 2020	Mar. 28, 2021
Cash flows from operating activities:
Net income	$ 3,545	$ 3,655	$ 9,308	$ 7,655
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	270	302	548	612
Non-cash rental expense			208	127
Amortization of debt issuance costs			346	346
Share-based compensation expense			58	58
Provision for doubtful accounts			27	27	$ 101
Deferred income taxes			(16)	(16)
Changes in operating assets and liabilities:
Accounts and other receivables, net			(3,192)	2,114
Inventories			(324)	(179)
Prepaid expenses and other current assets			713	560
Other assets			10	9
Accounts payable, accrued expenses and other current liabilities			830	(2,166)
Deferred franchise fees			346	(83)
Other liabilities			60	43
Net cash provided by operating activities			8,922	9,107
Cash flows from investing activities:
Purchase of property and equipment			(343)	(318)
Net cash used in investing activities			(343)	(318)
Cash flows from financing activities:
Dividends paid to stockholders			(2,880)	(2,880)
Payments of withholding tax on net share settlement of share-based compensation plans			(7)	(6)
Repurchase of treasury stock			0	(1,501)
Net cash used in financing activities			(2,887)	(4,387)
Net increase in cash and cash equivalents			5,692	4,402
Cash and cash equivalents, beginning of period			81,064	77,117	77,117
Cash and cash equivalents, end of period	$ 86,756	$ 81,519	86,756	81,519	$ 81,064
Cash paid during the period for:
Interest			4,969	4,969
Income taxes			$ 2,673	$ 2,743
Non-cash financing activity:
Dividends declared per share (in dollars per share)	$ 0.35	$ 0.35	$ 0.70	$ 0.70

Note A - Basis of Presentation

Note A - Basis of Presentation	6 Months Ended
	Sep. 26, 2021
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 twenty-six September 26, 2021 September 27, 2020 not Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted pursuant to the requirements of the U.S. Securities and Exchange Commission. Management believes that the disclosures included in the accompanying consolidated interim financial statements and footnotes are adequate to make the information not 10 March 28, 2021. Our significant interim accounting policies include the recognition of advertising fund expense in proportion to advertising funds revenue. 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 28, 2021. Covid- 19 In March 2020, 19 19 thirteen twenty-six September 26, 2021 ( 2022 third 2022. 19 19 may 2022 19 19 may 19 19

Note B - Adoption of New Accoun

Note B - Adoption of New Accounting Standard	6 Months Ended
	Sep. 26, 2021
Notes to Financial Statements
Accounting Standards Update and Change in Accounting Principle [Text Block]	NOTE B – ADOPTION OF NEW ACCOUNTING STANDARD In December 2019, 2019 12, Income Taxes (Topic 740 2019 12 740 March 29, 2021. not

Note C - New Accounting Standar

Note C - New Accounting Standard Not Yet Adopted	6 Months Ended
	Sep. 26, 2021
Notes to Financial Statements
New Accounting Pronouncements Not yet Adopted [Text Block]	NOTE C – NEW ACCOUNTING STANDARD NOT In June 2016, 2016 13, Financial Instruments Credit Losses (Topic 326 November 2019, December 15, 2022. first June 2023) March 31, 2024. The Company does not not

Note D - Revenues

Note D - Revenues	6 Months Ended
	Sep. 26, 2021
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	NOTE D – REVENUES The Company’s disaggregated revenues for the thirteen twenty-six September 26, 2021 September 27, 2020 Thirteen weeks ended Twenty-six weeks ended September 26, 2021 September 27, 2020 September 26, 2021 September 27, 2020 Branded Products $ 19,063 $ 9,698 $ 35,059 $ 14,447 Company-operated restaurants 4,437 2,994 7,766 4,928 Total sales 23,500 12,692 42,825 19,375 License royalties 7,658 8,268 18,340 18,791 Franchise royalties 1,037 409 1,837 519 Franchise fees 130 67 237 148 Total franchise fees and royalties 1,167 476 2,074 667 Advertising fund revenue 553 403 958 692 Total revenues $ 32,878 $ 21,839 $ 64,197 $ 39,525 The following table disaggregates revenues by primary geographical market (in thousands): Thirteen weeks ended Twenty-six weeks ended September 26, 2021 September 27, 2020 September 26, 2021 September 27, 2020 United States $ 31,878 $ 21,501 $ 62,479 $ 38,913 International 1,000 338 1,718 612 Total revenues $ 32,878 $ 21,839 $ 64,197 $ 39,525 Contract balances The following table provides information about contract receivables and liabilities (deferred franchise fees) from contracts with customers (in thousands): September 26, 2021 March 28, 2021 Receivables, which are included in “Accounts and other receivables, net” (a) $ 250 $ - Deferred franchise fees (b) $ 2,119 $ 1,773 (a) Includes receivables related to “franchise fees and royalties” (b) Deferred franchise fees of $351 and $1,768 September 26, 2021 March 28, 2021 Significant changes in deferred franchise fees are as follows (in thousands): Twenty-six weeks ended September 26, 2021 September 27, 2020 Deferred franchise fees at beginning of period 1,773 1,917 Additions to deferred revenue 583 65 Revenue recognized during the period (237 ) (148 ) Deferred franchise fees at end of period $ 2,119 $ 1,834 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 2022 (a) $ 180 2023 322 2024 301 2025 285 2026 258 Thereafter 773 Total $ 2,119 (a) Represents franchise fees expected to be recognized for the remainder of the 2022 one not twenty-six September 26, 2021.

Note E - Income Per Share

Note E - Income Per Share	6 Months Ended
	Sep. 26, 2021
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 twenty-six September 26, 2021 September 27, 2020, Thirteen weeks Net Income Net Income Number of Shares Per Share 2021 2020 2021 2020 2021 2020 (in thousands) (in thousands) Basic EPS Basic calculation $ 3,545 $ 3,655 4,115 4,115 $ 0.86 $ 0.89 Effect of dilutive employee stock options - - - - - - Diluted EPS Diluted calculation $ 3,545 $ 3,655 4,115 4,115 $ 0.86 $ 0.89 Twenty-six weeks Net Income Net Income Number of Shares Per Share 2021 2020 2021 2020 2021 2020 (in thousands) (in thousands) Basic EPS Basic calculation $ 9,308 $ 7,655 4,115 4,118 $ 2.26 $ 1.86 Effect of dilutive employee stock options - - - - - - Diluted EPS Diluted calculation $ 9,308 $ 7,655 4,115 4,118 $ 2.26 $ 1.86 Options to purchase 20,000 shares of common stock in the thirteen twenty-six September 26, 2021 not Options to purchase 10,000 shares of common stock in the thirteen twenty-six September 27, 2020 not

Note F - Cash and Cash Equivale

Note F - Cash and Cash Equivalents	6 Months Ended
	Sep. 26, 2021
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 not September 26, 2021 March 28, 2021. At September 26, 2021 March 28, 2021, not

Note G - Fair Value Measurement

Note G - Fair Value Measurements	6 Months Ended
	Sep. 26, 2021
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 September 26, 2021 March 28, 2021 September 26, 2021 March 28, 2021 Face value Fair value Face Value Fair value Long-term debt $ 150,000 $ 153,212 $ 150,000 $ 154,420 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 September 26, 2021, no

Note H - Accounts and Other Rec

Note H - Accounts and Other Receivables, Net	6 Months Ended
	Sep. 26, 2021
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): September 26, March 28, 2021 2021 Branded product sales $ 10,458 $ 6,480 Franchise and license royalties 3,307 5,224 Other 1,347 293 15,112 11,997 Less: allowance for doubtful accounts 295 345 Accounts and other receivables, net $ 14,817 $ 11,652 Accounts receivable are due within 30 days and are stated at amounts due from franchisees, virtual or “ghost” kitchens, retail licensees and Branded Product Program customers, net of an allowance for doubtful accounts. Accounts that are outstanding longer than the contractual payment terms are generally considered past due. The Company does 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 twenty-six September 26, 2021 March 28, 2021 September 26, 2021 March 28, 2021 Beginning balance $ 345 $ 237 Bad debt expense 27 101 Write-offs and other (77 ) 7 Ending balance $ 295 $ 345

Note I - Prepaid Expenses and O

Note I - Prepaid Expenses and Other Current Assets	6 Months Ended
	Sep. 26, 2021
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): September 26, March 28, 2021 2021 Income taxes $ - $ 280 Real estate taxes 72 87 Insurance 162 388 Marketing - 196 Other 378 374 Total prepaid expenses and other current assets $ 612 $ 1,325

Note J - Goodwill and Intangibl

Note J - Goodwill and Intangible Asset	6 Months Ended
	Sep. 26, 2021
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	NOTE J - GOODWILL AND INTANGIBLE ASSET The Company has continued to monitor the economic uncertainty as a result of COVID- 19 19 not September 26, 2021 September 27, 2020, thirteen twenty-six September 26, 2021 September 27, 2020. The Company’s definite-lived intangible asset consists of trademarks, tradenames and other intellectual property in connection with its Arthur Treacher’s co-branding agreements. The Company reviews its definite-lived intangible asset for impairment whenever events or changes in circumstances indicate that the carrying value may not 19 may not thirteen twenty-six September 26, 2021 September 27, 2020.

Note K - Long Lived Assets

Note K - Long Lived Assets	6 Months Ended
	Sep. 26, 2021
Notes to Financial Statements
Asset Impairment Charges [Text Block]	NOTE K - LONG LIVED ASSETS Long-lived assets on a restaurant-by-restaurant basis are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value may not Long-lived assets include property, equipment and right of use assets for operating leases with finite useful lives. Assets are grouped at the individual restaurant level which represents the lowest level for which cash flows can be identified largely independent of the cash flows of other assets and liabilities. The Company generally considers a history of restaurant operating losses to be its primary indicator of potential impairment for individual restaurant locations. As a result of the impact of the COVID- 19 September 26, 2021 September 27, 2020. The Company tests for recoverability based on the projected undiscounted cash flows to be derived from such assets. If the projected undiscounted future cash flows are less than the carrying value of the asset, the Company will record on a restaurant-by-restaurant basis, an impairment loss, if any, based on the difference between the estimated fair value and the carrying value of the asset. The Company generally measures fair value by considering discounted estimated future cash flows from such assets. Cash flow projections and fair value estimates require significant estimates and assumptions by management. Should the estimates and assumptions prove to be incorrect, the Company may no September 26, 2021 September 27, 2020, thirteen twenty-six September 26, 2021 September 27, 2020.

Note L - Accrued Expenses, Othe

Note L - Accrued Expenses, Other Current Liabilities and Other Liabilities	6 Months Ended
	Sep. 26, 2021
Notes to Financial Statements
Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]	NOTE L – ACCRUED EXPENSES, OTHER CURRENT LIABILITIES AND OTHER LIABILITIES Accrued expenses and other current liabilities consist of the following (in thousands): September 26, March 28, 2021 2021 Payroll and other benefits $ 1,942 $ 2,793 Accrued rebates 460 132 Rent and occupancy costs 458 73 Deferred revenue 201 841 Construction costs 55 60 Interest 4,043 4,057 Professional fees 158 200 Sales, use and other taxes 192 60 Corporate income taxes 621 - Other 455 262 Total accrued expenses and other current liabilities $ 8,585 $ 8,478 Other liabilities consist of the following (in thousands): September 26, March 28, 2021 2021 Reserve for uncertain tax positions $ 713 $ 653 Other 121 121 Total other liabilities $ 834 $ 774

Note M - Income Taxes

Note M - Income Taxes	6 Months Ended
	Sep. 26, 2021
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE M – INCOME TAXES On March 27, 2020, 30 50 January 1, 2019 2020. January 1, 2018. The income tax provisions for the twenty-six September 26, 2021 September 27, 2020 The amount of unrecognized tax benefits at September 26, 2021 September 26, 2021,

Note N - Segment Information

Note N - Segment Information	6 Months Ended
	Sep. 26, 2021
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	NOTE N – 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, including virtual or “ghost” kitchens, 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, 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 Twenty-six weeks ended September 26, 2021 September 27, 2020 September 26, 2021 September 27, 2020 Revenues Branded Product Program $ 19,063 $ 9,698 $ 35,059 $ 14,447 Product licensing 7,658 8,268 18,340 18,791 Restaurant operations 5,604 3,470 9,840 5,595 Corporate (1) 553 403 958 692 Total revenues $ 32,878 $ 21,839 $ 64,197 $ 39,525 Income from operations Branded Product Program $ 1,161 $ 1,252 $ 3,415 $ 1,524 Product licensing 7,612 8,223 18,249 18,700 Restaurant operations 694 (138 ) 692 (1,031 ) Corporate (2,028 ) (1,753 ) (4,215 ) (3,515 ) Income from operations $ 7,439 $ 7,584 $ 18,141 $ 15,678 Interest expense (2,651 ) (2,651 ) (5,301 ) (5,301 ) Interest income 28 103 64 220 Other income, net 5 22 21 22 Income before provision for income taxes $ 4,821 $ 5,058 $ 12,925 $ 10,619 ( 1 Represents advertising fund revenue

Note O - Share-based Compensati

Note O - Share-based Compensation	6 Months Ended
	Sep. 26, 2021
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	NOTE O – SHARE-BASED COMPENSATION Total share-based compensation during each of the thirteen September 26, 2021 September 27, 2020 twenty-six September 26, 2021 September 27, 2020 September 26, 2021, twenty-three 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 Twenty-six weeks ended September 26, 2021 September 27, 2020 September 26, 2021 September 27, 2020 Stock options $ 23 $ 21 $ 44 $ 42 Restricted stock 6 8 14 16 Total compensation cost $ 29 $ 29 $ 58 $ 58 Stock options: During the twenty-six September 26, 2021, five four August 10, 2021. The weighted-average option fair values, as determined using the Black-Scholes option valuation model, and the assumptions used to estimate these values for stock options granted during the twenty-six September 26, 2021 Weighted-average option fair values $ 13.04 Expected life (years) 4.4 Interest rate 0.82 % Volatility 27.69 % Dividend yield 2.04 % The expected dividend yield is based on historical and projected dividend yields. The Company estimates volatility based primarily on historical monthly price changes of the Company’s stock equal to the expected life of the option. The risk-free interest rate is based on the U.S. Treasury yield in effect at the time of grant. The expected option term is the number of years the Company estimates the options will be outstanding prior to exercise based on expected historical exercise patterns and employment termination behavior. Transactions with respect to stock options for the twenty-six September 26, 2021 : Weighted- Weighted- Aggregate Average Average Intrinsic Exercise Remaining Value Shares Price Contractual Life (in thousands) Options outstanding at March 28, 2021 10,000 $ 89.90 2.46 - Granted 10,000 $ 68.50 4.87 - Exercised - - - - Options outstanding at September 26, 2021 20,000 $ 79.20 3.42 - Options exercisable at September 26, 2021 10,000 $ 89.90 1.96 - Restricted stock: Transactions with respect to restricted stock for the twenty-six September 26, 2021 Weighted- Average Grant-date Fair value Shares Per share Unvested restricted stock at March 28, 2021 333 $ 89.90 Granted - - Vested (333 ) $ 89.90 Unvested restricted stock at September 26, 2021 - -

Note P - Stockholders' Equity

Note P - Stockholders' Equity	6 Months Ended
	Sep. 26, 2021
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	NOTE P – STOCKHOLDERS’ EQUITY 1. Dividends Effective June 11, 2021, first 2022, June 25, 2021 June 21, 2021. Effective August 6, 2021, second 2022, September 3, 2021 August 23, 2021. Effective November 5, 2021 third December 3, 2021 November 22, 2021. 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 Q). 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. On September 18, 2019, 2019 “2019 2019 July 1, 2020 ( no 2010 “2010 2010 2010 2019 As of the Effective Date, we were able to issue up to: (a) 369,584 shares of common stock under the 2019 not 2010 September 26, 2021, may 2019 3. During the period from October 2001 September 26, 2021, twenty-six September 26, 2021, not In 2016, sixth September 26, 2021, sixth September 26, 2021 sixth not may no On March 13, 2020, 10b5 1 “10b5 1 August 12, 2020. 2021 10b5 1

Note Q - Long-term Debt

Note Q - Long-term Debt	6 Months Ended
	Sep. 26, 2021
Notes to Financial Statements
Debt Disclosure [Text Block]	NOTE Q – LONG-TERM DEBT Long-term debt consists of the following (in thousands): September 26, March 28, 2021 2021 6.625% Senior Secured Notes due 2025 $ 150,000 $ 150,000 Less: unamortized debt issuance costs (2,823 ) (3,169 ) Long-term debt, net $ 147,177 $ 146,831 On November 1, 2017, 6.625% 2025 "2025 144A 1933, 2025 November 1, 2017 2025 10.000% 2020 $5.00 November 16, 2017. The 2025 6.625% May 1 st November 1 st May 1, 2021 November 1, 2021. The 2025 no November 1, 2025. The terms and conditions of the 2025 not There are no 2025 September 26, 2021, 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 1.0 may may may Priority Secured Leverage Ratio 1.00 Secured Leverage Ratio 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% in principal amount of the 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 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 2025 If the Company sells certain assets and does not 2025 The 2025 may 144A 2025 Effective June 1, 2020, 2025 no

Note R - Leases

Note R - Leases	6 Months Ended
	Sep. 26, 2021
Notes to Financial Statements
Leases, Disclosure [Text Block]	NOTE R – LEASES The Company is party as lessee to various leases for its Company-operated restaurants and lessee/sublessor to one Company as lessee The components of the net lease cost for the thirteen twenty-six September 26, 2021 September 27, 2020 Thirteen weeks ended Twenty-six weeks ended September 26, 2021 September 27, 2020 September 26, 2021 September 27, 2020 Statement of Earnings Operating lease cost $ 413 $ 396 $ 845 $ 811 Variable lease cost 524 377 966 715 Less: Sublease income, net (5 ) (22 ) (21 ) (22 ) Total net lease cost (a) $ 932 $ 751 $ 1,790 $ 1,504 (a) The thirteen twenty-six September 26, 2021 September 27, 2020 Cash paid for amounts included in the measurement of lease liabilities were as follows (in thousands): Thirteen weeks ended Twenty-six weeks ended September 26, 2021 September 27, 2020 September 26, 2021 September 27, 2020 Operating cash flows from operating leases $ 183 $ 202 $ 357 $ 407 The weighted average remaining lease term and weighted-average discount rate for operating leases as of September 26, 2021 Weighted average remaining lease term (years): 6.7 Weighted average discount rate: 8.882 % Future lease commitments to be paid and received by the Company as of September 26, 2021 Payments Receipts Operating Leases Subleases Net Leases Fiscal year: 2022 (a) $ 760 $ 77 $ 683 2023 1,849 168 1,681 2024 1,774 169 1,605 2025 1,678 169 1,509 2026 1,712 169 1,543 Thereafter 3,762 183 3,579 Total lease commitments $ 11,535 $ 935 $ 10,600 Less: Amount representing interest 2,822 Present value of lease liabilities (b) $ 8,713 (a) Represents future lease commitments to be paid and received by the Company for the remainder of the 2022 not twenty-six September 26, 2021. (b) The present value of minimum operating lease payments of $1,846 and $6,867 Company as lessor The components of net lease income for the thirteen twenty-six September 26, 2021 September 27, 2020 Thirteen weeks ended Twenty-six weeks ended September 26, 2021 September 27, 2020 September 26, 2021 September 27, 2020 Operating lease income, net $ 5 $ 22 $ 21 $ 22

Note S - Commitments and Contin

Note S - Commitments and Contingencies	6 Months Ended
	Sep. 26, 2021
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	NOTE S – COMMITMENTS AND CONTINGENCIES 1. On February 27, 2017, 10 one 5 24 first three 12 September 26, 2021, not not 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 T - Subsequent Events

Note T - Subsequent Events	6 Months Ended
	Sep. 26, 2021
Notes to Financial Statements
Subsequent Events [Text Block]	NOTE T – SUBSEQUENT EVENTS The Company evaluated subsequent events through the date the Consolidated Financial Statements were issued and filed with the U.S. Securities and Exchange Commission. There were no

Note D - Revenues (Tables)

Note D - Revenues (Tables)	6 Months Ended
	Sep. 26, 2021
Notes Tables
Disaggregation of Revenue [Table Text Block]	Thirteen weeks ended Twenty-six weeks ended September 26, 2021 September 27, 2020 September 26, 2021 September 27, 2020 Branded Products $ 19,063 $ 9,698 $ 35,059 $ 14,447 Company-operated restaurants 4,437 2,994 7,766 4,928 Total sales 23,500 12,692 42,825 19,375 License royalties 7,658 8,268 18,340 18,791 Franchise royalties 1,037 409 1,837 519 Franchise fees 130 67 237 148 Total franchise fees and royalties 1,167 476 2,074 667 Advertising fund revenue 553 403 958 692 Total revenues $ 32,878 $ 21,839 $ 64,197 $ 39,525
Revenue from External Customers by Geographic Areas [Table Text Block]	Thirteen weeks ended Twenty-six weeks ended September 26, 2021 September 27, 2020 September 26, 2021 September 27, 2020 United States $ 31,878 $ 21,501 $ 62,479 $ 38,913 International 1,000 338 1,718 612 Total revenues $ 32,878 $ 21,839 $ 64,197 $ 39,525
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]	September 26, 2021 March 28, 2021 Receivables, which are included in “Accounts and other receivables, net” (a) $ 250 $ - Deferred franchise fees (b) $ 2,119 $ 1,773
Contract with Customer, Deferred Franchise Fees [Table Text Block]	Twenty-six weeks ended September 26, 2021 September 27, 2020 Deferred franchise fees at beginning of period 1,773 1,917 Additions to deferred revenue 583 65 Revenue recognized during the period (237 ) (148 ) Deferred franchise fees at end of period $ 2,119 $ 1,834
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table Text Block]	Estimate for fiscal year 2022 (a) $ 180 2023 322 2024 301 2025 285 2026 258 Thereafter 773 Total $ 2,119

Note E - Income Per Share (Tabl

Note E - Income Per Share (Tables)	6 Months Ended
	Sep. 26, 2021
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Thirteen weeks Net Income Net Income Number of Shares Per Share 2021 2020 2021 2020 2021 2020 (in thousands) (in thousands) Basic EPS Basic calculation $ 3,545 $ 3,655 4,115 4,115 $ 0.86 $ 0.89 Effect of dilutive employee stock options - - - - - - Diluted EPS Diluted calculation $ 3,545 $ 3,655 4,115 4,115 $ 0.86 $ 0.89 Twenty-six weeks Net Income Net Income Number of Shares Per Share 2021 2020 2021 2020 2021 2020 (in thousands) (in thousands) Basic EPS Basic calculation $ 9,308 $ 7,655 4,115 4,118 $ 2.26 $ 1.86 Effect of dilutive employee stock options - - - - - - Diluted EPS Diluted calculation $ 9,308 $ 7,655 4,115 4,118 $ 2.26 $ 1.86

Note G - Fair Value Measureme_2

Note G - Fair Value Measurements (Tables)	6 Months Ended
	Sep. 26, 2021
Notes Tables
Fair Value, Liabilities Measured on Recurring Basis [Table Text Block]	September 26, 2021 March 28, 2021 Face value Fair value Face Value Fair value Long-term debt $ 150,000 $ 153,212 $ 150,000 $ 154,420

Note H - Accounts and Other R_2

Note H - Accounts and Other Receivables, Net (Tables)	6 Months Ended
	Sep. 26, 2021
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	September 26, March 28, 2021 2021 Branded product sales $ 10,458 $ 6,480 Franchise and license royalties 3,307 5,224 Other 1,347 293 15,112 11,997 Less: allowance for doubtful accounts 295 345 Accounts and other receivables, net $ 14,817 $ 11,652
Financing Receivable, Current, Allowance for Credit Loss [Table Text Block]	September 26, 2021 March 28, 2021 Beginning balance $ 345 $ 237 Bad debt expense 27 101 Write-offs and other (77 ) 7 Ending balance $ 295 $ 345

Note I - Prepaid Expenses and_2

Note I - Prepaid Expenses and Other Current Assets (Tables)	6 Months Ended
	Sep. 26, 2021
Notes Tables
Schedule of Other Current Assets [Table Text Block]	September 26, March 28, 2021 2021 Income taxes $ - $ 280 Real estate taxes 72 87 Insurance 162 388 Marketing - 196 Other 378 374 Total prepaid expenses and other current assets $ 612 $ 1,325

Note L - Accrued Expenses, Ot_2

Note L - Accrued Expenses, Other Current Liabilities and Other Liabilities (Tables)	6 Months Ended
	Sep. 26, 2021
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	September 26, March 28, 2021 2021 Payroll and other benefits $ 1,942 $ 2,793 Accrued rebates 460 132 Rent and occupancy costs 458 73 Deferred revenue 201 841 Construction costs 55 60 Interest 4,043 4,057 Professional fees 158 200 Sales, use and other taxes 192 60 Corporate income taxes 621 - Other 455 262 Total accrued expenses and other current liabilities $ 8,585 $ 8,478
Schedule of Other Assets and Other Liabilities [Table Text Block]	September 26, March 28, 2021 2021 Reserve for uncertain tax positions $ 713 $ 653 Other 121 121 Total other liabilities $ 834 $ 774

Note N - Segment Information (T

Note N - Segment Information (Tables)	6 Months Ended
	Sep. 26, 2021
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Thirteen weeks ended Twenty-six weeks ended September 26, 2021 September 27, 2020 September 26, 2021 September 27, 2020 Revenues Branded Product Program $ 19,063 $ 9,698 $ 35,059 $ 14,447 Product licensing 7,658 8,268 18,340 18,791 Restaurant operations 5,604 3,470 9,840 5,595 Corporate (1) 553 403 958 692 Total revenues $ 32,878 $ 21,839 $ 64,197 $ 39,525 Income from operations Branded Product Program $ 1,161 $ 1,252 $ 3,415 $ 1,524 Product licensing 7,612 8,223 18,249 18,700 Restaurant operations 694 (138 ) 692 (1,031 ) Corporate (2,028 ) (1,753 ) (4,215 ) (3,515 ) Income from operations $ 7,439 $ 7,584 $ 18,141 $ 15,678 Interest expense (2,651 ) (2,651 ) (5,301 ) (5,301 ) Interest income 28 103 64 220 Other income, net 5 22 21 22 Income before provision for income taxes $ 4,821 $ 5,058 $ 12,925 $ 10,619

Note O - Share-based Compensa_2

Note O - Share-based Compensation (Tables)	6 Months Ended
	Sep. 26, 2021
Notes Tables
Share-based Payment Arrangement, Cost by Plan [Table Text Block]	Thirteen weeks ended Twenty-six weeks ended September 26, 2021 September 27, 2020 September 26, 2021 September 27, 2020 Stock options $ 23 $ 21 $ 44 $ 42 Restricted stock 6 8 14 16 Total compensation cost $ 29 $ 29 $ 58 $ 58
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	Weighted-average option fair values $ 13.04 Expected life (years) 4.4 Interest rate 0.82 % Volatility 27.69 % Dividend yield 2.04 %
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 28, 2021 10,000 $ 89.90 2.46 - Granted 10,000 $ 68.50 4.87 - Exercised - - - - Options outstanding at September 26, 2021 20,000 $ 79.20 3.42 - Options exercisable at September 26, 2021 10,000 $ 89.90 1.96 -
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]	Weighted- Average Grant-date Fair value Shares Per share Unvested restricted stock at March 28, 2021 333 $ 89.90 Granted - - Vested (333 ) $ 89.90 Unvested restricted stock at September 26, 2021 - -

Note Q - Long-term Debt (Tables

Note Q - Long-term Debt (Tables)	6 Months Ended
	Sep. 26, 2021
Notes Tables
Schedule of Debt [Table Text Block]	September 26, March 28, 2021 2021 6.625% Senior Secured Notes due 2025 $ 150,000 $ 150,000 Less: unamortized debt issuance costs (2,823 ) (3,169 ) Long-term debt, net $ 147,177 $ 146,831
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 R - Leases (Tables)

Note R - Leases (Tables)	6 Months Ended
	Sep. 26, 2021
Notes Tables
Lease, Cost [Table Text Block]	Thirteen weeks ended Twenty-six weeks ended September 26, 2021 September 27, 2020 September 26, 2021 September 27, 2020 Statement of Earnings Operating lease cost $ 413 $ 396 $ 845 $ 811 Variable lease cost 524 377 966 715 Less: Sublease income, net (5 ) (22 ) (21 ) (22 ) Total net lease cost (a) $ 932 $ 751 $ 1,790 $ 1,504
Leases, Cash Flows [Table Text Block]	Thirteen weeks ended Twenty-six weeks ended September 26, 2021 September 27, 2020 September 26, 2021 September 27, 2020 Operating cash flows from operating leases $ 183 $ 202 $ 357 $ 407
Lessee, Operating Leases, Weighted Average Remaining Lease Term and Discount Rate [Table Text Block]	Weighted average remaining lease term (years): 6.7 Weighted average discount rate: 8.882 %
Operating Lease, Maturity [Table Text Block]	Payments Receipts Operating Leases Subleases Net Leases Fiscal year: 2022 (a) $ 760 $ 77 $ 683 2023 1,849 168 1,681 2024 1,774 169 1,605 2025 1,678 169 1,509 2026 1,712 169 1,543 Thereafter 3,762 183 3,579 Total lease commitments $ 11,535 $ 935 $ 10,600 Less: Amount representing interest 2,822 Present value of lease liabilities (b) $ 8,713
Operating Lease, Lease Income [Table Text Block]	Thirteen weeks ended Twenty-six weeks ended September 26, 2021 September 27, 2020 September 26, 2021 September 27, 2020 Operating lease income, net $ 5 $ 22 $ 21 $ 22

Note D - Revenues 1 (Details Te

Note D - Revenues 1 (Details Textual) - USD ($) $ in Thousands	6 Months Ended
	Sep. 26, 2021	Sep. 27, 2020	Mar. 28, 2021
Contract with Customer, Liability, Current	$ 351		$ 237
Contract with Customer, Liability, Noncurrent	1,768		$ 1,536
Contract with Customer, Liability, Revenue Recognized	$ 237	$ 148

Note D - Revenues 2 (Details Te

Note D - Revenues 2 (Details Textual)	Sep. 26, 2021
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-09-27
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, 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, 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, Expected Timing of Satisfaction, Period (Year)	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-03-31
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period (Year)	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-03-30
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period (Year)	1 year

Note D - Revenues - Disaggregat

Note D - Revenues - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 26, 2021	Sep. 27, 2020	Sep. 26, 2021	Sep. 27, 2020
Revenues	$ 32,878	$ 21,839	$ 64,197	$ 39,525
Branded Products [Member]
Revenues	19,063	9,698	35,059	14,447
Company-operated Restaurants [Member]
Revenues	4,437	2,994	7,766	4,928
Product [Member]
Revenues	23,500	12,692	42,825	19,375
License [Member]
Revenues	7,658	8,268	18,340	18,791
Royalty [Member]
Revenues	1,037	409	1,837	519
Franchise [Member]
Revenues	130	67	237	148
Franchise Fees and Royalties [Member]
Revenues	1,167	476	2,074	667
Advertising Fund Revenue [Member]
Revenues	$ 553	$ 403	$ 958	$ 692

Note D - Revenues - Revenues by

Note D - Revenues - Revenues by Geographical Market (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 26, 2021	Sep. 27, 2020	Sep. 26, 2021	Sep. 27, 2020
Revenues	$ 32,878	$ 21,839	$ 64,197	$ 39,525
UNITED STATES
Revenues	31,878	21,501	62,479	38,913
Non-US [Member]
Revenues	$ 1,000	$ 338	$ 1,718	$ 612

Note D - Revenues - Contract Li

Note D - Revenues - Contract Liabilities From Contracts With Customers (Details) - USD ($) $ in Thousands		Sep. 26, 2021	Mar. 28, 2021
Receivables, which are included in “Accounts and other receivables, net” (a)	[1]	$ 250	$ 0
Deferred franchise fees (b)	[2]	$ 2,119	$ 1,773
[1]	Includes receivables related to "franchise fees and royalties"
[2]	Deferred franchise fees of $351 and $1,768 as of September 26, 2021 and $237 and $1,536 as of March 28, 2021 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	6 Months Ended
	Sep. 26, 2021	Sep. 27, 2020
Deferred franchise fees at beginning of period	$ 1,773	$ 1,917
Additions to deferred revenue	583	65
Revenue recognized during the period	(237)	(148)
Deferred franchise fees at end of period	$ 2,119	$ 1,834

Note D - Revenues - Remaining P

Note D - Revenues - Remaining Performance Obligations (Details) $ in Thousands	Sep. 26, 2021USD ($)
Revenue, Remaining Performance Obligation, Amount	$ 2,119

Note D - Revenues - Remaining_2

Note D - Revenues - Remaining Performance Obligations 2 (Details) $ in Thousands	Sep. 26, 2021USD ($)
Revenue, Remaining Performance Obligation, Amount	$ 2,119
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-09-27
Revenue, Remaining Performance Obligation, Amount	180	[1]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-03-28
Revenue, Remaining Performance Obligation, Amount	322
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-03-27
Revenue, Remaining Performance Obligation, Amount	301
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-04-01
Revenue, Remaining Performance Obligation, Amount	285
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-03-31
Revenue, Remaining Performance Obligation, Amount	258
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-03-30
Revenue, Remaining Performance Obligation, Amount	$ 773
[1]	Represents franchise fees expected to be recognized for the remainder of the 2022 fiscal year, which includes international development fees expected to be recognized over the duration of one year or less. Amount does not include $237 of franchise fee revenue recognized for the twenty-six weeks ended September 26, 2021.

Note E - Income Per Share (Deta

Note E - Income Per Share (Details Textual) - shares	3 Months Ended		6 Months Ended
	Sep. 26, 2021	Sep. 27, 2020	Sep. 26, 2021	Sep. 27, 2020
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	20,000	10,000	20,000	10,000

Note E - Income Per Share - Ear

Note E - Income Per Share - Earnings Per Share Reconciliation (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 26, 2021	Sep. 27, 2020	Sep. 26, 2021	Sep. 27, 2020
Net income, basic calculation	$ 3,545	$ 3,655	$ 9,308	$ 7,655
Number of shares, basic calculation (in shares)	4,115	4,115	4,115	4,118
Net income per share, basic calculation (in dollars per share)	$ 0.86	$ 0.89	$ 2.26	$ 1.86
Effect of dilutive employee stock options (in shares)	0	0	0	0
Effect of dilutive employee stock options (in dollars per share)	$ 0	$ 0	$ 0	$ 0
Net income, diluted calculation	$ 3,545	$ 3,655	$ 9,308	$ 7,655
Number of shares, diluted calculation (in shares)	4,115	4,115	4,115	4,118
Net income per share, diluted calculation (in dollars per share)	$ 0.86	$ 0.89	$ 2.26	$ 1.86

Note F - Cash and Cash Equiva_2

Note F - Cash and Cash Equivalents (Details Textual) - USD ($) $ in Thousands	Sep. 26, 2021	Mar. 28, 2021
Cash Equivalents, at Carrying Value, Total	$ 0	$ 0

Note G - Fair Value Measureme_3

Note G - Fair Value Measurements - Face Value and Fair Value of Long-term Debt (Details) - USD ($) $ in Thousands	Sep. 26, 2021	Mar. 28, 2021
Long-term debt, face value	$ 150,000	$ 150,000
Long-term debt, fair value	$ 153,212	$ 154,420

Note H - Accounts and Other R_3

Note H - Accounts and Other Receivables, Net (Details Textual)	6 Months Ended
	Sep. 26, 2021
Accounts Receivable Payment Terms (Day)	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	Sep. 26, 2021	Mar. 28, 2021	Mar. 29, 2020
Accounts receivable, gross, current	$ 15,112	$ 11,997
Less: allowance for doubtful accounts	295	345	$ 237
Accounts and other receivables, net	14,817	11,652
Branded Product Sales [Member]
Accounts receivable, gross, current	10,458	6,480
Franchise and License Royalties [Member]
Accounts receivable, gross, current	3,307	5,224
Other Receivables [Member]
Accounts receivable, gross, current	$ 1,347	$ 293

Note H - Accounts and Other R_5

Note H - Accounts and Other Receivables, Net - Changes in Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Sep. 26, 2021	Sep. 27, 2020	Mar. 28, 2021
Beginning balance	$ 345	$ 237	$ 237
Bad debt expense	27	$ 27	101
Write-offs and other	(77)		7
Ending balance	$ 295		$ 345

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	Sep. 26, 2021	Mar. 28, 2021
Income taxes	$ 0	$ 280
Real estate taxes	72	87
Insurance	162	388
Marketing	0	196
Other	378	374
Total prepaid expenses and other current assets	$ 612	$ 1,325

Note J - Goodwill and Intangi_2

Note J - Goodwill and Intangible Asset (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 26, 2021	Sep. 27, 2020	Sep. 26, 2021	Sep. 27, 2020
Goodwill, Impairment Loss	$ 0	$ 0	$ 0	$ 0
Impairment of Intangible Assets, Finite-lived	$ 0	$ 0	$ 0	$ 0

Note K - Long Lived Assets (Det

Note K - Long Lived Assets (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 26, 2021	Sep. 27, 2020	Sep. 26, 2021	Sep. 27, 2020
Impairment, Long-Lived Asset, Held-for-Use, Total	$ 0	$ 0	$ 0	$ 0

Note L - Accrued Expenses, Ot_3

Note L - Accrued Expenses, Other Current Liabilities and Other Liabilities - Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Sep. 26, 2021	Mar. 28, 2021
Payroll and other benefits	$ 1,942	$ 2,793
Accrued rebates	460	132
Rent and occupancy costs	458	73
Construction costs	55	60
Interest	4,043	4,057
Professional fees	158	200
Sales, use and other taxes	192	60
Corporate income taxes	621	0
Other	455	262
Total accrued expenses and other current liabilities	8,585	8,478
Deferred Franchise Fees And Other Deferred Revenue [Member]
Deferred revenue	$ 201	$ 841

Note L - Accrued Expenses, Ot_4

Note L - Accrued Expenses, Other Current Liabilities and Other Liabilities - Other Liabilities (Details) - USD ($) $ in Thousands	Sep. 26, 2021	Mar. 28, 2021
Reserve for uncertain tax positions	$ 713	$ 653
Other	121	121
Total other liabilities	$ 834	$ 774

Note M - Income Taxes (Details

Note M - Income Taxes (Details Textual) - USD ($)	6 Months Ended
	Sep. 26, 2021	Sep. 27, 2020
Effective Income Tax Rate Reconciliation, Percent, Total	28.00%	27.90%
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	$ 433,000
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued, Total	$ 293,000

Note N - Segment Information -

Note N - Segment Information - Operating Segment Information (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Sep. 26, 2021	Sep. 27, 2020	Sep. 26, 2021	Sep. 27, 2020
Revenues		$ 32,878	$ 21,839	$ 64,197	$ 39,525
Income from operations		7,439	7,584	18,141	15,678
Interest expense		(2,651)	(2,651)	(5,301)	(5,301)
Interest income		28	103	64	220
Other income, net		5	22	21	22
Income before provision for income taxes		4,821	5,058	12,925	10,619
Corporate, Non-Segment [Member]
Revenues	[1]	553	403	958	692
Income from operations		(2,028)	(1,753)	(4,215)	(3,515)
Branded Product Program [Member] | Operating Segments [Member]
Revenues		19,063	9,698	35,059	14,447
Income from operations		1,161	1,252	3,415	1,524
Product Licensing [Member] | Operating Segments [Member]
Revenues		7,658	8,268	18,340	18,791
Income from operations		7,612	8,223	18,249	18,700
Restaurant Operations [Member] | Operating Segments [Member]
Revenues		5,604	3,470	9,840	5,595
Income from operations		$ 694	$ (138)	$ 692	$ (1,031)
[1]	Represents advertising fund revenue

Note O - Share-based Compensa_3

Note O - Share-based Compensation (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 26, 2021	Sep. 27, 2020	Sep. 26, 2021	Sep. 27, 2020
Share-based Payment Arrangement, Expense	$ 29,000	$ 29,000	$ 58,000	$ 58,000
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total	126,000		$ 126,000
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Month)			23 months
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares)			10,000
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in dollars per share)			$ 68.50
Share-based Payment Arrangement, Option [Member]
Share-based Payment Arrangement, Expense	$ 23,000	$ 21,000	$ 44,000	$ 42,000
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year)			5 years
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)			4 years

Note O - Share-based Compensa_4

Note O - Share-based Compensation - Compensation Cost Charged to Expense Under All Stock-based Incentive Awards (Details) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 26, 2021	Sep. 27, 2020	Sep. 26, 2021	Sep. 27, 2020
Share-based compensation expense	$ 29,000	$ 29,000	$ 58,000	$ 58,000
Share-based Payment Arrangement, Option [Member]
Share-based compensation expense	23,000	21,000	44,000	42,000
Restricted Stock [Member]
Share-based compensation expense	$ 6,000	$ 8,000	$ 14,000	$ 16,000

Note O - Share-based Compensa_5

Note O - Share-based Compensation - Stock Option Valuation Assumptions (Details) - Share-based Payment Arrangement, Option [Member]	6 Months Ended
	Sep. 26, 2021$ / shares
Weighted-average option fair values (in dollars per share)	$ 13.04
Expected life (years) (Year)	4 years 4 months 24 days
Interest rate	0.82%
Volatility	27.69%
Dividend yield	2.04%

Note O - Share-based Compensa_6

Note O - Share-based Compensation - Outstanding Stock Options (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended	12 Months Ended
	Sep. 26, 2021	Mar. 28, 2021
Options outstanding (in shares)	10,000
Options outstanding, weighted average exercise price (in dollars per share)	$ 89.90
Options outstanding, weighted average remaining contractual life (Year)	3 years 5 months 1 day	2 years 5 months 15 days
Options granted (in shares)	10,000
Granted, weighted average exercise price (in dollars per share)	$ 68.50
Granted, weighted average remaining contractual life (Year)	4 years 10 months 13 days
Options exercised (in shares)	0
Exercised, weighted average exercise price (in dollars per share)	$ 0
Exercised, aggregate intrinsic value	$ 0
Options outstanding (in shares)	20,000	10,000
Options outstanding, weighted average exercise price (in dollars per share)	$ 79.20	$ 89.90
Options outstanding, aggregate intrinsic value	$ 0
Options exercisable (in shares)	10,000
Options exercisable, weighted average exercise price (in dollars per share)	$ 89.90
Options exercisable, weighted average remaining contractual life (Year)	1 year 11 months 15 days
Options exercisable, aggregate intrinsic value	$ 0

Note O - Share-based Compensa_7

Note O - Share-based Compensation - Transactions With Respect to Restricted Stock (Details) - Restricted Stock [Member]	6 Months Ended
	Sep. 26, 2021$ / sharesshares
Unvested restricted stock, Shares (in shares) | shares	333
Unvested restricted stock, weighted average grant date fair value per share (in dollars per share) | $ / shares	$ 89.90
Granted, Shares (in shares) | shares	0
Granted, weighted average grant date fair value per share (in dollars per share) | $ / shares	$ 0
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	0
Unvested restricted stock, weighted average grant date fair value per share (in dollars per share) | $ / shares	$ 0

Note P - Stockholders' Equity (

Note P - Stockholders' Equity (Details Textual) - USD ($)	Nov. 05, 2021	Sep. 03, 2021	Aug. 06, 2021	Jun. 25, 2021	Jun. 11, 2021	Sep. 26, 2021	Sep. 27, 2020	Sep. 26, 2021	Sep. 27, 2020	Sep. 26, 2021	Sep. 26, 2021	Sep. 18, 2019	Mar. 11, 2016
Common Stock, Dividends, Per Share, Declared (in dollars per share)			$ 0.35		$ 0.35	$ 0.35	$ 0.35	$ 0.70	$ 0.70
Payments of Ordinary Dividends, Common Stock		$ 1,440,000		$ 1,440,000
Treasury Stock, Shares, Acquired (in shares)								0			5,254,081
Treasury Stock, Value, Acquired, Cost Method									$ 1,501		$ 84,770,000
Sixth Stock Repurchase Plan [Member]
Treasury Stock, Shares, Acquired (in shares)										1,066,450
Treasury Stock, Value, Acquired, Cost Method										$ 37,108,000
Stock Repurchase Program, Number of Shares Authorized to be Repurchased (in shares)													1,200,000
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased (in shares)						133,550		133,550		133,550	133,550
Repurchase Program [Member]
Treasury Stock, Shares, Acquired (in shares)								26,676
Treasury Stock, Value, Acquired, Cost Method								$ 1,501,000
Treasury Stock Acquired, Average Cost Per Share (in dollars per share)								$ 56.26
The 2019 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares)												369,584
The 2019 Stock Incentive Plan [Member] | Shares Expired or Forfeited up to 100000 Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares)												11,000
The 2019 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 (in shares)						198,584		198,584		198,584	198,584
The 2019 Stock Incentive Plan [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares)						181,683		181,683		181,683	181,683
The 2010 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares)												208,584
Subsequent Event [Member]
Common Stock, Dividends, Per Share, Declared (in dollars per share)	$ 0.35

Note Q - Long-term Debt (Detail

Note Q - Long-term Debt (Details Textual) - USD ($)	Nov. 01, 2021	May 01, 2021	Nov. 01, 2017	Jun. 01, 2020
Dividends Payable, Amount Per Share (in dollars per share)			$ 5
Senior Notes [Member]
Debt Instrument, Fixed Charge Coverage Ratio			2
Debt Instrument, Priority Secured Leverage Ratio			0.40
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 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%
Debt Instrument, Face Amount			$ 135,000,000
Debt Instrument, Repurchased Face Amount				$ 10,000,000
Senior Notes [Member] | Senior Secured 2020 Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage			10.00%
Debt Instrument, Periodic Payment, Interest		$ 4,968,750
Senior Notes [Member] | Senior Secured 2020 Notes [Member] | Subsequent Event [Member]
Debt Instrument, Periodic Payment, Interest	$ 4,968,750

Note Q - Long-term Debt - Summa

Note Q - Long-term Debt - Summary of Debt (Details) - USD ($) $ in Thousands	Sep. 26, 2021	Mar. 28, 2021
Long-term debt, face value	$ 150,000	$ 150,000
Less: unamortized debt issuance costs	(2,823)	(3,169)
Long-term debt, net	147,177	146,831
Senior Secured 2025 Notes [Member] | Senior Notes [Member]
Long-term debt, face value	$ 150,000	$ 150,000

Note Q - Long-term Debt - Sum_2

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

Note Q - Long-term Debt - Sum_3

Note Q - Long-term Debt - Summary of Redemption Features (Details)	6 Months Ended
	Sep. 26, 2021
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 R - Leases (Details Textua

Note R - Leases (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 26, 2021	Sep. 27, 2020	Sep. 26, 2021	Sep. 27, 2020	Mar. 28, 2021
Operating Lease, Cost	$ 413	$ 396	$ 845	$ 811
Operating Lease Payments, Net Sublease Income			890
Operating Lease, Liability, Current	1,846		1,846		$ 1,837
Operating Lease, Liability, Noncurrent	6,867		6,867		$ 7,553
Restaurant Operating Expense [Member]
Operating Lease, Cost	770	614	1,470	1,194
General and Administrative Expense [Member]
Operating Lease, Cost	167	159	341	332
Other Income [Member]
Operating Lease, Cost	$ 5	$ 22	$ 21	$ 22

Note R - Leases - Components of

Note R - Leases - Components of Net Lease Cost (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Sep. 26, 2021	Sep. 27, 2020	Sep. 26, 2021	Sep. 27, 2020
Operating lease cost		$ 413	$ 396	$ 845	$ 811
Variable lease cost		524	377	966	715
Less: Sublease income, net		(5)	(22)	(21)	(22)
Total net lease cost (a)	[1]	$ 932	$ 751	$ 1,790	$ 1,504
[1]	The thirteen and twenty-six week periods ended September 26, 2021 and September 27, 2020 include $770, net and $1,470, net and $614, net and $1,194, net, respectively, recorded to "Restaurant Operating Expenses" for leases for Company-operated restaurants; $167 and $341, and $159 and $332, respectively, recorded to "General and administrative expenses" for leases for corporate offices and equipment; and $5 and $21, and $22 and $22, respectively, recorded to "Other income, net" for leased properties that are leased to franchisees.

Note R - Leases - Cash Paid for

Note R - Leases - Cash Paid for Amounts Included in the Measurement of Lease Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 26, 2021	Sep. 27, 2020	Sep. 26, 2021	Sep. 27, 2020
Operating cash flows from operating leases	$ 183	$ 202	$ 357	$ 407

Note R - Leases - Weighted Aver

Note R - Leases - Weighted Average Remaining Lease Term and Weighted-average Discount Rate (Details)	Sep. 26, 2021
Weighted average remaining lease term (years): (Year)	6 years 8 months 12 days
Weighted average discount rate:	8.882%

Note R - Leases - Future Lease

Note R - Leases - Future Lease Commitments to Be Paid and Received (Details) $ in Thousands	Sep. 26, 2021USD ($)
2022, payments operating leases	$ 760	[1]
2022, receipts subleases	77	[1]
2022, net leases	683	[1]
2023, payments operating leases	1,849
2023, receipts subleases	168
2023, net leases	1,681
2024, payments operating leases	1,774
2024, receipts subleases	169
2024, net leases	1,605
2025, payments operating leases	1,678
2025, receipts subleases	169
2025, net leases	1,509
2026, payments operating leases	1,712
2026, receipts subleases	169
2026, net leases	1,543
Thereafter, payments operating leases	3,762
Thereafter, receipts subleases	183
Thereafter, net leases	3,579
Total lease commitments, payments operating leases	11,535
Total lease commitments, receipts subleases	935
Total lease commitments, net leases	10,600
Less: Amount representing interest, payments operating leases	2,822
Present value of lease liabilities, payments operating leases	$ 8,713	[2]
[1]	Represents future lease commitments to be paid and received by the Company for the remainder of the 2022 fiscal year. Amount does not include $890 of lease commitments paid and received by the Company for the twenty-six week period ended September 26, 2021.
[2]	The present value of minimum operating lease payments of $1,846 and $6,867 are included in "Current portion of operating lease liabilities" and "Long-term operating lease liabilities," respectively on the Consolidated Balance Sheet.

Note R - Leases - Components _2

Note R - Leases - Components of Lease Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 26, 2021	Sep. 27, 2020	Sep. 26, 2021	Sep. 27, 2020
Operating lease income, net	$ 5	$ 22	$ 21	$ 22

Note S - Commitments and Cont_2

Note S - Commitments and Contingencies (Details Textual)	Sep. 26, 2021USD ($)
Guaranty Liabilities	$ 113,000