Nathan's Famous (NATH) 10-Q 2 Nov 23 2023 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Sep. 24, 2023	Oct. 27, 2023
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 24, 2023
Document Transition Report	false
Entity File Number	001-35962
Entity Registrant Name	NATHAN'S FAMOUS, INC.
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 (in shares)		4,079,720
Entity Central Index Key	0000069733
Current Fiscal Year End Date	--03-26
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Amendment Flag	false

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Sep. 24, 2023	Mar. 26, 2023
CURRENT ASSETS
Cash and cash equivalents	$ 36,978	$ 29,861
Accounts and other receivables, net (Note G)	15,762	15,066
Inventories	921	539
Prepaid expenses and other current assets (Note H)	846	1,895
Total current assets	54,507	47,361
Property and equipment, net of accumulated depreciation of $11,411 and $10,871, respectively	2,949	3,321
Operating lease assets (Note Q)	6,638	6,421
Goodwill	95	95
Intangible asset, net (Note I)	782	869
Deferred income taxes	467	375
Other assets	154	168
Total assets	65,592	58,610
CURRENT LIABILITIES
Accounts payable	5,611	6,461
Accrued expenses and other current liabilities (Note K)	6,638	8,130
Current portion of operating lease liabilities (Note Q)	1,875	1,782
Deferred franchise fees	336	336
Total current liabilities	14,460	16,709
Long-term debt, net of unamortized debt issuance costs of $768 and $952, respectively (Note P)	79,232	79,048
Operating lease liabilities (Note Q)	5,408	5,406
Other liabilities	783	737
Deferred franchise fees	1,080	1,272
Total liabilities	100,963	103,172
Commitments and Contingencies
STOCKHOLDERS’ DEFICIT
Common stock, $.01 par value; 30,000,000 shares authorized; 9,369,235 shares issued; and 4,079,720 shares outstanding at September 24, 2023 and March 26, 2023	94	94
Additional paid-in capital	62,924	62,565
Accumulated deficit	(11,727)	(20,559)
Stockholders’ equity before treasury stock	51,291	42,100
Treasury stock, at cost, 5,289,515 shares at September 24, 2023 and March 26, 2023	(86,662)	(86,662)
Total stockholders’ deficit	(35,371)	(44,562)
Total liabilities and stockholders’ deficit	$ 65,592	$ 58,610

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands	Sep. 24, 2023	Mar. 26, 2023
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment, Ending Balance	$ 11,411	$ 10,871
Unamortized Debt Issuance Expense	$ 768	$ 952
Common Stock, Par or Stated Value Per Share (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	9,369,235
Common Stock, Shares, Outstanding, Ending Balance (in shares)	4,079,720	4,079,720
Common Class A [Member]
Treasury Stock, shares (in shares)	5,289,515	5,289,515

Consolidated Statements of Earn

Consolidated Statements of Earnings (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 24, 2023	Sep. 25, 2022	Sep. 24, 2023	Sep. 25, 2022
REVENUES
Revenues	$ 38,744	$ 37,497	$ 80,729	$ 77,217
COSTS AND EXPENSES
Cost of sales	24,187	21,898	48,871	44,565
Restaurant operating expenses	1,340	1,253	2,383	2,285
Depreciation and amortization	315	301	628	534
General and administrative expenses	3,229	3,372	7,287	6,961
Advertising fund expense	569	759	993	1,178
Total costs and expenses	29,640	27,583	60,162	55,523
Income from operations	9,104	9,914	20,567	21,694
Interest expense	(1,413)	(1,943)	(2,827)	(3,887)
Interest income	150	80	212	102
Other income, net	23	34	44	56
Income before provision for income taxes	7,864	8,085	17,996	17,965
Provision for income taxes	2,153	2,127	4,897	4,870
Net income	$ 5,711	$ 5,958	$ 13,099	$ 13,095
Weighted average shares used in computing income per share:
Basic (in shares)	4,080	4,083	4,080	4,098
Diluted (in shares)	4,092	4,083	4,090	4,098
Income per share:
Basic (in dollars per share)	$ 1.40	$ 1.46	$ 3.21	$ 3.20
Diluted (in dollars per share)	1.40	1.46	3.20	3.20
Dividends declared per share (in dollars per share)	$ 0.50	$ 0.45	$ 1	$ 0.90
Product [Member]
REVENUES
Revenues	$ 28,545	$ 27,301	$ 57,373	$ 54,195
License [Member]
REVENUES
Revenues	8,339	8,413	19,997	19,727
Franchise Fees and Royalties [Member]
REVENUES
Revenues	1,291	1,199	2,366	2,292
Advertising Fund Revenue [Member]
REVENUES
Revenues	$ 569	$ 584	$ 993	$ 1,003

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Deficit (Unaudited) - USD ($) $ in Thousands	Common Stock [Member] Cumulative Effect, Period of Adoption, Adjustment [Member]	Common Stock [Member]	Additional Paid-in Capital [Member] Cumulative Effect, Period of Adoption, Adjustment [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member] Cumulative Effect, Period of Adoption, Adjustment [Member]	Retained Earnings [Member]	Treasury Stock, Common [Member] Cumulative Effect, Period of Adoption, Adjustment [Member]	Treasury Stock, Common [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]	Total
Balance (in shares) at Mar. 27, 2022		9,369,235						5,254,081
Balance at Mar. 27, 2022		$ 94		$ 62,307		$ (32,619)		$ (84,770)		$ (54,988)
Dividends on common stock		0		0		(3,688)		0		(3,688)
Share-based compensation		0		16		0		0		16
Net income		$ 0		0		13,095		$ 0		13,095
Repurchase of common stock (in shares)		0						35,434
Repurchase of common stock		$ 0		0		0		$ 1,892		1,892
Dividends on common stock		$ 0		0		3,688		$ 0		3,688
Repurchase of common stock (in shares)		0						(35,434)
Repurchase of common stock		$ 0		0		0		$ (1,892)		(1,892)
Balance (in shares) at Sep. 25, 2022		9,369,235						5,289,515
Balance at Sep. 25, 2022		$ 94		62,323		(23,212)		$ (86,662)		(47,457)
Balance (in shares) at Jun. 26, 2022		9,369,235						5,274,451
Balance at Jun. 26, 2022		$ 94		62,315		(27,334)		$ (85,840)		(50,765)
Dividends on common stock		0		0		(1,836)		0		(1,836)
Share-based compensation		0		8		0		0		8
Net income		0		0		5,958		$ 0		5,958
Repurchase of common stock (in shares)								15,064
Repurchase of common stock								$ 822		822
Dividends on common stock		$ 0		0		1,836		$ 0		1,836
Repurchase of common stock (in shares)								(15,064)
Repurchase of common stock								$ (822)		(822)
Balance (in shares) at Sep. 25, 2022		9,369,235						5,289,515
Balance at Sep. 25, 2022		$ 94		62,323		(23,212)		$ (86,662)		$ (47,457)
Balance (in shares) at Mar. 26, 2023	0	9,369,235					0	5,289,515		4,079,720
Balance at Mar. 26, 2023	$ 0	$ 94	$ 0	62,565	$ (187)	(20,559)	$ 0	$ (86,662)	$ (187)	$ (44,562)
Dividends on common stock		0		0		(4,080)		0		(4,080)
Share-based compensation		0		359		0		0		359
Net income		0		0		13,099		0		13,099
Dividends on common stock		$ 0		0		4,080		$ 0		$ 4,080
Balance (in shares) at Sep. 24, 2023		9,369,235						5,289,515		4,079,720
Balance at Sep. 24, 2023		$ 94		62,924		(11,727)		$ (86,662)		$ (35,371)
Balance (in shares) at Jun. 25, 2023		9,369,235						5,289,515
Balance at Jun. 25, 2023		$ 94		62,742		(15,398)		$ (86,662)		(39,224)
Dividends on common stock						(2,040)				(2,040)
Share-based compensation				182						182
Net income						5,711		$ 0		5,711
Dividends on common stock						2,040				$ 2,040
Balance (in shares) at Sep. 24, 2023		9,369,235						5,289,515		4,079,720
Balance at Sep. 24, 2023		$ 94		$ 62,924		$ (11,727)		$ (86,662)		$ (35,371)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Sep. 24, 2023	Sep. 25, 2022	Sep. 24, 2023	Sep. 25, 2022	Mar. 26, 2023
Cash flows from operating activities:
Net income	$ 5,711	$ 5,958	$ 13,099	$ 13,095
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	315	301	628	534
Gain on disposal of property and equipment			0	(14)
Amortization of debt issuance costs			184	254
Share-based compensation expense			359	16
Provision for uncollectible accounts			55	80	$ 457
Deferred income taxes			(27)	15
Other non-cash items			(122)	(123)
Changes in operating assets and liabilities:
Accounts and other receivables, net			(1,003)	(2,877)
Inventories			(382)	(201)
Prepaid expenses and other current assets			1,049	573
Other assets			14	13
Accounts payable, accrued expenses and other current liabilities			(2,342)	(1,384)
Deferred franchise fees			(192)	(259)
Other liabilities			46	50
Net cash provided by operating activities			11,366	9,772
Cash flows from investing activities:
Insurance proceeds for property and equipment			0	42
Purchase of property and equipment			(169)	(440)
Net cash used in investing activities			(169)	(398)
Cash flows from financing activities:
Dividends paid to stockholders			(4,080)	(3,688)
Repurchase of treasury stock			0	(1,892)
Net cash used in financing activities			(4,080)	(5,580)
Net increase (decrease) in cash			7,117	3,794
Cash, beginning of period			29,861	50,063	50,063
Cash, end of period	$ 36,978	$ 53,857	36,978	53,857	$ 29,861
Cash paid during the period for:
Interest			2,650	3,644
Income taxes paid			$ 4,265	$ 3,576
Non-cash financing activity:
Dividends declared per share (in dollars per share)	$ 0.50	$ 0.45	$ 1	$ 0.90

Note A - Basis of Presentation

Note A - Basis of Presentation	6 Months Ended
	Sep. 24, 2023
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 and twenty-six week periods ended September 24, 2023 and September 25, 2022 have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). The unaudited financial statements include all adjustments (consisting of normal recurring adjustments) which, in the opinion of management, are necessary for a fair presentation of financial condition, results of operations and cash flows for the periods presented. However, our results of operations are seasonal in nature, and the results of any interim period are not necessarily indicative of results for any other interim period or the full fiscal year. The Company uses a 52-53 week fiscal year ending on the Sunday closest to March 31. The 2024 fiscal year will end on March 31, 2024 and will contain 53 weeks. Certain information and footnote disclosures normally included in financial statements in accordance with GAAP have been omitted pursuant to the requirements of the U.S. Securities and Exchange Commission (“SEC”). Management believes that the disclosures included in the accompanying consolidated interim financial statements and footnotes are adequate to make the information not misleading, but should be read in conjunction with the Consolidated Financial Statements and Notes thereto included in Nathan’s Annual Report on Form 10-K for the fiscal year ended March 26, 2023 as filed with the SEC on June 8, 2023. Our significant interim accounting policies include the recognition of advertising fund expense in proportion to advertising fund revenue, and the recognition of income taxes using an estimated annual effective tax rate. 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-K for the fiscal year ended March 26, 2023.

Note B - Adoption of New Accoun

Note B - Adoption of New Accounting Standard	6 Months Ended
	Sep. 24, 2023
Notes to Financial Statements
Accounting Standards Update and Change in Accounting Principle [Text Block]	NOTE B – ADOPTION OF NEW ACCOUNTING STANDARD In June 2016, the Financial Accounting Standards Board (“FASB”) issued ASU 2016-13, “ Financial Instruments Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, Upon adoption, the Company recorded an increase to the allowance for credit losses of $252 and a cumulative effect adjustment to retained earnings of $187, net of $65 of income taxes. The Company does not believe that any recently issued, but not yet effective accounting standards, when adopted, will have a material effect on the accompanying consolidated financial statements.

Note C - Revenues

Note C - Revenues	6 Months Ended
	Sep. 24, 2023
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	NOTE C – REVENUES The Company’s disaggregated revenues for the thirteen and twenty-six weeks ended September 24, 2023 and September 25, 2022 are as follows (in thousands): Thirteen weeks ended Twenty-six weeks ended September 24, 2023 September 25, 2022 September 24, 2023 September 25, 2022 Branded Products $ 23,352 $ 22,030 $ 48,522 $ 45,201 Company-owned restaurants 5,193 5,271 8,851 8,994 Total sales 28,545 27,301 57,373 54,195 License royalties 8,339 8,413 19,997 19,727 Franchise royalties 1,148 1,055 2,128 1,956 Franchise fees 143 144 238 336 Total franchise fees and royalties 1,291 1,199 2,366 2,292 Advertising fund revenue 569 584 993 1,003 Total revenues $ 38,744 $ 37,497 $ 80,729 $ 77,217 The following table disaggregates revenues by primary geographical market (in thousands): Thirteen weeks ended Twenty-six weeks ended September 24, 2023 September 25, 2022 September 24, 2023 September 25, 2022 United States $ 37,444 $ 36,095 $ 77,326 $ 74,012 International 1,300 1,402 3,403 3,205 Total revenues $ 38,744 $ 37,497 $ 80,729 $ 77,217 Contract balances The following table provides information about contract liabilities from contracts with customers (in thousands): September 24, 2023 March 26, 2023 Deferred franchise fees (a) $ 1,416 $ 1,608 Deferred revenues, which are included in “Accrued expenses and other current liabilities” (b) $ 742 $ 1,406 (a) Deferred franchise fees of $336 and $1,080 as of September 24, 2023 and $336 and $1,272 as of March 26, 2023 are included in Deferred franchise fees – current and long term, respectively. (b) Includes $242 of deferred license royalties and $500 of deferred advertising fund revenue as of September 24, 2023 and $906 of deferred license royalties and $500 of deferred advertising fund revenue as of March 26, 2023. Significant changes in deferred franchise fees are as follows (in thousands): Twenty-six weeks ended September 24, 2023 September 25, 2022 Deferred franchise fees at beginning of period $ 1,608 $ 2,097 New deferrals due to cash received and other 46 77 Revenue recognized during the period (238 ) (336 ) Deferred franchise fees at end of period $ 1,416 $ 1,838 Significant changes in deferred revenues are as follows (in thousands): Twenty-six weeks ended September 24, 2023 September 25, 2022 Deferred revenues at beginning of period $ 1,406 $ 876 New deferrals due to cash received and other 500 - Revenue recognized during the period (1,164 ) (676 ) Deferred revenues at end of period $ 742 $ 200 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 2024 (a) $ 170 2025 330 2026 298 2027 185 2028 93 Thereafter 340 Total $ 1,416 (a) Represents franchise fees expected to be recognized for the remainder of the 2024 fiscal year, which includes international development fees expected to be recognized over the duration of one We have applied the optional exemption, as provided for under ASC Topic 606 “ Revenues from Contracts with Customers

Note D - Income Per Share

Note D - Income Per Share	6 Months Ended
	Sep. 24, 2023
Notes to Financial Statements
Earnings Per Share [Text Block]	NOTE D – 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 share-based awards. 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 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 and twenty-six week periods ended September 24, 2023 and September 25, 2022, respectively. Thirteen weeks Net Income Net Income Number of Shares Per Share 2023 2022 2023 2022 2023 2022 (in thousands) (in thousands) Basic EPS Basic calculation $ 5,711 $ 5,958 4,080 4,083 $ 1.40 $ 1.46 Effect of dilutive share-based awards - - 12 - - - Diluted EPS Diluted calculation $ 5,711 $ 5,958 4,092 4,083 $ 1.40 $ 1.46 Twenty-six weeks Net Income Net Income Number of Shares Per Share 2023 2022 2023 2022 2023 2022 (in thousands) (in thousands) Basic EPS Basic calculation $ 13,099 $ 13,095 4,080 4,098 $ 3.21 $ 3.20 Effect of dilutive share-based awards - - 10 - (.01 ) - Diluted EPS Diluted calculation $ 13,099 $ 13,095 4,090 4,098 $ 3.20 $ 3.20 Options to purchase 10,000 shares of common stock in the thirteen and twenty-six week periods ended September 24, 2023 were excluded in the computation of diluted earnings per share because the exercise price exceeded the average market price of common shares during these periods. Options to purchase 20,000 shares of common stock in the thirteen and twenty-six week periods ended September 25, 2022 were excluded in the computation of diluted earnings per share because the exercise price exceeded the average market price of common shares during these periods.

Note E - Cash and Cash Equivale

Note E - Cash and Cash Equivalents	6 Months Ended
	Sep. 24, 2023
Notes to Financial Statements
Cash and Cash Equivalents Disclosure [Text Block]	NOTE E – CASH AND CASH EQUIVALENTS The Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents. Cash equivalents at September 24, 2023 were $15,075. The Company did not At September 24, 2023 and March 26, 2023, substantially all of the Company’s cash balances are in excess of Federal government insurance limits. The Company has not experienced any losses in such accounts.

Note F - Fair Value Measurement

Note F - Fair Value Measurements	6 Months Ended
	Sep. 24, 2023
Notes to Financial Statements
Fair Value Disclosures [Text Block]	NOTE F – FAIR VALUE MEASUREMENTS Nathan’s follows a three-level fair value hierarchy that prioritizes the inputs to measure fair value. This hierarchy requires entities to maximize the use of “observable inputs” and minimize the use of “unobservable inputs.” The valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability on the measurement date. The three levels are defined as follows: ● Level 1 - inputs to the valuation methodology are quoted prices (unadjusted) for an identical asset or liability in an active market ● Level 2 - inputs to the valuation methodology include quoted prices for a similar asset or liability in an active market or model-derived valuations in which all significant inputs are observable for substantially the full term of the asset or liability ● Level 3 - inputs to the valuation methodology are unobservable and significant to the fair value measurement of the asset or liability The face value and fair value of long-term debt as of September 24, 2023 and March 26, 2023 were as follows (in thousands): September 24, 2023 March 26, 2023 Face value Fair value Face value Fair value Long-term debt $ 80,000 $ 79,048 $ 80,000 $ 80,080 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 measured at fair value on an ongoing basis, but are subject to fair value adjustments in certain circumstances, such as when evidence of impairment exists. At September 24, 2023, no fair value adjustment or material fair value measurements were required for non-financial assets or liabilities.

Note G - Accounts and Other Rec

Note G - Accounts and Other Receivables, Net	6 Months Ended
	Sep. 24, 2023
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	NOTE G – ACCOUNTS AND OTHER RECEIVABLES, NET Accounts and other receivables, net, consist of the following (in thousands): September 24, March 26, 2023 2023 Branded product sales $ 11,634 $ 11,106 Franchise and license royalties 3,238 3,817 Other 1,223 623 16,095 15,546 Less: allowance for credit losses (333 ) (480 ) Accounts and other receivables, net $ 15,762 $ 15,066 The recently adopted CECL guidance requires companies to use a current expected credit loss model that immediately recognizes an estimate of credit losses expected to occur over the life of the consolidated financial instruments, including trade receivables. The Company is exposed to credit losses through its trade accounts receivable. Trade accounts receivable are generally due within 30 days and are stated at amounts due from franchisees, including virtual kitchens, retail licensees and Branded Product Program customers, net of an allowance for credit losses. Accounts that are outstanding longer than the contractual payment terms are generally considered past due. Under the CECL guidance, the Company applies the credit loss methodology by pooling financial assets based on similar risk characteristics and delinquency status under an aging method at the measurement date. The risk characteristics the Company generally reviews when analyzing its trade accounts receivable pools include the type of receivable (for example, franchise receivable versus license receivable), payment terms, the Company’s previous loss history, current and future economic conditions and the length of time accounts receivables are past due. For those trade accounts receivable that no longer share similar risk characteristics with its pool and potential loss is evident, a specific reserve is recorded. For pooled trade account receivables, the Company develops its allowance for credit losses by applying a historical loss rate to each pool based on historical account write-off trends. The Company believes that the past five years provide a reasonable representation of the Company’s operations and performance through various business cycles, both favorable and unfavorable. The allowance for credit losses is then adjusted for current macroeconomic factors, including the effects of inflation and reasonable and supportable forecasts of future economic conditions. The Company provides for expected credit losses 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 credit losses. Changes in the Company’s allowance for credit losses for the twenty-six week period ended September 24, 2023 and the fiscal year ended March 26, 2023 are as follows (in thousands): September 24, 2023 March 26, 2023 Beginning balance $ 480 $ 258 Cumulative effect of adoption of ASU 2016-13 252 - Bad debt expense 55 457 Write offs and other (454 ) (235 ) Ending balance $ 333 $ 480

Note H - Prepaid Expenses and O

Note H - Prepaid Expenses and Other Current Assets	6 Months Ended
	Sep. 24, 2023
Notes to Financial Statements
Other Current Assets [Text Block]	NOTE H – PREPAID EXPENSES AND OTHER CURRENT ASSETS Prepaid expenses and other current assets consist of the following (in thousands): September 24, March 26, 2023 2023 Income taxes $ - $ 146 Real estate taxes 92 78 Insurance 110 389 Marketing 266 814 Other 378 468 Total prepaid expenses and other current assets $ 846 $ 1,895

Note I - Intangible Asset

Note I - Intangible Asset	6 Months Ended
	Sep. 24, 2023
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	NOTE I - INTANGIBLE ASSET The Company’s definite-lived intangible asset consists of trademarks, and the trade name and other intellectual property in connection with its Arthur Treacher’s co-branding agreements. Based upon review of the current Arthur Treacher’s co-branding agreements, the Company determined that the remaining useful lives of these agreements is five There have been no significant events or changes in circumstances during the thirteen and twenty-six week periods ended September 24, 2023 that would indicate that the carrying amount of the Company’s intangible asset may be impaired as of September 24, 2023.

Note J - Long Lived Assets

Note J - Long Lived Assets	6 Months Ended
	Sep. 24, 2023
Notes to Financial Statements
Asset Impairment Charges [Text Block]	NOTE J - 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 be recoverable. 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. 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 be required to record impairment charges in future periods and such impairments could be material. There have been no significant events or changes in circumstances during the thirteen and twenty-six week periods ended September 24, 2023 that would indicate that the carrying amount of the Company’s long-lived assets may be impaired as of September 24, 2023.

Note K - Accrued Expenses and O

Note K - Accrued Expenses and Other Current Liabilities	6 Months Ended
	Sep. 24, 2023
Notes to Financial Statements
Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]	NOTE K – ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES Accrued expenses and other current liabilities consist of the following (in thousands): September 24, March 26, 2023 2023 Payroll and other benefits $ 1,768 $ 3,410 Accrued rebates 739 698 Rent and occupancy costs 169 70 Deferred revenue 742 1,406 Interest 2,135 2,143 Professional fees 167 99 Sales, use and other taxes 194 76 Corporate income taxes 467 - Other 257 228 Total accrued expenses and other current liabilities $ 6,638 $ 8,130

Note L - Income Taxes

Note L - Income Taxes	6 Months Ended
	Sep. 24, 2023
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE L – INCOME TAXES The income tax provisions for the thirteen weeks ended September 24, 2023 and September 25, 2022 reflect effective tax rates of27.4% and 26.3%, respectively. The effective income tax rate for the thirteen weeks ended September 24, 2023 reflected $2,153 of income tax expense recorded on $7,864 of pre-tax income. The effective income tax rate for the thirteen weeks ended September 25, 2022 reflected $2,127 of income tax expense recorded on $8,085 of pre-tax income. The income tax provisions for the twenty-six weeks ended September 24, 2023 and September 25, 2022 reflect effective tax rates of 27.2% and 27.1%, respectively. The effective income tax rate for the twenty-six weeks ended September 24, 2023 reflected $4,897 of income tax expense recorded on $17,996 of pre-tax income. The effective income tax rate for the twenty-six weeks ended September 25, 2022 reflected $4,870 of income tax expense recorded on $17,965 of pre-tax income. The effective income tax rates for the thirteen and twenty-six week periods ended September 24, 2023 and September 25, 2022 were higher than the United States statutory income tax rate primarily due to state and local taxes. The effective tax rate for the thirteen week period ended September 24, 2023 includes a discrete adjustment of 0.8%. There were no discrete adjustments for the thirteen week period ended September 25, 2022. The amount of unrecognized tax benefits included in Other liabilities at September 24, 2023 and March 26, 2023 was $459 and $432, respectively, all of which would impact the Company’s effective rate, if recognized. As of September 24, 2023 and March 26, 2023, the Company had approximately $335 and $305, respectively, accrued for the payment of interest and penalties in connection with unrecognized tax benefits.

Note M - Segment Information

Note M - Segment Information	6 Months Ended
	Sep. 24, 2023
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	NOTE M – 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-owned and franchised restaurants, including virtual kitchens, to distributors that resell our products to the foodservice industry through the Branded Product Program and by third party manufacturers pursuant to license agreements that sell our products to supermarkets, club stores and grocery stores nationwide. The Company’s Chief Executive Officer has been identified as the Chief Operating Decision Maker (“CODM”) who evaluates performance and allocates resources for the Branded Product Program, Product Licensing and Restaurant Operations segments based upon a number of factors, the primary profit measure being income from operations. Certain administrative expenses are not allocated to the segments and are reported within the Corporate segment. Branded Product Program Product licensing Restaurant operations Revenues from operating segments are from transactions with unaffiliated third parties and do not include any intersegment revenues. Income from operations attributable to Corporate consists principally of administrative expenses not allocated to the operating segments such as executive management, finance, information technology, legal, insurance, corporate office costs, corporate incentive compensation and compliance costs and expenses of the Advertising Fund. Interest expense, interest income, and other income, net, are managed centrally at the corporate level, and, accordingly, such items are not presented by segment since they are excluded from the measure of profitability reviewed by the CODM. Operating segment information is as follows (in thousands): Thirteen weeks ended Twenty-six weeks ended September 24, 2023 September 25, 2022 September 24, 2023 September 25, 2022 Revenues Branded Product Program $ 23,352 $ 22,030 $ 48,522 $ 45,201 Product licensing 8,339 8,413 19,997 19,727 Restaurant operations 6,484 6,470 11,217 11,286 Corporate (1) 569 584 993 1,003 Total revenues $ 38,744 $ 37,497 $ 80,729 $ 77,217 Income from operations Branded Product Program $ 1,387 $ 2,485 $ 3,348 $ 4,552 Product licensing 8,293 8,367 19,906 19,636 Restaurant operations 1,639 1,476 2,308 2,117 Corporate (2,215 ) (2,414 ) (4,995 ) (4,611 ) Income from operations $ 9,104 $ 9,914 $ 20,567 $ 21,694 Interest expense (1,413 ) (1,943 ) (2,827 ) (3,887 ) Interest income 150 80 212 102 Other income, net 23 34 44 56 Income before provision for income taxes $ 7,864 $ 8,085 $ 17,996 $ 17,965 (1) Represents advertising fund revenue

Note N - Share-based Compensati

Note N - Share-based Compensation	6 Months Ended
	Sep. 24, 2023
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	NOTE N – SHARE-BASED COMPENSATION Total share-based compensation during the thirteen and twenty-six week periods ended September 24, 2023 and September 25, 2022 was $182 and $8, and $359 and $16, respectively. Total share-based compensation is included in general and administrative expenses in our accompanying Consolidated Statements of Earnings. As of September 24, 2023, there was $3,035 of forty-six The Company recognizes compensation cost for unvested share-based awards on a straight-line basis over the requisite service period. Compensation expense under all share-based awards is as follows (in thousands): Thirteen weeks ended Twenty-six weeks ended September 24, 2023 September 25, 2022 September 24, 2023 September 25, 2022 Stock options $ 13 $ 8 $ 21 $ 16 Restricted stock units 169 - 338 - Total compensation cost $ 182 $ 8 $ 359 $ 16 Stock options During the twenty-six week period ended September 24, 2023, the Company granted options to purchase 10,000 shares at an exercise price of $78.00 per share, all of which expire five years from the date of grant. All such options vest ratably over a four-year period commencing August 11, 2023. The weighted average option fair value, 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 week period ended September 24, 2023 are as follows: Weighted average option fair values $ 16.23 Expected life (years) 4.4 Interest rate 4.31 % Volatility 24.29 % Dividend yield 2.56 % 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 weeks ended September 24, 2023 are as follows : Weighted Weighted Aggregate Average Average Intrinsic Exercise Remaining Value Shares Price Contractual Life (in thousands) Options outstanding at March 26, 2023 20,000 $ 79.20 1.92 $ 40 Granted 10,000 $ 78.00 4.88 - Expired (10,000 ) $ 89.90 - - Options outstanding at September 24, 2023 20,000 $ 73.25 3.88 $ 27 Options exercisable at September 24, 2023 5,000 $ 68.50 2.88 $ 14 Restricted stock units Transactions with respect to restricted stock units for the twenty-six weeks ended September 24, 2023 are as follows: Shares Weighted Average Grant-date Fair value Per share Unvested restricted stock units at March 26, 2023 50,000 $ 67.59 Granted - $ - Vested - $ - Unvested restricted stock units at September 24, 2023 50,000 $ 67.59

Note O - Stockholders' Equity

Note O - Stockholders' Equity	6 Months Ended
	Sep. 24, 2023
Notes to Financial Statements
Equity [Text Block]	NOTE O – STOCKHOLDERS’ EQUITY 1. Dividends Effective June 8, 2023, the Company’s Board of Directors (the “Board”) declared its first quarterly cash dividend of $0.50 per share for fiscal 2024, which was paid on June 28, 2023 to stockholders of record as of the close of business on June 20, 2023. Effective August 3, 2023, the Board declared its second quarterly cash dividend of $0.50 per share for fiscal 2024, which was paid on September 1, 2023 to stockholders of record as of the close of business on August 21, 2023. Effective November 2, 2023, the Board declared its third quarterly cash dividend of $0.50 per share for fiscal 2024 payable on December 1, 2023 to stockholders of record as of the close of business on November 20, 2023. Our ability to pay future dividends is limited by the terms of the Indenture with U.S. Bank Trust Company, National Association, as trustee and collateral trustee. In addition to the terms of the Indenture, the declaration and payment of any cash dividends in the future is subject to final determination of the Board and will be dependent upon our earnings and financial requirements. 2 . Stock Repurchase Programs In 2016, the Board authorized increases to the sixth stock repurchase plan for the purchase of up to 1,200,000 shares of its common stock on behalf of the Company. As of September 24, 2023, Nathan’s had repurchased 1,101,884 shares at a cost of $39,000

Note P - Long-term Debt

Note P - Long-term Debt	6 Months Ended
	Sep. 24, 2023
Notes to Financial Statements
Debt Disclosure [Text Block]	NOTE P – LONG-TERM DEBT Long-term debt consists of the following (in thousands): September 24, March 26, 2023 2023 6.625% Senior Secured Notes due 2025 $ 80,000 $ 80,000 Less: unamortized debt issuance costs (768 ) (952 ) Long-term debt, net $ 79,232 $ 79,048

Note Q - Leases

Note Q - Leases	6 Months Ended
	Sep. 24, 2023
Notes to Financial Statements
Leases, Disclosure [Text Block]	NOTE Q – LEASES The Company is party as lessee to various leases for its Company-owned restaurants and lessee/sublessor to one franchised location property, including land and buildings, as well as leases for its corporate office and certain office equipment. Company as lessee The components of the net lease cost for the thirteen and twenty-six week periods ended September 24, 2023 and September 25, 2022 were as follows (in thousands): Thirteen weeks ended Twenty-six weeks ended September 24, 2023 September 25, 2022 September 24, 2023 September 25, 2022 Operating lease cost $ 423 $ 408 $ 849 $ 836 Variable lease cost 499 482 887 850 Less: Sublease income, net (23 ) (20 ) (44 ) (42 ) Total net lease cost $ 899 $ 870 $ 1,692 $ 1,644 The following table presents the components of the net lease cost on the Consolidated Statements of Earnings for the thirteen and twenty-six week periods ended September 24, 2023 and September 25, 2022 (in thousands): Thirteen weeks ended Twenty-six weeks ended September 24, 2023 September 25, 2022 September 24, 2023 September 25, 2022 Restaurant operating expenses $ 732 $ 712 $ 1,347 $ 1,319 General and administrative expenses 190 178 389 367 Less: Other income, net (23 ) (20 ) (44 ) (42 ) Total net lease cost $ 899 $ 870 $ 1,692 $ 1,644 Cash paid for amounts included in the measurement of lease liabilities for the thirteen and twenty-six week periods ended September 24, 2023 and September 25, 2022 were as follows (in thousands): Thirteen weeks ended Twenty-six weeks ended September 24, 2023 September 25, 2022 September 24, 2023 September 25, 2022 Operating cash flows from operating leases $ 392 $ 370 $ 785 $ 734 The weighted average remaining lease term and weighted average discount rate for operating leases as of September 24, 2023 were as follows: Weighted average remaining lease term (years): 4.9 Weighted average discount rate: 8.498 % Future lease commitments to be paid and received by the Company as of September 24, 2023 were as follows (in thousands): Payments Receipts Operating Leases Subleases Net Leases Fiscal year: 2024 (a) $ 773 $ 84 $ 689 2025 1,884 274 1,610 2026 1,919 278 1,641 2027 1,928 281 1,647 2028 1,778 129 1,649 Thereafter 602 495 107 Total lease commitments $ 8,884 $ 1,541 $ 7,343 Less: Amount representing interest (1,601 ) Present value of lease liabilities (b) $ 7,283 (a) Represents future lease commitments to be paid and received by the Company for the remainder of the 2024 fiscal year. Amount does not include $895 (b) The present value of minimum operating lease payments of $1,875 and $5,408 Company as lessor The components of net lease income for the thirteen and twenty-six week periods ended September 24, 2023 and September 25, 2022 were as follows (in thousands): Thirteen weeks ended Twenty-six weeks ended September 24, 2023 September 25, 2022 September 24, 2023 September 25, 2022 Operating lease income, net $ 23 $ 20 $ 44 $ 42

Note R - Commitments and Contin

Note R - Commitments and Contingencies	6 Months Ended
	Sep. 24, 2023
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	NOTE R – COMMITMENTS AND CONTINGENCIES 1. Contingencies 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 have a material adverse effect on the Company’s financial position, cash flows or results of operations. Nevertheless, litigation is subject to inherent uncertainties and unfavorable rulings could occur. An unfavorable ruling could include money damages and, in such event, could result in a material adverse impact on the Company’s results of operations for the period in which the ruling occurs.

Note S - Subsequent Events

Note S - Subsequent Events	6 Months Ended
	Sep. 24, 2023
Notes to Financial Statements
Subsequent Events [Text Block]	NOTE S – SUBSEQUENT EVENTS On October 30, 2023, the Compensation Committee of the Board approved a discretionary cash bonus payment of $500 to Howard M. Lorber, Executive Chairman of the Board, which will be paid on or before November 17, 2023. The Company evaluated subsequent events through the date the Consolidated Financial Statements were issued and filed with the SEC. There were no other subsequent events that require recognition or disclosure.

Note C - Revenues (Tables)

Note C - Revenues (Tables)	6 Months Ended
	Sep. 24, 2023
Notes Tables
Disaggregation of Revenue [Table Text Block]	Thirteen weeks ended Twenty-six weeks ended September 24, 2023 September 25, 2022 September 24, 2023 September 25, 2022 Branded Products $ 23,352 $ 22,030 $ 48,522 $ 45,201 Company-owned restaurants 5,193 5,271 8,851 8,994 Total sales 28,545 27,301 57,373 54,195 License royalties 8,339 8,413 19,997 19,727 Franchise royalties 1,148 1,055 2,128 1,956 Franchise fees 143 144 238 336 Total franchise fees and royalties 1,291 1,199 2,366 2,292 Advertising fund revenue 569 584 993 1,003 Total revenues $ 38,744 $ 37,497 $ 80,729 $ 77,217
Revenue from External Customers by Geographic Areas [Table Text Block]	Thirteen weeks ended Twenty-six weeks ended September 24, 2023 September 25, 2022 September 24, 2023 September 25, 2022 United States $ 37,444 $ 36,095 $ 77,326 $ 74,012 International 1,300 1,402 3,403 3,205 Total revenues $ 38,744 $ 37,497 $ 80,729 $ 77,217
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]	September 24, 2023 March 26, 2023 Deferred franchise fees (a) $ 1,416 $ 1,608 Deferred revenues, which are included in “Accrued expenses and other current liabilities” (b) $ 742 $ 1,406
Contract with Customer, Deferred Franchise Fees [Table Text Block]	Twenty-six weeks ended September 24, 2023 September 25, 2022 Deferred franchise fees at beginning of period $ 1,608 $ 2,097 New deferrals due to cash received and other 46 77 Revenue recognized during the period (238 ) (336 ) Deferred franchise fees at end of period $ 1,416 $ 1,838 Twenty-six weeks ended September 24, 2023 September 25, 2022 Deferred revenues at beginning of period $ 1,406 $ 876 New deferrals due to cash received and other 500 - Revenue recognized during the period (1,164 ) (676 ) Deferred revenues at end of period $ 742 $ 200
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table Text Block]	Estimate for fiscal year 2024 (a) $ 170 2025 330 2026 298 2027 185 2028 93 Thereafter 340 Total $ 1,416

Note D - Income Per Share (Tabl

Note D - Income Per Share (Tables)	6 Months Ended
	Sep. 24, 2023
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Thirteen weeks Net Income Net Income Number of Shares Per Share 2023 2022 2023 2022 2023 2022 (in thousands) (in thousands) Basic EPS Basic calculation $ 5,711 $ 5,958 4,080 4,083 $ 1.40 $ 1.46 Effect of dilutive share-based awards - - 12 - - - Diluted EPS Diluted calculation $ 5,711 $ 5,958 4,092 4,083 $ 1.40 $ 1.46 Twenty-six weeks Net Income Net Income Number of Shares Per Share 2023 2022 2023 2022 2023 2022 (in thousands) (in thousands) Basic EPS Basic calculation $ 13,099 $ 13,095 4,080 4,098 $ 3.21 $ 3.20 Effect of dilutive share-based awards - - 10 - (.01 ) - Diluted EPS Diluted calculation $ 13,099 $ 13,095 4,090 4,098 $ 3.20 $ 3.20

Note F - Fair Value Measureme_2

Note F - Fair Value Measurements (Tables)	6 Months Ended
	Sep. 24, 2023
Notes Tables
Fair Value, Liabilities Measured on Recurring Basis [Table Text Block]	September 24, 2023 March 26, 2023 Face value Fair value Face value Fair value Long-term debt $ 80,000 $ 79,048 $ 80,000 $ 80,080

Note G - Accounts and Other R_2

Note G - Accounts and Other Receivables, Net (Tables)	6 Months Ended
	Sep. 24, 2023
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	September 24, March 26, 2023 2023 Branded product sales $ 11,634 $ 11,106 Franchise and license royalties 3,238 3,817 Other 1,223 623 16,095 15,546 Less: allowance for credit losses (333 ) (480 ) Accounts and other receivables, net $ 15,762 $ 15,066
Financing Receivable, Current, Allowance for Credit Loss [Table Text Block]	September 24, 2023 March 26, 2023 Beginning balance $ 480 $ 258 Cumulative effect of adoption of ASU 2016-13 252 - Bad debt expense 55 457 Write offs and other (454 ) (235 ) Ending balance $ 333 $ 480

Note H - Prepaid Expenses and_2

Note H - Prepaid Expenses and Other Current Assets (Tables)	6 Months Ended
	Sep. 24, 2023
Notes Tables
Schedule of Other Current Assets [Table Text Block]	September 24, March 26, 2023 2023 Income taxes $ - $ 146 Real estate taxes 92 78 Insurance 110 389 Marketing 266 814 Other 378 468 Total prepaid expenses and other current assets $ 846 $ 1,895

Note K - Accrued Expenses and_2

Note K - Accrued Expenses and Other Current Liabilities (Tables)	6 Months Ended
	Sep. 24, 2023
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	September 24, March 26, 2023 2023 Payroll and other benefits $ 1,768 $ 3,410 Accrued rebates 739 698 Rent and occupancy costs 169 70 Deferred revenue 742 1,406 Interest 2,135 2,143 Professional fees 167 99 Sales, use and other taxes 194 76 Corporate income taxes 467 - Other 257 228 Total accrued expenses and other current liabilities $ 6,638 $ 8,130

Note M - Segment Information (T

Note M - Segment Information (Tables)	6 Months Ended
	Sep. 24, 2023
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Thirteen weeks ended Twenty-six weeks ended September 24, 2023 September 25, 2022 September 24, 2023 September 25, 2022 Revenues Branded Product Program $ 23,352 $ 22,030 $ 48,522 $ 45,201 Product licensing 8,339 8,413 19,997 19,727 Restaurant operations 6,484 6,470 11,217 11,286 Corporate (1) 569 584 993 1,003 Total revenues $ 38,744 $ 37,497 $ 80,729 $ 77,217 Income from operations Branded Product Program $ 1,387 $ 2,485 $ 3,348 $ 4,552 Product licensing 8,293 8,367 19,906 19,636 Restaurant operations 1,639 1,476 2,308 2,117 Corporate (2,215 ) (2,414 ) (4,995 ) (4,611 ) Income from operations $ 9,104 $ 9,914 $ 20,567 $ 21,694 Interest expense (1,413 ) (1,943 ) (2,827 ) (3,887 ) Interest income 150 80 212 102 Other income, net 23 34 44 56 Income before provision for income taxes $ 7,864 $ 8,085 $ 17,996 $ 17,965

Note N - Share-based Compensa_2

Note N - Share-based Compensation (Tables)	6 Months Ended
	Sep. 24, 2023
Notes Tables
Share-Based Payment Arrangement, Cost by Plan [Table Text Block]	Thirteen weeks ended Twenty-six weeks ended September 24, 2023 September 25, 2022 September 24, 2023 September 25, 2022 Stock options $ 13 $ 8 $ 21 $ 16 Restricted stock units 169 - 338 - Total compensation cost $ 182 $ 8 $ 359 $ 16
Share-Based Payment Arrangement, Activity [Table Text Block]	Weighted average option fair values $ 16.23 Expected life (years) 4.4 Interest rate 4.31 % Volatility 24.29 % Dividend yield 2.56 % Weighted Weighted Aggregate Average Average Intrinsic Exercise Remaining Value Shares Price Contractual Life (in thousands) Options outstanding at March 26, 2023 20,000 $ 79.20 1.92 $ 40 Granted 10,000 $ 78.00 4.88 - Expired (10,000 ) $ 89.90 - - Options outstanding at September 24, 2023 20,000 $ 73.25 3.88 $ 27 Options exercisable at September 24, 2023 5,000 $ 68.50 2.88 $ 14
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]	Shares Weighted Average Grant-date Fair value Per share Unvested restricted stock units at March 26, 2023 50,000 $ 67.59 Granted - $ - Vested - $ - Unvested restricted stock units at September 24, 2023 50,000 $ 67.59

Note P - Long-term Debt (Tables

Note P - Long-term Debt (Tables)	6 Months Ended
	Sep. 24, 2023
Notes Tables
Schedule of Debt [Table Text Block]	September 24, March 26, 2023 2023 6.625% Senior Secured Notes due 2025 $ 80,000 $ 80,000 Less: unamortized debt issuance costs (768 ) (952 ) Long-term debt, net $ 79,232 $ 79,048

Note Q - Leases (Tables)

Note Q - Leases (Tables)	6 Months Ended
	Sep. 24, 2023
Notes Tables
Lease, Cost [Table Text Block]	Thirteen weeks ended Twenty-six weeks ended September 24, 2023 September 25, 2022 September 24, 2023 September 25, 2022 Operating lease cost $ 423 $ 408 $ 849 $ 836 Variable lease cost 499 482 887 850 Less: Sublease income, net (23 ) (20 ) (44 ) (42 ) Total net lease cost $ 899 $ 870 $ 1,692 $ 1,644 Thirteen weeks ended Twenty-six weeks ended September 24, 2023 September 25, 2022 September 24, 2023 September 25, 2022 Restaurant operating expenses $ 732 $ 712 $ 1,347 $ 1,319 General and administrative expenses 190 178 389 367 Less: Other income, net (23 ) (20 ) (44 ) (42 ) Total net lease cost $ 899 $ 870 $ 1,692 $ 1,644
Leases, Cash Flows [Table Text Block]	Thirteen weeks ended Twenty-six weeks ended September 24, 2023 September 25, 2022 September 24, 2023 September 25, 2022 Operating cash flows from operating leases $ 392 $ 370 $ 785 $ 734
Lessee, Operating Leases, Weighted Average Remaining Lease Term and Discount Rate [Table Text Block]	Weighted average remaining lease term (years): 4.9 Weighted average discount rate: 8.498 %
Operating Lease, Maturity [Table Text Block]	Payments Receipts Operating Leases Subleases Net Leases Fiscal year: 2024 (a) $ 773 $ 84 $ 689 2025 1,884 274 1,610 2026 1,919 278 1,641 2027 1,928 281 1,647 2028 1,778 129 1,649 Thereafter 602 495 107 Total lease commitments $ 8,884 $ 1,541 $ 7,343 Less: Amount representing interest (1,601 ) Present value of lease liabilities (b) $ 7,283
Operating Lease, Lease Income [Table Text Block]	Thirteen weeks ended Twenty-six weeks ended September 24, 2023 September 25, 2022 September 24, 2023 September 25, 2022 Operating lease income, net $ 23 $ 20 $ 44 $ 42

Note B - Adoption of New Acco_2

Note B - Adoption of New Accounting Standard (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Sep. 24, 2023	Mar. 26, 2023
Retained Earnings (Accumulated Deficit)	$ (11,727)	$ (20,559)
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease)	252
Retained Earnings (Accumulated Deficit)	187
Increase (Decrease) in Income Taxes	$ 65

Note C - Revenues 1 (Details Te

Note C - Revenues 1 (Details Textual) - USD ($) $ in Thousands	6 Months Ended
	Sep. 24, 2023	Mar. 26, 2023
Contract with Customer, Liability, Current	$ 336	$ 336
Contract with Customer, Liability, Noncurrent	1,080	1,272
Deferred License Royalties	242	906
Deferred Advertising Fund	500	$ 500
Contract with Customer, Liability, Revenue Recognized	$ 238

Note C - Revenues 2 (Details Te

Note C - Revenues 2 (Details Textual)	Sep. 24, 2023
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-06-26
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period (Year)	9 months
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
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-03-29
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period (Year)	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-03-27
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period (Year)	1 year

Note C - Revenues - Disaggregat

Note C - Revenues - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 24, 2023	Sep. 25, 2022	Sep. 24, 2023	Sep. 25, 2022
Revenues	$ 38,744	$ 37,497	$ 80,729	$ 77,217
Branded Products [Member]
Revenues	23,352	22,030	48,522	45,201
Company-operated Restaurants [Member]
Revenues	5,193	5,271	8,851	8,994
Product [Member]
Revenues	28,545	27,301	57,373	54,195
License [Member]
Revenues	8,339	8,413	19,997	19,727
Franchise Royalties [Member]
Revenues	1,148	1,055	2,128	1,956
Franchise [Member]
Revenues	143	144	238	336
Franchise Fees and Royalties [Member]
Revenues	1,291	1,199	2,366	2,292
Advertising Fund Revenue [Member]
Revenues	$ 569	$ 584	$ 993	$ 1,003

Note C - Revenues - Revenues by

Note C - Revenues - Revenues by Geographical Market (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 24, 2023	Sep. 25, 2022	Sep. 24, 2023	Sep. 25, 2022
Revenues	$ 38,744	$ 37,497	$ 80,729	$ 77,217
UNITED STATES
Revenues	37,444	36,095	77,326	74,012
Non-US [Member]
Revenues	$ 1,300	$ 1,402	$ 3,403	$ 3,205

Note C - Revenues - Contract Li

Note C - Revenues - Contract Liabilities From Contracts With Customers (Details) - USD ($) $ in Thousands		Sep. 24, 2023		Mar. 26, 2023		Sep. 25, 2022	Mar. 27, 2022
Deferred franchise fees (a)	[1]	$ 1,416		$ 1,608
License Royalties and Advertising Fund [Member]
Deferred revenues, which are included in
“Accrued expenses and other current liabilities” (b)		$ 742	[2]	$ 1,406	[2]	$ 200	$ 876
[1]Deferred franchise fees of $336 and $1,080 as of September 24, 2023 and $336 and $1,272 as of March 26, 2023 are included in Deferred franchise fees – current and long term, respectively.[2]Includes $242 of deferred license royalties and $500 of deferred advertising fund revenue as of September 24, 2023 and $906 of deferred license royalties and $500 of deferred advertising fund revenue as of March 26, 2023.

Note C - Revenues - Significant

Note C - Revenues - Significant Changes in Deferred Franchise Fees (Details) - USD ($) $ in Thousands	6 Months Ended
	Sep. 24, 2023		Sep. 25, 2022
New deferrals due to cash received and other	$ 500		$ 0
Revenue recognized during the period	(238)
Franchise [Member]
Deferred franchise fees at beginning of period	1,608		2,097
New deferrals due to cash received and other	46		77
Revenue recognized during the period	(238)		(336)
Deferred franchise fees at end of period	1,416		1,838
License Royalties and Advertising Fund [Member]
Deferred franchise fees at beginning of period	1,406	[1]	876
Revenue recognized during the period	(1,164)		(676)
Deferred franchise fees at end of period	$ 742	[1]	$ 200
[1]Includes $242 of deferred license royalties and $500 of deferred advertising fund revenue as of September 24, 2023 and $906 of deferred license royalties and $500 of deferred advertising fund revenue as of March 26, 2023.

Note C - Revenues - Remaining P

Note C - Revenues - Remaining Performance Obligations (Details) $ in Thousands	Sep. 24, 2023 USD ($)
Revenue remaining performance obligation	$ 1,416

Note C - Revenues - Remaining_2

Note C - Revenues - Remaining Performance Obligations 2 (Details) $ in Thousands	Sep. 24, 2023 USD ($)
Revenue remaining performance obligation	$ 1,416
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-06-26
Revenue remaining performance obligation	170	[1]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-04-01
Revenue remaining performance obligation	330
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-03-31
Revenue remaining performance obligation	298
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-03-30
Revenue remaining performance obligation	185
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-03-29
Revenue remaining performance obligation	93
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-03-27
Revenue remaining performance obligation	$ 340
[1]Represents franchise fees expected to be recognized for the remainder of the 2024 fiscal year, which includes international development fees expected to be recognized over the duration of one

Note D - Income Per Share (Deta

Note D - Income Per Share (Details Textual) - shares	3 Months Ended		6 Months Ended
	Sep. 24, 2023	Sep. 25, 2022	Sep. 24, 2023	Sep. 25, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	10,000	20,000	10,000	20,000

Note D - Income Per Share - Ear

Note D - Income Per Share - Earnings Per Share Reconciliation (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 24, 2023	Sep. 25, 2022	Sep. 24, 2023	Sep. 25, 2022
Net income, basic calculation	$ 5,711	$ 5,958	$ 13,099	$ 13,095
Basic calculation	$ 5,711	$ 5,958	$ 13,099	$ 13,095
Number of shares, basic calculation (in shares)	4,080	4,083	4,080	4,098
Basic calculation (in shares)	4,080	4,083	4,080	4,098
Net income per share, basic calculation (in dollars per share)	$ 1.40	$ 1.46	$ 3.21	$ 3.20
Basic calculation (in dollars per share)	$ 1.40	$ 1.46	$ 3.21	$ 3.20
Effect of dilutive share-based awards (in shares)	12	0	10	0
Effect of dilutive employee stock options (in shares)	12	0	10	0
Effect of dilutive share-based awards (in dollars per share)	$ 0	$ 0	$ (0.01)	$ 0
Net income, diluted calculation	$ 5,711	$ 5,958	$ 13,099	$ 13,095
Diluted calculation	$ 5,711	$ 5,958	$ 13,099	$ 13,095
Number of shares, diluted calculation (in shares)	4,092	4,083	4,090	4,098
Diluted calculation (in shares)	4,092	4,083	4,090	4,098
Net income per share, diluted calculation (in dollars per share)	$ 1.40	$ 1.46	$ 3.20	$ 3.20
Diluted calculation (in dollars per share)	$ 1.40	$ 1.46	$ 3.20	$ 3.20

Note E - Cash and Cash Equiva_2

Note E - Cash and Cash Equivalents (Details Textual) - USD ($)	Sep. 24, 2023	Mar. 26, 2023
Cash Equivalents, at Carrying Value	$ 15,075	$ 0

Note F - Fair Value Measureme_3

Note F - Fair Value Measurements - Face Value and Fair Value of Long-term Debt (Details) - USD ($) $ in Thousands	Sep. 24, 2023	Mar. 26, 2023
Long-term debt, face value	$ 80,000	$ 80,000
Long-term debt, fair value	$ 79,048	$ 80,080

Note G - Accounts and Other R_3

Note G - Accounts and Other Receivables, Net (Details Textual)	6 Months Ended
	Sep. 24, 2023
Accounts Receivable Payment Terms	30 days

Note G - Accounts and Other R_4

Note G - Accounts and Other Receivables, Net - Summary of Accounts and Other Receivables (Details) - USD ($) $ in Thousands	Sep. 24, 2023	Mar. 26, 2023	Mar. 27, 2022
Accounts receivable, gross, current	$ 16,095	$ 15,546
Less: allowance for credit losses	(333)	(480)	$ (258)
Accounts and other receivables, net	15,762	15,066
Branded Product Sales [Member]
Accounts receivable, gross, current	11,634	11,106
Franchise and License Royalties [Member]
Accounts receivable, gross, current	3,238	3,817
Other Receivables [Member]
Accounts receivable, gross, current	$ 1,223	$ 623

Note G - Accounts and Other R_5

Note G - Accounts and Other Receivables, Net - Changes in Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Sep. 24, 2023	Sep. 25, 2022	Mar. 26, 2023
Beginning balance	$ 480	$ 258	$ 258
Bad debt expense	55	80	457
Write offs and other	(454)		(235)
Ending balance	333		480
Cumulative Effect, Period of Adoption, Adjustment [Member]
Beginning balance	$ 252	$ 0	0
Ending balance			$ 252

Note H - Prepaid Expenses and_3

Note H - Prepaid Expenses and Other Current Assets - Summary of Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Sep. 24, 2023	Mar. 26, 2023
Income taxes	$ 0	$ 146
Real estate taxes	92	78
Insurance	110	389
Marketing	266	814
Other	378	468
Total prepaid expenses and other current assets	$ 846	$ 1,895

Note I - Intangible Asset (Deta

Note I - Intangible Asset (Details Textual)	Sep. 24, 2023
Finite-Lived Intangible Assets, Remaining Amortization Period	5 years

Note K - Accrued Expenses and_3

Note K - Accrued Expenses and Other Current Liabilities - Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Sep. 24, 2023	Mar. 26, 2023
Payroll and other benefits	$ 1,768	$ 3,410
Accrued rebates	739	698
Rent and occupancy costs	169	70
Interest	2,135	2,143
Professional fees	167	99
Sales, use and other taxes	194	76
Corporate income taxes	467	0
Other	257	228
Total accrued expenses and other current liabilities	6,638	8,130
Deferred Franchise Fees And Other Deferred Revenue [Member]
Deferred revenue	$ 742	$ 1,406

Note L - Income Taxes (Details

Note L - Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 24, 2023	Sep. 25, 2022	Sep. 24, 2023	Sep. 25, 2022	Mar. 26, 2023
Effective Income Tax Rate Reconciliation, Percent	27.40%	26.30%	27.20%	27.10%
Income Tax Expense (Benefit)	$ 2,153	$ 2,127	$ 4,897	$ 4,870
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	$ 7,864	$ 8,085	17,996	$ 17,965
Effective Income Tax Rate Reconciliation, Other Reconciling Items, Percent	0.80%
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	$ 459		459		$ 432
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	$ 335		$ 335		$ 305

Note M - Segment Information -

Note M - Segment Information - Operating Segment Information (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Sep. 24, 2023	Sep. 25, 2022	Sep. 24, 2023	Sep. 25, 2022
Revenues		$ 38,744	$ 37,497	$ 80,729	$ 77,217
Income from operations		9,104	9,914	20,567	21,694
Interest expense		(1,413)	(1,943)	(2,827)	(3,887)
Interest income		150	80	212	102
Other income, net		23	34	44	56
Income before provision for income taxes		7,864	8,085	17,996	17,965
Corporate, Non-Segment [Member]
Revenues	[1]	569	584	993	1,003
Income from operations		(2,215)	(2,414)	(4,995)	(4,611)
Branded Product Program [Member] | Operating Segments [Member]
Revenues		23,352	22,030	48,522	45,201
Income from operations		1,387	2,485	3,348	4,552
Product Licensing [Member] | Operating Segments [Member]
Revenues		8,339	8,413	19,997	19,727
Income from operations		8,293	8,367	19,906	19,636
Restaurant Operations [Member] | Operating Segments [Member]
Revenues		6,484	6,470	11,217	11,286
Income from operations		$ 1,639	$ 1,476	$ 2,308	$ 2,117
[1]Represents advertising fund revenue

Note N - Share-based Compensa_3

Note N - Share-based Compensation (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 24, 2023	Sep. 25, 2022	Sep. 24, 2023	Sep. 25, 2022
Share-Based Payment Arrangement, Expense	$ 182	$ 8	$ 359	$ 16
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 3,035		$ 3,035
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition			46 months
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross			10,000
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Grants in Period, Weighted Average Exercise Price			$ 78

Note N - Share-based Compensa_4

Note N - Share-based Compensation - Compensation Cost Charged to Expense Under All Stock-based Incentive Awards (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 24, 2023	Sep. 25, 2022	Sep. 24, 2023	Sep. 25, 2022
Share-based compensation expense	$ 182	$ 8	$ 359	$ 16
Share-Based Payment Arrangement, Option [Member]
Share-based compensation expense	13	8	21	16
Restricted Stock [Member]
Share-based compensation expense	$ 169	$ 0	$ 338	$ 0

Note N - Share-based Compensa_5

Note N - Share-based Compensation - Outstanding Stock Options (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended	12 Months Ended
	Sep. 24, 2023	Mar. 26, 2023
Options outstanding (in shares)	20,000
Options outstanding, weighted average exercise price (in dollars per share)	$ 79.20
Options outstanding, weighted average remaining contractual term (Year)	3 years 10 months 17 days	1 year 11 months 1 day
Options outstanding, aggregate intrinsic value	$ 40
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross	10,000
Granted (in dollars per share)	$ 78
Granted (Year)	4 years 10 months 17 days
Expired (in shares)	(10,000)
Expired (in dollars per share)	$ 89.90
Options outstanding (in shares)	20,000	20,000
Options outstanding, weighted average exercise price (in dollars per share)	$ 73.25	$ 79.20
Options outstanding, aggregate intrinsic value	$ 27	$ 40
Options exercisable (in shares)	5,000
Options exercisable, weighted average exercise price (in dollars per share)	$ 68.50
Options exercisable, weighted average remaining contractual term (Year)	2 years 10 months 17 days
Options exercisable, aggregate intrinsic value	$ 14
Share-Based Payment Arrangement, Option [Member]
Weighted average option fair values (in dollars per share)	$ 16.23
Expected life (years) (Year)	4 years 4 months 24 days
Interest rate	4.31%
Volatility	24.29%
Dividend yield	2.56%

Note N - Share-based Compensa_6

Note N - Share-based Compensation - Restricted Stock Activity (Details) - Restricted Stock [Member]	6 Months Ended
	Sep. 24, 2023 $ / shares shares
Unvested restricted stock units, shares (in shares) | shares	50,000
Unvested restricted stock units, weighted average grant date fair value per share (in dollars per share) | $ / shares	$ 67.59
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	0
Vested, weighted average grant date fair value per share (in dollars per share) | $ / shares	$ 0
Unvested restricted stock units, shares (in shares) | shares	50,000
Unvested restricted stock units, weighted average grant date fair value per share (in dollars per share) | $ / shares	$ 67.59

Note O - Stockholders' Equity (

Note O - Stockholders' Equity (Details Textual) - USD ($) $ / shares in Units, $ in Thousands				3 Months Ended		6 Months Ended		90 Months Ended
	Nov. 02, 2023	Aug. 03, 2023	Jun. 08, 2023	Sep. 24, 2023	Sep. 25, 2022	Sep. 24, 2023	Sep. 25, 2022	Sep. 24, 2023	Mar. 11, 2016
Common Stock, Dividends, Per Share, Declared	$ 0.50	$ 0.50	$ 0.50	$ 0.50	$ 0.45	$ 1	$ 0.90
Treasury Stock, Value, Acquired, Cost Method					$ 822		$ 1,892
Sixth Stock Repurchase Plan [Member]
Stock Repurchase Program, Number of Shares Authorized to be Repurchased									1,200,000
Treasury Stock, Shares, Acquired								1,101,884
Treasury Stock, Value, Acquired, Cost Method								$ 39,000
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased				98,116		98,116		98,116

Note P - Long-term Debt - Summa

Note P - Long-term Debt - Summary of Debt (Details) - USD ($) $ in Thousands	Sep. 24, 2023	Mar. 26, 2023
Long-term debt, face value	$ 80,000	$ 80,000
Less: unamortized debt issuance costs	(768)	(952)
Long-term debt, net	79,232	79,048
Senior Secured 2025 Notes [Member] | Senior Notes [Member]
Long-term debt, face value	$ 80,000	$ 80,000

Note P - Long-term Debt - Sum_2

Note P - Long-term Debt - Summary of Debt (Details) (Parentheticals)	Sep. 24, 2023
Senior Secured 2025 Notes [Member] | Senior Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	6.625%

Note Q - Leases (Details Textua

Note Q - Leases (Details Textual) - USD ($) $ in Thousands	6 Months Ended
	Sep. 24, 2023	Mar. 26, 2023
Operating Lease Payments, Net Sublease Income	$ 895
Operating Lease, Liability, Current	1,875	$ 1,782
Operating Lease, Liability, Noncurrent	$ 5,408	$ 5,406

Note Q - Leases - Components of

Note Q - Leases - Components of Net Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 24, 2023	Sep. 25, 2022	Sep. 24, 2023	Sep. 25, 2022
Operating lease cost	$ 423	$ 408	$ 849	$ 836
Total net lease cost	899	870	1,692	1,644
Variable lease cost	499	482	887	850
Less: Sublease income, net	(23)	(20)	(44)	(42)
Restaurant Operating Expense [Member]
Total net lease cost	732	712	1,347	1,319
General and Administrative Expense [Member]
Total net lease cost	190	178	389	367
Other Income [Member]
Less: Sublease income, net	$ (23)	$ (20)	$ (44)	$ (42)

Note Q - Leases - Cash Paid for

Note Q - Leases - Cash Paid for Amounts Included in the Measurement of Lease Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 24, 2023	Sep. 25, 2022	Sep. 24, 2023	Sep. 25, 2022
Operating cash flows from operating leases	$ 392	$ 370	$ 785	$ 734

Note Q - Leases - Weighted Aver

Note Q - Leases - Weighted Average Remaining Lease Term and Weighted-average Discount Rate (Details)	Sep. 24, 2023
Weighted average remaining lease term (years): (Year)	4 years 10 months 24 days
Weighted average discount rate:	8.498%

Note Q - Leases - Future Lease

Note Q - Leases - Future Lease Commitments to Be Paid and Received (Details) $ in Thousands	Sep. 24, 2023 USD ($)
Fiscal year:
2024, payments operating leases	$ 773	[1]
2024 receipts subleases	84	[1]
2024, net leases	689	[1]
2025, payments operating leases	1,884
2025, receipts subleases	274
2025, net leases	1,610
2026, payments operating leases	1,919
2026, receipts subleases	278
2026, net leases	1,641
2027, payments operating leases	1,928
2027, receipts subleases	281
2027, net leases	1,647
2028, payments, operating leases	1,778
2028, receipts subleases	129
2028, net leases	1,649
Thereafter, payments operating leases	602
Thereafter, receipts subleases	495
Thereafter, net leases	107
Total lease commitments, payments operating leases	8,884
Total lease commitments, receipts subleases	1,541
Total lease commitments, net leases	7,343
Less: Amount representing interest	(1,601)
Present value of lease liabilities (b)	$ 7,283	[2]
[1]Represents future lease commitments to be paid and received by the Company for the remainder of the 2024 fiscal year. Amount does not include $895

Note Q - Leases - Components _2

Note Q - Leases - Components of Lease Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 24, 2023	Sep. 25, 2022	Sep. 24, 2023	Sep. 25, 2022
Operating lease income, net	$ 23	$ 20	$ 44	$ 42

Note S - Subsequent Events (Det

Note S - Subsequent Events (Details Textual) $ in Millions	Oct. 30, 2023 USD ($)
Board of Directors Chairman [Member] | Deferred Bonus [Member] | Subsequent Event [Member]
Deferred Compensation Arrangement with Individual, Recorded Liability	$ 0.5