RAVE Restaurant (RAVE) 10-Q 11 Feb 15 2015 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Dec. 28, 2014	Feb. 11, 2015
Document and Entity Information:
Entity Registrant Name	RAVE RESTAURANT GROUP, INC.
Entity Trading Symbol	RAVE
Document Type	10-Q
Document Period End Date	28-Dec-14
Amendment Flag	FALSE
Entity Central Index Key	718332
Current Fiscal Year End Date	-23
Entity Common Stock, Shares Outstanding		10,000,849
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q2

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 29, 2014	Dec. 29, 2013	Dec. 28, 2014	Dec. 28, 2013
REVENUES
REVENUES	$11,127	$10,028	$22,434	$20,095
COSTS AND EXPENSES:
Cost of sales	9,534	8,445	19,148	17,119
General and administrative expenses	1,215	1,135	2,324	2,151
Franchise expenses	750	806	1,465	1,473
Pre-opening expenses	136	70	172	156
Bad debt	12	65	92	110
Interest expense	3	36	109	79
Total Cost And Expenses	11,650	10,557	23,310	21,088
LOSS FROM CONTINUING OPERATIONS BEFORE TAXES	-523	-529	-876	-993
Income tax benefit	-167	-180	-282	-334
LOSS FROM CONTINUING OPERATIONS	-356	-349	-594	-659
Loss from discontinued operations, net of taxes	-43	-48	-70	-89
NET LOSS	($399)	($397)	($664)	($748)
LOSS PER SHARE OF COMMON STOCK - BASIC
Loss from continuing operations	($0.04)	($0.04)	($0.06)	($0.08)
Loss from discontinued operations		($0.01)	($0.01)	($0.01)
Net loss	($0.04)	($0.05)	($0.07)	($0.09)
LOSS PER SHARE OF COMMON STOCK - DILUTED
Loss from continuing operations	($0.04)	($0.04)	($0.06)	($0.07)
Loss from discontinued operations			($0.01)	($0.01)
Net loss	($0.04)	($0.04)	($0.07)	($0.08)
Weighted average common shares outstanding - basic	9,393	8,615	9,392	8,510
Weighted average common and potential dilutive common shares outstanding	9,895	9,246	9,905	9,115

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 28, 2014	Jun. 29, 2014
In Thousands, unless otherwise specified
CURRENT ASSETS
Cash and cash equivalents	$2,189	$2,796
Accounts receivable, less allowance for bad debts accounts of $259 and $276, respectively	2,751	3,276
Notes receivable	88	81
Inventories	1,444	1,703
Income tax receivable	384	386
Deferred income tax assets	1,010	951
Prepaid expenses and other	679	173
Total current assets	8,545	9,366
LONG-TERM ASSETS
Property, plant and equipment, net	6,014	5,133
Long-term notes receivable	125	134
Long-term deferred tax asset	1,220	939
Deposits and other	268	396
Total assets	16,172	15,968
CURRENT LIABILITIES
Accounts payable - trade	1,233	2,023
Accrued expenses	976	926
Deferred rent	143	163
Deferred revenues	328	177
Bank debt		500
Total current liabilities	2,680	3,789
LONG-TERM LIABILITIES
Bank debt, net of current portion		267
Deferred rent, net of current portion	904	822
Deferred revenues, net of current portion	1,154	791
Deferred gain on sale of property	21	34
Other long-term liabilities	30	23
Total liabilities	4,789	5,726
COMMITMENTS AND CONTINGENCIES (See Note 3)
SHAREHOLDERS' EQUITY
Common stock, $.01 par value; authorized 26,000,000 shares; issued 16,437,072 and 16,240,412 shares, respectively;outstanding 9,317,672 and 9,121,012 shares, respectively	166	162
Additional paid-in capital	17,706	15,905
Retained earnings	18,147	18,811
Treasury stock at cost shares in treasury: 7,119,400	24,636	-24,636
Total shareholders' equity	11,383	10,242
Total Liabilities and Stockholders' Equity	$16,172	$15,968

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS PARENTHETICALS (USD $)	Dec. 28, 2014	Jun. 29, 2014
In Thousands, unless otherwise specified
Parentheticals
Allowance for doubtful accounts	$259	$276
Common Stock, Shares Authorized	26,000,000	26,000,000
Common Stock, shares issued	16,437,072	16,240,412
Common Stock, shares outstanding	9,317,672	9,121,012
Treasury stock, Shares	7,119,400	7,119,400

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Dec. 28, 2014	Dec. 28, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	($664)	($748)
Adjustments to reconcile net loss to cash (used in) provided by operating activities:
Depreciation and amortization	741	687
Stock compensation expense	53	30
Deferred income taxes	-340	-388
Gain on sale of assets		-40
Provision for bad debt	92	110
Changes in operating assets and liabilities:
Notes and accounts receivable	438	-526
Inventories	259	249
Accounts payable - trade	-790	465
Accrued expenses	58	111
Deferred revenue	501	263
Prepaid expenses and other	-376	-26
Cash (used in) provided by operating activities	-28	187
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from sale of assets		40
Capital expenditures	-1,564	-1,873
Cash used in investing activities	-1,564	-1,833
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from sale of stock	1,752	2,625
Repayments of bank debt	-767	-1,019
Cash provided by financing activities	985	1,606
Net decrease in cash and cash equivalents	-607	-40
Cash and cash equivalents, beginning of period	2,796	919
Cash and cash equivalents, end of period	2,189	879
CASH PAYMENTS FOR:
Interest	12	79
Income taxes - net		$0

Summary_of_Significant_Account

Summary of Significant Accounting Policies	6 Months Ended
	Dec. 28, 2014
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	(1) Summary of Significant Accounting Policies
	Principles of Consolidation
	The consolidated financial statements include the accounts of the Company and its subsidiaries, all of which are wholly owned.  All appropriate intercompany balances and transactions have been eliminated.
	Cash and Cash Equivalents
	The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents.
	Fiscal Quarters
	The three month periodsended December 28, 2014 and December 29, 2013, each contained 13 weeks.  The six month periods ended December 28, 2014 and December 29, 2013, each contained 26 weeks.
	Revenue Recognition
	The Company recognizes revenue when products are delivered and the customer takes ownership and assumes risk of loss, collection of the relevant receivable is probable, persuasive evidence of an arrangement exists and the sales price is fixed or determinable.  The Company's Norco division sells food and supplies to franchisees on trade accounts under terms common in the industry.  Food and supply sales revenues, including shipping and handling costs, are recognized upon delivery of the product. Revenue from restaurant sales is recognized when food and beverage products are sold. The Company reports revenue net of sales taxes collected from customers and remitted to governmental taxing authorities.
	Franchise revenue consists of income from license fees, royalties, and area development and foreign master license fees. License fees are recognized as income when there has been substantial performance under the agreement by the Company.Domestic license fees are generally recognized at the time the restaurant is opened.  Foreign master license fees are generally recognized upon execution of the agreement as all material services relating to the sale have been substantially performed by the Company and the fee has been collected.  Royalties are recognized as income when earned.
	Stock-Based Compensation
	The Companyaccounts for stock options using the fair value recognition provisions of the authoritative guidance onshare-based payments.The Company uses the Black-Scholes formula to estimate the value of stock-based compensation for options granted to employees and directors and expects to continue to use this acceptable option valuation model in the future.  The authoritative guidance also requires the benefits of tax deductions in excess of recognized compensation cost to be reported as a financing cash flow.
	Use of Management Estimates
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires the Company’s management to make estimates and assumptions that affect its reported amounts of assets, liabilities, revenues, expenses and related disclosure of contingent liabilities.  The Company bases its estimates on historical experience and other various assumptions that it believes are reasonable under the circumstances.  Estimates and assumptions are reviewed periodically and actual results could differ materially from estimates.
	Reclassification
	Certain items have been reclassified in the prior year financial statements to conform to current year presentation.

Long_Term_Debt

Long Term Debt	6 Months Ended
	Dec. 28, 2014
Long-Term Debt
Long-term Debt	2) Long-Term Debt
	On August 28, 2012, the Company entered into a Loan and Security Agreement (the “F&M Loan Agreement”) with The F&M Bank & Trust Company (“F&M”) providing for a $2.0 million revolving credit facility (with a $500 thousand letter of credit subfacility), a $2.0 million fully funded term loan facility and a $6.0 million advancing term loan facility.  An origination fee of 0.5% of the total credit facilities was paid at closing.  At closing, F&M funded a $2.0 million term loan payable in 48 equal monthly installments of principal plus accrued interest at a fixed rate of 4.574% per annum.  Amounts repaid under this fully funded term loan may not be reborrowed. Initial proceeds from the F&M Loan Agreement were used to repay amounts borrowed under a previous credit facility that subsequently was canceled.
	On June 13, 2013 the Company entered into a First Amendment to the F&M Loan Agreement that revised certain financial covenants to address proceeds from the Company’s at-the-market offering of common stock.  On September 10, 2013 the Company entered into a Second Amendment to the F&M Loan Agreement that specified the application of prepayments to the loan amortization schedule and revised certain definitions.
	The Company could borrow, repay and reborrow under the revolving credit facility through August 28, 2014, at which time all amounts outstanding under the revolving credit facility matured. At that date, the Company had no borrowings on the revolving credit facility and allowed it to expire.  An unused commitment fee of 0.50% per annum was payable quarterly on the average unused portion of the revolving credit facility.
	Through August 28, 2014, F&M had agreed to make up to $6.0 million in additional term loans to the Company.    However, no amounts were outstanding on the advancing term loan facility at the expiration of the advance period.As of December 28, 2014, the balance on the initial term loan facility was also paid in full.As a result, the F&M Loan Agreement has expired by its terms.

Commitment_and_Contingencies

Commitment and Contingencies	6 Months Ended
	Dec. 28, 2014
Commitment and Contingencies:
Commitments and Contingencies Disclosure	(3) Commitments and Contingencies
	On April 22, 2009, the Company’s board of directors amended the stock purchase plan first adopted on May 23, 2007, and previously amended on June 2, 2008, to increase the number of shares of common stock the Company may repurchase to a total of 3,016,000 shares.  As of December 28, 2014, up to an additional 848,425shares could be purchased under the plan.
	The Company is subject to various claims and legal actions in the ordinary course of its business.  The Company believes that all such claims and actions currently pending against it are either adequately covered by insurance or would not have a material adverse effect on the Company’s annual results of operations, cash flows or financial condition if decided in a manner that is unfavorable to the Company

Stock_Based_Compensation

Stock Based Compensation	6 Months Ended
	Dec. 28, 2014
Stock-Based Compensation
Stock-Based Compensation	(4)           Stock-Based Compensation
	For the three months and six monthsended December 28, 2014, the Company recognized stock-based compensation expense of $30,000 and $53,000, respectively.As of December 28, 2014, unamortized stock-based compensation expense was $0.3million.
	The following table summarizes the number of shares of the Company’s common stock subject to outstanding stock options:
	<BTB>	Six Months Ended
	<BTB>	28-Dec-14	29-Dec-13
	Outstanding at beginning of year	921,198	851,306
	Granted	108,800	70,392
	Exercised	(77,000)	-
	Forfeited/Canceled/Expired	-	-
	Outstanding at end of period	952,998	921,698
	Exercisable at end of period	478,823	502,506

Earnings_Per_Share_EPS

Earnings Per Share (EPS)	6 Months Ended
	Dec. 28, 2014
Earnings Per Share:
Earnings Per Share	(5)           Earnings per Share (EPS)
	The following table shows the reconciliation of the numerator and denominator of the basic EPS calculation to the numerator and denominator of the diluted EPS calculation (in thousands, except per share amounts).
		Three Months Ended		Six Months Ended
		December 28,	December 29,	December 28,	December 29,
		2014	2013	2014	2013
	Loss from continuing operations	$               (356)	$               (349)	$               (594)	$               (659)
	Discontinued operations	(43)	(48)	(70)	(89)
	Net loss available to common stockholders	$               (399)	$               (397)	$               (664)	$               (748)
	BASIC:
	Weighted average common shares	9,393	8,615	9,392	8,510
	Loss from continuing operations per common share	$              (0.04)	$              (0.04)	$              (0.06)	$              (0.08)
	Discontinued operations per common share	-	(0.01)	(0.01)	(0.01)
	Net loss per common share	$              (0.04)	$              (0.05)	$              (0.07)	$              (0.09)
	DILUTED:
	Weighted average common shares	9,393	8,615	9,392	8,510
	Stock options	502	631	513	605
	Weighted average common shares outstanding	9,895	9,246	9,905	9,115
	Loss from continuing operations per common share	$              (0.04)	$              (0.04)	$              (0.06)	$              (0.07)
	Discontinued operations per common share	-	-	(0.01)	(0.01)
	Net loss per common share	$              (0.04)	$              (0.04)	$              (0.07)	$              (0.08)
	For the three months and six months ended December 28, 2014, options to purchase 15,000 and 30,000 shares of common stock at an exercise price of $8.16 and $8.05, respectively,were excluded from the computation of diluted EPS because the options’ exercise price exceeded the average market price of the common shares for the period.

Closed_Restaurants_and_Discont

Closed Restaurants and Discontinued Operations	6 Months Ended
	Dec. 28, 2014
Closed restaurants and discontinued operations
Closed restaurants and discontinued operations	(6)           Closed restaurants and discontinued operations
	The authoritative guidance on“Accounting for the Impairment or Disposal of Long-Lived Assets,” requires that discontinued operations that meet certain criteria be reflected in the statement of operations after results of continuing operations as a net amount.  This guidance also requires that the operations of closed restaurants, including any impairment charges, be reclassified to discontinued operations for all periods presented.
	The authoritative guidance on“Accounting for Costs Associated with Exit or Disposal Activities,” requires that a liability for a cost associated with an exit or disposal activity be recognized when the liability is incurred.  This authoritative guidance also establishes that fair value is the objective for initial measurement of the liability.
	Discontinued operations reflect losses from two Company-owned Pizza Inn locations in Texas.  These losses were attributable to leasehold expense associated with a restaurant closed during fiscal 2008 and operating results for a restaurant closed in the fourth quarter of fiscal 2014.

Income_Taxes

Income Taxes	6 Months Ended
	Dec. 28, 2014
Income Taxes:
Income Taxes	(7)           Income Taxes
	For the three and six month periods ended December 28, 2014, income tax benefit of $0.2 million and $0.3 million, respectively,were calculated on an effective income tax rate that is consistent with the statutory U.S. federal income tax rate of 34% adjusted for state income tax effects and permanent difference items. Management believes that future operations will generate sufficient taxable income, along with the reversal of temporary differences, to fully realize the net deferred tax asset of $2.2 million.

Related_Party_Transactions

Related Party Transactions	6 Months Ended
	Dec. 28, 2014
Related Party Disclosures:
Related Party Transactions Disclosure	(8)           Related Party Transactions
	On February 20, 2014, the Company entered into an Advisory Services Agreement (the “Agreement”) with NCM Services, Inc. (“NCMS”) pursuant to which NCMS will provide certain advisory and consulting services to the Company.  NCMS is indirectly owned and controlled by Mark E. Schwarz, the Chairman of the Company.  The term of the Agreement commenced December 30, 2013, and will continue for four fiscal quarters of the Company and quarterly thereafter until terminated by either party.  Pursuant to the Agreement, NCMS was paid an initial fee of $150,000 and earns quarterly fees of $50,000 and an additional fee of up to $50,000 per quarter (not to exceed an aggregate of $100,000 in additional fees).  The quarterly and additional fees are waived if the Company is not in compliance with all financial covenants under its primary credit facility or to the extent that payment of those fees would result in non-compliance with such financial covenants

Subsequent_Events

Subsequent Events	6 Months Ended
	Dec. 28, 2014
Subsequent Events:
Subsequent Events	(9)           Subsequent Events
	Effective January 7, 2015, the Articles of Incorporation of the Company were amended and restated to, among other things, change its corporate name from “Pizza Inn Holdings, Inc.” to “Rave Restaurant Group, Inc.”  Effective January 9, 2015, the Company’s ticker symbol on NASDAQ was changed from “PZZI” to “RAVE”.

Segment_Reporting

Segment Reporting	6 Months Ended
	Dec. 28, 2014
Segment Reporting:
Segment Reporting	10)          Segment Reporting
	Summarized in the following tables are net sales and operating revenues, operating income and geographic information (revenues) for the Company’s reportable segments for the threemonth and six month periods ended December 28, 2014 and December 29, 2013 (in thousands).Operating income reported belowexcludesincome tax provision and discontinued operations.
			Three Months Ended		Six Months Ended
	<BTB>		December 28,	December 29,	December 28,	December 29,
			2014	2013	2014	2013
	Net sales and operating revenues:
	Franchising and food and supply distribution		$             8,331	$             7,764	$           16,817	$           15,563
	Company-owned restaurants (1)		2,796	2,264	5,617	4,532
		Consolidated revenues	$           11,127	$           10,028	$           22,434	$           20,095
	Depreciation and amortization:
	Franchising and food and supply distribution		$                    6	$                    5	$                  11	$                    7
	Company-owned restaurants (1)		303	286	624	592
		Combined	309	291	635	599
	Corporate administration and other		56	31	106	88
		Depreciation and amortization	$                365	$                322	$                741	$                687
	Income (loss) from continuing operations before taxes:
	Franchising and food and supply distribution (2)		$                387	$                328	$                808	$                620
	Company-owned restaurants (1) (2)		(343)	(307)	(444)	(705)
		Combined	44	21	364	(85)
	Corporate administration and other (2)		(567)	(550)	(1,240)	(908)
		Loss from continuing operations before taxes	$               (523)	$               (529)	$               (876)	$               (993)
	Geographic information (revenues):
	United States		$           10,969	$             9,778	$           22,109	$           19,621
	Foreign countries		158	250	325	474
		Consolidated total	$           11,127	$           10,028	$           22,434	$           20,095
	<FN>
	(1)	Company stores that were closed are included in discontinued
		operations in the accompanying Condensed Consolidated Statement
		of Operations.
	(2)	Portions of corporate administration and other have been allocated to segments.

Accounting_Policies_Policies

Accounting Policies (Policies)	6 Months Ended
	Dec. 28, 2014
Accounting Policies:
Principles of Consolidation
	Principles of Consolidation
	The consolidated financial statements include the accounts of the Company and its subsidiaries, all of which are wholly owned.  All appropriate intercompany balances and transactions have been eliminated.
Cash and Cash Equivalents
	Cash and Cash Equivalents
	The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents.
Fiscal Quarters	Fiscal Quarters
	The three month periodsended December 28, 2014 and December 29, 2013, each contained 13 weeks.  The six month periods ended December 28, 2014 and December 29, 2013, each contained 26 weeks.
Revenue Recognition	Revenue Recognition
	The Company recognizes revenue when products are delivered and the customer takes ownership and assumes risk of loss, collection of the relevant receivable is probable, persuasive evidence of an arrangement exists and the sales price is fixed or determinable.  The Company's Norco division sells food and supplies to franchisees on trade accounts under terms common in the industry.  Food and supply sales revenues, including shipping and handling costs, are recognized upon delivery of the product. Revenue from restaurant sales is recognized when food and beverage products are sold. The Company reports revenue net of sales taxes collected from customers and remitted to governmental taxing authorities.
	Franchise revenue consists of income from license fees, royalties, and area development and foreign master license fees. License fees are recognized as income when there has been substantial performance under the agreement by the Company.Domestic license fees are generally recognized at the time the restaurant is opened.  Foreign master license fees are generally recognized upon execution of the agreement as all material services relating to the sale have been substantially performed by the Company and the fee has been collected.  Royalties are recognized as income when earned.
Stock-Based Compensation Policy
	Stock-Based Compensation
	The Companyaccounts for stock options using the fair value recognition provisions of the authoritative guidance onshare-based payments.The Company uses the Black-Scholes formula to estimate the value of stock-based compensation for options granted to employees and directors and expects to continue to use this acceptable option valuation model in the future.  The authoritative guidance also requires the benefits of tax deductions in excess of recognized compensation cost to be reported as a financing cash flow
Use of Management Estimates	Use of Management Estimates
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires the Company’s management to make estimates and assumptions that affect its reported amounts of assets, liabilities, revenues, expenses and related disclosure of contingent liabilities.  The Company bases its estimates on historical experience and other various assumptions that it believes are reasonable under the circumstances.  Estimates and assumptions are reviewed periodically and actual results could differ materially from estimates.
Reclassification
	Reclassification
	Certain items have been reclassified in the prior year financial statements to conform to current year presentation

Schedule_of_Stock_Based_Compen

Schedule of Stock Based Compensation (Tables)	6 Months Ended
	Dec. 28, 2014
Schedule of Stock Based Compensation (Tables):
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions	The following table summarizes the number of shares of the Company’s common stock subject to outstanding stock options:
	<BTB>	Six Months Ended
	<BTB>	28-Dec-14	29-Dec-13
	Outstanding at beginning of year	921,198	851,306
	Granted	108,800	70,392
	Exercised	(77,000)	-
	Forfeited/Canceled/Expired	-	-
	Outstanding at end of period	952,998	921,698
	Exercisable at end of period	478,823	502,506

Earnings_Per_Share_Tables

Earnings Per Share (Tables)	6 Months Ended
	Dec. 28, 2014
Earnings Per Share As Follows
Schedule of Earnings Per Share, Basic and Diluted	The following table shows the reconciliation of the numerator and denominator of the basic EPS calculation to the numerator and denominator of the diluted EPS calculation (in thousands, except per share amounts).
		Three Months Ended		Six Months Ended
		December 28,	December 29,	December 28,	December 29,
		2014	2013	2014	2013
	Loss from continuing operations	$               (356)	$               (349)	$               (594)	$               (659)
	Discontinued operations	(43)	(48)	(70)	(89)
	Net loss available to common stockholders	$               (399)	$               (397)	$               (664)	$               (748)
	BASIC:
	Weighted average common shares	9,393	8,615	9,392	8,510
	Loss from continuing operations per common share	$              (0.04)	$              (0.04)	$              (0.06)	$              (0.08)
	Discontinued operations per common share	-	(0.01)	(0.01)	(0.01)
	Net loss per common share	$              (0.04)	$              (0.05)	$              (0.07)	$              (0.09)
	DILUTED:
	Weighted average common shares	9,393	8,615	9,392	8,510
	Stock options	502	631	513	605
	Weighted average common shares outstanding	9,895	9,246	9,905	9,115
	Loss from continuing operations per common share	$              (0.04)	$              (0.04)	$              (0.06)	$              (0.07)
	Discontinued operations per common share	-	-	(0.01)	(0.01)
	Net loss per common share	$              (0.04)	$              (0.04)	$              (0.07)	$              (0.08)

Schedule_of_Segment_Reporting_

Schedule of Segment Reporting (Tables)	6 Months Ended
	Dec. 28, 2014
Schedule of Segment Reporting (Tables):
Schedule of Segment Reporting Information, by Segment	Operating income reported belowexcludesincome tax provision and discontinued operations.
			Three Months Ended		Six Months Ended
	<BTB>		December 28,	December 29,	December 28,	December 29,
			2014	2013	2014	2013
	Net sales and operating revenues:
	Franchising and food and supply distribution		$             8,331	$             7,764	$           16,817	$           15,563
	Company-owned restaurants (1)		2,796	2,264	5,617	4,532
		Consolidated revenues	$           11,127	$           10,028	$           22,434	$           20,095
	Depreciation and amortization:
	Franchising and food and supply distribution		$                    6	$                    5	$                  11	$                    7
	Company-owned restaurants (1)		303	286	624	592
		Combined	309	291	635	599
	Corporate administration and other		56	31	106	88
		Depreciation and amortization	$                365	$                322	$                741	$                687
	Income (loss) from continuing operations before taxes:
	Franchising and food and supply distribution (2)		$                387	$                328	$                808	$                620
	Company-owned restaurants (1) (2)		(343)	(307)	(444)	(705)
		Combined	44	21	364	(85)
	Corporate administration and other (2)		(567)	(550)	(1,240)	(908)
		Loss from continuing operations before taxes	$               (523)	$               (529)	$               (876)	$               (993)
	Geographic information (revenues):
	United States		$           10,969	$             9,778	$           22,109	$           19,621
	Foreign countries		158	250	325	474
		Consolidated total	$           11,127	$           10,028	$           22,434	$           20,095
	<FN>
	(1)	Company stores that were closed are included in discontinued
		operations in the accompanying Condensed Consolidated Statement
		of Operations.
	(2)	Portions of corporate administration and other have been allocated to segments.

Loan_and_Security_Agreement_wi

Loan and Security Agreement with F & M Bank & Trust Company (Details) (USD $)	Aug. 28, 2012
In Millions, unless otherwise specified
Loan and Security Agreement with F & M Bank & Trust Company:
Revolving credit facility provided	$2
Revolving credit facility with letter of credit subfacility	0.5
Fully Funded Term loan facility	2
Advancing term loan facility	6
Origination fee of the total credit	0.50%
Unused commitment fee per annum is payable quarterly	0.50%
F & M funded term loan payable	2
Term loan payable in equal monthly installments	48
Accrued interest at a fixed rate	4.57%
F and M had agreed to make up in additional term loans	$6

Commitments_and_Contingencies_

Commitments and Contingencies (Details)	Dec. 28, 2014	Jun. 02, 2008
Commitments and Contingencies As Of:
Approved total number of shares that may be repurchased		3,016,000
Additional shares that may be purchased under the plan	848,425

StockBased_Compensation_Detail

Stock-Based Compensation (Details) (USD $)	3 Months Ended	6 Months Ended
	Dec. 29, 2014	Dec. 28, 2014
Stock-Based Compensation During The Period:
Recognized stock-based compensation expense	$30,000	$53,000
Unamortized stock-based compensation expense		$300,000

Outstanding_Stock_Options_Deta

Outstanding Stock Options (Details)	6 Months Ended
	Dec. 28, 2014	Dec. 28, 2013
Outstanding Stock Options During The Period:
Outstanding at beginning of year	921,198	851,306
Granted	108,800	70,392
Exercised	-77,000
Forfeited/Canceled/Expired	0
Outstanding at end of period	952,998	921,698
Exercisable at end of period	478,823	502,506

Earnings_per_Share_EPS_Consist

Earnings per Share (EPS) Consists of the Following (Details) (USD $)	3 Months Ended		6 Months Ended
	Dec. 29, 2014	Dec. 29, 2013	Dec. 28, 2014	Dec. 28, 2013
Earnings per Share (EPS) Consists of the Following
Loss from continuing operations	($356)	($349)	($594)	($659)
Discontinued operations	-43	-48	-70	-89
Net loss available to common stockholders	($399)	($397)	($664)	($748)
BASIC:
Weighted average common shares	9,393	8,615	9,392	8,510
Loss from continuing operations per common share	($0.04)	($0.04)	($0.06)	($0.08)
Discontinued operations per common share		($0.01)	($0.01)	($0.01)
Net loss per common share	($0.04)	($0.05)	($0.07)	($0.09)
DILUTED:
Weighted average common shares	9,393	8,615	9,392	8,510
Stock options	502	631	513	605
Weighted average common shares outstanding	9,895	9,246	9,905	9,115
Loss from continuing operations per common share	($0.04)	($0.04)	($0.06)	($0.07)
Discontinued operations per common share			($0.01)	($0.01)
Net loss per common share	($0.04)	($0.04)	($0.07)	($0.08)

Shares_of_commonstock_and_exer

Shares of commonstock and exercise price (Details) (USD $)	3 Months Ended	6 Months Ended
	Dec. 29, 2014	Dec. 28, 2014
Shares of commonstock and exercise price as follows:
Options to purchase shares of common stock	15,000	30,000
Shares of common stock at an exercise price	$8,160,000	$8,050,000

Income_Taxes_Details

Income Taxes (Details) (USD $)	3 Months Ended	6 Months Ended
In Millions, unless otherwise specified	Dec. 29, 2014	Dec. 28, 2014
Income Taxes Consist of the Following:
Income tax benefit	$0.20	$0.30
Effective income tax rate that is consistent with the statutory U.S. federal income tax rate	34.00%
Net deferred tax asset	$2.20

Related_Party_Agreement_DETAIL

Related Party Agreement (DETAILS) (USD $)	Feb. 20, 2014
Related Party Agreement
NCMS paid an initial fee	$150,000
Earns quarterly fees	50,000
Additional fee per quarter	$50,000

Segment_Reporting_Details

Segment Reporting (Details) (USD $)	3 Months Ended		6 Months Ended
	Dec. 29, 2014	Dec. 29, 2013	Dec. 28, 2014	Dec. 28, 2013
Net sales and operating revenues:
Franchising and food and supply distribution	$8,331	$7,764	$16,817	$15,563
Company-owned restaurants (1)	2,796	2,264	5,617	4,532
Consolidated revenues	11,127	10,028	22,434	20,095
Depreciation and amortization:
Franchising and food and supply distribution	6	5	11	7
Company-owned restaurants (1)	303	286	624	592
Combined	309	291	635	599
Corporate administration and other	56	31	106	88
Depreciation and amortization	365	322	741	687
Income (loss) from continuing operations before taxes:
Franchising and food and supply distribution (2)	387	328	808	620
Company-owned restaurants (1) (2)	-343	-307	-444	-705
Combined	44	21	364	-85
Corporate administration and other (2)	-567	-550	-1,240	-908
Loss from continuing operations before taxes	-523	-529	-876	-993
Geographic information (revenues):
United States	10,969	9,778	22,109	19,621
Foreign countries	158	250	325	474
Consolidated total	$11,127	$10,028	$22,434	$20,095