RAVE Restaurant (RAVE) 10-Q 9 Nov 16 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Sep. 25, 2016	Nov. 03, 2016
Document and Entity Information:
Entity Registrant Name	RAVE RESTAURANT GROUP, INC.
Entity Trading Symbol	rave
Document Type	10-Q
Document Period End Date	Sep. 25, 2016
Amendment Flag	false
Entity Central Index Key	718,332
Current Fiscal Year End Date	--06-26
Entity Common Stock, Shares Outstanding		10,656,551
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	2,017
Document Fiscal Period Focus	Q1

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Sep. 25, 2016	Sep. 27, 2015
REVENUES:
REVENUES:	$ 15,456	$ 14,536
COSTS AND EXPENSES:
Cost of sales	13,882	12,350
General and administrative expenses	1,903	1,569
Franchise expenses	852	859
Pre-opening expenses	19	432
Loss on sale of assets	43
Other lease charges	169
Bad debt	53	103
Interest expense		1
Total costs and expenses	16,921	15,314
Loss from continuing operations before taxes	(1,465)	(778)
Income tax expense (benefit)	14	(258)
LOSS FROM CONTINUING OPERATIONS	(1,479)	(520)
Loss from discontinued operations, net of taxes	(17)	(37)
NET LOSS	$ (1,496)	$ (557)
LOSS PER SHARE OF COMMON STOCK - BASIC:
Loss from continuing operations	$ (0.14)	$ (0.05)
Loss from discontinued operations	0
Net loss	(0.14)	(0.05)
LOSS PER SHARE OF COMMON STOCK - DILUTED:
Loss from continuing operations	(0.14)	(0.05)
Loss from discontinued operations	0
Net loss	$ (0.14)	$ (0.05)
Weighted average common shares outstanding - basic	10,469	10,342
Weighted average common and potential dilutive common shares outstanding	10,569	10,954

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 25, 2016	Jun. 26, 2016
CURRENT ASSETS
Cash and cash equivalents	$ 285	$ 1,104
Accounts receivable, less allowance for bad debts accounts of $252 and $198, respectively	2,714	2,780
Notes receivable	143	167
Inventories	192	197
Income tax receivable	194	194
Prepaid expenses and other	471	430
Total current assets	3,999	4,872
LONG-TERM ASSETS
Property, plant and equipment, net	12,306	12,979
Long-term notes receivable	353	382
Deposits and other	279	272
Total assets	16,937	18,505
CURRENT LIABILITIES
Accounts payable - trade	3,239	3,815
Accrued expenses	1,012	1,220
Deferred rent	152	160
Deferred revenues	258	304
Total current liabilities	4,661	5,499
LONG-TERM LIABILITIES
Deferred rent, net of current portion	1,564	1,710
Deferred revenues, net of current portion	1,475	1,440
Other long-term liabilities	479	453
Total liabilities	8,179	9,102
COMMITMENTS AND CONTINGENCIES (See Note 2)
SHAREHOLDERS' EQUITY
Common stock, $.01 par value; authorized 26,000,000 shares; issued 17,775,951 and 17,460,951 shares, respectively; outstanding 10,656,551 and 10,341,551 shares, respectively	178	175
Additional paid-in capital	26,626	25,778
Retained earnings	6,590	8,086
Treasury stock at cost 7,119,400 shares	(24,636)	(24,636)
Total shareholders' equity	8,758	9,403
Total liabilities and shareholders' equity	$ 16,937	$ 18,505

CONDENSED CONSOLIDATED BALANCE4

CONDENSED CONSOLIDATED BALANCE SHEETS PARENTHETICALS - USD ($) shares in Thousands, $ in Thousands	Sep. 25, 2016	Jun. 26, 2016
Parentheticals
Allowance for bad debts accounts	$ 252	$ 198
Common Stock, Par Value	$ 0.01	$ 0.01
Common Stock, Shares Authorized	26,000,000	26,000,000
Common Stock, Shares Issued	17,775,951	17,460,951
Common Stock, Shares Outstanding	10,656,551	10,341,551
Treasury Stock, shares	7,119,400	7,119,400

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Sep. 25, 2016	Sep. 27, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (1,496)	$ (557)
Adjustments to reconcile net loss to Cash provided by (used in) operating activities:
Depreciation and amortization	790	517
Stock compensation expense	45	45
Deferred income taxes		(281)
Loss on sale of assets	43
Provision for bad debt	53	103
Changes in operating assets and liabilities:
Notes and accounts receivable	66	258
Inventories	5	(33)
Accounts payable - trade	(577)	414
Accrued expenses	(182)	151
Deferred rent	(154)
Deferred revenue	(11)	116
Prepaid expenses and other	(50)	10
Cash (used in) provided by operating activities	(1,468)	743
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from sale of assets	5
Capital expenditures	(162)	(3,564)
Cash used in investing activities	(157)	(3,564)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from sale of stock		779
Proceeds from stock options	806
Cash provided by financing activities	806	779
Net decrease in cash and cash equivalents	(819)	(2,042)
Cash and cash equivalents, beginning of period	1,104	5,958
Cash and cash equivalents, end of period	285	3,916
CASH PAYMENTS FOR:
Interest		1
Income taxes - net	$ 25	$ 5

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Sep. 25, 2016
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 periods ended September 25, 2016 and September 27, 2015, each contained 13 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 Company accounts for stock options using the fair value recognition provisions of the authoritative guidance on share-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. Restricted Stock Units Compensation cost is measured as an amount equal to the fair value of the restricted stock units on the date of grant and is expensed over the vesting period if achievement of the performance criteria is deemed probable, with the amount of the expense recognized based on the best estimate of the ultimate achievement level. Use of Management Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America ("GAAP") 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.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Sep. 25, 2016
Commitments and Contingencies {1}
Commitments and Contingencies	(2) Commitments and Contingencies On April 22, 2009 the Company's board of directors amended the 2007 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 shares to a total of 3,016,000 shares. The 2007 Stock Purchase Plan does not have an expiration date. There were no stock repurchases in the first quarter of fiscal 2017. As of September 25, 2016, up to an additional 848,425 shares could be repurchased under the 2007 Stock Purchase Plan. The Company is subject to various claims and contingencies related to employment agreements, franchise disputes, lawsuits, taxes, food product purchase contracts and other matters arising out of the normal course of business. Management believes that any such claims and actions currently pending are either covered by insurance or would not have a material adverse effect on the Company's annual results of operations or financial condition if decided in a manner that is unfavorable to the Company.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Sep. 25, 2016
Stock-Based Compensation
Stock-Based Compensation	(3) Stock-Based Compensation Stock Options: For the three months ended September 25, 2016, and September 27, 2015, the Company recognized stock-based compensation expense related to stock options of $25 thousand and $45 thousand, respectively. As of September 25, 2016, unamortized stock-based compensation expense related to stock options was $0.1 million. The following table summarizes the number of shares of the Company's common stock subject to outstanding stock options: Three Months Ended September 25, 2016 September 27, 2015 Outstanding at beginning of year 847,556 871,798 Granted 50,000 42,786 Exercised (315,000 ) - Forfeited/Canceled/Expired (80,000 ) - Outstanding at end of period 502,556 914,584 Exercisable at end of period 365,406 443,028 Restricted Stock Units: For the three months ended September 25, 2016, and September 27, 2015, the Company recognized stock-based compensation expense related to restricted stock units in the amount of $20 thousand and $0. As of September 25, 2016, unamortized stock-based compensation expense related to restricted stock units was $0.2 million. A summary of the status of restricted stock units as of September 25, 2016, and changes during the fiscal quarter then ended is presented below: Number of Restricted Stock Units Unvested at June 26, 2016 79,620 Granted - Vested - Forfeited (43,750 ) Unvested at September 25, 2016 35,870

Earnings per Share (EPS)

Earnings per Share (EPS)	3 Months Ended
	Sep. 25, 2016
Earnings per Share (EPS)
Earnings per Share (EPS)	(4) 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 September 25, September 27, 2016 2015 Loss from continuing operations $ (1,479 ) $ (520 ) Loss from discontinued operations (17 ) (37 ) Net loss available to common stockholders $ (1,496 ) $ (557 ) BASIC: Weighted average common shares 10,469 10,342 Loss from continuing operations per common share $ (0.14 ) $ (0.05 ) Loss from discontinued operations per common share - - Net loss per common share $ (0.14 ) $ (0.05 ) DILUTED: Weighted average common shares 10,469 10,342 Stock options 100 612 Weighted average common shares outstanding 10,569 10,954 Loss from continuing operations per common share $ (0.14 ) $ (0.05 ) Loss from discontinued operations per common share - - Net loss per common share $ (0.14 ) $ (0.05 ) For the three months ended September 25, 2016, options to purchase 236,250 shares of common stock at an exercise prices ranging from $3.95 to $13.11 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 disconti

Closed restaurants and discontinued operations	3 Months Ended
	Sep. 25, 2016
Closed restaurants and discontinued operations
Closed restaurants and discontinued operations	(5) Closed restaurants and discontinued operations In April, 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, which modifies the definition of discontinued operations to include only disposals of an entity that represent strategic shifts that have or will have a major effect on an entity's operation and requires entities to disclose information about disposals of individually significant components that do not meet the definition of discontinued operations. The standard was effective prospectively for annual and interim periods beginning after December 15, 2014, with early adoption permitted. This pronouncement did not have a material impact on our condensed consolidated financial statements. 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 include losses from leased buildings associated with Company-owned restaurants closed in prior years.

Income Taxes

Income Taxes	3 Months Ended
	Sep. 25, 2016
Income Taxes:
Income Taxes	(6) Income Taxes For the three months ended September 25, 2016, income tax expense represents an income tax benefit of $510 thousand calculated at a rate consistent with the 34% statutory U.S. federal rate offset by an income tax expense of $515 thousand related to a valuation allowance for deferred tax assets of $510 thousand and state taxes of $5 thousand. For the three months ended September 27, 2015, income tax expense was $.03 million. The Company continually reviews the realizability of its deferred tax assets, including an analysis of factors such as future taxable income, reversal of existing taxable temporary differences, and tax planning strategies. The Company continues to record a full valuation allowance against its net deferred tax assets. The Company assessed whether a valuation allowance should be established against its deferred tax assets based on consideration of all available evidence, using a "more likely than not" standard. In assessing the need for a valuation allowance, the Company considered both positive and negative evidence related to the likelihood of realization of deferred tax assets. In making such assessment, more weight was given to evidence that could be objectively verified, including recent cumulative losses. Future sources of taxable income were also considered in determining the amount of the recorded valuation allowance. Based on the Company's review of this evidence at September 25, 2016, management determined that a valuation allowance against all of the Company's deferred tax assets accruing during the first quarter of fiscal 2017 was appropriate. There was approximately $5.4 million of deferred tax assets at September 25, 2016.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Sep. 25, 2016
Related Party Transactions
Related Party Transactions	(7) 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 continues 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.

Segment Reporting

Segment Reporting	3 Months Ended
	Sep. 25, 2016
Segment Reporting
Segment Reporting	(8) 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 three month periods ended September 25, 2016 and September 27, 2015 (in thousands). Operating income reported below excludes income tax provision and discontinued operations. Three Months Ended September 25, September 27, 2016 2015 Net sales and operating revenues: Franchising and food and supply distribution $ 10,557 $ 9,912 Company-owned restaurants (1) 4,899 4,624 Consolidated revenues $ 15,456 $ 14,536 Depreciation and amortization: Franchising and food and supply distribution $ 6 $ 6 Company-owned restaurants (1) 687 443 Combined 693 449 Corporate administration and other 97 68 Depreciation and amortization $ 790 $ 517 Income (loss) from continuing operations before taxes: Franchising and food and supply distribution (2) $ 876 $ 633 Company-owned restaurants (1) (2) (1,566 ) (663 ) Combined (690 ) (30 ) Corporate administration and other (2) (775 ) (748 ) Loss from continuing operations before taxes $ (1,465 ) $ (778 ) Geographic information (revenues): United States $ 15,261 $ 14,335 Foreign countries 195 201 Consolidated total $ 15,456 $ 14,536 (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)	3 Months Ended
	Sep. 25, 2016
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 periods ended September 25, 2016 and September 27, 2015, each contained 13 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.
Share-based Compensation, Policy	Stock-Based Compensation The Company accounts for stock options using the fair value recognition provisions of the authoritative guidance on share-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.
Restricted Stock Units	Restricted Stock Units Compensation cost is measured as an amount equal to the fair value of the restricted stock units on the date of grant and is expensed over the vesting period if achievement of the performance criteria is deemed probable, with the amount of the expense recognized based on the best estimate of the ultimate achievement level.
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 ("GAAP") 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 Summary of Outstand

Schedule of Summary of Outstanding Stock Options (Tables)	3 Months Ended
	Sep. 25, 2016
Schedule of Summary of Outstanding Stock Options
Schedule of Summary of Outstanding Stock Options	The following table summarizes the number of shares of the Company's common stock subject to outstanding stock options: <BTB> Three Months Ended <BTB> September 25, 2016 September 27, 2015 Outstanding at beginning of year 847,556 871,798 Granted 50,000 42,786 Exercised (315,000 ) - Forfeited/Canceled/Expired (80,000 ) - Outstanding at end of period 502,556 914,584 Exercisable at end of period 365,406 443,028
Schedule of restricted stock units (Tables)	A summary of the status of restricted stock units as of September 25, 2016, and changes during the fiscal quarter then ended is presented below: Number of Restricted Stock Units Unvested at June 26, 2016 79,620 Granted - Vested - Forfeited (43,750 ) Unvested at September 25, 2016 35,870

Schedule of reconciliation of t

Schedule of reconciliation of the numerator and denominator of the basic EPS calculation to the numerator and denominator of the diluted EPS calculation (Tables)	3 Months Ended
	Sep. 25, 2016
Schedule of reconciliation of the numerator and denominator of the basic EPS calculation to the numerator and denominator of the diluted EPS calculation
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 September 25, September 27, 2016 2015 Loss from continuing operations $ (1,479 ) $ (520 ) Loss from discontinued operations (17 ) (37 ) Net loss available to common stockholders $ (1,496 ) $ (557 ) BASIC: Weighted average common shares 10,469 10,342 Loss from continuing operations per common share $ (0.14 ) $ (0.05 ) Loss from discontinued operations per common share - - Net loss per common share $ (0.14 ) $ (0.05 ) DILUTED: Weighted average common shares 10,469 10,342 Stock options 100 612 Weighted average common shares outstanding 10,569 10,954 Loss from continuing operations per common share $ (0.14 ) $ (0.05 ) Loss from discontinued operations per common share - - Net loss per common share $ (0.14 ) $ (0.05 )

Schedule of Segment Reporting (

Schedule of Segment Reporting (Tables)	3 Months Ended
	Sep. 25, 2016
Schedule of Segment Reporting (Tables):
Schedule of Segment Reporting Information, by Segment	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 three month periods ended September 25, 2016 and September 27, 2015 (in thousands). Operating income reported below excludes income tax provision and discontinued operations. Three Months Ended <BTB> September 25, September 27, 2016 2015 Net sales and operating revenues: Franchising and food and supply distribution $ 10,557 $ 9,912 Company-owned restaurants (1) 4,899 4,624 Consolidated revenues $ 15,456 $ 14,536 Depreciation and amortization: Franchising and food and supply distribution $ 6 $ 6 Company-owned restaurants (1) 687 443 Combined 693 449 Corporate administration and other 97 68 Depreciation and amortization $ 790 $ 517 Income (loss) from continuing operations before taxes: Franchising and food and supply distribution (2) $ 876 $ 633 Company-owned restaurants (1) (2) (1,566 ) (663 ) Combined (690 ) (30 ) Corporate administration and other (2) (775 ) (748 ) Loss from continuing operations before taxes $ (1,465 ) $ (778 ) Geographic information (revenues): United States $ 15,261 $ 14,335 Foreign countries 195 201 Consolidated total $ 15,456 $ 14,536

Commitments and Contingencies (

Commitments and Contingencies (Details) - shares	Sep. 25, 2016	Jun. 02, 2008
Commitments and Contingencies Details
Common stock shares may be repurchased	3,016,000
Additional shares could be purchased the plan		848,425

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) - USD ($)	3 Months Ended
	Sep. 25, 2016	Sep. 25, 2015
Stock-Based Compensation Narrative Details
Stock-based compensation recognized	$ 25,000	$ 45,000
Unamortized stock-based compensation expense	$ 100,000

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - shares	3 Months Ended
	Sep. 25, 2016	Sep. 25, 2015
Stock-Based Compensation Details
Outstanding at beginning of year	847,556	871,798
Granted	50,000	42,786
Exercised	(315,000)
Forfeited/Canceled/Expired	(80,000)
Outstanding at end of period	502,556	914,584
Exercisable at end of period	365,406	443,028

Restricted Stock Units Stock-Ba

Restricted Stock Units Stock-Based Compensation (Narrative) (Details) - shares	3 Months Ended
	Sep. 25, 2016	Sep. 25, 2015
Restricted Stock Units Stock-Based Compensation Narrative Details
Stock-based compensation expense related to restricted stock units	20,000	0
Unamortized stock-based compensation expense related to restricted stock units	200,000

Summary of the status of restri

Summary of the status of restricted stock units (Details)	Sep. 25, 2016shares
Summary of the status of restricted stock units Details
Unvested at June 26, 2016	79,620
Granted	0
Vested	0
Forfeited	(43,750)
Unvested at September 25, 2016	35,870

Earnings per Share (EPS) (Detai

Earnings per Share (EPS) (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Sep. 25, 2016	Sep. 25, 2015
Earnings per Share (EPS) Details
Loss from continuing operations	$ (1,479)	$ (520)
Loss from discontinued operations	(17)	(37)
Net loss available to common stockholders	$ (1,496)	$ (557)
BASIC:
Weighted average common shares	10,469	10,342
Loss from continuing operations per common share	$ (0.14)	$ (0.05)
Loss from discontinued operations per common share	$ 0
Net loss per common share	$ (0.14)	$ (0.05)
DILUTED:
Weighted average common shares	10,469	10,342
Stock options	100	612
Weighted average common shares outstanding	10,569	10,954
Loss from continuing operations per common share	$ (0.14)	$ (0.05)
Loss from discontinued operations per common share		$ 0
Net loss per common share	$ (0.14)	$ (0.05)

Earnings per Share (EPS) Narrat

Earnings per Share (EPS) Narrative (Details)	3 Months Ended
	Sep. 25, 2016$ / sharesshares
Earnings per Share (EPS) Narrative Details
Options to purchase shares of common stock excluded from computation of diluted | shares	236,250
Exercise price of the options minimum	$ 3.95
Exercise price of the options maximum	$ 13.11

Income Taxes (Details)

Income Taxes (Details) - USD ($)	3 Months Ended
	Sep. 25, 2016	Sep. 25, 2015
Income Taxes Details
Income tax benefit	$ 510,000
Statutory U.S. federal rate	34.00%
Income tax expense	$ 515,000	$ 30,000
Valuation allowance for deferred tax assets	510,000
State taxes	$ 5,000

Deferred tax assets (Details)

Deferred tax assets (Details)	Sep. 25, 2016USD ($)
Deferred tax assets Details
Deferred tax assets	$ 5,400,000

Related Party Transactions (Det

Related Party Transactions (Details)	Sep. 25, 2016USD ($)
Related Party Transactions Details
NCMS was paid an initial fee	$ 150,000
Earns quarterly fees	50,000
Additional fee per quarter	50,000
Aggregate amount not to be exceeded in additional fees	$ 100,000

Segment Reporting And Geographi

Segment Reporting And Geographic Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 25, 2016	Sep. 25, 2015
Net sales and operating revenues:
Franchising and food and supply distribution	$ 10,557	$ 9,912
Company-owned restaurants (1)	4,899	4,624
Consolidated revenues	15,456	14,536
Depreciation and amortization:
Franchising and food and supply distribution	6	6
Company-owned restaurants (1)	687	443
Combined	693	449
Corporate administration and other	97	68
Depreciation and amortization	790	517
Income (loss) from continuing operations before taxes:
Franchising and food and supply distribution (2)	876	633
Company-owned restaurants (1) (2)	(1,566)	(663)
Combined	(690)	(30)
Corporate administration and other (2)	(775)	(748)
Loss from continuing operations before taxes	(1,465)	(778)
Geographic information (revenues):
United States	15,261	14,335
Foreign countries	195	201
Consolidated total	$ 15,456	$ 14,536