Ark Restaurants (ARKR) 10-Q 16 Aug 16 2016 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Jul. 02, 2016	Aug. 11, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	ARK RESTAURANTS CORP
Document Type	10-Q
Current Fiscal Year End Date	--10-01
Entity Common Stock, Shares Outstanding		3,423,220
Amendment Flag	false
Entity Central Index Key	779,544
Entity Filer Category	Smaller Reporting Company
Document Period End Date	Jul. 2, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3

CONSOLIDATED CONDENSED BALANCE

CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Thousands	Jul. 02, 2016	Oct. 03, 2015
CURRENT ASSETS:
Cash and cash equivalents (includes $876 at July 2, 2016 and $604 at October 3, 2015 related to VIEs)	$ 8,519	$ 9,735
Accounts receivable (includes $432 at July 2, 2016 and $303 at October 3, 2015 related to VIEs)	3,332	3,221
Employee receivables	482	485
Inventories (includes $22 at July 2, 2016 and $24 at October 3, 2015 related to VIEs)	1,925	1,956
Prepaid expenses and other current assets (includes $228 at July 2, 2016 and $216 at October 3, 2015 related to VIEs)	2,821	2,365
Total current assets	17,079	17,762
FIXED ASSETS - Net (includes $26 at July 2, 2016 and $40 at October 3, 2015 related to VIEs)	29,995	27,804
INTANGIBLE ASSETS - Net	568	499
GOODWILL	7,895	6,813
TRADEMARKS	1,611	1,221
DEFERRED INCOME TAXES	3,913	4,453
INVESTMENT IN AND RECEIVABLE FROM NEW MEADOWLANDS RACETRACK	6,489	6,453
OTHER ASSETS (includes $71 at July 2, 2016 and October 3, 2015 related to VIEs)	2,049	1,562
TOTAL ASSETS	69,599	66,567
CURRENT LIABILITIES:
Accounts payable - trade (includes $77 at July 2, 2016 and $81 at October 3, 2015 related to VIEs)	3,104	3,207
Accrued expenses and other current liabilities (includes $326 at July 2, 2016 and $131 at October 3, 2015 related to VIEs)	10,147	10,332
Accrued income taxes	1,898	2,477
Current portion of notes payable	2,571	1,617
Total current liabilities	17,720	17,633
OPERATING LEASE DEFERRED CREDIT (includes $75 at July 2, 2016 and $81 at October 3, 2015 related to VIEs)	3,606	3,796
NOTES PAYABLE, LESS CURRENT PORTION	5,975	3,907
TOTAL LIABILITIES	27,301	25,336
COMMITMENTS AND CONTINGENCIES
EQUITY:
Common stock, par value $.01 per share - authorized, 10,000 shares; issued, 3,418 and 4,774 shares at July 2, 2016 and October 3, 2015; outstanding, 3,418 shares at July 2, 2016 and October 3, 2015	34	48
Additional paid-in capital	12,763	25,682
Retained earnings	27,026	26,548
	39,823	52,278
Less treasury stock, at cost, of 1,356 shares at October 3, 2015		(13,220)
Total Ark Restaurants Corp. shareholders’ equity	39,823	39,058
NON-CONTROLLING INTERESTS	2,475	2,173
TOTAL EQUITY	42,298	41,231
TOTAL LIABILITIES AND EQUITY	$ 69,599	$ 66,567

CONSOLIDATED CONDENSED BALANCE3

CONSOLIDATED CONDENSED BALANCE SHEETS (Parentheticals) - USD ($) shares in Thousands, $ in Thousands	Jul. 02, 2016	Oct. 03, 2015
VIEs, Cash and cash equivalents	$ 876	$ 604
VIEs, Accounts receivable	432	303
VIEs, Inventories	22	24
VIEs, Prepaid expenses and other current assets	228	216
VIEs, Fixed assets	26	40
VIEs, Other assets	71	71
VIEs, Accounts payable trade	77	81
VIEs, Accrued expenses and other current liabilities	326	131
VIEs, Operating lease deferred credit	$ 75	$ 81
Common stock, par value (in Dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in Shares)	10,000	10,000
Common stock, shares issued (in Shares)	3,418	4,774
Common stock, shares outstanding (in Shares)	3,418	3,418
Treasury stock, shares (in Shares)		1,356

CONSOLIDATED CONDENSED STATEMEN

CONSOLIDATED CONDENSED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 02, 2016	Jun. 27, 2015	Jul. 02, 2016	Jun. 27, 2015
REVENUES:
Food and beverage sales	$ 40,935	$ 40,016	$ 110,503	$ 104,278
Other revenue	298	359	1,111	1,004
Total revenues	41,233	40,375	111,614	105,282
COSTS AND EXPENSES:
Food and beverage cost of sales	10,656	10,573	29,440	28,491
Payroll expenses	12,895	12,019	38,100	34,158
Occupancy expenses	3,309	4,351	11,891	12,367
Other operating costs and expenses	4,999	4,858	14,485	13,473
General and administrative expenses	2,956	2,769	8,996	8,200
Depreciation and amortization	1,109	1,104	3,384	3,308
Total costs and expenses	35,924	35,674	106,296	99,997
OPERATING INCOME	5,309	4,701	5,318	5,285
OTHER (INCOME) EXPENSE:
Interest expense	116	81	316	206
Interest income	(12)	(12)	(36)	(35)
Other (income) expense, net	(217)	(42)	(439)	(164)
Total other (income) expense, net	(113)	27	(159)	7
INCOME BEFORE PROVISION FOR INCOME TAXES	5,422	4,674	5,477	5,278
Provision for income taxes	1,362	1,051	1,398	1,219
CONSOLIDATED NET INCOME	4,060	3,623	4,079	4,059
Net income attributable to non-controlling interests	(693)	(382)	(1,036)	(678)
NET INCOME ATTRIBUTABLE TO ARK RESTAURANTS CORP.	$ 3,367	$ 3,241	$ 3,043	$ 3,381
NET INCOME PER ARK RESTAURANTS CORP. COMMON SHARE:
Basic (in Dollars per share)	$ 0.99	$ 0.95	$ 0.89	$ 1
Diluted (in Dollars per share)	$ 0.96	$ 0.92	$ 0.87	$ 0.97
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:
Basic (in Shares)	3,418	3,403	3,418	3,388
Diluted (in Shares)	3,494	3,517	3,504	3,500

CONSOLIDATED CONDENSED STATEME5

CONSOLIDATED CONDENSED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Parent [Member]	Noncontrolling Interest [Member]	Total
BALANCE at Sep. 27, 2014	$ 47	$ 25,167	$ 24,554	$ (13,220)	$ 36,548	$ 2,344	$ 38,892
BALANCE (in Shares) at Sep. 27, 2014	4,733,000
Net income			3,381		3,381	678	4,059
Exercise of stock options	$ 1	355			356		356
Exercise of stock options (in Shares)	28,000
Tax benefit on exercise of stock options		94			94		94
Stock-based compensation		313			313		313
Distributions to non-controlling interests						(826)	(826)
Accrued and paid dividends - $0.75 per share			(2,543)		(2,543)		(2,543)
BALANCE at Jun. 27, 2015	$ 48	25,929	25,392	(13,220)	38,149	2,196	40,345
BALANCE (in Shares) at Jun. 27, 2015	4,761,000
BALANCE at Oct. 03, 2015	$ 48	25,682	26,548	(13,220)	39,058	2,173	41,231
BALANCE (in Shares) at Oct. 03, 2015	4,774,000
Net income			3,043		3,043	1,036	4,079
Exercise of stock options		1			1		$ 1
Exercise of stock options (in Shares)							100
Stock-based compensation		286			286		$ 286
Retirement of treasury shares	$ (14)	(13,206)		$ 13,220
Retirement of treasury shares (in Shares)	(1,356,000)
Distributions to non-controlling interests						(734)	(734)
Accrued and paid dividends - $0.75 per share			(2,565)		(2,565)		(2,565)
BALANCE at Jul. 02, 2016	$ 34	$ 12,763	$ 27,026		$ 39,823	$ 2,475	$ 42,298
BALANCE (in Shares) at Jul. 02, 2016	3,418,000

CONSOLIDATED CONDENSED STATEME6

CONSOLIDATED CONDENSED STATEMENTS OF CHANGES IN EQUITY (Parentheticals) - $ / shares	9 Months Ended
	Jul. 02, 2016	Jun. 27, 2015
Dividends, per share	$ 0.75	$ 0.75
Retained Earnings [Member]
Dividends, per share	0.75	0.75
Parent [Member]
Dividends, per share	$ 0.75	$ 0.75

CONSOLIDATED CONDENSED STATEME7

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)	9 Months Ended
	Jul. 02, 2016	Jun. 27, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Consolidated net income	$ 4,079,000	$ 4,059,000
Adjustments to reconcile consolidated net income to net cash provided by operating activities:
Loss on closure of restaurants	16,000
Deferred income taxes	540,000	443,000
Stock-based compensation	286,000	313,000
Depreciation and amortization	3,384,000	3,308,000
Amortization of deferred financing costs	32,000
Operating lease deferred credit	(190,000)	(318,000)
Changes in operating assets and liabilities:
Accounts receivable	(111,000)	(675,000)
Inventories	98,000	(64,000)
Prepaid, refundable and accrued income taxes	(594,000)	(234,000)
Prepaid expenses and other current assets	(350,000)	(291,000)
Other assets	(373,000)	(169,000)
Accounts payable - trade	(103,000)	34,000
Accrued expenses and other current liabilities	(426,000)	127,000
Net cash provided by operating activities	6,288,000	6,533,000
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of fixed assets	(1,482,000)	(2,622,000)
Loans and advances made to employees	(161,000)	(110,000)
Payments received on employee receivables	164,000	134,000
Payments received on note receivable		253,000
Net cash used in investing activities	(2,196,000)	(2,456,000)
CASH FLOWS FROM FINANCING ACTIVITIES:
Principal payments on notes payable	(1,879,000)	(1,390,000)
Payment of debt financing costs	(131,000)
Dividends paid	(2,565,000)	(3,387,000)
Proceeds from issuance of stock upon exercise of stock options	1,000	356,000
Excess tax benefits related to stock-based compensation		94,000
Distributions to non-controlling interests	(734,000)	(826,000)
Net cash used in financing activities	(5,308,000)	(5,153,000)
NET DECREASE IN CASH AND CASH EQUIVALENTS	(1,216,000)	(1,076,000)
CASH AND CASH EQUIVALENTS, Beginning of period	9,735,000	8,662,000
CASH AND CASH EQUIVALENTS, End of period	8,519,000	7,586,000
Cash paid during the period for:
Interest	316,000	183,000
Income taxes	1,486,000	917,000
Non-cash financing activities:
Note payable in connection with the purchase of Shuckers	5,000,000
Retirement of 1,356 treasury shares	13,220,000
Meadowlands Newmark LLC [Member]
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of member interest in Meadowlands Newmark LLC		$ (111,000)
Shuckers Inc [Member]
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of Shuckers	$ (717,000)

CONSOLIDATED CONDENSED STATEME8

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Parentheticals) shares in Thousands	9 Months Ended
	Jul. 02, 2016shares
Retirement of treasury shares	1,356

CONSOLIDATED CONDENSED FINANCIA

CONSOLIDATED CONDENSED FINANCIAL STATEMENTS	9 Months Ended
	Jul. 02, 2016
Consolidated Condensed Financial Statements [Abstract]
Consolidated Condensed Financial Statements [Text Block]	1. CONSOLIDATED CONDENSED FINANCIAL STATEMENTS The consolidated condensed balance sheet as of October 3, 2015, which has been derived from audited financial statements included in the Form 10-K, and the unaudited interim consolidated condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted. All adjustments that, in the opinion of management are necessary for a fair presentation for the periods presented, have been reflected as required by Regulation S-X, Rule 10-01. Such adjustments are of a normal, recurring nature. These consolidated condensed financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s annual report on Form 10-K for the year ended October 3, 2015. The results of operations for interim periods are not necessarily indicative of the operating results to be expected for the full year or any other interim period. The Company identified an immaterial error in previously issued financial statements related to an overstatement of a rent liability in the amount of $261,000 ($191,000 net of tax or $0.06 per basic and $0.05 per diluted share for the 13 and 39-weeks ended July 2, 2016). The Company reviewed this accounting error utilizing SEC Staff Accounting Bulletin No. 99, “Materiality” (“SAB 99”) and SEC Staff Accounting Bulletin No. 108, “Effects of Prior Year Misstatements on Current Year Financial Statements” (“SAB 108”) and determined the impact of the error to be immaterial to any prior period’s presentation. The accompanying consolidated condensed financial statements as of July 2, 2016 reflect the correction of the aforementioned immaterial error. PRINCIPLES OF CONSOLIDATION — The consolidated condensed interim financial statements include the accounts of Ark Restaurants Corp. and all of its wholly-owned subsidiaries, partnerships and other entities in which it has a controlling interest, collectively herein referred to as the “Company”. Also included in the consolidated condensed interim financial statements are certain variable interest entities (“VIEs”). All significant intercompany balances and transactions have been eliminated in consolidation. SEASONALITY — The Company has substantial fixed costs that do not decline proportionally with sales. The first and second fiscal quarters, which include the winter months, usually reflect lower customer traffic than in the third and fourth fiscal quarters. In addition, sales in the third and fourth fiscal quarters can be adversely affected by inclement weather due to the significant amount of outdoor seating at the Company’s restaurants. FAIR VALUE OF FINANCIAL INSTRUMENTS — The carrying amount of cash and cash equivalents, receivables, accounts payable and accrued expenses approximate fair value due to the immediate or short-term maturity of these financial instruments. The fair values of notes receivable and payable are determined using current applicable rates for similar instruments as of the consolidated condensed balance sheet date and approximate the carrying value of such debt instruments. CASH AND CASH EQUIVALENTS — Cash and cash equivalents include cash on hand, deposits with banks and highly liquid investments generally with original maturities of three months or less. Outstanding checks in excess of account balances, typically vendor payments, payroll and other contractual obligations disbursed after the last day of a reporting period are reported as a current liability in the accompanying consolidated condensed balance sheets. CONCENTRATIONS OF CREDIT RISK For the 13 and 39-week periods ended July 2, 2016 and June 27, 2015, the Company did not make purchases from any one vendor that accounted for 10% or greater of total purchases for the respective period. SEGMENT REPORTING — As of July 2, 2016, the Company owned and operated 21 restaurants and bars, 19 fast food concepts and catering operations, exclusively in the United States, that have similar economic characteristics, nature of products and service, class of customers and distribution methods. The Company believes it meets the criteria for aggregating its operating segments into a single reporting segment in accordance with applicable accounting guidance. RECENTLY ADOPTED ACCOUNTING STANDARDS — In April 2015, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2015-03, Simplifying the Presentation of Debt Issuance Costs In September 2015, the FASB issued ASU No. 2015-16, Simplifying the Accounting for Measurement-Period Adjustments. In November 2015, the FASB issued ASU No. 2015-17, Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes. NEW ACCOUNTING STANDARDS NOT YET ADOPTED — In May 2014, the FASB issued updated accounting guidance that provides a comprehensive new revenue recognition model that requires a company to recognize revenue to depict the transfer of goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. Additionally, this guidance expands related disclosure requirements. The pronouncement is effective for annual and interim reporting periods beginning after December 15, 2017. Early application is not permitted. This update permits the use of either the retrospective or cumulative effect transition method. The Company is evaluating the impact of the adoption of this guidance on its financial condition, results of operations or cash flows as well as the expected adoption method. In June 2014, the FASB issued guidance which clarifies the recognition of stock-based compensation over the required service period, if it is probable that the performance condition will be achieved. This guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2015 and should be applied prospectively. The adoption of this guidance is not expected to have a significant impact on the Company’s consolidated condensed financial condition or results of operations. In August 2014, the FASB issued guidance that requires management to evaluate, at each annual and interim reporting period, the company’s ability to continue as a going concern within one year of the date the financial statements are issued and provide related disclosures. This accounting guidance is effective for the Company on a prospective basis beginning in the first quarter of fiscal 2017 and is not expected to have a material effect on the Consolidated Condensed Financial Statements. In January 2015, the FASB issued guidance simplifying the income statement presentation by eliminating the concept of extraordinary items. Extraordinary items are events and transactions that are distinguished by their unusual nature and by the infrequency of their occurrence. Eliminating the extraordinary classification simplifies income statement presentation by altogether removing the concept of extraordinary items from consideration. The amendments are effective for annual reporting periods, including interim periods within those reporting periods, beginning after December 15, 2015. Early adoption is permitted provided that the guidance is applied from the beginning of the annual reporting period. The Company does not believe this guidance will have a material impact on its Consolidated Condensed Financial Statements. In February 2015, the FASB amended the consolidation standards for reporting entities that are required to evaluate whether they should consolidate certain legal entities. Under the new guidance, all legal entities are subject to reevaluation under the revised consolidation model. Specifically, the guidance (i) modifies the evaluation of whether limited partnerships and similar legal entities are variable interest entities (VIEs) or voting interest entities; (ii) eliminates the presumption that a general partner should consolidate a limited partnership; (iii) affects the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships; and (iv) provides a scope exception from consolidation guidance for reporting entities with interests in legal entities that are required to comply with or operate in accordance with requirements that are similar to those in Rule 2a-7 of the Investment Company Act for registered money market funds. The amendments are effective for annual reporting periods, beginning after December 15, 2015. Early adoption is permitted, including adoption in an interim period. The Company is currently evaluating the impact of this guidance on its Consolidated Condensed Financial Statements. In July 2015, the FASB issued ASU No. 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory In January 2016, FASB issued ASU No. 2016-01, Financial Instruments-Overall: Recognition and Measurement of Financial Assets and Financial Liabilities. In February 2016, the FASB issued ASU No. 2016-02, Leases In March 2016, the FASB issued ASU No. 2016-08, Revenue from Contracts with Customers – Principal versus Agent Considerations In March 2016, the FASB issued ASU No. 2016-09, Compensation – Stock Compensation – Improvements to Employee Share-Based Payment Accounting. In April 2016, the FASB issued ASU No. 2016-10, Revenue from Contracts with Customers – Identifying Performance Obligations and Licensing.

VARIABLE INTEREST ENTITIES

VARIABLE INTEREST ENTITIES	9 Months Ended
	Jul. 02, 2016
Variable Interest Entities [Abstract]
Variable Interest Entities [Text Block]	2. VARIABLE INTEREST ENTITIES The Company consolidates any variable interest entities in which it holds a variable interest and is the primary beneficiary. Generally, a variable interest entity, or VIE, is an entity with one or more of the following characteristics: (a) the total equity investment at risk is not sufficient to permit the entity to finance its activities without additional subordinated financial support; (b) as a group the holders of the equity investment at risk lack (i) the ability to make decisions about an entity’s activities through voting or similar rights, (ii) the obligation to absorb the expected losses of the entity, or (iii) the right to receive the expected residual returns of the entity; or (c) the equity investors have voting rights that are not proportional to their economic interests and substantially all of the entity’s activities either involve, or are conducted on behalf of, an investor that has disproportionately few voting rights. The primary beneficiary of a VIE is generally the entity that has (a) the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance, and (b) the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE. The Company has determined that it is the primary beneficiary of three VIEs and, accordingly, consolidates the financial results of these entities. Following are the required disclosures associated with the Company’s consolidated VIEs: July 2, October 3, (in thousands) Cash and cash equivalents $ 876 $ 604 Accounts receivable 432 303 Inventories 22 24 Prepaid expenses and other current assets 228 216 Due from Ark Restaurants Corp. and affiliates (1) 24 103 Fixed assets - net 26 40 Other assets 71 71 Total assets $ 1,679 $ 1,361 Accounts payable - trade $ 77 $ 81 Accrued expenses and other current liabilities 326 131 Operating lease deferred credit 75 81 Total liabilities 478 293 Equity of variable interest entities 1,201 1,068 Total liabilities and equity $ 1,679 $ 1,361 (1) Amounts Due from Ark Restaurants Corp. and affiliates are eliminated upon consolidation. The liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company’s general assets; rather, they represent claims against the specific assets of the consolidated VIEs. Conversely, assets recognized as a result of consolidating these VIEs do not represent additional assets that could be used to satisfy claims against the Company’s general assets.

RECENT RESTAURANT EXPANSION

RECENT RESTAURANT EXPANSION	9 Months Ended
	Jul. 02, 2016
Recent Restaurant Expansion [Abstract]
Recent Restaurant Expansion [Text Block]	3. RECENT RESTAURANT EXPANSION On October 22, 2015, the Company, through its wholly-owned subsidiaries, Ark Shuckers, LLC and Ark Shuckers Real Estate, LLC, acquired the assets of Shuckers Inc. Shuckers Inventory $ 67,000 Commercial condominium units 3,584,800 Residential condominium units 263,000 Furniture, fixtures and equipment 240,000 Trademarks 390,000 Customer list 90,000 Goodwill 1,082,200 $ 5,717,000 The above purchase price allocation resulted in an increase (decrease) related to the trademarks, customer list and goodwill of $240,000, $(110,000) and $(130,000), respectively, from the preliminary allocation. The resulting changes to customer list amortization were not material to any period presented. The Consolidated Condensed Statements of Income for the 13 and 39-weeks ended July 2, 2016 include revenues and earnings of approximately $1,286,000 and $116,000 and $3,867,000 and $657,000, respectively, related to Shuckers Shuckers Shuckers 13 Weeks Ended 39 Weeks Ended July 2, June 27, July 2, June 27, Total revenues $ 41,233 $ 41,776 $ 111,856 $ 109,507 Net income $ 3,367 $ 3,396 $ 3,064 $ 4,293 Net income per share - basic $ 0.99 $ 1.00 $ 0.90 $ 1.27 Net income per share - diluted $ 0.96 $ 0.97 $ 0.87 $ 1.23 On July 18, 2014, the Company, through a wholly-owned subsidiary, Ark Jupiter RI, LLC, entered into an agreement with Crab House, Inc., and acquired certain assets and the related lease for a restaurant and bar located in Jupiter, Florida for approximately $250,000. In connection with this transaction, the Company entered into an amended lease for an initial period expiring through December 31, 2015. In June 2015, the Company exercised its option to extend the lease through December 31, 2023. The Company has additional options to extend the lease through 2033. Renovations to the property totaled approximately $750,000. The restaurant opened as The Rustic Inn On March 27, 2015, the Company, through a wholly-owned subsidiary, entered into an agreement to operate a kiosk in Bryant Park, NY for the sale of food and beverages for an initial period expiring through March 31, 2020 with an option to extend the agreement for five additional years. Renovations totaled approximately $400,000 and the property opened in July 2015. On July 24, 2015, the Company, through a wholly-owned subsidiary, paid $544,000 (including a $144,000 security deposit) to assume the lease for an event space located in New York, NY. The assumed lease expires through March 31, 2026 with an option to extend the agreement for five additional years and provides for annual rent in the amount of approximately $300,000.

RECENT RESTAURANT DISPOSITIONS

RECENT RESTAURANT DISPOSITIONS	9 Months Ended
	Jul. 02, 2016
Recent Restaurant Dispositions [Abstract]
Recent Restaurant Dispositions [Text Block]	4. RECENT RESTAURANT DISPOSITIONS Lease Expirations Towers Deli On November 30, 2014, the Company’s lease at the Shake & Burger On November 30, 2015, the Company’s lease at the V-Bar The Company was advised by the landlord that it would have to vacate the Center Café

INVESTMENT IN NEW MEADOWLANDS R

INVESTMENT IN NEW MEADOWLANDS RACETRACK	9 Months Ended
	Jul. 02, 2016
Disclosure Text Block Supplement [Abstract]
Cost and Equity Method Investments Disclosure [Text Block]	5. INVESTMENT IN NEW MEADOWLANDS RACETRACK On March 12, 2013, the Company made a $4,200,000 investment in the New Meadowlands Racetrack LLC (“NMR”) through its purchase of a membership interest in Meadowlands Newmark, LLC, an existing member of NMR. On November 19, 2013, the Company invested an additional $464,000 in NMR through a purchase of an additional membership interest in Meadowlands Newmark, LLC resulting in a total ownership of 11.6% of Meadowlands Newmark, LLC, subject to dilution. In 2015, the Company invested an additional $222,000, as a result of capital calls, bringing its total investment to $4,886,000 with no change in ownership. In addition to the Company’s ownership interest in NMR through Meadowlands Newmark, LLC, if casino gaming is approved at the Meadowlands and NMR is granted the right to conduct said gaming, neither of which can be assured, the Company shall be granted the exclusive right to operate the food and beverage concessions in the gaming facility with the exception of one restaurant. This investment has been accounted for based on the cost method. The Company periodically reviews its investments for impairment. If the Company determines that an other-than-temporary impairment has occurred, it will write-down the investment to its fair value. No indication of impairment was noted as of July 2, 2016. In conjunction with this investment, the Company, through a 97% owned subsidiary, Ark Meadowlands LLC (“AM VIE”), also entered into a long-term agreement with NMR for the exclusive right to operate food and beverage concessions serving the new raceway facilities (the “Racing F&B Concessions”) located in the new raceway grandstand constructed at the Meadowlands Racetrack in northern New Jersey. Under the agreement, NMR is responsible to pay for the costs and expenses incurred in the operation of the Racing F&B Concessions, and all revenues and profits thereof inure to the benefit of NMR. AM VIE receives an annual fee equal to 5% of the net profits received by NMR from the Racing F&B Concessions during each calendar year. At July 2, 2016, it was determined that AM VIE is a variable interest entity. However, based on qualitative consideration of the contracts with AM VIE, the operating structure of AM VIE, the Company’s role with AM VIE, and that the Company is not obligated to absorb any expected losses of AM VIE, the Company has concluded that it is not the primary beneficiary and not required to consolidate the operations of AM VIE. The Company’s maximum exposure to loss as a result of its involvement with AM VIE is limited to a receivable from AM VIE’s primary beneficiary (NMR, a related party) which aggregated approximately $161,000 and $272,000 at July 2, 2016 and October 3, 2015, respectively, and are included in Prepaid Expenses and Other Current Assets in the Consolidated Condensed Balance Sheets. On April 25, 2014, the Company loaned $1,500,000 to Meadowlands Newmark, LLC. The note bears interest at 3%, compounded monthly and added to the principal, and is due in its entirety on January 31, 2024. The note may be prepaid, in whole or in part, at any time without penalty or premium. The principal and accrued interest related to this note totaled $1,602,609 and $1,566,997 at July 2, 2016 and October 3, 2015, respectively.

ACCRUED EXPENSES AND OTHER CURR

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES	9 Months Ended
	Jul. 02, 2016
Disclosure Text Block Supplement [Abstract]
Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]	6. ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES Accrued expenses and other current liabilities consist of the following: July 2, October 3, (In thousands) Sales tax payable $ 1,344 $ 992 Accrued wages and payroll related costs 2,167 1,832 Customer advance deposits 3,545 3,967 Accrued occupancy and other operating expenses 3,091 3,541 $ 10,147 $ 10,332

NOTES PAYABLE - BANK

NOTES PAYABLE - BANK	9 Months Ended
	Jul. 02, 2016
Notes Payable [Abstract]
Notes Payable [Text Block]	7. NOTES PAYABLE - BANK On February 25, 2013, the Company issued a promissory note to Bank Hapoalim B.M. (the “BHBM”) for $3,000,000. The note bore interest at LIBOR plus 3.5% per annum, and was payable in 36 equal monthly installments of $83,333, commencing on March 25, 2013. On February 24, 2014, in connection with the acquisition of The Rustic Inn On October 22, 2015, in connection with the acquisition of Shuckers On October 22, 2015, in connection with the Shuckers Deferred financing costs incurred in connection with the Revolving Facility in the amount of $130,585 are being amortized over the life of the agreements on a straight line basis. Amortization expense of $11,395 and $31,680 for the 13 and 39-weeks ended July 2, 2016 is included in interest expense. Borrowings under the Revolving Facility, which include both of the above promissory notes, are secured by all tangible and intangible personal property (including accounts receivable, inventory, equipment, general intangibles, documents, chattel paper, instruments, letter-of-credit rights, investment property, intellectual property and deposit accounts) and fixtures of the Company. The loan agreements provide, among other things, that the Company meet minimum quarterly tangible net worth amounts, as defined, maintain a fixed charge coverage ratio of not less than 1.1:1 and minimum annual net income amounts, and contain customary representations, warranties and affirmative covenants. The agreements also contain customary negative covenants, subject to negotiated exceptions, on liens, relating to other indebtedness, capital expenditures, liens, affiliate transactions, disposal of assets and certain changes in ownership. The Company was in compliance with all debt covenants as of July 2, 2016.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Jul. 02, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	8. COMMITMENTS AND CONTINGENCIES Leases On January 12, 2016, the Company entered into an Amended and Restated Lease for its Sequoia Legal Proceedings

STOCK OPTIONS

STOCK OPTIONS	9 Months Ended
	Jul. 02, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	9. STOCK OPTIONS The Company has options outstanding under two stock option plans, the 2004 Stock Option Plan (the “2004 Plan”) and the 2010 Stock Option Plan (the “2010 Plan”), which was approved by shareholders in the second quarter of 2010. Effective with this approval, the Company terminated the 2004 Plan. This action terminated the 400 authorized but unissued options under the 2004 Plan, but it did not affect any of the options previously issued under the 2004 Plan. Options granted under the 2004 Plan are exercisable at prices at least equal to the fair market value of such stock on the dates the options were granted. The options expire ten years after the date of grant. Under the 2010 Plan, 500,000 options were authorized for future grant. Options granted under the 2010 Plan are exercisable at prices at least equal to the fair market value of such stock on the dates the options were granted. The options expire ten years after the date of grant. On April 5, 2016, the shareholders of the Company approved the 2016 Stock Option Plan and the Section 162(m) Cash Bonus Plan. Under the 2016 Stock Option Plan, 500,000 options were authorized for future grant and are exercisable at prices at least equal to the fair market value of such stock on the dates the options were granted. The options expire ten years after the date of grant. Under the Section 162(m) Cash Bonus Plan, compensation paid in excess of $1,000,000 to any employee who is the chief executive officer, or one of the three highest paid executive officers on the last day of that tax year (other than the chief executive officer or the chief financial officer) will meet certain “performance-based” requirements of Section 162(m) and the related IRS regulations in order for it to be tax deductible. No options were granted during the 39-week period ended July 2, 2016. A summary of stock option activity is presented below: 2016 Shares Weighted Weighted Aggregate Outstanding, beginning of period 523,800 $ 20.29 6.1 Years Options: Granted — Exercised (100 ) $ 14.40 Canceled or expired — Outstanding and expected to vest, end of period 523,700 $ 20.29 5.4 Years $ 2,163,214 Exercisable, end of period 422,200 $ 19.76 4.8 Years $ 2,130,734 Compensation cost charged to operations for the 13-week periods ended July 2, 2016 and June 27, 2015 was $79,000 and $105,000, respectively and for the 39-week periods ended July 2, 2016 and June 27, 2015 was $286,000 and $313,000, respectively. The compensation cost recognized is classified as a general and administrative expense in the Consolidated Condensed Statements of Income. As of July 2, 2016, there was no unrecognized compensation cost related to unvested stock options.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Jul. 02, 2016
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	10. INCOME TAXES The Company’s provision for income taxes consists of Federal, state and local taxes in amounts necessary to align the Company’s year-to-date provision for income taxes with the effective tax rate that the Company expects to achieve for the full year. Each quarter, the Company updates its estimate of the annual effective tax rate and records cumulative adjustments as deemed necessary. The income tax provision for the 39-week periods ended July 2, 2016 and June 27, 2015 reflects effective tax rates of approximately 25% and 23%, respectively. The Company expects its effective tax rate for its current fiscal year to be significantly lower than the statutory rate as a result of the generation of FICA tax credits and operating income attributable to the non-controlling interests of the VIEs that is not taxable to the Company. The final annual tax rate cannot be determined until the end of the fiscal year; therefore, the actual tax rate could differ from current estimates. The Company’s overall effective tax rate in the future will be affected by factors such as the utilization of state and local net operating loss carryforwards, the generation of FICA tax credits and the mix of earnings by state taxing jurisdiction as Nevada does not impose a state income tax, as compared to the other major state and local jurisdictions in which the Company has operations.

INCOME PER SHARE OF COMMON STOC

INCOME PER SHARE OF COMMON STOCK	9 Months Ended
	Jul. 02, 2016
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	11. INCOME PER SHARE OF COMMON STOCK Net income per share is calculated on the basis of the weighted average number of common shares outstanding during each period plus, for diluted net income per share, the additional dilutive effect of potential common stock. Potential common stock using the treasury stock method consists of dilutive stock options. For the 13 and 39-week periods ended July 2, 2016, options to purchase 66,000 shares of common stock at an exercise price of $12.04 per share and options to purchase 164,700 shares of common stock at an exercise price of $14.40 per share were included in diluted earnings per share. Options to purchase 203,000 shares of common stock at an exercise price of $22.50 per share and options to purchase 90,000 shares of common stock at an exercise price of $32.15 were not included in diluted earnings per share as their impact would be anti-dilutive. For the 13 and 39-week periods ended June 27, 2015, options to purchase 74,000 shares of common stock at an exercise price of $12.04 per share, options to purchase 169,800 shares of common stock at an exercise price of $14.40 per share and options to purchase 205,500 shares of common stock at an exercise price of $22.50 per share were included in diluted earnings per share. Options to purchase 90,000 shares of common stock at an exercise price of $32.15 were not included in diluted earnings per share as their impact would be anti-dilutive.

DIVIDENDS

DIVIDENDS	9 Months Ended
	Jul. 02, 2016
Dividends [Abstract]
Dividends [Text Block]	12. DIVIDENDS On June 2, 2016, the Board of Directors declared a quarterly dividend of $0.25 per share on the Company’s common stock to be paid on July 1, 2016 to shareholders of record at the close of business on June 16, 2016. The Company intends to continue to pay such quarterly cash dividends for the foreseeable future, however, the payment of future dividends is at the discretion of the Company’s Board of Directors and is based on future earnings, cash flow, financial condition, capital requirements, changes in U.S. taxation and other relevant factors.

SUBSEQUENT EVENT

SUBSEQUENT EVENT	9 Months Ended
	Jul. 02, 2016
Subsequent Events [Abstract]
Subsequent Events [Text Block]	13. SUBSEQUENT EVENTS On July 5, 2016, the Board of Directors authorized a share repurchase program authorizing management to purchase up to 500,000 shares of the Company’s common stock during the next twelve months. Any repurchase under the program will be effected in compliance with Rule 10b-18 “Purchases of Certain Equity Securities by the Issuer and Others”, funded using the Company’s working capital and be based on management’s evaluation of market conditions and other factors. On July 13, 2016, the Company made an additional loan to Meadowlands Newmark LLC in the amount of $200,000. Such amount is subject to the same terms and conditions as the original loan as discussed in Note 5. Two subsidiaries of the Company (“the Ark Subsidiaries”), which operate food courts on Federally protected Indian land, have been involved in litigation with the state in which they operate, whereby the state has attempted to collect commercial rent tax from the Ark Subsidiaries. The Company had continued to accrue such taxes as the litigation has worked its way through the courts. During July 2016, the state agreed to the entry of consent judgments in favor of the Ark Subsidiaries holding that the state is constitutionally prohibited from taxing rentals of Indian land. In connection with this agreement, the Company has reversed the accrual of these liabilities in the amount of $945,205 as of July 2, 2016. Such reversal is included in the Consolidated Condensed Statements of Income for the 13 and 39-weeks ended July 2, 2016 as a reduction of Occupancy Expenses with corresponding adjustments to Net Income Attributable to Non-controlling Interests and Tax Expense in the amounts of $336,622 and $158,840, respectively.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	9 Months Ended
	Jul. 02, 2016
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	PRINCIPLES OF CONSOLIDATION — The consolidated condensed interim financial statements include the accounts of Ark Restaurants Corp. and all of its wholly-owned subsidiaries, partnerships and other entities in which it has a controlling interest, collectively herein referred to as the “Company”. Also included in the consolidated condensed interim financial statements are certain variable interest entities (“VIEs”). All significant intercompany balances and transactions have been eliminated in consolidation.
Seasonality [Policy Text Block]	SEASONALITY — The Company has substantial fixed costs that do not decline proportionally with sales. The first and second fiscal quarters, which include the winter months, usually reflect lower customer traffic than in the third and fourth fiscal quarters. In addition, sales in the third and fourth fiscal quarters can be adversely affected by inclement weather due to the significant amount of outdoor seating at the Company’s restaurants.
Fair Value of Financial Instruments, Policy [Policy Text Block]	FAIR VALUE OF FINANCIAL INSTRUMENTS — The carrying amount of cash and cash equivalents, receivables, accounts payable and accrued expenses approximate fair value due to the immediate or short-term maturity of these financial instruments. The fair values of notes receivable and payable are determined using current applicable rates for similar instruments as of the consolidated condensed balance sheet date and approximate the carrying value of such debt instruments.
Cash and Cash Equivalents, Policy [Policy Text Block]	CASH AND CASH EQUIVALENTS — Cash and cash equivalents include cash on hand, deposits with banks and highly liquid investments generally with original maturities of three months or less. Outstanding checks in excess of account balances, typically vendor payments, payroll and other contractual obligations disbursed after the last day of a reporting period are reported as a current liability in the accompanying consolidated condensed balance sheets.
Supplier Concentration [Policy Text Block]	CONCENTRATIONS OF CREDIT RISK For the 13 and 39-week periods ended July 2, 2016 and June 27, 2015, the Company did not make purchases from any one vendor that accounted for 10% or greater of total purchases for the respective period.
Segment Reporting, Policy [Policy Text Block]	SEGMENT REPORTING — As of July 2, 2016, the Company owned and operated 21 restaurants and bars, 19 fast food concepts and catering operations, exclusively in the United States, that have similar economic characteristics, nature of products and service, class of customers and distribution methods. The Company believes it meets the criteria for aggregating its operating segments into a single reporting segment in accordance with applicable accounting guidance.
Recently Adopted Accounting Standards [Policy Text Block]	RECENTLY ADOPTED ACCOUNTING STANDARDS — In April 2015, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2015-03, Simplifying the Presentation of Debt Issuance Costs In September 2015, the FASB issued ASU No. 2015-16, Simplifying the Accounting for Measurement-Period Adjustments. In November 2015, the FASB issued ASU No. 2015-17, Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes.
New Accounting Pronouncements, Policy [Policy Text Block]	NEW ACCOUNTING STANDARDS NOT YET ADOPTED — In May 2014, the FASB issued updated accounting guidance that provides a comprehensive new revenue recognition model that requires a company to recognize revenue to depict the transfer of goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. Additionally, this guidance expands related disclosure requirements. The pronouncement is effective for annual and interim reporting periods beginning after December 15, 2017. Early application is not permitted. This update permits the use of either the retrospective or cumulative effect transition method. The Company is evaluating the impact of the adoption of this guidance on its financial condition, results of operations or cash flows as well as the expected adoption method. In June 2014, the FASB issued guidance which clarifies the recognition of stock-based compensation over the required service period, if it is probable that the performance condition will be achieved. This guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2015 and should be applied prospectively. The adoption of this guidance is not expected to have a significant impact on the Company’s consolidated condensed financial condition or results of operations. In August 2014, the FASB issued guidance that requires management to evaluate, at each annual and interim reporting period, the company’s ability to continue as a going concern within one year of the date the financial statements are issued and provide related disclosures. This accounting guidance is effective for the Company on a prospective basis beginning in the first quarter of fiscal 2017 and is not expected to have a material effect on the Consolidated Condensed Financial Statements. In January 2015, the FASB issued guidance simplifying the income statement presentation by eliminating the concept of extraordinary items. Extraordinary items are events and transactions that are distinguished by their unusual nature and by the infrequency of their occurrence. Eliminating the extraordinary classification simplifies income statement presentation by altogether removing the concept of extraordinary items from consideration. The amendments are effective for annual reporting periods, including interim periods within those reporting periods, beginning after December 15, 2015. Early adoption is permitted provided that the guidance is applied from the beginning of the annual reporting period. The Company does not believe this guidance will have a material impact on its Consolidated Condensed Financial Statements. In February 2015, the FASB amended the consolidation standards for reporting entities that are required to evaluate whether they should consolidate certain legal entities. Under the new guidance, all legal entities are subject to reevaluation under the revised consolidation model. Specifically, the guidance (i) modifies the evaluation of whether limited partnerships and similar legal entities are variable interest entities (VIEs) or voting interest entities; (ii) eliminates the presumption that a general partner should consolidate a limited partnership; (iii) affects the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships; and (iv) provides a scope exception from consolidation guidance for reporting entities with interests in legal entities that are required to comply with or operate in accordance with requirements that are similar to those in Rule 2a-7 of the Investment Company Act for registered money market funds. The amendments are effective for annual reporting periods, beginning after December 15, 2015. Early adoption is permitted, including adoption in an interim period. The Company is currently evaluating the impact of this guidance on its Consolidated Condensed Financial Statements. In July 2015, the FASB issued ASU No. 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory In January 2016, FASB issued ASU No. 2016-01, Financial Instruments-Overall: Recognition and Measurement of Financial Assets and Financial Liabilities. In February 2016, the FASB issued ASU No. 2016-02, Leases In March 2016, the FASB issued ASU No. 2016-08, Revenue from Contracts with Customers – Principal versus Agent Considerations In March 2016, the FASB issued ASU No. 2016-09, Compensation – Stock Compensation – Improvements to Employee Share-Based Payment Accounting. In April 2016, the FASB issued ASU No. 2016-10, Revenue from Contracts with Customers – Identifying Performance Obligations and Licensing.

VARIABLE INTEREST ENTITIES (Tab

VARIABLE INTEREST ENTITIES (Tables)	9 Months Ended
	Jul. 02, 2016
Variable Interest Entities [Abstract]
Schedule of Variable Interest Entities [Table Text Block]	Following are the required disclosures associated with the Company’s consolidated VIEs: July 2, October 3, (in thousands) Cash and cash equivalents $ 876 $ 604 Accounts receivable 432 303 Inventories 22 24 Prepaid expenses and other current assets 228 216 Due from Ark Restaurants Corp. and affiliates (1) 24 103 Fixed assets - net 26 40 Other assets 71 71 Total assets $ 1,679 $ 1,361 Accounts payable - trade $ 77 $ 81 Accrued expenses and other current liabilities 326 131 Operating lease deferred credit 75 81 Total liabilities 478 293 Equity of variable interest entities 1,201 1,068 Total liabilities and equity $ 1,679 $ 1,361 (1) Amounts Due from Ark Restaurants Corp. and affiliates are eliminated upon consolidation.

RECENT RESTAURANT EXPANSION (Ta

RECENT RESTAURANT EXPANSION (Tables)	9 Months Ended
	Jul. 02, 2016
Recent Restaurant Expansion [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	The fair values of the assets acquired were allocated as follows: Inventory $ 67,000 Commercial condominium units 3,584,800 Residential condominium units 263,000 Furniture, fixtures and equipment 240,000 Trademarks 390,000 Customer list 90,000 Goodwill 1,082,200 $ 5,717,000
Schedule of Annual Financial Information [Table Text Block]	The unaudited pro forma financial information set forth below is based upon the Company’s historical Consolidated Condensed Statements of Income for the 13 and 39-weeks ended July 2, 2016 and June 27, 2015 13 Weeks Ended 39 Weeks Ended July 2, June 27, July 2, June 27, Total revenues $ 41,233 $ 41,776 $ 111,856 $ 109,507 Net income $ 3,367 $ 3,396 $ 3,064 $ 4,293 Net income per share - basic $ 0.99 $ 1.00 $ 0.90 $ 1.27 Net income per share - diluted $ 0.96 $ 0.97 $ 0.87 $ 1.23

ACCRUED EXPENSES AND OTHER CU25

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)	9 Months Ended
	Jul. 02, 2016
Disclosure Text Block Supplement [Abstract]
Schedule of Accrued Expenses And Other Current Liabilities [Table Text Block]	Accrued expenses and other current liabilities consist of the following: July 2, October 3, (In thousands) Sales tax payable $ 1,344 $ 992 Accrued wages and payroll related costs 2,167 1,832 Customer advance deposits 3,545 3,967 Accrued occupancy and other operating expenses 3,091 3,541 $ 10,147 $ 10,332

STOCK OPTIONS (Tables)

STOCK OPTIONS (Tables)	9 Months Ended
	Jul. 02, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	A summary of stock option activity is presented below: 2016 Shares Weighted Weighted Aggregate Outstanding, beginning of period 523,800 $ 20.29 6.1 Years Options: Granted — Exercised (100 ) $ 14.40 Canceled or expired — Outstanding and expected to vest, end of period 523,700 $ 20.29 5.4 Years $ 2,163,214 Exercisable, end of period 422,200 $ 19.76 4.8 Years $ 2,130,734

CONSOLIDATED CONDENSED FINANC27

CONSOLIDATED CONDENSED FINANCIAL STATEMENTS (Details)	3 Months Ended		9 Months Ended
	Jul. 02, 2016USD ($)$ / shares	Jun. 27, 2015	Jul. 02, 2016USD ($)$ / shares	Jun. 27, 2015
CONSOLIDATED CONDENSED FINANCIAL STATEMENTS (Details) [Line Items]
Accrued Rent, Current (in Dollars) | $	$ 261,000		$ 261,000
Accrued Rent Current Net of Tax (in Dollars) | $	$ 191,000		$ 191,000
Accrued Rent Current Basic Per Share Amount (in Dollars per share) | $ / shares	$ 0.06		$ 0.06
Accrued Rent Current Diluted Per Share Amount (in Dollars per share) | $ / shares	$ 0.05		$ 0.05
Number of Significant Vendors	1	1	1	1
Restaurants and Bars [Member]
CONSOLIDATED CONDENSED FINANCIAL STATEMENTS (Details) [Line Items]
Number of Operating Segments			21
Fast Food Concepts and Catering Operations [Member]
CONSOLIDATED CONDENSED FINANCIAL STATEMENTS (Details) [Line Items]
Number of Operating Segments			19
Supplier Concentration Risk [Member]
CONSOLIDATED CONDENSED FINANCIAL STATEMENTS (Details) [Line Items]
Supplier Concentration Risk Description	the Company did not make purchases from any one vendor that accounted for 10% or greater of total purchases	the Company did not make purchases from any one vendor that accounted for 10% or greater of total purchases	the Company did not make purchases from any one vendor that accounted for 10% or greater of total purchases	the Company did not make purchases from any one vendor that accounted for 10% or greater of total purchases
Concentration Risk, Percentage	10.00%	10.00%	10.00%	10.00%

VARIABLE INTEREST ENTITIES (Det

VARIABLE INTEREST ENTITIES (Details)	Jul. 02, 2016
Variable Interest Entities [Abstract]
Number of VIEs with Primary Benefits	3

VARIABLE INTEREST ENTITIES (D29

VARIABLE INTEREST ENTITIES (Details) - Schedule of variable interest entities - USD ($) $ in Thousands		Jul. 02, 2016	Oct. 03, 2015
Schedule of variable interest entities [Abstract]
Cash and cash equivalents		$ 876	$ 604
Accounts receivable		432	303
Inventories		22	24
Prepaid expenses and other current assets		228	216
Due from Ark Restaurants Corp. and affiliates (1)	[1]	24	103
Fixed assets - net		26	40
Other assets		71	71
Total assets		1,679	1,361
Accounts payable - trade		77	81
Accrued expenses and other current liabilities		326	131
Operating lease deferred credit		75	81
Total liabilities		478	293
Equity of variable interest entities		1,201	1,068
Total liabilities and equity		$ 1,679	$ 1,361
[1]	Amounts Due from Ark Restaurants Corp. and affiliates are eliminated upon consolidation.

RECENT RESTAURANT EXPANSION (De

RECENT RESTAURANT EXPANSION (Details)	1 Months Ended		3 Months Ended		9 Months Ended
	Oct. 31, 2015USD ($)	Jul. 24, 2015USD ($)	Jul. 02, 2016USD ($)	Jun. 27, 2015USD ($)	Jul. 02, 2016USD ($)	Jun. 27, 2015USD ($)	Oct. 22, 2015
RECENT RESTAURANT EXPANSION (Details) [Line Items]
Increase (decrese) related to trademarks			$ 240,000		$ 240,000
Increase (decrease) related to customer list			(110,000)		(110,000)
Increase (decrease) related to goodwill			(130,000)		(130,000)
Net Income (Loss) Attributable to Parent			3,367,000	$ 3,241,000	3,043,000	$ 3,381,000
Payments to Acquire Property, Plant, and Equipment					$ 1,482,000	$ 2,622,000
Lease Expiration Date		Mar. 31, 2026			Nov. 30, 2032
Lease Expiration Year					2,032
Number of Additional Extended Years		5
Payment for Lease		$ 544,000
Security Deposit		144,000
Payments for Rent		$ 300,000
Shuckers Inc [Member]
RECENT RESTAURANT EXPANSION (Details) [Line Items]
Number of Condominium Unit							6
Number of Condominium Unit of Restaurant and Bar Operations							4
Business Combination, Consideration Transferred	$ 5,717,000
Bank Loan Related to Acquisition	$ 5,000,000
Sales Revenue, Services, Net			1,286,000		$ 3,867,000
Net Income (Loss) Attributable to Parent			116,000		657,000
Crab House [Member]
RECENT RESTAURANT EXPANSION (Details) [Line Items]
Payments to Acquire Property, Plant, and Equipment					$ 250,000
Lease Expiration Date					Dec. 31, 2015
Extension of Lease Expiration Date					Dec. 31, 2023
Lease Expiration Year					2,033
Investment Owned, at Cost			750,000		$ 750,000
Bryant Park NY [Member]
RECENT RESTAURANT EXPANSION (Details) [Line Items]
Lease Expiration Date					Mar. 31, 2020
Investment Owned, at Cost			$ 400,000		$ 400,000
Number of Additional Extended Years					5

RECENT RESTAURANT EXPANSION (31

RECENT RESTAURANT EXPANSION (Details) - Schedule of fair value assets acquired - USD ($)	Jul. 02, 2016	Oct. 03, 2015
RECENT RESTAURANT EXPANSION (Details) - Schedule of fair value assets acquired [Line Items]
Goodwill	$ 7,895,000	$ 6,813,000
Shuckers Inc [Member]
RECENT RESTAURANT EXPANSION (Details) - Schedule of fair value assets acquired [Line Items]
Inventory	67,000
Furniture, fixtures and equipment	240,000
Trademarks	390,000
Customer list	90,000
Goodwill	1,082,200
	5,717,000
Commercial Real Estate [Member] | Shuckers Inc [Member]
RECENT RESTAURANT EXPANSION (Details) - Schedule of fair value assets acquired [Line Items]
Condominium units	3,584,800
Residential Real Estate [Member] | Shuckers Inc [Member]
RECENT RESTAURANT EXPANSION (Details) - Schedule of fair value assets acquired [Line Items]
Condominium units	$ 263,000

RECENT RESTAURANT EXPANSION (32

RECENT RESTAURANT EXPANSION (Details) - Schedule of unaudited pro forma financial information - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 02, 2016	Jun. 27, 2015	Jul. 02, 2016	Jun. 27, 2015
Schedule of unaudited pro forma financial information [Abstract]
Total revenues	$ 41,233	$ 41,776	$ 111,856	$ 109,507
Net income	$ 3,367	$ 3,396	$ 3,064	$ 4,293
Net income per share - basic	$ 0.99	$ 1	$ 0.90	$ 1.27
Net income per share - diluted	$ 0.96	$ 0.97	$ 0.87	$ 1.23

INVESTMENT IN NEW MEADOWLANDS33

INVESTMENT IN NEW MEADOWLANDS RACETRACK (Details) - USD ($)	9 Months Ended		12 Months Ended
	Jul. 02, 2016	Jun. 27, 2015	Oct. 03, 2015	Sep. 27, 2014	Sep. 28, 2013	Apr. 25, 2014
INVESTMENT IN NEW MEADOWLANDS RACETRACK (Details) [Line Items]
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	$ 6,489,000		$ 6,453,000
Meadowlands Newmark LLC [Member]
INVESTMENT IN NEW MEADOWLANDS RACETRACK (Details) [Line Items]
Payments to Acquire Businesses and Interest in Affiliates		$ 111,000			$ 4,200,000
Payments to Acquire Additional Interest in Subsidiaries			222,000	$ 464,000
Cost Method Investments Ownership Percentage				11.60%
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures			4,886,000
Loans And Advances to Related Party						$ 1,500,000
Interest Rate on Loan	3.00%
Loan Maturity Date	Jan. 31, 2024
Principal and Accrued Interest Included in Other Assets	$ 1,602,609		1,566,997
Ark Meadowlands LLC [Member]
INVESTMENT IN NEW MEADOWLANDS RACETRACK (Details) [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent	97.00%
Profit Participation Percentage	5.00%
Maximum Loss Relating to V I E Included In Other Current Assets	$ 161,000		$ 272,000

ACCRUED EXPENSES AND OTHER CU34

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Details) - Schedule of accrued expenses and other current liabilities - USD ($) $ in Thousands	Jul. 02, 2016	Oct. 03, 2015
Schedule of accrued expenses and other current liabilities [Abstract]
Sales tax payable	$ 1,344	$ 992
Accrued wages and payroll related costs	2,167	1,832
Customer advance deposits	3,545	3,967
Accrued occupancy and other operating expenses	3,091	3,541
	$ 10,147	$ 10,332

NOTES PAYABLE - BANK (Details)

NOTES PAYABLE - BANK (Details)	3 Months Ended	9 Months Ended
	Jul. 02, 2016USD ($)	Jul. 02, 2016USD ($)
NOTES PAYABLE - BANK (Details) [Line Items]
Debt Instrument, Face Amount	$ 3,000,000	$ 3,000,000
Debt Instrument, Interest Rate Terms		LIBOR plus 3.5% perannum
Debt Instrument, Basis Spread on Variable Rate		3.50%
Number of Installments		36
Debt Instrument, Periodic Payment		$ 83,333
Debt Instrument, Date of First Required Payment		Mar. 25, 2013
Note Payable to Bank Balance Outstanding	4,311,000	$ 4,311,000
The Rustic Inn [Member]
NOTES PAYABLE - BANK (Details) [Line Items]
Number of Installments		60
Debt Instrument, Periodic Payment		$ 134,722
Debt Instrument, Date of First Required Payment		Mar. 25, 2014
Bank Loan Related to Acquisition		$ 6,000,000
Shuckers Inc [Member]
NOTES PAYABLE - BANK (Details) [Line Items]
Debt Instrument, Face Amount	5,000,000	$ 5,000,000
Debt Instrument, Interest Rate Terms		LIBORplus 3.5% per annum
Debt Instrument, Basis Spread on Variable Rate		3.50%
Number of Installments		60
Debt Instrument, Periodic Payment		$ 83,333
Debt Instrument, Date of First Required Payment		Nov. 22, 2015
Note Payable to Bank Balance Outstanding	4,333,000	$ 4,333,000
Minimum [Member]
NOTES PAYABLE - BANK (Details) [Line Items]
Fixed Charge Coverage Ratio		1.10%
Revolving Credit Facility [Member] | Shuckers Inc [Member]
NOTES PAYABLE - BANK (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate		3.50%
Line of Credit Facility, Expiration Date		Oct. 21, 2017
Line of Credit Facility, Current Borrowing Capacity	10,000,000	$ 10,000,000
Line of Credit Facility, Maximum Borrowing Capacity	20,000,000	$ 20,000,000
Number of Years for Loans Payable		5
Line of Credit Facility, Fair Value of Amount Outstanding	0	$ 0
Amortization of Other Deferred Charges		130,585
Amortization	$ 11,395	$ 31,680

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - USD ($)	1 Months Ended	9 Months Ended
	Jul. 24, 2015	Jul. 02, 2016
COMMITMENTS AND CONTINGENCIES (Details) [Line Items]
Lease Expiration Year		2,032
Lessee Leasing Arrangements, Operating Leases, Renewal Term		15 years
Lease Expiration Date	Mar. 31, 2026	Nov. 30, 2032
Operating Leases, Future Minimum Payments Due		$ 1,200,000
Additional Lease Extension Option [Member]
COMMITMENTS AND CONTINGENCIES (Details) [Line Items]
Lessee Leasing Arrangements, Operating Leases, Renewal Term		5 years
Minimum [Member] | Leasehold Improvements [Member]
COMMITMENTS AND CONTINGENCIES (Details) [Line Items]
Construction and Development Costs		$ 4,000,000
Maximum [Member] | Leasehold Improvements [Member]
COMMITMENTS AND CONTINGENCIES (Details) [Line Items]
Construction and Development Costs		$ 5,000,000

STOCK OPTIONS (Details)

STOCK OPTIONS (Details)	3 Months Ended		9 Months Ended
	Jul. 02, 2016USD ($)shares	Jun. 27, 2015USD ($)	Jul. 02, 2016USD ($)shares	Jun. 27, 2015USD ($)
STOCK OPTIONS (Details) [Line Items]
Number of Stock Option Plans			2
Maximum Amount of Compensation Paid Under Cash Bonus Plan | $			$ 1,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in Shares)			0
Share-based Compensation | $	$ 79,000	$ 105,000	$ 286,000	$ 313,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options | $	$ 0		$ 0
Stock Option 2004 Plan [Member]
STOCK OPTIONS (Details) [Line Items]
Terminated Unissued Options (in Shares)			400
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period			10 years
Stock Option 2010 Plan [Member]
STOCK OPTIONS (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period			10 years
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in Shares)	500,000		500,000
Stock Option 2016 Plan [Member]
STOCK OPTIONS (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period			10 years
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in Shares)	500,000		500,000

STOCK OPTIONS (Details) - Sched

STOCK OPTIONS (Details) - Schedule of stock options, activity - USD ($)	9 Months Ended	12 Months Ended
	Jul. 02, 2016	Oct. 03, 2015
Schedule of stock options, activity [Abstract]
Outstanding, beginning of period		523,800
Outstanding, beginning of period		$ 20.29
Outstanding, beginning of period	5 years 146 days	6 years 36 days
Options:
Exercised	(100)
Exercised	$ 14.40
Outstanding and expected to vest, end of period	523,700
Outstanding and expected to vest, end of period	$ 20.29
Outstanding and expected to vest, end of period	5 years 146 days	6 years 36 days
Outstanding and expected to vest, end of period	$ 2,163,214
Exercisable, end of period	422,200
Exercisable, end of period	$ 19.76
Exercisable, end of period	4 years 292 days
Exercisable, end of period	$ 2,130,734

INCOME TAXES (Details)

INCOME TAXES (Details)	9 Months Ended
	Jul. 02, 2016	Jun. 27, 2015
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	25.00%	23.00%

INCOME PER SHARE OF COMMON ST40

INCOME PER SHARE OF COMMON STOCK (Details) - $ / shares	3 Months Ended		9 Months Ended
	Jul. 02, 2016	Jun. 27, 2015	Jul. 02, 2016	Jun. 27, 2015
Exercise Price One [Member]
INCOME PER SHARE OF COMMON STOCK (Details) [Line Items]
Dilutive Securities Included In Computation Of Earnings Per Share Amount	66,000	74,000	66,000	74,000
Exercise Price Of Common Stock Options Included In Computation Of Earnings Per Share	$ 12.04	$ 12.04	$ 12.04	$ 12.04
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	203,000	90,000	203,000	90,000
Exercise Price Of Common Stock Options Excluded From Computation Of Earnings Per Share	$ 22.50	$ 32.15	$ 22.50	$ 32.15
Exercise Price Two [Member]
INCOME PER SHARE OF COMMON STOCK (Details) [Line Items]
Dilutive Securities Included In Computation Of Earnings Per Share Amount	164,700	169,800	164,700	169,800
Exercise Price Of Common Stock Options Included In Computation Of Earnings Per Share	$ 14.40	$ 14.40	$ 14.40	$ 14.40
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	90,000		90,000
Exercise Price Of Common Stock Options Excluded From Computation Of Earnings Per Share	$ 32.15		$ 32.15
Exercise Price Three [Member]
INCOME PER SHARE OF COMMON STOCK (Details) [Line Items]
Dilutive Securities Included In Computation Of Earnings Per Share Amount		205,500		205,500
Exercise Price Of Common Stock Options Included In Computation Of Earnings Per Share		$ 22.50		$ 22.50

DIVIDENDS (Details)

DIVIDENDS (Details)	Jul. 02, 2016$ / shares
Dividends [Abstract]
Dividends Payable, Amount Per Share	$ 0.25

SUBSEQUENT EVENT (Details)

SUBSEQUENT EVENT (Details)	3 Months Ended	9 Months Ended
	Jul. 02, 2016USD ($)	Jul. 02, 2016USD ($)	Jul. 13, 2016USD ($)	Jul. 05, 2016shares
SUBSEQUENT EVENT (Details) [Line Items]
Number of Subsidiaries		2
Reduction In Occupancy Cost Due To Reversal Of Accrued Liabilities	$ 336,622	$ 158,840
Additional Lease Extension Option [Member]
SUBSEQUENT EVENT (Details) [Line Items]
Reversal of Accrued Liabilities	$ 945,205	$ 945,205
Meadowlands Newmark LLC [Member] | Subsequent Event [Member]
SUBSEQUENT EVENT (Details) [Line Items]
Additional Loans And Advances To Related Party			$ 200,000
Maximum [Member] | Subsequent Event [Member]
SUBSEQUENT EVENT (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in Shares) | shares				500,000