Good Times Restaurants (GTIM) 10-Q 11 May 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Mar. 27, 2018	May 10, 2018
Document And Entity Information
Entity Registrant Name	Good Times Restaurants Inc.
Entity Central Index Key	825,324
Document Type	10-Q
Document Period End Date	Mar. 27, 2018
Amendment Flag	false
Current Fiscal Year End Date	--09-27
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		12,468,326
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,018

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 27, 2018	Sep. 26, 2017
CURRENT ASSETS:
Cash and cash equivalents	$ 3,875	$ 4,337
Receivables, net of allowance for doubtful accounts of $0	613	573
Prepaid expenses and other	260	296
Inventories	871	847
Notes receivable	14	13
Total current assets	5,633	6,066
PROPERTY AND EQUIPMENT:
Land and building	5,002	5,001
Leasehold improvements	23,626	21,159
Fixtures and equipment	22,250	20,945
Total property and equipment	50,878	47,105
Less accumulated depreciation and amortization	(20,506)	(18,636)
Total net property and equipment	30,372	28,469
Assets held for sale	0	1,221
OTHER ASSETS:
Notes receivable, net of current portion	39	46
Deposits and other assets	208	240
Trademarks	3,900	3,900
Other intangibles, net	47	61
Goodwill	15,150	15,150
Total other assets	19,344	19,397
TOTAL ASSETS:	55,349	55,153
CURRENT LIABILITIES:
Current maturities of long-term debt and capital lease obligations	17	17
Accounts payable	2,830	3,311
Deferred income	41	41
Other accrued liabilities	4,348	3,547
Total current liabilities	7,236	6,916
LONG-TERM LIABILITIES:
Maturities of long-term debt and capital lease obligations due after one year	5,131	5,339
Deferred and other liabilities	6,506	5,614
Total long-term liabilities	11,637	10,953
Good Times Restaurants Inc. stockholders' equity:
Preferred stock, $.01 par value; 5,000,000 shares authorized, no shares issued and outstanding as of 12/26/17 and 09/26/17	0	0
Common stock, $.001 par value; 50,000,000 shares authorized, 12,468,326 and 12,427,280 shares issued and outstanding as of 03/27/18 and 09/26/17, respectively	12	12
Capital contributed in excess of par value	59,154	58,939
Accumulated deficit	(25,394)	(24,380)
Total Good Times Restaurants Inc. stockholders' equity	33,772	34,571
Non-controlling interests	2,704	2,713
Total stockholders' equity	36,476	37,284
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 55,349	$ 55,153

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 27, 2018	Sep. 26, 2017
Statement of Financial Position [Abstract]
Receivables, allowance for doubtful accounts	$ 0	$ 0
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, issued	0	0
Preferred stock, outstanding	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	12,468,326	12,468,326
Common stock, shares outstanding	12,427,280	12,427,280

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 27, 2018	Mar. 28, 2017	Mar. 27, 2018	Mar. 28, 2017
NET REVENUES:
Total net revenues	$ 23,509	$ 18,239	$ 46,269	$ 34,794
RESTAURANT OPERATING COSTS:
Food and packaging costs	7,118	5,614	14,321	10,769
Payroll and other employee benefit costs	8,642	6,675	16,921	12,670
Restaurant occupancy costs	1,788	1,429	3,428	2,723
Other restaurant operating costs	2,137	1,579	4,253	3,107
Preopening costs	496	567	1,073	918
Depreciation and amortization	882	703	1,728	1,333
Total restaurant operating costs	21,063	16,567	41,724	31,520
General and administrative costs	1,898	1,746	3,815	3,391
Advertising costs	515	431	1,022	843
Franchise costs	11	28	21	52
Asset impairment costs	72	0	72	0
Gain on restaurant asset sale	(9)	(5)	(17)	(11)
LOSS FROM OPERATIONS	(41)	(528)	(368)	(1,001)
Other Expenses:
Interest expense, net	(91)	(36)	(174)	(56)
Total other expenses, net	(91)	(36)	(174)	(56)
NET LOSS	(132)	(564)	(542)	(1,057)
Income attributable to non-controlling interests	(299)	(147)	(472)	(287)
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS	$ (431)	$ (711)	$ (1,014)	$ (1,344)
BASIC AND DILUTED LOSS PER SHARE:
Net loss attributable to common shareholders	$ (0.03)	$ (0.06)	$ (0.08)	$ (0.11)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING
Basic and Diluted	12,468,326	12,297,550	12,456,537	12,292,932
Restaurant sales [Member]
NET REVENUES:
Total net revenues	$ 23,342	$ 18,077	$ 45,939	$ 34,463
Franchise royalties [Member]
NET REVENUES:
Total net revenues	$ 167	$ 162	$ 330	$ 331

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Mar. 27, 2018	Mar. 28, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (542)	$ (1,057)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	1,852	1,423
Accretion of deferred rent	244	270
Amortization of lease incentive obligation	(201)	(131)
Asset impairment costs	72	0
Stock-based compensation expense	215	404
Recognition of deferred gain on sale of restaurant building	(17)	(13)
Loss on disposal of assets	0	2
Change in:
Receivables and other	(40)	(220)
Inventories	(24)	(68)
Deposits and other	35	(58)
Change in:
Accounts payable	(98)	258
Deferred liabilities	703	662
Accrued and other liabilities	794	715
Net cash provided by operating activities	2,993	2,187
CASH FLOWS FROM INVESTING ACTIVITIES:
Payments for the purchase of property and equipment	(4,169)	(6,697)
Proceeds from sale leaseback transaction	1,397	1,722
Payments received from franchisees and others	6	5
Net cash used in investing activities	(2,766)	(4,970)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings on notes payable and long-term debt	1,400	1,400
Principal payments on notes payable and long-term debt	(1,608)	(14)
Net distributions paid to non-controlling interests	(481)	(105)
Net cash provided by (used in) financing activities	(689)	1,281
NET CHANGE IN CASH AND CASH EQUIVALENTS	(462)	(1,502)
CASH AND CASH EQUIVALENTS, beginning of period	4,337	6,330
CASH AND CASH EQUIVALENTS, end of period	3,875	4,828
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid for interest	68	20
Change in accounts payable attributable to the purchase of property and equipment	$ (383)	$ 1,046

Basis of Presentation

Basis of Presentation	6 Months Ended
	Mar. 27, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Note 1. Basis of Presentation The accompanying unaudited condensed consolidated financial statements include the accounts of Good Times Restaurants Inc. and its wholly-owned subsidiaries, Good Times Drive Thru, Inc. (“Drive Thru”), BD of Colorado, LLC (“BD of Colo”), Bad Daddy’s Franchise Development, LLC (“BDFD”) and Bad Daddy’s International, LLC (“BDI”) (together referred to as the “Company”, “we” or “us”). All significant intercompany balances and transactions have been eliminated in consolidation. Drive Thru is engaged in the business of developing, owning, operating and franchising hamburger-oriented drive-through restaurants under the name Good Times Burgers & Frozen Custard. Most of our Good Times restaurants are located in the front-range communities of Colorado, but we also have franchised restaurants in Wyoming. BD of Colo, BDI and BDFD are engaged in the business of licensing, owning and operating full-service hamburger-oriented restaurants under the name Bad Daddy’s Burger Bar. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles and practices of the United States of America (“GAAP”) for interim financial information. In the opinion of management, the accompanying unaudited condensed consolidated financial statements contain all of the normal recurring adjustments necessary to present fairly the financial position of the Company as of March 27, 2018 and the results of its operations and its cash flows for the fiscal quarters ended March 27, 2018 and March 28, 2017. Operating results for the fiscal quarter ended March 27, 2018 are not necessarily indicative of the results that may be expected for the year ending September 25, 2018. The condensed consolidated balance sheet as of September 26, 2017 is derived from the audited financial statements but does not include all disclosures required by generally accepted accounting principles. As a result, these condensed consolidated financial statements should be read in conjunction with the Company's Form 10-K for the fiscal year ended September 26, 2017. Fiscal Year – The Company’s fiscal year is a 52/53-week year ending on the last Tuesday of September. In a 52-week fiscal year, each of the Company’s quarterly periods comprise 13 weeks. The additional week in a 53-week fiscal year is added to the first quarter, making such quarter consist of 14 weeks. Advertising Costs – We utilize Advertising Funds to administer certain advertising programs for both the Good Times and Bad Daddy’s brands that benefit both us and our franchisees. We and our franchisees are required to contribute a percentage of gross sales to the fund. As the contributions to these funds are designated and segregated for advertising, we act as an agent for the franchisees with regard to these contributions. We consolidate the Advertising Funds into our financial statements on a net basis, whereby contributions from franchisees, when received, are recorded as offsets to reported advertising expenses. Contributions to the Advertising Funds from our franchisees were $175,000 and $174,000 for the first and second fiscal quarters of 2018 and 2017, respectively.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Mar. 27, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Note 2. Goodwill and Intangible Assets The following table presents goodwill and intangible assets as of March 27, 2018 and September 26, 2017 (in thousands): March 27, 2018 September 26, 2017 Gross Amount Accumulated Amortization Net Amount Gross Amount Accumulated Amortization Net Amount Intangible assets subject to Franchise rights 116 (69 ) 47 116 (57 ) 59 Non-compete agreements 15 (15 ) 0 15 (13 ) 2 $ 131 $ (84 ) $ 47 $ 131 $ (70 ) $ 61 Indefinite-lived intangible Trademarks $ 3,900 $ 0 $ 3,900 $ 3,900 $ 0 $ 3,900 Intangible assets, net $ 4,031 $ (84 ) $ 3,947 $ 4,031 $ (70 ) $ 3,961 Goodwill $ 15,150 $ 0 $ 15,150 $ 15,150 $ 0 $ 15,150 The Company had no goodwill impairment losses in the periods presented in the above table or any prior periods. There were no impairments to intangible assets during the two quarters ended March 27, 2018. The aggregate amortization expense related to these intangible assets subject to amortization was $14,000 for the two quarters ended March 27, 2018. The estimated aggregate future amortization expense as of March 27, 2018 is as follows (in thousands): Remainder of 2018 $ 12 2019 23 2020 12 $ 47

Common Stock

Common Stock	6 Months Ended
	Mar. 27, 2018
Stockholders' Equity Note [Abstract]
Common Stock	Note 3. Common Stock On January 26, 2015, the Company filed a shelf registration statement on Form S-3 with the Securities and Exchange Commission ("SEC") which was declared effective by the SEC on March 25, 2015. The registration statement allows the Company to issue common stock from time to time up to an aggregate amount of $75 million, of which $22,688,052 has been issued.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Mar. 27, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	Note 4. Stock-Based Compensation Stock-based compensation is measured at the grant date, based on the calculated fair value of the award, and is recognized as an expense over the requisite service period (generally the vesting period of the grant). The company recognizes the impact of forfeitures as forfeitures occur. Our net loss for the two quarters ended March 27, 2018 and March 28, 2017 includes $215,000 and $404,000, respectively, of compensation costs related to our stock-based compensation arrangements. Stock Option awards The Company measures the compensation cost associated with stock option awards by estimating the fair value of the award as of the grant date using the Black-Scholes pricing model. The Company believes that the valuation technique and the approach utilized to develop the underlying assumptions are appropriate in calculating the fair values of the Company’s stock options and stock awards granted during the first two fiscal quarters ended March 27, 2018. Estimates of fair value are not intended to predict actual future events or the value ultimately realized by the employees who receive equity awards. During the two quarters ended March 27, 2018, the Company granted a total of 18,274 incentive stock options, from available shares under its 2008 Plan, as amended, with an exercise prices between $2.70 and $2.73 and per-share weighted average fair values between $1.65 and $1.95. During the two quarters ended March 28, 2017, the Company granted a total of 149,899 incentive stock options, from available shares under its 2008 Plan, as amended, with exercise prices between $3.05 and $3.15 and per-share weighted average fair values between $2.17 and $2.30. In addition to the exercise and grant date prices of the stock option awards, certain weighted average assumptions that were used to estimate the fair value of stock option grants are listed in the following table: Fiscal 2018 Fiscal 2017 Incentive and Expected term (years) 7.5 6.5 to 7.5 Expected volatility 75.33% to 75.67% 75.66% to 80.70% Risk-free interest rate 2.17% to 2.35% 1.49% to 2.40% Expected dividends 0 0 We estimate expected volatility based on historical weekly price changes of our common stock for a period equal to the current expected term of the options. The risk-free interest rate is based on the United States treasury yields in effect at the time of grant corresponding with the expected term of the options. The expected option term is the number of years we estimate that options will be outstanding prior to exercise considering vesting schedules and our historical exercise patterns. The following table summarizes stock option activity for the two quarters ended March 27, 2018 under all plans: Shares Weighted Weighted Avg. Outstanding-at beginning of year 681,922 $ 4.25 Options granted 18,274 $ 2.71 Options exercised 0 Forfeited (22,338 ) $ 5.49 Expired (2,933 ) $ 17.25 Outstanding March 27, 2018 674,925 $ 4.12 6.3 Exercisable March 27, 2018 513,054 $ 4.28 5.6 As of March 27, 2018, the aggregate intrinsic value of the outstanding and exercisable options was $243,000 and $235,000, respectively. Only options whose exercise price is below the current market price of the underlying stock are included in the intrinsic value calculation. As of March 27, 2018, the total remaining unrecognized compensation cost related to non-vested stock options was $404,000 and is expected to be recognized over a weighted average period of approximately 1.8 years. There were no stock options exercised during the two quarters ended March 27, 2018 and March 28, 2017. Restricted Stock Units During the two quarters ended March 27, 2018, the Company granted a total of 37,037 restricted stock units from available shares under its 2008 Plan, as amended. The shares were issued with a grant date fair market value of $2.70 which is equal to the closing price of the stock on the date of the grant. The restricted stock units vest over three years following the grant date. During the two quarters ended March 28, 2017, the Company granted a total of 103,440 restricted stock units to certain employees and executive officers from available shares under its 2008 Plan, as amended. The shares were issued with grant date fair market values of $3.15 and $3.20 which is equal to the closing prices of the stock on the dates of the grants. The restricted stock units vest between three months and three years following the grant date. A summary of the status of non-vested restricted stock as of March 27, 2018 is presented below. Shares Grant Date Fair Non-vested shares at beg of year 115,039 $3.15 to $8.60 Granted 37,037 $2.70 Forfeited (4,175 ) $3.15 to $4.18 Vested (41,037 ) $3.15 to $4.18 Non-vested shares at March 27, 2018 106,864 $2.70 to $8.60 As of March 27, 2018, there was $257,000 of total unrecognized compensation cost related to non-vested restricted stock. This cost is expected to be recognized over a weighted average period of approximately 1.3 years.

Notes Payable and Long-Term Deb

Notes Payable and Long-Term Debt	6 Months Ended
	Mar. 27, 2018
Debt Disclosure [Abstract]
Notes Payable and Long-Term Debt	Note 5. Notes Payable and Long-Term Debt Cadence Credit Facility On September 8, 2016, the Company entered into a credit agreement with Cadence Bank (“Cadence”) pursuant to which Cadence agreed to loan the Company up to $9,000,000 (the “Cadence Credit Facility”). On September 11, 2017, the Cadence Credit Facility was amended to increase the loan maximum to $12,000,000 and extend the maturity date to December 31, 2020. The Cadence Credit Facility accrues commitment fees on the daily unused balance of the facility at a rate of 0.25%. All borrowings under the Cadence Credit Facility bear interest at a variable rate based upon the Company’s election of (i) 3.0% plus the base rate, which is the highest of the (a) Federal Funds Rate plus 0.5%, (b) the Cadence bank publicly-announced prime rate, and (c) LIBOR plus 1.0%, or (ii) LIBOR, with a 0.125% floor, plus 4.0%. Interest is due at the end of each calendar quarter if the Company selects to pay interest based on the base rate and at the end of each LIBOR period if it selects to pay interest based on LIBOR. As of March 27, 2018, the weighted average interest rate applicable to borrowings under the Cadence Credit Facility was 5.6683%. The Cadence Credit Facility contains certain affirmative and negative covenants and events of default that the Company considers customary for an agreement of this type, including covenants setting a maximum leverage ratio of 5.35:1, a minimum fixed charge coverage ratio of 1.25:1 and minimum liquidity of $2,500,000. As of March 27, 2018, the Company was in compliance with its covenants. As a result of entering into the Cadence Credit Facility and the amendment, the Company paid loan origination costs including professional fees of approximately $197,000 and is amortizing these costs over the term of the credit agreement. The obligations under the Cadence Credit Facility are collateralized by a first priority lien on substantially all of the Company’s assets. As of March 27, 2018, the outstanding balance on the facility was $5,100,000.

Net Income (Loss) per Common Sh

Net Income (Loss) per Common Share	6 Months Ended
	Mar. 27, 2018
Earnings Per Share [Abstract]
Net Income (Loss) per Common Share	Note 6. Net Income (Loss) per Common Share Our basic earnings per share calculation is computed based on the weighted-average number of common shares outstanding. Our diluted earnings per share calculation is computed based on the weighted-average number of common shares outstanding adjusted by the number of additional shares that would have been outstanding had the potentially dilutive common shares been issued. Potentially dilutive securities for this calculation consist of in-the-money outstanding stock options, restricted stock grants and warrants (which were assumed to have been exercised at the average market price of the common shares during the reporting period). The treasury stock method is used to measure the dilutive impact of in-the-money stock options. Options and restricted stock grants for 781,789 and 987,064 shares of common stock were not included in computing diluted EPS for the two quarters ended March 27, 2018 and March 28, 2017, respectively, because their effects were anti-dilutive.

Contingent Liabilities and Liqu

Contingent Liabilities and Liquidity	6 Months Ended
	Mar. 27, 2018
Commitments and Contingencies Disclosure [Abstract]
Contingent Liabilities and Liquidity	Note 7. Contingent Liabilities and Liquidity We remain contingently liable on various leases underlying restaurants that were previously sold to franchisees. We have never experienced any losses related to these contingent lease liabilities, however if a franchisee defaults on the payments under the leases, we would be liable for the lease payments as the assignor or sub-lessor of the lease. Currently we have not been notified nor are we aware of any leases in default by the franchisees, however there can be no assurance that there will not be in the future which could have a material effect on our future operating results.

Impairment of Long-Lived Assets

Impairment of Long-Lived Assets and Goodwill	6 Months Ended
	Mar. 27, 2018
Goodwill and Intangible Asset Impairment [Abstract]
Impairment of Long-Lived Assets and Goodwill	Note 8. Impairment of Long-Lived Assets and Goodwill Long-Lived Assets. On January 30, 2018 the Company closed one Good Times restaurant in Aurora, Colorado. A non-cash impairment charge of $219,000 related to this restaurant was previously taken in the fiscal year ended September 26, 2017 and no additional loss from disposal of assets is expected. The Company is currently marketing the property and intends to sublease the property to a suitable tenant over the approximate 17-year remaining term of the lease. The company expects to be able to sublease this property at or above its contractual lease rate, but expects an approximate six-month period of time between the end of the current quarter before any sublease income is received. As such, we recorded non-cash rent of approximately $48,000 reflecting the expected fair value of future lease costs, net of sublease income, associated with the closing of this restaurant. Given the results of our analysis at March 27, 2018, we identified one restaurant where the expected future cash flows would not be sufficient to recover the carrying value of the associated assets. This restaurant, an additional Good Times restaurant in Aurora, Colorado, was closed subsequent to end of the quarter ending March 27, 2018, on April 22, 2018. We recorded a non-cash charge of $72,000 related to the impairment of this restaurant during the quarter ending March 27, 2018. No additional loss from disposal of assets is expected associated with this property. Prior to its closure, but also subsequent to the end of the current quarter, on April 6, 2018, the company entered into a sublease of this property, the terms of which will provide sublease income substantially equal to the lease costs over the approximate 5 remaining years of the lease. Trademarks. Goodwill.

Income Taxes

Income Taxes	6 Months Ended
	Mar. 27, 2018
Income Tax Disclosure [Abstract]
Income Taxes	Note 9. Income Taxes We account for income taxes using the liability method, whereby deferred tax asset and liability account balances are determined based on differences between the financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company provides a valuation allowance, if necessary, to reduce deferred tax assets to their estimated realizable value. The deferred tax assets are reviewed periodically for recoverability and valuation allowances are adjusted as necessary. The Company has significant net operating loss carry-forwards from prior years and incurred additional net operating losses during the two quarters ended March 27, 2018 and March 28, 2017. These losses resulted in an increase in the related deferred tax assets; however, valuation allowances were provided which reduced these deferred tax assets to zero; therefore, no income tax provision or benefit was recognized for the two quarters ended March 27, 2018 and March 28, 2017 resulting in an effective income tax rate of 0% for both periods. The Company is subject to taxation in various jurisdictions within the U.S. The Company continues to remain subject to examination by U.S. federal authorities for the years 2014 through 2017. The Company believes that its income tax filing positions and deductions will be sustained on audit and does not anticipate any adjustments that will result in a material adverse effect on the Company’s financial condition, results of operations, or cash flows. Therefore, no reserves for uncertain income tax positions have been recorded. The Company’s practice is to recognize interest and/or penalties related to income tax matters in income tax expense. No accrual for interest and penalties was considered necessary as of March 27, 2018. On December 22, 2017 the U.S. government enacted legislation that has been commonly referred to as the Tax Cut and Jobs Act (the “Tax Act”). The Tax Act significantly revises the future ongoing U.S. corporate income tax by, among other things, lowering U.S. corporate income tax rates and implementing a territorial tax system. As 100% of our current operations, and our operations for the foreseeable future are conducted within the U.S., the changes with respect to treatment of earnings outside of the U.S. will have no impact on our financial statements. In addition to the change in the corporate income tax rate and changes related to foreign source income, the Tax Act makes changes to the deductibility of certain items, such as meals provided to employees; and changes that allow for accelerated depreciation of certain capital expenditures. Due to a combination of the current full valuation allowance on our deferred tax assets, as well as a significant Net Operating Loss carryforward, we do not believe that the legislative changes enacted by the Tax Act will have a material impact on our financial statements.

Non-controlling Interests

Non-controlling Interests	6 Months Ended
	Mar. 27, 2018
Noncontrolling Interest [Abstract]
Non-controlling Interests	Note 10. Non-controlling Interests Non-controlling interests are presented as a separate item in the stockholders’ equity section of the condensed consolidated balance sheet. The amount of consolidated net income or loss attributable to non-controlling interests is presented on the face of the condensed consolidated statement of operations. Changes in a parent’s ownership interest in a subsidiary that do not result in deconsolidation are equity transactions, while changes in ownership interest that do result in deconsolidation of a subsidiary require gain or loss recognition based on the fair value on the deconsolidation date. The equity interests of the unrelated limited partners and members are shown on the accompanying consolidated balance sheet in the stockholders’ equity section as a non-controlling interest and is adjusted each period to reflect the limited partners’ and members’ share of the net income or loss as well as any cash contributions or distributions to or from the limited partners and members for the period. The limited partners’ and members’ share of the net income or loss in the subsidiary is shown as non-controlling interest income or expense in the accompanying consolidated statement of operations. All inter-company accounts and transactions are eliminated. The following table summarizes the activity in non-controlling interests during the two quarters ended March 27, 2018 (in thousands): Good Times Bad Daddy’s Total Balance at September 26, 2017 $ 434 $ 2,279 $ 2,713 Income 154 318 472 Contributions 0 17 17 Distributions (182 ) (316 ) (498 ) Balance at March 27, 2018 $ 406 $ 2,298 $ 2,704 Our non-controlling interests consist of one joint venture partnership involving seven Good Times restaurants and seven joint venture partnerships involving seven Bad Daddy’s restaurants, including one Bad Daddy’s restaurant that is currently under construction. Six of the seven Bad Daddy’s joint venture partnerships were established prior to the beginning of fiscal 2018 to fund the construction of Bad Daddy’s restaurants in North Carolina. Two of these six restaurants opened in fiscal 2017 and one opened during the first quarter of fiscal 2018. One of the Bad Daddy’s joint venture partnerships was established in fiscal 2018 to fund the construction of a Bad Daddy’s restaurant in Greensboro, North Carolina which is currently under construction and is expected to open during fiscal 2018.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Mar. 27, 2018
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	Note 11. Recent Accounting Pronouncements In March 2016, the FASB issued ASU No. 2016-09, Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting.” (ASU 2016-09). ASU 2016-09 includes provisions intended to simplify various aspects related to how share-based payments are accounted for and presented in the financial statements. The areas for simplification include income tax consequences, forfeitures, classification of awards as either equity or liabilities and classification on the statement of cash flows. In May 2017, the FASB issued ASU No. 2017-09, “Compensation – Stock Compensation (Topic 718): Scope of Modification Accounting.” This pronouncement provides clarity in guidance in the instance of a change in the terms or conditions of a share-based payment award. Both pronouncements are effective for annual periods and interim periods within those annual periods beginning after December 15, 2016 and early adoption is permitted for financial statements that have not been previously issued. The Company adopted both ASUs effective with its 2018 fiscal year; such adoption did not have material impact on our financial position or results from operations. In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, “Revenue from Contracts with Customers (Topic 606).” This update was issued to replace the current revenue recognition guidance, creating a more comprehensive five-step model. In March 2016, the FASB issued No. ASU 2016-04, “Liabilities – Extinguishments of Liabilities: Recognition of Breakage for Certain Prepaid Stored-Value Products.” This pronouncement provides guidance for the derecognition of prepaid stored-value product liabilities, consistent with the breakage guidance in Topic 606. These amendments are effective for fiscal years beginning after December 15, 2017 and interim periods within those fiscal years. We do not expect that the adoption of these new standards will have a material impact to our revenue recognition related to company-owned restaurant sales, recognition of royalty fees from our franchise agreement, or impact from recognition of gift card breakage. In February 2016, the Financial Accounting Standards Board (“FASB”) FASB issued Accounting Standards Update No. ASU No. 2016-02, “Leases (Topic 842)”, (ASU 2016-02), which replaces the existing guidance in Accounting Standard Codification 840, Leases. ASU 2016-02 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2018. ASU 2016-02 This pronouncement requires a dual approach for lessee accounting under which a lessee would account for leases as finance leases or operating leases. Both finance leases and operating leases will result in the lessee recognizing a right-of-use asset and a corresponding lease liability. The Company is currently assessing the impact that adoption of ASU 2016-02 will have on its consolidated financial position or results of operations and expect that it will result in a significant increase in our long-term assets and liabilities given we have a significant number of leases. In January 2017, the FASB issued ASU No. 2017-04, “Intangibles – Goodwill and Other (Topic 350) – Simplifying the Test for Goodwill Impairment,” which eliminates Step 2 from the impairment test applied to goodwill. Under the new standard, goodwill impairment tests will compare the fair value of a reporting unit with its carrying amount. An impairment charge will be recognized for the amount by which the carrying amount exceeds the reporting unit’s fair value, not to exceed the total amount of goodwill. This pronouncement is effective for annual and interim periods beginning after December 15, 2019 and should be applied on a prospective basis. We do not expect that the adoption of this standard will have a material impact on our financial position or results from operations.

Subsequent Events

Subsequent Events	6 Months Ended
	Mar. 27, 2018
Subsequent Events [Abstract]
Subsequent Events	Note 12. Subsequent Events On April 22, 2018 the Company closed one Good Times restaurant in Denver, Colorado. We recorded a non-cash charge of $72,000 related to the impairment of this restaurant during the quarter ending March 27, 2018. No additional loss from disposal of assets is expected. On April 6, 2018, we entered into a sublease of this property, the terms of which will provide sublease income substantially equal to the lease costs over the approximate 5 remaining years of the lease.

Segment Reporting

Segment Reporting	6 Months Ended
	Mar. 27, 2018
Segment Reporting [Abstract]
Segment Reporting	Note 13. Segment Reporting All of our Good Times Burgers and Frozen Custard restaurants (Good Times) compete in the quick-service drive-through dining industry while our Bad Daddy’s Burger Bar restaurants (Bad Daddy’s) compete in the full-service upscale casual dining industry. We believe that providing this additional financial information for each of our brands will provide a better understanding of our overall operating results. Income (loss) from operations represents revenues less restaurant operating costs and expenses, directly allocable general and administrative expenses, and other restaurant-level expenses directly associated with each brand including depreciation and amortization, pre-opening costs and losses or gains on disposal of property and equipment. Unallocated corporate capital expenditures are presented below as reconciling items to the amounts presented in the consolidated financial statements. The following tables present information about our reportable segments for the respective periods (in thousands): Quarter Ended Two Quarters Ended Mar 27 Mar 28 Mar 27 Mar 28 Revenues Good Times $ 7,466 $ 6,964 $ 15,154 $ 13,916 Bad Daddy’s 16,043 11,275 31,115 20,878 $ 23,509 $ 18,239 $ 46,269 $ 34,794 Income (Loss) from operations Good Times $ (139 ) $ (228 ) $ (158 ) $ (339 ) Bad Daddy’s 198 (106 ) 8 (296 ) Corporate (100 ) (194 ) (218 ) (366 ) $ (41 ) $ (528 ) $ (368 ) $ (1,001 ) Capital expenditures Good Times $ 157 $ 1,930 $ 177 $ 2,883 Bad Daddy’s 2,063 2,226 3,989 3,667 Corporate 2 116 3 147 $ 2,222 $ 4,272 $ 4,169 $ 6,697 Mar 27 Sep 26 Property and equipment, net Good Times $ 5,483 $ 7,061 Bad Daddy’s 24,451 22,133 Corporate 438 496 $ 30,372 $ 29,690

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Mar. 27, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill and Intangible Assets	The following table presents goodwill and intangible assets as of March 27, 2018 and September 26, 2017 (in thousands): March 27, 2018 September 26, 2017 Gross Amount Accumulated Amortization Net Amount Gross Amount Accumulated Amortization Net Amount Intangible assets subject to Franchise rights 116 (69 ) 47 116 (57 ) 59 Non-compete agreements 15 (15 ) 0 15 (13 ) 2 $ 131 $ (84 ) $ 47 $ 131 $ (70 ) $ 61 Indefinite-lived intangible Trademarks $ 3,900 $ 0 $ 3,900 $ 3,900 $ 0 $ 3,900 Intangible assets, net $ 4,031 $ (84 ) $ 3,947 $ 4,031 $ (70 ) $ 3,961 Goodwill $ 15,150 $ 0 $ 15,150 $ 15,150 $ 0 $ 15,150
Schedule of Estimated Aggregate Future Amortization Expense For Finite-Lived Intangible Assets	The estimated aggregate future amortization expense as of March 27, 2018 is as follows (in thousands): Remainder of 2018 $ 12 2019 23 2020 12 $ 47

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Mar. 27, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Weighted Average Assumptions Used to Estimate Fair Value of Stock Option Grants	In addition to the exercise and grant date prices of the stock option awards, certain weighted average assumptions that were used to estimate the fair value of stock option grants are listed in the following table: Fiscal 2018 Fiscal 2017 Incentive and Expected term (years) 7.5 6.5 to 7.5 Expected volatility 75.33% to 75.67% 75.66% to 80.70% Risk-free interest rate 2.17% to 2.35% 1.49% to 2.40% Expected dividends 0 0
Summary of Stock Option Activity under Share Based Compensation Plan	The following table summarizes stock option activity for the two quarters ended March 27, 2018 under all plans: Shares Weighted Weighted Avg. Outstanding-at beginning of year 681,922 $ 4.25 Options granted 18,274 $ 2.71 Options exercised 0 Forfeited (22,338 ) $ 5.49 Expired (2,933 ) $ 17.25 Outstanding March 27, 2018 674,925 $ 4.12 6.3 Exercisable March 27, 2018 513,054 $ 4.28 5.6
Schedule of Non-vested Restricted Stock Activity	A summary of the status of non-vested restricted stock as of March 27, 2018 is presented below. Shares Grant Date Fair Non-vested shares at beg of year 115,039 $3.15 to $8.60 Granted 37,037 $2.70 Forfeited (4,175 ) $3.15 to $4.18 Vested (41,037 ) $3.15 to $4.18 Non-vested shares at March 27, 2018 106,864 $2.70 to $8.60

Non-controlling Interests (Tabl

Non-controlling Interests (Tables)	6 Months Ended
	Mar. 27, 2018
Noncontrolling Interest [Abstract]
Schedule of Noncontrolling Interest	The following table summarizes the activity in non-controlling interests during the two quarters ended March 27, 2018 (in thousands): Good Times Bad Daddy’s Total Balance at September 26, 2017 $ 434 $ 2,279 $ 2,713 Income 154 318 472 Contributions 0 17 17 Distributions (182 ) (316 ) (498 ) Balance at March 27, 2018 $ 406 $ 2,298 $ 2,704

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Mar. 27, 2018
Segment Reporting [Abstract]
Schedule of Reportable Segments	The following tables present information about our reportable segments for the respective periods (in thousands): Quarter Ended Two Quarters Ended Mar 27 Mar 28 Mar 27 Mar 28 Revenues Good Times $ 7,466 $ 6,964 $ 15,154 $ 13,916 Bad Daddy’s 16,043 11,275 31,115 20,878 $ 23,509 $ 18,239 $ 46,269 $ 34,794 Income (Loss) from operations Good Times $ (139 ) $ (228 ) $ (158 ) $ (339 ) Bad Daddy’s 198 (106 ) 8 (296 ) Corporate (100 ) (194 ) (218 ) (366 ) $ (41 ) $ (528 ) $ (368 ) $ (1,001 ) Capital expenditures Good Times $ 157 $ 1,930 $ 177 $ 2,883 Bad Daddy’s 2,063 2,226 3,989 3,667 Corporate 2 116 3 147 $ 2,222 $ 4,272 $ 4,169 $ 6,697 Mar 27 Sep 26 Property and equipment, net Good Times $ 5,483 $ 7,061 Bad Daddy’s 24,451 22,133 Corporate 438 496 $ 30,372 $ 29,690

Basis of Presentation (Details)

Basis of Presentation (Details) - USD ($)	3 Months Ended		6 Months Ended
	Mar. 27, 2018	Mar. 28, 2017	Mar. 27, 2018	Mar. 28, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Advertising Costs	$ 175,000	$ 175,000	$ 174,000	$ 174,000

Goodwill and Intangible Asset24

Goodwill and Intangible Assets (Narrative) (Details) $ in Thousands	6 Months Ended
	Mar. 27, 2018USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of Intangible Assets	$ 14,000

Goodwill and Intangible Asset25

Goodwill and Intangible Assets (Intangible Assets Subject to Amortization) (Details) - USD ($) $ in Thousands	Mar. 27, 2018	Sep. 26, 2017
Gross Carrying Amount	$ 131	$ 131
Accumulated Amortization	(84)	(70)
Net Carrying Amount	47	61
Franchise rights [Member]
Gross Carrying Amount	116	116
Accumulated Amortization	(69)	(57)
Net Carrying Amount	47	59
Non-compete agreements [Member]
Gross Carrying Amount	15	15
Accumulated Amortization	(15)	(13)
Net Carrying Amount	$ 0	$ 2

Goodwill and Intangible Asset26

Goodwill and Intangible Assets (Indefinite-lived Intangible Assets) (Details) - USD ($) $ in Thousands	Mar. 27, 2018	Sep. 26, 2017
Trademarks and Trade Names [Member]
Indefinite-Lived Intangible Assets (Excluding Goodwill)	$ 3,900	$ 3,900

Goodwill and Intangible Asset27

Goodwill and Intangible Assets (Schedule of Goodwill and Intangible Assets) (Details) - USD ($) $ in Thousands	Mar. 27, 2018	Sep. 26, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible assets, gross carrying amount	$ 4,031	$ 4,031
Accumulated Amortization	(84)	(70)
Intangible Assets, net carrying amount	3,947	3,961
Goodwill, gross carrying amount	15,150	15,150
Goodwill, Accumulated Amortization	0	0
Goodwill, net carrying amount	$ 15,150	$ 15,150

Goodwill and Intangible Asset28

Goodwill and Intangible Assets (Estimated Aggregate Future Amortization Expense) (Details) - USD ($) $ in Thousands	Mar. 27, 2018	Sep. 26, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2018	$ 12
2,019	23
2,020	12
Net Carrying Amount	$ 47	$ 61

Common Stock (Details)

Common Stock (Details) - USD ($)	May 07, 2015	Dec. 27, 2015
Stockholders' Equity Note [Abstract]
Aggregate amount of stock value authorized by SEC to be issued	$ 75,000,000
Aggregate amount of stock value issued under S-3		$ 22,688,052

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Mar. 27, 2018	Mar. 28, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation expense	$ 215	$ 404
Stock options granted, shares	18,274
Stock options granted, exercise price	$ 2.71	$ 3.13
Stock options exercised, shares	0	0
Non Statutory Stock Options [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted, exercise price	$ 2.70	$ 3.05
Stock options granted, per-share weighted average fair value	1.65	2.17
Non Statutory Stock Options [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted, exercise price	2.73	3.15
Stock options granted, per-share weighted average fair value	$ 1.95	$ 2.30
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate Intrinsic Value, Outstanding	$ 243,000
Aggregate Intrinsic Value, Exercisable	235,000
Remaining total unrecognized compensation cost related to unvested stock-based arrangements	$ 404,000
Employee service share-based compensation, nonvested awards, total compensation cost not yet recognized, period for recognition	1 year 9 months 18 days
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock granted, shares	37,037	103,440
Restricted stock granted, weighted average grant date fair value per share	$ 2.70
Remaining total unrecognized compensation cost related to unvested stock-based arrangements	$ 257,000
Employee service share-based compensation, nonvested awards, total compensation cost not yet recognized, period for recognition	1 year 3 months 19 days
Restricted Stock [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock granted, weighted average grant date fair value per share		$ 3.15
Restricted Stock [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock granted, weighted average grant date fair value per share		$ 3.20
Incentive Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted, shares	18,274	149,899

Stock-Based Compensation (Weigh

Stock-Based Compensation (Weighted Average Assumptions Used to Estimate Fair Value of Stock Option Grants) (Details) - Incentive and Non-Statutory Stock Options [Member] - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Mar. 27, 2018	Sep. 26, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (years)	7 years 6 months
Expected volatility, minimum	75.33%	75.66%
Expected volatility, maximum	75.67%	80.70%
Risk-free interest rate, minimum	2.17%	1.49%
Risk-free interest rate, maximum	2.35%	2.40%
Expected dividends	$ 0	$ 0
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (years)		6 years 6 months
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (years)		7 years 6 months

Stock-Based Compensation (Summa

Stock-Based Compensation (Summary of Stock Option Activity under Share Based Compensation Plan) (Details) - $ / shares	6 Months Ended
	Mar. 27, 2018	Mar. 28, 2017
Shares
Outstanding-at beginning of year	681,922
Options granted	18,274
Options exercised	0	0
Forfeited	(22,338)
Expired	(2,933)
Outstanding March 27, 2018	674,925
Exercisable March 27, 2018	513,054
Weighted Average Exercise Price
Outstanding-at beginning of year	$ 4.25
Options granted	2.71	$ 3.13
Forfeited	5.49
Expired	17.25
Outstanding March 27, 2018	4.12
Exercisable March 27, 2018	$ 4.28
Weighted Avg. Remaining Contractual Life (Yrs.)
Outstanding March 27, 2018	6 years 3 months 19 days
Exercisable March 27, 2018	5 years 7 months 6 days

Stock-Based Compensation (Sum33

Stock-Based Compensation (Summary of Non-vested Restricted Stock Activity) (Details) - Restricted Stock [Member] - $ / shares	6 Months Ended
	Mar. 27, 2018	Mar. 28, 2017
Shares
Non-vested shares at beg of year	115,039
Granted	37,037	103,440
Forfeited	(4,175)
Vested	(41,037)
Non-vested shares at March 27, 2018	106,864
Grant Date Fair Value Per Share
Granted	$ 2.70
Minimum [Member]
Grant Date Fair Value Per Share
Non-vested shares	3.15
Granted		$ 3.15
Forfeited	3.15
Vested	3.15
Non-vested shares at March 27, 2018	2.70
Maximum [Member]
Grant Date Fair Value Per Share
Non-vested shares	8.60
Granted		$ 3.20
Forfeited	4.18
Vested	4.18
Non-vested shares at March 27, 2018	$ 8.60

Notes Payable and Long-Term D34

Notes Payable and Long-Term Debt (Details) - Cadence Credit Facility [Member] - Good Times Drive Thru Inc. [Member] - USD ($) $ in Thousands	Sep. 11, 2017	Sep. 08, 2016	Mar. 27, 2018
Debt Instrument [Line Items]
Loan Agreement, amount	$ 12,000	$ 9,000
Interest rate		0.25%	5.6683%
Maturity date	Dec. 31, 2020
Interest rate description		All borrowings under the Cadence Credit Facility bear interest at a variable rate based upon the Company’s election of (i) 3.0% plus the base rate, which is the highest of the (a) Federal Funds Rate plus 0.5%, (b) the Cadence bank publicly-announced prime rate, and (c) LIBOR plus 1.0%, or (ii) LIBOR, with a 0.125% floor, plus 4.0%.
Payment of debt issuance costs		$ 197
Minimum liquidity of credit facility			$ 2,500
Outstanding balance on credit			$ 5,100

Net Income (Loss) per Common 35

Net Income (Loss) per Common Share (Details) - shares	6 Months Ended
	Mar. 27, 2018	Mar. 28, 2017
Earnings Per Share [Abstract]
Antidilutive securities excluded from diluted EPS computation	781,789	987,064

Impairment of Long-Lived Asse36

Impairment of Long-Lived Assets and Goodwill (Details) $ in Thousands	1 Months Ended		3 Months Ended		6 Months Ended
	Apr. 22, 2018USD ($)	Jan. 30, 2018USD ($)	Mar. 27, 2018USD ($)	Mar. 28, 2017USD ($)	Mar. 27, 2018USD ($)restaurants	Mar. 28, 2017USD ($)	Sep. 26, 2017USD ($)
Impaired Long-Lived Assets Held and Used [Line Items]
Number of restaurants impaired | restaurants					0
Goodwill			$ 15,150		$ 15,150		$ 15,150
Non-cash impairment charge		$ 219	72	$ 0	72	$ 0
Loss from disposal of assets		0
Rent expense		$ 48
Subsequent Event [Member]
Impaired Long-Lived Assets Held and Used [Line Items]
Non-cash impairment charge	$ 72
Loss from disposal of assets	$ 0
Good Times Drive Thru Inc. [Member]
Impaired Long-Lived Assets Held and Used [Line Items]
Goodwill			96		96
Bad Daddy's Franchise Development, LLC [Member]
Impaired Long-Lived Assets Held and Used [Line Items]
Goodwill			$ 15,054		$ 15,054

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	6 Months Ended
	Mar. 27, 2018	Mar. 28, 2017
Income Tax Examination [Line Items]
Deferred tax assets	$ 0	$ 0
Income tax provision or benefit	$ 0	$ 0
Effective income tax rate	0.00%	0.00%
Reserves for uncertain tax positions	$ 0
Accrual for interest and penalties	$ 0
Minimum [Member]
Income Tax Examination [Line Items]
Years subject to income tax examination	2,014
Maximum [Member]
Income Tax Examination [Line Items]
Years subject to income tax examination	2,017

Non-controlling Interests (Deta

Non-controlling Interests (Details) $ in Thousands	6 Months Ended
	Mar. 27, 2018USD ($)restaurants
Noncontrolling Interest [Line Items]
Balance at September 26, 2017	$ 2,713
Income	472
Contributions	17
Distributions	(498)
Balance at March 28, 2018	2,704
Good Times Drive Thru Inc. [Member]
Noncontrolling Interest [Line Items]
Balance at September 26, 2017	434
Income	154
Contributions	0
Distributions	(182)
Balance at March 28, 2018	$ 406
Number of restaurants | restaurants	7
Bad Daddy's International, LLC [Member]
Noncontrolling Interest [Line Items]
Balance at September 26, 2017	$ 2,279
Income	318
Contributions	17
Distributions	(316)
Balance at March 28, 2018	$ 2,298
Number of restaurants | restaurants	7

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ in Thousands	1 Months Ended		3 Months Ended		6 Months Ended
	Apr. 22, 2018	Jan. 30, 2018	Mar. 27, 2018	Mar. 28, 2017	Mar. 27, 2018	Mar. 28, 2017
Subsequent Event [Line Items]
Non-cash impairment charge		$ 219	$ 72	$ 0	$ 72	$ 0
Subsequent Event [Member]
Subsequent Event [Line Items]
Non-cash impairment charge	$ 72

Segment Reporting (Details)

Segment Reporting (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 27, 2018	Mar. 28, 2017	Mar. 27, 2018	Mar. 28, 2017	Sep. 26, 2017
Segment Reporting Information [Line Items]
Revenues	$ 23,509	$ 18,239	$ 46,269	$ 34,794
Loss from operations	(41)	(528)	(368)	(1,001)
Capital expenditures	2,222	4,272	4,169	6,697
Property and equipment, net	30,372		30,372		$ 29,690
Good Times Burgers And Frozen Custard Restaurants [Member]
Segment Reporting Information [Line Items]
Revenues	7,466	6,964	15,154	13,916
Loss from operations	(139)	(228)	(158)	(339)
Capital expenditures	157	1,930	177	2,883
Property and equipment, net	5,483		5,483		7,061
Bad Daddys Burger Bar Restaurant [Member]
Segment Reporting Information [Line Items]
Revenues	16,043	11,275	31,115	20,878
Loss from operations	198	(106)	8	(296)
Capital expenditures	2,063	2,226	3,989	3,667
Property and equipment, net	24,451		24,451		22,133
Corporate Segment [Member]
Segment Reporting Information [Line Items]
Loss from operations	(100)	(194)	(218)	(366)
Capital expenditures	2	$ 116	3	$ 147
Property and equipment, net	$ 438		$ 438		$ 496