Good Times Restaurants (GTIM) 10-Q 15 May 20 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Mar. 31, 2020	May 14, 2020
Document And Entity Information
Entity Registrant Name	Good Times Restaurants Inc.
Entity Central Index Key	0000825324
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2020
Current Fiscal Year End Date	--09-24
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2020
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		12,591,028
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Incorporation State Code	NV
Entity File Number	0-18590

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2020	Sep. 24, 2019
CURRENT ASSETS:
Cash and cash equivalents	$ 4,056	$ 2,745
Receivables, net of allowance for doubtful accounts of $0	699	810
Prepaid expenses and other	585	220
Inventories	1,078	1,128
Notes receivable	12	12
Total current assets	6,430	4,915
PROPERTY AND EQUIPMENT:
Land and building	4,752	4,787
Leasehold improvements	33,044	32,393
Fixtures and equipment	28,355	27,597
Total property and equipment	66,151	64,777
Less accumulated depreciation and amortization	(35,663)	(29,100)
Total net property and equipment	30,488	35,677
OTHER ASSETS:
Operating lease right-of-use assets, net	50,898
Notes receivable, net of current portion	7	13
Deposits and other assets	216	199
Trademarks	3,900	3,900
Other intangibles, net	31	51
Goodwill	5,150	15,150
Total other assets	60,202	19,313
TOTAL ASSETS:	97,120	59,905
CURRENT LIABILITIES:
Current maturities of long-term debt	16,750
Accounts payable	3,096	3,774
Deferred income	79	79
Operating lease liabilities, current	4,634
Other accrued liabilities	3,397	5,375
Total current liabilities	27,956	9,228
LONG-TERM LIABILITIES:
Maturities of long-term debt due after one year		12,850
Operating lease liabilities, net of current portion	55,589
Deferred and other liabilities	286	8,907
Total long-term liabilities	55,875	21,757
Good Times Restaurants Inc. stockholders' equity:
Preferred stock, $.01 par value; 5,000,000 shares authorized, no shares issued and outstanding as of 03/31/20 and 9/24/19
Common stock, $.001 par value; 50,000,000 shares authorized, 12,591,028 and 12,541,082 shares issued and outstanding as of 03/31/20 and 09/24/19, respectively	13	13
Capital contributed in excess of par value	58,085	57,936
Treasury stock-at cost-shares 43,110 and 0, respectively	(75)
Accumulated deficit	(46,278)	(30,551)
Total Good Times Restaurants Inc. stockholders' equity	11,745	27,398
Non-controlling interests	1,544	1,522
Total stockholders' equity	13,289	28,920
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 97,120	$ 59,905

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2020	Sep. 24, 2019
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	12,591,028	12,541,082
Common stock, shares outstanding	12,591,028	12,541,082

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2020	Mar. 26, 2019	Mar. 31, 2020	Mar. 26, 2019
NET REVENUES:
Total net revenues	$ 26,182	$ 27,167	$ 56,996	$ 52,532
RESTAURANT OPERATING COSTS:
Food and packaging costs	7,620	7,903	16,652	15,426
Payroll and other employee benefit costs	9,874	10,228	21,693	19,781
Restaurant occupancy costs	2,212	2,165	4,650	4,130
Other restaurant operating costs	3,233	2,968	6,509	5,638
Preopening costs	159	193	961	820
Depreciation and amortization	1,113	1,089	2,192	2,123
Total restaurant operating costs	24,211	24,546	52,657	47,918
General and administrative costs	1,636	2,054	3,849	4,028
Advertising costs	510	542	1,056	1,165
Franchise costs	8	16	8	23
Impairment of goodwill	10,000		10,000
Impairment of long-lived assets	4,359		4,359
Gain on restaurant asset sale	(9)	(9)	(28)	(39)
INCOME (LOSS) FROM OPERATIONS	(14,533)	18	(14,905)	(563)
Other Expenses:
Interest expense, net	(209)	(199)	(436)	(359)
Other income		1
Total other expenses, net	(209)	(198)	(436)	(359)
NET LOSS	(14,742)	(180)	(15,341)	(922)
Income attributable to non-controlling interests	(174)	(270)	(386)	(579)
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS	$ (14,916)	$ (450)	$ (15,727)	$ (1,501)
BASIC AND DILUTED LOSS PER SHARE:
Net loss attributable to Common Shareholders	$ (1.19)	$ (0.04)	$ (1.25)	$ (0.12)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING
Basic and Diluted	12,583,643	12,522,778	12,590,549	12,513,844
Restaurant sales [Member]
NET REVENUES:
Total net revenues	$ 25,998	$ 26,954	$ 56,591	$ 52,101
Franchise revenues [Member]
NET REVENUES:
Total net revenues	$ 184	$ 213	$ 405	$ 431

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Treasury Stock	Common Stock [Member]	Capital Contributed in Excess of Par Value [Member]	Non-Controlling Interest In Partnerships [Member]	Accumulated Deficit [Member]	Total
BALANCES at Sep. 25, 2018		$ 12	$ 59,385	$ 3,238	$ (25,414)	$ 37,221
BALANCES, shares at Sep. 25, 2018		12,481,162
Stock-based compensation cost			112			112
Restricted stock unit vesting		$ 1				1
Restricted stock grant vesting, shares		40,949
Stock option exercise			3			3
Stock option exercise, shares		667
Non-controlling interests:
Income				309		309
Distributions				(478)		(478)
Net loss attributable to Good Times Restaurants Inc and comprehensive loss					(1,051)	(1,051)
BALANCES at Dec. 25, 2018		$ 13	59,500	3,069	(26,465)	36,117
BALANCES, shares at Dec. 25, 2018		12,522,778
BALANCES at Sep. 25, 2018		$ 12	59,385	3,238	(25,414)	$ 37,221
BALANCES, shares at Sep. 25, 2018		12,481,162
Stock option exercise, shares						667
BALANCES at Mar. 26, 2019		$ 13	57,438	2,143	(26,915)	$ 32,679
BALANCES, shares at Mar. 26, 2019		12,522,778
BALANCES at Dec. 25, 2018		$ 13	59,500	3,069	(26,465)	36,117
BALANCES, shares at Dec. 25, 2018		12,522,778
Stock-based compensation cost			109			109
Non-controlling interests:
Income				270		270
Distributions				(408)		(408)
Purchase of non-controlling interest			(2,171)	(788)		(2,959)
Net loss attributable to Good Times Restaurants Inc and comprehensive loss					(450)	(450)
BALANCES at Mar. 26, 2019		$ 13	57,438	2,143	(26,915)	32,679
BALANCES, shares at Mar. 26, 2019		12,522,778
BALANCES at Sep. 24, 2019		$ 13	57,936	1,522	(30,551)	28,920
BALANCES, shares at Sep. 24, 2019		12,541,082
Stock-based compensation cost			74			74
Restricted stock unit vesting
Restricted stock grant vesting, shares		76,643
Stock option exercise
Stock option exercise, shares		2,413
Non-controlling interests:
Treasury shares purchased	$ (75)					(75)
Treasury shares purchased, shares	43,110	(43,110)
Income				212		212
Contributions				22		22
Distributions				(291)		(291)
Net loss attributable to Good Times Restaurants Inc and comprehensive loss					(811)	(811)
BALANCES at Dec. 31, 2019	$ (75)	$ 13	58,010	1,465	(31,362)	28,051
BALANCES, shares at Dec. 31, 2019	43,110	12,577,028
BALANCES at Sep. 24, 2019		$ 13	57,936	1,522	(30,551)	$ 28,920
BALANCES, shares at Sep. 24, 2019		12,541,082
Stock option exercise, shares						15,646
Non-controlling interests:
Income						$ 386
Contributions						22
Distributions						(386)
BALANCES at Mar. 31, 2020	$ (75)	$ 13	58,085	1,544	(46,278)	13,289
BALANCES, shares at Mar. 31, 2020	43,110	12,591,028
BALANCES at Dec. 31, 2019	$ (75)	$ 13	58,010	1,465	(31,362)	28,051
BALANCES, shares at Dec. 31, 2019	43,110	12,577,028
Stock-based compensation cost			75			75
Restricted stock unit vesting
Restricted stock grant vesting, shares		14,000
Stock option exercise
Stock option exercise, shares						15,646
Non-controlling interests:
Income				174		$ 174
Contributions
Distributions				(95)		(95)
Net loss attributable to Good Times Restaurants Inc and comprehensive loss					(14,916)	(14,916)
BALANCES at Mar. 31, 2020	$ (75)	$ 13	$ 58,085	$ 1,544	$ (46,278)	$ 13,289
BALANCES, shares at Mar. 31, 2020	43,110	12,591,028

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Mar. 31, 2020	Mar. 26, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (15,341)	$ (922)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	2,287	2,248
Accretion of deferred rent		273
Amortization of lease incentive obligation		(242)
Amortization of operating lease assets	2,054
Increase in ROU assets	(30)
Impairment of goodwill	10,000
Impairment of long-lived assets	4,359
Stock-based compensation expense	149	221
Recognition of deferred gain on sale of restaurant building	(18)	(18)
Changes in operating assets and liabilities:
Receivables and other	448	1,138
Inventories	50	(22)
Deposits and other	(400)	(556)
Accounts payable	(144)	(32)
Deferred liabilities		368
Operating lease liabilities	(1,616)
Accrued and other liabilities	(2,002)	31
Net cash provided by (used in) operating activities	(204)	2,487
CASH FLOWS FROM INVESTING ACTIVITIES:
Payments for the purchase of property and equipment	(1,954)	(3,793)
Payments for the purchase of treasury stock	(75)
Payments for the purchase of non-controlling interests		(2,724)
Proceeds from the sale of fixed assets	2	8
Payments received from franchisees and others	6	7
Net cash used in investing activities	(2,021)	(6,502)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings on notes payable and long-term debt	5,300	6,150
Principal payments on notes payable and long-term debt	(1,400)	(1,330)
Proceeds from stock option exercise		3
Contributions from non-controlling interests	22
Distributions to non-controlling interests	(386)	(886)
Net cash provided by financing activities	3,536	3,937
NET CHANGE IN CASH AND CASH EQUIVALENTS	1,311	(78)
CASH AND CASH EQUIVALENTS, beginning of period	2,745	3,477
CASH AND CASH EQUIVALENTS, end of period	4,056	3,399
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid for interest	408	312
Change in accounts payable attributable to the purchase of property and equipment	(534)	(1,006)
Increase in accrued liabilities attributable to the purchase of Non-controlling interest		$ 285

Basis of Presentation

Basis of Presentation	6 Months Ended
	Mar. 31, 2020
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, Bad Daddy’s International, LLC (“BDI”), BD of Colorado, LLC (“BD of Colo”), Bad Daddy’s Franchise Development, LLC (“BDFD”), and Good Times Drive Thru, Inc. (“Drive Thru”), (together referred to as the “Company”, “we” or “us”). All significant intercompany balances and transactions have been eliminated in consolidation. BD of Colo was formed by Good Times Restaurants Inc. in 2013 to develop Bad Daddy’s Burger Bar restaurants in the state of Colorado. Subsequently, BDI and BDFD were acquired by Good Times Restaurants Inc. on May 7, 2015. Combined, these entities compose our Bad Daddy’s operating segment, which as of March 31, 2020, operates thirty-two company-owned and five joint-venture full-service small-box casual dining restaurants under the name Bad Daddy’s Burger Bar, primarily located in Colorado and in the Southeast region of the United States, franchises one restaurant in South Carolina, and licenses the Bad Daddy’s brand for use at an airport Bad Daddy’s restaurant under third-party operations and ownership. Drive Thru commenced operations in 1986 and as of March 31, 2020, operates eighteen Company-owned and seven joint-venture drive-thru fast food hamburger restaurants under the name Good Times Burgers & Frozen Custard, all of which are located in Colorado. In addition, Drive Thru has eight franchisee-owned restaurants, with six operating in Colorado and two in Wyoming. 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 31, 2020 and the results of its operations and its cash flows for the two fiscal quarters ended March 31, 2020 and March 26, 2019. Operating results for the two fiscal quarters ended March 31, 2020 are not necessarily indicative of the results that may be expected for the year ending September 29, 2020. The condensed consolidated balance sheet as of September 24, 2019 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 24, 2019. Fiscal Year Advertising Costs Reclassification COVID-19 The global crisis resulting from the spread of COVID-19 had a substantial impact on our restaurant operations for the 13-week and 27-week periods ended March 31, 2020. During portions of the month of March 2020, all of the Company’s Bad Daddy’s Burger Bar restaurants were open only for delivery and carry-out service, with dining rooms closed by government orders. Additionally, our Good Times Burgers and Frozen Custard restaurants experienced reduced volumes during the month of March 2020. Our operating results substantially depend upon our ability to drive traffic to our restaurants, and for our Bad Daddy’s Burger Bar restaurants, to serve guests in our dining rooms. We cannot currently estimate the duration of the impact of the COVID-19 pandemic on our business, however we expect that the impact to our results from operations for the 13-week period ended June 30, 2020 will be more significant than the impact for the 13-week period ended March 31, 2020. Additionally, in connection with spread of COVID-19, there have been disruptions in various food supply chains in the United States. Our operating results substantially depend upon our ability to obtain sufficient quantities of products such as beef, bacon, and other products used in the production of items served and sold to our guests. Ongoing impacts of the COVID-19 pandemic could result in product shortages and in-turn could require us to serve a limited menu, restrict number of items purchased per guest, or close some or all of our restaurants for an indeterminate period of time. Ongoing material adverse impacts from the COVID-19 pandemic could result in reduced revenue and cash flow and could affect our assessments of impairment of intangible assets, long-lived assets, or goodwill. In addition, while we have taken actions to manage our liquidity position in response to COVID-19, we may need to seek additional sources of liquidity. The COVID-19 pandemic is adversely affecting the availability of liquidity generally in the credit markets, and there can be no guarantee that additional liquidity will be available on favorable terms, or at all, especially the longer the COVID-19 pandemic lasts or if it were to reoccur.

Updates to Significant Accounti

Updates to Significant Accounting Policies	6 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Updates to Significant Accounting Policies	Note 2. Updates to Significant Accounting Policies Leases On September 25, 2019, the first day of fiscal year 2020, the Company adopted the Financial Accounting Standards Board ("FASB") Accounting Standards Update ("ASU") 2016-02, "Leases (Topic 842)." As a result, the Company updated its significant accounting policy for leases. For the impact of the adoption on the Company's consolidated financial statements see Note 3, Recent Accounting Pronouncements and for additional information about our lease arrangements see Note 10, Leases in the notes to our unaudited condensed consolidated financial statements. The Company determines if a contract contains a lease at inception. The Company's material long-term operating lease agreements are for the land and buildings for our restaurants as well as our corporate office. The lease term begins on the date that the Company takes possession under the lease, including the pre-opening period during construction, when in most cases the Company is not making rent payments (“Rent Holiday”). Operating lease assets and liabilities are recognized at the lease commencement date for material leases with a term of greater than 12 months. Operating lease liabilities represent the present value of future minimum lease payments. Since our leases do not provide an implicit rate, our operating lease liabilities are calculated using our estimated incremental borrowing rate based on a collateralized borrowing over the term of each individual lease. Minimum lease payments include only fixed lease components of the agreement, as well as variable rate payments that depend on an index, initially measured using the index at the lease commencement date. Operating lease assets represent our right to use an underlying asset and are based upon the operating lease liabilities adjusted for prepaid or accrued lease payments, initial direct costs and lease incentives. Lease incentives are recognized when earned and reduce our operating lease asset related to the lease. They are amortized through the operating lease assets as reductions of rent expense over the lease term. Operating lease expense is recognized on a straight-line basis over the lease term. Certain of the Company’s operating leases contain clauses that provide for contingent rent based on a percentage of sales greater than certain specified target amounts. Variable lease payments that do not depend on a rate or index, escalation in the index subsequent to the initial measurement, payments associated with non-lease components such as common area maintenance, real estate taxes and insurance, and short-term lease payments (leases with a term with 12 months or less) are expensed as incurred or when the achievement of the specified target that triggers the contingent rent is considered probable.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Mar. 31, 2020
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	Note 3. Recent Accounting Pronouncements Leases The Company adopted ASU 2016-02 Leases (Topic 842) on September 25, 2019, the first day of fiscal year 2020. This update requires a lessee to recognize on the balance sheet the right-of-use assets and lease liabilities for leases with a lease term of more than twelve months. This update also requires additional disclosures about the amount, timing, and uncertainty of cash flows arising from leases. This standard is effective for interim and annual periods beginning after December 15, 2018. We elected the optional transition method option to apply the standard as of the effective date and therefore, we will not apply the standard to the comparative periods presented in our consolidated financial statements. The adoption of this standard had a significant impact on the Company’s consolidated balance sheet as we recognized the right-of-use assets and lease liabilities for our operating leases. The adoption had an immaterial impact on the condensed consolidated statement of operations, cash flows and overall liquidity. We elected to utilize the three practical expedients permitted within the standard, which eliminates the requirement to reassess the conclusions about historical lease identifications, lease classifications, and initial direct costs. We did not elect the hindsight practical expedient, which permits the use of hindsight when determining lease terms and impairments of right-of-use assets. Additionally, we elected to utilize the short-term lease exception policy, which allows us to not apply the recognition requirements of this standard to leases with a term of 12 months or less. The effect of the changes made to the Company's condensed consolidated balance sheet as of September 25, 2019 for the adoption of ASU 2016-02 Leases (Topic 842) are as follows: (Tabular dollar amounts in thousands) Assets September 24, 2019 Adoption of Leases September 25, 2019 Non-current assets: Operating lease assets - 51,165 51,165 Liabilities Current Liabilities: Operating lease liability - 4,346 4,346 Non-current liabilities: Accrued deferred rent 2,881 (2,881 ) - Deferred lease incentives 5,698 (5,698 ) - Operating lease liabilities, - 55,398 55,398 The Company reviewed all other recently issued accounting pronouncements and concluded that they were either not applicable or not expected to have a significant impact on the Company's consolidated financial statements.

Revenue

Revenue	6 Months Ended
	Mar. 31, 2020
Revenue from Contract with Customer [Abstract]
Revenue	Note 4. Revenue Revenue Recognition Revenues consist primarily of sales from restaurant operations; franchise revenue, which includes franchisee contributions to advertising funds. Revenues associated with gift card breakage are immaterial to our financials. The Company recognizes revenue, pursuant to the new and updated standards, when it satisfies a performance obligation by transferring control over a product or service to a customer, typically a restaurant customer or a franchisee/licensee. The Company recognizes revenues in the form of restaurant sales at the time of the sale when payment is made by the customer, as the Company has completed its performance obligation, namely the provision of food and beverage, and the accompanying customer service, during the customer’s visit to the restaurant. The Company sells gift cards to customers and recognizes revenue from gift cards primarily in the form of restaurant revenue. Gift Card breakage, which is recognized when the likelihood of a gift card being redeemed is remote, is determined based upon the Company’s historic redemption patterns, and is immaterial to our overall financial statements. Revenues we receive from our franchise and license agreements include sales-based royalties, and from our franchise agreements also may include advertising fund contributions, area development fees, and franchisee fees. We recognize sales-based royalties from franchisees and licensees as the underlying sales occur. We similarly recognize advertising fund contributions from franchisees as the underlying sales occur. The Company also provides its franchisees with services associated with opening new restaurants and operating them under franchise and development agreements in exchange for area development and franchise fees. The Company would capitalize these fees upon receipt from the franchisee and then would amortize those over the contracted franchise term as the services comprising the performance obligations are satisfied. We have not received material development or franchise fees in the years presented, and the primary performance obligations under existing franchise and development agreements have been satisfied prior to the earliest period presented in our financial statements.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Note 5. Goodwill and Intangible Assets The following table presents goodwill and intangible assets as of March 31, 2020 and September 24, 2019 (in thousands): March 31, 2020 September 24, 2019 Gross Amount Accumulated Amortization Net Amount Gross Amount Accumulated Amortization Net Amount Intangible assets subject to Franchise rights $ 116 $ (116 ) $ - $ 116 $ (104 ) $ 12 Non-compete agreements 50 (19 ) 31 65 (26 ) 39 166 (135 ) 31 181 (130 ) 51 Indefinite-lived intangible Trademarks 3,900 - 3,900 3,900 - 3,900 Intangible assets, net $ 4,066 $ (135 ) $ 3,931 $ 4,081 $ (130 ) $ 3,951 Goodwill $ 5,150 $ - $ 5,150 $ 15,150 $ - $ 15,150 As discussed further in Note 11, the Company recorded a $10,000,000 impairment to goodwill in the second fiscal quarter of 2020 related to goodwill attributable to its Bad Daddy’s reporting unit. There were no impairments to intangible assets during the two quarters ended March 31, 2020. The aggregate amortization expense related to these intangible assets subject to amortization was $20,000 for the two quarters ended March 31, 2020. The estimated aggregate future amortization expense as of March 31, 2020 is as follows (in thousands): Remainder of 2020 $ 8 2021 17 2022 6 $ 31

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Mar. 31, 2020
Share-based Payment Arrangement [Abstract]
Stock-Based Compensation	Note 6. Stock-Based Compensation The Company has traditionally maintained incentive compensation plans that include provision for the issuance of equity-based awards. The Company established the 2008 Omnibus Equity Incentive Compensation Plan in 2008 (the “2008 Plan”) and has outstanding awards that were issued under the 2008 Plan. Subsequently, the 2008 Plan expired in 2018 and the Company established a new plan, the 2018 Omnibus Equity Incentive Plan (the “2018 Plan”) during the third fiscal quarter of 2018, pursuant to shareholder approval. Future awards will be issued under the 2018 plan. 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 31, 2020 and March 26, 2019 includes $149,000 and $221,000, 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 quarter ended March 31, 2020. 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 31, 2020, there were no incentive stock options granted. During the two quarters ended March 26, 2019, the Company granted a total of 99,832 incentive stock options, from available shares under its 2018 Plan, with exercise prices between $4.66 and $5.00 and per-share weighted average fair values between $2.68 and $3.16. 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: Quarter Ended March 26, 2019 Expected term (years) 7.5 Expected volatility 70.65% to 70.80% Risk-free interest rate 3.01% to 3.10% Expected dividends - 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 quarter ended March 31, 2020 under all plans: Shares Weighted Weighted Avg. Outstanding at beginning of year 703,164 $ 3.53 Options exercised (15,646 ) $ 1.48 Forfeited (45,963 ) $ 3.78 Expired (8,579 ) $ 3.45 Outstanding March 31, 2020 632,976 $ 3.56 5.6 Exercisable March 31, 2020 457,872 $ 3.37 4.7 As of March 31, 2020, the aggregate intrinsic value of the outstanding and exercisable options was $3,000 and $3,000, 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 31, 2020, the total remaining unrecognized compensation cost related to non-vested stock options was $243,000 and is expected to be recognized over a weighted average period of approximately 1.9 years. There were 15,646 stock options exercised that resulted in an issuance of 2,413 shares during the two quarters ended March 31, 2020 with no proceeds in conjunction with the termination of the Company’s CEO pursuant to a severance and separation agreement. There were 667 stock options exercised during the two quarters ended March 26, 2019 with proceeds of approximately $3,000. Restricted Stock Units During the two quarters ended March 31, 2020, the Company granted a total of 60,336 restricted stock units from available shares under its 2018 Plan. 46,336 shares were issued with a grant date fair market value of $1.54 which is equal to the closing price of the stock on the date of the grant, these restricted stock units vest three years following the grant date. 14,000 shares were issued with a grant date fair market value of $1.67 which is equal to the closing price of the stock on the date of the grant, these restricted stock units vested on their grant date. During the two quarters ended March 26, 2019, the Company granted a total of 79,988 shares of restricted stock from available shares under its 2008 Plan, as amended. The shares were issued with a grant date fair market value of $3.95 which is equal to the closing price of the stock on the date of the grant. The restricted stock grant vests over three years following the grant date. A summary of the status of non-vested restricted stock as of March 31, 2020 is presented below. Shares Grant Date Fair Non-vested shares at beginning of year 165,275 $2.70 to $3.95 Granted 60,336 $1.54 to $1.67 Forfeited (8,992 ) $3.55 to $3.95 Vested (100,499 ) $1.67 to $4.18 Non-vested shares at March 31, 2020 116,120 $2.70 to $4.18 As of March 31, 2020, there was $244,000 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 years.

Notes Payable and Long-Term Deb

Notes Payable and Long-Term Debt	6 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Notes Payable and Long-Term Debt	Note 7. Notes Payable and Long-Term Debt Cadence Credit Facility The Company maintains a credit agreement with Cadence Bank (“Cadence”) pursuant to which, as amended, Cadence agreed to loan the Company up to $17,000,000 with a maturity date of December 31, 2021 (the “Cadence Credit Facility”). On February 21, 2019, the Cadence Credit Facility was amended, in connection with the repurchase of minority interests related to three Bad Daddy’s restaurants, to retroactively attribute EBITDA previously attributed to non-controlling interests to the Company for purposes of certain financial covenants. On December 9, 2019, the Cadence Credit Facility was amended in connection with the separation of the Company’s former CEO, to amend the definition of “Consolidated EBITDA” for the purposes of financial covenants, to require certain installment payments, and to permit the company to make “Restricted Payments” (as defined in the Cadence Credit Facility) in the form of repurchases or redemptions of certain equity interests of the Company from former directors and officers of the Company in an aggregate amount not to exceed $100,000. As amended by the various amendments, 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, as amended, bear interest at a variable rate based upon the Company’s election of (i) 2.5% 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 0.250% floor, plus 3.5%. 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 31, 2020, the weighted average interest rate applicable to borrowings under the Cadence Credit Facility was 4.531%. As a result of entering into the Cadence Credit Facility and various amendments, the Company has paid loan origination costs including professional fees of approximately $292,000 since the inception of the credit facility 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 31, 2020, the outstanding balance on borrowings against the facility was $16,750,000. Availability of the Cadence Credit Facility for borrowings is reduced by the outstanding face value of any letters of credit issued under the facility. As of March 31, 2020, the outstanding face value of such letters of credit was $157,500. Principal payments on the Cadence Credit Facility are required beginning on March 31, 2020 in $250,000 installments on the last business day each of March, June, September, and December in each calendar year. The total loan commitment is permanently reduced by the corresponding amount of each such repayment on such date. New borrowings are permitted up to the amount of the loan commitment. The note matures and is due in its entirety on December 31, 2021. The Cadence Credit Facility, as amended, 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 $2,000,000. As of March 31, 2020, the Company was in compliance with the minimum fixed charge coverage ratio and liquidity covenants under the Cadence Credit Facility but was not in compliance with the maximum leverage ratio covenant. On April 14, 2020, Good Times Restaurants Inc. (the “Borrower”) and each of its wholly-owned subsidiaries, as guarantors, entered into a Consent and Forbearance Agreement effective March 31, 2020 (the “Forbearance Agreement”) with respect to the Cadence Credit Facility. The Borrower informed Cadence that certain events of default may occur as a result of Borrower’s failure to comply with certain financial covenants for the fiscal quarter ended on or about March 31, 2020 (collectively, the “Potential Events of Default”). Pursuant to the terms of the Forbearance Agreement, during the Forbearance Period (as defined below), Cadence agreed to forbear from exercising any available rights and remedies under the Cadence Credit Facility to the extent such rights and remedies arise exclusively as a result of the Potential Events of Default. Further, Cadence agreed that it will consent to the Borrower’s request to defer the principal payment (the “Payment Deferral”) on the loans due on March 31, 2020 until the Maturity Date (as defined in the Cadence Credit Facility). The forbearance period (the “Forbearance Period”) will expire on the earliest to occur of (a) any default or event of default other than the Potential Events of Default, (b) the breach by the Borrower or any guarantor of any covenant or provisions of the Forbearance Agreement; and (c) 11:59 p.m. (Eastern time) on June 30, 2020. Although Cadence is forbearing from exercising certain remedies and rights through June 30, 2020 pursuant to the Forbearance Agreement, the Company expects further forbearance will be required at the expiration of the Forbearance Period due to the negative financial impacts of COVID-19. While the Company believes that it will be able to successfully negotiate further forbearance terms with Cadence at that time, no assurances can be made. As such, consistent with ASC 470, the Company has classified the entire outstanding balance on the Cadence Credit Facility as current.

Net Income (Loss) per Common Sh

Net Income (Loss) per Common Share	6 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Net Income (Loss) per Common Share	Note 8. 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 units for 749,096 and 892,766 shares of common stock were not included in computing diluted EPS for the two quarters ended March 31, 2020 and March 26, 2019, respectively, because their effects were anti-dilutive.

Contingent Liabilities and Liqu

Contingent Liabilities and Liquidity	6 Months Ended
	Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Contingent Liabilities and Liquidity	Note 9. 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. The Company and a third-party are both primary tenants on a lease related to a former Good Times restaurant. The third-party has an agreement with the Company to pay all amounts due under this lease. The third party operated the restaurant under a franchise agreement and is also a current franchisee of another Good Times restaurant and is the non-controlling partner in seven joint-venture Good Times restaurants. The Company performs accounting services for the third-party and has direct visibility to its financial position and credit worthiness. Based upon its assessment of such, the Company has not recorded any liability associated with this obligation as it does not expect to be required to pay any amount on the obligation. Additionally, in the normal course of business, there may be various claims in process, matters in litigation, and other contingencies brought against the company by employees, vendors, customers, franchisees, or other parties. Evaluating these contingencies is a complex process that may involve substantial judgment on the potential outcome of such matters, and the ultimate outcome of such contingencies may differ from our current analysis. We review the adequacy of accruals and disclosures related to such contingent liabilities in consultation with legal counsel. While it is not possible to predict the outcome of these claims with certainty, it is management’s opinion that potential losses associated with such contingencies would be immaterial to our financial statements.

Leases

Leases	6 Months Ended
	Mar. 31, 2020
Lessee Disclosure [Abstract]
Leases	Note 10. Leases The Company determines if a contract contains a lease at inception. The Company's material long-term operating lease agreements are for the land and buildings for our restaurants as well as our corporate office. The initial lease terms range from 10 years to 20 years, most of which include renewal options of 10 to 15 years. The lease term is generally the minimum of the noncancelable period or the lease term including renewal options which are reasonably certain of being exercised up to a term of approximately 20 years. Some of the leases provide for base rent, plus additional rent based on gross sales, as defined in each lease agreement. The Company is also generally obligated to pay certain real estate taxes, insurance and common area maintenance charges, and various other expenses related to properties, which are expensed as incurred. Components of operating lease costs are as follows for the fiscal quarter ended March 31, 2020: Lease cost Classification Total Operating lease cost Occupancy, Other restaurant operating costs and $ 1,836 Variable lease cost Occupancy 20 Sublease income Occupancy (130 ) $ 1,726 Components of operating lease costs are as follows for the two fiscal quarters ended March 31, 2020: Lease cost Classification Total Operating lease cost Occupancy, Other restaurant operating costs and $ 3,770 Variable lease cost Occupancy 40 Sublease income Occupancy (230 ) $ 3,580 Weighted average lease term and discount rate are as follows: March 31, 2020 Weighted average remaining lease term (in years) 10.8 Weighted average discount rate 5.0% Supplemental cash flow disclosures for the two fiscal quarters ended March 31, 2020: March 31, 2020 Cash paid for operating lease liabilities $ 3,504 Non-cash operating lease assets obtained in exchange for $ 2,095 Supplemental balance sheet disclosures: March 31, 2020 Right-of-use assets Operating lease assets $ 50,898 Current lease liabilities Operating lease liability $ 4,634 Non-current lease liabilities Operating lease liability, less current portion 55,589 Total lease liabilities $ 60,223 Future minimum rent payments for our operating leases for each of the next five years as of March 31, 2020 are as follows: Fiscal year ending: Total Remainder of 2020 $ 3,817 2021 7,491 2022 7,456 2023 7,547 2024 7,504 Thereafter 44,985 Total minimum lease payments 78,800 Less: imputed interest (18,577 ) Present value of lease liabilities $ 60,223 As previously disclosed in our 2019 Annual Report on Form 10-K and under the previous lease accounting, future minimum rent payments for our operating leases for each of the next five years and in total are as follows as of September 24, 2019: Fiscal year ending: Total 2020 $ 7,256 2021 6,884 2022 6,677 2023 6,348 2024 5,928 Thereafter 18,988 Total minimum lease payments 52,081 Less: sublease rentals (1,058 ) Net minimum lease payments $ 51,023 The above future minimum rental amounts exclude the amortization of deferred lease incentives, renewal options that are not reasonably assured of renewal, and contingent rent. The Company generally has escalating rents over the term of the leases and records rent expense on a straight-line basis.

Impairment of Long-Lived Assets

Impairment of Long-Lived Assets and Goodwill	6 Months Ended
	Mar. 31, 2020
Goodwill and Intangible Asset Impairment [Abstract]
Impairment of Long-Lived Assets and Goodwill	Note 11. Impairment of Long-Lived Assets and Goodwill Long-Lived Assets. Given the results of our analysis at September 24, 2019, we identified five restaurants where the expected future cash flows would not be sufficient to recover the carrying value of the associated assets. Two of these restaurants are Good Times restaurants in the greater Denver metropolitan area. We recorded a non-cash charge of $391,000, related to the impairment of these restaurants in the fiscal quarter ending September 24, 2019. In July of 2019, the Company entered into a sublease agreement for one of these two restaurants whereby the Company, upon lease commencement subject to due diligence provisions, will receive sublease income substantially equal to its cash lease costs associated with this location. We continued to operate the restaurant until December 31, 2019, the tenant took possession on January 1, 2020 and we expect the sublease to commence in late May 2020. Three of these restaurants are Bad Daddy’s restaurants, two in the Denver/front-range communities of Colorado and Greenville, South Carolina. We recorded non-cash charges of $2,380,000 related to the impairment of these restaurants during the fiscal quarter ending September 24, 2019. Given the results of our analysis at March 31, 2020, we identified five additional restaurants where the expected future cash flows would not be sufficient to recover the carrying value of the associated assets. The restaurants are all Bad Daddy’s restaurants, two in North Carolina and one each in Tennessee, Georgia and Colorado. We recorded non-cash charges of $4,359,000 related to the impairment of these restaurants during the quarter ending March 31, 2020. There were no impairments in the two fiscal quarters ending March 26, 2019. Trademarks. Goodwill. In March 2020, the outbreak of the COVID-19 pandemic prompted authorities in most jurisdictions where the Company operates to issue stay-at-home orders, leading to an unexpected significant disruption to the Company's business requiring the Company to close its restaurant dining rooms and operate its Bad Daddy’s restaurants under a delivery and carry-out model. As such, the consequences of the outbreak of the COVID-19 pandemic coupled with a sustained decline in the Company's stock price were determined to be indicators of impairment for its Bad Daddy’s reporting unit. As such, using Level 3 inputs, the Company performed a quantitative goodwill impairment assessment using both the discounted cash flow method and guideline public company method to determine the fair value of its reporting unit. Significant assumptions and estimates used in determining fair value include future revenues, operating costs, working capital changes, capital expenditures, and a discount rate that approximates the Company's weighted average cost of capital. Based on the quantitative assessment, the Company determined that the fair value of its reporting unit was less than its carrying value and recognized a non-cash goodwill impairment charge of $10.0 million, equal to the excess of the Bad Daddy’s reporting unit's carrying value above its fair value. No goodwill impairment charges were recognized related to goodwill attributable to it’s Good Times reporting unit. Changes in the carrying amount of goodwill for the two quarters ended March 31, 2020 are as follows (in thousands): Total Goodwill Balance as of September 24, 2019 $ 15,150 Impairment of Goodwill (10,000 ) Balance as of March 31, 2020 5,150

Income Taxes

Income Taxes	6 Months Ended
	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Note 12. 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 31, 2020 and March 26, 2019. These losses resulted in an increase in the related deferred tax assets; however, full valuation allowances were made which reduced these deferred tax assets to zero; therefore, no income tax provision or benefit was recognized for the quarter ended March 31, 2020 and March 26, 2019 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 2016 through 2019. 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 31, 2020.

Non-controlling Interests

Non-controlling Interests	6 Months Ended
	Mar. 31, 2020
Noncontrolling Interest [Abstract]
Non-controlling Interests	Note 13. 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 quarter ended March 31, 2020 (in thousands): Bad Daddy’s Good Times Total Balance at September 24, 2019 $ 1,190 $ 332 $ 1,522 Income 245 141 386 Contributions 22 - 22 Distributions (187 ) (199 ) (386 ) Balance at March 31, 2020 $ 1,270 $ 274 $ 1,544 Our non-controlling interests consist of one joint-venture partnership involving seven Good Times restaurants and five joint-venture partnerships involving five Bad Daddy’s restaurants.

Subsequent Events

Subsequent Events	6 Months Ended
	Mar. 31, 2020
Subsequent Events [Abstract]
Subsequent Events	Note 14. Subsequent Events Nasdaq Listing. In addition, due to the current extraordinary economic conditions, Nasdaq has tolled the compliance period through June 30, 2020 (the “Tolling Period”) which extends the time for the Company to regain compliance to December 28, 2020. If at any time during the Tolling Period or the 180-day period (beginning July 1, 2020), the closing bid price of the Company’s common stock is at least $1.00 for a minimum of 10 consecutive business days, Nasdaq will provide the Company written confirmation of compliance with the minimum bid price rule and the matter will be closed. If the Company does not regain compliance before December 28, 2020, the Company may be eligible for an additional 180 calendar days, provided the Company meets the continued listing requirement for market value of publicly held shares and all other initial listing standards, except for the minimum bid price requirement, and will need to provide written notice to Nasdaq of its intention to cure the deficiency during the second compliance period. If the Company does not regain compliance within the allotted compliance period(s), including any extensions that may be granted by Nasdaq, Nasdaq will provide notice that the Company’s common stock will be subject to delisting. The Company would then be entitled to appeal the Nasdaq staff’s determination to a Nasdaq Healings Panel. The Company will continue to actively monitor the closing bid price of its common stock and will evaluate available options to resolve the deficiency and regain compliance with the minimum bid price rule. There can be no assurance that the Company will be able to regain compliance with the Rule and thereby to maintain the listing of its common stock on the Nasdaq Capital Market. Paycheck Protection Program Loans. The Loans are evidenced by individual promissory notes of each of the Borrowers dated April 29, 2020 executed by each Borrower on May 7, 2020 (together, the “Notes”) in favor of the Lender which Notes bear interest at the rate of 1.00% per annum. All or a portion of the Loans may be forgiven by the SBA upon application by the Borrowers accompanied by documentation of expenditures in accordance with SBA requirements under the PPP, which includes employees being kept on the payroll for eight weeks after the date of the Loans and the proceeds of such Loans being used for payroll, rent, mortgage interest or utilities. The SBA and the Treasury continue to develop and issue new and updated guidance regarding the PPP loan application process, including guidance regarding required borrower certifications and requirements for forgiveness of loans made under the PPP. The Company continues to track the guidance as it is released and assess and re-assess various aspects of its application as necessary based on the guidance. However, in the absence of final guidance or regulations and based on the Company’s projected ability to use the loan proceeds for qualifying expenses, the Company cannot give any assurance that the Loans will be forgivable in whole or in part. In the event that any portion of the Loans are not forgiven in accordance with the PPP, following a deferral period that ends November 2, 2020, the Company will be required to pay the Lender monthly payments of principal and interest to repay the PPP Loan in full on or before April 29, 2022. The Loans may be prepaid by the Company at any time prior to maturity with no prepayment penalties. The Notes contain certifications and agreements related to the PPP, as well as customary default and other provisions.

Segment Reporting

Segment Reporting	6 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
Segment Reporting	Note 15. Segment Reporting All of our Bad Daddy’s Burger Bar restaurants (Bad Daddy’s) compete in the full-service upscale casual dining industry while our Good Times Burgers and Frozen Custard restaurants (Good Times) compete in the quick-service drive-through 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 Year-to-Date March 31, 2020 March 26, 2019 March 31, 2020 March 26, 2019 Revenues Bad Daddy’s $ 19,369 $ 20,474 $ 42,271 $ 38,815 Good Times 6,813 6,693 14,725 13,717 $ 26,182 $ 27,167 $ 56,996 $ 52,532 Income (loss) from Bad Daddy’s $ (14,515 ) $ 374 $ (15,000 ) $ (194 ) Good Times 45 (219 ) 209 (145 ) Corporate (63 ) (137 ) (114 ) (224 ) $ (14,533 ) $ 18 $ (14,905 ) $ (563 ) Capital expenditures Bad Daddy’s $ 264 $ 632 $ 1,841 $ 3,118 Good Times 72 241 87 629 Corporate 5 2 26 46 $ 341 $ 875 $ 1,954 $ 3,793 March 31, 2020 September 24, 2019 Property and equipment, net Bad Daddy’s $ 25,710 $ 30,479 Good Times 4,523 4,890 Corporate 255 308 $ 30,488 $ 35,677

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements (Tables)	6 Months Ended
	Mar. 31, 2020
Accounting Changes and Error Corrections [Abstract]
Schedule of Adoption of ASU 2016-02 Leases	The effect of the changes made to the Company's condensed consolidated balance sheet as of September 25, 2019 for the adoption of ASU 2016-02 Leases (Topic 842) are as follows: (Tabular dollar amounts in thousands) Assets September 24, 2019 Adoption of Leases September 25, 2019 Non-current assets: Operating lease assets - 51,165 51,165 Liabilities Current Liabilities: Operating lease liability - 4,346 4,346 Non-current liabilities: Accrued deferred rent 2,881 (2,881 ) - Deferred lease incentives 5,698 (5,698 ) - Operating lease liabilities, - 55,398 55,398

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill and Intangible Assets	The following table presents goodwill and intangible assets as of March 31, 2020 and September 24, 2019 (in thousands): March 31, 2020 September 24, 2019 Gross Amount Accumulated Amortization Net Amount Gross Amount Accumulated Amortization Net Amount Intangible assets subject to Franchise rights $ 116 $ (116 ) $ - $ 116 $ (104 ) $ 12 Non-compete agreements 50 (19 ) 31 65 (26 ) 39 166 (135 ) 31 181 (130 ) 51 Indefinite-lived intangible Trademarks 3,900 - 3,900 3,900 - 3,900 Intangible assets, net $ 4,066 $ (135 ) $ 3,931 $ 4,081 $ (130 ) $ 3,951 Goodwill $ 5,150 $ - $ 5,150 $ 15,150 $ - $ 15,150
Schedule of Estimated Aggregate Future Amortization Expense For Finite-Lived Intangible Assets	The estimated aggregate future amortization expense as of March 31, 2020 is as follows (in thousands): Remainder of 2020 $ 8 2021 17 2022 6 $ 31

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Mar. 31, 2020
Share-based Payment Arrangement [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: Quarter Ended March 26, 2019 Expected term (years) 7.5 Expected volatility 70.65% to 70.80% Risk-free interest rate 3.01% to 3.10% Expected dividends -
Summary of Stock Option Activity Under Share Based Compensation Plan	The following table summarizes stock option activity for the quarter ended March 31, 2020 under all plans: Shares Weighted Weighted Avg. Outstanding at beginning of year 703,164 $ 3.53 Options exercised (15,646 ) $ 1.48 Forfeited (45,963 ) $ 3.78 Expired (8,579 ) $ 3.45 Outstanding March 31, 2020 632,976 $ 3.56 5.6 Exercisable March 31, 2020 457,872 $ 3.37 4.7
Schedule of Non-vested Restricted Stock Activity	A summary of the status of non-vested restricted stock as of March 31, 2020 is presented below. Shares Grant Date Fair Non-vested shares at beginning of year 165,275 $2.70 to $3.95 Granted 60,336 $1.54 to $1.67 Forfeited (8,992 ) $3.55 to $3.95 Vested (100,499 ) $1.67 to $4.18 Non-vested shares at March 31, 2020 116,120 $2.70 to $4.18

Leases (Tables)

Leases (Tables)	6 Months Ended
	Mar. 31, 2020
Lessee Disclosure [Abstract]
Schedule of Components of Lease Expense	Components of operating lease costs are as follows for the fiscal quarter ended March 31, 2020: Lease cost Classification Total Operating lease cost Occupancy, Other restaurant operating costs and $ 1,836 Variable lease cost Occupancy 20 Sublease income Occupancy (130 ) $ 1,726 Components of operating lease costs are as follows for the two fiscal quarters ended March 31, 2020: Lease cost Classification Total Operating lease cost Occupancy, Other restaurant operating costs and $ 3,770 Variable lease cost Occupancy 40 Sublease income Occupancy (230 ) $ 3,580
Schedule of Weighted Average Lease Term and Discount Rate	Weighted average lease term and discount rate are as follows: March 31, 2020 Weighted average remaining lease term (in years) 10.8 Weighted average discount rate 5.0%
Schedule of Supplemental Cash Flow Information Related to Leases	Supplemental cash flow disclosures for the two fiscal quarters ended March 31, 2020: March 31, 2020 Cash paid for operating lease liabilities $ 3,504 Non-cash operating lease assets obtained in exchange for $ 2,095
Schedule of Supplemental Balance Sheet Information Related to Leases	Supplemental balance sheet disclosures: March 31, 2020 Right-of-use assets Operating lease assets $ 50,898 Current lease liabilities Operating lease liability $ 4,634 Non-current lease liabilities Operating lease liability, less current portion 55,589 Total lease liabilities $ 60,223
Schedule of Future Minimum Rent Payments Related to Operating Leases	Future minimum rent payments for our operating leases for each of the next five years as of March 31, 2020 are as follows: Fiscal year ending: Total Remainder of 2020 $ 3,817 2021 7,491 2022 7,456 2023 7,547 2024 7,504 Thereafter 44,985 Total minimum lease payments 78,800 Less: imputed interest (18,577 ) Present value of lease liabilities $ 60,223 As previously disclosed in our 2019 Annual Report on Form 10-K and under the previous lease accounting, future minimum rent payments for our operating leases for each of the next five years and in total are as follows as of September 24, 2019: Fiscal year ending: Total 2020 $ 7,256 2021 6,884 2022 6,677 2023 6,348 2024 5,928 Thereafter 18,988 Total minimum lease payments 52,081 Less: sublease rentals (1,058 ) Net minimum lease payments $ 51,023

Impairment of Long-Lived Asse_2

Impairment of Long-Lived Assets and Goodwill (Tables)	6 Months Ended
	Mar. 31, 2020
Goodwill and Intangible Asset Impairment [Abstract]
Schedule of goodwill	Changes in the carrying amount of goodwill for the two quarters ended March 31, 2020 are as follows (in thousands): Total Goodwill Balance as of September 24, 2019 $ 15,150 Impairment of Goodwill (10,000 ) Balance as of March 31, 2020 5,150

Non-controlling Interests (Tabl

Non-controlling Interests (Tables)	6 Months Ended
	Mar. 31, 2020
Noncontrolling Interest [Abstract]
Schedule of Noncontrolling Interest	The following table summarizes the activity in non-controlling interests during the quarter ended March 31, 2020 (in thousands): Bad Daddy’s Good Times Total Balance at September 24, 2019 $ 1,190 $ 332 $ 1,522 Income 245 141 386 Contributions 22 - 22 Distributions (187 ) (199 ) (386 ) Balance at March 31, 2020 $ 1,270 $ 274 $ 1,544

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
Schedule of Reportable Segments	The following tables present information about our reportable segments for the respective periods (in thousands): Quarter Ended Year-to-Date March 31, 2020 March 26, 2019 March 31, 2020 March 26, 2019 Revenues Bad Daddy’s $ 19,369 $ 20,474 $ 42,271 $ 38,815 Good Times 6,813 6,693 14,725 13,717 $ 26,182 $ 27,167 $ 56,996 $ 52,532 Income (loss) from Bad Daddy’s $ (14,515 ) $ 374 $ (15,000 ) $ (194 ) Good Times 45 (219 ) 209 (145 ) Corporate (63 ) (137 ) (114 ) (224 ) $ (14,533 ) $ 18 $ (14,905 ) $ (563 ) Capital expenditures Bad Daddy’s $ 264 $ 632 $ 1,841 $ 3,118 Good Times 72 241 87 629 Corporate 5 2 26 46 $ 341 $ 875 $ 1,954 $ 3,793 March 31, 2020 September 24, 2019 Property and equipment, net Bad Daddy’s $ 25,710 $ 30,479 Good Times 4,523 4,890 Corporate 255 308 $ 30,488 $ 35,677

Basis of Presentation (Details)

Basis of Presentation (Details) - USD ($)	6 Months Ended
	Mar. 31, 2020	Mar. 26, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Advertising Costs	$ 109,000	$ 132,000

Recent Accounting Pronounceme_3

Recent Accounting Pronouncements (Schedule of Adoption of ASU 2016-02 Leases) (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Sep. 26, 2019	Sep. 24, 2019
Non-current assets:
Operating lease assets	$ 50,898
Current Liabilities:
Operating lease liability	4,634
Non-current liabilities:
Operating lease liabilities, less current portion	$ 55,589
Previously Reported [Member]
Non-current assets:
Operating lease assets
Current Liabilities:
Operating lease liability
Non-current liabilities:
Accrued deferred rent			2,881
Deferred lease incentives			5,698
Operating lease liabilities, less current portion
Restatement Adjustment [Member] | Accounting Standards Update 2016-02 [Member]
Non-current assets:
Operating lease assets			51,165
Current Liabilities:
Operating lease liability			4,346
Non-current liabilities:
Accrued deferred rent			(2,881)
Deferred lease incentives			(5,698)
Operating lease liabilities, less current portion			$ 55,398
As Restated [Member] | Accounting Standards Update 2016-02 [Member]
Non-current assets:
Operating lease assets		$ 51,165
Current Liabilities:
Operating lease liability		4,346
Non-current liabilities:
Accrued deferred rent
Deferred lease incentives
Operating lease liabilities, less current portion		$ 55,398

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2020	Mar. 26, 2019	Mar. 31, 2020	Mar. 26, 2019
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets			$ 20
Impairment of goodwill	$ 10,000		$ 10,000
Bad Daddy's Franchise Development, LLC [Member]
Finite-Lived Intangible Assets [Line Items]
Impairment of goodwill	$ 10,000

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets (Intangible Assets Subject to Amortization) (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Sep. 24, 2019
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 166	$ 181
Accumulated Amortization	(135)	(130)
Net Carrying Amount	31	51
Franchise rights [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	116	116
Accumulated Amortization	(116)	(104)
Net Carrying Amount		12
Non-compete agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	50	65
Accumulated Amortization	(19)	(26)
Net Carrying Amount	$ 31	$ 39

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets (Indefinite-lived Intangible Assets) (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Sep. 24, 2019
Trademarks and Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets (Excluding Goodwill)	$ 3,900	$ 3,900

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets (Schedule of Goodwill and Intangible Assets) (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Sep. 24, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible assets, gross carrying amount	$ 4,066	$ 4,081
Accumulated Amortization	(135)	(130)
Intangible Assets, net carrying amount	3,931	3,951
Goodwill, gross carrying amount	5,150	15,150
Goodwill, Accumulated Amortization
Goodwill, net carrying amount	$ 5,150	$ 15,150

Goodwill and Intangible Asset_6

Goodwill and Intangible Assets (Estimated Aggregate Future Amortization Expense) (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Sep. 24, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2020	$ 8
2021	17
2022	6
Net Carrying Amount	$ 31	$ 51

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	6 Months Ended
	Mar. 31, 2020	Mar. 31, 2020	Mar. 26, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation expense		$ 149	$ 221
Stock options exercised, shares	15,646	15,646	667
Proceeds from stock option exercises			$ 3
Stock issued against stock options exercised		2,413
Incentive Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted, shares			99,832
Incentive Stock Option [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted, exercise price			$ 4.66
Stock options granted, per-share weighted average fair value			2.68
Incentive Stock Option [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted, exercise price			5
Stock options granted, per-share weighted average fair value			$ 3.16
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate Intrinsic Value, Outstanding	$ 3	$ 3
Aggregate Intrinsic Value, Exercisable	3	3
Remaining total unrecognized compensation cost related to unvested stock-based arrangements	243	$ 243
Employee service share-based compensation, nonvested awards, total compensation cost not yet recognized, period for recognition		1 year 10 months 25 days
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock granted, shares		60,336	79,988
Restricted stock granted, weighted average grant date fair value per share			$ 3.95
Vesting period			3 years
Remaining total unrecognized compensation cost related to unvested stock-based arrangements	$ 244	$ 244
Employee service share-based compensation, nonvested awards, total compensation cost not yet recognized, period for recognition		1 year
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		$ 1.54
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		$ 1.67
Restricted Stock One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock granted, shares		46,336
Restricted stock granted, weighted average grant date fair value per share		$ 1.54
Vesting period		3 years
Restricted Stock Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock granted, shares		14,000
Restricted stock granted, weighted average grant date fair value per share		$ 1.67

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]	3 Months Ended
	Mar. 26, 2019USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (years)	7 years 6 months
Expected volatility, minimum	70.65%
Expected volatility, maximum	70.80%
Risk-free interest rate, minimum	3.01%
Risk-free interest rate, maximum	3.10%
Expected dividends

Stock-Based Compensation (Summa

Stock-Based Compensation (Summary of Stock Option Activity under Share Based Compensation Plan) (Details) - $ / shares	3 Months Ended	6 Months Ended
	Mar. 31, 2020	Mar. 31, 2020	Mar. 26, 2019
Shares
Outstanding at beginning of year	703,164
Options exercised	(15,646)	(15,646)	(667)
Forfeited	(45,963)
Expired	(8,579)
Outstanding March 31, 2020	632,976	632,976
Exercisable March 31, 2020	457,872	457,872
Weighted Average Exercise Price
Outstanding at beginning of year	$ 3.53
Options exercised	1.48
Forfeited	3.78
Expired	3.45
Outstanding March 31, 2020	3.56	$ 3.56
Exercisable March 31, 2020	$ 3.37	$ 3.37
Weighted Avg. Remaining Contractual Life (Yrs.)
Outstanding March 31, 2020	5 years 7 months 6 days
Exercisable March 31, 2020	4 years 8 months 12 days

Stock-Based Compensation (Sum_2

Stock-Based Compensation (Summary of Non-vested Restricted Stock Activity) (Details) - Restricted Stock [Member] - $ / shares	6 Months Ended
	Mar. 31, 2020	Mar. 26, 2019
Shares
Non-vested shares at beginning of year	165,275
Granted	60,336	79,988
Forfeited	(8,992)
Vested	(100,499)
Non-vested shares at March 31, 2020	116,120
Grant Date Fair Value Per Share
Granted		$ 3.95
Minimum [Member]
Grant Date Fair Value Per Share
Non-vested shares at beginning of year	$ 2.70
Granted	1.54
Forfeited	3.55
Vested	1.67
Non-vested shares at March 31, 2020	2.70
Maximum [Member]
Grant Date Fair Value Per Share
Non-vested shares at beginning of year	3.95
Granted	1.67
Forfeited	3.95
Vested	4.18
Non-vested shares at March 31, 2020	$ 4.18

Notes Payable and Long-Term D_2

Notes Payable and Long-Term Debt (Details) - USD ($)	6 Months Ended
	Mar. 31, 2020	Dec. 09, 2019
Cadence Credit Facility [Member]
Debt Instrument [Line Items]
Loan agreement, increase amount	$ 17,000,000
Interest rate	0.25%
Weighted average interest rate	4.531%
Interest rate description	All borrowings under the Cadence Credit Facility, as amended, bear interest at a variable rate based upon the Company’s election of (i) 2.5% 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 0.250% floor, plus 3.5%. 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.
Payment of debt issuance costs	$ 292,000
Maturity date	Dec. 31, 2021
Minimum liquidity amount	$ 2,000,000
Letters of credit outstanding, amount	16,750,000
Letters of credit outstanding face value	157,500
Periodic principal payment amount	$ 250,000
Credit Agreement [Member] | Directors and Officers [Member]
Debt Instrument [Line Items]
Repurchases or redemption equity interest not exceed		$ 100,000

Net Income (Loss) per Common _2

Net Income (Loss) per Common Share (Narrative) (Details) - shares	6 Months Ended
	Mar. 31, 2020	Mar. 26, 2019
Earnings Per Share [Abstract]
Stock options	749,096	892,766
Restricted stock units	749,096	892,766

Leases (Narrative) (Details)

Leases (Narrative) (Details)	6 Months Ended
	Mar. 31, 2020
Minimum [Member]
Lessee, Lease, Description [Line Items]
Initial lease term	10 years
Lease renewal term	10 years
Maximum [Member]
Lessee, Lease, Description [Line Items]
Initial lease term	20 years
Lease renewal term	15 years
Remaining lease term	20 years

Leases (Schedule of Components

Leases (Schedule of Components of Lease Expense) (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Mar. 31, 2020	Mar. 31, 2020
Lessee Disclosure [Abstract]
Operating lease cost	$ 1,836	$ 3,770
Variable lease cost	20	40
Sublease income	(130)	(230)
Lease cost, Total	$ 1,726	$ 3,580

Leases (Schedule of Weighted Av

Leases (Schedule of Weighted Average Lease Term and Discount Rate) (Details)	Mar. 31, 2020
Lessee Disclosure [Abstract]
Weighted average remaining lease term (in years)	10 years 9 months 18 days
Weighted average discount rate	5.00%

Leases (Schedule of Supplementa

Leases (Schedule of Supplemental Cash Flow Information Related to Leases) (Details) $ in Thousands	6 Months Ended
	Mar. 31, 2020USD ($)
Lessee Disclosure [Abstract]
Cash paid for operating lease liabilities	$ 3,504
Non-cash operating lease assets obtained in exchange for operating lease liabilities	$ 2,095

Leases (Schedule of Supplemen_2

Leases (Schedule of Supplemental Balance Sheet Information Related to Leases) (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Sep. 24, 2019
Lessee Disclosure [Abstract]
Right-of-use assets	$ 50,898
Current lease liabilities	4,634
Non-current lease liabilities	55,589
Total lease liabilities	$ 60,223

Leases (Schedule of Future Mini

Leases (Schedule of Future Minimum Rent Payments Related to Operating Leases) (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Sep. 24, 2019
Fiscal year ending:
Remainder of 2020	$ 3,817
2021	7,491
2022	7,456
2023	7,547
2024	7,504
Thereafter	44,985
Total minimum lease payments	78,800	$ 52,081
Less: imputed interest	(18,577)
Present value of lease liabilities	60,223
Fiscal year ending:
2020		7,256
2021		6,884
2022		6,677
2023		6,348
2024		5,928
Thereafter		18,988
Total minimum lease payments	$ 78,800	52,081
Less: sublease rentals		(1,058)
Net minimum lease payments		$ 51,023

Impairment of Long-Lived Asse_3

Impairment of Long-Lived Assets and Goodwill (Narrative) (Details) $ in Thousands	3 Months Ended	6 Months Ended	12 Months Ended
	Mar. 31, 2020USD ($)	Mar. 31, 2020USD ($)restaurants	Sep. 24, 2019USD ($)
Impaired Long-Lived Assets Held and Used [Line Items]
Number of restaurants impaired | restaurants		2
Goodwill	$ 5,150	$ 5,150	$ 15,150
Good Times [Member]
Impaired Long-Lived Assets Held and Used [Line Items]
Goodwill	96	96
Non-cash impairment charge			391
Good Times [Member] | Bad Daddy's restaurant in South Carolina [Member]
Impaired Long-Lived Assets Held and Used [Line Items]
Non-cash impairment charge			$ 2,380
Bad Daddy's Franchise Development, LLC [Member]
Impaired Long-Lived Assets Held and Used [Line Items]
Goodwill	5,054	$ 5,054
Bad Daddy's Restaurants In North Carolina and Tennessee [Member]
Impaired Long-Lived Assets Held and Used [Line Items]
Non-cash impairment charge	$ 4,359

Impairment of Long-Lived Asse_4

Impairment of Long-Lived Assets and Goodwill (Schedule of Goodwill) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2020	Mar. 26, 2019	Mar. 31, 2020	Mar. 26, 2019
Goodwill and Intangible Asset Impairment [Abstract]
Balance as of September 24, 2019			$ 15,150
Impairment of Goodwill	$ (10,000)		(10,000)
Balance as of March 31, 2020	$ 5,150		$ 5,150

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	6 Months Ended
	Mar. 31, 2020	Mar. 26, 2019
Income Tax Examination [Line Items]
Deferred tax assets	$ 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	2016
Maximum [Member]
Income Tax Examination [Line Items]
Years subject to income tax examination	2019

Non-controlling Interests (Sche

Non-controlling Interests (Schedule of Noncontrolling Interests) (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Mar. 31, 2020	Dec. 31, 2019	Mar. 26, 2019	Dec. 25, 2018	Mar. 31, 2020
Noncontrolling Interest [Line Items]
Balance at September 24, 2019		$ 1,522			$ 1,522
Income	$ 174	212	$ 270	$ 309	386
Contributions		22			22
Distributions	(95)	(291)	$ (408)	$ (478)	(386)
Balance at March 31, 2020	1,544				1,544
Bad Daddy's [Member]
Noncontrolling Interest [Line Items]
Balance at September 24, 2019		1,190			1,190
Income					245
Contributions					22
Distributions					(187)
Balance at March 31, 2020	1,270				1,270
Good Times [Member]
Noncontrolling Interest [Line Items]
Balance at September 24, 2019		$ 332			332
Income					141
Contributions
Distributions					(199)
Balance at March 31, 2020	$ 274				$ 274

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event [Member] - USD ($)	May 07, 2020	Apr. 24, 2020
Paycheck Protection Program Loans [Member] | Cadence Bank, N.A. [Member]
Subsequent Event [Line Items]
Principal amount of loan	$ 11,645,000
Interest rate	1.00%
Minimum [Member]
Subsequent Event [Line Items]
Shares issued bid price per share		$ 1

Segment Reporting (Details)

Segment Reporting (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2020	Mar. 26, 2019	Mar. 31, 2020	Mar. 26, 2019	Sep. 24, 2019
Segment Reporting Information [Line Items]
Revenues	$ 26,182	$ 27,167	$ 56,996	$ 52,532
Income (loss) from operations	(14,533)	18	(14,905)	(563)
Capital expenditures	341	875	1,954	3,793
Property and equipment, net	30,488		30,488		$ 35,677
Bad Daddys [Member]
Segment Reporting Information [Line Items]
Revenues	19,369	20,474	42,271	38,815
Income (loss) from operations	(14,515)	374	(15,000)	(194)
Capital expenditures	264	632	1,841	3,118
Property and equipment, net	25,710		25,710		30,479
Good Times [Member]
Segment Reporting Information [Line Items]
Revenues	6,813	6,693	14,725	13,727
Income (loss) from operations	45	(219)	209	(145)
Capital expenditures	72	241	87	629
Property and equipment, net	4,523		4,523		4,890
Corporate Segment [Member]
Segment Reporting Information [Line Items]
Income (loss) from operations	(63)	(137)	(114)	(224)
Capital expenditures	5	$ 2	26	$ 46
Property and equipment, net	$ 255		$ 255		$ 308