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Leases (Tables)

9 Months Ended

Jun. 29, 2024

Leases [Abstract]

Maturities of Lease Liabilities

Fiscal Year		Operating Leases			Finance Leases
Remainder of 2024	$	1,976,594		$	210,000
2025		7,820,676			840,000
2026		6,659,345			840,000
2027		5,899,762			840,000
2028		4,357,796			840,000
Thereafter		20,478,331			101,500
Total lease payments	$	47,192,504		$	3,671,500
Less amount representing interest		10,638,257			449,088
Present value of lease liabilities	$	36,554,247		$	3,222,412

Schedule of Rental Income

		Three Months Ended			Nine Months Ended
		June 29, 2024			June 29, 2024
Rents earned on owned and subleased properties:
Base rentals	$	6,751,937		$	20,454,733
Variable rentals		50,955			152,867
Total		6,802,892			20,607,600
Depreciation on owned properties leased to others		(2,021,286)			(6,054,656)
Other shopping center expenses		(864,435)			(2,857,149)
Total	$	3,917,171		$	11,695,795

Future Minimum Operating Lease Receipts

Fiscal Year
Remainder of 2024	$	5,144,208
2025		19,328,706
2026		15,603,242
2027		12,225,135
2028		9,308,601
Thereafter		32,303,185
Total minimum future rental income	$	93,913,077

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- References

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- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-6

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- Definition

Tabular disclosure of maturity of undiscounted cash flows to be received by lessor on annual basis for operating lease.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479773/842-30-50-12

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- Definition

Tabular disclosure of components of income from sales-type lease.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 842
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479773/842-30-50-5

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-6A

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