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v3.20.1

Consolidated Statements of Earnings - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Mar. 29, 2020 | Mar. 31, 2019
REVENUES |  |  |
Revenues |  | $ 103,325 | $ 101,849
COSTS AND EXPENSES |  |  |
Cost of sales |  | 54,488 | 52,779
Restaurant operating expenses |  | 3,476 | 3,525
Depreciation and amortization |  | 1,233 | 1,212
General and administrative expenses |  | 14,779 | 13,851
Advertising fund expense (Note B) |  | 2,177 | 2,506
Total costs and expenses |  | 76,153 | 73,873
Income from operations |  | 27,172 | 27,976
Gain on sale of property and equipment (Note F) |  |  | 11,177
Interest expense |  | (10,601) | (10,792)
Interest income |  | 1,357 | 840
Other income, net |  | 86 | 209
Income before provision for income taxes |  | 18,014 | 29,410
Provision for income taxes |  | 4,579 | 7,917
Net income |  | $ 13,435 | $ 21,493
Weighted average shares used in computing income per share: |  |  |
Basic (in shares) |  | 4,216,000 | 4,187,000
Diluted (in shares) |  | 4,216,000 | 4,220,000
Income per share: |  |  |
Basic (in dollars per share) |  | $ 3.19 | $ 5.13
Diluted (in dollars per share) |  | 3.19 | 5.09
Dividends declared per share (in dollars per share) |  | $ 1.40 | $ 1
Product [Member] |  |  |
REVENUES |  |  |
Revenues |  | $ 70,559 | $ 71,561
License [Member] |  |  |
REVENUES |  |  |
Revenues |  | 25,859 | 23,615
Franchise Fees and Royalties [Member] |  |  |
REVENUES |  |  |
Revenues |  | 4,572 | 4,171
Advertising Fund Revenue [Member] |  |  |
REVENUES |  |  |
Revenues | [1] | $ 2,335 | $ 2,502
[1] | Prior to adoption of Topic 606, inflows into the National Advertising Fund were not considered revenue.

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