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Note G - Accounts and Other Receivables, Net | 3 Months Ended
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Jun. 29, 2025
Notes to Financial Statements |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | NOTE G – ACCOUNTS AND OTHER RECEIVABLES, NET Accounts and other receivables, net, consist of the following (in thousands):
|  | June 29, |  |  | March 30, |
|  | 2025 |  |  | 2025 |
Branded product sales |  | $ | 15,158 |  |  | $ | 10,534 |
Franchise and license royalties |  |  | 10,822 |  |  |  | 3,902 |
Other |  |  | 999 |  |  |  | 270 |
|  |  | 26,979 |  |  |  | 14,706 |
Less: allowance for credit losses |  |  | (705 | ) |  |  | (642 | )
Accounts and other receivables, net |  | $ | 26,274 |  |  | $ | 14,064 |
Our provision for credit losses is based on the current expected credit losses model. The Company is exposed to credit losses through its trade accounts receivable. Trade accounts receivable are generally due within 30 days and are stated at amounts due from franchisees, including virtual kitchens, retail licensees and Branded Product Program customers, net of an allowance for credit losses. Accounts that are outstanding longer than the contractual payment terms are generally considered past due. An allowance for credit losses is determined by pooling financial assets based on similar risk characteristics and delinquency status under an aging method at the measurement date. The Company considers both qualitative and quantitative information when developing the estimate including assessments of collectability based on historical trends, the financial condition of the Company’s franchisees, licensees and Branded Product Program customers, including any known or anticipated bankruptcies, and an evaluation of current economic conditions as well as the Company’s expectations of conditions in the future. The Company provides for expected credit losses through a charge to earnings. After the Company has used reasonable collection efforts, it writes off accounts receivable through a charge to the allowance for credit losses. Changes in the Company’s allowance for credit losses for the thirteen week period ended June 29, 2025 and the fiscal year ended March 30, 2025 are as follows (in thousands):
|  | June 29, 2025 |  |  | March 30, 2025 |
Beginning balance |  | $ | 642 |  |  | $ | 403 |
Provision for expected credit losses |  |  | 63 |  |  |  | 275 |
Write offs and other |  |  | - |  |  |  | (36 | )
Ending balance |  | $ | 705 |  |  | $ | 642 |

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- Definition The entire disclosure for claims held for amounts due to entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/310-10/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 + Details
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