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BUSINESS SEGMENTS
 12 Months Ended
Oct. 01, 2011
Business Segments  
BUSINESS SEGMENTS

NOTE 11. BUSINESS SEGMENTS

 

We operate principally in two reportable segments – package stores and restaurants. The operation of package stores consists of retail liquor sales and related items. Information concerning the revenues and operating income for our fiscal years ended 2011 and 2010, and identifiable assets for the two reportable segments in which we operate, are shown in the following table. Operating income is total revenue less cost of merchandise sold and operating expenses relative to each segment. In computing operating income, none of the following items have been included: interest expense, other non-operating income and expense and income taxes. Identifiable assets by segment are those assets that are used in our operations in each segment. Corporate assets are principally cash and real property, improvements, furniture, equipment and vehicles used at our corporate headquarters. We do not have any operations outside of the United States and transactions between restaurants and package liquor stores are not material.

 

Operating Revenues:  2011    2010  
  Restaurants  $57,765,000   $55,717,000 
  Package stores   13,141,000    12,898,000 
  Other revenues   1,403,000    1,378,000 
     Total operating revenues  $72,309,000   $69,993,000 

 

Income from Operations Reconciled to Income before
Income Taxes and Net Income Attributable to
Noncontrolling Interests		          
     Restaurants  $4,245,000   $4,620,000 
     Package stores   1,006,000    1,068,000 
    5,251,000    5,688,000 
     Corporate expenses, net of other revenues   (2,124,000)   (2,073,000)
     Income from Operations   3,127,000    3,615,000 
     Other Income   231,000    — 
Net Income Attributable to Noncontrolling
Interests		   (832,000)   (799,000)
     Interest expense, net of interest income   (479,000)   (380,000)
           Income Before Income Taxes  $2,047,000   $2,436,000 
           
 
 
Identifiable Assets:		          
  Restaurants  $22,543,000   $22,043,000 
  Package store   4,045,000    3,678,000 
    26,588,000    25,721,000 
  Corporate   11,578,000    11,593,000 
Consolidated Totals  $38,166,000   $37,314,000 
           
Capital Expenditures:          
  Restaurants  $3,563,000   $3,957,000 
  Package stores   577,000    940,000 
    4,140,000    4,897,000 
  Corporate   446,000    108,000 
Total Capital Expenditures  $4,586,000   $5,005,000 
           
Depreciation and Amortization:          
  Restaurants  $1,985,000   $1,911,000 
  Package stores   228,000    215,000 
    2,213,000    2,126,000 
  Corporate   357,000    332,000 
Total Depreciation and Amortization  $2,570,000   $2,458,000