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BUSINESS SEGMENTS
 12 Months Ended
Sep. 29, 2012
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 2012 and 2011, 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. 

 

   2012   2011 
Operating Revenues:          
Restaurants  $62,198,000   $57,765,000 
Package stores   13,214,000    13,141,000 
Other revenues   1,923,000    1,403,000 
Total operating revenues  $77,335,000   $72,309,000 
           
Income from Operations Reconciled to Income before
   Income Taxes and Net Income Attributable to
   Noncontrolling Interests		          
Restaurants  $5,269,000   $4,245,000 
Package stores   874,000    1,006,000 
    6,143,000    5,251,000 
Corporate expenses, net of other revenues   (2,572,000)   (2,124,000)
Income from Operations   3,571,000    3,127,000 
Other Income   73,000    231,000 
Net Income Attributable to Noncontrolling Interests   (660,000)   (832,000)
Interest expense, net of interest income   (806,000)   (479,000)
Income Before Income Taxes  $2,178,000   $2,047,000 
           
Identifiable Assets:          
Restaurants  $22,133,000   $22,543,000 
Package store   4,952,000    4,045,000 
    27,085,000    26,588,000 
Corporate   19,659,000    11,578,000 
Consolidated Totals  $46,744,000   $38,166,000 
           
Capital Expenditures:          
Restaurants  $1,144,000   $3,563,000 
Package stores   101,000    577,000 
    1,245,000    4,140,000 
Corporate   6,555,000    446,000 
Total Capital Expenditures  $7,800,000   $4,586,000 
           
Depreciation and Amortization:          
Restaurants  $1,704,000   $1,985,000 
Package stores   388,000    228,000 
    2,092,000    2,213,000 
Corporate   436,000    357,000 
Total Depreciation and Amortization  $2,528,000   $2,570,000