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BUSINESS SEGMENTS
 6 Months Ended
Mar. 31, 2012
Business Segments  
BUSINESS SEGMENTS

(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 the thirteen weeks and twenty six weeks ended March 31, 2012 and April 2, 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 expenses 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. For the thirteen and twenty six weeks ended March 31, 2012, we generated revenue of $179,000 and $230,000 from our leasing to unaffiliated third parties of retail space.

 

    (in thousands)  
   

Thirteen Weeks
Ending

March 31, 2012

    

Thirteen Weeks
Ending

April 2, 2011

  
Operating Revenues:                
   Restaurants   $ 16,529     $ 15,302  
   Package stores     3,575       3,505  
   Other revenues     514       357  
      Total operating revenues   $ 20,618     $ 19,164  
                 
Operating Income Reconciled to Income Before Income Taxes and Net Income Attributable to Noncontrolling Interests                
    Restaurants   $ 1,572     $ 1,624  
    Package stores     278       369  
      1,850       1,993  
    Corporate expenses, net of other
       Revenues		     (737 )     (786 )
    Operating income     1,113       1,207  
    Other income (expense)     (208 )     103  
Income Before Income Taxes and Net Income Attributable to Noncontrolling Interests   $ 905     $ 1,310  
                 
Depreciation and Amortization:                
   Restaurants   $ 451     $ 504  
   Package stores     58       58  
      509       562  
   Corporate     111       96  
Total Depreciation and Amortization   $ 620     $ 658  
                 
Capital Expenditures:                
   Restaurants   $ 329     $ 603  
   Package stores     30       69  
      359       672  
   Corporate     125       68  
Total Capital Expenditures   $ 484     $ 740  

 

   

 

Twenty Six Weeks
Ending

March 31, 2012

    

 

Twenty Six Weeks
Ending

April 2, 2011

  
Operating Revenues:                
   Restaurants   $ 31,313     $ 29,062  
   Package stores     7,357       7,204  
   Other revenues     900       686  
      Total operating revenues   $ 39,570     $ 36,952  
                 
Operating Income Reconciled to Income Before Income Taxes and Net Income Attributable to Noncontrolling Interests                
    Restaurants   $ 2,694     $ 2,365  
    Package stores     492       752  
      3,186       3,117  
     Corporate expenses, net of other
       Revenues		     (1,413 )     (1,242 )
    Operating income     1,773       1,875  
    Other income (expense)     (365 )     7  
Income Before Income Taxes and Net Income Attributable to Noncontrolling Interests   $ 1,408     $ 1,882  
                 
Depreciation and Amortization:                
   Restaurants   $ 944     $ 1,013  
   Package stores     116       115  
      1,060       1,128  
   Corporate     209       183  
Total Depreciation and Amortization   $ 1,269     $ 1,311  
                 
Capital Expenditures:                
   Restaurants   $ 1,805     $ 2,629  
   Package stores     49       455  
      1,854       3,084  
   Corporate     5,220       213  
Total Capital Expenditures   $ 7,072     $ 3,297  
                 

 

    March 31,     October 1,  
    2012     2011  
Identifiable Assets:                
   Restaurants   $ 23,289     $ 22,543  
   Package store     4,156       4,045  
      27,445       26,588  
   Corporate     18,174       11,578  
Consolidated Totals   $ 45,619     $ 38,166