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BUSINESS SEGMENTS

12 Months Ended

Sep. 30, 2017

Segment Reporting [Abstract]

BUSINESS SEGMENTS

NOTE 14. 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 2017 and 2016, 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:		2017				2016
Restaurants		$	87,393,000			$	85,446,000
Package stores			16,842,000				15,661,000
Other revenues			2,587,000				2,511,000
Total operating revenues		$	106,822,000			$	103,618,000
Income from Operations Reconciled to Income after Income Taxes and Net Income Attributable to Noncontrolling Interests:
Restaurants		$	8,659,000			$	9,468,000
Package stores			1,028,000				853,000
			9,687,000				10,321,000
Corporate expenses, net of other revenues			(3,429,000	)			(3,520,000	)
Income from Operations			6,258,000				6,801,000
Interest expense			(600,000	)			(557,000	)
Interest and Other Income			102,000				92,000
Income before provision for income taxes		$	5,760,000			$	6,336,000
Provision for Income Taxes			(1,370,000	)			(1,367,000	)
Net Income			4,390,000				4,969,000
Net Income Attributable to Noncontrolling Interests			(1,370,000	)			(1,929,000	)
Net Income Attributable to Flanigan’s Enterprises, Inc, stockholders		$	3,020,000			$	3,040,000
Identifiable Assets:
Restaurants		$	28,089,000			$	25,758,000	*
Package store			9,684,000				7,663,000	*
			37,773,000				33,421,000
Corporate			22,736,000				22,980,000	*
Consolidated Totals		$	60,509,000			$	56,401,000
Capital Expenditures
Restaurants		$	4,592,000			$	1,353,000
Package stores			2,119,000				328,000
			6,711,000				1,681,000
Corporate			509,000				1,743,000
Total Capital Expenditures		$	7,220,000			$	3,424,000
Depreciation and Amortization:
Restaurants		$	2,115,000			$	2,064,000
Package stores			216,000				205,000
			2,331,000				2,269,000
Corporate			336,000				416,000
Total Depreciation and Amortization		$	2,667,000			$	2,685,000

* The Company moved assets of approximately $2,936,000, consisting primarily of land, from corporate ($233,000) and restaurant ($2,703,000) to package store ($2,936,000) to correctly report assets related to each segment.

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- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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