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BUSINESS SEGMENTS

9 Months Ended

Jun. 29, 2019

Segment Reporting [Abstract]

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 thirty nine weeks ended June 29, 2019 and June 30, 2018, 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.

		(in thousands)
		Thirteen Weeks Ending June 29, 2019				Thirteen Weeks Ending June 30, 2018
Operating Revenues:
Restaurants		$	24,099			$	23,322
Package stores			4,752				4,435
Other revenues			661				679
Total operating revenues		$	29,512			$	28,436
Income from Operations Reconciled to Income After Income Taxes and Net Income Attributable to Noncontrolling Interests
Restaurants		$	2,578			$	2,767
Package stores			300				241
			2,878				3,008
Corporate expenses, net of other revenues			(934	)			(914	)
Income from Operations			1,944				2,094
Interest expense			(175	)			(193	)
Interest and other income			16				17
Insurance recovery, net of casualty loss			—				—
Income Before Income Taxes		$	1,785			$	1,918
Provision for Income Taxes			(309	)			(303	)
Net Income			1,476				1,615
Net Income Attributable to Noncontrolling Interests			(508	)			(572	)
Net Income Attributable to Flanigan’s Enterprises, Inc
Stockholders		$	968			$	1,043
Depreciation and Amortization:
Restaurants		$	611			$	548
Package stores			69				69
			680				617
Corporate			101				92
Total Depreciation and Amortization		$	781			$	709
Capital Expenditures:
Restaurants		$	571			$	1,022
Package stores			293				48
			864				1,070
Corporate			181				301
Total Capital Expenditures		$	1,045			$	1,371

		Thirty Nine Weeks Ending June 29, 2019				Thirty Nine Weeks Ending June 30, 2018
Operating Revenues:
Restaurants		$	70,214			$	69,963
Package stores			14,979				14,314
Other revenues			1,949				2,008
Total operating revenues		$	87,142			$	86,285
Income from Operations Reconciled to Income After Income Taxes and Net Income Attributable to Noncontrolling Interests
Restaurants		$	6,400			$	7,996
Package stores			750				867
			7,150				8,863
Corporate expenses, net of other revenue			(2,661	)			(2,670	)
Income from Operations			4,489				6,193
Interest expense			(541	)			(565	)
Interest and other income			42				44
Insurance recovery, net of casualty loss			602				—
Income Before Income Taxes		$	4,592			$	5,672
Provision for Income Taxes			(653	)			(1,216	)
Net Income			3,939				4,456
Net Income Attributable to Noncontrolling Interests			(1,207	)			(1,395	)
Net Income Attributable to Flanigan’s Enterprises, Inc.
Stockholders		$	2,732			$	3,061
Depreciation and Amortization:
Restaurants		$	1,746			$	1,625
Package stores			204				204
			1,950				1,829
Corporate			295				252
Total Depreciation and Amortization		$	2,245			$	2,081
Capital Expenditures:
Restaurants		$	2,922			$	2,535
Package stores			458				171
			3,380				2,706
Corporate			1,864				513
Total Capital Expenditures		$	5,244			$	3,219

		June 29,				September 29,
		2019				2018
Identifiable Assets:
Restaurants		$	31,469			$	30,963
Package store			10,417				10,127
			41,886				41,090
Corporate			26,091				26,175
Consolidated Totals		$	67,977			$	67,265

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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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