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BUSINESS SEGMENTS
 12 Months Ended
Oct. 03, 2020
Segment Reporting [Abstract]  
BUSINESS SEGMENTS

NOTE 16. 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 2020 and 2019, 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.

 

   2020   2019 
Operating Revenues:          
   Restaurants  $84,652,000   $94,290,000 
   Package stores   26,276,000    19,327,000 
   Other revenues   2,049,000    2,585,000 
      Total operating revenues  $112,977,000   $116,202,000 

 

Income from Operations Reconciled to Income after
Income Taxes and Net Income Attributable to
Noncontrolling Interests:

        
    Restaurants  $4,532,000   $8,965,000 
    Package stores   1,699,000    879,000 
    6,231,000    9,844,000 
Corporate expenses, net of other revenues   (3,320,000)   (3,528,000)
    Income from Operations   2,911,000    6,316,000 
    Interest expense   (836,000)   (708,000)
    Interest and Other Income   49,000    54,000 
    Insurance recovery, net of casualty loss   —    602,000 
Income before provision for income taxes  $2,124,000   $6,264,000 
    Benefit (Provision) for Income Taxes   60,000   (887,000)
  Net Income   2,184,000    5,377,000 
     Net Income Attributable to Noncontrolling Interests   (1,074,000)   (1,729,000)
     Net Income Attributable to Flanigan’s Enterprises, Inc,
      Stockholders		  $1,110,000   $3,648,000 
           
Identifiable Assets:          
  Restaurants  $55,030,000   $31,077,000 
  Package store   13,771,000    10,540,000 
    68,801,000    41,617,000 
  Corporate   43,683,000    27,138,000 
Consolidated Totals  $112,484,000   $68,755,000 
           
Capital Expenditures          
   Restaurants  $1,834,000   $3,464,000 
   Package stores   260,000    898,000 
    2,094,000    4,362,000 
   Corporate   672,000    1,961,000 
Total Capital Expenditures  $2,766,000   $6,323,000 

 

           
Depreciation and Amortization:          
   Restaurants  $2,485,000   $2,373,000 
   Package stores   355,000    274,000 
    2,850,000    2,647,000 
   Corporate   390,000    393,000 
Total Depreciation and Amortization  $3,240,000   $3,040,000