XML 42 R32.htm IDEA: XBRL DOCUMENT
v3.21.4

INVESTMENTS IN LIMITED PARTNERSHIPS (Tables) | 12 Months Ended
--- | ---
Oct. 02, 2021
Equity Method Investments and Joint Ventures [Abstract] |
Financial Information Pertaining to Limited Partnership Investment | A corporation, owned by a member of our Board of Directors, acts as sole general partner of a limited partnership which has owned and operated a restaurant in Fort Lauderdale, Florida under our “Flanigan’s Seafood Bar and Grill” service mark since April 1, 1997. We have a 25% limited partnership interest in this limited partnership. 31.9% of the remaining limited partnership interest is owned by persons who are either our officers, directors or their family members. We have a franchise arrangement with this limited partnership. For accounting purposes, we do not consolidate the operations of this limited partnership into our operations. This entity is reported using the equity method in the accompanying consolidated financial statements. The following is a summary of unaudited financial information pertaining to our limited partnership investment in Fort Lauderdale, Florida:
|  | October 2, 2021 |  |  | October 3, 2020 |
Financial Position: |  |  |  |  |  |  |  |
Current Assets |  | $ | 624,000 |  |  | $ | 591,000 |
Non-Current Assets |  |  | 701,000 |  |  |  | 655,000 |
Total Assets |  |  | 1,325,000 |  |  |  | 1,246,000 |
Current Liabilities |  |  | 259,000 |  |  |  | 562,000 |
Non-Current Liabilities |  |  | - |  |  |  | - |
Total Liabilities |  |  | 259,000 |  |  |  | 562,000 |
Equity |  |  | 1,066,000 |  |  |  | 684,000 |
|  |  | 1,325,000 |  |  |  | 1,246,000 |
Operating Results: |  |  |  |  |  |  |  |
Revenues |  |  | 4,172,000 |  |  |  | 3,430,000 |
Gross profit |  |  | 2,735,000 |  |  |  | 2,279,000 |
Net income |  |  | 495,000 |  |  |  | 24,000 |

X
- References No definition available. + Details
Name: | us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571 + Details
Name: | us-gaap_EquityMethodInvestmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration