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BUSINESS SEGMENTS (Tables)

6 Months Ended

Apr. 02, 2022

Segment Reporting [Abstract]

Schedule of Segment Reporting

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 April 2, 2022 and April 3, 2021, 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.

13

Index

		(in thousands)
		Thirteen Weeks Ended April 2, 2022				Thirteen Weeks Ended April 3, 2021
Operating Revenues:
Restaurants		$	31,444			$	25,739
Package stores			8,148				7,830
Other revenues			738				788
Total operating revenues		$	40,330			$	34,357
Income from Operations Reconciled to Income After Income Taxes and Net Income Attributable to Noncontrolling Interests
Restaurants		$	1,675			$	2,037
Package stores			760				735
			2,435				2,772
Corporate expenses, net of other revenues			(585)				21
Income from operations			1,850				2,793
Interest expense			(177	)			(248	)
Interest and other income			23				19
Gain on forgiveness of PPP Loans			—				3,653
Gain on sale of property and equipment			—				8
Income Before Provision for Income Taxes		$	1,696			$	6,225
Provision for Income Taxes			(353	)			(533	)
Net Income			1,343				5,692
Net Income Attributable to Noncontrolling Interests			317				(3,241	)
Net Income Attributable to Flanigan’s Enterprises, Inc.
Stockholders		$	1,660			$	2,451
Depreciation and Amortization:
Restaurants		$	542			$	578
Package stores			79				87
			621				665
Corporate			101				97
Total Depreciation and Amortization		$	722			$	762
Capital Expenditures:
Restaurants		$	1,671			$	5,523
Package stores			874				169
			2,545				5,692
Corporate			239				454
Total Capital Expenditures		$	2,784			$	6,146

14

Index

		Twenty Six Weeks Ended April 2, 2022				Twenty Six Weeks Ended April 3, 2021
Operating Revenues:
Restaurants		$	59,656			$	48,510
Package stores			16,659				15,841
Other revenues			1,418				1,386
Total operating revenues		$	77,733			$	65,737
Income from Operations Reconciled to Income After Income Taxes and Net Income Attributable to Noncontrolling Interests
Restaurants		$	2,052			$	3,217
Package stores			1,442				1,450
			3,494				4,667
Corporate expenses, net of other revenues			(879	)			(604	)
Income from Operations			2,615				4,063
Interest expense			(370	)			(527	)
Interest and Other Income			37				31
Gain on forgiveness of PPP Loans			3,488				3,653
Gain on sale of property and equipment			11				33
Income Before Provision for Income Taxes		$	5,781			$	7,253
Provision for Income Taxes			(500	)			(529	)
Net Income			5,281				6,724
Net Income Attributable to Noncontrolling Interests			(2,057	)			(3,493	)
Net Income Attributable to Flanigan’s Enterprises, Inc.
Stockholders		$	3,224			$	3,231
Depreciation and Amortization:
Restaurants			1,063				1,171
Package stores			158				176
			1,221				1,347
Corporate			200				189
Total Depreciation and Amortization		$	1,421			$	1,536
Capital Expenditures:
Restaurants		$	2,924			$	6,287
Package stores			1,395				282
			4,319				6,569
Corporate			476				682
Total Capital Expenditures		$	4,795			$	7,251

		April 2,				October 2,
		2022				2021
Identifiable Assets:
Restaurants		$	70,604			$	67,978
Package store			18,416			$	15,653
			89,020				83,631
Corporate			51,853				44,371
Consolidated Totals		$	140,873			$	128,002

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
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-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
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-Section 50
-Paragraph 30
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

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