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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Apr. 02, 2022
Apr. 03, 2021
Apr. 02, 2022
Apr. 03, 2021
REVENUES:        
Restaurant food sales $ 24,775 $ 20,689 $ 46,980 $ 39,017
Restaurant bar sales 6,669 5,050 12,676 9,493
Package store sales 8,148 7,830 16,659 15,841
Franchise related revenues 478 422 924 808
Rental income 199 226 398 413
Other operating income 61 140 96 165
Total 40,330 34,357 77,733 65,737
Cost of merchandise sold:        
Restaurant and bar 11,374 8,462 21,707 15,984
Package stores 5,869 5,668 12,209 11,519
Payroll and related costs 12,031 10,464 24,267 19,927
Occupancy costs 1,715 1,602 3,413 3,408
Selling, general and administrative expenses 7,491 5,368 13,522 10,836
Total 38,480 31,564 75,118 61,674
Income from Operations 1,850 2,793 2,615 4,063
OTHER INCOME (EXPENSE):        
Interest expense (177) (248) (370) (527)
Interest and other income 23 19 37 31
Gain on forgiveness of PPP loans 3,653 3,488 3,653
Gain on sale of property and equipment 8 11 33
Total other income (expense) (154) 3,432 3,166 3,190
Income before Provision for Income Taxes 1,696 6,225 5,781 7,253
Provision for Income Taxes (353) (533) (500) (529)
Net Income 1,343 5,692 5,281 6,724
Less: Net loss income attributable to noncontrolling interests 317 (3,241) (2,057) (3,493)
Net Income attributable to Flanigan's Enterprises, Inc. stockholders $ 1,660 $ 2,451 $ 3,224 $ 3,231
Net Income Per Common Share:        
Basic and Diluted $ 0.89 $ 1.32 $ 1.73 $ 1.74
Basic and Diluted 1,858,647 1,858,647 1,858,647 1,858,647