XML 16 R6.htm IDEA: XBRL DOCUMENT v3.22.1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Apr. 02, 2022
Apr. 03, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 5,281 $ 6,724
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities:    
Depreciation and amortization 1,400 1,493
Amortization of leasehold interests 21 43
Amortization of finance lease right-of-use asset 198
Amortization of operating lease right-of-use asset 1,177 1,258
Gain on forgiveness of PPP loans (3,488) (3,653)
Finance lease interest expense 109
Gain on sale of property and equipment (11) (33)
Loss on abandonment of property and equipment 13 16
Amortization of deferred loan costs 17 20
Deferred income taxes 87 352
Organizational costs 35  
Income from unconsolidated limited partnership (15) (111)
Deferred revenue 333
(Increase) decrease in    
Other receivables (114) 184
Prepaid income taxes 139 (275)
Inventories (645) (548)
Prepaid expenses 854 1,117
Other assets (59) 215
Increase (decrease) in:    
Accounts payable and accrued expenses 1,987 741
Operating lease liabilities (918) (2,111)
Income taxes payable 211 166
Due to franchisees 920 1,187
Net cash and cash equivalents provided by operating activities 7,225 7,092
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (2,230) (4,114)
Purchase of construction in progress (1,881) (847)
Deposits on property and equipment (509) (296)
Proceeds from sale of fixed assets 30 49
Distributions from unconsolidated limited partnership 16 12
Investment in limited Partnership (297)
Net cash and cash equivalents used in investing activities (4,574) (5,493)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payment of long term debt (1,742) (1,495)
Deferred loan costs (56)
Proceeds from PPP loans 3,464
Proceeds from noncontrolling interest offering 8,595  
Principal payments on finance leases (81)
Distributions to limited partnerships' noncontrolling interests (1,514) (725)
Net cash and cash equivalents provided by financing activities 5,339 1,107
Net Increase in Cash and Cash Equivalents 7,990 2,706
Beginning of Period 32,676 29,922
End of Period 40,666 32,628
Cash paid during period for:    
Interest 370 527
Income taxes 63 61
Supplemental Disclosure of Non-Cash Investing and Financing Activities:    
Financing of insurance contracts 1,861 1,377
Purchase deposits transferred to property and equipment 44 14
Purchase deposits transferred to CIP 309 18
CIP capitalized to property, plant and equipment 3,258
CIP in accounts payable 331
Dividends declared and unpaid 1,861
Operating lease liabilities arising from ROU asset 1,518 5,787
Purchase of vehicle in exchange for debt 58
Purchase of property in exchange for debt $ 2,200