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BUSINESS SEGMENTS (Tables)

9 Months Ended

Jul. 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 thirty-nine weeks ended July 2, 2022 and July 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.

14

Index

		(in thousands)
		Thirteen Weeks Ended July 2, 2022				Thirteen Weeks Ended July 3, 2021
Operating Revenues:
Restaurants		$	32,329			$	29,101
Package stores			7,626				8,082
Other revenues			720				752
Total operating revenues		$	40,675			$	37,935
Income (Loss) from Operations Reconciled to Income (Loss) After Income Taxes and Net Income (Loss) Attributable to Noncontrolling Interests
Restaurants		$	1,953			$	3,724
Package stores			705				801
			2,658				4,525
Corporate expenses, net of other revenues			(575	)			(1,916	)
Income from operations			2,083				2,609
Interest expense			(177	)			(210	)
Interest and other income			80				14
Gain on forgiveness of PPP Loans			-				6,483
Income Before for Income Taxes		$	1,986			$	8,896
Provision for Income Taxes			(22	)			(475	)
Net Income			1,964				8,421
Net Income Attributable to Noncontrolling Interests			(129	)			(1,222	)
Net Income Attributable to Flanigan’s Enterprises, Inc.
Stockholders		$	1,835			$	7,199
Depreciation and Amortization:
Restaurants		$	607			$	585
Package stores			79				85
			686				670
Corporate			102				100
Total Depreciation and Amortization		$	788			$	770
Capital Expenditures:
Restaurants		$	1,542			$	1,353
Package stores			450				401
			1,992				1,754
Corporate			210				678
Total Capital Expenditures		$	2,202			$	2,432

15

Index

		Thirty-Nine Weeks Ended July 2, 2022				Thirty-Nine Weeks Ended July 3, 2021
Operating Revenues:
Restaurants		$	91,985			$	77,611
Package stores			24,285				23,923
Other revenues			2,138				2,138
Total operating revenues		$	118,408			$	103,672
Income from Operations Reconciled to Income After Income Taxes and Net Income Attributable to Noncontrolling Interests
Restaurants		$	4,005			$	6,941
Package stores			2,147				2,251
			6,152				9,192
Corporate expenses, net of other revenues			(1,454	)			(2,520	)
Income from Operations			4,698				6,672
Interest expense			(547	)			(737	)
Interest and other income			117				45
Gain on forgiveness of PPP Loans			3,488				10,136
Gain on sale of property and equipment			11				33
Income Before for Income Taxes		$	7,767			$	16,149
Provision for Income Taxes			(522	)			(1,004	)
Net Income			7,245				15,145
Net Income Attributable to Noncontrolling Interests			(2,186	)			(4,715	)
Net Income Attributable to Flanigan’s Enterprises, Inc.
Stockholders		$	5,059			$	10,430
Depreciation and Amortization:
Restaurants			1,670				1,756
Package stores			237				261
			1,907				2,017
Corporate			302				289
Total Depreciation and Amortization		$	2,209			$	2,306
Capital Expenditures:
Restaurants		$	4,466			$	7,640
Package stores			1,845				683
			6,311				8,323
Corporate			686				1,360
Total Capital Expenditures		$	6,997			$	9,683

		July 2,				October 2,
		2022				2021
Identifiable Assets:
Restaurants		$	73,057			$	67,978
Package store			19,435				15,563
			92,492				83,631
Corporate			46,917				44,371
Consolidated Totals		$	139,409			$	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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-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
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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
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

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No definition available.

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