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BUSINESS SEGMENTS | 12 Months Ended
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Sep. 30, 2023
Business Segments [Abstract] |
BUSINESS SEGMENTS | NOTE 17. BUSINESS SEGMENTS We operate principally in two reportable segments – package stores and restaurants. This determination was made by the Chief Financial Officer of the Company to align our financial reporting presentation with the major streams of revenue generation. The operation of package stores consists of retail liquor sales and related items. Information concerning the revenues and operating income for our fiscal years ended 2023 and 2022, 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 expense 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.
|  | (in thousands) |
|  | September 30, 2023 |  |  | October 1, 2022 |
Operating Revenues: |  |  |  |  |  |  |  |
Restaurants |  | $ | 136,238 |  |  | $ | 123,627 |
Package stores |  |  | 35,187 |  |  |  | 31,692 |
Other revenues |  |  | 2,971 |  |  |  | 2,813 |
Total operating revenues |  | $ | 174,396 |  |  | $ | 158,132 |
Income from Operations Reconciled to Income after Income Taxes and Net Income Attributable to Noncontrolling Interests: |  |  |  |  |  |  |  |
Restaurants |  | $ | 7,611 |  |  | $ | 6,228 |
Package stores |  |  | 2,704 |  |  |  | 2,608 |
|  |  | 10,315 |  |  |  | 8,836 |
Corporate expenses, net of other revenues |  |  | (3,291 | ) |  |  | (1,907 | )
Income from Operations |  |  | 7,024 |  |  |  | 6,929 |
Interest expense |  |  | (1,067 | ) |  |  | (757 | )
Interest and Other Income |  |  | 108 |  |  |  | 131 |
Gain on forgiveness of debt |  |  | — |  |  |  | 3,488 |
Gain on sale of property and equipment |  |  | — |  |  |  | 21 |
Income before provision for income taxes |  | $ | 6,065 |  |  | $ | 9,812 |
Provision for Income Taxes |  |  | (649 | ) |  |  | (763 | )
Net Income |  |  | 5,416 |  |  |  | 9,049 |
Net Income Attributable to Noncontrolling Interests |  |  | (1,417 | ) |  |  | (2,737 | )
Net Income Attributable to Flanigan’s Enterprises, Inc. |  | $ | 3,999 |  |  | $ | 6,312 |
Depreciation and Amortization: |  |  |  |  |  |  |  |
Restaurants |  | $ | 2,669 |  |  | $ | 2,290 |
Package stores |  |  | 468 |  |  |  | 316 |
|  |  | 3,137 |  |  |  | 2,606 |
Corporate |  |  | 447 |  |  |  | 406 |
Total Depreciation and Amortization |  | $ | 3,584 |  |  | $ | 3,012 |
Capital Expenditures |  |  |  |  |  |  |  |
Restaurants |  | $ | 7,440 |  |  | $ | 6,578 |
Package stores |  |  | 3,855 |  |  |  | 2,038 |
|  |  | 11,295 |  |  |  | 8,616 |
Corporate |  |  | 9,279 |  |  |  | 826 |
Total Capital Expenditures |  | $ | 20,574 |  |  | $ | 9,442 |
Identifiable Assets: |  |  |  |  |  |  |  |
Restaurants |  | $ | 76,575 |  |  | $ | 73,596 |
Package stores |  |  | 23,714 |  |  |  | 20,035 |
|  |  | 100,289 |  |  |  | 93,631 |
Corporate |  |  | 45,480 |  |  |  | 53,861 |
Consolidated Totals |  | $ | 145,769 |  |  | $ | 147,492 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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