XML 47 R34.htm IDEA: XBRL DOCUMENT v3.24.4

INCOME TAXES (Tables)

12 Months Ended

Sep. 28, 2024

Income Taxes [Abstract]

Schedule of Provision for Income Taxes

The components of our provision for income taxes for our fiscal years 2024 and 2023 are as follows:

		(in thousands)
		2024				2023
Current:
Federal		$	246			$	298
State			305				289
			551				587
Deferred:
Federal			(282	)			(84	)
State			17				146
			(265	)			62
		$	286			$	649

Schedule of Reconciliation of Income Tax

A reconciliation of income tax computed at the statutory federal rate to income tax expense is as follows:

		(in thousands)
		2024				2023
Tax provision at the statutory rate		$	1,173			$	1,273
Non-controlling interests			(408	)			(297	)
State income taxes, net of federal income tax			264				343
FICA tip credit			(1,029	)			(799	)
True up adjustment			77				89
Other permanent items, net			209				40
		$	286			$	649

Schedule of Deferred Tax Assets Liabilities

The components of our deferred tax assets (liabilities) at September 28, 2024 and September 30, 2023 were as follows:

		(in thousands)
Deferred tax assets:		2024				2023
Reversal of aged payables		$	18			$	18
Capitalized inventory costs			26				28
Accrued bonuses			52				66
Accruals for potential uninsured claims			27				13
Gift cards			247				223
Deferred revenue			205				179
Tip credit			914				570
Operating lease liabilities			3,319				3,525
Limited partnership investments			446				475
Interest rate swaps			14				(134	)
Accrued limited retirement			76				73
Subtotal		$	5,344			$	5,036
Less: Valuation allowance			—				—
Total net deferred tax assets			5,344				5,036

		(in thousands)
Deferred tax liabilities:		2024				2023
Limited partnership management fees		$	(680	)		$	(873	)
Book/tax differences in property and equipment and intangible assets			(1,901	)			(1,573	)
Operating lease right of use assets			(3,152	)			(3,391	)
Total deferred tax liabilities			(5,733	)			(5,837	)
Net deferred tax liability		$	(389	)		$	(801	)

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-9

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-2

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration