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BUSINESS SEGMENTS (Tables)

9 Months Ended

Jun. 29, 2024

Business Segments [Abstract]

Schedule of Business Segments

Information concerning the revenues and operating income for the thirteen weeks and thirty-nine weeks ended June 29, 2024 and July 1, 2023, and identifiable assets for the two reportable segments in which we operate, are shown in the following tables.

		Restaurant				Package				Corporate				Eliminations				Total
REVENUES:
Restaurant food sales		$	30,471			$	—			$	—			$	—			$	30,471
Intersegment revenues			1,092				—				—				(1,092	)			—
Restaurant bar sales			7,577				—				—				—				7,577
Package goods sales			—				10,292				—				—				10,292
TOTAL REVENUE:			39,140				10,292				—				(1,092	)			48,340
COST OF MERCHANDISE SOLD:
Cost of merchandise sold:			13,104				7,703				—				—				20,807
Intersegment cost of merchandise sold			1,092				—				—				(1,092	)			—
TOTAL COST OF MERCHANDISE SOLD:			14,196				7,703				—				(1,092	)			20,807
GROSS PROFIT:			24,944				2,589				—				—				27,533
ADDITIONAL REVENUES:
Franchise-related revenues			—				—				428				—				428
Intersegment franchise-related revenues			—				—				1,390				(1,390	)			—
Rental income			—				—				278				—				278
Intersegment rental income			—				—				214				(214	)			—
Intersegment partnership income			—				—				357				(357	)			—
Other operating income			40				—				16				—				56
TOTAL ADDITIONAL REVENUES:			40				—				2,683				(1,961	)			762
ADDITIONAL EXPENSES:
Payroll and related costs			12,658				816				1,827				—				15,301
Intersegment payroll costs			—				(6	)			—				6				—
Operating expenses			5,202				699				367				—				6,268
Intersegment operating expenses			613				—				716				(1,329	)			—
Occupancy costs			1,623				248				153				—				2,024
Intersegment occupancy costs			166				47				—				(213	)			—
Selling, general and administrative expenses			259				42				987				—				1,288
Intersegment selling, general and administrative expenses			—				—				72				(72	)			—
Depreciation and amortization			864				123				140				—				1,127
TOTAL ADDITIONAL EXPENSES:			21,385				1,969				4,262				(1,608	)			26,008
Income from Operations			3,599				620				(1,579	)			(353	)			2,287
OTHER INCOME (EXPENSE):
Interest expense			—				—				(251	)			—				(251	)
Intersegment interest expense			—				—				(2	)			2				—
Interest and other income			4				23				19				—				46
Intersegment interest and other income			—				5				2				(7	)			—
Gain on sale of property and equipment			—				—				2				—				2
			4				28				(230	)			(5	)			(203	)
Income (loss) before provision for income taxes:			3,603				648				(1,809	)			(358	)			2,084
Provision for income taxes			—				—				(282	)			—				(282	)
Net Income			3,603				648				(2,091	)			(358	)			1,802
Less: Net Income attributable to noncontrolling interests			(681	)			—				—				—				(681	)
Net Income Attributable to Flanigan's Enterprises, Inc.		$	2,922			$	648			$	(2,091	)		$	(358	)		$	1,121

		Restaurant				Package				Corporate				Eliminations				Total
REVENUES:
Restaurant food sales		$	28,126			$	—			$	—			$	—			$	28,126
Intersegment revenues			1,092				—				—				(1,092	)			—
Restaurant bar sales			7,687				—				—				—				7,687
Package goods sales			—				8,791				—				—				8,791
TOTAL REVENUE:			36,905				8,791				—				(1,092	)			44,604
COST OF MERCHANDISE SOLD:			11,735				6,498				—				—				18,233
Intersegment cost of merchandise sold			1,092				—				—				(1,092	)			—
TOTAL COST OF MERCHANDISE SOLD:			12,827				6,498				—				(1,092	)			18,233
GROSS PROFIT:			24,078				2,293				—				—				26,371
ADDITIONAL REVENUES:
Franchise-related revenues			—				—				466				—				466
Intersegment franchise-related revenues			—				—				1,694				(1,694	)			—
Rental income			—				—				252				—				252
Intersegment rental income			—				—				206				(206	)			—
Intersegment partnership income			—				—				446				(446	)			—
Other operating income			45				—				5				—				50
TOTAL ADDITIONAL REVENUES:			45				—				3,069				(2,346	)			768
ADDITIONAL EXPENSES:
Payroll and related costs			12,007				692				1,899				—				14,598
Intersegment payroll costs			—				(6	)			—				6				—
Operating expenses			4,989				649				370				—				6,008
Intersegment operating expenses			619				—				1,015				(1,634	)			—
Occupancy costs			1,579				207				128				—				1,914
Intersegment occupancy costs			165				41				—				(206	)			—
Selling, general and administrative expenses			282				42				667				—				991
Intersegment selling, general and administrative expenses			—				—				71				(71	)			—
Depreciation and amortization			684				129				115				—				928
TOTAL ADDITIONAL EXPENSES:			20,325				1,754				4,265				(1,905	)			24,439
Income from Operations			3,798				539				(1,196	)			(441	)			2,700
OTHER INCOME (EXPENSE):
Interest expense			—				—				(264	)			—				(264	)
Intersegment interest expense			—				—				(2	)			2				—
Interest and other income			1				16				9				—				26
Intersegment interest and other income			—				5				2				(7	)			—
			1				21				(255	)			(5	)			(238	)
Income (loss) before provision for income taxes:			3,799				560				(1,451	)			(446	)			2,462
Provision for income taxes			—				—				(51	)			—				(51	)
Net Income			3,799				560				(1,502	)			(446	)			2,411
Less: Net Income attributable to noncontrolling interests			(806	)			—				—				—				(806	)
Net Income Attributable to Flanigan's Enterprises, Inc.		$	2,993			$	560			$	(1,502	)		$	(446	)		$	1,605

		Restaurant				Package				Corporate				Eliminations				Total
REVENUES:
Restaurant food sales		$	86,182			$	—			$	—			$	—			$	86,182
Intersegment revenues			3,115				—				—				(3,115	)			—
Restaurant bar sales			22,780				—				—				—				22,780
Package goods sales			—				31,034				—				—				31,034
TOTAL REVENUE:			112,077				31,034				—				(3,115	)			139,996
COST OF MERCHANDISE SOLD:
Cost of merchandise sold:			37,145				23,075				—				—				60,220
Intersegment cost of merchandise sold			3,115				—				—				(3,115	)			—
TOTAL COST OF MERCHANDISE SOLD:			40,260				23,075				—				(3,115	)			60,220
GROSS PROFIT:			71,817				7,959				—				—				79,776
ADDITIONAL REVENUES:
Franchise-related revenues			—				—				1,291				—				1,291
Intersegment franchise-related revenues			—				—				4,484				(4,484	)			—
Rental income			—				—				844				—				844
Intersegment rental income			—				—				635				(635	)			—
Intersegment partnership income			—				—				986				(986	)			—
Other operating income			127				—				53				—				180
TOTAL ADDITIONAL REVENUES:			127				—				8,293				(6,105	)			2,315
ADDITIONAL EXPENSES:
Payroll and related costs			36,777				2,394				5,487				—				44,658
Intersegment payroll costs			—				(18	)			—				18				—
Operating expenses			15,328				2,051				1,186				—				18,565
Intersegment operating expenses			1,845				—				2,457				(4,302	)			—
Occupancy costs			4,942				745				431				—				6,118
Intersegment occupancy costs			498				137				—				(635	)			—
Selling, general and administrative expenses			828				132				2,907				—				3,867
Intersegment selling, general and administrative expenses			—				—				215				(215	)			—
Depreciation and amortization			2,338				375				406				—				3,119
TOTAL ADDITIONAL EXPENSES:			62,556				5,816				13,089				(5,134	)			76,327
Income from Operations			9,388				2,143				(4,796	)			(971	)			5,764
OTHER INCOME (EXPENSE):
Interest expense			—				—				(768	)			—				(768	)
Intersegment interest expense			—				—				(6	)			6				—
Interest and other income			17				60				54				—				131
Intersegment interest and other income			—				15				6				(21	)			—
Gain on sale of property and equipment			—				—				2				—				2
			17				75				(712	)			(15	)			(635	)
Income (loss) before provision for income taxes:			9,405				2,218				(5,508	)			(986	)			5,129
Provision for income taxes			—				—				(209	)			—				(209	)
Net Income			9,405				2,218				(5,717	)			(986	)			4,920
Less: Net Income attributable to noncontrolling interests			(1,748	)			—				—				—				(1,748	)
Net Income Attributable to Flanigan's Enterprises, Inc.		$	7,657			$	2,218			$	(5,717	)		$	(986	)		$	3,172

		Restaurant				Package				Corporate				Eliminations				Total
REVENUES:
Restaurant food sales		$	80,006			$	—			$	—			$	—			$	80,006
Intersegment revenues			3,216				—				—				(3,216	)			—
Restaurant bar sales			21,956				—				—				—				21,956
Package goods sales			—				26,853				—				—				26,853
TOTAL REVENUE:			105,178				26,853				—				(3,216	)			128,815
COST OF MERCHANDISE SOLD:			33,751				19,694				—				—				53,445
Intersegment cost of merchandise sold			3,216				—				—				(3,216	)			—
TOTAL COST OF MERCHANDISE SOLD:			36,967				19,694				—				(3,216	)			53,445
GROSS PROFIT:			68,211				7,159				—				—				75,370
ADDITIONAL REVENUES:
Franchise-related revenues			—				—				1,409				—				1,409
Intersegment franchise-related revenues			—				—				4,932				(4,932	)			—
Rental income			—				—				683				—				683
Intersegment rental income			—				—				619				(619	)			—
Intersegment partnership income			—				—				1,163				(1,163	)			—
Other operating income			113				—				16				—				129
TOTAL ADDITIONAL REVENUES:			113				—				8,822				(6,714	)			2,221
ADDITIONAL EXPENSES:
Payroll and related costs			34,602				2,236				5,570				—				42,408
Intersegment payroll costs			—				(18	)			—				18				—
Operating expenses			14,375				2,021				1,056				—				17,452
Intersegment operating expenses			1,718				—				3,045				(4,763	)			—
Occupancy costs			4,661				628				351				—				5,640
Intersegment occupancy costs			496				123				—				(619	)			—
Selling, general and administrative expenses			777				131				1,979				—				2,887
Intersegment selling, general and administrative expenses			—				—				201				(201	)			—
Depreciation and amortization			1,930				338				328				—				2,596
TOTAL ADDITIONAL EXPENSES:			58,559				5,459				12,530				(5,565	)			70,983
Income from Operations			9,765				1,700				(3,708	)			(1,149	)			6,608
OTHER INCOME (EXPENSE):
Interest expense			—				—				(801	)			—				(801	)
Intersegment interest expense			—				—				(6	)			6				—
Interest and other income			6				42				12				—				60
Intersegment interest and other income			—				14				6				(20	)			—
			6				56				(789	)			(14	)			(741	)
Income (loss) before provision for income taxes:			9,771				1,756				(4,497	)			(1,163	)			5,867
Provision for income taxes			—				—				(404	)			—				(404	)
Net Income			9,771				1,756				(4,901	)			(1,163	)			5,463
Less: Net Income attributable to noncontrolling interests			(1,337	)			—				—				—				(1,337	)
Net Income Attributable to Flanigan's Enterprises, Inc.		$	8,434			$	1,756			$	(4,901	)		$	(1,163	)		$	4,126

		(in thousands)
		Thirteen Weeks Ended								Thirty-Nine Weeks Ended
		June 29,				July 1,				June 29,				July 1,
		2024				2023				2024				2023
Capital Expenditures:
Restaurants		$	848			$	2,511			$	4,486			$	5,757
Package stores			48				3,299				114				3,761
Corporate			72				8,638				682				9,172
Consolidated Totals		$	968			$	14,448			$	5,282			$	18,690

		(in thousands)
		June 29,				September 30,
		2024				2023
Identifiable Assets:
Restaurants		$	77,183			$	76,575
Package stores			23,636				23,714
Corporate			42,270				45,480
Consolidated Totals		$	143,089			$	145,769

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
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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X

- References

No definition available.

+ Details

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