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Segment Reporting | 9 Months Ended
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Mar. 26, 2023
Segment Reporting [Abstract] |
Segment Reporting | Note H - Segment Reporting The Company has three reportable operating segments as determined by management using the “management approach” as defined by ASC 280 Disclosures about Segments of an Enterprise and Related Information: (1) Pizza Inn Franchising, (2) Pie Five Franchising and (3) Company-Owned Restaurants. These segments are a result of differences in the nature of the products and services sold. Corporate administration costs, which include, but are not limited to, general accounting, human resources, legal and credit and collections, are partially allocated to the three operating segments. Other revenue consists of nonrecurring items. The Pizza Inn and Pie Five Franchising segments establish franchisees, licensees and territorial rights. Revenue for these segments are derived from franchise royalties, franchise fees, sale of area development and foreign master license rights, incentive payments from third party suppliers and distributors, advertising funds, and supplier convention funds. Assets for these segments include equipment, furniture and fixtures. The Company-Owned Restaurants segment includes sales and operating results for all Company-owned restaurants. Assets for this segment include equipment, furniture and fixtures for the Company-owned restaurants. As of March 26, 2023, the Company did not operate any Company-owned restaurants. Corporate administration and other assets primarily include cash and short-term investments, as well as furniture and fixtures located at the corporate office and trademarks and other intangible assets. All assets are located within the United States. Summarized in the following tables are net sales and operating revenues, depreciation and amortization expense, income from continuing operations before taxes, capital expenditures and assets for the Company’s reportable segments as of the three and nine months ended March 26, 2023 and March 27, 2022 (in thousands):
|  | Three Months Ended |  |  | Nine Months Ended |
|  | March 26, 2023 |  |  | March 27, 2022 |  |  | March 26, 2023 |  |  | March 27, 2022 |
Net sales and operating revenues: |  |  |  |  |  |  |  |  |  |  |  |
Pizza Inn Franchising |  | $ | 2,450 |  |  | $ | 2,091 |  |  | $ | 7,270 |  |  | $ | 6,279 |
Pie Five Franchising |  |  | 473 |  |  |  | 482 |  |  |  | 1,431 |  |  |  | 1,450 |
Company-Owned Restaurants |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Corporate administration and other |  |  | 47 |  |  |  | 47 |  |  |  | 140 |  |  |  | 140 |
Consolidated revenues |  | $ | 2,970 |  |  | $ | 2,620 |  |  | $ | 8,841 |  |  | $ | 7,869 |
Depreciation and amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate administration and other |  | $ | 54 |  |  | $ | 46 |  |  | $ | 158 |  |  | $ | 138 |
Depreciation and amortization |  | $ | 54 |  |  | $ | 46 |  |  | $ | 158 |  |  | $ | 138 |
Income before taxes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pizza Inn Franchising |  | $ | 1,701 |  |  | $ | 1,648 |  |  | $ | 4,907 |  |  | $ | 4,506 |
Pie Five Franchising |  |  | 258 |  |  |  | 220 |  |  |  | 761 |  |  |  | 748 |
Company-Owned Restaurants |  |  | — |  |  |  | (1 | ) |  |  | — |  |  |  | (3 | )
Combined |  |  | 1,959 |  |  |  | 1,867 |  |  |  | 5,668 |  |  |  | 5,251 |
Corporate administration and other |  |  | (1,521 | ) |  |  | (1,371 | ) |  |  | (4,343 | ) |  |  | (4,006 | )
Income before taxes |  | $ | 438 |  |  | $ | 496 |  |  | $ | 1,325 |  |  | $ | 1,245 |
Geographic information (revenues): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 2,910 |  |  | $ | 2,547 |  |  | $ | 8,638 |  |  | $ | 7,643 |
Foreign countries |  |  | 60 |  |  |  | 73 |  |  |  | 203 |  |  |  | 226 |
Consolidated revenues |  | $ | 2,970 |  |  | $ | 2,620 |  |  | $ | 8,841 |  |  | $ | 7,869 |

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -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 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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