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Segment Reporting
 3 Months Ended
Sep. 24, 2023
Segment Reporting [Abstract]  
Segment Reporting

Note G - Segment Reporting

The Company has two 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 and (2) Pie Five Franchising. 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 and incentive payments from third party suppliers and distributors. 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 September 24, 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 operating revenues, depreciation and amortization expense, and income before taxes for the Company’s reportable segments as of the three months ended September 24, 2023 and September 25, 2022 (in thousands):

   
Three Months Ended
  
   
September 24, 2023
    
September 25, 2022
  
Net sales and operating revenues:
            
Pizza Inn Franchising
  
$
2,604
    
$
2,469
  
Pie Five Franchising
    
438
      
488
  
Corporate administration and other
    
47
      
48
  
Consolidated revenues
  
$
3,089
    
$
3,005
  
                 
Depreciation and amortization:
                
Corporate administration and other
   $
55
     $
51
  
Depreciation and amortization
  
$
55
    
$
51
  
                 
Income before taxes:                
Pizza Inn Franchising
  
$
1,661
    
$
1,511
  
Pie Five Franchising
    
209
      
244
  
Combined
    
1,870
      
1,755
  
Corporate administration and other
    
(1,352
)
    
(1,356
)
Income before taxes
  
$
518
    
$
399
  
                 
Geographic information (revenues):                
United States
  
$
3,036
    
$
2,929
  
Foreign countries
    
53
      
76
  
Consolidated revenues
  
$
3,089
    
$
3,005