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SEGMENT REPORTING
 12 Months Ended
Jun. 30, 2024
SEGMENT REPORTING [Abstract]  
SEGMENT REPORTING
NOTE K - 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) Corporate administration and other. 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.


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.


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 and for the fiscal years ended June 30, 2024 and June 25, 2023 (in thousands):

   
Fiscal Year Ended
  
   
June 30,
2024
    
June 25,
2023
  
Net sales and operating revenues:
            
Pizza Inn Franchising
  
$
10,295
    
$
9,810
  
Pie Five Franchising
    
1,724
      
1,893
  
Corporate administration and other
    
131
      
186
  
Consolidated revenues
  
$
12,150
    
$
11,889
  
                 
Depreciation and amortization:
                
Corporate administration and other
   $
219
     $
214
  
Depreciation and amortization
  
$
219
    
$
214
  
                 
Income before taxes:
                
Pizza Inn Franchising
  
$
7,310
    
$
6,751
  
Pie Five Franchising
    
1,053
      
996
  
Combined
    
8,363
      
7,747
  
Corporate administration and other
    
(5,271
)
    
(5,597
)
Income before taxes
  
$
3,092
    
$
2,150
  


The following table provides information on our foreign and domestic revenues:

Geographic information (revenues):
            
United States
  
$
11,940
    
$
11,627
  
Foreign countries
    
210
      
262
  
Consolidated revenues
  
$
12,150
    
$
11,889