XML 20 R7.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Oct. 03, 2015
Sep. 27, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Consolidated net income $ 6,392,000 $ 6,185,000
Adjustments to reconcile consolidated net income to net cash provided by operating activities:    
Loss on closure of restaurants   9,000
Deferred income taxes 213,000 (408,000)
Stock-based compensation 426,000 349,000
Depreciation and amortization 4,415,000 4,619,000
Operating lease deferred credit (423,000) (387,000)
Excess tax benefits related to stock-based compensation (113,000) (220,000)
Changes in operating assets and liabilities:    
Accounts receivable (205,000) (304,000)
Inventories (124,000) (43,000)
Prepaid, refundable and accrued income taxes 1,428,000 1,786,000
Prepaid expenses and other current assets (874,000) (290,000)
Other assets (445,000) (286,000)
Accounts payable - trade 615,000 (166,000)
Accrued expenses and other current liabilities (4,000) 1,061,000
Net cash provided by operating activities 11,301,000 11,905,000
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of fixed assets (3,204,000) (3,598,000)
Loans and advances made to employees (247,000) (261,000)
Payments received on employee receivables 161,000 208,000
Payments received on note receivable 253,000 747,000
Purchase of leasehold rights (400,000) (114,000)
Net cash used in investing activities (3,659,000) (6,692,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal payments on notes payable (1,794,000) (2,339,000)
Dividends paid (4,240,000) (3,281,000)
Proceeds from issuance of stock upon exercise of stock options 525,000 1,621,000
Excess tax benefits related to stock-based compensation 113,000 220,000
Distributions to non-controlling interests (1,173,000) (1,520,000)
Net cash used in financing activities (6,569,000) (5,299,000)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 1,073,000 (86,000)
CASH AND CASH EQUIVALENTS, Beginning of year 8,662,000 8,748,000
CASH AND CASH EQUIVALENTS, End of year 9,735,000 8,662,000
Cash paid during the year for:    
Interest 238,000 201,000
Income taxes 956,000 790,000
Non-cash financing activity:    
Note payable in connection with the purchase of The Rustic Inn   6,000,000
Accrued dividend   844,000
Change in excess tax benefits from stock-based compensation (548,000)  
Meadowlands Newmark LLC [Member]    
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of member interest in Meadowlands Newmark LLC $ (222,000) (464,000)
Loan made to Meadowlands Newmark LLC   (1,500,000)
The Rustic Inn [Member]    
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of The Rustic Inn   $ (1,710,000)