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RECENT RESTAURANT DISPOSITIONS | 12 Months Ended
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Sep. 28, 2019
Recent Restaurant Dispositions [Abstract] |
RECENT RESTAURANT DISPOSITIONS | RECENT RESTAURANT DISPOSITIONSAs of December 29, 2018, the Company determined that it would not be able to operate Durgin-Park profitably due to decreased traffic at the Faneuil Hall Marketplace in Boston, MA, where it was located, and rising labor costs. As a result, included in the consolidated statement of income for the year ended September 28, 2019 are losses on closure in the amount of $1,106,000 consisting of: (i) impairment of trademarks in the amount of $721,000, (ii) accelerated depreciation of fixed assets in the amount of $333,000, and (iii) write-offs of prepaid and other expenses in the amount of $52,000. The restaurant closed on January 12, 2019.

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