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RECENT RESTAURANT EXPANSION AND OTHER DEVELOPMENTS (Tables) | 12 Months Ended
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Oct. 03, 2020
Business Combinations [Abstract] |
Allocation of Fair Values of Assets Acquired | The fair values of the assets acquired, none of which are amortizable, were allocated as follows (amounts in thousands):
Cash | $ | 11 |
Inventory | 80 |
Furniture, fixtures and equipment | 200 |
Trademarks | 1,110 |
Goodwill | 5,690 |
Liabilities assumed | (55) |
| $ | 7,036 |
Pro Forma Information | The unaudited pro forma financial information, which has been adjusted for rent payments under the lease discussed above as well as interest expense of the term loan, is presented for informational purposes only and may not be indicative of what actual results of operations would have been had the acquisition of JB's on the Beach occurred on the dates indicated, nor does it purport to represent the results of operations for future periods (amounts in thousands, except per share amounts).
|  | Year Ended
|  | September 28, 2019
|  | (unaudited)
Total revenues |  | $ | 170,132 |
Net income |  | $ | 3,336 |
Net income per share - basic |  | $ | 0.96 |
Net income per share - diluted |  | $ | 0.94 |
Weighted average number of common shares outstanding: |  |
Basic |  | 3,479 |
Diluted |  | 3,531 |

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=116869197&loc=d3e4845-128472 + Details
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