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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Oct. 02, 2021
Oct. 03, 2020
CURRENT ASSETS:    
Cash and cash equivalents (includes $785 at October 2, 2021 and $567 at October 3, 2020 related to VIEs) $ 19,171 $ 16,886
Accounts receivable (includes $358 at October 2, 2021 and $162 at October 3, 2020 related to VIEs) 4,113 1,738
Employee receivables 380 385
Inventories (includes $35 at October 2, 2021 and $27 at October 3, 2020 related to VIEs) 3,510 2,553
Prepaid and refundable income taxes (includes $278 at October 2, 2021 and $274 at October 3, 2020 related to VIEs) 3,896 2,870
Prepaid expenses and other current assets (includes $277 at October 2, 2021 and $13 at October 3, 2020 related to VIEs) 3,205 2,469
Total current assets 34,275 26,901
FIXED ASSETS - Net (includes $218 at October 2, 2021 and $241 at October 3, 2020 related to VIEs) 36,174 37,682
OPERATING LEASE RIGHT-OF-USE ASSETS - Net (includes $2,342 at October 2, 2021 and $2,658 at October 3, 2020 related to VIEs) 56,336 54,191
INTANGIBLE ASSETS - Net 376 49
GOODWILL 17,440 15,570
TRADEMARKS 4,220 3,720
DEFERRED INCOME TAXES 3,700 5,897
INVESTMENT IN AND RECEIVABLE FROM NEW MEADOWLANDS RACETRACK 6,425 6,874
OTHER ASSETS (includes $82 at October 2, 2021 and October 3, 2020 related to VIEs) 2,270 2,432
TOTAL ASSETS 161,216 153,316
CURRENT LIABILITIES:    
Accounts payable - trade (includes $213 at October 2, 2021 and $119 at October 3, 2020 related to VIEs) 4,886 2,329
Accrued expenses and other current liabilities (includes $374 at October 2, 2021 and $331 at October 3, 2020 related to VIEs) 13,679 12,688
Current portion of operating lease liabilities (includes $249 at October 2, 2021 and $226 at October 3, 2020 related to VIEs) 6,165 6,117
Current portion of notes payable (includes $95 at October 2, 2021 related to VIEs) 6,973 9,001
Total current liabilities 31,703 30,135
OPERATING LEASE LIABILITIES, LESS CURRENT PORTION (includes $2,193 at October 2, 2021 and $2,442 at October 3, 2020 related to VIEs) 52,552 49,960
NOTES PAYABLE, LESS CURRENT PORTION, net of deferred financing costs (includes $101 at October 2, 2021 and $723 at October 3, 2020 related to VIEs) 25,509 36,068
TOTAL LIABILITIES 109,764 116,163
COMMITMENTS AND CONTINGENCIES
EQUITY:    
Common stock, par value $0.01 per share - authorized, 10,000 shares; issued and outstanding, 3,551 shares at October 2, 2021 and 3,502 shares at October 3, 2020 36 35
Additional paid-in capital 14,492 13,503
Retained earnings 35,884 22,989
Total Ark Restaurants Corp. shareholders’ equity 50,412 36,527
NON-CONTROLLING INTERESTS 1,040 626
TOTAL EQUITY 51,452 37,153
TOTAL LIABILITIES AND EQUITY $ 161,216 $ 153,316