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CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Apr. 03, 2021
Oct. 03, 2020
CURRENT ASSETS:    
Cash and cash equivalents (includes $544 at April 3, 2021 and $567 at October 3, 2020 related to VIEs) $ 11,398 $ 16,886
Accounts receivable (includes $158 at April 3, 2021 and $162 at October 3, 2020 related to VIEs) 3,463 1,738
Employee receivables 391 385
Inventories (includes $22 at April 3, 2021 and $27 at October 3, 2020 related to VIEs) 2,150 2,553
Prepaid and refundable income taxes (includes $276 at April 3, 2021 and $274 at October 3, 2020 related to VIEs) 4,571 2,870
Prepaid expenses and other current assets (includes $33 at April 3, 2021 and $13 at October 3, 2020 related to VIEs) 2,127 2,469
Total current assets 24,100 26,901
FIXED ASSETS - Net (includes $227 at April 3, 2021 and $241 at October 3, 2020 related to VIEs) 36,826 37,682
OPERATING LEASE RIGHT-OF-USE ASSETS - Net (includes $2,470 at April 3, 2021 and $2,658 at October 3, 2020 related to VIEs) 59,313 54,191
INTANGIBLE ASSETS - Net 425 49
GOODWILL 17,440 15,570
TRADEMARKS 4,220 3,720
DEFERRED INCOME TAXES 9,042 5,897
INVESTMENT IN AND RECEIVABLE FROM NEW MEADOWLANDS RACETRACK 6,901 6,874
OTHER ASSETS (includes $82 at April 3, 2021 and October 3, 2020 related to VIEs) 2,567 2,432
TOTAL ASSETS 160,834 153,316
CURRENT LIABILITIES:    
Accounts payable - trade (includes $94 at April 3, 2021 and $119 at October 3, 2020 related to VIEs) 3,683 2,329
Accrued expenses and other current liabilities (includes $248 at April 3, 2021 and $331 at October 3, 2020 related to VIEs) 12,592 12,688
Current portion of operating lease liabilities (includes $237 at April 3, 2021 and $226 at October 3, 2020 related to VIEs) 6,321 6,117
Current portion of notes payable (includes $142 at April 3, 2021 related to VIEs) 5,065 9,001
Total current liabilities 27,661 30,135
OPERATING LEASE LIABILITIES, LESS CURRENT PORTION (includes $2,321 at April 3, 2021 and $2,442 at October 3, 2020 related to VIEs) 56,310 49,960
NOTES PAYABLE, LESS CURRENT PORTION, net of deferred financing costs (includes $691 at April 3, 2021 and $723 at October 3, 2020 related to VIEs) 35,643 36,068
TOTAL LIABILITIES 119,614 116,163
COMMITMENTS AND CONTINGENCIES
EQUITY:    
Common stock, par value $0.01 per share - authorized, 10,000 shares; issued and outstanding, 3,532 shares at April 3, 2021 and 3,502 shares at October 3, 2020 35 35
Additional paid-in capital 14,062 13,503
Retained earnings 26,387 22,989
Total Ark Restaurants Corp. shareholders’ equity 40,484 36,527
NON-CONTROLLING INTERESTS 736 626
TOTAL EQUITY 41,220 37,153
TOTAL LIABILITIES AND EQUITY $ 160,834 $ 153,316