XML 12 R2.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Jul. 03, 2021
Oct. 03, 2020
CURRENT ASSETS:    
Cash and cash equivalents (includes $676 at July 3, 2021 and $567 at October 3, 2020 related to VIEs) $ 18,280 $ 16,886
Accounts receivable (includes $218 at July 3, 2021 and $162 at October 3, 2020 related to VIEs) 3,997 1,738
Employee receivables 373 385
Inventories (includes $29 at July 3, 2021 and $27 at October 3, 2020 related to VIEs) 2,172 2,553
Prepaid and refundable income taxes (includes $278 at July 3, 2021 and $274 at October 3, 2020 related to VIEs) 3,716 2,870
Prepaid expenses and other current assets (includes $47 at July 3, 2021 and $13 at October 3, 2020 related to VIEs) 2,895 2,469
Total current assets 31,433 26,901
FIXED ASSETS - Net (includes $219 at July 3, 2021 and $241 at October 3, 2020 related to VIEs) 36,338 37,682
OPERATING LEASE RIGHT-OF-USE ASSETS - Net (includes $2,406 at July 3, 2021 and $2,658 at October 3, 2020 related to VIEs) 57,633 54,191
INTANGIBLE ASSETS - Net 378 49
GOODWILL 17,440 15,570
TRADEMARKS 4,220 3,720
DEFERRED INCOME TAXES 5,215 5,897
INVESTMENT IN AND RECEIVABLE FROM NEW MEADOWLANDS RACETRACK 6,915 6,874
OTHER ASSETS (includes $82 at July 3, 2021 and October 3, 2020 related to VIEs) 2,549 2,432
TOTAL ASSETS 162,121 153,316
CURRENT LIABILITIES:    
Accounts payable - trade (includes $134 at July 3, 2021 and $119 at October 3, 2020 related to VIEs) 4,533 2,329
Accrued expenses and other current liabilities (includes $565 at July 3, 2021 and $331 at October 3, 2020 related to VIEs) 15,111 12,688
Current portion of operating lease liabilities (includes $243 at July 3, 2021 and $226 at October 3, 2020 related to VIEs) 6,546 6,117
Current portion of notes payable (includes $77 at July 3, 2021 related to VIEs) 7,377 9,001
Total current liabilities 33,567 30,135
OPERATING LEASE LIABILITIES, LESS CURRENT PORTION (includes $2,257 at July 3, 2021 and $2,442 at October 3, 2020 related to VIEs) 54,626 49,960
NOTES PAYABLE, LESS CURRENT PORTION, net of deferred financing costs (includes $290 at July 3, 2021 and $723 at October 3, 2020 related to VIEs) 29,455 36,068
TOTAL LIABILITIES 117,648 116,163
COMMITMENTS AND CONTINGENCIES
EQUITY:    
Common stock, par value $0.01 per share - authorized, 10,000 shares; issued and outstanding, 3,552 shares at July 3, 2021 and 3,502 shares at October 3, 2020 36 35
Additional paid-in capital 14,419 13,503
Retained earnings 29,056 22,989
Total Ark Restaurants Corp. shareholders’ equity 43,511 36,527
NON-CONTROLLING INTERESTS 962 626
TOTAL EQUITY 44,473 37,153
TOTAL LIABILITIES AND EQUITY $ 162,121 $ 153,316