v3.22.4
Consolidated Statements of Earnings (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Dec. 25, 2022
Dec. 26, 2021
Dec. 25, 2022
Dec. 26, 2021
REVENUES        
Revenues $ 26,154 $ 25,913 $ 103,371 $ 90,110
COSTS AND EXPENSES        
Cost of sales 14,925 16,040 59,490 51,536
Restaurant operating expenses 932 547 3,217 2,874
Depreciation and amortization 303 259 837 807
General and administrative expenses 3,161 2,975 10,122 9,702
Advertising fund expense 501 479 1,679 1,437
Total costs and expenses 19,822 20,300 75,345 66,356
Income from operations 6,332 5,613 28,026 23,754
Interest expense (1,944) (2,650) (5,831) (7,951)
Interest income 158 24 260 88
Other (expense) income, net (60) 3 (4) 24
Income before provision for income taxes 4,486 2,990 22,451 15,915
Provision for income taxes 1,223 860 6,093 4,477
Net income $ 3,263 $ 2,130 $ 16,358 $ 11,438
Weighted average shares used in computing income per share:        
Basic (in shares) 4,080 4,115 4,092 4,115
Diluted (in shares) 4,116 4,115 4,104 4,115
Income per share:        
Basic (in dollars per share) $ 0.80 $ 0.52 $ 4.00 $ 2.78
Diluted (in dollars per share) 0.79 0.52 3.99 2.78
Dividends declared per share (in dollars per share) $ 0.45 $ 0.35 $ 1.35 $ 1.05
Product [Member]        
REVENUES        
Revenues $ 18,340 $ 18,637 $ 72,535 $ 61,462
License [Member]        
REVENUES        
Revenues 6,337 5,878 26,064 24,218
Franchise Fees and Royalties [Member]        
REVENUES        
Revenues 976 919 3,268 2,993
Advertising Fund Revenue [Member]        
REVENUES        
Revenues $ 501 $ 479 $ 1,504 $ 1,437