v3.25.1
Summary of Significant Accounting Policies (Tables)
9 Months Ended
Mar. 30, 2025
Summary of Significant Accounting Policies [Abstract]  
Financial Assets and Financial Liabilities Measured at Fair Value
The following table summarizes the Company’s financial assets and financial liabilities measured at fair value (in thousands): 
 
  
March 30, 2025
 
June 30, 2024
Fair Value Measurements
 
Level 1
 
Level 2
 
Level 3
 
Total
 
Level 1
 
Level 2
 
Level 3
 
Total
U.S. Treasury bills $7,987  $  $  $7,987  $4,945  $  $  $4,945 
  $7,987  $  $  $7,987  $4,945  $  $  $4,945 
Allowance for Credit Losses
Changes in the allowance for credit losses from continuing operations consisted of the following (in thousands):
 
  
Three Months Ended
 
Nine Months Ended
  
March 30,
2025
 
March 24,
2024
 
March 30,
2025
 
March 24,
2024
Balance at beginning of year
 $42  $22  $57  $58 
Provision (recovery) for credit losses
  (14)  10   (22)  46 
Amounts recovered (written off)
  2   1   (5)  (71)
Ending balance
 $30  $33  $30  $33 
Total Revenues
Total revenues consist of the following (in thousands):
 
  
Three Months Ended
 
Nine Months Ended
  
March 30,
2025
 
March 24,
2024
 
March 30,
2025
 
March 24,
2024
Franchise royalties
 $1,156  $1,166  $3,420  $3,563 
Supplier and distributor incentive revenues
  1,230   1,191   3,578   3,341 
Franchise license fees
  52   93   116   245 
Area development exclusivity fees and foreign master license fees
  3   4   10   11 
Advertising fund contributions
  514   450   1,480   1,297 
Supplier convention funds
     30   217   217 
Rental income
  7   23   53   108 
Other
  4   5   11   13 
  $2,966  $2,962  $8,885  $8,795