|
Consolidated Statements of Operations (Unaudited) (USD $)
|
3 Months Ended |
|
May 26, 2013
|
May 20, 2012
|
| Revenues |
$ 20,930,000 |
$ 20,314,000 |
| Cost of sales: |
|
|
| Food, paper and beverage |
6,863,000 |
6,597,000 |
| Labor and benefits |
5,957,000 |
5,751,000 |
| Restaurant operating expenses |
4,971,000 |
4,975,000 |
| Depreciation and amortization |
681,000 |
604,000 |
| General and administrative expenses |
1,168,000 |
1,194,000 |
| Loss on restaurant assets |
59,000 |
370,000 |
| Operating income |
1,231,000 |
823,000 |
| Interest expense: |
|
|
| Bank debt and notes payable |
180,000 |
230,000 |
| Capital leases |
477,000 |
502,000 |
| Other (income) and expense, net |
82,000 |
(19,000) |
| Income before income taxes |
492,000 |
110,000 |
| Provision for income taxes |
85,000 |
71,000 |
| Net income |
$ 407,000 |
$ 39,000 |
| Basic net income per common share: (in Dollars per share) |
$ 0.11 |
$ 0.01 |
| Diluted net income per common share: (in Dollars per share) |
$ 0.11 |
$ 0.01 |
| Basic weighted average number of shares outstanding (in Shares) |
3,542,519 |
2,934,995 |
| Diluted weighted average number of shares outstanding (in Shares) |
3,613,868 |
2,934,995 |