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Document And Entity Information
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6 Months Ended | |
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Sep. 23, 2012
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Nov. 02, 2012
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| Document and Entity Information [Abstract] | ||
| Entity Registrant Name | NATHANS FAMOUS INC | |
| Document Type | 10-Q | |
| Current Fiscal Year End Date | --03-31 | |
| Entity Common Stock, Shares Outstanding | 4,466,885 | |
| Amendment Flag | false | |
| Entity Central Index Key | 0000069733 | |
| Entity Current Reporting Status | Yes | |
| Entity Voluntary Filers | No | |
| Entity Filer Category | Accelerated Filer | |
| Entity Well-known Seasoned Issuer | No | |
| Document Period End Date | Sep. 23, 2012 | |
| Document Fiscal Year Focus | 2013 | |
| Document Fiscal Period Focus | Q2 |
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- Definition
If the value is true, then the document is an amendment to previously-filed/accepted document. No definition available.
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- Definition
End date of current fiscal year in the format --MM-DD. No definition available.
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- Definition
This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY. No definition available.
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- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
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- Definition
The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD. No definition available.
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- Definition
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word "Other". No definition available.
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- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument. No definition available.
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- Definition
Indicate "Yes" or "No" whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Definition
Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated) or (5) Smaller Reporting Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Indicate "Yes" or "No" if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. No definition available.
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- Definition
Indicate "Yes" or "No" if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A. No definition available.
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- Details
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- Definition
Amount due from customers, clients, or other third-parties, or arising from transactions not separately disclosed, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), net of allowances established for the purpose of reducing such receivables to an amount that approximates their net realizable value. No definition available.
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- Definition
Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of investment in debt and equity securities categorized neither as held-to-maturity nor trading. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The carrying amount of consideration received or receivable as of the balance sheet date on potential earnings that were not recognized as revenue in conformity with GAAP, and which are expected to be recognized as such within one year or the normal operating cycle, if longer, including sales, license fees, and royalties, but excluding interest income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards expected to be realized or consumed within one year or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after allocation of valuation allowances of noncurrent deferred tax asset attributable to deductible temporary differences and carryforwards. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount as of the balance sheet date, which is the cumulative amount paid and (if applicable) the fair value of any noncontrolling interest in the acquiree, adjusted for any amortization recognized prior to the adoption of any changes in generally accepted accounting principles (as applicable) and for any impairment charges, in excess of the fair value of net assets acquired in one or more business combination transactions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount (lower of cost or market) as of the balance sheet date of inventories less all valuation and other allowances. Excludes noncurrent inventory balances (expected to remain on hand past one year or one operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total of all Liabilities and Stockholders' Equity items (or Partners' Capital, as applicable), including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total obligations incurred as part of normal operations that is expected to be repaid beyond the following twelve months or one business cycle. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount of reserve for known or estimated probable loss from litigation, which may include attorneys' fees and other litigation costs, which is expected to be paid within one year of the date of the statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The total amount of investments that are intended to be held for an extended period of time (longer than one operating cycle). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent assets not separately disclosed in the balance sheet. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The total of the amounts paid in advance for capitalized costs that will be expensed with the passage of time or the occurrence of a triggering event, and will be charged against earnings within one year or the normal operating cycle, if longer, and the aggregate carrying amount of current assets, as of the balance sheet date, not separately presented elsewhere in the balance sheet. Current assets are expected to be realized or consumed within one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount, net of accumulated depreciation, depletion and amortization, of long-lived physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The carrying amounts of cash and cash equivalent items which are restricted as to withdrawal or usage. Restrictions may include legally restricted deposits held as compensating balances against short-term borrowing arrangements, contracts entered into with others, or entity statements of intention with regard to particular deposits; however, time deposits and short-term certificates of deposit are not generally included in legally restricted deposits. Excludes compensating balance arrangements that are not agreements which legally restrict the use of cash amounts shown on the balance sheet. For a classified balance sheet represents the current portion only (the noncurrent portion has a separate concept); there is a separate and distinct element for unclassified presentations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total amount of stockholders' equity (deficit) items including stock value, paid in capital, retained earnings and including equity attributable to noncontrolling interests and before deducting the carrying value of treasury stock. No definition available.
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- Definition
The amount allocated to treasury stock. Treasury stock is common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Consolidated Balance Sheets (Parentheticals) (USD $)
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Sep. 23, 2012
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Mar. 25, 2012
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| Common stock, par value (in Dollars per share) | $ 0.01 | $ 0.01 |
| Common stock, shares authorized | 30,000,000 | 30,000,000 |
| Common stock, shares issued | 8,908,371 | 8,855,263 |
| Common stock, shares outstanding | 4,416,885 | 4,363,777 |
| Treasury stock, shares | 4,491,486 | 4,491,486 |
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- Definition
Face amount or stated value of common stock per share; generally not indicative of the fair market value per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The maximum number of common shares permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Number of common and preferred shares that were previously issued and that were repurchased by the issuing entity and held in treasury on the financial statement date. This stock has no voting rights and receives no dividends. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Consolidated Statements of Earnings (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||
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Sep. 23, 2012
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Sep. 25, 2011
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Sep. 23, 2012
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Sep. 25, 2011
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| REVENUES | ||||
| Sales | $ 17,608 | $ 15,857 | $ 34,013 | $ 30,173 |
| Franchise fees and royalties | 1,508 | 1,420 | 2,938 | 2,855 |
| License royalties | 2,122 | 1,706 | 4,351 | 3,673 |
| Interest income | 100 | 134 | 200 | 312 |
| Other income | 22 | 1 | 40 | 2 |
| Total revenues | 21,360 | 19,118 | 41,542 | 37,015 |
| COSTS AND EXPENSES | ||||
| Cost of sales | 12,913 | 11,909 | 25,898 | 23,545 |
| Restaurant operating expenses | 1,053 | 920 | 1,928 | 1,739 |
| Depreciation and amortization | 267 | 245 | 541 | 472 |
| General and administrative expenses | 2,296 | 2,198 | 4,921 | 4,710 |
| Interest expense | 109 | 111 | 221 | 223 |
| Total costs and expenses | 16,638 | 15,383 | 33,509 | 30,689 |
| Earnings before provision for income taxes | 4,722 | 3,735 | 8,033 | 6,326 |
| Provision for income taxes | 1,877 | 1,466 | 3,182 | 2,461 |
| Net income | $ 2,845 | $ 2,269 | $ 4,851 | $ 3,865 |
| Basic income per share: | ||||
| Net income (in Dollars per share) | $ 0.65 | $ 0.45 | $ 1.11 | $ 0.77 |
| Diluted income per share: | ||||
| Net income (in Dollars per share) | $ 0.62 | $ 0.44 | $ 1.06 | $ 0.75 |
| Weighted average shares used in computing income per share | ||||
| Basic (in Shares) | 4,407,000 | 5,025,000 | 4,387,000 | 5,051,000 |
| Diluted (in Shares) | 4,604,000 | 5,163,000 | 4,568,000 | 5,182,000 |
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- Definition
Total costs related to goods produced and sold during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Revenue earned during the period from consideration (often a percentage of the franchisee's sales) received for the right to operate a business using the entity's name, merchandise, services, methodologies, promotional support, marketing, and supplies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Interest expense on all other items not previously classified. For example, includes dividends associated with redeemable preferred stock of a subsidiary that is treated as a liability in the parent's consolidated balance sheet. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Income derived from investments in debt securities and on cash and cash equivalents the earnings of which reflect the time value of money or transactions in which the payments are for the use or forbearance of money. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Revenue earned during the period relating to consideration received from another party for the right to use, but not own, certain of the entity's intangible assets. Licensing arrangements include, but are not limited to, rights to use a patent, copyright, technology, manufacturing process, software or trademark. Licensing fees are generally, but not always, fixed as to amount and not dependent upon the revenue generated by the licensing party. An entity may receive licensing fees for licenses that also generate royalty payments to the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense. No definition available.
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- Definition
The aggregate amount of other income amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) profits on securities (net of losses), and (d) miscellaneous other income items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue during the period from the sale of goods in the normal course of business, after deducting returns, allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Consolidated Statements of Comprehensive Income (Unaudited) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
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Sep. 23, 2012
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Sep. 25, 2011
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Sep. 23, 2012
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Sep. 25, 2011
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| Net income | $ 2,845 | $ 2,269 | $ 4,851 | $ 3,865 |
| Other comprehensive (loss) income, net of deferred income taxes: | ||||
| Unrealized (losses) gains on available for sale securities | (35) | 24 | (64) | 86 |
| Other comprehensive (loss) income | (35) | 24 | (64) | 86 |
| Comprehensive income | $ 2,810 | $ 2,293 | $ 4,787 | $ 3,951 |
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- Definition
The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Net of tax amount of the appreciation (loss) in the value of unsold available-for-sale securities. Excludes amounts related to other than temporary impairment (OTTI) losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Net of tax amount of other comprehensive income (loss) attributable to the parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This element represents the amount of recognized equity-based compensation during the period, that is, the amount recognized as expense in the income statement (or as asset if compensation is capitalized). Alternate captions include the words "stock-based compensation". Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Tax benefit associated with any equity-based compensation plan other than an employee stock ownership plan (ESOP). The tax benefit results from the deduction by the entity on its tax return for an award of stock that exceeds the cumulative compensation cost for common stock or preferred stock recognized for financial reporting. Includes any resulting tax benefit that exceeds the previously recognized deferred tax asset (excess tax benefits). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Net of tax amount of unrealized holding gain (loss) before reclassification adjustments and transfers on available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow paid by the company to cover an employee's income tax withholding obligation as part of a net-share settlement of a share-based award. No definition available.
|
| X | ||||||||||
|
- Definition
Number of shares of stock issued as of the balance sheet date, including shares that had been issued and were previously outstanding but which are now held in the treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Number of share options (or share units) exercised during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Value of stock issued as a result of the exercise of stock options. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Consolidated Statement of Stockholders' Equity (Unaudited) (Parentheticals) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
|
Sep. 23, 2012
|
Sep. 25, 2011
|
Sep. 23, 2012
|
Sep. 25, 2011
|
|
| Deferred income tax | $ (20) | $ 17 | $ (40) | $ 58 |
| X | ||||||||||
|
- Definition
Tax effect of unrealized holding gain (loss) before reclassification adjustments and transfers on available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Increase (decrease) in accrued litigation. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The component of income tax expense for the period representing the increase (decrease) in the entity's deferred tax assets and liabilities pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of excess tax benefit (tax deficiency) that arises when compensation cost from non-qualified share-based compensation recognized on the entity's tax return exceeds (is less than) compensation cost from equity-based compensation recognized in financial statements. Excess tax benefit (tax deficiency) increases (decreases) net cash provided by financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in the amount due from customers for the credit sale of goods and services; includes accounts receivable and other types of receivables. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period, excluding the portion taken into income, in the liability reflecting revenue yet to be earned for which cash or other forms of consideration was received or recorded as a receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in other noncurrent operating assets not separately disclosed in the statement of cash flows. No definition available.
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in other noncurrent operating liabilities not separately disclosed in the statement of cash flows. No definition available.
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in the value of prepaid expenses and other assets not separately disclosed in the statement of cash flows, for example, deferred expenses, intangible assets, or income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net cash inflow or outflow for the increase (decrease) associated with funds that are not available for withdrawal or use (such as funds held in escrow) and are associated with underlying transactions that are classified as investing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of cash paid for interest during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This item represents the amount of amortization of purchase premium related to an investment in debt securities. The purchase premium is amortized to expense over the life (holding period) of the security to arrive at an amount of periodic interest income which results in a constant effective yield on the investment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net cash inflow or outflow from financing activity for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net cash inflow or outflow from investing activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net cash from (used in) all of the entity's operating activities, including those of discontinued operations, of the reporting entity. Operating activities generally involve producing and delivering goods and providing services. Operating activity cash flows include transactions, adjustments, and changes in value that are not defined as investing or financing activities. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow paid by the company to cover an employee's income tax withholding obligation as part of a net-share settlement of a share-based award. No definition available.
|
| X | ||||||||||
|
- Definition
The cash outflow for securities or other assets acquired, which qualify for treatment as an investing activity and are to be liquidated, if necessary, beyond the current operating cycle. Includes cash flows from securities classified as trading securities that were acquired for reasons other than sale in the long-term. No definition available.
|
| X | ||||||||||
|
- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow associated with principal collections from a borrowing supported by a written promise to pay an obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow associated with the sale or maturity (principal being due) of securities not classified as either held-to-maturity securities or trading securities which are classified as available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow associated with the sale of a borrowing supported by a written promise to pay an obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow associated with the amount received from holders exercising their stock options. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of the current period expense charged against operations, the offset which is generally to the allowance for doubtful accounts for the purpose of reducing receivables, including notes receivable, to an amount that approximates their net realizable value (the amount expected to be collected). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 1 - Basis of Presentation
|
6 Months Ended |
|---|---|
|
Sep. 23, 2012
|
|
| Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] |
NOTE
A - BASIS OF PRESENTATION
The
accompanying consolidated financial statements of Nathan's
Famous, Inc. and subsidiaries (collectively
“Nathan’s,” the
“Company,” “we,”
“us” or “our”) as of and for the
thirteen and twenty-six week periods ended September 23, 2012
and September 25, 2011 have been prepared in accordance with
accounting principles generally accepted in the United States
of America. The unaudited financial statements
include all adjustments (consisting of normal recurring
adjustments) which, in the opinion of management, are
necessary for a fair presentation of financial condition,
results of operations and cash flows for the periods
presented. However, our results of operations are
seasonal in nature, and the results of any interim period are
not necessarily indicative of results for any other interim
period or the full fiscal year.
Certain
information and footnote disclosures normally included in
financial statements in accordance with accounting principles
generally accepted in the United States of America have been
omitted pursuant to the requirements of the Securities and
Exchange Commission. Management believes that the
disclosures included in the accompanying interim financial
statements and footnotes are adequate to make the information
not misleading, but should be read in conjunction with the
consolidated financial statements and notes thereto included
in Nathan’s Annual Report on Form 10-K for the fiscal
year ended March 25, 2012.
A
summary of the Company’s significant accounting
policies is identified in Note B of the Notes to Consolidated
Financial Statements included in the Company’s Annual
Report on Form 10-K for the fiscal year ended March 25, 2012.
There have been no changes to the Company’s significant
accounting policies subsequent to March 25, 2012.
|
| X | ||||||||||
|
- Definition
The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 2 - Recently Issued Accounting Pronouncements Not Yet Adopted
|
6 Months Ended |
|---|---|
|
Sep. 23, 2012
|
|
| Description of New Accounting Pronouncements Not yet Adopted [Text Block] |
NOTE
B – RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS NOT YET
ADOPTED
In
July 2012, the Financial Accounting Standards Board,
(“FASB”) issued new accounting guidance on
testing indefinite-lived intangible assets for impairment.
The new guidance provides the entity with the option to first
perform a qualitative assessment to determine whether it is
more likely than not that the fair value of an
indefinite-lived asset is less than its carrying value. If it
is not, then no further analysis is required otherwise then
the previously required quantitative testing is required. The
new guidance is effective for annual and interim impairment
tests performed for fiscal years beginning after September
15, 2012, which for Nathan’s will be the first quarter
of its fiscal 2014. Early adoption is permitted. We do not
expect the adoption of this new guidance to have a material
impact on the results of operations or financial
position.
|
| X | ||||||||||
|
- Definition
The entire disclosure for a new accounting pronouncement that has been issued but not yet adopted. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 3 - Fair Value Measurements
|
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Sep. 23, 2012
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair Value Disclosures [Text Block] |
NOTE
C – FAIR VALUE MEASUREMENTS
Nathan’s
follows a three-level fair value hierarchy that prioritizes
the inputs to measure fair value. This hierarchy requires
entities to maximize the use of “observable
inputs” and minimize the use of “unobservable
inputs.” The valuation hierarchy is based upon the
transparency of inputs to the valuation of an asset or
liability on the measurement date. The three levels are
defined as follows:
· Level
1 - inputs to the valuation methodology are quoted prices
(unadjusted) for an identical asset or liability in an active
market
· Level
2 - inputs to the valuation methodology include quoted prices
for a similar asset or liability in an active market, quoted
prices in markets that are not active, or model-derived
valuations in which all significant inputs are observable for
substantially the full term of the asset or liability
· Level
3 - inputs to the valuation methodology are unobservable and
significant to the fair value measurement of the asset or
liability
The
following table presents assets and liabilities measured at
fair value on a recurring basis as of September 23, 2012 and
March 25, 2012 based upon the valuation hierarchy (in
thousands):
Nathan’s
marketable securities, which consist primarily of municipal
bonds, are not actively traded. The valuation of
such bonds is based upon quoted market prices for similar
bonds currently trading in an active market or
model-derived valuations in which all significant inputs
are observable for substantially the full term of the asset
or liability. It was not practicable to estimate the fair
value of the long-term investment representing 2.5% of the
equity ownership of a privately-owned company; that
investment is carried at its original cost of $500,000 in
the statement of financial position. At year-end, the total
assets reported by the privately-owned company were
$668,000, total equity was $443,000, revenues were $215,000
and net loss was $573,000.
The
carrying amounts of cash equivalents, accounts receivable
and accounts payable approximate fair value due to the
short-term maturity of the instruments.
Certain
non-financial assets and liabilities are measured at fair
value on a nonrecurring basis; that is, the assets and
liabilities are not measured at fair value on an ongoing
basis but are subject to fair value adjustments in certain
circumstances, such as when evidence of impairment exists.
At September 23, 2012, no fair value adjustment or material
fair value measurements were required for non-financial
assets or liabilities.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Definition
The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 4 - Marketable Securities
|
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Sep. 23, 2012
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Marketable Securities [Table Text Block] |
NOTE
D – MARKETABLE SECURITIES
The
Company determines the appropriate classification of
securities at the time of purchase and reassesses the
appropriateness of the classification at each reporting date.
At September 23, 2012 and March 25, 2012, all marketable
securities held by the Company have been classified as
available-for-sale and, as a result, are stated at fair
value, based upon quoted market prices for similar assets as
determined in active markets or model-derived valuations in
which all significant inputs are observable for substantially
the full-term of the asset, with unrealized gains and losses
included as a component of accumulated other comprehensive
income. Realized gains and losses on the sale of securities
are determined on a specific identification basis. Interest
income is recorded when it is earned and deemed realizable by
the Company.
The
cost, gross unrealized gains, gross unrealized losses and
fair market value for marketable securities, which consist
entirely of municipal bonds that are classified as
available-for-sale securities, are as follows (in
thousands):
The
municipal bonds held at September 23, 2012, mature at various
dates between April 2013 and October 2019. The following
represents the bond maturities by period (in
thousands):
The
change in net unrealized (losses) gains on available-for-sale
securities for the thirteen week periods ended September 23,
2012 and September 25, 2011 of ($35), and $24, respectively,
which are net of deferred income tax (benefit) expense, of
($20) and $17, respectively, have been included as a
component of comprehensive income. The change in net
unrealized (losses) gains on available-for-sale securities
for the twenty-six week periods ended September 23, 2012 and
September 25, 2011 of ($64), and $86, respectively, which are
net of deferred income tax (benefit) expense, of ($40) and
$58, respectively, have been included as a component of
comprehensive income. Accumulated other comprehensive income
is comprised entirely of the net unrealized gains on
available-for-sales securities as of September 23, 2012 and
March 25, 2012.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Definition
Tabular disclosure of marketable securities. This may consist of investments in certain debt and equity securities, short-term investments and other assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 5 - Restricted Cash
|
6 Months Ended |
|---|---|
|
Sep. 23, 2012
|
|
| Restricted Assets Disclosure [Text Block] |
NOTE
E – RESTRICTED CASH
We
have been engaged in litigation with SMG, Inc.
(“SMG”, as further described in Note L.2) related
to a License Agreement with SMG dated as of February 28,
1994, as amended (the “License Agreement”) and,
in connection with that litigation, damages of $4,910,000
inclusive of pre-judgment interest, were assessed against
Nathan’s (the
“Judgment”). Nathan’s appealed
both of the court’s findings with respect to
SMG’s claims relating to the sale of Nathan’s
proprietary seasonings to SMG and the amount of the Judgment
(See Note L.2).
In
connection with this appeal, Nathan’s was required to
provide security for the damages, and has entered into a
Blocked Deposit Account Control Agreement (“Blocked
Account Agreement”) with SMG and Citibank, N.A. (the
“Bank”).
Nathan’s
has also entered into a Security Agreement with SMG (the
“Security Agreement”), pursuant to which,
Nathan’s has granted SMG a security interest in the
amounts on deposit in the Blocked Account at the Bank (the
“Account”) in order to secure
Nathan’s’ obligation to pay the Judgment,
together with post-judgment interest on such amount and costs
incurred in connection with such amounts.
Pursuant
to the Blocked Account Agreement, at September 23, 2012,
Nathan’s had deposited a total of $5,642,000 into the
Account which includes an amount equal to the post-judgment
interest (calculated at 9% per annum) and has classified the
amount of the Judgment along with the post-judgment interest
as restricted cash in the accompanying balance
sheet. Pursuant to the Blocked Account Agreement,
Nathan’s will have no right to withdraw amounts from
the Account, until: (1) the Bank receives written notice from
SMG (a “Release Notice”) that (a) the Judgment,
plus all applicable post-judgment interest, has been
satisfied, (b) the Judgment has been reversed or the Judgment
has been vacated and the matter remanded and that any
subsequent motions or appeals have been resolved, (c)
Nathan’s and SMG have entered a fully-executed
settlement agreement resolving the Judgment, or (d) SMG has
withdrawn its “Disposition Notice” (as defined
below) or (2) the Bank has received a Disposition Notice and
has acted in accordance with the Disposition Notice.
SMG
has agreed to deliver a Release Notice to the Bank within
five (5) business days following any of the events described
in clauses (1), (a), (b) or (c) above, and is entitled to
provide written notice (a “Disposition Notice”)
to the Bank to distribute the amounts in the Account if
either (i) the Judgment is affirmed and all appeals are
exhausted, and the amount of the Judgment plus all applicable
post-judgment interest is not satisfied by Nathan’s and
paid to SMG within thirty (30) days of such affirmance or
(ii) an Event of Default occurs under the Security
Agreement.
|
| X | ||||||||||
|
- Definition
The entire disclosure for assets that are restricted in their use, generally by contractual agreements or regulatory requirements. This would include, but not limited to, a description of the restricted assets and the terms of the restriction. No definition available.
|
|
Note 6 - Accounts and Other Receivables, Net
|
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Sep. 23, 2012
|
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| Loans, Notes, Trade and Other Receivables Disclosure [Text Block] |
NOTE
F – ACCOUNTS AND OTHER RECEIVABLES, NET
Accounts
and other receivables, net, consist of the following (in
thousands):
Accounts
receivable are due within 30 days and are stated at amounts
due from Branded Product Program customers, franchisees,
retail licensees and product manufacturers, net of an
allowance for doubtful accounts. Accounts that are
outstanding longer than the contractual payment terms are
considered past due. The Company does not recognize franchise
and license royalties that are not deemed to be realizable.
The Company individually reviews each past due account and
determines its allowance for doubtful accounts by considering
a number of factors, including the length of time accounts
receivable are past due, the Company’s previous loss
history, the customer’s current and expected future
ability to pay its obligation to the Company, the condition
of the general economy and the industry as a
whole. Based on management’s assessment, the
Company provides for estimated uncollectable amounts through
a charge to earnings. After the Company has used reasonable
collection efforts it writes off accounts receivable through
a charge to the allowance for doubtful accounts.
Changes
in the Company’s allowance for doubtful accounts for
the twenty-six-week period ended September 23, 2012 and the
fiscal year ended March 25, 2012 are as follows (in
thousands):
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- Definition
The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Note 7 - Long-Term Investment
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6 Months Ended |
|---|---|
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Sep. 23, 2012
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| Cost-method Investments, Description [Text Block] |
NOTE
G – LONG-TERM INVESTMENT
In
September 2012, Nathan’s purchased 351,550 shares of
Series A Preferred Stock in a privately-owned corporation for
$500,000. Nathan’s investment will represent a 2.5%
equity ownership in the entity and Nathan’s does not
have the ability to exercise significant influence over the
investee. The shares have voting rights on the same basis as
the common shareholders and have certain dividend rights, if
declared. Nathan’s accounts for this investment
pursuant to the cost method and recognizes income from
dividends distributed by the investee to the extent that
dividends are distributed from net accumulated earnings of
the investee. Each reporting period, management reviews the
carrying value of this investment and considers whether
indicators of impairment exist. If an impairment indicator
exists, management evaluates the fair value of our investment
to determine if an, other than temporary impairment in value
has occurred. We are required to recognize an impairment on
the investment if such impairment is considered to be other
than temporary.
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| X | ||||||||||
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- Definition
The entire disclosure for investments accounted for under the cost-method. The carrying amount of such investments may be adjusted, for example, distributions in excess of cost (return of capital) or for other-than-temporary impairments. The cost method and lower-of-cost or market, an adaptation of the cost method, is generally followed for most investments in noncontrolled corporations, in some corporate joint ventures, and to a lesser extent in unconsolidated subsidiaries in which the entity does not have the ability to exercise significant influence. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Note 8 - Income Per Share
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Sep. 23, 2012
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| Earnings Per Share [Text Block] |
NOTE
H -INCOME PER SHARE
Basic
income per common share is calculated by dividing income by
the weighted-average number of common shares outstanding and
excludes any dilutive effect of stock options. Diluted income
per common share gives effect to all potentially dilutive
common shares that were outstanding during the period.
Dilutive common shares used in the computation of diluted
income per common share result from the assumed exercise of
stock options and warrants, as determined using the treasury
stock method.
The
following chart provides a reconciliation of information used
in calculating the per-share amounts for the thirteen and
twenty-six-week periods ended September 23, 2012 and
September 25, 2011, respectively.
There
were no options to purchase shares of common stock for the
thirteen and twenty-six week periods ended September 23, 2012
and September 25, 2011 that were excluded from the
computation of diluted earnings per share.
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- Definition
The entire disclosure for earnings per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Note 9 - Income Taxes
|
6 Months Ended |
|---|---|
|
Sep. 23, 2012
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| Income Tax Disclosure [Text Block] |
NOTE
I – INCOME TAXES
The
income tax provisions for the twenty-six week periods ended
September 23, 2012 and September 25, 2011 reflect effective
tax rates of 39.6% and 38.9%, respectively, which have been
reduced from statutory rates by 1.0% and 1.8%,
respectively, for the differing effects of tax
exempt interest income.
The
amount of unrecognized tax benefits at September 23, 2012 was
$322,000, all of which would impact Nathan’s effective
tax rate, if recognized. As of September 23, 2012,
Nathan’s had $358,000 of accrued interest and penalties
in connection with unrecognized tax benefits.
During
the fiscal year ending March 31, 2013, Nathan’s will
seek to settle additional uncertain tax positions with the
tax authorities. As a result, it is reasonably possible that
the amount of unrecognized tax benefits, including the
related accrued interest and penalties, could be reduced by
up to $35,000, which would favorably impact Nathan’s
effective tax rate, although no assurances can be given in
this regard.
Nathan’s
estimates that its annual tax rate for the fiscal year ending
March 31, 2013 will be in the range of approximately 38.5% to
40.0%. The final annual tax rate is subject to
many variables, including the effect of tax-exempt interest
earned, among other factors, and therefore cannot be
determined until the end of the fiscal year; therefore, the
actual tax rate could differ from our current
estimates.
The
City of New York (“NYC”) has completed its
examination of our tax returns for the tax years ended March
2008 through March 2010. In July 2012, Nathan’s
and NYC agreed to and settled the audit findings for an
amount approximating the originally proposed findings, which
had previously been accrued in Nathan’s consolidated
financial statements for the fiscal year ended March 25,
2012. Nathan’s has also received notices from the State
of Florida and the Commonwealth of Massachusetts that our tax
returns for the fiscal years ended March 2008, March 2009 and
March 2010 will be reviewed. The Commonwealth of
Massachusetts has completed its review, including our tax
return for the fiscal year ended March 2011. During the
quarter ended September 23, 2012, we also resolved the
findings by the Commonwealth of Massachusetts for
approximately $3,000.
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| X | ||||||||||
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- Definition
The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Note 10 - Share-Based Compensation
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Sep. 23, 2012
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| Disclosure of Compensation Related Costs, Share-based Payments [Text Block] |
NOTE
J – SHARE-BASED COMPENSATION
Total
share-based compensation during the thirteen-week periods
ended September 23, 2012 and September 25, 2011 was $56,000
and $76,000, respectively. Total share-based compensation
during the twenty-six week periods ended September 23, 2012
and September 25, 2011 was $112,000 and $162,000,
respectively. Total share-based compensation is included in
general and administrative expense in our accompanying
Consolidated Statements of Earnings. As of September 23,
2012, there was $602,000 of
unamortized compensation expense related to unvested stock
options. We expect to recognize this expense over
approximately two years and eight months, which represents
the remaining requisite service periods for such
awards.
On
September 14, 2010, the Company adopted the 2010 Stock
Incentive Plan (“the 2010 Plan”) which provides
for the issuance of up to 150,000 shares pursuant to the 2010
Plan together with 171,000 shares that had not been issued
under the 2001 Stock Option Plan (the “2001
Plan”) and the 2002 Stock Incentive Plan (the
“2002 Plan”) plus any shares subject to any
outstanding options or restricted stock grants under the 2001
Plan and the 2002 Plan that subsequently expire unexercised
or are otherwise forfeited up to a maximum of an additional
100,000 shares. On September 13, 2012, the Company amended
the 2010 Plan increasing the number of shares available for
issuance by 250,000 shares. As of September 23, 2012, up to
393,500 options to purchase common stock or up to 294,844
shares of restricted stock may be granted pursuant the 2010
Plan, as amended.
There
were no share-based awards granted during the twenty-six week
period ended September 23, 2012.
During
the twenty-six week period ended September 25, 2011, the
Company granted options to purchase 177,500 shares at an
exercise price of $17.75 per share, all of which expire five
years from the date of grant. These stock options vest
ratably over a four-year period as follows: 25% on June 6,
2012, 25% on June 6, 2013, 25% on June 6, 2014 and the
balance on June 6, 2015.
The
weighted-average option fair values, as determined using the
Black-Scholes option valuation model, and the assumptions
used to estimate these values for stock options granted
during the twenty-six weeks
ended September 25, 2011, are as follows:
The
expected dividend yield is based on historical and projected
dividend yields. The Company estimates expected volatility
based primarily on historical monthly price changes of the
Company’s stock equal to the expected life of the
option. The risk free interest rate is based on the U.S.
Treasury yield in effect at the time of the grant. The
expected option term is the number of years the Company
estimates the options will be outstanding prior to exercise
based on expected employment termination behavior.
Stock options
outstanding:
Transactions
with respect to stock options for the twenty-six weeks ended
September 23, 2012 are as follows:
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| X | ||||||||||
|
- Definition
The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Note 11 - Stockholders' Equity
|
6 Months Ended |
|---|---|
|
Sep. 23, 2012
|
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| Stockholders' Equity Note Disclosure [Text Block] |
NOTE
K – STOCKHOLDERS’ EQUITY
During
the period from October 2001 through September 23, 2012,
Nathan’s purchased a total of 4,491,486 shares of its
common stock at a cost of approximately $50,313,000
pursuant to various stock repurchase plans previously
authorized by the Board of Directors. During the
twenty-six week period ended September 23, 2012, we did not
repurchase any shares.
On
February 1, 2011, Nathan’s Board of Directors
authorized a 300,000 share increase in the number of shares
that the Company may repurchase. After giving
effect to this increase, an aggregate of 407,473 shares can
still be purchased under Nathan’s existing stock
buy-back program, as of September 23, 2012.
Purchases
may be made from time to time, depending on market
conditions, in open market or privately-negotiated
transactions, at prices deemed appropriate by
management. There is no set time limit on the
repurchases to be made under these stock-repurchase
plans.
At
September 23, 2012, the Company has reserved 5,322,385 shares
of common stock for issuance upon exercise of the Common
Stock Purchase Rights approved by the Board of Directors on
June 4, 2008.
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| X | ||||||||||
|
- Definition
The entire disclosure for shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable). Including, but not limited to: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms, and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables, effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Note 12 - Commitments and Contingencies
|
6 Months Ended |
|---|---|
|
Sep. 23, 2012
|
|
| Commitments and Contingencies Disclosure [Text Block] |
NOTE
L - COMMITMENTS AND CONTINGENCIES
1.
Commitments
At
March 25, 2012, the Company had an outstanding purchase
commitment to acquire hot dogs at a cost of approximately
$4,900,000 from its primary hot dog manufacturer. At
September 23, 2012, Nathan’s had completed this
purchase commitment and has not entered into any new purchase
commitments during the fiscal 2013 period. However,
Nathan’s may enter into additional purchase commitments
in the future as favorable market conditions become
available.
2.
Contingencies
The
Company and its subsidiaries are from time to time involved
in ordinary and routine litigation. Management
presently believes that the ultimate outcome of these
proceedings, individually or in the aggregate, will not have
a material adverse effect on the Company’s financial
position, cash flows or results of
operations. Nevertheless, litigation is subject to
inherent uncertainties and unfavorable rulings could
occur. An unfavorable ruling could include money
damages and, in such event, could result in a material
adverse impact on the Company’s results of operations
for the period in which the ruling occurs or is
implemented.
The
Company is also involved in the following legal
proceeding:
The
Company is party to a License Agreement with SMG, Inc.
(“SMG”) dated as of February 28, 1994, as amended
(the “License Agreement”) pursuant to which: (i)
SMG acts as the Company’s exclusive licensee for the
manufacture, distribution, marketing and sale of packaged
Nathan’s Famous frankfurter product at supermarkets,
club stores and other retail outlets in the United States;
and (ii) the Company has the right, but not the obligation,
to require SMG to produce frankfurters for the Nathan’s
Famous restaurant system and Branded Product Program.
On
July 31, 2007, the Company provided notice to SMG that the
Company has elected to terminate the License Agreement,
effective July 31, 2008 (the “Termination Date”),
due to SMG’s breach of certain provisions of the
License Agreement. SMG has disputed that a breach has
occurred and has commenced, together with certain of its
affiliates, an action in state court in Illinois seeking,
among other things, a declaratory judgment that SMG did not
breach the License Agreement. The Company filed its own
action on August 2, 2007, in New York State court seeking a
declaratory judgment that SMG has breached the License
Agreement and that the Company has properly terminated the
License Agreement. On January 23, 2008, the New York court
granted SMG’s motion to dismiss the Company’s
case in New York on the basis that the dispute was already
the subject of a pending lawsuit in Illinois. The
Company answered SMG’s complaint in Illinois and
asserted its own counterclaims which seek, among other
things, a declaratory judgment that SMG did breach the
License Agreement and that the Company has properly
terminated the License Agreement. On July 31, 2008, SMG and
Nathan’s entered into a Stipulation pursuant to which
Nathan’s agreed that it would not effectuate the
termination of the License Agreement on the grounds alleged
in the present litigation until such litigation has been
successfully adjudicated, and SMG agreed that in such event,
Nathan’s shall have the option to require SMG to
continue to perform under the License Agreement for an
additional period of up to six months to ensure an orderly
transition of the business to a new
licensee/supplier. On June 30, 2009, SMG and
Nathan’s each filed motions for summary
judgment. Both motions for summary judgment were
ultimately denied on February 25, 2010. On January
28, 2010, SMG filed a motion for leave to file a Second
Amended Complaint and Amended Answer, which sought to assert
new claims and affirmative defenses based on Nathan’s
alleged breach of the parties’ License Agreement in
connection with the manner in which Nathan’s profits
from the sale of its proprietary seasonings to
SMG. On February 25, 2010, the court granted
SMG’s motion for leave, and its Second Amended
Complaint and Amended Answer were filed with the
court. On March 29, 2010, Nathan’s filed an
answer to SMG’s Second Amended Complaint, which denied
substantially all of the allegations in the
complaint. On September 17, 2010, SMG filed a
motion for summary judgment with respect to the claims
relating to the sale of Nathan’s proprietary seasonings
to SMG. On October 5, 2010, Nathan’s filed
an opposition to SMG’s motion for summary judgment, and
itself cross-moved for summary judgment. A trial
on the claims relating to Nathan’s termination of the
License Agreement took place between October 6 and October
13, 2010. Oral argument on the claims relating to
the sale of Nathan’s proprietary seasonings took place
prior to the start of the trial. On October 13,
2010, an Order was entered with the Court denying
Nathan’s cross-motion and granting SMG’s motion
for summary judgment with respect to SMG’s claims
relating to the sale of Nathan’s proprietary seasonings
to SMG. On December 17, 2010, the Court ruled that
Nathan’s was not entitled to terminate the License
Agreement. On January 19, 2011, the parties
submitted an agreed upon order which, among other things,
assessed damages against Nathan’s of approximately $4.9
million inclusive of pre-judgment interest, which has been
accrued in the accompanying consolidated financial
statements. The final judgment was entered on
February 4, 2011. On March 4, 2011, Nathan's filed
a notice of appeal seeking to appeal the final
judgment. In order to secure the final judgment
pending an appeal, on March 31, 2011, Nathan's entered into a
Security Agreement with SMG and Blocked Deposit Account
Agreement with SMG and Citibank, N.A., as described in Note
E. On April 7, 2011, the Court entered a stipulation and
order which granted a stay of enforcement of the
Judgment.
Nathan’s
filed an appellate brief with the Appellate Court of
Illinois, First Judicial District, on August 8, 2011. In
response, SMG filed an opposition appellate brief on October
21, 2011. Nathan’s filed a reply brief on
November 14, 2011. On October 23, 2012, the Court
has ordered that oral arguments will be heard on November 13,
2012.
3. Guaranty
On
December 1, 2009, a wholly-owned subsidiary of the Company
executed a Guaranty of Lease (the “Guaranty”) in
connection with its re-franchising of a restaurant located in
West Nyack, New York. The Guaranty could be called
upon in the event of a default by the
tenant/franchisee. The Guaranty extends through
the fifth Lease Year, as defined in the lease, and shall not
exceed an amount equal to the highest amount of the annual
minimum rent, percentage rent and any additional rent payable
pursuant to the lease and reasonable attorney’s fees
and other costs. We have recorded a liability of
approximately $227,000 in connection with the Guaranty, which
does not include potential real estate tax increases and
attorney’s fees and other costs as these amounts are
not reasonably determinable at this time. In
connection with Nathan’s franchise agreement,
Nathan’s has received a personal guaranty from the
franchisee for all obligations under the Guaranty. To date,
Nathan’s has not been required to make any payments
pursuant to the Guaranty.
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| X | ||||||||||
|
- Definition
The entire disclosure for commitments and contingencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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|
Note 13 - Subsequent Events
|
6 Months Ended |
|---|---|
|
Sep. 23, 2012
|
|
| Subsequent Events [Text Block] |
NOTE M
– SUBSEQUENT EVENTS
On
November 1, 2012 Nathan’s and its Executive
Chairman entered into a 5-year extension of his employment
agreement through December 31, 2017. Pursuant to the amended
employment agreement, annual compensation shall be
$600,000 per annum and 50,000 shares of Restricted Stock
shall also be provided. Rights to these shares vest as
follows: 10,000 shares vested upon the execution of the
agreement and 10,000 shares shall vest annually on the first,
second, third and fourth anniversaries of the amended
employment agreement.
As a
result of Hurricane Sandy, the Company's restaurant in Coney
Island suffered extensive damage and as a result it has been
forced to temporarily close. While the Company believes its
property and other insurance will significantly
defray the cost of fixing the restaurant and compensating the
Company for its lost revenues during the period the
restaurant is closed, there can no assurance that such
insurance will be sufficient to compensate
the Company
for the construction costs or the lost revenue. In addition,
the Company is still assessing the financial impact of
Hurricane Sandy on its other Company owned restaurants and
its franchise locations in the northeast.
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| X | ||||||||||
|
- Definition
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
|
|
Note 3 - Fair Value Measurements (Tables)
|
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Sep. 23, 2012
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| Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] |
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| X | ||||||||||
|
- Definition
Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Note 4 - Marketable Securities (Tables)
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6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Sep. 23, 2012
|
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| Schedule of Available-for-sale Securities Reconciliation [Table Text Block] |
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| Investments Classified by Contractual Maturity Date [Table Text Block] |
|
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| X | ||||||||||
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- Definition
Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments. No definition available.
|
| X | ||||||||||
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- Definition
Tabular disclosure of the reconciliation of available-for-sale securities from cost basis to fair value. No definition available.
|
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Note 6 - Accounts and Other Receivables, Net (Tables)
|
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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Sep. 23, 2012
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| Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] |
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| Schedule of Credit Losses for Financing Receivables, Current [Table Text Block] |
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| X | ||||||||||
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- Definition
Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Tabular disclosure of credit losses for current financing receivables (such as trade and accounts receivable), including a rollforward of the balance. An alternative caption includes allowance for doubtful accounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Note 8 - Income Per Share (Tables)
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6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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Sep. 23, 2012
|
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| Schedule of Earnings Per Share Reconciliation [Table Text Block] |
|
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| X | ||||||||||
|
- Definition
Tabular disclosure of the reconciliation of basic net earnings per share (or unit) to diluted earnings per share (or unit). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 10 - Share-Based Compensation (Tables)
|
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Sep. 23, 2012
|
Sep. 25, 2011
|
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| Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] |
|
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| Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] |
|
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| X | ||||||||||
|
- Definition
Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 3 - Fair Value Measurements (Detail) (USD $)
|
1 Months Ended |
|---|---|
|
Sep. 23, 2012
|
|
| Cost Method Investment Ownership Percentage | 2.50% |
| Long-term Investments (in Dollars) | $ 500,000 |
|
Total Assets [Member]
|
|
| Cost Method Investments, Additional Information | $668,000 |
|
Total Equity [Member]
|
|
| Cost Method Investments, Additional Information | $443,000 |
|
Revenues [Member]
|
|
| Cost Method Investments, Additional Information | $215,000 |
|
Net Loss [Member]
|
|
| Cost Method Investments, Additional Information | $573,000 |
| X | ||||||||||
|
- Definition
The percentage of ownership of common stock in the entity accounted for under the cost method of accounting. No definition available.
|
| X | ||||||||||
|
- Definition
This serves as a place to record data that is not specified elsewhere in the taxonomy but is useful for readers of the financial statements as it relates to the details of cost method investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The total amount of investments that are intended to be held for an extended period of time (longer than one operating cycle). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 3 - Fair Value Measurements (Detail) - Assets and liabilities measured at fair value on a recurring basis (USD $)
In Thousands, unless otherwise specified |
Sep. 23, 2012
|
Mar. 25, 2012
|
|---|---|---|
| Marketable securities at fair value | $ 12,546 | $ 14,710 |
| Marketable securities carrying value | 12,546 | 14,710 |
|
Fair Value, Inputs, Level 1 [Member]
|
||
| Marketable securities at fair value | 0 | 0 |
|
Fair Value, Inputs, Level 2 [Member]
|
||
| Marketable securities at fair value | 12,546 | 14,710 |
|
Fair Value, Inputs, Level 3 [Member]
|
||
| Marketable securities at fair value | $ 0 | $ 0 |
| X | ||||||||||
|
- Definition
Amount of investment in debt and equity securities categorized neither as held-to-maturity nor trading. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item represents Available-for-sale Securities which consist of all investments in certain debt and equity securities neither classified as trading or held-to-maturity securities. A debt security represents a creditor relationship with an enterprise. Debt securities include, among other items, US Treasury securities, US government securities, municipal securities, corporate bonds, convertible debt, commercial paper, and all securitized debt instruments. An equity security represents an ownership interest in an enterprise or the right to acquire or dispose of an ownership interest in an enterprise at fixed or determinable prices. Equity securities include, among other things, common stock, certain preferred stock, warrant rights, call options, and put options, but do not include convertible debt. An entity may opt to provide the reader with additional narrative text to better understand the nature of investments in debt and equity securities which are categorized as Available-for-sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 4 - Marketable Securities (Detail) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
|
Sep. 23, 2012
|
Sep. 25, 2011
|
Sep. 23, 2012
|
Sep. 25, 2011
|
|
| Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax | $ (35) | $ 24 | $ (64) | $ 86 |
| Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Tax | $ (20) | $ 17 | $ (40) | $ 58 |
| X | ||||||||||
|
- Definition
Net of tax amount of unrealized holding gain (loss) before reclassification adjustments and transfers on available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Tax effect of unrealized holding gain (loss) before reclassification adjustments and transfers on available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 4 - Marketable Securities (Detail) - Marketable securities (USD $)
In Thousands, unless otherwise specified |
Sep. 23, 2012
|
Mar. 25, 2012
|
|---|---|---|
| Cost | $ 11,837 | $ 13,897 |
| Gross Unrealized Gains | 709 | 814 |
| Fair Market Value | 12,546 | 14,710 |
| Gross Unrealized Losses | $ 0 | $ 1 |
| X | ||||||||||
|
- Definition
This item represents the cost of debt securities, which are categorized neither as held-to-maturity nor trading, net of adjustments including accretion, amortization, collection of cash, previous other-than-temporary impairments recognized in earnings (less any cumulative-effect adjustments recognized, as defined), and fair value hedge accounting adjustments, if any. No definition available.
|
| X | ||||||||||
|
- Definition
This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item represents Available-for-sale Securities which consist of all investments in certain debt and equity securities neither classified as trading or held-to-maturity securities. A debt security represents a creditor relationship with an enterprise. Debt securities include, among other items, US Treasury securities, US government securities, municipal securities, corporate bonds, convertible debt, commercial paper, and all securitized debt instruments. An equity security represents an ownership interest in an enterprise or the right to acquire or dispose of an ownership interest in an enterprise at fixed or determinable prices. Equity securities include, among other things, common stock, certain preferred stock, warrant rights, call options, and put options, but do not include convertible debt. An entity may opt to provide the reader with additional narrative text to better understand the nature of investments in debt and equity securities which are categorized as Available-for-sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This item represents the gross unrealized gains for securities, at a point in time, which are categorized neither as held-to-maturity nor trading securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This item represents the gross unrealized losses for securities, at a point in time, which are categorized neither as held-to-maturity nor trading securities. No definition available.
|
|
Note 4 - Marketable Securities (Detail) - Bond maturities by period (USD $)
In Thousands, unless otherwise specified |
Sep. 23, 2012
|
Mar. 25, 2012
|
|---|---|---|
| September 23, 2012 | $ 12,546 | $ 14,710 |
| September 23, 2012 | 1,954 | |
| September 23, 2012 | 9,329 | |
| September 23, 2012 | 1,263 | |
| September 23, 2012 | $ 0 |
| X | ||||||||||
|
- Definition
Amount of available-for-sale debt securities at fair value maturing in the sixth fiscal year through the tenth fiscal year following the latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of available-for-sale debt securities at fair value maturing in the second fiscal year through the fifth fiscal year following the latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of available-for-sale debt securities at fair value maturing after the tenth fiscal year following the latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of available-for-sale debt securities at fair value maturing in the next fiscal year following the latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item represents Available-for-sale Securities which consist of all investments in certain debt and equity securities neither classified as trading or held-to-maturity securities. A debt security represents a creditor relationship with an enterprise. Debt securities include, among other items, US Treasury securities, US government securities, municipal securities, corporate bonds, convertible debt, commercial paper, and all securitized debt instruments. An equity security represents an ownership interest in an enterprise or the right to acquire or dispose of an ownership interest in an enterprise at fixed or determinable prices. Equity securities include, among other things, common stock, certain preferred stock, warrant rights, call options, and put options, but do not include convertible debt. An entity may opt to provide the reader with additional narrative text to better understand the nature of investments in debt and equity securities which are categorized as Available-for-sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 5 - Restricted Cash (Detail) (USD $)
|
Sep. 23, 2012
|
Mar. 25, 2012
|
|---|---|---|
| Estimated Litigation Liability | $ 4,910,000 | |
| Restricted Cash and Cash Equivalents, Current | $ 5,642,000 | $ 5,419,000 |
| Interest on Damages Assessed Interest Rate | 9.00% |
| X | ||||||||||
|
- Definition
This represents the New York state statutory rate of interest that is required to be deposited during the period of our appeal of the SMG litigation. No definition available.
|
| X | ||||||||||
|
- Definition
Aggregate carrying amount of the estimated litigation liability for known or estimated probable loss from litigation, which may include attorneys' fees and other litigation costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The carrying amounts of cash and cash equivalent items which are restricted as to withdrawal or usage. Restrictions may include legally restricted deposits held as compensating balances against short-term borrowing arrangements, contracts entered into with others, or entity statements of intention with regard to particular deposits; however, time deposits and short-term certificates of deposit are not generally included in legally restricted deposits. Excludes compensating balance arrangements that are not agreements which legally restrict the use of cash amounts shown on the balance sheet. For a classified balance sheet represents the current portion only (the noncurrent portion has a separate concept); there is a separate and distinct element for unclassified presentations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 6 - Accounts and Other Receivables, Net (Detail)
|
6 Months Ended |
|---|---|
|
Sep. 23, 2012
|
|
| Accounts Receivable Payment Terms | 30 |
| X | ||||||||||
|
- Definition
Nathan's standard payment terms. No definition available.
|
|
Note 6 - Accounts and Other Receivables, Net (Detail) - Accounts and other receivables, net (USD $)
In Thousands, unless otherwise specified |
Sep. 23, 2012
|
Mar. 25, 2012
|
Mar. 27, 2011
|
|---|---|---|---|
| Account Receivable, Gross, Current | $ 7,417 | $ 6,673 | |
| Less: allowance for doubtful accounts | 142 | 138 | 62 |
| Accounts and other receivables, net | 7,275 | 6,535 | |
|
Branded Product Sales [Member]
|
|||
| Account Receivable, Gross, Current | 4,786 | 4,246 | |
|
Franchise and License Royalties [Member]
|
|||
| Account Receivable, Gross, Current | 2,157 | 2,093 | |
|
Other Receivables [Member]
|
|||
| Account Receivable, Gross, Current | $ 474 | $ 334 |
| X | ||||||||||
|
- Definition
Amount due from customers, clients, or other third-parties, or arising from transactions not separately disclosed, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), net of allowances established for the purpose of reducing such receivables to an amount that approximates their net realizable value. No definition available.
|
| X | ||||||||||
|
- Definition
Amounts due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer) for goods or services (including trade receivables) that have been delivered or sold in the normal course of business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
A valuation allowance for trade and other receivables due to an Entity within one year (or the normal operating cycle, whichever is longer) that are expected to be uncollectible. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 6 - Accounts and Other Receivables, Net (Detail) - Changes in allowance for doubtful accounts (USD $)
In Thousands, unless otherwise specified |
6 Months Ended | 12 Months Ended | |
|---|---|---|---|
|
Sep. 23, 2012
|
Sep. 25, 2011
|
Mar. 25, 2012
|
|
| Beginning balance | $ 138 | $ 62 | $ 62 |
| Bad debt expense | 25 | 0 | 86 |
| Charges to other accounts | 7 | 0 | |
| Accounts written off | (28) | (10) | |
| Ending balance | $ 142 | $ 138 | |
| X | ||||||||||
|
- Definition
Other bad debt. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of direct write-downs of receivables charged against the allowance for doubtful accounts. No definition available.
|
| X | ||||||||||
|
- Definition
A valuation allowance for trade and other receivables due to an Entity within one year (or the normal operating cycle, whichever is longer) that are expected to be uncollectible. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of the current period expense charged against operations, the offset which is generally to the allowance for doubtful accounts for the purpose of reducing receivables, including notes receivable, to an amount that approximates their net realizable value (the amount expected to be collected). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 7 - Long-Term Investment (Detail) (USD $)
|
Sep. 23, 2012
|
|---|---|
| Investment Owned, Balance, Shares (in Shares) | 351,550 |
| Long-term Investments (in Dollars) | $ 500,000 |
| Cost Method Investment Ownership Percentage | 2.50% |
| X | ||||||||||
|
- Definition
The percentage of ownership of common stock in the entity accounted for under the cost method of accounting. No definition available.
|
| X | ||||||||||
|
- Definition
Balance held at close of period in number of shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The total amount of investments that are intended to be held for an extended period of time (longer than one operating cycle). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 8 - Income Per Share (Detail) - Schedule of Earnings Per Share Reconciliation (USD $)
In Thousands, except Share data, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
|
Sep. 23, 2012
|
Sep. 25, 2011
|
Sep. 23, 2012
|
Sep. 25, 2011
|
|
| Basic EPS | ||||
| Basic calculation (in Dollars) | $ 2,845 | $ 2,269 | $ 4,851 | $ 3,865 |
| Basic calculation | 4,407,000 | 5,025,000 | 4,387,000 | 5,051,000 |
| Basic calculation (in Dollars per share) | $ 0.65 | $ 0.45 | $ 1.11 | $ 0.77 |
| Effect of dilutive employee stock options (in Dollars) | 0 | 0 | 0 | 0 |
| Effect of dilutive employee stock options | 197,000 | 138,000 | 181,000 | 131,000 |
| Effect of dilutive employee stock options (in Dollars per share) | $ (0.03) | $ (0.01) | $ (0.05) | $ (0.02) |
| Diluted EPS | ||||
| Diluted calculation (in Dollars) | $ 2,845 | $ 2,269 | $ 4,851 | $ 3,865 |
| Diluted calculation | 4,604,000 | 5,163,000 | 4,568,000 | 5,182,000 |
| Diluted calculation (in Dollars per share) | $ 0.62 | $ 0.44 | $ 1.06 | $ 0.75 |
| X | ||||||||||
|
- Definition
Adjustments to net income included in the calculation of diluted EPS using the treasury stock method. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The effect on EPS of the additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of share-based payment arrangement using the treasury stock method. No definition available.
|
| X | ||||||||||
|
- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of share based payment arrangements using the treasury stock method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Net Income or Loss Available to Common Stockholders plus adjustments resulting from the assumption that dilutive convertible securities were converted, options or warrants were exercised, or that other shares were issued upon the satisfaction of certain conditions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 9 - Income Taxes (Detail) (USD $)
|
6 Months Ended | 12 Months Ended | |
|---|---|---|---|
|
Sep. 23, 2012
|
Sep. 25, 2011
|
Mar. 31, 2013
|
|
| Effective Income Tax Rate, Continuing Operations | 39.60% | 38.90% | |
| Effective Income Tax Rate Reconciliation, Tax Exempt Income | 1.00% | 1.80% | |
| Unrecognized Tax Benefits that Would Impact Effective Tax Rate (in Dollars) | $ 322,000 | ||
| Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued (in Dollars) | 358,000 | ||
| Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Amount of Unrecorded Benefit (in Dollars) | (35,000) | ||
| Estimated Annual Tax Rate Lower End of Range | 38.50% | ||
| Estimated Annual Tax Rate Upper End of Range | 40.00% | ||
| Income Tax Examination, Liability (Refund) Adjustment from Settlement with Taxing Authority (in Dollars) | $ 3,000 | ||
| X | ||||||||||
|
- Definition
Nathan's estimate of the low end of the range of its expected effective tax rate for the current year. No definition available.
|
| X | ||||||||||
|
- Definition
Nathan's estimate of the high end of the range of its expected effective tax rate for the current year. No definition available.
|
| X | ||||||||||
|
- Definition
A ratio calculated by dividing the reported amount of income tax expense attributable to continuing operations for the period by GAAP-basis pretax income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The portion of the difference between the effective income tax rate and domestic federal statutory income tax rate attributable to income that is exempt from income taxes under enacted tax laws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of the additional liability or refund received or expected based on a final settlement with a taxing authority. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of the unrecognized tax benefit of a position taken for which it is reasonably possible that the total amount thereof will significantly increase or decrease within twelve months of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This element represents the total of accruals as of the date of the statement of financial position for interest recognized for an underpayment of income taxes computed by applying the applicable statutory rate of interest to the difference between a tax position recognized for financial reporting purposes and the amount previously taken or expected to be taken in a tax return of the entity and the amount of statutory penalties for a tax position claimed or expected to be claimed by the entity, in its tax return, that does not meet the minimum statutory threshold to avoid payment of penalties. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The total amount of unrecognized tax benefits that, if recognized, would affect the effective tax rate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Additional shares authorized by the Company's stockholders to increase shares available under the Company's 2010 Stock Incentive Plan. No definition available.
|
| X | ||||||||||
|
- Definition
The life of the equity-based award before expiration. No definition available.
|
| X | ||||||||||
|
- Definition
As of the balance sheet date, the aggregate unrecognized cost of equity-based awards made to employees and directors under equity-based compensation awards that have not been charged to earnings. No definition available.
|
| X | ||||||||||
|
- Definition
Weighted average period over which unrecognized compensation is expected to be recognized for equity-based compensation plans, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Description of award terms as to how many shares or portion of an award are no longer contingent on satisfaction of either a service condition, market condition or a performance condition, thereby giving the employee the legal right to convert the award to shares, to sell the shares, and be entitled to the cash proceeds of such sale. For example, vesting may be expressed as being 25 percent of the shares under option on each anniversary of the grant date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The difference between the maximum number of shares (or other type of equity) authorized for issuance under the plan (including the effects of amendments and adjustments), and the sum of: 1) the number of shares (or other type of equity) already issued upon exercise of options or other equity-based awards under the plan; and 2) shares (or other type of equity) reserved for issuance on granting of outstanding awards, net of cancellations and forfeitures, if applicable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Net number of share options (or share units) granted during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Weighted average price at which grantees can acquire the shares reserved for issuance on stock options awarded. No definition available.
|
|
Note 10 - Share-Based Compensation (Detail) - Schedule of weighted-average option fair values and valuation assumptions (USD $)
|
6 Months Ended |
|---|---|
|
Sep. 25, 2011
|
|
| Weighted-average option fair values (in Dollars per share) | $ 5.039 |
| Expected life (years) | 5 years |
| Interest rate | 1.60% |
| Volatility | 28.90% |
| Dividend yield | 0.00% |
| X | ||||||||||
|
- Definition
The estimated dividend rate (a percentage of the share price) to be paid (expected dividends) to holders of the underlying shares over the option's term. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Expected term of share-based compensation awards, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The estimated measure of the percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The risk-free interest rate assumption that is used in valuing an option on its own shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted average grant-date fair value of options granted during the reporting period as calculated by applying the disclosed option pricing methodology. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Weighted average remaining contractual life of options exercised. No definition available.
|
| X | ||||||||||
|
- Definition
Weighted average remaining contractual life of options granted. No definition available.
|
| X | ||||||||||
|
- Definition
Weighted average remaining contractual life of options outstanding. No definition available.
|
| X | ||||||||||
|
- Definition
Gross number of shares exercised in connection with share options during the period. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of difference between fair value of the underlying shares reserved for issuance and exercise price of vested portions of options outstanding and currently exercisable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted-average price as of the balance sheet date at which grantees can acquire the shares reserved for issuance on vested portions of options outstanding and currently exercisable under the stock option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Weighted average remaining contractual term for vested portions of options outstanding and currently exercisable or convertible, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The total accumulated difference between fair values of underlying shares on dates of exercise and exercise price on options which were exercised (or share units converted) into shares during the reporting period under the plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
For presentations that combine terminations, the number of shares under options that were cancelled during the reporting period as a result of occurrence of a terminating event specified in contractual agreements pertaining to the stock option plan or that expired. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Weighted average price of options that were either forfeited or expired. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The combined weighted average of the accumulated differences between the fair values on underlying shares and exercises prices to acquire such shares as of the grant date on options that were either forfeited or lapsed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The grant-date intrinsic value of options granted during the reporting period as calculated by applying the disclosed option pricing methodology. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Gross number of share options (or share units) granted during the period. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of difference between fair value of the underlying shares reserved for issuance and exercise price of options outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of shares reserved for issuance under stock option agreements awarded under the plan that validly exist and are outstanding as of the balance sheet date, including vested options. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Weighted average price at which grantees can acquire the shares reserved for issuance under the stock option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Weighted average remaining contractual term for option awards outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of exercisable share options (fully vested and expected to vest) that may be converted as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Weighted average price at which option holders acquired shares when converting their stock options into shares. No definition available.
|
| X | ||||||||||
|
- Definition
Weighted average price at which grantees can acquire the shares reserved for issuance on stock options awarded. No definition available.
|
|
Note 11 - Stockholders' Equity (Detail) (USD $)
|
132 Months Ended | |
|---|---|---|
|
Sep. 23, 2012
|
Feb. 01, 2011
|
|
| Treasury Stock, Shares, Acquired | 4,491,486 | |
| Treasury Stock, Value, Acquired, Cost Method (in Dollars) | $ 50,313,000 | |
| Stock Repurchase Program Number of Additional Shares Authorized to be Repurchased | 300,000 | |
| Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased | 407,473 | |
| Common Stock, Capital Shares Reserved for Future Issuance | 5,322,385 |
| X | ||||||||||
|
- Definition
The number of additional shares authorized to be repurchased by the Company's Board of Directors under an existing stock repurchase plan. No definition available.
|
| X | ||||||||||
|
- Definition
Aggregate number of common shares reserved for future issuance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The remaining number of shares authorized to be repurchased by an entity's Board of Directors under a stock repurchase plan. No definition available.
|
| X | ||||||||||
|
- Definition
Number of shares that have been repurchased during the period and are being held in treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Equity impact of the cost of common and preferred stock that were repurchased during the period. Recorded using the cost method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 12 - Commitments and Contingencies (Detail) (USD $)
|
1 Months Ended | ||
|---|---|---|---|
|
Jan. 19, 2011
|
Mar. 25, 2012
|
Dec. 01, 2009
|
|
| Purchase Commitment, Remaining Minimum Amount Committed | $ 4,900,000 | ||
| Loss Contingency, Damages Awarded, Value | 4,900,000 | ||
| Guarantor Obligations, Current Carrying Value | $ 227,000 |
| X | ||||||||||
|
- Definition
The current carrying amount of the liability for the freestanding or embedded guarantor's obligations under the guarantee or each group of similar guarantees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of damages awarded to the plaintiff in the legal matter. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The floor amount as of the balance sheet date that the entity must expend to satisfy the terms of disclosed arrangements (excluding long-term commitments) in which the entity has agreed to expend funds to procure goods or services from one or more suppliers, other than under a long-term purchase commitment or an unconditional purchase obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 13 - Subsequent Events (Detail) (USD $)
|
1 Months Ended | 12 Months Ended | 1 Months Ended | |
|---|---|---|---|---|
|
Nov. 30, 2012
|
Oct. 31, 2013
Subsequent Event [Member]
Annually on Anniversaries of Employment Agreement [Member]
|
Nov. 30, 2012
Subsequent Event [Member]
Executive Compensation Contracts [Member]
|
Nov. 30, 2012
Subsequent Event [Member]
|
|
| Subsequent Event, Term of Contract | 5 years | |||
| Contractual Obligation (in Dollars) | $ 600,000 | |||
| Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 50,000 | |||
| Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | 10,000 | 10,000 |
| X | ||||||||||
|
- Definition
Amount of contractual obligation, including but not limited to, long-term debt, capital lease obligations, operating lease obligations, purchase obligations, and other commitments. No definition available.
|
| X | ||||||||||
|
- Definition
The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of equity-based payment instruments, excluding stock (or unit) options, that vested during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Period the contract is outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
|