Document And Entity Information (USD $) In Thousands, except Share data, unless otherwise specified	12 Months Ended
	Mar. 29, 2015	Jun. 09, 2015	Sep. 26, 2014
Entity Registrant Name	NATHANS FAMOUS INC
Entity Central Index Key	0000069733
Current Fiscal Year End Date	--03-29
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		4,583,498
Entity Public Float			$ 208,235
Document Type	10-K
Document Period End Date	Mar. 29, 2015
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	FY
Amendment Flag	false

Consolidated Balance Sheets (USD $)	Mar. 29, 2015	Mar. 30, 2014
CURRENT ASSETS
Cash and cash equivalents	$ 51,393,000	$ 22,077,000
Fair Market Value	7,091,000	11,187,000
Accounts and other receivables, net	9,499,000	7,823,000
Inventories	822,000	947,000
Prepaid expenses and other current assets (Note F)	4,532,000	3,129,000
Deferred income taxes	277,000	26,000
Total current assets	73,614,000	45,189,000
Property and equipment, net of accumulated depreciation of $6,946,000 and $7,554,000, respectively	9,257,000	8,970,000
Goodwill	95,000	95,000
Intangible asset	1,353,000	1,353,000
Other assets	347,000	528,000
	84,666,000	56,135,000
CURRENT LIABILITIES
Accounts payable	5,319,000	4,826,000
Accrued expenses and other current liabilities	6,412,000	4,751,000
Total current liabilities	12,009,000	9,811,000
Long-term debt, net of unamortized debt discounts and issuance costs of $5,860,000 (Note K)	129,140,000
Other liabilities	2,397,000	1,693,000
Deferred income taxes	1,028,000	734,000
Total liabilities	144,574,000	12,238,000
COMMITMENTS AND CONTINGENCIES (Note M)
STOCKHOLDERS’ (DEFICIT) EQUITY
Common stock, $.01 par value; 30,000,000 shares authorized; 9,252,097 and 9,092,183 shares issued; and 4,604,410 and 4,482,157 shares outstanding at March 29, 2015 and March 30, 2014, respectively	93,000	91,000
Additional paid-in capital	60,196,000	57,578,000
(Accumulated deficit) retained earnings	(63,444,000)	40,963,000
Accumulated other comprehensive income	47,000	149,000
	(3,108,000)	98,781,000
Treasury stock, at cost, 4,647,687 and 4,610,026 shares at March 29, 2015 and March 30, 2014, respectively	(56,800,000)	(54,884,000)
Total stockholders’ (deficit) equity	(59,908,000)	43,897,000
	84,666,000	56,135,000
Deferred Franchise Fees [Member]
CURRENT LIABILITIES
Deferred Revenue, Current	$ 278,000	$ 234,000

Consolidated Balance Sheets (Parentheticals) (USD $) In Thousands, except Share data, unless otherwise specified	Mar. 29, 2015	Mar. 30, 2014
Accumulated depreciation	$ 6,946	$ 7,554
Unamortized debt issuance costs	$ 5,860
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	30,000,000	30,000,000
Common stock, issued (in shares)	9,252,097	9,092,183
Common stock, outstanding (in shares)	4,604,410	4,482,157
Treasury stock, shares (in shares)	4,647,687	4,610,026

Consolidated Statements of Earnings (USD $)	12 Months Ended
Consolidated Statements of Earnings (USD $)	Mar. 29, 2015	Mar. 30, 2014	Mar. 31, 2013
REVENUES
Sales	$ 75,520,000	$ 65,521,000	$ 56,656,000
License royalties	18,011,000	8,513,000	8,571,000
Franchise fees and royalties	5,581,000	5,718,000	5,842,000
Total revenues	99,112,000	79,752,000	71,069,000
COSTS AND EXPENSES
Cost of sales	61,951,000	53,072,000	44,874,000
Restaurant operating expenses	3,747,000	3,142,000	2,700,000
Depreciation and amortization	1,253,000	1,157,000	940,000
General and administrative expenses	12,203,000	11,460,000	10,437,000
Total costs and expenses	79,154,000	68,831,000	58,951,000
Income from operations	19,958,000	10,921,000	12,118,000
Interest expense	(816,000)	(135,000)	(453,000)
Interest income	176,000	325,000	392,000
Insurance gain (Note M.4)	0	2,774,000	0
Impairment charge – long-term investment (Note G)	0	(400,000)	0
Other income, net	87,000	76,000	82,000
Income before provision for income taxes	19,405,000	13,561,000	12,139,000
Provision for income taxes	7,702,000	5,234,000	4,671,000
Net income	$ 11,703,000	$ 8,327,000	$ 7,468,000
Income per share:
Basic (in dollars per share)	$ 2.61	$ 1.87	$ 1.70
Diluted (in dollars per share)	$ 2.55	$ 1.81	$ 1.63
Cash dividends declared per share (in dollars per share)	$ 25	$ 0	$ 0
Weighted average shares used in computing income per share:
Basic (in shares)	4,486,000	4,450,000	4,400,000
Diluted (in shares)	4,588,000	4,605,000	4,588,000

Consolidated Statements of Comprehensive Income (USD $)	12 Months Ended
Consolidated Statements of Comprehensive Income (USD $)	Mar. 29, 2015	Mar. 30, 2014	Mar. 31, 2013
Net income	$ 11,703,000	$ 8,327,000	$ 7,468,000
Other comprehensive loss, net of deferred income taxes:
Unrealized losses on marketable securities	(102,000)	(180,000)	(168,000)
Other comprehensive loss	(102,000)	(180,000)	(168,000)
Comprehensive income	$ 11,601,000	$ 8,147,000	$ 7,300,000

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References+ Details

Consolidated Statements of Stockholders' Equity (USD $)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Treasury Stock [Member]	Total
Balance at Mar. 25, 2012	$ 89,000	$ 53,396,000	$ 25,168,000	$ 497,000	$ (50,313,000)	$ 28,837,000
Balance (in shares) at Mar. 25, 2012	8,855,263				4,491,486
Shares issued in connection with share-based compensation plans (in shares)	102,918
Shares issued in connection with share-based compensation plans	1,000	388,000				389,000
Withholding tax on net share settlement of share-based compensation plans		(982,000)				(982,000)
Repurchase of common stock (in shares)					88,077
Repurchase of common stock					(3,085,000)	(3,085,000)
Income tax benefit on stock option exercises		1,062,000				1,062,000
Share-based compensation		627,000				627,000
Unrealized losses on available-for-sale securities, net of deferred income tax benefit				(168,000)		(168,000)
Net income			7,468,000			7,468,000
Balance at Mar. 31, 2013	90,000	54,491,000	32,636,000	329,000	(53,398,000)	34,148,000
Balance (in shares) at Mar. 31, 2013	8,958,181				4,579,563
Shares issued in connection with share-based compensation plans (in shares)	134,002
Shares issued in connection with share-based compensation plans	1,000	943,000				944,000
Withholding tax on net share settlement of share-based compensation plans		(772,000)				(772,000)
Repurchase of common stock (in shares)					30,463
Repurchase of common stock					(1,486,000)	(1,486,000)
Income tax benefit on stock option exercises		2,195,000				2,195,000
Share-based compensation		721,000				721,000
Unrealized losses on available-for-sale securities, net of deferred income tax benefit				(180,000)		(180,000)
Net income			8,327,000			8,327,000
Balance at Mar. 30, 2014	91,000	57,578,000	40,963,000	149,000	(54,884,000)	43,897,000
Balance (in shares) at Mar. 30, 2014	9,092,183				4,610,026
Shares issued in connection with share-based compensation plans (in shares)	159,914
Shares issued in connection with share-based compensation plans	2,000	880,000				882,000
Withholding tax on net share settlement of share-based compensation plans		(3,693,000)				(3,693,000)
Repurchase of common stock (in shares)					37,661	37,661
Repurchase of common stock					(1,916,000)	(1,916,000)
Income tax benefit on stock option exercises		4,572,000				4,572,000
Share-based compensation		859,000				859,000
Unrealized losses on available-for-sale securities, net of deferred income tax benefit				(102,000)		(102,000)
Net income			11,703,000			11,703,000
Dividends declared			(116,110,000)			(116,110,000)
Balance at Mar. 29, 2015	$ 93,000	$ 60,196,000	$ (63,444,000)	$ 47,000	$ (56,800,000)	$ (59,908,000)
Balance (in shares) at Mar. 29, 2015	9,252,097				4,647,687

Consolidated Statements of Cash Flows (USD $)	12 Months Ended
Consolidated Statements of Cash Flows (USD $)	Mar. 29, 2015	Mar. 30, 2014	Mar. 31, 2013
Cash flows from operating activities:
Net income	$ 11,703,000	$ 8,327,000	$ 7,468,000
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	1,253,000	1,157,000	940,000
Insurance gain	0	(2,774,000)	0
Amortization of bond premium	164,000	150,000	130,000
Amortization of debt discounts and issuance costs	66,000
Share-based compensation expense	859,000	721,000	627,000
Provision for doubtful accounts	23,000	21,000	15,000
Cost-method Investments, Other than Temporary Impairment	0	400,000	0
Deferred income taxes	111,000	1,652,000	497,000
Changes in operating assets and liabilities:
Accounts and other receivables, net	(2,417,000)	(927,000)	(397,000)
Insurance proceeds received for business interruption claim	718,000	0	0
Inventories	125,000	99,000	79,000
Prepaid expenses and other current assets	(1,403,000)	(2,033,000)	298,000
Other assets	181,000	30,000	7,000
Accrued litigation	0	(5,874,000)	455,000
Accounts payable, accrued expenses and other current liabilities	1,779,000	2,329,000	(838,000)
Advances of insurance proceeds			130,000
Deferred franchise fees	44,000	(44,000)	155,000
Other liabilities	79,000	(358,000)	(72,000)
Net cash provided by operating activities	13,285,000	2,876,000	9,494,000
Cash flows from investing activities:
Proceeds from sales and maturities of available-for-sale securities	8,020,000	2,890,000	2,000,000
Insurance proceeds received for property and equipment (Note M.4)	0	2,711,000	449,000
Purchase of long-term investment			(500,000)
Change in restricted cash	0	(135,000)	(455,000)
Purchase of property and equipment	(1,538,000)	(4,339,000)	(998,000)
Purchase of available-for-sale securities	(4,258,000)	(2,219,000)
Litigation settlement	0	6,009,000
Net cash provided by investing activities	2,224,000	4,917,000	496,000
Cash flows from financing activities:
Proceeds from issuance of long-term debt	135,000,000
Debt discounts and issuance costs	(5,926,000)
Dividends paid to stockholders	(115,110,000)
Repurchase of treasury stock	(1,916,000)	(1,486,000)	(3,085,000)
Proceeds from the exercise of stock options	880,000	944,000	389,000
Income tax benefit on stock option exercises	4,572,000	2,195,000	1,062,000
Payments of withholding tax on net share settlement of share-based compensation plans	(3,693,000)	(772,000)	(982,000)
Net cash provided by (used in) financing activities	13,807,000	881,000	(2,616,000)
Net increase in cash and cash equivalents	29,316,000	8,674,000	7,374,000
Cash and cash equivalents, beginning of year	22,077,000	13,403,000	6,029,000
Cash and cash equivalents, end of year	51,393,000	22,077,000	13,403,000
Cash paid during the year for:
Interest	0	1,099,000
Income taxes	$ 4,545,000	$ 3,457,000	$ 2,548,000

Note A - Description and Organization of Business	12 Months Ended
Note A - Description and Organization of Business	Mar. 29, 2015
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	NOTE A - DESCRIPTION AND ORGANIZATION OF BUSINESS Nathan’s Famous, Inc. and subsidiaries (collectively the “Company” or “Nathan’s”) has historically operated or franchised a chain of retail fast food restaurants featuring the “Nathan’s World Famous Beef Hot Dog”, crinkle-cut French-fried potatoes and a variety of other menu offerings. Nathan’s has also established a Branded Product Program, which enables foodservice retailers to sell select Nathan’s proprietary products outside of the realm of a traditional franchise relationship. Nathan’s also licenses the manufacture and sale of “Nathan’s Famous” packaged hot dogs, crinkle-cut French fries and a number of other products to a variety of third parties for sale to supermarkets, club stores and grocery stores. The Company is also the owner of the Arthur Treacher’s brand. Arthur Treacher’s main product is its "Original Fish & Chips" product consisting of fish fillets coated with a special batter prepared under a proprietary formula, deep-fried golden brown, and served with English-style chips and corn meal "hush puppies." The Company considers itself to be in the foodservice industry, and has pursued co-branding and co-hosting initiatives. At March 29, 2015, the Company’s restaurant system included five Company-owned units in the New York City metropolitan area and 296 franchised or licensed units, located in 27 states, the Cayman Islands and ten foreign countries.

- Definition

The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.

+ References+ Details

Note B - Summary of Significant Accounting Policies

12 Months Ended

Mar. 29, 2015

Notes to Financial Statements

Significant Accounting Policies [Text Block]

NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The following significant accounting policies have been applied in the preparation of the consolidated financial statements:

1. Principles of Consolidation

The consolidated financial statements include the accounts of the Company and all of its wholly-owned subsidiaries. All significant inter-company balances and transactions have been eliminated in consolidation.

2. Fiscal Year

The Company’s fiscal year ends on the last Sunday in March, which results in a 52 or 53-week reporting period. The results of operations and cash flows for the fiscal year ended March 29, 2015 contained 52 weeks. The results of operations and cash flows for the fiscal years ended March 30, 2014 contained 52 weeks and March 31, 2013 contained 53 weeks.

3. Reclassifications

As of March 29, 2015, Nathan’s has adopted a new income statement format that it believes will better present its results of operations. The Company concluded that it was appropriate to separately present its non-operating revenue and expenses. Accordingly, interest expense, impairment charge-long-term investment, insurance gain, interest income and other income, net, have been removed from total revenues and total costs and expenses. These prior year balances have been reclassified to conform with the current year presentation.

4. Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts

of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Significant estimates made by management in preparing the consolidated financial statements include revenue recognition, the allowance for doubtful accounts, valuation of stock-based compensation, accounting for income taxes, and the valuation of goodwill, intangible assets and other long-lived assets.

5. Cash and Cash Equivalents

The Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents. Cash equivalents amounted to

$1,754 and

$330 at March 29, 2015 and March 30, 2014, respectively. Substantially all of the Company’s cash and cash equivalents are in excess of government insurance.

Inventories

Inventories, which are stated at the lower of cost or market value, consist primarily of food items and supplies. Cost is determined using the first-in, first-out method.

7. 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 March 29, 2015 and March 30, 2014, 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.

8. Property and Equipment

Property and equipment are stated at cost less accumulated depreciation and amortization. Major improvements are capitalized and minor replacements, maintenance and repairs are charged to expense as incurred. Depreciation and amortization are calculated on the straight-line basis over the estimated useful lives of the assets. Leasehold improvements are amortized over the shorter of the estimated useful life or the lease term of the related asset. The estimated useful lives are as follows:

Building and improvements (years)	5	–	25
Machinery, equipment, furniture and fixtures (years)	3	–	15
Leasehold improvements (years)	5	–	20

9. Goodwill and Intangible Assets

Goodwill and intangible assets consist of (i) goodwill of $95 resulting from the acquisition of Nathan’s in 1987; and (ii) trademarks, trade names and other intellectual property of $1,353 in connection with Arthur Treacher’s.

The Company’s goodwill and intangible assets are deemed to have indefinite lives and, accordingly, are not amortized, but are evaluated for impairment at least annually, but more often whenever changes in facts and circumstances occur which may indicate that the carrying value may not be recoverable. As of March 29, 2015 and March 30, 2014, the Company performed its required annual impairment test of goodwill and intangible assets and has determined no impairment is deemed to exist.

10. Long-lived Assets

Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value may not be recoverable. Impairment is measured by comparing the carrying value of the long-lived assets to the estimated undiscounted future cash flows expected to result from use of the assets and their ultimate disposition. In instances where impairment is determined to exist, the Company writes down the asset to its fair value based on the present value of estimated future cash flows.

Impairment losses are recorded on long-lived assets on a restaurant-by-restaurant basis whenever impairment factors are determined to be present. The Company considers a history of restaurant operating losses to be its primary indicator of potential impairment for individual restaurant locations. As a result of Hurricane Sandy, our Coney Island restaurant sustained significant damage which resulted in the write-off of $449 related to destroyed property (Note M.4). The restaurant was fully repaired and re-opened on May 20, 2013. No long-lived assets were deemed impaired during the fiscal years ended March 29, 2015, March 30, 2014 and March 31, 2013.

11. Fair Value of Financial Instruments

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price).

The fair value hierarchy, as outlined in the applicable accounting guidance, is based on inputs to valuation techniques that are used to measure fair value that are either observable or unobservable. Observable inputs reflect assumptions market participants would use in pricing an asset or liability based on market data obtained from independent sources while unobservable inputs reflect a reporting entity’s pricing based upon their own market assumptions.

The fair value hierarchy consists of the following three levels:

●

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 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 use of observable market inputs (quoted market prices) when measuring fair value and, specifically, the use of Level 1 quoted prices to measure fair value are required whenever possible. The determination of where an asset or liability falls in the hierarchy requires significant judgment. The Company evaluates its hierarchy disclosures quarterly and based on various factors, it is possible that an asset or liability may be classified differently from year to year.

The following table presents assets and liabilities measured at fair value on a recurring basis as of March 29, 2015 and March 30, 2014 based upon the valuation hierarchy:

March 29, 2015	Level 1		Level 2		Level 3		Carrying Value
Marketable securities	$	-	$	7,091	$	-	$	7,091

Total assets at fair value	$	-	$	7,091	$	-	$	7,091

March 30, 2014	Level 1		Level 2		Level 3		Carrying Value
Marketable securities	$	-	$	11,187	$	-	$	11,187

Total assets at fair value	$	-	$	11,187	$	-	$	11,187

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.

The Company’s long-term debt had a carrying value of $135,000 as of March 29, 2015 and a fair value of $141,835 as of March 29, 2015. The Company estimates the fair value of its long-term debt based upon review of observable pricing in secondary markets as of the last trading day of the fiscal period. Accordingly, the Company classifies its long-term debt as Level 2.

The carrying amounts of cash equivalents, accounts receivable and accounts payable approximate fair value due to the short-term maturity of the instruments.

The majority of the Company’s non-financial assets and liabilities are not required to be carried at fair value on a recurring basis. However, the Company is required on a non-recurring basis to use fair value measurements when analyzing asset impairment as it relates to goodwill and other indefinite-lived intangible assets and long-lived assets. The Company utilized the income approach (Level 3 inputs) which utilized cash flow forecasts for future income and were discounted to present value in performing its annual impairment testing of intangible assets.

12.

Start-up Costs

Pre-opening and similar restaurant costs are expensed as incurred.

13. Revenue Recognition - Branded Product Program

The Company recognizes sales from the Branded Product Program and certain products sold from the Branded Menu Program upon delivery to Nathan’s customers via third party common carrier. Rebates provided to customers are classified as a reduction to sales.

14. Revenue Recognition - Company-owned Restaurants

Sales by Company-owned restaurants, which are typically paid in cash or credit card by the customer, are recognized at the point of sale. Sales are presented net of sales tax.

15. Revenue Recognition - Franchising Operations

In connection with its franchising operations, the Company receives initial franchise fees, area development fees, royalties, and in certain cases, revenue from sub-leasing restaurant properties to franchisees.

Franchise and area development fees, which are typically received prior to completion of the revenue recognition process, are initially recorded as deferred revenue. Initial franchise fees, which are non-refundable, are recognized as income when substantially all services to be performed by Nathan’s and conditions relating to the sale of the franchise have been performed or satisfied, which generally occurs when the franchised restaurant commences operations.

The following services are typically provided by the Company prior to the opening of a franchised restaurant:

Approval of all site selections to be developed.

Provision of architectural plans suitable for restaurants to be developed.

Assistance in establishing building design specifications, reviewing construction compliance and equipping the restaurant.

Provision of appropriate menus to coordinate with the restaurant design and location to be developed.

Provision of management training for the new franchisee and selected staff.

Assistance with the initial operations of restaurants being developed.

At March 29, 2015 and March 30, 2014,

$278

and $234, respectively, of deferred franchise fees are included in the accompanying consolidated balance sheets. For the fiscal years ended March 29, 2015, March 30, 2014 and March 31, 2013, the Company earned franchise fees of $1,043, $863, and $852, respectively, from new unit openings, transfers, co-branding and forfeitures.

Development fees are non-refundable and the related agreements require the franchisee to open a specified number of restaurants in the development area within a specified time period or the agreements may be canceled by the Company. Revenue from development agreements is deferred and shall be recognized, with an appropriate provision for estimated uncollectible amounts, when all material services or conditions to the sale have been substantially performed by the franchisor.

If substantial obligations under the development agreement are not dependent on the number of individual franchise locations to be opened, substantial performance shall be determined using the same criteria applicable to an individual franchise, which is generally the opening of the first location pursuant to the development agreement. If substantial performance is dependent on the number of locations, then the development fee is deferred and recognized ratably over the term of the agreement, as restaurants in the development area commence operations on a pro rata basis to the minimum number of restaurants required to be open, or at the time the development agreement is effectively canceled. At March 29, 2015 and March 30, 2014,

$214 and $200, respectively, of deferred development fee revenue is included in other liabilities in the accompanying consolidated balance sheets.

The following is a summary of franchise openings and closings for the Nathan’s franchise restaurant system for the fiscal years ended March 29, 2015, March 30, 2014 and March 31, 2013:

	March 29 ,			March 30,			March 31,
	201 5			2014			2013

Franchised restaurants operating at the beginning of the period		324			303			299

New franchised restaurants opened during the period		36			56			40

Franchised restaurants closed during the period		(64	)		(35	)		(36	)

Franchised restaurants operating at the end of the period		296			324			303

The Company recognizes franchise royalties on a monthly basis, which are generally based upon a percentage of sales made by the Company’s franchisees, when they are earned and deemed collectible. The Company recognizes royalty revenue from its Branded Menu Program directly from the sale of Nathan’s products by its primary distributor or directly from the manufacturers.

Franchise fees and royalties that are not deemed to be collectible are not recognized as revenue until paid by the franchisee or until collectibility is deemed to be reasonably assured.

Revenue from sub-leasing properties is recognized in income as the revenue is earned and deemed collectible. Sub-lease rental income is presented net of associated lease costs in the accompanying consolidated statements of earnings.

16. Revenue Recognition – License Royalties

The Company earns revenue from royalties on the licensing of the use of its intellectual property in connection with certain products produced and sold by outside vendors. The use of the Company’s intellectual property must be approved by the Company prior to each specific application to ensure proper quality and a consistent image. Revenue from license royalties is recognized on a monthly basis when it is earned and deemed collectible.

17. Business Concentrations and Geographical Information

The Company’s accounts receivable consist principally of receivables from franchisees for royalties and advertising contributions, from sales under the Branded Product Program, and from royalties from retail licensees. At March 29, 2015, three Branded Product customers represented 20%, 17% and 10%, of accounts receivable. At March 30, 2014, three Branded Product customers represented 23%, 13% and 11%, of accounts receivable. At March 31, 2013, one retail licensee and three Branded Product customers each represented 18%, 16%, 11% and 10%, respectively, of accounts receivable. One Branded Products customer accounted for 17%, 17% and 12% of total revenue for the years ended March 29, 2015, March 30, 2014 and March 31, 2013, respectively. One retail licensee accounted for 17% of total revenue for the year ended March 29, 2015.

The Company’s primary supplier of hot dogs represented

83%,

75% and

82% of product purchases for the fiscal years ended March 29, 2015, March 30, 2014 and March 31, 2013, respectively. The Company’s distributor of products to its Company-owned restaurants represented

5%,

5% and 7% of product purchases for the fiscal years ended March 29, 2015, March 30, 2014 and March 31, 2013, respectively.

The Company’s revenues for the fiscal years ended March 29, 2015, March 30, 2014 and March 31, 2013 were derived from the following geographic areas:

	March 29, 2015		March 30, 2014		March 31, 2013

Domestic (United States)	$	95,682	$	76,221	$	68,025
Non-domestic		3,430		3,531		3,044
	$	99,112	$	79,752	$	71,069

The Company’s sales for the fiscal years ended March 29, 2015, March 30, 2014 and March 31, 2013 were derived from the following:

	March 29, 2015		March 30, 2014		March 31, 2013

Branded Products	$	58,948	$	51,877	$	43,214
Company-owned restaurants		15,874		13,231		13,403
Other		698		413		39
	$	75,520	$	65,521	$	56,656

18. Advertising

The Company administers an advertising fund on behalf of its franchisees to coordinate the marketing efforts of the Company. Under this arrangement, the Company collects and disburses fees paid by manufacturers, franchisees and Company-owned stores for national and regional advertising, promotional and public relations programs. Contributions to the advertising fund are based on specified percentages of net sales, generally ranging up to 2%. Company-owned store advertising expense, which is expensed as incurred, was $175, $147 and $144, for the fiscal years ended March 29, 2015, March 30, 2014 and March 31, 2013, respectively, and have been included within restaurant operating expenses in the accompanying consolidated statements of earnings.

19. Stock-Based Compensation

At March 29, 2015, the Company had one stock-based compensation plan in effect which is more fully described in Note L.

The cost of all share-based payments, including grants of restricted stock and stock options, is recognized in the financial statements based on their fair values measured at the grant date, or the date of any later modification, over the requisite service period. The Company recognizes compensation cost for unvested stock awards on a straight-line basis over the requisite vesting period.

20. Classification of Operating Expenses

Cost of sales consists of the following:

The cost of food and other products sold by Company-operated restaurants, through the Branded Product Program and through other distribution channels.

The cost of labor and associated costs of in-store restaurant management and crew.

The cost of paper products used in Company-operated restaurants.

Other direct costs such as fulfillment, commissions, freight and samples.

Restaurant operating expenses consist of the following:

Occupancy costs of Company-operated restaurants.

Utility costs of Company-operated restaurants.

Repair and maintenance expenses of Company-operated restaurant facilities.

Marketing and advertising expenses done locally and contributions to advertising funds for Company-operated restaurants.

Insurance costs directly related to Company-operated restaurants.

21. Income Taxes

The Company’s current provision for income taxes is based upon its estimated taxable income in each of the jurisdictions in which it operates, after considering the impact on taxable income of temporary differences resulting from different treatment of items for tax and financial reporting purposes. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and any operating loss or tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the year in which those temporary differences are expected to be recovered or settled. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income in those periods in which temporary differences become deductible. Should management determine that it is more likely than not that some portion of the deferred tax assets will not be realized, a valuation allowance against the deferred tax assets would be established in the period such determination was made.

Uncertain Tax Positions

The Company has recorded liabilities for underpayment of income taxes and related interest and penalties for uncertain tax positions based on the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. The Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities based on the technical merits of the position. The tax benefits recognized in the financial statements from such position should be measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. Nathan’s recognizes accrued interest and penalties associated with unrecognized tax benefits as part of the income tax provision.

Adoption of New Accounting Pronouncements

In April 2014, the Financial Accounting Standards Board (“FASB”) issued new accounting guidance changing the criteria for reporting discontinued operations. The revised definition of a discontinued operation includes those components of an entity or a group of components of an entity representing a strategic shift that has (or will have) a major effect on an entity’s operations and financial results. The guidance eliminates the current requirement to assess continuing cash flow and continuing involvement with the disposal group. The revised definition also includes a business or nonprofit activity that, on acquisition, meets the criteria to be classified as held for sale. A disposal meeting the new definition is required to be reported as discontinued operations when the component of an entity or group of components of an entity meets the held for sale criteria, is actually disposed of by sales, or is disposed of through means other than a sale. The guidance is effective for Nathan’s for annual periods beginning on or after December 15, 2014 and interim periods within those years, which for Nathan’s will be the first quarter of fiscal 2016 beginning on March 30, 2015. Early adoption is permitted for disposals that have not been previously reported in the financial statements. Nathan’s does not expect the adoption of this new guidance to have a material impact on its results of operations or financial position.

In May 2014, the FASB issued a new accounting standard that attempts to establish a uniform basis for recording revenue to virtually all industries’ financial statements, under U.S. GAAP. The revenue standard’s core principle is built on the contract between a vendor and a customer for the provision of goods and services. It attempts to depict the exchange of rights and obligations between the parties in the pattern of revenue recognition based on the consideration to which the vendor is entitled. In order to accomplish this objective, companies must evaluate the following five basic steps: (i) identify the contract with the customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract, and (v) recognize revenue when (or as) the entity satisfies a performance obligation. There are three basic transition methods that are available – full retrospective, retrospective with certain practical expedients, and a cumulative effect approach. Under the third alternative, an entity would apply the new revenue standard only to contracts that are incomplete under legacy U.S. GAAP at the date of initial application and recognize the cumulative effect of the new standard as an adjustment to the opening balance of retained earnings. Prior years would not be restated and additional disclosures would be required to enable users of the financial statements to understand the impact of adopting the new standard in the current year compared to prior years that are presented under legacy U.S. GAAP. Early adoption is prohibited under U.S. GAAP. Public companies must apply the new standard for annual periods beginning after December 15, 2016, including interim periods therein, which for Nathan’s will be its first quarter of fiscal 2018, beginning on March 27, 2017.

On April 29, 2015, the FASB issued a proposal to defer the standard's effective date until 2018. On May 12, 2015, the FASB issued a second proposed update to the standard clarifying the distinction between revenue from licenses of intellectual property that represent a promise to deliver a good or service over time versus a promise to be satisfied at a point in time. The Company continues to monitor these proposals and currently expects to use the modified retrospective method, recognizing a cumulative effect adjustment to retained earnings when adopted, and is currently evaluating the impact of this new accounting standard on its consolidated financial position and results of operations.

In August 2014, the FASB issued new guidance that requires management to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the financial statements are issued. If such conditions exist, management will be required to include disclosures enabling users to understand those conditions and management’s plans to alleviate or mitigate those conditions. This new standard is effective for annual periods ending after December 15, 2016 and interim periods within annual periods beginning after December 16, 2016. This standard will take effect in Nathan’s fourth quarter of our fiscal year ending March 26, 2017.

In January 2015, the FASB issued new guidance to simplify the income statement presentation requirements by eliminating the seldom-used concept of extraordinary items. Extraordinary items are events and transactions that are distinguished by their unusual nature and by the infrequency of their occurrence. Eliminating the extraordinary classification simplifies the income statement presentation by no longer segregating such extraordinary items from the ordinary results of operations and separately stating the amount, net of tax along with the effect on earnings per share. This new standard is effective for annual periods beginning after December 15, 2015, including interim periods therein, which for Nathan’s would be its first quarter of fiscal 2017 beginning March 28, 2016. Early adoption is permitted provided that the guidance is applied from the beginning of the fiscal year of adoption. Nathan’s expects to early adopt this standard in the first quarter of our fiscal year ending March 27, 2016 that begins on March 30, 2015. Nathan’s does not expect the adoption of this new guidance to have a material impact on its results of operations or financial position.

In April 2015, the FASB issued new guidance to simplify the presentation of debt issuance costs. Under the new standard, debt issuance costs related to a recognized debt liability shall be presented in the balance sheet as a direct deduction to the carrying value of the debt and not as an asset. The amendment is effective for public entities with fiscal years beginning after December 15, 2015 and interim periods within those periods and will be applied retroactively. Early adoption of the amendment is permitted for financial statements that have not been previously issued. Nathan’s has early adopted this new standard in its financial statements beginning with the period ended March 29, 2015. The adoption of this new guidance did not have a material impact on its results of operations or financial position.

The Company does not believe that any other recently issued, but not yet effective accounting standards, when adopted, will have a material effect on the accompanying financial statements.

- Definition

The entire disclosure for all significant accounting policies of the reporting entity.

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Note C - Income Per Share

12 Months Ended

Mar. 29, 2015

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE C - 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 effects 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 restricted stock, using the treasury stock method.

The following chart provides a reconciliation of information used in calculating the per share amounts for the fiscal years ended March 29, 2015, March 30, 2014 and March 31, 2013, respectively:

	Net Income						Shares						Net income per share
	2015		2014		2013		2015		2014		2013		2015			2014			2013

Basic EPS
Basic calculation	$	11,703	$	8,327	$	7,468		4,486,000		4,450,000		4,400,000	$	2.61		$	1.87		$	1.70
Effect of dilutive employee stock options		-		-		-		102,000		155,000		188,000		(.06	)		(.06	)		(.07	)

Diluted EPS
Diluted calculation	$	11,703	$	8,327	$	7,468		4,588,000		4,605,000		4,588,000	$	2.55		$	1.81		$	1.63

There were no options to purchase shares of common stock for the years ended March 29, 2015, March 30, 2014 and March 31, 2013 that were excluded from the computation of diluted earnings per share.

- Definition

The entire disclosure for earnings per share.

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Note D - Marketable Securities

12 Months Ended

Mar. 29, 2015

Notes to Financial Statements

Marketable Securities Disclosure [Text Block]

NOTE D – MARKETABLE SECURITIES

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:

	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Market Value
March 29 , 2015	$	7,019	$	72	$	-	$	7,091

March 30, 2014	$	10,947	$	240	$	-	$	11,187

As of March 29, 2015, the municipal bonds mature at various dates between April 2015 and January 2017.

The following represents the bond maturities by period:

Fair value of Municipal Bonds	Total		Less than 1 Year		1 – 5 Years		5 – 10 Years		After 10 Years

March 29 , 201 5	$	7,091	$	4,650	$	2,441	$	-	$	-

Proceeds from the sale of available-for-sale securities and the resulting gross realized gains included in the determination of net income are as follows:

	March 29 , 201 5		March 30, 2014		March 31, 2013
Available-for-sale securities:
Proceeds	$	8,020	$	2,890	$	2,000
Gross realized gains	$	-	$	-	$	-

The change in net unrealized losses on available-for-sale securities for the fiscal years ended March 29, 2015, March 30, 2014 and March 31, 2013, of $(102),

$(180) and $(168), respectively, which is net of deferred income taxes, has been included as a component of comprehensive income. Accumulated other comprehensive income is comprised entirely of the net unrealized gains on available-for-sale securities as of March 29, 2015 and March 30, 2014.

Note E - Accounts and Other Receivables, Net

12 Months Ended

Mar. 29, 2015

Notes to Financial Statements

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

NOTE E - ACCOUNTS AND OTHER RECEIVABLES, NET

Accounts and other receivables, net, consist of the following:

	March 29 ,		March 30,
	201 5		2014

Branded product sales	$	6,317	$	5,141
Franchise and license royalties		2,570		1,658
Other		1,055		1,457
		9,942		8,256

Less: allowance for doubtful accounts		443		433

Accounts and other receivables, net	$	9,499	$	7,823

Accounts receivable are due within 30 days and are stated at amounts due from franchisees, retail licensees and Branded Product Program customers, net of an allowance for doubtful accounts. Accounts outstanding longer than the contractual payment terms are generally 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 uncollectible amounts through a charge to earnings. The Company writes off accounts receivable when they are deemed to be uncollectible against the allowance for doubtful accounts.

Changes in the Company’s allowance for doubtful accounts for the fiscal years ended March 29, 2015, March 30, 2014 and March 31, 2013 are as follows:

	March 29, 2015			March 30, 2014			March 31, 2013

Beginning balance	$	433		$	130		$	138
Bad debt expense		23			21			15
Uncollectible marketing fund contributions		-			320			5
Accounts written off		(13	)		(38	)		(28	)

Ending balance	$	443		$	433		$	130

- 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.

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Note G - Long-Term Investment	12 Months Ended
Note G - Long-Term Investment	Mar. 29, 2015
Notes to Financial Statements
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. Nathan’s investment currently represents 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 dividends distributed by the investee as income to the extent that dividends are distributed from net accumulated earnings of the investee. There were no dividends declared by the investee during the fifty-two week periods ended March 29, 2015 or March 30, 2014. Each reporting period, management reviews the carrying value of this investment based upon the financial information provided by the investment’s management and considers whether indicators of impairment exist. If an impairment indicator exists, management evaluates the fair value of its 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. We have performed our evaluation of whether indicators of impairment existed, and determined that an other-than-temporary impairment has occurred and recorded an impairment charge of $400 on this investment during the fifty-two week period ended March 30, 2014.

Note H - Property and Equipment, Net

12 Months Ended

Mar. 29, 2015

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

NOTE H - PROPERTY AND EQUIPMENT, NET

Property and equipment consists of the following:

	March 29,		March 30,
	2015		2014

Land	$	1,197	$	1,197
Building and improvements		2,067		2,161
Machinery, equipment, furniture and fixtures		5,594		6,349
Leasehold improvements		6,120		6,792
Construction-in-progress		1,225		25
		16,203		16,524
Less: accumulated depreciation and amortization		6,946		7,554

	$	9,257	$	8,970

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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Note J - Income Taxes

12 Months Ended

Mar. 29, 2015

Notes to Financial Statements

Income Tax Disclosure [Text Block]

NOTE J - INCOME TAXES

The income tax provision consists of the following for the fiscal years ended March 29, 2015, March 30, 2014 and March 31, 2013:

	March 29, 2015		March 30, 2014		March 31, 2013
Federal
Current	$	5,992	$	2,664	$	3,237
Deferred		60		1,421		377
		6,052		4,085		3,614
State and local
Current		1,599		918		937
Deferred		51		231		120
		1,650		1,149		1,057
	$	7,702	$	5,234	$	4,671

The total income tax provision for the fiscal years ended March 29, 2015, March 30, 2014 and March 31, 2013 differs from the amounts computed by applying the United States Federal income tax rates of 35%,

34% and 34%, respectively, to income before income taxes as a result of the following:

	March 29 , 201 5			March 30, 2014			March 31, 2013

Computed “expected” tax expense	$	6,792		$	4,611		$	4,127
State and local income taxes, net of Federal income tax benefit		1,112			773			633
Tax-exempt investment earnings		(63	)		(110	)		(133	)
Change in uncertain tax positions, net		(62	)		(22	)		22
Nondeductible meals and entertainment and other		(77	)		(18	)		22
	$	7,702		$	5,234		$	4,671

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are presented below:

	March 29 ,			March 30,
	201 5			2014
Deferred tax assets
Accrued expenses	$	145		$	162
Allowance for doubtful accounts		52			49
Deferred revenue		432			569
Deferred stock compensation		223			594
Excess of straight line over actual rent		412			289
Investment		152			157
Other		140			129
Total gross deferred tax assets	$	1,556		$	1,949

Deferred tax liabilities
Deductible prepaid expense		288			302
Unrealized gain on marketable securities		16			83
Depreciation expense		1,692			1,692
Deductible business interruption expenses		-			293
Amortization		311			287
Total gross deferred tax liabilities		2,307			2,657
Net deferred tax (liability)		(751	)		(708	)
Less current portion		(277	)		(26	)
Long-term portion	$	(1,028	)	$	(734	)

A valuation allowance is provided when it is more likely than not that some portion, or all, of the deferred tax assets will not be realized. We consider the level of historical taxable income, scheduled reversal of temporary differences, tax planning strategies and projected future taxable income in determining whether a valuation allowance is warranted. Based upon these considerations, management believes that it is more likely than not that the Company will realize the benefit of its gross deferred tax asset.

The following is a tabular reconciliation of the total amounts of unrecognized tax benefits, excluding interest and penalties, for the fiscal years ended March 29, 2015, March 30, 2014 and March 31, 2013.

	March 29, 2015			March 30, 2014			March 31, 2013

Unrecognized tax benefits, beginning of year	$	283		$	296		$	422
Decreases of tax positions taken in prior years		(64	)		(34	)		(50	)
Increases based on tax positions taken in current year		47			21			34
Settlements of tax positions taken in prior years		-			-			(110	)
Unrecognized tax benefits, end of year	$	266		$	283		$	296

The amount of unrecognized tax benefits at March 29, 2015, March 30, 2014 and March 31, 2013 were $266, $283 and $296, respectively, all of which would impact Nathan’s effective tax rate, if recognized. As of March 29, 2015 and March 30, 2014, the Company had $289

and $329, respectively, accrued for the payment of interest and penalties. For the fiscal years ended March 29, 2015, March 30, 2014 and March 31, 2013 Nathan’s recognized interest and penalties in the amounts of $44, $43, and $46, respectively. The Company believes that it is reasonably possible that decreases in unrecognized tax benefits of up to

98 may be recorded within the next year.

In May 2014, Nathan’s received notification from the Internal Revenue Service that it is seeking to review its tax return for the year ended March 31, 2013. The earliest tax years’ that are subject to examination by taxing authorities by major jurisdictions are as follows:

Jurisdiction		Fiscal Year
Federal		2012
New York State		2012
New York City		2012

- 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.

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Note K - Long-term Debt

12 Months Ended

Mar. 29, 2015

Notes to Financial Statements

Debt Disclosure [Text Block]

NOTE K –

LONG-TERM DEBT

Long-term debt consists of the following:

	March 29,
	2015

10.000% Senior secured notes due 2020	$	135,000
Less: current maturities of long-term debt		-
Less: unamortized debt discounts and issuance costs		(5,860	)
	$	129,140

On March 10, 2015, the Company completed the issuance of $135,000 of 10.000% Senior Secured

Notes due 2020 (“The Notes”) in a Rule 144A transaction. The Company used the proceeds to pay a special cash dividend of approximately $116,100 (see Note L.1) with the remaining net proceeds for general corporate purposes, including working capital. Debt discounts and issuance costs are presented net of the long-term debt of approximately $5,926 which will be amortized into interest expense over the 5-year term of the Notes.

The notes bear interest at 10.000% per annum, payable semi-annually on March 15

and September 15

with the first payment due on September 15, 2015. The Notes have no scheduled principal amortization payments prior to its final maturity on March 10, 2020.

There are no financial maintenance covenants associated with the Notes.

The Indenture contains certain covenants limiting the Company’s ability and the ability of its restricted subsidiaries (as defined in the Indenture) to, subject to certain exceptions and qualifications: (i) incur additional indebtedness; (ii) pay dividends or make other distributions on, redeem or repurchase, capital stock; (iii) make investments or other restricted payments; (iv) create or incur certain liens; (v) incur restrictions on the payment of dividends or other distributions from its restricted subsidiaries; (vi) enter into certain transactions with affiliates; (vii) sell assets; or (viii) effect a consolidation or merger.

Certain Restricted Payments which may be made or indebtedness incurred by Nathan’s or its Restricted Subsidiaries may require compliance with certain financial ratios.

The Indenture also contains customary events of default, including, among other things, failure to pay interest, failure to comply with agreements related to the indenture, failure to pay at maturity or acceleration of other indebtedness, failure to pay certain judgments, and certain events of insolvency or bankruptcy. Generally, if any event of default occurs, the Trustee or the holders of at least 25% in principal amount of the Notes may declare the Notes due and payable by providing notice to the Company. In case of default arising from certain events of bankruptcy or insolvency, the Notes will become immediately due and payable.

As of March 29, 2015, Nathan’s was in compliance with all covenants associated with the Notes.

The finacial ratios are as follows:

Fixed Charge Coverage Ratio

: the ratio of the Consolidated Cash Flow to the Fixed Charges for the relevant period, currently set at 2.0 to 1.0 in the Indenture.

The Fixed Charge Coverage Ratio applies to determining whether additional Restricted Payments may be made, certain additional debt may be incurred and acquisitions may be made.

Priority Secured Leverage Ratio

: the ratio of (a) Consolidated Net Debt outstanding as of such date that is secured by a Priority Lien to (b) Consolidated Cash Flow of Nathan’s for the Test Period then most recently ended, in each case with such pro forma adjustments as are appropriate; currently set at 0.40 to 1.00 in the Indenture.

Secured Leverage Ratio

: the ratio of (a) Consolidated Net Debt outstanding as of such date that is secured by a Lien on any property of Nathan’s or any Guarantor to (b) Consolidated Cash Flow of Nathan’s for the Test Period then most recently ended, in each case with such pro forma adjustments as are appropriate. The Secured Leverage Ratio under the Indenture is 3.75 to 1.00 and applies if Nathan’s wants to incur additional debt on the same terms as the Notes.

The Notes are general senior secured obligations, are guaranteed by the substantially all of the Company’s wholly-owned subsidiaries and rank

pari passu

in right of payment with all of the Company’s existing and future indebtedness that is not subordinated, are senior in right of payment to any of the Company’s existing and future subordinated indebtedness, are structurally subordinated to any existing and future indebtedness and other liabilities of the Company’s subsidiaries that do not guarantee the Notes, and are effectively junior to all existing and future indebtedness that is secured by assets other than the collateral securing the Notes.

Prior to September 15, 2017, the Company has the option to redeem up to 35% of the aggregate principal amount of the Notes at a redemption price equal to 110% of the principal amount of the Notes redeemed, plus accrued and unpaid interest and any additional interest, with the net cash proceeds of certain equity offerings.

The Company may redeem the Notes in whole or in part prior to September 15, 2017, at a redemption price of 100% of the principal amount of the Notes plus the Applicable Premium, plus accrued and unpaid interest. An Applicable Premium is the greater of 1% of the principal amount of the Notes; or the excess of the present value at such redemption date of (i) the redemption price of the Notes at September 15, 2017 plus (ii) all required interest payments due on the Notes through September 15, 2017 (excluding accrued but unpaid interest to the redemption date), computed using a discount rate equal to the Treasury Rate as of such redemption date plus 50 basis points; over the then outstanding principal amount of the Notes. On or after September 15, 2017, the Company may redeem some or all of the Notes at a decreasing premium over time, plus accrued and unpaid interest as follows:

YEAR	PERCENTAGE
On or after September 15, 2017 and prior to March 15, 2018		105.000%
On or after March 15, 2018 and prior to March 15, 2019		102.500%
On and after March 15, 2019		100.000%

In certain circumstances involving a change of control, the Company will be required to make an offer to repurchase all or, at the holder’s option, any part, of each holder’s Notes pursuant to the offer described below (the “Change of Control Offer”). In the Change of Control Offer, the Company will be required to offer payment in cash equal to 101% of the aggregate principal amount of Notes repurchased plus accrued and unpaid interest, to the date of purchase.

If the Company sells certain assets and does not use the net proceeds as required, the Company will be required to use such net proceeds to repurchase the Notes at 100% of the principal amount thereof, plus accrued and unpaid interest and additional interest penalty, if any, to the date of repurchase.

The Notes may be traded between qualified institutional buyers pursuant to Rule 144A of the Securities Act of 1933. We have recorded the Notes at cost. As of March 29, 2015, the fair value of the long-term debt was $141,835, as determined based upon review of observable pricing in secondary markets as of the last trading day of the fiscal period. Accordingly, the long-term debt is categorized as Level 2 for purposes of the fair value measurement hierarchy.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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Note L - Stockholders' Equity, Stock Plans and Other Employee Benefit Plans

12 Months Ended

Mar. 29, 2015

Notes to Financial Statements

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

NOTE

– STOCKHOLDERS’ EQUITY, STOCK PLANS AND OTHER EMPLOYEE BENEFIT PLANS

Dividend

On March 10, 2015, the Company’s Board of Directors declared a special cash dividend of $25.00 per share payable to shareholders of record as of March 20, 2015. On March 27, 2015, the Company paid cash dividends of approximately $115,100 to the shareholders of our outstanding common stock. The Company also accrued $1,000 for the expected dividends payable on unvested shares pursuant to the terms of the restricted stock agreements. As certain restricted stock grants vest beginning in June 2015, the declared dividend will be paid. We estimate that approximately $375 will be paid during the next fiscal year. The ex-date for the distribution was March 30, 2015 pursuant to NASDAQ regulations for dividend distributions that are greater than 25% of the Company’s market capitalization.

Stock Incentive Plans

On September 14, 2010, the Company’s shareholders approved the Nathan’s Famous, Inc. 2010 Stock Incentive Plan (the “2010 Plan”),

which provides for the issuance of nonqualified stock options, restricted stock, restricted stock units, stock appreciation rights and other stock-based awards to directors, officers and key employees. The Company was initially authorized to issue up to 150,000 shares of common stock under the 2010 Plan, together with any shares which had not been previously issued under the Company’s previous stock option plans as of July 19, 2010 (171,000 shares), plus any shares subject to any outstanding options or restricted stock grants under the Company’s previous stock option plans that were outstanding as of July 19, 2010 and 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. Shares to be issued under the 2010 Plan may be made available from authorized but unissued stock, common stock held by the Company in its treasury, or common stock purchased by the Company on the open market or otherwise.

The number of shares issuable and the grant, purchase or exercise price of outstanding awards are subject to adjustment in the amount that the Company’s Compensation Committee considers appropriate upon the occurrence of certain events, including stock dividends, stock splits, mergers, consolidations, reorganizations, recapitalizations, or other capital adjustments. In the event that the Company issues restricted stock awards pursuant to the 2010 Plan, each share of restricted stock would reduce the amount of available shares for issuance by either 3.2 shares for each share of restricted stock granted or 1 share for each share of restricted stock granted. As of March 29, 2015, there were up to 268,500 shares available to be issued for future option grants

or up to 204,219

shares of restricted stock that may be granted

under the 2010 Plan.

In general, options granted under the Company’s stock incentive plans have terms of five or ten years and vest over periods of between three and five years. The Company has historically issued new shares of common stock for options that have been exercised and used the Black-Scholes option valuation model to determine the fair value of options granted at the grant date.

During the fiscal year ended March 29, 2015, the Company granted options to purchase 50,000 shares at an exercise price of $53.89 per share, all of which expire five years from the date of grant. All such stock options vest ratably over a four-year period commencing August 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 were as follows:

Weighted-average option fair values	$	11.970

Expected life (years)		4.5

Interest rate		1.66	%

Volatility		22.77	%

Dividend Yield		0	%

The expected dividend yield is based on historical and projected yields for regular dividends. 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.

During the fiscal year ended March 30, 2014, the Company granted 25,000 shares of restricted stock at a fair value of $49.80 per share representing the closing price on the date of grant, which will be fully vested five years from the date of grant. The restrictions on the shares lapse ratably over a five-year period on the annual anniversary of the date of grant. The compensation expense related to this restricted stock award is expected to be $1,245 and will be recognized, commencing on the grant date, over the next five years.

During the fiscal year ended March 31, 2013, the Company granted 50,000 shares of restricted stock at a fair value of $29.29 per share representing the closing price on the date of grant, which will be fully vested four years from the date of grant. Upon grant, 10,000 shares vested immediately, and the restrictions on the remaining 40,000 shares lapse ratably over a four-year period on the annual anniversary of the date of grant.

The Company recognizes compensation cost for unvested stock-based incentive awards on a straight-line basis over the requisite service period. Compensation cost charged to expense under all stock-based incentive awards is as follows:

	March 29, 2015		March 30, 2014		March 31, 2013

Stock options	$	318	$	224	$	224
Restricted stock		541		497		403
	$	859	$	721	$	627

The tax benefit on stock-based compensation expense was $350

$286 and $251 for the years ended March 29, 2015, March 30, 2014 and March 31, 2013, respectively. As of March 29, 2015, there was

$1,815 of unamortized compensation expense related to stock-based incentive awards. The Company expects to recognize this expense over approximately one

year and one month, which represents the weighted average remaining requisite service periods for such awards.

A summary of the status of the Company’s stock options at March 29, 2015, March 30, 2014 and March 31, 2013 and changes during the fiscal years then ended is presented in the tables below:

	2015					2014					2013
				Weighted-					Weighted-					Weighted-
				Average					Average					Average
				Exercise					Exercise					Exercise
	Shares			Price		Shares			Price		Shares			Price
Options outstanding – beginning of year		279,500		$	15.22		429,500		$	13.29		622,000		$	13.21

Granted		50,000		$	53.89		-			-		-			-

Expired		-			-		-			-		-			-

Exercised		(235,125	)		14.74		(150,000	)		9.71		(192,500	)		13.04

Options outstanding - end of year		94,375		$	36.90		279,500		$	15.22		429,500		$	13.29

Options exercisable - end of year		-		$	-		190,750		$	14.04		296,375		$	11.29

Weighted-average fair value of options granted		50,000		$	11.97		-			-		-			-

During the fiscal years ended March 29, 2015, March 30, 2014 and March 31, 2013, options to purchase 235,125, 150,000 and 192,500 shares were exercised which aggregated proceeds of $880, $944 and $389, respectively, to the Company. The aggregate intrinsic values of the stock options exercised during the fiscal years ended March 29, 2015, March 30, 2014 and March 31, 2013 was $13,040, $6,038 and $3,523, respectively.

The following table summarizes information about outstanding stock options at March 29, 2015:

			Weighted-		Weighted-
			Average		Average		Aggregate
			Exercise		Remaining		Intrinsic
	Shares		Price		Contractual Life		Value

Options outstanding at March 29, 2015		94,375	$	36.90		2.87	$	3,460

Options exercisable at March 29, 2015		-	$	-		-		-

Exercise prices range from $ 17 . 75 to $ 53 . 89

eplacement

stock

options:

March 30, 2015, was the ex-dividend date for the Nathan’s dividend distribution that was paid on March 27, 2015. Pursuant to the mandatory anti-dilution provisions of the option plan, the Company will issue replacement options for the unvested stock options that were outstanding as of March 29, 2015. Nathan’s performed its evaluation based on the closing price of its common stock on Friday March 27, 2015 of $73.56 per share, or $48.56 per share excluding the dividend of $25.00 per share. No other terms or conditions of the outstanding options were modified. The anti-dilution provisions of the original award were structured to equalize the award’s fair value before and after the modification and as a result there will be no resulting incremental fair value after the modification to equalize value.

The following table summarizes information about the replacement stock options outstanding after the conversion, effective March 30, 2015:

			Weighted-		Weighted-
			Average		Average		Aggregate
			Exercise		Remaining		Intrinsic
	Shares		Price		Contractual Life		Value

Options outstanding at March 30, 2015		142,964	$	24.36		2.87	$	3,460

Options exercisable at March 30, 2015		-	$	-		-	$	-

Exercise prices range from $11.72 to $35.576

Diluted Earnings Per Share for the fiscal year ended March 29, 2015 would have been $2.53 per share, based upon 4,621,000 weighted average shares outstanding after giving effect to the issuance of the replacement options.

Restricted stock:

Transactions with respect to restricted stock for the fiscal year ended March 29, 2015 are as follows:

				Weighted-
				Average
				Grant-date
				Fair value
	Shares			Per share
Unvested restricted stock at March 30, 2014		55,000		$	38.61

Granted		-			-

Vested		(15,000	)	$	36.13

Unvested restricted stock at March 29, 2015		40,000		$	39.54

The aggregate fair value of restricted stock vested during the fiscal years ended March 29, 2015

March 30, 2014 and March 31, 2013 was $965, $533 and $293, respectively.

Common Stock Purchase Rights

On June 5, 2013, Nathan’s adopted a new stockholder rights plan (the “2013 Rights Plan”) under which all stockholders of record as of June 17, 2013 received rights to purchase shares of common stock (the “2013 Rights”) and the previously existing “New Rights Plan” was terminated.

The 2013 Rights were distributed as a dividend. Initially, the 2013 Rights will attach to, and trade with, the Company’s common stock. Subject to the terms, conditions and limitations of the 2013 Rights Plan, the 2013 Rights will become exercisable if (among other things) a person or group acquires 15% or more of the Company’s common stock (“triggering event”). Upon such triggering event and payment of the purchase price of $100.00 (the “2013 Right Purchase Price”), each 2013 Right (except those held by the acquiring person or group) will entitle the holder to acquire one share of the Company’s common stock (or the economic equivalent thereof) or, if the then-current market price is less than the then current 2013 Right Purchase Price, a number of shares of the Company’s common stock which at the time of the transaction has a market value equal to the then current 2013 Right Purchase Price at a purchase price per share equal to the then current market price of the Company’s Common Stock.

The Company’s Board of Directors may redeem the 2013 Rights prior to the time they are triggered. Upon adoption of the 2013 Rights Plan, the Company reserved 10,188,600 shares of common stock for issuance upon exercise of the 2013 Rights. The 2013 Rights will expire on June 17, 2018 unless earlier redeemed or exchanged by the Company.

At March 29, 2015, the Company has reserved 10,311,542 shares of common stock for issuance upon exercise of the Common Stock Purchase Rights approved by the Board of Directors on June 5, 2013.

4. Stock Repurchase Programs

On December 13, 2013, the Company and Mutual Securities, Inc. (“MSI”) entered into an agreement pursuant to which MSI has been authorized on the Company’s behalf to purchase shares of the Company’s common stock, $.01 par value having a value of up to an aggregate of five million dollars ($5,000), which purchases could commence on December 23, 2013. The agreement with MSI was adopted under the safe harbor provided by Rule 10b5-1 and Rule 10b-18 of the Securities Exchange Act of 1934, as amended in order to assist the Company in implementing its previously announced stock purchase plans described below and provides for the purchase of up to an aggregate of 800,000 shares.

On September 11, 2014, the Company and MSI amended its existing agreement pursuant to which MSI was authorized on the Company’s behalf to purchase shares of the Company’s common stock, $.01 par value having a value of up to an additional $6,000, which purchases could commence on September 24, 2014. The agreement with MSI was adopted under the safe harbor provided by Rule 10b5-1 and Rule 10b-18 of the Securities Exchange Act of 1934, as amended to assist the Company in implementing its previously announced stock purchase plans.

Through March 29, 2015, Nathan’s purchased a total of 4,647,687 shares of common stock at a cost of approximately

$56,800 pursuant to the various stock repurchase plans previously authorized by the Board of Directors. Of these repurchased shares, 37,661 shares were repurchased at a cost of

$1,916 during the year ended March 29, 2015.

On November 9, 2009, Nathan’s Board of Directors authorized its sixth stock repurchase plan for the purchase of up to 500,000 shares of its common stock on behalf of the Company. On February 1, 2011, Nathan’s Board of Directors increased the authorization to purchase its common stock by an additional 300,000 shares. The Company has repurchased 548,728 shares at a cost of $13,194 under the sixth stock repurchase plan through March 29, 2015, an aggregate of 251,272 shares are available to be purchased. Purchases under the existing stock repurchase plan 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 the stock repurchase plan.

5. Employment Agreements

Effective January 1, 2007, Howard M. Lorber, previously Chairman of the Board and Chief Executive Officer, assumed the newly-created position of Executive Chairman of the Board of Nathan’s and Eric Gatoff, previously Vice President and Corporate Counsel, became Chief Executive Officer of Nathan’s.

In connection with the foregoing, the Company entered into an employment agreement with each of Messrs. Lorber (as amended, the “Lorber Employment Agreement”) and Gatoff (as amended, the “Gatoff Employment Agreement”). Under the terms of the Lorber Employment Agreement, Mr. Lorber will serve as Executive Chairman of the Board from January 1, 2007 until December 31, 2012, unless his employment is terminated in accordance with the terms of the Lorber Employment Agreement. On November 1, 2012, the Company amended its employment agreement with Mr. Lorber, extending the term of the employment agreement to December 31, 2017 and increasing the base compensation of Mr. Lorber to $600 per annum. In addition, Mr. Lorber received a grant of 50,000 shares of restricted stock subject to vesting as provided in a Restricted Stock Agreement between Mr. Lorber and the Company. Mr. Lorber will not receive a contractually-required bonus. The Lorber Employment Agreement provides for a three-year consulting period after the termination of employment during which Mr. Lorber will receive a consulting fee of $200 per year in exchange for his agreement to provide no less than 15 days of consulting services per year, provided, Mr. Lorber is not required to provide more than 50 days of consulting services per year.

The Lorber Employment Agreement provides Mr. Lorber with the right to participate in employment benefits offered to other Nathan’s executives. During and after the contract term, Mr. Lorber is subject to certain confidentiality, non-solicitation and non-competition provisions in favor of the Company.

In the event that Mr. Lorber’s employment is terminated without cause, he is entitled to receive his salary and bonus for the remainder of the contract term. The Lorber Employment Agreement further provides that in the event there is a change in control, as defined in the agreement, Mr. Lorber has the option, exercisable within one year after such event, to terminate the agreement. Upon such termination, he has the right to receive a lump sum cash payment equal to the greater of (A) his salary and annual bonuses for the remainder of the employment term (including a prorated bonus for any partial fiscal year), which bonus shall be equal to the average of the annual bonuses awarded to him during the three fiscal years preceding the fiscal year of termination; or (B) 2.99 times his salary and annual bonus for the fiscal year immediately preceding the fiscal year of termination, in each case together with a lump sum cash payment equal to the difference between the exercise price of any exercisable options having an exercise price of less than the then current market price of the Company’s common stock and such then current market price. In addition, Nathan’s will provide Mr. Lorber with a tax gross-up payment to cover any excise tax due.

In the event of termination due to Mr. Lorber’s death or disability, he is entitled to receive an amount equal to his salary and annual bonuses for a three-year period, which bonus shall be equal to the average of the annual bonuses awarded to him during the three fiscal years preceding the fiscal year of termination.

Under the terms of the Gatoff Employment Agreement, Mr. Gatoff initially served as Chief Executive Officer from January 1, 2007 until December 31, 2008, which period automatically extends for additional one-year periods unless either party delivers notice of non-renewal no less than 180 days prior to the end of the term then in effect. Consequently, the Gatoff Employment Agreement is expected to be extended through December 31, 2016, based on the original terms, and no non-renewal notice has been given.

Pursuant to the agreement, Mr. Gatoff will receive a base salary, currently $375, and an annual bonus based on his performance measured against the Company’s financial, strategic and operating objectives as determined by the Compensation Committee. The Gatoff Employment Agreement provides for an automobile allowance and the right of Mr. Gatoff to participate in employment benefits offered to other Nathan’s executives. The employment agreement automatically extends for successive one-year periods unless notice of non-renewal is provided in accordance with the agreement. During and after the contract term, Mr. Gatoff is subject to certain confidentiality, non-solicitation and non-competition provisions in favor of the Company. On June 4, 2013, Mr. Gatoff received a grant of 25,000 shares of restricted stock at a fair value of $49.80 per share representing the closing price on the date of grant, subject to vesting as provided in a Restricted Stock Agreement between Mr. Gatoff and the Company. The compensation expense related to this restricted stock award is expected to be $1,245 and will be recognized, commencing of the grant date, over the next five years.

The Company and its President and Chief Operating Officer entered into an employment agreement on December 28, 1992 for a period commencing on January 1, 1993 and ending on December 31, 1996. The employment agreement automatically extends for successive one-year periods unless notice of non-renewal is provided in accordance with the agreement. The agreement provides for annual compensation, currently $289, plus certain other benefits. In November 1993, the Company amended this agreement to include a provision under which the officer has the right to terminate the agreement and receive payment equal to approximately three times annual compensation upon a change in control, as defined.

Effective May 31, 2007, the Company and its Executive Vice President entered into a new employment agreement which provided for annual compensation of $210 plus certain other benefits. In connection with the contemplated retirement of the Executive Vice President, effective February 12, 2013, the Company and the Executive Vice President agreed to amend the employment contract to extend the expiration of the employment term from September 30, 2013 until February 12, 2014 and the Company purchased his 67,619 shares of the Company’s common stock, $.01 par value at a purchase price of $36.87 per share which was the closing price of the Company’s common stock as reported on the Nasdaq Global Market on February 13, 2013. The amendment to the Employment Agreement further provided that he will serve as a consultant to the Company from February 13, 2014 until February 12, 2015, at which time the consulting agreement terminated.

The Company and one employee of Nathan’s entered into a change of control agreement effective May 31, 2007 for annual compensation of $136 per year. The agreement additionally includes a provision under which the employee has the right to terminate the agreement and receive payment equal to approximately three times his annual compensation upon a change in control, as defined.

Each employment agreement terminates upon death or voluntary termination by the respective employee or may be terminated by the Company on up to 30-days’ prior written notice by the Company in the event of disability or “cause,” as defined in each agreement.

Defined Contribution and Union Pension Plans

The Company has a defined contribution retirement plan under Section 401(k) of the Internal Revenue Code covering all nonunion employees over age 21, who have been employed by the Company for at least one year. Employees may contribute to the plan, on a tax-deferred basis, up to 20% of their total annual salary. Historically, the Company has matched contributions at a rate of $.25 per dollar contributed by the employee on up to a maximum of 3% of the employee’s total annual salary. Employer contributions for the fiscal years ended March 29, 2015, March 30, 2014 and March 31, 2013 were $30, $34 and $31, respectively.

The Company participates in a noncontributory, multi-employer, defined benefit pension plan (the “Union Plan”) covering substantially all of the Company’s union-represented employees. The risks of participating in the Union Plan are different from a single-employer plan in the following aspects (a) assets contributed to the Union Plan by one employer may be used to provide benefits to employees of other participating employers; (b) if a participating employer stops contributing to the plan, the unfunded obligations of the plan may be borne by the remaining participating employers; and (c) if the Company chooses to stop participating in the Union Plan, the Company may be required to pay the Union Plan an amount based on the underfunded status of the Union Plan, referred to as a withdrawal liability. The Company has no plans or intentions to stop participating in the plan as of March 29, 2015 and does not believe that there is a reasonable possibility that a withdrawal liability will be incurred. Contributions to the Union Plan were $10, $10 and $16 for the fiscal years ended March 29, 2015, March 30, 2014 and March 31, 2013, respectively.

7. Other Benefits

The Company provides, on a contributory basis, medical benefits to active employees. The Company does not provide medical benefits to retirees.

- 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.

+ References+ Details

Note M - Commitments and Contingencies

12 Months Ended

Mar. 29, 2015

Notes to Financial Statements

Commitments and Contingencies Disclosure [Text Block]

NOTE M - COMMITMENTS AND CONTINGENCIES

1. Commitments

The Company’s operations are principally conducted in leased premises. The leases generally have initial terms ranging from 5 to 20 years and usually provide for renewal options ranging from 5 to 20 years. Most of the leases contain escalation clauses and common area maintenance charges (including taxes and insurance).

As of March 29, 2015

the Company had non-cancelable operating lease commitments, net of certain sublease rental income, as follows:

	Lease		Sublease		Net lease
	commitments		income		commitments

2016	$	1,641	$	270	$	1,371
2017		1,658		254		1,404
2018		1,685		262		1,423
2019		1,658		266		1,392
2020		1,545		267		1,278
Thereafter		8,022		1,357		6,665

	$	16,209	$	2,676	$	13,533

Aggregate rental expense, net of sublease income, under all current leases amounted to $1,617, $1,391 and $1,102 for the fiscal years ended March 29, 2015, March 30, 2014 and March 31, 2013, respectively. Sublease rental income was $267, $265 and $353 for the fiscal years ended March 29, 2015, March 30, 2014 and March 31, 2013, respectively.

Contingent rental payments on building leases are typically made based on the percentage of gross sales of the individual restaurants that exceed predetermined levels. The percentage of gross sales to be paid and related gross sales level vary by unit. Contingent rental expense, which is inclusive of common area maintenance charges, was approximately $489, $454 and $399 for the fiscal years ended March 29, 2015, March 30, 2014 and March 31, 2013, respectively.

At March 29, 2015, the Company leases two sites which it in turn subleases to franchisees, which expire on various dates through 2027 exclusive of renewal options. The Company remains liable for all lease costs when properties are subleased to franchisees.

Legal Proceedings

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.

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. The guaranty expired as of March 29, 2015 and the Company has reversed all previously recorded liabilities in connection with this guaranty. In connection with the Nathan’s Franchise Agreement, Nathan’s has received a personal guaranty from the franchisee for all obligations under the Guaranty. Nathan’s has not been required to make any payments pursuant to the Guaranty.

Hurricane Sandy

On October 29, 2012, Superstorm Sandy struck the Northeastern United States, which forced the closing of all of the Company-owned restaurants. Seventy-eight franchised restaurants, including 18 Branded Menu locations, were closed for varying periods of time, one of which remains closed. Our Company-owned restaurant in Oceanside, New York was closed for approximately two weeks. Our Coney Island Boardwalk restaurant sustained minor damage and re-opened on March 18, 2013. Our flagship Coney Island restaurant incurred significant damage and re-opened on May 20, 2013. As a result of these damages, the Company incurred actual losses during the fiscal year ended March 31, 2013, of approximately $1,340, inclusive of amounts written off of $449 related to destroyed or damaged property and equipment and $42 of unsalable inventories.

As of March 30, 2014, the Company settled the property damage claim with its insurers and received payments of approximately $3,400, net of fees, from our insurer and used these proceeds towards the rebuilding of the Coney Island restaurant. In connection with the settlement of the property and casualty loss, the Company recognized a gain of approximately $2,774 during the fiscal ended March 30, 2014.

In April 2014, the Company settled its claim for reimbursable on-going business expenses while the restaurant was closed of approximately $718, net of fees, that was included in accounts and other receivables in the accompanying balance sheet as of March 30, 2014.

- Definition

The entire disclosure for commitments and contingencies.

+ References+ Details

Note N - Related Party Transactions	12 Months Ended
Note N - Related Party Transactions	Mar. 29, 2015
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	NOTE N - RELATED PARTY TRANSACTIONS An accounting firm of which Charles Raich, who serves on Nathan’s Board of Directors, has been The Founding Partner, received ordinary tax preparation and other consulting fees of $160, $130 and $136 for the fiscal years ended March 29, 2015, March 30, 2014 and March 31, 2013, respectively. A firm to which Mr. Lorber is as an investor (and, prior to January 2012, a consultant), and the firm’s affiliates, received ordinary and customary insurance commissions aggregating approximately $24, $24 and $25 for the fiscal years ended March 29, 2015, March 30, 2014 and March 31, 2013, respectively.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References+ Details

Note O - Quarterly Financial Information (Unaudited)

12 Months Ended

Mar. 29, 2015

Notes to Financial Statements

Quarterly Financial Information [Text Block]

NOTE O - QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

	First Quarter		Second Quarter		Third Quarter		Fourth Quarter

Fiscal Year 201 5

Total revenues	$	27,668	$	28,953	$	22,353	$	20,401
Gross profit (a)		4,240		4,716		2,594		2,019
Net income		4,071		3,854		2,241		1,537

Per share information
Net income per share
Basic (b)	$	.91	$	.86	$	.50	$	.34
Diluted (b)	$	.89	$	.84	$	.49	$	.34

Shares used in computation of net income per share
Basic (b)		4,471,000		4,472,000		4,482,000		4,521,000
Diluted (b)		4,593,000		4,593,000		4,603,000		4,562,000

After giving effect to the issuance of the replacement options, Diluted Earnings Per Share would have been $0.34 per share based upon 4,576,000 weighted average shares outstanding for the fourth quarter ended March 29, 2015.

	First Quarter		Second Quarter		Third Quarter		Fourth Quarter

Fiscal Year 2014

Total revenues	$	23,401	$	23,662	$	18,533	$	17,331
Gross profit (a)		3,475		4,513		2,457		2,004
Net income		3,354		2,648		1,107		1,218

Per share information
Net income per share
Basic (b)	$	.76	$	.59	$	.25	$	.27
Diluted (b)	$	.73	$	.57	$	.24	$	.27

Shares used in computation of net income per share
Basic (b)		4,415,000		4,460,000		4,466,000		4,459,000
Diluted (b)		4,588,000		4,625,000		4,622,000		4,594,000

(a)

Gross profit represents the difference between sales and cost of sales.

(b)

The sum of the quarters may not equal the full year per share amounts included in the accompanying consolidated statements of earnings due to the effect of the weighted average number of shares outstanding during the fiscal years as compared to the quarters.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

+ References+ Details

Note P - Subsequent Event	12 Months Ended
Note P - Subsequent Event	Mar. 29, 2015
Notes to Financial Statements
Subsequent Events [Text Block]	NOTE P - SUBSEQUENT EVENT On June 10, 2015, the Company and Wayne Norbitz entered into a Transition Agreement (the “Transition Agreement”) relating to the retirement of Mr. Norbitz as President and Chief Operating Officer of the Company. Under the Transition Agreement, Mr. Norbitz will continue to serve as President and Chief Operating Officer of the Company through August 7, 2015 at which time he will become a Consultant to the Company pursuant to the terms of a one year Consulting Agreement between him and the Company (the “Consulting Agreement”). The Consulting Agreement provides that Mr. Norbitz will receive a consulting fee of $16,291 per month. The Transition Agreement further provides that Mr. Norbitz will receive a severance payment of $288,750 and under the terms of the Transition Agreement the Company purchased from Mr. Norbitz 56,933 shares of the Company’s common stock, $.01 par value (the “Common Stock”) at a purchase price of $40.28 which was the closing price of the Common Stock as reported on the Nasdaq Global Market on June 10,2015. Mr. Norbitz will also be included as a nominee on management’s slate of Directors at the Company’s upcoming annual meeting of stockholders .

Schedule II - Valuation and Qualifying Accounts

12 Months Ended

Mar. 29, 2015

Notes to Financial Statements

Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

March 29, 2015, March 30, 2014 and March 31, 2013

(in thousands)

COL. A	COL. B		COL. C					COL. D			COL. E

Description	Balance at beginning of period		Additions charged to costs and expenses		Additions charged to other accounts			Deductions			Balance at end of period

Fifty-two weeks ended March 29, 2015

Allowance for doubtful accounts - accounts receivable	$	433	$	23	$	-		$	$13	(b)	$	443

Fifty-two weeks ended March 30, 2014

Allowance for doubtful accounts - accounts receivable	$	130	$	21	$	320	(a)	$	38	(b)	$	433

Fifty-three weeks ended March 31, 2013

Allowance for doubtful accounts - accounts receivable	$	138	$	15	$	5	(a)	$	28	(b)	$	130

(a)

Uncollectible marketing fund contributions.

(b)

Uncollectible amounts written off.

Significant Accounting Policies (Policies)

12 Months Ended

Mar. 29, 2015

Accounting Policies [Abstract]

Consolidation, Policy [Policy Text Block]

1. Principles of Consolidation

Fiscal Period, Policy [Policy Text Block]

2. Fiscal Year

Reclassification, Policy [Policy Text Block]

3. Reclassifications

Use of Estimates, Policy [Policy Text Block]

4. Use of Estimates

of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Cash and Cash Equivalents, Policy [Policy Text Block]

5. Cash and Cash Equivalents

The Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents. Cash equivalents amounted to

$1,754 and

$330 at March 29, 2015 and March 30, 2014, respectively. Substantially all of the Company’s cash and cash equivalents are in excess of government insurance.

Inventory, Policy [Policy Text Block]

Inventories

Inventories, which are stated at the lower of cost or market value, consist primarily of food items and supplies. Cost is determined using the first-in, first-out method.

Marketable Securities, Policy [Policy Text Block]

7. Marketable Securities

Property, Plant and Equipment, Policy [Policy Text Block]

8. Property and Equipment

Building and improvements (years)	5	–	25
Machinery, equipment, furniture and fixtures (years)	3	–	15
Leasehold improvements (years)	5	–	20

Goodwill and Intangible Assets, Policy [Policy Text Block]

9. Goodwill and Intangible Assets

Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]

10. Long-lived Assets

Fair Value of Financial Instruments, Policy [Policy Text Block]

11. Fair Value of Financial Instruments

The fair value hierarchy consists of the following three levels:

Level 1 - inputs to the valuation methodology are quoted prices (unadjusted) for an identical asset or liability in an active market

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 March 29, 2015 and March 30, 2014 based upon the valuation hierarchy:

March 29, 2015	Level 1		Level 2		Level 3		Carrying Value
Marketable securities	$	-	$	7,091	$	-	$	7,091

Total assets at fair value	$	-	$	7,091	$	-	$	7,091

March 30, 2014	Level 1		Level 2		Level 3		Carrying Value
Marketable securities	$	-	$	11,187	$	-	$	11,187

Total assets at fair value	$	-	$	11,187	$	-	$	11,187

The carrying amounts of cash equivalents, accounts receivable and accounts payable approximate fair value due to the short-term maturity of the instruments.

Start-up Activities, Cost Policy [Policy Text Block]

12.

Start-up Costs

Pre-opening and similar restaurant costs are expensed as incurred.

Revenue Recognition, Policy [Policy Text Block]

13. Revenue Recognition - Branded Product Program

14. Revenue Recognition - Company-owned Restaurants

Sales by Company-owned restaurants, which are typically paid in cash or credit card by the customer, are recognized at the point of sale. Sales are presented net of sales tax.

15. Revenue Recognition - Franchising Operations

The following services are typically provided by the Company prior to the opening of a franchised restaurant:

Approval of all site selections to be developed.

Provision of architectural plans suitable for restaurants to be developed.

Assistance in establishing building design specifications, reviewing construction compliance and equipping the restaurant.

Provision of appropriate menus to coordinate with the restaurant design and location to be developed.

Provision of management training for the new franchisee and selected staff.

Assistance with the initial operations of restaurants being developed.

At March 29, 2015 and March 30, 2014,

$278

$214 and $200, respectively, of deferred development fee revenue is included in other liabilities in the accompanying consolidated balance sheets.

The following is a summary of franchise openings and closings for the Nathan’s franchise restaurant system for the fiscal years ended March 29, 2015, March 30, 2014 and March 31, 2013:

	March 29 ,			March 30,			March 31,
	201 5			2014			2013

Franchised restaurants operating at the beginning of the period		324			303			299

New franchised restaurants opened during the period		36			56			40

Franchised restaurants closed during the period		(64	)		(35	)		(36	)

Franchised restaurants operating at the end of the period		296			324			303

Franchise fees and royalties that are not deemed to be collectible are not recognized as revenue until paid by the franchisee or until collectibility is deemed to be reasonably assured.

16. Revenue Recognition – License Royalties

Concentration Risk, Credit Risk, Policy [Policy Text Block]

17. Business Concentrations and Geographical Information

The Company’s primary supplier of hot dogs represented

83%,

75% and

5%,

5% and 7% of product purchases for the fiscal years ended March 29, 2015, March 30, 2014 and March 31, 2013, respectively.

The Company’s revenues for the fiscal years ended March 29, 2015, March 30, 2014 and March 31, 2013 were derived from the following geographic areas:

	March 29, 2015		March 30, 2014		March 31, 2013

Domestic (United States)	$	95,682	$	76,221	$	68,025
Non-domestic		3,430		3,531		3,044
	$	99,112	$	79,752	$	71,069

The Company’s sales for the fiscal years ended March 29, 2015, March 30, 2014 and March 31, 2013 were derived from the following:

	March 29, 2015		March 30, 2014		March 31, 2013

Branded Products	$	58,948	$	51,877	$	43,214
Company-owned restaurants		15,874		13,231		13,403
Other		698		413		39
	$	75,520	$	65,521	$	56,656

Advertising Costs, Policy [Policy Text Block]

18. Advertising

Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]

19. Stock-Based Compensation

At March 29, 2015, the Company had one stock-based compensation plan in effect which is more fully described in Note L.

Cost of Sales, Policy [Policy Text Block]

20. Classification of Operating Expenses

Cost of sales consists of the following:

The cost of food and other products sold by Company-operated restaurants, through the Branded Product Program and through other distribution channels.

The cost of labor and associated costs of in-store restaurant management and crew.

The cost of paper products used in Company-operated restaurants.

Other direct costs such as fulfillment, commissions, freight and samples.

Restaurant operating expenses consist of the following:

Occupancy costs of Company-operated restaurants.

Utility costs of Company-operated restaurants.

Repair and maintenance expenses of Company-operated restaurant facilities.

Marketing and advertising expenses done locally and contributions to advertising funds for Company-operated restaurants.

Insurance costs directly related to Company-operated restaurants.

Income Tax, Policy [Policy Text Block]

21. Income Taxes

Uncertain Tax Positions

New Accounting Pronouncements, Policy [Policy Text Block]

Adoption of New Accounting Pronouncements

The Company does not believe that any other recently issued, but not yet effective accounting standards, when adopted, will have a material effect on the accompanying financial statements.

Note B - Summary of Significant Accounting Policies (Tables)

12 Months Ended

Mar. 29, 2015

Notes Tables

Property, Plant and Equipment [Table Text Block]

Building and improvements (years)	5	–	25
Machinery, equipment, furniture and fixtures (years)	3	–	15
Leasehold improvements (years)	5	–	20

Fair Value, by Balance Sheet Grouping [Table Text Block]

March 29, 2015	Level 1		Level 2		Level 3		Carrying Value
Marketable securities	$	-	$	7,091	$	-	$	7,091

Total assets at fair value	$	-	$	7,091	$	-	$	7,091

March 30, 2014	Level 1		Level 2		Level 3		Carrying Value
Marketable securities	$	-	$	11,187	$	-	$	11,187

Total assets at fair value	$	-	$	11,187	$	-	$	11,187

Schedule of Franchisor Disclosure [Table Text Block]

	March 29 ,			March 30,			March 31,
	201 5			2014			2013

Franchised restaurants operating at the beginning of the period		324			303			299

New franchised restaurants opened during the period		36			56			40

Franchised restaurants closed during the period		(64	)		(35	)		(36	)

Franchised restaurants operating at the end of the period		296			324			303

Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area [Table Text Block]

	March 29, 2015		March 30, 2014		March 31, 2013

Domestic (United States)	$	95,682	$	76,221	$	68,025
Non-domestic		3,430		3,531		3,044
	$	99,112	$	79,752	$	71,069

Revenue from External Customers by Products and Services [Table Text Block]

	March 29, 2015		March 30, 2014		March 31, 2013

Branded Products	$	58,948	$	51,877	$	43,214
Company-owned restaurants		15,874		13,231		13,403
Other		698		413		39
	$	75,520	$	65,521	$	56,656

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References+ Details

Note D - Marketable Securities (Tables)

12 Months Ended

Mar. 29, 2015

Notes Tables

Schedule of Available-for-sale Securities Reconciliation [Table Text Block]

	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Market Value
March 29 , 2015	$	7,019	$	72	$	-	$	7,091

March 30, 2014	$	10,947	$	240	$	-	$	11,187

Investments Classified by Contractual Maturity Date [Table Text Block]

Fair value of Municipal Bonds	Total		Less than 1 Year		1 – 5 Years		5 – 10 Years		After 10 Years

March 29 , 201 5	$	7,091	$	4,650	$	2,441	$	-	$	-

Realized Gain (Loss) on Investments [Table Text Block]

	March 29 , 201 5		March 30, 2014		March 31, 2013
Available-for-sale securities:
Proceeds	$	8,020	$	2,890	$	2,000
Gross realized gains	$	-	$	-	$	-

Note E - Accounts and Other Receivables, Net (Tables)

12 Months Ended

Mar. 29, 2015

Notes Tables

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

	March 29 ,		March 30,
	201 5		2014

Branded product sales	$	6,317	$	5,141
Franchise and license royalties		2,570		1,658
Other		1,055		1,457
		9,942		8,256

Less: allowance for doubtful accounts		443		433

Accounts and other receivables, net	$	9,499	$	7,823

Schedule of Credit Losses for Financing Receivables, Current [Table Text Block]

	March 29, 2015			March 30, 2014			March 31, 2013

Beginning balance	$	433		$	130		$	138
Bad debt expense		23			21			15
Uncollectible marketing fund contributions		-			320			5
Accounts written off		(13	)		(38	)		(28	)

Ending balance	$	443		$	433		$	130

Note I - Accrued Expenses, Other Current Liabilities and Other Liabilities (Tables)

12 Months Ended

Mar. 29, 2015

Notes Tables

Schedule of Accrued Liabilities [Table Text Block]

	March 29,		March 30,
	2015		2014
Payroll and other benefits	$	2,847	$	2,433
Accrued rebates		815		855
Rent and occupancy costs		206		163
Deferred revenue		601		734
Construction costs		269		281
Unexpended advertising funds		-		52
Interest		750		-
Professional fees		329		81
Dividend payable		375		-
Other		220		152
	$	6,412	$	4,751

Schedule of Other Assets and Other Liabilities [Table Text Block]

	March 29,		March 30,
	2015		2014
Deferred development fees	$	214	$	200
Reserve for uncertain tax positions (Note J)		555		620
Deferred rental liability		991		661
Dividend payable		625		-
Other		12		212
	$	2,397	$	1,693

Note J - Income Taxes (Tables)

12 Months Ended

Mar. 29, 2015

Notes Tables

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	March 29, 2015		March 30, 2014		March 31, 2013
Federal
Current	$	5,992	$	2,664	$	3,237
Deferred		60		1,421		377
		6,052		4,085		3,614
State and local
Current		1,599		918		937
Deferred		51		231		120
		1,650		1,149		1,057
	$	7,702	$	5,234	$	4,671

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	March 29 , 201 5			March 30, 2014			March 31, 2013

Computed “expected” tax expense	$	6,792		$	4,611		$	4,127
State and local income taxes, net of Federal income tax benefit		1,112			773			633
Tax-exempt investment earnings		(63	)		(110	)		(133	)
Change in uncertain tax positions, net		(62	)		(22	)		22
Nondeductible meals and entertainment and other		(77	)		(18	)		22
	$	7,702		$	5,234		$	4,671

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	March 29 ,			March 30,
	201 5			2014
Deferred tax assets
Accrued expenses	$	145		$	162
Allowance for doubtful accounts		52			49
Deferred revenue		432			569
Deferred stock compensation		223			594
Excess of straight line over actual rent		412			289
Investment		152			157
Other		140			129
Total gross deferred tax assets	$	1,556		$	1,949

Deferred tax liabilities
Deductible prepaid expense		288			302
Unrealized gain on marketable securities		16			83
Depreciation expense		1,692			1,692
Deductible business interruption expenses		-			293
Amortization		311			287
Total gross deferred tax liabilities		2,307			2,657
Net deferred tax (liability)		(751	)		(708	)
Less current portion		(277	)		(26	)
Long-term portion	$	(1,028	)	$	(734	)

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

	March 29, 2015			March 30, 2014			March 31, 2013

Unrecognized tax benefits, beginning of year	$	283		$	296		$	422
Decreases of tax positions taken in prior years		(64	)		(34	)		(50	)
Increases based on tax positions taken in current year		47			21			34
Settlements of tax positions taken in prior years		-			-			(110	)
Unrecognized tax benefits, end of year	$	266		$	283		$	296

Summary of Income Tax Examinations [Table Text Block]

Jurisdiction		Fiscal Year
Federal		2012
New York State		2012
New York City		2012

Note K - Long-term Debt (Tables)

12 Months Ended

Mar. 29, 2015

Notes Tables

Schedule of Debt [Table Text Block]

	March 29,
	2015

10.000% Senior secured notes due 2020	$	135,000
Less: current maturities of long-term debt		-
Less: unamortized debt discounts and issuance costs		(5,860	)
	$	129,140

Debt Instrument Redemption [Table Text Block]

YEAR	PERCENTAGE
On or after September 15, 2017 and prior to March 15, 2018		105.000%
On or after March 15, 2018 and prior to March 15, 2019		102.500%
On and after March 15, 2019		100.000%

Note L - Stockholders' Equity, Stock Plans and Other Employee Benefit Plans (Tables)

12 Months Ended

Mar. 29, 2015

Notes Tables

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

Weighted-average option fair values	$	11.970

Expected life (years)		4.5

Interest rate		1.66	%

Volatility		22.77	%

Dividend Yield		0	%

Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan [Table Text Block]

	March 29, 2015		March 30, 2014		March 31, 2013

Stock options	$	318	$	224	$	224
Restricted stock		541		497		403
	$	859	$	721	$	627

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

	2015					2014					2013
				Weighted-					Weighted-					Weighted-
				Average					Average					Average
				Exercise					Exercise					Exercise
	Shares			Price		Shares			Price		Shares			Price
Options outstanding – beginning of year		279,500		$	15.22		429,500		$	13.29		622,000		$	13.21

Granted		50,000		$	53.89		-			-		-			-

Expired		-			-		-			-		-			-

Exercised		(235,125	)		14.74		(150,000	)		9.71		(192,500	)		13.04

Options outstanding - end of year		94,375		$	36.90		279,500		$	15.22		429,500		$	13.29

Options exercisable - end of year		-		$	-		190,750		$	14.04		296,375		$	11.29

Weighted-average fair value of options granted		50,000		$	11.97		-			-		-			-

Schedule of Share-based Compensation, Activity [Table Text Block]

			Weighted-		Weighted-
			Average		Average		Aggregate
			Exercise		Remaining		Intrinsic
	Shares		Price		Contractual Life		Value

Options outstanding at March 29, 2015		94,375	$	36.90		2.87	$	3,460

Options exercisable at March 29, 2015		-	$	-		-		-

Exercise prices range from $ 17 . 75 to $ 53 . 89

			Weighted-		Weighted-
			Average		Average		Aggregate
			Exercise		Remaining		Intrinsic
	Shares		Price		Contractual Life		Value

Options outstanding at March 30, 2015		142,964	$	24.36		2.87	$	3,460

Options exercisable at March 30, 2015		-	$	-		-	$	-

Exercise prices range from $11.72 to $35.576

Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]

				Weighted-
				Average
				Grant-date
				Fair value
	Shares			Per share
Unvested restricted stock at March 30, 2014		55,000		$	38.61

Granted		-			-

Vested		(15,000	)	$	36.13

Unvested restricted stock at March 29, 2015		40,000		$	39.54

Note O - Quarterly Financial Information (Unaudited) (Tables)

12 Months Ended

Mar. 29, 2015

Notes Tables

Schedule of Quarterly Financial Information [Table Text Block]

	First Quarter		Second Quarter		Third Quarter		Fourth Quarter

Fiscal Year 201 5

Total revenues	$	27,668	$	28,953	$	22,353	$	20,401
Gross profit (a)		4,240		4,716		2,594		2,019
Net income		4,071		3,854		2,241		1,537

Per share information
Net income per share
Basic (b)	$	.91	$	.86	$	.50	$	.34
Diluted (b)	$	.89	$	.84	$	.49	$	.34

Shares used in computation of net income per share
Basic (b)		4,471,000		4,472,000		4,482,000		4,521,000
Diluted (b)		4,593,000		4,593,000		4,603,000		4,562,000

	First Quarter		Second Quarter		Third Quarter		Fourth Quarter

Fiscal Year 2014

Total revenues	$	23,401	$	23,662	$	18,533	$	17,331
Gross profit (a)		3,475		4,513		2,457		2,004
Net income		3,354		2,648		1,107		1,218

Per share information
Net income per share
Basic (b)	$	.76	$	.59	$	.25	$	.27
Diluted (b)	$	.73	$	.57	$	.24	$	.27

Shares used in computation of net income per share
Basic (b)		4,415,000		4,460,000		4,466,000		4,459,000
Diluted (b)		4,588,000		4,625,000		4,622,000		4,594,000

Note B - Summary of Significant Accounting Policies (Details Textual) (USD $)	12 Months Ended			5 Months Ended	12 Months Ended					12 Months Ended
	Mar. 29, 2015	Mar. 30, 2014	Mar. 31, 2013	Mar. 31, 2013 Write Off of Property and Equipment [Member]	Mar. 31, 2013 Write Off of Property and Equipment [Member]	Mar. 29, 2015 Deferred Franchise Fees [Member]	Mar. 30, 2014 Deferred Franchise Fees [Member]	Mar. 29, 2015 Deferred Development Fee [Member]	Mar. 30, 2014 Deferred Development Fee [Member]	Mar. 29, 2015 New Unit Openings, Transfers, Co-branding, and Forfeitures [Member]	Mar. 30, 2014 New Unit Openings, Transfers, Co-branding, and Forfeitures [Member]	Mar. 31, 2013 New Unit Openings, Transfers, Co-branding, and Forfeitures [Member]	Mar. 29, 2015 Accounts Receivable [Member] Customer Concentration Risk [Member] Branded Product Customer A [Member]	Mar. 30, 2014 Accounts Receivable [Member] Customer Concentration Risk [Member] Branded Product Customer A [Member]	Mar. 31, 2013 Accounts Receivable [Member] Customer Concentration Risk [Member] Branded Product Customer A [Member]	Mar. 29, 2015 Accounts Receivable [Member] Customer Concentration Risk [Member] Branded Product Customer B [Member]	Mar. 30, 2014 Accounts Receivable [Member] Customer Concentration Risk [Member] Branded Product Customer B [Member]	Mar. 31, 2013 Accounts Receivable [Member] Customer Concentration Risk [Member] Branded Product Customer B [Member]	Mar. 29, 2015 Accounts Receivable [Member] Customer Concentration Risk [Member] Branded Product Customer C [Member]	Mar. 30, 2014 Accounts Receivable [Member] Customer Concentration Risk [Member] Branded Product Customer C [Member]	Mar. 31, 2013 Accounts Receivable [Member] Customer Concentration Risk [Member] Branded Product Customer C [Member]	Mar. 31, 2013 Accounts Receivable [Member] Customer Concentration Risk [Member] One Retail Licensee [Member]	Mar. 29, 2015 Sales Revenue, Net [Member] Customer Concentration Risk [Member] Branded Product Customer A [Member]	Mar. 30, 2014 Sales Revenue, Net [Member] Customer Concentration Risk [Member] Branded Product Customer A [Member]	Mar. 31, 2013 Sales Revenue, Net [Member] Customer Concentration Risk [Member] Branded Product Customer A [Member]	Mar. 29, 2015 Sales Revenue, Net [Member] Customer Concentration Risk [Member] One Retail Licensee [Member]	Mar. 29, 2015 Cost of Goods, Product Line [Member] Supplier Concentration Risk [Member] Primary Supplier of Hot Dogs [Member]	Mar. 30, 2014 Cost of Goods, Product Line [Member] Supplier Concentration Risk [Member] Primary Supplier of Hot Dogs [Member]	Mar. 31, 2013 Cost of Goods, Product Line [Member] Supplier Concentration Risk [Member] Primary Supplier of Hot Dogs [Member]	Mar. 29, 2015 Cost of Goods, Product Line [Member] Supplier Concentration Risk [Member] Distributor of Product to Company-owned Restaurants [Member]	Mar. 30, 2014 Cost of Goods, Product Line [Member] Supplier Concentration Risk [Member] Distributor of Product to Company-owned Restaurants [Member]	Mar. 31, 2013 Cost of Goods, Product Line [Member] Supplier Concentration Risk [Member] Distributor of Product to Company-owned Restaurants [Member]
Goodwill and Intangible Asset Impairment	$ 0	$ 0
Impairment of Long-Lived Assets Held-for-use	0	0	0
Cash Equivalents, at Carrying Value	1,754,000	330,000
Goodwill	95,000	95,000
Intangible Assets, Net (Excluding Goodwill)	1,353,000	1,353,000
Loss from Catastrophes			1,340,000	449,000	449,000
Long-term Debt, Gross	135,000,000
Long-term Debt, Fair Value	141,835,000
Deferred Revenue, Current						278,000	234,000
Franchise Revenue	5,581,000	5,718,000	5,842,000							1,043,000	863,000	852,000
Deferred Revenue								214,000	200,000
Concentration Risk, Percentage													20.00%	23.00%	16.00%	17.00%	13.00%	11.00%	10.00%	11.00%	10.00%	18.00%	17.00%	17.00%	12.00%	17.00%	83.00%	75.00%	82.00%	5.00%	5.00%	7.00%
Maximum Contributions to Advertising Fund Percentage of Net Sales	2.00%
Advertising Expense	$ 175,000	$ 147,000	$ 144,000

Note C - Income Per Share - Table of Earnings Per Share Reconciliation (Details) (USD $) In Thousands, except Share data, unless otherwise specified	12 Months Ended
	Mar. 29, 2015	Mar. 30, 2014	Mar. 31, 2013
Basic EPS
Basic calculation	$ 11,703	$ 8,327	$ 7,468
Basic calculation (in shares)	4,486,000	4,450,000	4,400,000
Basic calculation (in dollars per share)	$ 2.61	$ 1.87	$ 1.70
Effect of dilutive employee stock options (in shares)	102,000	155,000	188,000
Effect of dilutive employee stock options (in dollars per share)	$ (0.06)	$ (0.06)	$ (0.07)
Diluted EPS
Diluted calculation	$ 11,703	$ 8,327	$ 7,468
Weighted Average Number of Shares Outstanding, Diluted	4,588,000	4,605,000	4,588,000
Diluted calculation (in dollars per share)	$ 2.55	$ 1.81	$ 1.63

Note D - Marketable Securities - Marketable Securities (Details) (USD $) In Thousands, unless otherwise specified	Mar. 29, 2015	Mar. 30, 2014
Cost	$ 7,019	$ 10,947
Gross Unrealized Gains	72	240
Fair Market Value	$ 7,091	$ 11,187

Note D - Marketable Securities - Bond Maturities by Period (Details) (USD $) In Thousands, unless otherwise specified	Mar. 29, 2015
Fair Market Value	$ 7,091
Less than 1 year	4,650
1 - 5 years	$ 2,441

Note D - Marketable Securities - Proceeds from Sale of Available-for-Sale Securities and the Resulting Gross Realized Gains (Details) (USD $)	12 Months Ended
	Mar. 29, 2015	Mar. 30, 2014	Mar. 31, 2013
Available-for-sale securities:
Proceeds	$ 8,020,000	$ 2,890,000	$ 2,000,000
Gross realized gains	$ 0	$ 0	$ 0

Note E - Accounts and Other Receivables, Net - Accounts and Other Receivables, Net (Details) (USD $)	Mar. 29, 2015	Mar. 30, 2014
Accounts Receivable, Gross, Current	$ 9,942,000	$ 8,256,000
Less: allowance for doubtful accounts	443,000	433,000
Accounts and other receivables, net	9,499,000	7,823,000
Branded Product Sales [Member]
Accounts Receivable, Gross, Current	6,317,000	5,141,000
Franchise and License Royalties [Member]
Accounts Receivable, Gross, Current	2,570,000	1,658,000
Other Receivables [Member]
Accounts Receivable, Gross, Current	$ 1,055,000	$ 1,457,000

Note E - Accounts and Other Receivables, Net - Changes in Allowance for Doubtful Accounts (Details) (USD $)	12 Months Ended
	Mar. 29, 2015	Mar. 30, 2014	Mar. 31, 2013
Beginning balance	$ 433,000	$ 130,000	$ 138,000
Bad debt expense	23,000	21,000	15,000
Uncollectible marketing fund contributions	0	320,000	5,000
Accounts written off	(13,000)	(38,000)	(28,000)
Ending balance	$ 443,000	$ 433,000	$ 130,000

Note F - Prepaid Expenses and Other Current Assets - Prepaid Expenses and Other Current Assets (Details) (USD $) In Thousands, unless otherwise specified	Mar. 29, 2015	Mar. 30, 2014
Income taxes	$ 3,525	$ 2,059
Insurance	497	506
Other	510	564
	$ 4,532	$ 3,129

- Definition

Amount of asset related to consideration paid in advance for insurance that provides economic benefits within a future period of one year or the normal operating cycle, if longer.

+ References+ Details

- Definition

Amount of asset related to consideration paid in advance for income and other taxes that provide economic benefits within a future period of one year or the normal operating cycle, if longer.

+ References+ Details

Note G - Long-Term Investment (Details Textual) (USD $)	12 Months Ended
Note G - Long-Term Investment (Details Textual) (USD $)	Mar. 29, 2015	Mar. 30, 2014	Mar. 31, 2013	Sep. 23, 2012
Investment Owned, Balance, Shares				351,550
Long-term Investments				$ 500,000
Cost Method Investment Ownership Percentage				2.50%
Cost-method Investments, Other than Temporary Impairment	$ 0	$ 400,000	$ 0

- Definition

Balance held at close of period in number of shares.

+ References+ Details

Note H - Property and Equipment, Net - Property and Equipment (Details) (USD $) In Thousands, unless otherwise specified	Mar. 29, 2015	Mar. 30, 2014
Land	$ 1,197	$ 1,197
Building and improvements	2,067	2,161
Machinery, equipment, furniture and fixtures	5,594	6,349
Leasehold improvements	6,120	6,792
Construction-in-progress	1,225	25
	16,203	16,524
Accumulated depreciation	6,946	7,554
	$ 9,257	$ 8,970

Note I - Accrued Expenses, Other Current Liabilities and Other Liabilities - Accrued Expenses and Other Current Liabilities (Details) (USD $)	Mar. 29, 2015	Mar. 30, 2014
Payroll and other benefits	$ 2,847,000	$ 2,433,000
Accrued rebates	815,000	855,000
Rent and occupancy costs	206,000	163,000
Construction costs	269,000	281,000
Unexpended advertising funds		52,000
Interest	750,000
Professional fees	329,000	81,000
Dividend payable	375,000
Other	220,000	152,000
	6,412,000	4,751,000
Deferred Franchise Fees And Other Deferred Revenue [Member]
Deferred Revenue, Current	$ 601,000	$ 734,000

Note I - Accrued Expenses, Other Current Liabilities and Other Liabilities - Other Liabilities (Details) (USD $)	Mar. 29, 2015	Mar. 30, 2014
Deferred development fees	$ 214,000	$ 200,000
Reserve for uncertain tax positions (Note J)	555,000	620,000
Deferred rental liability	991,000	661,000
Dividend payable	625,000	0
Other	12,000	212,000
	$ 2,397,000	$ 1,693,000

Note J - Income Taxes (Details Textual) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Mar. 29, 2015	Mar. 30, 2014	Mar. 31, 2013
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	35.00%	34.00%	34.00%
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	$ 266	$ 283	$ 296
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	289	329
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense	44	43	46
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Amount of Unrecorded Benefit	$ (98)

Note J - Income Taxes - Income Tax Provision (Benefit) (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Mar. 29, 2015	Mar. 30, 2014	Mar. 31, 2013
Federal
Current	$ 5,992	$ 2,664	$ 3,237
Deferred	60	1,421	377
	6,052	4,085	3,614
State and local
Current	1,599	918	937
Deferred	51	231	120
	1,650	1,149	1,057
	$ 7,702	$ 5,234	$ 4,671

- Definition

Amount of current federal tax expense (benefit) pertaining to income (loss) from continuing operations.

+ References+ Details

- Definition

Amount of current state and local tax expense (benefit) pertaining to income (loss) from continuing operations.

+ References+ Details

- Definition

Amount of deferred federal income tax expense (benefit) pertaining to income (loss) from continuing operations.

+ References+ Details

- Definition

Amount of deferred state and local tax expense (benefit) pertaining to income (loss) from continuing operations.

+ References+ Details

Note J - Income Taxes - Effective Inome Tax Rate Reconciliation (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Mar. 29, 2015	Mar. 30, 2014	Mar. 31, 2013
Computed “expected” tax expense	$ 6,792	$ 4,611	$ 4,127
State and local income taxes, net of Federal income tax benefit	1,112	773	633
Tax-exempt investment earnings	(63)	(110)	(133)
Change in uncertain tax positions, net	(62)	(22)	22
Nondeductible meals and entertainment and other	(77)	(18)	22
	$ 7,702	$ 5,234	$ 4,671

Note J - Income Taxes - Deferred Tax Assets and Deferred Tax Liabilities (Details) (USD $)	Mar. 29, 2015	Mar. 30, 2014
Deferred tax assets
Accrued expenses	$ 145,000	$ 162,000
Allowance for doubtful accounts	52,000	49,000
Deferred revenue	432,000	569,000
Deferred stock compensation	223,000	594,000
Excess of straight line over actual rent	412,000	289,000
Investment	152,000	157,000
Other	140,000	129,000
Total gross deferred tax assets	1,556,000	1,949,000
Deferred tax liabilities
Deductible prepaid expense	288,000	302,000
Unrealized gain on marketable securities	16,000	83,000
Depreciation expense	1,692,000	1,692,000
Deductible business interruption expenses	0	293,000
Amortization	311,000	287,000
Total gross deferred tax liabilities	2,307,000	2,657,000
Net deferred tax (liability)	(751,000)	(708,000)
Less current portion	(277,000)	(26,000)
Long-term portion	$ (1,028,000)	$ (734,000)

Note J - Income Taxes - Reconciliation of Unrecognized Tax Benefits (Details) (USD $)	12 Months Ended
	Mar. 29, 2015	Mar. 30, 2014	Mar. 31, 2013
Unrecognized tax benefits, beginning of year	$ 283,000	$ 296,000	$ 422,000
Decreases of tax positions taken in prior years	(64,000)	(34,000)	(50,000)
Increases based on tax positions taken in current year	47,000	21,000	34,000
Settlements of tax positions taken in prior years	0	0	(110,000)
Unrecognized tax benefits, end of year	$ 266,000	$ 283,000	$ 296,000

Note K - Long-term Debt (Details Textual) (USD $)	0 Months Ended	12 Months Ended
Note K - Long-term Debt (Details Textual) (USD $)	Mar. 10, 2015	Mar. 29, 2015
Debt Instrument, Interest Rate, Stated Percentage		10.00%
Payments of Ordinary Dividends, Common Stock	$ 116,100,000	$ 115,110,000
Long-term Debt, Fair Value		141,835,000
Secured Debt [Member] \| Maximum [Member] \| Option to Redeem at Redemption Price Equal to Percentage of Principal Amount [Member]
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed	35.00%
Secured Debt [Member] \| Option to Redeem Notes at Redemption Price Equal to the Percentage of Principal Amount plus the Applicable Premium [Member] \| Applicable Premium if Percentage of Principal Amount is Greater than Treasury Rate Basis Spread [Member]
Debt Instrument, Applicable Premium, Percentage of Principal Amount	1.00%
Secured Debt [Member] \| Option to Redeem Notes at Redemption Price Equal to the Percentage of Principal Amount plus the Applicable Premium [Member] \| Applicable Premium if Treasury Rate Basis Spread is Greater than Percentage of Principal Amount [Member] \| Treasury Rate [Member]
Debt Instrument, Applicable Premium, Treasury Rate Basis Spread	0.50%
Secured Debt [Member] \| Option to Redeem Notes at Redemption Price Equal to the Percentage of Principal Amount plus the Applicable Premium [Member]
Debt Instrument, Redemption Price, Percentage	100.00%
Secured Debt [Member] \| In the Event of Chang of Control Offer [Member]
Debt Instrument, Redemption Price, Percentage	101.00%
Secured Debt [Member] \| In the Event the Company Sells Certain Assets and Fails to Use the Proceeds as Required [Member]
Debt Instrument, Redemption Price, Percentage	100.00%
Secured Debt [Member]
Debt Instrument, Face Amount	135,000,000
Debt Instrument, Interest Rate, Stated Percentage	10.00%
Debt Issuance Cost	5,926,000
Debt Instrument, Term	5 years
Debt Instrument, Fixed Charge Coverage Ratio	2
Debt Instrument, Priority Secured Leverage Ratio	0.4
Debt Instrument Secured Leverage Ratio	3.75
Debt Instrument, Redemption Price, Percentage	110.00%
Long-term Debt, Fair Value		$ 141,835,000

Note K - Long-term Debt - Summary of Debt (Details) (USD $)	Mar. 29, 2015
10.000% Senior secured notes due 2020	$ 135,000,000
Less: current maturities of long-term debt	0
Less: unamortized debt discounts and issuance costs	(5,860,000)
	$ 129,140,000

Note L - Stockholders' Equity, Stock Plans and Other Employee Benefit Plans (Details Textual) (USD $)

0 Months Ended

3 Months Ended

12 Months Ended

162 Months Ended

12 Months Ended

0 Months Ended

1 Months Ended

3 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

65 Months Ended

12 Months Ended

Mar. 10, 2015

Feb. 13, 2013

Mar. 29, 2015

Dec. 28, 2014

Sep. 28, 2014

Jun. 29, 2014

Mar. 30, 2014

Dec. 29, 2013

Sep. 29, 2013

Jun. 30, 2013

Mar. 29, 2015

Mar. 30, 2014

Mar. 31, 2013

Mar. 29, 2015

Mar. 27, 2015

Sep. 11, 2014

Dec. 13, 2013

Jun. 05, 2013

Sep. 13, 2012

Mar. 27, 2016

Special Cash Dividend [Member]

Scenario, Forecast [Member]

Mar. 10, 2015

Special Cash Dividend [Member]

Mar. 27, 2015

Special Cash Dividend [Member]

Mar. 29, 2015

Special Cash Dividend [Member]

Mar. 27, 2015

Excluding Dividend [Member]

Mar. 29, 2015

Earnings Per Share if Replacement Options had been Issued [Member]

Mar. 29, 2015

Earnings Per Share if Replacement Options had been Issued [Member]

Sep. 14, 2010

Newly Authorized Additional Shares Pursuant to 2010 Plan [Member]

Sep. 14, 2010

Shares Not Issued Under 2001 Plan and 2002 Plan [Member]

Sep. 14, 2010

Shares Expired or Forfeited up to 100000 Shares [Member]

Mar. 29, 2015

Employee Stock Option [Member]

Mar. 29, 2015

Restricted Stock [Member]

Executive Chairman of the Board [Member]

Jun. 04, 2013

Restricted Stock [Member]

Chief Executive Officer [Member]

Mar. 29, 2015

Restricted Stock [Member]

Mar. 30, 2014

Restricted Stock [Member]

Mar. 31, 2013

Restricted Stock [Member]

Mar. 29, 2015

The 2010 Plan [Member]

Mar. 29, 2015

Options Granted before the 2010 Plan [Member]

Mar. 29, 2015

Stock Incentive Plans [Member]

Minimum [Member]

Mar. 29, 2015

Stock Incentive Plans [Member]

Maximum [Member]

Jun. 05, 2013

The 2013 Rights [Member]

Mar. 29, 2015

Common Stock Purchase Rights [Member]

Mar. 29, 2015

Sixth Stock Repurchase Plan [Member]

Feb. 01, 2011

Sixth Stock Repurchase Plan [Member]

Nov. 09, 2009

Sixth Stock Repurchase Plan [Member]

Mar. 29, 2015

Base Salary [Member]

Executive Chairman of the Board [Member]

Mar. 29, 2015

Base Salary [Member]

Chief Executive Officer [Member]

Mar. 29, 2015

Base Salary [Member]

Chief Operating Officer [Member]

Mar. 29, 2015

Base Salary [Member]

Executive Vice President [Member]

Mar. 29, 2014

Base Salary [Member]

One Employee [Member]

Mar. 29, 2015

Consulting Fee [Member]

Executive Chairman of the Board [Member]

Mar. 29, 2015

Executive Chairman of the Board [Member]

Common Stock, Dividends, Per Share, Declared

$ 25

$ 0

$ 25

Payments of Ordinary Dividends, Common Stock

$ 116,100,000

$ 115,110,000

$ 375,000

$ 115,100,000

Dividends Payable

1,000,000

Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant

150,000

171,000

100,000

268,500

204,219

Increased Number of Shares Available for Issuance Due to Plan Amendment

250,000

Amount of Available Common Shares Reduced by Each Share of Restricted Stock Granted

3.2

Share Based Compensation Arrangement by Share Based Payment Award Option Life

5 years

10 years

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period

4 years

5 years

4 years

3 years

5 years

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross

50,000

Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price

$ 53.89

$ 0

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period

4 years

5 years

4 years

3 years

5 years

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period

50,000

25,000

50,000

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value

$ 49.80

$ 29.29

Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options

1,245,000

Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition

1 year 30 days

5 years

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period

15,000

10,000

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number

40,000

55,000

40,000

55,000

40,000

Employee Service Share-based Compensation, Tax Benefit from Compensation Expense

350,000

286,000

251,000

Share Based Compensation Total Unamortized Compensation Expense

1,815,000

Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period

235,125

150,000

192,500

Proceeds from Stock Options Exercised

880,000

944,000

389,000

Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value

13,040,000

6,038,000

3,523,000

Share Price

$ 36.87

$ 73.56

$ 48.56

$ 49.80

Earnings Per Share, Diluted

$ 0.34

^[1]

$ 0.49

^[1]

$ 0.84

^[1]

$ 0.89

^[1]

$ 0.27

^[1]

$ 0.24

^[1]

$ 0.57

^[1]

$ 0.73

^[1]

$ 2.55

$ 1.81

$ 1.63

$ 0.34

$ 2.53

Weighted Average Number of Shares Outstanding, Diluted

4,562,000

^[1]

4,603,000

^[1]

4,593,000

^[1]

4,593,000

^[1]

4,594,000

^[1]

4,622,000

^[1]

4,625,000

^[1]

4,588,000

^[1]

4,588,000

4,605,000

4,588,000

4,576,000

4,621,000

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value

965,000

533,000

293,000

Minimum Percentage of Common Stock Acquired by a Person or Group which Triggers Exercise of New Rights

15.00%

New Right Purchase Price

$ 100

Common Stock, Capital Shares Reserved for Future Issuance

10,188,600

10,311,542

Common Stock, Par or Stated Value Per Share

$ 0.01

Stock Repurchase Program, Authorized Amount

6,000,000

5,000,000

Stock Repurchase Program, Number of Shares Authorized to be Repurchased

800,000

500,000

Treasury Stock, Shares, Acquired

37,661

4,647,687

548,728

Treasury Stock, Value, Acquired, Cost Method

1,916,000

1,486,000

3,085,000

56,800,000

13,194,000

Stock Repurchase Program Number of Additional Shares Authorized to be Repurchased

300,000

Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased

251,272

Contractual Obligation

600,000

375,000

289,000

210,000

136,000

200,000

Term of Consulting Period Pursuant to the Lorber Employment [Agreement]

3 years

Number of Times of Salary and Bonus Lump Sum Cash Payment

2.99

Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized

1,245,000

Stock Repurchased During Period, Shares

67,619

Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent

20.00%

Defined Contribution Plan, Employer Matching Contribution Rate Per Dollar

0.25

Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay

3.00%

Defined Contribution Plan, Employer Discretionary Contribution Amount

30,000

34,000

31,000

Multiemployer Plans, Plan Contributions

$ 10,000

$ 16,000

[1]	The sum of the quarters may not equal the full year per share amounts included in the accompanying consolidated statements of earnings due to the effect of the weighted average number of shares outstanding during the fiscal years as compared to the quarters.

Note L - Stockholders' Equity, Stock Plans and Other Employee Benefit Plans - Fair Value Option Valuation Assumptions (Details) (USD $)	12 Months Ended
	Mar. 29, 2015 Rate
Weighted-average option fair values (in dollars per share)	$ 11.97
Expected life (years)	4 years 182 days
Interest rate	1.66%
Volatility	22.77%
Dividend Yield	0.00%

Note L - Stockholders' Equity, Stock Plans and Other Employee Benefit Plans - Compensation Cost Charged to Expense under All Stock-based Incentive Awards (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Mar. 29, 2015	Mar. 30, 2014	Mar. 31, 2013
Share-based Compensation Expense	$ 859	$ 721	$ 627
Employee Stock Option [Member]
Share-based Compensation Expense	318	224	224
Restricted Stock [Member]
Share-based Compensation Expense	$ 541	$ 497	$ 403

Note L - Stockholders' Equity, Stock Plans and Other Employee Benefit Plans - A Summary of the Status of the Company's Stock Options (Details) (USD $)	12 Months Ended
	Mar. 29, 2015	Mar. 30, 2014	Mar. 31, 2013
Options outstanding – beginning of year (in shares)	279,500	429,500	622,000
Options outstanding – beginning of year (in dollars per share)	$ 15.22	$ 13.29	$ 13.21
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	50,000	0	0
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	$ 53.89	$ 0	$ 0
Expired (in shares)	0	0	0
Expired (in dollars per share)	$ 0	$ 0	$ 0
Exercised (in shares)	(235,125)	(150,000)	(192,500)
Exercised (in dollars per share)	$ 14.74	$ 9.71	$ 13.04
Options outstanding - end of year (in shares)	94,375	279,500	429,500
Options outstanding - end of year (in dollars per share)	$ 36.90	$ 15.22	$ 13.29
Options exercisable - end of year (in shares)	0	190,750	296,375
Options exercisable - end of year (in dollars per share)	$ 0	$ 14.04	$ 11.29
Weighted-average option fair values (in dollars per share)	$ 11.97

Note L - Stockholders' Equity, Stock Plans and Other Employee Benefit Plans - Outstanding Stock Options (Details) (USD $)	12 Months Ended	0 Months Ended
	Mar. 29, 2015	Mar. 30, 2015 Subsequent Event [Member]
Options outstanding (in shares)	94,375	142,964
Options outstanding, weighted average exercise price (in dollars per share)	$ 36.90	$ 24.36
Options outstanding, weighted average remaining contractual life	2 years 317 days	2 years 317 days
Options outstanding, aggregate intrinsic value	$ 3,460,000	$ 3,460,000
Options exercisable (in shares)	0	0
Options exercisable, weighted average exercise price (in dollars per share)	$ 0	$ 0
Options exercisable, weighted average remaining contractual life	0 years	0 years
Options exercisable, aggregate intrinsic value	$ 0	$ 0

Note L - Stockholders' Equity, Stock Plans and Other Employee Benefit Plans - Outstanding Stock Options (Details) (Parentheticals) (USD $)	12 Months Ended	0 Months Ended
	Mar. 29, 2015	Mar. 30, 2015 Subsequent Event [Member]
Exercise price range, lower limit (in dollars per share)	$ 17.75	$ 11.72
Exercise price range, upper limit (in dollars per share)	$ 53.89	$ 35.576

Note L - Stockholders' Equity, Stock Plans and Other Employee Benefit Plans - Transactions with Respect to Restricted Stock (Details) (USD $)	12 Months Ended
	Mar. 29, 2015	Mar. 30, 2014
Unvested restricted stock at March 30, 2014 (in shares)	40,000	55,000
Unvested restricted stock at March 30, 2014 (in dollars per share)	$ 39.54	$ 38.61
Vested (in shares)	(15,000)
Vested (in dollars per share)	$ 36.13

Note M - Commitments and Contingencies (Details Textual) (USD $)	12 Months Ended						5 Months Ended	12 Months Ended		1 Months Ended	12 Months Ended
	Mar. 29, 2015	Mar. 30, 2014	Mar. 31, 2013	Oct. 29, 2012 Closed for Varying Periods of Time [Member] Branded Menu Location [Member]	Oct. 29, 2012 Closed for Varying Periods of Time [Member]	Oct. 29, 2012 Remain Closed [Member] Branded Menu Location [Member]	Mar. 31, 2013 Write Off of Property and Equipment [Member]	Mar. 31, 2013 Write Off of Property and Equipment [Member]	Mar. 31, 2013 Unsalable Inventories [Member]	Apr. 30, 2014 Business Interruption Claim, Net of Fees [Member]	Mar. 29, 2015 Minimum [Member]	Mar. 29, 2015 Maximum [Member]
Number of Restaurants				18	78	1
Lessee Leasing Arrangements, Operating Leases, Term of Contract											5 years	20 years
Lessee Leasing Arrangements, Operating Leases, Renewal Term											5 years	20 years
Operating Leases, Rent Expense, Net	$ 1,617,000	$ 1,391,000	$ 1,102,000
Operating Leases, Rent Expense, Sublease Rentals	267,000	265,000	353,000
Operating Leases, Rent Expense, Contingent Rentals	489,000	454,000	399,000
Property Subject to or Available for Operating Lease, Number of Units	2
Loss from Catastrophes			1,340,000				449,000	449,000	42,000
Proceeds from Insurance Settlement, Investing Activities		3,400,000
Insured Event, Gain (Loss)	0	2,774,000	0
Proceeds from Insurance Settlement, Operating Activities	$ 718,000	$ 0	$ 0							$ 718,000

Note M - Commitments and Contingencies - Non-cancelable Operating Lease Commitments (Details) (USD $) In Thousands, unless otherwise specified	Mar. 29, 2015
2016	$ 1,641
2016	270
2016	1,371
2017	1,658
2017	254
2017	1,404
2018	1,685
2018	262
2018	1,423
2019	1,658
2019	266
2019	1,392
2020	1,545
2020	267
2020	1,278
Thereafter	8,022
Thereafter	1,357
Thereafter	6,665
	16,209
	2,676
	$ 13,533

Note O - Quarterly Financial Information (Unaudited) (Details Textual) (USD $)

3 Months Ended

12 Months Ended

Mar. 29, 2015

Dec. 28, 2014

Sep. 28, 2014

Jun. 29, 2014

Mar. 30, 2014

Dec. 29, 2013

Sep. 29, 2013

Jun. 30, 2013

Mar. 29, 2015

Mar. 30, 2014

Mar. 31, 2013

Earnings Per Share, Diluted

$ 0.34

^[1]

$ 0.49

^[1]

$ 0.84

^[1]

$ 0.89

^[1]

$ 0.27

^[1]

$ 0.24

^[1]

$ 0.57

^[1]

$ 0.73

^[1]

$ 2.55

$ 1.81

$ 1.63

Weighted Average Number of Shares Outstanding, Diluted

4,562,000

^[1]

4,603,000

^[1]

4,593,000

^[1]

4,593,000

^[1]

4,594,000

^[1]

4,622,000

^[1]

4,625,000

^[1]

4,588,000

^[1]

4,588,000

4,605,000

4,588,000

Earnings Per Share if Replacement Options had been Issued [Member]

Earnings Per Share, Diluted

$ 0.34

$ 2.53

Weighted Average Number of Shares Outstanding, Diluted

4,576,000

4,621,000

[1]	The sum of the quarters may not equal the full year per share amounts included in the accompanying consolidated statements of earnings due to the effect of the weighted average number of shares outstanding during the fiscal years as compared to the quarters.

- 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.

+ References+ Details

Note O - Quarterly Financial Information (Unaudited) - Quarterly Financial Information (Details) (USD $)

3 Months Ended

Mar. 29, 2015

Dec. 28, 2014

Sep. 28, 2014

Jun. 29, 2014

Mar. 30, 2014

Dec. 29, 2013

Sep. 29, 2013

Jun. 30, 2013

Total revenues

$ 20,401,000

$ 22,353,000

$ 28,953,000

$ 27,668,000

$ 17,331,000

$ 18,533,000

$ 23,662,000

$ 23,401,000

Gross profit (a)

2,019,000

^[1]

2,594,000

^[1]

4,716,000

^[1]

4,240,000

^[1]

2,004,000

^[1]

2,457,000

^[1]

4,513,000

^[1]

3,475,000

^[1]

Net income

1,537,000

2,241,000

3,854,000

4,071,000

1,218,000

1,107,000

2,648,000

3,354,000

Net income per share

Basic calculation (in dollars per share)

$ 0.34

^[2]

$ 0.50

^[2]

$ 0.86

^[2]

$ 0.91

^[2]

$ 0.27

^[2]

$ 0.25

^[2]

$ 0.59

^[2]

$ 0.76

^[2]

Diluted calculation (in dollars per share)

$ 0.34

^[2]

$ 0.49

^[2]

$ 0.84

^[2]

$ 0.89

^[2]

$ 0.27

^[2]

$ 0.24

^[2]

$ 0.57

^[2]

$ 0.73

^[2]

Shares used in computation of net income per share

Basic (b) (in shares)

4,521,000

^[2]

4,482,000

^[2]

4,472,000

^[2]

4,471,000

^[2]

4,459,000

^[2]

4,466,000

^[2]

4,460,000

^[2]

4,415,000

^[2]

Diluted (b) (in shares)

4,562,000

^[2]

4,603,000

^[2]

4,593,000

^[2]

4,593,000

^[2]

4,594,000

^[2]

4,622,000

^[2]

4,625,000

^[2]

4,588,000

^[2]

Total revenues

20,401,000

22,353,000

28,953,000

27,668,000

17,331,000

18,533,000

23,662,000

23,401,000

Gross profit (a)

2,019,000

^[1]

2,594,000

^[1]

4,716,000

^[1]

4,240,000

^[1]

2,004,000

^[1]

2,457,000

^[1]

4,513,000

^[1]

3,475,000

^[1]

Net income

$ 1,537,000

$ 2,241,000

$ 3,854,000

$ 4,071,000

$ 1,218,000

$ 1,107,000

$ 2,648,000

$ 3,354,000

[1]	Gross profit represents the difference between sales and cost of sales.
[2]	The sum of the quarters may not equal the full year per share amounts included in the accompanying consolidated statements of earnings due to the effect of the weighted average number of shares outstanding during the fiscal years as compared to the quarters.

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References+ Details

- Definition

+ References+ Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References+ Details

Note P - Subsequent Event (Details Textual) (USD $)	12 Months Ended	162 Months Ended						0 Months Ended
Note P - Subsequent Event (Details Textual) (USD $)	Mar. 29, 2015	Mar. 29, 2015	Mar. 27, 2015	Sep. 11, 2014	Mar. 30, 2014	Dec. 13, 2013	Feb. 13, 2013	Jun. 10, 2015 Chief Operating Officer [Member] Subsequent Event [Member]	Aug. 07, 2015 Chief Operating Officer [Member] Scenario, Forecast [Member]	Jun. 10, 2015 Subsequent Event [Member]
Consulting Agreement Term								1 year
Consulting Fee Per Month									$ 16,291
Severance Costs									$ 288,750
Treasury Stock, Shares, Acquired	37,661	4,647,687						56,933
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01		$ 0.01	$ 0.01	$ 0.01	$ 0.01			$ 0.01
Share Price			$ 73.56				$ 36.87			$ 40.28

- Definition

Amount of expenses for special or contractual termination benefits provided to current employees involuntarily terminated under a benefit arrangement associated exit or disposal activities pursuant to an authorized plan. Excludes expenses related to one-time termination benefits, a discontinued operation or an asset retirement obligation.

+ References+ Details

Schedule II - Valuation and Qualifying Accounts - Valuation and Qualifying Accounts (Details) (USD $)

12 Months Ended

Mar. 29, 2015

Mar. 30, 2014

Mar. 31, 2013

Balance at beginning of period

$ 433,000

$ 130,000

$ 138,000

Additions charged to costs and expenses

23,000

21,000

15,000

Additions charged to other accounts

320,000

^[1]

5,000

^[1]

Deductions

13,000

^[2]

38,000

^[2]

28,000

^[2]

Balance at end of period

$ 443,000

$ 433,000

$ 130,000

[1]	Uncollectible marketing fund contributions.
[2]	Uncollectible amounts written off.

Note B - Summary of Significant Accounting Policies - Property and Equipment (Details)	12 Months Ended
	Mar. 29, 2015
Minimum [Member] \| Building [Member]
Estimated useful life	5 years
Minimum [Member] \| Machinery, Equipment, Furniture, and Fixtures [Member]
Estimated useful life	3 years
Minimum [Member] \| Leasehold Improvements [Member]
Estimated useful life	5 years
Maximum [Member] \| Building [Member]
Estimated useful life	25 years
Maximum [Member] \| Machinery, Equipment, Furniture, and Fixtures [Member]
Estimated useful life	15 years
Maximum [Member] \| Leasehold Improvements [Member]
Estimated useful life	20 years

Note D - Marketable Securities (Details Textual) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Mar. 29, 2015	Mar. 30, 2014	Mar. 31, 2013
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax	$ (102)	$ (180)	$ (168)

Note J - Income Taxes - The Earliest Tax Years Subject to Examination by Taxing Authorities (Details) (Earliest Tax Year [Member])	12 Months Ended
	Mar. 29, 2015
Domestic Tax Authority [Member]
Earliest tax year subject to examination	2012
New York State [Member]
Earliest tax year subject to examination	2012
New York City [Member]
Earliest tax year subject to examination	2012

Note K - Long-term Debt - Summary of Redemption Features (Details)	12 Months Ended
	Mar. 29, 2015
Debt Instrument, Redemption, Period One [Member]
Redemption percentage	105.00%
Debt Instrument, Redemption, Period Two [Member]
Redemption percentage	102.50%
Debt Instrument, Redemption, Period Three [Member]
Redemption percentage	100.00%

Note A - Description and Organization of Business (Details Textual)	Mar. 29, 2015
Number of Countries in which Entity Operates	10
Number of States in which Entity Operates	27
Entity Operated Units [Member]
Number of Restaurants	5
Franchised Units [Member]
Number of Restaurants	296

Note B - Summary of Significant Accounting Policies - Summary of Franchise Openings and Closings for the Nathan's Franchise Restaurant System (Details)	Mar. 29, 2015	Mar. 30, 2014	Mar. 31, 2013
Franchised Restaurants Operating Beginning of Period [Member]
Restaurants	324	303	299
New Franchised Restaurants Opened During Period [Member]
Restaurants	36	56	40
Franchised Restaurants Closed During Period [Member]
Restaurants	(64)	(35)	(36)
Franchised Restaurants Operating End of Period [Member]
Restaurants	296	324	303

Note C - Income Per Share (Details Textual)	12 Months Ended
Note C - Income Per Share (Details Textual)	Mar. 29, 2015	Mar. 30, 2014	Mar. 31, 2013
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	0	0