Document And Entity Information	6 Months Ended
Document And Entity Information	Sep. 27, 2015	Nov. 05, 2015
Entity Registrant Name	NATHANS FAMOUS INC
Entity Central Index Key	0000069733
Trading Symbol	nath
Current Fiscal Year End Date	--03-27
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)		4,430,523
Document Type	10-Q
Document Period End Date	Sep. 27, 2015
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	Q2
Amendment Flag	false

Consolidated Balance Sheets (Current Period Unaudited) (USD $)	Sep. 27, 2015	Mar. 29, 2015
CURRENT ASSETS
Cash and cash equivalents	$ 59,423,000	$ 51,393,000
Marketable securities		7,091,000
Accounts and other receivables, net	10,384,000	9,499,000
Inventories	785,000	822,000
Prepaid expenses and other current assets (Note I)	374,000	4,532,000
Deferred income taxes	277,000	277,000
Total current assets	71,243,000	73,614,000
Property and equipment, net of accumulated depreciation of $7,190,000 and $6,946,000, respectively	8,817,000	9,257,000
Goodwill	95,000	95,000
Intangible asset	1,353,000	1,353,000
Other assets	343,000	347,000
	81,851,000	84,666,000
CURRENT LIABILITIES
Accounts payable	4,596,000	5,319,000
Accrued expenses and other current liabilities (Note J)	5,565,000	6,412,000
Total current liabilities	10,470,000	12,009,000
Long-term debt, net of unamortized debt discounts and issuance costs of $5,327,000 and $5,860,000 respectively (Note O)	129,673,000	129,140,000
Other liabilities	2,324,000	2,397,000
Deferred income taxes	970,000	1,028,000
Total liabilities	143,437,000	144,574,000
COMMITMENTS AND CONTINGENCIES (Note P)
STOCKHOLDERS’ (DEFICIT)
Common stock, $.01 par value; 30,000,000 shares authorized; 9,263,408 and 9,252,097 shares issued; and 4,430,523 and 4,604,410 shares outstanding at September 27, 2015 and March 29, 2015, respectively	93,000	93,000
Additional paid-in capital	60,622,000	60,196,000
(Accumulated deficit)	(58,287,000)	(63,444,000)
Accumulated other comprehensive income		47,000
	2,428,000	(3,108,000)
Treasury stock, at cost, 4,832,885 and 4,647,687 shares at September 27, 2015 and March 29, 2015, respectively	(64,014,000)	(56,800,000)
Total stockholders’ (deficit)	(61,586,000)	(59,908,000)
	81,851,000	84,666,000
Deferred Franchise Fees [Member]
CURRENT LIABILITIES
Deferred franchise fees	$ 309,000	$ 278,000

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) (USD $)	Sep. 27, 2015	Mar. 29, 2015
Accumulated depreciation	$ 7,190,000	$ 6,946,000
Unamortized debt issuance costs	$ 5,327,000	$ 5,860,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	30,000,000	30,000,000
Common stock, shares issued (in shares)	9,263,408	9,252,097
Common stock, shares outstanding (in shares)	4,430,523	4,604,410
Treasury stock, shares (in shares)	4,832,885	4,647,687

Consolidated Statements of Earnings (Unaudited) (USD $)	3 Months Ended		6 Months Ended
Consolidated Statements of Earnings (Unaudited) (USD $)	Sep. 27, 2015	Sep. 28, 2014	Sep. 27, 2015	Sep. 28, 2014
REVENUES
Sales	$ 23,973,000	$ 22,821,000	$ 46,864,000	$ 43,349,000
License royalties	5,256,000	4,538,000	11,792,000	10,106,000
Franchise fees and royalties	1,390,000	1,513,000	2,617,000	3,002,000
Total revenues	30,619,000	28,872,000	61,273,000	56,457,000
COSTS AND EXPENSES
Cost of sales	17,660,000	18,105,000	35,766,000	34,393,000
Restaurant operating expenses	1,222,000	1,286,000	2,191,000	2,350,000
Depreciation and amortization	333,000	341,000	672,000	687,000
General and administrative expenses	2,978,000	2,693,000	6,602,000	5,801,000
Total costs and expenses	22,193,000	22,425,000	45,231,000	43,231,000
Income from operations	8,426,000	6,447,000	16,042,000	13,226,000
Interest expense	(3,709,000)		(7,418,000)
Interest income	47,000	54,000	52,000	116,000
Other income, net	25,000	27,000	51,000	48,000
Income before provision for income taxes	4,789,000	6,528,000	8,727,000	13,390,000
Provision for income taxes	1,942,000	2,674,000	3,570,000	5,465,000
Net income	$ 2,847,000	$ 3,854,000	$ 5,157,000	$ 7,925,000
Income per share:
Basic (in dollars per share)	$ 0.64	$ 0.86	$ 1.14	$ 1.77
Diluted (in dollars per share)	$ 0.64	$ 0.84	$ 1.14	$ 1.73
Weighted average shares used in computing income per share:
Basic (in shares)	4,432,000	4,472,000	4,508,000	4,472,000
Diluted (in shares)	4,449,000	4,593,000	4,535,000	4,593,000

Consolidated Statements of Comprehensive Income (Unaudited) (USD $)	3 Months Ended		6 Months Ended
	Sep. 27, 2015	Sep. 28, 2014	Sep. 27, 2015	Sep. 28, 2014
Net income	$ 2,847,000	$ 3,854,000	$ 5,157,000	$ 7,925,000
Other comprehensive loss, net of deferred income taxes:
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax		(32,000)		(64,000)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax	42,000		47,000
Other comprehensive loss	(42,000)	(32,000)	(47,000)	(64,000)
Comprehensive income	$ 2,805,000	$ 3,822,000	$ 5,110,000	$ 7,861,000

- Definition

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

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Consolidated Statement of Stockholders' (Deficit) (Unaudited) (USD $)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Treasury Stock [Member]	Total
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
Shares issued in connection with share-based compensation plans (in shares)	11,311
Shares issued in connection with share-based compensation plans		44,000				44,000
Withholding tax on net share settlement of share-based compensation plans		(59,000)				(59,000)
Repurchase of common stock (in shares)					185,198	185,198
Repurchase of common stock					(7,214,000)	(7,214,000)
Income tax benefit on stock option exercises		65,000				65,000
Share-based compensation		376,000				376,000
Reclassification adjustment for gains included in net income, net of deferred income tax benefit of $(25,000)				(47,000)		(47,000)
Net income			5,157,000			5,157,000
Balance at Sep. 27, 2015	$ 93,000	$ 60,622,000	$ (58,287,000)		$ (64,014,000)	$ (61,586,000)
Balance (in shares) at Sep. 27, 2015	9,263,408				4,832,885

Consolidated Statements of Cash Flows (Unaudited) (USD $)	6 Months Ended
	Sep. 27, 2015	Sep. 28, 2014
Cash flows from operating activities:
Net income	$ 5,157,000	$ 7,925,000
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	672,000	687,000
Amortization of bond premium	64,000	75,000
Gain on sale of marketable equity securities	(26,000)
Amortization of debt discounts and issuance costs	593,000
Share-based compensation expense	376,000	401,000
Provision for doubtful accounts	16,000	7,000
Deferred income taxes	(33,000)	5,000
Changes in operating assets and liabilities:
Accounts and other receivables, net	(901,000)	(3,470,000)
Insurance proceeds received for business interruption claim		718,000
Inventories	37,000	181,000
Prepaid expenses and other current assets	4,158,000	2,709,000
Other assets	4,000	106,000
Accounts payable, accrued expenses and other current liabilities	(1,570,000)	(1,016,000)
Deferred franchise fees	31,000	80,000
Other liabilities	(73,000)	(111,000)
Net cash provided by operating activities	8,505,000	8,297,000
Cash flows from investing activities:
Proceeds from sales and maturities of available-for-sale securities	10,868,000	4,820,000
Purchase of property and equipment	(232,000)	(349,000)
Purchase of available-for-sale securities	(3,887,000)	(921,000)
Net cash provided by investing activities	6,749,000	3,550,000
Cash flows from financing activities:
Debt issuance costs	(60,000)
Income tax benefit on stock option exercises	65,000	594,000
Proceeds from exercise of stock options	44,000	89,000
Payments of withholding tax on net share settlement of share-based compensation plans	(59,000)	(530,000)
Repurchase of treasury stock	(7,214,000)	(1,916,000)
Net cash (used in) financing activities	(7,224,000)	(1,763,000)
Net increase in cash and cash equivalents	8,030,000	10,084,000
Cash and cash equivalents, beginning of period	51,393,000	22,077,000
Cash and cash equivalents, end of period	59,423,000	32,161,000
Cash paid (refunded) during the period for:
Interest Paid	6,938,000	0
Income taxes (refunded) / paid	$ (1,023,000)	$ 2,764,000

Note A - Basis of Presentation	6 Months Ended
Note A - Basis of Presentation	Sep. 27, 2015
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	NOTE A - BASIS OF PRESENTATION The accompanying consolidated financial statements of Nathan's Famous, Inc. and subsidiaries (collectively “Nathan’s,” the “Company,” “we,” “us” or “our”) as of and for the thirteen and twenty-six week periods ended September 27, 2015 and September 28, 2014 have been prepared in accordance with accounting principles generally accepted in the United States of America. The unaudited financial statements include all adjustments (consisting of normal recurring adjustments) which, in the opinion of management, are necessary for a fair presentation of financial condition, results of operations and cash flows for the periods presented. However, our results of operations are seasonal in nature, and the results of any interim period are not necessarily indicative of results for any other interim period or the full fiscal year. Certain information and footnote disclosures normally included in financial statements in accordance with accounting principles generally accepted in the United States of America have been omitted pursuant to the requirements of the Securities and Exchange Commission. Management believes that the disclosures included in the accompanying consolidated interim financial statements and footnotes are adequate to make the information not misleading, but should be read in conjunction with the consolidated financial statements and notes thereto included in Nathan’s Annual Report on Form 10-K for the fiscal year ended March 29, 2015. A summary of the Company’s significant accounting policies is identified in Note B of the Notes to Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended March 29, 2015. There have been no changes to the Company’s significant accounting policies subsequent to March 29, 2015.

- Definition

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

+ References+ Details

Note B - Reclassifications	6 Months Ended
Note B - Reclassifications	Sep. 27, 2015
Notes to Financial Statements
Reclassifications [Text Block]	NOTE B - RECLASSIFICATIONS 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 revenues and expenses. Accordingly, interest expense, interest income and other income, net, have been removed from total revenues and total costs and expenses. Prior year balances have been reclassified to conform with the current year presentation.

Note C - Adoption of New Accounting Pronouncements	6 Months Ended
Note C - Adoption of New Accounting Pronouncements	Sep. 27, 2015
Notes to Financial Statements
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	NOTE C – 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 was effective for the Company beginning in the first quarter of fiscal 2016 and did not have a material impact on its results of operations or financial position. 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. The Company early adopted this standard beginning in the first quarter of fiscal 2016. The adoption did not have a material impact on its results of operations or financial position.

- Definition

The entire disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.

+ References

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+ Details

Note D - New Accounting Pronouncements Not Yet Adopted	6 Months Ended
Note D - New Accounting Pronouncements Not Yet Adopted	Sep. 27, 2015
Notes to Financial Statements
Description of New Accounting Pronouncements Not yet Adopted [Text Block]	NOTE D – NEW ACCOUNTING PRONOUNCEMENTS NOT YET ADOPTED In May 2014, the FASB issued a new accounting standard that attempts to establish a uniform basis for recording income 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 were originally expected to apply the new standard for annual periods beginning after December 15, 2016, including interim periods therein, which for Nathan’s would have been its first quarter of fiscal 2018, beginning on March 27, 2017. 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. On July 9, 2015, the FASB agreed to delay the standard’s effective date to annual reporting periods beginning after December 15, 2017 which will now be our first quarter (June 2018) of our fiscal year ending March 31, 2019. The Company 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 July 2015, the FASB updated U.S. GAAP to simplify the ways businesses measure inventory. Companies that use the first-in, first-out (FIFO) method or the average cost method will measure inventory at the lower of its cost or net realizable value. Net realizable value is the estimated selling price in the normal course of business, minus the cost of completion, disposal, and transportation. Companies will no longer consider replacement cost or net realizable value less a normal profit margin when measuring inventory. This new standard is effective for annual reporting periods beginning after December 15, 2016 which will be our first quarter (June 2017) of our fiscal year ending March 25, 2018. Nathan’s does not expect the adoption of this new guidance to have a material impact on its results of operations or financial position. On October 5, 2015, the FASB voted to ratify a proposed Accounting Standards Update requiring deferred tax assets and liabilities be presented as noncurrent in a classified balance sheet. This accounting principle change will be effective in calendar year 2017 for public entities with calendar year reporting periods. However, early adoption is permitted for any interim or annual period. Public entities are required to apply the new guidance in the annual reporting period beginning after December 15, 2016, including interim reporting periods within those annual reporting periods. This standard is required to take effect in Nathan’s first quarter (June 2017) of our fiscal year ending March 25, 2018. However, early adoption is permitted as of the beginning of any interim or annual reporting period. Nathan’s may apply the amendment prospectively or retrospectively to all periods presented. In case of a prospective application, Nathan’s would disclose in the first interim and annual period of change (i) the nature of and reason for the change in accounting principle, and (ii) a statement that prior periods were not adjusted. If the amendment is applied retrospectively, Nathan’s would have to disclose in the first interim and annual period of change (i) the nature of and reason for the change in accounting principle, and (ii) quantitative information about the effects of the accounting change on prior periods. Nathan’s is currently evaluating this new accounting standard but does not expect that it will have a significant impact on Nathan’s financial position or results of operations. 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 E - Income Per Share

6 Months Ended

Sep. 27, 2015

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE E – INCOME PER SHARE

Basic income per common share is calculated by dividing income by the weighted-average number of common shares outstanding and excludes any dilutive effect of stock options. Diluted income per common share gives effect to all potentially dilutive common shares that were outstanding during the period. Dilutive common shares used in the computation of diluted income per common share result from the assumed exercise of stock options and warrants, as determined using the treasury stock method.

The following chart provides a reconciliation of information used in calculating the per-share amounts for the thirteen and twenty-six week periods ended September 27, 2015 and September 28, 2014, respectively.

Thirteen weeks

	Net Income				Number of Shares				Net Income Per Share
	2015		2014		2015		2014		2015		2014
	(in thousands)				(in thousands)
Basic EPS
Basic calculation	$	2,847	$	3,854		4,432		4,472	$	0.64	$	0.86
Effect of dilutive employee stock options		-		-		17		121		-		(0.02	)
Diluted EPS
Diluted calculation	$	2,847	$	3,854		4,449		4,593	$	0.64	$	0.84

Twenty-six

weeks

	Net Income				Number of Shares				Net Income Per Share
	201 5		2014		201 5		2014		201 5		2014
	(in thousands)				(in thousands)
Basic EPS
Basic calculation	$	5,157	$	7,925		4,508		4,472	$	1.14	$	1.77
Effect of dilutive employee stock options		-		-		27		121		-		(0.04	)
Diluted EPS
Diluted calculation	$	5,157	$	7,925		4,535		4,593	$	1.14	$	1.73

Options to purchase 75,745 shares of common stock in the twenty-six week period ended September 27, 2015 were not included in the computation of diluted EPS because the exercise price exceeded the average market price of common shares during the period.

- Definition

The entire disclosure for earnings per share.

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Note F - Fair Value Measurements

6 Months Ended

Sep. 27, 2015

Notes to Financial Statements

Fair Value Disclosures [Text Block]

NOTE F – FAIR VALUE MEASUREMENTS

Nathan’s follows a three-level fair value hierarchy that prioritizes the inputs to measure fair value. This hierarchy requires entities to maximize the use of “observable inputs” and minimize the use of “unobservable inputs.” The valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability on the measurement date. The three levels are defined as follows:

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

● Level 2 - inputs to the valuation methodology include quoted prices for a similar asset or liability in an active market 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

At September 27, 2015, we did not have any marketable securities that were valued at fair value.

The following table presents assets measured at fair value on a recurring basis as of March 29, 2015 based upon the valuation hierarchy (in thousands):

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

Nathan’s marketable securities at March 29, 2015 consisted primarily of municipal bonds that were 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 $135,000,000 as of September 27, 2015 and a fair value of $141,750,000 as of September 27, 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.

Certain non-financial assets and liabilities are measured at fair value on a non-recurring basis; that is, the assets and liabilities are not measured at fair value on an ongoing basis, but are subject to fair value adjustments in certain circumstances, such as when evidence of impairment exists. At September 27, 2015, no fair value adjustment or material fair value measurements were required for non-financial assets or liabilities.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

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Note G - Marketable Securities

6 Months Ended

Sep. 27, 2015

Notes to Financial Statements

Marketable Securities Disclosure [Text Block]

NOTE G – 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. As of September 27, 2015, the Company had sold all of its marketable securities that had been invested in municipal bonds and the proceeds are included in cash and cash equivalents. At March 29, 2015, all marketable securities held by the Company were classified as available-for-sale and, as a result, were stated at fair value (Note F), with unrealized gains and losses included as a component of accumulated other comprehensive income. Realized gains and losses on the sale of securities are determined on a specific identification basis. Interest income is recorded when it is earned and deemed realizable by the Company.

The cost, gross unrealized gains, gross unrealized losses and fair market value for marketable securities, which consist entirely of municipal bonds that are classified as available-for-sale securities, are as follows (in thousands):

	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Market Value

September 27, 2015	$	-	$	-	$	-	$	-

March 29, 2015	$	7,019	$	72	$	-	$	7,091

As a result of the sale of all of the marketable securities, all prior unrealized gains have been realized and are included in net income and reclassified in determining other comprehensive income for the thirteen and twenty-six week periods ended September 27, 2015. The reclassification of unrealized gains for the thirteen and twenty-six week periods were $42,000 and $47,000, respectively, which were net of taxes of $22,000 and $25,000, respectively. The change in net unrealized losses on available-for-sale securities for the thirteen and twenty-six week periods ended September 28, 2014 of $32,000 and $64,000, respectively, which were net of deferred income tax benefit of $22,000 and $44,000, respectively, were included as a component of comprehensive income. As of March 29, 2015, accumulated other comprehensive income was comprised entirely of the net unrealized gains on available-for-sale securities.

Note H - Accounts and Other Receivables, Net

6 Months Ended

Sep. 27, 2015

Notes to Financial Statements

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

NOTE H – ACCOUNTS AND OTHER RECEIVABLES, NET

Accounts and other receivables, net, consist of the following (in thousands):

	September 27 , 2015		March 29, 2015

Branded product sales	$	6,432	$	6,317
Franchise and license royalties		2,669		2,570
Other		1,730		1,055
		10,831		9,942

Less: allowance for doubtful accounts		447		443
Accounts and other receivables, net	$	10,384	$	9,499

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 that are 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. After the Company has used reasonable collection efforts it writes off accounts receivable through a charge to the allowance for doubtful accounts.

Changes in the Company’s allowance for doubtful accounts for the twenty-six week period ended September 27, 2015 and the fiscal year ended March 29, 2015 are as follows (in thousands):

	September 27 , 2015			March 29, 2015

Beginning balance	$	443		$	433
Bad debt expense		16			23
Accounts written off		(12	)		(13	)
Ending balance	$	447		$	443

- 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.

+ References+ Details

Note J - Accrued Expenses, Other Current Liabilities and Other Liabilities

6 Months Ended

Sep. 27, 2015

Notes to Financial Statements

Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]

NOTE J – ACCRUED EXPENSES, OTHER CURRENT LIABILITIES AND OTHER LIABILITIES

Accrued expenses and other current liabilities consist of the following (in thousands):

	September 27 , 2015		March 29, 2015

Payroll and other benefits	$	1,691	$	2,847
Income taxes		1,158		17
Accrued rebates		838		815
Rent and occupancy costs		239		206
Deferred revenue		190		601
Construction costs		180		269
Interest		638		750
Professional fees		41		329
Dividend payable		375		375
Other		215		203
	$	5,565	$	6,412

Other liabilities consist of the following (in thousands):

	September 27,		March 29,
	2015		2015
Deferred development fees	$	293	$	214
Reserve for uncertain tax positions		584		555
Deferred rental liability		939		991
Dividend payable		500		625
Other		8		12
	$	2,324	$	2,397

Note L - Income Taxes	6 Months Ended
Note L - Income Taxes	Sep. 27, 2015
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE L – INCOME TAXES The income tax provisions for the twenty-six week periods ended September 27, 2015 and September 28, 2014 reflect effective tax rates of 40.9% and 40.8%, respectively, which have been reduced from statutory rates by 0.1% and 0.4%, respectively, for the differing effects of tax exempt interest income. The amount of unrecognized tax benefits at September 27, 2015 was $285,000, all of which would impact Nathan’s effective tax rate, if recognized. As of September 27, 2015, Nathan’s had $308,000 of accrued interest and penalties in connection with unrecognized tax benefits. During the fiscal year ending March 27, 2016, Nathan’s will seek to settle additional uncertain tax positions with the tax authorities. As a result, it is reasonably possible the amount of unrecognized tax benefits, excluding the related accrued interest and penalties, could be reduced by up to $98,000, which would favorably impact Nathan’s effective tax rate, although no assurances can be given in this regard. Nathan’s estimates that its annual tax rate for the fiscal year ending March 27, 2016 will be in the range of approximately 40.5% to 41.9%, excluding the potential impact of any reduction to the Company’s unrecognized tax benefits. The final annual tax rate is subject to many variables, including the effect of tax-exempt interest earned, among other factors, and therefore cannot be determined until the end of the fiscal year; therefore, the actual tax rate could differ from our current estimates. In June 2015, Nathan’s received notification from the New York State Department of Taxation and Finance that it is seeking to review Nathan’s tax returns for the period April 1, 2011 through March 31, 2014.

- 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.

+ References+ Details

Note M - Share-based Compensation

6 Months Ended

Sep. 27, 2015

Notes to Financial Statements

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

NOTE M – SHARE-BASED COMPENSATION

Total share-based compensation during the thirteen-week periods ended September 27, 2015 and September 28, 2014 was $173,000 and $210,000, respectively. Total share-based compensation during the twenty-six week periods ended September 27, 2015 and September 28, 2014 was $376,000 and $401,000, respectively. Total share-based compensation is included in general and administrative expense in our accompanying Consolidated Statements of Earnings. As of September 27, 2015, there was $1,426,000 of unamortized compensation expense related to share-based incentive awards. We expect to recognize this expense over approximately two years and five months, which represents the weighted average remaining requisite service periods for such awards.

There were no new share-based awards granted during the twenty-six week period ended September 27, 2015.

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 (in thousands):

	Thirteen weeks ended				Twenty-six weeks ended
	September 27, 2015		September 28, 2014		September 27, 2015		September 28, 2014

Stock options	$	38	$	75	$	106	$	131
Restricted stock		135		135		270		270
Total compensation cost	$	173	$	210	$	376	$	401

Stock options outstanding:

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 ex-dividend date for the special cash dividend was March 30, 2015, which was paid on March 27, 2015, to stockholders of record as of March 20, 2015. Pursuant to the anti-dilution provisions of the Company’s 2010 Stock Incentive Plan, as awarded, the Company issued replacement options to purchase 75,745 shares at an exercise price of $35.576 for the unvested stock options to purchase 50,000 shares 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.

Transactions with respect to stock options for the twenty-six weeks ended September 27, 2015 are as follows:

	Shares			Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Life		Aggregate Intrinsic Value (in thousands)


Options outstanding at the beginning of the fiscal year (A)		142,964		$	24.36		2.87	$	3,460

Granted		-			-		-		-

Expired		(3,787	)	$	11.72		-		-

Exercised		(9,467	)	$	11.72		-		261

Options outstanding at September 27, 2015		129,710		$	25.65		2.54	$	1,843

Options exercisable at September 27, 2015		72,901		$	17.92		1.51	$	1,600

A-

Represents outstanding options after giving effect to the replacement options issued in connection with the Company’s special dividend.

Restricted stock:

Transactions with respect to restricted stock for the twenty-six weeks ended September 27, 2015 are as follows:

	Shares			Weighted- Average Grant-date Fair value Per share
Unvested restricted stock at March 29, 2015		40,000		$	39.54

Granted		-			-
Vested		(5,000	)	$	49.80

Unvested restricted stock at September 27, 2015		35,000		$	38.07

- 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 N - Stockholders' Equity	6 Months Ended
Note N - Stockholders' Equity	Sep. 27, 2015
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	NOTE N – STOCKHOLDERS’ EQUITY 1. Dividend On March 10, 2015, the Company’s Board of Directors declared a special cash dividend of $25.00 per share payable to stockholders of record as of March 20, 2015. On March 27, 2015, the Company paid a cash dividend of approximately $115,100,000 to the stockholders of our outstanding common stock. The Company also accrued $1,000,000 for the expected dividends payable on unvested shares pursuant to the terms of the restricted stock agreements. As restricted stock grants vest, the declared dividend will be paid. We have paid $125,000 of the accrued dividend and estimate that approximately $250,000 will also be paid during the remainder of the 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. 2 . 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”). 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. Upon such an 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 initially 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 September 27, 2015, the Company has reserved 12,089,641 shares of common stock for issuance upon exercise of the Common Stock Purchase Rights approved by the Board of Directors on June 5, 2013. 3. Stock Repurchase Programs During the period from October 2001 through September 27, 2015, Nathan’s purchased a total of 4,832,885 shares of its common stock at a cost of approximately $64,014,000 pursuant to various stock repurchase plans previously authorized by the Board of Directors. During the twenty-six week period ended September 27, 2015, we repurchased 185,198 shares of common stock at a cost of $7,214,000. On September 18, 2015, the Company’s Board of Directors authorized the commencement of a modified Dutch Auction tender offer to repurchase up to 500,000 shares of its common stock at a price of not less than $33.00 nor greater than $36.00 per share. Pursuant to the terms of the modified Dutch Auction tender offer, Nathan’s has reserved the right to purchase an additional 88,610 shares (up to 2% of the outstanding shares of its common stock). The modified Dutch Auction tender offer was scheduled to expire on October 16, 2015. On October 14, 2015, the Pricing Committee authorized an extension of the modified Dutch Auction tender offer under the same terms and conditions until 5PM EST on November 16, 2015. The results of the modified Dutch Auction tender offer will be reflected in the consolidated financial statements during the thirteen weeks ended December 27, 2015. On September 11, 2014, the Company and Mutual Securities, Inc. (“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 $6,000,000, 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. As of September 27, 2015, all purchases pursuant to the 10b5-1 plan have been completed. As of September 27, 2015, an aggregate of 66,074 shares can still be purchased under Nathan’s existing stock buy-back program. Purchases may be made from time to time, depending on market conditions, in open market or privately-negotiated transactions, at prices deemed appropriate by management. There is no set time limit on the repurchases to be made under these stock-repurchase plans.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

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-Number Topic 4

-Section C

Reference 2: http://www.xbrl.org/2003/role/presentationRef

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-Section E

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-Paragraph 1

-Subparagraph (SX 210.4-08.(d),(e))

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+ Details

Note O - Long-term Debt

6 Months Ended

Sep. 27, 2015

Notes to Financial Statements

Debt Disclosure [Text Block]

NOTE O – LONG-TERM DEBT

Long-term debt consists of the following (in thousands):

	September 27 ,			March 29,
	2015			2015

10.000% Senior secured notes due 2020	$	135,000		$	135,000
Less: unamortized debt discounts and issuance costs		(5,327	)		(5,860	)
	$	129,673		$	129,140

On March 10, 2015, the Company completed the issuance of $135,000,000 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 $116,100,000 (see Note N) 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 $5,327,000 which will be amortized into interest expense over the remaining 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

of $6,937,500 paid 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.

As of September 27, 2015, Nathan’s was in compliance with all 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 the following financial ratios:

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 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.

The Notes are general senior secured obligations, are fully and unconditionally guaranteed by 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. Pursuant to the terms of a collateral trust agreement, the liens securing the Notes and the guarantees will be contractually subordinated to the liens securing any future credit facility.

The Notes and the guarantees will be the Company and the guarantors’ senior secured obligations and will rank:

●

senior in right of payment to all of the Company and the guarantors’ future subordinated indebtedness;

●

effectively senior to all unsecured senior indebtedness to the extent of the value of the collateral securing the Notes and the guarantees;

●

pari passu

with all of the Company and the guarantors’ other senior indebtedness;

●

effectively junior to any future credit facility to the extent of the value of the collateral securing any future credit facility and the Notes and the guarantees and certain other assets;

●

effectively junior to any of the Company and the guarantors’ existing and future indebtedness that is secured by assets other than the collateral securing the Notes and the guarantees to the extent of the value of any such assets; and

●

structurally subordinated to the indebtedness of any of the Company’s current and future subsidiaries that do not guarantee 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:

	PERCENTAGE
YEAR
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 or 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.

Note P - Commitments and Contingencies	6 Months Ended
Note P - Commitments and Contingencies	Sep. 27, 2015
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	NOTE P – COMMITMENTS AND CONTINGENCIES 1. Contingencies The Company and its subsidiaries are from time to time involved in ordinary and routine litigation. Management presently believes that the ultimate outcome of these proceedings, individually or in the aggregate, will not have a material adverse effect on the Company’s financial position, cash flows or results of operations. Nevertheless, litigation is subject to inherent uncertainties and unfavorable rulings could occur. An unfavorable ruling could include money damages and, in such event, could result in a material adverse impact on the Company’s results of operations for the period in which the ruling occurs.

- Definition

The entire disclosure for commitments and contingencies.

+ References+ Details

Note E - Income Per Share (Tables)

6 Months Ended

Sep. 27, 2015

Notes Tables

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

	Net Income				Number of Shares				Net Income Per Share
	2015		2014		2015		2014		2015		2014
	(in thousands)				(in thousands)
Basic EPS
Basic calculation	$	2,847	$	3,854		4,432		4,472	$	0.64	$	0.86
Effect of dilutive employee stock options		-		-		17		121		-		(0.02	)
Diluted EPS
Diluted calculation	$	2,847	$	3,854		4,449		4,593	$	0.64	$	0.84

	Net Income				Number of Shares				Net Income Per Share
	201 5		2014		201 5		2014		201 5		2014
	(in thousands)				(in thousands)
Basic EPS
Basic calculation	$	5,157	$	7,925		4,508		4,472	$	1.14	$	1.77
Effect of dilutive employee stock options		-		-		27		121		-		(0.04	)
Diluted EPS
Diluted calculation	$	5,157	$	7,925		4,535		4,593	$	1.14	$	1.73

Note F - Fair Value Measurements (Tables)

6 Months Ended

Sep. 27, 2015

Notes Tables

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [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

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

6 Months Ended

Sep. 27, 2015

Notes Tables

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

	September 27 , 2015		March 29, 2015

Branded product sales	$	6,432	$	6,317
Franchise and license royalties		2,669		2,570
Other		1,730		1,055
		10,831		9,942

Less: allowance for doubtful accounts		447		443
Accounts and other receivables, net	$	10,384	$	9,499

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

	September 27 , 2015			March 29, 2015

Beginning balance	$	443		$	433
Bad debt expense		16			23
Accounts written off		(12	)		(13	)
Ending balance	$	447		$	443

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

6 Months Ended

Sep. 27, 2015

Notes Tables

Schedule of Accrued Liabilities [Table Text Block]

	September 27 , 2015		March 29, 2015

Payroll and other benefits	$	1,691	$	2,847
Income taxes		1,158		17
Accrued rebates		838		815
Rent and occupancy costs		239		206
Deferred revenue		190		601
Construction costs		180		269
Interest		638		750
Professional fees		41		329
Dividend payable		375		375
Other		215		203
	$	5,565	$	6,412

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

	September 27,		March 29,
	2015		2015
Deferred development fees	$	293	$	214
Reserve for uncertain tax positions		584		555
Deferred rental liability		939		991
Dividend payable		500		625
Other		8		12
	$	2,324	$	2,397

Note M - Share-based Compensation (Tables)

6 Months Ended

Sep. 27, 2015

Notes Tables

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

	Thirteen weeks ended				Twenty-six weeks ended
	September 27, 2015		September 28, 2014		September 27, 2015		September 28, 2014

Stock options	$	38	$	75	$	106	$	131
Restricted stock		135		135		270		270
Total compensation cost	$	173	$	210	$	376	$	401

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

	Shares			Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Life		Aggregate Intrinsic Value (in thousands)


Options outstanding at the beginning of the fiscal year (A)		142,964		$	24.36		2.87	$	3,460

Granted		-			-		-		-

Expired		(3,787	)	$	11.72		-		-

Exercised		(9,467	)	$	11.72		-		261

Options outstanding at September 27, 2015		129,710		$	25.65		2.54	$	1,843

Options exercisable at September 27, 2015		72,901		$	17.92		1.51	$	1,600

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

	Shares			Weighted- Average Grant-date Fair value Per share
Unvested restricted stock at March 29, 2015		40,000		$	39.54

Granted		-			-
Vested		(5,000	)	$	49.80

Unvested restricted stock at September 27, 2015		35,000		$	38.07

Note O - Long-term Debt (Tables)

6 Months Ended

Sep. 27, 2015

Notes Tables

Schedule of Debt [Table Text Block]

	September 27 ,			March 29,
	2015			2015

10.000% Senior secured notes due 2020	$	135,000		$	135,000
Less: unamortized debt discounts and issuance costs		(5,327	)		(5,860	)
	$	129,673		$	129,140

Debt Instrument Redemption [Table Text Block]

	PERCENTAGE
YEAR
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 or after March 15, 2019		100.000	%

Note E - Income Per Share (Details Textual)	6 Months Ended
Note E - Income Per Share (Details Textual)	Sep. 27, 2015
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	75,745

- Definition

Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented.

+ References+ Details

Note E - Income Per Share - Table of Earnings Per Share Reconciliation (Details) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Sep. 27, 2015	Sep. 28, 2014	Sep. 27, 2015	Sep. 28, 2014
Basic EPS
Basic calculation	$ 2,847	$ 3,854	$ 5,157	$ 7,925
Basic calculation (in shares)	4,432,000	4,472,000	4,508,000	4,472,000
Basic calculation (in dollars per share)	$ 0.64	$ 0.86	$ 1.14	$ 1.77
Effect of dilutive employee stock options (in shares)	17,000	121,000	27,000	121,000
Effect of dilutive employee stock options (in dollars per share)		$ (0.02)		$ (0.04)
Diluted EPS
Diluted calculation	2,847	3,854	5,157	7,925
Diluted calculation (in shares)	4,449,000	4,593,000	4,535,000	4,593,000
Diluted calculation (in dollars per share)	$ 0.64	$ 0.84	$ 1.14	$ 1.73
Basic calculation	$ 2,847	$ 3,854	$ 5,157	$ 7,925
Basic calculation (in shares)	4,432,000	4,472,000	4,508,000	4,472,000
Basic calculation (in dollars per share)	$ 0.64	$ 0.86	$ 1.14	$ 1.77
Effect of dilutive employee stock options (in shares)	17,000	121,000	27,000	121,000
Effect of dilutive employee stock options (in dollars per share)		$ (0.02)		$ (0.04)

Note F - Fair Value Measurements (Details Textual) (USD $)	Sep. 27, 2015	Mar. 29, 2015
Long-term Debt, Gross	$ 135,000,000	$ 135,000,000
Long-term Debt, Fair Value	$ 141,750,000

Note G - Marketable Securities (Details Textual) (USD $)	3 Months Ended		6 Months Ended
	Sep. 27, 2015	Sep. 28, 2014	Sep. 27, 2015	Sep. 28, 2014
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax	$ 42,000		$ 47,000
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Tax	22,000		25,000
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax		(32,000)		(64,000)
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Tax		$ (22,000)		$ (44,000)

Note G - Marketable Securities - Marketable Securities (Details) (USD $) In Thousands, unless otherwise specified	Sep. 27, 2015	Mar. 29, 2015
Cost		$ 7,019
Gross Unrealized Gains		72
Fair Market Value		$ 7,091

Note H - Accounts and Other Receivables, Net - Accounts and Other Receivables, Net (Details) (USD $) In Thousands, unless otherwise specified	Sep. 27, 2015	Mar. 29, 2015
Accounts Receivable, Gross, Current	$ 10,831	$ 9,942
Less: allowance for doubtful accounts	447	443
Accounts and other receivables, net	10,384	9,499
Branded Product Sales [Member]
Accounts Receivable, Gross, Current	6,432	6,317
Franchise and License Royalties [Member]
Accounts Receivable, Gross, Current	2,669	2,570
Other Receivables [Member]
Accounts Receivable, Gross, Current	$ 1,730	$ 1,055

Note H - Accounts and Other Receivables, Net - Changes in Allowance for Doubtful Accounts (Details) (USD $) In Thousands, unless otherwise specified	6 Months Ended	12 Months Ended
	Sep. 27, 2015	Mar. 29, 2015
Beginning balance	$ 443	$ 433
Bad debt expense	16	23
Accounts written off	(12)	(13)
Ending balance	$ 447	$ 443

Note I - Prepaid Expenses and Other Current Assets - Prepaid Expenses and Other Current Assets (Details) (USD $) In Thousands, unless otherwise specified	Sep. 27, 2015	Mar. 29, 2015
Income taxes		$ 3,525
Insurance	88	497
Other	286	510
	$ 374	$ 4,532

- 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 J - Accrued Expenses, Other Current Liabilities and Other Liabilities - Accrued Expenses and Other Current Liabilities (Details) (USD $) In Thousands, unless otherwise specified	Sep. 27, 2015	Mar. 29, 2015
Payroll and other benefits	$ 1,691	$ 2,847
Income taxes	1,158	17
Accrued rebates	838	815
Rent and occupancy costs	239	206
Construction costs	180	269
Interest	638	750
Professional fees	41	329
Dividend payable	375	375
Other	215	203
	5,565	6,412
Deferred Franchise Fees And Other Deferred Revenue [Member]
Deferred revenue	$ 190	$ 601

Note J - Accrued Expenses, Other Current Liabilities and Other Liabilities - Other Liabilities (Details) (USD $) In Thousands, unless otherwise specified	Sep. 27, 2015	Mar. 29, 2015
Deferred development fees	$ 293	$ 214
Reserve for uncertain tax positions	584	555
Deferred rental liability	939	991
Dividend payable	500	625
Other	8	12
	$ 2,324	$ 2,397

Note L - Income Taxes (Details Textual) (USD $)	6 Months Ended		12 Months Ended
Note L - Income Taxes (Details Textual) (USD $)	Sep. 27, 2015	Sep. 28, 2014	Mar. 27, 2016 Scenario, Forecast [Member] Minimum [Member]	Mar. 27, 2016 Scenario, Forecast [Member] Maximum [Member]
Effective Income Tax Rate Reconciliation, Percent	40.90%	40.80%
Effective Income Tax Rate Reconciliation, Tax Exempt Income, Percent	(0.10%)	(0.40%)
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	$ 285,000
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense	308,000
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Amount of Unrecorded Benefit	$ (98,000)
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent			40.50%	41.90%

Note M - Share-based Compensation (Details Textual) (USD $)	0 Months Ended	3 Months Ended		6 Months Ended			12 Months Ended			0 Months Ended
	Mar. 30, 2015	Sep. 27, 2015	Sep. 28, 2014	Sep. 27, 2015	Sep. 27, 2014	Sep. 28, 2014	Mar. 29, 2015	Mar. 27, 2015	Mar. 27, 2015 Excluding Dividend [Member]	Mar. 27, 2015 Special Cash Dividend [Member]	Mar. 10, 2015 Special Cash Dividend [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	75,745			0			50,000
Allocated Share-based Compensation Expense		$ 173,000	$ 210,000	$ 376,000	$ 401,000	$ 401,000
Share Based Compensation Total Unamortized Compensation Expense		$ 1,426,000		$ 1,426,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition				2 years 152 days
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	$ 35.576						$ 53.89
Share Based Compensation Arrangement by Share Based Payment Award Option Life							5 years
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period							4 years
Share Price								$ 73.56	$ 48.56
Common Stock, Dividends, Per Share, Declared										$ 25	$ 25

Note M - Share-based Compensation - Compensation Cost Charged to Expense under All Stock-based Incentive Awards (Details) (USD $)	3 Months Ended		6 Months Ended
	Sep. 27, 2015	Sep. 28, 2014	Sep. 27, 2015	Sep. 28, 2014
Allocated Share-based Compensation Expense	$ 173,000	$ 210,000	$ 376,000	$ 401,000
Employee Stock Option [Member]
Allocated Share-based Compensation Expense	38,000	75,000	106,000	131,000
Restricted Stock [Member]
Allocated Share-based Compensation Expense	$ 135,000	$ 135,000	$ 270,000	$ 270,000

Note M - Share-based Compensation - A Summary of the Status of the Company's Stock Options (Details) (USD $)
In Thousands, except Share data, unless otherwise specified

6 Months Ended

12 Months Ended

Sep. 27, 2015

Mar. 29, 2015

Shares (in shares)

129,710

142,964

^[1]

Weighted- Average Exercise Price (in dollars per share)

$ 25.65

$ 24.36

^[1]

Weighted- Average Remaining Contractual Life

2 years 197 days

2 years 317 days

^[1]

Aggregate Intrinsic Value

$ 1,843

$ 3,460

^[1]

Shares (in shares)

(3,787)

Weighted- Average Exercise Price (in dollars per share)

$ 11.72

Shares (in shares)

(9,467)

Weighted- Average Exercise Price (in dollars per share)

$ 11.72

Aggregate Intrinsic Value

261

Shares (in shares)

72,901

Weighted- Average Exercise Price (in dollars per share)

$ 17.92

Weighted- Average Remaining Contractual Life

1 year 186 days

Aggregate Intrinsic Value

$ 1,600

[1]	Represents outstanding options after giving effect to the replacement options issued in connection with the Company's special dividend.

Note M - Share-based Compensation - Transactions with Respect to Restricted Stock (Details) (USD $)	6 Months Ended
	Sep. 27, 2015
Unvested restricted stock at March 29, 2015 (in shares)	40,000
Unvested restricted stock at March 29, 2015 (in dollars per share)	$ 39.54
Vested (in shares)	(5,000)
Vested (in dollars per share)	$ 49.80
Unvested restricted stock at September 27, 2015 (in shares)	35,000
Unvested restricted stock at September 27, 2015 (in dollars per share)	$ 38.07

Note N - Stockholders' Equity (Details Textual) (USD $)	0 Months Ended	6 Months Ended	168 Months Ended					6 Months Ended	0 Months Ended		6 Months Ended
Note N - Stockholders' Equity (Details Textual) (USD $)	Mar. 10, 2015	Sep. 27, 2015	Sep. 27, 2015	Mar. 29, 2015	Mar. 27, 2015	Sep. 11, 2014	Jun. 05, 2013	Mar. 27, 2016 Special Cash Dividend [Member] Scenario, Forecast [Member]	Mar. 27, 2015 Special Cash Dividend [Member]	Mar. 10, 2015 Special Cash Dividend [Member]	Sep. 27, 2015 Special Cash Dividend [Member]	Mar. 27, 2015 Special Cash Dividend [Member]	Sep. 18, 2015 Dutch Auction Tender Offer [Member] Minimum [Member]	Sep. 18, 2015 Dutch Auction Tender Offer [Member] Maximum [Member]	Sep. 18, 2015 Dutch Auction Tender Offer [Member]
Common Stock, Dividends, Per Share, Declared									$ 25	$ 25
Payments of Ordinary Dividends, Common Stock	$ 116,100,000							$ 250,000	$ 115,100,000		$ 125,000
Dividends Payable												1,000,000
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		12,089,641	12,089,641				10,188,600
Treasury Stock, Shares, Acquired		185,198	4,832,885
Treasury Stock, Value, Acquired, Cost Method		7,214,000	64,014,000
Stock Repurchase Program, Number of Shares Authorized to be Repurchased															500,000
Share Price					$ 73.56								$ 33	$ 36
Stock Repurchase Program, Additional Number of Shares that can Be Repurchased															88,610
Stock Repurchase Program, Percentage of Outstanding Stock that can Be Repurchased															2.00%
Common Stock, Par or Stated Value Per Share		$ 0.01	$ 0.01	$ 0.01		$ 0.01
Stock Repurchase Program, Authorized Amount						$ 6,000,000
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased		66,074	66,074

Note O - Long-term Debt (Details Textual) (USD $)	0 Months Ended	6 Months Ended			0 Months Ended			0 Months Ended
Note O - Long-term Debt (Details Textual) (USD $)	Mar. 10, 2015	Sep. 27, 2015	Sep. 28, 2014	Mar. 29, 2015	Mar. 10, 2015 Secured Debt [Member] Option to Redeem at Redemption Price Equal to Percentage of Principal Amount [Member] Maximum [Member]	Mar. 10, 2015 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]	Mar. 10, 2015 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]	Mar. 10, 2015 Secured Debt [Member] Option to Redeem Notes at Redemption Price Equal to the Percentage of Principal Amount plus the Applicable Premium [Member]	Mar. 10, 2015 Secured Debt [Member] In the Event of Chang of Control Offer [Member]	Mar. 10, 2015 Secured Debt [Member] In the Event the Company Sells Certain Assets and Fails to Use the Proceeds as Required [Member]	Sep. 15, 2015 Secured Debt [Member]	Mar. 10, 2015 Secured Debt [Member]	Mar. 10, 2015 Secured Debt [Member]
Debt Instrument, Face Amount													$ 135,000,000
Debt Instrument, Interest Rate, Stated Percentage		10.00%		10.00%									10.00%
Payments of Ordinary Dividends, Common Stock	116,100,000
Debt Issuance Cost												5,327,000
Debt Instrument, Term													5 years
Interest Paid		$ 6,938,000	$ 0								$ 6,937,500
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 of Principal Amount Redeemed					35.00%
Debt Instrument, Redemption Price, Percentage								100.00%	101.00%	100.00%			110.00%
Debt Instrument, Applicable Premium, Percentage of Principal Amount						1.00%
Debt Instrument, Applicable Premium, Treasury Rate Basis Spread							0.50%

Note O - Long-term Debt - Summary of Debt (Details) (USD $)	Sep. 27, 2015	Mar. 29, 2015
10.000% Senior secured notes due 2020	$ 135,000,000	$ 135,000,000
Less: unamortized debt discounts and issuance costs	(5,327,000)	(5,860,000)
	$ 129,673,000	$ 129,140,000

Consolidated Statement of Stockholders' (Deficit) (Unaudited) (Parentheticals) (USD $)	6 Months Ended
	Sep. 27, 2015 AOCI Attributable to Parent [Member]
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Tax	$ (25,000)

Note F - Fair Value Measurements - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) (USD $) In Thousands, unless otherwise specified	Sep. 27, 2015
Fair Market Value
Fair Value, Inputs, Level 2 [Member]
Fair Market Value	$ 7,091

Note O - Long-term Debt - Summary of Redemption Features (Details)	6 Months Ended
	Sep. 27, 2015
Debt Instrument, Redemption, Period One [Member]
Debt Instrument, Redemption Price, Percentage	105.00%
Debt Instrument, Redemption, Period Two [Member]
Debt Instrument, Redemption Price, Percentage	102.50%
Debt Instrument, Redemption, Period Three [Member]
Debt Instrument, Redemption Price, Percentage	100.00%