2022 Q3 Form 10-Q Financial Statement

#000117494722000961 Filed on August 16, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2021 Q4 2021 Q3
Revenue $40.68M $33.64M $37.94M
YoY Change 7.22% 19.08%
Cost Of Revenue $17.50M $14.94M $15.88M
YoY Change 10.24% 21.59%
Gross Profit $23.18M $18.69M $22.06M
YoY Change 5.05% 17.15%
Gross Profit Margin 56.98% 55.57% 58.15%
Selling, General & Admin $6.517M $16.71M $5.252M
YoY Change 24.09% 10.98%
% of Gross Profit 28.12% 89.42% 23.81%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $788.0K $757.0K $770.0K
YoY Change 2.34% -5.26%
% of Gross Profit 3.4% 4.05% 3.49%
Operating Expenses $6.517M $16.71M $5.252M
YoY Change 24.09% 10.98%
Operating Profit $2.083M $1.978M $2.609M
YoY Change -20.16% 121.01%
Interest Expense $177.0K -$188.0K $210.0K
YoY Change -15.71% -16.81%
% of Operating Profit 8.5% -9.5% 8.05%
Other Income/Expense, Net -$97.00K $6.287M
YoY Change -101.54%
Pretax Income $1.986M $1.801M $8.896M
YoY Change -77.68% 169.21%
Income Tax $22.00K $182.0K $475.0K
% Of Pretax Income 1.11% 10.11% 5.34%
Net Earnings $1.835M $1.354M $7.199M
YoY Change -74.51% 220.09%
Net Earnings / Revenue 4.51% 4.03% 18.98%
Basic Earnings Per Share $0.99 $0.73 $3.87
Diluted Earnings Per Share $0.99 $728.5K $3.87
COMMON SHARES
Basic Shares Outstanding 1.859M shares 1.859M shares 1.859M shares
Diluted Shares Outstanding 1.859M shares 1.859M shares

Balance Sheet

Concept 2022 Q3 2021 Q4 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $35.66M $32.68M $31.95M
YoY Change 11.6% 9.2%
Cash & Equivalents $35.66M $32.68M $31.95M
Short-Term Investments
Other Short-Term Assets $3.704M $2.381M $3.022M
YoY Change 22.57% 4.38%
Inventory $5.525M $4.283M $4.409M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $45.32M $39.79M $39.77M
YoY Change 13.96% 8.99%
LONG-TERM ASSETS
Property, Plant & Equipment $61.66M $56.89M $54.11M
YoY Change 13.94% 21.08%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $310.0K $1.122M $1.103M
YoY Change -71.89% 80.68%
Other Assets $2.001M $1.645M $1.729M
YoY Change 15.73% 467.24%
Total Long-Term Assets $94.09M $88.21M $83.48M
YoY Change 12.72% 16.11%
TOTAL ASSETS
Total Short-Term Assets $45.32M $39.79M $39.77M
Total Long-Term Assets $94.09M $88.21M $83.48M
Total Assets $139.4M $128.0M $123.2M
YoY Change 13.12% 13.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.295M $4.478M $4.714M
YoY Change 12.32% 42.52%
Accrued Expenses $2.219M $2.009M $1.917M
YoY Change 15.75% -35.53%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.995M $2.555M $2.751M
YoY Change 8.87% -49.84%
Total Short-Term Liabilities $22.93M $20.22M $20.80M
YoY Change 10.27% -20.26%
LONG-TERM LIABILITIES
Long-Term Debt $14.78M $19.56M $17.46M
YoY Change -15.36% -7.86%
Other Long-Term Liabilities $28.85M $27.18M $25.14M
YoY Change 14.78% 33.66%
Total Long-Term Liabilities $14.78M $19.56M $17.46M
YoY Change -15.36% -7.86%
TOTAL LIABILITIES
Total Short-Term Liabilities $22.93M $20.22M $20.80M
Total Long-Term Liabilities $14.78M $19.56M $17.46M
Total Liabilities $67.06M $67.37M $63.75M
YoY Change 5.19% 0.66%
SHAREHOLDERS EQUITY
Retained Earnings $53.83M $50.63M $49.28M
YoY Change 9.24% 30.33%
Common Stock $6.660M $6.660M $6.660M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $6.077M $6.077M $6.077M
YoY Change 0.0% 0.0%
Treasury Stock Shares 2.339M shares 2.339M shares 2.339M shares
Shareholders Equity $54.42M $51.22M $49.86M
YoY Change
Total Liabilities & Shareholders Equity $139.4M $128.0M $123.2M
YoY Change 13.12% 13.8%

Cashflow Statement

Concept 2022 Q3 2021 Q4 2021 Q3
OPERATING ACTIVITIES
Net Income $1.835M $1.354M $7.199M
YoY Change -74.51% 220.09%
Depreciation, Depletion And Amortization $788.0K $757.0K $770.0K
YoY Change 2.34% -5.26%
Cash From Operating Activities $600.0K $2.526M $4.431M
YoY Change -86.46% 87.39%
INVESTING ACTIVITIES
Capital Expenditures -$1.702M -$3.230M -$2.624M
YoY Change -35.14% 471.68%
Acquisitions
YoY Change
Other Investing Activities -$243.0K $15.00K -$257.0K
YoY Change -5.45% -105.81%
Cash From Investing Activities -$1.945M -$3.215M -$2.881M
YoY Change -32.49% 290.64%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.662M 1.412M -2.225M
YoY Change 64.58% -230.14%
NET CHANGE
Cash From Operating Activities 600.0K 2.526M 4.431M
Cash From Investing Activities -1.945M -3.215M -2.881M
Cash From Financing Activities -3.662M 1.412M -2.225M
Net Change In Cash -5.007M 723.0K -675.0K
YoY Change 641.78% -229.11%
FREE CASH FLOW
Cash From Operating Activities $600.0K $2.526M $4.431M
Capital Expenditures -$1.702M -$3.230M -$2.624M
Free Cash Flow $2.302M $5.756M $7.055M
YoY Change -67.37% 200.89%

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IncreaseDecreaseInOperatingLeaseLiabilities
2564000 usd
bdl Increase Decrease In Due To Franchisees
IncreaseDecreaseInDueToFranchisees
817000 usd
bdl Increase Decrease In Due To Franchisees
IncreaseDecreaseInDueToFranchisees
1572000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
7825000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
11523000 usd
bdl Payments To Acquire Property And Equipment
PaymentsToAcquirePropertyAndEquipment
3292000 usd
bdl Payments To Acquire Property And Equipment
PaymentsToAcquirePropertyAndEquipment
4759000 usd
bdl Purchase Of Construction In Progress
PurchaseOfConstructionInProgress
2521000 usd
bdl Purchase Of Construction In Progress
PurchaseOfConstructionInProgress
2634000 usd
us-gaap Payments For Other Deposits
PaymentsForOtherDeposits
698000 usd
us-gaap Payments For Other Deposits
PaymentsForOtherDeposits
509000 usd
bdl Payment Of Liquor License
PaymentOfLiquorLicense
usd
bdl Payment Of Liquor License
PaymentOfLiquorLicense
192000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
43000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
75000 usd
us-gaap Proceeds From Limited Partnership Investments
ProceedsFromLimitedPartnershipInvestments
24000 usd
us-gaap Proceeds From Limited Partnership Investments
ProceedsFromLimitedPartnershipInvestments
20000 usd
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
75000 usd
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
usd
us-gaap Payments To Acquire Limited Partnership Interests
PaymentsToAcquireLimitedPartnershipInterests
usd
us-gaap Payments To Acquire Limited Partnership Interests
PaymentsToAcquireLimitedPartnershipInterests
375000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-6519000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-8374000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2765000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
3237000 usd
us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
usd
us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
56000 usd
bdl Proceeds From Ppp Loans
ProceedsFromPppLoans
usd
bdl Proceeds From Ppp Loans
ProceedsFromPppLoans
3464000 usd
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
8595000 usd
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
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us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
81000 usd
us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
2295000 usd
us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
1208000 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
1858000 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1677000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1118000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
2983000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
2031000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
32676000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
29922000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
35659000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
31953000 usd
us-gaap Interest Paid Net
InterestPaidNet
547000 usd
us-gaap Interest Paid Net
InterestPaidNet
737000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
466000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
371000 usd
bdl Financing Of Insurance Contracts
FinancingOfInsuranceContracts
1858000 usd
bdl Financing Of Insurance Contracts
FinancingOfInsuranceContracts
1429000 usd
bdl Purchase Deposits Transferred To Property And Equipment
PurchaseDepositsTransferredToPropertyAndEquipment
50000 usd
bdl Purchase Deposits Transferred To Property And Equipment
PurchaseDepositsTransferredToPropertyAndEquipment
14000 usd
bdl Purchase Deposits Transferred To Cip
PurchaseDepositsTransferredToCIP
512000 usd
bdl Purchase Deposits Transferred To Cip
PurchaseDepositsTransferredToCIP
18000 usd
bdl Cip Transferred To Property Plant And Eqipment
CipTransferredToPropertyPlantAndEqipment
3258000 usd
bdl Cip Transferred To Property Plant And Eqipment
CipTransferredToPropertyPlantAndEqipment
usd
bdl Cip In Accounts Payable
CipInAccountsPayable
577000 usd
bdl Cip In Accounts Payable
CipInAccountsPayable
usd
bdl Operating Lease Lliabilities Arising From Right Of Use Asset
OperatingLeaseLliabilitiesArisingFromRightOfUseAsset
3335000 usd
bdl Operating Lease Lliabilities Arising From Right Of Use Asset
OperatingLeaseLliabilitiesArisingFromRightOfUseAsset
6166000 usd
bdl Purchase Of Vehicles In Exchange For Debt
PurchaseOfVehiclesInExchangeForDebt
usd
bdl Purchase Of Vehicles In Exchange For Debt
PurchaseOfVehiclesInExchangeForDebt
58000 usd
bdl Purchase Of Property In Exchange For Debt
PurchaseOfPropertyInExchangeForDebt
usd
bdl Purchase Of Property In Exchange For Debt
PurchaseOfPropertyInExchangeForDebt
2200000 usd
us-gaap Basis Of Accounting
BasisOfAccounting
<p id="d1e10724_anchor" style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:left; margin-top:11pt; margin-bottom:0pt; "> <span style="font-weight:bold; ">(1) BASIS OF PRESENTATION:</span></p> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:justify; margin-top:11pt; margin-bottom:0pt; ">The accompanying condensed consolidated financial information for the periods ended July 2, 2022 and July 3, 2021 are unaudited. Financial information as of October 2, 2021 has been derived from the audited financial statements of Flanigan’s Enterprises, Inc., a Florida corporation, together with its subsidiaries, (the “Company”, “we”, “our”, “ours” and “us” as the context requires), but does not include all disclosures required by accounting principles generally accepted in the United States of America. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of the financial information for the periods indicated have been included. For further information regarding the Company's accounting policies, refer to the Consolidated Financial Statements and related notes included in the Company's Annual Report on Form 10-K for the year ended October 2, 2021. The accompanying condensed consolidated balance sheet as of October 2, 2021 has been derived from those Consolidated Financial Statements. Operating results for interim periods are not necessarily indicative of results to be expected for a full year.</p> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:justify; margin-top:11pt; margin-bottom:0pt; ">The condensed consolidated financial statements include the accounts of the Company, its wholly-owned subsidiaries and the accounts of the ten limited partnerships in which we act as general partner and have controlling interests. All intercompany balances and transactions have been eliminated. Non-controlling interest represents the limited partners’ proportionate share of the net assets and results of operations of the ten limited partnerships.</p> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:justify; margin-top:11pt; margin-bottom:0pt; ">These condensed consolidated financial statements include estimates relating to loyalty reward programs. The estimates are reviewed periodically and the effects of any revisions are reflected in the financial statements in the period they are deemed to be necessary.</p> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:justify; margin-top:11pt; margin-bottom:0pt; ">The condensed consolidated financial statements include estimates relating to the calculation of incremental borrowing rates and length of leases associated with right-of-use assets and corresponding liabilities.</p> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:justify; margin-top:11pt; margin-bottom:0pt; ">Although these estimates are based on management’s knowledge of current events and actions it may take in the future, they may ultimately differ from actual results. <span style="font-size:12pt; "/></p>
CY2022Q1 us-gaap Partners Capital Account Units
PartnersCapitalAccountUnits
74 shares
CY2022Q3 us-gaap Revenues
Revenues
40675000 usd
CY2021Q3 us-gaap Revenues
Revenues
37935000 usd
CY2022Q3 bdl Income Before Corporate Expenses1
IncomeBeforeCorporateExpenses1
2658000 usd
CY2021Q3 bdl Income Before Corporate Expenses1
IncomeBeforeCorporateExpenses1
4525000 usd
CY2022Q3 bdl Corporate Expenses Net Of Other Revenues
CorporateExpensesNetOfOtherRevenues
575000 usd
CY2022Q3 us-gaap Net Rentable Area
NetRentableArea
3556
us-gaap Payments For Rent
PaymentsForRent
78000 usd
bdl Percentage Of Annual Increases
PercentageOfAnnualIncreases
0.02 pure
us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
75000 usd
CY2022Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1015000 usd
CY2022Q3 bdl Excluding Coverage Insurance Policies
ExcludingCoverageInsurancePolicies
272000 usd
CY2022Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
935000 usd
CY2021Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
842000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
198000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
109000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
2769000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
2709000 usd
us-gaap Lease Cost
LeaseCost
2769000 usd
us-gaap Lease Cost
LeaseCost
3016000 usd
CY2021Q3 bdl Corporate Expenses Net Of Other Revenues
CorporateExpensesNetOfOtherRevenues
1916000 usd
CY2022Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
2083000 usd
CY2021Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
2609000 usd
CY2022Q3 us-gaap Interest Expense
InterestExpense
177000 usd
CY2021Q3 us-gaap Interest Expense
InterestExpense
210000 usd
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
30122000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
28559000 usd
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2219000 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2009000 usd
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
28854000 usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
27183000 usd
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P11Y21D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y11M4D
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0475 pure
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0462 pure
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
870000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
3579000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
3622000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
3615000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
3450000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
28546000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
43682000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
12609000 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
31073000 usd
us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<p id="d1e12104_anchor" style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:left; margin-top:11pt; margin-bottom:0pt; "> <span style="font-weight:bold; ">(9) CORONAVIRUS PANDEMIC</span></p> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:justify; margin-top:11pt; margin-bottom:0pt; ">In March 2020, a novel strain of coronavirus was declared a global pandemic and a National Public Health Emergency. The novel coronavirus pandemic and related “shelter-in- place” orders and other governmental mandates relating thereto (collectively, “COVID-19”) adversely affected and will, in all likelihood continue to adversely affect, our restaurant operations and financial results for the foreseeable future.</p> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:justify; margin-top:11pt; margin-bottom:0pt; ">During the second quarter of our fiscal year 2021, certain of the entities owning the limited partnership stores (the “LP’s”), as well as the store we manage but do not own (the “Managed Store”), applied for and received loans from an unrelated third party lender pursuant to the Paycheck Protection Program (the “PPP”) under the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”) enacted March 27, 2020, in the aggregate principal amount of approximately $<span style="font-size:10pt; ">3.98</span> million, (the “2<span style="font-size:6.1pt; top:-3.54pt; position:relative; ">nd</span><span style="font-size:6.1pt; top:-3.54pt; position:relative; "/>PPP Loans”), of which approximately: (i) $<span style="font-size:10pt; ">3.35</span> million was loaned to six of the LP’s; and (ii) $<span style="font-size:10pt; ">0.63</span> million was loaned to the Managed Store. The 2<span style="font-size:6.1pt; top:-3.54pt; position:relative; ">nd</span><span style="font-size:6.1pt; top:-3.54pt; position:relative; "/>PPP Loan to the Managed Store is not included in our consolidated financial statements. During the first quarter of our fiscal year 2022, we applied for and received forgiveness of the entire amount of principal and accrued interest for all 2<span style="font-size:6.1pt; top:-3.54pt; position:relative; ">nd</span><span style="font-size:6.1pt; top:-3.54pt; position:relative; "/>PPP Loans, including the Managed Store. </p> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:justify; margin-top:11pt; margin-bottom:0pt; ">COVID-19 has had a material adverse effect on our access to supplies or labor and there can be no assurance that there will not be a significant adverse impact on our supply chain or access to labor in the future. We are actively monitoring our food suppliers to assess how they are managing their operations to mitigate supply flow and food safety risks. To ensure we mitigate potential supply availability risk, we are building additional inventory back stock levels when appropriate and we have also identified alternative supply sources in key product categories including but not limited to food, sanitation and safety supplies. <span style="font-size:12pt; "/></p>
CY2022Q3 bdl Interest With Other Income
InterestWithOtherIncome
80000 usd
CY2021Q3 bdl Interest With Other Income
InterestWithOtherIncome
14000 usd
CY2022Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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CY2021Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
6483000 usd
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1986000 usd
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
8896000 usd
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
22000 usd
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
475000 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
1964000 usd
CY2021Q3 us-gaap Profit Loss
ProfitLoss
8421000 usd
CY2022Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
129000 usd
CY2021Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1222000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
1835000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
7199000 usd
CY2021Q3 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
670000 usd
CY2022Q3 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1992000 usd
CY2021Q3 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1754000 usd
us-gaap Revenues
Revenues
118408000 usd
us-gaap Revenues
Revenues
103672000 usd
bdl Income Before Corporate Expenses1
IncomeBeforeCorporateExpenses1
6152000 usd
bdl Income Before Corporate Expenses1
IncomeBeforeCorporateExpenses1
9192000 usd
bdl Corporate Expenses Net Of Other Revenues
CorporateExpensesNetOfOtherRevenues
1454000 usd
bdl Corporate Expenses Net Of Other Revenues
CorporateExpensesNetOfOtherRevenues
2520000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
4698000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
6672000 usd
us-gaap Interest Expense
InterestExpense
547000 usd
us-gaap Interest Expense
InterestExpense
737000 usd
bdl Interest With Other Income
InterestWithOtherIncome
117000 usd
bdl Interest With Other Income
InterestWithOtherIncome
45000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
3488000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
10136000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
11000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
33000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
7767000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
16149000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
522000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1004000 usd
us-gaap Profit Loss
ProfitLoss
7245000 usd
us-gaap Profit Loss
ProfitLoss
15145000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2186000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
4715000 usd
us-gaap Net Income Loss
NetIncomeLoss
5059000 usd
us-gaap Net Income Loss
NetIncomeLoss
10430000 usd
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
1907000 usd
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
2017000 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
6311000 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
8323000 usd
CY2022Q3 us-gaap Assets
Assets
139409000 usd
CY2021Q4 us-gaap Assets
Assets
128002000 usd
bdl Purchase Of Cop Quota Liquor License From Unrelated Third Party
PurchaseOfCopQuotaLiquorLicenseFromUnrelatedThirdParty
445000 usd
us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
697000 usd
CY2022Q3 us-gaap Debt Instrument Repurchased Face Amount
DebtInstrumentRepurchasedFaceAmount
1000000 usd
CY2022Q3 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
1100000 usd
us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
1000000 usd
us-gaap Interest Expense Interest Bearing Liability
InterestExpenseInterestBearingLiability
1000000 usd
CY2022Q3 us-gaap Interest Expense
InterestExpense
177000 usd
CY2021Q3 us-gaap Interest Expense
InterestExpense
210000 usd
us-gaap Interest Expense
InterestExpense
547000 usd
us-gaap Interest Expense
InterestExpense
737000 usd
CY2022Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
80000 usd
CY2021Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
14000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
117000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
45000 usd
CY2022Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
usd
CY2021Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
6483000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
3488000 usd
CY2022Q3 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
usd
CY2021Q3 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
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us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
11000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
33000 usd
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
bdl Restaurant Food Sales
RestaurantFoodSales
72554000 usd
bdl Restaurant Food Sales
RestaurantFoodSales
62501000 usd
CY2022Q3 bdl Restaurant Bar Sales
RestaurantBarSales
6755000 usd
CY2021Q3 bdl Restaurant Bar Sales
RestaurantBarSales
5617000 usd
bdl Restaurant Bar Sales
RestaurantBarSales
19431000 usd
CY2022Q3 bdl Package Store Sales
PackageStoreSales
7626000 usd
CY2021Q3 bdl Package Store Sales
PackageStoreSales
8082000 usd
bdl Package Store Sales
PackageStoreSales
24285000 usd
bdl Package Store Sales
PackageStoreSales
23923000 usd
CY2022Q3 bdl Franchise Revenues
FranchiseRevenues
460000 usd
CY2021Q3 bdl Franchise Revenues
FranchiseRevenues
444000 usd
bdl Franchise Revenues
FranchiseRevenues
1384000 usd
bdl Franchise Revenues
FranchiseRevenues
1252000 usd
CY2022Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
213000 usd
CY2021Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
250000 usd
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
611000 usd
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
663000 usd
CY2021Q3 bdl Other Sales Revenues Net
OtherSalesRevenuesNet
58000 usd
bdl Other Sales Revenues Net
OtherSalesRevenuesNet
143000 usd
bdl Other Sales Revenues Net
OtherSalesRevenuesNet
223000 usd
CY2022Q3 us-gaap Revenues
Revenues
40675000 usd
CY2021Q3 us-gaap Revenues
Revenues
37935000 usd
us-gaap Revenues
Revenues
118408000 usd
us-gaap Revenues
Revenues
103672000 usd
CY2022Q3 bdl Food And Beverages Cost Of Sales
FoodAndBeveragesCostOfSales
11870000 usd
CY2021Q3 bdl Food And Beverages Cost Of Sales
FoodAndBeveragesCostOfSales
9964000 usd
bdl Food And Beverages Cost Of Sales
FoodAndBeveragesCostOfSales
33577000 usd
bdl Food And Beverages Cost Of Sales
FoodAndBeveragesCostOfSales
25948000 usd
CY2022Q3 bdl Package Goods
PackageGoods
5630000 usd
CY2021Q3 bdl Package Goods
PackageGoods
5911000 usd
bdl Package Goods
PackageGoods
17430000 usd
CY2022Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
12798000 usd
CY2022Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-97000 usd
CY2021Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
6287000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
3069000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
9477000 usd
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1986000 usd
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
8896000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
7767000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
16149000 usd
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
475000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
522000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1004000 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
1964000 usd
CY2021Q3 us-gaap Profit Loss
ProfitLoss
8421000 usd
us-gaap Profit Loss
ProfitLoss
7245000 usd
us-gaap Profit Loss
ProfitLoss
15145000 usd
CY2022Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
129000 usd
dei Document Period End Date
DocumentPeriodEndDate
2022-07-02
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
dei Document Transition Report
DocumentTransitionReport
false
dei Entity Registrant Name
EntityRegistrantName
FLANIGAN'S ENTERPRISES, INC
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
FL
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
59-0877638
dei Entity Address Address Line1
EntityAddressAddressLine1
5059 N.E. 18th Avenue
dei Entity Address City Or Town
EntityAddressCityOrTown
Fort Lauderdale
dei Entity Address State Or Province
EntityAddressStateOrProvince
FL
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
33334
dei City Area Code
CityAreaCode
954
dei Local Phone Number
LocalPhoneNumber
377-1961
dei Security12b Title
Security12bTitle
Common Stock, $.10 par value
dei Trading Symbol
TradingSymbol
BDL
dei Security Exchange Name
SecurityExchangeName
NYSE
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2022Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
1858647 shares
CY2022Q3 bdl Restaurant Food Sales
RestaurantFoodSales
25574000 usd
CY2021Q3 bdl Restaurant Food Sales
RestaurantFoodSales
23484000 usd
us-gaap Labor And Related Expense
LaborAndRelatedExpense
37065000 usd
us-gaap Labor And Related Expense
LaborAndRelatedExpense
32475000 usd
CY2021Q3 us-gaap Occupancy Net
OccupancyNet
1651000 usd
us-gaap Occupancy Net
OccupancyNet
5190000 usd
us-gaap Occupancy Net
OccupancyNet
5059000 usd
CY2022Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
6517000 usd
CY2021Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
5252000 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
20039000 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
16088000 usd
CY2022Q3 us-gaap Costs And Expenses
CostsAndExpenses
38592000 usd
us-gaap Costs And Expenses
CostsAndExpenses
97000000 usd
CY2022Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
2083000 usd
CY2021Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
2609000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
4698000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
4715000 usd

Files In Submission

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0001174947-22-000961-index-headers.html Edgar Link pending
0001174947-22-000961-index.html Edgar Link pending
0001174947-22-000961.txt Edgar Link pending
0001174947-22-000961-xbrl.zip Edgar Link pending
bdl-20220702.xsd Edgar Link pending
ex31-1.htm Edgar Link pending
ex31-2.htm Edgar Link pending
ex32-1.htm Edgar Link pending
ex32-2.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
flgn10q0722.htm Edgar Link pending
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FilingSummary.xml Edgar Link unprocessable
bdl-20220702_cal.xml Edgar Link unprocessable
bdl-20220702_def.xml Edgar Link unprocessable
bdl-20220702_lab.xml Edgar Link unprocessable
bdl-20220702_pre.xml Edgar Link unprocessable
flgn10q0722_htm.xml Edgar Link completed