2023 Q3 Form 10-Q Financial Statement

#000117494723001073 Filed on August 15, 2023

View on sec.gov

Income Statement

Concept 2023 Q3
Revenue $45.37M
YoY Change 11.55%
Cost Of Revenue $18.23M
YoY Change 4.19%
Gross Profit $27.14M
YoY Change 17.1%
Gross Profit Margin 59.81%
Selling, General & Admin $7.927M
YoY Change 21.64%
% of Gross Profit 29.21%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $934.0K
YoY Change 18.53%
% of Gross Profit 3.44%
Operating Expenses $7.927M
YoY Change 21.64%
Operating Profit $2.700M
YoY Change 29.62%
Interest Expense $264.0K
YoY Change 49.15%
% of Operating Profit 9.78%
Other Income/Expense, Net -$238.0K
YoY Change 145.36%
Pretax Income $2.462M
YoY Change 23.97%
Income Tax $51.00K
% Of Pretax Income 2.07%
Net Earnings $1.605M
YoY Change -12.53%
Net Earnings / Revenue 3.54%
Basic Earnings Per Share $0.86
Diluted Earnings Per Share $0.86
COMMON SHARES
Basic Shares Outstanding 1.859M shares
Diluted Shares Outstanding 1.859M shares

Balance Sheet

Concept 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $27.11M
YoY Change -23.99%
Cash & Equivalents $27.11M
Short-Term Investments
Other Short-Term Assets $2.415M
YoY Change -34.8%
Inventory $7.144M
Prepaid Expenses
Receivables
Other Receivables $834.0K
Total Short-Term Assets $37.32M
YoY Change -17.65%
LONG-TERM ASSETS
Property, Plant & Equipment $78.75M
YoY Change 27.73%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $276.0K
YoY Change -10.97%
Other Assets $2.440M
YoY Change 21.94%
Total Long-Term Assets $109.1M
YoY Change 15.93%
TOTAL ASSETS
Total Short-Term Assets $37.32M
Total Long-Term Assets $109.1M
Total Assets $146.4M
YoY Change 5.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.74M
YoY Change 140.59%
Accrued Expenses $4.887M
YoY Change 120.23%
Deferred Revenue $2.635M
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $1.278M
YoY Change -57.33%
Total Short-Term Liabilities $21.60M
YoY Change -5.81%
LONG-TERM LIABILITIES
Long-Term Debt $22.15M
YoY Change 49.9%
Other Long-Term Liabilities $26.49M
YoY Change -8.2%
Total Long-Term Liabilities $22.15M
YoY Change 49.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $21.60M
Total Long-Term Liabilities $22.15M
Total Liabilities $70.85M
YoY Change 5.65%
SHAREHOLDERS EQUITY
Retained Earnings $58.37M
YoY Change 8.44%
Common Stock $6.660M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $6.077M
YoY Change 0.0%
Treasury Stock Shares
Shareholders Equity $58.96M
YoY Change
Total Liabilities & Shareholders Equity $146.4M
YoY Change 5.02%

Cashflow Statement

Concept 2023 Q3
OPERATING ACTIVITIES
Net Income $1.605M
YoY Change -12.53%
Depreciation, Depletion And Amortization $934.0K
YoY Change 18.53%
Cash From Operating Activities $3.006M
YoY Change 401.0%
INVESTING ACTIVITIES
Capital Expenditures $11.66M
YoY Change -785.25%
Acquisitions
YoY Change
Other Investing Activities -$62.00K
YoY Change -74.49%
Cash From Investing Activities -$11.73M
YoY Change 502.83%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.939M
YoY Change -47.05%
NET CHANGE
Cash From Operating Activities 3.006M
Cash From Investing Activities -11.73M
Cash From Financing Activities -1.939M
Net Change In Cash -10.66M
YoY Change 112.86%
FREE CASH FLOW
Cash From Operating Activities $3.006M
Capital Expenditures $11.66M
Free Cash Flow -$8.657M
YoY Change -476.06%

Facts In Submission

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dei Entity Registrant Name
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FLANIGAN’S ENTERPRISES, INC.
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dei Security12b Title
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CY2023Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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us-gaap Profit Loss
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us-gaap Depreciation Depletion And Amortization
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bdl Amortization Of Leasehold Purchases
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579000 usd
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us-gaap Increase Decrease In Other Noncurrent Assets
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22000 usd
us-gaap Increase Decrease In Other Noncurrent Assets
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217000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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bdl Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
1726000 usd
bdl Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
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bdl Increase Decrease In Due To Franchisees
IncreaseDecreaseInDueToFranchisees
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bdl Increase Decrease In Due To Franchisees
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us-gaap Increase Decrease In Deferred Revenue
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us-gaap Increase Decrease In Deferred Revenue
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145000 usd
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us-gaap Net Cash Provided By Used In Operating Activities
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bdl Payments To Acquire Property And Equipment
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bdl Payments To Acquire Property And Equipment
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bdl Purchase Of Construction In Progress
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2811000 usd
bdl Purchase Of Construction In Progress
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us-gaap Payments For Other Deposits
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us-gaap Payments For Other Deposits
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us-gaap Proceeds From Sale Of Property Plant And Equipment
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43000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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75000 usd
us-gaap Proceeds From Limited Partnership Investments
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27000 usd
us-gaap Proceeds From Limited Partnership Investments
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24000 usd
us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Repayments Of Long Term Debt
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1987000 usd
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us-gaap Proceeds From Minority Shareholders
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8630000 usd
us-gaap Payments Of Dividends
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838000 usd
us-gaap Payments Of Dividends
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1858000 usd
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2409000 usd
us-gaap Payments Of Distributions To Affiliates
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2295000 usd
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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1712000 usd
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
2983000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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42138000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
27106000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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bdl Interest
Interest
801000 usd
bdl Interest
Interest
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bdl Income Taxes Amount
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431000 usd
bdl Income Taxes Amount
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466000 usd
bdl Financing Of Insurance Contracts
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1858000 usd
bdl Purchase Deposits Transferred To Property And Equipment
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2298000 usd
bdl Purchase Deposits Transferred To Property And Equipment
PurchaseDepositsTransferredToPropertyAndEquipment
50000 usd
bdl Purchase Deposit Transferred To Cip
PurchaseDepositTransferredToCIP
502000 usd
bdl Purchase Deposit Transferred To Cip
PurchaseDepositTransferredToCIP
512000 usd
bdl Cip Transferred To Property And Equipment
CIPTransferredToPropertyAndEquipment
7110000 usd
bdl Cip Transferred To Property And Equipment
CIPTransferredToPropertyAndEquipment
3258000 usd
bdl Cip In Accounts Payable And Accrued Expenses
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538000 usd
bdl Cip In Accounts Payable And Accrued Expenses
CIPInAccountsPayableAndAccruedExpenses
577000 usd
bdl Operating Lease Liabilities Arising From Rou Asset
OperatingLeaseLiabilitiesArisingFromROUAsset
3335000 usd
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OtherInventoryWarehouse
3200000 usd
us-gaap Lease Cost
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5500000 usd
CY2022Q4 bdl Amount Of Premium Payable
AmountOfPremiumPayable
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0 usd
CY2022Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
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658000 usd
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955000 usd
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2868000 usd
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CY2023Q3 bdl Provision For Income Taxes
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51000 usd
CY2022Q3 bdl Provision For Income Taxes
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22000 usd
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2411000 usd
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1964000 usd
CY2023Q3 us-gaap Net Income Loss Attributable To Parent Diluted
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806000 usd
bdl Operating Lease Assets
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27615000 usd
CY2022 bdl Operating Lease Assets
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2319000 usd
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2253000 usd
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OperatingLeaseNoncurrentLiabilities
26489000 usd
CY2022Q4 bdl Operating Lease Noncurrent Liabilities
OperatingLeaseNoncurrentLiabilities
28281000 usd
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P10Y1M6D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P10Y9M25D
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0475 pure
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0466 pure
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
861000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
3612000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
3606000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
3440000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
3344000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
25173000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
40036000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
11228000 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
28808000 usd
CY2023Q3 bdl Income Before Provision For Income Taxes
IncomeBeforeProvisionForIncomeTaxes
2462000 usd
CY2022Q3 bdl Income Before Provision For Income Taxes
IncomeBeforeProvisionForIncomeTaxes
1986000 usd
CY2022Q3 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
129000 usd
CY2023Q3 us-gaap Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
1605000 usd
CY2022Q3 us-gaap Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
1835000 usd
CY2023Q3 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
934000 usd
CY2022Q3 us-gaap Depreciation Amortization And Accretion Net
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788000 usd
CY2023Q3 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
14448000 usd
CY2022Q3 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
2202000 usd
bdl Income Before Provision For Income Taxes
IncomeBeforeProvisionForIncomeTaxes
5867000 usd
bdl Income Before Provision For Income Taxes
IncomeBeforeProvisionForIncomeTaxes
7767000 usd
bdl Provision For Income Taxes
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404000 usd
bdl Provision For Income Taxes
ProvisionForIncomeTaxes
522000 usd
us-gaap Sales Type Lease Selling Profit Loss
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5463000 usd
us-gaap Sales Type Lease Selling Profit Loss
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7245000 usd
us-gaap Net Income Loss Attributable To Parent Diluted
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1337000 usd
us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
2186000 usd
us-gaap Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
4126000 usd
us-gaap Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
5059000 usd
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
2613000 usd
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
2209000 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
18690000 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
6997000 usd
CY2023Q3 us-gaap Assets
Assets
146401000 usd
CY2022Q4 us-gaap Assets
Assets
147492000 usd
CY2023Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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CY2022Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
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CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.99
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.22
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.72
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1858647 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1858647 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1858647 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1858647 shares
CY2022Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
bdl Organizational Costs
OrganizationalCosts
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us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
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us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
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us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
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bdl Financing Of Insurance Contracts
FinancingOfInsuranceContracts
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bdl Operating Lease Liabilities Arising From Rou Asset
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dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--10-01
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0000012040

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