Rendering
Component: (Network and Table) |
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Network | 033 - Disclosure - INCOME TAXES (Tables) (http://www.arkrestaurants.com/role/INCOMETAXESTables) |
Table | (Implied) |
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis] | 0000779544 (http://www.sec.gov/CIK) |
Income Tax Disclosure [Abstract] | Period [Axis] |
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2015-10-04 - 2016-10-01 |
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Income Tax Disclosure [Abstract] | |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | The provision for income taxes attributable to continuing operations consists of the following:
| |
Year Ended |
| |
October 1, | |
October 3, |
| |
2016 | |
2015 |
| |
(In
thousands) | |
| |
| |
Current provision: | |
| | | |
| | |
Federal | |
$ | 778 | | |
$ | 1,684 | |
State and local | |
| 192 | | |
| 699 | |
| |
| 970 | | |
| 2,383 | |
| |
| | | |
| | |
Deferred provision (benefit): | |
| | | |
| | |
Federal | |
| 915 | | |
| 342 | |
State and local | |
| 213 | | |
| (129 | ) |
| |
| 1,128 | | |
| 213 | |
| |
| | | |
| | |
| |
$ | 2,098 | | |
$ | 2,596 | |
|
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | The effective tax rate differs from the U.S. income tax rate as follows:
| |
Year Ended |
| |
October 1, | |
October 3, |
| |
2016 | |
2015 |
| |
(In
thousands) | |
| |
| |
Provision
at Federal statutory rate (34% in 2016 and 2015) | |
$ | 2,580 | | |
$ | 3,056 | |
| |
| | | |
| | |
State and local income taxes, net of tax benefits | |
| 326 | | |
| 346 | |
| |
| | | |
| | |
Tax credits | |
| (611 | ) | |
| (583 | ) |
| |
| | | |
| | |
Income attributable to non-controlling interest | |
| (501 | ) | |
| (341 | ) |
| |
| | | |
| | |
Changes in tax rates | |
| 9 | | |
| 67 | |
| |
| | | |
| | |
Other | |
| 295 | | |
| 51 | |
| |
| | | |
| | |
| |
$ | 2,098 | | |
$ | 2,596 | |
|
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | Significant components of the Company’s deferred tax assets and liabilities are as follows:
| |
October 1, | |
October 3, |
| |
2016 | |
2015 |
| |
(In
thousands) | |
| |
| |
Long-term deferred tax assets (liabilities): | |
| | | |
| | |
State net operating loss carryforwards | |
$ | 3,179 | | |
$ | 3,069 | |
Operating lease deferred credits | |
| 772 | | |
| 793 | |
Depreciation and amortization | |
| (256 | ) | |
| 259 | |
Deferred compensation | |
| 986 | | |
| 794 | |
Partnership investments | |
| (709 | ) | |
| (220 | ) |
Prepaid expenses |
|
| (444 | ) | |
| (201 | ) |
Other |
|
| 230 | | |
| 182 | |
| |
| | | |
| | |
Total long-term deferred tax assets | |
| 3,758 | | |
| 4,676 | |
Valuation allowance | |
| (342 | ) | |
| (223 | ) |
| |
| | | |
| | |
Total net deferred tax assets | |
$ | 3,416 | | |
$ | 4,453 | |
|
Summary of Income Tax Contingencies [Table Text Block] | A reconciliation of the beginning and ending amount of unrecognized tax benefits excluding interest and penalties is as follows:
| |
October 1, | |
October 3, |
| |
2016 | |
2015 |
| |
(In thousands) |
| |
|
Balance at beginning of year | |
$ | 307 | | |
$ | 162 | |
| |
| | | |
| | |
Additions based on tax positions taken in current and prior years | |
| 105 | | |
| 145 | |
Settlements | |
| (46 | ) | |
| - | |
| |
| | | |
| | |
Balance at end of year | |
$ | 366 | | |
$ | 307 | |
|