Ark Restaurants (ARKR) 10-K17 Dec 192019 FY Annual reportFinancial data

Company Profile

Cover Page

Cover Page - USD ($)	12 Months Ended
Cover Page - USD ($)	Sep. 28, 2019	Dec. 11, 2019	Mar. 30, 2019
Cover page.
Document Type	10-K
Document Annual Report	true
Document Period End Date	Sep. 28, 2019
Document Transition Report	false
Entity File Number	1-09453
Entity Registrant Name	ARK RESTAURANTS CORP.
Entity Incorporation, State or Country Code	NY
Entity Tax Identification Number	13-3156768
Entity Address, Address Line One	85 Fifth Avenue
Entity Address, City or Town	New York,
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10003
City Area Code	212
Local Phone Number	206-8800
Title of 12(b) Security	Common Stock, par value $.01 per share
Trading Symbol	ARKR
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 41,906,229
Entity Common Stock, Shares Outstanding		3,498,907
Documents Incorporated by Reference	(1) In accordance with General Instruction G (3) of Form 10-K, certain information required by Part III hereof will either be incorporated into this Form 10-K by reference to the registrant’s definitive proxy statement for the registrant’s 2019 Annual Meeting of Stockholders filed within 120 days of September 28, 2019 or will be included in an amendment to this Form 10-K filed within 120 days of September 28, 2019.
Current Fiscal Year End Date	--09-28
Amendment Flag	false
Entity Central Index Key	0000779544
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 28, 2019	Sep. 29, 2018
CURRENT ASSETS:
Cash and cash equivalents (includes $170 at September 28, 2019 and $181 at September 29, 2018 related to VIEs)	$ 7,177	$ 5,012
Accounts receivable (includes $219 at September 28, 2019 and $354 at September 29, 2018 related to VIEs)	2,621	3,452
Employee receivables	414	386
Inventories (includes $41 at September 28, 2019 and $19 at September 29, 2018 related to VIEs)	2,222	2,094
Prepaid and refundable income taxes (includes $254 at September 28, 2019 and $241 at September 29, 2018 related to VIEs)	254	721
Prepaid expenses and other current assets (includes $12 at September 28, 2019 and $51 at September 29, 2018 related to VIEs)	1,021	1,547
Total current assets	13,709	13,212
FIXED ASSETS - Net (includes $236 at September 28, 2019 and $0 at September 29, 2018 related to VIEs)	47,781	45,264
INTANGIBLE ASSETS - Net	303	349
GOODWILL	15,570	9,880
TRADEMARKS	3,720	3,331
DEFERRED INCOME TAXES	4,106	2,988
INVESTMENT IN AND RECEIVABLE FROM NEW MEADOWLANDS RACETRACK	6,821	7,036
OTHER ASSETS (includes $82 at September 28, 2019 and September 29, 2018 related to VIEs)	2,642	2,677
TOTAL ASSETS	94,652	84,737
CURRENT LIABILITIES:
Accounts payable - trade (includes $65 at September 28, 2019 and $158 at September 29, 2018 related to VIEs)	3,549	5,019
Accrued expenses and other current liabilities (includes $440 at September 28, 2019 and $348 at September 29, 2018 related to VIEs)	10,672	10,702
Accrued income taxes	285	0
Dividend payable	875	868
Current portion of notes payable	2,701	1,251
Total current liabilities	18,082	17,840
OPERATING LEASE DEFERRED CREDIT (includes ($30) at September 28, 2019 and ($21) at September 29, 2018 related to VIEs)	10,077	3,301
Long-term debt	23,786	19,860
TOTAL LIABILITIES	51,945	41,001
COMMITMENTS AND CONTINGENCIES
EQUITY:
Common stock, par value $0.01 per share - authorized, 10,000 shares; issued and outstanding, 3,499 shares at September 28, 2019 and 3,470 shares at September 29, 2018	35	35
Additional paid-in capital	13,277	12,897
Retained earnings	28,552	29,364
Total Ark Restaurants Corp. shareholders’ equity	41,864	42,296
NON-CONTROLLING INTERESTS	843	1,440
TOTAL EQUITY	42,707	43,736
TOTAL LIABILITIES AND EQUITY	$ 94,652	$ 84,737

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($) $ in Thousands	Sep. 28, 2019	Sep. 29, 2018
Statement of Financial Position [Abstract]
VIEs, Cash and cash equivalents	$ 170	$ 181
VIEs, Accounts receivable	219	354
VIEs, Inventories	41	19
VIEs, Prepaid and refundable income taxes	254	241
VIEs, Prepaid expenses and other current assets	12	51
VIEs, Fixed assets - net	236	0
VIEs, Other assets	82	82
VIEs, Accounts payable - trade	65	158
VIEs, Accrued expenses and other current liabilities	440	348
VIEs, Operating lease deferred credit	$ (30)	$ (21)
Common stock, par value (in Dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in Shares)	10,000,000	10,000,000
Common stock, shares issued (in Shares)	3,499,000	3,470,000
Common stock, shares outstanding (in Shares)	3,499,000	3,470,000

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Sep. 28, 2019	Sep. 29, 2018
REVENUES:
Revenues	$ 162,354	$ 159,990
COSTS AND EXPENSES:
Payroll expenses	56,675	55,620
Other operating costs and expenses	20,378	21,437
General and administrative expenses	12,011	11,214
Depreciation and amortization	5,233	5,074
Total costs and expenses	155,145	154,958
RESTAURANT OPERATING INCOME	7,209	5,032
Loss on closure of Durgin-Park	(1,106)	0
Impairment loss from write-down of long-lived assets	(2,857)	0
OPERATING INCOME	3,246	5,032
OTHER (INCOME) EXPENSE:
Interest expense	1,437	1,163
Interest income	(61)	(57)
Total other expense, net	1,376	1,106
INCOME BEFORE BENEFIT FOR INCOME TAXES	1,870	3,926
Benefit for income taxes	(591)	(1,147)
CONSOLIDATED NET INCOME	2,461	5,073
Net (income) loss attributable to non-controlling interests	215	(418)
NET INCOME ATTRIBUTABLE TO ARK RESTAURANTS CORP.	$ 2,676	$ 4,655
Earnings Per Share [Abstract]
Basic (in Dollars per share)	$ 0.77	$ 1.35
Diluted (in Dollars per share)	$ 0.76	$ 1.31
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:
Basic (in Shares)	3,479	3,439
Diluted (in Shares)	3,531	3,549
Food and Beverage
REVENUES:
Revenues	$ 159,125	$ 156,837
COSTS AND EXPENSES:
Cost of goods and services sold	43,435	43,036
Other Revenue
REVENUES:
Revenues	3,229	3,153
Occupancy
COSTS AND EXPENSES:
Cost of goods and services sold	$ 17,413	$ 18,577

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Retained Earnings	Total Ark Restaurants Corp. Shareholders’Equity	Non- controlling Interests
BALANCE (in Shares) at Sep. 30, 2017		3,428,000
BALANCE at Sep. 30, 2017	$ 42,440	$ 34	$ 12,247	$ 28,163	$ 40,444	$ 1,996
Net income (loss)	$ 5,073			4,655	4,655	418
Exercise of stock options (in Shares)	42,000	42,000
Exercise of stock options	$ 604	$ 1	603		604
Stock-based compensation	47		47		47
Distributions to non-controlling interests	(974)					(974)
Dividends paid and accrued	(3,454)			(3,454)	(3,454)
BALANCE (in Shares) at Sep. 29, 2018		3,470,000
BALANCE at Sep. 29, 2018	43,736	$ 35	12,897	29,364	42,296	1,440
Net income (loss)	$ 2,461			2,676	2,676	(215)
Exercise of stock options (in Shares)	40,500	41,000
Exercise of stock options	$ 503	$ 0	503		503
Purchase and retirement of treasury shares (in Shares)	(11,774)	(12,000)
Purchase and retirement of treasury shares	$ (235)		(235)		(235)
Stock-based compensation	112		112		112
Distributions to non-controlling interests	(382)					(382)
Dividends paid and accrued	(3,488)			(3,488)	(3,488)
BALANCE (in Shares) at Sep. 28, 2019		3,499,000
BALANCE at Sep. 28, 2019	$ 42,707	$ 35	$ 13,277	$ 28,552	$ 41,864	$ 843

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Parentheticals) - $ / shares	12 Months Ended
	Sep. 28, 2019	Sep. 29, 2018
Statement of Stockholders' Equity [Abstract]
Dividends paid (in Dollars per share)	$ 1	$ 1

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Sep. 28, 2019	Sep. 29, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Consolidated net income	$ 2,461	$ 5,073
Adjustments to reconcile consolidated net income to net cash provided by operating activities:
Stock-based compensation	112	47
Asset impairment on closure of Durgin-Park	1,067	0
Gain (Loss) on Leasehold Improvements	2,857	0
Deferred income taxes	(1,118)	(1,497)
Accrued interest on note receivable from NMR	(61)	(57)
Depreciation and amortization	5,233	5,074
Amortization of deferred financing costs	35	21
Operating lease deferred credit	(499)	(347)
Changes in operating assets and liabilities:
Accounts receivable	831	(99)
Inventories	(48)	(102)
Prepaid, refundable and accrued income taxes	752	224
Prepaid expenses and other current assets	513	441
Other assets	35	2
Accounts payable - trade	(1,475)	269
Accrued expenses and other current liabilities	(80)	526
Net cash provided by operating activities	10,615	9,575
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of fixed assets	(3,419)	(5,063)
Loans and advances made to employees	(224)	(136)
Payments received on employee receivables	196	149
Interest payments received from NMR	276	0
Purchase of JB's on the Beach, net of cash acquired	(25)	0
Net cash used in investing activities	(3,196)	(5,050)
CASH FLOWS FROM FINANCING ACTIVITIES:
Principal payments on notes payable	(1,608)	(2,067)
Borrowings under credit facility	650	5,086
Repayments of borrowings under credit facility	(650)	0
Payment of debt financing costs	(51)	(125)
Dividends paid	(3,481)	(3,443)
Proceeds from issuance of stock upon exercise of stock options	268	604
Distributions to non-controlling interests	(382)	(974)
Net cash used in financing activities	(5,254)	(919)
NET INCREASE IN CASH AND CASH EQUIVALENTS	2,165	3,606
CASH AND CASH EQUIVALENTS, Beginning of year	5,012	1,406
CASH AND CASH EQUIVALENTS, End of year	7,177	5,012
Cash paid during the year for:
Interest	1,420	1,008
Income taxes	732	127
Non-cash investing activities:
Landlord provided fixed assets	8,653	0
Non-cash financing activities:
Note payable in connection with the purchase of JB's on the Beach	7,000	0
Refinancing of credit facility borrowings to term notes	3,200	4,430
Accrued dividend	$ 875	$ 868

BUSINESS AND SUMMARY OF SIGNIFI

BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Sep. 28, 2019
Disclosure Text Block [Abstract]
BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES As of September 28, 2019, Ark Restaurants Corp. and Subsidiaries (the “Company”) owned and operated 20 restaurants and bars, 17 fast food concepts and catering operations, exclusively in the United States, that have similar economic characteristics, nature of products and service, class of customers and distribution methods. The Company believes it meets the criteria for aggregating its operating segments into a single reporting segment in accordance with applicable accounting guidance. The Company operates five restaurants in New York City, two in Washington, D.C., five in Las Vegas, Nevada, three in Atlantic City, New Jersey, three in Florida and two on the gulf coast of Alabama. The Las Vegas operations include four restaurants within the New York-New York Hotel & Casino Resort and operation of the hotel’s room service, banquet facilities, employee dining room and six food court concepts and one restaurant within the Planet Hollywood Resort and Casino. In Atlantic City, New Jersey, the Company operates a restaurant and a bar in the Resorts Atlantic City Hotel and Casino and a restaurant in the Tropicana Hotel and Casino. The operation at the Foxwoods Resort Casino consists of one fast food concept. The Florida operations include The Rustic Inn in Dania Beach, Shuckers in Jensen Beach, JB's on the Beach in Deerfield Beach, and the operation of four fast food facilities in Tampa and six fast food facilities in Hollywood, each at a Hard Rock Hotel and Casino. In Alabama, the Company operates two Original Oyster Houses , one in Gulf Shores and one in Spanish Fort. Basis of Presentation — The accompanying consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and accounting principles generally accepted in the United States of America (“GAAP”). The Company’s reporting currency is the United States dollar. The Company had a working capital deficiency of $4,373,000 at September 28, 2019. We believe that our existing cash balances, current banking facilities and cash provided by operations will be sufficient to meet our liquidity and capital spending requirements at least through December 18, 2020. Accounting Period — The Company’s fiscal year ends on the Saturday nearest September 30. The fiscal years ended September 28, 2019 and September 29, 2018 included 52 weeks. Use of Estimates — The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The accounting estimates that require management’s most difficult and subjective judgments include allowances for potential bad debts on receivables, the useful lives and recoverability of its assets, such as property and intangibles, fair values of financial instruments and share-based compensation, the realizable value of its tax assets and determining when investment impairments are other-than-temporary. Because of the uncertainty in such estimates, actual results may differ from these estimates. Principles of Consolidation — The consolidated financial statements include the accounts of Ark Restaurants Corp. and all of its wholly-owned subsidiaries, partnerships and other entities in which it has a controlling interest. Also included in the consolidated financial statements are certain variable interest entities (“VIEs”). All significant intercompany balances and transactions have been eliminated in consolidation. Non-Controlling Interests — Non-controlling interests represent capital contributions, income and loss attributable to the shareholders of less than wholly-owned and consolidated entities. Seasonality — The Company has substantial fixed costs that do not decline proportionally with sales. The first and second fiscal quarters, which include the winter months, usually reflect lower customer traffic than in the third and fourth fiscal quarters. However, sales in the third and fourth fiscal quarters can be adversely affected by inclement weather due to the significant amount of outdoor seating at the Company’s restaurants. Fair Value of Financial Instruments — The carrying amount of cash and cash equivalents, receivables, accounts payable and accrued expenses approximate fair value due to the immediate or short-term maturity of these financial instruments. The fair values of notes receivable and payable are determined using current applicable rates for similar instruments as of the balance sheet date and approximate the carrying value of such debt instruments. Cash and Cash Equivalents — Cash and cash equivalents include cash on hand, deposits with banks and highly liquid investments with original maturities of three months or less. Outstanding checks in excess of account balances, typically vendor payments, payroll and other contractual obligations disbursed after the last day of a reporting period are reported as a current liability in the accompanying consolidated balance sheets. Concentrations of Credit Risk — Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents and accounts receivable. The Company reduces credit risk by placing its cash and cash equivalents with major financial institutions with high credit ratings. At times, such amounts may exceed Federally insured limits. Accounts receivable are primarily comprised of normal business receivables such as credit card receivables that are paid off in a short period of time and amounts due from the hotel operators where the Company has a location, and are recorded when the products or services have been delivered. The Company reviews the collectability of its receivables on an ongoing basis, and provides for an allowance when it considers the entity unable to meet its obligation. The concentration of credit risk with respect to accounts receivable is generally limited due to the short payment terms extended by the Company and the number of customers comprising the Company’s customer base. As of September 28, 2019, the Company had accounts receivable balances due from one hotel operator totaling 34% of total accounts receivable. As of September 29, 2018, the Company had accounts receivable balances due from two hotel operators totaling 47% of total accounts receivable. For the years ended September 28, 2019 and September 29, 2018, the Company made purchases from one vendor that accounted for 12% and 10% of total purchases, respectively. As of September 28, 2019, all debt outstanding is with one lender (see Note 9 – Notes Payable – Bank). Inventories — Inventories are stated at the lower of cost (first-in, first-out) or net realizable value, and consist of food and beverages, merchandise for sale and other supplies. Fixed Assets — Fixed assets are stated at cost less accumulated depreciation and amortization. Depreciation is determined using the straight-line method over the estimated useful lives of the assets. Estimated lives range from three The Company includes in construction in progress improvements to restaurants that are under construction or are undergoing substantial renovations. Once the projects have been completed, the Company begins depreciating and amortizing the assets. Start-up costs incurred during the construction period of restaurants, including rental of premises, training and payroll, are expensed as incurred. Intangible Assets — Intangible assets consist principally of purchased leasehold rights, operating rights and covenants not to compete. Costs associated with acquiring leases and subleases, principally purchased leasehold rights, and operating rights have been capitalized and are being amortized on the straight-line method based upon the initial terms of the applicable lease agreements. Covenants not to compete arising from restaurant acquisitions are amortized over the contractual period, typically five years. Long-lived Assets — Long-lived assets, such as property, plant and equipment, and purchased intangibles subject to amortization, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. In the evaluation of the fair value and future benefits of long-lived assets, the Company performs an analysis of the anticipated undiscounted future net cash flows of the related long-lived assets. If the carrying value of the related asset exceeds the undiscounted cash flows, the carrying value is reduced to its fair value. Various factors including estimated future sales growth and estimated profit margins are included in this analysis. Based on this analysis, no impairment charges were warranted at September 29, 2018. See Notes 4 and 6 for information regarding impairment charges for the year ended September 28, 2019. Goodwill and Trademarks — Goodwill and trademarks are not amortized, but are subject to impairment analysis. We assess the potential impairment of goodwill and trademarks annually (at the end of our fourth quarter) and on an interim basis whenever events or changes in circumstances indicate that the carrying value may not be recoverable. If we determine through the impairment review process that goodwill or trademarks are impaired, we record an impairment charge in our consolidated statements of income. Such impairment analyses for goodwill requires a comparison of the fair value of the Company’s equity to the carrying amount of goodwill since the Company operates in one segment. At September 28, 2019 and September 29, 2018, the Company performed qualitative assessments of factors to determine whether further impairment testing of goodwill was required. Based on this assessment, no impairment losses were warranted at September 28, 2019 and September 29, 2018 as the fair value of the Company’s equity is well in excess of its carrying amount. Qualitative factors considered in this assessment included industry and market considerations, overall financial performance and other relevant events, management expertise and stability at key positions. Additional impairment analyses at future dates may be performed to determine if indicators of impairment are present, and if so, such amount will be determined and the associated charge will be recorded to the consolidated statements of income. Our impairment analysis for trademarks consists of a comparison of the fair value to the carrying value of the assets. This comparison is made based on a review of historical, current and forecasted sales and profit levels, as well as a review of any factors that may indicate potential impairment. As of December 29, 2018, the Company recorded an impairment charge of $721,000 related to its Durgin-Park trademark (see Note 4). For the years ended September 28, 2019 and September 29, 2018, our impairment analysis did not result in any other charges related to trademarks. Investments – Each reporting period, the Company reviews its investments in equity and debt securities, except for those classified as trading, to determine whether a significant event or change in circumstances has occurred that may have an adverse effect on the fair value of such investment. When such events or changes occur, the Company evaluates the fair value compared to cost basis in the investment. For investments in non-publicly traded companies, management’s assessment of fair value is based on valuation methodologies including discounted cash flows, estimates of sales proceeds, and appraisals, as appropriate. The Company considers the assumptions that it believes hypothetical marketplace participants would use in evaluating estimated future cash flows when employing the discounted cash flow or estimates of sales proceeds valuation methodologies. In the event the fair value of an investment declines below the Company’s cost basis, management is required to determine if the decline in fair value is other than temporary. If management determines the decline is other than temporary, an impairment charge is recorded. Management’s assessment as to the nature of a decline in fair value is based on, among other things, the length of time and the extent to which the market value has been less than the cost basis; the financial condition and near-term prospects of the issuer; and the Company’s intent and ability to retain the investment for a period of time sufficient to allow for any anticipated recovery in market value. Leases — The Company recognizes rent expense on a straight-line basis over the expected lease term, including option periods as described below. Within the provisions of certain leases there are escalations in payments over the base lease term, as well as renewal periods. The effects of the escalations have been reflected in rent expense on a straight-line basis over the expected lease term, which includes option periods when it is deemed to be reasonably assured that the Company would incur an economic penalty for not exercising the option. Tenant allowances are included in the straight-line calculations and are being deferred over the lease term and reflected as a reduction in rent expense. Percentage rent expense is generally based upon sales levels and is expensed as incurred. Certain leases include both base rent and percentage rent. The Company records rent expense on these leases based upon reasonably assured sales levels. The consolidated financial statements reflect the same lease terms for amortizing leasehold improvements as were used in calculating straight-line rent expense for each restaurant. The judgments of the Company may produce materially different amounts of amortization and rent expense than would be reported if different lease terms were used. Revenue Recognition — The Company recognizes revenue when it satisfies a performance obligation by transferring control over a product or service to a restaurant guest or other customer. Revenues from restaurant operations are presented net of discounts, coupons, employee meals and complimentary meals and recognized when food, beverage and retail products are sold. Sales tax collected from customers is excluded from sales and the obligation is included in sales tax payable until the taxes are remitted to the appropriate taxing authorities. Catering service revenue is generated through contracts with customers whereby the customer agrees to pay a contract rate for the service. Revenues from catered events are recognized in income upon satisfaction of the performance obligation (the date the event is held). All customer payments, including nonrefundable upfront deposits, are deferred as a liability until such time. The Company recognized $13,817,000 and $12,878,000 in catering services revenue for the years ended September 28, 2019 and September 29, 2018, respectively. Unearned revenue which is included in accrued expenses and other current liabilities on the consolidated balance sheets as of September 28, 2019 and September 29, 2018 was $4,549,000 and $4,439,000, respectively. Revenues from gift cards are deferred and recognized upon redemption. Deferrals are not reduced for potential non-use as we generally have a legal obligation to remit the value of unredeemed gift cards to the relevant jurisdictions in which they are sold. As of September 28, 2019 and September 29, 2018, the total liability for gift cards in the amounts of approximately $203,000 and $170,000, respectively, are included in accrued expenses and other current liabilities in the consolidated balance sheets. Other revenues include purchase service fees which represent commissions earned by a subsidiary of the Company for providing services to other restaurant groups, as well as license fees, property management fees and other rentals. Occupancy Expenses — Occupancy expenses include rent, rent taxes, real estate taxes, insurance and utility costs. Defined Contribution Plan — The Company offers a defined contribution savings plan (the “Plan”) to all of its full-time employees. Eligible employees may contribute pre-tax amounts to the Plan subject to the Internal Revenue Code limitations. Company contributions to the Plan are at the discretion of the Board of Directors. During the years ended September 28, 2019 and September 29, 2018, the Company did not make any contributions to the Plan. Income Taxes — Income taxes are accounted for under the asset and liability method whereby deferred tax assets and liabilities are recognized for future tax consequences attributable to the temporary differences between the financial statement carrying amounts of assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the period that includes the enactment date. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. The Company has recorded a liability for unrecognized tax benefits resulting from tax positions taken, or expected to be taken, in an income tax return. It is the Company’s policy to recognize interest and penalties related to uncertain tax positions as a component of income tax expense. Uncertain tax positions are evaluated and adjusted as appropriate, while taking into account the progress of audits of various taxing jurisdictions. Non-controlling interests relating to the income or loss of consolidated partnerships includes no provision for income taxes as any tax liability related thereto is the responsibility of the individual minority investors. Income Per Share of Common Stock — Basic net income per share is calculated on the basis of the weighted average number of common shares outstanding during each period. Diluted net income per share reflects the additional dilutive effect of potentially dilutive shares (principally those arising from the assumed exercise of stock options). The dilutive effect of stock options is reflected in diluted earnings per share by application of the treasury stock method. Under the treasury stock method, if the average market price of a share of common stock increases above the option’s exercise price, the proceeds that would be assumed to be realized from the exercise of the option would be used to acquire outstanding shares of common stock. The dilutive effect of awards is directly correlated with the fair value of the shares of common stock. Stock-based Compensation — Stock-based compensation represents the cost related to stock-based awards granted to employees and non-employee directors. The Company measures stock-based compensation at the grant date based on the estimated fair value of the award and recognize the cost (net of estimated forfeitures) as compensation expense on a straight-line basis over the requisite service period. Upon exercise of options, all excess tax benefits and tax deficiencies resulting from the difference between the deduction for tax purposes and the stock-based compensation cost recognized for financial reporting purposes are included as a component of income tax expense. Recently Adopted Accounting Standards — In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers, and issued subsequent amendments to the initial guidance to provide additional clarification on specific topics (“ASC 606”). This ASU provides a comprehensive new revenue recognition model that requires a company to recognize revenue to depict the transfer of goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. The Company adopted ASC 606 using the modified retrospective method on September 30, 2018 and, based on our evaluation of our revenue streams, determined that there was not a material impact as of the date of adoption between the new revenue standard and how we previously recognized revenue, and therefore the adoption did not have a material impact on our consolidated financial statements. In January 2016, FASB issued ASU No. 2016-01, Financial Instruments – Overall: Recognition and Measurement of Financial Assets and Financial Liabilities. The guidance requires equity investments in unconsolidated entities (other than those accounted for using the equity method of accounting) to be measured at fair value with changes in fair value recognized in net income. The amendments in this update also simplified the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment, eliminate the requirement for public business entities to disclose the method and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet and require these entities to use the exit price notion when measuring fair value of financial instruments for disclosure purposes. This guidance also changes the presentation and disclosure requirements for financial instruments as well as clarifying the guidance related to valuation allowance assessments when recognizing deferred tax assets resulting from unrealized losses on available-for-sale debt securities. The Company adopted this guidance in the first quarter of fiscal 2019 with respect to its investment in New Meadowlands Racetrack (see Note 5). Such adoption did not have a material impact on our consolidated financial statements. In August 2016, FASB issued ASU No. 2016-15, Classification of Certain Cash Receipts and Cash Payments. This update provides clarification regarding how certain cash receipts and cash payments are presented and classified in the statement of cash flows and addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice. The Company adopted this guidance in the first quarter of fiscal 2019. Such adoption did not have a material impact on our consolidated financial statements. In October 2016, the FASB issued ASU No. 2016-16, Income Taxes: Intra-Entity Transfers of Assets Other than Inventory. The amendments in this guidance address the income tax consequences of intra-entity transfers of assets other than inventory. Current guidance prohibits the recognition of current and deferred income taxes for an intra-entity asset transfer until the asset has been sold to an outside party. In addition, interpretations of this guidance have developed in practice over the years for transfers of certain intangible and tangible assets. The amendments in the update will require recognition of current and deferred income taxes resulting from an intra-entity transfer of an asset other than inventory when the transfer occurs. The Company adopted this guidance in the first quarter of fiscal 2019. Such adoption did not have a material impact on our consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-01, Business Combinations: Clarifying the Definition of a Business. This update provides that when substantially all the fair value of the assets acquired is concentrated in a single identifiable asset or a group of similar identifiable assets, the set is not a business. The Company adopted this guidance in the first quarter of fiscal 2019. Such adoption did not have a material impact on our consolidated financial statements. New Accounting Standards Not Yet Adopted — In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842), which will require lessees to recognize assets and liabilities for leases with lease terms of more than 12 months. Consistent with current GAAP, the recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee primarily will depend on its classification as a finance or operating lease. however, unlike current GAAP, which requires only capital leases to be recognized on the balance sheet, the new guidance will require both types of leases to be recognized on the balance sheet. This guidance is effective for interim and annual periods beginning after December 15, 2018, with early adoption permitted. In August 2018, the FASB issued ASU No. 2018-11, Leases (Topic 842): Targeted Improvements, which permits adoption of the guidance in ASU 2016-02 using either a modified retrospective transition, requiring application at the beginning of the earliest comparative period presented or a transition method whereby companies could continue to apply existing lease guidance during the comparative periods and apply the new lease requirements through a cumulative-effect adjustment in the period of adoption rather than in the earliest period presented without adjusting historical financial statements. The Company will adopt the new standard on September 29, 2019 and use the effective date of initial application. Consequently, financial information will not be updated and the disclosures required under the new standard will not be provided for dates and periods before September 29, 2019. The new standard provides a number of optional practical expedients in transition. The Company expects to elect the "package of expedients", which permits the Company not to reassess under the new standard the Company's prior conclusions about lease identification and initial direct costs. The Company does not expect to elect the use of hindsight or the practical expedient pertaining to land easements, the latter not being applicable to the Company. The new standard also provides practical expedients for the Company's ongoing accounting. The Company currently expect to elect the short-term lease recognition exemption for all leases that qualify. This means, for those leases that qualify, the Company will not recognize right-of-use assets or lease liabilities, and this includes not recognizing right-of-use assets or lease liabilities for existing short-term leases of those assets in transition. The Company expects the most significant change will be related to the recognition of right-of-use assets and lease liabilities on the Company's balance sheet for real estate operating leases. As a result of the adoption of this guidance, the Company anticipates that it will record right-of-use assets and lease liabilities ranging from $52,000,000 to $56,000,000 primarily related to its real estate operating leases. The Company also expects that the adoption of this guidance will result in additional lease-related disclosures in the footnotes to its consolidated financial statements. In June 2018, the FASB issued ASU 2018-07, Compensation - Stock Compensation (Topic 718): Improvements to Non-employee Share-Based Payment Accounting, which simplifies the accounting for share-based payments granted to non-employees for goods and services. Under this ASU, the guidance on share-based payments to non-employees would be aligned with the requirements for share-based payments granted to employees, with certain exceptions. This ASU is effective for fiscal years beginning after December 15, 2018, and interim periods within those years. The adoption of this standard is not expected to result in a material impact to the Company’s consolidated financial statements.

CONSOLIDATION OF VARIABLE INTER

CONSOLIDATION OF VARIABLE INTEREST ENTITIES	12 Months Ended
CONSOLIDATION OF VARIABLE INTEREST ENTITIES	Sep. 28, 2019
Variable Interest Entities [Abstract]
CONSOLIDATION OF VARIABLE INTEREST ENTITIES	CONSOLIDATION OF VARIABLE INTEREST ENTITIES The Company consolidates any variable interest entities in which it holds a variable interest and is the primary beneficiary. Generally, a variable interest entity, or VIE, is an entity with one or more of the following characteristics: (a) the total equity investment at risk is not sufficient to permit the entity to finance its activities without additional subordinated financial support; (b) as a group the holders of the equity investment at risk lack (i) the ability to make decisions about an entity’s activities through voting or similar rights, (ii) the obligation to absorb the expected losses of the entity, or (iii) the right to receive the expected residual returns of the entity; or (c) the equity investors have voting rights that are not proportional to their economic interests and substantially all of the entity’s activities either involve, or are conducted on behalf of, an investor that has disproportionately few voting rights. The primary beneficiary of a VIE is generally the entity that has (a) the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance, and (b) the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE. The Company has determined that it is the primary beneficiary of three VIEs and, accordingly, consolidates the financial results of these entities. Following are the required disclosures associated with the Company’s consolidated VIEs: September 28, September 29, (in thousands) Cash and cash equivalents $ 170 $ 181 Accounts receivable 219 354 Inventories 41 19 Prepaid and refundable income taxes 254 241 Prepaid expenses and other current assets 12 51 Due from Ark Restaurants Corp. and affiliates (1) 392 338 Fixed assets - net 236 — Other assets 82 82 Total assets $ 1,406 $ 1,266 Accounts payable - trade $ 65 $ 158 Accrued expenses and other current liabilities 440 348 Operating lease deferred credit (30) (21) Total liabilities 475 485 Equity of variable interest entities 931 781 Total liabilities and equity $ 1,406 $ 1,266 (1) Amounts due from Ark Restaurants Corp. and affiliates are eliminated upon consolidation. The liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company’s general assets; rather, they represent claims against the specific assets of the consolidated VIEs. Conversely, assets recognized as a result of consolidating these VIEs do not represent additional assets that could be used to satisfy claims against the Company’s general assets.

RECENT RESTAURANT EXPANSION AND

RECENT RESTAURANT EXPANSION AND OTHER DEVELOPMENTS	12 Months Ended
RECENT RESTAURANT EXPANSION AND OTHER DEVELOPMENTS	Sep. 28, 2019
Business Combinations [Abstract]
Recent Restaurant Expansion And Other Developments	RECENT RESTAURANT EXPANSION AND OTHER DEVELOPMENTS On May 15, 2019, the Company, through a newly formed, wholly-owned subsidiary, acquired the assets of JB's on the Beach , a restaurant and bar located in Deerfield Beach, Florida for $7,036,000. The acquisition is accounted for as a business combination and was financed with a bank loan from the Company’s existing lender in the amount of $7,000,000 and cash from operations. The fair values of the assets acquired, none of which are amortizable, were allocated as follows (amounts in thousands): Cash $ 11 Inventory 80 Furniture, fixtures and equipment 200 Trademarks 1,110 Goodwill 5,690 Liabilities assumed (55) $ 7,036 Goodwill recognized in connection with this transaction represents the residual amount of the purchase price over separately identifiable intangible assets and is expected to be deductible for tax purposes. Concurrent with the acquisition, the Company entered into a 20 year lease (with a five JB's on the Beach , who is also the owner of the underlying real estate. Rent payments under the lease are $600,000 per year with 10% increases every five years. The consolidated statements of income for the year ended September 28, 2019 includes revenues and operating losses of approximately $3,380,000 and ($122,000), respectively, related to JB's on the Beach . The unaudited pro forma financial information set forth below is based upon the Company's historical consolidated statements of income for the years ended September 28, 2019 and September 29, 2018 and includes the results of operations for JB's on the Beach for the periods prior to acquisition. The unaudited pro forma financial information, which has been adjusted for rent payments under the lease discussed above as well as interest expense of the term loan, is presented for informational purposes only and may not be indicative of what actual results of operations would have been had the acquisition of JB's on the Beach occurred on the dates indicated, nor does it purport to represent the results of operations for future periods (amounts in thousands, except per share amounts). Year Ended Year Ended September 28, September 29, (unaudited) (unaudited) Total revenues $ 170,132 $ 171,219 Net income $ 3,336 $ 5,384 Net income per share - basic $ 0.96 $ 1.57 Net income per share - diluted $ 0.94 $ 1.52 During 2019, the Company was advised by the landlord of our food court at the Hard Rock Casino and Hotel in Hollywood, Florida that they were exercising their right to relocate our space, at their sole cost, as contractually agreed to in the original lease. The new facilities were completed on September 16, 2019 on which date we closed our existing location and opened the new facilities. The Company recorded the value of the renovations made by the landlord, which includes leasehold improvements and furniture, fixtures and equipment, in the amount of $5,474,000 with a corresponding increase in deferred rent. The net book value of the existing leasehold improvements relating to the original location in the amount of $918,000 is being reflected as a reduction of deferred rent on a straight-line basis over the remaining lease term. During 2019, the Company was advised by the landlord of our food court at the Hard Rock Casino and Hotel in Tampa, Florida that they were exercising their right to renovate the front of the house space, at their sole cost, as contractually agreed to in the original lease. In connection with this renovation we closed our existing facilities on June 2, 2019 and re-opened the renovated facilities on September 28, 2019. The Company recorded the value of the renovations made by the landlord, which includes leasehold improvements and furniture, fixtures and equipment, in the amount of $3,179,000 with a corresponding increase in deferred rent. The net book value of the existing leasehold improvements relating to the original location in the amount of $459,000 is being reflected as a reduction of deferred rent on a straight-line basis over the remaining lease term.

RECENT RESTAURANT DISPOSITIONS

RECENT RESTAURANT DISPOSITIONS	12 Months Ended
RECENT RESTAURANT DISPOSITIONS	Sep. 28, 2019
Recent Restaurant Dispositions [Abstract]
RECENT RESTAURANT DISPOSITIONS	RECENT RESTAURANT DISPOSITIONS As of December 29, 2018, the Company determined that it would not be able to operate Durgin-Park profitably due to decreased traffic at the Faneuil Hall Marketplace in Boston, MA, where it was located, and rising labor costs. As a result,

INVESTMENT IN AND RECEIVABLE FR

INVESTMENT IN AND RECEIVABLE FROM NEW MEADOWLANDS RACETRACK	12 Months Ended
INVESTMENT IN AND RECEIVABLE FROM NEW MEADOWLANDS RACETRACK	Sep. 28, 2019
ASU 2016-01 Transition [Abstract]
INVESTMENT IN AND RECEIVABLE FROM NEW MEADOWLANDS RACETRACK	INVESTMENT IN AND RECEIVABLE FROM NEW MEADOWLANDS RACETRACK On March 12, 2013, the Company made a $4,200,000 investment in the New Meadowlands Racetrack LLC (“NMR”) through its purchase of a membership interest in Meadowlands Newmark, LLC, an existing member of NMR with a then 63.7% ownership interest. On November 19, 2013, the Company invested an additional $464,000 in NMR through a purchase of an additional membership interest in Meadowlands Newmark, LLC resulting in a total ownership of 11.6% of Meadowlands Newmark, LLC, and an effective ownership interest in NMR of 7.4%, subject to dilution. In 2015, the Company invested an additional $222,000 in NMR and on February 7, 2017, the Company invested an additional $222,000 in NMR, both as a result of capital calls, bringing its total investment to $5,108,000 with no change in ownership. As of September 29, 2018, this investment was accounted for based on the cost method. As of September 30, 2018, the Company elected to account for this investment at cost, less impairment, adjusted for subsequent observable price changes in accordance with ASU No. 2016-01. Such change did not affect the value of our investment in NMR as no events or changes in circumstances occurred during the year ended September 28, 2019 that would indicate impairment and there are no observable prices for this investment. Any future changes in the carrying value of our Investment in NMR will be reflected in earnings. In addition to the Company’s ownership interest in NMR through Meadowlands Newmark, LLC, if casino gaming is approved at the Meadowlands and NMR is granted the right to conduct said gaming, neither of which can be assured, the Company shall be granted the exclusive right to operate the food and beverage concessions in the gaming facility with the exception of one restaurant. In conjunction with this investment, the Company, through a 97% owned subsidiary, Ark Meadowlands LLC (“AM VIE”), also entered into a long-term agreement with NMR for the exclusive right to operate food and beverage concessions serving the new raceway facilities (the “Racing F&B Concessions”) located in the new raceway grandstand constructed at the Meadowlands Racetrack in northern New Jersey. Under the agreement, NMR is responsible to pay for the costs and expenses incurred in the operation of the Racing F&B Concessions, and all revenues and profits thereof inure to the benefit of NMR. AM VIE receives an annual fee equal to 5% of the net profits received by NMR from the Racing F&B Concessions during each calendar year. AM VIE is a variable interest entity; however, based on qualitative consideration of the contracts with AM VIE, the operating structure of AM VIE, the Company’s role with AM VIE, and that the Company is not obligated to absorb expected losses of AM VIE, the Company has concluded that it is not the primary beneficiary and not required to consolidate the operations of AM VIE. The Company’s maximum exposure to loss as a result of its involvement with AM VIE is limited to a receivable from AM VIE’s primary beneficiary (NMR, a related party). As of September 28, 2019 and September 29, 2018, no amounts were due AM VIE by NMR. On April 25, 2014, the Company loaned $1,500,000 to Meadowlands Newmark, LLC. The note bears interest at 3%, compounded monthly and added to the principal, and is due in its entirety on January 31, 2024. The note may be prepaid, in whole or in part, at any time without penalty or premium. On July 13, 2016, the Company made an additional loan to Meadowlands Newmark, LLC in the amount of $200,000. Such amount is subject to the same terms and conditions as the original loan discussed above. The principal and accrued interest related to this note in the amounts of $1,713,000 and $1,928,000, are included in Investment In and Receivable From New Meadowlands Racetrack in the consolidated balance sheets at September 28, 2019 and September 29, 2018, respectively.

FIXED ASSETS

FIXED ASSETS	12 Months Ended
FIXED ASSETS	Sep. 28, 2019
Property, Plant and Equipment [Abstract]
FIXED ASSETS	FIXED ASSETS Fixed assets consist of the following: September 28, September 29, (in thousands) Land and building $ 18,029 $ 18,029 Leasehold improvements 53,570 53,310 Furniture, fixtures and equipment 38,207 37,910 Construction in progress — 59 109,806 109,308 Less: accumulated depreciation and amortization 62,025 64,044 Fixed Assets - Net $ 47,781 $ 45,264 Depreciation and amortization expense related to fixed assets for the years ended September 28, 2019 and September 29, 2018 was $5,056,000 and $5,014,000, respectively. Management continually evaluates unfavorable cash flows, if any, related to underperforming restaurants. Periodically it is concluded that certain properties have become impaired based on their existing and anticipated future economic outlook in their respective markets. In such instances, we may impair assets to reduce their carrying values to fair values. Estimated fair values of impaired properties are based on comparable valuations, cash flows and/or management judgment. As a result of the underperformance and increased competition at Clyde Frazier's Wine and Dine , the Company has recorded an impairment charge of $2,857,000 in fiscal 2019 related to this property.

INTANGIBLE ASSETS, GOODWILL AND

INTANGIBLE ASSETS, GOODWILL AND TRADEMARKS	12 Months Ended
INTANGIBLE ASSETS, GOODWILL AND TRADEMARKS	Sep. 28, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS, GOODWILL AND TRADEMARKS	INTANGIBLE ASSETS, GOODWILL AND TRADEMARKS Intangible assets consist of the following: September 28, September 29, (in thousands) Purchased leasehold rights (a) $ 2,395 $ 2,395 Noncompete agreements and other 253 253 2,648 2,648 Less accumulated amortization 2,345 2,299 Intangible Assets - Net $ 303 $ 349 (a) Purchased leasehold rights arose from acquiring leases and subleases of various restaurants. Amortization expense related to intangible assets for the years ended September 28, 2019 and September 29, 2018 was $46,000 and $60,000, respectively. Amortization expense for each of the next five years is expected to be $46,000. Goodwill is the excess of cost over fair market value of tangible and intangible net assets acquired. Goodwill is not presently amortized but tested for impairment annually or when the facts or circumstances indicate a possible impairment of goodwill as a result of a continual decline in performance or as a result of fundamental changes in a market. Trademarks, which have indefinite lives, are not currently amortized and are tested for impairment annually or when facts or circumstances indicate a possible impairment as a result of a continual decline in performance or as a result of fundamental changes in a market. The changes in the carrying amount of goodwill and trademarks for the years ended September 28, 2019 and September 29, 2018 are as follows: Goodwill Trademarks (in thousands) Balance as of September 30, 2017 $ 9,880 $ 3,331 Acquired during the year — — Impairment losses — — Balance as of September 29, 2018 9,880 3,331 Acquired during the year 5,690 1,110 Impairment losses (see Note 4) — (721) Balance as of September 28, 2019 $ 15,570 $ 3,720

ACCRUED EXPENSES AND OTHER CURR

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES	12 Months Ended
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES	Sep. 28, 2019
Disclosure Text Block Supplement [Abstract]
ACCRUED EXPENSES AND OTHER CURRENT LIABIITIES	ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES Accrued expenses and other current liabilities consist of the following: September 28, September 29, (in thousands) Sales tax payable $ 1,141 $ 820 Accrued wages and payroll related costs 2,942 3,226 Customer advance deposits 4,549 4,439 Accrued occupancy and other operating expenses 2,040 2,217 $ 10,672 $ 10,702

NOTES PAYABLE - BANK

NOTES PAYABLE - BANK	12 Months Ended
NOTES PAYABLE - BANK	Sep. 28, 2019
Notes Payable [Abstract]
NOTES PAYABLE - BANK	NOTES PAYABLE – BANK Long-term debt consists of the following: September 28, September 29, (in thousands) Promissory Note - Rustic Inn purchase $ 4,043 $ 4,327 Promissory Note - Shuckers purchase 4,675 5,015 Promissory Note - Oyster House purchase 4,728 5,346 Promissory Note - JB's on the Beach purchase 6,750 — Promissory Note - Sequoia renovation 3,086 — Revolving Facility 3,366 6,568 26,648 21,256 Less: Current maturities (2,701) (1,251) Less: Unamortized deferred financing costs (161) (145) Long-term debt $ 23,786 $ 19,860 On June 1, 2018, the Company refinanced its then existing indebtedness with its current lender, Bank Hapoalim B.M. (“BHBM”), by entering into an amended and restated credit agreement (the “Revolving Facility”), which expires on May 31, 2021. The Revolving Facility provides for total availability of the lesser of (i) $10,000,000 and (ii) $35,000,000 less the then aggregate amount of all indebtedness and obligations to BHBM. Borrowings under the Revolving Facility are payable upon maturity of the Revolving Facility with interest payable monthly at LIBOR plus 3.5%, subject to adjustment based on certain ratios. As of September 28, 2019 and September 29, 2018, borrowings of $3,366,000 and $6,568,000, respectively, were outstanding under the Revolving Facility and had a weighted average interest rate of 4.9% and 5.4%, respectively. In connection with the refinancing, the Company also amended the principal amounts and payment terms of its outstanding term notes with BHBM as follows: • Promissory Note – Rustic Inn purchase – On February 25, 2013, the Company issued a promissory note to BHBM for $3,000,000. The note bore interest at LIBOR plus 3.5% per annum, and was payable in 36 equal monthly installments of $83,333, commencing on March 25, 2013. On February 24, 2014, in connection with the acquisition of The Rustic Inn , the Company borrowed an additional $6,000,000 from BHBM under the same terms and conditions as the original loan which was consolidated with the remaining principal balance from the original borrowing at that date. The new loan was payable in 60 equal monthly installments of $134,722, which commenced on March 25, 2014. In connection with the above refinancing, this note was amended and restated and increased by $2,783,333 of credit facility borrowings. The new principal amount of $4,400,000, which is secured by a mortgage on The Rustic Inn real estate, is payable in 27 equal quarterly installments of $71,333, which commenced on September 1, 2018, with a balloon payment of $2,474,000 on June 1, 2025 and bears interest at LIBOR plus 3.5% per annum. • Promissory Note – Shuckers purchase – On October 22, 2015, in connection with the acquisition of Shuckers , the Company issued a promissory note to BHBM for $5,000,000. The note bore interest at LIBOR plus 3.5% per annum, and was payable in 60 equal monthly installments of $83,333, commencing on November 22, 2015. In connection with the above refinancing, this note was amended and restated and increased by $2,433,324 of credit facility borrowings. The new principal amount of $5,100,000, which is secured by a mortgage on the Shuckers real estate, is payable in 27 equal quarterly installments of $85,000, which commenced on September 1, 2018, with a balloon payment of $2,805,000 on June 1, 2025 and bears interest at LIBOR plus 3.5% per annum. • Promissory Note – Oyster House purchase – On November 30, 2016, in connection with the acquisition of the Oyster House properties, the Company issued a promissory note under the Revolving Facility to BHBM for $8,000,000. The note bore interest at LIBOR plus 3.5% per annum, and was payable in 60 equal monthly installments of $133,273, commencing on January 1, 2017. In connection with the above refinancing, this note was amended and restated and separated into two notes. The first note, in the principal amount of $3,300,000, is secured by a mortgage on the Oyster House Gulf Shores real estate, is payable in 19 equal quarterly installments of $117,857, which commenced on September 1, 2018, with a balloon payment of $1,060,716 on June 1, 2023 and bears interest at LIBOR plus 3.5% per annum. The second note, in the principal amount of $2,200,000, is secured by a mortgage on the Oyster House Spanish Fort real estate, is payable in 27 equal quarterly installments of $36,667, which commenced on September 1, 2018, with a balloon payment of $1,210,000 on June 1, 2025 and bears interest at LIBOR plus 3.5% per annum. • Promissory Note - JB's on the Beach purchase – On May 15, 2019, in connection with the previously discussed acquisition of JB’s on the Beach , the Company issued a promissory note under the Revolving Facility to BHBM for $7,000,000 which is payable in 23 equal quarterly installments of $250,000, commencing on September 1, 2019, with a balloon payment of $1,250,000 on June 1, 2025 and bears interest at LIBOR plus 3.5% per annum. • Promissory Note - Sequoia renovation – Also on May 15, 2019, the Company converted $3,200,000 of Revolving Facility borrowings incurred in connection with the Sequoia renovation to a promissory note which is payable in 23 equal quarterly installments of $114,286, commencing on September 1, 2019, with a balloon payment of $571,429 on June 1, 2025 and bears interest at LIBOR plus 3.5% per annum. Deferred financing costs incurred in connection with the Revolving Facility in the amount of $207,000 are being amortized over the life of the agreements on a straight-line basis and are included in interest expense. Amortization expense was $35,000 and $21,000 for the years ended September 28, 2019 and September 29, 2018, respectively. Borrowings under the Revolving Facility, which include all of the above promissory notes, are secured by all tangible and intangible personal property (including accounts receivable, inventory, equipment, general intangibles, documents, chattel paper, instruments, letter-of-credit rights, investment property, intellectual property and deposit accounts) and fixtures of the Company. The loan agreements provide, among other things, that the Company meet minimum quarterly tangible net worth amounts, as defined, maintain a fixed charge coverage ratio of not less than 1.1:1 and minimum annual net income amounts, and contain customary representations, warranties and affirmative covenants. The agreements also contain customary negative covenants, subject to negotiated exceptions, on liens, relating to other indebtedness, capital expenditures, liens, affiliate transactions, disposal of assets and certain changes in ownership. The Company was in compliance with all of its financial covenants under the Revolving Facility as of September 28, 2019. As of September 28, 2019, the aggregate amounts of notes payable maturities (excluding borrowings under the Revolving Facility) are as follows: 2020 $ 2,701 2021 2,701 2022 2,701 2023 3,526 2024 2,229

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
COMMITMENTS AND CONTINGENCIES	Sep. 28, 2019
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Leases — The Company leases its restaurants, bar facilities, and administrative headquarters through its subsidiaries under terms expiring at various dates through 2033. Most of the leases provide for the payment of base rents plus real estate taxes, insurance and other expenses and, in certain instances, for the payment of a percentage of the restaurants’ sales in excess of stipulated amounts at such facility and in one instance based on profits. As of September 28, 2019, future minimum lease payments under non-cancelable leases are as follows: Amount Fiscal Year (in thousands) 2020 $ 9,570 2021 9,553 2022 9,654 2023 8,022 2024 7,197 Thereafter 33,487 Total minimum payments $ 77,483 In connection with certain of the leases included in the table above, the Company obtained and delivered irrevocable letters of credit in the aggregate amount of approximately $388,000 as security deposits under such leases. Rent expense was approximately $13,879,000 and $14,649,000 for the years ended September 28, 2019 and September 29, 2018, respectively. Contingent rentals, included in rent expense, were approximately $5,336,000 and $5,454,000 for the years ended September 28, 2019 and September 29, 2018, respectively. Legal Proceedings — In the ordinary course its business, the Company is a party to various lawsuits arising from accidents at its restaurants and workers’ compensation claims, which are generally handled by the Company’s insurance carriers. The employment by the Company of management personnel, waiters, waitresses and kitchen staff at a number of different restaurants has resulted in the institution, from time to time, of litigation alleging violation by the Company of employment discrimination laws. Management believes, based in part on the advice of counsel, that the ultimate resolution of these matters will not have a material adverse effect on the Company’s consolidated financial position, results of operations or cash flows. On May 1, 2018, two former tipped service workers (the “Plaintiffs”), individually and on behalf of all other similarly situated personnel, filed a putative class action lawsuit (the “Complaint”) against the Company and certain subsidiaries as well as certain officers of the Company (the “Defendants”). Plaintiffs allege, on behalf of themselves and the putative class, that the Company violated certain of the New York State Labor Laws and related regulations. The Complaint seeks unspecified money damages, together with interest, liquidated damages and attorney fees. There has been no discovery on the merits of the Complaint and the matter is still in the initial stages of discovery concerning whether the named Plaintiffs are seeking to represent an appropriate class of tipped service workers and, if so, whether the named Plaintiffs are appropriate class representatives. The Company's Motion to Dismiss the Complaint was denied on June 27, 2019. The Company believes that the allegations and claims in the Complaint are without merit, and it intends to defend itself vigorously in this litigation. However, the outcomes of legal actions are unpredictable and subject to significant uncertainties, and thus it is

STOCK OPTIONS

STOCK OPTIONS	12 Months Ended
STOCK OPTIONS	Sep. 28, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
STOCK OPTIONS	STOCK OPTIONS The Company has options outstanding under two stock option plans: the 2010 Stock Option Plan (the “2010 Plan”) and the 2016 Stock Option Plan (the “2016 Plan”). Options granted under both plans are exercisable at prices at least equal to the fair market value of such stock on the dates the options were granted and expire ten years after the date of grant. On August 10, 2018, options to purchase 5,000 shares of common stock were granted at an exercise price of $20.36 per share and on September 4, 2018, options to purchase 20,000 shares of common stock were granted at an exercise price of $22.30 per share. Both grants are exercisable as to 50% of the shares commencing on the date of grant and as to an additional 50% commencing on the first anniversary of the date of grant. Such options had an aggregate grant date fair value of $3.46 per share and $3.82 per share, respectively and totaled approximately $94,000. During the year ended September 28, 2019, options to purchase 23,000 shares of common stock at an exercise price of $19.61 per share were granted to employees of the Company. Such options are exercisable as to 50% of the shares commencing on the date of grant and as to an additional 50% commencing on the first anniversary of the date of grant. Such options had an aggregate grant date fair value of $3.48 per share and totaled approximately $80,000. During the year ended September 28, 2019, options to purchase 11,000 shares of common stock at an exercise price of $20.18 per share were granted to employees of the Company. Such options are exercisable as to 25% of the shares commencing on the first anniversary of the date of grant and 25% on the second, third and fourth anniversary thereof. Such options had an aggregate grant date fair value of $3.55 per share and totaled approximately $39,000. During the year ended September 28, 2019, options to purchase 19,500 shares of common stock with a strike price of $12.04 were exercised on a net issue basis as provided in the 2010 Plan. Accordingly, 11,774 shares were immediately repurchased and retired from treasury. The Company generally issues new shares upon the exercise of employee stock options. The fair value of each of the Company’s stock options is estimated on the date of grant using a Black-Scholes option-pricing model that uses assumptions that relate to the expected volatility of the Company’s common stock, the expected dividend yield of the Company’s stock, the expected life of the options and the risk free interest rate. The assumptions used for the 2019 grants include a risk free interest rate of 2.52% -2.61%, volatility of 30.6%, a dividend yield of 5.1% and an expected life of 10 years. The assumptions used for the 2018 grants include a risk free interest rate of 2.87% - 2.90%, volatility of 30.7%, a dividend yield of 5.6% and an expected life of 10 years. During the year ended September 28, 2019, options to purchase 8,750 shares of common stock at a weighted average price of $18.76 per share expired unexercised or were forfeited. During the year ended September 29, 2018, options to purchase 26,050 shares of common stock at an exercise price of $18.60 per share expired unexercised. The following table summarizes stock option activity under all plans: 2019 2018 Shares Weighted Weighted Aggregate Shares Weighted Aggregate Outstanding, beginning of 378,750 $ 18.46 4.8 years 421,800 $ 17.86 Options: Granted 34,000 $ 19.79 25,000 $ 21.91 Exercised (40,500) $ 12.42 (42,000) $ 14.39 Canceled or expired (8,750) $ 18.76 (26,050) $ 18.60 Outstanding and expected to 363,500 $ 19.25 4.7 years $ 807,000 378,750 $ 18.46 $ 1,824,400 Exercisable, end of period 328,500 $ 19.11 4.2 years $ 797,000 366,250 $ 18.35 $ 1,807,300 Shares available for future 441,000 475,000 Compensation cost charged to operations for the years ended September 28, 2019 and September 29, 2018 for share-based compensation programs was approximately $112,000 and $47,000, respectively. The compensation cost recognized is classified as a general and administrative expense in the consolidated statements of income. As of September 28, 2019, there was approximately $53,000 of unrecognized compensation cost related to unvested stock options, which is expected to be recognized over a period of 3.5 years. The following table summarizes information about stock options outstanding as of September 28, 2019: Options Outstanding Options Exercisable Range of Exercise Prices Number of Weighted Weighted Number of Weighted Weighted $14.40 132,500 $ 14.40 2.7 132,500 $ 14.40 2.7 $22.50 172,000 $ 22.50 4.7 172,000 $ 22.50 4.7 $19.61 - $22.30 59,000 $ 20.69 9.2 24,000 $ 20.81 9.1 363,500 $ 19.25 4.7 328,500 $ 19.11 4.2 The Company also maintains a Section 162(m) Cash Bonus Plan. Under the Section 162(m) Cash Bonus Plan, compensation paid in excess of $1,000,000 to any employee who is the chief executive officer, or one of the three highest paid executive officers on the last day of that tax year (other than the chief executive officer or the chief financial officer) is not tax deductible.

INCOME TAXES

INCOME TAXES	12 Months Ended
INCOME TAXES	Sep. 28, 2019
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXESOn December 22, 2017, the U.S. government enacted comprehensive tax reform commonly referred to as the Tax Cuts and Jobs Act (“TCJA”). Under Accounting Standards Codification (“ASC”) 740, the effects of changes in tax rates and laws are recognized in the period in which the new legislation is enacted. The TCJA makes broad and complex changes to the U.S. tax code, including, but not limited to: (1) reducing the U.S. federal corporate tax rate from 35% to 21% effective January 1, 2018; (2) changing rules related to uses and limitations of net operating loss carryforwards created in tax years beginning after December 31, 2017; (3) accelerated expensing on certain qualified property; (4) creating a new limitation on deductible interest expense to 30% of tax adjusted EBITDA through 2021 and then 30% of tax adjusted EBIT thereafter; (5) eliminating the corporate alternative minimum tax; and (6) further limitations on the deductibility of executive compensation under IRC §162(m) for tax years beginning after December 31, 2017. As the reduction in the U.S. federal corporate tax rate is administratively effective on January 1, 2018, our blended U.S. federal tax rate for the year ended September 29, 2018 was approximately 24%. In connection with the TCJA, the Company recorded an income tax benefit of $1,382,000 related to the re-measurement of our deferred tax assets and liabilities for the reduced U.S. federal corporate tax rate of 21%. The Company’s accounting for the TCJA was complete as of September 29, 2018 with no significant differences from our provisional estimates. The provision for income taxes consists of the following: Year Ended September 28, September 29, (in thousands) Current provision (benefit): Federal $ 260 $ 30 State and local 267 320 527 350 Deferred provision (benefit): Federal (931) (798) State and local (187) (699) (1,118) (1,497) $ (591) $ (1,147) The effective tax rate differs from the U.S. income tax rate as follows: Year Ended September 28, September 29, (in thousands) Provision at Federal statutory rate (21% in 2019 and 24% in 2018) $ 393 $ 953 State and local income taxes, net of tax benefits (160) — Tax credits (1,029) (789) Income attributable to non-controlling interest 45 (102) Changes in tax rates 2 181 Impact of Federal tax reform — (1,382) Change in valuation allowance 81 (43) Other 77 35 $ (591) $ (1,147) Deferred income taxes reflect the net effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting and tax purposes. Significant components of the Company’s deferred tax assets and liabilities are as follows: September 28, September 29, (in thousands) Deferred tax assets: State net operating loss carryforwards $ 4,406 $ 4,141 Operating lease deferred credits 422 513 Deferred compensation 313 364 Tax credits 1,253 802 Partnership investments 347 — Other — 98 Deferred tax assets, before valuation allowance 6,741 5,918 Valuation allowance (392) (311) Deferred tax assets, net of valuation allowance 6,349 5,607 Deferred tax liabilities: Depreciation and amortization (2,049) (2,080) Partnership investments — (329) Prepaid expenses (194) (210) Deferred tax liabilities (2,243) (2,619) Net deferred tax assets $ 4,106 $ 2,988 In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income. In the assessment of the valuation allowance, appropriate consideration was given to all positive and negative evidence including recent operating profitability, forecasts of future earnings and the duration of statutory carryforward periods. The Company recorded a valuation allowance of $392,000 and $311,000 as of September 28, 2019 and September 29, 2018, respectively, attributable to state and local net operating loss carryforwards which are not realizable on a more-likely-than-not basis. During the year ended September 28, 2019, the Company’s valuation allowance increased by approximately $81,000 as the Company determined that certain state net operating losses became unrealizable on a more-likely-than-not basis. As of September 28, 2019, the Company had General Business Credit carryforwards of approximately $1,117,000 which expire through fiscal 2039. In addition, as of September 28, 2019, the Company has New York State net operating loss carryforwards of approximately $23,061,000 and New York City net operating loss carryforwards of approximately $21,576,000 that expire through fiscal 2039. A reconciliation of the beginning and ending amount of unrecognized tax benefits excluding interest and penalties is as follows: September 28, September 29, (in thousands) Balance at beginning of year $ 110 $ 152 Additions based on tax positions taken in current and prior years 407 125 Settlements (205) (167) Lapse in statute of limitations (109) — Decreases based on tax positions taken in prior years (45) — Balance at end of year $ 158 $ 110 The entire amount of unrecognized tax benefits if recognized would reduce our annual effective tax rate. For the years ended September 28, 2019 and September 29, 2018, the Company has $0 and $38,000, respectively, accrued for the payment of interest and penalties. The Company does not expect a significant change to its unrecognized tax benefits within the next 12 months. The Company files tax returns in the U.S. and various state and local jurisdictions with varying statutes of limitations. The 2016 through 2019 fiscal years remain subject to examination by the Internal Revenue Service and most state and local tax authorities.

INCOME PER SHARE OF COMMON STOC

INCOME PER SHARE OF COMMON STOCK	12 Months Ended
INCOME PER SHARE OF COMMON STOCK	Sep. 28, 2019
Earnings Per Share [Abstract]
INCOME PER SHARE OF COMMON STOCK	INCOME PER SHARE OF COMMON STOCK Basic earnings per share is computed by dividing net income attributable to Ark Restaurants Corp. by the weighted-average number of common shares outstanding for the period. Diluted earnings per share is computed similarly to basic earnings per share, except that it reflects the effect of common shares issuable upon exercise of stock options, using the treasury stock method in periods in which they have a dilutive effect. A reconciliation of shares used in calculating earnings per basic and diluted share follows: Year Ended September 28, September 29, (in thousands) Basic $ 3,479 $ 3,439 Effect of dilutive securities: Stock options 52 110 Diluted $ 3,531 $ 3,549 For the year ended September 28, 2019, the dilutive effect of options to purchase 208,000 shares of common stock at exercise prices ranging from $20.18 per share to $22.50 per share were not included in diluted earnings per share as their impact would have been anti-dilutive. For the year ended September 29, 2018, no options were excluded from diluted earnings per share as all were dilutive.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
RELATED PARTY TRANSACTIONS	Sep. 28, 2019
Related Party Transactions Excluding Stock Option Receivable [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS Employee receivables totaled approximately $414,000 and $386,000 at September 28, 2019 and September 29, 2018, respectively. Such amounts consist of loans that are payable on demand and bear interest at the minimum statutory rate (1.85% at September 28, 2019 and 1.63% at September 29, 2018). Prior to joining the Company on September 4, 2018, the Chief Financial Officer was a member of a firm that provided consulting services to the Company. Total fees billed by this firm were $0 and $303,000 for the years ended September 28, 2019 and September 29, 2018, respectively. The Company ceased utilizing the services of this firm upon hiring him as the Chief Financial Officer.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
SUBSEQUENT EVENTS	Sep. 28, 2019
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTSOn November 26, 2019, the Board of Directors declared a quarterly dividend of $0.25 per share on the Company’s common stock to be paid on January 7, 2020 to shareholders of record at the close of business on December 16, 2019.

Accounting Policies (Policies)

Accounting Policies (Policies)	12 Months Ended
Accounting Policies (Policies)	Sep. 28, 2019
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation — The accompanying consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and accounting principles generally accepted in the United States of America (“GAAP”). The Company’s reporting currency is the United States dollar. The Company had a working capital deficiency of $4,373,000 at September 28, 2019. We believe that our existing cash balances, current banking facilities and cash provided by operations will be sufficient to meet our liquidity and capital spending requirements at least through December 18, 2020.
Accounting Period	Accounting Period — The Company’s fiscal year ends on the Saturday nearest September 30. The fiscal years ended September 28, 2019 and September 29, 2018 included 52 weeks.
Use of Estimates	Use of Estimates — The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The accounting estimates that require management’s most difficult and subjective judgments include allowances for potential bad debts on receivables, the useful lives and recoverability of its assets, such as property and intangibles, fair values of financial instruments and share-based compensation, the realizable value of its tax assets and determining when investment impairments are other-than-temporary. Because of the uncertainty in such estimates, actual results may differ from these estimates.
Principles of Consolidation	Principles of Consolidation — The consolidated financial statements include the accounts of Ark Restaurants Corp. and all of its wholly-owned subsidiaries, partnerships and other entities in which it has a controlling interest. Also included in the consolidated financial statements are certain variable interest entities (“VIEs”). All significant intercompany balances and transactions have been eliminated in consolidation.
Non-Controlling Interests	Non-Controlling Interests — Non-controlling interests represent capital contributions, income and loss attributable to the shareholders of less than wholly-owned and consolidated entities.
Seasonality	Seasonality — The Company has substantial fixed costs that do not decline proportionally with sales. The first and second fiscal quarters, which include the winter months, usually reflect lower customer traffic than in the third and fourth fiscal quarters. However, sales in the third and fourth fiscal quarters can be adversely affected by inclement weather due to the significant amount of outdoor seating at the Company’s restaurants.
Fair Value of Financial Instruments	Fair Value of Financial Instruments — The carrying amount of cash and cash equivalents, receivables, accounts payable and accrued expenses approximate fair value due to the immediate or short-term maturity of these financial instruments. The
Cash and Cash Equivalents	Cash and Cash Equivalents — Cash and cash equivalents include cash on hand, deposits with banks and highly liquid investments with original maturities of three months or less. Outstanding checks in excess of account balances, typically vendor payments, payroll and other contractual obligations disbursed after the last day of a reporting period are reported as a current liability in the accompanying consolidated balance sheets.
Concentrations of Credit Risk	Concentrations of Credit Risk — Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents and accounts receivable. The Company reduces credit risk by placing its cash and cash equivalents with major financial institutions with high credit ratings. At times, such amounts may exceed Federally insured limits. Accounts receivable are primarily comprised of normal business receivables such as credit card receivables that are paid off in a short period of time and amounts due from the hotel operators where the Company has a location, and are recorded when the products or services have been delivered. The Company reviews the collectability of its receivables on an ongoing basis, and provides for an allowance when it considers the entity unable to meet its obligation. The concentration of credit risk with respect to accounts receivable is generally limited due to the short payment terms extended by the Company and the number of customers comprising the Company’s customer base. As of September 28, 2019, the Company had accounts receivable balances due from one hotel operator totaling 34% of total accounts receivable. As of September 29, 2018, the Company had accounts receivable balances due from two hotel operators totaling 47% of total accounts receivable. For the years ended September 28, 2019 and September 29, 2018, the Company made purchases from one vendor that accounted for 12% and 10% of total purchases, respectively. As of September 28, 2019, all debt outstanding is with one lender (see Note 9 – Notes Payable – Bank).
Inventories	Inventories — Inventories are stated at the lower of cost (first-in, first-out) or net realizable value, and consist of food and beverages, merchandise for sale and other supplies.
Fixed Assets	Fixed Assets — Fixed assets are stated at cost less accumulated depreciation and amortization. Depreciation is determined using the straight-line method over the estimated useful lives of the assets. Estimated lives range from three The Company includes in construction in progress improvements to restaurants that are under construction or are undergoing substantial renovations. Once the projects have been completed, the Company begins depreciating and amortizing the assets. Start-up costs incurred during the construction period of restaurants, including rental of premises, training and payroll, are expensed as incurred.
Intangible Assets	Intangible Assets — Intangible assets consist principally of purchased leasehold rights, operating rights and covenants not to compete. Costs associated with acquiring leases and subleases, principally purchased leasehold rights, and operating rights have been capitalized and are being amortized on the straight-line method based upon the initial terms of the applicable lease agreements. Covenants not to compete arising from restaurant acquisitions are amortized over the contractual period, typically five years.
Long-lived Assets	Long-lived Assets — Long-lived assets, such as property, plant and equipment, and purchased intangibles subject to amortization, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. In the evaluation of the fair value and future benefits of long-lived assets, the Company performs an analysis of the anticipated undiscounted future net cash flows of the related long-lived assets. If the carrying value of the related asset exceeds the undiscounted cash flows, the carrying value is reduced to its fair value. Various factors including estimated future sales growth and estimated profit margins are included in this analysis. Based on this analysis, no
Goodwill and Trademarks	Goodwill and Trademarks — Goodwill and trademarks are not amortized, but are subject to impairment analysis. We assess the potential impairment of goodwill and trademarks annually (at the end of our fourth quarter) and on an interim basis whenever events or changes in circumstances indicate that the carrying value may not be recoverable. If we determine through the impairment review process that goodwill or trademarks are impaired, we record an impairment charge in our consolidated statements of income. Such impairment analyses for goodwill requires a comparison of the fair value of the Company’s equity to the carrying amount of goodwill since the Company operates in one segment. At September 28, 2019 and September 29, 2018, the Company performed qualitative assessments of factors to determine whether further impairment testing of goodwill was required. Based on this assessment, no impairment losses were warranted at September 28, 2019 and September 29, 2018 as the fair value of the Company’s equity is well in excess of its carrying amount. Qualitative factors considered in this assessment included industry and market considerations, overall financial performance and other relevant events, management expertise and stability at key positions. Additional impairment analyses at future dates may be performed to determine if indicators of impairment are present, and if so, such amount will be determined and the associated charge will be recorded to the consolidated statements of income. Our impairment analysis for trademarks consists of a comparison of the fair value to the carrying value of the assets. This comparison is made based on a review of historical, current and forecasted sales and profit levels, as well as a review of any factors that may indicate potential impairment. As of December 29, 2018, the Company recorded an impairment charge of $721,000 related to its Durgin-Park trademark (see Note 4). For the years ended September 28, 2019 and September 29, 2018, our impairment analysis did not result in any other charges related to trademarks.
Investments	Investments – Each reporting period, the Company reviews its investments in equity and debt securities, except for those classified as trading, to determine whether a significant event or change in circumstances has occurred that may have an adverse effect on the fair value of such investment. When such events or changes occur, the Company evaluates the fair value compared to cost basis in the investment. For investments in non-publicly traded companies, management’s assessment of fair value is based on valuation methodologies including discounted cash flows, estimates of sales proceeds, and appraisals, as appropriate. The Company considers the assumptions that it believes hypothetical marketplace participants would use in evaluating estimated future cash flows when employing the discounted cash flow or estimates of sales proceeds valuation methodologies. In the event the fair value of an investment declines below the Company’s cost basis, management is required to determine if the decline in fair value is other than temporary. If management determines the decline is other than temporary, an impairment charge is recorded. Management’s assessment as to the nature of a decline in fair value is based on, among other things, the length of time and the extent to which the market value has been less than the cost basis; the financial condition and near-term prospects of the issuer; and the Company’s intent and ability to retain the investment for a period of time sufficient to allow for any anticipated recovery in market value.
Leases	Leases — The Company recognizes rent expense on a straight-line basis over the expected lease term, including option periods as described below. Within the provisions of certain leases there are escalations in payments over the base lease term, as well as renewal periods. The effects of the escalations have been reflected in rent expense on a straight-line basis over the expected lease term, which includes option periods when it is deemed to be reasonably assured that the Company would incur an economic penalty for not exercising the option. Tenant allowances are included in the straight-line calculations and are being deferred over the lease term and reflected as a reduction in rent expense. Percentage rent expense is generally based upon sales levels and is expensed as incurred. Certain leases include both base rent and percentage rent. The Company records rent expense on these leases based upon reasonably assured sales levels. The consolidated financial statements reflect the same lease terms for amortizing leasehold improvements as were used in calculating straight-line rent expense for each restaurant. The judgments of the Company may produce materially different amounts of amortization and rent expense than would be reported if different lease terms were used.
Revenue Recognition	Revenue Recognition — The Company recognizes revenue when it satisfies a performance obligation by transferring control over a product or service to a restaurant guest or other customer. Revenues from restaurant operations are presented net of discounts, coupons, employee meals and complimentary meals and recognized when food, beverage and retail products are sold. Sales tax collected from customers is excluded from sales and the obligation is included in sales tax payable until the taxes are remitted to the appropriate taxing authorities. Catering service revenue is generated through contracts with customers whereby the customer agrees to pay a contract rate for the service. Revenues from catered events are recognized in income upon satisfaction of the performance obligation (the date the event is held). All customer payments, including nonrefundable upfront deposits, are deferred as a liability until such time. The Company recognized $13,817,000 and $12,878,000 in catering services revenue for the years ended September 28, 2019 and September 29, 2018, respectively. Unearned revenue which is included in accrued expenses and other current liabilities on the consolidated balance sheets as of September 28, 2019 and September 29, 2018 was $4,549,000 and $4,439,000, respectively. Revenues from gift cards are deferred and recognized upon redemption. Deferrals are not reduced for potential non-use as we generally have a legal obligation to remit the value of unredeemed gift cards to the relevant jurisdictions in which they are sold. As of September 28, 2019 and September 29, 2018, the total liability for gift cards in the amounts of approximately $203,000 and $170,000, respectively, are included in accrued expenses and other current liabilities in the consolidated balance sheets. Other revenues include purchase service fees which represent commissions earned by a subsidiary of the Company for providing services to other restaurant groups, as well as license fees, property management fees and other rentals.
Occupancy Expenses	Occupancy Expenses — Occupancy expenses include rent, rent taxes, real estate taxes, insurance and utility costs.
Defined Contribution Plan	Defined Contribution Plan — The Company offers a defined contribution savings plan (the “Plan”) to all of its full-time employees. Eligible employees may contribute pre-tax amounts to the Plan subject to the Internal Revenue Code limitations. Company contributions to the Plan are at the discretion of the Board of Directors. During the years ended September 28, 2019 and September 29, 2018, the Company did not make any contributions to the Plan.
Income Taxes	Income Taxes — Income taxes are accounted for under the asset and liability method whereby deferred tax assets and liabilities are recognized for future tax consequences attributable to the temporary differences between the financial statement carrying amounts of assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the period that includes the enactment date. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. The Company has recorded a liability for unrecognized tax benefits resulting from tax positions taken, or expected to be taken, in an income tax return. It is the Company’s policy to recognize interest and penalties related to uncertain tax positions as a component of income tax expense. Uncertain tax positions are evaluated and adjusted as appropriate, while taking into account the progress of audits of various taxing jurisdictions. Non-controlling interests relating to the income or loss of consolidated partnerships includes no provision for income taxes as any tax liability related thereto is the responsibility of the individual minority investors.
Income Per Share of Common Stock	Income Per Share of Common Stock — Basic net income per share is calculated on the basis of the weighted average number of common shares outstanding during each period. Diluted net income per share reflects the additional dilutive effect of potentially dilutive shares (principally those arising from the assumed exercise of stock options). The dilutive effect of stock options is reflected in diluted earnings per share by application of the treasury stock method. Under the treasury stock method, if the average market price of a share of common stock increases above the option’s exercise price, the proceeds that would be assumed to be realized from the exercise of the option would be used to acquire outstanding shares of common stock. The dilutive effect of awards is directly correlated with the fair value of the shares of common stock.
Stock-based Compensation	Stock-based Compensation — Stock-based compensation represents the cost related to stock-based awards granted to employees and non-employee directors. The Company measures stock-based compensation at the grant date based on the estimated fair value of the award and recognize the cost (net of estimated forfeitures) as compensation expense on a straight-line basis over the requisite service period. Upon exercise of options, all excess tax benefits and tax deficiencies resulting from the difference between the deduction for tax purposes and the stock-based compensation cost recognized for financial reporting purposes are included as a component of income tax expense.
Recently Adopted Accounting Standards and New Accounting Standards Not Yet Adopted	Recently Adopted Accounting Standards — In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers, and issued subsequent amendments to the initial guidance to provide additional clarification on specific topics (“ASC 606”). This ASU provides a comprehensive new revenue recognition model that requires a company to recognize revenue to depict the transfer of goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. The Company adopted ASC 606 using the modified retrospective method on September 30, 2018 and, based on our evaluation of our revenue streams, determined that there was not a material impact as of the date of adoption between the new revenue standard and how we previously recognized revenue, and therefore the adoption did not have a material impact on our consolidated financial statements. In January 2016, FASB issued ASU No. 2016-01, Financial Instruments – Overall: Recognition and Measurement of Financial Assets and Financial Liabilities. The guidance requires equity investments in unconsolidated entities (other than those accounted for using the equity method of accounting) to be measured at fair value with changes in fair value recognized in net income. The amendments in this update also simplified the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment, eliminate the requirement for public business entities to disclose the method and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet and require these entities to use the exit price notion when measuring fair value of financial instruments for disclosure purposes. This guidance also changes the presentation and disclosure requirements for financial instruments as well as clarifying the guidance related to valuation allowance assessments when recognizing deferred tax assets resulting from unrealized losses on available-for-sale debt securities. The Company adopted this guidance in the first quarter of fiscal 2019 with respect to its investment in New Meadowlands Racetrack (see Note 5). Such adoption did not have a material impact on our consolidated financial statements. In August 2016, FASB issued ASU No. 2016-15, Classification of Certain Cash Receipts and Cash Payments. This update provides clarification regarding how certain cash receipts and cash payments are presented and classified in the statement of cash flows and addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice. The Company adopted this guidance in the first quarter of fiscal 2019. Such adoption did not have a material impact on our consolidated financial statements. In October 2016, the FASB issued ASU No. 2016-16, Income Taxes: Intra-Entity Transfers of Assets Other than Inventory. The amendments in this guidance address the income tax consequences of intra-entity transfers of assets other than inventory. Current guidance prohibits the recognition of current and deferred income taxes for an intra-entity asset transfer until the asset has been sold to an outside party. In addition, interpretations of this guidance have developed in practice over the years for transfers of certain intangible and tangible assets. The amendments in the update will require recognition of current and deferred income taxes resulting from an intra-entity transfer of an asset other than inventory when the transfer occurs. The Company adopted this guidance in the first quarter of fiscal 2019. Such adoption did not have a material impact on our consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-01, Business Combinations: Clarifying the Definition of a Business. This update provides that when substantially all the fair value of the assets acquired is concentrated in a single identifiable asset or a group of similar identifiable assets, the set is not a business. The Company adopted this guidance in the first quarter of fiscal 2019. Such adoption did not have a material impact on our consolidated financial statements. New Accounting Standards Not Yet Adopted — In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842), which will require lessees to recognize assets and liabilities for leases with lease terms of more than 12 months. Consistent with current GAAP, the recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee primarily will depend on its classification as a finance or operating lease. however, unlike current GAAP, which requires only capital leases to be recognized on the balance sheet, the new guidance will require both types of leases to be recognized on the balance sheet. This guidance is effective for interim and annual periods beginning after December 15, 2018, with early adoption permitted. In August 2018, the FASB issued ASU No. 2018-11, Leases (Topic 842): Targeted Improvements, which permits adoption of the guidance in ASU 2016-02 using either a modified retrospective transition, requiring application at the beginning of the earliest comparative period presented or a transition method whereby companies could continue to apply existing lease guidance during the comparative periods and apply the new lease requirements through a cumulative-effect adjustment in the period of adoption rather than in the earliest period presented without adjusting historical financial statements. The Company will adopt the new standard on September 29, 2019 and use the effective date of initial application. Consequently, financial information will not be updated and the disclosures required under the new standard will not be provided for dates and periods before September 29, 2019. The new standard provides a number of optional practical expedients in transition. The Company expects to elect the "package of expedients", which permits the Company not to reassess under the new standard the Company's prior conclusions about lease identification and initial direct costs. The Company does not expect to elect the use of hindsight or the practical expedient pertaining to land easements, the latter not being applicable to the Company. The new standard also provides practical expedients for the Company's ongoing accounting. The Company currently expect to elect the short-term lease recognition exemption for all leases that qualify. This means, for those leases that qualify, the Company will not recognize right-of-use assets or lease liabilities, and this includes not recognizing right-of-use assets or lease liabilities for existing short-term leases of those assets in transition. The Company expects the most significant change will be related to the recognition of right-of-use assets and lease liabilities on the Company's balance sheet for real estate operating leases. As a result of the adoption of this guidance, the Company anticipates that it will record right-of-use assets and lease liabilities ranging from $52,000,000 to $56,000,000 primarily related to its real estate operating leases. The Company also expects that the adoption of this guidance will result in additional lease-related disclosures in the footnotes to its consolidated financial statements. In June 2018, the FASB issued ASU 2018-07, Compensation - Stock Compensation (Topic 718): Improvements to Non-employee Share-Based Payment Accounting, which simplifies the accounting for share-based payments granted to non-employees for goods and services. Under this ASU, the guidance on share-based payments to non-employees would be aligned with the requirements for share-based payments granted to employees, with certain exceptions. This ASU is effective for fiscal years beginning after December 15, 2018, and interim periods within those years. The adoption of this standard is not expected to result in a material impact to the Company’s consolidated financial statements.

CONSOLIDATION OF VARIABLE INT_2

CONSOLIDATION OF VARIABLE INTEREST ENTITIES (Tables)	12 Months Ended
CONSOLIDATION OF VARIABLE INTEREST ENTITIES (Tables)	Sep. 28, 2019
Variable Interest Entities [Abstract]
Schedule of Variable Interest Entities	Following are the required disclosures associated with the Company’s consolidated VIEs: September 28, September 29, (in thousands) Cash and cash equivalents $ 170 $ 181 Accounts receivable 219 354 Inventories 41 19 Prepaid and refundable income taxes 254 241 Prepaid expenses and other current assets 12 51 Due from Ark Restaurants Corp. and affiliates (1) 392 338 Fixed assets - net 236 — Other assets 82 82 Total assets $ 1,406 $ 1,266 Accounts payable - trade $ 65 $ 158 Accrued expenses and other current liabilities 440 348 Operating lease deferred credit (30) (21) Total liabilities 475 485 Equity of variable interest entities 931 781 Total liabilities and equity $ 1,406 $ 1,266 (1) Amounts due from Ark Restaurants Corp. and affiliates are eliminated upon consolidation.

RECENT RESTAURANT EXPANSION A_2

RECENT RESTAURANT EXPANSION AND OTHER DEVELOPMENTS (Tables)	12 Months Ended
RECENT RESTAURANT EXPANSION AND OTHER DEVELOPMENTS (Tables)	Sep. 28, 2019
Business Combinations [Abstract]
Allocation of Fair Values of Assets Acquired	The fair values of the assets acquired, none of which are amortizable, were allocated as follows (amounts in thousands): Cash $ 11 Inventory 80 Furniture, fixtures and equipment 200 Trademarks 1,110 Goodwill 5,690 Liabilities assumed (55) $ 7,036
Pro Forma Information	The unaudited pro forma financial information, which has been adjusted for rent payments under the lease discussed above as well as interest expense of the term loan, is presented for informational purposes only and may not be indicative of what actual results of operations would have been had the acquisition of JB's on the Beach occurred on the dates indicated, nor does it purport to represent the results of operations for future periods (amounts in thousands, except per share amounts). Year Ended Year Ended September 28, September 29, (unaudited) (unaudited) Total revenues $ 170,132 $ 171,219 Net income $ 3,336 $ 5,384 Net income per share - basic $ 0.96 $ 1.57 Net income per share - diluted $ 0.94 $ 1.52

FIXED ASSETS (Tables)

FIXED ASSETS (Tables)	12 Months Ended
FIXED ASSETS (Tables)	Sep. 28, 2019
Property, Plant and Equipment [Abstract]
Schedule of Fixed Assets	Fixed assets consist of the following: September 28, September 29, (in thousands) Land and building $ 18,029 $ 18,029 Leasehold improvements 53,570 53,310 Furniture, fixtures and equipment 38,207 37,910 Construction in progress — 59 109,806 109,308 Less: accumulated depreciation and amortization 62,025 64,044 Fixed Assets - Net $ 47,781 $ 45,264

INTANGIBLE ASSETS, GOODWILL A_2

INTANGIBLE ASSETS, GOODWILL AND TRADEMARKS (Tables)	12 Months Ended
INTANGIBLE ASSETS, GOODWILL AND TRADEMARKS (Tables)	Sep. 28, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets	Intangible assets consist of the following: September 28, September 29, (in thousands) Purchased leasehold rights (a) $ 2,395 $ 2,395 Noncompete agreements and other 253 253 2,648 2,648 Less accumulated amortization 2,345 2,299 Intangible Assets - Net $ 303 $ 349 (a) Purchased leasehold rights arose from acquiring leases and subleases of various restaurants.
Schedule of Changes in Carrying Amount of Goodwill and Trademarks	The changes in the carrying amount of goodwill and trademarks for the years ended September 28, 2019 and September 29, 2018 are as follows: Goodwill Trademarks (in thousands) Balance as of September 30, 2017 $ 9,880 $ 3,331 Acquired during the year — — Impairment losses — — Balance as of September 29, 2018 9,880 3,331 Acquired during the year 5,690 1,110 Impairment losses (see Note 4) — (721) Balance as of September 28, 2019 $ 15,570 $ 3,720

ACCRUED EXPENSES AND OTHER CU_2

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)	12 Months Ended
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)	Sep. 28, 2019
Disclosure Text Block Supplement [Abstract]
Schedule of Accrued Expenses And Other Current Liabilities	Accrued expenses and other current liabilities consist of the following: September 28, September 29, (in thousands) Sales tax payable $ 1,141 $ 820 Accrued wages and payroll related costs 2,942 3,226 Customer advance deposits 4,549 4,439 Accrued occupancy and other operating expenses 2,040 2,217 $ 10,672 $ 10,702

NOTES PAYABLE - BANK (Tables)

NOTES PAYABLE - BANK (Tables)	12 Months Ended
NOTES PAYABLE - BANK (Tables)	Sep. 28, 2019
Notes Payable [Abstract]
Schedule of Long-term Debt	Long-term debt consists of the following: September 28, September 29, (in thousands) Promissory Note - Rustic Inn purchase $ 4,043 $ 4,327 Promissory Note - Shuckers purchase 4,675 5,015 Promissory Note - Oyster House purchase 4,728 5,346 Promissory Note - JB's on the Beach purchase 6,750 — Promissory Note - Sequoia renovation 3,086 — Revolving Facility 3,366 6,568 26,648 21,256 Less: Current maturities (2,701) (1,251) Less: Unamortized deferred financing costs (161) (145) Long-term debt $ 23,786 $ 19,860
Schedule of Maturities of Long-term Debt	As of September 28, 2019, the aggregate amounts of notes payable maturities (excluding borrowings under the Revolving Facility) are as follows: 2020 $ 2,701 2021 2,701 2022 2,701 2023 3,526 2024 2,229

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
COMMITMENTS AND CONTINGENCIES (Tables)	Sep. 28, 2019
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases	As of September 28, 2019, future minimum lease payments under non-cancelable leases are as follows: Amount Fiscal Year (in thousands) 2020 $ 9,570 2021 9,553 2022 9,654 2023 8,022 2024 7,197 Thereafter 33,487 Total minimum payments $ 77,483

STOCK OPTIONS (Tables)

STOCK OPTIONS (Tables)	12 Months Ended
STOCK OPTIONS (Tables)	Sep. 28, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Stock Option Activity	The following table summarizes stock option activity under all plans: 2019 2018 Shares Weighted Weighted Aggregate Shares Weighted Aggregate Outstanding, beginning of 378,750 $ 18.46 4.8 years 421,800 $ 17.86 Options: Granted 34,000 $ 19.79 25,000 $ 21.91 Exercised (40,500) $ 12.42 (42,000) $ 14.39 Canceled or expired (8,750) $ 18.76 (26,050) $ 18.60 Outstanding and expected to 363,500 $ 19.25 4.7 years $ 807,000 378,750 $ 18.46 $ 1,824,400 Exercisable, end of period 328,500 $ 19.11 4.2 years $ 797,000 366,250 $ 18.35 $ 1,807,300 Shares available for future 441,000 475,000
Schedule of Stock Options Outstanding	The following table summarizes information about stock options outstanding as of September 28, 2019: Options Outstanding Options Exercisable Range of Exercise Prices Number of Weighted Weighted Number of Weighted Weighted $14.40 132,500 $ 14.40 2.7 132,500 $ 14.40 2.7 $22.50 172,000 $ 22.50 4.7 172,000 $ 22.50 4.7 $19.61 - $22.30 59,000 $ 20.69 9.2 24,000 $ 20.81 9.1 363,500 $ 19.25 4.7 328,500 $ 19.11 4.2

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
INCOME TAXES (Tables)	Sep. 28, 2019
Income Tax Disclosure [Abstract]
Schedule of Provision for Income Taxes	The provision for income taxes consists of the following: Year Ended September 28, September 29, (in thousands) Current provision (benefit): Federal $ 260 $ 30 State and local 267 320 527 350 Deferred provision (benefit): Federal (931) (798) State and local (187) (699) (1,118) (1,497) $ (591) $ (1,147)
Schedule of Effective Tax Rate Reconciliation	The effective tax rate differs from the U.S. income tax rate as follows: Year Ended September 28, September 29, (in thousands) Provision at Federal statutory rate (21% in 2019 and 24% in 2018) $ 393 $ 953 State and local income taxes, net of tax benefits (160) — Tax credits (1,029) (789) Income attributable to non-controlling interest 45 (102) Changes in tax rates 2 181 Impact of Federal tax reform — (1,382) Change in valuation allowance 81 (43) Other 77 35 $ (591) $ (1,147)
Schedule of Deferred Tax Assets and Liabilities	Significant components of the Company’s deferred tax assets and liabilities are as follows: September 28, September 29, (in thousands) Deferred tax assets: State net operating loss carryforwards $ 4,406 $ 4,141 Operating lease deferred credits 422 513 Deferred compensation 313 364 Tax credits 1,253 802 Partnership investments 347 — Other — 98 Deferred tax assets, before valuation allowance 6,741 5,918 Valuation allowance (392) (311) Deferred tax assets, net of valuation allowance 6,349 5,607 Deferred tax liabilities: Depreciation and amortization (2,049) (2,080) Partnership investments — (329) Prepaid expenses (194) (210) Deferred tax liabilities (2,243) (2,619) Net deferred tax assets $ 4,106 $ 2,988
Reconciliation of Unrecognized Tax Benefits	A reconciliation of the beginning and ending amount of unrecognized tax benefits excluding interest and penalties is as follows: September 28, September 29, (in thousands) Balance at beginning of year $ 110 $ 152 Additions based on tax positions taken in current and prior years 407 125 Settlements (205) (167) Lapse in statute of limitations (109) — Decreases based on tax positions taken in prior years (45) — Balance at end of year $ 158 $ 110

INCOME PER SHARE OF COMMON ST_2

INCOME PER SHARE OF COMMON STOCK (Tables)	12 Months Ended
INCOME PER SHARE OF COMMON STOCK (Tables)	Sep. 28, 2019
Earnings Per Share [Abstract]
Reconciliation of Shares	A reconciliation of shares used in calculating earnings per basic and diluted share follows: Year Ended September 28, September 29, (in thousands) Basic $ 3,479 $ 3,439 Effect of dilutive securities: Stock options 52 110 Diluted $ 3,531 $ 3,549

BUSINESS AND SUMMARY OF SIGNI_2

BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	12 Months Ended
	Sep. 28, 2019USD ($)numberOfRestaurantssegment	Sep. 29, 2018USD ($)	Sep. 29, 2019USD ($)
BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items]
Number of operating segments \| segment	1
Working capital deficiency \| $	$ 4,373,000
Impairment of intangible assets \| $		$ 0
Goodwill impairment losses \| $	0	0
Trademark impairment loss \| $		721,000
Revenues \| $	162,354,000	159,990,000
Unearned revenue \| $	4,549,000	4,439,000
Liability for gift cards \| $	$ 203,000	$ 170,000
Top Vendor
BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items]
Concentration risk	12.00%	10.00%
Catering Services
BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items]
Revenues \| $	$ 13,817,000	$ 12,878,000
New York City
BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items]
Number of restaurants	5
Washington D.C.
BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items]
Number of restaurants	2
Las Vegas Nevada
BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items]
Number of restaurants	5
Atlantic City
BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items]
Number of restaurants	3
Florida
BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items]
Number of restaurants	3
Alabama
BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items]
Number of restaurants	2
Las Vegas \| New York New York Hotel and Casino Resort
BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items]
Number of restaurants	4
Minimum \| Furniture and Fixtures
BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items]
Property and equipment, useful life	3 years
Minimum \| Leasehold Improvements
BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items]
Property and equipment, useful life	5 years
Maximum \| Furniture and Fixtures
BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items]
Property and equipment, useful life	7 years
Maximum \| Building and Building Improvements
BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items]
Property and equipment, useful life	40 years
Maximum \| Leasehold Improvements
BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items]
Property and equipment, useful life	30 years
Noncompete agreements and other
BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items]
Intangible asset, useful life	5 years
Accounts Receivable \| One Hotel Operator
BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items]
Concentration risk	34.00%
Accounts Receivable \| Two Hotel Operators
BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items]
Concentration risk		47.00%
Accounting Standards Update 2016-02 \| Minimum \| Subsequent Event
BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items]
Operating lease, right-of-use asset \| $			$ 52,000,000
Operating lease, liability \| $			52,000,000
Accounting Standards Update 2016-02 \| Maximum \| Subsequent Event
BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items]
Operating lease, right-of-use asset \| $			56,000,000
Operating lease, liability \| $			$ 56,000,000
Restaurants and Bars
BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items]
Number of operating segments \| segment	20
Fast Food Concepts and Catering Operations
BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items]
Number of operating segments \| segment	17
Fast Food Concepts and Catering Operations \| Ledyard \| Foxwoods Resort Casino
BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items]
Number of restaurants	1
Fast Food Concepts and Catering Operations \| Tampa
BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items]
Number of restaurants	4
Fast Food Concepts and Catering Operations \| Hollywood \| Hard Rock Hotel and Casino
BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items]
Number of restaurants	6
Food Court \| Las Vegas \| New York New York Hotel and Casino Resort
BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items]
Number of restaurants	6
Planet Hollywood Resort and Casino \| Las Vegas
BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items]
Number of restaurants	1
Oyster House \| Alabama
BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items]
Number of restaurants	2
Oyster House \| Gulf Shores Alabama
BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items]
Number of restaurants	1
Oyster House \| Spanish Fort Alabama
BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items]
Number of restaurants	1

CONSOLIDATION OF VARIABLE INT_3

CONSOLIDATION OF VARIABLE INTEREST ENTITIES (Details)	Sep. 28, 2019variable_inerest_entity
Variable Interest Entities [Abstract]
Number of VIEs with primary benefits	3

CONSOLIDATION OF VARIABLE INT_4

CONSOLIDATION OF VARIABLE INTEREST ENTITIES (Details) - Schedule of variable interest entities - USD ($) $ in Thousands	Sep. 28, 2019	Sep. 29, 2018
Schedule of variable interest entities [Abstract]
VIEs, Cash and cash equivalents	$ 170	$ 181
VIEs, Accounts receivable	219	354
VIEs, Inventories	41	19
VIEs, Prepaid and refundable income taxes	254	241
VIEs, Prepaid expenses and other current assets	12	51
Due from Ark Restaurants Corp. and affiliates	392	338
VIEs, Fixed assets - net	236	0
VIEs, Other assets	82	82
Total assets	1,406	1,266
VIEs, Accounts payable - trade	65	158
VIEs, Accrued expenses and other current liabilities	440	348
VIEs, Operating lease deferred credit	(30)	(21)
Total liabilities	475	485
Equity of variable interest entities	931	781
Total liabilities and equity	$ 1,406	$ 1,266

RECENT RESTAURANT EXPANSION A_3

RECENT RESTAURANT EXPANSION AND OTHER DEVELOPMENTS (Details) - USD ($)	Sep. 28, 2019	Sep. 16, 2019	May 15, 2019	Sep. 28, 2019	Sep. 27, 2019	Sep. 29, 2018
RECENT RESTAURANT EXPANSION (Details) [Line Items]
Notes payable	$ 26,648,000			$ 26,648,000		$ 21,256,000
Deferred rent	10,077,000			10,077,000		3,301,000
Leasehold improvements	47,781,000			47,781,000		45,264,000
Leasehold improvements and furniture, fixtures and equipment \| Hard Rock Casino and Hotel, Hollywood, Florida
RECENT RESTAURANT EXPANSION (Details) [Line Items]
Leasehold improvements and furniture, fixtures and equipment		$ 5,474,000
Deferred rent		$ 5,474,000
Leasehold improvements	918,000			918,000
Leasehold improvements and furniture, fixtures and equipment \| Hard Rock Casino and Hotel, Tampa, Florida
RECENT RESTAURANT EXPANSION (Details) [Line Items]
Leasehold improvements and furniture, fixtures and equipment	3,179,000
Deferred rent	3,179,000			3,179,000
Leasehold improvements					$ 459,000
JB's On The Beach
RECENT RESTAURANT EXPANSION (Details) [Line Items]
Lease term			20 years
Lease renewal term			5 years
Annual rent payments				600,000
Rent percent increase			10.00%
Rent increase period			5 years
JB's On The Beach
RECENT RESTAURANT EXPANSION (Details) [Line Items]
Consideration			$ 7,036,000
Notes payable	$ 6,750,000		$ 7,000,000	6,750,000		$ 0
Revenues of acquiree since acquisition				3,380,000
Losses of acquiree since acquisition				$ (122,000)

RECENT RESTAURANT EXPANSION A_4

RECENT RESTAURANT EXPANSION AND OTHER DEVELOPMENTS - Allocation of fair value assets acquired (Details) - USD ($) $ in Thousands	Sep. 28, 2019	May 15, 2019	Sep. 29, 2018	Sep. 30, 2017
Business Acquisition [Line Items]
Goodwill	$ 15,570		$ 9,880	$ 9,880
JB's On The Beach
Business Acquisition [Line Items]
Cash		$ 11
Inventory		80
Furniture, fixtures and equipment		200
Trademarks		1,110
Goodwill		5,690
Liabilities assumed		(55)
Fair value of assets acquired		$ 7,036

RECENT RESTAURANT EXPANSION A_5

RECENT RESTAURANT EXPANSION AND OTHER DEVELOPMENTS - Schedule of unaudited pro forma financial information (Details) - JB's On The Beach - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Sep. 28, 2019	Sep. 29, 2018
Business Acquisition [Line Items]
Total revenues	$ 170,132	$ 171,219
Net income	$ 3,336	$ 5,384
Net income per share - basic (in Dollars per share)	$ 0.96	$ 1.57
Net income per share - diluted (in Dollars per share)	$ 0.94	$ 1.52

RECENT RESTAURANT DISPOSITIONS

RECENT RESTAURANT DISPOSITIONS (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 28, 2019	Sep. 29, 2018
RECENT RESTAURANT DISPOSITIONS (Details) [Line Items]
Loss on closure of Durgin-Park	$ 1,106	$ 0
Durgin-Park
RECENT RESTAURANT DISPOSITIONS (Details) [Line Items]
Loss on closure of Durgin-Park	1,106
Impairment of trademarks	721
Depreciation of fixed assets	333
Prepaid and other expenses	$ 52

INVESTMENT IN AND RECEIVABLE _2

INVESTMENT IN AND RECEIVABLE FROM NEW MEADOWLANDS RACETRACK (Details) - USD ($) $ in Thousands	Feb. 07, 2017	Apr. 25, 2014	Nov. 19, 2013	Mar. 12, 2013	Sep. 28, 2019	Sep. 29, 2018	Oct. 03, 2015	Jul. 13, 2016
INVESTMENT IN AND RECEIVABLE FROM NEW MEADOWLANDS RACETRACK (Details) [Line Items]
Payments to acquire business					$ 25	$ 0
Ark Meadowlands LLC
INVESTMENT IN AND RECEIVABLE FROM NEW MEADOWLANDS RACETRACK (Details) [Line Items]
Ownership percentage by parent					97.00%
Profit participation percentage					5.00%
New Meadowlands Racetrack LLC
INVESTMENT IN AND RECEIVABLE FROM NEW MEADOWLANDS RACETRACK (Details) [Line Items]
Payments to acquire business				$ 4,200
Ownership percentage			7.40%
Payments to acquire additional interest in subsidiaries	$ 222		$ 464				$ 222
Long-term investments	$ 5,108
Meadowlands Newmark LLC
INVESTMENT IN AND RECEIVABLE FROM NEW MEADOWLANDS RACETRACK (Details) [Line Items]
Ownership percentage			11.60%	63.70%
Maximum loss		$ 1,500
Interest rate		3.00%
Loan maturity date					Jan. 31, 2024
Additional loan								$ 200
Principal and accrued interest					$ 1,713	$ 1,928

FIXED ASSETS - Property, plant

FIXED ASSETS - Property, plant and equipment (Details) - USD ($) $ in Thousands	Sep. 28, 2019	Sep. 29, 2018
Property, Plant and Equipment [Abstract]
Land and building	$ 18,029	$ 18,029
Leasehold improvements	53,570	53,310
Furniture, fixtures and equipment	38,207	37,910
Construction in progress	0	59
Fixed Assets - Gross	109,806	109,308
Less: accumulated depreciation and amortization	62,025	64,044
Fixed Assets - Net	$ 47,781	$ 45,264

FIXED ASSETS (Details)

FIXED ASSETS (Details) - USD ($) $ in Thousands	12 Months Ended
FIXED ASSETS (Details) - USD ($) $ in Thousands	Sep. 28, 2019	Sep. 29, 2018
Property, Plant and Equipment [Abstract]
Depreciation and amortization expense	$ 5,056	$ 5,014
Property, Plant and Equipment [Line Items]
Asset impairment charges	2,857	$ 0
Clyde Frazier's Wine and Dine
Property, Plant and Equipment [Line Items]
Asset impairment charges	$ 2,857

INTANGIBLE ASSETS, GOODWILL A_3

INTANGIBLE ASSETS, GOODWILL AND TRADEMARKS - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	Sep. 28, 2019	Sep. 29, 2018
Finite-Lived Intangible Assets [Line Items]
Intangible Assets - Gross	$ 2,648	$ 2,648
Less accumulated amortization	2,345	2,299
Intangible Assets - Net	303	349
Purchased leasehold rights
Finite-Lived Intangible Assets [Line Items]
Intangible Assets - Gross	2,395	2,395
Noncompete agreements and other
Finite-Lived Intangible Assets [Line Items]
Intangible Assets - Gross	$ 253	$ 253

INTANGIBLE ASSETS, GOODWILL A_4

INTANGIBLE ASSETS, GOODWILL AND TRADEMARKS - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 28, 2019	Sep. 29, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of intangible assets	$ 46	$ 60
Amortization expense, 2020	46
Amortization expense, 2021	46
Amortization expense, 2022	46
Amortization expense, 2023	46
Amortization expense, 2024	$ 46

INTANGIBLE ASSETS, GOODWILL A_5

INTANGIBLE ASSETS, GOODWILL AND TRADEMARKS - Schedule of Changes in the Carrying Amount of Goodwill and Trademarks (Details) - USD ($)	12 Months Ended
	Sep. 28, 2019	Sep. 29, 2018
Goodwill [Abstract]
Beginning balance	$ 9,880,000	$ 9,880,000
Acquired during the year	5,690,000	0
Impairment losses	0	0
Ending balance	15,570,000	9,880,000
Trademarks
Trademarks [Abstract]
Beginning balance	3,331,000	3,331,000
Acquired during the year	1,110,000	0
Impairment losses	(721,000)	0
Ending balance	$ 3,720,000	$ 3,331,000

ACCRUED EXPENSES AND OTHER CU_3

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES - Schedule of accrued expenses and other current liabilities (Details) - USD ($) $ in Thousands	Sep. 28, 2019	Sep. 29, 2018
Disclosure Text Block Supplement [Abstract]
Sales tax payable	$ 1,141	$ 820
Accrued wages and payroll related costs	2,942	3,226
Customer advance deposits	4,549	4,439
Accrued occupancy and other operating expenses	2,040	2,217
Accrued expenses and other current liabilities	$ 10,672	$ 10,702

NOTES PAYABLE - BANK - Schedule

NOTES PAYABLE - BANK - Schedule of Long-term debt (Details) - USD ($)	Sep. 28, 2019	May 15, 2019	Sep. 29, 2018
NOTES PAYABLE - BANK (Details) - Schedule of Long-term debt [Line Items]
Notes payable	$ 26,648,000		$ 21,256,000
Less: Current maturities	(2,701,000)		(1,251,000)
Less: Unamortized deferred financing costs	(161,000)		(145,000)
Long-term debt	23,786,000		19,860,000
Revolving Credit Facility
NOTES PAYABLE - BANK (Details) - Schedule of Long-term debt [Line Items]
Notes payable	3,366,000		6,568,000
The Rustic Inn
NOTES PAYABLE - BANK (Details) - Schedule of Long-term debt [Line Items]
Notes payable	4,043,000		4,327,000
Shuckers Inc
NOTES PAYABLE - BANK (Details) - Schedule of Long-term debt [Line Items]
Notes payable	4,675,000		5,015,000
Oyster House
NOTES PAYABLE - BANK (Details) - Schedule of Long-term debt [Line Items]
Notes payable	4,728,000		5,346,000
JB's On The Beach
NOTES PAYABLE - BANK (Details) - Schedule of Long-term debt [Line Items]
Notes payable	6,750,000	$ 7,000,000	0
Sequoia Renovation
NOTES PAYABLE - BANK (Details) - Schedule of Long-term debt [Line Items]
Notes payable	$ 3,086,000		$ 0

NOTES PAYABLE - BANK - Narrativ

NOTES PAYABLE - BANK - Narrative (Details)	May 15, 2019USD ($)installment	Nov. 30, 2016USD ($)installment	Oct. 22, 2015USD ($)installment	Feb. 24, 2014USD ($)installment	Feb. 25, 2013USD ($)installment	Sep. 28, 2019USD ($)installment	Sep. 29, 2018USD ($)
NOTES PAYABLE - BANK (Details) [Line Items]
Notes payable						$ 26,648,000	$ 21,256,000
The Rustic Inn
NOTES PAYABLE - BANK (Details) [Line Items]
Notes payable						4,043,000	4,327,000
Shuckers Inc
NOTES PAYABLE - BANK (Details) [Line Items]
Notes payable						4,675,000	5,015,000
Oyster House
NOTES PAYABLE - BANK (Details) [Line Items]
Notes payable						4,728,000	5,346,000
JB's On The Beach
NOTES PAYABLE - BANK (Details) [Line Items]
Notes payable	$ 7,000,000					6,750,000	0
Sequoia Renovation
NOTES PAYABLE - BANK (Details) [Line Items]
Notes payable						3,086,000	0
Bank Hapoalim B.M. \| The Rustic Inn
NOTES PAYABLE - BANK (Details) [Line Items]
Basis spread on variable rate					3.50%
Face amount					$ 3,000,000
Number of installments \| installment				60	36
Frequency of periodic payment				monthly	monthly
Periodic payment				$ 134,722	$ 83,333	71,333
Date of first required payment				Mar. 25, 2014	Mar. 25, 2013
Bank loan related to acquisition				$ 6,000,000
Bank Hapoalim B.M. \| Shuckers Inc
NOTES PAYABLE - BANK (Details) [Line Items]
Basis spread on variable rate			3.50%
Face amount			$ 5,000,000
Number of installments \| installment			60
Frequency of periodic payment			monthly
Periodic payment			$ 83,333
Date of first required payment			Nov. 22, 2015
Revolving Credit Facility
NOTES PAYABLE - BANK (Details) [Line Items]
Notes payable						3,366,000	6,568,000
Amortization of other deferred charges						207,000
Amortization						$ 35,000	21,000
Revolving Credit Facility \| Bank Hapoalim B.M.
NOTES PAYABLE - BANK (Details) [Line Items]
Expiration date						May 31, 2021
Current borrowing capacity						$ 10,000,000
Maximum borrowing capacity						$ 35,000,000
Basis spread on variable rate						3.50%
Borrowings under credit facility						$ 3,366,000	$ 6,568,000
Weighted average interest rate						4.90%	5.40%
Revolving Credit Facility \| Bank Hapoalim B.M. \| Oyster House
NOTES PAYABLE - BANK (Details) [Line Items]
Basis spread on variable rate		3.50%
Face amount		$ 8,000,000
Number of installments \| installment		60
Frequency of periodic payment		monthly
Periodic payment		$ 133,273
Date of first required payment		Jan. 1, 2017
Revolving Credit Facility \| Bank Hapoalim B.M. \| JB's On The Beach
NOTES PAYABLE - BANK (Details) [Line Items]
Basis spread on variable rate	3.50%
Number of installments \| installment	23
Periodic payment	$ 250,000
Date of first required payment	Sep. 1, 2019
Balloon payment to be paid	$ 1,250,000
Notes payable	$ 7,000,000
Revolving Credit Facility \| Bank Hapoalim B.M. \| Sequoia Renovation
NOTES PAYABLE - BANK (Details) [Line Items]
Basis spread on variable rate	3.50%
Number of installments \| installment						23
Periodic payment	$ 114,286
Date of first required payment	Sep. 1, 2019
Balloon payment to be paid	$ 571,429
Notes payable	$ 3,200,000
Revolving Credit Facility \| Amendment \| Bank Hapoalim B.M. \| The Rustic Inn
NOTES PAYABLE - BANK (Details) [Line Items]
Basis spread on variable rate						3.50%
Face amount						$ 4,400,000
Number of installments \| installment						27
Frequency of periodic payment						quarterly
Date of first required payment						Sep. 1, 2018
Additional borrowing capacity						$ 2,783,333
Balloon payment to be paid						$ 2,474,000
Revolving Credit Facility \| Amendment \| Bank Hapoalim B.M. \| Shuckers Inc
NOTES PAYABLE - BANK (Details) [Line Items]
Basis spread on variable rate						3.50%
Face amount						$ 5,100,000
Number of installments \| installment						27
Frequency of periodic payment						quarterly
Periodic payment						$ 85,000
Date of first required payment						Sep. 1, 2018
Additional borrowing capacity						$ 2,433,324
Balloon payment to be paid						$ 2,805,000
Revolving Credit Facility \| Amendment \| Bank Hapoalim B.M. \| Oyster House Gulf Shores
NOTES PAYABLE - BANK (Details) [Line Items]
Basis spread on variable rate						3.50%
Face amount						$ 3,300,000
Number of installments \| installment						19
Frequency of periodic payment						quarterly
Periodic payment						$ 117,857
Date of first required payment						Sep. 1, 2018
Balloon payment to be paid						$ 1,060,716
Revolving Credit Facility \| Amendment \| Bank Hapoalim B.M. \| Oyster House Spanish Fort
NOTES PAYABLE - BANK (Details) [Line Items]
Basis spread on variable rate						3.50%
Face amount						$ 2,200,000
Number of installments \| installment						27
Periodic payment						$ 36,667
Date of first required payment						Sep. 1, 2018
Balloon payment to be paid						$ 1,210,000
Minimum
NOTES PAYABLE - BANK (Details) [Line Items]
Fixed charge coverage ratio						110.00%

NOTES PAYABLE - BANK - Schedu_2

NOTES PAYABLE - BANK - Schedule of notes payable maturities (Details) $ in Thousands	Sep. 28, 2019USD ($)
Notes Payable [Abstract]
2020	$ 2,701
2021	2,701
2022	2,701
2023	3,526
2024	$ 2,229

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 28, 2019	Sep. 29, 2018
Commitments and Contingencies Disclosure [Abstract]
Lease expiration year	2033
Security deposit liability	$ 388
Rent expense	13,879	$ 14,649
Contingent rentals, rent expense	$ 5,336	$ 5,454

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Schedule of future minimum rental payments for operating leases (Details) $ in Thousands	Sep. 28, 2019USD ($)
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
2020	$ 9,570
2021	9,553
2022	9,654
2023	8,022
2024	7,197
Thereafter	33,487
Total minimum payments	$ 77,483

STOCK OPTIONS - Narrative (Deta

STOCK OPTIONS - Narrative (Details)	Sep. 04, 2018$ / sharesshares	Aug. 10, 2018$ / sharesshares	Sep. 04, 2018USD ($)	Sep. 28, 2019USD ($)plan$ / sharesshares	Sep. 29, 2018USD ($)$ / sharesshares
STOCK OPTIONS (Details) [Line Items]
Number of stock option plans \| plan				2
Grants in period, gross (in Shares) \| shares	20,000	5,000		34,000	25,000
Exercise price (in Dollars per share)	$ 22.30	$ 20.36		$ 19.79	$ 21.91
Exercisable percentage, grant date			50.00%
Weighted average grant date fair value (in Dollars per share)	$ 3.82	$ 3.46
Grant date fair value \| $			$ 94,000
Exercise of stock options (in Shares) \| shares				40,500	42,000
Exercised (in Dollars per share)				$ 12.42	$ 14.39
Purchase and retirement of treasury shares (in Shares) \| shares				11,774
Risk free interest rate, minimum					2.87%
Risk free interest rate, maximum					2.90%
Volatility rate					30.70%
Dividend yield					5.60%
Expected term				10 years	10 years
Expired during period (in Shares) \| shares				8,750	26,050
Expired during period (in Dollars per share)				$ 18.76	$ 18.60
Stock-based compensation \| $				$ 112,000	$ 47,000
Unrecognized compensation cost \| $				$ 53,000
Unrecognized compensation recognition period				3 years 6 months
Maximum amount of compensation paid under cash bonus plan \| $				$ 1,000,000
Exercise Price, $19.61
STOCK OPTIONS (Details) [Line Items]
Grants in period, gross (in Shares) \| shares				23,000
Exercise price (in Dollars per share)				$ 19.61
Weighted average grant date fair value (in Dollars per share)				$ 3.48
Grant date fair value \| $				$ 80,000
Exercise Price, $20.18
STOCK OPTIONS (Details) [Line Items]
Grants in period, gross (in Shares) \| shares				11,000
Exercise price (in Dollars per share)				$ 20.18
Weighted average grant date fair value (in Dollars per share)				$ 3.55
Grant date fair value \| $				$ 39,000
Employee Stock Option
STOCK OPTIONS (Details) [Line Items]
Risk free interest rate, minimum				2.52%
Risk free interest rate, maximum				2.61%
Volatility rate				30.60%
Dividend yield				5.10%
Share-based Compensation Award, Tranche One \| Exercise Price, $19.61
STOCK OPTIONS (Details) [Line Items]
Exercisable percentage, grant date				50.00%
Share-based Compensation Award, Tranche One \| Exercise Price, $20.18
STOCK OPTIONS (Details) [Line Items]
Exercisable percentage, grant date				25.00%
Share-based Compensation Award, Tranche Two \| Exercise Price, $19.61
STOCK OPTIONS (Details) [Line Items]
Exercisable percentage, grant date				50.00%
Share-based Compensation Award, Tranche Two \| Exercise Price, $20.18
STOCK OPTIONS (Details) [Line Items]
Exercisable percentage, grant date				25.00%
Share-based Compensation Award, Tranche Three \| Exercise Price, $20.18
STOCK OPTIONS (Details) [Line Items]
Exercisable percentage, grant date				25.00%
Share-based Compensation Award, Tranche Four \| Exercise Price, $20.18
STOCK OPTIONS (Details) [Line Items]
Exercisable percentage, grant date				25.00%
2010 Plan
STOCK OPTIONS (Details) [Line Items]
Expiration period				10 years
Exercise of stock options (in Shares) \| shares				19,500
Exercised (in Dollars per share)				$ 12.04
2016 Plan
STOCK OPTIONS (Details) [Line Items]
Expiration period				10 years

STOCK OPTIONS - Schedule of sto

STOCK OPTIONS - Schedule of stock options, activity (Details) - USD ($)	Sep. 04, 2018	Aug. 10, 2018	Sep. 28, 2019	Sep. 29, 2018
Shares
Outstanding, beginning of period (in Shares)			378,750	421,800
Granted (in Shares)	20,000	5,000	34,000	25,000
Exercised (in Shares)			(40,500)	(42,000)
Canceled or expired (in Shares)			(8,750)	(26,050)
Outstanding and expected to vest, end of period (in Shares)			363,500	378,750
Outstanding and expected to vest, end of period (in Shares)			328,500	366,250
Shares available for future grant (in Shares)			441,000	475,000
Weighted Average Exercise Price
Outstanding, beginning of period (in Dollars per share)			$ 18.46	$ 17.86
Granted (in Dollars per share)	$ 22.30	$ 20.36	19.79	21.91
Exercised (in Dollars per share)			12.42	14.39
Canceled or expired (in Dollars per share)			18.76	18.60
Outstanding and expected to vest, end of period (in Dollars per share)			19.25	18.46
Exercisable, end of period (in Dollars per share)			$ 19.11	$ 18.35
Weighted Average Contractual Term
Outstanding			4 years 8 months 12 days	4 years 9 months 18 days
Exercisable			4 years 2 months 12 days
Aggregate Intrinsic Value
Outstanding and expected to vest, end of period			$ 807,000	$ 1,824,400
Exercisable, end of period			$ 797,000	$ 1,807,300

STOCK OPTIONS - Schedule of s_2

STOCK OPTIONS - Schedule of stock options, outstanding (Details) - $ / shares	12 Months Ended
	Sep. 28, 2019	Sep. 29, 2018	Sep. 30, 2017
Options Outstanding
Number of Shares (in Shares)	363,500	378,750	421,800
Weighted Average Exercise Price (in Dollars per share)	$ 19.25	$ 18.46	$ 17.86
Weighted Average Remaining Contractual Life	4 years 8 months 12 days
Options Exercisable
Number of Shares (in Shares)	328,500	366,250
Weighted Average Exercise Price (in Dollars per share)	$ 19.11	$ 18.35
Weighted Average Remaining contractual Life	4 years 2 months 12 days
Range of Exercise Prices - $14.40
Options Outstanding
Number of Shares (in Shares)	132,500
Weighted Average Exercise Price (in Dollars per share)	$ 14.40	14.40
Weighted Average Remaining Contractual Life	2 years 8 months 12 days
Options Exercisable
Number of Shares (in Shares)	132,500
Weighted Average Exercise Price (in Dollars per share)	$ 14.40
Weighted Average Remaining contractual Life	2 years 8 months 12 days
Range of Exercise Prices - $22.50
Options Outstanding
Number of Shares (in Shares)	172,000
Weighted Average Exercise Price (in Dollars per share)	$ 22.50	22.50
Weighted Average Remaining Contractual Life	4 years 8 months 12 days
Options Exercisable
Number of Shares (in Shares)	172,000
Weighted Average Exercise Price (in Dollars per share)	$ 22.50
Weighted Average Remaining contractual Life	4 years 8 months 12 days
Range of Exercise Prices - $19.61 - 22.30
STOCK OPTIONS (Details) - Schedule of stock options, outstanding [Line Items]
Range of exercise price, lower limit (in Dollars per share)	$ 19.61	19.61
Range of exercise price, upper limit (in Dollars per share)	$ 22.30	$ 22.30
Options Outstanding
Number of Shares (in Shares)	59,000
Weighted Average Exercise Price (in Dollars per share)	$ 20.69
Weighted Average Remaining Contractual Life	9 years 2 months 12 days
Options Exercisable
Number of Shares (in Shares)	24,000
Weighted Average Exercise Price (in Dollars per share)	$ 20.81
Weighted Average Remaining contractual Life	9 years 1 month 6 days

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details) - USD ($)	12 Months Ended
INCOME TAXES - Narrative (Details) - USD ($)	Sep. 28, 2019	Sep. 29, 2018
INCOME TAXES (Details) [Line Items]
Provision at Federal statutory rate	21.00%	24.00%
Tax benefit related to remeasurement of deferred tax assets and liabilities		$ 1,382,000
Valuation allowance	$ 392,000	311,000
Valuation allowance increase	81,000
Operating loss carryforwards	1,117,000
Accrued penalties and interest	0	$ 38,000
New York State Division of Taxation and Finance
INCOME TAXES (Details) [Line Items]
Operating loss carryforwards	23,061,000
New York City
INCOME TAXES (Details) [Line Items]
Operating loss carryforwards	$ 21,576,000

INCOME TAXES - Schedule of Prov

INCOME TAXES - Schedule of Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 28, 2019	Sep. 29, 2018
Current provision (benefit):
Federal	$ 260	$ 30
State and local	267	320
Current Income Tax Expense (Benefit)	527	350
Deferred provision (benefit):
Federal	(931)	(798)
State and local	(187)	(699)
Deferred Income Tax Expense (Benefit)	(1,118)	(1,497)
Income Tax Expense (Benefit)	$ (591)	$ (1,147)

INCOME TAXES - Schedule of Effe

INCOME TAXES - Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 28, 2019	Sep. 29, 2018
Income Tax Disclosure [Abstract]
Provision at Federal statutory rate (24% in 2018 and 34% in 2017)	$ 393	$ 953
State and local income taxes, net of tax benefits	(160)	0
Tax credits	(1,029)	(789)
Income attributable to non-controlling interest	45	(102)
Changes in tax rates	2	181
Impact of Federal tax reform	0	(1,382)
Change in valuation allowance	81	(43)
Other	77	35
Income Tax Expense (Benefit)	$ (591)	$ (1,147)
Effective Income Tax Rate Reconciliation, Percent [Abstract]
Provision at Federal statutory rate	21.00%	24.00%

INCOME TAXES - Schedule of Defe

INCOME TAXES - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Sep. 28, 2019	Sep. 29, 2018
Deferred tax assets:
State net operating loss carryforwards	$ 4,406	$ 4,141
Operating lease deferred credits	422	513
Deferred compensation	313	364
Tax credits	1,253	802
Partnership investments	347	0
Other	0	98
Deferred tax assets, before valuation allowance	6,741	5,918
Valuation allowance	(392)	(311)
Deferred tax assets, net of valuation allowance	6,349	5,607
Deferred tax liabilities:
Depreciation and amortization	(2,049)	(2,080)
Partnership investments	0	(329)
Prepaid expenses	(194)	(210)
Deferred tax liabilities	(2,243)	(2,619)
Net deferred tax assets	$ 4,106	$ 2,988

INCOME TAXES - Summary of Incom

INCOME TAXES - Summary of Income Tax Contingencies (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 28, 2019	Sep. 29, 2018
Income Tax Disclosure [Abstract]
Balance at beginning of year	$ 110	$ 152
Additions based on tax positions taken in current and prior years	407	125
Settlements	(205)	(167)
Lapse in statute of limitations	(109)	0
Decreases based on tax positions taken in prior years	(45)	0
Balance at end of year	$ 158	$ 110

INCOME PER SHARE OF COMMON ST_3

INCOME PER SHARE OF COMMON STOCK - Schedule of calculation of numerator and denominator in earnings per share (Details) - shares shares in Thousands	12 Months Ended
	Sep. 28, 2019	Sep. 29, 2018
Earnings Per Share [Abstract]
Basic (in Shares)	3,479	3,439
Stock options (in Shares)	52	110
Diluted (in Shares)	3,531	3,549

INCOME PER SHARE OF COMMON ST_4

INCOME PER SHARE OF COMMON STOCK - Narrative (Details) shares in Thousands	12 Months Ended
	Sep. 28, 2019$ / sharesshares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from computation of earnings per share (in Shares) \| shares	208
Minimum
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Exercise price of shares excluded from computation of earning per share (in Dollars per share)	$ 20.18
Maximum
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Exercise price of shares excluded from computation of earning per share (in Dollars per share)	$ 22.50

RELATED PARTY TRANSACTIONS - Na

RELATED PARTY TRANSACTIONS - Narrative (Details) - USD ($) $ in Thousands	Sep. 28, 2019	Sep. 29, 2018
RELATED PARTY TRANSACTIONS (Details) [Line Items]
Due from employees	$ 414	$ 386
Minimum
RELATED PARTY TRANSACTIONS (Details) [Line Items]
Effective interest rate	1.85%	1.63%
Chief Financial Officer
RELATED PARTY TRANSACTIONS (Details) [Line Items]
Due to related parties	$ 0	$ 303

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details)	Nov. 26, 2019$ / shares
Subsequent Event
SUBSEQUENT EVENTS (Details) [Line Items]
Dividends (in Dollars per share)	$ 0.25