Last10K.com

Nathans Famous Inc (NATH) SEC Filing 10-K Annual report for the fiscal year ending Sunday, March 31, 2013

Nathans Famous Inc

CIK: 69733 Ticker: NATH
Exhibit 99.1
 

 
FOR:                      NATHAN'S FAMOUS, INC.
 
COMPANY                      Ronald G. DeVos, Vice President - Finance and CFO
CONTACT:                      (516) 338-8500 ext. 229
 
FOR  IMMEDIATE RELEASE

NATHAN'S FAMOUS, INC.
 
REPORTS YEAR-END AND FOURTH QUARTER RESULTS
 
JERICHO, N.Y., June 12, 2013
-- Nathan's Famous, Inc. (NASDAQ:NATH) today reported results for its fiscal year ended March 31, 2013.
 
For the fiscal year ended March 31, 2013:
 
 
·
Net income increased 21.3% to $7,468,000 for the fifty-three weeks ended March 31, 2013, as compared to $6,158,000 for the fifty-two weeks ended March 25, 2012;
 
·
Earnings per diluted share increased 33.6% to $1.63 for the fifty-three weeks ended March 31, 2013, as compared to $1.22 for the fifty-two weeks ended March 25, 2012;
 
·
Non-GAAP earnings, which exclude the litigation expense items described below, were $7,749,000 or $1.69 per diluted share for the fifty-three weeks ended March 31, 2013, as compared to $6,445,000 or $1.28 per diluted share for the fifty-two weeks ended March 25, 2012; and
 
·
Revenues increased 8.0% to $71,543,000 for the fifty-three weeks ended March 31, 2013, as compared to $66,222,000 during the fifty-two weeks ended March 25, 2012.

For the fiscal quarter ended March 31, 2013:
 
 
·
Net income increased 43.7% to $1,555,000 for the fourteen weeks ended March 31, 2013, as compared to $1,082,000 for the thirteen weeks ended March 25, 2012;
 
·
Earnings per diluted share increased by 47.8% to $0.34 for the fourteen weeks ended March 31, 2013, as compared to $0.23 for the thirteen weeks ended March 25, 2012;
 
·
Non-GAAP earnings, which exclude the litigation expense items described below, were $1,634,000 or $0.35 per diluted share for the fourteen weeks ended March 31, 2013, as compared to $1,153,000 or $0.24 per diluted share for the thirteen weeks ended March 25, 2012; and
 
·
Revenues increased 3.9% to $14,976,000 for the fourteen weeks ended March 31, 2013, as compared to $14,407,000 for the thirteen weeks ended March 25, 2012.
 
On October 29, 2012, Hurricane Sandy struck the Northeastern United States, which forced the temporary closing of all of the Company-owned restaurants. Seventy-eight franchised restaurants, including 18 Branded Menu locations, also closed for varying periods of time, one of which remains closed. Our Company-owned restaurant in Oceanside, New York was closed for approximately two weeks.  The new Coney Island Boardwalk restaurant sustained minor damage and re-opened on March 18, 2013. Our flagship Coney Island restaurant incurred significant damage, and re-opened on May 20, 2013. On November 25, 2012, we closed the Company-owned restaurant in Yonkers, New York which was demolished as a part of a redevelopment of the property which will include a new Nathan’s Company-owned restaurant that we anticipate opening in December 2013.
 
 
 

The following information was filed by Nathans Famous Inc (NATH) on Wednesday, June 12, 2013 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Nathans Famous Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Nathans Famous Inc.

Continue

Assess how Nathans Famous Inc's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Nathans Famous Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2013 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

Tools

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Consolidated Balance Sheets
Consolidated Balance Sheets (parentheticals)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Earnings
Consolidated Statements Of Stockholders' Equity
Consolidated Statements Of Stockholders' Equity (parentheticals)
Accounting Policies, By Policy (policies)
Document And Entity Information
Note 1 - Description And Organization Of Business
Note 1 - Description And Organization Of Business (detail)
Note 10 - Income Taxes
Note 10 - Income Taxes (detail)
Note 10 - Income Taxes (detail) - Deferred Tax Assets And Deferred Tax Liabilities
Note 10 - Income Taxes (detail) - Effective Income Tax Reconciliation
Note 10 - Income Taxes (detail) - Tabular Reconciliation Of The Total Amounts Of Unrecognized Tax Benefits
Note 10 - Income Taxes (detail) - The Earliest Tax Years That Are Subject To Examination By Taxing Authorities By Major Jurisdictions Are As Follows
Note 10 - Income Taxes (detail) - The Income Tax Provision (benefit) Consists Of The Following
Note 10 - Income Taxes (tables)
Note 11 - Stockholders' Equity, Stock Plans And Other Employee Benefit Plans
Note 11 - Stockholders' Equity, Stock Plans And Other Employee Benefit Plans (detail)
Note 11 - Stockholders' Equity, Stock Plans And Other Employee Benefit Plans (detail) - A Summary Of The Status Of The Company’s Stock Options
Note 11 - Stockholders' Equity, Stock Plans And Other Employee Benefit Plans (detail) - Compensation Cost Charged To Expense Under All Stock Based Incentive Awards Is As Follows
Note 11 - Stockholders' Equity, Stock Plans And Other Employee Benefit Plans (detail) - Outstanding Stock Options
Note 11 - Stockholders' Equity, Stock Plans And Other Employee Benefit Plans (detail) - Transactions With Respect To Restricted Stock
Note 11 - Stockholders' Equity, Stock Plans And Other Employee Benefit Plans (detail) - Weighted-average Option Fair Values Valuation Assumptions
Note 11 - Stockholders' Equity, Stock Plans And Other Employee Benefit Plans (tables)
Note 12 - Commitments And Contingencies
Note 12 - Commitments And Contingencies (detail)
Note 12 - Commitments And Contingencies (detail) - Non-cancelable Operating Lease Commitments
Note 12 - Commitments And Contingencies (tables)
Note 13 - Related Party Transactions
Note 13 - Related Party Transactions (detail)
Note 14 - Quarterly Financial Information (unaudited)
Note 14 - Quarterly Financial Information (unaudited) (detail) - Quarterly Financial Information
Note 14 - Quarterly Financial Information (unaudited) (tables)
Note 2 - Summary Of Significant Accounting Policies
Note 2 - Summary Of Significant Accounting Policies (detail)
Note 2 - Summary Of Significant Accounting Policies (detail) - Assets And Liabilities Measured At Fair Value On A Recurring Basis
Note 2 - Summary Of Significant Accounting Policies (detail) - Property And Equipment
Note 2 - Summary Of Significant Accounting Policies (detail) - Summary Of Franchise Openings And Closings For The Nathan’s Franchise Restaurant System
Note 2 - Summary Of Significant Accounting Policies (detail) - The Company’s Revenues
Note 2 - Summary Of Significant Accounting Policies (detail) - The Company’s Sales
Note 2 - Summary Of Significant Accounting Policies (tables)
Note 3 - Income Per Share
Note 3 - Income Per Share (detail)
Note 3 - Income Per Share (detail) - Table Of Earnings Per Share Reconciliation
Note 3 - Income Per Share (tables)
Note 4 - Restricted Cash
Note 4 - Restricted Cash (detail)
Note 5 - Marketable Securities
Note 5 - Marketable Securities (detail)
Note 5 - Marketable Securities (detail) - Bond Maturities By Period
Note 5 - Marketable Securities (detail) - Marketable Securities
Note 5 - Marketable Securities (detail) - Proceeds From The Sale Of Available-for-sale Securities And The Resulting Gross Realized Gains And Losses
Note 5 - Marketable Securities (tables)
Note 6 - Accounts And Other Receivables, Net
Note 6 - Accounts And Other Receivables, Net (detail)
Note 6 - Accounts And Other Receivables, Net (detail) - Accounts And Other Receivables, Net
Note 6 - Accounts And Other Receivables, Net (detail) - Changes In Allowance For Doubtful Accounts
Note 6 - Accounts And Other Receivables, Net (tables)
Note 7 - Long-term Investment
Note 7 - Long-term Investment (detail)
Note 8 - Property And Equipment, Net
Note 8 - Property And Equipment, Net (detail) - Property And Equipment Consists Of The Following
Note 8 - Property And Equipment, Net (tables)
Note 9 - Accrued Expenses, Other Current Liabilities And Other Liabilities
Note 9 - Accrued Expenses, Other Current Liabilities And Other Liabilities (detail) - Accrued Expenses And Other Current Liabilities Consist Of The Following
Note 9 - Accrued Expenses, Other Current Liabilities And Other Liabilities (detail) - Other Liabilities Consist Of The Following
Note 9 - Accrued Expenses, Other Current Liabilities And Other Liabilities (tables)
Schedule Ii - Valuation And Qualifying Accounts
Schedule Ii - Valuation And Qualifying Accounts (detail) - Valuation And Qualifying Accounts
Ticker: NATH
CIK: 69733
Form Type: 10-K Annual Report
Accession Number: 0001437749-13-007587
Submitted to the SEC: Fri Jun 14 2013 6:02:59 AM EST
Accepted by the SEC: Fri Jun 14 2013
Period: Sunday, March 31, 2013
Industry: Retail Eating Places

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/nath/0001437749-13-007587.htm