v3.26.1
Summary of Significant Accounting Policies (Tables)
 9 Months Ended
Mar. 29, 2026
Summary of Significant Accounting Policies [Abstract]  
Financial Assets and Financial Liabilities Measured at Fair Value
The following table summarizes the Company’s financial assets and financial liabilities measured at fair value (in thousands):
 
                                 
                                 
                                 
                                 
                                         
   March 29,
2026
   June 29,
2025		 
Fair Value Measurements
 
Level 1
   
Level 2
   
Level 3
   
Total
   
Level 1
   
Level 2
   
Level 3
   
Total
 
U.S. Treasury bills
 $10,855   $ -    $ -    $10,855   $7,024   $ -    $ -    $7,024 
   $10,855   $ -    $ -    $10,855   $7,024   $ -    $ -    $7,024 
Allowance for Credit Losses
Changes in the allowance for credit losses from continuing operations consisted of the following (in thousands):
 
                     
 
Three Months Ended  
Nine Months Ended  
    March 29,
2026 		    March 30,
2025 		    March 29,
2026 		    March 30,
2025 		 
Balance at beginning of year
 $41   $42   $31   $57 
Provision (recovery) for credit losses
  9    (14)    20    (22) 
Amounts recovered (written off)
  (1)    2    (2)    (5) 
Ending balance  $49   $30   $49   $30 
Total Revenues
Total revenues consist of the following (in thousands):
 
                     
 
Three Months Ended  
Nine Months Ended  
    March 29,
2026 		    March 30,
2025 		    March 29,
2026 		    March 30,
2025 		 
Franchise royalties
 $1,184   $1,156   $3,495   $3,420 
Supplier and distributor incentive revenues
  1,449    1,230    4,085    3,578 
Franchise license fees
  27    52    70    116 
Area development exclusivity fees and foreign master license fees
  3    3    9    10 
Advertising fund contributions
  548    514    1,598    1,480 
Supplier convention funds
   -      -     209    217 
Rental income
   -     7     -     53 
Other franchise revenue
  12    4    12    11 
   $3,223   $2,966   $9,478   $8,885 
Changes Deferred Franchise and Development Fees
The following table reflects the changes in deferred franchise and development fees for the nine months ended on March 29, 2026 and March 30, 2025 (in thousands):
 
         
    March 29,
2026 		    March 30,
2025 		 
Beginning balance
 $460   $549 
Additions
  87    69 
Amount recognized to franchise revenues
  (79)    (126) 
Ending balance
 $468   $492 
Franchise and Development Fees
The following table illustrates franchise and development fees expected to be recognized in the future related to performance obligations that were unsatisfied or partially satisfied as of March 29, 2026 (in thousands):
 
 
 
Fiscal Year
  Franchise and
Development Fees
Revenue Recognition 		 
2026
 $27 
2027
  63 
2028
  56 
2029
  54 
2030
  43 
Thereafter
  225 
   $468