Note 6 - Capital Expenditures (Tables)

9 Months Ended

Nov. 10, 2013

Commitments and Contingencies Disclosure [Abstract]

Contractual Obligation, Fiscal Year Maturity Schedule [Table Text Block]

Number of Units

Period

Type

Capital Cost (1)

Fiscal 2015

Remodels

900,000

Fiscal 2016

Remodels

1,655,000

Fiscal 2017

Remodels

1,000,000

Fiscal 2017

Refresh (2)

100,000

Fiscal 2017

Taco Bell

350,000

Total 2017

1,450,000

Fiscal 2018

Remodels

790,000

Fiscal 2018

Refresh (2)

100,000

Fiscal 2018

Taco Bell

350,000

Total 2018

1,240,000

Fiscal 2019

Remodels

940,000

Fiscal 2019

Taco Bell

350,000

Total 2019

1,290,000

Fiscal 2020

Refresh (2)

675,000

Fiscal 2021

Refresh (2)

675,000

Fiscal 2022

Refresh (2)

650,000

Fiscal 2022

Taco Bell

350,000

Total 2022

1,000,000

Fiscal 2023

Refresh (2)

725,000

Fiscal 2023

Taco Bell

350,000

Total 2023

1,075,000

Fiscal 2024

Taco Bell

350,000

Fiscal 2025

Refresh (2)

75,000

Fiscal 2025

Taco Bell

350,000

Total 2025

425,000

Total

10,735,000

(1) These amounts are based on estimates of current construction costs and actual costs may vary.

(2) Reflects the estimated cost of dining room update and exterior paint and refurbishment on restaurants previously remodeled to the current image. Costs may also include the addition of equipment such as coolers necessary to meet Franchisor standards.

MORGANS FOODS INC 10-Q