bwl-a20190930

FORM 10-Q

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

FOR THE QUARTERLY PERIOD ENDED: SEPTEMBER 29, 2019

COMMISSION FILE NUMBER: 001-7829

BOWL AMERICA INCORPORATED

(Exact name of registrant as specified in its charter)

MARYLAND	54-0646173
(State of Incorporation)	(I.R.S.Employer Identification No.)

6446 Edsall Road, Alexandria, Virginia 22312

(Address of principal executive offices)(Zip Code)

(703) 941-6300

(Registrant's telephone number including area code)

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes X No __

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (232.405) of this chapter during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

Yes X No __

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “ large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large Accelerated Filer __ Accelerated Filer __

Non-Accelerated Filer __ Smaller Reporting Company X Emerging Growth Company __

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended

transition period for complying with any new or revised financial accounting standards

provided pursuant to Section 13(a) of the Exchange Act. __

Indicate by check mark whether the registrant is a shell company (as defined by Rule 12b-2 of the Exchange Act)

Yes __ No X

Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date:

	Shares Outstanding at
	November 10, 2019
Class A Common Stock,
$.10 par value	3,746,454

Class B Common Stock,
$.10 par value	1,414,517

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Class A Common stock (par value $.10)	BWL-A	NYSE American

PART 1. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

BOWL AMERICA INCORPORATED AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS

(Unaudited)

	Thirteen Weeks Ended
	September 29,			September 30
	2019			2018
Operating Revenues:
Bowling and other	$	3,609,673		$	3,833,291
Food, beverage and merchandise sales		1,514,938			1,608,177
Total Operating Revenue		5,124,611			5,441,468

Operating Expenses:
Employee compensation and benefits		2,735,214			2,741,653
Cost of bowling and other services		1,602,173			1,536,746
Cost of food, beverage and merchandise sales		444,032			483,527
Depreciation and amortization		235,178			232,130
General and administrative		268,099			207,660
Total Operating Expenses		5,284,696			5,201,716

Operating Income		(160,085	)		239,752

Interest, dividend and other income		106,457			105,421
Change in value of investments		429,053			238,278

Earnings before provision for income tax		375,425			583,451

Provision for income tax		90,100			143,070

Net Earnings	$	285,325		$	440,381

Net Earnings per share-basic & diluted		.06			.09

Weighted average shares outstanding		5,160,971			5,160,971

Dividends paid	$	903,170		$	877,365

Per share, dividends paid, Class A	$	.175		$	.17

Per share, dividends paid, Class B	$	.175		$	.17

The operating results for the thirteen (13) week period ended September 29, 2019 are not necessarily indicative of results to be expected for the year. See notes to condensed consolidated financial statements.

BOWL AMERICA INCORPORATED AND SUBSIDIARIES

Condensed Consolidated Balance Sheets

(Unaudited)

	As of
	September 29,		June 30,
	2019		2019
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	1,124,148	$	269,844
Short-term investments		134,130		433,249
Marketable investment securities		6,474,494		7,029,916
Inventories		518,386		518,121
Prepaid expenses and other		202,671		740,476
Income taxes refundable		446,402		441,402
TOTAL CURRENT ASSETS		8,900,231		9,433,008
LAND, BUILDINGS & EQUIPMENT, net of accumulated depreciation of $40,775,934 and $41,706,408		18,109,049		18,141,526

OTHER ASSETS:
Right to use asset		1,931,101		-
Cash surrender value-life insurance		747,102		747,102
Other		67,315		67,315
TOTAL OTHER ASSETS		2,745,518		814,417
TOTAL ASSETS	$	29,754,798	$	28,388,951

LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable	$	417,398	$	820,491
Accrued expenses		760,134		1,032,823
Dividends payable		903,170		903,170
Other current liabilities		1,091,804		308,794
TOTAL CURRENT LIABILITIES		3,172,506		3,065,278
Lease liability		1,787,424		-
DEFERRED INCOME TAXES		1,492,547		1,403,507
TOTAL LIABILITIES		6,452,477		4,468,785

COMMITMENTS AND CONTINGENCIES

STOCKHOLDERS' EQUITY
Preferred stock, par value $10 a share: Authorized and unissued, 2,000,000 shares		-		-
Common stock, par value $.10 a share: Authorized, 10,000,000 shares
Class A issued and outstanding 3,746,454		374,645		374,645
Class B issued and outstanding 1,414,517		141,452		141,452
Additional paid-in capital		7,854,108		7,854,108
Retained earnings		14,932,116		15,549,961
TOTAL STOCKHOLDERS' EQUITY		23,302,321		23,920,166

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	29,754,798	$	28,388,951

See notes to condensed consolidated financial statements.

BOWL AMERICA INCORPORATED AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

	Thirteen Weeks Ended
	September 29,			September 30,
	2019			2018
Cash Flows From Operating Activities
Net income	$	285,325		$	440,381
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		235,178			232,130
Amortization of right to use asset		46,422			-
Increase in deferred taxes		89,040			60,070
Unrealized gain on marketable securities		(424,849	)		(238,278	)
Net purchases of marketable securities		(10,242	)		(13,515	)
Gain on sale of trading securities		(9,487	)		-
Changes in assets and liabilities
Increase in inventories		(265	)		(70,153	)
Decrease in prepaid & other		537,805			429,378
Decrease in accounts payable		(403,093	)		(385,483	)
Decrease in accrued expenses		(272,689	)		(387,061	)
(Increase) decrease in income taxes refundable		(5,000	)		56,000
Increase in other current liabilities		635,914			664,539
Decrease in lease liability		(43,003	)		-
Net cash provided by operating activities		661,056			788,008

Cash Flows From Investing Activities
Net expenditures for land, building and equipment		(202,701	)		(7,689	)
Net sales & maturities of short-term investments		299,119			99,121
Proceeds from sale of securities		1,000,000			-
Net cash provided by investing activities		1,096,418			91,432

Cash Flows From Financing Activities
Payment of cash dividends		(903,170	)		(877,365	)
Net cash used in financing activities		(903,170	)		(877,365	)

Net Change in Cash and Equivalents		854,304			2,075

Cash and Cash Equivalents, Beginning of period		269,844			1,008,433

Cash and Cash Equivalents, End of period	$	1,124,148		$	1,010,508


Supplemental Disclosures of Cash Flow Information
Cash Paid During the Period for:
Income taxes	$	5,000		$	27,000

See notes to condensed consolidated financial statements.

BOWL AMERICA INCORPORATED AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY

	COMMON STOCK										Accumulated
	Class A Shares		Class A Amount		Class B Shares		Class B Amount		Additional Paid-In Capital		Other Comprehensive Earnings			Retained Earnings
Balance, July 1, 2018		3,746,454	$	374,645		1,414,517	$	141,452	$	7,854,108	$	2,102,745		$	14,010,725
Cash dividends paid		-		-		-		-		-		-			(903,170	)
Reclassification of unrealized gain on available-for-sale securities from other comprehensive income to retained earnings		-		-		-		-		-		(2,102,745	)		2,102,745
Net earnings for the quarter		-		-		-		-		-		-			440,381
Balance, September 30, 2018		3,746,454	$	374,645		1,414,517	$	141,452	$	7,854,108	$	0		$	15,650,681

	COMMON STOCK										Accumulated
	Class A Shares		Class A Amount		Class B Shares		Class B Amount		Additional Paid-In Capital		Other Comprehensive Earnings		Retained Earnings
Balance, June 30, 2019		3,746,454	$	374,645		1,414,517	$	141,452	$	7,854,108	$	-	$	15,549,961
Cash dividends paid		-		-		-		-		-		-		(903,170	)
Net earnings for the quarter		-		-		-		-		-		-		285,325
Balance, September 29, 2019		3,746,454	$	374,645		1,414,517	$	141,452	$	7,854,108	$	-	$	14,932,116

The accompanying notes to the consolidated financial statements are an integral part of these financial statements.

BOWL AMERICA INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

For the Thirteen Weeks Ended

September 29, 2019

(Unaudited)

1. Basis for Presentation

The accompanying unaudited condensed consolidated financial statements of Bowl America Incorporated and subsidiaries (the "Company"), have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission. The condensed consolidated balance sheet as of June 30, 2019 has been derived from the Company's audited financial statements. Certain information and note disclosures normally included in the annual financial statements, prepared in accordance with accounting principles generally accepted in the United States of America, have been condensed or omitted pursuant to those rules and regulations, although the Company believes that the disclosures made are adequate to make the information presented not misleading.

In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments and reclassifications (all of which are of a normal, recurring nature) that are necessary for the fair presentation of the Company’s financial position and results of operations for the periods presented. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company's annual report on Form 10-K for the year ended June 30, 2019.

2. Investments

The Company’s investments are categorized as current assets. Short-term investments consist of certificates of deposits and treasury bills with maturities of generally three months to one year. Equity securities consist primarily of telecommunications stocks and a mutual fund that invests in federal agency mortgage backed securities (Ginnie Mae). The fair value of the Company’s investments at September 29, 2019 and June 30, 2019 were as follows:

September 29, 2019
Description	Fair Value		Cost basis		Unrealized Gain (Loss)
Short-term investments	$	134,130	$	134,130	$	-
Equity securities	$	5,522,733	$	1,279,914	$	4,242,819
Mutual funds	$	951,761	$	941,141	$	10,620
June 30, 2019
Description	Fair Value		Cost basis		Unrealized Gain
Short-term investments	$	433,249	$	433,249	$	-
Equity securities	$	5,100,341	$	1,279,914	$	3,820,427
Mutual funds	$	1,929,575	$	1,921,413	$	8,162

The fair values of the Company’s investments were determined as follows:

September 29, 2019			Significant
Description	Quoted Price for Identical Assets (Level 1)		Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)

Certificates of deposits and Treasury Bills	$	-	$	134,130	$	-
Equity securities		5,522,733		-		-
Mutual funds		951,761		-		-

Total	$	6,474,494	$	134,130	$	-
June 30, 2019			Significant
Description	Quoted Price for Identical Assets (Level 1)		Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)

Certificates of deposits	$	-	$	433,249	$	-
Equity securities		5,100,341		-		-
Mutual funds		1,929,575		-		-

Total	$	7,029,916	$	433,249	$	-

The equity securities portfolio includes the following stocks:

AT&T shares			82,112
Manulife shares			2,520
Uniti shares			815
NCR shares			774
Teradata shares			774
Vodafone shares			6,471
CenturyLink shares			4,398
Frontier Communications shares			300
Sprint shares			40,000
Verizon shares			31,904
Windstream shares			135

The Mutual fund included in the table above is Vanguard GNMA Admiral Shares #536 fund. The fair value of certificates of deposits is estimated using present value techniques and comparing the values derived from those techniques to certificates with similar values.

3. Leasing arrangements

As of September 29, 2019, the Company leases one bowling center. The lease is classified as an operating lease in accordance with ASU 2016-02. For the first quarter ended September 29, 2019, the Company recorded amortization of its right to use asset under the related lease of $46,422 which is included as a component of rent expense. The related lease liability at September 29, 2019 was $1,934,520. The current portion of the lease liability of $147,096 is included in other current liabilities on the accompanying condensed consolidated balance sheet.

4. Commitments and Contingencies

The Company’s purchase commitments at September 29, 2019, are for materials, supplies, services and equipment as part of the normal course of business.

5. Employee benefit plans

The Company has two defined contribution plans with Company contributions determined by the Board of Directors. The Company has no defined benefit plan or other postretirement plan.

5. New Accounting Standards

In February 2016, the FASB issued guidance on leases which requires entities to recognize right-of-use assets and lease liabilities on the balance sheet for the rights and obligations created by all leases, including operating leases, with terms of more than 12 months. The new guidance also requires additional disclosures on the amount, timing, and uncertainty of cash flows arising from leases. These disclosures include qualitative and quantitative information. This amendment is effective for the Company’s fiscal year ending June 2020 with early adoption permitted. The Company adopted this standard effective July 1, 2019. The result was the recognition of a right to use asset of $1,977,523 and a corresponding lease liability for the same amount.

In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”), which creates a single, comprehensive revenue recognition model for all contracts with customers. Under this ASU and subsequently issued amendments, an entity should recognize revenue to reflect the transfer of promised goods or services to customers at an amount that the entity expects to be entitled to in exchange for those goods and services. ASU 2014-9 may be adopted either retrospectively or on a modified retrospective basis. The standard is effective for interim and annual reporting periods beginning after December 15, 2017. The FASB permits early adoption of the standard, but not before the original effective date of December 15, 2016. The Company adopted the standard effective July 2, 2018 and determined there was no material effect on the financial statements.

In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement. As part of the FASB's disclosure framework project, it has eliminated, amended and added disclosure requirements for fair value measurements. Entities will no longer be required to disclose the amount of, and reasons for, transfers between Level 1 and Level 2 of the fair value hierarchy, the policy of timing of transfers between levels of the fair value hierarchy and the valuation processes for Level 3 fair value measurements. Public companies will be required to disclose the range and weighted average used to develop significant unobservable inputs for Level 3 fair value measurements. This ASU is effective for public entities for annual and interim periods beginning after December 15, 2019. Early adoption is permitted as of the beginning of any interim or annual reporting period. The Company does not believe it will materially impact the disclosures.

6. Reclassifications

Certain previous year amounts have been reclassified to conform with current year presentation.

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

FORWARD-LOOKING STATEMENTS

This Quarterly Report on Form 10-Q contains forward-looking statements concerning our business, operations and financial performance and condition as well as our plans, objectives and expectations for our business operations and financial performance and condition that are subject to risks and uncertainties. All statements other than statements of historical fact included in this Quarterly Report on Form 10-Q are forward-looking statements. These forward-looking statements are based on current expectations, estimates, forecasts and projections about our business, our sales and the industry in which we operate and our management’s beliefs and assumptions. These statements are not guarantees of future performance or development and involve risks, uncertainties and other factors that are in some cases beyond our control. The forward-looking statements included in this Quarterly Report on Form 10-Q are made as of the date hereof. We are under no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.

LIQUIDITY AND CAPITAL RESOURCES

The Company views a strong financial position as a major benefit to shareholders and emphasizes payment of dividends as

part of its financial plan. A portion of earnings has consistently been invested to create a reserve to protect the Company in downturns in business, to capitalize on opportunities for expansion and modernization, to provide a secure source of income and to provide a predictable return to its owners. For these reasons, the Company prefers a conservative approach to investing rather than taking greater risk for possible rapid growth. The Company balances market volatility by using both fixed income and equity investments in managing its reserve funds. Any equity security is subject to price fluctuation, however, the stocks held by the Company have historically had relatively low volatility. The Company has long been invested in a Government National Mortgage Association (“Ginnie Mae”) fund and domestically domiciled stocks with the perceived potential of appreciation, primarily telecommunications stocks. The Company considers that this diversity also provides a measure of safety of principal.

With the exception of 13,120 shares of Verizon, the common stocks in our portfolio have come from spin-offs, mergers and acquisitions of AT&T and United Telecommunications (now Sprint) purchased in 1979 and 1984 and one insurance company acquired at no cost when the company demutualized. While not all stocks in the portfolio are domestic American companies any longer, since the original purchases at an approximate cost of $630,000, we have received approximately $967,000 from mergers and sales and over $5,300,000 in dividends, the majority of which were tax favored in the form of exclusion from federal taxable income. While the exclusion continues into this fiscal year the Tax Cuts and Jobs Act (“Tax Act”) reduces the percent excludable. These marketable securities are carried at their fair value on the last day of each reporting period. The value of the securities on September 29, 2019 was approximately $5.5 million. The value of securities held at June 30, 2019 was approximately $5.1 million. Effective July 2, 2018 these securities were reclassified to current assets from long-term marketable securities.

The Company’s original investment in the Vanguard GNMA bond fund began in 1988 with purchases of shares in the fund totaling approximately $1,400,000 and has been viewed as a reserve source of income as stated above. The fund is carried at fair value on the last day of the reporting period. At September 29, 2019, the value was approximately $952,000. In August 2019 approximately $1,000,000 of the fund was redeemed to meet the August 2019 dividend payment.

Short-term investments including any Certificates of Deposits, Treasury Bills and cash and cash equivalents totaled $1,258,278 at September 29, 2019 compared to $703,093 at June 30, 2019.

The Company’s position in all the above investments is a source of capital for possible expansion. Potential volatility in the trading prices of the marketable securities held by the Company could impact the Company’s opportunities for expansion. The Board of Directors reviews the portfolio and any use of this reserve at its quarterly meetings.

The Company closed its leased Mathis Avenue location in Manassas, Virginia, which had been operating with a negative cash flow, on July 28, 2019. Most of the equipment was transferred to our other locations.

During the three-month period ended September 29, 2019, the Company expended approximately $203,000 for the purchase of building, entertainment and restaurant equipment. The Company has no current plans to obtain additional third party funding as cash and cash flows are sufficient to finance all contemplated purchases and to meet short-term purchase commitments and operating lease commitments.

The first quarter decreases in the categories of Prepaid expenses and other and of Accounts Payable were attributable primarily to the timing of the payments including compensation, insurance and taxes and for contributions to benefit plans.

Current liabilities generally increase during the first three quarters of the fiscal year as bowling leagues deposit prize fund monies with the Company throughout the league season. These funds are returned to the leagues at the end of the bowling season, generally in the fourth quarter. At September 29, 2019, league deposits of approximately $766,000 were included in the current liabilities category.

Cash flow provided by operating activities in the thirteen weeks ended September 29, 2019 was $661,000 which, along with cash on hand and the redemption of a portion of the GNMA fund, mentioned above, was sufficient to meet day-to-day cash needs and pay dividends. Cash dividends of approximately $903,170, or $.175 per share, were paid to shareholders during the three-month period ended September 29, 2019. In September 2019, the Company declared a regular quarterly dividend of $.175 per share, payable November 14, 2019. The economic climate is part of the consideration at the Directors’ quarterly reviews of future estimates of cash flows. The Board of Directors decides the amount and timing of any dividend at its quarterly meeting based on its appraisal of the state of the business and estimate of future opportunities at such time.

Overview

The Company is in the entertainment business which, by its nature, has ups and downs based on consumer tastes and preferences. Generally, promotional and open play bowling which depends on the public’s discretionary budget dollars and their choices, accounts for more than half of our business. While bowling has the advantage of being an entertainment that is close to home and relatively inexpensive, new forms of sports and entertainment are offered to the public continually creating challenges, but our response is helped by having the resources to be able to promote the sport. Weather is also a factor, especially for casual bowlers. While extreme heat or rainy weather prompt people to look for indoor activities, heavy snow storms can keep customers from reaching the centers. Postponed league games are made up later in the season, but lost open play income is never recovered. The Company operates primarily in the Washington, DC area where its business is vulnerable to sequestration or other downsizing of the federal government.

RESULTS OF OPERATIONS

The following table sets forth the items in our consolidated summary of operations for the fiscal quarters ended September 29, 2019 and September 30, 2018, and the dollar and percentage changes therein.

	Thirteen weeks ended
	September 29, 2019 and September 30, 2018
	Dollars in thousands
	2019			2018		Change			% Change
Operating Revenues:
Bowling and other	$	3,610		$	3,833	$	(223	)		(5.8	)
Food, beverage and merchandise sales		1,515			1,608		(93	)		(5.8	)
		5,125			5,441		(316	)		(5.8	)
Operating Expenses:
Employee Compensation and benefits		2,736			2,741		(5	)		(0.2	)
Cost of bowling and other services		1,602			1,537		65			4.2
Cost of food, beverage and merchandise sales		444			483		(39	)		(8.1	)
Depreciation and amortization		235			232		3			1.3
General and administrative		268			208		60			28.8
		5,285			5,201		84			1.6

Operating (loss) income		(160	)		240		(400	)		(166.7	)

Interest, dividend and other income		106			105		1			0.1
Change in market value of marketable securities		429			238		191			80.3
Earnings before income taxes		375			583		(208	)		(35.7	)
Income taxes		90			143		(53	)		(37.1	)
Net Earnings	$	285		$	440	$	(155	)		(35.2	)

For the thirteen week period ended September 29, 2019, net earnings were $285,325, or $.06 per share and for the prior year period ended September 30, 2018 net earnings were $440,000 or $.09 per share. Eighteen locations were in operation in the first month of the current year quarter, before the Manassas closing mentioned above, and throughout the prior year quarter. Expenses related to closing were approximately $104,000 in the quarter. The bowling business is seasonal and the first quarter which includes summer months is typically the slowest. Management believes that good weather and rain free weekends throughout much of the first quarter of fiscal 2020 contributed to a decline in open play bowling. The operating results for the fiscal 2020 period included in this report are not necessarily indicative of results to be expected for the year.

Operating Revenues

Total operating revenues decreased 5.8% or $316,000 to $5,125,000 in the thirteen-week period ended September 29, 2019, compared to an increase of 3.3% or $177,000 to $5,441,000 in the three-month period ended September 30, 2018. Bowling and other revenue decreased $223,000 or 5.8% in the current year fiscal quarter compared to an increase of $85,000 or 2.3% in the comparable prior year quarter. Food, beverage and merchandise sales were down $93,000 or 5.8% in the current year quarter compared to an increase of $92,000 or 6.0% in the prior year comparable quarter. Cost of sales decreased $39,000 in the current year three-month period.

Operating Expenses

Operating expenses increased $84,000 or 1.6% to $5,285,000 in the three-month period ended September 29, 2019 compared to an increase of $133,000 or 2.6% to $5,201,000 in the prior year quarter ended September 30, 2018. Employee compensation and benefits were down $5,000 or 0.2% and up $57,000 or 2.1% in the fiscal first quarters of 2020 and 2019, respectively. Included in this category of expense are contributions to our two benefit plans, both of which are defined contribution plans. There is no additional obligation beyond the current year contribution.

Cost of bowling and other services increased $65,000 or 4.2% in the quarter ended September 29, 2019 versus an increase of $69,000 or 4.7% in the comparable quarter ended September 30, 2018. Maintenance and repair costs increased $15,000 or 7.5% and $11,000 or 5.6% in the current year and prior year quarters, respectively. Both the current and prior year periods included roof and building repairs at several locations. Advertising costs decreased $19,000 or 18.4% in the quarter ended September 29, 2019. Utility costs were flat in the current period versus a decrease of $8,000 or 2.0% in the prior year quarter. Supplies and services expenses were up $26,000 or 15.8% in part related to closing costs at Manassas in the current year period and were flat in the prior period.

Depreciation and amortization expense increased $3,000 or 1.3% period ended September 29, 2019 due to increased capital purchases.

The quarter ended September 29, 2019 resulted in a net operating loss of $160,000 which includes approximately $104,000 in one-time expenses related to the closing of the Manassas location. Operating income was $240,000 in the prior year period.

Interest, Dividend and Other Income

Interest, dividend and other income increased $1,000 to $106,000 in the three month period ended September 29, 2019.

Income taxes

The Tax Act of December 2017 reduced the federal corporate tax rate from 34% to 21%. Taxes for both the current year and prior year quarters ended September 29, 2019 and September 30, 2018 reflect the reduced rate.

CRITICAL ACCOUNTING POLICIES

Management has identified accounting for marketable investment securities as a critical accounting policy due to the significance of the amounts included in the Company’s balance sheet under the captions of Short-term investments and Marketable investment securities. The Company exercises judgment in determining their fair value. The Company records these investments at their fair value with the unrealized gain or loss recorded in income or loss in the current period.

Management has identified accounting for the impairment of long-lived assets as a critical accounting policy due to the significance of the amounts included in the Company’s balance sheet under the caption of Land, Buildings and

Equipment. The Company reviews long-lived assets whenever events or changes indicate that the carrying amount of an asset may not be recoverable. In making such evaluations, the Company compares the expected future cash flows to the carrying amount of the assets. An impairment loss equal to the difference between the assets’ fair value and carrying value is recognized when the estimated future cash flows are less than the carrying amount.

ITEM 4. CONTROLS AND PROCEDURES.

The Company’s Interim Chief Executive Officer and Chief Financial Officer has concluded that the Company’s disclosure controls and procedures are effective based on her evaluation of such controls and procedures as of September 29, 2019. There was no change in the Company’s internal control over financial reporting identified in connection with the evaluation that occurred during the quarter ended September 29, 2019, that materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting.

BOWL AMERICA INCORPORATED AND SUBSIDIARIES

S.E.C. FORM 10-Q

PART II - OTHER INFORMATION

Item 6. Exhibits.

20	Press release issued November 12, 2019 (furnished herewith)

31	Certification of Interim Chief Executive Officer and Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act filed herewith

32	Written Statement of the Interim Chief Executive Officer and Chief Financial Officer Pursuant to 18 U.S.C. 1350 filed herewith

101	Interactive data files for the thirteen weeks ended September 29, 2019 in eXtensible Business Reporting Language

Pursuant to the requirements of the Securities Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	Bowl America Incorporated
		(Registrant)


Date: November 12, 2019	By:	/s/ Cheryl A. Dragoo
		Cheryl A. Dragoo, Interim CEO and CFO

ex_163406.htm

Exhibit 20 Press release issued November 12, 2019

For Immediate Release

November 12, 2019

BOWL AMERICA REPORTS FIRST QUARTER EARNINGS

Bowl America Incorporated today reported its fiscal 2020 first quarter earnings were $.06 per share versus earnings of $.09 per share in the first quarter of fiscal 2019. The Company closed a leased bowling center operating with negative cash flow in July 2019 and costs related to the closing of approximately $104,000 during the quarter heavily impacted first quarter operating expenses. The first quarter, occurring in the summer months, is historically slow and management believes that good weather and rain free weekends allowed customers to enjoy outdoor venues.

Leslie H. Goldberg, President of the Company for over 40 years, died October 14, 2019. He was the son of Bowl America’s founder C. Edward Goldberg and only the second president in the Company’s 60 year history. He will be missed by all.

Bowl America operates 17 bowling centers and its Class A Common Stock trades on the NYSE American Exchange with the symbol BWLA. A more detailed explanation of results is available in the Company’s S.E.C. Form 10-Q filing, available at the Company’s web site www.bowlamericainc.com.

* * * *

BOWL AMERICA INCORPORATED

Results of Operations

(unaudited)

	Thirteen weeks ended
	September 29, 2019		September 30, 2018
Operating Revenues
Bowling and other	$	3,609,673	$	3,833,291
Food & merchandise sales		1,514,938		1,608,177
		5,124,611		5,441,468
Operating expenses excluding depreciation and amortization		5,049,518		4,969,586
Depreciation and amortization		235,178		232,130
Interest, dividend & other income		106,457		105,421
Change in value of investments		429,053		238,278
Earnings before tax		375,425		583,451
Net Earnings	$	285,325	$	440,381

Comprehensive earnings	$	285,325	$	440,381
Weighted average shares outstanding		5,160,971		5,160,971

Earnings per share		.06		.09

SUMMARY OF FINANCIAL POSITION

(unaudited)

Dollars in Thousands

	09/29/19		09/30/18
ASSETS

Total current assets including cash and investments of $7,733 & $8,138	$	8,900	$	9,166
Property and other assets		20,855		19,258
TOTAL ASSETS	$	29,755	$	28,424


LIABILITIES AND STOCKHOLDERS' EQUITY

Total current liabilities	$	3,173	$	3,014
Other liabilities		3,280		1,389
Stockholders' equity		23,302		24,021
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	29,755	$	28,424

ex_163295.htm

EX-31

Exhibit 31 to Form 10-Q

Certification of Chief Executive Officer and

Chief Financial Officer

Pursuant to Section 302 of the Sarbanes-Oxley Act and Rule 13a-14(a)

Or 15d-14(a) under the Securities Exchange Act of 1934

I, Cheryl A. Dragoo, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Bowl America Incorporated;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under my supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to me by others within those entities, particularly during the period in which this report is being prepared;

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under my supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report my conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: November 12, 2019	/s/ Cheryl A. Dragoo
	Cheryl A. Dragoo
	Interim Chief Executive Officer and
	Chief Financial Officer

ex_163296.htm

Exhibit 32 to Form 10Q

Written Statement of the Chief Executive Officer and Chief Financial Officer

Pursuant to 18 U.S.C. 1350

Solely for the purposes of complying with 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, I, the undersigned Interim Chief Executive Officer and Chief Financial Officer of Bowl America Incorporated (the "Company"), respectively, hereby certify, based on my knowledge, that the Quarterly Report on Form 10-Q of the Company for the quarter ended September 29, 2019 (the "Report"), fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and that the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ Cheryl A. Dragoo

Cheryl A. Dragoo

Interim Chief Executive Officer and

Chief Financial Officer

Date: November 12, 2019

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Sep. 29, 2019	Jun. 30, 2019
CURRENT ASSETS:
Cash and cash equivalents	$ 1,124,148	$ 269,844
Short-term investments	134,130	433,249
Marketable investment securities	6,474,494	7,029,916
Inventories	518,386	518,121
Prepaid expenses and other	202,671	740,476
Income taxes refundable	446,402	441,402
TOTAL CURRENT ASSETS	8,900,231	9,433,008
LAND, BUILDINGS & EQUIPMENT, net of accumulated depreciation of $40,775,934 and $41,706,408	18,109,049	18,141,526
OTHER ASSETS:
Right to use asset	1,931,101
Cash surrender value-life insurance	747,102	747,102
Other	67,315	67,315
TOTAL OTHER ASSETS	2,745,518	814,417
TOTAL ASSETS	29,754,798	28,388,951
CURRENT LIABILITIES:
Accounts payable	417,398	820,491
Accrued expenses	760,134	1,032,823
Dividends payable	903,170	903,170
Other current liabilities	1,091,804	308,794
TOTAL CURRENT LIABILITIES	3,172,506	3,065,278
Lease liability	1,787,424
DEFERRED INCOME TAXES	1,492,547	1,403,507
TOTAL LIABILITIES	6,452,477	4,468,785
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY
Preferred stock, par value $10 a share: Authorized and unissued, 2,000,000 shares
Additional paid-in capital	7,854,108	7,854,108
Retained earnings	14,932,116	15,549,961
TOTAL STOCKHOLDERS' EQUITY	23,302,321	23,920,166
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	29,754,798	28,388,951
Common Class A [Member]
STOCKHOLDERS' EQUITY
Common Stock	374,645	374,645
Common Class B [Member]
STOCKHOLDERS' EQUITY
Common Stock	$ 141,452	$ 141,452

Note 1 - Basis for Presentation	3 Months Ended
Note 1 - Basis for Presentation	Sep. 29, 2019
Notes to Financial Statements
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]	1. Basis for Presentation The accompanying unaudited condensed consolidated financial statements of Bowl America Incorporated and subsidiaries (the "Company"), have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission. The condensed consolidated balance sheet as of June 30, 2019 has been derived from the Company's audited financial statements. Certain information and note disclosures normally included in the annual financial statements, prepared in accordance with accounting principles generally accepted in the United States of America, have been condensed or omitted pursuant to those rules and regulations, although the Company believes that the disclosures made are adequate to make the information presented not misleading. In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments and reclassifications (all of which are of a normal, recurring nature) that are necessary for the fair presentation of the Company’s financial position and results of operations for the periods presented. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company's annual report on Form 10 -K for the year ended June 30, 2019.

Note 5 - Employee Benefit Plans	3 Months Ended
Note 5 - Employee Benefit Plans	Sep. 29, 2019
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	5. Employee benefit plans The Company has two defined contribution plans with Company contributions determined by the Board of Directors. The Company has no defined benefit plan or other postretirement plan.

Note 2 - Investments - Summary of Investments (Details) - USD ($)	Sep. 29, 2019	Jun. 30, 2019
Short-term Investments [Member]
Fair Value	$ 134,130	$ 433,249
Cost Basis	134,130	433,249
Unrealized Gain
Equity Securities [Member]
Fair Value	5,522,733	5,100,341
Cost Basis	1,279,914	1,279,914
Unrealized Gain	4,242,819	3,820,427
Mutual Fund [Member]
Fair Value	951,761	1,929,575
Cost Basis	941,141	1,921,413
Unrealized Gain	$ 10,620	$ 8,162

Note 5 - Employee Benefit Plans (Details Textual)	3 Months Ended
Note 5 - Employee Benefit Plans (Details Textual)	Sep. 29, 2019
Defined Contribution Plan Number of Plans	2

Condensed Consolidated Statements of Earnings (Unaudited) - USD ($)	3 Months Ended
	Sep. 29, 2019	Sep. 30, 2018
Operating Revenues:
Operating revenue	$ 5,124,611	$ 5,441,468
Operating Expenses:
Employee compensation and benefits	2,735,214	2,741,653
Depreciation and amortization	235,178	232,130
General and administrative	268,099	207,660
Total Operating Expenses	5,284,696	5,201,716
Operating Income	(160,085)	239,752
Interest, dividend and other income	106,457	105,421
Change in value of investments	429,053	238,278
Earnings before provision for income tax	375,425	583,451
Provision for income tax	90,100	143,070
Net Earnings	$ 285,325	$ 440,381
Net Earnings per share-basic & diluted (in dollars per share)	$ 0.06	$ 0.09
Weighted average shares outstanding (in shares)	5,160,971	5,160,971
Dividends paid	$ 903,170	$ 877,365
Common Class A [Member]
Operating Expenses:
Per share, dividends paid (in dollars per share)	$ 0.175	$ 0.17
Common Class B [Member]
Operating Expenses:
Per share, dividends paid (in dollars per share)	$ 0.175	$ 0.17
Bowling and Other [Member]
Operating Revenues:
Operating revenue	$ 3,609,673	$ 3,833,291
Operating Expenses:
Cost of goods and services sold	1,602,173	1,536,746
Food, Beverage, and Merchandise [Member]
Operating Revenues:
Operating revenue	1,514,938	1,608,177
Operating Expenses:
Cost of goods and services sold	$ 444,032	$ 483,527

Consolidated Statements of Stockholders' Equity - USD ($)	Common Stock [Member] Common Class A [Member]	Common Stock [Member] Common Class B [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Balance (in shares) at Jul. 01, 2018	3,746,454	1,414,517
Balance at Jul. 01, 2018	$ 374,645	$ 141,452	$ 7,854,108	$ 2,102,745	$ 14,010,725
Cash dividends paid					(903,170)
Reclassification of unrealized gain on available-for-sale securities from other comprehensive income to retained earnings				(2,102,745)	2,102,745
Net earnings for the quarter					440,381	$ 440,381
Balance (in shares) at Sep. 30, 2018	3,746,454	1,414,517
Balance at Sep. 30, 2018	$ 374,645	$ 141,452	7,854,108	0	15,650,681
Balance (in shares) at Jun. 30, 2019	3,746,454	1,414,517
Balance at Jun. 30, 2019	$ 374,645	$ 141,452	7,854,108		15,549,961	23,920,166
Cash dividends paid					(903,170)
Net earnings for the quarter					285,325	285,325
Balance (in shares) at Sep. 29, 2019	3,746,454	1,414,517
Balance at Sep. 29, 2019	$ 374,645	$ 141,452	$ 7,854,108		$ 14,932,116	$ 23,302,321

Note 3 - Leasing Arrangements (Details Textual)	3 Months Ended
Note 3 - Leasing Arrangements (Details Textual)	Sep. 29, 2019 USD ($)	Sep. 30, 2018 USD ($)
Number of Leases	1
Operating Lease, Right-of-Use Asset, Amortization	$ 46,422
Operating Lease, Liability, Total	1,934,520
Operating Lease, Liability, Current	$ 147,096

Note 4 - Commitments and Contingencies	3 Months Ended
Note 4 - Commitments and Contingencies	Sep. 29, 2019
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	4. Commitments and Contingencies The Company’s purchase commitments at September 29, 2019, are for materials, supplies, services and equipment as part of the normal course of business.

Note 2 - Investments (Tables)

3 Months Ended

Sep. 29, 2019

Notes Tables

Available-for-sale Securities [Table Text Block]

September 29 , 201 9
Description	Fair Value		Cost basis		Unrealized Gain (Loss)
Short-term investments	$	134,130	$	134,130	$	-
Equity securities	$	5,522,733	$	1,279,914	$	4,242,819
Mutual funds	$	951,761	$	941,141	$	10,620
Ju ne 30 , 201 9
Description	Fair Value		Cost basis		Unrealized Gain
Short-term investments	$	433,249	$	433,249	$	-
Equity securities	$	5,100,341	$	1,279,914	$	3,820,427
Mutual funds	$	1,929,575	$	1,921,413	$	8,162

Fair Value, Assets Measured on Recurring Basis [Table Text Block]

September 29 , 201 9			Significant
Description	Quoted Price for Identical Assets (Level 1)		Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)

Certificates of deposits and Treasury Bills	$	-	$	134,130	$	-
Equity securities		5,522,733		-		-
Mutual funds		951,761		-		-

Total	$	6,474,494	$	134,130	$	-
Ju ne 30 , 201 9			Significant
Description	Quoted Price for Identical Assets (Level 1)		Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)

Certificates of deposits	$	-	$	433,249	$	-
Equity securities		5,100,341		-		-
Mutual funds		1,929,575		-		-

Total	$	7,029,916	$	433,249	$	-

Schedule Of Telecommunications Stocks Held [Table Text Block]

AT&T shares			82,112
Manulife shares			2,520
Uniti shares			815
NCR shares			774
Teradata shares			774
Vodafone shares			6,471
CenturyLink shares			4,398
Frontier Communications shares			300
Sprint shares			40,000
Verizon shares			31,904
Windstream shares			135

Note 2 - Investments

3 Months Ended

Sep. 29, 2019

Notes to Financial Statements

Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]

Investments

The Company’s investments are categorized as current assets. Short-term investments consist of certificates of deposits and treasury bills with maturities of generally

three

months to

one

year. Equity securities consist primarily of telecommunications stocks and a mutual fund that invests in federal agency mortgage backed securities (Ginnie Mae). The fair value of the Company’s investments at

September 29, 2019

and

June 30, 2019

were as follows:

September 29 , 201 9
Description	Fair Value		Cost basis		Unrealized Gain (Loss)
Short-term investments	$	134,130	$	134,130	$	-
Equity securities	$	5,522,733	$	1,279,914	$	4,242,819
Mutual funds	$	951,761	$	941,141	$	10,620
Ju ne 30 , 201 9
Description	Fair Value		Cost basis		Unrealized Gain
Short-term investments	$	433,249	$	433,249	$	-
Equity securities	$	5,100,341	$	1,279,914	$	3,820,427
Mutual funds	$	1,929,575	$	1,921,413	$	8,162

The fair values of the Company’s investments were determined as follows:

September 29 , 201 9			Significant
Description	Quoted Price for Identical Assets (Level 1)		Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)

Certificates of deposits and Treasury Bills	$	-	$	134,130	$	-
Equity securities		5,522,733		-		-
Mutual funds		951,761		-		-

Total	$	6,474,494	$	134,130	$	-
Ju ne 30 , 201 9			Significant
Description	Quoted Price for Identical Assets (Level 1)		Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)

Certificates of deposits	$	-	$	433,249	$	-
Equity securities		5,100,341		-		-
Mutual funds		1,929,575		-		-

Total	$	7,029,916	$	433,249	$	-

The equity securities portfolio includes the following stocks:

AT&T shares			82,112
Manulife shares			2,520
Uniti shares			815
NCR shares			774
Teradata shares			774
Vodafone shares			6,471
CenturyLink shares			4,398
Frontier Communications shares			300
Sprint shares			40,000
Verizon shares			31,904
Windstream shares			135

The Mutual fund included in the table above is Vanguard GNMA Admiral Shares

#536

fund. The fair value of certificates of deposits is estimated using present value techniques and comparing the values derived from those techniques to certificates with similar values.

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($)	Sep. 29, 2019	Jun. 30, 2019
Land, buildings, and equipment, accumulated depreciation	$ 40,775,934	$ 41,706,408
Preferred stock, par value (in dollars per share)	$ 10	$ 10
Preferred stock, shares authorized (in shares)	2,000,000	2,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.10	$ 0.10
Common stock, shares authorized (in shares)	10,000,000	10,000,000
Common Class A [Member]
Common stock, shares issued (in shares)	3,746,454	3,746,454
Common stock, shares outstanding (in shares)	3,746,454	3,746,454
Common Class B [Member]
Common stock, shares issued (in shares)	1,414,517	1,414,517
Common stock, shares outstanding (in shares)	1,414,517	1,414,517

Note 5 - New Accounting Standards	3 Months Ended
Note 5 - New Accounting Standards	Sep. 29, 2019
Notes to Financial Statements
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	5. New Accounting Standards In February 2016, the FASB issued guidance on leases which requires entities to recognize right-of-use assets and lease liabilities on the balance sheet for the rights and obligations created by all leases, including operating leases, with terms of more than 12 months. The new guidance also requires additional disclosures on the amount, timing, and uncertainty of cash flows arising from leases. These disclosures include qualitative and quantitative information. This amendment is effective for the Company’s fiscal year ending June 2020 with early adoption permitted. The Company adopted this standard effective July 1, 2019. The result was the recognition of a right to use asset of $1,977,523 and a corresponding lease liability for the same amount. In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014 - 09, Revenue from Contracts with Customers (“ASU 2014 - 09” ), which creates a single, comprehensive revenue recognition model for all contracts with customers. Under this ASU and subsequently issued amendments, an entity should recognize revenue to reflect the transfer of promised goods or services to customers at an amount that the entity expects to be entitled to in exchange for those goods and services. ASU 2014 - 9 may be adopted either retrospectively or on a modified retrospective basis. The standard is effective for interim and annual reporting periods beginning after December 15, 2017. The FASB permits early adoption of the standard, but not before the original effective date of December 15, 2016. The Company adopted the standard effective July 2, 2018 and determined there was no material effect on the financial statements. In August 2018, the FASB issued ASU No. 2018 - 13, Fair Value Measurement Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement . As part of the FASB's disclosure framework project, it has eliminated, amended and added disclosure requirements for fair value measurements. Entities will no longer be required to disclose the amount of, and reasons for, transfers between Level 1 and Level 2 of the fair value hierarchy, the policy of timing of transfers between levels of the fair value hierarchy and the valuation processes for Level 3 fair value measurements. Public companies will be required to disclose the range and weighted average used to develop significant unobservable inputs for Level 3 fair value measurements. This ASU is effective for public entities for annual and interim periods beginning after December 15, 2019. Early adoption is permitted as of the beginning of any interim or annual reporting period. The Company does not believe it will materially impact the disclosures.

Note 2 - Investments - Fair Value Hierarchy (Details) - USD ($)	Sep. 29, 2019	Jun. 30, 2019
Fair Value, Inputs, Level 1 [Member]
Fair Value	$ 6,474,494	$ 7,029,916
Fair Value, Inputs, Level 2 [Member]
Fair Value	134,130	433,249
Fair Value, Inputs, Level 3 [Member]
Fair Value
Certificates of Deposit and Treasury Bill [Member] \| Fair Value, Inputs, Level 1 [Member]
Fair Value
Certificates of Deposit and Treasury Bill [Member] \| Fair Value, Inputs, Level 2 [Member]
Fair Value	134,130	433,249
Certificates of Deposit and Treasury Bill [Member] \| Fair Value, Inputs, Level 3 [Member]
Fair Value
Equity Securities [Member]
Fair Value	5,522,733	5,100,341
Equity Securities [Member] \| Fair Value, Inputs, Level 1 [Member]
Fair Value	5,522,733	5,100,341
Equity Securities [Member] \| Fair Value, Inputs, Level 2 [Member]
Fair Value
Equity Securities [Member] \| Fair Value, Inputs, Level 3 [Member]
Fair Value
Mutual Fund [Member]
Fair Value	951,761	1,929,575
Mutual Fund [Member] \| Fair Value, Inputs, Level 1 [Member]
Fair Value	951,761	1,929,575
Mutual Fund [Member] \| Fair Value, Inputs, Level 2 [Member]
Fair Value
Mutual Fund [Member] \| Fair Value, Inputs, Level 3 [Member]
Fair Value

Note 5 - New Accounting Standards (Details Textual) - USD ($)	Sep. 29, 2019	Jul. 01, 2019
Operating Lease, Right-of-Use Asset	$ 1,931,101
Operating Lease, Liability, Total	$ 1,934,520
Accounting Standards Update 2016-02 [Member]
Operating Lease, Right-of-Use Asset		$ 1,977,523
Operating Lease, Liability, Total		$ 1,977,523

Document And Entity Information - shares	3 Months Ended
Document And Entity Information - shares	Sep. 29, 2019	Nov. 10, 2019
Document Information [Line Items]
Entity Registrant Name	BOWL AMERICA INC
Entity Central Index Key	0000013573
Trading Symbol	bwla
Current Fiscal Year End Date	--06-30
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Shell Company	false
Document Type	10-Q
Document Period End Date	Sep. 29, 2019
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Amendment Flag	false
Title of 12(b) Security	Common Stock
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		3,746,454
Common Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		1,414,517

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Sep. 29, 2019	Sep. 30, 2018
Cash Flows From Operating Activities
Net income	$ 285,325	$ 440,381
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	235,178	232,130
Amortization of right to use asset	46,422
Increase in deferred taxes	89,040	60,070
Unrealized gain on marketable securities	(424,849)	(238,278)
Net purchases of marketable securities	(10,242)	(13,515)
Gain on sale of trading securities	(9,487)
Changes in assets and liabilities
Increase in inventories	(265)	(70,153)
Decrease in prepaid & other	537,805	429,378
Decrease in accounts payable	(403,093)	(385,483)
Decrease in accrued expenses	(272,689)	(387,061)
(Increase) decrease in income taxes refundable	(5,000)	56,000
Increase in other current liabilities	635,914	664,539
Decrease in lease liability	(43,003)
Net cash provided by operating activities	661,056	788,008
Cash Flows From Investing Activities
Net expenditures for land, building and equipment	(202,701)	(7,689)
Net sales & maturities of short-term investments	299,119	99,121
Proceeds from sale of securities	1,000,000
Net cash provided by investing activities	1,096,418	91,432
Cash Flows From Financing Activities
Payment of cash dividends	(903,170)	(877,365)
Net cash used in financing activities	(903,170)	(877,365)
Net Change in Cash and Equivalents	854,304	2,075
Cash and Cash Equivalents, Beginning of period	269,844	1,008,433
Cash and Cash Equivalents, End of period	1,124,148	1,010,508
Supplemental Disclosures of Cash Flow Information Cash Paid During the Period for:
Income taxes	$ 5,000	$ 27,000

Note 3 - Leasing Arrangements	3 Months Ended
Note 3 - Leasing Arrangements	Sep. 29, 2019
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	3. Leasing arrangements As of September 29, 2019, the Company leases one bowling center. The lease is classified as an operating lease in accordance with ASU 2016 - 02. For the first quarter ended September 29, 2019, the Company recorded amortization of its right to use asset under the related lease of $46,422 which is included as a component of rent expense. The related lease liability at September 29, 2019 was $1,934,520. The current portion of the lease liability of $147,096 is included in other current liabilities on the accompanying condensed consolidated balance sheet.

Note 6 - Reclassifications	3 Months Ended
Note 6 - Reclassifications	Sep. 29, 2019
Notes to Financial Statements
Reclassifications [Text Block]	6. Reclassifications Certain previous year amounts have been reclassified to conform with current year presentation.

Note 2 - Investments - Telecommunications Stocks Held (Details)	Sep. 29, 2019 shares
ATT [Member]
Investment (in shares)	82,112
Manulife [Member]
Investment (in shares)	2,520
Uniti Shares [Member]
Investment (in shares)	815
NCR [Member]
Investment (in shares)	774
Teradata [Member]
Investment (in shares)	774
Vodafone [Member]
Investment (in shares)	6,471
CenturyLink [Member]
Investment (in shares)	4,398
Frontier Communications [Member]
Investment (in shares)	300
Sprint [Member]
Investment (in shares)	40,000
Verizon [Member]
Investment (in shares)	31,904
Windstream [Member]
Investment (in shares)	135