BASIS OF PRESENTATION

3 Months Ended

Aug. 30, 2011

BASIS OF PRESENTATION [Abstract]

BASIS OF PRESENTATION

NOTE A – BASIS OF PRESENTATION

Ruby Tuesday, Inc., including its wholly-owned subsidiaries (“RTI,” “we” or the “Company”), owns and operates Ruby Tuesday®, Marlin & Ray's™, Truffles®, and Wok Hay® casual dining restaurants.  We also franchise the Ruby Tuesday and Wok Hay concepts in select domestic and international markets.  The accompanying unaudited condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”).  Accordingly, they do notinclude all of the information and footnotes required by U.S. generally accepted accounting principles (“GAAP”) for complete financial statements.  In the opinion of management, all adjustments (consisting only of normal recurring entries) considered necessary for a fair presentation have been included.  The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes.  Actual results could differ from those estimates.  Operating results for the 13-week period ended August 30, 2011 are not necessarily indicative of results that may be expected for the 53-week year ending June 5, 2012.

The condensed consolidated balance sheet at May 31, 2011 has been derived from the audited consolidated financial statements at that date but does not include all of the information and footnotes required by GAAP for complete financial statements.

For further information, refer to the consolidated financial statements and footnotes thereto included in RTI's Annual Report on Form 10-K for the fiscal year ended May 31, 2011.

Reclassifications

As shown in the table below, we have reclassified accrued payroll taxes from Accrued liabilities: Taxes, other than income and payroll to Accrued liabilities: Payroll and related costs in our May 31, 2011 Condensed Consolidated Balance Sheet to be comparable with the classification for the August 30, 2011 Condensed Consolidated Balance Sheet.  Concurrently, we have retitled Accrued liabilities: Taxes, other than income taxes to be Accrued liabilities: Taxes, other than income and payroll.  Amounts presented are in thousands:

	As presented May 31, 2011	Reclassification	As adjusted May 31, 2011
Accrued liabilities:
Taxes, other than income and payroll	$ 23,425	$ (9,730)	$ 13,695
Payroll and related costs	17,829	9,730	27,559