XML 70 R11.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note F - Inventories
6 Months Ended
Dec. 03, 2013
Inventory Disclosure [Abstract]  
Inventory Disclosure [Text Block]

NOTE F – INVENTORIES


Our merchandise inventory was $18.2 million and $21.8 million as of December 3, 2013 and June 4, 2013, respectively. In order to ensure adequate supply and competitive pricing, we have historically purchased lobster in advance of our needs and stored it in third-party facilities prior to our distributor taking possession of the inventory. The decrease in merchandise inventory from the end of the prior fiscal year is due primarily to a reduction in lobster inventory as we have suspended the advance purchasing of lobster to utilize the lobster that is currently on hand.