Note M - Segment Reporting

6 Months Ended

Dec. 03, 2013

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

NOTE M – SEGMENT REPORTING

Our President and Chief Executive Officer, who is our chief operating decision maker, with the assistance of our senior management, reviews discrete financial information for both the Ruby Tuesday and Lime Fresh restaurant concepts to assess performance and allocate resources. We consider the Ruby Tuesday and Lime Fresh concepts to be our reportable segments as we do not believe they have similar economic and other characteristics to be aggregated into a single reportable segment. Financial results by reportable segment for the 13 and 26 weeks ended December 3, 2013 and December 4, 2012 are as follows (in thousands):

	Thirteen weeks ended						Twenty-six weeks ended
	December 3, 2013			December 4, 2012			December 3, 2013			December 4, 2012
Revenues:
Ruby Tuesday concept	$	270,741		$	296,097		$	554,763		$	619,924
Lime Fresh concept		5,468			3,980			11,120			8,076
Total revenues	$	276,209		$	300,077		$	565,883		$	628,000
Segment (loss)/profit:
Ruby Tuesday concept	$	870		$	17,026		$	10,721		$	46,573
Lime Fresh concept		(1,783	)		(2,032	)		(4,237	)		(2,351	)
Total segment (loss)/profit	$	(913	)	$	14,994		$	6,484		$	44,222
Depreciation and amortization:
Ruby Tuesday concept	$	13,456		$	14,382		$	27,248		$	29,141
Lime Fresh concept		545			576			1,044			1,095
Support center and other		597			571			1,180			1,143
Total depreciation and amortization	$	14,598		$	15,529		$	29,472		$	31,379
Capital expenditures:
Ruby Tuesday concept							$	14,114		$	12,197
Lime Fresh concept								2,699			2,873
Support center and other								884			3,435
Total capital expenditures							$	17,697		$	18,505

Total assets by reportable segment as of December 3, 2013 and June 4, 2013 are as follows (in thousands):

	December 3, 2013		June 4, 2013
Total assets:
Ruby Tuesday concept	$	854,707	$	893,750
Lime Fresh concept		19,080		18,943
Support center and other		98,655		130,490
Total assets	$	972,442	$	1,043,183

The following is a reconciliation of segment profit to loss from continuing operations before taxes for the 13 and 26 weeks ended December 3, 2013 and December 4, 2012 (in thousands):

	Thirteen weeks ended						Twenty-six weeks ended
	December 3, 2013			December 4, 2012			December 3, 2013			December 4, 2012
Segment (loss)/profit	$	(913	)	$	14,994		$	6,484		$	44,222
Less:
Depreciation and amortization		(14,598	)		(15,529	)		(29,472	)		(31,379	)
Unallocated general and administrative expenses		(13,760	)		(3,231	)		(25,657	)		(8,251	)
Preopening expenses		(41	)		(204	)		(395	)		(399	)
Interest expense, net		(6,620	)		(6,765	)		(13,373	)		(13,555	)
Other expense, net		(715	)		(133	)		(1,286	)		(387	)
Loss from continuing operations before income taxes	$	(36,647	)	$	(10,868	)	$	(63,699	)	$	(9,749	)