Note 3 - Discontinued Operations

12 Months Ended

Jun. 03, 2014

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

3.  Discontinued Operations

In an effort to focus primarily on the successful sales turnaround of our core Ruby Tuesday concept and secondly, to improve the financial performance of our Lime Fresh concept, we closed all 13 Marlin & Ray’s restaurants, the Company’s one Wok Hay restaurant, and our two Truffles restaurants during fiscal 2013. We have classified the results of operations of our Company-owned Marlin & Ray’s, Wok Hay, and Truffles concepts as discontinued operations for all periods presented. The results of operations of our discontinued operations are as follows (in thousands):

	June 3, 2014			June 4, 2013			June 5, 2012
Restaurant sales and operating revenue	$	–		$	11,884		$	14,015
Income/(loss) before income taxes	$	458		$	(24,498	)	$	(6,312	)
Benefit for income taxes		(106	)		(8,519	)		(2,598	)
Income/(loss) from discontinued operations	$	564		$	(15,979	)	$	(3,714	)

We had $4.2 million and $2.8 million of assets associated with the closed concept restaurants, which are included within Assets held for sale and Property and equipment, net, respectively, in our June 4, 2013 Consolidated Balance Sheet. There were no assets associated with the closed concept restaurants included within either Assets Held for sale or Property and equipment, net in our June 3, 2014 Consolidated Balance Sheet. See Note 9 to the Consolidated Financial Statements for a discussion of closed restaurant lease reserves as of June 3, 2014 and June 4, 2013 associated with the closed concept restaurants.