Note 17 - Supplemental Quarterly Financial Data (Unaudited)

12 Months Ended

Jun. 03, 2014

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information [Text Block]

17. Supplemental Quarterly Financial Data (Unaudited)

Quarterly financial results for the years ended June 3, 2014 and June 4, 2013, are summarized below.

(In thousands, except per-share data)

	For the Year Ended June 3, 2014
	First Quarter			Second Quarter			Third Quarter			Fourth Quarter			Total
Revenues	$	289,674		$	276,209		$	295,552		$	307,311		$	1,168,746
Gross profit*	$	39,469		$	35,734		$	49,060		$	58,136		$	182,399
(Loss)/income from continuing operations before income taxes	$	(27,052	)	$	(36,647	)	$	(8,200	)	$	2,324		$	(69,575	)
(Benefit)/provision for income taxes from continuing operations		(5,153	)		(1,910	)		(807	)		3,205			(4,665	)
Loss from continuing operations	$	(21,899	)	$	(34,737	)	$	(7,393	)	$	(881	)	$	(64,910	)
(Loss)/income from discontinued operations, net of tax		(343	)		354			86			467			564
Net loss	$	(22,242	)	$	(34,383	)	$	(7,307	)	$	(414	)	$	(64,346	)
Basic loss per share:
Loss from continuing operations **	$	(0.36	)	$	(0.58	)	$	(0.12	)	$	(0.01	)	$	(1.08	)
(Loss)/income from discontinued operations **		(0.01	)		0.01			0.00			0.00			0.01
Net loss per share	$	(0.37	)	$	(0.57	)	$	(0.12	)	$	(0.01	)	$	(1.07	)
Diluted loss per share:
Loss from continuing operations **	$	(0.36	)	$	(0.58	)	$	(0.12	)	$	(0.01	)	$	(1.08	)
(Loss)/income from discontinued operations **		(0.01	)		0.01			0.00			0.00			0.01
Net loss per share	$	(0.37	)	$	(0.57	)	$	(0.12	)	$	(0.01	)	$	(1.07	)

	For the Year Ended June 4, 2013
	First Quarter			Second Quarter			Third Quarter			Fourth Quarter			Total
Revenues	$	327,923		$	300,077		$	307,383		$	316,104		$	1,251,487
Gross profit*	$	67,014		$	50,851		$	56,278		$	57,139		$	231,282
Income/(loss) from continuing operations before income taxes	$	1,119		$	(10,868	)	$	2,701		$	(14,886	)	$	(21,934	)
Provision/(benefit) for income taxes from continuing operations		(1,955	)		(6,664	)		(2,015	)		12,134			1,500
Income/(loss) from continuing operations	$	3,074		$	(4,204	)	$	4,716		$	(27,020	)	$	(23,434	)
Loss from discontinued operations, net of tax		(475	)		(10,864	)		(2,520	)		(2,120	)		(15,979	)
Net income/(loss)	$	2,599		$	(15,068	)	$	2,196		$	(29,140	)	$	(39,413	)
Basic earnings/(loss) per share:
Income/(loss) from continuing operations	$	0.05		$	(0.07	)	$	0.08		$	(0.44	)	$	(0.38	)
Loss from discontinued operations		(0.01	)		(0.17	)		(0.04	)		(0.05	)		(0.27	)
Net earnings/(loss) per share	$	0.04		$	(0.24	)	$	0.04		$	(0.49	)	$	(0.65	)
Diluted earnings/(loss) per share:
Income/(loss) from continuing operations	$	0.05		$	(0.07	)	$	0.08		$	(0.44	)	$	(0.38	)
Loss from discontinued operations		(0.01	)		(0.17	)		(0.04	)		(0.05	)		(0.27	)
Net earnings/(loss) per share	$	0.04		$	(0.24	)	$	0.04		$	(0.49	)	$	(0.65	)

* We define gross profit as revenue less cost of merchandise, payroll and related costs, and other restaurant operating costs.

** The sum of the quarterly amounts do not equal the reported annual amount as each is computed independently based upon the weighted-average number of shares outstanding for the period.