Note 16 - Supplemental Condensed Consolidating Financial Statements (Tables)

12 Months Ended

Jun. 03, 2014

Disclosure Text Block Supplement [Abstract]

Condensed Balance Sheet [Table Text Block]

	Parent			Guarantors		Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	51,012		$	314	$	-		$	51,326
Accounts receivable		1,725			3,136		-			4,861
Inventories		15,114			6,060		-			21,174
Income tax receivable		138,524					(136,391	)		2,133
Deferred income taxes		(548	)		3,945		-			3,397
Other current assets		14,610			2,289		-			16,899
Total current assets		220,437			15,744		(136,391	)		99,790
Property and equipment, net		587,783			207,063		-			794,846
Investment in subsidiaries		158,266			-		(158,266	)		-
Due from/(to) subsidiaries		78,612			243,665		(322,277	)		-
Other assets		48,780			13,011		-			61,791
Total assets	$	1,093,878		$	479,483	$	(616,934	)	$	956,427
Liabilities & Shareholders’ Equity
Current liabilities:
Accounts payable	$	20,545		$	5,656	$	-		$	26,201
Accrued and other current liabilities		46,450			36,356		-			82,806
Current maturities of long-term debt, including capital leases		(341	)		5,157					4,816
Income tax payable		-			136,391		(136,391	)		-
Total current liabilities		66,654			183,560		(136,391	)		113,823
Long-term debt and capital leases, less current maturities		213,039			40,836		-			253,875
Deferred income taxes		(445	)		3,945		-			3,500
Due to/(from) subsidiaries		243,665			78,612		(322,277	)		-
Other deferred liabilities		109,756			14,264		-			124,020
Total liabilities		632,669			321,217		(458,668	)		495,218
Shareholders’ equity:
Common stock		614			-		-			614
Capital in excess of par value		76,269			-		-			76,269
Retained earnings		395,226			158,266		(158,266	)		395,226
Accumulated other comprehensive loss		(10,900	)		-		-			(10,900	)
Total shareholders’ equity		461,209			158,266		(158,266	)		461,209
Total liabilities & shareholders’ equity	$	1,093,878		$	479,483	$	(616,934	)	$	956,427

	Parent			Guarantors		Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	52,635		$	272	$	-		$	52,907
Accounts receivable		1,854			2,980		-			4,834
Inventories		21,961			8,911		-			30,872
Income tax receivable		118,329			-		(116,429	)		1,900
Deferred income taxes		5,372			1,924		-			7,296
Other current assets		19,519			3,836		-			23,355
Total current assets		219,670			17,923		(116,429	)		121,164
Property and equipment, net		635,478			224,352		-			859,830
Investment in subsidiaries		167,887			-		(167,887	)		-
Due from/(to) subsidiaries		76,485			230,583		(307,068	)		-
Other assets		46,812			15,377	–				62,189
Total assets	$	1,146,332		$	488,235	$	(591,384	)	$	1,043,183
Liabilities & Shareholders’ Equity
Current liabilities:
Accounts payable	$	11,725		$	3,239	$	-		$	14,964
Accrued and other current liabilities		47,775			34,406		-			82,181
Current maturities of long-term debt, including capital leases		(347	)		8,834					8,487
Income tax payable		-			116,429		(116,429	)		-
Total current liabilities		59,153			162,908		(116,429	)		105,632
Long-term debt and capital leases, less current maturities		232,462			58,053		-			290,515
Deferred income taxes		(1,070	)		6,823		-			5,753
Due to/(from) subsidiaries		230,583			76,485		(307,068	)		-
Other deferred liabilities		108,369			16,079		-			124,448
Total liabilities		629,497			320,348		(423,497	)		526,348
Shareholders’ equity:
Common stock		612			-		-			612
Capital in excess of par value		67,596			-		-			67,596
Retained earnings		459,572			167,887		(167,887	)		459,572
Accumulated other comprehensive loss		(10,945	)		-		-			(10,945	)
Total shareholders’ equity		516,835			167,887		(167,887	)		516,835
Total liabilities & shareholders’ equity	$	1,146,332		$	488,235	$	(591,384	)	$	1,043,183

Condensed Income Statement [Table Text Block]

	Parent			Guarantors			Eliminations			Consolidated
Revenue:
Restaurant sales and operating revenue	$	842,842		$	319,581		$	-		$	1,162,423
Franchise revenue		223			6,100			-			6,323
		843,065			325,681			-			1,168,746
Operating costs and expenses:
Cost of merchandise		233,562			87,959			-			321,521
Payroll and related costs		287,358			117,021			-			404,379
Other restaurant operating costs		187,055			73,392			-			260,447
Depreciation		40,188			14,640			-			54,828
Selling, general, and administrative		87,248			49,903			-			137,151
Intercompany selling, general, and administrative allocations		59,257			(59,257	)		-			-
Closures and impairments		18,904			13,927			-			32,831
Trademark impairment		-			855			-			855
Equity in earnings of subsidiaries		(21,005	)		-			21,005			-
Interest expense, net		19,978			4,967			-			24,945
Intercompany interest expense/(income)		13,081			(13,081	)		-			-
Loss on extinguishment of debt		1,364			-			-			1,364
		926,990			290,326			21,005			1,238,321
(Loss)/income from continuing operations before income taxes		(83,925	)		35,355			(21,005	)		(69,575	)
(Benefit)/provision for income taxes from continuing operations		(19,015	)		14,350			-			(4,665	)
(Loss)/income from continuing operations		(64,910	)		21,005			(21,005	)		(64,910	)
Income from discontinued operations, net of tax		564			-			-			564
Net (loss)/income	$	(64,346	)	$	21,005		$	(21,005	)	$	(64,346	)
Other comprehensive income:
Pension liability reclassification, net of tax		45			-			-			45
Total comprehensive (loss)/income	$	(64,301	)	$	21,005		$	(21,005	)	$	(64,301	)

	Parent			Guarantors			Eliminations			Consolidated
Revenue:
Restaurant sales and operating revenue	$	904,761		$	340,465		$	-		$	1,245,226
Franchise revenue		188			6,073			-			6,261
		904,949			346,538			-			1,251,487
Operating costs and expenses:
Cost of merchandise		248,378			93,134			-			341,512
Payroll and related costs		298,194			121,485			-			419,679
Other restaurant operating costs		185,224			73,790			-			259,014
Depreciation		43,541			15,581			-			59,122
Selling, general, and administrative		91,587			47,195			-			138,782
Intercompany selling, general, and administrative allocations		68,466			(68,466	)		-			-
Closures and impairments		13,181			1,475			-			14,656
Goodwill and trademark impairments		9,023			5,035			-			14,058
Equity in earnings of subsidiaries		(38,485	)		-			38,485			-
Interest expense, net		20,920			5,656			-			26,576
Intercompany interest expense/(income)		13,826			(13,826	)		-			-
Loss on extinguishment of debt		22			-			-			22
		953,877			281,059			38,485			1,273,421
(Loss)/income from continuing operations before income taxes		(48,928	)		65,479			(38,485	)		(21,934	)
Provision/(benefit) for income taxes from continuing operations		(25,494	)		26,994			-			1,500
(Loss)/income from continuing operations		(23,434	)		38,485			(38,485	)		(23,434	)
Loss from discontinued operations, net of tax		(15,979	)		(810	)		810			(15,979	)
Net (loss)/income	$	(39,413	)	$	37,675		$	(37,675	)	$	(39,413	)
Other comprehensive income:
Pension liability reclassification, net of tax		3,312			-			-			3,312
Total comprehensive (loss)/income	$	(36,101	)	$	37,675		$	(37,675	)	$	(36,101	)

	Parent			Guarantors			Eliminations			Consolidated
Revenue:
Restaurant sales and operating revenue	$	944,501		$	361,524		$	-		$	1,306,025
Franchise revenue		216			5,522			-			5,738
		944,717			367,046			-			1,311,763
Operating costs and expenses:
Cost of merchandise		271,559			104,014			-			375,573
Payroll and related costs		309,854			130,899			-			440,753
Other restaurant operating costs		186,754			75,819			-			262,573
Depreciation		47,475			16,669			-			64,144
Selling, general, and administrative		79,594			40,770			-			120,364
Intercompany selling, general, and administrative allocations		71,670			(71,670	)		-			-
Closures and impairments		12,282			4,469			-			16,751
Goodwill impairment		1,440			15,479			-			16,919
Equity in earnings of subsidiaries		(35,905	)		-			35,905			-
Interest expense, net		13,295			10,017			-			23,312
Intercompany interest expense/(income)		13,096			(13,096	)		-			-
		971,114			313,370			35,905			1,320,389
(Loss)/income from continuing operations before income taxes		(26,397	)		53,676			(35,905	)		(8,626	)
(Benefit)/provision for income taxes from continuing operations		(29,923	)		17,771			-			(12,152	)
Income from continuing operations		3,526			35,905			(35,905	)		3,526
Loss from discontinued operations, net of tax		(3,714	)		(1,392	)		1,392			(3,714	)
Net (loss)/income	$	(188	)	$	34,513		$	(34,513	)	$	(188	)
Other comprehensive (loss)/income:
Pension liability reclassification, net of tax		(1,205	)		-			-			(1,205	)
Total comprehensive (loss)/income	$	(1,393	)	$	34,513		$	(34,513	)	$	(1,393	)

Condensed Cash Flow Statement [Table Text Block]

	Parent			Guarantors			Eliminations			Consolidated
Net cash provided by operating activities	$	5,854		$	57,064		$	(17,543	)	$	45,375
Investing activities:
Purchases of property and equipment		(21,132	)		(7,207	)		-			(28,339	)
Proceeds from sale-leaseback transactions, net		5,637			-			-			5,637
Proceeds from disposal of assets		14,503			1,023			-			15,526
Other, net		973			-			-			973
Net cash used by investing activities		(19	)		(6,184	)		-			(6,203	)
Financing activities:
Principal payments on long-term debt		(20,019	)		(20,213	)		-			(40,232	)
Stock repurchases		(579	)		-			-			(579	)
Proceeds from exercise of stock options		1,576			-			-			1,576
Payments for debt issuance costs		(1,802	)		-			-			(1,802	)
Excess tax benefits from share-based compensation		284			-			-			284
Intercompany transactions		13,082			(30,625	)		17,543			-
Net cash used by financing activities		(7,458	)		(50,838	)		17,543			(40,753	)
(Decrease)/increase in cash and cash equivalents		(1,623	)		42			-			(1,581	)
Cash and cash equivalents:
Beginning of year		52,635			272			-			52,907
End of year	$	51,012		$	314		$	-		$	51,326

	Parent			Guarantors			Eliminations			Consolidated
Net cash provided by operating activities	$	34,877		$	89,925		$	(88,848	)	$	35,954
Investing activities:
Purchases of property and equipment		(31,531	)		(5,586	)		-			(37,117	)
Proceeds from sale-leaseback transactions, net		51,765			-			-			51,765
Proceeds from disposal of assets		4,421			2,576			-			6,997
Other, net		468			-			-			468
Net cash used by investing activities		25,123			(3,010	)		-			22,113
Financing activities:
Principal payments on long-term debt		(14,514	)		(12,666	)		-			(27,180	)
Stock repurchases		(30,278	)		-			-			(30,278	)
Proceeds from exercise of stock options		4,090			-			-			4,090
Payments for debt issuance costs		(358	)		-			-			(358	)
Excess tax benefits from share-based compensation		382			-			-			382
Intercompany transactions		(14,673	)		(74,175	)		88,848			-
Net cash used by financing activities		(55,351	)		(86,841	)		88,848			(53,344	)
Increase in cash and cash equivalents		4,649			74			-			4,723
Cash and cash equivalents:
Beginning of year		47,986			198			-			48,184
End of year	$	52,635		$	272		$	-		$	52,907

	Parent			Guarantors			Eliminations			Consolidated
Net cash provided by operating activities	$	48,516		$	105,820		$	(42,085	)	$	112,251
Investing activities:
Purchases of property and equipment		(28,253	)		(9,713	)		-			(37,966	)
Acquisition of franchise and other entities, net		(24,084	)		-			-			(24,084	)
Proceeds from sale-leaseback transactions		21,150			-			-			21,150
Proceeds from disposal of assets		5,834			160			-			5,994
Other, net		1,151			-			-			1,151
Net cash used by investing activities		(24,202	)		(9,553	)		-			(33,755	)
Financing activities:
Proceeds from issuance of senior unsecured notes		246,340			-						246,340
Net payments on revolving credit facility		(177,000	)		-			-			(177,000	)
Principal payments on long-term debt		(44,437	)		(41,120	)		-			(85,557	)
Stock repurchases		(18,441	)		-			-			(18,441	)
Payment for debt issuance costs		(5,767	)		-			-			(5,767	)
Proceeds from exercise of stock options		355			-			-			355
Excess tax benefits from share-based compensation		36			-			-			36
Intercompany transactions		13,096			(55,181	)		42,085			-
Net cash provided/(used) by financing activities		14,182			(96,301	)		42,085			(40,034	)
Increase/(decrease) in cash and cash equivalents		38,496			(34	)		-			38,462
Cash and cash equivalents:
Beginning of year		9,490			232			-			9,722
End of year	$	47,986		$	198		$	-		$	48,184