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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 01, 2015
Jun. 02, 2015
Current assets:    
Cash and cash equivalents $ 56,938 $ 75,331
Accounts receivable 6,001 5,287
Inventories:    
Merchandise 14,758 12,861
China, silver and supplies 8,025 7,550
Income tax receivable 432  
Prepaid rent and other expenses 13,816 12,398
Assets held for sale 3,574 5,453
Total current assets 103,544 118,880
Property and equipment, net 746,667 752,174
Deferred income taxes, net 1,794  
Other assets 51,876 54,398
Total assets 903,881 925,452
Current liabilities:    
Accounts payable 17,650 23,005
Accrued liabilities:    
Taxes, other than income and payroll 11,435 11,067
Payroll and related costs 13,919 20,351
Insurance 7,342 7,633
Deferred revenue – gift cards 15,082 16,636
Rent and other 25,128 20,535
Current portion of long-term debt, including capital leases 1,828 10,078
Income tax payable   1,069
Deferred income taxes, net 1,982 7
Total current liabilities 94,366 110,381
Long-term debt and capital leases, less current maturities 230,557 231,017
Deferred income taxes, net   1,442
Deferred escalating minimum rent 51,713 50,768
Other deferred liabilities 66,185 66,261
Total liabilities $ 442,821 $ 459,869
Commitments and contingencies (Note 12)
Shareholders’ equity:    
Common stock, $0.01 par value; (authorized: 100,000 shares; Issued and outstanding: 61,951 shares at 9/01/15; 62,098 shares at 6/02/15) $ 620 $ 621
Capital in excess of par value 83,586 83,870
Retained earnings 387,838 392,032
Deferred compensation liability payable in Company stock 670 681
Company stock held by Deferred Compensation Plan (670) (681)
Accumulated other comprehensive loss (10,984) (10,940)
Total shareholders’ equity 461,060 465,583
Total liabilities & shareholders’ equity $ 903,881 $ 925,452