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Note 14 - Supplemental Condensed Consolidating Financial Statements (Tables)
 6 Months Ended
Dec. 01, 2015
Notes Tables  
Condensed Balance Sheet [Table Text Block]
 
 
Parent
 
 
Guarantors
 
 
Eliminations
 
 
Consolidated
 
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Current assets:
                                
Cash and cash equivalents
   $ 44,962     $ 289     $ -     $ 45,251  
Accounts receivable
     1,646       3,982       -       5,628  
Inventories
     18,310       7,472       -       25,782  
Income tax receivable
     163,698       -       (161,628
)
     2,070  
Other current assets
     18,457       2,410    
–
       20,867  
Total current assets
     247,073       14,153       (161,628
)
     99,598  
                                 
Property and equipment, net
     536,762       195,658       -       732,420  
Deferred income taxes, net
     4,231       (1,870
)
     -       2,361  
Investment in subsidiaries
     126,410       -       (126,410
)
     -  
Due from/(to) subsidiaries
     81,553       221,364       (302,917
)
     -  
Other assets
     42,435       7,304       -       49,739  
Total assets
   $ 1,038,464     $ 436,609     $ (590,955
)
   $ 884,118  
                                 
Liabilities & Shareholders’ Equity
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Current liabilities:
                                
Accounts payable
   $ 10,155     $ 2,639     $ -     $ 12,794  
Accrued and other current liabilities
     42,761       29,608       -       72,369  
Current maturities of long-term debt, including capital leases
     (1,034
)
     2,901       -       1,867  
Income tax payable
     -       161,628       (161,628
)
     -  
Deferred income taxes, net
     4,230       (1,869
)
     -       2,361  
Total current liabilities
     56,112       194,907       (161,628
)
     89,391  
                                 
Long-term debt and capital leases, less current maturities
     210,894       19,155       -       230,049  
Due to/(from) subsidiaries
     221,364       81,553       (302,917
)
     -  
Other deferred liabilities
     103,272       14,584       -       117,856  
Total liabilities
     591,642       310,199       (464,545
)
     437,296  
                                 
Shareholders’ equity:
                                
Common stock
     620       -       -       620  
Capital in excess of par value
     84,641       -       -       84,641  
Retained earnings
     372,039       126,410       (126,410
)
     372,039  
Accumulated other comprehensive loss
     (10,478
)
     -       -       (10,478
)
Total shareholders’ equity
     446,822       126,410       (126,410
)
     446,822  
                                 
Total liabilities & shareholders’ equity
   $ 1,038,464     $ 436,609     $ (590,955
)
   $ 884,118  
 
 
Parent
 
 
Guarantors
 
 
Eliminations
 
 
Consolidated
 
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Current assets:
                                
Cash and cash equivalents
   $ 75,034     $ 297     $ -     $ 75,331  
Accounts receivable
     1,557       3,730       -       5,287  
Inventories
     14,581       5,830       -       20,411  
Income tax receivable
     153,146       -       (153,146
)
     -  
Other current assets
     15,543       2,308       -       17,851  
Total current assets
     259,861       12,165       (153,146
)
     118,880  
                                 
Property and equipment, net
     554,089       198,085       -       752,174  
Investment in subsidiaries
     128,824       -       (128,824
)
     -  
Due from/(to) subsidiaries
     66,019       215,373       (281,392
)
     -  
Other assets
     44,118       10,280       -       54,398  
Total assets
   $ 1,052,911     $ 435,903     $ (563,362
)
   $ 925,452  
                                 
Liabilities & Shareholders’ Equity
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Current liabilities:
                                
Accounts payable
   $ 18,533     $ 4,472     $ -     $ 23,005  
Accrued and other current liabilities
     42,458       33,764       -       76,222  
Current maturities of long-term debt, including capital leases
     (994
)
     11,072       -       10,078  
Income tax payable
     -       154,215       (153,146
)
     1,069  
Deferred income taxes, net
     2,839       (2,832
)
     -       7  
Total current liabilities
     62,836       200,691       (153,146
)
     110,381  
                                 
Long-term debt and capital leases, less current maturities
     210,382       20,635       -       231,017  
Deferred income taxes, net
     (3,865
)
     5,307       -       1,442  
Due to/(from) subsidiaries
     215,373       66,019       (281,392
)
     -  
Other deferred liabilities
     102,602       14,427       -       117,029  
Total liabilities
     587,328       307,079       (434,538
)
     459,869  
                                 
Shareholders’ equity:
                                
Common stock
     621       -       -       621  
Capital in excess of par value
     83,870       -       -       83,870  
Retained earnings
     392,032       128,824       (128,824
)
     392,032  
Accumulated other comprehensive loss
     (10,940
)
     -       -       (10,940
)
Total shareholders’ equity
     465,583       128,824       (128,824
)
     465,583  
                                 
Total liabilities & shareholders’ equity
   $ 1,052,911     $ 435,903     $ (563,362
)
   $ 925,452  
Condensed Income Statement [Table Text Block]
 
 
Parent
 
 
Guarantors
 
 
Eliminations
 
 
Consolidated
 
Revenue:
                                
Restaurant sales and operating revenue
   $ 187,112     $ 72,218     $ -     $ 259,330  
Franchise revenue
     115       1,511       -       1,626  
      187,227       73,729       -       260,956  
                                 
Operating costs and expenses:
                                
Cost of goods sold
     50,775       19,530       -       70,305  
Payroll and related costs
     64,917       27,367       -       92,284  
Other restaurant operating costs
     41,024       15,361       -       56,385  
Depreciation and amortization
     9,170       3,766       -       12,936  
Selling, general, and administrative
     15,799       12,049       -       27,848  
Intercompany selling, general, and administrative allocations
     10,336       (10,336
)
     -       -  
Closures and impairments, net
     9,498       575       -       10,073  
Trademark impairment
     -       1,999       -       1,999  
Equity in earnings of subsidiaries
     (1,265
)
     -       1,265       -  
Interest expense, net
     4,652       453       -       5,105  
Intercompany interest expense/(income)
     3,016       (3,016
)
     -       -  
      207,922       67,748       1,265       276,935  
                                 
(Loss)/income before income taxes
     (20,695
)
     5,981       (1,265
)
     (15,979
)
(Benefit)/provision for income taxes
     (4,896
)
     4,716       -       (180
)
                                 
Net (loss)/income
   $ (15,799
)
   $ 1,265     $ (1,265
)
   $ (15,799
)
                                 
Other comprehensive income:
                                
Pension liability reclassification
     506       -       -       506  
Total comprehensive (loss)/income
   $ (15,293
)
   $ 1,265     $ (1,265
)
   $ (15,293
)
 
 
Parent
 
 
Guarantors
 
 
Eliminations
 
 
Consolidated
 
Revenue:
                                
Restaurant sales and operating revenue
   $ 388,528     $ 148,709     $ -     $ 537,237  
Franchise revenue
     130       3,069       -       3,199  
      388,658       151,778       -       540,436  
                                 
Operating costs and expenses:
                                
Cost of goods sold
     106,003       40,543       -       146,546  
Payroll and related costs
     132,258       55,361       -       187,619  
Other restaurant operating costs
     86,226       32,366       -       118,592  
Depreciation and amortization
     18,297       7,445       -       25,742  
Selling, general, and administrative
     36,388       20,856       -       57,244  
Intercompany selling, general, and administrative allocations
     21,462       (21,462
)
     -       -  
Closures and impairments, net
     12,087       698       -       12,785  
Trademark impairment
     -       1,999       -       1,999  
Equity in earnings of subsidiaries
     (13,231
)
     -       13,231       -  
Interest expense, net
     9,250       1,855       -       11,105  
Intercompany interest expense/(income)
     5,991       (5,991
)
     -       -  
      414,731       133,670       13,231       561,632  
                                 
(Loss)/income before income taxes
     (26,073
)
     18,108       (13,231
)
     (21,196
)
(Benefit)/provision for income taxes
     (6,080
)
     4,877       -       (1,203
)
                                 
Net (loss)/income
   $ (19,993
)
   $ 13,231     $ (13,231
)
   $ (19,993
)
                                 
Other comprehensive income:
                                
Pension liability reclassification
     462       -       -       462  
Total comprehensive (loss)/income
   $ (19,531
)
   $ 13,231     $ (13,231
)
   $ (19,531
)
 
 
Parent
 
 
Guarantors
 
 
Eliminations
 
 
Consolidated
 
Revenue:
                                
Restaurant sales and operating revenue
   $ 188,572     $ 72,634       -     $ 261,206  
Franchise revenue
     38       1,415       -       1,453  
      188,610       74,049       -       262,659  
                                 
Operating costs and expenses:
                                
Cost of goods sold
     51,718       19,928       -       71,646  
Payroll and related costs
     66,348       27,616       -       93,964  
Other restaurant operating costs
     43,417       16,099       -       59,516  
Depreciation and amortization
     9,423       3,696       -       13,119  
Selling, general, and administrative
     16,548       10,744       -       27,292  
Intercompany selling, general, and administrative allocations
     10,473       (10,473
)
     -       -  
Closures and impairments, net
     1,073       2       -       1,075  
Equity in earnings of subsidiaries
     (4,326
)
     -       4,326       -  
Interest expense, net
     4,736       1,179       -       5,915  
Intercompany interest expense/(income)
     2,998       (2,998
)
     -       -  
      202,408       65,793       4,326       272,527  
                                 
(Loss)/income before income taxes
     (13,798
)
     8,256       (4,326
)
     (9,868
)
(Benefit)/provision for income taxes
     (4,525
)
     3,930       -       (595
)
                                 
Net (loss)/income
   $ (9,273
)
   $ 4,326     $ (4,326
)
   $ (9,273
)
                                 
Other comprehensive loss:
                                
Pension liability reclassification
     464       -       -       464  
Total comprehensive (loss)/income
   $ (8,809
)
   $ 4,326     $ (4,326
)
   $ (8,809
)
 
 
Parent
 
 
Guarantor
 
 
Eliminations
 
 
Consolidated
 
Revenue:
                                
Restaurant sales and operating revenue
   $ 391,123     $ 149,540     $ -     $ 540,663  
Franchise revenue
     184       2,994       -       3,178  
      391,307       152,534       -       543,841  
                                 
Operating costs and expenses:
                                
Cost of goods sold
     106,248       40,545       -       146,793  
Payroll and related costs
     134,390       55,416       -       189,806  
Other restaurant operating costs
     86,749       31,985       -       118,734  
Depreciation and amortization
     18,890       7,468       -       26,358  
Selling, general, and administrative
     36,769       21,424       -       58,193  
Intercompany selling, general, and administrative allocations
     21,615       (21,615 )     -       -  
Closures and impairments, net
     2,304       253       -       2,557  
Equity in earnings of subsidiaries
     (12,107 )     -       12,107       -  
Interest expense, net
     9,247       2,090       -       11,337  
Intercompany interest expense/(income)
     5,890       (5,890 )     -       -  
      409,995       131,676       12,107       553,778  
                                 
(Loss)/income before income taxes
     (18,688 )     20,858       (12,107 )     (9,937 )
(Benefit)/provision for income taxes
     (11,980 )     8,751       -       (3,229 )
                                 
Net (loss)/income
   $ (6,708 )   $ 12,107     $ (12,107 )   $ (6,708 )
                                 
Other comprehensive loss:
                                
Pension liability reclassification
     927       -       -       927  
Total comprehensive (loss)/income
   $ (5,781 )   $ 12,107     $ (12,107 )   $ (5,781 )
Condensed Cash Flow Statement [Table Text Block]
 
 
Parent
 
 
Guarantors
 
 
Eliminations
 
 
Consolidated
 
                                 
Net cash (used)/provided by operating activities
   $ (24,693
)
   $ 30,215     $ (9,653
)
   $ (4,131
)
                                 
Investing activities:
                                
Purchases of property and equipment
     (15,296
)
     (4,992
)
     -       (20,288
)
Proceeds from disposal of assets
     3,665       -       -       3,665  
Other, net
     313       -       -       313  
Net cash used by investing activities
    (11,318
)
     (4,992
)
     -       (16,310
)
                                 
Financing activities:
                                
Principal payments on long-term debt
     (15
)
     (9,586
)
     -       (9,601
)
Stock repurchases
     (9
)
     -       -       (9
)
Payments for debt issuance costs
    (29
)
     -       -       (29
)
Intercompany transactions
     5,991       (15,644
)
     9,653       -  
Net cash provided/(used) by financing activities
     5,938       (25,230
)
     9,653       (9,639
)
                                 
Decrease in cash and cash equivalents
     (30,073
)
     (7
)
     -       (30,080
)
Cash and cash equivalents:
                                
Beginning of year
     75,034       297       -       75,331  
End of quarter
   $ 44,961     $ 290     $ -     $ 45,251  
 
 
Parent
 
 
Guarantors
 
 
Eliminations
 
 
Consolidated
 
                                 
Net cash provided by operating activities
   $ 25,640     $ 43,870     $ (59,553
)
   $ 9,957  
                                 
Investing activities:
                                
Purchases of property and equipment
     (11,002
)
     (2,819
)
     -       (13,821
)
Proceeds from disposal of assets
     4,607       997       -       5,604  
Other, net
     1,146       135       -       1,281  
Net cash used by investing activities
    (5,249
)
     (1,687
)
     -       (6,936
)
                                 
Financing activities:
                                
Principal payments on long-term debt
     (16
)
     (6,250
)
     -       (6,266
)
Stock repurchases
     (55
)
     -       -       (55
)
Payments for debt issuance costs
     (75
)
     -       -       (75
)
Proceeds from exercise of stock options
     197       -       -       197  
Excess tax benefits from share-based compensation
     22       -       -       22  
Intercompany transactions
     (23,610
)
     (35,943
)
     59,553       -  
Net cash used by financing activities
     (23,537
)
     (42,193
)
     59,553       (6,177
)
                                 
Decrease in cash and cash equivalents
     (3,146
)
     (10
)
     -       (3,156
)
Cash and cash equivalents:
                                
Beginning of year
     51,012       314       -       51,326  
End of quarter
   $ 47,866     $ 304     $ -     $ 48,170