XML 24 R5.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Aug. 30, 2016
Sep. 01, 2015
Operating activities:    
Net loss $ (39,692) $ (4,194)
Adjustments to reconcile net loss to net cash provided/(used) by operating activities:    
Depreciation and amortization 11,229 12,806
Deferred income taxes (1,345)
Loss on impairments, including disposition of assets 6,253 2,278
Inventory write-off 2,754
Share-based compensation expense 861 (279)
Lease reserve adjustments 17,728 604
Deferred escalating minimum rent 261 557
Other, net 150 1,258
Changes in operating assets and liabilities:    
Receivables 1,004 74
Inventories 404 (2,372)
Income taxes (1,718) (1,501)
Prepaid and other assets 865 (966)
Accounts payable, accrued and other liabilities 1,508 (9,391)
Net cash provided/(used) by operating activities 1,607 (2,471)
Investing activities:    
Purchases of property and equipment (6,358) (9,942)
Proceeds from sale of assets 5,257 2,746
Insurance proceeds from property claims 150
Reductions in Deferred Compensation Plan assets 312 209
Other, net 860
Net cash provided/(used) by investing activities 221 (6,987)
Financing activities:    
Principal payments on long-term debt (475) (8,901)
Stock repurchases (26) (9)
Payments for debt issuance costs (7) (25)
Net cash used by financing activities (508) (8,935)
Increase/(decrease) in cash and cash equivalents 1,320 (18,393)
Cash and cash equivalents:    
Beginning of fiscal year 67,341 75,331
End of quarter 68,661 56,938
Supplemental disclosure of cash flow information:    
Interest, net of amount capitalized 314 1,478
Income taxes, net 7 1,759
Significant non-cash investing and financing activities:    
Retirement of fully depreciated assets 7,175 5,956
Reclassification of properties to assets held for sale $ 7,493 $ 325