Note 4 - Accounts and Other Receivables

12 Months Ended

Jun. 06, 2017

Notes to Financial Statements

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

4.

  Accounts and Other Receivables

Accounts and other receivables consist of the following (in thousands):

	2017		2016
Rebates receivable	$	1,031	$	1,001
Amounts due from franchisees		4,014		3,013
Third-party gift card sales		1,147		1,272
Receivables from sales of Lime Fresh Mexican Grill assets		–		5,289
Other receivables		1,123		2,252
	$	7,315	$	12,827

We negotiate purchase arrangements, including price terms, with designated and approved suppliers on behalf of us and our franchise system. We receive various volume discounts and rebates based on purchases for our Company-owned restaurants from numerous suppliers.

Amounts due from franchisees consist of royalties, license and other miscellaneous fees, a portion of which represents current and recently-invoiced billings.

On

May 31, 2016,

we entered into agreements with

two

separate buyers to sell various Lime Fresh assets. The

$5.3

million of receivables from sales of Lime Fresh assets in the table above consists of

$5.0

million due from the buyer of our Lime Fresh restaurants, which was collected on the

first

day of fiscal year

2017,

and

$0.3

million due from the buyer of the Lime Fresh brand. See Note

3

to the Consolidated Financial Statements for further information on these transactions.

As of

June 6, 2017

and

May 31, 2016,

other receivables consisted primarily of amounts due from our distributor, receivables from online ordering, sales and other miscellaneous tax refunds, and other receivables.