Acquisition of Ruth’s Chris Steak House (Tables)

6 Months Ended

Nov. 26, 2023

Business Combination and Asset Acquisition [Abstract]

Schedule of Preliminary Allocation of the Purchase Price

The preliminary allocation of the purchase price is as follows:

	Balances at				Balances at
(in millions)	June 14, 2023		Adjustments		November 26, 2023
Cash	$	24.7	$	—	$	24.7
Other current assets	20.9		—		20.9
Land, buildings and equipment	170.5		(26.7)		143.8
Operating lease right-of-use assets	291.6		7.9		299.5
Trademark	341.7		—		341.7
Other assets	12.0		12.4		24.4
Goodwill	339.5		16.0		355.5
Total assets acquired	$	1,200.9	$	9.6	$	1,210.5
Current liabilities	113.5		(1.5)		112.0
Deferred income taxes	79.5		3.1		82.6
Operating lease liabilities - non-current	276.3		7.5		283.8
Other liabilities	7.0		0.5		7.5
Total liabilities assumed	$	476.3	$	9.6	$	485.9
Net assets acquired	$	724.6	$	—	$	724.6