Acquisition of Ruth’s Chris Steak House (Tables)

9 Months Ended

Feb. 25, 2024

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		February 25, 2024
Cash	$	24.7	$	—	$	24.7
Other current assets	20.9		(0.2)		20.7
Land, buildings and equipment	170.5		(27.0)		143.5
Operating lease right-of-use assets	291.6		10.0		301.6
Goodwill	339.5		20.9		360.4
Trademark	341.7		—		341.7
Other assets	12.0		12.4		24.4
Total assets acquired	$	1,200.9	$	16.1	$	1,217.0
Current liabilities	113.5		1.2		114.7
Deferred income taxes	79.5		5.1		84.6
Operating lease liabilities - non-current	276.3		9.5		285.8
Other liabilities	7.0		0.3		7.3
Total liabilities assumed	$	476.3	$	16.1	$	492.4
Net assets acquired	$	724.6	$	—	$	724.6