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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
May 26, 2024
Accounting Policies [Abstract]  
Schedule of Cash and Cash Equivalents
The components of cash and cash equivalents are as follows:
(in millions)May 26, 2024May 28, 2023
Short-term investments$2.8 $185.6 
Credit card receivables153.0 142.3 
Depository accounts39.0 39.9 
Total cash and cash equivalents$194.8 $367.8 
Schedule of Depreciation And Amortization Expense From Continuing Operations Depreciation and amortization expense from continuing operations associated with buildings and equipment and losses on replacement of equipment were as follows:
Fiscal Year Ended
(in millions)May 26, 2024May 28, 2023May 29, 2022
Depreciation and amortization on buildings and equipment$435.1 $367.4 $346.7 
Losses on replacement of equipment3.0 2.2 2.1 
Schedule of Capitalized Software Costs And Related Accumulated Amortization The cost of capitalized software and related accumulated amortization was as follows:
(in millions)May 26, 2024May 28, 2023
Capitalized software$292.2 $263.8 
Accumulated amortization(216.5)(196.8)
Capitalized software, net of accumulated amortization$75.7 $67.0 
Schedule of Costs And Accumulated Amortization Of Acquired Definite-Lived Intangible Assets The cost and related accumulated amortization was as follows:
(in millions)May 26, 2024May 28, 2023
Definite-lived intangible assets$30.7 $23.8 
Accumulated amortization(14.5)(12.5)
Definite-lived intangible assets, net of accumulated amortization$16.2 $11.3 
Definite-lived intangible liabilities$(3.0)$(3.0)
Accumulated amortization2.1 1.8 
Definite-lived intangible liabilities, net of accumulated amortization$(0.9)$(1.2)
Schedule of Amortization Expense Associated With Capitalized Software And Other Definite Lived Intangibles
Amortization expense from continuing operations associated with capitalized software and other definite-lived intangibles included in depreciation and amortization in our accompanying consolidated statements of earnings was as follows:
Fiscal Year Ended
(in millions)May 26, 2024May 28, 2023May 29, 2022
Amortization expense - capitalized software$22.9 $18.6 $19.7 
Amortization expense - other definite-lived intangibles1.9 1.8 2.0 
Schedule of Goodwill And Trademark Balances
Our goodwill and trademark balances are allocated as follows:
GoodwillTrademarks
(in millions)May 26, 2024May 28, 2023May 26, 2024May 28, 2023
Olive Garden $30.2 $30.2 $0.7 $0.7 
LongHorn Steakhouse49.3 49.3 307.8 307.8 
Cheddar’s Scratch Kitchen165.1 165.1 230.1 230.1 
Ruth’s Chris353.6 — 341.7 — 
Yard House369.2 369.2 109.3 109.3 
The Capital Grille401.6 401.6 147.4 147.4 
Seasons 52— — 0.5 0.5 
Eddie V’s22.0 22.0 10.5 10.5 
Total$1,391.0 $1,037.4 $1,148.0 $806.3 
Schedule of Basic And Diluted Earnings Per Common Share
The following table presents the computation of basic and diluted net earnings per common share:
Fiscal Year Ended
(in millions, except per share data)May 26, 2024May 28, 2023May 29, 2022
Earnings from continuing operations$1,030.5 $983.5 $954.7 
Losses from discontinued operations(2.9)(1.6)(1.9)
Net earnings$1,027.6 $981.9 $952.8 
Weighted average common shares outstanding – Basic119.9 121.9 127.8 
Effect of dilutive stock-based compensation0.9 1.0 1.2 
Weighted average common shares outstanding – Diluted120.8 122.9 129.0 
Basic net earnings per share:
Earnings from continuing operations$8.59 $8.07 $7.47 
Losses from discontinued operations(0.02)(0.01)(0.01)
Net earnings$8.57 $8.06 $7.46 
Diluted net earnings per share:
Earnings from continuing operations$8.53 $8.00 $7.40 
Losses from discontinued operations(0.02)(0.01)(0.01)
Net earnings$8.51 $7.99 $7.39 
Schedule of Restricted Stock And Options To Purchase Shares Of Common Stock Excluded From Calculation Of Diluted Earnings Per Share
Stock options, restricted stock units and equity-settled performance stock units excluded from the calculation of diluted net earnings per share because the effect would have been anti-dilutive, are as follows:
Fiscal Year Ended
(in millions)May 26, 2024May 28, 2023May 29, 2022
Anti-dilutive stock-based compensation awards0.1 0.3 0.1