ACQUISITION OF RUTH’S CHRIS STEAK HOUSE (Tables)

12 Months Ended

May 26, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Schedule of Preliminary Allocation of the Purchase Price

The final allocation of the purchase price is as follows:

	Balances at				Balances at
(in millions)	June 14, 2023		Adjustments		May 26, 2024
Cash	$	24.7	$	—	$	24.7
Other current assets	20.9		(0.7)		20.2
Land, buildings and equipment	170.5		(26.7)		143.8
Operating lease right-of-use assets	291.6		11.8		303.4
Goodwill	339.5		14.1		353.6
Trademark	341.7		—		341.7
Other assets	12.0		12.4		24.4
Total assets acquired	$	1,200.9	$	10.9	$	1,211.8
Current liabilities	113.5		(3.8)		109.7
Deferred income taxes	79.5		2.4		81.9
Operating lease liabilities - non-current	276.3		11.4		287.7
Other liabilities	7.0		(0.3)		6.7
Total liabilities assumed	$	476.3	$	9.7	$	486.0
Net assets acquired	$	724.6	$	1.2	$	725.8