XML 82 R57.htm IDEA: XBRL DOCUMENT v3.24.2
ACQUISITION OF RUTH’S CHRIS STEAK HOUSE (Narrative) (Details)
$ in Millions
12 Months Ended
May 20, 2024
USD ($)
Oct. 10, 2023
USD ($)
Jun. 14, 2023
USD ($)
location
May 26, 2024
USD ($)
May 28, 2023
USD ($)
May 29, 2022
USD ($)
Business Acquisition [Line Items]            
Proceeds from the issuance of long-term debt       $ 1,100.0 $ 0.0 $ 0.0
Goodwill       1,391.0 $ 1,037.4  
Senior Notes | 2023 Notes            
Business Acquisition [Line Items]            
Proceeds from issuance of senior notes   $ 500.0        
Debt instrument, interest rate   6.30%        
Unsecured Debt | Line of Credit            
Business Acquisition [Line Items]            
Proceeds from the issuance of long-term debt     $ 600.0      
Ruth’s Chris            
Business Acquisition [Line Items]            
Equity interest acquired     100.00%      
Consideration for equity interest acquired     $ 724.6      
Goodwill     $ 339.5 353.6    
Goodwill expected to be deductible for tax purposes       15.2    
Acquisition and related integration efforts incurred expenses       51.8    
Net of tax acquisition and related integration efforts incurred expenses       $ 42.1    
Ruth’s Chris | Minimum            
Business Acquisition [Line Items]            
Estimated useful life of property, plant and equipment       2 years    
Ruth’s Chris | Maximum            
Business Acquisition [Line Items]            
Estimated useful life of property, plant and equipment       30 years    
Ruth’s Chris | Entity Operated Units            
Business Acquisition [Line Items]            
Number of restaurant acquired | location     77      
Ruth’s Chris | Franchised Units            
Business Acquisition [Line Items]            
Number of restaurant acquired | location     74      
Ruth’s Chris | Franchised Units | Destin, Florida            
Business Acquisition [Line Items]            
Total consideration with cash on hand $ 1.2          
Ruth’s Chris | Entity Operated Units, Contractual Agreement            
Business Acquisition [Line Items]            
Number of restaurant acquired | location     4