Consolidated Balance Sheet (USD $)
Sep. 20, 2011
May 31, 2011
ASSETS  
Cash and equivalents$ 1,459,025$ 2,449,448
Trade and other receivables1,465,2851,997,428
Inventories5,881,7135,717,264
Prepaid expenses, sundry deposits and other1,405,2261,482,344
Prepaid and deferred income taxes2,431,4093,213,527
Total current assets12,642,65814,860,011
Property and Equipment  
Land and improvements75,706,43581,402,037
Buildings100,390,745104,968,167
Equipment and fixtures99,020,044101,385,187
Leasehold improvements and buildings on leased land24,772,11224,731,195
Capitalized leases2,554,8702,554,870
Construction in progress6,433,7286,532,591
Property, plant and equipment, gross, total308,877,934321,574,047
Less accumulated depreciation and amortization145,765,437148,651,557
Net property and equipment163,112,497172,922,490
Other Assets  
Goodwill740,644740,644
Other intangible assets414,403495,725
Investments in land923,435923,435
Property held for sale9,830,8182,921,818
Other2,259,1612,409,612
Total other assets14,168,4617,491,234
Total assets189,923,616195,273,735
LIABILITIES AND SHAREHOLDERS' EQUITY  
Long-term debt7,657,7037,753,562
Obligations under capitalized leases248,954266,358
Self insurance644,407778,181
Accounts payable11,602,69310,216,467
Accrued expenses9,664,89110,083,229
Income taxes53,0861,862
Total current liabilities29,871,73429,099,659
Long-Term Obligations  
Long-term debt21,014,62322,572,677
Obligations under capitalized leases1,632,4651,677,230
Self insurance1,362,4271,127,615
Deferred income taxes677,4871,966,819
Underfunded pension obligation9,094,6938,912,781
Deferred compensation and other4,253,9454,389,062
Total long-term obligations38,035,64040,646,184
Commitments  
Shareholders' Equity  
Preferred stock - authorized, 3,000,000 shares without par value; none issued  
Common stock - authorized, 12,000,000 shares without par value; issued, 7,586,764 and 7,586,764 shares - stated value - $17,586,7647,586,764
Additional contributed capital65,763,10665,535,634
Preferred stock, common stock, including additional paid in capital, total, value73,349,87073,122,398
Accumulated other comprehensive loss(5,518,232)(5,726,555)
Retained earnings92,447,05096,249,483
Retained earnings and accumulated other comprehensive income86,928,81890,522,928
Less cost of treasury stock (2,663,564 and 2,666,956 shares)(38,262,446)(38,117,434)
Total shareholders' equity122,016,242125,527,892
Total liabilities and shareholders' equity$ 189,923,616$ 195,273,735