Note 3 - Lime Fresh Mexican Grill
 12 Months Ended
Jun. 06, 2017
Notes to Financial Statements  
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]
3.
  Lime Fresh Mexican Grill 
 
On
May 31, 2016,
we entered into agreements with
two
separate buyers to sell various Lime Fresh Mexican Grill assets.
  Pursuant to the terms of an asset purchase agreement with another restaurant company, we agreed to sell our
eight
remaining Lime Fresh Mexican Grill Company-owned restaurants for
$6.0
million.  Given that closing requirements were satisfied for only
six
of the
eight
restaurants, an amendment was agreed upon which allowed for the payment of
$5.0
million upon the transfer of the
six
restaurants and the holdback of
$1.0
million until such time that both of the remaining
two
restaurants had closed and transferred to the buyer.  The
six
restaurants closed and were transferred on
May 31, 2016. 
Both of the remaining
two
Lime Fresh restaurants remained open and operated by Ruby Tuesday as of our
May 31
fiscal year-end and were subsequently closed during fiscal year
2017.
 
 
Because we did
not
collect the
$5.0
million on the sale of the
six
Lime Fresh restaurants until the
first
day of our fiscal year
2017,
the gain of
$3.1
million included in our fiscal year
2016
Consolidated Statements of Operations and Comprehensive Loss is non-cash.
  Further, given that the closing requirements were
not
satisfied on the
two
remaining restaurants as of the close of our fiscal year
2016,
we did
not
reflect those restaurants as having been sold in fiscal year
2016,
nor we did accrue as a receivable the
$1.0
million holdback.
 
Also on
May 31, 2016,
we sold the Lime Fresh Mexican Grill brand, including the intellectual property and franchising rights for all
eight
Lime Fresh franchised restaurants to a
third
party buyer for
$4.6
million, substantially all of which was received in cash on that date.
  We recognized a gain of
$2.8
million on the transaction.