Note 13 - Supplemental Condensed Consolidating Financial Statements (Tables)
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12 Months Ended |
Jun. 06, 2017 |
| Notes Tables |
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| Condensed Balance Sheet [Table Text Block] |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Current assets: | | | | | | | | | | | | | | | | | | Cash and cash equivalents | | $ | 41,584 | | | $ | 130 | | | $ | – | | | $ | 41,714 | | | Restricted cash | | | 6,445 | | | | – | | | | – | | | | 6,445 | | | Accounts and other receivables | | | 1,913 | | | | 5,402 | | | | – | | | | 7,315 | | | Inventories | | | 12,447 | | | | 4,731 | | | | – | | | | 17,178 | | | Income tax receivable | | | 175,535 | | | | – | | | | (172,474 | ) | | | 3,061 | | | Other current assets | | | 15,969 | | | | 7,355 | | | | – | | | | 23,324 | | | Total current assets | | | 253,893 | | | | 17,618 | | | | (172,474 | ) | | | 99,037 | | | | | | | | | | | | | | | | | | | | | Property and equipment, net | | | 446,211 | | | | 136,886 | | | | – | | | | 583,097 | | | Investment in subsidiaries | | | 51,214 | | | | – | | | | (51,214 | ) | | | – | | | Due from/(to) subsidiaries | | | 94,281 | | | | 213,066 | | | | (307,347 | ) | | | – | | | Other assets | | | 37,454 | | | | 4,054 | | | | – | | | | 41,508 | | | Total assets | | $ | 883,053 | | | $ | 371,624 | | | $ | (531,035 | ) | | $ | 723,642 | | | | | | | | | | | | | | | | | | | | Liabilities & Shareholders ’ Equity | | | | | | | | | | | | | | | | | | Current liabilities: | | | | | | | | | | | | | | | | | | Accounts payable | | $ | 14,333 | | | $ | 3,237 | | | $ | – | | | $ | 17,570 | | | Accrued and other current liabilities | | | 47,796 | | | | 33,340 | | | | – | | | | 81,136 | | | | | | | | | | | | | | | | | | | | Current maturities of long-term debt, including capital leases | | | (1,157 | ) | | | 1,525 | | | | – | | | | 368 | | | Income tax payable | | | – | | | | 172,474 | | | | (172,474 | ) | | | – | | | Total current liabilities | | | 60,972 | | | | 210,576 | | | | (172,474 | ) | | | 99,074 | | | | | | | | | | | | | | | | | | | | Long-term debt and capital leases, less current maturities | | | 210,243 | | | | 3,098 | | | | – | | | | 213,341 | | | Due to/(from) subsidiaries | | | 213,066 | | | | 94,281 | | | | (307,347 | ) | | | – | | | Other deferred liabilities | | | 91,406 | | | | 12,455 | | | | – | | | | 103,861 | | | Total liabilities | | | 575,687 | | | | 320,410 | | | | (479,821 | ) | | | 416,276 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Common stock | | | 607 | | | | – | | | | – | | | | 607 | | | Capital in excess of par value | | | 79,531 | | | | – | | | | – | | | | 79,531 | | | Retained earnings | | | 235,210 | | | | 51,214 | | | | (51,214 | ) | | | 235,210 | | | Accumulated other comprehensive loss | | | (7,982 | ) | | | – | | | | – | | | | (7,982 | ) | Total shareholders ’ equity | | | 307,366 | | | | 51,214 | | | | (51,214 | ) | | | 307,366 | | | | | | | | | | | | | | | | | | | | Total liabilities & shareholders ’ equity | | $ | 883,053 | | | $ | 371,624 | | | $ | (531,035 | ) | | $ | 723,642 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Current assets: | | | | | | | | | | | | | | | | | | Cash and cash equivalents | | $ | 66,831 | | | $ | 133 | | | $ | – | | | $ | 66,964 | | | Restricted cash | | | 377 | | | | – | | | | – | | | | 377 | | | Accounts and other receivables | | | 8,102 | | | | 4,725 | | | | – | | | | 12,827 | | | Inventories | | | 15,401 | | | | 6,194 | | | | – | | | | 21,595 | | | Income tax receivable | | | 167,065 | | | | – | | | | (164,062 | ) | | | 3,003 | | | Other current assets | | | 11,282 | | | | 4,868 | | | | – | | | | 16,150 | | | Total current assets | | | 269,058 | | | | 15,920 | | | | (164,062 | ) | | | 120,916 | | | | | | | | | | | | | | | | | | | | | Property and equipment, net | | | 501,482 | | | | 169,768 | | | | – | | | | 671,250 | | | Investment in subsidiaries | | | 98,929 | | | | – | | | | (98,929 | ) | | | – | | | Due from/(to) subsidiaries | | | 76,208 | | | | 213,816 | | | | (290,024 | ) | | | – | | | Other assets | | | 40,626 | | | | 5,125 | | | | – | | | | 45,751 | | | Total assets | | $ | 986,303 | | | $ | 404,629 | | | $ | (553,015 | ) | | $ | 837,917 | | | | | | | | | | | | | | | | | | | | Liabilities & Shareholders' Equity | | | | | | | | | | | | | | | | | | Current liabilities: | | | | | | | | | | | | | | | | | | Accounts payable | | $ | 17,405 | | | $ | 4,736 | | | $ | – | | | $ | 22,141 | | | Accrued and other current liabilities | | | 35,674 | | | | 29,957 | | | | – | | | | 65,631 | | Current maturities of long-term debt, including capital leases | | | (1,067 | ) | | | 11,001 | | | | – | | | | 9,934 | | | Income tax payable | | | – | | | | 164,062 | | | | (164,062 | ) | | | – | | | Total current liabilities | | | 52,012 | | | | 209,756 | | | | (164,062 | ) | | | 97,706 | | | | | | | | | | | | | | | | | | | | Long-term debt and capital leases, less current maturities | | | 209,058 | | | | 4,745 | | | | – | | | | 213,803 | | | Due to/(from) subsidiaries | | | 213,816 | | | | 76,208 | | | | (290,024 | ) | | | – | | | Other deferred liabilities | | | 103,637 | | | | 14,991 | | | | – | | | | 118,628 | | | Total liabilities | | | 578,523 | | | | 305,700 | | | | (454,086 | ) | | | 430,137 | | | | | | | | | | | | | | | | | | | | | Shareholders' equity: | | | | | | | | | | | | | | | | | | Common stock | | | 601 | | | | – | | | | – | | | | 601 | | | Capital in excess of par value | | | 75,938 | | | | – | | | | – | | | | 75,938 | | | Retained earnings | | | 341,350 | | | | 98,929 | | | | (98,929 | ) | | | 341,350 | | | Accumulated other comprehensive loss | | | (10,109 | ) | | | – | | | | – | | | | (10,109 | ) | | Total shareholders' equity | | | 407,780 | | | | 98,929 | | | | (98,929 | ) | | | 407,780 | | | | | | | | | | | | | | | | | | | | | Total liabilities & shareholders' equity | | $ | 986,303 | | | $ | 404,629 | | | $ | (553,015 | ) | | $ | 837,917 | |
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| Condensed Income Statement [Table Text Block] |
| | | | | | | | | | | | | | | Revenue: | | | | | | | | | | | | | | | | | | Restaurant sales and operating revenue | | $ | 694,398 | | | $ | 254,005 | | | $ | – | | | $ | 948,403 | | | Franchise revenue | | | 10 | | | | 3,558 | | | | – | | | | 3,568 | | | Total revenue | | | 694,408 | | | | 257,563 | | | | – | | | | 951,971 | | | | | | | | | | | | | | | | | | | | | Operating costs and expenses: | | | | | | | | | | | | | | | | | | Cost of goods sold | | | 196,515 | | | | 72,107 | | | | – | | | | 268,622 | | | Payroll and related costs | | | 242,041 | | | | 96,877 | | | | – | | | | 338,918 | | | Other restaurant operating costs | | | 146,391 | | | | 52,305 | | | | – | | | | 198,696 | | | Depreciation and amortization | | | 30,673 | | | | 11,106 | | | | – | | | | 41,779 | | | General and administrative expenses | | | 37,929 | | | | 29,080 | | | | – | | | | 67,009 | | | Marketing expenses, net | | | 40,264 | | | | 13,876 | | | | – | | | | 54,140 | | Intercompany general and administrative allocations | | | 38,558 | | | | (38,558 | ) | | | – | | | | – | | | Closures and impairments, net | | | 47,191 | | | | 22,617 | | | | – | | | | 69,808 | | | Equity in earnings of subsidiaries | | | (628 | ) | | | – | | | | 628 | | | | – | | | Interest expense, net | | | 19,973 | | | | 882 | | | | – | | | | 20,855 | | | Intercompany interest expense/(income) | | | 12,050 | | | | (12,050 | ) | | | – | | | | – | | | Total operating costs and expenses | | | 810,957 | | | | 248,242 | | | | 628 | | | | 1,059,827 | | | | | | | | | | | | | | | | | | | | | (Loss)/income before income taxes | | | (116,549 | ) | | | 9,321 | | | | (628 | ) | | | (107,856 | ) | | (Benefit)/provision for income taxes | | | (10,409 | ) | | | 8,693 | | | | – | | | | (1,716 | ) | | | | | | | | | | | | | | | | | | | | Net (loss)/income | | $ | (106,140 | ) | | $ | 628 | | | $ | (628 | ) | | $ | (106,140 | ) | | | | | | | | | | | | | | | | | | | | Other comprehensive income: | | | | | | | | | | | | | | | | | | Pension liability reclassification | | | 2,127 | | | | – | | | | – | | | | 2,127 | | | Total comprehensive (loss)/income | | $ | (104,013 | ) | | $ | 628 | | | $ | (628 | ) | | $ | (104,013 | ) | | | | | | | | | | | | | | | | Revenue: | | | | | | | | | | | | | | | | | | Restaurant sales and operating revenue | | $ | 785,147 | | | $ | 299,887 | | | $ | – | | | $ | 1,085,034 | | | Franchise revenue | | | 245 | | | | 5,949 | | | | – | | | | 6,194 | | | Total revenue | | | 785,392 | | | | 305,836 | | | | – | | | | 1,091,228 | | | | | | | | | | | | | | | | | | | | | Operating costs and expenses: | | | | | | | | | | | | | | | | | | Cost of goods sold | | | 216,121 | | | | 82,408 | | | | – | | | | 298,529 | | | Payroll and related costs | | | 263,499 | | | | 111,062 | | | | – | | | | 374,561 | | | Other restaurant operating costs | | | 167,051 | | | | 62,467 | | | | – | | | | 229,518 | | | Depreciation and amortization | | | 36,387 | | | | 14,971 | | | | – | | | | 51,358 | | General and administrative expenses | | | 32,264 | | | | 25,927 | | | | – | | | | 58,191 | | | Marketing expenses, net | | | 37,748 | | | | 13,688 | | | | – | | | | 51,436 | | Intercompany general and administrative allocations | | | 42,870 | | | | (42,870 | ) | | | – | | | | – | | | Closures and impairments, net | | | 40,683 | | | | 23,997 | | | | – | | | | 64,680 | | | Equity in earnings of subsidiaries | | | (15,212 | ) | | | – | | | | 15,212 | | | | – | | | Gain on sales of Lime Fresh Mexican Grill assets | | | (5,937 | ) | | | – | | | | – | | | | (5,937 | ) | | Interest expense, net | | | 18,329 | | | | 3,425 | | | | – | | | | 21,754 | | | Intercompany interest expense/(income) | | | 12,143 | | | | (12,143 | ) | | | – | | | | – | | | Total operating costs and expenses | | | 845,946 | | | | 282,932 | | | | 15,212 | | | | 1,144,090 | | | | | | | | | | | | | | | | | | | | | (Loss)/income before income taxes | | | (60,554 | ) | | | 22,904 | | | | (15,212 | ) | | | (52,862 | ) | | (Benefit)/provision for income taxes | | | (9,872 | ) | | | 7,692 | | | | – | | | | (2,180 | ) | | | | | | | | | | | | | | | | | | | | Net (loss)/income | | $ | (50,682 | ) | | $ | 15,212 | | | $ | (15,212 | ) | | $ | (50,682 | ) | | | | | | | | | | | | | | | | | | | | Other comprehensive income: | | | | | | | | | | | | | | | | | | Pension liability reclassification | | | 831 | | | | – | | | | – | | | | 831 | | | Total comprehensive (loss)/income | | $ | (49,851 | ) | | $ | 15,212 | | | $ | (15,212 | ) | | $ | (49,851 | ) | | | | | | | | | | | | | | | | Revenue: | | | | | | | | | | | | | | | | | | Restaurant sales and operating revenue | | $ | 809,171 | | | $ | 310,971 | | | $ | – | | | $ | 1,120,142 | | | Franchise revenue | | | 238 | | | | 6,186 | | | | – | | | | 6,424 | | | Total revenue | | | 809,409 | | | | 317,157 | | | | – | | | | 1,126,566 | | | | | | | | | | | | | | | | | | | | | Operating costs and expenses: | | | | | | | | | | | | | | | | | | Cost of goods sold | | | 220,537 | | | | 84,769 | | | | – | | | | 305,306 | | | Payroll and related costs | | | 270,535 | | | | 112,726 | | | | – | | | | 383,261 | | | Other restaurant operating costs | | | 175,819 | | | | 66,290 | | | | – | | | | 242,109 | | | Depreciation and amortization | | | 37,466 | | | | 14,925 | | | | – | | | | 52,391 | | General and administrative expenses | | | 39,261 | | | | 26,646 | | | | – | | | | 65,907 | | | Marketing expenses, net | | | 36,157 | | | | 13,263 | | | | – | | | | 49,420 | | Intercompany general and administrative allocations | | | 44,768 | | | | (44,768 | ) | | | – | | | | – | | | Closures and impairments, net | | | 7,914 | | | | 2,628 | | | | – | | | | 10,542 | | | Equity in earnings of subsidiaries | | | (28,148 | ) | | | – | | | | 28,148 | | | | – | | | Interest expense, net | | | 18,489 | | | | 4,246 | | | | – | | | | 22,735 | | | Intercompany interest expense/(income) | | | 12,009 | | | | (12,009 | ) | | | – | | | | – | | | Total operating costs and expenses | | | 834,807 | | | | 268,716 | | | | 28,148 | | | | 1,131,671 | | | | | | | | | | | | | | | | | | | | | (Loss)/income before income taxes | | | (25,398 | ) | | | 48,441 | | | | (28,148 | ) | | | (5,105 | ) | | (Benefit)/provision for income taxes | | | (22,204 | ) | | | 20,293 | | | | – | | | | (1,911 | ) | | Net (loss)/income | | $ | (3,194 | ) | | $ | 28,148 | | | $ | (28,148 | ) | | $ | (3,194 | ) | | | | | | | | | | | | | | | | | | | | Other comprehensive loss: | | | | | | | | | | | | | | | | | | Pension liability reclassification, net of tax | | | (40 | ) | | | – | | | | – | | | | (40 | ) | | Total comprehensive (loss)/income | | $ | (3,234 | ) | | $ | 28,148 | | | $ | (28,148 | ) | | $ | (3,234 | ) |
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| Condensed Cash Flow Statement [Table Text Block] |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net cash (used in) provided by operating activities | | $ | (18,767 | ) | | $ | 48,926 | | | $ | (49,093 | ) | | $ | (18,934 | ) | | | | | | | | | | | | | | | | | | | | Investing activities: | | | | | | | | | | | | | | | | | | Purchases of property and equipment | | | (26,065 | ) | | | (7,444 | ) | | | – | | | | (33,509 | ) | | Proceeds from disposal of assets | | | 17,051 | | | | 17,749 | | | | – | | | | 34,800 | | | Insurance proceeds from property claims | | | 462 | | | | 202 | | | | – | | | | 664 | | | Reductions in deferred compensation plan assets | | | 1,890 | | | | – | | | | – | | | | 1,890 | | | Other, net | | | 2,842 | | | | – | | | | – | | | | 2,842 | | Net cash (used in) provided by investing activities | | | (3,820 | ) | | | 10,507 | | | | – | | | | 6,687 | | | | | | | | | | | | | | | | | | | | | Financing activities: | | | | | | | | | | | | | | | | | | Principal payments on long-term debt | | | 7 | | | | (11,093 | ) | | | – | | | | (11,086 | ) | | Stock repurchases | | | (26 | ) | | | – | | | | – | | | | (26 | ) | | Payments for debt issuance costs | | | (1,891 | ) | | | – | | | | – | | | | (1,891 | ) | | Dividends paid | | | – | | | | (48,343 | ) | | | 48,343 | | | | – | | | Net transactions with related entities | | | (750 | ) | | | – | | | | 750 | | | | – | | Net cash used in financing activities | | | (2,660 | ) | | | (59,436 | ) | | | 49,093 | | | | (13,003 | ) | | | | | | | | | | | | | | | | | | | | Decrease in cash and cash equivalents | | | (25,247 | ) | | | (3 | ) | | | – | | | | (25,250 | ) | | Cash and cash equivalents: | | | | | | | | | | | | | | | | | | Beginning of fiscal year | | | 66,831 | | | | 133 | | | | – | | | | 66,964 | | | End of fiscal year | | $ | 41,584 | | | $ | 130 | | | $ | – | | | $ | 41,714 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net cash (used in) provided by operating activities | | $ | 15,384 | | | $ | 71,061 | | | $ | (46,665 | ) | | $ | 39,780 | | | | | | | | | | | | | | | | | | | | | Investing activities: | | | | | | | | | | | | | | | | | | Purchases of property and equipment | | | (24,174 | ) | | | (10,253 | ) | | | – | | | | (34,427 | ) | | Proceeds from disposal of assets | | | 11,701 | | | | – | | | | – | | | | 11,701 | | | Insurance proceeds from property claims | | | 350 | | | | – | | | | – | | | | 350 | | | Reductions in deferred compensation plan assets | | | 1,049 | | | | – | | | | – | | | | 1,049 | | | Other, net | | | 1,572 | | | | – | | | | – | | | | 1,572 | | Net cash used in investing activities | | | (9,502 | ) | | | (10,253 | ) | | | – | | | | (19,755 | ) | | | | | | | | | | | | | | | | | | | | Financing activities: | | | | | | | | | | | | | | | | | | Principal payments on long-term debt | | | (2,379 | ) | | | (15,864 | ) | | | – | | | | (18,243 | ) | | Stock repurchases | | | (10,077 | ) | | | – | | | | – | | | | (10,077 | ) | | Payments for debt issuance costs | | | (32 | ) | | | – | | | | – | | | | (32 | ) | | Dividends paid | | | – | | | | (45,108 | ) | | | 45,108 | | | | – | | | Net transactions with related entities | | | (1,557 | ) | | | – | | | | 1,557 | | | | – | | Net cash (used in) provided by financing activities | | | (14,045 | ) | | | (60,972 | ) | | | 46,665 | | | | (28,352 | ) | | | | | | | | | | | | | | | | | | | | Decrease in cash and cash equivalents | | | (8,163 | ) | | | (164 | ) | | | – | | | | (8,327 | ) | | Cash and cash equivalents: | | | | | | | | | | | | | | | | | | Beginning of fiscal year | | | 74,994 | | | | 297 | | | | – | | | | 75,291 | | | End of fiscal year | | $ | 66,831 | | | $ | 133 | | | $ | – | | | $ | 66,964 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net cash provided by (used in) operating activities | | $ | 63,219 | | | $ | 77,717 | | | $ | (85,882 | ) | | $ | 55,054 | | | | | | | | | | | | | | | | | | | | | Investing activities: | | | | | | | | | | | | | | | | | | Purchases of property and equipment | | | (23,326 | ) | | | (7,684 | ) | | | – | | | | (31,010 | ) | | Proceeds from disposal of assets | | | 10,213 | | | | 1,047 | | | | – | | | | 11,260 | | | Insurance proceeds from property claims | | | 10 | | | | 135 | | | | – | | | | 145 | | | Reductions in deferred compensation plan assets | | | 1,318 | | | | – | | | | – | | | | 1,318 | | | Other, net | | | 790 | | | | – | | | | – | | | | 790 | | Net cash used in investing activities | | | (10,995 | ) | | | (6,502 | ) | | | – | | | | (17,497 | ) | | | | | | | | | | | | | | | | | | | | Financing activities: | | | | | | | | | | | | | | | | | | Principal payments on long-term debt | | | 4 | | | | (13,642 | ) | | | – | | | | (13,638 | ) | | Stock repurchases | | | (73 | ) | | | – | | | | – | | | | (73 | ) | | Payments for debt issuance costs | | | (293 | ) | | | – | | | | – | | | | (293 | ) | | Proceeds from exercise of stock options | | | 556 | | | | – | | | | – | | | | 556 | | Excess tax benefits from share-based compensation | | | 39 | | | | – | | | | – | | | | 39 | | | Dividends paid | | | – | | | | (57,590 | ) | | | 57,590 | | | | – | | Net transactions with related entities | | | (28,292 | ) | | | – | | | | 28,292 | | | | – | | Net cash (used in) provided by financing activities | | | (28,059 | ) | | | (71,232 | ) | | | 85,882 | | | | (13,409 | ) | | | | | | | | | | | | | | | | | | | | Increase/(decrease) in cash and cash equivalents | | | 24,165 | | | | (17 | ) | | | – | | | | 24,148 | | | Cash and cash equivalents: | | | | | | | | | | | | | | | | | | Beginning of fiscal year | | | 50,829 | | | | 314 | | | | – | | | | 51,143 | | | End of fiscal year | | $ | 74,994 | | | $ | 297 | | | $ | – | | | $ | 75,291 | |
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