Consolidated Statements of Cash Flows - USD ($)
$ in Thousands |
12 Months Ended |
Jun. 06, 2017 |
May 31, 2016 |
Jun. 02, 2015 |
| Operating activities: |
|
|
|
| Net loss |
$ (106,140)
|
$ (50,682)
|
$ (3,194)
|
| Adjustments to reconcile net loss to net cash provided by operating activities: |
|
|
|
| Depreciation and amortization |
41,779
|
51,358
|
52,391
|
| Deferred income taxes |
|
(1,449)
|
(3,695)
|
| Loss on impairments, including disposition of assets |
41,657
|
60,646
|
10,896
|
| Inventory write-off |
2,754
|
|
|
| Gain on sales of Lime Fresh Mexican Grill assets |
|
(5,937)
|
|
| Share-based compensation expense |
3,625
|
2,094
|
7,112
|
| Excess tax benefits from share-based compensation |
|
|
(39)
|
| Lease reserve adjustments |
18,035
|
4,090
|
1,460
|
| Deferred escalating minimum rent |
868
|
2,075
|
2,342
|
| Other, net |
2,549
|
3,610
|
2,728
|
| Changes in operating assets and liabilities: |
|
|
|
| Restricted cash |
(6,068)
|
(337)
|
143
|
| Receivables |
386
|
(2,334)
|
(440)
|
| Inventories |
1,883
|
(1,184)
|
763
|
| Income taxes |
(58)
|
(4,072)
|
3,202
|
| Prepaid and other assets |
1,404
|
(610)
|
(1,875)
|
| Accounts payable, accrued and other liabilities |
(21,608)
|
(17,488)
|
(16,740)
|
| Net cash (used in) provided by operating activities |
(18,934)
|
39,780
|
55,054
|
| Investing activities: |
|
|
|
| Purchases of property and equipment |
(33,509)
|
(34,427)
|
(31,010)
|
| Proceeds from disposal of assets |
34,800
|
11,701
|
11,260
|
| Insurance proceeds from property claims |
664
|
350
|
145
|
| Reductions in Deferred Compensation Plan assets |
1,890
|
1,049
|
1,318
|
| Other, net |
2,842
|
1,572
|
790
|
| Net cash provided by (used in) investing activities |
6,687
|
(19,755)
|
(17,497)
|
| Financing activities: |
|
|
|
| Principal payments on long-term debt |
(11,086)
|
(18,243)
|
(13,638)
|
| Stock repurchases |
(26)
|
(10,077)
|
(73)
|
| Payments for debt issuance costs |
(1,891)
|
(32)
|
(293)
|
| Proceeds from exercise of stock options |
|
|
556
|
| Excess tax benefits from share-based compensation |
|
|
39
|
| Net cash used in financing activities |
(13,003)
|
(28,352)
|
(13,409)
|
| (Decrease)/increase in cash and cash equivalents |
(25,250)
|
(8,327)
|
24,148
|
| Cash and cash equivalents: |
|
|
|
| Beginning of fiscal year |
66,964
|
75,291
|
51,143
|
| End of fiscal year |
41,714
|
66,964
|
75,291
|
| Supplemental disclosure of cash flow information: |
|
|
|
| Interest, net of amount capitalized |
17,257
|
19,790
|
20,804
|
| Income taxes, net |
(831)
|
3,368
|
543
|
| Significant non-cash investing and financing activities: |
|
|
|
| Retirement of fully depreciated assets |
27,989
|
30,576
|
23,842
|
| Reclassification of properties to assets held for sale |
26,499
|
6,817
|
7,218
|
| Monetization of, and subsequent reinvestment into, life insurance policies |
|
5,642
|
6,851
|
| Sale of Lime Fresh Mexican Grill assets |
|
5,289
|
|
| Changes in property and equipment included in accounts payable |
|
$ 539
|
|