FISCAL 2011 BUSINESS AND LICENSE ACQUISITIONS (Tables)
 6 Months Ended
Nov. 29, 2011
FISCAL 2011 BUSINESS AND LICENSE ACQUISITIONS [Abstract]  
Allocation of purchase prices of acquisitions
The purchase prices of acquisitions during fiscal 2011 have preliminarily been allocated based on initial fair value estimates as follows (in thousands):

Property and equipment
 $137,075 
Goodwill
  15,571 
Reacquired franchise rights
  10,242 
Other intangible assets, net of liabilities of $1,288
  735 
Deferred income taxes
  380 
Long-term debt and capital leases
  (147,005)
Other net liabilities
  (4,536)
Notes receivable
  (1,529)
Net impact on fiscal 2011 Consolidated Balance Sheet
  10,933 
      
Gain on settlement of preexisting contracts, net
  (4,906)
Gain on acquisitions
  (1,770)
Net impact on fiscal 2011 Consolidated Statement of Income
  (6,676)
Aggregate cash purchase prices
 $4,257 
Operating results for acquired franchise partnerships
The table below shows operating results attributable to the restaurants acquired from franchisees in fiscal 2011 that are included in our Condensed Consolidated Statements of Operations for the 13 and 26 weeks  ended November 29, 2011 and November 30, 2010 (in thousands).  Amounts shown for the 13 and 26 weeks ended November 29, 2011 include results for all 109 restaurants acquired during fiscal 2011 while amounts shown for the 13 and 26 weeks ended November 30, 2010 include results for the 23 restaurants acquired during the first two quarters of fiscal 2011 (from August 4, 2010 or October 13, 2010, the dates of acquisition, through November 30, 2010).
 
   
(Unaudited)
 
   
Thirteen weeks ended
  
Twenty-six weeks ended
 
   
November 29,
2011
  
November 30,
2010
  
November 29,
2011
  
November 30,
2010
 
Total revenue
 $41,271  $10,191  $86,891  $13,327 
                  
Cost of merchandise
  12,243   2,954   25,637   3,826 
Payroll and related costs
  15,128   3,441   30,964   4,403 
Other restaurant operating costs
  9,010   2,391   18,775   3,104 
Depreciation
  2,183   698   4,267   817 
Selling, general, and administrative, net
  2,762   630   5,848   798 
    41,326   10,114   85,491   12,948 
(Loss)/income before income taxes
 $(55) $77  $1,400  $379 
Supplemental pro forma information
The following table presents supplemental pro forma information for the 13 and 26 weeks ended November 30, 2010 as if the 106 restaurants acquired during fiscal 2011 from franchise partnerships had occurred on June 2, 2010 for the 13 and 26 weeks ended November 30, 2010 (in thousands except per-share data):

 
(Unaudited)
 
 
Thirteen weeks ended
 
Twenty-six weeks ended
 
 
November 30, 2010
 
November 30, 2010
 
        
Total revenue
 $325,753  $672,772 
Net income
 $4,643  $17,075 
Basic earnings per share
 $0.07  $0.27 
Diluted earnings per share
 $0.07  $0.26