|
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
|
Nov. 29, 2011
|
Nov. 30, 2010
|
Nov. 29, 2011
|
Nov. 30, 2010
|
|
| Revenue: | ||||
| Restaurant sales and operating revenue | $ 306,203 | $ 288,955 | $ 635,057 | $ 589,587 |
| Franchise revenue | 1,250 | 1,496 | 2,741 | 3,550 |
| Total Revenue | 307,453 | 290,451 | 637,798 | 593,137 |
| Operating costs and expenses: | ||||
| Cost of merchandise | 91,562 | 84,537 | 189,137 | 169,630 |
| Payroll and related costs | 107,777 | 99,756 | 220,764 | 199,965 |
| Other restaurant operating costs | 65,429 | 61,157 | 134,084 | 120,800 |
| Depreciation | 16,414 | 15,619 | 32,700 | 30,741 |
| Selling, general and administrative, net | 23,386 | 21,237 | 50,162 | 43,780 |
| Closures and impairments | 653 | 348 | 1,098 | 2,087 |
| Equity in earnings of unconsolidated franchises | 0 | (27) | 0 | (230) |
| Interest expense, net | 3,979 | 2,556 | 7,943 | 5,019 |
| Total | 309,200 | 285,183 | 635,888 | 571,792 |
| (Loss)/income before income taxes | (1,747) | 5,268 | 1,910 | 21,345 |
| Provision for income taxes | 254 | 703 | 818 | 4,383 |
| Net (loss)/income | $ (2,001) | $ 4,565 | $ 1,092 | $ 16,962 |
| (Loss)/earnings per share: | ||||
| Basic (in dollars per share) | $ (0.03) | $ 0.07 | $ 0.02 | $ 0.27 |
| Diluted (in dollars per share) | $ (0.03) | $ 0.07 | $ 0.02 | $ 0.26 |
| Weighted average shares: | ||||
| Basic (in shares) | 62,598 | 64,011 | 63,177 | 63,846 |
| Diluted (in shares) | 62,598 | 64,898 | 63,729 | 64,655 |
| Cash dividends declared per share (in dollars per share) | $ 0 | $ 0 | $ 0 | $ 0 |