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Note E - Accounts Receivable
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9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 03, 2015
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| Receivables [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | NOTE E - ACCOUNTS RECEIVABLE Accounts receivable consist of the following (in thousands):
We negotiate purchase arrangements, including price terms, with designated and approved suppliers on behalf of us and our franchise system. We receive various volume discounts and rebates based on purchases for our Company-owned restaurants from numerous suppliers. Amounts due from franchisees consist of royalties, license and other miscellaneous fees, a substantial portion of which represents current and recently-invoiced billings. As of March 3, 2015 and June 3, 2014, Other receivables consisted primarily of amounts due from our distributor ($0.5 million and $0.4 million, respectively), receivables for insurance claims ($0.4 million and $0.1 million, respectively), and sales and other miscellaneous tax refunds ($0.2 million for each period). |
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