Note 11 - Segment Reporting
 6 Months Ended
Dec. 01, 2015
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]
NOTE 11 – SEGMENT REPORTING
 
As discussed in Note 1 to the Condensed Consolidated Financial Statements, we reclassified unamortized debt issuance costs reported in our June 2, 2015 Consolidated Balance Sheets. Those reclassifications are reflected in the prior year amounts shown below for total assets.
 
As previously discussed in Notes 5 and 7 to the Condensed Consolidated Financial Statements, during the 13 weeks ended December 1, 2015, we entered into an agreement to sell eight Company-owned Lime Fresh restaurants in Florida for approximately $6.3 million, which we expect to complete over the remainder of fiscal year 2016, and closed the remaining 11 Company-owned Lime Fresh restaurants.
 
Financial results by reportable segment for the 13 and 26 weeks ended December 1, 2015 and December 2, 2014 are as follows (in thousands):
 
   
Thirteen weeks ended
    
Twenty-six weeks ended
  
   
December 1, 2015
    
December 2, 2014
    
December 1, 2015
    
December 2, 2014
  
Revenues:
                                
Ruby Tuesday concept
   $ 256,753     $ 257,814     $ 531,000     $ 533,857  
Lime Fresh concept
     4,203       4,845       9,436       9,984  
Total revenues
   $ 260,956     $ 262,659     $ 540,436     $ 543,841  
                                 
Segment profit/(loss):
                                
Ruby Tuesday concept
   $ 20,898     $ 20,504     $ 45,981     $ 50,845  
Lime Fresh concept
     (7,675
)
     (1,304
)
     (7,221
)
     (1,480
)
Total segment profit
   $ 13,223     $ 19,200     $ 38,760     $ 49,365  
                                 
Depreciation and amortization:
                               
Ruby Tuesday concept
   $ 12,081     $ 12,153     $ 23,972     $ 24,416  
Lime Fresh concept
     323       437       702       860  
Support center and other
     532       529       1,068       1,082  
Total depreciation and amortization
   $ 12,936     $ 13,119     $ 25,742     $ 26,358  
                                 
Closures and impairments, net:
                               
Ruby Tuesday concept
   $ 2,464     $ 230     $ 5,260     $ 882  
Lime Fresh concept
     7,609       844       7,525       1,151  
Support center and other
  
–
       1       -       524  
Total closures and impairments, net
   $ 10,073     $ 1,075     $ 12,785     $ 2,557  
                                 
Capital expenditures:
                                
Ruby Tuesday concept
                   $ 19,410     $ 12,963  
Lime Fresh concept
                     236       87  
Support center and other
                     642       771  
Total capital expenditures
                   $ 20,288     $ 13,821  
 
 
Total assets by reportable segment are as follows (in thousands):
 
   
December 1, 2015
    
June 2, 2015
  
Total assets:
                
Ruby Tuesday concept
   $ 779,256     $ 786,931  
Lime Fresh concept
     4,518       10,839  
Support center and other
     100,344       127,682  
Total assets
   $ 884,118     $ 925,452  
 
The following is a reconciliation of segment profit to loss before income taxes for the 13 and 26 weeks ended December 1, 2015 and December 2, 2014 (in thousands):
 
   
Thirteen weeks ended
    
Twenty-six weeks ended
  
   
December 1, 2015
    
December 2, 2014
    
December 1, 2015
    
December 2, 2014
  
Segment profit
   $ 13,223     $ 19,200     $ 38,760     $ 49,365  
Less:
                                
Depreciation and amortization
     (12,936
)
     (13,119
)
     (25,742
)
     (26,358
)
Unallocated general and administrative expenses
     (9,147
)
     (9,823
)
     (21,044
)
     (20,785
)
Preopening expenses
     -       (162
)
     -       (203
)
Trademark impairment
     (1,999
)
     -       (1,999
)
     -  
Interest expense, net
     (5,105
)
     (5,915
)
     (11,105
)
     (11,337
)
Other expense, net
     (15
)
     (49
)
     (66
)
     (619
)
Loss before income taxes
   $ (15,979
)
   $ (9,868
)
   $ (21,196
)
   $ (9,937
)