Ruby Tuesday 10-Q 8 Jan 16 2016 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Dec. 01, 2015	Jan. 05, 2016
Entity Registrant Name	RUBY TUESDAY INC
Entity Central Index Key	68,270
Trading Symbol	rt
Current Fiscal Year End Date	--05-31
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		62,047,752
Document Type	10-Q
Document Period End Date	Dec. 1, 2015
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Dec. 01, 2015	Jun. 02, 2015
Current assets:
Cash and cash equivalents	$ 45,251,000	$ 75,331,000
Accounts receivable	5,628,000	5,287,000
Inventories:
Merchandise	17,847	12,861
China, silver and supplies	7,935,000	$ 7,550,000
Income tax receivable	2,070,000
Prepaid rent and other expenses	12,861,000	$ 12,398,000
Assets held for sale	8,006,000	5,453,000
Total current assets	99,598,000	118,880,000
Property and equipment, net	732,420,000	$ 752,174,000
Deferred income taxes, net	2,361,000
Other assets	49,739,000	$ 54,398,000
Total assets	884,118,000	925,452,000
Current liabilities:
Accounts payable	12,794,000	23,005,000
Accrued liabilities:
Taxes, other than income and payroll	10,226,000	11,067,000
Payroll and related costs	15,696,000	20,351,000
Insurance	6,822,000	7,633,000
Deferred revenue – gift cards	16,043,000	16,636,000
Rent and other	23,582,000	20,535,000
Current maturities of long-term debt, including capital leases	$ 1,867,000	10,078,000
Income tax payable		1,069,000
Deferred income taxes, net	$ 2,361,000	7,000
Total current liabilities	89,391,000	110,381,000
Long-term debt and capital leases, less current maturities	$ 230,049,000	231,017,000
Deferred income taxes, net		1,442,000
Deferred escalating minimum rent	$ 51,852,000	50,768,000
Other deferred liabilities	66,004,000	66,261,000
Total liabilities	$ 437,296,000	$ 459,869,000
Commitments and contingencies (Note 12)
Shareholders’ equity:
Common stock, $0.01 par value; (authorized: 100,000 shares;Issued and outstanding: 62,048 shares at 12/01/15; 62,098 shares at 6/02/15)	$ 620,000	$ 621,000
Capital in excess of par value	84,641,000	83,870,000
Retained earnings	372,039,000	392,032,000
Deferred compensation liability payable in Company stock	638,000	681,000
Company stock held by Deferred Compensation Plan	(638,000)	(681,000)
Accumulated other comprehensive loss	(10,478,000)	(10,940,000)
Total shareholders’ equity	446,822,000	465,583,000
Total liabilities & shareholders’ equity	$ 884,118,000	$ 925,452,000

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Unaudited) (Parentheticals) - $ / shares shares in Thousands	Dec. 01, 2015	Jun. 02, 2015
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	100,000	100,000
Common stock, shares issued (in shares)	62,048	62,098
Common stock, shares outstanding (in shares)	62,048	62,098

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 01, 2015	Dec. 02, 2014	Dec. 01, 2015	Dec. 02, 2014
Revenue:
Restaurant sales and operating revenue	$ 259,330	$ 261,206	$ 537,237	$ 540,663
Franchise revenue	1,626	1,453	3,199	3,178
	260,956	262,659	540,436	543,841
Operating costs and expenses:
Cost of goods sold (excluding depreciation and amortization shown below)	70,305	71,646	146,546	146,793
Payroll and related costs	92,284	93,964	187,619	189,806
Other restaurant operating costs	56,385	59,516	118,592	118,734
Depreciation and amortization	12,936	13,119	25,742	26,358
Selling, general and administrative, net	27,848	27,292	57,244	58,193
Closure and impairment	10,073	$ 1,075	12,785	$ 2,557
Trademark impairment	1,999		1,999
Interest expense, net	5,105	$ 5,915	11,105	$ 11,337
	276,935	272,527	561,632	553,778
Loss before income taxes	(15,979)	(9,868)	(21,196)	(9,937)
Benefit for income taxes	(180)	(595)	(1,203)	(3,229)
Net loss	(15,799)	(9,273)	(19,993)	(6,708)
Other comprehensive income:
Pension liability reclassification	506	464	462	927
Total comprehensive loss	$ (15,293)	$ (8,809)	$ (19,531)	$ (5,781)
Loss per share:
Basic (in dollars per share)	$ (0.26)	$ (0.15)	$ (0.33)	$ (0.11)
Diluted (in dollars per share)	$ (0.26)	$ (0.15)	$ (0.33)	$ (0.11)
Weighted average shares:
Basic (in shares)	61,455	60,534	61,400	60,476
Diluted (in shares)	61,455	60,534	61,400	60,476

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Dec. 01, 2015	Dec. 02, 2014
Operating activities:
Net loss	$ (19,993)	$ (6,708)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	25,742	26,358
Deferred income taxes	(1,449)	(2,863)
Loss on impairments, including disposition of assets	8,404	$ 3,359
Trademark impairment	1,999
Share-based compensation expense	$ 747	$ 3,720
Excess tax benefits from share-based compensation		(22)
Lease reserve adjustments	$ 4,325	761
Deferred escalating minimum rent	1,106	1,298
Other, net	2,669	793
Changes in operating assets and liabilities:
Receivables	(341)	(842)
Inventories	(5,371)	(5,546)
Income taxes	(3,139)	(1,041)
Prepaid and other assets	(153)	(737)
Accounts payable, accrued and other liabilities	(18,677)	(8,573)
Net cash (used)/provided by operating activities	(4,131)	9,957
Investing activities:
Purchases of property and equipment	(20,288)	(13,821)
Proceeds from disposal of assets	$ 3,665	5,604
Insurance proceeds from property claims		135
Reductions in Deferred Compensation Plan assets	$ 313	392
Other, net		754
Net cash used by investing activities	$ (16,310)	(6,936)
Financing activities:
Principal payments on long-term debt and capital leases	(9,601)	(6,266)
Stock repurchases	(9)	(55)
Payments for debt issuance costs	$ (29)	(75)
Proceeds from exercise of stock options		197
Excess tax benefits from share-based compensation		22
Net cash used by financing activities	$ (9,639)	(6,177)
Decrease in cash and cash equivalents	(30,080)	(3,156)
Cash and cash equivalents:
Beginning of year	75,331	51,326
End of quarter	45,251	48,170
Supplemental disclosure of cash flow information:
Interest, net of amount capitalized	10,181	10,358
Income taxes, net	3,062	1,402
Significant non-cash investing and financing activities:
Retirement of fully depreciated assets	13,467	8,243
Reclassification of properties to assets held for sale	$ 5,507	$ 4,746

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	6 Months Ended
	Dec. 01, 2015
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	NOTE 1 – BASIS OF PRESENTATION Ruby Tuesday, Inc., including its wholly-owned subsidiaries (“RTI,” the “Company,” “we,” and/or “our”), owns and operates Ruby Tuesday® casual dining and Lime Fresh Mexican Grill® (“Lime Fresh”) fast casual restaurants. We also franchise the Ruby Tuesday concept in selected domestic and international markets and the Lime Fresh concept in selected domestic markets. The accompanying unaudited condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, they do not The Condensed Consolidated Balance Sheet at June 2, 2015 has been derived from the audited consolidated financial statements at that date but does not include all of the information and footnotes required by GAAP for complete financial statements. As discussed below, we have made certain reclassifications to prior year amounts in our Condensed Consolidated Financial Statements to conform to the current period. For further information, refer to the consolidated financial statements and footnotes thereto included in RTI’s Annual Report on Form 10-K for the fiscal year ended June 2, 2015. Reclassifications As further reflected in Note 6 to the Condensed Consolidated Financial Statements, we adopted Accounting Standards Update (“ASU”) 2015-03, Interest-Imputation of Interest ( Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs As presented June 2, 2015 Reclassifications As adjusted June 2, 2015 Prepaid rent and other expenses $ 13,181 $ (783 ) $ 12,398 Other assets 57,554 (3,156 ) 54,398 Current maturities of long-term debt, including capital leases 10,861 (783 ) 10,078 Long-term debt and capital leases, less current maturities 234,173 (3,156 ) 231,017 As shown in the table below, we have also reclassified amortization of intangible assets from Other restaurant operating costs to Depreciation and amortization in the Condensed Consolidated Statements of Operations and Comprehensive Loss for the prior period to be comparable with the classification for the 13 and 26 weeks ended December 1, 2015. We made this reclassification to more accurately reflect the nature of the expenses in our Condensed Consolidated Statements of Operations and Comprehensive Loss. Amounts presented are in thousands. As presented Thirteen weeks ended December 2, 2014 Reclassifications As adjusted Thirteen weeks ended December 2, 2014 Other restaurant operating costs $ 60,097 $ (581 ) $ 59,516 Depreciation and amortization 12,538 581 13,119 As presented Twenty-Six weeks ended December 2, 2014 Reclassifications As adjusted Twenty-Six weeks ended December 2, 2014 Other restaurant operating costs $ 119,896 $ (1,162 ) $ 118,734 Depreciation and amortization 25,196 1,162 26,358 Change in Accounting Principle During the first quarter of fiscal year 2016, we completed the implementation of a new inventory management system in our company-owned restaurants. In connection with this implementation, we changed our method of accounting for inventory from the lower of cost (first-in, first-out) or market method utilized by our legacy system to the lower of cost or market method using a weighted-average cost method. We believe this change in accounting principle is preferable because we believe it will result in greater precision in the costing of inventories. In addition, the weighted-average cost method better aligns with the functionality of the new inventory management system. We determined that the effects of adopting the average cost method were not material to our Condensed Consolidated Financial Statements. Prior to the conversion to the new inventory management system, we were not able to determine the impact of the change to the weighted-average cost method. Therefore, we did not retroactively apply the change to periods prior to fiscal year 2016.

Note 2 - Loss Per Share

Note 2 - Loss Per Share	6 Months Ended
	Dec. 01, 2015
Notes to Financial Statements
Earnings Per Share [Text Block]	NOTE 2 – LOSS PER SHARE Loss per share is computed by dividing net loss by the weighted average number of common shares outstanding during each period presented. Diluted loss per share does not give effect to stock options and restricted stock outstanding during the applicable periods as the effect would be anti-dilutive. The following table reflects the calculation of weighted average common and dilutive potential common shares outstanding as presented in the accompanying Condensed Consolidated Statements of Operations and Comprehensive Loss (in thousands, except per share data): Thirteen weeks ended Twenty-six weeks ended December 1, 2015 December 2, 2014 December 1, 2015 December 2, 2014 Net loss $ (15,799 ) $ (9,273 ) $ (19,993 ) $ (6,708 ) Weighted-average common shares outstanding 61,455 60,534 61,400 60,476 Dilutive effect of stock options and restricted stock - - - - Weighted average common and dilutive potential common shares outstanding 61,455 60,534 61,400 60,476 Basic loss per share $ (0.26 ) $ (0.15 ) $ (0.33 ) $ (0.11 ) Diluted loss per share $ (0.26 ) $ (0.15 ) $ (0.33 ) $ (0.11 ) Stock options with an exercise price greater than the average market price of our common stock and certain options, restricted stock, and restricted share units with unrecognized compensation expense do not impact the computation of diluted loss per share because the effect would be anti-dilutive. The following table summarizes on a weighted-average basis stock options, restricted shares, and restricted share units that were excluded from the computation of diluted loss per share because their inclusion would have had an anti-dilutive effect (in thousands): Thirteen weeks ended Twenty-six weeks ended December 1, 2015 December 2, 2014 December 1, 2015 December 2, 2014 Stock options 2,574 3,301 2,694 3,102 Restricted shares / Restricted share units 964 1,468 857 1,319 Total 3,538 4,769 3,551 4,421

Note 3 - Franchise Programs

Note 3 - Franchise Programs	6 Months Ended
	Dec. 01, 2015
Notes to Financial Statements
Franchise Programs [Text Block]	NOTE 3 – FRANCHISE PROGRAMS As of December 1, 2015, our domestic and international franchisees collectively operated 78 domestic and international Ruby Tuesday restaurants and eight domestic Lime Fresh restaurants. We do not own any equity interest in our existing franchisees. Under the terms of the franchise operating agreements, we charge a royalty fee (generally 4.0% of monthly gross sales for our Ruby Tuesday concept franchisees and 5.25% of monthly gross sales for our Lime Fresh concept franchisees) and require all domestic franchisees to contribute a percentage, 1.5% as of December 1, 2015, of monthly gross sales to a national advertising fund formed to cover their pro rata portion of the production and airing costs associated with our national advertising campaign. Under the terms of those agreements, we can charge up to 3.0% of monthly gross sales for this national advertising fund. Advertising amounts received from domestic franchisees are considered by RTI to be reimbursements, recorded on an accrual basis as earned, and have been netted against Selling, general and administrative expenses in the Condensed Consolidated Statements of Operations and Comprehensive Loss. In addition to the advertising fee discussed above, our Ruby Tuesday concept franchise agreements allow us to charge up to a 2.0% support service fee and a 1.5% marketing and purchasing fee. Our last support services contract expired on June 30, 2015. For the 13 and 26 weeks ended December 1, 2015, we recorded $0.3 million and $0.5 million, respectively, and for the 13 and 26 weeks ended December 2, 2014, we recorded $0.2 million and $0.7 million, respectively, in support service and marketing and purchasing fees, which were an offset to Selling, general and administrative, net in our Condensed Consolidated Statements of Operations and Comprehensive Loss.

Note 4 - Accounts Receivable

Note 4 - Accounts Receivable	6 Months Ended
	Dec. 01, 2015
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	NOTE 4 – ACCOUNTS RECEIVABLE Accounts receivable consist of the following (in thousands): December 1, 2015 June 2, 2015 Rebates receivable $ 790 $ 943 Amounts due from franchisees 2,227 1,995 Third-party gift card sales 1,443 1,330 Other receivables 1,168 1,019 $ 5,628 $ 5,287 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.

Note 5 - Property, Equipment, A

Note 5 - Property, Equipment, Assets Held for Sale, and Operating Leases	6 Months Ended
	Dec. 01, 2015
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	NOTE 5 – PROPERTY, EQUIPMENT, ASSETS HELD FOR SALE, AND OPERATING LEASES Property and equipment, net, is comprised of the following (in thousands): December 1, 2015 June 2, 2015 Land $ 212,068 $ 212,073 Buildings 429,769 426,813 Improvements 349,787 358,549 Restaurant equipment 246,705 247,775 Other equipment 87,474 87,782 Surplus properties* 7,001 10,504 Construction in progress and other 2,888 4,316 1,335,692 1,347,812 Less accumulated depreciation 603,272 595,638 $ 732,420 $ 752,174 * Surplus properties represent assets held for sale that are not classified as such in the Condensed Consolidated Balance Sheets as we do not expect to sell these assets within the next 12 months. These assets primarily consist of parcels of land upon which we have no intention to build restaurants, closed properties which include a building, and liquor licenses not needed for operations. Included within the current assets section of our Condensed Consolidated Balance Sheets at December 1, 2015 and June 2, 2015 are amounts classified as held for sale totaling $8.0 million and $5.5 million, respectively. Assets held for sale primarily consist of parcels of land upon which we have no intention to build restaurants, land and buildings of closed restaurants, and various liquor licenses. 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. Accordingly, included within amounts classified as assets held for sale as of December 1, 2015 was $2.0 million, an amount representing the net book value of improvements, restaurant equipment, and other equipment associated with the eight restaurants that we plan to sell over the remainder of fiscal year 2016. During the 13 and 26 weeks ended December 1, 2015, we sold surplus properties with carrying values of $0.6 million and $2.7 million, respectively, at net gains of $0.4 million and $1.0 million, respectively. Cash proceeds, net of broker fees, from these sales during the 13 and 26 weeks ended December 1, 2015 totaled $1.0 million and $3.7 million, respectively. During the 13 and 26 weeks ended December 2, 2014, we sold surplus properties with carrying values of $4.5 million for both periods, at net gains of $0.8 million and $1.1 million, respectively. Cash proceeds, net of broker fees, from these sales during the 13 and 26 weeks ended December 2, 2014 totaled $5.3 million and $5.6 million, respectively.

Note 6 - Long-term Debt and Cap

Note 6 - Long-term Debt and Capital Leases	6 Months Ended
	Dec. 01, 2015
Notes to Financial Statements
Debt and Capital Leases Disclosures [Text Block]	NOTE 6 – LONG-TERM DEBT AND CAPITAL LEASES Long-term debt and capital lease obligations consist of the following (in thousands): December 1, 2015 June 2, 2015 (as adjusted) Senior unsecured notes $ 215,000 $ 215,000 Unamortized discount (1,981 ) (2,162 ) Unamortized debt issuance costs (3,349 ) (3,656 ) Senior unsecured notes less unamortized discount and debt issuance costs 209,670 209,182 Revolving credit facility - - Mortgage loan obligations 22,023 31,607 Unamortized premium - mortgage loan obligations 193 383 Unamortized debt issuance costs - mortgage loan obligations (160 ) (283 ) Capital lease obligations 190 206 231,916 241,095 Less current maturities 1,867 10,078 $ 230,049 $ 231,017 On May 14, 2012, we entered into an indenture (the “Indenture”) among Ruby Tuesday, Inc., certain subsidiaries of the Company as guarantors and Wells Fargo Bank, National Association as trustee, governing the Company’s $250.0 million aggregate principal amount of 7.625% senior notes due 2020 (the “Senior Notes”). The Senior Notes were issued at a discount of $3.7 million, which is being amortized using the effective interest method over the eight-year term of the notes. The Senior Notes are guaranteed on a senior unsecured basis by our existing and future domestic restricted subsidiaries, subject to certain exceptions. They rank equal in right of payment with our existing and future senior indebtedness and senior in right of payment to any of our future subordinated indebtedness. The Senior Notes are effectively subordinated to all of our secured debt, including borrowings outstanding under our revolving credit facility, to the extent of the value of the assets securing such debt and structurally subordinated to all of the liabilities of our existing and future subsidiaries that do not guarantee the Senior Notes. Interest on the Senior Notes is calculated at 7.625% per annum, payable semiannually on each May 15 and November 15 to holders of record on the May 1 or November 1 immediately preceding the interest payment date. Accrued interest on the Senior Notes and our other long-term debt and capital lease obligations was $1.0 million and $1.1 million as of December 1, 2015 and June 2, 2015, respectively, and is included in Accrued liabilities – Rent and other in our Consolidated Balance Sheets. The Senior Notes mature on May 15, 2020. At any time prior to May 15, 2016, we may redeem the Senior Notes, in whole or in part, at a redemption price equal to 100% of the principal amount, plus an applicable “make-whole” premium and accrued and unpaid interest. At any time on or after May 15, 2016, we may redeem the Senior Notes, in whole or in part, at the redemption prices specified in the Indenture plus accrued and unpaid interest. There is no sinking fund for the Senior Notes. The Indenture contains covenants that limit, among other things, our ability and the ability of certain of our subsidiaries to (i) incur or guarantee additional indebtedness; (ii) declare or pay dividends, redeem stock or make other distributions to stockholders; (iii) make certain investments; (iv) create liens or use assets as security in other transactions; (v) merge or consolidate, or sell, transfer, lease or dispose of substantially all of their assets; (vi) enter into transactions with affiliates; and (vii) sell or transfer certain assets. The Indenture also restricts the declaration and payment of a dividend or other distribution on, and/or repurchase by RTI in respect of, its outstanding common stock at any time and from time to time. These covenants are subject to a number of important exceptions and qualifications, as described in the Indenture, and certain covenants will not apply at any time when the Senior Notes are rated investment grade by the Rating Agencies, as defined in the Indenture. The Indenture also provides for events of default, which, if any of them occurs, would permit or require the principal, premium, if any, interest and any other monetary obligations on all the then outstanding Senior Notes to be due and payable immediately. On December 3, 2013, we entered into a four-year revolving credit agreement (the “Senior Credit Facility”) under which we may borrow up to $50.0 million with the option, subject to certain conditions, to increase the facility by up to $35.0 million. The terms of the Senior Credit Facility provide for a $25.0 million sublimit for the issuance of standby letters of credit. Under the terms of the Senior Credit Facility, interest rates charged on borrowings can vary depending on the interest rate option we choose to utilize. Our options for the rate are a Base Rate or LIBOR plus an applicable margin, provided that the rate shall not be less than zero. The Base Rate is defined as the highest of the issuing bank’s prime rate, the Federal Funds rate plus 0.50%, or the Adjusted LIBO rate (as defined in the Senior Credit Facility) plus 1.0%. The applicable margin for the LIBOR rate-based option is a percentage ranging from 2.50% to 3.50% and for the Base Rate option is a percentage ranging from 1.50% to 2.50%. We pay commitment fees quarterly ranging from 0.40% to 0.75% on the unused portion of the Senior Credit Facility. As security for the Senior Credit Facility, we granted the lenders liens and security interests in substantially all of the shares of capital stock of the Company and each of our present and future subsidiaries, substantially all of the personal property of the Company and each of our present and future subsidiaries, and the real property, improvements, and fixtures of 49 Ruby Tuesday restaurants. The real property, improvements, and fixtures of the 49 restaurants pledged as collateral appraised at $101.4 million at the time of the transaction and have a December 1, 2015 net book value of $78.7 million. We had no borrowings outstanding under the Senior Credit Facility at December 1, 2015. After consideration of letters of credit outstanding, we had $38.3 million available under the Senior Credit Facility as of December 1, 2015. The Senior Credit Facility contains a number of customary affirmative and negative covenants that, among other things, limit or restrict our ability to incur liens, engage in mergers or other fundamental changes, make acquisitions, investments, loans and advances, pay dividends or other distributions, sell or otherwise dispose of certain assets, engage in certain transactions with affiliates, enter into burdensome agreements or certain hedging agreements, amend organizational documents, change accounting practices, incur additional indebtedness and prepay other indebtedness. Under the terms of the Senior Credit Facility we are allowed, under certain circumstances, to repurchase up to $20.0 million of the Senior Notes in any fiscal year. We did not repurchase any Senior Notes during the 26 weeks ended December 1, 2015. Under the Senior Credit Facility, we are required to comply with financial covenants relating to the maintenance of a maximum leverage ratio and a minimum fixed charge coverage ratio. The terms of the Senior Credit Facility require us to maintain a maximum leverage ratio of no more than 4.50 to 1.0 and a minimum fixed charge coverage ratio of 1.50 to 1.0 for the quarter ended December 1, 2015. For the remainder of fiscal year 2016, the Senior Credit Facility requires us to maintain a maximum leverage ratio of 4.50 to 1.0 (for our third fiscal quarter) and 4.40 to 1.0 (for our fourth fiscal quarter), and requires us to maintain a minimum fixed charge coverage ratio of 1.55 to 1.0 (for our third fiscal quarter) and 1.60 to 1.0 (for our fourth fiscal quarter). The minimum required ratios fluctuate thereafter as provided in the Senior Credit Facility. The Senior Credit Facility terminates no later than December 3, 2017. Upon the occurrence of an event of default, the lenders may terminate the loan commitments, accelerate all loans and exercise any of their rights under the Senior Credit Facility and any ancillary loan documents. On December 3, 2013, in connection with our entry into the Senior Credit Facility, the Company and certain of its subsidiaries entered into loan modification agreements (the “Loan Modification Agreements”) with certain mortgage lenders to, among other things, provide waivers and consents under certain of our mortgage loan obligations to enter into the Senior Credit Facility. The Loan Modification Agreements also amended certain financial reporting requirements under the specified loans and modify and/or provide for certain financial covenants for the specified loans, including the maximum leverage ratio and the minimum fixed charge coverage ratio. We were in compliance with our maximum leverage ratio and our minimum fixed charge coverage ratio as of December 1, 2015. Our $22.0 million in mortgage loan obligations as of December 1, 2015 consists of various loans acquired upon franchise acquisitions. These loans, which mature between January 2017 and October 2021, have balances which range from $0.6 million to $7.1 million and interest rates of 7.60% to 10.17%. Many of the properties acquired from franchisees collateralize the loans outstanding. During the first quarter of fiscal year 2016, we prepaid and retired ten mortgage loan obligations with an aggregate balance of $8.3 million as of June 2, 2015 using cash on hand. Additionally, we paid $0.9 million in prepayment premiums and an insignificant amount of accrued interest in connection with the retirement of these obligations. The prepayment of this debt eliminated one mortgage lender and allowed for the release of 26 properties which had served as collateral.

Note 7 - Closures and Impairmen

Note 7 - Closures and Impairments Expense	6 Months Ended
	Dec. 01, 2015
Notes to Financial Statements
Asset Impairment Charges [Text Block]	NOTE 7 – CLOSURES AND IMPAIRMENTS EXPENSE Closures and impairments expense includes the following 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 Closures and impairments from continuing operations: Property impairments $ 6,215 $ 1,216 $ 8,792 $ 2,272 Closed restaurant lease reserves 3,721 295 4,325 761 Other closing costs 498 395 619 628 Gain on sale of surplus properties (361 ) (831 ) (951 ) (1,104 ) Closures and impairments, net $ 10,073 $ 1,075 $ 12,785 $ 2,557 As previously discussed in Note 5 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. Included within closures and impairments, net for the 13 weeks ended December 1, 2015 are $7.6 million of impairments, lease reserves, and other charges relating to the closed Lime Fresh restaurants. Further information regarding closures and impairments expense for the Lime Fresh concept for all periods presented is contained in Note 11 to the Condensed Consolidated Financial Statements. In connection with the planned sale of eight Company-owned Lime Fresh restaurants and the closing of the remaining 11 Company-owned Lime Fresh restaurants as discussed above, during the 13 weeks ended December 1, 2015, we recorded a $2.0 million trademark impairment charge representing a partial impairment of the Lime Fresh trademark. The Lime Fresh trademark has a net book value of $0.9 million remaining at December 1, 2015. A rollforward of our reserve for future lease obligations associated with closed properties is as follows (in thousands): Reserve for Lease Obligations Balance at June 2, 2015 $ 7,051 Closing expense including rent and other lease charges 4,325 Payments (1,631 ) Other adjustments 136 Balance at December 1, 2015 $ 9,881 The amounts comprising future lease obligations in the table above are estimated using certain assumptions, including the period of time it will take to settle the lease with the landlord or find a suitable sublease tenant, and the amount of actual future cash payments could differ from our recorded lease obligations. Of the total future lease obligations included in the table above, $9.8 million and $7.0 million are included within the Accrued liabilities – Rent and other caption in our Condensed Consolidated Balance Sheets as of December 1, 2015 and June 2, 2015, respectively. For the remainder of fiscal year 2016 and beyond, we expect that our focus will be on obtaining settlements, or subleases as necessary, on as many of these leases as possible and these settlements could be higher or lower than the amounts recorded. The actual amount of any cash payments made by the Company for lease contract termination costs will be dependent upon ongoing negotiations with the landlords of the leased restaurant properties.

Note 8 - Employee Post-employme

Note 8 - Employee Post-employment Benefits	6 Months Ended
	Dec. 01, 2015
Notes to Financial Statements
Pension and Other Postretirement Benefits Disclosure [Text Block]	NOTE 8 – EMPLOYEE POST-EMPLOYMENT BENEFITS We sponsor three defined benefit pension plans for active employees and offer certain postretirement benefits for retirees. A summary of each of these is presented below. Retirement Plan RTI sponsors the Morrison Restaurants Inc. Retirement Plan (the “Retirement Plan”). Effective December 31, 1987, the Retirement Plan was amended so that no additional benefits would accrue and no new participants may enter the Retirement Plan after that date. Participants receive benefits based upon salary and length of service. Minimum funding for the Retirement Plan is determined in accordance with the guidelines set forth in employee benefit and tax laws. From time to time we may contribute additional amounts as we deem appropriate. We estimate that we will be required to make contributions totaling $0.1 million to the Retirement Plan during the remainder of fiscal year 2016. Executive Supplemental Pension Plan and Management Retirement Plan Under these unfunded defined benefit pension plans, eligible employees earn supplemental retirement income based upon salary and length of service, reduced by social security benefits and amounts otherwise receivable under other specified Company retirement plans. Effective June 1, 2001, the Management Retirement Plan was amended so that no additional benefits would accrue and no new participants may enter the plan after that date. In December 2015, the Executive Supplemental Pension Plan was similarly amended effective as of January 1, 2016 for current participants, and as of January 1, 2018 for two specified potential participants, who are currently not named executive officers. We do not expect this amendment to have a material impact on our Condensed Consolidated Financial Statements. Included in our Condensed Consolidated Balance Sheets as of December 1, 2015 and June 2, 2015 are amounts within Accrued liabilities: Payroll and related costs of $3.2 million as of both dates and amounts within Other deferred liabilities of $34.7 million and $33.9 million, respectively, relating to our three defined benefit pension plans. Postretirement Medical and Life Benefits Our Postretirement Medical and Life Benefits plans provide medical and life insurance benefits to certain retirees. The medical plan requires retiree cost sharing provisions that are more substantial for employees who retire after January 1, 1990. The following tables detail the components of net periodic benefit costs and the amounts recognized in our Condensed Consolidated Financial Statements for the Retirement Plan, Management Retirement Plan, and the Executive Supplemental Pension Plan (collectively, the “Pension Plans”) and the Postretirement Medical and Life Benefits plans (in thousands): Pension Plans Thirteen weeks ended Twenty-six weeks ended December 1, December 2, December 1, December 2, 2015 2014 2015 2014 Service cost $ 42 $ 75 $ 272 $ 150 Interest cost 441 444 1,040 887 Expected return on plan assets (102 ) (125 ) (205 ) (249 ) Recognized actuarial loss 473 430 1,101 860 Net periodic benefit cost $ 854 $ 824 $ 2,208 $ 1,648 Postretirement Medical and Life Benefits Thirteen weeks ended Twenty-six weeks ended December 1, December 2, December 1, December 2, 2015 2014 2015 2014 Service cost $ 1 $ 1 $ 2 $ 2 Interest cost 12 11 24 23 Recognized actuarial loss 33 34 65 67 Net periodic benefit cost $ 46 $ 46 $ 91 $ 92 We reclassified recognized actuarial losses of $0.5 million and $1.2 million during the 13 and 26 weeks ended December 1, 2015, respectively, and $0.5 million and $0.9 million during the 13 and 26 weeks ended December 2, 2014, respectively, out of accumulated other comprehensive loss and into pension expense, which is included in Selling, general and administrative, net within our Condensed Consolidated Statements of Operations and Comprehensive Loss. Accumulated other comprehensive loss in our Condensed Consolidated Balance Sheets as of December 1, 2015 and June 2, 2015 was $10.5 million and $10.9 million, respectively. The change in accumulated other comprehensive loss during the 26 weeks ended December 1, 2015 was attributable to $1.2 million of recognized actuarial losses as discussed above which were offset by $0.7 million of additional liability related to our pension plans. We also sponsor two defined contribution retirement savings plans. Information regarding these plans is included in our Annual Report on Form 10-K for the fiscal year ended June 2, 2015.

Note 9 - Income Taxes

Note 9 - Income Taxes	6 Months Ended
	Dec. 01, 2015
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE 9 – INCOME TAXES Under Accounting Standards Codification 740 (“ASC 740”), companies are required to apply their estimated annual tax rate on a year-to-date basis in each interim period. Under ASC 740, companies should not apply the estimated annual tax rate to interim financial results if the estimated annual tax rate is not reliably predictable. In this situation, the interim tax rate should be based on the actual year-to-date results. Due to changes in our projections, which have fluctuated as we work through our brand repositioning, a reliable projection of our annual effective rate has been difficult to determine. As such, we recorded a tax provision for the 13 and 26 weeks ended December 1, 2015 and December 2, 2014 based on the actual year-to-date results, in accordance with ASC 740. We regularly evaluate the need for a valuation allowance for deferred tax assets by assessing whether it is more likely than not that we will realize the deferred tax assets in the future. A valuation allowance assessment is performed each reporting period, with any additions or adjustments reflected in earnings in the period of assessment. In assessing the need for a valuation allowance, we consider both positive and negative evidence related to the likelihood of realization of the deferred tax assets for each jurisdiction. Our valuation allowance for deferred tax assets totaled $73.0 million and $62.8 million as of December 1, 2015 and June 2, 2015, respectively. We recorded a tax benefit of $0.2 million and $1.2 million for the 13 and 26 weeks ended December 1, 2015, respectively, compared to a tax benefit of $0.6 million and $3.2 million for the 13 and 26 weeks ended December 2, 2014. Included in our $3.2 million tax benefit for the 26 weeks ended December 2, 2014 was a benefit of $3.2 million representing an immaterial prior period correction to our deferred tax asset valuation allowance. We had a gross liability for unrecognized tax benefits, exclusive of accrued interest and penalties, of $4.8 million and $3.9 million, respectively, as of December 1, 2015 and June 2, 2015, of which $4.0 million and $3.3 million, respectively, was reclassified against our deferred tax assets. As of December 1, 2015 and June 2, 2015, the total amount of unrecognized tax benefits that, if recognized, would impact our effective tax rate was $3.1 million and $2.4 million, respectively. The liability for unrecognized tax benefits as of December 1, 2015 includes $0.4 million related to tax positions for which it is reasonably possible that the total amounts could change within the next twelve months based on the outcome of examinations and negotiations with tax authorities. Interest and penalties related to unrecognized tax benefits are recognized as components of income tax expense. As of December 1, 2015 and June 2, 2015, we had accrued $0.5 million and $0.4 million, respectively, for the payment of interest and penalties. At December 1, 2015, we are no longer subject to U.S. federal income tax examinations by tax authorities for fiscal years prior to 2011, and with few exceptions, we are no longer subject to state and local examinations by tax authorities prior to fiscal year 2012.

Note 10 - Share-based Employee

Note 10 - Share-based Employee Compensation	6 Months Ended
	Dec. 01, 2015
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	NOTE 10 – SHARE-BASED EMPLOYEE COMPENSATION We compensate our employees and directors using share-based compensation through the following plans: The Ruby Tuesday, Inc. Stock Incentive Plan and the Ruby Tuesday, Inc. 1996 Stock Incentive Plan A committee, appointed by the Board of Directors, administers the Ruby Tuesday, Inc. Stock Incentive Plan (“SIP”) and the Ruby Tuesday, Inc. 1996 Stock Incentive Plan (“1996 SIP”), and has full authority in its discretion to determine the key employees, officers, and non-employee directors to whom share-based incentives are granted and the terms and provisions of share-based incentives. Option grants under the SIP and 1996 SIP can have varying vesting provisions and exercise periods as determined by such committee. A majority of currently outstanding options granted under the SIP and 1996 SIP vest within three years following the date of grant and expire seven years after the date of grant. The SIP and 1996 SIP permit the committee to make awards of shares of common stock, awards of stock options or other derivative securities related to the value of the common stock, and certain cash awards to eligible persons. These discretionary awards may be made on an individual basis or for the benefit of a group of eligible persons. All options awarded under the SIP and 1996 SIP have been awarded with an exercise price equal to the fair market value at the time of grant. At December 1, 2015, we had reserved a total of 6,876,000 shares of common stock for the SIP and 1996 SIP. Of the reserved shares at December 1, 2015, 1,774,000 were subject to options outstanding. Stock option exercises are settled with the issuance of new shares. Net shares of common stock available for issuance at December 1, 2015 were 5,102,000. Stock Options The following table summarizes our stock option activity under these plans for the 26 weeks ended December 1, 2015 (in thousands, except per-share data): Stock Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term (years) Aggregate Intrinsic Value Service-based vesting: Balance at June 2, 2015 2,441 $ 7.78 Cancellations and forfeitures (208 ) 6.61 Expired (96 ) 9.06 Balance at December 1, 2015 2,137 $ 7.83 3.73 $ - Exercisable 1,671 $ 8.21 3.23 $ - Market-based vesting: Balance at June 2, 2015 515 $ 8.60 Cancellations and forfeitures (125 ) 9.34 Balance at December 1, 2015 390 $ 8.36 4.24 $ - Exercisable - - - $ - At December 1, 2015, there was approximately $0.5 million of unrecognized pre-tax compensation expense related to non-vested stock options. This cost is expected to be recognized over a weighted average period of 1.2 years. Restricted Stock and Restricted Stock Units (“RSU”) The following table summarizes our restricted stock and RSU activity for the 26 weeks ended December 1, 2015 (in thousands, except per-share data): Weighted-Average Number of Grant-Date Service-based vesting: Shares Fair Value Unvested at June 2, 2015 803 $ 6.98 Granted 344 6.45 Vested (217 ) 7.09 Forfeited (154 ) 7.60 Unvested at December 1, 2015 776 $ 6.59 Weighted-Average Number of Grant-Date Market-based vesting: Shares Fair Value Unvested at June 2, 2015 - $ - Granted 262 6.51 Unvested at December 1, 2015 262 $ 6.51 The fair values of the restricted stock and RSU awards reflected above were based on the fair market value of our common stock at the time of grant. At December 1, 2015, unrecognized compensation expense related to restricted stock and RSU grants totaled approximately $3.9 million and will be recognized over a weighted average vesting period of approximately 1.7 years. During the 13 weeks ended December 1, 2015, we granted approximately 100,000 restricted shares to non-employee directors under the terms of the Stock Incentive Plan. These shares cliff vest over a one year period following grant of the award. During the first quarter of fiscal year 2016, we granted 244,000 service-based and 262,000 market-based RSUs to certain employees under the terms of the SIP and 1996 SIP. The service-based RSUs will vest in three equal installments over a three-year period following the date of grant. The market-based RSUs will cliff vest at the end of a three-year period following the date of grant. Vesting of the market-based RSUs is further contingent upon the Company’s achievement of a total shareholder return market condition over a three year period, which will be measured in the first quarter of fiscal 2019. On July 25, 2015, our then President Ruby Tuesday Concept and Chief Operations Officer left the Company. Accordingly, included within our share-based compensation expense for the 26 weeks ended December 1, 2015 is a forfeiture credit of $1.3 million in connection with the forfeiture of 333,000 unvested stock options and 137,000 unvested shares of restricted stock. Included within Selling, general, and administrative, net in our Condensed Consolidated Statements of Operations and Comprehensive Loss is share-based compensation expense of $1.0 million and $0.7 million for the 13 and 26 weeks ended December 1, 2015, respectively, and $2.0 million and $3.7 million for the 13 and 26 weeks ended December 2, 2014, respectively.

Note 11 - Segment Reporting

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 )

Note 12 - Commitments and Conti

Note 12 - Commitments and Contingencies	6 Months Ended
	Dec. 01, 2015
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	NOTE 12 – COMMITMENTS AND CONTINGENCIES Litigation We are presently, and from time to time, subject to pending claims and lawsuits arising in the ordinary course of business. We provide reserves for such claims when payment is probable and estimable in accordance with GAAP. At this time, in the opinion of management, the ultimate resolution of pending legal proceedings, including the matter referred to below, will not have a material adverse effect on our operations, financial position, or cash flows. On July 23, 2014, a case styled Kimberly LaFrance, et al. v. Ruby Tuesday, Inc On January 7, 2016, the court granted the motion for final approval of the settlement without modification. After a thirty-day appeals period runs without the filing of any appeals, and none are anticipated, the settlement agreement and the court’s final approval order will become effective, final, and binding. At that point, the Company has an obligation to fund the settlement per the terms of the settlement agreement. In connection with granting final approval of the settlement, the court also dismissed the case with prejudice on January 7, 2016.

Note 13 - Fair Value Measuremen

Note 13 - Fair Value Measurements	6 Months Ended
	Dec. 01, 2015
Notes to Financial Statements
Fair Value Disclosures [Text Block]	NOTE 13 – FAIR VALUE MEASUREMENTS The following table presents the fair value of financial assets and liabilities measured on a recurring basis and the level within the fair value hierarchy in which the measurements fall (in thousands): Level December 1, 2015 June 2, 2015 Deferred compensation plan: other investments – Assets 1 $ 7,499 $ 8,017 Deferred compensation plan: other investments – Liabilities 1 (7,499 ) (8,017 ) During the 26 weeks ended December 1, 2015 there were no transfers among levels within the fair value hierarchy. The Ruby Tuesday, Inc. 2005 Deferred Compensation Plan (the “Deferred Compensation Plan”) and the Ruby Tuesday, Inc. Restated Deferred Compensation Plan (the “Predecessor Plan”) are unfunded, non-qualified deferred compensation plans for eligible employees. Assets earmarked to pay benefits under the Deferred Compensation Plan and Predecessor Plan are held by a rabbi trust. We report the accounts of the rabbi trust in our Condensed Consolidated Financial Statements. The investments held by these plans are considered trading securities and are reported at fair value based on third-party broker statements. The realized and unrealized holding gains and losses related to these investments, as well as the offsetting compensation expense, is recorded in Selling, general and administrative expense in the Condensed Consolidated Financial Statements. The investment in RTI common stock and related liability payable in RTI common stock, which are reflected in Shareholders’ Equity in the Condensed Consolidated Balance Sheets, are excluded from the fair value table above as these are considered treasury shares and reported at cost. The following table presents the fair value of assets measured on a non-recurring basis during the 13 weeks ended December 1, 2015 and the level within the fair value hierarchy in which the measurements fall (in thousands): Fair Value Measurements Level December 1, 2015 Long-lived assets held for sale 2 $ 3,483 Long-lived assets held for use 2 381 Lime Fresh trademark 3 890 Total $ 4,754 The following table presents losses recognized during the 13 and 26 weeks ended December 1, 2015 and December 2, 2014 resulting from non-recurring fair value measurements. The amounts presented are included in Closures and impairments, net and Trademark impairment in our Condensed Consolidated Statements of Operations and Comprehensive Loss (in thousands): Thirteen weeks ended Twenty-six weeks ended December 1, 2015 December 2, 2014 December 1, 2015 December 2, 2014 Included within continuing operations Long-lived assets held for sale $ 258 $ 203 $ 350 $ 802 Long-lived assets held for use 5,957 1,013 8,442 1,470 Lime Fresh trademark 1,999 - 1,999 - $ 8,214 $ 1,216 $ 10,791 $ 2,272 Long-lived assets held for sale are valued using Level 2 inputs, primarily from information obtained through broker listings or sales agreements. Costs to market and/or sell are factored into the estimates of fair value for those properties included in Assets held for sale on our Condensed Consolidated Balance Sheets. We review our long-lived assets (primarily property, equipment, and, as appropriate, reacquired franchise rights and favorable leases) related to each restaurant to be held and used in the business, whenever events or changes in circumstances indicate that the carrying amount of a restaurant may not be recoverable. Long-lived assets held for use presented in the table above includes restaurants or groups of restaurants that we have impaired. From time to time, the table will also include closed restaurants or surplus sites not meeting held for sale criteria that have been offered for sale at a price less than their carrying value. The fair values of our long-lived assets held for use are based on broker estimates of the value of the land, building, leasehold improvements, and other residual assets (Level 2) or discounted cash flow estimates using unobservable inputs (Level 3). Our financial instruments at December 1, 2015 and June 2, 2015 consisted of cash and cash equivalents, accounts receivable and payable, and long-term debt. The fair values of cash and cash equivalents and accounts receivable and payable approximated their carrying values because of the short-term nature of these instruments. The carrying amounts and fair values of our long-term debt, which are not measured on a recurring basis using fair value, are as follows (in thousands): December 1, 2015 June 2, 2015 (as adjusted) Carrying Value Fair Value (Level 2) Carrying Value Fair Value (Level 2) Long-term debt (Level 2) $ 231,726 $ 241,250 $ 240,889 $ 255,194 We estimated the fair value of debt using market quotes and calculations based on market rates.

Note 14 - Supplemental Condense

Note 14 - Supplemental Condensed Consolidating Financial Statements	6 Months Ended
	Dec. 01, 2015
Notes to Financial Statements
Condensed Financial Statements [Text Block]	NOTE 14 – SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL STATEMENTS As discussed in Note 6 to the Condensed Consolidated Financial Statements, the Senior Notes held by Ruby Tuesday, Inc. (the “Parent”) are guaranteed on a senior unsecured basis by our existing and future domestic restricted subsidiaries, subject to certain exceptions (the “Guarantors”). Each of the Guarantors is wholly-owned by Ruby Tuesday, Inc. None of the few remaining subsidiaries of Ruby Tuesday, Inc., which were primarily created to hold liquor license assets, guarantee the Senior Notes (the “Non-Guarantors”). Our Non-Guarantor subsidiaries are immaterial and are aggregated within the Parent information disclosed below. The following condensed consolidating financial information, which has been prepared in accordance with the requirements for presentation of Rule 3-10(f) of Regulation S-X promulgated by the Securities and Exchange Commission, presents the condensed consolidating financial information separately for the Parent, the Guarantors, and elimination entries necessary to consolidate the Parent and Guarantors. Investments in wholly-owned subsidiaries are accounted for using the equity method for purposes of the consolidated presentation. The principal elimination entries eliminate investments in subsidiaries and intercompany balances and transactions. Condensed Consolidating Balance Sheet As of December 1, 2015 (In thousands) Parent Guarantors Eliminations Consolidated Assets Current assets: Cash and cash equivalents $ 44,962 $ 289 $ - $ 45,251 Accounts receivable 1,646 3,982 - 5,628 Inventories 18,310 7,472 - 25,782 Income tax receivable 163,698 - (161,628 ) 2,070 Other current assets 18,457 2,410 – 20,867 Total current assets 247,073 14,153 (161,628 ) 99,598 Property and equipment, net 536,762 195,658 - 732,420 Deferred income taxes, net 4,231 (1,870 ) - 2,361 Investment in subsidiaries 126,410 - (126,410 ) - Due from/(to) subsidiaries 81,553 221,364 (302,917 ) - Other assets 42,435 7,304 - 49,739 Total assets $ 1,038,464 $ 436,609 $ (590,955 ) $ 884,118 Liabilities & Shareholders’ Equity Current liabilities: Accounts payable $ 10,155 $ 2,639 $ - $ 12,794 Accrued and other current liabilities 42,761 29,608 - 72,369 Current maturities of long-term debt, including capital leases (1,034 ) 2,901 - 1,867 Income tax payable - 161,628 (161,628 ) - Deferred income taxes, net 4,230 (1,869 ) - 2,361 Total current liabilities 56,112 194,907 (161,628 ) 89,391 Long-term debt and capital leases, less current maturities 210,894 19,155 - 230,049 Due to/(from) subsidiaries 221,364 81,553 (302,917 ) - Other deferred liabilities 103,272 14,584 - 117,856 Total liabilities 591,642 310,199 (464,545 ) 437,296 Shareholders’ equity: Common stock 620 - - 620 Capital in excess of par value 84,641 - - 84,641 Retained earnings 372,039 126,410 (126,410 ) 372,039 Accumulated other comprehensive loss (10,478 ) - - (10,478 ) Total shareholders’ equity 446,822 126,410 (126,410 ) 446,822 Total liabilities & shareholders’ equity $ 1,038,464 $ 436,609 $ (590,955 ) $ 884,118 Condensed Consolidating Balance Sheet As of June 2, 2015 (as adjusted) (In thousands) Parent Guarantors Eliminations Consolidated Assets Current assets: Cash and cash equivalents $ 75,034 $ 297 $ - $ 75,331 Accounts receivable 1,557 3,730 - 5,287 Inventories 14,581 5,830 - 20,411 Income tax receivable 153,146 - (153,146 ) - Other current assets 15,543 2,308 - 17,851 Total current assets 259,861 12,165 (153,146 ) 118,880 Property and equipment, net 554,089 198,085 - 752,174 Investment in subsidiaries 128,824 - (128,824 ) - Due from/(to) subsidiaries 66,019 215,373 (281,392 ) - Other assets 44,118 10,280 - 54,398 Total assets $ 1,052,911 $ 435,903 $ (563,362 ) $ 925,452 Liabilities & Shareholders’ Equity Current liabilities: Accounts payable $ 18,533 $ 4,472 $ - $ 23,005 Accrued and other current liabilities 42,458 33,764 - 76,222 Current maturities of long-term debt, including capital leases (994 ) 11,072 - 10,078 Income tax payable - 154,215 (153,146 ) 1,069 Deferred income taxes, net 2,839 (2,832 ) - 7 Total current liabilities 62,836 200,691 (153,146 ) 110,381 Long-term debt and capital leases, less current maturities 210,382 20,635 - 231,017 Deferred income taxes, net (3,865 ) 5,307 - 1,442 Due to/(from) subsidiaries 215,373 66,019 (281,392 ) - Other deferred liabilities 102,602 14,427 - 117,029 Total liabilities 587,328 307,079 (434,538 ) 459,869 Shareholders’ equity: Common stock 621 - - 621 Capital in excess of par value 83,870 - - 83,870 Retained earnings 392,032 128,824 (128,824 ) 392,032 Accumulated other comprehensive loss (10,940 ) - - (10,940 ) Total shareholders’ equity 465,583 128,824 (128,824 ) 465,583 Total liabilities & shareholders’ equity $ 1,052,911 $ 435,903 $ (563,362 ) $ 925,452 Condensed Consolidating Statement of Operations and Comprehensive Loss For the Thirteen Weeks Ended December 1, 2015 (In thousands) Parent Guarantors Eliminations Consolidated Revenue: Restaurant sales and operating revenue $ 187,112 $ 72,218 $ - $ 259,330 Franchise revenue 115 1,511 - 1,626 187,227 73,729 - 260,956 Operating costs and expenses: Cost of goods sold 50,775 19,530 - 70,305 Payroll and related costs 64,917 27,367 - 92,284 Other restaurant operating costs 41,024 15,361 - 56,385 Depreciation and amortization 9,170 3,766 - 12,936 Selling, general, and administrative 15,799 12,049 - 27,848 Intercompany selling, general, and administrative allocations 10,336 (10,336 ) - - Closures and impairments, net 9,498 575 - 10,073 Trademark impairment - 1,999 - 1,999 Equity in earnings of subsidiaries (1,265 ) - 1,265 - Interest expense, net 4,652 453 - 5,105 Intercompany interest expense/(income) 3,016 (3,016 ) - - 207,922 67,748 1,265 276,935 (Loss)/income before income taxes (20,695 ) 5,981 (1,265 ) (15,979 ) (Benefit)/provision for income taxes (4,896 ) 4,716 - (180 ) Net (loss)/income $ (15,799 ) $ 1,265 $ (1,265 ) $ (15,799 ) Other comprehensive income: Pension liability reclassification 506 - - 506 Total comprehensive (loss)/income $ (15,293 ) $ 1,265 $ (1,265 ) $ (15,293 ) Condensed Consolidating Statement of Operations and Comprehensive Loss For the Twenty-Six Weeks Ended December 1, 2015 (In thousands) Parent Guarantors Eliminations Consolidated Revenue: Restaurant sales and operating revenue $ 388,528 $ 148,709 $ - $ 537,237 Franchise revenue 130 3,069 - 3,199 388,658 151,778 - 540,436 Operating costs and expenses: Cost of goods sold 106,003 40,543 - 146,546 Payroll and related costs 132,258 55,361 - 187,619 Other restaurant operating costs 86,226 32,366 - 118,592 Depreciation and amortization 18,297 7,445 - 25,742 Selling, general, and administrative 36,388 20,856 - 57,244 Intercompany selling, general, and administrative allocations 21,462 (21,462 ) - - Closures and impairments, net 12,087 698 - 12,785 Trademark impairment - 1,999 - 1,999 Equity in earnings of subsidiaries (13,231 ) - 13,231 - Interest expense, net 9,250 1,855 - 11,105 Intercompany interest expense/(income) 5,991 (5,991 ) - - 414,731 133,670 13,231 561,632 (Loss)/income before income taxes (26,073 ) 18,108 (13,231 ) (21,196 ) (Benefit)/provision for income taxes (6,080 ) 4,877 - (1,203 ) Net (loss)/income $ (19,993 ) $ 13,231 $ (13,231 ) $ (19,993 ) Other comprehensive income: Pension liability reclassification 462 - - 462 Total comprehensive (loss)/income $ (19,531 ) $ 13,231 $ (13,231 ) $ (19,531 ) Condensed Consolidating Statement of Operations and Comprehensive Loss For the Thirteen Weeks Ended December 2, 2014 (as adjusted) (In thousands) Parent Guarantors Eliminations Consolidated Revenue: Restaurant sales and operating revenue $ 188,572 $ 72,634 - $ 261,206 Franchise revenue 38 1,415 - 1,453 188,610 74,049 - 262,659 Operating costs and expenses: Cost of goods sold 51,718 19,928 - 71,646 Payroll and related costs 66,348 27,616 - 93,964 Other restaurant operating costs 43,417 16,099 - 59,516 Depreciation and amortization 9,423 3,696 - 13,119 Selling, general, and administrative 16,548 10,744 - 27,292 Intercompany selling, general, and administrative allocations 10,473 (10,473 ) - - Closures and impairments, net 1,073 2 - 1,075 Equity in earnings of subsidiaries (4,326 ) - 4,326 - Interest expense, net 4,736 1,179 - 5,915 Intercompany interest expense/(income) 2,998 (2,998 ) - - 202,408 65,793 4,326 272,527 (Loss)/income before income taxes (13,798 ) 8,256 (4,326 ) (9,868 ) (Benefit)/provision for income taxes (4,525 ) 3,930 - (595 ) Net (loss)/income $ (9,273 ) $ 4,326 $ (4,326 ) $ (9,273 ) Other comprehensive loss: Pension liability reclassification 464 - - 464 Total comprehensive (loss)/income $ (8,809 ) $ 4,326 $ (4,326 ) $ (8,809 ) Condensed Consolidating Statement of Operations and Comprehensive Loss For the Twenty-Six Weeks Ended December 2, 2014 (as adjusted) (In thousands) Parent Guarantor Eliminations Consolidated Revenue: Restaurant sales and operating revenue $ 391,123 $ 149,540 $ - $ 540,663 Franchise revenue 184 2,994 - 3,178 391,307 152,534 - 543,841 Operating costs and expenses: Cost of goods sold 106,248 40,545 - 146,793 Payroll and related costs 134,390 55,416 - 189,806 Other restaurant operating costs 86,749 31,985 - 118,734 Depreciation and amortization 18,890 7,468 - 26,358 Selling, general, and administrative 36,769 21,424 - 58,193 Intercompany selling, general, and administrative allocations 21,615 (21,615 ) - - Closures and impairments, net 2,304 253 - 2,557 Equity in earnings of subsidiaries (12,107 ) - 12,107 - Interest expense, net 9,247 2,090 - 11,337 Intercompany interest expense/(income) 5,890 (5,890 ) - - 409,995 131,676 12,107 553,778 (Loss)/income before income taxes (18,688 ) 20,858 (12,107 ) (9,937 ) (Benefit)/provision for income taxes (11,980 ) 8,751 - (3,229 ) Net (loss)/income $ (6,708 ) $ 12,107 $ (12,107 ) $ (6,708 ) Other comprehensive loss: Pension liability reclassification 927 - - 927 Total comprehensive (loss)/income $ (5,781 ) $ 12,107 $ (12,107 ) $ (5,781 ) Condensed Consolidating Statement of Cash Flows For the Twenty-Six Weeks Ended December 1, 2015 (In thousands) Parent Guarantors Eliminations Consolidated Net cash (used)/provided by operating activities $ (24,693 ) $ 30,215 $ (9,653 ) $ (4,131 ) Investing activities: Purchases of property and equipment (15,296 ) (4,992 ) - (20,288 ) Proceeds from disposal of assets 3,665 - - 3,665 Other, net 313 - - 313 Net cash used by investing activities (11,318 ) (4,992 ) - (16,310 ) Financing activities: Principal payments on long-term debt (15 ) (9,586 ) - (9,601 ) Stock repurchases (9 ) - - (9 ) Payments for debt issuance costs (29 ) - - (29 ) Intercompany transactions 5,991 (15,644 ) 9,653 - Net cash provided/(used) by financing activities 5,938 (25,230 ) 9,653 (9,639 ) Decrease in cash and cash equivalents (30,073 ) (7 ) - (30,080 ) Cash and cash equivalents: Beginning of year 75,034 297 - 75,331 End of quarter $ 44,961 $ 290 $ - $ 45,251 Condensed Consolidating Statement of Cash Flows For the Twenty-Six Weeks Ended December 2, 2014 (In thousands) Parent Guarantors Eliminations Consolidated Net cash provided by operating activities $ 25,640 $ 43,870 $ (59,553 ) $ 9,957 Investing activities: Purchases of property and equipment (11,002 ) (2,819 ) - (13,821 ) Proceeds from disposal of assets 4,607 997 - 5,604 Other, net 1,146 135 - 1,281 Net cash used by investing activities (5,249 ) (1,687 ) - (6,936 ) Financing activities: Principal payments on long-term debt (16 ) (6,250 ) - (6,266 ) Stock repurchases (55 ) - - (55 ) Payments for debt issuance costs (75 ) - - (75 ) Proceeds from exercise of stock options 197 - - 197 Excess tax benefits from share-based compensation 22 - - 22 Intercompany transactions (23,610 ) (35,943 ) 59,553 - Net cash used by financing activities (23,537 ) (42,193 ) 59,553 (6,177 ) Decrease in cash and cash equivalents (3,146 ) (10 ) - (3,156 ) Cash and cash equivalents: Beginning of year 51,012 314 - 51,326 End of quarter $ 47,866 $ 304 $ - $ 48,170

Note 15 - Recently Issued Accou

Note 15 - Recently Issued Accounting Pronouncements	6 Months Ended
	Dec. 01, 2015
Notes to Financial Statements
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	NOTE 15 – RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS Accounting Pronouncements Adopted During Fiscal Year 2016 In April 2015, the Financial Accounting Standards Board (“FASB”) issued ASU 2015-03 . Accounting Pronouncements Not Yet Adopted In November 2015, the FASB issued ASU 2015-17, Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes In July 2015, the FASB issued ASU 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory In August 2014, the FASB issued ASU 2014-15, Presentation of Finan cial Statements – Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern . In May 2014, the FASB and International Accounting Standards Board jointly issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) .

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Dec. 01, 2015
Accounting Policies [Abstract]
Reclassification, Policy [Policy Text Block]	Reclassifications As further reflected in Note 6 to the Condensed Consolidated Financial Statements, we adopted Accounting Standards Update (“ASU”) 2015-03, Interest-Imputation of Interest ( Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs As presented June 2, 2015 Reclassifications As adjusted June 2, 2015 Prepaid rent and other expenses $ 13,181 $ (783 ) $ 12,398 Other assets 57,554 (3,156 ) 54,398 Current maturities of long-term debt, including capital leases 10,861 (783 ) 10,078 Long-term debt and capital leases, less current maturities 234,173 (3,156 ) 231,017 As shown in the table below, we have also reclassified amortization of intangible assets from Other restaurant operating costs to Depreciation and amortization in the Condensed Consolidated Statements of Operations and Comprehensive Loss for the prior period to be comparable with the classification for the 13 and 26 weeks ended December 1, 2015. We made this reclassification to more accurately reflect the nature of the expenses in our Condensed Consolidated Statements of Operations and Comprehensive Loss. Amounts presented are in thousands. As presented Thirteen weeks ended December 2, 2014 Reclassifications As adjusted Thirteen weeks ended December 2, 2014 Other restaurant operating costs $ 60,097 $ (581 ) $ 59,516 Depreciation and amortization 12,538 581 13,119 As presented Twenty-Six weeks ended December 2, 2014 Reclassifications As adjusted Twenty-Six weeks ended December 2, 2014 Other restaurant operating costs $ 119,896 $ (1,162 ) $ 118,734 Depreciation and amortization 25,196 1,162 26,358
Changes in Accounting Principle [Policy Text Block]	Change in Accounting Principle During the first quarter of fiscal year 2016, we completed the implementation of a new inventory management system in our company-owned restaurants. In connection with this implementation, we changed our method of accounting for inventory from the lower of cost (first-in, first-out) or market method utilized by our legacy system to the lower of cost or market method using a weighted-average cost method. We believe this change in accounting principle is preferable because we believe it will result in greater precision in the costing of inventories. In addition, the weighted-average cost method better aligns with the functionality of the new inventory management system. We determined that the effects of adopting the average cost method were not material to our Condensed Consolidated Financial Statements. Prior to the conversion to the new inventory management system, we were not able to determine the impact of the change to the weighted-average cost method. Therefore, we did not retroactively apply the change to periods prior to fiscal year 2016.

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation (Tables)	6 Months Ended
	Dec. 01, 2015
Notes Tables
Reclassified Unamortized Debt Issuance Costs Reported in Balance Sheet [Table Text Block]	As presented June 2, 2015 Reclassifications As adjusted June 2, 2015 Prepaid rent and other expenses $ 13,181 $ (783 ) $ 12,398 Other assets 57,554 (3,156 ) 54,398 Current maturities of long-term debt, including capital leases 10,861 (783 ) 10,078 Long-term debt and capital leases, less current maturities 234,173 (3,156 ) 231,017
Reclassified Amortization of Intangible Assets in the Statement of Operations and Comprehensive Income [Table Text Block]	As presented Thirteen weeks ended December 2, 2014 Reclassifications As adjusted Thirteen weeks ended December 2, 2014 Other restaurant operating costs $ 60,097 $ (581 ) $ 59,516 Depreciation and amortization 12,538 581 13,119 As presented Twenty-Six weeks ended December 2, 2014 Reclassifications As adjusted Twenty-Six weeks ended December 2, 2014 Other restaurant operating costs $ 119,896 $ (1,162 ) $ 118,734 Depreciation and amortization 25,196 1,162 26,358

Note 2 - Loss Per Share (Tables

Note 2 - Loss Per Share (Tables)	6 Months Ended
	Dec. 01, 2015
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Thirteen weeks ended Twenty-six weeks ended December 1, 2015 December 2, 2014 December 1, 2015 December 2, 2014 Net loss $ (15,799 ) $ (9,273 ) $ (19,993 ) $ (6,708 ) Weighted-average common shares outstanding 61,455 60,534 61,400 60,476 Dilutive effect of stock options and restricted stock - - - - Weighted average common and dilutive potential common shares outstanding 61,455 60,534 61,400 60,476 Basic loss per share $ (0.26 ) $ (0.15 ) $ (0.33 ) $ (0.11 ) Diluted loss per share $ (0.26 ) $ (0.15 ) $ (0.33 ) $ (0.11 )
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	Thirteen weeks ended Twenty-six weeks ended December 1, 2015 December 2, 2014 December 1, 2015 December 2, 2014 Stock options 2,574 3,301 2,694 3,102 Restricted shares / Restricted share units 964 1,468 857 1,319 Total 3,538 4,769 3,551 4,421

Note 4 - Accounts Receivable (T

Note 4 - Accounts Receivable (Tables)	6 Months Ended
	Dec. 01, 2015
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	December 1, 2015 June 2, 2015 Rebates receivable $ 790 $ 943 Amounts due from franchisees 2,227 1,995 Third-party gift card sales 1,443 1,330 Other receivables 1,168 1,019 $ 5,628 $ 5,287

Note 5 - Property, Equipment,25

Note 5 - Property, Equipment, Assets Held for Sale, and Operating Leases (Tables)	6 Months Ended
	Dec. 01, 2015
Notes Tables
Property, Plant and Equipment [Table Text Block]	December 1, 2015 June 2, 2015 Land $ 212,068 $ 212,073 Buildings 429,769 426,813 Improvements 349,787 358,549 Restaurant equipment 246,705 247,775 Other equipment 87,474 87,782 Surplus properties* 7,001 10,504 Construction in progress and other 2,888 4,316 1,335,692 1,347,812 Less accumulated depreciation 603,272 595,638 $ 732,420 $ 752,174

Note 6 - Long-term Debt and C26

Note 6 - Long-term Debt and Capital Leases (Tables)	6 Months Ended
	Dec. 01, 2015
Notes Tables
Schedule of Long-term Debt Instruments [Table Text Block]	December 1, 2015 June 2, 2015 (as adjusted) Senior unsecured notes $ 215,000 $ 215,000 Unamortized discount (1,981 ) (2,162 ) Unamortized debt issuance costs (3,349 ) (3,656 ) Senior unsecured notes less unamortized discount and debt issuance costs 209,670 209,182 Revolving credit facility - - Mortgage loan obligations 22,023 31,607 Unamortized premium - mortgage loan obligations 193 383 Unamortized debt issuance costs - mortgage loan obligations (160 ) (283 ) Capital lease obligations 190 206 231,916 241,095 Less current maturities 1,867 10,078 $ 230,049 $ 231,017

Note 7 - Closures and Impairm27

Note 7 - Closures and Impairments Expense (Tables)	6 Months Ended
	Dec. 01, 2015
Notes Tables
Closures and Impairment Expenses [Table Text Block]	Thirteen weeks ended Twenty-six weeks ended December 1, 2015 December 2, 2014 December 1, 2015 December 2, 2014 Closures and impairments from continuing operations: Property impairments $ 6,215 $ 1,216 $ 8,792 $ 2,272 Closed restaurant lease reserves 3,721 295 4,325 761 Other closing costs 498 395 619 628 Gain on sale of surplus properties (361 ) (831 ) (951 ) (1,104 ) Closures and impairments, net $ 10,073 $ 1,075 $ 12,785 $ 2,557
Future Lease Obligations Associated with Closed Properties [Table Text Block]	Reserve for Lease Obligations Balance at June 2, 2015 $ 7,051 Closing expense including rent and other lease charges 4,325 Payments (1,631 ) Other adjustments 136 Balance at December 1, 2015 $ 9,881

Note 8 - Employee Post-employ28

Note 8 - Employee Post-employment Benefits (Tables)	6 Months Ended
	Dec. 01, 2015
Notes Tables
Schedule of Net Benefit Costs [Table Text Block]	Pension Plans Thirteen weeks ended Twenty-six weeks ended December 1, December 2, December 1, December 2, 2015 2014 2015 2014 Service cost $ 42 $ 75 $ 272 $ 150 Interest cost 441 444 1,040 887 Expected return on plan assets (102 ) (125 ) (205 ) (249 ) Recognized actuarial loss 473 430 1,101 860 Net periodic benefit cost $ 854 $ 824 $ 2,208 $ 1,648 Postretirement Medical and Life Benefits Thirteen weeks ended Twenty-six weeks ended December 1, December 2, December 1, December 2, 2015 2014 2015 2014 Service cost $ 1 $ 1 $ 2 $ 2 Interest cost 12 11 24 23 Recognized actuarial loss 33 34 65 67 Net periodic benefit cost $ 46 $ 46 $ 91 $ 92

Note 10 - Share-based Employe29

Note 10 - Share-based Employee Compensation (Tables)	6 Months Ended
	Dec. 01, 2015
Notes Tables
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	Stock Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term (years) Aggregate Intrinsic Value Service-based vesting: Balance at June 2, 2015 2,441 $ 7.78 Cancellations and forfeitures (208 ) 6.61 Expired (96 ) 9.06 Balance at December 1, 2015 2,137 $ 7.83 3.73 $ - Exercisable 1,671 $ 8.21 3.23 $ - Market-based vesting: Balance at June 2, 2015 515 $ 8.60 Cancellations and forfeitures (125 ) 9.34 Balance at December 1, 2015 390 $ 8.36 4.24 $ - Exercisable - - - $ -
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]	Weighted-Average Number of Grant-Date Service-based vesting: Shares Fair Value Unvested at June 2, 2015 803 $ 6.98 Granted 344 6.45 Vested (217 ) 7.09 Forfeited (154 ) 7.60 Unvested at December 1, 2015 776 $ 6.59 Weighted-Average Number of Grant-Date Market-based vesting: Shares Fair Value Unvested at June 2, 2015 - $ - Granted 262 6.51 Unvested at December 1, 2015 262 $ 6.51

Note 11 - Segment Reporting (Ta

Note 11 - Segment Reporting (Tables)	6 Months Ended
	Dec. 01, 2015
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	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
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	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
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]	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 )

Note 13 - Fair Value Measurem31

Note 13 - Fair Value Measurements (Tables)	6 Months Ended
	Dec. 01, 2015
Notes Tables
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	Level December 1, 2015 June 2, 2015 Deferred compensation plan: other investments – Assets 1 $ 7,499 $ 8,017 Deferred compensation plan: other investments – Liabilities 1 (7,499 ) (8,017 )
Fair Value Measurements, Nonrecurring [Table Text Block]	Fair Value Measurements Level December 1, 2015 Long-lived assets held for sale 2 $ 3,483 Long-lived assets held for use 2 381 Lime Fresh trademark 3 890 Total $ 4,754
Schedule of Gains and Losses Recognized from Fair Value Measurements on Non-Recurring Basis [Table Text Block]	Thirteen weeks ended Twenty-six weeks ended December 1, 2015 December 2, 2014 December 1, 2015 December 2, 2014 Included within continuing operations Long-lived assets held for sale $ 258 $ 203 $ 350 $ 802 Long-lived assets held for use 5,957 1,013 8,442 1,470 Lime Fresh trademark 1,999 - 1,999 - $ 8,214 $ 1,216 $ 10,791 $ 2,272
Fair Value, by Balance Sheet Grouping [Table Text Block]	December 1, 2015 June 2, 2015 (as adjusted) Carrying Value Fair Value (Level 2) Carrying Value Fair Value (Level 2) Long-term debt (Level 2) $ 231,726 $ 241,250 $ 240,889 $ 255,194

Note 14 - Supplemental Conden32

Note 14 - Supplemental Condensed Consolidating Financial Statements (Tables)	6 Months Ended
	Dec. 01, 2015
Notes Tables
Condensed Balance Sheet [Table Text Block]	Parent Guarantors Eliminations Consolidated Assets Current assets: Cash and cash equivalents $ 44,962 $ 289 $ - $ 45,251 Accounts receivable 1,646 3,982 - 5,628 Inventories 18,310 7,472 - 25,782 Income tax receivable 163,698 - (161,628 ) 2,070 Other current assets 18,457 2,410 – 20,867 Total current assets 247,073 14,153 (161,628 ) 99,598 Property and equipment, net 536,762 195,658 - 732,420 Deferred income taxes, net 4,231 (1,870 ) - 2,361 Investment in subsidiaries 126,410 - (126,410 ) - Due from/(to) subsidiaries 81,553 221,364 (302,917 ) - Other assets 42,435 7,304 - 49,739 Total assets $ 1,038,464 $ 436,609 $ (590,955 ) $ 884,118 Liabilities & Shareholders’ Equity Current liabilities: Accounts payable $ 10,155 $ 2,639 $ - $ 12,794 Accrued and other current liabilities 42,761 29,608 - 72,369 Current maturities of long-term debt, including capital leases (1,034 ) 2,901 - 1,867 Income tax payable - 161,628 (161,628 ) - Deferred income taxes, net 4,230 (1,869 ) - 2,361 Total current liabilities 56,112 194,907 (161,628 ) 89,391 Long-term debt and capital leases, less current maturities 210,894 19,155 - 230,049 Due to/(from) subsidiaries 221,364 81,553 (302,917 ) - Other deferred liabilities 103,272 14,584 - 117,856 Total liabilities 591,642 310,199 (464,545 ) 437,296 Shareholders’ equity: Common stock 620 - - 620 Capital in excess of par value 84,641 - - 84,641 Retained earnings 372,039 126,410 (126,410 ) 372,039 Accumulated other comprehensive loss (10,478 ) - - (10,478 ) Total shareholders’ equity 446,822 126,410 (126,410 ) 446,822 Total liabilities & shareholders’ equity $ 1,038,464 $ 436,609 $ (590,955 ) $ 884,118 Parent Guarantors Eliminations Consolidated Assets Current assets: Cash and cash equivalents $ 75,034 $ 297 $ - $ 75,331 Accounts receivable 1,557 3,730 - 5,287 Inventories 14,581 5,830 - 20,411 Income tax receivable 153,146 - (153,146 ) - Other current assets 15,543 2,308 - 17,851 Total current assets 259,861 12,165 (153,146 ) 118,880 Property and equipment, net 554,089 198,085 - 752,174 Investment in subsidiaries 128,824 - (128,824 ) - Due from/(to) subsidiaries 66,019 215,373 (281,392 ) - Other assets 44,118 10,280 - 54,398 Total assets $ 1,052,911 $ 435,903 $ (563,362 ) $ 925,452 Liabilities & Shareholders’ Equity Current liabilities: Accounts payable $ 18,533 $ 4,472 $ - $ 23,005 Accrued and other current liabilities 42,458 33,764 - 76,222 Current maturities of long-term debt, including capital leases (994 ) 11,072 - 10,078 Income tax payable - 154,215 (153,146 ) 1,069 Deferred income taxes, net 2,839 (2,832 ) - 7 Total current liabilities 62,836 200,691 (153,146 ) 110,381 Long-term debt and capital leases, less current maturities 210,382 20,635 - 231,017 Deferred income taxes, net (3,865 ) 5,307 - 1,442 Due to/(from) subsidiaries 215,373 66,019 (281,392 ) - Other deferred liabilities 102,602 14,427 - 117,029 Total liabilities 587,328 307,079 (434,538 ) 459,869 Shareholders’ equity: Common stock 621 - - 621 Capital in excess of par value 83,870 - - 83,870 Retained earnings 392,032 128,824 (128,824 ) 392,032 Accumulated other comprehensive loss (10,940 ) - - (10,940 ) Total shareholders’ equity 465,583 128,824 (128,824 ) 465,583 Total liabilities & shareholders’ equity $ 1,052,911 $ 435,903 $ (563,362 ) $ 925,452
Condensed Income Statement [Table Text Block]	Parent Guarantors Eliminations Consolidated Revenue: Restaurant sales and operating revenue $ 187,112 $ 72,218 $ - $ 259,330 Franchise revenue 115 1,511 - 1,626 187,227 73,729 - 260,956 Operating costs and expenses: Cost of goods sold 50,775 19,530 - 70,305 Payroll and related costs 64,917 27,367 - 92,284 Other restaurant operating costs 41,024 15,361 - 56,385 Depreciation and amortization 9,170 3,766 - 12,936 Selling, general, and administrative 15,799 12,049 - 27,848 Intercompany selling, general, and administrative allocations 10,336 (10,336 ) - - Closures and impairments, net 9,498 575 - 10,073 Trademark impairment - 1,999 - 1,999 Equity in earnings of subsidiaries (1,265 ) - 1,265 - Interest expense, net 4,652 453 - 5,105 Intercompany interest expense/(income) 3,016 (3,016 ) - - 207,922 67,748 1,265 276,935 (Loss)/income before income taxes (20,695 ) 5,981 (1,265 ) (15,979 ) (Benefit)/provision for income taxes (4,896 ) 4,716 - (180 ) Net (loss)/income $ (15,799 ) $ 1,265 $ (1,265 ) $ (15,799 ) Other comprehensive income: Pension liability reclassification 506 - - 506 Total comprehensive (loss)/income $ (15,293 ) $ 1,265 $ (1,265 ) $ (15,293 ) Parent Guarantors Eliminations Consolidated Revenue: Restaurant sales and operating revenue $ 388,528 $ 148,709 $ - $ 537,237 Franchise revenue 130 3,069 - 3,199 388,658 151,778 - 540,436 Operating costs and expenses: Cost of goods sold 106,003 40,543 - 146,546 Payroll and related costs 132,258 55,361 - 187,619 Other restaurant operating costs 86,226 32,366 - 118,592 Depreciation and amortization 18,297 7,445 - 25,742 Selling, general, and administrative 36,388 20,856 - 57,244 Intercompany selling, general, and administrative allocations 21,462 (21,462 ) - - Closures and impairments, net 12,087 698 - 12,785 Trademark impairment - 1,999 - 1,999 Equity in earnings of subsidiaries (13,231 ) - 13,231 - Interest expense, net 9,250 1,855 - 11,105 Intercompany interest expense/(income) 5,991 (5,991 ) - - 414,731 133,670 13,231 561,632 (Loss)/income before income taxes (26,073 ) 18,108 (13,231 ) (21,196 ) (Benefit)/provision for income taxes (6,080 ) 4,877 - (1,203 ) Net (loss)/income $ (19,993 ) $ 13,231 $ (13,231 ) $ (19,993 ) Other comprehensive income: Pension liability reclassification 462 - - 462 Total comprehensive (loss)/income $ (19,531 ) $ 13,231 $ (13,231 ) $ (19,531 ) Parent Guarantors Eliminations Consolidated Revenue: Restaurant sales and operating revenue $ 188,572 $ 72,634 - $ 261,206 Franchise revenue 38 1,415 - 1,453 188,610 74,049 - 262,659 Operating costs and expenses: Cost of goods sold 51,718 19,928 - 71,646 Payroll and related costs 66,348 27,616 - 93,964 Other restaurant operating costs 43,417 16,099 - 59,516 Depreciation and amortization 9,423 3,696 - 13,119 Selling, general, and administrative 16,548 10,744 - 27,292 Intercompany selling, general, and administrative allocations 10,473 (10,473 ) - - Closures and impairments, net 1,073 2 - 1,075 Equity in earnings of subsidiaries (4,326 ) - 4,326 - Interest expense, net 4,736 1,179 - 5,915 Intercompany interest expense/(income) 2,998 (2,998 ) - - 202,408 65,793 4,326 272,527 (Loss)/income before income taxes (13,798 ) 8,256 (4,326 ) (9,868 ) (Benefit)/provision for income taxes (4,525 ) 3,930 - (595 ) Net (loss)/income $ (9,273 ) $ 4,326 $ (4,326 ) $ (9,273 ) Other comprehensive loss: Pension liability reclassification 464 - - 464 Total comprehensive (loss)/income $ (8,809 ) $ 4,326 $ (4,326 ) $ (8,809 ) Parent Guarantor Eliminations Consolidated Revenue: Restaurant sales and operating revenue $ 391,123 $ 149,540 $ - $ 540,663 Franchise revenue 184 2,994 - 3,178 391,307 152,534 - 543,841 Operating costs and expenses: Cost of goods sold 106,248 40,545 - 146,793 Payroll and related costs 134,390 55,416 - 189,806 Other restaurant operating costs 86,749 31,985 - 118,734 Depreciation and amortization 18,890 7,468 - 26,358 Selling, general, and administrative 36,769 21,424 - 58,193 Intercompany selling, general, and administrative allocations 21,615 (21,615 ) - - Closures and impairments, net 2,304 253 - 2,557 Equity in earnings of subsidiaries (12,107 ) - 12,107 - Interest expense, net 9,247 2,090 - 11,337 Intercompany interest expense/(income) 5,890 (5,890 ) - - 409,995 131,676 12,107 553,778 (Loss)/income before income taxes (18,688 ) 20,858 (12,107 ) (9,937 ) (Benefit)/provision for income taxes (11,980 ) 8,751 - (3,229 ) Net (loss)/income $ (6,708 ) $ 12,107 $ (12,107 ) $ (6,708 ) Other comprehensive loss: Pension liability reclassification 927 - - 927 Total comprehensive (loss)/income $ (5,781 ) $ 12,107 $ (12,107 ) $ (5,781 )
Condensed Cash Flow Statement [Table Text Block]	Parent Guarantors Eliminations Consolidated Net cash (used)/provided by operating activities $ (24,693 ) $ 30,215 $ (9,653 ) $ (4,131 ) Investing activities: Purchases of property and equipment (15,296 ) (4,992 ) - (20,288 ) Proceeds from disposal of assets 3,665 - - 3,665 Other, net 313 - - 313 Net cash used by investing activities (11,318 ) (4,992 ) - (16,310 ) Financing activities: Principal payments on long-term debt (15 ) (9,586 ) - (9,601 ) Stock repurchases (9 ) - - (9 ) Payments for debt issuance costs (29 ) - - (29 ) Intercompany transactions 5,991 (15,644 ) 9,653 - Net cash provided/(used) by financing activities 5,938 (25,230 ) 9,653 (9,639 ) Decrease in cash and cash equivalents (30,073 ) (7 ) - (30,080 ) Cash and cash equivalents: Beginning of year 75,034 297 - 75,331 End of quarter $ 44,961 $ 290 $ - $ 45,251 Parent Guarantors Eliminations Consolidated Net cash provided by operating activities $ 25,640 $ 43,870 $ (59,553 ) $ 9,957 Investing activities: Purchases of property and equipment (11,002 ) (2,819 ) - (13,821 ) Proceeds from disposal of assets 4,607 997 - 5,604 Other, net 1,146 135 - 1,281 Net cash used by investing activities (5,249 ) (1,687 ) - (6,936 ) Financing activities: Principal payments on long-term debt (16 ) (6,250 ) - (6,266 ) Stock repurchases (55 ) - - (55 ) Payments for debt issuance costs (75 ) - - (75 ) Proceeds from exercise of stock options 197 - - 197 Excess tax benefits from share-based compensation 22 - - 22 Intercompany transactions (23,610 ) (35,943 ) 59,553 - Net cash used by financing activities (23,537 ) (42,193 ) 59,553 (6,177 ) Decrease in cash and cash equivalents (3,146 ) (10 ) - (3,156 ) Cash and cash equivalents: Beginning of year 51,012 314 - 51,326 End of quarter $ 47,866 $ 304 $ - $ 48,170

Note 1 - Basis of Presentatio33

Note 1 - Basis of Presentation - Reclassified Unamortized Debt Issuance Costs (Details)	Jun. 02, 2015USD ($)
Adjustments for New Accounting Principle, Early Adoption [Member] | Scenario, Previously Reported [Member]
Prepaid rent and other expenses	$ 13,181,000
Other assets	57,554,000
Current maturities of long-term debt, including capital leases	10,861,000
Long-term debt and capital leases, less current maturities	234,173,000
Adjustments for New Accounting Principle, Early Adoption [Member] | Scenario, Adjustment [Member]
Prepaid rent and other expenses	(783,000)
Other assets	(3,156,000)
Current maturities of long-term debt, including capital leases	(783,000)
Long-term debt and capital leases, less current maturities	(3,156,000)
Adjustments for New Accounting Principle, Early Adoption [Member]
Prepaid rent and other expenses	12,398,000
Other assets	54,398,000
Current maturities of long-term debt, including capital leases	10,078,000
Long-term debt and capital leases, less current maturities	231,017,000
Prepaid rent and other expenses	12,398,000
Other assets	54,398,000
Current maturities of long-term debt, including capital leases	10,078,000
Long-term debt and capital leases, less current maturities	$ 231,017,000

Note 1 - Basis of Presentatio34

Note 1 - Basis of Presentation - Reclassified Amortization of Instangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Dec. 02, 2014	Dec. 02, 2014
Scenario, Previously Reported [Member]
Other restaurant operating costs	$ 60,097	$ 119,896
Depreciation and amortization	12,538	25,196
Scenario, Adjustment [Member]
Other restaurant operating costs	(581)	(1,162)
Depreciation and amortization	581	1,162
Other restaurant operating costs	59,516	118,734
Depreciation and amortization	$ 13,119	$ 26,358

Note 2 - (Loss) Earnings Per Sh

Note 2 - (Loss) Earnings Per Share - Weighted-Average Common and Dilutive Potential Common Shares Outstanding (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 01, 2015	Dec. 02, 2014	Dec. 01, 2015	Dec. 02, 2014
Net loss	$ (15,799)	$ (9,273)	$ (19,993)	$ (6,708)
Weighted-average common shares outstanding (in shares)	61,455	60,534	61,400	60,476
Dilutive effect of stock options and restricted stock (in shares)
Weighted average common and dilutive potential common shares outstanding (in shares)	61,455	60,534	61,400	60,476
Basic loss per share (in dollars per share)	$ (0.26)	$ (0.15)	$ (0.33)	$ (0.11)
Diluted loss per share (in dollars per share)	$ (0.26)	$ (0.15)	$ (0.33)	$ (0.11)

Note 2 - (Loss) Earnings Per 36

Note 2 - (Loss) Earnings Per Share - Antidilutive Shares Excluded from Computation of Diluted Earnings (Loss) Per Share (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Dec. 01, 2015	Dec. 02, 2014	Dec. 01, 2015	Dec. 02, 2014
Employee Stock Option [Member]
Antidilutive Securities (in shares)	2,574	3,301	2,694	3,102
Restricted Stock [Member]
Antidilutive Securities (in shares)	964	1,468	857	1,319
Antidilutive Securities (in shares)	3,538	4,769	3,551	4,421

Note 3 - Franchise Programs (De

Note 3 - Franchise Programs (Details Textual) $ in Millions	3 Months Ended		6 Months Ended
	Dec. 01, 2015USD ($)	Dec. 02, 2014USD ($)	Dec. 01, 2015USD ($)	Dec. 02, 2014USD ($)
Ruby Tuesday [Member]
Number of Franchise Restaurants	78		78
Royalty Fee Percentage			4.00%
Operating Agreements Support Service Fee Gross Sales Contribution Maximum			2.00%
Operating Agreements Marketing and Purchase Fee Gross Sales Contribution Maximum			1.50%
Support Service and Marketing and PurchasingFees	$ 0.3	$ 0.2	$ 0.5	$ 0.7
Lime Fresh [Member]
Number of Franchise Restaurants	8		8
Royalty Fee Percentage			5.25%
Domestic [Member]
Operating Agreements National Advertising Fund Gross Sales Contribution in Hundredths			1.50%
Operating Agreements National Advertising Fund Gross Sales Contribution Maximum			3.00%

Note 4 - Accounts Receivable -

Note 4 - Accounts Receivable - Accounts Receivable, Current (Details) - USD ($) $ in Thousands	Dec. 01, 2015	Jun. 02, 2015
Rebates [Member]
Rebates receivable	$ 790	$ 943
Rebates receivable	5,628	5,287
Amounts due from franchisees	2,227	1,995
Third-party gift card sales	1,443	1,330
Other receivables	$ 1,168	$ 1,019

Note 5 - Property, Equipment,39

Note 5 - Property, Equipment, Assets Held for Sale, and Operating Leases (Details Textual)	3 Months Ended		6 Months Ended
	Dec. 01, 2015USD ($)	Dec. 02, 2014USD ($)	Dec. 01, 2015USD ($)	Dec. 02, 2014USD ($)	Jun. 02, 2015USD ($)
Lime Fresh [Member]
Number of Restuarants Sold	8
Proceeds from Sale of Property, Plant, and Equipment	$ 6,300,000
Number of Restaurants Closed	11
Lime Fresh, Improvements, Restaurant Equipment, and Other Equipment [Member]
Disposal Group, Including Discontinued Operation, Assets, Current	$ 2,000,000		$ 2,000,000
Property, Plant and Equipment, Disposals	600,000	$ 4,500,000	2,700,000	$ 4,500,000
Disposal Group, Including Discontinued Operation, Assets, Current	8,006,000		8,006,000		$ 5,453,000
Proceeds from Sale of Property, Plant, and Equipment			3,665,000	5,604,000
Gain (Loss) on Disposition of Property Plant Equipment	400,000	800,000	1,000,000	1,100,000
Proceeds from Sale of Property Plant and Equipment, Net	$ 1,000,000	$ 5,300,000	$ 3,700,000	$ 5,600,000

Note 5 - Property, Equipment,40

Note 5 - Property, Equipment, Assets Held for Sale, and Operating Leases - Property and Equipment, Net (Details) - USD ($) $ in Thousands		Dec. 01, 2015	Jun. 02, 2015
Land [Member]
Property, plant and equipment		$ 212,068	$ 212,073
Building [Member]
Property, plant and equipment		429,769	426,813
Building Improvements [Member]
Property, plant and equipment		349,787	358,549
Restaurant Equipment [Member]
Property, plant and equipment		246,705	247,775
Other Equipment [Member]
Property, plant and equipment		87,474	87,782
Other Capitalized Property Plant and Equipment [Member]
Property, plant and equipment	[1]	7,001	10,504
Construction in Progress and Other [Member]
Property, plant and equipment		2,888	4,316
Property, plant and equipment		1,335,692	1,347,812
Less accumulated depreciation		603,272	595,638
		$ 732,420	$ 752,174
[1]	Surplus properties represent assets held for sale that are not classified as such in the Condensed Consolidated Balance Sheets as we do not expect to sell these assets within the next 12 months. These assets primarily consist of parcels of land upon which we have no intention to build restaurants, closed properties which include a building, and liquor licenses not needed for operations.

Note 6 - Long-term Debt and C41

Note 6 - Long-term Debt and Capital Leases (Details Textual)	Dec. 03, 2013USD ($)	May. 14, 2012USD ($)	May. 31, 2016	Mar. 01, 2016	Sep. 01, 2015USD ($)	Dec. 01, 2015USD ($)	Dec. 02, 2014USD ($)	Jun. 02, 2015USD ($)
Senior Notes [Member]
Debt Instrument, Maturity Date								May 15, 2020
Debt Instrument, Cumulative Sinking Fund Payments								$ 0
Long-term Debt						$ 209,670,000		209,182,000
Debt Instrument, Face Amount		$ 250,000,000
Debt Instrument, Interest Rate, Stated Percentage		7.625%
Debt Instrument, Unamortized Discount		$ 3,700,000				1,981,000		$ 2,162,000
Debt Instrument, Term		8 years
Redemption Price Percentage on Principal Amount								100.00%
Debt Instrument Repurchased Amount Authorized						20,000,000
Mortgages [Member] | Minimum [Member]
Range of Loan Balances						600,000
Mortgages [Member] | Maximum [Member]
Range of Loan Balances						7,100,000
Mortgages [Member]
Long-term Debt								$ 8,300,000
Secured Debt						$ 22,000,000
Debt Instrument, Interest Rate, Effective Percentage Rate Range, Minimum						7.60%
Debt Instrument, Interest Rate, Effective Percentage Rate Range, Maximum						10.17%
Repayments of Long-term Debt					$ 8,300,000
Revolving Credit Facility [Member] | Federal Funds Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	0.50%
Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate	1.00%
Revolving Credit Facility [Member] | Eurodollar [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate	2.50%
Revolving Credit Facility [Member] | Eurodollar [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate	3.50%
Revolving Credit Facility [Member] | Base Rate [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate	1.50%
Revolving Credit Facility [Member] | Base Rate [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate	2.50%
Revolving Credit Facility [Member] | Minimum [Member]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.40%
Revolving Credit Facility [Member] | Maximum [Member]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.75%
Revolving Credit Facility [Member] | Scenario, Forecast [Member]
Line of Credit Facility, Maximum Leverage Ratio			4.4	4.5
Line of Credit Facility, Minimum Fixed Charge Coverage Ratio			1.6	1.55
Revolving Credit Facility [Member]
Long-term Line of Credit						$ 0
Debt Instrument, Term	4 years
Line of Credit Facility, Current Borrowing Capacity	$ 50,000,000
Option to Increase Revolving Credit Facility Capacity	$ 35,000,000
Credit Facility Interest Rate, Floor	0.00%
Debt Instrument, Collateral Amount, Appraised Value	$ 101,400,000
Debt Instrument, Collateral Amount						78,700,000
Line of Credit Facility, Remaining Borrowing Capacity						$ 38,300,000
Line of Credit Facility, Maximum Leverage Ratio						4.5
Line of Credit Facility, Minimum Fixed Charge Coverage Ratio						1.5
Sub-limit for Standby Letters of Credit [Member]
Line of Credit Facility, Current Borrowing Capacity	$ 25,000,000
Rent and Other Line Item [Member]
Interest Payable, Current						$ 1,000,000		1,100,000
Debt Instrument, Repurchase Amount						0
Long-term Debt						231,726,000		240,889,000
Number of Restaurants	49
Secured Debt						22,023,000		$ 31,607,000
Repayments of Long-term Debt						$ 9,601,000	$ 6,266,000
Payments of Debt Extinguishment Costs					$ 900,000
Number of Properties Released for Collateral Purposes with the Repayment of Debt					26

Note 6 - Long-term Debt and C42

Note 6 - Long-term Debt and Capital Leases - Long-Term Debt and Capital Lease Obligations (Details) - USD ($)	Dec. 01, 2015	Jun. 02, 2015
Senior Notes [Member]
Senior unsecured notes	$ 215,000,000	$ 215,000,000
Unamortized discount	(1,981,000)	(2,162,000)
Unamortized debt issuance costs	(3,349,000)	(3,656,000)
Senior unsecured notes less unamortized discount and debt issuance costs	209,670,000	209,182,000
Unamortized debt issuance costs	(160,000)	(283,000)
Senior unsecured notes less unamortized discount and debt issuance costs	231,726,000	240,889,000
Mortgage loan obligations	22,023,000	31,607,000
Unamortized premium - mortgage loan obligations	193,000	383,000
Capital lease obligations	190,000	206,000
	231,916,000	241,095,000
Current maturities of long-term debt, including capital leases	1,867,000	10,078,000
Long-term debt and capital leases, less current maturities	$ 230,049,000	$ 231,017,000

Note 7 - Closures and Impairm43

Note 7 - Closures and Impairments Expense (Details Textual) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 01, 2015USD ($)	Dec. 02, 2014USD ($)	Dec. 01, 2015USD ($)	Dec. 02, 2014USD ($)	Jun. 02, 2015USD ($)
Lime Fresh [Member]
Number of Restuarants Sold	8
Proceeds from Sale of Property, Plant, and Equipment	$ 6,300
Number of Restaurants Closed	11
Closures and Impairments Expenses	$ 7,600
Goodwill and Intangible Asset Impairment	2,000
Indefinite-Lived Trademarks	900		$ 900
Rent and Other [Member]
Operating Lease Obligation					$ 7,000
Proceeds from Sale of Property, Plant, and Equipment			3,665	$ 5,604
Closures and Impairments Expenses	10,073	$ 1,075	12,785	$ 2,557
Goodwill and Intangible Asset Impairment	1,999		1,999
Operating Lease Obligation	$ 9,881		$ 9,881		$ 7,051

Note 7 - Closures and Impairm44

Note 7 - Closures and Impairments Expense - Closures and Impairments Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 01, 2015	Dec. 02, 2014	Dec. 01, 2015	Dec. 02, 2014
Property [Member] | Continuing Operations [Member]
Closures and impairments from continuing operations:
Closure and impairment	$ 6,215	$ 1,216	$ 8,792	$ 2,272
Continuing Operations [Member] | Other Closing Expense [Member]
Closures and impairments from continuing operations:
Closure and impairment	498	395	619	628
Continuing Operations [Member]
Closures and impairments from continuing operations:
Closure and impairment	10,073	1,075	12,785	2,557
Closing expense including rent and other lease charges	3,721	295	4,325	761
Gain on sale of surplus properties	(361)	(831)	(951)	(1,104)
Closure and impairment	$ 10,073	$ 1,075	12,785	$ 2,557
Closing expense including rent and other lease charges			$ 4,325

Note 7 - Closures and Impairm45

Note 7 - Closures and Impairments Expense - Future Liabilites Associated with Closed Properties (Details) $ in Thousands	6 Months Ended
	Dec. 01, 2015USD ($)
Balance	$ 7,051
Closing expense including rent and other lease charges	4,325
Payments	(1,631)
Other adjustments	136
Balance	$ 9,881

Note 8 - Employee Post-employ46

Note 8 - Employee Post-employment Benefits (Details Textual) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 01, 2015USD ($)	Dec. 02, 2014USD ($)	Dec. 01, 2015USD ($)	Dec. 02, 2014USD ($)	Jun. 02, 2015USD ($)
Pension Plan [Member]
Defined Benefit Pension Plan Liabilities, Current	$ 3,200		$ 3,200		$ 3,200
Defined Benefit Pension Plan, Liabilities, Noncurrent	34,700		34,700		33,900
Retirement Plan [Member]
Defined Benefit Plans, Estimated Future Employer Contributions in Current Fiscal Year			100
Selling, General and Administrative Expenses [Member]
Defined Benefit Plan, Amortization of Gains (Losses)	$ (500)	$ (500)	$ (1,200)	$ (900)
Defined Benefit Pension Plans	3		3
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ (10,478)		$ (10,478)		$ (10,940)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax			1,200
Increase (Decrease) in Pension Plan Obligations			$ 700

Note 8 - Employee Post-employ47

Note 8 - Employee Post-employment Benefits - Components of Net Periodic Benefit Cost (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 01, 2015	Dec. 02, 2014	Dec. 01, 2015	Dec. 02, 2014
Pension Benefits [Member]
Service cost	$ 42	$ 75	$ 272	$ 150
Interest cost	441	444	1,040	887
Expected return on plan assets	(102)	(125)	(205)	(249)
Defined Benefit Plan, Amortization of Gains (Losses)	473	430	1,101	860
Net periodic benefit cost	854	824	2,208	1,648
Postretirement Medical and Life Benefits [Member]
Service cost	1	1	2	2
Interest cost	12	11	24	23
Defined Benefit Plan, Amortization of Gains (Losses)	33	34	65	67
Net periodic benefit cost	$ 46	$ 46	$ 91	$ 92

Note 9 - Income Taxes (Details

Note 9 - Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Dec. 01, 2015	Dec. 02, 2014	Dec. 01, 2015	Dec. 02, 2014	Jun. 02, 2015
Reasonably Possible Amounts Will Change Within Next Twelve Months [Member]
Unrecognized Tax Benefits	$ 400		$ 400
Deferred Tax Assets, Valuation Allowance	73,000		73,000		$ 62,800
Income Tax Expense (Benefit)	(180)	$ (595)	(1,203)	$ (3,229)
Immaterial Prior Period Correction				$ 3,200
Unrecognized Tax Benefits	4,800		4,800		3,900
Unrecognized Tax Benefit Reclassified Against Deferred Tax Assets			4,000		3,300
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	3,100		3,100		2,400
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	$ 500		$ 500		$ 400

Note 10 - Share-based Employe49

Note 10 - Share-based Employee Compensation (Details Textual)	3 Months Ended			6 Months Ended
	Dec. 01, 2015USD ($)shares	Sep. 01, 2015shares	Dec. 02, 2014USD ($)	Dec. 01, 2015USD ($)shares	Dec. 02, 2014USD ($)
SIP and 1996 SIP [Member] | Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period				333,000
SIP and 1996 SIP [Member] | Restricted Stock [Member]
Reversal of Share-based Compensation Expense | $				$ 1,300,000
Stock Issued During Period, Value, Restricted Stock Award, Forfeitures | $				$ 137,000
SIP and 1996 SIP [Member] | Restricted Stock Service-based [Member] | Cliff Vest [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period		3 years
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		244,000
Number Of Annual Installments		3
SIP and 1996 SIP [Member] | High-performance and Inducement Award Restricted Stock [Member] | Cliff Vest [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		262,000
SIP and 1996 SIP [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period				3 years
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term				7 years
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	6,876,000			6,876,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	1,774,000			1,774,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	5,102,000			5,102,000
Employee Stock Option [Member]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized | $	$ 500,000			$ 500,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition				1 year 73 days
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	1 year
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized | $	$ 3,900,000			$ 3,900,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition				1 year 255 days
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	100,000
Restricted Stock Service-based [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period				344,000
Selling, General and Administrative Expenses [Member]
Allocated Share-based Compensation Expense | $	$ 1,000,000		$ 2,000,000	$ 700,000	$ 3,700,000

Note 10 - Share-based Employe50

Note 10 - Share-based Employee Compensation - Summary of Stock Option Activity (Details)	6 Months Ended
	Dec. 01, 2015$ / sharesshares
Stock Options Services-Based [Member]
Balance at June 2, 2015 (in shares) | shares	2,441
Balance at June 2, 2015 (in dollars per share) | $ / shares	$ 7.78
Cancellations and forfeitures (in shares) | shares	(208)
Cancellations and forfeitures (in dollars per share) | $ / shares	$ 6.61
Expired (in shares) | shares	(96)
Expired (in dollars per share) | $ / shares	$ 9.06
Balance at December 1, 2015 (in shares) | shares	2,137
Balance at December 1, 2015 (in dollars per share) | $ / shares	$ 7.83
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term	3 years 266 days
Exercisable (in shares) | shares	1,671
Exercisable (in dollars per share) | $ / shares	$ 8.21
Exercisable	3 years 83 days
Stock Options Performance-based [Member]
Balance at June 2, 2015 (in shares) | shares	515
Balance at June 2, 2015 (in dollars per share) | $ / shares	$ 8.60
Cancellations and forfeitures (in shares) | shares	(125)
Cancellations and forfeitures (in dollars per share) | $ / shares	$ 9.34
Balance at December 1, 2015 (in shares) | shares	390
Balance at December 1, 2015 (in dollars per share) | $ / shares	$ 8.36
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term	4 years 87 days

Note 10 - Share-based Employe51

Note 10 - Share-based Employee Compensation - Summary of Restricted Stock Activity (Details) shares in Thousands	6 Months Ended
	Dec. 01, 2015$ / sharesshares
Restricted Stock Service-based [Member]
Unvested (in shares) | shares	803
Unvested (in dollars per share) | $ / shares	$ 6.98
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | shares	344
Granted (in dollars per share) | $ / shares	$ 6.45
Vested (in shares) | shares	(217)
Vested (in dollars per share) | $ / shares	$ 7.09
Forfeited (in shares) | shares	(154)
Forfeited (in dollars per share) | $ / shares	$ 7.60
Unvested (in shares) | shares	776
Unvested (in dollars per share) | $ / shares	$ 6.59
Restricted Stock Performance-based [Member]
Unvested (in shares) | shares
Unvested (in dollars per share) | $ / shares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | shares	262
Granted (in dollars per share) | $ / shares	$ 6.51
Unvested (in shares) | shares	262
Unvested (in dollars per share) | $ / shares	$ 6.51

Note 11 - Segment Reporting (De

Note 11 - Segment Reporting (Details Textual) $ in Thousands	3 Months Ended	6 Months Ended
	Dec. 01, 2015USD ($)	Dec. 01, 2015USD ($)	Dec. 02, 2014USD ($)
Lime Fresh [Member]
Number of Restuarants Sold	8
Proceeds from Sale of Property, Plant, and Equipment	$ 6,300
Number of Restaurants Closed	11
Proceeds from Sale of Property, Plant, and Equipment		$ 3,665	$ 5,604

Note 11 - Segment Reporting - F

Note 11 - Segment Reporting - Financial Results by Reportable Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 01, 2015	Dec. 02, 2014	Dec. 01, 2015	Dec. 02, 2014
Ruby Tuesday [Member]
Revenue:
Gross income	$ 256,753	$ 257,814	$ 531,000	$ 533,857
Segment profit/(loss):
Segment profit/(loss)	20,898	20,504	45,981	50,845
Depreciation and amortization:
Depreciation and amortization	12,081	12,153	23,972	24,416
Closures and impairments from continuing operations:
Closures and Impairments Expenses	$ 2,464	$ 230	5,260	882
Capital expenditures:
Capital expenditures			19,410	12,963
Lime Fresh [Member]
Revenue:
Gross income	$ 4,203	$ 4,845	9,436	9,984
Segment profit/(loss):
Segment profit/(loss)	(7,675)	(1,304)	(7,221)	(1,480)
Depreciation and amortization:
Depreciation and amortization	323	437	702	860
Closures and impairments from continuing operations:
Closures and Impairments Expenses	$ 7,609	$ 844	7,525	1,151
Capital expenditures:
Capital expenditures			236	87
Support Center and Other [Member]
Depreciation and amortization:
Depreciation and amortization	$ 532	$ 529	$ 1,068	1,082
Closures and impairments from continuing operations:
Closures and Impairments Expenses		$ 1		524
Capital expenditures:
Capital expenditures			$ 642	771
Gross income	$ 260,956	$ 262,659	540,436	543,841
Segment profit/(loss)	13,223	19,200	38,760	49,365
Depreciation and amortization	12,936	13,119	25,742	26,358
Closures and Impairments Expenses	$ 10,073	$ 1,075	12,785	2,557
Capital expenditures			$ 20,288	$ 13,821

Note 11 - Segment Reporting - A

Note 11 - Segment Reporting - Assets by Segment (Details) - USD ($) $ in Thousands	Dec. 01, 2015	Jun. 02, 2015
Ruby Tuesday [Member]
Total assets:
Total assets	$ 779,256	$ 786,931
Lime Fresh [Member]
Total assets:
Total assets	4,518	10,839
Support Center and Other [Member]
Total assets:
Total assets	100,344	127,682
Total assets	$ 884,118	$ 925,452

Note 11 - Segment Reporting - R

Note 11 - Segment Reporting - Reconciliation of Segment Profit to (Loss) Income from Continuing Operations before Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 01, 2015	Dec. 02, 2014	Dec. 01, 2015	Dec. 02, 2014
Corporate, Non-Segment [Member]
Unallocated general and administrative expenses	$ (9,147)	$ (9,823)	$ (21,044)	$ (20,785)
Segment profit/(loss)	13,223	19,200	38,760	49,365
Depreciation and amortization	(12,936)	(13,119)	(25,742)	(26,358)
Unallocated general and administrative expenses	$ (27,848)	(27,292)	$ (57,244)	(58,193)
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)/income	$ (15,979)	$ (9,868)	$ (21,196)	$ (9,937)

Note 13 - Fair Value Measurem56

Note 13 - Fair Value Measurements - Fair Values of Financial Assets and Liabilities Measured on a Recurring Basis (Details) - Fair Value, Inputs, Level 1 [Member] - USD ($) $ in Thousands	Dec. 01, 2015	Jun. 02, 2015
Deferred compensation plan: other investments – Assets	$ 7,499	$ 8,017
Deferred compensation plan: other investments – Liabilities	$ (7,499)	$ (8,017)

Note 13 - Fair Value Measurem57

Note 13 - Fair Value Measurements - Fair Values Financial Assets and Liabilities Measured on a Non-recurring Basis (Details)	Dec. 01, 2015USD ($)
Fair Value, Inputs, Level 2 [Member] | Disposal Group, Held-for-sale, Not Discontinued Operations [Member]
Assets, Fair Value Disclosure, Nonrecurring	$ 3,483
Fair Value, Inputs, Level 2 [Member] | Assets Held for Use [Member]
Assets, Fair Value Disclosure, Nonrecurring	381
Fair Value, Inputs, Level 2 [Member]
Assets, Fair Value Disclosure, Nonrecurring	4,754
Fair Value, Inputs, Level 3 [Member] | Trademarks [Member]
Assets, Fair Value Disclosure, Nonrecurring	$ 890

Note 13 - Fair Value Measurem58

Note 13 - Fair Value Measurements - Losses Recognized from Fair Value Measurements on Non-recurring Basis (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 01, 2015	Dec. 02, 2014	Dec. 01, 2015	Dec. 02, 2014
Continuing Operations [Member]
Included within continuing operations
Long-lived assets held for sale	$ 258	$ 203	$ 350	$ 802
Long-lived assets held for use	5,957	1,013	8,442	1,470
Total	8,214	$ 1,216	10,791	$ 2,272
Goodwill and Intangible Asset Impairment	$ 1,999		1,999
Total			$ 8,404	$ 3,359

Note 13 - Fair Value Measurem59

Note 13 - Fair Value Measurements - Carrying Amounts and Fair Values of Other Financial Instruments Not Measured on a Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 01, 2015	Jun. 02, 2015
Long-term Debt	$ 231,726	$ 240,889
Long-term debt (Level 2)	$ 241,250	$ 255,194

Note 14 - Supplemental Conden60

Note 14 - Supplemental Condensed Consolidating Financial Statements - Condensed Consolidating Balance Sheets (Details) - USD ($) $ in Thousands	Dec. 01, 2015	Jun. 02, 2015
Parent Company [Member]
Current assets:
Cash and cash equivalents	$ 44,962	$ 75,034
Accounts receivable	1,646	1,557
Inventories	18,310	14,581
Income tax receivable	163,698	153,146
Other current assets	18,457	15,543
Total current assets	247,073	259,861
Property and equipment, net	536,762	554,089
Deferred income taxes, net	4,231
Investment in subsidiaries	126,410	128,824
Due from/(to) subsidiaries	81,553	66,019
Other assets	42,435	44,118
Total assets	1,038,464	1,052,911
Current liabilities:
Accounts payable	10,155	18,533
Accrued and other current liabilities	42,761	42,458
Current maturities of long-term debt, including capital leases	$ (1,034)	$ (994)
Income tax payable
Deferred income taxes, net	$ 4,230	$ 2,839
Total current liabilities	56,112	62,836
Long-term debt and capital leases, less current maturities	210,894	210,382
Due to/(from) subsidiaries	221,364	215,373
Other deferred liabilities	103,272	102,602
Total liabilities	591,642	587,328
Deferred income taxes, net		(3,865)
Shareholders’ equity:
Common stock	620	621
Capital in excess of par value	84,641	83,870
Retained earnings	372,039	392,032
Accumulated Other Comprehensive Income (Loss), Net of Tax	(10,478)	(10,940)
Total shareholders’ equity	446,822	465,583
Total liabilities & shareholders’ equity	1,038,464	1,052,911
Guarantor Subsidiaries [Member]
Current assets:
Cash and cash equivalents	289	297
Accounts receivable	3,982	3,730
Inventories	$ 7,472	$ 5,830
Income tax receivable
Other current assets	$ 2,410	$ 2,308
Total current assets	14,153	12,165
Property and equipment, net	195,658	$ 198,085
Deferred income taxes, net	$ (1,870)
Investment in subsidiaries
Due from/(to) subsidiaries	$ 221,364	$ 215,373
Other assets	7,304	10,280
Total assets	436,609	435,903
Current liabilities:
Accounts payable	2,639	4,472
Accrued and other current liabilities	29,608	33,764
Current maturities of long-term debt, including capital leases	2,901	11,072
Income tax payable	161,628	154,215
Deferred income taxes, net	(1,869)	(2,832)
Total current liabilities	194,907	200,691
Long-term debt and capital leases, less current maturities	19,155	20,635
Due to/(from) subsidiaries	81,553	66,019
Other deferred liabilities	14,584	14,427
Total liabilities	$ 310,199	307,079
Deferred income taxes, net		$ 5,307
Shareholders’ equity:
Common stock
Capital in excess of par value
Retained earnings	$ 126,410	$ 128,824
Accumulated Other Comprehensive Income (Loss), Net of Tax
Total shareholders’ equity	$ 126,410	$ 128,824
Total liabilities & shareholders’ equity	$ 436,609	$ 435,903
Consolidation, Eliminations [Member]
Current assets:
Cash and cash equivalents
Accounts receivable
Inventories
Income tax receivable	$ (161,628)	$ (153,146)
Other current assets
Total current assets	$ (161,628)	$ (153,146)
Property and equipment, net
Deferred income taxes, net
Investment in subsidiaries	$ (126,410)	$ (128,824)
Due from/(to) subsidiaries	$ (302,917)	$ (281,392)
Other assets
Total assets	$ (590,955)	$ (563,362)
Current liabilities:
Accounts payable
Accrued and other current liabilities
Current maturities of long-term debt, including capital leases
Income tax payable	$ (161,628)	$ (153,146)
Deferred income taxes, net
Total current liabilities	$ (161,628)	$ (153,146)
Long-term debt and capital leases, less current maturities
Due to/(from) subsidiaries	$ (302,917)	$ (281,392)
Other deferred liabilities
Total liabilities	$ (464,545)	$ (434,538)
Deferred income taxes, net
Shareholders’ equity:
Common stock
Capital in excess of par value
Retained earnings	$ (126,410)	$ (128,824)
Accumulated Other Comprehensive Income (Loss), Net of Tax
Total shareholders’ equity	$ (126,410)	$ (128,824)
Total liabilities & shareholders’ equity	(590,955)	(563,362)
Cash and cash equivalents	45,251	75,331
Accounts receivable	5,628	5,287
Inventories	25,782	$ 20,411
Income tax receivable	2,070
Other current assets	20,867	$ 17,851
Total current assets	99,598	118,880
Property and equipment, net	732,420	$ 752,174
Deferred income taxes, net	$ 2,361
Investment in subsidiaries
Due from/(to) subsidiaries
Other assets	$ 49,739	$ 54,398
Total assets	884,118	925,452
Accounts payable	12,794	23,005
Accrued and other current liabilities	72,369	76,222
Current maturities of long-term debt, including capital leases	$ 1,867	10,078
Income tax payable		1,069
Deferred income taxes, net	$ 2,361	7
Total current liabilities	89,391	110,381
Long-term debt and capital leases, less current maturities	$ 230,049	$ 231,017
Due to/(from) subsidiaries
Other deferred liabilities	$ 117,856	$ 117,029
Total liabilities	$ 437,296	459,869
Deferred income taxes, net		1,442
Common stock	$ 620	621
Capital in excess of par value	84,641	83,870
Retained earnings	372,039	392,032
Accumulated Other Comprehensive Income (Loss), Net of Tax	(10,478)	(10,940)
Total shareholders’ equity	446,822	465,583
Total liabilities & shareholders’ equity	$ 884,118	$ 925,452

Note 14 - Supplemental Conden61

Note 14 - Supplemental Condensed Consolidating Financial Statements - Condensed Consolidated Statements of Operations and Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 01, 2015	Dec. 02, 2014	Dec. 01, 2015	Dec. 02, 2014
Parent Company [Member]
Revenue:
Restaurant sales and operating revenue	$ 187,112	$ 188,572	$ 388,528	$ 391,123
Franchise revenue	115	38	130	184
Gross income	187,227	188,610	388,658	391,307
Operating costs and expenses:
Cost of goods sold	50,775	51,718	106,003	106,248
Payroll and related costs	64,917	66,348	132,258	134,390
Other restaurant operating costs	41,024	43,417	86,226	86,749
Depreciation and amortization	9,170	9,423	18,297	18,890
Selling, general, and administrative	15,799	16,548	36,388	36,769
Intercompany selling, general, and administrative allocations	10,336	10,473	21,462	21,615
Closures and Impairments Expenses	$ 9,498	1,073	$ 12,087	2,304
Trademark impairment
Equity in earnings of subsidiaries	$ (1,265)	(4,326)	$ (13,231)	(12,107)
Interest expense, net	4,652	4,736	9,250	9,247
Intercompany interest expense/(income)	3,016	2,998	5,991	5,890
Total costs and expenses	207,922	202,408	414,731	409,995
(Loss)/income	(20,695)	(13,798)	(26,073)	(18,688)
Income Tax Expense (Benefit)	(4,896)	(4,525)	(6,080)	(11,980)
Net (loss)/income	(15,799)	(9,273)	(19,993)	(6,708)
Other comprehensive income:
Pension liability reclassification	506	464	462	927
Total comprehensive (loss)/income	(15,293)	(8,809)	(19,531)	(5,781)
Guarantor Subsidiaries [Member]
Revenue:
Restaurant sales and operating revenue	72,218	72,634	148,709	149,540
Franchise revenue	1,511	1,415	3,069	2,994
Gross income	73,729	74,049	151,778	152,534
Operating costs and expenses:
Cost of goods sold	19,530	19,928	40,543	40,545
Payroll and related costs	27,367	27,616	55,361	55,416
Other restaurant operating costs	15,361	16,099	32,366	31,985
Depreciation and amortization	3,766	3,696	7,445	7,468
Selling, general, and administrative	12,049	10,744	20,856	21,424
Intercompany selling, general, and administrative allocations	(10,336)	(10,473)	(21,462)	(21,615)
Closures and Impairments Expenses	575	$ 2	698	$ 253
Trademark impairment	$ 1,999		$ 1,999
Equity in earnings of subsidiaries
Interest expense, net	$ 453	$ 1,179	$ 1,855	$ 2,090
Intercompany interest expense/(income)	(3,016)	(2,998)	(5,991)	(5,890)
Total costs and expenses	67,748	65,793	133,670	131,676
(Loss)/income	5,981	8,256	18,108	20,858
Income Tax Expense (Benefit)	4,716	3,930	4,877	8,751
Net (loss)/income	$ 1,265	$ 4,326	$ 13,231	$ 12,107
Other comprehensive income:
Pension liability reclassification
Total comprehensive (loss)/income	$ 1,265	$ 4,326	$ 13,231	$ 12,107
Consolidation, Eliminations [Member]
Revenue:
Restaurant sales and operating revenue
Franchise revenue
Gross income
Operating costs and expenses:
Cost of goods sold
Payroll and related costs
Other restaurant operating costs
Depreciation and amortization
Selling, general, and administrative
Intercompany selling, general, and administrative allocations
Closures and Impairments Expenses
Trademark impairment
Equity in earnings of subsidiaries	$ 1,265	$ 4,326	$ 13,231	$ 12,107
Interest expense, net
Intercompany interest expense/(income)
Total costs and expenses	$ 1,265	$ 4,326	$ 13,231	$ 12,107
(Loss)/income	$ (1,265)	$ (4,326)	$ (13,231)	$ (12,107)
Income Tax Expense (Benefit)
Net (loss)/income	$ (1,265)	$ (4,326)	$ (13,231)	$ (12,107)
Other comprehensive income:
Pension liability reclassification
Total comprehensive (loss)/income	$ (1,265)	$ (4,326)	$ (13,231)	$ (12,107)
Restaurant sales and operating revenue	259,330	261,206	537,237	540,663
Franchise revenue	1,626	1,453	3,199	3,178
Gross income	260,956	262,659	540,436	543,841
Cost of goods sold	70,305	71,646	146,546	146,793
Payroll and related costs	92,284	93,964	187,619	189,806
Other restaurant operating costs	56,385	59,516	118,592	118,734
Depreciation and amortization	12,936	13,119	25,742	26,358
Selling, general, and administrative	$ 27,848	$ 27,292	$ 57,244	$ 58,193
Intercompany selling, general, and administrative allocations
Closures and Impairments Expenses	$ 10,073	$ 1,075	$ 12,785	$ 2,557
Trademark impairment	$ 1,999		$ 1,999
Equity in earnings of subsidiaries
Interest expense, net	$ 5,105	$ 5,915	$ 11,105	$ 11,337
Intercompany interest expense/(income)
Total costs and expenses	$ 276,935	$ 272,527	$ 561,632	$ 553,778
(Loss)/income	(15,979)	(9,868)	(21,196)	(9,937)
Income Tax Expense (Benefit)	(180)	(595)	(1,203)	(3,229)
Net (loss)/income	(15,799)	(9,273)	(19,993)	(6,708)
Pension liability reclassification	506	464	462	927
Total comprehensive (loss)/income	$ (15,293)	$ (8,809)	$ (19,531)	$ (5,781)

Note 14 - Supplemental Conden62

Note 14 - Supplemental Condensed Consolidating Financial Statement - Condensed Consolidating Statements of Cash Flows (Details) - USD ($) $ in Thousands	6 Months Ended
	Dec. 01, 2015	Dec. 02, 2014
Parent Company [Member]
Net cash (used)/provided by operating activities	$ (24,693)	$ 25,640
Investing activities:
Purchases of property and equipment	(15,296)	(11,002)
Proceeds from Sale of Property, Plant, and Equipment	3,665	4,607
Other, net	313	1,146
Net cash used by investing activities	(11,318)	(5,249)
Financing activities:
Principal payments on long-term debt	(15)	(16)
Stock repurchases	(9)	(55)
Payments for debt issuance costs	(29)	(75)
Intercompany transactions	5,991	(23,610)
Net cash provided/(used) by financing activities	5,938	(23,537)
Increase (Decrease) in cash and cash equivalents	(30,073)	(3,146)
Beginning of year	75,034	51,012
End of quarter	44,962	47,866
Net cash (used)/provided by operating activities	(24,693)	25,640
Proceeds from exercise of stock options		197
Excess tax benefits from share-based compensation		22
Guarantor Subsidiaries [Member]
Net cash (used)/provided by operating activities	30,215	43,870
Investing activities:
Purchases of property and equipment	$ (4,992)	(2,819)
Proceeds from Sale of Property, Plant, and Equipment		997
Other, net		135
Net cash used by investing activities	$ (4,992)	(1,687)
Financing activities:
Principal payments on long-term debt	$ (9,586)	$ (6,250)
Stock repurchases
Payments for debt issuance costs
Intercompany transactions	$ (15,644)	$ (35,943)
Net cash provided/(used) by financing activities	(25,230)	(42,193)
Increase (Decrease) in cash and cash equivalents	(7)	(10)
Beginning of year	297	314
End of quarter	289	304
Net cash (used)/provided by operating activities	30,215	$ 43,870
Proceeds from exercise of stock options
Excess tax benefits from share-based compensation
Consolidation, Eliminations [Member]
Net cash (used)/provided by operating activities	$ (9,653)	$ (59,553)
Investing activities:
Purchases of property and equipment
Proceeds from Sale of Property, Plant, and Equipment
Other, net
Net cash used by investing activities
Financing activities:
Principal payments on long-term debt
Stock repurchases
Payments for debt issuance costs
Intercompany transactions	$ 9,653	$ 59,553
Net cash provided/(used) by financing activities	$ 9,653	$ 59,553
Increase (Decrease) in cash and cash equivalents
Beginning of year
End of quarter
Net cash (used)/provided by operating activities	$ (9,653)	$ (59,553)
Proceeds from exercise of stock options
Excess tax benefits from share-based compensation
Net cash (used)/provided by operating activities	(4,131)	$ 9,957
Purchases of property and equipment	(20,288)	(13,821)
Proceeds from Sale of Property, Plant, and Equipment	3,665	5,604
Other, net	313	1,281
Net cash used by investing activities	(16,310)	(6,936)
Principal payments on long-term debt	(9,601)	(6,266)
Stock repurchases	(9)	(55)
Payments for debt issuance costs	$ (29)	$ (75)
Intercompany transactions
Net cash provided/(used) by financing activities	$ (9,639)	$ (6,177)
Increase (Decrease) in cash and cash equivalents	(30,080)	(3,156)
Beginning of year	75,331	51,326
End of quarter	45,251	48,170
Net cash (used)/provided by operating activities	$ (4,131)	9,957
Proceeds from exercise of stock options		197
Excess tax benefits from share-based compensation		$ 22