Condensed Financial Statements [Text Block] | 13. As discussed in Note 6 None The following condensed consolidating financial information, which has been prepared in accordance with the requirements for presentation of Rule 3 10 X Condensed Consolidating Balance Sheet As of June 6, 2017 (In thousands) Parent Guarantors Eliminations Consolidated Assets Current assets: Cash and cash equivalents $ 41,584 $ 130 $ – $ 41,714 Restricted cash 6,445 – – 6,445 Accounts and other receivables 1,913 5,402 – 7,315 Inventories 12,447 4,731 – 17,178 Income tax receivable 175,535 – (172,474 ) 3,061 Other current assets 15,969 7,355 – 23,324 Total current assets 253,893 17,618 (172,474 ) 99,037 Property and equipment, net 446,211 136,886 – 583,097 Investment in subsidiaries 51,214 – (51,214 ) – Due from/(to) subsidiaries 94,281 213,066 (307,347 ) – Other assets 37,454 4,054 – 41,508 Total assets $ 883,053 $ 371,624 $ (531,035 ) $ 723,642 Liabilities & Shareholders ’ Equity Current liabilities: Accounts payable $ 14,333 $ 3,237 $ – $ 17,570 Accrued and other current liabilities 47,796 33,340 – 81,136 Current maturities of long-term debt, including capital leases (1,157 ) 1,525 – 368 Income tax payable – 172,474 (172,474 ) – Total current liabilities 60,972 210,576 (172,474 ) 99,074 Long-term debt and capital leases, less current maturities 210,243 3,098 – 213,341 Due to/(from) subsidiaries 213,066 94,281 (307,347 ) – Other deferred liabilities 91,406 12,455 – 103,861 Total liabilities 575,687 320,410 (479,821 ) 416,276 Shareholders ’ equity: Common stock 607 – – 607 Capital in excess of par value 79,531 – – 79,531 Retained earnings 235,210 51,214 (51,214 ) 235,210 Accumulated other comprehensive loss (7,982 ) – – (7,982 ) Total shareholders ’ equity 307,366 51,214 (51,214 ) 307,366 Total liabilities & shareholders ’ equity $ 883,053 $ 371,624 $ (531,035 ) $ 723,642 Condensed Consolidating Balance Sheet As of May 31, 2016 (In thousands) Parent Guarantors Eliminations Consolidated Assets Current assets: Cash and cash equivalents $ 66,831 $ 133 $ – $ 66,964 Restricted cash 377 – – 377 Accounts and other receivables 8,102 4,725 – 12,827 Inventories 15,401 6,194 – 21,595 Income tax receivable 167,065 – (164,062 ) 3,003 Other current assets 11,282 4,868 – 16,150 Total current assets 269,058 15,920 (164,062 ) 120,916 Property and equipment, net 501,482 169,768 – 671,250 Investment in subsidiaries 98,929 – (98,929 ) – Due from/(to) subsidiaries 76,208 213,816 (290,024 ) – Other assets 40,626 5,125 – 45,751 Total assets $ 986,303 $ 404,629 $ (553,015 ) $ 837,917 Liabilities & Shareholders' Equity Current liabilities: Accounts payable $ 17,405 $ 4,736 $ – $ 22,141 Accrued and other current liabilities 35,674 29,957 – 65,631 Current maturities of long-term debt, including capital leases (1,067 ) 11,001 – 9,934 Income tax payable – 164,062 (164,062 ) – Total current liabilities 52,012 209,756 (164,062 ) 97,706 Long-term debt and capital leases, less current maturities 209,058 4,745 – 213,803 Due to/(from) subsidiaries 213,816 76,208 (290,024 ) – Other deferred liabilities 103,637 14,991 – 118,628 Total liabilities 578,523 305,700 (454,086 ) 430,137 Shareholders' equity: Common stock 601 – – 601 Capital in excess of par value 75,938 – – 75,938 Retained earnings 341,350 98,929 (98,929 ) 341,350 Accumulated other comprehensive loss (10,109 ) – – (10,109 ) Total shareholders' equity 407,780 98,929 (98,929 ) 407,780 Total liabilities & shareholders' equity $ 986,303 $ 404,629 $ (553,015 ) $ 837,917 Condensed Consolidating Statement of Operations and Comprehensive (Loss)/Income For the Fiscal Year Ended June 6, 2017 (In thousands) Parent Guarantors Eliminations Consolidated Revenue: Restaurant sales and operating revenue $ 694,398 $ 254,005 $ – $ 948,403 Franchise revenue 10 3,558 – 3,568 Total revenue 694,408 257,563 – 951,971 Operating costs and expenses: Cost of goods sold 196,515 72,107 – 268,622 Payroll and related costs 242,041 96,877 – 338,918 Other restaurant operating costs 146,391 52,305 – 198,696 Depreciation and amortization 30,673 11,106 – 41,779 General and administrative expenses 37,929 29,080 – 67,009 Marketing expenses, net 40,264 13,876 – 54,140 Intercompany general and administrative allocations 38,558 (38,558 ) – – Closures and impairments, net 47,191 22,617 – 69,808 Equity in earnings of subsidiaries (628 ) – 628 – Interest expense, net 19,973 882 – 20,855 Intercompany interest expense/(income) 12,050 (12,050 ) – – Total operating costs and expenses 810,957 248,242 628 1,059,827 (Loss)/income before income taxes (116,549 ) 9,321 (628 ) (107,856 ) (Benefit)/provision for income taxes (10,409 ) 8,693 – (1,716 ) Net (loss)/income $ (106,140 ) $ 628 $ (628 ) $ (106,140 ) Other comprehensive income: Pension liability reclassification 2,127 – – 2,127 Total comprehensive (loss)/income $ (104,013 ) $ 628 $ (628 ) $ (104,013 ) Condensed Consolidating Statement of Operations and Comprehensive (Loss)/Income For the Fiscal Year Ended May 31, 2016 (In thousands) Parent Guarantors Eliminations Consolidated Revenue: Restaurant sales and operating revenue $ 785,147 $ 299,887 $ – $ 1,085,034 Franchise revenue 245 5,949 – 6,194 Total revenue 785,392 305,836 – 1,091,228 Operating costs and expenses: Cost of goods sold 216,121 82,408 – 298,529 Payroll and related costs 263,499 111,062 – 374,561 Other restaurant operating costs 167,051 62,467 – 229,518 Depreciation and amortization 36,387 14,971 – 51,358 General and administrative expenses 32,264 25,927 – 58,191 Marketing expenses, net 37,748 13,688 – 51,436 Intercompany general and administrative allocations 42,870 (42,870 ) – – Closures and impairments, net 40,683 23,997 – 64,680 Equity in earnings of subsidiaries (15,212 ) – 15,212 – Gain on sales of Lime Fresh Mexican Grill assets (5,937 ) – – (5,937 ) Interest expense, net 18,329 3,425 – 21,754 Intercompany interest expense/(income) 12,143 (12,143 ) – – Total operating costs and expenses 845,946 282,932 15,212 1,144,090 (Loss)/income before income taxes (60,554 ) 22,904 (15,212 ) (52,862 ) (Benefit)/provision for income taxes (9,872 ) 7,692 – (2,180 ) Net (loss)/income $ (50,682 ) $ 15,212 $ (15,212 ) $ (50,682 ) Other comprehensive income: Pension liability reclassification 831 – – 831 Total comprehensive (loss)/income $ (49,851 ) $ 15,212 $ (15,212 ) $ (49,851 ) Condensed Consolidating Statement of Operations and Comprehensive (Loss)/Income For the Fiscal Year Ended June 2, 2015 (In thousands) Parent Guarantors Eliminations Consolidated Revenue: Restaurant sales and operating revenue $ 809,171 $ 310,971 $ – $ 1,120,142 Franchise revenue 238 6,186 – 6,424 Total revenue 809,409 317,157 – 1,126,566 Operating costs and expenses: Cost of goods sold 220,537 84,769 – 305,306 Payroll and related costs 270,535 112,726 – 383,261 Other restaurant operating costs 175,819 66,290 – 242,109 Depreciation and amortization 37,466 14,925 – 52,391 General and administrative expenses 39,261 26,646 – 65,907 Marketing expenses, net 36,157 13,263 – 49,420 Intercompany general and administrative allocations 44,768 (44,768 ) – – Closures and impairments, net 7,914 2,628 – 10,542 Equity in earnings of subsidiaries (28,148 ) – 28,148 – Interest expense, net 18,489 4,246 – 22,735 Intercompany interest expense/(income) 12,009 (12,009 ) – – Total operating costs and expenses 834,807 268,716 28,148 1,131,671 (Loss)/income before income taxes (25,398 ) 48,441 (28,148 ) (5,105 ) (Benefit)/provision for income taxes (22,204 ) 20,293 – (1,911 ) Net (loss)/income $ (3,194 ) $ 28,148 $ (28,148 ) $ (3,194 ) Other comprehensive loss: Pension liability reclassification, net of tax (40 ) – – (40 ) Total comprehensive (loss)/income $ (3,234 ) $ 28,148 $ (28,148 ) $ (3,234 ) Condensed Consolidating Statement of Cash Flows For the Fiscal Year Ended June 6, 2017 (In thousands) Parent Guarantors Eliminations Consolidated Net cash (used in) provided by operating activities $ (18,767 ) $ 48,926 $ (49,093 ) $ (18,934 ) Investing activities: Purchases of property and equipment (26,065 ) (7,444 ) – (33,509 ) Proceeds from disposal of assets 17,051 17,749 – 34,800 Insurance proceeds from property claims 462 202 – 664 Reductions in deferred compensation plan assets 1,890 – – 1,890 Other, net 2,842 – – 2,842 Net cash (used in) provided by investing activities (3,820 ) 10,507 – 6,687 Financing activities: Principal payments on long-term debt 7 (11,093 ) – (11,086 ) Stock repurchases (26 ) – – (26 ) Payments for debt issuance costs (1,891 ) – – (1,891 ) Dividends paid – (48,343 ) 48,343 – Net transactions with related entities (750 ) – 750 – Net cash used in financing activities (2,660 ) (59,436 ) 49,093 (13,003 ) Decrease in cash and cash equivalents (25,247 ) (3 ) – (25,250 ) Cash and cash equivalents: Beginning of fiscal year 66,831 133 – 66,964 End of fiscal year $ 41,584 $ 130 $ – $ 41,714 Condensed Consolidating Statement of Cash Flows For the Fiscal Year Ended May 31, 2016 (In thousands) Parent Guarantors Eliminations Consolidated Net cash (used in) provided by operating activities $ 15,384 $ 71,061 $ (46,665 ) $ 39,780 Investing activities: Purchases of property and equipment (24,174 ) (10,253 ) – (34,427 ) Proceeds from disposal of assets 11,701 – – 11,701 Insurance proceeds from property claims 350 – – 350 Reductions in deferred compensation plan assets 1,049 – – 1,049 Other, net 1,572 – – 1,572 Net cash used in investing activities (9,502 ) (10,253 ) – (19,755 ) Financing activities: Principal payments on long-term debt (2,379 ) (15,864 ) – (18,243 ) Stock repurchases (10,077 ) – – (10,077 ) Payments for debt issuance costs (32 ) – – (32 ) Dividends paid – (45,108 ) 45,108 – Net transactions with related entities (1,557 ) – 1,557 – Net cash (used in) provided by financing activities (14,045 ) (60,972 ) 46,665 (28,352 ) Decrease in cash and cash equivalents (8,163 ) (164 ) – (8,327 ) Cash and cash equivalents: Beginning of fiscal year 74,994 297 – 75,291 End of fiscal year $ 66,831 $ 133 $ – $ 66,964 Condensed Consolidating Statement of Cash Flows For the Fiscal Year Ended June 2, 2015 (In thousands) Parent Guarantors Eliminations Consolidated Net cash provided by (used in) operating activities $ 63,219 $ 77,717 $ (85,882 ) $ 55,054 Investing activities: Purchases of property and equipment (23,326 ) (7,684 ) – (31,010 ) Proceeds from disposal of assets 10,213 1,047 – 11,260 Insurance proceeds from property claims 10 135 – 145 Reductions in deferred compensation plan assets 1,318 – – 1,318 Other, net 790 – – 790 Net cash used in investing activities (10,995 ) (6,502 ) – (17,497 ) Financing activities: Principal payments on long-term debt 4 (13,642 ) – (13,638 ) Stock repurchases (73 ) – – (73 ) Payments for debt issuance costs (293 ) – – (293 ) Proceeds from exercise of stock options 556 – – 556 Excess tax benefits from share-based compensation 39 – – 39 Dividends paid – (57,590 ) 57,590 – Net transactions with related entities (28,292 ) – 28,292 – Net cash (used in) provided by financing activities (28,059 ) (71,232 ) 85,882 (13,409 ) Increase/(decrease) in cash and cash equivalents 24,165 (17 ) – 24,148 Cash and cash equivalents: Beginning of fiscal year 50,829 314 – 51,143 End of fiscal year $ 74,994 $ 297 $ – $ 75,291 |