Accounting Policies Accounting Policies (Tables)

4 Months Ended

Sep. 18, 2012

Accounting Policies [Abstract]

Schedule of impairment of long-lived assets

Impairment of long-lived assets, recorded as observable inputs (Level 2 under the fair value hierarchy), are summarized below for the 16 weeks ended September 18, 2012:

	Fair Value Measurements Using
	(in thousands)
	Level 1		Level 2		Level 3		Gains (Losses)
Two former Frisch's Big Boy restaurants	$	—	$	1,622	$	—	$	70

The impairments of long lived assets were recorded as significant unobservable inputs (level 3 under the fair value hierarchy), which are summarized below (also see Impairment of Long-Lived Assets along with Real Estate Held for Sale in NOTE A —ACCOUNTING POLICIES):

	Fair Value Measurements Using
	(in thousands)
First Quarter Fiscal 2012	Level 1		Level 2		Level 3		Gains (Losses)
Six former Golden Corral restaurants	$	—	$	—	$	6,909	$	(4,000	)

Additional non-cash pretax impairment charges of $388,000 were subsequently recorded during Fiscal Year 2012: a) $94,000 in the third quarter ended March 6, 2012 based on a contract that was accepted for less than the original estimate of fair value and b) $294,000 in the fourth quarter to reflect revised opinions of value from real estate brokers.

Schedule of goodwill and other intangible assets

An analysis of Goodwill and Other Intangible Assets follows:

	September 18, 2012		May 29, 2012
	(in thousands)
Goodwill	$	741	$	741
Other intangible assets not subject to amortization	22		22
Other intangible assets subject to amortization - net	14		14
Total goodwill and other intangible assets	$	777	$	777