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Consolidated Balance Sheet (USD $)
Sep. 18, 2012
May 29, 2012
Current Assets    
Cash and equivalents $ 1,173,735 $ 45,962,546
Restricted cash 0 3,492,803
Trade and other accounts receivables 1,403,931 1,683,123
Inventories 6,020,447 5,589,553
Prepaid expenses, sundry deposits and property held for sale 2,864,698 708,440
Prepaid and deferred income taxes 1,275,437 2,300,995
Current assets of discontinued operations 137,100 190,120
Total current assets 12,875,348 59,927,580
Property and Equipment    
Land and improvements 45,154,076 44,473,068
Buildings 74,019,054 72,218,910
Equipment and fixtures 78,964,377 77,935,903
Leasehold improvements and buildings on leased land 16,631,132 16,609,854
Capitalized leases 2,501,334 2,311,565
Construction in progress 575,843 1,414,514
Property, plant and equipment, gross, total 217,845,816 214,963,814
Less accumulated depreciation and amortization 115,595,034 112,825,024
Net property and equipment 102,250,782 102,138,790
Other Assets    
Goodwill and other intangible assets 776,713 777,420
Investments in land 3,168,564 3,390,886
Property held for sale 5,799,899 8,093,084
Deferred income taxes 3,839,638 3,149,367
Other long term assets 2,607,327 2,491,654
Total other assets 16,192,141 17,902,411
Total assets 131,318,271 179,968,781
Long-term obligations due within one year    
Long-term debt 5,932,506 6,592,637
Obligations under capitalized leases 169,383 162,683
Self insurance 757,173 972,915
Accounts payable 7,480,669 6,293,007
Accrued expenses 7,548,187 7,341,718
Income taxes 0 128,490
Current liabilities of discontinued operations 277,973 683,336
Total current liabilities 22,165,891 22,174,786
Long-Term Obligations    
Long-term debt 12,706,765 14,445,869
Obligations under capitalized leases 1,659,706 1,526,244
Self insurance 1,457,862 1,268,667
Underfunded pension obligation 14,734,708 14,785,312
Deferred compensation and other 4,019,657 4,043,068
Total long-term obligations 34,578,698 36,069,160
Commitments      
Shareholders’ Equity    
Preferred stock - authorized, 3,000,000 shares without par value; none issued 0 0
Common stock - authorized, 12,000,000 shares without par value; issued 7,586,764 and 7,586,764 shares - stated value - $1.00 7,586,764 7,586,764
Additional contributed capital 69,268,780 65,909,780
Preferred stock, common stock, including additional paid in capital, total, value 76,855,544 73,496,544
Accumulated other comprehensive loss (8,659,961) (9,006,202)
Retained earnings 46,528,862 95,289,648
Retained earnings and accumulated other comprehensive income 37,868,901 86,283,446
Less cost of treasury stock (2,538,053 and 2,648,158 shares) 40,150,763 38,055,155
Total shareholders' equity 74,573,682 121,724,835
Total liabilities and shareholders' equity $ 131,318,271 $ 179,968,781