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Consolidated Balance Sheet (USD $)
Mar. 06, 2012
May 31, 2011
ASSETS    
Cash and equivalents $ 5,182,844 $ 2,449,448
Trade and other accounts receivable 2,099,160 1,997,428
Inventories 6,812,510 5,717,264
Prepaid expenses, sundry deposits and property held for sale 1,315,263 1,482,344
Prepaid and deferred income taxes 2,796,182 3,213,527
Total current assets 18,205,959 14,860,011
Property and Equipment    
Land and improvements 75,565,474 81,402,037
Buildings 101,496,595 104,968,167
Equipment and fixtures 100,622,906 101,385,187
Leasehold improvements and buildings on leased land 25,899,453 24,731,195
Capitalized leases 2,554,870 2,554,870
Construction in progress 1,449,228 6,532,591
Property, plant and equipment, gross, total 307,588,526 321,574,047
Less accumulated depreciation and amortization 148,405,092 148,651,557
Net property and equipment 159,183,434 172,922,490
Other Assets    
Goodwill 740,644 740,644
Other intangible assets 380,112 495,725
Investments in land 3,384,421 923,435
Property held for sale 8,234,084 2,921,818
Other long term assets 2,509,196 2,409,612
Total other assets 15,248,457 7,491,234
Total assets 192,637,850 195,273,735
LIABILITIES AND SHAREHOLDERS' EQUITY    
Long-term debt 7,279,788 7,753,562
Obligations under capitalized leases 185,683 266,358
Self insurance 1,003,871 778,181
Accounts payable 11,132,894 10,216,467
Accrued expenses 9,797,820 10,083,229
Income taxes 39,903 1,862
Total current liabilities 29,439,959 29,099,659
Long-Term Obligations    
Long-term debt 17,626,966 22,572,677
Obligations under capitalized leases 1,561,106 1,677,230
Self insurance 1,385,396 1,127,615
Deferred income taxes 1,654,031 1,966,819
Underfunded pension obligation 8,992,561 8,912,781
Deferred compensation and other 4,590,184 4,389,062
Total long-term obligations 35,810,244 40,646,184
Commitments      
Shareholders' Equity    
Preferred stock - authorized, 3,000,000 shares without par value; none issued      
Common stock - authorized, 12,000,000 shares without par value; issued, 7,586,764 and 7,586,764 shares - stated value - $1 7,586,764 7,586,764
Additional contributed capital 65,813,360 65,535,634
Preferred stock, common stock, including additional paid in capital, total, value 73,400,124 73,122,398
Accumulated other comprehensive loss (5,205,749) (5,726,555)
Retained earnings 97,258,038 96,249,483
Retained earnings and accumulated other comprehensive income 92,052,289 90,522,928
Less cost of treasury stock (2,648,899 and 2,666,956 shares) 38,064,766 38,117,434
Total shareholders' equity 127,387,647 125,527,892
Total liabilities and shareholders' equity $ 192,637,850 $ 195,273,735