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Consolidated Balance Sheet (USD $)
May 29, 2012
May 31, 2011
Current Assets    
Cash and equivalents $ 45,962,546 $ 2,315,948
Restricted cash 3,492,803   
Trade and other receivables 1,683,123 1,997,428
Inventories 5,589,553 4,939,553
Prepaid expenses, sundry deposits and other 708,440 1,320,589
Prepaid and deferred income taxes 2,300,995 3,051,932
Current assets of discontinued operations 190,120 1,234,561
Total current assets 59,927,580 14,860,011
Property and Equipment    
Land and improvements 44,473,068 43,915,661
Buildings 72,218,910 71,649,561
Equipment and fixtures 77,935,903 76,055,297
Leasehold improvements and buildings on leased land 16,609,854 16,186,623
Capitalized leases 2,311,565 2,554,870
Construction in progress 1,414,514 5,430,223
Property, plant and equipment, gross, total 214,963,814 215,792,235
Less accumulated depreciation and amortization 112,825,024 109,135,065
Net property and equipment of continuing operations 102,138,790 106,657,170
Property and equipment assets of discontinued operations    66,265,320
Net property and equipment 102,138,790 172,922,490
Other Assets    
Goodwill and other intangible assets 777,420 791,658
Investments in land 3,390,886 923,435
Property held for sale 8,093,084 2,921,818
Deferred income taxes 3,149,367 753,021
Other 2,491,654 2,409,612
Other assets of discontinued operations    444,711
Total other assets 17,902,411 8,244,255
Total assets 179,968,781 196,026,756
Current Liabilities    
Long-term debt due within one year 6,592,637 7,753,562
Obligations under capitalized leases due within one year 162,683 266,358
Self insurance due within one year 972,915 778,181
Accounts payable 6,293,007 10,034,831
Accrued expenses 7,341,718 8,779,455
Income taxes 128,490 1,862
Current liabilities of discontinued operations 683,336 1,485,410
Total current liabilities 22,174,786 29,099,659
Long-Term Obligations    
Long-term debt 14,445,869 22,572,677
Obligations under capitalized leases 1,526,244 1,677,230
Self insurance 1,268,667 1,127,615
Underfunded pension obligation 14,785,312 8,912,781
Deferred compensation and other 4,043,068 3,741,793
Long term obligations of discontinued operations    3,367,109
Total long-term obligations 36,069,160 41,399,205
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 65,909,780 65,535,634
Preferred stock, common stock, including additional paid in capital, total, value 73,496,544 73,122,398
Accumulated other comprehensive loss (9,006,202) (5,726,555)
Retained earnings 95,289,648 96,249,483
Retained earnings and accumulated other comprehensive income 86,283,446 90,522,928
Less cost of treasury stock (2,648,158 and 2,666,956 shares) 38,055,155 38,117,434
Total shareholders' equity 121,724,835 125,527,892
Total liabilities and shareholders' equity $ 179,968,781 $ 196,026,756