Business Segment Information

12 Months Ended

May 31, 2012

Business Segment Information

10. Business Segment Information

The Company evaluates performance and allocates resources based on the operating income (loss) of each segment. The accounting policies of the reportable segments are the same as those described in the summary of significant accounting policies.

Following is a summary of business segment information for fiscal 2010 through 2012:

	Theatres		Hotels/ Resorts		Corporate Items			Total
	(in thousands)
Fiscal 2012
Revenues	$	227,914	$	185,177	$	807		$	413,898
Operating income (loss)		47,065		12,706		(13,256	)		46,515
Depreciation and amortization		18,189		15,837		499			34,525
Assets at May 31, 2012		395,602		301,207		36,202			733,011
Capital expenditures and acquisitions		26,209		11,455		353			38,017
Fiscal 2011
Revenues	$	207,349	$	168,727	$	928		$	377,004
Operating income (loss)		37,300		6,753		(10,556	)		33,497
Depreciation and amortization		17,066		15,921		536			33,523
Assets at May 26, 2011		351,936		299,418		43,092			694,446
Capital expenditures and acquisitions		15,885		9,205		96			25,186
Fiscal 2010
Revenues	$	224,102	$	153,935	$	1,032		$	379,069
Operating income (loss)		44,741		1,438		(9,976	)		36,203
Depreciation and amortization		16,701		15,042		569			32,312
Assets at May 27, 2010		352,138		306,510		45,763			704,411
Capital expenditures and acquisitions		9,431		15,622		29			25,082

Corporate items include amounts not allocable to the business segments. Corporate revenues consist principally of rent and the corporate operating loss includes general corporate expenses. Corporate information technology costs and accounting shared services costs are allocated to the business segments based upon several factors, including actual usage and segment revenues. Corporate assets primarily include cash and cash equivalents, investments, notes receivable and land held for development.