XML 35 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Aug. 29, 2013
Aug. 30, 2012
OPERATING ACTIVITIES:    
Net earnings $ 12,846 $ 10,679
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Losses on investments in joint ventures 83 40
Distribution from joint venture 0 94
Gain on disposition of property, equipment and other assets (17) (22)
Amortization of loss on swap agreement 0 28
Amortization of favorable lease right 83 83
Depreciation and amortization 8,327 8,313
Stock compensation expense 386 574
Deferred income taxes (345) (634)
Deferred compensation and other 499 (1,369)
Changes in operating assets and liabilities:    
Accounts and notes receivable (3,140) (2,076)
Other current assets (333) (939)
Accounts payable (3,914) (3,013)
Income taxes 8,478 7,280
Taxes other than income taxes (362) (350)
Accrued compensation (3,101) (5,208)
Other accrued liabilities 2,240 1,641
Total adjustments 8,884 4,442
Net cash provided by operating activities 21,730 15,121
INVESTING ACTIVITIES:    
Capital expenditures (8,724) (5,292)
Proceeds from disposals of property, equipment and other assets 115 27
Decrease (increase) in restricted cash 1,004 (283)
Decrease (increase) in other assets 24 (59)
Contribution to joint venture (343) 0
Net cash used in investing activities (7,924) (5,607)
Debt transactions:    
Proceeds from issuance of long-term debt 64,500 32,000
Principal payments on long-term debt (72,388) (37,176)
Debt issuance costs (276) 0
Equity transactions:    
Treasury stock transactions, except for stock options (554) (1,217)
Exercise of stock options 261 892
Dividends paid (2,233) (2,393)
Distributions to noncontrolling interest (1,060) 0
Net cash used in financing activities (11,750) (7,894)
Net increase in cash and cash equivalents 2,056 1,620
Cash and cash equivalents at beginning of period 10,158 6,020
Cash and cash equivalents at end of period 12,214 7,640
Supplemental Information:    
Interest paid, net of amounts capitalized 1,119 845
Income taxes paid $ 822 $ 932