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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
May. 28, 2015
May. 29, 2014
May. 30, 2013
Operating activities      
Net earnings $ 23,642 $ 20,899 $ 23,331
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Extinguishment of debt 0 0 (6,008)
Losses on investments in joint ventures 186 250 450
Distributions from joint ventures 166 120 120
Loss on disposition of property, equipment and other assets 1,463 993 266
Impairment charge 2,919 0 1,512
Amortization of loss on swap agreement 0 0 99
Amortization of favorable lease right 334 334 334
Depreciation and amortization 38,810 33,845 33,827
Stock compensation expense 1,499 1,781 1,772
Deferred income taxes 5,614 (451) (1,146)
Deferred compensation and other 3,531 850 (44)
Contribution of the Company’s stock to savings and profit-sharing plan 888 782 834
Changes in operating assets and liabilities:      
Accounts and notes receivable (5,627) (877) (42)
Other current assets (845) 836 1,014
Accounts payable 2,355 748 5,733
Income taxes (925) (2,544) 2,876
Taxes other than income taxes 766 333 890
Accrued compensation 2,440 1,974 (1,158)
Other accrued liabilities 3,236 6,567 (1,458)
Total adjustments 56,810 45,541 39,871
Net cash provided by operating activities 80,452 66,440 63,202
Investing activities      
Capital expenditures (74,988) (56,673) (22,635)
Purchase of hotel 0 0 (856)
Proceeds from disposals of property, equipment and other assets 226 1,926 4,662
Increase in restricted cash (728) (137) (1,513)
Increase in other assets (786) (1,227) (1,674)
Capital contribution in joint venture (399) (1,366) 0
Purchase of interest in joint venture (1,500) 0 (444)
Cash advanced to joint ventures 0 (231) (101)
Net cash used in investing activities (78,175) (57,708) (22,561)
Financing activities      
Proceeds from issuance of long-term debt 162,500 145,200 262,600
Principal payments on long-term debt (155,676) (147,386) (240,013)
Debt issuance costs 0 (316) (1,527)
Equity transactions:      
Treasury stock transactions, except for stock options (773) (3,886) (24,131)
Exercise of stock options 2,964 5,605 2,182
Dividends paid (10,390) (9,203) (35,614)
Distributions to noncontrolling interest (959) (2,124) 0
Net cash used in financing activities (2,334) (12,110) (36,503)
Net increase (decrease) in cash and cash equivalents (57) (3,378) 4,138
Cash and cash equivalents at beginning of year 6,780 10,158 6,020
Cash and cash equivalents at end of year 6,723 6,780 10,158
Supplemental Information:      
Change in accounts payable for additions to property and equipment $ 3,467 $ 4,876 $ 652