Property, Equipment, Assets Held for Sale, Operating Leases, and Sale-Leaseback Transactions 10-K (Tables)

6 Months Ended

12 Months Ended

Dec. 04, 2012

Jun. 05, 2012

PROPERTY, EQUIPMENT, ASSETS HELD FOR SALE, OPERATING LEASES, AND SALE-LEASEBACK TRANSACTIONS [Abstract]

Schedule of property, plant and equipment, net

Property and equipment, net, is comprised of the following (in thousands):

	December 4, 2012		June 5, 2012
Land	$	235,522	$	244,498
Buildings		468,474		494,537
Improvements		408,436		421,143
Restaurant equipment		255,228		276,576
Other equipment		90,916		95,400
Construction in progress and other*		28,906		26,473
		1,487,482		1,558,627
Less accumulated depreciation		576,584		592,022
	$	910,898	$	966,605

* Included in Construction in progress and other as of December 4, 2012 and June 5, 2012 are $19.1 million and $21.8 million, respectively, of assets held for sale that are not classified as such in the Condensed Consolidated Balance Sheets as we do not expect to sell these assets within the next 12 months. These assets primarily consist of parcels of land upon which we have no intention to build restaurants.

Property and equipment, net, is comprised of the following (in thousands):

	2012		2011
Land	$	244,498	$	256,761
Buildings		494,537		512,177
Improvements		421,143		427,169
Restaurant equipment		276,576		279,319
Other equipment		95,400		93,944
Construction in progress and other*		26,473		28,077
		1,558,627		1,597,447
Less accumulated depreciation		592,022		566,296
	$	966,605	$	1,031,151

Schedule by year of future minimum lease and sub-lease payments required under operating leases and noncancelable sub-lease agreements

The following is a schedule by year of future minimum lease payments required under operating leases that have initial or remaining noncancelable lease terms in excess of one year as of June 5, 2012 (in thousands):

2013	$	45,873
2014		42,255
2015		38,239
2016		33,822
2017		30,328
Subsequent years		170,096
Total minimum lease payments	$	360,613

The following schedule shows the future minimum sub-lease payments contractually due from franchisees and others for the next five years and thereafter under noncancelable sub-lease agreements (in thousands):

	Franchisees		Others		Total
2013	$	357	$	143	$	500
2014		201		125		326
2015		117		125		242
2016		93		73		166
2017		93		-		93
Subsequent years		172		-		172
Total minimum sub-lease payments	$	1,033	$	466	$	1,499

Minimum and contingent rent expense and sublease rental income under operating leases

The following table summarizes our minimum and contingent rent expense and our sublease rental income under our operating leases (in thousands):

	2012			2011			2010
Minimum rent	$	48,420		$	43,841		$	43,474
Contingent rent		822			741			424
		49,242			44,582			43,898
Sublease rental income		(416	)		(1,217	)		(3,218	)
	$	48,826		$	43,365		$	40,680