Note M - Segment Reporting

3 Months Ended

Sep. 03, 2013

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

NOTE M – SEGMENT REPORTING

Our President and Chief Executive Officer, who is our chief operating decision maker, with the assistance of our senior management, reviews discrete financial information for both the Ruby Tuesday and Lime Fresh restaurant concepts to assess performance and allocate resources. We consider the Ruby Tuesday and Lime Fresh concepts to be our reportable segments as we do not believe they have similar economic and other characteristics to be aggregated into a single reportable segment. Financial results by reportable segment for the 13 weeks ended September 3, 2013 and September 4, 2012 are as follows (in thousands):

	Thirteen weeks ended
	September 3, 2013			September 4, 2012
Revenues:
Ruby Tuesday concept	$	284,022		$	323,827
Lime Fresh concept		5,652			4,096
Total revenues	$	289,674		$	327,923
Segment profit:
Ruby Tuesday concept	$	9,851		$	29,547
Lime Fresh concept		(2,454	)		(319	)
Total segment profit	$	7,397		$	29,228
Depreciation and amortization:
Ruby Tuesday concept	$	13,792		$	14,759
Lime Fresh concept		499			519
Support center and other		583			572
Total depreciation and amortization	$	14,874		$	15,850
Capital expenditures:
Ruby Tuesday concept	$	8,242		$	3,635
Lime Fresh concept		2,366			1,316
Support center and other		551			1,409
Total capital expenditures	$	11,159		$	6,360

Total assets by reportable segment as of September 3, 2013 and June 4, 2013 are as follows (in thousands):

	September 3, 2013		June 4, 2013
Total assets:
Ruby Tuesday concept	$	872,646	$	893,750
Lime Fresh concept		20,637		18,943
Support center and other		113,806		130,490
Total assets	$	1,007,089	$	1,043,183

The following is a reconciliation of segment profit to (loss)/income from continuing operations before taxes for the 13 weeks ended September 3, 2013 and September 4, 2012 (in thousands):

	Thirteen weeks ended
	September 3, 2013			September 4, 2012
Segment profit	$	7,397		$	29,228
Less:
Depreciation and amortization		(14,874	)		(15,850	)
Unallocated general and administrative expenses		(11,897	)		(5,020	)
Preopening expenses		(354	)		(195	)
Interest expense, net		(6,753	)		(6,790	)
Other expense, net		(571	)		(254	)
(Loss)/income from continuing operations before income taxes	$	(27,052	)	$	1,119