Note M - Segment Reporting

9 Months Ended

Mar. 03, 2015

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 and 39 weeks ended March 3, 2015 and March 4, 2014 are as follows (in thousands):

	Thirteen weeks ended				Thirty-nine weeks ended
	March 3, 2015		March 4, 2014		March 3, 2015			March 4, 2014
Revenues:
Ruby Tuesday concept	$	281,118	$	290,752	$	814,975		$	845,514
Lime Fresh concept		4,795		4,800		14,779			15,921
Total revenues	$	285,913	$	295,552	$	829,754		$	861,435
Segment profit/(loss):
Ruby Tuesday concept	$	28,307	$	24,139	$	79,152		$	34,860
Lime Fresh concept		133		1		(1,347	)		(4,236	)
Total segment profit	$	28,440	$	24,140	$	77,805		$	30,624
Depreciation and amortization:
Ruby Tuesday concept	$	12,010	$	12,840	$	36,426		$	40,088
Lime Fresh concept		419		473		1,279			1,517
Support center and other		532		599		1,614			1,779
Total depreciation and amortization	$	12,961	$	13,912	$	39,319		$	43,384
Capital expenditures:
Ruby Tuesday concept					$	19,917		$	18,744
Lime Fresh concept						145			2,793
Support center and other						1,072			1,020
Total capital expenditures					$	21,134		$	22,557

Total assets by reportable segment as of March 3, 2015 and June 3, 2014 are as follows (in thousands):

	March 3, 2015		June 3, 2014
Total assets:
Ruby Tuesday concept	$	796,421	$	824,293
Lime Fresh concept		12,921		15,203
Support center and other		120,545		116,931
Total assets	$	929,887	$	956,427

The following is a reconciliation of segment profit to loss from continuing operations before taxes for the 13 and 39 weeks ended March 3, 2015 and March 4, 2014 (in thousands):

	Thirteen weeks ended						Thirty-nine weeks ended
	March 3, 2015			March 4, 2014			March 3, 2015			March 4, 2014
Segment profit	$	28,440		$	24,140		$	77,805		$	30,624
Less:
Depreciation and amortization		(12,961	)		(13,912	)		(39,319	)		(43,384	)
Unallocated general and administrative expenses		(10,777	)		(11,551	)		(31,562	)		(37,208	)
Preopening expenses		(50	)		-			(253	)		(395	)
Trademark impairment		-			(855	)		-			(855	)
Interest expense, net		(5,446	)		(5,967	)		(16,783	)		(19,340	)
Other expense, net		(87	)		(55	)		(706	)		(1,341	)
Loss from continuing operations before income taxes	$	(881	)	$	(8,200	)	$	(10,818	)	$	(71,899	)