XML 19 R5.htm IDEA: XBRL DOCUMENT v3.3.1.900
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Mar. 01, 2016
Mar. 03, 2015
Operating activities:    
Net loss $ (23,079) $ (7,477)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 38,474 39,319
Deferred income taxes (832) (2,736)
Loss on impairments, including disposition of assets 15,490 $ 6,755
Trademark impairment 1,999
Gain on extinguishment of debt (10)
Share-based compensation expense $ 1,680 $ 5,380
Excess tax benefits from share-based compensation (37)
Lease reserve adjustments $ 3,118 1,141
Deferred escalating minimum rent 1,630 1,764
Other, net 3,135 1,600
Changes in operating assets and liabilities:    
Receivables (579) (3)
Inventories (2,176) (1,770)
Income taxes (4,027) (233)
Prepaid and other assets 677 (1,419)
Accounts payable, accrued and other liabilities (16,961) (14,857)
Net cash provided by operating activities 18,539 27,427
Investing activities:    
Purchases of property and equipment (27,346) (21,134)
Proceeds from disposal of assets $ 6,193 8,696
Insurance proceeds from property claims 145
Reductions in Deferred Compensation Plan assets $ 833 1,243
Other, net 1,611 790
Net cash used by investing activities (18,709) (10,260)
Financing activities:    
Principal payments on long-term debt and capital leases (12,664) (7,412)
Stock repurchases (10,009) (73)
Payments for debt issuance costs $ (30) (281)
Proceeds from exercise of stock options 457
Excess tax benefits from share-based compensation 37
Net cash used by financing activities $ (22,703) (7,272)
(Decrease)/increase in cash and cash equivalents (22,873) 9,895
Cash and cash equivalents:    
Beginning of year 75,331 51,326
End of quarter 52,458 61,221
Supplemental disclosure of cash flow information:    
Interest, net of amount capitalized 10,666 11,173
Income taxes, net of refunds 3,178 1,721
Significant non-cash investing and financing activities:    
Retirement of fully depreciated assets 22,393 17,510
Reclassification of properties to assets held for sale 3,387 5,572
Monetization of, and subsequent reinvestment into, life insurance policies $ 5,642 $ 6,851