Note 4 - Accounts Receivable

9 Months Ended

Mar. 01, 2016

Notes to Financial Statements

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

NOTE 4 –

ACCOUNTS RECEIVABLE

Accounts receivable consist of the following (in thousands):

	March 1, 2016		June 2, 2015
Rebates receivable	$	831	$	943
Amounts due from franchisees		2,681		1,995
Third-party gift card sales		987		1,330
Other receivables		1,367		1,019
	$	5,866	$	5,287

We negotiate purchase arrangements, including price terms, with designated and approved suppliers on behalf of us and our franchise system. We receive various volume discounts and rebates based on purchases for our Company-owned restaurants from numerous suppliers.

Amounts due from franchisees consist of royalties, license and other miscellaneous fees, a substantial portion of which represents current and recently-invoiced billings.