Note 4 - Accounts and Other Receivables

12 Months Ended

May 31, 2016

Notes to Financial Statements

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

4

.

Accounts

and Other

Receivable

s

Accounts

and other receivables consist of the following (in thousands):

	201 6		201 5
Rebates receivable	$	1,001	$	943
Amounts due from franchisees		3,013		1,995
Third-party gift card sales		1,272		1,330
Receivables from sales of Lime Fresh Mexican Grill assets		5,289		–
Other receivables		2,252		1,019
	$	12,827	$	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 portion of which represents current and recently-invoiced billings.

On May 31, 2016,

we entered into agreements with two separate buyers to sell various Lime Fresh assets. The $5.3 million of receivables from sales of Lime Fresh assets in the table above consists of $5.0 million due from the buyer of our Lime Fresh restaurants, which was collected on the first day of fiscal year 2017, and $0.3 million due from the buyer of the Lime Fresh brand. See Note 3 to the Consolidated Financial Statements for further information on these transactions.

As of May 31, 2016 and June 2, 2015, other receivables consisted primarily of amounts due from our distributor

, receiavbles from online ordering, sales and other miscellaneous tax refunds, and other receivables.