Note 9 - Income Taxes (Tables)

12 Months Ended

May 31, 2016

Notes Tables

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	201 6			20 15			20 14
Current:
Federal	$	(1,138	)	$	1,714		$	(5,047	)
State		289			(48	)		(1,586	)
Foreign		118			118			322
		(731	)		1,784			(6,311	)
Deferred:
Federal		(1,449	)		(3,254	)		2,346
State		–			(441	)		(700	)
		(1,449	)		(3,695	)		1,646
Benefit for income taxes from
continuing operations		(2,180	)		(1,911	)		(4,665	)
Benefit for income taxes from
discontinued operations		–			–			(106	)
Total benefit for income taxes	$	(2,180	)	$	(1,911	)	$	(4,771	)

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	20 1 6			201 5
Deferred tax assets:
General business credits carryforward	$	70,424		$	53,955
Employee benefits		22,420			25,343
Deferred escalating minimum rents		20,803			20,536
State net operating losses		9,807			7,821
Insurance reserves		5,896			6,062
Goodwill		5,033			10,813
Deferred gain on sale-leaseback transactions		4,728			5,148
Closed restaurant lease reserves		2,520			2,798
Other		7,761			7,656
Gross deferred tax assets		149,392			140,132
Deferred tax asset valuation allowances		(89,933	)		(62,799	)
Net deferred tax assets		59,459			77,333
Deferred tax liabilities:
Depreciable property and equipment		(48,367	)		(64,204	)
Other		(11,092	)		(14,578	)
Total deferred tax liabilities		(59,459	)		(78,782	)
Net deferred tax liability	$	–		$	(1,449	)
Reported in Consolidated Balance Sheets as:
Deferred income taxes – current liability	$	–		$	(7	)
Deferred income taxes – noncurrent liability		–			(1,442	)
	$	–		$	(1,449	)

Summary of Valuation Allowance [Table Text Block]

	201 6			201 5			201 4
Beginning of fiscal year	$	(62,799	)	$	(54,582	)	$	(24,566	)
Changes in estimated realization of deferred tax assets:
Continuing operations		(28,192	)		(9,138	)		(31,187	)
Discontinued operations		–			–			288
Other reductions		1,058			921			883
End of fiscal year	$	(89,933	)	$	(62,799	)	$	(54,582	)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	201 6			201 5			201 4
Statutory federal income taxes	$	(18,502	)	$	(1,787	)	$	(24,351	)
State income taxes, net of federal income tax benefit		(2,926	)		(711	)		(3,564	)
FICA tip credit		(7,071	)		(7,280	)		(7,533	)
Work opportunity tax credit		(1,389	)		(1,899	)		(1,233	)
Increase in valuation allowance		28,192			9,138			31,187
Permanent differences		319			528			2,243
Other, net		(803	)		100			(1,414	)
Total benefit for income taxes	$	(2,180	)	$	(1,911	)	$	(4,665	)

Summary of Income Tax Contingencies [Table Text Block]

	20 1 6			20 15
Beginning of fiscal year	$	3,870		$	6,965
Additions for tax positions related to the current year		725			428
Reductions for tax positions related to the current year		(113	)		–
Additions for tax positions of prior years		868			114
Reductions for tax positions of prior years		(150	)		(2,690	)
Reductions for settlements with taxing authorities		–			(295	)
Reductions due to statute settlements		(652	)		(652	)
End of fiscal year	$	4,548		$	3,870