XML 24 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
May 31, 2016
Jun. 02, 2015
Jun. 03, 2014
Operating activities:      
Net loss $ (50,682) $ (3,194) $ (64,346)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization 51,358 52,391 57,347
Deferred income taxes (1,449) (3,695) 1,646
Loss on impairments, including disposition of assets 58,647 10,896 24,132
Impairment of Intangible Assets, Finite-lived 1,999 855
Gain on sales of Lime Fresh Mexican Grill assets (5,937)
(Gain) loss on extinguishment of debt (10) 1,364
Share-based compensation expense 2,094 7,112 7,579
Excess tax benefits from share-based compensation (39) (284)
Lease reserve adjustments 4,090 1,460 6,815
Deferred escalating minimum rent 2,075 2,342 2,733
Other, net 3,620 2,728 5,032
Changes in operating assets and liabilities:      
Receivables (2,334) (440) (204)
Inventories (1,184) 763 9,698
Income taxes (4,072) 3,202 (233)
Prepaid and other assets (610) (1,875) (1,392)
Accounts payable, accrued and other liabilities (17,488) (16,740) (5,367)
Net cash provided by operating activities 40,117 54,911 45,375
Investing activities:      
Purchases of property and equipment (34,427) (31,010) (28,339)
Proceeds from sale-leaseback transactions, net 5,637
Proceeds from disposal of assets 11,701 11,260 15,526
Insurance proceeds from property claims 350 145 218
Reductions in Deferred Compensation Plan assets 1,049 1,318 901
Other, net 1,572 790 (146)
Net cash used by investing activities (19,755) (17,497) (6,203)
Financing activities:      
Principal payments on long-term debt (18,243) (13,638) (40,232)
Stock repurchases (10,077) (73) (579)
Payments for debt issuance costs (32) (293) (1,802)
Proceeds from exercise of stock options 556 1,576
Excess tax benefits from share-based compensation 39 284
Net cash used by financing activities (28,352) (13,409) (40,753)
(Decrease)/increase in cash and cash equivalents (7,990) 24,005 (1,581)
Cash and cash equivalents:      
Beginning of fiscal year 75,331 51,326 52,907
End of fiscal year 67,341 75,331 51,326
Supplemental disclosure of cash flow information:      
Interest, net of amount capitalized 19,790 20,804 22,638
Income taxes, net 3,368 543 727
Significant non-cash investing and financing activities:      
Retirement of fully depreciated assets 30,576 23,842 44,775
Reclassification of properties to assets held for sale 6,817 7,218 9,982
Monetization of, and subsequent reinvestment into, life insurance policies 5,642 6,851 7,972
Sale of Lime Fresh Mexican Grill assets 5,289
Changes in property and equipment included in accounts payable $ 539 $ 1,443