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ACQUISITION OF CHUY’S (Tables) | 12 Months Ended
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May 25, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] |
Schedule of Preliminary Allocation of the Purchase Price | The allocation of the purchase price as of fiscal year ended May 25, 2025 is as follows:
|  | Balances at |  | Adjustments since acquisition |  | Balances at
(in millions) |  | October 11, 2024 |  |  | May 25, 2025
Cash and cash equivalents |  | $ | 35.4 |  |  | $ | — |  |  | $ | 35.4 |
Other current assets |  | 10.9 |  |  | (0.4) |  |  | 10.5 |
Land, buildings and equipment |  | 204.3 |  |  | (7.0) |  |  | 197.3 |
Operating lease right-of-use assets |  | 337.7 |  |  | (5.8) |  |  | 331.9 |
Trademark |  | 198.4 |  |  | — |  |  | 198.4 |
Other assets |  | 6.1 |  |  | — |  |  | 6.1 |
Goodwill |  | 262.9 |  |  | 5.5 |  |  | 268.4 |
Total assets acquired |  | $ | 1,055.7 |  |  | $ | (7.7) |  |  | $ | 1,048.0 |
Current liabilities |  | 35.2 |  |  | (0.8) |  |  | 34.4 |
Deferred income taxes |  | 43.0 |  |  | (0.1) |  |  | 42.9 |
Operating lease liabilities - non-current |  | 328.4 |  |  | (6.8) |  |  | 321.6 |
Total liabilities assumed |  | $ | 406.6 |  |  | $ | (7.7) |  |  | $ | 398.9 |
Net assets acquired |  | $ | 649.1 |  |  | $ | — |  |  | $ | 649.1 |

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- Definition Tabular disclosure of asset acquired and liability assumed in business combination and recognized at acquisition date. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
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