XML 19 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Nov. 29, 2012
Nov. 24, 2011
OPERATING ACTIVITIES:    
Net earnings $ 15,403 $ 15,301
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Losses on loans to and investments in joint ventures 23 37
Distribution from joint venture 120 21
(Gain) loss on disposition of property, equipment and other assets (26) 179
Impairment charge 417 0
Amortization of loss on swap agreement 57 56
Amortization of favorable lease right 167 167
Depreciation and amortization 16,899 17,830
Stock compensation expense 947 1,224
Deferred income taxes (2,022) 133
Deferred compensation and other (1,127) (85)
Changes in operating assets and liabilities:    
Accounts and notes receivable (1,314) (2,325)
Other current assets (292) 3,969
Accounts payable 3,159 (3,409)
Income taxes 4,764 4,830
Taxes other than income taxes 1,641 2,196
Accrued compensation (2,426) (1,186)
Other accrued liabilities (1) (3,485)
Total adjustments 20,986 20,152
Net cash provided by operating activities 36,389 35,453
INVESTING ACTIVITIES:    
Capital expenditures (10,538) (17,365)
Proceeds from disposals of property, equipment and other assets 57 3,907
Increase in restricted cash (1,607) (465)
Increase in other assets (667) (1,024)
Purchase of interest in joint venture (444) 0
Cash advanced to joint venture (30) (55)
Net cash used in investing activities (13,229) (15,002)
Debt transactions:    
Proceeds from issuance of notes payable and long-term debt 74,000 52,000
Principal payments on notes payable and long-term debt (70,407) (61,357)
Equity transactions:    
Treasury stock transactions, except for stock options (19,248) (4,751)
Exercise of stock options 892 415
Dividends paid (4,688) (4,878)
Net cash used in financing activities (19,451) (18,571)
Net increase in cash and cash equivalents 3,709 1,880
Cash and cash equivalents at beginning of period 6,020 3,580
Cash and cash equivalents at end of period 9,729 5,460
Supplemental Information:    
Interest paid, net of amounts capitalized 4,172 4,604
Income taxes paid $ 8,123 $ 7,238