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Commitments and License Rights
 12 Months Ended
May 29, 2014
Commitments and Contingencies Disclosure [Abstract]  
Commitments License Rights and Contingencies
9. Commitments and License Rights
 
Lease Commitments – The Company leases real estate under various noncancellable operating leases with an initial term greater than one year that contain multiple renewal options, exercisable at the Company’s option. The Company recognizes rent expense on a straight-line basis over the expected lease term, including cancelable option periods where failure to exercise such options would result in an economic penalty. Percentage rentals are based on the revenues at the specific rented property. Rent expense charged to operations under these leases was as follows:
 
 
 
Year Ended
 
 
 
May 29, 2014
 
May 30, 2013
 
May 31, 2012
 
 
 
(in thousands)
 
Fixed minimum rentals
 
$
7,995
 
$
8,024
 
$
7,843
 
Amortization of favorable lease right
 
 
334
 
 
334
 
 
334
 
Percentage rentals
 
 
193
 
 
60
 
 
70
 
 
 
$
8,522
 
$
8,418
 
$
8,247
 
 
Aggregate minimum rental commitments under long-term operating leases, assuming the exercise of certain lease options, are as follows at May 29, 2014:
 
Fiscal Year
 
(in thousands)
 
2015
 
$
7,468
 
2016
 
 
7,333
 
2017
 
 
7,263
 
2018
 
 
7,426
 
2019
 
 
7,555
 
Thereafter
 
 
85,909
 
 
 
$
122,954
 
 
Commitments – The Company has commitments for the completion of construction at various properties totaling approximately $14,097,000 at May 29, 2014.
 
License Rights – The Company has license rights to operate three hotels using the Hilton trademark, one hotel using the Four Points by Sheraton trademark, one hotel using the InterContinental trademark and one hotel using the Marriott trademark. Under the terms of the licenses, the Company is obligated to pay fees based on defined gross sales.