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Fair Value of Financial Instruments (Tables) | 12 Months Ended
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May. 30, 2015
Fair Value Disclosures [Abstract] |
Schedule of Fair Value by Balance Sheet Grouping | he carrying value and fair value of the company's long-term debt, including current maturities, is as follows for the periods indicated:
(In millions) |  | May 30, 2015 |  | May 31, 2014
Carrying value |  | $ | 290.0 |  |  | $ | 250.0 |
Fair value |  | $ | 315.1 |  |  | $ | 279.2 |
Schedule of Fair Value Assets and Liabilities Measured on a Recurring and Nonrecurring Basis | The following tables set forth financial assets and liabilities measured at fair value in the Consolidated Balance Sheets and the respective pricing levels to which the fair value measurements are classified within the fair value hierarchy as of May 30, 2015 and May 31, 2014:
(In millions) | Fair Value Measurements
| May 30, 2015 |  | May 31, 2014
Financial Assets | Quoted Prices With Other Observable Inputs (Level 2) |  | Quoted Prices With Other Observable Inputs (Level 2)
Available-for-sale marketable securities: |  |  |
Asset-backed securities | $ | 0.2 |  |  | $ | 0.4 |
Corporate debt securities | 0.6 |  |  | 1.2 |
Government obligations | 0.5 |  |  | 7.9 |
Mortgage-backed securities | 4.4 |  |  | 1.6 |
Foreign currency forward contracts | 0.7 |  |  | 0.2 |
Deferred compensation plan | 7.9 |  |  | 6.3 |
Total | $ | 14.3 |  |  | $ | 17.6 |
Financial Liabilities |  |  |
Foreign currency forward contracts | $ | 0.2 |  |  | $ | 0.1 |
Total | $ | 0.2 |  |  | $ | 0.1 |
Schedule of Unrealized Gain (Loss) on Investments | The following is a summary of the carrying and market values of the company's marketable securities as of the dates indicated:
|  | May 30, 2015
(In millions) |  | Cost |  | Unrealized Gain |  | Unrealized Loss |  | Market Value
Asset-backed securities |  | $ | 0.2 |  |  | $ | — |  |  | $ | — |  |  | $ | 0.2 |
Corporate debt securities |  | 0.6 |  |  | — |  |  | — |  |  | 0.6 |
Government obligations |  | 0.5 |  |  | — |  |  | — |  |  | 0.5 |
Mortgage-backed securities |  | 4.4 |  |  | — |  |  | — |  |  | 4.4 |
Total |  | $ | 5.7 |  |  | $ | — |  |  | $ | — |  |  | $ | 5.7 |
|  | May 31, 2014
(In millions) |  | Cost |  | Unrealized Gain |  | Unrealized Loss |  | Market Value |
Asset-backed securities |  | $ | 0.4 |  |  | $ | — |  |  | $ | — |  |  | $ | 0.4 |
Corporate debt securities |  | 1.2 |  |  | — |  |  | — |  |  | 1.2 |
Government obligations |  | 7.9 |  |  | — |  |  | — |  |  | 7.9 |
Mortgage-backed securities |  | 1.6 |  |  | — |  |  | — |  |  | 1.6 |
Total |  | $ | 11.1 |  |  | $ | — |  |  | $ | — |  |  | $ | 11.1 |
Schedule of Debt Securities Maturities | Maturities of debt securities included in marketable securities as of May 30, 2015, are as follows:
(In millions) |  | Cost |  | Market Value
Due within one year |  | $ | 3.1 |  |  | $ | 3.1 |
Due after one year through five years |  | 2.5 |  |  | 2.5 |
Due after five years |  | 0.1 |  |  | 0.1 |
Total |  | $ | 5.7 |  |  | $ | 5.7 |

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- Definition Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19279-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a,b,bb) -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2C -URI http://asc.fasb.org/extlink&oid=36462937&loc=SL7498348-110258 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19190-110258 + Details
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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13476-108611 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13467-108611 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13433-108611 + Details
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