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Fair Value of Financial Instruments (Tables) | 12 Months Ended
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May 28, 2016
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 28, 2016 |  | May 30, 2015
Carrying value |  | $ | 221.9 |  |  | $ | 289.8 |
Fair value |  | $ | 241.7 |  |  | $ | 315.1 |
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 28, 2016 and May 30, 2015:
(In millions) | Fair Value Measurements
| May 28, 2016 |  | May 30, 2015
Financial Assets | Quoted Prices With Other Observable Inputs (Level 2) | Management Estimates (Level 3) |  | Quoted Prices With Other Observable Inputs (Level 2) | Management Estimates (Level 3)
Available-for-sale securities: |  |  |  |  |
Mutual funds - fixed income | $ | 6.4 |  | $ | — |  |  | $ | — |  | $ | — |
Mutual funds - equity | 0.7 |  | — |  |  | — |  | — |
Government obligations | 0.4 |  | — |  |  | 4.4 |  | — |
Corporate debt securities | — |  | — |  |  | 0.6 |  | — |
Asset-backed securities | — |  | — |  |  | 0.2 |  | — |
Mortgage-backed securities | — |  | — |  |  | 0.5 |  | — |
Foreign currency forward contracts | 0.5 |  | — |  |  | 0.7 |  | — |
Deferred compensation plan | 7.9 |  | — |  |  | 7.9 |  | — |
Total | $ | 15.9 |  | $ | — |  |  | $ | 14.3 |  | $ | — |
Financial Liabilities |  |  |  |  |
Foreign currency forward contracts | $ | 0.8 |  | $ | — |  |  | $ | 0.2 |  | $ | — |
Contingent consideration | — |  | 2.7 |  |  | — |  | 2.6 |
Total | $ | 0.8 |  | $ | 2.7 |  |  | $ | 0.2 |  | $ | 2.6 |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation | The table below presents a reconciliation for liabilities measured at fair value using significant unobservable inputs (Level 3) (in millions):
(In millions) |  |  |  |
Contingent Consideration |  | May 28, 2016 |  | May 30, 2015
Beginning balance |  | $ | 2.6 |  |  | $ | 3.7 |
Net realized losses |  | — |  |  | 1.1 |
Foreign currency translation adjustments |  | (0.1 | ) |  | (0.4 | )
Settlements |  | (2.5 | ) |  | (1.8 | )
Purchases or additions |  | 2.7 |  |  | — |
Ending balance |  | $ | 2.7 |  |  | $ | 2.6 |
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 28, 2016
(In millions) |  | Cost |  | Unrealized Gain |  | Unrealized Loss |  | Market Value
Mutual funds - fixed income |  | $ | 6.4 |  |  | $ | — |  |  | $ | — |  |  | $ | 6.4 |
Mutual funds - equity |  | 0.7 |  |  | — |  |  | — |  |  | 0.7 |
Government obligations |  | 0.4 |  |  | — |  |  | — |  |  | 0.4 |
Total |  | $ | 7.5 |  |  | $ | — |  |  | $ | — |  |  | $ | 7.5 |
|  | 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 |  | 4.4 |  |  | — |  |  | — |  |  | 4.4 |
Mortgage-backed securities |  | 0.5 |  |  | — |  |  | — |  |  | 0.5 |
Total |  | $ | 5.7 |  |  | $ | — |  |  | $ | — |  |  | $ | 5.7 |
Schedule of Debt Securities Maturities | Maturities of debt securities included in marketable securities as of May 28, 2016, are as follows:
(In millions) |  | Cost |  | Market Value
Due within one year |  | $ | 0.4 |  |  | $ | 0.4 |
Total |  | $ | 0.4 |  |  | $ | 0.4 |

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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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- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + 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 (c) -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 + Details
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