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Shareholders' Equity and Stock-Based Compensation (Tables)

12 Months Ended

May 29, 2014

Stockholders Equity And Share Based Compensation Abstract [Abstract]

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The Company estimated the fair value of stock options using the Black-Scholes option pricing model with the following assumptions used for awards granted during fiscal 2014, 2013 and 2012:

		Year Ended May 29, 2014		Year Ended May 30, 2013		Year Ended May 31, 2012
Risk-free interest rate		1.04 – 2.38%		0.48 – 1.33%		0.96 – 2.69%
Dividend yield		2.7%		2.8%		2.9%
Volatility		41 – 49%		49 – 62%		48 – 63%
Expected life		4 – 9 years		4 – 9 years		4 – 9 years

Schedule of Share-based Compensation, Stock Options, Activity

A summary of the Company’s stock option activity and related information follows:

		May 29, 2014						May 30, 2013						May 31, 2012
					Weighted-						Weighted-						Weighted-
					Average						Average						Average
					Exercise						Exercise						Exercise
		Options			Price			Options			Price			Options			Price
		(options in thousands)
Outstanding at beginning of year			1,949		$	14.03			2,006		$	13.91			1,873		$	14.31
Granted			291			13.16			306			13.12			328			10.00
Exercised			(437)			12.81			(202)			10.82			(121)			10.61
Forfeited			(237)			14.16			(161)			14.48			(74)			11.98
Outstanding at end of year			1,566		$	14.06			1,949		$	14.03			2,006		$	13.91
Exercisable at end of year			909		$	15.29			1,113		$	15.47			1,122		$	15.13
Weighted-average fair value of options granted during year					$	4.52					$	5.20					$	3.96

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range

Additional information related to these options segregated by exercise price range is as follows:

		Exercise Price Range
		$8.52 to $12.71			$12.72 to $17.73			$17.74 to $23.37
		(options in thousands)
Options outstanding			369			970			227
Weighted-average exercise price of options outstanding		$	10.88		$	13.90		$	20.13
Weighted-average remaining contractual life of options outstanding			6.6			5.9			2.5
Options exercisable			172			510			227
Weighted-average exercise price of options exercisable		$	11.11		$	14.55		$	20.13

Schedule of Nonvested Share Activity

A summary of the Company’s non-vested stock activity and related information follows:

		May 29, 2014						May 30, 2013						May 31, 2012
		Shares			Weighted- Average Fair Value			Shares			Weighted- Average Fair Value			Shares			Weighted- Average Fair Value
		(shares in thousands)
Outstanding at beginning of year			97		$	12.92			86		$	12.37			94		$	14.55
Granted			37			14.14			28			13.65			24			10.98
Vested			(25)			12.01			(17)			11.36			(32)			17.57
Forfeited			(11)			12.93			–			–			–			–
Outstanding at end of year			98		$	13.61			97		$	12.92			86		$	12.37

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Tabular disclosure of the changes in outstanding nonvested shares.

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Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

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Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year.

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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