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Note 13 - Stockholders' Equity
 9 Months Ended
Feb. 26, 2012
Notes To Financial Statements  
Stockholders' Equity Note Disclosure [Text Block]
  13.         Stockholders’ Equity

During the three months ended February 26, 2012, the Company granted no options to purchase shares of common stock and no restricted stock unit awards.  During the nine months ended February 26, 2012, the Company granted options to purchase 7,500 shares of common stock and 2,500 of restricted stock unit awards.
 
As of February 26, 2012 the Company has reserved 3.3 million shares of Common Stock for future issuance under its current and former equity plans.
 
On July 14, 2010, the Company announced that the Board of Directors of the Company had approved the establishment of a stock repurchase plan which allows for the repurchase of up to $10 million of the Company’s Common Stock.   The Company may repurchase its common stock from time to time in open market purchases or in privately negotiated transactions.  The timing and actual number of shares repurchased is at the discretion of management of the Company and will depend on a variety of factors, including stock price, corporate and regulatory requirements, market conditions, the relative attractiveness of other capital deployment opportunities and other corporate priorities.  The stock repurchase program does not obligate Landec to acquire any amount of its common stock and the program may be modified, suspended or terminated at any time at the Company's discretion without prior notice.  During the three months ended February 26, 2012, the Company purchased on the open market 37,184 shares of its Common Stock for $201,000.  During the nine months ended February 26, 2012, the Company purchased on the open market 917,244 shares of its Common Stock for $5.0 million.

Consolidated Statements of Changes in Stockholders’ Equity
(in thousands, except share amounts)
   
February 26,
2012
 
Common Stock Shares
     
Balance at May 29, 2011
    26,405,799  
Stock options exercised, net of shares tendered
    55,467  
Vested restricted stock units, net of shares tendered
    —  
Common stock repurchased on the open market
    (917,244 )
Balance at February 26, 2012
    25,544,022  
         
Common Stock
       
Balance at May 29, 2011
  $ 27  
Common stock repurchased on the open market
    (1 )
Balance at February 26, 2012
  $ 26  
         
Additional Paid-in Capital
       
Balance at May 29, 2011
  $ 119,169  
Stock options exercised, net of shares tendered
    91  
Vested restricted stock units, net of shares tendered
    —  
Taxes paid by Company for RSUs vested
    (38 )
Stock-based compensation expense
    1,314  
Tax-benefit from stock based compensation expense
    5,511  
Common stock repurchased on the open market
    (5,006 )
Balance at February 26, 2012
  $ 121,041  
 

 
Accumulated Other Comprehensive Loss        
Balance at May 29, 2011
  $ (267 )
Change in other comprehensive loss
    65  
Balance at February 26, 2012
  $ (202 )
         
Retained Earnings
       
Balance at May 29, 2011
  $ 17,126  
Net income
    9,917  
Balance at February 26, 2012
  $ 27,043  
         
Non controlling Interest
       
Balance at May 29, 2011
  $ 1,671  
Non controlling interest in net income
    288  
Distributions to non controlling interest
    (257 )
Balance at February 26, 2012
  $ 1,702