XML 31 R28.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Note 11 - Debt (Tables) | 3 Months Ended
--- | ---
Aug. 26, 2012
Schedule of Debt [Table Text Block] |
|  | August 26, 2012 |  |  | May 27, 2012 |
Real estate loan agreement with General Electric Capital Corporation (“GE Capital”); due in monthly principal and interest payments of $133,060 through May 1, 2022 with interest based on a fixed rate of 4.02% per annum |  | $ | 17,738 |  |  | $ | 17,957 |
Real estate bridge loan agreement with GE Capital; due in monthly principal and interest payments of $8,902 with a lump sum final principal payment due on May 1, 2013 with interest based on a fixed rate of 4.02% per annum |  |  | 1,185 |  |  |  | 1,200 |
Capital equipment loan with GE Capital; due in monthly principal and interest payments of $175,356 through May 1, 2019 with interest based on a fixed rate of 4.39% per annum |  |  | 12,275 |  |  |  | 12,660 |
Term note with BMO Harris; due in monthly payments of $250,000 through May 23, 2016 with interest payable monthly at LIBOR plus 2% per annum |  |  | 11,250 |  |  |  | 12,000 |
Industrial revenue bonds (“IRBs”) issued by Lifecore; due in annual payments through 2020 with interest at a variable rate set weekly by the bond remarketing agent (0.33% and 0.42% at August 26, 2012 and May 27, 2012, respectively) |  |  | 3,500 |  |  |  | 3,500 |
Total |  |  | 45,948 |  |  |  | 47,317 |
Less current portion |  |  | (7,012 | ) |  |  | (7,012 | )
Long-term portion |  | $ | 38,936 |  |  | $ | 40,305 |

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration