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Note 10 - Stockholders' Equity
 9 Months Ended
Mar. 01, 2015
Notes to Financial Statements  
Stockholders' Equity Note Disclosure [Text Block]
10.
Stockholders’ Equity
 
During the three months ended March 1, 2015, the Company granted options to purchase 90,000 shares of common stock and awarded 30
,000 restricted stock units
.
During the nine months ended March 1, 2015, the Company granted options to purchase 120
,000 shares of common stock and awarded 73,752 restricted stock units
.
 
As of March 1, 2015 the Company has reserved 3.0 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 authorizing 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 and nine months ended March 1, 2015, the Company did not purchase any shares on the open market.
 
Consolidated Statements of Changes in Stockholders
’
Equity
(in thousands, except share amounts):
 
Common Stock Shares
 
 
 
 
Balance at May 25, 2014
     26,815,253  
Stock options exercised, net of shares tendered
     53,429  
Vested restricted stock units, net of shares tendered
     29,496  
Balance at March 1, 2015
     26,898,178  
         
Common Stock
 
 
 
 
Balance at May 25, 2014
   $ 27  
Stock options exercised, net of shares tendered
     —  
Vested restricted stock units, net of shares tendered
     —  
Balance at March 1, 2015
   $ 27  
         
Additional Paid-in Capital
 
 
 
 
Balance at May 25, 2014
   $ 131,488  
Stock options exercised, net of shares tendered
     122  
Vested restricted stock units, net of shares tendered
     —  
Taxes paid by Company for stock swaps and restricted stock units
     (12 )
Stock-based compensation expense
     1,139  
Tax benefit from stock based compensation
     211  
Balance at March 1, 2015
   $ 132,948  
         
Retained Earnings
 
 
 
 
Balance at May 25, 2014
   $ 71,554  
Net income
     9,348  
Balance at March 1, 2015
   $ 80,902  
         
Non
-
controlling Interest
 
 
 
 
Balance at May 25, 2014
   $ 1,692  
Non-controlling interest in net income
     126  
Distributions to non-controlling interest
     (196 )
Balance at March 1, 2015
   $ 1,622