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Note 9 - Stockholders' Equity
 3 Months Ended
Aug. 30, 2015
Notes to Financial Statements  
Stockholders' Equity Note Disclosure [Text Block]
9.
Stockholders’ Equity
 
During the three months ended August 30, 2015, the Company granted options to purchase 60,000 shares of common stock and awarded 20,000 restricted stock units.
 
As of August 30, 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 months ended August 30, 2015, the Company did not purchase any shares on the open market.
 
Consolidated Statements of Changes in Stockholders
’
Equity
(in thousands, except share amounts):
 
   
August 30, 2015
 
Common Stock Shares
 
 
 
 
Balance at May 31, 2015
     26,990,490  
Stock options exercised, net of shares tendered
     24,532  
Vested restricted stock units, net of shares tendered
     —  
Balance at August 30, 2015
     27,015,022  
         
Common Stock
 
 
 
 
Balance at May 31, 2015
   $ 27  
Stock options exercised, net of shares tendered
     —  
Vested restricted stock units, net of shares tendered
     —  
Balance at August 30, 2015
   $ 27  
         
Additional Paid-in Capital
 
 
 
 
Balance at May 31, 2015
   $ 133,307  
Stock options exercised, net of shares tendered
     41  
Vested restricted stock units, net of shares tendered
     —  
Taxes paid by Company for stock swaps and RSUs
     —  
Stock-based compensation expense
     797  
Tax benefit from stock based compensation expense
     74  
Balance at August 30, 2015
   $ 134,219  
         
Retained Earnings
 
 
 
 
Balance at May 31, 2015
   $ 85,098  
Net income applicable to common stockholders
     2,952  
Balance at August 30, 2015
   $ 88,050  
         
Non
-
controlling Interest
 
 
 
 
Balance at May 31, 2015
   $ 1,677  
Non-controlling interest in net income
     36  
Distributions to non-controlling interest
     —  
Balance at August 30, 2015
   $ 1,713