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Note 9 - Stockholders' Equity
 6 Months Ended
Nov. 29, 2015
Notes to Financial Statements  
Stockholders' Equity Note Disclosure [Text Block]
9.
Stockholders’ Equity
 
During the three months ended November 29, 2015, the Company granted options to purchase 36,000 shares of common stock and awarded 62,000 restricted stock units.
During the six months ended November 29, 2015, the Company granted options to purchase 96,000 shares of common stock and awarded 82,000 restricted stock units.
 
As of November 29, 2015 the Company has reserved 2.9 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 six months ended November 29, 2015, the Company did not purchase any shares on the open market.
 
Consolidated Statements of Changes in Stockholders
’
Equity
(in thousands, except share amounts):
 
   
November 29, 2015
 
Common Stock Shares
 
 
 
 
Balance at May 31, 2015
     26,990,490  
Stock options exercised, net of shares tendered
     34,532  
Vested restricted stock units, net of shares tendered
     8,114  
Balance at November 29, 2015
     27,033,136  
         
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 November 29, 2015
   $ 27  
         
Additional Paid-in Capital
 
 
 
 
Balance at May 31, 2015
   $ 133,307  
Stock options exercised, net of shares tendered
     108  
Vested restricted stock units, net of shares tendered
     —  
Taxes paid by Company for stock swaps and RSUs
     —  
Stock-based compensation expense
     1,697  
Tax benefit from stock based compensation expense
     90  
Balance at November 29, 2015
   $ 135,202  
         
Retained Earnings
 
 
 
 
Balance at May 31, 2015
   $ 85,098  
Net income applicable to common stockholders
     4,820  
Balance at November 29, 2015
   $ 89,918  
         
Non
-
controlling Interest
 
 
 
 
Balance at May 31, 2015
   $ 1,677  
Non-controlling interest in net income
     96  
Distributions to non-controlling interest
     (248 )
Balance at November 29, 2015
   $ 1,525