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Note 11 - Business Segment Reporting - Operations by Business Segment (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended
--- | --- | ---
May 28, 2017 | Feb. 26, 2017 | Nov. 27, 2016 | Aug. 28, 2016 | May 29, 2016 | Feb. 28, 2016 | Nov. 29, 2015 | Aug. 30, 2015 | May 31, 2015 | Mar. 01, 2015 | Nov. 30, 2014 | Aug. 31, 2014 | May 28, 2017 | May 29, 2016 | May 31, 2015
Net sales |  |  |  |  |  |  |  |  |  |  |  |  |  | $ 532,257 | $ 541,099 |  | $ 539,257 |
International sales |  |  |  |  |  |  |  |  |  |  |  |  |  | 161,336 | 167,416 |  | 163,460 |
Gross profit | $ 19,657 | $ 23,432 | $ 18,953 | $ 21,144 | $ 22,784 |  | $ 12,931 | $ 17,265 | $ 17,977 | $ 18,668 | $ 16,885 | $ 15,666 | $ 14,188 | 83,186 | 70,957 |  | 65,407 |
Net income (loss) | 2,452 | $ 3,500 | $ 1,326 | $ 3,312 | 4,729 |  | $ (21,190) | $ 1,868 | $ 2,952 | 4,196 | $ 3,772 | $ 3,223 | $ 2,353 | 10,590 | (11,641) |  | 13,544 |
Identifiable assets | 358,608 |  |  |  | 342,653 | [1] |  |  |  | 346,465 |  |  |  | 358,608 | 342,653 | [1] | 346,465 |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |  |  | 10,677 | 9,395 | [2] | 7,090 | [2]
Capital expenditures |  |  |  |  |  |  |  |  |  |  |  |  |  | 22,592 | 40,867 | [2] | 17,511 | [2]
Dividend income |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,650 | 1,650 |  | 1,417 |
Interest income |  |  |  |  |  |  |  |  |  |  |  |  |  | 16 | 71 |  | 315 |
Interest expense, net |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,826 | 1,987 |  | 1,829 |
Income tax expense |  |  |  |  |  |  |  |  |  |  |  |  |  | 4,335 | (7,404) |  | 7,746 |
Packaged Fresh Vegetables [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  |  |  |  |  |  |  |  |  |  |  |  |  | 408,021 | 423,859 |  | 430,415 |
International sales |  |  |  |  |  |  |  |  |  |  |  |  |  | 69,802 | 81,242 |  | 80,500 |
Gross profit |  |  |  |  |  |  |  |  |  |  |  |  |  | 51,148 | 40,479 |  | 45,993 |
Net income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  | 2,722 | (31,975) |  | 17,145 |
Identifiable assets | 211,381 |  |  |  | 212,524 |  |  |  |  | 228,672 |  |  |  | 211,381 | 212,524 |  | 228,672 |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |  |  | 7,312 | 6,648 |  | 4,766 |
Capital expenditures |  |  |  |  |  |  |  |  |  |  |  |  |  | 12,150 | 26,892 |  | 12,895 |
Dividend income |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,650 | 1,650 |  | 1,417 |
Interest income |  |  |  |  |  |  |  |  |  |  |  |  |  | 16 | 46 |  | 32 |
Interest expense, net |  |  |  |  |  |  |  |  |  |  |  |  |  | 674 | 1,721 |  | 1,655 |
Income tax expense |  |  |  |  |  |  |  |  |  |  |  |  |  | 823 | 415 |  | 792 |
Food Export [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  |  |  |  |  |  |  |  |  |  |  |  |  | 62,481 | 64,181 |  | 67,837 |
International sales |  |  |  |  |  |  |  |  |  |  |  |  |  | 62,481 | 64,181 |  | 67,714 |
Gross profit |  |  |  |  |  |  |  |  |  |  |  |  |  | 3,974 | 4,176 |  | 4,252 |
Net income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  | 669 | 699 |  | 1,041 |
Identifiable assets | 27,087 |  |  |  | 29,124 |  |  |  |  | 27,746 |  |  |  | 27,087 | 29,124 |  | 27,746 |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  | 6 |
Capital expenditures |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dividend income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income tax expense |  |  |  |  |  |  |  |  |  |  |  |  |  | 189 | 143 |  | 48 |
Biomaterials [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  |  |  |  |  |  |  |  |  |  |  |  |  | 59,392 | 50,470 |  | 40,432 |
International sales |  |  |  |  |  |  |  |  |  |  |  |  |  | 29,053 | 21,993 |  | 15,246 |
Gross profit |  |  |  |  |  |  |  |  |  |  |  |  |  | 26,755 | 24,081 |  | 14,609 |
Net income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  | 10,228 | 9,499 |  | 3,838 |
Identifiable assets | 104,492 |  |  |  | 98,986 |  |  |  |  | 85,779 |  |  |  | 104,492 | 98,986 |  | 85,779 |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |  |  | 3,054 | 2,606 |  | 2,184 |
Capital expenditures |  |  |  |  |  |  |  |  |  |  |  |  |  | 9,902 | 13,975 |  | 4,499 |
Dividend income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 25 |  | 254 |
Interest expense, net |  |  |  |  |  |  |  |  |  |  |  |  |  | 13 | 266 |  | 174 |
Income tax expense |  |  |  |  |  |  |  |  |  |  |  |  |  | 2,938 | 1,946 |  | 177 |
Corporate Segment [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  |  |  |  |  |  |  |  |  |  |  |  |  | 2,363 | 2,589 |  | 573 |
International sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gross profit |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,309 | 2,221 |  | 553 |
Net income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  | (3,029) | 10,136 |  | (8,480) |
Identifiable assets | $ 15,648 |  |  |  | $ 2,019 |  |  |  |  | $ 4,268 |  |  |  | 15,648 | 2,019 |  | 4,268 |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |  |  | 311 | 140 |  | 134 |
Capital expenditures |  |  |  |  |  |  |  |  |  |  |  |  |  | 540 |  |  | 117 |
Dividend income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 29 |
Interest expense, net |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,139 |  |  |  |
Income tax expense |  |  |  |  |  |  |  |  |  |  |  |  |  | $ 385 | $ (9,908) |  | $ 6,729 |
[1] | Derived from audited financial statements. See Note 1 - Organization, Basis of Presentation, and Summary of Significant Accounting Policies for discussion of accounting guidance adopted during the period.
[2] | See Note 1 - Organization, Basis of Presentation, and Summary of Significant Accounting Policies for a discussion of accounting principles adopted during the period.

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