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Note 5 - Intangible Assets | 12 Months Ended
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May 27, 2018
Notes to Financial Statements |
Goodwill and Intangible Assets Disclosure [Text Block] | 5. Intangible Assets The carrying amount of goodwill as of May 27, 2018, May 28, 2017 and May 29, 2016 was $35.4 million for the Packaged Fresh Vegetables segment, $13.9 million for the Biomaterials segment, and $5.2 million for the Other segment. Other intangible assets consisted of the following (in thousands):
|  | Trademarks and Trade names |  |  | Customer Relationships |  |  | Total |
Balance as of May 31, 2015 |  |  | 48,428 |  |  |  | 7,835 |  |  |  | 56,263 |
Impairment during the period |  |  | (34,000 | ) |  |  | — |  |  |  | (34,000 | )
Amortization expense |  |  | — |  |  |  | (867 | ) |  |  | (867 | )
Balance as of May 29, 2016 |  |  | 14,428 |  |  |  | 6,968 |  |  |  | 21,396 |
Additions during the period |  |  | 1,600 |  |  |  | 700 |  |  |  | 2,300 |
Amortization expense |  |  | — |  |  |  | (885 | ) |  |  | (885 | )
Balance as of May 28, 2017 |  |  | 16,028 |  |  |  | 6,783 |  |  |  | 22,811 |
Amortization expense |  |  | — |  |  |  | (969 | ) |  |  | (969 | )
Balance as of May 27, 2018 |  | $ | 16,028 |  |  | $ | 5,814 |  |  | $ | 21,842 |
Accumulated amortization of Trademarks and Trade names was $872,000 as of May 27, 2018 and May 28, 2017. Accumulated amortization of Customer Relationships as of May 27, 2018 and May 28, 2017 was $6.1 million and $5.1 million, respectively. Lifecore’s Customer Relationships amount of $3.7 million is being amortized over 12 years, Apio’s Customer Relationships amount of $7.5 million is being amortized over 13 years, and O ’s Customer Relationships amount of $700,000 is being amortized over 11 years. The amortization expense for the next five fiscal years is estimated to be $949,000 per year.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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