XML 38 R25.htm IDEA: XBRL DOCUMENT v3.10.0.1

Note 1 - Organization, Basis of Presentation, and Summary of Significant Accounting Policies (Tables)

12 Months Ended

May 27, 2018

Notes Tables

Comprehensive Income (Loss) [Table Text Block]

		Unrealized Gains on Cash Flow Hedge
Balance as of May 28, 2017		$	432
Other comprehensive income before reclassifications, net of tax effect			716
Amounts reclassified from OCI			—
Other comprehensive income, net			716
Balance as of May 27, 2018		$	1,148

Allowance for Credit Losses on Financing Receivables [Table Text Block]

		Balance at beginning of period				Adjustments charged to revenue and expenses				Write offs, net of recoveries				Balance at end of period
Year Ended May 29, 2016		$	343			$	63			$	(110	)		$	296
Year Ended May 28, 2017		$	296			$	519			$	(454	)		$	361
Year Ended May 27, 2018		$	361			$	46			$	(105	)		$	302

Revenue Recognition, Multiple-deliverable Arrangements [Table Text Block]

		Year Ended
		May 27, 2018				May 28, 2017				May 29, 2016
Recorded upon delivery		$	509,096			$	456,512			$	458,985
Revenue from multiple element arrangements			12,531				8,431				13,400
Revenue from license fees, R&D contracts and royalties/profit sharing			2,600				4,833				4,533
Total		$	524,227			$	469,776			$	476,918

Schedule of Cash and Cash Equivalents [Table Text Block]

		May 27, 2018				May 28, 2017				May 29, 2016
Cash and cash equivalents		$	2,899			$	5,998			$	9,968
Cash, discontinued operations			(8	)			(589	)			(74	)
Cash and cash equivalents presented on Statements of Cash Flows		$	2,891			$	5,409			$	9,894

Schedule of Inventory, Current [Table Text Block]

		Year Ended
		May 27, 2018				May 28, 2017
Finished goods		$	12,861			$	10,015
Raw materials			15,286				10,158
Work in progress			3,672				3,447
Total inventories		$	31,819			$	23,620

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

		Year Ended
		May 27, 2018				May 28, 2017				May 29, 2016
Numerator:
Net income (loss) applicable to Common Stockholders		$	24,829			$	10,590			$	(11,641	)
Denominator:
Weighted average shares for basic net income (loss) per share			27,535				27,276				27,044
Effect of dilutive securities:
Stock options and restricted stock units			380				376				—
Weighted average shares for diluted net income (loss) per share			27,915				27,652				27,044
Diluted net income (loss) per share		$	0.89			$	0.38			$	(0.43	)

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]

		Year Ended
		May 27, 2018				May 28, 2017				May 29, 2016
Options		$	1,488			$	1,230			$	1,352
RSUs			2,915				2,734				2,113
Total stock-based compensation		$	4,403			$	3,964			$	3,465

		Year Ended
		May 27, 2018				May 28, 2017				May 29, 2016
Cost of sales		$	535			$	485			$	405
Research and development			131				83				90
Selling, general and administrative			3,737				3,396				2,970
Total stock-based compensation		$	4,403			$	3,964			$	3,465

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

		Year Ended
		May 27, 2018				May 28, 2017				May 29, 2016
Expected life (in years)			3.50				3.50				3.38
Risk-free interest rate			1.73	%			1.08	%			1.09	%
Volatility			27	%			26	%			31	%
Dividend yield			0	%			0	%			0	%

Schedule of Effect of Significant Unobservable Inputs for Investment [Table Text Block]

		At May 27, 2018				At May 28, 2017
Revenue growth rates			6	%			4	%
Expense growth rates			6	%			4	%
Income tax rates			15	%			15	%
Discount rates			12	%			12	%

Schedule of Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets [Table Text Block]

		Impact on value of Windset investment as of May 27, 2018
10% increase in revenue growth rates		$	9,700
10% increase in expense growth rates		$	(9,100	)
10% increase in income tax rates		$	(500	)
10% increase in discount rates		$	(4,300	)

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

		Fair Value at May 27, 2018												Fair Value at May 28, 2017
Assets (liabilities):		Level 1				Level 2				Level 3				Level 1				Level 2				Level 3
Interest rate swap (1)		$	—			$	1,529			$	—			$	—			$	688			$	—
Investment in non-public company			—				—				66,500				—				—				63,600
Contingent consideration liability (2)			—				—				(4,000	)			—				—				(5,900	)
Total		$	—			$	1,529			$	62,500			$	—			$	688			$	57,700

X

- Definition

Schedule of Effect of significant unobservable inputs for investment.

+ References

No definition available.

+ Details

Name:	lndc_ScheduleOfEffectOfSignificantUnobservableInputsForInvestmentTableTextBlock
Namespace Prefix:	lndc_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11B
-URI http://asc.fasb.org/extlink&oid=84173941&loc=SL6953423-111524

+ Details

Name:	us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the recognition of revenue arrangements under which the entity does or will perform multiple revenue-generating activities, categorized by type of arrangement. This item includes certain revenue arrangements that include software elements. This item does not include multiple-deliverable arrangements for industries that prepare disclosures under specific requirements (for instance, construction-type and production-type contracts) otherwise provided for in the taxonomy.

+ References

No definition available.

+ Details

Name:	us-gaap_RevenueRecognitionMultipleDeliverableArrangementsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of cash and cash equivalents.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfCashAndCashEquivalentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=114867106&loc=d3e526-108580

+ Details

Name:	us-gaap_ScheduleOfComprehensiveIncomeLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

+ Details

Name:	us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 14.F)
-URI http://asc.fasb.org/extlink&oid=115993241&loc=d3e301413-122809

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5047-113901

+ Details

Name:	us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258

+ Details

Name:	us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(6)(c))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(6)(b))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(6)(a))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6361739&loc=d3e7789-107766

+ Details

Name:	us-gaap_ScheduleOfInventoryCurrentTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of a sensitivity analysis or stress test showing the hypothetical effect on the fair value of the transferor's interests in transferred financial assets (including any servicing assets or servicing liabilities) of two or more unfavorable variations from the expected levels for each key assumption that is reported, independently determined from any change in another key assumption, and a description of the objectives, methodology, and limitations of the sensitivity analysis or stress test.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 20
-Section 50
-Paragraph 4
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=109247956&loc=d3e107314-111719

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 20
-Section 50
-Paragraph 4
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=109247956&loc=d3e107314-111719

+ Details

Name:	us-gaap_ScheduleOfSensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_TableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration