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Business Segment Reporting (Tables)

12 Months Ended

May 26, 2019

Segment Reporting [Abstract]

Schedule of Property and Equipment, Net by Geographic Region

The following table presents our property and equipment, net by geographic region (in millions):

	Year Ended
Property and equipment, net	May 26, 2019				May 27, 2018
United States	$	186.3			$	159.6
Mexico	13.7				—
Total property and equipment, net	$	200.0			$	159.6

Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area

The Company’s international sales by geography are based on the billing address of the customer and were as follows (in millions):

	Year Ended
	May 26, 2019				May 27, 2018				May 28, 2017
Canada	$	83.6			$	78.0			$	69.3
Belgium	$	15.1			$	17.2			$	21.0
Ireland	$	5.0			$	4.1			$	4.0
All Other Countries	$	5.1			$	3.6			$	4.6

Schedule of Segment Reporting Information, by Segment

Operations by segment consisted of the following (in thousands):

Year Ended May 26, 2019		Curation Foods (1)				Lifecore				Other (2)				Total
Net sales		$	481,686			$	75,873			$	—			$	557,559
Gross profit		49,305				31,698				—				81,003
Net income (loss) from continuing operations		(6,229		)		12,070				(3,719		)		2,122
Identifiable assets		367,352				145,558				6,181				519,091
Depreciation and amortization		10,360				4,140				730				15,230
Capital expenditures		30,583				12,965				1,186				44,734
Dividend income		1,650				—				—				1,650
Interest income		112				—				33				145
Interest expense, net		3,278				—				1,952				5,230
Income tax (benefit) expense		(1,373		)		4,024				(1,133		)		1,518
Year Ended May 27, 2018
Net sales		$	458,800			$	65,427			$	—			$	524,227
Gross profit		49,770				28,568				—				78,338
Net income (loss) from continuing operations		17,010				11,631				(2,880		)		25,761
Identifiable assets (3)		264,067				129,342				11,294				404,703
Depreciation and amortization		8,196				3,679				537				12,412
Capital expenditures		13,052				16,454				4,084				33,590
Dividend income		1,650				—				—				1,650
Interest income		93				—				118				211
Interest expense, net		1,554				—				396				1,950
Income tax (benefit) expense		(9,748		)		2,638				(2,253		)		(9,363		)
Year Ended May 28, 2017
Net sales		$	410,384			$	59,392			$	—			$	469,776
Gross profit		52,457				26,755				—				79,212
Net income (loss) from continuing operations		2,410				10,228				(2,503		)		10,135
Identifiable assets (3)		219,739				104,492				34,377				358,608
Depreciation and amortization		7,312				3,054				311				10,677
Capital expenditures		11,476				11,169				358				23,003
Dividend income		1,650				—				—				1,650
Interest income		16				—				—				16
Interest expense, net		674				13				1,139				1,826
Income tax expense		823				2,938				279				4,040

(1) The Curation segment operating results for the year ended May 26, 2019 reflect the reclassification of the Now Planting brand to discontinued operations.

(2) The Other segment operating results for the year ended May 26, 2019, May 27, 2018, and May 28, 2017 have been restated to reflect the reclassification of the Now Planting brand and the Food Export segment to discontinued operations, and the reclassification of O operating results from the Other segment to the Curation Foods segment.

(3) Assets of discontinued operations are included in Other for the years ended May 27, 2018 and May 28, 2017.

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- Definition

Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets.

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Tabular disclosure of the names of foreign countries from which revenue is material and the amount of revenue from external customers attributed to those countries. An entity may also provide subtotals of geographic information about groups of countries.

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