Business Segment Reporting (Tables)

6 Months Ended

Nov. 24, 2019

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

Operations by business segment consisted of the following:



(In thousands)	Curation Foods⁽¹⁾			Lifecore		Other			Total
Three Months Ended November 24, 2019
Net sales	$	119,751		$	22,842	$	—		$	142,593
Gross profit	6,890			8,624		—			15,514
Net (loss) income from continuing operations	(8,348		)	3,459		(1,851		)	(6,740		)
Depreciation and amortization	3,143			1,248		23			4,414
Dividend income	281			—		—			281
Interest income	11			—		14			25
Interest expense	1,375			—		794			2,169
Income tax (benefit) expense	(1,723		)	919		(361		)	(1,165		)

Six Months Ended November 24, 2019
Net sales	$	246,424		$	34,883	$	—		$	281,307
Gross profit	19,712			11,138		—			30,850
Net (loss) income from continuing operations	(10,519		)	2,064		(3,069		)	(11,524		)
Depreciation and amortization	6,348			2,433		46			8,827
Dividend income	562			—		—			562
Interest income	31			—		19			50
Interest expense	2,751			—		1,493			4,244
Income tax (benefit) expense	(2,309		)	454		(675		)	(2,530		)

Three Months Ended November 25, 2018⁽²⁾
Net sales	$	109,111		$	15,446	$	—		$	124,557
Gross profit	11,207			5,678		—			16,885
Net income (loss) from continuing operations	53			1,298		(1,464		)	(113		)
Depreciation and amortization	2,194			978		141			3,313
Dividend income	412			—		—			412
Interest income	30			—		3			33
Interest expense	276			—		470			746
Income tax expense (benefit)	95			432		(105		)	422

Six Months Ended November 25, 2018⁽²⁾
Net sales	$	221,162		$	28,063	$	—		$	249,225
Gross profit	24,577			8,645		—			33,222
Net income (loss) from continuing operations	1,965			751		(2,495		)	221
Depreciation and amortization	4,234			1,954		270			6,458
Dividend income	825			—		—			825
Interest income	61			—		18			79
Interest expense	863			—		641			1,504
Income tax expense (benefit)	802			250		(520		)	532


⁽¹⁾	During the third quarter of fiscal 2019, the Company started consolidating Yucatan Foods whose results are included in the Company's operating results starting from December 1, 2018. See Note 2 - Acquisition for more details of this transaction.


⁽²⁾	The Curation Foods' segment operating results for the three and six months ended November 25, 2018 have been restated to reflect the reclassification of the Now Planting brand to discontinued operations.