XML 26 R4.htm IDEA: XBRL DOCUMENT v3.20.1
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME AND LOSS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Feb. 23, 2020
Feb. 24, 2019
Feb. 23, 2020
Feb. 24, 2019
Income Statement [Abstract]        
Product sales $ 152,928 $ 155,554 $ 434,235 $ 404,779
Cost of product sales 132,881 133,985 383,338 349,988
Gross profit 20,047 21,569 50,897 54,791
Operating costs and expenses:        
Research and development 2,747 2,739 8,390 8,005
Selling, general and administrative 18,783 15,588 54,000 43,791
Restructuring costs 13,528 0 13,934 0
Total operating costs and expenses 35,058 18,327 76,324 51,796
Operating (loss) income (15,011) 3,242 (25,427) 2,995
Dividend income 281 413 843 1,238
Interest income 46 34 96 113
Interest expense (2,211) (1,771) (6,455) (3,275)
Other income, net 67 0 61 1,600
Net (loss) income from continuing operations before tax (16,828) 1,918 (30,882) 2,671
Income tax benefit (expense) 5,310 (385) 7,840 (917)
Net (loss) income from continuing operations (11,518) 1,533 (23,042) 1,754
Discontinued operations:        
Loss from discontinued operations 0 (609) 0 (1,415)
Income tax benefit 0 143 0 333
Loss from discontinued operations, net of tax 0 (466) 0 (1,082)
Net (loss) income applicable to common stockholders $ (11,518) $ 1,067 $ (23,042) $ 672
Basic net loss per share:        
(Loss) income from continuing operations (in dollars per share) $ (0.39) $ 0.05 $ (0.79) $ 0.06
Loss from discontinued operations (in dollars per share) 0 (0.02) 0 (0.04)
Total basic net loss per share (in dollars per share) (0.39) 0.03 (0.79) 0.02
Diluted net loss per share:        
(Loss) income from continuing operations (in dollars per share) (0.39) 0.05 (0.79) 0.06
Loss from discontinued operations (in dollars per share) 0 (0.01) 0 (0.04)
Total diluted net loss per share (in dollars per share) $ (0.39) $ 0.04 $ (0.79) $ 0.02
Shares used in per share computation        
Basic (in shares) 29,170 28,919 29,155 28,140
Diluted (in shares) 29,170 29,151 29,155 28,399
Other comprehensive loss, net of tax:        
Net unrealized losses on interest rate swaps (net of tax effect of $124, $215, $305, $190) $ (411)   $ (896)  
Net unrealized losses on interest rate swaps (net of tax effect of $124, $215, $305, $190)   $ (595)   $ (608)
Other comprehensive loss, net of tax (411) (595) (896) (608)
Total comprehensive (loss) income $ (11,929) $ 472 $ (23,938) $ 64