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Restructuring Costs | 6 Months Ended
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Nov. 29, 2020
Restructuring and Related Activities [Abstract] |
Restructuring Costs | Restructuring Costs During fiscal year 2020, the Company announced a restructuring plan to drive enhanced profitability, focus the business on its strategic assets and redesign the organization to be the appropriate size to compete and thrive. This includes a reduction-in-force, a reduction in leased office spaces, and the sale of non-strategic assets. In the first quarter of fiscal year 2021, the Company sold its interest in Ontario. The Company received net cash proceeds of $4.9 million in connection with the sale, and recorded a gain of $2.8 million which is included in Restructuring costs within the Consolidated Statements of Comprehensive (Loss) Income. See the Assets Held for Sale section within Note 1 for additional information. In the first quarter of fiscal year 2021, the Company recognized an $8.8 million impairment loss related to its Hanover building and related assets which were sold in the second quarter of fiscal year 2021. The loss is included in Restructuring costs within the Consolidated Statements of Comprehensive (Loss) Income. See the Assets Held for Sale section within Note 1 for additional information. In August 2020, the Company closed its leased Santa Clara, California office and entered into a sublease agreement. In the fourth quarter of fiscal year 2020 the Company closed its leased Los Angeles, California office and plans to sublease the office. For the three and six months ended November 29, 2020, other restructuring costs primarily related to consulting costs to execute the Company’s restructuring plan to drive enhanced profitability, focus the business on its strategic assets, and redesign the organization to be the appropriate size to compete and thrive. The following table summarizes the restructuring costs recognized in the Company’s Consolidated Statements of (Loss) Income, by Business Segment:
(in thousands) | Curation Foods |  | Lifecore |  | Other |  | Total
Three Months Ended November 29, 2020 |  |  |  |  |  |  |
Asset write-off costs | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Employee severance and benefit costs | 211 |  |  | — |  |  | — |  |  | 211 |
Lease costs | — |  |  | — |  |  | — |  |  | — |
Other restructuring costs | 1,295 |  |  | — |  |  | 156 |  |  | 1,451 |
Total restructuring costs | $ | 1,506 |  |  | $ | — |  |  | $ | 156 |  |  | $ | 1,662 |
(in thousands) | Curation Foods |  | Lifecore |  | Other |  | Total
Six Months Ended November 29, 2020 |  |  |  |  |  |  |
Asset write-off costs | $ | 6,005 |  |  | $ | — |  |  | $ | — |  |  | $ | 6,005 |
Employee severance and benefit costs | 1,115 |  |  | — |  |  | — |  |  | 1,115 |
Lease costs | — |  |  | — |  |  | — |  |  | — |
Other restructuring costs | 2,143 |  |  | — |  |  | 803 |  |  | 2,946 |
Total restructuring costs | $ | 9,263 |  |  | $ | — |  |  | $ | 803 |  |  | $ | 10,066 |
The following table summarizes the restructuring costs recognized in the Company’s Consolidated Statements of (Loss) Income, by Business Segment, since inception of the restructuring plan in fiscal year 2020 through the six months ended November 29, 2020:
| Curation Foods |  | Lifecore |  | Other |  | Total
(in thousands) |  |  |  |  |  |  |
Asset write-off costs, net | $ | 18,667 |  |  | $ | — |  |  | $ | 418 |  |  | $ | 19,085 |
Employee severance and benefit costs | 2,584 |  |  | — |  |  | 784 |  |  | 3,368 |
Lease costs | 392 |  |  | — |  |  | 26 |  |  | 418 |
Other restructuring costs | 3,166 |  |  | — |  |  | 1,314 |  |  | 4,480 |
Total restructuring costs | $ | 24,809 |  |  | $ | — |  |  | $ | 2,542 |  |  | $ | 27,351 |
The total expected cost related to the restructuring plan is approximately $29.0 million.

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 + Details
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