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Discontinued Operations (Tables) | 12 Months Ended
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May 29, 2022
Discontinued Operations and Disposal Groups [Abstract] |
Disposal Groups, Including Discontinued Operations | The key components of loss from discontinued operations for the fiscal years ended May 29, 2022, May 30, 2021, and May 31, 2020 were as follows (in thousands):
| Year Ended
| May 29, 2022 |  | May 30, 2021 |  | May 31, 2020
Product sales | $ | 186,755 |  |  | $ | 372,615 |  |  | $ | 430,300 |
Cost of product sales | 181,555 |  |  | 341,612 |  |  | 394,699 |
Gross profit | 5,200 |  |  | 31,003 |  |  | 35,601 |
Operating costs and expenses: |  |  |  |  |
Research and development | 1,918 |  |  | 2,799 |  |  | 3,517 |
Selling, general and administrative | 13,350 |  |  | 27,704 |  |  | 31,514 |
Impairment of goodwill | 32,057 |  |  | — |  |  | — |
Loss on sale of Eat Smart | 336 |  |  | — |  |  | — |
Restructuring costs | 6,133 |  |  | 13,862 |  |  | 13,231 |
Total operating costs and expenses | 53,794 |  |  | 44,365 |  |  | 48,262 |
Operating loss | (48,594) |  |  | (13,362) |  |  | (12,661) |
Dividend income | — |  |  | 1,125 |  |  | 1,125 |
Interest income | — |  |  | — |  |  | 31 |
Interest expenses | (2,682) |  |  | (4,957) |  |  | (4,957) |
Other income (expense), net | — |  |  | (11,800) |  |  | (4,200) |
Loss from discontinued operations before taxes | (51,276) |  |  | (28,994) |  |  | (20,662) |
Income tax benefit | 121 |  |  | 5,898 |  |  | 4,342 |
Loss from discontinued operations, net of tax | $ | (51,155) |  |  | $ | (23,096) |  |  | $ | (16,320) |
The carrying amounts of the major classes of assets and liabilities of the Eat Smart business included in assets and liabilities of discontinued operations are as follows (in thousands):
|  |  | May 30, 2021
ASSETS |  |  |
Cash and cash equivalents |  |  | $ | 136 |
Accounts receivable, less allowance for credit losses |  |  | 28,583 |
Inventories |  |  | 6,587 |
Prepaid expenses and other current assets |  |  | 2,312 |
Total current assets, discontinued operations |  |  | 37,618 |
Investment in non-public company, fair value |  |  | 45,100 |
Property and equipment, net |  |  | 59,273 |
Operating lease right-of-use assets |  |  | 3,729 |
Goodwill |  |  | 35,470 |
Trademarks/tradenames, net |  |  | 8,228 |
Customer relationships, net |  |  | 2,260 |
Other assets |  |  | 80 |
Total other assets, discontinued operations |  |  | 154,140 |
Total assets, discontinued operations |  |  | $ | 191,758 |
LIABILITIES |  |  |
Accounts payable |  |  | $ | 31,271 |
Accrued compensation |  |  | 4,550 |
Other accrued liabilities |  |  | 4,041 |
Current portion of lease liabilities |  |  | 2,289 |
Deferred revenue |  |  | 493 |
Total current liabilities, discontinued operations |  |  | 42,644 |
Long-term lease liabilities |  |  | 3,252 |
Other non-current liabilities |  |  | 729 |
Non-current liabilities, discontinued operations |  |  | 3,981 |
Total liabilities, discontinued operations |  |  | $ | 46,625 |

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