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Business Segment Reporting (Tables)

6 Months Ended

Nov. 28, 2021

Segment Reporting [Abstract]

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:

			Three Months Ended												Six Months Ended
(In millions)			November 28, 2021						November 29, 2020						November 28, 2021						November 29, 2020
Canada			$	12.4					$	13.7					$	27.3					$	30.2
Switzerland			2.0						0.7						5.4						0.8
Czech Republic			0.8						1.2						1.7						1.7
Ireland			0.7						0.4						0.8						1.2
Belgium			—						2.8						—						6.7
All Other Countries			3.6						0.9						5.2						2.0

Schedule of Segment Reporting Information, by Segment

Operations by business segment consisted of the following:

(In thousands)			Curation Foods						Lifecore						Other						Total
Three Months Ended November 28, 2021
Net sales			$	104,546					$	24,946					$	—					$	129,492
Gross profit			1,277						11,715						—						12,992
Net (loss) income			(33,239)						5,682						(10,884)						(38,441)
Depreciation and amortization			3,533						1,673						26						5,232
Interest income			—						19						—						19
Interest expense			1,376						—						2,957						4,333
Income tax (benefit) expense			(10,496)						1,794						5,878						(2,824)
Corporate overhead allocation			1,231						1,078						(2,309)						—
Six Months Ended November 28, 2021
Net sales			$	211,382					$	46,898					$	—					$	258,280
Gross profit			13,032						17,479						—						30,511
Net (loss) income			(35,366)						6,262						(18,814)						(47,918)
Depreciation and amortization			6,724						3,220						52						9,996
Interest income			—						39						7						46
Interest expense			2,752						—						9,498						12,250
Income tax (benefit) expense			(11,176)						1,978						4,262						(4,936)
Corporate overhead allocation			2,703						2,214						(4,917)						—
Three Months Ended November 29, 2020
Net sales			$	107,685					$	23,219					$	—					$	130,904
Gross profit			10,163						10,474						—						20,637
Net (loss) income			(12,383)						4,492						(5,410)						(13,301)
Depreciation and amortization			2,906						1,360						26						4,292
Dividend income			281						—						—						281
Interest income			—						—						10						10
Interest expense			1,376						—						1,663						3,039
Income tax (benefit) expense			(3,911)						1,419						(208)						(2,700)
Corporate overhead allocation			1,402						1,162						(2,564)						—
Six Months Ended November 29, 2020
Net sales			$	221,523					$	45,024					$	—					$	266,547
Gross profit			21,507						15,476						—						36,983
Net (loss) income			(20,654)						4,604						(8,251)						(24,301)
Depreciation and amortization			6,316						2,669						54						9,039
Dividend income			563						—						—						563
Interest income			—						—						18						18
Interest expense			2,751						—						3,396						6,148
Income tax (benefit) expense			(6,523)						1,454						(1,940)						(7,009)
Corporate overhead allocation			3,258						2,565						(5,823)						—

X

- Definition

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.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
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-URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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