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Discontinued Operations (Tables) | 9 Months Ended
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Feb. 27, 2022
Discontinued Operations and Disposal Groups [Abstract] |
Disposal Groups, Including Discontinued Operations | The key components of income from discontinued operations for the three and nine months ended February 27, 2022 and February 28, 2021 were as follows (in thousands):
| Three Months Ended |  | Nine Months Ended
| February 27, 2022 |  | February 28, 2021 |  | February 27, 2022 |  | February 28, 2021
Product sales | $ | 13,559 |  |  | $ | 93,092 |  |  | $ | 186,755 |  |  | $ | 277,699 |
Cost of product sales | 13,720 |  |  | 87,844 |  |  | 181,555 |  |  | 256,918 |
Gross profit | (161) |  |  | 5,248 |  |  | 5,200 |  |  | 20,781 |
Operating costs and expenses: |  |  |  |  |  |  |
Research and development | 103 |  |  | 719 |  |  | 1,918 |  |  | 2,120 |
Selling, general and administrative | 1,058 |  |  | 7,086 |  |  | 13,350 |  |  | 21,258 |
Impairment of goodwill | — |  |  | — |  |  | 32,057 |  |  | — |
Loss on sale of Eat Smart | 4,354 |  |  | — |  |  | 4,354 |  |  | — |
Restructuring costs | 86 |  |  | 677 |  |  | 1,519 |  |  | 9,940 |
Total operating costs and expenses | 5,601 |  |  | 8,482 |  |  | 53,198 |  |  | 33,318 |
Operating loss | (5,762) |  |  | (3,234) |  |  | (47,998) |  |  | (12,537) |
Dividend income | — |  |  | 281 |  |  | — |  |  | 844 |
Interest expense | (204) |  |  | (1,239) |  |  | (2,682) |  |  | (3,717) |
Other income (expense), net | — |  |  | — |  |  | — |  |  | (11,800) |
Loss from discontinued operations before taxes | (5,966) |  |  | (4,192) |  |  | (50,680) |  |  | (27,210) |
Income tax benefit | 222 |  |  | 159 |  |  | 422 |  |  | 6,200 |
Loss from discontinued operations, net of tax | $ | (5,744) |  |  | $ | (4,033) |  |  | $ | (50,258) |  |  | $ | (21,010) |
There were no assets or liabilities of Eat Smart as of February 27, 2022. 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 |  |  | 66,789 |
Operating lease right-of-use assets |  |  | 13,347 |
Goodwill |  |  | 35,470 |
Trademarks/tradenames, net |  |  | 8,228 |
Customer relationships, net |  |  | 2,260 |
Other assets |  |  | 80 |
Total other assets, discontinued operations |  |  | 171,274 |
Total assets, discontinued operations |  |  | $ | 208,892 |
LIABILITIES |  |  |
Accounts payable |  |  | $ | 31,271 |
Accrued compensation |  |  | 4,550 |
Other accrued liabilities |  |  | 4,041 |
Current portion of lease liabilities |  |  | 2,424 |
Deferred revenue |  |  | 493 |
Total current liabilities, discontinued operations |  |  | 42,779 |
Long-term lease liabilities |  |  | 14,030 |
Other non-current liabilities |  |  | 729 |
Non-current liabilities, discontinued operations |  |  | 14,759 |
Total liabilities, discontinued operations |  |  | $ | 57,538 |

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