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Business Segment Reporting (Tables)

3 Months Ended

Aug. 28, 2022

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, excluding discontinued operations:

			Three Months Ended
(In millions)			August 28, 2022						August 29, 2021
Switzerland			$	4.0					$	3.4
Canada			3.7						3.5
All Other Countries			1.9						1.7

Schedule of Segment Reporting Information, by Segment

Operations by business segment consisted of the following:

(In thousands)			Lifecore						Curation Foods						Other						Total
Three Months Ended August 28, 2022
Net sales			$	23,703					$	19,652					$	—					$	43,355
Gross profit			6,101						(280)						—						5,821
Net (loss) income from continuing operations			502						(3,374)						(9,192)						(12,064)
Loss from discontinued operations, net of tax			—						—						—						—
Depreciation and amortization			1,771						2,820						11						4,602
Interest income			15						—						—						15
Interest expense			—						—						3,678						3,678
Income tax (benefit) expense			158						(1,065)						971						64
Corporate overhead allocation			1,038						334						(1,372)						—
Three Months Ended August 29, 2021
Net sales			$	21,952					$	19,680					$	—					$	41,632
Gross profit			5,764						4,671						—						10,435
Net (loss) income from continuing operations			580						(284)						(7,929)						(7,633)
Loss from discontinued operations, net of tax			—						(1,844)						—						(1,844)
Depreciation and amortization			1,547						881						26						2,454
Interest income			20						—						7						27
Interest expense			—						137						6,541						6,678
Income tax (benefit) expense			183						(218)						(1,616)						(1,651)
Corporate overhead allocation			1,137						1,471						(2,608)						—

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
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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

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