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Business Segment Reporting (Tables) | 12 Months Ended
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May 29, 2022
Segment Reporting [Abstract] |
Schedule of Property and Equipment, Net by Geographic Region | The following table presents our property and equipment, net by geographic region (in millions):
| Year Ended
| As restated |  |
Property and equipment, net | May 29, 2022 |  | May 30, 2021
United States | $ | 115.0 |  |  | $ | 105.3 |
Mexico | 3.5 |  |  | 15.0 |
Total property and equipment, net | $ | 118.5 |  |  | $ | 120.3 |
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 (in millions):
| Year Ended
| May 29, 2022 |  | May 30, 2021 |  | May 31, 2020
Switzerland | $ | 16.8 |  |  | $ | 4.7 |  |  | $ | 1.7 |
Canada | $ | 12.6 |  |  | $ | 10.7 |  |  | $ | 9.7 |
Czech Republic | $ | 3.5 |  |  | $ | 3.5 |  |  | $ | 1.4 |
United Kingdom | $ | 2.9 |  |  | $ | 1.9 |  |  | $ | 1.1 |
Ireland | $ | 2.2 |  |  | $ | 2.0 |  |  | $ | 4.0 |
Belgium | $ | — |  |  | $ | 13.7 |  |  | $ | 13.8 |
All Other Countries | $ | 2.0 |  |  | $ | 1.9 |  |  | $ | 2.2 |
Schedule of Segment Reporting Information, by Segment | Operations by segment consisted of the following (in thousands):
|  |  |  | As restated |  |  |  | As restated
Year Ended May 29, 2022 |  | Lifecore |  | Curation Foods |  | Other |  | Total
Product sales |  | $ | 109,320 |  |  | $ | 76,466 |  |  | $ | — |  |  | $ | 185,786 |
Gross profit |  | 43,746 |  |  | 6,624 |  |  | — |  |  | 50,370 |
Net income (loss) from continuing operations |  | 16,675 |  |  | (47,783) |  |  | (32,416) |  |  | (63,524) |
Loss from discontinued operations, net of tax |  | — |  |  | (48,114) |  |  | (3,041) |  |  | (51,155) |
Identifiable assets |  | 213,969 |  |  | 59,594 |  |  | 4,243 |  |  | 277,806 |
Depreciation and amortization |  | 6,673 |  |  | 4,004 |  |  | 80 |  |  | 10,757 |
Capital expenditures |  | 23,552 |  |  | 2,674 |  |  | — |  |  | 26,226 |
Interest income |  | 72 |  |  | — |  |  | 9 |  |  | 81 |
Interest expense, net |  | — |  |  | (299) |  |  | (17,058) |  |  | (17,357) |
Income tax (benefit) expense |  | 5,266 |  |  | (13,831) |  |  | 2,620 |  |  | (5,945) |
Corporate overhead allocation |  | 4,484 |  |  | 1,092 |  |  | (5,576) |  |  | — |
Year Ended May 30, 2021 |  |  |  |  |  |  |  |
Product sales |  | $ | 98,087 |  |  | $ | 73,459 |  |  | $ | — |  |  | $ | 171,546 |
Gross profit |  | 38,265 |  |  | 12,206 |  |  | — |  |  | 50,471 |
Net income (loss) from continuing operations |  | 14,461 |  |  | (357) |  |  | (23,673) |  |  | (9,569) |
Loss from discontinued operations, net of tax |  | — |  |  | (23,096) |  |  | — |  |  | (23,096) |
Identifiable assets |  | 185,417 |  |  | 121,069 |  |  | 4,680 |  |  | 311,166 |
Depreciation and amortization |  | 5,502 |  |  | 2,972 |  |  | 97 |  |  | 8,571 |
Capital expenditures |  | 16,222 |  |  | 3,042 |  |  | — |  |  | 19,264 |
Interest income |  | — |  |  | — |  |  | 48 |  |  | 48 |
Interest expense, net |  | — |  |  | (545) |  |  | (9,842) |  |  | (10,387) |
Income tax (benefit) expense |  | 4,568 |  |  | (3,020) |  |  | (3,451) |  |  | (1,903) |
Corporate overhead allocation |  | 4,773 |  |  | 946 |  |  | (5,719) |  |  | — |
Year Ended May 31, 2020 |  |  |  |  |  |  |  |
Product sales |  | $ | 85,833 |  |  | $ | 74,233 |  |  | $ | — |  |  | $ | 160,066 |
Gross profit |  | 32,883 |  |  | 6,504 |  |  | — |  |  | 39,387 |
Net income (loss) from continuing operations |  | 11,749 |  |  | (17,728) |  |  | (15,892) |  |  | (21,871) |
Loss from discontinued operations, net of tax |  | — |  |  | (16,320) |  |  | — |  |  | (16,320) |
Identifiable assets |  | 165,461 |  |  | 117,427 |  |  | 10,613 |  |  | 293,501 |
Depreciation and amortization |  | 5,008 |  |  | 3,282 |  |  | 96 |  |  | 8,386 |
Capital expenditures |  | 10,612 |  |  | 1,472 |  |  | 130 |  |  | 12,214 |
Interest income |  | — |  |  | 6 |  |  | 66 |  |  | 72 |
Interest expense, net |  | — |  |  | (547) |  |  | (4,099) |  |  | (4,646) |
Income tax (benefit) expense |  | 3,346 |  |  | (8,686) |  |  | (3,434) |  |  | (8,774) |
Corporate overhead allocation |  | 4,190 |  |  | 868 |  |  | (5,058) |  |  | — |

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- Definition Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph b -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 + Details
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- 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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 + Details
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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 -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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