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Organization, Basis of Presentation, and Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Nov. 27, 2022
Accounting Policies [Abstract]  
Schedule of Cash and Cash Equivalents
The following table provides a reconciliation of cash and cash equivalents and cash and cash equivalents, discontinued operations within the Consolidated Balance Sheets that sum to the total of the same such amounts shown in the Consolidated Statements of Cash Flows:

(In thousands)November 27, 2022May 29, 2022November 28, 2021May 30, 2021
Cash and cash equivalents$6,830 $1,643 $1,091 $1,159 
Cash and cash equivalents, discontinued operations— — — 136 
Cash and cash equivalents$6,830 $1,643 $1,091 $1,295 
Schedule of Inventories
Inventories are stated at the lower of cost (first-in, first-out method) or net realizable value and consist of the following:

(In thousands)November 27, 2022May 29, 2022
Finished goods$38,882 $33,029 
Raw materials26,959 24,221 
Work in progress11,683 9,595 
Total$77,524 $66,845 
Schedule of Financing Receivable, Allowance for Credit Loss
The changes in the Company’s allowance for credit losses are summarized in the following table (in thousands):
 Balance at
beginning of
period		Provision (benefit) for expected credit lossesWrite offs,
net of
recoveries		Balance at
end of period
Six months ended November 27, 2022$65 $— $— $65 
Six months ended November 28, 2021$85 $(14)$— $71 
Schedule of Accumulated Other Comprehensive Loss The Company’s OCI consists of net deferred gains and losses on its interest rate swap derivative instruments. The components of AOCL, net of tax, are as follows:
(In thousands)AOCL
Balance as of May 29, 2022
$(586)
Amounts reclassified from OCI586 
Other comprehensive income, net$586 
Balance as of November 27, 2022
$— 
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following table summarizes the fair value of the Company’s assets and liabilities that are measured at fair value on a recurring and nonrecurring basis (in thousands):

Fair Value at November 27, 2022Fair Value at May 29, 2022
Assets:Level 1Level 2Level 3Level 1Level 2Level 3
Assets held for sale - nonrecurring$— $— $— $— $— $1,027 
Current assets, discontinued operation
Assets held for sale - nonrecurring— — — — — — 
Property & equipment, as restated— — — — 3,500 — 
Customer relationship, as restated— — — — — 1,400 
Tradenames, as restated— — — — — 4,000 
Total assets— — — — 3,500 6,427 
Schedule of Disaggregation of Revenue
The Company disaggregates its revenue by segment based on how it markets its products and services and reviews results of operations. The following tables disaggregate segment revenue by major product lines and services:

(In thousands)Three Months EndedSix Months Ended
Lifecore:November 27, 2022November 28, 2021November 27, 2022November 28, 2021
Contact development and manufacturing organization$16,032 $21,363 $34,279 $39,152 
Fermentation5,659 3,583 11,114 7,746 
Total$21,691 $24,946 $45,393 $46,898 
(In thousands)Three Months EndedSix Months Ended
Curation Foods:November 27, 2022November 28, 2021November 27, 2022November 28, 2021
Avocado products$14,915 $15,381 $32,009 $32,343 
Olive Oil and vinegars2,196 2,508 4,755 4,848 
Technology— 617 — 995 
Total$17,111 $18,506 $36,764 $38,186