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Business Segment Reporting (Tables)

6 Months Ended

Nov. 27, 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												Six Months Ended
(In millions)			November 27, 2022						November 28, 2021						November 27, 2022						November 28, 2021
Switzerland			$	4.0					$	2.0					$	8.0					$	5.4
Canada			2.6						2.9						6.2						6.4
Czech Republic			1.0						0.8						1.7						1.7
Ireland			1.0						0.7						1.7						0.8
All Other Countries			0.5						0.9						1.0						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 November 27, 2022
Net sales			$	21,691					$	17,111					$	—					$	38,802
Gross profit			6,675						433						—						7,108
Net (loss) income from continuing operations			916						(3,295)						(10,070)						(12,449)
Loss from discontinued operations, net of tax			—						—						—						—
Depreciation and amortization			1,843						588						11						2,442
Interest income			16						—						—						16
Interest expense			—						—						4,219						4,219
Income tax (benefit) expense			290						(836)						550						4
Corporate overhead allocation			1,022						283						(1,305)						—
Six Months Ended November 27, 2022
Net sales			$	45,393					$	36,764					$	—					$	82,157
Gross profit			12,776						584						—						13,360

Net (loss) income from continuing operations			1,419						(6,017)						(19,202)						(23,800)
Loss from discontinued operations, net of tax			—						—						—						—
Depreciation and amortization			3,614						2,756						21						6,391
Dividend income			—						—						—						—
Interest income			31						—						—						31
Interest expense			—						1						7,896						7,897
Income tax (benefit) expense			448						(1,901)						1,461						8
Corporate overhead allocation			2,060						617						(2,677)						—
(In thousands)			Lifecore						Curation Foods						Other						Total
Three Months Ended November 28, 2021
Net sales			$	24,946					$	18,506					$	—					$	43,452
Gross profit			11,715						3,000						—						14,715
Net (loss) income from continuing operations			5,682						(747)						(706)						4,229
Loss from discontinued operations, net of tax			—						(42,670)						—						(42,670)
Depreciation and amortization			1,673						886						26						2,585
Interest income			19						—						—						19
Interest expense			—						136						2,958						3,094
Income tax (benefit) expense			1,794						(579)						(4,300)						(3,085)
Corporate overhead allocation			1,078						1,231						(2,309)						—
Six Months Ended November 28, 2021
Net sales			$	46,898					$	38,186					$	—					$	85,084
Gross profit			17,479						7,671						—						25,150
Net (loss) income from continuing operations			6,262						(1,030)						(8,636)						(3,404)
Loss from discontinued operations, net of tax			—						(44,514)						—						(44,514)
Depreciation and amortization			3,220						1,767						52						5,039
Dividend income			—						—						—						—
Interest income			39						—						7						46
Interest expense			—						273						9,499						9,772
Income tax (benefit) expense			1,977						(797)						(5,916)						(4,736)
Corporate overhead allocation			2,215						2,702						(4,917)						—

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

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
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-Section 50
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-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599

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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
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
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