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Diluted Earnings Per Share | 9 Months Ended
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Feb. 26, 2023
Earnings Per Share [Abstract] |
Diluted Earnings Per Share | Diluted Earnings Per Share The following table sets forth the computation of diluted earnings per share:
| Three Months Ended |  | Nine Months Ended |  |
(In thousands, except per share amounts) | February 26, 2023 |  | February 27, 2022 |  | February 26, 2023 |  | February 27, 2022 |  |  |  |
Numerator: |  |  |  |  |  |  |  |  |  |  |
Net loss | $ | (40,192) |  |  | $ | (13,086) |  |  | $ | (63,992) |  |  | $ | (61,116) |  |  |  |  |
Denominator: |  |  |  |  |  |  |  |  |  |  |
Weighted average shares for basic net loss per share | 30,304 |  |  | 29,482 |  |  | 29,838 |  |  | 29,459 |  |  |  |  |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |
Convertible preferred stock | — |  |  | — |  |  | — |  |  | — |  |  |  |  |
Stock options and restricted stock units | — |  |  | — |  |  | — |  |  | — |  |  |  |  |
Weighted average shares for diluted net loss per share | 30,304 |  |  | 29,482 |  |  | 29,838 |  |  | 29,459 |  |  |  |  |
Basic and Diluted net loss per share | $ | (1.33) |  |  | $ | (0.45) |  |  | $ | (2.14) |  |  | $ | (2.07) |  |  |  |  |
Due to the Company’s net loss for the three and nine months ended February 26, 2023 and February 27, 2022, the net loss per share includes only the weighted average shares outstanding and thus excludes RSUs, stock options and Convertible Preferred Stock, as such impact would be antidilutive. See Note 2 for more information on outstanding convertible preferred stock and Note 3 for more information on outstanding RSUs and stock options.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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