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Restructuring Costs (Tables)

9 Months Ended

Feb. 26, 2023

Restructuring and Related Activities [Abstract]

Schedule of Restructuring and Related Costs

The following table summarizes the restructuring costs recognized in the Company’s Consolidated Statements of Comprehensive (Loss) Income, by Business Segment, excluding discontinued operations. There were no restructuring costs recognized on the Lifecore segment.

(in thousands)			Curation Foods												Other						Total
Three Months Ended February 26, 2023
Employee severance and benefit costs			$	683											$	1,679					$	2,362
Lease costs			43												—						43
Other restructuring costs			175												161						336
Total restructuring costs			$	901											$	1,840					$	2,741
(in thousands)			Curation Foods												Other						Total
Nine Months Ended February 26, 2023
Employee severance and benefit costs			927												1,679						2,606
Lease costs			88												—						88
Other restructuring costs			494												1,423						1,917
Total restructuring costs			$	1,509											$	3,102					$	4,611

The following table summarizes the restructuring costs recognized in the Company’s Consolidated Statements of (Loss) Income, by Business Segment, since inception of the restructuring plan in fiscal year 2020 through the nine months ended February 26, 2023, excluding discontinued operations:

			Curation Foods												Other						Total
(in thousands)
Asset write-off costs, net			$	7,552											$	418					$	7,970
Employee severance and benefit costs			1,486												2,463						3,949
Lease costs			2,306												26						2,332
Other restructuring costs			817												6,321						7,138
Total restructuring costs			$	12,161											$	9,228					$	21,389

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- References

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- Definition

Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 5.P.3)
-URI https://asc.fasb.org/extlink&oid=115931487&loc=d3e140864-122747

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
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-URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB TOPIC 5.P.4)
-URI https://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747

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