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Discontinued Operations (Tables) | 12 Months Ended
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May 28, 2023
Discontinued Operations and Disposal Groups [Abstract] |
Disposal Groups, Including Discontinued Operations | The key components of loss from discontinued operations for the fiscal years ended May 28, 2023, May 29, 2022, and May 30, 2021 were as follows (in thousands):
| Year Ended
| May 28, 2023 |  | May 29, 2022 |  | May 30, 2021
|  |  | As Restated |  | As Restated
Product sales | $ | 49,988 |  |  | $ | 261,311 |  |  | $ | 443,779 |
Cost of product sales | 51,175 |  |  | 248,670 |  |  | 401,775 |
Gross profit | (1,187) |  |  | 12,641 |  |  | 42,004 |
Operating costs and expenses: |  |  |  |  |
Research and development | 220 |  |  | 2,441 |  |  | 3,538 |
Selling, general and administrative | 10,143 |  |  | 24,423 |  |  | 38,100 |
Impairment of goodwill and long-lived and indefinite-lived assets | 1,300 |  |  | 78,146 |  |  | — |
Legal settlement charge | 407 |  |  | — |  |  | 1,763 |
Loss on Sale of Eat Smart | — |  |  | 336 |  |  | — |
Loss on Sale of Yucatan | 20,663 |  |  | — |  |  | — |
Loss on Sale of O Olive | 319 |  |  | — |  |  | — |
Gain on Sale of BreatheWay | — |  |  | — |  |  | — |
Restructuring costs | 1,255 |  |  | 6,542 |  |  | 3,935 |
Total operating costs and expenses | 34,307 |  |  | 111,888 |  |  | 47,336 |
Operating loss | (35,494) |  |  | (99,247) |  |  | (5,332) |
Dividend income | — |  |  | — |  |  | — |
Interest expenses | — |  |  | (2,682) |  |  | (4,957) |
Other expense, net | 167 |  |  | — |  |  | — |
Loss from discontinued operations before taxes | (35,327) |  |  | (101,929) |  |  | (10,289) |
Income tax benefit | — |  |  | 690 |  |  | 1,432 |
Loss from discontinued operations, net of tax | $ | (35,327) |  |  | $ | (101,239) |  |  | $ | (8,857) |
The carrying amounts of the major classes of assets and liabilities of O Olive and Yucatan businesses included in assets and liabilities of discontinued operations are as follows (in thousands):
|  |  | May 29, 2022
|  |  | As Restated
ASSETS |  |  |
Cash and cash equivalents |  |  | $ | 652 |
Accounts receivable, less allowance for credit losses |  |  | 9,336 |
Inventories |  |  | 26,012 |
Prepaid expenses and other current assets |  |  | 3,310 |
Total current assets, discontinued operations |  |  | 39,310 |
Property and equipment, net |  |  | 3,896 |
Operating lease right-of-use assets |  |  | 2,933 |
Trademarks/tradenames, net |  |  | 4,500 |
Customer relationships, net |  |  | 1,400 |
Other assets |  |  | 113 |
Total other assets, discontinued operations |  |  | 12,842 |
Total assets, discontinued operations |  |  | $ | 52,152 |
LIABILITIES |  |  |
Accounts payable |  |  | $ | 2,850 |
Accrued compensation |  |  | 297 |
Other accrued liabilities |  |  | 939 |
Current portion of lease liabilities |  |  | 658 |
Total current liabilities, discontinued operations |  |  | 4,744 |
Long-term lease liabilities |  |  | 2,325 |
Non-current liabilities, discontinued operations |  |  | 2,325 |
Total liabilities, discontinued operations |  |  | $ | 7,069 |

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