XML 64 R13.htm IDEA: XBRL DOCUMENT v3.24.1
Goodwill and Intangible Assets
12 Months Ended
May 28, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Goodwill
Goodwill was $13.9 million as of both May 28, 2023 and May 29, 2022. There were no changes in goodwill during fiscal years 2023 and 2022. We have determined that Lifecore is the appropriate reporting unit for testing goodwill for impairment.
Intangible Assets
As of May 28, 2023 and May 29, 2022, the Company's intangible assets consisted of the following (in thousands):
May 28, 2023May 29, 2022
 Amortization Period
(years)
Gross Carrying AmountAccumulated AmortizationGross Carrying AmountAccumulated Amortization
Customer relationships
Lifecore12$3,700 $3,700 $3,700 $3,700 
Total customer relationships$3,700 $3,700 $3,700 $3,700 
Trademarks/tradenames
Lifecore$4,200 $— $4,200 $— 
Total trademarks/tradenames$4,200 $— $4,200 $— 
Total intangible assets$7,900 3,700 $7,900 $3,700 

Amortization expense related to finite-lived intangible assets was $0.3 million for both fiscal year 2022 and 2021. There was no amortization expense during fiscal year 2023. As the finite-lived intangible assets are fully amortized as of May 28, 2023, there is no future amortization expense.