XML 43 R11.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Property and Equipment | 12 Months Ended
--- | ---
May 26, 2024
Property, Plant and Equipment [Abstract] |
Property and Equipment | Property and Equipment Property and equipment consists of the following (in thousands):
| Years of Useful Life |  | Year Ended
|  | May 26, 2024 |  | May 28, 2023
Land |  |  |  |  | $ | 3,739 |  |  | $ | 3,739 |
Buildings | 15 | - | 40 |  | 62,874 |  |  | 60,688 |
Leasehold improvements | 3 | - | 15 |  | — |  |  | 4,019 |
Computers, capitalized software, machinery, equipment and vehicles | 3 | - | 25 |  | 69,303 |  |  | 75,181 |
Furniture and fixtures | 3 | - | 7 |  | 1,631 |  |  | 2,182 |
Construction in process |  |  |  |  | 61,385 |  |  | 45,587 |
Gross property and equipment |  |  |  |  | 198,932 |  |  | 191,396 |
Less accumulated depreciation and amortization |  |  |  |  | (50,334) |  |  | (57,006) |
Property and equipment, net |  |  |  |  | $ | 148,598 |  |  | $ | 134,390 |
The major components of the construction in process are related to multi-purpose aseptic filler production lines, including the associated building modifications, to significantly increase manufacturing capacity. As of May 26, 2024, the estimated future costs to complete these projects approximate $10.4 million to be incurred in fiscal years 2025, 2026 and 2027 in the amounts of $5.2 million, $4.6 million, and $0.6 million, respectively. Depreciation and amortization expense for property and equipment for the fiscal years ended May 26, 2024, May 28, 2023 and May 29, 2022 was $8.0 million, $10.3 million and $7.1 million, respectively. Amortization related to finance leases, which is included in depreciation and amortization expense, was $0.1 million for the fiscal years ended May 26, 2024, May 28, 2023, and May 29, 2022. During fiscal years 2024, 2023 and 2022, the Company capitalized $0.2 million, $0.4 million, and $0.3 million in software development costs, respectively. Amortization related to capitalized software was $0.5 million, $0.5 million, and $0.4 million for fiscal years ended May 26, 2024, May 28, 2023 and May 29, 2022, respectively. The unamortized computer software costs as of May 26, 2024 and May 28, 2023 were $1.5 million and $1.8 million, respectively. Capitalized interest on construction projects was $3.2 million, $3.6 million, and $2.1 million for fiscal years ended May 26, 2024, May 28, 2023 and May 29, 2022, respectively.

X
- References No definition available. + Details
Name: | us-gaap_PropertyPlantAndEquipmentAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
Name: | us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration