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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
May 26, 2024
May 28, 2023
May 29, 2022
Revenues $ 128,261 $ 103,269 $ 111,270
Cost of goods sold 86,411 75,284 72,204
Gross profit 41,850 27,985 39,066
Operating costs and expenses:      
Research and development 8,575 8,736 7,839
Selling, general and administrative 40,463 38,969 34,659
Restructuring costs 1,656 4,184 8,359
Total operating costs and expenses 50,694 49,781 50,857
Operating loss (8,844) (21,796) (11,791)
Transition services income 0 349 5,814
Loss on debt extinguishment 0 (23,741) 0
Other (expense) income, net (3,052) (1,159) 760
Change in fair value of debt derivative liability, related party 39,500 0 0
Net income (loss) from continuing operations before taxes 9,514 (63,928) (20,687)
Provision for income tax (expense) benefit (183) (308) 5,211
Net income (loss) from continuing operations 9,331 (64,236) (15,476)
Discontinued operations:      
Income (loss) from discontinued operations, net of tax 2,700 (35,327) (101,929)
Income tax (expense) benefit (18) 0 690
Income (loss) from discontinued operations 2,682 (35,327) (101,239)
Net income (loss) $ 12,013 $ (99,563) $ (116,715)
Basic net income (loss) per share:      
Income (loss) from continuing operations (in dollars per share) $ 0.31 $ (2.14) $ (0.53)
Income (loss) from discontinued operations (in dollars per share) 0.09 (1.18) (3.44)
Total basic net income (loss) per share (in dollars per share) 0.40 (3.32) (3.97)
Diluted net income (loss) per share:      
Income (loss) from continuing operations (in dollars per share) 0.25 (2.14) (0.53)
Income (loss) from discontinued operations (in dollars per share) 0.07 (1.18) (3.44)
Total diluted net income (loss) per share (in dollars per share) $ 0.32 $ (3.32) $ (3.97)
Shares used in per share computation:      
Basic (in shares) 30,474 29,958 29,466
Diluted (in shares) 36,658 29,958 29,466
BreatheWay      
Operating costs and expenses:      
Gain on sale of divested business $ 0 $ (2,108) $ 0
Nonrelated Party      
Revenues 77,674 99,247 111,270
Operating costs and expenses:      
Interest expense, net (3,428) (17,229) (15,470)
Related Party      
Revenues 50,587 4,022 0
Operating costs and expenses:      
Interest expense, net $ (14,662) $ (352) $ 0