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Stock-based Compensation and Stockholders' Equity (Tables)

3 Months Ended

Aug. 27, 2023

Share-Based Payment Arrangement [Abstract]

Share-Based Payment Arrangement, Activity

A summary of the activity under the Company’s stock option plans as of August 27, 2023 and changes during the fiscal year then ended is presented below:

			Options Outstanding						Weighted-Average Exercise Price Per Share						Total Intrinsic Value of Options Exercised (in thousands)						Weighted-Average Remaining Contractual Term in Years						Aggregate Intrinsic Value
Options outstanding at May 28, 2023			2,374,325						$	10.88
Granted			2,100						$	10.48
Exercised			(95,800)						$	9.38					$	115
Expired			(119,850)						$	11.79
Options outstanding at August 27, 2023			2,160,775						$	10.89											4.16						$	—
Options exercisable at August 27, 2023			1,506,237						$	10.96											3.49						$	—

A summary of the Company’s restricted stock unit (“RSU”) award activity as of August 27, 2023 and changes during the fiscal year then ended is presented below:

			Restricted Stock Units Outstanding						Weighted-Average Grant Date Fair Value Per Share
Restricted stock units outstanding at May 28, 2023			336,791						$	9.70
Granted			1,057,656						$	8.25
Vested			(56,844)						$	9.50
Restricted stock units outstanding at August 27, 2023			1,337,603						$	8.56

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs

The following table summarizes stock-based compensation by income statement line item:

			Three Months Ended
(In thousands)			August 27, 2023						August 28, 2022
Continuing operations:
Cost of goods sold			$	184					$	101
Research and development			43						90
Selling, general and administrative			1,306						594
Total stock-based compensation			$	1,533					$	785

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- Definition

Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

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Tabular disclosure of activity for award under share-based payment arrangement. Includes, but is not limited to, outstanding award at beginning and end of year, granted, exercised, forfeited, and weighted-average grant date fair value.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

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