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Restructuring Costs (Tables)

3 Months Ended

Aug. 27, 2023

Restructuring and Related Activities [Abstract]

Schedule of Restructuring and Related Costs

The following table summarizes the restructuring costs recognized in the Company’s Condensed Consolidated Statements of Operations, excluding discontinued operations, in connection with the previously announced restructuring plan.

(in thousands)						Three Months Ended
						August 27, 2023						August 28, 2022
Employee severance and benefit costs						$	(18)					$	208
Lease costs						7						20
Other restructuring costs						1						819
Total restructuring costs						$	(10)					$	1,047

The following table summarizes the restructuring costs recognized in the Company’s Condensed Consolidated Statements of Operations since the inception of the restructuring plan in fiscal year 2020 through August 27, 2023, excluding discontinued operations:

						Total
(in thousands)
Asset write-off costs						$	13,893
Employee severance and benefit costs						4,081
Lease costs						4,121
Other restructuring costs						7,851
Total restructuring costs						$	29,946

The following table presents the movement of the restructuring costs liability from May 28, 2023 through August 27, 2023, excluding discontinued operations, within current liabilities in the Condensed Consolidated Balance Sheet:

(in thousands)						May 28, 2023						Expense						Payments						August 27, 2023
Employee severance and benefit costs						$	1,600					$	(18)					$	(659)					$	923
Lease costs						257						7						(76)						188
Other restructuring costs						1,140						1						(11)						1,130
						$	2,997					$	(10)					$	(746)					$	2,241

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- References

No definition available.

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- Definition

Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 5.P.3)
-Publisher FASB
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-Topic 420
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-Paragraph 2
-Subparagraph (SAB Topic 5.P.4)
-Publisher FASB
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Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482017/420-10-50-1

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