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Restructuring Costs (Tables)

6 Months Ended

Nov. 26, 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.

			Three Months Ended												Six Months Ended
(in thousands)			November 26, 2023						November 27, 2022						November 26, 2023						November 27, 2022
Employee severance and benefit costs			$	157					$	(113)					$	139					$	95
Lease costs			9						25						16						45
Other restructuring costs			(9)						651						(8)						1,470
Total restructuring costs			$	157					$	563					$	147					$	1,610

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 November 26, 2023, excluding discontinued operations:

			Total
(in thousands)
Asset write-off costs, net			$	13,893
Employee severance and benefit costs			4,238
Lease costs			4,130
Other restructuring costs			7,842
Total restructuring costs			$	30,103

The following table presents the movement of the restructuring costs liability from May 28, 2023 through November 26, 2023, excluding discontinued operations, within current liabilities in the Condensed Consolidated Balance Sheet:

(in thousands)						May 28, 2023						Expense						Payments						November 26, 2023
Employee severance and benefit costs						$	1,600					$	139					$	(1,065)					$	674
Lease costs						257						16						(129)						144
Other restructuring costs						1,140						(8)						(911)						221
						$	2,997					$	147					$	(2,105)					$	1,039

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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
-URI https://asc.fasb.org/1943274/2147479823/420-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2

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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