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Earnings Per Share (Tables) | 9 Months Ended
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Feb. 25, 2024
Earnings Per Share [Abstract] |
Schedule of Computation of Diluted Net Income Per Share | The following table sets forth the computation of basic and diluted earnings per share:
| Three Months Ended |  | Nine Months Ended |  |
(In thousands, except per share amounts) | February 25, 2024 |  | February 26, 2023 |  | February 25, 2024 |  | February 26, 2023 |  |  |  |
Numerator: |  |  |  |  |  |  |  |  |  |  |
Net income (loss) from continuing operations | $ | 14,785 |  |  | $ | (11,330) |  |  | $ | 16,417 |  |  | $ | (27,238) |  |  |  |  |
Income (loss) from discontinued operations, net of tax | 847 |  |  | (25,177) |  |  | 2,679 |  |  | (33,041) |  |  |  |  |
Net income (loss) | $ | 15,632 |  |  | $ | (36,507) |  |  | $ | 19,096 |  |  | $ | (60,279) |  |  |  |  |
Denominator: |  |  |  |  |  |  |  |  |  |  |
Weighted average shares for basic income (loss) per share | 30,488 |  |  | 30,304 |  |  | 30,450 |  |  | 29,838 |  |  |  |  |
Potential preferred stock conversion to common stock | 5,899 |  |  | — |  |  | 5,792 |  |  | — |  |  |  |  |
Dilutive stock options and RSUs | 222 |  |  | — |  |  | 227 |  |  | — |  |  |  |  |
Weighted average shares for diluted income (loss) per share | 36,609 |  |  | 30,304 |  |  | 36,469 |  |  | 29,838 |  |  |  |  |
Basic net income (loss) per share: |  |  |  |  |  |  |  |  |  |  |
Income (loss) from continuing operations | $ | 0.48 |  |  | $ | (0.37) |  |  | $ | 0.54 |  |  | $ | (0.91) |  |  |  |  |
Income (loss) from discontinued operations | $ | 0.03 |  |  | $ | (0.83) |  |  | $ | 0.09 |  |  | $ | (1.11) |  |  |  |  |
Total basic net income (loss) per share | $ | 0.51 |  |  | $ | (1.20) |  |  | $ | 0.63 |  |  | $ | (2.02) |  |  |  |  |
Diluted net income (loss) per share: |  |  |  |  |  |  |  |  |  |  |
Income (loss) from continuing operations | $ | 0.40 |  |  | $ | (0.37) |  |  | $ | 0.45 |  |  | $ | (0.91) |  |  |  |  |
Income (loss) from discontinued operations | $ | 0.02 |  |  | $ | (0.83) |  |  | $ | 0.07 |  |  | $ | (1.11) |  |  |  |  |
Total diluted net income (loss) per share | $ | 0.42 |  |  | $ | (1.20) |  |  | $ | 0.52 |  |  | $ | (2.02) |  |  |  |  |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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