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Discontinued Operations
 9 Months Ended
Feb. 25, 2024
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations Discontinued Operations
As discussed in Note 1 – Organization, Basis of Presentation, and Summary of Significant Accounting Policies – Discontinued Operations, the Company completed the disposition of Yucatan and O Olive on February 7, 2023 and April 6, 2023, respectively. Yucatan and O Olive represented components of the Company’s previously operated food business and their sale represents a strategic shift in the Company going forward. Accordingly, concurrent with the execution of their respective purchase agreements, Yucatan and O Olive both met the accounting requirements for reporting as discontinued operations for all periods presented. There were no assets or liabilities of Yucatan and O Olive as of February 25, 2024.

The key components of income from discontinued operations for the three and nine months ended February 25, 2024 and February 26, 2023 were as follows (in thousands):

Three Months Ended
Nine Months Ended
February 25, 2024February 26, 2023February 25, 2024February 26, 2023
Revenues
$— $12,190 $— $48,954 
Cost of product sales— 14,056 — 50,282 
Gross profit— (1,866)— (1,328)
Operating costs and expenses:
Research and development— 48 — 217 
Selling, general and administrative— 2,536 — 9,415 
Impairment of intangible asset and goodwill— — — 1,300 
Loss on Sale of Yucatan— 20,670 — 20,670 
Restructuring costs— 57 — 111 
Total operating costs and expenses— 23,311 — 31,713 
Operating loss— (25,177)— (33,041)
Other income (expense), net850 — 2,700 — 
Income (loss) from discontinued operations before taxes850 (25,177)2,700 (33,041)
Income tax benefit (expense)(3)— (21)— 
Income (loss) from discontinued operations, net of tax$847 $(25,177)$2,679 $(33,041)

Cash provided by operating activities by discontinued operations totaled $2.7 million and $0.1 million for the nine months ended February 25, 2024 and February 26, 2023, respectively. Cash used in investing activities by discontinued operations for the nine months ended February 26, 2023 was $0.1 million.