XML 26 R15.htm IDEA: XBRL DOCUMENT
v3.24.3

Property, Plant, and Equipment | 3 Months Ended
--- | ---
Aug. 25, 2024
Property, Plant and Equipment [Abstract] |
Property, Plant, and Equipment | Property, Plant, and Equipment Property, plant, and equipment consists of the following:
| August 25, 2024 |  | May 26, 2024
Land and land improvements | $ | 3,739 |  |  | $ | 3,739 |
Buildings and building improvements | 62,887 |  |  | 62,874 |
Machinery and equipment | 61,249 |  |  | 61,013 |
Computer equipment and software | 8,306 |  |  | 8,290 |
Furniture and fixtures | 1,642 |  |  | 1,631 |
Construction in process | 63,260 |  |  | 61,385 |
Gross property, plant, and equipment | 201,083 |  |  | 198,932 |
Less accumulated depreciation and amortization | (52,327) |  |  | (50,334) |
Net property, plant, and equipment | $ | 148,756 |  |  | $ | 148,598 |
The major components of the construction in process are related to two multi-head aseptic filler production lines, including the associated building modifications, to significantly increase manufacturing capacity. Depreciation and amortization expense for property, plant, and equipment for the three months ended August 25, 2024 and August 27, 2023 was $1,993 and $1,947, respectively. Capitalized interest on construction projects was $711 and $969 for three months ended August 25, 2024 and August 27, 2023, respectively. Interest is capitalized based on the average outstanding construction in process balance, excluding previously capitalized interest, using a 10% interest rate. Property, plant, and equipment acquisitions that provide a benefit over several years, and exceed five thousand dollars, are capitalized. The depreciation policy for property, plant, and equipment is as follows:
| Depreciable Lives (in years)
Land improvements | 10 | — | 40
Buildings and building improvements | 7 | — | 40
Machinery and equipment | 7 | — | 25
Transportation equipment | 5 | — | 12
Computer hardware and software | 3 | — | 10
Furniture, fixtures, and office equipment | 5 | — | 10
Tools, molds, and dies | 3

X
- References No definition available. + Details
Name: | us-gaap_PropertyPlantAndEquipmentAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
Name: | us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration