XML 47 R36.htm IDEA: XBRL DOCUMENT
v3.24.3

Stock-based Compensation (Tables) | 3 Months Ended
--- | ---
Aug. 25, 2024
Share-Based Payment Arrangement [Abstract] |
Schedule of Stock Option Weighted Average Assumptions | The following table displays the estimated fair value of stock options granted and the weighted average assumptions utilized:
| Three Months Ended
| August 25, 2024
Weighted-average grant date fair value | $ | 2.48 |
Assumptions: |
Expected life (in years) | 4.35
Risk-free interest rate | 3.88 | %
Volatility | 53 | %
Dividend yield | — | %
Summary of Stock Option Activity | A summary of the activity under the Company’s stock option plans as of August 25, 2024 and changes during the fiscal quarter then ended is presented below:
| Options Outstanding |  | Weighted-Average Exercise Price Per Share |  | Total Intrinsic Value of Options Exercised (in thousands) |  | Weighted-Average Remaining Contractual Term in Years |  | Aggregate Intrinsic Value (in thousands)
Options outstanding at May 26, 2024 | 2,112,591 |  |  | $ | 10.88 |  |  |  |  | 2.44 |  | $ | — |
Options granted | 54,150 |  |  | $ | 5.28 |  |  |  |  |  |  |
Options exercised | — |  |  | $ | — |  |  | $ | — |  |  |  |  |
Options forfeited | (16,956) |  |  | $ | 10.13 |  |  |  |  |  |  |
Options expired | (75,000) |  |  | $ | 14.00 |  |  |  |  |  |  |
Options outstanding at August 25, 2024 | 2,074,785 |  |  | $ | 10.63 |  |  |  |  | 2.24 |  | $ | 39 |
Options exercisable at August 25, 2024 | 1,872,086 |  |  | $ | 10.82 |  |  |  |  | 1.89 |  | $ | — |
Summary of Stock-based Compensation Activity | A summary of the Company’s RSU award activity as of August 25, 2024 and changes during the fiscal quarter then ended is presented below:
| Restricted Stock Units Outstanding |  | Weighted-Average Grant Date Fair Value Per Share
RSUs outstanding at May 26, 2024 | 1,622,004 |  |  | $ | 7.83 |
Granted | 358,392 |  |  | $ | 5.18 |
Vested | (435,448) |  |  | $ | 8.54 |
Forfeited | (108,708) |  |  | $ | 7.06 |
RSUs outstanding at August 25, 2024 | 1,436,240 |  |  | $ | 7.01 |
A summary of the Company’s PSU award activity as of August 25, 2024 and changes during the fiscal quarter then ended is presented below:
| Performance Share Units Outstanding |  | Weighted-Average Grant Date Fair Value Per Share
PSUs outstanding at May 26, 2024 | 1,500,000 |  |  | $ | 4.66 |
Granted | — |  |  | $ | — |
Vested | — |  |  | $ | — |
Forfeited | — |  |  | $ | — |
PSUs outstanding at August 25, 2024 | 1,500,000 |  |  | $ | 4.66 |
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs | The following table summarizes stock-based compensation by income statement line item:
| Three Months Ended |
| August 25, 2024 |  | August 27, 2023 |  |  |
Cost of product sales | $ | 141 |  |  | $ | 184 |  |  |  |
Research and development | 13 |  |  | 43 |  |  |  |
Selling, general and administrative | 2,265 |  |  | 1,306 |  |  |  |
Stock-based compensation expense | 2,419 |  |  | 1,533 |  |  |  |
Amount capitalized into property, plant, and equipment | — |  |  | 8 |  |  |  |
Total stock-based compensation costs | $ | 2,419 |  |  | $ | 1,541 |  |  |  |

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

X
- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of activity for award under share-based payment arrangement. Includes, but is not limited to, outstanding award at beginning and end of year, granted, exercised, forfeited, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration