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Earnings Per Share  (Tables)

3 Months Ended

Aug. 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
			August 25, 2024						August 27, 2023
Numerator:
Net loss from continuing operations			$	(16,230)					$	(12,610)
Income from discontinued operations, net of tax			—						1,856
Net loss			$	(16,230)					$	(10,754)
Denominator:
Weighted average shares for basic and diluted net income (loss) per share			30,855,742						30,403,392
Basic and diluted net income (loss) per share:
Loss from continuing operations			$	(0.53)					$	(0.41)
Income from discontinued operations			—						0.06
Total basic and diluted net loss per share			$	(0.53)					$	(0.35)

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

Due to the Company’s net loss for the three months ended August 25, 2024 and August 27, 2023, the net loss per share includes only the weighted average common shares outstanding and thus excludes the following, as such impact would be antidilutive:

			Three Months Ended
			August 25, 2024						August 27, 2023
Convertible Preferred Stock			5,956,239						5,684,230
Stock Options			21,111						611
Restricted Stock Units			123,406						271,695
Performance Share Units(1)			—						—
Total			6,100,756						5,956,536

(1) PSUs are not considered dilutive until performance targets are met.

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- References

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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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

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