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Stock-based compensation (Tables)
12 Months Ended
May 25, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Weighted Average Assumptions
The following table presents information about the fair value of stock-based awards:
Stock options
PSUs
 Year endedYear ended
 May 25, 2025May 26, 2024May 25, 2025May 26, 2024
Weighted-average grant date fair value per share
$4.32 $3.91 3.85 4.66 
Weighted-average assumptions used to determine grant-date fair value:
Expected life
4.4 years4.4 years5.0 years5.0 years
Risk-free interest rate4.0 %4.3 %3.7 %4.4 %
Volatility84 %58 %82 %78 %
Dividend yield— %— %— %— %
Schedule of Other Information about Stock-Based Awards
The following table presents other information about stock-based awards:
 Year ended
 May 25, 2025May 26, 2024
Weighted average grant-date fair value of RSUs awarded per share
$5.50 $7.48 
Intrinsic value of stock options exercised— 115 
Fair value of RSUs vested per share
7.93 7.74 
Fair value of PSUs vested per share
4.24 — 
Tax benefit of options exercised— 35 
Summary of Stock Option Activity
The following table presents information about stock option balances and activity:
 SharesWeighted-average exercise price per shareWeighted-average remaining contractual term
Aggregate intrinsic value
Outstanding at May 26, 20242,112,591 $10.88 
Granted755,775 6.64 
Forfeited(155,189)7.49 
Expired(1,452,878)11.04 
Outstanding at May 25, 20251,260,299 8.57 4.5 years$225,294 
Exercisable at May 25, 2025599,970 10.57 2.3 years1,361 
Summary of Stock-based Compensation Activity
The following table presents information about recent RSU and PSU activity:
RSUsPSUs
 SharesWeighted-average grant date fair value per shareSharesWeighted-average grant date fair value per share
Outstanding at May 26, 20241,622,004 $7.83 1,500,000 $4.66 
Granted1,038,287 5.50 1,120,000 3.85 
Vested(756,547)7.93 (75,000)4.24 
Forfeited(384,457)7.67 — — 
Outstanding at May 25, 20251,519,287 6.23 2,545,000 4.32 
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs
The following table summarizes stock-based compensation by income statement line item:
Year ended
May 25, 2025May 26, 2024
Cost of product sales$856 $582 
Research and development expense(122)168 
Selling, general and administrative expense9,424 5,451 
Stock-based compensation expense$10,158 $6,201