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Earnings Per Share
 6 Months Ended
Nov. 24, 2024
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share 
The following table sets forth the weighted average shares used in the computation of basic and diluted earnings per share:
Three Months EndedSix Months Ended
November 24, 2024November 26, 2023November 24, 2024November 26, 2023
Weighted average shares for basic income or loss per share34,360,657 30,458,032 32,609,808 30,430,712 
Effect of dilutive securities:
Convertible preferred stock— 5,790,810 — 5,737,685 
Stock options, RSUs and PSUs— 170,261 — 228,955 
Weighted average shares for diluted income or loss per share34,360,657 36,419,103 32,609,808 36,397,352 
Due to the Company’s net loss for the three and six months ended November 24, 2024, the diluted income or loss per share is calculated using only the basic weighted average common shares outstanding and thus excludes the following, as such impact would be antidilutive:
Three Months EndedSix Months Ended
November 24, 2024November 24, 2024
Convertible Preferred Stock6,769,985 6,707,861 
Stock Options— — 
Restricted Stock Units237,084 209,713 
Performance Share Units(1)
8,500 17,000 
Total7,015,569 6,934,574 
(1) PSUs are not considered dilutive until performance targets are met.
See Note 13 – Convertible Preferred Stock and Common Stock for more information on outstanding Convertible Preferred Stock and Note 12 – Stock-based Compensation for more information on outstanding stock options, RSUs and PSUs.