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Earnings Per Share  (Tables)

6 Months Ended

Nov. 24, 2024

Earnings Per Share [Abstract]

Schedule of Computation of Diluted Net Income Per Share

The following table sets forth the weighted average shares used in the computation of basic and diluted earnings per share:

			Three Months Ended												Six Months Ended
			November 24, 2024						November 26, 2023						November 24, 2024						November 26, 2023
Weighted average shares for basic income or loss per share			34,360,657						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 share			34,360,657						36,419,103						32,609,808						36,397,352

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

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 Ended						Six Months Ended
			November 24, 2024						November 24, 2024
Convertible Preferred Stock			6,769,985						6,707,861
Stock Options			—						—
Restricted Stock Units			237,084						209,713
Performance Share Units(1)			8,500						17,000
Total			7,015,569						6,934,574

(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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