XML 34 R18.htm IDEA: XBRL DOCUMENT
v3.19.2

Stockholders' Equity | 12 Months Ended
--- | ---
May 25, 2019
Stockholders' Equity [Abstract] |
Stockholders' Equity | 10. Stockholders’ Equity ﻿ The Company has 70,000,000 authorized shares of common stock with a $0.01 par value. At May 25, 2019 and May 26, 2018, there were 31,588,000 and 31,614,000 shares of common stock outstanding, respectively, all of which provide the holders with voting rights. ﻿ The Company has authorized for issuance 5,000,000 shares of preferred stock with a $0.01 par value per share. The board of directors has the authority to issue preferred stock in one or more series and to determine the related rights and preferences. No shares of preferred stock were outstanding as of May 25, 2019 and May 26, 2018. ﻿ Stock Repurchase Program ﻿ The Company’s board of directors has periodically approved a stock repurchase program authorizing the repurchase, at the discretion of the Company’s senior executives, of the Company’s common stock for a designated aggregate dollar limit. The current program was authorized in July 2015 (the “July 2015 program”) and set an aggregate dollar limit not to exceed $150 million. Repurchases under the program may take place in the open market or in privately negotiated transactions and may be made pursuant to a Rule 10b5-1 plan. During the years ended May 25, 2019 and May 26, 2018, the Company purchased on the open market approximately 1.8 million and 0.3 million shares of its common stock, respectively, at an average price of $16.17 and $15.95 per share, respectively, for approximately $29.9 million and $5.1 million, respectively. As of May 25, 2019, approximately $90.1 million remains available for future repurchases of the Company’s common stock under the July 2015 program. ﻿ Quarterly Dividend ﻿ Subject to approval each quarter by its board of directors, the Company pays a regular dividend. On April 1 8, 201 9, the board of directors declared a regular quarterly dividend of $0.13 per share of the Company’s common stock. The dividend, paid on June 1 3, 201 9, was accrued in the Consolidated Balance Sheet as of May 25, 2019 for approximately $4.1 million. Continuation of the quarterly dividend is at the discretion of the board of directors and depend s upon the Company’s financial condition, results of operations, capital requirements, general business condition, contractual restrictions contained in the Company’s current credit agreements and other agreements, and other factors deemed relevant by the board of directors.

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

X
- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration