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Stock-Based Compensation Plans (Tables)
12 Months Ended
May 25, 2019
Stock-Based Compensation Plans [Abstract]  
Summary Of Share-Based Award Activity





 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



 

Share-Based

 

Number of

 

 

Weighted

 

Weighted Average

 

 

 



 

Awards

 

Shares

 

 

Average

 

Remaining

 

 

Aggregate



 

Available

 

Under

 

 

Exercise

 

Contractual Life

 

 

Intrinsic



 

for Grant

 

Option

 

 

Price

 

(in years)

 

 

Value

Options outstanding at May 26, 2018

 

2,252 

 

6,869 

 

$

15.10 

 

5.50 

 

$

12,310 

Granted, at fair market value

 

(1,290)

 

1,290 

 

 

18.96 

 

 

 

 

 

Restricted stock (1)

 

(54)

 

 -

 

 

 -

 

 

 

 

 

Exercised

 

 -

 

(1,444)

 

 

13.72 

 

 

 

 

 

Forfeited (2)

 

241 

 

(240)

 

 

15.91 

 

 

 

 

 

Expired

 

446 

 

(446)

 

 

18.85 

 

 

 

 

 

Options outstanding at May 25, 2019

 

1,595 

 

6,029 

 

$

15.95 

 

6.06 

 

$

5,482 

Exercisable at May 25, 2019

 

 

 

3,547 

 

$

15.09 

 

4.30 

 

$

5,051 

Vested and expected to vest at May 25, 2019 (3)

 

 

 

5,789 

 

$

15.86 

 

5.93 

 

$

5,472 

 



(1)Amounts represent restricted shares granted. Share-based awards available for grant are reduced by 2.5 shares for each share awarded as stock grants from the 2014 Plan.



(2)Amounts represent both stock options and restricted share awards forfeited.



(3)The expected to vest options are the result of applying the pre-vesting forfeiture rate assumptions to options not yet vested of 2,481,959 and 2,366,237 as of May 25, 2019 and May 26, 2018, respectively.

Summary Of Impact Of Stock Based Compensation Plans



 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

For the Years Ended



 

May 25,

 

May 26,

 

May 27,

 

 

2019

 

2018

 

2017

Income before income taxes

 

$

(6,570)

 

$

(6,033)

 

$

(6,068)

Net income

 

$

(6,539)

 

$

(5,697)

 

$

(3,962)

Net income per share:

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.21)

 

$

(0.19)

 

$

(0.12)

Diluted

 

$

(0.20)

 

$

(0.18)

 

$

(0.12)



Schedule Of Share-Based Payment Award, Valuation Assumptions



 

 

 

 

 



 

 

 

 

 

 

For the Years Ended

 

May 25, 2019

 

May 26, 2018

 

May 27, 2017

Expected volatility

31.6% - 34.7%

 

30.3% - 34.5%

 

34.6% - 38.4%

Risk-free interest rate

3.1% - 3.2%

 

2.1% - 2.4%

 

1.3% - 1.6%

Expected dividends

3.2%

 

3.1%

 

3.0%

Expected life

5.7 - 8.3 years

 

5.7 - 8.2 years

 

5.6 - 8.1 years



Summary Of Unvested Restricted Shares Outstanding



 

 



 

Total Number



 

Total Number of Shares

Unvested restricted shares outstanding at May 26, 2018

 

234,858 

Granted

 

21,537 

Vested

 

(97,017)

Forfeited

 

(452)

Unvested restricted shares outstanding at May 25, 2019

 

158,926