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Stockholders' Equity
9 Months Ended
Feb. 23, 2019
Stockholders' Equity [Abstract]  
Stockholders' Equity



7. Stockholders’ Equity

Stock Repurchase Program

In July 2015, the Company’s board of directors approved a stock repurchase program (the “July 2015 program”), authorizing the repurchase, at the discretion of the Company’s senior executives, of the Company’s common stock for 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 three months ended February 23, 2019, the Company purchased 558,755 shares of its common stock on the open market at an average price of $16.55 per share, for approximately $9.2 million, and during the nine months ended February 23, 2019, the Company purchased 1,365,203 shares of its common stock on the open market at an average price of $16.30 per share, for approximately $22.3 million.  As of February 23, 2019, approximately $97.7 million remained available for future repurchases of the Company’s common stock under the July 2015 program.