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Income Taxes (Tables) | 12 Months Ended
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May 28, 2022
Income Taxes [Abstract] |
Schedule Of Current And Deferred Income Tax Provision For Federal, State And Foreign Income Taxes Attributable To Operations |
|  | For the Years Ended
|  | May 28, |  | May 29, |  | May 30,
|  | 2022 |  | 2021 |  | 2020
Current: |  |  |  |  |  |  |  |  |
Federal |  | $ | 20,210 |  | $ | (19,790) |  | $ | 3,038
State |  |  | 4,131 |  |  | 3,256 |  |  | 1,302
Foreign |  |  | 2,464 |  |  | 1,769 |  |  | 1,686
|  |  | 26,805 |  |  | (14,765) |  |  | 6,026
Deferred: |  |  |  |  |  |  |  |  |
Federal |  |  | (5,838) |  |  | 13,509 |  |  | 874
State |  |  | 1,884 |  |  | (1,341) |  |  | 245
Foreign |  |  | (7,058) |  |  | 52 |  |  | (202)
|  |  | (11,012) |  |  | 12,220 |  |  | 917
Income tax expense (benefit) |  | $ | 15,793 |  | $ | (2,545) |  | $ | 6,943
Schedule Of Income Before Provision For Income Taxes |
|  | For the Years Ended
|  | May 28, |  | May 29, |  | May 30,
|  | 2022 |  | 2021 |  | 2020
Domestic |  | $ | 68,416 |  | $ | 23,598 |  | $ | 36,148
Foreign |  |  | 14,552 |  |  | (914) |  |  | (920)
Income before income tax expense (benefit) |  | $ | 82,968 |  | $ | 22,684 |  | $ | 35,228
Schedule Of Effective Income Tax Rate Reconciliation |
|  | For the Years Ended
|  | May 28, |  | May 29, |  | May 30,
|  | 2022 |  | 2021 |  | 2020
Statutory tax rate |  | 21.0 | % |  | 21.0 | % |  | 21.0 | %
State taxes, net of federal benefit |  | 5.7 |  |  | 9.0 |  |  | 3.6 |
Non-U.S. rate adjustments |  | 0.7 |  |  | 3.1 |  |  | 0.9 |
Stock-based compensation |  | 0.3 |  |  | 6.0 |  |  | 3.2 |
Valuation allowance |  | (6.5) |  |  | 7.8 |  |  | 4.1 |
Global Intangible Low-Taxed Income, net of credits |  | 0.3 |  |  | - |  |  | 0.9 |
Worthless stock deduction |  | (3.2) |  |  | - |  |  | (14.8) |
Worthless debt deduction |  | - |  |  | - |  |  | (2.6) |
FIN48 |  | - |  |  | 0.1 |  |  | 1.6 |
Permanent items |  | 1.0 |  |  | 0.8 |  |  | 2.0 |
Deferred tax impact of foreign rate changes |  | (0.2) |  |  | (1.9) |  |  | (0.2) |
Prior year true-ups |  | 0.1 |  |  | (3.8) |  |  | - |
Prior year interest and penalty |  | - |  |  | 3.1 |  |  | - |
Federal rate benefit on NOL carryback |  | (0.3) |  |  | (56.3) |  |  | - |
Other, net |  | 0.1 |  |  | (0.1) |  |  | - |
Effective tax rate |  | 19.0 | % |  | (11.2) | % |  | 19.7 | %
Schedule Of The Components Of Net Deferred Tax Asset (Liability) |
|  | As of |  | As of
|  | May 28, |  | May 29,
|  | 2022 |  | 2021 (1)
Deferred tax assets: |  |  |  |  |  |
Allowance for doubtful accounts |  | $ | 335 |  | $ | 268
Accrued compensation |  |  | 5,113 |  |  | 4,567
Accrued expenses |  |  | 1,513 |  |  | 2,947
Lease liability |  |  | 5,482 |  |  | 8,025
Stock options and restricted stock |  |  | 4,150 |  |  | 4,435
Foreign tax credit |  |  | 557 |  |  | 557
Net operating losses |  |  | 16,550 |  |  | 16,931
State taxes |  |  | 254 |  |  | 210
Property and equipment |  |  | 356 |  |  | 410
Gross deferred tax asset |  |  | 34,310 |  |  | 38,350
Valuation allowance |  |  | (8,249) |  |  | (13,263)
Gross deferred tax asset, net of valuation allowance |  |  | 26,061 |  |  | 25,087
Deferred tax liabilities: |  |  |  |  |  |
ROU asset |  |  | (4,399) |  |  | (6,477)
Outside basis difference - Sweden investment |  |  | (259) |  |  | (259)
IRC Section 481(a) adjustment |  |  | (8,292) |  |  | (16,786)
Goodwill and intangibles |  |  | (19,273) |  |  | (18,256)
Net deferred tax liability |  | $ | (6,162) |  | $ | (16,691)
(1) Prior year amounts have been reclassified and presented separately for the impact from lease liability and ROU asset to be comparable with the current year presentation. There is no change in the resulting net deferred tax liability as reported in the prior year.
Summary Of Net Operating Loss Expiration Periods |
Expiration Periods | Amount of Net Operating Losses
Fiscal Years Ending: |
2025 | $ | 42
2026 |  | 450
2027 |  | 699
2028-2031 |  | 669
Unlimited |  | 62,407
Total | $ | 64,267
Summary Of Activity In Valuation Allowance |
|  |  |  |  |  |  |  | Currency |  |  |
|  | Beginning |  | Charged to |  | Rate |  | Ending
|  | Balance |  | Operations |  | Changes |  | Balance
Years Ended: |  |  |  |  |  |  |  |  |  |  |  |
May 30, 2020 |  | $ | 13,190 |  | $ | (1,919) |  | $ | (202) |  | $ | 11,069
May 29, 2021 |  | $ | 11,069 |  | $ | 951 |  | $ | 1,243 |  | $ | 13,263
May 28, 2022 |  | $ | 13,263 |  | $ | (3,152) |  | $ | (1,862) |  | $ | 8,249
Summary Of The Activity Related To Gross Unrecognized Tax Benefits |
|  | For the Years Ended
|  | May 28, |  | May 29,
|  | 2022 |  | 2021
Unrecognized tax benefits, beginning of year |  | $ | 872 |  | $ | 848
Gross increases -tax positions in prior period |  |  | 36 |  |  | 24
Gross increases-tax positions in current period |  |  | - |  |  | -
Unrecognized tax benefits, end of year |  | $ | 908 |  | $ | 872

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