XML 44 R32.htm IDEA: XBRL DOCUMENT
v3.24.4

Stock-Based Compensation Plans (Tables) | 6 Months Ended
--- | ---
Nov. 23, 2024
Share-Based Payment Arrangement [Abstract] |
Summary of Stock Option Activity | The following table summarizes the stock option activity for the six months ended November 23, 2024 (in thousands, except weighted-average exercise price):
| Number of Options |  | Weighted-Average Exercise Price
Awards outstanding at May 25, 2024 | 2,185 |  | $ | 16.36 |
Exercised | — |  |  | $ | — |
Forfeited | — |  |  | $ | — |
Expired | (280) |  |  | $ | 13.14 |
Awards outstanding at November 23, 2024 | 1,905 |  | $ | 16.94 |
Exercisable at November 23, 2024 | 1,905 |  | $ | 16.94 |
Vested and expected to vest at November 23, 2024 (1) | 1,905 |  | $ | 16.94 |
(1)The options expected to vest are the result of applying the pre-vesting forfeiture rate assumptions to options not yet vested. As of November 23, 2024, all outstanding options have vested.
Summary of Unvested Restricted Stock Awards | The following table summarizes the activities for the unvested RSAs for the six months ended November 23, 2024 (in thousands, except weighted-average grant-date fair value):
| Shares |  | Weighted-Average Grant-Date Fair Value
Unvested at May 25, 2024 | 223 |  | $ | 15.84 |
Granted | 80 |  | $ | 9.08 |
Vested | (76) |  |  | $ | 16.75 |
Forfeited | — |  | $ | — |
Unvested as of November 23, 2024 | 227 |  | $ | 13.14 |
Expected to vest as of November 23, 2024 | 214 |  | $ | 13.04 |
Summary of Unvested Restricted Stock Unit Activity | The following table summarizes the activities for the unvested RSUs, including both equity- and liability-classified RSUs, for the six months ended November 23, 2024 (in thousands, except weighted-average grant-date fair value):
| Equity-Classified RSUs |  | Liability-Classified RSUs |  | Total RSUs
| Shares |  | Weighted-Average Grant-Date Fair Value |  | Shares |  | Weighted-Average Grant-Date Fair Value |  | Shares |  | Weighted-Average Grant-Date Fair Value
Unvested at May 25, 2024 | 615 |  | $ | 14.91 |  |  | 48 |  |  | $ | 15.64 |  |  | 663 |  |  | $ | 14.96 |
Granted (1) | 986 |  | $ | 10.09 |  |  | 4 |  |  | $ | 10.30 |  |  | 990 |  |  | $ | 10.09 |
Vested | (255) |  | $ | 14.53 |  |  | (4) |  | $ | 10.30 |  |  | (259) |  | $ | 14.46 |
Forfeited | — |  |  | $ | — |  |  | — |  | $ | — |  |  | — |  | $ | — |
Unvested as of November 23, 2024 | 1,346 |  | $ | 11.45 |  |  | 48 |  |  | $ | 15.64 |  |  | 1,394 |  |  | $ | 11.59 |
Expected to vest as of November 23, 2024 | 1,105 |  | $ | 11.47 |  |  | 48 |  |  | $ | 15.64 |  |  | 1,153 |  |  | $ | 11.64 |
(1)Dividend equivalents are included in the granted shares.
Summary of Unvested Performance Stock Units Activity | The following table summarizes the activities for the unvested PSUs for the six months ended November 23, 2024 (in thousands, except weighted-average grant-date fair value):
| Shares (1) |  | Weighted-Average Grant-Date Fair Value
Unvested at May 25, 2024 | 621 |  | $ | 16.15 |
Granted (2) | 338 |  | $ | 9.13 |
Vested | (164) |  |  | $ | 18.40 |
Forfeited | - |  | $ | - |
Unvested as of November 23, 2024 | 795 |  | $ | 12.76 |
Expected to vest as of November 23, 2024 | 737 |  | $ | 12.65 |
(1)Shares are presented in this table at the stated target, which represents the base number of shares that would vest over the applicable performance period. Actual shares that vest may be zero to 150% of the target based on the achievement of the specific company-wide performance targets. (2)Dividend equivalents are included in the granted shares.

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

X
- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock shares. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Subparagraph (c) -Paragraph 2 -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_NonvestedRestrictedStockSharesActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in outstanding nonvested performance-based units. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfNonvestedPerformanceBasedUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration