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Summary of Significant Accounting Policies (Tables)

6 Months Ended

Nov. 23, 2024

Accounting Policies [Abstract]

Calculation of Net Income per Common Share

The following table summarizes the calculation of net (loss) income per common share for the three and six months ended November 23, 2024 and November 25, 2023 (in thousands, except per share amounts):

			Three Months Ended												Six Months Ended
			November 23, 2024						November 25, 2023						November 23, 2024						November 25, 2023
Net (loss) income			$	(68,715)					$	4,895					$	(74,422)					$	8,012
Weighted-average shares outstanding:
Basic weighted-average shares			33,046						33,409						33,226						33,410
Effect of dilutive shares:
Potentially dilutive stock options			—						52						—						89
Potentially dilutive employee stock purchase plan			—						—						—						—
Potentially dilutive restricted stock awards			—						62						—						58
Potentially dilutive restricted stock units			—						188						—						200
Potentially dilutive performance stock units			—						190						—						188
Diluted weighted-average shares outstanding			33,046						33,901						33,226						33,945
Net (loss) income per common share:
Basic			$	(2.08)					$	0.15					$	(2.24)					$	0.24
Diluted			$	(2.08)					$	0.14					$	(2.24)					$	0.24

Summary of Potentially Dilutive Shares Excluded From the Computation of Diluted Net Loss per Share

The following table sets forth the potentially dilutive shares excluded from the computation of the diluted net (loss) income per common share because their effect was anti-dilutive (in thousands):

			Three Months Ended												Six Months Ended
			November 23, 2024						November 25, 2023						November 23, 2024						November 25, 2023
Stock options			1,926						2,225						1,952						1,999
Employee stock purchase plan			41						22						7						—
Restricted stock awards			100						2						104						1
Restricted stock units			873						5						750						5
Performance stock units			—						—						—						—
Total			2,940						2,254						2,813						2,005

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- References

No definition available.

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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