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Summary of Significant Accounting Policies (Tables) | 9 Months Ended
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Feb. 22, 2025
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 nine months ended February 22, 2025 and February 24, 2024 (in thousands, except per share amounts):
| Three Months Ended |  | Nine Months Ended |  |
| February 22, 2025 |  | February 24, 2024 |  | February 22, 2025 |  | February 24, 2024 |  |  |  |
Net (loss) income | $ | (44,052) |  | $ | 2,550 |  |  | $ | (118,474) |  | $ | 10,562 |  |  |  |  |
Weighted-average shares outstanding: |  |  |  |  |  |  |  |  |  |  |
Basic weighted-average shares | 32,938 |  | 33,463 |  | 33,130 |  | 33,428 |  |  |  |
Effect of dilutive shares: |  |  |  |  |  |  |  |  |  |  |
Potentially dilutive stock options | — |  | 43 |  | — |  | 76 |  |  |  |
Potentially dilutive employee stock purchase plan | — |  | 20 |  | — |  | 7 |  |  |  |
Potentially dilutive restricted stock awards | — |  | 16 |  | — |  | 56 |  |  |  |
Potentially dilutive restricted stock units | — |  | 52 |  | — |  | 183 |  |  |  |
Potentially dilutive performance stock units | — |  | 165 |  | — |  | 156 |  |  |  |
Diluted weighted-average shares outstanding | 32,938 |  | 33,759 |  | 33,130 |  | 33,906 |  |  |  |
Net (loss) income per common share: |  |  |  |  |  |  |  |  |  |  |
Basic | $ | (1.34) |  | $ | 0.08 |  | $ | (3.58) |  | $ | 0.32 |  |  |  |
Diluted | $ | (1.34) |  | $ | 0.08 |  | $ | (3.58) |  | $ | 0.31 |  |  |  |
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 |  | Nine Months Ended
| February 22, 2025 |  | February 24, 2024 |  | February 22, 2025 |  | February 24, 2024
Stock options | 1,849 |  | 2,034 |  | 1,918 |  | 1,924
Employee stock purchase plan | 12 |  | — |  | 5 |  | —
Restricted stock awards | 171 |  | 99 |  | 91 |  | —
Restricted stock units | 989 |  | 227 |  | 299 |  | 5
Total | 3,021 |  | 2,360 |  | 2,313 |  | 1,929

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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 + Details
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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 + Details
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