Business Segment Reporting (Tables)

12 Months Ended

May 30, 2021

Schedule of Property and Equipment, Net by Geographic Region

The following table presents our property and equipment, net by geographic region (in millions):


	Year Ended
Property and equipment, net	May 30, 2021		May 31, 2020
United States	$	167.7	$	179.1
Mexico	11.9		13.2
Total property and equipment, net	$	179.6	$	192.3

Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area

The Company’s international sales by geography are based on the billing address of the customer and were as follows (in millions):


	Year Ended
	May 30, 2021		May 31, 2020		May 26, 2019
Canada	$	60.9	$	76.4	$	83.6
Belgium	$	13.7	$	13.8	$	15.1
Switzerland	$	4.7	$	1.7	$	1.2
Czech Republic	$	3.5	$	1.4	$	0.0
Ireland	$	2.0	$	4.0	$	5.0
All Other Countries	$	5.1	$	4.7	$	3.9

Schedule of Segment Reporting Information, by Segment

Operations by segment consisted of the following (in thousands):


Year Ended May 30, 2021	Curation Foods		Lifecore		Other		Total
Product sales	$	446,074	$	98,087	$	—	$	544,161
Gross profit	43,209		38,265		—		81,474
Net income (loss) from continuing operations	(28,241)		14,461		(18,885)		(32,665)
Identifiable assets	197,660		185,417		119,847		502,924
Depreciation and amortization	12,410		5,502		96		18,008
Capital expenditures	7,547		16,222		—		23,769
Dividend income	1,125		—		—		1,125
Interest income	—		—		48		48
Interest expense, net	(5,502)		—		(9,842)		(15,344)
Income tax (benefit) expense	(8,918)		4,568		(3,451)		(7,801)
Corporate overhead allocation	5,734		4,773		(10,507)		—

Year Ended May 31, 2020
Product sales	$	504,533	$	85,833	$	—	$	590,366
Gross profit	42,105		32,883		—		74,988
Net income (loss) from continuing operations	(39,088)		11,749		(10,852)		(38,191)
Identifiable assets	249,217		165,461		126,635		541,313
Depreciation and amortization	13,240		5,008		96		18,344
Capital expenditures	15,944		10,612		130		26,686
Dividend income	1,125		—		—		1,125
Interest income	37		—		66		103
Interest expense, net	5,504		—		4,099		9,603
Income tax (benefit) expense	(13,028)		3,346		(3,434)		(13,116)
Corporate overhead allocation	5,908		4,190		(10,098)		—

Year Ended May 26, 2019
Product sales	$	481,686	$	75,873	$	—	$	557,559
Gross profit	49,305		31,698		—		81,003
Net income (loss) from continuing operations	(6,229)		12,070		(3,719)		2,122
Identifiable assets	367,352		145,558		6,181		519,091
Depreciation and amortization	10,360		4,140		730		15,230
Capital expenditures	30,583		12,965		1,186		44,734
Dividend income	1,650		—		—		1,650
Interest income	112		—		33		145
Interest expense, net	3,278		—		1,952		5,230
Income tax (benefit) expense	(1,373)		4,024		(1,133)		1,518
Corporate overhead allocation	5,837		3,901		(9,738)		—