Goodwill and Intangible Assets (Tables)

12 Months Ended

May 29, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Changes of Goodwill

The following table presents the changes in goodwill during fiscal 2022 and fiscal 2021 (in thousands):

	2022		2021
Balance at beginning of year	$	33,916	$	33,916
Impairment	(20,035)		—
Balance at end of year	$	13,881	$	33,916

Schedule of Indefinite-Lived Intangible Assets

As of May 29, 2022 and May 30, 2021, the Company's intangible assets consisted of the following (in thousands):

		May 29, 2022				May 30, 2021
	Amortization Period (years)	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Customer relationships
Lifecore	12	$	3,700	$	3,700	$	3,700	$	3,418
Yucatan Foods (Curation Foods)	12	11,000		3,850		11,000		2,750
Total customer relationships		$	14,700	$	7,550	$	14,700	$	6,168
Trademarks/tradenames
Lifecore		$	4,200	$	—	$	4,200	$	—
O (Curation Foods)		500		—		500		—
Yucatan Foods (Curation Foods)		3,700		—		12,400		—
Total trademarks/tradenames		$	8,400	$	—	$	17,100	$	—
Total intangible assets		$	23,100	7,550		$	31,800	$	6,168

Schedule of Finite-Lived Intangible Assets

As of May 29, 2022 and May 30, 2021, the Company's intangible assets consisted of the following (in thousands):

		May 29, 2022				May 30, 2021
	Amortization Period (years)	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Customer relationships
Lifecore	12	$	3,700	$	3,700	$	3,700	$	3,418
Yucatan Foods (Curation Foods)	12	11,000		3,850		11,000		2,750
Total customer relationships		$	14,700	$	7,550	$	14,700	$	6,168
Trademarks/tradenames
Lifecore		$	4,200	$	—	$	4,200	$	—
O (Curation Foods)		500		—		500		—
Yucatan Foods (Curation Foods)		3,700		—		12,400		—
Total trademarks/tradenames		$	8,400	$	—	$	17,100	$	—
Total intangible assets		$	23,100	7,550		$	31,800	$	6,168

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The amortization expense for each year presented are as follows (in thousands):

Fiscal year 2023	$	1,100
Fiscal year 2024	1,100
Fiscal year 2025	1,100
Fiscal year 2026	1,100
Fiscal year 2027	1,100
Total	$	5,500