Business Segment Reporting (Tables)

12 Months Ended

May 29, 2022

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 29, 2022		May 30, 2021
United States	$	115.0	$	105.3
Mexico	15.4		15.0
Total property and equipment, net	$	130.4	$	120.3

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 29, 2022		May 30, 2021		May 31, 2020
Switzerland	$	16.8	$	4.7	$	1.7
Canada	$	12.6	$	10.7	$	9.7
Czech Republic	$	3.5	$	3.5	$	1.4
United Kingdom	$	2.9	$	1.9	$	1.1
Ireland	$	2.2	$	2.0	$	4.0
Belgium	$	—	$	13.7	$	13.8
All Other Countries	$	2.0	$	1.9	$	2.2

Schedule of Segment Reporting Information, by Segment

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


Year Ended May 29, 2022	Lifecore		Curation Foods		Other		Total
Product sales	$	109,320	$	76,466	$	—	$	185,786
Gross profit	43,746		6,624		—		50,370
Net income (loss) from continuing operations	16,675		(30,429)		(32,522)		(46,276)
Loss from discontinued operations, net of tax	—		(48,114)		(3,041)		(51,155)
Identifiable assets	213,969		76,948		4,243		295,160
Depreciation and amortization	6,673		4,004		80		10,757
Capital expenditures	23,552		2,674		—		26,226

Interest income	72		—		9		81
Interest expense, net	—		(299)		(17,058)		(17,357)
Income tax (benefit) expense	5,266		(13,831)		2,726		(5,839)
Corporate overhead allocation	4,484		1,092		(5,576)		—

Year Ended May 30, 2021
Product sales	$	98,087	$	73,459	$	—	$	171,546
Gross profit	38,265		12,206		—		50,471
Net income (loss) from continuing operations	14,461		(357)		(23,673)		(9,569)
Loss from discontinued operations, net of tax	—		(23,096)		—		(23,096)
Identifiable assets	185,417		121,069		4,680		311,166
Depreciation and amortization	5,502		2,972		97		8,571
Capital expenditures	16,222		3,042		—		19,264

Interest income	—		—		48		48
Interest expense, net	—		(545)		(9,842)		(10,387)
Income tax (benefit) expense	4,568		(3,020)		(3,451)		(1,903)
Corporate overhead allocation	4,773		946		(5,719)		—

Year Ended May 31, 2020
Product sales	$	85,833	$	74,233	$	—	$	160,066
Gross profit	32,883		6,504		—		39,387
Net income (loss) from continuing operations	11,749		(17,728)		(15,892)		(21,871)
Loss from discontinued operations, net of tax	—		(16,320)		—		(16,320)
Identifiable assets	165,461		117,427		10,613		293,501
Depreciation and amortization	5,008		3,282		96		8,386
Capital expenditures	10,612		1,472		130		12,214

Interest income	—		6		66		72
Interest expense, net	—		(547)		(4,099)		(4,646)
Income tax (benefit) expense	3,346		(8,686)		(3,434)		(8,774)
Corporate overhead allocation	4,190		868		(5,058)		—