Discontinued Operations (Tables)

12 Months Ended

May 28, 2023

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

The key components of loss from discontinued operations for the fiscal years ended May 28, 2023, May 29, 2022, and May 30, 2021 were as follows (in thousands):

	Year Ended
	May 28, 2023		May 29, 2022		May 30, 2021
			As Restated		As Restated
Product sales	$	49,988	$	261,311	$	443,779
Cost of product sales	51,175		248,670		401,775
Gross profit	(1,187)		12,641		42,004
Operating costs and expenses:
Research and development	220		2,441		3,538
Selling, general and administrative	10,143		24,423		38,100
Impairment of goodwill and long-lived and indefinite-lived assets	1,300		78,146		—
Legal settlement charge	407		—		1,763
Loss on Sale of Eat Smart	—		336		—
Loss on Sale of Yucatan	20,663		—		—
Loss on Sale of O Olive	319		—		—
Gain on Sale of BreatheWay	—		—		—
Restructuring costs	1,255		6,542		3,935
Total operating costs and expenses	34,307		111,888		47,336
Operating loss	(35,494)		(99,247)		(5,332)
Dividend income	—		—		—
Interest expenses	—		(2,682)		(4,957)
Other expense, net	167		—		—
Loss from discontinued operations before taxes	(35,327)		(101,929)		(10,289)
Income tax benefit	—		690		1,432
Loss from discontinued operations, net of tax	$	(35,327)	$	(101,239)	$	(8,857)

The carrying amounts of the major classes of assets and liabilities of O Olive and Yucatan businesses included in assets and liabilities of discontinued operations are as follows (in thousands):

	May 29, 2022
	As Restated
ASSETS
Cash and cash equivalents	$	652
Accounts receivable, less allowance for credit losses	9,336
Inventories	26,012
Prepaid expenses and other current assets	3,310
Total current assets, discontinued operations	39,310
Property and equipment, net	3,896
Operating lease right-of-use assets	2,933
Trademarks/tradenames, net	4,500
Customer relationships, net	1,400
Other assets	113
Total other assets, discontinued operations	12,842
Total assets, discontinued operations	$	52,152
LIABILITIES
Accounts payable	$	2,850
Accrued compensation	297
Other accrued liabilities	939
Current portion of lease liabilities	658
Total current liabilities, discontinued operations	4,744
Long-term lease liabilities	2,325
Non-current liabilities, discontinued operations	2,325
Total liabilities, discontinued operations	$	7,069