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Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Feb. 28, 2016
Mar. 01, 2015
Feb. 28, 2016
Mar. 01, 2015
Product sales $ 129,990,000 $ 138,530,000 $ 405,786,000 $ 404,809,000
Cost of product sales 117,059,000 121,645,000 357,613,000 358,071,000
Gross profit 12,931,000 16,885,000 48,173,000 46,738,000
Operating costs and expenses:        
Research and development 1,895,000 1,755,000 5,413,000 5,375,000
Selling, general and administrative 10,659,000 $ 10,298,000 35,638,000 $ 29,106,000
Impairment of GreenLine tradename 34,000,000 34,000,000
Total operating costs and expenses 46,554,000 $ 12,053,000 75,051,000 $ 34,481,000
Operating (loss) income (33,623,000) 4,832,000 (26,878,000) 12,257,000
Dividend income 413,000 413,000 1,238,000 1,015,000
Interest income 17,000 85,000 64,000 269,000
Interest expense $ (484,000) (510,000) (1,425,000) (1,365,000)
Other income 1,307,000 1,000,000 2,707,000
Net (loss) income before taxes $ (33,677,000) 6,127,000 (26,001,000) 14,883,000
Income tax benefit (expense) 12,510,000 (2,324,000) 9,750,000 (5,409,000)
Consolidated net (loss) income (21,167,000) 3,803,000 (16,251,000) 9,474,000
Non-controlling interest (23,000) (31,000) (119,000) (126,000)
Net (loss) income and comprehensive (loss) income applicable to common stockholders $ (21,190,000) $ 3,772,000 $ (16,370,000) $ 9,348,000
Basic net (loss) income per share (in dollars per share) $ (0.78) $ 0.14 $ (0.61) $ 0.35
Diluted net (loss) income per share (in dollars per share) $ (0.78) $ 0.14 $ (0.61) $ 0.34
Shares used in per share computation        
Basic (in shares) 27,054 26,886 27,026 26,863
Diluted (in shares) 27,054 27,363 27,026 27,314