Goodwill and Other Intangible Assets

12 Months Ended

Jun. 03, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and other intangibles consisted of the following (in thousands):

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			Other Intangibles
			Franchise			Customer			Non-compete			Right of use			Water					Total other
	Goodwill		rights			relationships			agreements			intangible			rights		Trademark			intangibles
Balance May 30, 2015	$	29,196	$	870		$	5,773		$	48		$	149		$	720	$	—		$	7,560
Additions	—		—			—			—			—			—		—			—
Amortization	—		(473		)	(2,088		)	(20		)	(21		)	—		—			(2,602		)
Balance May 28, 2016	29,196		397			3,685			28			128			720		—			4,958
Additions	6,329		24,000			1,900			100			—			—		400			26,400
Amortization	—		(1,183		)	(925		)	(24		)	(62		)	—		(15		)	(2,209		)
Balance June 3, 2017	$	35,525	$	23,214		$	4,660		$	104		$	66		$	720	$	385		$	29,149

For the Other Intangibles listed above, the gross carrying amounts and accumulated amortization are as follows (in thousands):

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	June 3, 2017					May 28, 2016
	Gross carrying		Accumulated			Gross carrying		Accumulated
	amount		amortization			amount		amortization
Other intangible assets:
Franchise rights	$	29,284	$	(6,070	)	$	5,284	$	(4,887	)
Customer relationships	19,544		(14,884		)	17,644		(13,959		)
Non-compete agreements	200		(96		)	100		(72		)
Right of use intangible	191		(125		)	191		(63		)
Water rights *	720		—			720		—
Trademark	400		(15		)	—		—
Total	$	50,339	$	(21,190	)	$	23,939	$	(18,981	)


*	Water rights are an indefinite life intangible asset.

No significant residual value is estimated for these intangible assets. Aggregate amortization expense for the fiscal years ended 2017, 2016, and 2015 totaled $2.2 million, $2.6 million, and $2.9 million, respectively. The following table represents the total estimated amortization of intangible assets for the five succeeding years (in thousands):

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For fiscal period	Estimated amortization expense
2018	$	2,818
2019	2,790
2020	2,765
2021	2,228
2022	1,864
Thereafter	15,964
Total	$	28,429

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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