Net Income per Common Share

12 Months Ended

May 30, 2020

Earnings Per Share [Abstract]

Net Income per Common Share

Net Income per Common ShareBasic net income per share attributable to Cal-Maine is based on the weighted average Common Stock and Class A Common Stock outstanding. Diluted net income per share attributable to Cal-Maine is based on weighted-average common shares outstanding during the relevant period adjusted for the dilutive effect of share-based awards.

The following table provides a reconciliation of the numerators and denominators used to determine basic and diluted net income per common share attributable to Cal-Maine (amounts in thousands, except per share data):

	May 30, 2020		June 1, 2019		June 2, 2018
Numerator
Net income	$	18,328	$	55,062	$	126,196
Less:  Net income (loss) attributable to noncontrolling interest	(63)		833		264
Net income attributable to Cal-Maine Foods, Inc.	$	18,391	$	54,229	$	125,932
Denominator
Weighted-average common shares outstanding, basic	48,467		48,467		48,353
Effect of dilutive securities of restricted shares	117		122		115
Weighted-average common shares outstanding, diluted	48,584		48,589		48,468
Net income (loss) per common share attributable to Cal-Maine Foods, Inc.
Basic	$	0.38	$	1.12	$	2.60
Diluted	$	0.38	$	1.12	$	2.60