Noncontrolling Interest

9 Months Ended

Feb. 25, 2012

12. Noncontrolling Interest

The following reflects the equity activity, including our noncontrolling interest, for the thirty-nine week period ended February 25, 2012:


(in thousands)	Cal-Maine Foods, Inc.														Noncontrolling Interest		Total Equity
	Common Stock									Accumulated Other Comprehensive Income (Loss)			Retained Earnings
	Amount		Class A Amount		Treasury Amount			Paid in Capital
																				Balance at May 28, 2011	$	351	$	24	$	(20,929	)	$	33,419	$	(320	)	$	406,361		$	(29	)	$	418,877
																				Dividends*														(17,463	)					(17,463	)
																				Issuance of common stock
from treasury						18			53									71
Tax benefit on non-qualifying disposition
of incentive stock options									225									225
Unrealized loss on available-for-sale
securities, net of tax											(647	)						(647	)
Net income														52,479		91		52,570

Balance at February 25, 2012	$	351	$	24	$	(20,911	)	$	33,697	$	(967	)	$	441,377	$	62	$	453,633

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* Dividends are calculated as 1/3 of net income (includes adjustment for actual dividends paid based on accrual from previous period).

- Definition

The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock.

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