XML 42 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements Of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Mar. 01, 2014
Mar. 02, 2013
Mar. 01, 2014
Mar. 02, 2013
Condensed Consolidated Statements Of Income [Abstract]        
Net sales $ 395,522 $ 360,373 $ 1,069,325 $ 962,171
Cost of sales 303,627 293,326 857,852 799,111
Gross profit 91,895 67,047 211,473 163,060
Selling, general and administrative expense 45,299 36,136 112,949 96,186
Operating income 46,596 30,911 98,524 66,874
Other income (expense):        
Interest expense, net (563) (963) (2,049) (2,849)
Royalty income 1,037 2,013 3,449 3,492
Patronage dividends 5,841 11,504 6,093 14,267
Equity in income of affiliates 1,530 2,037 2,484 2,880
Other 4,158 380 4,795 (1,684)
Nonoperating income (expense), total 12,003 14,971 14,772 16,106
Income before income taxes and noncontrolling interest 58,599 45,882 113,296 82,980
Income tax expense 15,643 15,335 35,195 28,583
Net income before noncontrolling interest 42,956 30,547 78,101 54,397
Less: Net income (loss) attributable to noncontrolling interest 103 (4) 386 141
Net income attributable to Cal-Maine Foods, Inc. $ 42,853 $ 30,551 $ 77,715 $ 54,256
Net income per common share attributable to Cal-Maine Foods Inc.:        
Basic $ 1.78 $ 1.27 $ 3.23 $ 2.26
Diluted $ 1.77 $ 1.27 $ 3.22 $ 2.26
Dividends per common share $ 0.591 [1] $ 0.423 [1] $ 1.020 [1] $ 0.753 [1]
Weighted average shares outstanding:        
Basic 24,047 24,035 24,061 23,966
Diluted 24,162 24,104 24,155 24,013
[1] Dividends per common share = 1/3 of Net income (loss) attributable to Cal-Maine Foods, Inc. available for dividend ÷ Total common stock outstanding (shares)