Stock Based Compensation

9 Months Ended

Feb. 26, 2022

Stock Based Compensation [Abstract]

Stock Based Compensation

Note 12 - Stock Based Compensation

Total stock-based compensation expense was $

3.0

 million and $

2.8

 million for the thirty-nine weeks ended February 26, 2022

and February 27, 2021, respectively.

Unrecognized compensation expense as a result of non-vested shares of restricted stock outstanding under the Amended and

Restated 2012 Omnibus Long-Term Incentive Plan at February 26, 2022 of $

8.1

 million will be recorded over a weighted

average period of

2.3

 years. Refer to Part II Item 8, Notes to Consolidated Financial Statements and Supplementary Data, Note

16: Stock Compensation Plans in our 2021 Annual Report for further information on our stock compensation plans.

The Company’s restricted share activity for the thirty-nine weeks ended February 26, 2022 follows:

Number of

Shares

Weighted

Average Grant

Date Fair Value

Outstanding, May 29, 2021

302,147

$

39.37

Granted

113,142

41.13

Vested

(90,778)

42.53

Forfeited

(3,932)

37.81

Outstanding, February 26, 2022

320,579

$

39.12