NEW ACCOUNTING PRONOUNCEMENTS

9 Months Ended

Feb. 24, 2013

New Accounting Pronouncements [Abstract]

New Accounting Pronouncements

(18) New Accounting Pronouncements

In the third quarter of fiscal 2013 we adopted new accounting guidance intended to simplify indefinite-lived intangible asset impairment testing. Entities are allowed to perform a qualitative assessment of indefinite-lived intangible asset impairment to determine whether a quantitative assessment is necessary. We adopted this guidance for our annual indefinite-lived intangible asset impairment test for fiscal 2013, which was conducted as of the first day of the third quarter. The adoption of this guidance did not have an impact on our results of operations or financial position.