Shareholders' Equity and Stock-Based Compensation (Tables)

12 Months Ended

May. 28, 2015

Stock holders Equity And Share Based Compensation [Abstract]

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The Company estimated the fair value of stock options using the Black-Scholes option pricing model with the following assumptions used for awards granted during fiscal 2015, 2014 and 2013:

	Year Ended			Year Ended			Year Ended
	May 28, 2015			May 29, 2014			May 30, 2013
Risk-free interest rate		1.31– 2.32	%		1.04 – 2.38	%		0.48 – 1.33	%
Dividend yield		2.5	%		2.7	%		2.8	%
Volatility		37 – 49	%		41 – 49	%		49 – 62	%
Expected life		4 – 9 years			4 – 9 years			4 – 9 years

Schedule of Share-based Compensation, Stock Options, Activity

A summary of the Company’s stock option activity and related information follows:

	May 28, 2015				May 29, 2014				May 30, 2013
			Weighted-				Weighted-				Weighted-
			Average				Average				Average
			Exercise				Exercise				Exercise
	Options		Price		Options		Price		Options		Price
	(options in thousands)
Outstanding at beginning of year		1,566	$	14.06		1,949	$	14.03		2,006	$	13.91
Granted		276		18.35		291		13.16		306		13.12
Exercised		(215)		13.81		(437)		12.81		(202)		10.82
Forfeited		(101)		15.87		(237)		14.16		(161)		14.48
Outstanding at end of year		1,526		14.75		1,566		14.06		1,949		14.03
Exercisable at end of year		840	$	14.90		909	$	15.29		1,113	$	15.47
Weighted-average fair value of options granted during year			$	5.98			$	4.52			$	5.20

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range

	Exercise Price Range
	$8.52 to		$12.72 to		$17.74 to
	$12.71		$17.73		$23.37
	(options in thousands)
Options outstanding		330		750		446
Weighted-average exercise price of options outstanding	$	10.87	$	13.86	$	19.13
Weighted-average remaining contractual life of options outstanding		5.6		5.8		6.0
Options exercisable		219		422		199
Weighted-average exercise price of options exercisable	$	11.03	$	14.45	$	20.12

Schedule of Nonvested Share Activity

summary of the Company’s non-vested stock activity and related information follows:

	May 28, 2015				May 29, 2014				May 30, 2013
			Weighted-				Weighted-				Weighted-
			Average Fair				Average Fair				Average Fair
	Shares		Value		Shares		Value		Shares		Value
	(shares in thousands)
Outstanding at beginning of year		98	$	13.61		97	$	12.92		86	$	12.37
Granted		30		19.38		37		14.14		28		13.65
Vested		(14)		11.72		(25)		12.01		(17)		11.36
Forfeited		–		–		(11)		12.93		–		–
Outstanding at end of year		114	$	15.39		98	$	13.61		97	$	12.92