Significant Accounting and Reporting Policies (Tables)

12 Months Ended

May 30, 2020

Accounting Policies [Abstract]

Schedule of Goodwill and Indefinite-lived Intangibles

Goodwill and other indefinite-lived assets included in the Consolidated Balance Sheets consist of the following:

(In millions)	Goodwill			Indefinite-lived Intangible Assets			Total Goodwill and Indefinite-lived Intangible Assets
Balance, June 2, 2018	$	304.1		$	78.1		$	382.2
Foreign currency translation adjustments	(0.3		)	—			(0.3		)
Balance, June 2, 2019	$	303.8		$	78.1		$	381.9
Foreign currency translation adjustments	(0.9		)	(0.5		)	(1.4		)
Acquisition of HAY	111.1			60.0			171.1
Acquisition of naughtone	57.5			8.5			66.0
Impairment charges	(125.5		)	(53.3		)	(178.8		)
Balance, May 30, 2020	$	346.0		$	92.8		$	438.8

Schedule of Property and Equipment

The following table summarizes our property as of the dates indicated:

(In millions)	May 30, 2020			June 1, 2019
Land and improvements	$	23.7		$	24.2
Buildings and improvements	266.5			267.6
Machinery and equipment	791.9			733.0
Construction in progress	29.2			59.9
Accumulated depreciation	(780.5		)	(736.1		)
Property and equipment, net	$	330.8		$	348.6

Schedule of Finite-Lived Intangible Assets by Major Class

Refer to the following table for the combined gross carrying value and accumulated amortization for these amortizable intangibles.

	May 30, 2020
(In millions)	Patent and Trademarks		Customer Relationships		Other		Total
Gross carrying value	$	41.7	$	118.7	$	14.7	$	175.1
Accumulated amortization	14.4		38.3		10.0		62.7
Net	$	27.3	$	80.4	$	4.7	$	112.4
	June 1, 2019
	Patent and Trademarks		Customer Relationships		Other		Total
Gross carrying value	$	20.1	$	55.2	$	12.0	$	87.3
Accumulated amortization	12.5		27.6		6.1		46.2
Net	$	7.6	$	27.6	$	5.9	$	41.1

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Estimated amortization expense on existing amortizable intangible assets as of May 30, 2020, for each of the succeeding five fiscal years, is as follows:

(In millions)
2021	$	14.9
2022	$	14.9
2023	$	14.4
2024	$	14.2
2025	$	13.3

Schedule of Self Insurance Retention Levels

The Company's retention levels designated within significant insurance arrangements as of May 30, 2020, are as follows:

(In millions)	Retention Level (per occurrence)
General liability	$	1.00
Auto liability	$	1.00
Workers' compensation	$	0.75
Health benefit	$	0.50