XML 49 R34.htm IDEA: XBRL DOCUMENT v3.20.2
Stock-Based Compensation Plans (Tables)
 12 Months Ended
May 30, 2020
Stock-Based Compensation Plans [Abstract]  
Summary Of Stock Option Activity





 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



 

Share-Based

 

Number of

 

 

Weighted

 

Weighted Average

 

 

 



 

Awards

 

Shares

 

 

Average

 

Remaining

 

 

Aggregate



 

Available

 

Under

 

 

Exercise

 

Contractual Life

 

 

Intrinsic



 

for Grant

 

Option

 

 

Price

 

(in years)

 

 

Value

Awards outstanding at May 25, 2019

 

 1,595 

 

 6,029 

 

$

 15.95 

 

 6.06 

 

$

 5,482 

Granted, at fair market value

 

 (1,318)

 

 1,318 

 

 

 17.37 

 

 

 

 

 

Restricted stock (1)

 

 (71)

 

 -

 

 

 -

 

 

 

 

 

Exercised

 

 -

 

 (376)

 

 

 13.63 

 

 

 

 

 

Forfeited (2)

 

 639 

 

 (608)

 

 

 17.41 

 

 

 

 

 

Expired

 

 608 

 

 (608)

 

 

 17.90 

 

 

 

 

 

Awards outstanding at May 30, 2020

 

 1,453 

 

 5,755 

 

$

 16.07 

 

 6.18 

 

$

 -

Exercisable at May 30, 2020

 

 

 

 3,392 

 

$

 15.10 

 

 4.45 

 

$

 -

Vested and expected to vest at May 30, 2020 (3)

 

 

 

 5,566 

 

$

 16.00 

 

 6.04 

 

$

 -

 



(1)Amounts represent restricted shares granted. Share-based awards available for grant are reduced by 2.5 shares for each share awarded as stock grants from the 2014 Plan.



(2)Amounts represent both stock options and restricted share awards forfeited. For stock options, represent one share for each stock option forfeited. For restricted share awards, represents 2.5 shares for each restricted share award forfeited.



(3)The expected to vest options are the result of applying the pre-vesting forfeiture rate assumptions to options not yet vested of 2,391,052 and 2,481,959 as of May 30, 2020 and May 25, 2019, respectively.

Summary Of Impact Of Stock Based Compensation Plans



 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

For the Years Ended



 

May 30,

 

May 25,

 

May 26,

 

 

2020

 

2019

 

2018

Income before income taxes

 

$

 (6,057)

 

$

 (6,570)

 

$

 (6,033)

Net income

 

$

 (5,865)

 

$

 (6,539)

 

$

 (5,697)

Net income per share:

 

 

 

 

 

 

 

 

 

Basic

 

$

 (0.18)

 

$

 (0.21)

 

$

 (0.19)

Diluted

 

$

 (0.18)

 

$

 (0.20)

 

$

 (0.18)



Schedule Of Share-Based Payment Award, Valuation Assumptions



 

 

 

 

 



 

 

 

 

 

 

For the Years Ended

 

May 30, 2020

 

May 25, 2019

 

May 26, 2018

Expected volatility

30.9% - 32.9%

 

31.6% - 34.7%

 

30.3% - 34.5%

Risk-free interest rate

1.5% - 1.8%

 

3.1% - 3.2%

 

2.1% - 2.4%

Expected dividends

3.4% - 3.7%

 

3.2%

 

3.1%

Expected life

5.6 - 8.1 years

 

5.7 - 8.3 years

 

5.7 - 8.2 years



Summary Of Unvested Restricted Shares Outstanding



 

 



 

 



 

Total Number of Shares

Unvested restricted shares outstanding at May 25, 2019

 

 158,926 

Granted

 

 28,372 

Vested

 

 (84,891)

Forfeited

 

 (12,500)

Unvested restricted shares outstanding at May 30, 2020

 

 89,907