XML 78 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements Of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
May 31, 2014
Jun. 01, 2013
Jun. 02, 2012
Consolidated Statements Of Income [Abstract]      
Net sales $ 1,440,907 $ 1,288,104 $ 1,113,116
Cost of sales 1,138,143 1,073,555 911,334
Gross profit 302,764 214,549 201,782
Selling, general and administrative expense 156,712 126,956 113,130
Legal settlement expense (see Note 14)   28,000  
Operating income 146,052 59,593 88,652
Other income (expense):      
Interest expense (3,755) (4,488) (5,047)
Interest income 1,099 582 1,289
Distribution from Eggland’s BestTM (see Note 3 and 19)     38,343
Patronage dividends 6,139 14,300 6,607
Equity in income of affiliates 3,512 3,480 7,495
Other, net 8,795 2,101 1,738
Nonoperating income (expense), total 15,790 15,975 50,425
Income before income taxes and noncontrolling interest 161,842 75,568 139,077
Income tax expense 52,035 24,807 49,110
Net income including noncontrolling interest 109,807 50,761 89,967
Less: Net income attributable to noncontrolling interest 600 338 232
Net income attributable to Cal-Maine Foods, Inc. $ 109,207 $ 50,423 $ 89,735
Net income per share:      
Basic $ 4.54 $ 2.10 $ 3.76
Diluted $ 4.52 $ 2.10 $ 3.75
Weighted average shares outstanding:      
Basic 24,047 23,983 23,875
Diluted 24,148 24,044 23,942