XML 32 R22.htm IDEA: XBRL DOCUMENT v3.7.0.1
Accrued Dividends Payable And Dividends per Common Share (Tables)
9 Months Ended
Feb. 25, 2017
Earnings Per Share Reconciliation [Abstract]  
Schedule Of Dividends Per Common Share
On our condensed consolidated statement of operations, we determine dividends per common share in accordance with the computation in the following table (in thousands, except per share data):

 
13 Weeks Ended
 
39 Weeks Ended

 
February 25, 2017
 
February 27, 2016
 
February 25, 2017
 
February 27, 2016
Net income (loss) attributable to Cal-Maine Foods, Inc.
 
$
4,139

 
$
64,164

 
$
(49,807
)
 
$
316,417


 
 

 
 

 
 
 
 
1/3 of net income attributable to Cal-Maine Foods, Inc. available for dividend
 

 
21,388

 

 
105,472


 
 

 
 

 
 
 
 
Common stock outstanding (shares)
 
43,777

 
43,738

 
 
 
 
Class A common stock outstanding (shares)
 
4,800

 
4,800

 
 
 
 
Total common stock outstanding (shares)
 
48,577

 
48,538

 
 
 
 

 
 

 
 

 
 
 
 
Dividends per common share*
 
$

 
$
0.441

 
$

 
$
2.175


*Dividends per common share = 1/3 of Net income (loss) attributable to Cal-Maine Foods, Inc. available for dividend ÷ Total common stock outstanding (shares). At February 25, 2017 , cumulative losses that must be recovered prior to paying a dividend were $50.2 million.