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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 03, 2017
May 28, 2016
May 30, 2015
Cash flows from operating activities      
Net income (loss), including noncontrolling interests $ (74,427) $ 318,047 $ 162,281
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 49,113 44,592 40,708
Deferred income taxes 14,833 19,392 5,108
Equity in income of affiliates (1,390) (5,016) (2,657)
(Gain) loss on disposal of property, plant and equipment 3,664 (1,563) 568
Stock compensation expense, net of amounts paid 3,427 3,071 2,268
Recovery of note receivable 0 (798) (584)
Loss on fair value adjustment of contingent consideration 0 0 256
Other (209) 0 0
Change in operating assets and liabilities, net of effects from acquisitions:      
(Increase) decrease in receivables and other assets (37,222) 21,160 (18,961)
(Increase) decrease in inventories 2,386 (8,539) (143)
Increase (decrease) in accounts payable, accrued expenses and other liabilities (9,491) (8,508) 6,486
Net cash provided by (used in) operating activities (49,316) 381,838 195,330
Cash flows from investing activities      
Purchases of investments (29,849) (403,204) (202,506)
Sales of investments 251,690 292,452 146,779
Acquisition of businesses, net of cash acquired (85,822) 0 0
Payments received on notes receivable and from investments in affiliates 6,586 5,427 2,019
Purchases of property, plant and equipment (66,657) (76,125) (82,263)
Net proceeds from disposal of property, plant and equipment 84 2,860 2,499
Net cash provided by (used in) investing activities 56,132 (212,549) (141,632)
Cash flows from financing activities      
Principal payments on long-term debt (16,510) (25,290) (10,233)
Distributions to noncontrolling interest partners (73) (918) (940)
(Purchase of) proceeds from common stock by treasury (including tax benefit on nonqualifying disposition of incentive stock options) (1,715) (1,760) 531
Payments of dividends 0 (120,942) (48,910)
Net cash used in financing activities (18,298) (148,910) (59,552)
Increase (decrease) in cash and cash equivalents (11,482) 20,379 (5,854)
Cash and cash equivalents at beginning of year 29,046 8,667 14,521
Cash and cash equivalents at end of year 17,564 29,046 8,667
Supplemental cash flow information:      
Income taxes paid (refunds received), net (15,233) 166,840 75,533
Interest (net of amount capitalized) 317 1,067 2,313
Southwest Specialty Eggs, LLC      
Cash flows from investing activities      
Investment in joint ventures 0 0 (8,160)
Red River Valley Egg Farm, LLC      
Cash flows from investing activities      
Investment in joint ventures $ (19,900) $ (33,959) $ 0