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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 02, 2018
Jun. 03, 2017
May 28, 2016
Cash flows from operating activities      
Net income (loss), including noncontrolling interests $ 126,196 $ (74,427) $ 318,047
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 54,026 49,113 44,592
Deferred income taxes (33,809) 14,833 19,392
Equity in income of affiliates (3,517) (1,390) (5,016)
(Gain) loss on disposal of property, plant and equipment 472 3,664 (1,563)
Stock compensation expense, net of amounts paid 3,467 3,427 3,071
Recovery of note receivable 0 0 (798)
Amortization of investment securities 1,680 3,398 6,599
Other 71 (209) 0
Change in operating assets and liabilities, net of effects from acquisitions:      
(Increase) decrease in receivables and other assets 31,403 (37,222) 21,160
(Increase) decrease in inventories (7,952) 2,386 (8,539)
Increase (decrease) in accounts payable, accrued expenses and other liabilities 28,378 (9,491) (8,508)
Net cash provided by (used in) operating activities 200,415 (45,918) 388,437
Cash flows from investing activities      
Purchases of investments securities (275,287) (29,849) (403,204)
Sales and maturities of investment securities 127,664 248,292 285,853
Acquisition of businesses, net of cash acquired 0 (85,822) 0
Investment in Red River Valley Egg Farm LLC (4,100) (19,900) (33,959)
Payments received on notes receivable and from investments in affiliates 6,581 6,586 5,427
Purchases of property, plant and equipment (19,671) (66,657) (76,125)
Net proceeds from disposal of property, plant and equipment 963 84 2,860
Net cash provided by (used in) investing activities (163,850) 52,734 (219,148)
Cash flows from financing activities      
Principal payments on long-term debt (4,849) (16,510) (25,290)
Contributions from (distributions to) noncontrolling interest partners (279) 73 918
Purchase of common stock by treasury (including tax benefit on nonqualifying disposition of incentive stock options) (1,128) (1,715) (1,760)
Payments of dividends 0 0 (120,942)
Net cash used in financing activities (5,698) (18,298) (148,910)
Increase (decrease) in cash and cash equivalents 30,867 (11,482) 20,379
Cash and cash equivalents at beginning of year 17,564 29,046 8,667
Cash and cash equivalents at end of year 48,431 17,564 29,046
Supplemental cash flow information:      
Income taxes paid (refunds received), net (45,101) (15,233) 166,840
Interest (net of amount capitalized) $ 265 $ 317 $ 1,067