Income Taxes (Tables)

12 Months Ended

May 30, 2020

Income Tax Disclosure [Abstract]

Tax Expense by Jurisdiction

Income tax expense (benefit) consisted of the following: 

	Fiscal year ended
	May 30, 2020		June 1, 2019		June 2, 2018
Current:
Federal	$	(6,750)	$	8,160	$	18,560
State	(1,800)		1,460		6,390
	(8,550)		9,620		24,950
Deferred:
Federal	8,872		4,843		11,038
Enacted rate change	—		—		(42,973)
State	1,409		1,280		(1,874)
	10,281		6,123		(33,809)
	$	1,731	$	15,743	$	(8,859)

Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax liabilities and assets were as follows:

	May 30, 2020		June 1, 2019
Deferred tax liabilities:
Property, plant and equipment	$	60,645	$	49,275
Inventories	28,075		27,750
Investment in affiliates	8,099		7,609
Other comprehensive income	214		324
Other	5,002		2,596
Total deferred tax liabilities	102,035		87,554
Deferred tax assets:
Accrued expenses	3,376		2,170
State operating loss carryforwards	792		133
Other	5,099		2,654
Total deferred tax assets	9,267		4,957
Net deferred tax liabilities	$	92,768	$	82,597

Reconciliation of Effective Tax Expense

The differences between income tax expense (benefit) at the Company’s effective income tax rate and income tax expense at the statutory federal income tax rate were as follows:

	Fiscal year end
	May 30, 2020		June 1, 2019		June 2, 2018
Statutory federal income tax	$	4,226	$	14,694	$	34,105
State income taxes, net	(309)		2,164		3,200
Domestic manufacturers deduction	—		—		(2,545)
Enacted rate change	—		—		(42,973)
Tax exempt interest income	(111)		(197)		(101)
Benefit of net operating loss carryback provision	(2,357)		—		—
Other, net	282		(918)		(545)
	$	1,731	$	15,743	$	(8,859)