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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Nov. 26, 2022
Nov. 27, 2021
Cash flows from operating activities:    
Net income (loss) $ 323,428 $ (16,881)
Depreciation and amortization 34,729 33,969
Deferred income taxes (540) (15,995)
Other adjustments, net (12,830) (16,585)
Net cash provided by (used in) operations 344,787 (15,492)
Cash flows from investing activities:    
Purchases of investment securities (152,365) (26,387)
Sales and maturities of investment securities 65,279 67,864
Distributions from unconsolidated entities 0 400
Acquisition of business, net of cash acquired 0 (44,823)
Purchases of property, plant and equipment (59,709) (28,647)
Net proceeds from disposal of property, plant and equipment 92 5,338
Net cash used in investing activities (146,703) (26,255)
Cash flows from financing activities:    
Payments of dividends (78,394) 0
Purchase of common stock by treasury (45) (18)
Principal payments on finance lease (94) (106)
Contributions 0 3
Net cash used in financing activities (78,533) (121)
Net change in cash and cash equivalents 119,551 (41,868)
Cash and cash equivalents at beginning of period 59,084 57,352
Cash and cash equivalents at end of period $ 178,635 $ 15,484