SIGNIFICANT ACCOUNTING POLICIES AND DISCLOSURES (Tables)

12 Months Ended

May 27, 2017

Accounting Policies [Abstract]

Schedule of property, plant and equipment

Property, plant and equipment consist of the following (in thousands): 

	May 27,  2017			May 28,  2016
Land and improvements	$	1,301		$	1,301
Buildings and improvements		19,885			19,023
Computer and communications equipment		8,551			6,810
Construction in progress		2,063			2,721
Machinery and other equipment		10,387			8,080
	$	42,187		$	37,935
Accumulated depreciation		(26,374	)		(24,949	)
Property, plant, and equipment, net	$	15,813		$	12,986

Schedule of property plant and equipment estimated useful lives

Supplemental disclosure information of the estimated useful life of the assets:

Land improvements	10 years
Buildings and improvements	10 - 30 years
Computer and communications equipment	3 - 10 years
Machinery and other equipment	3 - 10 years

Schedule of accrued liabilities

Accrued liabilities consist of the following (in thousands):

	May 27, 2017		May 28, 2016
Compensation and payroll taxes	$	3,250	$	3,404
Accrued severance (1)		706		650
Professional fees		535		775
Deferred revenue		1,460		1,879
Other accrued expenses		2,360		2,427
Accrued Liabilities	$	8,311	$	9,135

(1)  In the second quarter of fiscal year 2017, the Company executed a reduction in headcount to streamline operations and reduce costs and recorded $1.3 million of expense included in selling, general and administrative expenses for employee termination costs payable to terminated employees with employment and/or separation agreements with the Company. The changes in the severance accrual for fiscal year 2017 included provisions and payments of $1.3 million and $1.2 million, respectively. 

Schedule of warranty reserve

Changes in the warranty reserve during fiscal 2017 and 2016 were as follows (in thousands):

	Warranty Reserve
Balance at May 30, 2015	$	188
Accruals for products sold		108
Utilization		(86	)
Balance at May 28, 2016	$	210
Accruals for products sold		89
Utilization		(78	)
Recovery		(115	)
Balance at May 27, 2017	$	106

Schedule of share-based compensation, stock options, activity

A summary of stock option activity is as follows (in thousands, except option prices and years):

	Number of Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life		Aggregate Intrinsic Value
Options Outstanding at May 31, 2014		1,065		$	10.37
Granted		225			9.92
Exercised		(47	)		6.53
Forfeited		(34	)		11.42
Cancelled		(72	)		11.19
Options Outstanding at May 30, 2015		1,137		$	10.35
Granted		122			5.88
Exercised		(28	)		5.18
Forfeited		(105	)		10.98
Cancelled		(107	)		9.97
Options Outstanding at May 28, 2016		1,019		$	9.93
Granted		190			6.90
Exercised		(5	)		5.61
Forfeited		(43	)		8.39
Cancelled		(88	)		11.17
Options Outstanding at May 27, 2017		1,073		$	9.38		6.0	$	85
Options Vested at May 27, 2017		628		$	10.21		4.4	$	68

Schedule of share-based payment award, stock options, valuation assumptions

The fair value of stock options is estimated using the Black-Scholes option-pricing model with the following weighted average assumptions:

	Fiscal Year Ended
	May 27,  2017			May 28,  2016			May 30,  2015
Expected volatility		25.41	%		32.21	%		46.12	%
Risk-free interest rate		1.46	%		1.78	%		2.12	%
Expected lives (years)		6.50			6.50			6.47
Annual cash dividend	$	0.24		$	0.24		$	0.24

Schedule of share-based compensation, shares outstanding under stock option plans, by exercise price range

The following table summarizes information about stock options outstanding at May 27, 2017 (in thousands, except option prices and years):

	Outstanding								Vested
Exercise Price Range	Shares		Weighted Average Exercise Price		Weighted Average Life		Aggregate Intrinsic Value		Shares		Weighted Average Exercise Price		Weighted Average Life		Aggregate Intrinsic Value
$5.03 to $8.58		429	$	6.28		6.5	$	85		168	$	5.84		2.6	$	68
$9.48 to $11.14		350	$	10.50		6.7	$	—		184	$	10.62		6.5	$	—
$11.50 to $13.76		294	$	12.55		4.3	$	—		276	$	12.60		4.2	$	—
Total		1,073	$	9.38		6.0	$	85		628	$	10.21		4.4	$	68

Schedule of earnings per share, basic and diluted

The per share amounts presented in the consolidated statements of comprehensive loss are based on the following (amounts in thousands, except per share amounts):

	For the Fiscal Year Ended
	May 27, 2017						May 28, 2016						May 30, 2015
	Basic			Diluted			Basic			Diluted			Basic			Diluted
Numerator for Basic and Diluted EPS:
Loss from continuing operations	$	(6,928	)	$	(6,928	)	$	(6,766	)	$	(6,766	)	$	(5,528	)	$	(5,528	)
Less dividends:
Common stock		2,567			2,567			2,615			2,615			2,794			2,794
Class B common stock		464			464			464			464			466			466
Undistributed losses	$	(9,959	)	$	(9,959	)	$	(9,845	)	$	(9,845	)	$	(8,788	)	$	(8,788	)
Common stock undistributed losses	$	(8,440	)	$	(8,440	)	$	(8,367	)	$	(8,367	)	$	(7,539	)	$	(7,539	)
Class B common stock undistributed losses		(1,519	)		(1,519	)		(1,478	)		(1,478	)		(1,249	)		(1,249	)
Total undistributed losses	$	(9,959	)	$	(9,959	)	$	(9,845	)	$	(9,845	)	$	(8,788	)	$	(8,788	)
Loss from discontinued operations	$	—		$	—		$	—		$	—		$	(31	)	$	(31	)
Less dividends:
Common stock		2,567			2,567			2,615			2,615			2,794			2,794
Class B common stock		464			464			464			464			466			466
Undistributed losses	$	(3,031	)	$	(3,031	)	$	(3,079	)	$	(3,079	)	$	(3,291	)	$	(3,291	)
Common stock undistributed losses	$	(2,567	)	$	(2,567	)	$	(2,615	)	$	(2,615	)	$	(2,823	)	$	(2,823	)
Class B common stock undistributed losses		(464	)		(464	)		(464	)		(464	)		(468	)		(468	)
Total undistributed losses	$	(3,031	)	$	(3,031	)	$	(3,079	)	$	(3,079	)	$	(3,291	)	$	(3,291	)
Net loss	$	(6,928	)	$	(6,928	)	$	(6,766	)	$	(6,766	)	$	(5,559	)	$	(5,559	)
Less dividends:
Common stock		2,567			2,567			2,615			2,615			2,794			2,794
Class B common stock		464			464			464			464			466			466
Undistributed losses	$	(9,959	)	$	(9,959	)	$	(9,845	)	$	(9,845	)	$	(8,819	)	$	(8,819	)
Common stock undistributed losses	$	(8,440	)	$	(8,440	)	$	(8,367	)	$	(8,367	)	$	(7,565	)	$	(7,565	)
Class B common stock undistributed losses		(1,519	)		(1,519	)		(1,478	)		(1,478	)		(1,254	)		(1,254	)
Total undistributed losses	$	(9,959	)	$	(9,959	)	$	(9,845	)	$	(9,845	)	$	(8,819	)	$	(8,819	)
Denominator for Basic and Diluted EPS:
Common stock weighted average shares		10,705			10,705			10,908			10,908			11,682			11,682
Class B common stock weighted average shares, and shares under if-converted method for diluted EPS		2,140			2,140			2,141			2,141			2,151			2,151
Effect of dilutive stock options					—						—						—
Denominator for diluted EPS adjusted for weighted average shares and assumed conversions					12,845						13,049						13,833
Loss from continuing operations per share:
Common stock	$	(0.55	)	$	(0.55	)	$	(0.53	)	$	(0.53	)	$	(0.41	)	$	(0.41	)
Class B common stock	$	(0.49	)	$	(0.49	)	$	(0.47	)	$	(0.47	)	$	(0.36	)	$	(0.36	)
Income from discontinued operations per share:
Common stock	$	—		$	—		$	—		$	—		$	—		$	—
Class B common stock	$	—		$	—		$	—		$	—		$	—		$	—
Net loss per share:
Common stock	$	(0.55	)	$	(0.55	)	$	(0.53	)	$	(0.53	)	$	(0.41	)	$	(0.41	)
Class B common stock	$	(0.49	)	$	(0.49	)	$	(0.47	)	$	(0.47	)	$	(0.36	)	$	(0.36	)

Note: Common stock options that were anti-dilutive and not included in diluted earnings per common share for fiscal 2017, fiscal 2016, and fiscal 2015 were 848; 890; and 881 respectively.