ACQUISITION (Tables)

12 Months Ended

May 27, 2017

Business Combinations [Abstract]

Schedule of fair value of assets acquired

The following table summarizes the fair values of the assets acquired at the date of the closing of the acquisition (in thousands): 

Accounts receivable	$	737
Inventories		1,420
Property, plant and equipment		230
Goodwill		6,332
Other intangibles		3,490
Net assets acquired	$	12,209

Schedule of proforma results of operations

The following unaudited pro forma information represents the Company’s results of operations as if the acquisitions had occurred as of June 1, 2014: 

$ in thousands, except per share amounts	For the year ended May 30, 2015
Net sales	$	145,136
Net loss	$	(3,666	)
Earnings per share:
Common shares - Basic	$	(0.27	)
Class B common shares - Basic	$	(0.24	)
Common shares - Diluted	$	(0.27	)
Class B common shares - Diluted	$	(0.24	)