Shareholders’ Equity and Stock-Based Compensation (Tables)

12 Months Ended

May 30, 2013

Stockholders Equity And Share Based Compensation [Abstract]

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The Company estimated the fair value of stock options using the Black-Scholes option pricing model with the following assumptions used for awards granted during fiscal 2013, 2012, and 2011:

	Year Ended May 30, 2013		Year Ended May 31, 2012		Year Ended May 26, 2011
Risk-free interest rate		0.48 – 1.33%		0.96 – 2.69%		1.4 – 2.8%
Dividend yield		2.8%		2.9%		2.8%
Volatility		49 – 62%		48 – 63%		49 – 61%
Expected life		4 – 9 years		4 – 9 years		4 – 9 years

Schedule of Share-based Compensation, Stock Options, Activity

A summary of the Company’s stock option activity and related information follows:

	May 30, 2013				May 31, 2012				May 26, 2011
			Weighted-				Weighted-				Weighted-
			Average				Average				Average
			Exercise				Exercise				Exercise
	Options		Price		Options		Price		Options		Price
	(options in thousands)
Outstanding at beginning     of year		2,006	$	13.91		1,873	$	14.31		1,729	$	14.33
Granted		306		13.12		328		10.00		314		11.87
Exercised		(202)		10.82		(121)		10.61		(120)		8.71
Forfeited		(161)		14.48		(74)		11.98		(50)		13.31
Outstanding at end of     year		1,949	$	14.03		2,006	$	13.91		1,873	$	14.31
Exercisable at end of     year		1,113	$	15.47		1,122	$	15.13		999	$	14.46
Weighted-average fair     value of options     granted during year			$	5.20			$	3.96			$	4.85

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range

Additional information related to these options segregated by exercise price range is as follows:

	Exercise Price Range
	$8.52 to $12.71		$12.72 to $17.73		$17.74 to $23.37
	(options in thousands)
Options outstanding		548		1,101		300
Weighted-average exercise price of options outstanding	$	10.84	$	13.95	$	20.12
Weighted-average remaining contractual life of options outstanding		7.2		5.6		3.6
Options exercisable		145		668		300
Weighted-average exercise price of options exercisable	$	11.42	$	14.26	$	20.12

Schedule of Nonvested Share Activity

A summary of the Company’s non-vested stock activity and related information follows:

	May 30, 2013				May 31, 2012				May 26, 2011
	Shares		Weighted- Average Fair Value		Shares		Weighted- Average Fair Value		Shares		Weighted- Average Fair Value
Outstanding at beginning     of year		86	$	12.37		94	$	14.55		73	$	16.00
Granted		28		13.65		24		10.98		23		10.42
Vested		(17)		11.36		(32)		17.57		(2)		20.26
Forfeited		–		–		–		–		–		–
Outstanding at end of year		97	$	12.92		86	$	12.37		94	$	14.55