SHARE-BASED EMPLOYEE COMPENSATION (Tables)

6 Months Ended

Nov. 29, 2011

SHARE-BASED EMPLOYEE COMPENSATION [Abstract]

The following table summarizes the activity in options for the 26 weeks ended November 29, 2011 under these stock option plans (in thousands except per-share data):

				Weighted-
				Average
	Options			Exercise Price
Balance at May 31, 2011		3,239		$	13.10
Granted		253			7.87
Exercised		(23	)		5.26
Forfeited		(65	)		28.84
Balance at November 29, 2011		3,404		$	12.47

Exercisable at November 29, 2011		2,327		$	14.30

Summary of restricted stock activity

The following table summarizes our restricted stock activity for the 26 weeks ended November 29, 2011 (in thousands except per-share data):

				Weighted-Average
	Restricted			Grant-Date
Performance-based vesting:	Stock			Fair Value
Non-vested at May 31, 2011		299		$	7.24
Granted		384			7.87
Vested		(242	)		7.39
Forfeited		–			–
Non-vested at November 29, 2011		441		$	7.70

				Weighted-Average
	Restricted			Grant-Date
Service-based vesting:	Stock			Fair Value
Non-vested at May 31, 2011		551		$	8.22
Granted		274			7.68
Vested		(122	)		8.02
Forfeited		(1	)		9.39
Non-vested at November 29, 2011		702		$	8.04