Lifecore Biomedical (LFCR) 10-K 11 Aug 17 2017 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($) $ in Thousands	12 Months Ended
	May 28, 2017	Jul. 24, 2017	Nov. 25, 2016
Document Information [Line Items]
Entity Registrant Name	LANDEC CORP \CA\
Entity Central Index Key	1,005,286
Trading Symbol	lndc
Current Fiscal Year End Date	--05-28
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		27,506,712
Entity Public Float			$ 297,199
Document Type	10-K
Document Period End Date	May 28, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	May 28, 2017	May 29, 2016	[1]
Current Assets:
Cash and cash equivalents	$ 5,409	$ 9,894
Accounts receivable, less allowance for doubtful accounts	47,083	46,406
Inventories	25,290	25,535
Prepaid expenses and other current assets	3,498	4,468
Total Current Assets	81,280	86,303
Investment in non-public company, fair value	63,600	62,700
Property and equipment, net	133,220	120,880
Goodwill, net	54,779	49,620
Trademarks/trade names, net	16,028	14,428
Customer relationships, net	6,783	6,968
Other assets	2,918	1,754
Total Assets	358,608	342,653
Current Liabilities:
Accounts payable	25,868	30,904
Accrued compensation	8,211	5,460
Other accrued liabilities	9,125	7,772
Deferred revenue	310	832
Line of credit	3,000	3,500
Current portion of long-term debt, net	4,940	7,873
Total Current Liabilities	51,454	56,341
Long-term debt, net	42,299	45,972
Capital lease obligation, less current portion	3,731	3,804
Deferred taxes, net	24,581	22,442
Other non-current liabilities	8,391	1,744
Total Liabilities	130,456	130,303
Stockholders’ Equity:
Common stock, $0.001 par value; 50,000,000 shares authorized; 27,499,155 and 27,148,096 shares issued and outstanding at May 28, 2017 and May 29, 2016, respectively	27	27
Additional paid-in capital	141,680	137,244
Retained earnings	84,470	73,457
Accumulated other comprehensive income	432
Total Stockholders’ Equity	226,609	210,728
Non-controlling interest	1,543	1,622
Total Equity	228,152	212,350
Total Liabilities and Stockholders’ Equity	$ 358,608	$ 342,653
[1]	Derived from audited financial statements. See Note 1 - Organization, Basis of Presentation, and Summary of Significant Accounting Policies for discussion of accounting guidance adopted during the period.

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares	May 28, 2017	May 29, 2016	[1]
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	50,000,000	50,000,000
Common stock, shares issued (in shares)	27,499,155	27,148,096
Common stock, shares outstanding (in shares)	27,499,155	27,148,096
[1]	Derived from audited financial statements. See Note 1 - Organization, Basis of Presentation, and Summary of Significant Accounting Policies for discussion of accounting guidance adopted during the period.

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) shares in Thousands	12 Months Ended
	May 28, 2017	May 29, 2016		May 31, 2015
Revenues	$ 532,257,000	$ 541,099,000		$ 539,257,000
Cost of product sales	449,071,000	470,142,000		473,850,000
Gross profit	83,186,000	70,957,000		65,407,000
Operating costs and expenses:
Research and development	9,473,000	7,228,000		6,988,000
Selling, general and administrative	55,628,000	49,515,000		39,958,000
Legal settlement charge	2,580,000
Impairment of GreenLine trade name	0	34,000,000	[1]		[1]
Total operating costs and expenses	67,681,000	90,743,000		46,946,000
Operating income (loss)	15,505,000	(19,786,000)		18,461,000
Dividend income	1,650,000	1,650,000		1,417,000
Interest income	16,000	71,000		315,000
Interest expense, net	(1,826,000)	(1,987,000)		(1,829,000)
Loss on debt refinancing	(1,233,000)		[1]		[1]
Other income	900,000	1,200,000		3,107,000
Net income (loss) before taxes	15,012,000	(18,852,000)		21,471,000
Income tax (expense) benefit	(4,335,000)	7,404,000		(7,746,000)
Consolidated net income (loss)	10,677,000	(11,448,000)	[1]	13,725,000	[1]
Non-controlling interest expense	(87,000)	(193,000)		(181,000)
Net income (loss) applicable to common stockholders	$ 10,590,000	$ (11,641,000)		$ 13,544,000
Basic net income (loss) per share (in dollars per share)	$ 0.39	$ (0.43)		$ 0.50
Diluted net income (loss) per share (in dollars per share)	$ 0.38	$ (0.43)		$ 0.50
Shares used in per share computation
Basic (in shares)	27,276	27,044		26,884
Diluted (in shares)	27,652	27,044		27,336
Other comprehensive income, net of tax:
Change in net unrealized gains on interest rate swap (net of tax effect of $254, $0, and $0)	$ 432,000
Other comprehensive income, net	432,000
Total comprehensive income (loss)	$ 11,022,000	$ (11,641,000)		$ 13,544,000
[1]	See Note 1 - Organization, Basis of Presentation, and Summary of Significant Accounting Policies for a discussion of accounting principles adopted during the period.

Consolidated Statements of Com5

Consolidated Statements of Comprehensive Income (Parentheticals) - USD ($)	12 Months Ended
	May 28, 2017	May 29, 2016	May 31, 2015
Change in net unrealized gains on interest rate swap, tax	$ 254	$ 0	$ 0

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands		Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Parent [Member]	Noncontrolling Interest [Member]	Total
Balance (in shares) at May. 25, 2014		26,815
Balance at May. 25, 2014		$ 27	$ 131,488	$ 71,554		$ 203,069	$ 1,692
Issuance of common stock by Landec on behalf of employees (in shares)		103
Issuance of common stock by Landec on behalf of employees			122			122
Issuance of common stock for vested restricted stock units (“RSUs”) (in shares)		72
Taxes paid by Company for stock swaps and RSUs			(343)			(343)
Stock-based compensation			1,577			1,577
Tax benefit from stock-based compensation expense			463			463
Payments to non-controlling interest (“NCI”)							(196)
Net income	[1]							$ 13,725
Other comprehensive income, net of tax
Net and comprehensive income				13,544		13,544	181	13,544
Balance (in shares) at May. 31, 2015		26,990
Balance at May. 31, 2015		$ 27	133,307	85,098		218,432	1,677
Issuance of common stock by Landec on behalf of employees (in shares)		125
Issuance of common stock by Landec on behalf of employees			322			322
Issuance of common stock for vested restricted stock units (“RSUs”) (in shares)		33
Stock-based compensation			3,465			3,465
Tax benefit from stock-based compensation expense			150			150
Payments to non-controlling interest (“NCI”)							(248)
Net income	[1]							(11,448)
Other comprehensive income, net of tax
Net and comprehensive income				(11,641)		(11,641)	193	(11,641)
Balance (in shares) at May. 29, 2016		27,148
Balance at May. 29, 2016		$ 27	137,244	73,457		210,728	1,622	212,350	[2]
Issuance of common stock by Landec on behalf of employees (in shares)		244
Issuance of common stock by Landec on behalf of employees			706			706
Issuance of common stock for vested restricted stock units (“RSUs”) (in shares)		107
Taxes paid by Company for stock swaps and RSUs			(434)			(434)
Stock-based compensation			3,964			3,964
Payments to non-controlling interest (“NCI”)							(166)
Net income				10,590		10,590	87	10,677
Other comprehensive income, net of tax					432	432		432
Net and comprehensive income								11,022
Balance (in shares) at May. 28, 2017		27,499
Balance at May. 28, 2017		$ 27	141,680	84,470	432	226,609	1,543	$ 228,152
Cumulative Effect of New Accounting Principle in Period of Adoption	[3]		$ 200	$ 423		$ 623
[1]	See Note 1 - Organization, Basis of Presentation, and Summary of Significant Accounting Policies for a discussion of accounting principles adopted during the period.
[2]	Derived from audited financial statements. See Note 1 - Organization, Basis of Presentation, and Summary of Significant Accounting Policies for discussion of accounting guidance adopted during the period.
[3]	See Note 1 - Organization, Basis of Presentation, and Summary of Significant Accounting Policies for a discussion of accounting guidance adopted during the period.

Consolidated Statements of Cha7

Consolidated Statements of Changes in Stockholders' Equity (Parentheticals) - $ / shares	May 28, 2017	May 29, 2016	May 31, 2015
Common Stock [Member] | Minimum [Member]
Issuance of common stock, per share (in dollars per share)	$ 5.63	$ 5.63	$ 5.63
Common Stock [Member] | Maximum [Member]
Issuance of common stock, per share (in dollars per share)	11.63	$ 9.01	$ 8.19
Issuance of common stock, per share (in dollars per share)	$ 13.65

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	May 28, 2017		May 29, 2016		May 31, 2015
Cash flows from operating activities:
Consolidated net income (loss)	$ 10,677,000		$ (11,448,000)	[1]	$ 13,725,000	[1]
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	10,677,000		9,395,000	[1]	7,090,000	[1]
Stock-based compensation expense	3,964,000		3,465,000	[1]	1,577,000	[1]
Loss on early debt extinguishment	1,233,000			[1]		[1]
Deferred taxes	2,506,000		(9,787,000)	[1]	4,152,000	[1]
Change in investment in non-public company, fair value	(900,000)		(1,200,000)	[1]	(3,900,000)	[1]
Net loss (gain) on disposal of property and equipment	586,000		46,000	[1]	(90,000)	[1]
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)	0		34,000,000	[1]		[1]
Impairment of non-public company, non-fair value investment					793,000
Changes in assets and liabilities:
Accounts receivable, net	(336,000)		73,000	[1]	(1,754,000)	[1]
Inventories	855,000		(508,000)	[1]	(292,000)	[1]
Prepaid expenses and other current assets	1,039,000		965,000	[1]	177,000	[1]
Accounts payable	(5,189,000)		(4,105,000)	[1]	2,894,000	[1]
Accrued compensation	2,751,000		(1,282,000)	[1]	2,646,000	[1]
Other accrued liabilities	2,086,000		2,556,000	[1]	11,000	[1]
Restricted cash collateral	(100,000)		(225,000)
Deferred revenue	(522,000)		(11,000)	[1]	(411,000)	[1]
Net cash provided by operating activities	29,327,000		21,934,000	[1]	26,618,000	[1]
Cash flows from investing activities:
Purchases of property and equipment	(22,592,000)		(40,867,000)	[1]	(17,511,000)	[1]
Acquisition of O Olive (Note 2)	(2,500,000)
Deposit on capital lease			(850,000)	[1]		[1]
Proceeds from sales of fixed assets	81,000		127,000	[1]	1,071,000	[1]
Investment in non-public company, fair value					(18,000,000)
Net cash used in investing activities	(25,011,000)		(41,590,000)	[1]	(34,440,000)	[1]
Cash flows from financing activities:
Proceeds from sale of common stock	706,000		322,000	[1]	122,000	[1]
Taxes paid by Company for stock swaps and RSUs	(434,000)		0		(343,000)	[1]
Net change in other assets/liabilities	(41,000)		(247,000)		(24,000)
Proceeds from long term debt	50,000,000		26,748,000	[1]	15,014,000	[1]
Payments on long term debt	(57,236,000)		(14,652,000)	[1]	(6,867,000)	[1]
Proceeds from lines of credit	4,500,000		26,100,000	[1]	30,417,000	[1]
Payments on lines of credit	(5,000,000)		(22,600,000)	[1]	(30,417,000)	[1]
Payments for debt issuance costs	(897,000)			[1]		[1]
Payments for early debt extinguishment penalties	(233,000)			[1]		[1]
Payments to non-controlling interest.	(166,000)		(248,000)	[1]	(196,000)	[1]
Net cash (used in) provided by financing activities	(8,801,000)		15,423,000	[1]	7,706,000	[1]
Net decrease in cash and cash equivalents	(4,485,000)		(4,233,000)	[1]	(116,000)	[1]
Cash and cash equivalents at beginning of year	9,894,000	[2]	14,127,000		14,243,000
Cash and cash equivalents at end of year	5,409,000		9,894,000	[2]	14,127,000
Supplemental disclosure of cash flow information:
Cash paid during the period for interest	2,332,000		2,017,000		1,994,000
Cash paid during the period for income taxes, net of refunds received	2,792,000		2,625,000		150,000
Supplemental disclosure of non-cash investing and financing activities:
Facility and equipment acquired under a capital lease			$ 3,908,000
[1]	See Note 1 - Organization, Basis of Presentation, and Summary of Significant Accounting Policies for a discussion of accounting principles adopted during the period.
[2]	Derived from audited financial statements. See Note 1 - Organization, Basis of Presentation, and Summary of Significant Accounting Policies for discussion of accounting guidance adopted during the period.

Note 1 - Organization, Basis of

Note 1 - Organization, Basis of Presentation and Summary of Significant Accounting Policies	12 Months Ended
	May 28, 2017
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block]	1. Organization, Basis of Presentation, and Summary of Significant Accounting Policies Organization Landec Corporation and its subsidiaries (“ Landec” or the “Company”) design, develop, manufacture, and sell differentiated health and wellness products for food and biomaterials markets, and license technology applications to partners. The Company has two 1 2 Basis of Presentation and Consolidation The consolidated financial statements are presented on t he accrual basis of accounting in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”) and include the accounts of Landec Corporation and its subsidiaries, Apio and Lifecore. All material inter-company transactions and balances have been eliminated. Arrangements that are not he guidance for variable interest entities (“VIEs”). A company is required to consolidate the assets, liabilities and operations of a VIE if it is determined to be the primary beneficiary of the VIE. An entity is a VIE and subject to consolidation, if b y design: a) the total equity investment at risk is not one three not Summary of Significant Accounting Policies Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make certain estimates and judgments that affect the amounts reported in the financial statements and accompanying notes. The accounting estimates that require management’s most significant and subjective judgments include revenue recognition; loss contingencies; sales returns and allowances; self-insurance liabilities; recognition and measurement of current and deferred income tax assets and liabilities; the assessment of recoverability of long-lived assets including intangible assets and inventory; the valuation of investments; and the valuation and recognition of stock-based compensation. These estimates involve the consideration of complex factors and require management to make judgments. The analysis of historical and future trends can require extended periods of time to resolve and are subject to change from period to per iod. The actual results may Concentrations of Risk Cash and cash equivalents, marketable securities, trade accounts receivable, grower advances and notes receivable are financial instruments that potentially subject the Company to concentrations of credit risk. Our Company policy limits, among other thing s, the amount of credit exposure to any one one Several of the raw materials the Company uses to manufacture its products are currently purchased from a single source, including some monomers used to synthesize Intelimer polymers, substrate materials for its breathable membrane products and raw materials for its HA products. The operations of Windset Holdings 2010 26.9% During the fiscal year ended May 28, 2017, five 44% two 18% 14%, 30% none 5% May 28, 2017, two 12% 17%, During the fiscal year ended May 29, 2016, five 45% two 20% 12%, 31% none 5% May 29, 2016, two 13% 15%, Impairment of Long-Lived Assets Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that their carrying amounts may not ty of assets is measured by comparison of the carrying amount of the asset to the net undiscounted future cash flow expected to be generated from the asset. If the future undiscounted cash flows are not Financial Instruments The Company ’s financial instruments are primarily composed of commercial-term trade payables, grower advances, notes receivable, debt instruments and derivative instruments. For short-term instruments, the historical carrying amount approximates the fair value of the instrument. The fair value of long-term debt and lines of credit approximates their carrying value. Cash Flow Hedges The Company entered into an interest rate swap agreement to manage interest rate risk. This derivative instrument may changes in interest expense. The Company designates this derivative instrument as a cash flow hedge. The Company accounts for its derivative instrument as either an asset or a liability and carries it at fair value in Other assets or Other non-current liabilities. The accounting for changes in the fair value of the derivative instrument depends on the intended use of the derivative instrument and the resulting designation. For derivative instruments that hedge the exposure to variability in expected future cash flows that are designated as cash flow hedges, the effective portion of the gain or loss on the derivative instrument is reported as a component of Accumulated Other Comprehensive Income in Stockholders’ Equity and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. The ineffective portion of the gain or loss on the derivative instrument, if any, is recognized in earnings in the current period. To receive hedge accounting treatment, cash flow hedges must be highly effective in offsetting changes to expected future cash flows on hedged transactions. Comprehensive income consists of two OCI”). OCI refers to revenue, expenses, and gains and losses that under GAAP are recorded as a component of stockholders’ equity but are excluded from net income. The Company’s OCI consists of net deferred gains and losses on its interest rate swap derivative instrument accounted for a cash flow hedge. The components of OCI, net of tax, are as follows (in thousands): Unrealized Gains on Cash Flow Hedge Balance as of May 29, 2016 $ — Other comprehensive income before reclassifications, net of tax effect 432 Amounts reclassified from OCI — Other comprehensive income, net 432 Balance as of May 28, 2017 $ 432 The Company does not 12 Based on these assumptions, management believes the fair market values of the Company’s financial instruments are not May 28, 2017 May 29, 2016 . Accounts Receivable and Sales Returns and Allowance for Doubtful Accounts The Company carries its accounts receivable at their face amounts less an allowance for estimated sales returns and doubtful accounts. Sales return allowances are estimated based on historical sales return amounts. Further, on a periodic basis, the Company evaluates its accounts receivable and establishes an allowance for doubtful accounts and estimated losses resulting from the inability of its customers to make required payments. The allowance for doubtful accounts is determined based on review of the overall condition of accounts receivable balances and review of significant past due accounts. The allowance for doubtful accounts is based on specific identification of past due amounts and for accounts over 90 Balance at beginning of period Adjustments charged to revenue and expenses Write offs, net of recoveries Balance at end of period Year Ended May 31, 2015 $ 516 $ — $ (134 ) $ 382 Year E nded May 29, 2016 $ 382 $ 63 $ (110 ) $ 335 Year E nded May 28, 2017 $ 335 $ 519 $ (453 ) $ 401 Revenue Recognition Revenue from product sales is recognized when there is persuasive evidence that an arrangement exists, title has transferred, the price is fixed and determinable, and collectability is reasonably assured. Allowances are established for estimated uncollect ible amounts, product returns, and discounts based on specific identification and historical losses. Apio ’s Packaged Fresh Vegetables revenues generally consist of revenues generated from the sale of specialty packaged fresh-cut and whole value-added vegetable products that are generally washed and packaged in Apio’s proprietary packaging and sold under Apio’s Eat Smart and GreenLine brands and various private labels. Revenue is generally recognized upon shipment of these products to customers. The Company takes title to all produce it trades and/or packages, and therefore, records revenues and cost of sales at gross amounts in the Consolidated Statements of Comprehensive Income (Loss). In addition, Packaged Fresh Vegetables revenues include the revenues genera ted from Apio Cooling, LP, a vegetable cooling operation in which Apio is the general partner with a 60% Apio ’s Food Export revenues consist of revenues generated from the purchase and sale of primarily whole commodity fruit and vegetable products to Asia through its subsidiary, Cal-Ex Trading Company (“Cal-Ex”). As most Cal-Ex customers are in countries outside of the U.S., title transfers and revenue is generally recognized upon arrival of the shipment in the foreign port. Apio records revenue equal to the sale price to third Lifecore ’s Biomaterials business principally generates revenue through the sale of products containing HA. Lifecore primarily sells products to customers in three 1 65% 2017, 2 15% 2017, 3 20% 2017. Lifecore ’s business development revenues, a portion of which are included in all three Contract R&D revenue is recorded as earned, based on the performance requirements of the contract. Non-refundable contract fees for which no no For sales arrangements that contain multiple elements, the Company splits the arrangement into separate units of accounting if the individually delivered elements have value to the customer on a standalone basis. The Company also e valuates whether multiple transactions with the same customer or related party should be considered part of a multiple element arrangement, whereby the Company assesses, among other factors, whether the contracts or agreements are negotiated or executed within a short time frame of each other or if there are indicators that the contracts are negotiated in contemplation of each other. The Company then allocates revenue to each element based on a selling price hierarchy. The relative selling price for a deliverable is based on its vendor-specific objective evidence (“VSOE”), if available, third not not The C ompany limits the amount of revenue recognition for delivered elements to the amount that is not not not not For licensing revenue, the initial license fees are deferred and amortized to revenue over the period of the agreement when a contract exists, the fee is fixed and determinable, and collectability is reasonably assured. Noncancellable, nonrefundable license fees are recognized over the period of the agreement, including those governing research and development activities and any related supply agreement entered into concurrently with the license when the risk associated with commercialization of a product is non-substantive at the outset of the arrangement. From time to time, the Company offers customers sales incentives, which include volume rebates and discounts. These amounts are estimated on a quarterly basis and recorded as a reduction of revenue. A summary of revenues by typ e of arrangement as described above is as follows (in thousands): Year E nded May 28, 2017 May 29, 2016 May 31, 2015 Recorded upon shipment $ 456,512 $ 458,985 $ 465,848 Recorded upon acceptance in foreign port 62,481 64,181 67,714 Revenue from multiple element arrangements 8,431 13,400 4,253 Revenue from license fees, R&D contracts and royalties /profit sharing 4,833 4,533 1,806 Total $ 532,257 $ 541,099 $ 539,257 Shipping and Handling Costs Amounts billed to third to the end consumer markets. Other Accounting Policies and Disclosures Cash and Cash Equivalents The Company records all highly liquid securities with three ivalents consist mainly of money market funds. The market value of cash equivalents approximates their historical cost given their short-term nature. Inventories Inventories are stated at the lower of cost (using the first first realizable value. As of May 28, 2017 May 29, 2016 Year Ended May 28 , 2017 May 29, 2016 Finished goods $ 11,685 $ 12,165 Raw materials 10,158 9,855 Work in progress 3,447 3,515 Total inventories $ 25,290 $ 25,535 If the cost of the inventories exceeds their net realizable value, provisions are recorded currently to reduce them to net realizable value. The Company also records a provision for slow moving and obsolete inventories based on the estimate of demand for its products. Advertising Expense Advertising expenditures for the Company are expensed as incurred. Advertising expense for the Company for fiscal years 2017, 2016, 2015 $1.9 $2.1 $1.3 Notes and Advances Receivable Apio issues notes and makes advances to produce growers for their crop and harvesting costs primarily for the purpose of sourcing crops for Apio's business . Notes and advances receivable are generally recovered during the growing season (less than one three nine not May 28, 2017 May 29, 2016 $1.0 $2.3 . Related Party Transactions The Company sold products to and earned license fees from Windset during the last three 2017, 2016, 2015, $514,000, $666,000, $537,000, $388,000 $523,000 May 28, 2017 May 29, 2016, Additionally, unrelated to the revenue transactions above, the Company purchases produce from Win dset for sale to third 2017, 2016, 2015, $22,000, $32,000, $1.6 $22,000 zero May 28, 2017 May 29, 2016, All related party t ransactions are monitored quarterly by the Company and approved by the Audit Committee of the Board of Directors. Property and Equipment Property and equipment are stated at cost. Expenditures for major improvements are capitalized while repairs and ma intenance are charged to expense. Depreciation is expensed on a straight-line basis over the estimated useful lives of the respective assets, generally three forty three twenty The Company capitalizes software development costs for internal use in accordance with accounting guidance. Capitalization of software development costs begins in the application development stage and ends when the asset is placed into service. The Company amortizes such costs on a straight-line basis over estimated useful lives of three seven 2017, 2016, 2015, $2.2 $174,000, $509,000 Long-Lived Assets The Company ’s Long-Lived Assets consist of property, plant and equipment, and intangible assets. Intangible assets are comprised of customer relationships with an estimated useful life of eleven thirteen March 2017, ( April 2012, ( April 2010 December 1999. , and the acquisitions of Apio and GreenLine were allocated to the Packaged Fresh Vegetables reporting unit based May 28, 2017, $5.2 $13.9 , the Food Export reporting unit had $269,000 $35.5 Property, plant and equipment and finite-lived intangible assets are reviewed for possible impairment whenever events or changes in circumstances occur that indicate that the carrying amoun t of an asset (or asset group) may not may The Company tests its indefinite-lived intangible assets for impairment at least annually, in accordance with accounting guidance. For all in definite-lived assets, including goodwill, the Company performs a qualitative analysis in accordance with ASC 350 30 35. During fiscal year 2016, $34.0 no 2017. On a quarterly basis, the Company considers the need to update its most recent annual tests for possible impairment of its indefinite-liv ed intangible assets, based on management’s assessment of changes in its business and other economic factors since the most recent annual evaluation. Such changes, if significant or material, could indicate a need to update the most recent annual tests for impairment of the indefinite-lived intangible assets during the current period. The results of these tests could lead to write-downs of the carrying values of these assets in the current period. In the annual impairment test, the Company assesses quali tative factors to determine whether it is necessary to perform the quantitative goodwill impairment test. In assessing the qualitative factors, management considers the impact of these key factors: macro-economic conditions, industry and market environment, cost factors , overall financial performance of the Company, cash flow from operating activities, market capitalization, litigation, and stock price. If management determines as a result of the qualitative assessment that it is more likely than not 50 no If a quantitative test is required, the Company would compare the carrying amount of a reporting unit that includes goodwill to its fair value. The Company determines the fair value using both an income approach and a market approach. Under the income approach, fair value is determined based on estimated future cash flows, discounted by an estimated weighted-average cost of capital, which reflects the overall level of inherent risk of the Company and the rate of return an outside investor would expect to earn. Under the market-based approach, information regarding the Company is utilized as well as publicly available industry information to determine earnings multiples that are used to value the Company. A goodwill impairment loss is recognized for the amount that the carrying amount of a reporting unit, including goodwill, exceeds its fair value, limited to the total amount of goodwill allocated to that reporting unit. As of February 2 7, 2017, no not 2017 no no 2017, 2016, 2015 . Investment in Non-Public Company On February 15, 2011, reported as an investment in non-public company, fair value, in the accompanying Consolidated Balance Sheets as of May 28, 2017 May 29, 2016 . The Company has elected to account for its investment in Windset under the fair value option. See Note 3 . Partial Self-Insurance on Employee Health and Workers Compensation Plans The Company provides health insurance benefits to eligible employees under self-insured plans whereby the Company pays actual medical claims subject to certain stop loss limits and self-insures its workers compensation claims. The Company records self-insurance liabilities based on actual claims filed and an estimate of those claims incurred but not not May 28, 2017. may Deferred Revenue Cash received in advance of services performed are recorded as deferred revenue. Non-Controlling Interest The Company reports all non-controlling interests as a separate component of stockholders ’ equity. The non-controlling interest’s share of the income or loss of the consolidated subsidiary is reported as a separate line item in our Consolidated Statements of Comprehensive Income (Loss), following the consolidated net income (loss) caption. In connection with the acquisition of Api o, Landec acquired Apio’s 60% Income Taxes The Company accounts for income taxes in accordance with accounting guidance which requires that deferred tax assets and liabilities be recognized using enacted tax rates for the effect of temporary differences between the book and tax basis of recorded a ssets and liabilities. The Company maintains valuation allowances when it is likely that all or a portion of a deferred tax asset will not May 28, 2017, $1.3 In addition to valuation allowances, the Company establishes accruals for uncertain tax positions. The tax-contingency accruals are adjusted in light of changing facts and circumstances, such as the progress of tax audits, case law and emerging legislation. The Company recognizes interest and penalties related to uncertain tax positions as a component of income tax expense. The Company’s effective tax rate includes the impact of tax-contingency accruals as considered appropriate by management. A number of years may nal outcome or the timing of resolution of any particular tax matter, the Company believes its tax-contingency accruals are adequate to address known tax contingencies. Favorable resolution of such matters could be recognized as a reduction to the Company’s effective tax rate in the year of resolution. Unfavorable settlement of any particular issue could increase the effective tax rate. Any resolution of a tax issue may Per Share Information Accounting guidance requires the presentation of basic and diluted earnings per share. Basic earnings per share excludes any dilutive eff ects of options, warrants and convertible securities and is computed using the weighted average number of common shares outstanding. Diluted earnings per share reflect the potential dilution as if securities or other contracts to issue common stock were exercised or converted into common stock. Diluted common equivalent shares consist of stock options and restricted stock units, calculated using the treasury stock method. The following table sets forth the computation of diluted net income (loss) per share (in thousands, except per share amounts): Year E nded May 28, 2017 May 29, 2016 May 31, 2015 Numerator: Net income (loss) applicable to Common Stockholders $ 10,590 $ (11,641 ) $ 13,544 Denominator: Weighted average shares for basic net income (loss) per share 27,276 27,044 26,884 Effect of dilutive securities: Stock options and restricted stock units 376 — 452 Weighted average shares for diluted net income (loss) per share 27,652 27,044 27,336 Diluted net income (loss) per share $ 0.38 $ (0.43 ) $ 0.50 Options to purchase 1,428,272 371,115 $13.58 $14.02 May 28, 2017 May 31, 2015, not Due to the Company ’s net loss for fiscal year 2016, 1.6 2016. Cost of Sales The Company includes in cost of sales all the costs related to the sale of produc ts. These costs include the following: raw materials (including produce, packaging, syringes and fermentation and purification supplies), direct labor, overhead (including indirect labor, depreciation, and facility related costs) and shipping and shipping related costs. Research and Development Expenses Costs related to both research and development contracts and Company-funded research is included in research and development expenses. Research and development costs are primarily comprised of salaries a nd related benefits, supplies, travel expenses, consulting expenses and corporate allocations. Accounting for Stock-Based Compensation The Company ’s stock-based awards include stock option grants and restricted stock unit awards (“RSUs”). The Company records compensation expense for stock-based awards issued to employees and directors in exchange for services provided based on the estimated fair value of the awards on their grant dates and is recognized over the required service periods generally the vesting period. The following table summarizes the stock-based compensation for options and RSUs (in thousands): Year E nded May 28, 2017 May 29, 2016 May 31, 2015 Options $ 1,230 $ 1,352 $ 561 RSUs 2,734 2,113 1,016 Total stock-based compensation $ 3,964 $ 3,465 $ 1,577 The following table summarizes the stock-based compensation by income statement line item (in thousands): Year E nded May 28, 2017 May 29, 2016 May 31, 2015 Cost of sales $ 485 $ 405 $ 142 Research and development 83 90 16 Selling, general and administrative 3,396 2,970 1,419 Total stock-based compensation $ 3,964 $ 3,465 $ 1,577 The estimated fair value for stock options, which determines the Company ’s calculation of stock-based compensation expense, is based on the Black-Scholes option pricing model. RSUs are valued at the closing market price of the Company’s common stock on the date of grant. The Company uses the straight-line single option method to calculate and recognize the fair value of stock-based compensation arrangements. The Black-Scholes option pricing model requires the input of highly subjective assumptions, including the expected stock price volatility and expected life of option awards, which have a significant i mpact on the fair value estimates. As of May 28, 2017, May 29, 2016 May 31, 2015, Year E nded May 28, 2017 May 29, 2016 May 31, 2015 Expected life (in years) 3.50 3.38 3.25 Risk-free interest rate 1.08 % 1.09 % 1.00 % Volatility 26 % 31 % 32 % Dividend yield 0 % 0 % 0 % The weighted average estimated fair value of Landec employee stock options granted at grant date market prices during the fiscal years ended May 28, 2017, May 29, 2016 May 31, 2015 $2.37, $2.85 $3.42 No May 28, 2017, May 29, 2016 May 31, 2015. Fair Value Measurements The Company uses fair value measurement accounting for financial assets and liabilities and for financial instruments and certain other items measured at fair value. The Company has elected the fair value option for its investment in a non-public company. See Note 3 not The accounting guidance established a three lue measurements, which prioritizes the inputs used in measuring fair value as follows: Level 1 – observable inputs such as quoted prices for identical instruments in active markets. Level 2 – inputs other than quoted prices in active markets that are observable either directly or indirectly through corroboration with observable market data. Level 3 – unobservable inputs in which there is little or no As of May 2 8, 2017, The fair value of the Company ’s interest rate swap is determined based on model inputs that can be observed in a liquid market, including yield curves, and is categorized as a Level 2 The Company has elected the fair value option of accounting for it s investment in Windset. The calculation of fair value utilizes significant unobservable inputs, including projected cash flows, growth rates, and discount rates. As a result, the Company’s investment in Windset is considered to be a Level 3 twelve May 28, 2017 26.9% At May 28, 2017 At May 29, 2016 Revenue growth rates 4 % 4 % Expense growth rates 4 % 4 % Income tax rates 15 % 15 % Discount rates 12 % 12.5 % The revenue growth, expense growth, and income tax rate assumptions are considered the Company's best estimate of the trends in those items over the discount period. The discount rate assumption takes into account the risk-free rate of return, the market equity risk premium, and the company’s specific risk premium and then applies an additional discount for lack of liquidity of the underlying securities. The discounted cash flow valuation model used by the Company has the following sensitivity to changes in inputs and assumptions (in thousands): Impact on value of investment in Windset as of May 28, 2017 10% increase in revenue growth rates $ 6,900 10% increase in expense growth rates $ (1,900 ) 10% increase in income tax rates $ (600 ) 10% increase in discount rates $ (4,500 ) Imprecision in estimating unobservable market inputs can affect the amount of gain or loss recorded for a particular position. The use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting date. The following table summarizes the fair value of the Company ’s assets and liabilities that are measured at fair value on a recurring basis (in thousands): Fair Value at May 28, 2017 Fair Value at May 29, 2016 Assets: Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Interest rate swap (1) $ — $ 688 $ — $ — $ — $ — Investment in non-public company — — 63,600 — — 62,700 Total $ — $ 688 $ 63,600 $ — $ — $ 62,700 ( 1 Recorded in Other assets. Recent Accounting Pronouncements Recently Adopted Pronouncements Statement of Cash Flows In August 2016, FASB”) issued Accounting Standards Update (“ASU”) 2016 15, Statement of Cash Flows (Topic 230 2016 15” 2016 15 230. 2016 15 eight one 15 December 2017, 2016 15 November 27, 2016. no Debt Iss uance Costs In April 2015, 2015 03, Interest - Imputation of Interest (Subtopic 835 30 2015 03” not In August 2015, 2015 15, Presentation and Subsequent Measurement of Debt Issuance Costs Associated With Line-of-Credit Arrangements 2015 15” 2015 15 835 30 not The Company adopted ASU 2015 03 2015 15 first August 28, 2016 May 29, 2016 2015 03 as to reclassify total debt issuance costs of $817,000 May 29, 2016 May 29, 2016 1 $175,000 2 $642,000 3 $817,000 no 2015 15 $120,000 $431,000 May 28, 2017. 2015 03 2015 15 not no Stock-Based Compensation In March 2016, 2016 09, Compensation - Stock Compensation (Topic 718 2016 09” no May 29, 2017, The Company elected to early adopt the new guidance during its first quarter ended August 28, 2016. 1 $549,000 2 $200,000 $126,000 $74,000 3 $150,000 $463,000 May 29, 2016 May 31, 2015, 8 Goodwill Impairment In January 2017 , the FASB issued ASU 2017 04, Intangibles - Goodwill and Other (Topic 350 2017 04" two 2017 04, not 2017 04 December 15, 2019, January 1, 2017. May 2017, 2017 04, no Recently Issued Pronouncements to be Adopted Revenue Recognition In May 2014, 2014 09, 606 , Revenue from Contracts with Customers 605, Revenue Recognition 2014 09” five 2014 09. first 2019 Currently, the Company is in the process of evaluating the impact of the adoption of ASU 2014 09. ● Finished goods product sales (Packaged Fresh Vegetables); ● Shipping and handling (Packaged Fresh Vegetables); ● Buy-sell product sales (Food Export); ● Product development and contract manufacturing arrangements (Biomaterials). The Company ’s assessment efforts to date have included reviewing current accounting policies, processes, and systems requirements, as well assigning internal resources and third 2014 09. 2014 09 2014 09 Currently, the Company cannot reasonably estimate the impact the applica tion of ASU 2014 09 2014 09, may Leases In February 2016, 2016 02, Leases (Topic 842 2016 02” 2016 02 2016 02 first 2020 The Company is currently in the process of evaluating the impact that ASU 2016 02 osures. The Company’s assessment efforts to date have included: ● Reviewing the provisions of ASU 2016 02; ● Gathering information to evaluate its lease population and portfolio; ● Evaluating the nature of its real and personal property and other arrangements that may ● Systems ’ readiness evaluations. As a result of these efforts, the Company currently anticipates that the adoption of ASU 2016 02 ill have a significant impact to its long-term assets and liabilities, as, at a minimum, virtually all of its leases designated as operating leases in Note 9 not

Note 2 - Acquisition of O Olive

Note 2 - Acquisition of O Olive	12 Months Ended
	May 28, 2017
Notes to Financial Statements
Business Combination Disclosure [Text Block]	2. Acquisition of O Olive On March 1, 2017, purchased substantially all of the assets of O Olive for $2.5 $7.5 three 1995, The potential earn out payment up to $7.5 2018 2020. 2018, $4.6 three $2.9 $6.0 three fourth 2017, third three $5.9 May 28, 2017, $7.5 three 2020. Th e operating results of O Olive are included in the Company’s financial statements beginning March 1, 2017 , in the Other segment. Included in the Company’s results for O Olive for the fiscal year 2017 $773,000 $231,000. Intangible Assets The Company identified two in connection with the O Olive acquisition: trade names and trademarks valued at $1.6 not $700,000 eleven Goodwill The excess of the consideration transferred over the fair values assigned to the assets acquired and liabilities assumed was $5.2 million on the closing date, which represents the goodwill amount resulting from the acquisition which can be attributable to O Olive’s long history, future prospects and the expected operating synergies with Apio’s salad business and distribution and logistics capabilities. The Company will test goodwill for impairment on an annual basis or sooner, if indicators of impairment exist. Acquisition-Related Transaction Costs The Company recognized $159,000 May 28, 2017 May 28, 2017.

Note 3 - Investment in Non-publ

Note 3 - Investment in Non-public Company	12 Months Ended
	May 28, 2017
Notes to Financial Statements
Investment Holdings [Text Block]	3 . Investment in Non-public C ompan y Windset On February 15, 2011, Apio entered into a share purchase agreement (the “Windset Purchase Agreement”) with Windset. Pursuant to the Windset Purchase Agreement, Apio purchased from Windset 150,000 $15 201 $201. July 15, 2014, 68 51,211 $11 26.9% 7.5% 90 . The non-voting junior preferred stock does not no one five On October 29, 2014, 70,000 $7 preferred shares pay an annual dividend of 7.5% $1.5 first $2.75 second $2.75 third third may not The original Shareholders ’ Agreement between Apio and Windset included a put and call option (the “Put and Call Option”), which could be exercised on or after February 15, 2017 26.9% $20.1 $15 $5.1 March 15, 2017, March 31, 2022. The investment in Windset does not not the annual dividend on the non-voting senior preferred shares that are not The fair value of the Company ’s investment in Windset was determined utilizing the Windset Purchase Agreement’s Put and Call Option calculation for value and a discounted cash flow model based on projections developed by Windset, and considers the put and call conversion options. These features impact the duration of the cash flows utilized to derive the estimated fair values of the investment. These two The Company recorded $1.7 $1.7 $1.4 May 28, 2017, May 29, 2016 May 31, 2015, May 28, 2017, May 29, 2016 May 31, 2015 $900,000, $1.2 $3.9 The Company also entered into an exclusive license agreement with Windset, which was executed in June 2010,

Note 4 - Property and Equipment

Note 4 - Property and Equipment	12 Months Ended
	May 28, 2017
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	4 . Property and Equipment Property and equipment consists of the following (in thousands): Years of Year Ended Useful Life May 28, 2017 May 29, 2016 Land and buildings 15 - 40 $ 86,983 $ 67,192 Leasehold improvements 3 - 20 1,190 1,620 Computers, capitalized software, machinery, equipment and autos 3 - 20 97,375 87,464 Furniture and fixtures 3 - 7 1,272 901 Construction in process 6,811 17,677 Gross property and equipment 193,631 174,854 Less accumulated depreciation and amortization (60,411 ) (53,974 ) Net property and equipment $ 133,220 $ 120,880 Depreciation and amortization expense for property and equipment for the fiscal years ended May 28, 2017, May 29, 2016 May 31, 2015 $9.6 $8.2 $6.2 $135, 000, $49,000, zero May 28, 2017, May 29, 2016 May 31, 2015, $414,000, $269,000, $158,000 May 28, 2017, May 29, 2016 May 31, 2015, May 28, 2017 May 29, 2016 $2.2 $865,000, $514,000, $487,000, $45,000 May 28, 2017, May 29, 2016 May 31, 2015,

Note 5 - Intangible Assets

Note 5 - Intangible Assets	12 Months Ended
	May 28, 2017
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	5 . Intangible Assets The carrying amount of goodwill as of May 28, 2017, May 29, 2016 May 31, 2015 $35.5 , $13.9 $269,000 $5.2 Other intangible assets consisted of the following (in thousands): Trademarks and Trade names Customer Relationships Total Balance as of May 25, 2014 $ 48,428 $ 8,720 $ 57,148 Amortization expense — (885 ) (885 ) Balance as of May 31, 2015 48,428 7,835 56,263 Impairment during the period (34,000 ) — (34,000 ) Amortization expense — (867 ) (867 ) Balance as of May 29, 2016 14,428 6,968 21,396 Additions during the period 1,600 700 2,300 Amortization expense — (885 ) (885 ) Balance as of May 28, 2017 $ 16,028 $ 6,783 $ 22,811 Accumulated amortization of Trademarks and Trade names was $872,000 May 28, 2017 May 29, 2016. May 28, 2017 May 29, 2016 $5.1 $4.2 $38.8 May 28, 2017 May 29, 2016. $3.7 12 , Apio’s Customer Relationships amount of $7.5 13 $700,000 11 five $949,000

Note 6 - Stockholders' Equity

Note 6 - Stockholders' Equity	12 Months Ended
	May 28, 2017
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	6 . Stockholders ’ Equity Holders of Common Stock are entitled to one per share. Convertible Preferred Stock The Company has authorized two million May 28, 2017 no Common Stock and Stock Option Plans At May 28, 2017, 2.2 On October 10, 2013, 2013 Plan”) became effective and replaced the Company’s 2009 The Plan provides for the grant of stock options (both nonstatutory and incentive stock options), stock grants, stock units and stock appreciation rights. Awards under the Plan will be evidenced by an agreement with the Plan 2.0 no may 500,000 250,000 500,000 may not 30,000 May 28, 2017, 1,736,729 On October 15, 2009, 2009 2009 2005 2009 2009 2009 1.9 May 28, 2017, 344,168 Stock-Based Compensation Activity Activity under all Landec equity incentive plans is as follows: Restricted Stock Outstanding Stock Options Outstanding RSUs and Options Available for Grant Number of Restricted Shares Weighted Average Grant Date Fair Value Number of Stock Options Weighted Average Exercise Price Balance at May 25, 2014 2,000,000 149,300 $ 13.17 1,215,860 $ 8.45 Granted (1,118,857 ) 324,357 $ 13.97 794,500 $ 14.20 Awarded/Exercised — (79,219 ) $ 11.57 (205,419 ) $ 6.55 Forfeited — (1,667 ) $ 14.30 (2,223 ) $ 14.30 Plan shares expired — — — (66,000 ) $ 11.32 Balance at May 31, 2015 881,143 392,771 $ 14.15 1,736,718 $ 11.19 Granted (443,175 ) 177,675 $ 12.10 265,500 $ 12.04 Awarded/Exercised — (32,439 ) $ 13.28 (220,717 ) $ 6.44 Forfeited 28,000 (11,166 ) $ 14.36 (24,473 ) $ 14.38 Plan shares expired — — — (25,554 ) $ 9.86 Balance at May 29, 2016 465,968 526,841 $ 13.51 1,731,474 $ 11.90 Granted (370,522 ) 130,522 $ 13.37 240,000 $ 11.58 Awarded/Exercised — (130,508 ) $ 13.42 (357,639 ) $ 5.93 Forfeited 59,793 (17,500 ) $ 12.46 (42,293 ) $ 12.16 Plan shares expired — — — — — Balance at May 28 2017 155,239 509,355 $ 13.53 1,571,542 $ 13.20 Upon vesting of certain RSUs and the exercise of certain options during fiscal years 2017, 2016 2015, 2017, 2016 2015 137,089, 95,550 112,443 Total payments x 2017, 2016 2015 $434,000, zero $343,000, not The following table summarizes information concerning stock options outstanding and exercisable at May 28, 2017: Options Outstanding Options Exercisable Range of Exercise Prices Number of Shares Outstanding Weighted Average Remaining Contractual Life (in years) Weighted Average Exercise Price Aggregate Intrinsic Value Number of Shares Exercisable Weighted Average Aggregate Intrinsic Value $5.77 - $14.39 1,571,542 4.68 $ 13.20 $ 1,362,499 1,021,097 $ 13.40 $ 752,758 At May 28, 2017 May 29, 2016 1,021,097 963,833 550,445 767,641 No $13.65 May 28, 2017, May 28, 2017, 314,091 2017 $2.8 Option Awards Outstanding Options Weighted Average Exercise Price Weighted Average Remaining Contract Term (in years) Aggregate Intrinsic Value Vested 1,021,097 $ 13.40 4.18 752,758 Expected to vest 550,445 $ 12.83 5.61 609,741 Total 1,571,542 $ 13.20 4.68 1,362,499 A s of May 28, 2017, $4.6 1.5 1.4 Stock Repurchase Plan On July 14, 2010, $10.0 ’s Common Stock. The Company may not may 2017, 2016 2015, not

Note 7 - Debt

Note 7 - Debt	12 Months Ended
	May 28, 2017
Notes to Financial Statements
Debt Disclosure [Text Block]	7 . Debt Long-term debt consists of the following (in thousands): May 28 , 2017 May 29, 2016 Term loan with JPMorgan Chase Bank (“ JPMorgan”), BMO Harris Bank N,A. (“BMO”), and City National Bank (“CNB”); due in quarterly principal and interest payments of $1,250 beginning December 1, 2016 through September 23, 2021 with the remainder due on maturity, with interest based on the Company’s leverage ratio at a per annum rate of the Eurodollar rate plus a spread of between 1.25% and 2.25% $ 47,500 $ — Real property loan agreement with General Electric Capital Corporation (“GE Capital”); due in monthly principal and interest payments of $133,060 through May 1, 2022 with interest based on a fixed rate of 4.02% per annum — 14,167 Capital equipment loan with GE Capital; due in monthly principal and interest payments of $175,356 through May 1, 2019 with interest based on a fixed rate of 4.39% per annum — 5,904 Capital equipment loan with GE Capital; due in monthly principal and interest payments of $95,120 through July 17, 2019 with interest based on a fixed rate of 3.68% per annum — 5,558 Capital equipment loan with GE Capital; due in monthly principal and interest payments of $55,828 through December 1, 2019 with interest based on a fixed rate of 3.74% per annum — 3,375 Capital equipment loan with Bank of America (“ BofA”); due in monthly principal and interest payments of $68,274 through June 28, 2020 with interest based on a fixed rate of 2.79% per annum — 3,158 Real property loan agreement with GE Capital ; due in monthly principal payments of $46,000 through March 1, 2026, plus interest payable monthly at LIBOR plus 2.25% per annum — 7,622 Capital equipment loan with GE Capital; due in monthly principal payments of $122,000 through March 1, 2021, plus interest payable monthly at LIBOR plus 2.25% per annum — 8,873 Capital equipment loan with BofA; due in monthly principal and interest payments of $75,000 through November 27, 2020 with interest based on a fixed rate of 2.92% per annum — 3,940 Industrial revenue bonds (“ IRBs”) issued by Lifecore; due in annual payments through 2020 with interest at a variable rate set weekly by the bond remarketing agent — 2,065 Total principal amount of long-term debt 47,500 54,662 Less: unamortized debt issuance costs (261 ) (817 ) Total long-term debt, net of unamortized debt issuance costs 47,239 53,845 Less: current portion of long-term debt, net (4,940 ) (7,873 ) Long-term debt, net $ 42,299 $ 45,972 The future minimum principal payments of the Company ’s debt for each year presented are as follows (in thousands): Term Loan Fiscal year 2018 $ 5,000 Fiscal year 2019 5,000 Fiscal year 2020 5,000 Fiscal year 2021 5,000 Fiscal year 202 2 27,500 Thereafter — Total $ 47,500 On September 23, 2016, Lenders”), and JPMorgan as administrative agent, pursuant to which the Lenders provided the Company with a $100 $50 Both the Revolver and the Term Loan mature in five September 23, 2021), $1.25 December 1, 2016, rity. Interest on both the Revolver and the Term Loan is based on either the prime rate or Eurodollar rate, at the Company’s discretion, plus a spread based on the Company’s leverage ratio (generally defined as the ratio of the Company’s total indebtedness on such date to the Company’s consolidated earnings before interest, taxes, depreciation, and amortization (“EBITDA”) for the period of four 0.25% 1.25% 1.25% 2.25% The Credit Agreement provides the Company the right to increase the Revolver commitments and/or the Term Loan commitments by obta ining additional commitments either from one $75 The Credit Agreement contains customary financial covenants and events of default under which the obligation could be acc elerated and/or the interest rate increased. The Company was in compliance with all financial covenants as of May 28, 2017. On November 1, 2016, Swap”) with BMO at a notional amount of $50 30 1.22%. May 28, 2017, 2.72%. 1 In connection with the Credit Agreement, the Company incurred in fiscal year 2017 third $897,000, $598,000 $299,000 2016 2015, $200,000 $397,000, 2017, 2016 2015 $142,000, $293,000 $206, 000 Concurrent with the close of the Credit Agreement, all of the proceeds of the Term Loan, and $1.5 $1.2 ion, which included $233,000 $1.0 September 23, 2016. As of May 28, 2017, $3.0 May 28, 2017, 2.57%.

Note 8 - Income Taxes

Note 8 - Income Taxes	12 Months Ended
	May 28, 2017
Notes to Financial Statements
Income Tax Disclosure [Text Block]	8 . Income Taxes The provision for income taxes consisted of the following (in thousands): Year Ended May 28, 2017 May 29, 2016 May 31, 2015 Current: Federal $ 1,690 $ 2,382 $ 3,480 State 57 (82 ) 43 Foreign 82 83 71 Total 1,829 2,383 3,594 Deferred: Federal 2,244 (9,177 ) 3,789 State 262 (610 ) 363 Total 2,506 (9,787 ) 4,152 Income tax expense (benefit) $ 4,335 $ (7,404 ) $ 7,746 The actual provision for income taxes differs from the statutory U.S. federal income tax rate of 35% Year Ended May 28, 2017 May 29, 2016 May 31, 2015 Provision at U.S. statutory rate of 35% $ 5,224 $ (6,666 ) $ 7,451 State income taxes, net of federal benefit 325 (504 ) 566 Change in valuation allowance 85 6 353 Tax credits (834 ) (156 ) (375 ) S tock-based compensation (365 ) 173 142 Domestic manufacturing deduction (243 ) (307 ) (369 ) Other 143 50 (22 ) Total $ 4,335 $ (7,404 ) $ 7,746 Significant components of deferred tax assets and liabilities consisted of the following (in thousands): Year Ended May 28, 2017 May 29, 2016 Deferred tax assets: Accruals and reserves $ 3,242 $ 1,836 Net operating loss carryforwards 2,766 3,030 Stock-based compensation 2,032 1,436 Research and AMT credit carryforwards 1,050 468 Other 661 926 Gross deferred tax assets 9,751 7,696 Valuation allowance (1,325 ) (1,240 ) Net deferred tax assets 8,426 6,456 Deferred tax liabilities: Basis difference in investment in non-public company (11,495 ) (11,125 ) Goodwill and other indefinite life intangibles (11,119 ) (8,015 ) Depreciation and amortization (10,393 ) (9,758 ) Deferred tax liabilities (33,007 ) (28,898 ) Net deferred tax liabilities $ (24,581 ) $ (22,442 ) The increase in the income tax expense for fiscal year 2017 primarily due the Company’s overall net income before tax position in fiscal year 2017 2016, $34 2016, 2016. 2017 29% 39% 2016. During the fiscal year ended May 28, 2017, $19 2,000 2016 09, The Company elected to early adopt the new guidance of ASU 2016 09, Compensation – Stock Compensation (Topic 718 Improvements to Employee Share-Based Payments Accounting May 30, 2016. 1 $549 ,000 2 $200 ,000 $126 ,000 $74 ,000 3 $150,000 $463,000 May 29, 2016 May 31, 2015, As of May 2 8, 2017, $6.8 $5.7 $3.0 2032 not 2012. 1986 The Company has California research and development tax credits carryforwards of approximately $1.2 Valuation allowances are reviewed each period on a tax jurisdiction by jurisdiction basis to analyze whether there is sufficient positive or negative evidence to support a change in judgment about the realizability of the related deferred tax assets. Based on this analysis and considering all positive and negative evidence, the Company determined that a valuation allowance of $1.3 not not The accounting for uncertainty in income taxes recognized in an enterprise’s financial statements prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return, and the derecognition of tax benefits, classification on the balance sheet, interest and penalties, accounting in interim periods, disclosure, and transition. A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands): As of May 28 , 2017 May 29, 2016 May 31, 2015 Unrecognized tax benefits – beginning of the period $ 842 $ 987 $ 1,035 Gross increases – tax positions in prior period 11 1 17 Gross decreases – tax positions in prior period (90 ) (223 ) (141 ) Gross increases – current-period tax positions 93 77 76 Lapse of statute of limitations (319 ) — — Unrecognized tax benefits – end of the period $ 537 $ 842 $ 987 As of May 28, 2017, $537 ,000, $419 ,000, not May 28, 2017. $215 ,000 12 . Due to tax attribute carryforwards, the Company is subject to examination for tax years 2013 risdictions for tax years 1998 none

Note 9 - Commitments and Contin

Note 9 - Commitments and Contingencies	12 Months Ended
	May 28, 2017
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	9 . Commitments and Contingencies Operating Leases Landec leases land, facilities, and equipment under operating lease agreements with various terms and conditions, which expire at various dates through fiscal year 2030. The approximate future minimum lease payments under these operating leases at May 28, 2017 Amount Fiscal year 2018 $ 3,349 Fiscal year 2019 2,301 Fiscal year 2020 1,286 Fiscal year 2021 1,138 Fiscal year 2022 906 Thereafter 6,771 Total $ 15,751 Rent expense for operating leases, including month to month arrangements was $5.6 $4.5 $5.0 2017, 2016 2015, Capital Leases On September 3, 2015, 65,000 two seven two five seven May 28, 2017 $3.7 $34,000 2.4% not January 1, 2016. $104,000 May 28, 2017 . Future minimum lease payments under capital leases for each year presented as are follows (in thousands): Fiscal year 2018 $ 462 Fiscal year 2019 472 Fiscal year 2020 483 Fiscal year 2021 486 Fiscal year 2022 460 Thereafter 3,491 Total minimum lease payment 5,854 Less: amounts representing interest and taxes (2,053 ) Total 3,801 Less : current portion included in other accrued liabilities (70 ) Long-term capital lease obligation $ 3,731 Purchase Commitments At May 28, 2017, $19.1 2018 $32.2 $30.5 $16.8 2017, 2016 2015, Legal Contingencies In the ordinary course of business, the Company is involved in various legal proceedings and claims. The Company makes a provision for a liability relating to legal matters when it is both probable that a liability has been incurred and the amount of the loss can be reasonably estimated. These provisions are reviewed at least each fiscal quarter and adju sted to reflect the impacts of negotiations, estimate settlements, legal rulings, advice of legal counsel and other information and events pertaining to a particular matter. Legal fees are expensed in the period in which they are incurred. Apio has been the target of a union organizing campaign which has included two 100 100 The legal actions consist of three 1 2 3 two 100 A settlement of the ULPs among the union, Apio, and Pacific Harvest that were pending before the NLRB was approved on December 27, 2016 $310,000. $155,000. May 5, 2017, September 2011 $6.0 three $2.4 July 3, 2017, $1.8 November 2017 $1.8 July 2018. one first $2.4 July 3, 2017 $1.2 second $1.8 November 2017, one third July 2018. ’s recourse against non-payment by Pacific Harvest is its security interest in assets owned by Pacific Harvest. During the twelve May 28, 2017, $2.6 twelve May 28, 2017 May 29, 2016, $2.1 $542 ,000, May 28, 2017, $3.2

Note 10 - Employee Savings and

Note 10 - Employee Savings and Investment Plans	12 Months Ended
	May 28, 2017
Notes to Financial Statements
Pension and Other Postretirement Benefits Disclosure [Text Block]	10 . Employee Savings and Investment Plans The Company sponsors a 401 Landec Plan”), allows participants to contribute from 1% 50% 100% first 3% 50% 2% 2017, 2016 2015, $1.5 $1.3 $1.2 ,

Note 11 - Business Segment Repo

Note 11 - Business Segment Reporting	12 Months Ended
	May 28, 2017
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	11 . Business Segment Reporting The Company manages its business operations through three ged Fresh Vegetables segment, the Food Export segment and the Biomaterials segment. The Packaged Fresh Vegetables segment markets and packs specialty packaged whole and fresh-cut fruit and vegetables, the majority of which incorporate the BreatheWay spec ialty packaging for the retail grocery, club store and food services industry. In addition, the Packaged Fresh Vegetables segment sells BreatheWay packaging to partners for fruit and vegetable products. The Food Export segment consists of revenues generated from the purchase and sale of primarily whole commodity fruit and vegetable products predominantly to Asia. The Biomaterials segment sells products utilizing hyaluronan, a naturally occurring polysaccharide that is widely distributed in the extracellular matrix of connective tissues in both animals and humans, and non-HA products for medical use primarily in the Ophthalmic, Orthopedic and other markets. Other includes licensing and R&D activities from Landec’s Intelimer polymers for agricultural products, personal care products and other industrial products and from the operations of the O Olive business from its acquisition date of March 1, 2017 28, 2017. The Company ’s international sales by geography are based on the billing address of the customer and were as follows (in millions): Year Ended May 28, 2017 May 29, 2016 May 31, 2015 Canada $ 69.3 $ 80.6 $ 79.7 Taiwan $ 30.0 $ 32.3 $ 32.1 Belgium $ 21.0 $ 13.4 $ 6.8 China $ 12.1 $ 8.3 $ 9.0 Indonesia $ 8.5 $ 9.4 $ 9.0 Japan $ 7.4 $ 6.4 $ 8.5 All Other Countries $ 13.0 $ 17.0 $ 18.4 Operations by segment consisted of the following (in thousands): Year Ended May 28, 2017 Packaged Fresh Vegetables Food Export Biomaterials Other Total Net sales $ 408,021 $ 62,481 $ 59,392 $ 2,363 $ 532,257 International sales $ 69,802 $ 62,481 $ 29,053 $ — $ 161,336 Gross profit $ 51,148 $ 3,974 $ 26,755 $ 1,309 $ 83,186 Net income (loss) $ 2,722 $ 669 $ 10,228 $ (3,029 ) $ 10,590 Identifiable assets $ 211,381 $ 27,087 $ 104,492 $ 15,648 $ 358,608 Depreciation and amortization $ 7,312 $ — $ 3,054 $ 311 $ 10,677 Capital expenditures $ 12,150 $ — $ 9,902 $ 540 $ 22,592 Dividend income $ 1,650 $ — $ — $ — $ 1,650 Interest income $ 16 $ — $ — $ — $ 16 Interest expense, net $ 674 $ — $ 13 $ 1,139 $ 1,826 Income tax expense $ 823 $ 189 $ 2,938 $ 385 $ 4,335 Year Ended May 29, 2016 Net sales $ 423,859 $ 64,181 $ 50,470 $ 2,589 $ 541,099 International sales $ 81,242 $ 64,181 $ 21,993 $ — $ 167,416 Gross profit $ 40,479 $ 4,176 $ 24,081 $ 2,221 $ 70,957 Net income (loss) $ (31,975 ) $ 699 $ 9,499 $ 10,136 $ (11,641 ) Identifiable assets $ 212,524 $ 29,124 $ 98,986 $ 2,019 $ 342,653 Depreciation and amortization $ 6,648 $ 1 $ 2,606 $ 140 $ 9,395 Capital expenditures $ 26,892 $ — $ 13,975 $ — $ 40,867 Dividend income $ 1,650 $ — $ — $ — $ 1,650 Interest income $ 46 $ — $ 25 $ — $ 71 Interest expense, net $ 1,721 $ — $ 266 $ — $ 1,987 Income tax expense (benefit) $ 415 $ 143 $ 1,946 $ (9,908 ) $ (7,404 ) Year Ended May 31, 2015 Net sales $ 430,415 $ 67,837 $ 40,432 $ 573 $ 539,257 International sales $ 80,500 $ 67,714 $ 15,246 $ — $ 163,460 Gross profit $ 45,993 $ 4,252 $ 14,609 $ 553 $ 65,407 Net income (loss) $ 17,145 $ 1,041 $ 3,838 $ (8,480 ) $ 13,544 Identifiable assets $ 228,672 $ 27,746 $ 85,779 $ 4,268 $ 346,465 Depreciation and amortization $ 4,766 $ 6 $ 2,184 $ 134 $ 7,090 Capital expenditures $ 12,895 $ — $ 4,499 $ 117 $ 17,511 Dividend income $ 1,417 $ — $ — $ — $ 1,417 Interest income $ 32 $ — $ 254 $ 29 $ 315 Interest expense, net $ 1,655 $ — $ 174 $ — $ 1,829 Income tax expense $ 792 $ 48 $ 177 $ 6,729 $ 7,746

Note 12 - Quarterly Consolidate

Note 12 - Quarterly Consolidated Financial Information (Unaudited)	12 Months Ended
	May 28, 2017
Notes to Financial Statements
Quarterly Financial Information [Text Block]	12 . Quarterly Consolidated Financial Information (unaudited) The following is a summary of the unaudited quarterly results of operations for fiscal years 2017, 2016 2015 amounts): F iscal Year 2017 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Annual Revenues $ 132,394 $ 135,865 $ 136,568 $ 127,430 $ 532,257 Gross profit $ 21,144 $ 18,953 $ 23,432 $ 19,657 $ 83,186 Net income (loss) $ 3,312 $ 1,326 $ 3,500 $ 2,452 $ 10,590 Net income (loss) per basic share $ 0.12 $ 0.05 $ 0.13 $ 0.09 $ 0.39 Net income (loss) per diluted share $ 0.12 $ 0.05 $ 0.13 $ 0.09 $ 0.38 Fiscal Year 2016 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Annual Revenues $ 135,355 $ 140,441 $ 129,990 $ 135,313 $ 541,099 Gross profit $ 17,977 $ 17,265 $ 12,931 $ 22,784 $ 70,957 Net income (loss) $ 2,952 $ 1,868 $ (21,190 ) $ 4,729 $ (11,641 ) Net income (loss) per basic share $ 0.11 $ 0.07 $ (0.78 ) $ 0.17 $ (0.43 ) Net income (loss) per diluted share $ 0.11 $ 0.07 $ (0.78 ) $ 0.17 $ (0.43 ) Fiscal Year 2015 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Annual Revenues $ 133,614 $ 132,665 $ 138,530 $ 134,448 $ 539,257 Gross profit $ 14,188 $ 15,666 $ 16,885 $ 18,668 $ 65,407 Net income $ 2,353 $ 3,223 $ 3,772 $ 4,196 $ 13,544 Net income per basic share $ 0.09 $ 0.12 $ 0.14 $ 0.16 $ 0.50 Net income per diluted share $ 0.09 $ 0.12 $ 0.14 $ 0.15 $ 0.50

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	May 28, 2017
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Basis of Presentation and Consolidation The consolidated financial statements are presented on t he accrual basis of accounting in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”) and include the accounts of Landec Corporation and its subsidiaries, Apio and Lifecore. All material inter-company transactions and balances have been eliminated. Arrangements that are not he guidance for variable interest entities (“VIEs”). A company is required to consolidate the assets, liabilities and operations of a VIE if it is determined to be the primary beneficiary of the VIE. An entity is a VIE and subject to consolidation, if b y design: a) the total equity investment at risk is not one three not
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make certain estimates and judgments that affect the amounts reported in the financial statements and accompanying notes. The accounting estimates that require management’s most significant and subjective judgments include revenue recognition; loss contingencies; sales returns and allowances; self-insurance liabilities; recognition and measurement of current and deferred income tax assets and liabilities; the assessment of recoverability of long-lived assets including intangible assets and inventory; the valuation of investments; and the valuation and recognition of stock-based compensation. These estimates involve the consideration of complex factors and require management to make judgments. The analysis of historical and future trends can require extended periods of time to resolve and are subject to change from period to per iod. The actual results may
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentrations of Risk Cash and cash equivalents, marketable securities, trade accounts receivable, grower advances and notes receivable are financial instruments that potentially subject the Company to concentrations of credit risk. Our Company policy limits, among other thing s, the amount of credit exposure to any one one Several of the raw materials the Company uses to manufacture its products are currently purchased from a single source, including some monomers used to synthesize Intelimer polymers, substrate materials for its breathable membrane products and raw materials for its HA products. The operations of Windset Holdings 2010 26.9% During the fiscal year ended May 28, 2017, five 44% two 18% 14%, 30% none 5% May 28, 2017, two 12% 17%, During the fiscal year ended May 29, 2016, five 45% two 20% 12%, 31% none 5% May 29, 2016, two 13% 15%,
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	Impairment of Long-Lived Assets Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that their carrying amounts may not ty of assets is measured by comparison of the carrying amount of the asset to the net undiscounted future cash flow expected to be generated from the asset. If the future undiscounted cash flows are not
Fair Value of Financial Instruments, Policy [Policy Text Block]	Financial Instruments The Company ’s financial instruments are primarily composed of commercial-term trade payables, grower advances, notes receivable, debt instruments and derivative instruments. For short-term instruments, the historical carrying amount approximates the fair value of the instrument. The fair value of long-term debt and lines of credit approximates their carrying value. Cash Flow Hedges The Company entered into an interest rate swap agreement to manage interest rate risk. This derivative instrument may changes in interest expense. The Company designates this derivative instrument as a cash flow hedge. The Company accounts for its derivative instrument as either an asset or a liability and carries it at fair value in Other assets or Other non-current liabilities. The accounting for changes in the fair value of the derivative instrument depends on the intended use of the derivative instrument and the resulting designation. For derivative instruments that hedge the exposure to variability in expected future cash flows that are designated as cash flow hedges, the effective portion of the gain or loss on the derivative instrument is reported as a component of Accumulated Other Comprehensive Income in Stockholders’ Equity and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. The ineffective portion of the gain or loss on the derivative instrument, if any, is recognized in earnings in the current period. To receive hedge accounting treatment, cash flow hedges must be highly effective in offsetting changes to expected future cash flows on hedged transactions. Comprehensive income consists of two OCI”). OCI refers to revenue, expenses, and gains and losses that under GAAP are recorded as a component of stockholders’ equity but are excluded from net income. The Company’s OCI consists of net deferred gains and losses on its interest rate swap derivative instrument accounted for a cash flow hedge. The components of OCI, net of tax, are as follows (in thousands): Unrealized Gains on Cash Flow Hedge Balance as of May 29, 2016 $ — Other comprehensive income before reclassifications, net of tax effect 432 Amounts reclassified from OCI — Other comprehensive income, net 432 Balance as of May 28, 2017 $ 432 The Company does not 12 Based on these assumptions, management believes the fair market values of the Company’s financial instruments are not May 28, 2017 May 29, 2016 .
Trade and Other Accounts Receivable, Policy [Policy Text Block]	Accounts Receivable and Sales Returns and Allowance for Doubtful Accounts The Company carries its accounts receivable at their face amounts less an allowance for estimated sales returns and doubtful accounts. Sales return allowances are estimated based on historical sales return amounts. Further, on a periodic basis, the Company evaluates its accounts receivable and establishes an allowance for doubtful accounts and estimated losses resulting from the inability of its customers to make required payments. The allowance for doubtful accounts is determined based on review of the overall condition of accounts receivable balances and review of significant past due accounts. The allowance for doubtful accounts is based on specific identification of past due amounts and for accounts over 90 Balance at beginning of period Adjustments charged to revenue and expenses Write offs, net of recoveries Balance at end of period Year Ended May 31, 2015 $ 516 $ — $ (134 ) $ 382 Year E nded May 29, 2016 $ 382 $ 63 $ (110 ) $ 335 Year E nded May 28, 2017 $ 335 $ 519 $ (453 ) $ 401
Revenue Recognition, Policy [Policy Text Block]	Revenue Recognition Revenue from product sales is recognized when there is persuasive evidence that an arrangement exists, title has transferred, the price is fixed and determinable, and collectability is reasonably assured. Allowances are established for estimated uncollect ible amounts, product returns, and discounts based on specific identification and historical losses. Apio ’s Packaged Fresh Vegetables revenues generally consist of revenues generated from the sale of specialty packaged fresh-cut and whole value-added vegetable products that are generally washed and packaged in Apio’s proprietary packaging and sold under Apio’s Eat Smart and GreenLine brands and various private labels. Revenue is generally recognized upon shipment of these products to customers. The Company takes title to all produce it trades and/or packages, and therefore, records revenues and cost of sales at gross amounts in the Consolidated Statements of Comprehensive Income (Loss). In addition, Packaged Fresh Vegetables revenues include the revenues genera ted from Apio Cooling, LP, a vegetable cooling operation in which Apio is the general partner with a 60% Apio ’s Food Export revenues consist of revenues generated from the purchase and sale of primarily whole commodity fruit and vegetable products to Asia through its subsidiary, Cal-Ex Trading Company (“Cal-Ex”). As most Cal-Ex customers are in countries outside of the U.S., title transfers and revenue is generally recognized upon arrival of the shipment in the foreign port. Apio records revenue equal to the sale price to third Lifecore ’s Biomaterials business principally generates revenue through the sale of products containing HA. Lifecore primarily sells products to customers in three 1 65% 2017, 2 15% 2017, 3 20% 2017. Lifecore ’s business development revenues, a portion of which are included in all three Contract R&D revenue is recorded as earned, based on the performance requirements of the contract. Non-refundable contract fees for which no no For sales arrangements that contain multiple elements, the Company splits the arrangement into separate units of accounting if the individually delivered elements have value to the customer on a standalone basis. The Company also e valuates whether multiple transactions with the same customer or related party should be considered part of a multiple element arrangement, whereby the Company assesses, among other factors, whether the contracts or agreements are negotiated or executed within a short time frame of each other or if there are indicators that the contracts are negotiated in contemplation of each other. The Company then allocates revenue to each element based on a selling price hierarchy. The relative selling price for a deliverable is based on its vendor-specific objective evidence (“VSOE”), if available, third not not The C ompany limits the amount of revenue recognition for delivered elements to the amount that is not not not not For licensing revenue, the initial license fees are deferred and amortized to revenue over the period of the agreement when a contract exists, the fee is fixed and determinable, and collectability is reasonably assured. Noncancellable, nonrefundable license fees are recognized over the period of the agreement, including those governing research and development activities and any related supply agreement entered into concurrently with the license when the risk associated with commercialization of a product is non-substantive at the outset of the arrangement. From time to time, the Company offers customers sales incentives, which include volume rebates and discounts. These amounts are estimated on a quarterly basis and recorded as a reduction of revenue. A summary of revenues by typ e of arrangement as described above is as follows (in thousands): Year E nded May 28, 2017 May 29, 2016 May 31, 2015 Recorded upon shipment $ 456,512 $ 458,985 $ 465,848 Recorded upon acceptance in foreign port 62,481 64,181 67,714 Revenue from multiple element arrangements 8,431 13,400 4,253 Revenue from license fees, R&D contracts and royalties /profit sharing 4,833 4,533 1,806 Total $ 532,257 $ 541,099 $ 539,257
Shipping and Handling Cost, Policy [Policy Text Block]	Shipping and Handling Costs Amounts billed to third to the end consumer markets.
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents The Company records all highly liquid securities with three ivalents consist mainly of money market funds. The market value of cash equivalents approximates their historical cost given their short-term nature.
Inventory, Policy [Policy Text Block]	Inventories Inventories are stated at the lower of cost (using the first first realizable value. As of May 28, 2017 May 29, 2016 Year Ended May 28 , 2017 May 29, 2016 Finished goods $ 11,685 $ 12,165 Raw materials 10,158 9,855 Work in progress 3,447 3,515 Total inventories $ 25,290 $ 25,535 If the cost of the inventories exceeds their net realizable value, provisions are recorded currently to reduce them to net realizable value. The Company also records a provision for slow moving and obsolete inventories based on the estimate of demand for its products.
Advertising Costs, Policy [Policy Text Block]	Advertising Expense Advertising expenditures for the Company are expensed as incurred. Advertising expense for the Company for fiscal years 2017, 2016, 2015 $1.9 $2.1 $1.3
Receivables, Policy [Policy Text Block]	Notes and Advances Receivable Apio issues notes and makes advances to produce growers for their crop and harvesting costs primarily for the purpose of sourcing crops for Apio's business . Notes and advances receivable are generally recovered during the growing season (less than one three nine not May 28, 2017 May 29, 2016 $1.0 $2.3 .
Related Party Transactions Policy [Policy Text Block]	Related Party Transactions The Company sold products to and earned license fees from Windset during the last three 2017, 2016, 2015, $514,000, $666,000, $537,000, $388,000 $523,000 May 28, 2017 May 29, 2016, Additionally, unrelated to the revenue transactions above, the Company purchases produce from Win dset for sale to third 2017, 2016, 2015, $22,000, $32,000, $1.6 $22,000 zero May 28, 2017 May 29, 2016, All related party t ransactions are monitored quarterly by the Company and approved by the Audit Committee of the Board of Directors.
Property, Plant and Equipment, Policy [Policy Text Block]	Property and Equipment Property and equipment are stated at cost. Expenditures for major improvements are capitalized while repairs and ma intenance are charged to expense. Depreciation is expensed on a straight-line basis over the estimated useful lives of the respective assets, generally three forty three twenty The Company capitalizes software development costs for internal use in accordance with accounting guidance. Capitalization of software development costs begins in the application development stage and ends when the asset is placed into service. The Company amortizes such costs on a straight-line basis over estimated useful lives of three seven 2017, 2016, 2015, $2.2 $174,000, $509,000
Goodwill and Intangible Assets, Policy [Policy Text Block]	Long-Lived Assets The Company ’s Long-Lived Assets consist of property, plant and equipment, and intangible assets. Intangible assets are comprised of customer relationships with an estimated useful life of eleven thirteen March 2017, ( April 2012, ( April 2010 December 1999. , and the acquisitions of Apio and GreenLine were allocated to the Packaged Fresh Vegetables reporting unit based May 28, 2017, $5.2 $13.9 , the Food Export reporting unit had $269,000 $35.5 Property, plant and equipment and finite-lived intangible assets are reviewed for possible impairment whenever events or changes in circumstances occur that indicate that the carrying amoun t of an asset (or asset group) may not may The Company tests its indefinite-lived intangible assets for impairment at least annually, in accordance with accounting guidance. For all in definite-lived assets, including goodwill, the Company performs a qualitative analysis in accordance with ASC 350 30 35. During fiscal year 2016, $34.0 no 2017. On a quarterly basis, the Company considers the need to update its most recent annual tests for possible impairment of its indefinite-liv ed intangible assets, based on management’s assessment of changes in its business and other economic factors since the most recent annual evaluation. Such changes, if significant or material, could indicate a need to update the most recent annual tests for impairment of the indefinite-lived intangible assets during the current period. The results of these tests could lead to write-downs of the carrying values of these assets in the current period. In the annual impairment test, the Company assesses quali tative factors to determine whether it is necessary to perform the quantitative goodwill impairment test. In assessing the qualitative factors, management considers the impact of these key factors: macro-economic conditions, industry and market environment, cost factors , overall financial performance of the Company, cash flow from operating activities, market capitalization, litigation, and stock price. If management determines as a result of the qualitative assessment that it is more likely than not 50 no If a quantitative test is required, the Company would compare the carrying amount of a reporting unit that includes goodwill to its fair value. The Company determines the fair value using both an income approach and a market approach. Under the income approach, fair value is determined based on estimated future cash flows, discounted by an estimated weighted-average cost of capital, which reflects the overall level of inherent risk of the Company and the rate of return an outside investor would expect to earn. Under the market-based approach, information regarding the Company is utilized as well as publicly available industry information to determine earnings multiples that are used to value the Company. A goodwill impairment loss is recognized for the amount that the carrying amount of a reporting unit, including goodwill, exceeds its fair value, limited to the total amount of goodwill allocated to that reporting unit. As of February 2 7, 2017, no not 2017 no no 2017, 2016, 2015 .
Investment In Non Public Companies [Policy Text Block]	Investment in Non-Public Company On February 15, 2011, reported as an investment in non-public company, fair value, in the accompanying Consolidated Balance Sheets as of May 28, 2017 May 29, 2016 . The Company has elected to account for its investment in Windset under the fair value option. See Note 3 .
Self Insurance Reserve [Policy Text Block]	Partial Self-Insurance on Employee Health and Workers Compensation Plans The Company provides health insurance benefits to eligible employees under self-insured plans whereby the Company pays actual medical claims subject to certain stop loss limits and self-insures its workers compensation claims. The Company records self-insurance liabilities based on actual claims filed and an estimate of those claims incurred but not not May 28, 2017. may
Revenue Recognition, Deferred Revenue [Policy Text Block]	Deferred Revenue Cash received in advance of services performed are recorded as deferred revenue.
Non-controlling Interest [Policy Text Block]	Non-Controlling Interest The Company reports all non-controlling interests as a separate component of stockholders ’ equity. The non-controlling interest’s share of the income or loss of the consolidated subsidiary is reported as a separate line item in our Consolidated Statements of Comprehensive Income (Loss), following the consolidated net income (loss) caption. In connection with the acquisition of Api o, Landec acquired Apio’s 60%
Income Tax, Policy [Policy Text Block]	Income Taxes The Company accounts for income taxes in accordance with accounting guidance which requires that deferred tax assets and liabilities be recognized using enacted tax rates for the effect of temporary differences between the book and tax basis of recorded a ssets and liabilities. The Company maintains valuation allowances when it is likely that all or a portion of a deferred tax asset will not May 28, 2017, $1.3 In addition to valuation allowances, the Company establishes accruals for uncertain tax positions. The tax-contingency accruals are adjusted in light of changing facts and circumstances, such as the progress of tax audits, case law and emerging legislation. The Company recognizes interest and penalties related to uncertain tax positions as a component of income tax expense. The Company’s effective tax rate includes the impact of tax-contingency accruals as considered appropriate by management. A number of years may nal outcome or the timing of resolution of any particular tax matter, the Company believes its tax-contingency accruals are adequate to address known tax contingencies. Favorable resolution of such matters could be recognized as a reduction to the Company’s effective tax rate in the year of resolution. Unfavorable settlement of any particular issue could increase the effective tax rate. Any resolution of a tax issue may
Earnings Per Share, Policy [Policy Text Block]	Per Share Information Accounting guidance requires the presentation of basic and diluted earnings per share. Basic earnings per share excludes any dilutive eff ects of options, warrants and convertible securities and is computed using the weighted average number of common shares outstanding. Diluted earnings per share reflect the potential dilution as if securities or other contracts to issue common stock were exercised or converted into common stock. Diluted common equivalent shares consist of stock options and restricted stock units, calculated using the treasury stock method. The following table sets forth the computation of diluted net income (loss) per share (in thousands, except per share amounts): Year E nded May 28, 2017 May 29, 2016 May 31, 2015 Numerator: Net income (loss) applicable to Common Stockholders $ 10,590 $ (11,641 ) $ 13,544 Denominator: Weighted average shares for basic net income (loss) per share 27,276 27,044 26,884 Effect of dilutive securities: Stock options and restricted stock units 376 — 452 Weighted average shares for diluted net income (loss) per share 27,652 27,044 27,336 Diluted net income (loss) per share $ 0.38 $ (0.43 ) $ 0.50 Options to purchase 1,428,272 371,115 $13.58 $14.02 May 28, 2017 May 31, 2015, not Due to the Company ’s net loss for fiscal year 2016, 1.6 2016.
Cost of Sales, Policy [Policy Text Block]	Cost of Sales The Company includes in cost of sales all the costs related to the sale of produc ts. These costs include the following: raw materials (including produce, packaging, syringes and fermentation and purification supplies), direct labor, overhead (including indirect labor, depreciation, and facility related costs) and shipping and shipping related costs.
Research and Development Expense, Policy [Policy Text Block]	Research and Development Expenses Costs related to both research and development contracts and Company-funded research is included in research and development expenses. Research and development costs are primarily comprised of salaries a nd related benefits, supplies, travel expenses, consulting expenses and corporate allocations.
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	Accounting for Stock-Based Compensation The Company ’s stock-based awards include stock option grants and restricted stock unit awards (“RSUs”). The Company records compensation expense for stock-based awards issued to employees and directors in exchange for services provided based on the estimated fair value of the awards on their grant dates and is recognized over the required service periods generally the vesting period. The following table summarizes the stock-based compensation for options and RSUs (in thousands): Year E nded May 28, 2017 May 29, 2016 May 31, 2015 Options $ 1,230 $ 1,352 $ 561 RSUs 2,734 2,113 1,016 Total stock-based compensation $ 3,964 $ 3,465 $ 1,577 The following table summarizes the stock-based compensation by income statement line item (in thousands): Year E nded May 28, 2017 May 29, 2016 May 31, 2015 Cost of sales $ 485 $ 405 $ 142 Research and development 83 90 16 Selling, general and administrative 3,396 2,970 1,419 Total stock-based compensation $ 3,964 $ 3,465 $ 1,577 The estimated fair value for stock options, which determines the Company ’s calculation of stock-based compensation expense, is based on the Black-Scholes option pricing model. RSUs are valued at the closing market price of the Company’s common stock on the date of grant. The Company uses the straight-line single option method to calculate and recognize the fair value of stock-based compensation arrangements. The Black-Scholes option pricing model requires the input of highly subjective assumptions, including the expected stock price volatility and expected life of option awards, which have a significant i mpact on the fair value estimates. As of May 28, 2017, May 29, 2016 May 31, 2015, Year E nded May 28, 2017 May 29, 2016 May 31, 2015 Expected life (in years) 3.50 3.38 3.25 Risk-free interest rate 1.08 % 1.09 % 1.00 % Volatility 26 % 31 % 32 % Dividend yield 0 % 0 % 0 % The weighted average estimated fair value of Landec employee stock options granted at grant date market prices during the fiscal years ended May 28, 2017, May 29, 2016 May 31, 2015 $2.37, $2.85 $3.42 No May 28, 2017, May 29, 2016 May 31, 2015.
Fair Value Measurement, Policy [Policy Text Block]	Fair Value Measurements The Company uses fair value measurement accounting for financial assets and liabilities and for financial instruments and certain other items measured at fair value. The Company has elected the fair value option for its investment in a non-public company. See Note 3 not The accounting guidance established a three lue measurements, which prioritizes the inputs used in measuring fair value as follows: Level 1 – observable inputs such as quoted prices for identical instruments in active markets. Level 2 – inputs other than quoted prices in active markets that are observable either directly or indirectly through corroboration with observable market data. Level 3 – unobservable inputs in which there is little or no As of May 2 8, 2017, The fair value of the Company ’s interest rate swap is determined based on model inputs that can be observed in a liquid market, including yield curves, and is categorized as a Level 2 The Company has elected the fair value option of accounting for it s investment in Windset. The calculation of fair value utilizes significant unobservable inputs, including projected cash flows, growth rates, and discount rates. As a result, the Company’s investment in Windset is considered to be a Level 3 twelve May 28, 2017 26.9% At May 28, 2017 At May 29, 2016 Revenue growth rates 4 % 4 % Expense growth rates 4 % 4 % Income tax rates 15 % 15 % Discount rates 12 % 12.5 % The revenue growth, expense growth, and income tax rate assumptions are considered the Company's best estimate of the trends in those items over the discount period. The discount rate assumption takes into account the risk-free rate of return, the market equity risk premium, and the company’s specific risk premium and then applies an additional discount for lack of liquidity of the underlying securities. The discounted cash flow valuation model used by the Company has the following sensitivity to changes in inputs and assumptions (in thousands): Impact on value of investment in Windset as of May 28, 2017 10% increase in revenue growth rates $ 6,900 10% increase in expense growth rates $ (1,900 ) 10% increase in income tax rates $ (600 ) 10% increase in discount rates $ (4,500 ) Imprecision in estimating unobservable market inputs can affect the amount of gain or loss recorded for a particular position. The use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting date. The following table summarizes the fair value of the Company ’s assets and liabilities that are measured at fair value on a recurring basis (in thousands): Fair Value at May 28, 2017 Fair Value at May 29, 2016 Assets: Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Interest rate swap (1) $ — $ 688 $ — $ — $ — $ — Investment in non-public company — — 63,600 — — 62,700 Total $ — $ 688 $ 63,600 $ — $ — $ 62,700 ( 1 Recorded in Other assets.
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements Recently Adopted Pronouncements Statement of Cash Flows In August 2016, FASB”) issued Accounting Standards Update (“ASU”) 2016 15, Statement of Cash Flows (Topic 230 2016 15” 2016 15 230. 2016 15 eight one 15 December 2017, 2016 15 November 27, 2016. no Debt Iss uance Costs In April 2015, 2015 03, Interest - Imputation of Interest (Subtopic 835 30 2015 03” not In August 2015, 2015 15, Presentation and Subsequent Measurement of Debt Issuance Costs Associated With Line-of-Credit Arrangements 2015 15” 2015 15 835 30 not The Company adopted ASU 2015 03 2015 15 first August 28, 2016 May 29, 2016 2015 03 as to reclassify total debt issuance costs of $817,000 May 29, 2016 May 29, 2016 1 $175,000 2 $642,000 3 $817,000 no 2015 15 $120,000 $431,000 May 28, 2017. 2015 03 2015 15 not no Stock-Based Compensation In March 2016, 2016 09, Compensation - Stock Compensation (Topic 718 2016 09” no May 29, 2017, The Company elected to early adopt the new guidance during its first quarter ended August 28, 2016. 1 $549,000 2 $200,000 $126,000 $74,000 3 $150,000 $463,000 May 29, 2016 May 31, 2015, 8 Goodwill Impairment In January 2017 , the FASB issued ASU 2017 04, Intangibles - Goodwill and Other (Topic 350 2017 04" two 2017 04, not 2017 04 December 15, 2019, January 1, 2017. May 2017, 2017 04, no Recently Issued Pronouncements to be Adopted Revenue Recognition In May 2014, 2014 09, 606 , Revenue from Contracts with Customers 605, Revenue Recognition 2014 09” five 2014 09. first 2019 Currently, the Company is in the process of evaluating the impact of the adoption of ASU 2014 09. ● Finished goods product sales (Packaged Fresh Vegetables); ● Shipping and handling (Packaged Fresh Vegetables); ● Buy-sell product sales (Food Export); ● Product development and contract manufacturing arrangements (Biomaterials). The Company ’s assessment efforts to date have included reviewing current accounting policies, processes, and systems requirements, as well assigning internal resources and third 2014 09. 2014 09 2014 09 Currently, the Company cannot reasonably estimate the impact the applica tion of ASU 2014 09 2014 09, may Leases In February 2016, 2016 02, Leases (Topic 842 2016 02” 2016 02 2016 02 first 2020 The Company is currently in the process of evaluating the impact that ASU 2016 02 osures. The Company’s assessment efforts to date have included: ● Reviewing the provisions of ASU 2016 02; ● Gathering information to evaluate its lease population and portfolio; ● Evaluating the nature of its real and personal property and other arrangements that may ● Systems ’ readiness evaluations. As a result of these efforts, the Company currently anticipates that the adoption of ASU 2016 02 ill have a significant impact to its long-term assets and liabilities, as, at a minimum, virtually all of its leases designated as operating leases in Note 9 not

Note 1 - Organization, Basis 22

Note 1 - Organization, Basis of Presentation and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	May 28, 2017
Notes Tables
Comprehensive Income (Loss) [Table Text Block]	Unrealized Gains on Cash Flow Hedge Balance as of May 29, 2016 $ — Other comprehensive income before reclassifications, net of tax effect 432 Amounts reclassified from OCI — Other comprehensive income, net 432 Balance as of May 28, 2017 $ 432
Allowance for Credit Losses on Financing Receivables [Table Text Block]	Balance at beginning of period Adjustments charged to revenue and expenses Write offs, net of recoveries Balance at end of period Year Ended May 31, 2015 $ 516 $ — $ (134 ) $ 382 Year E nded May 29, 2016 $ 382 $ 63 $ (110 ) $ 335 Year E nded May 28, 2017 $ 335 $ 519 $ (453 ) $ 401
Revenue Recognition, Multiple-deliverable Arrangements [Table Text Block]	Year E nded May 28, 2017 May 29, 2016 May 31, 2015 Recorded upon shipment $ 456,512 $ 458,985 $ 465,848 Recorded upon acceptance in foreign port 62,481 64,181 67,714 Revenue from multiple element arrangements 8,431 13,400 4,253 Revenue from license fees, R&D contracts and royalties /profit sharing 4,833 4,533 1,806 Total $ 532,257 $ 541,099 $ 539,257
Schedule of Inventory, Current [Table Text Block]	Year Ended May 28 , 2017 May 29, 2016 Finished goods $ 11,685 $ 12,165 Raw materials 10,158 9,855 Work in progress 3,447 3,515 Total inventories $ 25,290 $ 25,535
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Year E nded May 28, 2017 May 29, 2016 May 31, 2015 Numerator: Net income (loss) applicable to Common Stockholders $ 10,590 $ (11,641 ) $ 13,544 Denominator: Weighted average shares for basic net income (loss) per share 27,276 27,044 26,884 Effect of dilutive securities: Stock options and restricted stock units 376 — 452 Weighted average shares for diluted net income (loss) per share 27,652 27,044 27,336 Diluted net income (loss) per share $ 0.38 $ (0.43 ) $ 0.50
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]	Year E nded May 28, 2017 May 29, 2016 May 31, 2015 Options $ 1,230 $ 1,352 $ 561 RSUs 2,734 2,113 1,016 Total stock-based compensation $ 3,964 $ 3,465 $ 1,577 Year E nded May 28, 2017 May 29, 2016 May 31, 2015 Cost of sales $ 485 $ 405 $ 142 Research and development 83 90 16 Selling, general and administrative 3,396 2,970 1,419 Total stock-based compensation $ 3,964 $ 3,465 $ 1,577
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	Year E nded May 28, 2017 May 29, 2016 May 31, 2015 Expected life (in years) 3.50 3.38 3.25 Risk-free interest rate 1.08 % 1.09 % 1.00 % Volatility 26 % 31 % 32 % Dividend yield 0 % 0 % 0 %
Schedule of Effect of Significant Unobservable Inputs for Investment [Table Text Block]	At May 28, 2017 At May 29, 2016 Revenue growth rates 4 % 4 % Expense growth rates 4 % 4 % Income tax rates 15 % 15 % Discount rates 12 % 12.5 %
Schedule of Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets [Table Text Block]	Impact on value of investment in Windset as of May 28, 2017 10% increase in revenue growth rates $ 6,900 10% increase in expense growth rates $ (1,900 ) 10% increase in income tax rates $ (600 ) 10% increase in discount rates $ (4,500 )
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	Fair Value at May 28, 2017 Fair Value at May 29, 2016 Assets: Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Interest rate swap (1) $ — $ 688 $ — $ — $ — $ — Investment in non-public company — — 63,600 — — 62,700 Total $ — $ 688 $ 63,600 $ — $ — $ 62,700

Note 4 - Property and Equipme23

Note 4 - Property and Equipment (Tables)	12 Months Ended
	May 28, 2017
Notes Tables
Property, Plant and Equipment [Table Text Block]	Years of Year Ended Useful Life May 28, 2017 May 29, 2016 Land and buildings 15 - 40 $ 86,983 $ 67,192 Leasehold improvements 3 - 20 1,190 1,620 Computers, capitalized software, machinery, equipment and autos 3 - 20 97,375 87,464 Furniture and fixtures 3 - 7 1,272 901 Construction in process 6,811 17,677 Gross property and equipment 193,631 174,854 Less accumulated depreciation and amortization (60,411 ) (53,974 ) Net property and equipment $ 133,220 $ 120,880

Note 5 - Intangible Assets (Tab

Note 5 - Intangible Assets (Tables)	12 Months Ended
	May 28, 2017
Notes Tables
Schedule of Finite-Lived Intangible Assets [Table Text Block]	Trademarks and Trade names Customer Relationships Total Balance as of May 25, 2014 $ 48,428 $ 8,720 $ 57,148 Amortization expense — (885 ) (885 ) Balance as of May 31, 2015 48,428 7,835 56,263 Impairment during the period (34,000 ) — (34,000 ) Amortization expense — (867 ) (867 ) Balance as of May 29, 2016 14,428 6,968 21,396 Additions during the period 1,600 700 2,300 Amortization expense — (885 ) (885 ) Balance as of May 28, 2017 $ 16,028 $ 6,783 $ 22,811

Note 6 - Stockholders' Equity (

Note 6 - Stockholders' Equity (Tables)	12 Months Ended
	May 28, 2017
Notes Tables
Share-based Compensation, Activity [Table Text Block]	Restricted Stock Outstanding Stock Options Outstanding RSUs and Options Available for Grant Number of Restricted Shares Weighted Average Grant Date Fair Value Number of Stock Options Weighted Average Exercise Price Balance at May 25, 2014 2,000,000 149,300 $ 13.17 1,215,860 $ 8.45 Granted (1,118,857 ) 324,357 $ 13.97 794,500 $ 14.20 Awarded/Exercised — (79,219 ) $ 11.57 (205,419 ) $ 6.55 Forfeited — (1,667 ) $ 14.30 (2,223 ) $ 14.30 Plan shares expired — — — (66,000 ) $ 11.32 Balance at May 31, 2015 881,143 392,771 $ 14.15 1,736,718 $ 11.19 Granted (443,175 ) 177,675 $ 12.10 265,500 $ 12.04 Awarded/Exercised — (32,439 ) $ 13.28 (220,717 ) $ 6.44 Forfeited 28,000 (11,166 ) $ 14.36 (24,473 ) $ 14.38 Plan shares expired — — — (25,554 ) $ 9.86 Balance at May 29, 2016 465,968 526,841 $ 13.51 1,731,474 $ 11.90 Granted (370,522 ) 130,522 $ 13.37 240,000 $ 11.58 Awarded/Exercised — (130,508 ) $ 13.42 (357,639 ) $ 5.93 Forfeited 59,793 (17,500 ) $ 12.46 (42,293 ) $ 12.16 Plan shares expired — — — — — Balance at May 28 2017 155,239 509,355 $ 13.53 1,571,542 $ 13.20
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]	Options Outstanding Options Exercisable Range of Exercise Prices Number of Shares Outstanding Weighted Average Remaining Contractual Life (in years) Weighted Average Exercise Price Aggregate Intrinsic Value Number of Shares Exercisable Weighted Average Aggregate Intrinsic Value $5.77 - $14.39 1,571,542 4.68 $ 13.20 $ 1,362,499 1,021,097 $ 13.40 $ 752,758
Share-based Compensation Arrangements by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding [Table Text Block]	Outstanding Options Weighted Average Exercise Price Weighted Average Remaining Contract Term (in years) Aggregate Intrinsic Value Vested 1,021,097 $ 13.40 4.18 752,758 Expected to vest 550,445 $ 12.83 5.61 609,741 Total 1,571,542 $ 13.20 4.68 1,362,499

Note 7 - Debt (Tables)

Note 7 - Debt (Tables)	12 Months Ended
	May 28, 2017
Notes Tables
Schedule of Long-term Debt Instruments [Table Text Block]	May 28 , 2017 May 29, 2016 Term loan with JPMorgan Chase Bank (“ JPMorgan”), BMO Harris Bank N,A. (“BMO”), and City National Bank (“CNB”); due in quarterly principal and interest payments of $1,250 beginning December 1, 2016 through September 23, 2021 with the remainder due on maturity, with interest based on the Company’s leverage ratio at a per annum rate of the Eurodollar rate plus a spread of between 1.25% and 2.25% $ 47,500 $ — Real property loan agreement with General Electric Capital Corporation (“GE Capital”); due in monthly principal and interest payments of $133,060 through May 1, 2022 with interest based on a fixed rate of 4.02% per annum — 14,167 Capital equipment loan with GE Capital; due in monthly principal and interest payments of $175,356 through May 1, 2019 with interest based on a fixed rate of 4.39% per annum — 5,904 Capital equipment loan with GE Capital; due in monthly principal and interest payments of $95,120 through July 17, 2019 with interest based on a fixed rate of 3.68% per annum — 5,558 Capital equipment loan with GE Capital; due in monthly principal and interest payments of $55,828 through December 1, 2019 with interest based on a fixed rate of 3.74% per annum — 3,375 Capital equipment loan with Bank of America (“ BofA”); due in monthly principal and interest payments of $68,274 through June 28, 2020 with interest based on a fixed rate of 2.79% per annum — 3,158 Real property loan agreement with GE Capital ; due in monthly principal payments of $46,000 through March 1, 2026, plus interest payable monthly at LIBOR plus 2.25% per annum — 7,622 Capital equipment loan with GE Capital; due in monthly principal payments of $122,000 through March 1, 2021, plus interest payable monthly at LIBOR plus 2.25% per annum — 8,873 Capital equipment loan with BofA; due in monthly principal and interest payments of $75,000 through November 27, 2020 with interest based on a fixed rate of 2.92% per annum — 3,940 Industrial revenue bonds (“ IRBs”) issued by Lifecore; due in annual payments through 2020 with interest at a variable rate set weekly by the bond remarketing agent — 2,065 Total principal amount of long-term debt 47,500 54,662 Less: unamortized debt issuance costs (261 ) (817 ) Total long-term debt, net of unamortized debt issuance costs 47,239 53,845 Less: current portion of long-term debt, net (4,940 ) (7,873 ) Long-term debt, net $ 42,299 $ 45,972
Schedule of Maturities of Long-term Debt [Table Text Block]	Term Loan Fiscal year 2018 $ 5,000 Fiscal year 2019 5,000 Fiscal year 2020 5,000 Fiscal year 2021 5,000 Fiscal year 202 2 27,500 Thereafter — Total $ 47,500

Note 8 - Income Taxes (Tables)

Note 8 - Income Taxes (Tables)	12 Months Ended
	May 28, 2017
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Year Ended May 28, 2017 May 29, 2016 May 31, 2015 Current: Federal $ 1,690 $ 2,382 $ 3,480 State 57 (82 ) 43 Foreign 82 83 71 Total 1,829 2,383 3,594 Deferred: Federal 2,244 (9,177 ) 3,789 State 262 (610 ) 363 Total 2,506 (9,787 ) 4,152 Income tax expense (benefit) $ 4,335 $ (7,404 ) $ 7,746
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Year Ended May 28, 2017 May 29, 2016 May 31, 2015 Provision at U.S. statutory rate of 35% $ 5,224 $ (6,666 ) $ 7,451 State income taxes, net of federal benefit 325 (504 ) 566 Change in valuation allowance 85 6 353 Tax credits (834 ) (156 ) (375 ) S tock-based compensation (365 ) 173 142 Domestic manufacturing deduction (243 ) (307 ) (369 ) Other 143 50 (22 ) Total $ 4,335 $ (7,404 ) $ 7,746
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	Year Ended May 28, 2017 May 29, 2016 Deferred tax assets: Accruals and reserves $ 3,242 $ 1,836 Net operating loss carryforwards 2,766 3,030 Stock-based compensation 2,032 1,436 Research and AMT credit carryforwards 1,050 468 Other 661 926 Gross deferred tax assets 9,751 7,696 Valuation allowance (1,325 ) (1,240 ) Net deferred tax assets 8,426 6,456 Deferred tax liabilities: Basis difference in investment in non-public company (11,495 ) (11,125 ) Goodwill and other indefinite life intangibles (11,119 ) (8,015 ) Depreciation and amortization (10,393 ) (9,758 ) Deferred tax liabilities (33,007 ) (28,898 ) Net deferred tax liabilities $ (24,581 ) $ (22,442 )
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]	As of May 28 , 2017 May 29, 2016 May 31, 2015 Unrecognized tax benefits – beginning of the period $ 842 $ 987 $ 1,035 Gross increases – tax positions in prior period 11 1 17 Gross decreases – tax positions in prior period (90 ) (223 ) (141 ) Gross increases – current-period tax positions 93 77 76 Lapse of statute of limitations (319 ) — — Unrecognized tax benefits – end of the period $ 537 $ 842 $ 987

Note 9 - Commitments and Cont28

Note 9 - Commitments and Contingencies (Tables)	12 Months Ended
	May 28, 2017
Notes Tables
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	Amount Fiscal year 2018 $ 3,349 Fiscal year 2019 2,301 Fiscal year 2020 1,286 Fiscal year 2021 1,138 Fiscal year 2022 906 Thereafter 6,771 Total $ 15,751
Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]	Fiscal year 2018 $ 462 Fiscal year 2019 472 Fiscal year 2020 483 Fiscal year 2021 486 Fiscal year 2022 460 Thereafter 3,491 Total minimum lease payment 5,854 Less: amounts representing interest and taxes (2,053 ) Total 3,801 Less : current portion included in other accrued liabilities (70 ) Long-term capital lease obligation $ 3,731

Note 11 - Business Segment Re29

Note 11 - Business Segment Reporting (Tables)	12 Months Ended
	May 28, 2017
Notes Tables
Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area [Table Text Block]	Year Ended May 28, 2017 May 29, 2016 May 31, 2015 Canada $ 69.3 $ 80.6 $ 79.7 Taiwan $ 30.0 $ 32.3 $ 32.1 Belgium $ 21.0 $ 13.4 $ 6.8 China $ 12.1 $ 8.3 $ 9.0 Indonesia $ 8.5 $ 9.4 $ 9.0 Japan $ 7.4 $ 6.4 $ 8.5 All Other Countries $ 13.0 $ 17.0 $ 18.4
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Year Ended May 28, 2017 Packaged Fresh Vegetables Food Export Biomaterials Other Total Net sales $ 408,021 $ 62,481 $ 59,392 $ 2,363 $ 532,257 International sales $ 69,802 $ 62,481 $ 29,053 $ — $ 161,336 Gross profit $ 51,148 $ 3,974 $ 26,755 $ 1,309 $ 83,186 Net income (loss) $ 2,722 $ 669 $ 10,228 $ (3,029 ) $ 10,590 Identifiable assets $ 211,381 $ 27,087 $ 104,492 $ 15,648 $ 358,608 Depreciation and amortization $ 7,312 $ — $ 3,054 $ 311 $ 10,677 Capital expenditures $ 12,150 $ — $ 9,902 $ 540 $ 22,592 Dividend income $ 1,650 $ — $ — $ — $ 1,650 Interest income $ 16 $ — $ — $ — $ 16 Interest expense, net $ 674 $ — $ 13 $ 1,139 $ 1,826 Income tax expense $ 823 $ 189 $ 2,938 $ 385 $ 4,335 Year Ended May 29, 2016 Net sales $ 423,859 $ 64,181 $ 50,470 $ 2,589 $ 541,099 International sales $ 81,242 $ 64,181 $ 21,993 $ — $ 167,416 Gross profit $ 40,479 $ 4,176 $ 24,081 $ 2,221 $ 70,957 Net income (loss) $ (31,975 ) $ 699 $ 9,499 $ 10,136 $ (11,641 ) Identifiable assets $ 212,524 $ 29,124 $ 98,986 $ 2,019 $ 342,653 Depreciation and amortization $ 6,648 $ 1 $ 2,606 $ 140 $ 9,395 Capital expenditures $ 26,892 $ — $ 13,975 $ — $ 40,867 Dividend income $ 1,650 $ — $ — $ — $ 1,650 Interest income $ 46 $ — $ 25 $ — $ 71 Interest expense, net $ 1,721 $ — $ 266 $ — $ 1,987 Income tax expense (benefit) $ 415 $ 143 $ 1,946 $ (9,908 ) $ (7,404 ) Year Ended May 31, 2015 Net sales $ 430,415 $ 67,837 $ 40,432 $ 573 $ 539,257 International sales $ 80,500 $ 67,714 $ 15,246 $ — $ 163,460 Gross profit $ 45,993 $ 4,252 $ 14,609 $ 553 $ 65,407 Net income (loss) $ 17,145 $ 1,041 $ 3,838 $ (8,480 ) $ 13,544 Identifiable assets $ 228,672 $ 27,746 $ 85,779 $ 4,268 $ 346,465 Depreciation and amortization $ 4,766 $ 6 $ 2,184 $ 134 $ 7,090 Capital expenditures $ 12,895 $ — $ 4,499 $ 117 $ 17,511 Dividend income $ 1,417 $ — $ — $ — $ 1,417 Interest income $ 32 $ — $ 254 $ 29 $ 315 Interest expense, net $ 1,655 $ — $ 174 $ — $ 1,829 Income tax expense $ 792 $ 48 $ 177 $ 6,729 $ 7,746

Note 12 - Quarterly Consolida30

Note 12 - Quarterly Consolidated Financial Information (Unaudited) (Tables)	12 Months Ended
	May 28, 2017
Notes Tables
Quarterly Financial Information [Table Text Block]	F iscal Year 2017 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Annual Revenues $ 132,394 $ 135,865 $ 136,568 $ 127,430 $ 532,257 Gross profit $ 21,144 $ 18,953 $ 23,432 $ 19,657 $ 83,186 Net income (loss) $ 3,312 $ 1,326 $ 3,500 $ 2,452 $ 10,590 Net income (loss) per basic share $ 0.12 $ 0.05 $ 0.13 $ 0.09 $ 0.39 Net income (loss) per diluted share $ 0.12 $ 0.05 $ 0.13 $ 0.09 $ 0.38 Fiscal Year 2016 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Annual Revenues $ 135,355 $ 140,441 $ 129,990 $ 135,313 $ 541,099 Gross profit $ 17,977 $ 17,265 $ 12,931 $ 22,784 $ 70,957 Net income (loss) $ 2,952 $ 1,868 $ (21,190 ) $ 4,729 $ (11,641 ) Net income (loss) per basic share $ 0.11 $ 0.07 $ (0.78 ) $ 0.17 $ (0.43 ) Net income (loss) per diluted share $ 0.11 $ 0.07 $ (0.78 ) $ 0.17 $ (0.43 ) Fiscal Year 2015 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Annual Revenues $ 133,614 $ 132,665 $ 138,530 $ 134,448 $ 539,257 Gross profit $ 14,188 $ 15,666 $ 16,885 $ 18,668 $ 65,407 Net income $ 2,353 $ 3,223 $ 3,772 $ 4,196 $ 13,544 Net income per basic share $ 0.09 $ 0.12 $ 0.14 $ 0.16 $ 0.50 Net income per diluted share $ 0.09 $ 0.12 $ 0.14 $ 0.15 $ 0.50

Note 1 - Organization, Basis 31

Note 1 - Organization, Basis of Presentation and Summary of Significant Accounting Policies (Details Textual)

Feb. 27, 2017USD ($)

Aug. 28, 2016USD ($)

Feb. 28, 2016USD ($)

May 28, 2017USD ($)$ / sharesshares

May 29, 2016USD ($)$ / sharesshares

May 31, 2015USD ($)$ / sharesshares

Feb. 26, 2017USD ($)

May 29, 2015USD ($)

Jul. 15, 2014

Number of Proprietary Platforms

2

Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price | $ / shares

$ 13.58

$ 14.02

Financing Receivable, Net

$ 1,000,000

$ 2,300,000

Capitalized Computer Software, Additions

2.20

174,000

$ 509,000

Goodwill

54,779,000

49,620,000

[1]

Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)

$ 0

0

34,000,000

[2]

[2]

Deferred Tax Assets, Valuation Allowance

$ 1,325,000

$ 1,240,000

Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | shares

1,428,272

371,115

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares

$ 2.37

$ 2.85

$ 3.42

Advertising Expense

$ 1,900,000

$ 2,100,000

$ 1,300,000

Goodwill, Impairment Loss

0

0

0

Retained Earnings [Member]

Cumulative Effect of New Accounting Principle in Period of Adoption

[3]

423,000

Additional Paid-in Capital [Member]

Cumulative Effect of New Accounting Principle in Period of Adoption

[3]

200,000

Reclassification of Debt Issuance Costs from Assets to Reduction in Liabilities [Member] | May 29, 2016 [Member]

Prior Period Reclassification Adjustment

$ 817,000

Reclassification of Debt Issuance Costs from Other Current Assets to Reduction in Current Portion of Long-term Debt [Member] | May 29, 2016 [Member]

Prior Period Reclassification Adjustment

175,000

Reclassification of Debt Issuance Costs from Other Noncurrent Assets to Reduction in Long-term Debt [Member] | May 29, 2016 [Member]

Prior Period Reclassification Adjustment

$ 642,000

Adjustment for Unrecognized Excess Tax Benefits [Member] | Retained Earnings [Member]

Cumulative Effect of New Accounting Principle in Period of Adoption

549,000

Adjustment for Forfeitures Treatment [Member] | Retained Earnings [Member]

Cumulative Effect of New Accounting Principle in Period of Adoption

126,000

Adjustment for Forfeitures Treatment [Member] | Additional Paid-in Capital [Member]

Cumulative Effect of New Accounting Principle in Period of Adoption

200,000

Reclassifiction of Stock-based Compensation Excess Tax Benefits from Financing Activities to Operating Activities [Member]

Prior Period Reclassification Adjustment

150,000

$ 463,000

Outstanding Options and RSUs [Member]

Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | shares

1.6

GreenLine Trademark [Member]

Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)

$ 34,000,000

$ 34,000,000

Customer Relationships [Member]

Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)

Minimum [Member] | Customer Relationships [Member]

Finite-Lived Intangible Asset, Useful Life

11 years

Maximum [Member] | Customer Relationships [Member]

Finite-Lived Intangible Asset, Useful Life

13 years

Buildings and Leasehold Improvements [Member] | Minimum [Member]

Property, Plant and Equipment, Useful Life

3 years

Buildings and Leasehold Improvements [Member] | Maximum [Member]

Property, Plant and Equipment, Useful Life

40 years

Furniture and Fixtures, Computers, Capitalized Software, Capitalized Leases, Machinery, Equipment and Autos [Member] | Minimum [Member]

Property, Plant and Equipment, Useful Life

3 years

Furniture and Fixtures, Computers, Capitalized Software, Capitalized Leases, Machinery, Equipment and Autos [Member] | Maximum [Member]

Property, Plant and Equipment, Useful Life

20 years

Software Development [Member] | Minimum [Member]

Property, Plant and Equipment, Useful Life

3 years

Software Development [Member] | Maximum [Member]

Property, Plant and Equipment, Useful Life

7 years

Other Assets [Member]

Debt Issuance Costs, Line of Credit Arrangements, Net

$ 431,000

Deferred Taxes [Member] | Adjustment for Forfeitures Treatment [Member]

Cumulative Effect of New Accounting Principle in Period of Adoption

$ 74,000

HA Based Biomaterials [Member]

Goodwill

13,900,000

$ 13,900,000

Number of Product Segments

3

Other Segments [Member]

Goodwill

$ 5,200,000

$ 4,600,000

$ 4,600,000

Biomaterials [Member]

Goodwill

13,900,000

Food Export [Member]

Goodwill

269,000

Packaged Fresh Vegetables [Member]

Goodwill

$ 35,500,000

Apio Cooling, LP [Member]

Business Acquisition, Percentage of Voting Interests Acquired

60.00%

Apio Cooling, LP [Member] | Apio [Member]

Investment Ownership Percentage

60.00%

Windset [Member]

Investment Ownership Percentage

26.90%

26.90%

Customer Concentration Risk [Member] | Sales Revenue, Goods, Net [Member]

Number of Major Customers

5

Concentration Risk, Percentage

44.00%

45.00%

Customer Concentration Risk [Member] | Sales Revenue, Goods, Net [Member] | HA Based Biomaterials [Member] | Ophthalmic [Member]

Concentration Risk, Percentage

65.00%

Customer Concentration Risk [Member] | Sales Revenue, Goods, Net [Member] | HA Based Biomaterials [Member] | Orthopedic [Member]

Concentration Risk, Percentage

15.00%

Customer Concentration Risk [Member] | Sales Revenue, Goods, Net [Member] | HA Based Biomaterials [Member] | Other/Non-HA [Member]

Concentration Risk, Percentage

20.00%

Customer Concentration Risk [Member] | Sales Revenue, Goods, Net [Member] | Costco and Wal-mart [Member]

Number of Major Customers

2

2

Customer Concentration Risk [Member] | Sales Revenue, Goods, Net [Member] | Costco [Member]

Concentration Risk, Percentage

18.00%

20.00%

Customer Concentration Risk [Member] | Sales Revenue, Goods, Net [Member] | Wal-mart [Member]

Concentration Risk, Percentage

14.00%

12.00%

Customer Concentration Risk [Member] | Sales Revenue, Goods, Net [Member] | International Customers [Member]

Concentration Risk, Percentage

30.00%

31.00%

Customer Concentration Risk [Member] | Accounts Receivable [Member]

Number of Major Customers

2

2

Customer Concentration Risk [Member] | Accounts Receivable [Member] | Costco [Member]

Concentration Risk, Percentage

12.00%

13.00%

Customer Concentration Risk [Member] | Accounts Receivable [Member] | Wal-mart [Member]

Concentration Risk, Percentage

17.00%

15.00%

Windset [Member]

Accounts Receivable, Related Parties, Current

$ 388,000

$ 523,000

Investment Ownership Percentage

26.90%

Windset [Member] | Accounts Payable, Related Parties [Member]

Accounts Payable, Related Parties

$ 22,000

0

Windset [Member] | Cost of Sales [Member]

Revenue from Related Parties

514,000

666,000

537,000

Related Party Costs

$ 22,000

$ 32,000

$ 1,600,000

[1]

Derived from audited financial statements. See Note 1 - Organization, Basis of Presentation, and Summary of Significant Accounting Policies for discussion of accounting guidance adopted during the period.

[2]

See Note 1 - Organization, Basis of Presentation, and Summary of Significant Accounting Policies for a discussion of accounting principles adopted during the period.

[3]

See Note 1 - Organization, Basis of Presentation, and Summary of Significant Accounting Policies for a discussion of accounting guidance adopted during the period.

Note 1 - Organization, Basis 32

Note 1 - Organization, Basis of Presentation and Summary of Significant Accounting Policies - Components of Other Comprehensive Income (Details) - USD ($) $ in Thousands		12 Months Ended
		May 28, 2017	May 29, 2016		May 31, 2015
Balance	[1]	$ 212,350
Other comprehensive income, net		432
Balance		228,152	212,350	[1]
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]
Balance
Other comprehensive income before reclassifications, net of tax effect		432
Amounts reclassified from OCI
Other comprehensive income, net		432
Balance		$ 432
[1]	Derived from audited financial statements. See Note 1 - Organization, Basis of Presentation, and Summary of Significant Accounting Policies for discussion of accounting guidance adopted during the period.

Note 1 - Organization, Basis 33

Note 1 - Organization, Basis of Presentation, and Summary of Significant Accounting Policies - Allowance for Sales Returns and Doubtful Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	May 28, 2017	May 29, 2016	May 31, 2015
Additions from acquisitions and adjustments charged to revenue and expenses	$ 519	$ 63
Write offs, net of recoveries	(453)	(110)	(134)
Balance at end of period	401	335	382
Balance at beginning of period	$ 335	$ 382	$ 516

Note 1 - Organization, Basis 34

Note 1 - Organization, Basis of Presentation, and Summary of Significant Accounting Policies - Revenue Arrangements (Details) - USD ($) $ in Thousands	3 Months Ended												12 Months Ended
	May 28, 2017	Feb. 26, 2017	Nov. 27, 2016	Aug. 28, 2016	May 29, 2016	Feb. 28, 2016	Nov. 29, 2015	Aug. 30, 2015	May 31, 2015	Mar. 01, 2015	Nov. 30, 2014	Aug. 31, 2014	May 28, 2017	May 29, 2016	May 31, 2015
Revenues	$ 127,430	$ 136,568	$ 135,865	$ 132,394	$ 135,313	$ 129,990	$ 140,441	$ 135,355	$ 134,448	$ 138,530	$ 132,665	$ 133,614	$ 532,257	$ 541,099	$ 539,257
Revenue Recorded Upon Shipment [Member]
Revenues													456,512	458,985	465,848
Revenue Recorded Upon Acceptance in Foreign Port [Member]
Revenues													62,481	64,181	67,714
Revenue from Multiple Element Arrangements [Member]
Revenues													8,431	13,400	4,253
Revenue from License Fees, R&D Contracts and Royalties/Profit Sharing [Member]
Revenues													$ 4,833	$ 4,533	$ 1,806

Note 1 - Organization, Basis 35

Note 1 - Organization, Basis of Presentation, and Summary of Significant Accounting Policies - Components of Inventories (Details) - USD ($) $ in Thousands	May 28, 2017	May 29, 2016
Finished goods	$ 11,685	$ 12,165
Raw materials	10,158	9,855
Work in progress	3,447	3,515
Total inventories	$ 25,290	$ 25,535	[1]
[1]	Derived from audited financial statements. See Note 1 - Organization, Basis of Presentation, and Summary of Significant Accounting Policies for discussion of accounting guidance adopted during the period.

Note 1 - Organization, Basis 36

Note 1 - Organization, Basis of Presentation, and Summary of Significant Accounting Policies - Diluted Net Income Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended												12 Months Ended
	May 28, 2017	Feb. 26, 2017	Nov. 27, 2016	Aug. 28, 2016	May 29, 2016	Feb. 28, 2016	Nov. 29, 2015	Aug. 30, 2015	May 31, 2015	Mar. 01, 2015	Nov. 30, 2014	Aug. 31, 2014	May 28, 2017	May 29, 2016	May 31, 2015
Numerator:
Net income (loss)	$ 2,452	$ 3,500	$ 1,326	$ 3,312	$ 4,729	$ (21,190)	$ 1,868	$ 2,952	$ 4,196	$ 3,772	$ 3,223	$ 2,353	$ 10,590	$ (11,641)	$ 13,544
Denominator:
Weighted average shares for basic net income (loss) per share (in shares)													27,276	27,044	26,884
Effect of dilutive securities:
Stock options and restricted stock units (in shares)													376		452
Weighted average shares for diluted net income (loss) per share (in shares)													27,652	27,044	27,336
Net income (loss) per diluted share (in dollars per share)	$ 0.09	$ 0.13	$ 0.05	$ 0.12	$ 0.17	$ (0.78)	$ 0.07	$ 0.11	$ 0.15	$ 0.14	$ 0.12	$ 0.09	$ 0.38	$ (0.43)	$ 0.50

Note 1 - Organization, Basis 37

Note 1 - Organization, Basis of Presentation, and Summary of Significant Accounting Policies - Summary of Stock-based Compensation by Income Statement Line Item (Details) - USD ($) $ in Thousands	12 Months Ended
	May 28, 2017	May 29, 2016	May 31, 2015
Stock-based compensation expense	$ 3,964	$ 3,465	$ 1,577
Cost of Sales [Member]
Stock-based compensation expense	485	405	142
Research and Development Expense [Member]
Stock-based compensation expense	83	90	16
Selling, General and Administrative Expenses [Member]
Stock-based compensation expense	3,396	2,970	1,419
Employee Stock Option [Member]
Stock-based compensation expense	1,230	1,352	561
Restricted Stock Units (RSUs) [Member]
Stock-based compensation expense	$ 2,734	$ 2,113	$ 1,016

Note 1 - Organization, Basis 38

Note 1 - Organization, Basis of Presentation, and Summary of Significant Accounting Policies - Fair Value of Stock Option, Weighted Average Assumptions (Details)	12 Months Ended
	May 28, 2017	May 29, 2016	May 31, 2015
Expected life (in years) (Year)	3 years 182 days	3 years 138 days	3 years 91 days
Risk-free interest rate	1.08%	1.09%	1.00%
Volatility	26.00%	31.00%	32.00%
Dividend yield	0.00%	0.00%	0.00%

Note 1 - Organization, Basis 39

Note 1 - Organization, Basis of Presentation, and Summary of Significant Accounting Policies - Significant Unobservable Inputs Used in Discounted Cash Flow Models (Details)	12 Months Ended
	May 28, 2017	May 29, 2016
Revenue growth rates	4.00%	4.00%
Expense growth rates	4.00%	4.00%
Income tax rates	15.00%	15.00%
Discount rates	12.00%	12.50%

Note 1 - Organization, Basis 40

Note 1 - Organization, Basis of Presentation and Summary of Significant Accounting Policies - Assumptions Used in Discounted Cash Flow Models (Details) $ in Millions	May 28, 2017USD ($)
10% increase in revenue growth rates	$ 6.9
10% increase in expense growth rates	(1.9)
10% increase in income tax rates	(0.6)
10% increase in discount rates	$ (4.5)

Note 1 - Organization, Basis 41

Note 1 - Organization, Basis of Presentation, and Summary of Significant Accounting Policies - Fair Value of Assets and Liabilities (Details) - USD ($) $ in Thousands		May 28, 2017	May 29, 2016
Investment in non-public company		$ 63,600	$ 62,700	[1]
Fair Value, Inputs, Level 1 [Member]
Investment in non-public company
Total
Fair Value, Inputs, Level 1 [Member] | Interest Rate Swap [Member]
Interest rate swap (1)	[2]
Fair Value, Inputs, Level 2 [Member]
Investment in non-public company
Total		688
Fair Value, Inputs, Level 2 [Member] | Interest Rate Swap [Member]
Interest rate swap (1)	[2]	688
Fair Value, Inputs, Level 3 [Member]
Investment in non-public company		63,600	62,700
Total		63,600	62,700
Fair Value, Inputs, Level 3 [Member] | Interest Rate Swap [Member]
Interest rate swap (1)	[2]
[1]	Derived from audited financial statements. See Note 1 - Organization, Basis of Presentation, and Summary of Significant Accounting Policies for discussion of accounting guidance adopted during the period.
[2]	Recorded in Other assets.

Note 2 - Acquisition of O Oli42

Note 2 - Acquisition of O Olive (Details Textual) - USD ($)	Mar. 01, 2017	May 28, 2017	May 28, 2017	May 29, 2016		May 31, 2015	May 31, 2020
Payments to Acquire Businesses, Gross			$ 2,500,000
Finite-lived Intangible Assets Acquired			2,300,000
Goodwill		$ 54,779,000	54,779,000	$ 49,620,000	[1]
O Olive [Member]
Payments to Acquire Businesses, Gross	$ 2,500,000
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High	7,500,000
Cumulative EBITDA Amount	$ 6,000,000
Contingent Consideration Payment Period							3 years
Business Combination, Contingent Consideration, Liability		5,900,000	5,900,000
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual		773,000
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual		231,000
Finite-Lived Intangible Asset, Useful Life	11 years
Goodwill	$ 5,200,000
Business Acquisition, Transaction Costs		159,000	159,000
O Olive [Member] | Customer Lists [Member]
Finite-lived Intangible Assets Acquired	700,000
O Olive [Member] | Trademarks and Trade Names [Member]
Indefinite-lived Intangible Assets Acquired	$ 1,600,000
O Olive [Member] | Initial Potential Payment Limit [Member]
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High		4,600,000	4,600,000
O Olive [Member] | Additional Potential Payment Limit [Member]
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High		$ 2,900,000	$ 2,900,000
[1]	Derived from audited financial statements. See Note 1 - Organization, Basis of Presentation, and Summary of Significant Accounting Policies for discussion of accounting guidance adopted during the period.

Note 3 - Investment in Non-pu43

Note 3 - Investment in Non-public Company (Details Textual) - USD ($)	Jul. 15, 2014	Jul. 15, 2014	Oct. 29, 2014	Feb. 15, 2011	May 28, 2017	May 29, 2016	May 31, 2015	May 25, 2014
Payments to Acquire Investments							$ 18,000,000
Investment Income, Dividend					$ 1,650,000	1,650,000	1,417,000
Senior A Preferred Stock [Member]
Preferred Stock, Dividend Rate, Percentage		7.50%
Windset [Member]
Investment Ownership Percentage	26.90%	26.90%			26.90%
Investment Income, Dividend					$ 1,700,000	1,700,000	1,400,000
Windset [Member] | Other Income [Member]
Change In Market Value Of Investment In Company						$ 900,000	$ 1,200,000	$ 3,900,000
Windset [Member] | Apio [Member]
Payments to Acquire Investments	$ 11,000,000
Preferred Stock, Liquidation Preference, Value					20,100,000
Windset [Member] | Apio [Member] | Senior A Preferred Stock [Member]
Investment In Non Public Company Shares				150,000
Payments to Acquire Investments				$ 15,000,000
Preferred Stock, Liquidation Preference, Value					15,000,000
Windset [Member] | Apio [Member] | Common Stock [Member]
Investment In Non Public Company Shares	68	68		201
Payments to Acquire Investments				$ 201
Windset [Member] | Apio [Member] | Junior Preferred Shares [Member]
Investment In Non Public Company Shares	51,211	51,211
Preferred Stock, Liquidation Preference, Value					$ 5,100,000
Windset [Member] | Apio [Member] | Senior B Preferred Stock [Member]
Investment In Non Public Company Shares			70,000
Payments to Acquire Investments			$ 7,000,000
Preferred Stock, Dividend Rate, Percentage			7.50%
Windset [Member] | Apio [Member] | Senior B Preferred Stock [Member] | First Anniversary [Member]
Investments, Value of Shares with Put Option			$ 1,500,000
Windset [Member] | Apio [Member] | Senior B Preferred Stock [Member] | Second Anniversary [Member]
Investments, Value of Shares with Put Option			2,750,000
Windset [Member] | Apio [Member] | Senior B Preferred Stock [Member] | Third Anniversary [Member]
Investments, Value of Shares with Put Option			$ 2,750,000

Note 4 - Property and Equipme44

Note 4 - Property and Equipment (Details Textual) - USD ($)	12 Months Ended
	May 28, 2017	May 29, 2016	May 31, 2015
Interest Costs Capitalized	$ 514,000	$ 487,000	$ 45,000
Depreciation, Depletion and Amortization, Nonproduction	9,600,000	8,200,000	6,200,000
Amortization of Leased Asset	135,000	49,000	0
Capitalized Computer Software, Amortization	414,000	269,000	$ 158,000
Capitalized Computer Software, Net	$ 2,200,000	$ 865,000

Note 4 - Property and Equipme45

Note 4 - Property and Equipment - Components of Property and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	May 28, 2017	May 29, 2016
Property and Equipment	$ 193,631	$ 174,854
Less Accumulated Depreciation and Amortization	(60,411)	(53,974)
Net Property and Equipment	133,220	120,880	[1]
Land and Building [Member]
Property and Equipment	86,983	67,192
Leasehold Improvements [Member]
Property and Equipment	1,190	1,620
Computer Capitalized Software Machinery Equipment and Auto [Member]
Property and Equipment	97,375	87,464
Furniture and Fixtures [Member]
Property and Equipment	1,272	901
Construction in Progress [Member]
Property and Equipment	$ 6,811	$ 17,677
Minimum [Member] | Land and Building [Member]
Property, Plant and Equipment, Useful Life	15 years
Minimum [Member] | Leasehold Improvements [Member]
Property, Plant and Equipment, Useful Life	3 years
Minimum [Member] | Computer Capitalized Software Machinery Equipment and Auto [Member]
Property, Plant and Equipment, Useful Life	3 years
Minimum [Member] | Furniture and Fixtures [Member]
Property, Plant and Equipment, Useful Life	3 years
Maximum [Member] | Land and Building [Member]
Property, Plant and Equipment, Useful Life	40 years
Maximum [Member] | Leasehold Improvements [Member]
Property, Plant and Equipment, Useful Life	20 years
Maximum [Member] | Computer Capitalized Software Machinery Equipment and Auto [Member]
Property, Plant and Equipment, Useful Life	20 years
Maximum [Member] | Furniture and Fixtures [Member]
Property, Plant and Equipment, Useful Life	7 years
[1]	Derived from audited financial statements. See Note 1 - Organization, Basis of Presentation, and Summary of Significant Accounting Policies for discussion of accounting guidance adopted during the period.

Note 5 - Intangible Assets (Det

Note 5 - Intangible Assets (Details Textual) - USD ($)	Mar. 01, 2017	May 28, 2017	May 29, 2016		May 29, 2015
Finite-Lived Intangible Assets, Amortization Expense, Year Two		$ 949,000
Goodwill		54,779,000	$ 49,620,000	[1]
Goodwill, Impaired, Accumulated Impairment Loss		38,800,000	38,800,000
Finite-Lived Intangible Assets, Amortization Expense, Year Three		949,000
Finite-Lived Intangible Assets, Amortization Expense, Year Four		949,000
Finite-Lived Intangible Assets, Amortization Expense, Year Five		949,000
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months		949,000
Lifecore [Member]
Finite-Lived Customer Relationships, Gross		3,700,000
Apio [Member]
Finite-Lived Customer Relationships, Gross		7,500,000
O Olive [Member]
Finite-Lived Customer Relationships, Gross		700,000
Finite-Lived Intangible Asset, Useful Life	11 years
Goodwill	$ 5,200,000
Trade Names [Member]
Finite-Lived Intangible Assets, Accumulated Amortization		872,000	872,000
Customer Relationships [Member]
Finite-Lived Intangible Assets, Accumulated Amortization		$ 5,100,000	4,200,000
Customer Relationships [Member] | Lifecore [Member]
Finite-Lived Intangible Asset, Useful Life		12 years
Customer Relationships [Member] | Apio [Member]
Finite-Lived Intangible Asset, Useful Life		13 years
Customer Relationships [Member] | O Olive [Member]
Finite-Lived Intangible Asset, Useful Life		11 years
Food Products Technology [Member]
Goodwill		$ 35,500,000	35,700,000		$ 35,700,000
Biomaterials [Member]
Goodwill		13,900,000
Food Export [Member]
Goodwill		269,000
Other Segments [Member]
Goodwill		$ 5,200,000	4,600,000		4,600,000
HA Based Biomaterials [Member]
Goodwill			$ 13,900,000		$ 13,900,000
[1]	Derived from audited financial statements. See Note 1 - Organization, Basis of Presentation, and Summary of Significant Accounting Policies for discussion of accounting guidance adopted during the period.

Note 5 - Intangible Assets - Ot

Note 5 - Intangible Assets - Other Intangible Assets (Details) - USD ($)	Feb. 27, 2017	May 28, 2017	May 29, 2016		May 31, 2015
Balance		$ 21,396,000	$ 56,263,000		$ 57,148,000
Impairment during the period	$ 0	0	(34,000,000)	[1]		[1]
Finite-lived Intangible Assets Acquired		2,300,000
Amortization expense		(885,000)	(867,000)		(885,000)
Balance		22,811,000	21,396,000		56,263,000
Trademarks and Trade Names [Member]
Balance		14,428,000	48,428,000		48,428,000
Impairment during the period			(34,000,000)
Finite-lived Intangible Assets Acquired		1,600,000
Amortization expense
Balance		16,028,000	14,428,000		48,428,000
Customer Relationships [Member]
Balance		6,968,000	7,835,000		8,720,000
Impairment during the period
Finite-lived Intangible Assets Acquired		700,000
Amortization expense		(885,000)	(867,000)		(885,000)
Balance		$ 6,783,000	$ 6,968,000		$ 7,835,000
[1]	See Note 1 - Organization, Basis of Presentation, and Summary of Significant Accounting Policies for a discussion of accounting principles adopted during the period.

Note 6 - Stockholders' Equity48

Note 6 - Stockholders' Equity (Details Textual) - USD ($)	12 Months Ended
	May 28, 2017	May 29, 2016	May 31, 2015		May 29, 2017	May 25, 2014	Jul. 14, 2010
Common Stock, Voting Rights	1
Preferred Stock, Shares Authorized	2,000,000
Common Stock, Capital Shares Reserved for Future Issuance	2,200,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	155,239	465,968	881,143			2,000,000
Shares Paid for Tax Withholding for Share Based Compensation	137,089	95,550	112,443
Payments Related to Tax Withholding for Share-based Compensation	$ 434,000	$ 0	$ 343,000	[1]
Share-based Compensation Arrangement by Share-based Payment Award, Options Vested, Outstanding Number	1,021,097	963,833
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Number of Shares	550,445	767,641
Issuance of common stock, per share (in dollars per share)	$ 13.65
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Number of Exercisable Options	314,091
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value	$ 2,800,000
Stock Repurchase Program, Authorized Amount							$ 10,000,000
Preferred Stock, Shares Outstanding	0
Treasury Stock, Shares, Acquired	0	0	0
Director [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	30,000
Employee Stock Option [Member]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 4,600,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	1 year 182 days
Restricted Stock Units (RSUs) [Member]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	1 year 146 days
Stock Incentive Plan 2013 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant					2,000,000
Share--based Compensation Arrangement by Share-based Payment Award Options and Non Option Equity Instruments Outstanding Number	1,736,729
Stock Incentive Plan 2013 [Member] | Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Maximum Number of Shares Per Employee	500,000
Stock Incentive Plan 2013 [Member] | Stock Grants and Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Maximum Number of Shares Per Employee	250,000
Stock Incentive Plan 2013 [Member] | Stock Appreciation Rights (SARs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Maximum Number of Shares Per Employee	500,000
Stock Incentive Plan 2009 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized		1,900,000
Share--based Compensation Arrangement by Share-based Payment Award Options and Non Option Equity Instruments Outstanding Number		344,168
[1]	See Note 1 - Organization, Basis of Presentation, and Summary of Significant Accounting Policies for a discussion of accounting principles adopted during the period.

Note 6 - Stockholders' Equity -

Note 6 - Stockholders' Equity - Stock-based Compensation Activity (Details) - $ / shares	12 Months Ended
	May 28, 2017	May 29, 2016	May 31, 2015
Balance (in shares)	465,968	881,143	2,000,000
Balance (in dollars per share)		$ 14.02
Granted (in shares)	(370,522)	(443,175)	(1,118,857)
Forfeited (in shares)		28,000
Forfeited (in shares)	59,793
Forfeited (in shares)		(28,000)
Balance (in dollars per share)	$ 13.58		$ 14.02
Balance (in shares)	155,239	465,968	881,143
Restricted Stock [Member]
Balance (in shares)	526,841	392,771	149,300
Balance (in dollars per share)	$ 13.51	$ 14.15	$ 13.17
Granted (in shares)	130,522	177,675	324,357
Granted (in dollars per share)	$ 13.37	$ 12.10	$ 13.97
Granted (in dollars per share)	$ 13.37	$ 12.10	$ 13.97
Awarded/Exercised (in shares)	(130,508)	(32,439)	(79,219)
Awarded/Exercised (in dollars per share)	$ 13.42	$ 13.28	$ 11.57
Forfeited (in shares)	17,500	11,166	1,667
Forfeited (in shares)	(17,500)	(11,166)	(1,667)
Forfeited (in dollars per share)	$ 12.46	$ 14.36	$ 14.30
Balance (in dollars per share)	$ 13.53	$ 13.51	$ 14.15
Balance (in shares)	509,355	526,841	392,771
Employee Stock Option [Member]
Balance (in shares)	1,731,474	1,736,718	1,215,860
Balance (in dollars per share)	$ 11.90	$ 11.19	$ 8.45
Granted (in shares)	240,000	265,500	794,500
Granted (in dollars per share)	$ 11.58	$ 12.04	$ 14.20
Awarded/Exercised (in shares)	(357,639)	(220,717)	(205,419)
Awarded/Exercised (in dollars per share)	$ 5.93	$ 6.44	$ 6.55
Forfeited (in shares)	(42,293)	(24,473)	(2,223)
Forfeited (in dollars per share)	$ 12.16	$ 14.38	$ 14.30
Plan shares expired (in shares)		(25,554)	(66,000)
Balance (in shares)	1,571,542	1,731,474	1,736,718
Balance (in dollars per share)	$ 13.20	$ 11.90	$ 11.19
Plan shares expired (in dollars per share)		$ 9.86	$ 11.32

Note 6 - Stockholders' Equity50

Note 6 - Stockholders' Equity - Stock Options Outstanding and Exercisable (Details) - USD ($)	12 Months Ended
	May 28, 2017	May 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$ 13.58	$ 14.02
Range 3 [Member]
Lower Range of Exercise Prices (in dollars per share)	5.77
Upper Range of Exercise Prices (in dollars per share)	$ 14.39
Options Outstanding Number of Shares Outstanding (in shares)	1,571,542
Options Outstanding Weighted Average Remaining Contractual Life (Year)	4 years 248 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$ 13.20
Options Outstanding Aggregate Intrinsic Value	$ 1,362,499
Options Exercisable Number of Shares Exercisable (in shares)	1,021,097
Options Exercisable Weighted Average Exercise Price (in dollars per share)	$ 13.40
Options Exercisable Aggregate Intrinsic Value	$ 752,758

Note 6 - Stockholders' Equity51

Note 6 - Stockholders' Equity - Vested and Expected to Vest Option Awards (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	May 28, 2017	May 29, 2016
Share-based Compensation Arrangement by Share-based Payment Award, Options Vested, Outstanding Number	1,021,097	963,833
Vested (in dollars per share)	$ 13.40
Vested (Year)	4 years 65 days
Vested	$ 752,758
Expected to vest (in shares)	550,445
Expected to vest (in dollars per share)	$ 12.83
Expected to vest (Year)	5 years 222 days
Expected to vest	$ 609,741
Total (in shares)	1,571,542
Total (in dollars per share)	$ 13.20
Total (Year)	4 years 248 days
Total	$ 1,362,499

Note 7 - Debt (Details Textual)

Note 7 - Debt (Details Textual) - USD ($)	Sep. 23, 2016	May 28, 2017	May 29, 2016		May 31, 2015		Nov. 01, 2016
Long-term Debt		$ 47,239,000	$ 53,845,000
Debt Issuance Costs, Net		261,000	817,000
Gain (Loss) on Extinguishment of Debt	$ (1,200,000)	(1,233,000)		[1]		[1]
Payment for Debt Extinguishment or Debt Prepayment Cost	233,000	233,000		[1]		[1]
Write off of Deferred Debt Issuance Cost	1,000,000
Line of Credit, Current		3,000,000	3,500,000	[2]
Apio [Member] | Amortization of Loan Origination Fees [Member]
Interest Expense, Other		$ 142,000	293,000		206,000
Apio [Member] | GE Capital and BofA [Member]
Capitalized Loan Origination Fees			$ 200,000		$ 397,000
Interest Rate Swap [Member] | BMO [Member]
Derivative, Notional Amount							$ 50,000,000
London Interbank Offered Rate (LIBOR) [Member] | Interest Rate Swap [Member] | BMO [Member]
Derivative, Fixed Interest Rate							1.22%
Credit Agreement With JPMorgan Chase, BMO Harris Bank, and City National Bank [Member]
Debt Instrument, Additional Borrowing Amount	75,000,000
Debt Issuance Costs, Net	$ 897,000
Credit Agreement With JPMorgan Chase, BMO Harris Bank, and City National Bank [Member] | Prime Rate [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate	0.25%
Credit Agreement With JPMorgan Chase, BMO Harris Bank, and City National Bank [Member] | Prime Rate [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate	1.25%
Credit Agreement With JPMorgan Chase, BMO Harris Bank, and City National Bank [Member] | Eurodollar [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate	1.25%
Credit Agreement With JPMorgan Chase, BMO Harris Bank, and City National Bank [Member] | Eurodollar [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate	2.25%
Credit Agreement With JPMorgan Chase, BMO Harris Bank, and City National Bank [Member] | Term Loan [Member]
Long-term Debt	$ 50,000,000
Debt Instrument, Term	5 years
Debt Instrument, Periodic Payment	$ 1,250,000
Debt Instrument, Interest Rate, Effective Percentage		2.72%
Debt Issuance Costs, Net	299,000
Credit Agreement With JPMorgan Chase, BMO Harris Bank, and City National Bank [Member] | Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	100,000,000
Debt Issuance Costs, Net	598,000
Line of Credit, Current	$ 1,500,000	$ 3,000,000
Line of Credit Facility, Interest Rate at Period End		2.57%
[1]	See Note 1 - Organization, Basis of Presentation, and Summary of Significant Accounting Policies for a discussion of accounting principles adopted during the period.
[2]	Derived from audited financial statements. See Note 1 - Organization, Basis of Presentation, and Summary of Significant Accounting Policies for discussion of accounting guidance adopted during the period.

Note 7 - Debt - Long-term Debt

Note 7 - Debt - Long-term Debt (Details) - USD ($) $ in Thousands	May 28, 2017	May 29, 2016
Long-term debt	$ 47,500	$ 54,662
Less: unamortized debt issuance costs	(261)	(817)
Total long-term debt, net of unamortized debt issuance costs	47,239	53,845
Less: current portion of long-term debt, net	(4,940)	(7,873)	[1]
Long-term debt, net	42,299	45,972	[1]
Term Loan [Member]
Long-term debt	47,500
Real Estate Loan [Member]
Long-term debt		14,167
Capital Equipment Loan 1 [Member]
Long-term debt		5,904
Capital Equipment Loan 2 [Member]
Long-term debt		5,558
Capital Equipment Loan 3 [Member]
Long-term debt		3,375
Capital Equipment Loan 4 [Member]
Long-term debt		3,158
Real Estate Loan 2 [Member]
Long-term debt		7,622
Capital Equipment Loan 5 [Member]
Long-term debt		8,873
Capital Equipment Loan 6 [Member]
Long-term debt		3,940
Industrial Revenue Bonds [Member]
Long-term debt		$ 2,065
[1]	Derived from audited financial statements. See Note 1 - Organization, Basis of Presentation, and Summary of Significant Accounting Policies for discussion of accounting guidance adopted during the period.

Note 7 - Debt - Long-term Deb54

Note 7 - Debt - Long-term Debt (Details) (Parentheticals) - USD ($) $ in Thousands	12 Months Ended
	May 28, 2017	May 29, 2016
Term Loan [Member]
Debt Instrument, Periodic Payment	$ 1,250	$ 1,250
Term Loan [Member] | Minimum [Member]
Interest rate	1.25%	1.25%
Term Loan [Member] | Maximum [Member]
Interest rate	2.25%	2.25%
Real Estate Loan [Member]
Interest rate	4.02%	4.02%
Debt Instrument, Periodic Payment	$ 133	$ 133
Capital Equipment Loan 1 [Member]
Interest rate	4.39%	4.39%
Debt Instrument, Periodic Payment	$ 175	$ 175
Capital Equipment Loan 2 [Member]
Interest rate	3.68%	3.68%
Debt Instrument, Periodic Payment	$ 95	$ 95
Capital Equipment Loan 3 [Member]
Interest rate	3.74%	3.74%
Debt Instrument, Periodic Payment	$ 56	$ 56
Capital Equipment Loan 4 [Member]
Interest rate	2.79%	2.79%
Debt Instrument, Periodic Payment	$ 68	$ 68
Real Estate Loan 2 [Member]
Debt Instrument, Periodic Payment	$ 32	$ 32
Real Estate Loan 2 [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate	2.25%	2.25%
Capital Equipment Loan 5 [Member]
Debt Instrument, Periodic Payment	$ 108	$ 108
Capital Equipment Loan 5 [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate	2.25%	2.25%
Capital Equipment Loan 6 [Member]
Debt Instrument, Periodic Payment	$ 75	$ 75
Capital Equipment Loan 6 [Member] | London Interbank Offered Rate (LIBOR) [Member]
Interest rate	2.92%	2.92%

Note 7 - Debt - Future Minimum

Note 7 - Debt - Future Minimum Principal Payments of Debt (Details) - USD ($) $ in Thousands	May 28, 2017	May 29, 2016
Fiscal year 2018	$ 5,000
Fiscal year 2019	5,000
Fiscal year 2020	5,000
Fiscal year 2021	5,000
Fiscal year 2022	27,500
Thereafter
Total	$ 47,500	$ 54,662

Note 8 - Income Taxes (Details

Note 8 - Income Taxes (Details Textual) - USD ($)		Feb. 27, 2017	Feb. 28, 2016	May 28, 2017	May 29, 2016		May 31, 2015		May 25, 2014
Net Cash Provided by (Used in) Financing Activities, Continuing Operations				$ (8,801,000)	$ 15,423,000	[1]	$ 7,706,000	[1]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent				35.00%
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)		$ 0		$ 0	$ 34,000,000	[1]		[1]
Effective Income Tax Rate Reconciliation, Percent				29.00%	39.00%
Excess Tax Deficiencies from Share-based Compensation				$ 192,000
Deferred Tax Assets, Gross				9,751,000	$ 7,696,000
Net Cash Provided by (Used in) Operating Activities, Continuing Operations				29,327,000	21,934,000	[1]	26,618,000	[1]
Deferred Tax Assets, Valuation Allowance				1,325,000	1,240,000
Unrecognized Tax Benefits				537,000	842,000		987,000		$ 1,035,000
Unrecognized Tax Benefits that Would Impact Effective Tax Rate				419,000
Decrease in Unrecognized Tax Benefits is Reasonably Possible				215,000
Domestic Tax Authority [Member]
Operating Loss Carryforwards				6,800,000
Domestic Tax Authority [Member] | Indiana [Member]
Operating Loss Carryforwards				5,700,000
Domestic Tax Authority [Member] | Other States, Tax Board [Member]
Operating Loss Carryforwards				$ 3,000,000
State and Local Jurisdiction [Member] | Earliest Tax Year [Member]
Open Tax Year				1,998
State and Local Jurisdiction [Member] | California [Member]
Deferred Tax Assets, Tax Credit Carryforwards, Research				$ 1,200,000
Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	[2]			423,000
Additional Paid-in Capital [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	[2]			200,000
Accounting Standards Update 2016-09 [Member]
Net Cash Provided by (Used in) Financing Activities, Continuing Operations					(150,000)		(463,000)
Net Cash Provided by (Used in) Operating Activities, Continuing Operations					150,000		$ 463,000
Accounting Standards Update 2016-09 [Member] | Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption					549,000
Accounting Standards Update 2016-09 [Member] | Retained Earnings [Member] | Changes In Forfeiture Method [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption					(126,000)
Accounting Standards Update 2016-09 [Member] | Additional Paid-in Capital [Member] | Changes In Forfeiture Method [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption					200,000
Changes In Forfeiture Method [Member]
Deferred Tax Assets, Gross					$ (74,000)
GreenLine Trademark [Member]
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)			$ 34,000,000	$ 34,000,000
[1]	See Note 1 - Organization, Basis of Presentation, and Summary of Significant Accounting Policies for a discussion of accounting principles adopted during the period.
[2]	See Note 1 - Organization, Basis of Presentation, and Summary of Significant Accounting Policies for a discussion of accounting guidance adopted during the period.

Note 8 - Income Taxes - Provisi

Note 8 - Income Taxes - Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	May 28, 2017	May 29, 2016		May 31, 2015
Current:
Federal	$ 1,690	$ 2,382		$ 3,480
State	57	(82)		43
Foreign	82	83		71
Total	1,829	2,383		3,594
Deferred:
Federal	2,244	(9,177)		3,789
State	262	(610)		363
Total	2,506	(9,787)	[1]	4,152	[1]
Income tax expense (benefit)	$ 4,335	$ (7,404)		$ 7,746
[1]	See Note 1 - Organization, Basis of Presentation, and Summary of Significant Accounting Policies for a discussion of accounting principles adopted during the period.

Note 8 - Income Taxes - Income

Note 8 - Income Taxes - Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	May 28, 2017	May 29, 2016	May 31, 2015
Provision at U.S. statutory rate of 35%	$ 5,224	$ (6,666)	$ 7,451
State income taxes, net of federal benefit	325	(504)	566
Change in valuation allowance	85	6	353
Tax credits	(834)	(156)	(375)
Stock-based compensation	(365)	173	142
Domestic manufacturing deduction	(243)	(307)	(369)
Other	143	50	(22)
Income tax expense (benefit)	$ 4,335	$ (7,404)	$ 7,746

Note 8 - Income Taxes - Deferre

Note 8 - Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	May 28, 2017	May 29, 2016
Deferred tax assets:
Accruals and reserves	$ 3,242	$ 1,836
Net operating loss carryforwards	2,766	3,030
Stock-based compensation	2,032	1,436
Research and AMT credit carryforwards	1,050	468
Other	661	926
Gross deferred tax assets	9,751	7,696
Valuation allowance	(1,325)	(1,240)
Net deferred tax assets	8,426	6,456
Deferred tax liabilities:
Basis difference in investment in non-public company	(11,495)	(11,125)
Goodwill and other indefinite life intangibles	(11,119)	(8,015)
Depreciation and amortization	(10,393)	(9,758)
Deferred tax liabilities	(33,007)	(28,898)
Net deferred tax liabilities	$ (24,581)	$ (22,442)

Note 8 - Income Taxes - Unrecog

Note 8 - Income Taxes - Unrecognized Tax Benefits (Details) - USD ($)	12 Months Ended
	May 28, 2017	May 29, 2016	May 31, 2015
Unrecognized tax benefits – beginning of the period	$ 842,000	$ 987,000	$ 1,035,000
Gross increases – tax positions in prior period	11,000	1,000	17,000
Gross decreases – tax positions in prior period	(90,000)	(223,000)	(141,000)
Gross increases – current-period tax positions	93,000	77,000	76,000
Lapse of statute of limitations	(319,000)
Unrecognized tax benefits – end of the period	$ 537,000	$ 842,000	$ 987,000

Note 9 - Commitments and Cont61

Note 9 - Commitments and Contingencies (Details Textual)	Jul. 01, 2018USD ($)	Nov. 01, 2017USD ($)	Jul. 03, 2017USD ($)	May 05, 2017USD ($)	Dec. 27, 2016USD ($)	Sep. 03, 2015ft²	May 29, 2016USD ($)	May 28, 2017USD ($)	May 29, 2016USD ($)	May 31, 2015USD ($)
Operating Leases, Rent Expense								$ 5,600,000	$ 4,500,000	$ 5,000,000
Area of Real Estate Property | ft²						65,000
Capital Lease, Initial Term						7 years
Capital Lease, Period After Which Buyout Option is Available						7 years
Capital Lease, Monthly Lease Payment							$ 34,000
Capital Lease, Percentage Per Year By Which the Monthly Payment Increases							2.40%
Capital Leases, Balance Sheet, Assets by Major Class, Net								3,700,000
Purchase Commitment, Remaining Minimum Amount Committed								19,100,000
Payment on Purchase Commitments							$ 30,500,000	32,200,000	30,500,000	$ 16,800,000
Litigation Settlement, Expense								2,600,000
Legal Fees								2,100,000	$ 542,000
Loss Contingency Accrual								3,200,000
Wrongful Termination and Wage Claims [Member]
Loss Contingency, Receivable								1,200,000
Apio [Member]
Capital Leases, Balance Sheet, Assets by Major Class, Net								$ 104,000
Apio [Member] | Unfair Labor Claims [Member]
Litigation Settlement, Amount Awarded to Other Party					$ 155,000
Apio and Pacific Harvest [Member] | Unfair Labor Claims [Member]
Litigation Settlement, Amount Awarded to Other Party					$ 310,000
Apio and Pacific Harvest [Member] | Wrongful Termination and Wage Claims [Member]
Litigation Settlement, Amount Awarded to Other Party				$ 6,000,000
Payments for Legal Settlements			$ 2,400,000
Legal Settlement, Amount to Be Reimbursed			$ 1,200,000
Number of Installments				3
Apio and Pacific Harvest [Member] | Wrongful Termination and Wage Claims [Member] | Scenario, Forecast [Member]
Payments for Legal Settlements	$ 1,800,000	$ 1,800,000

Note 9 - Commitments and Cont62

Note 9 - Commitments and Contingencies - Future Minimum Lease Payments Under Operating Leases, Excluding Land Leases (Details) $ in Thousands	May 28, 2017USD ($)
Fiscal year 2018	$ 3,349
Fiscal year 2019	2,301
Fiscal year 2020	1,286
Fiscal year 2021	1,138
Fiscal year 2022	906
Thereafter	6,771
Total	$ 15,751

Note 9 - Commitments and Cont63

Note 9 - Commitments and Contingencies - Future Minimum Lease Payments Under Capital Lease (Details) - USD ($) $ in Thousands	May 28, 2017	May 29, 2016	[1]
Fiscal year 2018	$ 462
Fiscal year 2019	472
Fiscal year 2020	483
Fiscal year 2021	486
Fiscal year 2022	460
Thereafter	3,491
Total minimum lease payment	5,854
Less: amounts representing interest and taxes	(2,053)
Total	3,801
Less: current portion included in other accrued liabilities	(70)
Long-term capital lease obligation	$ 3,731	$ 3,804
[1]	Derived from audited financial statements. See Note 1 - Organization, Basis of Presentation, and Summary of Significant Accounting Policies for discussion of accounting guidance adopted during the period.

Note 10 - Employee Savings an64

Note 10 - Employee Savings and Investment Plans (Details Textual) - USD ($) $ in Millions	12 Months Ended
	May 28, 2017	May 29, 2016	May 31, 2015
Defined Contribution Plan, Employer Discretionary Contribution Amount	$ 1.5	$ 1.3	$ 1.2
First Three Percent Match [Member]
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	3.00%
Defined Contribution Plan, Employer Matching Contribution, Percent of Match	100.00%
Next Two Percent Match [Member]
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	2.00%
Defined Contribution Plan, Employer Matching Contribution, Percent of Match	50.00%
Minimum [Member]
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent	1.00%
Maximum [Member]
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent	50.00%

Note 11 - Business Segment Re65

Note 11 - Business Segment Reporting (Details Textual)	12 Months Ended
	May 28, 2017
Number of Operating Segments	3

Note 11 - Business Segment Re66

Note 11 - Business Segment Reporting - Sales by Geographic Area (Details) - USD ($) $ in Millions	12 Months Ended
	May 28, 2017	May 29, 2016	May 31, 2015
CANADA
Segment sales	$ 69.3	$ 80.6	$ 79.7
TAIWAN, PROVINCE OF CHINA
Segment sales	30	32.3	32.1
BELGIUM
Segment sales	21	13.4	6.8
INDONESIA
Segment sales	12.1	8.3	9
CHINA
Segment sales	8.5	9.4	9
JAPAN
Segment sales	7.4	6.4	8.5
All Other Countries [Member]
Segment sales	$ 13	$ 17	$ 18.4

Note 11 - Business Segment Re67

Note 11 - Business Segment Reporting - Operations by Business Segment (Details) - USD ($) $ in Thousands	3 Months Ended													12 Months Ended
	May 28, 2017	Feb. 26, 2017	Nov. 27, 2016	Aug. 28, 2016	May 29, 2016		Feb. 28, 2016	Nov. 29, 2015	Aug. 30, 2015	May 31, 2015	Mar. 01, 2015	Nov. 30, 2014	Aug. 31, 2014	May 28, 2017	May 29, 2016		May 31, 2015
Income tax expense														$ 4,335	$ (7,404)		$ 7,746
Net sales														532,257	541,099		539,257
International sales														161,336	167,416		163,460
Gross profit	$ 19,657	$ 23,432	$ 18,953	$ 21,144	$ 22,784		$ 12,931	$ 17,265	$ 17,977	$ 18,668	$ 16,885	$ 15,666	$ 14,188	83,186	70,957		65,407
Net income (loss)	2,452	$ 3,500	$ 1,326	$ 3,312	4,729		$ (21,190)	$ 1,868	$ 2,952	4,196	$ 3,772	$ 3,223	$ 2,353	10,590	(11,641)		13,544
Identifiable assets	358,608				342,653	[1]				346,465				358,608	342,653	[1]	346,465
Depreciation and amortization														10,677	9,395	[2]	7,090	[2]
Capital expenditures														22,592	40,867	[2]	17,511	[2]
Dividend income														1,650	1,650		1,417
Interest income														16	71		315
Interest expense, net														1,826	1,987		1,829
Packaged Fresh Vegetables [Member]
Income tax expense														823	415		792
Net sales														408,021	423,859		430,415
International sales														69,802	81,242		80,500
Gross profit														51,148	40,479		45,993
Net income (loss)														2,722	(31,975)		17,145
Identifiable assets	211,381				212,524					228,672				211,381	212,524		228,672
Depreciation and amortization														7,312	6,648		4,766
Capital expenditures														12,150	26,892		12,895
Dividend income														1,650	1,650		1,417
Interest income														16	46		32
Interest expense, net														674	1,721		1,655
Food Export [Member]
Income tax expense														189	143		48
Net sales														62,481	64,181		67,837
International sales														62,481	64,181		67,714
Gross profit														3,974	4,176		4,252
Net income (loss)														669	699		1,041
Identifiable assets	27,087				29,124					27,746				27,087	29,124		27,746
Depreciation and amortization															1		6
Capital expenditures
Dividend income
Interest income
Interest expense, net
Biomaterials [Member]
Income tax expense														2,938	1,946		177
Net sales														59,392	50,470		40,432
International sales														29,053	21,993		15,246
Gross profit														26,755	24,081		14,609
Net income (loss)														10,228	9,499		3,838
Identifiable assets	104,492				98,986					85,779				104,492	98,986		85,779
Depreciation and amortization														3,054	2,606		2,184
Capital expenditures														9,902	13,975		4,499
Dividend income
Interest income															25		254
Interest expense, net														13	266		174
Corporate Segment [Member]
Income tax expense														385	(9,908)		6,729
Net sales														2,363	2,589		573
International sales
Gross profit														1,309	2,221		553
Net income (loss)														(3,029)	10,136		(8,480)
Identifiable assets	$ 15,648				$ 2,019					$ 4,268				15,648	2,019		4,268
Depreciation and amortization														311	140		134
Capital expenditures														540			117
Dividend income
Interest income																	29
Interest expense, net														$ 1,139
[1]	Derived from audited financial statements. See Note 1 - Organization, Basis of Presentation, and Summary of Significant Accounting Policies for discussion of accounting guidance adopted during the period.
[2]	See Note 1 - Organization, Basis of Presentation, and Summary of Significant Accounting Policies for a discussion of accounting principles adopted during the period.

Note 12 - Quarterly Consolida68

Note 12 - Quarterly Consolidated Financial Information (Unaudited) - Summary of Unaudited Quarterly Results of Operations (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended												12 Months Ended
	May 28, 2017	Feb. 26, 2017	Nov. 27, 2016	Aug. 28, 2016	May 29, 2016	Feb. 28, 2016	Nov. 29, 2015	Aug. 30, 2015	May 31, 2015	Mar. 01, 2015	Nov. 30, 2014	Aug. 31, 2014	May 28, 2017	May 29, 2016	May 31, 2015
Net income (loss) per diluted share (in dollars per share)	$ 0.09	$ 0.13	$ 0.05	$ 0.12	$ 0.17	$ (0.78)	$ 0.07	$ 0.11	$ 0.15	$ 0.14	$ 0.12	$ 0.09	$ 0.38	$ (0.43)	$ 0.50
Revenues	$ 127,430	$ 136,568	$ 135,865	$ 132,394	$ 135,313	$ 129,990	$ 140,441	$ 135,355	$ 134,448	$ 138,530	$ 132,665	$ 133,614	$ 532,257	$ 541,099	$ 539,257
Gross profit	19,657	23,432	18,953	21,144	22,784	12,931	17,265	17,977	18,668	16,885	15,666	14,188	83,186	70,957	65,407
Net income (loss)	$ 2,452	$ 3,500	$ 1,326	$ 3,312	$ 4,729	$ (21,190)	$ 1,868	$ 2,952	$ 4,196	$ 3,772	$ 3,223	$ 2,353	$ 10,590	$ (11,641)	$ 13,544
Net income (loss) per basic share (in dollars per share)	$ 0.09	$ 0.13	$ 0.05	$ 0.12	$ 0.17	$ (0.78)	$ 0.07	$ 0.11	$ 0.16	$ 0.14	$ 0.12	$ 0.09	$ 0.39	$ (0.43)	$ 0.50