Cal-Maine Foods (CALM) 10-Q 31 Mar 14 2014 Q3 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	9 Months Ended
	Mar. 01, 2014	Mar. 28, 2014	Mar. 28, 2014
		Common Stock [Member]	Class A Common Stock [Member]
Document Type	'10-Q	'	'
Amendment Flag	'false	'	'
Document Period End Date	1-Mar-14	'	'
Document Fiscal Year Focus	'2014	'	'
Document Fiscal Period Focus	'Q3	'	'
Entity Registrant Name	'CAL MAINE FOODS INC	'	'
Entity Central Index Key	'0000016160	'	'
Current Fiscal Year End Date	'--05-31	'	'
Entity Filer Category	'Accelerated Filer	'	'
Entity Common Stock, Shares Outstanding	'	21,781,557	2,400,000

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Mar. 01, 2014	Jun. 01, 2013
In Thousands, unless otherwise specified
Current assets:	'	'
Cash and cash equivalents	$15,387	$24,984
Investment securities available-for-sale	175,261	157,904
Trade receivables (less allowance for doubtful accounts of $680 at March 01, 2014 and $771 at June 1, 2013) and other receivables	97,795	82,586
Inventories	149,296	147,993
Prepaid expenses and other current assets	2,170	1,414
Total current assets	439,909	414,881
Property, plant and equipment, net	306,528	266,008
Goodwill	28,298	24,417
Other investments	5,957	20,413
Other intangible assets	11,100	12,326
Other long-lived assets	4,799	7,017
Notes receivable - noncurrent	486	565
TOTAL ASSETS	797,077	745,627
Current liabilities:	'	'
Accounts payable and accrued expenses	72,266	71,827
Accrued legal settlement expense	'	28,000
Accrued dividends payable	14,284	'
Current maturities of long-term debt	10,577	10,373
Deferred income taxes	31,571	19,995
Total current liabilities	128,698	130,195
Long-term debt, less current maturities	53,384	54,647
Other noncurrent liabilities	4,810	4,322
Deferred income taxes	37,330	38,419
Total liabilities	224,222	227,583
Commitments and Contingencies - see Note 5	'	'
Stockholders' equity:	'	'
Paid-in capital	40,043	39,052
Retained earnings	551,827	498,711
Accumulated other comprehensive income, net of tax	365	166
Common stock in treasury at cost - 13,349 shares at March 1, 2014 and 13,432 at June 1, 2013	-20,453	-20,572
Total Cal-Maine Foods, Inc. stockholders' equity	572,157	517,732
Noncontrolling interest in consolidated entities	698	312
Total stockholders' equity	572,855	518,044
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	797,077	745,627
Common Stock [Member]	'	'
Stockholders' equity:	'	'
Common stock	351	351
Total stockholders' equity	351	351
Class A Common Stock [Member]	'	'
Stockholders' equity:	'	'
Common stock	24	24
Total stockholders' equity	$24	$24

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Mar. 01, 2014	Jun. 01, 2013
In Thousands, except Share data, unless otherwise specified
Allowance for doubtful accounts	$680	$771
Common stock, shares outstanding	24,182,000	'
Treasury stock, shares	13,349,000	13,432,000
Common Stock [Member]	'	'
Common stock, par value per share	$0.01	$0.01
Common stock, authorized shares	60,000,000	60,000,000
Common stock, issued	35,130,000	35,130,000
Common stock, shares outstanding	21,782,000	21,698,000
Class A Common Stock [Member]	'	'
Common stock, par value per share	$0.01	$0.01
Common stock, authorized shares	2,400,000	2,400,000
Common stock, issued	2,400,000	2,400,000
Common stock, shares outstanding	2,400,000	2,400,000

Condensed_Consolidated_Stateme

Condensed Consolidated Statements Of Income (USD $)	3 Months Ended				9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 01, 2014		Mar. 02, 2013		Mar. 01, 2014		Mar. 02, 2013
Condensed Consolidated Statements Of Income [Abstract]	'		'		'		'
Net sales	$395,522		$360,373		$1,069,325		$962,171
Cost of sales	303,627		293,326		857,852		799,111
Gross profit	91,895		67,047		211,473		163,060
Selling, general and administrative expense	45,299		36,136		112,949		96,186
Operating income	46,596		30,911		98,524		66,874
Other income (expense):	'		'		'		'
Interest expense, net	-563		-963		-2,049		-2,849
Royalty income	1,037		2,013		3,449		3,492
Patronage dividends	5,841		11,504		6,093		14,267
Equity in income of affiliates	1,530		2,037		2,484		2,880
Other	4,158		380		4,795		-1,684
Nonoperating income (expense), total	12,003		14,971		14,772		16,106
Income before income taxes and noncontrolling interest	58,599		45,882		113,296		82,980
Income tax expense	15,643		15,335		35,195		28,583
Net income before noncontrolling interest	42,956		30,547		78,101		54,397
Less: Net income (loss) attributable to noncontrolling interest	103		-4		386		141
Net income attributable to Cal-Maine Foods, Inc.	$42,853		$30,551		$77,715		$54,256
Net income per common share attributable to Cal-Maine Foods Inc.:	'		'		'		'
Basic	$1.78		$1.27		$3.23		$2.26
Diluted	$1.77		$1.27		$3.22		$2.26
Dividends per common share	$0.59	[1]	$0.42	[1]	$1.02	[1]	$0.75	[1]
Weighted average shares outstanding:	'		'		'		'
Basic	24,047		24,035		24,061		23,966
Diluted	24,162		24,104		24,155		24,013
[1]	Dividends per common share =/3 of Net income (loss) attributable to Cal-Maine Foods, Inc. available for dividend C7 Total common stock outstanding (shares)

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements Of Comprehensive Income (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Mar. 01, 2014	Mar. 02, 2013	Mar. 01, 2014	Mar. 02, 2013
Condensed Consolidated Statements Of Comprehensive Income [Abstract]	'	'	'	'
Net income including noncontrolling interests	$42,956	$30,547	$78,101	$54,397
Other comprehensive income, before tax:	'	'	'	'
Unrealized holding gain on available-for-sale securities, net of reclassification adjustments	97	157	325	381
Other comprehensive income, before tax	97	157	325	381
Income tax expense related to items of other comprehensive income	37	61	126	148
Other comprehensive income, net of tax	60	96	199	233
Comprehensive income	43,016	30,643	78,300	54,630
Less: comprehensive income (loss) attributable to the noncontrolling interest	103	-4	386	141
Comprehensive income attributable to Cal-Maine Foods, Inc.	$42,913	$30,647	$77,914	$54,489

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements Of Cash Flows (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Mar. 01, 2014	Mar. 02, 2013
Operating activities:	'	'
Net income including noncontrolling interests	$78,101	$54,397
Depreciation and amortization	27,318	24,718
Equity in income of affiliates	2,484	2,880
Other adjustments, net	-34,562	-36,515
Net cash provided by operations	70,857	42,600
Investing activities:	'	'
Purchase of investments	-106,472	-163,307
Sales of investments	91,412	177,396
Purchases of property, plant and equipment	-40,927	-19,121
Payments received on notes receivable and from affiliates	4,379	6,285
Acquisitions of businesses, net of cash acquired	-11,548	-74,907
Increase in notes receivable and investments in affiliates	'	-294
Net proceeds from disposal of property, plant and equipment	631	62
Net cash used in investing activities	-62,525	-73,886
Financing activities:	'	'
Proceeds from issuance of common stock from treasury, net (including tax benefit on nonqualifying disposition of incentive stock options)	271	380
Principal payments on long-term debt	-7,884	-8,474
Payments of dividends	-10,316	-20,357
Net cash used in financing activities	-17,929	-28,451
Net change in cash and cash equivalents	-9,597	-59,737
Cash and cash equivalents at beginning of period	24,984	97,128
Cash and cash equivalents at end of period	$15,387	$37,391

Presentation_Of_Interim_Inform

Presentation Of Interim Information	9 Months Ended
	Mar. 01, 2014
Presentation Of Interim Information [Abstract]	'
Presentation Of Interim Information	'
	1.   Presentation of Interim Information
	The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments, consisting of normal recurring adjustments, considered necessary for a fair statement of the results for the interim periods presented have been included. The preparation of condensed consolidated financial statements requires us to make estimates and assumptions. These estimates and assumptions affected reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates and assumptions.  Operating results for the thirteen and thirty-nine weeks ended March 1, 2014 are not necessarily indicative of the results that may be expected for the year ending May 31, 2014.
	The condensed consolidated balance sheet at June 1, 2013 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements.
	For further information, refer to the consolidated financial statements and footnotes thereto included in Cal-Maine Foods, Inc.'s annual report on Form 10-K for the fiscal year ended June 1, 2013. References to “we,” “us,” “our,” or the “Company” refer to Cal-Maine Foods, Inc.

Acquisition

Acquisition	9 Months Ended
	Mar. 01, 2014
Acquisition [Abstract]	'
Acquisition	'
	2.   Acquisition
	Effective March 1, 2014, the Company purchased our joint venture partner’s 50% interest in Delta Egg Farm, LLC (“Delta Egg”) for $17.0 million.  The Company previously owned 50% of Delta Egg through a joint venture with Sunbest Foods of Iowa, a Moark, LLC affiliate.  The purchase price was funded from our available cash balances.  In conjunction with the acquisition, the Company recognized a non-recurring, non-cash gain of $4.0 million for the excess in purchase price over the carrying value of the 50% investment in the unconsolidated joint venture.  This gain was recorded in “Other Income” in the Company’s Condensed Consolidated Statements of Income.  The gain is non-taxable, and therefore resulted in a $1.5 million reduction to the Company’s income tax expense for the third quarter of fiscal 2014.  Additionally, the Company recorded a $3.7 million decrease to deferred income tax liabilities related to the outside basis of our equity investment in Delta Egg.  Delta Egg’s assets include a feed mill and a production complex with capacity for approximately 1.2 million laying hens near Delta, Utah, as well as an organic complex with capacity for approximately 400,000 laying hens near Chase, Kansas.
	The following table represents the allocation of the purchase price to the assets and liabilities acquired, based on their fair values (in thousands):
	Cash and cash equivalents	$	5,452
	Investment securities available for sale		1,973
	Inventories		7,033
	Property, plant, and equipment		24,767
	Other intangible assets		929
	Goodwill		3,881
	Other current assets		2,824
	Current liabilities		-3,677
	Long-term debt		-5,301
	Deferred income taxes		-3,881
	Total assets and liabilities acquired	$	34,000
	The allocation was preliminary at March 1, 2014 due to the timing of the acquisition.

Stock_Based_Compensation

Stock Based Compensation	9 Months Ended
	Mar. 01, 2014
Stock Based Compensation [Abstract]	'
Stock Based Compensation	'
	3.   Stock Based Compensation
	Total stock based compensation expense for the thirty-nine weeks ended March 1, 2014 and March 2, 2013 was $1.0 million and $712,000, respectively.  Liabilities associated with Stock Appreciation Rights (“SARs”) as of March 1, 2014 and June 1, 2013 were $867,000 and $986,000 respectively. The liabilities for our 2005 Stock Appreciation Rights are included in the line item “Accounts payable and accrued expenses” in our Condensed Consolidated Balance Sheets.  Unrecognized compensation expense as a result of non-vested shares of the 2012 Omnibus Long-Term Incentive Plan at March 1, 2014 was $4.8 million, and will be recorded over a period of 2.4 years.  Refer to Note 11 of our June 1, 2013 audited financial statements for further information on our stock compensation plans.
	A summary of the Company’s restricted shares activity for the thirty-nine weeks ended March 1, 2014 is as follows:
		Number of Shares		Weighted Average Grant Date Fair Value
	Outstanding, June 1, 2013		63,000	$	41.08
	Granted		63,600		53.53
	Vested		-2,600		-46.35
	Forfeited		-300		-41.08
	Outstanding, March 1, 2014		123,700	$	47.37

Inventories

Inventories	9 Months Ended
	Mar. 01, 2014
Inventories [Abstract]	'
Inventories	'
	4.   Inventories
	Inventories consisted of the following (in thousands):
		1-Mar-14		1-Jun-13
	Flocks	$	89,491	$	83,894
	Eggs		12,050		13,694
	Feed and supplies		47,755		50,405
		$	149,296	$	147,993

Contingencies

Contingencies	9 Months Ended
	Mar. 01, 2014
Contingencies [Abstract]	'
Contingencies	'
	5.   Contingencies
	Financial Instruments
	The Company maintains cash collateralized standby letters of credit (“LOC”), for the benefit of certain insurance companies, with a bank totaling $3.0 million at March 1, 2014.  The cash collateralizing the LOCs is included in the line item “Other long-lived assets” in the Condensed Consolidated Balance Sheets. None of the LOCs are recorded as a liability on the consolidated balance sheets.
	Legal Contingencies
	The Company is a defendant in certain legal actions, and intends to vigorously defend its position in these actions.  If the Company’s assessment of a contingency indicates it is probable a material loss has been incurred and the amount of the liability can be reasonably estimated, the estimated liability is accrued in the Company’s financial statements.    If the assessment indicates a potentially material loss contingency is not probable, but is reasonably possible, or is probable but cannot be reasonably estimated, then the nature of the contingent liability, together with an estimate of the possible loss or range of possible loss would be disclosed, or a statement would be made that such an estimate cannot be made.
	These legal actions are discussed in detail at Part II, Item 1, of this report.

Net_Income_Per_Common_Share

Net Income Per Common Share	9 Months Ended
	Mar. 01, 2014
Net Income Per Common Share [Abstract]	'
Net Income Per Common Share	'
	6.   Net Income per Common Share
	Basic net income per share was calculated by dividing net income by the weighted-average number of common shares outstanding during the period.  Diluted net income per share was calculated by dividing net income by the weighted-average number of common shares outstanding during the period plus the dilutive effects of options and restricted stock.  The computations of basic and diluted net income per share attributable to the Company are as follows (in thousands, except per share data):
		13 Weeks Ended				39 Weeks Ended
		1-Mar-14		2-Mar-13		1-Mar-14		2-Mar-13
	Net income attributable to
	Cal-Maine Foods, Inc.	$	42,853	$	30,551	$	77,715	$	54,256
	Basic weighted-average common shares		24,047		24,035		24,061		23,966
	Effect of dilutive securities:
	Restricted shares		95		32		74		10
	Common stock options		20		37		20		37
	Dilutive potential common shares		24,162		24,104		24,155		24,013
	Net income per common share
	attributable to Cal-Maine Foods, Inc.:
	Basic	$	1.78	$	1.27	$	3.23	$	2.26
	Diluted	$	1.77	$	1.27	$	3.22	$	2.26

Accrued_Dividends_Payable_And_

Accrued Dividends Payable And Dividends Per Common Share	9 Months Ended
	Mar. 01, 2014
Accrued Dividends Payable And Dividends Per Common Share [Abstract]	'
Accrued Dividends Payable And Dividends Per Common Share	'
	7.   Accrued Dividends Payable and Dividends per Common Share
	We make an accrual of dividends payable at the end of each quarter according to the Company’s dividend policy adopted by its Board of Directors. According to the dividend policy, the Company pays a dividend to shareholders of its Common Stock and Class A Common Stock on a quarterly basis for each quarter for which the Company reports net income attributable to Cal-Maine Foods, Inc. computed in accordance with generally accepted accounting principles in an amount equal to one-third (1/3) of such quarterly income. Dividends are paid to shareholders of record as of the 60th day following the last day of such quarter, except for the fourth fiscal quarter.  For the fourth quarter, the Company will pay dividends to shareholders of record on the 70th day after the quarter end. Dividends are payable on the 15th day following the record date. Following a quarter for which the Company does not report net income attributable to Cal-Maine Foods, Inc., the Company will not pay a dividend for a subsequent profitable quarter until the Company is profitable on a cumulative basis computed from the date of the last quarter for which a dividend was paid. The amount of the accrual appears on the Condensed Consolidated Balance Sheets as “Accrued dividends payable.”
	In the fourth quarter of fiscal 2013 the Company reported a net loss attributable to Cal-Maine Foods, Inc. of $3.8 million.  As a result total dividends paid for the thirty-nine weeks ended March 1, 2014 are calculated only on net income attributable to Cal-Maine Foods, Inc. in excess of $3.8 million.
	On our condensed consolidated statement of income, we determine dividends per common share in accordance with the computation in the following table (in thousands, except per share data):
		13 Weeks Ended				39 Weeks Ended
		1-Mar-14		2-Mar-13		1-Mar-14		2-Mar-13
	Net income attributable to Cal-Maine Foods, Inc.	$	42,853	$	30,551	$	77,715	$	54,256
	Fourth quarter fiscal 2013 loss		-		-		-3,833		-
	Net income available for dividend calculation		42,853		30,551		73,882		54,256
	1/3 of net income attributable to Cal-Maine Foods, Inc. available for dividend		14,284		10,184		24,627		18,085
	Accrued dividends payable		14,284		10,184
	Common stock outstanding (shares)		21,782		21,698
	Class A common stock outstanding (shares)		2,400		2,400
	Total common stock outstanding (shares)		24,182		24,098
	Dividends per common share*	$	0.591	$	0.423	$	1.020	$	0.753
	*Dividends per common share =/font>1/3 of Net income (loss) attributable to Cal-Maine Foods, Inc. available for dividend ÷ Total common stock outstanding (shares)

Derivative_Financial_Instrumen

Derivative Financial Instruments	9 Months Ended
	Mar. 01, 2014
Derivative Financial Instruments [Abstract]	'
Derivative Financial Instruments	'
	8. Derivative Financial Instruments
	The Company holds commodity futures contracts in the form of call options, the cost of which is paid for by customers, to protect against increases in the price of corn and soybean meal purchases required to support that portion of its shell egg production sold on a cost of production formula.  The contracts are generally for durations of less than six months.  The Company elected to mark the unrealized changes in derivative instrument fair value to market; however, the net realized cost of these contracts is paid by customers, so there is no net impact to the Company’s Consolidated Statement of Income.  The fair value of all derivative instruments outstanding is included as a component of “Prepaid Expenses and Other Current Assets” on the Condensed Consolidated Balance Sheets as follows (in thousands):
	Contracts outstanding at period end
	Commodity	Units		Fair Value
	Corn	2,610	bushels	$
				325
	Soybean meal	27	tons	$
				585

Fair_Value_Measurements

Fair Value Measurements	9 Months Ended
	Mar. 01, 2014
Fair Value Measurements [Abstract]	'
Fair Value Measurements	'
	9.   Fair Value Measurements
	The Company is required to categorize both financial and nonfinancial assets and liabilities based on the following fair value hierarchy.  The fair value of an asset is the price at which the asset could be sold in an orderly transaction between unrelated, knowledgeable, and willing parties able to engage in the transaction. A liability’s fair value is defined as the amount that would be paid to transfer the liability to a new obligor in a transaction between such parties, not the amount that would be paid to settle the liability with the creditor.
		·		Level 1 - Quoted prices in active markets for identical assets or liabilities
		·		Level 2 - Inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly
		·		Level 3 - Unobservable inputs for the asset or liability that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities
	The disclosure of fair value of certain financial assets and liabilities that are recorded at cost are as follows:
	Cash and cash equivalents: The carrying amount approximates fair value due to the short maturity of these instruments.
	Long-term debt: The carrying value of the Company’s long-term debt is at its stated value.  We have not elected to carry our long-term debt at fair value.  Except for the “Notes payable-Texas Egg Products, LLC,” fair values for debt are based on quoted market prices or published forward interest rate curves.    We believe cost approximates fair value for the “Notes payable-Texas Egg Products, LLC.”  Estimated fair values are management’s estimates; however, when there is no readily available market data, the estimated fair values may not represent the amounts that could be realized in a current transaction, and the fair values could change significantly. There is no readily available market data for the “Note Payable-Texas Egg Products, LLC.”  The fair value and carrying value of the Company’s borrowings under its credit facilities and long-term debt were as follows (in thousands):
		1-Mar-14						1-Jun-13
		Carrying Value			Fair Value			Carrying Value			Fair Value
	5.45 – 6.4% Notes payable	$	54,559		$	55,518		$	54,240		$	56,237
	Series A Senior Secured Notes at 5.45%		8,944			8,944			10,523			10,636
	Other		198			203			-			-
	Notes payable-Texas Egg Products, LLC (payable to non-affiliate equity members)		260			260			257			257
		$	63,961		$	64,925		$	65,020		$	67,130
	Assets and Liabilities Measured at Fair Value on a Recurring Basis
	In accordance with the fair value hierarchy described above, the following table shows the fair value of financial assets and liabilities that are required to be measured at fair value on a recurring basis as of March 1, 2014 and June 1, 2013:
			1-Mar-14
			Quoted Prices
			in Active			Significant
			Markets for			Other			Significant
			Identical			Observable			Unobservable
			Instruments			Inputs			Inputs			Total
			(Level 1)			(Level 2)			(Level 3)			Balance
	Investment securities available-for-sale
	State municipal bonds		$	-		$	69,488		$	-		$	69,488
	US government obligations			-			4,060			-			4,060
	Corporate bonds			-			82,358			-			82,358
	Commercial paper			-			9,697			-			9,697
	Certificates of deposit			-			1,838			-			1,838
	Government agency bonds			-			5,820			-			5,820
	Variable rate demand notes			-			2,000			-			2,000
	Mutual Funds*			1,406			-			-			1,406
	Total available-for-sale securities at fair value			1,406			175,261			-			176,667
	Commodity Contracts			-			910			-			910
	Total assets measured at fair value		$	1,406		$	176,171		$	-		$	177,577
	Contingent consideration			-			-			868			868
	Total liabilities measured at fair value		$	-		$	-		$	868		$	868
	*The mutual funds are classified as long term and are a part of “other investments” in the Condensed Consolidated Balance Sheet.
			1-Jun-13
			Quoted Prices
			in Active			Significant
			Markets for			Other			Significant
			Identical			Observable			Unobservable
			Instruments			Inputs			Inputs			Total
			(Level 1)			(Level 2)			(Level 3)			Balance
	Investment securities available-for-sale
	State municipal bonds		$	-		$	61,195		$	-		$	61,195
	US government obligations			-			12,377			-			12,377
	Corporate bonds			-			64,383			-			64,383
	Certificates of deposit			-			12,285			-			12,285
	Government agency bonds			-			7,664			-			7,664
	Mutual Funds*			1,026			-			-			1,026
	Total assets measured at fair value		$	1,026		$	157,904		$	-		$	158,930
	Contingent consideration		$	-		$	-		$	1,250		$	1,250
	Total liabilities measured at fair value		$	-		$	-		$	1,250		$	1,250
	*The mutual funds are classified as long term and are a part of “other investments” in the Condensed Consolidated Balance Sheet.
	Our investment securities – available-for-sale classified as level 2 as of March 1, 2014 consist of certificates of deposit, United States government obligations, Canadian government agency bonds, taxable municipal bonds, tax exempt municipal bonds, zero coupon municipal bonds, corporate bonds, commercial paper and variable rate demand notes. We classified these securities as current, because amounts invested are available for current operations. Observable inputs for these securities are yields, credit risks, default rates, and volatility.
	The Company applies fair value accounting guidance to measure non-financial assets and liabilities associated with business acquisitions. These assets and liabilities are measured at fair value for the initial purchase price allocation and are subject to recurring revaluations. The fair value of non-financial assets acquired is determined internally.  Our internal valuation methodology for non-financial assets takes into account the remaining estimated life of the assets acquired and what management believes is the market value for those assets based on their highest and best use.  Liabilities for contingent consideration (earn-outs) take into account commodity prices based on published forward commodity price curves, projected future egg prices as of the date of the estimate, and projected future cash flows expected to be received as a result of a business acquisition (Refer to Note 2 in the Annual Report on Form 10-K).  Given the unobservable nature of these inputs, they are deemed to be Level 3 fair value measurements.  During the thirty-nine weeks ended March 1, 2014 we recognized $2.2 million in expense resulting from the increase in fair value of the contingent consideration.  This expense was recognized in earnings as an increase of selling, general, and administrative expenses.  Changes in the fair value of contingent consideration obligations were as follows (in thousands):
			Thirty-nine weeks ended March 1, 2014
	Balance at June 1, 2013	$	1,250
	Liabilities recognized at acquisition date		-
	(Gains)/Losses recognized in earnings		2,243
Actual payments made		-2,625
Balance at March 1, 2014	$	868

AvailableForSale_Securities

Available-For-Sale Securities	9 Months Ended
	Mar. 01, 2014
Available-For-Sale Securities [Abstract]	'
Available-For-Sale Securities	'
	10.   Available-for-Sale Securities
	The following represents the Company’s available-for-sale securities as of March 1, 2014 and June 1, 2013 (in thousands):
		1-Mar-14
		Amortized Cost		Gains in Accumulated Other Comprehensive Income		Losses in Accumulated Other Comprehensive Income		Estimated Fair Value
	State municipal bonds	$	69,328	$	160	$	-	$	69,488
	US government obligations		4,057		3		-		4,060
	Corporate bonds		82,255		103		-		82,358
	Commercial paper		9,696		1		-		9,697
	Certificates of deposit		1,837		1		-		1,838
	Government agency bonds		5,814		6		-		5,820
	Variable rate demand notes		2,000		-		-		2,000
	Total available-for-sale securities	$	174,987	$	274	$	-	$	175,261
	Mutual Funds*		993		413		-		1,406
	Total noncurrent available-for-sale securities	$	993	$	413	$	-	$	1,406
	*The mutual funds are classified as long term and are a part of “other investments” in the Condensed Consolidated Balance Sheet.
		1-Jun-13
		Amortized Cost		Gains in Accumulated Other Comprehensive Income		Losses in Accumulated Other Comprehensive Income		Estimated Fair Value
	State municipal bonds	$	61,124	$	71	$	-	$	61,195
	US government obligations		12,378		-		1		12,377
	Corporate bonds		64,406		-		23		64,383
	Certificates of deposit		12,280		5		-		12,285
	Government agency bonds		7,659		5		-		7,664
	Total current available-for-sale securities	$	157,847	$	81	$	24	$	157,904
	Mutual Funds*		721		305		-		1,026
	Total noncurrent available-for-sale securities	$	721	$	305	$	-	$	1,026
	*The mutual funds are classified as long term and are a part of “other investments” in the Condensed Consolidated Balance Sheet.
	Proceeds from the sales of available-for-sale securities were $91.4 million and  $177.4 million during the thirty-nine weeks ended March 1, 2014 and March 2, 2013, respectively. Gross realized gains on those sales during the thirty-nine weeks ended March 1, 2014 and March 2, 2013 were $7,000 and zero, respectively.  Gross realized losses on those sales during the thirty-nine weeks ended March 1, 2014 and March 2, 2013 were $2,000 and $31,000, respectively. For purposes of determining gross realized gains and losses, the cost of securities sold is based on the specific identification method. Unrealized holding gains net of tax on available-for-sale securities were $199,000 and  $233,000 for the thirty-nine weeks ended March 1, 2014 and March 2, 2013, respectively.  The unrealized holding gains net of tax have been included in accumulated other comprehensive income.
	Contractual maturities of available-for-sale debt securities at March 1, 2014, are as follows (in thousands):
			Estimated Fair Value
	Within one year	$	102,724
	After 1-5 years		72,537
	After 5-10 years		-
	Total	$	175,261
	Actual maturities may differ from contractual maturities because some borrowers have the right to call or prepay obligations with or without call or prepayment penalties.

Equity

Equity	9 Months Ended
	Mar. 01, 2014
Equity [Abstract]	'
Equity	'
	11.   Equity
	The following reflects the equity activity, including our noncontrolling interest, for the thirty-nine weeks ended March 1, 2014 (in thousands):
			Cal-Maine Foods, Inc.
			Common Stock
					Class A		Treasury		Paid In		Accum. Other		Retained		Noncontrolling
			Amount		Amount		Amount		Capital		Comp. Loss		Earnings		Interests		Total
	Balance at June 1, 2013	$	351	$	24	$	-20,572	$	39,052	$	166	$	498,711	$	312	$	518,044
	Dividends*		-		-		-		-		-		-24,599		-		-24,599
	Other comprehensive loss, net of tax		-		-		-		-		199		-		-		199
	Grant of restricted stock		-		-		98		-98		-		-		-		-
	Purchase of company stock - shares withheld to satisfy withholding obligation in connection with the vesting of restricted stock		-		-		-9		-		-		-		-		-9
	Proceeds from stock option exercise		-		-		30		88		-		-		-		118
	Tax benefit on non-qualifying distribution of incentive stock		-		-		-		160		-		-		-		160
	Restricted stock compensation		-		-		-		841		-		-		-		841
	Net income		-		-		-		-		-		77,715		386		78,101
	Balance at March 1, 2014	$	351	$	24	$	-20,453	$	40,043	$	365	$	551,827	$	698	$	572,855
	* Dividends are calculated as 1/3 of net income after prior period loss (includes adjustment for actual dividends paid based on accrual from previous period).

Recent_Accounting_Pronouncemen

Recent Accounting Pronouncements	9 Months Ended
	Mar. 01, 2014
Recent Accounting Pronouncements [Abstract]	'
Recent Accounting Pronouncements	'
	12.   Recent Accounting Pronouncements
	In February 2013, the Financial Accounting Standards Board issued Accounting Standards Update (ASU) 2013-02, Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income (“ASU 2013-02”).  This update requires an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component.  In addition, ASU 2013-02 requires presentation, either on the face of the income statement or in the notes, of significant amounts reclassified out of accumulated other comprehensive income by respective line items of net income, but only if the amounts reclassified are required to be reclassified in their entirety in the same reporting period.  For amounts that are not required to be reclassified in their entirety to net income, an entity is required to cross-reference to other disclosures that provide additional details about these amounts.  The amendments in ASU 2013-02 are effective prospectively for annual reporting periods beginning after December 15, 2012, and interim periods within those annual periods.  ASU 2013-02 became effective for the Company with the quarter ended August 31, 2013.  The adoption of ASU 2013-02 did not have a material effect on the Company’s financial statements.

Acquisition_Tables

Acquisition (Tables)	9 Months Ended
	Mar. 01, 2014
Acquisition [Abstract]	'
Schedule Of Purchase Price Allocation	'
	Cash and cash equivalents	$	5,452
	Investment securities available for sale		1,973
	Inventories		7,033
	Property, plant, and equipment		24,767
	Other intangible assets		929
	Goodwill		3,881
	Other current assets		2,824
	Current liabilities		-3,677
	Long-term debt		-5,301
	Deferred income taxes		-3,881
	Total assets and liabilities acquired	$	34,000

Stock_Based_Compensation_Table

Stock Based Compensation (Tables)	9 Months Ended
	Mar. 01, 2014
Stock Based Compensation [Abstract]	'
Summary Of Restricted Share Activity	'
		Number of Shares		Weighted Average Grant Date Fair Value
	Outstanding, June 1, 2013		63,000	$	41.08
	Granted		63,600		53.53
	Vested		-2,600		-46.35
	Forfeited		-300		-41.08
	Outstanding, March 1, 2014		123,700	$	47.37

Inventories_Tables

Inventories (Tables)	9 Months Ended
	Mar. 01, 2014
Inventories [Abstract]	'
Schedule Of Inventories	'
		1-Mar-14		1-Jun-13
	Flocks	$	89,491	$	83,894
	Eggs		12,050		13,694
	Feed and supplies		47,755		50,405
		$	149,296	$	147,993

Net_Income_Per_Common_Share_Ta

Net Income Per Common Share (Tables)	9 Months Ended
	Mar. 01, 2014
Net Income Per Common Share [Abstract]	'
Computation Of Basic And Diluted Net Income Per Share Attributable To The Company	'
		13 Weeks Ended				39 Weeks Ended
		1-Mar-14		2-Mar-13		1-Mar-14		2-Mar-13
	Net income attributable to
	Cal-Maine Foods, Inc.	$	42,853	$	30,551	$	77,715	$	54,256
	Basic weighted-average common shares		24,047		24,035		24,061		23,966
	Effect of dilutive securities:
	Restricted shares		95		32		74		10
	Common stock options		20		37		20		37
	Dilutive potential common shares		24,162		24,104		24,155		24,013
	Net income per common share
	attributable to Cal-Maine Foods, Inc.:
	Basic	$	1.78	$	1.27	$	3.23	$	2.26
	Diluted	$	1.77	$	1.27	$	3.22	$	2.26

Accrued_Dividends_Payable_And_1

Accrued Dividends Payable And Dividends Per Common Share (Tables)	9 Months Ended
	Mar. 01, 2014
Accrued Dividends Payable And Dividends Per Common Share [Abstract]	'
Schedule Of Dividends Per Common Share	'
		13 Weeks Ended				39 Weeks Ended
		1-Mar-14		2-Mar-13		1-Mar-14		2-Mar-13
	Net income attributable to Cal-Maine Foods, Inc.	$	42,853	$	30,551	$	77,715	$	54,256
	Fourth quarter fiscal 2013 loss		-		-		-3,833		-
	Net income available for dividend calculation		42,853		30,551		73,882		54,256
	1/3 of net income attributable to Cal-Maine Foods, Inc. available for dividend		14,284		10,184		24,627		18,085
	Accrued dividends payable		14,284		10,184
	Common stock outstanding (shares)		21,782		21,698
	Class A common stock outstanding (shares)		2,400		2,400
	Total common stock outstanding (shares)		24,182		24,098
	Dividends per common share*	$	0.591	$	0.423	$	1.020	$	0.753
	*Dividends per common share =/font>1/3 of Net income (loss) attributable to Cal-Maine Foods, Inc. available for dividend ÷ Total common stock outstanding (shares)

Derivative_Financial_Instrumen1

Derivative Financial Instruments (Tables)	9 Months Ended
	Mar. 01, 2014
Derivative Financial Instruments [Abstract]	'
Schedule Of Fair Value Of All Derivative Instruments Outstanding	'
	Contracts outstanding at period end
	Commodity	Units		Fair Value
	Corn	2,610	bushels	$
				325
	Soybean meal	27	tons	$
				585

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)	9 Months Ended
	Mar. 01, 2014
Fair Value Measurements [Abstract]	'
Schedule Of Fair Value And Carrying Value Of Borrowings Under Credit Facilities And Long-Term Debt	'
		1-Mar-14						1-Jun-13
		Carrying Value			Fair Value			Carrying Value			Fair Value
	5.45 – 6.4% Notes payable	$	54,559		$	55,518		$	54,240		$	56,237
	Series A Senior Secured Notes at 5.45%		8,944			8,944			10,523			10,636
	Other		198			203			-			-
	Notes payable-Texas Egg Products, LLC (payable to non-affiliate equity members)		260			260			257			257
		$	63,961		$	64,925		$	65,020		$	67,130
Schedule Of Assets Measured At Fair Value On A Recurring Basis	'
			1-Mar-14
			Quoted Prices
			in Active			Significant
			Markets for			Other			Significant
			Identical			Observable			Unobservable
			Instruments			Inputs			Inputs			Total
			(Level 1)			(Level 2)			(Level 3)			Balance
	Investment securities available-for-sale
	State municipal bonds		$	-		$	69,488		$	-		$	69,488
	US government obligations			-			4,060			-			4,060
	Corporate bonds			-			82,358			-			82,358
	Commercial paper			-			9,697			-			9,697
	Certificates of deposit			-			1,838			-			1,838
	Government agency bonds			-			5,820			-			5,820
	Variable rate demand notes			-			2,000			-			2,000
	Mutual Funds*			1,406			-			-			1,406
	Total available-for-sale securities at fair value			1,406			175,261			-			176,667
	Commodity Contracts			-			910			-			910
	Total assets measured at fair value		$	1,406		$	176,171		$	-		$	177,577
	Contingent consideration			-			-			868			868
	Total liabilities measured at fair value		$	-		$	-		$	868		$	868
	*The mutual funds are classified as long term and are a part of “other investments” in the Condensed Consolidated Balance Sheet.
			1-Jun-13
			Quoted Prices
			in Active			Significant
			Markets for			Other			Significant
			Identical			Observable			Unobservable
			Instruments			Inputs			Inputs			Total
			(Level 1)			(Level 2)			(Level 3)			Balance
	Investment securities available-for-sale
	State municipal bonds		$	-		$	61,195		$	-		$	61,195
	US government obligations			-			12,377			-			12,377
	Corporate bonds			-			64,383			-			64,383
	Certificates of deposit			-			12,285			-			12,285
	Government agency bonds			-			7,664			-			7,664
	Mutual Funds*			1,026			-			-			1,026
	Total assets measured at fair value		$	1,026		$	157,904		$	-		$	158,930
	Contingent consideration		$	-		$	-		$	1,250		$	1,250
	Total liabilities measured at fair value		$	-		$	-		$	1,250		$	1,250
	*The mutual funds are classified as long term and are a part of “other investments” in the Condensed Consolidated Balance Sheet.
Changes In Fair Value Of Contingent Consideration	'
			Thirty-nine weeks ended March 1, 2014
	Balance at June 1, 2013	$	1,250
	Liabilities recognized at acquisition date		-
	(Gains)/Losses recognized in earnings		2,243
	Actual payments made		-2,625
	Balance at March 1, 2014	$	868

AvailableForSale_Securities_Ta

Available-For-Sale Securities (Tables)	9 Months Ended
	Mar. 01, 2014
Available-For-Sale Securities [Abstract]	'
Schedule Of Available-For-Sale Securities Classified As Current Assets	'
		1-Mar-14
		Amortized Cost		Gains in Accumulated Other Comprehensive Income		Losses in Accumulated Other Comprehensive Income		Estimated Fair Value
	State municipal bonds	$	69,328	$	160	$	-	$	69,488
	US government obligations		4,057		3		-		4,060
	Corporate bonds		82,255		103		-		82,358
	Commercial paper		9,696		1		-		9,697
	Certificates of deposit		1,837		1		-		1,838
	Government agency bonds		5,814		6		-		5,820
	Variable rate demand notes		2,000		-		-		2,000
	Total available-for-sale securities	$	174,987	$	274	$	-	$	175,261
	Mutual Funds*		993		413		-		1,406
	Total noncurrent available-for-sale securities	$	993	$	413	$	-	$	1,406
	*The mutual funds are classified as long term and are a part of “other investments” in the Condensed Consolidated Balance Sheet.
		1-Jun-13
		Amortized Cost		Gains in Accumulated Other Comprehensive Income		Losses in Accumulated Other Comprehensive Income		Estimated Fair Value
	State municipal bonds	$	61,124	$	71	$	-	$	61,195
	US government obligations		12,378		-		1		12,377
	Corporate bonds		64,406		-		23		64,383
	Certificates of deposit		12,280		5		-		12,285
	Government agency bonds		7,659		5		-		7,664
	Total current available-for-sale securities	$	157,847	$	81	$	24	$	157,904
	Mutual Funds*		721		305		-		1,026
	Total noncurrent available-for-sale securities	$	721	$	305	$	-	$	1,026
	*The mutual funds are classified as long term and are a part of “other investments” in the Condensed Consolidated Balance Sheet.
Schedule Of Contractual Maturities Of Available-For-Sale Debt Securities	'
			Estimated Fair Value
	Within one year	$	102,724
	After 1-5 years		72,537
	After 5-10 years		-
	Total	$	175,261

Equity_Tables

Equity (Tables)	9 Months Ended
	Mar. 01, 2014
Equity [Abstract]	'
Schedule Of Statement Of Stockholders' Equity Activities, Including Noncontrolling Interest	'
			Cal-Maine Foods, Inc.
			Common Stock
					Class A		Treasury		Paid In		Accum. Other		Retained		Noncontrolling
			Amount		Amount		Amount		Capital		Comp. Loss		Earnings		Interests		Total
	Balance at June 1, 2013	$	351	$	24	$	-20,572	$	39,052	$	166	$	498,711	$	312	$	518,044
	Dividends*		-		-		-		-		-		-24,599		-		-24,599
	Other comprehensive loss, net of tax		-		-		-		-		199		-		-		199
	Grant of restricted stock		-		-		98		-98		-		-		-		-
	Purchase of company stock - shares withheld to satisfy withholding obligation in connection with the vesting of restricted stock		-		-		-9		-		-		-		-		-9
	Proceeds from stock option exercise		-		-		30		88		-		-		-		118
	Tax benefit on non-qualifying distribution of incentive stock		-		-		-		160		-		-		-		160
	Restricted stock compensation		-		-		-		841		-		-		-		841
	Net income		-		-		-		-		-		77,715		386		78,101
	Balance at March 1, 2014	$	351	$	24	$	-20,453	$	40,043	$	365	$	551,827	$	698	$	572,855
	* Dividends are calculated as 1/3 of net income after prior period loss (includes adjustment for actual dividends paid based on accrual from previous period).

Acquisition_Narrative_Details

Acquisition (Narrative) (Details) (Delta Egg Farm, LLC [Member], USD $)	0 Months Ended	3 Months Ended
In Millions, unless otherwise specified	Mar. 01, 2014	Mar. 01, 2014
Business Acquisition [Line Items]	'	'
Acquisition date	1-Mar-14	'
Percentage of voting interest acquired	50.00%	50.00%
Purchase price	$17	'
Previous ownership interest of purchase	50.00%	50.00%
Non-recurring, non-cash gain for excess purchase price over carrying value	4	'
Reduction in tax expense	'	-1.5
Decrease in deferred tax liability	($3.70)	($3.70)
Delta, Utah [Member]	'	'
Business Acquisition [Line Items]	'	'
Number of laying hens	1,200,000	'
Chase, Kansas [Member]	'	'
Business Acquisition [Line Items]	'	'
Number of laying hens	400,000	'

Acquisition_Schedule_Of_Purcha

Acquisition (Schedule Of Purchase Price Allocation) (Details) (USD $)	Mar. 01, 2014	Jun. 01, 2013
In Thousands, unless otherwise specified
Business Acquisition [Line Items]	'	'
Goodwill	$28,298	$24,417
Delta Egg Farm, LLC [Member]	'	'
Business Acquisition [Line Items]	'	'
Cash and cash equivalents	5,452	'
Investment securities available for sale	1,973	'
Inventories	7,033	'
Property, plant and equipment	24,767	'
Other intangible assets	929	'
Goodwill	3,881	'
Other current assets	2,824	'
Current liabilities	-3,677	'
Long-term debt	-5,301	'
Deferred income taxes	-3,881	'
Total assets and liabilities acquired	$34,000	'

Stock_Based_Compensation_Detai

Stock Based Compensation (Details) (USD $)	9 Months Ended
	Mar. 01, 2014	Mar. 02, 2013	Jun. 01, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'
Stock based compensation expense (benefit)	$1,000,000	$712,000	'
Accounts payable and accrued expenses	72,266,000	'	71,827,000
Stock Appreciation Rights (SARs) [Member]	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'
Accounts payable and accrued expenses	867,000	'	986,000
Restricted Stock Units (RSUs) [Member]	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'
Unrecognized compensation expense	$4,800,000	'	'
Weighted average period of unrecognized compensation expense	'2 years 4 months 24 days	'	'

Stock_Based_Compensation_Summa

Stock Based Compensation (Summary Of Restricted Share Activity) (Details) (USD $)	9 Months Ended
	Mar. 01, 2014
Stock Based Compensation [Abstract]	'
Number of Shares, Outstanding, June 1, 2013	63,000
Number of Shares, Granted	63,600
Number of Shares, Vested	-2,600
Number of Shares, Forfeited	-300
Number of Shares, Outstanding, March 1, 2014	123,700
Weighted Average Grant Date Fair Value, Outstanding, June 1, 2013	$41.08
Weighted Average Grant Date Fair Value, Granted	$53.53
Weighted Average Grant Date Fair Value, Vested	($46.35)
Weighted Average Grant Date Fair Value, Forfeited	($41.08)
Weighted Average Grant Date Fair Value, Outstanding, March 1, 2014	$47.37

Inventories_Schedule_Of_Invent

Inventories (Schedule Of Inventories) (Details) (USD $)	Mar. 01, 2014	Jun. 01, 2013
In Thousands, unless otherwise specified
Inventories [Abstract]	'	'
Flocks	$89,491	$83,894
Eggs	12,050	13,694
Feed and supplies	47,755	50,405
Total inventories	$149,296	$147,993

Contingencies_Details

Contingencies (Details) (USD $)	Mar. 01, 2014
In Millions, unless otherwise specified
Contingencies [Abstract]	'
Standby letters of credit	$3

Net_Income_Per_Common_Share_Co

Net Income Per Common Share (Computation Of Basic And Diluted Net Income Per Share Attributable To The Company) (Details) (USD $)	3 Months Ended			9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 01, 2014	Jun. 01, 2013	Mar. 02, 2013	Mar. 01, 2014	Mar. 02, 2013
Net Income Per Common Share [Abstract]	'	'	'	'	'
Net income attributable to Cal-Maine Foods,Inc.	$42,853	($3,833)	$30,551	$77,715	$54,256
Basic weighted-average common shares	24,047	'	24,035	24,061	23,966
Restricted shares	95	'	32	74	10
Common stock options	20	'	37	20	37
Dilutive potential common shares	24,162	'	24,104	24,155	24,013
Basic	$1.78	'	$1.27	$3.23	$2.26
Diluted	$1.77	'	$1.27	$3.22	$2.26

Accrued_Dividends_Payable_And_2

Accrued Dividends Payable And Dividends Per Common Share (Narrative) (Details) (USD $)	3 Months Ended			9 Months Ended
In Thousands, unless otherwise specified	Mar. 01, 2014	Jun. 01, 2013	Mar. 02, 2013	Mar. 01, 2014	Mar. 02, 2013
Accrued Dividends Payable And Dividends Per Common Share [Abstract]	'	'	'	'	'
Percentage of net income used to compute accrued dividends	'	'	'	33.33%	'
Number of days after first, second and third quarter dividends paid	'	'	'	'60 days	'
Number of days after fourth quarter dividends paid	'	'	'	'70 days	'
Number of days dividends paid following record date	'	'	'	'15 days	'
Net income attributable to Cal-Maine Foods,Inc.	$42,853	($3,833)	$30,551	$77,715	$54,256

Accrued_Dividends_Payable_And_3

Accrued Dividends Payable And Dividends Per Common Share (Schedule Of Dividends Per Common Share) (Details) (USD $)	3 Months Ended					9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 01, 2014		Jun. 01, 2013	Mar. 02, 2013		Mar. 01, 2014		Mar. 02, 2013
Dividends Payable [Line Items]	'		'	'		'		'
Net income attributable to Cal-Maine Foods,Inc.	$42,853		($3,833)	$30,551		$77,715		$54,256
Net income available for dividend calculation	42,853		'	30,551		73,882		54,256
1/3 of net income attributable to Cal-Maine Foods, Inc. available for dividend	14,284		'	10,184		24,627		18,085
Accrued dividends payable	$14,284		'	$10,184		$14,284		$10,184
Common stock outstanding (shares)	24,182		'	24,098		24,182		24,098
Dividends per common share	$0.59	[1]	'	$0.42	[1]	$1.02	[1]	$0.75	[1]
Percentage of net income attributable to Cal-Maine Foods, Inc.	'		'	'		33.33%		'
Common Stock [Member]	'		'	'		'		'
Dividends Payable [Line Items]	'		'	'		'		'
Common stock outstanding (shares)	21,782		21,698	21,698		21,782		21,698
Class A Common Stock [Member]	'		'	'		'		'
Dividends Payable [Line Items]	'		'	'		'		'
Common stock outstanding (shares)	2,400		2,400	2,400		2,400		2,400
[1]	Dividends per common share =/3 of Net income (loss) attributable to Cal-Maine Foods, Inc. available for dividend C7 Total common stock outstanding (shares)

Derivative_Financial_Instrumen2

Derivative Financial Instruments (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Mar. 01, 2014
	bu
Derivatives, Fair Value [Line Items]	'
Derivative, fair value	$910
Corn Commodity [Member]	'
Derivatives, Fair Value [Line Items]	'
Derivative, fair value	325
Underlying, derivative volume	2,610,000
Soybean Meal Commodity [Member]	'
Derivatives, Fair Value [Line Items]	'
Derivative, fair value	$585
Underlying, derivative mass	27,000

Fair_Value_Measurements_Narrat

Fair Value Measurements (Narrative) (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Mar. 01, 2014
Fair Value Measurements [Abstract]	'
(Gains)/Losses recognized in earnings	$2,243

Fair_Value_Measurements_Schedu

Fair Value Measurements (Schedule Of Fair Value And Carrying Value Of Borrowings Under Credit Facilities And Long-Term Debt) (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Mar. 01, 2014	Jun. 01, 2013
Debt Instrument [Line Items]	'	'
Long-term debt, Carrying Value	$63,961	$65,020
Long-term debt, Fair Value	64,925	67,130
5.45 - 6.4% Notes Payable [Member]	'	'
Debt Instrument [Line Items]	'	'
Long-term debt, Carrying Value	54,559	54,240
Long-term debt, Fair Value	55,518	56,237
Interest rate, minimum	5.45%	'
Interest rate, maximum	6.40%	'
Series A Senior Secured Notes At 5.45% [Member]	'	'
Debt Instrument [Line Items]	'	'
Long-term debt, Carrying Value	8,944	10,523
Long-term debt, Fair Value	8,944	10,636
Interest rate	5.45%	'
Other [Member]	'	'
Debt Instrument [Line Items]	'	'
Long-term debt, Carrying Value	198	'
Long-term debt, Fair Value	203	'
Notes Payable-Texas Egg Products, LLC [Member]	'	'
Debt Instrument [Line Items]	'	'
Long-term debt, Carrying Value	260	257
Long-term debt, Fair Value	$260	$257

Fair_Value_Measurements_Schedu1

Fair Value Measurements (Schedule Of Assets Measured At Fair Value On A Recurring Basis) (Details) (USD $)	Mar. 01, 2014		Jun. 01, 2013
In Thousands, unless otherwise specified
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
Investment securities available-for-sale	$176,667		'
Commodity contracts	910		'
Total assets measured at fair value	177,577		158,930
Contingent consideration	868		1,250
Total liabilities measured at fair value	868		1,250
Quoted Prices In Active Markets For Identical Instruments (Level 1) [Member]	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
Investment securities available-for-sale	1,406		'
Commodity contracts	'		'
Total assets measured at fair value	1,406		1,026
Contingent consideration	'		'
Total liabilities measured at fair value	'		'
Significant Other Observable Inputs (Level 2) [Member]	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
Investment securities available-for-sale	175,261		'
Commodity contracts	910		'
Total assets measured at fair value	176,171		157,904
Significant Unobservable Inputs (Level 3) [Member]	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
Investment securities available-for-sale	'		'
Commodity contracts	'		'
Total assets measured at fair value	'		'
Contingent consideration	868		1,250
Total liabilities measured at fair value	868		1,250
State Municipal Bonds [Member]	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
Investment securities available-for-sale	69,488		61,195
State Municipal Bonds [Member] | Quoted Prices In Active Markets For Identical Instruments (Level 1) [Member]	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
Investment securities available-for-sale	'		'
State Municipal Bonds [Member] | Significant Other Observable Inputs (Level 2) [Member]	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
Investment securities available-for-sale	69,488		61,195
State Municipal Bonds [Member] | Significant Unobservable Inputs (Level 3) [Member]	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
Investment securities available-for-sale	'		'
US Government Obligations [Member]	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
Investment securities available-for-sale	4,060		12,377
US Government Obligations [Member] | Quoted Prices In Active Markets For Identical Instruments (Level 1) [Member]	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
Investment securities available-for-sale	'		'
US Government Obligations [Member] | Significant Other Observable Inputs (Level 2) [Member]	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
Investment securities available-for-sale	4,060		12,377
US Government Obligations [Member] | Significant Unobservable Inputs (Level 3) [Member]	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
Investment securities available-for-sale	'		'
Corporate Bonds [Member]	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
Investment securities available-for-sale	82,358		64,383
Corporate Bonds [Member] | Quoted Prices In Active Markets For Identical Instruments (Level 1) [Member]	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
Investment securities available-for-sale	'		'
Corporate Bonds [Member] | Significant Other Observable Inputs (Level 2) [Member]	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
Investment securities available-for-sale	82,358		64,383
Corporate Bonds [Member] | Significant Unobservable Inputs (Level 3) [Member]	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
Investment securities available-for-sale	'		'
Commercial Paper [Member]	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
Investment securities available-for-sale	9,697		'
Commercial Paper [Member] | Quoted Prices In Active Markets For Identical Instruments (Level 1) [Member]	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
Investment securities available-for-sale	'		'
Commercial Paper [Member] | Significant Other Observable Inputs (Level 2) [Member]	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
Investment securities available-for-sale	9,697		'
Commercial Paper [Member] | Significant Unobservable Inputs (Level 3) [Member]	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
Investment securities available-for-sale	'		'
Certificates Of Deposit [Member]	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
Investment securities available-for-sale	1,838		12,285
Certificates Of Deposit [Member] | Quoted Prices In Active Markets For Identical Instruments (Level 1) [Member]	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
Investment securities available-for-sale	'		'
Certificates Of Deposit [Member] | Significant Other Observable Inputs (Level 2) [Member]	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
Investment securities available-for-sale	1,838		12,285
Certificates Of Deposit [Member] | Significant Unobservable Inputs (Level 3) [Member]	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
Investment securities available-for-sale	'		'
Government Agency Bonds [Member]	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
Investment securities available-for-sale	5,820		7,664
Government Agency Bonds [Member] | Quoted Prices In Active Markets For Identical Instruments (Level 1) [Member]	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
Investment securities available-for-sale	'		'
Government Agency Bonds [Member] | Significant Other Observable Inputs (Level 2) [Member]	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
Investment securities available-for-sale	5,820		7,664
Government Agency Bonds [Member] | Significant Unobservable Inputs (Level 3) [Member]	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
Investment securities available-for-sale	'		'
Variable Rate Demand Notes [Member]	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
Investment securities available-for-sale	2,000	[1]	'
Variable Rate Demand Notes [Member] | Quoted Prices In Active Markets For Identical Instruments (Level 1) [Member]	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
Investment securities available-for-sale	'	[1]	'
Variable Rate Demand Notes [Member] | Significant Other Observable Inputs (Level 2) [Member]	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
Investment securities available-for-sale	2,000	[1]	'
Variable Rate Demand Notes [Member] | Significant Unobservable Inputs (Level 3) [Member]	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
Investment securities available-for-sale	'	[1]	'
Mutual Funds [Member]	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
Investment securities available-for-sale	1,406	[1]	1,026	[1]
Mutual Funds [Member] | Quoted Prices In Active Markets For Identical Instruments (Level 1) [Member]	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
Investment securities available-for-sale	1,406	[1]	1,026	[1]
Mutual Funds [Member] | Significant Unobservable Inputs (Level 3) [Member]	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
Investment securities available-for-sale	'	[1]	'	[1]
[1]	The mutual funds are classified as long term and are a part of bother investmentsb in the Condensed Consolidated Balance Sheet.

Fair_Value_Measurements_Change

Fair Value Measurements (Changes In Fair Value Of Contingent Consideration) (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Mar. 01, 2014
Fair Value Measurements [Abstract]	'
Balance at June 1, 2013	$1,250
Liabilities recognized at acquisition date	'
(Gains)/Losses recognized in earnings	2,243
Actual payments made	-2,625
Balance at March 1, 2014	$868

AvailableForSale_Securities_Na

Available-For-Sale Securities (Narrative) (Details) (USD $)	9 Months Ended
	Mar. 01, 2014	Mar. 02, 2013
Available-For-Sale Securities [Abstract]	'	'
Proceeds from sale of available-for-sale securities	$91,400,000	$177,400,000
Gross realized gains on sales of available-for-sale securities	7,000,000	0
Gross realized losses on sales of available-for-sale securities	2,000,000	31,000,000
Unrealized holding gains (losses) net of tax on available-for-sale securities	$199,000,000	$233,000,000

AvailableForSale_Securities_Sc

Available-For-Sale Securities (Schedule Of Available-For-Sale Securities Classified As Current Assets) (Details) (USD $)	Mar. 01, 2014		Jun. 01, 2013
In Thousands, unless otherwise specified
Schedule of Available-for-sale Securities [Line Items]	'		'
Estimated Fair Value	$176,667		'
Current Assets [Member]	'		'
Schedule of Available-for-sale Securities [Line Items]	'		'
Amortized Cost	174,987		157,847
Gains in Accumulated Other Comprehensive Income	274		81
Losses in Accumulated Other Comprehensive Income	'		24
Estimated Fair Value	175,261		157,904
Noncurrent Assets [Member]	'		'
Schedule of Available-for-sale Securities [Line Items]	'		'
Amortized Cost	993		721
Gains in Accumulated Other Comprehensive Income	413		305
Estimated Fair Value	1,406		1,026
State Municipal Bonds [Member] | Current Assets [Member]	'		'
Schedule of Available-for-sale Securities [Line Items]	'		'
Amortized Cost	69,328		61,124
Gains in Accumulated Other Comprehensive Income	160		71
Estimated Fair Value	69,488		61,195
US Government Obligations [Member] | Current Assets [Member]	'		'
Schedule of Available-for-sale Securities [Line Items]	'		'
Amortized Cost	4,057		12,378
Gains in Accumulated Other Comprehensive Income	3		'
Losses in Accumulated Other Comprehensive Income	'		1
Estimated Fair Value	4,060		12,377
Corporate Bonds [Member] | Current Assets [Member]	'		'
Schedule of Available-for-sale Securities [Line Items]	'		'
Amortized Cost	82,255		64,406
Gains in Accumulated Other Comprehensive Income	103		'
Losses in Accumulated Other Comprehensive Income	'		23
Estimated Fair Value	82,358		64,383
Commercial Paper [Member] | Current Assets [Member]	'		'
Schedule of Available-for-sale Securities [Line Items]	'		'
Amortized Cost	9,696		'
Gains in Accumulated Other Comprehensive Income	1		'
Estimated Fair Value	9,697		'
Certificates Of Deposit [Member] | Current Assets [Member]	'		'
Schedule of Available-for-sale Securities [Line Items]	'		'
Amortized Cost	1,837		12,280
Gains in Accumulated Other Comprehensive Income	1		5
Estimated Fair Value	1,838		12,285
Variable Rate Demand Notes [Member] | Current Assets [Member]	'		'
Schedule of Available-for-sale Securities [Line Items]	'		'
Amortized Cost	2,000		'
Estimated Fair Value	2,000		'
Government Agency Bonds [Member] | Current Assets [Member]	'		'
Schedule of Available-for-sale Securities [Line Items]	'		'
Amortized Cost	5,814		7,659
Gains in Accumulated Other Comprehensive Income	6		5
Estimated Fair Value	5,820		7,664
Mutual Funds [Member] | Noncurrent Assets [Member]	'		'
Schedule of Available-for-sale Securities [Line Items]	'		'
Amortized Cost	993	[1]	721	[1]
Gains in Accumulated Other Comprehensive Income	413	[1]	305	[1]
Estimated Fair Value	$1,406	[1]	$1,026	[1]
[1]	The mutual funds are classified as long term and are a part of bother investmentsb in the Condensed Consolidated Balance Sheet.

AvailableForSale_Securities_Sc1

Available-For-Sale Securities (Schedule Of Contractual Maturities Of Available-For-Sale Debt Securities) (Details) (USD $)	Mar. 01, 2014
In Thousands, unless otherwise specified
Available-For-Sale Securities [Abstract]	'
Within one year	$102,724
After 1-5 years	72,537
After 5-10 years	'
Total	$175,261

Equity_Details

Equity (Details) (USD $)

3 Months Ended

9 Months Ended

In Thousands, unless otherwise specified

Mar. 01, 2014

Mar. 02, 2013

Mar. 01, 2014

Mar. 02, 2013

Mar. 01, 2014

Mar. 01, 2014

Mar. 01, 2014

Mar. 01, 2014

Mar. 01, 2014

Mar. 01, 2014

Jun. 01, 2013

Mar. 01, 2014

Jun. 01, 2013

Treasury Amount [Member]

Paid In Capital [Member]

Accumulated Other Comprehensive Loss [Member]

Retained Earnings [Member]

Noncontrolling Interests [Member]

Common Stock [Member]

Common Stock [Member]

Class A Common Stock [Member]

Class A Common Stock [Member]

Schedule of Stockholders Equity [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

Balance at June 1, 2013

'

'

$518,044

'

($20,572)

$39,052

$166

$498,711

$312

$351

$351

$24

$24

Dividends

'

'

-24,599

[1]

'

'

'

'

-24,599

[1]

'

'

'

'

'

Other comprehensive loss, net of tax

60

96

199

233

'

'

199

'

'

'

'

'

'

Grant of restricted stock

'

'

'

'

98

-98

'

'

'

'

'

'

'

Purchase of company stock - shares withheld to satisfy withholding obligations in connection with the vesting of restricted stock

'

'

-9

'

-9

'

'

'

'

'

'

'

'

Proceeds from stock option exercise

'

'

118

'

30

88

'

'

'

'

'

'

'

Tax benefit on nonqualifying disposition of incentive stock options

'

'

160

'

'

160

'

'

'

'

'

'

'

Restricted stock compensation expense

'

'

841

'

'

841

'

'

'

'

'

'

'

Net income

42,956

30,547

78,101

54,397

'

'

'

77,715

386

'

'

'

'

Balance at November 30, 2013

$572,855

'

$572,855

'

($20,453)

$40,043

$365

$551,827

$698

$351

$351

$24

$24

Percentage of net income used to compute accrued dividends

'

'

33.33%

'

'

'

'

'

'

'

'

'

'

[1]

Dividends are calculated as 1/3 of net income after prior period loss (includes adjustment for actual dividends paid based on accrual from previous period).