v3.25.2
Share-Based Compensation (Tables)
12 Months Ended
May 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Options, Activity A summary of stock option activity is as follows (in thousands, except option prices and years):

 

 

Number of
Options

 

 

Weighted
Average
Exercise
Price

 

 

Weighted
Average
Remaining
Contractual
Life

 

 

Aggregate
Intrinsic
Value (1)

 

Options Outstanding at May 28, 2022

 

 

1,148

 

 

$

7.82

 

 

 

 

 

 

 

Granted

 

 

194

 

 

 

15.58

 

 

 

 

 

 

 

Exercised

 

 

(441

)

 

 

8.58

 

 

 

 

 

 

 

Forfeited

 

 

(20

)

 

 

8.15

 

 

 

 

 

 

 

Cancelled

 

 

(25

)

 

 

11.67

 

 

 

 

 

 

 

Options Outstanding at May 27, 2023

 

 

856

 

 

$

9.07

 

 

 

 

 

 

 

Granted

 

 

205

 

 

 

15.51

 

 

 

 

 

 

 

Exercised

 

 

(75

)

 

 

7.91

 

 

 

 

 

 

 

Forfeited

 

 

(18

)

 

 

9.32

 

 

 

 

 

 

 

Cancelled

 

 

(10

)

 

 

11.70

 

 

 

 

 

 

 

Options Outstanding at June 1, 2024

 

 

958

 

 

$

10.51

 

 

 

 

 

 

 

Granted

 

 

184

 

 

 

11.89

 

 

 

 

 

 

 

Exercised

 

 

(47

)

 

 

6.76

 

 

 

 

 

 

 

Forfeited

 

 

(6

)

 

 

11.80

 

 

 

 

 

 

 

Cancelled

 

 

(17

)

 

 

10.11

 

 

 

 

 

 

 

Options Outstanding at May 31, 2025

 

 

1,072

 

 

$

10.91

 

 

 

6.3

 

 

$

1,087

 

Options Vested at May 31, 2025

 

 

565

 

 

$

9.27

 

 

 

4.8

 

 

$

889

 

 

(1)
Includes only those options that were in-the-money as of May 31, 2025. Stock options for which the exercise price exceeded the market price have been omitted. Fluctuations in the intrinsic value of both outstanding and exercisable options may result from changes in underlying stock price and timing and volume of option grants, exercises and forfeitures.
Schedule of Stock Options, Valuation Assumptions

The fair value of stock options is estimated using the Black-Scholes option-pricing model with the following weighted average assumptions:

 

 

Fiscal Year Ended

 

 

 

May 31, 2025

 

 

June 1, 2024

 

 

May 27, 2023

 

Expected volatility

 

 

48.07

%

 

 

44.80

%

 

 

39.12

%

Risk-free interest rate

 

 

4.17

%

 

 

4.02

%

 

 

3.09

%

Expected live (years)

 

 

5.67

 

 

 

5.61

 

 

 

5.47

 

Annual cash dividend

 

$

0.24

 

 

$

0.24

 

 

$

0.24

 

Schedule of Restricted Stock Award Transactions

As of May 31, 2025, a summary of restricted stock award transactions was as follows (in thousands):

 

 

Unvested
Restricted
Shares

 

Unvested at May 27, 2023

 

 

125

 

Granted

 

 

45

 

Vested

 

 

(66

)

Unvested at June 1, 2024

 

 

104

 

Granted

 

 

74

 

Vested

 

 

(78

)

Unvested at May 31, 2025

 

 

100