Goodwill and Other Intangible Assets	12 Months Ended
Goodwill and Other Intangible Assets	May 30, 2026
Goodwill and Other Intangible Assets [Abstract]
Goodwill and Other Intangible Assets	Note 8 - Goodwill and Other Intangible Assets Goodwill During the fourth quarter of fiscal 2026, the Company transitioned into its new reporting structure which resulted in changes to the Company’s operating segments and reporting units. The goodwill of the Company’s historical reporting units were reallocat ed to the new reporting units on a relative fair value basis as of the date of the reorganization. The Company assessed goodwill for impairment immediately before and immediately after the reorganization and concluded that there was no goodwill impairment. For more information regarding the changes to our reportable segments in the fourth quarter of fiscal 2026, refer to Note 15 – Segment Reporting . The changes in the carrying amount of goodwill were (in thousands): Consolidated Business Conventional Shell Eggs Specialty Shell Eggs Prepared Foods Total Balance June 1, 2024 $ 45,776 $ — $ — $ — $ 45,776 Additions 1,000 — — 1,000 Balance May 31, 2025 46,776 — — — 46,776 Additions 50,283 — — — 50,283 Balance March 2, 2026 97,059 — — — 97,059 Goodwill reallocation (97,059) 13,790 53,163 30,106 — Balance May 30, 2026 $ — $ 13,790 $ 53,163 $ 30,106 $ 97,059 Intangible Assets The carrying amounts for indefinite-lived intangibles consisted of the following (in thousands): May 30, 2026 May 31, 2025 Brand name $ 14,526 $ — Water rights 2,942 2,942 Total $ 17,468 $ 2,942 During fiscal 2026, the Company purchased the Van’s brand name as part of the asset acquisition. This intangible asset is classified as an indefinite-lived brand name. Intangible assets, net, subject to amortization, consisted of the following (in thousands): Franchise rights Customer relationships Other intangibles Total Balance June 1, 2024 $ 11,787 $ 608 $ 659 $ 13,054 Additions — 700 619 1,319 Amortization (1,596) (353) (209) (2,158) Balance May 31, 2025 10,191 955 1,069 12,215 Additions — 40,000 10,212 50,212 Amortization (1,595) (3,555) (1,615) (6,765) Balance May 30, 2026 $ 8,596 $ 37,400 $ 9,666 $ 55,662 For intangible assets subject to amortization, the gross carrying amounts and accumulated amortization are as follows (in thousands): May 30, 2026 May 31, 2025 Gross carrying Accumulated Gross carrying Accumulated amount amortization amount amortization Amortizable intangible assets: Franchise rights $ 27,979 $ (19,383) $ 29,284 $ (19,093) Customer relationships 41,700 (4,300) 1,700 (745) Other intangibles 11,981 (2,315) 1,769 (700) Total $ 81,660 $ (25,998) $ 32,753 $ (20,538) No significant residual value is estimated for these intangible assets. Aggregate amortization expense for fiscal years 2026, 2025, and 2024 totaled $ 6.8 million, $ 2.2 million and $ 2.2 million, respectively. Amortization expenses is classified in “Selling, general and administrative expenses ” in the accompanying Consolidated Statements of Income. The following table presents the total estimated amortization expense of intangible assets for the five succeeding years (in thousands): For fiscal year Estimated amortization expense 2027 $ 7,735 2028 7,665 2029 7,602 2030 7,512 2031 6,351 Thereafter 18,797 Total $ 55,662