v3.26.1
Employee Benefit Plans
12 Months Ended
May 30, 2026
Employee Benefit Plans [Abstract]  
Employee Benefit Plans
Note 9 -
Employee
Benefit Plans
KSOP
The
Company
maintains
a
KSOP covering
substantially
all employees
(the
“Plan”).
The
Company
contributes
3
% of
eligible
compensation,
plus discretionary
amounts,
with
contributions
vesting
immediately.
Cash
contributions
to
the
Plan
were
$
7.0
million,
$
5.5
million and
$
4.3
million
in
fiscal
2026,
2025,
and
2024,
respectively.
The Plan
purchases
Company
stock in the
open
market
using Company
contributions
and
dividends.
Deferred Compensation
and Other Postretirement
Plans
The Company
maintains several
deferred
compensation
and other postretirement
plans for
certain
officers
and a
select group
of
management
and
highly compensated
employees of
the Company.
The liability
recorded
related
to
these
agreements
was
$
6.7
million and
$
4.1
million at
May 30,
2026
and May
31, 2025,
respectively
and is classified
within “Accrued
expenses
and other
current
liabilities”
and
“Other
liabilities”
in
the Company’s
Consolidated
Balance
Sheets. The
related
expense
for these
plans
was $
1.1
million, $
1.5
million and
$
1.2
million in fiscal 2026,
2025
and
2024,
respectively.