v3.26.1
Equity
 12 Months Ended
May 30, 2026
Equity [Abstract]  
Equity
Note
11
- Equity
On April
14, 2025,
all
4.8
million shares
of Class
A
Common
Stock were
converted
into
Common
Stock. Upon
the conversion
of the
Class A Stock, the
Company
was no longer a
controlled company
under the
rules of The Nasdaq
Stock Market.
On February
25, 2025,
the Board
approved
a
$
500
million
share repurchase
program.
The share
repurchase
program
authorizes
the Company,
in
management’s
discretion, to repurchase
Common
Stock from time to time for an
aggregate purchase
price up to
$
500
million
(exclusive
of
any
fees,
taxes,
commissions
or
other
expenses
related
to
such
repurchases),
subject
to
market
conditions
and other
factors. The
actual
timing, number
and value
of shares
repurchased
under the
program
will
be determined
by management
in its discretion
and
will depend
on a
number
of
factors,
including,
but not
limited to,
the
market
price of
the
Common
Stock and
general market
and
economic
conditions.
The Company
repurchased
1,571,950
and
551,876
shares during fiscal
2026 and
2025, respectively,
under the
share repurchase
program.
As of May
30, 2026, the
Company
had remaining authorization
to purchase up to
$
320.7
million under
the repurchase
program.
Authorized
preferred
stock
consists
of
10,000,000
shares,
with
a
par
value
of
$
0.01
,
of
which
no
shares
were
issued
and
outstanding
as of
May
30, 2026
and
May
31, 2025.