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reference<div style="display:inline-block;width:4px"> </div>from the registrant’s<div style="display:inline-block;width:5px"> </div>Definitive Proxy Statement </div><div id="a276" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:28px;">for its 2023<div style="display:inline-block;width:5px"> </div>annual meeting of<div style="display:inline-block;width:4px"> </div>stockholders which will be<div style="display:inline-block;width:5px"> </div>filed pursuant to<div style="display:inline-block;width:4px"> </div>Regulation 14A not later<div style="display:inline-block;width:5px"> </div>than 120 days<div style="display:inline-block;width:4px"> </div>after the end<div style="display:inline-block;width:4px"> </div>of the fiscal </div><div id="a278" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:43px;">year covered by this report.</div></div> 292824000 59084000 355090000 115429000 110980000 169109000 66966000 42147000 9267000 8148000 187213000 219404000 284418000 263316000 5380000 4286000 1124925000 661519000 744540000 677796000 14449000 15530000 44006000 44006000 15897000 18131000 10708000 10507000 1954525000 1427489000 82590000 82049000 37130000 36656000 38733000 26059000 8288000 25687000 15990000 14223000 182731000 184674000 9999000 10274000 152212000 128196000 344942000 323144000 0.01 120000000 70261000 703000 703000 4800000 48000 48000 72112000 67989000 1571112000 1065854000 -2886000 -1596000 26077000 26121000 30008000 28447000 1611081000 1104551000 -1498000 -206000 1609583000 1104345000 1954525000 1427489000 3146217000 1777159000 1348987000 1949760000 1440100000 1188326000 1196457000 337059000 160661000 232207000 198631000 183943000 3345000 5492000 0 131000 -383000 -2982000 967726000 143537000 -26264000 583000 403000 213000 18553000 988000 2828000 10239000 10130000 9004000 746000 1943000 622000 1869000 9820000 4074000 30824000 22478000 16315000 998550000 166015000 -9949000 241818000 33574000 -12009000 756732000 132441000 2060000 -1292000 -209000 0 758024000 132650000 2060000 15.58 2.73 0.04 15.52 2.72 0.04 48648000 48581000 48522000 48834000 48734000 48656000 756732000 132441000 2060000 -1714000 -1398000 -736000 27000 9000 137000 -1741000 -1407000 -873000 -451000 -369000 -236000 -1290000 -1038000 -637000 755442000 131403000 1423000 -1292000 -209000 0 756734000 131612000 1423000 70261000 703000 4800000 48000 26287000 -26674000 60372000 975569000 79000 1010097000 85000 -759000 3667000 2908000 0.034 1489000 1489000 163000 163000 5000 5000 2060000 2060000 -637000 -637000 70261000 703000 4800000 48000 26202000 -27433000 64044000 975977000 -558000 1012781000 81000 -1014000 3945000 2931000 0.874 38578000 38578000 4195000 4195000 3000 3000 132650000 -209000 132441000 -1038000 -1038000 70261000 703000 4800000 48000 26121000 -28447000 67989000 1065854000 -1596000 -206000 1104345000 44000 -1561000 4123000 2562000 5.161 227993000 227993000 24773000 24773000 758024000 -1292000 756732000 -1290000 -1290000 70261000 703000 4800000 48000 26077000 -30008000 72112000 1571112000 -2886000 -1498000 1609583000 756732000 132441000 2060000 72234000 68395000 59477000 24467000 5676000 22351000 746000 1943000 622000 3345000 5492000 0 3345000 0 0 131000 -383000 -2982000 4205000 4063000 3778000 -17000 745000 -1810000 -60000 2208000 22000 85000 356000 334000 1739000 4939000 55000 4380000 -977000 -890000 2000000 0 0 0 4545000 0 35000 -109000 -231000 -30816000 93897000 33487000 21102000 36152000 31159000 -2851000 54782000 -1412000 863010000 126209000 26136000 530781000 98243000 88283000 291832000 92703000 129108000 0 44823000 0 1673000 3000000 0 1500000 400000 6663000 136569000 72399000 95069000 0 7655000 0 580000 686000 3390000 -375111000 -117021000 -44191000 224000 215000 205000 -1643000 -1127000 -871000 252292000 6117000 1652000 0 3000 5000 -254159000 -7456000 -2723000 233740000 1732000 -20778000 59084000 57352000 78130000 292824000 59084000 57352000 648000 805000 929000 258247000 1747000 995000 561000 379000 508000 <div id="TextBlockContainer16" style="position:relative;line-height:normal;width:697px;height:884px;"><div id="a12117" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:bold;font-style:normal;color:#000000;left:4px;top:0px;">Note 1 - Summary of Significant Accounting Policies </div><div id="div_4_XBRL_TS_9be296ee862441168e50968110acc247" style="position:absolute;left:0px;top:32px;float:left;"><div id="TextBlockContainer5" style="position:relative;line-height:normal;width:697px;height:111px;"><div id="a12125" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:0px;">Nature of Operations </div><div id="a12128" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">Cal-Maine<div style="display:inline-block;width:6px"> </div>Foods,<div style="display:inline-block;width:6px"> </div>Inc.<div style="display:inline-block;width:6px"> </div>(“we,”<div style="display:inline-block;width:5px"> </div>“us,”<div style="display:inline-block;width:6px"> </div>“our,”<div style="display:inline-block;width:6px"> </div>or<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:6px"> </div>“Company”)<div style="display:inline-block;width:6px"> </div>is<div style="display:inline-block;width:5px"> </div>primarily<div style="display:inline-block;width:6px"> </div>engaged<div style="display:inline-block;width:6px"> </div>in<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:6px"> </div>production,<div style="display:inline-block;width:6px"> </div>grading,<div style="display:inline-block;width:6px"> </div>packaging, </div><div id="a12134" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">marketing and distribution<div style="display:inline-block;width:5px"> </div>of fresh shell eggs,<div style="display:inline-block;width:5px"> </div>including conventional, cage-free,<div style="display:inline-block;width:5px"> </div>organic, brown, free<div style="display:inline-block;width:1px"> </div>-range, pasture-raised and </div><div id="a12144" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">nutritionally-enhanced<div style="display:inline-block;width:6px"> </div>eggs.<div style="display:inline-block;width:6px"> </div>The<div style="display:inline-block;width:6px"> </div>Company,<div style="display:inline-block;width:7px"> </div>which<div style="display:inline-block;width:6px"> </div>is<div style="display:inline-block;width:6px"> </div>headquartered<div style="display:inline-block;width:6px"> </div>in<div style="display:inline-block;width:6px"> </div>Ridgeland,<div style="display:inline-block;width:6px"> </div>Mississippi,<div style="display:inline-block;width:6px"> </div>is<div style="display:inline-block;width:6px"> </div>the<div style="display:inline-block;width:6px"> </div>largest<div style="display:inline-block;width:6px"> </div>producer<div style="display:inline-block;width:6px"> </div>and </div><div id="a12147" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:79px;">distributor<div style="display:inline-block;width:5px"> </div>of<div style="display:inline-block;width:5px"> </div>fresh<div style="display:inline-block;width:5px"> </div>shell<div style="display:inline-block;width:5px"> </div>eggs<div style="display:inline-block;width:5px"> </div>in<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>United<div style="display:inline-block;width:5px"> </div>States<div style="display:inline-block;width:5px"> </div>and<div style="display:inline-block;width:5px"> </div>sells<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>majority<div style="display:inline-block;width:5px"> </div>of<div style="display:inline-block;width:5px"> </div>its<div style="display:inline-block;width:5px"> </div>shell<div style="display:inline-block;width:5px"> </div>eggs<div style="display:inline-block;width:5px"> </div>in<div style="display:inline-block;width:5px"> </div>states<div style="display:inline-block;width:5px"> </div>across<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>southwestern, </div><div id="a12149" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:95px;">southeastern, mid-western and mid-Atlantic regions of the United States.</div></div></div><div id="div_6_XBRL_TS_07ecde293d4245c9b323dc17790d3530" style="position:absolute;left:0px;top:158px;float:left;"><div id="TextBlockContainer7" style="position:relative;line-height:normal;width:697px;height:64px;"><div id="a12156" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:0px;">Principles of Consolidation </div><div id="a12159" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">The consolidated financial statements include<div style="display:inline-block;width:5px"> </div>the accounts of all wholly-owned<div style="display:inline-block;width:5px"> </div>subsidiaries and of majority-owned subsidiaries </div><div id="a12166" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">over which we exercise control. All significant intercompany transactions and<div style="display:inline-block;width:5px"> </div>accounts have been eliminated in consolidation.</div></div></div><div id="div_8_XBRL_TS_43de782238de455d8943ea43bb627884" style="position:absolute;left:0px;top:237px;float:left;"><div id="TextBlockContainer9" style="position:relative;line-height:normal;width:697px;height:64px;"><div id="a12169" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:0px;">Fiscal Year </div><div id="a12172" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">The Company’s fiscal year-end<div style="display:inline-block;width:5px"> </div>is on the Saturday closest to May 31. The fiscal year ended </div><div id="a12172_90_12" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:493px;top:32px;-sec-ix-hidden:ID_241;">June 3, 2023</div><div id="a12172_102_11" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:560px;top:32px;">, included </div><div id="a12172_113_2" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:616px;top:32px;">53</div><div id="a12172_115_11" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:630px;top:32px;"><div style="display:inline-block;width:3px"> </div>weeks and </div><div id="a12191" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">the fiscal years ended May 28, 2022 and May 29, 2021 included </div><div id="a12191_62_2" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:350px;top:47px;">52</div><div id="a12191_64_7" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:364px;top:47px;"><div style="display:inline-block;width:3px"> </div>weeks.</div></div></div><div id="div_10_XBRL_TS_13e14e0c50b941a695971b0eb07c5e5d" style="position:absolute;left:0px;top:316px;float:left;"><div id="TextBlockContainer11" style="position:relative;line-height:normal;width:697px;height:79px;"><div id="a12203" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:0px;">Use of Estimates </div><div id="a12206" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">The preparation of the consolidated financial statements in conformity<div style="display:inline-block;width:5px"> </div>with generally accepted accounting principles (“GAAP”) </div><div id="a12212" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">in the United States of America requires management to make<div style="display:inline-block;width:5px"> </div>estimates and assumptions that affect the amounts<div style="display:inline-block;width:5px"> </div>reported in the </div><div id="a12214" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">consolidated financial statements and accompanying notes. Actual results could<div style="display:inline-block;width:5px"> </div>differ from those estimates.</div></div></div><div id="a12214_107_2" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:580px;top:379px;"><div style="display:inline-block;width:3px"> </div></div><div id="div_12_XBRL_TS_eeda6c3629084dc4926791208ab560da" style="position:absolute;left:0px;top:410px;float:left;"><div id="TextBlockContainer13" style="position:relative;line-height:normal;width:697px;height:190px;"><div id="a12217" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:0px;">Cash Equivalents </div><div id="a12220" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">The<div style="display:inline-block;width:6px"> </div>Company<div style="display:inline-block;width:6px"> </div>considers<div style="display:inline-block;width:6px"> </div>all<div style="display:inline-block;width:6px"> </div>highly<div style="display:inline-block;width:6px"> </div>liquid<div style="display:inline-block;width:6px"> </div>investments<div style="display:inline-block;width:6px"> </div>with<div style="display:inline-block;width:6px"> </div>a<div style="display:inline-block;width:6px"> </div>maturity<div style="display:inline-block;width:6px"> </div>of<div style="display:inline-block;width:6px"> </div>three<div style="display:inline-block;width:6px"> </div>months<div style="display:inline-block;width:6px"> </div>or<div style="display:inline-block;width:6px"> </div>less<div style="display:inline-block;width:6px"> </div>when<div style="display:inline-block;width:6px"> </div>purchased<div style="display:inline-block;width:6px"> </div>to<div style="display:inline-block;width:6px"> </div>be<div style="display:inline-block;width:6px"> </div>cash </div><div id="a12221" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">equivalents.<div style="display:inline-block;width:5px"> </div>We<div style="display:inline-block;width:6px"> </div>maintain<div style="display:inline-block;width:5px"> </div>bank<div style="display:inline-block;width:5px"> </div>accounts<div style="display:inline-block;width:5px"> </div>that<div style="display:inline-block;width:5px"> </div>are<div style="display:inline-block;width:5px"> </div>insured<div style="display:inline-block;width:5px"> </div>by<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>Federal<div style="display:inline-block;width:5px"> </div>Deposit<div style="display:inline-block;width:5px"> </div>Insurance<div style="display:inline-block;width:5px"> </div>Corporation<div style="display:inline-block;width:5px"> </div>up<div style="display:inline-block;width:5px"> </div>to<div style="display:inline-block;width:5px"> </div>$250,000. The </div><div id="a12225" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">Company<div style="display:inline-block;width:6px"> </div>routinely<div style="display:inline-block;width:6px"> </div>maintains<div style="display:inline-block;width:6px"> </div>cash<div style="display:inline-block;width:6px"> </div>balances<div style="display:inline-block;width:6px"> </div>with<div style="display:inline-block;width:6px"> </div>certain<div style="display:inline-block;width:6px"> </div>financial<div style="display:inline-block;width:6px"> </div>institutions<div style="display:inline-block;width:6px"> </div>in<div style="display:inline-block;width:6px"> </div>excess<div style="display:inline-block;width:6px"> </div>of<div style="display:inline-block;width:6px"> </div>federally<div style="display:inline-block;width:6px"> </div>insured<div style="display:inline-block;width:6px"> </div>amounts.<div style="display:inline-block;width:6px"> </div>The </div><div id="a12226" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:79px;">Company has not experienced any loss in such accounts. The Company manages this risk through maintaining cash deposits and </div><div id="a12229" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:95px;">other highly liquid investments in high quality financial institutions. </div><div id="a12233" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:126px;">We<div style="display:inline-block;width:5px"> </div>primarily utilize a<div style="display:inline-block;width:5px"> </div>cash management system<div style="display:inline-block;width:5px"> </div>with a series of<div style="display:inline-block;width:5px"> </div>separate accounts consisting<div style="display:inline-block;width:5px"> </div>of lockbox accounts<div style="display:inline-block;width:5px"> </div>for receiving </div><div id="a12235" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:142px;">cash, concentration<div style="display:inline-block;width:5px"> </div>accounts to which<div style="display:inline-block;width:5px"> </div>funds are moved,<div style="display:inline-block;width:5px"> </div>and zero-balance disbursement<div style="display:inline-block;width:5px"> </div>accounts for funding<div style="display:inline-block;width:5px"> </div>accounts payable. </div><div id="a12239" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:158px;">Checks issued,<div style="display:inline-block;width:6px"> </div>but not<div style="display:inline-block;width:6px"> </div>presented to<div style="display:inline-block;width:6px"> </div>the banks<div style="display:inline-block;width:6px"> </div>for payment,<div style="display:inline-block;width:6px"> </div>may result<div style="display:inline-block;width:6px"> </div>in negative<div style="display:inline-block;width:6px"> </div>book cash<div style="display:inline-block;width:6px"> </div>balances,<div style="display:inline-block;width:5px"> </div>which are<div style="display:inline-block;width:6px"> </div>included in </div><div id="a12240" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:174px;">accounts payable.</div></div></div><div id="a12240_17_2" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:99px;top:584px;"><div style="display:inline-block;width:3px"> </div></div><div id="div_14_XBRL_TS_34ae2bfaa6d5448c8c4b818a07d73847" style="position:absolute;left:0px;top:615px;float:left;"><div id="TextBlockContainer15" style="position:relative;line-height:normal;width:697px;height:269px;"><div id="a12243" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:0px;">Investment Securities </div><div id="a12246" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">The Company<div style="display:inline-block;width:5px"> </div>has determined<div style="display:inline-block;width:5px"> </div>that its<div style="display:inline-block;width:5px"> </div>debt securities<div style="display:inline-block;width:5px"> </div>are available-for-sale<div style="display:inline-block;width:5px"> </div>investments. We<div style="display:inline-block;width:6px"> </div>classify these<div style="display:inline-block;width:5px"> </div>securities as<div style="display:inline-block;width:5px"> </div>current </div><div id="a12252" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">because the amounts invested are available for current operations. Available<div style="display:inline-block;width:2px"> </div>-for-sale securities are carried at fair value, based on </div><div id="a12257" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">quoted market prices as of the balance sheet date, with unrealized gains and losses recorded in other comprehensive income. The </div><div id="a12259" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:79px;">amortized cost of debt securities is adjusted for amortization<div style="display:inline-block;width:5px"> </div>of premiums and accretion of discounts to maturity and<div style="display:inline-block;width:5px"> </div>is recorded </div><div id="a12261" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:95px;">in interest income. The Company regularly evaluates changes to the rating of<div style="display:inline-block;width:5px"> </div>its debt securities by credit agencies and economic </div><div id="a12263" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:111px;">conditions<div style="display:inline-block;width:5px"> </div>to assess<div style="display:inline-block;width:5px"> </div>and<div style="display:inline-block;width:5px"> </div>record any<div style="display:inline-block;width:6px"> </div>expected credit<div style="display:inline-block;width:6px"> </div>losses through<div style="display:inline-block;width:6px"> </div>allowance for<div style="display:inline-block;width:6px"> </div>credit losses,<div style="display:inline-block;width:5px"> </div>limited to<div style="display:inline-block;width:6px"> </div>the amount<div style="display:inline-block;width:6px"> </div>that fair </div><div id="a12265" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:126px;">value was less than the amortized cost basis.<div style="display:inline-block;width:4px"> </div></div><div id="a12269" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:158px;">Investments<div style="display:inline-block;width:7px"> </div>in<div style="display:inline-block;width:6px"> </div>mutual<div style="display:inline-block;width:6px"> </div>funds<div style="display:inline-block;width:6px"> </div>are<div style="display:inline-block;width:6px"> </div>recorded<div style="display:inline-block;width:6px"> </div>at<div style="display:inline-block;width:6px"> </div>fair<div style="display:inline-block;width:6px"> </div>value<div style="display:inline-block;width:6px"> </div>and<div style="display:inline-block;width:6px"> </div>are<div style="display:inline-block;width:6px"> </div>classified<div style="display:inline-block;width:6px"> </div>as<div style="display:inline-block;width:6px"> </div>“Other<div style="display:inline-block;width:6px"> </div>long-term<div style="display:inline-block;width:6px"> </div>assets”<div style="display:inline-block;width:6px"> </div>in<div style="display:inline-block;width:6px"> </div>the<div style="display:inline-block;width:6px"> </div>Company’s </div><div id="a12272" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:174px;">Consolidated Balance Sheets. Unrealized gains and losses for equity securities are recorded in other income (expenses) as Other, </div><div id="a12274" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:189px;">net in the Company’s Consolidated<div style="display:inline-block;width:5px"> </div>Statements of Income. </div><div id="a12277" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:221px;">The cost<div style="display:inline-block;width:5px"> </div>basis for<div style="display:inline-block;width:5px"> </div>realized gains<div style="display:inline-block;width:5px"> </div>and losses<div style="display:inline-block;width:5px"> </div>on available-for-sale<div style="display:inline-block;width:5px"> </div>securities is<div style="display:inline-block;width:5px"> </div>determined by<div style="display:inline-block;width:5px"> </div>the specific<div style="display:inline-block;width:5px"> </div>identification method. </div><div id="a12282" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:237px;">Gains and losses are recognized in other income (expenses) as Other,<div style="display:inline-block;width:5px"> </div>net in the Company’s Consolidated<div style="display:inline-block;width:5px"> </div>Statements of Income. </div><div id="a12284" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:253px;">Interest and dividends on securities classified as available-for-sale<div style="display:inline-block;width:5px"> </div>are recorded in interest income.</div></div></div></div><div id="TextBlockContainer28" style="position:relative;line-height:normal;width:697px;height:884px;"><div id="div_18_XBRL_TS_6809c896e4f044328327f1a802c45d7a" style="position:absolute;left:0px;top:16px;float:left;"><div id="TextBlockContainer19" style="position:relative;line-height:normal;width:697px;height:142px;"><div id="a12294" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:0px;">Trade Receivables<div style="display:inline-block;width:5px"> </div></div><div id="a12297" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">Trade receivables are stated at their carrying values, which include a reserve for credit<div style="display:inline-block;width:2px"> </div>losses. At June 3, 2023 and May 28, 2022, </div><div id="a12300" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">reserves for credit losses were $</div><div id="a12300_33_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:176px;top:47px;">579</div><div id="a12300_36_15" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:196px;top:47px;"><div style="display:inline-block;width:3px"> </div>thousand and $</div><div id="a12300_51_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:280px;top:47px;">775</div><div id="a12300_54_71" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:300px;top:47px;"><div style="display:inline-block;width:3px"> </div>thousand, respectively.<div style="display:inline-block;width:5px"> </div>The Company extends credit to customers<div style="display:inline-block;width:5px"> </div>based </div><div id="a12312" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">on an<div style="display:inline-block;width:6px"> </div>evaluation<div style="display:inline-block;width:5px"> </div>of each<div style="display:inline-block;width:6px"> </div>customer's financial<div style="display:inline-block;width:6px"> </div>condition<div style="display:inline-block;width:5px"> </div>and credit<div style="display:inline-block;width:6px"> </div>history.<div style="display:inline-block;width:6px"> </div>Collateral is<div style="display:inline-block;width:6px"> </div>generally<div style="display:inline-block;width:5px"> </div>not required.<div style="display:inline-block;width:6px"> </div>The Company </div><div id="a12314" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:79px;">minimizes exposure to<div style="display:inline-block;width:5px"> </div>counter party credit<div style="display:inline-block;width:5px"> </div>risk through credit analysis<div style="display:inline-block;width:5px"> </div>and approvals, credit<div style="display:inline-block;width:5px"> </div>limits, and monitoring<div style="display:inline-block;width:5px"> </div>procedures. </div><div id="a12317" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:95px;">In determining our<div style="display:inline-block;width:2px"> </div>reserve for<div style="display:inline-block;width:2px"> </div>credit losses, receivables<div style="display:inline-block;width:2px"> </div>are assigned an<div style="display:inline-block;width:2px"> </div>expected loss based<div style="display:inline-block;width:2px"> </div>on historical loss<div style="display:inline-block;width:1px"> </div>information adjusted </div><div id="a12322" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:110px;">as<div style="display:inline-block;width:5px"> </div>needed<div style="display:inline-block;width:5px"> </div>for<div style="display:inline-block;width:5px"> </div>economic<div style="display:inline-block;width:5px"> </div>and<div style="display:inline-block;width:5px"> </div>other<div style="display:inline-block;width:5px"> </div>forward-looking<div style="display:inline-block;width:5px"> </div>factors.<div style="display:inline-block;width:5px"> </div>At<div style="display:inline-block;width:5px"> </div>June<div style="display:inline-block;width:5px"> </div>3,<div style="display:inline-block;width:5px"> </div>2023<div style="display:inline-block;width:5px"> </div>and<div style="display:inline-block;width:5px"> </div>May<div style="display:inline-block;width:5px"> </div>28,<div style="display:inline-block;width:5px"> </div>2022, </div><div id="a12322_92_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:536px;top:110px;">one</div><div id="a12322_95_24" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:555px;top:110px;"><div style="display:inline-block;width:5px"> </div>customer<div style="display:inline-block;width:5px"> </div>accounted<div style="display:inline-block;width:5px"> </div>for </div><div id="a12334" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:126px;">approximately </div><div id="a12334_14_4" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:85px;top:126px;">30.1</div><div id="a12334_18_6" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:108px;top:126px;">% and </div><div id="a12334_24_4" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:145px;top:126px;">27.9</div><div id="a12334_28_59" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:169px;top:126px;">% of the Company’s trade accounts receivable,<div style="display:inline-block;width:5px"> </div>respectively.</div></div></div><div id="div_20_XBRL_TS_c2dc50fec7fe403abaeda8448d4570d5" style="position:absolute;left:0px;top:174px;float:left;"><div id="TextBlockContainer21" style="position:relative;line-height:normal;width:697px;height:174px;"><div id="a12349" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:0px;">Inventories </div><div id="a12352" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">Inventories of eggs, feed,<div style="display:inline-block;width:2px"> </div>supplies and flocks<div style="display:inline-block;width:2px"> </div>are valued principally<div style="display:inline-block;width:2px"> </div>at the lower<div style="display:inline-block;width:2px"> </div>of cost (first-in,<div style="display:inline-block;width:2px"> </div>first-out method) or<div style="display:inline-block;width:2px"> </div>net realizable </div><div id="a12357" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">value. </div><div id="a12360" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:79px;">The<div style="display:inline-block;width:6px"> </div>cost<div style="display:inline-block;width:6px"> </div>associated<div style="display:inline-block;width:6px"> </div>with<div style="display:inline-block;width:6px"> </div>flocks,<div style="display:inline-block;width:6px"> </div>consisting<div style="display:inline-block;width:6px"> </div>principally<div style="display:inline-block;width:6px"> </div>of<div style="display:inline-block;width:6px"> </div>chicks,<div style="display:inline-block;width:6px"> </div>feed,<div style="display:inline-block;width:6px"> </div>labor,<div style="display:inline-block;width:6px"> </div>contractor<div style="display:inline-block;width:6px"> </div>payments<div style="display:inline-block;width:6px"> </div>and<div style="display:inline-block;width:6px"> </div>overhead<div style="display:inline-block;width:6px"> </div>costs,<div style="display:inline-block;width:6px"> </div>are </div><div id="a12362" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:95px;">accumulated during a growing period<div style="display:inline-block;width:5px"> </div>of approximately </div><div id="a12362_53_2" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:304px;top:95px;">22</div><div id="a12362_55_71" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:317px;top:95px;"><div style="display:inline-block;width:4px"> </div>weeks. Flock costs are amortized<div style="display:inline-block;width:5px"> </div>to cost of sales over<div style="display:inline-block;width:5px"> </div>the productive </div><div id="a12366" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:110px;">lives of the flocks, generally </div><div id="a12366_31_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:159px;top:110px;-sec-ix-hidden:ID_270;">one</div><div id="a12366_34_4" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:179px;top:110px;"><div style="display:inline-block;width:3px"> </div>to </div><div id="a12366_38_9" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:196px;top:110px;">two years</div><div id="a12366_47_59" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:247px;top:110px;">. Flock mortality is charged to cost of sales as incurred. </div><div id="a12375" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:142px;">The<div style="display:inline-block;width:5px"> </div>Company<div style="display:inline-block;width:5px"> </div>does<div style="display:inline-block;width:5px"> </div>not<div style="display:inline-block;width:5px"> </div>disclose<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>gross<div style="display:inline-block;width:5px"> </div>cost<div style="display:inline-block;width:5px"> </div>and<div style="display:inline-block;width:5px"> </div>accumulated<div style="display:inline-block;width:5px"> </div>amortization<div style="display:inline-block;width:5px"> </div>with<div style="display:inline-block;width:5px"> </div>respect<div style="display:inline-block;width:5px"> </div>to<div style="display:inline-block;width:5px"> </div>its<div style="display:inline-block;width:5px"> </div>flock<div style="display:inline-block;width:5px"> </div>inventories<div style="display:inline-block;width:5px"> </div>since<div style="display:inline-block;width:5px"> </div>this </div><div id="a12376" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:158px;">information is not utilized by management in the operation of the Company.</div></div></div><div id="div_22_XBRL_TS_bc356549e9b04a1f8ee03725bf06abd5" style="position:absolute;left:0px;top:363px;float:left;"><div id="TextBlockContainer23" style="position:relative;line-height:normal;width:697px;height:158px;"><div id="a12380" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:0px;">Property,<div style="display:inline-block;width:5px"> </div>Plant and Equipment </div><div id="a12383" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">Property,<div style="display:inline-block;width:5px"> </div>plant and equipment<div style="display:inline-block;width:5px"> </div>are stated at<div style="display:inline-block;width:5px"> </div>cost. Depreciation is<div style="display:inline-block;width:5px"> </div>provided by the<div style="display:inline-block;width:5px"> </div>straight-line method over<div style="display:inline-block;width:5px"> </div>the estimated useful </div><div id="a12386" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">lives, which<div style="display:inline-block;width:6px"> </div>are </div><div id="a12386_17_2" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:95px;top:47px;">15</div><div id="a12386_19_4" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:108px;top:47px;"><div style="display:inline-block;width:4px"> </div>to </div><div id="a12386_23_2" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:128px;top:47px;">25</div><div id="a12386_25_42" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:141px;top:47px;"><div style="display:inline-block;width:4px"> </div>years for<div style="display:inline-block;width:5px"> </div>buildings and<div style="display:inline-block;width:6px"> </div>improvements<div style="display:inline-block;width:5px"> </div>and </div><div id="a12386_67_1" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:380px;top:47px;">3</div><div id="a12386_68_4" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:387px;top:47px;"><div style="display:inline-block;width:4px"> </div>to </div><div id="a12386_72_2" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:406px;top:47px;">12</div><div id="a12386_74_48" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:419px;top:47px;"><div style="display:inline-block;width:4px"> </div>years for<div style="display:inline-block;width:6px"> </div>machinery and<div style="display:inline-block;width:6px"> </div>equipment. Repairs<div style="display:inline-block;width:6px"> </div>and </div><div id="a12400" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">maintenance are expensed as incurred.<div style="display:inline-block;width:2px"> </div>Expenditures that increase the<div style="display:inline-block;width:2px"> </div>value or productive capacity of<div style="display:inline-block;width:2px"> </div>assets are capitalized. When </div><div id="a12402" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:79px;">property,<div style="display:inline-block;width:5px"> </div>plant, and<div style="display:inline-block;width:5px"> </div>equipment are<div style="display:inline-block;width:5px"> </div>retired, sold,<div style="display:inline-block;width:5px"> </div>or otherwise<div style="display:inline-block;width:5px"> </div>disposed of,<div style="display:inline-block;width:5px"> </div>the asset’s<div style="display:inline-block;width:5px"> </div>carrying amount<div style="display:inline-block;width:5px"> </div>and related<div style="display:inline-block;width:5px"> </div>accumulated </div><div id="a12404" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:95px;">depreciation are removed from the accounts and any gain or loss is included in operations. The Company capitalizes interest cost </div><div id="a12406" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:110px;">incurred on funds used to construct property, plant, and equipment<div style="display:inline-block;width:5px"> </div>as part of the asset to which it relates and amortizes such cost </div><div id="a12410" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:126px;">over the asset’s<div style="display:inline-block;width:5px"> </div>estimated useful life. When<div style="display:inline-block;width:5px"> </div>certain events or changes<div style="display:inline-block;width:5px"> </div>in operating conditions occur,<div style="display:inline-block;width:5px"> </div>asset lives may be adjusted </div><div id="a12413" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:142px;">and an impairment assessment may be performed on the recoverability<div style="display:inline-block;width:5px"> </div>of the carrying amounts.</div></div></div><div id="div_24_XBRL_TS_91f65f3991b345baa8545cd284305512" style="position:absolute;left:0px;top:537px;float:left;"><div id="TextBlockContainer25" style="position:relative;line-height:normal;width:697px;height:158px;"><div id="a12417" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:0px;">Investments in Unconsolidated Entities </div><div id="a12420" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">The equity method<div style="display:inline-block;width:5px"> </div>of accounting is used<div style="display:inline-block;width:5px"> </div>when the Company can<div style="display:inline-block;width:5px"> </div>exert significant influence<div style="display:inline-block;width:5px"> </div>over an entity,<div style="display:inline-block;width:6px"> </div>but does not control </div><div id="a12425" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">its financial<div style="display:inline-block;width:6px"> </div>and<div style="display:inline-block;width:5px"> </div>operating<div style="display:inline-block;width:5px"> </div>decisions.<div style="display:inline-block;width:5px"> </div>Under<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>equity<div style="display:inline-block;width:5px"> </div>method,<div style="display:inline-block;width:5px"> </div>original<div style="display:inline-block;width:5px"> </div>investments<div style="display:inline-block;width:5px"> </div>are recorded<div style="display:inline-block;width:6px"> </div>at<div style="display:inline-block;width:5px"> </div>cost<div style="display:inline-block;width:5px"> </div>and<div style="display:inline-block;width:5px"> </div>adjusted<div style="display:inline-block;width:5px"> </div>by<div style="display:inline-block;width:5px"> </div>the </div><div id="a12429" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">Company’s share of undistributed earnings<div style="display:inline-block;width:2px"> </div>or losses of<div style="display:inline-block;width:1px"> </div>these entities. Equity<div style="display:inline-block;width:2px"> </div>investments without readily<div style="display:inline-block;width:2px"> </div>determinable fair values, </div><div id="a12432" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:79px;">when<div style="display:inline-block;width:6px"> </div>the<div style="display:inline-block;width:6px"> </div>Company<div style="display:inline-block;width:6px"> </div>does<div style="display:inline-block;width:6px"> </div>not<div style="display:inline-block;width:6px"> </div>have<div style="display:inline-block;width:6px"> </div>the<div style="display:inline-block;width:6px"> </div>ability<div style="display:inline-block;width:6px"> </div>to<div style="display:inline-block;width:6px"> </div>exercise<div style="display:inline-block;width:6px"> </div>significant<div style="display:inline-block;width:6px"> </div>influence<div style="display:inline-block;width:6px"> </div>over<div style="display:inline-block;width:6px"> </div>the<div style="display:inline-block;width:6px"> </div>investee,<div style="display:inline-block;width:6px"> </div>are<div style="display:inline-block;width:6px"> </div>recorded<div style="display:inline-block;width:6px"> </div>at<div style="display:inline-block;width:6px"> </div>cost,<div style="display:inline-block;width:6px"> </div>less </div><div id="a12439" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:95px;">impairment, plus or minus observable price changes. </div><div id="a12442" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:126px;">The Company is a member of Eggland’s Best, Inc.<div style="display:inline-block;width:5px"> </div>and ProEgg, Inc., which are cooperatives.<div style="display:inline-block;width:7px"> </div>These investments are recorded at </div><div id="a12455" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:142px;">cost, plus or minus any allocated equities and retains.</div></div></div><div id="div_26_XBRL_TS_1867eecf96bc4ee5a8e7db4f16cb4785" style="position:absolute;left:0px;top:710px;float:left;"><div id="TextBlockContainer27" style="position:relative;line-height:normal;width:697px;height:158px;"><div id="a12463" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:0px;">Goodwill </div><div id="a12466" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">Goodwill<div style="display:inline-block;width:5px"> </div>represents<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>excess<div style="display:inline-block;width:5px"> </div>of<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>purchase<div style="display:inline-block;width:5px"> </div>price<div style="display:inline-block;width:5px"> </div>over<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>fair<div style="display:inline-block;width:5px"> </div>value<div style="display:inline-block;width:5px"> </div>of<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>identifiable<div style="display:inline-block;width:5px"> </div>net<div style="display:inline-block;width:5px"> </div>assets<div style="display:inline-block;width:5px"> </div>acquired.<div style="display:inline-block;width:5px"> </div>Goodwill<div style="display:inline-block;width:5px"> </div>is </div><div id="a12468" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">evaluated for impairment annually by first performing a qualitative assessment to determine whether a quantitative goodwill test </div><div id="a12470" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">is necessary.<div style="display:inline-block;width:5px"> </div>After assessing the totality<div style="display:inline-block;width:5px"> </div>of events or circumstances,<div style="display:inline-block;width:5px"> </div>if we determine it is<div style="display:inline-block;width:5px"> </div>more likely than not<div style="display:inline-block;width:5px"> </div>that the fair value </div><div id="a12472" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:79px;">of a reporting<div style="display:inline-block;width:5px"> </div>unit is less<div style="display:inline-block;width:5px"> </div>than its carrying<div style="display:inline-block;width:5px"> </div>amount, then we<div style="display:inline-block;width:5px"> </div>perform additional<div style="display:inline-block;width:5px"> </div>quantitative tests to<div style="display:inline-block;width:5px"> </div>determine the<div style="display:inline-block;width:5px"> </div>magnitude of </div><div id="a12474" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:95px;">any impairment. During the<div style="display:inline-block;width:2px"> </div>fourth quarter of 2023,<div style="display:inline-block;width:2px"> </div>we elected to change<div style="display:inline-block;width:2px"> </div>the date of<div style="display:inline-block;width:2px"> </div>our annual impairment assessment<div style="display:inline-block;width:2px"> </div>from year-</div><div id="a12478" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:111px;">end to the<div style="display:inline-block;width:5px"> </div>first day of<div style="display:inline-block;width:5px"> </div>the fourth quarter.<div style="display:inline-block;width:6px"> </div>The change<div style="display:inline-block;width:5px"> </div>was made to<div style="display:inline-block;width:5px"> </div>more closely<div style="display:inline-block;width:5px"> </div>align the impairment<div style="display:inline-block;width:6px"> </div>assessment date<div style="display:inline-block;width:5px"> </div>with our </div><div id="a12480" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:126px;">annual planning and forecasting process.<div style="display:inline-block;width:5px"> </div>The change in impairment assessment date<div style="display:inline-block;width:5px"> </div>did not have any impact on goodwill<div style="display:inline-block;width:5px"> </div>or the </div><div id="a12484" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:142px;">impairment of goodwill. The change has been applied prospectively<div style="display:inline-block;width:5px"> </div>and would not have an impact on a retrospective basis.</div></div></div></div><div id="TextBlockContainer44" style="position:relative;line-height:normal;width:697px;height:932px;"><div id="div_30_XBRL_TS_deb1fbd7db794e1c8fa0a8cd8139cfc6" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer31" style="position:relative;line-height:normal;width:697px;height:111px;"><div id="a12495" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:0px;">Intangible Assets </div><div id="a12498" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">Included in other intangible assets are separable intangible assets acquired in business acquisitions, which include franchise<div style="display:inline-block;width:3px"> </div>fees, </div><div id="a12501" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">non-compete agreements<div style="display:inline-block;width:5px"> </div>and customer<div style="display:inline-block;width:5px"> </div>relationship intangibles.<div style="display:inline-block;width:5px"> </div>They are<div style="display:inline-block;width:5px"> </div>amortized over<div style="display:inline-block;width:5px"> </div>their estimated useful<div style="display:inline-block;width:5px"> </div>lives of </div><div id="a12501_118_1" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:651px;top:47px;">5</div><div id="a12501_119_4" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:657px;top:47px;"><div style="display:inline-block;width:4px"> </div>to </div><div id="a12501_123_2" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:675px;top:47px;">15</div><div id="a12509" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">years. The<div style="display:inline-block;width:6px"> </div>gross<div style="display:inline-block;width:6px"> </div>cost<div style="display:inline-block;width:5px"> </div>and<div style="display:inline-block;width:6px"> </div>accumulated<div style="display:inline-block;width:6px"> </div>amortization<div style="display:inline-block;width:6px"> </div>of<div style="display:inline-block;width:6px"> </div>intangible<div style="display:inline-block;width:6px"> </div>assets<div style="display:inline-block;width:5px"> </div>are<div style="display:inline-block;width:6px"> </div>removed<div style="display:inline-block;width:6px"> </div>when<div style="display:inline-block;width:6px"> </div>the<div style="display:inline-block;width:6px"> </div>recorded<div style="display:inline-block;width:6px"> </div>amounts<div style="display:inline-block;width:6px"> </div>are<div style="display:inline-block;width:6px"> </div>fully </div><div id="a12512" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:79px;">amortized and<div style="display:inline-block;width:5px"> </div>the asset is<div style="display:inline-block;width:5px"> </div>no longer<div style="display:inline-block;width:5px"> </div>in use or<div style="display:inline-block;width:5px"> </div>the contract<div style="display:inline-block;width:5px"> </div>has expired.<div style="display:inline-block;width:5px"> </div>When certain<div style="display:inline-block;width:5px"> </div>events or changes<div style="display:inline-block;width:5px"> </div>in operating<div style="display:inline-block;width:5px"> </div>conditions </div><div id="a12516" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:95px;">occur, asset lives may<div style="display:inline-block;width:2px"> </div>be adjusted and an<div style="display:inline-block;width:2px"> </div>impairment assessment may be<div style="display:inline-block;width:2px"> </div>performed on the recoverability<div style="display:inline-block;width:2px"> </div>of the carrying amounts.</div></div></div><div id="div_32_XBRL_TS_f87c255fc6f94126b963ad60193c3758" style="position:absolute;left:0px;top:126px;float:left;"><div id="TextBlockContainer33" style="position:relative;line-height:normal;width:697px;height:79px;"><div id="a12520" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:0px;">Accrued Self Insurance </div><div id="a12524" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">We use a combination of insurance<div style="display:inline-block;width:5px"> </div>and self-insurance mechanisms to provide coverage for the potential liabilities for health and </div><div id="a12527" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">welfare,<div style="display:inline-block;width:6px"> </div>workers’<div style="display:inline-block;width:6px"> </div>compensation,<div style="display:inline-block;width:6px"> </div>auto<div style="display:inline-block;width:6px"> </div>liability<div style="display:inline-block;width:6px"> </div>and<div style="display:inline-block;width:6px"> </div>general<div style="display:inline-block;width:6px"> </div>liability<div style="display:inline-block;width:6px"> </div>risks.<div style="display:inline-block;width:6px"> </div>Liabilities<div style="display:inline-block;width:6px"> </div>associated<div style="display:inline-block;width:6px"> </div>with<div style="display:inline-block;width:6px"> </div>our<div style="display:inline-block;width:6px"> </div>risks<div style="display:inline-block;width:6px"> </div>retained<div style="display:inline-block;width:6px"> </div>are </div><div id="a12529" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">estimated, in part, by considering claims experience, demographic factors,<div style="display:inline-block;width:5px"> </div>severity factors and other actuarial assumptions.</div></div></div><div id="div_34_XBRL_TS_afb5f140f20c420fb2c3472599397988" style="position:absolute;left:0px;top:221px;float:left;"><div id="TextBlockContainer35" style="position:relative;line-height:normal;width:697px;height:174px;"><div id="a12532" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:0px;">Dividend Payable </div><div id="a12535" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">We<div style="display:inline-block;width:5px"> </div>accrue dividends at<div style="display:inline-block;width:5px"> </div>the end of<div style="display:inline-block;width:5px"> </div>each quarter according<div style="display:inline-block;width:5px"> </div>to the Company’s<div style="display:inline-block;width:6px"> </div>dividend policy adopted<div style="display:inline-block;width:5px"> </div>by its Board<div style="display:inline-block;width:5px"> </div>of Directors. </div><div id="a12536" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">The Company<div style="display:inline-block;width:5px"> </div>pays a dividend<div style="display:inline-block;width:5px"> </div>to shareholders<div style="display:inline-block;width:5px"> </div>of its Common<div style="display:inline-block;width:5px"> </div>Stock and<div style="display:inline-block;width:5px"> </div>Class A Common<div style="display:inline-block;width:5px"> </div>Stock on<div style="display:inline-block;width:5px"> </div>a quarterly basis<div style="display:inline-block;width:5px"> </div>for each </div><div id="a12537" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">quarter for which the Company reports net income attributable to Cal-Maine<div style="display:inline-block;width:5px"> </div>Foods, Inc. computed in accordance with GAAP in </div><div id="a12541" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:79px;">an amount<div style="display:inline-block;width:6px"> </div>equal to<div style="display:inline-block;width:6px"> </div>one-third (</div><div id="a12541_30_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:172px;top:79px;-sec-ix-hidden:ID_1005;">1/3</div><div id="a12541_33_92" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:189px;top:79px;">) of<div style="display:inline-block;width:6px"> </div>such quarterly<div style="display:inline-block;width:6px"> </div>income. Dividends<div style="display:inline-block;width:6px"> </div>are paid<div style="display:inline-block;width:6px"> </div>to shareholders<div style="display:inline-block;width:6px"> </div>of record<div style="display:inline-block;width:6px"> </div>as of<div style="display:inline-block;width:6px"> </div>the 60th<div style="display:inline-block;width:6px"> </div>day </div><div id="a12546" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:95px;">following the last day of such quarter, except for the fourth fiscal quarter.<div style="display:inline-block;width:5px"> </div>For the fourth quarter, the Company pays dividends to </div><div id="a12549" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:110px;">shareholders of<div style="display:inline-block;width:5px"> </div>record on<div style="display:inline-block;width:5px"> </div>the 65th<div style="display:inline-block;width:5px"> </div>day after<div style="display:inline-block;width:5px"> </div>the quarter<div style="display:inline-block;width:5px"> </div>end. Dividends<div style="display:inline-block;width:5px"> </div>are payable<div style="display:inline-block;width:5px"> </div>on the<div style="display:inline-block;width:5px"> </div>15th day<div style="display:inline-block;width:5px"> </div>following the<div style="display:inline-block;width:5px"> </div>record date. </div><div id="a12551" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:126px;">Following a quarter for which the Company does not report net income<div style="display:inline-block;width:5px"> </div>attributable to Cal-Maine Foods, Inc., the Company will </div><div id="a12555" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:142px;">not pay a dividend<div style="display:inline-block;width:5px"> </div>for a subsequent profitable<div style="display:inline-block;width:5px"> </div>quarter until the Company<div style="display:inline-block;width:5px"> </div>is profitable on a cumulative<div style="display:inline-block;width:5px"> </div>basis computed from the </div><div id="a12557" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:158px;">date of the most recent quarter for which a dividend was paid.</div></div></div><div id="div_36_XBRL_TS_bcefbd3bd5d9430aa86b408eb6efb918" style="position:absolute;left:0px;top:410px;float:left;"><div id="TextBlockContainer37" style="position:relative;line-height:normal;width:697px;height:95px;"><div id="a12561" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:0px;">Treasury Stock </div><div id="a12564" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">Treasury<div style="display:inline-block;width:5px"> </div>stock purchases<div style="display:inline-block;width:5px"> </div>are accounted<div style="display:inline-block;width:5px"> </div>for under<div style="display:inline-block;width:5px"> </div>the cost<div style="display:inline-block;width:5px"> </div>method whereby<div style="display:inline-block;width:5px"> </div>the entire<div style="display:inline-block;width:5px"> </div>cost of<div style="display:inline-block;width:5px"> </div>the acquired<div style="display:inline-block;width:5px"> </div>stock is<div style="display:inline-block;width:5px"> </div>recorded as </div><div id="a12566" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">treasury<div style="display:inline-block;width:6px"> </div>stock. The<div style="display:inline-block;width:6px"> </div>grant<div style="display:inline-block;width:6px"> </div>of<div style="display:inline-block;width:5px"> </div>restricted<div style="display:inline-block;width:5px"> </div>stock<div style="display:inline-block;width:6px"> </div>through<div style="display:inline-block;width:6px"> </div>the<div style="display:inline-block;width:6px"> </div>Company’s<div style="display:inline-block;width:6px"> </div>share-based<div style="display:inline-block;width:6px"> </div>compensation<div style="display:inline-block;width:6px"> </div>plans<div style="display:inline-block;width:6px"> </div>is<div style="display:inline-block;width:5px"> </div>funded<div style="display:inline-block;width:6px"> </div>through<div style="display:inline-block;width:6px"> </div>the </div><div id="a12571" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">issuance of<div style="display:inline-block;width:6px"> </div>treasury stock. Gains<div style="display:inline-block;width:6px"> </div>and losses<div style="display:inline-block;width:6px"> </div>on the<div style="display:inline-block;width:6px"> </div>subsequent reissuance<div style="display:inline-block;width:6px"> </div>of shares<div style="display:inline-block;width:6px"> </div>in accordance<div style="display:inline-block;width:6px"> </div>with the<div style="display:inline-block;width:6px"> </div>Company’s<div style="display:inline-block;width:5px"> </div>share-</div><div id="a12576" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:79px;">based compensation plans are credited or charged to paid-in<div style="display:inline-block;width:5px"> </div>capital in excess of par value using the average-cost method.</div></div></div><div id="div_38_XBRL_TS_2fceaaab8f5f4e7fb3afbfb4f0fb5872" style="position:absolute;left:0px;top:521px;float:left;"><div id="TextBlockContainer39" style="position:relative;line-height:normal;width:697px;height:174px;"><div id="a12583" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:0px;">Revenue Recognition and Delivery Costs </div><div id="a12587" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">Revenue recognition is completed upon satisfaction of the performance obligation to the customer, which typically occurs within </div><div id="a12589" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">days of<div style="display:inline-block;width:5px"> </div>the Company<div style="display:inline-block;width:5px"> </div>and customer<div style="display:inline-block;width:5px"> </div>agreeing upon<div style="display:inline-block;width:5px"> </div>the order.<div style="display:inline-block;width:5px"> </div>See </div><div id="a12592" style="position:absolute;font-family:'Times New Roman';color:#0000FF;left:360px;top:47px;"><a href="#a16325" style="color:#0000FF;text-decoration:underline;">Note 13<span style="display:inline-block;width:5px;text-decoration:underline"> </span>– Revenue<span style="display:inline-block;width:5px;text-decoration:underline"> </span>Recognition</a></div><div id="a12599" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:534px;top:47px;"><div style="display:inline-block;width:4px"> </div>for further<div style="display:inline-block;width:5px"> </div>discussion of<div style="display:inline-block;width:5px"> </div>the </div><div id="a12601" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">policy. </div><div id="a12604" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:95px;">The Company believes<div style="display:inline-block;width:5px"> </div>the performance obligation<div style="display:inline-block;width:5px"> </div>is met upon delivery<div style="display:inline-block;width:5px"> </div>and acceptance of<div style="display:inline-block;width:5px"> </div>the product by<div style="display:inline-block;width:5px"> </div>our customers. Costs </div><div id="a12605" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:110px;">to deliver<div style="display:inline-block;width:5px"> </div>product to<div style="display:inline-block;width:5px"> </div>customers are<div style="display:inline-block;width:5px"> </div>included in selling,<div style="display:inline-block;width:5px"> </div>general and<div style="display:inline-block;width:5px"> </div>administrative expenses<div style="display:inline-block;width:5px"> </div>in the<div style="display:inline-block;width:5px"> </div>accompanying Consolidated </div><div id="a12607" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:126px;">Statements<div style="display:inline-block;width:5px"> </div>of<div style="display:inline-block;width:5px"> </div>Income.<div style="display:inline-block;width:5px"> </div>Sales<div style="display:inline-block;width:5px"> </div>revenue<div style="display:inline-block;width:5px"> </div>reported<div style="display:inline-block;width:5px"> </div>in<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>accompanying<div style="display:inline-block;width:5px"> </div>Consolidated<div style="display:inline-block;width:5px"> </div>Statements<div style="display:inline-block;width:5px"> </div>of<div style="display:inline-block;width:5px"> </div>Income<div style="display:inline-block;width:5px"> </div>is<div style="display:inline-block;width:5px"> </div>reduced<div style="display:inline-block;width:5px"> </div>to<div style="display:inline-block;width:5px"> </div>reflect </div><div id="a12608" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:142px;">estimated returns<div style="display:inline-block;width:5px"> </div>and allowances.<div style="display:inline-block;width:5px"> </div>The Company<div style="display:inline-block;width:6px"> </div>records an<div style="display:inline-block;width:5px"> </div>estimated sales<div style="display:inline-block;width:5px"> </div>allowance for<div style="display:inline-block;width:5px"> </div>returns and<div style="display:inline-block;width:5px"> </div>discounts at<div style="display:inline-block;width:5px"> </div>the time<div style="display:inline-block;width:5px"> </div>of </div><div id="a12610" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:158px;">sale using historical trends based on actual sales returns and sales.</div></div></div><div id="div_40_XBRL_TS_2927721f817e4ca5823a5ca2cd80c99d" style="position:absolute;left:0px;top:710px;float:left;"><div id="TextBlockContainer41" style="position:relative;line-height:normal;width:697px;height:63px;"><div id="a12613" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:0px;">Advertising Costs </div><div id="a12616" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">The Company expensed advertising<div style="display:inline-block;width:5px"> </div>costs as incurred of $</div><div id="a12616_55_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:314px;top:32px;">3.4</div><div id="a12616_58_11" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:331px;top:32px;"><div style="display:inline-block;width:3px"> </div>million, $</div><div id="a12616_69_4" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:386px;top:32px;">12.6</div><div id="a12616_73_15" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:409px;top:32px;"><div style="display:inline-block;width:3px"> </div>million, and $</div><div id="a12616_88_4" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:487px;top:32px;">11.7</div><div id="a12616_92_35" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:511px;top:32px;"><div style="display:inline-block;width:3px"> </div>million in fiscal 2023, 2022,<div style="display:inline-block;width:5px"> </div>and </div><div id="a12632" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">2021, respectively.</div></div></div><div id="div_42_XBRL_TS_1f590dfe4ec74b1ea7a538ec73bffd6c" style="position:absolute;left:0px;top:789px;float:left;"><div id="TextBlockContainer43" style="position:relative;line-height:normal;width:697px;height:143px;"><div id="a12637" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:0px;">Income Taxes </div><div id="a12640" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">Income<div style="display:inline-block;width:6px"> </div>taxes<div style="display:inline-block;width:6px"> </div>are<div style="display:inline-block;width:6px"> </div>accounted<div style="display:inline-block;width:6px"> </div>for<div style="display:inline-block;width:6px"> </div>using<div style="display:inline-block;width:6px"> </div>the<div style="display:inline-block;width:6px"> </div>liability<div style="display:inline-block;width:6px"> </div>method.<div style="display:inline-block;width:6px"> </div>Deferred<div style="display:inline-block;width:6px"> </div>income<div style="display:inline-block;width:6px"> </div>taxes<div style="display:inline-block;width:6px"> </div>reflect<div style="display:inline-block;width:6px"> </div>the<div style="display:inline-block;width:6px"> </div>net<div style="display:inline-block;width:6px"> </div>tax<div style="display:inline-block;width:6px"> </div>effects<div style="display:inline-block;width:6px"> </div>of<div style="display:inline-block;width:6px"> </div>temporary </div><div id="a12641" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">differences<div style="display:inline-block;width:6px"> </div>between<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>carrying<div style="display:inline-block;width:5px"> </div>amounts<div style="display:inline-block;width:5px"> </div>of<div style="display:inline-block;width:5px"> </div>assets<div style="display:inline-block;width:5px"> </div>and<div style="display:inline-block;width:5px"> </div>liabilities<div style="display:inline-block;width:5px"> </div>for<div style="display:inline-block;width:5px"> </div>financial<div style="display:inline-block;width:5px"> </div>reporting<div style="display:inline-block;width:5px"> </div>purposes<div style="display:inline-block;width:5px"> </div>and<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>amounts<div style="display:inline-block;width:5px"> </div>used<div style="display:inline-block;width:5px"> </div>for </div><div id="a12643" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">income tax purposes. The<div style="display:inline-block;width:2px"> </div>Company’s policy with respect<div style="display:inline-block;width:2px"> </div>to evaluating<div style="display:inline-block;width:2px"> </div>uncertain tax<div style="display:inline-block;width:2px"> </div>positions is<div style="display:inline-block;width:2px"> </div>based upon whether<div style="display:inline-block;width:1px"> </div>management </div><div id="a12646" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:79px;">believes it<div style="display:inline-block;width:5px"> </div>is more<div style="display:inline-block;width:6px"> </div>likely than<div style="display:inline-block;width:6px"> </div>not the<div style="display:inline-block;width:6px"> </div>uncertain tax<div style="display:inline-block;width:6px"> </div>positions will<div style="display:inline-block;width:5px"> </div>be sustained<div style="display:inline-block;width:6px"> </div>upon review<div style="display:inline-block;width:6px"> </div>by the<div style="display:inline-block;width:6px"> </div>taxing authorities.<div style="display:inline-block;width:5px"> </div>The tax </div><div id="a12650" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:95px;">positions must meet the more-likely-than-not<div style="display:inline-block;width:5px"> </div>recognition threshold with consideration<div style="display:inline-block;width:5px"> </div>given to the amounts and<div style="display:inline-block;width:5px"> </div>probabilities of </div><div id="a12657" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:111px;">the outcomes<div style="display:inline-block;width:6px"> </div>that could<div style="display:inline-block;width:6px"> </div>be realized<div style="display:inline-block;width:6px"> </div>upon settlement<div style="display:inline-block;width:6px"> </div>using the<div style="display:inline-block;width:6px"> </div>facts, circumstances<div style="display:inline-block;width:6px"> </div>and information<div style="display:inline-block;width:6px"> </div>at the<div style="display:inline-block;width:6px"> </div>reporting date.<div style="display:inline-block;width:5px"> </div>The </div><div id="a12661" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:126px;">Company<div style="display:inline-block;width:5px"> </div>will reflect<div style="display:inline-block;width:6px"> </div>only<div style="display:inline-block;width:5px"> </div>the portion<div style="display:inline-block;width:6px"> </div>of the<div style="display:inline-block;width:6px"> </div>tax benefit<div style="display:inline-block;width:6px"> </div>that will<div style="display:inline-block;width:6px"> </div>be<div style="display:inline-block;width:5px"> </div>sustained<div style="display:inline-block;width:5px"> </div>upon resolution<div style="display:inline-block;width:6px"> </div>of the<div style="display:inline-block;width:6px"> </div>position<div style="display:inline-block;width:5px"> </div>and<div style="display:inline-block;width:5px"> </div>applicable </div></div></div></div><div id="TextBlockContainer56" style="position:relative;line-height:normal;width:701px;height:742px;"><div id="div_46_XBRL_TS_1f590dfe4ec74b1ea7a538ec73bffd6c_1" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer47" style="position:relative;line-height:normal;width:697px;height:80px;"><div id="a12666" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:0px;">interest on the portion of the tax benefit not recognized. The Company initially and subsequently measures the largest amount<div style="display:inline-block;width:5px"> </div>of </div><div id="a12668" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:16px;">tax benefit<div style="display:inline-block;width:5px"> </div>that is<div style="display:inline-block;width:5px"> </div>greater than<div style="display:inline-block;width:5px"> </div>50% likely<div style="display:inline-block;width:5px"> </div>to be<div style="display:inline-block;width:5px"> </div>realized upon<div style="display:inline-block;width:5px"> </div>settlement with<div style="display:inline-block;width:5px"> </div>a taxing<div style="display:inline-block;width:5px"> </div>authority that<div style="display:inline-block;width:5px"> </div>has full<div style="display:inline-block;width:5px"> </div>knowledge of<div style="display:inline-block;width:5px"> </div>all </div><div id="a12671" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">relevant<div style="display:inline-block;width:6px"> </div>information. The<div style="display:inline-block;width:6px"> </div>Company<div style="display:inline-block;width:5px"> </div>records<div style="display:inline-block;width:6px"> </div>interest<div style="display:inline-block;width:6px"> </div>and<div style="display:inline-block;width:5px"> </div>penalties on<div style="display:inline-block;width:6px"> </div>uncertain<div style="display:inline-block;width:6px"> </div>tax<div style="display:inline-block;width:5px"> </div>positions<div style="display:inline-block;width:6px"> </div>as<div style="display:inline-block;width:5px"> </div>a<div style="display:inline-block;width:5px"> </div>component<div style="display:inline-block;width:5px"> </div>of<div style="display:inline-block;width:5px"> </div>income<div style="display:inline-block;width:6px"> </div>tax </div><div id="a12677" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">expense. Based<div style="display:inline-block;width:5px"> </div>upon management’s<div style="display:inline-block;width:6px"> </div>assessment, there<div style="display:inline-block;width:5px"> </div>are no uncertain<div style="display:inline-block;width:5px"> </div>tax positions expected<div style="display:inline-block;width:5px"> </div>to have a<div style="display:inline-block;width:5px"> </div>material impact on<div style="display:inline-block;width:5px"> </div>the </div><div id="a12678" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">Company’s consolidated<div style="display:inline-block;width:5px"> </div>financial statements.</div></div></div><div id="div_48_XBRL_TS_1318f80f47f847fb835227c9ffd1ffed" style="position:absolute;left:0px;top:95px;float:left;"><div id="TextBlockContainer49" style="position:relative;line-height:normal;width:697px;height:95px;"><div id="a12681" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:0px;">Stock Based Compensation </div><div id="a12685" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">The<div style="display:inline-block;width:5px"> </div>Company<div style="display:inline-block;width:5px"> </div>recognizes<div style="display:inline-block;width:5px"> </div>all<div style="display:inline-block;width:5px"> </div>share-based<div style="display:inline-block;width:5px"> </div>payments<div style="display:inline-block;width:5px"> </div>to<div style="display:inline-block;width:5px"> </div>employees<div style="display:inline-block;width:5px"> </div>and<div style="display:inline-block;width:5px"> </div>directors,<div style="display:inline-block;width:5px"> </div>including<div style="display:inline-block;width:5px"> </div>grants<div style="display:inline-block;width:5px"> </div>of<div style="display:inline-block;width:5px"> </div>employee<div style="display:inline-block;width:5px"> </div>stock<div style="display:inline-block;width:5px"> </div>options, </div><div id="a12690" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">restricted stock and performance-based shares, in the Consolidated Statements<div style="display:inline-block;width:4px"> </div>of Income based on their fair values. The benefits </div><div id="a12700" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">of<div style="display:inline-block;width:6px"> </div>tax<div style="display:inline-block;width:6px"> </div>deductions<div style="display:inline-block;width:6px"> </div>in<div style="display:inline-block;width:6px"> </div>excess<div style="display:inline-block;width:6px"> </div>of<div style="display:inline-block;width:6px"> </div>recognized<div style="display:inline-block;width:6px"> </div>compensation<div style="display:inline-block;width:6px"> </div>cost<div style="display:inline-block;width:6px"> </div>are<div style="display:inline-block;width:6px"> </div>reported<div style="display:inline-block;width:6px"> </div>as<div style="display:inline-block;width:6px"> </div>a<div style="display:inline-block;width:6px"> </div>financing<div style="display:inline-block;width:6px"> </div>cash<div style="display:inline-block;width:6px"> </div>flow. See </div><div id="a12703" style="position:absolute;font-family:'Times New Roman';color:#0000FF;left:595px;top:63px;"><a href="#a16621" style="color:#0000FF;text-decoration:underline;">Note<span style="display:inline-block;width:6px;text-decoration:underline"> </span>14<span style="display:inline-block;width:6px;text-decoration:underline"> </span>–<span style="display:inline-block;width:6px;text-decoration:underline"> </span>Stock </a></div><div id="a12707" style="position:absolute;font-family:'Times New Roman';color:#0000FF;left:4px;top:79px;"><a href="#a16621" style="color:#0000FF;text-decoration:underline;">Compensation Plans</a></div><div id="a12708" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:114px;top:79px;"><div style="display:inline-block;width:3px"> </div>for more information.</div></div></div><div id="div_50_XBRL_TS_f754aa1ce49544fb88d76a63b37c2f0b" style="position:absolute;left:0px;top:205px;float:left;"><div id="TextBlockContainer51" style="position:relative;line-height:normal;width:700px;height:174px;"><div id="a12712" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:0px;">Business Combinations </div><div id="a12715" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">The Company applies the acquisition<div style="display:inline-block;width:5px"> </div>method of accounting, which<div style="display:inline-block;width:5px"> </div>requires that once control is obtained,<div style="display:inline-block;width:5px"> </div>all the assets acquired </div><div id="a12721" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">and liabilities assumed,<div style="display:inline-block;width:5px"> </div>including amounts<div style="display:inline-block;width:5px"> </div>attributable to noncontrolling<div style="display:inline-block;width:5px"> </div>interests, are recorded<div style="display:inline-block;width:5px"> </div>at their respective<div style="display:inline-block;width:5px"> </div>fair values at </div><div id="a12723" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">the date of acquisition. We<div style="display:inline-block;width:5px"> </div>determine the fair values of identifiable assets and liabilities<div style="display:inline-block;width:5px"> </div>internally,<div style="display:inline-block;width:4px"> </div>which requires estimates and </div><div id="a12732" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:79px;">the<div style="display:inline-block;width:6px"> </div>use<div style="display:inline-block;width:5px"> </div>of<div style="display:inline-block;width:6px"> </div>various<div style="display:inline-block;width:6px"> </div>valuation<div style="display:inline-block;width:6px"> </div>techniques.<div style="display:inline-block;width:6px"> </div>When<div style="display:inline-block;width:6px"> </div>a<div style="display:inline-block;width:5px"> </div>market<div style="display:inline-block;width:6px"> </div>value<div style="display:inline-block;width:5px"> </div>is<div style="display:inline-block;width:5px"> </div>not<div style="display:inline-block;width:6px"> </div>readily<div style="display:inline-block;width:6px"> </div>available,<div style="display:inline-block;width:6px"> </div>our<div style="display:inline-block;width:6px"> </div>internal<div style="display:inline-block;width:6px"> </div>valuation<div style="display:inline-block;width:6px"> </div>methodology </div><div id="a12747" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:95px;">considers the remaining estimated life of the assets acquired and what<div style="display:inline-block;width:5px"> </div>management believes is the market value for those assets.<div style="display:inline-block;width:4px"> </div></div><div id="a12751" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:126px;">We<div style="display:inline-block;width:5px"> </div>typically use the income<div style="display:inline-block;width:5px"> </div>method approach for<div style="display:inline-block;width:5px"> </div>intangible assets acquired in<div style="display:inline-block;width:5px"> </div>a business combination. Significant<div style="display:inline-block;width:5px"> </div>estimates in </div><div id="a12756" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:142px;">valuing certain intangible assets include, but<div style="display:inline-block;width:2px"> </div>are not limited to,<div style="display:inline-block;width:2px"> </div>the amount and timing of<div style="display:inline-block;width:2px"> </div>future cash flows, growth rates,<div style="display:inline-block;width:2px"> </div>discount </div><div id="a12758" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:158px;">rates and useful<div style="display:inline-block;width:2px"> </div>lives. The excess<div style="display:inline-block;width:2px"> </div>of the purchase<div style="display:inline-block;width:2px"> </div>price over fair<div style="display:inline-block;width:2px"> </div>values of identifiable<div style="display:inline-block;width:2px"> </div>assets and liabilities<div style="display:inline-block;width:2px"> </div>is recorded as<div style="display:inline-block;width:2px"> </div>goodwill.</div></div></div><div id="a12758_137_2" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:688px;top:363px;"><div style="display:inline-block;width:3px"> </div></div><div id="div_52_XBRL_TS_0f2dcaf7fbd24a4385ea80df89a5d851" style="position:absolute;left:0px;top:395px;float:left;"><div id="TextBlockContainer53" style="position:relative;line-height:normal;width:697px;height:268px;"><div id="a12762" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:0px;">Loss Contingencies </div><div id="a12765" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">Certain conditions may exist as of the date the financial statements are issued that may result in a loss to the Company but which </div><div id="a12767" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">will only be<div style="display:inline-block;width:5px"> </div>resolved when one<div style="display:inline-block;width:5px"> </div>or more future<div style="display:inline-block;width:5px"> </div>events occur or<div style="display:inline-block;width:5px"> </div>fail to occur.<div style="display:inline-block;width:6px"> </div>The Company’s<div style="display:inline-block;width:5px"> </div>management and<div style="display:inline-block;width:5px"> </div>its legal counsel </div><div id="a12768" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">assess<div style="display:inline-block;width:8px"> </div>such<div style="display:inline-block;width:8px"> </div>contingent<div style="display:inline-block;width:8px"> </div>liabilities,<div style="display:inline-block;width:8px"> </div>and<div style="display:inline-block;width:8px"> </div>such<div style="display:inline-block;width:8px"> </div>assessment<div style="display:inline-block;width:8px"> </div>inherently<div style="display:inline-block;width:8px"> </div>involves<div style="display:inline-block;width:8px"> </div>an<div style="display:inline-block;width:8px"> </div>exercise<div style="display:inline-block;width:8px"> </div>of<div style="display:inline-block;width:8px"> </div>judgment.<div style="display:inline-block;width:8px"> </div>In<div style="display:inline-block;width:7px"> </div>assessing<div style="display:inline-block;width:8px"> </div>loss </div><div id="a12769" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:79px;">contingencies<div style="display:inline-block;width:5px"> </div>related<div style="display:inline-block;width:5px"> </div>to legal<div style="display:inline-block;width:5px"> </div>proceedings<div style="display:inline-block;width:5px"> </div>that are<div style="display:inline-block;width:6px"> </div>pending against<div style="display:inline-block;width:6px"> </div>the Company<div style="display:inline-block;width:6px"> </div>or unasserted<div style="display:inline-block;width:6px"> </div>claims that<div style="display:inline-block;width:6px"> </div>may result<div style="display:inline-block;width:5px"> </div>in such </div><div id="a12771" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:95px;">proceedings, the Company’s<div style="display:inline-block;width:6px"> </div>legal counsel evaluates<div style="display:inline-block;width:5px"> </div>the perceived merits<div style="display:inline-block;width:5px"> </div>of any legal<div style="display:inline-block;width:5px"> </div>proceedings or unasserted<div style="display:inline-block;width:5px"> </div>claims as well </div><div id="a12773" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:110px;">as the perceived merits of the amount of relief sought or expected to be<div style="display:inline-block;width:5px"> </div>sought therein. </div><div id="a12777" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:142px;">If the assessment<div style="display:inline-block;width:5px"> </div>of a contingency<div style="display:inline-block;width:6px"> </div>indicates it is<div style="display:inline-block;width:5px"> </div>probable that<div style="display:inline-block;width:5px"> </div>a material loss<div style="display:inline-block;width:5px"> </div>has been incurred<div style="display:inline-block;width:6px"> </div>and the amount<div style="display:inline-block;width:5px"> </div>of the liability </div><div id="a12779" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:158px;">can be<div style="display:inline-block;width:5px"> </div>estimated, the<div style="display:inline-block;width:5px"> </div>estimated liability<div style="display:inline-block;width:5px"> </div>would be accrued<div style="display:inline-block;width:5px"> </div>in the Company’s<div style="display:inline-block;width:6px"> </div>financial statements.<div style="display:inline-block;width:5px"> </div>If the assessment<div style="display:inline-block;width:5px"> </div>indicates a </div><div id="a12781" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:174px;">potentially material loss contingency is<div style="display:inline-block;width:5px"> </div>not probable, but is reasonably possible,<div style="display:inline-block;width:5px"> </div>or is probable but cannot be estimated,<div style="display:inline-block;width:5px"> </div>then the </div><div id="a12783" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:189px;">nature of the<div style="display:inline-block;width:5px"> </div>contingent liability,<div style="display:inline-block;width:5px"> </div>together with an<div style="display:inline-block;width:5px"> </div>estimate of the<div style="display:inline-block;width:5px"> </div>range of possible<div style="display:inline-block;width:5px"> </div>loss if determinable<div style="display:inline-block;width:5px"> </div>and material, would<div style="display:inline-block;width:5px"> </div>be </div><div id="a12785" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:205px;">disclosed. Loss<div style="display:inline-block;width:5px"> </div>contingencies considered<div style="display:inline-block;width:6px"> </div>remote are<div style="display:inline-block;width:5px"> </div>generally not<div style="display:inline-block;width:5px"> </div>disclosed unless<div style="display:inline-block;width:5px"> </div>they involve<div style="display:inline-block;width:5px"> </div>guarantees, in<div style="display:inline-block;width:5px"> </div>which case<div style="display:inline-block;width:5px"> </div>the </div><div id="a12787" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:221px;">nature of the guarantee would be disclosed.<div style="display:inline-block;width:4px"> </div></div><div id="a12792" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:253px;">The Company expenses the costs of litigation as they are incurred.</div></div></div><div id="div_54_XBRL_TS_af728659c75143098312230db6528ff7" style="position:absolute;left:0px;top:679px;float:left;"><div id="TextBlockContainer55" style="position:relative;line-height:normal;width:697px;height:63px;"><div id="a12795" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:0px;">New Accounting Pronouncements and Policies </div><div id="a12798" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">No new accounting pronouncement issued or effective<div style="display:inline-block;width:5px"> </div>during the fiscal year had or is expected to have a material impact on<div style="display:inline-block;width:5px"> </div>our </div><div id="a12801" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">Consolidated Financial Statements.</div></div></div></div> <div id="TextBlockContainer5" style="position:relative;line-height:normal;width:697px;height:111px;"><div id="a12125" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:0px;">Nature of Operations </div><div id="a12128" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">Cal-Maine<div style="display:inline-block;width:6px"> </div>Foods,<div style="display:inline-block;width:6px"> </div>Inc.<div style="display:inline-block;width:6px"> </div>(“we,”<div style="display:inline-block;width:5px"> </div>“us,”<div style="display:inline-block;width:6px"> </div>“our,”<div style="display:inline-block;width:6px"> </div>or<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:6px"> </div>“Company”)<div style="display:inline-block;width:6px"> </div>is<div style="display:inline-block;width:5px"> </div>primarily<div style="display:inline-block;width:6px"> </div>engaged<div style="display:inline-block;width:6px"> </div>in<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:6px"> </div>production,<div style="display:inline-block;width:6px"> </div>grading,<div style="display:inline-block;width:6px"> </div>packaging, </div><div id="a12134" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">marketing and distribution<div style="display:inline-block;width:5px"> </div>of fresh shell eggs,<div style="display:inline-block;width:5px"> </div>including conventional, cage-free,<div style="display:inline-block;width:5px"> </div>organic, brown, free<div style="display:inline-block;width:1px"> </div>-range, pasture-raised and </div><div id="a12144" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">nutritionally-enhanced<div style="display:inline-block;width:6px"> </div>eggs.<div style="display:inline-block;width:6px"> </div>The<div style="display:inline-block;width:6px"> </div>Company,<div style="display:inline-block;width:7px"> </div>which<div style="display:inline-block;width:6px"> </div>is<div style="display:inline-block;width:6px"> </div>headquartered<div style="display:inline-block;width:6px"> </div>in<div style="display:inline-block;width:6px"> </div>Ridgeland,<div style="display:inline-block;width:6px"> </div>Mississippi,<div style="display:inline-block;width:6px"> </div>is<div style="display:inline-block;width:6px"> </div>the<div style="display:inline-block;width:6px"> </div>largest<div style="display:inline-block;width:6px"> </div>producer<div style="display:inline-block;width:6px"> </div>and </div><div id="a12147" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:79px;">distributor<div style="display:inline-block;width:5px"> </div>of<div style="display:inline-block;width:5px"> </div>fresh<div style="display:inline-block;width:5px"> </div>shell<div style="display:inline-block;width:5px"> </div>eggs<div style="display:inline-block;width:5px"> </div>in<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>United<div style="display:inline-block;width:5px"> </div>States<div style="display:inline-block;width:5px"> </div>and<div style="display:inline-block;width:5px"> </div>sells<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>majority<div style="display:inline-block;width:5px"> </div>of<div style="display:inline-block;width:5px"> </div>its<div style="display:inline-block;width:5px"> </div>shell<div style="display:inline-block;width:5px"> </div>eggs<div style="display:inline-block;width:5px"> </div>in<div style="display:inline-block;width:5px"> </div>states<div style="display:inline-block;width:5px"> </div>across<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>southwestern, </div><div id="a12149" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:95px;">southeastern, mid-western and mid-Atlantic regions of the United States.</div></div> <div id="TextBlockContainer7" style="position:relative;line-height:normal;width:697px;height:64px;"><div id="a12156" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:0px;">Principles of Consolidation </div><div id="a12159" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">The consolidated financial statements include<div style="display:inline-block;width:5px"> </div>the accounts of all wholly-owned<div style="display:inline-block;width:5px"> </div>subsidiaries and of majority-owned subsidiaries </div><div id="a12166" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">over which we exercise control. All significant intercompany transactions and<div style="display:inline-block;width:5px"> </div>accounts have been eliminated in consolidation.</div></div> <div id="TextBlockContainer9" style="position:relative;line-height:normal;width:697px;height:64px;"><div id="a12169" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:0px;">Fiscal Year </div><div id="a12172" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">The Company’s fiscal year-end<div style="display:inline-block;width:5px"> </div>is on the Saturday closest to May 31. The fiscal year ended </div><div id="a12172_90_12" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:493px;top:32px;-sec-ix-hidden:ID_241;">June 3, 2023</div><div id="a12172_102_11" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:560px;top:32px;">, included </div><div id="a12172_113_2" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:616px;top:32px;">53</div><div id="a12172_115_11" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:630px;top:32px;"><div style="display:inline-block;width:3px"> </div>weeks and </div><div id="a12191" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">the fiscal years ended May 28, 2022 and May 29, 2021 included </div><div id="a12191_62_2" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:350px;top:47px;">52</div><div id="a12191_64_7" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:364px;top:47px;"><div style="display:inline-block;width:3px"> </div>weeks.</div></div> P371D P364D P364D <div id="TextBlockContainer11" style="position:relative;line-height:normal;width:697px;height:79px;"><div id="a12203" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:0px;">Use of Estimates </div><div id="a12206" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">The preparation of the consolidated financial statements in conformity<div style="display:inline-block;width:5px"> </div>with generally accepted accounting principles (“GAAP”) </div><div id="a12212" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">in the United States of America requires management to make<div style="display:inline-block;width:5px"> </div>estimates and assumptions that affect the amounts<div style="display:inline-block;width:5px"> </div>reported in the </div><div id="a12214" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">consolidated financial statements and accompanying notes. Actual results could<div style="display:inline-block;width:5px"> </div>differ from those estimates.</div></div> <div id="TextBlockContainer13" style="position:relative;line-height:normal;width:697px;height:190px;"><div id="a12217" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:0px;">Cash Equivalents </div><div id="a12220" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">The<div style="display:inline-block;width:6px"> </div>Company<div style="display:inline-block;width:6px"> </div>considers<div style="display:inline-block;width:6px"> </div>all<div style="display:inline-block;width:6px"> </div>highly<div style="display:inline-block;width:6px"> </div>liquid<div style="display:inline-block;width:6px"> </div>investments<div style="display:inline-block;width:6px"> </div>with<div style="display:inline-block;width:6px"> </div>a<div style="display:inline-block;width:6px"> </div>maturity<div style="display:inline-block;width:6px"> </div>of<div style="display:inline-block;width:6px"> </div>three<div style="display:inline-block;width:6px"> </div>months<div style="display:inline-block;width:6px"> </div>or<div style="display:inline-block;width:6px"> </div>less<div style="display:inline-block;width:6px"> </div>when<div style="display:inline-block;width:6px"> </div>purchased<div style="display:inline-block;width:6px"> </div>to<div style="display:inline-block;width:6px"> </div>be<div style="display:inline-block;width:6px"> </div>cash </div><div id="a12221" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">equivalents.<div style="display:inline-block;width:5px"> </div>We<div style="display:inline-block;width:6px"> </div>maintain<div style="display:inline-block;width:5px"> </div>bank<div style="display:inline-block;width:5px"> </div>accounts<div style="display:inline-block;width:5px"> </div>that<div style="display:inline-block;width:5px"> </div>are<div style="display:inline-block;width:5px"> </div>insured<div style="display:inline-block;width:5px"> </div>by<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>Federal<div style="display:inline-block;width:5px"> </div>Deposit<div style="display:inline-block;width:5px"> </div>Insurance<div style="display:inline-block;width:5px"> </div>Corporation<div style="display:inline-block;width:5px"> </div>up<div style="display:inline-block;width:5px"> </div>to<div style="display:inline-block;width:5px"> </div>$250,000. The </div><div id="a12225" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">Company<div style="display:inline-block;width:6px"> </div>routinely<div style="display:inline-block;width:6px"> </div>maintains<div style="display:inline-block;width:6px"> </div>cash<div style="display:inline-block;width:6px"> </div>balances<div style="display:inline-block;width:6px"> </div>with<div style="display:inline-block;width:6px"> </div>certain<div style="display:inline-block;width:6px"> </div>financial<div style="display:inline-block;width:6px"> </div>institutions<div style="display:inline-block;width:6px"> </div>in<div style="display:inline-block;width:6px"> </div>excess<div style="display:inline-block;width:6px"> </div>of<div style="display:inline-block;width:6px"> </div>federally<div style="display:inline-block;width:6px"> </div>insured<div style="display:inline-block;width:6px"> </div>amounts.<div style="display:inline-block;width:6px"> </div>The </div><div id="a12226" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:79px;">Company has not experienced any loss in such accounts. The Company manages this risk through maintaining cash deposits and </div><div id="a12229" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:95px;">other highly liquid investments in high quality financial institutions. </div><div id="a12233" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:126px;">We<div style="display:inline-block;width:5px"> </div>primarily utilize a<div style="display:inline-block;width:5px"> </div>cash management system<div style="display:inline-block;width:5px"> </div>with a series of<div style="display:inline-block;width:5px"> </div>separate accounts consisting<div style="display:inline-block;width:5px"> </div>of lockbox accounts<div style="display:inline-block;width:5px"> </div>for receiving </div><div id="a12235" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:142px;">cash, concentration<div style="display:inline-block;width:5px"> </div>accounts to which<div style="display:inline-block;width:5px"> </div>funds are moved,<div style="display:inline-block;width:5px"> </div>and zero-balance disbursement<div style="display:inline-block;width:5px"> </div>accounts for funding<div style="display:inline-block;width:5px"> </div>accounts payable. </div><div id="a12239" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:158px;">Checks issued,<div style="display:inline-block;width:6px"> </div>but not<div style="display:inline-block;width:6px"> </div>presented to<div style="display:inline-block;width:6px"> </div>the banks<div style="display:inline-block;width:6px"> </div>for payment,<div style="display:inline-block;width:6px"> </div>may result<div style="display:inline-block;width:6px"> </div>in negative<div style="display:inline-block;width:6px"> </div>book cash<div style="display:inline-block;width:6px"> </div>balances,<div style="display:inline-block;width:5px"> </div>which are<div style="display:inline-block;width:6px"> </div>included in </div><div id="a12240" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:174px;">accounts payable.</div></div> <div id="TextBlockContainer15" style="position:relative;line-height:normal;width:697px;height:269px;"><div id="a12243" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:0px;">Investment Securities </div><div id="a12246" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">The Company<div style="display:inline-block;width:5px"> </div>has determined<div style="display:inline-block;width:5px"> </div>that its<div style="display:inline-block;width:5px"> </div>debt securities<div style="display:inline-block;width:5px"> </div>are available-for-sale<div style="display:inline-block;width:5px"> </div>investments. We<div style="display:inline-block;width:6px"> </div>classify these<div style="display:inline-block;width:5px"> </div>securities as<div style="display:inline-block;width:5px"> </div>current </div><div id="a12252" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">because the amounts invested are available for current operations. Available<div style="display:inline-block;width:2px"> </div>-for-sale securities are carried at fair value, based on </div><div id="a12257" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">quoted market prices as of the balance sheet date, with unrealized gains and losses recorded in other comprehensive income. The </div><div id="a12259" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:79px;">amortized cost of debt securities is adjusted for amortization<div style="display:inline-block;width:5px"> </div>of premiums and accretion of discounts to maturity and<div style="display:inline-block;width:5px"> </div>is recorded </div><div id="a12261" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:95px;">in interest income. The Company regularly evaluates changes to the rating of<div style="display:inline-block;width:5px"> </div>its debt securities by credit agencies and economic </div><div id="a12263" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:111px;">conditions<div style="display:inline-block;width:5px"> </div>to assess<div style="display:inline-block;width:5px"> </div>and<div style="display:inline-block;width:5px"> </div>record any<div style="display:inline-block;width:6px"> </div>expected credit<div style="display:inline-block;width:6px"> </div>losses through<div style="display:inline-block;width:6px"> </div>allowance for<div style="display:inline-block;width:6px"> </div>credit losses,<div style="display:inline-block;width:5px"> </div>limited to<div style="display:inline-block;width:6px"> </div>the amount<div style="display:inline-block;width:6px"> </div>that fair </div><div id="a12265" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:126px;">value was less than the amortized cost basis.<div style="display:inline-block;width:4px"> </div></div><div id="a12269" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:158px;">Investments<div style="display:inline-block;width:7px"> </div>in<div style="display:inline-block;width:6px"> </div>mutual<div style="display:inline-block;width:6px"> </div>funds<div style="display:inline-block;width:6px"> </div>are<div style="display:inline-block;width:6px"> </div>recorded<div style="display:inline-block;width:6px"> </div>at<div style="display:inline-block;width:6px"> </div>fair<div style="display:inline-block;width:6px"> </div>value<div style="display:inline-block;width:6px"> </div>and<div style="display:inline-block;width:6px"> </div>are<div style="display:inline-block;width:6px"> </div>classified<div style="display:inline-block;width:6px"> </div>as<div style="display:inline-block;width:6px"> </div>“Other<div style="display:inline-block;width:6px"> </div>long-term<div style="display:inline-block;width:6px"> </div>assets”<div style="display:inline-block;width:6px"> </div>in<div style="display:inline-block;width:6px"> </div>the<div style="display:inline-block;width:6px"> </div>Company’s </div><div id="a12272" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:174px;">Consolidated Balance Sheets. Unrealized gains and losses for equity securities are recorded in other income (expenses) as Other, </div><div id="a12274" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:189px;">net in the Company’s Consolidated<div style="display:inline-block;width:5px"> </div>Statements of Income. </div><div id="a12277" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:221px;">The cost<div style="display:inline-block;width:5px"> </div>basis for<div style="display:inline-block;width:5px"> </div>realized gains<div style="display:inline-block;width:5px"> </div>and losses<div style="display:inline-block;width:5px"> </div>on available-for-sale<div style="display:inline-block;width:5px"> </div>securities is<div style="display:inline-block;width:5px"> </div>determined by<div style="display:inline-block;width:5px"> </div>the specific<div style="display:inline-block;width:5px"> </div>identification method. </div><div id="a12282" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:237px;">Gains and losses are recognized in other income (expenses) as Other,<div style="display:inline-block;width:5px"> </div>net in the Company’s Consolidated<div style="display:inline-block;width:5px"> </div>Statements of Income. </div><div id="a12284" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:253px;">Interest and dividends on securities classified as available-for-sale<div style="display:inline-block;width:5px"> </div>are recorded in interest income.</div></div> <div id="TextBlockContainer19" style="position:relative;line-height:normal;width:697px;height:142px;"><div id="a12294" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:0px;">Trade Receivables<div style="display:inline-block;width:5px"> </div></div><div id="a12297" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">Trade receivables are stated at their carrying values, which include a reserve for credit<div style="display:inline-block;width:2px"> </div>losses. At June 3, 2023 and May 28, 2022, </div><div id="a12300" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">reserves for credit losses were $</div><div id="a12300_33_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:176px;top:47px;">579</div><div id="a12300_36_15" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:196px;top:47px;"><div style="display:inline-block;width:3px"> </div>thousand and $</div><div id="a12300_51_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:280px;top:47px;">775</div><div id="a12300_54_71" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:300px;top:47px;"><div style="display:inline-block;width:3px"> </div>thousand, respectively.<div style="display:inline-block;width:5px"> </div>The Company extends credit to customers<div style="display:inline-block;width:5px"> </div>based </div><div id="a12312" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">on an<div style="display:inline-block;width:6px"> </div>evaluation<div style="display:inline-block;width:5px"> </div>of each<div style="display:inline-block;width:6px"> </div>customer's financial<div style="display:inline-block;width:6px"> </div>condition<div style="display:inline-block;width:5px"> </div>and credit<div style="display:inline-block;width:6px"> </div>history.<div style="display:inline-block;width:6px"> </div>Collateral is<div style="display:inline-block;width:6px"> </div>generally<div style="display:inline-block;width:5px"> </div>not required.<div style="display:inline-block;width:6px"> </div>The Company </div><div id="a12314" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:79px;">minimizes exposure to<div style="display:inline-block;width:5px"> </div>counter party credit<div style="display:inline-block;width:5px"> </div>risk through credit analysis<div style="display:inline-block;width:5px"> </div>and approvals, credit<div style="display:inline-block;width:5px"> </div>limits, and monitoring<div style="display:inline-block;width:5px"> </div>procedures. </div><div id="a12317" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:95px;">In determining our<div style="display:inline-block;width:2px"> </div>reserve for<div style="display:inline-block;width:2px"> </div>credit losses, receivables<div style="display:inline-block;width:2px"> </div>are assigned an<div style="display:inline-block;width:2px"> </div>expected loss based<div style="display:inline-block;width:2px"> </div>on historical loss<div style="display:inline-block;width:1px"> </div>information adjusted </div><div id="a12322" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:110px;">as<div style="display:inline-block;width:5px"> </div>needed<div style="display:inline-block;width:5px"> </div>for<div style="display:inline-block;width:5px"> </div>economic<div style="display:inline-block;width:5px"> </div>and<div style="display:inline-block;width:5px"> </div>other<div style="display:inline-block;width:5px"> </div>forward-looking<div style="display:inline-block;width:5px"> </div>factors.<div style="display:inline-block;width:5px"> </div>At<div style="display:inline-block;width:5px"> </div>June<div style="display:inline-block;width:5px"> </div>3,<div style="display:inline-block;width:5px"> </div>2023<div style="display:inline-block;width:5px"> </div>and<div style="display:inline-block;width:5px"> </div>May<div style="display:inline-block;width:5px"> </div>28,<div style="display:inline-block;width:5px"> </div>2022, </div><div id="a12322_92_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:536px;top:110px;">one</div><div id="a12322_95_24" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:555px;top:110px;"><div style="display:inline-block;width:5px"> </div>customer<div style="display:inline-block;width:5px"> </div>accounted<div style="display:inline-block;width:5px"> </div>for </div><div id="a12334" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:126px;">approximately </div><div id="a12334_14_4" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:85px;top:126px;">30.1</div><div id="a12334_18_6" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:108px;top:126px;">% and </div><div id="a12334_24_4" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:145px;top:126px;">27.9</div><div id="a12334_28_59" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:169px;top:126px;">% of the Company’s trade accounts receivable,<div style="display:inline-block;width:5px"> </div>respectively.</div></div> 579000 775000 1 1 0.301 0.279 <div id="TextBlockContainer21" style="position:relative;line-height:normal;width:697px;height:174px;"><div id="a12349" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:0px;">Inventories </div><div id="a12352" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">Inventories of eggs, feed,<div style="display:inline-block;width:2px"> </div>supplies and flocks<div style="display:inline-block;width:2px"> </div>are valued principally<div style="display:inline-block;width:2px"> </div>at the lower<div style="display:inline-block;width:2px"> </div>of cost (first-in,<div style="display:inline-block;width:2px"> </div>first-out method) or<div style="display:inline-block;width:2px"> </div>net realizable </div><div id="a12357" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">value. </div><div id="a12360" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:79px;">The<div style="display:inline-block;width:6px"> </div>cost<div style="display:inline-block;width:6px"> </div>associated<div style="display:inline-block;width:6px"> </div>with<div style="display:inline-block;width:6px"> </div>flocks,<div style="display:inline-block;width:6px"> </div>consisting<div style="display:inline-block;width:6px"> </div>principally<div style="display:inline-block;width:6px"> </div>of<div style="display:inline-block;width:6px"> </div>chicks,<div style="display:inline-block;width:6px"> </div>feed,<div style="display:inline-block;width:6px"> </div>labor,<div style="display:inline-block;width:6px"> </div>contractor<div style="display:inline-block;width:6px"> </div>payments<div style="display:inline-block;width:6px"> </div>and<div style="display:inline-block;width:6px"> </div>overhead<div style="display:inline-block;width:6px"> </div>costs,<div style="display:inline-block;width:6px"> </div>are </div><div id="a12362" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:95px;">accumulated during a growing period<div style="display:inline-block;width:5px"> </div>of approximately </div><div id="a12362_53_2" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:304px;top:95px;">22</div><div id="a12362_55_71" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:317px;top:95px;"><div style="display:inline-block;width:4px"> </div>weeks. Flock costs are amortized<div style="display:inline-block;width:5px"> </div>to cost of sales over<div style="display:inline-block;width:5px"> </div>the productive </div><div id="a12366" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:110px;">lives of the flocks, generally </div><div id="a12366_31_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:159px;top:110px;-sec-ix-hidden:ID_270;">one</div><div id="a12366_34_4" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:179px;top:110px;"><div style="display:inline-block;width:3px"> </div>to </div><div id="a12366_38_9" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:196px;top:110px;">two years</div><div id="a12366_47_59" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:247px;top:110px;">. Flock mortality is charged to cost of sales as incurred. </div><div id="a12375" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:142px;">The<div style="display:inline-block;width:5px"> </div>Company<div style="display:inline-block;width:5px"> </div>does<div style="display:inline-block;width:5px"> </div>not<div style="display:inline-block;width:5px"> </div>disclose<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>gross<div style="display:inline-block;width:5px"> </div>cost<div style="display:inline-block;width:5px"> </div>and<div style="display:inline-block;width:5px"> </div>accumulated<div style="display:inline-block;width:5px"> </div>amortization<div style="display:inline-block;width:5px"> </div>with<div style="display:inline-block;width:5px"> </div>respect<div style="display:inline-block;width:5px"> </div>to<div style="display:inline-block;width:5px"> </div>its<div style="display:inline-block;width:5px"> </div>flock<div style="display:inline-block;width:5px"> </div>inventories<div style="display:inline-block;width:5px"> </div>since<div style="display:inline-block;width:5px"> </div>this </div><div id="a12376" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:158px;">information is not utilized by management in the operation of the Company.</div></div> P154D P2Y <div id="TextBlockContainer23" style="position:relative;line-height:normal;width:697px;height:158px;"><div id="a12380" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:0px;">Property,<div style="display:inline-block;width:5px"> </div>Plant and Equipment </div><div id="a12383" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">Property,<div style="display:inline-block;width:5px"> </div>plant and equipment<div style="display:inline-block;width:5px"> </div>are stated at<div style="display:inline-block;width:5px"> </div>cost. Depreciation is<div style="display:inline-block;width:5px"> </div>provided by the<div style="display:inline-block;width:5px"> </div>straight-line method over<div style="display:inline-block;width:5px"> </div>the estimated useful </div><div id="a12386" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">lives, which<div style="display:inline-block;width:6px"> </div>are </div><div id="a12386_17_2" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:95px;top:47px;">15</div><div id="a12386_19_4" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:108px;top:47px;"><div style="display:inline-block;width:4px"> </div>to </div><div id="a12386_23_2" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:128px;top:47px;">25</div><div id="a12386_25_42" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:141px;top:47px;"><div style="display:inline-block;width:4px"> </div>years for<div style="display:inline-block;width:5px"> </div>buildings and<div style="display:inline-block;width:6px"> </div>improvements<div style="display:inline-block;width:5px"> </div>and </div><div id="a12386_67_1" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:380px;top:47px;">3</div><div id="a12386_68_4" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:387px;top:47px;"><div style="display:inline-block;width:4px"> </div>to </div><div id="a12386_72_2" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:406px;top:47px;">12</div><div id="a12386_74_48" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:419px;top:47px;"><div style="display:inline-block;width:4px"> </div>years for<div style="display:inline-block;width:6px"> </div>machinery and<div style="display:inline-block;width:6px"> </div>equipment. Repairs<div style="display:inline-block;width:6px"> </div>and </div><div id="a12400" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">maintenance are expensed as incurred.<div style="display:inline-block;width:2px"> </div>Expenditures that increase the<div style="display:inline-block;width:2px"> </div>value or productive capacity of<div style="display:inline-block;width:2px"> </div>assets are capitalized. When </div><div id="a12402" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:79px;">property,<div style="display:inline-block;width:5px"> </div>plant, and<div style="display:inline-block;width:5px"> </div>equipment are<div style="display:inline-block;width:5px"> </div>retired, sold,<div style="display:inline-block;width:5px"> </div>or otherwise<div style="display:inline-block;width:5px"> </div>disposed of,<div style="display:inline-block;width:5px"> </div>the asset’s<div style="display:inline-block;width:5px"> </div>carrying amount<div style="display:inline-block;width:5px"> </div>and related<div style="display:inline-block;width:5px"> </div>accumulated </div><div id="a12404" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:95px;">depreciation are removed from the accounts and any gain or loss is included in operations. The Company capitalizes interest cost </div><div id="a12406" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:110px;">incurred on funds used to construct property, plant, and equipment<div style="display:inline-block;width:5px"> </div>as part of the asset to which it relates and amortizes such cost </div><div id="a12410" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:126px;">over the asset’s<div style="display:inline-block;width:5px"> </div>estimated useful life. When<div style="display:inline-block;width:5px"> </div>certain events or changes<div style="display:inline-block;width:5px"> </div>in operating conditions occur,<div style="display:inline-block;width:5px"> </div>asset lives may be adjusted </div><div id="a12413" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:142px;">and an impairment assessment may be performed on the recoverability<div style="display:inline-block;width:5px"> </div>of the carrying amounts.</div></div> P15Y P25Y P3Y P12Y <div id="TextBlockContainer25" style="position:relative;line-height:normal;width:697px;height:158px;"><div id="a12417" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:0px;">Investments in Unconsolidated Entities </div><div id="a12420" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">The equity method<div style="display:inline-block;width:5px"> </div>of accounting is used<div style="display:inline-block;width:5px"> </div>when the Company can<div style="display:inline-block;width:5px"> </div>exert significant influence<div style="display:inline-block;width:5px"> </div>over an entity,<div style="display:inline-block;width:6px"> </div>but does not control </div><div id="a12425" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">its financial<div style="display:inline-block;width:6px"> </div>and<div style="display:inline-block;width:5px"> </div>operating<div style="display:inline-block;width:5px"> </div>decisions.<div style="display:inline-block;width:5px"> </div>Under<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>equity<div style="display:inline-block;width:5px"> </div>method,<div style="display:inline-block;width:5px"> </div>original<div style="display:inline-block;width:5px"> </div>investments<div style="display:inline-block;width:5px"> </div>are recorded<div style="display:inline-block;width:6px"> </div>at<div style="display:inline-block;width:5px"> </div>cost<div style="display:inline-block;width:5px"> </div>and<div style="display:inline-block;width:5px"> </div>adjusted<div style="display:inline-block;width:5px"> </div>by<div style="display:inline-block;width:5px"> </div>the </div><div id="a12429" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">Company’s share of undistributed earnings<div style="display:inline-block;width:2px"> </div>or losses of<div style="display:inline-block;width:1px"> </div>these entities. Equity<div style="display:inline-block;width:2px"> </div>investments without readily<div style="display:inline-block;width:2px"> </div>determinable fair values, </div><div id="a12432" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:79px;">when<div style="display:inline-block;width:6px"> </div>the<div style="display:inline-block;width:6px"> </div>Company<div style="display:inline-block;width:6px"> </div>does<div style="display:inline-block;width:6px"> </div>not<div style="display:inline-block;width:6px"> </div>have<div style="display:inline-block;width:6px"> </div>the<div style="display:inline-block;width:6px"> </div>ability<div style="display:inline-block;width:6px"> </div>to<div style="display:inline-block;width:6px"> </div>exercise<div style="display:inline-block;width:6px"> </div>significant<div style="display:inline-block;width:6px"> </div>influence<div style="display:inline-block;width:6px"> </div>over<div style="display:inline-block;width:6px"> </div>the<div style="display:inline-block;width:6px"> </div>investee,<div style="display:inline-block;width:6px"> </div>are<div style="display:inline-block;width:6px"> </div>recorded<div style="display:inline-block;width:6px"> </div>at<div style="display:inline-block;width:6px"> </div>cost,<div style="display:inline-block;width:6px"> </div>less </div><div id="a12439" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:95px;">impairment, plus or minus observable price changes. </div><div id="a12442" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:126px;">The Company is a member of Eggland’s Best, Inc.<div style="display:inline-block;width:5px"> </div>and ProEgg, Inc., which are cooperatives.<div style="display:inline-block;width:7px"> </div>These investments are recorded at </div><div id="a12455" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:142px;">cost, plus or minus any allocated equities and retains.</div></div> <div id="TextBlockContainer27" style="position:relative;line-height:normal;width:697px;height:158px;"><div id="a12463" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:0px;">Goodwill </div><div id="a12466" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">Goodwill<div style="display:inline-block;width:5px"> </div>represents<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>excess<div style="display:inline-block;width:5px"> </div>of<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>purchase<div style="display:inline-block;width:5px"> </div>price<div style="display:inline-block;width:5px"> </div>over<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>fair<div style="display:inline-block;width:5px"> </div>value<div style="display:inline-block;width:5px"> </div>of<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>identifiable<div style="display:inline-block;width:5px"> </div>net<div style="display:inline-block;width:5px"> </div>assets<div style="display:inline-block;width:5px"> </div>acquired.<div style="display:inline-block;width:5px"> </div>Goodwill<div style="display:inline-block;width:5px"> </div>is </div><div id="a12468" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">evaluated for impairment annually by first performing a qualitative assessment to determine whether a quantitative goodwill test </div><div id="a12470" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">is necessary.<div style="display:inline-block;width:5px"> </div>After assessing the totality<div style="display:inline-block;width:5px"> </div>of events or circumstances,<div style="display:inline-block;width:5px"> </div>if we determine it is<div style="display:inline-block;width:5px"> </div>more likely than not<div style="display:inline-block;width:5px"> </div>that the fair value </div><div id="a12472" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:79px;">of a reporting<div style="display:inline-block;width:5px"> </div>unit is less<div style="display:inline-block;width:5px"> </div>than its carrying<div style="display:inline-block;width:5px"> </div>amount, then we<div style="display:inline-block;width:5px"> </div>perform additional<div style="display:inline-block;width:5px"> </div>quantitative tests to<div style="display:inline-block;width:5px"> </div>determine the<div style="display:inline-block;width:5px"> </div>magnitude of </div><div id="a12474" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:95px;">any impairment. During the<div style="display:inline-block;width:2px"> </div>fourth quarter of 2023,<div style="display:inline-block;width:2px"> </div>we elected to change<div style="display:inline-block;width:2px"> </div>the date of<div style="display:inline-block;width:2px"> </div>our annual impairment assessment<div style="display:inline-block;width:2px"> </div>from year-</div><div id="a12478" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:111px;">end to the<div style="display:inline-block;width:5px"> </div>first day of<div style="display:inline-block;width:5px"> </div>the fourth quarter.<div style="display:inline-block;width:6px"> </div>The change<div style="display:inline-block;width:5px"> </div>was made to<div style="display:inline-block;width:5px"> </div>more closely<div style="display:inline-block;width:5px"> </div>align the impairment<div style="display:inline-block;width:6px"> </div>assessment date<div style="display:inline-block;width:5px"> </div>with our </div><div id="a12480" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:126px;">annual planning and forecasting process.<div style="display:inline-block;width:5px"> </div>The change in impairment assessment date<div style="display:inline-block;width:5px"> </div>did not have any impact on goodwill<div style="display:inline-block;width:5px"> </div>or the </div><div id="a12484" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:142px;">impairment of goodwill. The change has been applied prospectively<div style="display:inline-block;width:5px"> </div>and would not have an impact on a retrospective basis.</div></div> <div id="TextBlockContainer31" style="position:relative;line-height:normal;width:697px;height:111px;"><div id="a12495" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:0px;">Intangible Assets </div><div id="a12498" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">Included in other intangible assets are separable intangible assets acquired in business acquisitions, which include franchise<div style="display:inline-block;width:3px"> </div>fees, </div><div id="a12501" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">non-compete agreements<div style="display:inline-block;width:5px"> </div>and customer<div style="display:inline-block;width:5px"> </div>relationship intangibles.<div style="display:inline-block;width:5px"> </div>They are<div style="display:inline-block;width:5px"> </div>amortized over<div style="display:inline-block;width:5px"> </div>their estimated useful<div style="display:inline-block;width:5px"> </div>lives of </div><div id="a12501_118_1" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:651px;top:47px;">5</div><div id="a12501_119_4" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:657px;top:47px;"><div style="display:inline-block;width:4px"> </div>to </div><div id="a12501_123_2" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:675px;top:47px;">15</div><div id="a12509" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">years. The<div style="display:inline-block;width:6px"> </div>gross<div style="display:inline-block;width:6px"> </div>cost<div style="display:inline-block;width:5px"> </div>and<div style="display:inline-block;width:6px"> </div>accumulated<div style="display:inline-block;width:6px"> </div>amortization<div style="display:inline-block;width:6px"> </div>of<div style="display:inline-block;width:6px"> </div>intangible<div style="display:inline-block;width:6px"> </div>assets<div style="display:inline-block;width:5px"> </div>are<div style="display:inline-block;width:6px"> </div>removed<div style="display:inline-block;width:6px"> </div>when<div style="display:inline-block;width:6px"> </div>the<div style="display:inline-block;width:6px"> </div>recorded<div style="display:inline-block;width:6px"> </div>amounts<div style="display:inline-block;width:6px"> </div>are<div style="display:inline-block;width:6px"> </div>fully </div><div id="a12512" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:79px;">amortized and<div style="display:inline-block;width:5px"> </div>the asset is<div style="display:inline-block;width:5px"> </div>no longer<div style="display:inline-block;width:5px"> </div>in use or<div style="display:inline-block;width:5px"> </div>the contract<div style="display:inline-block;width:5px"> </div>has expired.<div style="display:inline-block;width:5px"> </div>When certain<div style="display:inline-block;width:5px"> </div>events or changes<div style="display:inline-block;width:5px"> </div>in operating<div style="display:inline-block;width:5px"> </div>conditions </div><div id="a12516" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:95px;">occur, asset lives may<div style="display:inline-block;width:2px"> </div>be adjusted and an<div style="display:inline-block;width:2px"> </div>impairment assessment may be<div style="display:inline-block;width:2px"> </div>performed on the recoverability<div style="display:inline-block;width:2px"> </div>of the carrying amounts.</div></div> P5Y P15Y <div id="TextBlockContainer33" style="position:relative;line-height:normal;width:697px;height:79px;"><div id="a12520" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:0px;">Accrued Self Insurance </div><div id="a12524" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">We use a combination of insurance<div style="display:inline-block;width:5px"> </div>and self-insurance mechanisms to provide coverage for the potential liabilities for health and </div><div id="a12527" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">welfare,<div style="display:inline-block;width:6px"> </div>workers’<div style="display:inline-block;width:6px"> </div>compensation,<div style="display:inline-block;width:6px"> </div>auto<div style="display:inline-block;width:6px"> </div>liability<div style="display:inline-block;width:6px"> </div>and<div style="display:inline-block;width:6px"> </div>general<div style="display:inline-block;width:6px"> </div>liability<div style="display:inline-block;width:6px"> </div>risks.<div style="display:inline-block;width:6px"> </div>Liabilities<div style="display:inline-block;width:6px"> </div>associated<div style="display:inline-block;width:6px"> </div>with<div style="display:inline-block;width:6px"> </div>our<div style="display:inline-block;width:6px"> </div>risks<div style="display:inline-block;width:6px"> </div>retained<div style="display:inline-block;width:6px"> </div>are </div><div id="a12529" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">estimated, in part, by considering claims experience, demographic factors,<div style="display:inline-block;width:5px"> </div>severity factors and other actuarial assumptions.</div></div> <div id="TextBlockContainer35" style="position:relative;line-height:normal;width:697px;height:174px;"><div id="a12532" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:0px;">Dividend Payable </div><div id="a12535" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">We<div style="display:inline-block;width:5px"> </div>accrue dividends at<div style="display:inline-block;width:5px"> </div>the end of<div style="display:inline-block;width:5px"> </div>each quarter according<div style="display:inline-block;width:5px"> </div>to the Company’s<div style="display:inline-block;width:6px"> </div>dividend policy adopted<div style="display:inline-block;width:5px"> </div>by its Board<div style="display:inline-block;width:5px"> </div>of Directors. </div><div id="a12536" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">The Company<div style="display:inline-block;width:5px"> </div>pays a dividend<div style="display:inline-block;width:5px"> </div>to shareholders<div style="display:inline-block;width:5px"> </div>of its Common<div style="display:inline-block;width:5px"> </div>Stock and<div style="display:inline-block;width:5px"> </div>Class A Common<div style="display:inline-block;width:5px"> </div>Stock on<div style="display:inline-block;width:5px"> </div>a quarterly basis<div style="display:inline-block;width:5px"> </div>for each </div><div id="a12537" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">quarter for which the Company reports net income attributable to Cal-Maine<div style="display:inline-block;width:5px"> </div>Foods, Inc. computed in accordance with GAAP in </div><div id="a12541" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:79px;">an amount<div style="display:inline-block;width:6px"> </div>equal to<div style="display:inline-block;width:6px"> </div>one-third (</div><div id="a12541_30_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:172px;top:79px;-sec-ix-hidden:ID_1005;">1/3</div><div id="a12541_33_92" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:189px;top:79px;">) of<div style="display:inline-block;width:6px"> </div>such quarterly<div style="display:inline-block;width:6px"> </div>income. Dividends<div style="display:inline-block;width:6px"> </div>are paid<div style="display:inline-block;width:6px"> </div>to shareholders<div style="display:inline-block;width:6px"> </div>of record<div style="display:inline-block;width:6px"> </div>as of<div style="display:inline-block;width:6px"> </div>the 60th<div style="display:inline-block;width:6px"> </div>day </div><div id="a12546" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:95px;">following the last day of such quarter, except for the fourth fiscal quarter.<div style="display:inline-block;width:5px"> </div>For the fourth quarter, the Company pays dividends to </div><div id="a12549" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:110px;">shareholders of<div style="display:inline-block;width:5px"> </div>record on<div style="display:inline-block;width:5px"> </div>the 65th<div style="display:inline-block;width:5px"> </div>day after<div style="display:inline-block;width:5px"> </div>the quarter<div style="display:inline-block;width:5px"> </div>end. Dividends<div style="display:inline-block;width:5px"> </div>are payable<div style="display:inline-block;width:5px"> </div>on the<div style="display:inline-block;width:5px"> </div>15th day<div style="display:inline-block;width:5px"> </div>following the<div style="display:inline-block;width:5px"> </div>record date. </div><div id="a12551" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:126px;">Following a quarter for which the Company does not report net income<div style="display:inline-block;width:5px"> </div>attributable to Cal-Maine Foods, Inc., the Company will </div><div id="a12555" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:142px;">not pay a dividend<div style="display:inline-block;width:5px"> </div>for a subsequent profitable<div style="display:inline-block;width:5px"> </div>quarter until the Company<div style="display:inline-block;width:5px"> </div>is profitable on a cumulative<div style="display:inline-block;width:5px"> </div>basis computed from the </div><div id="a12557" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:158px;">date of the most recent quarter for which a dividend was paid.</div></div> <div id="TextBlockContainer37" style="position:relative;line-height:normal;width:697px;height:95px;"><div id="a12561" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:0px;">Treasury Stock </div><div id="a12564" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">Treasury<div style="display:inline-block;width:5px"> </div>stock purchases<div style="display:inline-block;width:5px"> </div>are accounted<div style="display:inline-block;width:5px"> </div>for under<div style="display:inline-block;width:5px"> </div>the cost<div style="display:inline-block;width:5px"> </div>method whereby<div style="display:inline-block;width:5px"> </div>the entire<div style="display:inline-block;width:5px"> </div>cost of<div style="display:inline-block;width:5px"> </div>the acquired<div style="display:inline-block;width:5px"> </div>stock is<div style="display:inline-block;width:5px"> </div>recorded as </div><div id="a12566" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">treasury<div style="display:inline-block;width:6px"> </div>stock. The<div style="display:inline-block;width:6px"> </div>grant<div style="display:inline-block;width:6px"> </div>of<div style="display:inline-block;width:5px"> </div>restricted<div style="display:inline-block;width:5px"> </div>stock<div style="display:inline-block;width:6px"> </div>through<div style="display:inline-block;width:6px"> </div>the<div style="display:inline-block;width:6px"> </div>Company’s<div style="display:inline-block;width:6px"> </div>share-based<div style="display:inline-block;width:6px"> </div>compensation<div style="display:inline-block;width:6px"> </div>plans<div style="display:inline-block;width:6px"> </div>is<div style="display:inline-block;width:5px"> </div>funded<div style="display:inline-block;width:6px"> </div>through<div style="display:inline-block;width:6px"> </div>the </div><div id="a12571" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">issuance of<div style="display:inline-block;width:6px"> </div>treasury stock. Gains<div style="display:inline-block;width:6px"> </div>and losses<div style="display:inline-block;width:6px"> </div>on the<div style="display:inline-block;width:6px"> </div>subsequent reissuance<div style="display:inline-block;width:6px"> </div>of shares<div style="display:inline-block;width:6px"> </div>in accordance<div style="display:inline-block;width:6px"> </div>with the<div style="display:inline-block;width:6px"> </div>Company’s<div style="display:inline-block;width:5px"> </div>share-</div><div id="a12576" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:79px;">based compensation plans are credited or charged to paid-in<div style="display:inline-block;width:5px"> </div>capital in excess of par value using the average-cost method.</div></div> <div id="TextBlockContainer39" style="position:relative;line-height:normal;width:697px;height:174px;"><div id="a12583" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:0px;">Revenue Recognition and Delivery Costs </div><div id="a12587" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">Revenue recognition is completed upon satisfaction of the performance obligation to the customer, which typically occurs within </div><div id="a12589" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">days of<div style="display:inline-block;width:5px"> </div>the Company<div style="display:inline-block;width:5px"> </div>and customer<div style="display:inline-block;width:5px"> </div>agreeing upon<div style="display:inline-block;width:5px"> </div>the order.<div style="display:inline-block;width:5px"> </div>See </div><div id="a12592" style="position:absolute;font-family:'Times New Roman';color:#0000FF;left:360px;top:47px;"><a href="#a16325" style="color:#0000FF;text-decoration:underline;">Note 13<span style="display:inline-block;width:5px;text-decoration:underline"> </span>– Revenue<span style="display:inline-block;width:5px;text-decoration:underline"> </span>Recognition</a></div><div id="a12599" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:534px;top:47px;"><div style="display:inline-block;width:4px"> </div>for further<div style="display:inline-block;width:5px"> </div>discussion of<div style="display:inline-block;width:5px"> </div>the </div><div id="a12601" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">policy. </div><div id="a12604" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:95px;">The Company believes<div style="display:inline-block;width:5px"> </div>the performance obligation<div style="display:inline-block;width:5px"> </div>is met upon delivery<div style="display:inline-block;width:5px"> </div>and acceptance of<div style="display:inline-block;width:5px"> </div>the product by<div style="display:inline-block;width:5px"> </div>our customers. Costs </div><div id="a12605" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:110px;">to deliver<div style="display:inline-block;width:5px"> </div>product to<div style="display:inline-block;width:5px"> </div>customers are<div style="display:inline-block;width:5px"> </div>included in selling,<div style="display:inline-block;width:5px"> </div>general and<div style="display:inline-block;width:5px"> </div>administrative expenses<div style="display:inline-block;width:5px"> </div>in the<div style="display:inline-block;width:5px"> </div>accompanying Consolidated </div><div id="a12607" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:126px;">Statements<div style="display:inline-block;width:5px"> </div>of<div style="display:inline-block;width:5px"> </div>Income.<div style="display:inline-block;width:5px"> </div>Sales<div style="display:inline-block;width:5px"> </div>revenue<div style="display:inline-block;width:5px"> </div>reported<div style="display:inline-block;width:5px"> </div>in<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>accompanying<div style="display:inline-block;width:5px"> </div>Consolidated<div style="display:inline-block;width:5px"> </div>Statements<div style="display:inline-block;width:5px"> </div>of<div style="display:inline-block;width:5px"> </div>Income<div style="display:inline-block;width:5px"> </div>is<div style="display:inline-block;width:5px"> </div>reduced<div style="display:inline-block;width:5px"> </div>to<div style="display:inline-block;width:5px"> </div>reflect </div><div id="a12608" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:142px;">estimated returns<div style="display:inline-block;width:5px"> </div>and allowances.<div style="display:inline-block;width:5px"> </div>The Company<div style="display:inline-block;width:6px"> </div>records an<div style="display:inline-block;width:5px"> </div>estimated sales<div style="display:inline-block;width:5px"> </div>allowance for<div style="display:inline-block;width:5px"> </div>returns and<div style="display:inline-block;width:5px"> </div>discounts at<div style="display:inline-block;width:5px"> </div>the time<div style="display:inline-block;width:5px"> </div>of </div><div id="a12610" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:158px;">sale using historical trends based on actual sales returns and sales.</div></div> <div id="TextBlockContainer41" style="position:relative;line-height:normal;width:697px;height:63px;"><div id="a12613" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:0px;">Advertising Costs </div><div id="a12616" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">The Company expensed advertising<div style="display:inline-block;width:5px"> </div>costs as incurred of $</div><div id="a12616_55_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:314px;top:32px;">3.4</div><div id="a12616_58_11" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:331px;top:32px;"><div style="display:inline-block;width:3px"> </div>million, $</div><div id="a12616_69_4" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:386px;top:32px;">12.6</div><div id="a12616_73_15" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:409px;top:32px;"><div style="display:inline-block;width:3px"> </div>million, and $</div><div id="a12616_88_4" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:487px;top:32px;">11.7</div><div id="a12616_92_35" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:511px;top:32px;"><div style="display:inline-block;width:3px"> </div>million in fiscal 2023, 2022,<div style="display:inline-block;width:5px"> </div>and </div><div id="a12632" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">2021, respectively.</div></div> 3400000 12600000 11700000 <div id="TextBlockContainer43" style="position:relative;line-height:normal;width:697px;height:143px;"><div id="a12637" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:0px;">Income Taxes </div><div id="a12640" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">Income<div style="display:inline-block;width:6px"> </div>taxes<div style="display:inline-block;width:6px"> </div>are<div style="display:inline-block;width:6px"> </div>accounted<div style="display:inline-block;width:6px"> </div>for<div style="display:inline-block;width:6px"> </div>using<div style="display:inline-block;width:6px"> </div>the<div style="display:inline-block;width:6px"> </div>liability<div style="display:inline-block;width:6px"> </div>method.<div style="display:inline-block;width:6px"> </div>Deferred<div style="display:inline-block;width:6px"> </div>income<div style="display:inline-block;width:6px"> </div>taxes<div style="display:inline-block;width:6px"> </div>reflect<div style="display:inline-block;width:6px"> </div>the<div style="display:inline-block;width:6px"> </div>net<div style="display:inline-block;width:6px"> </div>tax<div style="display:inline-block;width:6px"> </div>effects<div style="display:inline-block;width:6px"> </div>of<div style="display:inline-block;width:6px"> </div>temporary </div><div id="a12641" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">differences<div style="display:inline-block;width:6px"> </div>between<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>carrying<div style="display:inline-block;width:5px"> </div>amounts<div style="display:inline-block;width:5px"> </div>of<div style="display:inline-block;width:5px"> </div>assets<div style="display:inline-block;width:5px"> </div>and<div style="display:inline-block;width:5px"> </div>liabilities<div style="display:inline-block;width:5px"> </div>for<div style="display:inline-block;width:5px"> </div>financial<div style="display:inline-block;width:5px"> </div>reporting<div style="display:inline-block;width:5px"> </div>purposes<div style="display:inline-block;width:5px"> </div>and<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>amounts<div style="display:inline-block;width:5px"> </div>used<div style="display:inline-block;width:5px"> </div>for </div><div id="a12643" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">income tax purposes. The<div style="display:inline-block;width:2px"> </div>Company’s policy with respect<div style="display:inline-block;width:2px"> </div>to evaluating<div style="display:inline-block;width:2px"> </div>uncertain tax<div style="display:inline-block;width:2px"> </div>positions is<div style="display:inline-block;width:2px"> </div>based upon whether<div style="display:inline-block;width:1px"> </div>management </div><div id="a12646" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:79px;">believes it<div style="display:inline-block;width:5px"> </div>is more<div style="display:inline-block;width:6px"> </div>likely than<div style="display:inline-block;width:6px"> </div>not the<div style="display:inline-block;width:6px"> </div>uncertain tax<div style="display:inline-block;width:6px"> </div>positions will<div style="display:inline-block;width:5px"> </div>be sustained<div style="display:inline-block;width:6px"> </div>upon review<div style="display:inline-block;width:6px"> </div>by the<div style="display:inline-block;width:6px"> </div>taxing authorities.<div style="display:inline-block;width:5px"> </div>The tax </div><div id="a12650" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:95px;">positions must meet the more-likely-than-not<div style="display:inline-block;width:5px"> </div>recognition threshold with consideration<div style="display:inline-block;width:5px"> </div>given to the amounts and<div style="display:inline-block;width:5px"> </div>probabilities of </div><div id="a12657" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:111px;">the outcomes<div style="display:inline-block;width:6px"> </div>that could<div style="display:inline-block;width:6px"> </div>be realized<div style="display:inline-block;width:6px"> </div>upon settlement<div style="display:inline-block;width:6px"> </div>using the<div style="display:inline-block;width:6px"> </div>facts, circumstances<div style="display:inline-block;width:6px"> </div>and information<div style="display:inline-block;width:6px"> </div>at the<div style="display:inline-block;width:6px"> </div>reporting date.<div style="display:inline-block;width:5px"> </div>The </div><div id="a12661" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:126px;">Company<div style="display:inline-block;width:5px"> </div>will reflect<div style="display:inline-block;width:6px"> </div>only<div style="display:inline-block;width:5px"> </div>the portion<div style="display:inline-block;width:6px"> </div>of the<div style="display:inline-block;width:6px"> </div>tax benefit<div style="display:inline-block;width:6px"> </div>that will<div style="display:inline-block;width:6px"> </div>be<div style="display:inline-block;width:5px"> </div>sustained<div style="display:inline-block;width:5px"> </div>upon resolution<div style="display:inline-block;width:6px"> </div>of the<div style="display:inline-block;width:6px"> </div>position<div style="display:inline-block;width:5px"> </div>and<div style="display:inline-block;width:5px"> </div>applicable </div></div><div id="TextBlockContainer47" style="position:relative;line-height:normal;width:697px;height:80px;"><div id="a12666" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:0px;">interest on the portion of the tax benefit not recognized. The Company initially and subsequently measures the largest amount<div style="display:inline-block;width:5px"> </div>of </div><div id="a12668" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:16px;">tax benefit<div style="display:inline-block;width:5px"> </div>that is<div style="display:inline-block;width:5px"> </div>greater than<div style="display:inline-block;width:5px"> </div>50% likely<div style="display:inline-block;width:5px"> </div>to be<div style="display:inline-block;width:5px"> </div>realized upon<div style="display:inline-block;width:5px"> </div>settlement with<div style="display:inline-block;width:5px"> </div>a taxing<div style="display:inline-block;width:5px"> </div>authority that<div style="display:inline-block;width:5px"> </div>has full<div style="display:inline-block;width:5px"> </div>knowledge of<div style="display:inline-block;width:5px"> </div>all </div><div id="a12671" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">relevant<div style="display:inline-block;width:6px"> </div>information. The<div style="display:inline-block;width:6px"> </div>Company<div style="display:inline-block;width:5px"> </div>records<div style="display:inline-block;width:6px"> </div>interest<div style="display:inline-block;width:6px"> </div>and<div style="display:inline-block;width:5px"> </div>penalties on<div style="display:inline-block;width:6px"> </div>uncertain<div style="display:inline-block;width:6px"> </div>tax<div style="display:inline-block;width:5px"> </div>positions<div style="display:inline-block;width:6px"> </div>as<div style="display:inline-block;width:5px"> </div>a<div style="display:inline-block;width:5px"> </div>component<div style="display:inline-block;width:5px"> </div>of<div style="display:inline-block;width:5px"> </div>income<div style="display:inline-block;width:6px"> </div>tax </div><div id="a12677" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">expense. Based<div style="display:inline-block;width:5px"> </div>upon management’s<div style="display:inline-block;width:6px"> </div>assessment, there<div style="display:inline-block;width:5px"> </div>are no uncertain<div style="display:inline-block;width:5px"> </div>tax positions expected<div style="display:inline-block;width:5px"> </div>to have a<div style="display:inline-block;width:5px"> </div>material impact on<div style="display:inline-block;width:5px"> </div>the </div><div id="a12678" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">Company’s consolidated<div style="display:inline-block;width:5px"> </div>financial statements.</div></div> <div id="TextBlockContainer49" style="position:relative;line-height:normal;width:697px;height:95px;"><div id="a12681" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:0px;">Stock Based Compensation </div><div id="a12685" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">The<div style="display:inline-block;width:5px"> </div>Company<div style="display:inline-block;width:5px"> </div>recognizes<div style="display:inline-block;width:5px"> </div>all<div style="display:inline-block;width:5px"> </div>share-based<div style="display:inline-block;width:5px"> </div>payments<div style="display:inline-block;width:5px"> </div>to<div style="display:inline-block;width:5px"> </div>employees<div style="display:inline-block;width:5px"> </div>and<div style="display:inline-block;width:5px"> </div>directors,<div style="display:inline-block;width:5px"> </div>including<div style="display:inline-block;width:5px"> </div>grants<div style="display:inline-block;width:5px"> </div>of<div style="display:inline-block;width:5px"> </div>employee<div style="display:inline-block;width:5px"> </div>stock<div style="display:inline-block;width:5px"> </div>options, </div><div id="a12690" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">restricted stock and performance-based shares, in the Consolidated Statements<div style="display:inline-block;width:4px"> </div>of Income based on their fair values. The benefits </div><div id="a12700" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">of<div style="display:inline-block;width:6px"> </div>tax<div style="display:inline-block;width:6px"> </div>deductions<div style="display:inline-block;width:6px"> </div>in<div style="display:inline-block;width:6px"> </div>excess<div style="display:inline-block;width:6px"> </div>of<div style="display:inline-block;width:6px"> </div>recognized<div style="display:inline-block;width:6px"> </div>compensation<div style="display:inline-block;width:6px"> </div>cost<div style="display:inline-block;width:6px"> </div>are<div style="display:inline-block;width:6px"> </div>reported<div style="display:inline-block;width:6px"> </div>as<div style="display:inline-block;width:6px"> </div>a<div style="display:inline-block;width:6px"> </div>financing<div style="display:inline-block;width:6px"> </div>cash<div style="display:inline-block;width:6px"> </div>flow. See </div><div id="a12703" style="position:absolute;font-family:'Times New Roman';color:#0000FF;left:595px;top:63px;"><a href="#a16621" style="color:#0000FF;text-decoration:underline;">Note<span style="display:inline-block;width:6px;text-decoration:underline"> </span>14<span style="display:inline-block;width:6px;text-decoration:underline"> </span>–<span style="display:inline-block;width:6px;text-decoration:underline"> </span>Stock </a></div><div id="a12707" style="position:absolute;font-family:'Times New Roman';color:#0000FF;left:4px;top:79px;"><a href="#a16621" style="color:#0000FF;text-decoration:underline;">Compensation Plans</a></div><div id="a12708" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:114px;top:79px;"><div style="display:inline-block;width:3px"> </div>for more information.</div></div> <div id="TextBlockContainer51" style="position:relative;line-height:normal;width:700px;height:174px;"><div id="a12712" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:0px;">Business Combinations </div><div id="a12715" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">The Company applies the acquisition<div style="display:inline-block;width:5px"> </div>method of accounting, which<div style="display:inline-block;width:5px"> </div>requires that once control is obtained,<div style="display:inline-block;width:5px"> </div>all the assets acquired </div><div id="a12721" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">and liabilities assumed,<div style="display:inline-block;width:5px"> </div>including amounts<div style="display:inline-block;width:5px"> </div>attributable to noncontrolling<div style="display:inline-block;width:5px"> </div>interests, are recorded<div style="display:inline-block;width:5px"> </div>at their respective<div style="display:inline-block;width:5px"> </div>fair values at </div><div id="a12723" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">the date of acquisition. We<div style="display:inline-block;width:5px"> </div>determine the fair values of identifiable assets and liabilities<div style="display:inline-block;width:5px"> </div>internally,<div style="display:inline-block;width:4px"> </div>which requires estimates and </div><div id="a12732" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:79px;">the<div style="display:inline-block;width:6px"> </div>use<div style="display:inline-block;width:5px"> </div>of<div style="display:inline-block;width:6px"> </div>various<div style="display:inline-block;width:6px"> </div>valuation<div style="display:inline-block;width:6px"> </div>techniques.<div style="display:inline-block;width:6px"> </div>When<div style="display:inline-block;width:6px"> </div>a<div style="display:inline-block;width:5px"> </div>market<div style="display:inline-block;width:6px"> </div>value<div style="display:inline-block;width:5px"> </div>is<div style="display:inline-block;width:5px"> </div>not<div style="display:inline-block;width:6px"> </div>readily<div style="display:inline-block;width:6px"> </div>available,<div style="display:inline-block;width:6px"> </div>our<div style="display:inline-block;width:6px"> </div>internal<div style="display:inline-block;width:6px"> </div>valuation<div style="display:inline-block;width:6px"> </div>methodology </div><div id="a12747" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:95px;">considers the remaining estimated life of the assets acquired and what<div style="display:inline-block;width:5px"> </div>management believes is the market value for those assets.<div style="display:inline-block;width:4px"> </div></div><div id="a12751" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:126px;">We<div style="display:inline-block;width:5px"> </div>typically use the income<div style="display:inline-block;width:5px"> </div>method approach for<div style="display:inline-block;width:5px"> </div>intangible assets acquired in<div style="display:inline-block;width:5px"> </div>a business combination. Significant<div style="display:inline-block;width:5px"> </div>estimates in </div><div id="a12756" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:142px;">valuing certain intangible assets include, but<div style="display:inline-block;width:2px"> </div>are not limited to,<div style="display:inline-block;width:2px"> </div>the amount and timing of<div style="display:inline-block;width:2px"> </div>future cash flows, growth rates,<div style="display:inline-block;width:2px"> </div>discount </div><div id="a12758" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:158px;">rates and useful<div style="display:inline-block;width:2px"> </div>lives. The excess<div style="display:inline-block;width:2px"> </div>of the purchase<div style="display:inline-block;width:2px"> </div>price over fair<div style="display:inline-block;width:2px"> </div>values of identifiable<div style="display:inline-block;width:2px"> </div>assets and liabilities<div style="display:inline-block;width:2px"> </div>is recorded as<div style="display:inline-block;width:2px"> </div>goodwill.</div></div> <div id="TextBlockContainer53" style="position:relative;line-height:normal;width:697px;height:268px;"><div id="a12762" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:0px;">Loss Contingencies </div><div id="a12765" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">Certain conditions may exist as of the date the financial statements are issued that may result in a loss to the Company but which </div><div id="a12767" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">will only be<div style="display:inline-block;width:5px"> </div>resolved when one<div style="display:inline-block;width:5px"> </div>or more future<div style="display:inline-block;width:5px"> </div>events occur or<div style="display:inline-block;width:5px"> </div>fail to occur.<div style="display:inline-block;width:6px"> </div>The Company’s<div style="display:inline-block;width:5px"> </div>management and<div style="display:inline-block;width:5px"> </div>its legal counsel </div><div id="a12768" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">assess<div style="display:inline-block;width:8px"> </div>such<div style="display:inline-block;width:8px"> </div>contingent<div style="display:inline-block;width:8px"> </div>liabilities,<div style="display:inline-block;width:8px"> </div>and<div style="display:inline-block;width:8px"> </div>such<div style="display:inline-block;width:8px"> </div>assessment<div style="display:inline-block;width:8px"> </div>inherently<div style="display:inline-block;width:8px"> </div>involves<div style="display:inline-block;width:8px"> </div>an<div style="display:inline-block;width:8px"> </div>exercise<div style="display:inline-block;width:8px"> </div>of<div style="display:inline-block;width:8px"> </div>judgment.<div style="display:inline-block;width:8px"> </div>In<div style="display:inline-block;width:7px"> </div>assessing<div style="display:inline-block;width:8px"> </div>loss </div><div id="a12769" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:79px;">contingencies<div style="display:inline-block;width:5px"> </div>related<div style="display:inline-block;width:5px"> </div>to legal<div style="display:inline-block;width:5px"> </div>proceedings<div style="display:inline-block;width:5px"> </div>that are<div style="display:inline-block;width:6px"> </div>pending against<div style="display:inline-block;width:6px"> </div>the Company<div style="display:inline-block;width:6px"> </div>or unasserted<div style="display:inline-block;width:6px"> </div>claims that<div style="display:inline-block;width:6px"> </div>may result<div style="display:inline-block;width:5px"> </div>in such </div><div id="a12771" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:95px;">proceedings, the Company’s<div style="display:inline-block;width:6px"> </div>legal counsel evaluates<div style="display:inline-block;width:5px"> </div>the perceived merits<div style="display:inline-block;width:5px"> </div>of any legal<div style="display:inline-block;width:5px"> </div>proceedings or unasserted<div style="display:inline-block;width:5px"> </div>claims as well </div><div id="a12773" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:110px;">as the perceived merits of the amount of relief sought or expected to be<div style="display:inline-block;width:5px"> </div>sought therein. </div><div id="a12777" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:142px;">If the assessment<div style="display:inline-block;width:5px"> </div>of a contingency<div style="display:inline-block;width:6px"> </div>indicates it is<div style="display:inline-block;width:5px"> </div>probable that<div style="display:inline-block;width:5px"> </div>a material loss<div style="display:inline-block;width:5px"> </div>has been incurred<div style="display:inline-block;width:6px"> </div>and the amount<div style="display:inline-block;width:5px"> </div>of the liability </div><div id="a12779" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:158px;">can be<div style="display:inline-block;width:5px"> </div>estimated, the<div style="display:inline-block;width:5px"> </div>estimated liability<div style="display:inline-block;width:5px"> </div>would be accrued<div style="display:inline-block;width:5px"> </div>in the Company’s<div style="display:inline-block;width:6px"> </div>financial statements.<div style="display:inline-block;width:5px"> </div>If the assessment<div style="display:inline-block;width:5px"> </div>indicates a </div><div id="a12781" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:174px;">potentially material loss contingency is<div style="display:inline-block;width:5px"> </div>not probable, but is reasonably possible,<div style="display:inline-block;width:5px"> </div>or is probable but cannot be estimated,<div style="display:inline-block;width:5px"> </div>then the </div><div id="a12783" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:189px;">nature of the<div style="display:inline-block;width:5px"> </div>contingent liability,<div style="display:inline-block;width:5px"> </div>together with an<div style="display:inline-block;width:5px"> </div>estimate of the<div style="display:inline-block;width:5px"> </div>range of possible<div style="display:inline-block;width:5px"> </div>loss if determinable<div style="display:inline-block;width:5px"> </div>and material, would<div style="display:inline-block;width:5px"> </div>be </div><div id="a12785" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:205px;">disclosed. Loss<div style="display:inline-block;width:5px"> </div>contingencies considered<div style="display:inline-block;width:6px"> </div>remote are<div style="display:inline-block;width:5px"> </div>generally not<div style="display:inline-block;width:5px"> </div>disclosed unless<div style="display:inline-block;width:5px"> </div>they involve<div style="display:inline-block;width:5px"> </div>guarantees, in<div style="display:inline-block;width:5px"> </div>which case<div style="display:inline-block;width:5px"> </div>the </div><div id="a12787" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:221px;">nature of the guarantee would be disclosed.<div style="display:inline-block;width:4px"> </div></div><div id="a12792" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:253px;">The Company expenses the costs of litigation as they are incurred.</div></div> <div id="TextBlockContainer55" style="position:relative;line-height:normal;width:697px;height:63px;"><div id="a12795" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:0px;">New Accounting Pronouncements and Policies </div><div id="a12798" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">No new accounting pronouncement issued or effective<div style="display:inline-block;width:5px"> </div>during the fiscal year had or is expected to have a material impact on<div style="display:inline-block;width:5px"> </div>our </div><div id="a12801" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">Consolidated Financial Statements.</div></div> <div id="TextBlockContainer58" style="position:relative;line-height:normal;width:697px;height:157px;"><div id="a12808" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:bold;font-style:normal;color:#000000;left:4px;top:0px;">Note 2 – Acquisition </div><div id="a12816" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">Effective on May 30, 2021, the Company acquired the remaining </div><div id="a12816_62_2" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:355px;top:32px;">50</div><div id="a12816_64_56" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:368px;top:32px;">% membership interest in Red River Valley<div style="display:inline-block;width:5px"> </div>Egg Farm, LLC </div><div id="a12819" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">(“Red River”),<div style="display:inline-block;width:5px"> </div>including certain<div style="display:inline-block;width:5px"> </div>liabilities. As<div style="display:inline-block;width:5px"> </div>a result<div style="display:inline-block;width:5px"> </div>of the<div style="display:inline-block;width:5px"> </div>acquisition, Red<div style="display:inline-block;width:5px"> </div>River became<div style="display:inline-block;width:5px"> </div>a wholly<div style="display:inline-block;width:5px"> </div>owned subsidiary<div style="display:inline-block;width:5px"> </div>of the </div><div id="a12821" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">Company. Red River owns and<div style="display:inline-block;width:2px"> </div>operates a specialty<div style="display:inline-block;width:2px"> </div>shell egg production<div style="display:inline-block;width:2px"> </div>complex with approximately </div><div id="a12821_97_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:542px;top:63px;">1.7</div><div id="a12821_100_26" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:559px;top:63px;"><div style="display:inline-block;width:3px"> </div>million cage-free laying </div><div id="a12827" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:79px;">hens,<div style="display:inline-block;width:5px"> </div>cage-free<div style="display:inline-block;width:5px"> </div>pullet capacity,<div style="display:inline-block;width:7px"> </div>feed<div style="display:inline-block;width:5px"> </div>mill, processing<div style="display:inline-block;width:6px"> </div>plant, related<div style="display:inline-block;width:6px"> </div>offices<div style="display:inline-block;width:5px"> </div>and outbuildings<div style="display:inline-block;width:6px"> </div>and<div style="display:inline-block;width:5px"> </div>related<div style="display:inline-block;width:5px"> </div>equipment located<div style="display:inline-block;width:6px"> </div>on </div><div id="a12831" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:95px;">approximately </div><div id="a12831_14_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:85px;top:95px;">400</div><div id="a12831_17_27" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:105px;top:95px;"><div style="display:inline-block;width:3px"> </div>acres near Bogata, Texas. </div><div id="a12837" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:126px;">The<div style="display:inline-block;width:5px"> </div>following<div style="display:inline-block;width:5px"> </div>table<div style="display:inline-block;width:5px"> </div>summarizes<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>consideration<div style="display:inline-block;width:5px"> </div>paid<div style="display:inline-block;width:5px"> </div>for<div style="display:inline-block;width:5px"> </div>Red<div style="display:inline-block;width:5px"> </div>River<div style="display:inline-block;width:5px"> </div>and<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>amounts<div style="display:inline-block;width:5px"> </div>of<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>assets<div style="display:inline-block;width:5px"> </div>acquired<div style="display:inline-block;width:5px"> </div>and<div style="display:inline-block;width:5px"> </div>liabilities </div><div id="a12840" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:142px;">assumed recognized at the acquisition date:</div></div><div id="TextBlockContainer61" style="position:relative;line-height:normal;width:693px;height:330px;"><div id="a12843" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:0px;">Cash consideration paid </div><div id="a12845" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:0px;">$ </div><div id="a12847" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:0px;">48,500</div><div id="a12852" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:34px;">Fair value of the Company's equity interest in Red River held before the business combination </div><div id="a12855" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:34px;">48,500</div><div id="a12861" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:70px;">$ </div><div id="a12863" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:70px;">97,000</div><div id="a12868" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:108px;">Recognized amounts of identifiable assets acquired and liabilities assumed </div><div id="a12876" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:142px;">Cash </div><div id="a12878" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:142px;">$ </div><div id="a12880" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:142px;">3,677</div><div id="a12882" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:159px;">Accounts receivable, net </div><div id="a12885" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:159px;">1,980</div><div id="a12887" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:176px;">Inventory </div><div id="a12890" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:176px;">8,789</div><div id="a12892" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:193px;">Property, plant and equipment </div><div id="a12895" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:193px;">85,002</div><div id="a12897" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:210px;">Liabilities assumed </div><div id="a12900" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:650px;top:210px;display:flex;">(2,448)</div><div id="a12902" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:227px;">Deferred income taxes </div><div id="a12905" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:650px;top:227px;display:flex;">(8,481)</div><div id="a12907" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:244px;">Total identifiable<div style="display:inline-block;width:5px"> </div>net assets </div><div id="a12911" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:244px;">88,519</div><div id="a12916" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:278px;">Goodwill </div><div id="a12919" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:278px;">8,481</div><div id="a12925" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:314px;">$ </div><div id="a12927" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:314px;">97,000</div></div><div id="TextBlockContainer64" style="position:relative;line-height:normal;width:697px;height:300px;"><div id="a12930" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:0px;">Cash and accounts receivable acquired along with liabilities<div style="display:inline-block;width:2px"> </div>assumed were valued at their carrying<div style="display:inline-block;width:2px"> </div>value which approximates fair </div><div id="a12932" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:16px;">value due to the short maturity of these instruments. </div><div id="a12936" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">Inventory consisted<div style="display:inline-block;width:5px"> </div>primarily of<div style="display:inline-block;width:5px"> </div>flock, feed<div style="display:inline-block;width:5px"> </div>ingredients, packaging,<div style="display:inline-block;width:5px"> </div>and egg<div style="display:inline-block;width:5px"> </div>inventory.<div style="display:inline-block;width:5px"> </div>Flock inventory<div style="display:inline-block;width:5px"> </div>was valued at<div style="display:inline-block;width:5px"> </div>carrying </div><div id="a12938" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">value as management<div style="display:inline-block;width:5px"> </div>believes that their<div style="display:inline-block;width:5px"> </div>carrying value best<div style="display:inline-block;width:5px"> </div>approximates their<div style="display:inline-block;width:5px"> </div>fair value. Feed<div style="display:inline-block;width:5px"> </div>ingredients, packaging<div style="display:inline-block;width:5px"> </div>and egg </div><div id="a12940" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:79px;">inventory were all valued based on market prices as of May 30, 2021.<div style="display:inline-block;width:4px"> </div></div><div id="a12943" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:111px;">Property,<div style="display:inline-block;width:5px"> </div>plant and<div style="display:inline-block;width:5px"> </div>equipment were<div style="display:inline-block;width:5px"> </div>valued utilizing<div style="display:inline-block;width:5px"> </div>the cost<div style="display:inline-block;width:5px"> </div>approach which<div style="display:inline-block;width:5px"> </div>is based<div style="display:inline-block;width:5px"> </div>on replacement<div style="display:inline-block;width:5px"> </div>or reproduction<div style="display:inline-block;width:5px"> </div>costs of </div><div id="a12944" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:126px;">the assets and subtracting any depreciation resulting from physical deterioration<div style="display:inline-block;width:5px"> </div>and/or functional or economic obsolescence. </div><div id="a12948" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:158px;">The Company recognized a gain of $</div><div id="a12948_34_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:202px;top:158px;">4.5</div><div id="a12948_37_54" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:219px;top:158px;"><div style="display:inline-block;width:3px"> </div>million as a result of remeasuring to fair value its </div><div id="a12948_91_2" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:487px;top:158px;">50</div><div id="a12948_93_36" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:501px;top:158px;">% equity interest in Red River held </div><div id="a12954" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:174px;">before<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>business<div style="display:inline-block;width:5px"> </div>combination.<div style="display:inline-block;width:5px"> </div>The<div style="display:inline-block;width:5px"> </div>gain<div style="display:inline-block;width:5px"> </div>was<div style="display:inline-block;width:5px"> </div>recorded<div style="display:inline-block;width:5px"> </div>in<div style="display:inline-block;width:5px"> </div>other<div style="display:inline-block;width:5px"> </div>income<div style="display:inline-block;width:5px"> </div>and<div style="display:inline-block;width:5px"> </div>expense<div style="display:inline-block;width:5px"> </div>under<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>heading<div style="display:inline-block;width:5px"> </div>“Other,<div style="display:inline-block;width:6px"> </div>net”<div style="display:inline-block;width:5px"> </div>in<div style="display:inline-block;width:5px"> </div>the </div><div id="a12956" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:189px;">Company’s Condensed Consolidated Statements of Income. The acquisition<div style="display:inline-block;width:2px"> </div>of Red River resulted<div style="display:inline-block;width:2px"> </div>in a discrete tax<div style="display:inline-block;width:2px"> </div>benefit of $</div><div id="a12956_123_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:672px;top:189px;">8.3</div><div id="a12959" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:205px;">million,<div style="display:inline-block;width:6px"> </div>which<div style="display:inline-block;width:6px"> </div>includes<div style="display:inline-block;width:6px"> </div>a<div style="display:inline-block;width:6px"> </div>$</div><div id="a12959_27_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:159px;top:205px;">7.3</div><div id="a12959_30_92" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:176px;top:205px;"><div style="display:inline-block;width:6px"> </div>million<div style="display:inline-block;width:6px"> </div>decrease<div style="display:inline-block;width:6px"> </div>in<div style="display:inline-block;width:6px"> </div>deferred<div style="display:inline-block;width:6px"> </div>income<div style="display:inline-block;width:6px"> </div>tax<div style="display:inline-block;width:6px"> </div>expense<div style="display:inline-block;width:6px"> </div>related<div style="display:inline-block;width:6px"> </div>to<div style="display:inline-block;width:6px"> </div>the<div style="display:inline-block;width:6px"> </div>outside-basis<div style="display:inline-block;width:6px"> </div>of<div style="display:inline-block;width:6px"> </div>our<div style="display:inline-block;width:6px"> </div>equity </div><div id="a12966" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:221px;">investment in Red River, with a corresponding non-recurring,<div style="display:inline-block;width:5px"> </div>non-cash $</div><div id="a12966_71_7" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:395px;top:221px;">955,000</div><div id="a12966_78_46" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:438px;top:221px;"><div style="display:inline-block;width:3px"> </div>reduction to income taxes expense on the non-</div><div id="a12975" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:237px;">taxable remeasurement gain associated with the acquisition. As part of the acquisition accounting, the Company also<div style="display:inline-block;width:2px"> </div>recorded an </div><div id="a12977" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:253px;">$</div><div id="a12977_1_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:11px;top:253px;">8.5</div><div id="a12977_4_123" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:28px;top:253px;"><div style="display:inline-block;width:6px"> </div>million<div style="display:inline-block;width:6px"> </div>deferred<div style="display:inline-block;width:6px"> </div>tax<div style="display:inline-block;width:6px"> </div>liability<div style="display:inline-block;width:6px"> </div>for<div style="display:inline-block;width:6px"> </div>the<div style="display:inline-block;width:6px"> </div>difference<div style="display:inline-block;width:6px"> </div>in<div style="display:inline-block;width:6px"> </div>the<div style="display:inline-block;width:6px"> </div>inside-basis<div style="display:inline-block;width:6px"> </div>of<div style="display:inline-block;width:6px"> </div>the<div style="display:inline-block;width:6px"> </div>acquired<div style="display:inline-block;width:6px"> </div>assets<div style="display:inline-block;width:5px"> </div>and<div style="display:inline-block;width:6px"> </div>liabilities<div style="display:inline-block;width:6px"> </div>assumed.<div style="display:inline-block;width:6px"> </div>The </div><div id="a12983" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:268px;">recognition of deferred<div style="display:inline-block;width:5px"> </div>tax liabilities resulted in<div style="display:inline-block;width:5px"> </div>the recognition of goodwill.<div style="display:inline-block;width:5px"> </div>None of the goodwill<div style="display:inline-block;width:5px"> </div>recognized is expected<div style="display:inline-block;width:5px"> </div>to be </div><div id="a12986" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:284px;">deductible for income tax purposes.</div></div> 0.50 1700000 400 <div id="TextBlockContainer62" style="position:relative;line-height:normal;width:693px;height:330px;"><div id="div_60_XBRL_TS_421321ef650c46e0993774ffaa570248" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer61" style="position:relative;line-height:normal;width:693px;height:330px;"><div id="a12843" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:0px;">Cash consideration paid </div><div id="a12845" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:0px;">$ </div><div id="a12847" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:0px;">48,500</div><div id="a12852" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:34px;">Fair value of the Company's equity interest in Red River held before the business combination </div><div id="a12855" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:34px;">48,500</div><div id="a12861" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:70px;">$ </div><div id="a12863" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:70px;">97,000</div><div id="a12868" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:108px;">Recognized amounts of identifiable assets acquired and liabilities assumed </div><div id="a12876" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:142px;">Cash </div><div id="a12878" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:142px;">$ </div><div id="a12880" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:142px;">3,677</div><div id="a12882" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:159px;">Accounts receivable, net </div><div id="a12885" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:159px;">1,980</div><div id="a12887" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:176px;">Inventory </div><div id="a12890" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:176px;">8,789</div><div id="a12892" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:193px;">Property, plant and equipment </div><div id="a12895" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:193px;">85,002</div><div id="a12897" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:210px;">Liabilities assumed </div><div id="a12900" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:650px;top:210px;display:flex;">(2,448)</div><div id="a12902" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:227px;">Deferred income taxes </div><div id="a12905" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:650px;top:227px;display:flex;">(8,481)</div><div id="a12907" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:244px;">Total identifiable<div style="display:inline-block;width:5px"> </div>net assets </div><div id="a12911" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:244px;">88,519</div><div id="a12916" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:278px;">Goodwill </div><div id="a12919" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:278px;">8,481</div><div id="a12925" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:314px;">$ </div><div id="a12927" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:314px;">97,000</div></div></div></div> 48500000 48500000 97000000 3677000 1980000 8789000 85002000 2448000 8481000 88519000 8481000 97000000 4500000 0.50 8300000 7300000 955000 8500000 <div id="TextBlockContainer66" style="position:relative;line-height:normal;width:616px;height:47px;"><div id="a12992" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:bold;font-style:normal;color:#000000;left:4px;top:0px;">Note 3 - Investment Securities </div><div id="a13000" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">The following presents the Company’s<div style="display:inline-block;width:5px"> </div>investment securities as of June 3, 2023 and May 28, 2022 (in thousands):</div></div><div id="TextBlockContainer70" style="position:relative;line-height:normal;width:688px;height:223px;"><div id="div_68_XBRL_TS_d59ac0ac101c4a5283741462ea618ca4" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer69" style="position:relative;line-height:normal;width:688px;height:223px;"><div id="a13010" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:15px;">June 3, 2023 </div><div id="a13013" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:290px;top:0px;">Amortized<div style="display:inline-block;width:4px"> </div></div><div id="a13015" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:307px;top:15px;">Cost </div><div id="a13018" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:397px;top:0px;">Unrealized<div style="display:inline-block;width:4px"> </div></div><div id="a13020" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:410px;top:15px;">Gains </div><div id="a13023" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:504px;top:0px;">Unrealized </div><div id="a13024" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:515px;top:15px;">Losses </div><div id="a13027" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:601px;top:0px;">Estimated Fair </div><div id="a13028" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:624px;top:15px;">Value </div><div id="a13030" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:33px;">Municipal bonds </div><div id="a13033" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:270px;top:33px;">$ </div><div id="a13035" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:327px;top:33px;">16,571</div><div id="a13038" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:377px;top:33px;">$ </div><div id="a13040" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:457px;top:33px;">—</div><div id="a13043" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:33px;">$ </div><div id="a13045" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:558px;top:33px;">275</div><div id="a13048" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:33px;">$ </div><div id="a13050" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:33px;">16,296</div><div id="a13052" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:50px;">Commercial paper </div><div id="a13056" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:327px;top:50px;">56,486</div><div id="a13060" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:457px;top:50px;">—</div><div id="a13064" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:50px;">77</div><div id="a13068" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:50px;">56,409</div><div id="a13070" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:67px;">Corporate bonds </div><div id="a13074" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:320px;top:67px;">139,979</div><div id="a13078" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:457px;top:67px;">—</div><div id="a13082" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:547px;top:67px;">1,402</div><div id="a13086" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:641px;top:67px;">138,577</div><div id="a13088" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:84px;">Certificates of deposits </div><div id="a13092" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:343px;top:84px;">675</div><div id="a13096" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:457px;top:84px;">—</div><div id="a13100" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:84px;">—</div><div id="a13104" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:664px;top:84px;">675</div><div id="a13106" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:101px;">US government and agency obligations </div><div id="a13110" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:320px;top:101px;">101,240</div><div id="a13114" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:457px;top:101px;">—</div><div id="a13118" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:558px;top:101px;">471</div><div id="a13122" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:641px;top:101px;">100,769</div><div id="a13124" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:118px;">Asset backed securities </div><div id="a13128" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:327px;top:118px;">13,459</div><div id="a13132" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:457px;top:118px;">—</div><div id="a13136" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:558px;top:118px;">151</div><div id="a13140" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:118px;">13,308</div><div id="a13142" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:135px;">Treasury bills </div><div id="a13146" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:327px;top:135px;">29,069</div><div id="a13150" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:457px;top:135px;">—</div><div id="a13154" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:135px;">13</div><div id="a13158" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:135px;">29,056</div><div id="a13160" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:154px;">Total current<div style="display:inline-block;width:5px"> </div>investment securities </div><div id="a13164" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:270px;top:154px;">$ </div><div id="a13166" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:320px;top:154px;">357,479</div><div id="a13169" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:377px;top:154px;">$ </div><div id="a13171" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:457px;top:154px;">—</div><div id="a13174" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:154px;">$ </div><div id="a13176" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:547px;top:154px;">2,389</div><div id="a13179" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:154px;">$ </div><div id="a13181" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:641px;top:154px;">355,090</div><div id="a13196" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:189px;">Mutual funds </div><div id="a13199" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:270px;top:189px;">$ </div><div id="a13201" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:333px;top:189px;">2,172</div><div id="a13204" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:377px;top:189px;">$ </div><div id="a13206" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:457px;top:189px;">—</div><div id="a13209" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:189px;">$ </div><div id="a13211" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:189px;">91</div><div id="a13214" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:189px;">$ </div><div id="a13216" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:189px;">2,081</div><div id="a13218" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:207px;">Total noncurrent<div style="display:inline-block;width:5px"> </div>investment securities </div><div id="a13221" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:270px;top:207px;">$ </div><div id="a13223" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:333px;top:207px;">2,172</div><div id="a13226" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:377px;top:207px;">$ </div><div id="a13228" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:457px;top:207px;">—</div><div id="a13231" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:207px;">$ </div><div id="a13233" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:207px;">91</div><div id="a13236" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:207px;">$ </div><div id="a13238" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:207px;">2,081</div></div></div></div><div id="TextBlockContainer73" style="position:relative;line-height:normal;width:688px;height:206px;"><div id="a13241" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:15px;">May 28, 2022 </div><div id="a13244" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:290px;top:0px;">Amortized </div><div id="a13246" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:307px;top:15px;">Cost </div><div id="a13249" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:397px;top:0px;">Unrealized<div style="display:inline-block;width:4px"> </div></div><div id="a13251" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:410px;top:15px;">Gains </div><div id="a13254" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:504px;top:0px;">Unrealized<div style="display:inline-block;width:4px"> </div></div><div id="a13256" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:515px;top:15px;">Losses </div><div id="a13259" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:601px;top:0px;">Estimated Fair </div><div id="a13261" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:624px;top:15px;">Value </div><div id="a13263" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:33px;">Municipal bonds </div><div id="a13266" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:270px;top:33px;">$ </div><div id="a13268" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:327px;top:33px;">10,136</div><div id="a13271" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:377px;top:33px;">$ </div><div id="a13273" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:457px;top:33px;">—</div><div id="a13276" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:33px;">$ </div><div id="a13278" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:33px;">32</div><div id="a13281" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:33px;">$ </div><div id="a13283" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:33px;">10,104</div><div id="a13285" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:50px;">Commercial paper </div><div id="a13289" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:327px;top:50px;">14,940</div><div id="a13293" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:457px;top:50px;">—</div><div id="a13297" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:50px;">72</div><div id="a13301" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:50px;">14,868</div><div id="a13303" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:67px;">Corporate bonds </div><div id="a13307" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:327px;top:67px;">74,167</div><div id="a13311" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:457px;top:67px;">—</div><div id="a13315" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:558px;top:67px;">483</div><div id="a13319" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:67px;">73,684</div><div id="a13321" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:84px;">Certificates of deposits </div><div id="a13325" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:333px;top:84px;">1,263</div><div id="a13329" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:457px;top:84px;">—</div><div id="a13333" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:84px;">18</div><div id="a13337" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:84px;">1,245</div><div id="a13339" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:101px;">US government and agency obligations </div><div id="a13343" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:333px;top:101px;">2,205</div><div id="a13347" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:464px;top:101px;">4</div><div id="a13351" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:101px;">—</div><div id="a13355" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:101px;">2,209</div><div id="a13357" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:118px;">Asset backed securities </div><div id="a13361" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:327px;top:118px;">13,456</div><div id="a13365" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:457px;top:118px;">—</div><div id="a13369" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:558px;top:118px;">137</div><div id="a13373" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:118px;">13,319</div><div id="a13375" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:137px;">Total current<div style="display:inline-block;width:5px"> </div>investment securities </div><div id="a13378" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:270px;top:137px;">$ </div><div id="a13380" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:320px;top:137px;">116,167</div><div id="a13383" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:377px;top:137px;">$ </div><div id="a13385" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:464px;top:137px;">4</div><div id="a13388" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:137px;">$ </div><div id="a13390" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:558px;top:137px;">742</div><div id="a13393" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:137px;">$ </div><div id="a13395" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:641px;top:137px;">115,429</div><div id="a13411" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:172px;">Mutual funds </div><div id="a13414" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:270px;top:172px;">$ </div><div id="a13416" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:333px;top:172px;">3,826</div><div id="a13419" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:377px;top:172px;">$ </div><div id="a13421" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:457px;top:172px;">—</div><div id="a13424" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:172px;">$ </div><div id="a13426" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:172px;">74</div><div id="a13429" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:172px;">$ </div><div id="a13431" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:172px;">3,752</div><div id="a13433" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:190px;">Total noncurrent<div style="display:inline-block;width:5px"> </div>investment securities </div><div id="a13436" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:270px;top:190px;">$ </div><div id="a13438" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:333px;top:190px;">3,826</div><div id="a13441" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:377px;top:190px;">$ </div><div id="a13443" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:457px;top:190px;">—</div><div id="a13446" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:190px;">$ </div><div id="a13448" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:190px;">74</div><div id="a13451" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:190px;">$ </div><div id="a13453" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:190px;">3,752</div></div><div id="TextBlockContainer76" style="position:relative;line-height:normal;width:697px;height:158px;"><div id="a13456" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:0px;">Available-for-sale </div><div id="a13463" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">Proceeds<div style="display:inline-block;width:5px"> </div>from<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>sales and<div style="display:inline-block;width:6px"> </div>maturities<div style="display:inline-block;width:5px"> </div>of<div style="display:inline-block;width:5px"> </div>available-for-sale<div style="display:inline-block;width:5px"> </div>securities<div style="display:inline-block;width:5px"> </div>were<div style="display:inline-block;width:5px"> </div>$</div><div id="a13463_78_5" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:427px;top:32px;">291.8</div><div id="a13463_83_11" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:457px;top:32px;"><div style="display:inline-block;width:3px"> </div>million,<div style="display:inline-block;width:5px"> </div>$</div><div id="a13463_94_4" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:513px;top:32px;">92.7</div><div id="a13463_98_15" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:537px;top:32px;"><div style="display:inline-block;width:3px"> </div>million,<div style="display:inline-block;width:5px"> </div>and $</div><div id="a13463_113_5" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:617px;top:32px;">129.1</div><div id="a13463_118_9" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:647px;top:32px;"><div style="display:inline-block;width:3px"> </div>million </div><div id="a13482" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">during fiscal 2023, 2022,<div style="display:inline-block;width:5px"> </div>and 2021, respectively.<div style="display:inline-block;width:5px"> </div>Gross realized gains for<div style="display:inline-block;width:5px"> </div>fiscal 2023, 2022, and<div style="display:inline-block;width:5px"> </div>2021 were $</div><div id="a13482_109_2" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:590px;top:47px;">51</div><div id="a13482_111_12" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:603px;top:47px;"><div style="display:inline-block;width:4px"> </div>thousand, $</div><div id="a13482_123_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:669px;top:47px;">181</div><div id="a13503" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">thousand,<div style="display:inline-block;width:6px"> </div>and<div style="display:inline-block;width:6px"> </div>$</div><div id="a13503_15_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:93px;top:63px;">456</div><div id="a13503_18_85" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:113px;top:63px;"><div style="display:inline-block;width:6px"> </div>thousand,<div style="display:inline-block;width:6px"> </div>respectively.<div style="display:inline-block;width:7px"> </div>Gross<div style="display:inline-block;width:5px"> </div>realized<div style="display:inline-block;width:6px"> </div>losses<div style="display:inline-block;width:6px"> </div>for<div style="display:inline-block;width:6px"> </div>fiscal<div style="display:inline-block;width:6px"> </div>2023,<div style="display:inline-block;width:6px"> </div>2022,<div style="display:inline-block;width:6px"> </div>and<div style="display:inline-block;width:6px"> </div>2021<div style="display:inline-block;width:6px"> </div>were<div style="display:inline-block;width:6px"> </div>$</div><div id="a13503_103_2" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:593px;top:63px;">87</div><div id="a13503_105_12" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:606px;top:63px;"><div style="display:inline-block;width:6px"> </div>thousand,<div style="display:inline-block;width:6px"> </div>$</div><div id="a13503_117_2" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:675px;top:63px;">76</div><div id="a13523" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:79px;">thousand, and $</div><div id="a13523_15_2" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:89px;top:79px;">19</div><div id="a13523_17_35" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:102px;top:79px;"><div style="display:inline-block;width:3px"> </div>thousand, respectively. There<div style="display:inline-block;width:5px"> </div>was </div><div id="a13523_52_2" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:290px;top:79px;">no</div><div id="a13523_54_63" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:303px;top:79px;"><div style="display:inline-block;width:3px"> </div>allowance for credit losses at June 3, 2023 and May 28, 2022. </div><div id="a13539" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:111px;">Actual maturities may differ from contractual maturities because some<div style="display:inline-block;width:2px"> </div>borrowers have the right to<div style="display:inline-block;width:2px"> </div>call or prepay obligations with </div><div id="a13541" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:126px;">or<div style="display:inline-block;width:6px"> </div>without<div style="display:inline-block;width:6px"> </div>call<div style="display:inline-block;width:6px"> </div>or<div style="display:inline-block;width:6px"> </div>prepayment<div style="display:inline-block;width:6px"> </div>penalties.<div style="display:inline-block;width:6px"> </div>Contractual<div style="display:inline-block;width:6px"> </div>maturities<div style="display:inline-block;width:6px"> </div>of<div style="display:inline-block;width:6px"> </div>investment<div style="display:inline-block;width:6px"> </div>securities<div style="display:inline-block;width:6px"> </div>at<div style="display:inline-block;width:6px"> </div>June<div style="display:inline-block;width:6px"> </div>3,<div style="display:inline-block;width:6px"> </div>2023<div style="display:inline-block;width:6px"> </div>are<div style="display:inline-block;width:6px"> </div>as<div style="display:inline-block;width:5px"> </div>follows<div style="display:inline-block;width:6px"> </div>(in </div><div id="a13545" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:142px;">thousands):</div></div><div id="TextBlockContainer80" style="position:relative;line-height:normal;width:688px;height:69px;"><div id="div_78_XBRL_TS_128b33dd665e41ac86abc4506f202627" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer79" style="position:relative;line-height:normal;width:688px;height:69px;"><div id="a13551" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:566px;top:0px;">Estimated Fair Value </div><div id="a13553" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:17px;">Within one year </div><div id="a13556" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:557px;top:17px;">$ </div><div id="a13558" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:641px;top:17px;">269,830</div><div id="a13560" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:34px;">1-5 years </div><div id="a13566" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:34px;">85,260</div><div id="a13568" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:53px;">Total </div><div id="a13571" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:557px;top:53px;">$ </div><div id="a13573" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:641px;top:53px;">355,090</div></div></div></div><div id="TextBlockContainer82" style="position:relative;line-height:normal;width:697px;height:95px;"><div id="a13576" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:0px;">Noncurrent<div style="display:inline-block;width:4px"> </div></div><div id="a13579" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">Proceeds from sales and maturities of noncurrent investment securities were $</div><div id="a13579_77_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:418px;top:32px;">1.7</div><div id="a13579_80_11" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:435px;top:32px;"><div style="display:inline-block;width:3px"> </div>million, $</div><div id="a13579_91_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:489px;top:32px;">4.9</div><div id="a13579_94_15" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:506px;top:32px;"><div style="display:inline-block;width:3px"> </div>million, and $</div><div id="a13579_109_2" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:583px;top:32px;">54</div><div id="a13579_111_18" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:596px;top:32px;"><div style="display:inline-block;width:3px"> </div>thousand, during </div><div id="a13598" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">fiscal 2023,<div style="display:inline-block;width:5px"> </div>2022 and<div style="display:inline-block;width:5px"> </div>2021, respectively.<div style="display:inline-block;width:6px"> </div>Gross realized gains<div style="display:inline-block;width:5px"> </div>on those sales<div style="display:inline-block;width:5px"> </div>and maturities<div style="display:inline-block;width:5px"> </div>during fiscal<div style="display:inline-block;width:5px"> </div>2023,<div style="display:inline-block;width:4px"> </div>2022 and 2021 </div><div id="a13608" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">were $</div><div id="a13608_6_1" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:42px;top:63px;">6</div><div id="a13608_7_12" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:48px;top:63px;"><div style="display:inline-block;width:4px"> </div>thousand, $</div><div id="a13608_19_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:115px;top:63px;">2.2</div><div id="a13608_22_14" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:132px;top:63px;"><div style="display:inline-block;width:4px"> </div>million and<div style="display:inline-block;width:6px"> </div>$</div><div id="a13608_36_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:209px;top:63px;">611</div><div id="a13608_39_72" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:229px;top:63px;"><div style="display:inline-block;width:4px"> </div>thousand, respectively.<div style="display:inline-block;width:6px"> </div>Gross realized<div style="display:inline-block;width:6px"> </div>losses during<div style="display:inline-block;width:6px"> </div>fiscal 2023<div style="display:inline-block;width:6px"> </div>were $</div><div id="a13608_111_2" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:619px;top:63px;">66</div><div id="a13608_113_11" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:633px;top:63px;"><div style="display:inline-block;width:4px"> </div>thousand. </div><div id="a13626" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:79px;">There were </div><div id="a13626_11_2" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:68px;top:79px;">no</div><div id="a13626_13_42" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:82px;top:79px;"><div style="display:inline-block;width:3px"> </div>realized losses for fiscal 2022 and 2021.</div></div> <div id="TextBlockContainer69" style="position:relative;line-height:normal;width:688px;height:223px;"><div id="a13010" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:15px;">June 3, 2023 </div><div id="a13013" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:290px;top:0px;">Amortized<div style="display:inline-block;width:4px"> </div></div><div id="a13015" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:307px;top:15px;">Cost </div><div id="a13018" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:397px;top:0px;">Unrealized<div style="display:inline-block;width:4px"> </div></div><div id="a13020" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:410px;top:15px;">Gains </div><div id="a13023" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:504px;top:0px;">Unrealized </div><div id="a13024" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:515px;top:15px;">Losses </div><div id="a13027" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:601px;top:0px;">Estimated Fair </div><div id="a13028" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:624px;top:15px;">Value </div><div id="a13030" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:33px;">Municipal bonds </div><div id="a13033" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:270px;top:33px;">$ </div><div id="a13035" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:327px;top:33px;">16,571</div><div id="a13038" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:377px;top:33px;">$ </div><div id="a13040" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:457px;top:33px;">—</div><div id="a13043" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:33px;">$ </div><div id="a13045" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:558px;top:33px;">275</div><div id="a13048" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:33px;">$ </div><div id="a13050" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:33px;">16,296</div><div id="a13052" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:50px;">Commercial paper </div><div id="a13056" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:327px;top:50px;">56,486</div><div id="a13060" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:457px;top:50px;">—</div><div id="a13064" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:50px;">77</div><div id="a13068" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:50px;">56,409</div><div id="a13070" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:67px;">Corporate bonds </div><div id="a13074" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:320px;top:67px;">139,979</div><div id="a13078" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:457px;top:67px;">—</div><div id="a13082" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:547px;top:67px;">1,402</div><div id="a13086" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:641px;top:67px;">138,577</div><div id="a13088" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:84px;">Certificates of deposits </div><div id="a13092" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:343px;top:84px;">675</div><div id="a13096" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:457px;top:84px;">—</div><div id="a13100" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:84px;">—</div><div id="a13104" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:664px;top:84px;">675</div><div id="a13106" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:101px;">US government and agency obligations </div><div id="a13110" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:320px;top:101px;">101,240</div><div id="a13114" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:457px;top:101px;">—</div><div id="a13118" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:558px;top:101px;">471</div><div id="a13122" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:641px;top:101px;">100,769</div><div id="a13124" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:118px;">Asset backed securities </div><div id="a13128" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:327px;top:118px;">13,459</div><div id="a13132" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:457px;top:118px;">—</div><div id="a13136" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:558px;top:118px;">151</div><div id="a13140" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:118px;">13,308</div><div id="a13142" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:135px;">Treasury bills </div><div id="a13146" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:327px;top:135px;">29,069</div><div id="a13150" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:457px;top:135px;">—</div><div id="a13154" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:135px;">13</div><div id="a13158" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:135px;">29,056</div><div id="a13160" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:154px;">Total current<div style="display:inline-block;width:5px"> </div>investment securities </div><div id="a13164" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:270px;top:154px;">$ </div><div id="a13166" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:320px;top:154px;">357,479</div><div id="a13169" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:377px;top:154px;">$ </div><div id="a13171" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:457px;top:154px;">—</div><div id="a13174" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:154px;">$ </div><div id="a13176" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:547px;top:154px;">2,389</div><div id="a13179" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:154px;">$ </div><div id="a13181" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:641px;top:154px;">355,090</div><div id="a13196" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:189px;">Mutual funds </div><div id="a13199" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:270px;top:189px;">$ </div><div id="a13201" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:333px;top:189px;">2,172</div><div id="a13204" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:377px;top:189px;">$ </div><div id="a13206" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:457px;top:189px;">—</div><div id="a13209" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:189px;">$ </div><div id="a13211" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:189px;">91</div><div id="a13214" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:189px;">$ </div><div id="a13216" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:189px;">2,081</div><div id="a13218" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:207px;">Total noncurrent<div style="display:inline-block;width:5px"> </div>investment securities </div><div id="a13221" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:270px;top:207px;">$ </div><div id="a13223" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:333px;top:207px;">2,172</div><div id="a13226" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:377px;top:207px;">$ </div><div id="a13228" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:457px;top:207px;">—</div><div id="a13231" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:207px;">$ </div><div id="a13233" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:207px;">91</div><div id="a13236" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:207px;">$ </div><div id="a13238" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:207px;">2,081</div></div><div id="TextBlockContainer74" style="position:relative;line-height:normal;width:688px;height:206px;"><div id="div_72_XBRL_TS_5410e11f892049a3994510cbc7f256f0" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer73" style="position:relative;line-height:normal;width:688px;height:206px;"><div id="a13241" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:15px;">May 28, 2022 </div><div id="a13244" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:290px;top:0px;">Amortized </div><div id="a13246" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:307px;top:15px;">Cost </div><div id="a13249" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:397px;top:0px;">Unrealized<div style="display:inline-block;width:4px"> </div></div><div id="a13251" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:410px;top:15px;">Gains </div><div id="a13254" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:504px;top:0px;">Unrealized<div style="display:inline-block;width:4px"> </div></div><div id="a13256" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:515px;top:15px;">Losses </div><div id="a13259" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:601px;top:0px;">Estimated Fair </div><div id="a13261" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:624px;top:15px;">Value </div><div id="a13263" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:33px;">Municipal bonds </div><div id="a13266" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:270px;top:33px;">$ </div><div id="a13268" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:327px;top:33px;">10,136</div><div id="a13271" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:377px;top:33px;">$ </div><div id="a13273" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:457px;top:33px;">—</div><div id="a13276" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:33px;">$ </div><div id="a13278" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:33px;">32</div><div id="a13281" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:33px;">$ </div><div id="a13283" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:33px;">10,104</div><div id="a13285" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:50px;">Commercial paper </div><div id="a13289" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:327px;top:50px;">14,940</div><div id="a13293" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:457px;top:50px;">—</div><div id="a13297" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:50px;">72</div><div id="a13301" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:50px;">14,868</div><div id="a13303" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:67px;">Corporate bonds </div><div id="a13307" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:327px;top:67px;">74,167</div><div id="a13311" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:457px;top:67px;">—</div><div id="a13315" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:558px;top:67px;">483</div><div id="a13319" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:67px;">73,684</div><div id="a13321" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:84px;">Certificates of deposits </div><div id="a13325" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:333px;top:84px;">1,263</div><div id="a13329" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:457px;top:84px;">—</div><div id="a13333" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:84px;">18</div><div id="a13337" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:84px;">1,245</div><div id="a13339" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:101px;">US government and agency obligations </div><div id="a13343" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:333px;top:101px;">2,205</div><div id="a13347" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:464px;top:101px;">4</div><div id="a13351" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:101px;">—</div><div id="a13355" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:101px;">2,209</div><div id="a13357" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:118px;">Asset backed securities </div><div id="a13361" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:327px;top:118px;">13,456</div><div id="a13365" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:457px;top:118px;">—</div><div id="a13369" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:558px;top:118px;">137</div><div id="a13373" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:118px;">13,319</div><div id="a13375" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:137px;">Total current<div style="display:inline-block;width:5px"> </div>investment securities </div><div id="a13378" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:270px;top:137px;">$ </div><div id="a13380" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:320px;top:137px;">116,167</div><div id="a13383" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:377px;top:137px;">$ </div><div id="a13385" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:464px;top:137px;">4</div><div id="a13388" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:137px;">$ </div><div id="a13390" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:558px;top:137px;">742</div><div id="a13393" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:137px;">$ </div><div id="a13395" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:641px;top:137px;">115,429</div><div id="a13411" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:172px;">Mutual funds </div><div id="a13414" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:270px;top:172px;">$ </div><div id="a13416" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:333px;top:172px;">3,826</div><div id="a13419" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:377px;top:172px;">$ </div><div id="a13421" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:457px;top:172px;">—</div><div id="a13424" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:172px;">$ </div><div id="a13426" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:172px;">74</div><div id="a13429" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:172px;">$ </div><div id="a13431" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:172px;">3,752</div><div id="a13433" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:190px;">Total noncurrent<div style="display:inline-block;width:5px"> </div>investment securities </div><div id="a13436" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:270px;top:190px;">$ </div><div id="a13438" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:333px;top:190px;">3,826</div><div id="a13441" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:377px;top:190px;">$ </div><div id="a13443" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:457px;top:190px;">—</div><div id="a13446" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:190px;">$ </div><div id="a13448" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:190px;">74</div><div id="a13451" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:190px;">$ </div><div id="a13453" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:190px;">3,752</div></div></div></div> 16571000 0 275000 16296000 56486000 0 77000 56409000 139979000 0 1402000 138577000 675000 0 0 675000 101240000 0 471000 100769000 13459000 0 151000 13308000 29069000 0 13000 29056000 357479000 0 2389000 355090000 2172000 0 91000 2081000 2172000 0 91000 2081000 10136000 0 32000 10104000 14940000 0 72000 14868000 74167000 0 483000 73684000 1263000 0 18000 1245000 2205000 4000 0 2209000 13456000 0 137000 13319000 116167000 4000 742000 115429000 3826000 0 74000 3752000 3826000 0 74000 3752000 291800000 92700000 129100000 51000 181000 456000 87000 76000 19000 0 0 <div id="TextBlockContainer79" style="position:relative;line-height:normal;width:688px;height:69px;"><div id="a13551" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:566px;top:0px;">Estimated Fair Value </div><div id="a13553" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:17px;">Within one year </div><div id="a13556" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:557px;top:17px;">$ </div><div id="a13558" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:641px;top:17px;">269,830</div><div id="a13560" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:34px;">1-5 years </div><div id="a13566" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:34px;">85,260</div><div id="a13568" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:53px;">Total </div><div id="a13571" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:557px;top:53px;">$ </div><div id="a13573" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:641px;top:53px;">355,090</div></div> 269830000 85260000 355090000 1700000 4900000 54000 6000 2200000 611000 66000 0 0 <div id="TextBlockContainer86" style="position:relative;line-height:normal;width:697px;height:460px;"><div id="a13635" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:bold;font-style:normal;color:#000000;left:4px;top:0px;">Note 4 - Fair Value<div style="display:inline-block;width:5px"> </div>Measures </div><div id="div_84_XBRL_TS_ec009382525144768e4fc2680f3ac2c7" style="position:absolute;left:0px;top:32px;float:left;"><div id="TextBlockContainer85" style="position:relative;line-height:normal;width:697px;height:350px;"><div id="a13643" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:0px;">The Company<div style="display:inline-block;width:6px"> </div>is required<div style="display:inline-block;width:5px"> </div>to categorize<div style="display:inline-block;width:5px"> </div>both financial<div style="display:inline-block;width:6px"> </div>and nonfinancial<div style="display:inline-block;width:6px"> </div>assets and<div style="display:inline-block;width:5px"> </div>liabilities based<div style="display:inline-block;width:5px"> </div>on the<div style="display:inline-block;width:6px"> </div>following fair<div style="display:inline-block;width:5px"> </div>value </div><div id="a13645" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:16px;">hierarchy. The<div style="display:inline-block;width:6px"> </div>fair value<div style="display:inline-block;width:5px"> </div>of an<div style="display:inline-block;width:5px"> </div>asset is<div style="display:inline-block;width:5px"> </div>the price<div style="display:inline-block;width:6px"> </div>at which<div style="display:inline-block;width:6px"> </div>the asset<div style="display:inline-block;width:6px"> </div>could be<div style="display:inline-block;width:6px"> </div>sold in<div style="display:inline-block;width:5px"> </div>an orderly<div style="display:inline-block;width:6px"> </div>transaction between<div style="display:inline-block;width:6px"> </div>unrelated, </div><div id="a13648" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">knowledgeable, and willing<div style="display:inline-block;width:5px"> </div>parties able to engage in<div style="display:inline-block;width:5px"> </div>the transaction. A liability’s<div style="display:inline-block;width:5px"> </div>fair value is defined<div style="display:inline-block;width:5px"> </div>as the amount that would </div><div id="a13650" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">be paid to transfer the liability to a new obligor in a transaction between such parties, not the amount that would be<div style="display:inline-block;width:5px"> </div>paid to settle </div><div id="a13652" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">the liability with the creditor. </div><div id="a13655" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:52px;top:96px;">●</div><div id="a13657" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:76px;top:96px;">Level 1</div><div id="a13658" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:115px;top:96px;"><div style="display:inline-block;width:3px"> </div>- Quoted prices in active markets for identical assets or liabilities </div><div id="a13664" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:52px;top:128px;">●</div><div id="a13666" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:76px;top:128px;">Level 2</div><div id="a13667" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:116px;top:128px;"><div style="display:inline-block;width:4px"> </div>- Inputs<div style="display:inline-block;width:6px"> </div>other than<div style="display:inline-block;width:6px"> </div>quoted<div style="display:inline-block;width:5px"> </div>prices included<div style="display:inline-block;width:6px"> </div>in Level<div style="display:inline-block;width:6px"> </div>1 that<div style="display:inline-block;width:6px"> </div>are observable<div style="display:inline-block;width:6px"> </div>for the<div style="display:inline-block;width:6px"> </div>asset or<div style="display:inline-block;width:6px"> </div>liability,<div style="display:inline-block;width:6px"> </div>either </div><div id="a13671" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:76px;top:144px;">directly or indirectly,<div style="display:inline-block;width:5px"> </div>including: </div><div id="a13674" style="position:absolute;font-family:'Courier New';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:100px;top:161px;">o</div><div id="a13676" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:124px;top:160px;">Quoted prices for similar assets or liabilities in active markets </div><div id="a13678" style="position:absolute;font-family:'Courier New';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:100px;top:177px;">o</div><div id="a13680" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:124px;top:176px;">Quoted prices for identical or similar assets in non-active markets </div><div id="a13684" style="position:absolute;font-family:'Courier New';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:100px;top:192px;">o</div><div id="a13686" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:124px;top:191px;">Inputs other than quoted prices that are observable for the asset or liability </div><div id="a13688" style="position:absolute;font-family:'Courier New';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:100px;top:208px;">o</div><div id="a13690" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:124px;top:207px;">Inputs derived principally<div style="display:inline-block;width:4px"> </div>from or corroborated by other observable market data </div><div id="a13694" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:52px;top:240px;">●</div><div id="a13696" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:76px;top:240px;">Level 3</div><div id="a13697" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:116px;top:240px;"><div style="display:inline-block;width:4px"> </div>- Unobservable inputs<div style="display:inline-block;width:5px"> </div>for the asset<div style="display:inline-block;width:5px"> </div>or liability supported<div style="display:inline-block;width:5px"> </div>by little or<div style="display:inline-block;width:5px"> </div>no market activity<div style="display:inline-block;width:5px"> </div>and are significant </div><div id="a13701" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:76px;top:255px;">to the fair value of the assets or liabilities </div><div id="a13703" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:271px;"><div style="display:inline-block;width:3px"> </div></div><div id="a13705" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:287px;">The disclosure of fair value of certain financial assets and liabilities recorded<div style="display:inline-block;width:5px"> </div>at cost are as follows: </div><div id="a13709" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:319px;">Cash and cash equivalents, accounts receivable,<div style="display:inline-block;width:5px"> </div>and accounts payable:</div><div id="a13710" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:388px;top:319px;"><div style="display:inline-block;width:3px"> </div>The carrying amount approximates fair value due to the </div><div id="a13712" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:334px;">short maturity of these instruments.</div></div></div><div id="a13715" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:398px;">Assets and Liabilities Measured at Fair<div style="display:inline-block;width:5px"> </div>Value<div style="display:inline-block;width:5px"> </div>on a Recurring Basis </div><div id="a13719" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:429px;">In accordance with<div style="display:inline-block;width:5px"> </div>the fair value hierarchy<div style="display:inline-block;width:5px"> </div>described above, the<div style="display:inline-block;width:5px"> </div>following table shows the<div style="display:inline-block;width:5px"> </div>fair value of our<div style="display:inline-block;width:5px"> </div>financial assets and </div><div id="a13722" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:445px;">liabilities that are required to be measured at fair value on a recurring<div style="display:inline-block;width:5px"> </div>basis as of June 3, 2023 and May 28, 2022 (in thousands):</div></div><div id="TextBlockContainer89" style="position:relative;line-height:normal;width:687px;height:187px;"><div id="a13729" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:0px;">June 3, 2023 </div><div id="a13732" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:299px;top:0px;">Level 1 </div><div id="a13735" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:406px;top:0px;">Level 2 </div><div id="a13738" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:513px;top:0px;">Level 3 </div><div id="a13741" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:618px;top:0px;">Balance </div><div id="a13743" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:17px;">Assets </div><div id="a13757" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:34px;">Municipal bonds </div><div id="a13760" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:270px;top:34px;">$ </div><div id="a13762" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:350px;top:34px;">—</div><div id="a13765" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:377px;top:34px;">$ </div><div id="a13767" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:434px;top:34px;">16,296</div><div id="a13770" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:34px;">$ </div><div id="a13772" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:34px;">—</div><div id="a13775" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:34px;">$ </div><div id="a13777" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:34px;">16,296</div><div id="a13779" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:51px;">Commercial paper </div><div id="a13783" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:350px;top:51px;">—</div><div id="a13787" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:434px;top:51px;">56,409</div><div id="a13791" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:51px;">—</div><div id="a13795" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:51px;">56,409</div><div id="a13797" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:68px;">Corporate bonds </div><div id="a13801" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:350px;top:68px;">—</div><div id="a13805" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:427px;top:68px;">138,577</div><div id="a13809" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:68px;">—</div><div id="a13813" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:641px;top:68px;">138,577</div><div id="a13815" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:85px;">Certificates of deposits </div><div id="a13819" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:350px;top:85px;">—</div><div id="a13823" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:450px;top:85px;">675</div><div id="a13827" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:85px;">—</div><div id="a13831" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:664px;top:85px;">675</div><div id="a13833" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:102px;">US government and agency obligations </div><div id="a13837" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:350px;top:102px;">—</div><div id="a13841" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:427px;top:102px;">100,769</div><div id="a13845" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:102px;">—</div><div id="a13849" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:641px;top:102px;">100,769</div><div id="a13851" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:119px;">Asset backed securities </div><div id="a13855" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:350px;top:119px;">—</div><div id="a13859" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:434px;top:119px;">13,308</div><div id="a13863" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:119px;">—</div><div id="a13867" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:119px;">13,308</div><div id="a13869" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:136px;">Treasury bills </div><div id="a13873" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:350px;top:136px;">—</div><div id="a13877" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:434px;top:136px;">29,056</div><div id="a13881" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:136px;">—</div><div id="a13885" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:136px;">29,056</div><div id="a13887" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:153px;">Mutual funds </div><div id="a13891" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:333px;top:153px;">2,081</div><div id="a13895" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:457px;top:153px;">—</div><div id="a13899" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:153px;">—</div><div id="a13903" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:153px;">2,081</div><div id="a13905" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:171px;">Total assets measured at fair<div style="display:inline-block;width:5px"> </div>value </div><div id="a13908" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:270px;top:171px;">$ </div><div id="a13910" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:333px;top:171px;">2,081</div><div id="a13913" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:377px;top:171px;">$ </div><div id="a13915" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:427px;top:171px;">355,090</div><div id="a13918" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:171px;">$ </div><div id="a13920" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:171px;">—</div><div id="a13923" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:171px;">$ </div><div id="a13925" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:641px;top:171px;">357,171</div></div><div id="TextBlockContainer94" style="position:relative;line-height:normal;width:687px;height:171px;"><div id="div_92_XBRL_TS_90ee22947c4045e5b10006425153b168" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer93" style="position:relative;line-height:normal;width:687px;height:171px;"><div id="a13928" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:0px;">May 28, 2022 </div><div id="a13931" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:299px;top:0px;">Level 1 </div><div id="a13934" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:406px;top:0px;">Level 2 </div><div id="a13937" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:513px;top:0px;">Level 3 </div><div id="a13940" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:618px;top:0px;">Balance </div><div id="a13942" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:18px;">Assets </div><div id="a13956" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:35px;">Municipal bonds </div><div id="a13959" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:270px;top:35px;">$ </div><div id="a13961" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:350px;top:35px;">—</div><div id="a13964" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:377px;top:35px;">$ </div><div id="a13966" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:434px;top:35px;">10,104</div><div id="a13969" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:35px;">$ </div><div id="a13971" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:35px;">—</div><div id="a13974" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:35px;">$ </div><div id="a13976" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:35px;">10,104</div><div id="a13978" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:52px;">Commercial paper </div><div id="a13983" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:350px;top:52px;">—</div><div id="a13987" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:434px;top:52px;">14,868</div><div id="a13991" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:52px;">—</div><div id="a13995" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:52px;">14,868</div><div id="a13997" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:69px;">Corporate bonds </div><div id="a14001" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:350px;top:69px;">—</div><div id="a14005" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:434px;top:69px;">73,684</div><div id="a14009" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:69px;">—</div><div id="a14013" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:69px;">73,684</div><div id="a14015" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:86px;">Certificates of deposits </div><div id="a14019" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:350px;top:86px;">—</div><div id="a14023" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:440px;top:86px;">1,245</div><div id="a14027" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:86px;">—</div><div id="a14031" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:86px;">1,245</div><div id="a14033" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:103px;">US government and agency obligations </div><div id="a14037" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:350px;top:103px;">—</div><div id="a14041" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:440px;top:103px;">2,209</div><div id="a14045" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:103px;">—</div><div id="a14049" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:103px;">2,209</div><div id="a14051" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:120px;">Asset backed securities </div><div id="a14055" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:350px;top:120px;">—</div><div id="a14059" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:434px;top:120px;">13,319</div><div id="a14063" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:120px;">—</div><div id="a14067" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:120px;">13,319</div><div id="a14069" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:137px;">Mutual funds </div><div id="a14073" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:333px;top:137px;">3,752</div><div id="a14077" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:457px;top:137px;">—</div><div id="a14081" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:137px;">—</div><div id="a14085" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:137px;">3,752</div><div id="a14087" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:155px;">Total assets measured at fair<div style="display:inline-block;width:5px"> </div>value </div><div id="a14090" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:270px;top:155px;">$ </div><div id="a14092" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:333px;top:155px;">3,752</div><div id="a14095" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:377px;top:155px;">$ </div><div id="a14097" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:427px;top:155px;">115,429</div><div id="a14100" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:155px;">$ </div><div id="a14102" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:155px;">—</div><div id="a14105" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:155px;">$ </div><div id="a14107" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:641px;top:155px;">119,181</div></div></div></div><div id="TextBlockContainer96" style="position:relative;line-height:normal;width:697px;height:47px;"><div id="a14110" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:0px;">Investment securities – available-for-sale<div style="display:inline-block;width:2px"> </div>classified as Level<div style="display:inline-block;width:2px"> </div>2 consist of<div style="display:inline-block;width:2px"> </div>securities with maturities of<div style="display:inline-block;width:2px"> </div>three months or longer<div style="display:inline-block;width:1px"> </div>when </div><div id="a14120" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:16px;">purchased. We<div style="display:inline-block;width:6px"> </div>classified these<div style="display:inline-block;width:5px"> </div>securities as<div style="display:inline-block;width:5px"> </div>current, because<div style="display:inline-block;width:5px"> </div>amounts invested<div style="display:inline-block;width:5px"> </div>are available<div style="display:inline-block;width:5px"> </div>for current<div style="display:inline-block;width:5px"> </div>operations. Observable </div><div id="a14122" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">inputs for these securities are yields, credit risks, default rates, and volatility.</div></div> <div id="TextBlockContainer85" style="position:relative;line-height:normal;width:697px;height:350px;"><div id="a13643" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:0px;">The Company<div style="display:inline-block;width:6px"> </div>is required<div style="display:inline-block;width:5px"> </div>to categorize<div style="display:inline-block;width:5px"> </div>both financial<div style="display:inline-block;width:6px"> </div>and nonfinancial<div style="display:inline-block;width:6px"> </div>assets and<div style="display:inline-block;width:5px"> </div>liabilities based<div style="display:inline-block;width:5px"> </div>on the<div style="display:inline-block;width:6px"> </div>following fair<div style="display:inline-block;width:5px"> </div>value </div><div id="a13645" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:16px;">hierarchy. The<div style="display:inline-block;width:6px"> </div>fair value<div style="display:inline-block;width:5px"> </div>of an<div style="display:inline-block;width:5px"> </div>asset is<div style="display:inline-block;width:5px"> </div>the price<div style="display:inline-block;width:6px"> </div>at which<div style="display:inline-block;width:6px"> </div>the asset<div style="display:inline-block;width:6px"> </div>could be<div style="display:inline-block;width:6px"> </div>sold in<div style="display:inline-block;width:5px"> </div>an orderly<div style="display:inline-block;width:6px"> </div>transaction between<div style="display:inline-block;width:6px"> </div>unrelated, </div><div id="a13648" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">knowledgeable, and willing<div style="display:inline-block;width:5px"> </div>parties able to engage in<div style="display:inline-block;width:5px"> </div>the transaction. A liability’s<div style="display:inline-block;width:5px"> </div>fair value is defined<div style="display:inline-block;width:5px"> </div>as the amount that would </div><div id="a13650" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">be paid to transfer the liability to a new obligor in a transaction between such parties, not the amount that would be<div style="display:inline-block;width:5px"> </div>paid to settle </div><div id="a13652" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">the liability with the creditor. </div><div id="a13655" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:52px;top:96px;">●</div><div id="a13657" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:76px;top:96px;">Level 1</div><div id="a13658" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:115px;top:96px;"><div style="display:inline-block;width:3px"> </div>- Quoted prices in active markets for identical assets or liabilities </div><div id="a13664" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:52px;top:128px;">●</div><div id="a13666" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:76px;top:128px;">Level 2</div><div id="a13667" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:116px;top:128px;"><div style="display:inline-block;width:4px"> </div>- Inputs<div style="display:inline-block;width:6px"> </div>other than<div style="display:inline-block;width:6px"> </div>quoted<div style="display:inline-block;width:5px"> </div>prices included<div style="display:inline-block;width:6px"> </div>in Level<div style="display:inline-block;width:6px"> </div>1 that<div style="display:inline-block;width:6px"> </div>are observable<div style="display:inline-block;width:6px"> </div>for the<div style="display:inline-block;width:6px"> </div>asset or<div style="display:inline-block;width:6px"> </div>liability,<div style="display:inline-block;width:6px"> </div>either </div><div id="a13671" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:76px;top:144px;">directly or indirectly,<div style="display:inline-block;width:5px"> </div>including: </div><div id="a13674" style="position:absolute;font-family:'Courier New';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:100px;top:161px;">o</div><div id="a13676" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:124px;top:160px;">Quoted prices for similar assets or liabilities in active markets </div><div id="a13678" style="position:absolute;font-family:'Courier New';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:100px;top:177px;">o</div><div id="a13680" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:124px;top:176px;">Quoted prices for identical or similar assets in non-active markets </div><div id="a13684" style="position:absolute;font-family:'Courier New';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:100px;top:192px;">o</div><div id="a13686" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:124px;top:191px;">Inputs other than quoted prices that are observable for the asset or liability </div><div id="a13688" style="position:absolute;font-family:'Courier New';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:100px;top:208px;">o</div><div id="a13690" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:124px;top:207px;">Inputs derived principally<div style="display:inline-block;width:4px"> </div>from or corroborated by other observable market data </div><div id="a13694" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:52px;top:240px;">●</div><div id="a13696" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:76px;top:240px;">Level 3</div><div id="a13697" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:116px;top:240px;"><div style="display:inline-block;width:4px"> </div>- Unobservable inputs<div style="display:inline-block;width:5px"> </div>for the asset<div style="display:inline-block;width:5px"> </div>or liability supported<div style="display:inline-block;width:5px"> </div>by little or<div style="display:inline-block;width:5px"> </div>no market activity<div style="display:inline-block;width:5px"> </div>and are significant </div><div id="a13701" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:76px;top:255px;">to the fair value of the assets or liabilities </div><div id="a13703" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:271px;"><div style="display:inline-block;width:3px"> </div></div><div id="a13705" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:287px;">The disclosure of fair value of certain financial assets and liabilities recorded<div style="display:inline-block;width:5px"> </div>at cost are as follows: </div><div id="a13709" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:319px;">Cash and cash equivalents, accounts receivable,<div style="display:inline-block;width:5px"> </div>and accounts payable:</div><div id="a13710" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:388px;top:319px;"><div style="display:inline-block;width:3px"> </div>The carrying amount approximates fair value due to the </div><div id="a13712" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:334px;">short maturity of these instruments.</div></div> <div id="TextBlockContainer90" style="position:relative;line-height:normal;width:687px;height:187px;"><div id="div_88_XBRL_TS_42f1bcd2f51d46c0bc06bde4eecec645" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer89" style="position:relative;line-height:normal;width:687px;height:187px;"><div id="a13729" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:0px;">June 3, 2023 </div><div id="a13732" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:299px;top:0px;">Level 1 </div><div id="a13735" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:406px;top:0px;">Level 2 </div><div id="a13738" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:513px;top:0px;">Level 3 </div><div id="a13741" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:618px;top:0px;">Balance </div><div id="a13743" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:17px;">Assets </div><div id="a13757" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:34px;">Municipal bonds </div><div id="a13760" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:270px;top:34px;">$ </div><div id="a13762" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:350px;top:34px;">—</div><div id="a13765" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:377px;top:34px;">$ </div><div id="a13767" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:434px;top:34px;">16,296</div><div id="a13770" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:34px;">$ </div><div id="a13772" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:34px;">—</div><div id="a13775" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:34px;">$ </div><div id="a13777" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:34px;">16,296</div><div id="a13779" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:51px;">Commercial paper </div><div id="a13783" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:350px;top:51px;">—</div><div id="a13787" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:434px;top:51px;">56,409</div><div id="a13791" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:51px;">—</div><div id="a13795" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:51px;">56,409</div><div id="a13797" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:68px;">Corporate bonds </div><div id="a13801" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:350px;top:68px;">—</div><div id="a13805" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:427px;top:68px;">138,577</div><div id="a13809" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:68px;">—</div><div id="a13813" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:641px;top:68px;">138,577</div><div id="a13815" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:85px;">Certificates of deposits </div><div id="a13819" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:350px;top:85px;">—</div><div id="a13823" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:450px;top:85px;">675</div><div id="a13827" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:85px;">—</div><div id="a13831" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:664px;top:85px;">675</div><div id="a13833" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:102px;">US government and agency obligations </div><div id="a13837" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:350px;top:102px;">—</div><div id="a13841" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:427px;top:102px;">100,769</div><div id="a13845" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:102px;">—</div><div id="a13849" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:641px;top:102px;">100,769</div><div id="a13851" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:119px;">Asset backed securities </div><div id="a13855" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:350px;top:119px;">—</div><div id="a13859" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:434px;top:119px;">13,308</div><div id="a13863" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:119px;">—</div><div id="a13867" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:119px;">13,308</div><div id="a13869" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:136px;">Treasury bills </div><div id="a13873" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:350px;top:136px;">—</div><div id="a13877" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:434px;top:136px;">29,056</div><div id="a13881" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:136px;">—</div><div id="a13885" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:136px;">29,056</div><div id="a13887" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:153px;">Mutual funds </div><div id="a13891" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:333px;top:153px;">2,081</div><div id="a13895" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:457px;top:153px;">—</div><div id="a13899" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:153px;">—</div><div id="a13903" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:153px;">2,081</div><div id="a13905" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:171px;">Total assets measured at fair<div style="display:inline-block;width:5px"> </div>value </div><div id="a13908" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:270px;top:171px;">$ </div><div id="a13910" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:333px;top:171px;">2,081</div><div id="a13913" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:377px;top:171px;">$ </div><div id="a13915" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:427px;top:171px;">355,090</div><div id="a13918" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:171px;">$ </div><div id="a13920" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:171px;">—</div><div id="a13923" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:171px;">$ </div><div id="a13925" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:641px;top:171px;">357,171</div></div></div></div><div id="TextBlockContainer93" style="position:relative;line-height:normal;width:687px;height:171px;"><div id="a13928" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:0px;">May 28, 2022 </div><div id="a13931" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:299px;top:0px;">Level 1 </div><div id="a13934" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:406px;top:0px;">Level 2 </div><div id="a13937" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:513px;top:0px;">Level 3 </div><div id="a13940" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:618px;top:0px;">Balance </div><div id="a13942" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:18px;">Assets </div><div id="a13956" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:35px;">Municipal bonds </div><div id="a13959" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:270px;top:35px;">$ </div><div id="a13961" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:350px;top:35px;">—</div><div id="a13964" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:377px;top:35px;">$ </div><div id="a13966" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:434px;top:35px;">10,104</div><div id="a13969" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:35px;">$ </div><div id="a13971" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:35px;">—</div><div id="a13974" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:35px;">$ </div><div id="a13976" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:35px;">10,104</div><div id="a13978" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:52px;">Commercial paper </div><div id="a13983" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:350px;top:52px;">—</div><div id="a13987" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:434px;top:52px;">14,868</div><div id="a13991" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:52px;">—</div><div id="a13995" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:52px;">14,868</div><div id="a13997" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:69px;">Corporate bonds </div><div id="a14001" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:350px;top:69px;">—</div><div id="a14005" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:434px;top:69px;">73,684</div><div id="a14009" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:69px;">—</div><div id="a14013" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:69px;">73,684</div><div id="a14015" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:86px;">Certificates of deposits </div><div id="a14019" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:350px;top:86px;">—</div><div id="a14023" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:440px;top:86px;">1,245</div><div id="a14027" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:86px;">—</div><div id="a14031" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:86px;">1,245</div><div id="a14033" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:103px;">US government and agency obligations </div><div id="a14037" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:350px;top:103px;">—</div><div id="a14041" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:440px;top:103px;">2,209</div><div id="a14045" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:103px;">—</div><div id="a14049" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:103px;">2,209</div><div id="a14051" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:120px;">Asset backed securities </div><div id="a14055" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:350px;top:120px;">—</div><div id="a14059" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:434px;top:120px;">13,319</div><div id="a14063" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:120px;">—</div><div id="a14067" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:120px;">13,319</div><div id="a14069" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:137px;">Mutual funds </div><div id="a14073" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:333px;top:137px;">3,752</div><div id="a14077" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:457px;top:137px;">—</div><div id="a14081" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:137px;">—</div><div id="a14085" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:137px;">3,752</div><div id="a14087" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:155px;">Total assets measured at fair<div style="display:inline-block;width:5px"> </div>value </div><div id="a14090" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:270px;top:155px;">$ </div><div id="a14092" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:333px;top:155px;">3,752</div><div id="a14095" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:377px;top:155px;">$ </div><div id="a14097" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:427px;top:155px;">115,429</div><div id="a14100" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:155px;">$ </div><div id="a14102" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:155px;">—</div><div id="a14105" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:155px;">$ </div><div id="a14107" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:641px;top:155px;">119,181</div></div> 0 16296000 0 16296000 0 56409000 0 56409000 0 138577000 0 138577000 0 675000 0 675000 0 100769000 0 100769000 0 13308000 0 13308000 0 29056000 0 29056000 2081000 0 0 2081000 2081000 355090000 0 357171000 0 10104000 0 10104000 0 14868000 0 14868000 0 73684000 0 73684000 0 1245000 0 1245000 0 2209000 0 2209000 0 13319000 0 13319000 3752000 0 0 3752000 3752000 115429000 0 119181000 <div id="TextBlockContainer98" style="position:relative;line-height:normal;width:295px;height:47px;"><div id="a14129" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:bold;font-style:normal;color:#000000;left:4px;top:0px;">Note 5 - Inventories </div><div id="a14137" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">Inventories consisted of the following (in thousands):</div></div><div id="TextBlockContainer102" style="position:relative;line-height:normal;width:683px;height:86px;"><div id="div_100_XBRL_TS_476c354c233c4e60a6ad70649ad3248f" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer101" style="position:relative;line-height:normal;width:683px;height:86px;"><div id="a14145" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:496px;top:0px;">June 3, 2023 </div><div id="a14148" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:600px;top:0px;">May 28, 2022 </div><div id="a14150" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:18px;">Flocks, net of amortization </div><div id="a14153" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:18px;">$ </div><div id="a14155" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:529px;top:18px;">164,540</div><div id="a14158" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:592px;top:18px;">$ </div><div id="a14160" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:636px;top:18px;">144,051</div><div id="a14162" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:35px;">Eggs and egg products </div><div id="a14167" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:536px;top:35px;">28,318</div><div id="a14171" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:643px;top:35px;">26,936</div><div id="a14173" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:52px;">Feed and supplies </div><div id="a14177" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:536px;top:52px;">91,560</div><div id="a14181" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:643px;top:52px;">92,329</div><div id="a14185" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:70px;">$ </div><div id="a14187" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:529px;top:70px;">284,418</div><div id="a14191" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:592px;top:70px;">$ </div><div id="a14193" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:636px;top:70px;">263,316</div></div></div></div><div id="TextBlockContainer104" style="position:relative;line-height:normal;width:697px;height:95px;"><div id="a14196" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:0px;">We grow and maintain<div style="display:inline-block;width:5px"> </div>flocks of layers (mature female chickens), pullets (female chickens under 18 weeks of age), and breeders </div><div id="a14198" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:16px;">(male and female<div style="display:inline-block;width:5px"> </div>chickens used to<div style="display:inline-block;width:5px"> </div>produce fertile eggs<div style="display:inline-block;width:5px"> </div>to hatch for<div style="display:inline-block;width:5px"> </div>egg production flocks).<div style="display:inline-block;width:5px"> </div>Our total flock<div style="display:inline-block;width:5px"> </div>at June 3,<div style="display:inline-block;width:5px"> </div>2023 and </div><div id="a14200" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">May 28, 2022,<div style="display:inline-block;width:5px"> </div>consisted of approximately </div><div id="a14200_41_4" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:236px;top:32px;">10.8</div><div id="a14200_45_13" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:259px;top:32px;"><div style="display:inline-block;width:3px"> </div>million and </div><div id="a14200_58_4" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:328px;top:32px;">11.5</div><div id="a14200_62_34" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:351px;top:32px;"><div style="display:inline-block;width:4px"> </div>million pullets and<div style="display:inline-block;width:5px"> </div>breeders and </div><div id="a14200_96_4" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:531px;top:32px;">41.2</div><div id="a14200_100_13" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:554px;top:32px;"><div style="display:inline-block;width:3px"> </div>million and </div><div id="a14200_113_4" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:623px;top:32px;">42.2</div><div id="a14200_117_9" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:646px;top:32px;"><div style="display:inline-block;width:4px"> </div>million </div><div id="a14217" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">layers, respectively. </div><div id="a14220" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:79px;">The Company expensed amortization and mortality associated with the<div style="display:inline-block;width:5px"> </div>flocks to cost of sales as follows (in thousands):</div></div><div id="TextBlockContainer108" style="position:relative;line-height:normal;width:687px;height:69px;"><div id="div_106_XBRL_TS_605d1b513fb64c078eb26b41f3957c12" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer107" style="position:relative;line-height:normal;width:687px;height:69px;"><div id="a14229" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:400px;top:0px;">June 3, 2023 </div><div id="a14232" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:500px;top:0px;">May 28, 2022 </div><div id="a14235" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:604px;top:0px;">May 29, 2021 </div><div id="a14237" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:18px;">Amortization </div><div id="a14239" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:386px;top:18px;">$ </div><div id="a14241" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:433px;top:18px;">186,973</div><div id="a14244" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:490px;top:18px;">$ </div><div id="a14246" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:537px;top:18px;">160,107</div><div id="a14249" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:594px;top:18px;">$ </div><div id="a14251" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:641px;top:18px;">133,448</div><div id="a14253" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:35px;">Mortality </div><div id="a14256" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:440px;top:35px;">10,455</div><div id="a14260" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:550px;top:35px;">8,011</div><div id="a14264" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:35px;">6,769</div><div id="a14266" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:53px;">Total flock costs charged<div style="display:inline-block;width:5px"> </div>to cost of sales </div><div id="a14268" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:386px;top:53px;">$ </div><div id="a14270" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:433px;top:53px;">197,428</div><div id="a14273" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:490px;top:53px;">$ </div><div id="a14275" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:537px;top:53px;">168,118</div><div id="a14278" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:594px;top:53px;">$ </div><div id="a14280" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:641px;top:53px;">140,217</div></div></div></div> <div id="TextBlockContainer101" style="position:relative;line-height:normal;width:683px;height:86px;"><div id="a14145" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:496px;top:0px;">June 3, 2023 </div><div id="a14148" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:600px;top:0px;">May 28, 2022 </div><div id="a14150" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:18px;">Flocks, net of amortization </div><div id="a14153" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:18px;">$ </div><div id="a14155" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:529px;top:18px;">164,540</div><div id="a14158" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:592px;top:18px;">$ </div><div id="a14160" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:636px;top:18px;">144,051</div><div id="a14162" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:35px;">Eggs and egg products </div><div id="a14167" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:536px;top:35px;">28,318</div><div id="a14171" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:643px;top:35px;">26,936</div><div id="a14173" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:52px;">Feed and supplies </div><div id="a14177" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:536px;top:52px;">91,560</div><div id="a14181" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:643px;top:52px;">92,329</div><div id="a14185" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:70px;">$ </div><div id="a14187" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:529px;top:70px;">284,418</div><div id="a14191" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:592px;top:70px;">$ </div><div id="a14193" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:636px;top:70px;">263,316</div></div> 164540000 144051000 28318000 26936000 91560000 92329000 284418000 263316000 10800000 11500000 41200000 42200000 <div id="TextBlockContainer107" style="position:relative;line-height:normal;width:687px;height:69px;"><div id="a14229" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:400px;top:0px;">June 3, 2023 </div><div id="a14232" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:500px;top:0px;">May 28, 2022 </div><div id="a14235" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:604px;top:0px;">May 29, 2021 </div><div id="a14237" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:18px;">Amortization </div><div id="a14239" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:386px;top:18px;">$ </div><div id="a14241" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:433px;top:18px;">186,973</div><div id="a14244" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:490px;top:18px;">$ </div><div id="a14246" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:537px;top:18px;">160,107</div><div id="a14249" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:594px;top:18px;">$ </div><div id="a14251" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:641px;top:18px;">133,448</div><div id="a14253" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:35px;">Mortality </div><div id="a14256" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:440px;top:35px;">10,455</div><div id="a14260" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:550px;top:35px;">8,011</div><div id="a14264" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:35px;">6,769</div><div id="a14266" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:53px;">Total flock costs charged<div style="display:inline-block;width:5px"> </div>to cost of sales </div><div id="a14268" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:386px;top:53px;">$ </div><div id="a14270" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:433px;top:53px;">197,428</div><div id="a14273" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:490px;top:53px;">$ </div><div id="a14275" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:537px;top:53px;">168,118</div><div id="a14278" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:594px;top:53px;">$ </div><div id="a14280" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:641px;top:53px;">140,217</div></div> 186973000 160107000 133448000 10455000 8011000 6769000 197428000 168118000 140217000 <div id="TextBlockContainer110" style="position:relative;line-height:normal;width:396px;height:47px;"><div id="a14284" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:bold;font-style:normal;color:#000000;left:4px;top:0px;">Note 6 - Property,<div style="display:inline-block;width:5px"> </div>Plant and Equipment </div><div id="a14292" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">Property, plant and equipment<div style="display:inline-block;width:5px"> </div>consisted of the following (in thousands):</div></div><div id="TextBlockContainer113" style="position:relative;line-height:normal;width:687px;height:137px;"><div id="a14300" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:499px;top:0px;">June 3, 2023 </div><div id="a14303" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:603px;top:0px;">May 28, 2022 </div><div id="a14305" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:18px;">Land and improvements </div><div id="a14309" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:18px;">$ </div><div id="a14311" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:534px;top:18px;">117,279</div><div id="a14314" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:18px;">$ </div><div id="a14316" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:641px;top:18px;">109,833</div><div id="a14318" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:35px;">Buildings and improvements </div><div id="a14322" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:534px;top:35px;">552,669</div><div id="a14326" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:641px;top:35px;">517,859</div><div id="a14328" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:52px;">Machinery and equipment </div><div id="a14332" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:534px;top:52px;">715,205</div><div id="a14336" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:641px;top:52px;">655,925</div><div id="a14338" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:69px;">Construction-in-progress </div><div id="a14346" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:541px;top:69px;">98,605</div><div id="a14350" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:69px;">71,967</div><div id="a14355" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:524px;top:86px;">1,483,758</div><div id="a14359" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:631px;top:86px;">1,355,584</div><div id="a14361" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:103px;">Less: accumulated depreciation </div><div id="a14366" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:534px;top:103px;">739,218</div><div id="a14370" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:641px;top:103px;">677,788</div><div id="a14374" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:121px;">$ </div><div id="a14376" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:534px;top:121px;">744,540</div><div id="a14379" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:121px;">$ </div><div id="a14381" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:641px;top:121px;">677,796</div></div><div id="TextBlockContainer116" style="position:relative;line-height:normal;width:697px;height:174px;"><div id="a14384" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:0px;">Depreciation expense was<div style="display:inline-block;width:5px"> </div>$</div><div id="a14384_26_4" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:155px;top:0px;">69.4</div><div id="a14384_30_11" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:178px;top:0px;"><div style="display:inline-block;width:3px"> </div>million, $</div><div id="a14384_41_4" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:234px;top:0px;">65.8</div><div id="a14384_45_14" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:257px;top:0px;"><div style="display:inline-block;width:3px"> </div>million and $</div><div id="a14384_59_4" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:332px;top:0px;">56.5</div><div id="a14384_63_63" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:355px;top:0px;"><div style="display:inline-block;width:3px"> </div>million in the fiscal<div style="display:inline-block;width:5px"> </div>years ended June 3,<div style="display:inline-block;width:5px"> </div>2023, May 28, 2022, </div><div id="a14405" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:16px;">and May 29, 2021, respectively. </div><div id="a14408" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">The Company<div style="display:inline-block;width:6px"> </div>maintains insurance<div style="display:inline-block;width:5px"> </div>for both<div style="display:inline-block;width:5px"> </div>property damage<div style="display:inline-block;width:5px"> </div>and business<div style="display:inline-block;width:5px"> </div>interruption relating<div style="display:inline-block;width:5px"> </div>to catastrophic<div style="display:inline-block;width:5px"> </div>events, such<div style="display:inline-block;width:5px"> </div>as </div><div id="a14410" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">fires. Insurance recoveries<div style="display:inline-block;width:5px"> </div>received for<div style="display:inline-block;width:5px"> </div>property damage<div style="display:inline-block;width:5px"> </div>and business<div style="display:inline-block;width:5px"> </div>interruption in<div style="display:inline-block;width:5px"> </div>excess of<div style="display:inline-block;width:5px"> </div>the net<div style="display:inline-block;width:5px"> </div>book value<div style="display:inline-block;width:5px"> </div>of damaged </div><div id="a14413" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:79px;">assets,<div style="display:inline-block;width:5px"> </div>clean-up<div style="display:inline-block;width:5px"> </div>and<div style="display:inline-block;width:5px"> </div>demolition<div style="display:inline-block;width:5px"> </div>costs,<div style="display:inline-block;width:5px"> </div>and<div style="display:inline-block;width:5px"> </div>post-event<div style="display:inline-block;width:5px"> </div>costs are<div style="display:inline-block;width:6px"> </div>recorded<div style="display:inline-block;width:5px"> </div>within<div style="display:inline-block;width:5px"> </div>“Gain<div style="display:inline-block;width:5px"> </div>on<div style="display:inline-block;width:5px"> </div>insurance<div style="display:inline-block;width:5px"> </div>recoveries”<div style="display:inline-block;width:5px"> </div>in<div style="display:inline-block;width:5px"> </div>the period </div><div id="a14419" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:95px;">received or committed when all contingencies associated with the recoveries are resolved. Losses related to property damage are </div><div id="a14421" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:110px;">recorded within “(Gains) loss<div style="display:inline-block;width:5px"> </div>on disposal of fixed assets”.<div style="display:inline-block;width:5px"> </div>Insurance recoveries relating<div style="display:inline-block;width:5px"> </div>to direct, recoverable costs for<div style="display:inline-block;width:5px"> </div>business </div><div id="a14423" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:126px;">interruption are recorded<div style="display:inline-block;width:5px"> </div>as a reduction in cost of<div style="display:inline-block;width:5px"> </div>sales on the Consolidated Statements<div style="display:inline-block;width:5px"> </div>of Income. Insurance<div style="display:inline-block;width:5px"> </div>claims incurred or </div><div id="a14428" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:142px;">finalized<div style="display:inline-block;width:5px"> </div>during<div style="display:inline-block;width:5px"> </div>the fiscal<div style="display:inline-block;width:6px"> </div>years ended<div style="display:inline-block;width:6px"> </div>June 3,<div style="display:inline-block;width:6px"> </div>2023,<div style="display:inline-block;width:5px"> </div>May 28,<div style="display:inline-block;width:6px"> </div>2022,<div style="display:inline-block;width:5px"> </div>and<div style="display:inline-block;width:5px"> </div>May<div style="display:inline-block;width:5px"> </div>29,<div style="display:inline-block;width:5px"> </div>2021 did<div style="display:inline-block;width:6px"> </div>not have<div style="display:inline-block;width:6px"> </div>a material<div style="display:inline-block;width:6px"> </div>effect<div style="display:inline-block;width:5px"> </div>on<div style="display:inline-block;width:5px"> </div>the </div><div id="a14430" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:158px;">Company’s consolidated<div style="display:inline-block;width:5px"> </div>financial statements.</div></div> <div id="TextBlockContainer114" style="position:relative;line-height:normal;width:687px;height:137px;"><div id="div_112_XBRL_TS_4a48668794f040dabe85603b7679b999" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer113" style="position:relative;line-height:normal;width:687px;height:137px;"><div id="a14300" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:499px;top:0px;">June 3, 2023 </div><div id="a14303" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:603px;top:0px;">May 28, 2022 </div><div id="a14305" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:18px;">Land and improvements </div><div id="a14309" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:18px;">$ </div><div id="a14311" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:534px;top:18px;">117,279</div><div id="a14314" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:18px;">$ </div><div id="a14316" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:641px;top:18px;">109,833</div><div id="a14318" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:35px;">Buildings and improvements </div><div id="a14322" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:534px;top:35px;">552,669</div><div id="a14326" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:641px;top:35px;">517,859</div><div id="a14328" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:52px;">Machinery and equipment </div><div id="a14332" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:534px;top:52px;">715,205</div><div id="a14336" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:641px;top:52px;">655,925</div><div id="a14338" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:69px;">Construction-in-progress </div><div id="a14346" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:541px;top:69px;">98,605</div><div id="a14350" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:69px;">71,967</div><div id="a14355" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:524px;top:86px;">1,483,758</div><div id="a14359" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:631px;top:86px;">1,355,584</div><div id="a14361" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:103px;">Less: accumulated depreciation </div><div id="a14366" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:534px;top:103px;">739,218</div><div id="a14370" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:641px;top:103px;">677,788</div><div id="a14374" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:121px;">$ </div><div id="a14376" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:534px;top:121px;">744,540</div><div id="a14379" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:121px;">$ </div><div id="a14381" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:641px;top:121px;">677,796</div></div></div></div> 117279000 109833000 552669000 517859000 715205000 655925000 98605000 71967000 1483758000 1355584000 739218000 677788000 744540000 677796000 69400000 65800000 56500000 <div id="TextBlockContainer118" style="position:relative;line-height:normal;width:697px;height:158px;"><div id="a14433" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:bold;font-style:normal;color:#000000;left:4px;top:0px;">Note 7 - Investment in Unconsolidated Entities </div><div id="a14441" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">As of<div style="display:inline-block;width:6px"> </div>June 3,<div style="display:inline-block;width:6px"> </div>2023<div style="display:inline-block;width:5px"> </div>and<div style="display:inline-block;width:5px"> </div>May 28,<div style="display:inline-block;width:6px"> </div>2022,<div style="display:inline-block;width:5px"> </div>the Company<div style="display:inline-block;width:6px"> </div>owned </div><div id="a14441_55_2" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:340px;top:32px;">50</div><div id="a14441_57_58" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:354px;top:32px;">% in<div style="display:inline-block;width:6px"> </div>Specialty<div style="display:inline-block;width:5px"> </div>Eggs,<div style="display:inline-block;width:5px"> </div>LLC (“Specialty<div style="display:inline-block;width:6px"> </div>Eggs”)<div style="display:inline-block;width:5px"> </div>and<div style="display:inline-block;width:5px"> </div>Southwest </div><div id="a14445" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">Specialty Eggs,<div style="display:inline-block;width:5px"> </div>LLC (“Southwest<div style="display:inline-block;width:5px"> </div>Specialty Eggs”),<div style="display:inline-block;width:5px"> </div>which are<div style="display:inline-block;width:5px"> </div>accounted for<div style="display:inline-block;width:5px"> </div>using the<div style="display:inline-block;width:5px"> </div>equity method<div style="display:inline-block;width:5px"> </div>of accounting.<div style="display:inline-block;width:5px"> </div>Specialty </div><div id="a14446" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">Eggs owns the Egg-Land's Best franchise for most of Georgia and South Carolina, as well as<div style="display:inline-block;width:2px"> </div>a portion of western North Carolina </div><div id="a14450" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:79px;">and eastern Alabama. Southwest Specialty<div style="display:inline-block;width:5px"> </div>Eggs owns the Egg-Land's Best franchise<div style="display:inline-block;width:5px"> </div>for Arizona, southern California<div style="display:inline-block;width:5px"> </div>and Clark </div><div id="a14453" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:95px;">County, Nevada (including<div style="display:inline-block;width:5px"> </div>Las Vegas).<div style="display:inline-block;width:5px"> </div></div><div id="a14456" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:126px;">As of May<div style="display:inline-block;width:5px"> </div>29, 2021, the<div style="display:inline-block;width:5px"> </div>Company owned </div><div id="a14456_38_2" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:236px;top:126px;">50</div><div id="a14456_40_71" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:249px;top:126px;">% in Red<div style="display:inline-block;width:5px"> </div>River which was<div style="display:inline-block;width:5px"> </div>acquired at the<div style="display:inline-block;width:5px"> </div>beginning of<div style="display:inline-block;width:5px"> </div>fiscal 2022 (see </div><div id="a14459" style="position:absolute;font-family:'Times New Roman';color:#0000FF;left:642px;top:126px;"><a href="#a12808" style="color:#0000FF;text-decoration:underline;">Note 2 –</a></div><div id="a14462" style="position:absolute;font-family:'Times New Roman';color:#0000FF;left:4px;top:142px;"><a href="#a12808" style="color:#0000FF;text-decoration:underline;">Acquisition</a></div><div id="a14463" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:67px;top:142px;">). The Company accounted for Red River using the equity method of<div style="display:inline-block;width:5px"> </div>accounting in fiscal 2021. </div></div><div id="TextBlockContainer120" style="position:relative;line-height:normal;width:697px;height:127px;"><div id="a14469" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:16px;">Equity method investments are included<div style="display:inline-block;width:5px"> </div>in “Investments in unconsolidated entities”<div style="display:inline-block;width:5px"> </div>in the accompanying Consolidated Balance </div><div id="a14471" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">Sheets and totaled $</div><div id="a14471_20_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:112px;top:32px;">9.7</div><div id="a14471_23_14" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:128px;top:32px;"><div style="display:inline-block;width:3px"> </div>million and $</div><div id="a14471_37_4" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:203px;top:32px;">10.5</div><div id="a14471_41_58" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:226px;top:32px;"><div style="display:inline-block;width:3px"> </div>million at June 3, 2023 and May 28, 2022, respectively.<div style="display:inline-block;width:5px"> </div></div><div id="a14491" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">Equity<div style="display:inline-block;width:5px"> </div>in<div style="display:inline-block;width:5px"> </div>income<div style="display:inline-block;width:5px"> </div>of<div style="display:inline-block;width:5px"> </div>unconsolidated<div style="display:inline-block;width:5px"> </div>entities<div style="display:inline-block;width:5px"> </div>of<div style="display:inline-block;width:5px"> </div>$</div><div id="a14491_48_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:271px;top:63px;">746</div><div id="a14491_51_12" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:291px;top:63px;"><div style="display:inline-block;width:5px"> </div>thousand,<div style="display:inline-block;width:5px"> </div>$</div><div id="a14491_63_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:359px;top:63px;">1.9</div><div id="a14491_66_15" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:375px;top:63px;"><div style="display:inline-block;width:5px"> </div>million,<div style="display:inline-block;width:5px"> </div>and<div style="display:inline-block;width:5px"> </div>$</div><div id="a14491_81_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:457px;top:63px;">622</div><div id="a14491_84_39" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:477px;top:63px;"><div style="display:inline-block;width:5px"> </div>thousand<div style="display:inline-block;width:5px"> </div>from<div style="display:inline-block;width:5px"> </div>these<div style="display:inline-block;width:5px"> </div>entities<div style="display:inline-block;width:5px"> </div>has<div style="display:inline-block;width:5px"> </div>been </div><div id="a14507" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:79px;">included in the Consolidated Statements of Income for fiscal 2023<div style="display:inline-block;width:1px"> </div>,<div style="display:inline-block;width:3px"> </div>2022, and 2021, respectively. </div><div id="a14516" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:111px;">The condensed consolidated<div style="display:inline-block;width:2px"> </div>financial information for<div style="display:inline-block;width:2px"> </div>the Company’s unconsolidated joint<div style="display:inline-block;width:2px"> </div>ventures was as<div style="display:inline-block;width:1px"> </div>follows (in thousands):</div></div><div id="TextBlockContainer124" style="position:relative;line-height:normal;width:687px;height:119px;"><div id="div_122_XBRL_TS_3fbde1064def47d5a01c2f64d356c486" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer123" style="position:relative;line-height:normal;width:687px;height:119px;"><div id="a14525" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:467px;top:0px;">For the fiscal year ended </div><div id="a14529" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:392px;top:17px;">June 3, 2023 </div><div id="a14532" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:496px;top:17px;">May 28, 2022 </div><div id="a14535" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:603px;top:17px;">May 29, 2021 </div><div id="a14537" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:35px;">Net sales </div><div id="a14540" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:377px;top:35px;">$ </div><div id="a14542" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:427px;top:35px;">222,602</div><div id="a14545" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:35px;">$ </div><div id="a14547" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:534px;top:35px;">145,281</div><div id="a14550" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:35px;">$ </div><div id="a14552" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:641px;top:35px;">119,853</div><div id="a14554" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:52px;">Net income </div><div id="a14558" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:440px;top:52px;">1,492</div><div id="a14562" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:547px;top:52px;">3,942</div><div id="a14566" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:52px;">1,596</div><div id="a14568" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:69px;">Total assets </div><div id="a14572" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:434px;top:69px;">27,784</div><div id="a14576" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:541px;top:69px;">42,971</div><div id="a14580" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:641px;top:69px;">106,592</div><div id="a14582" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:86px;">Total liabilities </div><div id="a14587" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:440px;top:86px;">9,854</div><div id="a14591" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:541px;top:86px;">21,892</div><div id="a14595" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:86px;">5,850</div><div id="a14597" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:103px;">Total equity </div><div id="a14601" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:434px;top:103px;">17,930</div><div id="a14605" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:541px;top:103px;">21,079</div><div id="a14609" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:641px;top:103px;">100,742</div></div></div></div><div id="TextBlockContainer126" style="position:relative;line-height:normal;width:564px;height:16px;"><div id="a14612" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:0px;">The following relates to the Company’s<div style="display:inline-block;width:5px"> </div>transactions with these unconsolidated affiliates (in thousands):</div></div><div id="TextBlockContainer129" style="position:relative;line-height:normal;width:687px;height:85px;"><div id="a14621" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:467px;top:0px;">For the fiscal year ended </div><div id="a14625" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:392px;top:17px;">June 3, 2023 </div><div id="a14628" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:496px;top:17px;">May 28, 2022 </div><div id="a14631" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:603px;top:17px;">May 29, 2021 </div><div id="a14633" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:35px;">Sales to unconsolidated entities </div><div id="a14636" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:377px;top:35px;">$ </div><div id="a14638" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:427px;top:35px;">136,351</div><div id="a14641" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:35px;">$ </div><div id="a14643" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:541px;top:35px;">94,311</div><div id="a14646" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:35px;">$ </div><div id="a14648" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:35px;">56,765</div><div id="a14650" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:52px;">Purchases from unconsolidated entities </div><div id="a14654" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:434px;top:52px;">75,024</div><div id="a14658" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:541px;top:52px;">60,016</div><div id="a14662" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:52px;">76,059</div><div id="a14664" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:69px;">Distributions from unconsolidated entities </div><div id="a14668" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:440px;top:69px;">1,500</div><div id="a14672" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:558px;top:69px;">400</div><div id="a14676" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:69px;">6,663</div></div><div id="TextBlockContainer133" style="position:relative;line-height:normal;width:683px;height:50px;"><div id="a14682" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:508px;top:0px;">June 3, 2023 </div><div id="a14685" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:600px;top:0px;">May 28, 2022 </div><div id="a14687" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:18px;">Accounts receivable from unconsolidated entities </div><div id="a14690" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:18px;">$ </div><div id="a14692" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:542px;top:18px;">4,719</div><div id="a14695" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:592px;top:18px;">$ </div><div id="a14697" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:643px;top:18px;">10,815</div><div id="a14699" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:35px;">Accounts payable to unconsolidated entities </div><div id="a14704" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:542px;top:35px;">3,187</div><div id="a14708" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:649px;top:35px;">4,678</div></div> 0.50 0.50 0.50 9700000 10500000 746000 1900000 622000 <div id="TextBlockContainer123" style="position:relative;line-height:normal;width:687px;height:119px;"><div id="a14525" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:467px;top:0px;">For the fiscal year ended </div><div id="a14529" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:392px;top:17px;">June 3, 2023 </div><div id="a14532" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:496px;top:17px;">May 28, 2022 </div><div id="a14535" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:603px;top:17px;">May 29, 2021 </div><div id="a14537" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:35px;">Net sales </div><div id="a14540" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:377px;top:35px;">$ </div><div id="a14542" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:427px;top:35px;">222,602</div><div id="a14545" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:35px;">$ </div><div id="a14547" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:534px;top:35px;">145,281</div><div id="a14550" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:35px;">$ </div><div id="a14552" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:641px;top:35px;">119,853</div><div id="a14554" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:52px;">Net income </div><div id="a14558" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:440px;top:52px;">1,492</div><div id="a14562" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:547px;top:52px;">3,942</div><div id="a14566" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:52px;">1,596</div><div id="a14568" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:69px;">Total assets </div><div id="a14572" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:434px;top:69px;">27,784</div><div id="a14576" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:541px;top:69px;">42,971</div><div id="a14580" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:641px;top:69px;">106,592</div><div id="a14582" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:86px;">Total liabilities </div><div id="a14587" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:440px;top:86px;">9,854</div><div id="a14591" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:541px;top:86px;">21,892</div><div id="a14595" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:86px;">5,850</div><div id="a14597" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:103px;">Total equity </div><div id="a14601" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:434px;top:103px;">17,930</div><div id="a14605" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:541px;top:103px;">21,079</div><div id="a14609" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:641px;top:103px;">100,742</div></div> 222602000 145281000 119853000 1492000 3942000 1596000 27784000 42971000 106592000 9854000 21892000 5850000 17930000 21079000 100742000 <div id="TextBlockContainer130" style="position:relative;line-height:normal;width:687px;height:85px;"><div id="div_128_XBRL_TS_3d704fe68e0e4c93a7e1443f85bb6957" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer129" style="position:relative;line-height:normal;width:687px;height:85px;"><div id="a14621" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:467px;top:0px;">For the fiscal year ended </div><div id="a14625" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:392px;top:17px;">June 3, 2023 </div><div id="a14628" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:496px;top:17px;">May 28, 2022 </div><div id="a14631" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:603px;top:17px;">May 29, 2021 </div><div id="a14633" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:35px;">Sales to unconsolidated entities </div><div id="a14636" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:377px;top:35px;">$ </div><div id="a14638" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:427px;top:35px;">136,351</div><div id="a14641" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:35px;">$ </div><div id="a14643" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:541px;top:35px;">94,311</div><div id="a14646" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:35px;">$ </div><div id="a14648" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:35px;">56,765</div><div id="a14650" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:52px;">Purchases from unconsolidated entities </div><div id="a14654" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:434px;top:52px;">75,024</div><div id="a14658" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:541px;top:52px;">60,016</div><div id="a14662" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:52px;">76,059</div><div id="a14664" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:69px;">Distributions from unconsolidated entities </div><div id="a14668" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:440px;top:69px;">1,500</div><div id="a14672" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:558px;top:69px;">400</div><div id="a14676" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:69px;">6,663</div></div></div></div><div id="TextBlockContainer134" style="position:relative;line-height:normal;width:683px;height:50px;"><div id="div_132_XBRL_TS_8cb1011ef8d848aea022866b1b982c6d" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer133" style="position:relative;line-height:normal;width:683px;height:50px;"><div id="a14682" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:508px;top:0px;">June 3, 2023 </div><div id="a14685" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:600px;top:0px;">May 28, 2022 </div><div id="a14687" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:18px;">Accounts receivable from unconsolidated entities </div><div id="a14690" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:18px;">$ </div><div id="a14692" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:542px;top:18px;">4,719</div><div id="a14695" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:592px;top:18px;">$ </div><div id="a14697" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:643px;top:18px;">10,815</div><div id="a14699" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:35px;">Accounts payable to unconsolidated entities </div><div id="a14704" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:542px;top:35px;">3,187</div><div id="a14708" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:649px;top:35px;">4,678</div></div></div></div> 136351000 94311000 56765000 75024000 60016000 76059000 1500000 400000 6663000 4719000 10815000 3187000 4678000 <div id="TextBlockContainer136" style="position:relative;line-height:normal;width:400px;height:47px;"><div id="a14712" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:bold;font-style:normal;color:#000000;left:4px;top:0px;">Note 8 - Goodwill and Other Intangible Assets </div><div id="a14720" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">Goodwill and other intangibles consisted of the following (in thousands):</div></div><div id="TextBlockContainer140" style="position:relative;line-height:normal;width:693px;height:154px;"><div id="div_138_XBRL_TS_7c9e11733e094d5a861b7cb078871ca2" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer139" style="position:relative;line-height:normal;width:693px;height:154px;"><div id="a14731" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:362px;top:0px;">Other Intangibles </div><div id="a14741" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:206px;top:17px;">Franchise </div><div id="a14744" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:280px;top:17px;">Customer </div><div id="a14747" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:352px;top:17px;">Non-compete </div><div id="a14752" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:435px;top:17px;">Right of </div><div id="a14755" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:502px;top:17px;">Water </div><div id="a14760" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:641px;top:17px;">Total </div><div id="a14764" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:139px;top:34px;">Goodwill </div><div id="a14767" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:216px;top:34px;">rights </div><div id="a14770" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:272px;top:34px;">relationships </div><div id="a14773" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:358px;top:34px;">agreements </div><div id="a14776" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:446px;top:34px;">Use </div><div id="a14779" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:503px;top:34px;">rights </div><div id="a14782" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:556px;top:34px;">Trademark </div><div id="a14785" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:626px;top:34px;">intangibles </div><div id="a14787" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:52px;">Balance May 29, 2021 </div><div id="a14790" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:133px;top:52px;">$ </div><div id="a14792" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:155px;top:52px;">35,525</div><div id="a14795" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:200px;top:52px;">$ </div><div id="a14797" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:222px;top:52px;">16,699</div><div id="a14800" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:267px;top:52px;">$ </div><div id="a14802" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:310px;top:52px;">1,688</div><div id="a14805" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:349px;top:52px;">$ </div><div id="a14807" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:392px;top:52px;">1,019</div><div id="a14810" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:431px;top:52px;">$ </div><div id="a14812" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:465px;top:52px;">29</div><div id="a14815" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:487px;top:52px;">$ </div><div id="a14817" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:525px;top:52px;">720</div><div id="a14820" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:554px;top:52px;">$ </div><div id="a14822" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:593px;top:52px;">186</div><div id="a14825" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:622px;top:52px;">$ </div><div id="a14827" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:52px;">55,866</div><div id="a14829" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:69px;">Additions </div><div id="a14833" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:161px;top:69px;">8,481</div><div id="a14837" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:245px;top:69px;">—</div><div id="a14841" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:327px;top:69px;">—</div><div id="a14845" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:409px;top:69px;">—</div><div id="a14849" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:465px;top:69px;">10</div><div id="a14853" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:532px;top:69px;">— </div><div id="a14857" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:599px;top:69px;">—</div><div id="a14861" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:69px;">8,491</div><div id="a14863" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:86px;">Amortization </div><div id="a14867" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:178px;top:86px;">— </div><div id="a14871" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:224px;top:86px;display:flex;">(1,628)</div><div id="a14875" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:315px;top:86px;display:flex;">(362)</div><div id="a14880" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:397px;top:86px;display:flex;">(159)</div><div id="a14884" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:460px;top:86px;display:flex;">(21)</div><div id="a14888" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:532px;top:86px;">— </div><div id="a14892" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:594px;top:86px;display:flex;">(50)</div><div id="a14896" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:650px;top:86px;display:flex;">(2,220)</div><div id="a14898" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:103px;">Balance May 28, 2022 </div><div id="a14903" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:155px;top:103px;">44,006</div><div id="a14907" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:222px;top:103px;">15,071</div><div id="a14911" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:310px;top:103px;">1,326</div><div id="a14915" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:402px;top:103px;">860</div><div id="a14919" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:465px;top:103px;">18</div><div id="a14923" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:525px;top:103px;">720</div><div id="a14927" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:593px;top:103px;">136</div><div id="a14931" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:103px;">62,137</div><div id="a14933" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:120px;">Amortization </div><div id="a14937" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:178px;top:120px;">— </div><div id="a14941" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:224px;top:120px;display:flex;">(1,657)</div><div id="a14945" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:315px;top:120px;display:flex;">(356)</div><div id="a14949" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:397px;top:120px;display:flex;">(152)</div><div id="a14953" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:460px;top:120px;display:flex;">(18)</div><div id="a14957" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:532px;top:120px;">— </div><div id="a14961" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:594px;top:120px;display:flex;">(51)</div><div id="a14965" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:650px;top:120px;display:flex;">(2,234)</div><div id="a14967" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:138px;">Balance June 3, 2023 </div><div id="a14971" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:133px;top:138px;">$ </div><div id="a14973" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:155px;top:138px;">44,006</div><div id="a14976" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:200px;top:138px;">$ </div><div id="a14978" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:222px;top:138px;">13,414</div><div id="a14981" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:267px;top:138px;">$ </div><div id="a14983" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:320px;top:138px;">970</div><div id="a14986" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:349px;top:138px;">$ </div><div id="a14988" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:402px;top:138px;">708</div><div id="a14991" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:431px;top:138px;">$ </div><div id="a14993" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:465px;top:138px;">—</div><div id="a14996" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:487px;top:138px;">$ </div><div id="a14998" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:525px;top:138px;">720</div><div id="a15001" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:554px;top:138px;">$ </div><div id="a15003" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:599px;top:138px;">85</div><div id="a15006" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:622px;top:138px;">$ </div><div id="a15008" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:138px;">59,903</div></div></div></div><div id="TextBlockContainer142" style="position:relative;line-height:normal;width:687px;height:16px;"><div id="a15014" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:0px;">For the Other Intangibles listed above, the gross carrying amounts and<div style="display:inline-block;width:5px"> </div>accumulated amortization are as follows (in thousands):</div></div><div id="TextBlockContainer145" style="position:relative;line-height:normal;width:693px;height:194px;"><div id="a15022" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:338px;top:0px;">June 3, 2023 </div><div id="a15025" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:549px;top:0px;">May 28, 2022 </div><div id="a15029" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:279px;top:18px;">Gross carrying </div><div id="a15033" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:390px;top:18px;">Accumulated </div><div id="a15036" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:493px;top:18px;">Gross carrying </div><div id="a15039" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:604px;top:18px;">Accumulated </div><div id="a15043" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:299px;top:35px;">amount </div><div id="a15046" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:392px;top:35px;">amortization </div><div id="a15049" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:513px;top:35px;">amount </div><div id="a15052" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:606px;top:35px;">amortization </div><div id="a15054" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:54px;">Other intangible assets: </div><div id="a15068" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:71px;">Franchise rights </div><div id="a15072" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:270px;top:71px;">$ </div><div id="a15074" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:327px;top:71px;">29,284</div><div id="a15077" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:377px;top:71px;">$ </div><div id="a15079" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:429px;top:71px;display:flex;">(15,870)</div><div id="a15082" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:71px;">$ </div><div id="a15084" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:541px;top:71px;">29,284</div><div id="a15087" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:71px;">$ </div><div id="a15089" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:643px;top:71px;display:flex;">(14,213)</div><div id="a15091" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:89px;">Customer relationships </div><div id="a15095" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:333px;top:89px;">9,644</div><div id="a15099" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:436px;top:89px;display:flex;">(8,674)</div><div id="a15103" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:547px;top:89px;">9,644</div><div id="a15107" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:650px;top:89px;display:flex;">(8,318)</div><div id="a15109" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:106px;">Non-compete agreements </div><div id="a15115" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:333px;top:106px;">1,450</div><div id="a15119" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:445px;top:106px;display:flex;">(742)</div><div id="a15123" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:547px;top:106px;">1,450</div><div id="a15127" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:659px;top:106px;display:flex;">(590)</div><div id="a15129" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:124px;">Right of use intangible </div><div id="a15133" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:343px;top:124px;">239</div><div id="a15137" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:445px;top:124px;display:flex;">(239)</div><div id="a15141" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:558px;top:124px;">239</div><div id="a15145" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:659px;top:124px;display:flex;">(221)</div><div id="a15147" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:142px;">Water rights * </div><div id="a15151" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:343px;top:142px;">720</div><div id="a15155" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:457px;top:142px;">— </div><div id="a15159" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:558px;top:142px;">720</div><div id="a15163" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:671px;top:142px;">— </div><div id="a15165" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:159px;">Trademark </div><div id="a15169" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:343px;top:159px;">400</div><div id="a15173" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:445px;top:159px;display:flex;">(315)</div><div id="a15177" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:558px;top:159px;">400</div><div id="a15181" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:659px;top:159px;display:flex;">(264)</div><div id="a15183" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:178px;">Total </div><div id="a15186" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:270px;top:178px;">$ </div><div id="a15188" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:327px;top:178px;">41,737</div><div id="a15191" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:377px;top:178px;">$ </div><div id="a15193" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:429px;top:178px;display:flex;">(25,840)</div><div id="a15196" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:178px;">$ </div><div id="a15198" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:541px;top:178px;">41,737</div><div id="a15201" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:178px;">$ </div><div id="a15203" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:643px;top:178px;display:flex;">(23,606)</div></div><div id="TextBlockContainer150" style="position:relative;line-height:normal;width:697px;height:95px;"><div id="div_148_XBRL_TS_8b184e8f6e654a00939f33598e9755f1" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer149" style="position:relative;line-height:normal;width:301px;height:16px;"><div id="a15205" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:0px;">*<div style="display:inline-block;width:17px"> </div>Water rights are<div style="display:inline-block;width:5px"> </div>an indefinite life intangible asset.</div></div></div><div id="a15210" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">No significant residual value is estimated for these<div style="display:inline-block;width:2px"> </div>intangible assets. Aggregate amortization expense for fiscal years 2023, 2022, </div><div id="a15212" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">and 2021 totaled $</div><div id="a15212_18_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:103px;top:47px;">2.2</div><div id="a15212_21_11" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:120px;top:47px;"><div style="display:inline-block;width:3px"> </div>million, $</div><div id="a15212_32_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:175px;top:47px;">2.2</div><div id="a15212_35_15" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:192px;top:47px;"><div style="display:inline-block;width:3px"> </div>million, and $</div><div id="a15212_50_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:270px;top:47px;">2.5</div><div id="a15212_53_25" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:287px;top:47px;"><div style="display:inline-block;width:3px"> </div>million, respectively.<div style="display:inline-block;width:5px"> </div></div><div id="a15228" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:79px;">The following table presents the total estimated amortization of intangible<div style="display:inline-block;width:5px"> </div>assets for the five succeeding years (in thousands):</div></div><div id="TextBlockContainer154" style="position:relative;line-height:normal;width:687px;height:142px;"><div id="div_152_XBRL_TS_5a4205967d134919bedca3c1a3c7e52e" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer153" style="position:relative;line-height:normal;width:687px;height:142px;"><div id="a15235" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:0px;">For fiscal year </div><div id="a15238" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:507px;top:0px;">Estimated amortization expense </div><div id="a15240" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:18px;">2024 </div><div id="a15243" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:497px;top:18px;">$ </div><div id="a15245" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:18px;">2,170</div><div id="a15247" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:36px;">2025 </div><div id="a15251" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:36px;">2,035</div><div id="a15253" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:53px;">2026 </div><div id="a15257" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:53px;">1,831</div><div id="a15259" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:71px;">2027 </div><div id="a15263" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:71px;">1,828</div><div id="a15265" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:89px;">2028 </div><div id="a15269" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:89px;">1,758</div><div id="a15271" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:106px;">Thereafter </div><div id="a15275" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:106px;">5,555</div><div id="a15277" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:125px;">Total </div><div id="a15280" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:497px;top:125px;">$ </div><div id="a15282" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:125px;">15,177</div></div></div></div> <div id="TextBlockContainer139" style="position:relative;line-height:normal;width:693px;height:154px;"><div id="a14731" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:362px;top:0px;">Other Intangibles </div><div id="a14741" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:206px;top:17px;">Franchise </div><div id="a14744" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:280px;top:17px;">Customer </div><div id="a14747" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:352px;top:17px;">Non-compete </div><div id="a14752" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:435px;top:17px;">Right of </div><div id="a14755" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:502px;top:17px;">Water </div><div id="a14760" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:641px;top:17px;">Total </div><div id="a14764" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:139px;top:34px;">Goodwill </div><div id="a14767" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:216px;top:34px;">rights </div><div id="a14770" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:272px;top:34px;">relationships </div><div id="a14773" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:358px;top:34px;">agreements </div><div id="a14776" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:446px;top:34px;">Use </div><div id="a14779" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:503px;top:34px;">rights </div><div id="a14782" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:556px;top:34px;">Trademark </div><div id="a14785" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:626px;top:34px;">intangibles </div><div id="a14787" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:52px;">Balance May 29, 2021 </div><div id="a14790" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:133px;top:52px;">$ </div><div id="a14792" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:155px;top:52px;">35,525</div><div id="a14795" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:200px;top:52px;">$ </div><div id="a14797" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:222px;top:52px;">16,699</div><div id="a14800" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:267px;top:52px;">$ </div><div id="a14802" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:310px;top:52px;">1,688</div><div id="a14805" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:349px;top:52px;">$ </div><div id="a14807" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:392px;top:52px;">1,019</div><div id="a14810" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:431px;top:52px;">$ </div><div id="a14812" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:465px;top:52px;">29</div><div id="a14815" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:487px;top:52px;">$ </div><div id="a14817" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:525px;top:52px;">720</div><div id="a14820" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:554px;top:52px;">$ </div><div id="a14822" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:593px;top:52px;">186</div><div id="a14825" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:622px;top:52px;">$ </div><div id="a14827" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:52px;">55,866</div><div id="a14829" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:69px;">Additions </div><div id="a14833" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:161px;top:69px;">8,481</div><div id="a14837" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:245px;top:69px;">—</div><div id="a14841" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:327px;top:69px;">—</div><div id="a14845" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:409px;top:69px;">—</div><div id="a14849" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:465px;top:69px;">10</div><div id="a14853" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:532px;top:69px;">— </div><div id="a14857" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:599px;top:69px;">—</div><div id="a14861" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:69px;">8,491</div><div id="a14863" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:86px;">Amortization </div><div id="a14867" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:178px;top:86px;">— </div><div id="a14871" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:224px;top:86px;display:flex;">(1,628)</div><div id="a14875" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:315px;top:86px;display:flex;">(362)</div><div id="a14880" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:397px;top:86px;display:flex;">(159)</div><div id="a14884" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:460px;top:86px;display:flex;">(21)</div><div id="a14888" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:532px;top:86px;">— </div><div id="a14892" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:594px;top:86px;display:flex;">(50)</div><div id="a14896" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:650px;top:86px;display:flex;">(2,220)</div><div id="a14898" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:103px;">Balance May 28, 2022 </div><div id="a14903" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:155px;top:103px;">44,006</div><div id="a14907" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:222px;top:103px;">15,071</div><div id="a14911" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:310px;top:103px;">1,326</div><div id="a14915" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:402px;top:103px;">860</div><div id="a14919" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:465px;top:103px;">18</div><div id="a14923" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:525px;top:103px;">720</div><div id="a14927" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:593px;top:103px;">136</div><div id="a14931" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:103px;">62,137</div><div id="a14933" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:120px;">Amortization </div><div id="a14937" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:178px;top:120px;">— </div><div id="a14941" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:224px;top:120px;display:flex;">(1,657)</div><div id="a14945" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:315px;top:120px;display:flex;">(356)</div><div id="a14949" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:397px;top:120px;display:flex;">(152)</div><div id="a14953" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:460px;top:120px;display:flex;">(18)</div><div id="a14957" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:532px;top:120px;">— </div><div id="a14961" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:594px;top:120px;display:flex;">(51)</div><div id="a14965" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:650px;top:120px;display:flex;">(2,234)</div><div id="a14967" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:138px;">Balance June 3, 2023 </div><div id="a14971" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:133px;top:138px;">$ </div><div id="a14973" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:155px;top:138px;">44,006</div><div id="a14976" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:200px;top:138px;">$ </div><div id="a14978" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:222px;top:138px;">13,414</div><div id="a14981" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:267px;top:138px;">$ </div><div id="a14983" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:320px;top:138px;">970</div><div id="a14986" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:349px;top:138px;">$ </div><div id="a14988" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:402px;top:138px;">708</div><div id="a14991" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:431px;top:138px;">$ </div><div id="a14993" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:465px;top:138px;">—</div><div id="a14996" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:487px;top:138px;">$ </div><div id="a14998" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:525px;top:138px;">720</div><div id="a15001" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:554px;top:138px;">$ </div><div id="a15003" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:599px;top:138px;">85</div><div id="a15006" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:622px;top:138px;">$ </div><div id="a15008" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:138px;">59,903</div></div> 35525000 16699000 1688000 1019000 29000 720000 186000 55866000 8481000 0 0 0 10000 0 8491000 1628000 362000 159000 21000 50000 2220000 44006000 15071000 1326000 860000 18000 720000 136000 62137000 1657000 356000 152000 18000 51000 2234000 44006000 13414000 970000 708000 0 720000 85000 59903000 <div id="TextBlockContainer146" style="position:relative;line-height:normal;width:693px;height:194px;"><div id="div_144_XBRL_TS_4679c554ec1d4509aea86bc7cfa1fecd" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer145" style="position:relative;line-height:normal;width:693px;height:194px;"><div id="a15022" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:338px;top:0px;">June 3, 2023 </div><div id="a15025" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:549px;top:0px;">May 28, 2022 </div><div id="a15029" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:279px;top:18px;">Gross carrying </div><div id="a15033" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:390px;top:18px;">Accumulated </div><div id="a15036" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:493px;top:18px;">Gross carrying </div><div id="a15039" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:604px;top:18px;">Accumulated </div><div id="a15043" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:299px;top:35px;">amount </div><div id="a15046" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:392px;top:35px;">amortization </div><div id="a15049" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:513px;top:35px;">amount </div><div id="a15052" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:606px;top:35px;">amortization </div><div id="a15054" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:54px;">Other intangible assets: </div><div id="a15068" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:71px;">Franchise rights </div><div id="a15072" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:270px;top:71px;">$ </div><div id="a15074" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:327px;top:71px;">29,284</div><div id="a15077" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:377px;top:71px;">$ </div><div id="a15079" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:429px;top:71px;display:flex;">(15,870)</div><div id="a15082" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:71px;">$ </div><div id="a15084" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:541px;top:71px;">29,284</div><div id="a15087" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:71px;">$ </div><div id="a15089" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:643px;top:71px;display:flex;">(14,213)</div><div id="a15091" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:89px;">Customer relationships </div><div id="a15095" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:333px;top:89px;">9,644</div><div id="a15099" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:436px;top:89px;display:flex;">(8,674)</div><div id="a15103" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:547px;top:89px;">9,644</div><div id="a15107" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:650px;top:89px;display:flex;">(8,318)</div><div id="a15109" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:106px;">Non-compete agreements </div><div id="a15115" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:333px;top:106px;">1,450</div><div id="a15119" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:445px;top:106px;display:flex;">(742)</div><div id="a15123" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:547px;top:106px;">1,450</div><div id="a15127" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:659px;top:106px;display:flex;">(590)</div><div id="a15129" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:124px;">Right of use intangible </div><div id="a15133" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:343px;top:124px;">239</div><div id="a15137" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:445px;top:124px;display:flex;">(239)</div><div id="a15141" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:558px;top:124px;">239</div><div id="a15145" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:659px;top:124px;display:flex;">(221)</div><div id="a15147" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:142px;">Water rights * </div><div id="a15151" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:343px;top:142px;">720</div><div id="a15155" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:457px;top:142px;">— </div><div id="a15159" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:558px;top:142px;">720</div><div id="a15163" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:671px;top:142px;">— </div><div id="a15165" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:159px;">Trademark </div><div id="a15169" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:343px;top:159px;">400</div><div id="a15173" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:445px;top:159px;display:flex;">(315)</div><div id="a15177" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:558px;top:159px;">400</div><div id="a15181" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:659px;top:159px;display:flex;">(264)</div><div id="a15183" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:178px;">Total </div><div id="a15186" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:270px;top:178px;">$ </div><div id="a15188" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:327px;top:178px;">41,737</div><div id="a15191" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:377px;top:178px;">$ </div><div id="a15193" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:429px;top:178px;display:flex;">(25,840)</div><div id="a15196" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:178px;">$ </div><div id="a15198" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:541px;top:178px;">41,737</div><div id="a15201" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:178px;">$ </div><div id="a15203" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:643px;top:178px;display:flex;">(23,606)</div></div></div></div><div id="TextBlockContainer149" style="position:relative;line-height:normal;width:301px;height:16px;"><div id="a15205" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:0px;">*<div style="display:inline-block;width:17px"> </div>Water rights are<div style="display:inline-block;width:5px"> </div>an indefinite life intangible asset.</div></div> 29284000 15870000 29284000 14213000 9644000 8674000 9644000 8318000 1450000 742000 1450000 590000 239000 239000 239000 221000 720000 720000 400000 -315000 400000 -264000 41737000 25840000 41737000 23606000 2200000 2200000 2500000 <div id="TextBlockContainer153" style="position:relative;line-height:normal;width:687px;height:142px;"><div id="a15235" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:0px;">For fiscal year </div><div id="a15238" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:507px;top:0px;">Estimated amortization expense </div><div id="a15240" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:18px;">2024 </div><div id="a15243" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:497px;top:18px;">$ </div><div id="a15245" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:18px;">2,170</div><div id="a15247" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:36px;">2025 </div><div id="a15251" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:36px;">2,035</div><div id="a15253" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:53px;">2026 </div><div id="a15257" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:53px;">1,831</div><div id="a15259" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:71px;">2027 </div><div id="a15263" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:71px;">1,828</div><div id="a15265" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:89px;">2028 </div><div id="a15269" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:89px;">1,758</div><div id="a15271" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:106px;">Thereafter </div><div id="a15275" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:106px;">5,555</div><div id="a15277" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:125px;">Total </div><div id="a15280" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:497px;top:125px;">$ </div><div id="a15282" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:125px;">15,177</div></div> 2170000 2035000 1831000 1828000 1758000 5555000 15177000 <div id="TextBlockContainer156" style="position:relative;line-height:normal;width:697px;height:426px;"><div id="a15286" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:bold;font-style:normal;color:#000000;left:4px;top:0px;">Note 9 - Employee Benefit Plans </div><div id="a15294" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">The Company maintains a medical plan that is qualified under Section<div style="display:inline-block;width:5px"> </div>401(a) of the Internal Revenue Code and is not subject to </div><div id="a15296" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">tax under present income tax laws. The plan is funded by contributions from the Company and its employees. Under its plan, the </div><div id="a15302" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">Company<div style="display:inline-block;width:6px"> </div>self-insures<div style="display:inline-block;width:6px"> </div>its<div style="display:inline-block;width:6px"> </div>portion<div style="display:inline-block;width:6px"> </div>of<div style="display:inline-block;width:6px"> </div>medical<div style="display:inline-block;width:6px"> </div>claims<div style="display:inline-block;width:6px"> </div>for<div style="display:inline-block;width:6px"> </div>substantially<div style="display:inline-block;width:6px"> </div>all<div style="display:inline-block;width:6px"> </div>full-time<div style="display:inline-block;width:6px"> </div>employees. The<div style="display:inline-block;width:6px"> </div>Company<div style="display:inline-block;width:6px"> </div>uses<div style="display:inline-block;width:6px"> </div>stop-loss </div><div id="a15311" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:79px;">insurance<div style="display:inline-block;width:5px"> </div>to<div style="display:inline-block;width:5px"> </div>limit<div style="display:inline-block;width:5px"> </div>its<div style="display:inline-block;width:5px"> </div>portion<div style="display:inline-block;width:5px"> </div>of<div style="display:inline-block;width:5px"> </div>medical<div style="display:inline-block;width:5px"> </div>claims<div style="display:inline-block;width:5px"> </div>to<div style="display:inline-block;width:5px"> </div>$</div><div id="a15311_53_7" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:291px;top:79px;">275,000</div><div id="a15311_60_63" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:335px;top:79px;"><div style="display:inline-block;width:5px"> </div>per<div style="display:inline-block;width:5px"> </div>occurrence. The<div style="display:inline-block;width:5px"> </div>Company's<div style="display:inline-block;width:5px"> </div>expenses<div style="display:inline-block;width:5px"> </div>including<div style="display:inline-block;width:5px"> </div>accruals<div style="display:inline-block;width:5px"> </div>for </div><div id="a15321" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:95px;">incurred but not<div style="display:inline-block;width:5px"> </div>reported claims were approximately<div style="display:inline-block;width:5px"> </div>$</div><div id="a15321_53_4" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:297px;top:95px;">21.9</div><div id="a15321_57_11" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:321px;top:95px;"><div style="display:inline-block;width:3px"> </div>million, $</div><div id="a15321_68_4" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:376px;top:95px;">24.6</div><div id="a15321_72_15" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:400px;top:95px;"><div style="display:inline-block;width:3px"> </div>million, and $</div><div id="a15321_87_4" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:478px;top:95px;">21.7</div><div id="a15321_91_37" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:501px;top:95px;"><div style="display:inline-block;width:3px"> </div>million in fiscal years<div style="display:inline-block;width:5px"> </div>2023, 2022, </div><div id="a15341" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:111px;">and 2021, respectively.<div style="display:inline-block;width:6px"> </div>The liability recorded<div style="display:inline-block;width:5px"> </div>for incurred but<div style="display:inline-block;width:5px"> </div>not reported claims<div style="display:inline-block;width:5px"> </div>was $</div><div id="a15341_89_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:480px;top:111px;">2.9</div><div id="a15341_92_14" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:497px;top:111px;"><div style="display:inline-block;width:3px"> </div>million and $</div><div id="a15341_106_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:572px;top:111px;">2.8</div><div id="a15341_109_20" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:589px;top:111px;"><div style="display:inline-block;width:3px"> </div>million as of<div style="display:inline-block;width:5px"> </div>June </div><div id="a15360" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:126px;">3,<div style="display:inline-block;width:5px"> </div>2023<div style="display:inline-block;width:5px"> </div>and<div style="display:inline-block;width:5px"> </div>May 28,<div style="display:inline-block;width:6px"> </div>2022,<div style="display:inline-block;width:5px"> </div>respectively<div style="display:inline-block;width:5px"> </div>and<div style="display:inline-block;width:5px"> </div>are classified<div style="display:inline-block;width:6px"> </div>within<div style="display:inline-block;width:5px"> </div>“Accrued<div style="display:inline-block;width:5px"> </div>expenses<div style="display:inline-block;width:5px"> </div>and<div style="display:inline-block;width:5px"> </div>other<div style="display:inline-block;width:5px"> </div>liabilities”<div style="display:inline-block;width:5px"> </div>in<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>Company’s </div><div id="a15370" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:142px;">Consolidated Balance Sheets. </div><div id="a15374" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:174px;">The Company<div style="display:inline-block;width:5px"> </div>has a KSOP<div style="display:inline-block;width:5px"> </div>plan that<div style="display:inline-block;width:5px"> </div>covers substantially<div style="display:inline-block;width:5px"> </div>all employees<div style="display:inline-block;width:5px"> </div>(the “Plan”). The<div style="display:inline-block;width:5px"> </div>Company makes<div style="display:inline-block;width:5px"> </div>contributions to<div style="display:inline-block;width:5px"> </div>the </div><div id="a15379" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:189px;">Plan at a rate of </div><div id="a15379_18_1" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:91px;top:189px;">3</div><div id="a15379_19_112" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:98px;top:189px;">% of participants eligible compensation, plus an additional amount determined at the discretion of the Board of </div><div id="a15383" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:205px;">Directors. Contributions<div style="display:inline-block;width:5px"> </div>can be<div style="display:inline-block;width:6px"> </div>made<div style="display:inline-block;width:5px"> </div>in cash<div style="display:inline-block;width:6px"> </div>or<div style="display:inline-block;width:5px"> </div>the Company’s<div style="display:inline-block;width:7px"> </div>Common<div style="display:inline-block;width:5px"> </div>Stock,<div style="display:inline-block;width:5px"> </div>and vest<div style="display:inline-block;width:6px"> </div>immediately. The<div style="display:inline-block;width:6px"> </div>Company’s<div style="display:inline-block;width:6px"> </div>cash </div><div id="a15394" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:221px;">contributions to the Plan were $</div><div id="a15394_32_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:174px;top:221px;">4.3</div><div id="a15394_35_11" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:191px;top:221px;"><div style="display:inline-block;width:3px"> </div>million, $</div><div id="a15394_46_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:246px;top:221px;">3.9</div><div id="a15394_49_15" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:262px;top:221px;"><div style="display:inline-block;width:3px"> </div>million, and $</div><div id="a15394_64_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:340px;top:221px;">3.8</div><div id="a15394_67_64" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:356px;top:221px;"><div style="display:inline-block;width:3px"> </div>million in fiscal years 2023, 2022 and 2021, respectively. The </div><div id="a15422" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:237px;">Company did </div><div id="a15422_12_2" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:80px;top:237px;">no</div><div id="a15422_14_108" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:93px;top:237px;">t make direct contributions of the Company’s<div style="display:inline-block;width:5px"> </div>Common Stock in fiscal years 2023, 2022, or 2021. Dividends on </div><div id="a15434" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:253px;">the Company’s Common Stock are paid to the Plan in cash. The Plan acquires the Company’s Common Stock, which is listed on </div><div id="a15443" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:268px;">the NASDAQ, by<div style="display:inline-block;width:5px"> </div>using the dividends<div style="display:inline-block;width:5px"> </div>and the Company’s<div style="display:inline-block;width:6px"> </div>cash contribution to<div style="display:inline-block;width:5px"> </div>purchase shares in<div style="display:inline-block;width:5px"> </div>the public markets.<div style="display:inline-block;width:5px"> </div>The Plan </div><div id="a15446" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:284px;">sells Common Stock on the NASDAQ to pay benefits to Plan participants. Participants may make contributions to the Plan up to </div><div id="a15453" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:300px;">the maximum allowed by the Internal Revenue Service regulations.<div style="display:inline-block;width:5px"> </div>The Company does not match participant contributions. </div><div id="a15458" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:bold;font-style:normal;color:#000000;left:4px;top:331px;">Deferred Compensation Plans </div><div id="a15461" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:363px;">The<div style="display:inline-block;width:5px"> </div>Company<div style="display:inline-block;width:5px"> </div>has<div style="display:inline-block;width:5px"> </div>deferred<div style="display:inline-block;width:6px"> </div>compensation<div style="display:inline-block;width:6px"> </div>agreements<div style="display:inline-block;width:5px"> </div>with<div style="display:inline-block;width:5px"> </div>certain<div style="display:inline-block;width:5px"> </div>officers<div style="display:inline-block;width:6px"> </div>for<div style="display:inline-block;width:5px"> </div>payments<div style="display:inline-block;width:5px"> </div>to<div style="display:inline-block;width:5px"> </div>be<div style="display:inline-block;width:5px"> </div>made<div style="display:inline-block;width:5px"> </div>over<div style="display:inline-block;width:5px"> </div>specified<div style="display:inline-block;width:5px"> </div>periods </div><div id="a15462" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:379px;">beginning when the officers<div style="display:inline-block;width:5px"> </div>reach age </div><div id="a15462_38_2" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:212px;top:379px;">65</div><div id="a15462_40_86" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:225px;top:379px;"><div style="display:inline-block;width:4px"> </div>or over as specified in the<div style="display:inline-block;width:5px"> </div>agreements. Amounts accrued for the<div style="display:inline-block;width:5px"> </div>agreements are based </div><div id="a15469" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:395px;">upon<div style="display:inline-block;width:5px"> </div>deferred<div style="display:inline-block;width:5px"> </div>compensation<div style="display:inline-block;width:5px"> </div>earned<div style="display:inline-block;width:5px"> </div>over<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>estimated<div style="display:inline-block;width:5px"> </div>remaining<div style="display:inline-block;width:5px"> </div>service<div style="display:inline-block;width:5px"> </div>period<div style="display:inline-block;width:5px"> </div>of<div style="display:inline-block;width:5px"> </div>each officer.<div style="display:inline-block;width:6px"> </div>Payments<div style="display:inline-block;width:5px"> </div>made<div style="display:inline-block;width:5px"> </div>under<div style="display:inline-block;width:5px"> </div>these </div><div id="a15473" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:410px;">agreements<div style="display:inline-block;width:5px"> </div>were<div style="display:inline-block;width:5px"> </div>$</div><div id="a15473_17_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:108px;top:410px;">170</div><div id="a15473_20_102" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:128px;top:410px;"><div style="display:inline-block;width:5px"> </div>thousand in<div style="display:inline-block;width:5px"> </div>fiscal<div style="display:inline-block;width:5px"> </div>years<div style="display:inline-block;width:5px"> </div>2023,<div style="display:inline-block;width:5px"> </div>2022<div style="display:inline-block;width:5px"> </div>and<div style="display:inline-block;width:5px"> </div>2021. The<div style="display:inline-block;width:5px"> </div>liability<div style="display:inline-block;width:5px"> </div>recorded<div style="display:inline-block;width:5px"> </div>related<div style="display:inline-block;width:5px"> </div>to<div style="display:inline-block;width:5px"> </div>these<div style="display:inline-block;width:5px"> </div>agreements<div style="display:inline-block;width:5px"> </div>was </div></div><div id="TextBlockContainer158" style="position:relative;line-height:normal;width:701px;height:662px;"><div id="a15498" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:0px;">$</div><div id="a15498_1_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:11px;top:0px;">1.0</div><div id="a15498_4_14" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:28px;top:0px;"><div style="display:inline-block;width:3px"> </div>million<div style="display:inline-block;width:5px"> </div>and<div style="display:inline-block;width:6px"> </div>$</div><div id="a15498_18_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:107px;top:0px;">1.1</div><div id="a15498_21_100" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:123px;top:0px;"><div style="display:inline-block;width:5px"> </div>million<div style="display:inline-block;width:5px"> </div>at<div style="display:inline-block;width:5px"> </div>June<div style="display:inline-block;width:6px"> </div>3,<div style="display:inline-block;width:6px"> </div>2023<div style="display:inline-block;width:6px"> </div>and<div style="display:inline-block;width:5px"> </div>May<div style="display:inline-block;width:6px"> </div>28,<div style="display:inline-block;width:5px"> </div>2022,<div style="display:inline-block;width:6px"> </div>respectively<div style="display:inline-block;width:6px"> </div>and<div style="display:inline-block;width:5px"> </div>are<div style="display:inline-block;width:5px"> </div>classified<div style="display:inline-block;width:6px"> </div>within<div style="display:inline-block;width:6px"> </div>“Other<div style="display:inline-block;width:6px"> </div>noncurrent </div><div id="a15518" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:16px;">liabilities” in the Company’s Consolidated<div style="display:inline-block;width:5px"> </div>Balance Sheets. </div><div id="a15521" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">The<div style="display:inline-block;width:5px"> </div>Company<div style="display:inline-block;width:5px"> </div>sponsors<div style="display:inline-block;width:5px"> </div>an<div style="display:inline-block;width:5px"> </div>unfunded,<div style="display:inline-block;width:5px"> </div>non-qualified<div style="display:inline-block;width:6px"> </div>deferred<div style="display:inline-block;width:5px"> </div>compensation<div style="display:inline-block;width:5px"> </div>plan,<div style="display:inline-block;width:6px"> </div>which<div style="display:inline-block;width:5px"> </div>was<div style="display:inline-block;width:5px"> </div>amended<div style="display:inline-block;width:6px"> </div>and<div style="display:inline-block;width:5px"> </div>restated<div style="display:inline-block;width:5px"> </div>effective </div><div id="a15526" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">December 1, 2021 (the “Amended DC Plan”) to expand eligibility for participation from named officers only to a select group of </div><div id="a15530" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:79px;">management or highly<div style="display:inline-block;width:5px"> </div>compensated employees of<div style="display:inline-block;width:5px"> </div>the Company,<div style="display:inline-block;width:5px"> </div>expand the investment options<div style="display:inline-block;width:5px"> </div>available and add the<div style="display:inline-block;width:5px"> </div>ability of </div><div id="a15531" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:95px;">participants<div style="display:inline-block;width:5px"> </div>to<div style="display:inline-block;width:5px"> </div>make<div style="display:inline-block;width:5px"> </div>elective<div style="display:inline-block;width:5px"> </div>deferrals.<div style="display:inline-block;width:5px"> </div>Participants<div style="display:inline-block;width:5px"> </div>may<div style="display:inline-block;width:5px"> </div>be<div style="display:inline-block;width:5px"> </div>awarded<div style="display:inline-block;width:5px"> </div>long-term<div style="display:inline-block;width:5px"> </div>incentive<div style="display:inline-block;width:5px"> </div>contributions<div style="display:inline-block;width:5px"> </div>(“Awards”)<div style="display:inline-block;width:6px"> </div>under<div style="display:inline-block;width:5px"> </div>the </div><div id="a15536" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:111px;">Amended DC Plan.<div style="display:inline-block;width:5px"> </div>Awards<div style="display:inline-block;width:5px"> </div>vest on December 31</div><div id="a15539" style="position:absolute;font-family:'Times New Roman';font-size:8.64px;font-weight:normal;font-style:normal;color:#000000;left:272px;top:110px;">st</div><div id="a15540" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:278px;top:111px;"><div style="display:inline-block;width:4px"> </div>of the fifth year<div style="display:inline-block;width:5px"> </div>after such contribution is<div style="display:inline-block;width:5px"> </div>credited to the<div style="display:inline-block;width:5px"> </div>Amended DC Plan </div><div id="a15543" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:126px;">or, if earlier, the participant’s attainment of age </div><div id="a15543_52_2" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:256px;top:126px;">60</div><div id="a15543_54_6" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:270px;top:126px;"><div style="display:inline-block;width:3px"> </div>with </div><div id="a15543_60_1" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:299px;top:126px;">5</div><div id="a15543_61_65" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:306px;top:126px;"><div style="display:inline-block;width:3px"> </div>years of service. Awards issued under the Amended DC<div style="display:inline-block;width:2px"> </div>Plan were $</div><div id="a15543_126_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:669px;top:126px;">388</div><div id="a15564" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:142px;">thousand, $</div><div id="a15564_11_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:67px;top:142px;">340</div><div id="a15564_14_16" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:87px;top:142px;"><div style="display:inline-block;width:4px"> </div>thousand, and $</div><div id="a15564_30_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:175px;top:142px;">279</div><div id="a15564_33_88" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:196px;top:142px;"><div style="display:inline-block;width:4px"> </div>thousand in fiscal<div style="display:inline-block;width:5px"> </div>2023, 2022,<div style="display:inline-block;width:5px"> </div>and 2021, respectively.<div style="display:inline-block;width:6px"> </div>Payments made<div style="display:inline-block;width:5px"> </div>under the<div style="display:inline-block;width:5px"> </div>Amended </div><div id="a15576" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:158px;">DC Plan were $</div><div id="a15576_14_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:88px;top:158px;">410</div><div id="a15576_17_12" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:108px;top:158px;"><div style="display:inline-block;width:3px"> </div>thousand, $</div><div id="a15576_29_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:171px;top:158px;">480</div><div id="a15576_32_15" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:191px;top:158px;"><div style="display:inline-block;width:3px"> </div>thousand and $</div><div id="a15576_47_2" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:274px;top:158px;">55</div><div id="a15576_49_78" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:287px;top:158px;"><div style="display:inline-block;width:3px"> </div>thousand in fiscal 2023,<div style="display:inline-block;width:2px"> </div>2022 and 2021, respectively. The liability recorded </div><div id="a15606" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:174px;">for the Amended DC Plan was $</div><div id="a15606_29_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:178px;top:174px;">4.6</div><div id="a15606_32_11" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:195px;top:174px;"><div style="display:inline-block;width:3px"> </div>million, $</div><div id="a15606_43_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:250px;top:174px;">4.5</div><div id="a15606_46_14" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:267px;top:174px;"><div style="display:inline-block;width:3px"> </div>million and $</div><div id="a15606_60_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:341px;top:174px;">4.1</div><div id="a15606_63_62" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:358px;top:174px;"><div style="display:inline-block;width:3px"> </div>million at June 3, 2023, May 28, 2022 and 2021, respectively </div><div id="a15632" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:189px;">and is classified within “Other noncurrent liabilities” in the Company’s<div style="display:inline-block;width:6px"> </div>Consolidated Balance Sheets. </div><div id="a15639" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:221px;">Deferred compensation expense for<div style="display:inline-block;width:5px"> </div>both plans totaled $</div><div id="a15639_54_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:304px;top:221px;">346</div><div id="a15639_57_12" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:324px;top:221px;"><div style="display:inline-block;width:3px"> </div>thousand, $</div><div id="a15639_69_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:389px;top:221px;">258</div><div id="a15639_72_15" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:409px;top:221px;"><div style="display:inline-block;width:4px"> </div>thousand and $</div><div id="a15639_87_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:494px;top:221px;">1.6</div><div id="a15639_90_35" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:511px;top:221px;"><div style="display:inline-block;width:4px"> </div>million in fiscal 2023, 2022,<div style="display:inline-block;width:5px"> </div>and </div><div id="a15660" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:237px;">2021,<div style="display:inline-block;width:3px"> </div>respectively. </div><div id="a15664" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:bold;font-style:normal;color:#000000;left:4px;top:268px;">Other Postretirement Employee Benefits </div><div id="a15669" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:300px;">The Company<div style="display:inline-block;width:5px"> </div>maintains an<div style="display:inline-block;width:5px"> </div>unfunded postretirement<div style="display:inline-block;width:5px"> </div>medical plan to<div style="display:inline-block;width:5px"> </div>provide limited<div style="display:inline-block;width:5px"> </div>health benefits to<div style="display:inline-block;width:5px"> </div>certain qualified<div style="display:inline-block;width:5px"> </div>retired </div><div id="a15671" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:316px;">employees<div style="display:inline-block;width:5px"> </div>and officers.<div style="display:inline-block;width:5px"> </div>Retired non-officers<div style="display:inline-block;width:6px"> </div>and<div style="display:inline-block;width:5px"> </div>spouses are<div style="display:inline-block;width:6px"> </div>eligible for<div style="display:inline-block;width:6px"> </div>coverage<div style="display:inline-block;width:5px"> </div>until attainment<div style="display:inline-block;width:6px"> </div>of Medicare<div style="display:inline-block;width:6px"> </div>eligibility,<div style="display:inline-block;width:6px"> </div>at </div><div id="a15677" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:331px;">which time coverage<div style="display:inline-block;width:6px"> </div>ceases. Retired officers<div style="display:inline-block;width:5px"> </div>and spouses<div style="display:inline-block;width:5px"> </div>are eligible for<div style="display:inline-block;width:5px"> </div>lifetime benefits under<div style="display:inline-block;width:5px"> </div>the plan. Officers,<div style="display:inline-block;width:5px"> </div>who retired </div><div id="a15682" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:347px;">prior to May 1, 2012 and their spouses must participate in Medicare<div style="display:inline-block;width:5px"> </div>Plans A and B. Officers, who retire on or after May 1, 2012 </div><div id="a15695" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:363px;">and their spouses must participate in Medicare Plans A, B, and D.<div style="display:inline-block;width:4px"> </div></div><div id="a15701" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:395px;">The plan is accounted for<div style="display:inline-block;width:2px"> </div>in accordance with ASC<div style="display:inline-block;width:2px"> </div>715, Compensation – Retirement Benefits (“ASC<div style="display:inline-block;width:2px"> </div>715”), whereby an employer </div><div id="a15708" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:410px;">recognizes the funded status of a defined benefit postretirement plan as<div style="display:inline-block;width:2px"> </div>an asset or liability, and recognizes changes in the funded </div><div id="a15710" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:426px;">status in the year the change occurs through comprehensive income. Additionally,<div style="display:inline-block;width:5px"> </div>this expense is recognized on an accrual basis </div><div id="a15713" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:442px;">over the employees’ approximate period of employment. The liability associated with the plan was $</div><div id="a15713_98_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:540px;top:442px;">2.7</div><div id="a15713_101_14" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:556px;top:442px;"><div style="display:inline-block;width:3px"> </div>million and $</div><div id="a15713_115_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:630px;top:442px;">3.4</div><div id="a15713_118_9" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:647px;top:442px;"><div style="display:inline-block;width:3px"> </div>million </div><div id="a15726" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:458px;">at<div style="display:inline-block;width:5px"> </div>June<div style="display:inline-block;width:5px"> </div>3,<div style="display:inline-block;width:5px"> </div>2023<div style="display:inline-block;width:5px"> </div>and<div style="display:inline-block;width:5px"> </div>May<div style="display:inline-block;width:5px"> </div>28,<div style="display:inline-block;width:5px"> </div>2022,<div style="display:inline-block;width:5px"> </div>respectively. The<div style="display:inline-block;width:6px"> </div>remaining<div style="display:inline-block;width:5px"> </div>disclosures<div style="display:inline-block;width:5px"> </div>associated<div style="display:inline-block;width:5px"> </div>with<div style="display:inline-block;width:5px"> </div>ASC<div style="display:inline-block;width:5px"> </div>715<div style="display:inline-block;width:5px"> </div>are<div style="display:inline-block;width:5px"> </div>immaterial<div style="display:inline-block;width:5px"> </div>to<div style="display:inline-block;width:5px"> </div>the </div><div id="a15735" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:474px;">Company’s financial statements. </div><div id="a15739" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:505px;">Effective<div style="display:inline-block;width:5px"> </div>March 1,<div style="display:inline-block;width:6px"> </div>2023,<div style="display:inline-block;width:5px"> </div>the Company<div style="display:inline-block;width:6px"> </div>adopted<div style="display:inline-block;width:5px"> </div>a non-qualified<div style="display:inline-block;width:6px"> </div>supplemental<div style="display:inline-block;width:5px"> </div>executive retirement<div style="display:inline-block;width:6px"> </div>plan<div style="display:inline-block;width:5px"> </div>(“SERP”) and<div style="display:inline-block;width:6px"> </div>a split </div><div id="a15742" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:521px;">dollar life insurance plan (“Split Dollar Plan”) designed<div style="display:inline-block;width:5px"> </div>to provide deferred compensation and a pre-retirement<div style="display:inline-block;width:5px"> </div>death benefit for </div><div id="a15746" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:536px;">a<div style="display:inline-block;width:5px"> </div>select<div style="display:inline-block;width:5px"> </div>group<div style="display:inline-block;width:5px"> </div>of<div style="display:inline-block;width:5px"> </div>management<div style="display:inline-block;width:5px"> </div>or<div style="display:inline-block;width:5px"> </div>highly<div style="display:inline-block;width:5px"> </div>compensated<div style="display:inline-block;width:5px"> </div>employees<div style="display:inline-block;width:5px"> </div>of<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>Company.<div style="display:inline-block;width:6px"> </div>Provided<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>vesting<div style="display:inline-block;width:5px"> </div>conditions<div style="display:inline-block;width:5px"> </div>are<div style="display:inline-block;width:5px"> </div>met, </div><div id="a15747" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:552px;">participants in the SERP are eligible to receive an aggregate retirement benefit of $</div><div id="a15747_85_7" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:447px;top:552px;">500,000</div><div id="a15747_92_39" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:491px;top:552px;">, which is paid in annual installments </div><div id="a15751" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:567px;">of $</div><div id="a15751_4_6" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:26px;top:567px;">50,000</div><div id="a15751_10_5" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:63px;top:567px;"><div style="display:inline-block;width:4px"> </div>for </div><div id="a15751_15_8" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:86px;top:567px;">10 years</div><div id="a15751_23_62" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:131px;top:567px;">. A participant<div style="display:inline-block;width:5px"> </div>becomes vested in<div style="display:inline-block;width:5px"> </div>the retirement benefit<div style="display:inline-block;width:5px"> </div>over </div><div id="a15751_85_10" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:461px;top:567px;">five years</div><div id="a15751_95_26" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:514px;top:567px;"><div style="display:inline-block;width:4px"> </div>of plan participation<div style="display:inline-block;width:5px"> </div>at </div><div id="a15751_121_2" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:643px;top:567px;">20</div><div id="a15751_123_6" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:657px;top:567px;">% per </div><div id="a15762" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:583px;">year. If a participant becomes disabled, attains the retirement age of 65, or the Company experiences a change in control, vesting </div><div id="a15764" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:599px;">will be<div style="display:inline-block;width:5px"> </div>accelerated to </div><div id="a15764_23_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:124px;top:599px;">100</div><div id="a15764_26_101" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:144px;top:599px;">%. If<div style="display:inline-block;width:5px"> </div>a participant<div style="display:inline-block;width:5px"> </div>dies while<div style="display:inline-block;width:5px"> </div>employed, he<div style="display:inline-block;width:5px"> </div>or she<div style="display:inline-block;width:5px"> </div>will not<div style="display:inline-block;width:5px"> </div>receive any<div style="display:inline-block;width:5px"> </div>benefits under<div style="display:inline-block;width:5px"> </div>the SERP,<div style="display:inline-block;width:6px"> </div>but </div><div id="a15767" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:614px;">their beneficiaries<div style="display:inline-block;width:5px"> </div>will instead be<div style="display:inline-block;width:5px"> </div>entitled to the<div style="display:inline-block;width:5px"> </div>life insurance benefit<div style="display:inline-block;width:5px"> </div>provided under<div style="display:inline-block;width:5px"> </div>the Split Dollar<div style="display:inline-block;width:5px"> </div>Plan, which<div style="display:inline-block;width:5px"> </div>is $500,000.<div style="display:inline-block;width:7px"> </div></div><div id="a15770" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:630px;">The liability recorded<div style="display:inline-block;width:5px"> </div>for these plans was<div style="display:inline-block;width:5px"> </div>$</div><div id="a15770_44_2" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:237px;top:630px;">63</div><div id="a15770_46_85" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:250px;top:630px;"><div style="display:inline-block;width:4px"> </div>thousand at June 3,<div style="display:inline-block;width:5px"> </div>2023 and is classified<div style="display:inline-block;width:5px"> </div>within “Other noncurrent<div style="display:inline-block;width:5px"> </div>liabilities” in </div><div id="a15779" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:645px;">the Company’s Consolidated Balance<div style="display:inline-block;width:5px"> </div>Sheets.</div></div> 275000 21900000 24600000 21700000 2900000 2800000 0.03 4300000 3900000 3800000 0 0 0 P65Y 170000 170000 170000 1000000.0 1100000 P60Y P5Y 388000 340000 279000 410000 480000 55000 4600000 4500000 4100000 346000 258000 1600000 2700000 3400000 500000 50000 P10Y P5Y 0.20 1 63000 <div id="TextBlockContainer160" style="position:relative;line-height:normal;width:697px;height:237px;"><div id="a15782" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:bold;font-style:normal;color:#000000;left:4px;top:0px;">Note 10 - Credit Facility </div><div id="a15790" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">For<div style="display:inline-block;width:5px"> </div>fiscal<div style="display:inline-block;width:5px"> </div>years<div style="display:inline-block;width:5px"> </div>2023,<div style="display:inline-block;width:5px"> </div>2022<div style="display:inline-block;width:5px"> </div>and<div style="display:inline-block;width:5px"> </div>2021,<div style="display:inline-block;width:5px"> </div>interest<div style="display:inline-block;width:5px"> </div>expense<div style="display:inline-block;width:5px"> </div>was<div style="display:inline-block;width:5px"> </div>$</div><div id="a15790_60_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:344px;top:32px;">583</div><div id="a15790_63_12" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:364px;top:32px;"><div style="display:inline-block;width:3px"> </div>thousand,<div style="display:inline-block;width:5px"> </div>$</div><div id="a15790_75_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:431px;top:32px;">403</div><div id="a15790_78_16" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:451px;top:32px;"><div style="display:inline-block;width:3px"> </div>thousand,<div style="display:inline-block;width:5px"> </div>and<div style="display:inline-block;width:5px"> </div>$</div><div id="a15790_94_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:542px;top:32px;">213</div><div id="a15790_97_25" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:562px;top:32px;"><div style="display:inline-block;width:3px"> </div>thousand,<div style="display:inline-block;width:5px"> </div>respectively, </div><div id="a15815" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">primarily related to commitment fees on the Credit Facility described below. </div><div id="a15818" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:79px;">On May<div style="display:inline-block;width:5px"> </div>26, 2023,<div style="display:inline-block;width:5px"> </div>we entered<div style="display:inline-block;width:5px"> </div>into the<div style="display:inline-block;width:5px"> </div>First Amendment<div style="display:inline-block;width:5px"> </div>(the “Amendment”)<div style="display:inline-block;width:5px"> </div>to the<div style="display:inline-block;width:5px"> </div>Amended and<div style="display:inline-block;width:5px"> </div>Restated Credit<div style="display:inline-block;width:5px"> </div>Agreement, </div><div id="a15824" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:95px;">dated November 15, 2021 (as amended, the “Credit Agreement”).<div style="display:inline-block;width:5px"> </div>The Amendment replaced the London Interbank Offered Rate </div><div id="a15827" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:111px;">interest rate benchmark<div style="display:inline-block;width:5px"> </div>with the secured overnight<div style="display:inline-block;width:5px"> </div>financing rate as administered<div style="display:inline-block;width:5px"> </div>by the Federal Reserve<div style="display:inline-block;width:5px"> </div>Bank of New York<div style="display:inline-block;width:6px"> </div>or </div><div id="a15830" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:126px;">a successor<div style="display:inline-block;width:6px"> </div>administrator<div style="display:inline-block;width:5px"> </div>of the<div style="display:inline-block;width:6px"> </div>secured overnight<div style="display:inline-block;width:6px"> </div>financing<div style="display:inline-block;width:5px"> </div>rate (“SOFR”).<div style="display:inline-block;width:6px"> </div>The Credit<div style="display:inline-block;width:6px"> </div>Agreement<div style="display:inline-block;width:5px"> </div>has a </div><div id="a15830_103_4" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:583px;top:126px;-sec-ix-hidden:ID_1004;">five</div><div id="a15830_107_16" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:604px;top:126px;">-year term.<div style="display:inline-block;width:6px"> </div>The </div><div id="a15837" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:142px;">Credit<div style="display:inline-block;width:6px"> </div>Agreement<div style="display:inline-block;width:6px"> </div>provides<div style="display:inline-block;width:6px"> </div>for<div style="display:inline-block;width:6px"> </div>a<div style="display:inline-block;width:6px"> </div>senior<div style="display:inline-block;width:6px"> </div>secured<div style="display:inline-block;width:6px"> </div>revolving<div style="display:inline-block;width:6px"> </div>credit<div style="display:inline-block;width:6px"> </div>facility<div style="display:inline-block;width:6px"> </div>(the<div style="display:inline-block;width:6px"> </div>“Credit<div style="display:inline-block;width:6px"> </div>Facility”<div style="display:inline-block;width:6px"> </div>or<div style="display:inline-block;width:6px"> </div>“Revolver”)<div style="display:inline-block;width:6px"> </div>in<div style="display:inline-block;width:6px"> </div>an<div style="display:inline-block;width:6px"> </div>initial </div><div id="a15841" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:158px;">aggregate principal<div style="display:inline-block;width:6px"> </div>amount of<div style="display:inline-block;width:5px"> </div>up to<div style="display:inline-block;width:5px"> </div>$</div><div id="a15841_37_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:210px;top:158px;">250</div><div id="a15841_40_28" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:230px;top:158px;"><div style="display:inline-block;width:4px"> </div>million, which<div style="display:inline-block;width:5px"> </div>includes a<div style="display:inline-block;width:5px"> </div>$</div><div id="a15841_68_2" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:382px;top:158px;">15</div><div id="a15841_70_57" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:396px;top:158px;"><div style="display:inline-block;width:4px"> </div>million sublimit<div style="display:inline-block;width:5px"> </div>for the<div style="display:inline-block;width:5px"> </div>issuance of<div style="display:inline-block;width:5px"> </div>standby letters<div style="display:inline-block;width:5px"> </div>of </div><div id="a15848" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:174px;">credit and a $</div><div id="a15848_14_2" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:77px;top:174px;">15</div><div id="a15848_16_115" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:90px;top:174px;"><div style="display:inline-block;width:4px"> </div>million sublimit for swingline loans.<div style="display:inline-block;width:5px"> </div>The Credit Facility also includes<div style="display:inline-block;width:5px"> </div>an accordion feature permitting, with the </div><div id="a15853" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:189px;">consent of BMO<div style="display:inline-block;width:5px"> </div>Harris Bank N.A.<div style="display:inline-block;width:5px"> </div>(the “Administrative<div style="display:inline-block;width:5px"> </div>Agent”), an increase<div style="display:inline-block;width:5px"> </div>in the Credit<div style="display:inline-block;width:5px"> </div>Facility in the<div style="display:inline-block;width:5px"> </div>aggregate up to<div style="display:inline-block;width:5px"> </div>$</div><div id="a15853_121_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:669px;top:189px;">200</div><div id="a15856" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:205px;">million by adding one or more<div style="display:inline-block;width:2px"> </div>incremental senior secured term loans or increasing one<div style="display:inline-block;width:2px"> </div>or more times the revolving commitments </div><div id="a15858" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:221px;">under the Revolver. </div><div id="a15858_20_2" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:115px;top:221px;">No</div><div id="a15858_22_102" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:131px;top:221px;"><div style="display:inline-block;width:4px"> </div>amounts were borrowed<div style="display:inline-block;width:5px"> </div>under the facility<div style="display:inline-block;width:5px"> </div>as of June<div style="display:inline-block;width:5px"> </div>3, 2023 or<div style="display:inline-block;width:5px"> </div>May 28, 2022<div style="display:inline-block;width:5px"> </div>or during fiscal<div style="display:inline-block;width:5px"> </div>2023 or </div></div><div id="TextBlockContainer162" style="position:relative;line-height:normal;width:701px;height:632px;"><div id="a15874" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:0px;">fiscal 2022.<div style="display:inline-block;width:6px"> </div>The Company<div style="display:inline-block;width:5px"> </div>had $</div><div id="a15874_30_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:183px;top:0px;">4.3</div><div id="a15874_33_94" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:200px;top:0px;"><div style="display:inline-block;width:4px"> </div>million of<div style="display:inline-block;width:5px"> </div>outstanding standby<div style="display:inline-block;width:6px"> </div>letters of<div style="display:inline-block;width:5px"> </div>credit issued<div style="display:inline-block;width:5px"> </div>under the<div style="display:inline-block;width:5px"> </div>Credit Facility<div style="display:inline-block;width:5px"> </div>at June<div style="display:inline-block;width:5px"> </div>3, </div><div id="a15885" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:16px;">2023. </div><div id="a15889" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">The<div style="display:inline-block;width:5px"> </div>interest<div style="display:inline-block;width:5px"> </div>rate<div style="display:inline-block;width:5px"> </div>in<div style="display:inline-block;width:5px"> </div>connection<div style="display:inline-block;width:5px"> </div>with<div style="display:inline-block;width:5px"> </div>loans<div style="display:inline-block;width:5px"> </div>made<div style="display:inline-block;width:5px"> </div>under<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>Credit<div style="display:inline-block;width:5px"> </div>Facility<div style="display:inline-block;width:5px"> </div>is<div style="display:inline-block;width:5px"> </div>based<div style="display:inline-block;width:5px"> </div>on,<div style="display:inline-block;width:5px"> </div>at<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>Company’s<div style="display:inline-block;width:6px"> </div>election,<div style="display:inline-block;width:5px"> </div>either<div style="display:inline-block;width:5px"> </div>the </div><div id="a15891" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">Adjusted Term SOFR Rate plus the<div style="display:inline-block;width:1px"> </div>Applicable Margin or the<div style="display:inline-block;width:2px"> </div>Base Rate plus<div style="display:inline-block;width:2px"> </div>the Applicable Margin. The “Adjusted<div style="display:inline-block;width:2px"> </div>Term SOFR” </div><div id="a15894" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:79px;">means with respect to any tenor,<div style="display:inline-block;width:5px"> </div>the per annum rate equal to the sum of<div style="display:inline-block;width:5px"> </div>(i) Term<div style="display:inline-block;width:5px"> </div>SOFR as defined in the Credit Agreement<div style="display:inline-block;width:5px"> </div>plus </div><div id="a15900" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:95px;">(ii) </div><div id="a15900_5_4" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:25px;top:95px;">0.10</div><div id="a15900_9_117" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:48px;top:95px;">% (10 basis<div style="display:inline-block;width:5px"> </div>points); provided,<div style="display:inline-block;width:5px"> </div>if Adjusted Term<div style="display:inline-block;width:6px"> </div>SOFR determined<div style="display:inline-block;width:5px"> </div>as provided above<div style="display:inline-block;width:5px"> </div>shall ever be<div style="display:inline-block;width:5px"> </div>less than the<div style="display:inline-block;width:5px"> </div>Floor, </div><div id="a15903" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:111px;">then Adjusted<div style="display:inline-block;width:5px"> </div>Term<div style="display:inline-block;width:5px"> </div>SOFR shall<div style="display:inline-block;width:5px"> </div>be deemed<div style="display:inline-block;width:5px"> </div>to be<div style="display:inline-block;width:5px"> </div>the Floor.<div style="display:inline-block;width:5px"> </div>The “Floor”<div style="display:inline-block;width:5px"> </div>means the<div style="display:inline-block;width:5px"> </div>rate per<div style="display:inline-block;width:5px"> </div>annum of<div style="display:inline-block;width:5px"> </div>interest equal<div style="display:inline-block;width:5px"> </div>to </div><div id="a15903_115_4" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:651px;top:111px;">0.00</div><div id="a15903_119_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:674px;top:111px;">%. </div><div id="a15909" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:126px;">The “Base Rate” means a fluctuating rate per annum<div style="display:inline-block;width:5px"> </div>equal to the highest of (a) the federal funds rate<div style="display:inline-block;width:5px"> </div>plus </div><div id="a15909_107_4" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:572px;top:126px;">0.50</div><div id="a15909_111_17" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:595px;top:126px;">% per annum, (b) </div><div id="a15912" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:142px;">the prime rate of<div style="display:inline-block;width:5px"> </div>interest established by the<div style="display:inline-block;width:5px"> </div>Administrative Agent, and<div style="display:inline-block;width:5px"> </div>(c) the Adjusted Term<div style="display:inline-block;width:6px"> </div>SOFR for a </div><div id="a15912_105_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:574px;top:142px;-sec-ix-hidden:ID_945;">one</div><div id="a15912_108_18" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:593px;top:142px;">-month tenor plus </div><div id="a15918" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:158px;">1.00</div><div id="a15918_4_33" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:28px;top:158px;">%. The<div style="display:inline-block;width:5px"> </div>“Applicable Margin”<div style="display:inline-block;width:6px"> </div>means </div><div id="a15918_37_4" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:228px;top:158px;">0.00</div><div id="a15918_41_5" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:251px;top:158px;">% to </div><div id="a15918_46_4" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:281px;top:158px;">0.75</div><div id="a15918_50_36" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:304px;top:158px;">% per<div style="display:inline-block;width:5px"> </div>annum for<div style="display:inline-block;width:5px"> </div>Base Rate<div style="display:inline-block;width:5px"> </div>Loans and </div><div id="a15918_86_4" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:520px;top:158px;">1.00</div><div id="a15918_90_5" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:543px;top:158px;">% to </div><div id="a15918_95_4" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:573px;top:158px;">1.75</div><div id="a15918_99_16" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:596px;top:158px;">% per<div style="display:inline-block;width:5px"> </div>annum for </div><div id="a15929" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:174px;">SOFR Loans, in<div style="display:inline-block;width:2px"> </div>each case depending upon<div style="display:inline-block;width:2px"> </div>the Total Funded Debt to<div style="display:inline-block;width:2px"> </div>Capitalization Ratio for the<div style="display:inline-block;width:2px"> </div>Company at the quarterly<div style="display:inline-block;width:1px"> </div>pricing </div><div id="a15933" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:189px;">date. The<div style="display:inline-block;width:6px"> </div>Company will<div style="display:inline-block;width:6px"> </div>pay a<div style="display:inline-block;width:6px"> </div>commitment<div style="display:inline-block;width:5px"> </div>fee on<div style="display:inline-block;width:6px"> </div>the unused<div style="display:inline-block;width:6px"> </div>portion<div style="display:inline-block;width:5px"> </div>of the<div style="display:inline-block;width:6px"> </div>Credit Facility<div style="display:inline-block;width:6px"> </div>payable quarterly<div style="display:inline-block;width:6px"> </div>from </div><div id="a15933_112_4" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:640px;top:189px;">0.15</div><div id="a15933_116_5" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:663px;top:189px;">% to </div><div id="a15936" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:205px;">0.25</div><div id="a15936_4_124" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:28px;top:205px;">% in each case depending upon the Total Funded Debt to Capitalization Ratio for the Company at the quarterly pricing date.<div style="display:inline-block;width:4px"> </div></div><div id="a15942" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:237px;">The<div style="display:inline-block;width:5px"> </div>Credit<div style="display:inline-block;width:5px"> </div>Facility<div style="display:inline-block;width:5px"> </div>is<div style="display:inline-block;width:5px"> </div>guaranteed<div style="display:inline-block;width:5px"> </div>by<div style="display:inline-block;width:5px"> </div>all the<div style="display:inline-block;width:6px"> </div>current<div style="display:inline-block;width:5px"> </div>and<div style="display:inline-block;width:5px"> </div>future wholly<div style="display:inline-block;width:1px"> </div>-owned<div style="display:inline-block;width:5px"> </div>direct<div style="display:inline-block;width:5px"> </div>and<div style="display:inline-block;width:5px"> </div>indirect<div style="display:inline-block;width:5px"> </div>domestic<div style="display:inline-block;width:5px"> </div>subsidiaries<div style="display:inline-block;width:5px"> </div>of<div style="display:inline-block;width:5px"> </div>the </div><div id="a15945" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:253px;">Company (the<div style="display:inline-block;width:5px"> </div>“Guarantors”), and<div style="display:inline-block;width:5px"> </div>is secured<div style="display:inline-block;width:5px"> </div>by a<div style="display:inline-block;width:5px"> </div>first-priority perfected<div style="display:inline-block;width:5px"> </div>security interest<div style="display:inline-block;width:5px"> </div>in substantially<div style="display:inline-block;width:5px"> </div>all of<div style="display:inline-block;width:5px"> </div>the Company’s </div><div id="a15949" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:268px;">and the Guarantors’ accounts, payment intangibles, instruments (including promissory notes), chattel paper, inventory (including </div><div id="a15951" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:284px;">farm products) and deposit accounts maintained with the Administrative Agent. </div><div id="a15955" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:316px;">The<div style="display:inline-block;width:5px"> </div>Credit<div style="display:inline-block;width:5px"> </div>Agreement<div style="display:inline-block;width:5px"> </div>for the<div style="display:inline-block;width:6px"> </div>Credit<div style="display:inline-block;width:5px"> </div>Facility<div style="display:inline-block;width:5px"> </div>contains<div style="display:inline-block;width:5px"> </div>customary<div style="display:inline-block;width:5px"> </div>covenants,<div style="display:inline-block;width:5px"> </div>including<div style="display:inline-block;width:5px"> </div>restrictions<div style="display:inline-block;width:5px"> </div>on<div style="display:inline-block;width:5px"> </div>the incurrence<div style="display:inline-block;width:6px"> </div>of<div style="display:inline-block;width:5px"> </div>liens, </div><div id="a15957" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:331px;">incurrence of<div style="display:inline-block;width:5px"> </div>additional debt,<div style="display:inline-block;width:5px"> </div>sales of<div style="display:inline-block;width:5px"> </div>assets and<div style="display:inline-block;width:5px"> </div>other fundamental<div style="display:inline-block;width:5px"> </div>corporate changes<div style="display:inline-block;width:5px"> </div>and investments.<div style="display:inline-block;width:5px"> </div>The Credit<div style="display:inline-block;width:5px"> </div>Agreement </div><div id="a15959" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:347px;">requires maintenance of two financial covenants: (i) a maximum Total Funded Debt to Capitalization Ratio tested<div style="display:inline-block;width:2px"> </div>quarterly of no </div><div id="a15961" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:363px;">greater than </div><div id="a15961_13_2" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:71px;top:363px;">50</div><div id="a15961_15_82" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:85px;top:363px;">%; and (ii) a requirement to maintain Minimum<div style="display:inline-block;width:5px"> </div>Tangible Net<div style="display:inline-block;width:5px"> </div>Worth at<div style="display:inline-block;width:5px"> </div>all times of $</div><div id="a15961_97_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:538px;top:363px;">700</div><div id="a15961_100_14" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:558px;top:363px;"><div style="display:inline-block;width:4px"> </div>Million plus </div><div id="a15961_114_2" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:630px;top:363px;">50</div><div id="a15961_116_9" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:643px;top:363px;">% of net </div><div id="a15970" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:379px;">income<div style="display:inline-block;width:7px"> </div>(if<div style="display:inline-block;width:7px"> </div>net<div style="display:inline-block;width:7px"> </div>income<div style="display:inline-block;width:7px"> </div>is<div style="display:inline-block;width:7px"> </div>positive)<div style="display:inline-block;width:7px"> </div>less<div style="display:inline-block;width:7px"> </div>permitted<div style="display:inline-block;width:7px"> </div>restricted<div style="display:inline-block;width:7px"> </div>payments<div style="display:inline-block;width:7px"> </div>for<div style="display:inline-block;width:7px"> </div>each<div style="display:inline-block;width:7px"> </div>fiscal<div style="display:inline-block;width:7px"> </div>quarter<div style="display:inline-block;width:7px"> </div>after<div style="display:inline-block;width:7px"> </div>November<div style="display:inline-block;width:7px"> </div>27,<div style="display:inline-block;width:7px"> </div>2021. </div><div id="a15971" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:395px;">Additionally,<div style="display:inline-block;width:5px"> </div>the Credit Agreement<div style="display:inline-block;width:5px"> </div>requires that Fred<div style="display:inline-block;width:5px"> </div>R. Adams Jr.’s<div style="display:inline-block;width:6px"> </div>spouse, natural children,<div style="display:inline-block;width:5px"> </div>sons-in-law or grandchildren,<div style="display:inline-block;width:5px"> </div>or </div><div id="a15977" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:410px;">any trust,<div style="display:inline-block;width:5px"> </div>guardianship, conservatorship<div style="display:inline-block;width:5px"> </div>or custodianship<div style="display:inline-block;width:5px"> </div>for the primary<div style="display:inline-block;width:5px"> </div>benefit of any<div style="display:inline-block;width:5px"> </div>of the foregoing,<div style="display:inline-block;width:5px"> </div>or any family<div style="display:inline-block;width:5px"> </div>limited </div><div id="a15979" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:426px;">partnership, similar limited liability<div style="display:inline-block;width:5px"> </div>company or other entity<div style="display:inline-block;width:5px"> </div>that </div><div id="a15979_68_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:354px;top:426px;">100</div><div id="a15979_71_61" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:374px;top:426px;">% of the voting control<div style="display:inline-block;width:5px"> </div>of such entity is held<div style="display:inline-block;width:5px"> </div>by any of the </div><div id="a15983" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:442px;">foregoing, shall maintain<div style="display:inline-block;width:5px"> </div>at least </div><div id="a15983_35_2" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:184px;top:442px;">50</div><div id="a15983_37_93" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:197px;top:442px;">% of the Company's<div style="display:inline-block;width:5px"> </div>voting stock. Failure<div style="display:inline-block;width:5px"> </div>to satisfy any of<div style="display:inline-block;width:5px"> </div>these covenants will constitute<div style="display:inline-block;width:5px"> </div>a </div><div id="a15986" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:458px;">default under the terms of<div style="display:inline-block;width:5px"> </div>the Credit Agreement. Further,<div style="display:inline-block;width:5px"> </div>under the terms of the Credit<div style="display:inline-block;width:5px"> </div>Agreement, payment of dividends under </div><div id="a15988" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:474px;">the<div style="display:inline-block;width:5px"> </div>Company's<div style="display:inline-block;width:5px"> </div>current<div style="display:inline-block;width:5px"> </div>dividend<div style="display:inline-block;width:5px"> </div>policy<div style="display:inline-block;width:5px"> </div>of<div style="display:inline-block;width:5px"> </div>one-third<div style="display:inline-block;width:5px"> </div>of<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>Company's<div style="display:inline-block;width:5px"> </div>net<div style="display:inline-block;width:5px"> </div>income<div style="display:inline-block;width:5px"> </div>computed<div style="display:inline-block;width:5px"> </div>in<div style="display:inline-block;width:5px"> </div>accordance<div style="display:inline-block;width:5px"> </div>with<div style="display:inline-block;width:5px"> </div>GAAP<div style="display:inline-block;width:5px"> </div>and </div><div id="a15991" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:489px;">payment of other<div style="display:inline-block;width:5px"> </div>dividends or repurchases<div style="display:inline-block;width:5px"> </div>by the Company<div style="display:inline-block;width:5px"> </div>of its capital stock<div style="display:inline-block;width:5px"> </div>is allowed, as long<div style="display:inline-block;width:5px"> </div>as after giving<div style="display:inline-block;width:5px"> </div>effect to such </div><div id="a15993" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:505px;">dividend<div style="display:inline-block;width:5px"> </div>payments or<div style="display:inline-block;width:6px"> </div>repurchases no<div style="display:inline-block;width:6px"> </div>default has<div style="display:inline-block;width:6px"> </div>occurred and<div style="display:inline-block;width:6px"> </div>is continuing<div style="display:inline-block;width:6px"> </div>and<div style="display:inline-block;width:5px"> </div>the sum<div style="display:inline-block;width:6px"> </div>of cash<div style="display:inline-block;width:6px"> </div>and cash<div style="display:inline-block;width:6px"> </div>equivalents of<div style="display:inline-block;width:6px"> </div>the </div><div id="a15994" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:521px;">Company and its subsidiaries plus availability under the Credit Facility equals at least $</div><div id="a15994_90_2" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:472px;top:521px;">50</div><div id="a15994_92_10" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:486px;top:521px;"><div style="display:inline-block;width:3px"> </div>million. </div><div id="a16000" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:552px;">The Credit<div style="display:inline-block;width:6px"> </div>Agreement also<div style="display:inline-block;width:6px"> </div>includes customary<div style="display:inline-block;width:6px"> </div>events of<div style="display:inline-block;width:6px"> </div>default and<div style="display:inline-block;width:6px"> </div>customary remedies<div style="display:inline-block;width:6px"> </div>upon the<div style="display:inline-block;width:6px"> </div>occurrence of<div style="display:inline-block;width:6px"> </div>an event<div style="display:inline-block;width:6px"> </div>of </div><div id="a16001" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:568px;">default, including acceleration<div style="display:inline-block;width:5px"> </div>of the amounts due<div style="display:inline-block;width:5px"> </div>under the Credit Facility<div style="display:inline-block;width:5px"> </div>and foreclosure of<div style="display:inline-block;width:5px"> </div>the collateral securing<div style="display:inline-block;width:5px"> </div>the Credit </div><div id="a16003" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:584px;">Facility. </div><div id="a16007" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:615px;">At June 3, 2023, we were in compliance with the covenant requirements of the<div style="display:inline-block;width:5px"> </div>Credit Facility.</div></div> 583000 403000 213000 250000000 15000000 15000000 200000000 0 0 4300000 0.0010 0.0000 0.0050 0.0100 0.0000 0.0075 0.0100 0.0175 0.0015 0.0025 0.50 700000000 0.50 1 0.50 50000000 <div id="TextBlockContainer164" style="position:relative;line-height:normal;width:697px;height:284px;"><div id="a16010" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:bold;font-style:normal;color:#000000;left:4px;top:0px;">Note 11 - Equity </div><div id="a16018" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">The Company has </div><div id="a16018_16_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:104px;top:32px;">two</div><div id="a16018_19_102" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:124px;top:32px;"><div style="display:inline-block;width:3px"> </div>classes of capital stock: Common Stock and Class<div style="display:inline-block;width:2px"> </div>A Common Stock. Except as otherwise required by<div style="display:inline-block;width:2px"> </div>law </div><div id="a16022" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">or the Company's Second Restated Certificate of Incorporation<div style="display:inline-block;width:5px"> </div>(“Restated Charter”), holders of shares of the Company’s<div style="display:inline-block;width:5px"> </div>capital </div><div id="a16024" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">stock vote as<div style="display:inline-block;width:5px"> </div>a single class on<div style="display:inline-block;width:5px"> </div>all matters submitted<div style="display:inline-block;width:5px"> </div>to a vote of<div style="display:inline-block;width:5px"> </div>the stockholders, with<div style="display:inline-block;width:5px"> </div>each share of<div style="display:inline-block;width:5px"> </div>Common Stock entitled to </div><div id="a16026" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:79px;">one</div><div id="a16026_3_57" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:24px;top:79px;"><div style="display:inline-block;width:4px"> </div>vote and<div style="display:inline-block;width:5px"> </div>each share<div style="display:inline-block;width:5px"> </div>of Class A<div style="display:inline-block;width:5px"> </div>Common Stock<div style="display:inline-block;width:5px"> </div>entitled to </div><div id="a16026_60_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:347px;top:79px;">ten</div><div id="a16026_63_62" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:363px;top:79px;"><div style="display:inline-block;width:4px"> </div>votes. Holders<div style="display:inline-block;width:5px"> </div>of capital<div style="display:inline-block;width:5px"> </div>stock have<div style="display:inline-block;width:5px"> </div>the right<div style="display:inline-block;width:5px"> </div>of cumulative </div><div id="a16032" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:95px;">voting in<div style="display:inline-block;width:5px"> </div>the election of<div style="display:inline-block;width:5px"> </div>directors. The Common<div style="display:inline-block;width:5px"> </div>Stock and Class<div style="display:inline-block;width:5px"> </div>A Common<div style="display:inline-block;width:5px"> </div>Stock have equal<div style="display:inline-block;width:5px"> </div>liquidation rights<div style="display:inline-block;width:5px"> </div>and the same </div><div id="a16035" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:110px;">dividend rights. In the<div style="display:inline-block;width:2px"> </div>case of<div style="display:inline-block;width:2px"> </div>any dividend payable<div style="display:inline-block;width:2px"> </div>in stock,<div style="display:inline-block;width:2px"> </div>holders of Common<div style="display:inline-block;width:2px"> </div>Stock are entitled<div style="display:inline-block;width:2px"> </div>to receive the<div style="display:inline-block;width:2px"> </div>same percentage </div><div id="a16038" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:126px;">dividend (payable only in shares of Common Stock) as the holders of Class A Common Stock receive (payable only<div style="display:inline-block;width:5px"> </div>in shares of </div><div id="a16040" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:142px;">Class A Common<div style="display:inline-block;width:2px"> </div>Stock). Upon liquidation,<div style="display:inline-block;width:2px"> </div>dissolution, or winding-up<div style="display:inline-block;width:2px"> </div>of the Company, the<div style="display:inline-block;width:2px"> </div>holders of Common<div style="display:inline-block;width:2px"> </div>Stock are entitled </div><div id="a16043" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:158px;">to share ratably<div style="display:inline-block;width:2px"> </div>with the holders<div style="display:inline-block;width:1px"> </div>of Class A<div style="display:inline-block;width:2px"> </div>Common Stock in<div style="display:inline-block;width:2px"> </div>all assets available<div style="display:inline-block;width:2px"> </div>for distribution after payment<div style="display:inline-block;width:2px"> </div>in full of<div style="display:inline-block;width:2px"> </div>creditors. </div><div id="a16045" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:174px;">The holders<div style="display:inline-block;width:6px"> </div>of Common<div style="display:inline-block;width:6px"> </div>Stock and<div style="display:inline-block;width:6px"> </div>Class A<div style="display:inline-block;width:6px"> </div>Common<div style="display:inline-block;width:5px"> </div>Stock are<div style="display:inline-block;width:6px"> </div>not entitled<div style="display:inline-block;width:6px"> </div>to preemptive<div style="display:inline-block;width:6px"> </div>or subscription<div style="display:inline-block;width:6px"> </div>rights. No<div style="display:inline-block;width:6px"> </div>class of </div><div id="a16046" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:189px;">capital stock<div style="display:inline-block;width:5px"> </div>may be<div style="display:inline-block;width:5px"> </div>combined or<div style="display:inline-block;width:5px"> </div>subdivided unless<div style="display:inline-block;width:5px"> </div>the other<div style="display:inline-block;width:5px"> </div>classes of<div style="display:inline-block;width:5px"> </div>capital stock<div style="display:inline-block;width:5px"> </div>are combined<div style="display:inline-block;width:5px"> </div>or subdivided<div style="display:inline-block;width:5px"> </div>in the<div style="display:inline-block;width:5px"> </div>same </div><div id="a16048" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:205px;">proportion. No dividend may be declared and paid on Class A Common<div style="display:inline-block;width:5px"> </div>Stock unless the dividend is payable only to the holders </div><div id="a16049" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:221px;">of Class A Common Stock and a dividend is declared and paid to Common Stock<div style="display:inline-block;width:5px"> </div>concurrently. </div><div id="a16053" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:253px;">Each share<div style="display:inline-block;width:5px"> </div>of Class A<div style="display:inline-block;width:5px"> </div>Common Stock<div style="display:inline-block;width:5px"> </div>is convertible,<div style="display:inline-block;width:5px"> </div>at the option<div style="display:inline-block;width:5px"> </div>of its<div style="display:inline-block;width:5px"> </div>holder,<div style="display:inline-block;width:5px"> </div>into </div><div id="a16053_85_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:466px;top:253px;">one</div><div id="a16053_88_36" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:486px;top:253px;"><div style="display:inline-block;width:4px"> </div>share of<div style="display:inline-block;width:5px"> </div>Common Stock<div style="display:inline-block;width:5px"> </div>at any<div style="display:inline-block;width:5px"> </div>time. </div><div id="a16057" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:268px;">The Company’s<div style="display:inline-block;width:6px"> </div>Restated Charter<div style="display:inline-block;width:5px"> </div>identifies family<div style="display:inline-block;width:5px"> </div>members of<div style="display:inline-block;width:5px"> </div>Mr.<div style="display:inline-block;width:5px"> </div>Adams (“Immediate<div style="display:inline-block;width:5px"> </div>Family Members”)<div style="display:inline-block;width:5px"> </div>and arrangements </div></div><div id="TextBlockContainer166" style="position:relative;line-height:normal;width:697px;height:174px;"><div id="a16062" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:0px;">and entities that are permitted to<div style="display:inline-block;width:2px"> </div>receive and hold shares of Class<div style="display:inline-block;width:2px"> </div>A Common Stock, with </div><div id="a16062_89_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:479px;top:0px;">ten</div><div id="a16062_92_38" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:496px;top:0px;"><div style="display:inline-block;width:3px"> </div>votes per share, without such shares </div><div id="a16068" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:16px;">converting into shares of Common<div style="display:inline-block;width:5px"> </div>Stock, with one vote per share (“Permitted<div style="display:inline-block;width:5px"> </div>Transferees”). The Permitted<div style="display:inline-block;width:5px"> </div>Transferees include </div><div id="a16071" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">arrangements and entities such as revocable trusts and limited liability companies that could hold Class A Common Stock<div style="display:inline-block;width:2px"> </div>for the </div><div id="a16074" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">benefit of Immediate Family Members. Each Permitted<div style="display:inline-block;width:5px"> </div>Transferee must have a relationship,<div style="display:inline-block;width:5px"> </div>specifically defined in the Restated </div><div id="a16076" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">Charter, with<div style="display:inline-block;width:5px"> </div>another Permitted Transferee<div style="display:inline-block;width:5px"> </div>or an Immediate Family<div style="display:inline-block;width:5px"> </div>Member.<div style="display:inline-block;width:5px"> </div>A share of Class A<div style="display:inline-block;width:5px"> </div>Common Stock transferred<div style="display:inline-block;width:5px"> </div>to </div><div id="a16077" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:79px;">a person other<div style="display:inline-block;width:1px"> </div>than a<div style="display:inline-block;width:2px"> </div>Permitted Transferee would automatically<div style="display:inline-block;width:1px"> </div>convert into Common<div style="display:inline-block;width:2px"> </div>Stock with<div style="display:inline-block;width:2px"> </div>one vote per<div style="display:inline-block;width:2px"> </div>share. Additionally, </div><div id="a16080" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:95px;">the<div style="display:inline-block;width:7px"> </div>Restated<div style="display:inline-block;width:7px"> </div>Charter<div style="display:inline-block;width:7px"> </div>includes<div style="display:inline-block;width:7px"> </div>a<div style="display:inline-block;width:7px"> </div>sunset<div style="display:inline-block;width:7px"> </div>provision<div style="display:inline-block;width:7px"> </div>pursuant<div style="display:inline-block;width:7px"> </div>to<div style="display:inline-block;width:7px"> </div>which<div style="display:inline-block;width:7px"> </div>all<div style="display:inline-block;width:7px"> </div>of<div style="display:inline-block;width:7px"> </div>the<div style="display:inline-block;width:6px"> </div>outstanding<div style="display:inline-block;width:7px"> </div>Class<div style="display:inline-block;width:6px"> </div>A<div style="display:inline-block;width:7px"> </div>Common<div style="display:inline-block;width:7px"> </div>Stock<div style="display:inline-block;width:7px"> </div>will </div><div id="a16081" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:111px;">automatically<div style="display:inline-block;width:5px"> </div>convert<div style="display:inline-block;width:5px"> </div>to<div style="display:inline-block;width:5px"> </div>Common<div style="display:inline-block;width:5px"> </div>Stock<div style="display:inline-block;width:5px"> </div>if:<div style="display:inline-block;width:5px"> </div>(a)<div style="display:inline-block;width:5px"> </div>less<div style="display:inline-block;width:5px"> </div>than </div><div id="a16081_56_9" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:322px;top:111px;">4,300,000</div><div id="a16081_65_55" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:375px;top:111px;"><div style="display:inline-block;width:5px"> </div>shares<div style="display:inline-block;width:5px"> </div>of<div style="display:inline-block;width:5px"> </div>Class<div style="display:inline-block;width:5px"> </div>A<div style="display:inline-block;width:5px"> </div>Common<div style="display:inline-block;width:5px"> </div>Stock,<div style="display:inline-block;width:5px"> </div>in<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>aggregate,<div style="display:inline-block;width:5px"> </div>are </div><div id="a16086" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:126px;">beneficially owned by Immediate Family<div style="display:inline-block;width:5px"> </div>Members and/or Permitted Transferees,<div style="display:inline-block;width:5px"> </div>or (b) if less than </div><div id="a16086_97_9" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:539px;top:126px;">4,600,000</div><div id="a16086_106_19" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:592px;top:126px;"><div style="display:inline-block;width:4px"> </div>shares of Class A </div><div id="a16090" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:142px;">Common Stock<div style="display:inline-block;width:5px"> </div>and Common Stock,<div style="display:inline-block;width:5px"> </div>in the aggregate,<div style="display:inline-block;width:5px"> </div>are beneficially owned<div style="display:inline-block;width:5px"> </div>by Immediate Family<div style="display:inline-block;width:5px"> </div>Members and/or Permitted </div><div id="a16091" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:158px;">Transferees.</div></div> 2 1 10 1 10 4300000 4600000 <div id="TextBlockContainer168" style="position:relative;line-height:normal;width:697px;height:126px;"><div id="a16095" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:bold;font-style:normal;color:#000000;left:4px;top:0px;">Note 12 - Net Income per Common Share </div><div id="a16103" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">Basic net income<div style="display:inline-block;width:5px"> </div>per share attributable<div style="display:inline-block;width:5px"> </div>to Cal-Maine Foods, Inc.<div style="display:inline-block;width:5px"> </div>is based on the<div style="display:inline-block;width:5px"> </div>weighted average Common<div style="display:inline-block;width:5px"> </div>Stock and Class A </div><div id="a16106" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">Common Stock<div style="display:inline-block;width:5px"> </div>outstanding. Diluted<div style="display:inline-block;width:5px"> </div>net income<div style="display:inline-block;width:5px"> </div>per share<div style="display:inline-block;width:5px"> </div>attributable to<div style="display:inline-block;width:5px"> </div>Cal-Maine Foods,<div style="display:inline-block;width:5px"> </div>Inc. is<div style="display:inline-block;width:5px"> </div>based on<div style="display:inline-block;width:5px"> </div>weighted-average </div><div id="a16113" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">common shares outstanding during the relevant period adjusted for the dilutive<div style="display:inline-block;width:5px"> </div>effect of share-based awards.<div style="display:inline-block;width:4px"> </div></div><div id="a16118" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:95px;">The following table provides a reconciliation of the<div style="display:inline-block;width:2px"> </div>numerators and denominators used to determine basic and diluted<div style="display:inline-block;width:2px"> </div>net income </div><div id="a16120" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:110px;">per common share attributable to Cal-Maine Foods, Inc. (amounts in<div style="display:inline-block;width:5px"> </div>thousands, except per share data):</div></div><div id="TextBlockContainer171" style="position:relative;line-height:normal;width:687px;height:249px;"><div id="a16130" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:397px;top:0px;">June 3, 2023 </div><div id="a16133" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:499px;top:0px;">May 28, 2022 </div><div id="a16136" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:604px;top:0px;">May 29, 2021 </div><div id="a16138" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:18px;">Numerator </div><div id="a16149" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:35px;">Net income </div><div id="a16152" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:383px;top:35px;">$ </div><div id="a16154" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:431px;top:35px;">756,732</div><div id="a16157" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:489px;top:35px;">$ </div><div id="a16159" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:536px;top:35px;">132,441</div><div id="a16162" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:594px;top:35px;">$ </div><div id="a16164" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:35px;">2,060</div><div id="a16166" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:52px;">Less: Net loss attributable to noncontrolling interest </div><div id="a16170" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:440px;top:52px;display:flex;">(1,292)</div><div id="a16174" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:555px;top:52px;display:flex;">(209)</div><div id="a16178" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:671px;top:52px;">—</div><div id="a16180" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:70px;">Net income attributable to Cal-Maine Foods, Inc. </div><div id="a16185" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:383px;top:70px;">$ </div><div id="a16187" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:431px;top:70px;">758,024</div><div id="a16190" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:489px;top:70px;">$ </div><div id="a16192" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:536px;top:70px;">132,650</div><div id="a16195" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:594px;top:70px;">$ </div><div id="a16197" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:70px;">2,060</div><div id="a16209" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:105px;">Denominator </div><div id="a16220" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:122px;">Weighted-average<div style="display:inline-block;width:5px"> </div>common shares outstanding, basic </div><div id="a16226" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:438px;top:122px;">48,648</div><div id="a16230" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:543px;top:122px;">48,581</div><div id="a16234" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:122px;">48,522</div><div id="a16236" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:139px;">Effect of dilutive securities of restricted shares </div><div id="a16240" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:454px;top:139px;">186</div><div id="a16244" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:560px;top:139px;">153</div><div id="a16248" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:665px;top:139px;">134</div><div id="a16250" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:158px;">Weighted-average<div style="display:inline-block;width:5px"> </div>common shares outstanding, diluted </div><div id="a16256" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:438px;top:158px;">48,834</div><div id="a16260" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:543px;top:158px;">48,734</div><div id="a16264" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:158px;">48,656</div><div id="a16276" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:193px;">Net income per common share attributable to Cal-Maine Foods, Inc. </div><div id="a16289" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:211px;">Basic </div><div id="a16292" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:383px;top:211px;">$ </div><div id="a16294" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:444px;top:211px;">15.58</div><div id="a16297" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:489px;top:211px;">$ </div><div id="a16299" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:556px;top:211px;">2.73</div><div id="a16302" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:594px;top:211px;">$ </div><div id="a16304" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:661px;top:211px;">0.04</div><div id="a16306" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:233px;">Diluted </div><div id="a16309" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:383px;top:233px;">$ </div><div id="a16311" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:444px;top:233px;">15.52</div><div id="a16314" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:489px;top:233px;">$ </div><div id="a16316" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:556px;top:233px;">2.72</div><div id="a16319" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:594px;top:233px;">$ </div><div id="a16321" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:661px;top:233px;">0.04</div></div> <div id="TextBlockContainer172" style="position:relative;line-height:normal;width:687px;height:249px;"><div id="div_170_XBRL_TS_4050fd2a8abf420a8b96a589b996fab5" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer171" style="position:relative;line-height:normal;width:687px;height:249px;"><div id="a16130" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:397px;top:0px;">June 3, 2023 </div><div id="a16133" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:499px;top:0px;">May 28, 2022 </div><div id="a16136" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:604px;top:0px;">May 29, 2021 </div><div id="a16138" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:18px;">Numerator </div><div id="a16149" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:35px;">Net income </div><div id="a16152" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:383px;top:35px;">$ </div><div id="a16154" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:431px;top:35px;">756,732</div><div id="a16157" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:489px;top:35px;">$ </div><div id="a16159" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:536px;top:35px;">132,441</div><div id="a16162" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:594px;top:35px;">$ </div><div id="a16164" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:35px;">2,060</div><div id="a16166" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:52px;">Less: Net loss attributable to noncontrolling interest </div><div id="a16170" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:440px;top:52px;display:flex;">(1,292)</div><div id="a16174" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:555px;top:52px;display:flex;">(209)</div><div id="a16178" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:671px;top:52px;">—</div><div id="a16180" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:70px;">Net income attributable to Cal-Maine Foods, Inc. </div><div id="a16185" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:383px;top:70px;">$ </div><div id="a16187" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:431px;top:70px;">758,024</div><div id="a16190" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:489px;top:70px;">$ </div><div id="a16192" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:536px;top:70px;">132,650</div><div id="a16195" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:594px;top:70px;">$ </div><div id="a16197" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:70px;">2,060</div><div id="a16209" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:105px;">Denominator </div><div id="a16220" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:122px;">Weighted-average<div style="display:inline-block;width:5px"> </div>common shares outstanding, basic </div><div id="a16226" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:438px;top:122px;">48,648</div><div id="a16230" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:543px;top:122px;">48,581</div><div id="a16234" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:122px;">48,522</div><div id="a16236" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:139px;">Effect of dilutive securities of restricted shares </div><div id="a16240" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:454px;top:139px;">186</div><div id="a16244" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:560px;top:139px;">153</div><div id="a16248" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:665px;top:139px;">134</div><div id="a16250" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:158px;">Weighted-average<div style="display:inline-block;width:5px"> </div>common shares outstanding, diluted </div><div id="a16256" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:438px;top:158px;">48,834</div><div id="a16260" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:543px;top:158px;">48,734</div><div id="a16264" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:158px;">48,656</div><div id="a16276" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:193px;">Net income per common share attributable to Cal-Maine Foods, Inc. </div><div id="a16289" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:211px;">Basic </div><div id="a16292" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:383px;top:211px;">$ </div><div id="a16294" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:444px;top:211px;">15.58</div><div id="a16297" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:489px;top:211px;">$ </div><div id="a16299" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:556px;top:211px;">2.73</div><div id="a16302" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:594px;top:211px;">$ </div><div id="a16304" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:661px;top:211px;">0.04</div><div id="a16306" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:233px;">Diluted </div><div id="a16309" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:383px;top:233px;">$ </div><div id="a16311" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:444px;top:233px;">15.52</div><div id="a16314" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:489px;top:233px;">$ </div><div id="a16316" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:556px;top:233px;">2.72</div><div id="a16319" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:594px;top:233px;">$ </div><div id="a16321" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:661px;top:233px;">0.04</div></div></div></div> 756732000 132441000 2060000 -1292000 -209000 0 758024000 132650000 2060000 48648000 48581000 48522000 186000 153000 134000 48834000 48734000 48656000 15.58 2.73 0.04 15.52 2.72 0.04 <div id="TextBlockContainer174" style="position:relative;line-height:normal;width:697px;height:285px;"><div id="a16325" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:bold;font-style:normal;color:#000000;left:4px;top:0px;">Note 13 - Revenue Recognition </div><div id="a16333" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:32px;">Satisfaction of Performance Obligation </div><div id="a16336" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">The vast majority of the Company’s<div style="display:inline-block;width:5px"> </div>revenue is derived from agreements with customers based on the customer<div style="display:inline-block;width:5px"> </div>placing an order </div><div id="a16339" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:79px;">for products. Pricing<div style="display:inline-block;width:5px"> </div>for the most part<div style="display:inline-block;width:5px"> </div>is determined when<div style="display:inline-block;width:5px"> </div>the Company and<div style="display:inline-block;width:5px"> </div>the customer agree<div style="display:inline-block;width:5px"> </div>upon the specific<div style="display:inline-block;width:5px"> </div>order, which </div><div id="a16340" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:95px;">establishes the contract for that order. </div><div id="a16344" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:126px;">Revenues are<div style="display:inline-block;width:5px"> </div>recognized in<div style="display:inline-block;width:5px"> </div>an amount<div style="display:inline-block;width:5px"> </div>that reflects<div style="display:inline-block;width:5px"> </div>the net<div style="display:inline-block;width:5px"> </div>consideration we<div style="display:inline-block;width:5px"> </div>expect to<div style="display:inline-block;width:5px"> </div>receive in<div style="display:inline-block;width:5px"> </div>exchange for<div style="display:inline-block;width:5px"> </div>the goods.<div style="display:inline-block;width:5px"> </div>Our </div><div id="a16345" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:142px;">shell eggs<div style="display:inline-block;width:2px"> </div>are sold at<div style="display:inline-block;width:1px"> </div>prices related to<div style="display:inline-block;width:2px"> </div>independently quoted wholesale<div style="display:inline-block;width:2px"> </div>market prices or<div style="display:inline-block;width:2px"> </div>formulas related to<div style="display:inline-block;width:1px"> </div>our costs of<div style="display:inline-block;width:2px"> </div>production. </div><div id="a16347" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:158px;">The<div style="display:inline-block;width:5px"> </div>Company’s<div style="display:inline-block;width:6px"> </div>sales predominantly<div style="display:inline-block;width:6px"> </div>contain<div style="display:inline-block;width:5px"> </div>a<div style="display:inline-block;width:5px"> </div>single<div style="display:inline-block;width:5px"> </div>performance<div style="display:inline-block;width:5px"> </div>obligation.<div style="display:inline-block;width:5px"> </div>We<div style="display:inline-block;width:6px"> </div>recognize<div style="display:inline-block;width:5px"> </div>revenue<div style="display:inline-block;width:5px"> </div>upon<div style="display:inline-block;width:5px"> </div>satisfaction of<div style="display:inline-block;width:6px"> </div>the </div><div id="a16348" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:174px;">performance obligation<div style="display:inline-block;width:5px"> </div>with the customer<div style="display:inline-block;width:5px"> </div>which typically occurs<div style="display:inline-block;width:5px"> </div>within days of<div style="display:inline-block;width:5px"> </div>the Company<div style="display:inline-block;width:5px"> </div>and the customer<div style="display:inline-block;width:5px"> </div>agreeing upon </div><div id="a16350" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:189px;">the order. </div><div id="a16353" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:221px;">Costs<div style="display:inline-block;width:6px"> </div>to<div style="display:inline-block;width:6px"> </div>deliver<div style="display:inline-block;width:7px"> </div>product<div style="display:inline-block;width:7px"> </div>to<div style="display:inline-block;width:6px"> </div>customers<div style="display:inline-block;width:7px"> </div>are<div style="display:inline-block;width:7px"> </div>included<div style="display:inline-block;width:7px"> </div>in<div style="display:inline-block;width:6px"> </div>selling,<div style="display:inline-block;width:7px"> </div>general<div style="display:inline-block;width:7px"> </div>and<div style="display:inline-block;width:7px"> </div>administrative<div style="display:inline-block;width:7px"> </div>expenses<div style="display:inline-block;width:7px"> </div>in<div style="display:inline-block;width:6px"> </div>the<div style="display:inline-block;width:6px"> </div>accompanying </div><div id="a16354" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:237px;">Consolidated Statements<div style="display:inline-block;width:5px"> </div>of Income<div style="display:inline-block;width:5px"> </div>and totaled<div style="display:inline-block;width:5px"> </div>$</div><div id="a16354_47_4" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:271px;top:237px;">77.5</div><div id="a16354_51_11" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:294px;top:237px;"><div style="display:inline-block;width:3px"> </div>million, $</div><div id="a16354_62_4" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:350px;top:237px;">62.7</div><div id="a16354_66_15" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:374px;top:237px;"><div style="display:inline-block;width:3px"> </div>million, and<div style="display:inline-block;width:5px"> </div>$</div><div id="a16354_81_4" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:453px;top:237px;">52.7</div><div id="a16354_85_41" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:476px;top:237px;"><div style="display:inline-block;width:3px"> </div>million in<div style="display:inline-block;width:5px"> </div>fiscal years<div style="display:inline-block;width:5px"> </div>2023, 2022,<div style="display:inline-block;width:5px"> </div>and </div><div id="a16375" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:253px;">2021,<div style="display:inline-block;width:3px"> </div>respectively. </div></div><div id="TextBlockContainer176" style="position:relative;line-height:normal;width:697px;height:299px;"><div id="a16382" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:0px;">Returns and Refunds </div><div id="a16385" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">Some of our contracts include a guaranteed sale clause, pursuant to which we<div style="display:inline-block;width:5px"> </div>credit the customer’s account for product that the </div><div id="a16387" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">customer is unable to sell before expiration. The Company records an allowance<div style="display:inline-block;width:5px"> </div>for expected customer returns using historical </div><div id="a16400" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:62px;">return data and comparing to current period sales and accounts receivable<div style="display:inline-block;width:1px"> </div>.<div style="display:inline-block;width:3px"> </div>The allowance is recorded as a reduction of sales in </div><div id="a16403" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:78px;">the same period the revenue is recognized. </div><div id="a16408" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:109px;">Sales Incentives Provided to Customers </div><div id="a16411" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:140px;">The Company periodically provides<div style="display:inline-block;width:2px"> </div>incentive offers to its<div style="display:inline-block;width:2px"> </div>customers to encourage purchases.<div style="display:inline-block;width:2px"> </div>Such offers include current<div style="display:inline-block;width:2px"> </div>discount </div><div id="a16413" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:156px;">offers (e.g., percentage discounts off current purchases), inducement<div style="display:inline-block;width:2px"> </div>offers (e.g., offers for future discounts<div style="display:inline-block;width:2px"> </div>subject to a minimum </div><div id="a16415" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:172px;">current purchase), and other similar offers. Current discount offers, when accepted by customers, are treated as a reduction to the </div><div id="a16417" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:188px;">sales price<div style="display:inline-block;width:5px"> </div>of the<div style="display:inline-block;width:5px"> </div>related transaction,<div style="display:inline-block;width:5px"> </div>while inducement<div style="display:inline-block;width:5px"> </div>offers, when<div style="display:inline-block;width:5px"> </div>accepted by<div style="display:inline-block;width:5px"> </div>customers, are<div style="display:inline-block;width:5px"> </div>treated as<div style="display:inline-block;width:5px"> </div>a reduction<div style="display:inline-block;width:5px"> </div>to sales </div><div id="a16419" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:203px;">price based on estimated future redemption rates.<div style="display:inline-block;width:5px"> </div>Redemption rates are estimated using the Company’s<div style="display:inline-block;width:5px"> </div>historical experience for </div><div id="a16421" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:219px;">similar inducement offers. Current discount and inducement offers<div style="display:inline-block;width:5px"> </div>are presented as a net amount in ‘‘Net<div style="display:inline-block;width:5px"> </div>sales.’’ </div><div id="a16426" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:251px;">Disaggregation of Revenue </div><div id="a16429" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:282px;">The following table provides revenue disaggregated by product category<div style="display:inline-block;width:5px"> </div>(in thousands):</div></div><div id="TextBlockContainer180" style="position:relative;line-height:normal;width:694px;height:132px;"><div id="div_178_XBRL_TS_3907c1c33d5f454680ddf918121543c7" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer179" style="position:relative;line-height:normal;width:694px;height:132px;"><div id="a16437" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:274px;top:0px;">14 Weeks Ended </div><div id="a16440" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:381px;top:0px;">13 Weeks Ended </div><div id="a16443" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:488px;top:0px;">53 Weeks Ended </div><div id="a16446" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:595px;top:0px;">52 Weeks Ended </div><div id="a16450" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:285px;top:20px;">June 3, 2023 </div><div id="a16453" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:389px;top:20px;">May 28, 2022 </div><div id="a16456" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:499px;top:20px;">June 3, 2023 </div><div id="a16459" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:603px;top:20px;">May 28, 2022 </div><div id="a16461" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:41px;">Conventional shell egg sales </div><div id="a16464" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:270px;top:41px;">$ </div><div id="a16466" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:320px;top:41px;">395,433</div><div id="a16469" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:377px;top:41px;">$ </div><div id="a16471" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:427px;top:41px;">378,190</div><div id="a16474" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:41px;">$ </div><div id="a16476" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:524px;top:41px;">2,051,961</div><div id="a16479" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:41px;">$ </div><div id="a16481" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:631px;top:41px;">1,061,995</div><div id="a16483" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:61px;">Specialty shell egg sales </div><div id="a16487" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:320px;top:61px;">256,190</div><div id="a16491" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:427px;top:61px;">186,518</div><div id="a16495" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:534px;top:61px;">956,993</div><div id="a16499" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:641px;top:61px;">648,838</div><div id="a16501" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:78px;">Egg products </div><div id="a16505" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:327px;top:78px;">33,996</div><div id="a16509" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:434px;top:78px;">26,488</div><div id="a16513" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:534px;top:78px;">122,270</div><div id="a16517" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:78px;">60,004</div><div id="a16519" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:95px;">Other </div><div id="a16523" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:333px;top:95px;">3,061</div><div id="a16527" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:440px;top:95px;">1,768</div><div id="a16531" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:541px;top:95px;">14,993</div><div id="a16535" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:95px;">6,322</div><div id="a16539" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:270px;top:116px;">$ </div><div id="a16541" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:320px;top:116px;">688,680</div><div id="a16544" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:377px;top:116px;">$ </div><div id="a16546" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:427px;top:116px;">592,964</div><div id="a16549" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:116px;">$ </div><div id="a16551" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:524px;top:116px;">3,146,217</div><div id="a16554" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:116px;">$ </div><div id="a16556" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:631px;top:116px;">1,777,159</div></div></div></div><div id="TextBlockContainer182" style="position:relative;line-height:normal;width:697px;height:252px;"><div id="a16559" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:0px;">Contract Costs </div><div id="a16562" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">The Company can incur costs to<div style="display:inline-block;width:5px"> </div>obtain or fulfill a contract with<div style="display:inline-block;width:5px"> </div>a customer. If<div style="display:inline-block;width:5px"> </div>the amortization period of these costs<div style="display:inline-block;width:5px"> </div>is less than </div><div id="a16566" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">one year, they are expensed as incurred. When the amortization period is greater than one year, a contract asset is recognized and </div><div id="a16572" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">is amortized over the contract life<div style="display:inline-block;width:2px"> </div>as a reduction in net<div style="display:inline-block;width:2px"> </div>sales. As of June 3,<div style="display:inline-block;width:2px"> </div>2023 and May 28, 2022, the<div style="display:inline-block;width:2px"> </div>balance for contract assets </div><div id="a16576" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:79px;">is immaterial. </div><div id="a16579" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:110px;">Contract Balances </div><div id="a16582" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:142px;">The Company<div style="display:inline-block;width:6px"> </div>receives payment<div style="display:inline-block;width:6px"> </div>from<div style="display:inline-block;width:5px"> </div>customers based<div style="display:inline-block;width:6px"> </div>on specified<div style="display:inline-block;width:6px"> </div>terms that<div style="display:inline-block;width:6px"> </div>are generally<div style="display:inline-block;width:6px"> </div>less than<div style="display:inline-block;width:6px"> </div>30 days<div style="display:inline-block;width:6px"> </div>from<div style="display:inline-block;width:5px"> </div>delivery. </div><div id="a16584" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:158px;">There<div style="display:inline-block;width:4px"> </div>are rarely contract assets or liabilities related to performance under the contract. </div><div id="a16588" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;color:#000000;left:4px;top:189px;">Concentration of Credit Risks </div><div id="a16591" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:221px;">Our largest customer, Walmart<div style="display:inline-block;width:6px"> </div>Inc. (including Sam's Club) accounted for </div><div id="a16591_72_4" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:399px;top:221px;">34.2</div><div id="a16591_76_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:422px;top:221px;">%, </div><div id="a16591_79_4" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:440px;top:221px;">29.5</div><div id="a16591_83_6" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:464px;top:221px;">% and </div><div id="a16591_89_4" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:500px;top:221px;">29.8</div><div id="a16591_93_34" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:524px;top:221px;">% of net sales dollars for fiscal </div><div id="a16603" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:237px;">2023, 2022, and 2021, respectively.<div style="display:inline-block;width:5px"> </div>H-E-B, LP accounted for </div><div id="a16603_60_4" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:336px;top:237px;">10.1</div><div id="a16603_64_33" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:359px;top:237px;">% of net sales dollars for fiscal</div></div> 77500000 62700000 52700000 <div id="TextBlockContainer179" style="position:relative;line-height:normal;width:694px;height:132px;"><div id="a16437" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:274px;top:0px;">14 Weeks Ended </div><div id="a16440" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:381px;top:0px;">13 Weeks Ended </div><div id="a16443" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:488px;top:0px;">53 Weeks Ended </div><div id="a16446" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:595px;top:0px;">52 Weeks Ended </div><div id="a16450" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:285px;top:20px;">June 3, 2023 </div><div id="a16453" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:389px;top:20px;">May 28, 2022 </div><div id="a16456" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:499px;top:20px;">June 3, 2023 </div><div id="a16459" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:603px;top:20px;">May 28, 2022 </div><div id="a16461" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:41px;">Conventional shell egg sales </div><div id="a16464" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:270px;top:41px;">$ </div><div id="a16466" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:320px;top:41px;">395,433</div><div id="a16469" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:377px;top:41px;">$ </div><div id="a16471" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:427px;top:41px;">378,190</div><div id="a16474" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:41px;">$ </div><div id="a16476" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:524px;top:41px;">2,051,961</div><div id="a16479" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:41px;">$ </div><div id="a16481" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:631px;top:41px;">1,061,995</div><div id="a16483" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:61px;">Specialty shell egg sales </div><div id="a16487" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:320px;top:61px;">256,190</div><div id="a16491" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:427px;top:61px;">186,518</div><div id="a16495" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:534px;top:61px;">956,993</div><div id="a16499" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:641px;top:61px;">648,838</div><div id="a16501" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:78px;">Egg products </div><div id="a16505" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:327px;top:78px;">33,996</div><div id="a16509" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:434px;top:78px;">26,488</div><div id="a16513" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:534px;top:78px;">122,270</div><div id="a16517" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:78px;">60,004</div><div id="a16519" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:95px;">Other </div><div id="a16523" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:333px;top:95px;">3,061</div><div id="a16527" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:440px;top:95px;">1,768</div><div id="a16531" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:541px;top:95px;">14,993</div><div id="a16535" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:95px;">6,322</div><div id="a16539" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:270px;top:116px;">$ </div><div id="a16541" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:320px;top:116px;">688,680</div><div id="a16544" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:377px;top:116px;">$ </div><div id="a16546" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:427px;top:116px;">592,964</div><div id="a16549" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:116px;">$ </div><div id="a16551" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:524px;top:116px;">3,146,217</div><div id="a16554" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:116px;">$ </div><div id="a16556" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:631px;top:116px;">1,777,159</div></div> 395433000 378190000 2051961000 1061995000 256190000 186518000 956993000 648838000 33996000 26488000 122270000 60004000 3061000 1768000 14993000 6322000 688680000 592964000 3146217000 1777159000 0.342 0.295 0.298 0.101 <div id="TextBlockContainer184" style="position:relative;line-height:normal;width:697px;height:205px;"><div id="a16621" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:bold;font-style:normal;color:#000000;left:4px;top:0px;">Note 14 - Stock Compensation Plans </div><div id="a16629" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">On<div style="display:inline-block;width:6px"> </div>October<div style="display:inline-block;width:6px"> </div>2,<div style="display:inline-block;width:6px"> </div>2020,<div style="display:inline-block;width:6px"> </div>shareholders<div style="display:inline-block;width:6px"> </div>approved<div style="display:inline-block;width:6px"> </div>the<div style="display:inline-block;width:6px"> </div>Amended<div style="display:inline-block;width:6px"> </div>and<div style="display:inline-block;width:6px"> </div>Restated<div style="display:inline-block;width:6px"> </div>Cal-Maine<div style="display:inline-block;width:6px"> </div>Foods,<div style="display:inline-block;width:6px"> </div>Inc.<div style="display:inline-block;width:6px"> </div>2012<div style="display:inline-block;width:6px"> </div>Omnibus<div style="display:inline-block;width:6px"> </div>Long-Term </div><div id="a16635" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">Incentive<div style="display:inline-block;width:5px"> </div>Plan (the<div style="display:inline-block;width:5px"> </div>“LTIP<div style="display:inline-block;width:6px"> </div>Plan”). The<div style="display:inline-block;width:5px"> </div>purpose of<div style="display:inline-block;width:5px"> </div>the LTIP<div style="display:inline-block;width:6px"> </div>Plan is<div style="display:inline-block;width:5px"> </div>to assist<div style="display:inline-block;width:5px"> </div>us and<div style="display:inline-block;width:6px"> </div>our subsidiaries<div style="display:inline-block;width:5px"> </div>in attracting<div style="display:inline-block;width:5px"> </div>and retaining </div><div id="a16637" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">selected individuals who are expected to contribute to our long-term success. The maximum number of<div style="display:inline-block;width:2px"> </div>shares of Common Stock </div><div id="a16644" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:79px;">available<div style="display:inline-block;width:5px"> </div>for<div style="display:inline-block;width:5px"> </div>awards<div style="display:inline-block;width:5px"> </div>under<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>LTIP<div style="display:inline-block;width:6px"> </div>Plan<div style="display:inline-block;width:5px"> </div>is </div><div id="a16644_44_9" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:254px;top:79px;">2,000,000</div><div id="a16644_53_10" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:308px;top:79px;"><div style="display:inline-block;width:5px"> </div>of<div style="display:inline-block;width:5px"> </div>which </div><div id="a16644_63_7" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:367px;top:79px;">941,593</div><div id="a16644_70_50" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:410px;top:79px;"><div style="display:inline-block;width:5px"> </div>shares<div style="display:inline-block;width:5px"> </div>remain<div style="display:inline-block;width:5px"> </div>available<div style="display:inline-block;width:5px"> </div>for<div style="display:inline-block;width:5px"> </div>issuance,<div style="display:inline-block;width:5px"> </div>and<div style="display:inline-block;width:5px"> </div>may<div style="display:inline-block;width:5px"> </div>be </div><div id="a16653" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:95px;">authorized<div style="display:inline-block;width:5px"> </div>but<div style="display:inline-block;width:5px"> </div>unissued<div style="display:inline-block;width:5px"> </div>shares<div style="display:inline-block;width:5px"> </div>or<div style="display:inline-block;width:5px"> </div>treasury<div style="display:inline-block;width:5px"> </div>shares.<div style="display:inline-block;width:5px"> </div>Awards<div style="display:inline-block;width:6px"> </div>may<div style="display:inline-block;width:5px"> </div>be<div style="display:inline-block;width:5px"> </div>granted<div style="display:inline-block;width:5px"> </div>under<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>LTIP<div style="display:inline-block;width:6px"> </div>Plan<div style="display:inline-block;width:5px"> </div>to<div style="display:inline-block;width:5px"> </div>any<div style="display:inline-block;width:5px"> </div>employee,<div style="display:inline-block;width:5px"> </div>any<div style="display:inline-block;width:5px"> </div>non-</div><div id="a16657" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:110px;">employee member of the Company’s<div style="display:inline-block;width:6px"> </div>Board of Directors, and any consultant<div style="display:inline-block;width:5px"> </div>who is a natural person and<div style="display:inline-block;width:5px"> </div>provides services to us </div><div id="a16658" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:126px;">or one of our subsidiaries (except for incentive stock options, which may be granted<div style="display:inline-block;width:5px"> </div>only to our employees). </div><div id="a16662" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:158px;">The only outstanding awards under<div style="display:inline-block;width:2px"> </div>the LTIP Plan are restricted stock awards.<div style="display:inline-block;width:2px"> </div>The restricted stock vests<div style="display:inline-block;width:2px"> </div>three years from the<div style="display:inline-block;width:2px"> </div>grant </div><div id="a16664" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:174px;">date, or upon death or<div style="display:inline-block;width:5px"> </div>disability, change<div style="display:inline-block;width:5px"> </div>in control, or retirement (subject<div style="display:inline-block;width:5px"> </div>to certain requirements). The<div style="display:inline-block;width:5px"> </div>restricted stock contains </div><div id="a16666" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:189px;">no other service<div style="display:inline-block;width:5px"> </div>or performance conditions.<div style="display:inline-block;width:5px"> </div>Restricted stock is awarded<div style="display:inline-block;width:5px"> </div>in the name of<div style="display:inline-block;width:5px"> </div>the recipient and,<div style="display:inline-block;width:5px"> </div>except for the right<div style="display:inline-block;width:5px"> </div>of </div></div><div id="TextBlockContainer186" style="position:relative;line-height:normal;width:697px;height:190px;"><div id="a16671" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:0px;">disposal, constitutes issued and outstanding shares of the Company’s Common Stock for all<div style="display:inline-block;width:2px"> </div>corporate purposes during the period </div><div id="a16673" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:16px;">of restriction<div style="display:inline-block;width:5px"> </div>including the right<div style="display:inline-block;width:5px"> </div>to receive<div style="display:inline-block;width:5px"> </div>dividends. Compensation<div style="display:inline-block;width:5px"> </div>expense is a<div style="display:inline-block;width:5px"> </div>fixed amount<div style="display:inline-block;width:5px"> </div>based on the<div style="display:inline-block;width:5px"> </div>grant date closing </div><div id="a16675" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">price and is amortized on a straight-line basis over the vesting period. Forfeitures are<div style="display:inline-block;width:5px"> </div>recognized as they occur. </div><div id="a16684" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">Total<div style="display:inline-block;width:7px"> </div>stock-based<div style="display:inline-block;width:6px"> </div>compensation<div style="display:inline-block;width:6px"> </div>expense<div style="display:inline-block;width:6px"> </div>was<div style="display:inline-block;width:6px"> </div>$</div><div id="a16684_44_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:271px;top:63px;">4.2</div><div id="a16684_47_11" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:287px;top:63px;"><div style="display:inline-block;width:3px"> </div>million,<div style="display:inline-block;width:6px"> </div>$</div><div id="a16684_58_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:345px;top:63px;">4.1</div><div id="a16684_61_15" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:362px;top:63px;"><div style="display:inline-block;width:3px"> </div>million,<div style="display:inline-block;width:6px"> </div>and<div style="display:inline-block;width:6px"> </div>$</div><div id="a16684_76_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:445px;top:63px;">3.8</div><div id="a16684_79_41" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:462px;top:63px;"><div style="display:inline-block;width:3px"> </div>million<div style="display:inline-block;width:6px"> </div>in<div style="display:inline-block;width:6px"> </div>fiscal<div style="display:inline-block;width:6px"> </div>2023,<div style="display:inline-block;width:6px"> </div>2022,<div style="display:inline-block;width:6px"> </div>and<div style="display:inline-block;width:6px"> </div>2021, </div><div id="a16698" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:79px;">respectively. </div><div id="a16701" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:111px;">Our unrecognized<div style="display:inline-block;width:5px"> </div>compensation expense<div style="display:inline-block;width:5px"> </div>as a<div style="display:inline-block;width:5px"> </div>result of<div style="display:inline-block;width:5px"> </div>non-vested shares<div style="display:inline-block;width:5px"> </div>was $</div><div id="a16701_76_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:437px;top:111px;">7.2</div><div id="a16701_79_30" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:453px;top:111px;"><div style="display:inline-block;width:3px"> </div>million at<div style="display:inline-block;width:5px"> </div>June 3,<div style="display:inline-block;width:5px"> </div>2023 and<div style="display:inline-block;width:5px"> </div>$</div><div id="a16701_109_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:617px;top:111px;">7.0</div><div id="a16701_112_12" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:633px;top:111px;"><div style="display:inline-block;width:3px"> </div>million at </div><div id="a16715" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:126px;">May 28,<div style="display:inline-block;width:5px"> </div>2022. The unrecognized<div style="display:inline-block;width:5px"> </div>compensation expense<div style="display:inline-block;width:5px"> </div>will be<div style="display:inline-block;width:5px"> </div>amortized to<div style="display:inline-block;width:5px"> </div>stock compensation<div style="display:inline-block;width:5px"> </div>expense over<div style="display:inline-block;width:5px"> </div>a period<div style="display:inline-block;width:5px"> </div>of </div><div id="a16715_117_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:672px;top:126px;">2.1</div><div id="a16721" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:142px;">years. </div><div id="a16724" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:174px;">A summary of our equity award activity and related information for our<div style="display:inline-block;width:5px"> </div>restricted stock is as follows:</div></div><div id="TextBlockContainer189" style="position:relative;line-height:normal;width:687px;height:189px;"><div id="a16729" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:437px;top:0px;">Number of<div style="display:inline-block;width:4px"> </div></div><div id="a16732" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:449px;top:15px;">Shares </div><div id="a16735" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:540px;top:0px;">Weighted Average<div style="display:inline-block;width:6px"> </div>Grant </div><div id="a16737" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:565px;top:15px;">Date Fair Value </div><div id="a16739" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:33px;">Outstanding, May 29, 2021 </div><div id="a16742" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:469px;top:33px;">302,147</div><div id="a16745" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:526px;top:33px;">$ </div><div id="a16747" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:33px;">39.37</div><div id="a16749" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:51px;">Granted </div><div id="a16752" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:469px;top:51px;">113,142</div><div id="a16756" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:51px;">41.13</div><div id="a16758" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:68px;">Vested </div><div id="a16761" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:471px;top:68px;display:flex;">(92,918)</div><div id="a16765" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:68px;">42.45</div><div id="a16767" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:85px;">Forfeited </div><div id="a16770" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:478px;top:85px;display:flex;">(4,527)</div><div id="a16774" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:85px;">38.01</div><div id="a16776" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:102px;">Outstanding, May 28, 2022 </div><div id="a16779" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:469px;top:102px;">317,844</div><div id="a16782" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:526px;top:102px;">$ </div><div id="a16784" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:102px;">39.12</div><div id="a16786" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:120px;">Granted </div><div id="a16789" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:476px;top:120px;">84,969</div><div id="a16793" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:120px;">54.10</div><div id="a16795" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:137px;">Vested </div><div id="a16798" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:471px;top:137px;display:flex;">(98,684)</div><div id="a16802" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:137px;">38.25</div><div id="a16804" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:154px;">Forfeited </div><div id="a16807" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:478px;top:154px;display:flex;">(9,989)</div><div id="a16811" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:154px;">39.69</div><div id="a16813" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:173px;">Outstanding, June 3, 2023 </div><div id="a16816" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:469px;top:173px;">294,140</div><div id="a16819" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:526px;top:173px;">$ </div><div id="a16821" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:173px;">43.72</div></div> 2000000 941593 4200000 4100000 3800000 7200000 7000000.0 P2Y1M6D <div id="TextBlockContainer190" style="position:relative;line-height:normal;width:687px;height:189px;"><div id="div_188_XBRL_TS_146f030f45cd40e782684bce14f24995" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer189" style="position:relative;line-height:normal;width:687px;height:189px;"><div id="a16729" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:437px;top:0px;">Number of<div style="display:inline-block;width:4px"> </div></div><div id="a16732" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:449px;top:15px;">Shares </div><div id="a16735" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:540px;top:0px;">Weighted Average<div style="display:inline-block;width:6px"> </div>Grant </div><div id="a16737" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:565px;top:15px;">Date Fair Value </div><div id="a16739" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:33px;">Outstanding, May 29, 2021 </div><div id="a16742" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:469px;top:33px;">302,147</div><div id="a16745" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:526px;top:33px;">$ </div><div id="a16747" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:33px;">39.37</div><div id="a16749" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:51px;">Granted </div><div id="a16752" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:469px;top:51px;">113,142</div><div id="a16756" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:51px;">41.13</div><div id="a16758" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:68px;">Vested </div><div id="a16761" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:471px;top:68px;display:flex;">(92,918)</div><div id="a16765" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:68px;">42.45</div><div id="a16767" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:85px;">Forfeited </div><div id="a16770" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:478px;top:85px;display:flex;">(4,527)</div><div id="a16774" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:85px;">38.01</div><div id="a16776" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:102px;">Outstanding, May 28, 2022 </div><div id="a16779" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:469px;top:102px;">317,844</div><div id="a16782" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:526px;top:102px;">$ </div><div id="a16784" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:102px;">39.12</div><div id="a16786" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:120px;">Granted </div><div id="a16789" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:476px;top:120px;">84,969</div><div id="a16793" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:120px;">54.10</div><div id="a16795" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:137px;">Vested </div><div id="a16798" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:471px;top:137px;display:flex;">(98,684)</div><div id="a16802" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:137px;">38.25</div><div id="a16804" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:154px;">Forfeited </div><div id="a16807" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:478px;top:154px;display:flex;">(9,989)</div><div id="a16811" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:154px;">39.69</div><div id="a16813" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:173px;">Outstanding, June 3, 2023 </div><div id="a16816" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:469px;top:173px;">294,140</div><div id="a16819" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:526px;top:173px;">$ </div><div id="a16821" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:173px;">43.72</div></div></div></div> 302147 39.37 113142 41.13 92918 42.45 4527 38.01 317844 39.12 84969 54.10 98684 38.25 9989 39.69 294140 43.72 <div id="TextBlockContainer192" style="position:relative;line-height:normal;width:311px;height:47px;"><div id="a16825" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:bold;font-style:normal;color:#000000;left:4px;top:0px;">Note 15 - Income Taxes </div><div id="a16833" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">Income tax expense (benefit) consisted of the following:</div></div><div id="TextBlockContainer196" style="position:relative;line-height:normal;width:693px;height:187px;"><div id="div_194_XBRL_TS_92626896a9e74c7ab33e01dc22781f55" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer195" style="position:relative;line-height:normal;width:693px;height:187px;"><div id="a16839" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:486px;top:0px;">Fiscal year ended </div><div id="a16844" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:392px;top:17px;">June 3, 2023 </div><div id="a16847" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:496px;top:17px;">May 28, 2022 </div><div id="a16850" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:603px;top:17px;">May 29, 2021 </div><div id="a16852" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:35px;">Current: </div><div id="a16863" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:52px;">Federal </div><div id="a16866" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:377px;top:52px;">$ </div><div id="a16868" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:427px;top:52px;">180,521</div><div id="a16871" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:52px;">$ </div><div id="a16873" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:541px;top:52px;">24,228</div><div id="a16876" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:52px;">$ </div><div id="a16878" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:643px;top:52px;display:flex;">(35,090)</div><div id="a16880" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:69px;">State </div><div id="a16884" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:434px;top:69px;">36,830</div><div id="a16888" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:547px;top:69px;">3,670</div><div id="a16892" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:664px;top:69px;">730</div><div id="a16897" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:427px;top:86px;">217,351</div><div id="a16901" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:541px;top:86px;">27,898</div><div id="a16905" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:643px;top:86px;display:flex;">(34,360)</div><div id="a16907" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:103px;">Deferred: </div><div id="a16918" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:120px;">Federal </div><div id="a16922" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:434px;top:120px;">19,952</div><div id="a16926" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:547px;top:120px;">2,716</div><div id="a16930" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:120px;">21,658</div><div id="a16932" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:137px;">State </div><div id="a16936" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:440px;top:137px;">4,515</div><div id="a16940" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:547px;top:137px;">2,960</div><div id="a16944" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:664px;top:137px;">693</div><div id="a16949" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:434px;top:154px;">24,467</div><div id="a16953" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:547px;top:154px;">5,676</div><div id="a16957" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:154px;">22,351</div><div id="a16961" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:377px;top:172px;">$ </div><div id="a16963" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:427px;top:172px;">241,818</div><div id="a16966" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:172px;">$ </div><div id="a16968" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:541px;top:172px;">33,574</div><div id="a16971" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:172px;">$ </div><div id="a16973" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:643px;top:172px;display:flex;">(12,009)</div></div></div></div><div id="TextBlockContainer198" style="position:relative;line-height:normal;width:503px;height:16px;"><div id="a16979" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:0px;">Significant components of the Company’s<div style="display:inline-block;width:5px"> </div>deferred tax liabilities and assets were as follows:</div></div><div id="TextBlockContainer202" style="position:relative;line-height:normal;width:687px;height:274px;"><div id="div_200_XBRL_TS_393c40a8318441c6945b9b373c1df53d" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer201" style="position:relative;line-height:normal;width:687px;height:274px;"><div id="a16984" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:499px;top:0px;">June 3, 2023 </div><div id="a16987" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:603px;top:0px;">May 28, 2022 </div><div id="a16989" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:18px;">Deferred tax liabilities: </div><div id="a16997" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:35px;">Property, plant and equipment </div><div id="a17000" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:35px;">$ </div><div id="a17002" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:534px;top:35px;">109,590</div><div id="a17005" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:35px;">$ </div><div id="a17007" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:641px;top:35px;">100,250</div><div id="a17009" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:52px;">Inventories </div><div id="a17013" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:541px;top:52px;">44,986</div><div id="a17017" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:52px;">31,987</div><div id="a17019" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:69px;">Investment in affiliates </div><div id="a17023" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:547px;top:69px;">1,133</div><div id="a17027" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:671px;top:69px;">65</div><div id="a17029" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:86px;">Other </div><div id="a17033" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:547px;top:86px;">5,702</div><div id="a17037" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:86px;">5,713</div><div id="a17039" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:103px;">Total deferred<div style="display:inline-block;width:5px"> </div>tax liabilities </div><div id="a17045" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:534px;top:103px;">161,411</div><div id="a17049" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:641px;top:103px;">138,015</div><div id="a17058" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:137px;">Deferred tax assets: </div><div id="a17066" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:154px;">Accrued expenses </div><div id="a17070" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:547px;top:154px;">3,838</div><div id="a17074" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:154px;">4,041</div><div id="a17076" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:171px;">State operating loss carryforwards </div><div id="a17080" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:171px;">78</div><div id="a17084" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:664px;top:171px;">470</div><div id="a17086" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:188px;">Other comprehensive income </div><div id="a17090" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:547px;top:188px;">1,317</div><div id="a17094" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:664px;top:188px;">866</div><div id="a17096" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:205px;">Other </div><div id="a17100" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:547px;top:205px;">3,966</div><div id="a17104" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:205px;">4,442</div><div id="a17106" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:223px;">Total deferred<div style="display:inline-block;width:5px"> </div>tax assets </div><div id="a17112" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:547px;top:223px;">9,199</div><div id="a17116" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:223px;">9,819</div><div id="a17125" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:259px;">Net deferred tax liabilities </div><div id="a17128" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:259px;">$ </div><div id="a17130" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:534px;top:259px;">152,212</div><div id="a17133" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:259px;">$ </div><div id="a17135" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:641px;top:259px;">128,196</div></div></div></div><div id="TextBlockContainer204" style="position:relative;line-height:normal;width:697px;height:32px;"><div id="a17138" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:0px;">The differences between income tax expense (benefit) at the Company’s<div style="display:inline-block;width:5px"> </div>effective income tax rate and income tax expense at the </div><div id="a17140" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:16px;">statutory federal income tax rate were as follows:</div></div><div id="TextBlockContainer207" style="position:relative;line-height:normal;width:693px;height:188px;"><div id="a17145" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:493px;top:0px;">Fiscal year end </div><div id="a17149" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:392px;top:17px;">June 3, 2023 </div><div id="a17152" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:496px;top:17px;">May 28, 2022 </div><div id="a17155" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:603px;top:17px;">May 29, 2021 </div><div id="a17157" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:35px;">Statutory federal income tax </div><div id="a17160" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:377px;top:35px;">$ </div><div id="a17162" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:427px;top:35px;">209,418</div><div id="a17165" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:35px;">$ </div><div id="a17167" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:541px;top:35px;">34,907</div><div id="a17170" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:35px;">$ </div><div id="a17172" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:650px;top:35px;display:flex;">(2,087)</div><div id="a17174" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:52px;">State income taxes, net </div><div id="a17178" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:434px;top:52px;">32,662</div><div id="a17182" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:547px;top:52px;">5,237</div><div id="a17186" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:52px;">1,124</div><div id="a17188" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:69px;">Domestic manufacturers deduction </div><div id="a17192" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:457px;top:69px;">—</div><div id="a17196" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:69px;">—</div><div id="a17200" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:69px;">3,566</div><div id="a17202" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:86px;">Enacted net operating loss carryback provision </div><div id="a17206" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:457px;top:86px;">—</div><div id="a17210" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:86px;">—</div><div id="a17214" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:643px;top:86px;display:flex;">(16,014)</div><div id="a17216" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:103px;">Tax exempt<div style="display:inline-block;width:5px"> </div>interest income </div><div id="a17220" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:457px;top:103px;">—</div><div id="a17224" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:566px;top:103px;display:flex;">(9)</div><div id="a17228" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:666px;top:103px;display:flex;">(50)</div><div id="a17230" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:120px;">Reversal of outside basis in equity investment Red River </div><div id="a17234" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:457px;top:120px;">—</div><div id="a17238" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:543px;top:120px;display:flex;">(7,310)</div><div id="a17242" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:671px;top:120px;">—</div><div id="a17244" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:137px;">Non-taxable remeasurement gain Red River </div><div id="a17250" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:457px;top:137px;">—</div><div id="a17254" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:553px;top:137px;display:flex;">(955)</div><div id="a17258" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:671px;top:137px;">—</div><div id="a17260" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:154px;">Other, net </div><div id="a17264" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:445px;top:154px;display:flex;">(262)</div><div id="a17268" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:547px;top:154px;">1,704</div><div id="a17272" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:154px;">1,452</div><div id="a17276" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:377px;top:172px;">$ </div><div id="a17278" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:427px;top:172px;">241,818</div><div id="a17281" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:172px;">$ </div><div id="a17283" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:541px;top:172px;">33,574</div><div id="a17286" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:172px;">$ </div><div id="a17288" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:643px;top:172px;display:flex;">(12,009)</div></div><div id="TextBlockContainer210" style="position:relative;line-height:normal;width:697px;height:95px;"><div id="a17291" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:0px;">As of<div style="display:inline-block;width:6px"> </div>June 3,<div style="display:inline-block;width:6px"> </div>2023,<div style="display:inline-block;width:5px"> </div>we had </div><div id="a17291_27_2" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:161px;top:0px;">no</div><div id="a17291_29_69" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:174px;top:0px;"><div style="display:inline-block;width:4px"> </div>significant<div style="display:inline-block;width:5px"> </div>unrecognized<div style="display:inline-block;width:5px"> </div>tax benefits.<div style="display:inline-block;width:6px"> </div>Accordingly,<div style="display:inline-block;width:6px"> </div>the Company<div style="display:inline-block;width:6px"> </div>had </div><div id="a17291_98_2" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:562px;top:0px;">no</div><div id="a17291_100_22" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:575px;top:0px;"><div style="display:inline-block;width:4px"> </div>accrued interest<div style="display:inline-block;width:6px"> </div>and </div><div id="a17299" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:16px;">penalties related to uncertain tax positions. </div><div id="a17302" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">We<div style="display:inline-block;width:5px"> </div>are subject<div style="display:inline-block;width:5px"> </div>to income<div style="display:inline-block;width:5px"> </div>tax in<div style="display:inline-block;width:5px"> </div>many jurisdictions<div style="display:inline-block;width:5px"> </div>within the<div style="display:inline-block;width:5px"> </div>U.S.<div style="display:inline-block;width:8px"> </div>We<div style="display:inline-block;width:5px"> </div>are currently<div style="display:inline-block;width:5px"> </div>not under<div style="display:inline-block;width:5px"> </div>audit by<div style="display:inline-block;width:5px"> </div>the Internal<div style="display:inline-block;width:5px"> </div>Revenue </div><div id="a17303" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">Service<div style="display:inline-block;width:5px"> </div>or<div style="display:inline-block;width:5px"> </div>by<div style="display:inline-block;width:5px"> </div>any<div style="display:inline-block;width:5px"> </div>state<div style="display:inline-block;width:5px"> </div>and<div style="display:inline-block;width:5px"> </div>local<div style="display:inline-block;width:5px"> </div>tax<div style="display:inline-block;width:5px"> </div>authorities.<div style="display:inline-block;width:5px"> </div>Tax<div style="display:inline-block;width:6px"> </div>periods<div style="display:inline-block;width:5px"> </div>for<div style="display:inline-block;width:5px"> </div>all<div style="display:inline-block;width:5px"> </div>years<div style="display:inline-block;width:5px"> </div>beginning<div style="display:inline-block;width:5px"> </div>with<div style="display:inline-block;width:5px"> </div>fiscal<div style="display:inline-block;width:5px"> </div>year<div style="display:inline-block;width:5px"> </div>2020<div style="display:inline-block;width:5px"> </div>remain<div style="display:inline-block;width:5px"> </div>open<div style="display:inline-block;width:5px"> </div>to </div><div id="a17305" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:79px;">examination by federal and state taxing jurisdictions to which we are<div style="display:inline-block;width:5px"> </div>subject.</div></div> <div id="TextBlockContainer195" style="position:relative;line-height:normal;width:693px;height:187px;"><div id="a16839" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:486px;top:0px;">Fiscal year ended </div><div id="a16844" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:392px;top:17px;">June 3, 2023 </div><div id="a16847" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:496px;top:17px;">May 28, 2022 </div><div id="a16850" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:603px;top:17px;">May 29, 2021 </div><div id="a16852" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:35px;">Current: </div><div id="a16863" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:52px;">Federal </div><div id="a16866" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:377px;top:52px;">$ </div><div id="a16868" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:427px;top:52px;">180,521</div><div id="a16871" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:52px;">$ </div><div id="a16873" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:541px;top:52px;">24,228</div><div id="a16876" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:52px;">$ </div><div id="a16878" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:643px;top:52px;display:flex;">(35,090)</div><div id="a16880" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:69px;">State </div><div id="a16884" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:434px;top:69px;">36,830</div><div id="a16888" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:547px;top:69px;">3,670</div><div id="a16892" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:664px;top:69px;">730</div><div id="a16897" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:427px;top:86px;">217,351</div><div id="a16901" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:541px;top:86px;">27,898</div><div id="a16905" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:643px;top:86px;display:flex;">(34,360)</div><div id="a16907" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:103px;">Deferred: </div><div id="a16918" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:120px;">Federal </div><div id="a16922" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:434px;top:120px;">19,952</div><div id="a16926" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:547px;top:120px;">2,716</div><div id="a16930" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:120px;">21,658</div><div id="a16932" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:137px;">State </div><div id="a16936" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:440px;top:137px;">4,515</div><div id="a16940" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:547px;top:137px;">2,960</div><div id="a16944" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:664px;top:137px;">693</div><div id="a16949" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:434px;top:154px;">24,467</div><div id="a16953" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:547px;top:154px;">5,676</div><div id="a16957" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:154px;">22,351</div><div id="a16961" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:377px;top:172px;">$ </div><div id="a16963" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:427px;top:172px;">241,818</div><div id="a16966" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:172px;">$ </div><div id="a16968" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:541px;top:172px;">33,574</div><div id="a16971" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:172px;">$ </div><div id="a16973" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:643px;top:172px;display:flex;">(12,009)</div></div> 180521000 24228000 -35090000 36830000 3670000 730000 217351000 27898000 -34360000 19952000 2716000 21658000 4515000 2960000 693000 24467000 5676000 22351000 241818000 33574000 -12009000 <div id="TextBlockContainer201" style="position:relative;line-height:normal;width:687px;height:274px;"><div id="a16984" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:499px;top:0px;">June 3, 2023 </div><div id="a16987" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:603px;top:0px;">May 28, 2022 </div><div id="a16989" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:18px;">Deferred tax liabilities: </div><div id="a16997" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:35px;">Property, plant and equipment </div><div id="a17000" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:35px;">$ </div><div id="a17002" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:534px;top:35px;">109,590</div><div id="a17005" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:35px;">$ </div><div id="a17007" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:641px;top:35px;">100,250</div><div id="a17009" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:52px;">Inventories </div><div id="a17013" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:541px;top:52px;">44,986</div><div id="a17017" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:648px;top:52px;">31,987</div><div id="a17019" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:69px;">Investment in affiliates </div><div id="a17023" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:547px;top:69px;">1,133</div><div id="a17027" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:671px;top:69px;">65</div><div id="a17029" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:86px;">Other </div><div id="a17033" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:547px;top:86px;">5,702</div><div id="a17037" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:86px;">5,713</div><div id="a17039" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:103px;">Total deferred<div style="display:inline-block;width:5px"> </div>tax liabilities </div><div id="a17045" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:534px;top:103px;">161,411</div><div id="a17049" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:641px;top:103px;">138,015</div><div id="a17058" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:137px;">Deferred tax assets: </div><div id="a17066" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:154px;">Accrued expenses </div><div id="a17070" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:547px;top:154px;">3,838</div><div id="a17074" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:154px;">4,041</div><div id="a17076" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:171px;">State operating loss carryforwards </div><div id="a17080" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:171px;">78</div><div id="a17084" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:664px;top:171px;">470</div><div id="a17086" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:188px;">Other comprehensive income </div><div id="a17090" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:547px;top:188px;">1,317</div><div id="a17094" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:664px;top:188px;">866</div><div id="a17096" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:22px;top:205px;">Other </div><div id="a17100" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:547px;top:205px;">3,966</div><div id="a17104" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:205px;">4,442</div><div id="a17106" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:223px;">Total deferred<div style="display:inline-block;width:5px"> </div>tax assets </div><div id="a17112" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:547px;top:223px;">9,199</div><div id="a17116" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:223px;">9,819</div><div id="a17125" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:259px;">Net deferred tax liabilities </div><div id="a17128" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:259px;">$ </div><div id="a17130" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:534px;top:259px;">152,212</div><div id="a17133" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:259px;">$ </div><div id="a17135" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:641px;top:259px;">128,196</div></div> 109590000 100250000 44986000 31987000 1133000 65000 5702000 5713000 161411000 138015000 3838000 4041000 78000 470000 1317000 866000 3966000 4442000 9199000 9819000 152212000 128196000 <div id="TextBlockContainer208" style="position:relative;line-height:normal;width:693px;height:188px;"><div id="div_206_XBRL_TS_38f79a27e5214a659115d6eb529be1c6" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer207" style="position:relative;line-height:normal;width:693px;height:188px;"><div id="a17145" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:493px;top:0px;">Fiscal year end </div><div id="a17149" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:392px;top:17px;">June 3, 2023 </div><div id="a17152" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:496px;top:17px;">May 28, 2022 </div><div id="a17155" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:603px;top:17px;">May 29, 2021 </div><div id="a17157" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:35px;">Statutory federal income tax </div><div id="a17160" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:377px;top:35px;">$ </div><div id="a17162" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:427px;top:35px;">209,418</div><div id="a17165" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:35px;">$ </div><div id="a17167" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:541px;top:35px;">34,907</div><div id="a17170" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:35px;">$ </div><div id="a17172" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:650px;top:35px;display:flex;">(2,087)</div><div id="a17174" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:52px;">State income taxes, net </div><div id="a17178" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:434px;top:52px;">32,662</div><div id="a17182" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:547px;top:52px;">5,237</div><div id="a17186" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:52px;">1,124</div><div id="a17188" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:69px;">Domestic manufacturers deduction </div><div id="a17192" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:457px;top:69px;">—</div><div id="a17196" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:69px;">—</div><div id="a17200" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:69px;">3,566</div><div id="a17202" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:86px;">Enacted net operating loss carryback provision </div><div id="a17206" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:457px;top:86px;">—</div><div id="a17210" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:564px;top:86px;">—</div><div id="a17214" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:643px;top:86px;display:flex;">(16,014)</div><div id="a17216" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:103px;">Tax exempt<div style="display:inline-block;width:5px"> </div>interest income </div><div id="a17220" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:457px;top:103px;">—</div><div id="a17224" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:566px;top:103px;display:flex;">(9)</div><div id="a17228" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:666px;top:103px;display:flex;">(50)</div><div id="a17230" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:120px;">Reversal of outside basis in equity investment Red River </div><div id="a17234" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:457px;top:120px;">—</div><div id="a17238" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:543px;top:120px;display:flex;">(7,310)</div><div id="a17242" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:671px;top:120px;">—</div><div id="a17244" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:137px;">Non-taxable remeasurement gain Red River </div><div id="a17250" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:457px;top:137px;">—</div><div id="a17254" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:553px;top:137px;display:flex;">(955)</div><div id="a17258" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:671px;top:137px;">—</div><div id="a17260" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:154px;">Other, net </div><div id="a17264" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:445px;top:154px;display:flex;">(262)</div><div id="a17268" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:547px;top:154px;">1,704</div><div id="a17272" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:654px;top:154px;">1,452</div><div id="a17276" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:377px;top:172px;">$ </div><div id="a17278" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:427px;top:172px;">241,818</div><div id="a17281" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:485px;top:172px;">$ </div><div id="a17283" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:541px;top:172px;">33,574</div><div id="a17286" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:591px;top:172px;">$ </div><div id="a17288" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:643px;top:172px;display:flex;">(12,009)</div></div></div></div> 209418000 34907000 -2087000 32662000 5237000 1124000 0 0 3566000 0 0 16014000 0 9000 50000 0 7310000 0 0 955000 0 -262000 1704000 1452000 241818000 33574000 -12009000 0 0 <div id="TextBlockContainer212" style="position:relative;line-height:normal;width:697px;height:804px;"><div id="a17311" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:bold;font-style:normal;color:#000000;left:4px;top:0px;">Note 16 - Commitments and Contingencies </div><div id="a17319" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:bold;font-style:normal;color:#000000;left:4px;top:32px;">State of Texas<div style="display:inline-block;width:5px"> </div>v. Cal-Maine Foods, Inc. d/b/a Wharton;<div style="display:inline-block;width:5px"> </div>and Wharton County Foods, LLC<div style="display:inline-block;width:4px"> </div></div><div id="a17324" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">On April 23, 2020, the Company and its subsidiary Wharton County Foods, LLC (“WCF”) were named as defendants in State of </div><div id="a17325" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:79px;">Texas<div style="display:inline-block;width:5px"> </div>v.<div style="display:inline-block;width:5px"> </div>Cal-Maine Foods, Inc.<div style="display:inline-block;width:5px"> </div>d/b/a Wharton; and<div style="display:inline-block;width:5px"> </div>Wharton County Foods,<div style="display:inline-block;width:5px"> </div>LLC, Cause No. 2020-25427,<div style="display:inline-block;width:5px"> </div>in the District Court </div><div id="a17331" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:95px;">of Harris County,<div style="display:inline-block;width:5px"> </div>Texas. The State<div style="display:inline-block;width:5px"> </div>of Texas<div style="display:inline-block;width:5px"> </div>(the “State”) asserted claims based on the<div style="display:inline-block;width:5px"> </div>Company’s and<div style="display:inline-block;width:5px"> </div>WCF’s alleged violation </div><div id="a17332" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:111px;">of<div style="display:inline-block;width:5px"> </div>the Texas<div style="display:inline-block;width:7px"> </div>Deceptive<div style="display:inline-block;width:5px"> </div>Trade<div style="display:inline-block;width:5px"> </div>Practices—Consumer<div style="display:inline-block;width:5px"> </div>Protection<div style="display:inline-block;width:5px"> </div>Act, Tex.<div style="display:inline-block;width:7px"> </div>Bus.<div style="display:inline-block;width:5px"> </div>&amp; Com.<div style="display:inline-block;width:6px"> </div>Code §§<div style="display:inline-block;width:6px"> </div>17.41-17.63<div style="display:inline-block;width:5px"> </div>(“DTPA”).<div style="display:inline-block;width:6px"> </div>The </div><div id="a17339" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:126px;">State claimed<div style="display:inline-block;width:6px"> </div>that<div style="display:inline-block;width:5px"> </div>the Company<div style="display:inline-block;width:6px"> </div>and<div style="display:inline-block;width:5px"> </div>WCF offered<div style="display:inline-block;width:6px"> </div>shell eggs<div style="display:inline-block;width:6px"> </div>at<div style="display:inline-block;width:5px"> </div>excessive<div style="display:inline-block;width:5px"> </div>or exorbitant<div style="display:inline-block;width:6px"> </div>prices<div style="display:inline-block;width:5px"> </div>during<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>COVID-19<div style="display:inline-block;width:5px"> </div>state of </div><div id="a17342" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:142px;">emergency and made misleading<div style="display:inline-block;width:2px"> </div>statements about shell<div style="display:inline-block;width:2px"> </div>egg prices. The<div style="display:inline-block;width:2px"> </div>State sought temporary and<div style="display:inline-block;width:1px"> </div>permanent injunctions against </div><div id="a17344" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:158px;">the Company and WCF to prevent further alleged violations of the DTPA,<div style="display:inline-block;width:5px"> </div>along with over $</div><div id="a17344_88_7" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:497px;top:158px;">100,000</div><div id="a17344_95_27" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:541px;top:158px;"><div style="display:inline-block;width:3px"> </div>in damages. On August 13, </div><div id="a17348" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:174px;">2020, the<div style="display:inline-block;width:5px"> </div>court granted<div style="display:inline-block;width:5px"> </div>the defendants’<div style="display:inline-block;width:5px"> </div>motion to<div style="display:inline-block;width:5px"> </div>dismiss the<div style="display:inline-block;width:5px"> </div>State’s<div style="display:inline-block;width:5px"> </div>original petition<div style="display:inline-block;width:5px"> </div>with prejudice.<div style="display:inline-block;width:5px"> </div>On September<div style="display:inline-block;width:5px"> </div>11, 2020, </div><div id="a17350" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:189px;">the State filed a<div style="display:inline-block;width:5px"> </div>notice of appeal,<div style="display:inline-block;width:5px"> </div>which was assigned<div style="display:inline-block;width:5px"> </div>to the Texas<div style="display:inline-block;width:6px"> </div>Court of Appeals<div style="display:inline-block;width:5px"> </div>for the First District.<div style="display:inline-block;width:5px"> </div>On August 16,<div style="display:inline-block;width:5px"> </div>2022, </div><div id="a17352" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:205px;">the<div style="display:inline-block;width:5px"> </div>appeals<div style="display:inline-block;width:5px"> </div>court<div style="display:inline-block;width:5px"> </div>reversed<div style="display:inline-block;width:5px"> </div>and<div style="display:inline-block;width:5px"> </div>remanded<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>case<div style="display:inline-block;width:5px"> </div>back<div style="display:inline-block;width:5px"> </div>to<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>trial<div style="display:inline-block;width:5px"> </div>court<div style="display:inline-block;width:5px"> </div>for<div style="display:inline-block;width:5px"> </div>further<div style="display:inline-block;width:5px"> </div>proceedings.<div style="display:inline-block;width:5px"> </div>On<div style="display:inline-block;width:5px"> </div>October<div style="display:inline-block;width:5px"> </div>31,<div style="display:inline-block;width:5px"> </div>2022,<div style="display:inline-block;width:5px"> </div>the </div><div id="a17355" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:221px;">Company and WCF appealed the First District Court’s decision to the Supreme Court of Texas.<div style="display:inline-block;width:6px"> </div>On May 10, 2023, the Company </div><div id="a17356" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:237px;">filed its brief on the merits,<div style="display:inline-block;width:5px"> </div>and the State of Texas<div style="display:inline-block;width:5px"> </div>filed its brief on June 29, 2023.<div style="display:inline-block;width:5px"> </div>The Company filed its reply brief on July<div style="display:inline-block;width:5px"> </div>14, </div><div id="a17368" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:253px;">2023. Management believes the risk of material loss related to this matter to be remote. </div><div id="a17371" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:bold;font-style:normal;color:#000000;left:4px;top:284px;">Bell et al. v. Cal-Maine Foods et al.<div style="display:inline-block;width:5px"> </div></div><div id="a17376" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:316px;">On April 30, 2020, the Company was named as one of several defendants in Bell et al. v. Cal-Maine Foods et al., Case No. 1:20-</div><div id="a17381" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:331px;">cv-461, in the Western<div style="display:inline-block;width:5px"> </div>District of Texas, Austin<div style="display:inline-block;width:5px"> </div>Division. The defendants include numerous grocery<div style="display:inline-block;width:5px"> </div>stores, retailers, producers, </div><div id="a17385" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:347px;">and farms.<div style="display:inline-block;width:5px"> </div>Plaintiffs assert<div style="display:inline-block;width:5px"> </div>that defendants<div style="display:inline-block;width:5px"> </div>violated the<div style="display:inline-block;width:5px"> </div>DTPA<div style="display:inline-block;width:5px"> </div>by allegedly<div style="display:inline-block;width:5px"> </div>demanding exorbitant<div style="display:inline-block;width:5px"> </div>or excessive<div style="display:inline-block;width:5px"> </div>prices for<div style="display:inline-block;width:5px"> </div>eggs </div><div id="a17387" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:363px;">during the COVID-19 state of<div style="display:inline-block;width:2px"> </div>emergency. Plaintiffs request certification of a class of all consumers who<div style="display:inline-block;width:2px"> </div>purchased eggs in Texas </div><div id="a17390" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:379px;">sold,<div style="display:inline-block;width:5px"> </div>distributed,<div style="display:inline-block;width:5px"> </div>produced,<div style="display:inline-block;width:5px"> </div>or handled<div style="display:inline-block;width:6px"> </div>by any<div style="display:inline-block;width:6px"> </div>of the<div style="display:inline-block;width:6px"> </div>defendants<div style="display:inline-block;width:5px"> </div>during<div style="display:inline-block;width:5px"> </div>the COVID-19<div style="display:inline-block;width:6px"> </div>state of<div style="display:inline-block;width:6px"> </div>emergency.<div style="display:inline-block;width:6px"> </div>Plaintiffs<div style="display:inline-block;width:5px"> </div>seek<div style="display:inline-block;width:5px"> </div>to </div><div id="a17395" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:395px;">enjoin the Company<div style="display:inline-block;width:5px"> </div>and other defendants from<div style="display:inline-block;width:5px"> </div>selling eggs at a<div style="display:inline-block;width:5px"> </div>price more than<div style="display:inline-block;width:5px"> </div>10% greater than<div style="display:inline-block;width:5px"> </div>the price of eggs<div style="display:inline-block;width:5px"> </div>prior to the </div><div id="a17397" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:410px;">declaration<div style="display:inline-block;width:6px"> </div>of<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>state<div style="display:inline-block;width:5px"> </div>of<div style="display:inline-block;width:5px"> </div>emergency<div style="display:inline-block;width:6px"> </div>and<div style="display:inline-block;width:5px"> </div>damages<div style="display:inline-block;width:6px"> </div>in<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>amount<div style="display:inline-block;width:6px"> </div>of<div style="display:inline-block;width:5px"> </div>$</div><div id="a17397_68_6" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:399px;top:410px;">10,000</div><div id="a17397_74_20" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:436px;top:410px;"><div style="display:inline-block;width:5px"> </div>per<div style="display:inline-block;width:5px"> </div>violation,<div style="display:inline-block;width:5px"> </div>or<div style="display:inline-block;width:5px"> </div>$</div><div id="a17397_94_7" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:542px;top:410px;">250,000</div><div id="a17397_101_20" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:586px;top:410px;"><div style="display:inline-block;width:5px"> </div>for<div style="display:inline-block;width:5px"> </div>each<div style="display:inline-block;width:5px"> </div>violation </div><div id="a17405" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:426px;">impacting anyone over 65 years old. On December<div style="display:inline-block;width:5px"> </div>1, 2020, the Company and certain other defendants<div style="display:inline-block;width:5px"> </div>filed a motion to dismiss </div><div id="a17406" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:442px;">the plaintiffs’ amended class action complaint. The plaintiffs subsequently filed a motion to strike, and the motion to dismiss and </div><div id="a17408" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:458px;">related proceedings were referred to a United States magistrate judge. On July 14, 2021, the magistrate judge issued a report and </div><div id="a17411" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:474px;">recommendation to<div style="display:inline-block;width:5px"> </div>the court that<div style="display:inline-block;width:5px"> </div>the defendants’ motion<div style="display:inline-block;width:5px"> </div>to dismiss be<div style="display:inline-block;width:5px"> </div>granted and the<div style="display:inline-block;width:5px"> </div>case be dismissed<div style="display:inline-block;width:5px"> </div>without prejudice for </div><div id="a17413" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:489px;">lack of subject matter jurisdiction. On September 20, 2021, the court dismissed the case without prejudice. On July 13, 2022, the </div><div id="a17416" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:505px;">court denied the plaintiffs’ motion to set aside or amend<div style="display:inline-block;width:5px"> </div>the judgment to amend their complaint. </div><div id="a17419" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:537px;">On March 15, 2022,<div style="display:inline-block;width:5px"> </div>plaintiffs filed a<div style="display:inline-block;width:5px"> </div>second suit against the<div style="display:inline-block;width:5px"> </div>Company and several<div style="display:inline-block;width:5px"> </div>defendants in Bell et<div style="display:inline-block;width:5px"> </div>al. v.<div style="display:inline-block;width:5px"> </div>Cal-Maine Foods </div><div id="a17422" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:552px;">et al., Case No. 1:22-cv-246, in the Western District of Texas, Austin Division alleging<div style="display:inline-block;width:5px"> </div>the same assertions as laid out in the first </div><div id="a17429" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:568px;">complaint. On August 12,<div style="display:inline-block;width:2px"> </div>2022, the Company and<div style="display:inline-block;width:2px"> </div>other defendants in<div style="display:inline-block;width:2px"> </div>the case filed<div style="display:inline-block;width:2px"> </div>a motion to<div style="display:inline-block;width:2px"> </div>dismiss the plaintiffs’ class<div style="display:inline-block;width:2px"> </div>action </div><div id="a17431" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:584px;">complaint. On January 9, 2023, the court entered an order and final judgement<div style="display:inline-block;width:5px"> </div>granting the Company’s motion<div style="display:inline-block;width:5px"> </div>to dismiss.<div style="display:inline-block;width:3px"> </div></div><div id="a17435" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:615px;">On February<div style="display:inline-block;width:6px"> </div>8, 2023,<div style="display:inline-block;width:6px"> </div>the plaintiffs<div style="display:inline-block;width:6px"> </div>appealed<div style="display:inline-block;width:5px"> </div>the lower<div style="display:inline-block;width:6px"> </div>court’s<div style="display:inline-block;width:5px"> </div>judgement<div style="display:inline-block;width:5px"> </div>to the<div style="display:inline-block;width:6px"> </div>United States<div style="display:inline-block;width:6px"> </div>Court of<div style="display:inline-block;width:6px"> </div>Appeals for<div style="display:inline-block;width:6px"> </div>the Fifth </div><div id="a17436" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:631px;">Circuit, Case No.<div style="display:inline-block;width:5px"> </div>23-50112.<div style="display:inline-block;width:5px"> </div>The parties filed<div style="display:inline-block;width:5px"> </div>their respective appellate<div style="display:inline-block;width:5px"> </div>briefs, but the<div style="display:inline-block;width:5px"> </div>court has not<div style="display:inline-block;width:5px"> </div>ruled on these<div style="display:inline-block;width:5px"> </div>submissions. </div><div id="a17440" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:647px;">Management believes the risk of material loss related to both matters to be remote. </div><div id="a17443" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:bold;font-style:normal;color:#000000;left:4px;top:679px;">Kraft Foods Global, Inc. et al. v.<div style="display:inline-block;width:5px"> </div>United Egg Producers, Inc. et al.<div style="display:inline-block;width:4px"> </div></div><div id="a17446" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:710px;">As previously<div style="display:inline-block;width:6px"> </div>reported, on<div style="display:inline-block;width:6px"> </div>September 25,<div style="display:inline-block;width:6px"> </div>2008, the<div style="display:inline-block;width:6px"> </div>Company<div style="display:inline-block;width:5px"> </div>was named<div style="display:inline-block;width:6px"> </div>as one<div style="display:inline-block;width:6px"> </div>of several<div style="display:inline-block;width:6px"> </div>defendants<div style="display:inline-block;width:5px"> </div>in numerous<div style="display:inline-block;width:6px"> </div>antitrust </div><div id="a17448" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:726px;">cases involving<div style="display:inline-block;width:6px"> </div>the United<div style="display:inline-block;width:6px"> </div>States shell<div style="display:inline-block;width:5px"> </div>egg<div style="display:inline-block;width:5px"> </div>industry.<div style="display:inline-block;width:6px"> </div>The Company<div style="display:inline-block;width:6px"> </div>settled all<div style="display:inline-block;width:6px"> </div>of these<div style="display:inline-block;width:6px"> </div>cases, except<div style="display:inline-block;width:6px"> </div>for<div style="display:inline-block;width:5px"> </div>the claims<div style="display:inline-block;width:6px"> </div>of certain </div><div id="a17450" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:742px;">plaintiffs who sought substantial<div style="display:inline-block;width:5px"> </div>damages allegedly arising from<div style="display:inline-block;width:5px"> </div>the purchase of egg products (as<div style="display:inline-block;width:5px"> </div>opposed to shell eggs).<div style="display:inline-block;width:5px"> </div>These </div><div id="a17453" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:758px;">remaining plaintiffs<div style="display:inline-block;width:5px"> </div>are Kraft Food<div style="display:inline-block;width:5px"> </div>Global, Inc.,<div style="display:inline-block;width:5px"> </div>General Mills, Inc.,<div style="display:inline-block;width:5px"> </div>and Nestle USA,<div style="display:inline-block;width:5px"> </div>Inc. (the<div style="display:inline-block;width:5px"> </div>“Egg Products<div style="display:inline-block;width:5px"> </div>Plaintiffs”) and, </div><div id="a17456" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:773px;">until a subsequent settlement was reached as described below,<div style="display:inline-block;width:5px"> </div>The Kellogg Company. </div></div><div id="TextBlockContainer214" style="position:relative;line-height:normal;width:697px;height:932px;"><div id="a17464" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:0px;">On September 13, 2019, the case with the Egg Products Plaintiffs was remanded from a multi-district litigation proceeding in the </div><div id="a17468" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:16px;">United States District Court for<div style="display:inline-block;width:2px"> </div>the Eastern District of Pennsylvania, In<div style="display:inline-block;width:2px"> </div>re Processed Egg Products Antitrust<div style="display:inline-block;width:2px"> </div>Litigation, MDL No. </div><div id="a17471" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">2002,<div style="display:inline-block;width:5px"> </div>to<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>United<div style="display:inline-block;width:5px"> </div>States<div style="display:inline-block;width:5px"> </div>District<div style="display:inline-block;width:5px"> </div>Court<div style="display:inline-block;width:5px"> </div>for<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>Northern<div style="display:inline-block;width:5px"> </div>District<div style="display:inline-block;width:5px"> </div>of<div style="display:inline-block;width:5px"> </div>Illinois,<div style="display:inline-block;width:5px"> </div>Kraft<div style="display:inline-block;width:5px"> </div>Foods<div style="display:inline-block;width:5px"> </div>Global,<div style="display:inline-block;width:5px"> </div>Inc.<div style="display:inline-block;width:5px"> </div>et<div style="display:inline-block;width:5px"> </div>al.<div style="display:inline-block;width:5px"> </div>v.<div style="display:inline-block;width:6px"> </div>United<div style="display:inline-block;width:5px"> </div>Egg </div><div id="a17473" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:47px;">Producers, Inc. et al., Case No. 1:11-cv-8808, for trial. The Egg Products<div style="display:inline-block;width:2px"> </div>Plaintiffs allege that the Company and other defendants </div><div id="a17478" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:63px;">violated Section 1<div style="display:inline-block;width:5px"> </div>of the Sherman Act,<div style="display:inline-block;width:5px"> </div>15. U.S.C. §<div style="display:inline-block;width:5px"> </div>1, by agreeing<div style="display:inline-block;width:5px"> </div>to limit the production<div style="display:inline-block;width:5px"> </div>of eggs and<div style="display:inline-block;width:5px"> </div>thereby illegally to<div style="display:inline-block;width:5px"> </div>raise </div><div id="a17480" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:79px;">the prices that<div style="display:inline-block;width:5px"> </div>plaintiffs paid for<div style="display:inline-block;width:5px"> </div>processed egg products.<div style="display:inline-block;width:5px"> </div>In particular,<div style="display:inline-block;width:5px"> </div>the Egg Products Plaintiffs<div style="display:inline-block;width:5px"> </div>are attacking certain<div style="display:inline-block;width:5px"> </div>features </div><div id="a17482" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:95px;">of the United<div style="display:inline-block;width:5px"> </div>Egg Producers animal-welfare<div style="display:inline-block;width:5px"> </div>guidelines and program<div style="display:inline-block;width:5px"> </div>used by the<div style="display:inline-block;width:5px"> </div>Company and many<div style="display:inline-block;width:5px"> </div>other egg producers.<div style="display:inline-block;width:5px"> </div>The </div><div id="a17486" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:111px;">Egg Products<div style="display:inline-block;width:5px"> </div>Plaintiffs seek<div style="display:inline-block;width:5px"> </div>to enjoin<div style="display:inline-block;width:5px"> </div>the Company<div style="display:inline-block;width:5px"> </div>and other<div style="display:inline-block;width:5px"> </div>defendants from<div style="display:inline-block;width:5px"> </div>engaging in<div style="display:inline-block;width:5px"> </div>antitrust violations<div style="display:inline-block;width:5px"> </div>and seek<div style="display:inline-block;width:5px"> </div>treble </div><div id="a17488" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:126px;">money damages.<div style="display:inline-block;width:5px"> </div>On May<div style="display:inline-block;width:5px"> </div>2, 2022,<div style="display:inline-block;width:5px"> </div>the court<div style="display:inline-block;width:5px"> </div>set trial<div style="display:inline-block;width:5px"> </div>for October<div style="display:inline-block;width:5px"> </div>24, 2022,<div style="display:inline-block;width:5px"> </div>but on<div style="display:inline-block;width:5px"> </div>September 20,<div style="display:inline-block;width:5px"> </div>2022, the<div style="display:inline-block;width:5px"> </div>court cancelled<div style="display:inline-block;width:5px"> </div>the </div><div id="a17491" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:142px;">trial date due to COVID-19<div style="display:inline-block;width:5px"> </div>protocols and converted the trial date<div style="display:inline-block;width:5px"> </div>to a status hearing to reschedule<div style="display:inline-block;width:5px"> </div>the jury trial. Trial<div style="display:inline-block;width:5px"> </div>is now set </div><div id="a17494" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:158px;">for October 16, 2023. </div><div id="a17498" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:189px;">In addition,<div style="display:inline-block;width:6px"> </div>on October<div style="display:inline-block;width:6px"> </div>24, 2019,<div style="display:inline-block;width:6px"> </div>the Company<div style="display:inline-block;width:6px"> </div>entered into<div style="display:inline-block;width:6px"> </div>a confidential<div style="display:inline-block;width:6px"> </div>settlement agreement<div style="display:inline-block;width:6px"> </div>with The<div style="display:inline-block;width:6px"> </div>Kellogg Company </div><div id="a17499" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:205px;">dismissing all<div style="display:inline-block;width:2px"> </div>claims against the<div style="display:inline-block;width:2px"> </div>Company for an<div style="display:inline-block;width:2px"> </div>amount that did<div style="display:inline-block;width:1px"> </div>not have a<div style="display:inline-block;width:1px"> </div>material impact on<div style="display:inline-block;width:1px"> </div>the Company’s financial condition </div><div id="a17501" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:221px;">or results of operations. On November<div style="display:inline-block;width:5px"> </div>11, 2019, a stipulation for<div style="display:inline-block;width:5px"> </div>dismissal was filed with the court,<div style="display:inline-block;width:5px"> </div>and on March 28, 2022, the </div><div id="a17503" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:237px;">court dismissed the Company with prejudice. </div><div id="a17506" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:268px;">The Company intends to<div style="display:inline-block;width:5px"> </div>continue to defend the remaining<div style="display:inline-block;width:5px"> </div>case with the Egg Products<div style="display:inline-block;width:5px"> </div>Plaintiffs as vigorously as<div style="display:inline-block;width:5px"> </div>possible based </div><div id="a17509" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:284px;">on<div style="display:inline-block;width:6px"> </div>defenses<div style="display:inline-block;width:6px"> </div>which<div style="display:inline-block;width:6px"> </div>the<div style="display:inline-block;width:6px"> </div>Company<div style="display:inline-block;width:6px"> </div>believes<div style="display:inline-block;width:6px"> </div>are<div style="display:inline-block;width:6px"> </div>meritorious<div style="display:inline-block;width:6px"> </div>and<div style="display:inline-block;width:6px"> </div>provable.<div style="display:inline-block;width:6px"> </div>Adjustments,<div style="display:inline-block;width:6px"> </div>if<div style="display:inline-block;width:6px"> </div>any,<div style="display:inline-block;width:7px"> </div>which<div style="display:inline-block;width:6px"> </div>might<div style="display:inline-block;width:6px"> </div>result<div style="display:inline-block;width:6px"> </div>from<div style="display:inline-block;width:6px"> </div>the </div><div id="a17510" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:300px;">resolution of<div style="display:inline-block;width:5px"> </div>this remaining<div style="display:inline-block;width:5px"> </div>matter with<div style="display:inline-block;width:5px"> </div>the Egg<div style="display:inline-block;width:5px"> </div>Products Plaintiffs<div style="display:inline-block;width:6px"> </div>have not<div style="display:inline-block;width:5px"> </div>been reflected<div style="display:inline-block;width:5px"> </div>in the<div style="display:inline-block;width:5px"> </div>financial statements.<div style="display:inline-block;width:6px"> </div>While </div><div id="a17512" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:316px;">management believes that there is<div style="display:inline-block;width:2px"> </div>still a reasonable possibility of a<div style="display:inline-block;width:2px"> </div>material adverse outcome from the<div style="display:inline-block;width:2px"> </div>case with the Egg<div style="display:inline-block;width:2px"> </div>Products </div><div id="a17514" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:331px;">Plaintiffs, at<div style="display:inline-block;width:5px"> </div>the present<div style="display:inline-block;width:5px"> </div>time, it<div style="display:inline-block;width:5px"> </div>is not<div style="display:inline-block;width:5px"> </div>possible to<div style="display:inline-block;width:5px"> </div>estimate the<div style="display:inline-block;width:5px"> </div>amount of<div style="display:inline-block;width:5px"> </div>monetary exposure,<div style="display:inline-block;width:5px"> </div>if any,<div style="display:inline-block;width:6px"> </div>to the<div style="display:inline-block;width:5px"> </div>Company due<div style="display:inline-block;width:5px"> </div>to a </div><div id="a17516" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:347px;">range of factors,<div style="display:inline-block;width:1px"> </div>including the<div style="display:inline-block;width:2px"> </div>following, among others:<div style="display:inline-block;width:1px"> </div>two earlier trials<div style="display:inline-block;width:1px"> </div>based on substantially<div style="display:inline-block;width:1px"> </div>the same<div style="display:inline-block;width:2px"> </div>facts and<div style="display:inline-block;width:2px"> </div>legal arguments </div><div id="a17518" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:363px;">resulted in findings of<div style="display:inline-block;width:5px"> </div>no conspiracy and/or damages;<div style="display:inline-block;width:5px"> </div>this trial will be before<div style="display:inline-block;width:5px"> </div>a different judge<div style="display:inline-block;width:5px"> </div>and jury in a different<div style="display:inline-block;width:5px"> </div>court than </div><div id="a17520" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:379px;">prior related cases; there are significant factual issues to<div style="display:inline-block;width:2px"> </div>be resolved; and there are requests for damages<div style="display:inline-block;width:2px"> </div>other than compensatory </div><div id="a17522" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:395px;">damages (i.e., injunction and treble money damages).</div><div id="a17525" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:bold;font-style:normal;color:#000000;left:4px;top:426px;">State of Oklahoma Watershed Pollution<div style="display:inline-block;width:5px"> </div>Litigation </div><div id="a17529" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:458px;">On June<div style="display:inline-block;width:5px"> </div>18, 2005,<div style="display:inline-block;width:5px"> </div>the State<div style="display:inline-block;width:5px"> </div>of Oklahoma<div style="display:inline-block;width:5px"> </div>filed suit,<div style="display:inline-block;width:5px"> </div>in the<div style="display:inline-block;width:5px"> </div>United States<div style="display:inline-block;width:5px"> </div>District Court<div style="display:inline-block;width:5px"> </div>for the<div style="display:inline-block;width:5px"> </div>Northern District<div style="display:inline-block;width:5px"> </div>of Oklahoma, </div><div id="a17531" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:474px;">against Cal-Maine Foods, Inc. and Tyson Foods, Inc., Cobb-Vantress, Inc., Cargill,<div style="display:inline-block;width:5px"> </div>Inc., George’s, Inc., Peterson Farms, Inc. and </div><div id="a17537" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:489px;">Simmons Foods, Inc., and certain<div style="display:inline-block;width:5px"> </div>of their affiliates. The State<div style="display:inline-block;width:5px"> </div>of Oklahoma claims that through the<div style="display:inline-block;width:5px"> </div>disposal of chicken litter the </div><div id="a17539" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:505px;">defendants<div style="display:inline-block;width:5px"> </div>polluted<div style="display:inline-block;width:5px"> </div>the Illinois<div style="display:inline-block;width:6px"> </div>River<div style="display:inline-block;width:5px"> </div>Watershed.<div style="display:inline-block;width:6px"> </div>This<div style="display:inline-block;width:5px"> </div>watershed<div style="display:inline-block;width:5px"> </div>provides<div style="display:inline-block;width:5px"> </div>water to<div style="display:inline-block;width:6px"> </div>eastern Oklahoma.<div style="display:inline-block;width:6px"> </div>The complaint<div style="display:inline-block;width:6px"> </div>sought </div><div id="a17541" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:521px;">injunctive relief and monetary damages, but the claim for monetary<div style="display:inline-block;width:5px"> </div>damages was dismissed by the court. Cal-Maine Foods, Inc. </div><div id="a17544" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:537px;">discontinued operations<div style="display:inline-block;width:5px"> </div>in the watershed<div style="display:inline-block;width:5px"> </div>in or around<div style="display:inline-block;width:5px"> </div>2005. Since the litigation<div style="display:inline-block;width:5px"> </div>began, Cal-Maine Foods,<div style="display:inline-block;width:5px"> </div>Inc. purchased </div><div id="a17544_120_3" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:658px;top:537px;">100</div><div id="a17544_123_2" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:678px;top:537px;">% </div><div id="a17550" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:552px;">of the membership<div style="display:inline-block;width:2px"> </div>interests of<div style="display:inline-block;width:2px"> </div>Benton County Foods,<div style="display:inline-block;width:2px"> </div>LLC, which is<div style="display:inline-block;width:1px"> </div>an ongoing commercial<div style="display:inline-block;width:2px"> </div>shell egg operation<div style="display:inline-block;width:2px"> </div>within the Illinois </div><div id="a17552" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:568px;">River<div style="display:inline-block;width:5px"> </div>Watershed.<div style="display:inline-block;width:6px"> </div>Benton<div style="display:inline-block;width:5px"> </div>County<div style="display:inline-block;width:5px"> </div>Foods,<div style="display:inline-block;width:5px"> </div>LLC<div style="display:inline-block;width:5px"> </div>is<div style="display:inline-block;width:5px"> </div>not<div style="display:inline-block;width:5px"> </div>a<div style="display:inline-block;width:5px"> </div>defendant<div style="display:inline-block;width:5px"> </div>in<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>litigation.<div style="display:inline-block;width:5px"> </div>We<div style="display:inline-block;width:6px"> </div>also<div style="display:inline-block;width:5px"> </div>have<div style="display:inline-block;width:5px"> </div>a<div style="display:inline-block;width:5px"> </div>number<div style="display:inline-block;width:5px"> </div>of<div style="display:inline-block;width:5px"> </div>small<div style="display:inline-block;width:5px"> </div>contract </div><div id="a17555" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:584px;">producers that operate in the area. </div><div id="a17558" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:615px;">The non-jury trial in the case began in September 2009<div style="display:inline-block;width:5px"> </div>and concluded in February 2010. On January 18, 2023, the court entered </div><div id="a17561" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:631px;">findings of<div style="display:inline-block;width:5px"> </div>fact and<div style="display:inline-block;width:5px"> </div>conclusions of<div style="display:inline-block;width:5px"> </div>law in favor<div style="display:inline-block;width:5px"> </div>of the<div style="display:inline-block;width:5px"> </div>State of<div style="display:inline-block;width:5px"> </div>Oklahoma, but<div style="display:inline-block;width:5px"> </div>no penalties<div style="display:inline-block;width:5px"> </div>were assessed.<div style="display:inline-block;width:5px"> </div>The court<div style="display:inline-block;width:5px"> </div>found the </div><div id="a17563" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:647px;">defendants liable for state law nuisance, federal<div style="display:inline-block;width:2px"> </div>common law nuisance, and state law<div style="display:inline-block;width:2px"> </div>trespass. The court also found the<div style="display:inline-block;width:2px"> </div>producers </div><div id="a17565" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:663px;">vicariously liable for the actions of<div style="display:inline-block;width:2px"> </div>their contract producers. The court directed the<div style="display:inline-block;width:2px"> </div>parties to confer in attempt to<div style="display:inline-block;width:2px"> </div>reach agreement </div><div id="a17567" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:679px;">on appropriate remedies. On June 12, 2023, the court ordered the<div style="display:inline-block;width:2px"> </div>parties to mediate before the Tenth Circuit Chief Judge Deanell </div><div id="a17569" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:694px;">Reece Tacha<div style="display:inline-block;width:5px"> </div>and instructed the parties<div style="display:inline-block;width:5px"> </div>to file a joint<div style="display:inline-block;width:5px"> </div>status report fourteen days<div style="display:inline-block;width:5px"> </div>following mediation. The<div style="display:inline-block;width:5px"> </div>mediation has not yet </div><div id="a17572" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:710px;">been set but is expected to be in the September to October time frame this fall. While management believes<div style="display:inline-block;width:5px"> </div>there is a reasonable </div><div id="a17574" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:726px;">possibility of a material loss from the case, at the present<div style="display:inline-block;width:5px"> </div>time, it is not possible to estimate the amount of<div style="display:inline-block;width:5px"> </div>monetary exposure, if </div><div id="a17576" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:742px;">any,<div style="display:inline-block;width:5px"> </div>to the Company<div style="display:inline-block;width:5px"> </div>due to a<div style="display:inline-block;width:5px"> </div>range of factors,<div style="display:inline-block;width:5px"> </div>including the following,<div style="display:inline-block;width:5px"> </div>among others: uncertainties<div style="display:inline-block;width:5px"> </div>inherent in any<div style="display:inline-block;width:5px"> </div>assessment </div><div id="a17578" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:758px;">of potential costs<div style="display:inline-block;width:5px"> </div>associated with injunctive<div style="display:inline-block;width:5px"> </div>relief or other<div style="display:inline-block;width:5px"> </div>penalties based on<div style="display:inline-block;width:5px"> </div>a decision in<div style="display:inline-block;width:5px"> </div>a case tried over<div style="display:inline-block;width:5px"> </div>13 years ago based </div><div id="a17580" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:773px;">on<div style="display:inline-block;width:6px"> </div>environmental<div style="display:inline-block;width:6px"> </div>conditions<div style="display:inline-block;width:6px"> </div>that<div style="display:inline-block;width:6px"> </div>existed<div style="display:inline-block;width:6px"> </div>at<div style="display:inline-block;width:6px"> </div>the<div style="display:inline-block;width:6px"> </div>time,<div style="display:inline-block;width:6px"> </div>the<div style="display:inline-block;width:5px"> </div>lack<div style="display:inline-block;width:6px"> </div>of<div style="display:inline-block;width:6px"> </div>guidance<div style="display:inline-block;width:6px"> </div>from<div style="display:inline-block;width:6px"> </div>the<div style="display:inline-block;width:6px"> </div>court<div style="display:inline-block;width:6px"> </div>as<div style="display:inline-block;width:6px"> </div>to<div style="display:inline-block;width:6px"> </div>what<div style="display:inline-block;width:6px"> </div>might<div style="display:inline-block;width:6px"> </div>be<div style="display:inline-block;width:6px"> </div>considered </div><div id="a17581" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:789px;">appropriate remedies, the ongoing negotiations with the State on appropriate remedies and upcoming mediation,<div style="display:inline-block;width:5px"> </div>and uncertainty </div><div id="a17589" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:805px;">regarding<div style="display:inline-block;width:5px"> </div>what<div style="display:inline-block;width:5px"> </div>our<div style="display:inline-block;width:5px"> </div>proportionate<div style="display:inline-block;width:5px"> </div>share<div style="display:inline-block;width:5px"> </div>of<div style="display:inline-block;width:5px"> </div>any<div style="display:inline-block;width:5px"> </div>remedy<div style="display:inline-block;width:5px"> </div>would<div style="display:inline-block;width:5px"> </div>be,<div style="display:inline-block;width:5px"> </div>although<div style="display:inline-block;width:5px"> </div>we<div style="display:inline-block;width:5px"> </div>believe<div style="display:inline-block;width:5px"> </div>that<div style="display:inline-block;width:5px"> </div>our<div style="display:inline-block;width:5px"> </div>share<div style="display:inline-block;width:5px"> </div>compared<div style="display:inline-block;width:5px"> </div>to<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>other </div><div id="a17590" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:821px;">defendants is small. </div><div id="a17593" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:bold;font-style:normal;color:#000000;left:4px;top:852px;">Other Matters </div><div id="a17596" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:884px;">In addition to<div style="display:inline-block;width:5px"> </div>the above, the Company<div style="display:inline-block;width:5px"> </div>is involved in<div style="display:inline-block;width:5px"> </div>various other claims<div style="display:inline-block;width:5px"> </div>and litigation incidental<div style="display:inline-block;width:5px"> </div>to its business. Although<div style="display:inline-block;width:5px"> </div>the </div><div id="a17599" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:900px;">outcome of these matters cannot be determined with certainty, management, upon the advice of counsel,<div style="display:inline-block;width:2px"> </div>is of the opinion that the </div><div id="a17601" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:915px;">final outcome should not have a material effect on the Company’s<div style="display:inline-block;width:6px"> </div>consolidated results of operations or financial position.</div></div> 100000 10000 250000 1 <div id="TextBlockContainer216" style="position:relative;line-height:normal;width:687px;height:189px;"><div id="a17621" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:bold;font-style:normal;color:#000000;left:4px;top:15px;">Description </div><div id="a17624" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:bold;font-style:normal;color:#000000;left:219px;top:0px;">Balance at<div style="display:inline-block;width:4px"> </div></div><div id="a17626" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:bold;font-style:normal;color:#000000;left:192px;top:15px;">Beginning of Period </div><div id="a17629" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:bold;font-style:normal;color:#000000;left:329px;top:0px;">Charged to Cost<div style="display:inline-block;width:4px"> </div></div><div id="a17631" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:bold;font-style:normal;color:#000000;left:340px;top:15px;">and Expense </div><div id="a17634" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:bold;font-style:normal;color:#000000;left:476px;top:0px;">Write-off<div style="display:inline-block;width:4px"> </div></div><div id="a17638" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:bold;font-style:normal;color:#000000;left:469px;top:15px;">of Accounts </div><div id="a17641" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:bold;font-style:normal;color:#000000;left:600px;top:0px;">Balance at<div style="display:inline-block;width:4px"> </div></div><div id="a17643" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:bold;font-style:normal;color:#000000;left:590px;top:15px;">End of Period </div><div id="a17658" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:49px;">Year<div style="display:inline-block;width:5px"> </div>ended June 3, 2023 </div><div id="a17672" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:67px;">Allowance for doubtful accounts </div><div id="a17675" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:190px;top:67px;">$ </div><div id="a17677" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:283px;top:67px;">775</div><div id="a17680" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:317px;top:67px;">$ </div><div id="a17682" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:405px;top:67px;display:flex;">(148)</div><div id="a17685" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:445px;top:67px;">$ </div><div id="a17687" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:544px;top:67px;">48</div><div id="a17690" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:571px;top:67px;">$ </div><div id="a17692" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:664px;top:67px;">579</div><div id="a17707" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:102px;">Year<div style="display:inline-block;width:5px"> </div>ended May 28, 2022 </div><div id="a17721" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:120px;">Allowance for doubtful accounts </div><div id="a17724" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:190px;top:120px;">$ </div><div id="a17726" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:283px;top:120px;">795</div><div id="a17729" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:317px;top:120px;">$ </div><div id="a17731" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:417px;top:120px;">30</div><div id="a17734" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:445px;top:120px;">$ </div><div id="a17736" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:544px;top:120px;">50</div><div id="a17739" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:571px;top:120px;">$ </div><div id="a17741" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:664px;top:120px;">775</div><div id="a17756" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:155px;">Year<div style="display:inline-block;width:5px"> </div>ended May 29, 2021 </div><div id="a17770" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:173px;">Allowance for doubtful accounts </div><div id="a17773" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:190px;top:173px;">$ </div><div id="a17775" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:283px;top:173px;">743</div><div id="a17778" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:317px;top:173px;">$ </div><div id="a17780" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:410px;top:173px;">135</div><div id="a17783" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:445px;top:173px;">$ </div><div id="a17785" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:544px;top:173px;">83</div><div id="a17788" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:571px;top:173px;">$ </div><div id="a17790" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:664px;top:173px;">795</div></div> 775000 -148000 48000 579000 795000 30000 50000 775000 743000 135000 83000 795000 Frost, PLLC Little Rock, Arkansas 5348