Consolidated Statements of Changes in Stockholders’ Equity and Accumulated Other
Comprehensive Income (Loss)

Financial Review 2005


(In thousands, except per share data) Common
Stock and
Surplus		 Retained
Earnings		 Treasury
Stock		 Accumulated Other
Comprehensive
Income (Loss)		 Unearned
Compensation		 Officer Notes
Receivable		 Total
Stockholders’
Equity
  Balance at May 26, 2002 $ 1,474,054   $ 700,986   $ (1,044,915 )     $ (12,414 )      $ (46,108 )   $ (1,997 )  $ 1,069,606  
  Comprehensive income:
    Net earnings		   –     225,979     –     –     –     –     225,979  
    Other comprehensive income (loss):
      Foreign currency adjustment		   –     –     –     1,995     –     –     1,995  
      Change in fair value of derivatives, net of tax of $0   –     –     –     2     –     –     2  
      Minimum pension liability adjustment, net of tax
        benefit of $141		   –     –     –     (229 )    –     –     (229 ) 
          Total comprehensive income                                       227,747  
  Cash dividends declared ($0.08 per share)    –     (13,501 )    –     –     –     –     (13,501 ) 
  Stock option exercises (3,133 shares)   27,261     –     1,652     –     –     –     28,913  
  Issuance of restricted stock (148 shares),
    net of forfeiture adjustments		   4,429     –     600     –     (5,029 )    –     –  
  Earned compensation   –     –     –     –     3,579     –     3,579  
  ESOP note receivable repayments   –     –     –     –     4,710     –     4,710  
  Income tax benefits credited to equity   16,385     –     –     –     –     –     16,385  
  Purchases of common stock for treasury (10,746 shares)   –     –     (213,311 )    –     –     –     (213,311 ) 
  Issuance of treasury stock under Employee
    Stock Purchase Plan and other plans (280 shares)		   3,828     –     1,681     –     –     –     5,509  
  Repayment of officer notes, net   –     –     –     –     –     418     418  
  Balance at May 25, 2003 $ 1,525,957   $ 913,464   $ (1,254,293 )  $ (10,646 )  $ (42,848 )  $ (1,579 )  $ 1,130,055  
  Comprehensive income:
    Net earnings		   –     227,173     –     –     –     –     227,173  
    Other comprehensive income (loss):
      Foreign currency adjustment		   –     –     –     337     –     –     337  
      Change in fair value of derivatives, net of tax of $51   –     –     –     205     –     –     205  
      Minimum pension liability adjustment, net of tax
        benefit of $45		   –     –     –     (69 )    –     –     (69 ) 
          Total comprehensive income                                       227,646  
  Cash dividends declared ($0.08 per share)   –     (12,984 )    –     –     –     –     (12,984 ) 
  Stock option exercises (3,464 shares)   30,972     –     3,685     –     –     –     34,657  
  Issuance of restricted stock (409 shares),
    net of forfeiture adjustments		   7,605     –     173     –     (7,778 )    –     –  
  Earned compensation   –     –     –     –     4,198     –     4,198  
  ESOP note receivable repayments   –     –     –     –     5,027     –     5,027  
  Income tax benefits credited to equity   15,650     –     –     –     –     –     15,650  
  Purchases of common stock for treasury (10,749 shares)   –     –     (235,462 )    –     –     –     (235,462 ) 
  Issuance of treasury stock under Employee
    Stock Purchase Plan and other plans (357 shares)		   3,931     –     2,129     –     –     –     6,060  
  Repayment of officer notes   –     –     –     –     –     441     441  
  Balance at May 30, 2004 $ 1,584,115   $ 1,127,653   $ (1,483,768 )  $ (10,173 )  $ (41,401 )  $ (1,138 )  $ 1,175,288  
  Comprehensive income:
    Net earnings		   –     290,606     –     –     –     –     290,606  
    Other comprehensive income (loss):
      Foreign currency adjustment		   –     –     –     1,450     –     –     1,450  
      Change in fair value of derivatives, net of tax of $1,503   –     –     –     (243 )    –     –     (243 ) 
      Minimum pension liability adjustment, net of tax
        benefit of $56		   –     –     –     90     –     –     90  
          Total comprehensive income                                       291,903  
  Cash dividends declared ($0.08 per share)   –     (12,505 )    –     –     –     –     (12,505 ) 
  Stock option exercises (6,615 shares)    62,464     –     7,081     –     –     –     69,545  
  Issuance of restricted stock (378 shares),
    net of forfeiture adjustments		   9,535     –     –     –     (9,535 )    –     –  
  Earned compensation   –     –     –     –     7,464     –     7,464  
  ESOP note receivable repayments   –     –     –     –     3,393     –     3,393  
  Income tax benefits credited to equity   42,996     –     –     –     –     –     42,996  
  Purchases of common stock for treasury (11,343 shares)   –     –     (311,686 )    –     –     –     (311,686 ) 
  Issuance of treasury stock under Employee Stock Purchase
    Plan and other plans (296 shares)		   4,226     –     1,932     –     –     –     6,158  
  Issuance of treasury stock under Employee Stock
    Ownership Plan (50 shares)		   –     –     1,606     –     (1,606 )    –     –  
  Repayment of officer notes   –     –     –     –     –     463     463  
  Balance at May 29, 2005 $ 1,703,336   $ 1,405,754   $ (1,784,835 )  $ (8,876 )  $ (41,685 )  $ (675 )  $ 1,273,019  

See accompanying notes to consolidated financial statements.