2.2.0.7falseRedeemable Preferred Stock118 - Disclosure - Redeemable Preferred Stocktruefalsefalsefalse1USDfalsefalseiso4217_USDStandardhttp://www.xbrl.org/2003/iso4217USDiso42170iso4217_USD_per_sharesDividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instanceshares0$53us-gaap_ScheduleOfRedeemablePreferredStockTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalsefalse00<div>
<p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Note 10 —
Redeemable Preferred Stock</b></font></p>
<p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px">
<font style="FONT-FAMILY: Times New Roman" size="2">Sojitz America
is the sole owner of the Company’s authorized Redeemable
Preferred Stock, $1 par value, which is redeemable at the option of
Sojitz America or the Company at par value aggregating $0.3
million. A cumulative dividend of $0.10 per share is payable
annually on May 31 and no dividends may be declared or paid on
the common stock of the Company unless dividends on the Redeemable
Preferred Stock have been declared and paid in full. There have
been no changes in the Redeemable Preferred Stock in the three
years ended May 31, 2010, 2009 and 2008. As the holder of the
Redeemable Preferred Stock, Sojitz America does not have general
voting rights but does have the right to vote as a separate class
on the sale of all or substantially all of the assets of the
Company and its subsidiaries, on merger, consolidation, liquidation
or dissolution of the Company or on the sale or assignment of the
NIKE trademark for athletic footwear sold in the United
States.</font></p>
</div>Note 10 —
Redeemable Preferred Stock
Sojitz America
is the sole owner of the Company’s authorized Redeemable
Preferred Stock, $1 par value,falsefalsefalseus-types:textBlockItemTypetextblockDisclosure of capital stock of an entity that has priority and preferential rights over common stock in the distribution of dividends and in the event of liquidation of the entity, in addition to other types of preferences. This schedule describes redeemable preferred stock and applies to preferred stock and convertible preferred stock. Does not include preferred stock that are mandatorily redeemable for assets of the entity or represent an unconditional obligation that will be settled in a variable number of shares constituting a monetary value predominantly indexed to (a) a fixed monetary amount known at inception, (b) an amount inversely correlated with the residual value of the entity, or (c) an amount determined by reference to something other than the fair value of the issuer's stock. Includes stock that has the following features: (1) redeemable at a fixed or determinable price on a fixed or determinable date or dates; (2) redeemable at the option of the holder; or (3) has conditions for redemption which are not solely within the control of the issuer. This disclosure may include a description by series, value, shares authorized, issued and outstanding, carrying and redemption amounts, redemption price per share, dollar amount of shares subscribed but unissued, and subscriptions receivable.No authoritative reference available.false11falseUnKnownUnKnownUnKnownfalsetrue