Fair Value Measurements (Tables)

3 Months Ended

Aug. 31, 2019

Schedule Of Fair Value And Carrying Value Of Borrowings Under Long-Term Debt

The fair value and carrying value of the Company’s borrowings under its long-term debt were as follows (in thousands):



	August 31, 2019				June 1, 2019
	Carrying Value		Fair Value		Carrying Value		Fair Value
Note payable	$	750	$	751	$	1,500	$	1,501
Finance lease obligations	1,005		910		1,054		940
	$	1,755	$	1,661	$	2,554	$	2,441

Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring Basis

In accordance with the fair value hierarchy described above, the following table shows the fair value of financial assets and liabilities measured at fair value on a recurring basis as of August 31, 2019 and June 1, 2019 (in thousands):

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						Total
August 31, 2019	Level 1		Level 2		Level 3	Balance
Assets
US government and agency obligations	—		$	31,116	—	$	31,116
Municipal bonds	—		34,832		—	34,832
Commercial paper	—		2,991		—	2,991
Corporate bonds	—		116,420		—	116,420
Certificates of deposits	—		1,004		—	1,004
Asset backed securities	—		3,337		—	3,337
Mutual funds	2,612		—		—	2,612
Total assets measured at fair value	$	2,612	$	189,700	—	$	192,312

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							Total
June 1, 2019	Level 1		Level 2		Level 3		Balance
Assets
US government and agency obligations	$	—	$	30,974	$	—	$	30,974
Municipal bonds	—		50,353		—		50,353
Certificates of deposits	—		6,148		—		6,148
Commercial paper	—		9,945		—		9,945
Corporate bonds	—		147,162		—		147,162
Asset backed securities	—		5,599		—		5,599
Mutual funds	3,357		—		—		3,357
Total assets measured at fair value	$	3,357	$	250,181	$	—	$	253,538