Critical Accounting Policies and Estimates (Tables)

9 Months Ended

Feb. 25, 2023

Accounting Policies [Abstract]

Schedule of Contract Liabilities and Revenue Recognized

Contract Liabilities: Contract liabilities and revenue recognized were as follows (in thousands):

	May 28, 2022		Additions		Revenue Recognized			February 25, 2023
Contract liabilities (deferred revenue)	$	4,966	$	3,490	$	(5,076	)	$	3,380

Schedule of Intangible Assets Subject to Amortization

Intangible assets subject to amortization were as follows (in thousands):

	February 25, 2023		May 28, 2022
Gross Amounts:
Trade Name	$	659	$	659
Customer Relationships(1)		3,379		3,393
Non-compete Agreements		177		177
Technology		380		230
Total Gross Amounts	$	4,595	$	4,459
Accumulated Amortization:
Trade Name	$	659	$	659
Customer Relationships		1,609		1,453
Non-compete Agreements		177		177
Technology		193		160
Total Accumulated Amortization	$	2,638	$	2,449
Net Intangible Assets	$	1,957	$	2,010

(1)Change from prior periods reflect impact of foreign currency translation.

Schedule of the Amortization Expense for the Next Five Years

The amortization expense associated with the intangible assets subject to amortization for the next five years is presented in the following table (in thousands):

Fiscal Year	Amortization Expense
Remaining 2023	$	66
2024		253
2025		239
2026		206
2027		194
Thereafter		999
Total amortization	$	1,957

Schedule of Accrued Liabilities

Accrued liabilities consisted of the following (in thousands):

	February 25, 2023		May 28, 2022
Compensation and payroll taxes	$	4,358	$	5,519
Accrued severance		485		678
Professional fees		868		470
Deferred revenue		3,380		4,966
Other accrued expenses		7,411		4,477
Accrued Liabilities	$	16,502	$	16,110