Critical Accounting Policies and Estimates (Tables)

9 Months Ended

Mar. 02, 2024

Accounting Policies [Abstract]

Schedule of Contract Liabilities and Revenue Recognized

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

	May 27, 2023		Additions		Revenue Recognized			March 2, 2024
Contract liabilities	$	3,283	$	3,247	$	(2,814	)	$	3,716

Schedule of Intangible Assets Subject to Amortization

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

	March 2, 2024		May 27, 2023
Gross Amounts:
Customer Relationships(1)	$	3,394	$	3,388
Technology		380		380
Total Gross Amounts	$	3,774	$	3,768
Accumulated Amortization:
Customer Relationships	$	1,833	$	1,671
Technology		237		205
Total Accumulated Amortization	$	2,070	$	1,876
Net Intangible Assets	$	1,704	$	1,892

(1)Change from prior period reflects impact of foreign currency translation.

Schedule of the Amortization Expense for the Next Five Years

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

Fiscal Year	Amortization Expense
Remaining 2024	$	64
2025		239
2026		207
2027		194
2028		185
Thereafter		815
Total amortization	$	1,704

Schedule of Accrued Liabilities

Accrued liabilities consisted of the following (in thousands):

	March 2, 2024		May 27, 2023
Compensation and payroll taxes	$	2,554	$	4,422
Accrued severance		511		486
Professional fees		707		661
Deferred revenue		3,716		3,283
Other accrued expenses		5,172		3,174
Accrued Liabilities	$	12,660	$	12,026