GOODWILL AND INTANGIBLE ASSETS (Tables)

6 Months Ended

Nov. 28, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of changes in carrying value of Goodwill

Changes in the carrying value of goodwill are as follows (in thousands):

	Goodwill
Balance at May 30, 2015	$	—
Premium Paid for IMES Acquisition		6,271
Balance at November 28, 2015	$	6,271

Intangible assets subject to amortization

Our intangible assets represent the fair value for trade name, customer relationships, non-compete agreements, and technology acquired in connection with our acquisitions. Intangible assets subject to amortization as well as amortization expense are as follows (in thousands):

	Intangible Assets Subject  to Amortization as of
	November 28, 2015		May 30, 2015
Gross Amounts:
Trade Name	$	729	$	29
Customer Relationship		3,443		948
Non-compete Agreements		47		47
Technology		200		—
Total Gross Amounts	$	4,419	$	1,024
Accumulated Amortization:
Trade Name	$	136	$	29
Customer Relationship		359		221
Non-compete Agreements		45		31
Technology		18		—
Total Accumulated Amortization	$	558	$	281
Net Intangibles	$	3,861	$	743

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):

	Amortization Expense
Fiscal Year
Remaining 2016	$	150
2017		434
2018		433
2019		200
2020		190
Thereafter		2,454
Total amortization expense	$	3,861