Critical Accounting Policies and Estimates (Tables)

9 Months Ended

Feb. 26, 2022

Accounting Policies [Abstract]

Schedule of Contract Liabilities and Revenue Recognized

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

	May 29, 2021		Additions		Revenue Recognized			February 26, 2022
Contract liabilities (deferred revenue)	$	3,313	$	5,071	$	(3,956	)	$	4,428

Schedule of Intangible Assets Subject to Amortization

Intangible assets subject to amortization were as follows

	February 26, 2022		May 29, 2021
Gross Amounts:
Trade Name	$	659	$	659
Customer Relationships(1)		3,410		3,426
Non-compete Agreements		177		177
Technology		230		230
Total Gross Amounts	$	4,476	$	4,492
Accumulated Amortization:
Trade Name	$	659	$	659
Customer Relationships		1,409		1,249
Non-compete Agreements		177		177
Technology		154		137
Total Accumulated Amortization	$	2,399	$	2,222
Net Intangible Assets	$	2,077	$	2,270

(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 2022	$	63
2023		246
2024		232
2025		219
2026		185
Thereafter		1,132
Total amortization	$	2,077

Schedule of Accrued Liabilities

Accrued Liabilities: Accrued liabilities consisted of the following (in thousands):

	February 26, 2022		May 29, 2021
Compensation and payroll taxes	$	4,740	$	4,945
Accrued severance		678		685
Professional fees		614		533
Deferred revenue		4,428		3,313
Other accrued expenses		5,515		4,706
Accrued Liabilities	$	15,975	$	14,182