Critical Accounting Policies and Estimates (Tables)

3 Months Ended

Aug. 27, 2022

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			August 27, 2022
Contract liabilities (deferred revenue)	$	4,966	$	1,109	$	(1,981	)	$	4,094

Schedule of Intangible Assets Subject to Amortization

Intangible assets subject to amortization were as follows

	August 27, 2022		May 28, 2022
Gross Amounts:
Trade Name	$	659	$	659
Customer Relationships(1)		3,375		3,393
Non-compete Agreements		177		177
Technology		230		230
Total Gross Amounts	$	4,441	$	4,459
Accumulated Amortization:
Trade Name	$	659	$	659
Customer Relationships		1,494		1,453
Non-compete Agreements		177		177
Technology		166		160
Total Accumulated Amortization	$	2,496	$	2,449
Net Intangible Assets	$	1,945	$	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	$	184
2024		231
2025		219
2026		184
2027		173
Thereafter		954
Total amortization	$	1,945

Schedule of Accrued Liabilities

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

	August 27, 2022		May 28, 2022
Compensation and payroll taxes	$	5,310	$	5,519
Accrued severance		678		678
Professional fees		637		470
Deferred revenue		4,094		4,966
Other accrued expenses		7,260		4,477
Accrued Liabilities	$	17,979	$	16,110