BUSINESS COMBINATION (Tables)

3 Months Ended

Aug. 30, 2024

BUSINESS COMBINATION

Schedule of fair value of the separately identifiable intangible assets

			Estimated Useful life
(In thousands)	Fair Value		(in years)
Developed technology	$	9,130		12
Trade names		1,050		10
Customer relationships		810		11
Non-compete agreements and others		1,010		1-3
Total intangible assets acquired	$	12,000

Schedule of acquisition date fair value of the consideration

(In thousands)	Fair Value
Cash	$	10,631
Common stock under transfer restriction		9,381
Escrow payable		2,680
Working capital adjustments (1)		(800	)
Total	$	21,892

Fair value of the assets acquired and liabilities

(In thousands)	Fair Value
Cash	$	16
Accounts receivable		1,285
Inventory		2,730
Goodwill		10,353
Property and equipment		129
Intangible assets		12,000
Operating lease right-of-use assets		810
Other assets, current and noncurrent		63
Accounts payable, accrued expenses and other liabilities, current and noncurrent		(2,013	)
Deferred revenue		(489	)
Operating lease liabilities, current and noncurrent		(714	)
Deferred tax liabilities, net		(2,278	)
Total	$	21,892