Segment Information And Enterprise Reporting (Tables)

6 Months Ended

Nov. 25, 2023

Segment Information And Enterprise Reporting [Abstract]

Summary Of Operating Results Of Segments

	Three Months Ended					Six Months Ended
	November 25,		November 26,		November 25,		November 26,
	2023		2022		2023		2022
Revenue:
RGP	$	160,875	$	197,584	$	328,378	$	398,579
Other Segments		2,252		2,771		4,918		5,838
Total revenue	$	163,127	$	200,355	$	333,296	$	404,417
Adjusted EBITDA:
RGP	$	23,523	$	37,664	$	44,320	$	76,011
Other Segments		(533)		332		(462)		648
Reconciling items (1)		(6,929)		(8,365)		(16,251)		(16,318)
Total Adjusted EBITDA (2)	$	16,061	$	29,631	$	27,607	$	60,341

(1) Reconciling items are generally comprised of unallocated corporate administrative costs, including management and board compensation, corporate support function costs and other general corporate costs that are not allocated to segments.

(2) A reconciliation of the Company’s net income to Adjusted EBITDA on a consolidated basis is presented below.

Reconciliation Of Net Income To Adjusted EBITDA

	Three Months Ended					Six Months Ended
	November 25,		November 26,		November 25,		November 26,
	2023		2022		2023		2022
Net income	$	4,895	$	17,432	$	8,012	$	35,572
Adjustments:
Amortization expense		1,321		1,216		2,635		2,468
Depreciation expense		810		880		1,687		1,767
Interest (income) expense, net		(293)		199		(605)		515
Income tax expense		3,753		5,877		5,828		12,869
EBITDA		10,486		25,604		17,557		53,191
Stock-based compensation expense		516		2,237		3,068		4,766
Technology transformation costs (1)		1,678		1,748		3,601		2,739
Acquisition costs (2)		1,126		-		1,126		-
Restructuring costs (3)		2,255		42		2,255		(355)
Adjusted EBITDA	$	16,061	$	29,631	$	27,607	$	60,341

(1) Technology transformation costs represent costs included in net income related to the Company’s initiative to upgrade its technology platform globally, including a cloud-based enterprise resource planning system and talent acquisition and management systems. Such costs primarily include hosting and certain other software licensing costs, third-party consulting fees and costs associated with dedicated internal resources that are not capitalized.

(2) Acquisition costs represent one-time costs included in net income related to the Company’s acquisition of CloudGo, which include fees paid to the Company’s brokers and other professional services firms. See Note 4 – Acquisitions and Dispositions in the Notes to Consolidated Financial Statements for further discussion.

(3) The Company initiated the U.S. Restructuring Plan in October 2023 and substantially completed the plan during the second quarter of fiscal 2024. In fiscal 2021, the Company substantially completed the Global Restructuring Plans and the remaining accrued restructuring liability on the books was released in fiscal 2023.