Fair Value Measurements (Tables)

9 Months Ended

Feb. 29, 2020

Fair Value Disclosures [Abstract]

Schedule Of Fair Value And Carrying Value Of Borrowings Under Long-Term Debt

The fair value and carrying value of the Company’s borrowings under its long-term debt were as follows (in thousands):

	February 29, 2020				June 1, 2019
	Carrying Value		Fair Value		Carrying Value		Fair Value
Liabilities
Note payable	$	—	$	—	$	1,500	$	1,501
Finance lease obligations	908		823		1,054		940
Total liabilities measured at fair value	$	908	$	823	$	2,554	$	2,441

Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring Basis

In accordance with the fair value hierarchy described above, the following table shows the fair value of financial assets and liabilities measured at fair value on a recurring basis as of February 29, 2020 and June 1, 2019 (in thousands):

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							Total
February 29, 2020	Level 1		Level 2		Level 3		Balance
Assets
Municipal bonds	$	—	$	18,996	$	—	$	18,996
Corporate bonds	—		59,658		—		59,658
Certificates of deposits	—		1,001		—		1,001
Asset backed securities	—		1,208		—		1,208
Mutual funds	2,655		—		—		2,655
Total assets measured at fair value	$	2,655	$	80,863	$	—	$	83,518

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June 1, 2019	Level 1		Level 2		Level 3		Balance
Assets
US government and agency obligations	$	—	$	30,974	$	—	$	30,974
Municipal bonds	—		50,353		—		50,353
Commercial paper	—		9,945		—		9,945
Corporate bonds	—		147,162		—		147,162
Certificates of deposits	—		6,148		—		6,148
Asset backed securities	—		5,599		—		5,599
Mutual funds	3,357		—		—		3,357
Total assets measured at fair value	$	3,357	$	250,181	$	—	$	253,538