Investment Securities Available-for-Sale

6 Months Ended

Nov. 29, 2025

Investment Securities Available-for-Sale [Abstract]

Investment Securities Available-for-Sale

Note 3 - Investment

Securities Available-for-Sale

The following represents the Company’s investment securities available-for-sale as of November 29, 2025 and May 31, 2025

(in thousands):

November 29, 2025

Amortized

Cost

Unrealized

Gains

Unrealized

Losses

Estimated

Fair Value

Municipal bonds

$

19,861

$

57

$

—

$

19,918

Commercial paper

21,329

—

6

21,323

Corporate bonds

534,429

2,547

—

536,976

Certificates of deposits

4,240

12

—

4,252

US government and agency obligations

142,433

196

—

142,629

Treasury bills

44,404

36

—

44,440

Total current investment securities

$

766,696

$

2,848

$

6

$

769,538

May 31, 2025

Amortized

Cost

Unrealized

Gains

Unrealized

Losses

Estimated

Fair Value

Municipal bonds

$

21,695

$

3

$

—

$

21,698

Commercial paper

90,880

—

50

90,830

Corporate bonds

431,378

130

—

431,508

Certificates of deposits

5,200

—

6

5,194

US government and agency obligations

240,655

—

260

240,395

Treasury bills

103,119

—

36

103,083

Total current investment securities

$

892,927

$

133

$

352

$

892,708

Actual maturities may differ from contractual maturities as some borrowers have the right to call or prepay obligations with or

without penalties. Contractual maturities of current investment securities at November 29, 2025 are as follows (in thousands):

Estimated Fair Value

Within one year

$

316,249

1-5 years

453,289

Total

$

769,538