XML 38 R22.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Valuation and Qualifying Accounts
 12 Months Ended
Jun. 01, 2024
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
Valuation and Qualifying Accounts
12.
VALUATION AND QUALIFYING ACCOUNTS

The following table presents the valuation and qualifying account activity for fiscal years ended June 1, 2024, May 27, 2023 and May 28, 2022 (in thousands):

 

Description

 

Balance at
beginning
of period

 

 

Charged to
expense

 

 

 

Deductions

 

 

 

Balance at
end
of period

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended June 1, 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for credit losses

 

$

191

 

 

$

144

 

(1)

 

$

(12

)

(2)

 

$

323

 

Inventory provisions

 

 

5,868

 

 

 

606

 

(3)

 

 

(499

)

(4)

 

 

5,975

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended May 27, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for credit losses

 

$

186

 

 

$

50

 

(1)

 

$

(45

)

(2)

 

$

191

 

Inventory provisions

 

 

6,060

 

 

 

466

 

(3)

 

 

(658

)

(4)

 

 

5,868

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended May 28, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for credit losses

 

$

202

 

 

$

103

 

(1)

 

$

(119

)

(2)

 

$

186

 

Inventory provisions

 

 

5,866

 

 

 

462

 

(3)

 

 

(268

)

(4)

 

 

6,060

 

Notes:

(1)
Provision for credit losses
(2)
Uncollectible amounts written off, net of recoveries and foreign currency translation.
(3)
Charges to cost of sales. Included in fiscal 2024 were inventory write-downs of $0.4 million for PMT, $0.1 million for Canvys and $0.1 million for Healthcare.
(4)
Inventory disposed or sold, net of foreign currency translation.