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Segment and Geographic Information (Tables)
12 Months Ended
Jun. 01, 2024
Segment Reporting [Abstract]  
Schedule of Operating Results by Segment

Operating results by segment are summarized in the following table (in thousands):

 

 

 

Fiscal Year Ended

 

 

 

June 1, 2024

 

 

May 27, 2023

 

 

May 28, 2022

 

PMT

 

 

 

 

 

 

 

 

 

Net Sales

 

$

128,697

 

 

$

164,299

 

 

$

155,445

 

Gross Profit

 

 

38,717

 

 

 

54,089

 

 

 

50,810

 

 

 

 

 

 

 

 

 

 

 

GES

 

 

 

 

 

 

 

 

 

Net Sales

 

$

23,233

 

 

$

47,596

 

 

$

22,611

 

Gross Profit

 

 

6,607

 

 

 

13,719

 

 

 

7,231

 

 

 

 

 

 

 

 

 

 

 

Canvys

 

 

 

 

 

 

 

 

 

Net Sales

 

$

32,444

 

 

$

39,331

 

 

$

35,187

 

Gross Profit

 

 

10,973

 

 

 

12,375

 

 

 

11,252

 

 

 

 

 

 

 

 

 

 

 

Healthcare

 

 

 

 

 

 

 

 

 

Net Sales

 

$

12,086

 

 

$

11,432

 

 

$

11,377

 

Gross Profit

 

 

3,669

 

 

 

3,506

 

 

 

2,407

 

 

Schedule of Reconciliation of Assets from Segment to Consolidated

A reconciliation of assets to the relevant consolidated amount is as follows (in thousands):

 

 

June 1, 2024

 

 

May 27, 2023

 

Segment assets

 

$

144,027

 

 

$

149,976

 

Cash and cash equivalents

 

 

24,263

 

 

 

24,981

 

Other current assets (1)

 

 

2,447

 

 

 

2,771

 

Net property, plant and equipment

 

 

15,079

 

 

 

14,124

 

Right of use lease assets

 

 

920

 

 

 

1,403

 

Other non-current assets

 

 

209

 

 

 

267

 

Other assets - non-current deferred income taxes

 

 

5,500

 

 

 

4,526

 

Total assets

 

$

192,445

 

 

$

198,048

 

(1)
Other current assets include miscellaneous receivables and prepaid expenses.
Schedule of Net Sales and Gross Profit by Geographic Region

Net sales and gross profit by geographic region are summarized in the following table (in thousands):

 

 

Fiscal Year Ended

 

 

 

June 1, 2024

 

 

May 27, 2023

 

 

May 28, 2022

 

Net Sales

 

 

 

 

 

 

 

 

 

North America

 

$

77,269

 

 

$

112,214

 

 

$

98,527

 

Asia/Pacific

 

 

45,264

 

 

 

59,557

 

 

 

49,235

 

Europe

 

 

61,476

 

 

 

62,017

 

 

 

64,435

 

Latin America

 

 

10,908

 

 

 

28,924

 

 

 

12,439

 

Other (1)

 

 

1,543

 

 

 

(54

)

 

 

(16

)

Total

 

$

196,460

 

 

$

262,658

 

 

$

224,620

 

 

 

 

 

 

 

 

 

 

 

Gross Profit

 

 

 

 

 

 

 

 

 

North America

 

$

29,306

 

 

$

43,580

 

 

$

36,548

 

Asia/Pacific

 

 

13,682

 

 

 

18,775

 

 

 

15,728

 

Europe

 

 

18,516

 

 

 

18,760

 

 

 

19,215

 

Latin America

 

 

3,983

 

 

 

7,735

 

 

 

4,340

 

Other (1)

 

 

(5,521

)

 

 

(5,161

)

 

 

(4,131

)

Total

 

$

59,966

 

 

$

83,689

 

 

$

71,700

 

(1)
Includes primarily net sales not allocated to a specific geographical region, unabsorbed value-add cost and other unallocated expenses.
Schedule of Net Assets by Geographic Region

Net assets by geographic region are summarized in the following table (in thousands):

 

 

Fiscal Year Ended

 

 

 

June 1, 2024

 

 

May 27, 2023

 

Net Assets

 

 

 

 

 

 

North America

 

$

100,550

 

 

$

106,528

 

Asia/Pacific

 

 

10,895

 

 

 

12,347

 

Europe

 

 

44,521

 

 

 

37,843

 

Latin America

 

 

1,986

 

 

 

2,602

 

Total

 

$

157,952

 

 

$

159,320