XML 29 R22.htm IDEA: XBRL DOCUMENT v3.24.4
Summary of Accounting Policies (Tables)
6 Months Ended
Nov. 30, 2024
Accounting Policies [Abstract]  
Schedule of Contract Balances

Contract Balances: Contract balances were as follows (in thousands):

 

 

November 30, 2024

 

 

June 1, 2024

 

 

May 27, 2023

 

Accounts receivable

 

$

25,765

 

 

$

24,845

 

 

$

30,067

 

Contract liabilities

 

 

4,349

 

 

 

4,520

 

 

 

3,283

 

Schedule of Intangible Assets Subject to Amortization Intangible assets subject to amortization were as follows (in thousands):

 

 

November 30, 2024

 

 

June 1, 2024

 

Gross Amounts:

 

 

 

 

 

 

Customer Relationships

 

$

3,396

 

 

$

3,396

 

Technology

 

 

380

 

 

 

380

 

Total Gross Amounts

 

$

3,776

 

 

$

3,776

 

 

 

 

 

 

 

 

Accumulated Amortization:

 

 

 

 

 

 

Customer Relationships

 

$

1,984

 

 

$

1,886

 

Technology

 

 

271

 

 

 

249

 

Total Accumulated Amortization

 

$

2,255

 

 

$

2,135

 

 

 

 

 

 

 

 

Net Intangible Assets

 

$

1,521

 

 

$

1,641

 

Schedule of the Amortization Expense for the Next Five Years

The amortization expense associated with intangible assets subject to amortization for the next five years is presented in the following table (in thousands):

Fiscal Year

 

Amortization
Expense

 

Remaining 2025

 

$

120

 

2026

 

 

206

 

2027

 

 

194

 

2028

 

 

185

 

2029

 

 

174

 

Thereafter

 

 

642

 

     Total amortization

 

$

1,521

 

Schedule of Accrued Liabilities Accrued liabilities consisted of the following (in thousands):

 

 

November 30, 2024

 

 

June 1, 2024

 

Compensation and payroll taxes

 

$

4,506

 

 

$

3,495

 

Accrued severance

 

 

557

 

 

 

506

 

Professional fees

 

 

653

 

 

 

487

 

Contract liabilities

 

 

4,349

 

 

 

4,520

 

Other accrued expenses

 

 

5,568

 

 

 

6,396

 

Accrued Liabilities

 

$

15,633

 

 

$

15,404