v3.25.2
Intangible Assets (Tables)
12 Months Ended
May 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets Subject to Amortization

Our intangible assets represent the fair value for customer relationships and technology acquired in connection with our acquisitions. Intangible assets subject to amortization were as follows (in thousands):

 

 

May 31, 2025

 

 

June 1, 2024

 

Gross Amounts:

 

 

 

 

 

 

Customer Relationships

 

$

911

 

 

$

3,396

 

Technology

 

 

150

 

 

 

380

 

Total Gross Amounts

 

$

1,061

 

 

$

3,776

 

 

 

 

 

 

 

 

Accumulated Amortization:

 

 

 

 

 

 

Customer Relationships

 

$

652

 

 

$

1,886

 

Technology

 

 

64

 

 

 

249

 

Total Accumulated Amortization

 

$

716

 

 

$

2,135

 

 

 

 

 

 

 

 

Net Intangible Assets

 

$

345

 

 

$

1,641

 

 

Schedule of the Amortization Expense for the Next Five Years

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

Fiscal Year

 

Amortization
Expense

 

2026

 

$

60

 

2027

 

 

60

 

2028

 

 

60

 

2029

 

 

59

 

2030

 

 

37

 

Thereafter

 

 

69

 

Total amortization expense

 

$

345