The Company provides coverage to the end-user for parts and labor on products sold under its warranty policy and for other product-related matters. The specific terms, conditions, and length of those warranties vary depending upon the product sold. The Company does not sell or otherwise issue warranties or warranty extensions as stand-alone products. Reserves have been established for various costs associated with the Company's warranty program. General warranty reserves are based on historical claims experience and other currently available information and are periodically adjusted for business levels and other factors. Specific reserves are established once an issue is identified with the amounts for such reserves based on the estimated cost of correction. The Company provides an assurance-type warranty that ensures that products will function as intended. As such, the Company's estimated warranty obligation is accounted for as a liability and is recorded within current and long-term liabilities within the Consolidated Balance Sheets.


	Year Ended
(In millions)	May 30, 2026		May 31, 2025		June 1, 2024
Accrual Balance — beginning	$	69.7	$	70.4	$	73.9
Accrual for warranty matters	29.4		24.7		21.6
Settlements and adjustments	(29.8)		(25.4)		(25.1)

Accrual Balance — ending	$	69.3	$	69.7	$	70.4

The Company is periodically required to provide performance bonds to do business with certain customers. These arrangements are common in the industry and generally have terms ranging between one year and three years. The bonds are required to provide assurance to customers that the products and services they have purchased will be installed and/or provided properly and without damage to their facilities. The bonds are provided by various bonding agencies. However, the Company is ultimately liable for claims that may occur against them. As of May 30, 2026, the Company had a maximum financial exposure related to performance bonds of approximately $18.2 million. The Company has no history of claims, nor is it aware of circumstances that would require it to pay, under any of these arrangements. The Company also believes that the resolution of any claims that might arise in the future, either individually or in the aggregate, would not materially affect the Company's Consolidated Financial Statements. Accordingly, no liability has been recorded in respect to these bonds as of either May 30, 2026, or May 31, 2025.

The Company has entered into standby letter of credit arrangements for purposes of protecting various insurance companies and lessors against default on insurance premium and lease payments. As of May 30, 2026, the Company had a maximum financial exposure from these standby letters of credit totaling approximately $11.8 million, all of which is considered usage against the Company's revolving line of credit. The Company has no history of claims, nor is it aware of circumstances that would require it to perform under any of these arrangements and believes that the resolution of any claims that might arise in the future, either individually or in the aggregate, would not materially affect the Company's Consolidated Financial Statements. Accordingly, no liability has been recorded as of May 30, 2026, and May 31, 2025.

The Company is also involved in legal proceedings and litigation arising in the ordinary course of business. In the opinion of management, the outcome of such proceedings and litigation currently pending will not have a material adverse effect, if any, on the Company's Consolidated Financial Statements.

During 2025, certain tariffs were imposed pursuant to actions taken under the International Emergency Economic Powers Act ("IEEPA"). Subsequent legal proceedings challenged the validity of those tariffs, and court rulings issued during fiscal 2026 created the potential for importers to seek refunds of previously paid IEEPA tariffs. The Company has submitted, and/or intends to submit, claims for refunds on substantially all IEEPA tariffs paid that may be eligible for recovery.

The Company has evaluated its potential refund claims in accordance with the gain contingency guidance in ASC 450, Contingencies. As of May 30, 2026, uncertainty remained regarding the ultimate resolution of the legal proceedings, including the U.S. government's appeal of the court ruling related to the IEEPA tariffs. Accordingly, the Company concluded that it had not yet established that any refund amounts were realizable without the expectation of repayment and therefore had not recognized any asset or gain associated with tariff refunds as of May 30, 2026.

The Company will continue to monitor developments related to the ongoing legal and administrative proceedings and will recognize any resulting refund claims when the applicable recognition criteria under U.S. GAAP have been satisfied. The ultimate amount and timing of any refunds that may be realized by the Company remain uncertain.