v3.26.1
Fair Value Measures (Policy)
 12 Months Ended
May 30, 2026
Fair Value Measurements [Abstract]  
Fair Value Measurement
The
Company
is required
to
categorize
both
financial
and
nonfinancial
assets
and
liabilities
based
on the
following
fair value
hierarchy.
The
fair
value
of
an
asset
is the
price
at
which
the asset
could
be
sold in
an
orderly
transaction
between
unrelated,
knowledgeable,
and willing
parties able
to engage
in the
transaction.
A liability’s
fair value is
defined as
the amount
that would
be paid to
transfer the
liability to a new
obligor in a
transaction
between such parties, not
the amount
that would be paid to
settle
the liability with
the creditor.
●
Level 1
- Quoted
prices in
active
markets
for identical
assets
or liabilities
●
Level
2
-
Inputs
other
than
quoted
prices included
in
Level 1
that
are observable
for
the
asset
or
liability,
either
directly or
indirectly,
including:
o
Quoted
prices for similar
assets
or liabilities in
active
markets
o
Quoted
prices for identical
or similar
assets
in non-active
markets
o
Inputs
other than
quoted
prices that
are observable
for the
asset
or liability
o
Inputs
derived principally from
or corroborated
by other
observable
market
data
●
Level
3
-
Unobservable
inputs
for
the
asset
or
liability
that
are supported
by
little
or
no
market
activity
and
are
significant
to the
fair value
of the
assets
or liabilities
The disclosure
of fair
value
of certain
financial
assets
and
liabilities
that
are recorded
at
cost are
as follows:
Cash and Cash Equivalents, Accounts Receivable, and
Accounts Payable
The carrying
amount
approximates
fair value
due to
the short
maturity
of these
instruments.