v3.26.1
GOODWILL AND PURCHASED INTANGIBLE ASSETS (Tables)
12 Months Ended
May 29, 2026
GOODWILL AND PURCHASED INTANGIBLE ASSETS  
Schedule of Goodwill

(In thousands)

 

Total

 

Balance as of May 31, 2024

 

$-

 

Addition due to business combination

 

 

10,719

 

Balance as of May 30, 2025

 

 

10,719

 

Activity during the year

 

 

-

 

Balance as of May 29, 2026

 

$10,719

 

Purchased Intangible Assets

 

 

May 29, 2026

 

 

May 30, 2025

 

(In thousands)

 

 

 

Accumulated

 

 

 

 

 

 

Accumulated

 

 

 

Finite-lived intangible assets:

 

Gross

 

 

Amortization

 

 

Net

 

 

Gross

 

 

Amortization

 

 

Net

 

Developed technology

 

$9,130

 

 

$(1,395)

 

$7,735

 

 

$9,130

 

 

$(634)

 

$8,496

 

Trade names

 

 

1,050

 

 

 

(192)

 

 

858

 

 

 

1,050

 

 

 

(88)

 

 

962

 

Customer relationship

 

 

810

 

 

 

(135)

 

 

675

 

 

 

810

 

 

 

(61)

 

 

749

 

Non-compete agreements and others

 

 

1,010

 

 

 

(726)

 

 

284

 

 

 

1,010

 

 

 

(436)

 

 

574

 

Total

 

$12,000

 

 

$(2,448)

 

$9,552

 

 

$12,000

 

 

$(1,219)

 

$10,781

 

Schedule of estimated future amortization expense
(In thousands)

 

Amount

 

 

 

 

 

2027

 

$1,183

 

2028

 

 

981

 

2029

 

 

939

 

2030

 

 

939

 

2031

 

 

939

 

Thereafter

 

 

4,571

 

Total

 

$9,552