Revenue Recognition |
3 Months Ended |
|---|---|
Aug. 29, 2026 | |
| Revenue from Contract with Customer [Abstract] | |
| Revenue Recognition | Revenue Recognition The timing of revenue recognition, billings and cash collections affects the recognition of trade accounts receivable, contract assets and contract liabilities. Contract assets represent the Company’s rights to consideration for completed performance under the contract (i.e., unbilled receivables), in which the Company has transferred control of the product or services before there is an unconditional right to payment. Contract assets were $22.5 million and $21.3 million as of August 29, 2026 and May 30, 2026, respectively, which were included in trade accounts receivable in the Consolidated Balance Sheets. Contract liabilities represent deferred revenue when cash is received in advance of performance and are presented in other current liabilities in the Consolidated Balance Sheets. Contract liabilities were $4.7 million and $4.3 million as of August 29, 2026 and May 30, 2026, respectively. Revenue recognized during the three months ended August 29, 2026 that was included in deferred revenue as of May 30, 2026 was $0.8 million. Revenue recognized during the three months ended August 30, 2025 that was included in deferred revenue as of May 31, 2025 was $1.8 million.
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