| Schedule of Operating Results by Segment |
Operating results by segment for the three months ended August 29, 2026 and August 30, 2025 are summarized in the following table (in thousands):
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Three Months Ended August 29, 2026 |
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|
|
PMT |
|
|
GES |
|
|
Canvys |
|
|
Total |
|
Net Sales |
|
$ |
46,765 |
|
|
$ |
9,231 |
|
|
$ |
8,927 |
|
|
$ |
64,923 |
|
Cost of sales |
|
|
30,227 |
|
|
|
6,221 |
|
|
|
5,983 |
|
|
|
42,431 |
|
Gross profit |
|
|
16,538 |
|
|
|
3,010 |
|
|
|
2,944 |
|
|
|
22,492 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling, general and administrative expenses |
|
|
|
|
|
|
|
|
|
|
|
17,377 |
|
Operating income |
|
|
|
|
|
|
|
|
|
|
|
5,115 |
|
Interest income |
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|
|
|
|
|
|
|
|
|
|
121 |
|
Foreign exchange loss |
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|
|
|
|
|
|
|
|
|
|
(188 |
) |
Other, net |
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|
|
|
|
|
|
|
|
|
(1 |
) |
Income before income taxes |
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|
|
|
|
|
|
|
|
|
$ |
5,047 |
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|
|
|
|
|
|
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|
|
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|
|
|
|
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|
|
|
|
|
Three Months Ended August 30, 2025 |
|
|
|
PMT |
|
|
GES |
|
|
Canvys |
|
|
Total |
|
Net Sales |
|
$ |
39,069 |
|
|
$ |
7,263 |
|
|
$ |
8,275 |
|
|
$ |
54,607 |
|
Cost of sales |
|
|
26,843 |
|
|
|
5,113 |
|
|
|
5,722 |
|
|
|
37,678 |
|
Gross profit |
|
|
12,226 |
|
|
|
2,150 |
|
|
|
2,553 |
|
|
|
16,929 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling, general and administrative expenses |
|
|
|
|
|
|
|
|
|
|
|
15,961 |
|
Operating income |
|
|
|
|
|
|
|
|
|
|
|
968 |
|
Interest income |
|
|
|
|
|
|
|
|
|
|
|
169 |
|
Foreign exchange gain |
|
|
|
|
|
|
|
|
|
|
|
289 |
|
Other, net |
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|
|
|
|
|
|
|
|
|
|
904 |
|
Income before income taxes |
|
|
|
|
|
|
|
|
|
|
$ |
2,330 |
|
The segment assets, which consists of inventories, net are summarized in the following table (in thousands):
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|
|
|
|
|
|
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August 29, 2026 |
|
|
May 30, 2026 |
|
PMT |
|
$ |
82,026 |
|
|
$ |
82,253 |
|
GES |
|
|
13,654 |
|
|
|
13,174 |
|
Canvys |
|
|
7,600 |
|
|
|
7,593 |
|
Total |
|
$ |
103,280 |
|
|
$ |
103,020 |
|
The reconciliations of segment assets to the Consolidated Balance Sheets are summarized in the following table (in thousands):
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|
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|
|
|
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|
August 29, 2026 |
|
|
May 30, 2026 |
|
Total segment assets |
|
$ |
103,280 |
|
|
$ |
103,020 |
|
Cash and cash equivalents |
|
|
36,915 |
|
|
|
31,779 |
|
Accounts receivable |
|
|
34,939 |
|
|
|
33,162 |
|
Prepaid expenses and other assets |
|
|
4,441 |
|
|
|
4,770 |
|
Property, plant and equipment, net |
|
|
19,806 |
|
|
|
19,003 |
|
Intangible assets, net |
|
|
270 |
|
|
|
285 |
|
Right of use lease assets, net |
|
|
3,520 |
|
|
|
1,389 |
|
Deferred income tax assets |
|
|
8,300 |
|
|
|
8,346 |
|
Other non-current assets |
|
|
223 |
|
|
|
263 |
|
Total assets |
|
$ |
211,694 |
|
|
$ |
202,017 |
|
|