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RESTRUCTURING CHARGES

12 Months Ended

May 30, 2025

RESTRUCTURING CHARGES

RESTRUCTURING CHARGES

13. RESTRUCTURING CHARGES

In the fourth quarter of fiscal 2025, the Company initiated a restructuring plan to consolidate facilities and optimize cost structure in order to more effectively support the Company’s long-term strategic objectives. Restructuring charges relate to impairment of long-lived assets that will no longer be used in operations, including right-of-use assets and facility-related property, contract termination costs and facility exit-related costs.

The following table presents restructuring charges included in the Consolidated Statements of Operations:

		Year Ended
		May 30,
(In thousands)		2025
Asset impairments		$	584
Contract termination			188
Facility exit-related			92
Total		$	864

There were no restructuring charges for the years ended May 31, 2024 and 2023.

The Company recorded a restructuring liability of $0.2 million as of May 30, 2025, primarily related to contract termination costs, which is included as a component of accrued expenses and other current liabilities.

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- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

+ References

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-Topic 420
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 420
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-Paragraph 1
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