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BALANCE SHEET INFORMATION (Tables)
12 Months Ended
May 30, 2025
BALANCE SHEET INFORMATION  
Inventories

 

 

May 30,

 

 

May 31,

 

(In thousands)

 

2025

 

 

2024

 

Raw materials and sub-assemblies

 

$30,644

 

 

$22,410

 

Work in process

 

 

9,263

 

 

 

13,593

 

Finished goods

 

 

2,090

 

 

 

1,467

 

 

 

$41,997

 

 

$37,470

 

Property and equipment, net

 

 

May 30,

 

 

May 31,

 

(In thousands)

 

2025

 

 

2024

 

Leasehold improvements

 

$5,999

 

 

$1,298

 

Machinery and equipment

 

 

3,846

 

 

 

4,180

 

Test equipment

 

 

2,898

 

 

 

1,928

 

Furniture and fixtures

 

 

1,331

 

 

 

175

 

Construction-in-process

 

 

362

 

 

 

638

 

 

 

 

14,436

 

 

 

8,219

 

Less: accumulated depreciation and amortization

 

 

(5,467)

 

 

(4,966)

 

 

$8,969

 

 

$3,253

 

Accrued expenses

 

 

May 30,

 

 

May 31,

 

(In thousands)

 

2025

 

 

2024

 

Commissions and bonuses

 

$1,420

 

 

$1,290

 

Payroll related

 

 

1,335

 

 

 

1,202

 

Professional services

 

 

436

 

 

 

503

 

Warranty reserve

 

 

428

 

 

 

234

 

Escrow payable

 

 

1,762

 

 

 

-

 

Other

 

 

639

 

 

 

137

 

 

 

$6,020

 

 

$3,366

 

Warranty reserve

 

 

May 30,

 

 

May 31,

 

(In thousands)

 

2025

 

 

2024

 

Balance at the beginning of the period

 

$234

 

 

$267

 

Accruals for warranties issued during the period

 

 

679

 

 

 

511

 

Warranties acquired through business combination

 

 

144

 

 

 

-

 

Consumption of reserves

 

 

(629)

 

 

(544)
Balance at the end of the period

 

$428

 

 

$234

 

Customer deposits and deferred revenue, short-term

 

 

May 30,

 

 

May 31,

 

(In thousands)

 

2025

 

 

2024

 

Customer deposits

 

$1,802

 

 

$1,248

 

Deferred revenue

 

 

179

 

 

 

97

 

 

 

$1,981

 

 

$1,345