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GOODWILL AND PURCHASED INTANGIBLE ASSETS (Tables)
6 Months Ended
Nov. 29, 2024
GOODWILL AND PURCHASED INTANGIBLE ASSETS  
Schedule of Goodwill

(In thousands)

 

Total

 

Balance as of May 31, 2024

 

$-

 

Addition due to business combination

 

 

10,742

 

Balance as of November 29, 2024

 

$10,742

 

Purchased Intangible Assets

 

 

November 29, 2024

 

(In thousands)

 

 

 

Accumulated

 

 

 

Finite-lived intangible assets:

 

Gross

 

 

Amortization

 

 

Net

 

Developed technology

 

$9,130

 

 

$(254)

 

$8,876

 

Trade names

 

 

1,050

 

 

 

(35)

 

 

1,015

 

Customer relationships

 

 

810

 

 

 

(25)

 

 

785

 

Non-compete agreements and others

 

 

1,010

 

 

 

(174)

 

 

836

 

Total

 

$12,000

 

 

$(488)

 

$11,512

 

Schedule of estimated future amortization expense
(In thousands)

 

Amount

 

Remainder of 2025

 

$731

 

2026

 

 

1,229

 

2027

 

 

1,183

 

2028

 

 

980

 

2029

 

 

940

 

Thereafter

 

 

6,449

 

Total

 

$11,512