Contract Assets and Liabilities (Tables)

3 Months Ended

Aug. 25, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Contract Assets and Liabilities

Contract liabilities primarily relate to payments received from customers in advance of performance under a contract. Any incremental costs of obtaining a contract are expensed as incurred.


	Description	Balance Sheet Presentation	August 25, 2024		May 26, 2024
Assets:
	Receivables not yet billed	Accounts receivable, less allowance for credit losses	$	4,033	$	3,885
	Related party receivables not yet billed	Accounts receivable, related party	92		184
		Total contract assets	$	4,125	$	4,069

Current Liabilities:
	Advances on customer-owned equipment	Other accrued liabilities	$	3,590	$	3,509
	Non related parties deferred revenue	Deferred revenues	339		1,088
	Related party deferred revenue	Deferred revenues, related party	315		1,025

Non-Current Liabilities:
	Related party deferred revenue	Deferred revenues, less current portion, related party	4,791		4,703
	Non-current customer deposit	Other non-current liabilities	216		257
		Total contract liabilities	$	9,251	$	10,582

Revenues recognized during the three months ended August 25, 2024 that were included in the contract liability balance at the beginning of fiscal year 2025, were $1,583.


	Description	Balance Sheet Presentation	August 27, 2023		May 28, 2023
Assets:
	Receivables not yet billed	Accounts receivable, less allowance for credit losses	$	4,082	$	3,055
	Related party receivables not yet billed	Accounts receivable, related party	44		143
		Total contract assets	$	4,126	$	3,198

Current Liabilities:
	Non related parties deferred revenue	Deferred revenues	$	101	$	552
	Related party deferred revenue	Deferred revenues, related party	8,256		3,503

Non-Current Liabilities:
	Related party deferred revenue	Deferred revenues, less current portion, related party	1,687		2,940
		Total contract liabilities	$	10,044	$	6,995