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Revenue Recognition
 6 Months Ended
Nov. 23, 2024
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
The timing of revenue recognition, billings and cash collections affects the recognition of trade accounts receivable, contract assets and contract liabilities.
Contract assets represent the Company’s rights to consideration for completed performance under the contract (i.e., unbilled receivables), in which the Company has transferred control of the product or services before there is an unconditional right to payment. Contract assets were $26.7 million and $29.3 million as of November 23, 2024 and May 25, 2024, respectively, which were included in trade accounts receivable in the Consolidated Balance Sheets.
Contract liabilities represent deferred revenue when cash is received in advance of performance of services and are presented in other current liabilities in the Consolidated Balance Sheets. Contract liabilities were $2.8 million and $3.5 million as of November 23, 2024 and May 25, 2024, respectively. Revenue recognized during the three and six months ended November 23, 2024 that was included in deferred revenue as of May 25, 2024 was $0.9 million and $1.5 million, respectively. Revenue recognized during the three and six months ended November 25, 2023 that was included in deferred revenue as of May 27, 2023 was $0.5 million and $2.1 million, respectively.