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Segment and Geographic Information (Tables)
12 Months Ended
May 29, 2021
Segment Reporting [Abstract]  
Schedule of Operating Results by Segment

Operating results by segment are summarized in the following table (in thousands):

 

 

Fiscal Year Ended

 

 

 

May 29, 2021

 

 

May 30, 2020

 

 

June 1, 2019

 

PMT

 

 

 

 

 

 

 

 

 

 

 

 

Net Sales

 

$

137,280

 

 

$

118,480

 

 

$

128,902

 

Gross Profit

 

 

45,951

 

 

 

38,288

 

 

 

40,254

 

Canvys

 

 

 

 

 

 

 

 

 

 

 

 

Net Sales

 

$

29,319

 

 

$

28,926

 

 

$

27,968

 

Gross Profit

 

 

10,274

 

 

 

9,313

 

 

 

9,085

 

Healthcare

 

 

 

 

 

 

 

 

 

 

 

 

Net Sales

 

$

10,338

 

 

$

8,492

 

 

$

9,782

 

Gross Profit

 

 

2,600

 

 

 

2,072

 

 

 

2,396

 

Schedule of Reconciliation of Assets from Segment to Consolidated

A reconciliation of assets to the relevant consolidated amount is as follows (in thousands):

 

 

 

May 29, 2021

 

 

May 30, 2020

 

Segment assets

 

$

100,638

 

 

$

89,231

 

Cash and cash equivalents

 

 

43,316

 

 

 

30,535

 

Investments - current

 

 

 

 

 

16,000

 

Other current assets (1)

 

 

1,918

 

 

 

2,545

 

Net property, plant and equipment

 

 

9,300

 

 

 

10,267

 

Operating lease ROU asset

 

 

732

 

 

 

1,285

 

Financing lease ROU asset

 

 

308

 

 

 

401

 

Other assets - non-current deferred income taxes

 

 

541

 

 

 

456

 

Total assets

 

$

156,753

 

 

$

150,720

 

 

(1)

Other current assets include miscellaneous receivables and prepaid expenses.

Schedule of Net Sales and Gross Profit by Geographic Region

Net sales and gross profit by geographic region are summarized in the following table (in thousands):

 

 

Fiscal Year Ended

 

 

 

May 29, 2021

 

 

May 30, 2020

 

 

June 1, 2019

 

Net Sales

 

 

 

 

 

 

 

 

 

 

 

 

North America

 

$

73,625

 

 

$

65,259

 

 

$

66,228

 

Asia/Pacific

 

 

40,839

 

 

 

32,979

 

 

 

34,681

 

Europe

 

 

52,549

 

 

 

49,394

 

 

 

55,038

 

Latin America

 

 

9,651

 

 

 

8,308

 

 

 

10,653

 

Other (1)

 

 

273

 

 

 

(42

)

 

 

52

 

Total

 

$

176,937

 

 

$

155,898

 

 

$

166,652

 

Gross Profit

 

 

 

 

 

 

 

 

 

 

 

 

North America

 

$

28,639

 

 

$

24,494

 

 

$

24,776

 

Asia/Pacific

 

 

13,520

 

 

 

10,629

 

 

 

10,905

 

Europe

 

 

16,958

 

 

 

15,483

 

 

 

17,425

 

Latin America

 

 

3,405

 

 

 

2,804

 

 

 

3,863

 

Other (1)

 

 

(3,697

)

 

 

(3,737

)

 

 

(5,234

)

Total

 

$

58,825

 

 

$

49,673

 

 

$

51,735

 

 

(1)

Other includes primarily net sales not allocated to a specific geographical region, unabsorbed value-add costs and other unallocated expenses.

Schedule of Net Assets by Geographic Region

Net assets by geographic region are summarized in the following table (in thousands):

 

 

Fiscal Year Ended

 

 

 

May 29, 2021

 

 

May 30, 2020

 

Net Assets

 

 

 

 

 

 

 

 

North America

 

$

77,698

 

 

$

81,533

 

Asia/Pacific

 

 

10,547

 

 

 

10,370

 

Europe

 

 

31,289

 

 

 

24,973

 

Latin America

 

 

2,026

 

 

 

1,784

 

Total

 

$

121,560

 

 

$

118,660