Basis of Presentation	3 Months Ended
Aug. 27, 2022
Basis Of Presentation [Abstract]
Basis of Presentation	2. BASIS OF PRESENTATION The accompanying unaudited consolidated financial statements have been prepared in accordance with United States Generally Accepted Accounting Principles (“GAAP”) for interim financial information and the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all the information and notes required by GAAP for complete financial statements. Our fiscal quarter ends on the Saturday nearest the end of the quarter-ending month. The first quarter of fiscal 2023 and fiscal 2022 both contained 13 weeks. In the opinion of management, all adjustments, which are of a normal and recurring nature, necessary for a fair presentation of the results of interim periods have been made. All inter-company transactions and balances have been eliminated. The unaudited consolidated financial statements presented herein include the accounts of our wholly owned subsidiaries. Certain information and note disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. The results of our operations for the three months ended August 27, 2022 are not necessarily indicative of the results that may be expected for the fiscal year ending May 27, 2023. As described in Note 1, Description of the Company and Note 7, Segment Reporting, in the first quarter of fiscal year 2023, the Company made certain changes to its reporting structure and the Company began reporting its financial performance based on four operating and reportable segments. The new Green Energy Solutions segment has been carved out of our Power and Microwave Technologies segment. For comparability purposes, the results for fiscal 2022 were adjusted to reflect the presentation of the new GES segment. Refer to Note 7, Segment Reporting, for additional information on the changes in operating and reportable segments. The financial information contained in this report should be read in conjunction with our Annual Report on Form 10-K for the fiscal year ended May 28, 2022, which was filed on August 1, 2022.

Basis of Presentation

3 Months Ended

Aug. 27, 2022

2. BASIS OF PRESENTATION

The accompanying unaudited consolidated financial statements have been prepared in accordance with United States Generally Accepted Accounting Principles (“GAAP”) for interim financial information and the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all the information and notes required by GAAP for complete financial statements.

Our fiscal quarter ends on the Saturday nearest the end of the quarter-ending month. The first quarter of fiscal 2023 and fiscal 2022 both contained 13 weeks.

In the opinion of management, all adjustments, which are of a normal and recurring nature, necessary for a fair presentation of the results of interim periods have been made. All inter-company transactions and balances have been eliminated. The unaudited consolidated financial statements presented herein include the accounts of our wholly owned subsidiaries. Certain information and note disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. The results of our operations for the three months ended August 27, 2022 are not necessarily indicative of the results that may be expected for the fiscal year ending May 27, 2023.

As described in Note 1, Description of the Company and Note 7, Segment Reporting, in the first quarter of fiscal year 2023, the Company made certain changes to its reporting structure and the Company began reporting its financial performance based on four operating and reportable segments. The new Green Energy Solutions segment has been carved out of our Power and Microwave Technologies segment. For comparability purposes, the results for fiscal 2022 were adjusted to reflect the presentation of the new GES segment. Refer to Note 7, Segment Reporting, for additional information on the changes in operating and reportable segments.

The financial information contained in this report should be read in conjunction with our Annual Report on Form 10-K for the fiscal year ended May 28, 2022, which was filed on August 1, 2022.