v3.24.2
Goodwill and Intangible Assets (Tables)
12 Months Ended
May 25, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Activity in Goodwill Balance
The following table summarizes the activity in the Company’s goodwill balance (in thousands):
RGPOther SegmentsTotal Company
Balance as of May 28, 2022$206,830 $2,955 $209,785 
Goodwill impairment- (2,955)(2,955)
Impact of foreign currency exchange rate changes(108)- (108)
Balance as of May 27, 2023$206,722 $- $206,722 
Acquisition (See Note 3)9,637 - 9,637 
Impact of foreign currency exchange rate changes220 - 220 
Balance as of May 25, 2024$216,579 $- $216,579 
Summary of Intangible Assets and Related Accumulated Amortization
The following table presents details of the Company’s intangible assets, estimated lives and related accumulated amortization (in thousands, except for estimated useful life):
As of May 25, 2024As of May 27, 2023
Estimated
Useful
Life
GrossAccumulated
Amortization
Net
Carrying
Amount
GrossAccumulated
Amortization
Net
Carrying
Amount
Customer contracts and relationships
7 - 12 years
$25,100 $(16,858)$8,242 $22,000 $(13,802)$8,198 
Computer software
1 - 3.5 years
7,870 (6,539)1,331 7,541 (4,218)3,323 
Total$32,970 $(23,397)$9,573 $29,541 $(18,020)$11,521 
Summary of Future Estimated Amortization Expense The following table presents future estimated amortization expense based on existing intangible assets held for use (in thousands):
Fiscal Years:
2025$4,102 
20262,792 
2027592 
20282,087 
Total$9,573