Property and equipment consist of the following (in thousands):
As of
May 31, 2025
As of
May 25, 2024
Computers, equipment and software6,859 8,303 
Leasehold improvements10,253 10,719 
Furniture4,346 4,417 
Property and equipment, gross$21,458 $23,439 
Less: accumulated depreciation and amortization(17,035)(19,676)
Property and equipment, net$4,423 $3,763 

Historical Timeline

Fiscal YearFiled
2025Jul 28, 2025Showing above
2024Jul 22, 2024
2023Jul 25, 2023
2022Jul 28, 2022
2021Jul 23, 2021
2020Jul 27, 2020
2019Jul 19, 2019
2018Jul 23, 2018
2017Jul 24, 2017
2016Aug 11, 2016

About PP&E Disclosures

The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.

Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.