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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Aug. 26, 2018
May 27, 2018
Current Assets:    
Cash and cash equivalents $ 1,359 $ 2,899
Accounts receivable, less allowance for doubtful accounts 48,660 53,877
Inventories 29,986 31,819
Prepaid expenses and other current assets 8,312 7,958
Other current assets, discontinued operations 510
Total Current Assets 88,317 97,063
Investment in non-public company, fair value 67,500 66,500
Property and equipment, net 165,875 159,624
Goodwill 54,510 54,510
Trademarks/tradenames, net 16,028 16,028
Customer relationships, net 5,576 5,814
Other assets 5,095 5,164
Total Assets 402,901 404,703
Current Liabilities:    
Accounts payable 27,027 34,668
Accrued compensation 4,953 9,978
Other accrued liabilities 8,845 8,706
Deferred revenue 2,062 2,625
Line of credit 39,000 27,000
Current portion of long-term debt 4,940 4,940
Other current liabilities, discontinued operations 458
Total Current Liabilities 86,827 88,375
Long-term debt, net 36,125 37,360
Capital lease obligation, less current portion 3,615 3,641
Deferred taxes, net 17,394 17,485
Other non-current liabilities 5,559 5,280
Total Liabilities 149,520 152,141
Stockholders’ Equity:    
Common stock, $0.001 par value; 50,000 shares authorized; 27,749 and 27,702 shares issued and outstanding at August 26, 2018 and May 27, 2018, respectively 28 28
Additional paid-in capital 142,805 142,087
Retained earnings 109,489 109,299
Accumulated other comprehensive income 1,059 1,148
Total Stockholders’ Equity 253,381 252,562
Total Liabilities and Stockholders’ Equity $ 402,901 $ 404,703