XML 15 R5.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
May 27, 2023
May 28, 2022
Operating activities:    
Net income $ 3,521 $ 52,691
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 4,909 6,065
Gain on disposal of discontinued operations 0 (53,254)
Gain on revaluation of contingent consideration (1,013) (0)
Deferred income taxes 392 (3,796)
Other, net 1,388 915
Changes in operating assets and liabilities:    
Accounts receivable 3,005 (1,829)
Inventories 15,145 (14,861)
Other current assets 953 6,421
Right of use assets under operating leases 9,105 11,153
Customer deposits (12,022) (5,101)
Accounts payable and other liabilities (8,715) 4,891
Obligations under operating leases (10,255) (12,241)
Net cash provided by operating activities 6,413 (8,946)
Investing activities:    
Purchases of property and equipment (7,405) (12,638)
Proceeds from sales of property and equipment 0 9
Proceeds from the disposal of discontinued operations, net 1,000 85,521
Other (637) (538)
Net cash used in investing activities (7,042) 72,354
Financing activities:    
Cash dividends (2,832) (17,170)
Other issuance of common stock 177 177
Repurchases of common stock (3,450) (8,642)
Taxes paid related to net share settlement of equity awards (109) 0
Repayments of finance lease obligations (137) (537)
Net cash used in financing activities (6,351) (26,172)
Effect of exchange rate changes on cash and cash equivalents (42) 0
Change in cash and cash equivalents (7,022) 37,236
Cash and cash equivalents - beginning of period 61,625 34,374
Cash and cash equivalents - end of period $ 54,603 $ 71,610