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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 01, 2024
May 27, 2023
Jun. 01, 2024
May 27, 2023
Net sales of furniture and accessories $ 83,410 $ 100,519 $ 169,964 $ 208,217
Cost of furniture and accessories sold 39,650 47,686 78,337 98,187
Gross profit 43,760 52,833 91,627 110,030
Selling, general and administrative expenses 46,707 51,366 96,931 105,861
Asset impairment charges 5,515 0 5,515 0
Gain on revaluation of contingent consideration 0 1,013 0 1,013
Interest (loss) from operations (8,462) 2,480 (10,819) 5,182
Interest income 627 569 1,383 721
Other loss, net (276) (505) (380) (1,072)
Income (loss) before income taxes (8,111) 2,544 (9,816) 4,831
Income tax expense (benefit) (910) 468 (1,422) 1,310
Net income (loss) $ (7,201) $ 2,076 $ (8,394) $ 3,521
Basic earnings (loss) per share (in dollars per share) $ (0.82) $ 0.24 $ (0.96) $ 0.4
Diluted earnings (loss) per share (in dollars per share) (0.82) 0.24 (0.96) 0.4
Regular dividends per share (in dollars per share) $ 0.18 $ 0.16 $ 0.34 $ 0.32