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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Aug. 30, 2024
May 31, 2024
Current assets:    
Cash and cash equivalents $ 37,830 $ 49,159
Accounts receivable 8,561 9,796
Inventories 42,973 37,470
Prepaid expenses and other current assets 3,555 1,423
Total current assets 92,919 97,848
Property and equipment, net 3,503 3,253
Goodwill 10,353 0
Intangible assets, net 11,854 0
Deferred tax assets, net 18,351 20,773
Operating lease right-of-use assets, net 6,325 5,734
Other non-current assets 2,557 304
Total assets 145,862 127,912
Current liabilities:    
Accounts payable 5,571 5,332
Accrued expenses 5,481 3,366
Operating lease liabilities, short-term 827 465
Deferred revenue, short-term 3,541 1,345
Total current liabilities 15,420 10,508
Operating lease liabilities, long-term 5,878 5,732
Deferred revenue, long-term 60 41
Other long-term liabilities 2,021 38
Total liabilities 23,379 16,319
Shareholders' equity:    
Preferred stock, $0.01 par value: Authorized: 10,000 shares; Issued and outstanding: none 0 0
Common stock, $0.01 par value: Authorized: 75,000 shares; Issued and outstanding: 29,584 shares and 28,995 shares at at August 30, 2024 and May 31, 2024, respectively 295 289
Additional paid-in-capital 140,812 130,612
Accumulated other comprehensive loss (134) (158)
Accumulated deficit (18,490) (19,150)
Total shareholders' equity 122,483 111,593
Total liabilities and shareholders' equity $ 145,862 $ 127,912