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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
May 30, 2020
May 25, 2019
May 26, 2018
Cash flows from operating activities:      
Net income $ 28,285 $ 31,470 $ 18,826
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 10,764 8,478 6,389
Stock-based compensation expense 6,057 6,570 6,033
Contingent consideration adjustment 794 (590)  
Loss on disposal of assets 484 126 14
Impairment of operating right-of-use assets 649    
Bad debt expense 1,840 1,540 826
Deferred income taxes 911 6,452 (5,035)
Changes in operating assets and liabilities, net of effects of business combinations:      
Trade accounts receivable 10,010 (5,690) (19,373)
Prepaid expenses and other current assets 980 109 (1,567)
Income taxes (2,472) (4,324) 4,733
Other assets (1,332) (1,147) (166)
Accounts payable and accrued expenses (7,902) (1,469) 3,332
Accrued salaries and related obligations (6,810) 547 4,173
Other liabilities 7,265 1,549 (2,815)
Net cash provided by operating activities 49,523 43,621 15,370
Cash flows from investing activities:      
Redemption of short-term investments 5,981    
Purchase of short-term investments   (5,981)  
Proceeds from sale of assets 105   4
Acquisition of Expertence, net of cash acquired (254)    
Acquisition of Veracity, net of cash acquired (30,258)    
Acquisition of Accretive     (20,047)
Acquisition of taskforce, net of cash acquired     (3,410)
Purchase of property and equipment (2,346) (6,896) (2,213)
Net cash used in investing activities (26,772) (12,877) (25,666)
Cash flows from financing activities:      
Proceeds from exercise of stock options 5,125 19,809 6,489
Proceeds from issuance of common stock under Employee Stock Purchase Plan 5,131 4,499 3,949
Purchase of common stock (5,000) (29,891) (5,116)
Payment of contingent consideration (1,771) (1,860) (2,579)
Proceeds from Revolving Credit Facility 74,000   15,000
Repayments on Revolving Credit Facility (29,000) (20,000)  
Cash dividends paid (17,581) (16,158) (14,269)
Net cash provided by (used in) financing activities 30,904 (43,601) 3,474
Effect of exchange rate changes on cash (1,076) (568) 963
Net increase (decrease) in cash 52,579 (13,425) (5,859)
Cash and cash equivalents at beginning of period 43,045 56,470 62,329
Cash and cash equivalents at end of period $ 95,624 $ 43,045 $ 56,470