XML 19 R8.htm IDEA: XBRL DOCUMENT v3.23.4
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Nov. 25, 2023
Nov. 26, 2022
Cash flows from operating activities:    
Net income $ 8,012 $ 35,572
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization expense 4,322 4,235
Stock-based compensation expense 3,068 4,766
(Gain) on dispositions of subsidiaries   (238)
Adjustment to allowance for doubtful accounts 245 1,066
Deferred income taxes 528 (3,243)
Other, net 479 (341)
Changes in operating assets and liabilities, net of acquisitions and dispositions:    
Trade accounts receivable 8,271 (3,261)
Prepaid expenses and other current assets (2,316) (462)
Income taxes (3,475) 6,150
Other assets (5,822) 767
Accounts payable and other accrued expenses 2,614 3,864
Accrued salaries and related obligations (17,188) (20,460)
Other liabilities (494) (4,761)
Net cash (used in) provided by operating activities (1,756) 23,654
Cash flows from investing activities:    
Proceeds from sale of taskforce   2,984
Proceeds from sale of assets   4
Acquisition of CloudGo, net of cash acquired (7,215)  
Investments in property and equipment and internal-use software (885) (1,164)
Net cash (used in) provided by investing activities (8,100) 1,824
Cash flows from financing activities:    
Proceeds from exercise of stock options 395 7,431
Proceeds from issuance of common stock under Employee Stock Purchase Plan 2,774 2,843
Proceeds from Revolving Credit Facility   15,000
Repayments on Revolving Credit Facility   (49,000)
Repurchase of common stock (5,000) (5,351)
Payment of cash dividends (9,401) (9,368)
Net cash used in financing activities (11,232) (38,445)
Effect of exchange rate changes on cash and cash equivalents 77 (1,808)
Net decrease in cash and cash equivalents (21,011) (14,775)
Cash and cash equivalents at beginning of period 116,784 104,224
Cash and cash equivalents at end of period 95,773 89,449
Supplemental cash flow disclosures    
Income taxes paid, net 8,452 9,814
Interest paid 176 604
Non-cash investing and financing activities    
Increase in long-term receivable in connection with the sale of taskforce   2,984
Acquisition of CloudGo: Liability for contingent consideration 4,500  
Dividends declared, not paid $ 4,672 $ 4,709