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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 01, 2019
Jun. 02, 2018
Current assets:    
Cash and cash equivalents $ 69,247 $ 48,431
Investment securities available-for-sale 250,181 282,586
Receivables:    
Trade receivables, less allowance for doubtful accounts of $206 in 2019 and $268 in 2018 57,059 80,731
Income tax receivable 9,745 0
Other 4,956 5,108
Total receivables 71,760 85,839
Inventories, net 172,237 168,644
Prepaid expenses and other current assets 4,328 2,020
Total current assets 567,753 587,520
Other assets:    
Investments in unconsolidated entities 67,554 66,806
Goodwill 35,525 35,525
Other intangible assets, net 23,762 26,307
Other long-term assets 5,390 8,905
Total other assets 132,231 137,543
Property, plant and equipment, less accumulated depreciation 456,294 425,384
Total assets 1,156,278 1,150,447
Current liabilities:    
Trade accounts payable 39,210 37,840
Accrued dividends payable 0 17,093
Accrued wages and benefits 22,914 18,967
Accrued income taxes payable 0 17,446
Accrued expenses and other liabilities 11,087 12,956
Current maturities of long-term debt 1,696 3,536
Total current liabilities 74,907 107,838
Long-term debt, less current maturities 641 2,554
Other noncurrent liabilities 8,327 8,318
Deferred income taxes, net 82,597 76,055
Total liabilities 166,472 194,765
Commitments and contingencies – See Notes 7, 8, and 12
Stockholders' equity:    
Paid-in capital 56,857 53,323
Retained earnings 954,527 924,918
Accumulated other comprehensive income (loss), net of tax 355 (693)
Common stock in treasury, at cost – 26,366 and 26,430 shares in 2019 and 2018, respectively (25,866) (24,966)
Total Cal-Maine Foods, Inc. stockholders' equity 986,624 953,333
Noncontrolling interest in consolidated entities 3,182 2,349
Total stockholders’ equity 989,806 955,682
Total liabilities and stockholders' equity 1,156,278 1,150,447
Common Stock    
Stockholders' equity:    
Common stock 703 703
Total stockholders’ equity 703 703
Class A Convertible Common Stock    
Stockholders' equity:    
Common stock 48 48
Total stockholders’ equity $ 48 $ 48