XML 23 R7.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
May 30, 2020
Jun. 01, 2019
Jun. 02, 2018
Cash flows from operating activities:      
Net income $ 18,328 $ 55,062 $ 126,196
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 58,103 54,650 54,026
Deferred income taxes 10,281 6,123 (33,809)
Equity in income of affiliates (534) (4,775) (3,517)
Loss on disposal of property, plant and equipment 82 33 473
Stock compensation expense, net of amounts paid 3,617 3,619 3,467
Unrealized losses on investments 744 0 0
Gains on sales of investments (611) 0 0
Purchases of equity securities (275) 0 0
Sales of equity securities 1,212 0 0
Amortization of investments 316 962 1,680
Other (248) 23 71
Change in operating assets and liabilities, net of effects from acquisitions:      
(Increase) decrease in receivables and other assets (28,300) 16,011 31,402
Increase in inventories (9,704) (2,285) (7,952)
(Increase) decrease in accounts payable, accrued expenses and other liabilities 17,679 (14,338) 28,378
Net cash provided by operating activities 73,609 115,085 200,415
Cash flows from investing activities:      
Purchases of investments (107,234) (176,951) (275,287)
Sales of investments 204,277 209,806 127,664
Acquisition of businesses, net of cash acquired (44,650) (17,889) 0
Investment in unconsolidated entities 0 (4,273) (4,100)
Distributions from unconsolidated entities 7,114 7,904 6,581
Purchases of property, plant and equipment (124,178) (67,989) (19,671)
Net proceeds from disposal of property, plant and equipment 3,306 1,575 963
Net cash used in investing activities (61,365) (47,817) (163,850)
Cash flows from financing activities:      
Principal payments on long-term debt (1,500) (3,754) (4,849)
Contributions from (distributions to) to noncontrolling interest partners 755 0 (279)
Purchase of common stock by treasury (910) (985) (1,128)
Payments of dividends 0 (41,713) 0
Net cash used in financing activities (3,361) (46,452) (5,698)
Increase in cash and cash equivalents 8,883 20,816 30,867
Cash and cash equivalents at beginning of year 69,247 48,431 17,564
Cash and cash equivalents at end of year 78,130 69,247 48,431
Supplemental information:      
Income taxes paid (refunds received) (8,443) 36,312 (45,101)
Interest paid (net of amount capitalized) 498 644 265
Asset Impairment Charges 2,919 0 0
Finance Lease, Principal Payments (196) 0 0
Non-Cash Change In Operating Lease Liability $ 871 $ 0 $ 0