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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Feb. 27, 2021
Feb. 29, 2020
Operating activities:    
Net income (loss) $ 6,304 $ (42,136)
Depreciation and amortization 44,391 42,911
Deferred income taxes 9,970 (13,406)
Impairment loss on property, plant & equipment 0 2,919
Other adjustments, net (45,936) (26,742)
Net cash provided by (used in) operations 14,729 (36,454)
Investing activities:    
Purchases of investment securities (59,415) (12,100)
Sales and maturities of investment securities 85,202 181,533
Distributions from unconsolidated entities 5,813 6,114
Acquisition of business 0 (44,515)
Purchases of property, plant and equipment (73,796) (94,600)
Net proceeds from disposal of property, plant and equipment 3,273 1,839
Net cash provided by (used in) investing activities (38,923) 38,271
Financing activities:    
Purchase of common stock by treasury (871) (910)
Distributions to noncontrolling interests 0 (755)
Principal payments on long-term debt 0 (1,500)
Principal payments on finance lease (153) (146)
Contributions 5 0
Net cash used in financing activities (1,019) (3,311)
Net change in cash and cash equivalents (25,213) (1,494)
Cash and cash equivalents at beginning of period 78,130 69,247
Cash and cash equivalents at end of period 52,917 67,753
Supplemental Information:    
Cash paid for operating leases 703 635
Interest paid $ 193 $ 77