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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Sep. 02, 2023
Aug. 27, 2022
Cash flows from operating activities:    
Net income $ 411 $ 125,134
Depreciation and amortization 19,340 17,312
Deferred income taxes 322 (1,324)
Other adjustments, net 3,612 31,690
Net cash provided by operations 23,685 172,812
Cash flows from investing activities:    
Purchases of investment securities (28,296) (51,834)
Sales and maturities of investment securities 135,768 20,296
Purchases of property, plant and equipment (26,666) (27,662)
Net proceeds from disposal of property, plant and equipment 74 78
Net cash provided by (used in) investing activities 80,880 (59,122)
Cash flows from financing activities:    
Payments of dividends (36,983) (36,653)
Purchase of common stock by treasury (5) (45)
Principal payments on finance lease (58) (55)
Net cash used in financing activities (37,046) (36,753)
Net change in cash and cash equivalents 67,519 76,937
Cash and cash equivalents at beginning of period 292,824 59,084
Cash and cash equivalents at end of period $ 360,343 $ 136,021