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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 01, 2024
May 27, 2023
May 28, 2022
Operating activities:      
Net income $ 61 $ 22,333 $ 17,927
Adjustments to reconcile net income to cash provided by (used in) operating activities:      
Depreciation and amortization 4,307 3,671 3,423
Inventory provisions 606 466 462
Loss (gain) on disposal of assets 70 (7) 20
Share-based compensation expense 1,326 936 654
Deferred income taxes (1,004) (138) (4,042)
Change in assets and liabilities:      
Accounts receivable 5,297 (363) (6,183)
Inventories 66 (30,452) (20,571)
Prepaid expenses and other assets 250 (519) (228)
Accounts payable (8,124) (439) 7,671
Accrued liabilities 3,396 (4,006) 2,420
Other 273 319 358
Net cash provided by (used in) operating activities 6,524 (8,199) 1,911
Investing activities:      
Capital expenditures (4,041) (7,378) (3,120)
Proceeds from the sale of property, plant & equipment 0 194 0
Proceeds from maturity of investments 0 5,000 0
Purchases of investments 0 0 (5,000)
Net cash used in investing activities (4,041) (2,184) (8,120)
Financing activities:      
Proceeds from issuance of common stock 591 3,778 2,992
Cash dividends paid on Common and Class B Common shares (3,376) (3,320) (3,193)
Proceeds from revolving credit facility 3,744 0 0
Repayment of revolving credit facility (3,744) 0 0
Other (120) (69) (151)
Net cash (used in) provided by financing activities (2,905) 389 (352)
Effect of exchange rate changes on cash and cash equivalents (296) (520) (1,260)
Decrease in cash and cash equivalents (718) (10,514) (7,821)
Cash and cash equivalents at beginning of period 24,981 35,495 43,316
Cash and cash equivalents at end of period 24,263 24,981 35,495
Cash paid during the fiscal year:      
Income taxes, net of refunds 0 4,807 1,484
Non-cash activities:      
Non-cash accruals for construction in progress 267 0 0
Right of use assets obtained in exchange for lease liabilities $ 1,518 $ 695 $ 2,306