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Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Nov. 30, 2024
Dec. 02, 2023
Nov. 30, 2024
Dec. 02, 2023
Operating activities:        
Net loss $ (751) $ (1,797) $ (161) $ (570)
Adjustments to reconcile net loss to cash provided by operating activities:        
Unrealized foreign currency loss (gain) 141 (268) (241) (305)
Depreciation and amortization 1,015 1,116 2,059 2,114
Inventory provisions 84 192 223 277
Share-based compensation expense 313 283 906 766
(Gain) loss on disposal of assets (2) 70 (4) 70
Deferred income taxes (21) 51 (79) 46
Change in assets and liabilities:        
Accounts receivable 4,721 1,790 (1,137) 6,252
Inventories (1,617) (3,069) (1,741) (6,220)
Prepaid expenses and other assets 67 (618) 38 (209)
Accounts payable 500 1,233 4,664 (1,132)
Accrued liabilities 641 1,502 546 378
Other 374 315 804 348
Net cash provided by operating activities 5,465 800 5,877 1,815
Investing activities:        
Capital expenditures (517) (1,515) (1,443) (2,656)
Proceeds from sale of property, plant & equipment 0 0 7 0
Net cash used in investing activities (517) (1,515) (1,436) (2,656)
Financing activities:        
Proceeds from issuance of common stock 163 15 307 342
Cash dividends paid on common and Class B common stock (853) (845) (1,703) (1,688)
Proceeds from revolving credit facility 0 0 1,000 0
Repayment of revolving credit facility 0 0 (1,000) 0
Other 3 0 (159) (119)
Net cash used in financing activities (687) (830) (1,555) (1,465)
Effect of exchange rate changes on cash and cash equivalents (661) 190 (514) 94
Increase (decrease) in cash and cash equivalents 3,600 (1,355) 2,372 (2,212)
Cash and cash equivalents at beginning of period 23,035 24,124 24,263 24,981
Cash and cash equivalents at end of period $ 26,635 $ 22,769 $ 26,635 $ 22,769