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Audited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
May 27, 2017
May 28, 2016
May 30, 2015
Operating activities:      
Net loss $ (6,928) $ (6,766) $ (5,559)
Adjustments to reconcile net loss to cash provided by (used in) operating activities:      
Depreciation and amortization 2,740 2,381 1,707
Inventory provisions 456 690 228
Loss (gain) on sale of investments (6) 1 (27)
Gain on disposal of business (209)    
Gain on disposal of assets (244) (5)
Share-based compensation expense 437 548 726
Deferred income taxes (55) 201 (1,604)
Change in assets and liabilities, net of effect of acquired business:      
Accounts receivable 4,167 (3,521) (4,495)
Income tax receivable 17 912 1,959
Inventories 2,408 (5,865) (7,747)
Prepaid expenses and other assets (1,318) (16) (888)
Accounts payable 1,037 (899) 4,207
Accrued liabilities (699) (1,027) 1,480
Long-term liabilities-accrued pension (249) (465)
Other 11 486 238
Net cash provided by (used in) operating activities 1,809 (13,584) (9,780)
Investing activities:      
Cash consideration paid for acquired business (12,209)
Capital expenditures (5,221) (4,813) (4,737)
Proceeds from sales of assets 402
Proceeds from maturity of investments 3,582 27,026 33,617
Purchases of investments (2,136) (2,151) (35,550)
Proceeds from sales of available-for-sale securities 306 268 227
Purchases of available-for-sale securities (306) (268) (227)
Other (12) (20) (248)
Net cash (used in) provided by investing activities (3,787) 8,235 (6,918)
Financing activities:      
Repurchase of common stock (5,015) (3,945)
Proceeds from issuance of common stock 30 142 324
Cash dividends paid (3,031) (3,079) (3,260)
Other (4) 3
Net cash used in financing activities (3,001) (7,956) (6,878)
Effect of exchange rate changes on cash and cash equivalents (148) (776) (4,641)
Decrease in cash and cash equivalents (5,127) (14,081) (28,217)
Cash and cash equivalents at beginning of period 60,454 74,535 102,752
Cash and cash equivalents at end of period 55,327 60,454 74,535
Cash paid during the fiscal year for:      
Income taxes $ 362 $ 715 $ 495