Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands |
3 Months Ended |
6 Months Ended |
Nov. 27, 2021 |
Nov. 28, 2020 |
Nov. 27, 2021 |
Nov. 28, 2020 |
| Operating activities: |
|
|
|
|
| Net income (loss) |
$ 4,122
|
$ 689
|
$ 6,757
|
$ (458)
|
| Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities: |
|
|
|
|
| Depreciation and amortization |
859
|
873
|
1,688
|
1,746
|
| Inventory provisions |
57
|
215
|
140
|
452
|
| Share-based compensation expense |
153
|
178
|
372
|
379
|
| Loss on disposal of assets |
2
|
|
2
|
|
| Deferred income taxes |
(23)
|
(55)
|
12
|
(53)
|
| Change in assets and liabilities: |
|
|
|
|
| Accounts receivable |
1,862
|
687
|
(3,146)
|
(167)
|
| Inventories |
(4,225)
|
613
|
(9,182)
|
(1,008)
|
| Prepaid expenses and other assets |
(994)
|
(381)
|
(1,056)
|
(272)
|
| Accounts payable |
1,695
|
211
|
2,302
|
(2,523)
|
| Accrued liabilities |
1,032
|
1,633
|
1,512
|
3,412
|
| Other |
91
|
(236)
|
357
|
(438)
|
| Net cash provided by (used in) operating activities |
4,631
|
4,427
|
(242)
|
1,070
|
| Investing activities: |
|
|
|
|
| Capital expenditures |
(770)
|
(562)
|
(1,607)
|
(1,280)
|
| Proceeds from maturity of investments |
|
|
|
16,000
|
| Purchases of investments |
|
|
|
(9,000)
|
| Net cash (used in) provided by investing activities |
(770)
|
(562)
|
(1,607)
|
5,720
|
| Financing activities: |
|
|
|
|
| Proceeds from issuance of common stock |
672
|
|
724
|
|
| Cash dividends paid |
(792)
|
(780)
|
(1,578)
|
(1,560)
|
| Payment of financing lease principal |
(46)
|
(46)
|
(91)
|
(91)
|
| Net cash used in financing activities |
(166)
|
(826)
|
(945)
|
(1,651)
|
| Effect of exchange rate changes on cash and cash equivalents |
(448)
|
489
|
(857)
|
1,349
|
| Increase (decrease) in cash and cash equivalents |
3,247
|
3,528
|
(3,651)
|
6,488
|
| Cash and cash equivalents at beginning of period |
36,418
|
33,495
|
43,316
|
30,535
|
| Cash and cash equivalents at end of period |
$ 39,665
|
$ 37,023
|
$ 39,665
|
$ 37,023
|