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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
May 31, 2020
May 26, 2019
Current Assets:    
Cash and cash equivalents $ 360 $ 1,080
Accounts receivable, less allowance for doubtful accounts 76,206 69,565
Inventories 66,311 54,132
Prepaid expenses and other current assets 14,230 8,264
Total Current Assets 157,107 133,041
Investment in non-public company, fair value 56,900 61,100
Property and equipment, net 192,338 200,027
Operating leases 25,321 0
Goodwill 69,386 76,742
Trademarks/tradenames, net 25,328 29,928
Customer relationships, net 12,777 15,319
Other assets 2,156 2,934
Total Assets 541,313 519,091
Current Liabilities:    
Accounts payable 51,647 53,973
Accrued compensation 9,034 10,687
Current portion of lease liabilities 4,423 75
Other accrued liabilities 9,978 10,001
Deferred revenue 352 499
Line of credit 77,400 52,000
Current portion of long-term debt, net 11,554 9,791
Other current liabilities, discontinued operations 0 65
Total Current Liabilities 164,388 137,091
Long-term debt, net 101,363 87,193
Long-term lease liabilities 26,378 3,532
Net deferred tax liabilities 13,588 19,393
Other non-current liabilities 4,552 1,738
Total Liabilities 310,269 248,947
Stockholders’ Equity:    
Common stock, $0.001 par value; 50,000 shares authorized; 29,224 and 29,102 shares issued and outstanding at May 31, 2020 and May 26, 2019, respectively 29 29
Additional paid-in capital 162,578 160,341
Retained earnings 71,245 109,710
Accumulated other comprehensive (loss) income (2,808) 64
Total Stockholders’ Equity 231,044 270,144
Total Liabilities and Stockholders’ Equity $ 541,313 $ 519,091