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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Aug. 30, 2020
May 31, 2020
Current Assets:    
Cash and cash equivalents $ 589 $ 360
Accounts receivable, less allowance for credit losses 65,027 76,206
Inventories 59,998 66,311
Prepaid expenses and other current assets 21,753 14,230
Total Current Assets 147,367 157,107
Investment in non-public company, fair value 56,900 56,900
Property and equipment, net 171,413 192,338
Operating leases 22,109 25,321
Goodwill 69,386 69,386
Trademarks/tradenames, net 25,328 25,328
Customer relationships, net 12,281 12,777
Other assets 1,396 2,156
Total Assets 506,180 541,313
Current Liabilities:    
Accounts payable 50,722 51,647
Accrued compensation 8,895 9,034
Other accrued liabilities 9,607 9,978
Current portion of lease liabilities 4,001 4,423
Deferred revenue 477 352
Line of credit 69,000 77,400
Current portion of long-term debt, net 11,027 11,554
Total Current Liabilities 153,729 164,388
Long-term debt, net 93,919 101,363
Long-term lease liabilities 23,018  
Long-term lease liabilities   26,378
Deferred taxes, net 9,359 13,588
Other non-current liabilities 4,997 4,552
Total Liabilities 285,022 310,269
Stockholders’ Equity:    
Common stock, $0.001 par value; 50,000 shares authorized; 29,242 and 29,224 shares issued and outstanding at August 30, 2020 and May 31, 2020, respectively 29 29
Additional paid-in capital 163,388 162,578
Retained earnings 60,245 71,245
Accumulated other comprehensive loss (2,504) (2,808)
Total Stockholders’ Equity 221,158 231,044
Total Liabilities and Stockholders’ Equity $ 506,180 $ 541,313