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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Nov. 29, 2020
May 31, 2020
Current Assets:    
Cash and cash equivalents $ 2,491 $ 360
Accounts receivable, less allowance for credit losses 66,545 76,206
Inventories 71,202 66,311
Prepaid expenses and other current assets 13,949 14,230
Total Current Assets 154,187 157,107
Investment in non-public company, fair value 45,100 56,900
Property and equipment, net 170,973 192,338
Operating leases 21,070 25,321
Goodwill 69,386 69,386
Trademarks/tradenames, net 25,328 25,328
Customer relationships, net 11,784 12,777
Other assets 1,332 2,156
Total Assets 499,160 541,313
Current Liabilities:    
Accounts payable 60,892 51,647
Accrued compensation 7,689 9,034
Other accrued liabilities 12,715 9,978
Current portion of lease liabilities 3,785 4,423
Deferred revenue 644 352
Line of credit 77,000 77,400
Current portion of long-term debt, net 11,189 11,554
Total Current Liabilities 173,914 164,388
Long-term debt, net 82,000 101,363
Long-term lease liabilities 22,206 26,378
Deferred taxes, net 6,745 13,588
Other non-current liabilities 5,357 4,552
Total Liabilities 290,222 310,269
Stockholders’ Equity:    
Common stock, $0.001 par value; 50,000 shares authorized; 29,323 and 29,224 shares issued and outstanding at November 29, 2020 and May 31, 2020, respectively 29 29
Additional paid-in capital 164,068 162,578
Retained earnings 46,944 71,245
Accumulated other comprehensive loss (2,103) (2,808)
Total Stockholders’ Equity 208,938 231,044
Total Liabilities and Stockholders’ Equity $ 499,160 $ 541,313