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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Nov. 29, 2020
Nov. 24, 2019
Cash flows from operating activities:    
Consolidated net loss $ (24,301) $ (11,524)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation, amortization of intangibles and amortization of debt costs 9,826 9,030
Stock-based compensation expense 1,787 1,315
Deferred taxes (7,070) (2,624)
Change in investment in non-public company, fair value 11,800 (200)
Net gain on disposal of property and equipment held and used (34) (15)
Loss on disposal of property and equipment related to restructuring, net 6,005 406
Other, net 21 206
Change in contingent consideration liability 0 (500)
Pacific Harvest note receivable reserve 0 1,202
Changes in current assets and current liabilities:    
Accounts receivable, net 9,661 (397)
Inventories (4,891) (4,431)
Prepaid expenses and other current assets 1,539 (554)
Accounts payable 10,539 (6,105)
Accrued compensation (1,345) (1,988)
Other accrued liabilities 4,627 1,145
Deferred revenue 292 112
Net cash provided by (used in) operating activities 18,456 (14,922)
Cash flows from investing activities:    
Proceeds from sales of property and equipment 12,885 29
Purchases of property and equipment (7,407) (16,029)
Proceeds from collections of notes receivable 0 364
Net cash provided by (used in) investing activities 5,478 (15,636)
Cash flows from financing activities:    
Taxes paid by Company for employee stock plans (297) (130)
Payments on long-term debt (20,062) (5,062)
Proceeds from lines of credit 24,000 62,900
Payments on lines of credit (24,400) (53,400)
Payments for debt issuance costs (1,237) (766)
Proceeds from sale of common stock 0 30
Proceeds from long-term debt 0 27,500
Net cash (used in) provided by financing activities (21,996) 31,072
Net increase in cash and cash equivalents 1,938 514
Cash and cash equivalents, beginning of period 553 1,465
Cash and cash equivalents, end of period 2,491 1,979
Supplemental disclosure of non-cash investing and financing activities:    
Purchases of property and equipment on trade vendor credit $ 1,526 $ 3,174