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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Nov. 28, 2021
May 30, 2021
Current Assets:    
Cash and cash equivalents $ 1,091 $ 1,295
Accounts receivable, less allowance for credit losses 65,276 70,013
Inventories 79,433 69,663
Prepaid expenses and other current assets 8,721 7,350
Total Current Assets 154,521 148,321
Investment in non-public company, fair value 0 45,100
Property and equipment, net 179,929 179,559
Operating lease right-of-use assets 11,979 20,827
Goodwill 37,329 69,386
Trademarks/tradenames, net 25,328 25,328
Customer relationships, net 9,799 10,792
Other assets 3,239 3,611
Total Assets 422,124 502,924
Current Liabilities:    
Accounts payable 59,098 47,569
Accrued compensation 7,214 12,304
Other accrued liabilities 9,804 7,996
Current portion of lease liabilities 2,988 3,889
Deferred revenue 1,160 1,130
Line of credit 42,000 29,000
Total Current Liabilities 122,264 101,888
Long-term debt, net 124,194 164,902
Long-term lease liabilities 14,203 23,611
Deferred taxes, net 1,367 6,140
Other non-current liabilities 3,894 3,599
Total Liabilities 265,922 300,140
Stockholders’ Equity:    
Common stock, $0.001 par value; 50,000 shares authorized; 29,481 and 29,333 shares issued and outstanding at November 28, 2021 and May 30, 2021, respectively 29 29
Additional paid-in capital 166,327 165,533
Retained earnings (accumulated deficit) (9,338) 38,580
Accumulated other comprehensive loss (816) (1,358)
Total Stockholders’ Equity 156,202 202,784
Total Liabilities and Stockholders’ Equity $ 422,124 $ 502,924