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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
May 28, 2023
Feb. 26, 2023
Nov. 27, 2022
Aug. 28, 2022
May 29, 2022
Feb. 27, 2022
Nov. 28, 2021
Aug. 29, 2021
May 30, 2021
Feb. 28, 2021
Nov. 29, 2020
Aug. 30, 2020
May 31, 2020
Current Assets:                          
Cash and cash equivalents $ 19,091 $ 2,950 $ 5,938 $ 2,540 $ 991 $ 1,101 $ 609 $ 939 $ 763 $ 1,853 $ 2,476 $ 439  
Accounts receivable, less allowance for credit losses 29,024 30,974 27,458 31,929 38,314 39,747 27,495 26,216 31,591 28,863 29,600 27,172  
Inventories, net 40,841 42,042 38,420 36,154 36,000 34,758 39,715 36,869 33,930 31,441 32,404 28,909  
Prepaid expenses and other current assets 4,919 1,473 1,673 1,986 2,053 1,818 1,441 1,324 1,502 5,946 6,795 13,934  
Current assets, discontinued operations 0 5,687 45,592 36,896 39,310 49,716 81,293 73,318 77,515 90,219 80,554 74,513  
Total Current Assets 93,875 83,126 119,081 109,505 116,668 127,140 150,553 138,666 145,301 158,322 151,829 144,967  
Property and equipment, net 134,390 126,326 120,187 118,190 118,670 110,503 108,761 108,400 107,131 95,789 94,988 93,764  
Operating lease right-of-use assets 4,282 5,100 5,251 5,396 5,553 5,703 7,487 7,696 13,536 15,403 12,691 13,359  
Goodwill 13,881 13,881 13,881 13,881 13,881 13,881 13,881 13,881 13,881 13,881 13,881 13,881  
Trademarks/tradenames, net 4,200 4,200 4,200 4,200 4,200 4,200 4,200 4,200 4,200 4,200 4,200 4,200  
Other assets 2,917 2,699 2,492 2,680 2,889 2,935 3,083 3,251 3,418 3,375 1,132 1,193  
Non-current Assets, discontinued operations 0 1,324 10,881 12,528 12,842 59,829 133,215 168,426 169,367 170,433 173,812 176,065  
Total Assets 253,545 236,656 275,973 266,380 274,703 324,242 421,308 444,725 501,885 506,862 498,069 503,043  
Current Liabilities:                          
Accounts payable 22,097 14,657 13,301 9,623 12,952 13,294 8,655 8,606 11,622 8,887 7,985 6,351  
Accrued compensation 4,145 6,733 4,104 5,921 8,941 9,418 3,256 4,735 7,500 6,424 4,128 3,974  
Other accrued liabilities 7,142 11,626 9,365 6,622 6,479 12,993 3,880 4,713 3,009 5,776 6,115 3,669  
Current portion of lease liabilities 1,270 1,216 4,334 4,352 4,368 4,395 1,218 1,236 977 1,005 710 711  
Deferred revenue 4,055 2,711 731 803 919 1,614 967 1,069 287 740 297 0  
Line of credit 0   48,000 44,000 40,000 39,900 42,000 32,000 29,000 41,000 77,000 69,000  
Current portion of long-term debt, net 580   98,953 98,569 98,178           11,189 11,027  
Current liabilities, discontinued operations 0 458 16,832 8,845 4,744 8,790 62,416 51,290 49,457 61,481 66,454 58,961  
Total Current Liabilities 39,289 37,401 195,620 178,735 176,581 90,404 122,392 103,649 101,852 125,313 173,878 153,693  
Long-term debt, net 84,256 98,900     0 79,598 124,194 123,833 164,902 145,051 82,000 93,919  
Line of credit 16,809 16,000     0                
Debt derivative liability 64,900       0                
Long-term lease liabilities 9,709 9,998 7,020 7,294 7,658 7,848 11,344 11,655 17,375 17,919 15,475 16,016  
Deferred taxes, net 380 80 10 124 126 796 1,201 3,949 5,975 6,104 6,631 8,877  
Other non-current liabilities 3,114 203 201 199 190 544 1,932 2,376 2,870 3,032 4,024 4,138  
Non-current liabilities, discontinued operations 0 518 1,979 2,153 2,325 2,494 4,821 6,146 6,965 7,240 8,064 7,861  
Total Liabilities 218,457 163,100 204,830 188,505 186,880 181,684 265,884 251,608 299,939 304,659 290,072 284,504  
Convertible Preferred stock, $0.001 par value; 2,000 shares authorized; 39 shares issued and outstanding at May 28, 2023 (none at May 29, 2022) 39,318 38,535     0                
Stockholders’ (Deficit) Equity:                          
Common stock, $0.001 par value; 50,000 shares authorized; 30,322 and 29,513 shares issued and outstanding at May 28, 2023 and May 29, 2022, respectively 30 30   30 30 29 29 29 29 29 29 29  
Additional paid-in capital 174,276 174,243 173,858 168,070 167,352 166,943 166,327 165,725 165,533 164,865 164,068 163,388  
Accumulated deficit (178,536) (139,252) (102,745) (89,939) (78,973) (23,702) (10,116) 28,355 37,742 39,025 46,003 57,626  
Accumulated other comprehensive loss 0     (286) (586) (712) (816) (992) (1,358) (1,716) (2,103) (2,504)  
Total Stockholders’ (Deficit) Equity (4,230) 35,021 71,143 77,875 87,823 142,558 155,424 193,117 201,946 202,203 207,997 218,539 $ 229,835
Total Liabilities, Convertible Preferred Stock and Stockholders’ (Deficit) Equity $ 253,545 $ 236,656 $ 275,973 $ 266,380 $ 274,703 $ 324,242 $ 421,308 $ 444,725 $ 501,885 $ 506,862 $ 498,069 $ 503,043