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Consolidated Balance Sheets (USD $)
May 25, 2014
May 26, 2013
Current assets:    
Cash and cash equivalents $ 14,243,000 $ 13,718,000
Marketable securities   1,545,000
Accounts receivable, less allowance for doubtful accounts of $516 and $583 at May 25, 2014 and May 26, 2013, respectively 44,421,000 36,427,000
Accounts receivable, related party 304,000 316,000
Income taxes receivable 2,000,000 5,103,000
Inventories, net 24,735,000 24,113,000
Deferred taxes 2,056,000 1,582,000
Prepaid expenses and other current assets 3,170,000 2,856,000
Total current assets 90,929,000 85,660,000
Investment in non-public company, non-fair value 793,000 793,000
Investment in non-public company, fair value 39,600,000 29,600,000
Property and equipment, net 74,140,000 65,811,000
Goodwill, net 49,620,000 49,620,000
Trademarks/ trade names, net 48,428,000 48,428,000
Customer relationships, net 8,720,000 9,606,000
Other assets 1,393,000 1,424,000
Total Assets 313,623,000 290,942,000
Current liabilities:    
Accounts payable 31,981,000 32,031,000
Accounts payable, related party 134,000 225,000
Accrued compensation 4,096,000 4,984,000
Other accrued liabilities 4,871,000 2,332,000
Deferred revenue 1,254,000 1,248,000
Lines of credit   4,000,000
Current portion of long-term debt 6,055,000 5,933,000
Total current liabilities 48,391,000 50,753,000
Long-term debt 28,317,000 34,372,000
Deferred taxes 30,133,000 24,054,000
Other non-current liabilities 2,021,000 1,349,000
Total liabilities 108,862,000 110,528,000
Commitments and contingencies (Note 12)      
Stockholders’ equity:    
Common stock, $0.001 par value; 50,000,000 shares authorized; 26,815,253 and 26,402,247 shares issued and outstanding at May 25, 2014 and May 26, 2013, respectively 27,000 26,000
Additional paid-in capital 131,488,000 126,258,000
Retained earnings 71,554,000 52,409,000
Total stockholders’ equity 203,069,000 178,693,000
Non-controlling interest 1,692,000 1,721,000
Total Equity 204,761,000 180,414,000
Total Liabilities and Stockholders’ Equity $ 313,623,000 $ 290,942,000