XML 14 R2.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Nov. 27, 2016
May 29, 2016
[1]
Current Assets:    
Cash and cash equivalents $ 2,566 $ 9,894
Accounts receivable, less allowance for doubtful accounts 50,009 46,406
Inventories 27,970 25,535
Prepaid expenses and other current assets 3,930 4,468
Total Current Assets 84,475 86,303
Investment in non-public company, fair value 62,700 62,700
Property and equipment, net 120,972 120,880
Goodwill, net 49,620 49,620
Trademarks/tradenames, net 14,428 14,428
Customer relationships, net 6,525 6,968
Other assets 2,621 1,754
Total Assets 341,341 342,653
Current Liabilities:    
Accounts payable 25,914 30,904
Accrued compensation 5,696 5,460
Other accrued liabilities 8,424 7,772
Deferred revenue 474 832
Lines of credit 1,500 3,500
Current portion of long-term debt, net 4,940 7,873
Total Current Liabilities 46,948 56,341
Long-term debt, net 44,771 45,972
Capital lease obligation, less current portion 3,770 3,804
Deferred taxes, net 24,328 22,442
Other non-current liabilities 1,977 1,744
Total Liabilities 121,794 130,303
Stockholders’ Equity:    
Common stock, $0.001 par value; 50,000 shares authorized; 27,258 and 27,148 shares issued and outstanding at November 27, 2016 and May 29, 2016, respectively 27 27
Additional paid-in capital 139,138 137,244
Retained earnings 78,518 73,457
Accumulated other comprehensive income 327
Total Stockholders’ Equity 218,010 210,728
Non-controlling interest 1,537 1,622
Total Equity 219,547 212,350
Total Liabilities and Stockholders’ Equity $ 341,341 $ 342,653
[1] Derived from audited financial statements. See Note 1 - Organization, Basis of Presentation, and Summary of Significant Accounting Policies for discussion of accounting guidance adopted during the period.