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Consolidated Balance Sheets - USD ($)
$ in Thousands
May 28, 2017
May 29, 2016
[1]
Current Assets:    
Cash and cash equivalents $ 5,409 $ 9,894
Accounts receivable, less allowance for doubtful accounts 47,083 46,406
Inventories 25,290 25,535
Prepaid expenses and other current assets 3,498 4,468
Total Current Assets 81,280 86,303
Investment in non-public company, fair value 63,600 62,700
Property and equipment, net 133,220 120,880
Goodwill, net 54,779 49,620
Trademarks/trade names, net 16,028 14,428
Customer relationships, net 6,783 6,968
Other assets 2,918 1,754
Total Assets 358,608 342,653
Current Liabilities:    
Accounts payable 25,868 30,904
Accrued compensation 8,211 5,460
Other accrued liabilities 9,125 7,772
Deferred revenue 310 832
Line of credit 3,000 3,500
Current portion of long-term debt, net 4,940 7,873
Total Current Liabilities 51,454 56,341
Long-term debt, net 42,299 45,972
Capital lease obligation, less current portion 3,731 3,804
Deferred taxes, net 24,581 22,442
Other non-current liabilities 8,391 1,744
Total Liabilities 130,456 130,303
Stockholders’ Equity:    
Common stock, $0.001 par value; 50,000,000 shares authorized; 27,499,155 and 27,148,096 shares issued and outstanding at May 28, 2017 and May 29, 2016, respectively 27 27
Additional paid-in capital 141,680 137,244
Retained earnings 84,470 73,457
Accumulated other comprehensive income 432
Total Stockholders’ Equity 226,609 210,728
Non-controlling interest 1,543 1,622
Total Equity 228,152 212,350
Total Liabilities and Stockholders’ Equity $ 358,608 $ 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.