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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
May 28, 2017
May 29, 2016
May 31, 2015
Cash flows from operating activities:      
Consolidated net income (loss) $ 10,677,000 $ (11,448,000) [1] $ 13,725,000 [1]
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 10,677,000 9,395,000 [1] 7,090,000 [1]
Stock-based compensation expense 3,964,000 3,465,000 [1] 1,577,000 [1]
Loss on early debt extinguishment 1,233,000 [1] [1]
Deferred taxes 2,506,000 (9,787,000) [1] 4,152,000 [1]
Change in investment in non-public company, fair value (900,000) (1,200,000) [1] (3,900,000) [1]
Net loss (gain) on disposal of property and equipment 586,000 46,000 [1] (90,000) [1]
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) 0 34,000,000 [1] [1]
Impairment of non-public company, non-fair value investment 793,000
Changes in assets and liabilities:      
Accounts receivable, net (336,000) 73,000 [1] (1,754,000) [1]
Inventories 855,000 (508,000) [1] (292,000) [1]
Prepaid expenses and other current assets 1,039,000 965,000 [1] 177,000 [1]
Accounts payable (5,189,000) (4,105,000) [1] 2,894,000 [1]
Accrued compensation 2,751,000 (1,282,000) [1] 2,646,000 [1]
Other accrued liabilities 2,086,000 2,556,000 [1] 11,000 [1]
Restricted cash collateral (100,000) (225,000)
Deferred revenue (522,000) (11,000) [1] (411,000) [1]
Net cash provided by operating activities 29,327,000 21,934,000 [1] 26,618,000 [1]
Cash flows from investing activities:      
Purchases of property and equipment (22,592,000) (40,867,000) [1] (17,511,000) [1]
Acquisition of O Olive (Note 2) (2,500,000)
Deposit on capital lease (850,000) [1] [1]
Proceeds from sales of fixed assets 81,000 127,000 [1] 1,071,000 [1]
Investment in non-public company, fair value (18,000,000)
Net cash used in investing activities (25,011,000) (41,590,000) [1] (34,440,000) [1]
Cash flows from financing activities:      
Proceeds from sale of common stock 706,000 322,000 [1] 122,000 [1]
Taxes paid by Company for stock swaps and RSUs (434,000) 0 (343,000) [1]
Net change in other assets/liabilities (41,000) (247,000) (24,000)
Proceeds from long term debt 50,000,000 26,748,000 [1] 15,014,000 [1]
Payments on long term debt (57,236,000) (14,652,000) [1] (6,867,000) [1]
Proceeds from lines of credit 4,500,000 26,100,000 [1] 30,417,000 [1]
Payments on lines of credit (5,000,000) (22,600,000) [1] (30,417,000) [1]
Payments for debt issuance costs (897,000) [1] [1]
Payments for early debt extinguishment penalties (233,000) [1] [1]
Payments to non-controlling interest. (166,000) (248,000) [1] (196,000) [1]
Net cash (used in) provided by financing activities (8,801,000) 15,423,000 [1] 7,706,000 [1]
Net decrease in cash and cash equivalents (4,485,000) (4,233,000) [1] (116,000) [1]
Cash and cash equivalents at beginning of year 9,894,000 [2] 14,127,000 14,243,000
Cash and cash equivalents at end of year 5,409,000 9,894,000 [2] 14,127,000
Supplemental disclosure of cash flow information:      
Cash paid during the period for interest 2,332,000 2,017,000 1,994,000
Cash paid during the period for income taxes, net of refunds received 2,792,000 2,625,000 150,000
Supplemental disclosure of non-cash investing and financing activities:      
Facility and equipment acquired under a capital lease $ 3,908,000
[1] See Note 1 - Organization, Basis of Presentation, and Summary of Significant Accounting Policies for a discussion of accounting principles adopted during the period.
[2] 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.