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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Nov. 28, 2020
Nov. 30, 2019
Operating activities:    
Net income (loss) $ (7,244) $ (55,907)
Depreciation and amortization 29,305 27,571
Impairment loss on property, plant & equipment 0 2,919
Other adjustments, net (32,712) (48,855)
Net cash used in operations (10,651) (74,272)
Investing activities:    
Purchases of investment securities (29,637) (10,116)
Sales and maturities of investment securities 59,077 137,160
Distributions from unconsolidated entities 2,650 2,357
Acquisition of business 0 (44,515)
Purchases of property, plant and equipment (52,373) (68,106)
Net proceeds from disposal of property, plant and equipment 253 1,866
Net cash provided by (used in) investing activities (20,030) 18,646
Financing activities:    
Purchase of common stock by treasury (45) (21)
Distributions to noncontrolling interests 0 (755)
Principal payments on long-term debt 0 (1,500)
Principal payments on finance lease (101) (97)
Contributions 5 0
Net cash used in financing activities (141) (2,373)
Net change in cash and cash equivalents (30,822) (57,999)
Cash and cash equivalents at beginning of period 78,130 69,247
Cash and cash equivalents at end of period 47,308 11,248
Supplemental Information:    
Cash paid for operating leases 237 398
Interest paid $ 129 $ 91