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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Feb. 26, 2022
Feb. 27, 2021
Cash flows from operating activities:    
Net income $ 22,573 $ 6,304
Depreciation and amortization 50,996 44,391
Deferred income taxes (3,861) 9,970
Other adjustments, net (48,884) (45,936)
Net cash provided by operations 20,824 14,729
Cash flows from investing activities:    
Purchases of investment securities (47,135) (59,415)
Sales and maturities of investment securities 76,377 85,202
Investment in unconsolidated entities (3,000) 0
Distributions from unconsolidated entities 400 5,813
Acquisition of business, net of cash acquired (44,823) 0
Purchases of property, plant and equipment (49,170) (73,796)
Net proceeds from disposal of property, plant and equipment 6,041 3,273
Net cash used in investing activities (61,310) (38,923)
Cash flows from financing activities:    
Purchase of common stock by treasury (1,120) (871)
Principal payments on finance lease (160) (153)
Contributions 3 5
Net cash used in financing activities (1,277) (1,019)
Net change in cash and cash equivalents (41,763) (25,213)
Cash and cash equivalents at beginning of period 57,352 78,130
Cash and cash equivalents at end of period 15,589 52,917
Supplemental information:    
Cash paid for operating leases 625 703
Interest paid $ 230 $ 193