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Unaudited Consolidated Balance Sheets - USD ($)
$ in Thousands
Feb. 25, 2023
May 28, 2022
Current assets:    
Cash and cash equivalents $ 24,645 $ 35,495
Accounts receivable, less allowance of $189 and $186, respectively 42,151 29,878
Inventories, net 101,409 80,390
Prepaid expenses and other assets 2,639 2,448
Investments - current 0 5,000
Total current assets 170,844 153,211
Non-current assets:    
Property, plant and equipment, net 19,335 16,961
Intangible assets, net 1,957 2,010
Lease ROU asset 2,378 3,239
Other non-current assets 339 0
Non-current deferred income taxes 4,350 4,398
Total non-current assets 28,359 26,608
Total assets 199,203 179,819
Current liabilities:    
Accounts payable 24,686 23,987
Accrued liabilities 16,502 16,110
Lease liability current 996 1,109
Total current liabilities 42,184 41,206
Non-current liabilities:    
Non-current deferred income tax liabilities 84 85
Lease liability non-current 1,382 1,915
Other non-current liabilities 613 766
Total non-current liabilities 2,079 2,766
Total liabilities 44,263 43,972
Stockholders’ Equity    
Preferred stock, $1.00 par value, no shares issued
Additional paid-in-capital 70,383 66,331
Retained earnings 83,760 68,031
Accumulated other comprehensive income 90 800
Total stockholders’ equity 154,940 135,847
Total liabilities and stockholders’ equity 199,203 179,819
Common Stock    
Stockholders’ Equity    
Common stock, $0.05 par value; issued and outstanding 12,085 shares on February 25, 2023 and 11,649 shares on May 28, 2022 Class B common stock, convertible, $0.05 par value; issued and outstanding 2,052 shares on February 25, 2023 and 2,053 shares on May 28, 2022 604 582
Common Class B    
Stockholders’ Equity    
Common stock, $0.05 par value; issued and outstanding 12,085 shares on February 25, 2023 and 11,649 shares on May 28, 2022 Class B common stock, convertible, $0.05 par value; issued and outstanding 2,052 shares on February 25, 2023 and 2,053 shares on May 28, 2022 $ 103 $ 103