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Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 02, 2023
Nov. 26, 2022
Dec. 02, 2023
Nov. 26, 2022
Operating activities:        
Net (loss) income $ (1,797) $ 5,549 $ (570) $ 11,873
Adjustments to reconcile net (loss) income to cash provided by (used in) operating activities:        
Depreciation and amortization 1,116 893 2,114 1,776
Inventory provisions 192 124 277 195
Share-based compensation expense 283 213 766 524
Loss (gain) on disposal of assets 70 (25) 70 (25)
Deferred income taxes 51 27 46 28
Change in assets and liabilities:        
Accounts receivable 1,790 (2,009) 6,252 (5,505)
Inventories (3,069) (7,658) (6,220) (18,126)
Prepaid expenses and other assets (618) 774 (209) (425)
Accounts payable 1,233 (699) (1,132) 796
Accrued liabilities 1,502 (1,062) 378 1,147
Other 47 (49) 43 589
Net cash provided by (used in) operating activities 800 (3,922) 1,815 (7,153)
Investing activities:        
Capital expenditures (1,515) (1,301) (2,656) (2,743)
Proceeds from sale of property, plant & equipment 0 193 0 193
Net cash used in investing activities (1,515) (1,108) (2,656) (2,550)
Financing activities:        
Proceeds from issuance of common stock 15 1,517 342 2,902
Cash dividends paid on Common and Class B Common shares (845) (831) (1,688) (1,650)
Other 0 0 (119) (69)
Net cash (used in) provided by financing activities (830) 686 (1,465) 1,183
Effect of exchange rate changes on cash and cash equivalents 190 (183) 94 (869)
Decrease in cash and cash equivalents (1,355) (4,527) (2,212) (9,389)
Cash and cash equivalents at beginning of period 24,124 30,633 24,981 35,495
Cash and cash equivalents at end of period $ 22,769 $ 26,106 $ 22,769 $ 26,106