ACQUISITION (Tables)

9 Months Ended

Feb. 27, 2016

Business Combinations [Abstract]

Schedule of fair value of assets acquired

The consideration paid by the Company to IMES at closing was $12.2 million in cash. The following table summarizes the preliminary fair values of the assets acquired at the date of the closing of the acquisition (in thousands):

Accounts receivable	$	737
Inventories		1,420
Property, plant and equipment		230
Goodwill		6,332
Other intangibles		3,490
Net assets acquired	$	12,209

Schedule of proforma results of operations

The following unaudited pro forma information represents the Company’s results of operations as if the acquisitions had occurred as of June 1, 2014:

	Three and nine months ended February 28, 2015
$ in thousands, except per share amounts	3rd Qtr			YTD
Net sales	$	35,739		$	108,413
Net loss	$	(1,851	)	$	(1,827	)
Earnings per share:
Common shares - Basic	$	(0.14	)	$	(0.13	)
Class B common shares - Basic	$	(0.12	)	$	(0.12	)
Common shares - Diluted	$	(0.14	)	$	(0.13	)
Class B common shares - Diluted	$	(0.12	)	$	(0.12