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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Nov. 28, 2020
May 30, 2020
Current assets:    
Cash and cash equivalents $ 37,023 $ 30,535
Accounts receivable, less allowance of $256 and $334, respectively 21,077 20,197
Inventories, net 59,538 57,492
Prepaid expenses and other assets 2,798 2,442
Investments - current 9,000 16,000
Total current assets 129,436 126,666
Non-current assets:    
Property, plant and equipment, net 17,358 17,674
Intangible assets, net 2,388 2,505
Lease ROU asset 2,857 3,419
Non-current deferred income taxes 529 456
Total non-current assets 23,132 24,054
Total assets 152,568 150,720
Current liabilities:    
Accounts payable 15,089 17,372
Accrued liabilities 13,998 10,324
Lease liability current 1,280 1,485
Total current liabilities 30,367 29,181
Non-current liabilities:    
Non-current deferred income tax liabilities 171 161
Lease liability non-current 1,512 1,941
Other non-current liabilities 884 777
Total non-current liabilities 2,567 2,879
Total liabilities 32,934 32,060
Stockholders’ equity    
Preferred stock, $1.00 par value, no shares issued
Additional paid-in-capital 62,124 61,749
Retained earnings 52,746 54,764
Accumulated other comprehensive income 4,103 1,490
Total stockholders’ equity 119,634 118,660
Total liabilities and stockholders’ equity 152,568 150,720
Common Stock    
Stockholders’ equity    
Common stock, $0.05 par value; issued and outstanding 11,111 shares on November 28, 2020 and 11,038 shares on May 30, 2020 Class B common stock, convertible, $0.05 par value; issued and outstanding 2,097 shares on November 28, 2020 and May 30, 2020 556 552
Common Class B    
Stockholders’ equity    
Common stock, $0.05 par value; issued and outstanding 11,111 shares on November 28, 2020 and 11,038 shares on May 30, 2020 Class B common stock, convertible, $0.05 par value; issued and outstanding 2,097 shares on November 28, 2020 and May 30, 2020 $ 105 $ 105