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Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Nov. 28, 2020
Nov. 30, 2019
Nov. 28, 2020
Nov. 30, 2019
Operating activities:        
Net income (loss) $ 689 $ (622) $ (458) $ (465)
Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities:        
Depreciation and amortization 873 825 1,746 1,658
Inventory provisions 215 120 452 281
Loss on disposal of assets       1
Share-based compensation expense 178 182 379 370
Deferred income taxes (55) 23 (53) (25)
Change in assets and liabilities:        
Accounts receivable 687 (335) (167) 1,826
Inventories 613 (2,062) (1,008) (3,419)
Prepaid expenses and other assets (381) (423) (272) 202
Accounts payable 211 2,590 (2,523) (1,365)
Accrued liabilities 1,633 486 3,412 (390)
Other (236) (165) (438) (109)
Net cash provided by (used in) operating activities 4,427 619 1,070 (1,435)
Investing activities:        
Capital expenditures (562) (475) (1,280) (814)
Proceeds from maturity of investments     16,000 8,000
Purchases of investments   (13,000) (9,000) (13,000)
Net cash (used in) provided by investing activities (562) (13,475) 5,720 (5,814)
Financing activities:        
Proceeds from issuance of common stock   59   59
Cash dividends paid (780) (775) (1,560) (1,550)
Payment of financing lease principal (46) (45) (91) (75)
Other   (4)    
Net cash used in financing activities (826) (765) (1,651) (1,566)
Effect of exchange rate changes on cash and cash equivalents 489 218 1,349 (150)
Increase (decrease) in cash and cash equivalents 3,528 (13,403) 6,488 (8,965)
Cash and cash equivalents at beginning of period 33,495 46,457 30,535 42,019
Cash and cash equivalents at end of period $ 37,023 $ 33,054 $ 37,023 $ 33,054