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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Feb. 27, 2021
May 30, 2020
Current assets:    
Cash and cash equivalents $ 38,407 $ 30,535
Accounts receivable, less allowance of $270 and $334, respectively 21,880 20,197
Inventories, net 59,425 57,492
Prepaid expenses and other assets 2,334 2,442
Investments - current 9,000 16,000
Total current assets 131,046 126,666
Non-current assets:    
Property, plant and equipment, net 17,098 17,674
Intangible assets, net 2,330 2,505
Lease ROU asset 2,971 3,419
Non-current deferred income taxes 522 456
Total non-current assets 22,921 24,054
Total assets 153,967 150,720
Current liabilities:    
Accounts payable 15,572 17,372
Accrued liabilities 14,846 10,324
Lease liability current 1,239 1,485
Total current liabilities 31,657 29,181
Non-current liabilities:    
Non-current deferred income tax liabilities 173 161
Lease liability non-current 1,629 1,941
Other non-current liabilities 923 777
Total non-current liabilities 2,725 2,879
Total liabilities 34,382 32,060
Stockholders’ equity    
Preferred stock, $1.00 par value, no shares issued
Additional paid-in-capital 62,274 61,749
Retained earnings 52,194 54,764
Accumulated other comprehensive income 4,456 1,490
Total stockholders’ equity 119,585 118,660
Total liabilities and stockholders’ equity 153,967 150,720
Common Stock    
Stockholders’ equity    
Common stock, $0.05 par value; issued and outstanding 11,111 shares on February 27, 2021 and 11,038 shares on May 30, 2020 Class B common stock, convertible, $0.05 par value; issued and outstanding 2,097 shares on February 27, 2021 and May 30, 2020 556 552
Common Class B    
Stockholders’ equity    
Common stock, $0.05 par value; issued and outstanding 11,111 shares on February 27, 2021 and 11,038 shares on May 30, 2020 Class B common stock, convertible, $0.05 par value; issued and outstanding 2,097 shares on February 27, 2021 and May 30, 2020 $ 105 $ 105